Document:

Exhibit
10.1

 

GLOLEX
INC.

 

2020
EQUITY INCENTIVE PLAN

 

This
2020 Equity Incentive Plan (the “Plan”) of Glolex Inc., a corporation formed under the laws of the State
of Nevada (the “Corporation”), provides for the grant of restricted stock, restricted stock units and options
to acquire shares of Common Stock of the Corporation. Awards granted under this Plan will include:

 

	 	(a)	stock
    options that qualify and are intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”),
    which will be referred to in this Plan as “Incentive Stock Options”;
	 	 	 
	 	(b)	stock
    options that do not qualify under Section 422 of the Code (or which are not intended to be classified as Incentive Stock Options),
    which will be referred to in this Plan as “Non-Qualified Stock Options” (and together with Incentive Stock
    Options and any other form of stock option issued under the Plan, “Options”); and
	 	 	 
	 	(d)	restricted
    stock and restricted stock units, which together with Non-Qualified Stock Options shall be referred to in this Plan as “Non-Qualified
    Awards”.

 

Options
and Non-Qualified Awards granted under this Plan are collectively referred to as “Awards”.

 

1.
PURPOSE

 

1.1
The purpose of this Plan is to retain the services of valued key employees and consultants of the Corporation and such other persons
as the Committee (as hereinafter defined) shall select in accordance with Section 3 below, and to encourage such persons to acquire
a greater proprietary interest in the Corporation, thereby strengthening their incentive to achieve the objectives of the shareholders
of the Corporation, and to serve as an aid and inducement in the hiring of new employees and to provide an equity incentive to
consultants and other persons selected by the Committee.

 

1.2
This Plan shall at all times be subject to all legal requirements relating to the administration of Awards, if any, under applicable
corporate laws, applicable United States federal and state securities laws, the Code, the rules of any applicable stock exchange
or stock quotation system, and the rules of any other foreign jurisdiction applicable to Awards granted to residents therein (collectively,
the “Applicable Laws”).

 

2.
ADMINISTRATION

 

2.1
This Plan shall be administered initially by the board of directors of the Corporation (the “Board”), except
that the Board may, in its discretion, establish a committee composed of two (2) or more members of the Board or two (2) or more
other persons to administer the Plan, which committee (the “Committee”) may be an executive, compensation or
other committee, including a separate committee especially created for this purpose.

 

2.2
[INTENTIONALLY OMITTED]

 

2.3
The Committee shall have the powers and authority vested in the Board hereunder. The members of any such Committee shall serve
at the pleasure of the Board. A majority of the members of the Committee shall constitute a quorum, and all actions of the Committee
shall be taken by a majority of the members present. Any action may be taken by a written instrument signed by all of the members
of the Committee and any action so taken shall be fully effective as if it had been taken at a meeting.

 

2.4
Subject to the provisions of this Plan and any Applicable Laws, and with a view to accomplishing the purpose of the Plan, the
Committee shall have sole authority, in its absolute discretion, to:

 

	 	(a)	construe
    and interpret the terms of the Plan and any Award granted pursuant to this Plan;
	 	 	 
	 	(b)	define
    the terms used in the Plan;
	 	 	 
	 	(c)	prescribe,
    amend and rescind the rules and regulations relating to this Plan;
	 	 	 
	 	(d)	correct
    any defect, supply any omission or reconcile any inconsistency in this Plan;
	 	 	 
	 	(e)	grant
    Awards under this Plan, except grants to directors, the CEO, the CFO and the COO of the Corporation, which will be granted
    by the Board as a whole only if required by Applicable Law;
	 	 	 
	 	(f)	determine
    the individuals to whom Awards shall be granted under this Plan and whether the Award is granted as an Incentive Stock Option
    or a Non-Qualified Award;

 

    	 

    	 

    

 

	 	(g)	determine
    the time or times at which Awards shall be granted under this Plan;
	 	 	 
	 	(h)	determine
    the number of shares of Common Stock subject to each Award, the exercise price of each Award, the duration of each Award and
    the times at which each Award shall become vested and exercisable;
	 	 	 
	 	(i)	determine
    all other terms and conditions of the Awards;
	 	 	 
	 	(j)	to
    prescribe, amend or rescind rules, guidelines and policies relating to the Plan, or to adopt sub-plans or supplements to,
    or alternative versions of, the Plan, including, without limitation, as the Committee deems necessary or desirable to comply
    with the laws or regulations of or to accommodate the tax policy, accounting principles or custom of, foreign jurisdictions
    whose citizens may be granted Awards; and
	 	 	 
	 	(k)	make
    all other determinations and interpretations necessary and advisable for the administration of the Plan.

 

2.5
All decisions, determinations and interpretations made by the Committee shall be binding and conclusive on all participants in
the Plan and on their legal representatives, heirs and beneficiaries.

 

3.
ELIGIBILITY

 

3.1
Incentive Stock Options may be granted to an “Employee”, meaning any individual who, at the time such option
is granted, is an employee of the Corporation or any corporation (other than the Corporation) that is a “Parent Corporation”
of the Corporation or “Subsidiary Corporation” of the Corporation, as those terms are defined in Sections 424(e) and
424(f), respectively, of the Code (or any successor provisions) and the regulations thereunder (as amended from time to time)
(“Related Corporation”).

 

3.2
Non-Qualified Awards may be granted to Employees, and to such other persons who are not Employees as the Committee shall select,
subject to any Applicable Laws.

 

3.3
Awards may be granted in substitution for outstanding Awards of another corporation in connection with the merger, consolidation,
acquisition of property or stock or other reorganization between such other corporation and the Corporation or any subsidiary
of the Corporation. Awards also may be granted in exchange for outstanding Awards.

 

3.4
Any person to whom an Award is granted under this Plan is referred to as a “Participant”.

 

4.
[INTENTIONALLY OMITTED]

 

5.
[INTENTIONALLY OMITTED]

 

6.
STOCK

 

6.1
The Company has authorized the issuance of Awards, in any combination, under the Plan, covering up to a total combined limit of
2,000,000 shares of Common Stock, shares of restricted stock and restricted stock units, subject to adjustment as provided in
this Plan. The maximum number of shares that may be subject to Incentive Stock Options granted under the Plan shall be 2,000,000.
Shares of Common Stock with respect to which Awards may be granted hereunder are subject to adjustment as set forth in Section
7.1(o) herein. In the event that any outstanding Award expires or is terminated for any reason, the shares of Common Stock allocable
to the unexercised portion of such Award may again be subject to an Award granted to the same Participant or to a different person
eligible under Section 3 herein.

 

7.
TERMS AND CONDITIONS OF AWARDS

 

7.1
Each Award granted under this Plan shall be evidenced by a written agreement approved by the Committee (each, an “Award
Agreement”). Award Agreements may contain such provisions, not inconsistent with this Plan or any Applicable Laws, as
the Committee in its discretion may deem advisable. All Awards also shall comply with the following requirements:

 

	 	(a)	Number
    of shares of Common Stock underlying the Award and Type of Award

 

Each
Award Agreement shall state the number of shares of Common Stock to which it pertains and whether the Award is intended to be
an Incentive Stock Option, a Non-Qualified Stock Option, restricted or unrestricted stock or restricted stock units; provided
that:

 

	 	(i)	the
    number of shares of Common Stock that may be reserved pursuant to the exercise of Awards granted to any person shall not exceed
    five percent (5%) of the issued and outstanding shares of Common Stock of the Corporation;

 

    	 

    	 

    

 

	 	(ii)	in
    the absence of action to the contrary by the Committee in connection with the grant of an Award, all Awards shall be Non-Qualified
    Awards;
	 	 	 
	 	(iii)	the
    aggregate fair market value (determined at the Date of Grant, as defined below) of the shares of Common Stock with respect
    to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (granted under
    this Plan and all other plans under which incentive stock options may be granted of the Corporation, a Related Corporation
    or a predecessor corporation) shall not exceed $100,000, or such other limit as may be prescribed by the Code as it may be
    amended from time to time (the “Annual Limit”); and
	 	 	 
	 	(iv)	any
    portion of an Award that exceeds the Annual Limit shall not be void but rather shall be a Non-Qualified Stock Option.

 

	 	(b)	Date
    of Grant

 

Each
Award Agreement shall state the date the Committee has deemed to be the effective date of grant of the Award for purposes of this
Plan (the “Date of Grant”).

 

	 	(c)	Exercise
    Price

 

Each
Award Agreement shall state the price per share of Common Stock to which an Award is exercisable (if applicable). The Committee
shall act in good faith to establish the exercise price in accordance with Applicable Laws; provided that:

 

	 	(i)	the
    per share exercise price for an Incentive Stock Option or Non-Qualified Stock Option shall not be less than the fair market
    value per share of Common Stock at the Date of Grant as determined by the Committee in good faith;
	 	 	 
	 	(ii)	with
    respect to Incentive Stock Options granted to greater-than-ten percent (10%) shareholders of the Corporation (as determined
    with reference to Section 424(d) of the Code), the exercise price per share shall not be less than one hundred ten percent
    (110%) of the fair market value per share of Common Stock at the Date of Grant as determined by the Committee in good faith;
    and
	 	 	 
	 	(iii)	Awards
    granted in substitution for outstanding options of another corporation in connection with the merger, consolidation, acquisition
    of property or stock or other reorganization involving such other corporation and the Corporation or any subsidiary of the
    Corporation may be granted with an exercise price equal to the exercise price for the substituted option of the other corporation,
    subject to any adjustment consistent with the terms of the transaction pursuant to which the substitution is to occur and
    subject to the requirements of Sections 424 and 409A of the Code (and the regulations promulgated thereunder) to the extent
    such requirements are applicable.

 

	 	(d)	Duration
    of Awards

 

At
the time of the grant of the Award, the Committee shall designate, subject to Section 7.1(g) herein, the expiration date of the
Award, which date shall not be later than ten (10) years from the Date of Grant; provided that the Committee decided otherwise
in specific Award Agreements or that the expiration date of any Incentive Stock Option granted to a greater than ten percent (10%)
shareholder of the Corporation (as determined with reference to Section 424(d) of the Code) shall not be later than five (5) years
from the Date of Grant. In the absence of action to the contrary by the Committee in connection with the grant of a particular
Award, and except in the case of Incentive Stock Options as described above, all Awards granted under this Section 7 shall expire
ten (10) years from the Date of Grant.

 

    	 

    	 

    

 

	 	(e)	Vesting
    Schedule

 

No
Award shall be exercisable until it has vested. The vesting schedule for each Award shall be specified by the Committee at the
time of grant of the Award; provided that if no vesting schedule is specified at the time of grant or otherwise provided
in the applicable Award Agreement, the Award shall vest as follows:

 

	 	(i)	on
    the three (3) month anniversary of the Date of Grant and each successive quarter-year anniversary to and including the thirty-six
    month anniversary, the Award shall vest and shall become exercisable with respect to one-twelfth (1/12th) of the
    Common Stock to which it pertains.

 

The
Committee may specify a vesting schedule for all or any portion of an Award based on the achievement of performance objectives
established in advance of the commencement by the Participant of services related to the achievement of the performance objectives.
Performance objectives shall be expressed in terms of objective criteria, including but not limited to, one or more of the following:
return on equity, return on assets, share price, market share, sales, earnings per share, costs, net earnings, net worth, inventories,
cash and cash equivalents, gross margin or the Corporation’s performance relative to its internal business plan. Performance
objectives may be in respect of the performance of the Corporation as a whole (whether on a consolidated or unconsolidated basis),
a Related Corporation, or a subdivision, operating unit, product or product line of either of the foregoing. Performance objectives
may be absolute or relative and may be expressed in terms of a progression or a range. An Award that is exercisable (in full or
in part) upon the achievement of one or more performance objectives may be exercised only following written notice to the Participant
and the Corporation by the Committee that the performance objective has been achieved.

 

	 	(f)	Acceleration
    of Vesting

 

The
vesting of one (1) or more outstanding Award(s) may be accelerated by the Committee at such times and in such amounts as it shall
determine in its sole discretion.

 

	 	(g)	Term
    of Award

 

	 	(i)	Vested
    Awards shall terminate, to the extent not previously exercised or settled, upon the occurrence of the first of the following
    events:

 

	 	A.	the
    expiration of the Award, as designated by the Committee in accordance with Section 7.1(d) above;
	 	 	 
	 	B.	the
    date a Participant receives a notice of his termination of employment or contractual relationship with the Corporation or
    any Related Corporation for Cause (as hereinafter defined); or
	 	 	 
	 	C.	the
    expiration of ten (10) years, unless otherwise determined in specific agreements by the Committee, from the date of a Participant’s
    termination of employment or contractual relationship with the Corporation or any Related Corporation for any reason whatsoever
    other than Cause, but including death or disability, unless, in the case of a Non-Qualified Stock Option, the exercise period
    is extended by the Committee until a date not later than the expiration date of the Award.

 

	 	(ii)	Notwithstanding
    Section 7.1(g)(i) above, any vested Awards that have been granted to a Participant in the Participant’s capacity as
    a director of the Corporation or any Related Corporation shall terminate upon the occurrence of the first of the following
    events:

 

	 	A.	the
    event specified in Section 7.1(g)(i)A above;
	 	 	 
	 	B.	the
    expiration of ten (10) years, unless otherwise determined in specific agreements by the Committee, from the date such Participant
    ceases to serve as a director of the Corporation or Related Corporation, as the case may be.

 

	 	(iii)	Upon
    the death of a Participant, any vested option still in force and unexpired may be exercised by the person or persons to whom
    such Participant’s rights shall pass by the Participant’s will or by the laws of descent and distribution at the
    Participant’s domicile at the time of death, within a period of twelve (12) months after the date of the Participant’s
    death.
	 	 	 
	 	(iv)	For
    purposes of the Plan, unless otherwise defined in the Award Agreement, termination for “Cause” shall have
    the meaning of the term as expressly defined in a then-effective written agreement between the Participant and the Corporation
    or any Related Corporation, or in the absence of such then-effective written agreement and in the case of an Employee, termination
    for the following reasons: (i) conviction of any felony involving moral turpitude or affecting the Corporation; (ii) any refusal
    to carry out a reasonable directive of the chief executive officer, the Board or the Participant’s direct supervisor,
    which involves the business of the Corporation or its Related Corporation and was capable of being lawfully performed; (iii)
    embezzlement of funds of the Corporation or its Related Corporation; (iv) any breach of the Participant’s fiduciary
    duties or duties of care of the Corporation; including without limitation disclosure of confidential information of the Corporation;
    and (v) any conduct (other than conduct in good faith) reasonably determined by the Board to be materially detrimental to
    the Corporation. Unless accelerated in accordance with Section 7.1(f) above, unvested Options shall terminate immediately
    upon termination of employment or contractual relationship of a Participant with the Corporation or a Related Corporation,
    or termination of a Participant’s services as a director of the Corporation or a Related Corporation, for any reason
    whatsoever, including death or disability.

 

    	 

    	 

    

 

	 	(v)	For
    purposes of this Plan, transfer of employment between or among the Corporation and/or any Related Corporation shall not be
    deemed to constitute a termination of employment with the Corporation or any Related Corporation. Employment shall be deemed
    to continue while the Participant is on military leave, sick leave or other bona fide leave of absence (as determined
    by the Committee). The foregoing notwithstanding, employment shall not be deemed to continue beyond the first ninety (90)
    days of such leave, unless (to the extent permitted by Applicable Law) otherwise determined in specific agreements by the
    Committee and unless the Participant’s re-employment rights are guaranteed by statute or by contract.

 

	 	(h)	Exercise
    or Settlement of Awards

 

	 	(i)	Options
    shall be exercisable, in full or in part, at any time after vesting, until termination of right to exercise. If less than
    all of the shares of Common Stock included in the vested portion of an Option are purchased, the remainder may be purchased
    at any subsequent time prior to the expiration of the exercise period.
	 	 	 
	 	(ii)	Options
    or portions thereof may be exercised by giving written notice to the Corporation, in such form and method as may be determined
    by the Corporation, which notice shall specify the number of shares of Common Stock to be purchased, and be accompanied by
    payment in the amount of the aggregate exercise price for the Common Stock so purchased, which payment shall be in a form
    specified in Section 7.1(i) below. The Corporation shall not be obligated to issue, transfer or deliver a certificate representing
    shares of Common Stock to the Participant, until provision has been made by the Participant, to the satisfaction of the Corporation,
    for the payment of the aggregate exercise or purchase price, as applicable, for all shares of Common Stock for which the Award
    shall have been exercised or settled and in satisfaction of any tax withholding obligations associated with such exercise
    or settlement.
	 	 	 
	 	(iii)	During
    the lifetime of a Participant, Options are exercisable only by the Participant.
	 	 	 
	 	(iv)	Only
    a whole share of Common Stock may be issued pursuant to the exercise or settlement of an Award, and to the extent that an
    Award covers less than one (1) share of Common Stock, such fractional share shall be forfeited.

 

	 	(i)	Payment
    upon Exercise of Option or Settlement of an Award

 

Upon
the exercise of any Option or settlement of an Award requiring a purchase price, the aggregate exercise price or purchase price
(as applicable) shall be paid to the Corporation in cash or by certified or cashier’s check. In addition, if pre-approved
in writing by the Committee who may arbitrarily withhold consent, the Participant may pay for all or any portion of the aggregate
exercise price or purchase price (as applicable) by complying with one or more of the following alternatives:

 

	 	(i)	by
    delivering to the Corporation shares of Common Stock previously held by such Participant, or by the Corporation withholding
    shares of Common Stock otherwise deliverable pursuant to exercise of an Award, which shares of Common Stock received or withheld
    shall have a fair market value per share of Common Stock at the date of exercise (as determined by the Committee) equal to
    the aggregate exercise price to be paid by the Participant upon such exercise or settlement;
	 	 	 
	 	(ii)	by
    delivering a properly executed exercise notice together with irrevocable instructions to a broker promptly to sell or margin
    a sufficient portion of the shares of Common Stock and deliver directly to the Corporation the amount of sale or margin loan
    proceeds to pay the exercise price or settlement price; or

 

    	 

    	 

    

 

	 	(iii)	by
    complying with any other payment mechanism approved by the Committee at the time of exercise.

 

	 	(j)	Restricted
    Stock

 

An
Award of restricted stock may be granted by the Corporation in a specified number of shares of Common Stock of the Corporation
to the Participant, which shares may or may not be subject to forfeiture or other restrictions upon the happening of specified
events (the term in which such restrictions apply shall be referred to as the “Restriction Period”). Such an
Award shall be subject to the following terms and conditions:

 

	 	(i)	Restricted
    stock shall be evidenced by an Award Agreement. The Award Agreement shall conform to the requirements of the Plan and may
    contain such other provisions as the Committee shall deem advisable.
	 	 	 
	 	(ii)	Upon
    determination of the number of shares of restricted stock to be granted to a Participant, the Committee shall direct that
    a certificate or certificates representing the number of shares of Common Stock of the Corporation be issued to the Participant
    with the Participant designated as the registered owner. If any restrictions apply to such shares of restricted stock, the
    certificate(s) representing such shares shall be legended as to sale, transfer, assignment, pledge or other encumbrances during
    the Restriction Period and deposited by the Participant, together with a stock power endorsed in blank, with the Corporation,
    to be held in escrow during the Restriction Period.
	 	 	 
	 	(iii)	Unless
    otherwise determined by the Committee at the time of an Award, during the Restriction Period the Participant shall not have
    the right to receive dividends from or to vote the shares of restricted stock.
	 	 	 
	 	(iv)	The
    Award Agreement shall specify the duration of the Restriction Period, if any, and the employment or other conditions (including
    performance objectives, termination of employment on account of death, disability, retirement or other cause) under which
    shares of restricted stock may be forfeited by the Participant. At the end of the Restriction Period, if any, the restrictions
    imposed shall lapse with respect to the number of shares of restricted stock as determined by the Committee, and the legend
    shall be removed and such number of shares delivered to the Participant (or, where appropriate, the Participant’s legal
    representative). The Committee may, in its sole discretion, modify or accelerate the vesting and delivery of shares of restricted
    stock, if those are subject to vesting.

 

	 	(k)	Restricted
    Stock Unit

 

The
Committee is authorized to make awards of restricted stock units to any Employee or consultant in such amounts and subject to
such terms and conditions as the Committee shall deem appropriate. On the vesting date of a restricted stock unit, or, if later,
on the date or dates set forth in the applicable Award Agreement(s), the Corporation shall transfer to the Participant one unrestricted,
fully transferable, fully paid and non-assessable share of Common Stock for each restricted stock unit scheduled to be paid out
on such date and not previously forfeited.

 

	 	(i)	All
    Awards of restricted stock units made pursuant to this Plan will be evidenced by an Award Agreement and will comply with and
    be subject to the terms and conditions of this Plan.
	 	 	 
	 	(ii)	Unless
    otherwise determined by the Committee at the time of an Award, during the Restriction Period the Participant shall not have
    the right to receive dividends from and to vote the shares underlying the restricted stock units.
	 	 	 
	 	(iii)	Restricted
    stock units shall be subject to such terms and conditions as the Committee may impose. These terms and conditions may include
    restrictions based upon completion of a specified period of service with the Corporation or an affiliate and the attainment
    of certain performance objectives as set out in advance in the Participant’s individual Award Agreement.

 

    	 

    	 

    

 

	 	(l)	No
    Rights as a Shareholder

 

A
Participant shall have no rights as a shareholder of the Corporation with respect to any shares of Common Stock covered by an
Option and to any shares of Common Stock underlying a restricted stock unit until such Participant becomes a record holder of
such shares, irrespective of whether such Participant has given notice of exercise. Subject to the provisions of Section 7.1(o)
hereof, no rights shall accrue to a Participant and no adjustments shall be made on account of dividends (ordinary or extraordinary,
whether in cash, securities or other property) or distributions or other rights declared on, or created in, the shares of Common
Stock for which the record date is prior to the date the Participant becomes a record holder of the shares of Common Stock, irrespective
of whether such Participant has given notice of exercise.

 

	 	(m)	Non-transferability

 

Options
and unvested restricted stock and restricted stock units granted under this Plan and the rights and privileges conferred by this
Plan may not be transferred, assigned, pledged or hypothecated in any manner (whether by operation of law or otherwise) other
than by will, by applicable laws of descent and distribution, and shall not be subject to execution, attachment or similar process.
Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of any options and unvested restricted stocks and
restricted stock units or of any right or privilege conferred by this Plan contrary to the provisions hereof, or upon the sale,
levy or any attachment or similar process upon the rights and privileges conferred by this Plan, such Options and unvested restricted
stock and restricted stock units shall thereupon terminate and become null and void.

 

	 	(n)	Securities
    Regulation and Tax Withholding

 

	 	(i)	Shares
    of Common Stock shall only be issued with respect to an Award, including the exercise of an Option, and the issuance and delivery
    of such shares of Common Stock shall comply with all Applicable Laws, and such issuance shall be further subject to the approval
    of counsel for the Corporation with respect to such compliance, including the availability of an exemption from prospectus
    and registration requirements for the issuance and sale of such shares of Common Stock. The inability of the Corporation to
    obtain from any regulatory body the authority deemed by the Corporation to be necessary for the lawful issuance and sale of
    any shares of Common Stock under this Plan, or the unavailability of an exemption from prospectus and registration requirements
    for the issuance and sale of any shares of Common Stock under this Plan, shall relieve the Corporation of any liability with
    respect to the non-issuance or sale of such shares of Common Stock.
	 	 	 
	 	(ii)	As
    a condition to the exercise of an Option or issuance of other Awards, the Committee may require the Participant to represent
    and warrant in writing at the time of such exercise that the shares of Common Stock are being purchased only for investment
    and without any then-present intention to sell or distribute such shares of Common Stock. If necessary under Applicable Laws,
    the Committee may cause a stop-transfer order against such shares of Common Stock to be placed on the stock books and records
    of the Corporation, and a legend indicating that the shares of Common Stock may not be pledged, sold or otherwise transferred
    unless an opinion of counsel is provided stating that such transfer is not in violation of any Applicable Laws, may be stamped
    on the certificates representing such shares of Common Stock in order to assure an exemption from registration. The Committee
    also may require such other documentation as may from time to time be necessary to comply with applicable securities laws.
    THE CORPORATION HAS NO OBLIGATION TO UNDERTAKE REGISTRATION OF OPTIONS OR THE SHARES OF COMMON STOCK ISSUABLE UPON THE EXERCISE
    OF OPTIONS OR ISSUANCE OF OTHER AWARDS.
	 	 	 
	 	(iii)	The
    Participant shall pay to the Corporation by certified or cashier’s check, promptly upon exercise of an Option or, if
    sooner or later, the date that the amount of such obligations becomes determinable upon any Award, all applicable federal,
    state, local and foreign withholding taxes that the Committee, in its discretion, determines to result upon exercise of an
    Option or from a transfer or other disposition of shares of Common Stock acquired upon exercise of an Option or otherwise
    related to an Option or shares of Common Stock acquired in connection with an Option or issuance of shares underlying a different
    Award. Furthermore, the Participant shall agree to indemnify the Corporation and/or its affiliates and hold them harmless
    against and from any and all liability for any such tax or interest or penalty thereon, including without limitation, liabilities
    relating to the necessity to withhold, or to have withheld, any such tax from any payment made to the Participant. Upon approval
    of the Committee, a Participant may satisfy such obligation by complying with one or more of the following alternatives selected
    by the Committee:

 

    	 

    	 

    

 

	 	A.	by
    delivering to the Corporation shares of Common Stock previously held by such Participant or by the Corporation withholding
    shares of Common Stock otherwise deliverable pursuant to the exercise of the Option or issuance of shares underlying a different
    Award, which shares of Common Stock received or withheld shall have a fair market value (as determined by the Committee) equal
    to the minimum mandatory withholding tax obligations arising as a result of such exercise, transfer or other disposition;
    or

 

	 	B.	by
    complying with any other payment mechanism approved by the Committee from time to time.

 

	 	(iv)	The
    issuance, transfer or delivery of certificates representing shares of Common Stock pursuant to the exercise of Options or
    issuance of shares underlying a different Award may be delayed, at the discretion of the Committee, until the Committee is
    satisfied that the applicable requirements of all Applicable Laws and the withholding provisions of the Code have been met
    and that the Participant has paid or otherwise satisfied any withholding tax obligation as described in Section 7.1(n)(iii)
    above.

 

	 	(o)	Adjustments
    Upon Changes In Capitalization

 

	 	(i)	The
    aggregate number (in the case of Incentive Stock Options and for purposes of the limit in Section 6.2 above) and class of
    shares for which Awards may be granted under this Plan, the number and class of shares covered by each outstanding Award,
    and the exercise price per share thereof (but not the total price), and each such Award, shall all be proportionately adjusted
    for any increase or decrease in the number of issued shares of Common Stock of the Corporation resulting from:

 

	 	A.	a
    subdivision or consolidation of shares of Common Stock or any like capital adjustment, or

 

	 	B.	the
    issuance of any shares of Common Stock, or securities exchangeable for or convertible into shares of Common Stock, to the
    holders of all or substantially all of the outstanding shares of Common Stock by way of a stock dividend (other than the issue
    of shares of Common Stock, or securities exchangeable for or convertible into shares of Common Stock, to holders of shares
    of Common Stock pursuant to their exercise of Options to receive dividends in the form of shares of Common Stock, or securities
    convertible into shares of Common Stock, in lieu of dividends paid in the ordinary course on the shares of Common Stock).

 

	 	(ii)	Except
    as provided in Section 7.1(o)(iii) hereof, upon a merger or amalgamation (other than a merger or amalgamation of the Corporation
    in which the holders of shares of Common Stock immediately prior to the merger have the same proportionate ownership of shares
    of Common Stock in the surviving corporation immediately after the merger), consolidation, acquisition of property or stock,
    separation, reorganization (other than a mere re-incorporation or the creation of a holding Corporation) or liquidation of
    the Corporation, as a result of which the shareholders of the Corporation, receive cash, shares or other property in exchange
    for or in connection with their shares of Common Stock, any Award granted hereunder shall terminate, but the Participant shall
    have the right to exercise such Participant’s Award immediately prior to any such merger, consolidation, acquisition
    of property or shares, separation, reorganization or liquidation, and to be treated as a shareholder of record for the purposes
    thereof, to the extent the vesting requirements set forth in the Award Agreement have been satisfied.

 

	 	(iii)	If
    the shareholders of the Corporation receive shares in the capital of another corporation (“Exchange Shares”)
    in exchange for their shares of Common Stock in any transaction involving a merger or amalgamation (other than a merger of
    the Corporation in which the holders of shares of Common Stock immediately prior to the merger have the same proportionate
    ownership of shares of Common Stock in the surviving corporation immediately after the merger), consolidation, acquisition
    of property or shares, separation or reorganization (other than a mere re-incorporation or the creation of a holding Corporation),
    all Awards granted hereunder shall be converted into Awards to purchase Exchange Shares, unless the Corporation and the corporation
    issuing the Exchange Shares, in their sole discretion, determine that any or all such Awards granted hereunder shall not be
    converted into Awards to purchase Exchange Shares but instead shall terminate in accordance with, and subject to the Participant’s
    right to exercise the Participant’s Awards pursuant to the provisions of Section 7.1(o)(ii). The amount and price of
    converted Awards shall be determined by adjusting the amount and price of the Awards granted hereunder in the same proportion
    as used for determining the number of Exchange Shares the holders of the shares of Common Stock receive in such merger, consolidation,
    acquisition or property or stock, separation or reorganization. Unless accelerated by the Board, the vesting schedule set
    forth in the Award Agreement shall continue to apply to the Awards granted for the Exchange Shares.

 

    	 

    	 

    

 

	 	(iv)	In
    the event of any adjustment in the number of shares of Common Stock covered by any Award, any fractional shares resulting
    from such adjustment shall be disregarded and each such Award shall cover only the number of full shares resulting from such
    adjustment.
	 	 	 
	 	(v)	All
    adjustments pursuant to Section 7.1(o) shall be made by the Committee, and its determination as to what adjustments shall
    be made, and the extent thereof, shall be final, binding and conclusive.
	 	 	 
	 	(vi)	The
    grant of an Award shall not affect in any way the right or power of the Corporation to make adjustments, reclassifications,
    reorganizations or changes of its capital or business structure, to merge, consolidate or dissolve, to liquidate or to sell
    or transfer all or any part of its business or assets.
	 	 	 
	 	(vii)	All
    adjustments made pursuant to this Section 7.1(o) shall satisfy the requirements of Sections 424 and 409A of the Code (and
    the regulations promulgated thereunder to the extent such requirements are applicable.

 

8.
TERMINATION DATE; AMENDMENT; SHAREHOLDER APPROVAL

 

8.1
Unless sooner terminated by the Board, this Plan shall terminate on the day prior to the tenth (10th) anniversary of its adoption
by the Board. No Award may be granted after such termination or during any suspension of this Plan.

 

8.2
Any Incentive Stock Options granted by the Committee prior to the ratification of this Plan by the shareholders of the Corporation
shall be granted subject to approval of this Plan by the shareholders of the Corporation’s outstanding voting shares, voting
either in person or by proxy at a duly held shareholders’ meeting within twelve (12) months before or after the date this
Plan is approved by the Board.

 

9.
NO OBLIGATIONS TO EXERCISE OPTION

 

The
grant of an Option shall impose no obligation upon the Participant to exercise such Option.

 

10.
NO RIGHT TO AWARD OR TO EMPLOYMENT

 

Whether
or not any Awards are to be granted under this Plan shall be exclusively within the discretion of the Committee, and nothing contained
in this Plan shall be construed as giving any person any right to participate under this Plan. The grant of an Award shall in
no way constitute any form of agreement or understanding binding on the Corporation or any Related Corporation, express or implied,
that the Corporation or any Related Corporation will employ or contract with a Participant for any length of time, nor shall it
interfere in any way with the Corporation’s or, where applicable, a Related Corporation’s right to terminate a Participant’s
employment or services at any time, which right is hereby reserved.

 

11.
AWARDS VOIDABLE

 

If
a person to whom an Award under the Plan has been made fails to execute and deliver to the Committee a related Award agreement
within thirty (30) days after it is submitted to him, the Award shall be voidable by the Committee at its election, without further
notice to such person.

 

12.
APPLICATION OF FUNDS

 

The
proceeds received by the Corporation from the sale of shares of Common Stock issued upon the exercise of Awards shall be used
for general corporate purposes, unless otherwise directed by the Board.

 

13.
INDEMNIFICATION OF COMMITTEE

 

In
addition to all other rights of indemnification they may have as members of the Board, members of the Committee shall be indemnified
by the Corporation for all reasonable expenses and liabilities of any type or nature, including attorneys’ fees incurred
in connection with any action, suit or proceeding to which they or any of them are a party by reason of, or in connection with,
this Plan or any Award granted under this Plan, and against all amounts paid by them in settlement thereof (provided that such
settlement is approved by independent legal counsel selected by the Corporation), except to the extent that such expenses relate
to matters for which it is adjudged that such Committee member is liable for willful misconduct; provided, that within fifteen
(15) days after the institution of any such action, suit or proceeding, the Committee member involved therein shall, in writing,
notify the Corporation of such action, suit or proceeding, so that the Corporation may have the opportunity to make appropriate
arrangements to prosecute or defend the same.

 

    	 

    	 

    

 

14.
AMENDMENT AND TERMINATION OF PLAN

 

Subject
to additional consents and approvals required under Applicable Law, the Committee may, at any time, modify, amend or terminate
this Plan or modify or amend Awards granted under this Plan, including, without limitation, such modifications or amendments as
are necessary to maintain compliance with the Applicable Laws; provided that without approval of the Corporation’s
shareholders there shall be no: (a) increase in the total number of shares covered by the Plan, except by operation of the provisions
of Section 7(o), or the aggregate number of shares of Common Stock that may be issued to any single person; (b) change in the
class of persons eligible to receive Awards under the Plan; or (c) other change in the Plan that requires shareholder approval
under Applicable Law. Except as otherwise provided in the Plan or an Award Agreement, no amendment shall adversely affect outstanding
Awards without the consent of the Participant. Any termination of the Plan shall not terminate Awards then outstanding, without
the consent of the Participant.

 

15.
SECTION 409A

 

15.1
This Plan and the related Award Agreements (collectively, for purposes of this Section 15, the “Plan”) are
intended to comply with the requirements of Section 409A of the Code (“Section 409A”). Deferrals of compensation
subject to the restrictions set forth under Section 409A and the regulations promulgated thereunder (hereinafter, “Non-Qualified
Deferred Compensation”) may only be made under this Plan to a Participant subject to the provisions of Section 409A upon
an event and in a manner permitted by Section 409A. Any amounts payable solely on account of an involuntary separation from service
of the Participant within the meaning of Section 409A shall be excludible from the requirements of Section 409A, either as involuntary
separation pay (exempt from the provisions of Section 409A under Treas. Reg. Section 1.409A-1(b)(9)) or as short-term deferral
amounts (as described in Treas. Reg. Section 1.409A-1(b)(4)), to the maximum possible extent. For purposes of Section 409A, the
right to a series of installment payments under this Plan shall be treated as a right to a series of separate payments.

 

15.2
To the extent required by Section 409A, and notwithstanding any other provision of this Plan to the contrary, no payment of Non-Qualified
Deferred Compensation will be provided to, or with respect to, a Participant on account of his separation from service until the
first to occur of (i) the date of the Participant’s death or (ii) the date which is one day after the six (6) month anniversary
of his separation from service, but in either case only if he is a “Specified Employee” (as defined under Section
409A(a)(2)(B)(i) of the Code and the regulations promulgated thereunder) in the year of his separation from service. Any payment
that is delayed pursuant to the provisions of the immediately preceding sentence shall instead be paid in a lump sum promptly
following the first to occur of the two dates specified in such immediately preceding sentence.

 

15.3
Any payment of Non-Qualified Deferred Compensation made pursuant to a voluntary or involuntary Termination of Service shall be
withheld until the Participant (who is subject to the provisions of Section 409A) incurs both (i) a termination of service and
(ii) a “Separation from Service” with the Corporation and all of its affiliates, as such term is defined in
Treas. Reg. Section 1.409A-1(h).

 

15.4
If a Participant subject to the provisions of Section 409A is permitted to elect to defer an Award or any payment under an Award,
such election shall be made in accordance with the requirements of Code Section 409A. Each initial deferral election (an “Initial
Deferral Election”) must be received by the Committee prior to the following dates or will have no effect whatsoever:

 

(a)
Except as otherwise provided below or in Treas. Reg. Section 1.409A-2, the December 31st immediately preceding the year in which
the compensation is earned;

 

(b)
With respect to a Participant’s first year of participation in the Plan, within 30 days after the date the Participant first
becomes eligible to participate in the Plan, but only with regard to compensation paid for services performed by the Corporation
or any affiliate after the date of such election;

 

(c)
With respect to any annual or long-term incentive pay which qualifies as “performance-based compensation” within the
meaning of Code Section 409A, by the date six (6) months prior to the end of the performance measurement period applicable to
such incentive pay provided such additional requirements set forth in Treas. Reg. Section 1.409A-2(a) are met;

 

(d)
With respect to “Fiscal Year Compensation” as defined under Code Section 409A, by the last day of the Corporation’s
fiscal year immediately preceding the year in which the fiscal year compensation is earned; or

 

(e)
With respect to mid-year Awards or other legally binding rights to a payment of compensation in a subsequent year that is subject
to a forfeiture condition requiring the Participant’s continued service for a period of at least twelve (12) months, on
or before the thirtieth (30th) day following the grant of such Award (or the date such legally binding right to a payment
of compensation arises), provided that the election is made at least twelve (12) months in advance of the earliest date at which
the forfeiture condition could lapse.

 

    	 

    	 

    

 

15.5
If the Plan so permits, the Committee may, in its sole discretion, permit Participants to submit
additional deferral elections in order to delay, but not to accelerate, a payment, or to
change the form of payment of an amount of deferred compensation (a “Subsequent Deferral Election”), if, and
only if, the following conditions are satisfied: (i) the Subsequent Deferral Election must not take effect until 12 months after
the date on which it is made, (ii) in the case of a payment other than a payment attributable to the Participant’s death,
disability or an unforeseeable emergency (all within the meaning of Section 409A of the Code) the Subsequent Deferral Election
further defers the payment for a period of not less than five years from the date such payment would otherwise have been made
and (iii) the Subsequent Deferral Election is received by the Committee at least 12 months prior to the date the payment would
otherwise have been made. In addition, such Participants may be further permitted to revise the form of payment they have elected,
or the number of installments elected, provided that such revisions comply with the requirements of a Subsequent Deferral Election.

 

15.6
To the extent the Plan provides that Non-Qualified Deferred Compensation can be paid, at the discretion of the Committee, during
a certain period (e.g., 60 days) following a permissible payment event or trigger, and if the payment period spans two taxable
years of a Participant, then such Non-Qualified Deferred Compensation shall be paid during the second of such taxable years.

 

15.7
The preceding provisions of this Section 15 shall not be construed as a guarantee by the Corporation or by any of its affiliates
of any particular tax effect to the Participants under this Plan. The Corporation and its affiliates shall not be liable to the
Participants for any additional tax, penalty or interest imposed under Section 409A nor for reporting (or for failing to report)
in good faith any payment made under this Plan as an amount includible in gross income under Section 409A.

 

16.
TAX WITHHOLDING

 

The
Corporation (or the appropriate affiliate) shall have the right to deduct and withhold from all payments hereunder the minimum
statutory required federal, state, local or foreign taxes due to be withheld with respect to such payments. In the case of the
issuance or distribution of Common Stock or other securities hereunder, either directly or upon the exercise of or payment upon
any Award, the Corporation, as a condition of such issuance or distribution, may require the payment (through withholding from
the Participant’s salary, reduction of the number of shares of Common Stock or other securities to be issued, or otherwise)
of any such taxes. Each Participant may satisfy the withholding obligations by paying to the Corporation (or the appropriate affiliate)
a cash amount equal to the amount required to be withheld or, subject to the Committee’s consent thereto, by tendering to
the Corporation (or to the appropriate affiliate) a number of shares of Common Stock having a fair market value equivalent to
such cash amount, or by use of the following procedure if approved in writing by the Committee: A procedure whereby a number of
shares of Common Stock or other securities may be withheld from the total number of shares of Common Stock or other securities
to be issued upon exercise, vesting or payment upon an Award, as applicable. The Committee may, in its sole discretion, require
that if any such withholding is effected by the tendering of Common Stock, such withholding shall be consummated with Common Stock
(i) held by the Participant for at least six months or (ii) acquired by the Participant other than under the Plan or a similar
program.

 

17.
PAYMENTS DUE MISSING PERSONS

 

The
Corporation shall make a reasonable effort to locate all persons entitled to benefits under the Plan; however, notwithstanding
any provisions of the Plan to the contrary, if, after a period of one (1) year from the date such Benefits shall be due, any such
persons entitled to Benefits have not been located, their rights under the Plan with respect to such Benefits shall stand suspended.
Before this provision becomes operative, the Corporation shall send a certified letter to all such persons at their last known
addresses advising them that their rights under the Plan shall be suspended. Subject to all applicable state laws, any such suspended
Benefits shall be held by the Corporation for a period of one (1) additional year and thereafter such Benefits shall be forfeited
and thereafter remain the property of the Corporation.

 

    	 

    	 

    

 

18.
INCAPACITY

 

If
the Committee shall receive evidence satisfactory to it that a person entitled to receive payment of, or exercise, any Award is,
at the time when such benefit becomes payable or exercisable, a minor, or is physically or mentally incompetent to receive or
exercise such Award and to give a valid release thereof, and that another person or an institution is then maintaining or has
custody of such person and that no guardian, committee or other representative of the estate of such person shall have been duly
appointed, the Committee may make payment of such Award otherwise payable to such person to (or permit such Award to be exercised
by) such other person or institution, including a custodian under the Uniform Gifts to Minors Act or corresponding legislation
(who shall be an adult, a guardian of the minor or a trust company), and the release by such other person or institution shall
be a valid and complete discharge for the payment or exercise of such Award.

 

19.
GOVERNING LAW

 

All
questions pertaining to the validity, construction and administration of the Plan shall be determined in accordance with the laws
of the State of New York without regard to its principles of conflicts of law. In the event that any person is compelled to bring
a claim related to the Plan, to interpret or enforce the provisions of the Plan, to recover damages as a result of a breach of
the terms of the Plan, or from any other cause (a “Claim”), such Claim must be processed in the manner set
forth below:

 

19.1
THE SOLE AND EXCLUSIVE METHOD TO RESOLVE ANY CLAIM IS BINDING ARBITRATION, AND THE CORPORATION AND EACH PARTICIPANT (INCLUDING
FORMER PARTICIPANTS, BENEFICIARIES OF PARTICIPANTS OR OF FORMER PARTICIPANTS OR PERSONS ACTING FOR OR NON BEHALF THEREOF) WAIVE
THE RIGHT TO A JURY TRIAL OR COURT TRIAL. No Participant shall initiate or prosecute any lawsuit in any way related to any
Claim covered by the terms of the Plan.

 

19.2
Any arbitration shall be binding and conducted before a single arbitrator in accordance with the then-current JAMS Arbitration
Rules and Procedures for Employment Disputes or the appropriate governing body, as modified by the terms and conditions of this
paragraph. Venue for any arbitration pursuant to the Plan will lie in the locality of the principal executive offices of the Corporation.
The arbitrator will be selected by mutual agreement of the parties to such arbitration or, if the parties cannot agree, then by
striking from a list of arbitrators supplied by JAMS or the appropriate governing body. The parties to the arbitration shall each
pay an equal amount of the arbitrator’s fees and arbitration costs (recognizing that each party to the arbitration bears
the cost of its own deposition(s), witness, expert and attorneys’ fees and other expenses as and to the same extent as if
the matter were being heard in a court of law). Upon the conclusion of the arbitration hearing, the arbitrator shall issue a written
opinion revealing, however briefly, the essential findings and conclusions upon which the arbitrator’s award is based. The
award of the arbitrator shall be final and binding. Judgment upon any award may be entered in any court having jurisdiction thereof.

 

20.
NOTICES

 

Each
notice relating to the Plan shall be in writing and delivered in person, by national recognized courier service or by certified
or express mail to the proper address, with proof of receipt requested. Except as otherwise provided in any Award Agreement, or
as the Committee or Corporation shall, in writing, notify applicable Participants, former Participants, beneficiaries or other
persons acting for or on behalf of such persons, all notices to the Corporation or the Committee shall be addressed to it at the
principal executive offices of the Corporation, Attn: Secretary. All notices to Participants, former Participants, beneficiaries
or other persons acting for or on behalf of such persons shall be addressed to such person at the last address for such person
maintained in the Corporation’s records. No such notice shall be effective until received by the addressee.

 

    	 

    	 

    

 

21.
GOLDEN PARACHUTE RESTRICTIONS

 

Notwithstanding
any other provisions of the Plan to the contrary, if the receipt of any payments or benefits under the Plan would subject a Participant
to tax under Code Section 4999, the Committee may determine whether some amount of payments or benefits would meet the definition
of a “Reduced Amount.” If the Committee determines that there is a Reduced Amount, the total payments or benefits
to the Participant under all Awards must be reduced to such Reduced Amount, but not below zero. It is the intention of the Corporation
and any such Participant to reduce the payments under the Plan only if the aggregate “Net After Tax Receipts”
to such Participant would thereby be increased. If the Committee determines that the benefits and payments must be reduced to
the Reduced Amount, the Corporation must promptly notify such Participant of that determination, with a copy of the detailed calculations
by the Committee. All determinations of the Committee under this Section 21 shall be final, conclusive and binding upon the Corporation
and any such Participant. As result of the uncertainty in the application of Code Section 4999 at the time of the initial determination
by the Committee under this 21), however, it is possible that amounts will have been paid under the Plan to or for the benefit
of a Participant which should not have been so paid (“Overpayment”) or that additional amounts which will not
have been paid under the Plan to or for the benefit of a Participant could have been so paid (“Underpayment”),
in each case consistent with the calculation of the Reduced Amount. If the Committee, based either upon the assertion of a deficiency
by the Internal Revenue Service against the Corporation or a Participant, which the Committee believes has a high probability
of success, or controlling precedent or other substantial authority, determines that an Overpayment has been made, any such Overpayment
must be treated for all purposes as a loan, to the extent permitted by Applicable Law, which such Participant must repay to the
Corporation together with interest at the applicable federal rate under Code Section 7872(f)(2); provided, however, that no such
loan may be deemed to have been made and no amount shall be payable by a Participant to the Corporation if and to the extent such
deemed loan and payment would not either reduce the amount on which the Participant is subject to tax under Code Sections 1, 3101
or 4999 or generate a refund of such taxes. If the Committee, based upon controlling precedent or other substantial authority,
determines that an Underpayment has occurred, the Committee must promptly notify the Corporation of the amount of the Underpayment,
which then shall be paid promptly to the Participant but no later than the end of the Participant’s taxable year next following
the Participant’s taxable year in which the determination is made that the Underpayment has occurred. For purposes of this
Section 21`, (i) “Net After Tax Receipts” means the Present Value of a payment under the Plan net of all taxes
imposed on Participant with respect thereto under Code Sections 1, 3101 and 4999, determined by applying the highest marginal
rate under Code Section 1 which applies to the Participant’s taxable income for the applicable taxable year; (ii) “Present
Value” means the value determined in accordance with Code Section 280G(d)(4); and (iii) “Reduced Amount”
means the smallest aggregate amount of all payments and benefits under the Plan which (x) is less than the sum of all payments
and benefits under the Plan and (y) results in aggregate Net After Tax Receipts which are equal to or greater than the Net After
Tax Receipts which would result if the aggregate payments and benefits under the Plan were any other amount less than the sum
of all payments and benefits to be made under the Plan. If any payment or benefit is reduced under this Section 21, such reduction
shall be made in the following order: (i) first,
any future cash payments (if any) shall be reduced (if necessary, to zero); (ii) second, any current cash payments shall be reduced
(if necessary, to zero); (iii) third, all non-cash payments (other than equity or equity derivative related payments) shall be
reduced (if necessary, to zero); and (iv) fourth, all equity or equity derivative payments shall be reduced. Any necessary reduction
in each subcategory shall first be applied to the latest scheduled payment in such subcategory and shall continue to the extent
necessary until the most current payment is reduced or eliminated.

 

22.
CLAWBACKS

 

Notwithstanding
any provision of the Plan to the contrary, each Participant’s benefits awarded or paid hereunder (including, but not limited
to, payments of cash, equity underlying grants, and equity released from restrictions) may be subject to recoupment by the Corporation
to the extent (i) required under the applicable requirements of Section 304 of the Sarbanes-Oxley Act of 2002 and/or Section 954
of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (each as in effect from time to time, any applicable
rules and regulations with respect thereto that are promulgated thereunder by the Securities and Exchange Commission and the exchange(s)
and/or other trading facility(ies) on which any class of securities of the Corporation is traded), (ii) required by any other
policy or rule adopted by the Board or the Corporation’s stockholders pursuant to a duly authorized vote or (iii) as may
be provided in a particular Award Agreement. To the extent these recoupment rules apply to any Participant, but without in any
way limiting the generality of the foregoing, the Participant’s Awards shall be subject to recoupment under the Corporation’s
clawback policy, as in effect from time to time (the “Clawback Policy”), to the extent provided therein. The
Corporation intends, but the Corporation does not and cannot guarantee, that to the extent any payment under the Plan qualifies
as non-qualified deferred compensation (as defined under Section 409A of the Code and the regulations promulgated thereunder)
any recoupment required under this Section 22 shall either be exempt from Section 409A of the Code or comply with the applicable
requirements of Section 409A of the Code regarding the prohibited acceleration of payments of deferred compensation.

 

    	 

    	 

    

 

23.
CERTAIN RULES OF CONSTRUCTION

 

23.1
The headings and subheadings set forth in the Plan are inserted for the convenience of reference only and are to be ignored in
any construction of the terms set forth herein.

 

23.2
Wherever applicable, the neuter, feminine or masculine pronoun as used herein shall also include the neuter, masculine or feminine,
as the case may be.

 

23.3
The words “hereof,” “herein,” “hereunder” and similar words refer to the Plan as a whole and
not to any particular provision of the Plan; and any subsection, Section, Schedule, Appendix or Exhibit references are to the
Plan unless otherwise specified.

 

23.4
The term “including” is not limiting and means “including without limitation.”

 

23.5
References in the Plan to any statute or statutory provisions include a reference to such statute or statutory provisions as from
time to time amended, modified, reenacted, extended, consolidated or replaced (whether before or after the date of the Plan) and
to any subordinate legislation made from time to time under such statute or statutory provision.

 

23.6
References to the Plan or to any other document include a reference to the Plan or to such other document as varied, amended,
modified, novated or supplemented from time to time.

 

23.7
References to “writing” or “written” include any non-transient means of representing or copying words
legibly, including by facsimile or electronic mail.

 

23.8
References to “$” are to United States Dollars.

 

23.9
References to “%” are to percent.Exhibit
10.2

 

OMNIA
WELLNESS INC.

2020
EQUITY INCENTIVE PLAN

 

STOCK
OPTION AGREEMENT

 

STOCK
OPTION AGREEMENT, dated as of [_____], between Omnia Wellness Inc., a Nevada corporation (the “Company”), and [_____]
(the “Grantee”).

 

W
I T N E S S E T H:

 

WHEREAS,
as of March 5, 2020, the Company adopted the 2020 Equity Incentive Plan (the “Plan”), which Plan authorizes, among
other things, the grant of options to purchase shares of common stock, no par value (“Common Stock”), of the Company
to directors, officers and employees of the Company and to other individuals; and

 

WHEREAS,
the Company’s Board of Directors or Compensation Committee of the Board of Directors, as administrator of the Plan, has
determined that it would be in the best interests of the Company to grant the option documented herein.

 

NOW,
THEREFORE, the parties hereto hereby agree as follows:

 

1.
Definitions. Capitalized terms not defined in this Agreement shall have the meaning ascribed to such terms in the Plan.

 

2.
Grant of Option. Subject to the terms and conditions of the Plan and as set forth herein, the Company hereby grants to
the Grantee, as of the date hereof, an option (the “Option”) to purchase from the Company all or any part of an aggregate
number of [___] shares of Common Stock (the “Optioned Shares”).

 

3.
Vesting. Subject to such further limitations as are provided in the Plan and as set forth herein, the Option shall become
exercisable at a per share price of $[___] (“Exercise Price”), the Grantee having the right hereunder to purchase
from the Company the indicated number of Optioned Shares upon exercise of the Option, on and after such dates, in cumulative fashion:

 

	Exercise

        

        Date
	 	Non−Qualified

                                                                                Stock Options
	 	Incentive Stock

                                                                                Options
	 	Restricted
                                         Stock

        

        
	 	Restricted
                                         Stock

        

        Units

		 		 		 		 	
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

Only
those Optioned Shares indicated above as “Incentive Stock Options” are intended by the parties hereto to be, and be
treated as, “incentive stock options” (as such term is defined under Section 422 of the Code). The Option may not
be exercised with respect to less than 100 Optioned Shares (or the Optioned Shares then subject to purchase under the Option,
if less than 100 shares) or for any fractional shares.

 

    	 

    	 

    

 

4.
Termination of Option. The Option, to the extent not previously exercised and subject to Section 7(g) of the Plan, shall
terminate and become null and void on [_____].

 

5.
Exercisability. (a) Upon a termination of the Grantee’s employment, the Option shall be exercisable only to the extent
that the Option is vested and is in effect on the date of such termination of the Grantee’s employment.

 

(b)
To the extent exercisable, the Option may be exercised by a legal representative on behalf of the Grantee in the event of such
permanent disability, or, in the case of the death of the Grantee, by the estate of the Grantee or by any person or persons who
acquired the right to exercise the Option by bequest or inheritance or by reason of the death of the Grantee.

 

6.
Manner of Exercise. Subject to Section 7(h) of the Plan, the Option shall be exercisable in full or in part, at any time
after vesting, until termination of the right to exercise. If less than all of the shares of Common Stock included in the vested
portion of an Option are purchased, the remainder may be purchased at any subsequent time prior to the expiration of the exercise
period.

 

(b)
Options or portions thereof may be exercised by giving written notice to the Company, in such form and method as may be determined
by the Company, which notice shall specify the number of shares of Common Stock to be purchased, and be accompanied by payment
in the amount of the aggregate exercise price for the Common Stock so purchased, which payment shall be in a form specified in
Section 7.1(i) of the Plan. The Company shall not be obligated to issue, transfer or deliver a certificate representing shares
of Common Stock to the Grantee, until provision has been made by the Grantee, to the satisfaction of the Company for the payment
of the aggregate exercise or purchase price, as applicable, for all Option shares shall have been exercised or settled and in
satisfaction of any tax withholding obligations associated with such exercise or settlement.

 

(c)
Upon exercise of the Option in the manner prescribed by this Section 6 and otherwise pursuant to the Plan, delivery of a certificate
for the Optioned Shares then being purchased shall be made at the principal office of the Company to the person exercising the
Option within a reasonable time after the date of exercise specified in the notice of exercise.

 

7.
Non−Transferability of Option. Options and unvested restricted stock and restricted stock units granted under the
Plan and the rights and privileges conferred by the Plan may not be transferred, assigned, pledged or hypothecated in any manner
(whether by operation of law or otherwise) other than by will, by applicable laws of descent and distribution, and shall not be
subject to execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose
of any options and unvested restricted stocks and restricted stock units or of any right or privilege conferred by the Plan contrary
to the provisions hereof, or upon the sale, levy or any attachment or similar process upon the rights and privileges conferred
by the Plan, such Options and unvested restricted stock and restricted stock units shall thereupon terminate and become null and
void.

 

    	 

    	 

    

 

8.
No Special Employment Rights. Neither the granting of the Option nor its exercise shall be construed to confer upon the
Grantee any right with respect to the continuation of his or her employment by the Company (or any subsidiary of the Company)
or interfere in any way with the right of the Company (or any subsidiary of the Company), subject to the terms of any separate
employment agreement to the contrary, at any time to terminate such employment or to increase or decrease the compensation of
the Grantee from the rate in existence as of the date hereof.

 

9.
Tax Consequences. (a) All tax consequences under any applicable law which may arise from the grant of this Option or the
exercise thereof, the sale or disposition of any Optioned Shares granted hereunder or issued upon exercise of this Option or from
any other action of the Grantee in connection with the foregoing shall be borne and paid solely by the Grantee, and the Grantee
shall indemnify the Company, and its Subsidiary Corporation and Affiliates, and shall hold them harmless against and from any
liability for any such tax or penalty, interest or indexation thereon. The Grantee agrees to, and undertakes to comply with, any
ruling, settlement, closing agreement or other similar agreement or arrangement with any tax authority in connection with the
foregoing which is approved by the Company. The Grantee is advised to consult with a tax advisor with respect to the tax consequences
of receiving or exercising this Option. The Company does not assume any responsibility to advise the Grantee on such matters,
which shall remain solely the responsibility of the Grantee.

 

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

 

10.
No Rights of Stockholder. The Grantee shall not be deemed for any purpose to be a stockholder of the Company with respect
to the Option except to the extent that the Option shall have been exercised with respect thereto and, in addition, a stock certificate
shall have been issued theretofore and delivered to the Grantee.

 

11.
Amendment. In addition to and subject to the terms and conditions of the Plan, the Board or a committee appointed by the
Board to administer the Plan (the “Committee”), whichever shall then have authority to administer the Plan, may amend
this Agreement with the consent of the Grantee when and subject to such conditions as are deemed to be in the best interests of
the Company and in accordance with the purposes of the Plan.

 

12.
Notices. Any communication or notice required or permitted to be given hereunder shall be in writing, and, if to the Company,
to its principal place of business, attention: Secretary, and, if to the Grantee, to the address as appearing on the records of
the Company. Such communication or notice shall be deemed given if and when (a) properly addressed and posted by registered or
certified mail, postage prepaid, or (b) delivered by hand.

 

    	 

    	 

    

 

13.
Incorporation of Plan by Reference. The Option is granted pursuant to the terms of the Plan, the terms of which are incorporated
herein by reference, and the Option shall in all respects be interpreted in accordance with the Plan. In the event of any inconsistency
between the Plan and this Agreement, the Plan shall govern. The Board or the Committee, whichever shall then have authority to
administer the Plan, shall interpret and construe the Plan and this Agreement, and their interpretations and determinations shall
be conclusive and binding upon the parties hereto and any other person claiming an interest hereunder, with respect to any issue
arising hereunder or thereunder.

 

14.
Acknowledgement. The Grantee acknowledges receipt of the copy of the Plan attached hereto as Exhibit A.

 

15.
Governing Law. The validity, construction and interpretation of this Agreement shall be governed by and determined in accordance
with the laws of the State of New York.

 

[SIGNATURES
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IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of the date above written.

 

	 	OMNIA WELLNESS INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	GRANTEE:
	 	 	 
	 	 	 
	 	Name:
    	 

 

    	 

    	 

    

 

Exhibit
A

 

2020
Equity Incentive Plan

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