Document:

Blueprint

Exhibit 10.4

 

BK Technologies Corporation

 

2017 Incentive Compensation Plan

RESTRICTED SHARE UNIT AGREEMENT

 

Summary of Restricted Share Unit Award

 

BK
Technologies Corporation (the “Company”) grants to the Grantee
named below, in accordance with the terms of the BK Technologies
Corporation 2017 Incentive Compensation Plan (the
“Plan”) and
this Restricted Share Unit Agreement (the “Agreement”), the following number
of Restricted Share Units, on the Date of Grant set forth
below:

 

	

Name of
Grantee:

	
 

	

Number
of Restricted Share Units:

	
 

	

Date of
Grant:

	
 

	

Vesting
Dates:

	
 

 

Terms of Agreement

 

1. Grant
of Restricted Share Units. Subject to and upon the terms,
conditions, and restrictions set forth in this Agreement and in the
Plan, the Company hereby grants to the Grantee as of the Date of
Grant, the total number of share units (the “Restricted Share Units”) set
forth above. Each Restricted Share Unit shall represent the
contingent right to receive Share and shall at all times be equal
in value to one Share. The Restricted Share Units shall be credited
in a book entry account established for the Grantee until payment
in accordance with Section 4 hereof.

 

2. Vesting
of Restricted Share Units.

 

(a) A
ratable portion of the Restricted Share Units (rounded down to the
next whole number) shall vest on each of the Vesting Dates set
forth above (each, a “Vesting Date”), provided that the
Grantee shall have remained in the continuous employment or other
service of the Company or a Subsidiary (“Continuous Service”) through the
applicable Vesting Date.

 

(b) Notwithstanding
Section 2(a), (i) upon the occurrence of a Change in Control prior
to a Vesting Date and during the Grantee’s Continuous
Service, the vesting of the Restricted Share Units will be governed
by the applicable provisions of Section 21 of the Plan; and (ii)
the Committee may, in its sole discretion, provide for the full or
partial acceleration of vesting of the Restricted Share Units in
connection with the termination of the Grantee’s Continuous
Service for any reason prior to a Vesting Date, including, but not
limited to, termination of Continuous Service as a result of the
Grantee’s death or “Disability”, defined as the
Grantee’s permanent and total disability (within the meaning
of Section 22(e) of the Code), as determined by a medical doctor
satisfactory to the Committee.

 

3. Forfeiture
of Restricted Share Units. The Restricted Share Units that
have not yet vested pursuant to Section 2(a) shall be forfeited
automatically without further action or notice if the Grantee
ceases to be employed by the Company or a Subsidiary other than as
provided pursuant to Section 2(b).

 

 

 

 

4. Payment.

 

(a) Except
as may be otherwise provided in this Section, the Company shall
deliver to the Grantee (or the Grantee’s estate in the event
of death) the Shares underlying the vested Restricted Share Units
within thirty (30) days following the date that the Restricted
Share Units become vested in accordance with Section
2.

 

(b) Notwithstanding
Section 4(a), to the extent that the Grantee’s right to
receive payment of the Restricted Share Units constitutes a
“deferral of compensation” within the meaning of
Section 409A of the Code, payment of any vested Restricted Share
Units shall be subject to the following rules, to the extent
necessary to comply with Section 409A of the Code:

 

(i)           Except
as provided in Section 4(b)(ii), the Shares underlying the vested
Restricted Share Units shall be delivered to the Grantee (or the
Grantee’s estate in the event of death) within thirty (30)
days after the earlier of: (A) the Grantee’s
“separation from service” within the meaning of Section
409A of the Code; (B) the occurrence of a “change in the
ownership,” a “change in the effective control”
or a “change in the ownership of a substantial portion of the
assets” of the Company within the meaning of Section 409A of
the Code; or (C) the applicable Vesting Date.

 

(ii)           If
the Restricted Share Units become payable as a result of Section
4(b)(i)(A), but not as a result of the Grantee’s death, and
the Grantee is a “specified employee” at that time
within the meaning of Section 409A of the Code, then the Shares
underlying the vested Restricted Share Units shall instead be
delivered to the Grantee within thirty (30) days after the first
business day that is more than six months after the date of his or
her separation from service (or, if the Grantee dies during such
six-month period, within thirty (30) days after the Grantee’s
death).

 

(c) The Company’s
obligations with respect to the Restricted Share Units shall be
satisfied in full upon the delivery of the Shares underlying the
vested Restricted Share Units.

 

5. Transferability.
The Restricted Share Units may not be transferred, assigned,
pledged or hypothecated in any manner, or be subject to execution,
attachment or similar process, by operation of law or otherwise,
unless otherwise provided under the Plan. Any purported transfer or
encumbrance in violation of the provisions of this Section 5 shall
be void, and the other party to any such purported transaction
shall not obtain any rights to or interest in such Restricted Share
Units.

 

6. Dividend,
Voting and Other Rights. The Grantee shall not possess any
incidents of ownership (including, without limitation, dividend and
voting rights) in the Shares underlying the Restricted Share Units
until such Shares have been delivered to the Grantee in accordance
with Section 4 hereof, and no dividend equivalents will be paid or
provided under this Agreement. The obligations of the Company under
this Agreement will be merely that of an unfunded and unsecured
promise of the Company to deliver Shares in the future, and the
rights of the Grantee will be no greater than that of an unsecured
general creditor. No assets of the Company will be held or set
aside as security for the obligations of the Company under this
Agreement.

 

 

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7. No
Retention Rights. Nothing contained in this Agreement shall
confer upon the Grantee any right with respect to continuance of
employment or other service with the Company or any Subsidiary, nor
limit or affect in any manner the right of the Company and its
Subsidiaries to terminate the employment or adjust the compensation
of the Grantee.

 

8. Relation
to Other Benefits. Any economic or other benefit to the
Grantee under this Agreement or the Plan shall not be taken into
account in determining any benefits to which the Grantee may be
entitled under any profit-sharing, retirement or other benefit or
compensation plan maintained by the Company or a
Subsidiary.

 

9. Taxes
and Withholding. To the extent the Company or any Subsidiary
is required to withhold any federal, state, local, foreign or other
taxes in connection with the delivery of Shares under this
Agreement, then the Company or Subsidiary (as applicable) shall
retain a number of Shares otherwise deliverable hereunder with a
value equal to the applicable tax withholding (based on the Fair
Market Value of the Shares on the date of delivery); provided that
in no event shall the value of the Shares retained exceed the
amount of taxes required to be withheld based on the maximum
statutory tax rates in the Grantee’s applicable taxing
jurisdictions. If the Company or any Subsidiary is required to
withhold any federal, state, local or other taxes at any time other
than upon delivery of the Shares under this Agreement, then the
Company or Subsidiary (as applicable) shall have the right in its
sole discretion to (a) require the Grantee to pay or provide for
payment of the required tax withholding, or (b) deduct the required
tax withholding from any amount of salary, bonus, incentive
compensation or other amounts otherwise payable in cash to the
Grantee (other than deferred compensation subject to Section 409A
of the Code).

 

10. Adjustments.
The number and kind of Shares deliverable pursuant to the
Restricted Share Units are subject to adjustment as provided in
Section 16 of the Plan.

 

11. Compliance
with Law. The Company shall make reasonable efforts to
comply with all applicable federal and state securities laws and
listing requirements with respect to the Restricted Share Units;
provided, however, notwithstanding any other provision of this
Agreement, and only to the extent permitted under Section 409A of
the Code, the Company shall not be obligated to deliver any Shares
pursuant to this Agreement if the delivery thereof would result in
a violation of any such law or listing requirement.

 

12. Amendments.
Subject to the terms of the Plan, the Committee may modify this
Agreement upon written notice to the Grantee. Any amendment to the
Plan shall be deemed to be an amendment to this Agreement to the
extent that the amendment is applicable hereto. Notwithstanding the
foregoing, no amendment of the Plan or this Agreement shall
adversely affect the rights of the Grantee under this Agreement
without the Grantee’s consent unless the Committee
determines, in good faith, that such amendment is required for the
Agreement to either be exempt from the application of, or comply
with, the requirements of Section 409A of the Code, or as otherwise
may be provided in the Plan.

 

13. Severability.
In the event that one or more of the provisions of this Agreement
shall be invalidated for any reason by a court of competent
jurisdiction, any provision so invalidated shall be deemed to be
separable from the other provisions hereof, and the remaining
provisions hereof shall continue to be valid and fully
enforceable.

 

 

-3-

 

 

14. Relation
to Plan. This Agreement is subject to the terms and
conditions of the Plan. This Agreement and the Plan contain the
entire agreement and understanding of the parties with respect to
the subject matter contained in this Agreement, and supersede all
prior written or oral communications, representations and
negotiations in respect thereto. In the event of any inconsistency
between the provisions of this Agreement and the Plan, the Plan
shall govern. Capitalized terms used herein without definition
shall have the meanings assigned to them in the Plan. The Committee
acting pursuant to the Plan, as constituted from time to time,
shall, except as expressly provided otherwise herein, have the
right to determine any questions which arise in connection with the
grant of the Restricted Share Units.

 

15. Successors
and Assigns. Without limiting Section 5, the provisions of
this Agreement shall inure to the benefit of, and be binding upon,
the permitted successors, administrators, heirs, legal
representatives and assigns of the Grantee, and the successors and
assigns of the Company.

 

16. Choice
of Law. The interpretation, performance, and enforcement of
this Agreement shall be governed by the laws of the State of
Nevada, without giving effect to the principles of conflict of laws
thereof.

 

17. Data
Privacy. In order to administer the Plan, the Company may
process personal data about the Grantee. Such data includes, but is
not limited to the information provided in this Agreement and any
changes thereto, other appropriate personal and financial data
about the Grantee such as home address and business addresses and
other contact information and any other information that might be
deemed appropriate by the Company to facilitate the administration
of the Plan. By signing this Agreement, the Grantee gives explicit
consent to the Company to process any such personal data. The
Grantee also gives explicit consent to the Company to transfer any
such personal data outside the country in which the Grantee works
or is employed, including, if the Grantee is not a U.S. resident,
to the United States, to transferees that shall include the Company
and other persons who are designated by the Company to administer
the Plan.

 

18. Plan
and Prospectus Delivery. By signing this Agreement, the
Grantee acknowledges that a copy of the Plan, the Plan Summary and
Prospectus, and the Company's most recent Annual Report and Proxy
Statement (the “Prospectus
Information”) either have been received by or provided
to the Grantee, and the Grantee consents to receiving the
Prospectus Information electronically, or, in the alternative,
agrees to contact the Chief Financial Officer of the Company to
request a paper copy of the Prospectus Information at no charge.
The Grantee also represents that he or she is familiar with the
terms and provisions of the Prospectus Information and hereby
accepts the Award on the terms and subject to the conditions set
forth herein and in the Plan. The Grantee hereby agrees to accept
as binding, conclusive and final all decisions or interpretations
of the Committee upon any questions arising under the Plan or this
Agreement.

 

 

 

 

 

 

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IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the Date of Grant.

 

	
 

	

BK TECHNOLOGIES CORPORATION

 

	
 

	

By:

	
 

	
 

	

Name:

	
 

	
 

	

Title:

	
 

	
 

	
 

	
 

 

	
 

	

GRANTEE

 

	
 

	
 

	
 

	
 

	

Name:

	
 

	
 

	

Address:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

 

 

 

 

-5-TECHCARE
CORP.

2018
STOCK INCENTIVE PLAN

 

 

 

Unless
otherwise defined, terms used herein shall have the meaning ascribed to them in Section 2 hereof.

 

1.
PURPOSE; TYPES OF AWARDS; CONSTRUCTION.

 

1.1.
Purpose. The purpose of this 2018 Stock Incentive Plan (as amended, this “Plan”) is to afford an incentive
to Service Providers of TechCare Corp., a Delaware corporation (together with any successor corporation thereto, the “Company”),
or any Affiliate of the Company, which now exists or hereafter is organized or acquired by the Company or its Affiliates, to continue
as Service Providers, to increase their efforts on behalf of the Company or its Affiliates and to promote the success of the Company’s
business, by providing such Service Providers with opportunities to acquire a proprietary interest in the Company by the issuance
of shares of Common Stock or restricted Stock Awards (“Restricted Stock Awards”) of the Company, and by the
grant of options to purchase shares of Common Stock (“Options”), Restricted Stock Units (“RSUs”)
and other Common Stock-based Awards pursuant to Sections 11 through 13 of this Plan.

 

1.2.
Types of Awards. This Plan is intended to enable the Company to issue Awards under various tax regimes, including:

 

(i)
pursuant and subject to the provisions of Section 102 of the Ordinance (or the corresponding provision of any subsequently enacted
statute, as amended from time to time), and all regulations and interpretations adopted by any competent authority, including
the Israeli Income Tax Authority (the “ITA”), including the Income Tax Rules (Tax Benefits in Stock Issuance
to Employees) 5763-2003 or such other rules so adopted from time to time (the “Rules”) (such Awards that are
intended to be (as set forth in the Award Agreement) and which qualify as such under Section 102 of the Ordinance and the Rules,
“102 Awards”);

 

(ii)
pursuant to Section 3(9) of the Ordinance or the corresponding provision of any subsequently enacted statute, as amended from
time to time (such Awards, “3(9) Awards”);

 

(iii)
Incentive Stock Options within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted
United States federal tax statute, as amended from time to time, to be granted to Employees who are deemed to be residents of
the United States, for purposes of taxation, or are otherwise subject to U.S. Federal income tax (such Awards that are intended
to be (as set forth in the Award Agreement) and which qualify as an incentive stock option within the meaning of Section 422(b)
of the Code, “Incentive Stock Options”); and

 

(iv)
Awards not intended to be (as set forth in the Award Agreement) or which do not qualify as an Incentive Stock Option to be granted
to Service Providers who are deemed to be residents of the United States for purposes of taxation, or are otherwise subject to
U.S. Federal income tax (“Nonqualified Stock Options”).

 

In
addition to the issuance of Awards under the relevant tax regimes in the United States of America and the State of Israel, and
without derogating from the generality of Section 25, this Plan contemplates issuances to Grantees in other jurisdictions or under
other tax regimes with respect to which the Committee is empowered, but is not required, to make the requisite adjustments in
this Plan and set forth the relevant conditions in an appendix to this Plan or in the Company’s agreement with the Grantee
in order to comply with the requirements of such other tax regimes.

 

    	 	 	 

    	 

    

 

1.3.
Company Status. This Plan contemplates the issuance of Awards by the Company, both as a private and public company.

 

1.4.
Construction. To the extent any provision herein conflicts with the conditions of any relevant tax law, rule or regulation
which are relied upon for tax relief in respect of a particular Award to a Grantee, the Committee is empowered, but is not required,
hereunder to determine that the provisions of such law, rule or regulation shall prevail over those of this Plan and to interpret
and enforce such prevailing provisions.

 

2.
DEFINITIONS.

 

2.1. Terms
Generally. Except when otherwise indicated by the context, (i) the singular shall include the plural and the plural shall
include the singular; (ii) any pronoun shall include the corresponding masculine, feminine and neuter forms; (iii) any
definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such
agreement, instrument or other document as from time to time amended, restated, supplemented or otherwise modified (subject
to any restrictions on such amendments, restatements, supplements or modifications set forth therein or herein), (iv)
references to any law, constitution, statute, treaty, regulation, rule or ordinance, including any section or other part
thereof shall refer to it as amended from time to time and shall include any successor thereof, (v) reference to a
“company” or “entity” shall include a, partnership, corporation, limited liability company,
association, trust, unincorporated organization, or a government or agency or political subdivision thereof, and reference to
a “person” shall mean any of the foregoing or an individual, (vi) the words “herein”,
“hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Plan in
its entirety, and not to any particular provision hereof, (vii) all references herein to Sections shall be construed to refer
to Sections to this Plan; (viii) the words “include”, “includes” and “including” shall be
deemed to be followed by the phrase “without limitation”; and (ix) use of the term “or” is
not intended to be exclusive.

 

2.2.
Defined Terms. The following terms shall have the meanings ascribed to them in this Section 2:

 

2.3.
“Affiliate” shall mean, (i) with respect to any person, any other person that, directly or indirectly through
one or more intermediaries, controls, is controlled by, or is under common control with, such person (with the term “control”
or “controlled by” within the meaning of Rule 405 of Regulation C under the Securities Act), including, without limitation,
any Parent or Subsidiary, or (ii) for the purpose of 102 Awards, “Affiliate” shall only mean an “employing
company” within the meaning and subject to the conditions of Section 102(a) of the Ordinance.

 

2.4.
“Applicable Law” shall mean any applicable law, rule, regulation, statute, pronouncement, policy, interpretation,
judgment, order or decree of any federal, provincial, state or local governmental, regulatory or adjudicative authority or agency,
of any jurisdiction, and the rules and regulations of any stock exchange, over-the-counter market or trading system on which the
Company’s shares of stock are then traded or listed.

 

2.5.
“Award” shall mean any Option, Restricted Stock Award, RSUs or any other Common Stock-based awards granted
under this Plan.

 

2.6.
“Board” shall mean the Board of Directors of the Company.

 

2.7.
“Change in Board Event” shall mean any time at which individuals who, as of the Effective Date, constitute
the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided,
however, that any individual becoming a director subsequent to the Effective Date whose election, or nomination for election
by the Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent
Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any
such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect
to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a
Person other than the Board.

 

    	 	 	 

    	 

    

 

2.8.
“Code” shall mean the United States Internal Revenue Code of 1986, and any applicable regulations promulgated
thereunder, all as amended.

 

2.9.
“Committee” shall mean a committee established or appointed by the Board to administer this Plan, subject to
Section 3.1.

 

2.10.
“Controlling Stockholder” shall have the meaning set forth in Section 32(9) of the Ordinance.

 

2.11.
“Disability” shall mean (i) the inability of a Grantee to perform the major duties of the Grantee’s position
with the Company or its Affiliates by reason of any medically determinable physical or mental impairment which has lasted or can
be expected to last for a continuous period of not less than 12 months (or such other period as determined by the Committee),
as determined by a qualified doctor acceptable to the Company, (ii) if applicable, a “permanent and total disability”
as defined in Section 22(e)(3) of the Code or Section 409A(a)(2)(c)(i) of the Code, as amended from time to time, or (iii) as
defined in a policy of the Company that the Committee deems applicable to this Plan, or that makes reference to this Plan, for
purposes of this definition.

 

2.12.
“Employee” shall mean any person treated as an employee (including an officer or a director who is also treated
as an employee) in the records of the Company or any of its Affiliates (and in the case of 102 Awards, subject to Section 9.3
or in the case of Incentive Stock Options, who is an employee for purposes of Section 422 of the Code); provided, however, that
neither service as a director nor payment of a director’s fee shall be sufficient to constitute employment for purposes
of this Plan. The Company shall determine in good faith and in the exercise of its discretion whether an individual has become
or has ceased to be an Employee and the effective date of such individual’s employment or termination of employment, as
the case may be. For purposes of a person’s rights, if any, under this Plan as of the time of the Company’s determination,
all such determinations by the Company shall be final, binding and conclusive, notwithstanding that the Company or any court of
law or governmental agency subsequently makes a contrary determination.

 

2.13.
“employment”, “employed” and words of similar import shall be deemed to refer to the employment
of Employees or to the services of any other Service Provider, as the case may be.

 

2.14.
“exercise” “exercised” and words of similar import, when referring to an Award that does
not require exercise or that is settled upon vesting (such as may be the case with RSUs or Restricted Stock Award, if so determined
in their terms), shall be deemed to refer to the vesting of such an Award (regardless of whether or not the wording included reference
to vesting of such an Awards explicitly).

 

2.15.
“Exercise Period” shall mean the period, commencing on the date of grant of an Award, during which an Award
shall be exercisable, subject to any vesting provisions thereof (including any acceleration thereof, if any) and subject to the
termination provisions hereof.

 

2.16.
“Exercise Price” shall mean the exercise price for each share of Stock covered by an Option or the purchase
price for each share of Stock covered by any other Award.

 

2.17.
“Fair Market Value” shall mean, as of any date, the value of a share of Common Stock or other property as determined
by the Board, in its discretion, subject to the following: (i) if, on such date, the shares of Common Stock are listed on any
securities exchange, the average closing sales price per share of Common Stock on which the shares of Common Stock are principally
traded over the thirty (30) day calendar period preceding the subject date (utilizing all trading days during such 30 calendar
day period), as reported in The Wall Street Journal or such other source as the Company deems reliable; (ii) if, on such date,
the shares of Common Stock are then quoted in an over-the-counter market, the average of the closing bid and asked prices for
the shares of Common Stock in that market during the thirty (30) day calendar period preceding the subject date (utilizing all
trading days during such 30 calendar day period), as reported in The Wall Street Journal or such other source as the Company deems
reliable; (iii) if, on such date, the shares of Common Stock are not then listed on a securities exchange or quoted in an over-the-
counter market, or in case of any other property, such value as the Committee, in its sole discretion, shall determine, with full
authority to determine the method for making such determination and which determination shall be conclusive and binding on all
parties, and shall be made after such consultations with outside legal, accounting and other experts as the Committee may deem
advisable; provided, however, that, if applicable, the Fair Market Value of the share of Common Stock shall be determined in a
manner that satisfies the applicable requirements of and subject to Section 409A of the Code, and with respect to Incentive Stock
Options, in a manner that satisfies the applicable requirements of and subject to Section 422 of the Code, subject to Section
422(c)(7) of the Code. The Committee shall maintain a written record of its method of determining such value. If the share of
Common Stock are listed or quoted on more than one established stock exchange or over-the-counter market, the Committee shall
determine the principal such exchange or market and utilize the price of the share of Common Stock on that exchange or market
(determined as per the method described in clauses (i) or (ii) above, as applicable) for the purpose of determining Fair Market
Value.

 

    	 	 	 

    	 

    

 

2.18.
“Grantee” shall mean a person who has been granted an Award(s) under this Plan.

 

2.19.
“Ordinance” shall mean the Israeli Income Tax Ordinance (New Version) 1961, and the regulations and rules (including
the Rules) promulgated thereunder, all as amended from time to time.

 

2.20.
“Parent” shall mean any company (other than the Company), which now exists or is hereafter organized, (i) in
an unbroken chain of companies ending with the Company if, at the time of granting an Award, each of the companies (other than
the Company) owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one
of the other companies in such chain, or (ii) if applicable and for purposes of Incentive Stock Options, that is a “parent
corporation” of the Company, as defined in Section 424(e) of the Code.

 

2.21.
“Retirement” shall mean a Grantee’s retirement pursuant to Applicable Law or in accordance with the terms
of any tax-qualified retirement plan maintained by the Company or any of its Affiliates in which the Grantee participates or is
subject to.

 

2.22.
“Securities Act” shall mean the U.S. Securities Act of 1933, and the rules and regulations promulgated thereunder,
all as amended from time to time.

 

2.23.
“Service Provider” shall mean an Employee, director, officer, consultant, advisor and any other person or entity
who provides services to the Company or any Parent, Subsidiary or Affiliate thereof. Service Providers shall include prospective
Service Providers to whom Awards are granted in connection with written offers of an employment or other service relationship
with the Company or any Parent, Subsidiary or any Affiliates thereof, provided however that such employment or service shall have
actually commenced.

 

2.24.
“Common Stock” shall mean Common Stock, par value $0.0001 each of the Company (as adjusted for stock split,
reverse stock split, bonus shares of stock, combination or other recapitalization events), or share of stock of such other class
of stock of the Company as shall be designated by the Board in respect of the relevant Award(s). “Common Stock” include
any securities or property issued or distributed with respect thereto.

 

2.25.
“Subsidiary” shall mean any company (other than the Company), which now exists or is hereafter organized or
acquired by the Company, (i) in an unbroken chain of companies beginning with the Company if, at the time of granting an Award,
each of the companies other than the last company in the unbroken chain owns stock possessing fifty percent (50%) or more of the
total combined voting power of all classes of stock in one of the other companies in such chain, or (ii) if applicable and for
purposes of Incentive Stock Options, that is a “subsidiary corporation” of the Company, as defined in Section 424(f)
of the Code.

 

2.26.
“Ten Percent Stockholder” shall mean a Grantee who, at the time an Award is granted to the Grantee, owns shares
of stock possessing more than ten percent (10%) of the total combined voting power of all classes of shares of stock of the Company
or any Parent or Subsidiary, within the meaning of Section 422(b)(6) of the Code.

 

    	 	 	 

    	 

    

 

2.27.
“Trustee” shall mean the trustee appointed by the Committee to hold the Awards (and, in relation with 102 Awards,
approved by the ITA), if so appointed.

 

2.28.
Other Defined Terms. The following terms shall have the meanings ascribed to them in the Sections set forth below:

 

	Term	 	Section
	102
    Awards	 	1.2(i)
	102
    Capital Gains Track Awards	 	9.1
	102
    Non-Trustee Awards	 	9.2
	102
    Ordinary Income Track Awards	 	9.1
	102
    Trustee Awards	 	9.1
	3(9)
    Awards	 	1.2(ii)
	Award
    Agreement	 	6
	Cause	 	6.6.4.4
	Company	 	1.1
	Effective
    Date	 	24.1
	Election	 	9.2
	Eligible
    102 Grantees	 	9.3.1
	Incentive
    Stock Options	 	1.2(iii)
	ITA	 	1.1(i)
	Market
    Stand-Off	 	16.4.1
	Market
    Stand-Off Period	 	16.4.1
	Merger/Sale	 	14.2
	Nonqualified
    Stock Options	 	1.2(iv)
	Plan	 	1.1
	Recapitalization	 	14.1
	Required
    Holding Period	 	9.5
	Restricted
    Period	 	11.2
	Restricted
    Stock Agreement	 	11
	Restricted
    Stock Unit Agreement	 	12
	Restricted
    Stock Award	 	1.1
	RSUs	 	1.1
	Rules	 	1.1(i)
	Securities	 	17.1
	Successor
    Corporation	 	14.2.1
	Withholding
    Obligations	 	18.5

 

    	 	 	 

    	 

    

 

3.
ADMINISTRATION.

 

3.1.
To the extent permitted under Applicable Law, the Certificate of Incorporation, By-Laws and any other governing document of the
Company, this Plan shall be administered by the Committee. In the event that the Board does not appoint or establish a committee
to administer this Plan, this Plan shall be administered by the Board. In the event that an action necessary for the administration
of this Plan is required under Applicable Law to be taken by the Board without the right of delegation, or if such action or power
was explicitly reserved by the Board in appointing, establishing and empowering the Committee, then such action shall be so taken
by the Board. In any such event, all references herein to the Committee shall be construed as references to the Board. Even if
such a Committee was appointed or established, the Board may take any actions that are stated to be vested in the Committee, and
shall not be restricted or limited from exercising all rights, powers and authorities under this Plan or Applicable Law.

 

3.2.
The Board shall appoint the members of the Committee, may from time to time remove members from, or add members to, the Committee,
and shall fill vacancies in the Committee, however caused, provided that the composition of the Committee shall at all times be
in compliance with any mandatory requirements of Applicable Law, the Certificate of Incorporation, By-Laws and any other governing
document of the Company. The Committee may select one of its members as its Chairman and shall hold its meetings at such times
and places as it shall determine. The Committee may appoint a Secretary, who shall keep records of its meetings, and shall make
such rules and regulations for the conduct of its business as it shall deem advisable and subject to mandatory requirements of
Applicable Law.

 

3.3.
Subject to the terms and conditions of this Plan, any mandatory provisions of Applicable Law and any provisions of any Company
policy required under mandatory provisions of Applicable Law, and in addition to the Committee’s powers contained elsewhere
in this Plan, the Committee shall have full authority, in its discretion, from time to time and at any time, to determine any
of the following, or to recommend to the Board any of the following if it is not authorized to take such action according to Applicable
Law:

 

(i)
eligible Grantees,

 

(ii)
grants of Awards and setting the terms and provisions of Award Agreements (which need not be identical) and any other agreements
or instruments under which Awards are made, including, but not limited to, the number of shares of stock underlying each Award
and the class of stock underlying each Award (if more than one class was designated by the Board),

 

(iii)
the time or times at which Awards shall be granted,

 

(iv)
the terms, conditions and restrictions applicable to each Award (which need not be identical) and any shares of Common Stock acquired
upon the exercise or (if applicable) vesting thereof, including, without limitation, (1) designating Awards under Section 1.2;
(2) the vesting schedule, the acceleration thereof and terms and conditions upon which Awards may be exercised or become vested,
(3) the Exercise Price, (4) the method of payment for shares of Common Stock purchased upon the exercise or (if applicable) vesting
of the Awards, (5) the method for satisfaction of any tax withholding obligation arising in connection with the Awards or such
shares of Common Stock, including by the withholding or delivery of shares of Common Stock, (6) the time of the expiration of
the Awards, (7) the effect of the Grantee’s termination of employment with the Company or any of its Affiliates, and (8)
all other terms, conditions and restrictions applicable to the Award or the shares of Common Stock not inconsistent with the terms
of this Plan,

 

(v)
to accelerate, continue, extend or defer the exercisability of any Award or the vesting thereof, including with respect to the
period following a Grantee’s termination of employment or other service,

 

(vi)
the interpretation of this Plan and any Award Agreement and the meaning, interpretation and applicability of terms referred to
in Applicable Laws,

 

(vii)
policies, guidelines, rules and regulations relating to and for carrying out this Plan, and any amendment, supplement or rescission
thereof, as it may deem appropriate,

 

    	 	 	 

    	 

    

 

(viii)
to adopt supplements to, or alternative versions of, this Plan, including, without limitation, as it deems necessary or desirable
to comply with the laws of, or to accommodate the tax regime or custom of, foreign jurisdictions whose citizens or residents may
be granted Awards,

 

(ix)
the Fair Market Value of the Common Stock or other property,

 

(x)
the tax track (capital gains, ordinary income track or any other track available under the Section 102 of the Ordinance) for the
purpose of 102 Awards,

 

(xi)
the authorization and approval of conversion, substitution, cancellation or suspension under and in accordance with this Plan
of any or all Awards or shares of Common Stock,

 

(xii)
the amendment, modification, waiver or supplement of the terms of each outstanding Award (with the consent of the applicable Grantee,
if such amendments refers to the increase of the Exercise Price of Awards or reduction of the number of shares of Common Stock
underlying an Award (but, in each case, other than as a result of an adjustment or exercise of rights in accordance with Section
14)) unless otherwise provided under the terms of this Plan,

 

(xiii)
without limiting the generality of the foregoing, and subject to the provisions of Applicable Law, to grant to a Grantee, who
is the holder of an outstanding Award, in exchange for the cancellation of such Award, a new Award having an Exercise Price lower
than that provided in the Award so canceled and containing such other terms and conditions as the Committee may prescribe in accordance
with the provisions of this Plan or to set a new Exercise Price for the same Award lower than that previously provided in the
Award,

 

(xiv)
to correct any defect, supply any omission or reconcile any inconsistency in this Plan or any Award Agreement and all other determinations
and take such other actions with respect to this Plan or any Award as it may deem advisable to the extent not inconsistent with
the provisions of this Plan or Applicable Law, and

 

(xv)
any other matter which is necessary or desirable for, or incidental to, the administration of this Plan and any Award thereunder.

 

3.4.
The authority granted hereunder includes the authority to modify Awards to eligible individuals who are foreign nationals or are
individuals who are employed outside Israel to recognize differences in local law, tax policy or custom, in order to effectuate
the purposes of this Plan but without amending this Plan.

 

3.5.
The Board and the Committee shall be free at all times to make such determinations and take such actions as they deem fit. The
Board and the Committee need not take the same action or determination with respect to all Awards, with respect to certain types
of Awards, with respect to all Service Providers or any certain type of Service Providers and actions and determinations may differ
as among the Grantees, and as between the Grantees and any other holders of securities of the Company.

 

3.6.
All decisions, determinations, and interpretations of the Committee, the Board and the Company under this Plan shall be final
and binding on all Grantees (whether before or after the issuance of shares of Common Stock pursuant to Awards), unless otherwise
determined by the Committee, the Board or the Company, respectively. The Committee shall have the authority (but not the obligation)
to determine the interpretation and applicability of Applicable Laws to any Grantee or any Awards. No member of the Committee
or the Board shall be liable to any Grantee for any action taken or determination made in good faith with respect to this Plan
or any Award granted hereunder.

 

3.7.
Any officer or authorized signatory of the Company shall have the authority to act on behalf of the Company with respect to any
matter, right, obligation, determination or election which is the responsibility of or which is allocated to the Company herein,
provided such person has apparent authority with respect to such matter, right, obligation, determination or election. Such person
or authorized signatory shall not be liable to any Grantee for any action taken or determination made in good faith with respect
to this Plan or any Award granted hereunder.

 

    	 	 	 

    	 

    

 

4.
ELIGIBILITY.

 

Awards
may be granted to Service Providers of the Company or any Affiliate thereof, taking into account, at the Committee’s discretion
and without an obligation to do so, the qualification under each tax regime pursuant to which such Awards are granted, subject
to the limitation on the granting of Incentive Stock Options set forth in Section 8.1. A person who has been granted an Award
hereunder may be granted additional Awards, if the Committee shall so determine, subject to the limitations herein. However, eligibility
in accordance with this Section 4 shall not entitle any person to be granted an Award, or, having been granted an Award, to be
granted an additional Award.

 

Awards
may differ in number of shares of Common Stock covered thereby, the terms and conditions applying to them or on the Grantees or
in any other respect (including, that there should not be any expectation (and it is hereby disclaimed) that a certain treatment,
interpretation or position granted to one shall be applied to the other, regardless of whether or not the facts or circumstances
are the same or similar).

 

5.
COMMON STOCK.

 

5.1.
The maximum aggregate number of shares of Common Stock that may be issued pursuant to Awards under this Plan (the “Pool”)
shall initially be 2,000,000 authorized but unissued shares of Common Stock (except and as adjusted pursuant to Section 14.1 of
this Plan), or such other number as the Board may determine from time to time (without the need to amend the Plan in case of such
determination). However, except as adjusted pursuant to Section 14.1, in no event shall more than such number of shares of Common
Stock included in the Pool, as adjusted in accordance with Section 5.2, be available for issuance pursuant to the exercise of
Incentive Stock Options.

 

5.2.
Any share of Common Stock (a) underlying an Award granted hereunder or an award granted under the Company’s 2017 Employee
Incentive Plan (the “Prior Plan”) that has expired, or was cancelled, terminated, forfeited or, repurchased
or settled in cash in lieu of issuance of share of Common Stock, for any reason, without having been exercised; (b) if permitted
by the Company, tendered to pay the Exercise Price of an Award (or the exercise price or other purchase price of any option or
other award under the Prior Plan), or withholding tax obligations with respect to an Award (or any awards under the Prior Plan);
or (c) if permitted by the Company, subject to an Award (or any award under the Prior Plan) that are not delivered to a Grantee
because such shares of Common Stock are withheld to pay the Exercise Price of such Award (or of any award under the Prior Plan),
or withholding tax obligations with respect to such Award (or such other award); shall automatically, and without any further
action on the part of the Company or any Grantee, again be available for grant of Awards and shares of Common Stock issued upon
exercise of (if applicable) vesting thereof for the purposes of this Plan (unless this Plan shall have been terminated) or unless
the Board determines otherwise. Such shares of Common Stock may, in whole or in part, be authorized but unissued shares of Common
Stock, treasury stock (dormant shares) or shares of Common Stock otherwise that shall have been or may be repurchased by the Company.

 

5.3.
Any shares of Common Stock under the Pool that are not subject to outstanding or exercised Awards at the termination of this Plan
shall cease to be reserved for the purpose of this Plan.

 

5.4.
From and after the Effective Date, no further grants or awards shall be made under the Prior Plan; however, Awards made under
the Prior Plan before the Effective Date shall continue in effect in accordance with their terms.

 

6.
TERMS AND CONDITIONS OF AWARDS.

 

Each
Award granted pursuant to this Plan shall be evidenced by a written or electronic agreement between the Company and the Grantee
or a written or electronic notice delivered by the Company (the “Award Agreement”), in substantially such form
or forms and containing such terms and conditions, as the Committee shall from time to time approve. The Award Agreement shall
comply with and be subject to the following general terms and conditions and the provisions of this Plan (except for any provisions
applying to Awards under different tax regimes), unless otherwise specifically provided in such Award Agreement, or the terms
referred to in other Sections of this Plan applying to Awards under such applicable tax regimes, or terms prescribed by Applicable
Law. Award Agreements need not be in the same form and may differ in the terms and conditions included therein.

 

    	 	 	 

    	 

    

 

6.1.
Number of Shares of Common Stock. Each Award Agreement shall state the number of shares of Common Stock covered by the
Award.

 

6.2.
Type of Award. Each Award Agreement may state the type of Award granted thereunder, provided that the tax treatment of
any Award, whether or not stated in the Award Agreement, shall be as determined in accordance with Applicable Laws.

 

6.3.
Exercise Price. Each Award Agreement shall state the Exercise Price, if applicable. Subject to Sections 3, 7.2 and 8.2
and to the foregoing, the Committee may reduce the Exercise Price of any outstanding Award, on terms and subject to such conditions
as it deems advisable. The Exercise Price shall also be subject to adjustment as provided in Section 14 hereof.

 

6.4.
Manner of Exercise. An Award may be exercised, as to any or all shares of Common Stock as to which the Award has become
exercisable, by written notice delivered in person or by mail (or such other methods of delivery prescribed by the Company) to
such other person as determined by the Committee, or in any other manner as the Committee shall prescribe from time to time, specifying
the number of shares of Common Stock with respect to which the Award is being exercised (which may be equal to or lower than the
aggregate number of shares of Common Stock that have become exercisable at such time, subject to the last sentence of this Section),
accompanied by payment of the aggregate Exercise Price for such shares of Common Stock in the manner specified in the following
sentence. The Exercise Price shall be paid in full with respect to each share of Common Stock, at the time of exercise, either
in (i) cash, (ii) if the Company’s shares of Common Stock are listed for trading on any securities exchange or over-the-counter
market, and if the Committee so determines, all or part of the Exercise Price and any withholding taxes may be paid by the delivery
(on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell shares
of Common Stock and to deliver all or part of the sales proceeds to the Company or the Trustee, (iii) if the Company’s shares
of Common Stock are listed for trading on any securities exchange or over-the-counter market, and if the Committee so determines,
all or part of the Exercise Price and any withholding taxes may be paid by the delivery (on a form prescribed by the Company)
of an irrevocable direction to pledge shares of Common Stock to a securities broker or lender approved by the Company, as security
for a loan, and to deliver all or part of the loan proceeds to the Company or the Trustee, or (iv) in such other manner as the
Committee shall determine, which may include procedures for cashless exercise.

 

6.5.
Term and Vesting of Awards.

 

6.5.1.
Each Award Agreement shall provide the vesting schedule for the Award as determined by the Committee. The Committee shall have
the authority to determine the vesting schedule and accelerate the vesting of any outstanding Award at such time and under such
circumstances as it, in its sole discretion, deems appropriate. Unless otherwise resolved by the Committee and stated in the Award
Agreement, and subject to Sections 6.6 and 6.7 hereof, Awards shall vest and become exercisable under the following schedule:
twenty five percent (25%) of the shares of Common Stock covered by the Award shall vest on, the first anniversary of the vesting
commencement date determined by the Committee (and in the absence of such determination, of date on which such Award was granted),
and six and a quarter percent (6.25%) of the shares of Common Stock covered by the Award at the end of each subsequent three-month
period thereafter over the course of the following three (3) years; provided that the Grantee remains continuously as a Service
Provider of the Company or its Affiliates throughout such vesting dates.

 

    	 	 	 

    	 

    

 

6.5.2.
The Award Agreement may contain performance goals and measurements (which, in case of 102 Awards, shall, if then required, be
subject to obtaining a specific tax ruling or determination from the ITA), and the provisions with respect to any Award need not
be the same as the provisions with respect to any other Award. Such performance goals may include, but are not limited to, sales,
earnings before interest and taxes, return on investment, earnings per share, any combination of the foregoing or rate of growth
of any of the foregoing, as determined by the Committee. The Committee may adjust performance goals pursuant to Awards previously
granted to take into account changes in law and accounting and tax rules and to make such adjustments as the Committee deems necessary
or appropriate to reflect the inclusion or the exclusion of the impact of extraordinary or unusual items, events or circumstances.

 

6.5.3.
The Exercise Period of an Award will be seven (7) years from the date of grant of the Award, unless otherwise determined by the
Committee and stated in the Award Agreement, but subject to the vesting provisions described above and the early termination provisions
set forth in

 

Sections
6.6 and 6.7 hereof. At the expiration of the Exercise Period, any Award, or any part thereof, that has not been exercised within
the term of the Award and the shares of Common Stock covered thereby not paid for in accordance with this Plan and the Award Agreement
shall terminate and become null and void, and all interests and rights of the Grantee in and to the same shall expire.

 

6.6.
Termination.

 

6.6.1.
Unless otherwise determined by the Committee, and subject to Section 6.7 hereof, an Award may not be exercised unless the Grantee
is then a Service Provider of the Company or an Affiliate thereof or, in the case of an Incentive Stock Option, a company or a
parent or subsidiary company of such company issuing or assuming the Option in a transaction to which Section 424(a) of the Code
applies, and unless the Grantee has remained continuously so employed since the date of grant of the Award and throughout the
vesting dates.

 

6.6.2.
In the event that the employment or service of a Grantee shall terminate (other than by reason of death, Disability or Retirement),
all Awards of such Grantee that are unvested at the time of such termination shall terminate on the date of such termination,
and all Awards of such Grantee that are vested and exercisable at the time of such termination may be exercised within up to 90
days after the date of such termination (or such different period as the Committee shall prescribe), provided that the 90-day
period shall not include the days of the first blackout period ending following the date of termination of the employment or service
relationship, pursuant to the Company’s Insider Trading Policy, but in any event no later than the date of expiration of
the Award’s term as set forth in the Award Agreement or pursuant to this Plan; provided further, however,
that if the Company (or the Subsidiary or Affiliate, when applicable) shall terminate the Grantee’s employment or service
for Cause (as defined below) or if at any time during the Exercise Period (whether prior to and after termination of employment
or service, and whether or not the Grantee’s employment or service is terminated by either party as a result thereof), facts
or circumstances arise or are discovered with respect to the Grantee that would have constituted Cause, all Awards theretofore
granted to such Grantee (whether vested or not) shall, to the extent not theretofore exercised, terminate on the date of such
termination (or on such subsequent date on which such facts or circumstances arise or are discovered, as the case may be) unless
otherwise determined by the Committee; and any shares of Common Stock issued upon exercise or (if applicable) vesting of Awards
(including other shares of Common Stock or securities issued or distributed with respect thereto), whether held by the Grantee
or by the Trustee for the Grantee’s benefit, shall be deemed to be irrevocably offered for sale to the Company, any of its
Affiliates or any person designated by the Company to purchase, at the Company’s election and subject to Applicable Law,
either for no consideration, for the par value of such shares of Common Stock (if the shares of common stock bear a par value)
or against payment of the Exercise Price previously received by the Company for such shares of Common Stock upon their issuance,
as the Committee deems fit, upon written notice to the Grantee at any time after the Grantee’s termination of employment
or service. Such shares of Common Stock or other securities shall be sold and transferred within 30 days from the date of the
Company’s notice of its election to exercise its right. If the Grantee fails to transfer such shares of Common Stock or
other securities to the Company, the Company, at the decision of the Committee, shall be entitled to forfeit or repurchase such
shares of Common Stock and to authorize any person to execute on behalf of the Grantee any document necessary to effect such transfer,
whether or not the stock certificates are surrendered. The Company shall have the right and authority to affect the above either
by: (i) repurchasing all of such shares of Common Stock or other securities held by the Grantee or by the Trustee for the benefit
of the Grantee, or designate any other person who shall have the right and authority to purchase all of such shares of Common
Stock or other securities, for the Exercise Price paid for such shares of Common Stock, the par value of such shares of Common
Stock (if shares of common stock bear a par value) or for no payment or consideration whatsoever, as the Committee deems fit;
(ii) forfeiting all such shares of Common Stock or other securities; (iii) redeeming all such shares of Common Stock or other
securities, for the Exercise Price paid for such shares of Common Stock, the par value of such shares of Common Stock (if shares
of Common Stock bear a par value) or for no payment or consideration whatsoever, as the Committee deems fit; (iv) taking action
in order to have such shares of Common Stock or other securities converted into deferred shares of Common Stock entitling their
holder only to their par value (if shares of Common Stock bear a par value) upon liquidation of the Company; or (v) taking any
other action which may be required in order to achieve similar results; all as shall be determined by the Committee, at its sole
and absolute discretion, and the Grantee is deemed to irrevocably empower the Company or any person which may be designated by
it to take any action by, in the name of or on behalf of the Grantee to comply with and give effect to such actions (including,
voting such shares of Common Stock, filling in, signing and delivering stock transfer deeds, etc.).

 

    	 	 	 

    	 

    

 

6.6.3.
Notwithstanding anything to the contrary, the Committee, in its absolute discretion, may, on such terms and conditions as it may
determine appropriate, extend the periods for which Awards held by any Grantee may continue to vest and be exercisable; it being
clarified that such Awards may lose their entitlement to certain tax benefits under Applicable Law as a result of the modification
of such Awards and/or in the event that the Award is exercised beyond the later of: (i) 90 days after the date of termination
of the employment or service relationship, provided that the 90-day period shall not include the days of the first blackout period
ending following the date of termination of the employment or service relationship, pursuant to the Company’s Insider Trading
Policy; or (ii) the applicable period under Section 6.7 below with respect to a termination of the employment or service relationship
because of the death, Disability or Retirement of Grantee.

 

6.6.4.
For purposes of this Plan:

 

6.6.4.1.
a termination of employment or service of a Grantee shall not be deemed to occur (except to the extent required by the Code with
respect to the Incentive Stock Option status of an Option) in case of (i) a transition or transfer of a Grantee among the Company
and its Affiliates, (ii) a change in the capacity in which the Grantee is employed or renders service to the Company or any of
its Affiliates or a change in the identity of the employing or engagement entity among the Company and its Affiliates, provided,
in case of (i) and (ii) above, that the Grantee has remained continuously employed by and/or in the service of the Company and
its Affiliates since the date of grant of the Award and throughout the vesting period; or (iii) if the Grantee takes any unpaid
leave as set forth in Section 6.8(i) below.

 

6.6.4.2.
An entity or an Affiliate thereof assuming an Award or issuing in substitution thereof in a transaction to which Section 424(a)
of the Code applies or in a Merger/Sale in accordance with Section 14 shall be deemed as an Affiliate of the Company for purposes
of this Section 6.6, unless the Committee determines otherwise.

 

6.6.4.3.
In the case of a Grantee whose principal employer or service recipient is a Subsidiary or Affiliate, the Grantee’s employment
shall also be deemed terminated for purposes of this Section 6.6 as of the date on which such principal employer or service recipient
ceases to be a Subsidiary or Affiliate.

 

    	 	 	 

    	 

    

 

6.6.4.4.
The term “Cause” shall mean (irrespective of, and in addition to, any definition included in any other agreement
or instrument applicable to the Grantee, and unless otherwise determined by the Committee) any of the following: (i) any theft,
fraud, embezzlement, dishonesty, willful misconduct, breach of fiduciary duty for personal profit, falsification of any documents
or records of the Company or any of its Affiliates, felony or similar act by the Grantee (whether or not related to the Grantee’s
relationship with the Company); (ii) an act of moral turpitude by the Grantee, or any act that causes significant injury to, or
is otherwise adversely affecting, the reputation, business, assets, operations or business relationship of the Company (or a Subsidiary
or Affiliate, when applicable); (iii) any breach by the Grantee of any material agreement with or of any material duty of the
Grantee to the Company or any Subsidiary or Affiliate thereof (including breach of confidentiality, non-disclosure, non-use non-
competition or non-solicitation covenants towards the Company or any of its Affiliates) or failure to abide by code of conduct
or other policies (including, without limitation, policies relating to confidentiality and reasonable workplace conduct); or (iv)
any act which constitutes a breach of a Grantee’s fiduciary duty towards the Company or an Affiliate or Subsidiary, including
disclosure of confidential or proprietary information thereof or acceptance or solicitation to receive unauthorized or undisclosed
benefits, irrespective of their nature, or funds, or promises to receive either, from individuals, consultants or corporate entities
that the Company or a Subsidiary does business with; (v) the Grantee’s unauthorized use, misappropriation, destruction,
or diversion of any tangible or intangible asset or corporate opportunity of the Company or any of its Affiliates (including,
without limitation, the improper use or disclosure of confidential or proprietary information); or (vi) any circumstances that
constitute grounds for termination for cause under the Grantee’s employment or service agreement with the Company or Affiliate,
to the extent applicable. For the avoidance of doubt, the determination as to whether a termination is for Cause for purposes
of this Plan, shall be made in good faith by the Committee and shall be final and binding on the Grantee.

 

6.7.
Death, Disability or Retirement of Grantee.

 

6.7.1.
If a Grantee shall die while employed by, or performing service for, the Company or its Affiliates, or within the 90 days period
(or such longer period of time as determined by the Board, in its discretion) after the date of termination of such Grantee’s
employment or service (or within such different period as the Committee may have provided pursuant to Section 6.6 hereof), or
if the Grantee’s employment or service shall terminate by reason of Disability, all Awards theretofore granted to such Grantee
may (to the extent otherwise vested and exercisable and unless earlier terminated in accordance with their terms) be exercised
by the Grantee or by the Grantee’s estate or by a person who acquired the legal right to exercise such Awards by bequest
or inheritance, or by a person who acquired the legal right to exercise such Awards in accordance with applicable law in the case
of Disability of the Grantee, as the case may be, at any time within one (1) year (or such longer period of time as determined
by the Committee, in its discretion) after the death or Disability of the Grantee (or such different period as the Committee shall
prescribe), but in any event no later than the date of expiration of the Award’s term as set forth in the Award Agreement
or pursuant to this Plan. In the event that an Award granted hereunder shall be exercised as set forth above by any person other
than the Grantee, written notice of such exercise shall be accompanied by a certified copy of letters testamentary or proof satisfactory
to the Committee of the right of such person to exercise such Award.

 

6.7.2.
In the event that the employment or service of a Grantee shall terminate on account of such Grantee’s Retirement, all Awards
of such Grantee that are exercisable at the time of such Retirement may, unless earlier terminated in accordance with their terms,
be exercised at any time within one (1) year period after the date of such Retirement (or such different period as the Committee
shall prescribe).

 

6.8.
Suspension of Vesting. Unless the Committee provides otherwise, vesting of Awards granted hereunder shall be suspended
during any unpaid leave of absence, other than in the case of any (i) leave of absence which was pre-approved by the Company explicitly
for purposes of continuing the vesting of Awards, or (ii) transfers between locations of the Company or any of its Affiliates,
or between the Company and any of its Affiliates, or any respective successor thereof. For clarity, for purposes of this Plan,
military leave, statutory maternity or paternity leave or sick leave are not deemed unpaid leave of absence.

 

    	 	 	 

    	 

    

 

6.9.
Securities Law Restrictions. Except as otherwise provided in the applicable Award Agreement or other agreement between
the Service Provider and the Company, if the exercise of an Award following the termination of the Service Provider’s employment
or service (other than for Cause) would be prohibited at any time solely because the issuance of shares of Common Stock would
violate the registration requirements under the Securities Act or equivalent requirements under equivalent laws of other applicable
jurisdictions, then the Award shall remain exercisable and terminate on the earlier of (i) the expiration of a period of 90 days
(or such longer period of time as determined by the Board, in its discretion) after the termination of the Service Provider’s
employment or service during which the exercise of the Award would not be in such violation, or (ii) the expiration of the term
of the Award as set forth in the Award Agreement or pursuant to this Plan. In addition, unless otherwise provided in a Grantee’s
Award Agreement, if the sale of any share of Common Stock received upon exercise or (if applicable) vesting of an Award following
the termination of the Grantee’s employment or service (other than for Cause) would violate the Company’s insider
trading policy, then the Award shall terminate on the earlier of (i) the expiration of a period equal to the applicable post-termination
exercise period after the termination of the Grantee’s employment or service during which the exercise of the Award would
not be in violation of the Company’s insider trading policy, or (ii) the expiration of the term of the Award as set forth
in the applicable Award Agreement or pursuant to this Plan.

 

6.10.
Other Provisions. The Award Agreement evidencing Awards under this Plan shall contain such other terms and conditions not
inconsistent with this Plan as the Committee may determine, at or after the date of grant, including provisions in connection
with the restrictions on transferring the Awards or shares of Common Stock covered by such Awards, which shall be binding upon
the Grantees and any purchaser, assignee or transferee of any Awards, and other terms and conditions as the Committee shall deem
appropriate.

 

7.
NONQUALIFIED STOCK OPTIONS.

 

Awards
granted pursuant to this Section 7 are intended to constitute Nonqualified Stock Options and shall be subject to the general terms
and conditions specified in Section 6 hereof and other provisions of this Plan, except for any provisions of this Plan applying
to Awards under different tax laws or regulations. In the event of any inconsistency or contradictions between the provisions
of this Section 7 and the other terms of this Plan, this Section 7 shall prevail.

 

7.1.
Certain Limitations on Eligibility for Nonqualified Stock Options. Nonqualified Stock Options may not be granted to a Service
Provider who is deemed to be a resident of the United States for purposes of taxation or who is otherwise subject to United States
federal income tax unless the shares of Common Stock underlying such Options constitute “service recipient stock”
under Section 409A of the Code or unless such Options comply with the payment requirements of Section 409A of the Code.

 

7.2.
Exercise Price. The Exercise Price of a Nonqualified Stock Option shall not be less than 100% of the Fair Market Value
of a share of Common Stock on the date of grant of such Option unless the Committee specifically indicates that the Awards will
have a lower Exercise Price and the Award complies with Section 409A of the Code. Notwithstanding the foregoing, a Nonqualified
Stock Option may be granted with an exercise price lower than the minimum exercise price set forth above if such Award is granted
pursuant to an assumption or substitution for another option in a manner qualifying under the provisions of that complies with
Section 424(a) of the Code1.409A-1(b)(5)(v)(D) of the U.S. Treasury Regulations or any successor guidance.

 

8.
INCENTIVE STOCK OPTIONS.

 

Awards
granted pursuant to this Section 8 are intended to constitute Incentive Stock Options and shall be granted subject to the following
special terms and conditions, the general terms and conditions specified in Section 6 hereof and other provisions of this Plan,
except for any provisions of this Plan applying to Awards under different tax laws or regulations. In the event of any inconsistency
or contradictions between the provisions of this Section 8 and the other terms of this Plan, this Section 8 shall prevail.

 

    	 	 	 

    	 

    

 

8.1.
Eligibility for Incentive Stock Options. Incentive Stock Options may be granted only to Employees of the Company, or to
Employees of a Parent or Subsidiary, determined as of the date of grant of such Options. An Incentive Stock Option granted to
a prospective Employee upon the condition that such person become an Employee shall be deemed granted effective on the date such
person commences employment, with an exercise price determined as of such date in accordance with Section 8.2.

 

8.2.
Exercise Price. The Exercise Price of an Incentive Stock Option shall not be less than one hundred percent (100%) of the
Fair Market Value of the share of Common Stock covered by the Awards on the date of grant of such Option or such other price as
may be determined pursuant to the Code. Notwithstanding the foregoing, an Incentive Stock Option may be granted with an exercise
price lower than the minimum exercise price set forth above if such Award is granted pursuant to an assumption or substitution
for another option in a manner that complies with the provisions of Section 424(a) of the Code.

 

8.3.
Date of Grant. Notwithstanding any other provision of this Plan to the contrary, no Incentive Stock Option may be granted
under this Plan after 10 years from the date this Plan is adopted, or the date this Plan is approved by the stockholders, whichever
is earlier.

 

8.4.
Exercise Period. No Incentive Stock Option shall be exercisable after the expiration of ten (10) years after the effective
date of grant of such Award, subject to Section 8.6. No Incentive Stock Option granted to a prospective Employee may become exercisable
prior to the date on which such person commences employment.

 

8.5.
$100,000 Per Year Limitation. The aggregate Fair Market Value (determined as of the date the Incentive Stock Option is
granted) of the shares of Common Stock with respect to which all Incentive Stock Options granted under this Plan and all other
“incentive stock option” plans of the Company, or of any Parent or Subsidiary or Affiliate, become exercisable for
the first time by each Grantee during any calendar year shall not exceed one hundred thousand United States dollars ($100,000)
with respect to such Grantee. To the extent that the aggregate Fair Market Value of the shares of Common Stock with respect to
which such Incentive Stock Options and any other such incentive stock options are exercisable for the first time by any Grantee
during any calendar year exceeds one hundred thousand United States dollars ($100,000), such options shall be treated as Nonqualified
Stock Options. The foregoing shall be applied by taking options into account in the order in which they were granted. If the Code
is amended to provide for a different limitation from that set forth in this Section 8.5, such different limitation shall be deemed
incorporated herein effective as of the date and with respect to such Awards as required or permitted by such amendment to the
Code. If an Option is treated as an Incentive Stock Option in part and as a Nonqualified Stock Option in part by reason of the
limitation set forth in this Section 8.5, the Grantee may designate which portion of such Option the Grantee is exercising. In
the absence of such designation, the Grantee shall be deemed to have exercised the Incentive Stock Option portion of the Option
first. Separate certificates representing each such portion may be issued upon the exercise of the Option.

 

8.6.
Ten Percent Stockholder. In the case of an Incentive Stock Option granted to a Ten Percent Stockholder, (i) the Exercise
Price shall not be less than one hundred and ten percent (110%) of the Fair Market Value of a share of Common Stock on the date
of grant of such Incentive Stock Option, and (ii) the Exercise Period shall not exceed five (5) years from the effective date
of grant of such Incentive Stock Option.

 

8.7.
Payment of Exercise Price. Each Award Agreement evidencing an Incentive Stock Option shall state each alternative method
by which the Exercise Price thereof may be paid.

 

8.8.
Leave of Absence. Notwithstanding Section 6.8, a Grantee’s employment shall not be deemed to have terminated if the
Grantee takes any leave as set forth in Section 6.8(i); provided, however, that if any such leave exceeds three (3) months, on
the day that is six (6) months following the commencement of such leave any Incentive Stock Option held by the Grantee shall cease
to be treated as an Incentive Stock Option and instead shall be treated thereafter as a Nonqualified Stock Option, unless the
Grantee’s right to return to employment is guaranteed by statute or contract.

 

    	 	 	 

    	 

    

 

8.9.
Exercise Following Termination for Disability. Notwithstanding anything else in this Plan to the contrary, Incentive Stock
Options that are not exercised within three (3) months following termination of the Grantee’s employment with the Company
or its Parent or Subsidiary or a corporation or a Parent or Subsidiary of such corporation issuing or assuming an Option in a
transaction to which Section 424(a) of the Code applies, or within one year in case of termination of the Grantee’s employment
with the Company or its Parent or Subsidiary due to a Disability (within the meaning of Section 22(e)(3) of the Code), shall be
deemed to be Nonqualified Stock Options.

 

8.10.
Adjustments to Incentive Stock Options. Any Awards Agreement providing for the grant of Incentive Stock Options shall indicate
that adjustments made pursuant to this Plan with respect to Incentive Stock Options could constitute a “modification”
of such Incentive Stock Options (as that term is defined in Section 424(h) of the Code) or could cause adverse tax consequences
for the holder of such Incentive Stock Options and that the holder should consult with his or her tax advisor regarding the consequences
of such “modification” on his or her income tax treatment with respect to the Incentive Stock Option.

 

8.11.
Notice to Company of Disqualifying Disposition. Each Grantee who receives an Incentive Stock Option must agree to notify
the Company in writing immediately after the Grantee makes a Disqualifying Disposition of any share of Common Stock received pursuant
to the exercise of Incentive Stock Options. A “Disqualifying Disposition” is any disposition (including any sale)
of such share of Common Stock before the later of (i) two years after the date the Grantee was granted the Incentive Stock Option,
or (ii) one year after the date the Grantee acquired shares of Common Stock by exercising the Incentive Stock Option. If the Grantee
dies before such shares of Common Stock are sold, these holding period requirements do not apply and no disposition of the shares
of Common Stock will be deemed a Disqualifying Disposition.

 

9.
102 AWARDS.

 

Awards
granted pursuant to this Section 9 are intended to constitute 102 Awards and shall be granted subject to the following special
terms and conditions, the general terms and conditions specified in Section 6 hereof and other provisions of this Plan, except
for any provisions of this Plan applying to Awards under different tax laws or regulations. In the event of any inconsistency
or contradictions between the provisions of this Section 9 and the other terms of this Plan, this Section 9 shall prevail.

 

9.1.
Tracks. Awards granted pursuant to this Section 9 are intended to be granted pursuant to Section 102 of the Ordinance pursuant
to either (i) Section 102(b)(2) or (3) thereof (as applicable), under the capital gain track (“102 Capital Gain Track
Awards”), or (ii) Section 102(b)(1) thereof under the ordinary income track (“102 Ordinary Income Track Awards”,
and together with 102 Capital Gain Track Awards, “102 Trustee Awards”). 102 Trustee Awards shall be granted
subject to the special terms and conditions contained in this Section 9, the general terms and conditions specified in Section
6 hereof and other provisions of this Plan, except for any provisions of this Plan applying to Options under different tax laws
or regulations.

 

9.2.
Election of Track. Subject to Applicable Law, the Company may grant only one type of 102 Trustee Awards at any given time
to all Grantees who are to be granted 102 Trustee Awards pursuant to this Plan, and shall file an election with the ITA regarding
the type of 102 Trustee Awards it elects to grant before the date of grant of any 102 Trustee Awards (the “Election”).
Such Election shall also apply to any other securities, including bonus shares, received by any Grantee as a result of holding
the 102 Trustee Awards. The Company may change the type of 102 Trustee Awards that it elects to grant only after the expiration
of at least 12 months from the end of the year in which the first grant was made in accordance with the previous Election, or
as otherwise provided by Applicable Law. Any Election shall not prevent the Company from granting Awards, pursuant to Section
102(c) of the Ordinance without a Trustee (“102 Non-Trustee Awards”).

 

    	 	 	 

    	 

    

 

9.3.
Eligibility for Awards.

 

9.3.1.
Subject to Applicable Law, 102 Awards may only be granted to an “employee” within the meaning of Section 102(a) of
the Ordinance (which as of the date of the adoption of this Plan means (i) individuals employed by an Israeli company being the
Company or any of its Affiliates, and (ii) individuals who are serving and are engaged personally (and not through an entity)
as “office holders” by such an Israeli company), but may not be granted to a Controlling Stockholder (“Eligible
102 Grantees”). Eligible 102 Grantees may receive only 102 Awards, which may either be granted to a Trustee or granted
under Section 102 of the Ordinance without a Trustee.

 

9.4.
102 Award Grant Date.

 

9.4.1.
Each 102 Award will be deemed granted on the date determined by the Committee, subject to Section 9.4.2, provided that (i) the
Grantee has signed all documents required by the Company or pursuant to Applicable Law, and (ii) with respect to 102 Trustee Award,
the Company has provided all applicable documents to the Trustee in accordance with the guidelines published by the ITA, and if
an agreement is not signed and delivered by the Grantee within 90 days from the date determined by the Committee (subject to Section
9.4.2), then such 102 Trustee Award shall be deemed granted on such later date as such agreement is signed and delivered and on
which the Company has provided all applicable documents to the Trustee in accordance with the guidelines published by the ITA.
In the case of any contradiction, this provision and the date of grant determined pursuant hereto shall supersede and be deemed
to amend any date of grant indicated in any corporate resolution or Award Agreement.

 

9.4.2.
Unless otherwise permitted by the Ordinance, any grants of 102 Trustee Awards that are made on or after the date of the adoption
of this Plan or an amendment to this Plan, as the case may be, that may become effective only at the expiration of thirty (30)
days after the filing of this Plan or any amendment thereof (as the case may be) with the ITA in accordance with the Ordinance
shall be conditional upon the expiration of such 30-day period, such condition shall be read and is incorporated by reference
into any corporate resolutions approving such grants and into any Award Agreement evidencing such grants (whether or not explicitly
referring to such condition), and the date of grant shall be at the expiration of such 30-day period, whether or not the date
of grant indicated therein corresponds with this Section. In the case of any contradiction, this provision and the date of grant
determined pursuant hereto shall supersede and be deemed to amend any date of grant indicated in any corporate resolution or Award
Agreement.

 

9.5.
102 Trustee Awards.

 

9.5.1.
Each 102 Trustee Award, each share of Common Stock issued pursuant to the exercise of any 102 Trustee Award, and any rights granted
thereunder, including bonus shares, shall be issued to and registered in the name of the Trustee and shall be held in trust for
the benefit of the Grantee for the requisite period prescribed by the Ordinance or such longer period as set by the Committee
(the “Required Holding Period”). In the event that the requirements under Section 102 of the Ordinance to qualify
an Award as a 102 Trustee Award are not met, then the Award may be treated as a 102 Non- Trustee Award or 3(9) Award, all in accordance
with the provisions of the Ordinance. After expiration of the Required Holding Period, the Trustee may release such 102 Trustee
Awards and any such shares of Common Stock, provided that (i) the Trustee has received an acknowledgment from the ITA that the
Grantee has paid any applicable taxes due pursuant to the Ordinance, or (ii) the Trustee and/or the Company and/or its Affiliate
withholds all applicable taxes and compulsory payments due pursuant to the Ordinance arising from the 102 Trustee Awards and/or
any shares of Common Stock issued upon exercise or (if applicable) vesting of such 102 Trustee Awards. The Trustee shall not release
any 102 Trustee Awards or shares of Common Stock issued upon exercise or (if applicable) vesting thereof prior to the payment
in full of the Grantee’s tax and compulsory payments arising from such 102 Trustee Awards and/or shares of Common Stock
or the withholding referred to in (ii) above.

 

    	 	 	 

    	 

    

 

9.5.2.
Each 102 Trustee Award shall be subject to the relevant terms of the Ordinance, the Rules and any determinations, rulings or approvals
issued by the ITA, which shall be deemed an integral part of the 102 Trustee Awards and shall prevail over any term contained
in this Plan or Award Agreement that is not consistent therewith. Any provision of the Ordinance, the Rules and any determinations,
rulings or approvals by the ITA not expressly specified in this Plan or Award Agreement that are necessary to receive or maintain
any tax benefit pursuant to Section 102 of the Ordinance shall be binding on the Grantee. The Grantee granted a 102 Trustee Awards
shall comply with the Ordinance and the terms and conditions of the trust agreement entered into between the Company and the Trustee.
The Grantee shall execute any and all documents that the Company and/or its Affiliates and/or the Trustee determine from time
to time to be necessary in order to comply with the Ordinance and the Rules.

 

9.5.3.
During the Required Holding Period, the Grantee shall not release from trust or sell, assign, transfer or give as collateral,
the shares of Common Stock issuable upon the exercise or (if applicable) vesting of a 102 Trustee Awards and/or any securities
issued or distributed with respect thereto, until the expiration of the Required Holding Period. Notwithstanding the above, if
any such sale, release or other action occurs during the Required Holding Period it may result in adverse tax consequences to
the Grantee under Section 102 of the Ordinance and the Rules, which shall apply to and shall be borne solely by such Grantee.
Subject to the foregoing, the Trustee may, pursuant to a written request from the Grantee, but subject to the terms of this Plan,
release and transfer such shares of Common Stock to a designated third party, provided that both of the following conditions have
been fulfilled prior to such release or transfer: (i) payment has been made to the ITA of all taxes and compulsory payments required
to be paid upon the release and transfer of the shares of Common Stock, and confirmation of such payment has been received by
the Trustee and the Company, and (ii) the Trustee has received written confirmation from the Company that all requirements for
such release and transfer have been fulfilled according to the terms of the Company’s corporate documents, any agreement
governing the shares of Common Stock, this Plan, the Award Agreement and any Applicable Law.

 

9.5.4.
If a 102 Trustee Award is exercised or (if applicable) vested, the shares of Common Stock issued upon such exercise or (if applicable)
vesting shall be issued in the name of the Trustee for the benefit of the Grantee.

 

9.5.5.
Upon or after receipt of a 102 Trustee Award, if required, the Grantee may be required to sign an undertaking to release the Trustee
from any liability with respect to any action or decision duly taken and executed in good faith by the Trustee in relation to
this Plan, or any 102 Trustee Awards or shares of Common Stock granted to such Grantee thereunder.

 

9.6.
102 Non-Trustee Awards. The foregoing provisions of this Section 9 relating to 102 Trustee Awards shall not apply with
respect to 102 Non-Trustee Awards, which shall, however, be subject to the relevant provisions of Section 102 of the Ordinance
and the applicable Rules. The Committee may determine that 102 Non-Trustee Awards, the shares of Common Stock issuable upon the
exercise or (if applicable) vesting of a 102 Non-Trustee Awards and/or any securities issued or distributed with respect thereto,
shall be allocated or issued to the Trustee, who shall hold such 102 Non-Trustee Awards and all accrued rights thereon (if any),
in trust for the benefit of the Grantee and/or the Company, as the case may be, until the full payment of tax arising from the
102 Non-Trustee Awards, the shares of Common Stock issuable upon the exercise or (if applicable) vesting of a 102 Non-Trustee
Awards and/or any securities issued or distributed with respect thereto. The Company may choose, alternatively, to force the Grantee
to provide it with a guarantee or other security, to the satisfaction of each of the Trustee and the Company, until the full payment
of the applicable taxes.

 

9.7.
Written Grantee Undertaking. To the extent and with respect to any 102 Trustee Award, and as required by Section 102 of
the Ordinance and the Rules, by virtue of the receipt of such Award, the Grantee is deemed to have undertaken and confirm in writing
the following (and such undertaking is deemed incorporated into any documents signed by the Grantee in connection with the employment
or service of the Grantee and/or the grant of such Award). The following written undertaking shall be deemed to apply and relate
to all 102 Trustee Awards granted to the Grantee, whether under this Plan or other plans maintained by the Company, and whether
prior to or after the date hereof.

 

9.7.1.
The Grantee shall comply with all terms and conditions set forth in Section 102 of the Ordinance with regard to the “Capital
Gain Track” or the “Ordinary Income Track”, as applicable, and the applicable rules and regulations promulgated
thereunder, as amended from time to time;

 

    	 	 	 

    	 

    

 

9.7.2.
The Grantee is familiar with, and understands the provisions of, Section 102 of the Ordinance in general, and the tax arrangement
under the “Capital Gain Track” or the “Ordinary Income Track” in particular, and its tax consequences;
the Grantee agrees that the 102 Trustee Awards and shares of Common Stock that may be issued upon exercise or (if applicable)
vesting of the 102 Trustee Awards (or otherwise in relation to the 102 Trustee Awards), will be held by a trustee appointed pursuant
to Section 102 of the Ordinance for at least the duration of the “Holding Period” (as such term is defined in Section
102) under the “Capital Gain Track” or the “Ordinary Income Track”, as applicable. The Grantee understands
that any release of such 102 Trustee Awards or shares of Common Stock from trust, or any sale of the shares of Common Stock prior
to the termination of the Holding Period, as defined above, will result in taxation at marginal tax rate, in addition to deductions
of appropriate social security, health tax contributions or other compulsory payments; and

 

9.7.3.
The Grantee agrees to the trust deed signed between the Company, his employing company and the trustee appointed pursuant to Section
102 of the Ordinance.

 

10.
3(9) AWARDS.

 

Awards
granted pursuant to this Section 10 are intended to constitute 3(9) Awards and shall be granted subject to the general terms and
conditions specified in Section 6 hereof and other provisions of this Plan, except for any provisions of this Plan applying to
Awards under different tax laws or regulations. In the event of any inconsistency or contradictions between the provisions of
this Section 10 and the other terms of this Plan, this Section 10 shall prevail.

 

10.1.
To the extent required by the Ordinance or the ITA or otherwise deemed by the Committee to be advisable, the 3(9) Awards and/or
any shares of Common Stock or other securities issued or distributed with respect thereto granted pursuant to this Plan shall
be issued to a Trustee nominated by the Committee in accordance with the provisions of the Ordinance. In such event, the Trustee
shall hold such Awards and/or any shares of Common Stock or other securities issued or distributed with respect thereto in trust,
until exercised or (if applicable) vested by the Grantee and the full payment of tax arising therefrom, pursuant to the Company’s
instructions from time to time as set forth in a trust agreement, which will have been entered into between the Company and the
Trustee. If determined by the Board or the Committee, and subject to such trust agreement, the Trustee shall be responsible for
withholding any taxes to which a Grantee may become liable upon issuance of shares of Common Stock, whether due to the exercise
or (if applicable) vesting of Awards.

 

10.2.
Shares of Common Stock pursuant to a 3(9) Award shall not be issued, unless the Grantee delivers to the Company payment in cash
or by bank check or such other form acceptable to the Committee of all withholding taxes due, if any, on account of the Grantee
acquired shares of Common Stock under the Award or gives other assurance satisfactory to the Committee of the payment of those
withholding taxes.

 

11.
RESTRICTED STOCK AWARD.

 

The
Committee may award Restricted Stock Award to any eligible Grantee, including under Section 102 of the Ordinance. Each Restricted
Stock Award under this Plan shall be evidenced by a written agreement between the Company and the Grantee (the “Restricted
Stock Agreement”), in such form as the Committee shall from time to time approve. The Restricted Stock Award shall be
subject to all applicable terms of this Plan, which in the case of Restricted Stock Award granted under Section 102 of the Ordinance
shall include Section 9 hereof, and may be subject to any other terms that are not inconsistent with this Plan. The provisions
of the various Restricted Stock Agreements entered into under this Plan need not be identical. The Restricted Stock Agreement
shall comply with and be subject to Section 6 and the following terms and conditions, unless otherwise specifically provided in
such Agreement and not inconsistent with this Plan, or Applicable Law:

 

11.1.
Purchase Price. Section 6.4 shall not apply. Each Restricted Stock Agreement shall state an amount of Exercise Price to
be paid by the Grantee, if any, in consideration for the issuance of the Restricted Stock Award and the terms of payment thereof,
which may include, payment in cash or, subject to the Committee’s approval, by issuance of promissory notes or other evidence
of indebtedness on such terms and conditions as determined by the Committee.

 

    	 	 	 

    	 

    

 

11.2.
Restrictions. Restricted Stock Award may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed
of, except by will or the laws of descent and distribution (in which case they shall be transferred subject to all restrictions
then or thereafter applicable thereto), until such Restricted Stock Award shall have vested (the period from the date on which
the Award is granted until the date of vesting of the Restricted Stock Award thereunder being referred to herein as the “Restricted
Period”). The Committee may also impose such additional or alternative restrictions and conditions on the Restricted
Stock Award, as it deems appropriate, including the satisfaction of performance criteria. Such performance criteria may include,
but are not limited to, sales, earnings before interest and taxes, return on investment, earnings per share of stock, any combination
of the foregoing or rate of growth of any of the foregoing, as determined by the Committee or pursuant to the provisions of any
Company policy required under mandatory provisions of Applicable Law. Certificates for shares of stock issued pursuant to Restricted
Stock Awards, if issued, shall bear an appropriate legend referring to such restrictions, and any attempt to dispose of any such
shares of stock in contravention of such restrictions shall be null and void and without effect. Such certificates may, if so
determined by the Committee, be held in escrow by an escrow agent appointed by the Committee, or, if a Restricted Stock Award
is made pursuant to Section 102 of the Ordinance, by the Trustee. In determining the Restricted Period of an Award the Committee
may provide that the foregoing restrictions shall lapse with respect to specified percentages of the awarded Restricted Stock
Award on successive anniversaries of the date of such Award. To the extent required by the Ordinance or the ITA, the Restricted
Stock Award issued pursuant to Section 102 of the Ordinance shall be issued to the Trustee in accordance with the provisions of
the Ordinance and the Restricted Stock Award shall be held for the benefit of the Grantee for at least the Required Holding Period.

 

11.3.
Forfeiture; Repurchase. Subject to such exceptions as may be determined by the Committee, if the Grantee’s continuous
employment with or service to the Company or any Affiliate thereof shall terminate for any reason prior to the expiration of the
Restricted Period of an Award or prior to the timely payment in full of the Exercise Price of any Restricted Stock Award, any
shares of Common Stock remaining subject to vesting or with respect to which the purchase price has not been paid in full, shall
thereupon be forfeited, transferred to, and redeemed, repurchased or cancelled by, as the case may be, in any manner as set forth
in Section 6.6.2(i) through (v), subject to Applicable Laws and the Grantee shall have no further rights with respect to such
Restricted Stock Award.

 

11.4.
Ownership. During the Restricted Period the Grantee shall possess all incidents of ownership of such Restricted Stock Award,
subject to Section 6.10 and Section 11.2, including the right to vote and receive dividends with respect to such Common Stock.
All securities, if any, received by a Grantee with respect to Restricted Stock Award as a result of any stock split, stock dividend,
combination of shares of stock, or other similar transaction shall be subject to the restrictions applicable to the original Award.

 

12.
RESTRICTED STOCK UNITS.

 

An
RSU is an Award covering a number of shares of Common Stock that is settled, if vested and (if applicable) exercised, by issuance
of those shares of Common Stock. An RSU may be awarded to any eligible Grantee, including under Section 102 of the Ordinance.
The Award Agreement relating to the grant of RSUs under this Plan (the “Restricted Stock Unit Agreement”),
shall be in such form as the Committee shall from time to time approve. The RSUs shall be subject to all applicable terms of this
Plan, which in the case of RSUs granted under Section 102 of the Ordinance shall include Section 9 hereof, and may be subject
to any other terms that are not inconsistent with this Plan. The provisions of the various Restricted Stock Unit Agreements entered
into under this Plan need not be identical. RSUs may be granted in consideration of a reduction in the recipient’s other
compensation.

 

12.1.
Exercise Price. No payment of Exercise Price shall be required as consideration for RSUs, unless included in the Award
Agreement or as required by Applicable Law, and Section 6.4 shall apply, if applicable.

 

    	 	 	 

    	 

    

 

12.2.
Stockholders’ Rights. The Grantee shall not possess or own any ownership rights in the shares of Common Stock underlying
the RSUs and no rights as a stockholder shall exist prior to the actual issuance of shares of Common Stock in the name of the
Grantee.

 

12.3.
Settlements of Awards. Settlement of vested RSUs shall be made in the form of shares of Common Stock. Distribution to a
Grantee of an amount (or amounts) from settlement of vested RSUs can be deferred to a date after settlement as determined by the
Committee. The amount of a deferred distribution may be increased by an interest factor or by dividend equivalents. Until the
grant of RSUs is settled, the number of shares of Common Stock underlying such RSUs shall be subject to adjustment pursuant hereto.

 

12.4.
Section 409A Restrictions. Notwithstanding anything to the contrary set forth herein, any RSUs granted under this Plan
that are not exempt from the requirements of Section 409A of the Code shall contain such restrictions or other provisions so that
such RSUs will comply with the requirements of Section 409A of the Code, if applicable to the Company. Such restrictions, if any,
shall be determined by the Committee and contained in the Restricted Stock Unit Agreement evidencing such RSU. For example, such
restrictions may include a requirement that any shares of Common Stock that are to be issued in a year following the year in which
the RSU vests must be issued in accordance with a fixed, pre-determined schedule.

 

13.
OTHER SHARES OF COMMON STOCK OR COMMON STOCK-BASED
AWARDS.

 

13.1.
The Committee may grant other Awards under this Plan pursuant to which shares of Common Stock (which may, but need not, be Restricted
Stock Award pursuant to Section 11 hereof), cash (in settlement of Common Stock-based Awards) or a combination thereof, are or
may in the future be acquired or received, or Awards denominated in stock units, including units valued on the basis of measures
other than market value.

 

13.2.
The Committee may also grant stock appreciation rights without the grant of an accompanying option, which rights shall permit
the Grantees to receive, at the time of any exercise of such rights, cash equal to the amount by which the Fair Market Value of
the share Common Stock in respect to which the right was granted is so exercised exceed the exercise price thereof. The exercise
price of any such stock appreciation right granted to a Grantee who is subject to U.S. federal income tax shall be determined
in compliance with Section 7.2.

 

13.3.
Such other Common Stock-based Awards as set forth above may be granted alone, in addition to, or in tandem with any Award of any
type granted under this Plan.

 

14.
EFFECT OF CERTAIN CHANGES.

 

14.1.
General. In the event of a division or subdivision of the outstanding share capital of the Company, any distribution of
bonus shares of stock (stock split), consolidation or combination of share capital of the Company (reverse stock split), reclassification
with respect to the shares of Common Stock or any similar recapitalization events (each, a “Recapitalization”),
a merger (including, a reverse merger and a reverse triangular merger), consolidation, amalgamation or like transaction of the
Company with or into another corporation, a reorganization (which may include a combination or exchange of shares of stock, spin-off
or other corporate divestiture or division, or other similar occurrences, the Committee shall have the authority to make, without
the need for a consent of any holder of an Award, such adjustments as determined by the Committee to be appropriate, in its discretion,
in order to adjust (i) the number and class of shares of stock reserved and available for grants of Awards, (ii) the number and
class of shares of stock covered by outstanding Awards, (iii) the Exercise Price per share of stock covered by any Award, (iv)
the terms and conditions concerning vesting and exercisability and the term and duration of the outstanding Awards, and (v) any
other terms of the Award that in the opinion of the Committee should be adjusted. Any fractional share of stock resulting from
such adjustment shall be treated as determined by the Committee, and in the absence of such determination shall be rounded to
the nearest whole share of stock, and the Company shall have no obligation to make any cash or other payment with respect to such
fractional share of stock. No adjustment shall be made by reason of the distribution of subscription rights or rights offering
to outstanding shares of stock or other issuance of shares of stock by the Company, unless the Committee determines otherwise.
The adjustments determined pursuant to this Section 14.1 (including a determination that no adjustment is to be made) shall be
final, binding and conclusive.

 

    	 	 	 

    	 

    

 

14.2. Merger/Sale
of Company. In the event of (i) a sale of all or substantially all of the assets of the Company, or a sale (including an
exchange) of all or substantially all of the stock capital of the Company, to any person, or a purchase by a stockholder of
the Company or by an Affiliate of such stockholder, of all the stock capital of the Company held by all or substantially
all other stockholders or by other stockholders who are not Affiliated with such acquiring party; (ii) a merger (including, a
reverse merger and a reverse triangular merger), consolidation, amalgamation or like transaction of the Company with or into
another corporation; (iii) a scheme of arrangement for the purpose of effecting such sale, merger, consolidation,
amalgamation or other transaction; (iv) approval by the stockholders of the Company of a complete liquidation or dissolution
of the Company, (v) Change in Board Event, or (vi) such other transaction or set of circumstances that is determined by the
Board, in its discretion, to be a transaction subject to the provisions of this Section 14.2 excluding any of the above
transactions in clauses (i) through (v), if the Board determines that such transaction should be excluded from the
definition hereof and the applicability of this Section 14.2 (such transaction, a “Merger/Sale”), then,
without derogating from the general authority and power of the Board or the Committee under this Plan, without the
Grantee’s consent and action and without any prior notice requirement:

 

14.2.1.
Unless otherwise determined by the Committee in its sole and absolute discretion, any Award then outstanding shall be
assumed or be substituted by the Company, or by the successor corporation in such Merger/Sale or by any parent or Affiliate
thereof, as determined by the Committee in its discretion (the “Successor Corporation”), under terms as
determined by the Committee or the terms of this Plan applied by the Successor Corporation to such assumed or substituted
Awards. For the purposes of this Section 14.2.1, the Award shall be considered assumed or substituted if, following a
Merger/Sale, the Award confers on the holder thereof the right to purchase or receive, for each share of Common Stock
underlying an Award immediately prior to the Merger/Sale, either (i) the consideration (whether shares of stock, cash, or
other securities or property, or any combination thereof) distributed to or received by holders of shares of Common Stock in
the Merger/Sale for each share of Common Stock held on the effective date of the Merger/Sale (and if holders were offered a
choice or several types of consideration, the type of consideration as determined by the Committee), or (ii) regardless of
the consideration received by the holders of shares of Common Stock in the Merger/Sale, solely shares of stock or any type of
Awards (or their equivalent) of the Successor Corporation at a value to be determined by the Committee in its discretion, or
a certain type of consideration (whether shares of stock, cash, or other securities or property, or any combination thereof)
as determined by the Committee. Any of the above consideration referred to in clauses (i) and (ii) shall be subject to the
same vesting and expiration terms of the Awards applying immediately prior to the Merger/Sale, unless determined by the
Committee in its discretion that the consideration shall be subject to different vesting and expiration terms, or other
terms, and the Committee may determine that it be subject to other or additional terms. The foregoing shall not limit the
Committee’s authority to determine, in its sole discretion, that in lieu of such assumption or substitution of Awards
for Awards of the Successor Corporation, such Award will be substituted for any other type of asset or property, including as
set forth in Section 14.2.2 hereunder.

 

14.2.2.
Regardless of whether or not Awards are assumed or substituted, the Committee may (but shall not be obligated to), in its sole
discretion:

 

14.2.2.1.
provide for the Grantee to have the right to exercise the Award in respect of shares of Common Stock covered by the Award which
would otherwise be exercisable or vested, under such terms and conditions as the Committee shall determine, and the cancellation
of all unexercised Awards (whether vested or unvested) upon or immediately prior to the closing of the Merger/Sale, unless the
Committee provides for the Grantee to have the right to exercise the Award, or otherwise for the acceleration of vesting of such
Award, as to all or part of the shares of Common Stock covered by the Award which would not otherwise be exercisable or vested,
under such terms and conditions as the Committee shall determine; and/or

 

    	 	 	 

    	 

    

 

14.2.2.2.
provide for the cancellation of each outstanding Award at or immediately prior to the closing of such Merger/Sale, and if and
to the extent payment shall be made to the Grantee of an amount in cash, shares of stock of the Company, the acquiror or of a
corporation or other business entity which is a party to the Merger/Sale or other property, as determined by the Committee to
be fair in the circumstances, and subject to such terms and conditions as determined by the Committee. The Committee shall have
full authority to select the method for determining the payment (being the Black- Scholes model or any other method). Inter
alia, and without limitation of the following determination being made in other circumstances, the Committee’s determination
may provide that payment shall be set to zero if the value of the shares of Common Stock is determined to be less than the Exercise
Price, or in respect of shares of Common Stock covered by the Award which would not otherwise be exercisable or vested, or that
payment may be made only in excess of the Exercise Price.

 

14.2.3.
The Committee may, in its sole discretion, determine: that any payments made in respect of Awards shall be made or delayed to
the same extent that payment of consideration to the holders of the shares of Common Stock in connection with the Merger/Sale
is made or delayed as a result of escrows, indemnification, earn outs, holdbacks or any other contingencies or conditions; and
the terms and conditions applying to the payment made to the Grantees, including participation in escrow, indemnification, releases,
earn-outs, holdbacks or any other contingencies.

 

14.2.4.
The Committee may, in its sole discretion, determine to suspend the Grantee’s rights to exercise any vested portion of an
Award for a period of time prior to the signing or consummation of a Merger/Sale transaction.

 

14.2.5.
Notwithstanding anything to the contrary, in the event of a Merger/Sale, the Committee may determine, in its sole discretion,
that upon consummation of such Merger/Sale the terms of any Award shall be otherwise amended, modified or terminated, as the Committee
shall deem in good faith to be appropriate and without any liability to the Company or its Affiliates and to their respective
officers, directors, employees and representatives and the respective successors and assigns of any of the foregoing in connection
with the method of treatment or chosen course of action permitted hereunder.

 

14.2.6.
Neither the authorities and powers of the Committee under this Section 14.2, nor the exercise or implementation thereof, shall
(i) be restricted or limited in any way by any adverse consequences (tax or otherwise) that may result to any holder of an Award,
and (ii) as, inter alia, being a feature of the Award upon its grant, be deemed to constitute a change or an amendment
of the rights of such holder under this Plan, nor shall any such adverse consequences (as well as any adverse tax consequences
that may result from any tax ruling or other approval or determination of any relevant tax authority) be deemed to constitute
a change or an amendment of the rights of such holder under this Plan, and may be effected without consent of any Grantee and
without any liability to the Company or its Affiliates and to their respective officers, directors, employees and representatives
and the respective successors and assigns of any of the foregoing. The Committee need not take the same action with respect to
all Awards or with respect to all Service Providers. The Committee may take different actions with respect to the vested and unvested
portions of an Award. The Committee may determine an amount or type of consideration to be received or distributed in a Merger/Sale
which may differ as among the Grantees, and as between the Grantees and any other holders of stock capital of the Company.

 

14.2.7.
The Committee’s determinations pursuant to this Section 14 shall be conclusive and binding on all Grantees.

 

14.2.8.
If determined by the Committee, the Grantees shall be subject to the definitive agreement(s) in connection with the Merger/Sale
as applying to holders of shares of Common Stock including, such terms, conditions, representations, undertakings, liabilities,
limitations, releases, indemnities, participating in transaction expenses, stockholders/sellers representative expense fund and
escrow arrangement, in each case as determined by the Committee. Each Grantee shall execute such separate agreement(s) or instruments
as may be requested by the Company, the Successor Corporation or the acquiror in connection with such in such Merger/Sale and
in the form required by them. The execution of such separate agreement(s) may be a condition to the receipt of assumed or substituted
Awards, payment in lieu of the Award or the exercise of any Award.

 

    	 	 	 

    	 

    

 

14.3.
Reservation of Rights. Except as expressly provided in this Section 14 (if any), the Grantee of an Award hereunder shall
have no rights by reason of any Recapitalization of shares of stock of any class, any increase or decrease in the number of shares
of stock of any class, or any dissolution, liquidation, reorganization (which may include a combination or exchange of stock,
spin-off or other corporate divestiture or division, or other similar occurrences), Merger/Sale. Any issue by the Company of shares
of stock of any class, or securities convertible into shares of stock of any class, shall not affect, and no adjustment by reason
thereof shall be made with respect to, the number, type or the price of shares of stock subject to an Award. The grant of an Award
pursuant to this Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations
or changes of its capital or business structures or to merge or to consolidate or to dissolve, liquidate or sell, or transfer
all or part of its business or assets or engage in any similar transactions.

 

15.
NON-TRANSFERABILITY OF AWARDS; SURVIVING BENEFICIARY.

 

15.1.
All Awards granted under this Plan by their terms shall not be transferable other than by will or by the laws of descent and distribution,
unless otherwise determined by the Committee or under this Plan, provided that with respect to shares of Common Stock issued upon
exercise or (if applicable) the vesting of Awards the restrictions on transfer shall be the restrictions referred to in Section
16 (Conditions upon Issuance of shares of Common Stock) hereof. Subject to the above provisions, the terms of such Award, this
Plan and any applicable Award Agreement shall be binding upon the beneficiaries, executors, administrators, heirs and successors
of such Grantee. Awards may be exercised or otherwise realized, during the lifetime of the Grantee, only by the Grantee or by
his guardian or legal representative, to the extent provided for herein. Any transfer of an Award not permitted hereunder (including
transfers pursuant to any decree of divorce, dissolution or separate maintenance, any property settlement, any separation agreement
or any other agreement with a spouse) and any grant of any interest in any Award to, or creation in any way of any direct or indirect
interest in any Award by, any party other than the Grantee shall be null and void and shall not confer upon any party or person,
other than the Grantee, any rights. A Grantee may file with the Committee a written designation of a beneficiary, who shall be
permitted to exercise such Grantee’s Award or to whom any benefit under this Plan is to be paid, in each case, in the event
of the Grantee’s death before he or she fully exercises his or her Award or receives any or all of such benefit, on such
form as may be prescribed by the Committee and may, from time to time, amend or revoke such designation. If no designated beneficiary
survives the Grantee, the executor or administrator of the Grantee’s estate shall be deemed to be the Grantee’s beneficiary.
Notwithstanding the foregoing, upon the request of the Grantee and subject to Applicable Law the Committee, at its sole discretion,
may permit the Grantee to transfer the Award to a trust whose beneficiaries are the Grantee and/or the Grantee’s immediate
family members (all or several of them).

 

15.2.
Notwithstanding any other provisions of the Plan to the contrary, no Incentive Stock Option may be sold, transferred, pledged,
assigned or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution or in accordance
with a beneficiary designation pursuant to Section 15.1. Further, all Incentive Stock Options granted to a Grantee shall be exercisable
during his or her lifetime only by such Grantee.

 

15.3.
As long as the shares of Common Stock are held by the Trustee in favor of the Grantee, all rights possessed by the Grantee over
the shares of Common Stock are personal, and may not be transferred, assigned, pledged or mortgaged, other than by will or laws
of descent and distribution.

 

    	 	 	 

    	 

    

 

15.4.
If and to the extent a Grantee is entitled to transfer an Award and/or shares of Common Stock underlying an Award in accordance
with the terms of the Plan and any other applicable agreements, such transfer shall be subject (in addition, to any other conditions
or terms applying thereto) to receipt by the Company from such proposed transferee of a written instrument, on a form reasonably
acceptable to the Company, pursuant to which such proposed transferee agrees to be bound by all provisions of the Plan and any
other applicable agreements, including without limitation, any restrictions on transfer of the Award and/or shares of Common Stock
set forth herein (however, failure to so deliver such instrument to the Company as set forth above shall not derogate from all
such provisions applying on any transferee).

 

15.5.
The provisions of this Section 15 shall apply to the Grantee and to any purchaser, assignee or transferee of any shares of Common
Stock.

 

16.
CONDITIONS UPON ISSUANCE OF SHARES OF COMMON
STOCK; GOVERNING PROVISIONS.

 

16.1.
Legal Compliance. The grant of Awards and the issuance of shares of Common Stock upon exercise or settlement of Awards
shall be subject to compliance with all Applicable Laws as determined by the Company, including, applicable requirements of federal,
state and foreign law with respect to such securities. The Company shall have no obligations to issue shares of Common Stock pursuant
to the exercise or settlement of an Award and Awards may not be exercised or settled, if the issuance of shares of Common Stock
upon exercise or settlement would constitute a violation of any Applicable Laws as determined by the Company, including, applicable
federal, state or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system
upon which the shares of Common Stock may then be listed. In addition, no Award may be exercised unless (i) a registration statement
under the Securities Act shall at the time of exercise or settlement of the Award be in effect with respect to the shares of stock
issuable upon exercise of the Award, or (ii) in the opinion of legal counsel to the Company, the shares of stock issuable upon
exercise of the Award may be issued in accordance with the terms of an applicable exemption from the registration requirements
of the Securities Act. The inability of the Company to obtain authority from any regulatory body having jurisdiction, if any,
deemed by the Company to be necessary to the lawful issuance and sale of any shares of Common Stock hereunder, and the inability
to issue shares of Common Stock hereunder due to non-compliance with any Company policies with respect to the sale of shares of
Common Stock, shall relieve the Company of any liability in respect of the failure to issue or sell such shares of Common Stock
as to which such requisite authority or compliance shall not have been obtained or achieved. As a condition to the exercise of
an Award, the Company may require the person exercising such Award to satisfy any qualifications that may be necessary or appropriate,
to evidence compliance with any Applicable Law or regulation and to make any representation or warranty with respect thereto as
may be requested by the Company, including to represent and warrant at the time of any such exercise that the shares of Common
Stock are being purchased only for investment and without any present intention to sell or distribute such shares of Common Stock,
all in form and content specified by the Company.

 

16.2.
Provisions Governing Shares of Common Stock. Shares of Common Stock issued pursuant to an Award shall be subject to the
Certificate of Incorporation and By-Laws of the Company, any limitation, restriction or obligation included in any stockholders
agreement applicable to all or substantially all of the holders of shares of stock (regardless of whether or not the Grantee is
a formal party to such stockholders agreement), any other governing documents of the Company, all policies, manuals and internal
regulations adopted by the Company from time to time, in each case, as may be amended from time to time, including any provisions
included therein concerning restrictions or limitations on disposition of shares of Common Stock (such as, but not limited to,
right of first refusal and lock up/market stand-off) or grant of any rights with respect thereto, forced sale and bring along
provisions, any provisions concerning restrictions on the use of inside information and other provisions deemed by the Company
to be appropriate in order to ensure compliance with Applicable Laws. Each Grantee shall execute such separate agreement(s) as
may be requested by the Company relating to matters set forth in this Section 16.2. The execution of such separate agreement(s)
may be a condition by the Company to the exercise of any Award.

 

    	 	 	 

    	 

    

 

16.3.
Forced Sale. In the event the that Board approves a Merger/Sale effected by way of a forced or compulsory sale, then, without
derogating from such provisions and in addition thereto, the Grantee shall be obligated, and shall be deemed to have agreed to
the offer to effect the Merger/Sale on the terms approved by the Board (and the shares of Common Stock held by or for the benefit
of the Grantee shall be included in the shares of stock of the Company approving the terms of such Merger/Sale for the purpose
of satisfying the required majority), and shall sell all of the shares of Common Stock held by or for the benefit of the Grantee
on the terms and conditions applying to the holders of shares of Common Stock, in accordance with the instructions then issued
by the Board, whose determination shall be final. No Grantee shall contest, bring any claims or demands, or exercise any appraisal
rights related to any of the foregoing. The proxy pursuant to Section includes an authorization of the holder of such proxy to
sign, by and on behalf of any Grantee, such documents and agreements as are required to affect the sale of shares of Common Stock
in connection with such Merger/Sale.

 

16.4.
Data Privacy; Data Transfer. Information related to Grantees and Awards hereunder, as shall be received from Grantee or
others, and/or held by, the Company or its Affiliates from time to time, and which information may include sensitive and personal
information related to Grantees (“Information”), will be used by the Company or its Affiliates (or third parties
appointed by any of them, including the Trustee) to comply with any applicable legal requirement, or for administration of the
Plan as they deems necessary or advisable, or for the respective business purposes of the Company or its Affiliates (including
in connection with transactions related to any of them). The Company and its Affiliates shall be entitled to transfer the Information
among the Company or its Affiliates, and to third parties for the purposes set forth above, which may include persons located
abroad (including, any person administering the Plan or providing services in respect of the Plan or in order to comply with legal
requirements, or the Trustee, their respective officers, directors, employees and representatives, and the respective successors
and assigns of any of the foregoing), and any person so receiving Information shall be entitled to transfer it for the purposes
set forth above. The Company shall use commercial reasonable efforts to ensure that the transfer of such Information shall be
limited to the reasonable and necessary scope. By receiving an Award hereunder, Grantee acknowledges and agrees that the Information
is provided at Grantee’s free will and Grantee consents to the storage and transfer of the Information as set forth above.

 

17.
MARKET STAND-OFF

 

17.1.
In connection with any underwritten public offering of equity securities of the Company pursuant to an effective registration
statement filed under the Securities Act or equivalent law in another jurisdiction, the Grantee shall not directly or indirectly,
without the prior written consent of the Company or its underwriters, (i) lend, offer, pledge, sell, contract to sell, sell any
option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise
transfer or dispose of, directly or indirectly, any shares of Common Stock or other Awards, any securities of the Company (whether
or not such shares of Common Stock were acquired under this Plan), or any securities convertible into or exercisable or exchangeable
(directly or indirectly) for shares of Common Stock or securities of the Company and any other share of stock or securities issued
or distributed in respect thereto or in substitution thereof (collectively, “Securities”), or (ii) enter into
any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of
the Securities, whether any such transaction described in clauses (i) or (ii) is to be settled by delivery of Securities, in cash
or otherwise. The foregoing provisions of this Section 17.1 shall not apply to the sale of any securities to an underwriter pursuant
to an underwriting agreement. Such restrictions (the “Market Stand-Off”) shall be in effect for such period
of time (the “Market Stand-Off Period”): (A) following the first public filing of the registration statement
relating to the underwritten public offering until the extirpation of 90 days following the effective date of such registration
statement relating to any public offering, in each case, provided, however, that if (1) during the last 17 days of the initial
Market Stand-Off Period, the Company releases earnings results or announces material news or a material event or (2) prior to
the expiration of the initial Market Stand-Off Period, the Company announces that it will release earnings results during the
15-day period following the last day of the initial Market Stand-Off Period, then in each case the Market Stand-Off Period will
be automatically extended until the expiration of the 18-day period beginning on the date of release of the earnings results or
the announcement of the material news or material event; or (B) such other period as shall be requested by the Company or the
underwriters. Notwithstanding anything herein to the contrary, if the underwriter(s) and the Company agree on a termination date
of the Market Stand-Off Period in the event of failure to consummate a certain public offering, then such termination shall apply
also to the Market Stand-Off Period hereunder with respect to that particular public offering.

 

    	 	 	 

    	 

    

 

17.2.
In the event of a subdivision of the outstanding share capital of the Company, the distribution of any securities (whether or
not of the Company), whether as bonus shares or otherwise, and whether as dividend or otherwise, a recapitalization, a reorganization
(which may include a combination or exchange of shares or a similar transaction affecting the Company’s outstanding securities
without receipt of consideration), a consolidation, a spin-off or other corporate divestiture or division, a reclassification
or other similar occurrence, any new, substituted or additional securities which are by reason of such transaction distributed
with respect to any shares of Common Stock subject to the Market Stand-Off, or into which such shares of Common Stock thereby
become convertible, shall immediately be subject to the Market Stand-Off.

 

17.3.
In order to enforce the Market Stand-Off, the Company may impose
stop-transfer instructions with respect to the shares of Common Stock acquired under this Plan until the end of the applicable
Market Stand-Off period.

 

17.4.
The underwriters in connection with a registration statement so filed are intended third party beneficiaries of this Section 17
and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto. Each Grantee
shall execute such separate agreement(s) as may be requested by the Company or the underwriters in connection with such registration
statement and in the form required by them, relating to Market Stand-Off (which need not be identical to the provisions of this
Section 17, and may include such additional provisions and restrictions as the underwriters deem advisable) or that are necessary
to give further effect thereto. The execution of such separate agreement(s) may be a condition by the Company to the exercise
of any Award.

 

17.5.
Without derogating from the above provisions of this Section 17 or elsewhere in this Plan, the provisions of this Section 17 shall
apply to the Grantee and the Grantee’s heirs, legal representatives, successors, assigns, and to any purchaser, assignee
or transferee of any Awards or shares of Common Stock.

 

18.
AGREEMENT REGARDING TAXES; DISCLAIMER.

 

18.1.
If the Committee shall so require, as a condition of exercise of an Award, the release of shares of Common Stock by the Trustee
or the expiration of the Restricted Period, a Grantee shall agree that, no later than the date of such occurrence, the Grantee
will pay to the Company (or the Trustee, as applicable) or make arrangements satisfactory to the Committee and the Trustee (if
applicable) regarding payment of any applicable taxes and compulsory payments of any kind required by Applicable Law to be withheld
or paid.

 

18.2.
TAX LIABILITY. ALL TAX CONSEQUENCES UNDER ANY APPLICABLE LAW WHICH MAY ARISE FROM THE GRANT OF ANY AWARDS OR THE EXERCISE
THEREOF, THE SALE OR DISPOSITION OF ANY SHARES OF COMMON STOCK GRANTED HEREUNDER OR ISSUED UPON EXERCISE OR (IF APPLICABLE) THE
VESTING OF ANY AWARD, THE ASSUMPTION, SUBSTITUTION, CANCELLATION OR PAYMENT IN LIEU OF AWARDS OR FROM ANY OTHER ACTION IN CONNECTION
WITH THE FOREGOING (INCLUDING WITHOUT LIMITATION ANY TAXES AND COMPULSORY PAYMENTS, SUCH AS SOCIAL SECURITY OR HEALTH TAX PAYABLE
BY THE GRANTEE OR THE COMPANY IN CONNECTION THEREWITH) SHALL BE BORNE AND PAID SOLELY BY THE GRANTEE, AND THE GRANTEE SHALL INDEMNIFY
THE COMPANY, ITS SUBSIDIARIES AND AFFILIATES AND THE TRUSTEE, AND SHALL HOLD THEM HARMLESS AGAINST AND FROM ANY LIABILITY FOR
ANY SUCH TAX OR PAYMENT OR ANY PENALTY, INTEREST OR INDEXATION THEREON. EACH GRANTEE AGREES TO, AND UNDERTAKES TO COMPLY WITH,
ANY RULING, SETTLEMENT, CLOSING AGREEMENT OR OTHER SIMILAR AGREEMENT OR ARRANGEMENT WITH ANY TAX AUTHORITY IN CONNECTION WITH
THE FOREGOING WHICH IS APPROVED BY THE COMPANY.

 

    	 	 	 

    	 

    

18.3.
NO TAX ADVICE. THE GRANTEE IS ADVISED TO CONSULT WITH A TAX ADVISOR WITH RESPECT TO THE TAX CONSEQUENCES OF RECEIVING,
EXERCISING OR DISPOSING OF AWARDS HEREUNDER. THE COMPANY DOES NOT ASSUME ANY RESPONSIBILITY TO ADVISE THE GRANTEE ON SUCH MATTERS,
WHICH SHALL REMAIN SOLELY THE RESPONSIBILITY OF THE GRANTEE.

 

18.4.
TAX TREATMENT. THE COMPANY DOES NOT UNDERTAKE OR ASSUME ANY LIABILITY OR RESPONSIBILITY TO THE EFFECT THAT ANY AWARD SHALL
QUALIFY WITH ANY PARTICULAR TAX REGIME OR RULES APPLYING TO PARTICULAR TAX TREATMENT, OR BENEFIT FROM ANY PARTICULAR TAX TREATMENT
OR TAX ADVANTAGE OF ANY TYPE AND THE COMPANY SHALL BEAR NO LIABILITY IN CONNECTION WITH THE MANNER IN WHICH ANY AWARD IS EVENTUALLY
TREATED FOR TAX PURPOSES, REGARDLESS OF WHETHER THE AWARD WAS GRANTED OR WAS INTENDED TO QUALIFY UNDER ANY PARTICULAR TAX REGIME
OR TREATMENT. THIS PROVISION SHALL SUPERSEDE ANY TYPE OF AWARDS OR TAX QUALIFICATION INDICATED IN ANY CORPORATE RESOLUTION OR
AWARD AGREEMENT, WHICH SHALL AT ALL TIMES BE SUBJECT TO THE REQUIREMENTS OF APPLICABLE LAW. THE COMPANY DOES NOT UNDERTAKE AND
SHALL NOT BE REQUIRED TO TAKE ANY ACTION IN ORDER TO QUALIFY THE AWARD WITH THE REQUIREMENT OF ANY PARTICULAR TAX TREATMENT AND
NO INDICATION IN ANY DOCUMENT TO THE EFFECT THAT ANY AWARD IS INTENDED TO QUALIFY FOR ANY TAX TREATMENT SHALL IMPLY SUCH AN UNDERTAKING.
NO ASSURANCE IS MADE BY THE COMPANY OR ANY OF ITS AFFILIATES THAT ANY PARTICULAR TAX TREATMENT ON THE DATE OF GRANT WILL CONTINUE
TO EXIST OR THAT THE AWARD WOULD QUALIFY AT THE TIME OF EXERCISE OR DISPOSITION THEREOF WITH ANY PARTICULAR TAX TREATMENT. THE
COMPANY AND ITS AFFILIATES SHALL NOT HAVE ANY LIABILITY OR OBLIGATION OF ANY NATURE IN THE EVENT THAT AN AWARD DOES NOT QUALIFY
FOR ANY PARTICULAR TAX TREATMENT, REGARDLESS WHETHER THE COMPANY COULD HAVE OR SHOULD HAVE TAKEN ANY ACTION TO CAUSE SUCH QUALIFICATION
TO BE MET AND SUCH QUALIFICATION REMAINS AT ALL TIMES AND UNDER ALL CIRCUMSTANCES AT THE RISK OF THE GRANTEE. THE COMPANY DOES
NOT UNDERTAKE OR ASSUME ANY LIABILITY TO CONTEST A DETERMINATION OR INTERPRETATION (WHETHER WRITTEN OR UNWRITTEN) OF ANY TAX AUTHORITIES,
INCLUDING IN RESPECT OF THE QUALIFICATION UNDER ANY PARTICULAR TAX REGIME OR RULES APPLYING TO PARTICULAR TAX TREATMENT. IF THE
AWARDS DO NOT QUALIFY UNDER ANY PARTICULAR TAX TREATMENT IT COULD RESULT IN ADVERSE TAX CONSEQUENCES TO THE GRANTEE.

 

18.5.
The Company or any Subsidiary or Affiliate may take such action as it may deem necessary or appropriate, in its discretion, for
the purpose of or in connection with withholding of any taxes and compulsory payments which the Trustee, the Company or any Subsidiary
or Affiliate is required by any Applicable Law to withhold in connection with any Awards (collectively, “Withholding
Obligations”). Such actions may include (i) requiring a Grantees to remit to the Company in cash an amount sufficient
to satisfy such Withholding Obligations and any other taxes and compulsory payments, payable by the Company in connection with
the Award or the exercise or (if applicable) the vesting thereof; (ii) subject to Applicable Law, allowing the Grantees to provide
shares of Common Stock to the Company, in an amount that at such time, reflects a value that the Committee determines to be sufficient
to satisfy such Withholding Obligations; (iii) withholding shares of Common Stock otherwise issuable upon the exercise of an Award
at a value which is determined by the Committee to be sufficient to satisfy such Withholding Obligations; or (iv) any combination
of the foregoing. The Company shall not be obligated to allow the exercise of any Award by or on behalf of a Grantee until all
tax consequences arising from the exercise of such Award are resolved in a manner acceptable to the Company.

 

    	 	 	 

    	 

    

 

18.6.
Each Grantee shall notify the Company in writing promptly and in any event within ten (10) days after the date on
which such Grantee first obtains knowledge of any tax bureau inquiry, audit, assertion, determination, investigation, or
question relating in any manner to the Awards granted or received hereunder or shares of Common Stock issued thereunder and
shall continuously inform the Company of any developments, proceedings, discussions and negotiations relating to such matter,
and shall allow the Company and its representatives to participate in any proceedings and discussions concerning such
matters. Upon request, a Grantee shall provide to the Company any information or document relating to any matter described in
the preceding sentence, which the Company, in its discretion, requires.

 

18.7.
With respect to 102 Non-Trustee Options, if the Grantee ceases to be employed by the Company or any Affiliate, the Grantee shall
extend to the Company and/or its Affiliate with whom the Grantee is employed a security or guarantee for the payment of taxes
due at the time of sale of shares of Common Stock, all in accordance with the provisions of Section 102 of the Ordinance and the
Rules.

 

18.8.
For the purpose hereof “tax(es)” means (a) all federal, state, local or foreign taxes, charges, fees, imposts,
levies or other assessments, including all income, capital gains, transfer, withholding, payroll, employment, social
security, national security, health tax, wealth surtax, stamp, registration and estimated taxes, customs duties, fees,
assessments and charges of any similar kind whatsoever (including under Section 280G of the Code), (b) all interest,
indexation differentials, penalties, fines, additions to tax or additional amounts imposed by any taxing authority in
connection with any item described in clause (a), (c) any transferee or successor liability in respect of any items described
in clauses (a) or (b) payable by reason of contract, assumption, transferee liability, successor liability, operation
of Applicable Law, or as a result of any express or implied obligation to assume Taxes or to indemnify any other person, and
(d) any liability for the payment of any amounts of the type described in clause (a) or (b) payable as a result of being a
member of an affiliated, consolidated, combined, unitary or aggregate group for any taxable period, including under U.S.
Treasury Regulations Section 1.1502-6(a) (or any predecessor or successor thereof of any analogous or similar provision under
Law) or otherwise.

 

18.9.
If a Grantee makes an election under Section 83(b) of the Code to be taxed with respect to an Award as of the date of transfer
of shares of Common Stock rather than as of the date or dates upon which the Grantee would otherwise be taxable under Section
83(a) of the Code, such Grantee shall deliver a copy of such election to the Company upon or prior to the filing such election
with the U.S. Internal Revenue Service. Neither the Company nor any Affiliate shall have any liability or responsibility relating
to or arising out of the filing or not filing of any such election or any defects in its construction.

 

19.
RIGHTS AS A STOCKHOLDER; VOTING AND DIVIDENDS.

 

19.1.
Subject to Section 11.4, a Grantee shall have no rights as a stockholder of the Company with respect to any shares of Common Stock
covered by an Award until the Grantee shall have exercised the Award, paid the Exercise Price therefor and becomes the record
holder of the subject shares of Common Stock. In the case of 102 Awards or 3(9) Awards (if such Awards are being held by a Trustee),
the Trustee shall have no rights as a stockholder of the Company with respect to the shares of Common Stock covered by such Award
until the Trustee becomes the record holder for such shares of Common Stock for the Grantee’s benefit, and the Grantee shall
not be deemed to be a stockholder and shall have no rights as a stockholder of the Company with respect to the shares of Common
Stock covered by the Award until the date of the release of such shares of Common Stock from the Trustee to the Grantee and the
transfer of record ownership of such shares of Common Stock to the Grantee (provided however that the Grantee shall be entitled
to receive from the Trustee any cash dividend or distribution made on account of the shares of Common Stock held by the Trustee
for such Grantee’s benefit, subject to any tax withholding and compulsory payment). No adjustment shall be made for dividends
(ordinary or extraordinary, whether in cash, securities or other property) or distribution of other rights for which the record
date is prior to the date on which the Grantee or Trustee (as applicable) becomes the record holder of the shares of Common Stock
covered by an Award, except as provided in Section 14 hereof.

 

    	 	 	 

    	 

    

 

19.2.
With respect to all Awards issued in the form of shares of Common Stock hereunder or upon the exercise or (if applicable) the
vesting of Awards hereunder, any and all voting rights attached to such shares of Common Stock shall be subject to Section 6.9,
and the Grantee shall be entitled to receive dividends distributed with respect to such shares of Common Stock, subject to the
provisions of the Company’s the Certificate of Incorporation, as amended from time to time, and subject to any Applicable
Law.

 

19.3.
The Company may, but shall not be obligated to, register or qualify the sale of shares of Common Stock under any applicable securities
law or any other Applicable Law.

 

20.
NO REPRESENTATION BY COMPANY.

 

By
granting the Awards, the Company is not, and shall not be deemed as, making any representation or warranties to the Grantee regarding
the Company, its business affairs, its prospects or the future value of its shares of Common Stock. The Company shall not be required
to provide to any Grantee any information, documents or material in connection with the Grantee’s considering an exercise
of an Award. To the extent that any information, documents or materials are provided, the Company shall have no liability with
respect thereto. Any decision by a Grantee to exercise an Award shall solely be at the risk of the Grantee.

 

21.
NO RETENTION RIGHTS.

 

Nothing
in this Plan, any Award Agreement or in any Award granted or agreement entered into pursuant hereto shall confer upon any
Grantee the right to continue in the employ of, or be in the service of the Company or any Subsidiary or Affiliate thereof as
a Service Provider or to be entitled to any remuneration or benefits not set forth in this Plan or such agreement, or to
interfere with or limit in any way the right of the Company or any such Subsidiary or Affiliate to terminate such
Grantee’s employment or service (including, any right of the Company or any of its Affiliates to immediately cease the
Grantee’s employment or service or to shorten all or part of the notice period, regardless of whether notice of
termination was given by the Company or its Affiliates or by the Grantee). Awards granted under this Plan shall not be
affected by any change in duties or position of a Grantee, subject to Sections 6.6 through 6.8. No Grantee shall be entitled
to claim and the Grantee hereby waives any claim against the Company or any Subsidiary or Affiliate that he or she was
prevented from continuing to vest Awards as of the date of termination of his or her employment with, or services to, the
Company or any Subsidiary or Affiliate. No Grantee shall be entitled to any compensation in respect of the Awards which would
have vested had such Grantee’s employment or engagement with the Company (or any Subsidiary or Affiliate) not been
terminated.

 

22.
PERIOD DURING WHICH AWARDS MAY BE GRANTED.

 

Awards
may be granted pursuant to this Plan from time to time within a period of ten (10) years from the Effective Date, which period
may be extended from time to time by the Board. From and after such date (as extended) no grants of Awards may be made and this
Plan shall continue to be in full force and effect with respect to Awards or shares of Common Stock issued thereunder that remain
outstanding.

 

23.
AMENDMENT OF THIS PLAN AND AWARDS.

 

23.1.
The Board at any time and from time to time may suspend, terminate, modify or amend this Plan, whether retroactively or prospectively.
Any amendment effected in accordance with this Section shall be binding upon all Grantees and all Awards, whether granted prior
to or after the date of such amendment, and without the need to obtain the consent of any Grantee. No termination or amendment
of this Plan shall affect any then outstanding Award unless expressly provided by the Board.

 

    	 	 	 

    	 

    

 

23.2.
Subject to changes in Applicable Law that would permit otherwise, without the approval of the Company’s stockholders, there
shall be (i) no increase in the maximum aggregate number of Common Stock that may be issued under this Plan as Incentive Stock
Options (except by operation of the provisions of Section 14.1), (ii) no change in the class of persons eligible to receive Incentive
Stock Options, and (iii) no other amendment of this Plan that would require approval of the Company’s stockholders under
any Applicable Law. Unless not permitted by Applicable Law, if the grant of an Award is subject to approval by stockholders, the
date of grant of the Award shall be determined as if the Award had not been subject to such approval. Failure to obtain approval
by the stockholders shall not in any way derogate from the valid and binding effect of any grant of an Award, which is not an
Incentive Stock Option. Upon approval of an amendment to this Plan by the stockholders of the Company as set forth above, all
Incentive Stock Options granted under this Plan on or after such amendment shall be fully effective as if the stockholders of
the Company had approved the amendment on the same date.

 

23.3.
The Board or the Committee at any time and from time to time may modify or amend any Award theretofore granted, including any
Award Agreement, whether retroactively or prospectively.

 

24.
APPROVAL.

 

24.1.
This Plan shall take effect upon its adoption by the Board (the “Effective Date”).

 

24.2.
Solely with respect to grants of Incentive Stock Options, this Plan shall also be subject to stockholders’ approval, within
one year of the Effective Date, by a majority of the votes cast on the proposal at a meeting or a written consent of stockholders
(however, if the grant of an Award is subject to approval by stockholders, the date of grant of the Award shall be determined
as if the Award had not been subject to such approval). Failure to obtain such approval by the stockholders within such period
shall not in any way derogate from the valid and binding effect of any grant of an Award, except that any Options previously granted
under this Plan may not qualify as Incentive Stock Options but, rather, shall constitute Nonqualified Stock Options. Upon approval
of this Plan by the stockholders of the Company as set forth above, all Incentive Stock Options granted under this Plan on or
after the Effective Date shall be fully effective as if the stockholders of the Company had approved this Plan on the Effective
Date.

 

24.3.
102 Awards are conditional upon the filing with or approval by the ITA, if required, as set forth in Section 9.49. Failure to
so file or obtain such approval shall not in any way derogate from the valid and binding effect of any grant of an Award, which
is not a 102 Award.

 

25.
RULES PARTICULAR TO SPECIFIC COUNTRIES; SECTION
409A.

 

25.1.
Notwithstanding anything herein to the contrary, the terms and conditions of this Plan may be supplemented or amended with respect
to a particular country or tax regime by means of an appendix to this Plan, and to the extent that the terms and conditions set
forth in any appendix conflict with any provisions of this Plan, the provisions of such appendix shall govern. Terms and conditions
set forth in such appendix shall apply only to Awards granted to Grantees under the jurisdiction of the specific country or such
other tax regime that is the subject of such appendix and shall not apply to Awards issued to a Grantee not under the jurisdiction
of such country or such other tax regime. The adoption of any such appendix shall be subject to the approval of the Board or the
Committee, and if determined by the Committee to be required in connection with the application of certain tax treatment, pursuant
to applicable stock exchange rules or regulations or otherwise, then also the approval of the stockholders of the Company at the
required majority.

 

25.2.
This Section 25.2 shall only apply to Awards granted to Grantees who are subject to United States Federal income tax.

 

25.2.1
It is the intention of the Company that no Award shall be deferred compensation subject to Code Section 409A unless and to the
extent that the Committee specifically determines otherwise as provided in Section 25.2.2, and the Plan and the terms and conditions
of all Awards shall be interpreted and administered accordingly.

 

    	 	 	 

    	 

    

 

25.2.2
The terms and conditions governing any Awards that the Committee determines will be subject to Section 409A of the Code, including
any rules for payment or elective or mandatory deferral of the payment or delivery of shares of Common Stock or cash pursuant
thereto, and any rules regarding treatment of such Awards in the event of a Change in Control, shall be set forth in the applicable
Award Agreement and shall be intended to comply in all respects with Section 409A of the Code, and the Plan and the terms and
conditions of such Awards shall be interpreted and administered accordingly.

 

25.2.3
The Company shall have complete discretion to interpret and construe the Plan and any Award Agreement in any manner that establishes
an exemption from (or compliance with) the requirements of Code Section 409A. If for any reason, such as imprecision in drafting,
any provision of the Plan and/or any Award Agreement does not accurately reflect its intended establishment of an exemption from
(or compliance with) Code Section 409A, as demonstrated by consistent interpretations or other evidence of intent, such provision
shall be considered ambiguous as to its exemption from (or compliance with) Code Section 409A and shall be interpreted by the
Company in a manner consistent with such intent, as determined in the discretion of the Company. If, notwithstanding the foregoing
provisions of this Section 25.2.3, any provision of the Plan or any such agreement would cause a Grantee to incur any additional
tax or interest under Code Section 409A, the Company shall reform such provision in a manner intended to avoid the incurrence
by such Grantee of any such additional tax or interest; provided that the Company shall maintain, to the extent reasonably
practicable, the original intent and economic benefit to the Grantee of the applicable provision without violating the provisions
of Code Section 409A.

 

25.2.4
Notwithstanding any other provision in the Plan, any Award Agreement, or any other written document establishing the terms and
conditions of an Award, if any Grantee is a “specified employee,” within the meaning of Section 409A of the Code,
as of the date of his or her “separation from service” (as defined under Section 409A of the Code), then, to the extent
required by Treasury Regulation Section 1.409A-3(i)(2) (or any successor provision), any payment made to such Grantee on account
of his or her separation from service shall not be made before a date that is six months after the date of his or her separation
from service. The Committee may elect any of the methods of applying this rule that are permitted under Treasury Regulation Section
1.409A-3(i)(2)(ii) (or any successor provision).

 

25.2.5
Notwithstanding any other provision of this Section 25.2 to the contrary, although the Company intends to administer the Plan
so that Awards will be exempt from, or will comply with, the requirements of Code Section 409A, the Company does not warrant that
any Award under the Plan will qualify for favorable tax treatment under Code Section 409A or any other provision of federal, state,
local, or non-United States law. The Company shall not be liable to any Grantee for any tax, interest, or penalties the Grantee
might owe as a result of the grant, holding, vesting, exercise, or payment of any Award under the Plan.

 

26.
GOVERNING LAW; JURISDICTION.

 

This
Plan and all determinations made and actions taken pursuant hereto shall be governed by the laws of the State of Israel, except
with respect to matters that are subject to tax laws, regulations and rules of any specific jurisdiction, which shall be governed
by the respective laws, regulations and rules of such jurisdiction. Certain definitions, which refer to laws other than the laws
of such jurisdiction, shall be construed in accordance with such other laws. The competent courts located in Tel-Aviv-Jaffa, Israel
shall have exclusive jurisdiction over any dispute arising out of or in connection with this Plan and any Award granted hereunder.
By signing any Award Agreement or any other agreement relating to an Award, each Grantee irrevocably submits to such exclusive
jurisdiction.

 

27.
NON-EXCLUSIVITY OF THIS PLAN.

 

The
adoption of this Plan shall not be construed as creating any limitations on the power or authority of the Company to adopt such
other or additional incentive or other compensation arrangements of whatever nature as the Company may deem necessary or desirable
or preclude or limit the continuation of any other plan, practice or arrangement for the payment of compensation or fringe benefits
to employees generally, or to any class or group of employees, which the Company or any Affiliate now has lawfully put into effect,
including any retirement, pension, savings and stock purchase plan, insurance, death and disability benefits and executive short-term
or long-term incentive plans.

 

    	 	 	 

    	 

    

 

28.
MISCELLANEOUS.

 

28.1.
Survival. The Grantee shall be bound by and the shares of Common Stock issued upon exercise or (if applicable) the vesting
of any Awards granted hereunder shall remain subject to this Plan after the exercise or (if applicable) the vesting of Awards,
in accordance with the terms of this Plan, whether or not the Grantee is then or at any time thereafter employed or engaged by
the Company or any of its Affiliates.

 

28.2.
Additional Terms. Each Award awarded under this Plan may contain such other terms and conditions not inconsistent with
this Plan as may be determined by the Committee, in its sole discretion.

 

28.3.
Fractional Share of Common Stock. No fractional share of Common Stock shall be issuable upon exercise or vesting of any
Award and the number of shares of Common Stock to be issued shall be rounded down to the nearest whole share of Common Stock,
with in any share of Common Stock remaining at the last vesting date due to such rounding to be issued upon exercise at such last
vesting date.

 

28.4.
Severability. If any provision of this Plan, any Award Agreement or any other agreement entered into in connection with
an Award shall be determined to be illegal or unenforceable by any court of law in any jurisdiction, the remaining provisions
hereof and thereof shall be severable and enforceable in accordance with their terms, and all provisions shall remain enforceable
in any other jurisdiction. In addition, if any particular provision contained in this Plan, any Award Agreement or any other agreement
entered into in connection with an Award shall for any reason be held to be excessively broad as to duration, geographic scope,
activity or subject, it shall be construed by limiting and reducing such provision as to such characteristic so that the provision
is enforceable to fullest extent compatible with Applicable Law as it shall then appear.

 

28.5.
Captions and Titles. The use of captions and titles in this Plan or any Award Agreement or any other agreement entered
into in connection with an Award is for the convenience of reference only and shall not affect the meaning or interpretation of
any provision of this Plan or such agreement.

 

*   *   *

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