Document:

Exhibit 10.2

 

 

FUNDING AGREEMENT 

 

This
FUNDING AGREEMENT (“Agreement”), made as of January 11, 2018, by and between William Marshal Plc.
a company incorporated under the laws of the United Kingdom (Registered Company Number 10687022), having its registered office
located in Mill Accountancy, 5 Amelia Court, Retford, Nottinghamshire, United Kingdom, DN22 7HJ, United Kingdom and trading office
located in 15 Wheeler Gate, Nottingham, NG1 2NA, United Kingdom and Global Equity International Inc., a corporation organized
under the laws of the State of Nevada, United States of America, whose principal place of business is Office 3305, X3 Jumeirah
Bay Tower, JLT, Dubai, UAE.

 

RECITALS:

 

Whereas,
this funding agreement supersedes in its entirety the funding agreement executed on November 20, 2017.

 

Whereas,
the Lender (William Marshal Plc.) is United Kingdom Public Limited Company listed on the Cyprus Public Exchange Emerging Companies
Market.

 

Whereas,
the Borrower, Global Equity International Inc., is a corporate consulting business that desires to obtain funding from the Lender,
on the terms and conditions set forth below;

 

Whereas,
the Borrower ́s common shares are currently traded on the US NASDAQ OTC, trading symbol GEQU and International Securities
Identification Number (ISIN) US37952E1091.

 

NOW,
THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto agree as follows:

 

Financing
Commitment.

 

	 	1.	Financing
    Commitment. The Lender agrees to provide to Borrower up to £2,000,000 (GBP) in loans (equivalent to approximately US$2,700,000
    at the date of this agreement), in one or more tranches at the lenders discretion. Each loan (“Tranche”) shall
    be evidenced by a “Convertible Note” in the amount of such Tranche, bearing interest at the rate of 6% per annum,
    payable semi-annually. Each “Convertible Note” shall be due and payable on the 366th calendar day following receipt
    by the Borrower of each Tranche (“Maturity Date”). On each Maturity Date, the outstanding Convertible Notes shall
    be automatically converted into shares of Borrower’s common stock at a conversion price equal to the greater of US$0.02
    or the average closing price of Borrower’s common stock on the Over-the-Counter Bulletin Board for the prior 60 trading
    days. Attached hereto as Exhibit “A” and incorporated herein by reference is a copy of the form of “Convertible
    Note” that will be issued hereunder. In the event of any discrepancy between this Agreement and the “Convertible
    Notes”, the terms and conditions of the Convertible Notes shall control.

 

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FUNDING AGREEMENT 

 

	 	2.	Use
    of Proceeds. Borrower shall use the proceeds of each Tranche for reduction of indebtedness, inorganic growth via acquisitions
    of various advisory firms with funds under management and general working capital purposes.
	 	 	 
	 	3.	Reservation
    of Shares. Upon receipt of each tranche of funding, Borrower shall issue irrevocable written instructions to its US
    Transfer Agency, Clear Trust LLC, to reserve, at a minimum, that number of shares of Borrower’s common stock which would
    equal the amount of each Tranche divided by U.S.$0.02, to be issued upon conversion of the Convertible Notes.
	 	 	 
	 	4.	Amendment;
    Breach and Waiver. This Agreement may not be amended or modified in any manner, except by an instrument in writing
    duly executed by both parties hereto. The failure of either party hereto to enforce at any time any of the provisions of this
    Agreement shall in no way be construed to constitute a waiver of any such provision or any other provision, or of the right
    of such party thereafter to enforce each and every such provision or other provision in the event of a subsequent breach of
    this Agreement.
	 	 	 
	 	5.	Agreement
    Binding Upon Successors. This Agreement shall inure to the benefit of, and shall be binding upon, the parties hereto,
    their successors and assigns.
	 	 	 
	 	6.	Choice
    of Law and Forum. This Agreement shall be governed by and construed in accordance with the laws of England and Wales,
    exclusive of its choice-of-law principles. Each party hereby submits to the jurisdiction of the civil courts of England and
    Wales. In any action or proceeding arising out of or relating to this Agreement or any of the Convertible Notes issued pursuant
    hereto, each party hereto hereby irrevocably waives the defenses of improper venue or inconvenient forum for the maintenance
    of any such action or proceeding to the fullest extent permitted by law.
	 	 	 
	 	7.	Counterparts.
    This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but both of which together
    shall constitute one and the same instrument.
	 	 	 
	 	8.	Section
    Headings. The Section headings contained in this Agreement are for reference purposes only and shall not affect in
    anyway the meaning or interpretation of this Agreement.
	 	 	 
	 	9.	Public
    Disclosure. A copy of this agreement will be formally filed, with the US Securities and Exchange Commission, via a
    Form 8-k within three working days from the date of execution.
	 	 	 
	 	10.	Lock-in
    period on Preferred “B” Class of Shares. Management of Global Equity International Inc. have agreed to
    lock-in and not convert any of their personally owned Preferred “B” shares to Common Stock until an earliest date
    of September 27, 2020 (previously November 12, 2017). This new lock-in date, September 27, 2020, equates to the same lock-in
    period of the recently designated and issued Preferred “C” class of shares.

 

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FUNDING AGREEMENT 

 

	 	11.	Entire
    Agreement. This Agreement and the Convertible Note attached hereto as Exhibit “A” constitute the entire
    agreement between the parties hereto with respect to the subject matter hereof, and there are no agreements, covenants, undertakings,
    restrictions, warranties, promises or representations between the parties with respect to the subject matter hereof other
    than those set forth herein.
	 	 	 
	 	 	IN
    WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day first written above.

 

Lender:

 

William
Marshal Plc.

 

	/s/
    Jonathan Blythe	 
	Mr.
    Jonathan Blythe - Director	 

 

Borrower:

 

Global
Equity International, Inc.

 

	/s/
    Enzo Taddei	 
	Mr.
    Enzo Taddei - CFO & Director	 

 

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FUNDING AGREEMENT

 

Exhibit
“A”

 

-        Convertible
Note

 

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Exhibit
“A” to Funding Agreement

 

Principal
Amount: £___________________ / US$ __________________ 

 

Issue
Date: ________________, 2018.

 

Purchase
Price: Par

CONVERTIBLE NOTE

 

FOR
VALUE RECEIVED, GLOBAL EQUITY INTERNATIONAL, INC., a corporation organized under the laws of the State of Nevada, United
States of America (the “Borrower”), hereby promises to pay to the order of the William Marshal Plc. (the
“Holder”) the sum of £___________________ equivalent to $___________________ together with any interest
as set forth herein, on _______________________, ___________ (“Maturity Date”), and to pay interest semi-annually
on the unpaid principal balance hereof at the rate of six percent (6%) (“Interest Rate”) per annum from the date hereof
(“Issue Date”) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or
otherwise. This Note may not be prepaid in whole or in part except as otherwise explicitly set forth herein. Interest shall commence
accruing on the date that the Note is fully funded and shall be computed on the basis of a 365-day year and the actual number
of days elapsed. All payments due hereunder shall be converted into common stock, $0.001 par value per share (“Common Stock”)
in accordance with the terms hereof. Payment of the first semi-annual payment date shall be made in lawful money of the United
Kingdom unless the Holder requests that such amount of interest be converted into Common Stock in accordance with the terms hereof.
All payments shall be made at such address as the Holder shall hereafter give to the Borrower by written notice made in accordance
with the provisions of this Note. Whenever any amount expressed to be due by the terms of this Note is due on any day which is
not a business day, the same shall instead be due on the next succeeding day which is a business day. As used in this Note, the
term “business day” shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the City
of London, England are authorized or required by law to remain closed.

 

The
following terms shall apply to this Note:

 

Article
I. CONVERSION RIGHTS

 

1.1
Conversion Right. The Borrower shall have the absolute right on the Maturity Date of this Note to pay the outstanding principal
amount hereof together with accrued interest by issuing to the Borrower shares of the Borrower’s Common Stock in lieu of
paying cash to the Borrower. The number of shares of Common Stock to be issued upon such conversion of this Note shall be determined
by dividing the “Conversion Amount” (as defined below) by the “Conversion Price” (as defined and determined
below). The term “Conversion Amount” means, the sum of (1) the principal amount of this Note plus (2) accrued
and unpaid interest on such principal amount at the interest rate provided in this Note on the Maturity Date.

 

1.2
Conversion Price.

 

(a)
Calculation of Conversion Price. The conversion price (“Conversion Price”) shall be equal to the greater of
U.S.$0.02 or the average closing price of Borrower’s Common Stock on the Over-the-Counter Bulletin Board for the prior 60
trading days (subject to equitable adjustments for stock splits and similar events). A “trading day” shall mean any
day on which the Common Stock is tradable for any period on the stock exchange on which the Borrower’s Common Stock is traded
or quoted. 

 

    	 

     

    

 

 

Exhibit
“A” to Funding Agreement

 

1.3
Authorized Shares. The Borrower covenants that during the period the Note is outstanding, the Borrower will reserve from
its authorized and unissued Common Stock a sufficient number of shares (“Reserved Amount”) to provide for the issuance
of Common Stock upon the full conversion of this Note. The Borrower represents that upon issuance, such shares will be duly and
validly issued, fully paid and non-assessable. In addition, if the Borrower shall issue any securities or make any change to its
capital structure which would change the number of shares of Common Stock into which the Notes shall be convertible at the then
current Conversion Price, the Borrower shall at the same time make proper provision so that thereafter there shall be a sufficient
number of shares of Common Stock authorized and reserved for conversion of the outstanding principal amount and accrued interest
due under this Note. The Borrower (i) acknowledges that it has irrevocably instructed its transfer agent to issue certificates
for the Common Stock issuable upon conversion of this Note, and (ii) agrees that its issuance of this Note shall constitute full
authority to its officers and agents who are charged with the duty of executing stock certificates to execute and issue the necessary
certificates for shares of Common Stock in accordance with the terms and conditions of this Note.

 

If,
at any time the Borrower does not maintain the Reserved Amount it will be considered an Event of Default under Section 3.2 of
the Note.

 

1.4
Method of Conversion.

 

(a)
Surrender of Note Upon Conversion. Notwithstanding anything to the contrary set forth herein, upon conversion of this Note
in accordance with the terms hereof, the Holder shall be required to physically surrender this Note to the Borrower for cancellation.
The Holder may not transfer this Note unless the Borrower consents thereto in writing and the Holder first physically surrenders
this Note to the Borrower, whereupon the Borrower will forthwith issue and deliver upon the order of the Holder a new Note of
like tenor, registered as the Holder (upon payment by the Holder of any applicable transfer taxes) may request, representing in
the aggregate the remaining unpaid principal amount of this Note.

 

(b)
Delivery of Common Stock Upon Conversion. Upon receipt by the Borrower from the Holder of a facsimile transmission or e-mail
(or other reasonable means of communication) of a Notice of Conversion meeting the requirements for conversion as provided in
this Section 1.4, the Borrower shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder ́s
certificates for the Common Stock issuable upon such conversion within three (3) business days after such receipt (the “Deadline”)
(and, solely in the case of conversion of the entire unpaid principal amount hereof, surrender of this Note) in accordance with
the terms hereof and the Purchase Agreement.

 

1.5
Concerning the Shares. The shares of Common Stock issuable upon conversion of this Note may not be sold or transferred
unless (i) such shares are sold pursuant to an effective registration statement under the Act or (ii) the Borrower or its transfer
agent shall have been furnished with an opinion of counsel (which opinion shall be in form, substance and scope customary for
opinions of counsel in comparable transactions) to the effect that the shares to be sold or transferred may be sold or transferred
pursuant to an exemption from such registration or (iii) such shares are sold or transferred pursuant to Rule 144 under the Act
(or a successor rule) (“Rule 144”). Until such time as the shares of Common Stock issuable upon conversion of this
Note have been registered under the Act or otherwise may be sold pursuant to Rule 144 without any restriction as to the number
of securities as of a particular date that can then be immediately sold, each certificate for shares of Common Stock issuable
upon conversion of this Note that has not been so included in an effective registration statement or that has not been sold pursuant
to an effective registration statement or an exemption that permits removal of the legend, shall bear a legend substantially in
the following form, as appropriate:

 

    	2

     

    

 

 

Exhibit
“A” to Funding Agreement

 

“NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN
A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE
144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT
OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

 

The
legend set forth above shall be removed and the Borrower shall issue to the Holder a new certificate therefor free of any transfer
legend if (i) the Borrower or its transfer agent shall have received an opinion of counsel, in form, substance and scope customary
for opinions of counsel in comparable transactions, to the effect that a public sale or transfer of such Common Stock may be made
without registration under the Act, which opinion shall be accepted by the Company so that the sale or transfer is effected or
(ii) in the case of the Common Stock issuable upon conversion of this Note, such security is registered for sale by the Holder
under an effective registration statement filed under the Act or otherwise may be sold pursuant to Rule 144 without any restriction.

 

1.6
Effect of Certain Events.

 

(a)
Adjustment Due to Merger, Consolidation, Etc. If, at any time when this Note is issued and outstanding and prior to conversion
of all of the Notes, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other
similar event, as a result of which shares of Common Stock of the Borrower shall be changed into the same or a different number
of shares of another class or classes of stock or securities of the Borrower or another entity, or in case of any sale or conveyance
of all or substantially all of the assets of the Borrower other than in connection with a plan of complete liquidation of the
Borrower, then the Holder of this Note shall thereafter have the right to receive upon conversion of this Note, upon the basis
and upon the terms and conditions specified herein and in lieu of the shares of Common Stock immediately theretofore issuable
upon conversion, such stock or securities which the Holder would have been entitled to receive in such transaction had this Note
been converted in full immediately prior to such transaction (without regard to any limitations on conversion set forth herein),
and in any such case appropriate provisions shall be made with respect to the rights and interests of the Holder of this Note
to the end that the provisions hereof (including, without limitation, provisions for adjustment of the Conversion Price and of
the number of shares issuable upon conversion of the Note) shall thereafter be applicable, as nearly as may be practicable in
relation to any stock or securities thereafter deliverable upon the conversion hereof.

 

    	3

     

    

 

Exhibit “A”
to Funding Agreement

 

(b)
Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire
its assets) to holder of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any
dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock
of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion
of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such
assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had
such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to
such Distribution.

 

(c)
Notice of Adjustments. Upon the occurrence of each adjustment or readjustment of the Conversion Price as a result of the
events described in this Section 1.6, the Borrower, at its expense, shall promptly compute such adjustment or readjustment and
prepare and furnish to the Holder a certificate setting forth such adjustment or readjustment and showing in detail the facts
upon which such adjustment or readjustment is based. The Borrower shall, upon the written request at any time of the Holder, furnish
to such Holder a like certificate setting forth (i) such adjustment or readjustment, (ii) the Conversion Price at the time in
effect and (iii) the number of shares of Common Stock and the amount, if any, of other securities or property which at the time
would be received upon conversion of the Note.

 

Article
II. CERTAIN COVENANTS

 

2.1
Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the
Holder ́s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary
course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

 

Article
III. EVENTS OF DEFAULT

 

If
any of the following events of default (each, an “Event of Default”) shall occur:

 

3.1
Failure to Pay Principal or Interest. The Borrower fails to pay the principal hereof or interest thereon when due on this
Note, whether at maturity or otherwise.

 

3.2
Breach of Covenants. The Borrower breaches any material covenant or other material term or condition contained in this
Note and such breach continues for a period of thirty (30) days after written notice thereof to the Borrower from the Holder.

 

3.3
Breach of Representations and Warranties. Any representation or warranty of the Borrower made herein or in any agreement,
statement or certificate given in writing pursuant hereto or in connection herewith, shall be false or misleading in any material
respect when made and the breach of which has (or with the passage of time will have) a material adverse effect on the rights
of the Holder with respect to this Note.

 

    	4

     

    

 

 

Exhibit
“A” to Funding Agreement

 

3.4
Receiver or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors,
or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business,
or such a receiver or trustee shall otherwise be appointed.

 

3.5
Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary,
for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by the Borrower or any subsidiary
of the Borrower.

 

3.6
Delisting of Common Stock. The Borrower shall fail to maintain the listing of the Common Stock on at least one of the OTC
Pink Current Information, Over-the-Counter Bulletin Board or an equivalent replacement exchange, the Nasdaq National Market, the
Nasdaq Small Cap Market, the New York Stock Exchange, or the American Stock Exchange.

 

3.7
Liquidation. Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.

 

Article
IV. MISCELLANEOUS

 

4.1
Failure or Indulgence Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or
privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege
preclude other or further exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder
are cumulative to, and not exclusive of, any rights or remedies otherwise available.

 

4.2
Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder
shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered
or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid,
or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party
shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder
shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting
facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where
such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during
normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by
express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first
occur. The addresses for such communications shall be:

 

    	5

     

    

 

 

Exhibit
“A” to Funding Agreement

 

If
to the Borrower, to:

 

Global
Equity International, Inc.

X3
Jumeirah Bay Tower,

Office
3305,

JLT,
Dubai,

UAE.

 

Attn:
Enzo Taddei, CFO

 

With
copy to:

 

David
E. Wise, Attorney

The
Colonnade,

9901
IH-10 West, Suite 800,

San
Antonio, Texas 78230.

 

If
to the Holder:

 

William
Marshal Plc. 

15
Wheeler Gate, 

Nottingham,

NG1
2NA,

United
Kingdom

 

Attn:
Mr. Jonathan Blythe

 

4.3
Amendments. This Note and any provision hereof may only be amended by an instrument in writing signed by the Borrower and
the Holder. The term “Note” and all reference thereto, as used throughout this instrument, shall mean this instrument
as originally executed, or if later amended or supplemented, then as so amended or supplemented.

 

4.4
Assignability. This Note shall be binding upon the Borrower and its successors and/or its assignees, and shall inure to
be the benefit of the Holder and its successors and/or its assignees. Each transferee of this Note must be an “accredited
investor” (as defined in Rule 501(a) of the 1933 Act).

 

4.5
Cost of Collection. If default is made in the payment of this Note, the Borrower shall pay the Holder hereof costs of collection,
including reasonable attorneys’ fees.

 

    	6

     

    

 

 

Exhibit
“A” to Funding Agreement

 

4.6
Governing Law. This Note shall be governed by and construed in accordance with the laws of England and Wales without regard
to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated
by this Note shall be brought only in the courts of England and Wales. The parties to this Note hereby irrevocably waive any objection
to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or
venue or based upon “forum non conveniens”. The Borrower and Holder waive trial by jury. The prevailing party
shall be entitled to recover from the other party its reasonable attorney’s fees and costs. In the event that any provision
of this Note or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute
or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed
modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law
shall not affect the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably waives
personal service of process and consents to process being served in any suit, action or proceeding in connection with this Agreement
or any other Transaction Document by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence
of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall
constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any
way any right to serve process in any other manner permitted by law.

 

IN
WITNESS WHEREOF, Borrower has caused this Note to be signed in its name by its duly authorized officer this ____ day of ________________,
________.

  

	 	GLOBAL
    EQUITY INTERNATIONAL, INC.
	 	 	 
	 	By:
    	 
	 	 	Mr.
Enzo Taddei – CFO & Director

 

    	7ANNEX
A

 

ONCOSEC
MEDICAL INCORPORATED 2011 STOCK INCENTIVE PLAN

 

(as
amended and restated on January 12, 2018)

 

1.
Purposes of the Plan. The purposes of this Plan are to attract and retain the best available personnel, to provide additional
incentives to Employees, Directors and Consultants and to promote the success of the Company’s business.

 

2.
Definitions. The following definitions shall apply as used herein and in the individual Award Agreements except as defined
otherwise in an individual Award Agreement. In the event a term is separately defined in an individual Award Agreement, such definition
shall supersede the definition contained in this Section 2.

 

(a)
“Administrator” means the Board or any of the Committees appointed to administer the Plan.

 

(b)
“Affiliate” and “Associate” shall have the respective meanings ascribed to such terms in Rule 12b-2
promulgated under the Exchange Act.

 

(c)
“Applicable Laws” means the legal requirements relating to the Plan and the Awards under applicable provisions
of federal securities laws, state corporate and securities laws, the Code, the rules of any applicable stock exchange or national
market system, and the rules of any non-U.S. jurisdiction applicable to Awards granted to residents therein.

 

(d)
“Assumed” means that pursuant to a Corporate Transaction either (i) the Award is expressly affirmed by the
Company or (ii) the contractual obligations represented by the Award are expressly assumed (and not simply by operation of law)
by the successor entity or its Parent in connection with the Corporate Transaction with appropriate adjustments to the number
and type of securities of the successor entity or its Parent subject to the Award and the exercise or purchase price thereof which
at least preserves the compensation element of the Award existing at the time of the Corporate Transaction as determined in accordance
with the instruments evidencing the agreement to assume the Award.

 

(e)
“Award” means the grant of an Option, SAR, Dividend Equivalent Right, Restricted Stock, Restricted Stock Unit
or other right or benefit under the Plan.

 

(f)
“Award Agreement” means the written agreement evidencing the grant of an Award executed by the Company and
the Grantee, including any amendments thereto.

 

(g)
“Board” means the Board of Directors of the Company.

 

(h)
“Change in Control” means a change in ownership or control of the Company effected through any of the following
transactions:

 

(i)
the direct or indirect acquisition by any person or related group of persons (other than an acquisition from or by the Company
or by a Company-sponsored employee benefit plan or by a person that directly or indirectly controls, is controlled by, or is under
common control with, the Company) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities
possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities; or

 

(ii)
a change in the composition of the Board over a period of twelve (12) months or less such that a majority of the Board members
(rounded up to the next whole number) ceases, by reason of one or more contested elections for Board membership, to be comprised
of individuals who are Continuing Directors; or

 

(iii)
the consummation of Corporate Transaction; excluding, however, a Corporate Transaction pursuant to which:

 

    	 	A-1	 

    	 

    

 

(A)
all or substantially all of the individuals and entities who have beneficial ownership (within the meaning of Rule 13d-3 of the
Exchange Act) of the total combined voting power of the Company’s outstanding voting securities Company’s immediately
prior to such Corporate Transaction will have beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act), directly
or indirectly, of more than fifty percent (50%) of the total combined voting power of the then outstanding voting securities of
the acquiring entity or the corporation or entity resulting from such Corporate Transaction (including, without limitation, the
Company or other entity that as a result of such transaction owns the Company or all or substantially all of the Company’s
assets either directly or through one or more subsidiaries) (the “Resulting Entity”) in substantially the same proportions
as their ownership of the Company’s voting securities, immediately prior to such Corporate Transaction; and

 

(B)
individuals who were members of the Board before the Corporation Transaction (or whose appointment or election is endorsed by
a majority of such members of the Board) will continue to constitute at least a majority of the members of the board of directors
of the Resulting Entity; or

 

(iv)
a complete liquidation or dissolution of the Company.

 

(i)
“Code” means the Internal Revenue Code of 1986, as amended.

 

(j)
“Committee” means any committee composed of members of the Board appointed by the Board to administer the Plan.

 

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

 

(l)
“Company” means OncoSec Medical Incorporated, a Nevada corporation, or any successor entity that adopts the
Plan in connection with a Corporate Transaction.

 

(m)
“Consultant” means any person (other than an Employee or a Director, solely with respect to rendering services
in such person’s capacity as a Director) who is engaged by the Company or any Related Entity to render consulting or advisory
services to the Company or such Related Entity.

 

(n)
“Continuing Directors” means members of the Board who either (i) have been Board members continuously for a
period of at least twelve (12) months or (ii) have been Board members for less than twelve (12) months and were elected or nominated
for election as Board members by at least a majority of the Board members described in clause (i) who were still in office at
the time such election or nomination was approved by the Board.

 

(o)
“Continuous Service” means that the provision of services to the Company or a Related Entity in any capacity
of Employee, Director or Consultant is not interrupted or terminated. In jurisdictions requiring notice in advance of an effective
termination as an Employee, Director or Consultant, Continuous Service shall be deemed terminated upon the actual cessation of
providing services to the Company or a Related Entity notwithstanding any required notice period that must be fulfilled before
a termination as an Employee, Director or Consultant can be effective under Applicable Laws. A Grantee’s Continuous Service
shall be deemed to have terminated either upon an actual termination of Continuous Service or upon the entity for which the Grantee
provides services ceasing to be a Related Entity. Continuous Service shall not be considered interrupted in the case of (i) any
approved leave of absence, (ii) transfers among the Company, any Related Entity, or any successor, in any capacity of Employee,
Director or Consultant, or (iii) any change in status as long as the individual remains in the service of the Company or a Related
Entity in any capacity of Employee, Director or Consultant (except as otherwise provided in the Award Agreement). An approved
leave of absence shall include sick leave, military leave, or any other authorized personal leave. For purposes of each Incentive
Stock Option granted under the Plan, if such leave exceeds three (3) months, and reemployment upon expiration of such leave is
not guaranteed by statute or contract, then the Incentive Stock Option shall be treated as a Non-Qualified Stock Option on the
day three (3) months and one (1) day following the expiration of such three (3) month period.

 

(p)
“Corporate Transaction” means any of the following transactions:

 

    	 	A-2	 

    	 

    

 

(i)
a merger, reorganization, share exchange or consolidation; or

 

(ii)
the sale, transfer or other disposition of all or substantially all of the assets of the Company.

 

(q)
“Covered Employee” means an Employee who is a “covered employee” under Section 162(m)(3) of the
Code.

 

(r)
“Director” means a member of the Board or the board of directors of any Related Entity.

 

(s)
“Disability” means as defined under the long-term disability policy of the Company or the Related Entity to
which the Grantee provides services regardless of whether the Grantee is covered by such policy. If the Company or the Related
Entity to which the Grantee provides service does not have a long-term disability plan in place, “Disability” means
that a Grantee is unable to carry out the responsibilities and functions of the position held by the Grantee by reason of any
medically determinable physical or mental impairment for a period of not less than ninety (90) consecutive days. A Grantee will
not be considered to have incurred a Disability unless he or she furnishes proof of such impairment sufficient to satisfy the
Administrator in its discretion.

 

(t)
“Dividend Equivalent Right” means a right entitling the Grantee to compensation measured by dividends paid
with respect to Common Stock.

 

(u)
“Employee” means any person, including an Officer or Director, who is in the employ of the Company or any Related
Entity, subject to the control and direction of the Company or any Related Entity as to both the work to be performed and the
manner and method of performance. The payment of a director’s fee by the Company or a Related Entity shall not be sufficient
to constitute “employment” by the Company.

 

(v)
“Exchange Act” means the Securities Exchange Act of 1934, as amended.

 

(w)
“Fair Market Value” means, as of any date, the value of Common Stock determined as follows:

 

(i)
If the Common Stock is listed on one or more established stock exchanges or national market systems, including without limitation
The New York Stock Exchange, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no
sales were reported) as quoted on the principal exchange or system on which the Common Stock is listed (as determined by the Administrator)
on the date of determination (or, if no closing sales price or closing bid was reported on that date, as applicable, on the last
trading date such closing sales price or closing bid was reported), as reported in The Wall Street Journal or such other source
as the Administrator deems reliable;

 

(ii)
If the Common Stock is regularly quoted on an automated quotation system (including the OTC Bulletin Board) or by a recognized
securities dealer, its Fair Market Value shall be the closing sales price for such stock as quoted on such system or by such securities
dealer on the date of determination, but if selling prices are not reported, the Fair Market Value of a share of Common Stock
shall be the mean between the high bid and low asked prices for the Common Stock on the date of determination (or, if no such
prices were reported on that date, on the last date such prices were reported), as reported in The Wall Street Journal or such
other source as the Administrator deems reliable; or

 

(iii)
In the absence of an established market for the Common Stock of the type described in (i) and (ii), above, the Fair Market Value
thereof shall be determined by the Administrator in good faith.

 

(x)
“Grantee” means an Employee, Director or Consultant who receives an Award under the Plan.

 

(y)
“Incentive Stock Option” means an Option intended to qualify as an incentive stock option within the meaning
of Section 422 of the Code.

 

    	 	A-3	 

    	 

    

 

(z)
“Non-Qualified Stock Option” means an Option not intended to qualify as an Incentive Stock Option.

 

(aa)
“Officer” means a person who is an officer of the Company or a Related Entity within the meaning of Section
16 of the Exchange Act and the rules and regulations promulgated thereunder.

 

(bb)
“Option” means an option to purchase Shares pursuant to an Award Agreement granted under the Plan.

 

(cc)
“Parent” means a “parent corporation”, whether now or hereafter existing, as defined in Section
424(e) of the Code.

 

(dd)
“Performance-Based Compensation” means compensation qualifying as “performance-based compensation”
under Section 162(m) of the Code.

 

(ee)
“Plan” means this 2011 Stock Incentive Plan, as amended and restated.

 

(ff)
“Registration Date” means the first to occur of (i) the date the Common Stock is listed on one or more established
stock exchanges or national market systems, including without limitation The New York Stock Exchange; and (ii) in the event of
a Corporate Transaction, the date of the consummation of the Corporate Transaction if the same class of securities of the successor
corporation (or its Parent) issuable in such Corporate Transaction shall have been sold to the general public pursuant to a registration
statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended,
on or prior to the date of consummation of such Corporate Transaction.

 

(gg)
“Related Entity” means any Parent or Subsidiary of the Company.

 

(hh)
“Replaced” means that pursuant to a Corporate Transaction the Award is replaced with a comparable stock award
or a cash incentive program of the Company, the successor entity (if applicable) or Parent of either of them which preserves the
compensation element of such Award existing at the time of the Corporate Transaction and provides for subsequent payout in accordance
with the same (or a more favorable) vesting schedule applicable to such Award. The determination of Award comparability shall
be made by the Administrator and its determination shall be final, binding and conclusive.

 

(ii)
“Restricted Stock” means Shares issued under the Plan to the Grantee for such consideration, if any, and subject
to such restrictions on transfer, rights of first refusal, repurchase provisions, forfeiture provisions, and other terms and conditions
as established by the Administrator.

 

(jj)
“Restricted Stock Units” means an Award which may be earned in whole or in part upon the passage of time or
the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities
or a combination of cash, Shares or other securities as established by the Administrator.

 

(kk)
“Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor thereto.

 

(ll)
“SAR” means a stock appreciation right entitling the Grantee to Shares or cash compensation, as established
by the Administrator, measured by appreciation in the value of Common Stock.

 

(mm)
“Share” means a share of the Common Stock.

 

(nn)
“Subsidiary” means a “subsidiary corporation”, whether now or hereafter existing, as defined in
Section 424(f) of the Code.

 

    	 	A-4	 

    	 

    

 

3.
Stock Subject to the Plan.

 

(a)
Subject to the provisions of Section 10, below, the maximum aggregate number of Shares which may be issued pursuant to all Awards
(including Incentive Stock Options) is seven million five hundred thousand (7,500,000) Shares, and commencing with the first business
day of each calendar year beginning with 2018, such maximum aggregate number of Shares shall be increased by a number equal to
the lesser of (i) three percent (3%) of the number of Shares outstanding as of the last day of the immediately preceding calendar
year, (ii) one million (1,000,000) Shares, and (iii) such lesser number of Shares as may be determined by the Board. The Shares
to be issued pursuant to Awards may be authorized, but unissued, or reacquired Common Stock.

 

(b)
Any Shares covered by an Award (or portion of an Award) which is forfeited, canceled or expires (whether voluntarily or involuntarily)
shall be deemed not to have been issued for purposes of determining the maximum aggregate number of Shares which may be issued
under the Plan. Shares that actually have been issued under the Plan pursuant to an Award shall not be returned to the Plan and
shall not become available for future issuance under the Plan, except that if unvested Shares are forfeited, or repurchased by
the Company at the lower of their original purchase price or their Fair Market Value at the time of repurchase, such Shares shall
become available for future grant under the Plan. To the extent not prohibited by the listing requirements of The New York Stock
Exchange (or other established stock exchange or national market system on which the Common Stock is traded) or Applicable Law,
any Shares covered by an Award which are surrendered (i) in payment of the Award exercise or purchase price (including pursuant
to the “net exercise” of an option pursuant to Section 7(b)(v)) or (ii) in satisfaction of tax withholding obligations
incident to the exercise of an Award shall be deemed not to have been issued for purposes of determining the maximum number of
Shares which may be issued pursuant to all Awards under the Plan, unless otherwise determined by the Administrator.

 

4.
Administration of the Plan.

 

(a)
Plan Administrator.

 

(i)
Administration with Respect to Directors and Officers. With respect to grants of Awards to Directors or Employees who are
also Officers or Directors of the Company, the Plan shall be administered by (A) the Board or (B) a Committee designated by the
Board, which Committee shall be constituted in such a manner as to satisfy the Applicable Laws and to permit such grants and related
transactions under the Plan to be exempt from Section 16(b) of the Exchange Act in accordance with Rule 16b-3. Once appointed,
such Committee shall continue to serve in its designated capacity until otherwise directed by the Board.

 

(ii)
Administration With Respect to Consultants and Other Employees. With respect to grants of Awards to Employees or Consultants
who are neither Directors nor Officers of the Company, the Plan shall be administered by (A) the Board or (B) a Committee designated
by the Board, which Committee shall be constituted in such a manner as to satisfy the Applicable Laws. Once appointed, such Committee
shall continue to serve in its designated capacity until otherwise directed by the Board. The Board may authorize one or more
Officers to grant such Awards and may limit such authority as the Board determines from time to time.

 

(iii)
Administration With Respect to Covered Employees. Notwithstanding the foregoing, grants of Awards to any Covered Employee
intended to qualify as Performance-Based Compensation shall be made only by a Committee (or subcommittee of a Committee) which
is comprised solely of two or more Directors eligible to serve on a committee making Awards qualifying as Performance-Based Compensation.
In the case of such Awards granted to Covered Employees, references to the “Administrator” or to a “Committee”
shall be deemed to be references to such Committee or subcommittee.

 

(iv)
Administration Errors. In the event an Award is granted in a manner inconsistent with the provisions of this subsection
(a), such Award shall be presumptively valid as of its grant date to the extent permitted by the Applicable Laws.

 

(b)
Powers of the Administrator. Subject to Applicable Laws and the provisions of the Plan (including any other powers given
to the Administrator hereunder), and except as otherwise provided by the Board, the Administrator shall have the authority, in
its discretion:

 

    	 	A-5	 

    	 

    

 

(i)
to select the Employees, Directors and Consultants to whom Awards may be granted from time to time hereunder;

 

(ii)
to determine whether and to what extent Awards are granted hereunder;

 

(iii)
to determine the number of Shares or the amount of other consideration to be covered by each Award granted hereunder;

 

(iv)
to approve forms of Award Agreements for use under the Plan;

 

(v)
to determine the terms and conditions of any Award granted hereunder;

 

(vi)
to amend the terms of any outstanding Award granted under the Plan, provided that any amendment that would adversely affect the
Grantee’s rights under an outstanding Award shall not be made without the Grantee’s written consent, provided, however,
that an amendment or modification that may cause an Incentive Stock Option to become a Non-Qualified Stock Option shall not be
treated as adversely affecting the rights of the Grantee. Notwithstanding the foregoing, (A) the reduction or increase of the
exercise price of any Option awarded under the Plan and the base appreciation amount of any SAR awarded under the Plan and (B)
canceling an Option or SAR at a time when its exercise price or base appreciation amount (as applicable) exceeds the Fair Market
Value of the underlying Shares, in exchange for another Option, SAR, Restricted Stock, or other Award, in each case, shall not
be subject to shareholder approval;

 

(vii)
to construe and interpret the terms of the Plan and Awards, including without limitation, any notice of award or Award Agreement,
granted pursuant to the Plan;

 

(viii)
to grant Awards to Employees, Directors and Consultants employed outside the United States on such terms and conditions different
from those specified in the Plan as may, in the judgment of the Administrator, be necessary or desirable to further the purpose
of the Plan; and

 

(ix)
to take such other action, not inconsistent with the terms of the Plan, as the Administrator deems appropriate.

 

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

 

(c)
Indemnification. In addition to such other rights of indemnification as they may have as members of the Board or as Officers
or Employees of the Company or a Related Entity, members of the Board and any Officers or Employees of the Company or a Related
Entity to whom authority to act for the Board, the Administrator or the Company is delegated shall be defended and indemnified
by the Company to the extent permitted by law on an after-tax basis against all reasonable expenses, including attorneys’
fees, actually and necessarily incurred in connection with the defense of any claim, investigation, action, suit or proceeding,
or in connection with any appeal therein, to which they or any of them may be a party by reason of any action taken or failure
to act under or in connection with the Plan, or any Award granted hereunder, and against all amounts paid by them in settlement
thereof (provided such settlement is approved by the Company) or paid by them in satisfaction of a judgment in any such claim,
investigation, action, suit or proceeding, except in relation to matters as to which it shall be adjudged in such claim, investigation,
action, suit or proceeding that such person is liable for gross negligence, bad faith or intentional misconduct; provided, however,
that within thirty (30) days after the institution of such claim, investigation, action, suit or proceeding, such person shall
offer to the Company, in writing, the opportunity at the Company’s expense to defend the same.

 

5.
Eligibility. Awards other than Incentive Stock Options may be granted to Employees, Directors and Consultants. Incentive
Stock Options may be granted only to Employees of the Company or a Parent or a Subsidiary of the Company. An Employee, Director
or Consultant who has been granted an Award may, if otherwise eligible, be granted additional Awards. Awards may be granted to
such Employees, Directors or Consultants who are residing in non-U.S. jurisdictions as the Administrator may determine from time
to time.

 

    	 	A-6	 

    	 

    

 

6.
Terms and Conditions of Awards.

 

(a)
Types of Awards. The Administrator is authorized under the Plan to award any type of arrangement to an Employee, Director
or Consultant that is not inconsistent with the provisions of the Plan and that by its terms involves or might involve the issuance
of (i) Shares, (ii) cash or (iii) an Option, a SAR, or similar right with a fixed or variable price related to the Fair Market
Value of the Shares and with an exercise or conversion privilege related to the passage of time, the occurrence of one or more
events, or the satisfaction of performance criteria or other conditions. Such awards include, without limitation, Options, SARs,
sales or bonuses of Restricted Stock, Restricted Stock Units or Dividend Equivalent Rights, and an Award may consist of one such
security or benefit, or two (2) or more of them in any combination or alternative.

 

(b)
Designation of Award. Each Award shall be designated in the Award Agreement. In the case of an Option, the Option shall
be designated as either an Incentive Stock Option or a Non-Qualified Stock Option. However, notwithstanding such designation,
an Option will qualify as an Incentive Stock Option under the Code only to the extent the $100,000 limitation of Section 422(d)
of the Code is not exceeded. The $100,000 limitation of Section 422(d) of the Code is calculated based on the aggregate Fair Market
Value of the Shares subject to Options designated as Incentive Stock Options which become exercisable for the first time by a
Grantee during any calendar year (under all plans of the Company or any Parent or Subsidiary of the Company). For purposes of
this calculation, Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market
Value of the Shares shall be determined as of the grant date of the relevant Option. In the event that the Code or the regulations
promulgated thereunder are amended after the date the Plan becomes effective to provide for a different limit on the Fair Market
Value of Shares permitted to be subject to Incentive Stock Options, then such different limit will be automatically incorporated
herein and will apply to any Options granted after the effective date of such amendment.

 

(c)
Conditions of Award. Subject to the terms of the Plan, the Administrator shall determine the provisions, terms, and conditions
of each Award including, but not limited to, the Award vesting schedule, repurchase provisions, rights of first refusal, forfeiture
provisions, form of payment (cash, Shares, or other consideration) upon settlement of the Award, payment contingencies, and satisfaction
of any performance criteria. The performance criteria established by the Administrator may be based on any one of, or combination
of, the following: (i) net earnings or net income (before or after taxes), (ii) earnings per share or earnings per share growth,
total units or unit growth, (iii) net sales, sales growth, total revenue or revenue growth, (iv) operating income, net operating
profit or pre-tax profit, (v) return measures (including, but not limited to, return on assets, capital, invested capital, equity,
sales or revenue, (vi) cash flow (including, but not limited to, operating cash flow, free cash flow, cash flow return on equity,
and cash flow return on investment), (vii) earnings before or after taxes, interest, depreciation, and/or amortization, (viii)
gross or operating margins, (ix) productivity ratios, (x) share price or relative share price (including, but not limited to,
growth measures and total stockholder return), (xi) expense targets, (xii) margins, (xiii) operating efficiency, (xiv) market
share or change in market share, (xv) customer retention or satisfaction, (xvi) working capital targets, (xvii) completion of
strategic financing goals, acquisitions or alliances and clinical progress, (xviii) company project milestones and (xix) economic
value added (net operating profit after tax minus the sum of capital multiplied by the cost of capital). The performance criteria
may be applicable to the Company, Related Entities and/or any individual business units of the Company or any Related Entity.
Partial achievement of the specified criteria may result in a payment or vesting corresponding to the degree of achievement as
specified in the Award Agreement. In addition, the performance criteria shall be calculated in accordance with generally accepted
accounting principles, but excluding the effect (whether positive or negative) of any change in accounting standards and any other
item that is either unusual or infrequent in nature, as determined in accordance with Accounting Standards Codification Topic
225-20 “Extraordinary and Unusual Item” by the Administrator, occurring after the establishment of the performance
criteria applicable to the Award intended to be performance-based compensation. Each such adjustment, if any, shall be made solely
for the purpose of providing a consistent basis from period to period for the calculation of performance criteria in order to
prevent the dilution or enlargement of the Grantee’s rights with respect to an Award intended to be performance-based compensation.

 

(d)
Acquisitions and Other Transactions. The Administrator may issue Awards under the Plan in settlement, assumption or substitution
for, outstanding awards or obligations to grant future awards in connection with the Company or a Related Entity acquiring another
entity, an interest in another entity or an additional interest in a Related Entity whether by merger, stock purchase, asset purchase
or other form of transaction.

 

    	 	A-7	 

    	 

    

 

(e)
Deferral of Award Payment. The Administrator may establish one or more programs under the Plan to permit selected Grantees
the opportunity to elect to defer receipt of consideration upon exercise of an Award, satisfaction of performance criteria, or
other event that absent the election would entitle the Grantee to payment or receipt of Shares or other consideration under an
Award. The Administrator may establish the election procedures, the timing of such elections, the mechanisms for payments of,
and accrual of interest or other earnings, if any, on amounts, Shares or other consideration so deferred, and such other terms,
conditions, rules and procedures that the Administrator deems advisable for the administration of any such deferral program.

 

(f)
Separate Programs. The Administrator may establish one or more separate programs under the Plan for the purpose of issuing
particular forms of Awards to one or more classes of Grantees on such terms and conditions as determined by the Administrator
from time to time.

 

(g)
Individual Limitations on Awards.

 

(i)
Individual Limit for Options and SARs. For Options and SARs that are intended to be Performance-Based Compensation, the
maximum number of Shares with respect to which Options and SARs may be granted to any Grantee in any fiscal year of the Company
shall be five hundred thousand (500,000) Shares. The foregoing limitation shall be adjusted proportionately in connection with
any change in the Company’s capitalization pursuant to Section 10, below. To the extent required by Section 162(m) of the
Code or the regulations thereunder, in applying the foregoing limitation with respect to a Grantee, if any Option or SAR is canceled,
the canceled Option or SAR shall continue to count against the maximum number of Shares with respect to which Options and SARs
may be granted to the Grantee. For this purpose, the repricing of an Option (or in the case of a SAR, the base amount on which
the stock appreciation is calculated is reduced to reflect a reduction in the Fair Market Value of the Common Stock) shall be
treated as the cancellation of the existing Option or SAR and the grant of a new Option or SAR.

 

(ii)
Individual Limit for Restricted Stock and Restricted Stock Units. For awards of Restricted Stock and Restricted Stock Units
that are intended to be Performance-Based Compensation, the maximum number of Shares with respect to which such Awards may be
granted to any Grantee in any fiscal year of the Company shall be five hundred thousand (500,000) Shares. The foregoing limitation
shall be adjusted proportionately in connection with any change in the Company’s capitalization pursuant to Section 10,
below.

 

(h)
Deferral. If the vesting or receipt of Shares under an Award is deferred to a later date, any amount (whether denominated
in Shares or cash) paid in addition to the original number of Shares subject to such Award will not be treated as an increase
in the number of Shares subject to the Award if the additional amount is based either on a reasonable rate of interest or on one
or more predetermined actual investments such that the amount payable by the Company at the later date will be based on the actual
rate of return of a specific investment (including any decrease as well as any increase in the value of an investment).

 

(i)
Early Exercise. The Award Agreement may, but need not, include a provision whereby the Grantee may elect at any time while
an Employee, Director or Consultant to exercise any part or all of the Award prior to full vesting of the Award. Any unvested
Shares received pursuant to such exercise may be subject to a repurchase right in favor of the Company or a Related Entity or
to any other restriction the Administrator determines to be appropriate.

 

(j)
Term of Award. The term of each Award shall be the term stated in the Award Agreement, provided, however, that the term
of an Incentive Stock Option shall be no more than ten (10) years from the date of grant thereof. However, in the case of an Incentive
Stock Option granted to a Grantee who, at the time the Option is granted, owns stock representing more than ten percent (10%)
of the voting power of all classes of stock of the Company or any Parent or Subsidiary of the Company, the term of the Incentive
Stock Option shall be five (5) years from the date of grant thereof or such shorter term as may be provided in the Award Agreement.
Notwithstanding the foregoing, the specified term of any Award shall not include any period for which the Grantee has elected
to defer the receipt of the Shares or cash issuable pursuant to the Award.

 

    	 	A-8	 

    	 

    

 

(k)
Transferability of Awards. Incentive Stock Options may not be sold, pledged, assigned, hypothecated, transferred, or disposed
of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the
Grantee, only by the Grantee. Other Awards shall be transferable (i) by will and by the laws of descent and distribution and (ii)
during the lifetime of the Grantee, to the extent and in the manner authorized by the Administrator. Notwithstanding the foregoing,
the Grantee may designate one or more beneficiaries of the Grantee’s Award in the event of the Grantee’s death on
a beneficiary designation form provided by the Administrator.

 

(l)
Time of Granting Awards. The date of grant of an Award shall for all purposes be the date on which the Administrator makes
the determination to grant such Award, or such other later date as is determined by the Administrator.

 

7.
Award Exercise or Purchase Price, Consideration and Taxes.

 

(a)
Exercise or Purchase Price. The exercise or purchase price, if any, for an Award shall be as follows:

 

(i)
In the case of an Incentive Stock Option:

 

(A)
granted to an Employee who, at the time of the grant of such Incentive Stock Option owns stock representing more than ten percent
(10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary of the Company, the per Share exercise
price shall be not less than one hundred ten percent (110%) of the Fair Market Value per Share on the date of grant; or

 

(B)
granted to any Employee other than an Employee described in the preceding paragraph, the per Share exercise price shall be not
less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant.

 

(ii)
In the case of a Non-Qualified Stock Option, the per Share exercise price shall be not less than one hundred percent (100%) of
the Fair Market Value per Share on the date of grant.

 

(iii)
In the case of Awards intended to qualify as Performance-Based Compensation, the exercise or purchase price, if any, shall be
not less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant.

 

(iv)
In the case of SARs, the base appreciation amount shall not be less than one hundred percent (100%) of the Fair Market Value per
Share on the date of grant.

 

(v)
In the case of other Awards, such price as is determined by the Administrator.

 

(vi)
Notwithstanding the foregoing provisions of this Section 7(a), in the case of an Award issued pursuant to Section 6(d), above,
the exercise or purchase price for the Award shall be determined in accordance with the provisions of the relevant instrument
evidencing the agreement to issue such Award.

 

(b)
Consideration. Subject to Applicable Laws, the consideration to be paid for the Shares to be issued upon exercise or purchase
of an Award including the method of payment, shall be determined by the Administrator. In addition to any other types of consideration
the Administrator may determine, the Administrator is authorized to accept as consideration for Shares issued under the Plan the
following:

 

(i)
cash;

 

(ii)
check;

 

    	 	A-9	 

    	 

    

 

(iii)
surrender of Shares or delivery of a properly executed form of attestation of ownership of Shares as the Administrator may require
which have a Fair Market Value on the date of surrender or attestation equal to the aggregate exercise price of the Shares as
to which said Award shall be exercised;

 

(iv)
with respect to Options, if the exercise occurs on or after the Registration Date, payment through a broker-dealer sale and remittance
procedure pursuant to which the Grantee (A) shall provide written instructions to a Company designated brokerage firm to effect
the immediate sale of some or all of the purchased Shares and remit to the Company sufficient funds to cover the aggregate exercise
price payable for the purchased Shares and (B) shall provide written directives to the Company to deliver the certificates for
the purchased Shares directly to such brokerage firm in order to complete the sale transaction;

 

(v)
with respect to Options, payment through a “net exercise” such that, without the payment of any funds, the Grantee
may exercise the Option and receive the net number of Shares equal to (i) the number of Shares as to which the Option is being
exercised, multiplied by (ii) a fraction, the numerator of which is the Fair Market Value per Share (on such date as is determined
by the Administrator) less the exercise price per Share, and the denominator of which is such Fair Market Value per Share (the
number of net Shares to be received shall be rounded down to the nearest whole number of Shares); or

 

(vi)
any combination of the foregoing methods of payment.

 

The
Administrator may at any time or from time to time, by adoption of or by amendment to the standard forms of Award Agreement described
in Section 4(b)(iv), or by other means, grant Awards which do not permit all of the foregoing forms of consideration to be used
in payment for the Shares or which otherwise restrict one or more forms of consideration.

 

(c)
Taxes. No Shares shall be delivered under the Plan to any Grantee or other person until such Grantee or other person has
made arrangements acceptable to the Administrator for the satisfaction of any non-U.S., federal, state, or local income and employment
tax withholding obligations, including, without limitation, obligations incident to the receipt of Shares. Upon exercise or vesting
of an Award the Company shall withhold or collect from the Grantee an amount sufficient to satisfy such tax obligations, including,
but not limited to, by surrender of the whole number of Shares covered by the Award sufficient to satisfy the amount required
to be withheld (provided the amount withheld does not exceed the maximum statutory tax rate for an employee in the applicable
jurisdiction(s) or such lesser amount as is necessary to avoid adverse accounting treatment) reduced to the lowest whole number
of Shares if such number of Shares withheld would result in withholding a fractional Share with any remaining tax withholding
settled in cash.

 

8.
Exercise of Award.

 

(a)
Procedure for Exercise; Rights as a Stockholder.

 

(i)
Any Award granted hereunder shall be exercisable at such times and under such conditions as determined by the Administrator under
the terms of the Plan and specified in the Award Agreement.

 

(ii)
An Award shall be deemed to be exercised when written notice of such exercise has been given to the Company in accordance with
the terms of the Award by the person entitled to exercise the Award and full payment for the Shares with respect to which the
Award is exercised has been made, including, to the extent selected, use of the broker-dealer sale and remittance procedure to
pay the purchase price as provided in Section 7(b)(iv).

 

(b)
Exercise of Award Following Termination of Continuous Service.

 

(i)
An Award may not be exercised after the termination date of such Award set forth in the Award Agreement and may be exercised following
the termination of a Grantee’s Continuous Service only to the extent provided in the Award Agreement.

 

    	 	A-10	 

    	 

    

 

(ii)
Where the Award Agreement permits a Grantee to exercise an Award following the termination of the Grantee’s Continuous Service
for a specified period, the Award shall terminate to the extent not exercised on the last day of the specified period or the last
day of the original term of the Award, whichever occurs first.

 

(iii)
Any Award designated as an Incentive Stock Option to the extent not exercised within the time permitted by law for the exercise
of Incentive Stock Options following the termination of a Grantee’s Continuous Service shall convert automatically to a
Non-Qualified Stock Option and thereafter shall be exercisable as such to the extent exercisable by its terms for the period specified
in the Award Agreement.

 

9.
Conditions Upon Issuance of Shares.

 

(a)
If at any time the Administrator determines that the delivery of Shares pursuant to the exercise, vesting or any other provision
of an Award is or may be unlawful under Applicable Laws, the vesting or right to exercise an Award or to otherwise receive Shares
pursuant to the terms of an Award shall be suspended until the Administrator determines that such delivery is lawful and shall
be further subject to the approval of counsel for the Company with respect to such compliance. The Company shall have no obligation
to effect any registration or qualification of the Shares under federal or state laws.

 

(b)
As a condition to the exercise of an Award, the Company may require the person exercising such Award to represent and warrant
at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to
sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required by any Applicable
Laws.

 

10.
Adjustments Upon Changes in Capitalization. Subject to any required action by the stockholders of the Company and Section
11 hereof, the number of Shares covered by each outstanding Award, and the number of Shares which have been authorized for issuance
under the Plan but as to which no Awards have yet been granted or which have been returned to the Plan, the exercise or purchase
price of each such outstanding Award, the maximum number of Shares with respect to which Awards may be granted to any Grantee
in any calendar year, as well as any other terms that the Administrator determines require adjustment shall be proportionately
adjusted for (i) any increase or decrease in the number of issued Shares resulting from a stock split, reverse stock split, stock
dividend, recapitalization, combination or reclassification of the Shares, or similar transaction affecting the Shares, (ii) any
other increase or decrease in the number of issued Shares effected without receipt of consideration by the Company, or (iii) any
other transaction with respect to Common Stock including a corporate merger, consolidation, acquisition of property or stock,
separation (including a spin-off or other distribution of stock or property), reorganization, liquidation (whether partial or
complete) or any similar transaction; provided, however that conversion of any convertible securities of the Company shall not
be deemed to have been “effected without receipt of consideration.” In the event of any distribution of cash or other
assets to stockholders other than a normal cash dividend, the Administrator shall also make such adjustments as provided in this
Section 10 or substitute, exchange or grant Awards to effect such adjustments (collectively “adjustments”). Any such
adjustments to outstanding Awards will be effected in a manner that precludes the enlargement of rights and benefits under such
Awards. In connection with the foregoing adjustments, the Administrator may, in its discretion, prohibit the exercise of Awards
or other issuance of Shares, cash or other consideration pursuant to Awards during certain periods of time. Except as the Administrator
determines, no issuance by the Company of shares of any class, or securities convertible into shares of any class, shall affect,
and no adjustment by reason hereof shall be made with respect to, the number or price of Shares subject to an Award.

 

11.
Acceleration of Awards Upon a Change in Control. Except as provided otherwise in an Award Agreement, in the event of a
Change in Control and irrespective of whether the Award is Assumed or Replaced, (a) outstanding Options and SARs shall immediately
vest and become exercisable; and (b) the restrictions and other conditions applicable to outstanding Restricted Stock, Restricted
Stock Units, and other Share-based Awards, including vesting requirements, shall immediately lapse, and any performance criteria
relevant to such Awards shall be deemed to have been achieved at the target performance level; such Awards shall be free of all
restrictions and fully vested; and, with respect to Restricted Stock Units, shall be payable immediately in accordance with their
terms or, if later, as of the earliest permissible date under Section 409A of the Code. The Administrator may provide that Awards
that remain outstanding after vesting pursuant to the preceding sentence will be Assumed or Replaced in connection with the Change
in Control. With respect to Options and SARs, the Administrator may also provide for the cashing out of outstanding and vested
Options and SARs based on the based upon the per-Share consideration being paid in connection with such Change in Control, less
the applicable exercise price or base amount; provided, however, that holders of Options and SARs shall be entitled to consideration
in respect of cancellation of such Awards only if the per-Share consideration less the applicable exercise price or base amount
is greater than $0, and to the extent that the per-share consideration is less than or equal to the applicable exercise price
or base amount, such Awards shall be cancelled for no consideration. Awards need not be treated uniformly. Notwithstanding the
foregoing, with respect to any Award that constitutes deferred compensation under Section 409A of the Code, to the extent required
to comply with Section 409A of the Code, a transaction that does not constitute a change in control event under Treasury Regulation
Section 1.409A-3(i)(5)(i) shall not be considered a Change in Control.

 

    	 	A-11	 

    	 

    

 

(a)
Effect of Acceleration on Incentive Stock Options. Any Incentive Stock Option accelerated under this Section 11 in connection
with a Change in Control shall remain exercisable as an Incentive Stock Option under the Code only to the extent the $100,000
dollar limitation of Section 422(d) of the Code is not exceeded.

 

12.
Effective Date and Term of Plan. The Plan first became effective upon its adoption by the Board on August 5, 2011. Subject
to stockholder approval of the amendment and restatement of the Plan by the Company’s stockholders at the Company’s
Annual Meeting of Stockholders on December 6, 2016, the Plan shall continue in effect for a term of ten (10) years following the
date of such Annual Meeting, unless sooner terminated.

 

13.
Amendment, Suspension or Termination of the Plan.

 

(a)
The Board may at any time amend, suspend or terminate the Plan; provided, however, that no such amendment shall be made without
the approval of the Company’s stockholders to the extent such approval is required by Applicable Laws.

 

(b)
No Award may be granted during any suspension of the Plan or after termination of the Plan.

 

(c)
No suspension or termination of the Plan (including termination of the Plan under Section 11, above) shall adversely affect any
rights under Awards already granted to a Grantee.

 

14.
Reservation of Shares.

 

(a)
The Company, during the term of the Plan, will at all times reserve and keep available such number of Shares as shall be sufficient
to satisfy the requirements of the Plan.

 

(b)
The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the
Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of
any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been
obtained.

 

15.
No Effect on Terms of Employment/Consulting Relationship. The Plan shall not confer upon any Grantee any right with respect
to the Grantee’s Continuous Service, nor shall it interfere in any way with his or her right or the right of the Company
or any Related Entity to terminate the Grantee’s Continuous Service at any time, with or without cause, and with or without
notice.

 

16.
No Effect on Retirement and Other Benefit Plans. Except as specifically provided in a retirement or other benefit plan
of the Company or a Related Entity, Awards shall not be deemed compensation for purposes of computing benefits or contributions
under any retirement plan of the Company or a Related Entity, and shall not affect any benefits under any other benefit plan of
any kind or any benefit plan subsequently instituted under which the availability or amount of benefits is related to level of
compensation. The Plan is not a “Pension Plan” or “Welfare Plan” under the Employee Retirement Income
Security Act of 1974, as amended.

 

17.
Stockholder Approval. The grant of Incentive Stock Options under the Plan shall be subject to approval by the stockholders
of the Company within twelve (12) months before or after the date the Plan is adopted excluding Incentive Stock Options issued
in substitution for outstanding Incentive Stock Options pursuant to Section 424(a) of the Code. Such stockholder approval shall
be obtained in the degree and manner required under Applicable Laws. The Administrator may grant Incentive Stock Options under
the Plan prior to approval by the stockholders, but until such approval is obtained, no such Incentive Stock Option shall be exercisable.
In the event that stockholder approval is not obtained within the twelve (12) month period provided above, all Incentive Stock
Options previously granted under the Plan shall be exercisable as Non-Qualified Stock Options.

 

    	 	A-12	 

    	 

    

 

18.
Unfunded Obligation. Grantees shall have the status of general unsecured creditors of the Company. Any amounts payable
to Grantees pursuant to the Plan shall be unfunded and unsecured obligations for all purposes, including, without limitation,
Title I of the Employee Retirement Income Security Act of 1974, as amended. Neither the Company nor any Related Entity shall be
required to segregate any monies from its general funds, or to create any trusts, or establish any special accounts with respect
to such obligations. The Company shall retain at all times beneficial ownership of any investments, including trust investments,
which the Company may make to fulfill its payment obligations hereunder. Any investments or the creation or maintenance of any
trust or any Grantee account shall not create or constitute a trust or fiduciary relationship between the Administrator, the Company
or any Related Entity and a Grantee, or otherwise create any vested or beneficial interest in any Grantee or the Grantee’s
creditors in any assets of the Company or a Related Entity. The Grantees shall have no claim against the Company or any Related
Entity for any changes in the value of any assets that may be invested or reinvested by the Company with respect to the Plan.

 

19.
Construction. Captions and titles contained herein are for convenience only and shall not affect the meaning or interpretation
of any provision of the Plan. Except when otherwise indicated by the context, the singular shall include the plural and the plural
shall include the singular. Use of the term “or” is not intended to be exclusive, unless the context clearly requires
otherwise.

 

20.
Nonexclusivity of the Plan. Neither the adoption of the Plan by the Board, the submission of the Plan to the stockholders
of the Company for approval, nor any provision of the Plan will be construed as creating any limitations on the power of the Board
to adopt such additional compensation arrangements as it may deem desirable, including, without limitation, the granting of Awards
otherwise than under the Plan, and such arrangements may be either generally applicable or applicable only in specific cases.

 

    	 	A-13

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