Document:

Exhibit
10.1

 

Alpha-En
Corporation Equity Plan

 

1.       Purpose;
Eligibility.

 

1.1       General
Purpose. The name of this plan is the alpha-En
Corporation 2016 Omnibus Equity Plan (the “Plan”). The purposes of the Plan are to (a) enable alpha-En Corporation,
a Delaware corporation (the “Company”), and any Affiliate to attract and retain the types of Employees, Consultants,
and Directors who will contribute to the Company’s long range success; (b) provide incentives that align the interests of
Employees, Consultants, and Directors with those of the shareholders of the Company; and (c) promote the success of the Company’s
business.

 

1.2       Eligible
Award Recipients. The persons eligible to
receive Awards are the Employees, Consultants, and Directors of the Company and its Affiliates and such other individuals designated
by the Committee who are reasonably expected to become Employees, Consultants, and Directors after the receipt of Awards.

 

1.3       Available
Awards. Awards that may be granted under
the Plan include: (a) Incentive Stock Options, (b) Non-qualified Stock Options, (c) Stock Appreciation Rights, and (d) Restricted
Awards.

 

2.       Definitions.

 

“Affiliate”
means a corporation or other entity that, directly or through one or more intermediaries, controls, is controlled by, or is under
common control with the Company.

 

“Applicable
Laws” means the requirements related to or implicated by the administration of the Plan under applicable state corporate
law, United States federal and state securities laws, the Code, any stock exchange or quotation system on which the shares of
Common Stock are listed or quoted, and the applicable laws of any foreign country or jurisdiction where Awards are granted under
the Plan.

 

“Award”
means any right granted under the Plan, including an Incentive Stock Option, a Non-qualified Stock Option, a Stock Appreciation
Right, or a Restricted Award.

 

“Award
Agreement” means a written agreement, contract, certificate or other instrument or document evidencing the terms and
conditions of an individual Award granted under the Plan which may, in the discretion of the Company, be transmitted electronically
to any Participant. Each Award Agreement shall be subject to the terms and conditions of the Plan.

 

“Beneficial
Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating
the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act),
such “person” shall be deemed to have beneficial ownership of all securities that such “person” has the
right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable
only after the passage of time. The terms “Beneficially Owns” and “Beneficially Owned” have a corresponding
meaning.

 

“Board”
means the Board of Directors of the Company, as constituted at any time.

 

“Cause”
means:

 

    	 	 	 

    	 

    

 

	 	With
                                         respect to any Employee or Consultant:

                                                          

        (a)
        If the Employee or Consultant is a party to an employment or service agreement with the Company or its Affiliates and
        such agreement provides for a definition of Cause, the definition contained therein; or

         

        (b)
        If no such agreement exists, or if such agreement does not define Cause: (i) the commission of, or plea of guilty or no
        contest to, a felony or a crime involving moral turpitude or the commission of any other act involving willful malfeasance
        or material fiduciary breach with respect to the Company or an Affiliate; (ii) conduct that results in or is reasonably
        likely to result in harm to the reputation or business of the Company or any of its Affiliates; (iii) gross negligence
        or willful misconduct with respect to the Company or an Affiliate; or (iv) material violation of state or federal securities
        laws.

 

	 	With
                                         respect to any Director, a determination by a majority of the disinterested Board members
                                         that the Director has engaged in any of the following:

                                                          

        (a)
        malfeasance in office;

         

        (b)
        gross misconduct or neglect;

         

        (c)
        false or fraudulent misrepresentation inducing the director’s appointment;

         

        (d)
        willful conversion of corporate funds; or

         

        (e)
        repeated failure to participate in Board meetings on a regular basis despite having received proper notice of the meetings
        in advance.

 

The
Committee, in its absolute discretion, shall determine the effect of all matters and questions relating to whether a Participant
has been discharged for Cause.

 

“Change
in Control”

 

	 	(a) The direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its subsidiaries, taken as a whole, to any Person that is not a subsidiary of the Company; 
	 	 
	 	(b) The Incumbent Directors cease for any reason to constitute at least a majority of the Board; 
	 	 
	 	(c) The date which is 10 business days prior to the consummation of a complete liquidation or dissolution of the Company; 
	 	 
	 	(d) The acquisition by any Person of Beneficial Ownership of 50% or more (on a fully diluted basis) of either (i) the then outstanding shares of Common Stock of the Company, taking into account as outstanding for this purpose such Common Stock issuable upon the exercise of options or warrants, the conversion of convertible stock or debt, and the exercise of any similar right to acquire such Common Stock (the “Outstanding Company Common Stock”) or (ii) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this Plan, the following acquisitions shall not constitute a Change in Control: (A) any acquisition by the Company or any Affiliate, (B) any acquisition by any employee benefit plan sponsored or maintained by the Company or any subsidiary, (C) any acquisition which complies with clauses, (i), (ii) and (iii) of subsection (e) of this definition or (D) in respect of an Award held by a particular Participant, any acquisition by the Participant or any group of persons including the Participant (or any entity controlled by the Participant or any group of persons including the Participant); or 

 

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 	(e) The consummation of a reorganization, merger, consolidation, statutory share exchange or similar form of corporate transaction involving the Company that requires the approval of the Company’s shareholders, whether for such transaction or the issuance of securities in the transaction (a “Business Combination”), unless immediately following such Business Combination: (i) more than 50% of the total voting power of (A) the entity resulting from such Business Combination (the “Surviving Company”), or (B) if applicable, the ultimate parent entity that directly or indirectly has beneficial ownership of sufficient voting securities eligible to elect a majority of the members of the board of directors (or the analogous governing body) of the Surviving Company (the “Parent Company”), is represented by the Outstanding Company Voting Securities that were outstanding immediately prior to such Business Combination (or, if applicable, is represented by shares into which the Outstanding Company Voting Securities were converted pursuant to such Business Combination), and such voting power among the holders thereof is in substantially the same proportion as the voting power of the Outstanding Company Voting Securities among the holders thereof immediately prior to the Business Combination; (ii) no Person (other than any employee benefit plan sponsored or maintained by the Surviving Company or the Parent Company) is or becomes the Beneficial Owner, directly or indirectly, of 50% or more of the total voting power of the outstanding voting securities eligible to elect members of the board of directors of the Parent Company (or the analogous governing body) (or, if there is no Parent Company, the Surviving Company); and (iii) at least a majority of the members of the board of directors (or the analogous governing body) of the Parent Company (or, if there is no Parent Company, the Surviving Company) following the consummation of the Business Combination were Board members at the time of the Board’s approval of the execution of the initial agreement providing for such Business Combination. 

 

“Code”
means the Internal Revenue Code of 1986, as it may be amended from time to time. Any reference to a section of the Code shall
be deemed to include a reference to any regulations promulgated thereunder.

 

“Committee”
means a committee of one or more members of the Board appointed by the Board to administer the Plan in accordance with Section
3.3 and Section 3.4.

 

“Common
Stock” means the common stock, $0.01 par value per share, of the Company, or such other securities of the Company as
may be designated by the Committee from time to time in substitution thereof.

 

“Company”
means alpha-En Corporation, a Delaware corporation, and any successor thereto.

 

“Consultant”
means any individual who is engaged by the Company or any Affiliate to render consulting or advisory services.

 

“Continuous
Service” means that the Participant’s service with the Company or an Affiliate, whether as an Employee, Consultant
or Director, is not interrupted or terminated. The Participant’s Continuous Service shall not be deemed to have terminated
merely because of a change in the capacity in which the Participant renders service to the Company or an Affiliate as an Employee,
Consultant or Director or a change in the entity for which the Participant renders such service, provided that there is
no interruption or termination of the Participant’s Continuous Service; provided further that if any Award is subject
to Section 409A of the Code, this sentence shall only be given effect to the extent consistent with Section 409A of the Code.
For example, a change in status from an Employee of the Company to a Director of an Affiliate will not constitute an interruption
of Continuous Service. The Committee or its delegate, in its sole discretion, may determine whether Continuous Service shall be
considered interrupted in the case of any leave of absence approved by that party, including sick leave, military leave or any
other personal or family leave of absence.

 

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“Covered
Employee” has the same meaning as set forth in Section 162(m)(3) of the Code, as interpreted by IRS Notice 2007-49.

 

“Deferred
Stock Units (DSUs)” has the meaning set forth in Section 7.2 hereof.

 

“Director”
means a member of the Board.

 

“Disability”
means that the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical
or mental impairment; provided, however, for purposes of determining the term of an Incentive Stock Option pursuant to
Section 6.10 hereof, the term Disability shall have the meaning ascribed to it under Section 22(e)(3) of the Code. The
determination of whether an individual has a Disability shall be determined under procedures established by the Committee. Except
in situations where the Committee is determining Disability for purposes of the term of an Incentive Stock Option pursuant to
Section 6.10 hereof within the meaning of Section 22(e)(3) of the Code, the Committee may rely on any determination that
a Participant is disabled for purposes of benefits under any long-term disability plan maintained by the Company or any Affiliate
in which a Participant participates.

 

“Disqualifying
Disposition” has the meaning set forth in Section 14.12.

 

“Effective
Date” shall mean the date as of which this Plan is adopted by the Board.

 

“Employee”
means any person, including an Officer or Director, employed by the Company or an Affiliate; provided, that, for purposes
of determining eligibility to receive Incentive Stock Options, an Employee shall mean an employee of the Company or a parent or
subsidiary corporation within the meaning of Section 424 of the Code. Mere service as a Director or payment of a director’s
fee by the Company or an Affiliate shall not be sufficient to constitute “employment” by the Company or an Affiliate.

 

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

 

“Fair
Market Value” means, as of any date, the value of the Common Stock as determined below. If the Common Stock is listed
on any established stock exchange or a national market system, including without limitation, the New York Stock Exchange or the
NASDAQ Stock Market, the Fair Market Value shall be the closing price of a share of Common Stock (or if no sales were reported
the closing price on the date immediately preceding such date) as quoted on such exchange or system on the day of determination,
as reported in the Wall Street Journal. In the absence of an established market for the Common Stock, the Fair Market Value
shall be determined in good faith by the Committee and such determination shall be conclusive and binding on all persons.

 

“Free
Standing Rights” has the meaning set forth in Section 7.1(a).

 

“Good
Reason” means:

 

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	 	(a)
                                         If an Employee or Consultant is a party to an employment or service agreement with the
                                         Company or its Affiliates and such agreement provides for a definition of Good Reason,
                                         the definition contained therein; or

                                                          

        (b)
        If no such agreement exists or if such agreement does not define Good Reason, the occurrence of one or more of the following
        without the Participant’s express written consent, which circumstances are not remedied by the Company within thirty
        (30) days of its receipt of a written notice from the Participant describing the applicable circumstances (which notice
        must be provided by the Participant within ninety (90) days of the Participant’s knowledge of the applicable circumstances):
        (i) any material, adverse change in the Participant’s duties, responsibilities, authority, title, status or reporting
        structure; (ii) a material reduction in the Participant’s base salary or bonus opportunity; or (iii) a geographical
        relocation of the Participant’s principal office location by more than fifty (50) miles.

 

“Grant
Date” means the date on which the Committee adopts a resolution, or takes other appropriate action, expressly granting
an Award to a Participant that specifies the key terms and conditions of the Award or, if a later date is set forth in such resolution,
then such date as is set forth in such resolution.

 

“Incentive
Stock Option” means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of
the Code.

 

“Incumbent
Directors” means individuals who, on the Effective Date, constitute the Board, provided that any individual becoming
a Director subsequent to the Effective Date whose election or nomination for election to the Board was approved by a vote of at
least two-thirds of the Incumbent Directors then on the Board (either by a specific vote or by approval of the proxy statement
of the Company in which such person is named as a nominee for Director without objection to such nomination) shall be an Incumbent
Director. No individual initially elected or nominated as a director of the Company as a result of an actual or threatened election
contest with respect to Directors or as a result of any other actual or threatened solicitation of proxies by or on behalf of
any person other than the Board shall be an Incumbent Director.

 

“Non-Employee
Director” means a Director who is a “non-employee director” within the meaning of Rule 16b-3.

 

“Non-qualified
Stock Option” means an Option that by its terms does not qualify or is not intended to qualify as an Incentive Stock
Option.

 

“Officer”
means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations
promulgated thereunder.

 

“Option”
means an Incentive Stock Option or a Non-qualified Stock Option granted pursuant to the Plan.

 

“Optionholder”
means a person to whom an Option is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding
Option.

 

“Option
Exercise Price” means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

 

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“Outside
Director” means a Director who is an “outside director” within the meaning of Section 162(m) of the Code
and Treasury Regulations Section 1.162-27(e)(3) or any successor to such statute and regulation.

 

“Participant”
means an eligible person to whom an Award is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding
Award.

 

“Permitted
Transferee” means: (a) a member of the Optionholder’s immediate family (child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law,
brother-in-law, or sister-in-law, including adoptive relationships), any person sharing the Optionholder’s household (other
than a tenant or employee), a trust in which these persons have more than 50% of the beneficial interest, a foundation in which
these persons (or the Optionholder) control the management of assets, and any other entity in which these persons (or the Optionholder)
own more than 50% of the voting interests; (b) third parties designated by the Committee in connection with a program established
and approved by the Committee pursuant to which Participants may receive a cash payment or other consideration in consideration
for the transfer of a Non-qualified Stock Option; and (c) such other transferees as may be permitted by the Committee in its sole
discretion.

 

“Plan”
means this alpha-En Corporation 2016 Omnibus Equity Plan, as amended and/or amended and restated from time to time.

 

“Related
Rights” has the meaning set forth in Section 7.1(a).

 

“Restricted
Award” means any Award granted pursuant to Section 7.2(a).

 

“Restricted
Period” has the meaning set forth in Section 7.2(a).

 

“Rule
16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor to Rule 16b-3, as in effect from time to
time.

 

“Securities
Act” means the Securities Act of 1933, as amended.

 

“Stock
Appreciation Right” means the right pursuant to an Award granted under Section 7.1 to receive, upon exercise,
an amount payable in cash or shares equal to the number of shares subject to the Stock Appreciation Right that is being exercised
multiplied by the excess of (a) the Fair Market Value of a share of Common Stock on the date the Award is exercised, over (b)
the exercise price specified in the Stock Appreciation Right Award Agreement.

 

“Stock
for Stock Exchange” has the meaning set forth in Section 6.4.

 

“Ten
Percent Shareholder” means a person who owns (or is deemed to own pursuant to Section 424(d) of the Code) stock possessing
more than 10% of the total combined voting power of all classes of stock of the Company or of any of its Affiliates.

 

3.       Administration.

 

3.1       Authority
of Committee. The Plan shall be administered
by the Committee or, in the Board’s sole discretion, by the Board. Subject to the terms of the Plan, the Committee’s
charter and Applicable Laws, and in addition to other express powers and authorization conferred by the Plan, the Committee shall
have the authority:

 

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(a)       to
construe and interpret the Plan and apply its provisions;

 

(b)       to
promulgate, amend, and rescind rules and regulations relating to the administration of the Plan;

 

(c)       to
authorize any person to execute, on behalf of the Company, any instrument required to carry out the purposes of the Plan;

 

(d)       to
delegate its authority to one or more Officers of the Company with respect to Awards that do not involve Covered Employees or
“insiders” within the meaning of Section 16 of the Exchange Act;

 

(e)       to
determine when Awards are to be granted under the Plan and the applicable Grant Date;

 

(f)       from
time to time to select, subject to the limitations set forth in this Plan, those Participants to whom Awards shall be granted;

 

(g)       to
determine the number of shares of Common Stock to be made subject to each Award;

 

(h)       to
determine whether each Option is to be an Incentive Stock Option or a Non-qualified Stock Option;

 

(i)       to
prescribe the terms and conditions of each Award, including, without limitation, the exercise price and medium of payment and
vesting provisions, and to specify the provisions of the Award Agreement relating to such grant;

 

(j)       to
amend any outstanding Awards, including for the purpose of modifying the time or manner of vesting, or the term of any outstanding
Award; provided, however, that if any such amendment impairs a Participant’s rights or increases a Participant’s
obligations under his or her Award or creates or increases a Participant’s federal income tax liability with respect to
an Award, such amendment shall also be subject to the Participant’s consent;

 

(k)       to
determine the duration and purpose of leaves of absences which may be granted to a Participant without constituting termination
of their employment for purposes of the Plan, which periods shall be no shorter than the periods generally applicable to Employees
under the Company’s employment policies;

 

(l)       to
make decisions with respect to outstanding Awards that may become necessary upon a change in corporate control or an event that
triggers anti-dilution adjustments;

 

(m)       to
interpret, administer, reconcile any inconsistency in, correct any defect in and/or supply any omission in the Plan and any instrument
or agreement relating to, or Award granted under, the Plan; and

 

(n)       to
exercise discretion to make any and all other determinations which it determines to be necessary or advisable for the administration
of the Plan.

 

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The
Committee also may modify the purchase price or the exercise price of any outstanding Award, provided that if the modification
effects a repricing, shareholder approval shall be required before the repricing is effective.

3.2       Committee
Decisions Final. All decisions made by the
Committee pursuant to the provisions of the Plan shall be final and binding on the Company and the Participants, unless such decisions
are determined by a court having jurisdiction to be arbitrary and capricious.

 

3.3       Delegation.
The Committee or, if no Committee has been appointed, the Board may delegate administration of the Plan to a committee or committees
of one or more members of the Board, and the term “Committee” shall apply to any person or persons to whom
such authority has been delegated, or, in the absence of any delegation, the Board itself. The Committee shall have the power
to delegate to a subcommittee any of the administrative powers the Committee is authorized to exercise (and references in this
Plan to the Board or the Committee shall thereafter be to the committee or subcommittee), subject, however, to such resolutions,
not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. The Board may abolish the
Committee at any time and revest in the Board the administration of the Plan. The members of the Committee shall be appointed
by and serve at the pleasure of the Board. From time to time, the Board may increase or decrease the size of the Committee, add
additional members to, remove members (with or without cause) from, appoint new members in substitution therefor, and fill vacancies,
however caused, in the Committee. The Committee shall act pursuant to a vote of the majority of its members or, in the case of
a Committee comprised of only two members, the unanimous consent of its members, whether present or not, or by the written consent
of the majority of its members and minutes shall be kept of all of its meetings and copies thereof shall be provided to the Board.
Subject to the limitations prescribed by the Plan and the Board, the Committee may establish and follow such rules and regulations
for the conduct of its business as it may determine to be advisable.

 

3.4       Committee
Composition. Except as otherwise determined
by the Board, the Committee shall consist solely of two or more Non-Employee Directors who are also Outside Directors. In the
absence of a Committee, the Board shall serve as the Committee under the Plan. The Board shall have discretion to determine whether
or not it intends to comply with the exemption requirements of Rule 16b-3 and/or Section 162(m) of the Code. However, if the Board
intends to satisfy such exemption requirements, with respect to Awards to any Covered Employee and with respect to any insider
subject to Section 16 of the Exchange Act, the Committee shall be a compensation committee of the Board that at all times consists
solely of two or more Non-Employee Directors who are also Outside Directors. Within the scope of such authority, the Board or
the Committee may (a) delegate to a committee of one or more members of the Board who are not Outside Directors the authority
to grant Awards to eligible persons who are either (i) not then Covered Employees and are not expected to be Covered Employees
at the time of recognition of income resulting from such Award or (ii) not persons with respect to whom the Company wishes to
comply with Section 162(m) of the Code or (b) delegate to a committee of one or more members of the Board who are not Non-Employee
Directors the authority to grant Awards to eligible persons who are not then subject to Section 16 of the Exchange Act. Nothing
herein shall create an inference that an Award is not validly granted under the Plan in the event Awards are granted under the
Plan by a compensation committee of the Board that does not at all times consist solely of two or more Non-Employee Directors
who are also Outside Directors.

 

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3.5       Indemnification.
In addition to such other rights of indemnification as they may have as Directors or members of the Committee, and to the extent
allowed by Applicable Laws, the Committee shall be indemnified by the Company against the reasonable expenses, including attorney’s
fees, actually incurred in connection with any action, suit or proceeding or in connection with any appeal therein, to which the
Committee may be party by reason of any action taken or failure to act under or in connection with the Plan or any Award granted
under the Plan, and against all amounts paid by the Committee in settlement thereof (provided, however, that the settlement
has been approved by the Company, which approval shall not be unreasonably withheld) or paid by the Committee in satisfaction
of a judgment in any such action, suit or proceeding, except in relation to matters as to which it shall be adjudged in such action,
suit or proceeding that such Committee did not act in good faith and in a manner which such person reasonably believed to be in
the best interests of the Company, or in the case of a criminal proceeding, had no reason to believe that the conduct complained
of was unlawful; provided, however, that within 60 days after institution of any such action, suit or proceeding, such
Committee shall, in writing, offer the Company the opportunity at its own expense to handle and defend such action, suit or proceeding.

 

4.       Shares
Subject to the Plan.

 

4.1       Subject
to adjustment in accordance with Section 11, a total of 8,870,000 shares of Common Stock shall be available for the grant
of Awards under the Plan. During the terms of the Awards, the Company shall keep available at all times the number of shares of
Common Stock required to satisfy such Awards.

 

4.2       Shares
of Common Stock available for distribution under the Plan may consist, in whole or in part, of authorized and unissued shares,
treasury shares or shares reacquired by the Company in any manner.

 

4.3       Any
shares of Common Stock subject to an Award that is canceled, forfeited or expires prior to exercise or realization, either in
full or in part, shall again become available for issuance under the Plan. Notwithstanding anything to the contrary contained
herein: shares subject to an Award under the Plan shall not again be made available for issuance or delivery under the Plan if
such shares are (a) shares tendered in payment of an Option, (b) shares delivered or withheld by the Company to satisfy any tax
withholding obligation, or (c) shares covered by a stock-settled Stock Appreciation Right or other Awards that were not issued
upon the settlement of the Award.

 

5.       Eligibility.

 

5.1       Eligibility
for Specific Awards. Incentive Stock Options
may be granted only to Employees. Awards other than Incentive Stock Options may be granted to Employees, Consultants and Directors
and those individuals whom the Committee determines are reasonably expected to become Employees, Consultants and Directors following
the Grant Date.

 

5.2       Ten
Percent Shareholders. A Ten Percent Shareholder
shall not be granted an Incentive Stock Option unless the Option Exercise Price is at least 110% of the Fair Market Value of the
Common Stock at the Grant Date and the Option is not exercisable after the expiration of five years from the Grant Date.

 

6.       Option
Provisions. Each Option granted under the
Plan shall be evidenced by an Award Agreement. Each Option so granted shall be subject to the conditions set forth in this Section
6, and to such other conditions not inconsistent with the Plan as may be reflected in the applicable Award Agreement. All Options
shall be separately designated Incentive Stock Options or Non-qualified Stock Options at the time of grant, and, if certificates
are issued, a separate certificate or certificates will be issued for shares of Common Stock purchased on exercise of each type
of Option. Notwithstanding the foregoing, the Company shall have no liability to any Participant or any other person if an Option
designated as an Incentive Stock Option fails to qualify as such at any time or if an Option is determined to constitute “nonqualified
deferred compensation” within the meaning of Section 409A of the Code and the terms of such Option do not satisfy the requirements
of Section 409A of the Code. The provisions of separate Options need not be identical, but each Option shall include (through
incorporation of provisions hereof by reference in the Option or otherwise) the substance of each of the following provisions:

 

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6.1       Term.
Subject to the provisions of Section 5.2 regarding Ten Percent Shareholders, no Incentive Stock Option shall be exercisable
after the expiration of 10 years from the Grant Date. The term of a Non-qualified Stock Option granted under the Plan shall be
determined by the Committee; provided, however, no Non-qualified Stock Option shall be exercisable after the expiration
of 10 years from the Grant Date.

 

6.2       Exercise
Price of an Incentive Stock Option. Subject
to the provisions of Section 5.2 regarding Ten Percent Shareholders, the Option Exercise Price of each Incentive Stock
Option shall be not less than 100% of the Fair Market Value of the Common Stock subject to the Option on the Grant Date. Notwithstanding
the foregoing, an Incentive Stock Option may be granted with an Option Exercise Price lower than that set forth in the preceding
sentence if such Option is granted pursuant to an assumption or substitution for another option in a manner satisfying the provisions
of Section 424(a) of the Code.

 

6.3       Exercise
Price of a Non-qualified Stock Option. The
Option Exercise Price of each Non-qualified Stock Option shall be not less than 100% of the Fair Market Value of the Common Stock
subject to the Option on the Grant Date. Notwithstanding the foregoing, a Non-qualified Stock Option may be granted with an Option
Exercise Price lower than that set forth in the preceding sentence if such Option is granted pursuant to an assumption or substitution
for another option in a manner satisfying the provisions of Section 409A of the Code.

 

6.4       Consideration.
The Option Exercise Price of Common Stock acquired pursuant to an Option shall be paid, to the extent permitted by applicable
statutes and regulations, either (a) in cash or by certified or bank check at the time the Option is exercised or (b) in the discretion
of the Committee, upon such terms as the Committee shall approve, the Option Exercise Price may be paid: (i) by delivery to the
Company of other Common Stock, duly endorsed for transfer to the Company, with a Fair Market Value on the date of delivery equal
to the Option Exercise Price (or portion thereof) due for the number of shares being acquired, or by means of attestation whereby
the Participant identifies for delivery specific shares of Common Stock that have an aggregate Fair Market Value on the date of
attestation equal to the Option Exercise Price (or portion thereof) and receives a number of shares of Common Stock equal to the
difference between the number of shares thereby purchased and the number of identified attestation shares of Common Stock (a “Stock
for Stock Exchange”); (ii) a “cashless” exercise program established with a broker; (iii) by reduction in
the number of shares of Common Stock otherwise deliverable upon exercise of such Option with a Fair Market Value equal to the
aggregate Option Exercise Price at the time of exercise; (iv) any combination of the foregoing methods; or (v) in any other form
of legal consideration that may be acceptable to the Committee. Unless otherwise specifically provided in the Option, the exercise
price of Common Stock acquired pursuant to an Option that is paid by delivery (or attestation) to the Company of other Common
Stock acquired, directly or indirectly from the Company, shall be paid only by shares of the Common Stock of the Company that
have been held for more than six months (or such longer or shorter period of time required to avoid a charge to earnings for financial
accounting purposes). Notwithstanding the foregoing, during any period for which the Common Stock is publicly traded (i.e., the
Common Stock is listed on any established stock exchange or a national market system) an exercise by a Director or Officer that
involves or may involve a direct or indirect extension of credit or arrangement of an extension of credit by the Company, directly
or indirectly, in violation of Section 402(a) of the Sarbanes-Oxley Act of 2002 shall be prohibited with respect to any Award
under this Plan.

 

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6.5       Transferability
of an Incentive Stock Option. An Incentive
Stock Option shall not be transferable except by will or by the laws of descent and distribution and shall be exercisable during
the lifetime of the Optionholder only by the Optionholder. Notwithstanding the foregoing, the Optionholder may, by delivering
written notice to the Company, in a form satisfactory to the Company, designate a third party who, in the event of the death of
the Optionholder, shall thereafter be entitled to exercise the Option.

 

6.6       Transferability
of a Non-qualified Stock Option. A Non-qualified
Stock Option may, in the sole discretion of the Committee, be transferable to a Permitted Transferee, upon written approval by
the Committee to the extent provided in the Award Agreement. If the Non-qualified Stock Option does not provide for transferability,
then the Non-qualified Stock Option shall not be transferable except by will or by the laws of descent and distribution and shall
be exercisable during the lifetime of the Optionholder only by the Optionholder. Notwithstanding the foregoing, the Optionholder
may, by delivering written notice to the Company, in a form satisfactory to the Company, designate a third party who, in the event
of the death of the Optionholder, shall thereafter be entitled to exercise the Option.

 

6.7       Vesting
of Options. Each Option may, but need not, vest and therefore become exercisable in periodic installments that may,
but need not, be equal. The Option may be subject to such other terms and conditions on the time or times when it may be exercised
(which may be based on performance or other criteria) as the Committee may deem appropriate. The vesting provisions of individual
Options may vary, but unless otherwise specified in any individual Award Agreement, an Option will vest at the rate of twenty
percent (20%) on each anniversary of the Grant Date over five (5) years, such that on the fifth anniversary of the Grant Date,
the Option shall be 100% vested and exercisable.

 

No
Option may be exercised for a fraction of a share of Common Stock. The Committee may, but shall not be required to, provide for
an acceleration of vesting and exercisability in the terms of any Award Agreement upon the occurrence of a specified event.

 

6.8       Termination
of Continuous Service. Unless otherwise provided
in an Award Agreement or in an employment agreement the terms of which have been approved by the Committee, in the event an Optionholder’s
Continuous Service terminates (other than upon the Optionholder’s death or Disability), the Optionholder may exercise his
or her Option (to the extent that the Optionholder was entitled to exercise such Option as of the date of termination) but only
within such period of time ending on the earlier of (a) the date three months following the termination of the Optionholder’s
Continuous Service or (b) the expiration of the term of the Option as set forth in the Award Agreement; provided that,
if the termination of Continuous Service is by the Company for Cause, all outstanding Options (whether or not vested) shall immediately
terminate and cease to be exercisable. If, after termination, the Optionholder does not exercise his or her Option within the
time specified in the Award Agreement, the Option shall terminate.

 

6.9       Extension
of Termination Date. An Optionholder’s
Award Agreement may also provide that if the exercise of the Option following the termination of the Optionholder’s Continuous
Service for any reason would be prohibited at any time because the issuance of shares of Common Stock would violate the registration
requirements under the Securities Act or any other state or federal securities law or the rules of any securities exchange or
interdealer quotation system, then the Option shall terminate on the earlier of (a) the expiration of the term of the Option in
accordance with Section 6.1 or (b) the expiration of a period after termination of the Participant’s Continuous Service
that is three months after the end of the period during which the exercise of the Option would be in violation of such registration
or other securities law requirements.

 

    	 	11 	 

    	 

    

 

6.10       Disability
of Optionholder. Unless otherwise provided
in an Award Agreement, in the event that an Optionholder’s Continuous Service terminates as a result of the Optionholder’s
Disability, the Optionholder may exercise his or her Option (to the extent that the Optionholder was entitled to exercise such
Option as of the date of termination), but only within such period of time ending on the earlier of (a) the date 12 months following
such termination or (b) the expiration of the term of the Option as set forth in the Award Agreement. If, after termination, the
Optionholder does not exercise his or her Option within the time specified herein or in the Award Agreement, the Option shall
terminate.

 

6.11       Death
of Optionholder. Unless otherwise provided
in an Award Agreement, in the event an Optionholder’s Continuous Service terminates as a result of the Optionholder’s
death, then the Option may be exercised (to the extent the Optionholder was entitled to exercise such Option as of the date of
death) by the Optionholder’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance
or by a person designated to exercise the Option upon the Optionholder’s death, but only within the period ending on the
earlier of (a) the date 12 months following the date of death or (b) the expiration of the term of such Option as set forth in
the Award Agreement. If, after the Optionholder’s death, the Option is not exercised within the time specified herein or
in the Award Agreement, the Option shall terminate.

 

6.12       Incentive
Stock Option $100,000 Limitation. To the
extent that the aggregate Fair Market Value (determined at the time of grant) of Common Stock with respect to which Incentive
Stock Options are exercisable for the first time by any Optionholder during any calendar year (under all plans of the Company
and its Affiliates) exceeds $100,000, the Options or portions thereof which exceed such limit (according to the order in which
they were granted) shall be treated as Non-qualified Stock Options.

 

7.       Provisions
of Awards Other Than Options.

 

7.1       Stock
Appreciation Rights.

 

(a)       General

 

Each
Stock Appreciation Right granted under the Plan shall be evidenced by an Award Agreement. Each Stock Appreciation Right so granted
shall be subject to the conditions set forth in this Section 7.1, and to such other conditions not inconsistent with the Plan
as may be reflected in the applicable Award Agreement. Stock Appreciation Rights may be granted alone (“Free Standing
Rights”) or in tandem with an Option granted under the Plan (“Related Rights”).

 

(b)       Grant
Requirements

 

Any
Related Right that relates to a Non-qualified Stock Option may be granted at the same time the Option is granted or at any time
thereafter but before the exercise or expiration of the Option. Any Related Right that relates to an Incentive Stock Option must
be granted at the same time the Incentive Stock Option is granted.

 

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(c)       Term
of Stock Appreciation Rights

 

The
term of a Stock Appreciation Right granted under the Plan shall be determined by the Committee; provided, however, no Stock
Appreciation Right shall be exercisable later than the tenth anniversary of the Grant Date.

 

(d)       Vesting
of Stock Appreciation Rights

 

Each
Stock Appreciation Right may, but need not, vest and therefore become exercisable in periodic installments that may, but need
not, be equal. The Stock Appreciation Right may be subject to such other terms and conditions on the time or times when it may
be exercised as the Committee may deem appropriate. The vesting provisions of individual Stock Appreciation Rights may vary, but
unless otherwise specified in an individual Award Agreement, a Stock Appreciation Right will vest at the rate of twenty percent
(20%) on each anniversary of the Grant Date over five (5) years, such that on the fifth anniversary of the Grant Date, the Stock
Appreciation Right shall be 100% vested and exercisable. No Stock Appreciation Right may be exercised for a fraction of a share
of Common Stock. The Committee may, but shall not be required to, provide for an acceleration of vesting and exercisability in
the terms of any Stock Appreciation Right upon the occurrence of a specified event.

 

(e)       Exercise
and Payment

 

Upon
exercise of a Stock Appreciation Right, the holder shall be entitled to receive from the Company an amount equal to the number
of shares of Common Stock subject to the Stock Appreciation Right that is being exercised multiplied by the excess of (i) the
Fair Market Value of a share of Common Stock on the date the Award is exercised, over (ii) the exercise price specified in the
Stock Appreciation Right or related Option. Payment with respect to the exercise of a Stock Appreciation Right shall be made on
the date of exercise. Payment shall be made in the form of shares of Common Stock (with or without restrictions as to substantial
risk of forfeiture and transferability, as determined by the Committee in its sole discretion), cash or a combination thereof,
as determined by the Committee.

 

(f)       Exercise
Price

 

The
exercise price of a Free Standing Stock Appreciation Right shall be determined by the Committee, but shall not be less than 100%
of the Fair Market Value of one share of Common Stock on the Grant Date of such Stock Appreciation Right. A Related Right granted
simultaneously with or subsequent to the grant of an Option and in conjunction therewith or in the alternative thereto shall have
the same exercise price as the related Option, shall be transferable only upon the same terms and conditions as the related Option,
and shall be exercisable only to the same extent as the related Option; provided, however, that a Stock Appreciation Right,
by its terms, shall be exercisable only when the Fair Market Value per share of Common Stock subject to the Stock Appreciation
Right and related Option exceeds the exercise price per share thereof and no Stock Appreciation Rights may be granted in tandem
with an Option unless the Committee determines that the requirements of Section 7.1(b) are satisfied.

 

(g)       Reduction
in the Underlying Option Shares

 

Upon
any exercise of a Related Right, the number of shares of Common Stock for which any related Option shall be exercisable shall
be reduced by the number of shares for which the Stock Appreciation Right has been exercised. The number of shares of Common Stock
for which a Related Right shall be exercisable shall be reduced upon any exercise of any related Option by the number of shares
of Common Stock for which such Option has been exercised.

 

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7.2       Restricted
Awards.

 

(a)       General

 

A
Restricted Award is an Award of actual shares of Common Stock (“Restricted Stock”) or hypothetical Common Stock
units (“Restricted Stock Units”) having a value equal to the Fair Market Value of an identical number of shares
of Common Stock, which may, but need not, provide that such Restricted Award may not be sold, assigned, transferred or otherwise
disposed of, pledged or hypothecated as collateral for a loan or as security for the performance of any obligation or for any
other purpose for such period (the “Restricted Period”) as the Committee shall determine. Each Restricted Award
granted under the Plan shall be evidenced by an Award Agreement. Each Restricted Award so granted shall be subject to the conditions
set forth in this Section 7.2, and to such other conditions not inconsistent with the Plan as may be reflected in the applicable
Award Agreement.

 

(b)       Restricted
Stock and Restricted Stock Units

 

(i)       Each
Participant granted Restricted Stock shall execute and deliver to the Company an Award Agreement with respect to the Restricted
Stock setting forth the restrictions and other terms and conditions applicable to such Restricted Stock. If the Committee determines
that the Restricted Stock shall be held by the Company or in escrow rather than delivered to the Participant pending the release
of the applicable restrictions, the Committee may require the Participant to additionally execute and deliver to the Company (A)
an escrow agreement satisfactory to the Committee, if applicable and (B) the appropriate blank stock power with respect to the
Restricted Stock covered by such agreement. If a Participant fails to execute an agreement evidencing an Award of Restricted Stock
and, if applicable, an escrow agreement and stock power, the Award shall be null and void. Except as otherwise provided in an
Award Agreement, the Participant shall not have the rights and privileges of a shareholder as to such Restricted Stock during
the Restricted Period, such as the right to vote such Restricted Stock and the right to receive dividends.

 

(ii)       The
terms and conditions of a grant of Restricted Stock Units shall be reflected in an Award Agreement. No shares of Common Stock
shall be issued at the time a Restricted Stock Unit is granted, and the Company will not be required to set aside a fund for the
payment of any such Award. A Participant shall have no voting rights with respect to any Restricted Stock Units granted hereunder.
The Committee may also grant Restricted Stock Units with a deferral feature, whereby settlement is deferred beyond the vesting
date until the occurrence of a future payment date or event set forth in an Award Agreement (“Deferred Stock Units”).

 

(c)       Restrictions

 

(i)       Restricted
Stock awarded to a Participant shall be subject to the following restrictions until the expiration of the Restricted Period, and
to such other terms and conditions as may be set forth in the applicable Award Agreement: (A) if an escrow arrangement is used,
the Participant shall not be entitled to delivery of the stock certificate; (B) the shares shall be subject to the restrictions
on transferability set forth in the Award Agreement; (C) the shares shall be subject to forfeiture to the extent provided in the
applicable Award Agreement; and (D) to the extent such shares are forfeited, the stock certificates shall be returned to the Company,
and all rights of the Participant to such shares and as a shareholder with respect to such shares shall terminate without further
obligation on the part of the Company.

 

    	 	14 	 

    	 

    

 

(ii)       Restricted
Stock Units and Deferred Stock Units awarded to any Participant shall be subject to (A) forfeiture until the expiration of the
Restricted Period to the extent provided in the applicable Award Agreement, and to the extent such Restricted Stock Units or Deferred
Stock Units are forfeited, all rights of the Participant to such Restricted Stock Units or Deferred Stock Units shall terminate
without further obligation on the part of the Company and (B) such other terms and conditions as may be set forth in the applicable
Award Agreement.

 

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

 

(d)       Restricted
Period

 

Except
as otherwise specified in an individual Award Agreement, a Restricted Award will vest at the rate of twenty percent (20%) on each
anniversary of the Grant Date over five (5) years, such that on the fifth anniversary of the Grant Date, the Restricted Award
shall be 100% vested.

 

No
Restricted Award may be granted or settled for a fraction of a share of Common Stock. The Committee may, but shall not be required
to, provide for an acceleration of vesting in the terms of any Award Agreement upon the occurrence of a specified event.

 

(e)       Delivery
of Restricted Stock and Settlement of Restricted Stock Units

 

Upon
the expiration of the Restricted Period with respect to any shares of Restricted Stock, the restrictions set forth in Section
7.2(c) and the applicable Award Agreement shall be of no further force or effect with respect to such shares, except as set
forth in the applicable Award Agreement. If an escrow arrangement is used, upon such expiration, the Company shall deliver to
the Participant, or his or her beneficiary, without charge, the stock certificate evidencing the shares of Restricted Stock which
have not then been forfeited and with respect to which the Restricted Period has expired (to the nearest full share) and any cash
dividends or stock dividends credited to the Participant’s account with respect to such Restricted Stock and the interest
thereon, if any. Upon the expiration of the Restricted Period with respect to any outstanding Restricted Stock Units, or at the
expiration of the deferral period with respect to any outstanding Deferred Stock Units, the Company shall deliver to the Participant,
or his or her beneficiary, without charge, one share of Common Stock for each such outstanding vested Restricted Stock Unit or
Deferred Stock Unit (“Vested Unit”); provided, however, that, if explicitly provided in the applicable
Award Agreement, the Committee may, in its sole discretion, elect to pay cash or part cash and part Common Stock in lieu of delivering
only shares of Common Stock for Vested Units. If a cash payment is made in lieu of delivering shares of Common Stock, the amount
of such payment shall be equal to the Fair Market Value of the Common Stock as of the date on which the Restricted Period lapsed
in the case of Restricted Stock Units, or the delivery date in the case of Deferred Stock Units, with respect to each Vested Unit.

 

    	 	15 	 

    	 

    

 

(f)       Stock
Restrictions

 

Each
certificate representing Restricted Stock awarded under the Plan shall bear a legend in such form as the Company deems appropriate.

 

8.       Securities
Law Compliance. Each Award Agreement shall
provide that no shares of Common Stock shall be purchased or sold thereunder unless and until (a) any then applicable requirements
of state or federal laws and regulatory agencies have been fully complied with to the satisfaction of the Company and its counsel
and (b) if required to do so by the Company, the Participant has executed and delivered to the Company a letter of investment
intent in such form and containing such provisions as the Committee may require. The Company shall use reasonable efforts to seek
to obtain from each regulatory commission or agency having jurisdiction over the Plan such authority as may be required to grant
Awards and to issue and sell shares of Common Stock upon exercise of the Awards; provided, however, that this undertaking
shall not require the Company to register under the Securities Act the Plan, any Award or any Common Stock issued or issuable
pursuant to any such Award. If, after reasonable efforts, the Company is unable to obtain from any such regulatory commission
or agency the authority which counsel for the Company deems necessary for the lawful issuance and sale of Common Stock under the
Plan, the Company shall be relieved from any liability for failure to issue and sell Common Stock upon exercise of such Awards
unless and until such authority is obtained.

 

9.       Use
of Proceeds from Stock. Proceeds from the
sale of Common Stock pursuant to Awards, or upon exercise thereof, shall constitute general funds of the Company.

 

10.       Miscellaneous.

 

10.1       Acceleration
of Exercisability and Vesting. The Committee
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.

 

10.2       Shareholder
Rights. Except as provided in the Plan or
an Award Agreement, no Participant shall be deemed to be the holder of, or to have any of the rights of a holder with respect
to, any shares of Common Stock subject to such Award unless and until such Participant has satisfied all requirements for exercise
of the Award pursuant to its terms and no adjustment shall be made for dividends (ordinary or extraordinary, whether in cash,
securities or other property) or distributions of other rights for which the record date is prior to the date such Common Stock
certificate is issued, except as provided in Section 11 hereof.

 

10.3       No
Employment or Other Service Rights. Nothing
in the Plan or any instrument executed or Award granted pursuant thereto shall confer upon any Participant any right to continue
to serve the Company or an Affiliate in the capacity in effect at the time the Award was granted or shall affect the right of
the Company or an Affiliate to terminate (a) the employment of an Employee with or without notice and with or without Cause or
(b) the service of a Director pursuant to the By-laws of the Company or an Affiliate, and any applicable provisions of the corporate
law of the state in which the Company or the Affiliate is incorporated, as the case may be.

 

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10.4       Transfer;
Approved Leave of Absence. For purposes of
the Plan, no termination of employment by an Employee shall be deemed to result from either (a) a transfer of employment to the
Company from an Affiliate or from the Company to an Affiliate, or from one Affiliate to another, or (b) an approved leave of absence
for military service or sickness, or for any other purpose approved by the Company, if the Employee’s right to reemployment
is guaranteed either by a statute or by contract or under the policy pursuant to which the leave of absence was granted or if
the Committee otherwise so provides in writing, in either case, except to the extent inconsistent with Section 409A of the Code
if the applicable Award is subject thereto.

 

10.5       Withholding
Obligations. To the extent provided by the
terms of an Award Agreement and subject to the discretion of the Committee, the Participant may satisfy any federal, state or
local tax withholding obligation relating to the exercise or acquisition of Common Stock under an Award by any of the following
means (in addition to the Company’s right to withhold from any compensation paid to the Participant by the Company) or by
a combination of such means: (a) tendering a cash payment; (b) authorizing the Company to withhold shares of Common Stock from
the shares of Common Stock otherwise issuable to the Participant as a result of the exercise or acquisition of Common Stock under
the Award, provided, however, that no shares of Common Stock are withheld with a value exceeding the minimum amount of
tax required to be withheld by law; or (c) delivering to the Company previously owned and unencumbered shares of Common Stock
of the Company.

 

11.       Adjustments
Upon Changes in Stock. In the event of changes
in the outstanding Common Stock or in the capital structure of the Company by reason of any stock or extraordinary cash dividend,
stock split, reverse stock split, an extraordinary corporate transaction such as any recapitalization, reorganization, merger,
consolidation, combination, exchange, or other relevant change in capitalization occurring after the Grant Date of any Award,
Awards granted under the Plan and any Award Agreements, the exercise price of Options and Stock Appreciation Rights, the maximum
number of shares of Common Stock subject to all Awards stated in Section 4 and the maximum number of shares of Common Stock
with respect to which any one person may be granted Awards during any period stated in Section 4 and Section 7.4(d)(vi)
will be equitably adjusted or substituted, as to the number, price or kind of a share of Common Stock or other consideration subject
to such Awards to the extent necessary to preserve the economic intent of such Award. In the case of adjustments made pursuant
to this Section 11, unless the Committee specifically determines that such adjustment is in the best interests of the Company
or its Affiliates, the Committee shall, in the case of Incentive Stock Options, ensure that any adjustments under this Section
11 will not constitute a modification, extension or renewal of the Incentive Stock Options within the meaning of Section 424(h)(3)
of the Code and in the case of Non-qualified Stock Options, ensure that any adjustments under this Section 11 will not constitute
a modification of such Non-qualified Stock Options within the meaning of Section 409A of the Code. Any adjustments made under
this Section 11 shall be made in a manner which does not adversely affect the exemption provided pursuant to Rule 16b-3 under
the Exchange Act. The Company shall give each Participant notice of an adjustment hereunder and, upon notice, such adjustment
shall be conclusive and binding for all purposes.

 

12.       Effect
of Change in Control.

 

12.1       Unless
otherwise provided in an Award Agreement, notwithstanding any provision of the Plan to the contrary:

In
the event of a Change in Control, all Options and Stock Appreciation Rights shall become immediately exercisable with respect
to 100% of the shares subject to such Options or Stock Appreciation Rights, and/or the Restricted Period shall expire immediately
with respect to 100% of the shares of Restricted Stock or Restricted Stock Units.

    	 	17 	 

    	 

    

 

To
the extent practicable, any actions taken by the Committee under the immediately preceding clause shall occur in a manner and
at a time which allows affected Participants the ability to participate in the Change in Control with respect to the shares of
Common Stock subject to their Awards.

 

12.2       In
addition, in the event of a Change in Control, the Committee may in its discretion and upon at least 10 days’ advance notice
to the affected persons, cancel any outstanding Awards and pay to the holders thereof, in cash or stock, or any combination thereof,
the value of such Awards based upon the price per share of Common Stock received or to be received by other shareholders of the
Company in the event. In the case of any Option or Stock Appreciation Right with an exercise price (or SAR Exercise Price in the
case of a Stock Appreciation Right) that equals or exceeds the price paid for a share of Common Stock in connection with the Change
in Control, the Committee may cancel the Option or Stock Appreciation Right without the payment of consideration therefor.

 

12.3       The
obligations of the Company under the Plan shall be binding upon any successor corporation or organization resulting from the merger,
consolidation or other reorganization of the Company, or upon any successor corporation or organization succeeding to all or substantially
all of the assets and business of the Company and its Affiliates, taken as a whole.

 

13.       Amendment
of the Plan and Awards.

 

13.1       Amendment
of Plan. The Board at any time, and from
time to time, may amend or terminate the Plan. However, except as provided in Section 11 relating to adjustments upon changes
in Common Stock and Section 13.3, no amendment shall be effective unless approved by the shareholders of the Company to
the extent shareholder approval is necessary to satisfy any Applicable Laws. At the time of such amendment, the Board shall determine,
upon advice from counsel, whether such amendment will be contingent on shareholder approval.

 

13.2       Shareholder
Approval. The Board may, in its sole discretion,
submit any other amendment to the Plan for shareholder approval.

 

13.3       Contemplated
Amendments. It is expressly contemplated
that the Board may amend the Plan in any respect the Board deems necessary or advisable to provide eligible Employees, Consultants
and Directors with the maximum benefits provided or to be provided under the provisions of the Code and the regulations promulgated
thereunder relating to Incentive Stock Options or to the nonqualified deferred compensation provisions of Section 409A of the
Code and/or to bring the Plan and/or Awards granted under it into compliance therewith.

 

13.4       No
Impairment of Rights. Rights under any Award
granted before amendment of the Plan shall not be impaired by any amendment of the Plan unless (a) the Company requests the consent
of the Participant and (b) the Participant consents in writing.

 

13.5       Amendment
of Awards. The Committee at any time, and
from time to time, may amend the terms of any one or more Awards; provided, however, that the Committee may not affect
any amendment which would otherwise constitute an impairment of the rights under any Award unless (a) the Company requests the
consent of the Participant and (b) the Participant consents in writing.

 

    	 	18 	 

    	 

    

 

14.       General
Provisions.

 

14.1       Forfeiture
Events. The Committee may specify in an Award
Agreement that the Participant’s rights, payments and benefits with respect to an Award shall be subject to reduction, cancellation,
forfeiture or recoupment upon the occurrence of certain events, in addition to applicable vesting conditions of an Award. Such
events may include, without limitation, breach of non-competition, non-solicitation, confidentiality, or other restrictive covenants
that are contained in the Award Agreement or otherwise applicable to the Participant, a termination of the Participant’s
Continuous Service for Cause, or other conduct by the Participant that is detrimental to the business or reputation of the Company
and/or its Affiliates.

 

14.2       Clawback.
Notwithstanding any other provisions in this Plan, any Award shall
be subject to clawback, cancellation, recoupment, rescission, payback, reduction or other similar action in accordance with the
terms of any Company clawback or similar policy or any applicable law related to such actions, as may be in effect from time to
time. Participants shall acknowledge and consent to the Company’s application, implementation and enforcement of any applicable
Company clawback or similar policy that may apply to the Participant, whether adopted prior to or following the grant date of
the Award, and any provision of applicable law relating to clawback, cancellation, recoupment, rescission, payback or reduction
of compensation, and Participants shall consent to the Company taking such actions as may be necessary to effectuate any such
policy or applicable law, without further consideration or action.

 

14.3       Other
Compensation Arrangements. Nothing contained
in this Plan shall prevent the Board from adopting other or additional compensation arrangements, subject to shareholder approval
if such approval is required; and such arrangements may be either generally applicable or applicable only in specific cases.

 

14.4       Sub-plans.
The Committee may from time to time establish sub-plans under the Plan for purposes of satisfying blue sky, securities, tax or
other laws of various jurisdictions in which the Company intends to grant Awards. Any sub-plans shall contain such limitations
and other terms and conditions as the Committee determines are necessary or desirable. All sub-plans shall be deemed a part of
the Plan, but each sub-plan shall apply only to the Participants in the jurisdiction for which the sub-plan was designed.

 

14.5       Unfunded
Plan. The Plan shall be unfunded. Neither
the Company, the Board nor the Committee shall be required to establish any special or separate fund or to segregate any assets
to assure the performance of its obligations under the Plan.

 

14.6       Recapitalizations.
Each Award Agreement shall contain provisions required to reflect the provisions of Section 11.

 

14.7       Delivery.
Upon exercise of a right granted under this Plan, the Company shall issue Common Stock or pay any amounts due within a reasonable
period of time thereafter. Subject to any statutory or regulatory obligations the Company may otherwise have, for purposes of
this Plan, 30 days shall be considered a reasonable period of time.

 

14.8       No
Fractional Shares. No fractional shares of
Common Stock shall be issued or delivered pursuant to the Plan. The Committee shall determine whether cash, additional Awards
or other securities or property shall be issued or paid in lieu of fractional shares of Common Stock or whether any fractional
shares should be rounded, forfeited or otherwise eliminated.

 

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14.9       Other
Provisions. The Award Agreements authorized
under the Plan may contain such other provisions not inconsistent with this Plan, including, without limitation, restrictions
upon the exercise of the Awards, as the Committee may deem advisable.

 

14.10       Section
409A. The Plan is intended to comply with
Section 409A of the Code to the extent subject thereto, and, accordingly, to the maximum extent permitted, the Plan shall be interpreted
and administered to be in compliance therewith. Any payments described in the Plan that are due within the “short-term deferral
period” as defined in Section 409A of the Code shall not be treated as deferred compensation unless Applicable Laws require
otherwise. Notwithstanding anything to the contrary in the Plan, to the extent required to avoid accelerated taxation and tax
penalties under Section 409A of the Code, amounts that would otherwise be payable and benefits that would otherwise be provided
pursuant to the Plan during the six (6) month period immediately following the Participant’s termination of Continuous Service
shall instead be paid on the first payroll date after the six-month anniversary of the Participant’s separation from service
(or the Participant’s death, if earlier). Notwithstanding the foregoing, neither the Company nor the Committee shall have
any obligation to take any action to prevent the assessment of any excise tax or penalty on any Participant under Section 409A
of the Code and neither the Company nor the Committee will have any liability to any Participant for such tax or penalty.

 

14.11       Disqualifying
Dispositions. Any Participant who shall make
a “disposition” (as defined in Section 424 of the Code) of all or any portion of shares of Common Stock acquired upon
exercise of an Incentive Stock Option within two years from the Grant Date of such Incentive Stock Option or within one year after
the issuance of the shares of Common Stock acquired upon exercise of such Incentive Stock Option (a “Disqualifying Disposition”)
shall be required to immediately advise the Company in writing as to the occurrence of the sale and the price realized upon the
sale of such shares of Common Stock.

 

14.12       Section
16. It is the intent of the Company that
the Plan satisfy, and be interpreted in a manner that satisfies, the applicable requirements of Rule 16b-3 as promulgated under
Section 16 of the Exchange Act so that Participants will be entitled to the benefit of Rule 16b-3, or any other rule promulgated
under Section 16 of the Exchange Act, and will not be subject to short-swing liability under Section 16 of the Exchange Act. Accordingly,
if the operation of any provision of the Plan would conflict with the intent expressed in this Section 14.13, such provision to
the extent possible shall be interpreted and/or deemed amended so as to avoid such conflict.

 

14.13       Section
162(m). To the extent the Committee issues
any Award that is intended to be exempt from the deduction limitation of Section 162(m) of the Code, the Committee may, without
shareholder or grantee approval, amend the Plan or the relevant Award Agreement retroactively or prospectively to the extent it
determines necessary in order to comply with any subsequent clarification of Section 162(m) of the Code required to preserve the
Company’s federal income tax deduction for compensation paid pursuant to any such Award.

 

14.14       Beneficiary
Designation. Each Participant under the Plan
may from time to time name any beneficiary or beneficiaries by whom any right under the Plan is to be exercised in case of such
Participant’s death. Each designation will revoke all prior designations by the same Participant, shall be in a form reasonably
prescribed by the Committee and shall be effective only when filed by the Participant in writing with the Company during the Participant’s
lifetime.

 

14.15       Expenses.
The costs of administering the Plan shall be paid by the Company.

 

    	 	20 	 

    	 

    

 

14.16       Severability.
If any of the provisions of the Plan or any Award Agreement is held to be invalid, illegal or unenforceable, whether in whole
or in part, such provision shall be deemed modified to the extent, but only to the extent, of such invalidity, illegality or unenforceability
and the remaining provisions shall not be affected thereby.

 

14.17       Plan
Headings. The headings in the Plan are for
purposes of convenience only and are not intended to define or limit the construction of the provisions hereof.

 

14.18       Non-Uniform
Treatment. The Committee’s determinations
under the Plan need not be uniform and may be made by it selectively among persons who are eligible to receive, or actually receive,
Awards. Without limiting the generality of the foregoing, the Committee shall be entitled to make non-uniform and selective determinations,
amendments and adjustments, and to enter into non-uniform and selective Award Agreements.

 

15.       Effective
Date of Plan. The Plan shall become effective
as of the Effective Date, but no Award shall be exercised (or, in the case of a stock Award, shall be granted) unless and until
the Plan has been approved by the shareholders of the Company, which approval shall be within twelve (12) months before or after
the date the Plan is adopted by the Board.

 

16.       Termination
or Suspension of the Plan. The Plan shall
terminate automatically on the tenth anniversary of the date the Plan is adopted by the Board and approved by the shareholders
of the Company. No Award shall be granted pursuant to the Plan after such date, but Awards theretofore granted may extend beyond
that date. The Board may suspend or terminate the Plan at any earlier date pursuant to Section 13.1 hereof. No Awards may
be granted under the Plan while the Plan is suspended or after it is terminated.

 

17.       Choice
of Law. The law of the State of Delaware
shall govern all questions concerning the construction, validity and interpretation of this Plan, without regard to such state’s
conflict of law rules.

 

As
adopted by the Board of Directors of alpha-En Corporation on this 27th day of June, 2016.

 

As
approved by the shareholders of alpha-En Corporation on this 27th day of June, 2016.

 

    	 	21Players
Network

 

EMPLOYMENT
AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT (the “Agreement”) after an initial trial period that began July 1st the Company hereby entered
into this agreement on the 8th day of August 2017 (“Effective Date”), by and between Player’s Network,
Inc., a Nevada corporation (hereinafter referred to as “Company”), with its principal business address at 1771 East
Flamingo Road, Suite 201A, Las Vegas, NV 89119 and Geoffrey Lawrence, a resident of Nevada (“Employee”), with a mailing
address of [Redacted].

 

In
consideration of the rights and benefits that they will each receive in connection with the employment relationship established
by this Agreement, the Company and Employee (the “Parties”), intending to be legally bound, agree as follows:

 

1.
Employment, Services and Term. Company employs Employee, and Employee accepts employment with Company as “Chief Financial
Officer / Chief Compliance Officer.” Employee shall perform such Services related to the business of the Company and its
Affiliates, including travel, as may from time to time be reasonably requested of him by the Chief Executive Officer, Mark Bradley,
or Director Brett Pojunis. Employee shall work directly with outside contractors who handle the Company’s public accounting
and reporting work as needed to stay in compliance with public reporting requirements and shall (i) be subject to all of the Company’s
policies, rules and regulations applicable to its employees and (ii) perform such Services commensurate with the Employee’s
position. Employee shall devote his business skills, time, and attention on an exclusive basis to his employment obligations to
Company and in furtherance of the business and interests of Company. Unless otherwise terminated in accordance with this Agreement,
the initial term of Employee’s employment shall be twenty four (24) months (the “Employment Term”) commencing
on the Effective Date hereinabove. Employee will need to put in all the necessary time required by management, which may be in
excess of a normal 40 hour work week. As per the Company’s Personal Time Off Policy (“PTO”), Employee shall
accrue 1 day of paid time off for every month worked for a total of 12 days of PTO per calendar year with any unused time carried
forward to the following year. Accumulated unused PTO is forfeited upon termination.

 

2.
Compensation. Compensation to Employee for providing Services is defined in Exhibit A.

 

3.
Termination. Employee may resign and terminate this Agreement at any time upon written notice to Company. The Company may
terminate the employment of Employee and all of Company’s obligations under this Agreement at any time during the Employment
Term without Cause by giving Employee written notice of such termination, to be effective immediately following such written notice.

 

4.
Covenants of Employee. 

 

a.
The terms below shall have the following meanings:

 

i.
“Affiliate” shall mean any individual or corporation, limited liability company, partnership, joint venture,
subsidiary, association or other entity or enterprise that directly or indirectly controls, is controlled by, or is under common
control with, the indicated person or entity;

 

ii.
“Competing Company” shall mean any Entity that is providing services or products that directly compete with
or are directly substitutable for those offered by the Company;

 

iii.
“Entity” shall mean any individual or corporation, limited liability company, partnership, joint venture, association
or other entity or enterprise;

 

iv.“Principal”
or “Representative” shall mean a principal, owner, partner, shareholder, joint venturer, investor, trustee,
director, officer, manager, employee, agent, representative or consultant;

 

Players
Network 1771 E Flamingo Rd, Suite 201A Las Vegas Nevada 89119

 

    	 	 	 

     

    

 

Players
Network

 

v.
“Protected Customers” shall mean past, current, and prospective customers of the Company that the Employee
learned from Confidential Information (as defined below); and,

 

vi.
“Services” shall mean the services required by this Agreement to be provided by Employee for or on Company’s
behalf during the Employment Term as of the Effective Date.

 

b.
Non-Compete. During the Employment Term and for a period of one (1) year immediately following termination of Employee’s
employment, Employee shall not, directly or indirectly, on Employee’s own behalf or as a Principal or Representative of
any Entity:

 

i.
Provide Services to or on behalf of any Competing Company;

 

ii.
Call upon, solicit, induce, recruit or attempt to solicit any of the Company’s employees for the purpose or with the intent
of enticing such employees away from or out of the employ of, or other business relationship with, the Company or its Affiliates
or to enter employment or other business relationship with any Competing Company;

 

iii.
Call upon, solicit, induce, recruit or attempt to solicit any of the Company’s investors/shareholders, prospective acquisition/merger
candidates, employees or Customers for the purpose of providing products or services that compete with or are directly substitutable
for those offered by Company.

 

c.
Notwithstanding anything contained to the contrary, nothing shall prevent Employee from engaging in activities otherwise prohibited
by this Section 4 if Employee receives the prior written approval by resolution of the Company’s Board of Directors.

 

d.
The covenants in this Section 4 are severable and separate, and if any specific covenant is found to be unenforceable, the provisions
of any other covenant shall not be affected. Moreover, in the event any court of competent jurisdiction shall determine that the
scope, time or territorial restrictions set forth are unreasonable, then it is the intention of the Parties that such restrictions
be enforced to the fullest extent which the court deems reasonable and the Agreement shall thereby be reformed.

 

5.
Confidential Information. 

 

a.
“Confidential Information” shall mean information and trade secrets of the Company and its Affiliates, licensors,
vendors, suppliers, customers or prospective licensors, vendors, suppliers or customers, that is of value to its owner and is
treated as confidential, including, but not limited to, technical or non-technical data, formulas, patterns, compilations, programs,
devices, methods, techniques, drawings, processes, financial data, financial plans, product plans, or a list of actual or potential
customers or suppliers, future business plans, licensing strategies, advertising campaigns, information regarding Employees and
contractors, and the terms and conditions of this Agreement. Confidential Information shall not include any data or information
that (i) has been voluntarily disclosed to the general public by the Company, (ii) has been independently developed and disclosed
to the general public by others without duty to confidentiality provisions with the Company, or (iii) otherwise enters the public
domain through lawful means.

 

b.
Company and its Affiliates may disclose to Employee, and Employee may otherwise come to learn through its employment, certain
Confidential Information. Employee acknowledges and agrees that Confidential Information is the sole and exclusive property of
Company and that the Company owns all worldwide rights therein under patent, copyright, trade secret, confidential information,
or other property right. Employee acknowledges and agrees that the disclosure of the Confidential Information by the Company to
the Employee does not confer upon Employee any license, interest or rights of any kind in or to the Confidential Information.
Employee may use the Confidential Information solely for the benefit of the Company and its Affiliates while Employee is employed
by Company. Employee will hold in confidence and not reproduce, distribute, transmit, reverse engineer, decompile, disassemble,
or transfer, directly or indirectly, in any form, by any means, or for any purpose, the Confidential Information or any portion
thereof. Employee agrees to return to Company, upon request by Company, the Confidential Information and all materials relating
to them.

 

Players
Network 1771 E Flamingo Rd, Suite 201A Las Vegas Nevada 89119

 

    	 	 	 

     

    

 

Players
Network

 

c.
Employee acknowledges that its obligations with regard to the Confidential Information shall remain in effect while Employee is
employed by Company and for two (2) years thereafter.

 

d.
Upon termination of employment for any reason, Employee shall return immediately to Company all Confidential Information of Company
and its Affiliates within Employee’s possession, custody or control.

 

6.
Ownership. For purposes of this Agreement, “Work Product” shall mean all ideas, concepts, marketing
strategies, management techniques, product development, methods, analyses, reports, drawing, data, business plans, financial information,
any materials, documentation regardless of format, computer programs, inventions (whether or not patentable), and all works of
authorship, including all worldwide rights therein under patent, copyright, trade secret, confidential information, or other property
right, created or developed in whole or in part by Employee, whether prior to the date of this Agreement or in the future while
employed by Company (whether developed during work hours or not) and which relate to or result from the present or anticipated
business, research, developments, tests, products, work or activities of the Company, its Protected Customers, and its Affiliates.
All Work Product shall be considered as work “made for hire” by the Employee and therefore owned by the Company. If
any of the Work Product may not, by operation of the law, be considered work made for hire by Employee for Company and its Affiliates,
or if ownership of all right, title, and interest of the intellectual property rights therein shall not otherwise vest exclusively
in Company, Employee hereby assigns to Company, and upon the future creation thereof automatically assigns to Company, without
further consideration, the ownership of all Work Product. Company shall have the right to obtain and hold in its own name copyrights,
registrations, and any other protection available in the Work Product. Employee agrees to perform, during or after Employee’s
employment, such further acts as may be necessary or desirable to transfer, perfect, and defend Company’s ownership of the
Work Product that are reasonably requested by Company.

 

7.
Equitable Relief. The Parties to this Agreement acknowledge that a breach by Employee of any of the terms or conditions
of this Agreement will result in irrevocable harm to Company and that the remedies at law for such breach may not adequately compensate
the Companies for damages suffered. Accordingly, Employee agrees that in the event of such breach, Company shall be entitled to
injunctive relief or such other equitable remedy as a court of competent jurisdiction may provide. Nothing contained herein will
be construed to limit Company’s right to any remedies at law or equity, including the recovery of damages for breach of
this Agreement.

 

8.
Compliance with Securities Laws. Employee, Company and its Affiliates agree to comply with all applicable state and federal
securities laws, rules, and regulations, as may be in effect from time to time.

 

9.
Governing Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Nevada, which
is an employment-at-will state.

 

10.
Arbitration. The Parties agree that any dispute, claim or controversy of whatever nature arising out of or relating to
the negotiation, execution, performance or breach of this Agreement or any other dealings between them that cannot be amicably
resolved either by informal discussion between the Parties or mutual agreement to mediate, shall be resolved solely by arbitration
in proceedings conducted in Clark County, Nevada before the American Arbitration Association in accordance with its Commercial
Arbitration Rules. Results from such proceedings shall be deemed conclusive, final and binding upon the Parties, and may be entered
as the judgment of any court of competent jurisdiction. The Parties shall execute all submission agreements and other documents
authorizing the submission of said dispute to arbitration for a final determination and award. The arbitration panel shall be
empowered to award attorney’s fees and expenses of arbitration (including expert witness fees) to the prevailing Party in
any such arbitration. Furthermore, with respect to any civil action instituted for injunctive relief, the Parties hereby expressly
agree to submit themselves to, and consent to the jurisdiction and venue of Nevada. Nothing contained in this paragraph shall
restrict or prevent any Party from obtaining a temporary restraining order, injunction or other equitable relief which said initiating
Party may have against the other.

 

Players
Network 1771 E Flamingo Rd, Suite 201A Las Vegas Nevada 89119

 

    	 	 	 

     

    

 

Players
Network

 

11.
Indemnification. Company and its Affiliates hereby agree that it shall indemnify and hold Employee harmless to the fullest
extent permitted by applicable law, from and against all losses, costs, claims, judgments and expenses, including without limitation
reasonable attorney’s fees or lost wages due to imprisonment (“Losses”), as and when incurred by Employee. The
indemnification provided for herein shall not be deemed exclusive of any other rights to which Employee may be entitled under
any by-law, agreement, insurance policy, vote of shareholders or otherwise. Employee shall indemnify and hold Company (and its
employees, officers, directors, advisors and agents) harmless against any Losses as a result of any material breach by Employee.

 

Exceptions.

a.
Certain Matters. Any provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms
of this Agreement to indemnify Indemnitee on account of any proceeding with respect to (i) remuneration paid to Indemnitee if
it is determined by final judgment or other final adjudication that such remuneration was in violation of law (and, in this respect,
both the Company and Indemnitee have been advised that the Securities and Exchange Commission believes that indemnification for
liabilities arising under the federal securities laws is against public policy and is, therefore, unenforceable and that claims
for indemnification should be submitted to appropriate courts for adjudication; (ii) a final judgment rendered against Indemnitee
for an accounting, disgorgement or repayment of profits made from the purchase or sale by Indemnitee of securities of the Company
against Indemnitee or in connection with a settlement by or on behalf of Indemnitee to the extent it is acknowledged by Indemnitee
and the Company that such amount paid in settlement resulted from Indemnitee’s conduct from which Indemnitee received monetary
personal profit, pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934, as amended, or other provisions
of any federal, state or local statute or rules and regulations thereunder; (iii) a final judgment or other final adjudication
that Indemnitee’s conduct was in knowingly fraudulent or constituted willful misconduct (but only to the extent of such
specific determination, and other than in connection with the operation of the Company’s cannabis business in the ordinary
course); or (iv) on account of conduct that is established by a final judgment as constituting a breach of Indemnitee’s
duty of loyalty to the Company or resulting in any personal profit or advantage to which Indemnitee is not legally entitled. For
purposes of the foregoing sentence, a final judgment or other adjudication may be reached in either the underlying proceeding
or action in connection with which indemnification is sought or a separate proceeding or action to establish rights and liabilities
under this Agreement.

 

b.
Claims Initiated by Indemnitee. Any provision herein to the contrary notwithstanding, the Company shall not be obligated to indemnify
or advance expenses to Indemnitee with respect to proceedings or claims initiated or brought by Indemnitee against the Company
or its directors, officers, employees or other agents and not by way of defense, except (i) with respect to proceedings brought
to establish or enforce a right to indemnification under this Agreement or under any other agreement, provision in the Bylaws
or Certificate of Incorporation or applicable law, or (ii) with respect to any other proceeding initiated by Indemnitee that is
either approved by the Board of Directors or in which Indemnitee’s participation is required by applicable law. However,
indemnification or advancement of expenses may be provided by the Company in specific cases if the Board of Directors determines
it to be appropriate.

 

c.
Unauthorized Settlements. Any provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to
the terms of this Agreement to indemnify Indemnitee under this Agreement for any amounts paid in settlement of a proceeding effected
without the Company’s written consent. Neither the Company nor Indemnitee shall unreasonably withhold consent to any proposed
settlement; provided, however, that the Company may in any event decline to consent to (or to otherwise admit or agree to any
liability for indemnification hereunder in respect of) any proposed settlement if the Company is also a party in such proceeding
and determines in good faith that such settlement is not in the best interests of the Company and its stockholders.

 

Players
Network 1771 E Flamingo Rd, Suite 201A Las Vegas Nevada 89119

 

    	 	 	 

     

    

 

Players
Network

 

d.
Securities Act Liabilities. Any provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant
to the terms of this Agreement to indemnify Indemnitee or otherwise act in violation of any undertaking appearing in and required
by the rules and regulations promulgated under the Securities Act of 1933, as amended (the “Act”), or in any registration
statement filed with the SEC under the Act. Indemnitee acknowledges that paragraph (h) of Item 512 of Regulation S-K currently
generally requires the Company to undertake in connection with any registration statement filed under the Act to submit the issue
of the enforceability of Indemnitee’s rights under this Agreement in connection with any liability under the Act on public
policy grounds to a court of appropriate jurisdiction and to be governed by any final adjudication of such issue. Indemnitee specifically
agrees that any such undertaking shall supersede the provisions of this Agreement and to be bound by any such undertaking. A determination
that Indemnitee is not entitled to indemnification pursuant to this Section 10(d) may be made by the Company upon receipt of a
written opinion from Independent Counsel, a copy of which opinion shall be delivered to the Indemnitee. In the event Indemnitee
disputes such opinion, Indemnitee shall in any event be entitled to seek enforcement of its rights hereunder pursuant to Section
7(c), and Indemnitee shall be indemnified in connection with costs in seeking such enforcement pursuant to Section 7(d).

 

12.
Notices. All notices, demands and requests which may be given or which are required to be given by either Party to the
other, and any exercise of a right of termination provided by this Agreement, shall be in writing and shall be deemed effective
when either: (1) sent by certified or registered mail to the intended recipient at the address specified below; (2) deposited
into the custody of a nationally recognized overnight delivery service such as FedEx, UPS. or United Stated Postal Service, addressed
to such party at the address specified below; or (3) sent by facsimile, email, telegram or telex, provided that receipt for such
transmission is verified by the sender. Notices shall be effective on the date of delivery or receipt. For purposes of this Paragraph,
the addresses of the Parties for all notices are as follows (unless changes by similar notice in writing are given by the particular
person whose address is to be changed):

 

	 	Company:	 	Employee:
	 	 	 	 
	 	Players
    Network	 	 
	 	Mark
    Bradley, CEO	 	Geoffrey
    Lawrence
	 	[Address
    Redacted]	 	[Address
    Redacted]

 

13.
Miscellaneous. This Agreement shall supersede any and all other agreements, whether written or verbal, that may have been
made or entered into by the Parties relating to the subject matters set forth herein. No waiver by a Party of any breach by the
other Party of this Agreement shall be construed to be a waiver as to succeeding breaches. This Agreement constitutes the entire
agreement of the Parties with respect to the subject matter hereof and may not be modified or amended in any way except in writing
by the Parties. Employee may not assign its interest in or delegate the Services under this Agreement. This Agreement shall be
binding upon and inure to the benefit of Company, its successors and assigns. If any provision or part of any provision of this
Agreement is held invalid or unenforceable by a court of competent jurisdiction, such holding shall not affect the enforceability
of any other provisions or parts thereof; and all other provisions and parts thereof shall continue in full force and effect.
This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together shall constitute
one and the same agreement.

 

Players
Network 1771 E Flamingo Rd, Suite 201A Las Vegas Nevada 89119

 

    	 	 	 

     

    

 

Players
Network

 

IN
WITNESS WHEREOF, the Parties have accepted and agreed to enter into this Agreement on this 8th day of August 2017.

 

	EMPLOYEE:	 	 	COMPANY:
	 	 	 	 
	Geoffrey
    Lawrence,	 	 	Players
    Network,
	an
    Individual	 	 	a
    Nevada corporation
	 	 	 	 	 
	 	/S/
    Geoffrey Lawrence	 	 	/S/
    Mark Bradley
	By:	Geoffrey
    Lawrence	 	By:	 Mark
    Bradley
	 	Individually
    	 	 	Chief
    Executive Officer

 

Players
Network 1771 E Flamingo Rd, Suite 201A Las Vegas Nevada 89119

 

    	 	 	 

     

    

 

Players
Network

 

“EXHIBIT
A” 

ADDITIONAL
COMPENSATION TO EMPLOYEE AND EXPENSES

 

	1.	Regular
    Compensation. Employee shall be entitled to regular compensation for services rendered in the amount of $152,640 annually.
    Regular compensation will be comprised of cash compensation in the amount of $100,800 annually and stock compensation in the
    amount of $51,840 annually. Cash compensation is payable in accordance with Company’s standard payroll schedule, beginning
    on the 1st day of July 2017. Stock compensation will be awarded quarterly, beginning each three month period subsequent
    to the 1st day of July 2017, with $12,960 worth of shares of the Company’s Common Stock awarded based on
    the closing traded price on each quarterly measurement date (October 1st, January 1st, April 1st and July 1st).
	 	 
	2.	Bonus
    Compensation. The Employee will be subject to an annual performance review (“Review”). Any performance based
    incentive compensation resulting from the Review may include combinations of cash and/or equity, consisting of any combination
    of common stock, options, restricted stock grants, etc. at the sole discretion of the Company. In addition to a Review, Employee
    may receive bonuses directly related to other business development activities such as acquisitions, mergers, strategic partnerships,
    joint ventures, etc. at the sole discretion of the Company.
	 	 
	3.	Signing
    Bonus. As a signing bonus, Employee was awarded 250,000 restricted shares of the Company’s Common Stock on July
    4, 2017, pursuant to Rule 144 issued by the Securities and Exchange Commission or any succeeding law or regulation. 
	 	 
	4.	Stock
    Options. Employee will receive the right to purchase 2,000,000 shares of Common Stock in Company at a strike price of
    $0.17 per share, exercisable over three (3) years from the execution date of this agreement. These stock options will vest
    ratably on a monthly basis over a one-year period and, if unexercised, the rights will expire three months after the employee’s
    termination. This provision does not preclude Employee from acquiring any additional or future rights to purchase Common Stock
    in Company at a predetermined price.
	 	 
	5.	Benefits.
    Employee shall be eligible to participate in any employee benefits program offered by Company, including, but not limited
    to: group or individual insurance plans for health, dental or vision care and any retirement, deferred-compensation or other
    post-employment benefit plan. Employee contributions toward any such benefits shall be withheld from compensation in accordance
    with the Company’s standard payroll schedule.
	 	 
	6.	Expenses.
    During the term of this Agreement, Employee shall be entitled to reimbursement of their reasonable expenses incurred from
    time to time during the term hereof, in connection with the Employment Services to be provided under this Employment Agreement,
    within 15 days after invoicing the Company. The Company shall reimburse Employee for all pre-approved business expenses after
    the Employee presents an itemized account of expenditures with proof (i.e. receipts). 

 

All
Compensation is subject to modification from time to time by the Company at any time with prior written notice, to reflect new
incentive situations, pricing structure, revenue growth or changes in financial standing. It is also subject to adjustment for
specific acquisitions, ventures or other activities when the circumstances warrant revised treatment, provided that adjustments
shall be fairly applied to Employee. No amendment or modification of the Compensation shall be made except by an Addendum attached
to this Agreement.

 

Players
Network 1771 E Flamingo Rd, Suite 201A Las Vegas Nevada 89119

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