Document:

Exhibit 10.1

 

KNIGHTSCOPE, INC.

 

2022
Equity Incentive Plan

 

1.            Purpose
of the Plan. The Company has adopted the 2022 Equity Incentive Plan to (a) attract, retain and motivate individual service
providers to the Company and its Related Companies by providing them the opportunity to acquire an equity interest in the Company and
(b) align their interests and efforts with the long-term interests of the Company’s stockholders.

 

2.            Definitions.
Capitalized terms used in the Plan have the meanings set forth in Appendix A.

 

3.            Administration.

 

(a)            Plan
Administrator. The Plan will be administered by the Board and/or the Compensation Committee. The Compensation Committee will be
composed of two or more Directors, each of whom is (i) a “non-employee director” within the meaning of Rule 16b-3(b)(3) under
the Exchange Act, or any successor definition adopted by the Securities and Exchange Commission, and (ii) “independent”
within the meaning of applicable stock exchange listing rules or rules of a similar regulatory authority applicable to the Company.

 

(b)          Delegation. To
the extent consistent with Applicable Law, the Board or the Compensation Committee may delegate concurrent responsibility for
administering the Plan, including with respect to designated classes of Eligible Persons, to different committees consisting of one
or more Directors , subject to such limitations as the Board or the Compensation Committee deems appropriate, including a limit that
such committees may not grant Awards to Participants who are subject to Section 16 of the Exchange Act. Members of any such
committee will serve for such term as the Board or the Compensation Committee may determine, subject to removal by the Board or the
Compensation Committee at any time. To the extent consistent with Applicable Law, the Board or the Compensation Committee may
authorize one or more Officers to grant Awards to designated classes of Eligible Persons or make other determinations with respect
to such Awards, within prescribed limits; provided, however, that no Officer will have or obtain authority to grant Awards to
himself or herself or to any person subject to Section 16 of the Exchange Act. All references in the Plan to the “Plan
Administrator” will be, as applicable, to the Board, the Compensation Committee or any other committee or Officer to whom
authority to administer the Plan has been delegated.

 

(c)            Powers
of Plan Administrator. The Plan Administrator will have full power and exclusive authority, subject to the terms of the Plan,
Applicable Law, any delegation of authority from the Board or the Compensation Committee, and such other orders or resolutions not inconsistent
with the provisions of the Plan as may from time to time be adopted by the Board or the Compensation Committee, to:

 

(i)            select
which Eligible Persons will be granted Awards;

 

(ii)            determine
the type or types of Awards to be granted, the number of shares of Common Stock covered by each Award, the Fair Market Value of the shares,
whether the Award carries rights to dividends or dividend equivalents, whether the Award is to be settled in cash, shares of Common Stock,
or other property, and the other terms and conditions of each Award (including when the Award may vest, be exercised, or settled);

 

     

     

    

 

(iii)            approve
the forms of Award Agreements;

 

(iv)            determine
whether, to what extent and under what circumstances Awards may be amended, tolled, accelerated, cancelled or terminated;

 

(v)            interpret
and administer the Plan, any Award Agreement and any other agreements or documents related to the administration of Awards, including
those provided on an Admin Portal;

 

(vi)            establish
rules, and delegate ministerial duties to the Company’s employees consistent with Applicable Law, for the proper administration
of the Plan;

 

(vii)            temporarily
suspend the exercisability of an Award if the Plan Administrator deems it to be necessary or appropriate for administrative purposes,
including in connection with a Change of Control; and

 

(viii)            make
any other determination and take any other action that the Plan Administrator deems necessary or desirable for administration of the Plan.

 

The Plan Administrator’s
decisions, determinations and interpretations will be final, conclusive and binding on all Persons, including the Company, any Participant,
any stockholder and any Eligible Person.

 

(d)            Option
Repricing Prohibited. Notwithstanding the foregoing, the Plan Administrator will not have the right, without stockholder approval,
to (i) reduce the exercise or grant price of an Option or SAR after it is granted; (ii) cancel an Option or SAR at a time when
its exercise or grant price exceeds the Fair Market Value of the underlying stock, in exchange for cash, another option or stock appreciation
right, or other equity award (unless the cancellation and exchange occurs in connection with a merger, acquisition, spin-off or other
similar transaction); or (iii) take any other action that is treated as a repricing under U.S. generally accepted accounting principles.

 

4.            Shares
Subject to the Plan and Related Limits.

 

(a)            Authorized
Number of Shares. Subject to adjustment from time to time as provided in Section 14(a), the number of shares of Common Stock
available for issuance under the Plan will be:

 

(i)            5,000,000
shares (the “Fixed Share Reserve”); plus

 

(ii)            an
annual share increase to be added as of January 1st of each calendar year commencing after the Effective Date and ending on (and
including) January 1, 2032, equal to the lesser of (x) 5% of the aggregate number of shares of Class A Common Stock and
Class B Common Stock outstanding on December 31st of the immediately preceding calendar year (rounded up to the nearest whole
share) and (y) an amount determined by the Plan Administrator; provided, however, that any shares that become available from any
such increases in previous years that are not actually issued will continue to be available for issuance under the Plan; plus

 

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(iii)            (A) any
shares previously authorized for issuance under the Company’s 2016 Equity Incentive Plan, as amended (the “Prior 2016 Plan”),
that on the Effective Date have not been granted under the Prior 2016 Plan and are not subject to outstanding awards thereunder; plus
(B) any shares subject to outstanding awards under the Prior 2016 Plan or the Company’s 2014 Equity Incentive Plan, as amended
(the “Prior 2014 Plan”), as of the Effective Date that, on or after the Effective Date, cease to be subject to such
awards prior to the issuance of shares thereunder, such as due to cancellation, expiration, or other termination of such awards. Any shares
that become available for issuance under the Plan that were originally denominated as shares of Class B Common Stock under the Prior
2014 Plan will become issuable hereunder as shares of Common Stock for an equivalent number of shares pursuant to this clause (iii). Any
shares subject to outstanding awards under the Prior 2016 Plan or the Prior 2014 Plan that become available for issuance under the Plan
will cease to be set aside or reserved for issuance pursuant to the Prior 2016 Plan or the Prior 2014 Plan, as applicable, effective on
the date on which they cease to be subject to such awards thereunder, and will instead be set aside and reserved for issuance pursuant
to Awards under the Plan (the authorized amounts in clauses (i)-(iii), the “Share Reserve”).

 

Shares issued under the Plan
will be drawn from authorized and unissued shares or treasury shares, which may include shares subsequently reacquired by the Company.

 

(b)            Share
Use.

 

(i)            If
(A) any Award based on shares lapses, expires, terminates or is canceled prior to the issuance of shares thereunder, (B) shares
under an Award are issued to a Participant and thereafter are forfeited to or otherwise reacquired by the Company, (C) shares under
an Award are withheld by or tendered to the Company as the payment for the purchase price of an Award or to satisfy tax withholding obligations
related to an Award, or (D) an Award is settled in cash, then those shares that are either not issued under the Award, or that are
issued and then forfeited or reacquired under the Award, will remain, or again become, available for issuance under the Plan.

 

(ii)            If
a Participant receives dividends or dividend equivalents in respect of an Award in the form of shares, those shares will not reduce the
Share Reserve, unless expressly determined otherwise by the Plan Administrator.

 

(iii)            The
Plan Administrator may grant Substitute Awards under the Plan. Substitute Awards will not reduce the number of shares authorized for issuance
under the Plan. In the event that an Acquired Entity has shares available for awards or grants under one or more preexisting plans not
adopted in contemplation of such acquisition or combination and previously approved by the Acquired Entity’s stockholders, then,
to the extent determined by the Board or the Compensation Committee and permitted by Applicable Law, the shares available for grant pursuant
to the terms of such preexisting plans (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or formula
used in such acquisition or combination to determine the consideration payable to holders of securities of the entities that are parties
to such acquisition or combination) may be used for Awards under the Plan and will not reduce the number of shares of Common Stock authorized
for issuance under the Plan; provided, however, that Awards using such available shares will not be made after the date awards or grants
could have been made under the terms of such preexisting plans, absent the acquisition or combination, and will only be made to individuals
who were not employees or Directors of the Company or a Related Company prior to such acquisition or combination. In the event that the
Board approves a written agreement between the Company and an Acquired Entity pursuant to which a merger or consolidation is completed
and that agreement sets forth the terms and conditions of the substitution for or assumption of outstanding awards of the Acquired Entity,
those terms and conditions will be deemed to be the action of the Plan Administrator without any further action by the Plan Administrator,
except as may be required for compliance with Rule 16b-3 under the Exchange Act, and the persons holding such awards will be deemed
to be Participants. Shares subject to Substitute Awards may not be re-used under the Plan pursuant to Section 4(b)(i).

 

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(iv)            The
Plan Administrator will also, without limitation, have the authority to grant Awards as an alternative to or as the form of payment for
grants or rights earned or due under other compensation plans or arrangements of the Company.

 

(c)            ISO
Limit. The maximum number of shares that may be issued upon the exercise of Incentive Stock Options may not exceed three times
the Fixed Share Reserve, subject to adjustment as provided in Section 14(a) (the “ISO Limit”). Each increase
to the Fixed Share Reserve authorized by the Board and the stockholders after the Effective Date will also result in a corresponding three
times increase in this ISO Limit, unless otherwise expressly provided in the Board or stockholder resolutions approving such increase.

 

(d)            Non-Employee
Directors. Notwithstanding any other provision of the Plan to the contrary, during any calendar year, no Director who is also
not an employee of the Company or a Related Company may be granted Awards or cash compensation solely with respect to service as a Director
that exceeds in the aggregate $750,000 in value (with the value of Awards denominated in shares computed based on the grant date fair
value for such Awards in accordance with applicable financial accounting standards). The Plan Administrator may increase such limit to
$1,000,000 for an individual Director who first joins the Board during the calendar year, serves as the non-executive chairperson of the
Board or as lead independent Director, or is a member of a specially formed committee of the Board, provided that the non-employee Director
receiving such additional compensation may not participate in the decision to award such compensation to such non-employee Director. For
purposes of the foregoing limit, Awards granted in previous calendar years will not count against the Award limits in subsequent calendar
years, even if the Awards from previous calendar years are earned, vested or otherwise settled in calendar years following the calendar
year in which they are granted.

 

5.            Eligibility.
The Plan Administrator may grant Awards (a) to any employee, Officer, or Director of the Company or a Related Company and (b) to
any independent contractor (including consultants and advisors) who is a natural person for bona fide services rendered to the Company
or any Related Company; provided, however, that the services provided by any independent contractor are not in connection with the offer
and sale of the Company’s securities in a capital-raising transaction and do not directly or indirectly promote or maintain a market
for the Company’s securities.

 

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6.            Provisions
Applicable to All Awards.

 

(a)            Grant
Date. Corporate action constituting a grant by the Company of an Award to any Participant will be deemed completed as of the date
of such corporate action, unless otherwise determined by the Plan Administrator, regardless of when the Award Agreement evidencing the
Award is communicated to, received by, or accepted by the Participant.

 

(i)            Clerical
Errors. If the Plan Administrator’s records (e.g., consents, resolutions or minutes) documenting the corporate action granting
the Award contain terms (e.g., exercise price, vesting schedule or number of shares) that are inconsistent with those in the Award Agreement
as a result of a clerical error in papering the Award Agreement, the Plan Administrator’s records approving the Award will control
and the Participant will have no legally binding right to the incorrect term in the Award Agreement.

 

(ii)            Grants
Prior to Start Date. If the Plan Administrator attempts to grant an Award effective as of a date in the future, and if the Award
recipient is not in service with the Company or a Related Company as of that future date (either due to failure to commence service by
that future date or a Termination of Service), then as of that future date, the Award will be deemed null, void and of no force and effect
without any further action by the Plan Administrator, and the individual will have no rights, title or interests in or to the Award or
the shares of Common Stock underlying the Award. To the maximum extent permitted by Applicable Law, in the case of any attempt to grant
an Option or SAR as of a future date, if the Fair Market Value of the Common Stock has increased between the date of the Plan Administrator’s
action to grant the Award as of a future date and that actual future date on which the Award recipient is in service with the Company
or a Related Company, the Award will be automatically adjusted to have an exercise price equal to the higher Fair Market Value on that
future date.

 

(b)            Evidence
of Awards. The Plan Administrator will document all Awards by an Award Agreement that will contain the material terms of the Award,
including but not limited to any consideration to be paid to receive the Award (including the Participant’s services to the Company
or a Related Company), the exercise or purchase price (if any), the vesting schedule (including any performance vesting terms), and the
Company’s rights to repurchase or reacquire the shares subject to the Award.

 

(c)            Other
Governing Documents. The Plan Administrator may require a Participant, as a condition to receiving shares under the Plan, to sign
any additional documentation as reasonably required by the Plan Administrator for compliance with Applicable Law and the orderly administration
of the Plan.

 

(d)            Payments
for Shares and Taxes. The Plan Administrator will determine the forms of consideration a Participant may use to pay the exercise
or purchase price for shares issued under Awards and any withholding taxes or other amounts due in connection with Awards. A Participant
must pay all consideration due in connection with the Award (including withholding taxes) before the Company will issue the shares being
acquired. The Plan Administrator may (but is not required to) permit the use of the following forms of consideration (including a combination
thereof):

 

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(i)            cash
or cash equivalents, including checks, wire transfers, and ACH payments;

 

(ii)            having
the Company withhold shares of Common Stock and any other consideration that would otherwise be issued under an Award (other than in respect
of an Incentive Stock Option) that have an aggregate Fair Market Value on that date equal to the consideration owed to the Company (a
 “Withhold to Cover”);

 

(iii)            tendering
(either actually or, if and so long as the Common Stock is registered under Section 12(b) or 12(g) of the Exchange Act,
by attestation) shares of Common Stock owned by the Participant free and clear of any liens, claims or other encumbrances that have an
aggregate Fair Market Value on that date equal to the consideration owed to the Company;

 

(iv)            if
and so long as the Common Stock is registered under Section 12(b) or 12(g) of the Exchange Act, and to the extent permitted
by Applicable Law, delivery of a properly executed agreement, together with irrevocable instructions to a brokerage firm designated or
approved by the Company to deliver promptly to the Company the aggregate amount of proceeds to pay the consideration due to the Company,
all in accordance with the regulations of the Federal Reserve Board; or

 

(v)            such
other consideration as the Plan Administrator may permit, to the extent permitted under Applicable Law.

 

If a Participant engages in
a Withhold to Cover transaction or tenders shares to pay applicable tax withholding, the value of the shares so withheld or tendered may
not exceed the employer’s applicable maximum required tax withholding rate or other applicable rate that is permitted under Applicable
Law and does not cause adverse accounting consequences to the Company, as determined by the Plan Administrator.

 

(e)            Vesting.
Unless otherwise provided by the Plan Administrator, a Participant will cease vesting in an Award at the time of the Participant’s
Termination of Service and the Participant will have no further rights, title or interest in or to the unvested portion of the Award upon
the Termination of Service.

 

(f)            Performance-Based
Awards. The Plan Administrator may grant Awards subject to performance-based conditions. The Plan Administrator may choose the
performance-based conditions in its sole discretion, which may be determined on a Company-wide, divisional, business unit or individual
basis. The time period during which the performance-based conditions must be met is called the “Performance Period.”

 

(g)            Change
in Service; Leaves of Absence. Subject to Applicable Law, the Company’s chief human resources officer or other person performing
that function will determine the effect on Awards of a Participant’s leave of absence or change in hours of employment or service.
In general, if, after the Grant Date of an Award to a Participant, the Participant’s regular level of time commitment in the performance
of the Participant’s services for the Company and any Related Companies is reduced (for example, and without limitation, if the
Participant has a change in status from a full-time employee to a part-time employee, or if the Participant goes on a leave of absence
without using paid vacation or sick days), the Company has the right in its sole discretion (and without the need to seek or obtain the
consent of the affected Participant) to (i) make a corresponding reduction in the number of shares, other property or cash subject
to any portion of such Award that is scheduled to vest or become payable after the date of such change in time commitment, and (ii) in
lieu of or in combination with such a reduction, extend the vesting or payment schedule applicable to such Award (but only if the modification
would not cause the Participant to incur penalties or additional taxation under Section 409A). If an Award is reduced, the Participant
will have no right with respect to the portion of the Award that is so reduced. Notwithstanding the foregoing, any such determinations
made with respect to Directors or Officers will be made by the Plan Administrator.

 

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(h)            Applicability
of Award Terms to New Property. If a Participant receives new or additional shares of Common Stock, other securities, other property,
or cash in respect of an Award, then those shares, securities, property, and cash will be subject to all the same terms of the Plan and
the Award Agreement as applied to the underlying shares of Common Stock subject to that Award.

 

(i)            Recoupment.
Awards will be subject to the requirements of (a) Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act
(regarding recovery of erroneously awarded compensation) and any implementing rules and regulations thereunder, (b) similar
rules under the laws of any other jurisdiction, (c) any compensation recovery or clawback policies adopted by the Company to
implement any such requirements and (d) any other compensation recovery and clawback policies as may be adopted from time to time
by the Company, all to the extent determined by the Plan Administrator in its discretion to be applicable to Awards granted to a Participant.
No recovery of compensation under such a recovery or clawback policy will be an event giving rise to a right to voluntarily terminate
employment or service upon a “resignation for good reason” or for a “constructive termination” or a similar term
under any plan or agreement with the Company or a Related Company.

 

(j)            Investigations.
If a Participant’s employment or service relationship with the Company or a Related Company is suspended pending an investigation
of whether the Participant will be terminated for Cause, all the Participant’s rights under any Award will likewise be suspended
during the period of investigation.

 

(k)            Trading
Policy and Other Restrictions. Transactions involving Awards are subject to the Company’s insider trading policy and other
restrictions, terms, conditions and policies, as may be established by the Company (including the Board or the Committee) from time to
time or as may be required by Applicable Law.

 

(l)            No
Obligation to Notify or Minimize Taxes. The Company and the Plan Administrator will have no duty or obligation to any Participant
to advise such holder as to the time or manner of exercising the Participant’s rights under an Award. Furthermore, the Company will
have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of an Award. The Company has
no duty or obligation to minimize the tax consequences of an Award to the holder of such Award.

 

(m)            Dividends
and Distributions. Participants may, if the Plan Administrator so determines, other than with respect to Options or SARs, be credited
with dividends or dividend equivalents with respect to shares of Common Stock underlying an Award in a manner determined by the Plan Administrator
in its sole discretion. With respect to Awards that are subject to the achievement of performance goals or other vesting terms, the dividends
or dividend equivalents will accrue and be paid only to the extent the Award becomes vested or payable. The Plan Administrator may apply
any restrictions to the dividends or dividend equivalents that the Plan Administrator deems appropriate and may determine the form of
payment of dividends or dividend equivalents, including cash, shares of Common Stock, Restricted Stock or Restricted Stock Units. Notwithstanding
the foregoing, the crediting of dividends or dividend equivalents must comply with or qualify for an exemption under Section 409A.

 

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(n)            Deferrals.
The Plan Administrator may permit or require a Participant to defer receipt of the payment of any Award. If any such deferral election
is permitted or required, the Plan Administrator, in its sole discretion, will establish rules and procedures for such payment deferrals,
which may include the grant of additional Awards or provisions for the payment or crediting of interest or dividend equivalents, including
converting such credits to deferred stock unit equivalents. Deferral of any Award or payment thereunder will comply with Applicable Law
and will satisfy either the requirements for compliance with or exemption from Section 409A, as determined by the Plan Administrator
prior to such deferral.

 

7.            Options &
SARs.

 

(a)            Types
of Options. The Plan Administrator may grant Options designated as Incentive Stock Options or Nonqualified Stock Options.

 

(b)            Exercise
Price. The Plan Administrator may not grant Options or SARs with an exercise price per share less than 100% of the Fair Market
Value of the Common Stock on the Grant Date (and not less than the minimum exercise price required by Section 422 of the Code with
respect to Incentive Stock Options), except in the case of Substitute Awards.

 

(c)            Term.
The maximum term of an Option or SAR will be ten years from the Grant Date, subject to earlier termination in accordance with the terms
of the Plan and the Award Agreement.

 

(d)            Conditions
to Exercise.

 

(i)            To
exercise an Option or SAR, the Participant must deliver (A) the exercise agreement or other permitted notice stating the number of
shares being purchased and, if applicable, the account number or digital wallet address into which the shares should be deposited, (B) payment
in full of the exercise price and any tax withholding obligations, and (C) any additional documents requested or required by the
Company as a condition to exercise. The Company will not initiate the settlement on the exercise of an Option or SAR until all conditions
necessary for the exercise of the Award have been satisfied (including compliance with Applicable Law), all the foregoing steps have been
completed and the Company initiates the issuance of the shares in the Participant’s name.

 

(ii)            The
Plan Administrator may modify the exercise agreement form for Options and SARs, and the procedure for exercise, from time to time, including
after the Grant Date of an Award, without the Participant’s consent. The Plan Administrator may restrict exercise to those times
when the exercise will not violate Applicable Law or as it deems necessary or appropriate for administrative purposes.

 

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(iii)            Unless
the Plan Administrator determines otherwise, an Option or SAR may be exercised only for whole shares.

 

(e)            Effect
of Termination of Service. The Plan Administrator will establish and define in the Award Agreement how an Option or SAR will be
treated on a Termination of Service. Unless otherwise set forth in the Award Agreement or otherwise determined by the Plan Administrator,
the following treatment will apply:

 

(i)            Any
portion of an Award that is not vested and exercisable on the date of a Participant’s Termination of Service will expire on the
date of the Participant’s Termination of Service.

 

(ii)            Any
portion of an Award that is vested and exercisable on the date of a Participant’s Termination of Service will expire on the earliest
to occur of the following, if not exercised by that date:

 

(A)            if
the Participant’s Termination of Service occurs for reasons other than Cause, Disability or death, the date that is three months
after such Termination of Service;

 

(B)            if
the Participant’s Termination of Service occurs by reason of Cause, the date of the Termination of Service;

 

(C)            if
the Participant’s Termination of Service occurs by reason of death or Disability, the date that is 12 months after such Termination
of Service;

 

(D)            if
the Participant dies during any of the foregoing post-termination exercise periods, the date that is 12 months after death;

 

(E)            if
the Plan Administrator determines during any of the foregoing post-termination exercise periods that Cause for termination existed at
the time of the Participant’s Termination of Service, immediately on such determination;

 

(F)            if,
during any of the foregoing periods, the Company undergoes a Change of Control and the successor or acquiring entity refuses to convert,
continue, assume, substitute for or replace an equivalent Award, then on the date of the consummation of the Change of Control; and

 

(G)            the
Award Expiration Date.

 

(f)            Extension
of Exercise Period Under Limited Circumstances. If the exercise of an Award following a Participant’s Termination of Service
(other than upon the Participant’s death or Disability) would be prohibited at any time solely because the issuance of shares of
Common Stock under the Award would violate the registration requirements under the Securities Act or similar requirements under the laws
of any state or foreign jurisdiction, then the Award will terminate on the earlier of (A) the Award Expiration Date and (B) the
date that is three months after the date of Termination of Service during which the exercise of the Award would not be in violation of
such requirements.

 

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8.            Incentive
Stock Option Limitations. The terms of an Incentive Stock Option must comply in all respects with Section 422 of the Code,
each of which is incorporated by reference into the Plan. The Plan Administrator will construe the terms of any Option granted as an Incentive
Stock Option within the meaning of Section 422 of the Code, and if the Option (or a portion thereof) does not meet the requirements
of Section 422 of the Code, that Option (or applicable portion) will be treated as a Nonqualified Stock Option. The requirements
of Section 422 include the following:

 

(a)            ISO
Granting Period. No Incentive Stock Options may be granted more than ten years after the earlier of the approval by the Board
or the shareholders of the Plan (or any amendment to the Plan that constitutes the adoption of a new plan for purposes of Section 422
of the Code). For clarity, any stockholder approved amendment of the Fixed Share Reserve that also amends the ISO Limit will be deemed
the adoption of a new plan for purposes of Section 422 of the Code and therefore an extension of the period in which Incentive Stock
Options may be granted, unless otherwise expressly provided for in the stockholder approval of such increase.

 

(b)            ISO
Qualification. If the aggregate Fair Market Value (determined as of the Grant Date) of Common Stock with respect to which a Participant’s
Incentive Stock Options become exercisable for the first time during any calendar year (under the Plan and all other stock option plans
of the Company and its parent and subsidiary corporations) exceeds $100,000 (or such other limit established by the Code), or if the Option
otherwise does not comply with the requirements under Section 422 of the Code, the Option (or the portion that does not meet the
requirements of Section 422) will be treated as a Nonqualified Stock Option. Options will be taken into account in the order in which
they were granted. If the Participant holds two or more such Options that become exercisable for the first time in the same calendar year,
such limitation will be applied on the basis of the order in which such Options are granted.

 

(c)            Eligible
Employees. Individuals who are not employees of the Company or one of its parent or subsidiary corporations may not be granted
Incentive Stock Options. The Plan does not prohibit the grant of Incentive Stock Options to employees who reside or work outside of the
United States.

 

(d)            Exercise
Price. Incentive Stock Options will be granted with an exercise price per share not less than 100% of the Fair Market Value of
the Common Stock on the Grant Date, and in the case of an Incentive Stock Option granted to a Participant who owns more than 10% of the
total combined voting power of all classes of the stock of the Company or of its parent or subsidiary corporations (as determined under
the Code, a “Ten Percent Stockholder”), will be granted with an exercise price per share not less than 110% of the
Fair Market Value of the Common Stock on the Grant Date. Status as a Ten Percent Stockholder will be determined in accordance with Section 422
of the Code.

 

(e)            Option
Term. The maximum term of an Incentive Stock Option will not exceed ten years, and in the case of an Incentive Stock Option granted
to a Ten Percent Stockholder, will not exceed five years, in each case, subject to earlier termination in accordance with the terms of
the Plan and the Award Agreement.

 

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(f)            Exercisability.
An Option designated as an Incentive Stock Option will cease to qualify for favorable tax treatment as an Incentive Stock Option to the
extent it is exercised (if permitted by the terms of the Option) (i) more than three months after the date of a Participant’s
termination of employment if termination was for reasons other than death or disability, (ii) more than one year after the date of
a Participant’s termination of employment if termination was by reason of disability, or (iii) more than six months following
the first day of a Participant’s leave of absence that exceeds three months, unless the Participant’s reemployment rights
are guaranteed by statute or contract (as such rule is explained in Section 422 of the Code).

 

(g)            Taxation
of Incentive Stock Options. To obtain the tax benefits afforded to Incentive Stock Options under Section 422 of the Code,
the Participant must hold the shares acquired on the exercise of an Incentive Stock Option for two years after the Grant Date and one
year after the date of exercise (that is, the Participant must not Transfer the shares until at least the day after the expiration of
these periods). A Participant may be subject to the alternative minimum tax at the time of exercise of an Incentive Stock Option. The
Participant must give the Company prompt notice of any disposition of shares acquired on the exercise of an Incentive Stock Option prior
to the expiration of these holding periods.

 

(h)            Code
Definitions. For the purposes of this Section 8, “disability,” “parent corporation”
and “subsidiary corporation” have the meanings attributed to those terms for purposes of Section 422 of the Code.

 

(i)            Stockholder
Approval. If the stockholders of the Company do not approve the Plan within 12 months after the Board’s adoption of the
Plan (or the Board’s adoption of any amendment to the Plan that constitutes the adoption of a new plan for purposes of Section 422
of the Code), Incentive Stock Options granted under the Plan after the date of the Board’s adoption (or approval) will be treated
as Nonqualified Stock Options.

 

9.            Stock
Awards, Restricted Stock Awards and Restricted Stock Units.

 

(a)            Grants
of Stock Awards, Restricted Stock Awards and Restricted Stock Units. The Plan Administrator may grant Stock Awards, Restricted
Stock Awards and Restricted Stock Units to selected Participants on such terms and conditions and subject to such repurchase or forfeiture
restrictions, if any, which may be based on continuous employment or service with the Company or a Related Company or the achievement
of performance goals, as the Plan Administrator may determine in its sole discretion, which terms, conditions and restrictions will be
set forth in the Award Agreement.

 

(b)            Vesting
of Restricted Stock Awards and Restricted Stock Units. Upon the satisfaction of any terms, conditions and restrictions prescribed
with respect to Restricted Stock Awards or Restricted Stock Units, or upon a Participant’s release from any terms, conditions and
restrictions on Restricted Stock Awards or Restricted Stock Units, as determined by the Plan Administrator, (i) the shares covered
by each Award will become freely transferable by the Participant, subject to compliance with the Company’s insider trading policy
and Applicable Law, and (ii) Restricted Stock Units will be paid in shares of Common Stock or, if set forth in the Award Agreement,
in cash or a combination of cash and shares of Common Stock or other securities. Unless the Plan Administrator determines otherwise, any
fractional shares subject to such Awards will be paid to the Participant in cash.

 

    - 11 -

     

    

 

10.            Performance
Awards.

 

(a)            Performance
Share Units. The Plan Administrator may grant Awards of Performance Share Units, designate the Participants to whom Performance
Share Units are to be awarded, and determine the number of Performance Units under the Award and the other terms and conditions of each
such Award. Performance Share Units will consist of units valued by reference to a designated number of shares of Common Stock, the value
of which may be paid to the Participant by delivery of shares of Common Stock or, if set forth in the Award Agreement, of such property
as the Plan Administrator will determine, including, without limitation, cash, shares of Common Stock, other property, or any combination
thereof, upon the attainment of performance goals, as established by the Plan Administrator, and other terms and conditions of such Awards.
The amount to be paid under an Award of Performance Shares may be adjusted on the basis of such further consideration as the Plan Administrator
will determine in its sole discretion.

 

(b)            Performance
Units. The Plan Administrator may grant Awards of Performance Units, designate the Participants to whom Performance Units are
to be awarded, and determine the number of Performance Units under the Award and the other terms and conditions of each such Award. Performance
Units will consist of a unit valued by reference to a designated amount of cash or property other than shares of Common Stock, which value
may be paid to the Participant by delivery of such property as the Plan Administrator will determine, including, without limitation, cash,
shares of Common Stock, other property, or any combination thereof, upon the attainment of performance goals or other criteria, as established
by the Plan Administrator, and other terms and conditions specified by the Plan Administrator. The amount to be paid under an Award of
Performance Units may be adjusted on the basis of such further consideration as the Plan Administrator will determine in its sole discretion.

 

(c)            Plan
Administrator Approval. After completion of any Performance Period applicable to an Award of Performance Share Units or Performance
Units and prior to payment, settlement or vesting of any such Award, the Plan Administrator will certify the extent to which any Performance
Goal established under this Section 10 has been satisfied, and the amount payable as a result thereof (which may approved as a percentage
of a target Award).

 

11.            Other
Stock or Cash-Based Awards. Subject to the terms of the Plan and such other terms and conditions as the Plan Administrator deems
appropriate, the Plan Administrator may grant other incentives payable in cash or in shares of Common Stock under the Plan.

 

12.            Tax
Matters.

 

(a)            Withholding.
The Company will require the Participant to pay to the Company or a Related Company, as applicable, the amount of (i) any taxes that
the Company or a Related Company is required by applicable federal, state, local or foreign law to withhold with respect to an Award and
(ii) any other amounts due from the Participant to the Company, any Related Company or any governmental authority. The Company will
not be required to issue any shares of Common Stock or otherwise settle an Award under the Plan until such tax withholding obligations
and other obligations are satisfied.

 

    - 12 -

     

    

 

(b)            Section 280G.
Unless otherwise set forth in a written employment, services or other agreement between the Participant and the Company or a Related Company
or other Company arrangement or policy applicable to a Participant, by accepting an Award under the Plan, each Participant is agreeing
that if the benefits provided for under the Award, together with any amounts otherwise payable to such Participant in relation to such
Participant’s service with the Company, any Related Company, or any successor thereto (i) constitute “parachute payments”
within the meaning of Section 280G of the Code and (ii) would be subject to the excise tax imposed by Section 4999 of the
Code (the “Excise Tax”), then such Participant’s benefits will be either (A) delivered in full or (B) delivered
to such lesser extent which would result in no portion of such benefits being subject to the Excise Tax, whichever of the foregoing amounts,
taking into account the applicable federal, state and local income taxes and the Excise Tax, results in the receipt by such Participant
on an after-tax basis, of the greatest amount of benefits, even if the benefits may still be taxable under Section 4999 of the Code.
If clause (B) applies, the payments and benefits will be reduced by the Company in its reasonable discretion in the following order:
(i) reduction of cash payments, which will occur in reverse chronological order with the cash payment owed on the latest date following
the event triggering the Excise Tax being the first cash payment to be reduced; (ii) cancellation of accelerated vesting of equity
awards, which will occur in the reverse order of the date of grant for the equity awards (i.e., the vesting of the most recently granted
equity awards will be reduced first); and (iii) reduction of other employee benefits, which will occur in reverse chronological order
with the benefit owed on the latest date following the event triggering the Excise Tax being the first benefit to be reduced. With respect
to each of (i)-(iii), if any payments or benefits constitute deferred compensation subject to Section 409A, the reduction will occur
first as to amounts that are not deferred. If two or more of the same type of awards are granted on the same date, the parachute payments
associated with each award will be reduced on a pro-rata basis. In no event will any Participant have any discretion with respect to the
ordering of payment reductions. Any determination required under this section will be made in writing by the Company’s outside legal
counsel or a nationally recognized tax or accounting firm, whose determination will be conclusive and binding on each Participant and
the Company for all purposes. The firm selected may make reasonable assumptions and approximations concerning applicable taxes and may
rely on reasonable, good faith interpretations concerning the application of Section 280G and Section 4999 of the Code. The
Company and each Participant will furnish to such accounting firm information as they may reasonably request to make a determination under
this section.

 

(c)            Section 409A.
The Company intends that the Plan and Awards granted under the Plan (unless otherwise expressly provided for in the Award Agreement or
Plan Administrator resolutions approving the Award) are exempt from the requirements of Section 409A to the maximum extent possible,
whether pursuant to the short-term deferral exception described in Treasury Regulation Section 1.409A-1(b)(4), the exclusion applicable
to stock options, stock appreciation rights and certain other equity-based compensation under Treasury Regulation Section 1.409A-1(b)(5) or
1.409A-1(b)(6), or otherwise. The Plan Administrator will use reasonable best efforts to interpret, operate and administer the Plan and
any Award granted under the Plan in a manner consistent with this intention. However, the Plan Administrator makes no representations
that Awards granted under the Plan will be exempt from or comply with Section 409A and makes no undertaking to preclude Section 409A
from applying to Awards granted under the Plan.

 

    - 13 -

     

    

 

(i)            If
Section 409A is applicable to any Award granted under the Plan (that is, to the extent not so exempt), the Plan Administrator intends
that the non-exempt Award will comply with the deferral, payout, plan termination and other limitations and restrictions imposed under
Section 409A.

 

(ii)            If
necessary for exemption from, or compliance with, Section 409A:

 

(A)            All
references in the Plan or any Award granted under the Plan to the termination of the Participant’s employment or service are intended
to mean the Participant’s “separation from service,” within the meaning of Section 409A(a)(2)(A)(i).

 

(B)            The
Plan Administrator will treat each installment that vests or is delivered under an Award in a series of payments or installments as a
separate payment for purposes of Section 409A, unless expressly set forth in the Award Agreement that each installment is not a separate
payment.

 

(C)            If
the Participant is a “specified employee,” within the meaning of Section 409A, then if necessary to avoid subjecting
the Participant to the imposition of any additional tax under Section 409A, amounts that would otherwise be payable under the Plan
or any Award granted under the Plan during the six-month period immediately following the Participant’s “separation from service”
will not be paid to the Participant during such period, but will instead be accumulated and paid to the Participant (or, in the event
of the Participant’s death, the Participant’s estate) in a lump sum on the first business day after the earlier of the date
that is six months following the Participant’s separation from service or the Participant’s death, unless the amounts can
be paid in another manner that complies with Section 409A.

 

(D)            If,
after the Grant Date of an Award, the Plan Administrator determines that an Award is reasonably likely to fail to be either exempt from
or compliant with Section 409A, the Plan Administrator reserves the right, but will not be required, to unilaterally (and without
the affected Participant’s consent) amend or modify the Plan and any Award granted under the Plan so that the Award qualifies for
exemption from or complies with Section 409A. Any such amendment or modification made to avoid the imposition of adverse taxation
under Section 409A will be deemed not to materially adversely impact the Participant.

 

13.            Restrictions
on Transfer of Awards and Common Stock.

 

(a)            General.
In general, any Transfer or purported Transfer of an Award or of shares of Common Stock issued under the Plan in violation of the Plan
will be null and void, will have no force or effect, and the Company will not register in its records any such purported Transfer.

 

(b)            No
Transfer of Awards. A Participant may not Transfer an Award or interest in an Award other than (i) Transfers on the Participant’s
death by will or by the laws of descent and distribution and (ii) Transfers of vested shares of Common Stock after any applicable
restriction period has lapsed or been removed and the shares have been issued to the Participant, subject to compliance with the Company’s
insider trading policy and Applicable Law. In general, during a Participant’s lifetime, only the Participant granted the Award may
exercise the Award or purchase shares under the Award. The Plan Administrator may permit the Transfer of an Award or an interest in an
Award other than for value if it so approves and the Transfer complies with Applicable Law, such as a Transfer to a trust if the Participant
is considered the sole beneficial owner of the trust (as determined under Applicable Law) or pursuant to a court-endorsed domestic relations
order in a format acceptable to the Plan Administrator. If the Plan Administrator permits Transfer of an Award, the Award will be limited
by any additional terms and conditions imposed by the Plan Administrator.

 

    - 14 -

     

    

 

14.            Changes
to Common Stock.

 

(a)            Adjustments.
If the Company undertakes a stock dividend, stock split, spin-off, combination or exchange of shares, recapitalization, merger, consolidation,
distribution or dividend to stockholders other than a normal cash dividend, or other change in the Company’s corporate or capital
structure that constitutes an equity restructuring transaction, as that term is used in Statement of Financial Accounting Standards Board
Accounting Standards Codification Topic 718 (or any successor thereto) and that results in (i) the outstanding shares of Common Stock,
or any securities exchanged therefor or received in their place, being exchanged or adjusted for a different number or kind of securities
of the Company or any other company or (ii) new, different or additional securities of the Company or any other company being received
by the holders of shares of Common Stock, then the Plan Administrator will make proportional adjustments in (A) the maximum number
and kind of securities available for issuance under the Plan; (B) the maximum number and kind of securities issuable as Incentive
Stock Options; (C) the number and kind of securities that are subject to any outstanding Award and the per share price of such securities,
without any change in the aggregate price to be paid under the Award; and (D) any other terms of an Award that are affected by the
change, in each case as necessary to prevent the diminution or enlargement of rights under the Plan. The determination by the Plan Administrator
as to the terms of any of the foregoing adjustments will be conclusive and binding. For clarity, the issuance by the Company of shares
of stock of any class, or securities convertible into shares of stock of any class, for cash or property, or for labor or services rendered,
either on direct sale or on the exercise of rights or warrants to subscribe therefor, or on conversion of shares or obligations of the
Company convertible into such shares or other securities, will not affect, and no adjustment by reason thereof will be made with respect
to, outstanding Awards.

 

(b)            Dissolution
or Liquidation. To the extent not previously exercised or settled, and unless otherwise determined by the Plan Administrator in
its sole discretion, Awards will terminate immediately prior to the dissolution or liquidation of the Company. If a vesting condition,
forfeiture provision or repurchase right applicable to an Award has not been waived by the Plan Administrator, the portion of the Award
subject to that condition, provision or right will be forfeited immediately prior to the consummation of the dissolution or liquidation.

 

(c)            Change
of Control. The following provisions will apply to Awards in the event of a Change of Control unless otherwise provided in the
Award Agreement or any other written agreement or policy between the Company or any Related Company and the Participant that applies to
the Award, contingent on the closing or completion of the Change of Control:

 

    - 15 -

     

    

 

(i)            If
and to the extent that the Successor Company converts, continues, assumes, substitutes for or replaces an Award (including a portion thereof),
the vesting restrictions and/or forfeiture provisions applicable to such Award will not be accelerated or lapse, and all such vesting
restrictions and/or forfeiture provisions will continue with respect to any shares of the Successor Company or other consideration that
may be received with respect to such Award. If and to the extent that such Awards (including portions thereof) are not converted, continued,
assumed, substituted for or replaced by the Successor Company (including in a Change of Control that is not a Company Transaction and
in which Awards could not be converted, continued, assumed, substituted for or replaced), then outstanding Awards, other than Performance
Shares, Performance Units or other performance-based Awards (which are separately addressed in clause (ii)), will become fully vested
and exercisable or payable, and all applicable restrictions or forfeiture provisions will lapse, immediately prior to the Change of Control
and such Awards will terminate at the effective time of the Change of Control.

 

For the purposes of this Section 14(c),
an Award will be considered converted, continued, assumed, substituted for or replaced by the Successor Company if, following the Change
of Control, the Award confers the right to purchase or receive, for each share of Common Stock subject to the Award immediately prior
to the Change of Control, the consideration (whether stock, cash or other securities or property) received in the Change of Control by
holders of Common Stock for each share held on the effective date of the transaction (and if holders were offered a choice of consideration,
the type of consideration chosen by the holders of a majority of the outstanding shares); provided, however, that if such consideration
received in the Change of Control is not solely common stock of the Successor Company, the Plan Administrator may, with the consent of
the Successor Company, provide for the consideration to be received pursuant to the Award, for each share of Common Stock subject thereto,
to be solely common stock of the Successor Company substantially equal in fair market value to the per share consideration received by
holders of Common Stock in the Change of Control. The determination of such substantial equality of value of consideration will be made
by the Plan Administrator, and its determination will be conclusive and binding. An Award that vests, is earned or paid out upon the satisfaction
of one or more performance goals will not be considered converted, assumed, substituted for or replaced by the Successor Company if any
performance goals are materially modified without the Participant’s consent, in all cases, unless specifically provided otherwise
under the applicable Award Agreement or other applicable written agreement applicable to the Award; provided, however, that a modification
to such performance goals only to reflect the Successor Company’s post-Change of Control company structure will not invalidate an
otherwise valid Award conversion, continuation, assumption, substitution or replacement.

 

(ii)            All
Performance Share Units, Performance Units or other performance-based Awards earned and outstanding as of the date the Change of Control
is determined to have occurred and for which the payout level has or could be determined will be payable based on such performance in
accordance with the payout schedule and other terms under the Award Agreement. Any outstanding Performance Shares, Performance Units or
other performance-based Awards (including those subject to an outstanding Performance Period) that will not be converted, assumed, substituted
for or replaced by the Successor Company and for which the payout level has not been determined will be payable in accordance with the
terms and payout schedule under the Award Agreement or as otherwise permitted by Section 409A. Any existing deferrals or other restrictions
not waived by the Plan Administrator in its sole discretion will remain in effect.

 

    - 16 -

     

    

 

(iii)            Notwithstanding
the foregoing provisions of this Section 14(c), the Plan Administrator, in its sole discretion, may instead provide in the event
of a Change of Control, and without a Participant’s consent, that a Participant’s outstanding Awards will terminate upon or
immediately prior to such Change of Control and that such Participant will receive, in exchange therefor, an amount or cash or property
equal to the amount (if any) by which (x) the value of the per share consideration received by holders of Common Stock in the Change
of Control, or, in the event the Change of Control is one of the transactions listed under subsection (c) in the definition of Company
Transaction or otherwise does not result in direct receipt of consideration by holders of Common Stock, the value of the deemed per share
consideration received, in each case as determined by the Plan Administrator in its sole discretion, multiplied by the number of shares
of Common Stock subject to Awards (either solely to the extent then vested and/or exercisable or whether or not then vested and/or exercisable,
as determined by the Plan Administrator in its sole discretion) exceeds (y) if applicable, the respective aggregate exercise price
or grant price for such Awards. If in connection with the Change of Control, the Plan Administrator determines that no amount would have
been attained upon the exercise of such Award or realization of the Participant’s rights thereunder, then such Award may be terminated
by the Company without payment (including as to any unvested portions for which no payment will be made).

 

(d)            General.
The Plan Administrator need not take the same action with respect to all Awards or portions thereof, with respect to all Awards of
the same type, or with respect to all Participants. The Plan Administrator may take different actions with respect to the vested and unvested
portions of an Award. The Plan Administrator may provide that payments may be subject to the same terms and conditions as the payment
of consideration to the holders of the Common Stock in connection with the Change of Control, such as provisions related to escrows or
other holdbacks. The Plan Administrator may also provide that payments will be made over time subject to substantially the same vesting
schedule as the Award, including any performance-based vesting metrics that applied to the Award immediately prior to the closing of the
Change of Control.

 

(e)            Further
Adjustment of Awards. Subject to Section 14(c), the Plan Administrator will have the discretion to take additional action
as it determines to be necessary or advisable with respect to Awards. Such authorized action may include (but will not be limited to)
establishing, amending or waiving the type, terms, conditions or duration of, or restrictions on, Awards so as to provide for earlier,
later, extended or additional time for exercise, lifting restrictions and other modifications, and the Plan Administrator may take such
actions with respect to all Participants, to certain categories of Participants or only to individual Participants. The Plan Administrator
may take such action before or after granting Awards to which the action relates and before or after any public announcement with respect
to such sale, merger, consolidation, reorganization, liquidation, dissolution or change of control that is the reason for such action.

 

(f)            No
Limitations. The grant of Awards will in no way affect the Company’s right to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business
or assets.

 

(g)            Payment
Conditions. By accepting an Award under the Plan, each Participant agrees that if an Award is to be terminated in connection with
a Change of Control in exchange for a payment in cash, securities or other property, a condition to receipt of any such payment is that
the Participant execute an Award termination or similar agreement providing for, among other things, (i) the Participant’s
agreement and consent to (A) the amount of such consideration to be paid in respect of the Award and (B) the termination of
the Award in exchange for such consideration, (ii) the Participant’s agreement to be bound by the indemnification, escrow,
earn-out, holdback or similar arrangements contained in the definitive agreements relating to the Change of Control that are applicable
to holders of Common Stock generally, (iii) the Participant’s agreement to keep all non-public information provided in connection
with the Change of Control transaction confidential, and (iv) other customary provisions.

 

    - 17 -

     

    

 

(h)            Fractional
Shares.  Except as otherwise determined by the Plan Administrator, each Award will cover only the number of full shares resulting
from any adjustment under this Section 14, and any fractional shares resulting from such adjustment will be disregarded.

 

15.            Term
of the Plan. The Plan will expire no later than ten years after the Effective Date. The Plan Administrator may not grant new Awards
after the expiration of the Plan or the date the Plan is otherwise terminated. Stockholders of the Company must approve the Plan and any
increase in the Share Reserve (including the Fixed Share Reserve) or in the ISO Limit not later than 12 months after the Plan, or an increase
to the Share Reserve or the ISO Limit, as applicable, is adopted by the Board.

 

16.            Amendment
and Termination.

 

(a)            Plan
Amendment, Suspension or Termination. The Board or the Compensation Committee may amend, suspend or terminate the Plan or any
portion of the Plan at any time and in such respects as it will deem advisable, provided that the Board must approve any amendment for
which stockholder approval is required under Applicable Law. No amendment will be effective absent stockholder approval if required by
Applicable Law, including any amendment that would increase the Share Reserve or the ISO Limit. Following termination of the Plan, outstanding
Awards previously granted will remain outstanding in accordance with their terms and conditions and the Plan’s terms and conditions,
except as otherwise provided in the event of a Change of Control.

 

(b)            Award
Amendment. The Plan Administrator may amend any Award at any time. However, the Plan Administrator may not amend an Award in a
manner that materially adversely impacts the rights of the Participant holding that Award without the Participant’s written consent.
A Participant will not be deemed to have been materially adversely impacted if, without the consent of the Participant, the Plan Administrator
amends an Award: (i) to maintain the qualified status of the Award as an Incentive Stock Option under Section 422 of the Code,
(ii) to change the terms of an Incentive Stock Option, to the extent such change results in impairment of the Award solely because
it impairs the qualified status of the Award as an Incentive Stock Option under Section 422 of the Code, (iii) to clarify the
manner of exemption from, or to bring the Award into compliance with, Section 409A, (iv) to correct clerical or typographical
errors, or (v) to comply with other Applicable Law.

 

17.            No
Individual Rights.

 

(a)            No
individual or Participant will have any claim to be granted any Award under the Plan. The Company has no obligation for uniformity of
treatment of Participants under the Plan.

 

    - 18 -

     

    

 

(b)            Nothing
in the Plan or any Award will be deemed to constitute an employment contract or confer or be deemed to confer on any Participant any right
to continue in the employ of, or to continue any other service relationship with, the Company or any Related Company or limit in any way
the right of the Company or any Related Company to terminate a Participant’s Service relationship at any time, with or without Cause.

 

18.            Conditions
on Issuance of Shares.

 

(a)            The
Company will have no obligation to issue or deliver any shares of Common Stock under the Plan or make any other distribution of benefits
under the Plan unless, in the opinion of the Company’s counsel, such issuance, delivery or distribution would comply with Applicable
Law.

 

(b)            The
Company will be under no obligation to any Participant to register for offering or resale or to qualify for exemption under the Securities
Act, or to register or qualify under Applicable Law, any shares of Common Stock, security or interest in a security paid or issued under,
or created by, the Plan, or to continue in effect any such registrations or qualifications if made. If, after reasonable efforts and at
a reasonable cost, the Company is unable to obtain from any regulatory commission or agency the authority that the Company deems necessary
or advisable for the lawful issuance and sale of Common Stock under the Plan, the Company will be relieved from any liability for failure
to issue and sell Common Stock under the affected Awards.

 

(c)            As
a condition to the receipt of Common Stock under the Plan, the Plan Administrator may require the Participant to (i) represent and
warrant that such shares are being purchased or received only for the Participant’s own account and without any present intention
to sell or distribute such shares and (ii) undertake additional actions as necessary to comply with Applicable Law.

 

(d)            The
Company may issue shares of Common Stock on a noncertificated basis, to the extent not prohibited by Applicable Law.

 

(e)            Unless
the Plan Administrator determines otherwise, no fractional shares will be issued under the Plan, and, except as otherwise provided in
the Plan, the Plan Administrator will determine the manner in which a fractional share value will be treated.

 

19.            Indemnification.

 

(a)            Each
person who is or was a member of the Board, the Compensation Committee, or a committee of the Board or an Officer of the Company to whom
authority to administer the Plan was delegated in accordance with Section 3, will be indemnified and held harmless by the Company
against and from any loss, cost, liability or expense that may be imposed upon or reasonably incurred by such person in connection with
or resulting from any claim, action, suit or proceeding to which such person may be a party or in which such person may be involved by
reason of any action taken or failure to act under the Plan and against and from any and all amounts paid by such person in settlement
thereof, with the Company’s approval, or paid by such person in satisfaction of any judgment in any such claim, action, suit or
proceeding against such person, unless such loss, cost, liability or expense is a result of such person’s own willful misconduct
or except as expressly provided by statute; provided, however, that such person will give the Company an opportunity, at its own expense,
to handle and defend the same before such person undertakes to handle and defend it on such person’s own behalf.

 

    - 19 -

     

    

 

(b)            The
foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such person may be entitled
under the Company’s certificate of incorporation or bylaws, as a matter of law, or otherwise, or of any power that the Company may
have to indemnify or hold harmless.

 

20.            No
Rights as a Stockholder. Unless otherwise provided by the Plan Administrator or in the Award Agreement or in a written employment,
services or other agreement, no Participant will be deemed to be the holder of, or have any rights of a holder of, the shares of Common
Stock subject to an Award unless and until the date shares that are the subject of such Award have been issued and recorded as issued
in the records of the Company or those of its transfer agents or registrars. No adjustment to an Award will be made for a dividend or
other right for which the record date is prior to the date the shares of Common Stock are issued, except as provided in Section 14.

 

21.            Participants
in Other Countries or Jurisdictions. The Plan Administrator may grant Awards to Eligible Persons who are foreign nationals on
such terms and conditions different from those specified in the Plan, as may, in the judgment of the Plan Administrator, be necessary
or desirable to foster and promote achievement of the purposes of the Plan. The Plan Administrator has the authority to adopt Plan modifications,
administrative procedures, subplans and the like as may be necessary or desirable to comply with provisions of the Applicable Law of other
countries or jurisdictions in which the Company or any Related Company may operate or have employees.

 

22.            No
Trust or Fund. The Plan is intended to constitute an “unfunded” plan. Nothing contained herein will require the Company
to segregate any monies or other property, or shares of Common Stock, or to create any trusts, or to make any special deposits for any
immediate or deferred amounts payable to any Participant. No Participant will have any rights that are greater than those of a general
unsecured creditor of the Company. Proceeds received by the Company from the sale of shares of Common Stock pursuant to Awards will constitute
general funds of the Company.

 

23.            Successors.
All obligations of the Company under the Plan with respect to Awards will 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 the
business and/or assets of the Company. The Plan and the conditions of any Award will be binding on a Participant and the Participant’s
estate, executor, any receiver or trustee in bankruptcy and any representative of Participant’s creditors.

 

24.            Severability.
If any provision of the Plan or any Award is determined to be invalid, illegal or unenforceable in any jurisdiction, or as to any person,
or would disqualify the Plan or any Award under any law deemed applicable by the Plan Administrator, such provision will be construed
or deemed amended to conform to Applicable Law. If any such provision cannot be so construed or deemed amended without, in the Plan Administrator’s
determination, materially altering the intent of the Plan or the Award, such provision will be stricken as to such jurisdiction, person
or Award, and the remainder of the Plan and any such Award will remain in full force and effect.

 

    - 20 -

     

    

 

25.            Choice
of Law and Venue. The Plan, all Awards granted thereunder, and all determinations made and actions taken pursuant hereto, to the
extent not otherwise governed by the laws of the United States, will be governed by the laws of the State of Delaware without giving effect
to principles of conflicts of law. Participants irrevocably consent to the nonexclusive jurisdiction and venue of the state and federal
courts located in the State of California.

 

26.            Legal
Requirements. The granting of Awards and the issuance of shares of Common Stock under the Plan are subject to all Applicable Law.

 

27.     Electronic
Communication.     Any document required to be delivered
under the Plan, including under Applicable Law, may be delivered in writing or electronically. Signatures on any such document also may
be electronic if permitted by the Company.

 

28.            Effective
Date. The Plan will become effective on the date the stockholders approve the Plan (the “Effective Date”).

 

    - 21 -

     

    

 

Appendix A

 

Definitions

 

For purposes of the Plan:

 

“Acquired Entity” means any
entity acquired by the Company or a Related Company or with which the Company or a Related Company merges or combines.

 

“Admin Portal” means any third-party
online stock plan administration portal used to document and administer the Plan and Awards granted hereunder.

 

“Affiliate” of any Person means
a Person that directly or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with the
first mentioned Person. A Person will be deemed to control another Person if such first Person possesses directly or indirectly the power
to direct, or cause the direction of, the management and policies of the second Person, whether through the ownership of voting securities,
by contract or otherwise.

 

“Applicable Law” means the
requirements relating to the administration of the Plan and the Awards granted hereunder under any applicable securities, federal, state,
foreign, material local or municipal or other law, statute, constitution, principle of common law, resolution, ordinance, code, edict,
decree, rule, listing rule, regulation, judicial decision, ruling or requirement issued, enacted, adopted, promulgated, implemented or
otherwise put into effect by or under the authority of any governmental body (including under the authority of any applicable self-regulating
organization such as the Nasdaq Stock Market, the New York Stock Exchange, or the Financial Industry Regulatory Authority).

 

“Award” means any Option, Stock
Appreciation Right, Restricted Stock Award, Restricted Stock Unit, Performance Share Unit, Performance Unit, cash-based award or other
incentive payable in cash or in shares of Common Stock under the Plan, as may be designated by the Plan Administrator from time to time.

 

“Award Agreement” means the
written, including electronic, document stating the terms of the Award. The Award Agreement is subject to the terms and conditions of
the Plan.

 

“Award Expiration Date” means
the last day of the maximum term of an Award.

 

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

 

     

     

    

 

“Cause,” unless otherwise defined
in an Award Agreement or unless otherwise defined for purposes of an Award in a written employment, services or other agreement between
the Participant and the Company or a Related Company, means, with respect to a Participant, the occurrence of any of the following events:
(i) such Participant’s commission of any felony; (ii) such Participant’s commission of a crime involving fraud or
dishonesty under the laws of the United States or any state or jurisdiction thereof that are applicable to the Participant and which crime
is reasonably likely to result in material adverse effects (financial, reputational, or otherwise) on the Company or a Related Company;
(iii) such Participant’s material violation of any contract or agreement between the Participant and the Company or a Related
Company or material breach of any statutory duty owed to the Company or a Related Company; (iv) such Participant’s unauthorized
use or disclosure of the confidential information or trade secrets of the Company or a Related Company; or (v) such Participant’s
gross misconduct that is reasonably likely to result in material adverse effects on the Company or a Related Company (financial, reputational,
or otherwise). The determination that a termination of the Participant’s employment or service is either for Cause or without Cause
will be made by the Company’s chief human resources officer or other person performing that function or, in the case of Directors
and Officers, by the Board or the Compensation Committee, in its sole discretion. Any determination by the Plan Administrator that a Participant
was terminated with or without Cause for the purposes of outstanding Awards held by such Participant will have no effect on any determination
of the rights or obligations of the Company or such Participant for any other purpose.

 

“Change of Control,” unless
the Plan Administrator determines otherwise with respect to an Award at the time the Award is granted or unless otherwise defined for
purposes of an Award in a written employment, services or other agreement between the Participant and the Company or a Related Company,
means the consummation, in a single transaction or in a series of related transactions, of any one or more of the following events:

 

(a)     an
acquisition by any Entity of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or
more of either (i) the number of then outstanding shares of Class A common stock and Class B common stock (the “Outstanding
Company Common Stock”) or (ii) the total voting power of the then outstanding securities of the Company entitled to vote
generally in the election of Directors (the     “Outstanding
Company Voting Securities”); provided, however, that the following acquisitions will not constitute a Change of Control: (i) any
acquisition directly from the Company, other than an acquisition by virtue of the exercise of a conversion privilege where the security
being so converted was not acquired directly from the Company by the party exercising the conversion privilege, (ii) any acquisition
by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any
Related Company, (iv) any additional acquisition by an Entity then considered to own more than 50% of the Outstanding Company Common
Stock or the Outstanding Company Voting Securities; or (v) any acquisition by any Entity pursuant to a transaction that meets the
conditions of clauses (i), (ii) and (iii) set forth in the definition of Company Transaction;

 

(b)            a
change in the composition of the Board during any one-year consecutive period such that the Directors as of the beginning of such one-year
period (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however,
that any individual who becomes a Director subsequent to the beginning of the one-year period, whose election, or nomination for election
by the Company’s stockholders, was approved by a vote of at least a majority of Directors who were also members of the Incumbent
Board (or deemed to be pursuant to this proviso) will be considered as though such individual were a member of the Incumbent Board; and
provided further, that any such individual whose initial assumption of office occurs as a result of or in connection with an actual or
threatened election contest with respect to the election or removal of Directors or other actual or threatened solicitation of proxies
or consents by or on behalf of an Entity other than the Board will not be considered a member of the Incumbent Board; or

 

    - A-2 -

     

    

 

(c)            the
consummation of a Company Transaction.

 

Where a series of transactions
undertaken with a common purpose is deemed to be a Change of Control, the date of such Change of Control will be the date on which the
last of such transactions is consummated.

 

If necessary for compliance
with Section 409A, no transaction will be a Change of Control unless it is also a change in the ownership or effective control of
the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of
the Code and Treasury Regulations Section 1.409A-3(i)(5).

 

“Code” means the U.S. Internal
Revenue Code of 1986, as amended from time to time. Reference to a section of the Code or regulation related to that section will include
such section or regulation, any valid regulation issued or other official applicable guidance of general or direct applicability promulgated
under such section or regulation, and any comparable provision of any future legislation, regulation or official guidance of general or
direct applicability amending, supplementing or superseding such section or regulation.

 

“Common Stock” means the Class A
common stock, par value $0.001 per share, of the Company.

 

“Company” means Knightscope, Inc.,
a Delaware corporation, or any of its successors.

 

“Company Transaction,” unless
the Plan Administrator determines otherwise with respect to an Award at the time the Award is granted or unless otherwise defined for
purposes of an Award in a written employment, services or other agreement between the Participant and the Company or a Related Company,
means consummation of:

 

(a)            a
merger or consolidation of the Company with or into any other company;

 

(b)            a
sale in one transaction or a series of transactions undertaken with a common purpose of all of the Outstanding Company Common Stock or
the Outstanding Company Voting Securities; or

 

(c)            a
sale, lease, exchange, exclusive license or other disposition in one transaction or a series of related transactions undertaken with a
common purpose of all or substantially all of the consolidated assets of the Company and its subsidiaries to a Person or Entity,

 

excluding, however, in each
case, any such transaction pursuant to which:

 

(i)            the
Entities who are the beneficial owners of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately
prior to such transaction will beneficially own, directly or indirectly, at least 50% of the outstanding shares of common stock of the
Successor Company and at least 50% of the total voting power of the then outstanding voting securities entitled to vote generally in the
election of directors of the Successor Company, in substantially the same proportions as their ownership, immediately prior to such transaction,
of the Outstanding Company Common Stock and the Outstanding Company Voting Securities;

 

    - A-3 -

     

    

 

(ii)            no
Entity (other than the Company or a Related Company, or any employee benefit plan (or related trust) of the Company, a Related Company
or a Successor Company) will beneficially own, directly or indirectly, more than 50% of the outstanding shares of common stock of the
Successor Company or the total voting power of the outstanding voting securities of the Successor Company entitled to vote generally in
the election of directors, unless such ownership resulted solely from ownership of securities of the Company prior to such transaction;
and

 

(iii)            individuals
who were members of the Incumbent Board will immediately after the consummation of such transaction constitute at least a majority of
the members of the board of directors of the Successor Company.

 

Where a series of transactions
undertaken with a common purpose is deemed to be a Company Transaction, the date of such Company Transaction will be the date on which
the last of such transactions is consummated.

 

“Compensation Committee” means
the Compensation Committee of the Board or a committee of the Board otherwise named but performing similar functions, including a subcommittee
thereof.

 

“Director” means a member of
the Board.

 

“Disability,” unless otherwise
defined by the Plan Administrator for purposes of the Plan or in an Award Agreement or unless otherwise defined for purposes of an Award
in a written employment, services or other agreement between the Participant and the Company or a Related Company, means a mental or physical
impairment of the Participant that is expected to result in death or that has lasted or is expected to last for a continuous period of
12 months or more and that causes the Participant to be unable to perform the Participant’s material duties for the Company or a
Related Company and to be engaged in any substantial gainful activity, in each case as determined by the Company’s chief human resources
officer or other person performing that function or, in the case of Directors and Officers, the Board or the Compensation Committee, each
of whose determination will be conclusive and binding.

 

“Effective Date” has the meaning
set forth in Section 28 of the Plan.

 

“Eligible Person” means any
person eligible to receive an Award as set forth in Section 5 of the Plan.

 

“Entity” means any individual,
entity or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act).

 

“Exchange Act” means the U.S.
Securities Exchange Act of 1934, as amended from time to time.

 

“Fair Market Value” means the
per share fair market value of the Common Stock on any given date, determined as follows:

 

(a)            if
the principal market for the Common Stock is an established stock exchange or national market system, the closing sales price per share
of the Common Stock during regular trading, or if not trading on that date (e.g., a weekend or holiday), such price on the last preceding
date on which the Common Stock was traded;

 

    - A-4 -

     

    

 

(b)            if
the principal market for the Common Stock is not a national stock exchange or national market system, the average of the highest bid and
lowest asked prices for the Common Stock as reported on a national quotation system, or if not quoted on that date, such price on the
last preceding date on which the prices were quoted; or

 

(c)            if
Fair Market Value cannot be determined in a manner permitted under clauses (a) and (b), by the Plan Administrator in good faith in
a manner consistent with Section 409A and 422 of the Code, as applicable.

 

In determining the value of
a share for tax reporting purposes and such other purposes as determined by the Plan Administrator, the Plan Administrator may calculate
Fair Market Value using the foregoing methods, the actual sales price in the transaction at issue (e.g., “sell to cover”),
or such other value determined by the Company in good faith in a manner that complies with applicable tax laws.

 

“Fixed Share Reserve” has the
meaning set forth in Section 4(a)(i) of the Plan.

 

“Grant Date” means the later
of (a) the date on which the Plan Administrator completes the corporate action authorizing the grant of an Award or such later date
specified by the Plan Administrator and (b) the date on which all conditions precedent to an Award have been satisfied, provided
that conditions to the exercisability or vesting of Awards will not defer the Grant Date.

 

“Incentive Stock Option” or
 “ISO” means an Option granted with the intention that it qualify as an “incentive stock option” as that
term is defined for purposes of Section 422 of the Code or any successor provision.

 

“ISO Limit” has the meaning
set forth in Section 4(c) of the Plan.

 

“Nonqualified Stock Option”
or “NSO” means an Option that does not qualify as an Incentive Stock Option.

 

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

 

“Option” means a right to purchase
Common Stock granted under Section 7 of the Plan. Options are either Incentive Stock Options or Nonqualified Stock Options.

 

“Option Term” means the maximum
term of an Option as set forth in Section 7(c) of the Plan.

 

“Outstanding Company Common Stock”
has the meaning set forth in the definition of “Change of Control.”

 

    - A-5 -

     

    

 

“Outstanding Company Voting Securities”
has the meaning set forth in the definition of “Change of Control.”

 

“Participant” means any Eligible
Person to whom an Award is granted.

 

“Performance Period” has the
meaning set forth in Section 6(f) of the Plan.

 

“Performance Share Unit” means
an Award of units denominated in shares of Common Stock granted under Section 10 of the Plan.

 

“Performance Unit” means an
Award of units denominated in cash or property other than shares of Common Stock granted under Section 10 of the Plan.

 

“Person” means any individual,
corporation, partnership (limited or general), limited liability company, limited liability partnership, association, trust, joint venture,
unincorporated organization or similar entity.

 

“Plan” means the 2022 Equity
Incentive Plan.

 

“Plan Administrator” has the
meaning set forth in Section 3(b) of the Plan.

 

“Related Company” means any
 “parent” or “subsidiary” of the Company, as such terms are defined under Rule 405 of the Securities Act.

 

“Restricted Stock Award” means
an Award of shares of Common Stock granted under Section 9 of the Plan, either with or without payment of a purchase price, the rights
of which are subject to vesting, forfeiture or similar restrictions prescribed by the Plan Administrator.

 

“Restricted Stock Unit” or
 “RSU” means an Award denominated in units of Common Stock granted under Section 9 of the Plan that represents
an unfunded, unsecured right to receive the Fair Market Value of one share of Common Stock for each unit subject to the Award in cash,
Common Stock or other securities, on the date of vesting or settlement.

 

“Section 409A” means Section 409A
of the Code.

 

“Securities Act” means the
U.S. Securities Act of 1933, as amended from time to time.

 

“Service” means there has not
been a Termination of Service with respect to a Participant.

 

“Share Reserve” has the meaning
set forth in Section 4(a)(iii) of the Plan.

 

“Stock Appreciation Right”
or “SAR” means a right granted under Section 7 of the Plan to receive, in cash, shares of Common Stock or other
securities, (i) the Fair Market Value per share of Common Stock on the date of exercise minus the grant price per share of Common
Stock subject to the SAR, multiplied by (ii) the number of shares of Common Stock with respect to which the SAR is exercised.

 

    - A-6 -

     

    

 

“Stock Award” means an Award
of shares of Common Stock granted under Section 9 of the Plan, the rights of ownership of which are not subject to vesting, forfeiture
or similar restrictions prescribed by the Plan Administrator.

 

“Substitute Awards” means Awards
granted or shares of Common Stock issued by the Company in substitution or exchange for awards previously granted by an Acquired Entity.

 

“Successor Company” means the
surviving company, the successor company, the acquiring company or its parent, as applicable, in connection with a Change of Control.

 

“Termination of Service,” unless
the Plan Administrator determines otherwise with respect to an Award, means a termination of employment or service relationship with the
Company or a Related Company for any reason, whether voluntary or involuntary, including by reason of death or Disability. Any question
as to whether and when there has been a Termination of Service for the purposes of an Award and the cause of such Termination of Service
will be determined by the Company’s chief human resources officer or other person performing that function or, with respect to Directors
and Officers, by the Board or the Compensation Committee, whose determination will be conclusive and binding. Transfer of a Participant’s
employment or service relationship between the Company and any Related Company will not be considered a Termination of Service for purposes
of an Award. Unless the Plan Administrator determines otherwise, a Termination of Service will be deemed to occur if the Participant’s
employment or service relationship is with an entity that has ceased to be a Related Company. A Participant’s change in status from
an employee of the Company or a Related Company to a nonemployee Director, consultant, advisor or independent contractor of the Company
or a Related Company, or a change in status from a nonemployee Director, consultant, advisor or independent contractor of the Company
or a Related Company to an employee of the Company or a Related Company, will not be considered a Termination of Service.

 

“Transfer” means, as the context
may require, (a) any sale, assignment, pledge (as collateral for a loan or as security for the performance of an obligation or for
any other purpose), hypothecation, mortgage, encumbrance or other disposition, whether by contract, gift, will, intestate succession,
operation of law or otherwise, of all or any part of an Award or shares issued thereunder, as applicable, (b) any transaction designed
to give the stockholder essentially the same economic benefit as any of the foregoing, and (c) any verb equivalent of the foregoing.

 

“Vesting Commencement Date”
means the Grant Date or such other date selected by the Plan Administrator as the date from which an Award begins to vest.

 

    - A-7 -Exhibit 10.1

 

ASSET PURCHASE AGREEMENT

 

THIS ASSET PURCHASE AGREEMENT (the
“Agreement”) is made and entered into as of June 22, 2022, by and BETWEEN NYSWAP INC. a New York state corporation
(the “Purchaser”) and PX Capital USA Inc., a Delaware state corporation (the “Seller”) (collectively,
the “Parties”).

 

DEFINITIONS

 

		(a)	“Business Day” means any day of the year other than (i) any Saturday
or Sunday or (ii) any other day on which banks located in New York, New York generally are closed for business;

 

		(b)	“Governmental Authority” means any legislature, administrative
body, agency, instrumentality, court, tribunal or other authority of any international, national, federal, state, local, foreign or other
government or political subdivision thereof;

 

		(c)	“Governmental Order” means any order, writ, judgment, injunction,
decree, stipulation, determination or award entered by or with any Governmental Authority;

 

		(d)	“Intellectual Property” means all intellectual property arising
from or in respect of the following: (i) all patents and applications therefor, including continuations, continuations- in-part, or reissues
of patent applications and patents issuing thereon, (ii) all trademarks, service marks, trade names, service names, brand names, all trade
dress rights, logos, internet domain names and corporate names and general intangibles of a like nature, together with the goodwill associated
with any of the foregoing, and all applications, registrations and renewals thereof, (iii) copyrights and registrations and applications
therefor and works of authorship, and mask work rights, (iv) all software, (v) all Social Media Platforms, (vi) confidential information,
know-how, trade secrets and inventions and (vii) all other intellectual property.

 

		(e)	“Law” means any law, statute, ordinance, rule, regulation, judgment,
decree, ruling, injunction or order of any Governmental Authority, as in effect from time to time, including as amended, modified or supplemented,
in whole or in part, and including any rules and regulations promulgated thereunder.

 

		(f)	“Lien” means any mortgage, deed of trust, collateral assignment,
security interest, lien, pledge, hypothecation or other encumbrance.

 

		(g)	“Material Adverse Effect” means any material adverse effect
on the business, operations, assets, financial conditions or prospects of either party, if any, taken as a whole, or on the transactions
contemplated hereby or by the agreements or instruments to be entered into in connection herewith.

 

		(h)	“Person” shall mean any individual, corporation, limited liability
company, partnership, association, trust, estate or other entity or organization;

 

RECITALS

 

WHEREAS, the Seller owns
and operated NY Swap (the “App”), a peer-to-peer money transfer mobile application, and owns and otherwise has rights,
title or interests in assets that relate primarily to, or are used primarily, or held for use primarily in connection with the operation
of the App (collectively with the App, the “App Assets”); and

 

     

     

    

 

WHEREAS, the Purchaser is
a wholly owned subsidiary of Wave Sync Corp. (“WAYS” or the “Parent Co”). WAYS is a company with
its shares listed on the OTC Pink tier of the OTC markets with the ticker symbol “WAYS”.

 

WHEREAS, the Purchaser
wishes to purchase from Seller, and Seller wishes to sell to Purchaser, or cause to be sold to Purchaser, all of the App Assets (collectively,
the “Purchased Assets”).

 

NOW, THEREFORE, in consideration
of the foregoing and representations, warranties, covenants and agreements herein contained and other good and valuable consideration
the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:

 

ARTICLE I

PURCHASE
AND SALE OF PURCHASED ASSETS

 

1.1
Purchase and Sale of Purchased Assets. Subject to the terms and conditions of this Agreement, at the Closing, Seller shall
sell, assign, convey, transfer and deliver to Purchaser, and Purchaser shall purchase, acquire and take assignment, conveyance, transfer
and delivery of, all of Seller’s rights, title and interests in and to the Purchased Assets, including:

 

		(a)	those Contracts of Seller that relate primarily to, or are used primarily or held
for use primarily in connection with the operation of, the App, including any Intellectual Property Agreements (collectively, the “Purchased
Contracts”);

 

		(b)	those licenses and permits of Seller that relate primarily to, or are used primarily
or held for use primarily in connection with the operation of, the App, including but not limited to licenses and permits to any Licensed
Intellectual Property (collectively, the “Purchased Licenses”);

 

		(c)	all rights to Intellectual Property Assets (the “Purchased Intellectual Property”);

 

		(d)	all information, records, documents and files of Seller that relate in a material
way to, or are used primarily or held for use in connection with the operation of, the App, or that relate to any Assumed Liabilities
(collectively, the “Purchased Records”); provided, that Seller shall be entitled to keep a copy of all Purchased Records;

 

		(e)	all rights of Seller under warranties, indemnities and similar rights against third
parties to the extent related to any Purchased Assets;

 

		(f)	all Social Media Accounts, and all credentials and content created or used in connection
therewith.

 

1.2 
Purchase Price. The Purchaser and the Seller agree that the aggregate consideration to be paid for the Purchased Assets shall
be Eight Million Six Hundred and Four Thousand Dollars ($8,604,000.00) (the “Purchase Price”), determined pursuant
to a valuation process that has been performed as of May 31, 2022 by Access Partner Professional Services Limited (“Access Partner”),
in accordance with instructions and information that have been given to Access Partner by the Seller.

 

    2

     

    

 

The Purchase Price
shall be made by the Purchaser to the Seller by means of One Million Two Hundred and Twenty Thousand Four Hundred and Twenty-Six (1,220,426)
shares of the common stock of WAYS (the “Consideration Shares”).1

 

ARTICLE II

REPRESENTATIONS AND WARRANTIES

OF THE SELLER

 

The Seller hereby represents and warrants to the Purchaser:

 

2.1 
Due Organization. Seller is a corporation duly organized, validly existing and in good standing under the Laws of the State
of Delaware, with all requisite power and authority to own and operate the App as it is now owned and operated. Seller is duly licensed
or qualified to do business and is in good standing in each jurisdiction in which the ownership of their respective Purchased Assets or
the operation of the App as currently operated makes such licensing or qualification necessary, except where failures to be so licensed
or qualified would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

 

2.2
Due Authorization. Seller has full power and authority to enter into this Agreement and to consummate the transactions contemplated
hereby and thereby. The execution, delivery and performance by Seller of this Agreement have been duly and validly approved by the board
of directors of Seller and no other corporate actions or proceedings on the part of Seller are necessary to authorize this Agreement.
Seller has duly and validly executed and delivered this Agreement. This Agreement, constitutes, upon execution and delivery by Seller,
the legal, valid and binding obligation of Seller, enforceable against Seller according to its terms, except as such enforceability may
be limited by applicable bankruptcy, insolvency, moratorium, reorganization or similar Laws in effect which affect the enforcement of
creditors’ rights generally or by equitable principles.

 

2.3 
Consents and Approvals; Authority Relevant to this Agreement. (i) the execution, delivery and performance by Seller of this
Agreement and the consummation of the transactions contemplated hereby and thereby will not (a) violate any Law applicable to Seller;
(b) violate, conflict with, result in a breach or default under, result in the acceleration of or create in any party the right to accelerate,
terminate or cancel any contract to which the operation of the App is subject; or (c) violate or conflict with the Certificate of Incorporation
or Bylaws of Seller; except, in the cases of clauses (a) or (b) above, in such instances as would not reasonably be expected, individually
or in the aggregate, to have a Material Adverse Effect), and (ii) no consent, approval, waiver or authorization is required to be obtained
by Seller from any person or entity (including any Governmental Authority) in connection with the execution, delivery and performance
by Seller of this Agreement and the consummation of the transactions contemplated hereby (the “Necessary Consents”)
except to the extent that the failure to obtain such Necessary Consents would not reasonably be expected to have, in the aggregate, a
Material Adverse Effect.

 

 

		1	The Seller and the Purchaser agree that the appraised value
of the Consideration Shares for the purpose of this Agreement is $7.05/share, which is the weighted average of the closing share price
of the Consideration Shares for the sixty (60) trading days up to the date immediately prior to the date of this Agreement.

 

    3

     

    

 

2.4  Purchased
Assets. Seller has good and valid title to, and is the lawful owner of, or has a valid leasehold interest in, its Purchased
Assets, free and clear of any Lien, except (a) Liens which shall be removed prior to the closing; (b) mechanic, carrier,
workers’ and other similar Liens arising in the ordinary course of business and consistent with past practice; (c) minor
imperfections of title, if any, none of which is substantial in amount, materially detract from the value of the Purchased Asset
subject thereto or materially impair the operation of the Purchased Assets; and (d) Liens for Taxes not yet due and payable
(collectively, the “Permitted Liens”).

 

2.5 
Purchased Contracts. Seller is not in default or breach in any material respect under the terms of any Purchased Contract and,
to Seller’s Knowledge, no event or circumstance has occurred that, with notice or lapse of time or both, would constitute a material
default or breach by Seller under any Purchased Contract. To Seller’s Knowledge, (i) no Purchased Contract has been materially defaulted
on or breached, or canceled, by any other party thereto, and (ii) no event or circumstance has occurred that, with notice or lapse of
time or both, would constitute a material default or breach, or cancellation by any other party to any Purchaser Contract. Seller has
not assigned, delegated or otherwise transferred to any person any of its rights, title or interests under any Purchased Contract. Each
Purchased Contract is legal, valid and binding against Seller and, to Seller’s Knowledge, the other parties thereto, and in full
force and effect and, subject to the terms of this Agreement, will continue as such following the consummation of the transactions contemplated
hereby.

 

2.6 Purchased Licenses.
The Purchased Licenses include all licenses and permits necessary for the lawful operation of the App, except where failures to have
any such license or permit would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

 

2.7 
Taxes. Except in such instances as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse
Effect, (a) all federal, state, local and foreign Tax Returns required by Law to be filed by Seller has been duly filed in a timely manner,
and all such Tax Returns were true and complete in all material respects; (b) Seller does not have any material liability due and payable
for federal, state, local or foreign Taxes (other than Taxes that are being contested in good faith) that have not been paid or reserved
for; (c) to Seller’s Knowledge, Seller has withheld and paid all Taxes required to have been withheld and paid in connection with
any amounts paid or owing to any employee, independent contractor, creditor, shareholder or other third party; (d) Seller has not received
any written notice of deficiency or assessment from any taxing Governmental Authority with respect to material liabilities for Taxes which
have not been fully paid or finally settled; and (e) no audit, examination or other proceeding regarding Taxes is in progress or threatened
in writing with respect to Seller.

 

2.8
Compliance with Law. Seller’s operation of the App is in compliance with all applicable Laws, except in such instances
as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

 

2.9  Litigation.
There are no actions pending or, to Seller’s Knowledge, threatened against or by Seller (a) relating to or affecting App
operations or the Purchased Assets, or (b) that challenge or seek to prevent, enjoin or otherwise delay the transactions
contemplated by this Agreement and the other Transaction Documents. No event has occurred and no circumstances exist that may
reasonably be expected to give rise to, or serve as a basis for, any such action.

 

    4

     

    

 

There are no outstanding orders of
any Governmental Authority or unsatisfied judgments or awards to which Seller is subject or to which its assets are bound that would reasonably
be expected to have a material and adverse effect on the ability of Seller to perform its obligations under this Agreement.

 

2.10. Shareholder
Approval. The transactions contemplated by this Agreement have been duly approved by the shareholders of Seller.

 

ARTICLE III

REPRESENTAITONS
AND WARRANTIES OF THE PURCHASER

 

The Purchaser hereby represents and warrants
to the Seller:

 

3.1
Due Organization. Purchaser is a limited liability company duly organized, validly existing and in good standing under the
Laws of the State of New York, with all requisite power and authority to own, lease and operate its properties and to carry on its business
as they are now being owned, leased, operated and carried on.

 

3.2
Due Authorization. Purchaser has full power and authority to enter into this Agreement and to consummate the transactions contemplated
hereby and thereby. The execution, delivery and performance by Purchaser of this Agreement have been duly and validly approved under the
certificate of formation, operating agreement and similar organizational documents of Purchaser and no other actions or proceedings on
the part of Purchaser are necessary to authorize this Agreement and the transactions contemplated hereby and thereby. Purchaser has duly
and validly executed and delivered this Agreement. This Agreement, upon execution and delivery by Purchaser, the legal, valid and binding
obligation of Purchaser, enforceable against Purchaser according to its terms, except as such enforceability may be limited by applicable
bankruptcy, insolvency, moratorium, reorganization or similar Laws in effect which affect the enforcement of creditors’ rights generally
or by equitable principles.

 

3.3
Consents and Approvals. The execution, delivery and performance by Purchaser of this Agreement and the consummation of the
transactions contemplated hereby and thereby will not (a) violate any Law applicable to Purchaser; (b) violate, conflict with, result
in a breach or default under, result in the acceleration of or create in any party the right to accelerate, terminate or cancel any Contract
to which Purchaser is a party or by which Purchaser or any of its assets or properties are subject or bound; or (c) violate or conflict
with the certificate of formation, operating agreement and similar organizational documents of Purchaser; except, in the cases of clauses
(a) or (b) above, in such instances as would not have a material adverse effect on Purchaser or its ability to perform its obligations
under this Agreement.

 

    5

     

    

 

3.4  
Finances; Solvency. Purchaser has available funds necessary to pay the closing Purchase Price payment and to pay any other
amounts payable pursuant to this Agreement and to effect the transactions contemplated hereby and thereby. Purchaser will not become insolvent
as a result of consummating the transactions contemplated by this Agreement.

 

3.5
Litigation. There are no actions pending or, to Purchaser’s knowledge, threatened against or by Purchaser that challenge
or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No event has occurred and no circumstances
exist that may reasonably be expected to give rise to, or serve as a basis for, any such action.

 

There are no outstanding orders of
any Governmental Authority or unsatisfied judgments or awards to which Purchaser is subject or to which its assets are bound that would
reasonably be expected to have a material and adverse effect on the ability of Purchaser to perform its obligations under this Agreement.

 

ARTICLE IV

 CLOSING

 

6.1 Unless
the Parties agree otherwise in writing and subject to the conditions stated in this Agreement, the asset purchase shall occur on or before
June 10, 2022, at 5 P.M. Eastern Standard Time (the “Closing Date”). On Closing Date, all of the transactions contemplated
by this Agreement shall be carried out to the fullest extent possible and all parties shall do all things and sign all documents as may
be necessary to facilitate the carrying out of those transactions.

 

ARTICLE
VII

 MISCELLANEOUS

 

7.1 
Denial of Merger. None of the covenants, warranties, representations or undertakings given by any party to this Agreement shall
be deemed to merge or be modified on Completion by the carrying out of any transactions or by the doing of any act of things by any party
pursuant to this Agreement with the intent that all such covenants, warranties, representations and undertakings shall continue to be
fully binding and enforceable by any party against any other party to this Agreement after Completion.

 

7.2 
Denial of Waiver. No party shall be deemed to have waived any of its rights to enforce any of the terms of this Agreement or
to make any claim in respect of any breach of this Agreement, unless such waiver is in writing signed by the party giving such waiver.

 

7.3
Variations. Any amendment or variation of this Agreement must be in writing and signed by all Parties.

 

7.4  
Assignment. Neither party hereto may assign this Agreement without the written consent of the other.

 

7.5 Governing Law;
Venue. This Agreement shall be governed by and construed and enforced in accordance with the laws of the United States and with
the laws of the State of New York without giving effect to the choice of law or conflict of law provisions thereof. The Parties
hereby consent to jurisdiction and venue in the federal and state courts located in the State of New York.

 

7.6  
Whole Agreement. This Agreement represents the whole agreement between the Parties and no prior representation, understandings,
arrangements or undertakings not expressly set out in this Agreement shall have any effect on the construction of the terms of this Agreement
or be implied into this Agreement and each party expressly acknowledges to the other party that they have not relied on any such prior
representations, understandings, arrangements or undertakings in deciding to enter into this Agreement on the terms herein contained.

 

[Signature Page Follows]

 

    6

     

    

 

	 	NY SWAP INC.
	 	 	 
	 	By:	 
	 	Name: 	 
	 	Title:	 
	 	 	 
	 	Date:	 
	 	 	 
	 	PX Capital USA Inc.
	 	 	 
	 	By:	 
	 	Name	 
	 	Title:	 
	 	 	 
	 	Date:	 

 

 

7

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