Document:

Exhibit
10.1

 

OPTMED,
INC.

 

2020
EQUITY COMPENSATION PLAN

 

Dated:
_________, 2020

 

1.
Purposes of the Plan. The purposes of this OptMed, Inc. 2020 Equity Compensation Plan (the “Plan”) are to attract
and retain the best available personnel for positions of substantial responsibility, to provide additional incentives to Employees, Directors
and Consultants, and to promote the success of the Company and any Affiliate. Options granted under the Plan may be Incentive Stock Options
or Nonstatutory Stock Options, as determined by the Administrator at the time of grant. Stock Purchase Rights, Stock Awards and Unrestricted
Shares may also be granted under the Plan.

 

2.
Definitions. As used herein, the following definitions shall apply:

 

“Administrator”
means the Board or any committee to which the Board has delegated the responsibility of administering the Plan to the extent
of such delegation.

 

“Affiliate”
means any Parent and/or Subsidiary.

 

“Applicable
Laws” means the requirements relating to the administration of equity compensation plans under the applicable corporate
and securities laws of any of the states in the United States, U.S. federal securities laws, the Code, any stock exchange or quotation
system on which the Common Stock is listed or quoted and the applicable laws of any foreign country or jurisdiction where Awards are,
or will be, granted under the Plan.

 

“Award”
means an Option, a Stock Purchase Right, a Stock Award and/or the grant of Unrestricted Shares.

 

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

 

“Cause”
means, unless otherwise specifically provided in the Participant’s Option Agreement, Restricted Stock Purchase Agreement
or Stock Award Agreement, a finding by the Administrator that the Participant’s employment or service with the Company or any Affiliate
was terminated due to one or more of the following: (i) the Participant’s performance of duties in an incompetent manner; (ii)
the Participant’s commission of any act of fraud, insubordination, misappropriation or personal dishonesty relating to or involving
the Company or any Affiliate in any material way; (iii) the Participant’s gross negligence; (iv) the Participant’s violation
of any express direction of the Company or of any Affiliate or any material violation of any rule, regulation, policy or plan established
by the Company or any Affiliate from time to time regarding the conduct of its employees or its business; (v) the Participant’s
disclosure or use of confidential information of the Company or any Affiliate, other than as required in the performance of the Participant’s
duties; (vi) actions by the Participant that are clearly contrary to the best interests of the Company and/or its Affiliates; (vii) the
Participant’s conviction of a crime constituting a felony or any other crime involving moral turpitude, or no conviction, but the
substantial weight of credible evidence indicates that the Participant has committed such a crime; (viii) the Participant’s use
of alcohol or any unlawful controlled substance to an extent that it interferes with the performance of the Participant’s duties;
or (ix) any other act or omission which in the determination of the Administrator is materially detrimental to the business of the Company
or of an Affiliate. Notwithstanding the foregoing, if a Participant has entered into a written employment or service agreement with the
Company that specifies the conditions or circumstances under which the Participant’s service may be terminated for cause, then
the terms of such agreement shall apply for purposes of determining whether “Cause” shall have occurred for purposes of this
Plan.

 

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

 

“Common
Stock” means the common stock, par value $.0001 per share, of the Company.

 

“Company”
means OptMed, Inc., a Delaware corporation.

 

    	 

    	 

    

 

“Consultant’
means any person, including an advisor, engaged by the Company or an Affiliate to render services to such entity, other than
an Employee or a Director.

 

“Director”
means a member of the Board.

 

“Disability”
means total and permanent disability as defined in Section 22(e)(3) of the Code.

 

“Employee”
means any person, including officers and Directors, serving as an employee of the Company or an Affiliate. An individual shall
not cease to be an Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between locations of the
Company or between the Company, its Parent, any Subsidiary or any successor. For purposes of an Option initially granted as an Incentive
Stock Option, if a leave of absence of more than three months precludes such Option from being treated as an Incentive Stock Option under
the Code, such Option thereafter shall be treated as a Nonstatutory Stock Option for purposes of this Plan. Neither service as a Director
nor payment of a director’s fee by the Company shall be sufficient to constitute “employment” by the Company.

 

“Fair
Market Value” means, as of any date, the value of a Share of Common Stock determined as follows:

 

(i)
if the Common Stock is listed on any established stock exchange or a national market system, the Fair Market Value of a Share of Common
Stock shall be the closing sales price of a Share of Common Stock (or the closing bid, if no such sales were reported) as quoted on such
exchange or system for the last market trading day prior to the time of determination, as reported in The Wall Street Journal or
such other source as the Administrator deems reliable;

 

(ii)
if the Common Stock is regularly quoted by a recognized securities dealer but is not listed in the manner contemplated by clause (i)
above, 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 last market trading day prior to the day of determination, as reported in The Wall Street Journal or such other source
as the Administrator deems reliable; or

 

(iii)
if neither clause (i) above nor clause (ii) above applies, the Fair Market Value shall be determined in good faith by the Administrator
based on the reasonable application of a reasonable valuation method.

 

“Incentive
Stock Option” means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the
Code and the regulations promulgated thereunder.

 

“Nonstatutory
Stock Option” means an Option not intended to qualify as an Incentive Stock Option.

 

“Notice
of Grant’ means a written or electronic notice evidencing certain terms and conditions of an individual Option grant, Stock
Purchase Right grant, Stock Award grant or grant of Unrestricted Shares. The Notice of Grant applicable to Stock Options shall be part
of the Option Agreement.

 

“Option”
means a stock option granted pursuant to the Plan.

 

“Option
Agreement” means an agreement between the Company and an Optionee evidencing the terms and conditions of an individual
Option grant. Each Option Agreement shall be subject to the terms and conditions of the Plan.

 

“Optioned
Stock” means the Common Stock subject to an Option or Stock Purchase Right.

 

“Optionee”
means the holder of an outstanding Option or Stock Purchase Right granted under the Plan.

 

“Parent”
means a “parent corporation” of the Company (or, in the context of Section 15(c) of the Plan, of a successor corporation),
whether now or hereafter existing, as defined in Section 424(e) of the Code.

 

“Participant”
shall mean any Service Provider who holds an Option, a Stock Purchase Right, Restricted Stock, a Stock Award or Unrestricted
Shares granted or issued pursuant to the Plan.

 

“Restricted
Stock” means shares of Common Stock acquired pursuant to a grant of Stock Purchase Rights under Section 11 of the Plan.

 

    	-2-

    	 

    

 

“Restricted
Stock Purchase Agreement” means a written agreement between the Company and an Optionee evidencing the terms and restrictions
applicable to stock purchased under a Stock Purchase Right. Each Restricted Stock Purchase Agreement shall be subject to the terms and
conditions of the Plan and the applicable Notice of Grant.

 

“Service
Provider” means an Employee, Director or Consultant.

 

“Share”
means a share of the Common Stock, as adjusted in accordance with Section 15 of the Plan.

 

“Stock
Award” means an Award of Shares pursuant to Section 12 of the Plan.

 

“Stock
Award Agreement’ means an agreement, approved by the Administrator, providing the terms and conditions of a Stock Award.

 

“Stock
Award Shares” means Shares subject to a Stock Award.

 

“Stock
Awardee” means the holder of an outstanding Stock Award granted under the Plan.

 

“Stock
Purchase Right” means the right to purchase Common Stock pursuant to Section 11 of the Plan, as evidenced by a Notice of
Grant.

 

“Subsidiary”
means a “subsidiary corporation” of the Company (or, in the context of Section 15(c) of the Plan, of a successor
corporation), whether now or hereafter existing, as defined in Section 424(f) of the Code.

 

“Unrestricted
Shares” means a grant of Shares made on an unrestricted basis pursuant to Section 13 of the Plan.

 

3.
Stock Subject to the Plan. Subject in all cases to Section 15 of the Plan, the number of Shares subject to the Plan shall be governed
by this Section 3. The maximum number of Shares that may be issued under the Plan shall be Five Million (5,000,000), all of which shall
be available for grant as Incentive Stock Options. This Share reserve shall be depleted on the date of grant of an Award by the maximum
number of Shares, if any, with respect to which such Award is granted. If an Award lapses, expires, terminates or is cancelled without
the issuance of Shares under the Award, then the Shares subject to or reserved for in respect of such Award, or the Shares to which such
Award relates, may again be used for new Awards as determined under this Section 3, including issuance pursuant to Incentive Stock Options.
If Shares are delivered to (or withheld by) the Company in payment of the exercise price or withholding taxes of an Award, then such
Shares may be used for new Awards under this Plan as determined under this Section 3, including issuance pursuant to Incentive Stock
Options. If Shares are issued under any Award and the Company subsequently reacquires them pursuant to rights reserved upon the issuance
of the Shares, then such Shares may be used for new Awards under this Plan as determined under this Section 3, but excluding issuance
pursuant to Incentive Stock Options. The Shares to be delivered under the Plan may consist, in whole or in part, of authorized but unissued
Common Stock or treasury Common Stock.

 

4.
Administration of the Plan.

 

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

 

(b)
Powers of the Administrator. Subject to the provisions of the Plan, the Administrator shall have the authority, in its discretion:

 

(i)
to determine the Fair Market Value;

 

(ii)
to select the Service Providers to whom Options, Stock Purchase Rights, Stock Awards and Unrestricted Shares may be granted hereunder;

 

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

 

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

 

(v)
to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award . granted hereunder and of any Restricted
Stock Purchase Agreement. Such terms and conditions include, but are not limited to, the exercise price, the time or times when Options
or Stock Purchase Rights may be exercised (which may be based on performance criteria), any vesting, acceleration or waiver of forfeiture
provisions, and any restriction or limitation regarding any Option, Stock Purchase Right or Stock Award, or the Shares of Common Stock
relating thereto, based in each case on such factors as the Administrator, in its sole discretion, shall determine;

 

    	-3-

    	 

    

 

(vi)
to construe and interpret the terms of the Plan, Awards granted pursuant to the Plan and agreements entered into pursuant to the Plan;

 

(vii)
to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to sub-plans established
for the purpose of qualifying for preferred tax treatment under foreign tax laws;

 

(viii)
to modify or amend each Award (subject to Section 18 of the Plan), including the discretionary authority to extend the post-termination
exercisability period of Options longer than is otherwise provided for in the Plan;

 

(ix)
to allow grantees to satisfy withholding tax obligations by having the Company withhold from the Shares to be issued upon exercise of
an Option that number of Shares having a Fair Market Value equal to the amount required to be withheld, provided that the Fair Market
Value of such withheld Shares shall not exceed the maximum statutory tax withholding obligations associated with the transaction to the
extent necessary to avoid an accounting charge. The Fair Market Value of the Shares to be withheld shall be determined on the date that
the amount of tax to be withheld is to be determined. All determinations to have Shares withheld for this purpose shall be made by the
Administrator in its discretion;

 

(x)
to reduce the exercise price of any Option or Stock Purchase Right to the then current Fair-Market Value if the Fair Market Value of
the Common Stock covered by such Option or Stock Purchase Right shall have declined since the date the Option or Stock Purchase Right
was granted, in each case only in accordance with Section 19(a);

 

(xi)
to authorize any person to execute on behalf of the Company any agreement entered into pursuant to the Plan and any instrument required
to effect the grant of an Award previously granted by the Administrator; and

 

(xii)
to make all other determinations deemed necessary or advisable for administering the Plan.

 

(c)
Effect of Administrator’s Decision. The Administrator’s decisions, determinations and interpretations shall be final
and binding on all holders of Awards and Restricted Stock. Neither the Administrator nor any member or delegate thereof, shall be liable
for any act, omission, interpretation, construction or determination made in good faith in connection with the Plan, and each of the
foregoing 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 any directors’ and officers’ liability insurance coverage which may be in effect from time to time.

 

5.
Eligibility. Nonstatutory Stock Options, Stock Purchase Rights, Stock Awards and Unrestricted Shares may be granted to Service
Providers. Incentive Stock Options may be granted only to Employees. Notwithstanding anything contained herein to the contrary, an Award
may be granted to a person who is not then a Service Provider; provided, however, that the grant of such Award shall be conditioned
upon such person becoming a Service Provider at or prior to the time of the execution of the agreement evidencing such Award.

 

6.
Limitations.

 

(a)
Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However,
notwithstanding such designation, if a single Employee becomes eligible in any given year to exercise Incentive Stock Options for Shares
having a Fair Market Value in excess of $100,000, those Options representing the excess shall be treated as Nonstatutory Stock Options.
In the previous sentence, “Incentive Stock Options” include Incentive Stock Options granted under any plan of the Company
or any Affiliate. For the purpose of deciding which Options apply to Shares that “exceed” the $100,000 limit, Incentive Stock
Options shall be taken into account in the same order as granted. The Fair Market Value of the Shares shall be determined as of the time
the Option with respect to such Shares is granted.

 

(b)
Neither the Plan nor any Award nor any agreement entered into pursuant to the Plan shall confer upon a Participant any right with respect
to continuing the grantee’s relationship as a Service Provider with the Company or any Affiliate, nor shall they interfere in any
way with the Participant’s right or the right of the Company or any Affiliate to terminate such relationship at any time, with
or without cause.

 

    	-4-

    	 

    

 

7.
Term of the Plan. The Plan shall become effective upon its adoption by the Board, which is ______, 2020. Subject to Section 18
of the Plan, the Plan shall terminate when all Shares reserved for issuance have been issued.

 

8.
Term of Options. The term of each Option shall be stated in the applicable Option Agreement. In the case of an Incentive Stock
Option, the term shall be ten (10) years from the date of grant or such shorter term as may be provided in the applicable Option Agreement.
However, in the case of an Incentive Stock Option granted to an Optionee who, at the time the Incentive Stock Option is granted, owns,
directly or indirectly, stock representing more than ten percent (10%) of the total combined voting power of all classes of stock of
the Company or any Parent or Subsidiary, the term of the Incentive Stock Option shall be five (5) years from the date of grant or such
shorter term as may be provided in the applicable Option Agreement.

 

9.
Option Exercise Price; Exercisability.

 

(a) Exercise
Price. The per Share exercise price for the Shares to be issued pursuant to exercise of an Option shall be determined by the
Administrator, subject to the following:

 

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

 

(A)
granted to an Employee who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of
the total combined voting power of all classes of stock of the Company or any Affiliate, the per Share exercise price shall be no less
than 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 paragraph (A) immediately above, the per Share exercise price shall be no
less than 100% of the Fair Market Value per Share on the date of grant.

 

(ii)
In the case of a Nonstatutory Stock Option, the per Share exercise price shall be determined by the Administrator; provided, however,
that the per Share exercise price of a Nonstatutory Stock. Option shall be no less than 100% of the Fair Market Value per Share on
the date of grant as (determined by the Administrator in good faith).

 

(b)
Exercise Period and Conditions. At the time that an Option is granted, the Administrator shall fix the period within which the
Option may be exercised and shall determine any conditions that must be satisfied before
 the Option may be exercised.

 

10.
Exercise of Options; Consideration.

 

(a)
Procedure for Exercise; Rights as a Shareholder. Any Option granted hereunder shall be exercisable according to the terms of the
Plan and at such times and under such conditions as determined by the Administrator and set forth in the Option Agreement; provided,
however, that unless otherwise determined by the Administrator, each Option shall vest and become exercisable as to 25% of the Shares
subject to such Option on the first anniversary of its date of grant, and as to l/36th of the remaining Shares subject to such Option
each full month thereafter. Unless the Administrator provides otherwise, vesting of Options granted hereunder shall be tolled during
any unpaid leave of absence. An Option may not be exercised for a fraction of a Share. An Option shall be deemed exercised when the Company
receives: (i) written or electronic notice of exercise (in accordance with the Option Agreement) from the person entitled to exercise
the Option, (ii) full payment for the Shares with respect to which the Option is exercised; and (iii) full payment by the Option holders
to the Company of any withholding taxes due upon exercise. Full payment may consist of any consideration and method of payment authorized
by the Administrator and permitted by the Option Agreement and Section 10(f) of the Plan. Shares issued upon exercise of an Option shall
be issued in the name of the Optionee. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company
or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a shareholder shall
exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. The Company shall issue (or cause to be issued)
such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date
is prior to the date the Shares are issued, except as provided in Section 15 of the Plan.. s

 

    	-5-

    	 

    

 

(b)
Termination of Relationship as a Service Provider. If an Optionee ceases to be a Service Provider, other than as a result of the
Optionee’s death, Disability or termination for Cause, the Optionee may exercise his or her Option within such period of time as
is specified in the Option Agreement to the extent that the Option is vested on the date of termination (but in no event later than the
expiration of the term of such Option as set forth in the Option Agreement). In the absence of a specified time in the Option Agreement
and except as otherwise provided in Sections 10(c), 10(d) and 10(e) of this Plan, the Option shall remain exercisable for three months
following the Optionee’s termination (but in no event later than the expiration of the term of such Option). If, on the date of
termination, the Optionee is not vested as to his or her entire Option, the unvested portion of the Option shall be forfeited. If, after
termination, the Optionee does not exercise his or her Option in full within the time specified by the Administrator, the unexercised
portion of the Option shall terminate. An Optionee who changes his or her status as a Service Provider (e.g., from being an Employee
to being a Consultant) shall not be deemed to have ceased being a Service Provider for purposes of this Section 10(b), nor shall a transfer
of employment among the Company and any Affiliate be considered a termination of employment; provided, however, that if an Optionee
owning Incentive Stock Options ceases being an Employee but continues as a Service Provider, such Incentive Stock Options shall be deemed
to be Nonstatutory Options three months after the date of such cessation.

 

(c)
Disability of an Optionee. If an Optionee ceases to be a Service Provider as a result of the Optionee’s Disability, the
Optionee may exercise his or her Option within such period of time as is specified in the Option Agreement to the extent the Option is
vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Option Agreement).
In the absence of a specified time in the Option Agreement, the Option shall remain exercisable for twelve (12) months following the
Optionee’s termination (but in no event later than the expiration of the term of such Option). If, on the date of termination,
the Optionee is not vested as to his or her entire Option, the unvested portion of the Option shall be forfeited. If, after termination,
the Optionee does not exercise his or her Option in full within the time specified herein, the unexercised portion of the Option shall
terminate.

 

(d)
Death of an Optionee. If an Optionee dies while a Service Provider, the Option may be exercised within such period of time as
is specified in the Option Agreement (but in no event later than the expiration of the term of such Option as set forth in the Option
Agreement), by the Optionee’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance, but
only to the extent that the Option is vested on the date of death. In the absence of a specified time in the Option Agreement, the Option
shall remain exercisable for twelve (12) months following the Optionee’s death (but in no event later than the expiration of the
term of such Option). If, at the time of death, the Optionee is not vested as to his or her entire Option, the unvested portion of the
Option shall be forfeited. If the Option is not so exercised in full within the time specified herein, the unexercised portion of the
Option shall terminate.

 

(e)
Termination for Cause. Unless otherwise provided in a Service Provider’s Option Agreement, if a Service Provider’s
relationship with the Company is terminated for Cause, then such Service Provider’s Options shall terminate immediately upon such
termination for Cause and such Service Provider shall have no right to exercise any of such Service Provider’s Options at any time
on or after the effective date of such termination.

 

(f)
Form of Consideration. The Administrator shall determine the acceptable form of consideration for exercising an Option, including
the method of payment. In the case of an Incentive Stock Option, the Administrator shall determine the acceptable form of consideration
at the time of grant. Such consideration may consist entirely of:

 

	 	(i)	cash;

 

	 	(ii)	check;

 

	 	(iii)	other
  Shares owned by the Optionee that have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares
  as to which said Option shall be exercised;

 

	 	(iv)	consideration
  received by the Company under a cashless exercise program permitted by the Administrator;

 

	 	(v)	a
  reduction in the amount of any Company liability to the Optionee, including any liability attributable to the Optionee’s participation
  in any Company-sponsored deferred compensation program or arrangement;

 

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

 

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

 

    	-6-

    	 

    

 

11.
Stock Purchase Rights.

 

(a)
Rights to Purchase. Stock Purchase Rights may be issued either alone, in addition to, or in tandem with Options or other Awards
granted under the Plan and/or cash awards made outside of the Plan. Stock Purchase Rights must comply with all of the requirements set
forth in this Section 11 as well as all requirements applicable to Options granted under the Plan. After the Administrator determines
that it will offer Stock Purchase Rights under the Plan, it shall advise the offeree in writing or electronically, by means of a Notice
of Grant and/or a Restricted Stock Purchase Agreement in the form determined by the Administrator, of the terms, conditions and restrictions
related to the offer, including the number of Shares that the offeree shall be entitled to purchase and the price to be paid for such
Shares. The offer shall be accepted by execution of a Restricted Stock Purchase Agreement in the form determined by the Administrator.

 

(b)
Repurchase Option. Unless the Administrator determines otherwise, the Restricted Stock Purchase Agreement shall grant the Company
a repurchase option exercisable upon the voluntary or involuntary termination of the purchaser’s service with the Company for any
reason (including death or Disability). The purchase price for Shares repurchased pursuant to the Restricted Stock Purchase Agreement
shall be the original price paid by the purchaser and may be paid by cancellation of any indebtedness of the purchaser to the Company.
The repurchase option shall lapse at a rate determined by the Administrator; provided, however, that unless otherwise determined
by the Administrator, the restrictions shall lapse as to 25% of the Shares subject to such Restricted Stock Purchase Agreement on the
first anniversary of its date of grant, and as to l/36th of the remaining Shares subject to such Restricted Stock Purchase Agreement
each full month thereafter.

 

(c)
Other Provisions. The Restricted Stock Purchase Agreement shall contain such other terms, provisions and conditions not inconsistent
with the Plan as may be determined by the Administrator in its sole discretion.

 

(d)
Rights as a Shareholder. Once the Stock Purchase Right is exercised, the purchaser shall have the rights equivalent to those of
a shareholder, and shall be a shareholder when his or her purchase is entered upon the records of the duly authorized transfer agent
of the Company. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Stock Purchase
Right is exercised, except as provided in Section 15 of the Plan.

 

12.
Stock Awards. The Administrator may, in its sole discretion, grant (or sell at par value or such higher purchase price as it determines)
Shares to any Service Provider, as defined herein, subject to such terms and conditions as the Administrator sets forth in a Stock Award
Agreement evidencing such grant. Stock Awards may be granted or sold in respect of past services or other valid consideration or in lieu
of any cash compensation otherwise payable to such individual. The grant of Stock Awards shall be subject to the following provisions:

 

(a)
At the time a Stock Award is made, the Administrator shall establish a vesting period (the “Restricted Period”) applicable
to the Stock Award Shares subject to such Stock Award. Subject to the right of the Administrator to establish a different Restricted
Period, the Restricted Period of a Stock Award shall lapse as follows: the restrictions shall lapse as to 25% of the Shares subject to
such Stock Award on the first anniversary of its date of grant, and as to l/36th of the remaining Shares subject to such Stock Award
each full month thereafter. The Administrator may, in its sole discretion, at the time a grant is made, prescribe restrictions in addition
to the expiration of the Restricted Period, including the satisfaction of corporate or individual performance objectives. None of the
Stock Award Shares may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of during the Restricted Period applicable
to such Stock Award Shares or prior to the satisfaction of any other restrictions prescribed by the Administrator with respect to such
Stock Award Shares.

 

(b)
The Company shall issue, in the name of each Service Provider to whom Stock Award Shares have been granted, Shares representing the total
number of Stock Award Shares granted to such person, as soon as reasonably practicable after the grant. Such Shares may be issued in
certificated form or in book entry. If certificates are issued, then the Company, at the direction of the Administrator, shall hold such
certificates, properly endorsed for transfer, for the Stock Awardee’s benefit until such time as the Stock Award Shares are forfeited
to the Company, or the restrictions lapse. If Shares are issued in book entry form, appropriate stop-transfer orders may be entered until
such time as the Stock Award Shares are forfeited to the Company, or the restrictions lapse.

 

    	-7-

    	 

    

 

(c)
Unless otherwise provided by the Administrator, holders of Stock Award Shares shall have the right to vote such Shares and have the right
to receive any cash dividends with respect to such Shares. All distributions, if any, received by a Stock Awardee with respect to Stock
Award Shares as a result of any stock split, stock distribution, combination of shares, or other similar transaction shall be subject
to the restrictions of this Section 12.

 

(d)
Any Stock Award Shares granted to a Service Provider pursuant to the Plan shall be forfeited if the Stock Awardee voluntarily terminates
employment with the Company or its Affiliates or resigns or voluntarily terminates his consultancy arrangement or directorship with the
Company or its Affiliates, or if the Stock Awardee’s employment or consultancy arrangement or directorship is terminated for Cause
prior to the expiration or termination of the applicable Restricted Period and the satisfaction of any other conditions applicable to
such Stock Award Shares. Upon such forfeiture, the Stock Award Shares that are forfeited shall be retained in the treasury of the Company
and be available for subsequent awards under the Plan. If the Stock Awardee’s employment, consultancy arrangement or directorship
terminates for any other reason, the Stock Award Shares held by such person shall be forfeited, unless the Administrator, in its sole
discretion, shall determine otherwise.

 

(e)
Upon the expiration or termination of the Restricted Period and the satisfaction of any other conditions prescribed by the Administrator,
the restrictions applicable to the Stock Award Shares shall lapse and, at the Stock Awardee’s request, a stock certificate for
the number of Stock Award Shares with respect to which the restrictions have lapsed shall be delivered, or an appropriate book entry
shall be made, free of all such restrictions, to the Stock Awardee or his beneficiary or estate, as the case may be.

 

13.
Unrestricted Shares. The Administrator may grant Unrestricted Shares in accordance with the following provisions:

 

(a)
The Administrator may cause the Company to grant Unrestricted Shares to Service Providers at such time or times, in such amounts and
for such reasons as the Administrator, in its sole discretion, shall determine. No payment shall be required for Unrestricted Shares.

 

(b)
The Company shall either make an appropriate book entry for Unrestricted Shares or issue, in the name of each Service Provider to whom
Unrestricted Shares have been granted, stock certificates representing the total number of Unrestricted Shares granted to such individual,
and shall deliver such certificates to such Service Provider as soon as reasonably practicable after the date of grant or on such later
date as the Administrator shall determine at the time of grant.

 

14.
Non-Transferability. Unless determined otherwise by the Administrator, an Option and Stock Purchase Right 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 Optionee, only by the Optionee. If the Administrator makes an Option or Stock Purchase Right
transferable, such Option or Stock Purchase Right shall contain such additional terms and conditions as the Administrator deems appropriate.
Notwithstanding the foregoing, the Administrator, in its sole discretion, may provide in the Option Agreement regarding a given Option
that the Optionee may transfer, without consideration for the transfer, his or her Nonstatutory Stock Options to members of his or her
immediate family, 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
Option. During the period when Shares of Restricted Stock and Stock Award Shares are restricted (by virtue of vesting schedules or otherwise),
such Shares 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.

 

    	-8-

    	 

    

 

15.
Adjustments Upon Changes in Capitalization, Dissolution, Merger or Asset Sale.

 

(a)
Changes in Capitalization. If (i) the Company shall at any time be involved in a merger or other transaction in which the Shares
are changed or exchanged; (ii) the Company shall subdivide or combine the Shares or the Company shall declare a dividend payable in Shares,
other securities or other property; (iii) the Company shall effect a cash dividend the amount of which, on a per Share basis, exceeds
ten percent (10%) of the Fair Market Value of a Share at the time the dividend is declared, or the Company shall effect any other dividend
or other distribution on the Shares in the form of cash, or a repurchase of Shares, that the Administrator determines by resolution is
special or extraordinary in nature or that is in connection with a transaction that is a recapitalization or reorganization involving
the Shares; or (iv) any other event shall occur, which, in the case of this subsection (iv), in the judgment of the Administrator necessitates
an adjustment to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Plan,
then, in each case, the Administrator shall, in such manner as it may deem equitable, adjust any or all of: (1) the number and type of
shares subject to this Plan (including the number and type of shares that may be issued pursuant to Incentive Stock Options), (2) the
number and type of shares subject to outstanding Awards, (3) the grant, purchase, or exercise price with respect to any Award, and (iv)
the performance goals established under any Award. In any such case, the Administrator may also make provision for a cash payment, in
an amount determined by the Administrator, to the holder of an outstanding Award in exchange for the cancellation of all or a portion
of the Award (without the consent of the holder of an Award), effective at such time as the Administrator specifies (which may be the
time such transaction or event is effective); provided that any such adjustment to an Award that is exempt from Code Section 409A shall
be made in manner that permits the Award to continue to be so exempt, and any adjustment to an Award that is subject to Code Section
409A shall be made in a manner that complies with the provisions thereof. However, with respect to Awards of Incentive Stock Options,
no such adjustment may be authorized to the extent that such authority would cause this Plan to violate Code Section 422(b). Further,
the number of Shares subject to any Award payable or denominated in Shares must always be a whole number.

 

(b)
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator shall notify
each Optionee and holder of Stock Purchase Rights as soon as practicable prior to the effective date of such proposed dissolution or
liquidation. The Administrator in its discretion may provide for an Optionee to have the right to exercise his or her Option and for
a holder of a Stock Purchase Right to exercise his or her Stock Purchase Right until ten (10) days prior to such transaction as to all
of the Shares covered thereby, including Shares as to which an applicable Option would not otherwise be exercisable. In addition, the
Administrator may provide that any Company repurchase option applicable to any Shares purchased upon exercise of an Option or Stock Purchase
Right or applicable to any Stock Award shall lapse as to all such Shares, provided the proposed dissolution or liquidation takes place
at the time and in the manner contemplated. To the extent it has not been previously exercised, an Option or Stock Purchase Right will
terminate immediately prior to the consummation of such proposed action.

 

(c)
Merger or Asset Sale. In the event of a merger or consolidation of the Company with or into another corporation or any other entity
or the exchange of substantially all of the outstanding stock of the Company for shares of another entity or other property in which,
after any such transaction the prior shareholders of the Company own less than fifty percent (50%) of the voting shares of the continuing
or surviving entity, or in the event of the sale of all or substantially all of the assets of the Company, (any such event, a “Change
of Control”), then, absent a provision to the contrary in any particular Option Agreement or Stock Award (in which case the terms
of such Option Agreement or Stock Award shall supersede each of the provisions of this Section 15(c) which are inconsistent with such
Option Agreement or Stock Award), each outstanding Option, Stock Purchase Right and Stock Award shall be assumed or an equivalent option,
right or award substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that the
Administrator determines that the successor corporation or a Parent or a Subsidiary of the successor corporation has refused to assume
or substitute an equivalent option, right or award for each outstanding Option, Stock Purchase Right and Stock Award, the Optionees shall
fully vest in and have the right to exercise each outstanding Option and Stock Purchase Right as to all of the Optioned Stock covered
thereby, including Shares which would not otherwise be vested or exercisable, and all vesting periods under Stock Awards shall be deemed
to have been satisfied. In the event of a Change of Control, absent a provision to the contrary in any particular Restricted Stock Purchase
Agreement (in which case the terms of such Restricted Stock Purchase Agreement shall supersede each of the provisions of this Section
15(c) which are inconsistent with such Restricted Stock Purchase Agreement), all vesting periods under Restricted Stock Purchase Agreements
shall be deemed to have been satisfied. If an Option and/or Stock Purchase Right becomes fully vested and exercisable in lieu of assumption
or substitution in the event of a Change of Control, the Administrator shall notify all Optionees that all outstanding Options and Stock
Purchase Rights shall be fully exercisable for a period of fifteen (15) days from the date of such notice and that any Options and Stock
Purchase Rights that are not exercised within such period shall terminate upon the expiration of such period. Notwithstanding anything
to the contrary herein, in the event outstanding Awards will not be assumed or substituted for in a Change of Control, the Administrator
shall have the discretion to cancel, as of the date of the Change of Control, any or all outstanding awards in exchange for a payment
in cash and/or shares equal to, in the case of Options and Stock Purchase Rights, the excess, if any, of the Fair Market Value of the
Shares subject to such Option or Stock Purchase Right on the date of the Change of Control over the exercise price of such Option or
Stock Purchase Right (provided that, if such Fair Market Value does not exceed the exercise price, such Option or Stock Purchase Right
may be canceled for no consideration), and, in the case of Stock Awards, the Fair Market Value of the Shares subject to such Stock Award
on the date of the Change of Control. For the purposes of this paragraph, all outstanding Options and Stock Purchase Rights shall be
considered assumed if, following the consummation of the Change of Control, the Option and Stock Purchase Right confers the right to
purchase or receive, for each Share of Optioned Stock subject to the Option or Stock Purchase Right immediately prior to the consummation
of the Change of Control, the consideration (whether stock, cash, or other property) received in the Change of Control by holders of
Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the
type chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in
the Change of Control is not solely common stock of the successor corporation or its Parent, the Administrator may, with the consent
of the successor corporation, provide for the consideration to be received upon the exercise of the Option or Stock Purchase Right, for
each Share of Optioned Stock subject to the Option or Stock Purchase Right, to be solely common stock of the successor corporation or
its Parent or Subsidiary equal in fair market value to the per share consideration received by holders of Common Stock in the Change
of Control.

 

    	-9-

    	 

    

 

16.
Substitute Options. In the event that the Company, directly or indirectly, acquires another entity, the Board may authorize the
issuance of stock options (“Substitute Options”) to the individuals performing services for the acquired entity in substitution
of stock options previously granted to those individuals in connection with their performance of services for such entity upon such terms
and conditions as the Board shall determine, taking into account the conditions of Code Section 424(a), as from time to time amended
or superseded, in the case of a Substitute Option that is intended to be an Incentive Stock Option. Shares of capital stock underlying
Substitute Options shall not constitute Shares issued pursuant to the Plan for any purpose.

 

17.
Date of Grant. The date of grant of an Option, Stock Purchase Right, Stock Award or Unrestricted Share shall be, for all purposes,
the date on which the Administrator makes the determination granting such Option, Stock Purchase Right, Stock Award or Unrestricted Share,
or such other later date as is determined by the Administrator. Notice of the determination shall be provided to each grantee within
a reasonable time after the date of such grant.

 

18.
Amendment and Termination of the Plan and Awards.

 

(a)
Amendment and Termination. The Administrator may at any time amend, alter, suspend or terminate the Plan, except to the extent
shareholder approval of such amendment or alteration is necessary to comply with Applicable Laws. 

 

(b)
Shareholder Approval. The Company shall obtain shareholder approval of any Plan amendment to the extent necessary to comply with
Applicable Laws.

 

(c)
Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan shall impair the rights of
any grantee, unless mutually agreed otherwise between the grantee and the Administrator, which agreement must be in writing and signed
by the grantee and the Company. Termination of the Plan shall not affect the Administrator’s ability to exercise the powers granted
to it hereunder with respect to Awards granted under the Plan prior to the date of such termination.

 

(d)
Amendment, Modification or Cancellation of Awards. Except as provided in subsection (e) and subject to the restrictions of the
Plan, the Administrator may modify or amend an Award or waive any restrictions or conditions applicable to an Award (including relating
to the exercise, vesting or payment thereof), and the Administrator may modify the terms and conditions applicable to any Award (including
the terms of the Plan), and the Administrator may cancel any Award, provided that the Participant (or any other person as may then have
an interest in such Award as a result of the Participant’s death or the transfer of an Award) must consent in writing if any such
action would adversely affect the rights of the Participant (or other interested party) under such Award. Notwithstanding the foregoing,
the Administrator need not obtain Participant (or other interested party) consent for the amendment, modification or cancellation of
an Award pursuant to the provisions of Section 15, or the amendment or modification of an Award to the extent deemed necessary to comply
with any applicable law, the listing requirements of any principal securities exchange or market on which the Shares are then traded,
or to preserve favorable accounting or tax treatment of any Award for the Company.

 

    	-10-

    	 

    

 

(e)
No Repricing. Notwithstanding anything in the Plan to the contrary, neither the Administrator nor any other person may decrease
the exercise price of any Option or Stock Purchase Right nor take any action that would result in a deemed decrease of the exercise price
of an Option or Stock Purchase Right under Code Section 409A, after the date of grant, except in accordance with Section 15 and Section
1.409A-1(b)(5)(v)(D) of the Treasury Regulations, or in connection with a transaction which is considered the grant of a new Option or
Stock Purchase Right for purposes of Section 409A of the Code, provided that the new exercise price is not less than the Fair Market
Value of a Share on the new grant date.

 

19.
Conditions Upon Issuance of Shares.

 

(a)
Legal Compliance. Shares shall not be issued in connection with the grant of any Stock Award or Unrestricted Share or the exercise
of any Option or Stock Purchase Right unless such grant or the exercise of such Option or Stock Purchase Right and the issuance and delivery
of such Shares shall comply with Applicable Laws and shall be further subject to the approval of counsel for the Company with respect
to such compliance. . In addition, if applicable, the Company has no liability to deliver any Shares under this Plan if the delivery
of such Shares would cause the Company to lose its status as an S corporation under Federal tax laws. In such event, the Company may
substitute cash for any Share(s) otherwise deliverable hereunder without the consent of the Participant or any other person.

 

(b)
Investment Representations. As a condition to the grant of any Stock Award or Unrestricted Share or the exercise of any Option
or Stock Purchase Right, the Company may require the person receiving such Award or exercising such Option or Stock Purchase Right to
represent and warrant at the time of any such exercise or grant 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.

 

(c)
Additional Conditions. The Administrator shall have the authority to condition the grant of any Award or rights under any Restricted
Stock Purchase Agreement in such other manner that the Administrator determines to be appropriate, provided that such condition is not
inconsistent with the terms of the Plan. Such conditions may include, among other things, obligations of recipients to execute lock-up
agreements and shareholder agreements in the future.

 

(d)
Trading Policy Restrictions. Option and Stock Purchase Right exercises and other Awards under the Plan shall be subject to the
terms and conditions of any insider trading policy established by the Company or the Administrator.

 

20.
Inability to Obtain Authority. 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.

 

21.
Reservation of Shares. The Company, during the term of this Plan, will at all times reserve and keep available such number of
Shares as shall be sufficient to satisfy the requirements of the Plan.

 

22.
Shareholder Approval. The Plan shall be submitted for approval by the shareholders of the Company within twelve (12) months after
the date the Plan is adopted, provided that the failure to obtain shareholder approval within such period shall not affect the validity
of the Plan (provided that no Incentive Stock Options shall thereafter be granted). Notwithstanding any provision in the Plan to the
contrary, any exercise of an Incentive Stock Option granted before the Company has obtained shareholder approval of the Plan in accordance
with this Section 22 shall be conditioned upon obtaining such shareholder approval of the Plan in accordance with this Section 22.

 

    	-11-

    	 

    

 

23.
Taxes; Withholding. 

 

(a)
Taxes. In the event the Company or any Affiliate is required to withhold any foreign, Federal, state or local taxes or other amounts
in respect of any income recognized by a Participant as a result of the grant, vesting, payment or settlement of an Award or disposition
of any Shares acquired under an Award, the Company may deduct (or require an Affiliate to deduct) from any payments of any kind otherwise
due the Participant cash, or with the consent of the Administrator, Shares otherwise deliverable or vesting under an Award, to satisfy
such tax obligations. Alternatively, the Company may require such Participant to pay to the Company, in cash, promptly on demand, or
make other arrangements satisfactory to the Company regarding the payment to the Company of the aggregate amount of any such taxes and
other amounts required to be withheld. If Shares are deliverable upon exercise or payment of an Award, the Administrator may permit a
Participant to satisfy all or a portion of the foreign, Federal, state and local withholding tax obligations arising in connection with
such Award by electing to (i) have the Company withhold Shares otherwise issuable under the Award, (ii) tender back Shares received in
connection with such Award, or (iii) deliver other previously owned Shares; provided that the amount to be withheld may not exceed the
maximum statutory tax withholding obligations associated with the transaction to the extent needed for the Company to avoid an accounting
charge. If an election is provided, the election must be made on or before the date as of which the amount of tax to be withheld is determined
and otherwise as the Company requires. The Fair Market Value of fractional Shares remaining after payment of any withholding taxes may
be paid to the Participant in cash. The obligations of the Company under the Plan shall be conditional on such satisfactory payments
or arrangements by the Participant regarding withholding taxes, and the Company and any Affiliate shall, to the extent permitted by law,
have the right to deduct any such taxes from any payment otherwise due to the Participant..

 

(b)
No Guarantee of Tax Treatment. The provisions of Code Section 409A are incorporated herein by reference to the extent necessary
for any Award that is subject to Code Section 409A to comply therewith, and the Plan and all Awards shall be interpreted in a manner
consistent with Code Section 409A or an exemption therefrom. Notwithstanding any provisions of the Plan, the Company does not guarantee
to any Participant or any other person with an interest in an Award that any Award intended to be exempt from Code Section 409A shall
be so exempt, nor that any Award intended to comply with Code Section 409A shall so comply, nor that any Award designated as an incentive
stock option within the meaning of Code Section 422 qualifies as such, and neither the Company or any Affiliate shall indemnify, defend
or hold harmless any individual with respect to the tax consequences of any such failure.

 

24.
Parachute Payment Limitation. 

 

(a)
Nondeductible Amounts. Except as may be set forth in a written agreement by and between the Company and the holder of an Award,
in the event that the Company’s auditors determine that any payment or transfer by the Company under the Plan to or for the benefit
of a Participant (a “Payment”) would be nondeductible by the Company for federal income tax purposes because of the provisions
concerning “excess parachute payments” in Code Section 280G, then the aggregate present value of all Payments shall be reduced
(but not below zero) to the Reduced Amount (as defined below); provided that the foregoing reduction in the Payments shall not apply
if the after-tax value to the Participant of the Payments prior to reduction in accordance herewith is greater than the after-tax value
to the Participant if the Payments are reduced in accordance herewith. For purposes of this Section 24, the “Reduced Amount”
shall be the amount, expressed as a present value, which maximizes the aggregate present value of the Payments without causing any Payment
to be nondeductible by the Company because of Code Section 280G. For purposes of determining the after-tax value of the Payments, the
Participant shall be deemed to pay federal income taxes and employment taxes at the highest marginal rate of federal income and employment
taxation in the calendar year in which the Payments are to be made and state and local income taxes at the highest marginal rates of
taxation in the state and locality of the Participant’s domicile for income tax purposes on the date the Payments are to be made,
net of the maximum reduction in federal income taxes that may be obtained from deduction of such state and local taxes.

 

    	-12-

    	 

    

 

(b)
Process for Reduction. If the Company’s auditors determine that any Payment would be nondeductible by the Company because
of Code Section 280G, then the Company shall promptly give the Participant notice to that effect and a copy of the detailed calculation
thereof and of the Reduced Amount, and the Participant may then elect, in his or her sole discretion, which and how much of the Payments
shall be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount)
and shall advise the Company in writing of his or her election within ten (10) days of receipt of notice. If no such election is made
by the Participant within such ten (10) day period, then the Company may elect which and how much of the Payments shall be eliminated
or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount) and shall notify the
Participant promptly of such election. For purposes of this Section 24, present value shall be determined in accordance with Code Section
280G(d)(4). All determinations made by the Company’s auditors under this Section 24 shall be binding upon the Company and the Participant
and shall be made within sixty (60) days of the date when a Payment becomes payable or transferable. As promptly as practicable following
such determination and the elections hereunder, the Company shall pay or transfer to or for the benefit of the Participant such amounts
as are then due to him or her under the Plan and shall promptly pay or transfer to or for the benefit of the Participant in the future
such amounts as become due to him or her under the Plan.

 

(c)
Overpayments and Underpayments. As a result of uncertainty in the application of Code Section 280G at the time of an initial determination
by the Company’s auditors hereunder, it is possible that Payments will have been made by the Company that should not have been
made (an “Overpayment”) or that additional Payments that will not have been made by the Company could have been made (an
“Underpayment”), consistent in each case with the calculation of the Reduced Amount hereunder. In the event that the Company’s
auditors, based upon the assertion of a deficiency by the Internal Revenue Service against the Company or the Participant that the auditors
believe has a high probability of success, determine that an Overpayment has been made, such Overpayment shall be treated for all purposes
as a loan to the Participant which he or she shall repay to the Company, together with interest at the applicable federal rate provided
in Code Section 7872(f)(2); provided, however, that no amount shall be payable by the Participant to the Company if and to the extent
that such payment would not reduce the amount subject to taxation under Code Section 4999. In the event that the auditors determine that
an Underpayment has occurred, such Underpayment shall promptly be paid or transferred by the Company to or for the benefit of the Participant,
together with interest at the applicable federal rate provided in Code Section 7872(f)(2).

 

(d)
Definition of Company. For purposes of this Section 24, the term “Company” shall include affiliated corporations to
the extent determined by the Auditors in accordance with Code Section 280G(d)(5).

 

25.
Governing Law. This Plan shall be governed by the laws of the State of Delaware, without regard to conflict of law principles.

 

    	-13-Exhibit
10.2

 

OPTMED,
INC.

 

2008
EQUITY COMPENSATION PLAN

 

1.
Purposes of the Plan. The purposes of this OptMed, Inc. 2008 Equity Compensation Plan (the “Plan”) are to attract
and retain the best available personnel for positions of substantial responsibility, to provide additional incentives to Employees, Directors
and Consultants, and to promote the success of the Company and any Affiliate. Options granted under the Plan may be Incentive Stock Options
or Nonstatutory Stock Options, as determined by the Administrator at the time of grant. Stock Purchase Rights, Stock Awards and Unrestricted
Shares may also be granted under the Plan.

 

2.
Definitions. As used herein, the following definitions shall apply:

 

“Administrator”
means the committee which has been delegated the responsibility of administering the an

 

“Affiliate”
means any Parent and/or Subsidiary.

 

“Applicable
Laws” means the requirements relating to the administration of equity compensation plans under the applicable corporate
and securities laws of any of the states in the United States, U.S. federal securities laws, the Code, any stock exchange or quotation
system on which the Common Stock is listed or quoted and the applicable laws of any foreign country or jurisdiction where Awards are,
or will be, granted under the Plan.

 

“Award”
means an Option, a Stock Purchase Right, a Stock Award and/or the grant of Unrestricted Shares.

 

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

 

“Cause”
means, unless otherwise specifically provided in the Participant’s Option Agreement, Restricted Stock Purchase Agreement
or Stock Award Agreement, a finding by the Administrator that the Participant’s employment or service with the Company or any Affiliate
was terminated due to one or more of the following: (i) the Participant’s performance of duties in an incompetent manner; (ii)
the Participant’s commission of any act of fraud, insubordination, misappropriation or personal dishonesty relating to or involving
the Company or any Affiliate in any material way; (iii) the Participant’s gross negligence; (iv) the Participant’s violation
of any express direction of the Company or of any Affiliate or any material violation of any rule, regulation, policy or plan established
by the Company or any Affiliate from time to time regarding the conduct of its employees or its business; (v) the Participant’s
disclosure or use of confidential information of the Company or any Affiliate, other than as required in the performance of the Participant’s
duties; (vi) actions by the Participant that are clearly contrary to the best interests of the Company and/or its Affiliates; (vii) the
Participant’s conviction of a crime constituting a felony or any other crime involving moral turpitude, or no conviction, but the
substantial weight of credible evidence indicates that the Participant has committed such a crime; (viii) the Participant’s use
of alcohol or any unlawful controlled substance to an extent that it interferes with the performance of the Participant’s duties;
or (ix) any other act or omission which in the determination of the Administrator is materially detrimental to the business of the Company
or of an Affiliate. Notwithstanding the foregoing, if a Participant has entered into a written employment or service agreement with the
Company that specifies the conditions or circumstances under which the Participant’s service may be terminated for cause, then
the terms of such agreement shall apply for purposes of determining whether “Cause” shall have occurred for purposes of this
Plan.

 

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

 

“Common
Stock” means the common stock, par value $.0001 per share, of the Company.

 

“Company”
means OptMed, Inc., a Delaware corporation.

 

“Consultant’
means any person, including an advisor, engaged by the Company or an Affiliate to render services to such entity, other than
an Employee or a Director.

 

“Director”
means a member of the Board.

 

    	 

    	 

    

 

“Disability”
means total and permanent disability as defined in Section 22(e)(3) of the Code.

 

“Employee”
means any person, including officers and Directors, serving as an employee of the Company or an Affiliate. An individual shall
not cease to be an Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between locations of the
Company or between the Company, its Parent, any Subsidiary or any successor. For purposes of an Option initially granted as an Incentive
Stock Option, if a leave of absence of more than three months precludes such Option from being treated as an Incentive Stock Option under
the Code, such Option thereafter shall be treated as a Nonstatutory Stock Option for purposes of this Plan. Neither service as a Director
nor payment of a director’s fee by the Company shall be sufficient to constitute “employment” by the Company.

 

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

 

(i)
if the Common Stock is listed on any established stock exchange or a national market system, including without limitation The Nasdaq
National Market or The Nasdaq Capital Market of The Nasdaq Stock Market, the Fair Market Value of a Share of Common Stock shall be the
closing sales price of a Share of Common Stock (or the closing bid, if no such sales were reported) as quoted on such exchange or system
for the last market trading day prior to the time of determination, as reported in The Wall Street Journal or such other source
as the Administrator deems reliable;

 

(ii)
if the Common Stock is regularly quoted by a recognized securities dealer but is not listed in the manner contemplated by clause (i)
above, 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 last market trading day prior to the day of determination, as reported in The Wall Street Journal or such other source
as the Administrator deems reliable; or

 

(iii)
if neither clause (i) above nor clause (ii) above applies, the Fair Market Value shall be determined in good faith by the Administrator
based on the reasonable application of a reasonable valuation method.

 

“Incentive
Stock Option” means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the
Code and the regulations promulgated thereunder.

 

“Nonstatutory
Stock Option” means an Option not intended to qualify as an Incentive Stock Option.

 

“Notice
of Grant’ means a written or electronic notice evidencing certain terms and conditions of an individual Option grant, Stock
Purchase Right grant, Stock Award grant or grant of Unrestricted Shares. The Notice of Grant applicable to Stock Options shall be part
of the Option Agreement.

 

“Option”
means a stock option granted pursuant to the Plan.

 

“Option
Agreement” means an agreement between the Company and an Optionee evidencing the terms and conditions of an individual
Option grant. Each Option Agreement shall be subject to the terms and conditions of the Plan.

 

“Optioned
Stock” means the Common Stock subject to an Option or Stock Purchase Right.

 

“Optionee”
means the holder of an outstanding Option or Stock Purchase Right granted under the Plan.

 

“Parent”
means a “parent corporation” of the Company (or, in the context of Section 15(c) of the Plan, of a successor corporation),
whether now or hereafter existing, as defined in Section 424(e) of the Code.

 

“Participant”
shall mean any Service Provider who holds an Option, a Stock Purchase Right, Restricted Stock, a Stock Award or Unrestricted
Shares granted or issued pursuant to the Plan.

 

“Restricted
Stock” means shares of Common Stock acquired pursuant to a grant of Stock Purchase Rights under Section 11 of the Plan.

 

“Restricted
Stock Purchase Agreement” means a written agreement between the Company and an Optionee evidencing the terms and restrictions
applicable to stock purchased under a Stock Purchase Right. Each Restricted Stock Purchase Agreement shall be subject to the terms and
conditions of the Plan and the applicable Notice of Grant.

 

“Service
Provider” means an Employee, Director or Consultant.

 

    	-2-

    	 

    

 

“Share”
means a share of the Common Stock, as adjusted in accordance with Section 15 of the Plan.

 

“Stock
Award” means an Award of Shares pursuant to Section 12 of the Plan.

 

“Stock
Award Agreement’ means an agreement, approved by the Administrator, providing the terms and conditions of a Stock Award.

 

“Stock
Award Shares” means Shares subject to a Stock Award.

 

“Stock
Awardee” means the holder of an outstanding Stock Award granted under the Plan.

 

“Stock
Purchase Right” means the right to purchase Common Stock pursuant to Section 11 of the Plan, as evidenced by a Notice of
Grant.

 

“Subsidiary”
means a “subsidiary corporation” of the Company (or, in the context of Section 15(c) of the Plan, of a successor
corporation), whether now or hereafter existing, as defined in Section 424(f) of the Code.

 

“Unrestricted
Shares” means a grant of Shares made on an unrestricted basis pursuant to Section 13 of the Plan.

 

3.
Stock Subject to the Plan. Subject in all cases to Section 15 of the Plan, the number of Shares subject to the Plan shall be governed
by this Section 3. The maximum number of Shares of Common Stock that may be issued under the Plan shall be 1,000,000. For purposes of
the foregoing limitation, the Shares of Common Stock underlying any Awards which are forfeited, canceled, reacquired by the Company,
satisfied without the issuance of Common Stock or otherwise terminated (other than by exercise) shall be added back to the number of
Shares of Common Stock available for issuance under the Plan. All Shares of Common Stock that may be issued under the Plan shall be available
for grant as Incentive Stock Options.

 

4.
Administration of the Plan.

 

(a)
Administration. The Plan shall be administered by a committee of the Board comprised of two or more “outside directors”
within the meaning of Section 162(m) of the Code and the regulations promulgated thereunder.

 

(b)
Powers of the Administrator. Subject to the provisions of the Plan, the Administrator shall have the authority, in its discretion:

 

(i)
to determine the Fair Market Value;

 

(ii)
to select the Service Providers to whom Options, Stock Purchase Rights, Stock Awards and Unrestricted Shares may be granted hereunder;

 

(iii)
to determine the number of Shares of Common Stock to be covered by each Award granted hereunder;

 

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

 

(v)
to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award . granted hereunder and of any Restricted
Stock Purchase Agreement. Such terms and conditions include, but are not limited to, the exercise price, the time or times when Options
or Stock Purchase Rights may be exercised (which may be based on performance criteria), any vesting, acceleration or waiver of forfeiture
provisions, and any restriction or limitation regarding any Option, Stock Purchase Right or Stock Award, or the Shares of Common Stock
relating thereto, based in each case on such factors as the Administrator, in its sole discretion, shall determine;

 

(vi)
to construe and interpret the terms of the Plan, Awards granted pursuant to the Plan and agreements entered into pursuant to the Plan;

 

(vii)
to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to sub-plans established
for the purpose of qualifying for preferred tax treatment under foreign tax laws;

 

    	-3-

    	 

    

 

(viii)
to modify or amend each Award (subject to Section 18(c) of the Plan), including the discretionary authority to extend the post-termination
exercisability period of Options longer than is otherwise provided for in the Plan;

 

(ix)
to allow grantees to satisfy withholding tax obligations by having the Company withhold from the Shares to be issued upon exercise of
an Option that number of Shares having a Fair Market Value equal to the amount required to be withheld, provided that withholding is
Calculated at the minimum statutory withholding level. The Fair Market Value of the Shares to be withheld shall be determined on the
date that the amount of tax to be withheld is to be determined. All determinations to have Shares withheld for this purpose shall be
made by the Administrator in its discretion;

 

(x)
to reduce the exercise price of any Option or Stock Purchase Right to the then current Fan-Market Value if the Fair Market Value of the
Common Stock covered by such Option or Stock Purchase Right shall have declined since the date the Option or Stock Purchase Right was
granted;

 

(xi)
to authorize any person to execute on behalf of the Company any agreement entered into pursuant to the Plan and any instrument required
to effect the grant of an Award previously granted by the Administrator; and

 

(xii)
to make all other determinations deemed necessary or advisable for administering the Plan.

 

(c)
Effect of Administrator’s Decision. The Administrator’s decisions, determinations and interpretations shall be final
and binding on all holders of Awards and Restricted Stock. Neither the Administrator nor any member or delegate thereof, shall be liable
for any act, omission, interpretation, construction or determination made in good faith in connection with the Plan, and each of the
foregoing 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 any directors’ and officers’ liability insurance coverage which may be in effect from time to time.

 

5.
Eligibility. Nonstatutory Stock Options, Stock Purchase Rights, Stock Awards and Unrestricted Shares may be granted to Service
Providers. Incentive Stock Options may be granted only to Employees. Notwithstanding anything contained herein to the contrary, an Award
may be granted to a person who is not then a Service Provider; provided, however, that the grant of such Award shall be conditioned
upon such person becoming a Service Provider at or prior to the time of the execution of the agreement evidencing such Award.

 

6.
Limitations.

 

(a)
Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However,
notwithstanding such designation, if a single Employee becomes eligible in any given year to exercise Incentive Stock Options for Shares
having a Fair Market Value in excess of $100,000, those Options representing the excess shall be treated as Nonstatutory Stock Options.
In the previous sentence, “Incentive Stock Options” include Incentive Stock Options granted under any plan of the Company
or any Affiliate. For the purpose of deciding which Options apply to Shares that “exceed” the $100,000 limit, Incentive Stock
Options shall be taken into account in the same order as granted. The Fair Market Value of the Shares shall be determined as of the time
the Option with respect to such Shares is granted.

 

(b)
Neither the Plan nor any Award nor any agreement entered into pursuant to the Plan shall confer upon a Participant any right with respect
to continuing the grantee’s relationship as a Service Provider with the Company or any Affiliate, nor shall they interfere in any
way with the Participant’s right or the right of the Company or any Affiliate to terminate such relationship at any time, with
or without cause.

 

7.
Term of the Plan. Subject to Section 22 of the Plan, the Plan shall become effective upon its adoption by the Board. It shall
continue in effect for a term of ten (10) years unless terminated earlier under Section 18 of the Plan.

 

8.
Term of Options. The term of each Option shall be stated in the applicable Option Agreement. In the case of an Incentive Stock
Option, the term shall be ten (10) years from the date of grant or such shorter term as may be provided in the applicable Option Agreement.
However, in the case of an Incentive Stock Option granted to an Optionee who, at the time the Incentive Stock Option is granted, owns,
directly or indirectly, stock representing more than ten percent (10%) of the total combined voting power of all classes of stock of
the Company or any Parent or Subsidiary, the term of the Incentive Stock Option shall be five (5) years from the date of grant or such
shorter term as may be provided in the applicable Option Agreement.

 

    	-4-

    	 

    

 

9.
Option Exercise Price; Exercisability.

 

(a)
Exercise Price. The per Share exercise price for the Shares to be issued pursuant to exercise of an Option shall be determined
by the Administrator, subject to the following:

 

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

 

(A)
granted to an Employee who, at the time the Incentive Stock 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 Affiliate, the per Share exercise price shall be no less than 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 paragraph (A) immediately above, the per Share exercise price shall be no
less than 100% of the Fair Market Value per Share on the date of grant.

 

(ii)
In the case of a Nonstatutory Stock Option, the per Share exercise price shall be determined by the Administrator; provided, however,
that the per Share exercise price of a Nonstatutory Stock. Option shall be no less than 100% of the Fair Market Value per Share on
the date of grant as (determined by the Administrator in good faith) in the case of a Nonstatutory Stock Option intended to qualify as
“performance-based compensation” within the meaning of Section 162(m) of the Code.

 

(iii)
Notwithstanding the foregoing, Options may be granted with a per Share exercise price of less than 100% (or 110%, if clause (i)(A) above
applies) of the Fair Market Value per Share on the date of grant pursuant to a merger or other comparable corporate transaction.

 

(b)
Exercise Period and Conditions. At the time that an Option is granted, the Administrator shall fix the period within which the
Option may be exercised and shall determine any conditions that must be satisfied before the Option may be exercised.

 

10.
Exercise of Options; Consideration.

 

(a)
Procedure for Exercise; Rights as a Shareholder. Any Option granted hereunder shall be exercisable according to the terms of the
Plan and at such times and under such conditions as determined by the Administrator and set forth in the Option Agreement; provided,
however, that unless otherwise determined by the Administrator, each Option shall vest and become exercisable as to 25% of the Shares
subject to such Option on the first anniversary of its date of grant, and as to l/36th of the remaining Shares subject to such Option
each full month thereafter. Unless the Administrator provides otherwise, vesting of Options granted hereunder shall be tolled during
any unpaid leave of absence. An Option may not be exercised for a fraction of a Share. An Option shall be deemed exercised when the Company
receives: (i) written or electronic notice of exercise (in accordance with the Option Agreement) from the person entitled to exercise
the Option, and (ii) full payment for the Shares with respect to which the Option is exercised. Full payment may consist of any consideration
and method of payment authorized by the Administrator and permitted by the Option Agreement and Section 10(f) of the Plan. Shares issued
upon exercise of an Option shall be issued in the name of the Optionee. Until the Shares are issued (as evidenced by the appropriate
entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any
other rights as a shareholder shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. The Company
shall issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or
other right for which the record date is prior to the date the Shares are issued, except as provided in Section 15 of the Plan. Exercising
an Option in any manner shall decrease the number of Shares thereafter available, both for purposes of the Plan and for sale under the
Option, by the number of Shares as to which the Option is exercised. s

 

    	-5-

    	 

    

 

(b)
Termination of Relationship as a Service Provider. If an Optionee ceases to be a Service Provider, other than as a result of the
Optionee’s death, Disability or termination for Cause, the Optionee may exercise his or her Option within such period of time as
is specified in the Option Agreement to the extent that the Option is vested on the date of termination (but in no event later than the
expiration of the term of such Option as set forth in the Option Agreement). In the absence of a specified time in the Option Agreement
and except as otherwise provided in Sections 10(c), 10(d) and 10(e) of this Plan, the Option shall remain exercisable for three months
following the Optionee’s termination (but in no event later than the expiration of the term of such Option). If, on the date of
termination, the Optionee is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall
revert to the Plan. If, after termination, the Optionee does not exercise his or her Option in full within the time specified by the
Administrator, the unexercised portion of the Option shall terminate, and the Shares covered by such unexercised portion of the Option
shall revert to the Plan. An Optionee who changes his or her status as a Service Provider (e.g., from being an Employee to being
a Consultant) shall not be deemed to have ceased being a Service Provider for purposes of this Section 10(b), nor shall a transfer of
employment among the Company and any Affiliate be considered a termination of employment; provided, however, that if an Optionee
owning Incentive Stock Options ceases being an Employee but continues as a Service Provider, such Incentive Stock Options shall be deemed
to be Nonstatutory Options three months after the date of such cessation.

 

(c)
Disability of an Optionee. If an Optionee ceases to be a Service Provider as a result of the Optionee’s Disability, the
Optionee may exercise his or her Option within such period of time as is specified in the Option Agreement to the extent the Option is
vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Option Agreement).
In the absence of a specified time in the Option Agreement, the Option shall remain exercisable for twelve (12) months following the
Optionee’s termination (but in no event later than the expiration of the term of such Option). If, on the date of termination,
the Optionee is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall revert to the
Plan. If, after termination, the Optionee does not exercise his or her Option in full within the time specified herein, the unexercised
portion of the Option shall terminate, and the Shares covered by such unexercised portion of the Option shall revert to the Plan.

 

(d)
Death of an Optionee. If an Optionee dies while a Service Provider, the Option may be exercised within such period of time as
is specified in the Option Agreement (but in no event later than the expiration of the term of such Option as set forth in the Option
Agreement), by the Optionee’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance, but
only to the extent that the Option is vested on the date of death. In the absence of a specified time in the Option Agreement, the Option
shall remain exercisable for twelve (12) months following the Optionee’s death (but in no event later than the expiration of the
term of such Option). If, at the time of death, the Optionee is not vested as to his or her entire Option, the Shares covered by the
unvested portion of the Option shall revert to the Plan. If the Option is not so exercised in full within the time specified herein,
the unexercised portion of the Option shall terminate, and the Shares covered by the unexercised portion of such Option shall revert
to the Plan.

 

(e)
Termination for Cause. Unless otherwise provided in a Service Provider’s Option Agreement, if a Service Provider’s
relationship with the Company is terminated for Cause, then such Service Provider shall have no right to exercise any of such Service
Provider’s Options at any time on or after the effective date of such termination.

 

(f)
Form of Consideration. The Administrator shall determine the acceptable form of consideration for exercising an Option, including
the method of payment. In the case of an Incentive Stock Option, the Administrator shall determine the acceptable form of consideration
at the time of grant. Such consideration may consist entirely of:

 

	 	(i)	cash;

 

	 	(ii)	check;

 

	 	(iii)	other
  Shares which (A) have been owned by the Optionee for more than six months on the date of surrender, and (B) have a Fair Market Value
  on the date of surrender equal to the aggregate exercise price of the Shares as to which said Option shall be exercised;

 

	 	(iv)	consideration
  received by the Company under a cashless exercise program permitted by the Administrator;

 

	 	(v)	a
  reduction in the amount of any Company liability to the Optionee, including any liability attributable to the Optionee’s participation
  in any Company-sponsored deferred compensation program or arrangement;

 

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

 

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

 

    	-6-

    	 

    

 

11.
Stock Purchase Rights.

 

(a)
Rights to Purchase. Stock Purchase Rights may be issued either alone, in addition to, or in tandem with Options or other Awards
granted under the Plan and/or cash awards made outside of the Plan. After the Administrator determines that it will offer Stock Purchase
Rights under the Plan, it shall advise the offeree in writing or electronically, by means of a Notice of Grant and/or a Restricted Stock
Purchase Agreement in the form determined by the Administrator, of the terms, conditions and restrictions related to the offer, including
the number of Shares that the offeree shall be entitled to purchase and the price to be paid for such Shares. The offer shall be accepted
by execution of a Restricted Stock Purchase Agreement in the form determined by the Administrator.

 

(b)
Repurchase Option. Unless the Administrator determines otherwise, the Restricted Stock Purchase Agreement shall grant the Company
a repurchase option exercisable upon the voluntary or involuntary termination of the purchaser’s service with the Company for any
reason (including death or Disability). The purchase price for Shares repurchased pursuant to the Restricted Stock Purchase Agreement
shall be the original price paid by the purchaser and may be paid by cancellation of any indebtedness of the purchaser to the Company.
The repurchase option shall lapse at a rate determined by the Administrator; provided, however, that unless otherwise determined
by the Administrator, the restrictions shall lapse as to 25% of the Shares subject to such Restricted Stock Purchase Agreement on the
first anniversary of its date of grant, and as to l/36th of the remaining Shares subject to such Restricted Stock Purchase Agreement
each full month thereafter.

 

(c)
Other Provisions. The Restricted Stock Purchase Agreement shall contain such other terms, provisions and conditions not inconsistent
with the Plan as may be determined by the Administrator in its sole discretion.

 

(d)
Rights as a Shareholder. Once the Stock Purchase Right is exercised, the purchaser shall have the rights equivalent to those of
a shareholder, and shall be a shareholder when his or her purchase is entered upon the records of the duly authorized transfer agent
of the Company. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Stock Purchase
Right is exercised, except as provided in Section 15 of the Plan.

 

12.
Stock Awards. The Administrator may, in its sole discretion, grant (or sell at par value or such higher purchase price as it determines)
Shares to any Service Provider, as defined herein, subject to such terms and conditions as the Administrator sets forth in a Stock Award
Agreement evidencing such grant. Stock Awards may be granted or sold in respect of past services or other valid consideration or in lieu
of any cash compensation otherwise payable to such individual. The grant of Stock Awards shall be subject to the following provisions:

 

(a)
At the time a Stock Award is made, the Administrator shall establish a vesting period (the “Restricted Period”) applicable
to the Stock Award Shares subject to such Stock Award. Subject to the right of the Administrator to establish a different Restricted
Period, the Restricted Period of a Stock Award shall lapse as follows: the restrictions shall lapse as to 25% of the Shares subject to
such Stock Award on the first anniversary of its date of grant, and as to l/36th of the remaining Shares subject to such Stock Award
each full month thereafter. The Administrator may, in its sole discretion, at the time a grant is made, prescribe restrictions in addition
to the expiration of the Restricted Period, including the satisfaction of corporate or individual performance objectives. None of the
Stock Award Shares may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of during the Restricted Period applicable
to such Stock Award Shares or prior to the satisfaction of any other restrictions prescribed by the Administrator with respect to such
Stock Award Shares.

 

(b)
The Company shall issue, in the name of each Service Provider to whom Stock Award Shares have been granted, stock certificates representing
the total number of Stock Award Shares granted to such person, as soon as reasonably practicable after the grant. The Company, at the
direction of the Administrator, shall hold such certificates, properly endorsed for transfer, for the Stock Awardee’s benefit until
such time as the Stock Award Shares are forfeited to the Company, or the restrictions lapse.

 

(c)
Unless otherwise provided by the Administrator, holders of Stock Award Shares shall have the right to vote such Shares and have the right
to receive any cash dividends with respect to such Shares. All distributions, if any, received by a Stock Awardee with respect to Stock
Award Shares as a result of any stock split, stock distribution, combination of shares, or other similar transaction shall be subject
to the restrictions of this Section 12.

 

    	-7-

    	 

    

 

(d)
Any Stock Award Shares granted to a Service Provider pursuant to the Plan shall be forfeited if the Stock Awardee voluntarily terminates
employment with the Company or its Affiliates or resigns or voluntarily terminates his consultancy arrangement or directorship with the
Company or its Affiliates, or if the Stock Awardee’s employment or consultancy arrangement or directorship is terminated for Cause
prior to the expiration or termination of the applicable Restricted Period and the satisfaction of any other conditions applicable to
such Stock Award Shares. Upon such forfeiture, the Stock Award Shares that are forfeited shall be retained in the treasury of the Company
and be available for subsequent awards under the Plan. If the Stock Awardee’s employment, consultancy arrangement or directorship
terminates for any other reason, the Stock Award Shares held by such person shall be forfeited, unless the Administrator, in its sole
discretion, shall determine otherwise.

 

(e)
Upon the expiration or termination of the Restricted Period and the satisfaction of any other conditions prescribed by the Administrator,
the restrictions applicable to the Stock Award Shares shall lapse and, at the Stock Awardee’s request, a stock certificate for
the number of Stock Award Shares with respect to which the restrictions have lapsed shall be delivered, free of all such restrictions,
to the Stock Awardee or his beneficiary or estate, as the case may be.

 

13.
Unrestricted Shares. The Administrator may grant Unrestricted Shares in accordance with the following provisions:

 

(a)
The Administrator may cause the Company to grant Unrestricted Shares to Service Providers at such time or times, in such amounts and
for such reasons as the Administrator, in its sole discretion, shall determine. No payment shall be required for Unrestricted Shares.

 

(b)
The Company shall issue, in the name of each Service Provider to whom Unrestricted Shares have been granted, stock certificates representing
the total number of Unrestricted Shares granted to such individual, and shall deliver such certificates to such Service Provider as soon
as reasonably practicable after the date of grant or on such later date as the Administrator shall determine at the time of grant.

 

14.
Non-Transferability. Unless determined otherwise by the Administrator, an Option and Stock Purchase Right 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 Optionee, only by the Optionee. If the Administrator makes an Option or Stock Purchase Right
transferable, such Option or Stock Purchase Right shall contain such additional terms and conditions as the Administrator deems appropriate.
Notwithstanding the foregoing, the Administrator, in its sole discretion, may provide in the Option Agreement regarding a given Option
that the Optionee may transfer, without consideration for the transfer, his or her Nonstatutory Stock Options to members of his or her
immediate family, 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
Option. During the period when Shares of Restricted Stock and Stock Award Shares are restricted (by virtue of vesting schedules or otherwise),
such Shares 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.

 

15.
Adjustments Upon Changes in Capitalization, Dissolution, Merger or Asset Sale.

 

(a)
Changes in Capitalization. Subject to any required action by the shareholders of the Company, the number of Shares of Common Stock
covered by each outstanding Option, Stock Purchase Right and Stock Award, the number of Shares of Restricted Stock outstanding and the
number of Shares of Common Stock which have been authorized for issuance under the Plan but as to which no Options, Stock Purchase Rights
or Stock Awards have yet been granted or which have been returned to the Plan upon cancellation or expiration of an Option, Stock Purchase
Right, Restricted Stock Purchase Agreement or Stock Award, as well as the price per Share of Common Stock covered by each such outstanding
Option or Stock Purchase Right, shall be proportionately adjusted for any increase or decrease in the number of issued Shares of Common
Stock resulting from a stock split, reverse stock split, stock dividend, combination or reclassification of the Common Stock, or any
other increase or decrease in the number of issued Shares of Common Stock effected without receipt of consideration by the Company; provided,
however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt
of consideration.” Such adjustment shall be made by the Administrator, whose determination in that respect shall be final, binding
and conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible
into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price
of Shares of Common Stock subject to an Award hereunder.

 

    	-8-

    	 

    

 

(b)
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator shall notify
each Optionee and holder of Stock Purchase Rights as soon as practicable prior to the effective date of such proposed dissolution or
liquidation. The Administrator in its discretion may provide for an Optionee to have the right to exercise his or her Option and for
a holder of a Stock Purchase Right to exercise his or her Stock Purchase Right until ten (10) days prior to such transaction as to all
of the Shares covered thereby, including Shares as to which an applicable Option would not otherwise be exercisable. In addition, the
Administrator may provide that any Company repurchase option applicable to any Shares purchased upon exercise of an Option or Stock Purchase
Right or applicable to any Stock Award shall lapse as to all such Shares, provided the proposed dissolution or liquidation takes place
at the time and in the manner contemplated. To the extent it has not been previously exercised, an Option or Stock Purchase Right will
terminate immediately prior to the consummation of such proposed action.

 

(c)
Merger or Asset Sale. In the event of a merger or consolidation of the Company with or into another corporation or any other entity
or the exchange of substantially all of the outstanding stock of the Company for shares of another entity or other property in which,
after any such transaction the prior shareholders of the Company own less than fifty percent (50%) of the voting shares of the continuing
or surviving entity, or in the event of the sale of all or substantially all of the assets of the Company, (any such event, a “Change
of Control”), then, absent a provision to the contrary in any particular Option Agreement or Stock Award (in which case the terms
of such Option Agreement or Stock Award shall supersede each of the provisions of this Section 15(c) which are inconsistent with such
Option Agreement or Stock Award), each outstanding Option, Stock Purchase Right and Stock Award shall be assumed or an equivalent option,
right or award substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that the
Administrator determines that the successor corporation or a Parent or a Subsidiary of the successor corporation has refused to assume
or substitute an equivalent option, right or award for each outstanding Option, Stock Purchase Right and Stock Award, the Optionees shall
fully vest in and have the right to exercise each outstanding Option and Stock Purchase Right as to all of the Optioned Stock covered
thereby, including Shares which would not otherwise be vested or exercisable, and all vesting periods under Stock Awards shall be deemed
to have been satisfied. In the event of a Change of Control, then, absent a provision to the contrary in any particular Restricted Stock
Purchase Agreement (in which case the terms of such Restricted Stock Purchase Agreement shall supersede each of the provisions of this
Section 15(c) which are inconsistent with such Restricted Stock Purchase Agreement), all vesting periods under Restricted Stock Purchase
Agreements shall be deemed to have been satisfied. If an Option and/or Stock Purchase Right becomes fully vested and exercisable in lieu
of assumption or substitution in the event of a Change of Control, the Administrator shall notify all Optionees that all outstanding
Options and Stock Purchase Rights shall be fully exercisable for a period of fifteen (15) days from the date of such notice and that
any Options and Stock Purchase Rights that are not exercised within such period shall terminate upon the expiration of such period. For
the purposes of this paragraph, all outstanding Options and Stock Purchase Rights shall be considered assumed if, following the consummation
of the Change of Control, the Option and Stock Purchase Right confers the right to purchase or receive, for each Share of Optioned Stock
subject to the Option or Stock Purchase Right immediately prior to the consummation of the Change of Control, the consideration (whether
stock, cash, or other property) received in the Change of Control by holders of Common Stock for each Share held on the effective date
of the transaction (and if holders were offered a choice of consideration, the type chosen by the holders of a majority of the outstanding
Shares); provided, however, that if such consideration received in the Change of Control is not solely common stock of the successor
corporation or its Parent, the Administrator may, with the consent of the successor corporation, provide for the consideration to be
received upon the exercise of the Option or Stock Purchase Right, for each Share of Optioned Stock subject to the Option or Stock Purchase
Right, to be solely common stock of the successor corporation or its Parent or Subsidiary equal in fair market value to the per share
consideration received by holders of Common Stock in the Change of Control.

 

    	-9-

    	 

    

 

16.
Substitute Options. In the event that the Company, directly or indirectly, acquires another entity, the Board may authorize the
issuance of stock options (“Substitute Options”) to the individuals performing services for the acquired entity in substitution
of stock options previously granted to those individuals in connection with their performance of services for such entity upon such terms
and conditions as the Board shall determine, taking into account the conditions of Code Section 424(a), as from time to time amended
or superseded, in the case of a Substitute Option that is intended to be an Incentive Stock Option. Shares of capital stock underlying
Substitute Stock Options shall not constitute Shares issued pursuant to the Plan for any purpose.

 

17.
Date of Grant. The date of grant of an Option, Stock Purchase Right, Stock Award or Unrestricted Share shall be, for all purposes,
the date on which the Administrator makes the determination granting such Option, Stock Purchase Right, Stock Award or Unrestricted Share,
or such other later date as is determined by the Administrator. Notice of the determination shall be provided to each grantee within
a reasonable time after the date of such grant.

 

18.
Amendment and Termination of the Plan.

 

(a)
Amendment and Termination. The Board may at any time amend, alter, suspend or terminate the Plan.

 

(b)
Shareholder Approval. The Company shall obtain shareholder approval of any Plan amendment to the extent necessary to comply with
Applicable Laws.

 

(c)
Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan shall impair the rights of
any grantee, unless mutually agreed otherwise between the grantee and the Administrator, which agreement must be in writing and signed
by the grantee and the Company. Termination of the Plan shall not affect the Administrator’s ability to exercise the powers granted
to it hereunder with respect to Awards granted under the Plan prior to the date of such termination.

 

19.
Conditions Upon Issuance of Shares.

 

(a)
Legal Compliance. Shares shall not be issued in connection with the grant of any Stock Award or Unrestricted Share or the exercise
of any Option or Stock Purchase Right unless such grant or the exercise of such Option or Stock Purchase Right and the issuance and delivery
of such Shares shall comply with Applicable Laws and shall be further subject to the approval of counsel for the Company with respect
to such compliance.

 

(b)
Investment Representations. As a condition to the grant of any Stock Award or Unrestricted Share or the exercise of any Option
or Stock Purchase Right, the Company may require the person receiving such Award or exercising such Option or Stock Purchase Right to
represent and warrant at the time of any such exercise or grant 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.

 

(c)
Additional Conditions. The Administrator shall have the authority to condition the grant of any Award or rights under any Restricted
Stock Purchase Agreement in such other manner that the Administrator determines to be appropriate, provided that such condition is not
inconsistent with the terms of the Plan. Such conditions may include, among other things, obligations of recipients to execute lock-up
agreements and shareholder agreements in the future.

 

(d)
Trading Policy Restrictions. Option and Stock Purchase Right exercises and other Awards under the Plan shall be subject to the
terms and conditions of any insider trading policy established by the Company or the Administrator.

 

20.
Inability to Obtain Authority. 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.

 

21.
Reservation of Shares. The Company, during the term of this Plan, will at all times reserve and keep available such number of
Shares as shall be sufficient to satisfy the requirements of the Plan.

 

22.
Shareholder Approval. The Plan shall be subject to approval by the shareholders of the Company within twelve (12) months after
the date the Plan is adopted. Such shareholder approval shall be obtained in the manner and to the degree required under Applicable Laws.
Notwithstanding any provision in the Plan to the contrary, any exercise of an Option or Stock Purchase Right granted before the Company
has obtained shareholder approval of the Plan in accordance with this Section 22 shall be conditioned upon obtaining such shareholder
approval of the Plan in accordance with this Section 22.

 

23.
Withholding; Notice of Sale. The Company shall be entitled to withhold from any amounts payable to an Employee any amounts which
the Company determines, in its discretion, are required to be withheld under any Applicable Law as a result of any action taken by a
holder of an Award.

 

24.
Governing Law. This Plan shall be governed by the laws of the State of Delaware, without regard to conflict of law principles.

 

    	-10-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00345-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00345-of-00352.parquet"}]]