Document:

Exhibit 4.3

 

FORM OF PENNY WARRANT

 

THIS WARRANT HAS NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD,
TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE ACT, AND ANY APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION
IS AVAILABLE. THIS WARRANT MUST BE SURRENDERED TO THE COMPANY OR ITS TRANSFER AGENT AS A CONDITION PRECEDENT TO THE SALE, TRANSFER, PLEDGE
OR HYPOTHECATION OF ANY INTEREST IN ANY OF THE SECURITIES REPRESENTED HEREBY. 

 

	NUMBER W-_______-	 	 	_______WARRANTS

 

THIS WARRANT WILL BE VOID IF NOT EXERCISED PRIOR
TO THE EXPIRATION DATE (DEFINED BELOW)

 

DRAGONFLY ENERGY HOLDINGS CORP.

 

WARRANT

 

THIS WARRANT CERTIFIES THAT, for value received ____________,
is the registered holder (the “Holder”) of a warrant or warrants (the “Warrant(s)”) and is entitled
to purchase up to ____________1 fully paid and non-assessable
shares of common stock, par value $0.0001 per share (“Shares”), of Dragonfly Energy Holdings Corp., a Delaware corporation
(the “Company”) at a purchase price per Share (the “Warrant Price”) of $0.01 per share (as adjusted
from time to time in accordance with this Warrant). This Warrant is issued in connection with that certain term loan, guarantee and security
agreement among Alter Domus (US) LLC, Dragonfly Energy Corp., EICF Agent LLC and the other credit parties signatory thereto (the “Loan
Agreement”). The Warrant represented by this certificate is referred to herein as the “Warrant Certificate”.

 

		1.	Term and Exercise of Warrants.

 

		(a)	Subject to the terms and conditions set forth herein, this Warrant shall be exercisable, in whole or in
part, commencing the date hereof (the “Issuance Date”) and ending on the ten-year anniversary of the issuance date
of this Warrant (the “Expiration Date”).

 

		(b)	The Warrant entitles the holder thereof to purchase Shares from the Company, commencing on the Issuance
Date upon surrender of this Warrant, delivery of the Notice of Exercise form attached hereto (the “Notice of Exercise”)
duly executed to the office of the Company, Dragonfly Energy Holdings Corp., Attention: Chief Financial Officer, 1190 Trademark Dr. #108,
Reno, NV 89521 legal@dragflyenergy.com (or such other office or agency of the Company as it may designate by notice in writing to the
Holder at the address of the Holder appearing on the books of the Company) and payment of the Warrant Price (by cash or by check or bank
draft payable to the order of the Company or pursuant to Section 1(d) below) whereupon the Holder shall be entitled to receive from the
Company a stock certificate representing the number of Shares so purchased. In no event will the Company be required to net cash settle
any warrant exercise.

 

		(c)	The Holder shall have the right, in lieu of paying the Warrant Price in cash, to surrender a number of
Warrants having a Fair Market Value equal to the aggregate Warrant Price (a “Cashless Exercise”).

 

 

1 To equal 5.6% of the Company’s fully
diluted equity securities at the time of issuance.

 

     

     

    

 

“Fair Market
Value” shall mean, as of any particular date of determination, (i) if the Shares are then traded or quoted on a nationally
recognized securities exchange, inter-dealer quotation system or over-the-counter market (a “Trading
Market”), the average closing price or last sale price of the Shares reported
for the five (5) business days prior to the applicable date of determination (or, if the Shares have not been actively trading
during the 5 business days prior to the applicable date of determination, the last sale price of the Shares for the business day
immediately prior to the applicable date of determination) and (ii) if the Shares are not traded or quoted on a Trading Market, the
Board of Directors of the Company (the “Board”) shall determine the fair market value of a Share in its
reasonable, good faith judgment, subject to the Holder’s right to dispute such determination as provided in Section 1(d)
below

 

In the event of such a Cashless Exercise,
the number of Shares to be issued to the Holder shall be determined as follows:

 

X = Y[(A - B)/A]

 

X = the number of Shares to be issued to the Holder

Y = the number of Shares with respect to which this Warrant
is being exercised

A = the Fair Market Value of one Share

B = the Warrant Price

 

		(d)	In the case of any dispute as to the determination of Fair Market Value, any closing price or sales price
of the Shares, the arithmetic calculation of the Warrant Price or the number of Shares for which this Warrant is exercisable, or any other
computation required to be made hereunder, if the Holder and the Company are unable to settle such dispute within five business days (or
such longer period as the parties may agree), then either party may elect to submit the disputed matter(s) for resolution by an independent
accountant, appraiser or investment bank with relevant experience mutually acceptable to the Company and the Holder. Such independent
party’s determination of such disputed matter(s) shall be binding upon all parties absent demonstrable error, and the Company and
the Holder shall each pay one half of the fees and expenses of the independent party.

 

		(e)	If, upon the Expiration Date, the Fair Market Value of one Share (or other security issuable upon the
exercise hereof) is greater than the Warrant Price in effect on such date, then this Warrant shall automatically be deemed to be exercised
on a Cashless Exercise basis as of the Expiration Date as to all the Shares for which it shall not previously have been exercised, and
the Company shall, within a reasonable time, deliver a certificate representing the Shares issued upon such exercise to the Holder (and
if the Company’s shares are uncertificated, the Company shall deliver reasonably satisfactory evidence to the Holder signifying
the valid issuance of such uncertificated shares).

 

		2.	Issuance of Shares; No Fractional Shares.

 

		(a)	Within three business days after the exercise of this Warrant and the clearance of the funds in payment
of the applicable Warrant Price (if any) (the “Delivery Deadline”), the Company, at its expense, shall issue to the
registered holder of such Warrant a certificate or certificates, or book entry position, for the number of Shares to which he, she or
it is entitled, registered in such name or names as may be directed by him, her or it. Upon any exercise of the Warrant for less than
the total number of full Shares provided for herein, there shall be issued to the registered holder hereof or the registered holder’s
assignee a new Warrant Certificate covering the number of Shares for which the Warrant has not been exercised.

 

		(b)	If, at the time of exercise, the Company has a transfer agent (the “Transfer Agent”),
then upon the exercise of this Warrant in whole or in part, the Company shall, at its expense, take all necessary action, including (if
necessary) obtaining and delivering an opinion from its counsel, to ensure that the Transfer Agent shall issue Shares in the name of the
Holder (or its nominee) or such other persons as designated by the Holder and in such denominations to be specified in the applicable
Notice of Exercise. The Company represents and warrants that if the Unrestricted Conditions set forth in Section 6 below are met, the
Shares will be free-trading, and freely transferable, and will not contain a legend restricting the resale or transferability of the Shares
and that no instructions other than the foregoing instructions will be given to the Transfer Agent.

 

     

     

    

 

		(c)	If the Transfer Agent is participating in the DTC Fast Automated Securities Transfer
                                                                (“FAST”) program, upon written request of the Holder and in lieu of delivering physical certificates representing
                                                                Shares to be delivered under or in connection
with this Warrant Certificate, the Company shall use its commercially reasonable efforts to cause the Transfer Agent to electronically
transmit the Shares to the Holder by crediting the account of the Holder’s prime broker with the DTC through its Deposit Withdrawal
Agent Commission (“DWAC”) system. The time periods for delivery and penalties described herein shall apply to the electronic
transmittals described herein. Any delivery not effected by electronic transmission shall be effected by delivery of physical certificates.

 

		(d)	If the Company fails to transmit, or cause the Transfer Agent to transmit, to the Holder the Shares by
the Delivery Deadline, then the Holder will have the right to rescind such Warrant exercise.

 

		(e)	In addition to any other rights available to the Holder, including the right to rescind the exercise as
provided above, if as a result of a failure to deliver the Shares by the Delivery Deadline (so long as the failure to deliver the Shares
is not caused by any action or inaction by the Holder) (a “Delivery Failure”) the Holder is required by its broker
to purchase (in an open market transaction or otherwise) or the Holder’s brokerage firm otherwise purchases shares of the Company’s
capital stock to deliver in satisfaction of a sale anticipated to be made by the Holder of all or portion of such Shares which are the
subject of such Delivery Failure (an “Anticipated Sale”), then the Company shall (i) pay in cash to the Holder the
amount by which (x) the Holder’s total purchase price (including brokerage commissions, if any) for the shares of the Company’s
capital stock so purchased exceeds (y) an amount equal to the product of (A) the number of Shares that the Holder anticipated to sell
in such Anticipated Sale, multiplied by (B) the Warrant Price that would have been payable for such Shares, and (ii) at the option of
the Holder, either reinstate the portion of this Warrant and equivalent number of Shares in respect of which such Delivery Failure occurred
or deliver to the Holder the number of Shares that would have been issued had the Company timely complied with its obligations hereunder
to issue such Shares upon such exercise. The Holder shall provide the Company written notice indicating the amounts payable to the Holder,
together with applicable confirmations and other evidence reasonably requested by the Company.

 

		(f)	No fraction of a Share will be issued upon any exercise of a Warrant. If the holder of a Warrant would
be entitled to receive a fraction of a Share upon any exercise of a Warrant, the Company shall, upon such exercise, issue or cause to
be issued only the largest whole number of Shares issuable on such exercise (and such fraction of a Share will be disregarded).

 

		(g)	For purposes of Rule 144, it is acknowledged and agreed that (i) the Shares issuable upon any
exercise of this Warrant in any Cashless Exercise transaction shall be deemed to have been acquired on the Issuance Date, and (ii) the
holding period for any of the Shares issuable upon the exercise of this Warrant in any Cashless Exercise transaction shall be deemed to
have commenced on the Issuance Date.

 

		3.	Exchange and Registry of Warrant.

 

		(a)	Warrant Certificates, when surrendered at the office of the Company by the Holder in person or by attorney
duly authorized in writing, may be exchanged without payment of any service charge, for another Warrant Certificate or Warrant Certificates
of like tenor and evidencing in the aggregate a like number of Warrants.

 

		(b)	Upon due presentment for registration of transfer of the Warrant Certificate at the office of the Company,
a new Warrant Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued
to the transferee in exchange for this Warrant Certificate, without charge except for any applicable tax or other governmental charge.

 

		(c)	The Company shall keep and properly maintain at its principal executive offices a register for the registration
of this Warrant and any transfers thereof. The Company may deem and treat the person in whose name this Warrant is registered on such
register as the Holder thereof for all purposes, and the Company shall not be affected by any notice to the contrary, except any assignment,
division, combination or other transfer of this Warrant effected in accordance with the provisions of this Warrant.

 

     

     

    

 

		4.	Anti-Dilution Adjustments.

 

		(a)	Adjustments for Change in Shares.

 

		i.	In the event that, after the Issuance Date and prior to the exercise in full of this Warrant, the outstanding
the number of Shares shall be subdivided (by distribution, subdivision or otherwise), into a greater number of Shares, the number of Shares
issuable on the exercise of each Warrant then in effect shall, concurrently with the effectiveness of such subdivision, be equally, ratably
and proportionally increased, as determined in good faith by the Board, which determination shall be final and binding on the Holders
absent manifest error. In the event the outstanding Shares shall be combined or consolidated, by reclassification or otherwise, into a
lesser number of Shares, the number of Shares issuable on the exercise of each Warrant then in effect shall, concurrently with the effectiveness
of such subdivision, be equally, ratably and proportionally decreased, as determined in good faith by the Board, which determination shall
be final and binding on the Holders absent manifest error.

 

		ii.	In the event that, after the Issuance Date and prior to the exercise in full of this Warrant, the Shares
are exchanged for, or converted into, another form of equity security of the Company or of any other entity, this Warrant shall be exercisable
for an equivalent number of such equity securities, at an equivalent Warrant Price, in each case as determined by the Board acting reasonably,
so as to provide the Holder with rights equitably equivalent to the rights held by the Holder by virtue of this Warrant in effect immediately
prior to such exchange or conversion, and each reference herein to the Shares issuable on exercise of this Warrant shall be deemed to
be a reference to such other equity securities.

 

		(b)	Adjustment for Issuance of Applicable Shares. If, after the Issuance Date, the Company shall issue
or sell any Shares (other than shares included in the Excluded Issuances, as defined below) (the “Applicable Shares”),
or options, warrants, convertible securities and similar instruments exercisable or otherwise convertible or exchangeable for Applicable
Shares, in each case without consideration or for a consideration per Share initially deliverable upon issuance, conversion or exchange
of such securities less than [$10] (as proportionately adjusted to account for stock splits, stock combinations, stock dividends or other
distributions and recapitalizations affecting the Common Stock) (the “Original Price”), then effective immediately
upon such issuance or sale, the number of Shares issuable upon exercise of this Warrant immediately prior to any such issuance or sale
shall be increased, and shall not be reduced, in accordance with the following formula:

 

S1 = S x [(OS + D) / (OS
+ PS)]

 

S1 = new number of Shares issuable upon exercise
of this Warrant

S = then applicable number of Shares issuable upon exercise
of this Warrant immediately prior to the issuance or sale

OS = the number of Shares outstanding immediately prior
to the issuance of such securities

D = the maximum number of Shares deliverable upon issuance
of such securities

PS = the aggregate number of Shares
which the aggregate amount of consideration received by the Company upon such issuance or sale would have purchased at the Original Price

 

     

     

    

 

		(c)	Other Dividends and Distributions.
                                            If the Company shall make or declare, or fix a record date for the determination of holders
                                            of equity securities entitled to receive, a dividend or any other distribution payable in
                                            cash, securities of the Company or other property, then, and in each such event, the Company
                                            shall ensure that provisions are made so that the Holder shall receive upon exercise of this
                                            Warrant, in addition to the number of the Shares receivable thereupon, the kind and amount
                                            of cash, securities of the Company or other property which the Holder would have been entitled
                                            to receive had this Warrant been exercised in full into the Shares on the date of such event
                                            and had the Holder thereafter, during the period from the date of such event to and including
                                            the date this Warrant is exercised, retained such cash, securities or other property receivable
                                            by them as aforesaid during such period, giving application to all adjustments called for
                                            during such period under this Section with respect to the rights of the Holder; provided,
                                            that no such provision shall be made if the Holder receives, simultaneously with the distribution
                                            to the holders of equity securities, a dividend or other distribution of such securities,
                                            cash or other property in an amount equal to the amount of such securities, cash or other
                                            property as the Holder would have received if this Warrant had been exercised in full into
                                            the Shares on the date of such event.

 

		(d)	Certain Events. If any event of the type contemplated by the provisions of this Section but not
expressly provided for by such provisions (including, without limitation, the granting of stock appreciation rights, phantom stock rights
or other rights with equity features) occurs, then the Board shall make an appropriate adjustment in the number of the Shares issuable
upon exercise of this Warrant so as to protect the rights of the Holder in a manner consistent with the provisions of this Section; provided,
that no such adjustment pursuant to this Section 4(d) shall increase the Warrant Price or decrease the number of the Shares issuable hereunder.

 

		(e)	Exceptions to Adjustments. Except as specifically provided for herein, there shall be no adjustment
or readjustment to the number of Shares issuable in the following circumstances (each of the following, an “Excluded Issuance”):
(1) upon the exercise of this Warrant or any of the other Warrants issued to the Company’s other lenders on the Issuance Date; (2)
upon conversion, exercise or exchange of securities, including convertible debt securities, outstanding prior to the Issuance Date; (3)
pursuant to agreements in effect as of the Issuance Date (provided that such agreements are not amended after the Issuance Date to increase
the number of securities, reduce the consideration payable in connection with such securities, or otherwise change the terms of such agreements
so as to have a dilutive effect on this Warrant); (4) pursuant to the Company’s management, directors or other service providers
as part of compensation and incentive programs approved by the Board; (5) pursuant to any joint venture arrangement, strategic arrangements,
real property lease, financing transaction or other similar transaction in which equity financing is not the purpose of the transaction;
and (6) pursuant to any public equity offerings. Notwithstanding the foregoing, the parties agree that any equity securities issued in
 “PIPE” transactions, and any equity securities issued pursuant to the Committed Equity Facility shall be “Excluded Issuances”
if the securities issued in such “PIPE” transactions or pursuant to the Committed Equity Facility are issued for consideration
equal to at at least $5 per share (as proportionately adjusted to account for stock splits, stock combinations, stock dividends or other
distributions or recapitalizations affecting the Common Stock). For example (x) if the Company issues equity securities in a PIPE Transaction
or pursuant to the Committed Equity Facility, and the consideration paid for those equity securities is $4 per equity security, then such
issuance shall not be an Excluded Issuance and the adjustment set forth in Section 4(b) shall apply, and (y) if the Company issues
equity securities in a PIPE Transaction or pursuant to the Committed Equity Facility, and the consideration paid for those equity securities
is $5 per equity security, then such issuance shall be an Excluded Issuance and the adjustment set forth in Section 4(b) shall
not apply. As used herein, “Committed Equity Facility” means the ChEF Purchase Agreement by and between Chardan
Capital Markets LLC and Dragonfly Energy Holdings Corp., including any modification, amendment or replacement thereof.

 

		(f)	Notice of Adjustment. Upon the occurrence of each adjustment or readjustment of the number of Shares
issuable on the exercise of each Warrant, the Company (at its expense) shall promptly compute such adjustment or readjustment in accordance
with the terms hereof and furnish to the Holder a notice setting forth (1) such adjustment or readjustment and showing in detail the facts
upon which such adjustment or readjustment is based and (2) the number of Shares issuable on the exercise of each Warrant at the time
in effect.

 

		(g)	Closing of Books. The Company will not close its stockholder books or records, other than in the
ordinary course, in any manner which prevents the timely exercise of this Warrant, pursuant to the terms hereof.

 

		(h)	Miscellaneous. All calculations hereunder shall be made to the nearest cent or to the nearest twentieth
decimal place of a fractional Share, as the case may be.

 

     

     

    

 

		5.	Registration Rights.

 

		(a)	 As soon as practicable following the Issuance Date but no later than thirty (30) calendar days after the Issuance Date, the Company
shall submit to or file with the SEC a registration statement registering the resale of this Warrant, the Shares, and any securities issued
or issuable with respect to the Shares by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization,
merger, consolidation, spin-off, reclassification or other reorganization or similar transaction (including Shares received pursuant to
Section 4 above) (the “Registrable Securities”) on any form of registration statement (a “Registration Statement”)
as is then available to effect a registration for resale of such Registrable Securities, which may be on Form S-1, for an offering to
be made on a continuous basis pursuant to Rule 415 of the Securities Act registering the resale from time to time by the Holder(s) (or
a bona fide pledgee thereof) of all of the Registrable Securities held by the Holder (or bona fide pledgee thereof) (the “Initial
Registration Statement”). The Holder shall not be named as an underwriter on any Registration Statement, provided, that if the
SEC requires that the Holder be identified as a statutory underwriter in a Registration Statement, the Holder will have the option, in
its sole and absolute discretion, to either (i) withdraw from the Registration Statement, it being understood that such withdrawal shall
not relieve the Company of its obligation to register for resale such Holder’s Registrable Securities at a later date or (ii) be
included as such in the Registration Statement. In the event that a Holder elects to include its Registrable Securities on a Registration
Statement in accordance with the foregoing clause (ii), the Company shall provide such Holder with a draft of such Registration Statement
(and any amendments or supplements thereto) as soon as reasonably practicable, and any disclosures contained therein relating to such
Holder shall be subject to the approval of such Holder (which approval shall not be unreasonably withheld or delayed). Such Registrable
Securities will cease to become Registrable Securities upon the earliest to occur of: (A) a Registration Statement with respect to the
sale of such securities shall have become effective under the Securities Act and all Registrable Securities held by the Holder shall have
been sold, transferred, disposed of or exchanged in accordance with such Registration Statement by the applicable Holder; (B) such securities
shall have ceased to be outstanding; (C) such securities may be sold without restriction on volume or manner of sale in any three-month
period pursuant to Rule 144 or any successor rule promulgated under the Securities Act; and (D) all Registrable Securities held by the
Holder have been sold to, or through, a broker, dealer or underwriter in a public distribution or other public securities transaction.

 

		(b)	The Company shall use commercially reasonable efforts to have the Initial Registration Statement declared
effective as soon as practicable after the filing thereof, but no later than the earlier of (i) the ninetieth (90th) calendar day following
the filing date thereof if the SEC notifies the Company that it will “review” the Registration Statement and (ii) the tenth
(10th) business day after the date the Company is notified (orally or in writing, whichever is earlier) by the SEC that the Registration
Statement will not be “reviewed” or will not be subject to further review. The Company shall notify the Holders as promptly
as practicable after the Registration Statement is declared effective and shall simultaneously or prior thereto file with the SEC pursuant
to Rule 424(b) promulgated under the Securities Act, and provide the Holders with copies of, any related prospectus to be used in connection
with the sale or other disposition of the securities covered thereby (each, a “Prospectus”). The Registration Statement
shall contain a Prospectus in such form as to permit any Holder to sell such Registrable Securities pursuant to Rule 415 under the Securities
Act (or any successor or similar provision adopted by the Commission then in effect) at any time beginning on the effective date for such
Registration Statement, and shall provide that such Registrable Securities may be sold pursuant to any method or combination of methods
legally available to, and requested by, the Holders.

 

		(c)	The Company shall maintain the Initial Registration Statement and any subsequent Registration Statement
in accordance with the terms hereof, and shall prepare and file with the SEC such amendments, including post-effective amendments, and
supplements as may be necessary to keep the Initial Registration Statement and any subsequent Registration Statement continuously effective,
available for use to permit the Holders named therein to sell their Registrable Securities included therein and in compliance with the
provisions of the Securities Act until such time as there are no longer any Registrable Securities (the “Effectiveness Period”).

 

     

     

    

 

		(d)	In furtherance of the foregoing, the Company shall:

 

		i.	provide copies to, and permit the Holder to review, the Registration Statement and all amendments and supplements thereto not
less than five (5) business days prior to the filing of the Registration Statement and not less than one (1) business day prior to the
filing of any related Prospectus or any amendment or supplement thereto (except any amendment or supplement in relation to annual reports
on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K and any similar or successor reports) and provide the Holder
a reasonable opportunity to comment thereon, and the Company shall consider such comments in good faith before filing any Registration
Statement or amendment or supplement thereto;

 

		ii.	use commercially reasonable efforts to (x) prevent the issuance of any stop order or other suspension of effectiveness and (y)
if such order is issued, obtain the withdrawal of any such order as soon as practicable;

 

		iii.	prior to any public offering of Registrable Securities, use commercially reasonable efforts to register or qualify or cooperate
with the Holder and its counsel in connection with the registration or qualification of such Registrable Securities for the offer and
sale under the securities or blue sky laws of such jurisdictions upon notice and as requested by the Holder and do any and all other commercially
reasonable acts or things necessary or advisable as requested by the Holder to enable the distribution in such jurisdictions of the Registrable
Securities covered by the Registration Statement; provided, that the Company shall not be required in connection therewith or as a condition
thereto to (i) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this provision;
(ii) subject itself to general taxation in any jurisdiction where it would not otherwise be so subject but for this provision; or (iii)
file a general consent to service of process in any such jurisdiction;

 

		iv.	use commercially reasonable efforts to cause all Registrable Securities covered by a Registration Statement to be listed on each
national securities exchange or other market on which similar securities issued by the Company are then listed;

 

		v.	provide a transfer agent or warrant agent, if any, as applicable, and registrar for all such Registrable Securities no later than
the effective date of such Registration Statement;

 

		vi.	promptly notify the Holder at any time prior to the end of the Effectiveness Period, upon discovery that, or upon the happening
of any event as a result of which, the Prospectus included in the Registration Statement, as then in effect, includes a untrue statement
of a material fact or an omission to state a material fact required to be stated in a Registration Statement or Prospectus or necessary
to make the statements in a Registration Statement or Prospectus (in the case of a Prospectus, in the light of the circumstances under
which they were made) not misleading (a “Misstatement”), which the Holder will maintain in confidence, and (i) promptly
prepare, file with the SEC and furnish to such holder a supplement to or an amendment of such Prospectus as may be necessary so that such
Prospectus shall not include such Misstatement or (ii) suspend the filing, initial effectiveness or continued use of any Registration
Statement in accordance with Section 5(g) below;

 

		vii.	use commercially reasonable efforts to comply with all applicable rules and regulations of the SEC under the Securities Act and
the Exchange Act; and

 

		viii.	otherwise, in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested by the Holder,
consistent with the terms of this Warrant, in connection with such registration.

 

		(e)	In the event that any Holder holds Registrable Securities that are not registered for resale on a
                                                                delayed or continuous basis, the Company, upon written request of such Holder, shall promptly use its commercially reasonable
                                                                efforts to cause the resale of such Registrable Securities to be covered by either, at the Company’s option, any then
                                                                available Registration Statement (including by means of a post-effective amendment) or by filing a subsequent Registration Statement
                                                                and causing the same to become effective as soon as reasonably practicable
after such filing and such subsequent Registration Statement shall be subject to the terms hereof.

 

     

     

    

 

		(f)	If the Initial Registration Statement ceases to be effective under Securities Act for any reason at any
time while Registrable Securities are still outstanding, the Company shall use its commercially reasonable efforts to as promptly as is
reasonably practicable to cause such Initial Registration Statement to again become effective under the Securities Act or file a subsequent
Registration Statement registering the resale of all Registrable Securities (determined as of two (2) business days prior to such filing)
pursuant to any method or combination of methods legally available to the Company.

 

		(g)	For not more than ninety (90) consecutive days or for a total of not more than one-hundred twenty (120)
days, in each case, in any twelve (12) month period, the Company may suspend the filing, initial effectiveness or continued use of any
Registration Statement in respect of any registration contemplated by this Section 5 in the event that the Company determines in good
faith that such suspension is necessary to (A) delay the disclosure of material non-public information concerning the Company, the disclosure
of which at the time is not, in the good faith opinion of the Company, in the best interests of the Company; (B) amend or supplement the
affected Registration Statement or the related prospectus so that such Registration Statement or prospectus shall not include any misstatement;
or (C) require the inclusion in such Registration Statement of financial statements that are unavailable to the Company for reasons beyond
the Company’s control (each, an “Allowed Delay”); provided that the Company shall promptly (1) notify the Holder
in writing of the commencement of an Allowed Delay, but shall not (without the prior written consent of a Holder) disclose to such Holder
any material non-public information giving rise to an Allowed Delay, (2) advise the Holder in writing to cease all sales under such Registration
Statement until the end of the Allowed Delay (but not, for the avoidance of doubt, any sale pursuant to Rule 144 or other applicable exemption
under the Securities Act) and (3) use commercially reasonable efforts to terminate an Allowed Delay as promptly as reasonably practicable.

 

		(h)	In the event that any Holder holds Registrable Securities that are not registered for resale on a delayed
or continuous basis, the Company, upon request of a Holder, shall promptly use its commercially reasonable efforts to cause the resale
of such Registrable Securities to be covered by either, at the Company’s option, the Initial Registration Statement or a subsequent
Registration Statement and cause the same to become effective as soon as practicable after such filing and such Registration Statement
shall be subject to the terms hereof.

 

		(i)	The Company will pay all expenses associated with each Registration Statement, including filing and printing
fees, the fees and expenses of the Company’s counsel and accounting fees and expenses, costs associated with clearing the Registrable
Securities for sale under applicable state securities laws and listing fees, but excluding discounts, commissions, fees of underwriters,
selling brokers, dealer managers or similar securities industry professionals with respect to the Registrable Securities being sold.

 

		(j)	The Company agrees to indemnify and hold harmless the Holder, and each of its officers, employees, affiliates,
directors, partners, members, managers, equityholders, attorneys, advisors and agents, and each person or entity, if any, who controls
(within the meaning of Section 15 of the Securities Act or Section 20 of the Securities and Exchange Act of 1934, as amended (the “Exchange
Act”)) the Holder (each, a “Holder Indemnified Party”), to the fullest extent permitted by applicable law,
from and against any expenses, losses, judgments, actions, claims, proceedings (whether commenced or threatened), damages, liabilities
or costs (including, without limitation, reasonable attorneys’ fees) (collectively, “Losses”), as incurred, arising
out of or based upon any Misstatement contained in any Registration Statement under which the sale of such Registrable Securities was
registered under the Securities Act, any preliminary Prospectus, final Prospectus or summary Prospectus contained in such Registration
Statement, any amendment or supplement to such Registration Statement, preliminary Prospectus, final Prospectus or summary Prospectus,
or any free writing prospectus relating to such Registration Statement, or any violation by the Company of the Securities Act or any rule
or regulation promulgated thereunder applicable to the Company or any state securities (or Blue Sky) law, rule or regulation and relating
to action or inaction required of the Company in connection with any such registration; and the Company shall promptly reimburse the Holder
Indemnified Party for any reasonable, customary and documented out-of-pocket legal and
any other expenses reasonably incurred, as incurred, by such Holder Indemnified Party in connection with investigating and defending any
such Losses, except to the extent the Holder is liable to indemnify the Company for such Losses pursuant to Section 5(k) below; provided,
however, that the indemnity agreement contained in this Section 5(j) shall not apply to amounts paid in settlement of any claim or proceeding
if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld, and the Company will
not be liable in any such case to the extent that any such losses, judgments, claims, damages, liabilities or out-of-pocket expenses arises
out of or is based upon any Misstatement made in such Registration Statement in reliance upon and in conformity with information furnished
to the Company, in writing, by the applicable Holder Indemnified Party expressly for use therein.

 

     

     

    

 

		(k)	The Holder will, in the event that any registration of any Registrable Securities held by the Holder is
being effected under the Securities Act pursuant to this Agreement and the Company has required the Holder to provide such an undertaking
on the same terms, indemnify and hold harmless the Company, each of its directors and officers and each underwriter (if any), and each
other person, if any, who controls such underwriter within the meaning of the Securities Act, against any Losses, insofar as such Losses
arise out of or are based upon any Misstatement contained in any Registration Statement under which the sale of such Registrable Securities
was registered under the Securities Act, any preliminary Prospectus, final Prospectus or summary Prospectus contained in the Registration
Statement, or any amendment or supplement thereto, if the Misstatement was made (or not made, in the case of an omission) in reliance
upon and in conformity with information furnished in writing to the Company by or on behalf of such Holder expressly for use therein,
and shall reimburse the Company and its directors and officers for any reasonable, customary and documented out-of-pocket legal or other
expenses incurred by any of them in connection with investigation or defending any such Loss.

 

		6.	Transferability; Compliance with Securities Laws.

 

		(a)	This Warrant may not be transferred or assigned in whole or in part without compliance with all applicable
United States, state, and foreign securities laws by the transferor and transferee (including the delivery of investment representation
letters and legal opinions reasonably satisfactory to the Company, if requested by the Company). Subject to such restrictions, prior to
the Expiration Date, this Warrant and all rights hereunder are transferable by the Holder hereof, in whole or in part, at the office or
agency of the Company referred to in Section 1(b) above. Any such transfer shall be made in person or by the Holder’s duly authorized
attorney, upon surrender of this Warrant together with the Form of Transfer attached hereto properly endorsed.

 

		(b)	The Holder of this Warrant, by acceptance hereof, acknowledges that this Warrant and the Shares issuable
upon exercise hereof are being acquired solely for the Holder’s own account and not as a nominee for any other party, and for investment,
and that the Holder will not offer, sell, or otherwise dispose of this Warrant or any Shares to be issued upon exercise hereof except
under circumstances that will not result in a violation of the Securities Act or any state or foreign securities laws. Upon exercise of
this Warrant, the Holder shall, if reasonably requested by the Company and if required by applicable law or regulation, confirm in writing,
in a form satisfactory to the Company, that the Shares so purchased are being acquired solely for Holder’s own account and not as
a nominee for any other party, for investment, and not with a view toward distribution or resale.

 

		(c)	The Shares have not been registered under the Securities Act, and this Warrant may not be exercised except
by (1) the original purchaser of this Warrant from the Company or (2) an “accredited investor” as defined in Rule 501(a) under
the Securities Act. Each certificate representing Shares issued on exercise of this Warrant or other securities issued in respect of such
Shares upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event, shall be stamped or otherwise imprinted
with a legend substantially in the following form (in addition to any other legend required under applicable securities laws):

 

THE SHARES OF COMMON STOCK
EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY
APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS THERE IS AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS COVERING ANY SUCH TRANSACTION OR UNLESS THE COMPANY SHALL
HAVE RECEIVED AN OPINION OF ITS COUNSEL THAT REGISTRATION OF SUCH SHARES UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF
APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED.

 

     

     

    

 

		7.	Removal of Restrictive Legends. Neither this Warrant nor any certificates evidencing the Shares
or any other equity securities issuable or deliverable under or in connection with this Warrant shall contain any legend restricting the
transfer thereof in any of the following circumstances: (i) while a registration statement covering the sale or resale of the Shares
is effective under the Securities Act; (ii) following any sale of this Warrant, any of the Shares or any other equity securities
issued or delivered to the Holder under or in connection herewith pursuant to Rule 144; (iii) if this Warrant, the Shares or any
other equity securities are eligible for sale under Rule 144(b)(1); or (iv) if such legend is not required under applicable requirements
of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the Commission) (collectively, the “Unrestricted
Conditions”). If the Unrestricted Conditions are met at the time of the issuance of the Shares, the Company shall cause its
counsel, at its expense, to issue a legal opinion to the Transfer Agent, if required by such Transfer Agent to effect the issuance of
the Shares or any other shares of equity securities issuable or deliverable under or in connection with this Warrant, as applicable, without
a restrictive legend or removal of the legend hereunder. If the Unrestricted Conditions are met at the time of issuance of the Shares,
then the Shares shall be issued free of all legends.

 

		8.	Payment of Taxes. The Company will from time to time promptly pay all taxes and charges that may
be imposed in respect of the issuance or delivery of shares upon the exercise of Warrants, but the Company shall not be obligated to pay
any transfer taxes in respect of the Warrants or such shares.

 

		9.	Representations and Warranties. The Company represents and warrants to, and agrees with, the Holder
as follows:

 

		(a)	Due Organization. The Company is a corporation duly organized, validly existing, and in good standing
under the laws of the state of its formation and has all requisite corporate power and authority to carry on its business as now conducted.
The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would
have a material adverse effect on its business or properties.

 

		(b)	Authorization; Binding Obligation. This Warrant has been duly executed by the Company and constitutes
its legal, valid and binding obligation, enforceable against it in accordance with the terms of this Warrant. Except as may be limited
by applicable bankruptcy, insolvency, reorganization or similar laws relating to or affecting the enforcement of creditors’ rights,
all corporate action has been taken on the part of the Company, its officers, directors, and stockholders necessary for the authorization,
execution and delivery of this Warrant. The Company has taken all corporate action required to make all the obligations of the Company
reflected in the provisions of this Warrant the valid and enforceable obligations they purport to be. The issuance of this Warrant and
the Shares issuable upon exercise of this Warrant will not be subject to preemptive rights of any stockholders of the Company. No consent,
waiver, approval, authorization, exemption, registration, license or declaration is required to be made or obtained by the Company, other
than those which have been made or obtained, in connection with (i) the execution or enforceability of this Warrant or (ii) the
consummation of any of the transactions contemplated hereby, including the issuance of the Shares upon exercise of this Warrant.

 

		(c)	Compliance with Other Instruments. The authorization, execution and delivery of the Warrant will
not constitute or result in a default or violation of any law or regulation applicable to the Company or any term or provision of the
Company’s Certificate of Incorporation or bylaws, or any material agreement or instrument by which it is bound or to which its properties
or assets are subject.

 

     

     

    

 

		(d)	Valid Issuance. This Warrant, and all the Shares which may be issued upon the exercise of this
Warrant, and all securities, if any, issuable upon conversion of the Shares, shall, upon issuance, be duly authorized,validly issued, fully paid and non-assessable,
and free of any liens and encumbrances (including preemptive or similar rights) except for restrictions on transfer provided for (i) in
this Warrant, (ii) under applicable federal and state securities laws, or (iii) in the Company’s Certificate of Incorporation.
Based in part upon the representations and warranties of the Holder in this Warrant, this Warrant and all the Shares issuable upon exercise
of this Warrant will be issued in compliance with all applicable federal and state securities laws. The Company covenants that it shall
at all times cause to be reserved and kept available out of its authorized and unissued capital stock such number of the Shares
and other securities for which this Warrant may be exercisable or for which the Shares may be convertible as will be sufficient
to permit the exercise in full of this Warrant.

 

		(e)	Capitalization. The Company’s summary capitalization table attached hereto as Schedule
1 is true and complete, in all material respects, as of the Issuance Date. Except as described on Schedule 1, there are
no outstanding warrants, options, convertible securities or other rights, agreements or arrangements of any character (other than equity
grants promised to service providers in offer letters or similar agreements in the ordinary course of business, all of which grants will
be made from the existing pool that is reflected in the fully diluted capitalization of the Company shown on Schedule 1) under
which the Company and any of its subsidiaries is or may be obligated to issue any equity securities of any kind, and neither the Company
nor any of its subsidiaries is currently in negotiations for the issuance of any equity securities of any kind.

 

		(f)	No Violation; Registration. The Company shall take all such actions as may be necessary to ensure
that all the Shares are issued without violation by the Company of any applicable law or governmental regulation or any requirements of
any trading market or securities exchange upon which shares of the Company’s common stock or other securities constituting the Shares
may be listed at the time of such exercise (except for official notice of issuance which shall be immediately delivered by the Company
upon each such issuance). If the Unrestricted Conditions are satisfied at the time of exercise of this Warrant, the Company shall cause
the Shares, immediately upon such exercise, to be listed on any such trading market or securities exchange upon which shares of common
stock or other securities constituting the Shares are listed at the time of such exercise.

 

		10.	No Rights as a Stockholder; No Liability. Except as specifically set forth herein, this Warrant,
by itself, does not entitle the registered holder thereof to any of the rights of a stockholder of the Company, including, without limitation,
the right to receive dividends, or other distributions, exercise any preemptive rights to vote or to consent or to receive notice as stockholders
in respect of the meetings of stockholders or the election of directors of the Company or any other matter. No provision hereof, in the
absence of any affirmative action by the Holder to exercise this Warrant to purchase the Shares, and no enumeration herein of the rights
or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Shares or as a stockholder of
the Company, whether such liability is asserted by the Company or by creditors of the Company.

 

		11.	No Impairment.

 

		(a)	Notwithstanding anything herein to the contrary, nothing contained in this Warrant shall affect, limit
or impair the rights and remedies of the Holder or its affiliates (x) in their capacity as a lender, creditor, or similar, as applicable,
to the Company or any of its subsidiaries or affiliates, or (y) pursuant to any other agreements or instruments entered into by the
Holder (or its affiliates) and the Company or any of its subsidiaries or affiliates. Without limiting the generality of the foregoing,
neither the Administrative Agent (as defined in the Loan Agreement) nor any of its affiliates, in exercising their rights as lenders will
have any duty to consider (i) its (or its affiliates’) status as a direct or indirect shareholder of the Company and its subsidiaries,
(ii) its (or its affiliates’) direct or indirect ownership of the Shares of the Company or any of its subsidiaries, or (iii) any
duty it (or its affiliates) may have to any other direct or indirect shareholders of the Company and its subsidiaries, except as may be
required under the applicable loan documents.

 

     

     

    

 

		(b)	The Company shall not, by amendment of its Certificate of Incorporation or bylaws, through any shareholders,
voting or similar agreement, or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities,
or any other voluntary action, avoid or seek to avoid the observance or performance
of any of the terms to be observed or performed by it hereunder, but shall at all times in good faith assist in the carrying out of all
the provisions of this Warrant and in the taking of all such action as may reasonably be requested by the Holder in order to protect the
exercise rights of the Holder against dilution or other impairment, consistent with the tenor and purpose of this Warrant. Without
limiting the generality of the foregoing, the Company (x) will not increase the par value of any the Shares above the then-applicable
Warrant Price, (y) will take all such action as may be necessary or appropriate in order that the Company may validly and legally
issue fully paid and nonassessable Shares upon the exercise of this Warrant, and (z) will use commercially reasonable efforts to
obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof, as may be, necessary
to enable the Company to perform its obligations under this Warrant.

 

		12.	Effect of Headings. The section headings herein are for convenience only and are not part of this
Warrant and shall not affect the interpretation thereof.

 

		13.	Modification and Waiver. This Warrant and any provision hereof may be changed, waived,
discharged or terminated only by an instrument in writing signed by the party against which enforcement of the same is sought.

 

		14.	Notices. Any notice, request or other document required or permitted to be given or delivered to
the Holder or the Company shall be delivered through email, or shall be sent by certified or registered mail, postage prepaid, to the
Holder at its address as shown on the books of the Company or to the Company at the address indicated therefor in the first paragraph
of this Warrant.

 

		15.	Governing Law. This Warrant shall be construed and enforced in accordance with, and the rights
of the parties shall be governed by, the laws of the State of New York.

 

		16.	Nonwaiver and Expenses. No course of dealing or any delay or failure to exercise any right hereunder
on the part of the Holder shall operate as a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies
provided herein. If the Company willfully and knowingly fails to comply with any provision of this Warrant, which results in any material
damages to the Holder, the Company shall pay to the Holder such amounts as shall be sufficient to cover any costs and expenses including,
but not limited to, reasonable attorneys’ fees, including those of appellate proceedings, incurred by the Holder in collecting any
amounts due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies hereunder.

 

		17.	Successors and Assigns. Subject to applicable securities laws, this Warrant and the rights and
obligations evidenced hereby shall inure to the benefit of and be binding upon the successors and permitted assigns of the Company and
the successors and permitted assigns of the Holder. The provisions of this Warrant are intended to be for the benefit of the Holder from
time to time of this Warrant and shall be enforceable by the Holder or holder of the Shares.

 

     

     

    

 

IN WITNESS WHEREOF, the Company has caused this
Warrant to be executed by its duly authorized officer.

 

Dated:                    , 2022

 

	 	DRAGONFLY ENERGY HOLDINGS CORP.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title: 

 

[Signature Page to Penny Warrant]

 

     

     

    

 

Accepted and Acknowledged by:

 

[WARRANT HOLDER]

 

	By:	 	 

Name:

Title:

 

[Signature Page to Penny Warrant]

 

     

     

    

 

SCHEDULE 1

 

Fully Diluted Capitalization of the Company
as of the Issuance Date

 

     

     

    

 

NOTICE OF EXERCISE

 

To Be Executed by the Registered Holder in Order
to Exercise Warrants

 

 

The undersigned Registered
Holder irrevocably elects to exercise ______________ Warrants represented by this Warrant Certificate, and to purchase the Shares issuable
upon the exercise of such Warrants, and requests that Certificates for such shares shall be issued in the name of

	 	 
	 	 
	 	 
	 	 

 

(PLEASE TYPE OR PRINT NAME AND ADDRESS)

	 	 

 

(SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)

 

	and be delivered to	 	 

 

               (PLEASE
PRINT OR TYPE NAME AND ADDRESS)

 

and, if such number of Warrants shall not be all
the Warrants evidenced by this Warrant Certificate, that a new Warrant Certificate for the balance of such Warrants be registered in the
name of, and delivered to, the Registered Holder at the address stated below:

 

Dated: _________________

 

	 	(SIGNATURE)
	 	 
	 	(ADDRESS)
	 	 
	 	(tax
identification number)
	 	 
	 	(EMAIL
ADDRESS

 

     

     

    

 

NOTICE OF EXERCISE

 

To Be Executed by the Registered Holder in Order
to Exercise Warrants

 

The undersigned Registered
Holder irrevocably elects to exercise ______________ Warrants represented by this Warrant Certificate, and to purchase the Shares issuable
upon the exercise of such Warrants, using the Cashless Exercise method, resulting in the issuance of ______ Shares to the undersigned.

 

The undersigned has calculated the number of
Shares to be issued to it in accordance with the following formula set forth in Section 1(d) of the Warrant:

 

X = Y[(A - B)/A]

 

X = the number of Shares to be issued to the Holder

Y = the number of Shares with respect to which this Warrant
is being exercised

A = the Fair Market Value of one Share

B = the Warrant Price

 

Where the Fair Market Value of one Share is $[__],
being the [average closing price or last sale price of the Shares reported for the five (5) business days prior to the applicable date
of determination][last sale price of the Shares for the business day immediately prior to the applicable date of determination]

 

The undersigned requests that Certificates for
such shares shall be issued in the name of

 

[WARRANT HOLDER]

	 	 

 

and be delivered to

	 	 

             (PLEASE
PRINT OR TYPE NAME AND ADDRESS)

 

and, if such number of Warrants shall not be all
the Warrants evidenced by this Warrant Certificate, that a new Warrant Certificate for the balance of such Warrants be registered in the
name of, and delivered to, the Registered Holder at the address stated below.

 

Dated: _________________

	 	[WARRANT HOLDER]
	 	 	 
	 	By:	 
	 	Name:
	 	Title: 

 

	 	(ADDRESS AND EMAIL)
	 	 
	 	(tax
identification number)

 

     

     

    

 

FORM OF TRANSFER

 

To Be Executed by the Registered Holder in Order
to Transfer Warrants

 

 

For Value Received, _______________________ hereby sell, assign, and
transfer unto

	 	 

 

(PLEASE TYPE OR PRINT NAME AND ADDRESS)

	 	 

 

	 	 

 

(SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)

 

	and be delivered to	 	 

 

(PLEASE PRINT OR TYPE NAME AND ADDRESS)

 

______________________ of the Warrants represented
by this Warrant Certificate, and hereby irrevocably constitute and appoint _________________________________ Attorney to transfer this
Warrant Certificate on the books of the Company, with full power of substitution in the premises.

 

Dated: ______________ 

 

	 	(Signature)

 

The signature
to the assignment of the Subscription Form must correspond to the name written upon the face of this Warrant Certificate in every particular,
without alteration or enlargement or any change whatsoever, and must be guaranteed by a commercial bank or trust company or a member firm
of the NYSE American, Nasdaq, New York Stock Exchange, Pacific Stock Exchange, or Chicago Stock Exchange.Exhibit 10.5

 

DRAGONFLY ENERGY
HOLDINGS CORP. 

2022 EQUITY INCENTIVE
PLAN

 

	1.	PURPOSE
                                            OF PLAN

 

The purpose
of this Dragonfly Energy Holdings Corp. 2022 Equity Incentive Plan (this “Plan”) of Dragonfly Energy Holdings Corp.,
a Delaware corporation (the “Corporation”), is to promote the success of the Corporation by providing an additional
means through the grant of awards to attract, motivate, retain and reward selected employees and other eligible persons and to enhance
the alignment of the interests of the selected participants with the interests of the Corporation’s stockholders.

 

	2.	ELIGIBILITY

 

The Administrator
(as such term is defined in Section 3.1) may grant awards under this Plan only to those persons that the Administrator determines
to be Eligible Persons. An “Eligible Person” is any person who is either: (a) an officer (whether or not a director)
or employee of the Corporation or one of its Subsidiaries; (b) a director of the Corporation or one of its Subsidiaries; or (c) an
individual consultant or advisor who renders or has rendered bona fide services (other than services in connection with the offering
or sale of securities of the Corporation or one of its Subsidiaries in a capital-raising transaction or as a market maker or promoter
of securities of the Corporation or one of its Subsidiaries) to the Corporation or one of its Subsidiaries and who is selected to participate
in this Plan by the Administrator; provided, however, that a person who is otherwise an Eligible Person under clause (c) above may
participate in this Plan only if such participation would not adversely affect either the Corporation’s eligibility to use Form S-8
to register under the Securities Act of 1933, as amended (the “Securities Act”), the offering and sale of shares issuable
under this Plan by the Corporation or the Corporation’s compliance with any other applicable laws. An Eligible Person who has been
granted an award (a “Participant”) may, if otherwise eligible, be granted additional awards if the Administrator shall
so determine. As used herein, “Subsidiary” means any corporation or other entity a majority of whose outstanding voting
stock or voting power is beneficially owned directly or indirectly by the Corporation; and “Board” means the Board
of Directors of the Corporation.

 

	3.	PLAN
                                            ADMINISTRATION

 

		3.1	The
                                            Administrator. This Plan shall be administered by and all awards under this Plan
                                            shall be authorized by the Administrator. The “Administrator” means the
                                            Board or one or more committees (or subcommittees, as the case may be) appointed by the Board
                                            or another committee (within its delegated authority) to administer all or certain aspects
                                            of this Plan. Any such committee shall be comprised solely of one or more directors or such
                                            number of directors as may be required under applicable law. A committee may delegate some
                                            or all of its authority to another committee so constituted. The Board or a committee comprised
                                            solely of directors may also delegate, to the extent permitted by applicable law, to one
                                            or more officers of the Corporation, its authority under this Plan. The Board or another
                                            committee (within its delegated authority) may delegate different levels of authority to
                                            different committees or persons with administrative and grant authority under this Plan.
                                            Unless otherwise provided in the Bylaws of the Corporation or the applicable charter of any
                                            Administrator: (a) a majority of the members of the acting Administrator shall constitute
                                            a quorum, and (b) the vote of a majority of the members present assuming the presence
                                            of a quorum or the unanimous written consent of the members of the Administrator shall constitute
                                            action by the acting Administrator. Award grants, and transactions in or involving awards,
                                            intended to be exempt under Rule 16b-3 under the Securities Exchange Act of 1934, as
                                            amended (the “Exchange Act”), must be duly and timely authorized by the
                                            Board or a committee consisting solely of two or more non-employee directors (as this requirement
                                            is applied under Rule 16b-3 promulgated under the Exchange Act). To the extent required
                                            by any applicable listing agency, this Plan shall be administered by a committee composed
                                            entirely of independent directors (within the meaning of the applicable listing agency).

 

    1 

     

    

 

		3.2	Powers
                                            of the Administrator. Subject to the express provisions of this Plan, the Administrator
                                            is authorized and empowered to do all things necessary or desirable in connection with the
                                            authorization of awards and the administration of this Plan (in the case of a committee or
                                            delegation to one or more officers, within any express limits on the authority delegated
                                            to that committee or person(s)), including, without limitation, the authority to:

 

		(a)	determine
                                            eligibility and, from among those persons determined to be eligible, determine the particular
                                            Eligible Persons who will receive an award under this Plan;

 

		(b)	grant
                                            awards to Eligible Persons, determine the price (if any) at which securities will be offered
                                            or awarded and the number of securities to be offered or awarded to any of such persons (in
                                            the case of securities-based awards), determine the other specific terms and conditions of
                                            awards consistent with the express limits of this Plan, establish the installment(s) (if
                                            any) in which such awards shall become exercisable or shall vest (which may include, without
                                            limitation, performance and/or time-based schedules), or determine that no delayed exercisability
                                            or vesting is required, establish any applicable performance-based exercisability or vesting
                                            requirements, determine the circumstances in which any performance-based goals (or the applicable
                                            measure of performance) will be adjusted and the nature and impact of any such adjustment,
                                            determine the extent (if any) to which any applicable exercise and vesting requirements have
                                            been satisfied, establish the events (if any) on which exercisability or vesting may accelerate
                                            (which may include, without limitation, retirement and other specified terminations of employment
                                            or services, or other circumstances), and establish the events (if any) of termination, expiration
                                            or reversion of such awards;

 

		(c)	approve
                                            the forms of any Award Agreements (which need not be identical either as to type of award
                                            or among Participants);

 

		(d)	construe
                                            and interpret this Plan and any agreements defining the rights and obligations of the Corporation,
                                            its Subsidiaries, and Participants under this Plan, make any and all determinations under
                                            this Plan and any such agreements, further define the terms used in this Plan, and prescribe,
                                            amend and rescind rules and regulations relating to the administration of this Plan
                                            or the awards granted under this Plan;

 

    2 

     

    

 

		(e)	cancel,
                                            modify, or waive the Corporation’s rights with respect to, or modify, discontinue,
                                            suspend, or terminate any or all outstanding awards, subject to any required consent under
                                            Section 8.6.5;

 

		(f)	accelerate,
                                            waive or extend the vesting or exercisability, or modify or extend the term of, any or all
                                            such outstanding awards (in the case of options or stock appreciation rights, within the
                                            maximum term of such awards) in such circumstances as the Administrator may deem appropriate
                                            (including, without limitation, in connection with a retirement or other termination of employment
                                            or services, or other circumstances) subject to any required consent under Section 8.6.5;

 

		(g)	adjust
                                            the number of shares of Common Stock subject to any award, adjust the price of any or all
                                            outstanding awards or otherwise waive or change previously imposed terms and conditions,
                                            in such circumstances as the Administrator may deem appropriate, in each case subject to
                                            Sections 4 and 8.6 (and subject to the no repricing provision below);

 

		(h)	determine
                                            the date of grant of an award, which may be a designated date after but not before the date
                                            of the Administrator’s action to approve the award (unless otherwise designated by
                                            the Administrator, the date of grant of an award shall be the date upon which the Administrator
                                            took the action approving the award);

 

		(i)	determine
                                            whether, and the extent to which, adjustments are required pursuant to Section 7.1 hereof
                                            and take any other actions contemplated by Section 7 in connection with the occurrence
                                            of an event of the type described in Section 7;

 

		(j)	acquire
                                            or settle (subject to Sections 7 and 8.6) rights under awards in cash, stock of equivalent
                                            value, or other consideration (subject to the no repricing provision below); and

 

		(k)	determine
                                            the Fair Market Value of the Common Stock or awards under this Plan from time to time and/or
                                            the manner in which such value will be determined.

 

		3.3	Prohibition
                                            on Repricing. Notwithstanding anything to the contrary in Section 3.2 and except
                                            for an adjustment pursuant to Section 7.1 or a repricing approved by stockholders, in
                                            no case may the Administrator (1) amend an outstanding stock option or SAR to reduce
                                            the exercise price or base price of the award, (2) cancel, exchange, or surrender an
                                            outstanding stock option or SAR in exchange for cash or other awards for the purpose of repricing
                                            the award, or (3) cancel, exchange, or surrender an outstanding stock option or SAR
                                            in exchange for an option or SAR with an exercise or base price that is less than the exercise
                                            or base price of the original award.

 

    3 

     

    

 

		3.4	Binding
                                            Determinations. Any determination or other action taken by, or inaction of, the Corporation,
                                            any Subsidiary, or the Administrator relating or pursuant to this Plan (or any award made
                                            under this Plan) and within its authority hereunder or under applicable law shall be within
                                            the absolute discretion of that entity or body and shall be conclusive and binding upon all
                                            persons. Neither the Board nor any other Administrator, nor any member thereof or person
                                            acting at the direction thereof, shall be liable for any act, omission, interpretation, construction
                                            or determination made in good faith in connection with this Plan (or any award made under
                                            this Plan), and all such persons shall be entitled to indemnification and reimbursement by
                                            the Corporation in respect of any claim, loss, damage or expense (including, without limitation,
                                            attorneys’ fees) arising or resulting therefrom to the fullest extent permitted by
                                            law and/or under any directors and officers liability insurance coverage that may be in effect
                                            from time to time. Neither the Board nor any other Administrator, nor any member thereof
                                            or person acting at the direction thereof, nor the Corporation or any of its Subsidiaries,
                                            shall be liable for any damages of a Participant should an option intended as an ISO (as
                                            defined below) fail to meet the requirements of the Internal Revenue Code of 1986, as amended
                                            (the “Code”), applicable to ISOs, should any other award(s) fail
                                            to qualify for any intended tax treatment, should any award grant or other action with respect
                                            thereto not satisfy Rule 16b-3 promulgated under the Exchange Act, or otherwise for
                                            any tax or other liability imposed on a Participant with respect to an award.

 

		3.5	Reliance
                                            on Experts. In making any determination or in taking or not taking any action under
                                            this Plan, the Administrator may obtain and may rely upon the advice of experts, including
                                            employees and professional advisors to the Corporation. No director, officer or agent of
                                            the Corporation or any of its Subsidiaries shall be liable for any such action or determination
                                            taken or made or omitted in good faith.

 

		3.6	Delegation.
                                            The Administrator may delegate ministerial, non-discretionary functions to individuals who
                                            are officers or employees of the Corporation or any of its Subsidiaries or to third parties.

 

	4.	SHARES
                                            OF COMMON STOCK SUBJECT TO THE PLAN; SHARE LIMITS

 

		4.1	Shares
                                            Available. Subject to the provisions of Section 7.1, the capital stock that
                                            may be delivered under this Plan shall be shares of the Corporation’s authorized but
                                            unissued Common Stock and any shares of its Common Stock held as treasury shares. For purposes
                                            of this Plan, “Common Stock” shall mean the common stock of the Corporation
                                            and such other securities or property as may become the subject of awards under this Plan,
                                            or may become subject to such awards, pursuant to an adjustment made under Section 7.1.

 

    4 

     

    

 

		4.2	Aggregate
                                            Share Limit. The maximum number of shares of Common Stock that may be delivered pursuant
                                            to awards granted to Eligible Persons under this Plan (the “Share Limit”)
                                            is equal to the sum of the following:

 

		(1)	2,785,950
                                            shares of Common Stock, plus

 

		(2)	the
                                            number of any shares subject to stock options granted under the Dragonfly Energy, Inc.
                                            2019 Stock Incentive Plan or the Dragonfly Energy, Inc. 2021 Stock Incentive Plan (the
                                            “Prior Plans”) and outstanding on the date of stockholder approval of
                                            this Plan (the “Stockholder Approval Date”) which expire, or for any reason
                                            are cancelled or terminated, after the Stockholder Approval Date without being exercised,
                                            plus

 

		(3)	the
                                            number of any shares subject to restricted stock awards granted under the Prior Plans that
                                            are outstanding and unvested on the Stockholder Approval Date that are forfeited, terminated,
                                            cancelled or otherwise reacquired by the Corporation without having become vested.

 

In addition,
the Share Limit shall automatically increase on the first trading day in January of each calendar year during the term of this Plan,
with the first such increase to occur in January 2023, by an amount equal to the lesser of (i) four percent (4%) of the total
number of shares of Common Stock issued and outstanding on December 31 of the immediately preceding calendar year or (ii) such
number of shares of Common Stock as may be established by the Board.

 

		4.3	Additional
                                            Share Limits. The following limits also apply with respect to awards granted under
                                            this Plan. These limits are in addition to, not in lieu of, the aggregate Share Limit in
                                            Section 4.2.

 

		(a)	The
                                            maximum number of shares of Common Stock that may be delivered pursuant to options qualified
                                            as incentive stock options granted under this Plan is 6,571,800 shares.

 

		(b)	Awards
                                            that are granted under this Plan during any one calendar year to any person who, on the grant
                                            date of the award, is a non-employee director are subject to the limits of this Section 4.3(b).
                                            The maximum number of shares of Common Stock subject to those awards that are granted under
                                            this Plan during any one calendar year to an individual who, on the grant date of the award,
                                            is a non-employee director is the number of shares that produce a grant date fair value for
                                            the award that, when combined with (i) the grant date fair value of any other awards
                                            granted under this Plan during that same calendar year to that individual in his or her capacity
                                            as a non-employee director and (ii) the dollar amount of all other cash compensation
                                            payable by the Corporation to such non-employee director for his or her services in such
                                            capacity during that same calendar year (regardless of whether deferred and excluding any
                                            interest or earnings on any portion of such amount that may be deferred), is $500,000. For
                                            purposes of this Section 4.3(b), a “non-employee director” is an individual
                                            who, on the grant date of the award, is a member of the Board who is not then an officer
                                            or employee of the Corporation or one of its Subsidiaries. For purposes of this Section 4.3(b),
                                            “grant date fair value” means the value of the award as of the date of grant
                                            of the award and as determined using the equity award valuation principles applied in the
                                            Corporation’s financial reporting. The limits of this Section 4.3(b) do not
                                            apply to, and shall be determined without taking into account, any award granted to an individual
                                            who, on the grant date of the award, is an officer or employee of the Corporation or one
                                            of its Subsidiaries. The limits of this Section 4.3(b) apply on an individual basis
                                            and not on an aggregate basis to all non-employee directors as a group.

 

    5 

     

    

 

		4.4	Share-Limit
                                            Counting Rules. The Share Limit shall be subject to the following provisions of this
                                            Section 4.4:

 

		(a)	Shares
                                            that are subject to or underlie awards granted under this Plan which expire or for any reason
                                            are cancelled or terminated, are forfeited, fail to vest, or for any other reason are not
                                            paid or delivered under this Plan shall not be counted against the Share Limit and shall
                                            be available for subsequent awards under this Plan.

 

		(b)	Except
                                            as provided below, to the extent that shares of Common Stock are delivered pursuant to the
                                            exercise of a stock appreciation right granted under this Plan, the number of underlying
                                            shares which are actually issued in payment of the award shall be counted against the Share
                                            Limit. (For purposes of clarity, if a stock appreciation right relates to 100,000 shares
                                            and is exercised in full at a time when the payment due to the Participant is 15,000 shares,
                                            15,000 shares shall be counted against the Share Limit with respect to such exercise and
                                            the 85,000 shares not issued shall not be counted against the Share Limit and shall be available
                                            for subsequent awards under this Plan.)

 

		(c)	Shares
                                            that are exchanged by a Participant or withheld by the Corporation as full or partial payment
                                            in connection with any award granted under this Plan, as well as any shares exchanged by
                                            a Participant or withheld by the Corporation or one of its Subsidiaries to satisfy the tax
                                            withholding obligations related to any award granted under this Plan, shall be counted against
                                            the Share Limit and shall not be available for subsequent awards under this Plan. For clarity,
                                            shares that are exchanged by a Participant or withheld by the Corporation as full or partial
                                            payment in connection with any award granted under a Prior Plan, as well as any shares exchanged
                                            by a Participant or withheld by the Corporation or one of its Subsidiaries to satisfy the
                                            tax withholding obligations related to any award granted under a Prior Plan, shall not be
                                            available for awards under this Plan.

 

		(d)	To
                                            the extent that an award granted under this Plan is settled in cash or a form other than
                                            shares of Common Stock, the shares that would have been delivered had there been no such
                                            cash or other settlement shall not be counted against the Share Limit and shall be available
                                            for subsequent awards under this Plan.

 

    6 

     

    

 

		(e)	In
                                            the event that shares of Common Stock are delivered in respect of a dividend equivalent right
                                            granted under this Plan, the number of shares delivered with respect to the award shall be
                                            counted against the Share Limit. (For purposes of clarity, if 1,000 dividend equivalent rights
                                            are granted and outstanding when the Corporation pays a dividend, and 50 shares are delivered
                                            in payment of those rights with respect to that dividend, 50 shares shall be counted against
                                            the Share Limit). Except as otherwise provided by the Administrator, shares delivered in
                                            respect of dividend equivalent rights shall not count against any individual award limit
                                            under this Plan other than the aggregate Share Limit.

 

		(f)	The
                                            Corporation may not increase the Share Limit by repurchasing shares of Common Stock on the
                                            market (by using cash received through the exercise of stock options or otherwise).

 

Refer to
Section 8.10 for application of the share limits of this Plan, including the limits in Sections 4.2 and 4.3, with respect to assumed
awards. Each of the numerical limits and references in Sections 4.2 and 4.3, and in this Section 4.4, is subject to adjustment as
contemplated by Sections 7 and 8.10.

 

		4.5	No
                                            Fractional Shares; Minimum Issue. Unless otherwise expressly provided by the Administrator,
                                            no fractional shares shall be delivered under this Plan. The Administrator may pay cash in
                                            lieu of any fractional shares in settlements of awards under this Plan. The Administrator
                                            may from time to time impose a limit (of not greater than 100 shares) on the minimum number
                                            of shares that may be purchased or exercised as to awards (or any particular award) granted
                                            under this Plan unless (as to any particular award) the total number purchased or exercised
                                            is the total number at the time available for purchase or exercise under the award.

 

	5.	AWARDS

 

		5.1	Type
                                            and Form of Awards. The Administrator shall determine the type or types of award(s) to
                                            be made to each selected Eligible Person. Awards may be granted singly, in combination or
                                            in tandem. Awards also may be made in combination or in tandem with, in replacement of, as
                                            alternatives to, or as the payment form for grants or rights under any other employee or
                                            compensation plan of the Corporation or one of its Subsidiaries. The types of awards that
                                            may be granted under this Plan are:

 

5.1.1       Stock
Options. A stock option is the grant of a right to purchase a specified number of shares of Common Stock during a specified period
as determined by the Administrator. An option may be intended as an incentive stock option within the meaning of Section 422 of
the Code (an “ISO”) or a nonqualified stock option (an option not intended to be an ISO). The agreement evidencing
the grant of an option will indicate if the option is intended as an ISO; otherwise it will be deemed to be a nonqualified stock option.
The maximum term of each option (ISO or nonqualified) shall be ten (10) years. The per share exercise price for each option shall
be not less than 100% of the Fair Market Value of a share of Common Stock on the date of grant of the option. When an option is exercised,
the exercise price for the shares to be purchased shall be paid in full in cash or such other method permitted by the Administrator consistent
with Section 5.4.

 

    7 

     

    

 

5.1.2       Additional
Rules Applicable to ISOs. To the extent that the aggregate Fair Market Value (determined at the time of grant of the applicable
option) of stock with respect to which ISOs first become exercisable by a Participant in any calendar year exceeds $100,000, taking into
account both Common Stock subject to ISOs under this Plan and stock subject to ISOs under all other plans of the Corporation or one of
its Subsidiaries (or any parent or predecessor corporation to the extent required by and within the meaning of Section 422 of the
Code and the regulations promulgated thereunder), such options shall be treated as nonqualified stock options. In reducing the number
of options treated as ISOs to meet the $100,000 limit, the most recently granted options shall be reduced first. To the extent a reduction
of simultaneously granted options is necessary to meet the $100,000 limit, the Administrator may, in the manner and to the extent permitted
by law, designate which shares of Common Stock are to be treated as shares acquired pursuant to the exercise of an ISO. ISOs may only
be granted to employees of the Corporation or one of its subsidiaries (for this purpose, the term “subsidiary” is used as
defined in Section 424(f) of the Code, which generally requires an unbroken chain of ownership of at least 50% of the total
combined voting power of all classes of stock of each subsidiary in the chain beginning with the Corporation and ending with the subsidiary
in question). No ISO may be granted to any person who, at the time the option is granted, owns (or is deemed to own under Section 424(d) of
the Code) shares of outstanding Common Stock possessing more than 10% of the total combined voting power of all classes of stock of the
Corporation, unless the exercise price of such option is at least 110% of the Fair Market Value of the stock subject to the option and
such option by its terms is not exercisable after the expiration of five years from the date such option is granted. If an otherwise-intended
ISO fails to meet the applicable requirements of Section 422 of the Code, the option shall be a nonqualified stock option.

 

5.1.3       Stock
Appreciation Rights. A stock appreciation right or “SAR” is a right to receive a payment, in cash and/or Common
Stock, equal to the excess of the Fair Market Value of a specified number of shares of Common Stock on the date the SAR is exercised
over the “base price” of the award, which base price shall be set forth in the applicable Award Agreement and shall
be not less than 100% of the Fair Market Value of a share of Common Stock on the date of grant of the SAR. The maximum term of a SAR
shall be ten (10) years.

 

5.1.4       Other
Awards; Dividend Equivalent Rights. The other types of awards that may be granted under this Plan include: (a) stock bonuses,
restricted stock, performance stock, stock units, restricted stock units, deferred shares, phantom stock or similar rights to purchase
or acquire shares, whether at a fixed or variable price (or no price) or fixed or variable ratio related to the Common Stock, and any
of which may (but need not) be fully vested at grant or vest upon the passage of time, the occurrence of one or more events, the satisfaction
of performance criteria or other conditions, or any combination thereof; or (b) cash awards. The types of cash awards that may be
granted under this Plan include the opportunity to receive a payment for the achievement of one or more goals established by the Administrator,
on such terms as the Administrator may provide, as well as discretionary cash awards. Dividend equivalent rights may be granted as a
separate award or in connection with another award under this Plan; provided, however, that dividend equivalent rights may not be granted
as to a stock option or SAR granted under this Plan. In addition, any dividends and/or dividend equivalents as to the portion of an award
that is subject to unsatisfied vesting requirements will be subject to termination and forfeiture to the same extent as the corresponding
portion of the award to which they relate in the event the applicable vesting requirements are not satisfied.

 

    8 

     

    

 

		5.2	Award
                                            Agreements. Each award shall be evidenced by a written or electronic award agreement
                                            or notice in a form approved by the Administrator (an “Award Agreement”),
                                            and, in each case and if required by the Administrator, executed or otherwise electronically
                                            accepted by the recipient of the award in such form and manner as the Administrator may require.

 

		5.3	Deferrals
                                            and Settlements. Payment of awards may be in the form of cash, Common Stock, other
                                            awards or combinations thereof as the Administrator shall determine, and with such restrictions
                                            (if any) as it may impose. The Administrator may also require or permit Participants to elect
                                            to defer the issuance of shares or the settlement of awards in cash under such rules and
                                            procedures as it may establish under this Plan. The Administrator may also provide that deferred
                                            settlements include the payment or crediting of interest or other earnings on the deferral
                                            amounts, or the payment or crediting of dividend equivalents where the deferred amounts are
                                            denominated in shares.

 

		5.4	Consideration
                                            for Common Stock or Awards. The purchase price (if any) for any award granted under
                                            this Plan or the Common Stock to be delivered pursuant to an award, as applicable, may be
                                            paid by means of any lawful consideration as determined by the Administrator, including,
                                            without limitation, one or a combination of the following methods:

 

		(a)	services
                                            rendered by the recipient of such award;

 

		(b)	cash,
                                            check payable to the order of the Corporation, or electronic funds transfer;

 

		(c)	notice
                                            and third party payment in such manner as may be authorized by the Administrator;

 

		(d)	the
                                            delivery of previously owned shares of Common Stock;

 

		(e)	by
                                            a reduction in the number of shares otherwise deliverable pursuant to the award; or

 

		(f)	subject
                                            to such procedures as the Administrator may adopt, pursuant to a “cashless exercise”
                                            with a third party who provides financing for the purposes of (or who otherwise facilitates)
                                            the purchase or exercise of awards.

 

In no event
shall any shares newly-issued by the Corporation be issued for less than the minimum lawful consideration for such shares or for consideration
other than consideration permitted by applicable state law. Shares of Common Stock used to satisfy the exercise price of an option shall
be valued at their Fair Market Value. The Corporation will not be obligated to deliver any shares unless and until it receives full payment
of the exercise or purchase price therefor and any related withholding obligations under Section 8.5 and any other conditions to
exercise or purchase have been satisfied. Unless otherwise expressly provided in the applicable Award Agreement, the Administrator may
at any time eliminate or limit a Participant’s ability to pay any purchase or exercise price of any award or shares by any method
other than cash payment to the Corporation.

 

    9 

     

    

 

		5.5	Definition
                                            of Fair Market Value. For purposes of this Plan, “Fair Market Value”
                                            shall mean, unless otherwise determined or provided by the Administrator in the circumstances,
                                            the closing price (in regular trading) for a share of Common Stock on the principal securities
                                            exchange on which the Common Stock is listed or admitted to trade (the “Exchange”)
                                            for the date in question or, if no sales of Common Stock were reported on the Exchange on
                                            that date, the closing price (in regular trading) for a share of Common Stock on the Exchange
                                            on the last day preceding the date in question on which sales of Common Stock were reported
                                            on the Exchange. The Administrator may, however, provide with respect to one or more awards
                                            that the Fair Market Value shall equal the closing price (in regular trading) for a share
                                            of Common Stock on the Exchange on the last trading day preceding the date in question or
                                            the average of the high and low trading prices of a share of Common Stock on the Exchange
                                            for the date in question or the most recent trading day. If the Common Stock is no longer
                                            listed or is no longer actively traded on an established securities exchange as of the applicable
                                            date, the Fair Market Value of the Common Stock shall be the value as reasonably determined
                                            by the Administrator for purposes of the award in the circumstances. The Administrator also
                                            may adopt a different methodology for determining Fair Market Value with respect to one or
                                            more awards if a different methodology is necessary or advisable to secure any intended favorable
                                            tax, legal or other treatment for the particular award(s) (for example, and without
                                            limitation, the Administrator may provide that Fair Market Value for purposes of one or more
                                            awards will be based on an average of closing prices (or the average of high and low daily
                                            trading prices) for a specified period preceding the relevant date).

 

		5.6	Transfer
                                            Restrictions.

 

5.6.1       Limitations
on Exercise and Transfer. Unless otherwise expressly provided in (or pursuant to) this Section 5.6 or required by applicable
law: (a) all awards are non-transferable and shall not be subject in any manner to sale, transfer, anticipation, alienation, assignment,
pledge, encumbrance or charge; (b) awards shall be exercised only by the Participant; and (c) amounts payable or shares issuable
pursuant to any award shall be delivered only to (or for the account of) the Participant.

 

    10 

     

    

 

5.6.2       Exceptions.
The Administrator may permit awards to be exercised by and paid to, or otherwise transferred to, other persons or entities pursuant to
such conditions and procedures, including limitations on subsequent transfers, as the Administrator may, in its sole discretion, establish
in writing. Any permitted transfer shall be subject to compliance with applicable federal and state securities laws and shall not be
for value (other than nominal consideration, settlement of marital property rights, or for interests in an entity in which more than
50% of the voting interests are held by the Eligible Person or by the Eligible Person’s family members).

 

5.6.3       Further
Exceptions to Limits on Transfer. The exercise and transfer restrictions in Section 5.6.1 shall not apply to:

 

		(a)	transfers
                                            to the Corporation (for example, in connection with the expiration or termination of the
                                            award);

 

		(b)	the
                                            designation of a beneficiary to receive benefits in the event of the Participant’s
                                            death or, if the Participant has died, transfers to or exercise by the Participant’s
                                            beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or
                                            the laws of descent and distribution;

 

		(c)	subject
                                            to any applicable limitations on ISOs, transfers to a family member (or former family member)
                                            pursuant to a domestic relations order if received by the Administrator;

 

		(d)	if
                                            the Participant has suffered a disability, permitted transfers or exercises on behalf of
                                            the Participant by his or her legal representative; or

 

		(e)	the
                                            authorization by the Administrator of “cashless exercise” procedures with third
                                            parties who provide financing for the purpose of (or who otherwise facilitate) the exercise
                                            of awards consistent with applicable laws and any limitations imposed by the Administrator.

 

		5.7	International
                                            Awards. One or more awards may be granted to Eligible Persons who provide services
                                            to the Corporation or one of its Subsidiaries outside of the United States. Any awards granted
                                            to such persons may be granted pursuant to the terms and conditions of any applicable sub-plans,
                                            if any, appended to this Plan and approved by the Administrator from time to time. The awards
                                            so granted need not comply with the specific terms of this Plan to the extent the Committee
                                            determines other terms are necessary or desirable to satisfy securities, tax and other applicable
                                            laws of the jurisdictions relevant to such awards, provided that stockholder approval of
                                            any deviation from the specific terms of this Plan is not required by applicable law or any
                                            applicable listing agency.

 

	6.	EFFECT
                                            OF TERMINATION OF EMPLOYMENT OR SERVICE ON AWARDS

 

		6.1	General.
                                            The Administrator shall establish the effect (if any) of a termination of employment or service
                                            on the rights and benefits under each award under this Plan and in so doing may make distinctions
                                            based upon, inter alia, the cause of termination and type of award. If the Participant is
                                            not an employee of the Corporation or one of its Subsidiaries, is not a member of the Board,
                                            and provides other services to the Corporation or one of its Subsidiaries, the Administrator
                                            shall be the sole judge for purposes of this Plan (unless a contract or the award otherwise
                                            provides) of whether the Participant continues to render services to the Corporation or one
                                            of its Subsidiaries and the date, if any, upon which such services shall be deemed to have
                                            terminated.

 

    11 

     

    

 

		6.2	Events
                                            Not Deemed Terminations of Employment. Unless the express policy of the Corporation
                                            or one of its Subsidiaries, or the Administrator, otherwise provides, or except as otherwise
                                            required by applicable law, the employment relationship shall not be considered terminated
                                            in the case of: (a) medical leave, (b) military leave, or (c) any other leave
                                            of absence authorized by the Corporation or one of its Subsidiaries, or the Administrator;
                                            provided that, unless reemployment upon the expiration of such leave is guaranteed by contract
                                            or law or the Administrator otherwise provides, such leave is for a period of not more than
                                            three months. In the case of any employee of the Corporation or one of its Subsidiaries on
                                            an approved leave of absence, continued vesting of the award while on leave from the employ
                                            of the Corporation or one of its Subsidiaries may be suspended until the employee returns
                                            to service, unless the Administrator otherwise provides or applicable law otherwise requires.
                                            In no event shall an award be exercised after the expiration of any applicable maximum term
                                            of the award.

 

		6.3	Effect
                                            of Change of Subsidiary Status. For purposes of this Plan and any award, if an entity
                                            ceases to be a Subsidiary of the Corporation a termination of employment or service shall
                                            be deemed to have occurred with respect to each Eligible Person in respect of such Subsidiary
                                            who does not continue as an Eligible Person in respect of the Corporation or another Subsidiary
                                            that continues as such after giving effect to the transaction or other event giving rise
                                            to the change in status unless the Subsidiary that is sold, spun-off or otherwise divested
                                            (or its successor or a direct or indirect parent of such Subsidiary or successor) assumes
                                            the Eligible Person’s award(s) in connection with such transaction.

 

	7.	ADJUSTMENTS;
                                            ACCELERATION

 

		7.1	Adjustments.

 

		(a)	Subject
                                            to Section 7.2, upon (or, as may be necessary to effect the adjustment, immediately
                                            prior to): any reclassification, recapitalization, stock split (including a stock split in
                                            the form of a stock dividend) or reverse stock split; any merger, combination, consolidation,
                                            conversion or other reorganization; any spin-off, split-up, or extraordinary dividend distribution
                                            in respect of the Common Stock; or any exchange of Common Stock or other securities of the
                                            Corporation, or any similar, unusual or extraordinary corporate transaction in respect of
                                            the Common Stock; then the Administrator shall equitably and proportionately adjust: (1) the
                                            number and type of shares of Common Stock (or other securities) that thereafter may be made
                                            the subject of awards (including the specific share limits, maximums and numbers of shares
                                            set forth elsewhere in this Plan); (2) the number, amount and type of shares of Common
                                            Stock (or other securities or property) subject to any outstanding awards; (3) the grant,
                                            purchase, or exercise price (which term includes the base price of any SAR or similar right)
                                            of any outstanding awards; and/or (4) the securities, cash or other property deliverable
                                            upon exercise or payment of any outstanding awards, in each case to the extent necessary
                                            to preserve (but not increase) the level of incentives intended by this Plan and the then-outstanding
                                            awards.

 

		(b)	Without
                                            limiting the generality of Section 3.4, any good faith determination by the Administrator
                                            as to whether an adjustment is required in the circumstances pursuant to this Section 7.1,
                                            and the extent and nature of any such adjustment, shall be conclusive and binding on all
                                            persons.

 

    12 

     

    

 

		7.2	Corporate
                                            Transactions - Assumption and Termination of Awards.

 

		(a)	Upon
                                            any event in which the Corporation does not survive, or does not survive as a public company
                                            in respect of its Common Stock (including, without limitation, a dissolution, merger, combination,
                                            consolidation, conversion, exchange of securities, or other reorganization, or a sale of
                                            all or substantially all of the business, stock or assets of the Corporation, in any case
                                            in connection with which the Corporation does not survive or does not survive as a public
                                            company in respect of its Common Stock), then the Administrator may make provision for a
                                            cash payment in settlement of, or for the termination, assumption, substitution or exchange
                                            of any or all outstanding awards or the cash, securities or property deliverable to the holder
                                            of any or all outstanding awards, based upon, to the extent relevant under the circumstances,
                                            the distribution or consideration payable to holders of the Common Stock upon or in respect
                                            of such event. Upon the occurrence of any event described in the preceding sentence in connection
                                            with which the Administrator has made provision for the award to be terminated (and the Administrator
                                            has not made a provision for the substitution, assumption, exchange or other continuation
                                            or settlement of the award): (1) unless otherwise provided in the applicable Award Agreement,
                                            each then-outstanding option and SAR shall become fully vested,all shares of restricted
                                            stock then outstanding shall fully vest free of restrictions, and each other award granted
                                            under this Plan that is then outstanding shall become payable to the holder of such award
                                            (with any performance goals applicable to the award in each case being deemed met, unless
                                            otherwise provided in the Award Agreement, at either the “target” performance
                                            level or based on performance through the applicable transaction, as determined by the Administrator
                                            in its discretion); and (2) each award (including any award or portion thereof that,
                                            by its terms, does not accelerate and vest in the circumstances) shall terminate upon the
                                            related event; provided that the holder of an option or SAR shall be given reasonable advance
                                            notice of the impending termination and a reasonable opportunity to exercise his or her outstanding
                                            vested options and SARs (after giving effect to any accelerated vesting required in the circumstances)
                                            in accordance with their terms before the termination of such awards (except that in no case
                                            shall more than ten days’ notice of the impending termination be required and any acceleration
                                            of vesting and any exercise of any portion of an award that is so accelerated may be made
                                            contingent upon the actual occurrence of the event).

 

		(b)	Without
                                            limiting the preceding paragraph, in connection with any event referred to in the preceding
                                            paragraph or any change in control event defined in any applicable Award Agreement, the Administrator
                                            may, in its discretion, provide for the accelerated vesting of any award or awards as and
                                            to the extent determined by the Administrator in the circumstances.

 

    13 

     

    

 

		(c)	For
                                            purposes of this Section 7.2, an award shall be deemed to have been “assumed”
                                            if (without limiting other circumstances in which an award is assumed) the award continues
                                            after an event referred to above in this Section 7.2, and/or is assumed and continued
                                            by the surviving entity following such event (including, without limitation, an entity that,
                                            as a result of such event, owns the Corporation or all or substantially all of the Corporation’s
                                            assets directly or through one or more subsidiaries (a “Parent”)), and
                                            confers the right to purchase or receive, as applicable and subject to vesting and the other
                                            terms and conditions of the award, for each share of Common Stock subject to the award immediately
                                            prior to the event, the consideration (whether cash, shares, or other securities or property)
                                            received in the event by the stockholders of the Corporation for each share of Common Stock
                                            sold or exchanged in such event (or the consideration received by a majority of the stockholders
                                            participating in such event if the stockholders were offered a choice of consideration);
                                            provided, however, that if the consideration offered for a share of Common Stock in the event
                                            is not solely the ordinary common stock of a successor corporation or a Parent, the Administrator
                                            may provide for the consideration to be received upon exercise or payment of the award, for
                                            each share subject to the award, to be solely ordinary common stock of the successor corporation
                                            or a Parent equal in Fair Market Value to the per share consideration received by the stockholders
                                            participating in the event.

 

		(d)	The
                                            Administrator may adopt such valuation methodologies for outstanding awards as it deems reasonable
                                            in the event of a cash or property settlement and, in the case of options, SARs or similar
                                            rights, but without limitation on other methodologies, may base such settlement solely upon
                                            the excess if any of the per share amount payable upon or in respect of such event over the
                                            exercise or base price of the award. In the case of an option, SAR or similar right as to
                                            which the per share amount payable upon or in respect of such event is less than or equal
                                            to the exercise or base price of the award, the Administrator may terminate such award in
                                            connection with an event referred to in this Section 7.2 without any payment in respect
                                            of such award.

 

		(e)	In
                                            any of the events referred to in this Section 7.2, the Administrator may take such action
                                            contemplated by this Section 7.2 prior to such event (as opposed to on the occurrence
                                            of such event) to the extent that the Administrator deems the action necessary to permit
                                            the Participant to realize the benefits intended to be conveyed with respect to the underlying
                                            shares. Without limiting the generality of the foregoing, the Administrator may deem an acceleration
                                            and/or termination to occur immediately prior to the applicable event and, in such circumstances,
                                            will reinstate the original terms of the award if an event giving rise to an acceleration
                                            and/or termination does not occur.

 

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		(f)	Without
                                            limiting the generality of Section 3.4, any good faith determination by the Administrator
                                            pursuant to its authority under this Section 7.2 shall be conclusive and binding on
                                            all persons.

 

		(g)	The
                                            Administrator may override the provisions of this Section 7.2 by express provision in
                                            the Award Agreement and may accord any Eligible Person a right to refuse any acceleration,
                                            whether pursuant to the Award Agreement or otherwise, in such circumstances as the Administrator
                                            may approve. The portion of any ISO accelerated in connection with an event referred to in
                                            this Section 7.2 (or such other circumstances as may trigger accelerated vesting of
                                            the award) shall remain exercisable as an ISO only to the extent the applicable $100,000
                                            limitation on ISOs is not exceeded. To the extent exceeded, the accelerated portion of the
                                            option shall be exercisable as a nonqualified stock option under the Code.

 

	8.	OTHER
                                            PROVISIONS

 

		8.1	Compliance
                                            with Laws. This Plan, the granting and vesting of awards under this Plan, the offer,
                                            issuance and delivery of shares of Common Stock, and/or the payment of money under this Plan
                                            or under awards are subject to compliance with all applicable federal, state, local and foreign
                                            laws, rules and regulations (including, but not limited to, state and federal securities
                                            law and federal margin requirements) and to such approvals by any listing, regulatory or
                                            governmental authority as may, in the opinion of counsel for the Corporation, be necessary
                                            or advisable in connection therewith. The person acquiring any securities under this Plan
                                            will, if requested by the Corporation or one of its Subsidiaries, provide such assurances
                                            and representations to the Corporation or one of its Subsidiaries as the Administrator may
                                            deem necessary or desirable to assure compliance with all applicable legal and accounting
                                            requirements.

 

		8.2	No
                                            Rights to Award. No person shall have any claim or rights to be granted an award
                                            (or additional awards, as the case may be) under this Plan, subject to any express contractual
                                            rights (set forth in a document other than this Plan) to the contrary.

 

		8.3	No
                                            Employment/Service Contract. Nothing contained in this Plan (or in any other documents
                                            under this Plan or in any award) shall confer upon any Eligible Person or other Participant
                                            any right to continue in the employ or other service of the Corporation or one of its Subsidiaries,
                                            constitute any contract or agreement of employment or other service or affect an employee’s
                                            status as an employee at will, nor shall interfere in any way with the right of the Corporation
                                            or one of its Subsidiaries to change a person’s compensation or other benefits, or
                                            to terminate his or her employment or other service, with or without cause. Nothing in this
                                            Section 8.3, however, is intended to adversely affect any express independent right
                                            of such person under a separate employment or service contract other than an Award Agreement.

 

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		8.4	Plan
                                            Not Funded. Awards payable under this Plan shall be payable in shares or from the
                                            general assets of the Corporation, and no special or separate reserve, fund or deposit shall
                                            be made to assure payment of such awards. No Participant, beneficiary or other person shall
                                            have any right, title or interest in any fund or in any specific asset (including shares
                                            of Common Stock, except as expressly otherwise provided) of the Corporation or one of its
                                            Subsidiaries by reason of any award hereunder. Neither the provisions of this Plan (or of
                                            any related documents), nor the creation or adoption of this Plan, nor any action taken pursuant
                                            to the provisions of this Plan shall create, or be construed to create, a trust of any kind
                                            or a fiduciary relationship between the Corporation or one of its Subsidiaries and any Participant,
                                            beneficiary or other person. To the extent that a Participant, beneficiary or other person
                                            acquires a right to receive payment pursuant to any award hereunder, such right shall be
                                            no greater than the right of any unsecured general creditor of the Corporation.

 

		8.5	Tax
                                            Withholding. Upon any exercise, vesting, or payment of any award, or upon the disposition
                                            of shares of Common Stock acquired pursuant to the exercise of an ISO prior to satisfaction
                                            of the holding period requirements of Section 422 of the Code, or upon any other tax
                                            withholding event with respect to any award, arrangements satisfactory to the Corporation
                                            shall be made to provide for any taxes the Corporation or any of its Subsidiaries may be
                                            required or permitted to withhold with respect to such award event or payment. Such arrangements
                                            may include (but are not limited to) any one of (or a combination of) the following:

 

		(a)	The
                                            Corporation or one of its Subsidiaries shall have the right torequire the Participant
                                            (or the Participant’s personal representative or beneficiary, as the case may be) to
                                            pay or provide for payment of the amount of any taxes which the Corporation or one of its
                                            Subsidiaries may be required or permitted to withhold with respect to such award event or
                                            payment.

 

		(b)	The
                                            Corporation or one of its Subsidiaries shall have the right to deduct from any amount otherwise
                                            payable in cash (whether related to the award or otherwise) to the Participant (or the Participant’s
                                            personal representative or beneficiary, as the case may be) the amount of any taxes which
                                            the Corporation or one of its Subsidiaries may be required or permitted to withhold with
                                            respect to such award event or payment.

 

		(c)	In
                                            any case where a tax is required to be withheld in connection with the delivery of shares
                                            of Common Stock under this Plan, the Administrator may in its sole discretion (subject to
                                            Section 8.1) require or grant (either at the time of the award or thereafter) to the
                                            Participant the right to elect, pursuant to such rules and subject to such conditions
                                            as the Administrator may establish, that the Corporation reduce the number of shares to be
                                            delivered by (or otherwise reacquire) the appropriate number of shares, valued in a consistent
                                            manner at their Fair Market Value or at the sales price in accordance with authorized procedures
                                            for cashless exercises, necessary to satisfy any applicable withholding obligation on exercise,
                                            vesting or payment.

 

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		8.6	Effective
                                            Date, Termination and Suspension, Amendments.

 

8.6.1            Effective
Date. This Plan is effective as of May 13, 2022, the date of its initial approval by the Board (the “Effective
Date”). This Plan shall be submitted for and subject to stockholder approval no later than twelve months after the Effective
Date. Unless earlier terminated by the Board and subject to any extension that may be approved by stockholders, this Plan shall terminate
at the close of business on the day before the tenth anniversary of the Effective Date. After the termination of this Plan either upon
such stated termination date or its earlier termination by the Board, no additional awards may be granted under this Plan, but previously
granted awards (and the authority of the Administrator with respect thereto, including the authority to amend such awards) shall remain
outstanding in accordance with their applicable terms and conditions and the terms and conditions of this Plan.

 

8.6.2            Board
Authorization. The Board may, at any time, terminate or, from time to time, amend, modify or suspend this Plan, in whole or in
part. No awards may be granted during any period that the Board suspends this Plan.

 

8.6.3            Stockholder
Approval. To the extent then required by applicable law or deemed necessary or advisable by the Board, any amendment to this
Plan shall be subject to stockholder approval.

 

8.6.4            Amendments
to Awards. Without limiting any other express authority of the Administrator under (but subject to) the express limits of this
Plan, the Administrator by agreement or resolution may waive conditions of or limitations on awards to Participants that the Administrator
in the prior exercise of its discretion has imposed, without the consent of a Participant, and (subject to the requirements of Sections
3.2 and 8.6.5) may make other changes to the terms and conditions of awards. Any amendment or other action that would constitute a repricing
of an award is subject to the no-repricing provision of Section 3.3.

 

8.6.5            Limitations
on Amendments to Plan and Awards. No amendment, suspension or termination of this Plan or amendment of any outstanding Award
Agreement shall, without written consent of the Participant, affect in any manner materially adverse to the Participant any rights or
benefits of the Participant or obligations of the Corporation under any award granted under this Plan prior to the effective date of
such change. Changes, settlements and other actions contemplated by Section 7 shall not be deemed to constitute changes or amendments
for purposes of this Section 8.6.

 

		8.7	Privileges
                                            of Stock Ownership. Except as otherwise expressly authorized by the Administrator,
                                            a Participant shall not be entitled to any privilege of stock ownership as to any shares
                                            of Common Stock not actually delivered to and held of record by the Participant. Except as
                                            expressly required by Section 7.1 or otherwise expressly provided by the Administrator,
                                            no adjustment will be made for dividends or other rights as a stockholder for which a record
                                            date is prior to such date of delivery.

 

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		8.8	Governing
                                            Law; Severability.

 

8.8.1            Choice
of Law. This Plan, the awards, all documents evidencing awards and all other related documents shall be governed by, and construed
in accordance with the laws of the State of Delaware, notwithstanding any Delaware or other conflict of law provision to the contrary.

 

8.8.2            Severability.
If a court of competent jurisdiction holds any provision invalid and unenforceable, the remaining provisions of this Plan shall continue
in effect.

 

8.8.3            Construction.
It is the intent of the Corporation that the awards granted hereunder (and transactions permitted by such awards) will not result in
the imposition of any tax liability pursuant to Section 409A of the Code and that, in the case of Participants who are or may be
subject to Section 16 of the Exchange Act, that such awards and transactions qualify, to the maximum extent compatible with the
express terms of the award, for exemption from matching liability under Rule 16b-3 promulgated under the Exchange Act. The provisions
of this Plan and any applicable Award Agreement or other relevant document shall be construed and interpreted consistent with that intent.

 

		8.9	Captions.
                                            Captions and headings are given to the sections and subsections of this Plan solely as a
                                            convenience to facilitate reference. Such headings shall not be deemed in any way material
                                            or relevant to the construction or interpretation of this Plan or any provision thereof.

 

		8.10	Stock-Based
                                            Awards in Substitution for Stock Options or Awards Granted by Other Corporation.
                                            Awards may be granted to Eligible Persons in substitution for or in connection with an assumption
                                            of employee stock options, SARs, restricted stock or other stock-based awards granted by
                                            other entities to persons who are or who will become Eligible Persons in respect of the Corporation
                                            or one of its Subsidiaries, in connection with a distribution, merger or other reorganization
                                            by or with the granting entity or an affiliated entity, or the acquisition by the Corporation
                                            or one of its Subsidiaries, directly or indirectly, of all or a substantial part of the stock
                                            or assets of the employing entity. The awards so granted need not comply with other specific
                                            terms of this Plan, provided the awards reflect adjustments giving effect to the assumption
                                            or substitution consistent with any conversion applicable to the common stock (or the securities
                                            otherwise subject to the award) in the transaction and any change in the issuer of the security.
                                            Any shares that are delivered and any awards that are granted by, or become obligations of,
                                            the Corporation, as a result of the assumption by the Corporation of, or in substitution
                                            for, outstanding awards previously granted or assumed by an acquired company (or previously
                                            granted or assumed by a predecessor employer (or direct or indirect parent thereof) in the
                                            case of persons that become employed by the Corporation or one of its Subsidiaries in connection
                                            with a business or asset acquisition or similar transaction) shall not be counted against
                                            the Share Limit or other limits on the number of shares available for issuance under this
                                            Plan.

 

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		8.11	Non-Exclusivity
                                            of Plan. Nothing in this Plan shall limit or be deemed to limit the authority of
                                            the Board or the Administrator to grant awards or authorize any other compensation, with
                                            or without reference to the Common Stock, under any other plan or authority.

 

		8.12	No
                                            Corporate Action Restriction. The existence of this Plan, the Award Agreements and
                                            the awards granted hereunder shall not limit, affect, or restrict in any way the right or
                                            power of the Corporation or any Subsidiary (or any of their respective shareholders, boards
                                            of directors or committees thereof (or any subcommittees), as the case may be) to make or
                                            authorize: (a) any adjustment, recapitalization, reorganization or other change in the
                                            capital structure or business of the Corporation or any Subsidiary, (b) any merger,
                                            amalgamation, consolidation or change in the ownership of the Corporation or any Subsidiary,
                                            (c) any issue of bonds, debentures, capital, preferred or prior preference stock ahead
                                            of or affecting the capital stock (or the rights thereof) of the Corporation or any Subsidiary,
                                            (d) any dissolution or liquidation of the Corporation or any Subsidiary, (e) any
                                            sale or transfer of all or any part of the assets or business of the Corporation or any Subsidiary,
                                            (f) any other award, grant, or payment of incentives or other compensation under any
                                            other plan or authority (or any other action with respect to any benefit, incentive or compensation),
                                            or (g) any other corporate act or proceeding by the Corporation or any Subsidiary. No
                                            Participant, beneficiary or any other person shall have any claim under any award or Award
                                            Agreement against any member of the Board or the Administrator, or the Corporation or any
                                            employees, officers or agents of the Corporation or any Subsidiary, as a result of any such
                                            action. Awards need not be structured so as to be deductible for tax purposes.

 

		8.13	Other
                                            Company Benefit and Compensation Programs. Payments and other benefits received by
                                            a Participant under an award made pursuant to this Plan shall not be deemed a part of a Participant’s
                                            compensation for purposes of the determination of benefits under any other employee welfare
                                            or benefit plans or arrangements, if any, provided by the Corporation or any Subsidiary,
                                            except where the Administrator expressly otherwise provides or authorizes in writing. Awards
                                            under this Plan may be made in addition to, in combination with, as alternatives to or in
                                            payment of grants, awards or commitments under any other plans, arrangements or authority
                                            of the Corporation or its Subsidiaries.

 

		8.14	Clawback
                                            Policy. The awards granted under this Plan are subject to the terms of the Corporation’s
                                            recoupment, clawback or similar policy as it may be in effect from time to time, as well
                                            as any similar provisions of applicable law, any of which could in certain circumstances
                                            require repayment or forfeiture of awards or any shares of Common Stock or other cash or
                                            property received with respect to the awards (including any value received from a disposition
                                            of the shares acquired upon payment of the awards).

 

    19

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