Document:

Exhibit 4.3

 

DOUBLEVERIFY HOLDINGS, INC.

2021 OMNIBUS EQUITY INCENTIVE PLAN

 

Article 1.           Establishment &
Purpose

 

1.1        Establishment.
DoubleVerify Holdings, Inc., a Delaware corporation (the “Company”), hereby establishes this 2021 Omnibus
Equity Incentive Plan, as may be amended from time to time (this “Plan”) as set forth herein.

 

1.2        Purpose
of this Plan. The purpose of this Plan is to attract, retain and motivate the employees, non-employee
directors and individual consultants of the Company and its Subsidiaries and Affiliates and to promote the success of the Company’s
business by providing them with appropriate incentives and rewards through a proprietary interest in the long-term success of the Company
and/or compensation based on fulfilling certain performance goals.

 

Article 2.           Definitions

 

Capitalized terms used and
not otherwise defined herein shall have the meanings set forth below.

 

2.1        “Affiliate”
means, with respect to any Person, any other Person directly or indirectly controlling, controlled by or under common control with, such
Person where “control” shall have the meaning given such term under Rule 405 of the Securities Act.

 

2.2        “Award”
means any Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit or Other Stock-Based Award that is granted under this
Plan.

 

2.3        “Award
Agreement” means any written agreement, contract or other instrument or document evidencing an Award, including through
an electronic medium. The Committee may provide for the use of electronic, internet or other non-paper Award Agreements, and the use of
electronic, internet or other non-paper means for the Participant’s acceptance of, or actions under, an Award Agreement unless otherwise
expressly specified herein.

 

2.4        “Base
Price” means the price per Share subject to a Stock Appreciation Right, as determined pursuant to Section 7.2
of this Plan.

 

2.5        “Board”
means the Board of Directors of the Company.

 

     

     

    

 

2.6        “Change
in Control” means the first to occur of any of the following events after the Effective Date:

 

(a)         the
consummation of any transaction (or series of related transactions) in which any Person (other than the Company, any Affiliate of the
Company, any employee benefit plan sponsored by the Company or any Affiliate of the Company or any Exempt Person) or more than one Person
acting as a “group” (as defined in Section 13(d) of the Exchange Act) (other than a group that includes an Exempt
Person) becomes the “beneficial owner” (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly,
of securities of the Company representing more than 50% of the total fair market value or total voting power of the then outstanding shares
of the Company ordinarily (and apart from the rights accruing under special circumstances) having the right to vote in the election of
directors (calculated as provided in Rule 13d-3(d) under the Exchange Act in the case of rights to acquire the Company’s
securities), other than in a transaction (or series of related transactions) approved by the Board, provided that no Change in Control
shall have occurred if, following the transaction, Exempt Persons collectively own 50% or more of either (i) the total fair market
value or (ii) total voting power of the outstanding shares of the Company;

 

(b)         the
direct or indirect sale, transfer or other disposition (in one or a series of transactions) of all or substantially all of the assets
of the Company and its Subsidiaries, taken as a whole, to any Person (other than an Affiliate of the Company or an Exempt Person) or more
than one Person acting as a group (other than a group that includes an Exempt Person); or

 

(c)         if
the Company has a class of securities registered pursuant to Section 12 of the Exchange Act within any 12-month period, the individuals
who were members of the Board at the beginning of such period (the “Incumbent Directors”) shall cease to constitute
at least a majority of the Board, provided that any director elected or nominated for election to the Board by an Exempt Person or a majority
of the Incumbent Directors still in office shall be deemed to be an Incumbent Director for purpose of this clause (c);

 

in each case, provided that, as to Awards subject
to Section 409A of the Code the payment or settlement of which will occur by reason of the Change in Control, such event also constitutes
a “change in control” within the meaning of Section 409A of the Code. In addition, notwithstanding the foregoing, a “Change
in Control” shall not be deemed to occur (i) if the Company files for bankruptcy, liquidation or reorganization under the United
States Bankruptcy Code or as a result of any restructuring that occurs as a result of any such proceeding, (ii) as a result of a
transaction, the sole purpose of which is to change the jurisdiction of the Company’s incorporation, (iii) as a result of a
transaction, the sole purpose of which is to create a holding company that will be owned in substantially the same proportions by the
persons who held the Company’s securities immediately before such transaction.

 

2.7        “Code”
means the U.S. Internal Revenue Code of 1986, as amended from time to time.

 

    2 

     

    

 

2.8        “Committee”
means the Compensation Committee of the Board, or any committee thereof designated by the Board to administer this Plan in accordance
with Article 3 of this Plan.

 

2.9        “Consultant”
means any Person who is engaged by the Company or any Subsidiary or Affiliate to render consulting or advisory services and is compensated
for such services. Notwithstanding the foregoing, a person is treated as a Consultant under this Plan only if a Form S-8 Registration
Statement under the Securities Act is available to register either the offer or the sale of the Company’s securities to such person.

 

2.10      “Director”
means a member of the Board who is not an Employee.

 

2.11      “Dividend
Equivalent” shall mean the right to receive payments, in cash or in Shares, based on dividends paid with respect to Shares.

 

2.12      “Effective
Date” has the meaning set forth in Section 15.21.

 

2.13      “Eligible
Person” means an Employee, Director or Consultant of the Company or any Subsidiary or Affiliate.

 

2.14      “Employee”
means an officer or other employee of the Company or any Subsidiary or Affiliate, including a member of the Board who is such an employee.

 

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

 

2.16      “Exempt
Person” means Providence Equity Partners L.L.C, Providence VII U.S. Holdings L.P. and any of their respective Affiliates.

 

2.17      “Fair
Market Value” means, as of any day, with respect to the Shares:

 

(a)         if
the Shares are listed on a stock exchange, a national market system or an automated quotation system or traded in an established over-the-counter
market, the closing price per Share on the preceding day on such exchange, system or market, or if no trades were made on such date, the
immediately preceding day on which trades were made; or

 

(b)         in
the absence of a market for the Shares as described in clause (a), the fair value per Share as determined in good faith by the Committee.

 

2.18      “Incentive
Stock Option” means an Option intended to meet the requirements of an incentive stock option as defined in Section 422
of the Code and designated as an Incentive Stock Option in accordance with Article 6 of this Plan.

 

2.19      “Non-US
Awards” has the meaning set forth in Section 3.4.

 

    3 

     

    

 

2.20            “Nonqualified
Stock Option” means an Option that is not an Incentive Stock Option.

 

2.21            “Option”
means any Option granted from time to time under Section 5.2 of this Plan.

 

2.22            “Option
Price” means the purchase price per Share subject to an Option, as determined pursuant to Section 6.2 of this
Plan.

 

2.23            “Other
Stock-Based Award” means any Award granted under Article 9 of this Plan.

 

2.24            “Participant”
means any Eligible Person as set forth in Section 4.1 to whom an Award is granted.

 

2.25            “Performance
Criteria” means the one or more criteria that the Committee will select for purposes of establishing the Performance Goals
for a Performance Period. The Performance Criteria that will be used to establish such Performance Goals may be based on any one of, or
combination of, the following as determined by the Board: earnings (including earnings per share and net earnings); earnings before interest,
taxes and depreciation; earnings before interest, taxes, depreciation and amortization; total stockholder return; return on equity or
average stockholder’s equity; return on assets, investment, or capital employed; stock price; margin (including gross margin); income
(before or after taxes); operating income; operating income after taxes; pre-tax profit; operating cash flow; sales or revenue
targets; increases in revenue or product revenue; expenses and cost reduction goals; improvement in or attainment of working capital levels;
economic value added (or an equivalent metric); market share; cash flow; cash flow per share; share price performance; debt reduction;
customer satisfaction; stockholders’ equity; capital expenditures; debt levels; operating profit or net operating profit; workforce
diversity; growth of net income or operating income; billings; financing; regulatory milestones; stockholder liquidity; corporate governance
and compliance; intellectual property; personnel matters; progress of internal research; progress of partnered programs; partner satisfaction;
budget management; partner or collaborator achievements; internal controls, including those related to the Sarbanes-Oxley Act of 2002;
investor relations, analysts and communication; implementation or completion of projects or processes; employee retention; number of users,
including unique users; strategic partnerships or transactions (including in-licensing and out-licensing of intellectual
property); establishing relationships with respect to the marketing, distribution and sale of the Company’s products; supply chain
achievements; co-development, co-marketing, profit sharing, joint venture or other similar arrangements; individual performance
goals; corporate development and planning goals; and any other measures of performance selected by the Board or Committee in its sole
discretion.

 

    4 

     

    

 

2.26            “Performance
Goals” shall mean, for a Performance Period, one or more goals established in writing by the Committee for the Performance
Period based upon one or more Performance Criteria. Depending on the Performance Criteria used to establish such Performance Goals, the
Performance Goals may be expressed in terms of overall Company performance or the performance of a Subsidiary, division, business unit,
or an individual.

 

2.27            “Performance
Period” shall mean one or more periods of time, which may be of varying and overlapping durations, as the Committee may
select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant's right
to, vesting of, and/or the payment in respect of, an Award.

 

2.28            “Permanent
Disability” has the meaning set forth below, except with respect to any Participant who is engaged by the Company or one
of its Affiliates pursuant to an effective written employment or similar agreement in which there is a definition of “Permanent
Disability” or an equivalent term, in which event the definition of “Permanent Disability” as set forth in such employment
or similar agreement shall be deemed to be the definition of “Permanent Disability” herein solely for such Participant and
only for so long as such employment agreement remains effective. In all other events, the term “Permanent Disability” means:
a determination by independent competent medical authority (selected by the Board) that the Participant is unable to perform the Participant’s
duties, and in all reasonable medical likelihood such inability shall continue for a consecutive period of 90 days or for a period in
excess of 120 days in any 365-day period.

 

2.29            “Person”
means any natural person, sole proprietorship, general partnership, limited partnership, limited liability company, joint venture, trust,
unincorporated organization, association, corporation, governmental authority, or any other organization, irrespective of whether it is
a legal entity and includes any successor (by merger or otherwise) of such entity.

 

2.30            “Restricted
Stock” means any Award of Restricted Stock granted under Article 8 of this Plan.

 

2.31            “Restricted
Stock Unit” means any Award of Restricted Stock Units granted under Article 8 of this Plan.

 

2.32            “Restriction
Period” means the period during which Restricted Stock awarded under Article 8 of this Plan is restricted.

 

2.33            “Section 409A”
means Section 409A of the Code together with all regulations, guidance, compliance programs and other interpretative authority thereunder.

 

    5 

     

    

 

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

 

2.35            “Service”
means service as an Employee, Consultant or Director.

 

2.36            “Share”
means a share of common stock of the Company, par value $0.001 per share, or such other class or kind of shares or other securities resulting
from the application of Article 13 of this Plan.

 

2.37            “Share
Reserve” has the meaning set forth in Section 5.1.

 

2.38            “Stock
Appreciation Right” means any right granted under Article 7 of this Plan.

 

2.39            “Sub-Plan”
has the meaning set forth in Section 3.4.

 

2.40            “Subsidiary”
means any entity that is directly or indirectly controlled by the Company or any entity in which the Company directly or indirectly has
at least a 50% equity interest.

 

2.41            “Ten-Percent
Shareholder” means a person who on any given date owns, either directly or indirectly (taking into account the attribution
rules contained in 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 a Subsidiary or Affiliate.

 

    6 

     

    

 

Article 3.           Administration

 

3.1       Authority
of the Committee. This Plan shall be administered by the Committee. It is intended that the Committee
will satisfy any requirements applicable to qualify for an exemption available under Rule 16b-3 promulgated under the Exchange Act
and any other regulatory or administrative requirements that may be applicable with respect to Awards granted hereunder. The Committee
shall have all powers and discretion necessary or appropriate to administer the Plan and to control its operation, including, but not
limited to, the power to (a) determine the Eligible Persons to whom Awards shall be granted under the Plan and the types of Awards
to be granted, (b) determine the Fair Market Value, (c) prescribe the restrictions, terms and conditions of all Awards (including
the number of Shares to which an Award will relate and the vesting conditions and any Performance Goals applicable thereto), and approve
forms of agreements for use under the Plan, which need not be uniform for all Participants, (d) interpret the Plan and terms of the
Awards, (e) adopt rules for the administration, interpretation and application of the Plan as are consistent therewith, and
interpret, amend or revoke any such rules, (f) make all determinations with respect to a Participant’s Service and the termination
of such Service, and the achievement of Performance Goals for purposes of any Award, (g) correct any defect(s) or omission(s) or
reconcile any ambiguity(ies) or inconsistency(ies) in the Plan or any Award thereunder, (h)  decide all disputes arising in
connection with the Plan and to otherwise supervise the administration of the Plan, (i) subject to the terms of the Plan, amend the
terms of an Award in any manner that is not inconsistent with the Plan, (j) suspend, accelerate the vesting or, to the extent applicable,
exercisability of any Award at any time (including, but not limited to, upon a Change in Control or upon termination of Service under
certain circumstances, as set forth in the Award Agreement or otherwise) or waive the forfeiture or other restrictions applicable to an
Award, (k) determine whether, to what extent, and pursuant to what circumstances an Award may be settled in, or the exercise or purchase
price of an Award may be paid in, cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited or surrendered,
(l) adopt such procedures and subplans as are necessary or appropriate to permit participation in the Plan by Eligible Persons who
are not United States nationals or who provide Services outside of the United States and (m) make all other decisions and determinations
that may be required pursuant to the Plan or as the Committee deems necessary or advisable to administer the Plan. The Committee’s
determinations under the Plan need not be uniform and may be made by the Committee selectively among Participants and Eligible Persons,
whether or not such persons are similarly situated. The Committee shall, in its discretion, consider such factors as it deems relevant
in making its interpretations, determinations and actions under the Plan, including, without limitation, the recommendations or advice
of any officer or employee of the Company or such attorneys, consultants, accountants or other advisors as it may select. All interpretations,
determinations and actions by the Committee shall be final, conclusive and binding upon all parties.

 

3.2       Delegation.
The Committee may delegate, subject to such terms or conditions or guidelines as it shall determine, to any officer or group of officers,
or Director or group of Directors of the Company or its Affiliates any portion of its authority and powers under the Plan with respect
to Participants who are not executive officers subject to the reporting requirements under Section 16(a) of the Exchange Act
or Directors; provided that any delegation to one or more officers of the Company shall be subject to and comply with applicable law.

 

3.3       Expenses,
Professional Assistance, No Liability. All expenses and liabilities incurred by the Committee
in connection with the administration of the Plan shall be borne by the Company. The Committee may elect to engage the services of attorneys,
consultants, accountants or other persons. The Committee, the Company and its officers and Directors shall be entitled to rely upon the
advice, opinions or valuations of any such persons. The Committee (and its members) shall not be personally liable for any action, determination
or interpretation made with respect to the Plan or the Awards, and the Committee (and its members) shall be fully protected by the Company
with respect to any such action, determination or interpretation.

 

    7 

     

    

 

3.4       Participants
Based Outside the United States. To conform with the provisions of local laws and regulations,
or with local compensation practices and policies, in foreign countries in which the Company or any of its Affiliates operate, but subject
to the limitations set forth herein regarding the maximum number of Shares issuable hereunder, the Committee may (i) modify the terms
and conditions of Awards granted to Employees and Consultants employed or engaged outside the United States (“Non-U.S. Awards”),
(ii) establish sub-plans with such modifications as may be necessary or advisable under the circumstances (“Sub-Plans”)
and (iii) take any action which it deems advisable to obtain, comply with or otherwise reflect any necessary governmental regulatory
procedures, exemptions or approvals with respect to the Plan. The Committee’s decision to grant Non-U.S. Awards or to establish
Sub-Plans is entirely voluntary, and at the complete discretion of the Committee. The Committee may amend, modify or terminate any Sub-Plans
at any time, and such amendment, modification or termination may be made without prior notice to the Participants. The Company, its Affiliates
and members of the Committee shall not incur any liability of any kind to any Participant as a result of any change, amendment or termination
of any Sub-Plan at any time. The benefits and rights provided under any Sub-Plan or by any Non-U.S. Award (x) are wholly discretionary
and, although provided by either the Company or an Affiliate, do not constitute regular or periodic payments and (y) except as otherwise
required under applicable laws, are not to be considered part of the Participant’s salary or compensation under the Participant’s
employment with the Participant’s local employer for purposes of calculating any severance, resignation, redundancy or other end
of service payments, vacation, bonuses, long-term service awards, indemnification, pension or retirement benefits, or any other payments,
benefits or rights of any kind. If a Sub-Plan is terminated, the Committee may direct the payment of Non-U.S. Awards (or direct the deferral
of payments whose amount shall be determined) prior to the dates on which payments would otherwise have been made, and determine if such
payments may be made in a lump sum or in installments.

 

Article 4.           Eligibility
and Participation

 

4.1       Eligibility.
Participants will consist of such Eligible Persons as the Committee in its sole discretion determines and whom the Committee may designate
from time to time to receive Awards under this Plan. Designation of a Participant in any year shall not require the Committee to designate
such person to receive an Award in any other year or, once designated, to receive the same type or amount of Award as granted to the Participant
in any other year.

 

4.2       Type
of Awards. Awards under this Plan may be granted in any one or a combination of: (a) Options;
(b) Stock Appreciation Rights; (c) Restricted Stock; (d) Restricted Stock Units and (e) Other Stock-Based Awards.
Awards granted under this Plan shall be evidenced by Award Agreements (which need not be identical) that provide additional terms and
conditions associated with such Awards, including, without limitation restrictive covenants, as determined by the Committee in its sole
discretion; provided, however, that in the event of any conflict between the provisions of this Plan and any such Award
Agreement, the provisions of this Plan shall prevail, except as expressly provided otherwise in any such Award Agreement.

 

    8 

     

    

 

Article 5.           Shares
Subject to this Plan; Maximum Awards

 

5.1        Number
of Shares Available for Awards.

 

(a)         Shares.
Subject to adjustment as provided in this Article 5 and Article 13 of the Plan, the maximum number of Shares available
for issuance to Participants pursuant to Awards under the Plan (the “Share Reserve”) shall be thirty million
(30,000,000), all of which may be issued in the form of Incentive Stock Options under the Plan. The Shares available for issuance under
the Plan may consist, in whole or in part, of authorized and unissued Shares or treasury Shares. No provision of this Plan shall be construed
to require the Company to maintain the Shares in certificated form.

 

(b)        Additional
Shares; Offset under 2017 Equity Plan. In the event that any outstanding Award or portion thereof expires or is forfeited, cancelled,
cash-settled, or otherwise terminated without the issuance of Shares, the Shares subject to such Award, to the extent of any such forfeiture,
cancellation, expiration, termination or settlement, shall again be available for Awards under this Plan. Any Shares tendered to or withheld
by the Company as part or full payment for the purchase price, Option Price or Base Price of an Award or to satisfy all or part of the
Company’s tax withholding obligation with respect to an Award shall again be available for Awards. If the Committee authorizes the
assumption under this Plan, in connection with any merger, consolidation, acquisition of property or stock, or reorganization, of awards
granted under another plan, such assumption shall not reduce the maximum number of Shares available for issuance under this Plan. If the
Committee authorizes any awards under the Pixel Group Holdings Inc. 2017 Omnibus Equity Incentive Plan after the Effective Date, the Shares
subject to such awards shall reduce the number of Shares available for Awards under this Plan.

 

(c)         Automatic
Increase in Share Reserve. The Share Reserve shall be increased on the first day of each calendar year beginning January 1, 2022
and ending on and including January 1, 2031, equal to the lesser of (i) five percent (5.00%) of the aggregate number of Shares
outstanding on the final day of the immediately preceding calendar year and (B) such smaller number of Shares as is determined by
the Committee.

 

5.2        Limitation
on Non-Employee Director Awards. The sum of any cash compensation, or other compensation,
and the value (determined as of the grant date in accordance with Financial Accounting Standards Board Accounting Standards
Codification Topic 718, or any successor thereto) of Awards granted to a Director as compensation for services as a Director during
any fiscal year of the Company may not exceed $750,000, increased to
$1,000,000 in respect of a Director’s initial service as Director. . The Committee may make exceptions to these
limits for individual Directors in extraordinary circumstances, as the Committee may determine in its discretion.
1

 

 

1 Director compensation limits to be determined.

 

    9 

     

    

 

Article 6.            Options

 

6.1        Grant
of Options. The Committee is hereby authorized to grant Options to Participants. Each Option
shall permit a Participant to purchase from the Company a stated number of Shares at an Option Price established by the Committee, subject
to the terms and conditions described in this Article 6 and to such additional terms and conditions, as established by the
Committee, in its sole discretion, that are consistent with the provisions of the Plan. Options shall be designated as either Incentive
Stock Options or Nonqualified Stock Options; provided, that Options granted to Non-U.S. Persons, Consultants and Directors shall
be Nonqualified Stock Options. An Option granted as an Incentive Stock Option shall, to the extent it fails to qualify under the Code
as an Incentive Stock Option, be treated as a Nonqualified Stock Option. None of the Committee, the Company, any of its Subsidiaries or
Affiliates or any of their employees or representatives shall be liable to any Participant or to any other Person if it is determined
that an Option intended to be an Incentive Stock Option does not qualify under the Code as an Incentive Stock Option. Each Option shall
be evidenced by an Award Agreement that shall state the number of Shares covered by such Option. Such Award Agreement shall conform to
the requirements of the Plan and may contain such other provisions as the Committee shall deem advisable.

 

6.2        Option
Price. The Option Price shall be determined by the Committee at the time of grant, but shall
not be less than 100% of the Fair Market Value of a Share on the date of grant. In the case of any Incentive Stock Option granted to a
Ten-Percent Shareholder, the Option Price shall not be less than 110% of the Fair Market Value of a Share on the date of grant.

 

6.3        Option
Term. The term of each Option shall be determined by the Committee at the time of grant and shall
be stated in the Award Agreement, but in no event shall such term be greater than ten years (or, in the case on an Incentive Stock Option
granted to a Ten-Percent Shareholder, five years).

 

6.4        Time
of Exercise. Options granted under this Article 6 shall be exercisable at such times
and be subject to such restrictions and conditions as the Committee shall in each instance approve as set forth in each Award Agreement,
which terms and restrictions need not be the same for each grant or for each Participant.

 

    10 

     

    

 

6.5        Method
of Exercise. Except as otherwise provided in the Plan or in an Award Agreement, an Option may
be exercised for all, or from time to time any part, of the Shares for which it is then exercisable subject to such administrative procedures
as the Committee shall from time to time specify. The aggregate Option Price for the Shares as to which an Option is exercised shall be
paid to the Company in full at the time of exercise: (a) in cash or its equivalent (e.g., by cashier’s check); (b) to
the extent permitted by the Committee, in Shares (whether or not previously owned by the Participant) having a Fair Market Value equal
to the aggregate Option Price for the Shares being purchased and satisfying such other requirements as may be imposed by the Committee;
(c) partly in cash and, to the extent permitted by the Committee, partly in such Shares (as described in (b) above); (d) to
the extent permitted by the Committee, by reducing the number of Shares otherwise deliverable upon the exercise of the Option by the number
of Shares having a Fair Market Value equal to the Option Price, net of withholding; or (e) if there is a public market for the Shares
at such time, subject to such requirements as may be imposed by the Committee, through the delivery of irrevocable instructions to a broker
to sell Shares obtained upon the exercise of the Option and to deliver promptly to the Company an amount out of the proceeds of such sale
equal to the aggregate Option Price for the Shares being purchased. The Committee may prescribe any other method of payment that it determines
to be consistent with applicable law and the purpose of the Plan.

 

6.6        Limitations
on Incentive Stock Options. Incentive Stock Options may be granted only to employees of the Company
or of a “parent corporation” or “subsidiary corporation” (as such terms are defined in Section 424 of the
Code) at the date of grant. The aggregate Fair Market Value (generally determined as of the time the Option is granted) of the Shares
with respect to which Incentive Stock Options are exercisable for the first time by a Participant during any calendar year under all plans
of the Company and of any “parent corporation” or “subsidiary corporation” shall not exceed $100,000 or the Option
shall be treated as a Nonqualified Stock Option, but only to the extent of that portion of the Option in excess of the limit. For purposes
of the preceding sentence, unless otherwise designated by the Company, Incentive Stock Options will be taken into account in the
order in which they are granted. Each provision of the Plan and each Award Agreement relating to an Incentive Stock Option shall be construed
so that each Incentive Stock Option shall be an incentive stock option as defined in Section 422 of the Code, and any provisions
of the Award Agreement thereof that cannot be so construed shall be disregarded.

 

Article 7.           Stock
Appreciation Rights

 

7.1        Grant
of Stock Appreciation Rights. The Committee is hereby authorized to grant Stock Appreciation
Rights to Participants. Stock Appreciation Rights shall be evidenced by Award Agreements that shall conform to the requirements of the
Plan and may contain such other provisions as the Committee shall deem advisable. Subject to the terms of the Plan and any applicable
Award Agreement, a Stock Appreciation Right granted under the Plan shall confer on the holder thereof a right to receive, upon exercise
thereof, the excess of: (a) the Fair Market Value of a specified number of Shares on the date of exercise over (b) the Base
Price of the right as specified by the Committee on the date of the grant. Such payment may be in the form of cash, Shares, other property
or any combination thereof, as the Committee shall determine in its sole discretion.

 

    11 

     

    

 

7.2        Terms
of Stock Appreciation Right. Each Stock Appreciation Right grant shall be evidenced by an Award
Agreement that shall state the Base Price (which shall not be less than 100% of the Fair Market Value of a Share on the date of grant),
term, methods of exercise, methods of settlement and such other provisions as the Committee shall determine. No Stock Appreciation Right
shall have a term of more than ten years from the date of grant.

 

Article 8.           Restricted
Stock and Restricted Stock Units

 

8.1        Grant
of Restricted Stock and Restricted Stock Units. The Committee is hereby authorized to grant Restricted
Stock and Restricted Stock Units to Participants. An Award of Restricted Stock is a grant by the Committee of a specified number of Shares
to the Participant, which Shares are subject to forfeiture upon the occurrence of specified events. An Award of Restricted Stock Units
is a grant by the Company representing the right to receive, upon vesting, a specified number of Shares or the Fair Market Value of a
specified number of Shares. Restricted Stock and Restricted Stock Units shall be evidenced by an Award Agreement, which shall conform
to the requirements of the Plan and may contain such other provisions as the Committee shall deem advisable.

 

8.2        Terms
of Restricted Stock Awards. Each Award Agreement evidencing a Restricted Stock grant shall specify:
the Restriction Period(s); the number of Shares of Restricted Stock subject to the Award; the purchase price, if any, of the Restricted
Stock; the Service or other conditions (including the termination of a Participant’s Service whether due to death, Permanent Disability
or other reason) under which the Restricted Stock may be forfeited to the Company; and such other provisions as the Committee shall determine.
Any Restricted Stock granted under the Plan shall be evidenced in such manner as the Committee may deem appropriate, including book-entry
registration or issuance of a stock certificate or certificates (in which case, 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 Company, to be held in escrow during the Restriction Period). At the end of the
Restriction Period, the restrictions imposed hereunder and under the Award Agreement shall lapse with respect to the number of Shares
of Restricted Stock as determined by the Committee, and the legend required by this Section 8.2 shall be removed and such
number of Shares delivered to the Participant (or, where appropriate, the Participant’s legal representative).

 

    12 

     

    

 

8.3        Terms
of Restricted Stock Units. Each Award Agreement evidencing a Restricted Stock Unit grant shall
specify: the vesting schedule; the number of Shares subject to the Award; the Service or other conditions (including the termination of
a Participant’s Service whether due to death, Permanent Disability or other reason) under which the Restricted Stock Units may be
forfeited; and such other provisions as the Committee shall determine. Any Restricted Stock Units granted under the Plan shall be evidenced
by an Award Agreement.

 

8.4        Voting
and Dividend Rights. The Committee shall determine and set forth in a Participant’s Award
Agreement whether or not a Participant holding Restricted Stock granted hereunder shall (a) have the right to exercise voting rights
with respect to the Restricted Stock during the Restriction Period (the Committee may require a Participant to grant an irrevocable proxy
and power of substitution) and/or (b) have the right to receive dividends on the Restricted Stock during the Restriction Period (and,
if so, on what terms). A Participant shall not be, nor have any of the rights or privileges of, a stockholder in respect of Restricted
Stock Units awarded pursuant to the Plan unless and until the Shares attributable to such Restricted Stock Units have been issued to such
Participant. Notwithstanding the foregoing, Restricted Stock Units awarded pursuant to the Plan may receive Dividend Equivalents pursuant
to Article 10, if specified in the applicable Award Agreement.

 

8.5        Section 83(b) Election.
If a Participant makes an election pursuant to Section 83(b) of the Code in respect of an Award of Restricted Stock, the Participant
shall be required to file promptly a copy of such election with the Company.

 

Article 9.            Other
Stock-Based Awards

 

The Committee, in its sole
discretion, may grant Awards of Shares and Awards that are valued, in whole or in part, by reference to, or are otherwise based on the
Fair Market Value of Shares, including without limitation, grants of fully vested Shares and phantom equity awards not otherwise described
by the terms of the Plan. Such Other Stock-Based Awards shall be in such form, and dependent on such conditions, as the Committee shall
determine, including, without limitation, the right to receive one or more Shares (or the equivalent cash value of such Shares) upon the
completion of a specified period of Service, the occurrence of an event, and/or the attainment of one or more Performance Goals. Subject
to the provisions of the Plan, the Committee shall determine to whom and when Other Stock-Based Awards will be made; the number of Shares
to be awarded under (or otherwise related to) such Other Stock-Based Awards; whether such Other Stock-Based Awards shall be settled in
cash, Shares or a combination; and all other terms and conditions of such Awards (including, without limitation, the vesting provisions
thereof and provisions ensuring that all Shares so awarded and issued shall be fully paid and non-assessable). Each Other Stock-Based
Award grant shall be evidenced by an Award Agreement, which shall conform to the requirements of the Plan.

 

    13 

     

    

 

Article 10.         Dividend
Equivalents

 

Dividend Equivalents may be
granted to Participants at such time or times as shall be determined by the Committee. Dividend Equivalents may be granted in tandem with
other Awards, in addition to other Awards, or freestanding and unrelated to other Awards. Notwithstanding the terms of this Article 10,
no Dividend Equivalents shall be granted with respect to Options or Stock Appreciation Rights. The grant date of any Dividend Equivalents
under the Plan will be the date on which the Dividend Equivalent is awarded by the Committee, or such other date permitted by applicable
laws as the Committee shall determine. Dividend Equivalents may, at the discretion of the Committee, be fully vested and nonforfeitable
when granted or subject to such vesting conditions as determined by the Committee; provided, that, unless the Committee shall specify
otherwise in an Award Agreement, Dividend Equivalents with respect to Awards shall not be fully vested until the Awards have been earned
and shall be forfeited if the related Award is forfeited. Dividend Equivalents shall be evidenced in writing, whether as part of the Award
Agreement governing the terms of the Award, if any, to which such Dividend Equivalent relates, or pursuant to a separate Award Agreement
with respect to freestanding Dividend Equivalents, which in each case shall conform to the requirements of the Plan.

 

Article 11.         Performance
Goals.

 

11.1     General.
The Committee shall have the authority to determine that payment or vesting of an Award granted pursuant to this Plan shall, in addition
to Service-based or other vesting conditions, be conditioned on the achievement of one or more Performance Goals based on such Performance
Criteria as the Committee shall select. The Committee shall determine the duration of each Performance Period corresponding to a Performance
Goal (the duration of Performance Period may differ from one another), and there may be more than one Performance Period in existence
at any one time.

 

11.2     Establishment
of Performance Goals. If an Award is subject to one or more Performance Goals, the Committee
shall establish the Performance Goal or Performance Goals that must be satisfied in order for a Participant to receive an Award for a
Performance Period or for an Award to be earned or vested. The Committee may provide for a threshold level of performance below which
no portion of an Award will be paid or earned and a maximum level of performance above which no additional portion of an Award will be
paid or earned under the Plan, and it may provide for the payment of differing amounts of payment or vesting for different levels of performance.
Performance Goals may be established on a Company-wide basis, with respect to one or more business units, divisions, Subsidiaries or products
or based on individual performance measures, and may be expressed in absolute terms or relative to other metrics including internal targets
or budgets, past performance of the Company, the performance of one or more similarly situated companies, performance of an index, outstanding
equity or other external measures. In the case of earning-based measures, performance goals may include comparisons relating to capital
(including but limited to, the cost of capital), shareholders’ equity, shares outstanding, assets or net assets, or any combination
thereof. Performance Goals may also be subject to such other terms and conditions as the Committee may determine appropriate. The Committee
may also adjust the Performance Goals for any Performance Period as it deems equitable in recognition of unusual or non-recurring events
affecting the Company; changes in applicable tax laws or accounting principles; other material extraordinary events such as restructurings;
discontinued operations; asset write-downs; significant litigation or claims, judgments or settlements; acquisitions or divestitures;
reorganizations or changes in the corporate structure or capital structure of the Company; foreign exchange gains and losses; change in
the fiscal year of the Company; business interruption events; unbudgeted capital expenditures; unrealized investment gains and losses;
and impairments or such other factors as the Committee may determine.

 

    14 

     

    

 

11.3     Determinations
Related to Performance Goals. As soon as practicable following the end of a Performance Period
and prior to any payment or vesting in respect of such Performance Period, the Committee shall determine whether the Performance Goal
or Goals applicable to an Award have been satisfied and whether and to what extent such Award has been earned, vested or forfeited.

 

Article 12.         Compliance
with Section 409A of the Code

 

12.1     General.
The Company intends that the Plan and all Awards be construed to avoid the imposition of additional taxes, interest and penalties pursuant
to Section 409A. Notwithstanding the Company’s intention, in the event any Award is subject to such additional taxes, interest
or penalties pursuant to Section 409A, the Committee may, in its sole discretion and without a Participant’s prior consent,
amend the Plan and/or Awards, adopt policies and procedures or take any other actions (including amendments, policies, procedures and
actions with retroactive effect) as are necessary or appropriate to (a) exempt the Plan and/or any Award from the application of
Section 409A, (b) preserve the intended tax treatment of any such Award or (c) comply with the requirements of Section 409A,
including, without limitation, any such regulations, guidance, compliance programs and other interpretative authority that may be issued
after the date of the grant. In no event shall the Company or any of its Subsidiaries or Affiliates be liable for any additional tax,
interest or penalties that may be imposed on a Participant under Section 409A or for any damages for failing to comply with Section 409A.

 

12.2     Payments
to Specified Employees. Notwithstanding any contrary provision in the Plan or Award Agreement,
any payments of nonqualified deferred compensation (within the meaning of Section 409A) that are otherwise required to be made under
the Plan to a “specified employee” (as defined under Section 409A) as a result of his or her separation from service
(other than a payment that is not subject to Section 409A) shall be delayed for the first six months following such separation from
service (or, if earlier, until the date of death of the specified employee) and shall instead be paid (in a manner set forth in the Award
Agreement) on the day that immediately follows the end of such six-month period or as soon as administratively practicable thereafter.
Any remaining payments of nonqualified deferred compensation shall be paid without delay and at the time or times such payments are otherwise
scheduled to be made.

 

    15 

     

    

 

12.3     Separation
from Service. A termination of Service shall not be deemed to have occurred for purposes of any
provision of the Plan or any Award Agreement providing for the payment of any amounts or benefits that are considered nonqualified deferred
compensation under Section 409A upon or following a termination of Service unless such termination is also a “separation from
service” within the meaning of Section 409A and the payment thereof prior to a “separation from service” would
violate Section 409A. For purposes of any such provision of the Plan or any Award Agreement relating to any such payments or benefits,
references to a “termination,” “termination of employment,” “termination of service” or like term
shall mean “separation from service.”

 

Article 13.         Adjustments

 

13.1     Adjustments
in Authorized Shares. In the event of any corporate event or transaction involving the Company,
a Subsidiary or an Affiliate (including, but not limited to, a change in the Shares of the Company or the capitalization of the Company),
such as a merger, consolidation, reorganization, recapitalization, separation, stock dividend, stock split, reverse stock split, split-up,
spin-off, combination of Shares, exchange of Shares, dividend in kind, extraordinary cash dividend, amalgamation or other like change
in capital structure (other than normal cash dividends to stockholders of the Company), or any similar corporate event or transaction,
the Committee, to prevent dilution or enlargement of Participants’ rights under the Plan, shall substitute or adjust, in its sole
discretion: the number and kind of Shares or other property that may be issued under the Plan (including, but not limited to, adjustments
of the limitations in Section 5.1 on the maximum number and kind of Shares that may be issued under the Plan) or under particular
forms of Awards; the number and kind of Shares or other property subject to outstanding Awards; the Option Price, Base Price or purchase
price applicable to outstanding Awards; and/or other value determinations (including Performance Goals or their underlying Performance
Criteria) applicable to the Plan or outstanding Awards. All adjustments shall be made in good-faith compliance with Section 409A.
For the avoidance of doubt, the purchase of Shares or other equity securities of the Company by a stockholder of the Company or any third
party from the Company shall not constitute a corporate event or transaction giving rise to an adjustment described in this Section 13.1.

 

    16 

     

    

 

13.2     Change
in Control. Upon the occurrence of a Change in Control after the Effective Date, unless otherwise
specifically prohibited under applicable laws or by the rules and regulations of any governing governmental agencies or national
securities exchanges, or unless the Committee shall specify otherwise in an Award Agreement, the Committee is authorized (but not obligated)
to make adjustments in the terms and conditions of outstanding Awards, including, without limitation, the following (or any combination
thereof), in its sole discretion: (a) continuation or assumption of such outstanding Awards under the Plan by the Company (if it
is the surviving company or corporation) or by the surviving company or corporation or its parent; (b) substitution by the surviving
company or corporation or its parent of equity, equity-based and/or cash awards with substantially the same terms for outstanding Awards
(excluding the consideration payable upon settlement of the Awards); (c) accelerated exercisability, vesting and/or lapse of restrictions
(including waiver of conditions related to Performance Goals) under outstanding Awards immediately prior to the occurrence of such event;
(d) upon written notice, provide that any outstanding Awards must be exercised, to the extent then exercisable, during a reasonable
period of time immediately prior to the scheduled consummation of the event or such other period as determined by the Committee (contingent
upon the consummation of the event), and at the end of such period, such Awards shall terminate to the extent not so exercised within
the relevant period; (e) cancellation of all or any portion of outstanding Awards for fair value (in the form of cash, Shares, other
property or any combination thereof) as determined in the sole discretion of the Committee and which value may be zero; provided,
that in the case of Options and Stock Appreciation Rights or similar Awards, the fair value may equal the excess, if any, of the value
of the consideration to be paid in the Change in Control transaction to holders of the same number of Shares subject to such Awards (or,
if no such consideration is paid, Fair Market Value of the Shares subject to such outstanding Awards or portion thereof being cancelled)
over the aggregate Option Price or Base Price, as applicable, with respect to such Awards or portion thereof being cancelled, or if no
such excess, zero; provided, further, that if any payments or other consideration are deferred and/or contingent as a result
of escrows, earnouts, holdbacks or any other contingencies, payments under this provision may be made on substantially the same terms
and conditions applicable to, and only to the extent actually paid to, the holders of Shares in connection with the Change in Control;
and (f) cancellation of all or any portion of outstanding unvested and/or unexercisable Awards for no consideration. In taking any
of the actions permitted under this Section 13.2, the Committee will not be obligated to treat all Awards, all Awards held
by a Participant, or all Awards of the same type, similarly.

 

13.3     Prohibition
Against Repricing. Except to the extent (i) approved in advance by holders of a majority
of the Shares entitled to vote generally in the election of directors or (ii) pursuant to Section 13.1 as a result of
any corporate event or pursuant to Section 13.2 in connection with a Change in Control, the Committee shall not have the power
or authority to reduce, whether through amendment or otherwise, the Option Price of any outstanding Option or Base Price of any outstanding
Stock Appreciation Right or to grant any new Award, or make any cash payment, in substitution for or upon the cancellation of Options
or Stock Appreciation Right previously granted and as to which the exercise price or Base Price thereof is in excess of the then-current
Fair Market Value of Share.

 

    17 

     

    

 

Article 14.         Duration;
Amendment, Modification, Suspension and Termination

 

14.1      Duration
of Plan. Unless sooner terminated as provided in Section 14.2, this Plan shall terminate
on the tenth (10th) anniversary of the Effective Date.

 

14.2      Amendment,
Modification, Suspension and Termination of Plan.

 

(a)         Subject
to the terms of this Plan, the Committee may amend, alter, suspend, discontinue or terminate this Plan or any portion thereof or any Award
(or Award Agreement) hereunder at any time, in its sole discretion; provided that without the approval of shareholders of the Company,
no amendment or modification to this Plan may (i) except as otherwise expressly provided in Article 13, increase
the number of Shares subject to the Plan or the individual Award limitations specified in Section 5.2; (ii) modify
the class of persons eligible for participation in the Plan or (iii) materially modify the Plan in any other way that would
require shareholder approval under applicable law provided, further, that no action taken by the Committee shall adversely
affect in any material respect any rights granted to any Participant under any outstanding Awards (other than pursuant to Article 12
or as the Committee deems necessary to comply with applicable law, including without limitation, the Dodd-Frank Wall Street Reform and
Consumer Protection Act) without the Participant’s written consent. No Award may be granted during any period of suspension or after
termination of the Plan, and in no event may any Award be granted under this Plan after the expiration of ten (10) years from the
Effective Date.

 

Article 15.         General
Provisions

 

15.1     No
Right to Service or Award. The granting of an Award under the Plan shall impose no obligation
on the Company, any Subsidiary or any Affiliate to continue the Service of a Participant and shall not lessen or affect any right that
the Company, any Subsidiary or any Affiliate may have to terminate the Service of such Participant. No Participant or other Person shall
have any claim to be granted any Award, and there is no obligation for uniformity of treatment of Participants, or holders or beneficiaries
of Awards. The terms and conditions of Awards and the Committee’s determinations and interpretations with respect thereto need not
be the same with respect to each Participant (whether or not such Participants are similarly situated).

 

15.2     Effect
of Plan upon Other Award and Compensation Plans. The adoption of this Plan shall not affect any
other compensation or incentive plans in effect for the Company or any of its Subsidiaries or Affiliates. Nothing in this Plan shall be
construed to limit the right of the Company or any of its Subsidiaries or Affiliates (a) to establish any other forms of incentives
or compensation for service providers or (b) to grant or assume equity or equity-based awards other than under this Plan in
connection with any proper corporate purpose, including, but not by way of limitation, the grant or assumption of equity or equity-based
awards in connection with the acquisition by purchase, lease, merger, consolidation or otherwise, of the business, stock or assets of
any corporation, firm or association.

 

    18 

     

    

 

15.3      Settlement
of Awards. Each Award Agreement shall establish the form in which the Award shall be settled.
The Committee shall determine whether cash, Awards, other securities or other property shall be issued or paid in lieu of fractional Shares
or whether such fractional Shares or any rights thereto shall be issued, rounded, forfeited, or otherwise eliminated.

 

15.4     Legal
Compliance. The Committee shall determine the methods by which Shares shall be delivered
or deemed to be delivered to Participants. Shares will not be issued pursuant to the exercise of an Award unless the Committee has determined
that the exercise of such Award and the issuance and delivery of such Shares will comply with applicable laws and may be further subject
to the approval of counsel for the Company with respect to such compliance. In addition to the terms and conditions provided herein, the
Company may require a Participant to make such reasonable covenants, agreements and representations as the Committee, in its sole discretion,
deems advisable in order to comply with applicable law.

 

15.5     Forfeiture
and Recoupment of Awards. Awards granted under this Plan (and gains earned or accrued in connection
with Awards) shall be subject to such generally applicable policies as to forfeiture and recoupment (including, without limitation, upon
the occurrence of material financial or accounting errors, financial or other misconduct or competitive activity) as may be adopted by
the Committee or the Board from time to time. Any such policies may (in the discretion of the Committee or the Board) be applied to outstanding
Awards at the time of adoption of such policies, or on a prospective basis only. Participants shall also forfeit and disgorge to the Company
any Awards granted or vested and any gains earned or accrued due to the exercise of Options or Stock Appreciation Rights or the sale of
any Shares to the extent required by applicable law or as required by any stock exchange or quotation system on which the Shares are listed
or quoted, in each case in effect on or after the Effective Date, including but not limited to Section 304 of the Sarbanes-Oxley
Act of 2002 and Section 10D of the Exchange Act. For the avoidance of doubt, the Committee shall have full authority to implement
any policies and procedures necessary to comply with applicable law and/or the requirements of any stock exchange or quotation system
on which the Shares are listed or quoted. The implementation of policies and procedures pursuant to this Section 15.5 and
any modification of the same shall not be subject to any restrictions on amendment or modification of Awards.

 

    19 

     

    

 

15.6     Tax
Withholding. The Company shall have the power and the right to deduct or withhold automatically
from any amount deliverable under the Award or otherwise, or require a Participant to remit to the Company, the minimum statutory amount
to satisfy federal, state and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable
event arising as a result of the Plan. The Committee, in its sole discretion, may permit Participants to satisfy the withholding requirement,
in whole or in part, by having the Company withhold Shares having a Fair Market Value equal to the maximum statutory total tax that could
be imposed in connection with any such taxable event, up to the amount that can be effected without adverse financial accounting consequences
to the Company.

 

15.7     No
Guarantees Regarding Tax Treatment. Participants (or their beneficiaries) shall be responsible
for all taxes with respect to any Awards under the Plan. The Committee and the Company make no guarantees to any Person regarding the
tax treatment of Awards or payments made under the Plan. Neither the Committee nor the Company has any obligation to take any action to
prevent the assessment of any tax on any Person with respect to any Award under Section 409A of the Code or Section 457A of
the Code or otherwise, and none of the Company, any of its Subsidiaries or Affiliates, or any of their employees or representatives shall
have any liability to a Participant with respect thereto.

 

15.8     Non-Transferability
of Awards. Unless otherwise determined by the Committee, an Award shall not be transferable or
assignable by the Participant except in the event of the Participant’s death (subject to the applicable laws of descent and distribution),
and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against
the Company and its Subsidiaries and Affiliates. No transfer shall be permitted for value or consideration. An award exercisable after
the death of a Participant may be exercised by the heirs, legatees, personal representatives or distributees of the Participant. Any permitted
transfer of the Awards to heirs, legatees, personal representatives or distributees of the Participant shall not be effective to bind
the Company unless the Committee shall have been furnished with written notice thereof and a copy of such evidence as the Committee may
deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions
hereof.

 

15.9     Conformity
to Securities Laws. The Plan is intended to conform to the extent necessary with all provisions
of the Securities Act and the Exchange Act and any and all regulations and rules promulgated under any of the foregoing, to the extent
the Company, any of its Subsidiaries or Affiliates or any Participant is subject to the provisions thereof. Notwithstanding anything herein
to the contrary, the Plan shall be administered, and Awards shall be granted and may be exercised, only in such a manner as to conform
to such laws, rules and regulations. To the extent permitted by applicable law, the Plan and Awards granted hereunder shall be deemed
amended to the extent necessary to conform to such laws, rules and regulations.

 

    20 

     

    

 

15.10     Awards
to Non-U.S. Eligible Persons. To comply with the laws in countries other than the United States
in which the Company or any Subsidiary or Affiliate operates or engages Eligible Persons, the Committee, in its sole discretion, shall
have the power and authority to: (a) determine which Subsidiaries or Affiliates shall be covered by the Plan; (b) determine
which Employees, Consultants and Directors outside the United States are eligible to participate in the Plan; (c) modify the terms
and conditions of any Award granted to Eligible Persons outside the United States to comply with applicable foreign laws; (d) take
any action, before or after an Award is made, that it deems advisable to obtain approval or comply with any necessary local government
regulatory exemptions or approvals; and (e) establish sub-plans and modify exercise procedures and other terms and procedures, to
the extent such actions may be necessary or advisable.

 

15.11     Data
Privacy. As a condition of receipt of any Award, each Participant explicitly and unambiguously
consents to the collection, use and transfer, in electronic or other form, of personal data as described in this Section 15.11
by and among, as applicable, the Company and its Affiliates and Subsidiaries for the exclusive purpose of implementing, administering
and managing the Participant's participation in the Plan. The Company and its Affiliates and Subsidiaries may hold certain personal information
about a Participant, including but not limited to, the Participant's name, home address and telephone number, date of birth, social security
or insurance number or other identification number, salary, nationality, job title(s), any shares of stock held in the Company or any
of its Affiliates or Subsidiaries, details of all Awards, in each case, for the purpose of implementing, managing and administering the
Plan and Awards (the “Data”). The Company and its Affiliates and Subsidiaries may transfer the Data amongst themselves
as necessary for the purpose of implementation, administration and management of a Participant's participation in the Plan, and the Company
and its Affiliates and Subsidiaries may each further transfer the Data to any third parties assisting the Company and its Affiliates and
Subsidiaries in the implementation, administration and management of the Plan. These recipients may be located in the Participant's country,
or elsewhere, and the Participant's country may have different data privacy laws and protections than the recipients' country. Through
acceptance of an Award, each Participant authorizes such recipients to receive, possess, use, retain and transfer the Data, in electronic
or other form, for the purposes of implementing, administering and managing the Participant's participation in the Plan, including any
requisite transfer of such Data as may be required to a broker or other third party with whom the Company or any of its Affiliates and
Subsidiaries or the Participant may elect to deposit any Shares. The Data related to a Participant will be held only as long as is necessary
to implement, administer, and manage the Participant's participation in the Plan. A Participant may, at any time, view the Data held by
the Company with respect to such Participant, request additional information about the storage and processing of the Data with respect
to such Participant, recommend any necessary corrections to the Data with respect to the Participant or refuse or withdraw the consents
herein in writing, in any case without cost, by contacting his or her local human resources representative. The Company may cancel the
Participant's ability to participate in the Plan and, in the Committee’s discretion, the Participant may forfeit any outstanding
Awards if the Participant refuses or withdraws his or her consents as described herein. For more information on the consequences of refusal
to consent or withdrawal of consent, Participants may contact their local human resources representative.

 

    21 

     

    

 

15.12     Paperless
Administration. In the event that the Company establishes, for itself or using the services of
a third party, an automated system for the documentation, granting or exercise of Awards, such as a system using an internet website or
interactive voice response, then the paperless documentation, granting or exercise of Awards by a Participant may be permitted through
the use of such an automated system.

 

15.13     Rights
as a Stockholder. Except as otherwise provided herein or in the applicable Award Agreement, a
Participant shall have none of the rights of a stockholder with respect to Shares covered by any Award until the Participant becomes the
record holder of such Shares.

 

15.14     Severability.
If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction, or as
to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall
be construed or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination
of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Person,
or Award, and the remainder of the Plan and any such Award shall remain in full force and effect.

 

15.15     Unfunded
Plan. Participants shall have no right, title or interest whatsoever in or to any investments
that the Company or any of its Subsidiaries or Affiliates may make to aid it in meeting its obligations under the Plan. Nothing contained
in the Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind, or a fiduciary
relationship between the Company and any Participant, beneficiary, legal representative, or any other Person. To the extent that any Person
acquires a right to receive payments from the Company under the Plan, such right shall be no greater than the right of an unsecured general
creditor of the Company. All payments to be made hereunder shall be paid from the general funds of the Company, and no special or separate
fund shall be established and no segregation of assets shall be made to assure payment of such amounts. The Plan is not subject to the
U.S. Employee Retirement Income Security Act of 1974, as amended from time to time.

 

    22 

     

    

 

15.16     No
Constraint on Corporate Action. Nothing in the Plan shall be construed to: (a) limit, impair
or otherwise affect the Company’s right or power to make adjustments, reclassifications, reorganizations or changes of or to its
capital or business structure or to merge or consolidate, or dissolve, liquidate, sell or transfer all or any part of its business or
assets; or (b) limit the right or power of the Company to take any action that it deems to be necessary or appropriate.

 

15.17     Notices.
Except as provided otherwise in an Award Agreement, all notices and other communications required or permitted to be given under this
Plan or any Award Agreement shall be in writing and shall be deemed to have been given if delivered personally, sent by email or any other
form of electronic transfer approved by the Committee, sent by certified or express mail, return receipt requested, postage prepaid, or
by any recognized international equivalent of such delivery, (i) in the case of notices and communications to the Company,
to its current business address and to the attention of the Corporate Secretary of the Company or (ii) in the case of a Participant,
to the last known address, or email address or, where the individual is an employee of the Company or one of its Subsidiaries, to the
individual’s workplace address or email address or by other means of electronic transfer acceptable to the Committee. All such notices
and communications shall be deemed to have been received on the date of delivery, if sent by email or any other form of electronic transfer,
at the time of dispatch or on the third business day after the mailing thereof.

 

15.18     Beneficiary
Designation. Each Participant under the Plan may from time to time pursuant to procedures approved
by the Company name any beneficiary or beneficiaries by whom any right under the Plan is to be exercised in case of such Participant's
death.

 

15.19     Successors.
All obligations of the Company under the Plan with respect to Awards granted hereunder shall be binding on any successor to the Company,
whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation or otherwise, of all or
substantially all of the business or assets of the Company.

 

15.20     Governing
Law. This Plan and each Award Agreement and all claims or causes of action or other matters (whether
in contract, tort or otherwise) that may be based upon, arise out of or relate to this Plan or any Award Agreement or the negotiation,
execution or performance of this Plan or any Award Agreement shall be governed by and construed in accordance with the laws of the State
of Delaware, excluding any conflict- or choice-of-law rule or principle that might otherwise refer construction or interpretation
of this Plan to the substantive law of another jurisdiction.

 

    23 

     

    

 

15.21     Term
of the Plan. The Plan shall become effective on the day immediately prior to date upon which
the Company’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission relating to the registered
underwritten public offering of Shares becomes effective (the “Effective Date”) and shall continue in effect, unless
sooner terminated pursuant to Article 14, until the tenth (10th) anniversary of the Effective Date. The provisions of the
Plan shall continue thereafter to govern all outstanding Awards.

 

*         *         *

 

    24Exhibit 4.4

 

DOUBLEVERIFY HOLDINGS, INC.

EMPLOYEE STOCK PURCHASE PLAN

 

Article I

Purpose

 

The purpose of the DoubleVerify
Holdings, Inc. Employee Stock Purchase Plan (the “Plan”) is to provide eligible Employees of the Company
and its Designated Subsidiaries with an opportunity to purchase Shares of the Company through payroll deductions. The Plan is intended
to qualify as an “employee stock purchase plan” under Section 423 of the Code. Accordingly, the provisions of the Plan
shall be construed in a manner consistent with the requirements of Section 423 of the Code and the regulations promulgated thereunder.

 

In addition, with regard to
offers of Share Purchase Rights under the Plan to employees working for the Company or a Designated Subsidiary outside the United States,
this Plan authorizes the Administrator to grant Share Purchase Rights that are not intended to meet the requirements of Section 423
of the Code, provided, if necessary under Section 423 of the Code, the other terms and conditions of the Plan are met.

 

Article II

Definitions

 

Whenever used herein, the
following terms shall have the respective meanings set forth below:

 

(a)            “Acquisition
Date” means the last day of each Offering Period at which time the Shares subject to a Share Purchase Right granted under
the Plan may be purchased by or on behalf of the Participant.

 

(b)            “Administrator”
means, as applicable, the Board or any committee of the Board designated by the Board to administer the Plan. If the Board or any such
committee delegates administrative authority hereunder to any other person or group of persons pursuant to Section 10.2, such person
or group of persons shall be deemed to be the Administrator hereunder to such extent, except that further delegation by such persons shall
not be permitted hereunder.

 

(c)            “Affiliate”
means, with respect to any Person, any other Person directly or indirectly controlling, controlled by or under common control with, such
Person where “control” shall have the meaning given such term under Rule 405 of the Securities Act.

 

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

 

     

     

    

 

(e)            “Change
in Control” means the happening of any of the events that would constitute a “Change in Control” under the Omnibus
Equity Plan.

 

(f)            “Change
in Control Date” shall mean the first date as of which a Change in Control occurs.

 

(g)            “Code”
means the U.S. Internal Revenue Code of 1986, as amended from time to time.

 

(h)            “Company”
means DoubleVerify Holdings, Inc., a Delaware corporation, and any successor thereto.

 

(i)            “Compensation”
means the base salary or wages and overtime of an Employee. Compensation shall be determined prior to the Employee’s pre-tax contributions
pursuant to Section 125 or 401(k) of the Code. If determined by the Administrator, other forms of compensation may be included
in or excluded from the definition of Compensation as permitted by Section 423 of the Code.

 

(j)            “Contribution”
means the amount of an after-tax payroll deduction an Employee has made, as set out in such Employee’s payroll deduction authorization
form. If the Administrator so determines, a Contribution for Employees on a Company-approved leave of absence shall include a cash contribution
equal to the amount of the after-tax payroll deduction an Employee would have made if such Employee had been receiving Compensation during
the Company-approved leave of absence.

 

(k)            “Designated
Subsidiary” means the Subsidiary or Subsidiaries of the Company that have been designated from time to time by the Administrator
in its sole discretion as eligible to participate in the Plan.

 

(l)            “Effective
Date” means the day immediately prior to date upon which the Company’s Registration Statement on Form S-1 filed
with the Securities and Exchange Commission relating to the registered underwritten public offering of Shares becomes effective, as long
as the Plan has been approved by the shareholders of the Company on or before such date.

 

(m)            “Employee”
means any person who performs services for, and who is classified as an employee on the payroll records of, the Company or a Designated
Subsidiary. For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on sick
leave or other leave of absence approved by the Company or Designated Subsidiary and meeting the requirements of Treasury Regulation Section 1.421-1(h)(2).
For purposes of this Plan, where the period of leave exceeds three (3) months and the individual’s right to reemployment is
not guaranteed either by statute or by contract, the employment relationship shall be deemed to have terminated on the first day immediately
following such three (3)-month period.

 

    2

     

    

 

(n)            “Fair
Market Value” has the meaning set forth in the Omnibus Equity Plan.

 

(o)            “Non-US
Award” has the meaning set forth in Section 4.3.

 

(p)            “Offer
Date” means the first day of each Offering Period.

 

(q)            “Offering
Period” means a period of time specified by the Administrator, consistent with Section 423 of the Code, beginning on
the Offer Date and ending on the Acquisition Date.

 

(r)            “Omnibus
Equity Plan” means the DoubleVerify Holdings, Inc. 2021 Omnibus Equity Incentive Plan, as may be amended from time
to time.

 

(s)            “Participant”
means an Employee who becomes a participant in the Plan pursuant to Article V.

 

(t)            “Person”
means any natural person, sole proprietorship, general partnership, limited partnership, limited liability company, joint venture, trust,
unincorporated organization, association, corporation, governmental authority, or any other organization, irrespective of whether it is
a legal entity and includes any successor (by merger or otherwise) of such entity.

 

(u)            “Plan”
has the meaning set forth in Article I.

 

(v)            “Purchase
Price” means the purchase price per Share subject to the Share Purchase Right determined pursuant to Section 6.3.

 

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

 

(x)            “Share”
means a share of common stock of the Company, par value $0.001 per share, or such other class or kind of shares or other securities resulting
from the application of Section 3.2(a) of this Plan

 

(y)            “Share
Reserve” has the meaning set forth in Section 3.1(a).

 

(z)            “Share
Purchase Right” means a right that entitles the holder to purchase from the Company a stated number of Shares in accordance
with, and subject to, the terms and conditions of the Plan.

 

(aa)          “Sub-Plan”
has the meaning set forth in Section 4.3.

 

(bb)         “Subsidiary”
of an entity means any corporation in an unbroken chain of corporations beginning with such entity if each of the corporations other than
the last corporation in the unbroken chain then owns stock possessing 50% or more of the total combined voting power of all classes of
stock in one of the other corporations in such chain.

 

    3

     

    

 

Article III

Available Shares and Adjustments

 

Section 3.1         Available
Shares.

 

(a)            Initial
Share Reserve. Subject to adjustments as provided in this Article III, the maximum number of Shares available for purchase
under the Plan (the “Share Reserve”) on or after the Effective Date is three million (3,000,000) Shares. Shares issued
under the Plan may be authorized but unissued Shares, Shares held in treasury or reacquired Shares.

 

(b)           Automatic
Increase in Share Reserve. The Share Reserve shall be increased on the first day of each calendar year beginning January 1,
2022 and ending on and including January 1, 2031, equal to the lesser of (i) one percent (1%) of the aggregate number of Shares
outstanding on the final day of the immediately preceding calendar year and (B) such smaller number of Shares as is determined by
the Administrator

 

Section 3.2         Adjustments.

 

(a)            Changes
in Capitalization. In the event of any corporate event or transaction involving the Company (including, but not limited to, a
change in the Shares of the Company or the capitalization of the Company), such as a merger, consolidation, reorganization, recapitalization,
separation, stock dividend, stock split, reverse stock split, split-up, spin-off, combination of Shares, exchange of Shares, dividend
in kind, extraordinary cash dividend, amalgamation or other like change in capital structure (other than normal cash dividends to stockholders
of the Company), or any similar corporate event or transaction affecting the Shares, the Administrator shall, in such manner as it may
deem equitable to prevent the dilution or enlargement of the rights of the Company and Participants hereunder by reason of such corporate
event or transaction, adjust any or all of the number and kind of Shares (or other securities or property) with respect to which a Share
Purchase Right may be granted under the Plan (including, but not limited to, adjustments of the limitations in Section 3.1 on the
maximum number and kind of Shares that may be issued under the Plan). All determinations and adjustments made by the Administrator in
good faith pursuant to this Section 3.2 shall be final and binding on the affected Participants and the Company. Any adjustment of
an Award pursuant to this Section 3.2 shall be effected in compliance with Section 423 of the Code.

 

(b)            Change
in Control. Notwithstanding any other provision of this Plan, in the event of a Change in Control of the Company, the Administrator,
in its sole discretion, may take whatever action it deems necessary or appropriate in connection therewith, including, but not limited
to (i) shortening any Offering Period then in progress such that the Acquisition Date is on or prior to the Change in Control
Date, (ii) shortening any Offering Period then in progress and refunding any amounts accumulated in a Participant’s
account for such Offering Period, (iii) cancelling all outstanding Share Purchase Rights as of the Change in Control Date
and paying each holder thereof an amount equal to the difference between the per Share Fair Market Value as of the Change in Control Date
and the Purchase Price determined in accordance with Section 6.3, or (iv) for each outstanding Share Purchase Right,
granting a substitute right to purchase shares in accordance with Section 424 of the Code. Nothing in this Section 3.2(b) shall
affect in any way the Company’s right to terminate the Plan at any time pursuant to Section 10.7 or Section 10.8.

 

    4

     

    

 

(c)            Insufficient
Shares. If the Administrator determines that, on a given Acquisition Date, the number of Shares that may be purchased under the
outstanding Share Purchase Rights for the applicable Offering Period may exceed (i) the number of Shares that were available
for issuance under the Plan on the Offer Date of the applicable Offering Period or (ii) the number of Shares available for
sale under the Plan on such Acquisition Date, including but not limited to by reason of a limitation on the maximum number of Shares that
may be purchased set by the Administrator pursuant to Section 6.2(a) or (b), the Administrator shall make a pro rata allocation
of the Shares available for issuance on such Acquisition Date in as uniform a manner as shall be practicable and as it shall determine
in its sole discretion to be equitable among all Participants purchasing Shares on such Acquisition Date, and unless additional Shares
are authorized for issuance under the Plan, no further Offering Periods shall take place and the Plan shall terminate pursuant to Section 10.7
hereof. If the Plan is so terminated, then the balance of the amount credited to the Participant’s account which has not been applied
to the purchase of Shares shall be paid to such Participant in one lump sum in cash as soon as reasonably practicable without any interest
thereon. The Company may make a pro rata allocation of the Shares available on the Offer Date of any applicable Offering Period pursuant
to the first sentence of this section, notwithstanding any authorization of additional Shares for issuance under the Plan by the Company’s
shareholders subsequent to such Offer Date.

 

Article IV

Eligibility

 

Section 4.1         Eligible
Employees. Any person who is an Employee of the Company or a Designated Subsidiary as of the Offer Date for a given Offering Period
shall be eligible to participate in the Plan for such Offering Period, subject to the requirements of this Article IV and the limitations
imposed by Section 423(b) of the Code. Notwithstanding the foregoing, the Administrator may, on a prospective basis, (a) exclude
from participation in the Plan Employees (i) whose customary employment is for not more than 20 hours per week or five months
per year or (ii) who are citizens or residents of a non-U.S. jurisdiction if grant of a Share Purchase Right under the Plan
is prohibited under the laws of such non-U.S. jurisdiction or compliance with the laws of such non-U.S. jurisdiction would cause the Plan
or any actions under the Plan to violate Section 423 of the Code and (b) impose a generally applicable eligibility service
requirement of up to two years of employment. The Administrator may also determine that a designated group of highly compensated employees
(within the meaning of Section 414(q) of the Code) are ineligible to participate in the Plan.

 

    5

     

    

 

Section 4.2         Five
Percent Shareholders. Notwithstanding any other provision of the Plan to the contrary, no Employee shall be eligible to participate
in the Plan if, after giving effect to the grant of a Share Purchase Right in the next Offering Period, the Employee (or any other person
whose stock would be attributed to the Employee pursuant to Section 424(d) of the Code) owns and/or holds Shares and outstanding
rights to purchase Shares possessing, in the aggregate, five percent or more of the total combined voting power or value of all issued
and outstanding stock of the Company.

 

Section 4.3        Employees
Based Outside the United States. To conform with the provisions of local laws and regulations, or with local compensation practices
and policies, in foreign countries in which the Company or any of its Subsidiaries or Affiliates operate, but subject to the limitations
set forth herein regarding the maximum number of shares issuable hereunder and the maximum award to any single Employee, the Administrator
may (a) modify the terms and conditions of Awards granted to Participants employed outside the United States (each, a “Non-U.S.
Award”), (b) establish sub-plans with such modifications as may be necessary or advisable under the circumstances
(“Sub-Plans”), including to permit employees of Affiliates of the Company who are located outside of the U.S. to participate
in the Plan but only to the extent that such participation would not adversely affect the Plan’s qualified status under Section 423
of the Code, and (c) take any action which it deems advisable to obtain, comply with or otherwise reflect any necessary governmental
regulatory procedures, exemptions or approvals with respect to the Plan. The Administrator’s decision to grant Non-U.S. Awards or
to establish Sub-Plans is entirely voluntary, and at the complete discretion of the Administrator. The Administrator may amend, modify
or terminate any Sub-Plans at any time, and such amendment, modification or termination may be made without prior notice to the Participants.
The Company, its Subsidiaries and Affiliates and members of the Administrator shall not incur any liability of any kind to any Participant
as a result of any change, amendment or termination of any Sub-Plan at any time. The benefits and rights provided under any Sub-Plan or
by any Non-U.S. Award (x) are wholly discretionary and, although provided by either the Company, a Subsidiary or Affiliate,
do not constitute regular or periodic payments and (y) except as otherwise required under applicable law, are not to be considered
part of the Participant’s salary or compensation under the Participant’s employment with the Participant’s local employer
for purposes of calculating any severance, resignation, redundancy or other end of service payments, vacation, bonuses, long-term service
awards, indemnification, pension or retirement benefits, or any other payments, benefits or rights of any kind. If a Sub-Plan is terminated,
the Administrator may direct the payment of Non-U.S. Awards (or direct the deferral of payments whose amount shall be determined) prior
to the dates on which payments would otherwise have been made, and, in the Administrator’s discretion, such payments may be made
in a lump sum or in installments.

 

    6

     

    

 

Article V

Participation

 

Section 5.1         Generally.
An eligible Employee may become a Participant in the Plan by completing a payroll deduction authorization form and any other required
enrollment documents provided by the Administrator or its designee and submitting them to the Administrator or its designee in accordance
with the rules established by the Administrator. The enrollment documents, which may be in electronic form, shall set forth the portion
of the Participant’s Compensation, including any minimum or maximum Contribution percentage and any minimum or maximum percentage
increments, to be paid as Contributions pursuant to the Plan. An Employee’s payroll deduction authorization shall become effective
on the Offer Date. Amounts deducted from a Participant’s Compensation pursuant to this Article V shall be credited to the Participant’s
Plan account. No interest shall be payable on the amounts credited to the Participant’s Plan account.

 

Section 5.2         Successive
Offering Periods. A Participant’s election to participate in the Plan with respect to an Offering Period shall enroll such
Participant in the Plan for each successive Offering Period at the same payroll deduction percentage as in effect at the termination of
the prior Offering Period, unless (a) such Participant delivers to the Company a different election with respect to the successive
Offering Period by such time and in such manner as is designated by the Administrator for enrollment in the Plan for such successive Offering
Period, (b) such Participant withdraws from the Plan pursuant to Article IX or becomes ineligible for participation in
the Plan or (c) the Administrator determines that elections for all Participants shall cease at the end of an applicable Offering
Period.

 

Section 5.3         Rights
and Privileges. Each Employee who is granted a Share Purchase Right under the Plan for any Offering Period shall have the same
rights and privileges as all other Employees granted Share Purchase Rights under the Plan for such Offering Period.

 

Article VI

Share Purchase Rights

 

Section 6.1         Number
of Shares. Each Eligible Employee who on the Offer Date is a Participant participating in such Offering Period shall be granted
a Share Purchase Right to purchase Shares on the Acquisition Date for such Offering Period. Subject to the limitations set forth in Section 6.2,
the number of Shares subject to such Share Purchase Right shall be the number of whole Shares determined by dividing the Purchase Price
into the balance credited to the Participant’s account as of the Acquisition Date.

 

    7

     

    

 

Section 6.2         Limitation
on Purchases. Participant purchases are subject to adjustment as provided in Section 3.2(c), and are further subject to the
following limitations:

 

(a)            Offering
Period Limitation. Subject to the calendar year limits provided in Section 6.2(b), the Administrator shall have the right
to set a maximum value of Shares that a Participant shall have the right to purchase or a maximum Contribution percentage of the Participant’s
Compensation earned during such Offering Period that the Participant may use to purchase Shares in any Offering Period pursuant to a Share
Purchase Right or other right intended to qualify under Section 423 of the Code.

 

(b)            Calendar
Year Limitation. Notwithstanding Section 6.2(a), in the event that a Participant is granted a Share Purchase Right that permits
such Participant to purchase Shares that, together with all other Share Purchase Rights granted to the Participant during the same calendar
year under this Plan and any other plan of the Company or any Subsidiary of the Company that is qualified under Section 423 of the
Code, has an aggregate value in excess of $25,000 (determined on the date of grant), such Share Purchase Right shall be reduced such that
the aggregate value of all Share Purchase Rights granted to the Participant during the same calendar year under any plan of the Company
or any Subsidiary of the Company that are qualified under Section 423 of the Code is $25,000. The Administrator may also set a maximum
aggregate number of Shares or maximum aggregate Fair Market Value of Shares which is less than the $25,000 limitation set forth in this
Section 6.2(b) that may be purchased pursuant to Share Purchase Rights in a calendar year or Offering Period or an any Acquisition
Date.

 

(c)            Refunds.
As of the first date on which a Participant’s ability to purchase Shares is limited by this Section 6.2, the Participant’s
payroll deductions shall terminate, and any excess payroll deductions credited to his or her account shall be paid to the Participant
in a lump sum as soon as reasonably practicable without any interest thereon.

 

Section 6.3         Purchase
Price. The purchase price per Share with respect to an Offering Period shall be determined by the Administrator; provided that
such purchase price shall not be less than the lesser of (x) eighty-five percent (85%) of the Fair Market Value of a Share
on the date on which an Offering Period commences and (y) eighty-five percent (85%) of the Fair Market Value of a Share on
the Acquisition Date.

 

Article VII

Purchase of Shares Under Share Purchase Rights

 

Section 7.1         Purchase.
Unless a Participant withdraws from the Plan as provided in Article IX, each Participant shall automatically purchase and acquire
as of the Acquisition Date the number of whole Shares subject to the Share Purchase Right that may be purchased at the Purchase Price
for that Share Purchase Right with the Contributions in such Participant’s account. Any surplus in the account that is insufficient
to purchase a whole Share shall be carried forward into the next Offering Period unless the Participant has elected to withdraw from the
Plan pursuant to Article IX or the Administrator determines that surplus amounts for Participants shall not be carried forward, in
which case such surplus amount shall be distributed to the Participant in a lump sum as soon as reasonably practicable without any interest
thereon.

 

    8

     

    

 

Section 7.2         Registration
Compliance.

 

(a)           No
Shares may be purchased under a Share Purchase Right unless the Shares to be issued or transferred upon purchase are covered by an effective
registration statement pursuant to the Securities Act or are eligible for an exemption from the registration requirements, and the Plan
is in material compliance with all applicable federal, state, foreign and other securities and other laws applicable to the Plan.

 

(b)           If,
on an Acquisition Date of any Offering Period, the Shares are not registered or exempt or the Plan is not in such compliance, no Shares
under the Share Purchase Rights granted under the Plan shall be purchased on the Acquisition Date. The Acquisition Date shall be delayed
until the Shares are subject to such an effective registration statement or exempt, and the Plan is in such compliance. The Acquisition
Date shall in no event be more than twenty-seven months from the Offer Date or, if applicable, such lesser time as permitted under Section 423
of the Code.

 

(c)            If,
on the Acquisition Date of any Offering Period, as delayed to the maximum extent permissible, the Shares are not registered or exempt
and the Plan is not in such compliance, no Shares under the Share Purchase Rights shall be purchased, and all Contributions accumulated
during the Offering Period (reduced to the extent, if any, such deductions have been used to acquire Shares) shall be distributed to the
Participants in a lump sum as soon as reasonably practicable without any interest thereon.

 

Section 7.3         Delivery
of Shares. As soon as practicable after each Acquisition Date, the Company shall deliver the Shares acquired by each Participant
during an Offering Period to the Participant or an account established in the Participant’s name at a stock brokerage or other financial
services firm designated by the Company. No certificates shall be delivered with respect to the Shares acquired by a Participant.

 

Section 7.4         Vesting.
A Participant’s interest in the Shares purchased under a Share Purchase Right shall be immediately vested and nonforfeitable.

 

Section 7.5         Nontransferability.
Each Share Purchase Right granted under this Plan shall be nontransferable. During the lifetime of the Participant to whom the Share Purchase
Right is granted, the Shares under a Share Purchase Right may be purchased only by the Participant. No right or interest of a Participant
in any Share Purchase Right shall be liable for, or subject to, any lien, obligation, or liability of such Participant.

 

    9

     

    

 

Article VIII

Restrictions on Sale

 

Shares purchased under the
Plan may be subject to any such holding restrictions that the Administrator shall determine to be appropriate with respect to any Offering
Period consistent with Section 423 of the Code.

 

Article IX

Withdrawal from Participation and Termination of Employment

 

A Participant may revoke his
or her payroll deduction authorization form for an Offering Period and withdraw from participation in the Plan for that Offering Period
by giving written or electronic notice to the Administrator in such form and at such time before the Acquisition Date as may be established
by the Administrator. In the event of a Participant’s withdrawal in accordance with the preceding sentence, all of the payroll deductions
credited to his or her account shall be paid to the Participant in a lump sum as soon as reasonably practicable after receipt of the notice
of withdrawal, without any interest thereon, and no further payroll deductions shall be made from his or her Compensation for that Offering
Period. A Participant shall be deemed to have elected to withdraw from the Plan in accordance with this Article IX if he or she ceases
to be an employee of the Company or any of its Subsidiaries for any reason. Unless the Administrator determines otherwise consistent with
Section 423 of the Code, a Participant’s withdrawal (other than due to a termination of employment) during an Offering Period
shall not have any effect upon the Participant’s eligibility to participate in the Plan during a subsequent Offering Period.

 

Article X

General Provisions

 

Section 10.1       Administration.
The Plan shall be administered by the Administrator. The Administrator may prescribe, amend and rescind rules and regulations relating
to the administration of the Plan and make all other determinations necessary or advisable for the administration and interpretation of
the Plan. Any authority exercised by the Administrator under the Plan shall be exercised by the Administrator in its sole discretion.
Determinations, interpretations, or other actions made or taken by the Administrator under the Plan shall be final, binding, and conclusive
for all purposes and upon all persons.

 

Section 10.2       Delegation
by the Administrator. Any or all of the powers, duties, and responsibilities of the Administrator hereunder may be delegated by
the Administrator to, and thereafter exercised by, one or more persons designated by the Administrator, including members of management
of the Company and/or members of the human resources function of the Company, and any determination, interpretation, or other action taken
by such designee shall have the same effect hereunder as if made or taken by the Administrator. Notwithstanding the foregoing, only the
Administrator shall have the power to determine the Purchase Price for any Offering Period.

 

    10

     

    

 

Section 10.3       Tax
Withholding. The Company shall have the power to withhold, or to require the Participant to remit to the Company, an amount in
cash sufficient to satisfy all U.S. federal, state, local, and any non-U.S. withholding tax or other governmental tax, charge or fee requirements
in respect of any payment under the Plan.

 

Section 10.4       At-Will
Employment. Nothing in the Plan shall confer upon any Participant any right to continue in the employ of the Company or any of
its Subsidiaries or shall interfere with or restrict in any way the rights of the Company and any of its Subsidiaries, which are hereby
expressly reserved, to discharge any Participant at any time for any reason whatsoever, with or without cause.

 

Section 10.5       Unfunded
Plan; Plan Not Subject to ERISA. The Plan is an unfunded plan and Participants shall have the status of unsecured creditors of
the Company. The Plan is not intended to be subject to the Employee Retirement Income Security Act of 1974, as amended.

 

Section 10.6       Freedom
of Action. Nothing in the Plan shall be construed as limiting or preventing the Company or any of its Affiliates from taking any
action that it deems appropriate or in its best interest (as determined in its sole and absolute discretion) and no Participant (or person
claiming by or through a Participant) shall have any right relating to the diminishment in the value of any account or any associated
return as a result of any such action. The foregoing shall not constitute a waiver by a Participant of the terms and provisions of the
Plan.

 

Section 10.7       Term
of Plan. The Plan shall be effective upon the Effective Date. The Plan shall terminate on the earlier of (a) the tenth
anniversary of the Effective Date, b) the termination of the Plan pursuant to Section 10.8 or (c) the date on which
no more Shares are available for issuance under the Plan. Upon termination of the Plan, all funds accumulated in a Participant’s
account shall be paid to such Participant in a lump sum as soon as reasonably practicable without any interest thereon, and all Share
Purchase Rights shall automatically terminate.

 

Section 10.8       Amendment
or Alteration. The Board or the Administrator may at any time amend, suspend, discontinue or terminate the Plan; provided that
if the Plan is amended in a manner that is considered the adoption of a new plan pursuant to Section 423 of the Code, including (a) an
increase in the aggregate number of Shares that may be issued under the Plan pursuant to Section 3.1 (other than an increase merely
reflecting a change in the number of outstanding Shares pursuant to Section 3.2), (b) a change in the granting Company
or the stock available for purchase under the Plan or (c) a change in the designation of corporations whose Employees may
be offered Share Purchase Rights under the Plan, the shareholders of the Company must reapprove the Plan as if such action were the adoption
of a new plan within the time prescribed under Section 423 of the Code. The Board or the Administrator, in its sole discretion, may
terminate the Plan at any time. Upon such termination, all funds accumulated in a Participant’s account at such time shall be paid
to such Participant in a lump sum as soon as reasonably practicable without any interest thereon, and all Share Purchase Rights shall
automatically terminate.

 

    11

     

    

 

Section 10.9       Severability.
In the event any portion of the Plan or any action taken pursuant thereto shall be held illegal or invalid for any reason, the illegality
or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid
provisions had not been included, and the illegal or invalid action shall be null and void.

 

Section 10.10     Assignment.
Except as otherwise provided in this Section 10.10, this Plan shall inure to the benefit of and be binding upon the parties hereto
and their respective heirs, representatives, successors, and assigns. Neither this Plan nor any right or interest hereunder shall be assignable
by a Participant, his beneficiaries, or legal representatives; provided that nothing in this Section 10.10 shall preclude
the Participant from designating a beneficiary to receive any benefit payable hereunder upon his death, or the executors, administrators,
or other legal representatives of the Participant or his estate from assigning any rights hereunder to the person or persons entitled
thereunto. This Plan shall be assignable by the Company to: a Subsidiary or Affiliate of the Company; to any corporation, partnership,
or other entity that may be organized by the Company, its general partners, or its Participants, as a separate business unit in connection
with the business activities of the Company or Participants; or to any corporation, partnership, or other entity resulting from the reorganization,
merger, or consolidation of the Company with any other corporation, partnership, or other entity, or any corporation, partnership, or
other entity to or with which all or any portion of the Company’s business or assets may be sold, exchanged, or transferred, in
each case to the extent permitted under Section 423 of the Code.

 

Section 10.11     Non-Transferability
of Rights. Unless otherwise agreed to in writing by the Administrator, no rights or interests hereunder or part thereof shall
be liable for the debts, contracts or engagements of the Participant or his or her successors in interest or shall be subject to disposition
by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary
or by operation of law, by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy),
and any attempted disposition thereof shall be null and void and of no effect; provided, however, that nothing in this Section 10.11
shall prevent transfers by will or by the applicable laws of descent and distribution.

 

    12

     

    

 

Section 10.12     Equal
Rights and Privileges. All eligible Employees granted a Share Purchase Right under this Plan that is intended to meet the requirements
of Section 423 of the Code shall have equal rights and privileges with respect to this Plan or within any separate offering under
the Plan so that this Plan qualifies as an “employee stock purchase plan” within the meaning of Section 423 or any successor
provision of the Code and the related regulations (it being understood that Non-U.S. Awards may be treated differently to the extent permitted
by Section 423 of the Code). Any provision of this Plan which is inconsistent with Section 423 or any successor provision of
the Code, without further act or amendment by the Company or the Administrator shall be reformed to comply with the requirements of Section 423.
This Section 10.12 shall take precedence over all other provisions in this Plan.

 

Section 10.13     Notices.
All notices or other communications by a Participant to the Administrator under or in connection with the Plan shall be deemed to have
been duly given when received in the form specified by the Administrator at the location, or by the person, designated by the Administrator
for the receipt thereof.

 

Section 10.14     Headings.
The Section headings appearing in this Plan are used for convenience of reference only and shall not be considered a part of this
Plan or in any way modify, amend, or affect the meaning of any of its provisions.

 

Section 10.15     Rules of
Construction. Whenever the context so requires, the use of the masculine gender shall be deemed to include the feminine and vice
versa, and the use of the singular shall be deemed to include the plural and vice versa. The fact that this Plan was drafted by the Company
shall not be taken into account in interpreting or construing any provision of this Plan.

 

Section 10.16     Governing
Law. To the extent not preempted by federal law, the Plan shall be construed in accordance with and governed by the laws of the
State of Delaware regardless of the application of rules of conflict of law that would apply the laws of any other jurisdiction.

 

Section 10.17     Conformity
to Securities Laws. The Plan is intended to conform to the extent necessary with all provisions of the Securities Act and the
Exchange Act and any and all regulations and rules promulgated under any of the foregoing, to the extent the Company, any of its
Subsidiaries or any Participant is subject to the provisions thereof. Notwithstanding anything herein to the contrary, the Plan shall
be administered only in such a manner as to conform to such laws, rules and regulations. To the extent permitted by applicable law,
the Plan shall be deemed amended to the extent necessary to conform to such laws, rules and regulations.

 

    13

     

    

 

Section 10.18     Tax
Reporting Information. At the Company’s request, Participants will be required to provide the Company and any Affiliates
with any information reasonably required for tax reporting purposes.

 

Section 10.19     Participant
Acknowledgment. By electing to participate in an Offering Period, Participants acknowledge and agree that (a) Participants
may be required to hold Shares during any holding periods to which such Shares are subject; (b) the Shares acquired under
the Plan may lose some or all of their value in the future; (c) Participants are able to afford to bear the economic risk
of holding the Shares for any holding period and of any loss in value of the Shares and (d) Participants may be required to
agree to other terms and conditions imposed by the Administrator that are permitted by Section 423 of the Code and other applicable
law.

 

    14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00326-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00326-of-00352.parquet"}]]