Document:

Exhibit 10.3

 

LOCKUP AGREEMENT

 

This Lockup Agreement (this “Agreement”)
is dated as of February 5, 2021 and is between FS Development Corp., a Delaware corporation (“FSD”),
and each of the stockholder parties identified on Exhibit A hereto and the other persons who enter into a joinder to this
Agreement substantially in the form of Exhibit B hereto with FSD in order to become a “Stockholder Party” for
purposes of this Agreement (collectively, the “Stockholder Parties”). Capitalized terms used but not
defined herein shall have the meanings assigned to them in the Merger Agreement (as defined below).

 

BACKGROUND:

 

WHEREAS, pursuant
to that certain Agreement and Plan of Merger, dated as of October 15, 2020 (the “Merger Agreement”),
FSG Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of FSD, will merge (the “Merger”)
with and into Gemini Therapeutics, Inc., a Delaware corporation (“Gemini”), with Gemini surviving the
Merger as a wholly owned subsidiary of FSD;

 

WHEREAS, each
of the Stockholder Parties owns the number and type of Equity Interest in Gemini set forth opposite of such Stockholder Party’s
name on Exhibit A (such Equity Interests, the “Gemini Equity Interests”);

 

WHEREAS, each
of the Stockholder Parties will receive a certain number of shares of Class A common stock, $0.0001 par value per share, of FSD
and/or options to purchase such shares of Class A common stock (the “FSD Equity Interests”, together
with the Gemini Equity Interests, and together with any of the foregoing acquired after the date hereof, the “Covered
Equity Interest”), pursuant to the terms of the Merger Agreement;

 

WHEREAS, in
consideration for the benefits to be received by each Stockholder Party under the terms of the Merger Agreement and as a material
inducement to FSD and the other Parent Parties agreeing to enter into and consummate the transactions contemplated by the Merger
Agreement, each Stockholder Party agrees to enter into this Agreement and to be bound by the agreements, covenants and obligations
contained in this Agreement; and

 

WHEREAS, the
parties hereto acknowledge and agree that FSD would not have entered into and agreed to consummate the transactions contemplated
by the Merger Agreement without each Stockholder Party entering into this Agreement and agreeing to be bound by the agreements,
covenants and obligations contained in this Agreement;

 

WHEREAS, in
connection with FSD entering into the Merger Agreement, the parties hereto wish to set forth herein certain understandings between
such parties with respect to restrictions on transfer of the Covered Equity Interest.

 

NOW, THEREFORE,
in consideration of the premises and the mutual promises set forth herein and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, each intending to be legally bound, hereby agree as follows:

 

Article I

INTRODUCTORY MATTERS

 

1.1 Defined
Terms. In addition to the terms defined elsewhere herein, the following terms have the following meanings when used herein
with initial capital letters:

 

“Agreement”
means this Lockup Agreement, as the same may be amended, supplemented, restated or otherwise modified from time to time in accordance
with the terms hereof.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder,
as the same may be amended from time to time.

 

“Lock-Up
Period” has the meaning set forth in Section 2.1(a).

 

“Merger
Agreement” has the meaning set forth in the Recitals.

 

    

    

    

 

“Non-Recourse
Party” has the meaning set forth in Section 4.16.

 

“Stockholder
Parties” has the meaning set forth in the Preamble.

 

1.2 Construction.
The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and
no rule of strict construction will be applied against any party. Unless the context otherwise requires: (a) “or” is
disjunctive but not exclusive, (b) words in the singular include the plural, and in the plural include the singular, and (c) the
words “hereof’, “herein”, and “hereunder” and words of similar import when used in this Agreement
refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section references are to sections
of this Agreement unless otherwise specified.

Article II

LOCKUP

2.1 Lockup.

 

		(a)	Each Stockholder Party agrees that such Stockholder Party
shall not Transfer any Covered Equity Interest or any securities convertible into or exercisable or exchangeable (directly or
indirectly) for any Covered Equity Interest (whether such Covered Equity Interest or any such securities are held by such Stockholder
Party as of the date hereof or are thereafter acquired) from the date hereof and ending one-hundred eighty (180) days following
the Closing Date (the “Lock-Up Period”). The foregoing restriction is expressly agreed to preclude each
Stockholder Party during the Lock-up Period from engaging in any hedging or other transaction which is designed to or which reasonably
could be expected to lead to or result in a sale or disposition of such Stockholder Party’s Covered Equity Interest even
if such Covered Equity Interest would be disposed of by someone other than the undersigned. Such prohibited hedging or other transactions
during the Lock-up Period would include without limitation any short sale or any purchase, sale or grant of any right (including,
without limitation, any put or call option) with respect to any of the Stockholder Party’s Covered Equity Interest or with
respect to any security that includes, relates to, or derives any significant part of its value from such Covered Equity Interest.
The foregoing notwithstanding, each executive officer and director of FSD shall be permitted to establish a plan to acquire and
sell Covered Equity Interest pursuant to Rule 10b5-1 under the Exchange Act; provided, however, no sale of any Covered Equity
Interest under any such plan shall be made prior to the expiration of the Lock-Up Period. For purposes of this agreement, “Transfer”
means to (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose
of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent position or liquidate or decrease
a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and regulations of the Commission
promulgated thereunder, with respect to any Covered Equity Interest, (ii) enter into any swap or other arrangement that transfers
to another, in whole or in part, any of the economic consequences of ownership of any Covered Equity Interest, whether any such
transaction is to be settled by delivery of such securities, in cash or otherwise, or (iii) publicly announce any intention to
effect any transaction, including the filing of a registration statement specified in clause (i) or (ii). Notwithstanding the
foregoing, a Transfer shall not be deemed to include any transfer for no consideration if the donee, trustee, heir or other transferee
has agreed in writing to be bound by the same terms under this Agreement to the extent and for the duration that such terms remain
in effect at the time of the Transfer, by executing and delivering the Form of Joinder Agreement set forth on Exhibit B to the
FSD.
	 	 	 

		(b)	Each Stockholder Party also agrees and consents to the
entry of stop transfer instructions with FSD’s transfer agent and registrar against the transfer of any Covered Equity Interest
except in compliance with the foregoing restrictions and to the addition of a legend to such Stockholder Party’s Covered
Equity Interest describing the foregoing restrictions.

 

    2

    

    

 

Article III

REPRESENTATIONS AND WARRANTIES OF THE STOCKHOLDER PARTIES

 

3.1 Stockholder
Representations and Warranties. Each Stockholder Party represents and warrants to FSD as follows:

 

		(a)	If Stockholder Party is not an individual, the Stockholder
Party is a corporation, limited liability company or other applicable business entity duly organized or formed, as applicable,
validly existing and in good standing (or the equivalent thereof, if applicable, in each case, with respect to the jurisdictions
that recognize the concept of good standing or any equivalent thereof) under the Laws of its jurisdiction of formation or organization
(as applicable).
	 	 	 

		(b)	If Stockholder Party is not an individual, the Stockholder
Party has the requisite corporate, limited liability company or other similar power and authority to execute and deliver this
Agreement, to perform its covenants, agreements and obligations hereunder (including, for the avoidance of doubt, those covenants,
agreements and obligations hereunder that relate to the provisions of the Merger Agreement), and to consummate the transactions
contemplated hereby. The execution and delivery of this Agreement has been duly authorized by all necessary corporate (or other
similar) action on the part of such Stockholder Party. This Agreement has been duly and validly executed and delivered by such
Stockholder Party and constitutes a valid, legal and binding agreement of each Stockholder Party (assuming that this Agreement
is duly authorized, executed and delivered by FSD), enforceable against each such Stockholder Party in accordance with its terms
(subject to applicable bankruptcy, insolvency, reorganization, moratorium or other Laws affecting generally the enforcement of
creditors’ rights and subject to general principles of equity).
	 	 	 

		(c)	Each Stockholder Party is the record and beneficial owner
of the Gemini Equity Interests set forth opposite such Stockholder Party’s name on Exhibit A hereto and has valid,
good and marketable title to the Gemini Equity Interests, free and clear of all Liens (other than transfer restrictions under
applicable Securities Law). Each Stockholder Party is not party to or bound by (i) any option, warrant, purchase right, or other
Contract that would (either alone or in connection with one or more events, developments (including the satisfaction or waiver
of any conditions precedent)) require such Stockholder Party to Transfer any of the Covered Equity Interests or (ii) any voting
trust, proxy or other Contract with respect to the voting or Transfer of any of the Covered Equity Interests.

 

Article IV

GENERAL PROVISIONS

 

4.1 Termination.
This Agreement and the obligations of each Stockholder Party hereunder shall automatically terminate upon the termination of the
Merger Agreement in accordance with its terms. Upon termination or expiration of this Agreement, no party shall have any further
obligations or liabilities under this Agreement; provided, however, that such termination or expiration shall not relieve any party
from liability for any willful breach of this Agreement occurring prior to its termination.

 

4.2 Notices.
All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be
deemed to have been duly given) by delivery in person, by facsimile (having obtained electronic delivery confirmation thereof)
if applicable, e-mail (having obtained electronic delivery confirmation thereof (i.e., an electronic record of the sender that
the email was sent to the intended recipient thereof without an “error” or similar message that such email was not
received by such intended recipient)), or by registered or certified mail (postage prepaid, return receipt requested) (upon receipt
thereof) to the other parties as follows.

 

    3

    

    

 

FSD’s address is:

FS Development Corp.

600 Montgomery Street, Suite 4500

San Francisco, California 94111

Attn: Dennis Ryan

e-mail: docs-Investments@foresitecapital.com

 

with a copy (which shall not constitute
notice) to:

 

White & Case LLP

1221 Avenue of the Americas

New York, New York 10020

Attention: Joel L. Rubinstein, Esq.

e-mail: joel.rubinstein@whitecase.com

 

such address as such Stockholder Party
shall furnish to FSD in writing.

 

4.3 Amendment;
Waiver.

 

		(a)	The terms and provisions of this Agreement may be modified
or amended only with the written approval of the FSD (including from and after the Effective Time, the approval of the member
of the board of directors of FSD nominated by the Sponsor) and Stockholder Parties holding a majority of the Covered Equity Interests
then held by the Stockholder Parties in the aggregate as to which this Agreement has not been terminated pursuant to Section
4.1.
	 	 	 

		(b)	Except as expressly set forth in this Agreement, neither
the failure nor delay on the part of any party hereto to exercise any right, remedy, power or privilege under this Agreement shall
operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy power or privilege preclude any other
or further exercise of the same or of any other right, remedy, power or privilege, nor shall any waiver of any right, remedy,
power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect
to any other occurrence.
	 	 	 

		(c)	No party shall be deemed to have waived any claim arising
out of this Agreement, or any right, remedy, power or privilege under this Agreement, unless the waiver of such claim, right,
remedy, power or privilege is expressly set forth in a written instrument duly executed and delivered on behalf of such party;
and any such waiver shall not be applicable or have any effect except in the specific instance in which it is given.

 

4.4 Further
Assurances. The parties hereto will sign such further documents, cause such meetings to be held, resolutions passed, exercise
their votes and do and perform and cause to be done such further acts and things necessary, proper or advisable in order to give
full effect to this Agreement and every provision hereof.

 

4.5 Assignment.
This Agreement may not be assigned without the express prior written consent of the other parties hereto, and any attempted assignment,
without such consents, will be null and void. This Agreement will inure to the benefit of and be binding on the parties hereto
and their respective successors and permitted assigns.

 

4.6 Third
Parties. Except with respect to any Non-Recourse Party, this Agreement does not create any rights, claims or benefits inuring
to any person that is not a party hereto nor create or establish any third party beneficiary hereto.

 

4.7 Governing
Law. THIS AGREEMENT AND THE LEGAL RELATIONS BETWEEN THE PARTIES ARISING HEREUNDER SHALL BE GOVERNED BY AND INTERPRETED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE WITHOUT REFERENCE TO ITS CONFLICTS OF LAW PROVISIONS.

 

    4

    

    

 

4.8 Jurisdiction;
Waiver of Jury Trial. All Actions arising out of or relating to this Agreement shall be heard and determined exclusively
in any Delaware Chancery Court. The parties hereto hereby (i) submit to the exclusive jurisdiction of the Delaware Chancery Court
for the purpose of any Action arising out of or relating to this Agreement brought by any party hereto, and (ii) irrevocably waive,
and agree not to assert by way of motion, defense, or otherwise, in any such Action, any claim that it is not subject personally
to the jurisdiction of the abovenamed courts, that its property is exempt or immune from attachment or execution, that the Action
is brought in an inconvenient forum, that the venue of the Action is improper, or that this Agreement or the transactions contemplated
hereunder may not be enforced in or by any of the above-named courts.

 

4.9 Specific
Performance. Each party hereto acknowledges and agrees that in the event of any breach of this Agreement by any of them,
the other parties hereto would be irreparably harmed and could not be made whole by monetary damages. Each party accordingly agrees
to waive the defense in any action for specific performance that a remedy at law would be adequate and that the parties, in addition
to any other remedy to which they may be entitled at law or in equity, shall be entitled to specific performance of this Agreement
without the posting of a bond.

 

4.10 Entire
Agreement. This Agreement sets forth the entire understanding of the parties hereto with respect to the subject matter
hereof. There are no agreements, representations, warranties, covenants or understandings with respect to the subject matter hereof
other than those expressly set forth herein. This Agreement supersedes all other prior agreements and understandings between the
parties with respect to such subject matter.

 

4.11 Severability.
If any provision of this Agreement, or the application of such provision to any Person or circumstance or in any jurisdiction,
shall be held to be invalid or unenforceable to any extent, (i) the remainder of this Agreement shall not be affected thereby,
and each other provision hereof shall be valid and enforceable to the fullest extent permitted by Law, (ii) as to such Person or
circumstance or in such jurisdiction such provision shall be reformed to be valid and enforceable to the fullest extent permitted
by Law and (iii) the application of such provision to other Persons or circumstances or in other jurisdictions shall not be affected
thereby.

 

4.12 Table
of Contents, Headings and Captions. The table of contents, headings, subheadings and captions contained in
this Agreement are included for convenience of reference only, and in no way define, limit or describe the scope of this Agreement
or the intent of any provision hereof.

 

4.13 Counterparts.
This Agreement and any amendment hereto may be signed in any number of separate counterparts, each of which shall be deemed an
original, but all of which taken together shall constitute one agreement (or amendment, as applicable).

 

4.14 Effectiveness.
This Agreement shall be valid and enforceable as of the date of this Agreement and may not be revoked by any party hereto.

 

4.15 No
Recourse. This Agreement may only be enforced against, and any claim or cause of action that may be based upon, arise out
of or relate to this Agreement, or the negotiation, execution or performance of this Agreement, the transactions contemplated hereby
or the subject matter hereof may only be made against the parties hereto and no past, present or future Affiliate, director, officer,
employee, incorporator, member, manager, partner, shareholder, agent, attorney or representative of any party hereto or any past,
present or future Affiliate, director, officer, employee, incorporator, member, manager, partner, stockholder, agent, attorney
or representative of any of the foregoing (each, a “Non-Recourse Party”) shall have any liability for
any obligations or liabilities of the parties to this Agreement or for any claim based on, in respect of, or by reason of, the
transactions contemplated hereby. Without limiting the rights of any party against the other parties hereto, in no event shall
any party or any of its Affiliates seek to enforce this Agreement against, make any claims for breach of this Agreement against,
or seek to recover monetary damages from, any Non-Recourse Party.

 

[Remainder of Page Intentionally Left
Blank]

 

    5

    

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Lockup Agreement on the day and year first above written.

 

	 	FS DEVELOPMENT CORP.
	 	 
	 	By:	/s/ Jim Tananbaum
	 	Name:	Jim Tananbaum
	 	Title:	Chief Executive Officer

 

    6

    

    

 

	 	VOTING PARTIES:
	 	 
	 	LIGHTSTONE VENTURES, L.P.
	 	 
	 	By:	LSV Associates, L.L.C.,
	 	its general partner

 

	 	By:	/s/ Jean M. George
	 	Name:	Jean M. George
	 	Title:	Managing Director

 

	 	LIGHTSTONE VENTURES (A), L.P.
	 	 
	 	By:	LSV Associates, L.L.C.,
	 	its general partner

 

	 	By:	/s/ Jean M. George
	 	Name: 	Jean M. George
	 	Title:	Managing Director

 

	 	LIGHTSTONE SINGAPORE, L.P.
	 	 
	 	By:	LSV Associates, L.L.C.,
	 	its general partner

 

	 	By:	 /s/ Jean M. George
	 	Name:	Jean M. George
	 	Title:	Managing Director

 

    7

    

    

 

	 	STOCKHOLDER PARTY:
	 	 
	 	ORBIMED PRIVATE INVESTMENTS VI, L.P.
	 	 
	 	By:	OrbiMed Capital GP VI LLC,
	 	its general partner

 

	 	By:	OrbiMed Advisors LLC,
	 	its general partner

 

		By:	/s/ Carl Gordon

		Name:	Carl Gordon

		Title:	Member

 

    8

    

    

 

	 	STOCKHOLDER PARTY:
	 	 
	 	ATLAS VENTURE FUND X, L.P.
	 	 
	 	By:	Atlas Venture Associates X, L.P.
	 	its General Partner
	 	 
	 	By:	Atlas Venture Associates X, LLC
	 	its General Partner

 

		By:	/s/ Ommer Chohan

		Name:	Ommer Chohan

		Title:	Chief Financial Officer

 

    9

    

    

 

	 	STOCKHOLDER PARTY:
	 	 
	 	WU CAPITAL INVESTMENT LLC
	 	 
	 	By:	Wu Capital Investment LLC
	 	Its: Director

 

	 	By:	/s/ Yajun Wu
	 	Name:	Yajun Wu
	 	Title:	Director

 

    10

    

    

 

	 	STOCKHOLDER PARTY:
	 	 
	 	By:	 /s/ Gregg Beloff

	 	Name:	Gregg Beloff

 

    11

    

    

 

	 	STOCKHOLDER PARTY:
	 	 
	 	By:	 /s/ Scott Lauder

	 	Name: 	Scott Lauder

 

    12

    

    

 

	 	STOCKHOLDER PARTY:
	 	 
	 	By:	/s/ Suresh Katti

	 	Name:	 Suresh Katti

 

    13

    

    

 

	 	STOCKHOLDER PARTY:
	 	 
	 	By:	 /s/ Walter Strapps

	 	Name:	Walter Strapps

 

    14

    

    

 

	 	STOCKHOLDER PARTY:
	 	 
	 	By:	/s/ Jason Meyenburg
	 	Name:	Jason Meyenburg

 

    15

    

    

 

	 	STOCKHOLDER PARTY:
	 	 
	 	By:	/s/ Marc Uknis

	 	Name: 	Marc Uknis

	 	

 

    16

    

    

 

	 	STOCKHOLDER PARTY:
	 	 
	 	By:	/s/ James McLaughlin
	 	Name:	James McLaughlin

 

    17

    

    

 

	 	STOCKHOLDER PARTY:
	 	 
	 	By:	/s/ Philip Reilly

	 	Name:	Philip Reilly

 

    18

    

    

 

	 	STOCKHOLDER PARTY:
	 	 
	 	By:	/s/ Stephen Squinto

	 	Name:	Stephen Squinto

 

    19

    

    

 

	 	STOCKHOLDER PARTY:
	 	 
	 	By:	/s/ Tuyen Ong

	 	Name:	Tuyen Ong

 

    20

    

    

 

	 	STOCKHOLDER PARTY:
	 	 
	 	By:	/s/ David Lubner

	 	Name:	David Lubner

 

    21

    

    

 

EXHIBIT A

STOCKHOLDER PARTIES

 

	 	 	Common	 	 	Series A	 	 	Series B	 	 	Options	 
	Lightstone Ventures, L.P.	 	 	 	 	 	 	11,653,137	 	 	 	976,931	 	 	 	 	 
	Lightstone Ventures (A), L.P.	 	 	 	 	 	 	1,587,559	 	 	 	133,112	 	 	 	 	 
	Lightstone Singapore L.P.	 	 	 	 	 	 	 	 	 	 	3,700,139	 	 	 	 	 
	OrbiMed Private Investments VI, L.P.	 	 	 	 	 	 	13,240,696	 	 	 	7,400,280	 	 	 	 	 
	Atlas Venture Fund X, L.P.	 	 	 	 	 	 	13,240,696	 	 	 	5,180,196	 	 	 	 	 
	Wu Capital	 	 	 	 	 	 	 	 	 	 	7,400,280	 	 	 	 	 
	Scott Lauder	 	 	480,000	 	 	 	 	 	 	 	 	 	 	 	 	 
	James McLaughlin	 	 	4,500,000	 	 	 	 	 	 	 	 	 	 	 	 	 
	Phil Reilly	 	 	185,175	 	 	 	 	 	 	 	 	 	 	 	 	 
	Steve Squinto	 	 	396,803	 	 	 	 	 	 	 	 	 	 	 	 	 
	Jason Meyenburg	 	 	 	 	 	 	 	 	 	 	 	 	 	 	3,285,939	 
	Gregg Beloff	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Marc Uknis	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Suresh Katti	 	 	 	 	 	 	 	 	 	 	 	 	 	 	319,535	 
	Walter Strapps	 	 	 	 	 	 	 	 	 	 	 	 	 	 	319,535	 
	David Lubner	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Tuyen Ong	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Phil Reilly	 	 	185,175	 	 	 	 	 	 	 	 	 	 	 	15,000	 

 

    

    

    

 

EXHIBIT B

FORM OF JOINDER TO LOCKUP AGREEMENT

 

[       ], 202

 

Reference is made to the Lockup Agreement,
dated as of February 5, 2021, by and between FSD Development Corp. and the Stockholder Parties (as defined therein) from time to
time party thereto (as amended from time to time, the “Lockup Agreement”). Capitalized terms used but not otherwise
defined herein shall have the meanings ascribed to such terms in the Lockup Agreement.

 

Each of FSD and each undersigned holder
of shares of FSD (each, a “New Stockholder Party”) agrees that this Joinder to the Lockup Agreement (this “Joinder”)
is being executed and delivered for good and valuable consideration.

 

Each undersigned New Stockholder Party
hereby agrees to and does become party to the Lockup Agreement as a Stockholder Party. This Joinder shall serve as a counterpart
signature page to the Lockup Agreement and by executing below each undersigned New Stockholder Party is deemed to have executed
the Lockup Agreement with the same force and effect as if originally named a party thereto.

 

This Joinder may be executed in multiple
counterparts, including by means of facsimile or electronic signature, each of which shall be deemed an original, but all of which
together shall constitute the same instrument.

 

[Remainder of Page Intentionally Left
Blank.]

 

    

    

    

 

IN WITNESS WHEREOF,
the undersigned have duly executed this joinder as of the date first set forth above.

 

	 	[NEW STOCKHOLDER PARTY]
	 	 
	 	By:	                    
	 	 	Name:
	 	 	Title
	 	 	 
	 	[COMPANY]
	 	 	 
	 	By:	         
	 	 	Name:
	 	 	TitleExhibit 10.4

 

GEMINI THERAPEUTICS, INC.

 

2021 STOCK OPTION AND INCENTIVE PLAN

 

SECTION
1. GENERAL PURPOSE OF THE PLAN; DEFINITIONS

 

The name of the plan
is the Gemini Therapeutics, Inc. 2021 Stock Option and Incentive Plan (the “Plan”). The purpose of the Plan is to encourage
and enable the officers, employees, Non-Employee Directors and Consultants of Gemini Therapeutics, Inc. (the “Company”)
and its Affiliates upon whose judgment, initiative and efforts the Company largely depends for the successful conduct of its business
to acquire a proprietary interest in the Company. It is anticipated that providing such persons with a direct stake in the Company’s
welfare will assure a closer identification of their interests with those of the Company and its stockholders, thereby stimulating
their efforts on the Company’s behalf and strengthening their desire to remain with the Company.

 

The following terms
shall be defined as set forth below:

 

“Act”
means the Securities Act of 1933, as amended, and the rules and regulations thereunder.

 

“Administrator”
means either the Board or the compensation committee of the Board or a similar committee performing the functions of the compensation
committee and which is comprised of not less than two Non Employee Directors who are independent.

 

“Affiliate”
means, at the time of determination, any “parent” or “subsidiary” of the Company as such terms are defined
in Rule 405 of the Act. The Board will have the authority to determine the time or times at which “parent” or
“subsidiary” status is determined within the foregoing definition.

 

 

“Award”
or “Awards,” except where referring to a particular category of grant under the Plan, shall include Incentive
Stock Options, Non-Qualified Stock Options, Stock Appreciation Rights, Restricted Stock Units, Restricted Stock Awards, Unrestricted
Stock Awards, Cash-Based Awards, and Dividend Equivalent Rights.

 

“Award Certificate”
means a written or electronic document setting forth the terms and provisions applicable to an Award granted under the Plan. Each
Award Certificate is subject to the terms and conditions of the Plan.

 

“Board”
means the Board of Directors of the Company.

 

“Cash-Based
Award” means an Award entitling the recipient to receive a cash-denominated payment.

 

“Closing Date”
means the date of the closing of the transactions contemplated by that certain Merger Agreement, dated as of October 15, 2020,
by and among the Company and the other parties thereto.

 

“Code”
means the Internal Revenue Code of 1986, as amended, and any successor Code, and related rules, regulations and interpretations.

 

“Consultant”
means a consultant or adviser who provides bona fide services to the Company or an Affiliate as an independent contractor
and who qualifies as a consultant or advisor under Instruction A.1.(a)(1) of Form S-8 under the Act.

 

“Dividend Equivalent
Right” means an Award entitling the grantee to receive credits based on cash dividends that would have been paid on the
shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued
to and held by the grantee.

 

“Effective
Date” means the date on which the Plan becomes effective as set forth in Section 19.

 

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

 

“Fair
Market Value” of the Stock on any given date means the fair market value of the Stock determined in good faith by
the Administrator; provided, however, that if the Stock is listed on the National Association of Securities Dealers Automated
Quotation System (“Nasdaq”), Nasdaq Global Market, The New York Stock Exchange or another national
securities exchange or traded on any established market, the determination shall be made by reference to market quotations.
If there are no market quotations for such date, the determination shall be made by reference to the last date preceding such
date for which there are market quotations.

 

     

     

    

 

“Incentive
Stock Option” means any Stock Option designated and qualified as an “incentive stock option” as defined in
Section 422 of the Code.

 

“Non-Employee
Director” means a member of the Board who is not also an employee of the Company or any Subsidiary.

 

“Non-Qualified
Stock Option” means any Stock Option that is not an Incentive Stock Option.

 

“Option”
or “Stock Option” means any option to purchase shares of Stock granted pursuant to Section 5.

 

“Restricted
Shares” means the shares of Stock underlying a Restricted Stock Award that remain subject to a risk of forfeiture or
the Company’s right of repurchase.

 

“Restricted
Stock Award” means an Award of Restricted Shares subject to such restrictions and conditions as the Administrator may
determine at the time of grant.

 

“Restricted
Stock Units” means an Award of stock units subject to such restrictions and conditions as the Administrator may determine
at the time of grant.

 

“Sale Event”
means (i) the sale of all or substantially all of the assets of the Company on a consolidated basis to an unrelated person
or entity, (ii) a merger, reorganization or consolidation pursuant to which the holders of the Company’s outstanding
voting power and outstanding stock immediately prior to such transaction do not own a majority of the outstanding voting power
and outstanding stock or other equity interests of the resulting or successor entity (or its ultimate parent, if applicable) immediately
upon completion of such transaction, (iii) the sale of all of the Stock of the Company to an unrelated person, entity or group
thereof acting in concert, or (iv) any other transaction in which the owners of the Company’s outstanding voting power
immediately prior to such transaction do not own at least a majority of the outstanding voting power of the Company or any successor
entity immediately upon completion of the transaction other than as a result of the acquisition of securities directly from the
Company.

 

“Sale Price”
means the value as determined by the Administrator of the consideration payable, or otherwise to be received by stockholders, per
share of Stock pursuant to a Sale Event.

 

“Section 409A”
means Section 409A of the Code and the regulations and other guidance promulgated thereunder.

 

“Service Relationship”
means any relationship as an employee, director or Consultant of the Company or any Affiliate (e.g., a Service Relationship
shall be deemed to continue without interruption in the event an individual’s status changes from full-time employee to part-time
employee or Consultant).

 

“Stock”
means the Common Stock, par value $0.0001 per share, of the Company, subject to adjustments pursuant to Section 3.

 

“Stock Appreciation
Right” means an Award entitling the recipient to receive shares of Stock (or cash, to the extent explicitly provided
for in the applicable Award Certificate) having a value equal to the excess of the Fair Market Value of the Stock on the date of
exercise over the exercise price of the Stock Appreciation Right multiplied by the number of shares of Stock with respect to which
the Stock Appreciation Right shall have been exercised.

 

“Subsidiary”
means any corporation or other entity (other than the Company) in which the Company has at least a 50 percent interest, either
directly or indirectly.

 

“Ten Percent
Owner” means an employee who owns or is deemed to own (by reason of the attribution rules of Section 424(d) of the
Code) more than 10 percent of the combined voting power of all classes of stock of the Company or any parent or subsidiary corporation.

 

“Unrestricted
Stock Award” means an Award of shares of Stock free of any restrictions.

 

    2

     

    

 

		SECTION 2.	ADMINISTRATION
OF PLAN; ADMINISTRATOR AUTHORITY TO SELECT GRANTEES AND DETERMINE AWARDS

 

(a) Administration
of Plan. The Plan shall be administered by the Administrator.

 

(b) Powers
of Administrator. The Administrator shall have the power and authority to grant Awards consistent with the terms of the Plan,
including the power and authority:

 

(i) to
select the individuals to whom Awards may from time to time be granted;

 

(ii) to
determine the time or times of grant, and the extent, if any, of Incentive Stock Options, Non-Qualified Stock Options, Stock Appreciation
Rights, Restricted Stock Awards, Restricted Stock Units, Unrestricted Stock Awards, Cash-Based Awards, and Dividend Equivalent
Rights, or any combination of the foregoing, granted to any one or more grantees;

 

(iii) to
determine the number of shares of Stock to be covered by any Award;

 

(iv) to
determine and modify from time to time the terms and conditions, including restrictions, not inconsistent with the terms of the
Plan, of any Award, which terms and conditions may differ among individual Awards and grantees, and to approve the forms of Award
Certificates;

 

(v) to
accelerate at any time the exercisability or vesting of all or any portion of any Award;

 

(vi) subject
to the provisions of Section 5(c), to extend at any time the period in which Stock Options may be exercised; and

 

(vii) at
any time to adopt, alter and repeal such rules, guidelines and practices for administration of the Plan and for its own acts and
proceedings as it shall deem advisable; to interpret the terms and provisions of the Plan and any Award (including related written
instruments); to make all determinations it deems advisable for the administration of the Plan; to decide all disputes arising
in connection with the Plan; and to otherwise supervise the administration of the Plan.

 

All decisions and interpretations
of the Administrator shall be binding on all persons, including the Company and Plan grantees.

 

(c) Delegation
of Authority to Grant Awards. Subject to applicable law, the Administrator, in its discretion, may delegate to a committee
consisting of one or more officers of the Company, including the Chief Executive Officer of the Company, all or part of the Administrator’s
authority and duties with respect to the granting of Awards to individuals who are (i) not subject to the reporting and other
provisions of Section 16 of the Exchange Act and (ii) not members of the delegated committee. Any such delegation by
the Administrator shall include a limitation as to the amount of Stock underlying Awards that may be granted during the period
of the delegation and shall contain guidelines as to the determination of the exercise price and the vesting criteria. The Administrator
may revoke or amend the terms of a delegation at any time but such action shall not invalidate any prior actions of the Administrator’s
delegate or delegates that were consistent with the terms of the Plan.

 

(d) Award
Certificate. Awards under the Plan shall be evidenced by Award Certificates that set forth the terms, conditions and limitations
for each Award which may include, without limitation, the term of an Award and the provisions applicable in the event employment
or service terminates.

 

(e) Indemnification.
Neither the Board nor the Administrator, nor any member of either or any delegate thereof, shall be liable for any act, omission,
interpretation, construction or determination made in good faith in connection with the Plan, and the members of the Board and
the Administrator (and any delegate thereof) shall be entitled in all cases to indemnification and reimbursement by the Company
in respect of any claim, loss, damage or expense (including, without limitation, reasonable attorneys’ fees) arising or resulting
therefrom to the fullest extent permitted by law and/or under the Company’s articles or bylaws or any directors’ and
officers’ liability insurance coverage which may be in effect from time to time and/or any indemnification agreement between
such individual and the Company.

 

(f) Foreign
Award Recipients. Notwithstanding any provision of the Plan to the contrary, in order to comply with the laws in other
countries in which the Company and its Subsidiaries operate or have employees or other individuals eligible for Awards, the
Administrator, in its sole discretion, shall have the power and authority to: (i) determine which Subsidiaries shall be
covered by the Plan; (ii) determine which individuals outside the United States are eligible to participate in the
Plan; (iii) modify the terms and conditions of any Award granted to individuals outside the United States to comply
with applicable foreign laws; (iv) establish subplans and modify exercise procedures and other terms and procedures, to
the extent the Administrator determines such actions to be necessary or advisable (and such subplans and/or modifications
shall be attached to this Plan as appendices); provided, however, that no such subplans and/or modifications shall increase
the share limitations contained in Section 3(a) hereof; and (v) take any action, before or after an Award is made,
that the Administrator determines to be necessary or advisable to obtain approval or comply with any local governmental
regulatory exemptions or approvals. Notwithstanding the foregoing, the Administrator may not take any actions hereunder, and
no Awards shall be granted, that would violate the Exchange Act or any other applicable United States securities law,
the Code, or any other applicable United States governing statute or law.

 

    3

     

    

 

		SECTION 3.	STOCK ISSUABLE
UNDER THE PLAN; MERGERS; SUBSTITUTION

 

(a) Stock
Issuable. The maximum number of shares of Stock reserved and available for issuance under the Plan shall be _____ shares (the
“Initial Limit”), subject to adjustment as provided in this Section 3, plus on January 1, 2022 and each January
1 thereafter, the number of shares of Stock reserved and available for issuance under the Plan shall be cumulatively increased
by (i) four (4%) percent of the number of shares of Stock issued and outstanding on the immediately preceding December 31
or (ii) such lesser number of shares as determined by the Administrator (the “Annual Increase”). Subject to such
overall limitation, the maximum aggregate number of shares of Stock that may be issued in the form of Incentive Stock Options shall
not exceed the Initial Limit subject to adjustment as provided in Section 3(b). For purposes of this limitation, the shares
of Stock underlying any awards under the Plan that are forfeited, canceled, held back upon exercise of an option or settlement
of an award to cover the exercise price or tax withholding, reacquired by the Company prior to vesting, satisfied without the issuance
of Stock or otherwise terminated (other than by exercise) shall be added back to the shares of Stock available for issuance under
the Plan and, to the extent permitted under Section 422 of the Code and the regulations promulgated thereunder, the shares
of Stock that may be issued as Incentive Stock Options. In the event the Company repurchases shares of Stock on the open market,
such shares shall not be added to the shares of Stock available for issuance under the Plan. Subject to such overall limitations,
shares of Stock may be issued up to such maximum number pursuant to any type or types of Award. The shares available for issuance
under the Plan may be authorized but unissued shares of Stock or shares of Stock reacquired by the Company.

 

(b) Changes
in Stock. Subject to Section 3(c) hereof, if, as a result of any reorganization, recapitalization, reclassification, stock
dividend, stock split, reverse stock split or other similar change in the Company’s capital stock, the outstanding shares
of Stock are increased or decreased or are exchanged for a different number or kind of shares or other securities of the Company,
or additional shares or new or different shares or other securities of the Company or other non-cash assets are distributed with
respect to such shares of Stock or other securities, or, if, as a result of any merger or consolidation, sale of all or substantially
all of the assets of the Company, the outstanding shares of Stock are converted into or exchanged for securities of the Company
or any successor entity (or a parent or subsidiary thereof), the Administrator shall make an appropriate or proportionate adjustment
in (i) the maximum number of shares reserved for issuance under the Plan, including the maximum number of shares that may
be issued in the form of Incentive Stock Options, (ii) the number and kind of shares or other securities subject to any then
outstanding Awards under the Plan, (iii) the repurchase price, if any, per share subject to each outstanding Restricted Stock
Award, and (iv) the exercise price for each share subject to any then outstanding Stock Options and Stock Appreciation Rights
under the Plan, without changing the aggregate exercise price (i.e., the exercise price multiplied by the number of shares subject
to Stock Options and Stock Appreciation Rights) as to which such Stock Options and Stock Appreciation Rights remain exercisable.
The Administrator shall also make equitable or proportionate adjustments in the number of shares subject to outstanding Awards
and the exercise price and the terms of outstanding Awards to take into consideration cash dividends paid other than in the ordinary
course or any other extraordinary corporate event. The adjustment by the Administrator shall be final, binding and conclusive.
No fractional shares of Stock shall be issued under the Plan resulting from any such adjustment, but the Administrator in its discretion
may make a cash payment in lieu of fractional shares.

 

    4

     

    

 

(c) Mergers
and Other Transactions. In the case of and subject to the consummation of a Sale Event, the parties thereto may cause the assumption
or continuation of Awards theretofore granted by the successor entity, or the substitution of such Awards with new Awards of the
successor entity or parent thereof, with appropriate adjustment as to the number and kind of shares and, if appropriate, the per
share exercise prices, as such parties shall agree. To the extent the parties to such Sale Event do not provide for the assumption,
continuation or substitution of Awards, upon the effective time of the Sale Event, the Plan and all outstanding Awards granted
hereunder shall terminate. In such case, except as may be otherwise provided in the relevant Award Certificate, all Awards with
time-based vesting, conditions or restrictions shall become fully vested and exercisable or nonforfeitable as of the effective
time of the Sale Event, and all Awards with conditions and restrictions relating to the attainment of performance goals may become
vested and exercisable or nonforfeitable in connection with a Sale Event in the Administrator’s discretion or to the extent
specified in the relevant Award Certificate. In the event of such termination, (i) the Company shall have the option (in its
sole discretion) to make or provide for a payment, in cash or in kind, to the grantees holding Options and Stock Appreciation Rights,
in exchange for the cancellation thereof, in an amount equal to the difference between (A) the Sale Price multiplied by the
number of shares of Stock subject to outstanding Options and Stock Appreciation Rights (to the extent then exercisable at prices
not in excess of the Sale Price) and (B) the aggregate exercise price of all such outstanding Options and Stock Appreciation
Rights (provided that, in the case of an Option or Stock Appreciation Right with an exercise price equal to or greater than the
Sale Price, such Option or Stock Appreciation Right shall be cancelled for no consideration); or (ii) each grantee shall be
permitted, within a specified period of time prior to the consummation of the Sale Event as determined by the Administrator, to
exercise all outstanding Options and Stock Appreciation Rights (to the extent then exercisable) held by such grantee. The Company
shall also have the option (in its sole discretion) to make or provide for a payment, in cash or in kind, to the grantees holding
other Awards in an amount equal to the Sale Price multiplied by the number of vested shares of Stock under such Awards.

 

(d) Maximum
Awards to Non-Employee Directors. Notwithstanding anything to the contrary in this Plan, the value of all Awards awarded under
this Plan and all other cash compensation paid by the Company to any Non-Employee Director in any calendar year for service as
a Non-Employee Director shall not exceed $750,000, provided, however that such amount shall be $1,000,000 for the calendar year
in which the applicable Non-Employee Director is initially elected or appointed to the Board. For the purpose of this limitation,
the value of any Award shall be its grant date fair value, as determined in accordance with FASB ASC 718 or successor provision
but excluding the impact of estimated forfeitures related to service-based vesting provisions.

 

		SECTION 4.	ELIGIBILITY

 

Grantees under the Plan
will be such employees, Non-Employee Directors and Consultants of the Company and its Affiliates as are selected from time to time
by the Administrator in its sole discretion; provided that Awards may not be granted to employees, Directors or Consultants who
are providing services only to any “parent” of the Company, as such term is defined in Rule 405 of the Act, unless
(i) the stock underlying the Awards is treated as “service recipient stock” under Section 409A or (ii) the
Company, in consultation with its legal counsel, has determined that such Awards are exempt from or otherwise comply with Section 409A.

 

		SECTION 5.	STOCK OPTIONS

 

(a) Award
of Stock Options. The Administrator may grant Stock Options under the Plan. Any Stock Option granted under the Plan shall be
in such form as the Administrator may from time to time approve.

 

Stock Options granted
under the Plan may be either Incentive Stock Options or Non-Qualified Stock Options. Incentive Stock Options may be granted only
to employees of the Company or any Subsidiary that is a “subsidiary corporation” within the meaning of Section 424(f)
of the Code. To the extent that any Option does not qualify as an Incentive Stock Option, it shall be deemed a Non-Qualified Stock
Option.

 

Stock Options granted
pursuant to this Section 5 shall be subject to the following terms and conditions and shall contain such additional terms
and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable. If the Administrator so
determines, Stock Options may be granted in lieu of cash compensation at the optionee’s election, subject to such terms and
conditions as the Administrator may establish.

 

(b) Exercise
Price. The exercise price per share for the Stock covered by a Stock Option granted pursuant to this Section 5 shall
be determined by the Administrator at the time of grant but shall not be less than 100 percent of the Fair Market Value on
the date of grant. In the case of an Incentive Stock Option that is granted to a Ten Percent Owner, the exercise price of
such Incentive Stock Option shall be not less than 110 percent of the Fair Market Value on the grant date. Notwithstanding
the foregoing, Stock Options may be granted with an exercise price per share that is less than 100 percent of the Fair Market
Value on the date of grant (i) pursuant to a transaction described in, and in a manner consistent with,
Section 424(a) of the Code, (ii) to individuals who are not subject to U.S. income tax on the date of grant, or
(iii) if the Stock Option is otherwise compliant with Section 409A.

 

    5

     

    

 

(c) Option
Term. The term of each Stock Option shall be fixed by the Administrator, but no Stock Option shall be exercisable more than
ten years after the date the Stock Option is granted. In the case of an Incentive Stock Option that is granted to a Ten Percent
Owner, the term of such Stock Option shall be no more than five years from the date of grant.

 

(d) Exercisability;
Rights of a Stockholder. Stock Options shall become exercisable at such time or times, whether or not in installments, as shall
be determined by the Administrator at or after the grant date. The Administrator may at any time accelerate the exercisability
of all or any portion of any Stock Option. An optionee shall have the rights of a stockholder only as to shares acquired upon the
exercise of a Stock Option and not as to unexercised Stock Options.

 

(e) Method
of Exercise. Stock Options may be exercised in whole or in part, by giving written or electronic notice of exercise to the
Company, specifying the number of shares to be purchased. Payment of the purchase price may be made by one or more of the following
methods except to the extent otherwise provided in the Option Award Certificate:

 

(i) In
cash, by certified or bank check or other instrument acceptable to the Administrator;

 

(ii) Through
the delivery (or attestation to the ownership following such procedures as the Company may prescribe) of shares of Stock that are
not then subject to restrictions under any Company plan. Such surrendered shares shall be valued at Fair Market Value on the exercise
date;

 

(iii) By
the optionee delivering to the Company a properly executed exercise notice together with irrevocable instructions to a broker to
promptly deliver to the Company cash or a check payable and acceptable to the Company for the purchase price; provided that in
the event the optionee chooses to pay the purchase price as so provided, the optionee and the broker shall comply with such procedures
and enter into such agreements of indemnity and other agreements as the Company shall prescribe as a condition of such payment
procedure; or

 

(iv) With
respect to Stock Options that are not Incentive Stock Options, by a “net exercise” arrangement pursuant to which the
Company will reduce the number of shares of Stock issuable upon exercise by the largest whole number of shares with a Fair Market
Value that does not exceed the aggregate exercise price.

 

Payment instruments will be received subject to collection.
The transfer to the optionee on the records of the Company or of the transfer agent of the shares of Stock to be purchased pursuant
to the exercise of a Stock Option will be contingent upon receipt from the optionee (or a purchaser acting in his stead in accordance
with the provisions of the Stock Option) by the Company of the full purchase price for such shares and the fulfillment of any other
requirements contained in the Option Award Certificate or applicable provisions of laws (including the satisfaction of any withholding
taxes that the Company is obligated to withhold with respect to the optionee). In the event an optionee chooses to pay the purchase
price by previously-owned shares of Stock through the attestation method, the number of shares of Stock transferred to the optionee
upon the exercise of the Stock Option shall be net of the number of attested shares. In the event that the Company establishes,
for itself or using the services of a third party, an automated system for the exercise of Stock Options, such as a system using
an internet website or interactive voice response, then the paperless exercise of Stock Options may be permitted through the use
of such an automated system.

 

(f) Annual
Limit on Incentive Stock Options. To the extent required for “incentive stock option” treatment under Section 422
of the Code, the aggregate Fair Market Value (determined as of the time of grant) of the shares of Stock with respect to which
Incentive Stock Options granted under this Plan and any other plan of the Company or its parent and subsidiary corporations become
exercisable for the first time by an optionee during any calendar year shall not exceed $100,000. To the extent that any Stock
Option exceeds this limit, it shall constitute a Non-Qualified Stock Option.

 

    6

     

    

 

 

		SECTION 6.	STOCK APPRECIATION
RIGHTS

 

(a) Award
of Stock Appreciation Rights. The Administrator may grant Stock Appreciation Rights under the Plan. A Stock Appreciation Right
is an Award entitling the recipient to receive shares of Stock (or cash, to the extent explicitly provided for in the applicable
Award Certificate) having a value equal to the excess of the Fair Market Value of a share of Stock on the date of exercise over
the exercise price of the Stock Appreciation Right multiplied by the number of shares of Stock with respect to which the Stock
Appreciation Right shall have been exercised.

 

(b) Exercise
Price of Stock Appreciation Rights. The exercise price of a Stock Appreciation Right shall not be less than 100 percent of
the Fair Market Value of the Stock on the date of grant.

 

(c) Grant
and Exercise of Stock Appreciation Rights. Stock Appreciation Rights may be granted by the Administrator independently of any
Stock Option granted pursuant to Section 5 of the Plan.

 

(d) Terms
and Conditions of Stock Appreciation Rights. Stock Appreciation Rights shall be subject to such terms and conditions as shall
be determined on the date of grant by the Administrator. The term of a Stock Appreciation Right may not exceed ten years. The terms
and conditions of each such Award shall be determined by the Administrator, and such terms and conditions may differ among individual
Awards and grantees.

 

		SECTION 7.	RESTRICTED STOCK
AWARDS

 

(a) Nature
of Restricted Stock Awards. The Administrator may grant Restricted Stock Awards under the Plan. A Restricted Stock Award is
any Award of Restricted Shares subject to such restrictions and conditions as the Administrator may determine at the time of grant.
Conditions may be based on continuing employment (or other Service Relationship) and/or achievement of pre-established performance
goals and objectives.

 

(b) Rights
as a Stockholder. Upon the grant of the Restricted Stock Award and payment of any applicable purchase price, a grantee shall
have the rights of a stockholder with respect to the voting of the Restricted Shares and receipt of dividends; provided that if
the lapse of restrictions with respect to the Restricted Stock Award is tied to the attainment of performance goals, any dividends
paid by the Company during the performance period shall accrue and shall not be paid to the grantee until and to the extent the
performance goals are met with respect to the Restricted Stock Award. Unless the Administrator shall otherwise determine, (i) uncertificated
Restricted Shares shall be accompanied by a notation on the records of the Company or the transfer agent to the effect that they
are subject to forfeiture until such Restricted Shares are vested as provided in Section 7(d) below, and (ii) certificated
Restricted Shares shall remain in the possession of the Company until such Restricted Shares are vested as provided in Section 7(d)
below, and the grantee shall be required, as a condition of the grant, to deliver to the Company such instruments of transfer as
the Administrator may prescribe.

 

(c) Restrictions.
Restricted Shares may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed of except as specifically
provided herein or in the Restricted Stock Award Certificate. Except as may otherwise be provided by the Administrator either in
the Award Certificate or, subject to Section 16 below, in writing after the Award is issued, if a grantee’s employment
(or other Service Relationship) with the Company and its Subsidiaries terminates for any reason, any Restricted Shares that have
not vested at the time of termination shall automatically and without any requirement of notice to such grantee from or other action
by or on behalf of, the Company be deemed to have been reacquired by the Company at their original purchase price (if any) from
such grantee or such grantee’s legal representative simultaneously with such termination of employment (or other Service
Relationship), and thereafter shall cease to represent any ownership of the Company by the grantee or rights of the grantee as
a stockholder. Following such deemed reacquisition of Restricted Shares that are represented by physical certificates, a grantee
shall surrender such certificates to the Company upon request without consideration.

 

(d) Vesting
of Restricted Shares. The Administrator at the time of grant shall specify the date or dates and/or the attainment of pre-established
performance goals, objectives and other conditions on which the non-transferability of the Restricted Shares and the Company’s
right of repurchase or forfeiture shall lapse. Subsequent to such date or dates and/or the attainment of such pre-established performance
goals, objectives and other conditions, the shares on which all restrictions have lapsed shall no longer be Restricted Shares and
shall be deemed “vested.”

 

    7

     

    

 

		SECTION 8.	RESTRICTED STOCK
UNITS

 

(a) Nature
of Restricted Stock Units. The Administrator may grant Restricted Stock Units under the Plan. A Restricted Stock Unit is an
Award of stock units that may be settled in shares of Stock (or cash, to the extent explicitly provided for in the Award Certificate)
upon the satisfaction of such restrictions and conditions at the time of grant. Conditions may be based on continuing employment
(or other Service Relationship) and/or achievement of pre-established performance goals and objectives. The terms and conditions
of each such Award shall be determined by the Administrator, and such terms and conditions may differ among individual Awards and
grantees. Except in the case of Restricted Stock Units with a deferred settlement date that complies with Section 409A, at
the end of the vesting period, the Restricted Stock Units, to the extent vested, shall be settled in the form of shares of Stock.
Restricted Stock Units with deferred settlement dates are subject to Section 409A and shall contain such additional terms
and conditions as the Administrator shall determine in its sole discretion in order to comply with the requirements of Section 409A.

 

(b) Election
to Receive Restricted Stock Units in Lieu of Compensation. The Administrator may, in its sole discretion, permit a grantee
to elect to receive a portion of future cash compensation otherwise due to such grantee in the form of an award of Restricted Stock
Units. Any such election shall be made in writing and shall be delivered to the Company no later than the date specified by the
Administrator and in accordance with Section 409A and such other rules and procedures established by the Administrator. Any
such future cash compensation that the grantee elects to defer shall be converted to a fixed number of Restricted Stock Units based
on the Fair Market Value of Stock on the date the compensation would otherwise have been paid to the grantee if such payment had
not been deferred as provided herein. The Administrator shall have the sole right to determine whether and under what circumstances
to permit such elections and to impose such limitations and other terms and conditions thereon as the Administrator deems appropriate.
Any Restricted Stock Units that are elected to be received in lieu of cash compensation shall be fully vested, unless otherwise
provided in the Award Certificate.

 

(c) Rights
as a Stockholder. A grantee shall have the rights as a stockholder only as to shares of Stock acquired by the grantee upon
settlement of Restricted Stock Units; provided, however, that the grantee may be credited with Dividend Equivalent Rights with
respect to the stock units underlying his or her Restricted Stock Units, subject to the provisions of Section 11 and such
terms and conditions as the Administrator may determine.

 

(d) Termination.
Except as may otherwise be provided by the Administrator either in the Award Certificate or, subject to Section 16 below,
in writing after the Award is issued, a grantee’s right in all Restricted Stock Units that have not vested shall automatically
terminate upon the grantee’s termination of employment (or cessation of Service Relationship) with the Company and its Subsidiaries
for any reason.

 

		SECTION 9.	UNRESTRICTED
STOCK AWARDS

 

Grant or Sale of
Unrestricted Stock. The Administrator may grant (or sell at par value or such higher purchase price determined by the Administrator)
an Unrestricted Stock Award under the Plan. An Unrestricted Stock Award is an Award pursuant to which the grantee may receive shares
of Stock free of any restrictions under the Plan. Unrestricted Stock Awards may be granted in respect of past services or other
valid consideration, or in lieu of cash compensation due to such grantee.

 

		SECTION 10.	CASH-BASED AWARDS

 

Grant of Cash-Based
Awards. The Administrator may grant Cash-Based Awards under the Plan. A Cash-Based Award is an Award that entitles the grantee
to a payment in cash upon the attainment of specified performance goals. The Administrator shall determine the maximum duration
of the Cash-Based Award, the amount of cash to which the Cash-Based Award pertains, the conditions upon which the Cash-Based Award
shall become vested or payable, and such other provisions as the Administrator shall determine. Each Cash-Based Award shall specify
a cash-denominated payment amount, formula or payment ranges as determined by the Administrator. Payment, if any, with respect
to a Cash-Based Award shall be made in accordance with the terms of the Award and may be made in cash.

 

		SECTION 11.	DIVIDEND EQUIVALENT
RIGHTS

 

(a) Dividend
Equivalent Rights. The Administrator may grant Dividend Equivalent Rights under the Plan. A Dividend Equivalent Right is
an Award entitling the grantee to receive credits based on cash dividends that would have been paid on the shares of Stock
specified in the Dividend Equivalent Right (or other Award to which it relates) if such shares had been issued to the
grantee. A Dividend Equivalent Right may be granted hereunder to any grantee as a component of an award of Restricted Stock
Units or as a freestanding award. The terms and conditions of Dividend Equivalent Rights shall be specified in the Award
Certificate. Dividend equivalents credited to the holder of a Dividend Equivalent Right may be paid currently or may be
deemed to be reinvested in additional shares of Stock, which may thereafter accrue additional equivalents. Any such
reinvestment shall be at Fair Market Value on the date of reinvestment or such other price as may then apply under a dividend
reinvestment plan sponsored by the Company, if any. Dividend Equivalent Rights may be settled in cash or shares of Stock or a
combination thereof, in a single installment or installments. A Dividend Equivalent Right granted as a component of an Award
of Restricted Stock Units shall provide that such Dividend Equivalent Right shall be settled only upon settlement or payment
of, or lapse of restrictions on, such other Award, and that such Dividend Equivalent Right shall expire or be forfeited or
annulled under the same conditions as such other Award.

 

    8

     

    

 

 

(b) Termination.
Except as may otherwise be provided by the Administrator either in the Award Certificate or, subject to Section 16 below,
in writing after the Award is issued, a grantee’s rights in all Dividend Equivalent Rights shall automatically terminate
upon the grantee’s termination of employment (or cessation of Service Relationship) with the Company and its Subsidiaries
for any reason.

 

		SECTION 12.	Transferability
of Awards

 

(a) Transferability.
Except as provided in Section 12(b) below, during a grantee’s lifetime, his or her Awards shall be exercisable only
by the grantee, or by the grantee’s legal representative or guardian in the event of the grantee’s incapacity. No Awards
shall be sold, assigned, transferred or otherwise encumbered or disposed of by a grantee other than by will or by the laws of descent
and distribution or pursuant to a domestic relations order. No Awards shall be subject, in whole or in part, to attachment, execution,
or levy of any kind, and any purported transfer in violation hereof shall be null and void.

 

(b) Administrator
Action. Notwithstanding Section 12(a), the Administrator, in its discretion, may provide either in the Award Certificate
regarding a given Award or by subsequent written approval that the grantee (who is an employee or director) may transfer his or
her Non-Qualified Stock Options to his or her immediate family members, to trusts for the benefit of such family members, or to
partnerships in which such family members are the only partners, provided that the transferee agrees in writing with the Company
to be bound by all of the terms and conditions of this Plan and the applicable Award. In no event may an Award be transferred by
a grantee for value.

 

(c) Family
Member. For purposes of Section 12(b), “family member” shall mean a grantee’s child, stepchild, grandchild,
parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law,
brother-in-law, or sister-in-law, including adoptive relationships, any person sharing the grantee’s household (other than
a tenant of the grantee), a trust in which these persons (or the grantee) have more than 50 percent of the beneficial interest,
a foundation in which these persons (or the grantee) control the management of assets, and any other entity in which these persons
(or the grantee) own more than 50 percent of the voting interests.

 

(d) Designation
of Beneficiary. To the extent permitted by the Company, each grantee to whom an Award has been made under the Plan may designate
a beneficiary or beneficiaries to exercise any Award or receive any payment under any Award payable on or after the grantee’s
death. Any such designation shall be on a form provided for that purpose by the Administrator and shall not be effective until
received by the Administrator. If no beneficiary has been designated by a deceased grantee, or if the designated beneficiaries
have predeceased the grantee, the beneficiary shall be the grantee’s estate.

 

		SECTION 13.	TAX WITHHOLDING

 

(a) Payment
by Grantee. Each grantee shall, no later than the date as of which the value of an Award or of any Stock or other amount received
thereunder first becomes includable in the gross income of the grantee for income tax purposes, pay to the Company, or make arrangements
satisfactory to the Administrator regarding payment of, any Federal, state, or local taxes of any kind required by law to be withheld
by the Company with respect to such income. The Company and its Subsidiaries shall, to the extent permitted by law, have the right
to deduct any such taxes from any payment of any kind otherwise due to the grantee. The Company’s obligation to deliver evidence
of book entry (or stock certificates) to any grantee is subject to and conditioned on tax withholding obligations being satisfied
by the grantee.

 

    9

     

    

 

(b) Payment
in Stock. The Administrator may require the Company’s tax withholding obligation to be satisfied, in whole or in part,
by the Company withholding from shares of Stock to be issued pursuant to any Award a number of shares with an aggregate Fair Market
Value (as of the date the withholding is effected) that would satisfy the withholding amount due; provided, however, that the amount
withheld does not exceed the maximum statutory tax rate or such lesser amount as is necessary to avoid liability accounting treatment.
For purposes of share withholding, the Fair Market Value of withheld shares shall be determined in the same manner as the value
of Stock includible in income of the grantees. The Administrator may also require the Company’s tax withholding obligation
to be satisfied, in whole or in part, by an arrangement whereby a certain number of shares of Stock issued pursuant to any Award
are immediately sold and proceeds from such sale are remitted to the Company in an amount that would satisfy the withholding amount
due.

 

		SECTION 14.	Section 409A
awards

 

Awards are intended
to be exempt from Section 409A to the greatest extent possible and to otherwise comply with Section 409A. The Plan and
all Awards shall be interpreted in accordance with such intent. To the extent that any Award is determined to constitute “nonqualified
deferred compensation” within the meaning of Section 409A (a “409A Award”), the Award shall be subject to
such additional rules and requirements as specified by the Administrator from time to time in order to comply with Section 409A.
In this regard, if any amount under a 409A Award is payable upon a “separation from service” (within the meaning of
Section 409A) to a grantee who is then considered a “specified employee” (within the meaning of Section 409A),
then no such payment shall be made prior to the date that is the earlier of (i) six months and one day after the grantee’s
separation from service, or (ii) the grantee’s death, but only to the extent such delay is necessary to prevent such
payment from being subject to interest, penalties and/or additional tax imposed pursuant to Section 409A. Further, the settlement
of any 409A Award may not be accelerated except to the extent permitted by Section 409A.

 

		SECTION 15.	TERMINATION
OF SERVICE RELATIONSHIP, TRANSFER, LEAVE OF ABSENCE, ETC.

 

(a) Termination
of Service Relationship. If the grantee’s Service Relationship is with an Affiliate and such Affiliate ceases to be an
Affiliate, the grantee shall be deemed to have terminated his or her Service Relationship for purposes of the Plan.

(b) For
purposes of the Plan, the following events shall not be deemed a termination of a Service Relationship:

 

(i) a
transfer to the employment of the Company from an Affiliate or from the Company to an Affiliate, or from one Affiliate to another;
or

 

(ii) an
approved leave of absence for military service or sickness, or for any other purpose approved by the Company, if the employee’s
right to re-employment is guaranteed either by a statute or by contract or under the policy pursuant to which the leave of absence
was granted or if the Administrator otherwise so provides in writing.

 

		SECTION 16.	AMENDMENTS AND
TERMINATION

 

The Board may, at any
time, amend or discontinue the Plan and the Administrator may, at any time, amend or cancel any outstanding Award for the purpose
of satisfying changes in law or for any other lawful purpose, but no such action shall materially and adversely affect rights under
any outstanding Award without the holder’s consent. Except as provided in Section 3(b) or 3(c), without prior stockholder
approval, in no event may the Administrator exercise its discretion to reduce the exercise price of outstanding Stock Options or
Stock Appreciation Rights or effect repricing through cancellation and re-grants or cancellation of Stock Options or Stock Appreciation
Rights in exchange for cash or other Awards. To the extent required under the rules of any securities exchange or market system
on which the Stock is listed, to the extent determined by the Administrator to be required by the Code to ensure that Incentive
Stock Options granted under the Plan are qualified under Section 422 of the Code, Plan amendments shall be subject to approval
by Company stockholders. Nothing in this Section 16 shall limit the Administrator’s authority to take any action permitted
pursuant to Section 3(b) or 3(c).

 

    10

     

    

 

		SECTION 17.	STATUS OF PLAN

 

With respect to the
portion of any Award that has not been exercised and any payments in cash, Stock or other consideration not received by a grantee,
a grantee shall have no rights greater than those of a general creditor of the Company unless the Administrator shall otherwise
expressly determine in connection with any Award or Awards. In its sole discretion, the Administrator may authorize the creation
of trusts or other arrangements to meet the Company’s obligations to deliver Stock or make payments with respect to Awards
hereunder, provided that the existence of such trusts or other arrangements is consistent with the foregoing sentence.

 

		SECTION 18.	GENERAL PROVISIONS

 

(a) No
Distribution. The Administrator may require each person acquiring Stock pursuant to an Award to represent to and agree with
the Company in writing that such person is acquiring the shares without a view to distribution thereof.

 

(b) Issuance
of Stock. To the extent certificated, stock certificates to grantees under this Plan shall be deemed delivered for all purposes
when the Company or a stock transfer agent of the Company shall have mailed such certificates in the United States mail, addressed
to the grantee, at the grantee’s last known address on file with the Company. Uncertificated Stock shall be deemed delivered
for all purposes when the Company or a Stock transfer agent of the Company shall have given to the grantee by electronic mail (with
proof of receipt) or by United States mail, addressed to the grantee, at the grantee’s last known address on file with
the Company, notice of issuance and recorded the issuance in its records (which may include electronic “book entry”
records). Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any evidence of
book entry or certificates evidencing shares of Stock pursuant to the exercise or settlement of any Award, unless and until the
Administrator has determined, with advice of counsel (to the extent the Administrator deems such advice necessary or advisable),
that the issuance and delivery is in compliance with all applicable laws, regulations of governmental authorities and, if applicable,
the requirements of any exchange on which the shares of Stock are listed, quoted or traded. Any Stock issued pursuant to the Plan
shall be subject to any stop-transfer orders and other restrictions as the Administrator deems necessary or advisable to comply
with federal, state or foreign jurisdiction, securities or other laws, rules and quotation system on which the Stock is listed,
quoted or traded. The Administrator may place legends on any Stock certificate or notations on any book entry to reference restrictions
applicable to the Stock. In addition to the terms and conditions provided herein, the Administrator may require that an individual
make such reasonable covenants, agreements, and representations as the Administrator, in its discretion, deems necessary or advisable
in order to comply with any such laws, regulations, or requirements. The Administrator shall have the right to require any individual
to comply with any timing or other restrictions with respect to the settlement or exercise of any Award, including a window-period
limitation, as may be imposed in the discretion of the Administrator.

 

(c) Stockholder
Rights. Until Stock is deemed delivered in accordance with Section 18(b), no right to vote or receive dividends or any
other rights of a stockholder will exist with respect to shares of Stock to be issued in connection with an Award, notwithstanding
the exercise of a Stock Option or any other action by the grantee with respect to an Award.

 

(d) Other
Compensation Arrangements; No Employment Rights. Nothing contained in this Plan shall prevent the Board from adopting other
or additional compensation arrangements, including trusts, and such arrangements may be either generally applicable or applicable
only in specific cases. The adoption of this Plan and the grant of Awards do not confer upon any employee any right to continued
employment with the Company or any Subsidiary.

 

(e) Trading
Policy Restrictions. Option exercises and other Awards under the Plan shall be subject to the Company’s insider trading
policies and procedures, as in effect from time to time.

 

(f) Clawback
Policy. Awards under the Plan shall be subject to the Company’s clawback policy, as in effect from time to time.

 

    11

     

    

 

		SECTION 19.	EFFECTIVE DATE
OF PLAN

 

This Plan shall become
effective upon the date immediately preceding the Closing Date, subject to prior stockholder approval in accordance with applicable
state law, the Company’s bylaws and articles of incorporation, and applicable stock exchange rules. No grants of Stock Options
and other Awards may be made hereunder after the tenth anniversary of the Effective Date and no grants of Incentive Stock Options
may be made hereunder after the tenth anniversary of the date the Plan is approved by the Board.

 

		SECTION 20.	GOVERNING LAW

 

This Plan and all Awards
and actions taken thereunder shall be governed by, and construed in accordance with, the General Corporation Law of the State of
Delaware as to matters within the scope thereof, and as to all other matters shall be governed by and construed in accordance with
the internal laws of the Commonwealth of Massachusetts, applied without regard to conflict of law principles.

 

DATE APPROVED BY BOARD OF DIRECTORS:

 

DATE APPROVED BY STOCKHOLDERS:

 

 

12

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