Document:

Exhibit 10.6

 

HYRECAR INC

 

2016 EQUITY INCENTIVE PLAN

 

Section
1.Purpose; Definitions. The purposes of the Hyrecar Inc, 2016 Equity Incentive Plan (the “Plan”)
are to enable Hyrecar Inc (the “Company”) and its affiliated companies to recruit and retain highly qualified
personnel, to provide those personnel with an incentive for productivity and to provide those personnel with an opportunity to
share in the growth and value of the Company. This Plan is intended to be exempt from Code Section 409A, and shall be administered
and interpreted in a manner to preserve that exemption.

 

For purposes of the Plan,
the following initially capitalized words and phrases will be defined as set forth below:

 

(a) “Affiliate”
means any Person that directly or indirectly controls, or is controlled by, or is under common control with the Company (or its
successors).

 

(b) “Award”
means a grant of Options, SARs, Restricted Stock, or Restricted Stock Units pursuant to the provisions of the Plan.

 

(c) “Award
Agreement” means, with respect to any particular Award, the written document that sets forth the terms of that particular
Award.

 

(d) “Board”
means the Board of Directors of the Company, as constituted from time to time; provided, however, that if
the Board appoints a Committee to perform some or all of the Board’s administrative functions hereunder pursuant to Section
2 hereof, references in the Plan to the “Board” will be deemed to also refer to that Committee in connection with
matters to be performed by that Committee.

 

(e) “Cause”
means (i) conviction of, or the entry of a plea of guilty or no contest to, a felony or any other crime that causes the Company
or its Affiliates public disgrace or disrepute, or adversely affects the Company’s or its Affiliates’ operations,
condition (financial or otherwise), prospects or interests, (ii) gross negligence or willful misconduct with respect to the
Company or any of its Affiliates, including, without limitation fraud, embezzlement, theft or dishonesty in the course of his
or her employment; (iii) alcohol abuse or use of controlled drugs other than in accordance with a physician’s prescription;
(iv) refusal, failure or inability to perform any material obligation or fulfill any duty (other than any duty or obligation
of the type described in clause (vi) below) to the Company or any of its Affiliates (other than due to a Disability), which failure,
refusal or inability is not cured within 10 days after delivery of notice thereof; (v) material breach of any agreement with
or duty owed to the Company or any of its Affiliates; or (vi) any breach of any obligation or duty to the Company or any
of its Affiliates (whether arising by statute, common law, contract or otherwise) relating to confidentiality, noncompetition,
nonsolicitation or proprietary rights. Notwithstanding the foregoing, if a Participant and the Company (or any of its Affiliates)
have entered into an employment agreement, consulting agreement or other similar agreement that specifically defines “cause,”
then with respect to such Participant, “Cause” shall have the meaning defined in that employment agreement, consulting
agreement or other agreement.

 

     

     

    

 

(f) “Change
in Control” means, with respect to any entity: (i) any entity, person or group (within the meaning of Section 13(d)(3)
or Section 14(d)(2) of the Exchange Act), other than (A) the Company, (B) its Parent or any of its Subsidiaries, (C) any employee
benefit plan (or related trust) sponsored or maintained by the Company or any of its Subsidiaries or (D) any stockholder of the
Company as of the effective date of the Plan, shall have acquired beneficial ownership of, or shall have acquired voting control
over, 50% or more of the outstanding capital stock entitled to vote in the election of directors of the entity (on a fully diluted
basis), unless the transaction pursuant to which such person, entity or group acquired such beneficial ownership or control resulted
from the original issuance by such entity of shares of its voting capital stock; (ii) a consolidation, share exchange, reorganization
or merger of the entity resulting in the stockholders of the entity immediately prior to such event not owning at least a majority
of the voting power of the resulting entity’s securities outstanding immediately following such event or, if the resulting
entity is a direct or indirect subsidiary of the entity whose securities are issued in such transaction(s), the voting power of
such issuing entity’s securities outstanding immediately following such event; (iii) the sale or other disposition of all
or substantially all the assets of the entity (other than a transfer of financial assets made in the ordinary course of business
for the purpose of securitization or any similar purpose); (iv) a liquidation or dissolution of the entity; or (v) any similar
event deemed by the Board to constitute a Change in Control for purposes of the Plan.

 

For the avoidance of
doubt, a transaction or a series of related transactions will not constitute a Change in Control if such transaction(s) result(s)
in the entity, any successor to the entity, or any successor to the entity’s business, being controlled, directly or indirectly,
by the same Person or Persons who controlled such entity, directly or indirectly, immediately before such transaction(s).

 

(g) “Code”
means the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto.

 

(h) “Committee”
means a committee appointed by the Board in accordance with Section 2 of the Plan.

 

(i) “Common
Stock” means the common stock, par value $0.0001 per share, of the Company.

 

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

 

(k) “Disability”
means a condition rendering a Participant Disabled.

 

(l) “Disabled”
will have the same meaning set forth in Section 22(e)(3) of the Code.

 

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

 

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(n) “Fair
Market Value” means, as of any date: (i) if the Shares are not publicly traded, the value of such Shares on that date,
as reasonably determined by the Board in a manner that preserves the exemption of Plan benefits under Code Section 409A;
or (ii) if the Shares are publicly traded, then the Fair Market Value per Share shall be determined as follows: (A) if the principal
trading market for the Shares is a national securities exchange or the Nasdaq National Market, the price per Share at the close
of regular trading on the relevant date (or, if the relevant date is not a day in which the Shares are being traded, then the
last such date before the relevant date), or (B) if the Shares are not principally traded on such exchange or market, the mean
between the last reported “bid” and “asked” prices of Shares on the relevant date (or, if the relevant
date is not a date upon which a sale was reported, as reported on Nasdaq or, if not so reported, as reported by the National Daily
Quotation Bureau, Inc. or as reported in a customary financial reporting service, as applicable, then the last such date before
the relevant date) and as the Board determines.

 

(o) “Incentive
Stock Option” means any Option intended to be and designated as an “Incentive Stock Option” within the meaning
of Section 422 of the Code.

 

(p) “Non-Employee
Director” will have the meaning set forth in Rule 16b-3(b)(3)(i) promulgated by the Securities and Exchange Commission
under the Exchange Act, or any successor definition adopted by the Securities and Exchange Commission; provided, however,
that the Board or the Committee may, to the extent that it deems necessary to comply with Section 162(m) of the Code or regulations
thereunder, require that each “Non-Employee Director” also be an “outside director” as that term is defined
in regulations under Section 162(m).

 

(q) “Non-Qualified
Stock Option” means any Option that is not an Incentive Stock Option.

 

(r) “Option”
means any option to purchase Shares (including Restricted Stock, if the Board so specifies in the applicable Award Agreement) granted
pursuant to Section 5 hereof.

 

(s) “Parent”
means, in respect of the Company, a “parent corporation” as defined in Section 424(e) of the Code.

 

(t) “Participant”
means an employee, consultant, Director, or other service provider of or to the Company or any of its Affiliates to whom an Award
is granted.

 

(u) “Person”
means an individual, partnership, corporation, limited liability company, trust, joint venture, unincorporated association, or
other entity or association.

 

(v) “Restricted
Stock” means Shares that are subject to restrictions pursuant to Section 8 hereof.

 

(w) “Restricted
Stock Unit” means a right granted under and subject to restrictions pursuant to Section 9 hereof.

 

(x) “SAR”
means a stock appreciation right granted under the Plan and described in Section 6 hereof.

 

(y) “Shares”
means shares of the Company’s Common Stock subject to the Plan and subject to substitution or adjustment as provided in Section
3 hereof.

 

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(z)
“Subsidiary” means, in respect of the Company, a subsidiary company, whether now or hereafter existing, as
defined in Sections 424(f) and (g) of the Code.

 

Section
2.Administration. The Plan will be administered by the Board; provided, however, that the
Board may at any time appoint a Committee to perform some or all of the Board’s administrative functions hereunder; provided
further, that the authority of any Committee appointed pursuant to this Section 2 will be subject to such terms and
conditions as the Board may prescribe and will be coextensive with, and not in lieu of, the authority of the Board hereunder.

 

Subject to the requirements
of the Company’s Bylaws and Certificate of Incorporation, each as amended from time to time, and any other agreement that
governs the appointment of Board committees, any Committee established under this Section 2 will be composed of not fewer
than two members, each of whom will serve for such period of time as the Board determines; provided, however, that
if the Company has a class of securities required to be registered under Section 12 of the Exchange Act, all members of any
Committee established pursuant to this Section 2 will be Non-Employee Directors. From time to time the Board may increase
the size of the Committee and appoint additional members thereto, remove members (with or without cause) and appoint new members
in substitution therefor, fill vacancies however caused, or remove all members of the Committee and thereafter directly administer
the Plan.

 

Directors who are eligible
for Awards or have received Awards may vote on any matters affecting the administration of the Plan or the grant of Awards, except
that no such member will act upon the grant of an Award to himself or herself, but any such member may be counted in determining
the existence of a quorum at any meeting of the Board during which action is taken with respect to the grant of Awards to himself
or herself.

 

The Board will have full
authority to grant Awards under this Plan. In particular, subject to the terms of the Plan, the Board will have the authority:

 

(a) to
select the Persons to whom Awards may from time to time be granted hereunder (consistent with the eligibility conditions set forth
in Section 4);

 

(b) to
determine the type of Award to be granted to any Person hereunder;

 

(c) to
determine the number of Shares, if any, to be covered by each Award;

 

(d) to
establish the terms and conditions of each Award Agreement;

 

(e) to
adopt, alter and repeal such administrative rules, guidelines and practices governing the Plan as it, from time to time, deems
advisable;

 

(f) to
interpret the terms and provisions of the Plan and any Award issued under the Plan (and any Award Agreement);

 

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(g) to
correct any defect, supply any omission or reconcile any inconsistency in the Plan or in any Award Agreement in the manner and
to the extent it deems necessary to carry out the intent of the Plan; and

 

(h) to
otherwise supervise the administration of the Plan.

 

All decisions made by
the Board pursuant to the provisions of the Plan will be final and binding on all persons, including the Company and Participants.
No Director will be liable for any good faith determination, act or omission in connection with the Plan or any Award.

 

Section
3.Shares Subject to the Plan.

 

(a) Shares
Subject to the Plan. The Shares to be subject to or related to Awards under the Plan will be authorized and unissued Shares
of the Company. The maximum number of Shares that may be subject to Awards under the Plan is 4,100,000, all of which Shares subject
to the Plan may be issued in respect of Incentive Stock Options. The Company will reserve for the purposes of the Plan, out of
its authorized and unissued Shares, such number of Shares.

 

(b) Effect
of the Expiration or Termination of Awards. If and to the extent that an Option or SAR expires, terminates or is canceled or
forfeited for any reason without having been exercised in full, the Shares associated with that Option or SAR will again become
available for grant under the Plan. Similarly, if any Restricted Stock or Restricted Stock Unit is canceled or forfeited for any
reason, the Shares subject to that Award will again become available for grant under the Plan. For the avoidance of doubt, Shares
tendered, delivered or withheld in settlement of a tax withholding obligation associated with an Award, or in satisfaction of the
exercise price payable upon exercise of an Option, will not again become available for grant under the Plan and if any Award or
portion thereof is repurchased or settled for cash, the Shares repurchased or attributable to such cash settlement will not again
become available for grant under the Plan.

 

(c) Other
Adjustment. In the event of any recapitalization, reorganization, merger, stock split or combination, stock dividend or other
similar event or transaction (including, without limitation, any “corporate transaction,” within the meaning of Treasury
Regulation § 1.424-1(a)(3)), substitutions or adjustments will be made by the Board: (i) to the aggregate number, class and/or
issuer of the securities reserved for issuance under the Plan; (ii) to the number, class and/or issuer of securities subject to
outstanding Awards; and (iii) to the exercise price of outstanding Options and SARs, in each case in a manner that reflects equitably
the effects of such event or transaction. For avoidance of doubt, a substitution or adjustment that reflects equitably the effects
of a given event or transaction will include (but will not be limited to) any substitution or adjustment consistent with the requirements
of Treasury Regulation § 1.424-1(a) or any successor provision.

 

(d) Change
in Control. Notwithstanding anything to the contrary set forth in the Plan, upon or in anticipation of any Change in Control
of the Company, its Parent (if any), or any of their Affiliates, the Board may, in its sole and absolute discretion and without
the need for the consent of any Participant, take one or more of the following actions contingent upon the occurrence of that Change
in Control:

 

(i) cause
any or all outstanding Options or SARs to become vested and immediately exercisable, in whole or in part;

 

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(ii) cause
any or all outstanding Restricted Stock or Restricted Stock Units to become non-forfeitable, in whole or in part;

 

(iii) cause
any outstanding Option to become fully vested and immediately exercisable for a reasonable period in advance of the Change in Control
and, to the extent not exercised prior to that Change in Control, cancel that Option upon closing of the Change in Control;

 

(iv) cancel
any unvested Award or unvested portion thereof, with or without consideration;

 

(v) cancel
any Option in exchange for a substitute award in a manner consistent with the principles of Treas. Reg. §1.424-1(a) or any
successor rule or regulation (notwithstanding the fact that the original Award may never have been intended to satisfy the requirements
for treatment as an Incentive Stock Option);

 

(vi) cancel
any Restricted Stock, Restricted Stock Unit or SAR in exchange for restricted shares, restricted stock units or stock appreciation
rights with respect to the capital stock of any successor corporation or its parent;

 

(vii) redeem
any Restricted Stock or Restricted Stock Unit for cash and/or other substitute consideration with value equal to fair value (as
determined in the sole discretion of the Board) which may equal Fair Market Value of a Share or the per Share consideration to
be paid in connection with the Change in Control transaction to the holders of Shares;

 

(viii) cancel
any SAR in exchange for cash and/or other substitute consideration with a value equal to: (A) the number of Shares subject
to that SAR, multiplied by (B) the difference, if any, between the fair value per Share (as determined in the sole discretion
of the Board, which may equal Fair Market Value of a Share or the per Share consideration to be paid in connection with the Change
in Control transaction to the holders of Shares) on the date of the Change in Control and the exercise price of that SAR; provided,
that if the fair value per Share (as determined in the sole discretion of the Board) on the date of the Change in Control does
not exceed the exercise price of any such SAR, the Board may cancel that SAR without any payment of consideration therefore; and/or

 

(ix) cancel
any Option in exchange for cash and/or other substitute consideration with a value equal to: (A) the number of Shares subject
to that Option, multiplied by (B) the difference, if any, between the fair value per Share (as determined in the sole discretion
of the Board, which may equal Fair Market Value of a Share or the per Share consideration to be paid in connection with the Change
in Control transaction to the holders of Shares) on the date of the Change in Control and the exercise price of that Option; provided,
that if the fair value per Share (as determined in the sole discretion of the Board) on the date of the Change in Control does
not exceed the exercise price of any such Option, the Board may cancel that Option without any payment of consideration therefor.

 

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In the discretion of
the Board, any cash or substitute consideration payable upon cancellation of an Award may be subjected to (i) vesting terms substantially
identical to those that applied to the cancelled Award immediately prior to the Change in Control, or (ii) earn-out, escrow, holdback
or similar arrangements, to the extent such arrangements are applicable to any consideration paid to stockholders in connection
with the Change in Control.

 

Section
4.Eligibility. Employees, Directors, consultants, and other individuals who provide services to the Company or
its Affiliates are eligible to be granted Awards under the Plan; provided, however, that only employees
of the Company, its Parent or a Subsidiary are eligible to be granted Incentive Stock Options.

 

Section
5.Options. Options granted under the Plan may be Incentive Stock Options or Non-Qualified Stock Options. Any
Option granted under the Plan will be in such form as the Board may at the time of such grant approve.

 

The Award Agreement evidencing
any Option will incorporate the following terms and conditions and will contain such additional terms and conditions, not inconsistent
with the terms of the Plan, as the Board deems appropriate in its sole and absolute discretion:

 

(a) Exercise
Price. The exercise price per Share purchasable under an Option will be determined by the Board and will not be less than 100%
of the Fair Market Value of a Share on the date of the grant. However, any Incentive Stock Option granted to any Participant who,
at the time the Option is granted, owns more than 10% of the voting power of all classes of shares of the Company, its Parent or
of a Subsidiary will have an exercise price per Share of not less than 110% of Fair Market Value per Share on the date of the grant.

 

(b) Option
Term. The term of each Option will be fixed by the Board, but no Incentive Stock Option will be exercisable more than 10 years
after the date the Option is granted. However, any Incentive Stock Option granted to any Participant who, at the time such Option
is granted, owns more than 10% of the voting power of all classes of shares of the Company, its Parent or of a Subsidiary may not
have a term of more than five years. No Option may be exercised by any Person after expiration of the term of the Option.

 

(c) Exercisability.
Options will vest and be exercisable at such time or times and subject to such terms and conditions as determined by the Board
at the time of grant.

 

(d) Method
of Exercise. Subject to the exercisability and termination provisions set forth herein and in the applicable Award Agreement,
Options may be exercised in whole or in part at any time and from time to time during the term of the Option, by the delivery of
written notice of exercise by the Participant to the Company specifying the number of Shares to be purchased. Such notice will
be accompanied by payment in full of the purchase price, either by (i) cash or certified or bank check, or (ii) by such other method
as the Board may approve or accept.

 

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No Shares will be issued
upon exercise of an Option until full payment therefor has been made. A Participant will not have the right to distributions or
dividends or any other rights of a stockholder with respect to Shares subject to the Option until the Participant has given written
notice of exercise, has paid in full for such Shares, if requested, has given the representation described in Section 11(a)
hereof and fulfills such other conditions as may be set forth in the applicable Award Agreement.

 

(e) Rights
as a Stockholder.  Shares subject to an Option shall be deemed issued, and the Participant shall be deemed the record
holder of such Shares, on the Option exercise date.  Until such Option exercise date, no right to vote or receive dividends
or any other rights as a stockholder shall exist with respect to the Shares subject to the Option.  In the event that the
Company effects a split of the Shares by means of a stock dividend and the exercise price of, and number of Shares subject to,
an Option are adjusted as of the date of distribution of the dividend (rather than as of the record date for such dividend), then
a Participant who exercises such Option between the record date and the distribution date for such stock dividend shall be entitled
to receive, on the distribution date, the stock dividend with respect to the Shares subject to the Option.  No other adjustment
shall be made for a dividend or other right for which the record date is prior to the date the Shares are issued.

 

(f) Incentive
Stock Option Limitations. In the case of an Incentive Stock Option, the aggregate Fair Market Value (determined as of the time
of grant) of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Participant during
any calendar year under the Plan and/or any other plan of the Company, its Parent or any Subsidiary will not exceed $100,000. For
purposes of applying the foregoing limitation, Incentive Stock Options will be taken into account in the order granted. To the
extent any Option does not meet such limitation, that Option will be treated for all purposes as a Non-Qualified Stock Option.

 

(g) Termination
of Service. Unless otherwise specified in the Award Agreement, Options will be subject to the terms of Section 7 with
respect to exercise upon or following termination of employment or other service.

 

(h) Transferability
of Options. Except as may otherwise be specifically determined by the Board with respect to a particular Option, no Option
will be transferable by the Participant other than by will or by the laws of descent and distribution, and all Options will be
exercisable, during the Participant’s lifetime, only by the Participant or, in the event of his Disability, by his personal
representative.

 

Section
6.Stock Appreciation Rights.

 

(a) Nature
of Award. Upon the exercise of a SAR, its holder will be entitled to receive an amount equal to the excess (if any) of: (i) the
Fair Market Value of the Shares covered by such SAR as of the date such SAR is exercised, over (ii) the Fair Market Value
of the Shares covered by such SAR as of the date such SAR was granted. Such amount may be paid in either cash and/or Shares, as
determined by the Board in its sole and absolute discretion.

 

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(b) Terms
and Conditions. The Award Agreement evidencing any SAR will incorporate the following terms and conditions and will contain
such additional terms and conditions, not inconsistent with the terms of the Plan, as the Board deems appropriate in its sole and
absolute discretion:

 

(i) Term
of SAR. Unless otherwise specified in the Award Agreement, the term of a SAR will be ten years.

 

(ii) Exercisability.
SARs will vest and become exercisable at such time or times and subject to such terms and conditions as will be determined by the
Board at the time of grant.

 

(iii) Termination
of Service. Unless otherwise specified in the Award Agreement, SARs will be subject to the terms of Section 7 with respect
to exercise upon termination of employment or other service.

 

(iv) Non-Transferability.
Except as may otherwise be specifically determined by the Board with respect to a particular SAR: (A) SARs may not be sold, pledged,
assigned, hypothecated, gifted, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law,
other than by will or by the laws of descent or distribution, and (B) during the Participant’s lifetime, SARs will be exercisable
only by the Participant (or, in the event of the Participant’s Disability, by his personal representative).

 

(v) Rights
as a Stockholder.  If and solely to the extent that, upon exercise of a SAR, the amount payable under Section 6(a)
hereof is paid in whole or in part with Shares, then such Shares shall be deemed issued, and the Participant shall be deemed the
record holder of such Shares, on the date the SAR is exercised.  Until such date, no right to vote or receive dividends or
any other rights as a stockholder shall exist with respect to the Shares subject to the SAR.  If the Company effects a split
of the Shares by means of a stock dividend and the exercise price of, and number of Shares subject to, a SAR are adjusted as of
the date of distribution of the dividend (rather than as of the record date for such dividend), then a Participant who exercises
such SAR between the record date and the distribution date for such stock dividend shall be entitled to receive, on the distribution
date, the stock dividend with respect to the Shares subject to the SAR.  No other adjustment shall be made for a dividend
or other right for which the record date is prior to the date the Shares are issued.

 

Section
7.Termination of Service. Unless otherwise specified with respect to a particular Option or SAR in the applicable
Award Agreement, all any portion of an Option or SAR that is not exercisable upon termination of service will expire immediately
and automatically upon such termination and any portion of an Option or SAR that is exercisable upon termination of service will
expire on the date it ceases to be exercisable in accordance with this Section 7.

 

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(a) Termination
by Reason of Death. If a Participant’s service with the Company or any Affiliate terminates by reason of death, any Option
or SAR held by such Participant may thereafter be exercised, to the extent it was exercisable at the time of his or her death,
by the legal representative of the estate or by a legatee of the Participant under the will of the Participant, for a period ending
12 months following the date of death (or, if sooner, on the last day of the stated term of such Option or SAR); provided
that in order to exercise any Option or SAR, the legal representative of the estate or a legatee of the Participant shall provide
written documentation in the form of letters testamentary (or the applicable equivalent from Participant’s state of residence)
to the Company within 12 months after the Participant’s death.

 

(b) Termination
by Reason of Disability. If a Participant’s service with the Company or any Affiliate terminates by reason of Disability,
any Option or SAR held by such Participant may thereafter be exercised by the Participant or his personal representative, to the
extent it was exercisable at the time of termination, for a period ending 12 months following the date of termination (or, if sooner,
on the last day of the stated term of such Option or SAR).

 

(c) Cause.
If a Participant’s service with the Company or any Affiliate is terminated for Cause: (i) any Option or SAR held by the Participant
will immediately and automatically expire as of the date of such termination, and (ii) any Shares for which the Company has not
yet delivered share certificates will be immediately and automatically forfeited and the Company will refund to the Participant
the Option exercise price paid for such Shares, if any.

 

(d) Other
Termination. If a Participant’s service with the Company or any Affiliate terminates for any reason other than death,
Disability or Cause, any Option or SAR held by such Participant may thereafter be exercised by the Participant, to the extent it
was exercisable at the time of such termination, for a period ending 90 days following the date of such termination (or, if sooner,
on the last day of the stated term of such Option or SAR).

 

Section
8.Restricted Stock.

 

(a) Issuance.
Restricted Stock may be issued either alone or in conjunction with other Awards. The Board will determine the time or times within
which Restricted Stock may be subject to forfeiture, and all other conditions of such Awards.

 

(b) Awards
and Certificates. The Award Agreement evidencing the grant of any Restricted Stock will contain such terms and conditions,
not inconsistent with the terms of the Plan, as the Board deems appropriate in its sole and absolute discretion. The prospective
recipient of an Award of Restricted Stock will not have any rights with respect to such Award, unless and until such recipient
has delivered to the Company an executed Award Agreement and has otherwise complied with the applicable terms and conditions of
such Award. The purchase price for Restricted Stock will be determined by the Board and will not be less than 100% of the Fair
Market Value of a Share on the date of an Award of Restricted Stock. Any purchase price may be satisfied in cash or certified or
bank check, or by such other method as the Board may approve or accept, including a promissory note in such form acceptable to
the Board.

 

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Any share certificate
issued in connection with an Award of Restricted Stock will be registered in the name of the Participant receiving the Award, and
will bear the following legend and/or any other legend required by this Plan, the Award Agreement, or by applicable law:

 

THE TRANSFERABILITY OF THIS CERTIFICATE
AND THE SHARES REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS OF THE HYRECAR
INC 2016 EQUITY INCENTIVE PLAN AND AN AGREEMENT ENTERED INTO BETWEEN THE PARTICIPANT AND HYRECAR
INC (WHICH TERMS AND CONDITIONS MAY INCLUDE, WITHOUT LIMITATION, CERTAIN TRANSFER RESTRICTIONS, REPURCHASE RIGHTS AND FORFEITURE
CONDITIONS). COPIES OF THAT PLAN AND AGREEMENT ARE ON FILE IN THE PRINCIPAL OFFICES OF HYRECAR
INC AND WILL BE MADE AVAILABLE TO THE HOLDER OF THIS CERTIFICATE WITHOUT CHARGE UPON REQUEST TO THE SECRETARY OF THE COMPANY.

 

Share certificates evidencing
Restricted Stock will be held in custody by the Company or in escrow by an escrow agent until the restrictions thereon have lapsed.
As a condition to any Restricted Stock award, the Participant may be required to deliver to the Company a share power, endorsed
in blank, relating to the Shares covered by such Award.

 

Any
Participant who is permitted to execute a promissory note as partial or full consideration for the purchase of Shares under this
Plan will be required to pledge and deposit with the Company all or part of the Shares so purchased as collateral to secure the
payment of the Participant’s obligation to the Company under the promissory note; provided, however,
that the Board may require or accept other or additional forms of collateral to secure the payment of such obligation and, in any
event, the Company will have full recourse against the Participant under the promissory note notwithstanding any pledge of the
Participant’s Shares or other collateral. In connection with any pledge of the Shares, the Participant will be required to
execute and deliver a written pledge agreement in such form as the Board will from time to time approve. The Shares purchased with
the promissory note may be released from the pledge on a pro rata basis as the promissory note is paid.

 

(c) Restrictions
and Conditions. The Restricted Stock awarded pursuant to this Section 8 will be subject to the following restrictions
and conditions, and any other restrictions and conditions set forth in the applicable Award Agreement.

 

(i) During
a period commencing with the date of an Award of Restricted Stock and ending at such time or times as specified by the Board (the
“Restriction Period”), the Participant will not be permitted to sell, transfer, pledge, assign or otherwise
encumber Restricted Stock awarded under the Plan. The Board may condition the lapse of restrictions on Restricted Stock upon the
continued employment or service of the recipient, the attainment of specified individual or corporate performance goals, or such
other factors as the Board may determine, in its sole and absolute discretion.

 

    	 	11	 

     

    

 

(ii) Except
as provided in this subsection (ii) or the applicable Award Agreement, the Participant will have, with respect to the Restricted
Stock, all of the rights of a holder of Common Stock of the Company. The Board, in its sole discretion, may require cash distributions
or dividends to be subjected to the same Restriction Period as is applicable to the Restricted Stock with respect to which such
amounts are paid, or, if the Board so determines, reinvested in additional Restricted Stock to the extent Shares are available
under Section 3(a) of the Plan. Any distributions or dividends paid in the form of securities with respect to Restricted
Stock will be subject to the same terms and conditions as the Restricted Stock with respect to which they were paid, including,
without limitation, the same Restriction Period.

 

(iii) Subject
to the applicable provisions of the Award Agreement, if a Participant’s service with the Company and its Affiliates terminates
prior to the expiration of the Restriction Period, all of that Participant’s Restricted Stock which then remain subject to
forfeiture will then be forfeited automatically.

 

(iv) If
and when the Restriction Period expires without a prior forfeiture of the Restricted Stock subject to such Restriction Period (or
if and when the restrictions applicable to Restricted Stock are removed pursuant to Section 3(d) or otherwise), any certificates
for such Shares will be replaced with new certificates, without the restrictive legend applicable to such lapsed restrictions,
and such new certificates will be promptly delivered to the Participant, the Participant’s representative (if the Participant
has suffered a Disability), or the Participant’s estate or heir (if the Participant has died).

 

(d) Voting
Rights.  During the Restriction Period, Participants holding Shares of Restricted Stock granted hereunder may exercise
full voting rights with respect to those Shares, unless otherwise provided in the Award Agreement.

 

Section
9.Restricted Stock Units. The Board may grant Restricted Stock Units to eligible Participants and may impose
conditions on such units as it may deem appropriate. Each Restricted Stock Unit shall be evidenced by an Award Agreement in the
form that is approved by the Board and that is not inconsistent with the terms and conditions of the Plan. Each Restricted Stock
Unit shall entitle the Participant to whom it is granted a distribution from the Company in an amount equal to the Fair Market
Value (at the time of the distribution) of one Share. Distributions may be made in cash and/or Shares. All other terms governing
Restricted Stock Units, such as vesting, time and form of payment and termination of units shall be set forth in the Award Agreement.

 

Section
10.Amendments and Termination. The Board may amend, alter or discontinue the Plan at any time; provided,
however, that no amendment, alteration or discontinuation will be made, without the approval of such amendment by the Company’s
stockholders in a manner consistent with the requirements of Treas. Reg. § 1.422-3 (or any successor provision), that would:
(i) increase the total number of Shares reserved for issuance hereunder (except as otherwise provided in Section 3 hereof)
or (ii) change the classes of persons eligible to receive Awards.

 

    	 	12	 

     

    

 

Section
11.General Provisions.

 

(a) The
Board may require each Participant to represent to and agree with the Company in writing that the Participant is acquiring securities
of the Company for investment purposes and without a view to distribution thereof and as to such other matters as the Board believes
are appropriate. The certificate evidencing any Award and any securities issued pursuant thereto may include any legend which the
Board deems appropriate to reflect any restrictions on transfer and compliance with applicable securities laws.

 

(b) All
certificates for Shares or other securities delivered under the Plan will be subject to such share-transfer orders and other restrictions
as the Board may deem advisable under the rules, regulations, and other requirements of any stock exchange upon which the Shares
are then listed and any applicable laws, and the Board may cause a legend or legends to be put on any such certificates to make
appropriate reference to such restrictions.

 

(c) Shares
shall not be issued hereunder unless, in the judgment of counsel for the Company, the issuance complies with the requirements of
any stock exchange or quotation system on which the Shares are then listed or quoted, the Securities Act of 1933, the Exchange
Act, all rules and regulations promulgated thereunder and all other applicable laws.

 

(d) Neither
the adoption of the Plan nor the execution of any document in connection with the Plan will: (i) confer upon any employee
of the Company or an Affiliate any right to continued employment or engagement with the Company or such Affiliate, or (ii) interfere
in any way with the right of the Company or such Affiliate to terminate the employment of any of its employees at any time.

 

(e) No
later than the date as of which an amount first becomes includible in the gross income of the Participant for federal income tax
purposes with respect to any Award under the Plan, the Participant will pay to the Company, or make arrangements satisfactory to
the Board regarding the payment of, taxes of any kind required by law to be withheld with respect to such amount. The obligations
of the Company under the Plan will be conditioned on such payment or arrangements and the Company will have the right to deduct
any such taxes from any payment of any kind otherwise due to the Participant. Unless otherwise determined by the Board, the minimum
required withholding obligation with respect to an Award may be settled in Shares, including the Shares that are subject to that
Award.

 

Section
12.Effective Date of Plan. The Plan will become effective on the date that it is adopted by the Board; provided,
however, that all Options intended to be Incentive Stock Options will automatically be converted into Non-Qualified
Stock Options if the Plan is not approved by the Company’s stockholders within 365 days of its adoption by the Board in a
manner consistent with Treas. Reg. § 1.422-5.

 

Section
13.Term of Plan. The Plan will continue in effect until terminated in accordance with Section 10; provided,
however, that no Incentive Stock Option will be granted hereunder on or after the 10th anniversary of the effective
date of the Plan (or, if the stockholders approve an amendment that increases the number of shares subject to the Plan, the 10th
anniversary of the date of such approval); but provided further, that Incentive Stock Options granted prior to such 10th
anniversary may extend beyond that date.

 

    	 	13	 

     

    

 

Section
14.Invalid Provisions. In the event that any provision of this Plan is found to be invalid or otherwise unenforceable
under any applicable law, such invalidity or unenforceability will not be construed as rendering any other provisions contained
herein as invalid or unenforceable, and all such other provisions will be given full force and effect to the same extent as though
the invalid or unenforceable provision was not contained herein.

 

Section
15.Governing Law. The Plan and all Awards granted hereunder will be governed by and construed in accordance with
the laws of the State of Delaware, without regard to the application of the principles of conflicts of laws.

 

Section
16.Board Action. Notwithstanding anything to the contrary set forth in the Plan, any and all actions of the Board
or Committee, as the case may be, taken under or in connection with the Plan and any agreements, instruments, documents, certificates
or other writings entered into, executed, granted, issued and/or delivered pursuant to the terms hereof, will be subject to and
limited by any and all votes, consents, approvals, waivers or other actions of all or certain stockholders of the Company or other
Persons required by:

 

(a) the
Company’s Certificate of Incorporation (as the same may be amended and/or restated from time to time);

 

(b) the
Company’s Bylaws (as the same may be amended and/or restated from time to time); and

 

(c) any
other agreement, instrument, document or writing now or hereafter existing, between or among the Company and its stockholders or
other Persons (as the same may be amended from time to time).

 

Section
17.Notices. Any notice to be given to the Company pursuant to the provisions of the Plan shall be given by registered
or certified mail, postage prepaid, and, addressed, if to the Company to its principal executive office to the attention of its
Chief Executive Officer (or such other Person as the Company may designate in writing from time to time), and, if to a Participant,
to the address contained in the Company’s personnel records, or to such other address as that Participant may hereafter designate
in writing to the Company. Any such notice shall be deemed given or delivered three days after the date of mailing.

 

* * * * * *

 

    	 	14	 

     

    

 

STOCK OPTION GRANT NOTICE

 

Hyrecar Inc (the “Company”)
hereby grants to the holder listed below (“Participant”) an option to purchase the number of shares of the Company’s
common stock, par value $0.00001 per share (“Shares”), set forth below (the “Option”) under its
2016 Equity Incentive Plan attached hereto as Exhibit A (the “Plan”). The Option is subject to all
of the terms and conditions set forth in this Grant Notice and in the Stock Option Agreement attached hereto as Exhibit B
(the “Stock Option Agreement”) and the Plan, which are incorporated herein by reference. Unless otherwise defined
herein, capitalized terms defined in the Plan shall have the same defined meanings in this Grant Notice and the Stock Option Agreement.

 

	Participant:	_____________________________
	 	 
	Grant Date:	____________
	 	 
	Vesting Commencement Date:	________ __, 2017
	 	 
	Total Number of Shares Subject to the Option:	_____________________________
	 	 
	Exercise Price per Share:	$ 
	 	 
	Expiration Date:	________, 2027
	 	 
	Type of Option:	[  ] Incentive Stock Option
	 	[  ] Non-Qualified Stock Option
	 	 
	Vesting Schedule:	Subject to the terms of forfeiture, termination and acceleration provided for in the Plan, each such Option shall vest as follows: (i) 25% of the Shares shall vest on the first anniversary of the Vesting Commencement Date (see above) and (ii) the remaining 75% of the Shares shall vest and become exercisable in 12 successive equal installments on the last day of each June, September, December and March, commencing on June 30, 2018 and vesting in full on March 31, 2021.

 

By signing below, Participant
agrees to be bound by the terms and conditions of the Plan, the Stock Option Agreement and this Grant Notice. Participant has reviewed
the Stock Option Agreement, the Plan and this Grant Notice in their entirety, has had an opportunity to obtain the advice of counsel
prior to executing this Grant Notice and fully understands all provisions of this Grant Notice, the Stock Option Agreement and
the Plan. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board upon
any questions arising under the Plan or relating to the Option.

 

    	 	15	 

     

    

 

IN WITNESS WHEREOF, the parties hereto have
executed this Grant Notice as of the date written below.

 

DATED: __, 201_

 

	 	HYRECAR INC
	 	 	 
	 	By:	
	 	 	Name: Joseph Furnari
	 	 	Title: Chief Executive Officer
	 	 	 
	 	 	 
	 	 	PARTICIPANT
	 	 	 
	 	Address:	
	 	 	 

 

Attachments

Exhibit A – 2016 Equity Incentive Plan

Exhibit B – Stock Option Agreement

Exhibit C – Exercise Notice

Exhibit D – Consent of Spouse

 

    	 	16	 

     

    

 

EXHIBIT A

 

2016 EQUITY INCENTIVE PLAN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	17	 

     

    

 

EXHIBIT B

 

STOCK OPTION AGREEMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	18	 

     

    

 

EXHIBIT C

 

FORM OF EXERCISE NOTICE

 

Effective as of today,
____________, _____, the undersigned (“Participant”) hereby elects to exercise Participant’s option to purchase
the number of shares of common stock specified below (the “Shares”) of Hyrecar Inc, a Delaware corporation (the
“Company”), under and pursuant to the 2016 Equity Incentive Plan (the “Plan”) and the Stock Option
Grant Notice, dated as of ___________, _____, and Stock Option Agreement attached thereto (the “Option Agreement”).
Capitalized terms used herein without definition shall have the meanings given in the Plan and, if not defined in the Plan, the
Option Agreement.

 

	Grant Date:	 	 	 	 
	 	 	 	 	 
	Number of Shares as to which Option is Exercised:	 	 	 	 
	 	 	 	 	 
	Exercise Price per Share:	 	$	 	 
	 	 	 	 	 
	Total Exercise Price:	 	$	 	 
	 	 	 	 	 
	Stock Certificate to be issued in name of:	 	 	 	 
	 	 	 	 	 
	Payment delivered:	 	$	 	 
	 	 	 	 	 
	Form of Payment:	 	 	 	 
	 	 	 	 	 
	Type of Option:	 	 	[  ] Incentive Stock Option	 
	 	 	 	[  ] Non-Qualified Stock Option	 

 

Participant acknowledges
that Participant has received, read and understood the Plan and the Option Agreement. Participant agrees to abide by and be bound
by their terms and conditions. Participant understands that Participant may suffer adverse tax consequences as a result of Participant’s
purchase or disposition of the Shares. Participant represents that Participant has consulted with any tax consultants Participant
deems advisable in connection with the purchase or disposition of the Shares and that Participant is not relying on the Company
for any tax advice. The Plan and Option Agreement are incorporated herein by reference. This Agreement, the Plan, and the Option
Agreement constitute the entire agreement of the parties and supersede in their entirety all prior undertakings and agreements
of the Company and Participant with respect to the subject matter hereof.

 

	By:  	 	 	Accepted By:	 
	 	Participant Name:	 	 	Name:
	 	 	 	 	Title:

 

    	 	19	 

     

    

 

Exhibit
D

CONSENT OF SPOUSE

 

I,__________________________, spouse of the Participant
have read and approve the foregoing Grant Notice and Stock Option Agreement (the “Agreement”). In consideration
of the purchase of shares of Hyrecar Inc (the “Company”) as set forth in that Agreement, I hereby appoint my
spouse as my attorney-in-fact with respect to the exercise of any rights under the Agreement and agree to be bound by the provisions
of the Agreement insofar as I may have any rights in said Agreement or any shares issued pursuant thereto under the community property
laws or similar laws relating to marital property.

 

Dated: ___________________, ________

 

	 	 
	 	(Signature of Spouse)
	 	 
	 	
	 	(Printed Name)

 

    	 	20	 

     

    

 

STOCK OPTION AGREEMENT

 

Hyrecar Inc (the “Company”)
has granted to Participant an option under the Company’s 2016 Equity Incentive Plan (the “Plan”) to purchase the
number of Shares indicated in the attached Stock Option Grant Notice (the “Grant Notice”).

 

ARTICLE
1

General

 

1.1 Defined
Terms. Capitalized terms not specifically defined herein shall have the meanings specified in the Plan and the Grant Notice.

 

1.2 Incorporation
of Terms of Plan. The Option is subject to the terms and conditions of the Plan which are incorporated herein by reference.

 

ARTICLE
2

Grant of Option

 

2.1 Grant
of Option. In consideration of Participant’s past and/or continued employment with or service to the Company or an Affiliate
and for other good and valuable consideration, effective as of the Grant Date set forth in the Grant Notice (the “Grant
Date”), the Company irrevocably grants to Participant the Option to purchase any part or all of an aggregate of the number
of Shares set forth in the Grant Notice, upon the terms and conditions set forth in the Plan and this Agreement. The Grant Notice
will specify whether the Option is an Incentive Stock Option or a Non-Qualified Stock Option.

 

2.2 Exercise
Price. The initial exercise price per Share subject to the Option shall be as set forth in the Grant Notice; provided,
however, that such price per share will not be less than 100% of the Fair Market Value of a Share on the date of the grant;
provided, further, that any Incentive Stock Option granted to any Participant who, at the time the Option is granted,
owns more than 10% of the voting power of all classes of shares of the Company, its Parent or of a Subsidiary will have an exercise
price per Share of not less than 110% of Fair Market Value per Share on the date of the grant.

 

2.3 Consideration
to the Company. In consideration of the grant of the Option by the Company, Participant agrees to render faithful and efficient
services to the Company and its Affiliates. Nothing in the Plan or this Agreement shall confer upon Participant any right to continue
in the employ or service of the Company or any Affiliate or shall interfere with or restrict in any way the rights of the Company
and its Affiliates, which rights are hereby expressly reserved, to discharge or terminate the services of Participant at any time
for any reason whatsoever, with or without Cause (as defined in Section 5.15 below), except to the extent expressly provided otherwise
in a written agreement between the Company or its Affiliates and a Participant.

ARTICLE
3

Period of Exercisability

 

3.1 Commencement
of Exercisability.

 

(a) Subject
to Sections 3.3, 5.7, 5.9, and 5.14, the Option shall become vested and exercisable in such amounts and at such times as are set
forth in the Grant Notice.

 

    	 	21	 

     

    

 

(b) No
portion of the Option that has not become vested and exercisable at the date of Participant’s termination of service (as provided
in Section 7 of the Plan) shall thereafter become vested and exercisable, except as may be otherwise provided by the Board or as
set forth in a written agreement between the Company and Participant.

 

3.2 Vesting
Schedule. The installments provided for in the vesting schedule set forth in the Grant Notice are cumulative. Each such installment
which becomes vested and exercisable pursuant to the vesting schedule set forth in the Grant Notice shall remain vested and exercisable
until it becomes unexercisable under Section 3.3.

 

3.3 Expiration
of Option. The Option will expire and may not be exercised to any extent by anyone after the first to occur of the following
events:

 

(a) the
expiration of ten years from the Grant Date;

 

(b) the
expiration of three months from the date of Participant’s termination of service, unless such termination occurs by reason of Participant’s
death, Disability or Participant’s discharge for Cause;

 

(c) the
expiration of one year from the date of Participant’s termination of service by reason of Participant’s death or Disability; or

 

(d) the
date of Participant’s termination of service by the Company or any of its Affiliates by reason of Participant’s discharge for Cause.

 

Participant acknowledges
that an Incentive Stock Option exercised more than three months after Participant’s termination of employment, other than by reason
of death or Disability, will be taxed as a Non-Qualified Stock Option.

 

3.4 Special
Tax Consequences. Participant acknowledges that, to the extent that the aggregate Fair Market Value (determined as of the time
the Option is granted) of all Shares with respect to which Incentive Stock Options, including the Option, are exercisable for the
first time by Participant in any calendar year exceeds $100,000, the Option and such other options shall be Non-Qualified Stock
Options to the extent necessary to comply with the limitations imposed by Section 422(d) of the Code. Participant further acknowledges
that the rule set forth in the preceding sentence shall be applied by taking the Option and other Incentive Stock Options into
account in the order in which they were granted, as determined under Section 422(d) of the Code and the Treasury Regulations thereunder.

 

ARTICLE
4

Exercise of Option

 

4.1 Person
Eligible to Exercise. Except as provided in Sections 5.2(b) and 5.2(c), during the lifetime of Participant, only Participant
may exercise the Option or any portion thereof. If Participant’s service with the Company or any Affiliate terminates by
reason of death, the Option may thereafter be exercised, to the extent it was exercisable at the time of his or her death, by the
legal representative of the estate or by the legatee of the Participant under the will of the Participant, for a period ending
12 months following the date of death (or, if sooner, on the last day of the stated term of the Option).

 

    	 	22	 

     

    

 

4.2 Partial
Exercise. Any exercisable portion of the Option or the entire Option, if then wholly exercisable, may be exercised in whole
or in part at any time prior to the time when the Option or portion thereof becomes unexercisable under Section 3.3.

 

4.3 Manner
of Exercise. The Option, or any exercisable portion thereof, may be exercised solely by delivery to the Secretary of the Company
or the Secretary’s office of all of the following prior to the time when the Option or such portion thereof becomes unexercisable
under Section 3.3:

 

(a) An
Exercise Notice electronically or in writing signed by Participant or any other person then entitled to exercise the Option or
portion thereof, stating that the Option or portion thereof is thereby exercised, such notice complying with all applicable rules
established by the Board. Such notice shall be substantially in the form attached as Exhibit C to the Grant Notice (or such
other form as is prescribed by the Board).

 

(b) The
receipt by the Company of full payment for the Shares with respect to which the Option or portion thereof is exercised, including
payment of any applicable withholding tax, which may be in one or more of the forms of consideration permitted under Section 4.4.

 

(c) A
bona fide written representation and agreement, in such form as is prescribed by the Board, signed by Participant or the other
person then entitled to exercise such Option or portion thereof, stating that the Shares are being acquired for Participant’s own
account, for investment and without any present intention of distributing or reselling said Shares or any of them except as may
be permitted under the Securities Act of 1933 (the “Securities Act”) and then applicable rules and regulations
thereunder and any other applicable law, and that Participant or other person then entitled to exercise such Option or portion
thereof will indemnify the Company against and hold it free and harmless from any loss, damage, expense or liability resulting
to the Company if any sale or distribution of the Shares by such person is contrary to the representation and agreement referred
to above. The Board may, in its absolute discretion, take whatever additional actions it deems appropriate to ensure the observance
and performance of such representation and agreement and to effect compliance with the Securities Act and any other federal or
state securities laws or regulations and any other applicable law. Without limiting the generality of the foregoing, the Board
may require an opinion of counsel acceptable to it to the effect that any subsequent transfer of Shares acquired on an Option exercise
does not violate the Securities Act, and may issue stop-transfer orders covering such Shares. Share certificates evidencing Shares
issued on exercise of the Option shall bear an appropriate legend referring to the provisions of this subsection (c) and the agreements
herein. The written representation and agreement referred to in the first sentence of this subsection (c) shall, however, not be
required if the Shares to be issued pursuant to such exercise have been registered under the Securities Act, and such registration
is then effective in respect of such Shares.

 

    	 	23	 

     

    

 

(d) In
the event the Option or portion thereof shall be exercised under Section 4.1 by any person or persons other than Participant, appropriate
proof of the right of such person or persons to exercise the Option.

 

4.4 Method
of Payment. Payment of the exercise price shall be by cash or certified or bank check, or by such other method as the Committee
may approve or accept.

 

4.5 Rights
as Stockholder. Shares subject to an Option shall be deemed issued, and the Participant shall be deemed the record holder of
such Shares, on the Option exercise date.  Until such Option exercise date, no right to vote or receive dividends or any other
rights as a stockholder shall exist with respect to the Shares subject to the Option. 

 

4.6 Adjustment
in Option Shares. In the event of any recapitalization, reorganization, merger, stock split or combination, stock dividend
or other similar event or transaction (including, without limitation, any “corporate transaction,” within the meaning
of Treasury Regulation § 1.424-1(a)(3)), substitutions or adjustments will be made by the Board: (i)  to the aggregate
number, class and/or issuer of the securities reserved for issuance under the Plan; (ii) to the number, class and/or issuer
of securities subject to outstanding Awards; and (iii) to the exercise price of outstanding Options, in each case in a manner
that reflects equitably the effects of such event or transaction. For avoidance of doubt, a substitution or adjustment that reflects
equitably the effects of a given event or transaction will include (but will not be limited to) any substitution or adjustment
consistent with the requirements of Treasury Regulation § 1.424-1(a) or any successor provision.

 

ARTICLE
5

Other Provisions

 

5.1 Administration.
The Plan will be administered by the Board; provided, however, that the Board may at any time appoint a Committee
to perform some or all of the Board’s administrative functions hereunder; provided further, that the authority of
any Committee appointed pursuant to Section 2 of the Plan will be subject to such terms and conditions as the Board may prescribe
and will be coextensive with, and not in lieu of, the authority of the Board thereunder.

 

5.2 Option
Not Transferable.

 

(a) Subject
to Section 5.2(b), the Option may not be sold, pledged, assigned or transferred in any manner other than by will or the laws of
descent and distribution, unless and until the Shares underlying the Option have been issued, and all restrictions applicable to
such Shares have lapsed. Neither the Option nor any interest or right therein shall be liable for the debts, contracts or engagements
of Participant or his or her successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge,
encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment,
levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition
thereof shall be null and void and of no effect, except to the extent that such disposition is permitted by the preceding sentence.

 

    	 	24	 

     

    

 

(b) Notwithstanding
any other provision in this Agreement, with the consent of the Board and to the extent the Option is not intended to qualify as
an Incentive Stock Option, the Option may be transferred to one or more members of the Participant’s immediate family, to trusts
for the benefit of such family members or to partnerships in which such family members are the only partners (each a “Permitted
Transferee”), provided the Permitted Transferee agrees in writing with the Company to be bound by all of the terms and
conditions of the Plan and this Option Agreement.

 

(c) Unless
transferred to a Permitted Transferee in accordance with Section 5.2(b), during the lifetime of Participant, only the Participant
may exercise the Option or any portion thereof. Subject to such conditions and procedures as the Board may require, a Permitted
Transferee may exercise the Option or any portion thereof during Participant’s lifetime. After the death of Participant, any exercisable
portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by Participant’s
personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable
laws of descent and distribution.

 

5.3 Restrictive
Legends and Stop-Transfer Orders.

 

(a) The
share certificate or certificates evidencing the Shares purchased hereunder shall be endorsed with any legend that may be required
by the Plan or by state or federal securities laws.

 

(b) Participant
agrees that, in order to ensure compliance with the restrictions referred to herein, the Company may issue appropriate “stop
transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate
notations to the same effect in its own records.

 

(c) Company
shall not be required: (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any
of the provisions of this Agreement, or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to
any purchaser or other transferee to whom such Shares shall have been so transferred.

 

5.4 Shares
to Be Reserved. The Company shall at all times during the term of the Option reserve and keep available such number of Shares
as will be sufficient to satisfy the requirements of this Agreement.

 

5.5 Notices.
Any notice to be given to the Company pursuant to the provisions of the Plan shall be given by registered or certified mail, postage
prepaid, and, addressed, if to the Company to its principal executive office to the attention of its Chief Executive Officer (or
such other Person as the Company may designate in writing from time to time), and, if to a Participant, to the address contained
in the Company’s personnel records, or to such other address as that Participant may hereafter designate in writing to the
Company. Any such notice shall be deemed given or delivered three days after the date of mailing.

 

5.6 Titles.
Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.

 

    	 	25	 

     

    

 

5.7 Stockholder
Approval. The Plan will be submitted for approval by the Company’s stockholders within twelve months after the date the Plan
was initially adopted by the Board. The Option may not be exercised to any extent by anyone prior to the time when the Plan is
approved by the stockholders, and if such approval has not been obtained by the end of said twelve month period, the Option shall
thereupon be canceled and become null and void.

 

5.8 Governing
Law; Severability. This Agreement shall be administered, interpreted and enforced under the laws of the State of Delaware,
without regard to the conflicts of law principles thereof should any provision of this Agreement be determined by a court of law
to be illegal or unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable.

 

5.9 Conformity
to Securities Laws. Participant acknowledges that the Plan is intended to conform to the extent necessary with all provisions
of the Securities Act and the Exchange Act and any and all regulations and rules promulgated by the Securities and Exchange Commission
thereunder, and state securities laws and regulations. Notwithstanding anything herein to the contrary, the Plan shall be administered,
and the Option is granted and may be exercised, only in such a manner as to conform to such laws, rules and regulations. To the
extent permitted by applicable law, the Plan and this Agreement shall be deemed amended to the extent necessary to conform to such
laws, rules and regulations.

 

5.10 Amendments.
This Agreement may not be modified, amended or terminated except by an instrument in writing, signed by Participant or such other
person as may be permitted to exercise the Option pursuant to Section 4.1 and by a duly authorized representative of the Company.

 

5.11 Successors
and Assigns. The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement
shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth
in Section 5.2, this Agreement shall be binding upon Participant and his or her heirs, executors, Boards, successors and assigns.

 

5.12 Notification
of Disposition. If this Option is designated as an Incentive Stock Option, Participant shall give prompt notice to the Company
of any disposition or other transfer of any Shares acquired under this Agreement if such disposition or transfer is made (a) within
two years from the Grant Date with respect to such Shares or (b) within one year after the transfer of such Shares to him. Such
notice shall specify the date of such disposition or other transfer and the amount realized, in cash, other property, assumption
of indebtedness or other consideration, by Participant in such disposition or other transfer.

 

5.13 Limitations
Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan or this Agreement, if Participant is subject
to Section 16 of the Exchange Act, the Plan, the Option and this Agreement shall be subject to any additional limitations set forth
in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act)
that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, this Agreement shall
be deemed amended to the extent necessary to conform to such applicable exemptive rule.

 

    	 	26	 

     

    

 

5.14 Change
in Control. Notwithstanding anything to the contrary set forth herein, upon or in anticipation of any Change in Control of
the Company, its Parent (if any), or any of their Affiliates, the Board may, in its sole and absolute discretion and without the
need for the consent of any Participant, take one or more of the following actions contingent upon the occurrence of that Change
in Control:

 

(a) cause
any or all outstanding Options to become vested and immediately exercisable, in whole or in part;

 

(b) cause
any outstanding Option to become fully vested and immediately exercisable for a reasonable period in advance of the Change in Control
and, to the extent not exercised prior to that Change in Control, cancel that Option upon closing of the Change in Control;

 

(c) cancel
any Option in exchange for a substitute award in a manner consistent with the principles of Treas. Reg. §1.424-1(a) or any
successor rule or regulation (notwithstanding the fact that the original Award may never have been intended to satisfy the requirements
for treatment as an Incentive Stock Option); and

 

(d) cancel
any Option in exchange for cash and/or other substitute consideration with a value equal to: (i) the number of Shares subject
to that Option, multiplied by (ii) the difference, if any, between the fair value per Share (as determined in the sole discretion
of the Board, which may equal Fair Market Value of a Share or the per Share consideration to be paid in connection with the Change
in Control transaction to the holders of Shares) on the date of the Change in Control and the exercise price of that Option; provided,
that if the fair value per Share (as determined in the sole discretion of the Board) on the date of the Change in Control does
not exceed the exercise price of any such Option, the Board may cancel that Option without any payment of consideration therefor.

 

In the discretion of
the Board, any cash or substitute consideration payable upon cancellation of an Award may be subjected to (1) vesting terms
substantially identical to those that applied to the cancelled Award immediately prior to the Change in Control, or (2) earn-out,
escrow, holdback or similar arrangements, to the extent such arrangements are applicable to any consideration paid to stockholders
in connection with the Change in Control.

 

5.15 Cause
Defined. For purposes of this Agreement, “Cause” shall mean:

 

(a)  conviction
of, or the entry of a plea of guilty or no contest to, a felony or any other crime that causes the Company or its Affiliates public
disgrace or disrepute, or adversely affects the Company’s or its Affiliates’ operations, condition (financial or otherwise),
prospects or interests;

 

(b) gross
negligence or willful misconduct with respect to the Company or any of its Affiliates, including, without limitation fraud, embezzlement,
theft or dishonesty in the course of his or her employment;

 

(c) alcohol
abuse or use of controlled drugs other than in accordance with a physician’s prescription;

 

    	 	27	 

     

    

 

(d) refusal,
failure or inability to perform any material obligation or fulfill any duty (other than any duty or obligation of the type described
in clause (vi) below) to the Company or any of its Affiliates (other than due to a Disability), which failure, refusal or inability
is not cured within 10 days after delivery of notice thereof;

 

(e) material
breach of any agreement with or duty owed to the Company or any of its Affiliates; or

 

(f) any
breach of any obligation or duty to the Company or any of its Affiliates (whether arising by statute, common law, contract or otherwise)
relating to confidentiality, noncompetition, nonsolicitation or proprietary rights.

 

Notwithstanding the foregoing, if Participant
and the Company (or any of its Affiliates) have entered into an employment agreement, consulting agreement or other similar agreement
that specifically defines “cause,” then with respect to such Participant, “Cause” shall have the meaning
defined in that employment agreement, consulting agreement or other agreement. For purposes of this section, the term “Company”
shall include any parent and any subsidiary of the Company

 

5.16 Additional
Documents. As a condition to the effectiveness of the purchase of Shares hereunder:

 

(a) the
Participant’s spouse (if any) shall execute and deliver to the Company the “Consent of Spouse” attached as Exhibit D
to the Grant Notice;

 

(b) the
Participant shall, upon request of the Company, execute any further documents or instruments necessary or desirable to carry out
the purposes or intent of this Agreement.

 

5.17 Section
409A. It is intended that the grant contemplated hereby will be exempt from Section 409A of the Code as a “stock right.”
However, nothing in this Agreement shall be construed to result in a guarantee of this tax treatment, and the Participant shall
be responsible for all of his or her federal, state and local taxes (and any related liabilities).

 

5.18 Entire
Agreement. The Plan, the Stockholders Agreement and this Agreement (including all Exhibits hereto) constitute the entire agreement
of the parties and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect
to the subject matter hereof.

 

*
* * * * *

 

    	 	28	 

     

    

 

RESTRICTED STOCK AWARD NOTICE

 

Hyrecar Inc (the “Company”)
hereby agrees to issue to the holder listed below (“Participant”) the number of restricted shares of the Company’s
common stock, par value $0.00001 per share (“Shares”), set forth below (“Award”) under its
2016 Equity Incentive Plan attached hereto as Exhibit A (the “Plan”). The Award is subject to all
of the terms and conditions set forth in this Award Notice and in the Restricted Stock Agreement attached hereto as Exhibit B
(the “Restricted Stock Agreement”) and the Plan, which are incorporated herein by reference. Unless otherwise
defined herein, capitalized terms defined in the Plan shall have the same defined meanings in this Award Notice and the Restricted
Stock Agreement.

 

	Participant:	 	 
	 	 	 
	Award Date:	 	 
	 	 	 
	Vesting Commencement Date:	 	______ __, 2016
	 	 	 
	Total Number of Shares of Restricted Stock:	 	 
	 	 	 
	Purchase Price per Share:	$	
	 	 	 
	Total Purchase Price:	 	 
	 	 	 
	Vesting Schedule:	 	The Shares of Restricted Stock shall initially be unvested and forfeitable. The Shares shall vest, the restrictions thereon shall lapse and such Shares shall become nonforfeitable according to the following schedule, subject to Participant’s continuous service with the Company through and including the applicable vesting date: (i) 25% of the Shares shall vest on the first anniversary of the Vesting Commencement Date (see above) and (ii) the remaining 75% of the Shares shall vest in 12 successive equal installments the on the last day of each [____, _____, _____ and ____, commencing on ____ 30, 2017 and vesting in full on ___ 30, 2020].

 

By signing below, Participant
agrees to be bound by the terms and conditions of the Plan, the Restricted Stock Agreement and this Award Notice. Participant has
reviewed the Restricted Stock Agreement (and all exhibits thereto), the Plan and this Award Notice in their entirety, has had an
opportunity to obtain the advice of counsel prior to executing this Award Notice and fully understands all provisions of this Award
Notice, the Restricted Stock Agreement and the Plan. Participant hereby agrees to accept as binding, conclusive and final all decisions
or interpretations of the Board upon any questions arising under the Plan or relating to the Restricted Stock.

 

[signature page follows]

 

    	 	29	 

     

    

 

IN WITNESS WHEREOF, the parties hereto have
executed this Award Notice as of the date written below.

 

DATED: ___________________, _____

 

	 	HYRECAR INC
	 	 	 
	 	By:	
	 	 	Name:
	 	 	Title: 
	 	 	 
	 	 	 
	 	 	PARTICIPANT
	 	 	 
	 	Address:	
	 	 	 

 

Attachments

Exhibit A – 2016 Equity Incentive Plan

Exhibit B – Restricted Stock Agreement

 

    	 	30	 

     

    

 

EXHIBIT A

 

2016 EQUITY INCENTIVE PLAN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	31	 

     

    

 

EXHIBIT B

 

RESTRICTED STOCK AGREEMENT

 

THIS RESTRICTED STOCK
AGREEMENT (this “Agreement”) is made this __ day of _______, 2016 (the “Effective Date”)
between Hyrecar Inc (the “Company”) and _______________ (the “Participant”).

 

WHEREAS, the Company
maintains its 2016 Equity Incentive Plan (the “Plan”) for the benefit of its employees, directors, consultants,
and other individuals who provide services to the Company;

 

WHEREAS, the Plan permits
the award of shares of the Company’s common stock, par value $0.0001 per share (as defined in the Plan, the “Common
Stock”), subject to certain restrictions; and

 

WHEREAS, to compensate
the Participant for his service to the Company and to further align the Participant’s personal financial interests with those
of the Company’s stockholders, the Company desires to allow the Participant to purchase a number of shares of Common Stock,
subject to the restrictions and on the terms and conditions contained in the Plan and this Agreement;

 

NOW, THEREFORE, in consideration
of these premises and the agreements set forth herein, the parties, intending to be legally bound hereby, agree as follows:

 

Section
18.Award. As of the Effective Date, the Company hereby sells the Participant _____________ shares of Common Stock
(the “Shares”) at a price of $[____] per share (the “Purchase Price”), subject to the restrictions
and on the terms and conditions set forth in this Agreement and the Plan. The Participant shall pay for the Shares by delivering
to the Company a single sum cash payment or by delivering to the Company a full recourse secured promissory note in substantially
the form attached hereto as Exhibit 1 (a “Promissory Note”). The terms of the Plan are hereby incorporated
into this Agreement by reference, as though fully set forth herein. Capitalized terms used but not defined herein will have the
same meaning as defined in the Plan.

 

Section
19.Vesting of Shares. The Shares are subject to forfeiture to the Company until they become nonforfeitable in
accordance with this Section 2.

 

(a) Vesting.
Subject to the limitations contained herein, the Shares will vest and become nonforfeitable as provided in the Restricted Stock
Award Notice to which this Agreement is attached.

 

(b) Change
in Control Vesting. Notwithstanding the foregoing, if a Change in Control occurs and the Participant remains in continuous
service to the Company through the date of that Change in Control, all of the Shares will be subject to any action taken by the
Board under Section 3(d) of the Plan.

 

    	 	32	 

     

    

 

(c) All
Unvested Shares Forfeited Upon Cessation of Service. Upon cessation of Participant’s service to the Company for any reason
or for no reason (and whether such cessation is initiated by the Company, the Participant or otherwise): (i) any Shares that
have not vested, prior to the effective date of such cessation, will immediately and automatically, without any action on the part
of the Company, be forfeited, (ii) the Company will return to the Participant, without interest, the lesser of (A) the Purchase
Price that is attributable to those forfeited Shares or (B) the Fair Market Value of those forfeited Shares, and (iii) the Participant
will have no further rights with respect to those Shares. Any Shares that have vested, prior to the effective date of such cessation,
will be subject to repurchase in accordance with Section 9 hereof.

 

(d) Service
with Affiliates. Solely for purposes of this Agreement, service to the Company will be deemed to include service to any Subsidiary
or Affiliate of the Company (for only so long as such entity remains a Subsidiary or Affiliate).

 

Section
20.Escrow of Shares.

 

(a) The
Company will cause the Shares to be issued in the Participant’s name either by book-entry registration or issuance of a stock
certificate or certificates.

 

(b) While
Shares remain unvested, they will be non-transferable and the Company will hold the certificates representing such Shares in escrow
until such time as they become fully vested (or are forfeited). The Company will cause an appropriate stop-transfer order to be
issued and to remain in effect with respect to such Shares. As soon as practicable following the time that any Share becomes fully
vested (and provided that appropriate arrangements have been made with the Company for the withholding or payment of any taxes
that may be due with respect to such Share), the Company will cause that stop-transfer order to be removed and such Share will
become transferable. The Company may also condition delivery of certificates for Shares upon receipt from the Participant of any
undertakings that it may determine are appropriate to facilitate compliance with federal and state securities laws.

 

(c) If
any certificate is issued in respect of Shares, that certificate will be legended as described in the Plan and held in escrow by
the Company’s secretary or his designee. In addition, the Participant may be required to execute and deliver to the Company
a stock power with respect to those Shares. At such time as those Shares become fully vested, the Company will cause a new certificate
to be issued without that portion of the legend referencing the previously applicable forfeiture conditions and will cause that
new certificate to be delivered to the Participant (provided that appropriate arrangements have been made with the Company for
the withholding or payment of any taxes that may be due with respect to such Shares).

 

(d) Any
Participant who is permitted to execute a Promissory Note as partial or full consideration for the purchase of Shares under this
Plan will be required to pledge and deposit with the Company all or part of the Shares so purchased as collateral to secure the
payment of the Participant’s obligation to the Company under the Promissory Note; provided, however,
that the Board may require or accept other or additional forms of collateral to secure the payment of such obligation and, in any
event, the Company will have full recourse against the Participant under the Promissory Note notwithstanding any pledge of the
Participant’s Shares or other collateral. In connection with any pledge of the Shares, the Participant will be required to
execute and deliver a written stock pledge agreement substantially in the form attached hereto as Exhibit 2 (the “Stock
Pledge Agreement”). The Shares purchased with the Promissory Note may be released from the pledge on a pro rata basis
as the Promissory Note is paid.

 

    	 	33	 

     

    

 

Section
21.Stock Splits, etc. If, while any of the Shares remain subject to forfeiture, there occurs any merger, consolidation,
reorganization, reclassification, recapitalization, stock split, stock dividend, or other similar change in the Common Stock, then
any and all new, substituted or additional securities or other consideration to which the Participant is entitled by reason of
the Participant’s ownership of the Shares will be immediately subject to the escrow contemplated by Section 3, deposited
with the Escrow Holder and will thereafter be included in the term “Shares” for all purposes of the Plan and this Agreement.

 

Section
22.Dividends and Distributions during Restricted Period. The Participant will have the right to receive dividends
and distributions with respect to the Shares; provided, however, that any cash dividends or distributions
paid in respect of the Shares while those Shares remain subject to forfeiture will be held by the Company and delivered to the
Participant (without interest) only if and when the Shares giving rise to such dividends or distributions become fully vested.

 

Section
23.Tax Consequences. The Participant acknowledges that the Company has not advised the Participant regarding
the Participant’s income tax liability in connection with the award or vesting of the Shares. The Participant has reviewed
with the Participant’s own tax advisors the federal, state, local and foreign tax consequences of this investment and the
transactions contemplated by this Agreement. The Participant is relying solely on such advisors and not on any statements or representations
of the Company or any of its agents. The Participant understands that the Participant (and not the Company) shall be responsible
for the Participant’s own tax liability that may arise as a result of the transactions contemplated by this Agreement.

 

Section
24.Additional Documents. As a condition to the effectiveness of the purchase of Shares hereby made:

 

(a) the
Participant’s spouse (if any) shall execute and deliver to the Company the Consent of Spouse in the form attached hereto
as Exhibit 3; and

 

(b) the
Participant shall file timely an election under Section 83(b) of the Internal Revenue Code, as amended, with respect to the
purchase of the Shares (a form of Section 83(b) election is attached hereto as Exhibit 4);

 

(c) If
the Participant elects to pay all or part of the Purchase Price with a Promissory Note then the Participant shall execute and deliver
to the Company:

 

(i) the
Promissory Note with an initial principal amount equal to the aggregate amount of the Purchase Price that the Participant wishes
to finance; and

 

(ii) the
Stock Pledge Agreement;

 

    	 	34	 

     

    

 

(d) the
Participant shall, upon request of the Company, execute any further documents or instruments necessary or desirable to carry out
the purposes or intent of this Agreement.

 

Section
25.Restriction on Transfer of Unvested Shares. Except for the escrow described in Section 3 and the
Company’s right to repurchase the Shares under certain circumstances, the Participant may not sell, pledge, assign, encumber,
hypothecate, gift, transfer, bequeath, devise, donate or otherwise dispose of, in any way or manner whatsoever, whether voluntarily
or involuntarily, any legal or beneficial interest in any of the Shares until the Shares become fully vested in accordance with
Section 2.

 

Section
26.Call Upon Cessation of Service.

 

(a) If
the Participant’s service with the Company ceases for any reason, the Company or its assignee may repurchase up to all the
Shares that have become fully vested in accordance with Section 2 and that the Participant (including, for purposes of this
Section 9, any permitted transferee(s)) then hold(s) (the “Repurchase Option”). The price payable by
the Company or its assignee to repurchase Shares pursuant to this Section 9 will be the Fair Market Value of those Shares
at the time the right described in this Section 9 is exercised (which exercise is deemed to occur upon notice thereof
being given by the Company). Such price may be paid (i) in cash; (ii) by offset of any obligation of the Participant to the Company
or its affiliates (including a Promissory Note); or (iii) to the extent that payment in cash would give rise to an “event
of default” under the Company’s or any of its Affiliates’ principal credit agreement then in effect, by delivery
of a promissory with interest accruing at the then-current rate of U.S. Treasury Notes with a comparable duration, which interest
will be paid annually in arrears through maturity. Such note will mature and the Company shall make reasonable efforts to pay promptly
following the date upon which such payment would not give rise to an “event of default” under the Company’s principal
credit agreement then in effect, and in any event no longer than five years from such date.

 

(b) With
respect to each Share subject to repurchase pursuant to this Section 9, the Company (or its assignee) may exercise its repurchase
right by delivery of written notice to the holder of such Share at any time during the ninety (90) day period beginning on the
later of (i) the date the Participant’s provision of services to the Company ceases, or (ii) the date six months following
the date such Share became nonforfeitable in accordance with Section 2. All the rights of the holder of any such Shares,
other than the right to receive payment in the manner described in this Section 9, will terminate as of the date of delivery
by the Company of the written notice described in this paragraph. The only representation, warranty or covenant which the holder
of such Shares will be required to make in connection with a sale pursuant to this Section 9 is a representation and warranty
with respect to his or her ownership of the Shares and his or her ability to convey title thereto free and clear of liens, claims
or encumbrances.

 

(c) Upon
delivery of the notice described above in Section 9(b), full right, title and interest in such Shares will pass to the Company
or its assignee. If a holder of Shares becomes obligated to transfer any or all of such Shares to the Company or its assignee pursuant
to this Agreement, that holder will endorse in blank the certificates evidencing the Shares being repurchased and deliver those
certificates to the Company or its assignee within fifteen (15) days after receipt of the notice described above. Upon the delivery
of those Shares, the Company will deliver the repurchase price for the Shares in the manner described above in Section 9(a).
If a holder of Shares fails to deliver those Shares in accordance with the terms of this Agreement, the Company or its assignee
may, at its option, in addition to all other remedies it may have, either (i) send to that holder the purchase price for such
Shares, as herein specified, or (ii) deposit such amount with a trustee or escrow agent for the benefit of that holder for
release upon delivery of Shares in accordance with the terms of this Agreement. Thereupon, the Company or its assignee, upon written
notice to the holder, will (x) cancel on its books the certificate or certificates representing the Shares required to be
transferred, and (y) issue, in lieu thereof, in the name of the Company (or its assignee) a new certificate or certificates
representing such Shares.

 

    	 	35	 

     

    

 

Section
27.Representations and Warranties. By executing this Agreement, the Participant hereby represents, warrants,
covenants, acknowledges and/or agrees that:

 

(a) The
Participant has received a copy of the Plan, has read the Plan and is familiar with its terms, and hereby accepts the Shares subject
to the terms and provisions of the Plan, as amended from time to time.

 

(b) The
Shares are being acquired for the Participant’s own account, for investment purposes only, and not for the account of any
other person, and not with a view to the distribution thereof within the meaning of the Securities Act of 1933, as amended (the
“Securities Act”);

 

(c) No
other person (other than the Participant and the Company) has or will have a direct or indirect beneficial interest in the Shares
as of the Effective Date;

 

(d) The
Shares have not been registered or qualified under the Securities Act or any state securities laws, the offering and sale of the
Shares is intended to be exempt from registration under the Securities Act by virtue of Section 4(2) of, or Rule 701 promulgated
under the Securities Act, and reliance on that exemption is predicated in part on the accuracy of these representations and warranties;

 

(e) The
Participant has a preexisting business relationship with the Company, has such knowledge and experience in financial and business
matters in order to be able to evaluate the merits and risks of an investment in the Company, and is not utilizing any other person
as a purchaser representative to evaluate such merits and risks;

 

(f) The
Participant has been provided reasonable access to all relevant information in order to be able to evaluate an investment in the
Company and has had an opportunity to discuss with management of the Company the business and financial affairs of the Company;

 

(g) The
Participant understands and acknowledges that investment in the Company is speculative and involves a high degree of risk, the
Participant has no present need for liquidity in his investment in the Company and is able to bear the risk of that investment
for an indefinite period and to afford a complete loss thereof;

 

    	 	36	 

     

    

 

(h) The
Participant understands and acknowledges that there is no public market for the Shares, there can be no assurance that any such
market will ever develop and, therefore, the Participant may be required to hold the Shares indefinitely;

 

(i) In
addition to complying with other similar restrictions contained herein, the Participant will not sell, transfer, pledge, hypothecate
or otherwise dispose of any interest in the Shares unless such interest is registered in accordance with the Securities Act and
applicable state securities laws or an exemption from such registration is available and, if required by the Company, an opinion
of counsel is delivered to the Company, in a form satisfactory to the Company, that such registration is unnecessary; and

 

(j) The
Participant acknowledges and agrees that the Company is under no obligation to register the Shares on behalf of the Participant
or to assist the Participant in complying with any exemption from registration.

 

Section
28.General Provisions:

 

(a) This
Agreement (including the exhibits hereto), together with the Plan, represents the entire agreement between the parties with respect
to the purchase of the Shares and merges and supersedes all prior and contemporaneous discussions, agreements and understandings
of every nature relating to the Participant’s equity incentive compensation from the Company and any of its affiliates or
subsidiaries or any of their predecessors. This Agreement may only be modified or amended in a writing signed by both parties.

 

(b) Neither
this Agreement nor any rights or interest hereunder shall be assignable by the Participant, his beneficiaries or legal representatives,
and any purported assignment shall be null and void.

 

(c) Either
party’s failure to enforce any provision or provisions of this Agreement shall not in any way be construed as a waiver of
any such provision or provisions, nor prevent that party thereafter from enforcing each and every other provision of this Agreement.
The rights granted both parties herein are cumulative and shall not constitute a waiver of either party’s right to assert
all other legal remedies available to it under the circumstances.

 

(d) The
purchase of Shares hereunder will not confer upon the Participant any right to continue in service with the Company or any of its
subsidiaries or affiliates.

 

(e) This
Agreement shall be governed by, and enforced in accordance with, the laws of the State of Delaware, without regard to the application
of the principles of conflicts or choice of laws.

 

(f) This
Agreement may be executed, including execution by facsimile signature, in one or more counterparts, each of which shall be deemed
an original, and all of which together shall be deemed to be one and the same instrument.

 

* * * * * *

 

    	 	37	 

     

    

 

EXHIBIT 1

FULL RECOURSE SECURED PROMISSORY NOTE

 

	$[      ]	 	[      ], 2016

 

FOR
VALUE RECEIVED, the undersigned promises to pay to Hyrecar Inc, a Delaware corporation (the “Company”), or order,
at its principal office, the principal amount of $[      ],
plus accrued interest thereon, upon the earlier of (i) the [tenth (10th)] anniversary of the date of this Full Recourse Secured
Promissory Note (this “Note”), (ii) the closing of a Change of Control in which the proceeds to the stockholders
of the Company include cash or freely marketable securities, or (iii) 30 days following the cessation of Participant’s
service with the Company if such cessation is (A) by the Company for Cause (as defined in the Company’s 2016 Equity
Incentive Plan (the “Plan”)) or (B) voluntarily by the undersigned, unless the Board elects, in its sole
discretion, to have the term in subsection (i) of this section apply to such voluntary cessation of service, or (iv) the
closing of any private sale of the Pledged Stock (as defined below) (the “Due Date”). This Note shall bear interest
at the rate per annum of [_____]% [the applicable Federal Rate as of August 2016], compounded annually. Payment of such
interest shall be deferred until the Due Date, provided that the undersigned shall submit to the Company payment in full of all
such interest on the Due Date.

 

Capitalized
terms used but not defined herein shall have the meanings ascribed to them in that certain Restricted Stock Agreement between the
Company and the undersigned dated the date hereof (the “Restricted Stock Agreement”) or in the Plan.

 

As
security for the full and timely payment of this Note, the undersigned hereunder pledges and grants to the Company a security interest
in [      ] Shares purchased by the undersigned pursuant
to the Restricted Stock Agreement (the “Pledged Stock”), together with any stock subscription rights, liquidating
dividends, stock dividends, new securities of any type whatsoever, or any other property which the undersigned is or may be entitled
to receive as a result of the undersigned’s ownership of the Pledged Stock. The undersigned shall, upon execution of this
Note, deliver (or authorize the Company to retain) all certificates representing the Pledged Stock to the Company. The Company
shall hold the Pledged Stock to perfect the security interest granted hereunder.

 

If
the undersigned’s service to the Company is terminated that portion of the principal amount of this Note (and any interest
accrued thereon from the date hereof) equal to the number of unvested Shares multiplied by the lesser of (A) the Purchase Price
that is attributable to those unvested Shares or (B) the Fair Market Value of those unvested Shares shall be automatically cancelled
and the undersigned’s payment obligations for such unvested and forfeited shares shall be extinguished.

 

The
undersigned may prepay any amount due hereunder at any time, without premium or penalty.

 

The
undersigned hereby waives to the full extent permitted by law all rights to plead any statute of limitations as a defense to any
action hereunder.

 

    	 	38	 

     

    

 

The
undersigned acknowledges that this Note is a full recourse note and that the undersigned is liable for full payment of this Note
without regard to the value at any time or from time to time of the Pledged Stock. In the event of any default in the payment of
this Note, the Company shall have and may exercise any and all remedies of a secured party under the Uniform Commercial Code, and
any other remedies available at law or in equity, with respect to the Pledged Stock. The undersigned acknowledges that state or
federal securities laws may restrict the public sale of securities, and may require private sales at prices or on terms less favorable
to the seller than public sales.

 

The
failure of the Company to exercise any of the rights created hereby, or to promptly enforce any of the provisions of this Note,
shall not constitute a waiver of the right to exercise such rights or to enforce any such provisions.

 

As
used herein, the undersigned includes the successors, assigns and distributees of the undersigned.

 

As
used herein, the Company includes the successors, assigns and distributees of the Company, as well as a holder in due course of
this Note.

 

In
the event the Company incurs any costs or fees in order to enforce payment of this Note or any portion thereof, the undersigned
agrees to pay to the Company, in addition to such amounts as are owed pursuant to this Note, such costs and fees, including, without
limitation, a reasonable sum for attorneys’ fees.

 

This
Note is made under and shall be construed in accordance with the laws of the State of Delaware, without regard to the conflict
of law provisions thereof.

 

	 	 
	 	(Signature)
	 	Name:	       
	 	Address:
	 	 
	 	 

 

    	 	39	 

     

    

 

EXHIBIT
2

 

FORM OF STOCK PLEDGE AGREEMENT

 

This STOCK PLEDGE AGREEMENT
(this “Agreement”), is made and entered into as of the ____ day of _____, 2016, by and between [Participant’s
Name] (“Pledgor”) on the one hand, and Hyrecar Inc (the “Secured Party”) on the other hand.
Capitalized terms used but not defined herein will have the same meaning as defined in the Note (defined below).

 

RECITALS

 

WHEREAS, the Secured
Party is loaning the Pledgor $__________ in exchange for a full recourse promissory note secured by a pledge of ________ shares
of the Secured Party’s Common Stock (the “Pledged Stock”);

 

WHEREAS, concurrently
with the execution and delivery of this Agreement, Pledgor is executing and delivering a Full Recourse Promissory Note in favor
of the Secured Party with a principal amount of $_________ (the “Note”);

 

WHEREAS, in order to
secure the Pledgor’s performance and payment of the Note, the Pledgor has agreed to grant to the Secured Party a security
interest in the Pledged Stock and enter into this Agreement.

 

AGREEMENT

 

NOW, THEREFORE, in
consideration of the premises and the mutual covenants herein contained, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

 

1. Definitions.
The following terms shall have the following meanings wherever used in this Agreement:

 

“Loan”
means the loan made by the Secured Party to the Pledgor on the date of the Note, in an amount equal to the original principal amount
of the Note.

 

“Obligations”
shall mean all principal and interest and other payments, penalties and/or obligations which may be due and payable under the Note,
whether upon stated maturity, by acceleration, or otherwise, outstanding at any time and under this Agreement.

 

“Satisfaction
Date” shall mean that date on which all of the Obligations have been paid or otherwise satisfied in full.

 

2. Pledge
of the Pledged Stock/Additional Deposits.

 

a. As
security for the due and timely payment and performance of all of the Obligations, the Pledgor pledges to the Secured Party, and
grants to the Secured Party a security interest in, all of the Pledged Stock (as same are constituted from time to time), together
with all cash dividends, stock dividends, interest, profits, premiums, redemptions, warrants, subscription rights, options, substitutions,
exchanges and other distributions now or hereafter made on the Pledged Stock and all cash and non-cash proceeds thereof, until
the Satisfaction Date. The Pledged Stock and all property at any time pledged to the Secured Party hereunder or in which the Secured
Party is granted a security interest (whether described herein or not) and all income therefrom and proceeds thereof are herein
included in the definition of Pledged Stock.

 

    	 	40	 

     

    

 

b. In
furtherance of the pledge hereunder, the Pledgor is, concurrently herewith, delivering to the Secured Party, the certificate or
certificates representing all of the Pledged Stock, each of which now remains in the name of the Pledgor and accompanied by appropriate
undated stock power(s) duly endorsed in blank by the Pledgor, attached as Exhibit A.

 

c. If,
while this Agreement is in effect, the Pledgor becomes entitled to receive or receives any stock certificate(s) (including, without
limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or
reduction of capital or issued in connection with any reorganization), option or rights whether as an addition to, in substitution
of, or in exchange for, any Pledged Stock or otherwise, the Pledgor agrees to accept the same, to hold the same in trust on behalf
of and for the benefit of the Secured Party.

 

3. Retention
of the Pledged Stock.

 

a. Except
as otherwise provided herein, the Secured Party shall have no obligation with respect to the Pledged Stock, except to use reasonable
care in the custody and preservation thereof, to the extent required by law.

 

b. The
Secured Party shall hold the Pledged Stock in the form in which same are delivered herewith.

 

c. Without
the prior written consent of the Secured Party, the Pledgor shall not cause or permit any lien or encumbrance to attach to the
Pledged Stock, nor shall Pledgor transfer, sell, convey the Pledged Stock to any other party as collateral or otherwise (or agree
to do any of the foregoing), until the Satisfaction Date.

 

4. Rights
of the Pledgor. Throughout the term of this Agreement the Pledgor shall have the right to vote the Pledged Stock in all matters
presented to the stockholders of the Secured Party for vote thereon, except in a manner inconsistent with the terms of this Agreement
or detrimental to the interests of the Secured Party.

 

5. Power
of Attorney.

 

a. The
Pledgor hereby authorizes and appoints the Secured Party, with full powers of substitution, as the true and lawful attorney-in-fact
of the Pledgor, in his name, place and stead, to take any and all such action as the Secured Party, in its sole discretion, may
deem necessary or appropriate in furtherance of the exercise of the aforesaid powers specifically set forth in this Agreement.
Such power of attorney shall be coupled with an interest, and shall be irrevocable until the Satisfaction Date. Without limitation
of the foregoing, such power of attorney shall not in any manner be affected or impaired by reason of any act of the Pledgor or
by operation of law. Nothing herein contained, however, shall be deemed to require or impose any duty upon the Secured Party to
exercise any of the rights or powers granted herein.

 

    	 	41	 

     

    

 

b. The
foregoing power of attorney, shall be fully binding upon any person who may acquire any beneficial interest in any of the Pledged
Stock.

 

6. Covenants,
Representations and Warranties. In connection with the transactions contemplated by this Agreement, and knowing that the Secured
Party is and shall be relying hereon, the Pledgor hereby covenants, represents and warrants that:

 

a. the
Pledged Stock is and will be owned by the Pledgor free and clear of any and all restrictions, pledges, liens, encumbrances or other
security interests of any kind, save and except for the pledge under this Agreement;

 

b. there
are and will be no options, warrants or other rights in respect of the sale, transfer or other disposition of any of the Pledged
Stock by the Pledgor, and the Pledgor has the absolute right to pledge the Pledged Stock hereunder without the necessity of any
consent of any Person;

 

c. neither
the execution or delivery of this Agreement, nor the consummation of the transactions contemplated hereby, nor the compliance with
or performance of this Agreement by the Pledgor, conflicts with or will result in the breach or violation of or a default under
the terms, conditions or provisions of (i) any mortgage, security agreement, indenture, evidence of indebtedness, loan or financing
agreement, or other agreement or instrument to which the Pledgor is a party or by which the Pledgor is bound, or (ii) any provision
of law, any order of any court or administrative agency, or any rule or regulation applicable to the Pledgor;

 

d. this
Agreement has been duly executed and delivered by the Pledgor, and constitutes the legal, valid and binding obligation of the Pledgor,
enforceable against the Pledgor in accordance with its terms;

 

e. there
are no actions, suits or proceedings pending or threatened against or affecting the Pledgor that involve or relate to the Pledged
Stock; and

 

f. upon
execution and performance of this Agreement by Pledgor, the Secured Party shall have the senior security interest in the Pledged
Stock.

 

7. Return
of the Pledged Stock. To the extent that the Secured Party shall not previously have taken, acquired, sold, transferred, disposed
of or otherwise realized value on the Pledged Stock in accordance with this Agreement, on the date on which the Obligations have
been indefeasibly discharged by payment in cash, any remaining security interest in the Pledged Stock shall automatically terminate,
cease to exist and be released, and the Secured Party shall forthwith return any remaining Pledged Stock and irrevocably release
such shares from collateral.

 

8. Expenses
of the Secured Party. All expenses incurred by the Secured Party (including but not limited to reasonable attorneys’
fees) in connection with any actual or attempted sale or other disposition of Pledged Stock hereunder shall be reimbursed to the
Secured Party by the Pledgor on demand, or, at the Secured Party’s option, such expenses may be added to the Obligations
and shall be payable on demand.

 

    	 	42	 

     

    

 

9. Further
Assurances. From time to time hereafter, each party shall take any and all such further action, and shall execute and deliver
any and all such further documents and/or instruments, as any other party may request in order to accomplish the purposes of and
fulfill the parties’ obligations under this Agreement, in order to enable the Secured Party to exercise any of its rights
hereunder, and/or in order to secure the Secured Party’s interest in the Pledged Stock.

 

10. Termination.
This Agreement shall terminate on the Satisfaction Date, except that the parties’ obligations under Section 8 shall
survive until performed or paid.

 

11. Miscellaneous.

 

a. All
notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and,
unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified
most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed
effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine,
at the address or number designated below (if delivered on a business day during normal business hours where such notice is to
be received), or the first business day following such delivery (if delivered other than on a business day during normal business
hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service,
fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for
such communications shall be:

 

	 	To Pledgor:	Participant
	 	 	[Address 1]
	 	 	[Address 2]
	 	 	[Facsimile]
	 	 	[Telephone]
	 	 	 
	 	To Secured Party:	Hyrecar Inc
	 	 	7750 Tamarack Dr.
	 	 	Dublin, CA 94568
	 	 	Attn: Marciano Kim, CEO 
	 	 	 
	 	With a copy to:	Mitchell, Silberberg & Knupp LLP
	 	 	11377 W. Olympic Blvd.
	 	 	Los Angeles, California 90064
	 	 	Attn:  Nimish Patel, Esq.

 

b. If
any notice to Pledgor of the sale or other disposition of Pledged Stock is required by then applicable law, five (5) business days
prior written notice (which Pledgor agrees is reasonable notice within the meaning of Section 9-504(3) of the Uniform Commercial
Code) to Pledgor of the time and place of any sale of Pledged Stock which Pledgor agrees may be by private sale. The rights granted
in this Section are in addition to any and all rights available to Secured Party under the Uniform Commercial Code.

 

    	 	43	 

     

    

 

c. The
laws of the State of Delaware including but not limited to Article 9 of the Uniform Commercial Code as in effect from time to time,
shall govern the construction and enforcement of this Agreement and the rights and remedies of the parties hereto. The parties
hereby consent to the exclusive jurisdiction of all courts sitting in the State of Delaware, in connection with any action or proceeding
under or relating to this Agreement, and waive trial by jury in any such action or proceeding.

 

d. This
Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, executors, administrators,
personal representatives, successors and permitted assigns. The Pledgor shall not, however, assign any of its or his rights or
obligations hereunder without the prior written consent of the Secured Party, and the Secured Party shall not assign its rights
hereunder without simultaneously assigning their obligations hereunder to the subject assignee. Except as otherwise referred to
herein, this Agreement, and the documents executed and delivered pursuant hereto, constitute the entire agreement between the parties
relating to the specific subject matter hereof.

 

e. Neither
any course of dealing between the Pledgor and/or Secured Party nor any failure to exercise, or any delay in exercising, on the
part of the Secured Party, any right, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial
exercise of any right, power or privilege operate as a waiver of any other exercise of such right, power or privilege or any other
right, power or privilege.

 

f. The
Secured Party’s rights and remedies, whether hereunder or pursuant to any other agreements or by law or in equity, shall
be cumulative and may be exercised singly or concurrently.

 

g. No
change, amendment, modification, waiver, assignment of rights or obligations, cancellation or discharge hereof, or of any part
hereof, shall be valid unless the Secured Party shall have consented thereto in writing.

 

h. The
captions and paragraph headings in this Agreement are for convenience of reference only, and shall not in any way define, limit
or describe the construction, terms or provisions of this Agreement.

 

i. If
any provision of this Agreement is held invalid or unenforceable, either in its entirety or by virtue of its scope or application
to given circumstances, such provision shall thereupon be deemed modified only to the extent necessary to render same valid, or
not applicable to given circumstances, or excised from this Agreement, as the situation may require, and this Agreement shall be
construed and enforced as if such provision had been included herein as so modified in scope or application, or had not been included
herein, as the case may be.

 

j. This
Agreement may be executed in any number of counterparts and by the different signatories hereto on separate counterparts, by facsimile
signature via facsimile transmission or PDF scan via electronic mail, each of which, when so executed, shall be deemed to have
the same legal effect as an original.

 

[Remainder of Page Left Blank Intentionally]

 

    	 	44	 

     

    

 

IN WITNESS WHEREOF, the parties hereto have
executed this Stock Pledge Agreement on and as of the date first set forth above.

 

	PLEDGOR:	 
	 	 
		[PARTICIPANT], an individual
	 	 
	SECURED PARTY:	HYRECAR INC
	 	 
	 	 
	 	Name: Marciano Kim
	 	Title: Chief Executive Officer

 

    	 	45	 

     

    

EXHIBIT A

 

STOCK POWER

 

ASSIGNMENT SEPARATE FROM STOCK CERTIFICATE

 

FOR VALUE RECEIVED,
[Participant] (the “Stockholder”) hereby assigns all right, title and interest in ______ shares of Common Stock
(the “Stock”) of HYRECAR INC, a Delaware corporation (the “Company”), represented by Stock
Certificate Number _____, to and for the benefit of the Company, subject to the terms and conditions of that certain Stock Pledge
Agreement dated ______ __, 2016, by and between the Stockholder as “Pledgor” and the above named beneficiaries as “Secured
Party” (“Pledge Agreement”). This Stock Power and the accompanying Stock Certificate is being delivered
to the Secured Party in connection with a pledge of the Stock under the Pledge Agreement. The Stockholder does hereby irrevocably
constitute and appoint the Secured Party to transfer the said shares, subject to the terms and conditions of the Pledge Agreement,
on the share register of the Company with full power of substitution in the premises.

 

Executed this ___ day of _______, 2016.

 

	 	 
	 	[Participant]

 

    	 	46	 

     

    

 

EXHIBIT 3

 

CONSENT
OF SPOUSE

 

I, , spouse of the Participant
have read and approve the foregoing Restricted Stock Award Notice and Restricted Stock Agreement (the “Agreement”).
In consideration of the purchase of shares of Hyrecar Inc (the “Company”) as set forth in that Agreement, I
hereby appoint my spouse as my attorney-in-fact with respect to the exercise of any rights under the Agreement and agree to be
bound by the provisions of the Agreement insofar as I may have any rights in said Agreement or any shares issued pursuant thereto
under the community property laws or similar laws relating to marital property.

 

Dated: ___________________, ________

 

	 	 
	 	(Signature of Spouse)
	 	 
	 	 
	 	(Printed Name)

 

    	 	47	 

     

    

 

Exhibit
4

SECTION 83(b) TAX ELECTION

 

This statement is being made under Section
83(b) of the Internal Revenue Code, pursuant to Treasury Regulation Section 1.83-2.

 

(1) The taxpayer who
performed the services is:

 

	 	Name:	 	 	 
	 	Address:	 	 	 
	 	 	 	 	 
	 	Taxpayer ID No.:	 	 	 

 

(2) The
property with respect to which the election is being made is [________] shares of the common stock of Hyrecar Inc

 

(3) The
property was transferred on [_____________].

 

(4) The
taxable year in which the election is being made is the calendar year [______].

 

(5) Subject
to the taxpayer’s continued service to the issuer, the property will become nonforfeitable [on the fourth anniversary of
the transfer date, subject to accelerated vesting upon certain corporate transactions.

 

(6) The
fair market value at the time of transfer (determined without regard to any restriction other than a restriction which by its terms
will never lapse) is [$_______] per share.

 

(7) The
taxpayer paid [$________] per share for the property herein described.

 

(8) A
copy of this statement was furnished to the entity for whom the taxpayer rendered the services underlying the transfer of property.

 

(9) This
statement was executed on [___________________].

 

	By:	 	 
	 	[PARTICIPANT], Taxpayer	 

 

This form must be filed with the
Internal Revenue Service Center with which the taxpayer files his/her Federal income tax returns within 30 days of the transfer
of the above-described property.

 

    	 	48Exhibit 10.7

 

HYRECAR INC

 

2018 EQUITY INCENTIVE PLAN 

 

Adopted by Board:_____, 2018

 

Approved by Stockholders: _____, 2018

 

Termination Date: _____, 2028

 

 

	I.	INTRODUCTION 

 

1.1 Purposes. The purposes of the Hyrecar Inc.
2018 Equity Incentive Plan, effective :_____, 2018, as set forth herein (this “Plan”) are (i) to align the interests
of the Company’s stockholders and the recipients of awards under this Plan by increasing the proprietary interest of such
recipients in the Company’s growth and success, (ii) to advance the interests of the Company by attracting and retaining
directors, officers, employees and other service providers and (iii) to motivate such persons to act in the long-term best interests
of the Company and its stockholders.

 

1.2 Certain Definitions. 

 

“Agreement” shall mean an electronic
or written agreement evidencing an award hereunder between the Company and the recipient of such award.

 

“Assumed” means that pursuant to a
Change in Control, either (i) the award is expressly affirmed by the Company or (ii) the contractual obligations represented by
the award are expressly assumed (and not simply by operation of law) by the successor entity or its parent in connection with the
Change in Control with appropriate adjustments to the number and type of securities of the successor entity or its parent subject
to the award and the exercise or purchase price thereof which at least preserves the compensation element of the award existing
at the time of the Change in Control as determined in accordance with the instruments evidencing the agreement to assume the award.

 

“Board” shall mean the Board of Directors
of the Company.

 

“Bonus Shares” shall mean Shares which
are not subject to a Restriction Period or Performance Measures.

 

“Bonus Share Award” shall mean an
award of Bonus Shares under this Plan.

 

“Cash-Based Award” shall mean an award
denominated in cash that may be settled in cash and/or Shares, which may be subject to restrictions, as established by the Committee.

 

“Change in Control” shall have the
meaning set forth in Section 6.8(b).

 

“Code” shall mean the Internal Revenue
Code of 1986, as amended.

 

“Committee” shall mean the Committee
designated by the Board, or a subcommittee thereof, consisting of two or more members of the Board, each of whom is intended to
be (i) a “Non-Employee Director” within the meaning of Rule 16b-3 under the Exchange Act and (ii) “independent”
within the meaning of the rules of the Nasdaq Capital Market or any other stock exchange on which Shares are then traded.

 

“Common Stock” shall mean the common
stock of the Company.

 

“Company” shall mean HyreCar Inc.,
a Delaware corporation, or any successor thereto.

 

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

 

“Fair Market Value” shall mean the
closing transaction price of a Share as reported on the Nasdaq Capital Market on the date as of which such value is being determined
or, if Shares are not listed on the Nasdaq Capital Market, the closing transaction price of a Share on the principal national
stock exchange on which Shares are traded on the date as of which such value is being determined or, if there shall be no reported
transactions for such date, on the next preceding date for which transactions were reported; provided, however, that
if Shares are not listed on a national stock exchange or if Fair Market Value for any date cannot be so determined, Fair Market
Value shall be determined by the Committee by whatever means or method as the Committee, in the good faith exercise of its discretion,
shall at such time deem appropriate and in compliance with Section 409A of the Code.

 

“Free-Standing SAR” shall mean an
SAR which is not granted in tandem with, or by reference to, an option, which entitles the holder thereof to receive, upon exercise,
Shares (which may be Restricted Shares) or, to the extent provided in the applicable Agreement, cash or a combination thereof,
with an aggregate value equal to the excess of the Fair Market Value of one Share on the date of exercise over the base price of
such SAR, multiplied by the number of such SARs which are exercised.

 

“Incentive Stock Option” shall mean
an option to purchase Shares that meets the requirements of Section 422 of the Code, or any successor provision, which is intended
by the Committee to constitute an Incentive Stock Option.

 

     

     

    

 

“Incumbent Director” shall have the
meaning set forth in Section 6.8(b)(iii).

 

“Initial Public Offering” shall mean
the initial public offering of the Company registered on Form S-1 (or any successor form under the Securities Act of 1933, as amended).

 

“Non-Employee Director” shall mean
any director of the Company who is not an officer or employee of the Company or any Subsidiary.

 

“Nonqualified Option” shall mean an
option to purchase Shares which is not an Incentive Stock Option.

 

“Performance Measures” shall mean
the criteria and objectives, established by the Committee in its sole discretion, which shall be satisfied or met (i) as a condition
to the grant or exercisability of all or a portion of an option or SAR or (ii) during the applicable Restriction Period or Performance
Period as a condition to the vesting of the holder’s interest, in the case of a Restricted Share Award, of the Shares subject
to such award, or, in the case of a Restricted Share Unit Award, Performance Unit Award or Cash-Based Award, to the holder’s
receipt of the Shares subject to such award or of payment with respect to such award. The performance goals may consist of any
objective or subjective corporate- wide or subsidiary, division, operating unit or individual measures, whether or not listed herein.
The applicable performance measures may be applied on a pre- or post-tax basis and may be adjusted as determined by the Committee
to include or exclude objectively determinable components of any performance measure, including, without limitation, special charges
such as restructuring or impairment charges, debt refinancing costs, extraordinary or noncash items, unusual, nonrecurring or one-time
events affecting the Company or its financial statements or changes in law or accounting principles (“Adjustment Events”).
In the sole discretion of the Committee, the Committee may amend or adjust the Performance Measures or other terms and conditions
of an outstanding award in recognition of any Adjustment Events. Performance goals shall be subject to such other special rules
and conditions as the Committee may establish at any time.

 

“Performance Period” shall mean any
period designated by the Committee during which (i) the Performance Measures applicable to an award shall be measured and (ii)
the conditions to vesting applicable to an award shall remain in effect.

 

“Performance Unit” shall mean a right
to receive, contingent upon the attainment of specified Performance Measures within a specified Performance Period, a specified
cash amount or, in lieu thereof and to the extent set forth in the applicable award Agreement, Shares having a Fair Market Value
equal to such cash amount.

 

“Performance Unit Award” shall mean
an award of Performance Units under this Plan.

 

“Replaced” means that pursuant to
a Change in Control the award is replaced with a comparable stock award or a cash incentive award or program of the Company, the
successor entity (if applicable) or parent of either of them which preserves the compensation element of such award existing at
the time of the Change in Control and provides for subsequent payout in accordance with the same (or, for the participant, a more
favorable) vesting schedule applicable to such award. The determination of award comparability shall be made by the Committee and
its determination shall be final, binding and conclusive.

 

“Restricted Shares” shall mean Shares
which are subject to a Restriction Period and which may, in addition thereto, be subject to the attainment of specified Performance
Measures within a specified Performance Period.

 

“Restricted Share Award” shall mean
an award of Restricted Shares under this Plan.

 

“Restricted Share Unit” shall mean
a right to receive one Share or, in lieu thereof and to the extent set forth in the applicable award Agreement, the Fair Market
Value of such Share in cash, which shall be contingent upon the expiration of a specified Restriction Period and which may, in
addition thereto, be contingent upon the attainment of specified Performance Measures within a specified Performance Period.

 

“Restricted Share Unit Award” shall
mean an award of Restricted Share Units under this Plan.

 

“Restriction Period” shall mean any
period designated by the Committee during which (i) the Shares subject to a Restricted Share Award may not be sold, transferred,
assigned, pledged, hypothecated or otherwise encumbered or disposed of, except as provided in this Plan or the Agreement relating
to such award, or (ii) the conditions to vesting applicable to a Restricted Share Unit Award shall remain in effect.

 

“SAR” shall mean a share appreciation
right which may be a Free-Standing SAR or a Tandem SAR.

 

“Share” shall mean a share of the
Common Stock, $0.00001 par value per share, of the Company, and all rights appurtenant thereto.

 

“Share Award” shall mean a Bonus Share
Award, Restricted Share Award or Restricted Share Unit Award.

 

“Subsidiary” shall mean any corporation,
limited liability company, partnership, joint venture or similar entity in which the Company owns, directly or indirectly, an equity
interest possessing more than 50% of the combined voting power of the total outstanding equity interests of such entity.

 

“Substitute Award” shall mean an award
granted under this Plan upon the assumption of, or in substitution for, outstanding equity awards previously granted by a company
or other entity in connection with a corporate transaction, including a merger, combination, consolidation or acquisition of property
or stock; provided, however, that in no event shall the term “Substitute Award” be construed to refer
to an award made in connection with the cancellation and repricing of an option or SAR.

 

    2

     

    

 

“Tandem SAR” shall mean an SAR which
is granted in tandem with, or by reference to, an option (including a Nonqualified Option granted prior to the date of grant of
the SAR), which entitles the holder thereof to receive, upon exercise of such SAR and surrender for cancellation of all or a portion
of such option, Shares (which may be Restricted Shares) or, to the extent provided in the applicable Agreement, cash or a combination
thereof, with an aggregate value equal to the excess of the Fair Market Value of one Share on the date of exercise over the base
price of such SAR, multiplied by the number of Shares subject to such option, or portion thereof, which is surrendered.

 

“Tax Date” shall have the meaning
set forth in Section 6.5.

 

“Ten Percent Holder” shall have the
meaning set forth in Section 2.1(a).

 

1.3 Administration. This Plan shall be administered
by the Committee. Any one or a combination of the following awards may be made under this Plan to eligible persons: (i) options
to purchase Shares in the form of Incentive Stock Options or Nonqualified Options, (ii) SARs in the form of Tandem SARs or Free-Standing
SARs, (iii) Share Awards in the form of Bonus Shares, Restricted Shares or Restricted Share Units, (iv) Performance Units and (v)
Cash-Based Awards. The Committee shall, subject to the terms of this Plan, select eligible persons for participation in this Plan
and determine the form, amount and timing of each award to such persons and, if applicable, the number of Shares, the number of
SARs, the number of Restricted Share Units, the value of Cash-Based Awards and the number of Performance Units subject to such
an award, the exercise price or base price associated with the award, the time and conditions of exercise or settlement of the
award and all other terms and conditions of the award, including, without limitation, the form of the Agreement evidencing the
award. The Committee may, in its sole discretion and for any reason at any time, take action such that (i) any or all outstanding
options and SARs shall become exercisable in part or in full, (ii) all or a portion of the Restriction Period applicable to any
outstanding Restricted Shares or Restricted Share Units shall lapse, (iii) all or a portion of the Performance Period applicable
to any outstanding award shall lapse and (iv) the Performance Measures (if any) applicable to any outstanding award shall be deemed
to be satisfied at the target or any other level. The Committee shall, subject to the terms of this Plan, interpret this Plan and
the application thereof, establish rules and regulations it deems necessary or desirable for the administration of this Plan and
may impose, incidental to the grant of an award, conditions with respect to the award. All such interpretations, rules, regulations
and conditions shall be conclusive and binding on all parties.

 

The Committee may delegate some or all of its power and authority
hereunder to the Board or, subject to applicable law, to the Chief Executive Officer and President or such other executive officer
as the Committee deems appropriate; provided, however, that (i) the Committee may not delegate its power and authority
to the Board or the President and Chief Executive Officer or other executive officer of the Company with regard to the grant of
an award to any person who is a Covered Employee or who, in the Committee’s judgment, is likely to be a Covered Employee
at any time during the period an award hereunder to such employee would be outstanding and (ii) the Committee may not delegate
its power and authority to the President and Chief Executive Officer or other executive officer of the Company with regard to the
selection for participation in this Plan of an officer, director or other person subject to Section 16 of the Exchange Act or decisions
concerning the timing, pricing or amount of an award to such an officer, director or other person.

 

No member of the Board or Committee, and neither the Chief Executive
Officer and President or any other executive officer to whom the Committee delegates any of its power and authority hereunder,
shall be liable for any act, omission, interpretation, construction or determination made in connection with this Plan in good
faith, and the members of the Board and the Committee and the Chief Executive Officer and President and any other executive officer
shall be entitled to indemnification and reimbursement by the Company in respect of any claim, loss, damage or expense (including
attorneys’ fees) arising therefrom to the full extent permitted by law (except as otherwise may be provided in the Company’s
Certificate of Incorporation or By-Laws, each as may be amended from time to time) and under any directors’ and officers’
liability insurance that may be in effect from time to time.

 

A majority of the Committee shall constitute a quorum. The acts
of the Committee shall be either (i) acts of a majority of the members of the Committee present at any meeting at which a quorum
is present or (ii) acts approved in writing by all of the members of the Committee without a meeting.

 

1.4 Eligibility. Participants in this Plan shall
consist of such officers, Non-Employee Directors, employees, consultants, agents and independent contractors, and persons expected
to become officers, Non-Employee Directors, employees, consultants, agents, and independent contractors of the Company and its
Subsidiaries as the Committee in its sole discretion may select from time to time. The Committee’s selection of a person
to participate in this Plan at any time shall not require the Committee to select such person to participate in this Plan at any
other time. For purposes of this Plan and except as otherwise provided for in an Agreement, references to employment by the Company
shall also mean employment by a Subsidiary, and references to employment shall include service as a Non-Employee Director or independent
contractor. The Committee shall determine, in its sole discretion, the extent to which a participant shall be considered employed
during any periods during which such participant is on an approved leave of absence.

 

1.5 Shares and Cash Available.
Subject to adjustment as provided in Section 6.7 and to all other limits set forth in this Section 1.5, 3,000,000 Shares shall
be available for awards under this Plan. The number of Shares that remain available for future grants under the Plan shall be
reduced by the sum of the aggregate number of Shares which become subject to outstanding options, outstanding Free-Standing SARs
and outstanding Share Awards and delivered upon the settlement of Performance Units. As of the first day of each calendar year
beginning on or after January 1, 2021, the number of Shares available for all awards under the Plan, other than Incentive Stock
Options, shall automatically increase by a number equal to the least of (x) 300,000 Shares, (y) 5% of the number of Shares that
are issued and outstanding as of such date, or (z) a lesser number of Shares determined by the Committee. To the extent that Shares
subject to an outstanding option, SAR, Share Award or other award granted under the Plan are not issued or delivered by reason
of (i) the expiration, termination, cancellation or forfeiture of such award (excluding Shares subject to an option cancelled
upon settlement in Shares of a related tandem SAR or Shares subject to a tandem SAR cancelled upon exercise of a related option)
or (ii) the settlement of such award in cash, then such Shares shall again be available under this Plan, other than for grants
of Incentive Stock Options. Notwithstanding the foregoing and, subject to adjustment as provided in Section 6.7, the maximum number
of Shares that may be issued upon the exercise of Incentive Stock Options will equal the aggregate Share number stated in Section
1.5, plus, to the extent allowable under Section 422 of the Code and the Treasury Regulations promulgated thereunder, any Shares
that become available for issuance under the Plan pursuant this Section 1.5.

    3

     

    

 

To the extent not prohibited by the listing requirements of
the Nasdaq Capital Market or any other stock exchange on which Shares are then traded or applicable laws, any Shares covered by
an award which are surrendered (i) in payment of the award exercise or purchase price (including pursuant to the “net exercise”
of an option pursuant to Section 2.1(c), or the “net settlement” or “net exercise” of a Share-settled SAR
pursuant to Section 2.2(c)) or (ii) in satisfaction of tax withholding obligations incident to the grant, exercise, vesting or
settlement of an award shall be deemed not to have been issued for purposes of determining the maximum number of Shares which may
be issued pursuant to all awards under the Plan, unless otherwise determined by the Committee. Notwithstanding anything in this
Section 1.5 to the contrary, Shares subject to an award under this Plan may not be made available for issuance under this Plan
if such shares are shares repurchased on the open market with the proceeds of an option exercise.

 

The number of Shares for awards under this Plan shall not be
reduced by (i) the number of Shares subject to Substitute Awards or (ii) available shares under a stockholder approved plan of
a company or other entity which was a party to a corporate transaction with the Company (as appropriately adjusted to reflect such
corporate transaction) which become subject to awards granted under this Plan (subject to applicable stock exchange requirements).

 

Shares to be delivered under this Plan shall be made available
from authorized and unissued Shares, or authorized and issued Shares reacquired and held as treasury shares or otherwise or a combination
thereof.

 

1.6 Per Person Limits The aggregate grant date
fair value of Shares that may be granted during any fiscal year of the Company to any Non-Employee Director shall not exceed $150,000;
provided, however, that (i) the limit set forth in this sentence shall be $150,000 in the year in which a Non-Employee Director
commences service on the Board and (ii) the limits set forth in this sentence shall not apply to awards made pursuant to an election
to receive the award in lieu of all or a portion of fees received for service on the Board or any committee thereunder.

 

	II.	OPTIONS AND SHARE APPRECIATION RIGHTS 

2.1 Options. The Committee may, in its discretion,
grant options to purchase Shares to such eligible persons as may be selected by the Committee. Each option, or portion thereof,
that is not an Incentive Stock Option, shall be a Nonqualified Option. To the extent that the aggregate Fair Market Value (determined
as of the date of grant) of Shares with respect to which options designated as Incentive Stock Options are exercisable for the
first time by a participant during any calendar year (under this Plan or any other plan of the Company, or any parent or Subsidiary)
exceeds the amount (currently $100,000) established by the Code, such options shall constitute Nonqualified Options.

 

Options shall be subject to the following terms and conditions
and shall contain such additional terms and conditions, not inconsistent with the terms of this Plan, as the Committee shall deem
advisable:

 

(a) Number of Shares and Purchase Price. The number of
Shares subject to an option and the purchase price per Share purchasable upon exercise of the option shall be determined by the
Committee; provided, however, that the purchase price per Share purchasable upon exercise of an option shall not
be less than 100% of the Fair Market Value of a Share on the date of grant of such option; provided further, that if an
Incentive Stock Option shall be granted to any person who, at the time such option is granted, owns capital stock possessing more
than 10 percent of the total combined voting power of all classes of capital stock of the Company (or of any parent or Subsidiary)
(a “Ten Percent Holder”), the purchase price per Share shall not be less than the price (currently 110% of Fair
Market Value) required by the Code in order to constitute an Incentive Stock Option.

 

Notwithstanding the foregoing, in the case of an option that
is a Substitute Award, the purchase price per Share of the Shares subject to such option may be less than 100% of the Fair Market
Value per Share on the date of grant, provided, that the excess of: (a) the aggregate Fair Market Value (as of the date such Substitute
Award is granted) of the shares subject to the Substitute Award, over (b) the aggregate purchase price thereof does not exceed
the excess of: (x) the aggregate fair market value (as of the time immediately preceding the transaction giving rise to the Substitute
Award, such fair market value to be determined by the Committee) of the shares of the predecessor company or other entity that
were subject to the grant assumed or substituted for by the Company, over (y) the aggregate purchase price of such shares.

 

(b) Option Period and Exercisability. The period during
which an option may be exercised shall be determined by the Committee; provided, however, that no option shall be
exercised later than ten years after its date of grant; provided further, that if an Incentive Stock Option shall be granted
to a Ten Percent Holder, such option shall not be exercised later than five years after its date of grant. The Committee may, in
its discretion, establish Performance Measures which shall be satisfied or met as a condition to the grant of an option or to the
exercisability of all or a portion of an option. The Committee shall determine whether an option shall become exercisable in cumulative
or non-cumulative installments and in part or in full at any time. An exercisable option, or portion thereof, may be exercised
only with respect to whole Shares. Prior to the exercise of an option, the holder of such option shall have no rights as a stockholder
of the Company with respect to the Shares subject to such option.

 

(c) Method of Exercise. An option may be exercised (i)
by giving written notice to the Company specifying the number of whole Shares to be purchased and accompanying such notice with
payment therefor in full (or arrangement made for such payment to the Company’s satisfaction) either (A) in cash, (B) by
delivery (either actual delivery or by attestation procedures established by the Company) of Shares having a Fair Market Value,
determined as of the date of exercise, equal to the aggregate purchase price payable by reason of such exercise, (C) authorizing
the Company to withhold whole Shares which would otherwise be delivered having an aggregate Fair Market Value, determined as of
the date of exercise, equal to the amount necessary to satisfy such obligation, (D) in cash by a broker-dealer acceptable to the
Company to whom the optionee has submitted an irrevocable notice of exercise or (E) a combination of (A), (B) and (C), in each
case to the extent set forth in the Agreement relating to the option, (ii) if applicable, by surrendering to the Company any Tandem
SARs which are cancelled by reason of the exercise of the option and (iii) by executing such documents as the Company may reasonably
request. Any fraction of a Share which would be required to pay such purchase price shall be disregarded and the remaining amount
due shall be paid in cash by the optionee. No Shares shall be issued and no certificate representing Shares shall be delivered
until the full purchase price therefor and any withholding taxes thereon, as described in Section 6.5, have been paid (or arrangement
made for such payment to the Company’s satisfaction).

 

    4

     

    

 

2.2 Share Appreciation Rights. The Committee may,
in its discretion, grant SARs to such eligible persons as may be selected by the Committee. The Agreement relating to an SAR shall
specify whether the SAR is a Tandem SAR or a Free-Standing SAR.

 

SARs shall be subject to the following terms and conditions
and shall contain such additional terms and conditions, not inconsistent with the terms of this Plan, as the Committee shall deem
advisable:

 

(a) Number of SARs and Base Price. The number of SARs
subject to an award shall be determined by the Committee. Any Tandem SAR related to an Incentive Stock Option shall be granted
at the same time that such Incentive Stock Option is granted. The base price of a Tandem SAR shall be the purchase price per Share
of the related option. The base price of a Free-Standing SAR shall be determined by the Committee; provided, however,
that such base price shall not be less than 100% of the Fair Market Value of a Share on the date of grant of such SAR.

 

Notwithstanding the foregoing, in the case of an SAR that is
a Substitute Award, the base price per Share of the Shares subject to such SAR may be less than 100% of the Fair Market Value per
Share on the date of grant, provided, that the excess of: (a) the aggregate Fair Market Value (as of the date such Substitute Award
is granted) of the Shares subject to the Substitute Award, over (b) the aggregate base price thereof does not exceed the excess
of: (x) the aggregate fair market value (as of the time immediately preceding the transaction giving rise to the Substitute Award,
such fair market value to be determined by the Committee) of the shares of the predecessor company or other entity that were subject
to the grant assumed or substituted for by the Company, over (y) the aggregate base price of such shares.

 

(b) Exercise Period and Exercisability. The period for
the exercise of an SAR shall be determined by the Committee; provided, however, that no Tandem SAR shall be exercised
later than the expiration, cancellation, forfeiture or other termination of the related option and no Free- Standing SAR shall
be exercised later than ten years after its date of grant. The Committee may, in its discretion, establish Performance Measures
which shall be satisfied or met as a condition to the grant of an SAR or to the exercisability of all or a portion of an SAR. The
Committee shall determine whether an SAR may be exercised in cumulative or non-cumulative installments and in part or in full at
any time. An exercisable SAR, or portion thereof, may be exercised, in the case of a Tandem SAR, only with respect to whole Shares
and, in the case of a Free-Standing SAR, only with respect to a whole number of SARs. If an SAR is exercised for shares of Restricted
Shares, a certificate or certificates representing such Restricted Shares shall be issued in accordance with Section 3.3(c), or
such shares shall be transferred to the holder in book entry form with restrictions on the Shares duly noted, and the holder of
such Restricted Shares shall have such rights of a stockholder of the Company as determined pursuant to Section 3.3(d). Prior to
the exercise of an SAR, the holder of such SAR shall have no rights as a stockholder of the Company with respect to the Shares
subject to such SAR.

 

(c) Method of Exercise. A Tandem SAR may be exercised
(i) by giving written notice to the Company specifying the number of whole SARs which are being exercised, (ii) by surrendering
to the Company any options which are cancelled by reason of the exercise of the Tandem SAR and (iii) by executing such documents
as the Company may reasonably request. A Free-Standing SAR may be exercised (A) by giving written notice to the Company specifying
the whole number of SARs which are being exercised and (B) by executing such documents as the Company may reasonably request. No
Shares shall be issued and no certificate representing Shares shall be delivered until any withholding taxes thereon, as described
in Section 6.5, have been paid (or arrangement made for such payment to the Company’s satisfaction).

 

2.3 Termination of Employment or Service. All
of the terms relating to the exercise, cancellation or other disposition of an option or SAR (i) upon a termination of employment
with or service to the Company of the holder of such option or SAR, as the case may be, whether by reason of disability, retirement,
death or any other reason, or (ii) during a paid or unpaid leave of absence, shall be determined by the Committee and set forth
in the applicable award Agreement.

 

2.4 Repricing of Options and SARs. The Committee
may reduce, in each case, in its sole discretion and without the approval of the stockholders of the Company, the exercise price
of any option awarded under the Plan and the base appreciation amount of any SAR awarded under the Plan and to cancel, in each
case, without stockholder approval, an option or SAR at a time when its exercise price or base appreciation amount (as applicable)
exceeds the Fair Market Value of the underlying Shares, in exchange for another option, SAR, Restricted Shares, or other award
or for cash.

 

	III.	SHARE AWARDS 

 

3.1 Share Awards. The Committee may, in its discretion,
grant Share Awards to such eligible persons as may be selected by the Committee. The Agreement relating to a Share Award shall
specify whether the Share Award is a Bonus Share Award, Restricted Share Award or Restricted Share Unit Award.

 

3.2 Terms of Bonus Share Awards. The number of
Shares subject to a Bonus Share Award shall be determined by the Committee. Bonus Share Awards shall not be subject to any Restriction
Periods or Performance Measures. Upon the grant of a Bonus Share Award, subject to the Company’s right to require payment
of any taxes in accordance with Section 6.5, a certificate or certificates evidencing ownership of the requisite number of Shares
shall be delivered to the holder of such award.

 

3.3 Terms of Restricted Share Awards. Restricted
Share Awards shall be subject to the following terms and conditions and shall contain such additional terms and conditions, not
inconsistent with the terms of this Plan, as the Committee shall deem advisable.

 

(a) Number of Shares and Other Terms. The number of Shares
subject to a Restricted Share Award and the Restriction Period, Performance Period (if any) and Performance Measures (if any) applicable
to a Restricted Share Award shall be determined by the Committee.

 

(b) Vesting and Forfeiture. The
Agreement relating to a Restricted Share Award shall provide, in the manner determined by the Committee, in its discretion, and
subject to the provisions of this Plan, for the vesting of the Shares subject to such award (i) if the holder of such award remains
continuously in the employment or service of the Company during the specified Restriction Period and (ii) if specified Performance
Measures (if any) are satisfied or met during a specified Performance Period, and for the forfeiture of the Shares subject to
such award (x) if the holder of such award does not remain continuously in the employment or service of the Company during the
specified Restriction Period or (y) if specified Performance Measures (if any) are not satisfied or met during a specified Performance
Period.

    5

     

    

 

(c) Share Issuance. During the Restriction Period, the
Restricted Shares shall be held by a custodian in book entry form with restrictions on such Shares duly noted or, alternatively,
a certificate or certificates representing a Restricted Share Award shall be registered in the holder’s name and may bear
a legend, in addition to any legend which may be required pursuant to Section 6.6, indicating that the ownership of the Shares
represented by such certificate is subject to the restrictions, terms and conditions of this Plan and the Agreement relating to
the Restricted Share Award. All such certificates shall be deposited with the Company, together with stock powers or other instruments
of assignment (including a power of attorney), each endorsed in blank with a guarantee of signature if deemed necessary or appropriate,
which would permit transfer to the Company of all or a portion of the Shares subject to the Restricted Share Award in the event
such award is forfeited in whole or in part. Upon termination of any applicable Restriction Period (and the satisfaction or attainment
of applicable Performance Measures), subject to the Company’s right to require payment of any taxes in accordance with Section
6.5, the restrictions shall be removed from the requisite number of any Shares that are held in book entry form, and all certificates
evidencing ownership of the requisite number of Shares shall be delivered to the holder of such award.

 

(d) Rights with Respect to Restricted Share Awards. Unless
otherwise set forth in the Agreement relating to a Restricted Share Award, and subject to the terms and conditions of a Restricted
Share Award, the holder of such award shall have all rights as a stockholder of the Company, including, but not limited to, voting
rights, the right to receive dividends and the right to participate in any capital adjustment applicable to all holders of Shares;
provided, however, that (i) a distribution with respect to Shares, other than a regular cash dividend, and (ii) a
regular cash dividend with respect to Shares that are subject to performance-based vesting conditions, in each case, shall be deposited
with the Company and shall be subject to the same restrictions as the Shares with respect to which such distribution was made.

 

3.4 Terms of Restricted Share Unit Awards. Restricted
Share Unit Awards shall be subject to the following terms and conditions and shall contain such additional terms and conditions,
not inconsistent with the terms of this Plan, as the Committee shall deem advisable.

 

(a) Number of Shares and Other Terms. The number of Shares
subject to a Restricted Share Unit Award and the Restriction Period, Performance Period (if any) and Performance Measures (if any)
applicable to a Restricted Share Unit Award shall be determined by the Committee.

 

(b) Vesting and Forfeiture. The Agreement relating to
a Restricted Share Unit Award shall provide, in the manner determined by the Committee, in its discretion, and subject to the provisions
of this Plan, for the vesting of such Restricted Share Unit Award (i) if the holder of such award remains continuously in the employment
or service of the Company during the specified Restriction Period and (ii) if specified Performance Measures (if any) are satisfied
or met during a specified Performance Period, and for the forfeiture of the Shares subject to such award (x) if the holder of such
award does not remain continuously in the employment or service of the Company during the specified Restriction Period or (y) if
specified Performance Measures (if any) are not satisfied or met during a specified Performance Period.

 

(c) Settlement of Vested Restricted Share Unit Awards.
The Agreement relating to a Restricted Share Unit Award shall specify (i) whether such award may be settled in Shares or cash or
a combination thereof and (ii) whether the holder thereof shall be entitled to receive, on a current or deferred basis, dividend
equivalents, and, if determined by the Committee, interest on, or the deemed reinvestment of, any deferred dividend equivalents,
with respect to the number of Shares subject to such award. Any dividend equivalents with respect to Restricted Share Units that
are subject to performance-based vesting conditions shall be subject to the same restrictions as such Restricted Share Units. Prior
to the settlement of a Restricted Share Unit Award, the holder of such award shall have no rights as a stockholder of the Company
with respect to the Shares subject to such award.

 

3.5 Termination of Employment or Service. All
of the terms relating to the satisfaction of Performance Measures and the termination of the Restriction Period or Performance
Period relating to a Share Award, or any forfeiture and cancellation of such award (i) upon a termination of employment or service
with the Company of the holder of such award, whether by reason of disability, retirement, death or any other reason, or (ii) during
a paid or unpaid leave of absence, shall be determined by the Committee and set forth in the applicable award Agreement.

 

	IV.	PERFORMANCE UNIT AWARDS 

 

4.1 Performance Unit Awards. The Committee may,
in its discretion, grant Performance Unit Awards to such eligible persons as may be selected by the Committee.

 

4.2 Terms of Performance Unit Awards. Performance
Unit Awards shall be subject to the following terms and conditions and shall contain such additional terms and conditions, not
inconsistent with the terms of this Plan, as the Committee shall deem advisable.

 

(a) Number of Performance Units and Performance Measures.
The number of Performance Units subject to a Performance Unit Award and the Performance Measures and Performance Period applicable
to a Performance Unit Award shall be determined by the Committee.

 

(b) Vesting and Forfeiture. The Agreement relating to
a Performance Unit Award shall provide, in the manner determined by the Committee, in its discretion, and subject to the provisions
of this Plan, for the vesting of such Performance Unit Award if the specified Performance Measures are satisfied or met during
the specified Performance Period and for the forfeiture of such award if the specified Performance Measures are not satisfied or
met during the specified Performance Period.

 

(c) Settlement of Vested Performance Unit Awards. The
Agreement relating to a Performance Unit Award shall specify whether such award may be settled in Shares (including shares of Restricted
Shares) or cash or a combination thereof. If a Performance Unit Award is settled in Restricted Shares, such Restricted Shares shall
be issued to the holder in book entry form or a certificate or certificates representing such Restricted Shares shall be issued
in accordance with Section 3.3(c) and the holder of such Restricted Shares shall have such rights as a stockholder of the Company
as determined pursuant to Section 3.3(d). Any dividends or dividend equivalents with respect to a Performance Unit Award shall
be subject to the same restrictions as such Performance Unit Award. Prior to the settlement of a Performance Unit Award in Shares,
including Restricted Shares, the holder of such award shall have no rights as a stockholder of the Company.

 

    6

     

    

 

4.3 Termination of Employment or Service. All
of the terms relating to the satisfaction of Performance Measures and the termination of the Performance Period relating to a Performance
Unit Award, or any forfeiture and cancellation of such award (i) upon a termination of employment or service with the Company of
the holder of such award, whether by reason of disability, retirement, death or any other reason, or (ii) during a paid or unpaid
leave of absence, shall be determined by the Committee and set forth in the applicable award Agreement.

 

	V.	CASH-BASED AWARDS 

 

5.1 Cash-Based Awards. The Committee may, in its
discretion, grant Cash-Based Awards to such eligible persons as may be selected by the Committee.

 

5.2 Terms of Cash-Based Awards. Cash-Based Awards
shall be subject to the terms and conditions, not inconsistent with the terms of this Plan, determined by the Committee and set
forth in the applicable award Agreement.

 

	VI.	GENERAL 

 

6.1 Effective Date and Term of Plan. This Plan
will become effective upon its adoption by the Board, provided that it must be approved by a majority of the outstanding securities
entitled to vote within twelve (12) months before or after the date of such adoption. Unless terminated earlier by the Board, this
Plan shall terminate on the tenth anniversary of the date it is adopted by the Board or approved by the Company’s stockholders,
whichever is earlier. Termination of this Plan shall not affect the terms or conditions of any award granted prior to termination.
Awards hereunder may be made at any time prior to the termination of this Plan, provided that no award may be made later than ten
(10) years after the effective date of this Plan.

 

6.2 Amendments. The Board may amend this Plan
as it shall deem advisable, subject to any requirement of stockholder approval required by applicable law, rule or regulation,
including any rule of the Nasdaq Capital Market or any other stock exchange on which Shares are then traded; provided, however,
that no amendment may materially impair the rights of a holder of an outstanding award without the consent of such holder.

 

6.3 Agreement. Each award under this Plan shall
be evidenced by an Agreement setting forth the terms and conditions applicable to such award. No award shall be valid until an
Agreement is executed by the Company and, to the extent required by the Company, either executed by the recipient or accepted by
the recipient by electronic means approved by the Company within the time period specified by the Company. Upon such execution
or execution and electronic acceptance, and delivery of the Agreement to the Company, such award shall be effective as of the effective
date set forth in the Agreement.

 

6.4 Non-Transferability. No award shall be transferable
other than by will, the laws of descent and distribution or pursuant to beneficiary designation procedures approved by the Company
or, to the extent expressly permitted in the Agreement relating to such award, to the holder’s family members, a trust or
entity established by the holder for estate planning purposes or a charitable organization designated by the holder, in each case,
without consideration. Except to the extent permitted by the foregoing sentence or the Agreement relating to an award, each award
may be exercised or settled during the holder’s lifetime only by the holder or the holder’s legal representative or
similar person. Except as permitted by the second preceding sentence, no award may be sold, transferred, assigned, pledged, hypothecated,
encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar
process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of any award, such award
and all rights thereunder shall immediately become null and void.

 

6.5 Tax Withholding. The Company shall have the
right to require, prior to the issuance or delivery of any Shares or the payment of any cash pursuant to an award made hereunder,
payment by the holder of such award of any federal, state, local or other taxes which may be required to be withheld or paid in
connection with such award. An Agreement may provide that (i) the Company shall withhold whole Shares which would otherwise be
delivered to a holder, having an aggregate Fair Market Value determined as of the date the obligation to withhold or pay taxes
arises in connection with an award (the “Tax Date”), or withhold an amount of cash which would otherwise be
payable to a holder, in the amount necessary to satisfy any such obligation or (ii) the holder may satisfy any such obligation
by any of the following means: (A) a cash payment to the Company, (B) delivery (either actual delivery or by attestation procedures
established by the Company) to the Company of previously owned whole Shares having an aggregate Fair Market Value, determined as
of the Tax Date, equal to the amount necessary to satisfy any such obligation, (C) authorizing the Company to withhold whole Shares
which would otherwise be delivered having an aggregate Fair Market Value, determined as of the Tax Date, or withhold an amount
of cash which would otherwise be payable to a holder, equal to the amount necessary to satisfy any such obligation, (D) in the
case of the exercise of an option and except as may be prohibited by applicable law, a cash payment by a broker-dealer acceptable
to the Company to whom the optionee has submitted an irrevocable notice of exercise or (E) any combination of (A), (B) and (C),
in each case to the extent set forth in the Agreement relating to the award. Shares to be delivered or withheld may not have an
aggregate Fair Market Value in excess of the amount determined by the Committee not to have an adverse accounting impact on the
Company. Any fraction of a Share which would be required to satisfy such an obligation shall be disregarded and the remaining amount
due shall be paid in cash by the holder.

 

6.6 Restrictions on Shares. Each award made hereunder
shall be subject to the requirement that if at any time the Company determines that the listing, registration or qualification
of the Shares subject to such award upon any securities exchange or under any law, or the consent or approval of any governmental
body, or the taking of any other action is necessary or desirable as a condition of, or in connection with, the delivery of shares
thereunder, such shares shall not be delivered unless such listing, registration, qualification, consent, approval or other action
shall have been effected or obtained, free of any conditions not acceptable to the Company. The Company may require that certificates
evidencing Shares delivered pursuant to any award made hereunder bear a legend indicating that the sale, transfer or other disposition
thereof by the holder is prohibited except in compliance with the Securities Act of 1933, as amended, and the rules and regulations
thereunder.

 

6.7 Adjustment. In the event
of any equity restructuring (within the meaning of Financial Accounting Standards Board Accounting Standards Codification Topic
718, Compensation—Stock Compensation) that causes the per Share value of Shares to change, such as a stock dividend, stock
split, spinoff, rights offering or recapitalization through an extraordinary dividend, the number and class of securities available
under this Plan, the terms of each outstanding option and SAR (including the number and class of securities subject to each outstanding
option or SAR and the purchase price or base price per share), the terms of each outstanding Restricted Stock Award and Restricted
Stock Unit Award (including the number and class of securities subject thereto), and the terms of each outstanding Performance
Unit Award shall be appropriately adjusted by the Committee, such adjustments to be made in the case of outstanding options and
SARs without an increase in the aggregate purchase price or base price and in accordance with Section 409A of the Code. In the
event of any other change in corporate capitalization, including a merger, consolidation, reorganization, or partial or complete
liquidation of the Company, such equitable adjustments described in the foregoing sentence may be made as determined to be appropriate
and equitable by the Committee to prevent dilution or enlargement of rights of participants. In either case, the decision of the
Committee regarding any such adjustment shall be final, binding and conclusive.

    7

     

    

 

6.8 Change in Control. 

 

(a) Subject to the terms of the applicable award Agreement,
in the event of a Change in Control, the Board (as constituted prior to such Change in Control) may, in its discretion:

 

 

	 	(i)	provide that (A) some or all outstanding options and SARs shall become exercisable in full or in part, either immediately or upon a subsequent termination of employment or service, (B) the Restriction Period applicable to some or all outstanding Restricted Share Awards and Restricted Share Unit Awards shall lapse in full or in part, either immediately or upon a subsequent termination of employment or service, (C) the Performance Period applicable to some or all outstanding awards shall lapse in full or in part, and (D) the Performance Measures applicable to some or all outstanding awards shall be deemed to be satisfied at the target or any other level; 

 

	 	(ii)	provide that some or all outstanding awards shall terminate without consideration as of the date of such Change in Control; 

 

	 	(iii)	require that shares of the corporation or other entity resulting from such Change in Control, or a parent thereof, be substituted for some or all of the Shares subject to an outstanding award, with an appropriate and equitable adjustment to such award as shall be determined by the Board in accordance with Section 6.7; and/or 

 

	 	(iv)	require outstanding awards, in whole or in part, to be surrendered to the Company by the holder, and to be immediately cancelled by the Company, and to provide for the holder to receive (A) a cash payment in an amount equal to (i) in the case of an option or an SAR, the number of Shares then subject to the portion of such option or SAR surrendered multiplied by the excess, if any, of the Fair Market Value of a Share as of the date of the Change in Control, over the purchase price or base price per Share subject to such option or SAR, (ii) in the case of a Share Award, the number of Shares then subject to the portion of such award surrendered multiplied by the Fair Market Value of a Share as of the date of the Change in Control, and (iii) in the case of a Performance Unit Award, the value of the Performance Units then subject to the portion of such award surrendered; (B) shares of the corporation or other entity resulting from such Change in Control, or a parent thereof, having a fair market value not less than the amount determined under clause (A) above; or (C) a combination of the payment of cash pursuant to clause (A) above and the issuance of shares pursuant to clause (B) above. 

 

(b) A “Change in Control” of the Company
shall be deemed to have occurred upon the occurrence of any of the following events:

 

(i) The acquisition, other than from the Company, by any individual,
entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) of beneficial ownership (within the meaning
of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of either the then outstanding Shares of the Company or the combined
voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors,
but excluding, for this purpose, any such acquisition by the Company or any of its Subsidiaries, or any employee benefit plan (or
related trust) of the Company or its Subsidiaries, or any corporation with respect to which, following such acquisition, more than
50% of, respectively, the then outstanding Shares of such corporation and the combined voting power of the then outstanding voting
securities of such corporation entitled to vote generally in the election of all or substantially all directors is then beneficially
owned, directly or indirectly, by the individuals and entities who were the beneficial owners, respectively, of Shares and voting
securities of the Company immediately prior to such acquisition in substantially the same proportion as their ownership, immediately
prior to such acquisition, of the then outstanding Shares of the Company or the combined voting power of the then outstanding voting
securities of the Company entitled to vote generally in the election of directors, as the case may be;

 

(ii) The consummation of a reorganization, merger or consolidation
of the Company, in each case, with respect to which all or substantially all of the individuals and entities who were the respective
beneficial owners of Shares and voting securities of the Company immediately prior to such reorganization, merger or consolidation
do not, following such reorganization, merger or consolidation, beneficially own, directly or indirectly, more than 50% of, respectively,
the then outstanding Shares and the combined voting power of the then outstanding voting securities entitled to vote generally
in the election of directors, as the case may be, of the corporation resulting from such reorganization, merger or consolidation;

 

(iii) During any twenty-four (24) month period, individuals
who, as of the beginning of such period, constitute the Board (the “Incumbent Directors”) cease for any reason to constitute
at least a majority of the Board, provided that any person becoming a director subsequent to the beginning of such period whose
election or nomination for election was approved by a vote of at least a majority of the Incumbent Directors then on the Board
(either by a specific vote or by approval of the proxy statement of the Company in which such person is named as a nominee for
director, without written objection to such nomination) shall be an Incumbent Director; provided, however, that no individual initially
elected or nominated as a director of the Company as a result of an actual or threatened election contest with respect to directors
or as a result of any other actual or threatened solicitation of proxies by or on behalf of any person other than the Board shall
be deemed to be an Incumbent Director; or

 

(iv) a complete liquidation or dissolution of the Company or
of the sale or other disposition of all or substantially all of the assets of the Company.

 

In no event shall a Change in Control include the Initial Public
Offering or any bona fide primary or secondary public offering following the occurrence of the Initial Public Offering.

 

6.9 Deferrals. The Committee may determine that
the delivery of Shares or the payment of cash, or a combination thereof, upon the exercise or settlement of all or a portion of
any award (other than awards of Incentive Stock Options, Nonqualified Options and SARs) made hereunder shall be deferred, or the
Committee may, in its sole discretion, approve deferral elections made by holders of awards. Deferrals shall be for such periods
and upon such terms as the Committee may determine in its sole discretion, subject to the requirements of Section 409A of the Code.

 

    8

     

    

 

6.10 No Right of Participation, Employment or Service.
Unless otherwise set forth in an employment agreement, no person shall have any right to participate in this Plan. Neither
this Plan nor any award made hereunder shall confer upon any person any right to continued employment by or service with the Company,
any Subsidiary or any affiliate of the Company or affect in any manner the right of the Company, any Subsidiary or any affiliate
of the Company to terminate the employment or service of any person at any time without liability hereunder.

 

6.11 Rights as Stockholder. No person shall have
any right as a stockholder of the Company with respect to any Shares or other equity security of the Company which is subject to
an award hereunder unless and until such person becomes a stockholder of record with respect to such Shares or equity security.

 

6.12 Designation of Beneficiary. A holder of an
award may file with the Committee a written designation of one or more persons as such holder’s beneficiary or beneficiaries
(both primary and contingent) in the event of the holder’s death or incapacity. To the extent an outstanding option or SAR
granted hereunder is exercisable, such beneficiary or beneficiaries shall be entitled to exercise such option or SAR pursuant to
procedures prescribed by the Committee.

 

Each beneficiary designation shall become effective only when
filed in writing with the Committee during the holder’s lifetime on a form prescribed by the Committee. The spouse of a married
holder domiciled in a community property jurisdiction shall join in any designation of a beneficiary other than such spouse. The
filing with the Committee of a new beneficiary designation shall cancel all previously filed beneficiary designations.

 

If a holder fails to designate a beneficiary, or if all designated
beneficiaries of a holder predecease the holder, then each outstanding option and SAR hereunder held by such holder, to the extent
exercisable, may be exercised by such holder’s executor, administrator, legal representative or similar person.

 

6.13 Compliance With Section 409A of the Code. To
the extent applicable, awards will be designed and operated in such a manner that they are either exempt from the application of,
or comply with, the requirements of Section 409A of the Code. The Plan and each award Agreement are intended to meet the requirements
of Section 409A of the Code and will be construed and interpreted in accordance with such intent, except as otherwise determined
in the Committee’s sole discretion. Notwithstanding the foregoing, the Company makes no representation with respect to the
tax compliance of the Plan or any Award Agreement, including compliance with Section 409A of the Code.

 

6.14 Governing Law. This Plan, each award hereunder
and the related Agreement, and all determinations made and actions taken pursuant thereto, to the extent not otherwise governed
by the Code or the laws of the United States, shall be governed by the laws of the State of California and construed in accordance
therewith without giving effect to principles of conflicts of laws.

 

6.15 Non-U.S. Service Providers. Without amending
this Plan, the Committee may grant awards to eligible persons who are foreign nationals on such terms and conditions different
from those specified in this Plan as may in the judgment of the Committee be necessary or desirable to foster and promote achievement
of the purposes of this Plan and, in furtherance of such purposes the Committee may make such modifications, amendments, procedures,
subplans and the like as may be necessary or advisable to comply with provisions of laws in other countries or jurisdictions in
which the Company or its Subsidiaries operates or has employees or service providers.

 

6.16 Awards Subject to Clawback. The awards granted
under this Plan and any cash payment or Shares delivered pursuant to an award are subject to forfeiture, recovery by the Company
or other action pursuant to the applicable Agreement or any clawback or recoupment policy which the Company may adopt from time
to time, including without limitation any such policy which the Company may be required to adopt under the Dodd-Frank Wall Street
Reform and Consumer Protection Act and implementing rules and regulations thereunder, or as otherwise required by law.

 

    9

     

    

 

HYRECAR INC

 

2018 EQUITY INCENTIVE PLAN 

 

STOCK OPTION AGREEMENT 

 

This Stock Option Agreement (this “Agreement”)
is made and entered into as of the date set forth on the signature page hereto by and between Hyrecar Inc, a Delaware corporation
(the “Company”), and the undersigned participant (“Participant”). Unless otherwise
defined herein, capitalized terms used herein shall have the same defined meanings as set forth in the Hyrecar Inc. 2018 Equity
Incentive Plan attached hereto as Exhibit A (the “Plan”).

 

	I.	NOTICE OF STOCK OPTION GRANT 

 

Participant has been granted an option to purchase Common Stock,
subject to the terms and conditions of the Plan and this Agreement, as follows:

 

Participant:

Address:

 

	 	 	 	 	 	 	 
	Grant Number:	 	 	 	 	 	 
	Grant Date:	 	 	 	 	 	 
	Vesting Commencement Date:	 	 	 	 	 	 
	Exercise Price per Share:	 	 	 	 	 	 
	Number of Shares Subject to Option: 	 	 	 	 	 	 
	Total Exercise Price:	 	 	 	 	 	 
	Type of Option:	 	ISO	 	NSO	 	Term/Expiration
	Date:	 	 	 	 	 	, or earlier as provided
	 	 	in the Plan or this Agreement	 	 

 

Vesting Schedule; Accelerated Vesting: 

 

This Option shall become vested and exercisable, in whole or
in part, according to the following vesting schedule:   

 

Termination Period: 

 

This Option shall be exercisable for three months after Participant
ceases to be a service provider, unless such termination is due to Participant’s death or disability, in which case this
Option shall be exercisable for 12 months after Participant ceases to be a service provider. Notwithstanding the foregoing sentence,
in no event may this Option be exercised after the Term/Expiration Date as provided above, and this Option may be subject to earlier
termination as provided in the Plan.

 

	II.	AGREEMENT 

 

1. Grant of Option. In consideration of the services
to be rendered by Participant to the Company or any Affiliate and subject to the terms and conditions of the Plan and this Agreement,
the Administrator hereby grants to Participant an option (this “Option”) to purchase the number of Shares
set forth in the Notice of Stock Option Grant in Part I of this Agreement, at the Exercise Price per Share set forth in the Notice
of Stock Option Grant in Part I of this Agreement (the “Exercise Price”).

 

If designated as an ISO in the Notice of Stock Option Grant
in Part I of this Agreement, this Option is intended to qualify as an Incentive Stock Option; provided, however,
that, to the extent that the aggregate Fair Market Value (determined at the time of grant) of the Shares with respect to which
Incentive Stock Options are exercisable for the first time by Participant during any calendar year (under all plans of the Company
and any Affiliate) exceeds $100,000, such Options or portions thereof that exceed such limit (according to the order in which they
were granted) shall be treated as Nonstatutory Stock Options. Further, if for any reason this Option (or portion thereof) shall
not qualify as an Incentive Stock Option, then, to the extent of such nonqualification, this Option (or portion thereof) shall
be regarded as a Nonstatutory Stock Option. In no event shall the Administrator, the Company or any Affiliate, or any of their
respective employees or directors, have any liability to Participant (or any other Person) due to the failure of this Option (or
portion thereof) to qualify for any reason as an Incentive Stock Option.

 

2. Exercise of Option.

 

(a) Right to Exercise. This Option shall be exercisable
during its term in accordance with (i) the Vesting Schedule set out in the Notice of Stock Option Grant in Part I of this Agreement
and (ii) the applicable provisions of the Plan and this Agreement. This Option may not be exercised for a fraction of a Share.

 

(b) Method of Exercise.
This Option shall be exercisable by delivery of an option exercise notice in the form attached hereto as Exhibit B (the
“Option Exercise Notice”) or in a manner and pursuant to such procedures as the Administrator may determine,
which shall state the election to exercise this Option, the whole number of Shares with respect to which this Option is being
exercised, and such other representations and agreements as may be required by the Company. If someone other than Participant
exercises this Option, as permitted by the Plan, then such Person must submit documentation reasonably acceptable to the Company
verifying that such Person has the legal right to exercise this Option. The Option Exercise Notice shall be accompanied by payment
of the aggregate Exercise Price as to all exercised Shares, together with any applicable tax withholding. This Option shall be
deemed to be exercised upon receipt by the Company of such fully executed Option Exercise Notice accompanied by the aggregate
Exercise Price, together with any applicable tax withholding.

    10

     

    

 

3. Participant’s Representations. If the
Common Stock has not been registered under the Securities Act at the time this Option is exercised, Participant shall concurrently
with the exercise of all or any portion of this Option, if required by the Company, deliver to the Company Participant’s
Investment Representation Statement in the form attached hereto as Exhibit C.

 

4. Lock-Up Period. Participant will not, during
the period commencing on the date of the final prospectus relating to the registration by the Company for its own behalf of shares
of its Common Stock or any other equity securities under the Securities Act on a Form S-1 (excluding a registration relating solely
to employee benefit plans on Form S-1) or Form S-3 and ending on the date specified by the Company and the underwriter(s) (such
period not to exceed 180 days in the case of the Company’s IPO or 90 days in the case of any registration other than the
Company’s IPO, or such other period as may be requested by the Company or the underwriters to accommodate regulatory restrictions
on (i) the publication or other distribution of research reports and (ii) analyst recommendations and opinions, including the restrictions
contained in NASD Rule 2711(f)(4) or NYSE Rule 472(f)(4) (or any successor provisions or amendments thereto), as applicable), (A)
sell, dispose of, make any short sale of, offer, hypothecate, pledge, contract to sell, grant any option or contract to purchase,
purchase any option or contract to sell, grant any right or warrant to purchase, lend or otherwise transfer or encumber, directly
or indirectly, any Shares or other securities convertible into or exercisable or exchangeable (directly or indirectly) for shares
of Common Stock (whether such Shares or other securities are then held by Participant or thereafter acquired) (such Shares and
other securities, the “Lock-Up Shares”) or (B) enter into any swap, hedging or other arrangement that
transfers to another, in whole or in part, any of the economic consequences of ownership of any Lock-Up Shares. The foregoing provisions
of this Section II.4 shall not prevent the exercise of any repurchase option in favor of the Company or apply to the sale of any
Lock-Up Shares to an underwriter pursuant to an underwriting agreement or to the Transfer (as defined in Section II.7) of any Lock-Up
Shares by Participant to any trust for the direct or indirect benefit of Participant or an Immediate Family Member (as defined
in the Option Exercise Notice) of Participant (provided that the trustee of the trust agrees, in writing, to be bound by
the restrictions set forth herein and provided further that any such Transfer (as defined in Section II.7) does not involve
a disposition for value). Participant shall execute such documents as may be reasonably requested by the Company or the underwriters
in connection with any registered offering described in this Section II.4 and that are consistent with this Section II.4 or necessary
to give further effect thereto.

 

5. Method of Payment. To the extent permitted
by Applicable Laws, payment of the aggregate Exercise Price as to all exercised Shares shall be by any of the following methods,
or a combination thereof, at Participant’s election:

 

(a) cash;

 

(b) check;

 

(c) surrender of other Shares which (i) shall be valued at their
Fair Market Value on the date of exercise and (ii) must be owned by Participant free and clear of any liens, claims, encumbrances
or security interests, if accepting such Shares, in the Administrator’s sole discretion, will not result in any adverse accounting
consequences to the Company; or

 

(d) consideration received by the Company under a cashless exercise
program (whether through a broker or otherwise) implemented by the Company in connection with the Plan.

 

Any fraction of a Share which would be required to pay such
aggregate Exercise Price shall be disregarded, and the remaining amount due shall be paid in cash by Participant.

 

6. Restrictions on Exercise. This Option may not
be exercised unless the issuance of Shares upon such exercise, or the method of payment of consideration for such Shares, complies
with Applicable Laws. Assuming such compliance, Shares shall be considered transferred to Participant, for income tax purposes,
on the date on which this Option is exercised with respect to such Shares.

 

7. Non-Transferability of Option. This Option
(or, prior to exercise, the Shares subject to this Option) may not be sold, pledged, assigned, hypothecated or otherwise transferred
in any manner, including by entering into any short position, any “put equivalent position” or any “call
equivalent position” (as defined in Rule 16a-1(h) and Rule 16a-1(b), respectively, of the Exchange Act), whether
by operation of law or otherwise (“Transfer”), other than by will or by the laws of descent and distribution,
and may be exercised, during the lifetime of Participant, only by Participant. The terms of the Plan and this Agreement shall be
binding upon the executors, administrators, heirs, successors and assigns of Participant.

 

8. Term of Option. This Option may be exercised
only (i) within the term set out in the Notice of Stock Option Grant in Part I of this Agreement and (ii) in accordance with the
terms and conditions of the Plan and this Agreement.

 

9. Tax Obligations.

 

(a) Tax Withholding. Participant agrees to make
appropriate arrangements satisfactory to the Company to pay or provide for the satisfaction of all federal, state, local, foreign
and other taxes (including Participant’s FICA obligation) required to be withheld with respect to the exercise of this Option.
Participant acknowledges and agrees that the Company may refuse to honor the exercise of this Option, and refuse to deliver the
Shares, if such withholding amounts are not delivered by Participant at the time of exercise.

 

(b) Notice of Disqualifying Disposition of ISO Shares.
If this Option is an Incentive Stock Option, and if Participant makes a “disposition” (as defined in Section 424 of
the Code) of all or any portion of the Shares acquired upon exercise of this Option within two years from the Grant Date set out
in the Notice of Stock Option Grant in Part I of this Agreement or within one year after issuance of the Shares acquired upon exercise
of this Option, then Participant shall immediately notify the Company in writing as to the occurrence of, and the price realized
upon, such disposition. Participant agrees that Participant may be subject to income tax withholding by the Company on the compensation
income recognized by Participant.

 

    11

     

    

 

(c) Section 409A of the Code. Under Section 409A
of the Code, an Option that was granted with a per Share exercise price that is determined by the U.S. Internal Revenue Service
(the “IRS”) to be less than the Fair Market Value of a Share on the date of grant (a “discount
option”) may be considered “deferred compensation.” An Option that is a “discount
option” may result in (i) income recognition by Participant prior to the exercise of this Option, (ii) an additional
20% federal income tax, (iii) potential penalty and interest charges, and (iv) additional state income, penalty and interest tax
to Participant (collectively, “409A Penalties”). Participant acknowledges that the Company cannot guarantee,
and has not guaranteed, that the IRS will agree, in a later examination, that the per Share exercise price of this Option equals
or exceeds the Fair Market Value of a Share on the date of grant. Participant agrees that, if the IRS determines that this Option
is a “discount option,” Participant shall be solely responsible for Participant’s costs related
to such a determination, including any 409A Penalties.

 

10. General Provisions.

 

(a) Power and Authority. Participant hereby represents
to the Company that

 

(i) Participant has full power and authority and legal capacity
to enter into, execute and deliver this Agreement and to perform fully Participant’s obligations hereunder, (ii) the execution,
delivery and performance of this Agreement by Participant does not conflict with, constitute a breach of or violate any arrangement,
understanding or agreement to which Participant is a party or by which Participant is bound, and (iii) this Agreement has been
duly and validly executed and delivered by Participant and constitutes the legal, valid and binding obligation of Participant,
enforceable against Participant in accordance with its terms.

 

(b) Survival. The representations, warranties,
covenants and agreements made in or pursuant to this Agreement shall survive the execution and delivery hereof and shall not be
affected by any investigation made by or on behalf of any party hereto.

 

(c) Governing Law. This Agreement shall be governed
by and construed in accordance with the laws of the State of California without regard to conflict-of-law principles.

 

(d) Entire Agreement. This Agreement, together
with the attached Exhibits, sets forth the entire agreement and understanding between the parties hereto relating to the subject
matter hereof and supersedes all prior and contemporaneous understandings, agreements, discussions, representations and warranties,
both written and oral, between the parties hereto, including any representations made during any interviews or relocation negotiations,
with respect to such subject matter. In the event of a conflict between the terms and conditions of the Plan and this Agreement,
the terms and conditions of the Plan shall prevail.

 

(e) Notices. All notices or other communications
required or permitted hereunder shall be in writing and shall be deemed given or delivered (i) when delivered personally, (ii)
one business day after being deposited with an overnight courier service (costs prepaid), (iii) when sent by facsimile or e-mail
if sent during normal business hours and on the next business day if sent after normal business hours, in each case with confirmation
of transmission by the transmitting equipment, or (iv) when received or rejected by the addressee, if sent by certified mail, return
receipt requested, postage prepaid, in each case to the addresses, facsimile numbers or e-mail addresses and marked to the attention
of the persons designated (by name or title) on the signature page hereto, as applicable, or to such other address, facsimile number,
e-mail address or person as such party may designate by a notice delivered to the other party hereto.

 

(f) Successors and Assigns; Transfers. The
Company may assign this Agreement, and its rights and obligations hereunder, in whole or in part, to any successor or assign (whether
direct or indirect, by purchase, merger, consolidation, sale of assets or stock or otherwise). Except as set forth herein, (x)
neither this Agreement nor any rights, duties and obligations hereunder shall be assigned, transferred, delegated or sublicensed
by Participant without the Company’s prior written consent and (y) any attempt by Participant to assign, transfer, delegate
or sublicense this Agreement or any rights, duties or obligations hereunder, without the Company’s prior written consent,
shall be void. Subject to any restrictions on transfer set forth herein, this Agreement shall be binding upon, and enforceable
against, (i) the Company and its successors and assigns and (ii) Participant and his or her heirs, executors, successors, assigns,
administrators and other legal representatives. Except as set forth herein, any transfer in violation of any restriction upon transfer
contained in any provision hereof shall be void, unless such restriction is waived in accordance with the terms hereof.

 

(g) Modification and Waiver. This Agreement may
not be amended, modified or supplemented except by a written instrument signed by an authorized representative of each party hereto.
Any term or provision hereof may be waived, or the time for its performance may be extended, by the party or parties entitled to
the benefit thereof. Any such waiver or extension shall be validly and sufficiently authorized for the purposes hereof if, as to
any party, it is authorized in writing by an authorized representative of such party. The failure or delay of any party to enforce
at any time any provision hereof shall not be construed to be a waiver of such provision, nor in any way to affect the validity
of this Agreement or any part hereof or the right of any party thereafter to enforce each and every such provision. No waiver of
any breach hereof shall be held to constitute a waiver of any other or subsequent breach.

 

(h) Further Assurances. Participant shall execute
and deliver such additional documents, instruments, conveyances and assurances and take such further actions as may reasonably
be necessary or desirable in the view of the Company to carry out the purposes or intent hereof, including the applicable Exhibits
attached hereto.

 

(i) Severability. Should any provision
contained herein be held as invalid, illegal or unenforceable, such holding shall not affect the validity of the remainder of this
Agreement, the balance of which shall continue to be binding upon the parties with any such modification to become a part hereof
and treated as though originally set forth herein.

 

    12

     

    

 

(j) Interpretation. For purposes of this Agreement,
(i) the words “include,” “includes” and “including” shall be deemed to be followed by the words
“without limitation,” (ii) the word “or” is not exclusive, (iii) the words “herein,” “hereof,”
“hereby,” “hereto,” “hereunder” and words of similar import refer to this Agreement as a whole,
and (iv) with respect to the determination of any period of time, “from” means “from and including” and
“to” means “to but excluding.” Unless the context otherwise requires, references herein: (A) to a Section
or an Exhibit mean a Section or an Exhibit of, or attached to, this Agreement; (B) to agreements, instruments and other documents
shall be deemed to include all subsequent amendments, supplements and other modifications thereto; (C) to statutes or regulations
are to be construed as including all statutory and regulatory provisions consolidating, amending or replacing the statute or regulation
referred to; (D) to any Person includes such Person’s successors and assigns, but, if applicable, only if such successors
and assigns are not prohibited by this Agreement; and (E) to any gender includes each other gender. The Exhibits attached hereto
shall be construed with, and as an integral part of, this Agreement to the same extent as if they were set forth verbatim herein.
The titles, captions and headings herein are for convenience of reference only and shall not affect the meaning or interpretation
hereof. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against
the party drafting an instrument or causing any instrument to be drafted.

 

(k) Counterparts. This Agreement may be executed
in counterparts, each of which shall be considered an original, but all of which, when taken together, shall be considered one
and the same agreement, and shall become binding when one or more counterparts have been signed by each party hereto and delivered
to the other party hereto. Delivery of an executed counterpart of a signature page to this Agreement shall be as effective as delivery
of a manually executed counterpart of this Agreement. The exchange of copies of this Agreement and of signature pages hereto by
facsimile transmission or e-mail shall constitute effective execution and delivery of this Agreement and may be used in lieu of
the original Agreement for all purposes. Signatures transmitted by facsimile or e-mail shall be deemed to be original signatures
for all purposes.

 

(l) Service Relationship At Will. Participant
acknowledges and agrees that the vesting of this Option pursuant hereto is earned only by his or her continuing service as a service
provider at will (and not through the act of being hired, being granted this Option or acquiring Shares hereunder). Participant
further acknowledges and agrees that this Agreement, the transactions contemplated hereby and the vesting schedule set forth herein
do not constitute an express or implied promise of continued engagement as a service provider for the vesting period, or for any
period at all, and shall not interfere with the right of either the Company or Participant to terminate Participant’s relationship
as a service provider at any time, with or without cause or notice.

 

(m) Third Party Beneficiary Rights. No provisions
hereof are intended, nor shall be interpreted, to provide or create any third party beneficiary rights or any other rights of any
kind in any client, customer, affiliate, stockholder, partner or employee of any party hereto or any other Person, unless specifically
provided otherwise herein; provided, however, that Section II.4 is intended to benefit the underwriters for any registered
offering described in Section II.4, and such underwriters shall have the right, power and authority to enforce the provisions of
Section II.4 as though they were parties hereto.

 

(n) Adjustments. In the event of any dividend
or other distribution (whether in the form of cash, Shares, other securities or other property), recapitalization, reincorporation,
stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, reclassification, repurchase
or exchange of Shares or other securities of the Company, or other change in the corporate structure of the Company affecting the
Shares, the Administrator will appropriately adjust the number, class and price of Shares subject to this Option, with such adjustment
to be made in accordance with Section 409A of the Code.

 

(o) No Impact on Other Benefits. The value
of this Option is not part of Participant’s normal or expected compensation for purposes of calculating any severance, retirement,
welfare, insurance or similar employee benefit.

 

(p) Acceptance. Participant acknowledges
receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions thereof and hereby accepts
this Option subject to all of the terms and provisions of the Plan and this Agreement (including all Exhibits attached hereto).
Participant has reviewed, and fully understands all provisions of, the Plan and this Agreement in their entirety (including all
Exhibits attached hereto) and has had an opportunity to obtain the advice of his or her own legal counsel, tax advisors and other
advisors prior to executing this Agreement. Any questions or disputes regarding the interpretation of the Plan or this Agreement
(including all Exhibits attached hereto), or arising hereunder or thereunder, shall be submitted by the Company or Participant
to the Administrator, and Participant hereby agrees to accept as final, binding and conclusive all decisions, determinations and
interpretations of the Administrator upon any such questions or disputes.

 

(q) Equitable Relief. In the event of a
breach or threatened breach by Participant of any provision hereof, Participant hereby consents and agrees that the Company may
seek, in addition to other available remedies, injunctive or other equitable relief from any court of competent jurisdiction, without
the necessity of showing any actual damages or that money damages would not afford an adequate remedy, and without the necessity
of posting any bond or other security. Participant understands that any breach or threatened breach of this Agreement will cause
irreparable injury and that money damages will not provide an adequate remedy therefor, and Participant hereby consents to the
issuance of an injunction or other equitable relief. The aforementioned equitable relief shall be in addition to, and not in lieu
of, legal remedies, monetary damages or other available forms of relief.

 

(signature page follows) 

 

    13

     

    

 

IN WITNESS WHEREOF, the undersigned have
executed this Stock Option Agreement as of ________, 20__ .

 

COMPANY 

 

Hyrecar Inc

 

By:  

Name:

Title: Chief Executive Officer

Notice Address: 355 South Grand Avenue, Suite 1650

Los Angeles, California 90071

 

Facsimile:

E-mail:

Attention:

 

PARTICIPANT 

 

Notice
Address:

 

Facsimile:

E-mail:

Attention:

 

Exhibits: 

 

A – 2018 Equity Incentive Plan

B – Option Exercise Notice

 

[Signature Page to Stock Option Agreement]

 

    14

     

    

 

EXHIBIT A 

 

HYRECAR INC

 

2018 EQUITY INCENTIVE PLAN 

 

    15

     

    

 

EXHIBIT B 

 

OPTION EXERCISE NOTICE 

 

Hyrecar Inc.

355 South Grand Avenue, Suite 1650

Los Angeles, California 90071

Attention: Secretary

 

1. Exercise of Option. Effective as
of today,  , the undersigned (“Participant”) hereby elects to exercise Participant’s
option (the “Option”) to purchase shares (the “Exercised Shares”) of the common
stock of Hyrecar Inc, a Delaware corporation (the “Company”), under and pursuant to the Company’s
2018 Equity Incentive Plan (the “Plan”) and that certain Stock Option Agreement made and entered into
as of ________, 20__ by and between the Company and Participant (the “Option Agreement”).

 

2. Delivery of Payment. Participant herewith delivers
to the Company the full exercise price of the Exercised Shares, as set forth in the Option Agreement, and any and all withholding
taxes due in connection with the exercise of the Option.

 

3. Representations of Participant. Participant
acknowledges that Participant has received, read and understood the Plan and the Option Agreement and agrees to abide, and be bound,
by their terms and conditions.

 

4. Rights as Stockholder. Until the issuance of
the Exercised Shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent
of the Company), no right to vote or receive dividends or other distributions or any other rights as a stockholder shall exist
with respect to the Exercised Shares, notwithstanding the exercise of the Option. The Exercised Shares shall be issued to Participant
as soon as practicable after the Option is exercised in accordance with the Option Agreement. No adjustment shall be made for a
dividend or distribution or other right for which the record date is prior to the date of issuance, except as provided in Section
13 of the Plan.

 

5. Tax Consultation. Participant understands that
Participant may suffer adverse tax consequences as a result of Participant’s purchase or disposition of the Exercised Shares.
Participant represents that Participant has consulted with any tax consultants Participant deems advisable in connection with the
purchase or disposition of the Exercised Shares and that Participant is not relying on the Company for any tax advice.

 

6. Restrictive Legends and Stop-Transfer Orders.

 

(a) Legends. Participant understands and agrees
that the Company shall cause the legends set forth below, or substantially equivalent legends, to be placed upon any certificate(s)
evidencing ownership of the Exercised Shares, together with any other legends that may be required by the Company or by applicable
federal or state securities laws:

 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED
FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF AND HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS. THEY MAY NOT BE OFFERED, SOLD OR
OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT OR AN EXEMPTION THEREFROM. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL
SATISFACTORY TO THE ISSUER THAT SUCH OFFER, SALE, TRANSFER, PLEDGE OR HYPOTHECATION OTHERWISE COMPLIES WITH THE ACT AND ANY APPLICABLE
STATE SECURITIES LAWS.

 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
CERTAIN RESTRICTIONS ON TRANSFER, A RIGHT OF FIRST REFUSAL AND A LOCK-UP PERIOD IN THE EVENT OF A PUBLIC OFFERING AS SET FORTH
IN AGREEMENTS BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SECURITIES, COPIES OF WHICH MAY BE OBTAINED AT THE PRINCIPAL
OFFICE OF THE ISSUER. SUCH RESTRICTIONS ON TRANSFER, RIGHT OF FIRST REFUSAL AND LOCK-UP PERIOD ARE BINDING ON TRANSFEREES OF THESE
SECURITIES.

 

(b) Stop-Transfer Notices. In order to ensure
compliance with the restrictions referred to herein and in the Option Agreement, including the provisions of Section II.4 of the
Option Agreement, the Company may issue appropriate stop-transfer instructions to its transfer agent, if any, and, if the Company
transfers its own securities, it may make appropriate notations to the same effect in its own records.

 

(c) Refusal to Transfer. The Company shall not
be required to transfer on its books any Exercised Shares that have been Transferred in violation of any provision hereof or to
treat as owner of such Exercised Shares, or otherwise to accord voting or dividend rights to, any purchaser or other transferee
to whom such Exercised Shares shall have been so Transferred. Any attempt to Transfer Exercised Shares in violation hereof shall
be null and void and shall be disregarded by the Company.

 

7. Consent to Notices by Electronic Transmission.
Upon becoming a stockholder of the Company and without limiting the manner by which notice otherwise may be given effectively to
Participant, Participant hereby consents in accordance with Section 232 of the Delaware General Corporation Law to stockholder
notices given by the Company to Participant by any of the following forms of electronic transmission: (i) by facsimile telecommunications
to the facsimile number set forth on the signature page to the Option Agreement or to such other facsimile number as Participant
may designate by a written notice delivered to the Company; (ii) by electronic mail to the e-mail address set forth on the signature
page to the Option Agreement or to such other e-mail address as Participant may designate by a written notice delivered to the
Company; (iii) by a posting on an electronic network together with separate notice to Participant of such specific posting; and
(iv) by any other form of electronic transmission when directed to Participant.

 

    16

     

    

 

8. Capitalized Terms. Unless otherwise defined
herein, capitalized terms used herein shall have the same defined meanings as set forth in the Plan or, if not defined therein,
in the Option Agreement.

 

9. Governing Law; Severability. This Option Exercise
Notice shall be governed by and construed in accordance with the laws of the State of California without regard to conflict-of-law
principles. Should any provision contained herein be held as invalid, illegal or unenforceable, such holding shall not affect the
validity of the remainder of this Option Exercise Notice, the balance of which shall continue to be binding upon the parties with
any such modification to become a part hereof and treated as though originally set forth herein.

 

	 	 	 
	Submitted by:	 	Accepted by:
	 	 	 
	PARTICIPANT	 	COMPANY
	 	 	 
	                  	 	 
	Signature	 	By:	              
	 	 	Name:	 
	 	 	Title:	Chief Executive Officer
	 	 	 
	 	 	Date Received:

 

    17

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