Document:

Exhibit 10.9

   

BLADE AIR MOBILITY, INC.

2021 Omnibus Incentive Plan

 

1.                 
Purpose. The purpose of this Blade Air Mobility, Inc.
2021 Omnibus Incentive Plan is to provide a means through which the Company and the other members of the Company Group may attract and
retain key personnel, and to provide a means whereby directors, officers, employees, consultants, and advisors of the Company and the
other members of the Company Group can acquire and maintain an equity interest in the Company, or be paid incentive compensation, including
incentive compensation measured by reference to the value of Common Stock, thereby strengthening their commitment to the welfare of the
Company Group and aligning their interests with those of the Company’s stockholders.

 

2.                 
Definitions. The following definitions shall be applicable
throughout the Plan.

 

(a)              
“Absolute Share Limit” has the meaning given to such term in Section
5(b) of the Plan.

 

(b)              
“Adjustment Event” has the meaning given to such term in Section
10(a) of the Plan.

 

(c)              
“Affiliate” means any Person that directly or indirectly controls,
is controlled by, or is under common control with the Company. The term “control” (including, with correlative meaning, the
terms “controlled by” and “under common control with”), as applied to any Person, means the possession, directly
or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership
of voting or other securities, appointing a majority of the board of directors, by contract, or otherwise.

 

(d)              
“Applicable Law” means each law, rule, regulation and requirement,
applicable to the Company including, but not limited to, each applicable U.S. federal, state or local law, any rule or regulation of the
applicable securities exchange or inter-dealer quotation system on which the securities of the Company may be listed or quoted and each
applicable law, rule or regulation of any other country or jurisdiction where Awards are granted under the Plan or Participants reside
or provide services, as each such laws, rules and regulations shall be in effect from time to time.

 

(e)              
“Award” means, individually or collectively, any Incentive Stock
Option, Nonqualified Stock Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit, Other Equity-Based Award, and Other
Cash-Based Award granted under the Plan. 

 

(f)               
“Award Agreement” means the document or documents by which each
Award (other than an Other Cash-Based Award) is evidenced, which may be in written or electronic form.

 

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

 

     

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(h)              
“Cause” means, as to any Participant, unless the applicable Award
Agreement states otherwise, (i) “Cause”, as defined in any employment, severance, consulting or other similar agreement between
the Participant and the Service Recipient in effect at the time of such Termination, or (ii) in the absence of any such employment, severance,
consulting or other similar agreement (or the absence of any definition of “Cause” contained therein), the Participant’s
(A) willful neglect in the performance of the Participant’s duties for the Service Recipient or willful or repeated failure or
refusal to perform such duties; (B) engagement in conduct in connection with the Participant’s employment or service with the Service
Recipient, which results in, or could reasonably be expected to result in, material harm to the business or reputation of the Service
Recipient or any other member of the Company Group; (C) conviction of, or plea of guilty or no contest to (I) any felony or (II) any
other crime that results in, or could reasonably be expected to result in, material harm to the business or reputation of the Service
Recipient or any other member of the Company Group; (D) material violation of the written policies of the Service Recipient, including,
but not limited to, those relating to sexual harassment or the disclosure or misuse of confidential information, or those set forth in
the manuals or statements of policy of the Service Recipient; (E) fraud or misappropriation, embezzlement, or misuse of funds or property
belonging to the Service Recipient or any other member of the Company Group; or (F) act of personal dishonesty that involves personal
profit in connection with the Participant’s employment or service to the Service Recipient; provided, in any case, that
a Participant’s resignation after an event that would be grounds for a Termination for Cause will be treated as a Termination for
Cause hereunder. 

 

(i)                
“Change in Control” means:

 

(i)                
the acquisition (whether by purchase, merger, consolidation, combination, or other similar
transaction) by any Person of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of more than
50% (on a fully diluted basis) of either (A) the then-outstanding shares of Common Stock, taking into account as outstanding for this
purpose such shares of Common Stock issuable upon the exercise of options or warrants, the conversion of convertible stock or debt and
the exercise of any similar right to acquire such shares of Common Stock; or (B) the combined voting power of the then-outstanding
voting securities of the Company entitled to vote generally in the election of directors; provided, however, that for purposes
of the Plan, the following acquisitions shall not constitute a Change in Control: (I) any acquisition by (x) the Company or any Affiliate
or (y) any Person or group of Persons, in each case, that includes Blade Urban Air Mobility, Inc. and/or investment funds affiliated with
KSL Capital Partners, LLC, unless otherwise determined by the Board; (II) any acquisition by any employee benefit plan sponsored or maintained
by the Company or any Affiliate; or (III) in respect of an Award held by a particular Participant, any acquisition by the Participant
or any group of Persons including the Participant (or any entity controlled by the Participant or any group of Persons including the Participant);

 

     

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(ii)              during
any period of 12 months, individuals who, at the beginning of such period, constitute the Board (the “Incumbent
Directors”) cease for any reason to constitute at least a majority of the Board; provided, that any Person
becoming a director subsequent to the Effective Date, whose election or nomination for election was approved by a vote of at least
two-thirds of the Incumbent Directors then on the Board (either by a specific vote or by approval of the proxy statement of
the Company in which such Person is named as a nominee for director, without written objection to such nomination) shall be an
Incumbent Director; provided, however, that no individual initially elected or nominated as a director of the Company
as a result of an actual or threatened election contest, as such terms are used in Rule 14a-12 of Regulation 14A promulgated under
the Exchange Act, with respect to directors or as a result of any other actual or threatened solicitation of proxies or consents by
or on behalf of any Person other than the Board shall be deemed to be an Incumbent Director; or

 

(iii)           
the sale, transfer, or other disposition of all or substantially all of the assets of the
Company Group (taken as a whole) to any Person that is not an Affiliate of the Company.

 

(j)                
“Code” means the Internal Revenue Code of 1986, as amended, and
any successor thereto. Reference in the Plan to any section of the Code shall be deemed to include any regulations or other interpretative
guidance under such section, and any amendments or successor provisions to such section, regulations, or guidance.

 

(k)              
“Committee” means the Compensation Committee of the Board or any
properly delegated subcommittee thereof or, if no such Compensation Committee or subcommittee thereof exists, the Board.

 

(l)                
“Common Stock” means the Class A common stock of the Company,
par value $0.0001 per share (and any stock or other securities into which such Common Stock may be converted or into which it may be exchanged).

 

(m)             
“Company” means Experience Investment Corp., a Delaware corporation,
and any successor thereto.

 

(n)              
“Company Group” means, collectively, the Company and its Subsidiaries
and Affiliates.

 

(o)              
“Date of Grant” means the date on which the granting of an Award
is authorized, or such other date as may be specified in such authorization.

 

(p)              
“Designated Foreign Subsidiaries” means all members of the Company
Group that are organized under the laws of any jurisdiction other than the United States of America that may be designated by the Board
or the Committee from time to time.

 

(q)              
“Detrimental Activity” means any of the following: (i) unauthorized
disclosure or use of any confidential or proprietary information of any member of the Company Group; (ii) any activity that would be grounds
to terminate the Participant’s employment or service with the Service Recipient for Cause; (iii) a breach by the Participant of
any restrictive covenant by which such Participant is bound, including, without limitation, any covenant not to compete or not to solicit,
in any agreement with any member of the Company Group; or (iv) fraud or conduct contributing to any financial restatements or irregularities,
in each case, as determined by the Committee in its sole discretion.

 

     

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(r)               
“Disability” means, as to any Participant, unless the applicable
Award Agreement states otherwise, (i) “Disability”, as defined in any employment, severance, consulting or other similar
agreement between the Participant and the Service Recipient in effect at the time of such Termination; or (ii) in the absence of any
such employment, severance, consulting or other similar agreement (or the absence of any definition of “Disability” contained
therein), a condition entitling the Participant to receive benefits under a long-term disability plan of the Service Recipient or other
member of the Company Group in which such Participant is eligible to participate, or, in the absence of such a plan, the complete and
permanent inability of the Participant by reason of illness or accident to perform the duties of the position at which the Participant
was employed or served when such disability commenced. Any determination of whether Disability exists in the absence of a long-term disability
plan shall be made by the Company (or its designee) in its sole and absolute discretion.

 

(s)              
“Effective Date” means May 7, 2021.

 

(t)               
“Eligible Person” means any: (i) individual employed by any member
of the Company Group; provided, however, that no such employee covered by a collective bargaining agreement shall be an Eligible
Person unless and to the extent that such eligibility is set forth in such collective bargaining agreement or in an agreement or instrument
relating thereto; (ii) director or officer of any member of the Company Group; or (iii) consultant or advisor to any member of the
Company Group who may be offered securities registrable pursuant to a registration statement on Form S-8 under the Securities Act, who,
in the case of each of clauses (i) through (iii) above, has entered into an Award Agreement or who has received written notification from
the Committee or its designee that they have been selected to participate in the Plan. 

 

(u)              
“Exchange Act” means the Securities Exchange Act of 1934, as amended,
and any successor thereto. Reference in the Plan to any section of (or rule promulgated under) the Exchange Act shall be deemed to include
any rules, regulations, or other interpretative guidance under such section or rule, and any amendments or successor provisions to such
section, rules, regulations, or guidance.

 

(v)              
“Exercise Price” has the meaning given to such term in Section
6(b) of the Plan.

 

(w)              “Fair
Market Value” means, on a given date: (i) if the Common Stock is listed on a national securities exchange, the closing
sales price of the Common Stock reported on the primary exchange on which the Common Stock is listed and traded on such date, or, if
there are no such sales on that date, then on the last preceding date on which such sales were reported; (ii) if the Common Stock is
not listed on any national securities exchange but is quoted in an inter-dealer quotation system on a last-sale basis, the average
between the closing bid price and ask price reported on such date, or, if there is no such sale on that date, then on the last
preceding date on which a sale was reported; or (iii) if the Common Stock is not listed on a national securities exchange or quoted
in an inter-dealer quotation system on a last-sale basis, the amount determined by the Committee in good faith to be the fair market
value of the Common Stock; provided, however, as to any Awards granted on or with a Date of Grant of the Effective
Date, “Fair Market Value” shall be equal to the closing sales price on the Nasdaq Capital Market of a share of
Common Stock on the last preceding date on which sales were reported prior to the Effective Date.

 

     

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(x)               
“GAAP” means generally accepted accounting principles. 

 

(y)              
“Immediate Family Members” has the meaning given to such term
in Section 12(b) of the Plan.

 

(z)               “Incentive
Stock Option” means an Option that is designated by the Committee as an incentive stock option as described in Section
422 of the Code and otherwise meets the requirements set forth in the Plan.

 

(aa)            
“Indemnifiable Person” has the meaning given to such term in Section
4(e) of the Plan.

 

(bb)            
“Non-Employee Director” means a member of the Board who is not
an employee of any member of the Company Group.

 

(cc)       
      “Nonqualified Stock Option” means
an Option that is not designated by the Committee as an Incentive Stock Option.

 

(dd)             “Option” means an Award granted under Section 6
of the Plan.

 

(ee)            
“Option Period” has the meaning given to such term in Section
6(c) of the Plan.

 

(ff)             
“Other Cash-Based Award” means an Award that is granted under
Section 9 of the Plan that is denominated and/or payable in cash.

 

(gg)           
“Other Equity-Based Award” means an Award that is not an Option,
Stock Appreciation Right, Restricted Stock, or Restricted Stock Unit that is granted under Section 9 of the Plan and is (i) payable by
delivery of Common Stock and/or (ii) measured by reference to the value of Common Stock. 

 

(hh)            
“Participant” means an Eligible Person who has been selected by
the Committee to participate in the Plan and to receive an Award pursuant to the Plan.

 

     

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(ii)               “Performance
Conditions” means specific levels of performance of the Company (and/or one or more members of the Company Group,
divisions or operational and/or business units, product lines, brands, business segments, administrative departments, or any
combination of the foregoing), which may be determined in accordance with GAAP or on a non-GAAP basis on, without limitation, the
following measures: (i) net earnings, net income (before or after taxes), adjusted net income after capital charges or consolidated
net income; (ii) basic or diluted earnings per share (before or after taxes); (iii) net revenue or net revenue growth; (iv) gross
revenue or gross revenue growth, gross profit or gross profit growth; (v) operating income or net operating profit (before or after
taxes); (vi) return measures (including, but not limited to, return on investment, assets, capital, employed capital, invested
capital, equity, or sales); (vii) cash flow measures (including, but not limited to, operating cash flow, free cash flow, or cash
flow return on capital), which may be, but are not required to be, measured on a per share basis; (viii) actual or adjusted
earnings before or after interest, taxes, depreciation, and/or amortization (including EBIT and EBITDA) or earnings before interest,
taxes, depreciation, amortization and restructuring costs (EBITDAR); (ix) gross or net operating margins; (x) productivity ratios;
(xi) stock price (including, but not limited to, growth measures and total stockholder return); (xii) expense targets or cost
reduction goals, general and administrative expense savings; (xiii) operating efficiency; (xiv) objective measures of
customer/client satisfaction; (xv) working capital targets; (xvi) measures of economic value added or other ‘value
creation’ metrics; (xvii) enterprise value; (xviii) sales; (xix) stockholder return; (xx) customer/client retention; (xxi)
competitive market metrics; (xxii) employee satisfaction, employment practices and employee benefits or employee retention; (xxiii)
supervision of litigation and information technology; (xxiv) objective measures of personal targets, goals, or completion of
projects (including, but not limited to, succession and hiring projects, completion of specific acquisitions, dispositions,
reorganizations, divestitures of subsidiaries and/or other affiliates or joint ventures, other monetization or liquidity events
relating to subsidiaries, or other corporate transactions or capital-raising transactions, expansions of specific business
operations, and meeting divisional or project budgets); (xxv) comparisons of continuing operations to other operations; (xxvi)
market share; (xxvii) cost of capital, debt leverage, year-end cash position, book value, book value per share, tangible book value,
tangible book value per share, cash book value or cash book value per share; (xxviii) strategic objectives; or (xxix) any
combination of the foregoing. Any one or more of the aforementioned performance criteria may be stated as a percentage of another
performance criteria, or used on an absolute or relative basis to measure the performance of one or more members of the Company
Group as a whole or any divisions or operational and/or business units, product lines, brands, business segments, or administrative
departments of the Company and/or one or more members of the Company Group or any combination thereof, as the Committee may deem
appropriate, or any of the above performance criteria may be compared to the performance of a selected group of comparison
companies, or a published or special index that the Committee, in its sole discretion, deems appropriate, or as compared to various
stock market indices.

 

(jj)              
“Permitted Transferee” has the meaning given to such term in Section
12(b) of the Plan.

 

(kk)            
“Person” means any individual, entity, or group (within the meaning
of Section 13(d)(3) or 14(d)(2) of the Exchange Act).

 

(ll)               
“Plan” means this Experience Investment Corp. 2021 Omnibus Incentive
Plan, as it may be amended and/or restated from time to time.

 

(mm)          
“Prior Plan” means the Fly Blade, Inc. 2015 Equity Incentive Plan,
as amended. 

 

(nn)            
“Qualifying Director” means a Person who is, with respect to actions
intended to obtain an exemption from Section 16(b) of the Exchange Act pursuant to Rule 16b-3 under the Exchange Act, a “non-employee
director” within the meaning of Rule 16b-3 under the Exchange Act.

 

(oo)            
“Restricted Period” means the period of time determined by the
Committee during which an Award is subject to restrictions, including vesting conditions.

 

     

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(pp)            
“Restricted Stock” means Common Stock, subject to certain specified
restrictions (which may include, without limitation, a requirement that the Participant remain continuously employed or provide continuous
services for a specified period of time), granted under Section 8 of the Plan.

 

(qq)            
“Restricted Stock Unit” means an unfunded and unsecured promise
to deliver shares of Common Stock, cash, other securities, or other property, subject to certain restrictions (which may include, without
limitation, a requirement that the Participant remain continuously employed or provide continuous services for a specified period of time),
granted under Section 8 of the Plan.

 

(rr)              
“SAR Period” has the meaning given to such term in Section 7(c)
of the Plan.

 

(ss)             
“Securities Act” means the Securities Act of 1933, as amended,
and any successor thereto. Reference in the Plan to any section of (or rule promulgated under) the Securities Act shall be deemed to include
any rules, regulations, or other interpretative guidance under such section or rule, and any amendments or successor provisions to such
section, rules, regulations, or guidance.

 

(tt)              
“Service Recipient” means, with respect to a Participant holding
a given Award, the member of the Company Group by which the original recipient of such Award is, or following a Termination was most recently,
principally employed or to which such original recipient provides, or following a Termination was most recently providing, services, as
applicable.

 

(uu)            
“Stock Appreciation Right” or “SAR”
means an Award granted under Section 7 of the Plan.

 

(vv)            
“Strike Price” has the meaning given to such term in Section 7(b)
of the Plan.

 

(ww)           
“Sub-Plans” means any sub-plan to the Plan that has been adopted
by the Board or the Committee for the purpose of permitting or facilitating the offering of Awards to employees of certain Designated
Foreign Subsidiaries or otherwise outside the jurisdiction of the United States of America, with each such Sub-Plan designed to comply
with Applicable Law in such foreign jurisdictions. Although any Sub-Plan may be designated a separate and independent plan from the Plan
in order to comply with Applicable Law, the Absolute Share Limit and the other limits specified in Section 5(b) of the Plan shall apply
in the aggregate to the Plan and any Sub-Plan adopted hereunder.

 

(xx)             
“Subsidiary” means, with respect to any specified Person:

 

(i)                 any
corporation, association, or other business entity of which more than 50% of the total voting power of shares of such entity’s
voting securities (without regard to the occurrence of any contingency and after giving effect to any voting agreement or
stockholders’ agreement that effectively transfers voting power) is at the time owned or controlled, directly or indirectly,
by that Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and

 

     

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(ii)             
any partnership (or any comparable foreign entity) (A) the sole general partner (or functional
equivalent thereof) or the managing general partner of which is such Person or Subsidiary of such Person or (B) the only general partners
(or functional equivalents thereof) of which are that Person or one or more Subsidiaries of that Person (or any combination thereof).

 

(yy)           
“Substitute Awards” has the meaning given to such term in Section
5(e) of the Plan.

 

(zz)             
“Termination” means the termination of a Participant’s employment
or service, as applicable, with the Service Recipient for any reason (including death or Disability). 

 

3.                 
Effective Date; Duration. The Plan shall be effective
as of the Effective Date. The expiration date of the Plan, on and after which date no Awards may be granted hereunder, shall be the tenth
anniversary of the Effective Date; provided, however, that such expiration shall not affect Awards then outstanding, and the terms
and conditions of the Plan shall continue to apply to such Awards.

 

4.                 
Administration. 

 

(a)              
General. The Committee shall administer the Plan. To the extent required to comply
with the provisions of Rule 16b-3 promulgated under the Exchange Act (if the Board is not acting as the Committee under the Plan), it
is intended that each member of the Committee shall, at the time such member takes any action with respect to an Award under the Plan
that is intended to qualify for the exemptions provided by Rule 16b-3 promulgated under the Exchange Act, be a Qualifying Director. However,
the fact that a Committee member shall fail to qualify as a Qualifying Director shall not invalidate any Award granted by the Committee
that is otherwise validly granted under the Plan.

 

(b)               Committee
Authority. Subject to the provisions of the Plan and Applicable Law, the Committee shall have the sole and plenary authority, in
addition to other express powers and authorizations conferred on the Committee by the Plan, to: (i) designate Participants;
(ii) determine the type or types of Awards to be granted to a Participant; (iii) determine the number of shares of Common Stock
to be covered by, or with respect to which payments, rights, or other matters are to be calculated in connection with, Awards; (iv)
determine the terms and conditions of any Award (including, but not limited to, the time or times when Awards vest or may be
exercised, including any Performance Conditions, any vesting acceleration or waiver of forfeiture restrictions, and any restriction
or limitation regarding any Award or the shares of Common Stock relating thereto, based in each case on such factors as the
Committee will determine); (v) determine whether, to what extent, and under what circumstances Awards may be settled in, or
exercised for, cash, Common Stock, other securities, other Awards, or other property, or canceled, forfeited, or suspended and the
method or methods by which Awards may be settled, exercised, canceled, forfeited, or suspended; (vi) determine whether, to what
extent, and under what circumstances the delivery of cash, Common Stock, other securities, other Awards, or other property and other
amounts payable with respect to an Award shall be deferred either automatically or at the election of the Participant or of
the Committee; (vii) interpret, administer, reconcile any inconsistency in, correct any defect in, and/or supply any omission in the
Plan and any instrument or agreement relating to, or Award granted under, the Plan; (viii) establish, amend, suspend, or waive any
rules and regulations and appoint such agents as the Committee shall deem appropriate for the proper administration of the Plan;
(ix) adopt Sub-Plans; and (x) make any other determination and take any other action that the Committee deems necessary or desirable
for the administration of the Plan.

 

     

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(c)              
Delegation. Except to the extent prohibited by Applicable Law, the Committee may
allocate all or any portion of its responsibilities and powers to any one or more of its members and may delegate all or any part of its
responsibilities and powers to any Person or Persons selected by it. Any such allocation or delegation may be revoked by the Committee
at any time. Without limiting the generality of the foregoing, the Committee may delegate to one or more officers of any member of the
Company Group the authority to act on behalf of the Committee with respect to any matter, right, obligation, or election which is the
responsibility of, or which is allocated to, the Committee herein, and which may be so delegated in accordance with Applicable Law, except
for grants of Awards to Non-Employee Directors. Notwithstanding the foregoing in this Section 4(c), it is intended that any action under
the Plan intended to qualify for an exemption provided by Rule 16b-3 promulgated under the Exchange Act related to Persons who are
subject to Section 16 of the Exchange Act will be taken only by the Board or by a committee or subcommittee of two or more Qualifying
Directors. However, the fact that any member of such committee or subcommittee shall fail to qualify as a Qualifying Director shall not
invalidate any action that is otherwise valid under the Plan.

 

(d)              
Finality of Decisions. Unless otherwise expressly provided in the Plan, all designations,
determinations, interpretations, and other decisions under or with respect to the Plan, any Award or any Award Agreement shall be within
the sole discretion of the Committee, may be made at any time, and shall be final, conclusive, and binding upon all Persons, including,
without limitation, any member of the Company Group, any Participant, any holder or beneficiary of any Award, and any stockholder of the
Company.

 

     

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(e)               Indemnification.
No member of the Board, the Committee, or any employee or agent of any member of the Company Group (each such Person, an
 “Indemnifiable Person”) shall be liable for any action taken or omitted to be taken or any determination
made with respect to the Plan or any Award hereunder (unless constituting fraud, dishonesty, or a willful criminal act or omission).
Each Indemnifiable Person shall be indemnified and held harmless by the Company to the maximum extent permitted by Applicable Law
against and from any loss, cost, liability, or expense (including attorneys’ fees) that may be imposed upon or incurred by
such Indemnifiable Person in connection with or resulting from any action, suit, or proceeding to which such Indemnifiable Person
may be a party or in which such Indemnifiable Person may be involved by reason of any action taken or omitted to be taken or
determination made with respect to the Plan or any Award hereunder and against and from any and all amounts paid by such
Indemnifiable Person with the Company’s approval, in settlement thereof, or paid by such Indemnifiable Person in satisfaction
of any judgment in any such action, suit, or proceeding against such Indemnifiable Person, and the Company shall advance to such
Indemnifiable Person any such expenses promptly upon written request (which request shall include an undertaking by the
Indemnifiable Person to repay the amount of such advance if it shall ultimately be determined, as provided below, that the
Indemnifiable Person is not entitled to be indemnified); provided, that the Company shall have the right, at its own expense,
to assume and defend any such action, suit, or proceeding and once the Company gives notice of its intent to assume the defense, the
Company shall have sole control over such defense with counsel of the Company’s choice. The foregoing right of indemnification
shall not be available to an Indemnifiable Person to the extent that a final judgment or other final adjudication (in either case
not subject to further appeal) binding upon such Indemnifiable Person determines that the acts, omissions, or determinations of such
Indemnifiable Person giving rise to the indemnification claim resulted from such Indemnifiable Person’s fraud, dishonesty, or
willful criminal act or omission or that such right of indemnification is otherwise prohibited by Applicable Law or by the
organizational documents of any member of the Company Group. The foregoing right of indemnification shall not be exclusive of or
otherwise supersede any other rights of indemnification to which such Indemnifiable Persons may be entitled under (i) the
organizational documents of any member of the Company Group, (ii) pursuant to Applicable Law, (iii) an individual indemnification
agreement or contract, or otherwise, or (iv) any other power that the Company may have to indemnify such Indemnifiable Persons or
hold such Indemnifiable Persons harmless.

 

(f)               
Board Authority. Notwithstanding anything to the contrary contained in the Plan,
the Board may, in its sole discretion, at any time and from time to time, grant Awards and administer the Plan with respect to such Awards.
Any such actions by the Board shall be subject to Applicable Law. In any such case, the Board shall have all the authority granted to
the Committee under the Plan.

 

5.                 
Grant of Awards; Shares Subject to the Plan; Limitations.

 

(a)              
Grants. The Committee may, from time to time, grant Awards to one or more Eligible
Persons. All Awards granted under the Plan shall vest and become exercisable in such manner and on such date or dates or upon such event
or events as determined by the Committee, including, without limitation, attainment of Performance Conditions.

 

(b)               Share
Reserve and Limits. Awards granted under the Plan shall be subject to the following limitations: (i) subject to Section 10 of
the Plan, no more than 9,306,968 shares of Common Stock (the “Absolute Share Limit”) shall be available
for Awards under the Plan; provided, however, that the Absolute Share Limit shall be automatically increased (A) on
the first day of each fiscal year following the fiscal year in which the Effective Date falls in an amount equal to the least of (x)
4,653,484 shares of Common Stock, (y) 5% of the total number of shares of Common Stock outstanding on the last day of the
immediately preceding fiscal year, and (z) a lower number of shares of Common Stock as determined by the Board; and (B) for any
shares of Common Stock underlying awards outstanding under the Prior Plan that, on or after the Effective Date, expire or are
canceled, forfeited, terminated, settled in cash or otherwise settled without issuance to the holder thereof the full number of
shares of Common Stock to which the award related and thereupon become available for grant under the Plan pursuant to Section 5(c)
of the Plan; (ii) subject to Section 10 of the Plan, no more than the number of shares of Common Stock equal to the Absolute
Share Limit may be issued in the aggregate pursuant to the exercise of Incentive Stock Options granted under the Plan; and (iii)
during a single fiscal year, each Non-Employee Director, shall be granted a number of shares Common Stock subject to Awards, taken
together with any cash fees paid to such Non-Employee Director during such fiscal year, equal to (A) a total value of $1,000,000
(calculating the value of any such Awards based on the grant date fair value of such Awards for financial reporting purposes) or (B)
such lower amount as determined by the Board prior to the Date of Grant, either as part of the Company’s non-employee director
compensation program or as otherwise determined by the Board in the event of any change to such non-employee director’s
compensation program or for any particular period of service. To the extent the Board makes a determination pursuant to clause
(iii)(B) above with respect to any year of service, such determination shall in no event be applicable to any subsequent year of
service without a further determination by the Board in respect of any subsequent year of service.

 

     

    11

    

  

(c)              
Share Counting. Other than with respect to Substitute Awards, to the extent that
an Award (or, if granted under the Prior Plan, award) expires or is canceled, forfeited, terminated, settled in cash, or otherwise is
settled without issuance to the Participant of the full number of shares of Common Stock to which the Award (or, if granted under the
Prior Plan, award) related, the unissued shares of Common Stock will again be available for grant under the Plan. Shares of Common Stock
withheld in payment of the Exercise Price, or taxes relating to an Award (or, if granted under the Prior Plan, award), and shares equal
to the number of shares surrendered in payment of any Exercise Price, or taxes relating to an Award, shall be deemed to constitute shares
not issued to the Participant and shall be deemed to again be available for Awards under the Plan; provided, however, that such
shares shall not become available for issuance hereunder if either: (i) the applicable shares are withheld or surrendered following the
termination of the Plan; or (ii) at the time the applicable shares are withheld or surrendered, it would constitute a material revision
of the Plan subject to stockholder approval under any then-applicable rules of the national securities exchange on which the Common Stock
is listed. 

 

(d)              
Source of Shares. Shares of Common Stock issued by the Company in settlement of Awards
may be authorized and unissued shares, shares of Common Stock held in the treasury of the Company, shares of Common Stock purchased on
the open market or by private purchase, or a combination of the foregoing. 

 

(e)              
Substitute Awards. Awards may, in the sole discretion of the Committee, be granted
under the Plan in assumption of, or in substitution for, outstanding Awards previously granted by an entity directly or indirectly acquired
by the Company or with which the Company combines (“Substitute Awards”). Substitute Awards shall not be counted
against the Absolute Share Limit; provided, that Substitute Awards issued in connection with the assumption of, or in substitution
for, outstanding Options intended to qualify as “incentive stock options” within the meaning of Section 422 of the Code shall
be counted against the aggregate number of shares of Common Stock available for Awards of Incentive Stock Options under the Plan. Subject
to applicable stock exchange requirements, available shares under a stockholder-approved plan of an entity directly or indirectly acquired
by the Company or with which the Company combines (as appropriately adjusted to reflect the acquisition or combination transaction) may
be used for Awards under the Plan and shall not reduce the number of shares of Common Stock available for issuance under the Plan.

 

     

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6.                 
Options.

 

(a)              
General. Each Option granted under the Plan shall be evidenced by an Award Agreement,
which agreement need not be the same for each Participant. Each Option so granted shall be subject to the conditions set forth in this
Section 6, and to such other conditions not inconsistent with the Plan as may be reflected in the applicable Award Agreement. All Options
granted under the Plan shall be Nonqualified Stock Options unless the applicable Award Agreement expressly states that the Option is
intended to be an Incentive Stock Option. Incentive Stock Options shall be granted only to Eligible Persons who are employees of a member
of the Company Group, and no Incentive Stock Option shall be granted to any Eligible Person who is ineligible to receive an Incentive
Stock Option under the Code. No Option shall be treated as an Incentive Stock Option unless the Plan has been approved by the stockholders
of the Company in a manner intended to comply with the stockholder approval requirements of Section 422(b)(1) of the Code; provided,
that any Option intended to be an Incentive Stock Option shall not fail to be effective solely on account of a failure to obtain such
approval, but rather such Option shall be treated as a Nonqualified Stock Option unless and until such approval is obtained. In the case
of an Incentive Stock Option, the terms and conditions of such grant shall be subject to, and comply with, such rules as may be prescribed
by Section 422 of the Code. If for any reason an Option intended to be an Incentive Stock Option (or any portion thereof) shall not qualify
as an Incentive Stock Option, then, to the extent of such nonqualification, such Option or portion thereof shall be regarded as a Nonqualified
Stock Option appropriately granted under the Plan.

 

(b)              
Exercise Price. Except as otherwise provided by the Committee in the case of Substitute
Awards, the exercise price (“Exercise Price”) per share of Common Stock for each Option shall not be less than
100% of the Fair Market Value of such share (determined as of the Date of Grant); provided, however, that in the case of an Incentive
Stock Option granted to an employee who, at the time of the grant of such Option, owns stock representing more than 10% of the voting
power of all classes of stock of any member of the Company Group, the Exercise Price per share shall be no less than 110% of the Fair
Market Value per share on the Date of Grant.

 

(c)              
Vesting and Expiration; Termination.

 

(i)                
Options shall vest and become exercisable in such manner and on such date or dates or upon
such event or events as determined by the Committee including, without limitation, those set forth in Section 5(a) of the Plan; provided,
however, that notwithstanding any such vesting dates or events, the Committee may in its sole discretion accelerate the vesting
of any Options at any time and for any reason. Options shall expire upon a date determined by the Committee, not to exceed ten years from
the Date of Grant (the “Option Period”); provided, that if the Option Period (other than in the case
of an Incentive Stock Option) would expire at a time when trading in the Common Stock is prohibited by the Company’s insider trading
policy (or Company-imposed “blackout period”), then the Option Period shall be automatically extended until the 30th
day following the expiration of such prohibition. Notwithstanding the foregoing, in no event shall the Option Period exceed five years
from the Date of Grant in the case of an Incentive Stock Option granted to a Participant who on the Date of Grant owns stock representing
more than 10% of the voting power of all classes of stock of any member of the Company Group. 

 

     

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(ii)             
 Unless otherwise determined by the Committee, whether in an Award Agreement or otherwise,
in the event of: (A) a Participant’s Termination by the Service Recipient for Cause, all outstanding Options granted to such Participant
shall immediately terminate and expire; (B) a Participant’s Termination due to death or Disability, each outstanding unvested Option
granted to such Participant shall immediately terminate and expire, and each outstanding vested Option shall remain exercisable for one
year thereafter (but in no event beyond the expiration of the Option Period); and (C) a Participant’s Termination for any other
reason, each outstanding unvested Option granted to such Participant shall immediately terminate and expire, and each outstanding vested
Option shall remain exercisable for 90 days thereafter (but in no event beyond the expiration of the Option Period).

 

(d)              
Method of Exercise and Form of Payment. No shares of Common Stock shall be issued
pursuant to any exercise of an Option until payment in full of the Exercise Price therefor is received by the Company and the Participant
has paid to the Company an amount equal to any federal, state, local, and non-U.S. income, employment, and any other applicable taxes
that are statutorily required to be withheld in accordance with Section 12(d) of the Plan. Options that have become exercisable may be
exercised by delivery of written or electronic notice of exercise to the Company (or telephonic instructions to the extent provided by
the Committee) in accordance with the terms of the Option accompanied by payment of the Exercise Price. The Exercise Price shall be payable:
(i) in cash, check, cash equivalent, and/or shares of Common Stock valued at the Fair Market Value at the time the Option is exercised
(including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of
Common Stock in lieu of actual issuance of such shares to the Company); provided, that such shares of Common Stock are not subject
to any pledge or other security interest and have been held by the Participant for at least six months (or such other period as established
from time to time by the Committee in order to avoid adverse accounting treatment applying GAAP); or (ii) by such other method as the
Committee may permit in its sole discretion, including, without limitation (A) in other property having a fair market value on the date
of exercise equal to the Exercise Price; (B) if there is a public market for the Common Stock at such time, by means of a broker-assisted
 “cashless exercise” pursuant to which the Company is delivered (including telephonically to the extent permitted by the Committee)
a copy of irrevocable instructions to a stockbroker to sell the shares of Common Stock otherwise issuable upon the exercise of the Option
and to deliver promptly to the Company an amount equal to the Exercise Price; or (C) a “net exercise” procedure effected by
withholding the minimum number of shares of Common Stock otherwise issuable in respect of an Option that are needed to pay the Exercise
Price and any federal, state, local, and non-U.S. income, employment, and any other applicable taxes that are statutorily required to
be withheld in accordance with Section 12(d) of the Plan. Any fractional share of Common Stock shall be settled in cash.

 

     

    14

    

  

(e)               Notification
upon Disqualifying Disposition of an Incentive Stock Option. Each Participant awarded an Incentive Stock Option under the Plan
shall notify the Company in writing immediately after the date the Participant makes a disqualifying disposition of any shares of
Common Stock acquired pursuant to the exercise of such Incentive Stock Option. A disqualifying disposition is any disposition
(including, without limitation, any sale) of such share of Common Stock before the later of (i) the date that is two years after the
Date of Grant of the Incentive Stock Option, or (ii) the date that is one year after the date of exercise of the Incentive
Stock Option. The Company may, if determined by the Committee and in accordance with procedures established by the Committee, retain
possession, as agent for the applicable Participant, of any share of Common Stock acquired pursuant to the exercise of an Incentive
Stock Option until the end of the period described in the preceding sentence, subject to complying with any instructions from such
Participant as to the sale of such share of Common Stock.

 

(f)               
Compliance With Applicable Laws, etc. Notwithstanding the foregoing, in no event
shall a Participant be permitted to exercise an Option in a manner which the Committee determines would violate the Sarbanes-Oxley Act
of 2002, as it may be amended from time to time, or any other Applicable Law.

 

7.                 
Stock Appreciation Rights.

 

(a)              
General. Each SAR granted under the Plan shall be evidenced by an Award Agreement.
Each SAR so granted shall be subject to the conditions set forth in this Section 7, and to such other conditions not inconsistent with
the Plan as may be reflected in the applicable Award Agreement. Any Option granted under the Plan may include tandem SARs. The Committee
also may award SARs to Eligible Persons independent of any Option.

 

(b)              
Strike Price. Except as otherwise provided by the Committee in the case of Substitute
Awards, the strike price (“Strike Price”) per share of Common Stock for each SAR shall not be less than 100%
of the Fair Market Value of such share (determined as of the Date of Grant). Notwithstanding the foregoing, a SAR granted in tandem with
(or in substitution for) an Option previously granted shall have a Strike Price equal to the Exercise Price of the corresponding Option.

 

(c)              
Vesting and Expiration; Termination.

 

(i)                
A SAR granted in connection with an Option shall become exercisable and shall expire according
to the same vesting schedule and expiration provisions as the corresponding Option. A SAR granted independent of an Option shall vest
and become exercisable in such manner and on such date or dates or upon such event or events as determined by the Committee including,
without limitation, those set forth in Section 5(a) of the Plan; provided, however, that notwithstanding any such vesting
dates or events, the Committee may, in its sole discretion, accelerate the vesting of any SAR at any time and for any reason. SARs shall
expire upon a date determined by the Committee, not to exceed ten years from the Date of Grant (the “SAR Period”);
provided, that if the SAR Period would expire at a time when trading in the Common Stock is prohibited by the Company’s insider
trading policy (or Company-imposed “blackout period”), then the SAR Period shall be automatically extended until the 30th
day following the expiration of such prohibition.

 

     

    15

    

  

(ii)              Unless
otherwise determined by the Committee, whether in an Award Agreement or otherwise, in the event of: (A) a Participant’s
Termination by the Service Recipient for Cause, all outstanding SARs granted to such Participant shall immediately terminate
and expire; (B) a Participant’s Termination due to death or Disability, each outstanding unvested SAR granted to such
Participant shall immediately terminate and expire, and each outstanding vested SAR shall remain exercisable for one year thereafter
(but in no event beyond the expiration of the SAR Period); and (C) a Participant’s Termination for any other reason, each
outstanding unvested SAR granted to such Participant shall immediately terminate and expire, and each outstanding vested SAR shall
remain exercisable for 90 days thereafter (but in no event beyond the expiration of the SAR Period).

 

(d)              
Method of Exercise. SARs that have become exercisable may be exercised by delivery
of written or electronic notice of exercise to the Company in accordance with the terms of the Award, specifying the number of SARs to
be exercised and the date on which such SARs were awarded.

 

(e)              
Payment. Upon the exercise of a SAR, the Company shall pay to the Participant an
amount equal to the number of shares subject to the SAR that is being exercised multiplied by the excess of the Fair Market Value of one
share of Common Stock on the exercise date over the Strike Price, less an amount equal to any federal, state, local, and non-U.S. income,
employment, and any other applicable taxes that are statutorily required to be withheld in accordance with Section 12(d) of the Plan.
The Company shall pay such amount in cash, in shares of Common Stock valued at Fair Market Value, or any combination thereof, as determined
by the Committee. Any fractional share of Common Stock shall be settled in cash.

 

8.                 
Restricted Stock and Restricted Stock Units.

 

(a)              
General. Each grant of Restricted Stock and Restricted Stock Units shall be evidenced
by an Award Agreement. Each Restricted Stock and Restricted Stock Unit so granted shall be subject to the conditions set forth in this
Section 8, and to such other conditions not inconsistent with the Plan as may be reflected in the applicable Award Agreement.

 

(b)               Stock
Certificates and Book-Entry Notation; Escrow or Similar Arrangement. Upon the grant of Restricted Stock, the Committee shall, at
its discretion, cause a stock certificate registered in the name of the Participant to be issued or shall cause share(s) of Common
Stock to be registered in the name of the Participant and held in book-entry form subject to the Company’s directions and, if
the Committee determines that the Restricted Stock shall be held by the Company or in escrow rather than issued to the Participant
pending the release of the applicable restrictions, the Committee may require the Participant to additionally execute and deliver to
the Company (i) an escrow agreement satisfactory to the Committee, if applicable, and (ii) the appropriate stock power
(endorsed in blank) with respect to the Restricted Stock covered by such agreement. If a Participant shall fail to execute and
deliver (in a manner permitted under Section 12(a) of the Plan or as otherwise determined by the Committee) an agreement evidencing
an Award of Restricted Stock and, if applicable, an escrow agreement and blank stock power within the amount of time specified by
the Committee, the Award shall be null and void. Subject to the restrictions set forth in this Section 8, Section 12(b) of the Plan,
and the applicable Award Agreement, a Participant generally shall have the rights and privileges of a stockholder as to shares of
Restricted Stock, including, without limitation, the right to vote such Restricted Stock. To the extent shares of Restricted Stock
are forfeited, any stock certificates issued to the Participant evidencing such shares shall be returned to the Company without
undue delay, and all rights of the Participant to such shares and as a stockholder with respect thereto shall terminate
automatically without further obligation on the part of the Company. A Participant shall have no rights or privileges as a
stockholder as to Restricted Stock Units.

 

     

    16

    

  

(c)              
Vesting; Termination. 

 

(i)                
Restricted Stock and Restricted Stock Units shall vest, and any applicable Restricted Period
shall lapse, in such manner and on such date or dates or upon such event or events as determined by the Committee including, without limitation,
those set forth in Section 5(a) of the Plan; provided, however, that notwithstanding any such dates or events, the Committee
may, in its sole discretion, accelerate the vesting of any Restricted Stock or Restricted Stock Unit or the lapsing of any applicable
Restricted Period at any time and for any reason. 

 

(ii)             
Unless otherwise determined by the Committee, whether in an Award Agreement or otherwise,
in the event of a Participant’s Termination for any reason prior to the time that such Participant’s Restricted Stock or Restricted
Stock Units, as applicable, have vested, (A) all vesting with respect to such Participant’s Restricted Stock or Restricted Stock
Units, as applicable, shall cease and (B) unvested shares of Restricted Stock and unvested Restricted Stock Units, as applicable, shall
be forfeited to the Company by the Participant for no consideration as of the date of such Termination.

 

(d)              
Issuance of Restricted Stock and Settlement of Restricted Stock Units. 

 

(i)                
Upon the expiration of the Restricted Period with respect to any shares of Restricted Stock,
the restrictions set forth in the applicable Award Agreement shall be of no further force or effect with respect to such shares, except
as set forth in the applicable Award Agreement. If an escrow arrangement is used, upon such expiration the Company shall issue to the
Participant or the Participant’s beneficiary, without charge, the stock certificate (or, if applicable, a notice evidencing a book-entry
notation) evidencing the shares of Restricted Stock that have not then been forfeited and with respect to which the Restricted Period
has expired (rounded down to the nearest full share). 

 

(ii)              Unless
otherwise determined by the Committee in an Award Agreement or otherwise, upon the expiration of the Restricted Period with respect
to any outstanding Restricted Stock Units, the Company shall issue to the Participant or the Participant’s beneficiary,
without charge, one share of Common Stock (or other securities or other property, as applicable) for each such outstanding
Restricted Stock Unit; provided, however, that the Committee may, in its sole discretion, elect to (A) pay cash or part cash
and part shares of Common Stock in lieu of issuing only shares of Common Stock in respect of such Restricted Stock Units or (B)
defer the issuance of shares of Common Stock (or cash or part cash and part shares of Common Stock, as the case may be) beyond the
expiration of the Restricted Period if such extension would not cause adverse tax consequences under Section 409A of the Code. If a
cash payment is made in lieu of issuing shares of Common Stock in respect of such Restricted Stock Units, the amount of such
payment shall be equal to the Fair Market Value per share of Common Stock as of the date on which the Restricted Period lapsed with
respect to such Restricted Stock Units.

 

     

    17

    

  

(e)              
Legends on Restricted Stock. Each certificate, if any, or book entry representing
Restricted Stocks awarded under the Plan, if any, shall bear a legend or book-entry notation substantially in the form of the following,
in addition to any other information the Company deems appropriate, until the lapse of all restrictions with respect to such shares of
Common Stock:

 

TRANSFER
OF THIS CERTIFICATE AND THE SHARES REPRESENTED HEREBY IS RESTRICTED PURSUANT TO THE TERMS OF THE Experience investment Corp. 2021 Omnibus
INCENTIVE PLAN AND A RESTRICTED Stock AWARD AGREEMENT BETWEEN experience investment corp. AND THE PARTICIPANT. A COPY OF SUCH PLAN AND
AWARD AGREEMENT IS ON FILE AT THE PRINCIPAL EXECUTIVE OFFICES OF experience investment corp.

 

9.                 
Other Equity-Based Awards and Other Cash-Based Awards.
The Committee may grant Other Equity-Based Awards and Other Cash-Based Awards under the Plan to Eligible Persons, alone or in tandem with
other Awards, in such amounts and dependent on such conditions as the Committee shall from time to time in its sole discretion determine
including, without limitation, those set forth in Section 5(a) of the Plan. Each Other Equity-Based Award granted under the Plan shall
be evidenced by an Award Agreement and each Other Cash-Based Award granted under the Plan shall be evidenced in such form as the Committee
may determine from time to time. Each Other Equity-Based Award or Other Cash-Based Award, as applicable, so granted shall be subject to
such conditions not inconsistent with the Plan as may be reflected in the applicable Award Agreement or other form evidencing such Award,
including, without limitation, those set forth in Section 12(c) of the Plan.

 

10.             
Changes in Capital Structure and Similar Events. Notwithstanding
any other provision in this Plan to the contrary, the following provisions shall apply to all Awards granted hereunder (other than Other
Cash-Based Awards):

 

     

    18

    

  

(a)               General.
In the event of (i) any dividend (other than regular cash dividends) or other distribution (whether in the form of cash, shares of
Common Stock, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger,
consolidation, split-up, split-off, spin-off, combination, repurchase, or exchange of shares of Common Stock or other securities of
the Company, issuance of warrants or other rights to acquire shares of Common Stock or other securities of the Company, or other
similar corporate transaction or event that affects the shares of Common Stock (including a Change in Control), or (ii) unusual or
nonrecurring events affecting the Company, including changes in applicable rules, rulings, regulations, or other requirements, that
the Committee determines, in its sole discretion, could result in substantial dilution or enlargement of the rights intended to be
granted to, or available for, Participants (any event in (i) or (ii), an “Adjustment Event”), the
Committee shall, in respect of any such Adjustment Event, make such proportionate substitution or adjustment, if any, as it, in its
sole discretion, deems equitable, to any or all of: (A) the Absolute Share Limit, or any other limit applicable under the
Plan with respect to the number of Awards that may be granted hereunder; (B) the number of shares of Common Stock or other
securities of the Company (or number and kind of other securities or other property) that may be issued in respect of Awards or with
respect to which Awards may be granted under the Plan or any Sub-Plan; and (C) the terms of any outstanding Award, including,
without limitation, (I) the number of shares of Common Stock or other securities of the Company (or number and kind of other
securities or other property) subject to outstanding Awards or to which outstanding Awards relate; (II) the Exercise Price or Strike
Price with respect to any Award; or (III) any applicable performance measures; provided, that in the case of any
 “equity restructuring” (within the meaning of the Financial Accounting Standards Board Accounting Standards Codification
Topic 718 (or any successor pronouncement thereto)), the Committee shall make an equitable or proportionate adjustment to
outstanding Awards to reflect such equity restructuring. Any adjustment under this Section 10 shall
be conclusive and binding for all purposes.

 

(b)              
Adjustment Events. Without limiting the foregoing, except as may otherwise be provided
in an Award Agreement, in connection with any Adjustment Event, the Committee may, in its sole discretion, provide for any one or more
of the following:

 

(i)                
substitution or assumption of Awards (or awards of an acquiring company), acceleration of
the exercisability of, lapse of restrictions on, or termination of Awards, or a period of time (which shall not be required to be more
than ten days) for Participants to exercise outstanding Awards prior to the occurrence of such event (and any such Award not so exercised
shall terminate upon the occurrence of such event); and

 

(ii)             
subject to any limitations or reductions as may be necessary to comply with Section 409A
of the Code, cancellation of any one or more outstanding Awards and payment to the holders of such Awards that are vested as of such cancellation
(including, without limitation, any Awards that would vest as a result of the occurrence of such event but for such cancellation or for
which vesting is accelerated by the Committee in connection with such event) the value of such Awards, if any, as determined by the Committee
(which value, if applicable, may be based upon the price per share of Common Stock received or to be received by other stockholders of
the Company in such event), including, without limitation, in the case of an outstanding Option or SAR, a cash payment in an amount equal
to the excess, if any, of the Fair Market Value (as of a date specified by the Committee) of the shares of Common Stock subject to such
Option or SAR over the aggregate Exercise Price or Strike Price of such Option or SAR (it being understood that, in such event, any Option
or SAR having a per share Exercise Price or Strike Price equal to, or in excess of, the Fair Market Value of a share of Common Stock subject
thereto may be canceled and terminated without any payment or consideration therefor), or, in the case of Restricted Stock, Restricted
Stock Units, or Other Equity-Based Awards that are not vested as of such cancellation, a cash payment or equity subject to deferred
vesting and delivery consistent with the vesting restrictions applicable to such Restricted Stock, Restricted Stock Units, or Other Equity-Based
Awards prior to cancellation, or the underlying shares in respect thereof.

 

 

     

    19

    

 

Payments to
holders pursuant to clause (ii) above shall be made in cash or, in the sole discretion of the Committee, in the form of such
other consideration necessary for a Participant to receive property, cash, or securities (or combination thereof) as such
Participant would have been entitled to receive upon the occurrence of the transaction if the Participant had been, immediately
prior to such transaction, the holder of the number of shares of Common Stock covered by the Award at such time (less any applicable
Exercise Price or Strike Price).

 

(c)              
Other Requirements. Prior to any payment or adjustment contemplated under this Section
10, the Committee may require a Participant to (i) represent and warrant as to the unencumbered title to the Participant’s Awards;
(ii) bear such Participant’s pro rata share of any post-closing indemnity obligations, and be subject to the same post-closing purchase
price adjustments, escrow terms, offset rights, holdback terms, and similar conditions as the other holders of Common Stock, subject to
any limitations or reductions as may be necessary to comply with Section 409A of the Code; and (iii) deliver customary transfer documentation
as reasonably determined by the Committee.

 

(d)              
Fractional Shares. Any adjustment provided under this Section 10 may provide for
the elimination of any fractional share that might otherwise become subject to an Award.

 

(e)              
Binding Effect. Any adjustment, substitution, determination of value or other action
taken by the Committee under this Section 10 shall be conclusive and binding for all purposes. 

 

11.              
Amendments and Termination.

 

(a)              
Amendment and Termination of the Plan. The Board may amend, alter, suspend, discontinue,
or terminate the Plan or any portion thereof at any time; provided, that no such amendment, alteration, suspension, discontinuance,
or termination shall be made without stockholder approval if: (i) such approval is required under Applicable Law; (ii) it would materially
increase the number of securities which may be issued under the Plan (except for increases pursuant to Section 5 or 10 of the Plan), or
(iii) it would materially modify the requirements for participation in the Plan; provided further, that any such amendment, alteration,
suspension, discontinuance, or termination that would materially and adversely affect the rights of any Participant or any holder or beneficiary
of any Award theretofore granted shall not to that extent be effective without the consent of the affected Participant, holder, or beneficiary.
Notwithstanding the foregoing, no amendment shall be made to the last proviso of Section 11(b) of the Plan without stockholder approval.

 

(b)               Amendment
of Award Agreements. The Committee may, to the extent consistent with the terms of the Plan and any applicable Award Agreement,
in its sole discretion, waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel, or
terminate, any Award theretofore granted or the associated Award Agreement, prospectively or retroactively (including after a
Participant’s Termination); provided, that, other than pursuant to Section 10, any such waiver, amendment, alteration,
suspension, discontinuance, cancellation, or termination that would materially and adversely affect the rights of any Participant
with respect to any Award theretofore granted shall not to that extent be effective without the consent of the affected Participant; provided
further, that without stockholder approval, except as otherwise permitted under Section 10 of the Plan, (i) no amendment or
modification may reduce the Exercise Price of any Option or the Strike Price of any SAR; (ii) the Committee may not cancel
any outstanding Option or SAR and replace it with a new Option or SAR (with a lower Exercise Price or Strike Price, as the case may
be) or other Award or cash payment that is greater than the intrinsic value (if any) of the canceled Option or SAR; and (iii) the
Committee may not take any other action which is considered a “repricing” for purposes of the stockholder approval rules
of any securities exchange or inter-dealer quotation system on which the securities of the Company are listed or quoted.

 

     

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12.             
General. 

 

(a)              
Award Agreements. Each Award (other than an Other Cash-Based Award) under the Plan
shall be evidenced by an Award Agreement, which shall be delivered to the Participant to whom such Award was granted and shall specify
the terms and conditions of the Award and any rules applicable thereto, including, without limitation, any Performance Conditions, the
effect on such Award of the death, Disability, or Termination of a Participant, or of such other events as may be determined by the Committee.
For purposes of the Plan, an Award Agreement may be in any such form (written or electronic) as determined by the Committee (including,
without limitation, a Board or Committee resolution, an employment agreement, a notice, a certificate, or a letter) evidencing the Award.
The Committee need not require an Award Agreement to be signed by the Participant or a duly authorized representative of the Company.

 

(b)              
Nontransferability.

 

(i)                
Each Award shall be exercisable only by such Participant to whom such Award was granted
during the Participant’s lifetime, or, if permissible under Applicable Law, by the Participant’s legal guardian or representative.
No Award may be assigned, alienated, pledged, attached, sold, or otherwise transferred or encumbered by a Participant (unless such transfer
is specifically required pursuant to a domestic relations order or by Applicable Law) other than by will or by the laws of descent and
distribution and any such purported assignment, alienation, pledge, attachment, sale, transfer, or encumbrance shall be void and unenforceable
against any member of the Company Group; provided, that the designation of a beneficiary shall not constitute an assignment, alienation,
pledge, attachment, sale, transfer, or encumbrance.

 

(ii)              Notwithstanding
the foregoing, the Committee may, in its sole discretion, permit Awards (other than Incentive Stock Options) to be transferred by a
Participant, without consideration, subject to such rules as the Committee may adopt consistent with any applicable Award Agreement
to preserve the purposes of the Plan, to: (A) any Person who is a “family member” of the Participant, as such term is
used in the instructions to Form S-8 under the Securities Act or any successor form of registration statement promulgated by the
Securities and Exchange Commission (collectively, the “Immediate Family Members”); (B) a trust solely for
the benefit of the Participant and the Participant’s Immediate Family Members; (C) a partnership or limited liability company
whose only partners or stockholders are the Participant and the Participant’s Immediate Family Members; or (D) a beneficiary
to whom donations are eligible to be treated as “charitable contributions” for federal income tax purposes (each
transferee described in clauses (A), (B), (C), and (D) above is hereinafter referred to as a “Permitted
Transferee”); provided, that the Participant gives the Committee advance written notice describing the terms and
conditions of the proposed transfer and the Committee notifies the Participant in writing that such a transfer would comply with the
requirements of the Plan.

 

     

    21

    

  

(iii)           
The terms of any Award transferred in accordance with clause (ii) above shall apply to the
Permitted Transferee and any reference in the Plan or in any applicable Award Agreement to a Participant shall be deemed to refer to the
Permitted Transferee, except that: (A) Permitted Transferees shall not be entitled to transfer any Award, other than by will or the laws
of descent and distribution; (B) Permitted Transferees shall not be entitled to exercise any transferred Option unless there shall be
in effect a registration statement on an appropriate form covering the shares of Common Stock to be acquired pursuant to the exercise
of such Option if the Committee determines, consistent with any applicable Award Agreement, that such a registration statement is necessary
or appropriate; (C) neither the Committee nor the Company shall be required to provide any notice to a Permitted Transferee, whether or
not such notice is or would otherwise have been required to be given to the Participant under the Plan or otherwise; and (D) the consequences
of a Participant’s Termination under the terms of the Plan and the applicable Award Agreement shall continue to be applied with
respect to the Participant, including, without limitation, that an Option shall be exercisable by the Permitted Transferee only to the
extent, and for the periods, specified in the Plan and the applicable Award Agreement.

 

(c)              
Dividends and Dividend Equivalents. 

 

(i)                
The Committee may, in its sole discretion, provide a Participant as part of an Award with
dividends, dividend equivalents, or similar payments in respect of Awards, payable in cash, shares of Common Stock, other securities,
other Awards or other property, on a current or deferred basis, on such terms and conditions as may be determined by the Committee in
its sole discretion, including, without limitation, payment directly to the Participant, withholding of such amounts by the Company subject
to vesting of the Award or reinvestment in additional shares of Common Stock, Restricted Stock or other Awards.

 

(ii)             
Without limiting the foregoing, unless otherwise provided in the Award Agreement, any dividend
otherwise payable in respect of any shares of Restricted Stock that remain subject to vesting conditions at the time of payment of such
dividend shall be retained by the Company, remain subject to the same vesting conditions as the Restricted Stock to which the dividend
relates and shall be delivered (without interest) to the Participant within 15 days following the date on which such restrictions on such
Restricted Stock lapse (and the right to any such accumulated dividends shall be forfeited upon the forfeiture of the Restricted Stock
to which such dividends relate).

 

     

    22

    

  

(iii)            To
the extent provided in an Award Agreement, the holder of outstanding Restricted Stock Units shall be entitled to be credited with
dividend equivalent payments (upon the payment by the Company of dividends on shares of Common Stock) either in cash or, in the sole
discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of such dividends (and
interest may, in the sole discretion of the Committee, be credited on the amount of cash dividend equivalents at a rate and subject
to such terms as determined by the Committee), which accumulated dividend equivalents (and interest thereon, if applicable) shall be
payable at the same time as the underlying Restricted Stock Units are settled following the date on which the Restricted Period
lapses with respect to such Restricted Stock Units, and if such Restricted Stock Units are forfeited, the Participant shall have no
right to such dividend equivalent payments (or interest thereon, if applicable).

 

(d)              
Tax Withholding.

 

(i)                
A Participant shall be required to pay to the Company or one or more of its Subsidiaries,
as applicable, an amount in cash (by check or wire transfer) equal to the aggregate amount of any income, employment, and/or other applicable
taxes that are statutorily required to be withheld in respect of an Award. Alternatively, the Company or any of its Subsidiaries may elect,
in its sole discretion, to satisfy this requirement by withholding such amount from any cash compensation or other cash amounts owing
to a Participant.

 

(ii)             
Without limiting the foregoing, the Committee may (but is not obligated to), in its sole
discretion, permit or require a Participant to satisfy all or any portion of the minimum income, employment, and/or other applicable taxes
that are statutorily required to be withheld with respect to an Award by: (A) the delivery of shares of Common Stock (which are not subject
to any pledge or other security interest) that have been both held by the Participant and vested for at least six months (or such other
period as established from time to time by the Committee in order to avoid adverse accounting treatment under applicable accounting standards)
having an aggregate Fair Market Value equal to such minimum statutorily required withholding liability (or portion thereof); or (B) having
the Company withhold from the shares of Common Stock otherwise issuable or deliverable to, or that would otherwise be retained by, the
Participant upon the grant, exercise, vesting, or settlement of the Award, as applicable, a number of shares of Common Stock with an aggregate
Fair Market Value equal to an amount, subject to clause (iii) below, not in excess of such minimum statutorily required withholding liability
(or portion thereof).

 

(iii)       The
Committee, subject to its having considered the applicable accounting impact of any such determination, has full discretion to allow Participants
to satisfy, in whole or in part, any additional income, employment, and/or other applicable taxes payable by them with respect to an Award
by electing to have the Company withhold from the shares of Common Stock otherwise issuable or deliverable to, or that would otherwise
be retained by, a Participant upon the grant, exercise, vesting, or settlement of the Award, as applicable, shares of Common Stock having
an aggregate Fair Market Value that is greater than the applicable minimum required statutory withholding liability (but such withholding
may in no event be in excess of the maximum statutory withholding amount(s) in a Participant’s relevant tax jurisdictions).

 

     

    23

    

  

(e)               No
Claim to Awards; No Rights to Continued Employment; Waiver. No employee of any member of the Company Group, or other Person,
shall have any claim or right to be granted an Award under the Plan or, having been selected for the grant of an Award, to be
selected for a grant of any other Award. There is no obligation for uniformity of treatment of Participants or holders or
beneficiaries of Awards. The terms and conditions of Awards and the Committee’s determinations and interpretations with
respect thereto need not be the same with respect to each Participant and may be made selectively among Participants, whether or not
such Participants are similarly situated. Neither the Plan nor any action taken hereunder shall be construed as giving any
Participant any right to be retained in the employ or service of the Service Recipient or any other member of the Company Group, nor
shall it be construed as giving any Participant any rights to continued service on the Board. The Service Recipient or any other
member of the Company Group may at any time dismiss a Participant from employment or discontinue any consulting relationship, free
from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan or any Award Agreement. By accepting
an Award under the Plan, a Participant shall thereby be deemed to have waived any claim to continued exercise or vesting of an Award
or to damages or severance entitlement related to non-continuation of the Award beyond the period provided under the Plan or any
Award Agreement, except to the extent of any provision to the contrary in any written employment contract or other agreement between
the Service Recipient and/or any member of the Company Group and the Participant, whether any such agreement is executed before, on,
or after the Date of Grant.

 

(f)               
International Participants. With respect to Participants who reside or work outside
of the United States of America, the Committee may, in its sole discretion, amend the terms of the Plan and create or amend Sub-Plans
or amend outstanding Awards with respect to such Participants in order to permit or facilitate participation in the Plan by such Participants,
conform such terms with the requirements of Applicable Law or to obtain more favorable tax or other treatment for a Participant or any
member of the Company Group.

 

(g)              
Designation and Change of Beneficiary. Each Participant may file with the Committee
a written designation of one or more Persons as the beneficiary or beneficiaries, as applicable, who shall be entitled to receive the
amounts payable with respect to an Award, if any, due under the Plan upon the Participant’s death. A Participant may, from time
to time, revoke or change the Participant’s beneficiary designation without the consent of any prior beneficiary by filing a new
designation with the Committee. The last such designation received by the Committee shall be controlling; provided, however, that
no designation, or change or revocation thereof, shall be effective unless received by the Committee prior to the Participant’s
death, and in no event shall it be effective as of a date prior to such receipt. If no beneficiary designation is filed by a Participant,
the beneficiary shall be deemed to be the Participant’s spouse or, if the Participant is unmarried at the time of death, the Participant’s
estate.

 

(h)               Termination.
Except as otherwise provided in an Award Agreement, unless determined otherwise by the Committee at any point following such event:
(i) neither a temporary absence from employment or service due to illness, vacation, or leave of absence (including, without
limitation, a call to active duty for military service through a Reserve or National Guard unit) nor a transfer from employment or
service with one Service Recipient to employment or service with another Service Recipient (or vice-versa) shall be considered a
Termination; and (ii) if a Participant undergoes a Termination, but such Participant continues to provide services to the Company
Group in a non-employee capacity, including as a consultant, such change in status shall not be considered a Termination for
purposes of the Plan. Further, unless otherwise determined by the Committee, in the event that any Service Recipient ceases to be a
member of the Company Group (by reason of sale, divestiture, spin-off, or other similar transaction), unless a Participant’s
employment or service is transferred to another entity that would constitute a Service Recipient immediately following such
transaction, such Participant shall be deemed to have suffered a Termination hereunder as of the date of the consummation of such
transaction.

 

     

    24

    

  

(i)                
No Rights as a Stockholder. Except as otherwise specifically provided in the Plan
or any Award Agreement, no Person shall be entitled to the privileges of ownership in respect of shares of Common Stock that are subject
to Awards hereunder until such shares have been issued or delivered to such Person.

 

(j)                
Government and Other Regulations.

 

(i)                
The obligation of the Company to settle Awards in shares of Common Stock or other consideration
shall be subject to compliance with Applicable Law. Notwithstanding any terms or conditions of any Award to the contrary, the Company
shall be under no obligation to offer to sell or to sell, and shall be prohibited from offering to sell or selling, any shares of Common
Stock pursuant to an Award unless such shares have been properly registered for sale pursuant to the Securities Act with the Securities
and Exchange Commission or unless the Company has received an opinion of counsel (if the Company has requested such an opinion), satisfactory
to the Company, that such shares may be offered or sold without such registration pursuant to an available exemption therefrom and the
terms and conditions of such exemption have been fully complied with. The Company shall be under no obligation to register for sale under
the Securities Act any of the shares of Common Stock to be offered or sold under the Plan. The Committee shall have the authority to provide
that all shares of Common Stock or other securities of any member of the Company Group issued under the Plan shall be subject to such
stop-transfer orders and other restrictions as the Committee may deem advisable under the Plan, the applicable Award Agreement and
Applicable Law, and, without limiting the generality of Section 8 of the Plan, the Committee may cause a legend or legends to be put on
certificates representing shares of Common Stock or other securities of any member of the Company Group issued under the Plan to make
appropriate reference to such restrictions or may cause such shares of Common Stock or other securities of any member of the Company Group
issued under the Plan in book-entry form to be held subject to the Company’s instructions or subject to appropriate stop-transfer
orders. Notwithstanding any provision in the Plan to the contrary, the Committee reserves the right to add, at any time, any additional
terms or provisions to any Award granted under the Plan that the Committee, in its sole discretion, deems necessary or advisable in order
that such Award complies with the legal requirements of any governmental entity to whose jurisdiction the Award is subject.

 

     

    25

    

  

(ii)              The
Committee may cancel an Award or any portion thereof if it determines, in its sole discretion, that legal or contractual
restrictions and/or blockage and/or other market considerations would make the Company’s acquisition of shares of Common Stock
from the public markets, the Company’s issuance of Common Stock to the Participant, the Participant’s acquisition
of Common Stock from the Company, and/or the Participant’s sale of Common Stock to the public markets, illegal, impracticable,
or inadvisable. If the Committee determines to cancel all or any portion of an Award in accordance with the foregoing, the Company
shall, subject to any limitations or reductions as may be necessary to comply with Section 409A of the Code: (A) pay to the
Participant an amount equal to the excess of (I) the aggregate Fair Market Value of the shares of Common Stock subject to such Award
or portion thereof canceled (determined as of the applicable exercise date, or the date that the shares would have been vested or
issued, as applicable), over (II) the aggregate Exercise Price or Strike Price (in the case of an Option or SAR, respectively) or
any amount payable as a condition of issuance of shares of Common Stock (in the case of any other Award), with such amount being
delivered to the Participant as soon as practicable following the cancellation of such Award or portion thereof or (B) in the case
of Restricted Stock, Restricted Stock Units, or Other Equity-Based Awards, provide the Participant with a cash payment or equity
subject to deferred vesting and delivery consistent with the vesting restrictions applicable to such Restricted Stock, Restricted
Stock Units, or Other Equity-Based Awards, or the underlying shares in respect thereof.

 

(k)              
No Section 83(b) Elections Without Consent of Company. No election under Section
83(b) of the Code or under a similar provision of law may be made unless expressly permitted by the terms of the applicable Award Agreement
or by action of the Committee (or its designee in accordance with Section 4(c) of the Plan) in writing prior to the making of such election.
If a Participant, in connection with the acquisition of shares of Common Stock under the Plan or otherwise, is expressly permitted to
make such election and the Participant makes the election, the Participant shall notify the Company of such election within ten days of
filing notice of the election with the Internal Revenue Service or other governmental authority, in addition to any filing and notification
required pursuant to Section 83(b) of the Code or other applicable provision.

 

(l)                Payments
to Persons Other Than Participants. If the Committee shall find that any Person to whom any amount is payable under the Plan is unable
to care for the Participant’s affairs because of illness or accident, or is a minor, or has died, then any payment due to such
Person or the Participant’s estate (unless a prior claim therefor has been made by a duly appointed legal representative) may,
if the Committee so directs the Company, be paid to the Participant’s spouse, child, relative, an institution maintaining or having
custody of such Person, or any other Person deemed by the Committee to be a proper recipient on behalf of such Person otherwise entitled
to payment. Any such payment shall be a complete discharge of the liability of the Committee and the Company therefor.

 

(m)             
Nonexclusivity of the Plan. Neither the adoption of the Plan by the Board nor the
submission of the Plan to the stockholders of the Company for approval shall be construed as creating any limitations on the power of
the Board to adopt such other incentive arrangements as it may deem desirable, including, without limitation, the granting of equity-based
awards otherwise than under the Plan, and such arrangements may be either applicable generally or only in specific cases.

 

     

    26

    

 

 

(n)               No
Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of
any kind or a fiduciary relationship between any member of the Company Group, on the one hand, and a Participant or other Person, on
the other hand. No provision of the Plan or any Award shall require the Company, for the purpose of satisfying any obligations under
the Plan, to purchase assets or place any assets in a trust or other entity to which contributions are made or otherwise to
segregate any assets, nor shall the Company be obligated to maintain separate bank accounts, books, records, or other evidence of
the existence of a segregated or separately maintained or administered fund for such purposes. Participants shall have no rights
under the Plan other than as unsecured general creditors of the Company, except that insofar as they may have become entitled to
payment of additional compensation by performance of services, they shall have the same rights as other service providers under
general law.

 

(o)              
Reliance on Reports. Each member of the Committee and each member of the Board shall
be fully justified in acting or failing to act, as the case may be, and shall not be liable for having so acted or failed to act in good
faith, in reliance upon any report made by the independent public accountant of any member of the Company Group and/or any other information
furnished in connection with the Plan by any agent of the Company or the Committee or the Board, other than himself or herself.

 

(p)              
Relationship to Other Benefits. No payment under the Plan shall be taken into account
in determining any benefits under any pension, retirement, profit sharing, group insurance, or other benefit plan of the Company except
as otherwise specifically provided in such other plan or as required by Applicable Law.

 

(q)              
Governing Law. THIS PLAN AND ITS ENFORCEMENT AND ANY CONTROVERSY ARISING OUT OF OR
RELATING TO ANY RIGHTS AND OBLIGATIONS HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
Each Participant who accepts an Award hereby (i) agrees that any action, directly or indirectly, arising out of, under or relating to
the Plan or any Award hereunder shall exclusively be brought in and shall exclusively be heard and determined by either the Supreme Court
of the State of New York sitting in Manhattan or the United States District Court for the Southern District of New York, and (ii) solely
in connection with the action(s) contemplated by subsection (i) hereof, (A) irrevocably and unconditionally consents and submits to the
exclusive jurisdiction of the courts identified in subsection (i) hereof, (B) irrevocably and unconditionally waives any objection to
the laying of venue in any of the courts identified in clause (i) of this Section 12(q), (C) irrevocably and unconditionally waives and
agrees not to plead or claim that any of the courts identified in such clause (i) is an inconvenient forum or does not have personal jurisdiction
over such Participant or any member of the Company Group, and (D) agrees that mailing of process or other papers in connection with any
such action in the manner provided herein or in such other manner as may be permitted by Applicable Law shall be valid and sufficient
service thereof. EACH PARTICIPANT WHO ACCEPTS AN AWARD IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY SUIT, ACTION, OR OTHER PROCEEDING
INSTITUTED BY OR AGAINST SUCH PARTICIPANT IN RESPECT OF THE PARTICIPANT’S RIGHTS OR OBLIGATIONS HEREUNDER.

 

     

    27

    

  

(r)                Severability.
If any provision of the Plan or any Award or Award Agreement is or becomes or is deemed to be invalid, illegal, or
unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed
applicable by the Committee, such provision shall be construed or deemed amended to conform to Applicable Law, or if it cannot be
construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award,
such provision shall be construed or deemed stricken as to such jurisdiction, Person, or Award and the remainder of the Plan and any
such Award shall remain in full force and effect.

 

(s)               
Obligations Binding on Successors. The obligations of the Company under the Plan
shall be binding upon any successor corporation or organization resulting from the merger, consolidation, or other reorganization of the
Company, or upon any successor corporation or organization succeeding to substantially all of the assets and business of the Company.

 

(t)                
Section 409A of the Code. 

 

(i)                
Notwithstanding any provision of the Plan to the contrary, it is intended that the provisions
of the Plan comply with Section 409A of the Code, and all provisions of the Plan shall be construed and interpreted in a manner consistent
with the requirements for avoiding taxes or penalties under Section 409A of the Code. Each Participant is solely responsible and liable
for the satisfaction of all taxes and penalties that may be imposed on or in respect of such Participant in connection with the Plan (including
any taxes and penalties under Section 409A of the Code), and neither the Service Recipient nor any other member of the Company Group shall
have any obligation to indemnify or otherwise hold such Participant (or any beneficiary) harmless from any or all of such taxes or penalties.
With respect to any Award that is considered “deferred compensation” subject to Section 409A of the Code, references in the
Plan to “termination of employment” (and substantially similar phrases) shall mean “separation from service” within
the meaning of Section 409A of the Code. For purposes of Section 409A of the Code, each of the payments that may be made in respect
of any Award granted under the Plan is designated as a separate payment.

 

(ii)             
Notwithstanding anything in the Plan to the contrary, if a Participant is a “specified
employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, no payments in respect of any Awards that are “deferred
compensation” subject to Section 409A of the Code and which would otherwise be payable upon the Participant’s “separation
from service” (as defined in Section 409A of the Code) shall be made to such Participant prior to the date that is six months after
the date of such Participant’s “separation from service” or, if earlier, the date of the Participant’s death.
Following any applicable six-month delay, all such delayed payments will be paid in a single lump sum on the earliest date permitted under
Section 409A of the Code that is also a business day.

 

(iii)            Unless
otherwise provided by the Committee in an Award Agreement or otherwise, in the event that the timing of payments in respect of any
Award (that would otherwise be considered “deferred compensation” subject to Section 409A of the Code) are accelerated
upon the occurrence of (A) a Change in Control, no such acceleration shall be permitted unless the event giving rise to the Change
in Control satisfies the definition of a change in the ownership or effective control of a corporation, or a change in the
ownership of a substantial portion of the assets of a corporation pursuant to Section 409A of the Code or (B) a Disability, no such
acceleration shall be permitted unless the Disability also satisfies the definition of “Disability” pursuant to Section
409A of the Code.

 

     

    28

    

  

(u)              
Clawback/Repayment. All Awards shall be subject to reduction, cancellation, forfeiture
or recoupment to the extent necessary to comply with (i) any clawback, forfeiture or other similar policy adopted by the Board or the
Committee and as in effect from time to time; and (ii) Applicable Law. Further, unless otherwise determined by the Committee, to the extent
that the Participant receives any amount in excess of the amount that the Participant should otherwise have received under the terms of
the Award for any reason (including, without limitation, by reason of a financial restatement, mistake in calculations or other administrative
error), the Participant shall be required to repay any such excess amount to the Company.

 

(v)              
Detrimental Activity. Notwithstanding anything to the contrary contained herein,
if a Participant has engaged in any Detrimental Activity, as determined by the Committee, the Committee may, in its sole discretion and
to the extent permitted by Applicable Law, provide for one or more of the following:

 

(i)              
cancellation of any or all of such Participant’s outstanding Awards; or

 

(ii)             
forfeiture by the Participant of any gain realized on the vesting or exercise of Awards,
and repayment of any such gain promptly to the Company. 

 

(w)            
Right of Offset. The Company will have the right to offset against its obligation
to deliver shares of Common Stock (or other property or cash) under the Plan or any Award Agreement any outstanding amounts (including,
without limitation, travel and entertainment or advance account balances, loans, repayment obligations under any Awards, or amounts repayable
to the Company pursuant to tax equalization, housing, automobile, or other employee programs) that the Participant then owes to any member
of the Company Group and any amounts the Committee otherwise deems appropriate pursuant to any tax equalization policy or agreement. Notwithstanding
the foregoing, if an Award is “deferred compensation” subject to Section 409A of the Code, the Committee will have no right
to offset against its obligation to deliver shares of Common Stock (or other property or cash) under the Plan or any Award Agreement if
such offset could subject the Participant to the additional tax imposed under Section 409A of the Code in respect of an outstanding Award.

 

(x)              
Expenses; Titles and Headings. The expenses of administering the Plan shall be borne
by the Company Group. The titles and headings of the sections in the Plan are for convenience of reference only, and in the event of any
conflict, the text of the Plan, rather than such titles or headings, shall control.Exhibit 10.1

 

THIS SUBSCRIPTION AGREEMENT RELATES TO AN OFFERING
OF A CONVERTIBLE NOTE (THE “NOTE”) IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN) PURSUANT
TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”).

 

THE NOTE TO WHICH THIS SUBSCRIPTION AGREEMENT
(THE “SUBSCRIPTION AGREEMENT”) RELATES HAS NOT BEEN REGISTERED UNDER THE  1933 ACT, OR ANY U.S. STATE SECURITIES LAWS,
AND, UNLESS SO REGISTERED, IT MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR TO A U.S. PERSON EXCEPT IN ACCORDANCE
WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT
TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY
IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.  IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE NOTE MAY NOT BE CONDUCTED UNLESS
IN COMPLIANCE WITH THE 1933 ACT.   "UNITED STATES" AND "U.S. PERSON" ARE AS DEFINED BY REGULATION S UNDER
THE 1933 ACT.

 

SUBSCRIPTION AGREEMENT

(Offshore Subscribers)

 

TO:

NETWORK CN INC. (the “Company”)

a company with offices at Unit 802B-803, 8/F, Tower 2, South Seas Centre, 75 Mody Road, Tsim Sha Tsui, Kowloon, Hong Kong.

 

Purchase of Convertible Note

 

		1.	Subscription 

 

		1.1	On the basis of the representations and warranties and subject to the terms and conditions set forth herein,
WONG YUK CHOR, holder of Hong Kong Identity Card No.: K446579(2), whose address is at Flat C, 7/F., 114 Broadway Street, Mei Foo Sun Chuen,
Kowloon, Hong Kong (the “Subscriber”), hereby irrevocably subscribes for and agrees to purchase one senior convertible
note (the “Note”) from the Company for an aggregate purchase price of TWO MILLION FIVE HUNDRED THOUSAND US DOLLARS
(US$2,500,000) (the “Principle”), ”), plus accrued and unpaid interest thereon on January 19, 2027 (the “Maturity
Date”), substantially in the form attached to this Subscription Agreement as Exhibit 1 (the subscription and agreement
to purchase being the “Subscription”). 

 

		1.2	On the basis of the representations and warranties and subject to the terms and conditions set forth herein,
the Company hereby irrevocably agrees to sell the Note to the Subscriber.

 

		1.3	Subject to the terms hereof, the Subscription will be effective upon its acceptance by the Company.

 

		1.4	Unless otherwise provided, all dollar amounts referred to in this Subscription Agreement are in lawful
money of the United States of America.

 

		2.	Payment

 

		2.1	the Principle pertaining to the purchase of the Note shall be transfer from short term loan on or before
the Closing Date (as defined in Section 4.1, below) by cheque or wire transfer to the Company (Information of the Company attached hereto
Exhibit 2).

 

    		1	

    	 

    

 

		3.	Documents Required from Subscriber

 

		3.1	The Subscriber must:

 

		(a)	complete, sign and return to the Company an executed copy of this Subscription Agreement prior to the
Closing Date; and,

		(b)	complete, sign and return to the Company as soon as possible, on request by the Company, any documents,
questionnaires, notices and undertakings as may be required by regulatory authorities and applicable law (collectively the “Transaction
Documents.”)

 

		4.	Closing

 

		4.1	There shall be no formal closing ceremony with respect to the transactions contemplated by this Agreement.
Instead, the parties shall execute and exchange the Transaction Documents by facsimile and email and the closing of the transactions contemplated
by this Agreement shall be deemed to have occurred (the "Closing") on the date (the "Closing Date")
that the Company receives the Subscription Proceeds in full. There may be multiple Closings.

 

		5.	Acknowledgements of Subscriber

 

		5.1	The Subscriber acknowledges and agrees that:

(a) Neither the Note nor the shares
of common stock (“Shares”) that may be issued upon a conversion of the Note (the Note and the Shares may be hereinafter
referred to collectively as the “Securities”) have been or will be registered under the 1933 Act, or under any state
securities or “blue sky” laws of any state of the United States, and, unless so registered, none of them may be offered or
sold in the United States or, directly or indirectly, to a U.S. Person, as that term is defined in Regulation S under the 1933 Act (“Regulation
S”), except in accordance with the provisions of Regulation S, pursuant to an effective registration statement under the 1933
Act, or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the 1933 Act and in each case
in accordance with applicable state securities laws;

(b) the Company has not undertaken
to, and will have no obligation to, register the Securities, or any of them, under the 1933 Act;

(c) it has received and carefully
read this Subscription Agreement;

(d) the decision to execute this Subscription
Agreement and acquire the Note hereunder has not been based upon any oral or written representation as to fact or otherwise made by or
on behalf of the Company, and such decision is based entirely upon a review of information (the adequacy of which is hereby acknowledged)
about the Company that is available to the Subscriber on request;

(e) there are risks associated with
an investment in the Company including, by way of example and not in limitation, the specific risks identified in the Company’s
communications with the Subscriber.

(f) it and its advisor(s) have had
a reasonable opportunity to ask questions of and receive answers from the Company in connection with the sale of the Note hereunder, and
to obtain additional information, to the extent possessed or obtainable by the Company without unreasonable effort or expense;

(g) all information which the Subscriber
has provided to the Company is correct and complete as of the date the Subscription Agreement is signed, and if there should be any change
in such information prior to this Subscription Agreement being executed by the Company, the Subscriber will immediately provide the Company
with such information;

(h) the Company is entitled to rely
on the representations and warranties of the Subscriber contained in this Subscription Agreement and the Subscriber will hold the Company
harmless from any loss or damage it may suffer as a result of the Subscriber’s failure to correctly complete this Subscription Agreement;

(i) the Subscriber has been advised
to consult the Subscriber’s own legal, tax and other advisors with respect to the merits and risks of an investment in the Securities
and with respect to applicable resale restrictions, and it is solely responsible (and the Company is not in any way responsible) for compliance
with:

(i) any applicable laws of the jurisdiction
in which the Subscriber is resident in connection with the distribution of the Securities hereunder, and

(ii) applicable resale restrictions;

 

    		2	

    	 

    

 

(j) none of the Securities are listed
on any stock exchange or automated dealer quotation system and no representation has been made to the Subscriber that any of the Securities
will become listed on any stock exchange or automated dealer quotation system until the Company has successfully obtained the approval
of Securities and Exchange Commission (“SEC”).

(k) none of the Securities may be offered
or sold by the Subscriber to a U.S. Person (as defined in Section 6.2, below, or for the account or benefit of a U.S. Person (other than
a distributor) prior to the end of the Distribution Compliance Period (as defined herein);

(l) the Subscriber is not acquiring
the Note as a result of, and will not itself engage in, any “directed selling efforts” (as that term is defined in Regulation
S under the 1933 Act) in the United States in respect of the Securities which would include any activities undertaken for the purpose
of, or that could reasonably be expected to have the effect of, conditioning the market in the United States for the resale of any of
the Securities; provided, however, that the Subscriber may sell or otherwise dispose of the Securities pursuant to registration thereof
under the 1933 Act and any applicable state securities laws or under an exemption from such registration requirements;

(m) the Company will refuse to register
any transfer of the Securities not made in accordance with the provisions of Regulation S, pursuant to an effective registration statement
under the 1933 Act or pursuant to an available exemption from the registration requirements of the 1933 Act and in each case in accordance
with applicable state securities laws;

(n) neither the SEC nor any other securities
commission or similar regulatory authority has reviewed or passed on the merits of the Securities;

(o) no documents in connection with
the sale of the Note hereunder have been reviewed by the SEC or any state securities administrators;

(p) there is no government
or other insurance covering any of the Securities;

(q) the issuance and sale of the Securities
to the Subscriber will not be completed if it would be unlawful or if, in the discretion of the Company acting reasonably, it is not in
the best interests of the Company;

(r) the Subscriber is purchasing the
Securities pursuant to an exemption from the registration and the prospectus requirements of applicable securities legislation on the
basis that the Subscriber is not a resident of either the United States or Canada and, as a consequence:

(i) is restricted from using most of
the civil remedies available under securities legislation,

(ii) may not receive information that
would otherwise be required to be provided under securities legislation, and

(iii) the Company is relieved from certain
obligations that would otherwise apply under securities legislation; and

(s) the statutory and regulatory basis
for the exemption from U.S. registration requirements claimed for the offer of the Note, although in technical compliance with Regulation
S, would not be available if the offering is part of a plan or scheme to evade the registration provisions of the 1933 Act or any applicable
state securities laws.

 

		6.	Representations, Warranties and Covenants of the Subscriber

 

		6.1	The Subscriber hereby represents and warrants to and covenants with the Company (which representations,
warranties and covenants shall survive the Closing), and acknowledges that the Company is relying thereon, that:

(a) the Subscriber is not
a U.S. Person as that term is defined in Regulation S;

(b) the Subscriber is not acquiring
the Note for the account or benefit of, directly or indirectly, any U.S. Person as that term is defined in Regulation S;

(c) the Subscriber is resident in the
jurisdiction set out under the heading “Name and Address of Subscriber” on the signature page of this Subscription Agreement
and the sale of the Securities to the Subscriber as contemplated in this Subscription Agreement complies with or is exempt from the applicable
securities legislation of the jurisdiction of residence of the Subscriber;

(d) the Subscriber has the legal capacity
and competence to enter into and execute this Subscription Agreement and to take all actions required pursuant hereto and, if the Subscriber
is a corporation, it is duly incorporated and validly subsisting under the laws of its jurisdiction of incorporation and all necessary
approvals by its directors, shareholders and others have been obtained to authorize execution and performance of this Subscription Agreement
on behalf of the Subscriber;

 

    		3	

    	 

    

 

(e)if the Subscriber is a corporation
or other entity, the entering into of this Subscription Agreement and the transactions contemplated hereby do not and will not result
in the violation of any of the terms and provisions of any law applicable to, or the constating documents of, the Subscriber or of any
agreement, written or oral, to which the Subscriber may be a party or by which the Subscriber is or may be bound;

(f) the Subscriber has duly executed
and delivered this Subscription Agreement and upon acceptance thereof by the Company it will constitutes a valid and binding agreement
of the Subscriber enforceable against the Subscriber in accordance with its terms;

(g) the Subscriber is acquiring the
Securities as principal for its own account for investment purposes only and not for the account of any other person and not for distribution,
assignment or resale to others, and no other person has a direct or indirect beneficial interest in such Securities, and it has not subdivided
its interest in the Securities with any other person;

(h) the Subscriber is outside the United
States when receiving and executing this Subscription Agreement and is acquiring the Note as principal for the Subscriber’s own
account for investment purposes only, and not with a view to, or for, resale, distribution or fractionalisation thereof, in whole or in
part, and no other person has a direct or indirect beneficial interest in the Securities;

(i) the Subscriber is aware that an
investment in the Company is speculative and involves certain risks, including the possible loss of the entire investment and it has carefully
read and considered risk factors being communicated by the Company and/or the Subscriber’s professional advisor(s);

(j) the Subscriber has made an independent
examination and investigation of an investment in the Securities and the Company and has depended on the advice of its legal and financial
advisors and agrees that the Company will not be responsible in any way whatsoever for the Subscriber’s decision to invest in the
Securities and the Company;

(k) the Subscriber (i) has adequate
net worth and means of providing for its current financial needs and possible personal contingencies, (ii) has no need for liquidity in
this investment, and (iii) is able to bear the economic risks of an investment in the Securities for an indefinite period of time;

(l) the Subscriber understands and
agrees that the Company and others will rely upon the truth and accuracy of the acknowledgements, representations and agreements contained
in this Subscription Agreement and agrees that if any of such acknowledgements, representations and agreements are no longer accurate
or have been breached, the Subscriber shall promptly notify the Company;

(m) the Subscriber has the legal capacity
and competence to enter into and execute this Subscription Agreement and to take all actions required pursuant hereto;

(n) the Subscriber has duly executed
and delivered this Subscription Agreement and it constitutes a valid and binding agreement of the Subscriber enforceable against the Subscriber
in accordance with its terms;

(o) the Subscriber is not an underwriter
of, or dealer in, the Company’s Shares, nor is the Subscriber participating, pursuant to a contractual agreement or otherwise, in
the distribution of any of the Shares;

(p) the Subscriber is not an underwriter
of, or dealer in, the Company’s Shares, nor is the Subscriber participating, pursuant to a contractual agreement or otherwise, in
the distribution of any of the Securities;

(q) the Subscriber understands and
agrees that offers and sales of any of the Securities prior to the expiration of restricted period after the date of original issuance
of the Securities (the twelve month period hereinafter referred to as the “Distribution Compliance Period”) shall only
be made in compliance with the safe harbor provisions set forth in Regulation S, pursuant to the registration provisions of the 1933 Act
or an exemption therefrom, and that all offers and sales after the Distribution Compliance Period shall be made only in compliance with
the registration provisions of the 1933 Act or an exemption therefrom and in each case only in accordance with applicable state securities
laws;

(r) the Subscriber agrees not to engage
in any hedging transactions involving any of the Securities unless such transactions are in compliance with the provisions of the 1933
Act and in each case only in accordance with applicable state securities laws;

 

    		4	

    	 

    

 

(s) the Subscriber (i) is able to fend
for itself in the Subscription; (ii) has such knowledge and experience in financial and business matters as to be capable of evaluating
the merits and risks of its investment in the Securities and the Company; and (iii) has the ability to bear the economic risks of its
prospective investment and can afford the complete loss of such investment;

(t) the Subscriber will indemnify the
Company against, and will hold the Company and, where applicable, its respective directors, officers, employees, agents, advisors and
shareholders harmless from, any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and
all fees, costs and expenses whatsoever reasonably incurred in investigating, preparing or defending against any claim, lawsuit, administrative
proceeding or investigation whether commenced or threatened) arising out of or based upon any representation or warranty of the Subscriber
contained herein or in any document furnished by the Subscriber to the Company in connection herewith being untrue in any material respect
or any breach or failure by the Subscriber to comply with any covenant or agreement made by the Subscriber to the Company in connection
therewith;

(u) the Subscriber is not aware of
any advertisement of any of the Securities and is not acquiring the Securities as a result of any form of general solicitation or general
advertising including advertisements, articles, notices or other communications published in any newspaper, magazine or similar media
or broadcast over radio or television, or any seminar or meeting whose attendees have been invited by general solicitation or general
advertising; and

(v) no person has made to
the Subscriber any written or oral representations:

(i) that any person will resell
or repurchase any of the Securities,

(ii) that any person will
refund the purchase price of any of the Securities,

(iii) as to the future price
or value of any of the Securities, or

(iv) that any of the Securities will
be listed and posted for trading on any stock exchange or automated dealer quotation system or that application has been made to list
and post any of the Securities of the Company on any stock exchange or automated dealer quotation system, except that currently the Company’s
common shares are quoted on any exchange once the Company has obtained approval from the SEC.

 

		6.2	In this Subscription Agreement, the term “U.S. Person” shall have the meaning ascribed thereto
in Regulation S.

 

		7.	Acknowledgement and Waiver

 

		7.1	The Subscriber has acknowledged that the decision to purchase the Securities was solely made on the basis
of information available to the Subscriber by the Company.  The Subscriber hereby waives, to the fullest extent permitted by law,
any rights of withdrawal, rescission or compensation for damages to which the Subscriber might be entitled in connection with the distribution
of the Securities.

 

		8.	Legending of Subject Securities

 

		8.1	The Subscriber hereby acknowledges that that upon the issuance thereof, and until such time as the same
is no longer required under the applicable securities laws and regulations, the certificates representing any of the Securities will bear
a legend in substantially the following form:

 

“THESE SECURITIES WERE ISSUED
IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED (THE “1933 ACT”).  

 

ACCORDINGLY, NONE OF THE SECURITIES
TO WHICH THIS CERTIFICATE RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED,
NONE MAY BE OFFERED OR SOLD IN THE UNITED STATES (AS DEFINED HEREIN) OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS
INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE 1933 ACT. “UNITED STATES" AND "U.S. PERSON"
ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT.”

 

    		5	

    	 

    

 

		8.2	The Subscriber hereby acknowledges and agrees to the Company making a notation on its records or giving
instructions to the registrar and transfer agent of the Company in order to implement the restrictions on transfer set forth and described
in this Subscription Agreement.

 

		9.	Costs

 

		9.1	The Subscriber acknowledges and agrees that all costs and expenses incurred by the Subscriber (including
any fees and disbursements of any special counsel retained by the Subscriber) relating to the purchase of the Note or to the conversion
of the Note or the Conversion Shares shall be borne by the Subscriber.

 

		10.	Governing Law

 

		10.1	This Subscription Agreement is governed by the laws of the State of New York and the federal laws applicable
thereto. The Subscriber, in its personal or corporate capacity and, if applicable, on behalf of each beneficial purchaser for whom it
is acting, irrevocably attorns to the jurisdiction of the courts of the Hong Kong Special Administrative Region.

 

		11.	Survival

 

		11.1	This Subscription Agreement, including without limitation the representations, warranties and covenants
contained herein, shall survive and continue in full force and effect and be binding upon the parties hereto notwithstanding the completion
of the purchase of the Note by the Subscriber pursuant hereto.

 

		12.	Assignment and Transfer

 

		12.1	This Subscription Agreement is assignable and transferrable.

 

		12.2	Subscriber and new holder shall duly complete and sign the NOTICE OF SALES OR TRANSFER as attached hereto
ANNEX B and deliver the Company within five (5) calendar days.

 

		13.	Severability

 

		13.1	The invalidity or unenforceability of any particular provision of this Subscription Agreement shall not
affect or limit the validity or enforceability of the remaining provisions of this Subscription Agreement.

 

		14.	Entire Agreement

 

		14.1	Except as expressly provided in this Subscription Agreement and in the agreements, instruments and other
documents contemplated or provided for herein, this Subscription Agreement contains the entire agreement between the parties with respect
to the sale of the Securities and there are no other terms, conditions, representations or warranties, whether expressed, implied, oral
or written, by statute or common law, by the Company or by anyone else. This subscription may only be amended by instrument in writing
signed by the parties hereto.

 

		15.	Notices

 

		15.1	All notices and other communications hereunder shall be in writing and shall be deemed to have been duly
given if mailed or transmitted by any standard form of telecommunication.  Notices to the Subscriber shall be directed to the address
on the signature page of this Subscription Agreement and notices to the Company shall be directed to it NETWORK CN INC. (the “Company”)
at 3/F, D.J. Securities Building, 171 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong., Attention: C.E.O.

 

    		6	

    	 

    

 

		16.	Counterparts and Electronic Means

 

		16.1	This Subscription Agreement may be executed in any number of counterparts, each of which, when so executed
and delivered, shall constitute an original and all of which together shall constitute one instrument.  Delivery of an executed copy
of this Subscription Agreement by electronic facsimile transmission or other means of electronic communication capable of producing a
printed copy will be deemed to be execution and delivery of this Subscription Agreement as of the date hereinafter set forth.

 

		17.	Registration Instructions

 

		17.1	The Subscriber hereby directs the Company to cause any Note issued pursuant to this Subscription Agreement
to be registered on the books of the Company as directed on the signature page of this Agreement.

 

 

IN WITNESS WHEREOF the Subscriber has duly
executed this Subscription Agreement as of the date of acceptance by the Company.

 

(Name of Subscriber – WONG YUK
CHOR)

 

 

 

 

	 	 
	(Signature and, if applicable, Office)     	 

 

(Address of Subscriber – Flat C, 7/F., 114
Broadway Street, Mei Foo Sun Chuen, Kowloon, Hong Kong)

(Country of Subscriber – Hong Kong Special
Administrative Region, People’s Republic of China)

	 	 
	(Fax and/or E-mail Address of Subscriber )     	 

 

 

Registration Information (if different from
above)

(Name of Subscriber – _______________)

 

 

	 	 
	(Signature and, if applicable, Office)     	 

 

(Address of Subscriber)

(Country of Subscriber)

	 	 
	(Fax and/or E-mail Address of Subscriber)     	 

 

    		7	

    	 

    

 

A C C E P T A N C E

 

The above-mentioned Subscription Agreement in
respect of the Note is hereby accepted by NETWORK CN INC..

 

DATED at the 18th day of January, 2022.

 

NETWORK CN INC.

Earnest Leung, C.E.O.

 

 

 

	 	 
	Authorized Signatory     	 

 

    		8	

    	 

    

 

Exhibit 1

 

Form of Convertible Note

 

    		1	

    	 

    

 

Exhibit 2

 

Bank information of the Company

 

	Beneficiary Bank: 	HSBC Hong Kong
	‎Beneficiary Bank Address:	1 Queen's Road Central, Hong Kong
	Beneficiary A/C Name:	
    NCN Group Limited

    (a wholly owned subsidiary of Network CN Inc.)

	Bank Code:	004
	Beneficiary A/C No.:	126-535913-838
	SWIFT code of beneficiary bank	HSBCHKHHHKH

 

 

1

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