Document:

Exhibit
10.2

 

December
24, 2020

 

Future
FinTech Group Inc.

Room
2302, South Tower T1, Kaisa Plaza

No.
86 Jianguo Avenue, Chaoyang District

Beijing,
China 100025

Attn:
Shanchun Huang, Director and Chief Executive Officer

 

To
Whom It May Concern:

 

This
letter (the “Agreement”) constitutes the agreement between A.G.P./Alliance Global Partners (the “Placement
Agent”) and Future FinTech Group Inc., a Florida corporation (the “Company”), that the Placement
Agent shall serve as the exclusive placement agent for the Company, on a “reasonable best efforts” basis, in connection
with the proposed placement (the “Placement”) of the Company’s shares of Common Stock, par value $0.001
per share, (the “Common Stock”), pre-funded common stock purchase warrants, (the “Pre-Funded Warrants”),
and the common stock purchase warrants to purchase Common Stock (the “Common Stock Warrants”, together with
Pre-Funded Warrants, the “Warrants”; the “Warrants” together with the Common Stock, the
“Securities”). The Securities actually placed by the Placement Agent are referred to herein as the “Placement
Agent Securities.” The terms of the Placement shall be mutually agreed upon by the Company and the purchasers (each,
a “Purchaser” and collectively, the “Purchasers”), and nothing herein constitutes that the
Placement Agent would have the power or authority to bind the Company or any Purchaser, or an obligation for the Company will
issue any Securities or complete the Placement. The Company expressly acknowledges and agrees that the Placement Agent’s
obligations hereunder are on a reasonable best efforts basis only and that the execution of this Agreement does not constitute
a commitment by the Placement Agent to purchase the Securities and does not ensure the successful placement of the Securities
or any portion thereof or the success of the Placement Agent with respect to securing any other financing on behalf of the Company.
The Placement Agent may retain other brokers or dealers to act as sub-agents or selected-dealers on its behalf in connection with
the Placement; provided, however, that the Company shall first approve any such sub-agents. Certain affiliates of the Placement
Agent may participate in the Placement by purchasing some of the Placement Agent Securities. The sale of Placement Agent Securities
to any Purchaser will be evidenced by a securities purchase agreement (the “Purchase Agreement”) between the
Company and such Purchaser, in a form reasonably acceptable to the Company and the Purchaser. Capitalized terms that are not otherwise
defined herein have the meanings given to such terms in the Purchase Agreement. Prior to the signing of any Purchase Agreement,
officers of the Company will be available to answer inquiries from prospective Purchasers.

 

SECTION
1. REPRESENTATIONS AND WARRANTIES OF THE COMPANY; COVENANTS OF THE COMPANY.

 

A.
Representations of the Company. With respect to the Placement Agent Securities and the shares of Common Stock underlying
the Placement Agent’s Warrant (as defined below), each of the representations and warranties (together with any related
disclosure schedules thereto) and covenants made by the Company to the Purchasers in the Purchase Agreement in connection with
the Placement, is hereby incorporated herein by reference into this Agreement (as though fully restated herein) and is, as of
the date of this Agreement and as of the Closing Date, hereby made to, and in favor of, the Placement Agent. In addition to the
foregoing, the Company represents and warrants that there are no affiliations with any FINRA member firm among the Company's officers,
directors or, to the knowledge of the Company, any five percent (5.0%) or greater securityholder of the Company, except as set
forth in the Purchase Agreement.

 

    1

    

    

 

B.
Covenants of the Company. The Company covenants and agrees to use commercially reasonable efforts in order to continue
to retain (i) a firm of independent PCAOB registered public accountants for a period of at least five (5) years after the Closing
Date and (ii) a competent transfer agent with respect to the Common Stock for a period of five (5) years after the Closing Date.
In addition, from the date hereof until 90 days after the Closing Date, neither the Company nor any Subsidiary shall issue, enter
into any agreement to issue or announce the issuance or proposed issuance of any shares of Common Stock or Common Stock Equivalents.
Notwithstanding the foregoing, this Section 1.B shall not apply in respect of an Exempt Issuance as defined in the Purchase Agreement.

 

SECTION
2.       REPRESENTATIONS OF THE PLACEMENT AGENT. The Placement Agent represents and warrants
that it (i) is a member in good standing of FINRA, (ii) is registered as a broker/dealer under the Exchange Act, (iii) is licensed
as a broker/dealer under the laws of the United States of America, applicable to the offers and sales of the Placement Agent Securities
by the Placement Agent, (iv) is and will be a corporate body validly existing under the laws of its place of incorporation, (v)
has full power and authority to enter into and perform its obligations under this Agreement. The Placement Agent will immediately
notify the Company in writing of any change in its status with respect to subsections (i) through (v) above. The Placement Agent
covenants that it will use its reasonable best efforts to conduct the Placement hereunder in compliance with the provisions of
this Agreement and the requirements of applicable law.  

 

SECTION
3.        COMPENSATION.

 

A.
In consideration of the services to be provided for hereunder, the Company shall pay to the Placement Agent and/or its respective
designees a cash fee of 7% of the aggregate gross proceeds raised from the sale of the Placement Agent Securities at the Closing
(the “Cash Fee”). The Cash Fee shall be paid on the Closing Date. The Company shall not be required to pay
the Placement Agent any fees or expenses except for the Cash Fee, the reimbursement of up to $50,000 in legal expenses and clearing
agent fees and expenses, and the reimbursement of out of pocket expenses of the Placement Agent in connection with marketing the
transaction (i.e., background checks, tombstones, etc.), with respect to the engagement hereunder; provided, however, that the
reimbursement of legal, and out of pocket expenses of the Placement Agent shall not exceed $75,000 in the aggregate; provided,
further, that this sentence in no way limits or impairs the indemnification or contribution provisions contained herein. The Placement
Agent reserves the right to reduce any item of compensation or adjust the terms thereof as specified herein in the event that
a determination shall be made by FINRA to the effect that the Placement Agent’s aggregate compensation is in excess of FINRA
Rules or that the terms thereof require adjustment.

 

B.
The Company further agrees to issue to the Placement Agent (and/or its designees) on the Closing Date, one warrant to purchase
such number of Common Stock equal to five percent (5%) of the shares of Common Stock issued at the Closing (the “Placement
Agent’s Warrant”). The Placement Agent’s Warrant may be purchased in cash or via cashless exercise, shall
be exercisable for a period of five years from the Closing Date and will terminate on the fifth anniversary of the Closing Date.
The exercise price of the Placement Agent’s Warrant is equal to one hundred and twenty five percent (125%) of Per Share
Purchase Price. The Placement Agent’s Warrant and the shares of Common Stock issuable upon exercise of the Placement Agent’s
Warrant (collectively “Compensation Securities”) will be deemed compensation by FINRA, and therefore will be
subject to FINRA Rule 5110(e)(1). In accordance with FINRA Rule 5110(e)(1), neither the Placement Agent’s Warrant nor any
of the shares of Common Stock issued upon exercise of the Placement Agent’s Warrant may be sold, transferred, assigned,
pledged or hypothecated, or be the subject of any hedging, short sale, derivative, put or call transaction that would result in
the effective economic disposition of such securities by any person, for a period of 180 days beginning on the date of commencement
of sales of the public equity offering.  

 

    2

    

    

 

SECTION
4.       INDEMNIFICATION.

 

A.
To the extent permitted by law, with respect to the Placement Agent Securities, the Company will indemnify the Placement Agent
and its affiliates, directors, officers, employees, members and controlling persons (within the meaning of Section 15 of the Securities
Act or Section 20 of the Exchange Act) against all losses, claims, damages, expenses and liabilities, as the same are incurred
(including the reasonable fees and expenses of counsel), relating to or arising out of its activities hereunder or pursuant to
this Agreement, except to the extent that any losses, claims, damages, expenses or liabilities (or actions in respect thereof)
are found in a final judgment (not subject to appeal) by a court of law to have resulted primarily and directly from the Placement
Agent’s willful misconduct, bad faith or gross negligence in performing the services described herein.

 

B.
Promptly after receipt by the Placement Agent of notice of any claim or the commencement of any action or proceeding with respect
to which the Placement Agent is entitled to indemnity hereunder, the Placement Agent will notify the Company in writing of such
claim or of the commencement of such action or proceeding, but failure to so notify the Company shall not relieve the Company
from any obligation it may have hereunder, except and only to the extent such failure results in the forfeiture by the Company
of substantial rights and defenses. If the Company so elects or is requested by the Placement Agent, the Company will assume the
defense of such action or proceeding and will employ counsel reasonably satisfactory to the Placement Agent and will pay the reasonable
fees and expenses of such counsel. Notwithstanding the preceding sentence, the Placement Agent will be entitled to employ counsel
separate from counsel for the Company and from any other party in such action if counsel for the Placement Agent reasonably determines
that it would be conflict of interest under the applicable rules of professional responsibility for the same counsel to represent
both the Company and the Placement Agent. In such event, the reasonable fees and disbursements of no more than one such separate
counsel will be paid by the Company, in addition to fees of local counsel. The Company will have the right to settle the claim
or proceeding provided that the Company will not settle any such claim, action or proceeding without the prior written consent
of the Placement Agent, which will not be unreasonably withheld. The Company shall not be liable for any settlement of any action
effected without its written consent, which will not be unreasonably withheld.

 

C.
The Company agrees to notify the Placement Agent promptly of the assertion against it or any other person of any claim or the
commencement of any action or proceeding relating to a transaction contemplated by this Agreement.

 

D.
If for any reason the foregoing indemnity is unavailable to the Placement Agent or insufficient to hold the Placement Agent harmless,
then the Company shall contribute to the amount paid or payable by the Placement Agent as a result of such losses, claims, damages
or liabilities in such proportion as is appropriate to reflect not only the relative benefits received by the Company on the one
hand and the Placement Agent on the other, but also the relative fault of the Company on the one hand and the Placement Agent
on the other that resulted in such losses, claims, damages or liabilities, as well as any relevant equitable considerations. The
amounts paid or payable by a party in respect of losses, claims, damages and liabilities referred to above shall be deemed to
include any legal or other fees and expenses incurred in defending any litigation, proceeding or other action or claim. Notwithstanding
the provisions hereof, the Placement Agent’s share of the liability hereunder shall not be in excess of the amount of fees
actually received, or to be received, by the Placement Agent under this Agreement (excluding any amounts received as reimbursement
of expenses incurred by the Placement Agent).

 

E.
These indemnification provisions shall remain in full force and effect whether or not the transaction contemplated by this Agreement
is completed and shall survive the termination of this Agreement, and shall be in addition to any liability that the Company might
otherwise have to any indemnified party under this Agreement or otherwise.

 

    3

    

    

 

SECTION
5.       ENGAGEMENT TERM. The Placement Agent’s engagement hereunder will
be until the early of (i) January 13, 2021 and (ii) the Closing Date. The date of termination of this Agreement is referred to
herein as the “Termination Date.” In the event, however, in the course of the Placement Agent’s performance
of due diligence it deems it necessary to terminate the engagement, the Placement Agent may do so prior to the Termination Date.
The Company may elect to terminate the engagement hereunder for any reason prior to the Termination Date but will remain responsible
for fees and expenses pursuant to Section 3 hereof and fees with respect to the Placement Agent Securities if sold in the Placement.
Notwithstanding anything to the contrary contained herein, the provisions concerning the Company’s obligation to pay any
fees actually earned pursuant to Section 3 hereof, to pay expenses pursuant to Section 3 hereof, and the provisions concerning
confidentiality, indemnification and contribution contained herein will survive any expiration or termination of this Agreement.
If this Agreement is terminated prior to the completion of the Placement, all fees and expenses due to the Placement Agent shall
be paid by the Company to the Placement Agent on or before the Termination Date (in the event such fees are earned or owed as
of the Termination Date). The Placement Agent agrees not to use any confidential information concerning the Company provided to
the Placement Agent by the Company for any purposes other than those contemplated under this Agreement.

 

SECTION
6.      PLACEMENT AGENT INFORMATION. The Company agrees that any information or advice
rendered by the Placement Agent in connection with this engagement is for the confidential use of the Company only in their evaluation
of the Placement and, except as otherwise required by law, the Company will not disclose or otherwise refer to the advice or information
in any manner without the Placement Agent’s prior written consent.

 

SECTION
7.       NO FIDUCIARY RELATIONSHIP. This Agreement does not create, and shall not
be construed as creating rights enforceable by any person or entity not a party hereto, except those entitled hereto by virtue
of the indemnification provisions hereof. The Company acknowledges and agrees that the Placement Agent is not and shall not be
construed as a fiduciary of the Company and shall have no duties or liabilities to the equity holders or the creditors of the
Company or any other person by virtue of this Agreement or the retention of the Placement Agent hereunder, all of which are hereby
expressly waived.

 

SECTION
8.       CLOSING. The obligations of the Placement Agent, and the closing of the
sale of the Placement Agent Securities hereunder are subject to the accuracy, when made and on the Closing Date, of the representations
and warranties on the part of the Company contained herein and in the Purchase Agreement, to the performance by the Company of
its obligations hereunder and in the Purchase Agreement, and to each of the following additional terms and conditions, except
as otherwise disclosed to and acknowledged and waived by the Placement Agent:

 

A.
All corporate proceedings and other legal matters incident to the authorization, form, execution, delivery and validity of each
of this Agreement, the Placement Agent Securities and Compensation Securities, and all other legal matters relating to this Agreement
and the transactions contemplated hereby with respect to the Placement Agent Securities shall be reasonably satisfactory in all
material respects to the Placement Agent.

 

B.
The Placement Agent shall have received from outside U.S. counsel to the Company each such counsel’s written opinion with
respect to the Placement Agent Securities and Compensation Securities, addressed to the Placement Agent and dated as of the Closing
Date, in form and substance reasonably satisfactory to the Placement Agent.

 

    4

    

    

 

C.
The Placement Agent shall have received customary certificates of the Company’s executive officers, as to the accuracy of
the representations and warranties contains in the Purchase Agreement, and a certificate of the Company’s secretary certifying
that the Company’s charter documents are true and complete, have not been modified and are in full force and effect; (ii)
that the resolutions of the Company’s Board of Directors relating to the Placement are in full force and effect and have
not been modified; and (iii) as to the incumbency of the officers of the Company.

 

D.
The Placement Agent shall have received an executed FINRA questionnaire from each of the Company and the Company’s executive
officers and directors.

 

E.
The Common Stock shall be registered under the Exchange Act and, as of the Closing Date, the Common Stock shall be listed and
admitted and authorized for trading on the Trading Market or other applicable U.S. national exchange and satisfactory evidence
of such action shall have been provided to the Placement Agent. The Company shall have taken no action designed to, or likely
to have the effect of terminating the registration of the Common Stock under the Exchange Act or delisting or suspending from
trading the Common Stock from the Trading Market or other applicable U.S. national exchange, nor has the Company received any
information suggesting that the Commission or the Trading Market or other U.S. applicable national exchange is contemplating terminating
such registration or listing.

 

F.
No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any governmental
agency or body which would, as of the Closing Date, prevent the issuance or sale of the Placement Agent Securities and the Compensation
Securities or materially and adversely affect or potentially and adversely affect the business or operations of the Company; and
no injunction, restraining order or order of any other nature by any federal or state court of competent jurisdiction shall have
been issued as of the Closing Date which would prevent the issuance or sale of the Placement Agent Securities or materially and
adversely affect or potentially and adversely affect the business or operations of the Company.

 

G.
The Company shall have entered into a Purchase Agreement with each of the several Purchasers of the Placement Agent Securities
and such agreements shall be in full force and effect and shall contain representations, warranties and covenants of the Company
as agreed upon between the Company and the Purchasers.

 

H.
FINRA shall have raised no objection to the fairness and reasonableness of the terms and arrangements of this Agreement. In addition,
the Company shall, if requested by the Placement Agent, make or authorize Placement Agent’s counsel to make on the Company’s
behalf, any filing with the FINRA Corporate Financing Department pursuant to FINRA Rule 2710 with respect to the Placement and
pay all filing fees required in connection therewith.

 

If
any of the conditions specified in this Section 8 shall not have been fulfilled when and as required by this Agreement, all obligations
of the Placement Agent hereunder may be cancelled by the Placement Agent at, or at any time prior to, the Closing Date. Notice
of such cancellation shall be given to the Company in writing or orally. Any such oral notice shall be confirmed promptly thereafter
in writing.

 

SECTION
9.     GOVERNING LAW. This Agreement will be governed by, and construed in accordance with,
the laws of the State of New York applicable to agreements made and to be performed entirely in such State. This Agreement may
not be assigned by either party without the prior written consent of the other party. This Agreement shall be binding upon and
inure to the benefit of the parties hereto, and their respective successors and permitted assigns. Any right to trial by jury
with respect to any dispute arising under this Agreement or any transaction or conduct in connection herewith is waived. Any dispute
arising under this Agreement may be brought into the courts of the State of New York or into the Federal Court located in New
York, New York and, by execution and delivery of this Agreement, the Company hereby accepts for itself and in respect of its property,
generally and unconditionally, the jurisdiction of aforesaid courts. Each party hereto hereby irrevocably waives personal service
of process and consents to process being served in any such suit, action or proceeding by delivering a copy thereof via overnight
delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees
that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be
deemed to limit in any way any right to serve process in any manner permitted by law. If either party shall commence an action
or proceeding to enforce any provisions of this Agreement, then the prevailing party in such action or proceeding shall be reimbursed
by the other party for its attorney's fees and other costs and expenses incurred with the investigation, preparation and prosecution
of such action or proceeding.

  

    5

    

    

 

SECTION
10.     ENTIRE AGREEMENT/MISCELLANEOUS. This Agreement embodies the entire agreement and understanding
between the parties hereto, and supersedes all prior agreements and understandings, relating to the subject matter hereof. If
any provision of this Agreement is determined to be invalid or unenforceable in any respect, such determination will not affect
such provision in any other respect or any other provision of this Agreement, which will remain in full force and effect. This
Agreement may not be amended or otherwise modified or waived except by an instrument in writing signed by both the Placement Agent
and the Company. The representations, warranties, agreements and covenants contained herein shall survive the Closing Date of
the Placement and delivery of the Placement Agent Securities and the Compensation Securities. This Agreement may be executed in
two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective
when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need
not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or a .pdf format file, such
signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with
the same force and effect as if such facsimile or .pdf signature page were an original thereof.

 

SECTION
12.     NOTICES. Any and all notices or other communications or deliveries required
or permitted to be provided hereunder shall be in writing and shall be deemed given and effective on the earliest of (a) the date
of transmission, if such notice or communication is sent to the email address specified on the signature pages attached hereto
prior to 6:30 p.m. (New York City time) on a business day, (b) the next business day after the date of transmission, if such notice
or communication is sent to the email address on the signature pages attached hereto on a day that is not a business day or later
than 6:30 p.m. (New York City time) on any business day, (c) the third business day following the date of mailing, if sent by
U.S. internationally recognized air courier service, or (d) upon actual receipt by the party to whom such notice is required to
be given. The address for such notices and communications shall be as set forth on the signature pages hereto.

 

SECTION
13. Press Announcements. The Company agrees that the Placement Agent
shall, on and after the Closing Date, have the right to reference the Placement and the Placement Agent’s role in connection
therewith in the Placement Agent’s marketing materials and on its website and to place advertisements in financial and other
newspapers and journals, in each case at its own expense.

 

[The
remainder of this page has been intentionally left blank.]

 

    6

    

    

 

Please
confirm that the foregoing correctly sets forth our agreement by signing and returning to the Placement Agent the enclosed copy
of this Agreement.

 

	 	Very truly yours,
	 	 	 	 
	 	 	A.G.P./ALLIANCE
    GLOBAL PARTNERS
	 	 	 	 
	 		By:	/s/
    Thomas Higgins                 
	 	 	Name:	Thomas
    Higgins
	 	 	Title:	Managing
    Director
	 	 	
	 	 	Address
    for notice:
	 	 	590
    Madison Avenue 36th Floor
	 	 	New
    York, New York 10022
	 	 	Attn:
    Thomas Higgins
	 	 	Email:
    thiggins@allianceg.com

 

Accepted
and Agreed to as of the date first written above:

 

	Future FinTech Group Inc. 
	 	 	 
	By:	/s/
    Shanchun Huang	 
	Name:	Shanchun
    Huang	 
	Title:	Chief
    Executive Officer	 

 

	Address
    for notice:	 
	Future
    FinTech Group Inc. 	 
	Americas
    Tower, 1177 Avenue of The Americas,	 
	Suite
    5100, New York, NY 10036 	 
	Attn:
    Shanchun Huang, Director and Chief Executive Officer	 

 

[Signature
Page to Placement Agent Agreement.]

 

 

7EXHIBIT 4.1

 

UNWIRED PLANET, INC.

SECOND AMENDED AND RESTATED

1999 DIRECTORS’ EQUITY COMPENSATION PLAN

1.                 
Purposes of the Plan. The purposes of this Unwired Planet, Inc. Second Amended and Restated
1999 Directors’ Equity Compensation Plan are to attract and retain the best available personnel for service as Directors
of the Company, to provide additional incentive to the Outside Directors of the Company to serve as Directors, and to encourage
their continued service on the Board.

All options granted hereunder shall be
nonstatutory stock options.

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

(a)              
“Annual Award” means yearly granting of both the Annual Option Award and the Annual Restricted
Stock Award.

(b)              
“Annual Meeting of the Stockholders” means the Company’s annual meeting of its stockholders.

(c)              
“Annual Option Award” means the annual grant of an Option to purchase a certain number
of shares granted by the Board to an Outside Director.

(d)              
“Annual Restricted Stock Award” means the annual Restricted Stock Bonus of a certain number
of shares granted by the Board to an Outside Director.

(e)              
“Award” means an Option, Stock Appreciation Right, Restricted Stock Bonus or Restricted
Stock Unit granted under the Plan.

(f)               
“Award Recipient” means an Outside Director who receives an Award.

(g)              
“Base Price” means the Fair Market Value of one Share on the date that a Stock Appreciation
Right is granted.

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

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

(i)                
The sale, exchange, lease or other disposition of all or substantially all of the assets of the Company to a person
or group of related persons (as such terms are defined or described in Sections 3(a)(9) and 13(d)(3) of the Exchange Act ) that
will continue the business of the Company in the future;

(ii)             
A merger or consolidation involving the Company in which the voting securities of the Company owned by the stockholders
of the Company immediately prior to such merger or consolidation do not represent, after conversion if applicable, more than fifty
percent (50%) of the total voting power of the surviving controlling entity outstanding immediately after such merger or consolidation;
provided that any person who (1) was a beneficial owner (within the meaning of Rules 13d-3 and 13d-5 promulgated under the Exchange
Act) of the voting securities of the Company immediately prior to such merger or consolidation, and (2) is a beneficial owner of
more than 20% of the securities of the Company immediately after such merger or consolidation, shall be excluded from the list
of “stockholders of the Company immediately prior to such merger or consolidation” for purposes of the preceding calculation);
or

    	 	1 	 

     

    

(iii)           
The direct or indirect acquisition of beneficial ownership of at least fifty percent (50%) of the voting securities
of the Company by a person or group of related persons (as such terms are defined or described in Sections 3(a)(9) and 13(d)(3)
of the Exchange Act); provided, that “person or group of related persons” shall not include the Company, a subsidiary
of the Company, or an employee benefit plan sponsored by the Company or a subsidiary of the Company (including any trustee of such
plan acting as trustee).

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

(k)              
“Common Stock” means the Common Stock of the Company.

(l)                
“Company” means Unwired Planet, Inc., a Delaware corporation.

(m)            
“Continuous Status as a Director” means the absence of any interruption or termination
of service as a Director. The Board, in its sole discretion, may determine whether Continuous Service shall be considered interrupted
in the case of any leave of absence approved by the Company, including sick leave, military leave or any other personal leave.

(n)              
“Corporate Transaction” means a dissolution or liquidation of the Company, a sale of all
or substantially all of the Company’s assets, or a merger, consolidation or other capital reorganization of the Company with
or into another corporation.

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

(p)              
“Employee” means any person, including any officer or Director, employed by the Company
or any Parent or Subsidiary of the Company. The payment of a director’s fee by the Company shall not be sufficient in and
of itself to constitute “employment” by the Company.

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

(r)               
“Fair Market Value” means the value of a Share as determined in accordance with Section
8(a) hereof.

(s)               
“First Award” means the first Award granted by the Board to a new Outside Director which
shall consist of the First Option Award and the First Restricted Stock Award.

(t)                
“First Option Award” means the first Option to purchase a certain number of shares granted
to an Outside Director upon his or her election by the stockholders of appointment by the Board.

    	 	2 	 

     

    

(u)              
“First Restricted Stock Award” means the first Restricted Stock Bonus of a certain number
of shares granted to an Outside Director upon his or her election by the stockholders or appointment by the Board.

(v)              
“Option” means a stock option granted pursuant to the Plan. All options shall be nonstatutory
stock options (i.e., options that are not intended to qualify as incentive stock options under Section 422 of the Code).

(w)            
“Optioned Stock” means the Common Stock subject to an Option.

(x)              
“Optionee” means an Outside Director who receives an Option.

(y)              
“Outside Director” means a Director who is not an Employee.

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

(aa)           
“Plan” means this Unwired Planet, Inc. Second Amended and Restated 1999 Directors’
Equity Compensation Plan.

(bb)          
“Restricted Stock Bonus” means a grant of Shares not requiring an Outside Director to pay
any amount of monetary consideration.

(cc)           
“Restricted Stock Bonus Recipient” means an Outside Director who receives a Restricted
Stock Bonus.

(dd)          
“Restricted Stock Unit” means a right to receive an amount of cash and/or Shares, as the
case may be, equal to the Fair Market Value of one Share at the time the Restricted Stock Unit vests.

(ee)           
“Restricted Stock Unit Recipient” means an Outside Director who receives a Restricted Stock
Unit.

(ff)             
“Share” means a share of the Common Stock, as adjusted in accordance with Section 14 hereof.

(gg)          
“Stock Appreciation Right” means the right to receive an amount of cash and/or Shares,
as the case may be, equal to the Fair Market Value of one Share on the day the Stock Appreciation Right is redeemed, reduced by
the Base Price applicable to such Stock Appreciation Right.

(hh)          
“Stock Appreciation Right Recipient” means an Outside Director who receives a Stock Appreciation
Right.

(ii)             
“Subsidiary” means a “subsidiary corporation,” whether now or hereafter existing,
as defined in Section 424(f) of the Code.

3.                 
Stock Subject to the Plan. Subject to the provisions of Section 14 hereof, the maximum aggregate
number of Shares that are available for Awards under the Plan is 3,650,000 Shares (the “Pool”); provided, however,
that no more than 2,000,000 Shares of such Pool may be issued pursuant to Awards of Restricted Stock Units or Restricted Stock
Bonus. The Shares may be authorized, but unissued, or reacquired Common Stock. Upon any distribution in respect of Stock Appreciation
Rights or Restricted Stock Units, there shall be deemed to have been delivered under this Plan for purposes of this Section 3
the number of Shares covered by the Stock Appreciation Rights or Restricted Stock Units, regardless of whether such distribution
was paid in cash or Shares.

    	 	3 	 

     

    

If an Award should expire, be cancelled
or forfeited or become unexercisable or irredeemable for any reason without Shares being delivered thereunder (or other payment
made in lieu thereof) or the Award having been exercised in full, the Shares that were subject thereto shall, unless the Plan has
been terminated, become available for future grant under the Plan. Notwithstanding the foregoing, Shares subject to an Award under
the Plan may not again be made available for issuance under the Plan if such Shares are retained by the Company upon the vesting,
exercise or redemption of an Award in order to satisfy the exercise price for such Award or withholding taxes, if any, due in connection
with such vesting, exercise or redemption. For the avoidance of doubt, Shares underlying (i) the unexercised portion of an Option
or Stock Appreciation Right and (ii) the unvested portion of a Restricted Stock Bonus or Restricted Stock Unit at the time any
such Award terminates in accordance with Sections 10, 11, 12 or 13 hereof, as applicable, shall revert to and again be available
for future grant under the Plan, unless the Plan has been terminated. If Shares that were acquired upon exercise of an Option or
redemption of a Stock Appreciation Right, or in connection with a Restricted Stock Bonus or Restricted Stock Unit are subsequently
repurchased by the Company, such Shares shall not in any event be returned to the Plan and shall not become available for future
grant under the Plan.

4.                 
Administration of and Grants of Awards under the Plan.

(a)              
Administrator. Except as otherwise required herein, the Plan shall be administered by the Board; provided,
however, that the Board may by resolution delegate to a committee of two or more members of the Board the authority to perform
any or all things that the Board is authorized and empowered to do or perform under the Plan, and for all purposes under this Plan,
such committee shall be treated as the Board; except to the extent that the grant or exercise of such authority would cause any
Award or transaction to become subject to (or lose an exemption under) the short-swing profit recovery provisions of Section 16(b)
of the Exchange Act. Notwithstanding anything in this Section 4(a) to the contrary, any amendment to the Plan that, in accordance
with Applicable Law (as defined in Section 17 hereof), would require stockholder approval must be approved by the full Board.

(b)              
Procedure for Grants. Grants of First Awards and Annual Awards hereunder shall be made in accordance
with the following provisions:

(i)                
Each Outside Director who becomes an Outside Director for the first time after October 20, 2008, whether through
election by the stockholders of the Company or appointment by the Board to fill a vacancy, but excluding a person who becomes an
Outside Director solely on account of his or her resignation or termination of employment with the Company, shall automatically
be granted, on the date that such person becomes an Outside Director, the First Award which shall consist of (i) the First Option
Award and (ii) the First Restricted Stock Award, in each case as determined by the Board. In the event, however, that (i) the Board
exercises its discretion under Section 4(f) to grant Stock Appreciation Rights in lieu of Options and/or Restricted Stock Units
in lieu of Restricted Stock Bonuses, the First Award shall instead consist of a grant of Stock Appreciation Rights and/or Restricted
Stock Units covering the number of Shares to be issued pursuant to the First Award.

    	 	4 	 

     

    

(ii)             
Each Outside Director shall automatically be eligible for a grant of an Annual Award which shall consist of (i) an
Annual Option Award and (ii) an Annual Restricted Stock Award, in each case, on the date of the Company’s most recently adjourned
Annual Meeting of the Stockholders provided they are an Outside Director as of such date. The number of Shares subject to each
Annual Award shall be determined by the Board and shall be granted to each Outside Director in accordance with the schedule set
forth in Subsections 4(b)(iii)(1)-(4) hereof. For the avoidance of doubt, a person who becomes an Outside Director solely on account
of his or her resignation or termination of employment with the Company shall be entitled to Annual Awards pursuant to this Subsection
4(b)(iii) based on the time such Director first becomes an Outside Director. In the event, however, that the Board exercises its
discretion under Section 4(f) to grant Stock Appreciation Rights in lieu of Options and/or Restricted Stock Units in lieu of Restricted
Stock Bonuses, the Annual Awards instead shall consist of a grant of Stock Appreciation Rights and/or Restricted Stock Units, as
applicable, covering the number of Shares determined pursuant to the schedule set forth in Subsections 4(b)(iii)(1)-(4) hereof.

(1)              
a person who has served less than two full months as an Outside Director during the prior calendar year shall not
be awarded any Annual Award;

(2)              
a person who has served at least two full months, but less than five full months as an Outside Director during the
prior calendar year, shall be granted an Annual Award equal to one-third of the Annual Option Award and the Annual Restricted Stock
Award, respectively;

(3)              
a person who has served at least five full months, but less than eight full months as an Outside Director during
the prior calendar year, shall be granted an Annual Award equal to two-thirds of the Annual Option Award and the Annual Restricted
Stock Award, respectively; and

(4)              
a person who has served at least eight full months as an Outside Director during the prior calendar year, shall be
granted the full Annual Award.

(iii)           
Notwithstanding the provisions of Subsections (i) and (ii) hereof, in the event that a grant would cause the number
of Shares subject to outstanding Awards plus the number of Shares previously acquired upon exercise or redemption of, or otherwise
in connection with, Awards to exceed the Pool, then each such automatic grant shall be for that number of Shares determined by
dividing the total number of Shares remaining available for grant by the number of Outside Directors receiving an Award on the
automatic grant date and shall be granted in the form of both Options (or Stock Appreciation Rights) and Restricted Stock Bonuses
(or Restricted Stock Units) in the same proportions as would otherwise have been granted on that date. Any further grants shall
then be deferred until such time, if any, as additional Shares become available for grant under the Plan through action of the
stockholders to increase the number of Shares which may be issued under the Plan or through cancellation, forfeiture or expiration
of Awards previously granted hereunder.

(iv)            
Notwithstanding the provisions of Subsections (i) and (ii) hereof, any grant of an Award made before the Company
has obtained required stockholder approval of the Plan in accordance with Section 20 hereof shall be conditioned upon obtaining
such stockholder approval of the Plan in accordance with Section 20 hereof.

    	 	5 	 

     

    

(v)              
In addition to the First Awards and Annual Awards described in Subsections (i) and (ii) hereof, the Board shall have
the authority to grant Awards to Outside Directors for service as an Outside Director, service on a committee or committees of
the Board and/or for service as the Chairman of the Board, in each case in accordance with a policy adopted by the Board or otherwise,
and shall be subject to such terms and conditions as the Board may determine; provided, however, no more than 500,000 shares year
may be granted to any one director pursuant to a discretionary award under the Restated Plan per calendar.

(vi)            
The terms of each Award granted hereunder shall be as follows:

(1)              
each Award of Options or Stock Appreciation Rights shall be exercisable or redeemable only while the Outside Director
remains a Director of the Company, except as set forth in Section 9 or Section 10 hereof, as applicable;

(2)              
the exercise price or Base Price per Share of each Option or Stock Appreciation Right shall be 100% of the Fair Market
Value per Share on the date of grant of each Award, determined in accordance with Section 8(a) hereof;

(3)              
each Option or Stock Appreciation Right granted to an Outside Director as a First Award shall vest and become exercisable
or redeemable in equal annual installments commencing on the one year anniversary of the date of grant and ending on the three
year anniversary of the date of grant, and the Annual Awards shall vest and become exercisable or redeemable in equal annual installments
on the date of each of the three subsequent Annual Meetings of the Stockholders; provided, however, that such Shares underlying
the Award shall only vest as long as the Outside Director remains in Continuous Status as a Director of the Company on the respective
vesting date;

(4)              
each Share subject to a Restricted Stock Bonus and each Restricted Stock Unit granted to an Outside Director as a
First Award shall vest in equal annual installments commencing on the one year anniversary of the date of grant and ending on the
three year anniversary of the date of grant, and Annual Awards shall vest in equal annual installments on the date of each of the
three subsequent Annual Meetings of the Stockholders; provided, however, that such Shares underlying the Award shall only vest
as long as the Outside Director remains in Continuous Status as a Director of the Company on the respective vesting date;

(5)              
notwithstanding the foregoing, each outstanding Award granted to an Outside Director shall immediately vest, and
to the extent applicable, become exercisable or redeemable, upon the termination of such Outside Director’s Continuous Status
as a Director for any reason upon or within 24 months following a Change of Control.

(c)              
Powers of the Board. Subject to the provisions and restrictions of the Plan, the Board shall have the
authority, in its discretion: (i) to determine, upon review of relevant information and in accordance with Section 8(a) hereof,
the Fair Market Value of the Common Stock; (ii) to determine the exercise price or Base Price per Share of Options and Stock Appreciation
Rights to be granted, which exercise price or Base Price shall be determined in accordance with Section 9 or Section 10 hereof,
as applicable; (iii) to interpret the Plan; (iv) to prescribe, amend and rescind rules and regulations relating to the Plan; (v)
to authorize any person to execute on behalf of the Company any instrument required to effectuate the grant of an Award previously
granted hereunder; and (vi) to make all other determinations deemed necessary or advisable for the administration of the Plan.

    	 	6 	 

     

    

(d)              
Effect of Board’s Decision. All decisions, determinations and interpretations of the Board shall
be final and binding on all Award Recipients and any other holders of any Awards granted under the Plan.

(e)              
Suspension or Termination of Award. If the Chief Executive Officer or his or her designee reasonably
believes that an Award Recipient has committed an act of misconduct, such officer may suspend the Award Recipient’s right
to vest in or exercise or redeem any Award, or receive Shares under an Award, pending a determination by the Board (excluding the
Outside Director accused of such misconduct). If the Board (excluding the Outside Director accused of such misconduct) determines
an Award Recipient has committed an act of embezzlement, fraud, dishonesty, nonpayment of an obligation owed to the Company, breach
of fiduciary duty or deliberate disregard of the Company rules resulting in loss, damage or injury to the Company, or if an Award
Recipient makes an unauthorized disclosure of any Company trade secret or confidential information, engages in any conduct constituting
unfair competition, induces any Company customer to breach a contract with the Company or induces any principal for whom the Company
acts as agent to terminate such agency relationship, all Awards then held by the Award Recipient (or his or her estate) shall be
forfeited immediately upon such determination. In making such determination, the Board (excluding the Outside Director accused
of such misconduct) shall act fairly and shall give the Award Recipient an opportunity to appear and present evidence on his or
her own behalf at a hearing before the Board or a committee of the Board.

(f)               
Stock Appreciation Rights and/or Restricted Stock Units; Distribution. Notwithstanding the provisions
of Sections 4(b) through 4(e) hereof, the Board shall retain the right to make grants under this Plan in the form of Stock Appreciation
Rights rather than in Options and in the form of Restricted Stock Units rather than in Restricted Stock Bonuses.

Stock Appreciation Rights granted in lieu
of Options and Restricted Stock Units granted in lieu of Restricted Stock Bonuses shall cover the same number of underlying Shares
as the Award for which they have been substituted. Vested Stock Appreciation Rights shall be redeemable upon such terms and conditions
as the Board may establish that are not inconsistent with the provisions of Section 4(b) hereof. Upon redemption of the Stock Appreciation
Right, the Stock Appreciation Right Recipient shall be entitled to receive a distribution from the Company in an amount equal to
the excess of (i) the aggregate Fair Market Value (on the redemption date) of the Shares underlying the redeemed right over (ii)
the aggregate Base Price in effect for those Shares. Upon the vesting of each Restricted Stock Unit, the Restricted Stock Unit
Recipient shall be entitled to receive a distribution from the Company in an amount equal to the aggregate Fair Market Value (on
the vesting date) of the Shares underlying the portion of the Restricted Stock Unit vesting on such date.

The distribution with respect to any Stock
Appreciation Right or Restricted Stock Unit may be made in Shares valued at the Fair Market Value on the redemption or vesting
date (as applicable), in cash, or partly in Shares and partly in cash, as the Board shall in its sole discretion deem appropriate.

5.                 
Eligibility. Awards may be granted only to Outside Directors. First Awards and Annual Awards
shall be automatically granted in accordance with the terms set forth in Section 4(b)(i) and Section 4(b)(ii) hereof. An Outside
Director who has been granted a First Award and/or Annual Awards may, if he or she is otherwise eligible, be granted an additional
Award or Awards in accordance with Section 4(b)(v) hereof. The Plan shall not confer upon any Award Recipient any right with respect
to continuation of service as a Director or nomination to serve as a Director, nor shall it interfere in any way with any rights
which the Director or the Company may have to terminate his or her directorship at any time.

    	 	7 	 

     

    

6.                 
Term of Plan; Effective Date. This amendment and restatement of the Plan is effective as of
September 13, 2013 except for the increase in the Pool under Section 3 hereof, which shall become effective upon the approval
of the stockholders of the Company. The Plan shall continue in effect until November 12, 2023, unless sooner terminated under
Section 16 hereof.

7.                 
Term of Awards. The term of each Award of Options or Stock Appreciation Rights shall be ten
(10) year(s) from the date of grant thereof unless an Award terminates sooner pursuant to Section 9 or Section 10 hereof, as applicable,
or the Award Recipient’s Award agreement.

8.                 
Determination of Fair Market Value; Withholding.

(a)              
Fair Market Value. Fair Market Value per Share shall be determined as follows:

(i)                
If the Common Stock is listed on any established stock exchange or a national market system, including without limitation
the Nasdaq Global Market or The Nasdaq Capital Market of The Nasdaq Stock Market, its Fair Market Value shall be the closing sales
price for such stock (or the closing bid, if no sales were reported), as quoted on such exchange or system on the day of determination
or, if the stock exchange or national market system on which the Common Stock trades is not open on the day of determination, the
last business day prior to the day of determination;

(ii)             
If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, its
Fair Market Value shall be the mean between the high bid and low asked prices for the Common Stock on the day of determination
or, if the stock exchange or national market system on which the Common Stock trades is not open on the day of determination, the
last business day prior to the day of determination; or

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

(b)              
Share Withholding; Delivery of Shares. With respect to any Award, the Board may, in its discretion
and subject to such rules as the Board may adopt, permit or require any Award Recipient to satisfy, in whole or in part, a withholding
tax obligation, if any, which may arise in connection with the Award by electing to have the Company withhold Shares having a Fair
Market Value (as of the date the amount of withholding tax is determined) equal to the amount of withholding tax.

If, under the Plan or any agreement evidencing
an Award, an Award Recipient is permitted to pay the exercise price of an Option or taxes relating to the vesting, exercise or
redemption of an Award by delivering Shares, the Award Recipient may satisfy such delivery requirement by presenting proof of beneficial
ownership of such Shares, subject to procedures satisfactory to the Board. If the Award Recipient presents such proof, the Company
shall treat the Award as vested, exercised or redeemed without further payment and shall withhold the appropriate number of Shares
from the Shares actually acquired by the Award Recipient under the Award.

    	 	8 	 

     

    

9.                 
Terms and Conditions of Options.

(a)              
Exercise Price. The per Share exercise price for the Shares to be issued pursuant to exercise of an
Option shall be 100% of the Fair Market Value per Share on the date of grant of the Option.

(b)              
Form of Consideration for Options. The consideration to be paid for the Shares to be issued upon exercise
of an Option shall consist entirely of cash, check, other Shares having a Fair Market Value on the date of surrender equal to the
aggregate exercise price of the Shares as to which the Option shall be exercised (which, if acquired from the Company, shall have
been held for such period of time, if any, as required by the Board), or any combination of such methods of payment and/or, if
expressly permitted under the terms of an Option, any other consideration or method of payment as shall be permitted under applicable
corporate law.

(c)              
Procedure for Exercise; Rights as a Stockholder. Any Option granted hereunder shall be exercisable
at such times as are set forth in Section 4(b) hereof or as otherwise determined by the Board. An Option may not be exercised for
a fraction of a Share.

An Option shall be deemed to be exercised
when written notice of such exercise has been given to the Company in accordance with the terms of the Option by the person entitled
to exercise the Option and full payment for the Shares with respect to which the Option is exercised has been received by the Company.
Full payment may consist of any consideration and method of payment allowable under Section 9(b) hereof. Until the issuance (as
evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company) of the stock
certificate evidencing such Shares, no right to vote or receive dividends or any other rights as a stockholder shall exist with
respect to the Optioned Stock, notwithstanding the exercise of the Option. A share certificate for the number of Shares so acquired
shall be issued to the Optionee as soon as practicable after exercise of the Option. No adjustment will be made for a dividend
or other right for which the record date is prior to the date the stock certificate is issued, except as provided in Section 14
hereof.

Exercise of an Option in any manner shall
result in a decrease in the number of Shares which thereafter may be available for sale under the Option, by the number of Shares
as to which the Option is exercised.

(d)              
Termination of Continuous Status as a Director. If an interruption or termination of the Continuous
Status as a Director occurs to an Outside Director, he or she may, but only within three (3) months after the date he or she ceases
to be a Director of the Company, exercise his or her Option to the extent that he or she was entitled to exercise it at the date
of such termination. Notwithstanding the foregoing, in no event may the Option be exercised after its term set forth in Section
7 has expired. To the extent that such Outside Director was not entitled to exercise an Option at the date of such termination,
or does not exercise such Option (to the extent he or she was entitled to exercise) within the time specified above, the Option
shall terminate and the Shares underlying the unexercised portion of the Option shall revert to the Plan.

    	 	9 	 

     

    

(e)              
Disability of Optionee. Notwithstanding Section 9(d) hereof, in the event a Director is unable to continue
his or her service as a Director with the Company as a result of his or her total and permanent disability (as defined in Section
22(e)(3) of the Code), he or she may, but only within twelve (12) months from the date of such termination, exercise his or her
Option to the extent he or she was entitled to exercise it at the date of such termination. Notwithstanding the foregoing, in no
event may the Option be exercised after its term set forth in Section 7 has expired. To the extent that he or she was not entitled
to exercise the Option at the date of termination, or if he or she does not exercise such Option (to the extent he or she was entitled
to exercise) within the time specified above, the Option shall terminate and the Shares underlying the unexercised portion of the
Option shall revert to the Plan.

(f)               
Death of Optionee. In the event of the death of an Optionee: (A) who is, at the time of his or her
death, a Director of the Company and who shall have been in Continuous Status as a Director since the date of grant of the Option,
or (B) three (3) months after the termination of Continuous Status as a Director, the Option may be exercised, at any time within
twelve (12) months following the date of death, by the Optionee’s estate or by a person who acquired the right to exercise
the Option by bequest or inheritance, but only to the extent of the right to exercise that had accrued at the date of death or
the date of termination, as applicable. Notwithstanding the foregoing, in no event may the Option be exercised after its term set
forth in Section 7 has expired. To the extent that an Optionee was not entitled to exercise the Option at the date of death or
termination or if he or she does not exercise such Option (to the extent he or she was entitled to exercise) within the time specified
above, the Option shall terminate and the Shares underlying the unexercised portion of the Option shall revert to the Plan.

10.             
Terms and Conditions of Stock Appreciation Rights.

(a)              
Base Price. The per Share Base Price for the Shares to be issued pursuant to the redemption of a Stock
Appreciation Right shall be 100% of the Fair Market Value per Share on the date of grant of the Stock Appreciation Right.

(b)              
Procedure for Redemption; Rights as a Stockholder. Any Stock Appreciation Right granted hereunder shall
be redeemable at such times as are set forth in Section 4(b) hereof or as otherwise determined by the Board. A Stock Appreciation
Right may not be redeemed for a fraction of a Share.

A Stock Appreciation Right shall be deemed
to be redeemed when written notice of such redemption has been given to the Company in accordance with the terms of the Stock Appreciation
Right by the person entitled to redeem the Stock Appreciation Right.

Until the issuance (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company) of the stock certificate evidencing
such Shares, no right to vote or receive dividends or any other rights as a stockholder shall exist with respect to the Shares
distributed upon redemption of Stock Appreciation Rights, notwithstanding the redemption of the Stock Appreciation Right. A share
certificate for the number of Shares so acquired shall be issued to the Stock Appreciation Right Recipient as soon as practicable
after redemption of the Stock Appreciation Right. No adjustment will be made for a dividend or other right for which the record
date is prior to the date the stock certificate is issued, except as provided in Section 14 hereof.

    	 	10 	 

     

    

(c)              
Termination of Continuous Status as a Director. If an interruption or termination of the Continuous
Status as a Director occurs to an Outside Director, he or she may, but only within three (3) months after the date he or she ceases
to be a Director of the Company, redeem his or her Stock Appreciation Right to the extent that he or she was entitled to redeem
it at the date of such termination. Notwithstanding the foregoing, in no event may the Stock Appreciation Right be redeemed after
its term set forth in Section 7 has expired. To the extent that such Outside Director was not entitled to redeem a Stock Appreciation
Right at the date of such termination, or does not redeem such Stock Appreciation Right (to the extent he or she was entitled to
redeem) within the time specified above, the Stock Appreciation Right shall terminate and the Shares underlying the unredeemed
portion of the Stock Appreciation Right shall revert to the Plan.

(d)              
Disability of Stock Appreciation Right Recipient. Notwithstanding Section 10(c) hereof, in the event
a Director is unable to continue his or her service as a Director with the Company as a result of his or her total and permanent
disability (as defined in Section 22(e)(3) of the Code), he or she may, but only within twelve (12) months from the date of such
termination, redeem his or her Stock Appreciation Right to the extent he or she was entitled to redeem it at the date of such termination.
Notwithstanding the foregoing, in no event may the Stock Appreciation Right be redeemed after its term set forth in Section 7 has
expired. To the extent that he or she was not entitled to redeem the Stock Appreciation Right at the date of termination, or if
he or she does not redeem such Stock Appreciation Right (to the extent he or she was entitled to redeem) within the time specified
above, the Stock Appreciation Right shall terminate and the Shares underlying the unredeemed portion of the Stock Appreciation
Right shall revert to the Plan.

(e)              
Death of Stock Appreciation Right Recipient. In the event of the death of a Stock Appreciation Right
Recipient: (A) who is, at the time of his or her death, a Director of the Company and who
shall have been in Continuous Status as a Director since the date of grant of the Stock Appreciation Right, or (B) three (3) months
after the termination of Continuous Status as a Director, the Stock Appreciation Right may be redeemed, at any time within twelve
(12) months following the date of death, by the Stock Appreciation Right Recipient’s estate or by a person who acquired the
right to redeem the Stock Appreciation Right by bequest or inheritance, but only to the extent of the right to redeem that had
accrued at the date of death or the date of termination, as applicable. Notwithstanding the foregoing, in no event may the Stock
Appreciation Right be redeemed after its term set forth in Section 7 has expired. To the extent that a Stock Appreciation Right
Recipient was not entitled to redeem the Stock Appreciation Right at the date of death or termination or if he or she does not
redeem such Stock Appreciation Right (to the extent he or she was entitled to redeem) within the time specified above, the Stock
Appreciation Right shall terminate and the Shares underlying the unredeemed portion of the Stock Appreciation Right shall revert
to the Plan.

11.             
Terms and Conditions of Restricted Stock Bonuses.

(a)              
Consideration. Restricted Stock Bonuses may be awarded in consideration for future services to be rendered
or past services actually rendered to the Company or for its benefit, or any benefit to the Company within the meaning of Section
152 of the Delaware General Corporation Law, or any combination thereof.

    	 	11 	 

     

    

(b)              
Vesting. Shares awarded under a Restricted Stock Bonus shall be subject to a share reacquisition right
in favor of the Company in accordance with the vesting schedule set forth in Section 4(b)(vi)(4) hereof or as otherwise determined
by the Board.

(c)              
Termination of Continuous Status as a Director. If an interruption or termination of the Continuous
Status as a Director occurs to an Outside Director, the Company shall reacquire all of the Shares subject to Restricted Stock Bonuses
awarded to the Outside Director that have not vested as of the date of interruption or termination and such Shares shall revert
to the Plan.

12.             
Terms and Conditions of Restricted Stock Units.

(a)              
Consideration. Shares subject to Restricted Stock Units may be awarded in consideration for future
services to be rendered or past services actually rendered to the Company or for its benefit, or any benefit to the Company within
the meaning of Section 152 of the Delaware General Corporation Law, or any combination thereof.

(b)              
Vesting. Restricted Stock Units shall be subject to forfeiture in accordance with the vesting schedule
set forth in Section 4(b)(vi)(4) hereof or as otherwise determined by the Board.

(c)              
Termination of Continuous Status as a Director. If an interruption or termination of the Continuous
Status as a Director occurs to an Outside Director, all Restricted Stock Units awarded to the Outside Director that have not vested
as of the date of interruption or termination shall terminate and the Shares subject to such Restricted Stock Units shall revert
to the Plan.

(d)              
Deferral. To the extent permitted by the Board in the terms of the agreement evidencing an Award of
Restricted Stock Units, an Outside Director may elect to defer receipt of the value of the Shares otherwise deliverable upon the
vesting of an Award of Restricted Stock Units, so long as such deferral election complies with the procedures established by the
Board and applicable law, including Section 409A of the Code and the regulations and other guidance issued thereunder. Notwithstanding
anything herein to the contrary, in no event will any deferral of the delivery of Shares or any other payment with respect to any
Restricted Stock Unit be allowed if the Board determines that the deferral would result in the imposition of the additional tax
under Section 409A(a)(1)(B) of the Code.

13.             
Nontransferability of Awards. Awards granted under the Plan may not be sold, pledged, assigned,
hypothecated, transferred or disposed of in any manner other than by will or by the laws of descent or distribution or pursuant
to a domestic relations order. The designation of a beneficiary by an Award Recipient does not constitute a transfer. An Award
may be exercised during the lifetime of an Award Recipient only by the Award Recipient or a transferee permitted by this Section.
Notwithstanding anything herein or in any Award agreement to the contrary, Awards granted under the Plan may not be transferred
for consideration.

    	 	12 	 

     

    

14.             
Adjustments Upon Changes in Capitalization; Corporate Transactions.

(a)              
Adjustment. Subject to any required action by the stockholders of the Company, the number of Shares
covered by each outstanding Award, the number of Shares set forth in Sections 4(b)(i) and (ii) hereof, the number of Shares subject
to outstanding awards under the Plan and the number of Shares which have been authorized for issuance under the Plan but as to
which no Awards have yet been granted or which have been returned to the Plan, as well as the exercise price or Base Price per
Share of each outstanding Option or Stock Appreciation Right, shall be proportionately adjusted for any increase or decrease in
the number of issued Shares resulting from a stock split, reverse stock split, stock dividend, combination or reclassification
of the Common Stock (including any such change in the number of Shares effected in connection with a change in domicile of the
Company) or any other increase or decrease in the number of issued Shares effected without receipt of consideration by the Company;
provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected
without receipt of consideration.” Such adjustment shall be made by the Board, whose determination in that respect shall
be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class,
or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with
respect to, the number or price of Shares subject to an Award.

(b)              
Corporate Transactions; Change of Control. In the event of a Corporate Transaction, each outstanding
Award shall be (i) continued by the Company, (ii) assumed by the successor to the Company or a Parent or Subsidiary of the Company
or such successor, or (iii) an equivalent award shall be substituted by the successor or a Parent or Subsidiary of such successor
or the Company. In the event that the Company shall not continue each outstanding Award and the Company does not reach agreement
with any other entity to assume the outstanding Awards or to substitute equivalent awards, the Awards shall terminate upon the
consummation of the transaction; provided, however, that each Award Recipient shall have the right to exercise or redeem all of
his or her Options to purchase Shares or Stock Appreciation Rights, immediately prior to the consummation of the transaction, to
the extent that he or she was entitled to exercise such Awards immediately prior to the consummation of the transaction.

In addition, in the event of a Change of Control, each outstanding
Award shall be (i) continued by the Company, (ii) assumed by the successor to the Company or a Parent or Subsidiary of the Company
or such successor, or (iii) an equivalent award shall be substituted by the successor or a Parent or Subsidiary of the Company
or such successor. In the event that the Company shall not continue each outstanding Award and the Company does not reach agreement
with any other entity to assume the outstanding Awards or to substitute equivalent awards, the Awards shall terminate upon the
consummation of the transaction; provided, however, that each Award shall become 100% vested and each Award Recipient shall have
the right to exercise or redeem all of his or her Options and Stock Appreciation Rights in their entirety, in each case, immediately
prior to the consummation of the transaction.

Notwithstanding the provisions of the preceding
paragraph of this Section 14(b), in no event may an Option or Stock Appreciation Right be exercised or redeemed after its term
has expired. To the extent that an Outside Director does not exercise or redeem an Award (to the extent he or she was entitled
to exercise or redeem) within the time specified above, the Award shall terminate and the Shares underlying unexercised portion
of the Award shall revert to the Plan.

    	 	13 	 

     

    

For purposes of this Section 14(b), an
Award shall be considered assumed, if, at the time of issuance of the stock or other consideration upon such Corporate Transaction
or Change of Control, each Award Recipient would be entitled to receive upon vesting or exercise of an Award the same number and
kind of shares of stock or the same amount of property, cash or securities as the Award Recipient would have been entitled to receive
upon the occurrence of such transaction if the Award Recipient had been, immediately prior to such transaction, the holder of the
number of Shares covered by the Award at such time (after giving effect to any adjustments in the number of Shares covered by the
Award as provided for in this Section 14); provided, however, that if such consideration received in the transaction was not solely
common stock of the successor corporation or its Parent, the Board may, with the consent of the successor corporation, provide
for the consideration to be received upon vesting, exercise or redemption of the Award to be solely common stock of the successor
corporation or its Parent equal to the Fair Market Value of the per Share consideration received by holders of Common Stock in
the transaction.

(c)              
Certain Distributions. In the event of any distribution to the Company’s stockholders of securities
of any other entity or other assets (other than dividends payable in cash or stock of the Company) without receipt of consideration
by the Company, the Board may, in its discretion, appropriately adjust the exercise price or Base Price per Share of each outstanding
Option or Stock Appreciation Right to reflect the effect of such distribution.

15.             
Time of Granting Awards. The date of grant of an Award shall, for all purposes, be the date
determined in accordance with Section 4(b) hereof. Notice of the grant shall be given to each Outside Director to whom an Award
is so granted within a reasonable time after the date of such grant.

16.             
Amendment and Termination of the Plan.

(a)              
Amendment and Termination. The Board may amend or terminate the Plan from time to time in such respects
as the Board may deem advisable; provided that, to the extent necessary to comply with Applicable Laws (as defined in Section 17
hereof), the Company shall obtain approval of the stockholders of the Company to Plan amendments to the extent and in the manner
required by such Applicable Laws. The Board, in its discretion, may also submit to the stockholders of the Company for approval
such other amendments to the Plan as it shall determine to be desirable or appropriate. Except as provided in Section 14(a), the
Board may not reduce the exercise price of outstanding Options or Stock Appreciation Rights by amendment or cancellation and regrant
(of new Award or for cash) without obtaining stockholder approval.

(b)              
Effect of Amendment or Termination. Any such amendment or termination of the Plan that would impair
the rights of any Award Recipient shall not affect Awards already granted to such Award Recipient and such Awards shall remain
in full force and effect as if this Plan had not been amended or terminated, unless mutually agreed otherwise between the Award
Recipient and the Board, which agreement must be in writing and signed by the Award Recipient and the Company.

    	 	14 	 

     

    

17.             
Conditions Upon Issuance of Shares. Notwithstanding any other provision of the Plan or any
agreement entered into by the Company pursuant to the Plan, the Company shall not be obligated, and shall have no liability for
failure, to issue or deliver any Shares under the Plan unless such issuance or delivery would comply with the legal requirements
relating to the administration of stock option plans under applicable U.S. federal and state corporate laws, U.S. federal and
applicable state securities laws, the Code, any stock exchange or Nasdaq rules or regulations to which the Company may be subject
and the applicable laws of any other country or jurisdiction where Awards are granted under the Plan, as such laws, rules, regulations
and requirements shall be in place from time to time (the “Applicable Laws”). Such compliance shall be determined
by the Company in consultation with its legal counsel.

As a condition to the vesting, exercise
or redemption of an Award, the Company may require the Award Recipient to represent and warrant at the time of any such vesting,
exercise or redemption that the Shares are being acquired only for investment and without any present intention to sell or distribute
such Shares if, in the opinion of counsel for the Company, such a representation is required under Applicable Laws.

18.             
Reservation of Shares. The Company, during the term of this Plan, will at all times reserve
and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan.

19.             
Acceleration of Exercisability and Vesting. The Board shall have the power to accelerate the
time at which an Award may first be exercised or the time during which an Award or any part thereof will vest in accordance with
the Plan, notwithstanding the provisions in the Award stating the time at which it may first be exercised or the time during which
it will vest.

20.             
Award Agreement. Awards shall be evidenced by written award agreements in such form as the
Board shall approve.

21.             
Stockholder Approval. If required by the Applicable Laws, continuance of the Plan shall be
subject to approval by the stockholders of the Company. Such stockholder approval shall be obtained in the manner and to the degree
required under the Applicable Laws.

 

 

 

 

 

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