Document:

EXHIBIT 4.1

 

DHI
GROUP, INC. 2022 OMNIBUS EQUITY AWARD PLAN

 

DHI Group, Inc.

2022 Omnibus Equity Award Plan

 

1.                  
Purpose. The purpose of the DHI Group, Inc. 2022 Omnibus Equity Award Plan is to provide a means through which
the Company and its Affiliates may attract and retain key personnel, including the services of experienced and knowledgeable non-executive
directors, and to provide a means whereby directors, officers, employees, consultants and advisors (and prospective directors, officers,
employees, consultants and advisors) of the Company and its Affiliates can acquire and maintain an equity interest in the Company, or
be paid incentive compensation, including but not limited to incentive compensation measured by reference to the value of Common Stock
or the results of operations of the Company, thereby strengthening their commitment to the welfare of the Company and its Affiliates and
aligning their interests with those of the Company’s shareholders. This Plan document is an omnibus document which includes, in
addition to the Plan, separate sub-plans (“Sub-Plans”) that permit offerings of grants to employees of certain Designated
Foreign Subsidiaries. Offerings under the Sub-Plans may be made in particular locations outside the United States of America and shall
comply with local laws applicable to offerings in such foreign jurisdictions. The Plan shall be a separate and independent plan from the
Sub-Plans, but the total number of shares of Common Stock authorized to be issued under the Plan applies in the aggregate to both the
Plan and the Sub-Plans.

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

(a)               
“Affiliate” means (i) any person or entity that directly or indirectly controls, is controlled by or is under
common control with the Company and/or (ii) to the extent provided by the Committee, any person or entity in which the Company has a significant
interest. The term “control” (including, with correlative meaning, the terms “controlled by” and “under
common control with”), as applied to any person or entity, means the possession, directly or indirectly, of the power to direct
or cause the direction of the management and policies of such person or entity, whether through the ownership of voting or other securities,
by contract or otherwise.

(b)               
“Award” means, individually or collectively, any Incentive Stock Option, Nonqualified Stock Option, Stock Appreciation
Right, Restricted Stock, Restricted Stock Unit, Other Stock-Based Award and Performance Compensation Award granted under the Plan. For
purposes of Section 5(c) of the Plan, “Award” and “Award under the Plan” shall also mean any stock-based award
granted under a Prior Plan and outstanding on the Effective Date.

(c)               
“Beneficial Owner” has the meaning set forth in Rule 13d-3 promulgated under Section 13 of the Exchange
Act.

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

(e)               
“Cause” means, in the case of a particular Award, unless the applicable Award agreement states otherwise, (i) 
the Company or an Affiliate having “cause” to terminate a Participant’s employment or service, as defined in any employment,
consulting, change in control, severance or any other agreement between the Participant and the Company or an Affiliate in effect at the
time of such termination or (ii) in the absence of any such employment, consulting, change in control, severance or other agreement
(or the absence of any definition of “cause” or term of similar import therein), (A) the Participant has failed to follow
the lawful instructions of the Board or his or her direct superiors, in each case other than as a result of his or her incapacity due
to physical or mental illness or injury, and such failure has resulted in, or could reasonably be expected to result in harm (whether
financially, reputationally or otherwise) to the Company or an Affiliate (B) the Participant has engaged in conduct harmful (whether
financially, reputationally or otherwise) to the Company or an Affiliate (C) the Participant having been convicted of, or plead guilty
or no contest to, a felony or any crime involving as a material element fraud or dishonesty, (D) the willful misconduct or gross
neglect of the Participant that has resulted in or could reasonably be expected to result in harm (whether financially, reputationally
or otherwise) to the Company or an Affiliate, (E) the willful violation by the Participant of the written policies of the Company or any
of its Affiliates, that has resulted in or could reasonably be expected to result in harm (whether financially, 

    	 	 	 

     

    

reputationally or otherwise)
to the Company or an Affiliate; (F) the Participant’s fraud or misappropriation, embezzlement or misuse of funds or property belonging
to the Company (other than good faith expense account disputes); (G) the Participant’s act of personal dishonesty which involves
personal profit in connection with the Participant’s employment or service with the Company or an Affiliate, or (H) the willful
breach by the Participant of fiduciary duty owed to the Company or an Affiliate; provided, however, that the Participant
shall be provided a 10-day period to cure any of the events or occurrences described in the immediately preceding clause (A) hereof, to
the extent capable of cure during such 10-day period. Any determination of whether Cause exists shall be made by the Committee in its
sole discretion.

(f)                
“Change in Control” shall, in the case of a particular Award, unless the applicable Award agreement (or any
employment, consulting, change in control, severance or other agreement between a Participant and the Company or an Affiliate) states
otherwise or contains a different definition of “Change in Control,” be deemed to occur upon:

(i)                
the acquisition by any Person other than Quadrangle Capital Partners II LP (“Quadrangle”), General Atlantic
Partners 79, L.P. (“General Atlantic”) or their respective Affiliates (each, individually an “Investor”
and collectively, the “Investors”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under
the Exchange Act) of 50% or more (on a fully diluted basis) of either (A) the then outstanding shares of Common Stock taking into
account as outstanding for this purpose such 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 Common Stock (the “Outstanding Company 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 (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this
Plan, the following acquisitions shall not constitute a Change in Control: (I) any acquisition by the Company, or (II) any acquisition
by any employee benefit plan sponsored or maintained by the Company; provided, however, that the foregoing exception for
acquisitions by Quadrangle or General Atlantic, as applicable, shall cease to apply with respect to such Investor after the date on which
such Investor ceases to have beneficial ownership of at least 10% of the Outstanding Company Common Stock;

(ii)              
individuals who, during any consecutive 24-month 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
date hereof, 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;

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(iii)            
the approval by the shareholders of the Company of a plan of complete dissolution or liquidation of the Company; or

(iv)             
the consummation of a reorganization, recapitalization, merger, consolidation, statutory share exchange or similar form of corporate
transaction involving the Company (a “Business Combination”), or sale, transfer or other disposition of all or substantially
all of the business or assets of the Company to an entity that is not an Affiliate of the Company (a “Sale”), that
in each case requires the approval of the Company’s stockholders (whether for such Business Combination or Sale or the issuance
of securities in such Business Combination or Sale), unless immediately following such Business Combination or Sale: (A) more than 50%
of the total voting power of (x) the entity resulting from such Business Combination or the entity which has acquired all or substantially
all of the business or assets of the Company in a Sale (in either case, the “Surviving Company”), or (y) if applicable,
the ultimate parent entity that directly or indirectly has beneficial ownership of sufficient voting securities eligible to elect a majority
of the board of directors (or the analogous governing body) of the Surviving Company (the “Parent Company”), is represented
by the Outstanding Company Voting Securities that were outstanding immediately prior to such Business Combination or Sale (or, if applicable,
is represented by shares into which the Outstanding Company Voting Securities were converted pursuant to such Business Combination or
Sale), and such voting power among the holders thereof is in substantially the same proportion as the voting power of the Outstanding
Company Voting Securities among the holders thereof immediately prior to the Business Combination or Sale, (B) no Person (other than any
Investor or any employee benefit plan sponsored or maintained by the Surviving Company or the Parent Company), is or becomes the beneficial
owner, directly or indirectly, of 50% or more of the total voting power of the outstanding voting securities eligible to elect members
of the board of directors (or the analogous governing body) of the Parent Company (or, if there is no Parent Company, the Surviving Company)
and (C) at least a majority of the members of the board of directors (or the analogous governing body) of the Parent Company (or, if there
is no Parent Company, the Surviving Company) following the consummation of the Business Combination or Sale were Board members at the
time of the Board’s approval of the execution of the initial agreement providing for such Business Combination or Sale.

(g)               
“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.

(h)               
“Committee” means the Compensation Committee of the Board or subcommittee thereof if required with respect to
actions taken to obtain the exception for performance-based compensation under Section 162(m) of the Code or to comply with Rule
16b-3 of the Exchange Act in respect of Awards or, if no such Compensation Committee or subcommittee thereof exists, the Board.

(i)                
“Common Stock” means the common stock, par value $0.01 per share, of the Company (and any stock or other securities
into which such common stock may be converted or into which it may be exchanged).

(j)                
“Company” means DHI Group, Inc., a Delaware corporation, and any successor thereto.

(k)               
“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 or, if there is no such date, the date indicated on the applicable Award agreement.

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

(m)             
“Disability” means, unless in the case of a particular Award the applicable Award agreement states otherwise,
the Company or an Affiliate having cause to terminate a Participant’s employment or service on account of “disability,”
as defined in any then-existing employment, consulting, change in control, severance or other agreement between the Participant and the
Company or an Affiliate or, in the absence of such an employment, consulting, change in control, severance or other agreement (or in the
absence of any definition of “disability” or term of similar import therein), a Participant’s total disability as defined
below and (to the extent required by Section 409A of the Code) determined in a manner consistent with Section 409A of the Code and the
regulations thereunder:

(i)                
The Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental
impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months.

(ii)              
A Participant will be deemed to have suffered a Disability if determined to be totally disabled by the Social Security Administration.
In addition, the Participant will be deemed to have suffered a Disability if determined to be disabled in accordance with a disability
insurance program maintained by the Company.

(n)                “Effective
Date” means July 13, 2022, the date the Plan was approved by the shareholders of the Company.

(o)               
“Eligible Director” means a person who is (i) a “non-employee director” within the meaning
of Rule 16b-3 under the Exchange Act, (ii) an “outside director” within the meaning of Section 162(m) of the
Code and (iii) an “independent director” under the rules of the NYSE or any other securities exchange or inter-dealer quotation
system on which the Common Stock is listed or quoted, or a person meeting any similar requirement under any successor rule or regulation.

(p)               
“Eligible Person” means any (i) individual employed by the Company or an Affiliate who satisfies all of
the requirements of Section 6 of the Plan; 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 the Company or an Affiliate; (iii) consultant
or advisor to the Company or an Affiliate who may be offered securities registrable on Form S-8 under the Securities Act; or (iv)
any prospective employees, directors, officers, consultants or advisors who have accepted offers of employment or consultancy from the
Company or its Affiliates (and would satisfy the provisions of clauses (i) through (iii) above once he or she begins employment with or
providing services to the Company or its Affiliates).

(q)               
“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.

(r)                
“Exercise Price” has the meaning given such term in Section 7(b) of the Plan.

(s)                
“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 

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exchange on which the Common Stock is listed and traded
on such date, or, if there is no such sale on that date, then on the last preceding date on which such a sale was 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, or if the Committee determines in its sole discretion that the shares of Common
Stock are too thinly traded for Fair Market Value to be determined pursuant to clause (i) or (ii), the amount determined by the Committee
in good faith to be the fair market value of the Common Stock.

(t)                
“Immediate Family Members” shall have the meaning set forth in Section 15(b)(ii) of the Plan.

(u)               
“Incentive Stock Option” means an Option which 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.

(v)               
“Indemnifiable Person” shall have the meaning set forth in Section 4(f) of the Plan.

(w)             
“Investor” and “Investors” have the meaning given such term in the definition of “Change
in Control”.

(x)               
“Negative Discretion” shall mean the discretion authorized by the Plan to be applied by the Committee to eliminate
or reduce the size of a Performance Compensation Award consistent with Section 162(m) of the Code.

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

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

(aa)            
“NYSE” means the New York Stock Exchange.

(bb)           
“Option” means an Award granted under Section 7 of the Plan.

(cc)            
“Option Period” has the meaning given such term in Section 7(c) of the Plan.

(dd)           
“Other Stock-Based Award” means an Award granted under Section 10 of the Plan.

(ee)            
“Participant” means an Eligible Person who has been selected by the Committee to participate in the Plan and
to receive an Award pursuant to Section 6 of the Plan.

(ff)              
“Performance Compensation Award” shall mean any Award designated by the Committee as a Performance Compensation
Award pursuant to Section 11 of the Plan.

(gg)           
“Performance Criteria” shall mean the criterion or criteria that the Committee shall select for purposes of
establishing the Performance Goal(s) for a Performance Period with respect to any Performance Compensation Award under the Plan.

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(hh)           
“Performance Formula” shall mean, for a Performance Period, the one or more objective formulae applied against
the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all,
some portion or none of the Performance Compensation Award has been earned for the Performance Period.

(ii)              
“Performance Goals” shall mean, for a Performance Period, the one or more goals established by the Committee
for the Performance Period based upon the Performance Criteria.

(jj)              
“Performance Period” shall mean the one or more periods of time, as the Committee may select, over which the
attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment
of, a Performance Compensation Award.

(kk)           
“Permitted Transferee” shall have the meaning set forth in Section 15(b)(ii) of the Plan.

(ll)              
“Person” has the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d)
and 14(d) thereof, except that such term shall not include (i) the Company or any of its subsidiaries, (ii) a trustee or other
fiduciary holding securities under an employee benefit plan of the Company or any of its Affiliates, (iii) an underwriter temporarily
holding securities pursuant to an offering of such securities, or (iv) a corporation owned, directly or indirectly, by the stockholders
of the Company in substantially the same proportions as their ownership of Common Stock of the Company.

(mm)       
“Plan” means this DHI Group, Inc. 2022 Omnibus Equity Award Plan.

(nn)           
“Prior Plan” shall mean the DHI Group, Inc. 2012 Omnibus Equity Award Plan.

(oo)           
“Released Unit” shall have the meaning assigned to it in Section 9(f)(ii) of the Plan.

(pp)           
“Restricted Period” means the period of time determined by the Committee during which an Award or a portion
thereof is subject to restrictions or, as applicable, the period of time within which performance is measured for purposes of determining
whether an Award has been earned.

(qq)           
“Restricted Stock” means Common Stock, subject to certain specified restrictions (including, without limitation,
a requirement that the Participant remain continuously employed or provide continuous services for a specified period of time), granted
under Section 9 of the Plan.

(rr)              
 “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 (including, without limitation, a requirement that the Participant remain
continuously employed or provide continuous services for a specified period of time), granted under Section 9 of the Plan.

(ss)             
“SAR Period” has the meaning given such term in Section 8(c) of the Plan.

(tt)              
“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.

(uu)           
“Stock Appreciation Right” or “SAR” means an Award granted under Section 8 of the Plan.

(vv)           
“Strike Price” has the meaning given such term in Section 8(b) of the Plan.

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(ww)        
“Substitute Award” has the meaning given such term in Section 5(e) of the Plan.

(xx)           
“Sub-Plans” has the meaning given such term in Section 1 of the Plan.

(yy)           
“Vesting Commencement Date” has the meaning given such term in an applicable Award agreement under the Plan.

3.                  
Effective Date; Duration. The Plan shall be effective as of the Effective Date. The expiration date of the Plan
shall be July 13, 2032 (the tenth anniversary of the date that the Plan was approved by the shareholders of the Company), on and
after which date no Awards may be granted hereunder; 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) The Committee shall administer the Plan. The majority of the members of the Committee shall
constitute a quorum. The acts of a majority of the members present at any meeting at which a quorum is present or acts approved in writing
by a majority of the Committee shall be deemed the acts of the Committee. 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) or necessary to obtain the exception
for performance-based compensation under Section 162(m) of the Code, or any exception or exemption under the rules of the NYSE or any
other securities exchange or inter-dealer quotation system on which the Common Stock is listed or quoted, as applicable, it is intended
that each member of the Committee shall, at the time he or she takes any action with respect to an Award under the Plan, be an Eligible
Director. However, the fact that a Committee member shall fail to qualify as an Eligible Director shall not invalidate any Award granted
or action taken by the Committee that is otherwise validly granted or taken under the Plan.

(b)               
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; (v) determine whether, to what extent, and under what circumstances Awards may be settled or exercised in
cash, shares of 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) accelerate the vesting, delivery or exercisability
of, payment for or lapse of restrictions on, or waive any condition in respect of, Awards; and (x) make any other determination and
take any other action that the Committee deems necessary or desirable for the administration of the Plan.

(c)               
Except to the extent prohibited by applicable law or the applicable rules and regulations of any securities exchange or inter-dealer
quotation system on which the Common Stock is listed or quoted, 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. 

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Without limiting the generality of the
foregoing, the Committee may delegate to one or more officers of the Company or any Affiliate 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 as a matter of law, except for grants of Awards to persons (i) who are non-employee members of the Board
or otherwise are subject to Section 16 of the Exchange Act or (ii) who are, or who are reasonably expected to be, “covered
employees” for purposes of Section 162(m) of the Code.

(d)               
The Committee shall have the authority to amend the Plan (including by the adoption of appendices or subplans) and/or the terms
and conditions relating to an Award to the extent necessary to permit participation in the Plan by Eligible Persons who are located outside
of the United States on terms and conditions comparable to those afforded to Eligible Persons located within the United States; provided,
however, that no such action shall be taken without shareholder approval if such approval is necessary to comply with any tax or
regulatory requirement applicable to the Plan (including as necessary to prevent the Company from being denied a tax deduction on account
of Section 162(m) of the Code).

(e)               
Unless otherwise expressly provided in the Plan, all designations, determinations, interpretations, and other decisions under or
with respect to the Plan or any Award or any documents evidencing Awards granted pursuant to the Plan 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 or entities, including, without
limitation, the Company, any Affiliate, any Participant, any holder or beneficiary of any Award, and any shareholder of the Company.

(f)                
No member of the Board, the Committee or any employee or agent of the Company (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 or a willful criminal act or omission). Each Indemnifiable Person shall be indemnified and held harmless by
the Company 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 under the Plan or any Award agreement and against and from any and all amounts paid by such Indemnifiable Person with the Company’s
approval (not to be unreasonably withheld), 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 or omissions or determinations of such Indemnifiable Person giving rise to the indemnification claim resulted from such
Indemnifiable Person’s fraud or willful criminal act or omission or that such right of indemnification is otherwise prohibited by
law or by the Company’s Certificate of Incorporation or Bylaws. 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 the Company’s
Certificate of Incorporation or Bylaws, as a matter of law, individual indemnification agreement or contract or otherwise, or any other
power that the Company may have to indemnify such Indemnifiable Persons or hold them harmless.

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(g)               
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 the applicable
rules of the NYSE or any other securities exchange or inter-dealer quotation system on which the Common Stock is listed or quoted. 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) The Committee may, from time to time, grant Options,
Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Other Stock-Based Awards and/or Performance Compensation Awards to
one or more Eligible Persons.

(b)               
Awards granted under the Plan shall be subject to the following limitations: (i) subject to Section 12 of the Plan and subsection
(e) below, no more than 2,059,877 shares of Common Stock plus any shares of Common Stock that are available for issuance under the Prior
Plan as of the Effective Date or that become available after the Effective Date for issuance upon cancellation or expiration of awards
granted under the Prior Plan to the extent not exercised or settled, may be delivered in the aggregate pursuant to Awards granted under
the Plan; (ii) subject to Section 12 of the Plan, no more than 2,000,000 shares of Common Stock may be subject to grants of Options
or SARs under the Plan to any single Participant during any 12-month period; (iii) subject to Section 12 of the Plan, no more than
3,000,000 shares of Common Stock may be delivered pursuant to the exercise of Incentive Stock Options granted under the Plan; (iv)
subject to Section 12 of the Plan, no more than 1,000,000 shares of Common Stock may be delivered in respect of Performance Compensation
Awards denominated in shares of Common Stock granted pursuant to Section 11 of the Plan to any Participant for a single Performance Period
(or with respect to each single fiscal year in the event a Performance Period extends beyond a single fiscal year), or in the event such
Performance Compensation Award is paid in cash, other securities, other Awards or other property, no more than the Fair Market Value of
1,000,000 shares of Common Stock on the last day of the Performance Period to which such Award relates; (v) the maximum amount that
can be paid to any individual Participant for a single fiscal year during a Performance Period (or with respect to each single year in
the event a Performance Period extends beyond a single year) pursuant to a Performance Compensation Award denominated in cash described
in Section 11(a) of the Plan shall be $5,000,000 and (vi) subject to Section 12 of the Plan, the aggregate Awards granted to any one Non-Employee
Director in respect of any single fiscal year of the Company, solely with respect to his or her service on the Board, may not exceed $750,000
based on (x) the aggregate value of all Awards denominated in cash and (y) the Fair Market Value of all Awards denominated in Common Stock,
in each case as determined on the Date of Grant (provided that with respect to Non-Employee Director fees payable in cash, if a Non-Employee
Director elects to receive such fees in an Award or Awards denominated in Common Stock, then such fees and the Award or Awards in lieu
thereof shall not count against such $750,000 limit).

(c)               
Shares of Common Stock shall be deemed to have been used in settlement of Awards whether or not they are actually delivered; provided,
however, that if the Fair Market Value equivalent of such shares is paid in cash such shares shall again become available for other
Awards under the Plan. In addition, shares of Common Stock issued upon exercise, vesting or settlement of an Award, or shares of Common
Stock owned by a Participant are surrendered or tendered to the Company (either directly or by means of attestation) in payment of the
Exercise Price of an Award or any taxes required to be withheld in respect of an Award, in each case, in accordance with the terms and
conditions of the Plan and any applicable Award agreement, such surrendered or tendered shares shall again become available for other
Awards under the Plan; provided, however, that in no event shall such shares increase the number of shares of Common Stock
that may be delivered pursuant to Incentive Stock Options granted under the Plan. In accordance with (and without limitation upon) the
preceding sentence, if and to the extent an Award under the Plan expires, terminates or is canceled or forfeited for any reason whatsoever,
including if shares are not issued on the settlement of SARs, without the Participant having received any benefit 

    	 	9	 

     

    

therefrom, the shares
covered by such Award shall again become available for other Awards under the Plan. For purposes of the foregoing sentence, a Participant
shall not be deemed to have received any “benefit” (i) in the case of forfeited Restricted Stock by reason of having enjoyed
voting rights and dividend rights prior to the date of forfeiture or (ii) in the case of an Award canceled by reason of a new Award being
granted in substitution therefor.

(d)               
Shares of Common Stock delivered by the Company in settlement of Awards may be authorized and unissued shares, shares held in the
treasury of the Company, shares purchased on the open market or by private purchase, or a combination of the foregoing. Following the
Effective Date, no further awards shall be granted under any Prior Plan, provided that the Plan is approved by shareholders on the Effective
Date.

(e)               
Subject to Section 14(b), 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 or an entity directly or indirectly acquired by the Company or with which the
Company combines (“Substitute Awards”). The number of shares of Common Stock underlying any Substitute Awards shall
not be counted against the aggregate number of shares of Common Stock available for Awards under the Plan; provided, further,
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 that were previously granted by an entity that is
acquired by the Company or any Affiliate through a merger or acquisition 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 delivery under the Plan.

6.                  
Eligibility. Participation shall be limited to Eligible Persons who have entered into an Award agreement or who
have received written notification from the Committee, or from a person designated by the Committee, that they have been selected to participate
in the Plan.

7.                  
Options. (a) Generally. Each Option granted under the Plan shall be evidenced by an Award agreement. Each
Option 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. 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 the Company and its Affiliates, 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 shareholders of the Company in a manner intended to comply with the shareholder
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 

    	 	10	 

     

    

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 the Company or any Affiliate,
the Exercise Price per share shall be no less than 110% of the Fair Market Value per share on the Date of Grant. Any modification to the
Exercise Price of an outstanding Option shall be subject to the prohibition on repricing set forth in Section 14(b) of the Plan.

(c)               
Vesting and Expiration.

(i)                
Options shall vest and become exercisable in such manner and on such date or dates determined by the Committee and shall expire
after such period, not to exceed ten years, as may be determined by the Committee (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 shares of Common
Stock is prohibited by the Company’s insider trading policy (or Company-imposed “blackout period”) or otherwise prohibited
by law, the Option Period shall be automatically extended until the 30th day following the expiration of such prohibition but
only to the extent such extension would not violate Section 409A; provided, however, that 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 the Company or any Affiliate; provided, further,
that notwithstanding any vesting or exercisability dates set by the Committee, the Committee may, in its sole discretion, accelerate the
vesting and/or exercisability of any Option, which acceleration shall not affect the terms and conditions of such Option other than with
respect to vesting and/or exercisability.

(ii)              
Notwithstanding anything to the contrary in the Plan, except as otherwise provided in the applicable Award Agreement or any applicable
employment, consulting, change in control, severance or other agreement between a Participant and the Company or an Affiliate:

		(A)	an Option shall vest and become exercisable with respect to twenty-five percent (25%) of the shares of Common Stock subject to such
Option on the first anniversary of the Vesting Commencement Date and with respect to an additional six and one-quarter percent (6-1/4%)
on the last day of each three-month period following thereafter;

		(B)	the unvested portion of an Option shall expire upon termination of employment or service of the Participant granted the Option with
the Company and its Affiliates, and the vested portion of such Option shall remain exercisable for (A) one year following termination
of employment or service with the Company and its Affiliates by reason of such Participant’s death or Disability, but not later
than the expiration of the Option Period, or (B) 90 days following termination of employment or service with the Company and its Affiliates
for any reason other than such Participant’s death or Disability, and other than such Participant’s termination of employment
or service with the Company and its Affiliates for Cause, but not later than the expiration of the Option Period; and

		(C)	both the unvested and the vested portion of an Option shall expire upon the termination of the Participant’s employment or service
with the Company and its Affiliates by the Company for Cause.

    	 	11	 

     

    

(d)               
Other Terms and Conditions. Except as specifically provided otherwise in an Award agreement, each Option granted under the
Plan shall be subject to the following terms and conditions:

(i)       Each
Option or portion thereof that is exercisable shall be exercisable for the full amount or for any part thereof.

(ii)       Each
share of Common Stock purchased through the exercise of an Option shall be paid for in full at the time of the exercise. Each Option shall
cease to be exercisable, as to any share, when the Participant purchases the share or when the Option expires.

(iii)       Subject
to Section 15(b) of the Plan, Options shall not be transferable by the Participant except by will or the laws of descent and distribution
and shall be exercisable during the Participant’s lifetime only by the Participant.

(iv)       At
the time of any exercise of an Option, the Committee may, in its sole discretion, require a Participant to deliver to the Committee a
written representation that the shares of Common Stock to be acquired upon such exercise are to be acquired for investment and not for
resale or with a view to the distribution thereof. Upon such a request by the Committee, delivery of such representation prior to the
delivery of any shares issued upon exercise of an Option shall be a condition precedent to the right of the Participant or such other
person to purchase any shares. In the event certificates for shares are delivered under the Plan with respect to which such investment
representation has been obtained, the Committee may cause a legend or legends to be placed on such certificates to make appropriate reference
to such representation and to restrict transfer in the absence of compliance with applicable federal or state securities laws.

(e)               
Method of Exercise and Form of Payment. No shares of Common Stock shall be delivered 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 and employment taxes required to be withheld. Options which have become exercisable
may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party administrator),
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 and all applicable required withholding taxes 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 delivery
of such shares to the Company); provided, that such shares of Common Stock are not subject to any pledge or other security interest;
(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 and all applicable required withholding taxes or (B) if
there is a public market for the shares of 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 deliverable upon the exercise of the Option and to deliver promptly to the
Company an amount equal to the Exercise Price and all applicable required withholding taxes or (C) by means of a “net exercise”
procedure effected by withholding the minimum number of shares of Common Stock otherwise deliverable in respect of an Option that are
needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Common Stock shall be settled
in cash.

(f)                
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 

    	 	12	 

     

    

immediately after the date he makes a disqualifying disposition of any 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 Common Stock before the later of (A) two years after the Date of Grant of the Incentive Stock Option or (B) 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 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 instruction from such Participant as to the sale of such Common Stock.

(g)               
Compliance With 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, or any other applicable law or the applicable
rules and regulations of the Securities and Exchange Commission or the applicable rules and regulations of any securities exchange or
inter-dealer quotation system on which the Common Stock of the Company is listed or quoted.

(h)               
$100,000 Per Year Limitation for Incentive Stock Options. To the extent the aggregate Fair Market Value (determined as of
the Date of Grant) of shares of Common Stock for which Incentive Stock Options are exercisable for the first time by any Participant during
any calendar year (under all plans of the Company) exceeds $100,000, such excess Incentive Stock Options shall be treated as Nonqualified
Stock Options.

8.                  
Stock Appreciation Rights. (a) Generally. 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 8, 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. Any modification to the Strike Price of an outstanding
SAR shall be subject to the prohibition on repricing set forth in Section 14(b) of the Plan.

(c)               
Vesting and Expiration.

(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 and shall
expire in such manner and on such date or dates determined by the Committee and shall expire after such period, not to exceed ten years,
as may be determined by the Committee (the “SAR Period”); provided, however, that notwithstanding any
vesting or exercisability dates set by the Committee, the Committee may, in its sole discretion, accelerate the vesting and/or exercisability
of any SAR, which acceleration shall not affect the terms and conditions of such SAR other than with respect to vesting and/or exercisability.
If the SAR Period would expire at a time when trading in the shares of Common Stock is prohibited by the Company’s insider trading
policy (or the Company-imposed “blackout period”) or otherwise prohibited by law, the SAR Period shall 

    	 	13	 

     

    

be automatically extended
until the 30th day following the expiration of such prohibition but only to the extent such extension would not violate Section
409A.

(ii)              
Notwithstanding anything to the contrary in the Plan, except as otherwise provided in the applicable Award agreement or any applicable
employment, consulting, change-in-control, severance or other agreement between a Participant and the Company or an Affiliate:

		(A)	a SAR shall vest and become exercisable with respect to twenty-five percent (25%) of the shares of Common Stock subject to such SAR
on the first anniversary of the Vesting Commencement Date and with respect to an additional six and one-quarter percent (6-1/4%) on the
last day of each three-month period following thereafter;

		(B)	the unvested portion of a SAR shall expire upon termination of employment or service of the Participant granted the SAR with the Company
and its Affiliates, and the vested portion of such SAR shall remain exercisable for (A) one year following termination of employment or
service with the Company and its Affiliates by reason of such Participant’s death or disability (as determined by the Committee),
but not later than the expiration of the SAR Period or (B) 90 days following termination of employment or service with the Company and
its Affiliates for any reason other than such Participant’s death or disability, and other than such Participant’s termination
of employment or service with the Company and its Affiliates for Cause, but not later than the expiration of the SAR Period; and

		(C)	both the unvested and the vested portion of a SAR shall expire upon the termination of the Participant’s employment or service
with the Company and its Affiliates by the Company for Cause.

(d)               
Other Terms and Conditions. Except as specifically provided otherwise in an Award agreement, each SAR granted under the
Plan shall be subject to the following terms and conditions:

(i)                
Each SAR or portion thereof that is exercisable shall be exercisable for the full amount or for any part thereof.

(ii)              
Subject to Section 15(b) of the Plan, SARs shall not be transferable by the Participant except by will or the laws of descent and
distribution and shall be exercisable during the Participant’s lifetime only by the Participant.

(iii)            
At the time of any exercise of a SAR, the Committee may, in its sole discretion, require a Participant to deliver to the Committee
a written representation that the shares of Common Stock to be acquired upon such exercise are to be acquired for investment and not for
resale or with a view to the distribution thereof. Upon such a request by the Committee, delivery of such representation prior to the
delivery of any shares issued upon exercise of a SAR shall be a condition precedent to the right of the Participant or such other person
to purchase any shares. In the event certificates for shares are delivered under the Plan with respect to which such investment representation
has been obtained, the Committee may cause a legend or legends to be placed on such certificates to make appropriate reference to such
representation and to restrict transfer in the absence of compliance with applicable federal or state securities laws.

    	 	14	 

     

    

(e)               
Method of Exercise. SARs which have become exercisable may be exercised by delivery of written (or electronic notice or
telephonic instructions to the extent provided by the Committee) of exercise to the Company or its designee (including a third party administrator)
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.
Notwithstanding the foregoing, if on the last day of the Option Period (or in the case of a SAR independent of an Option, the SAR Period),
the Fair Market Value exceeds the Strike Price, the Participant has not exercised the SAR or the corresponding Option (if applicable),
and neither the SAR nor the corresponding Option (if applicable) has expired, such SAR shall be deemed to have been exercised by the Participant
on such last day and the Company shall make the appropriate payment therefor.

(f)                
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 are being exercised multiplied by the excess, if any, 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 and employment taxes required to be
withheld. 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 shares of Common Stock shall be settled in cash.

(g)               
Substitution of SARs for Nonqualified Stock Options. The Committee shall have the authority in its sole discretion to substitute,
without the consent of the affected Participant or any holder or beneficiary of SARs, SARs settled in shares of Common Stock (or settled
in shares or cash in the sole discretion of the Committee) for outstanding Nonqualified Stock Options, provided that (i) the substitution
shall not otherwise result in a modification of the terms of any such Nonqualified Stock Option, (ii) the number of shares of Common Stock
underlying the substituted SARs shall be the same as the number of shares of Common Stock underlying such Nonqualified Stock Options and
(iii) the Strike Price of the substituted SARs shall be equal to the Exercise Price of such Nonqualified Stock Options; provided,
however, that if, in the opinion of the Company’s independent public auditors, the foregoing provision creates adverse accounting
consequences for the Company, such provision shall be considered null and void.

9.                  
Restricted Stock and Restricted Stock Units. (a) Generally. Each grant of Restricted Stock and Restricted
Stock Units shall be evidenced by an Award agreement. Each Restricted Stock and Restricted Stock Unit grant shall be subject to the conditions
set forth in this Section 9, and to such other conditions not inconsistent with the Plan as determined by the Committee and may be
reflected in the applicable Award agreement. The Committee shall establish restrictions applicable to such Restricted Stock and Restricted
Stock Units, including the Restricted Period, and the time or times at which Restricted Stock or Restricted Stock Units shall be granted
or become vested. The Committee may in its sole discretion accelerate the vesting and/or the lapse of any or all of the restrictions on
the Restricted Stock and Restricted Stock Units which acceleration shall not affect any other terms and conditions of such Awards.

(b)               
Stock Certificates; Escrow or Similar Arrangement. Upon the grant of Restricted Stock, the Committee 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 delivered to the Participant
pending vesting and 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 15(a) of the Plan or as otherwise determined by the Committee) an agreement 

    	 	15	 

     

    

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 9 and the applicable Award agreement, the Participant generally
shall have the rights and privileges of a shareholder as to such Restricted Stock, including without limitation the right to vote such
Restricted Stock (provided that any dividends payable on such shares of Restricted Stock shall be held by the Company and delivered (without
interest) to the Participant within 15 days following the date on which the 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)). The
Committee shall also be permitted to cause a stock certificate registered in the name of the Participant to be issued. 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,
and all rights of the Participant to such shares and as a shareholder with respect thereto shall terminate without further obligation
on the part of the Company.

(c)               
Vesting; Acceleration of Lapse of Restrictions. Unless otherwise provided by the Committee in an Award agreement or any
applicable employment, consulting, change in control, severance or other agreement between a Participant and the Company or an Affiliate:
(i) the Restricted Period shall lapse with respect to twenty-five percent (25%) of the Restricted Stock and Restricted Stock Units on
the first anniversary of the Vesting Commencement Date and with respect to an additional six and one-quarter percent (6-1/4%) on the last
day of each three-month period thereafter; and (ii) the unvested portion of Restricted Stock and Restricted Stock Units shall terminate
and be forfeited upon termination of employment or service of the Participant granted the applicable Award. The Committee may in its sole
discretion accelerate the lapse of any or all of the restrictions on the Restricted Stock and Restricted Stock Units which acceleration
shall not affect any other terms and conditions of such Awards.

(d)               
 Restricted Stock Units: No shares shall be issued at the time an Award of Restricted Stock Units is made, and the Company
will not be required to set aside a fund for the payment of any such Award. At the discretion of the Committee, each Restricted Stock
Unit (representing one share of Common Stock) awarded to a Participant may be credited with cash and stock dividends paid in respect of
one share of Common Stock (“Dividend Equivalents”). Subject to Section 15(c) of the Plan, at the discretion of the
Committee, Dividend Equivalents may be either currently paid to the Participant or withheld by the Company for the Participant’s
account, and interest may be credited on the amount of cash Dividend Equivalents withheld at a rate and subject to such terms as determined
by the Committee. Dividend Equivalents credited to a Participant’s account and attributable to any particular Restricted Stock Unit
(and earnings thereon, if applicable) shall be distributed to the Participant upon settlement of such Restricted Stock Unit and, if such
Restricted Stock Unit is forfeited, the Participant shall have no right to such Dividend Equivalents.

(e)               
Restrictions; Forfeiture: (i) Restricted Stock awarded to a Participant shall be subject to forfeiture until the expiration
of the Restricted Period and the attainment of any other vesting criteria established by the Committee, and to the following provisions
in addition to such other terms and conditions as may be set forth in the applicable Award Agreement: (A) if an escrow arrangement is
used, the Participant shall not be entitled to delivery of the stock certificate; and (B) the shares shall be subject to the restrictions
on transferability set forth in the Award Agreement. In the event of any forfeiture, the stock certificates shall be returned to the Company,
and all rights of the Participant to such shares and as a shareholder shall terminate without further action or obligation on the part
of the Company.

(ii)              
Restricted Stock Units awarded to any Participant shall be subject to forfeiture until the expiration of the Restricted Period
and the attainment of any other vesting criteria established by the Committee, and to such other terms and conditions as may be set forth
in the applicable Award agreement. In the event of any forfeiture, all rights of the Participant to such 

    	 	16	 

     

    

Restricted Stock Units shall
terminate without further action or obligation on the part of the Company.

(iii)            
The Committee shall have the authority to remove any or all of the restrictions on the Restricted Stock and Restricted Stock Units
whenever it may determine that, by reason of changes in applicable laws or other changes in circumstances arising after the date of the
Restricted Stock Award or Restricted Stock Unit Award, such action is appropriate.

(f)                
Delivery 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 and the attainment of any other vesting
criteria established by the Committee, 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 deliver to the Participant, or his or her beneficiary, without charge a notice evidencing a book entry notation (or,
if applicable, the stock certificate) evidencing the shares of Restricted Stock which have not then been forfeited and with respect to
which the Restricted Period has expired (rounded down to the nearest full share). Dividends, if any, that may have been withheld by the
Committee and attributable to any particular share of Restricted Stock shall be distributed to the Participant in cash or, at the sole
discretion of the Committee, in shares of Common Stock having a Fair Market Value (on the date of distribution) equal to the amount of
such dividends, upon the release of restrictions on such share and, if such share is forfeited, the Participant shall have no right to
such dividends.

(ii)              
Unless otherwise provided by the Committee in an Award agreement, upon the expiration of the Restricted Period and the attainment
of any other vesting criteria established by the Committee, with respect to any outstanding Restricted Stock Units, the Company shall
deliver to the Participant, or his or her beneficiary, without charge, one share of Common Stock (or other securities or other property,
as applicable) for each such outstanding Restricted Stock Unit which has not then been forfeited and with respect to which the Restricted
Period has expired and any other such vesting criteria are attained (“Released Unit”); provided, however,
that the Committee may, in its sole discretion, elect to (i) pay cash or part cash and part Common Stock in lieu of delivering only
shares of Common Stock in respect of such Released Units or (ii) defer the delivery of Common Stock (or cash or part Common Stock
and part cash, 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 delivering shares of Common Stock, the amount of such payment shall
be equal to the Fair Market Value of the Common Stock as of the date on which the Restricted Period lapsed with respect to such Restricted
Stock Units, less an amount equal to any Federal, state, local and non-U.S. income and employment taxes required to be withheld.

(g)               
Legends on Restricted Stock. Each certificate representing Restricted Stock awarded under the Plan, if any, shall bear a
legend 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 Common Stock:

TRANSFER OF THIS CERTIFICATE AND THE SHARES REPRESENTED HEREBY
IS RESTRICTED PURSUANT TO THE TERMS OF THE DHI GROUP, INC. 2022 OMNIBUS EQUITY AWARD PLAN AND A RESTRICTED STOCK AWARD AGREEMENT, DATED
AS OF _____________, BETWEEN DHI GROUP, INC. AND

    	 	17	 

     

    

 __________________. A COPY OF SUCH PLAN AND AWARD AGREEMENT IS ON FILE AT THE PRINCIPAL
EXECUTIVE OFFICES OF DHI GROUP, INC.

10.              
Other Stock-Based Awards. The Committee may issue unrestricted Common Stock, rights to receive grants of Awards
at a future date, or other Awards denominated in Common Stock (including, without limitation, performance shares or performance units),
or Awards that provide for cash payments based in whole or in part on the value or future value of shares of Common Stock under the Plan
to Eligible Persons, alone or in tandem with other Awards, in such amounts as the Committee shall from time to time in its sole discretion
determine. Each Other Stock-Based Award granted under the Plan shall be evidenced by an Award agreement. Each Other Stock-Based Award
so granted shall be subject to such conditions not inconsistent with the Plan as may be reflected in the applicable Award agreement including,
without limitation, the payment by the Participant of the Fair Market Value of such shares of Common Stock on the Date of Grant.

11.              
Performance Compensation Awards. (a) Generally. The Committee shall have the authority, at or before the
time of grant of any Award described in Sections 7 through 10 of the Plan, to designate such Award as a Performance Compensation
Award intended to qualify as “performance-based compensation” under Section 162(m) of the Code. In addition, the Committee
shall have the authority to make an award of a cash bonus to any Participant and designate such Award as a Performance Compensation Award
intended to qualify as “performance-based compensation” under Section 162(m) of the Code. Notwithstanding anything in
the Plan to the contrary, any Award to a Participant who is a “covered employee” (within the meaning of Section 162(m) of
the Code) for a fiscal year that satisfies the requirements of this Section 11 may be treated as a Performance Compensation Award in the
absence of any such Committee designation, and if the Company determines that a Participant who has been granted an Award designated as
a Performance Compensation Award is not (or is no longer) a “covered employee” (within the meaning of Section 162(m) of the
Code), the terms and conditions of such Award may be modified without regard to any restrictions or limitations set forth in this Section
11 (but subject otherwise to the provisions of Section 14 of the Plan).

(b)               
Discretion of Committee with Respect to Performance Compensation Awards. With regard to a particular Performance Period,
the Committee shall have sole discretion to select the length of such Performance Period, the type(s) of Performance Compensation Awards
to be issued, the Performance Criteria that will be used to establish the Performance Goal(s), the kind(s) and/or level(s) of the Performance
Goals(s) that is (are) to apply and the Performance Formula. Within the first 90 days of a Performance Period (or, if longer or shorter,
within the maximum period allowed under Section 162(m) of the Code), the Committee shall, with regard to the Performance Compensation
Awards to be issued for such Performance Period, exercise its discretion with respect to each of the matters enumerated in the immediately
preceding sentence and record the same in writing (which may be in the form of minutes of a meeting of the Committee).

(c)               
Performance Criteria. The Performance Criteria that will be used to establish the Performance Goal(s) may be based on the
attainment of specific levels of performance of the Company (and/or one or more Affiliates, divisions or operational and/or business units,
product lines, brands, business segments, administrative departments, units, or any combination of the foregoing) and shall be limited
to the following: (i) net earnings or net income (before or after taxes); (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) net operating
income or profit (before or after taxes); (vi) return measures (including, but not limited to, return on investment, assets, capital,
gross revenue or gross revenue growth, invested capital, equity, or sales); (vii) cash flow (including, but not limited to, operating
cash flow, free cash flow, and cash flow return on capital), which may but are not required to be measured on a per share basis; (viii)
earnings before or after taxes, interest, depreciation

    	 	18	 

     

    

 and/or amortization (including EBIT and EBITDA); (ix) gross or net operating margins;
(x) productivity ratios; (xi) share price (including, but not limited to, growth measures and total shareholder return); (xii) expense
targets or cost reduction goals, general and administrative expense savings; (xiii) margins; (xiv) operating efficiency; (xv) objective
measures of customer satisfaction; (xvi) working capital targets; (xvii) measures of economic value added or other ‘value creation’
metrics; (xviii) inventory control; (xix) enterprise value; (xx) sales; (xxi) stockholder return; (xxii); client retention; (xxiii) competitive
market metrics; (xxiv) employee retention; (xxv) timely completion of new product rollouts; (xxvi) timely launch of new facilities; (xxvii)
objective measures of personal targets, goals or completion of projects (including but not limited to succession and hiring projects,
completion of specific acquisitions, reorganizations or other corporate transactions or capital-raising transactions, expansions of specific
business operations and meeting divisional or project budgets); (xxviii) system-wide revenues; (xxix) royalty income; (xxx) cost of capital,
debt leverage year-end cash position or book value; (xxxi) strategic objectives, development of new product lines and related revenue,
sales and margin targets, or international operations; or (xxxii) any combination of the foregoing. Any one or more of the Performance
Criteria may be stated as a percentage of another Performance Criteria, or a percentage of a prior period’s Performance Criteria,
or used on an absolute, relative or adjusted basis to measure the performance of the Company and/or one or more Affiliates as a whole
or any divisions or operational and/or business units, product lines, brands, business segments, administrative departments of the Company
and/or one or more Affiliates 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 group of comparator companies, or a published or special index that the Committee, in its sole
discretion, deems appropriate, or as compared to various stock market indices. The Committee also has the authority to provide for accelerated
vesting, delivery and exercisability of any Award based on the achievement of Performance Goals pursuant to the Performance Criteria specified
in this paragraph. To the extent required under Section 162(m) of the Code, the Committee shall, within the first 90 days of a Performance
Period (or, if longer or shorter, within the maximum period allowed under Section 162(m) of the Code), define in an objective fashion
the manner of calculating the Performance Criteria it selects to use for such Performance Period.

(d)               
Modification of Performance Goal(s). In the event that applicable tax and/or securities laws change to permit Committee
discretion to alter the governing Performance Criteria without obtaining shareholder approval of such alterations, the Committee shall
have sole discretion to make such alterations without obtaining shareholder approval. Unless otherwise determined by the Committee at
the time a Performance Compensation Award is granted, the Committee is authorized at any time during the first 90 days of a Performance
Period (or, if longer or shorter, within the maximum period allowed under Section 162(m) of the Code), or at any time thereafter
to the extent the exercise of such authority at such time would not cause the Performance Compensation Awards granted to any Participant
for such Performance Period to fail to qualify as “performance-based compensation” under Section 162(m) of the Code, specify
adjustments or modifications to be made to the calculation of a Performance Goal for such Performance Period, based on and in order to
appropriately reflect the following events: (i) asset write-downs; (ii) litigation or claim judgments or settlements; (iii) the effect
of changes in tax laws, accounting principles, or other laws or regulatory rules affecting reported results; (iv) any reorganization and
restructuring programs; (v) nonrecurring items as described in Accounting Standards Codification Topic 225-20 (or any successor pronouncement
thereto) and/or in management’s discussion and analysis of financial condition and results of operations appearing in the Company’s
annual report to shareholders for the applicable year; (vi) acquisitions or divestitures; (vii) any other specific unusual or nonrecurring
events, or objectively determinable category thereof; (viii) foreign exchange gains and losses; (ix) discontinued operations and nonrecurring
charges; and (x) a change in the Company’s fiscal year.

(e)               
Payment of Performance Compensation Awards. (i) Condition to Receipt of Payment. Unless otherwise provided in the
applicable Award agreement or any employment, consulting, change in control, severance or other agreement between a Participant and the
Company or an Affiliate, a 

    	 	19	 

     

    

Participant must be employed by or rendering services to the Company or an Affiliate on the last day of a Performance
Period to be eligible for payment in respect of a Performance Compensation Award for such Performance Period.

(ii)              
Limitation. Unless otherwise provided in the applicable Award agreement, or any employment, consulting, change in control,
severance or other agreement between a Participant and the Company or an Affiliate, a Participant shall be eligible to receive payment
in respect of a Performance Compensation Award only to the extent that: (A) the Performance Goals for such period are achieved, as
determined by the Committee; and (B) all or some of the portion of such Participant’s Performance Compensation Award has been
earned for the Performance Period based on the application of the Performance Formula to such achieved Performance Goals as determined
by the Committee.

(iii)            
Certification. Following the completion of a Performance Period, the Committee shall review and certify in writing (which
may be in the form of minutes of a meeting of the Committee) whether, and to what extent, the Performance Goals for the Performance Period
have been achieved and, if so, calculate and certify in writing (which may be in the form of minutes of a meeting of the Committee) that
amount of the Performance Compensation Awards earned for the period based upon the Performance Formula. The Committee shall then determine
the amount of each Participant’s Performance Compensation Award actually payable for the Performance Period and, in so doing, may
apply Negative Discretion.

(iv)             
Use of Negative Discretion. In determining the actual amount of an individual Participant’s Performance Compensation
Award for a Performance Period, the Committee may reduce or eliminate the amount of the Performance Compensation Award earned under the
Performance Formula in the Performance Period through the use of Negative Discretion if, in its sole judgment, such reduction or elimination
is appropriate. Unless otherwise provided in the applicable Award agreement, the Committee shall not have the discretion to (A) 
provide payment or delivery in respect of Performance Compensation Awards for a Performance Period if the Performance Goals for such Performance
Period have not been attained; or (B) increase a Performance Compensation Award above the applicable limitations set forth in Section 5
of the Plan.

(f)                
Timing of Award Payments. Unless otherwise provided in the applicable Award agreement, Performance Compensation Awards granted
for a Performance Period shall be paid to Participants as soon as administratively practicable following completion of the certifications
required by this Section 11. Any Performance Compensation Award that has been deferred shall not (between the date as of which the
Award is deferred and the payment date) increase (i) with respect to a Performance Compensation Award that is payable in cash, by
a measuring factor for each fiscal year greater than a reasonable rate of interest set by the Committee or (ii) with respect to a
Performance Compensation Award that is payable in shares of Common Stock, by an amount greater than the appreciation of a share of Common
Stock from the date such Award is deferred to the payment date. Unless otherwise provided in an Award agreement, any Performance Compensation
Award that is deferred and is otherwise payable in shares of Common Stock shall be credited (during the period between the date as of
which the Award is deferred and the payment date) with dividend equivalents (in a manner consistent with the methodology set forth in
the last sentence of Section 9(d) of the Plan).

12.              
Changes in Capital Structure and Similar Events. In the event of (a) 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 

    	 	20	 

     

    

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 (including, without limitation, a Change in Control)
that affects the shares of Common Stock, or (b) unusual or nonrecurring events (including, without limitation, a Change in Control) affecting
the Company, any Affiliate, or the financial statements of the Company or any Affiliate, or changes in applicable rules, rulings, regulations
or other requirements of any governmental body or securities exchange or inter-dealer quotation system, accounting principles or law,
such that in any case an adjustment is determined by the Committee in its sole discretion to be necessary or appropriate, then the Committee
shall make any such adjustments in such manner as it may deem equitable, including without limitation any or all of the following:

(i)                
adjusting any or all of (A) the number of shares of Common Stock or other securities of the Company (or number and kind of other
securities or other property) which may be delivered in respect of Awards or with respect to which Awards may be granted under the Plan
(including, without limitation, adjusting any or all of the limitations under Section 5 of the Plan) and (B) the terms of any outstanding
Award, including, without limitation, (1) 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, (2) the Exercise Price or
Strike Price with respect to any Award or (3) any applicable performance measures (including, without limitation, Performance Criteria,
Performance Formula and Performance Goals);

(ii)              
providing for a substitution or assumption of Awards (or awards of an acquiring company), accelerating the delivery, vesting and/or
exercisability of, lapse of restrictions and/or other conditions on, or termination of, Awards or providing for a period of time (which
shall not be required to be more than ten (10) 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

(iii)            
cancelling any one or more outstanding Awards (or awards of an acquiring company) and causing to be paid to the holders thereof,
in cash, shares of Common Stock, other securities or other property, or any combination thereof, the value of such Awards, if any, as
determined by the Committee (which if applicable may be based upon the price per share of Common Stock received or to be received by other
shareholders 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, respectively (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);

provided, however, 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) (“ASC 718”), the Committee shall make an equitable or proportionate adjustment
to outstanding Awards to reflect such equity restructuring. Except as otherwise determined by the Committee, any adjustment in Incentive
Stock Options under this Section 12 (other than any cancellation of Incentive Stock Options) shall be made only to the extent not
constituting a “modification” within the meaning of Section 424(h)(3) of the Code, and any adjustments under this Section 12
shall be made in a manner which does not adversely affect the exemption provided pursuant to Rule 16b-3 under the Exchange Act. The
Company shall give each Participant notice (including by placement on the 

    	 	21	 

     

    

Company’s website) of an adjustment hereunder and, upon
notice, such adjustment shall be conclusive and binding for all purposes.

13.              
Effect of Change in Control.

(a)               
Except to the extent otherwise provided in an Award agreement, or any applicable employment, consulting, change in control, severance
or other agreement between a Participant and the Company or an Affiliate, in the event of a Change in Control, notwithstanding any provision
of the Plan to the contrary, if a Participant’s employment or service is terminated by the Company and its Affiliates other than
for Cause (and other than due to death or Disability) within the 12-month period following a Change in Control, then:

(i)                
all then-outstanding Options and SARs shall become immediately exercisable as of such Participant’s date of termination with
respect to all of the shares subject to such Option or SAR;

(ii)              
the Restricted Period shall expire as of such Participant’s date of termination with respect to all of then-outstanding shares
of Restricted Stock or Restricted Stock Units (including without limitation a waiver of any applicable Performance Goals); and

(iii)            
Awards previously deferred shall be settled in full as soon as practicable following such Participant’s date of termination.

(b)               
All incomplete Performance Periods in effect on the date the Change in Control occurs shall end on such date, and the Committee
may (i) determine the extent to which Performance Goals with respect to each such Performance Period have been met based upon such audited
or unaudited financial information or other information then available as it deems relevant and (ii) cause the Participant to receive
partial or full payment of Awards for each such Performance Period based upon the Committee’s determination of the degree of attainment
of Performance Goals, or assuming that the applicable “target” levels of performance have been attained or on such other basis
determined by the Committee.

(c)               
In addition, in the event of a Change of Control, the Committee may in its discretion and upon at least five (5) days’ advance
notice to the affected persons, cancel any outstanding Award and pay to the holders thereof, in cash, securities or other property (including
of the acquiring or successor company), or any combination thereof, the value of such Awards based upon the price per share of Common
Stock received or to be received by other shareholders of the Company in the event. Notwithstanding the above, the Committee shall exercise
such discretion over any Award subject to Section 409A of the Code at the time such Award is granted.

(d)               
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.

(e)               
To the extent practicable, the provisions of this Section 13 shall occur in a manner and at a time which allows affected Participants
the ability to participate in the Change in Control transaction with respect to the Common Stock subject to their Awards.

14.              
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,
discontinuation or termination shall be made without 

    	 	22	 

     

    

shareholder approval if such approval is necessary to comply with any tax or regulatory
requirement applicable to the Plan (including, without limitation, as necessary to comply with any rules or requirements of any securities
exchange or inter-dealer quotation system on which the shares of Common Stock may be listed or quoted or for changes in GAAP to new accounting
standards, to prevent the Company from being denied a tax deduction under Section 162(m) of the Code); 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
14(b) of the Plan without stockholder approval.

(b)               
Amendment of Award Agreements. The Committee may, to the extent not inconsistent with the terms of any applicable Award
agreement, 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 of employment
or service with the Company); provided that 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 shareholder
approval, except as otherwise permitted under Section 12 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 in a manner which would either
(A) be reportable on the Company’s proxy statement as Options which have been “repriced” (as such term is used
in Item 402 of Regulation S-K promulgated under the Exchange Act), or (B) result in any “repricing” for financial statement
reporting purposes (or otherwise cause the Award to fail to qualify for equity accounting treatment) and (iii) the Committee may
not take any other action which is considered a “repricing” for purposes of the shareholder approval rules of the applicable
securities exchange or inter-dealer quotation system on which the Common Stock is listed or quoted.

15.              
General. (a) Award Agreements. Each Award under the Plan shall be evidenced by an Award agreement, which
shall be delivered to the Participant and shall specify the terms and conditions of the Award and any rules applicable thereto. 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 a Participant 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 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
the Company or an Affiliate; 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 

    	 	23	 

     

    

Securities Act or any successor form of registration statements promulgated
by the Securities and Exchange Commission (collectively, the “Immediate Family Members”); (B) a trust solely for the
benefit of the Participant and his or her Immediate Family Members; (C) a partnership or limited liability company whose only partners
or shareholders are the Participant and his or her Immediate Family Members; or (D) any other transferee as may be approved either (I) by
the Board or the Committee in its sole discretion, or (II) as provided in the applicable Award agreement; (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.

(iii)            
The terms of any Award transferred in accordance with the immediately preceding sentence 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) the Committee or the
Company shall not 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 the termination of the Participant’s
employment by, or services to, the Company or an Affiliate under the terms of the Plan and the applicable Award agreement shall continue
to be applied with respect to the Permitted Transferee, 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. The Committee in its sole discretion may provide a Participant as part of an Award with
dividends or dividend equivalents, 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; provided, that no dividends or dividend equivalents shall be payable in respect
of outstanding (i) Options or SARs or (ii) unearned Performance Compensation Awards or other unearned Awards subject to performance conditions
(other than or in addition to the passage of time) (although dividends and dividend equivalents may be accumulated in respect of unearned
Awards and paid as soon as administratively practicable, but no more than 30 days after such Awards are earned and become distributable).

(d)               
Tax Withholding. (i) A Participant shall be required to pay to the Company or any Affiliate, and the Company or any Affiliate
shall have the right (but not the obligation) and is hereby authorized to withhold, from any cash, shares of Common Stock, other securities
or other property deliverable under any Award or from any compensation or other amounts owing to a Participant, the amount (in cash, Common
Stock, other securities or other property) of any required withholding taxes in respect of an Award, its exercise, or any payment or transfer
under an Award or under the Plan and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy
all obligations for the payment of such withholding and taxes.

    	 	24	 

     

    

(ii)              
Without limiting the generality of clause (i) above, the Committee may, in its sole discretion, permit a Participant
to satisfy, in whole or in part, the foregoing withholding liability (but no more than the maximum statutory withholding amount permitted
that will not result in adverse accounting treatment of the Award as a liability award under ACS 718) by (A) payment in cash; (B)
the delivery of shares of Common Stock (which are not subject to any pledge or other security interest) owned by the Participant having
a Fair Market Value equal to such withholding liability or (C) having the Company withhold from the number of shares of Common Stock
otherwise issuable or deliverable pursuant to the exercise or settlement of the Award a number of shares with a Fair Market Value equal
to such withholding liability.

(e)               
No Claim to Awards; No Rights to Continued Employment; Waiver. No employee of the Company or an Affiliate, 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 Company or an Affiliate, nor shall it be construed as giving any Participant any rights to continued service on the Board.
The Company or any of its Affiliates 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,
notwithstanding any provision to the contrary in any written employment contract or other agreement between the Company and its Affiliates
and the Participant, whether any such agreement is executed before, on or after the Date of Grant.

(f)                
International Participants. Without limiting the generality of Section 4(d) of the Plan, with respect to Participants who
reside or work outside of the United States of America and who are not (and who are not expect to be) “covered employees”
within the meaning of Section 162(m) of the Code, the Committee may in its sole discretion amend the terms of the Plan or subplans or
appendices thereto, or outstanding Awards, with respect to such Participants in order to conform such terms with the requirements of local
law or to obtain more favorable tax or other treatment for a Participant, the Company or its Affiliates.

(g)               
Designation and Change of Beneficiary. Each Participant may file with the Committee a written designation of one or more
persons as the beneficiary(ies) who shall be entitled to receive the amounts payable with respect to an Award, if any, due under the Plan
upon his or her death. A Participant may, from time to time, revoke or change his or her 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 his or her spouse (or domestic partner if such status is recognized by
the Company according to the procedures established by the Company and in such jurisdiction), or if the Participant is otherwise unmarried
at the time of death, his or her estate. After receipt of Options in accordance with this paragraph, beneficiaries will only be able to
exercise such options in accordance with Section 7(e) of this Plan.

    	 	25	 

     

    

(h)               
Termination of Employment or Service. Except as otherwise provided in an Award agreement or any employment, consulting,
change in control, severance or other agreement between a Participant and the Company or an Affiliate, unless determined otherwise by
the Committee: (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 the Company to employment or service with an Affiliate (or vice-versa) shall be considered a termination of employment or service
with the Company or an Affiliate; and (ii) if a Participant’s employment with the Company and its Affiliates terminates, but such
Participant continues to provide services to the Company or its Affiliates in a non-employee capacity (including as a Non-Employee Director)
(or vice-versa), such change in status shall not be considered a termination of employment or service with the Company or an Affiliate
for purposes of the Plan.

(i)                
No Rights as a Shareholder. 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 which are subject to Awards hereunder until such shares
have been issued or delivered to that person.

(j)                
Government and Other Regulations. (i) The obligation of the Company to settle Awards in Common Stock or other consideration
shall be subject to all applicable laws, rules, and regulations, and to such approvals by governmental agencies as may be required. 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, 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 the Company or any Affiliate delivered 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, the Federal securities laws, or the rules, regulations and other requirements of the Securities and Exchange Commission, any
securities exchange or inter-dealer quotation system upon which such shares or other securities of the Company are then listed or quoted
and any other applicable Federal, state, local or non-U.S. laws, rules, regulations and other requirements, and, without limiting the
generality of Section 9 of the Plan, the Committee may cause a legend or legends to be put on any such certificates of Common Stock or
other securities of the Company or any Affiliate delivered under the Plan to make appropriate reference to such restrictions or may cause
such Common Stock or other securities of the Company or any Affiliate delivered 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 any additional terms or provisions to any Award granted under the Plan that it 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.

(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 pay to 

    	 	26	 

     

    

the Participant an amount
equal to the excess of (A) 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 delivered, as applicable), over
(B) the aggregate Exercise Price or Strike Price (in the case of an Option or SAR, respectively) or any amount payable as a condition
of delivery of shares of Common Stock (in the case of any other Award). Such amount shall be delivered to the Participant as soon as practicable
following the cancellation of such Award or portion 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 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 his or her affairs because of illness or accident, or is a minor, or has died, then any payment due to
such person or his or her estate (unless a prior claim therefor has been made by a duly appointed legal representative or a beneficiary
designation form has been filed with the Company) may, if the Committee so directs the Company, be paid to his or her 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 this Plan by the Board nor the submission of this Plan to the shareholders
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 stock options otherwise than under this Plan, and such arrangements
may be either applicable generally or only in specific cases.

(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 the Company or any Affiliate, on the one hand, and a Participant or other person or entity,
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 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 employees under general law.

(o)               
Reliance on Reports. Each member of the Committee and each member of the Board (and their respective designees) 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 the Company and its Affiliates 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.

    	 	27	 

     

    

(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.

(q)               
Purchase for Investment. Whether or not the Options and shares covered by the Plan have been registered under the Securities
Act, each person exercising an Option under the Plan or acquiring shares under the Plan may be required by the Company to give a representation
in writing that such person is acquiring such shares for investment and not with a view to, or for sale in connection with, the distribution
of any part thereof. The Company will endorse any necessary legend referring to the foregoing restriction upon the certificate or certificates
representing any shares issued or transferred to the Participant upon the exercise of any Option granted under the Plan.

(r)                
Governing Law. The Plan shall be governed by and construed in accordance with the internal laws of the State of New York
applicable to contracts made and performed wholly within the State of New York, without giving effect to the conflict of laws provisions
thereof.

(s)                
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 entity 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 the applicable laws, 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 entity or Award and the remainder of the Plan and any
such Award shall remain in full force and effect.

(t)                
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.

(u)               
409A of the Code. (i) Notwithstanding any provision of the Plan to the contrary, it is intended that the provisions of this
Plan comply with Section 409A of the Code, and all provisions of this 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 this Plan or any
other plan maintained by the Company (including any taxes and penalties under Section 409A of the Code), and neither the Company nor any
Affiliate 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 separate payments.

(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 or deliveries in respect of any Awards that are “deferred compensation”
subject to 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” (as defined in Section 409A of the Code) or, if earlier, the Participant’s date of death.
Following any applicable six month delay, all such delayed payments or deliveries will be paid or delivered (without interest) in a single
lump sum on the earliest date permitted under Section 409A of the Code that is also a business day.

    	 	28	 

     

    

(iii)            
Unless otherwise provided by the Committee, 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) would be 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 and any Treasury Regulations promulgated thereunder 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 and any Treasury Regulations promulgated thereunder.

(v)               
Clawback/Forfeiture. Notwithstanding anything to the contrary contained herein, an Award agreement may provide that the
Committee may in its sole discretion cancel such Award if the Participant, without the consent of the Company, while employed by or providing
services to the Company or any Affiliate or after termination of such employment or service, violates a non-competition, non-solicitation,
non-disparagement or non-disclosure covenant or agreement, or otherwise has engaged in or engages in activity that is in conflict with
or adverse to the interest of the Company or any Affiliate, including fraud or conduct contributing to any financial restatements or irregularities,
as determined by the Committee in its sole discretion. The Committee may also provide in an Award agreement that if the Participant otherwise
has engaged in or engages in any activity referred to in the preceding sentence, the Participant shall forfeit any compensation, gain
or other value realized thereafter on the vesting, exercise or settlement of such Award, the sale or other transfer of such Award, or
the sale of shares of Common Stock acquired in respect of such Award, and must promptly repay such amounts to the Company. The Committee
may also provide in an Award agreement that if the Participant receives any amount in excess of what the Participant should 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), all as determined by the Committee in its sole discretion, then the Participant shall be required to promptly
repay any such excess amount to the Company. To the extent required by applicable law (including without limitation Section 304 of the
Sarbanes-Oxley Act and Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act) and/or the rules and regulations
of NYSE or other securities exchange or inter-dealer quotation system on which the Common Stock is listed or quoted, or if so required
pursuant to a written policy adopted by the Company, Awards shall be subject (including on a retroactive basis) to clawback, forfeiture
or similar requirements (and such requirements shall be deemed incorporated by reference into all outstanding Award agreements).

(w)             
Code Section 162(m) Re-approval. If so determined by the Committee, the provisions of the Plan regarding Performance
Compensation Awards shall be submitted for re-approval by the shareholders of the Company no later than the first shareholder meeting
that occurs in the fifth year following the year that shareholders previously approved such provisions following the date of initial shareholder
approval, for purposes of exempting certain Awards granted after such time from the deduction limitations of Section 162(m) of the Code.
Nothing in this subsection, however, shall affect the validity of Awards granted after such time if such shareholder approval has not
been obtained.

(x)               
Expenses; Gender; Titles and Headings. The expenses of administering the Plan shall be borne by the Company and its Affiliates.
Masculine pronouns and other words of masculine gender shall refer to both men and women. 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.

* * *

As adopted by the Board of Directors of the Company

on May 13, 2022.

As approved by the shareholders of the Company

on July 13, 2022.

 

    	 	29Exhibit 4.8

 

DESCRIPTION OF THE REGISTRANT’S SECURITIES
REGISTERED 

PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

 

As of June 30, 2021, Goldenbridge
Acquisition Limited (“we,” “our,” “us” or the “Company”) had the following securities
registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (i) its units, consisting
of one ordinary share, one redeemable warrant, and one right to receive one-tenth (1/10) of an ordinary share upon the consummation of
an initial business combination; (ii) its ordinary shares; (iii) its public warrants, with each whole warrant exercisable for one-half
of one ordinary share for $11.50 per share; (iv) its rights, with each right entitling its holder to receive one-tenth (1/10) of an ordinary
share upon the consummation of an initial business combination.

 

The following description
summarizes the material terms of our capital stock and does not purport to be complete. It is subject to, and qualified in its entirety
by reference to, our memorandum and articles of association, as amended, our warrant agreement, and our rights agreement, each of which
is incorporated by reference as an exhibit to our Annual Report on Form 10-K/A for the year ended June 30, 2021 (the “Report”)
of which this Exhibit 4.8 is a part.

 

Defined terms used herein
but not otherwise defined shall have the meaning ascribed to such terms in the Company’s Annual Report on Form 10-K/A for the year
ended June 30, 2021 (the “Report”).

 

General

 

We are a company incorporated in the British Virgin
Islands as a BVI business company (company number 2019682) and our affairs are governed by our amended and restated memorandum and articles
of association, the Companies Law and the common law of the British Virgin Islands. We are currently authorized to issue an unlimited
number of shares of a single class, each with no par value. No preferred shares are issued or outstanding or authorized by the Company’s
constitutional documents. The following description summarizes certain terms of our shares as set out more particularly in our memorandum
and articles of association. Because it is only a summary, it may not contain all the information that is important to you.

 

Units

 

Each unit consists of one ordinary share, one
redeemable warrant and one right. Each redeemable warrant entitles the holder thereof to purchase one-half (1/2) of one ordinary share.
Each redeemable warrant has an exercise price $11.50 per full share and shall expire on the five year anniversary of the closing date
of our initial business combination or earlier upon redemption or liquidation. Pursuant to the warrant agreement, a warrant holder may
exercise its warrants only for a whole number of shares. This means that only an even number of warrants may be exercised at any given
time by a warrant holder. For example, if a warrant holder holds one warrant to purchase one-half (1/2) of one share, such warrant shall
not be exercisable. If a warrant holder holds two warrants, such warrants will be exercisable for one share. Each right entitles the holder
thereof to receive one-tenth (1/10) of an ordinary share upon consummation of our initial business combination. In addition, we will not
issue fractional shares in connection with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share
or otherwise addressed in accordance with the applicable provisions of British Virgin Islands Law. As a result, you must hold rights in
multiples of 10 in order to receive shares for all of your rights upon closing of a business combination.

 

Ordinary Shares

 

Our shareholders of record are entitled to one
vote for each share held on all matters to be voted on by shareholders. In connection with any vote held to approve our initial business
combination, all of our initial shareholders, as well as all of our officers and directors, have agreed to vote their respective ordinary
shares owned by them immediately prior to this offering and any shares purchased in this offering or following this offering in the open
market in favor of the proposed business combination.

 

     

     

    

 

We will proceed with the business combination
only if we have net tangible assets of at least $5,000,001 upon consummation of such business combination and a majority of the ordinary
shares voted are voted in favor of the business combination. At least five days’ notice must be given for each general meeting (although
we will provide whatever minimum number of days are required under Federal securities laws). Shareholders may vote at meetings in person
or by proxy.

 

The members of our Board of Directors serve until
the next annual general meeting. There is no cumulative voting with respect to the election of directors, with the result that the holders
of more than 50% of the shares eligible to vote for the election of directors can elect all of the directors.

 

Pursuant to our amended and restated memorandum
and articles of association, if we do not consummate a business combination by 12 months from the consummation of this offering (or 21
months if we have extended the period of time as described in the prospectus dated March 1, 2021), it will trigger our automatic winding
up, liquidation and subsequent dissolution. Our initial shareholders have agreed to waive their rights to share in any distribution from
the trust account with respect to their insider shares upon our winding up, liquidation and subsequent dissolution.

 

Our shareholders have no conversion, preemptive
or other subscription rights and there are no sinking fund or redemption provisions applicable to the ordinary shares, except that public
shareholders have the right to have their public shares converted to cash equal to their pro rata share of the trust
account if they vote on the proposed business combination and the business combination is completed. Public shareholders who convert their
public shares into their portion of the trust account still have the right to exercise the redeemable warrants that they received as part
of the units.

 

Register of Members

 

Under the Companies Law, the ordinary shares are
deemed to be issued when the name of the shareholder is entered in our register of members. Our register of members will be maintained
by our transfer agent Continental Stock Transfer & Trust Company, LLC, which will enter the name of Cede & Co in our register
of members on the closing of this offering as nominee for each of the respective public shareholders. If (a) information that is required
to be entered in the register of members is omitted from the register or is inaccurately entered in the register, or (b) there is unreasonable
delay in entering information in the register, a shareholder of the company, or any person who is aggrieved by the omission, inaccuracy
or delay, may apply to the British Virgin Islands courts for an order that the register be rectified, and the court may either refuse
the application or order the rectification of the register, and may direct the company to pay all costs of the application and any damages
the applicant may have sustained.

 

Redeemable Warrants

 

Each redeemable warrant entitles the registered
holder to purchase one-half (1/2) of one ordinary share at a price of $11.50 per share, subject to adjustment as discussed below, at any
time commencing on the later of 30 days after the completion of our initial business combination and 12 months from from the closing of
this offering. Pursuant to the warrant agreement, a warrant holder may exercise its warrants only for a whole number of shares. This means
that only an even number of warrants may be exercised at any given time by a warrant holder. However, except as set forth below, no warrants
will be exercisable for cash unless we have an effective and current registration statement covering the ordinary shares issuable upon
exercise of the warrants and a current prospectus relating to such ordinary shares. Notwithstanding the foregoing, if a registration statement
covering the ordinary shares issuable upon exercise of the warrants is not effective within 60 days from the consummation of our initial
business combination, warrant holders may, until such time as there is an effective registration statement and during any period when
we shall have failed to maintain an effective registration statement, exercise warrants on a cashless basis pursuant to the exemption
from registration provided by Section 3(a)(9) of the Securities Act provided that such exemption is available. If an exemption from registration
is not available, holders will not be able to exercise their warrants on a cashless basis. The warrants will expire five years after the
completion of our initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.

 

    2

     

    

 

We may call the warrants for redemption (excluding
the private warrants but including any outstanding warrants issued upon exercise of the unit purchase option issued to Maxim Group LLC
and its designees), in whole and not in part, at a price of $0.01 per warrant:

 

	 	●	at any time while the warrants are exercisable,

 

	 	●	upon not less than 30 days’ prior written notice of redemption to each warrant holder,

 

	 	●	if, and only if, the reported last sale price of the ordinary shares equals or exceeds $16.50 per share, for any 20 trading days within a 30 trading day period ending on the third business day prior to the notice of redemption to warrant holders (the “Force-Call Provision”), and

 

	 	●	if, and only if, there is a current registration statement in effect with respect to the ordinary shares underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption.

 

The right to exercise will be forfeited unless
the warrants are exercised prior to the date specified in the notice of redemption. On and after the redemption date, a record holder
of a warrant will have no further rights except to receive the redemption price for such holder’s warrant upon surrender of such
warrant.

 

The redemption criteria for our warrants have
been established at a price which is intended to provide warrant holders a reasonable premium to the initial exercise price and provide
a sufficient differential between the then-prevailing share price and the warrant exercise price so that if the share price declines as
a result of our redemption call, the redemption will not cause the share price to drop below the exercise price of the warrants.

 

If we call the warrants for redemption as described
above, our management will have the option to require all holders that wish to exercise warrants to do so on a “cashless basis.”
In such event, each holder would pay the exercise price by surrendering the whole warrants for that number of ordinary shares equal to
the quotient obtained by dividing (x) the product of the number of ordinary shares underlying the warrants, multiplied by the difference
between the exercise price of the warrants and the “fair market value” (defined below) by (y) the fair market value. The “fair
market value” shall mean the average reported last sale price of the ordinary shares for the 10 trading days ending on the third
trading day prior to the date on which the notice of redemption is sent to the holders of warrants. Whether we will exercise our option
to require all holders to exercise their warrants on a “cashless basis” will depend on a variety of factors including the
price of our ordinary shares at the time the warrants are called for redemption, our cash needs at such time and concerns regarding dilutive
share issuances.

 

In addition, if (x) we issue additional ordinary
shares or equity-linked securities for capital raising purposes in connection with the closing of our initial business combination at
an issue price or effective issue price of less than $9.50 per ordinary share (with such issue price or effective issue price to be determined
in good faith by our board of directors), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity
proceeds, and interest thereon, available for the funding of our initial business combination, and (z) the Market Price is below $9.50
per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the Market Price, and the
$16.50 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 165% of the Market Value.

 

The warrants will be issued in registered form
under a warrant agreement between Continental Stock Transfer & Trust Company, LLC, as warrant agent, and us. The warrant agreement
provides that the terms of the warrants may be amended without the consent of any holder to cure any ambiguity or correct any defective
provision, but requires the approval, by written consent or vote, of the holders of a majority of the then outstanding warrants in order
to make any change that adversely affects the interests of the registered holders.

 

The exercise price and number of ordinary shares
issuable on exercise of the warrants may be adjusted in certain circumstances including in the event of a share capitalizations, extraordinary
dividend or our recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuances of
ordinary shares at a price below their respective exercise prices.

 

The warrants may be exercised upon surrender of
the warrant certificate on or prior to the expiration date at the offices of the warrant agent, with the exercise form on the reverse
side of the warrant certificate completed and executed as indicated, accompanied by full payment of the exercise price, by certified or
official bank check payable to us, for the number of warrants being exercised. The warrant holders do not have the rights or privileges
of holders of ordinary shares and any voting rights until they exercise their warrants and receive ordinary shares. After the issuance
of ordinary shares upon exercise of the warrants, each holder will be entitled to one vote for each share held of record on all matters
to be voted on by shareholders.

 

    3

     

    

 

Except as described above, no warrants will be
exercisable and we will not be obligated to issue ordinary shares unless at the time a holder seeks to exercise such warrant, a prospectus
relating to the ordinary shares issuable upon exercise of the warrants is current and the ordinary shares have been registered or qualified
or deemed to be exempt under the securities laws of the state of residence of the holder of the warrants. Under the terms of the warrant
agreement, we have agreed to use our best efforts to meet these conditions and to maintain a current prospectus relating to the ordinary
shares issuable upon exercise of the warrants until the expiration of the warrants. However, we cannot assure you that we will be able
to do so and, if we do not maintain a current prospectus relating to the ordinary shares issuable upon exercise of the warrants, holders
will be unable to exercise their warrants and we will not be required to settle any such warrant exercise. If the prospectus relating
to the ordinary shares issuable upon the exercise of the warrants is not current or if the ordinary shares is not qualified or exempt
from qualification in the jurisdictions in which the holders of the warrants reside, we will not be required to net cash settle or cash
settle the warrant exercise, the warrants may have no value, the market for the warrants may be limited and the warrants may expire worthless.

 

Warrant holders may elect to be subject to a restriction
on the exercise of their warrants such that an electing warrant holder (and his, her or its affiliates) would not be able to exercise
their warrants to the extent that, after giving effect to such exercise, such holder (and his, her or its affiliates) would beneficially
own in excess of 9.8% of the ordinary shares issued and outstanding. Notwithstanding the foregoing, any person who acquires a warrant
with the purpose or effect of changing or influencing the control of our company, or in connection with or as a participant in any transaction
having such purpose or effect, immediately upon such acquisition will be deemed to be the beneficial owner of the underlying ordinary
shares and not be able to take advantage of this provision.

 

No fractional shares will be issued upon exercise
of the warrants. If, upon exercise of the warrants, a holder would be entitled to receive a fractional interest in a share (as a result
of a subsequent share capitalizations payable in ordinary shares, or by a split up of the ordinary shares or other similar event), we
will, upon exercise, round up or down to the nearest whole number the number of ordinary shares to be issued to the warrant holder.

 

Rights

 

Except in cases where we are not the surviving
company in a business combination, each holder of a right will automatically receive one-tenth (1/10) of an ordinary share upon consummation
of our initial business combination, even if the holder of a public right converted all ordinary shares held by him, her or it in connection
with the initial business combination or an amendment to our amended and restated memorandum and articles of association with respect
to our pre-business combination activities. In the event we will not be the surviving company upon completion of our initial business
combination, each holder of a right will be required to affirmatively convert his, her or its rights in order to receive the one-tenth
(1/10) of a share underlying each right upon consummation of the business combination. No additional consideration will be required to
be paid by a holder of rights in order to receive his, her or its additional ordinary shares upon consummation of an initial business
combination. The shares issuable upon exchange of the rights will be freely tradable (except to the extent held by affiliates of ours).
If we enter into a definitive agreement for a business combination in which we will not be the surviving entity, the definitive agreement
will provide for the holders of rights to receive the same per share consideration the holders of the ordinary shares will receive in
the transaction on an as-converted into ordinary shares basis.

 

We will not issue fractional shares in connection
with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance
with the applicable provisions of British Virgin Islands Law. As a result, you must hold rights in multiples of 10 in order to receive
shares for all of your rights upon closing of a business combination. If we are unable to complete an initial business combination within
the required time period and we liquidate the funds held in the trust account, holders of rights will not receive any of such funds with
respect to their rights, nor will they receive any distribution from our assets held outside of the trust account with respect to such
rights, and the rights will expire worthless. Further, there are no contractual penalties for failure to deliver securities to the holders
of the rights upon consummation of an initial business combination. Additionally, in no event will we be required to net cash settle the
rights. Accordingly, the rights may expire worthless.

 

Our Transfer Agent, Warrant Agent and Rights
Agent

 

The transfer agent for our ordinary shares, warrant
agent for our warrants, and rights agent for our rights is Continental Stock Transfer & Trust Company, LLC, 6201 15th Avenue, Brooklyn,
NY 11219.

 

Listing of our Securities

 

Our units, and the ordinary shares, warrants and
rights are listed on Nasdaq under the symbols “GBRGU,” “GBRG,” “GBRGW,” and “GBRGR,” respectively.

 

 

4

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