Document:

Exhibit 10.7

 

·FLY
BLADE, INC.

 

AMENDED AND RESTATED
VOTING AGREEMENT

 

January 30,
2018

 

     

     

    

 

TABLE OF CONTENTS

 

		Page
	 	 
	SECTION 1	       VOTING	2
	 	 
	1.1	General	2
	 	 
	SECTION 2	        ELECTION OF DIRECTORS	2
	 	 
	2.1	Voting	2
	2.2	Designation of Directors	2
	2.3	Current Designees	3
	2.4	Changes in Designees	3
	2.5	Board of Directors.	3
	2.6	No Liability for Election of Recommended Director	3
	2.7	No "Bad Actor" Disqualification.	4
	 	 	 
	SECTION 3	        DRAG-ALONG RIGHTS	5
	 	 
	3.1	Drag-Along Rights	5
	3.2	Exceptions	6
	3.3	Termination of Drag-Along Rights	7
	 	 	 
	SECTION 4	        TERMINATION	8
	 	 
	4.1	Termination	8
	 	 
	SECTION 5	       ADDITIONAL SHARES	8
	 	 
	5.1	Additional Shares	8
	 	 
	SECTION 6	       RESTRICTIVE LEGEND	8
	 	 
	6.1	Restrictive Legend	8
	 	 
	SECTION 7	       MISCELLANEOUS	8
	 	 
	7.1	Certain Definitions	8
	7.2	Notices	9
	7.3	Successors and Assigns	10
	7.4	Governing Law	10
	7.5	Titles and Subtitles	10
	7.6	Further Assurances.	10
	7.7	Entire Agreement	10
	7.8	No Grant of Proxy	10
	7.9	Not a Voting Trust	10
	7.10	Specific Performance	10

 

     

     

    

 

	7.11	Amendment	11
	7.12	Additional Parties.	11
	7.13	Manner of Voting	11
	7.14	No Waiver	12
	7.15	Jurisdiction and Venue	12
	7.16	Attorney's Fees	12
	7.17	Aggregation of Stock	12
	7.18	Severability	12
	7.19	Counterparts	12
	7.20	Jury Trial	12

 

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·FLY
BLADE, INC.

 

AMENDED AND RESTATED
VOTING AGREEMENT

 

This
Amended and Restated Voting Agreement (this "Agreement") is made as of January 30, 2018 by and among
Fly Blade, Inc., a Delaware corporation (the "Company"), the persons and entities listed on Exhibit A
(each an "Investor," and collectively the "Investors"), and the persons listed
on Exhibit B-1 (each a "Founder") and the persons listed on Exhibit B-2 (together with the Founders,
each a "Common Stockholder" and collectively the "Common Stockholders"). The Common
Stockholders and the Investors are referred to herein collectively as the "Voting Parties."

 

RECITALS

 

WHEREAS,
the Company, certain of the Investors (the "Prior Investors") and the Common Stockholders previously entered
into an Amended and Restated Voting Agreement, dated May 3, 2016 (as amended from time to time, the "Prior Agreement"),
in connection with the Company's issuance and sale of shares of Series A Preferred Stock ("Series A Preferred").

 

WHEREAS,
the Company and certain of the Investors are parties to the Series B Preferred Stock Purchase Agreement (as amended from time
to time, the "Purchase Agreement"), dated as of the date hereof, among the Company and such Investors pursuant
to which the Company is issuing shares of its Series B Preferred Stock to such Investors ("Series B Preferred"
and, together with Series Seed Preferred Stock (the "Series Seed Preferred") and the Series A
Preferred, "Preferred Stock"), and it is a condition to the closing of the transactions contemplated thereby
that the Company, the Investors and the Common Stockholders execute and deliver this Agreement.

 

WHEREAS,
the Company's amended and restated certificate of incorporation, as amended (the "Restated Certificate")
provides that (i) the Company's board of directors (the "Board") shall consist of six directors, (ii) the
holders of Series B Preferred, voting as a separate class, shall be entitled to elect one director (the "Series B
Director"), (iii) the holders of the Series A Preferred and the Series Seed Preferred, voting together
as a single class, shall be entitled to elect one director (the "Preferred Director"), (iv) the holders
of the Company's common stock ("Common Stock") shall be entitled to elect three directors (the "Common
Directors") and (v) the holders of Common Stock and Preferred Stock, voting together as a single class on an
as-converted basis, shall be entitled to elect one (1) director (the "At Large Director").

 

WHEREAS,
the Company, the Prior Investors and the Common Stockholders intend that the Prior Agreement shall be superseded and replaced in
its entirety by this Agreement.

 

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AGREEMENT

 

NOW, THEREFORE, the
Company, the Prior Investors and the Common Stockholders hereby agree to amend and restate the Prior Agreement in its entirety
as set forth herein, and the parties hereto agree as follows:

 

SECTION 1

 

VOTING

 

1.1
General. During the term of this Agreement, the Voting Parties each agree to vote all shares of the Company's voting securities
now or hereafter owned by them, whether beneficially or otherwise, or as to which they have voting power (the "Shares")
in accordance with the provisions of this Agreement.

 

SECTION 2

 

ELECTION OF DIRECTORS

 

 2.1          Voting. During the term of this Agreement, each Voting Party agrees to vote all Shares owned by such Voting Party or over which such Voting Party has control, in such manner as may be necessary to elect (and maintain in office) as members of the Board the following individuals:

 

		(a)	The Preferred Designee (as defined below) as the Preferred Director;

 

		(b)	The Series B Designee (as defined below) as the Series B Director;

 

		(c)	Three Founder Designees (as defined below) as the Common Directors; and

 

		(d)	The At Large Designee (as defined below) as the At Large Director.

 

2.2          Designation
of Directors. The designees to the Board described above (each a "Designee")
shall be selected as follows:

 

 (a)         The "Preferred Designee" shall be chosen by Snickers Holdings LLC (together with its affiliates, "Snickers"), for so long as Snickers owns shares of Preferred Stock, and thereafter by the holders of a majority of the Series Seed Preferred and Series A Preferred (voting together as a single class on an as-converted to Common Stock basis) held by the Investors in the event that Snickers no longer owns any shares of Preferred Stock.

 

 (b)        The "Series B Designee" shall be chosen by ColPE Blade Investor, LLC (together with its affiliates, "Colony", for so long as Colony owns 2,140,484 shares of Common Stock (on an as-converted basis, which number is subject to appropriate adjustment for all stock splits, dividends, combinations, recapitalizations and the like), and by the holders of a majority of the Series B Preferred held by the Investors in the event that Colony no longer owns any shares of Series B Preferred.

 

 (c)         The three "Founder Designees" shall be chosen by a majority-in-interest of the Founders.

 

 (d)         The "At Large Designee" shall be chosen by a majority of the members of the Board.

 

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2.3           Current
Designees. For the purpose of this Agreement, the current directors of the Company shall
be deemed to include the following Designees:

 

		(a)	The Preferred Designee: initially, a vacancy;

 

		(b)	The Series B Designee: initially, Justin Chang;

 

		(c)	The Founder Designees:
Rob Wiesenthal, Steve Martocci, and John Borthwick; and

 

		(d)	The At Large Designee: Kenneth Lerer.

 

2.4           Changes
in Designees. From time to time during the term of this Agreement, (x) with respect
to all Designees other than the At Large Designee, Voting Parties who hold sufficient Shares to select a Designee pursuant to this
Agreement or (y) in the case of the At Large Designee, a majority of the Board, may in their sole discretion:

 

(a)          notify
the Company in writing of an intention to remove from the Board any incumbent Designee who occupies a seat on the Board for which
such Voting Parties or members of the Board, as applicable, are entitled to designate the Designee; or

 

(b)          notify
the Company in writing of an intention to select a new Designee for election to a seat on the Board for which such Voting Parties
or members of the Board, as applicable, are entitled to designate the Designee (whether to replace a prior Designee or to fill
a vacancy in such board seat including, without limitation, a vacancy resulting from removal pursuant to Section 2.7(d)).

 

In
the event of such an initiation of a removal or selection of a Designee under this Section 2.4, the Company shall take
such reasonable actions as are necessary to facilitate such removals or elections, including, without limitation, soliciting the
votes of the appropriate stockholders, and the Voting Parties shall vote their Shares owned by such Voting Party or over which
such Voting Party has control to cause: (a) the removal from the Board of the Designee or Designees so designated for removal;
and (b) the election to the Board of any new Designee or Designees so designated.

 

2.5         Board
of Directors. During the term of this Agreement, each Voting Party agrees to vote all
Shares owned by such Voting Party or over which such Voting Party has control to maintain the authorized number of members of the
Board at six directors. To the extent that the application of Sections2.2 results in the designation of less than all of
the authorized directors, the remaining directors who would otherwise have been designated in accordance with the terms thereof
shall be nominated and elected by the stockholders of the Company entitled to vote thereon in accordance with, and pursuant to,
the Restated Certificate.

 

2.6         No
Liability for Election of Recommended Director. Subject to Section2.7, none of
the Voting Parties and no officer, director, stockholder, partner, employee or agent of any of the Voting Parties makes any representation
or warranty as to the fitness or competence of the nominee of any Voting Party hereunder to serve on the Board by virtue of such
Voting Party's execution of this Agreement or by the act of such Voting Party in voting for such nominee pursuant to this Agreement.

 

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		2.7	No "Bad Actor" Disqualification.

 

(i)            Each
party to this Agreement represents and warrants that: neither it nor any beneficial owner of the Company's voting equity securities
(in accordance with Rule506(d) of the Securities Act) held by such party ("Beneficial Owner") is subject
to any of the "bad actor" disqualifications described in Rule506(d)(1)(i) through (viii) under
the Securities Act ("Disqualification Events");

 

(ii)           it
has exercised reasonable care to determine whether any Designee chosen by it is subject to any Disqualification Event;

 

(iii)          it
has provided the Company and the other parties to this Agreement with any and all information reasonably requested by the Company
or otherwise necessary for the Company to determine, in the exercise of reasonable care, whether any such Designee is subject to
any Disqualification Event;

 

(iv)          any
information furnished to the Company or the other parties to this Agreement with respect to the potential applicability of Disqualification
Events to any such Designee is true, correct and complete; and

 

 (v)           no Designee chosen by it is subject to a Disqualification Event.

 

(b)          Each
party to this Agreement agrees to exercise reasonable care to determine whether any of its Designees or potential Designees or
any Beneficial Owner is subject to any Disqualification Event, and shall promptly provide the Company and the other parties to
this Agreement with any and all information reasonably requested by the Company or otherwise necessary for the Company to determine,
in the exercise of reasonable care, whether any Designee or potential Designee or Beneficial Owner is subject to any Disqualification
Event. Each party to this Agreement agrees that it will not select a Designee that is subject to any Disqualification Event. Each
party to this Agreement will promptly notify each other party to this Agreement in writing if it, any Beneficial Owner or, to its
knowledge, any of its Designees or potential Designees is subject to any Disqualification Event.

 

(c)           Notwithstanding
any other provision in this Agreement to the contrary, no party shall be required to vote to elect (or maintain in office) any
person that is subject to a Disqualification Event.

 

(d)          From
time to time during the term of this Agreement, any party to this Agreement may request the removal of a director that is subject
to any Disqualification Event by written notice to the other parties to this Agreement specifying, in reasonable detail, the Disqualification
Event. If the Company reasonably determines that the director is subject to a Disqualification Event:

 

(i)            the
Company shall promptly notify each other party to this Agreement and take such reasonable actions as are necessary to facilitate
such removal, including, without limitation, soliciting the votes of the appropriate stockholders; and

 

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(ii)           the
Voting Parties shall vote all Shares owned by such Voting Party or over which such Voting Party has control to cause the removal
from the Board of the director subject to the Disqualification Event.

 

SECTION 3

 

DRAG-ALONG RIGHTS

 

3.1           Drag-Along Rights.
If (i) the holders of a majority of the then outstanding shares of Preferred Stock (determined on an as-converted basis)
(the "Selling Investors"), (ii) the Board and (iii)  a majority-in-interest
of the Founders each approve (the collective consent of such parties, the "Requisite Consent") a Change
of Control Transaction (as defined below), each of the Voting Parties agrees that:

 

(a)          if
such transaction requires stockholder approval, with respect to all Shares that such Stockholder owns or over which such Stockholder
otherwise exercises voting power, to vote (in person, by proxy or by action by written consent, as applicable) all Shares in favor
of, and adopt, such Change of Control Transaction (together with any related amendment to the Restated Certificate required in
order to implement such Change of Control Transaction) and to vote in opposition to any and all other proposals that could delay
or impair the ability of the Company to consummate such Change of Control Transaction;

 

(b)          if
such transaction is a stock sale in which a person, or a group of related persons, acquires from stockholders of the Company shares
representing more than fifty percent (50%) of the outstanding voting power of the Company, to sell the same proportion of shares
of capital stock of the Company beneficially held by such Voting Party as is being sold by the Selling Investors to the person
to whom the Selling Investors propose to sell their Shares, and, except as permitted in Section 3.2 below, on the same
terms and conditions as the Selling Investors;

 

(c)          to
execute and deliver all related documentation and take such other action in support of the Change of Control Transaction as shall
reasonably be requested by the Company or the Selling Investors in order to carry out the terms and provision of this Section 3,
including, without limitation, executing and delivering instruments of conveyance and transfer, and any purchase agreement, merger
agreement, indemnity agreement, escrow agreement, consent, waiver, governmental filing, share certificates duly endorsed for transfer
(free and clear of impermissible liens, claims and encumbrances), and any similar or related documents;

 

(d)          not
to deposit, and to cause their affiliates not to deposit, except as provided in this Agreement, any Shares of the Company owned
by such party or affiliate in a voting trust or subject any Shares to any arrangement or agreement with respect to the voting of
such Shares, unless specifically requested to do so by the acquiror in connection with the Change of Control Transaction;

 

(e)          to
refrain from exercising any dissenters' rights or rights of appraisal under applicable law at any time with respect to such Change
of Control Transaction;

 

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(f)            if
the consideration to be paid in exchange for the Shares pursuant to this Section 3 includes any securities and due
receipt thereof by any Voting Party would require under applicable law (x) the registration or qualification of such securities
or of any person as a broker or dealer or agent with respect to such securities; or (y) the provision to any Voting Party
of any information other than such information as a prudent issuer would generally furnish in an offering made solely to "accredited
investors" as defined in Regulation D promulgated under the Securities Act, the Company may cause to be paid to any such Voting
Party in lieu thereof, against surrender of the Shares which would have otherwise been sold by such Voting Party, an amount in
cash equal to the fair value (as determined in good faith by the Company) of the securities which such Voting Party would otherwise
receive as of the date of the issuance of such securities in exchange for the Shares;

 

(g)           in
the event that the Selling Investors, in connection with such Change of Control Transaction, appoint a stockholder representative
(the "Voting Party Representative") with respect to matters affecting the Voting Parties under the applicable
definitive transaction agreements following consummation of such Change of Control Transaction, (x) to consent to (i) the
appointment of such Voting Party Representative, (ii) the establishment of any applicable escrow, expense or similar fund
in connection with any indemnification or similar obligations, and (iii) the payment of such Voting Party's pro rata portion
(from the applicable escrow or expense fund or otherwise) of any and all reasonable fees and expenses to such Voting Party Representative
in connection with such Voting Party Representative's services and duties in connection with such Change of Control Transaction
and its related service as the representative of the Voting Parties, and (iv) not to assert any claim or commence any
suit against the Voting Party Representative or any other Voting Party with respect to any action or inaction taken or failed
to be taken by the Voting Party Representative in connection with its service as the Voting Party Representative, absent fraud
or willful misconduct.

 

3.2          Exceptions.
Notwithstanding the foregoing, a Voting Party will not be required to comply with Section 3.1
above in connection with any Change of Control Transaction unless:

 

(a)          no
Voting Party shall be required to make any representation, covenant or warranty in connection with the Change of Control Transaction,
other than as to such Voting Party's ownership and authority to sell, free of liens, claims and encumbrances, the shares of capital
stock proposed to be sold by such Voting Party;

 

(b)          the
consideration payable with respect to each share in each class or series as a result of such Change of Control Transaction is the
same (except for cash payments in lieu of fractional shares) as for each other share in such class or series;

 

(c)          each
class and series of capital stock of the Company will be entitled to receive the same form of consideration (and be subject to
the same indemnity and escrow provisions) as a result of such Change of Control Transaction;

 

(d)          the
payment with respect to each share of capital stock held by such Voting Party is an amount at least equal to the amount payable
in accordance with the Company's certificate of incorporation, if such Change of Control Transaction were deemed a liquidation,
dissolution or winding up within the meaning of Article V, Section3 thereof;

 

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(e)          any
representations and warranties to be made by such Voting Party in connection with the Change of Control Transaction are limited
to representations and warranties related to authority, ownership and the ability to convey title to the Shares owned by such Voting
Party or over which such Voting Party has control, including, but not limited to, representations and warranties that (i) the
Voting Party holds all right, title and interest in and to the Shares such Voting Party purports to hold, free and clear of all
liens and encumbrances, (ii) the obligations of the Voting Party in connection with the transaction have been duly authorized,
if applicable, (iii) the documents to be entered into by the Voting Party have been duly executed by the Voting Party and
delivered to the acquirer and are enforceable against the Voting Party in accordance with their respective terms; and (iv) neither
the execution and delivery of documents to be entered into in connection with the transaction, nor the performance of the Voting
Party's obligations thereunder, will cause a breach or violation of the terms of any agreement, law or judgment, order or decree
of any court or governmental agency;

 

(f)          the
Voting Party shall not be liable for the inaccuracy of any representation or warranty made by any other individual, corporation,
partnership, trust, limited liability company, association or other entity in connection with the Change of Control Transaction,
other than the Company (except to the extent that funds may be paid out of an escrow established to cover breach of representations,
warranties and covenants of the Company as well as breach by any stockholder of any of identical representations, warranties and
covenants provided by all stockholders); and

 

(g)         liability
for indemnification, if any, of such Voting Party and for the inaccuracy of any representations and warranties made by the Company
or such Voting Party in connection with the Change of Control Transaction shall be several and not joint with any other person
(except to the extent that funds may be paid out of an escrow established to cover breach of representations, warranties and covenants
of the Company as well as breach by any stockholder of any of identical representations, warranties and covenants provided by all
stockholders), and shall be limited to such Voting Party's applicable share (determined based on the respective proceeds payable
to each Voting Party in connection with such Change of Control Transaction in accordance with the provisions of the Company's certificate
of incorporation) of a negotiated aggregate indemnification amount that applies equally (on a proportionate basis) to all Voting
Parties but that in no event exceeds the amount of consideration otherwise payable to such Voting Party in connection with such
Change of Control Transaction, except with respect to claims related to fraud by such Voting Party, the liability for which need
not be limited as to such Voting Party.

 

3.3         Termination
of Drag-Along Rights. The rights contained in Section 3.1 shall terminate
immediately prior to the closing of a firm commitment underwritten initial public offering pursuant to an effective registration
statement filed under the Securities Act of 1933, as amended, covering the offer and sale of the Company's Common Stock (an "Initial
Public Offering").

 

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SECTION 4

 

TERMINATION

 

4.1         
Termination. This Agreement shall terminate upon the earlier of (i)the conversion of all outstanding shares of Preferred
Stock into Common Stock; (ii)a Change of Control Transaction; (iii)the agreement of a majority-in-interest of the Founders
and a majority-in-interest of the Investors, acting separately; or (iv) immediately prior to an Initial Public Offering; provided,
that the provisions of Section3 hereof will continue after any conversion of preferred stock into common stock or
Change of Control Transaction to the extent necessary to enforce the provisions of Section3 with respect to such
conversion or Change of Control Transaction. "Change of Control Transaction" means either (a)the
acquisition of the Company by another entity by means of any transaction or series of related transactions to which the
Company is party (including, without limitation, any stock acquisition, reorganization, merger or consolidation but excluding
any sale of stock for capital raising purposes) other than a transaction or series of related transactions in which the
holders of the voting securities of the Company outstanding immediately prior to such transaction or series of related
transactions retain, immediately after such transaction or series of related transactions, as a result of shares in the
Company held by such holders prior to such transaction or series of related transactions, at least a majority of the total
voting power represented by the outstanding voting securities of the Company or such other surviving or resulting entity (or
if the Company or such other surviving or resulting entity is a wholly-owned subsidiary immediately following such
acquisition, its parent); or (b)a sale, lease or other disposition of all or substantially all of the assets of the Company
and its subsidiaries taken as a whole by means of any transaction or series of related transactions, except where such sale,
lease or other disposition is to a wholly-owned subsidiary of the Company.

 

·SECTION 5

 

ADDITIONAL SHARES

 

5.1         
Additional Shares. In the event that subsequent to the date of this Agreement any shares or other securities (other than
pursuant to a Change of Control Transaction) are issued on, or in exchange for, any of the Shares by reason of any stock
dividend, stock split, consolidation of shares, reclassification or consolidation involving the Company, such shares or
securities shall be deemed to be Shares for purposes of this Agreement.

 

SECTION 6

 

RESTRICTIVE LEGEND

 

6.1         
Restrictive Legend. Each certificate representing any of the Shares subject to this Agreement shall be marked by the
Company with a legend reading substantially as follows:

 

THE SHARES EVIDENCED
HEREBY ARE SUBJECT TO A VOTING AGREEMENT (A COPY OF WHICH MAY BE OBTAINED FROM THE ISSUER) AND BY ACCEPTING ANY INTEREST IN
SUCH SHARES THE PERSON HOLDING SUCH INTEREST SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND BY ALL THE PROVISIONS OF SAID VOTING
AGREEMENT.

 

SECTION 7

 

MISCELLANEOUS

 

7.1         Certain
Definitions. Shares "held" by a Voting Party shall mean any Shares directly or indirectly owned (of
record or beneficially) by such Voting Party or as to which such Voting Party has voting power. "Vote"
shall include any exercise of voting rights whether at an annual or special meeting or by written consent or in any other manner
permitted by applicable law. A "majority-in-interest" of either the Founders, the Common Stockholders
or the Investors shall mean the holders of a majority of the Common Stock (determined on an as-converted basis) then held by such
group, and a "majority-in-interest" of the Voting Parties shall mean the holders of a majority of the
Common Stock (determined on an as converted basis) then held by such group.

 

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7.2          Notices.
All notices and other communications required or permitted hereunder shall be in writing
and shall be mailed by registered or certified mail, postage prepaid, sent by facsimile or electronic mail (if to a Voting Party)
or otherwise delivered by hand, messenger or courier service addressed:

 

(a)            if
to a Voting Party, to the Voting Party's address, facsimile number or electronic mail address as shown in the exhibits to this
Agreement or in the Company's records, as may be updated in accordance with the provisions hereof; or

 

(b)            if
to the Company, to the attention of the Chief Executive Officer or Chief Financial Officer of the Company at 499 East 34th
Street, New York, NY 10016, or at such other current address as the Company shall have furnished to the Investors, Common Stockholders
or other such holders, with a copy (which shall not constitute notice) to Sacha Ross, Cooley LLP 1114 Avenue of the Americas, 46th
Floor, New York, NY 10036.

 

Each
such notice or other communication shall for all purposes of this Agreement be treated as effective or having been given (i)if
delivered by hand, messenger or courier service, when delivered (or if sent via a nationally-recognized overnight courier service,
freight prepaid, specifying next-business-day delivery, one business day after deposit with the courier), or (ii)if sent via mail,
at the earlier of its receipt or five days after the same has been deposited in a regularly-maintained receptacle for the deposit
of the United States mail, addressed and mailed as aforesaid, or (iii)if sent via facsimile, upon confirmation of facsimile transfer
or, if sent via electronic mail, when directed to the relevant electronic mail address, if sent during normal business hours of
the recipient, or if not sent during normal business hours of the recipient, then on the recipient's next business day. In the
event of any conflict between the Company's books and records and this Agreement or any notice delivered hereunder, the Company's
books and records will control absent fraud or error.

 

Subject
to the limitations set forth in Delaware General Corporation Law §232(e), each Investor, Common Stockholder and other security
holder consents to the delivery of any notice to stockholders given by the Company under the Delaware General Corporation Law or
the Company's certificate of incorporation or bylaws by (i)facsimile telecommunication to the facsimile number set forth in the
exhibits to this Agreement (or to any other facsimile number for the Voting Party or other security holder in the Company's records),
(ii)electronic mail to the electronic mail address set forth in the exhibits to this Agreement (or to any other electronic mail
address for the Voting Party or other security holder in the Company's records), (iii)posting on an electronic network together
with separate notice to the Voting Party or other security holder of such specific posting or (iv)any other form of electronic
transmission (as defined in the Delaware General Corporation Law) directed to the Voting Party or other security holder. This consent
may be revoked by a Voting Party or other security holder by written notice to the Company and may be deemed revoked in the circumstances
specified in Delaware General Corporation Law §232.

 

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7.3            Successors
and Assigns. The provisions of this Agreement shall inure to the benefit of, and be binding
upon, the successors, assigns, heirs, executors and administrators of the parties. The Company shall not permit the transfer of
any Shares on its books or issue a new certificate representing any Shares unless and until the person to whom such security is
to be transferred shall have executed a written agreement pursuant to which such person becomes a party to this Agreement and agrees
to be bound by all the provisions hereof as if such person was a Voting Party hereunder.

 

7.4            Governing
Law. This Agreement shall be governed in all respects by the internal laws of the State
of New York as applied to agreements entered into among New York residents to be performed entirely within New York, without regard
to principles of conflicts of law.

 

7.5            Titles
and Subtitles. The titles and subtitles used in this Agreement are used for convenience
only and are not to be considered in construing or interpreting this Agreement. All references in this Agreement to sections, paragraphs
and exhibits shall, unless otherwise provided, refer to sections and paragraphs hereof and exhibits attached hereto.

 

7.6            Further
Assurances. Each party agrees to execute and deliver, by the proper exercise of its corporate,
limited liability company, partnership or other powers, all such other and additional instruments and documents and do all such
other acts and things as may be necessary to more fully effectuate this Agreement.

 

7.7            Entire
Agreement. This Agreement and the exhibits hereto constitute the full and entire understanding
and agreement between the parties with regard to the subjects hereof and supersedes in its entirety the Prior Agreement, which
shall have no further force and effect. This Agreement shall be deemed an amendment and restatement of the Prior Agreement, and
any party thereto who does not execute and deliver this Agreement will nevertheless be deemed a party hereunder and have all of
the rights, benefits and obligations associated therewith. No party hereto shall be liable or bound to any other party in any manner
with regard to the subjects hereof or thereof by any warranties, representations or covenants except as specifically set forth
herein.

 

7.8            No
Grant of Proxy. This Agreement does not grant any proxy and should not be interpreted
as doing so. Nevertheless, should the provisions of this Agreement be construed to constitute the granting of proxies, such proxies
shall be deemed coupled with an interest and are irrevocable for the term of this Agreement.

 

7.9            Not
a Voting Trust. This Agreement is not a voting trust governed by Section 218 of the
Delaware General Corporation Law and should not be interpreted as such.

 

7.10          Specific
Performance. It is agreed and understood that monetary damages would not adequately compensate
an injured party for the breach of this Agreement by any party, that this Agreement shall be specifically enforceable, and that
any breach or threatened breach of this Agreement shall be the proper subject of a temporary or permanent injunction or restraining
order. Further, each party waives any claim or defense that there is an adequate remedy at law for such breach or threatened breach.

 

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7.11        Amendment.
Except as expressly provided herein, neither this Agreement nor any term hereof may be
amended, waived, discharged or terminated other than by a written instrument referencing this Agreement and signed by (i)the
Company, (ii)a majority-in-interest of the Founders and (iii)Investors holding a majority of the Common Stock (determined on an
as-converted basis) held by all Investors; provided, however, that

 

(a)            Investors
purchasing Shares at each Subsequent Closing (each as defined in the Purchase Agreement) may become parties to this Agreement without
any amendment of this Agreement pursuant to this paragraph or any consent or approval of any other Voting Party;

 

(b)            if
any amendment, waiver, discharge or termination operates in a manner that treats any Common Stockholder or Investor different from
other Common Stockholders or Investors, respectively, the consent of such Common Stockholder or Investor shall also be required
for such amendment, waiver, discharge or termination;

 

(c)            the
right of a Voting Party or Voting Parties to designate a particular director shall not be amended, waived, discharged or terminated
without the approval of such Voting Party or a majority-in-interest of such Voting Parties, as applicable;

 

(d)            persons
or entities that hold outstanding Common Stock may become parties to this Agreement as Common Stockholders by executing a counterpart
of this Agreement, without any amendment of this Agreement, pursuant to this Section 7.11; and

 

(e)            the
consent of the Founders shall not be required for any amendment, waiver, discharge or termination if such amendment, waiver, discharge
or termination does not apply to the Founders.

 

Any
such amendment, waiver, discharge or termination effected in accordance with this paragraph shall be binding upon each Voting Party
that has entered into this Agreement and their respective successors and permitted assigns, whether or not such party, successor
or assignee entered into or approved such amendment, waiver, discharge or termination. Each Voting Party acknowledges that by the
operation of this paragraph, the Company, a majority-in-interest of the Founders and the holders of a majority of the Common Stock
(determined on an as-converted basis) held by all Investors and permitted transferees, will collectively have the right and power
to diminish or eliminate the rights of such Voting Party under this Agreement. The Company shall give prompt written notice of
any amendment, waiver, discharge or termination hereunder to any party hereto that did not consent in writing to such amendment,
waiver, discharge or termination.

 

7.12         Additional
Parties. Following the date of this Agreement, the Company agrees to use commercially
reasonable efforts to cause each person (other than an Investor) who comes to hold at least 1% of the shares of Common Stock (assuming
full conversion of the Preferred Stock and full conversion or exercise of all outstanding convertible securities, rights, options
and warrants and all securities reserved for issuance under the Company's stock plans) to become a party to this Agreement and
be deemed a "Common Stockholder" hereunder.

 

7.13         Manner
of Voting. The voting of Shares pursuant to this Agreement may be effected in person,
by proxy, by written consent or in any other manner permitted by applicable law. For the avoidance of doubt, voting of the Shares
pursuant to this Agreement need not make explicit reference to the terms of this Agreement.

 

    -11-

     

    

 

7.14         No
Waiver. The failure or delay by a party to enforce any provision of this Agreement will
not in any way be construed as a waiver of any such provision or prevent that party from thereafter enforcing any other provision
of this Agreement. The rights granted both parties hereunder are cumulative and will not constitute a waiver of either party's
right to assert any other legal remedy available to it.

 

7.15         Jurisdiction
and Venue. With respect to any disputes arising out of or related to this Agreement,
the parties consent to the exclusive jurisdiction of, and venue in, the state courts in New York County, New York (or in the event
of exclusive federal jurisdiction, the courts of the Southern District of New York).

 

7.16         Attorney's
Fees. In the event that any suit or action is instituted to enforce any provision in
this Agreement, the prevailing party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses
of enforcing any right of such prevailing party under or with respect to this Agreement, including without limitation, such reasonable
fees and expenses of attorneys and accountants, which shall include, without limitation, all fees, costs and expenses of appeals.

 

7.17         Aggregation
of Stock. All securities held or acquired by affiliated entities (including affiliated
venture capital funds) or persons shall be aggregated together for purposes of determining the availability of any rights under
this Agreement.

 

7.18         Severability.
If any provision of this Agreement becomes or is declared by a court of competent jurisdiction
to be illegal, unenforceable or void, portions of such provision, or such provision in its entirety, to the extent necessary,
shall be severed from this Agreement, and such court will replace such illegal, void or unenforceable provision of this Agreement
with a valid and enforceable provision that will achieve, to the extent possible, the same economic, business and other purposes
of the illegal, void or unenforceable provision. The balance of this Agreement shall be enforceable in accordance with its terms.

 

7.19         Counterparts.
This Agreement may be executed in one or more counterparts, each of which will be deemed
an original, but all of which together will constitute one and the same agreement. Facsimile copies of signed signature pages will
be deemed binding originals.

 

7.20         Jury
Trial. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY AND ALL RIGHT TO TRIAL BY JURY
IN ANY LEGAL PROCEEDING (WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATED TO THIS AGREEMENT.

 

(signature page follows)

 

    -12-

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	FLY BLADE, INC. 

a Delaware
corporation

 

	 	By:	/s/ Rob Wiesenthal

 

	 	Name:	Rob Wiesenthal
	 	 	 
	 	Title:	Chief Executive Officer

 

    

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	COMMON STOCKHOLDER
	 	 
	 	Rob Wiesenthal
	 	(Print name of Common Stockholder)
	 	 
	 	/s/ Rob Wiesenthal
	 	(Signature)
	 	 
	 	(Print name of signatory, if signing for an entity)
	 	 
	 	(Print title of signatory, if signing for an entity)

 

    

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	COMMON STOCKHOLDER
	 	 
	 	JumpTen LLC
	 	(Print name of Common Stockholder)
	 	 
	 	/s/ Steve Martocci
	 	(Signature)
	 	 
	 	Steve Martocci
	 	(Print name of signatory, if signing for an entity)
	 	 
	 	(Print title of signatory, if signing for an entity)

 

    

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	COMMON STOCKHOLDER
	 	 
	 	Evan Licht
	 	(Print name of Common Stockholder)
	 	 
	 	/s/ Evan Licht
	 	(Signature)
	 	 
	 	(Print name of signatory, if signing for an entity)
	 	 
	 	(Print title of signatory, if signing for an entity)

 

    

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	COMMON STOCKHOLDER
	 	 
	 	Rob Wiesenthal
	 	(Print name of Common Stockholder)
	 	 
	 	/s/ Rob Wiesenthal
	 	(Signature)
	 	 
	 	(Print name of signatory, if signing for an entity)
	 	 
	 	(Print title of signatory, if signing for an entity)

 

    

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	COMMON STOCKHOLDER
	 	 
	 	ROB WIESENTHAL
	 	 
	 	/s/ Rob Wiesenthal
	 	(Signature)

 

    

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

·

	 	COMMON STOCKHOLDER
	 	 	 
	 	SNICKERS HOLDINGS LLC
	 	 	 
	 	/s/ David Zaslav
	 	(Signature)
	 	 	 
	 	Name:	David
Zaslav
	 	 	 
	 	Title: 	
        President

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	·INVESTOR
	 	 	 
	 	COLPE BLADE INVESTOR, LLC
	 	 	 

	 	By:	 /s/ Mark M. Hedstrom

	 	 	 
	 	Name:	 Mark M. Hedstrom
	 	 	 
	 	Title:	 Vice President

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	·INVESTOR
	 	 	 
	 	LERER HIPPEAU VENTURES V, LP
	 	 	 
	 	By: Lerer Hippeau Ventures V GP, LLC, its General Partner

	 	 	 
	 	By: 	/s/ Eric Hippeau

	 	 	 
	 	Name: 	Eric Hippeau
	 	 	 
	 	Title: 	Managing Member

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	·INVESTOR
	 	 	 
	 	LERER HIPPEAU VENTURES SELECT FUND, LP
	 	 	 
	 	By: Lerer Hippeau Ventures Select Fund GP, LLC, its General Partner

	 	 	 
	 	By:	/s/
    Eric Hippeau
	 	(signature)

	 	 	 
	 	Name:	Eric
    Hippeau
	 	(Print name of signatory, if signing for an entity)
	 	 	 
	 	Title:	Managing
    Member
	 	(Print title of signatory, if signing for an entity)

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	·INVESTOR
	 	 	 
	 	Lerer Investments II, LLC
	 	(Print investor name)

	 	 	 
	 	By:	/s/ Kenneth Lerer
	 	(signature)

	 	 	 
	 	Name: 	Kenneth Lerer
	 	(Print name of signatory, if signing for an entity)
	 	 	 
	 	Title:	Managing Member
	 	(Print title of signatory, if signing for an entity)

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	INVESTOR
	 	 
	 	Andrew Bazos
	 	(Print investor name)
	 	 
		/s/ Andrew Bazos
	 	(Signature)

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	·INVESTOR
	 	 
	 	Andrew Farkas
	 	(Print investor name)
	 	 
	 	/s/ Andrew Farkas
	 	(Signature)

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	·INVESTOR
	 	 
	 	Gerald J. Cardinale
	 	(Print investor name)
	 	 
	 	/s/ Gerald J. Cardinale
	 	(Signature)

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	·INVESTOR
	 	 	 
	 	I-HATCH MANAGEMENT LLC

	 	 	 
	 	By:	/s/ Bradford Farkas

	 	 	 
	 	Name:	Bradford Farkas
	 	 	 
	 	Title:	Managing Member

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	INVESTOR
	 	 	 
	 	MATTHEW JACOBSON TRUST UAD 6/9/10
	 	 	 
	 	By: 	/s/ Matthew Jacobson

	 	 	 
	 	Name: 	Matthew Jacobson
	 	 	 
	 	Title:	Trustee

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	INVESTOR
	 	 
	 	PLYMOUTH TECHNOLOGY LLC
	 	 
	 	By:	/s/ Richard
    Mishaan
	 	 
	 	Name:	Richard Mishaan
	 	 
	 	Title:	Managing Member

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	INVESTOR
	 	 
	 	RAINE
    VENTURE PARTNERS I LP
	 	 
	 	By:
    Raine Venture Associates I LP, its general partner
	 	 
	 	By:
    Raine Management LLC, its general partner
	 	 
	 	By:	/s/
    Alfred Chianese
	 	 
	 	Name:	Alfred
    Chianese
	 	 
	 	Title:	Vice
    President

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	INVESTOR
	 	 
	 	Snickers Holdings LLC
	 	(Print investor name)
	 	 
	 	By:	/s/ David Zaslav                            
	 	(signature)
	 	 
	 	Name:	David Zaslav
	 	(Print name of signatory, if signing for an entity)
	 	 
	 	Title:	President
	 	(Print title of signatory, if signing for an entity)

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	INVESTOR
	 	 
	 	ROB WIESENTHAL
	 	 
	 	/s/ Rob Wiesenthal
	 	(signature)

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	INVESTOR
	 	 
	 	AIRBUS HELICOPTERS S.A.S
	 	 
	 	/s/ Clive Schley
	 	 
	 	Name:	Clive Schley
	 	 
	 	Title:	SVP Strategy

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	INVESTOR
	 	 
	 	LIONTREE PARTNERS LLC
	 	 
	 	By:	/s/ Matthew Derdyn
	 	 
	 	Name:	Matthew Derdyn
	 	 
	 	Title:	Chief Financial Officer

 

     

     

    

 

The parties are signing
this Amended and Restated Voting Agreement as of the date stated in the introductory clause.

 

	 	INVESTOR
	 	 
	 	JUST BLADE LLC
	 	 
	 	By:	/s/ Mark M. Herdstrom
	 	 
	 	Name:	Mark M. Herdstrom
	 	 
	 	Title:	Vice PresidentExhibit 10.8

 

FLY BLADE, INC.

 

2015 EQUITY INCENTIVE PLAN

 

		1.	Purposes of the Plan. The purposes of this Plan are:

 

		•	to attract and retain the best available personnel for
positions of substantial responsibility,

			

 

		•	to provide additional incentive to Employees, Directors
and Consultants, and

 

		•	to promote the success of the Company’s business.

			

 

The Plan permits the grant of Incentive Stock
Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock and Restricted Stock Units.

 

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

 

(a)            “Administrator”
means the Board or any of its Committees as will be administering the Plan, in accordance with Section 4.

 

(b)            “Applicable
Laws” means the requirements relating to the administration of equity-based awards under U.S. state corporate laws, U.S.
federal and state 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.

 

(c)            “Award”
means, individually or collectively, a grant under the Plan of Options, Stock Appreciation Rights, Restricted Stock, or Restricted
Stock Units.

 

(d)            “Award
Agreement” means the written or electronic agreement setting forth the terms and provisions applicable to each Award
granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan.

 

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

 

 (f)               “Change in Control” means the occurrence of any of the following events:

 

(i)            Change
in Ownership of the Company. A change in the ownership of the Company which occurs on the date that any one person, or
more than one person acting as a group (“Person”), acquires ownership of the stock of the Company that, together
with the stock held by such Person, constitutes more than 50% of the total voting power of the stock of the Company, except that
any change in the ownership of the stock of the Company as a result of a private financing of the Company that is approved by the
Board will not be considered a Change in Control; or

 

(ii)            Change
in Effective Control of the Company. If the Company has a class of securities registered pursuant to Section 12
of the Exchange Act, a change in the effective control of the Company which occurs on the date that a majority of members of
the Board is replaced during any 12 month period by Directors whose appointment or election is not endorsed by a majority of
the members of the Board prior to the date of the appointment or election. For purposes of this clause (ii), if any Person is
considered to be in effective control of the Company, the acquisition of additional control of the Company by the same Person
will not be considered a Change in Control; or

 

     

     

    

 

(iii)            Change
in Ownership of a Substantial Portion of the Company’s Assets. A change in the ownership of a substantial portion
of the Company’s assets which occurs on the date that any Person acquires (or has acquired during the 12 month period ending
on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market
value equal to or more than 50% of the total gross fair market value of all of the assets of the Company immediately prior to such
acquisition or acquisitions. For purposes of this subsection (iii), gross fair market value means the value of the assets of the
Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.

 

For purposes of this
Section 2(f), persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger,
consolidation, purchase or acquisition of stock, or similar business transaction with the Company.

 

Notwithstanding the
foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control event within
the meaning of Code Section 409A, as it has been and may be amended from time to time, and any proposed or final Treasury
Regulations and Internal Revenue Service guidance that has been promulgated or may be promulgated thereunder from time to time.

 

Further and for the
avoidance of doubt, a transaction will not constitute a Change in Control if: (i) its sole purpose is to change the jurisdiction
of the Company’s incorporation, or (ii) its sole purpose is to create a holding company that will be owned in substantially
the same proportions by the persons who held the Company’s securities immediately before such transaction.

 

(g)            “Code”
means the Internal Revenue Code of 1986, as amended. Any reference to a section of the Code herein will be a reference to any successor
or amended section of the Code.

 

(h)            “Committee”
means a committee of Directors or of other individuals satisfying Applicable Laws appointed by the Board, or by the compensation
committee of the Board, in accordance with Section 4 hereof.

 

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

 

 (j)                “Company” means Fly Blade, Inc., a Delaware corporation, or any successor thereto.

  

(k)              “Consultant”
means any person, including an advisor, engaged by the Company or a Parent or Subsidiary to render services to such entity.

 

 (l)                “Director” means a member of the Board.

 

(m)             “Disability”
means total and permanent disability as defined in Code Section 22(e)(3), provided that in the case of Awards other than Incentive
Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists in accordance
with uniform and non-discriminatory standards adopted by the Administrator from time to time.

 

    -2-

     

    

 

(n)            “Employee”
means any person, including officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither
service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment”
by the Company.

 

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

 

(p)            “Exchange
Program” means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards
of the same type (which may have higher or lower exercise prices and different terms), Awards of a different type, and/or cash,
(ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other person
or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced or increased.
The Administrator will determine the terms and conditions of any Exchange Program in its sole discretion.

 

(q)            “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
Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market of The Nasdaq Stock Market, its Fair Market Value will
be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system
on the day 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 selling prices are not reported, the Fair Market Value
of a Share will be the mean between the high bid and low asked prices for the Common Stock on the day of determination (or, if
no bids and asks were reported on that date, as applicable, on the last trading date such bids and asks were reported), as reported
in The Wall Street Journal or such other source as the Administrator deems reliable; or

 

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

 

(r)            “Incentive
Stock Option” means an Option that by its terms qualifies and is otherwise intended to qualify as an incentive stock
option within the meaning of Code Section 422 and the regulations promulgated thereunder.

 

(s)            “Nonstatutory
Stock Option” means an Option that by its terms does not qualify or is not intended to qualify as an Incentive Stock
Option.

 

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

 

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

 

 (v)            “Participant” means the holder of an outstanding Award.

 

(w)           “Period
of Restriction” means the period during which the transfer of Shares of Restricted Stock are subject to restrictions
and therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time,
the achievement of target levels of performance, or the occurrence of other events as determined by the Administrator.

 

    -3-

     

    

 

		(x)	“Plan” means this 2015 Equity Incentive Plan.

 

(y)          “Restricted
Stock” means Shares issued pursuant to an Award of Restricted Stock under Section 8, or issued pursuant to the early
exercise of an Option.

 

(z)          “Restricted
Stock Unit” means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant
to Section 9. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.

 

(aa)         “Securities Act”
means the Securities Act of 1933, as amended. (bb) “Service Provider” means an Employee, Director or Consultant.

 

(cc)       “Share”
means a share of the Common Stock, as adjusted in accordance with

 

Section 13.

 

(dd)     “Stock
Appreciation Right” means an Award, granted alone or in connection with an Option, that pursuant to Section 7 is
designated as a Stock Appreciation Right.

 

(ee)     “Subsidiary”
means a “subsidiary corporation,” whether now or hereafter exist- ing, as defined in Code Section 424(f).

 

		3.	Stock Subject to the Plan.

 

(a)            Stock
Subject to the Plan. Subject to the provisions of Section 13, the maximum aggregate number of Shares that may be subject
to Awards and sold under the Plan is 7,050,000 Shares. The Shares may be authorized but unissued, or reacquired Common Stock.

 

(b)            Lapsed
Awards. If an Award expires or becomes unexercisable without having been exercised in full, is surrendered pursuant to
an Exchange Program, or, with respect to Restricted Stock or Restricted Stock Units, is forfeited to or repurchased by the Company
due to the failure to vest, the unpurchased Shares (or for Awards other than Options or Stock Appreciation Rights the forfeited
or repurchased Shares) which were subject thereto will become available for future grant or sale under the Plan (unless the Plan
has terminated). With respect to Stock Appreciation Rights, only Shares actually issued pursuant to a Stock Appreciation Right
will cease to be available under the Plan; all remaining Shares under Stock Appreciation Rights will remain available for future
grant or sale under the Plan (unless the Plan has terminated). Shares that have actually been issued under the Plan under any Award
will not be returned to the Plan and will not become available for future distribution under the Plan; provided, however,
that if Shares issued pursuant to Awards of Restricted Stock or Restricted Stock Units are repurchased by the Company or are forfeited
to the Company due to the failure to vest, such Shares will become available for future grant under the Plan. Shares used to pay
the exercise price of an Award or to satisfy the tax withholding obligations related to an Award will become available for future
grant or sale under the Plan. To the extent an Award under the Plan is paid out in cash rather than Shares, such cash payment will
not result in reducing the number of Shares available for issuance under the Plan. Notwithstanding the foregoing and, subject to
adjustment as provided in Section 13, the maximum number of Shares that may be issued upon the exercise of Incentive Stock
Options will equal the aggregate Share number stated in Section 3(a), plus, to the extent allowable under Code Section 422
and the Treasury Regulations promulgated thereunder, any Shares that become available for issuance under the Plan pursuant to Section 3(b).

 

    -4-

     

    

 

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

 

		4.	Administration of the Plan.

 

		(a)	Procedure.

 

(i)            Multiple
Administrative Bodies. Different Committees with respect to different groups of Service Providers may administer the Plan.

 

(ii)            Other
Administration. Other than as provided above, the Plan will be administered by (A) the Board or (B) a Committee,
which Committee will be constituted to satisfy Applicable Laws.

 

(b)            Powers
of the Administrator. Subject to the provisions of the Plan, and in the case of a Committee, subject to the specific duties
delegated by the Board to such Committee, the Administrator will have the authority, in its discretion:

 

		(i)	to determine the Fair Market Value;

 

		(ii)	to select the Service Providers to whom Awards may be granted hereunder;

 

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

 

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

 

(v)            to
determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder. Such terms and
conditions include, but are not limited to, the exercise price, the time or times when Awards may be exercised (which may be based
on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding
any Award or the Shares relating thereto, based in each case on such factors as the Administrator will determine;

 

		(vi)	to institute and determine the terms and conditions of an Exchange Program;

 

		(vii)	to construe and interpret the terms of the Plan and Awards granted pursuant to the Plan;

 

(viii)        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 satisfying applicable foreign laws or for qualifying for favorable tax treatment under
applicable foreign laws;

 

(ix)           to
modify or amend each Award (subject to Section 18(c)), including but not limited to the discretionary authority to extend
the post-termination exercisability period of Awards and to extend the maximum term of an Option (subject to Section 6(d));

 

    -5-

     

    

 

		(x)	to allow Participants to satisfy withholding tax obligations in a manner prescribed in Section 14;

 

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

 

(xii)            to
allow a Participant to defer the receipt of the payment of cash or the delivery of Shares that otherwise would be due to such Participant
under an Award; and

 

		(xiii)	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 will be final
and binding on all Participants and any other holders of Awards.

 

5.             Eligibility.
Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, and Restricted Stock Units may be granted to Service
Providers. Incentive Stock Options may be granted only to Employees.

 

		6.	Stock Options.

 

(a)            Grant
of Options. Subject to the terms and provisions of the Plan, the Administrator, at any time and from time to time, may
grant Options in such amounts as the Administrator, in its sole discretion, will determine.

 

(b)            Option
Agreement. Each Award of an Option will be evidenced by an Award Agreement that will specify the exercise price, the term
of the Option, the number of Shares subject to the Option, the exercise restrictions, if any, applicable to the Option, and such
other terms and conditions as the Administrator, in its sole discretion, will determine.

 

(c)            Limitations.
Each Option will be designated in the Award Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option.
Notwithstanding such designation, however, to the extent that the aggregate Fair Market Value of the Shares with respect to which
Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the
Company and any Parent or Subsidiary) exceeds $100,000, such Options will be treated as Nonstatutory Stock Options. For purposes
of this Section 6(c), Incentive Stock Options will be taken into account in the order in which they were granted, the
Fair Market Value of the Shares will be determined as of the time the Option with respect to such Shares is granted, and calculation
will be performed in accordance with Code Section 422 and Treasury Regulations promulgated thereunder.

 

(d)            Term
of Option. The term of each Option will be stated in the Award Agreement; provided, however, that the term
will be no more than 10 years from the date of grant thereof. In the case of an Incentive Stock Option granted to a Participant
who, at the time the Incentive Stock Option is granted, owns stock representing more than 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 will be five years from
the date of grant or such shorter term as may be provided in the Award Agreement.

 

    -6-

     

    

 

		(e)	Option Exercise Price and Consideration.

 

(i)            Exercise
Price. The per Share exercise price for the Shares to be issued pursuant to the exercise of an Option will be determined
by the Administrator, but will be no less than 100% of the Fair Market Value per Share on the date of grant. In addition, in the
case of an Incentive Stock Option granted to an Employee who owns stock representing more than 10% of the voting power of all classes
of stock of the Company or any Parent or Subsidiary, the per Share exercise price will be no less than 110% of the Fair Market
Value per Share on the date of grant. Notwithstanding the foregoing provisions of this Section 6(e)(i), Options may be granted
with a per Share exercise price of less than 100% of the Fair Market Value per Share on the date of grant pursuant to a transaction
described in, and in a manner consistent with, Code Section 424(a).

 

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

 

(iii)            Form of
Consideration. The Administrator will 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 will determine the acceptable form of consideration
at the time of grant. Such consideration may consist entirely of: (1) cash, (2) check, (3) promissory note, to the
extent permitted by Applicable Laws, (4) other Shares, provided that such Shares have a Fair Market Value on the date of surrender
equal to the aggregate exercise price of the Shares as to which such Option will be exercised and provided further that accepting
such Shares will not result in any adverse accounting consequences to the Company, as the Administrator determines in its sole
discretion, (5) consideration received by the Company under cashless exercise program (whether through a broker or otherwise)
implemented by the Company in connection with the Plan, (6) by net exercise, (7) such other consideration and method
of payment for the issuance of Shares to the extent permitted by Applicable Laws, or (8) any combination of the foregoing
methods of payment. In making its determination as to the type of consideration to accept, the Administrator will consider if acceptance
of such consideration may be reasonably expected to benefit the Company.

 

		(f)	Exercise of Option.

 

(i)            Procedure
for Exercise; Rights as a Stockholder. Any Option granted hereunder will 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 Award Agreement. An Option
may not be exercised for a fraction of a Share.

 

An Option will be deemed exercised
when the Company receives:

(i) notice of exercise (in such form
as the Administrator may specify from time to time) from the person entitled to exercise the Option, and (ii) full payment
for the Shares with respect to which the Option is exercised (together with applicable tax withholding). Full payment may consist
of any consideration and method of payment authorized by the Administrator and permitted by the Award Agreement and the Plan. Shares
issued upon exercise of an Option will be issued in the name of the Participant or, if requested by the Participant, in the name
of the Participant and his or her spouse. 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
stockholder will exist with respect to the Shares subject to an Option, notwithstanding the exercise of the Option. The Company
will 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 13.

 

    -7-

     

    

 

Exercising an Option
in any manner will 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.

 

(ii)            Termination
of Relationship as a Service Provider. If a Participant ceases to be a Service Provider, other than upon the Participant’s
termination as the result of the Participant’s death or Disability, the Participant may exercise his or her Option within
such period of time as is specified in the Award Agreement (but in no event later than the expiration of the term of such Option
as set forth in the Award Agreement) to the extent that the Option is vested on the date of termination. In the absence of a specified
time in the Award Agreement, the Option shall remain exercisable for three months following the Participant’s termination.
Unless otherwise provided by the Administrator, if on the date of termination the Participant is not vested as to his or her entire
Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If after termination the Participant
does not exercise his or her Option within the time specified by the Administrator, the Option will terminate, and the Shares covered
by such Option will revert to the Plan.

 

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

 

(iv)            Death
of Participant. If a Participant dies while a Service Provider, the Option may be exercised within such period of time
as is specified in the Award Agreement (but in no event later than the expiration of the term of such Option as set forth in the
Award Agreement) to the extent that the Option is vested on the date of death, by the Participant’s designated beneficiary,
provided such beneficiary has been designated prior to the Participant’s death in a form acceptable to the Administrator.
If no such beneficiary has been designated by the Participant, then such Option may be exercised by the personal representative
of the Participant’s estate or by the person(s) to whom the Option is transferred pursuant to the Participant’s
will or in accordance with the laws of descent and distribution. In the absence of a specified time in the Award Agreement, the
Option shall remain exercisable for 12 months following the Participant’s termination. Unless otherwise provided by the Administrator,
if at the time of death Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of
the Option will immediately revert to the Plan. If the Option is not so exercised within the time specified herein, the Option
will terminate, and the Shares covered by such Option will revert to the Plan.

 

		7.	Stock Appreciation Rights.

 

(a)            Grant
of Stock Appreciation Rights. Subject to the terms and conditions of the Plan, a Stock Appreciation Right may be granted
to Service Providers at any time and from time to time as will be determined by the Administrator, in its sole discretion.

 

(b)            Number
of Shares. The Administrator will have complete discretion to determine the number of Shares subject to any Award of Stock
Appreciation Rights.

 

    -8-

     

    

 

(c)            Exercise
Price and Other Terms. The per Share exercise price for the Shares that will determine the amount of the payment to be
received upon exercise of a Stock Appreciation Right as set forth in Section 7(f) will be determined by the Administrator
and will be no less than 100% of the Fair Market Value per Share on the date of grant. Otherwise, the Administrator, subject to
the provisions of the Plan, will have complete discretion to determine the terms and conditions of Stock Appreciation Rights granted
under the Plan.

 

(d)            Stock
Appreciation Right Agreement. Each Stock Appreciation Right grant will be evidenced by an Award Agreement that will specify
the exercise price, the term of the Stock Appreciation Right, the conditions of exercise, and such other terms and conditions as
the Administrator, in its sole discretion, will determine.

 

(e)            Expiration
of Stock Appreciation Rights. A Stock Appreciation Right granted under the Plan will expire upon the date determined by
the Administrator, in its sole discretion, and set forth in the Award Agreement. Notwithstanding the foregoing, the rules of
Section 6(d) relating to the maximum term and Section 6(f) relating to exercise also will apply to Stock Appreciation
Rights.

 

(f)            Payment
of Stock Appreciation Right Amount. Upon exercise of a Stock Appreciation Right, a Participant will be entitled to receive
payment from the Company in an amount determined by multiplying:

 

(i)            the
difference between the Fair Market Value of a Share on the date of exercise over the exercise price; times

 

		(ii)	the number of Shares with respect to which the Stock Appreciation Right is exercised.

 

At the discretion of the Administrator,
the payment upon Stock Appreciation Right exercise may be in cash, in Shares of equivalent value, or in some combination thereof.

 

		8.	Restricted Stock.

 

(a)            Grant
of Restricted Stock. Subject to the terms and provisions of the Plan, the Administrator, at any time and from time to time,
may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine.

 

(b)            Restricted
Stock Agreement. Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify the Period of
Restriction, the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will
determine. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until
the restrictions on such Shares have lapsed.

 

(c)            Transferability.
Except as provided in this Section 8 or as the Administrator determines, Shares of Restricted Stock may not be sold,
transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction.

 

(d)            Other
Restrictions. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock
as it may deem advisable or appropriate.

 

(e)            Removal
of Restrictions. Except as otherwise provided in this Section 8, Shares of Restricted Stock covered by each Restricted
Stock grant made under the Plan will be released from escrow as soon as practicable after the
last day of the Period of Restriction or at such other time as the Administrator may determine. The Administrator, in its discretion,
may accelerate the time at which any restrictions will lapse or be removed.

 

    -9-

     

    

 

(f)           Voting Rights. During the Period of
Restriction, Service Providers holding Shares of Restricted Stock granted hereunder may exercise full voting rights with
respect to those Shares, unless the Administrator determines otherwise.

 

(g)          Dividends
and Other Distributions. During the Period of Restriction, Service Providers holding Shares of Restricted Stock will be
entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise.
If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability
and forfeitability as the Shares of Restricted Stock with respect to which they were paid.

 

(h)          Return
of Restricted Stock to the Company. On the date set forth in the Award Agreement, the Restricted Stock for which restrictions
have not lapsed will revert to the Company and again will become available for grant under the Plan.

 

		9.	Restricted Stock Units.

 

(a)           Grant.
Restricted Stock Units may be granted at any time and from time to time as determined by the Administrator. After the Administrator
determines that it will grant Restricted Stock Units, it will advise the Participant in an Award Agreement of the terms, conditions,
and restrictions related to the grant, including the number of Restricted Stock Units.

 

(b)            Vesting
Criteria and Other Terms. The Administrator will set vesting criteria in its discretion, which, depending on the extent
to which the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant. The
Administrator may set vesting criteria based upon the achievement of the Company-wide, business unit, or individual goals (including,
but not limited to, continued employment or service), or any other basis determined by the Administrator in its discretion.

 

(c)            Earning
Restricted Stock Units. Upon meeting the applicable vesting criteria, the Participant will be entitled to receive a payout
as determined by the Administrator. Notwithstanding the foregoing, at any time after the grant of Restricted Stock Units, the Administrator,
in its sole discretion, may reduce or waive any vesting criteria that must be met to receive a payout.

 

(d)            Form and
Timing of Payment. Payment of earned Restricted Stock Units will be made as soon as practicable after the date(s) determined
by the Administrator and set forth in the Award Agreement. The Administrator, in its sole discretion, may settle earned Restricted
Stock Units in cash, Shares, or a combination of both.

 

(e)            Cancellation.
On the date set forth in the Award Agreement, all unearned Restricted Stock Units will be forfeited to the Company.

 

10.            Compliance
With Code Section 409A. Awards will be designed and operated in such a manner that they are either exempt from the application
of, or comply with, the requirements of Code Section 409A, except as otherwise determined in the sole discretion of the Administrator.
The Plan and each Award Agreement under the Plan is intended to meet the requirements of Code Section 409A and will be construed
and interpreted in accordance with such intent, except as otherwise determined in the sole discretion of the Administrator. To
the extent that an Award or payment, or the settlement or deferral thereof, is subject to Code Section 409A
the Award will be granted, paid, settled or deferred in a manner that will meet the requirements of Code Section 409A, such
that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Code Section 409A.

 

    -10-

     

    

 

11.            Leaves
of Absence/Transfer Between Locations. Unless the Administrator provides otherwise, vesting of Awards granted hereunder will
be suspended during any unpaid leave of absence. A Participant will 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,
or any Subsidiary. For purposes of Incentive Stock Options, no such leave may exceed three months, unless reemployment upon expiration
of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company
is not so guaranteed, then six months following the first (1st) day of such leave, any Incentive Stock Option held by the Participant
will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option.

 

		12.	Limited Transferability of Awards.

 

(a)            Unless
determined otherwise by the Administrator, Awards may not be sold, pledged, assigned, hypothecated, or otherwise transferred in
any manner other than by will or by the laws of descent and distribution, and may be exercised, during the lifetime of the Participant,
only by the Participant.

 

(b)            Further,
until the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, or after
the Administrator determines that it is, will, or may no longer be relying upon the exemption from registration under the Exchange
Act as set forth in Rule 12h- 1(f) promulgated under the Exchange Act, an Option, or prior to exercise, the Shares subject
to the Option, may not be pledged, hypothecated or otherwise transferred or disposed of, in any manner, including by entering into
any short position, any “put equivalent position” or any “call equivalent position” (as defined in Rule 16a-1(h) and
Rule 16a-1(b) of the Exchange Act, respectively), other than to

 

(i)            persons
who are “family members” (as defined in Rule 701(c)(3) of the Securities Act) through gifts or domestic relations
orders, or (ii) to an executor or guardian of the Participant upon the death or disability of the Participant. Notwithstanding
the foregoing sentence, the Administrator, in its sole discretion, may determine to permit transfers to the Company or in connection
with a Change in Control or other acquisition transactions involving the Company to the extent permitted by Rule 12h-1(f).

 

		13.	Adjustments; Dissolution or Liquidation; Merger or Change in Control.

 

(a)            Adjustments.
In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or other property),
recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase,
or exchange of Shares or other securities of the Company, or other change in the corporate structure of the Company affecting the
Shares occurs, the Administrator, in order to prevent diminution or enlargement of the benefits or potential benefits intended
to be made available under the Plan, will adjust the number and class of Shares that may be delivered under the Plan and/or the
number, class, and price of Shares covered by each outstanding Award.

 

(b)            Dissolution
or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each
Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously
exercised, an Award will terminate immediately prior to the consummation of such proposed action.

  

    -11-

     

    

 

(c)            Merger
or Change in Control. In the event of a merger or Change in Control, each outstanding Award will be treated as the Administrator
determines (subject to the provisions of the following paragraph) without a Participant’s consent, including, without limitation,
that (i) Awards will be assumed, or substantially equivalent Awards will be substituted, by the acquiring or succeeding corporation
(or an affiliate thereof) with appropriate adjustments as to the number and kind of shares and prices; (ii) upon written notice
to a Participant, that the Participant’s Awards will terminate upon or immediately prior to the consummation of such merger
or Change in Control; (iii) outstanding Awards will vest and become exercisable, realizable, or payable, or restrictions applicable
to an Award will lapse, in whole or in part prior to or upon consummation of such merger or Change in Control, and, to the extent
the Administrator determines, terminate upon or immediately prior to the effectiveness of such merger or Change in Control; (iv) (A) the
termination of an Award in exchange for an amount of cash and/or property, if any, equal to the amount that would have been attained
upon the exercise of such Award or realization of the Participant’s rights as of the date of the occurrence of the transaction
(and, for the avoidance of doubt, if as of the date of the occurrence of the transaction the Administrator determines in good faith
that no amount would have been attained upon the exercise of such Award or realization of the Participant’s rights, then
such Award may be terminated by the Company without payment), or (B) the replacement of such Award with other rights or property
selected by the Administrator in its sole discretion; or (v) any combination of the foregoing. In taking any of the actions
permitted under this Section 13(c), the Administrator will not be obligated to treat all Awards, all Awards held by a Participant,
or all Awards of the same type, similarly.

 

In the event that the
successor corporation does not assume or substitute for the Award (or portion thereof), the Participant will fully vest in and
have the right to exercise all of his or her outstanding Options and Stock Appreciation Rights, including Shares as to which such
Awards would not otherwise be vested or exercisable, all restrictions on Restricted Stock and Restricted Stock Units will lapse,
and, with respect to Awards with performance-based vesting, all performance goals or other vesting criteria will be deemed achieved
at 100% of target levels and all other terms and conditions met. In addition, if an Option or Stock Appreciation Right is not assumed
or substituted in the event of a merger or Change in Control, the Administrator will notify the Participant in writing or electronically
that the Option or Stock Appreciation Right will be exercisable for a period of time determined by the Administrator in its sole
discretion, and the Option or Stock Appreciation Right will terminate upon the expiration of such period.

 

For the purposes of this
Section 13(c), an Award will be considered assumed if, following the merger or Change in Control, the Award confers the right
to purchase or receive, for each Share subject to the Award immediately prior to the merger or Change in Control, the consideration
(whether stock, cash, or other securities or property) received in the merger or Change in 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 of consideration
chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received
in the merger or Change in 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 an Option or Stock
Appreciation Right or upon the payout of a Restricted Stock Unit, for each Share subject to such Award, to be solely common stock
of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common
Stock in the merger or Change in Control.

 

Notwithstanding anything
in this Section 13(c) to the contrary, an Award that vests, is earned or paid-out upon the satisfaction of one or more
performance goals will not be considered assumed if the Company or its successor modifies any of such performance goals without
the Participant’s consent; provided, however, a modification to such performance goals only to reflect the
successor corporation’s post-Change in Control corporate structure will not be deemed
to invalidate an otherwise valid Award assumption.

 

    -12-

     

    

 

Notwithstanding anything
in this Section 13(c) to the contrary, if a payment under an Award Agreement is subject to Code Section 409A and
if the change in control definition contained in the Award Agreement does not comply with the definition of “change of control”
for purposes of a distribution under Code Section 409A, then any payment of an amount that is otherwise accelerated under
this Section will be delayed until the earliest time that such payment would be permissible under Code Section 409A without
triggering any penalties applicable under Code Section 409A.

 

		14.	Tax Withholding.

 

(a)            Withholding
Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or exercise thereof), the Company will
have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy
federal, state, local, foreign or other taxes (including the Participant’s FICA obligation) required to be withheld with
respect to such Award (or exercise thereof).

 

(b)            Withholding
Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to
time, may permit a Participant to satisfy such tax withholding obligation, in whole or in part by (without limitation): (i) paying
cash, (ii) electing to have the Company withhold otherwise deliverable Shares having a Fair Market Value equal to the minimum
statutory amount required to be withheld, (iii) delivering to the Company already-owned Shares having a Fair Market Value
equal to the statutory amount required to be withheld, provided the delivery of such Shares will not result in any adverse accounting
consequences, as the Administrator determines in its sole discretion, or (iv) selling a sufficient number of Shares otherwise
deliverable to the Participant through such means as the Administrator may determine in its sole discretion (whether through a
broker or otherwise) equal to the amount required to be withheld. The amount of the withholding requirement will be deemed to include
any amount which the Administrator agrees may be withheld at the time the election is made, not to exceed the amount determined
by using the maximum federal, state or local marginal income tax rates applicable to the Participant with respect to the Award
on the date that the amount of tax to be withheld is to be determined. The Fair Market Value of the Shares to be withheld or delivered
will be determined as of the date that the taxes are required to be withheld.

 

15.            No
Effect on Employment or Service. Neither the Plan nor any Award will confer upon a Participant any right with respect to continuing
the Participant’s relationship as a Service Provider with the Company, nor will they interfere in any way with the Participant’s
right or the Company’s right to terminate such relationship at any time, with or without cause, to the extent permitted by
Applicable Laws.

 

16.            Date
of Grant. The date of grant of an Award will be, for all purposes, the date on which the Administrator makes the determination
granting such Award, or such other later date as is determined by the Administrator. Notice of the determination will be provided
to each Participant within a reasonable time after the date of such grant.

 

17.            Term
of Plan. Subject to Section 21, the Plan will become effective upon its adoption by the Board. Unless sooner terminated
under Section 18, it will continue in effect for a term of 10 years from the later of (a) the effective date of the Plan,
or (b) the earlier of the most recent Board or stockholder approval of an increase in the number of Shares reserved for issuance
under the Plan.

 

    -13-

     

    

 

		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)            Stockholder
Approval. The Company will obtain stockholder approval of any Plan amendment to the extent necessary and desirable to comply
with Applicable Laws.

 

(c)            Effect
of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan will impair the rights of
any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing
and signed by the Participant and the Company. Termination of the Plan will 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 will not be issued pursuant to the exercise of an Award unless the exercise of such Award and the issuance
and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the Company
with respect to such compliance.

 

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

 

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, will relieve
the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority will not
have been obtained.

 

21.            Stockholder
Approval. The Plan will be subject to approval by the stockholders of the Company within 12 months after the date the Plan
is adopted by the Board. Such stockholder approval will be obtained in the manner and to the degree required under Applicable Laws.

 

22.            Information
to Participants. Beginning on the earlier of (i) the date that the aggregate number of Participants under this Plan is
500 or more and the Company is relying on the exemption provided by Rule 12h-1(f)(1) under the Exchange Act and (ii) the
date that the Company is required to deliver information to Participants pursuant to Rule 701 under the Securities Act, and
until such time as the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act,
is no longer relying on the exemption provided by Rule 12h-1(f)(1) under the Exchange Act or is no longer required to
deliver information to Participants pursuant to Rule 701 under the Securities Act, the Company shall provide to each Participant
the information described in paragraphs (e)(3), (4), and (5) of Rule 701 under the Securities Act not less frequently
than every six months with the financial statements being not more than 180 days old and with such information provided either
by physical or electronic delivery to the Participants or by written notice to the Participants of the availability of the information
on an Internet site that may be password-protected and of any password needed to access the information. The Company may request
that Participants agree to keep the information to be provided pursuant to this section confidential. If a Participant does not
agree to keep the information to be provided pursuant to this section confidential, then the Company
will not be required to provide the information unless otherwise required pursuant to Rule 12h-1(f)(1) under the Exchange
Act or Rule 701 of the Securities Act.

 

    -14-

     

    

 

APPENDIX A 

 

TO

 

FLY BLADE, INC. 2015 EQUITY INCENTIVE
PLAN

 

(for California residents only, to the
extent required by 25102(o))

 

This Appendix A
to the Fly Blade, Inc. 2015 Equity Incentive Plan shall apply only to the Participants who are residents of the State of California
and who are receiving an Award under the Plan. Capitalized terms contained herein shall have the same meanings given to them in
the Plan, unless otherwise provided by this Appendix A. Notwithstanding any provisions contained in the Plan to the contrary
and to the extent required by Applicable Laws, the following terms shall apply to all Awards granted to residents of the State
of California, until such time as the Administrator amends this Appendix A or the Administrator otherwise provides.

 

(a)            The
term of each Option shall be stated in the Award Agreement; provided, however, that the term shall be no more than
10 years from the date of grant thereof.

 

(b)            Unless
determined otherwise by the Administrator, Awards may not be sold, pledged, assigned, hypothecated, or otherwise transferred in
any manner other than by will or by the laws of descent and distribution, and may be exercised, during the lifetime of the Participant,
only by the Participant. If the Administrator makes an Award transferable, such Award may only be transferred (i) by will,
(ii) by the laws of descent and distribution, or (iii) as permitted by Rule 701 of the Securities Act.

 

(c)            If
a Participant ceases to be a Service Provider, such Participant may exercise his or her Option within such period of time as specified
in the Award Agreement, which shall not be less than 30 days following the date of the Participant’s termination, 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 the Option
as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, the Option shall remain exercisable
for three months following the Participant’s termination.

 

(d)            If
a Participant ceases to be a Service Provider as a result of the Participant’s Disability, the Participant may exercise his
or her Option within such period of time as specified in the Award Agreement, which shall not be less than six months following
the date of the Participant’s termination, 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 Award Agreement). In the absence of a specified time in
the Award Agreement, the Option shall remain exercisable for 12 months following the Participant’s termination.

 

(e)            If
a Participant dies while a Service Provider, the Option may be exercised within such period of time as specified in the Award Agreement,
which shall not be less than six months following the date of the Participant’s death, to the extent the Option is vested
on the date of death (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement)
by the Participant’s designated beneficiary, personal representative, or by the person(s) to whom the Option is transferred
pursuant to the Participant’s will or in accordance with the laws of descent and distribution. In the absence of a specified
time in the Award Agreement, the Option shall remain exercisable for 12 months following the Participant’s termination.

 

(f)            No
Award shall be granted to a resident of California more than 10 years after the earlier of the date of adoption of the Plan or
the date the Plan is approved by the stockholders.

 

    -1-

     

    

 

(g)            In
the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or other property), recapitalization,
stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange
of Shares or other securities of the Company, or other change in the corporate structure of the Company affecting the Shares occurs,
the Administrator, in order to prevent diminution or enlargement of the benefits or potential benefits intended to be made available
under the Plan, will adjust the number and class of Shares that may be delivered under the Plan and/or the number, class, and price
of Shares covered by each outstanding Award; provided, however, that the Administrator will make such adjustments
to an Award required by Section 25102(o) of the California Corporations Code to the extent the Company is relying upon
the exemption afforded thereby with respect to the Award.

 

(h)            This
Appendix A shall be deemed to be part of the Plan and the Administrator shall have the authority to amend this Appendix
A in accordance with Section 18 of the Plan.

 

    -2-

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