Document:

exv10w28

Exhibit 10.28

FORM OF INDEMNIFICATION AGREEMENT

          This Indemnification Agreement, dated as of [•] (this “Agreement”), is entered into by
and between EverBank Financial Corp, a Delaware corporation (the “Company”), and [•] (the
“Indemnitee”).

          WHEREAS, it is essential to the Company to retain and attract as directors and officers the
most capable persons available;

          WHEREAS, the Indemnitee is a director and/or officer of the Company;

          WHEREAS, the Company and the Indemnitee recognize the increased risk of litigation and other
claims being asserted against directors and officers of public companies;

          WHEREAS, the Certificate of Incorporation of the Company requires the Company to indemnify and
advance expenses to its directors and officers to the fullest extent permitted by law and the
Indemnitee has been serving and continues to serve as a director or officer of the Company in part
in reliance on such provisions in the Certificate of Incorporation;

          WHEREAS, the board of directors of the Company (“Board of Directors”) has determined
that enhancing the ability of the Company to retain and attract as directors and officers the most
capable persons is in the best interests of the Company and that the Company therefore should seek
to assure such persons that indemnification and insurance coverage will be available in the future;
and

          WHEREAS, in recognition of the Indemnitee’s need for substantial protection against personal
liability in order to enhance the Indemnitee’s continued service to the Company in an effective
manner and the Indemnitee’s reliance on the aforesaid Certificate of Incorporation, and in part to
provide Indemnitee with specific contractual assurance that the protection promised by the
Certificate of Incorporation will be available to the Indemnitee (regardless of, among other
things, any amendment to or revocation of such Certificate of Incorporation or any change in the
composition of the Company’s Board of Directors or acquisition transaction relating to the
Company), the Company wishes to provide in this Agreement for the indemnification of and the
advancing of expenses to the Indemnitee to the fullest extent (whether partial or complete)
permitted by law and as set forth in this Agreement, and, to the extent insurance is maintained,
for the continued coverage of the Indemnitee under the Company’s directors’ and officers’ liability
insurance policies;

          NOW, THEREFORE, in consideration of the premises and of the Indemnitee continuing to serve the
Company directly or, at its request, as an officer, director, manager, member, partner, tax matters
partner, fiduciary or trustee of, or in any other capacity with, another Person (as defined below)
or any employee benefit plan, and intending to be legally bound hereby, the parties hereto agree as
follows:

 

 

          1. Certain Definitions: In addition to terms defined elsewhere herein, the following
terms have the following meanings when used in this Agreement:

     “Change in Control” shall be deemed to have occurred if (i) any “person” (as such term
is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than
a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a
corporation owned directly or indirectly by the stockholders of the Company in substantially the
same proportions as their ownership of stock of the Company, is or becomes the “beneficial owner”
(as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company
representing 20% or more of the total voting power represented by the Company’s then outstanding
Voting Securities, or (ii) during any period of two consecutive years, individuals who at the
beginning of such period constitute the Board of Directors of the Company and any new director
whose election by the Board of Directors or nomination for election by the Company’s stockholders
was approved by a vote of at least two-thirds (2/3) of the directors then still in office who
either were directors at the beginning of the period or whose election or nomination for election
was previously so approved, cease for any reason to constitute a majority thereof, or (iii) the
stockholders of the Company approve a merger or consolidation of the Company with any other
corporation, other than a merger or consolidation which would result in the Voting Securities of
the Company outstanding immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into Voting Securities of the surviving entity) at least 80% of
the total voting power represented by the Voting Securities of the Company or such surviving entity
outstanding immediately after such merger or consolidation, or the stockholders of the Company
approve a plan of complete liquidation of the Company or an agreement for the sale or disposition
by the Company of (in one transaction or a series of transactions) all or substantially all of the
Company’s assets.

     “Claim” means any threatened, asserted, pending or completed action, suit or
proceeding, whether civil, criminal, administrative, investigative or other, including any
arbitration or other alternative dispute resolution mechanism, or any appeal of any kind thereof,
or any inquiry or investigation, whether instituted by (or in the right of) the Company or any
governmental agency or any other person or entity, in which the Indemnitee was, is, may be or will
be involved as a party, witness or otherwise.

     “Expenses” include attorneys’ fees and all other direct or indirect costs, expenses
and obligations, including judgments, fines, penalties, interest, appeal bonds, amounts paid in
settlement with the approval of the Company, and counsel fees and disbursements (including, without
limitation, experts’ fees, court costs, retainers, appeal bond premiums, transcript fees,
duplicating, printing and binding costs, as well as telecommunications, postage and courier
charges) paid or incurred in connection with investigating, prosecuting, defending, settling,
arbitrating, being a witness in or participating in (including on appeal), or preparing to
investigate, prosecute, defend, settle, arbitrate, be a witness in or participate in, any Claim
relating to any Indemnifiable Event, and shall include (without limitation) all attorneys’ fees and
all other expenses incurred by or on behalf of an Indemnitee in connection with preparing and
submitting any requests or statements for indemnification, advancement or any other right provided
by this

2

 

Agreement (including, without limitation, such fees or expenses incurred in connection with legal
proceedings contemplated by Section 2(d) hereof).

     “Indemnifiable Amounts” means (i) any and all liabilities, Expenses, damages,
judgments, fines, penalties, ERISA excise taxes and amounts paid in settlement (including all
interest, assessments and other charges paid or payable in connection with or in respect of such
liabilities, Expenses, damages, judgments, fines, penalties, ERISA excise taxes or amounts paid in
settlement) arising out of or resulting from any Claim relating to an Indemnifiable Event, (ii) any
liability pursuant to a loan guaranty or otherwise, for any indebtedness of the Company or any
subsidiary of the Company, including, without limitation, any indebtedness which the Company or any
subsidiary of the Company has assumed or taken subject to, and (iii) any liabilities which an
Indemnitee incurs as a result of acting on behalf of the Company (whether as a fiduciary or
otherwise) in connection with the operation, administration or maintenance of an employee benefit
plan or any related trust or funding mechanism (whether such liabilities are in the form of excise
taxes assessed by the United States Internal Revenue Service, penalties assessed by the Department
of Labor, restitutions to such a plan or trust or other funding mechanism or to a participant or
beneficiary of such plan, trust or other funding mechanism, or otherwise).

     “Indemnifiable Event” means any event or occurrence, whether occurring before, on or
after the date of this Agreement, related to the fact that the Indemnitee is or was (or has agreed
to serve as) a director, officer, employee, agent or fiduciary of the Company, or is or was serving
(or has agreed to serve as) at the request of the Company as a director, officer, employee, trustee
or agent (which, for purposes hereof, shall include a fiduciary, partner or manager or similar
capacity) of another corporation, partnership, joint venture, employee benefit plan, trust or other
enterprise, or by reason of anything done or not done by the Indemnitee in any such capacity (in
all cases whether or not the Indemnitee is acting or serving in any such capacity or has such
status at the time any Indemnifiable Amount is incurred for which indemnification, advancement or
any other right can be provided by this Agreement).

     “Indemnitee-Related Entities” means any company, corporation, limited liability
company, partnership, joint venture, trust, employee benefit plan or other entity or enterprise
(other than the Company or any other company, corporation, limited liability company, partnership,
joint venture, trust, employee benefit plan or other entity or enterprise Indemnitee has agreed, on
behalf of the Company or at the Company’s request, to serve as a director, officer, employee or
agent and which service is covered by the indemnity described in this Agreement) from whom an
Indemnitee may be entitled to indemnification or advancement of Expenses with respect to which, in
whole or in part, the Company may also have an indemnification or advancement obligation.

     “Independent Legal Counsel” means an attorney or firm of attorneys (following a Change
in Control, selected in accordance with the provisions of Section 3 hereof), who is experienced in
the matters of corporate law and who shall not have otherwise performed services for the Company or
the Indemnitee within the last five years (other than with respect to matters concerning the rights
of the Indemnitee under this Agreement, or of

3

 

other indemnitees under similar indemnity agreements).

     “Jointly Indemnifiable Claim” means any Claim for which the Indemnitee may be entitled
to indemnification from both an Indemnitee-Related Entity and the Company pursuant to applicable
law, any indemnification agreement or the certificate of incorporation, by-laws, partnership
agreement, operating agreement, certificate of formation, certificate of limited partnership or
comparable organizational documents of the Company and an Indemnitee-Related Entity.

     “Person” means any individual, corporation, firm, partnership, joint venture, limited
liability company, estate, trust, business association, organization, governmental entity or other
entity.

     “Reviewing Party” means any appropriate person or body consisting of a member or
members of the Company’s Board of Directors or any other person or body appointed by the Board of
Directors who is not a party to the particular Claim for which the Indemnitee is seeking
indemnification, or Independent Legal Counsel.

     “Voting Securities” means any securities of the Company which vote generally in the
election of directors.

          2. Basic Indemnification Arrangement; Advancement of Expenses.

	 	(a)	 	In the event that the Indemnitee was, is or becomes subject
to, a party to or witness or other participant in, or is threatened to be made
subject to, a party to or witness or other participant in, a Claim by reason
of (or arising in part out of) an Indemnifiable Event, the Company shall
indemnify the Indemnitee, or cause such Indemnitee to be indemnified, to the
fullest extent permitted by Delaware law; provided, however, that no change in
Delaware law shall have the effect of reducing the benefits available to the
Indemnitee hereunder based on Delaware law as in effect on the date hereof or
as such benefits may improve as a result of amendments after the date hereof.
Payments of Indemnifiable Amounts, shall be made as soon as practicable but in
any event no later than thirty (30) days after written demand is presented to
the Company.
	 
	 	(b)	 	If so requested by the Indemnitee, the Company shall advance,
or cause to be advanced (within two business days of such request) any and all
Expenses reasonably incurred by the Indemnitee (an “Expense Advance”)
prior to the final disposition of any Claim. The Company shall, in accordance
with such request (but without duplication), either (i) pay, or caused to be
paid, such Expenses on behalf of the Indemnitee, or (ii) reimburse, or cause
to be reimbursed the Indemnitee for such Expenses. Provided that the

4

 

	 	 	 	Indemnitee has executed and delivered to the Company an unsecured
undertaking providing that the Indemnitee undertakes to repay the advance
to the extent and only to the extent that it is ultimately determined that
the Indemnitee is not entitled to be indemnified by the Company, the
Indemnitee’s right to an Expense Advance is absolute and shall not be
subject to any prior determination by the Reviewing Party that the
Indemnitee has satisfied any applicable standard of conduct for
indemnification. Such advances (i) shall be unsecured and interest free;
(ii) shall be made without regard to the Indemnitee’s ability to repay the
advances and without regard to the Indemnitee’s ultimate entitlement to
indemnification under the other provisions of this Agreement; and (iii)
shall include any and all reasonable Expenses incurred pursuing an action
to enforce this right of advancement, including Expenses incurred
preparing and forwarding statements to the Company to support the advances
claimed.
	 
	 	(c)	 	Notwithstanding anything in this Agreement to the contrary,
the Indemnitee shall not be entitled to indemnification or advancement of
Expenses pursuant to this Agreement in connection with any Claim initiated by
the Indemnitee unless (i) the Company has joined in or the Board of Directors
has authorized or consented to the initiation of such Claim or (ii) the Claim
is one to enforce the Indemnitee’s rights under this Agreement (including an
action pursued by the Indemnitee to secure a determination that the Indemnitee
should be indemnified under applicable law).
	 
	 	(d)	 	Notwithstanding the foregoing, the indemnification
obligations of the Company under Section 2(a) shall be subject to the
condition that the Reviewing Party shall not have determined (in a written
legal opinion, in any case in which the Independent Legal Counsel is involved
as required by Section 3 hereof) that the Indemnitee would not be permitted to
be indemnified under applicable law; provided, however, that
if the Indemnitee has commenced or thereafter commences legal proceedings in a
court of competent jurisdiction to secure a determination that the Indemnitee
should be indemnified under applicable law, any determination made by the
Reviewing Party that the Indemnitee would not be permitted to be indemnified
under applicable law shall not be binding. If there has not been a Change in
Control, the Reviewing Party shall be selected by the Board of Directors, and
if there has been such a Change in Control, the Reviewing Party shall be the
Independent Legal Counsel referred to in Section 3 hereof. If there has been
no determination by the Reviewing Party within thirty (30) days after written
demand is presented to the Company or if the Reviewing Party determines that
the Indemnitee would not be permitted to be indemnified in whole or in part
under applicable law, the

5

 

	 	 	 	Indemnitee shall have the right to commence litigation in any court in the
State of Delaware having subject matter jurisdiction thereof and in which
venue is proper seeking an initial determination by the court or
challenging any such determination by the Reviewing Party or any aspect
thereof, including the legal or factual bases therefor, and the Company
hereby consents to service of process and to appear in any such
proceeding. Any determination by the Reviewing Party otherwise shall be
conclusive and binding on the Company and the Indemnitee.
	 	(e)	 	Notwithstanding the foregoing, to the extent that the
Indemnitee has been successful on the merits or otherwise in defense of any or
all Claims relating in whole or in part to an Indemnifiable Event or in
defense of any issue or matter therein, including dismissal without prejudice,
the Indemnitee shall be indemnified against all Indemnifiable Amounts actually
and reasonably incurred in connection therewith, notwithstanding an earlier
determination by the Reviewing Party that the Indemnitee is not entitled to
indemnification under applicable law.

          3. Change in Control. The Company agrees that if there is a Change in Control of the
Company then with respect to all matters thereafter arising concerning the rights of the Indemnitee
to indemnity payments under this Agreement or any provision of the Certificate of Incorporation or
of the Bylaws hereafter in effect relating to Claims for Indemnifiable Events, the Company shall
seek legal advice only from Independent Legal Counsel selected by the Indemnitee and approved by
the Company (which approval shall not be unreasonably delayed, conditioned or withheld). Such
counsel, among other things, shall render its written opinion to the Company and the Indemnitee as
to whether and to what extent the Indemnitee would be permitted to be indemnified under applicable
law. The Company agrees to pay the reasonable fees of the Independent Legal Counsel and to
indemnify fully such counsel against any and all expenses (including attorneys’ fees), claims,
liabilities and damages arising out of or relating to this Agreement or its engagement pursuant
hereto.

          4. Indemnification for Additional Expenses. The Company shall indemnify, or cause the
indemnification of, the Indemnitee against any and all Expenses and, if requested by the
Indemnitee, shall advance such Expenses to the Indemnitee, subject to and in accordance with
Section 2(b), which are incurred by the Indemnitee in connection with any action brought by the
Indemnitee for (i) indemnification or an Expense Advance by the Company under this Agreement or any
other agreement or provision of the Certificate of Incorporation or of the Bylaws now or hereafter
in effect relating to Claims for Indemnifiable Events and/or (ii) recovery under any directors’
and officers’ liability insurance policies maintained by the Company, regardless of whether the
Indemnitee ultimately is determined to be entitled to such indemnification, Expense Advance or
insurance recovery, as the case may be; provided that the Indemnitee shall be required to reimburse
such Expenses in the event that a final judicial determination is made (as to which all rights of
appeal therefrom have been exhausted or lapsed) that such action

6

 

brought by the Indemnitee, or the defense by the Indemnitee of an action brought by the
Company or any other person, as applicable, was frivolous or in bad faith.

          5. Partial Indemnity, Etc. If the Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for some or a portion of the Expenses or other
Indemnifiable Amounts in respect of a Claim but not, however, for all of the total amount thereof,
the Company shall nevertheless indemnify the Indemnitee for the portion thereof to which the
Indemnitee is entitled. Moreover, notwithstanding any other provision of this Agreement, to the
extent that the Indemnitee has been successful on the merits or otherwise in defense of any or all
Claims relating in whole or in part to an Indemnifiable Event or in defense of any issue or matter
therein, including dismissal without prejudice, the Indemnitee shall be indemnified against all
Expenses incurred in connection therewith.

          6. Burden of Proof. In connection with any determination by the Reviewing Party or
otherwise as to whether the Indemnitee is entitled to be indemnified hereunder, the Reviewing
Party, court, any finder of fact or other relevant person shall presume that the Indemnitee has
satisfied the applicable standard of conduct and is entitled to indemnification, and the burden of
proof shall be on the Company or its representative to establish by clear and convincing evidence
that the Indemnitee is not so entitled.

          7. Reliance as Safe Harbor. For purposes of this Agreement, and without creating any
presumption as to a lack of good faith if the following circumstances do not exist, the Indemnitee
shall be deemed to have acted in good faith and in a manner he or she reasonably believed to be in
or not opposed to the best interests of the Company if the Indemnitee’s actions or omissions to act
are taken in good faith reliance upon the records of the Company, including its financial
statements, or upon information, opinions, reports or statements furnished to the Indemnitee by the
officers or employees of the Company or any of its subsidiaries in the course of their duties, or
by committees of the Board of Directors, or by any other Person (including legal counsel,
accountants and financial advisors) as to matters the Indemnitee reasonably believes are within
such other Person’s professional or expert competence and who has been selected with reasonable
care by or on behalf of the Company. In addition, the knowledge and/or actions, or failures to
act, of any director, officer, agent or employee of the Company shall not be imputed to the
Indemnitee for purposes of determining the right to indemnity hereunder.

          8. No Other Presumptions. For purposes of this Agreement, the termination of any
Claim by judgment, order, settlement (whether with or without court approval) or conviction, or
upon a plea of nolo contendere, or its equivalent, shall not create a presumption that the
Indemnitee did not meet any particular standard of conduct or have any particular belief or that a
court has determined that indemnification is not permitted by applicable law. In addition, neither
the failure of the Reviewing Party to have made a determination as to whether the Indemnitee has
met any particular standard of conduct or had any particular belief, nor an actual determination by
the Reviewing Party that the Indemnitee has not met such standard of conduct or did not have such
belief, prior to the commencement of legal proceedings by the Indemnitee to secure a judicial
determination that the Indemnitee should be indemnified under applicable law shall be a defense to
the

7

 

Indemnitee’s claim or create a presumption that the Indemnitee has not met any particular
standard of conduct or did not have any particular belief.

          9. Nonexclusivity, Etc. The rights of the Indemnitee hereunder shall be in addition
to any other rights the Indemnitee may have under the Company’s Certificate of Incorporation, the
Delaware General Corporation Law or otherwise. To the extent that a change in the Delaware General
Corporation Law (whether by statute or judicial decision) permits greater indemnification by
agreement than would be afforded currently under the Company’s Certificate of Incorporation or this
Agreement, it is the intent of the parties hereto that the Indemnitee shall enjoy by this Agreement
the greater benefits so afforded by such change. To the extent that there is a conflict or
inconsistency between the terms of this Agreement and the Certificate of Incorporation, it is the
intent of the parties hereto that the Indemnitee shall enjoy the greater benefits regardless of
whether contained herein, or in the Certificate of Incorporation. No amendment or alteration of
the Certificate of Incorporation or Bylaws or any other agreement shall adversely affect the rights
provided to the Indemnitee under this Agreement. No limitation of the Indemnitee’s rights pursuant
to this Agreement shall in any way limit, or imply any limitation of, the Indemnitee’s rights under
any other agreement.

          10. Liability Insurance. The Company shall use commercially reasonable efforts to
maintain a policy or policies of insurance with reputable insurance companies providing directors
and officers with coverage for any liability asserted by reason of the fact that they are serving
as a director or officer or have agreed to serve as a director, officer, employee or agent of
another enterprise, and, to the extent the Company maintains an insurance policy or policies
providing directors’ and officers’ liability insurance, the Indemnitee shall be covered by such
policy or policies, in accordance with its or their terms, to the maximum extent of the coverage
available for any Company director or officer. If the Company has such insurance in effect at the
time the Company receives from the Indemnitee any notice of the commencement of an action, suit or
proceeding, the Company shall give prompt notice of the commencement of such action, suit or
proceeding to the insurers in accordance with the procedures set forth in the policy. The Company
shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of
the Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of
such policy.

          11. Period of Limitations. No legal action shall be brought and no cause of action
shall be asserted by or in the right of the Company against the Indemnitee, the Indemnitee’s
spouse, heirs, executors or personal or legal representatives after the expiration of two years
from the date of accrual of such cause of action, and any claim or cause of action of the Company
shall be extinguished and deemed released unless asserted by the timely filing of a legal action
within such two-year period; provided, however, that if any shorter period of limitations is
otherwise applicable to any such cause of action such shorter period shall govern.

          12. Amendments, Etc. No supplement, modification or amendment of this Agreement shall
be binding unless executed in writing by both of the parties hereto. No waiver of any of the
provisions of this Agreement shall be deemed or shall constitute a

8

 

waiver of any other provisions hereof (whether or not similar) nor shall such waiver
constitute a continuing waiver.

          13. Subrogation. Subject to Section 14, in the event of payment under this Agreement,
the Company shall be subrogated to the extent of such payment to all of the rights of recovery of
the Indemnitee, who shall execute all papers reasonably required and shall do everything that may
be reasonably necessary to secure such rights, including the execution of such documents necessary
to enable the Company effectively to bring suit to enforce such rights. The Company shall pay or
reimburse all Expenses actually and reasonably incurred by the Indemnitee in connection with such
subrogation.

          14. Jointly Indemnifiable Claims. Given that certain Jointly Indemnifiable Claims may
arise due to the relationship between the Indemnitee-Related Entities and the Company and the
service of the Indemnitee as a director and/or officer of the Company at the request of the
Indemnitee-Related Entities, the Company acknowledges and agrees that the Company shall be fully
and primarily responsible for the payment to the Indemnitee in respect of indemnification and
advancement of expenses in connection with any such Jointly Indemnifiable Claim, pursuant to and in
accordance with the terms of this Agreement, irrespective of any right of recovery the Indemnitee
may have from the Indemnitee-Related Entities. Under no circumstance shall the Company be entitled
to any right of subrogation or contribution or any right to coverage from any insurer providing
insurance coverage under any policy purchased or maintained by the Indemnitee-Related Entities and
no right of recovery the Indemnitee may have from the Indemnitee-Related Entities shall reduce or
otherwise alter the rights of the Indemnitee or the obligations of the Company hereunder. In the
event that any of the Indemnitee-Related Entities shall make any payment to the Indemnitee in
respect of indemnification or advancement of Expenses with respect to any Jointly Indemnifiable
Claim, the Company agrees that such payment or advancement shall not extinguish or affect in any
way the rights of the Indemnitee under this Agreement and further agrees that the
Indemnitee-Related Entity making such payment shall be subrogated to the extent of such payment to
all of the rights of recovery of the Indemnitee against the Company. Each of the
Indemnitee-Related Entities shall be third-party beneficiaries with respect to this Section 14,
entitled to enforce this Section 14 against the Company as though each such Indemnitee-Related
Entity were a party to this Agreement.

          15. No Duplication of Payments. Subject to Section 14, the Company shall not be
liable under this Agreement to make any payment in connection with any Claim made against the
Indemnitee to the extent the Indemnitee has otherwise actually received payment (under any
insurance policy, any provision of the Certificate of Incorporation or otherwise) of the amounts
otherwise indemnifiable hereunder.

          16. Defense of Claims. The Company shall be entitled to participate in the defense of
any Claim relating to an Indemnifiable Event or to assume the defense thereof, with counsel
reasonably satisfactory to the Indemnitee; provided that if the Indemnitee believes, after
consultation with counsel selected by the Indemnitee, that (i) the use of counsel chosen by the
Company to represent the Indemnitee would present such counsel with an actual or potential conflict
of interest, (ii) the named parties in any such Claim

9

 

(including any impleaded parties) include the Company or any subsidiary of the Company and the
Indemnitee, and the Indemnitee concludes that there may be one or more legal defenses available to
him or her that are different from or in addition to those available to the Company or such
subsidiary of the Company, or (iii) any such representation by such counsel would be precluded
under the applicable standards of professional conduct then prevailing, then the Indemnitee shall
be entitled to retain separate counsel (but not more than one law firm plus, if applicable, local
counsel in respect of any particular Claim) at the Company’s expense. The Company shall not be
liable to the Indemnitee under this Agreement for any amounts paid in settlement of any Claim
relating to an Indemnifiable Event effected without the Company’s prior written consent. The
Company shall not, without the prior written consent of the Indemnitee, effect any settlement of
any Claim relating to an Indemnifiable Event which the Indemnitee is or could have been a party
unless such settlement solely involves the payment of money and includes a complete and
unconditional release of the Indemnitee from all liability on all claims that are the subject
matter of such Claim. Neither the Company nor the Indemnitee shall unreasonably withhold,
condition or delay its or his or her consent to any proposed settlement; provided that the
Indemnitee may withhold consent to any settlement that does not provide a complete and
unconditional release of the Indemnitee. In no event shall the Indemnitee be required to waive,
prejudice or limit attorney-client privilege or work-product protection or other applicable
privilege or protection.

          17. No Adverse Settlement. The Company shall not seek, nor shall it agree to, consent
to, support, or agree not to contest any settlement or other resolution of any Claim(s), or
settlement or other resolution of any other claim, action, proceeding, demand, investigation or
other matter that has the actual or purported effect of extinguishing, limiting or impairing the
Indemnitee’s rights hereunder, including, without limitation, the entry of any bar order or other
order, decree or stipulation, pursuant to 15 U.S.C. § 78u-4 (the Private Securities Litigation
Reform Act), or any similar foreign, federal or state statute, regulation, rule or law.

          18. Binding Effect, Etc. This Agreement shall be binding upon and inure to the
benefit of and be enforceable by the parties hereto and their respective successors, assigns
(including any direct or indirect successor by purchase, merger, consolidation or otherwise to all
or substantially all of the business and/or assets of the Company), spouses, heirs, executors and
personal and legal representatives. This Agreement shall continue in effect regardless of whether
the Indemnitee continues to serve as an officer and/or director of the Company or of any other
enterprise at the Company’s request. The Company shall require and cause any successor (whether
direct or indirect by purchase, merger, consolidation, or otherwise) to all or substantially all of
the business and/or assets of the Company and/or its subsidiaries, by written agreement in form and
substance satisfactory to the Indemnitee and his or her counsel, expressly to assume and agree to
perform this Agreement in the same manner and to the same extent that the Company would be required
to perform if no such succession had taken place.

          19. Severability. The provisions of this Agreement shall be severable in the event
that any of the provisions hereof (including any provision within a single section, paragraph or
sentence) are held by a court of competent jurisdiction to be invalid, illegal,

10

 

void or otherwise unenforceable in any respect, and the validity and enforceability of any
such provision in every other respect and of the remaining provisions hereof shall not be in any
way impaired and shall remain enforceable to the fullest extent permitted by law.

          20. Specific Performance, Etc. The parties recognize that if any provision of this
Agreement is violated by the Company, the Indemnitee may be without an adequate remedy at law.
Accordingly, in the event of any such violation, the Indemnitee shall be entitled, if the
Indemnitee so elects, to institute proceedings, either in law or at equity, to obtain damages, to
enforce specific performance, to enjoin such violation, or to obtain any relief or any combination
of the foregoing as the Indemnitee may elect to pursue.

          21. Notices. All notices, requests, consents and other communications hereunder to
any party shall be deemed to be sufficient if contained in a written document delivered in person
or sent by facsimile, nationally recognized overnight courier or personal delivery, addressed to
such party at the address set forth below or such other address as may hereafter be designated on
the signature pages of this Agreement or in writing by such party to the other parties:

	 	(a)	 	If to the Company, to:

	 	 	 	EverBank Financial Corp

501 Riverside Avenue, 12th Floor

Jacksonville, Florida 32202

Fax: (904) 623-8190

Attn: Thomas Hajda, Esq.

	 	 	 	with a copy (which shall not constitute notice) to:

	 	 	 	Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square

New York, New York 10036-6522

Fax: (212) 735-2000

Attn: Patricia Moran, Esq.

	 	(b)	 	If to the Indemnitee, to the address set forth on the signature page hereof.

All such notices, requests, consents and other communications shall be deemed to have been given or
made if and when received (including by overnight courier) by the parties at the above addresses or
sent by electronic transmission, with confirmation received, to the facsimile numbers specified
above (or at such other address or facsimile number for a party as shall be specified by like
notice). Any notice delivered by any party hereto to any other party hereto shall also be
delivered to each other party hereto simultaneously with delivery to the first party receiving such
notice.

          22. Counterparts. This Agreement may be executed in counterparts, each of which shall
for all purposes be deemed to be an original but all of which together shall constitute one and the
same agreement. Only one such counterpart signed by the party

11

 

against whom enforceability is sought needs to be produced to evidence the existence of this
Agreement.

          23. Headings. The headings of the sections and paragraphs of this Agreement are
inserted for convenience only and shall not be deemed to constitute part of this Agreement or to
affect the construction or interpretation thereof.

          24. Governing Law. This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Delaware applicable to contracts made and to be performed
in such state without giving effect to the principles of conflicts of laws.

12

 

          IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above.

	 	 	 	 	 
	 	EverBank Financial Corp

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	INDEMNITEE

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Business Address:
Telephone:
Facsimile: 	 
	 

13Exhibit 10.1

LENCO MOBILE INC.

2012 INCENTIVE PLAN

SECTION 1. PURPOSE

The purpose of the Lenco Mobile 2012 Incentive Plan
is to attract, retain and motivate employees, officers, directors, consultants, agents, advisors and independent contractors of
the Company and its Related Companies by providing them the opportunity to acquire a proprietary interest in the Company and to
align their interests and efforts to the long-term interests of the Company's stockholders.

SECTION 2. DEFINITIONS

Certain capitalized terms used in the Plan have the
meanings set forth in Appendix A.

SECTION 3. ADMINISTRATION

		3.1	Administration of the Plan

(a)The Plan shall be administered by the Board or
the Compensation Committee, which shall be composed of two or more directors, each of whom is a "non-employee director"
within the meaning of Rule 16b-3(b)(3) promulgated under the Exchange Act, or any successor definition adopted by the Securities
and Exchange Commission.

(b)Notwithstanding the foregoing, the Board may
delegate concurrent responsibility for administering the Plan, including with respect to designated classes of Eligible Persons,
to different committees consisting of one or more members of the Board, subject to such limitations as the Board deems appropriate,
except with respect to Awards to Participants who are subject to Section 16 of the Exchange Act. Members of any committee
shall serve for such term as the Board may determine, subject to removal by the Board at any time. To the extent consistent with
applicable law, the Board or the Compensation Committee may authorize one or more officers of the Company to grant Awards to designated
classes of Eligible Persons, within limits specifically prescribed by the Board or the Compensation Committee; provided, however,
that no such officer shall have or obtain authority to grant Awards to himself or herself or to any person subject to Section 16
of the Exchange Act. All references in the Plan to the "Committee" shall be, as applicable, to the Board,
the Compensation Committee or any other committee or any officer to whom authority has been delegated to administer the Plan.

     

     

    

		3.2	Administration and Interpretation by Committee

(a)Except for the terms and conditions explicitly
set forth in the Plan and to the extent permitted by applicable law, the Committee shall have full power and exclusive authority,
subject to such orders or resolutions not inconsistent with the provisions of the Plan as may from time to time be adopted by the
Board or a Committee composed of members of the Board, to (i) select the Eligible Persons to whom Awards may from time to
time be granted under the Plan; (ii) determine the type or types of Award to be granted to each Participant under the Plan;
(iii) determine the number of shares of Common Stock to be covered by each Award granted under the Plan; (iv) determine
the terms and conditions of any Award granted under the Plan; (v) approve the forms of notice or agreement for use under the Plan;
(vi) determine whether, to what extent and under what circumstances Awards may be settled in cash, shares of Common Stock
or other property or canceled or suspended; (vii) interpret and administer the Plan and any instrument evidencing an Award,
notice or agreement executed or entered into under the Plan; (viii) establish such rules and regulations as it shall deem
appropriate for the proper administration of the Plan; (ix) delegate ministerial duties to such of the Company's employees
as it so determines; and (x) make any other determination and take any other action that the Committee deems necessary or
desirable for administration of the Plan.

(b)The Committee shall have the right, without stockholder
approval, to (i) lower the price of an Option or SAR after it is granted, except in connection with adjustments provided in
Section 14.1; (ii) take any other action that is treated as a repricing under generally accepted accounting principles;
or (iii) cancel an Option or SAR at a time when its strike price exceeds the fair market value of the underlying stock, in
exchange for cash, another option, stock appreciation right, restricted stock, or other equity, unless the cancellation and exchange
occurs in connection with a merger, acquisition, spin-off or other similar corporate transaction.

(c)The effect on the vesting of an Award of a Company-approved
leave of absence or a Participant's reduction in hours of employment or service shall be determined by the Company's chief human
resources officer or other person performing that function or, with respect to directors or executive officers, by the Compensation
Committee, whose determination shall be final.

(d)Decisions of the Committee shall be final, conclusive
and binding on all persons, including the Company, any Participant, any stockholder and any Eligible Person. A majority of the
members of the Committee may determine its actions.

SECTION 4. SHARES SUBJECT
TO THE PLAN

		4.1	Authorized Number of Shares

Subject to adjustment from time to time as provided
in Section 14.1, the number of shares of Common Stock available for issuance under the Plan shall be:

(a)53,000,000 shares; plus

(b)any shares subject to (i) outstanding awards
under the Prior Plans and (ii) the Assumed iLoop Options on the Effective Date that cease to be subject to such awards (other than
by reason of exercise or settlement of the awards to the extent they are exercised for or settled in shares), up to an aggregate
maximum of 20,510,405 shares, subject to adjustment from time to time as provided in Section 12.1.

    	-2-

    	 

    

Shares issued under the Plan shall be drawn from authorized
and unissued shares or shares now held or subsequently acquired by the Company as treasury shares.

		4.2	Share Usage

(a)Shares of Common Stock covered by an Award shall
not be counted as used unless and until they are actually issued and delivered to a Participant. If any Award lapses, expires,
terminates or is canceled prior to the issuance of shares thereunder or if shares of Common Stock are issued under the Plan to
a Participant and thereafter are forfeited to or otherwise reacquired by the Company, the shares subject to such Awards and the
forfeited or reacquired shares shall again be available for issuance under the Plan. Any shares of Common Stock (i) tendered
by a Participant or retained by the Company as full or partial payment to the Company for the purchase price of an Award or to
satisfy tax withholding obligations in connection with an Award, or (ii) covered by an Award that is settled in cash, or in
a manner such that some or all of the shares of Common Stock covered by the Award are not issued, shall be available for Awards
under the Plan. The number of shares of Common Stock available for issuance under the Plan shall not be reduced to reflect any
dividends or dividend equivalents that are reinvested into additional shares of Common Stock or credited as additional shares of
Common Stock subject or paid with respect to an Award.

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

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

 

SECTION 5. ELIGIBILITY

An Award may be granted to any employee, officer or
director of the Company or a Related Company whom the Committee from time to time selects. An Award may also be granted to any
consultant, agent, advisor or independent contractor for bona fide services rendered to the Company or any Related Company that
(a) are not in connection with the offer and sale of the Company's securities in a capital-raising transaction and (b) do
not directly or indirectly promote or maintain a market for the Company's securities.

 

SECTION 6. AWARDS

		6.1	Form, Grant and Settlement of Awards

The Committee shall have the authority, in its sole
discretion, to determine the type or types of Awards to be granted under the Plan. Such Awards may be granted either alone or in
addition to or in tandem with any other type of Award. Any Award settlement may be subject to such conditions, restrictions and
contingencies as the Committee shall determine.

		6.2	Evidence of Awards

Awards granted under the Plan shall be evidenced by
a written, including an electronic, instrument that shall contain such terms, conditions, limitations and restrictions as the Committee
shall deem advisable and that are not inconsistent with the Plan.

		6.3	Dividends and Distributions

Participants may, if the Committee so determines, be
credited with dividends paid with respect to shares of Common Stock underlying an Award in a manner determined by the Committee
in its sole discretion. The Committee may apply any restrictions to the dividends or dividend equivalents that the Committee deems
appropriate. The Committee, in its sole discretion, may determine the form of payment of dividends or dividend equivalents, including
cash, shares of Common Stock, Restricted Stock or Stock Units. Notwithstanding the foregoing, the right to any dividends or dividend
equivalents declared and paid on the number of shares underlying an Option or a Stock Appreciation Right may not be contingent,
directly or indirectly on the exercise of the Option or Stock Appreciation Right, and must comply with or qualify for an exemption
under Section 409A. Also notwithstanding the foregoing, the right to any dividends or dividend equivalents declared and paid on
Restricted Stock must (i) be paid at the same time they are paid to other shareholders and (ii) comply with or qualify for an exemption
under Section 409A.

    	-3-

    	 

    

SECTION 7. OPTIONS

		7.1	Grant of Options

The Committee may grant Options designated as Nonqualified
Stock Options.

		7.2	Option Exercise Price

Options shall be granted with an exercise price per
share not less than 100% of the Fair Market Value of the Common Stock on the Grant Date, except in the case of Substitute Awards.
Notwithstanding the foregoing, the Committee may grant Nonqualified Stock Options with an exercise price per share of less than
the Fair Market Value of the Common Stock on the Grant Date if the Option meets all the requirements for Awards that are considered
"deferred compensation" within the meaning of Section 409A. Further notwithstanding the foregoing, the Committee,
in its sole discretion, may establish an exercise price that is equal to the average of 100% of the Fair Market Value over a period
of trading days not to exceed 30 days after the date on which the Committee completes the corporate action.

		7.3	Term of Options

Subject to earlier termination in accordance with the
terms of the Plan and the instrument evidencing the Option, the maximum term of an Option shall be ten years from the Grant Date.

		7.4	Exercise of Options

The Committee shall establish and set forth in each
instrument that evidences an Option the time at which, or the installments in which, the Option shall vest and become exercisable,
any of which provisions may be waived or modified by the Committee at any time.

If not so established in the instrument evidencing the
Option, the Option shall vest and become exercisable according to the following schedule, which may be waived or modified by the
Committee at any time:

	Period of Participant's Continuous
 Employment or Service With the Company
 or Its Related Companies From the Vesting
 Commencement Date	

Portion of Total Option
 That Is Vested and Exercisable
	After 1 year	1/3rd	 
	Each additional one-month period of
 continuous service completed thereafter	An additional 1/36th	 
	After 3 years	100%	 

 

    	-4-

    	 

    

To the extent an Option has vested and become exercisable,
the Option may be exercised in whole or from time to time in part by delivery to or as directed or approved by the Company of a
properly executed stock option exercise agreement or notice, in a form and in accordance with procedures established by the Committee,
setting forth the number of shares with respect to which the Option is being exercised, the restrictions imposed on the shares
purchased under such exercise agreement or notice, if any, and such representations and agreements as may be required by the Committee,
accompanied by payment in full as described in Sections 7.5. An Option may be exercised only for whole shares and may not
be exercised for less than a reasonable number of shares at any one time, as determined by the Committee.

		7.5	Payment of Exercise Price

The exercise price for shares purchased under an Option
shall be paid in full to the Company by delivery of consideration equal to the product of the Option exercise price and the number
of shares purchased. Such consideration must be paid before the Company will issue the shares being purchased and must be in a
form or a combination of forms acceptable to the Committee for that purchase, which forms may include:

(a)cash;

(b)check or wire transfer;

(c)having the Company withhold shares of Common
Stock that would otherwise be issued on exercise of the Option that have an aggregate Fair Market Value equal to the aggregate
exercise price of the shares being purchased under the Option;

(d)tendering (either actually or, so long as the
Common Stock is registered under Section 12(b) or 12(g) of the Exchange Act, by attestation) shares of Common Stock owned
by the Participant that have an aggregate Fair Market Value equal to the aggregate exercise price of the shares being purchased
under the Option;

(e)so long as the Common Stock is registered under
Section 12(b) or 12(g) of the Exchange Act, and to the extent permitted by law, delivery of a properly executed exercise agreement
or notice, together with irrevocable instructions to a brokerage firm designated or approved by the Company to deliver promptly
to the Company the aggregate amount of proceeds to pay the Option exercise price and any withholding tax obligations that may arise
in connection with the exercise, all in accordance with the regulations of the Federal Reserve Board; or

    	-5-

    	 

    

(f)such other consideration as the Committee may
permit.

		7.6	Effect of Termination of Service

The Committee shall establish and set forth in each
instrument that evidences an Option whether the Option shall continue to be exercisable, and the terms and conditions of such exercise,
after a Termination of Service, any of which provisions may be waived or modified by the Committee at any time. If not so established
in the instrument evidencing the Option, the Option shall be exercisable according to the following terms and conditions, which
may be waived or modified by the Committee at any time:

(a)Any portion of an Option that is not vested and
exercisable on the date of a Participant's Termination of Service shall expire on such date.

(b)Any portion of an Option that is vested and exercisable
on the date of a Participant's Termination of Service shall expire on the earliest to occur of:

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

(ii)if the Participant's Termination of Service
occurs by reason of Retirement, Disability or death, the one-year anniversary of such Termination of Service; and

(iii)the Option Expiration Date.

Notwithstanding the foregoing, if a Participant dies
after his or her Termination of Service but while an Option is otherwise exercisable, the portion of the Option that is vested
and exercisable on the date of such Termination of Service shall expire upon the earlier to occur of (y) the Option Expiration
Date and (z) the one-year anniversary of the date of death, unless the Committee determines otherwise.

Also notwithstanding the foregoing, in case a Participant's
Termination of Service occurs for Cause, all Options granted to the Participant shall automatically expire upon first notification
to the Participant of such termination, unless the Committee determines otherwise. If a Participant's employment or service relationship
with the Company is suspended pending an investigation of whether the Participant shall be terminated for Cause, all the Participant's
rights under any Option shall likewise be suspended during the period of investigation. If any facts that would constitute termination
for Cause are discovered after a Participant's Termination of Service, any Option then held by the Participant may be immediately
terminated by the Committee, in its sole discretion.

    	-6-

    	 

    

(c)If the exercise of the Option following
a Participant's Termination of Service, but while the Option is otherwise exercisable, would be prohibited solely because the issuance
of Common Stock would violate the registration requirements under the Securities Act or similar requirements under the laws of
any state or foreign jurisdiction, then the Option shall remain exercisable until the earlier of (i) the Option Expiration
Date and (ii) the expiration of a period of three months (or such longer period of time as determined by the Committee in
its sole discretion) after the Participant's Termination of Service during which the exercise of the Option would not be in violation
of such Securities Act or other requirements.

SECTION 8. STOCK APPRECIATION
RIGHTS

		8.1	Grant of Stock Appreciation Rights

The Committee may grant Stock Appreciation Rights to
Participants at any time on such terms and conditions as the Committee shall determine in its sole discretion. An SAR may be granted
in tandem with an Option or alone ("freestanding"). The grant price of a tandem SAR shall be equal to the exercise price
of the related Option. The grant price of a freestanding SAR shall be established in accordance with procedures for Options set
forth in Section 7.2. An SAR may be exercised upon such terms and conditions and for the term as the Committee determines
in its sole discretion; provided, however, that, subject to earlier termination in accordance with the terms of the Plan and the
instrument evidencing the SAR, the maximum term of a freestanding SAR shall be ten years, and in the case of a tandem SAR, (a)
the term shall not exceed the term of the related Option and (b) the tandem SAR may be exercised for all or part of the shares
subject to the related Option upon the surrender of the right to exercise the equivalent portion of the related Option, except
that the tandem SAR may be exercised only with respect to the shares for which its related Option is then exercisable.

		8.2	Payment of SAR Amount

Upon the exercise of an SAR, a Participant shall be
entitled to receive payment in an amount determined by multiplying: (a) the difference between the Fair Market Value of the
Common Stock on the date of exercise over the grant price of the SAR by (b) the number of shares with respect to which the SAR
is exercised. At the discretion of the Committee as set forth in the instrument evidencing the Award, the payment upon exercise
of an SAR may be in cash, in shares, in some combination thereof or in any other manner approved by the Committee in its sole discretion.

		8.3	Waiver of Restrictions

The Committee, in its sole discretion, may waive any
other terms, conditions or restrictions on any SAR under such circumstances and subject to such terms and conditions as the Committee
shall deem appropriate.

    	-7-

    	 

    

SECTION 9. STOCK AWARDS,
RESTRICTED STOCK AND STOCK UNITS

		9.1	Grant of Stock Awards, Restricted Stock and Stock Units

The Committee may grant Stock Awards, Restricted Stock
and Stock Units on such terms and conditions and subject to such repurchase or forfeiture restrictions, if any, which may be based
on continuous service with the Company or a Related Company or the achievement of any performance goals, as the Committee shall
determine in its sole discretion, which terms, conditions and restrictions shall be set forth in the instrument evidencing the
Award.

		9.2	Vesting of Restricted Stock and Stock Units

Upon the satisfaction of any terms, conditions and restrictions
prescribed with respect to Restricted Stock or Stock Units, or upon a Participant's release from any terms, conditions and restrictions
of Restricted Stock or Stock Units, as determined by the Committee (a) the shares of Restricted Stock covered by each Award of
Restricted Stock shall become freely transferable by the Participant, and (b) Stock Units shall be paid in shares of Common Stock
or, if set forth in the instrument evidencing the Awards, in cash or a combination of cash and shares of Common Stock. Any fractional
shares subject to such Awards shall be paid to the Participant in cash.

		9.3	Waiver of Restrictions

The Committee, in its sole discretion, may waive the
repurchase or forfeiture period and any other terms, conditions or restrictions on any Restricted Stock or Stock Unit under such
circumstances and subject to such terms and conditions as the Committee shall deem appropriate.

SECTION 10. PERFORMANCE
AWARDS

		10.1	Performance Shares

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

    	-8-

    	 

    

		10.2	Performance Units

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

SECTION 11. OTHER STOCK
OR CASH-BASED AWARDS

Subject to the terms of the Plan and such other terms
and conditions as the Committee deems appropriate, the Committee may grant other incentives payable in cash or in shares of Common
Stock under the Plan.

SECTION 12. WITHHOLDING

The Company may require the Participant to pay to the
Company the amount of (a) any taxes that the Company is required by applicable federal, state, local or foreign law to withhold
with respect to the grant, vesting or exercise of an Award ("tax withholding obligations") and (b) any amounts due from
the Participant to the Company or to any Related Company ("other obligations"). Notwithstanding any other provision of
the Plan to the contrary, the Company shall not be required to issue any shares of Common Stock or otherwise settle an Award under
the Plan until such tax withholding obligations and other obligations are satisfied.

The Committee may permit or require a Participant to
satisfy all or part of the Participant's tax withholding obligations and other obligations by (a) paying cash to the Company,
(b) having the Company withhold an amount from any cash amounts otherwise due or to become due from the Company to the Participant,
(c) having the Company withhold a number of shares of Common Stock that would otherwise be issued to the Participant (or become
vested, in the case of Restricted Stock) having a Fair Market Value equal to the tax withholding obligations and other obligations,
or (d) surrendering a number of shares of Common Stock the Participant already owns having a value equal to the tax withholding
obligations and other obligations. The value of the shares so withheld or tendered may not exceed the employer's minimum required
tax withholding rate.

SECTION 13. ASSIGNABILITY

No Award or interest in an Award may be sold, assigned,
pledged (as collateral for a loan or as security for the performance of an obligation or for any other purpose) or transferred
by a Participant or made subject to attachment or similar proceedings otherwise than by will or by the applicable laws of descent
and distribution, except to the extent the Participant designates one or more beneficiaries on a Company-approved form who may
exercise the Award or receive payment under the Award after the Participant's death. During a Participant's lifetime, an Award
may be exercised only by the Participant. Notwithstanding the foregoing and to the extent permitted by Section 422 of the
Code, the Committee, in its sole discretion, may permit a Participant to assign or transfer an Award subject to such terms and
conditions as the Committee shall specify.

    	-9-

    	 

    

SECTION 14. ADJUSTMENTS

		14.1	Adjustment of Shares

In the event that, at any time or from time to time,
a stock dividend, stock split, spin-off, combination or exchange of shares, recapitalization, merger, consolidation, distribution
to stockholders other than a normal cash dividend, or other change in the Company's corporate or capital structure results in (a) the
outstanding shares of Common Stock, or any securities exchanged therefor or received in their place, being exchanged for a different
number or kind of securities of the Company or (b) new, different or additional securities of the Company or any other company
being received by the holders of shares of Common Stock, then the Committee shall make proportional adjustments in (i) the
maximum number and kind of securities available for issuance under the Plan; (ii) the maximum number and kind of securities set
forth in Section 4.3; (iii) the maximum numbers and kind of securities set forth in Section 15.3; and (iv) the number
and kind of securities that are subject to any outstanding Award and the per share price of such securities, without any change
in the aggregate price to be paid therefor. The determination by the Committee, as to the terms of any of the foregoing adjustments
shall be conclusive and binding.

Notwithstanding the foregoing, the issuance by the Company
of shares of stock of any class, or securities convertible into shares of stock of any class, for cash or property, or for labor
or services rendered, either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion
of shares or obligations of the Company convertible into such shares or other securities, shall not affect, and no adjustment by
reason thereof shall be made with respect to, outstanding Awards. Also notwithstanding the foregoing, a dissolution or liquidation
of the Company or a Company Transaction shall not be governed by this Section 14.1 but shall be governed by Sections 14.2
and 14.3, respectively.

		14.2	Dissolution or Liquidation

To the extent not previously exercised or settled, and
unless otherwise determined by the Committee in its sole discretion, Awards shall terminate immediately prior to the dissolution
or liquidation of the Company. To the extent a vesting condition, forfeiture provision or repurchase right applicable to an Award
has not been waived by the Committee, the Award shall be forfeited immediately prior to the consummation of the dissolution or
liquidation.

    	-10-

    	 

    

		14.3	Change in Control

Notwithstanding any other provision of the Plan to the
contrary, unless the Committee shall determine otherwise in the instrument evidencing the Award or in a written employment, services
or other agreement between the Participant and the Company or a Related Company, in the event of a Change in Control:

(a)All outstanding Awards, other than Performance
Shares and Performance Units, shall become fully vested and exercisable or payable, and all applicable restrictions or forfeiture
provisions shall lapse, immediately prior to the Change in Control and shall terminate at the effective time of the Change in Control;
provided, however, that with respect to a Change in Control that is a Company Transaction in which such Awards could be converted,
assumed, substituted for or replaced by the Successor Company, such Awards shall become fully vested and exercisable or payable,
and all applicable restrictions or forfeiture provisions shall lapse, only if and to the extent such Awards are not converted,
assumed, substituted for or replaced by the Successor Company. If and to the extent that the Successor Company converts, assumes,
substitutes or replaces an Award, the vesting restrictions and/or forfeiture provisions applicable to such Award shall not be accelerated
or lapse, and all such vesting restrictions and/or forfeiture provisions shall continue with respect to any shares of the Successor
Company or other consideration that may be received with respect to such Award.

For the purposes of this Section 14.3(a), an Award
shall be considered converted, assumed, substituted for or replaced by the Successor Company if following the Company Transaction
the right confers the right to purchase or receive, for each share of Common Stock subject to the Award immediately prior to the
Company Transaction, the consideration (whether stock, cash or other securities or property) received in the Company Transaction
by holders of Common Stock for each share held on the effective date of the transaction (and if holders were offered a choice of
consideration, the type of consideration chosen by the holders of a majority of the outstanding shares); provided, however, that
if such consideration received in the Company Transaction is not solely common stock of the Successor Company, the Committee may,
with the consent of the Successor Company, provide for the consideration to be received pursuant to the Award, for each share of
Common Stock subject thereto, to be solely common stock of the Successor Company substantially equal in fair market value to the
per share consideration received by holders of Common Stock in the Company Transaction. The determination of such substantial equality
of value of consideration shall be made by the Committee, and its determination shall be conclusive and binding.

(b)All Performance Shares or Performance Units earned
and outstanding as of the date the Change in Control is determined to have occurred and for which the payout level has been determined
shall be payable in full in accordance with the payout schedule pursuant to the instrument evidencing the Award. Any remaining
outstanding Performance Shares or Performance Units (including any applicable performance period) for which the payout level has
not been determined shall be prorated at the target payout level up to and including the date of such Change in Control and shall
be payable accordance with the payout schedule pursuant to the instrument evidencing the Award. Any existing deferrals or other
restrictions not waived by the Committee in its sole discretion shall remain in effect.

    	-11-

    	 

    

(c)Notwithstanding the foregoing, the Committee,
in its sole discretion, may instead provide in the event of a Change in Control that is a Company Transaction that a Participant's
outstanding Awards shall terminate upon or immediately prior to such Company Transaction and that such Participant shall receive,
in exchange therefor, a cash payment equal to the amount (if any) by which (x) the value of the per share consideration received
by holders of Common Stock in the Company Transaction, or, in the event the Company Transaction is one of the transactions listed
under subsection (c) in the definition of Company Transaction or otherwise does not result in direct receipt of consideration by
holders of Common Stock, the value of the deemed per share consideration received, in each case as determined by the Committee
in its sole discretion, multiplied by the number of shares of Common Stock subject to such outstanding Awards (to the extent then
vested and exercisable or whether or not then vested and exercisable, as determined by the Committee in its sole discretion) exceeds
(y) if applicable, the respective aggregate exercise price or grant price for such Awards.

(d)For the avoidance of doubt, nothing in this Section
14.3 requires all outstanding Awards to be treated similarly.

		14.4	Further Adjustment of Awards

Subject to Sections 14.2 and 14.3, the Committee
shall have the discretion, exercisable at any time before a sale, merger, consolidation, reorganization, liquidation, dissolution
or change of control of the Company, as defined by the Committee, to take such further action as it determines to be necessary
or advisable with respect to Awards. Such authorized action may include (but shall not be limited to) establishing, amending or
waiving the type, terms, conditions or duration of, or restrictions on, Awards so as to provide for earlier, later, extended or
additional time for exercise, lifting restrictions and other modifications, and the Committee may take such actions with respect
to all Participants, to certain categories of Participants or only to individual Participants. The Committee may take such action
before or after granting Awards to which the action relates and before or after any public announcement with respect to such sale,
merger, consolidation, reorganization, liquidation, dissolution or change of control that is the reason for such action.

		14.5	No Limitations

The grant of Awards shall in no way affect the Company's
right to adjust, reclassify, reorganize or otherwise change its capital or business structure or to merge, consolidate, dissolve,
liquidate or sell or transfer all or any part of its business or assets.

    	-12-

    	 

    

		14.6	No Fractional Shares

In the event of any adjustment in the number of shares
covered by any Award, each such Award shall cover only the number of full shares resulting from such adjustment, and any fractional
shares resulting from such adjustment shall be disregarded.

		14.7	Section 409A

Notwithstanding any other provision of the Plan to the
contrary, (a) any adjustments made pursuant to this Section 12 to Awards that are considered "deferred compensation"
within the meaning of Section 409A shall be made in compliance with the requirements of Section 409A and (b) any adjustments
made pursuant to this Section 12 to Awards that are not considered "deferred compensation" subject to Section 409A
shall be made in such a manner as to ensure that after such adjustment the Awards either (i) continue not to be subject to Section 409A
or (ii) comply with the requirements of Section 409A.

SECTION 15. AMENDMENT AND
TERMINATION

		15.1	Amendment, Suspension or Termination

The Board or the Compensation Committee may amend, suspend
or terminate the Plan or any portion of the Plan at any time and in such respects as it shall deem advisable; provided, however,
that, to the extent required by applicable law, regulation or stock exchange rule, stockholder approval shall be required for any
amendment to the Plan; and provided, further, that any amendment that requires stockholder approval may be made only by the Board.
Subject to Section 15.3, the Committee may amend the terms of any outstanding Award, prospectively or retroactively.

		15.2	Term of the Plan

Unless sooner terminated as provided herein, the Plan
shall terminate ten years from the Effective Date. After the Plan is terminated, no future Awards may be granted, but Awards previously
granted shall remain outstanding in accordance with their applicable terms and conditions and the Plan's terms and conditions.

		15.3	Consent of Participant

The amendment, suspension or termination of the Plan
or a portion thereof or the amendment of an outstanding Award shall not, without the Participant's consent, materially adversely
affect any rights under any Award theretofore granted to the Participant under the Plan. Notwithstanding the foregoing, any adjustments
made pursuant to Section 14 shall not be subject to these restrictions.

    	-13-

    	 

    

SECTION 16. GENERAL

		16.1	No Individual Rights

No individual or Participant shall have any claim to
be granted any Award under the Plan, and the Company has no obligation for uniformity of treatment of Participants under the Plan.

Furthermore, nothing in the Plan or any Award granted
under the Plan shall be deemed to constitute an employment contract or confer or be deemed to confer on any Participant any right
to continue in the employ of, or to continue any other relationship with, the Company or any Related Company or limit in any way
the right of the Company or any Related Company to terminate a Participant's employment or other relationship at any time, with
or without cause.

		16.2	Issuance of Shares

(a)Notwithstanding any other provision of the Plan,
the Company shall have no obligation to issue or deliver any shares of Common Stock under the Plan or make any other distribution
of benefits under the Plan unless, in the opinion of the Company's counsel, such issuance, delivery or distribution would comply
with all applicable laws (including, without limitation, the requirements of the Securities Act or the laws of any state or foreign
jurisdiction) and the applicable requirements of any securities exchange or similar entity.

(b)The Company shall be under no obligation to any
Participant to register for offering or resale or to qualify for exemption under the Securities Act, or to register or qualify
under the laws of any state or foreign jurisdiction, any shares of Common Stock, security or interest in a security paid or issued
under, or created by, the Plan, or to continue in effect any such registrations or qualifications if made.

(c)As a condition to any receipt of Common Stock
pursuant to an Award under the Plan, the Company may require (i) the Participant to represent and warrant at the time of any
such exercise or receipt that such shares are being purchased or received only for the Participant's own account and without any
present intention to sell or distribute such shares and (ii) such other action or agreement by the Participant as may from
time to time be necessary to comply with the federal, state and foreign securities laws. At the option of the Company, a stop-transfer
order against any such shares may be placed on the official stock books and records of the Company, and a legend indicating that
such shares may not be pledged, sold or otherwise transferred, unless an opinion of counsel is provided (concurred in by counsel
for the Company) stating that such transfer is not in violation of any applicable law or regulation, may be stamped on stock certificates
to ensure exemption from registration. The Committee may also require the Participant to execute and deliver to the Company a purchase
agreement or such other agreement as may be in use by the Company at such time that describes certain terms and conditions applicable
to the shares.

    	-14-

    	 

    

(d)To the extent the Plan or any instrument evidencing
an Award provides for issuance of stock certificates to reflect the issuance of shares of Common Stock, the issuance may be effected
on a noncertificated basis, to the extent not prohibited by applicable law or the applicable rules of any stock exchange.

		16.3	Indemnification

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

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

		16.4	No Rights as a Stockholder

Unless otherwise provided by the Committee or in the
instrument evidencing the Award or in a written employment, services or other agreement, no Award, other than a Stock Award or
Restricted Stock Award, shall entitle the Participant to any cash dividend, voting or other right of a stockholder unless and until
the date of issuance under the Plan of the shares that are the subject of such Award.

    	-15-

    	 

    

		16.5	Compliance with Laws and Regulations

The Plan and Awards granted under the Plan are intended
to be exempt from the requirements of Section 409A to the maximum extent possible, whether pursuant to the short-term deferral
exception described in Treasury Regulation Section 1.409A-1(b)(4), the exclusion applicable to stock options, stock appreciation
rights and certain other equity-based compensation under Treasury Regulation Section 1.409A-1(b)(5), or otherwise. To the extent
Section 409A is applicable to the Plan or any Award granted under the Plan, it is intended that the Plan and any Awards granted
under the Plan comply with the deferral, payout and other limitations and restrictions imposed under Section 409A. Notwithstanding
any other provision of the Plan or any Award granted under the Plan to the contrary, the Plan and any Award granted under the Plan
shall be interpreted, operated and administered in a manner consistent with such intentions. Without limiting the generality of
the foregoing, and notwithstanding any other provision of the Plan or any Award granted under the Plan to the contrary, with respect
to any payments and benefits under the Plan or any Award granted under the Plan to which Section 409A applies, all references
in the Plan or any Award granted under the Plan to the termination of the Participant's employment or service are intended to mean
the Participant's "separation from service," within the meaning of Section 409A(a)(2)(A)(i). In addition, if the
Participant is a "specified employee," within the meaning of Section 409, then to the extent necessary to avoid
subjecting the Participant to the imposition of any additional tax under Section 409A, amounts that would otherwise be payable
under the Plan or any Award granted under the Plan during the six-month period immediately following the Participant's "separation
from service," within the meaning of Section 409A(a)(2)(A)(i), shall not be paid to the Participant during such period,
but shall instead be accumulated and paid to the Participant (or, in the event of the Participant's death, the Participant's estate)
in a lump sum on the first business day after the earlier of the date that is six months following the Participant's separation
from service or the Participant's death. Notwithstanding any other provision of the Plan to the contrary, the Committee, to the
extent it deems necessary or advisable in its sole discretion, reserves the right, but shall not be required, to unilaterally amend
or modify the Plan and any Award granted under the Plan so that the Award qualifies for exemption from or complies with Section
409A; provided, however, that the Committee makes no representations that Awards granted under the Plan shall be exempt from or
comply with Section 409A and makes no undertaking to preclude Section 409A from applying to Awards granted under the Plan.

		16.6	Participants in Other Countries or Jurisdictions

Without amending the Plan, the Committee may grant Awards
to Eligible Persons who are foreign nationals on such terms and conditions different from those specified in the Plan as may, in
the judgment of the Committee, be necessary or desirable to foster and promote achievement of the purposes of the Plan and shall
have the authority to adopt such modifications, procedures, subplans and the like as may be necessary or desirable to comply with
provisions of the laws or regulations of other countries or jurisdictions in which the Company or any Related Company may operate
or have employees to ensure the viability of the benefits from Awards granted to Participants employed in such countries or jurisdictions,
meet the requirements that permit the Plan to operate in a qualified or tax-efficient manner, comply with applicable foreign laws
or regulations and meet the objectives of the Plan.

		16.7	No Trust or Fund

The Plan is intended to constitute an "unfunded"
plan. Nothing contained herein shall require the Company to segregate any monies or other property, or shares of Common Stock,
or to create any trusts, or to make any special deposits for any immediate or deferred amounts payable to any Participant, and
no Participant shall have any rights that are greater than those of a general unsecured creditor of the Company.

    	-16-

    	 

    

		16.8	Successors

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

		16.9	Severability

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

		16.10	Choice of Law and Venue

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

		16.11	Legal Requirements

The granting of Awards and the issuance of shares of
Common Stock under the Plan are subject to all applicable laws, rules and regulations and to such approvals by any governmental
agencies or national securities exchanges as may be required.

SECTION 17. EFFECTIVE DATE

The effective date (the "Effective Date")
is the date on which the Plan is adopted by the Board.

    	-17-

    	 

    

 

APPENDIX A

DEFINITIONS

As used in the Plan,

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

"Assumed iLoop Options" means
the options assumed by the Company that were granted under the iLoop Mobile, Inc. Amended and Restated 2006 Equity Incentive Plan.

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

"Board" means the Board of Directors
of the Company.

"Cause," unless otherwise defined
in the instrument evidencing an Award or in a written employment, services or other agreement between the Participant and the Company
or a Related Company, means dishonesty, fraud, serious or willful misconduct, unauthorized use or disclosure of confidential information
or trade secrets, or conduct prohibited by law (except minor violations), in each case as determined by the Company's chief human
resources officer or other person performing that function or, in the case of directors and executive officers, the Compensation
Committee, whose determination shall be conclusive and binding.

"Change in Control," unless
the Committee determines otherwise with respect to an Award at the time the Award is granted or unless otherwise defined for purposes
of an Award in a written employment, services or other agreement between the Participant and the Company or a Related Company,
means the occurrence of any of the following events: 

(a)an acquisition by any Entity of beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of either (1) the number of then outstanding
shares of common stock of the Company (the "Outstanding Company Common Stock") or (2) the combined voting
power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the "Outstanding
Company Voting Securities"), provided, however, that the following acquisitions shall not constitute a Change in
Control: (i) any acquisition directly from the Company, other than an acquisition by virtue of the exercise of a conversion privilege
where the security being so converted was not acquired directly from the Company by the party exercising the conversion privilege,
(ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained
by the Company or any Related Company, or (iv) an acquisition by any Entity pursuant to a transaction that meets the conditions
of clauses (i), (ii) and (iii) set forth in the definition of Company Transaction: or (v) any acquisition approved by the
Board;

    	A-1

    	 

    

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

(c)consummation of a Company Transaction.

"Code" means the Internal Revenue
Code of 1986, as amended from time to time.

"Committee" has the meaning
set forth in Section 3.1.

"Common Stock" means
the common stock, par value $0.001 per share, of the Company.

"Company" means Lenco Mobile
Inc., a Delaware corporation.

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

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

(b)a sale in one transaction or a series of transactions
undertaken with a common purpose of 50% of the Company's outstanding voting securities; or

(c)a sale, lease, exchange or other transfer in
one transaction or a series of related transactions undertaken with a common purpose of all or substantially all of the Company's
assets,

excluding, however, in each case, a transaction pursuant
to which

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

    	A-2

    	 

    

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

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

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

"Compensation Committee" means
the Compensation Committee of the Board.

"Disability," unless otherwise
defined by the Committee for purposes of the Plan in the instrument evidencing an Award or in a written employment, services or
other agreement between the Participant and the Company or a Related Company, means a mental or physical impairment of the Participant
that is expected to result in death or that has lasted or is expected to last for a continuous period of 12 months or more
and that causes the Participant to be unable to perform his or her material duties for the Company or a Related Company and to
be engaged in any substantial gainful activity, in each case as determined by the Company's chief human resources officer or other
person performing that function or, in the case of directors and executive officers, the Compensation Committee, whose determination
shall be conclusive and binding.

"Effective Date" has the meaning
set forth in Section 18.

"Eligible Person" means any
person eligible to receive an Award as set forth in Section 5.

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

"Exchange Act" means the Securities
Exchange Act of 1934, as amended from time to time.

    	A-3

    	 

    

"Fair Market Value" means the
average of the high and low trading prices for the Common Stock on any given date during regular trading, or if not trading
on that date, such price on the last preceding date on which the Common Stock was traded, unless determined otherwise by the Committee
using such methods or procedures as it may establish.

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

"Incumbent Board" has the meaning
set forth in the definition of "Change of Control."

"Option" means a right
to purchase Common Stock granted under Section 7 granted with the intention that it shall not qualify as an "incentive stock
option" as that term is defined for purposes of Section 422 of the Code or any successor provision.

"Option Expiration Date"
means the last day of the maximum term of an Option.

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

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

"Parent Company" means a company
or other entity which as a result of a Company Transaction owns the Company or all or substantially all of the Company's assets
either directly or through one or more subsidiaries.

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

"Performance Award" means
an Award of Performance Shares or Performance Units granted under Section 10.

"Performance Criteria" has
the meaning set forth in Section 15.1.

"Performance Share" means an
Award of units denominated in shares of Common Stock granted under Section 10.1.

"Performance Unit" means an
Award of units denominated in cash or property other than shares of Common Stock granted under Section 10.2.

"Plan" means the Lenco Mobile
Inc. 2012 Incentive Plan.

"Prior Plans" means the Lenco
Mobile Inc. 2011 Nonstatutory Stock Option Plan and the Lenco Mobile Inc. 2009 Equity Incentive Plan.

    	A-4

    	 

    

"Related Company" means any
entity that is directly or indirectly controlled by, in control of or under common control with the Company.

"Restricted Stock" means an
Award of shares of Common Stock granted under Section 9, the rights of ownership of which are subject to restrictions prescribed
by the Committee.

"Retirement," unless
otherwise defined in the instrument evidencing the Award or in a written employment, services or other agreement between the Participant
and the Company or a Related Company, means "Retirement" as defined for purposes of the Plan by the Committee or the
Company's chief human resources officer or other person performing that function or, if not so defined, means Termination of Service
on or after the date the Participant reaches "normal retirement age," as that term is defined in Section 411(a)(8)
of the Code.

"Securities Act" means
the Securities Act of 1933, as amended from time to time.

"Section 409A" means Section
409A of the Code.

"Stock Appreciation Right" or
"SAR" means a right granted under Section 8.1 to receive the excess of the Fair Market Value of a
specified number of shares of Common Stock over the grant price.

"Stock Award" means an Award
of shares of Common Stock granted under Section 9, the rights of ownership of which are not subject to restrictions prescribed
by the Committee.

"Stock Unit" means an Award
denominated in units of Common Stock granted under Section 9.

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

"Successor Company" means
the surviving company, the successor company or Parent Company, as applicable, in connection with a Company Transaction.

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

"Vesting Commencement Date"
means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

 

    	A-5

    	 

    

 

PLAN ADOPTION AND AMENDMENTS/ADJUSTMENTS

SUMMARY PAGE

 

	Date of Board Action	Action	Section/Effect

of Amendment	Date of Stockholder Approval
	 	 	 	 
	_____________, 2012	Initial Plan Adoption	 	 ____________, 2012
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}]]