Document:

Exhibit 10.17

 

TRANSFIX, INC.

 

2019 STOCK PLAN

 

1.               Purposes
of the Plan; Only Accredited Investors Eligible for Grants. The purposes of this 2019 Stock Plan are to attract and retain the
best available personnel for positions of substantial responsibility, to provide additional incentives to Employees and Consultants who
are eligible to receive grants hereunder in accordance with Section 5 of the Plan, and to promote the success of the Company’s
business. Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as determined by the Administrator
at the time of grant of an Option and subject to the applicable provisions of Section 422 of the Code and the regulations promulgated
thereunder. Restricted Stock and other Stock Awards may also be granted under the Plan.

 

NOTE: Notwithstanding
any other provision herein, Awards may be granted under the Plan only to Employees and Consultants who the Administrator believes are
 “accredited investors” (within the meaning of Rule 501 promulgated under the Securities Act) on the date of grant of
the Award.

 

		2.	Definitions. As used herein, the following definitions shall apply:

 

		(a)	“Administrator” means the Board or a Committee.

 

(b)            “Affiliate”
means (i) an entity other than a Subsidiary which, together with the Company, is under common control of a third person or entity
and (ii) an entity other than a Subsidiary in which the Company and /or one or more Subsidiaries own a controlling interest.

 

(c)            “Applicable
Laws” means all applicable laws, rules, regulations and requirements, including, but not limited to, all applicable U.S.
federal or state laws, any Stock Exchange rules or regulations, and the applicable laws, rules or regulations of any other country
or jurisdiction where Awards are granted under the Plan or Participants reside or provide services, as such laws, rules, and regulations
shall be in effect from time to time.

 

		(d)	“Award” means any award of an Option or a Stock Award under the Plan.

 

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

 

(f)             “Cashless
Exercise” means a program approved by the Administrator in which payment of the Option exercise price or tax withholding
obligations or other required deductions may be satisfied, in whole or in part, with Shares subject to the Option, including by delivery
of an irrevocable direction to a securities broker (on a form prescribed by the Company) to sell Shares and to deliver all or part of
the sale proceeds to the Company in payment of such amount.

 

     

     

    

 

(g)            “Cause” for
termination of a Participant’s Continuous Service Status will exist (unless another definition is provided in an applicable
Option Agreement, Stock Award Agreement, employment agreement or other applicable written agreement) if the
Participant’s Continuous Service Status is terminated for any of the following reasons: (i) any material breach by
Participant of any material written agreement between Participant and the Company and Participant’s failure to cure such
breach within 30 days after receiving written notice thereof; (ii) any failure by Participant to comply with the
Company’s material written policies or rules as they may be in effect from time to time; (iii) neglect or persistent
unsatisfactory performance of Participant’s duties and Participant’s failure to cure such condition within 30 days after
receiving written notice thereof; (iv) Participant’s repeated failure to follow reasonable and lawful instructions from
the Board or Chief Executive Officer and Participant’s failure to cure such condition within 30 days after receiving written
notice thereof; (v) Participant’s conviction of, or plea of guilty or nolo contendre to, any crime that results in, or is
reasonably expected to result in, material harm to the business or reputation of the Company; (vi) Participant’s
commission of or participation in an act of fraud against the Company; (vii) Participant’s intentional material damage to
the Company’s business, property or reputation; or (viii) Participant’s unauthorized use or disclosure of any
proprietary information or trade secrets of the Company or any other party to whom the Participant owes an obligation of
nondisclosure as a result of his or her relationship with the Company. For purposes of clarity, a termination without
 “Cause” does not include any termination that occurs as a result of Participant’s death or disability. The
determination as to whether a Participant’s Continuous Service Status has been terminated for Cause shall be made in good
faith by the Company and shall be final and binding on the Participant. The foregoing definition does not in any way limit the
Company’s ability to terminate a Participant’s employment or consulting relationship at any time, and the term
 “Company” will be interpreted to include any Subsidiary, Parent, Affiliate, or any successor thereto, if
appropriate.

 

(h)            “Change
of Control” means (i) a sale of all or substantially all of the Company’s assets other than to an Excluded Entity
(as defined below), (ii) a merger, consolidation or other capital reorganization or business combination transaction of the Company
with or into another corporation, limited liability company or other entity other than an Excluded Entity, or (iii) the consummation
of a transaction, or series of related transactions, in which any “person” (as such term is used in Sections 13(d) and
14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly
or indirectly, of all of the Company’s then outstanding voting securities.

 

Notwithstanding the foregoing,
a transaction shall not constitute a Change of Control if its purpose is to (A) change the jurisdiction of the Company’s incorporation,
(B) create a holding company that will be owned in substantially the same proportions by the persons who hold the Company’s
securities immediately before such transaction, or (C) obtain funding for the Company in a financing that is approved by the Company’s
Board. An “Excluded Entity” means a corporation or other entity of which the holders of voting capital stock of the
Company outstanding immediately prior to such transaction are the direct or indirect holders of voting securities representing at least
a majority of the votes entitled to be cast by all of such corporation’s or other entity’s voting securities outstanding immediately
after such transaction.

 

		(i)	“Code” means the Internal Revenue Code of 1986, as amended.

 

     

     

    

 

(j)             “Committee”
means one or more committees or subcommittees of the Board consisting of two (2) or more Directors (or such lesser or greater
number of Directors as shall constitute the minimum number permitted by Applicable Laws to establish a committee or sub-committee of the
Board) appointed by the Board to administer the Plan in accordance with Section 4 below.

 

(k)            “Common Stock” means
the Company’s common stock, par value$ 0.001 per share, as adjusted pursuant to Section 10 below.

 

 (l)             “Company” means Transfix, Inc., a Delaware corporation.

 

(m)           “Consultant”
means any person or entity, including an advisor but not an Employee, that renders, or has rendered, services to the Company, or any
Parent, Subsidiary or Affiliate and is compensated for such services, and any Director whether compensated for such services or not.

 

(n)            “Continuous
Service Status” means the absence of any interruption or termination of service as an Employee or Consultant. Continuous
Service Status as an Employee or Consultant shall not be considered interrupted or terminated in the case of: (i) Company approved
sick leave; (ii) military leave; (iii) any other bona fide leave of absence approved by the Company, provided that, if an Employee
is holding an Incentive Stock Option and such leave exceeds 3 months then, for purposes of Incentive Stock Option status only, such Employee’s
service as an Employee shall be deemed terminated on the 1st day following such 3-month period and the Incentive Stock Option shall thereafter
automatically become a Nonstatutory Stock Option in accordance with Applicable Laws, unless reemployment upon the expiration of such leave
is guaranteed by contract or statute, or unless provided otherwise pursuant to a written Company policy. Also, Continuous Service Status
as an Employee or Consultant shall not be considered interrupted or terminated in the case of a transfer between locations of the Company
or between the Company, its Parents, Subsidiaries or Affiliates, or their respective successors, or a change in status from an Employee
to a Consultant or from a Consultant to an Employee.

 

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

 

(p)            “Disability” means
 “disability” within the meaning of Section 22(e)(3) of the Code.

 

(q)            “Employee” means
any person employed by the Company, or any Parent,Subsidiary or Affiliate, with the status of employment determined pursuant to
such factors as are deemed appropriate by the Company in its sole discretion, subject to any requirements of Applicable Laws,
including the Code. The payment by the Company of a director’s fee shall not be sufficient to constitute
 “employment” of such director by the Company or any Parent, Subsidiary or Affiliate.

 

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

 

     

     

    

 

(s)            “Fair
Market Value” means, as of any date, the per share fair market value of the Common Stock, as determined by the Administrator
in good faith on such basis as it deems appropriate and applied consistently with respect to Participants. Whenever possible, the determination
of Fair Market Value shall be based upon the per share closing price for the Shares as reported in The Wall Street Journal for
the applicable date.

 

(t)             “Family
Members” means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece,
nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships)
of the Participant, any person sharing the Participant’s household (other than a tenant or employee), a trust in which these persons
(or the Participant) have more than 50% of the beneficial interest, a foundation in which these persons (or the Participant) control the
management of assets, and any other entity in which these persons (or the Participant) own more than 50% of the voting interests.

 

(u)            “Incentive
Stock Option” means an Option intended to, and which does, in fact, qualify as an incentive stock option within the meaning
of Section 422 of the Code.

 

(v)            “Involuntary
Termination” means (unless another definition is provided in the applicable Option Agreement, Stock Award Agreement, employment
agreement or other applicable written agreement) the termination of a Participant’s Continuous Service Status other than for (i) death,
(ii) Disability or (iii) for Cause by the Company or a Parent, Subsidiary, Affiliate or successor thereto, as appropriate.

 

(w)            “Listed
Security” means any security of the Company that is listed or approved for listing on a national securities exchange or
designated or approved for designation as a national market system security on an interdealer quotation system by the Financial Industry
Regulatory Authority (or any successor thereto).

 

(x)            “Nonstatutory
Stock Option” means an Option that is not intended to, or does not, in fact, qualify as an Incentive Stock Option.

 

		(y)	“Option” means a stock option granted pursuant to the Plan.

 

(z)             “Option
Agreement” means a written document, the form(s) of which shall be approved from time to time by the Administrator,
reflecting the terms of an Option granted under the Plan and includes any documents attached to or incorporated into such Option Agreement,
including, but not limited to, a notice of stock option grant and a form of exercise notice.

 

(aa)         “Option Exchange
Program” means a program approved by the Administrator whereby outstanding Options (i) are exchanged for Options with
a lower exercise price, Stock Awards, cash or other property or (ii) are amended to decrease the exercise price as a result of a
decline in the Fair Market Value.

 

(bb)         “Optioned Stock”
means Shares that are subject to an Option or that were issued pursuant to the exercise of an Option.

 

     

     

    

 

(cc)          “Optionee”
means an Employee or Consultant who receives an Option.

 

(dd)         “Parent”
means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company if, at the time of grant
of the Award, each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of
all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Parent on a date after
the adoption of the Plan shall be considered a Parent commencing as of such date.

 

(ee)          “Participant”
means any holder of one or more Awards or Shares issued pursuant to an Award.

 

(ff)           “Plan”
means this 2019 Stock Plan.

 

(gg)         “Restricted
Stock” means Shares acquired pursuant to a right to purchase or receive Common Stock granted pursuant to Section 8
below.

 

(hh)         “Rule 16b-3”
means Rule 16b-3 promulgated under the Exchange Act, as amended from time to time, or any successor provision.

 

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

 

(jj)            “Share”
means a share of Common Stock, as adjusted in accordance with Section 10 below.

 

(kk)          “Stock Award”
means an award granted under Section 8 below. A Stock Award may include: (i) Restricted Stock, stock bonuses, performance
stock, stock units, phantom stock, dividend equivalents, or similar rights to purchase or acquire shares of Common Stock, whether at a
fixed or variable price or ratio related to the Common Stock, upon the passage of time, the occurrence of one or more events, or the satisfaction
of performance criteria or other conditions, or any combination thereof; or (ii) any similar securities with a value derived from
the value of or related to the Common Stock and/or returns thereon.

 

(ll)           “Stock Award
Agreement” means a written document, the form(s) of which shall be approved from time to time by the Administrator,
reflecting the terms of Restricted Stock or any other Stock Award granted under the Plan, and includes any documents attached to such
agreement.

 

(mm)       “Stock Exchange”
means any stock exchange or consolidated stock price reporting system on which prices for the Common Stock are quoted at any given
time.

 

(nn)         “Subsidiary”
means any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company if, at the time of
grant of the Award, each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of
the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the
status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date.

 

     

     

    

 

(oo)         “Ten Percent
Holder” means a person who owns stock representing more than 10% of the voting power of all classes of stock of the Company
or any Parent or Subsidiary measured as of an Award’s date of grant.

 

3.              Stock
Subject to the Plan. Subject to the provisions of Section 10 below, the maximum aggregate number of Shares that may be issued
under the Plan is 5,820,972 Shares, all of which Shares may be issued under the Plan pursuant to Incentive Stock Options. The Shares issued
under the Plan may be authorized, but unissued, or reacquired Shares. If an Award should expire or become unexercisable for any reason
without having been exercised in full, or is surrendered pursuant to an Option Exchange Program, the unissued Shares that were subject
thereto shall, unless the Plan shall have been terminated, continue to be available under the Plan for issuance pursuant to future Awards.
In addition, any Shares which are retained by the Company upon exercise of an Award in order to satisfy the exercise or purchase price
for such Award or any withholding taxes due with respect to such Award shall be treated as not issued and shall continue to be available
under the Plan for issuance pursuant to future Awards. Shares issued under the Plan and later forfeited to the Company due to the failure
to vest or repurchased by the Company at the original purchase price paid to the Company for the Shares (including, without limitation,
upon forfeiture to or repurchase by the Company in connection with the termination of a Participant’s Continuous Service Status)
shall again be available for future grant under the Plan. Notwithstanding the foregoing, subject to the provisions of Section 10
below, in no event shall the maximum aggregate number of Shares that may be issued under the Plan pursuant to Incentive Stock Options
exceed the number set forth in the first sentence of this Section 3 plus, to the extent allowable under Section 422 of the Code
and the Treasury Regulations promulgated there under, any Shares that again become available for issuance pursuant to the remaining provisions
of this Section 3.

 

		4.	Administration of the Plan.

 

(a)             General.
The Plan shall be administered by the Board, a Committee appointed by the Board, or any combination thereof, as determined by the
Board. The Plan may be administered by different administrative bodies with respect to different classes of Participants and, if permitted
by Applicable Laws, the Board may authorize one or more officers of the Company to make Awards under the Plan to Employees and Consultants
(who are not subject to Section 16 of the Exchange Act) within parameters specified by the Board.

 

(b)            Committee
Composition. If a Committee has been appointed pursuant to this Section 4, such Committee shall continue to serve in its
designated capacity until otherwise directed by the Board. From time to time the Board may increase the size of any Committee and appoint
additional members thereof, remove members (with or without cause) and appoint new members in substitution therefor, fill vacancies (however
caused) and dissolve a Committee and thereafter directly administer the Plan, all to the extent permitted by Applicable Laws and, in the
case of a Committee administering the Plan in accordance with the requirements of Rule 16b3 or Section 162(m) of the Code,
to the extent permitted or required by such provisions.

 

     

     

    

 

(c)             Powers
of the Administrator. Subject to the provisions of the Plan and, in the case of a Committee, the specific duties delegated by
the Board to such Committee, the Administrator shall have the authority, in its sole discretion:

 

(i)              to
determine the Fair Market Value in accordance with Section 2(t) above, provided that such determination shall be applied consistently
with respect to Participants under the Plan;

 

(ii)             to
select the Employees and Consultants to whom Awards may from time to time be granted;

 

 (iii)            to determine the number of Shares to be covered by each Award;

 

(iv)            to
approve the form(s) of agreement(s) and other related documents used under the Plan;

 

(v)             to
determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder, which terms and conditions
include but are not limited to any applicable exercise or purchase price, the time or times when Awards may vest and/or be exercised (which
may be based on performance criteria, or a determination that the Award is fully vested and/or exercisable at grant), the circumstances
(if any) when vesting will be accelerated or forfeiture restrictions will be waived, and any restriction or limitation regarding any Award,
Optioned Stock, or Restricted Stock;

 

(vi)            to
amend any outstanding Award or agreement related to any Optioned Stock or Restricted Stock or other Shares issued pursuant to an Award,
including any amendment adjusting vesting (e.g., in connection with a change in the terms or conditions under which such person is providing
services to the Company), provided that no amendment shall be made that would materially and adversely affect the rights of any Participant
without his or her consent;

 

(vii)           to
determine whether and under what circumstances an Option may be settled in cash under Section 7(c)(iii) below instead of Common
Stock;

 

(viii)          subject
to Applicable Laws, to implement an Option Exchange Program and establish the terms and conditions of such Option Exchange Program without
consent of the holders of capital stock of the Company, provided that no amendment or adjustment to an Option that would materially and
adversely affect the rights of any Participant shall be made without his or her consent;

 

(ix)             to
approve addenda pursuant to Section 18 below or to grant Awards to, or to modify the terms of, any outstanding Option Agreement
or Stock Award Agreement or any agreement related to any Optioned Stock or Restricted Stock or other Shares issued pursuant to an
Award held by Participants who are foreign nationals or employed outside of the United States with such terms and conditions as the
Administrator deems necessary or appropriate to accommodate differences in local law, tax policy or custom which deviate from the
terms and conditions set forth in this Plan to the extent necessary or appropriate to accommodate such differences; and

 

     

     

    

 

(x)              to
construe and interpret the terms of the Plan, any Option Agreement or Stock Award Agreement, and any agreement related to any Optioned
Stock or Restricted Stock or other Shares issued pursuant to an Award, which constructions, interpretations and decisions shall be final
and binding on all Participants.

 

(d)           Indemnification. To
the maximum extent permitted by Applicable Laws, each member of the Committee (including officers of the Company, if applicable), or
of the Board, as applicable, shall be indemnified and held harmless by the Company against and from (i) any loss, cost,
liability, or expense that may be imposed upon or reasonably incurred by him or her in connection with or resulting from any claim,
action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or
failure to act under the Plan or pursuant to the terms and conditions of any Award except for actions taken in bad faith or failures
to act in bad faith, and (ii) any and all amounts paid by him or her in settlement thereof, with the Company’s approval,
or paid by him or her in satisfaction of any judgment in any such claim, action, suit, or proceeding against him or her, provided
that such member shall give the Company an opportunity, at its own expense, to handle and defend any such claim, action, suit or
proceeding before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification
shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s
Certificate of Incorporation or Bylaws, by contract, as a matter of law, or otherwise, or under any other power that the Company may
have to indemnify or hold harmless each such person.

 

		5.	Eligibility.

 

(a)           Recipients
of Grants. In addition to the eligibility requirements set forth in Section 1 hereof, Nonstatutory Stock Options and Stock
Awards may be granted to Employees and Consultants, and Incentive Stock Options may be granted only to Employees, provided that Employees
of Affiliates shall not be eligible to receive Incentive Stock Options.

 

(b)           Type
of Option. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock
Option.

 

(c)           ISO
$100,000 Limitation. Notwithstanding any designation under Section 5(b) above, to the extent that the aggregate
Fair Market Value of Shares with respect to which options designated as incentive stock options are exercisable for the first time
by any Optionee during any calendar year (under all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess
options shall be treated as nonstatutory stock options. For purposes of this Section 5(c), incentive stock options shall be
taken into account in the order in which they were granted, and the Fair Market Value of the Shares subject to an incentive stock
option shall be determined as of the date of the grant of such option.

 

(d)           No
Employment Rights. Neither the Plan nor any Award shall confer upon any Employee or Consultant any right with respect to
continuation of an employment or consulting relationship with the Company (any Parent, Subsidiary or Affiliate), nor shall it interfere
in any way with such Employee’s or Consultant’s right or the Company’s (Parent’s, Subsidiary’s or
Affiliate’s) right to terminate his or her employment or consulting relationship at any time, with or without cause.

 

     

     

    

 

6.              Term
of Plan. The Plan shall become effective upon its adoption by the Board and shall continue in effect for a term of 10 years unless
sooner terminated under Section 14 below.

 

		7.	Options.

 

(a)             Term
of Option. The term of each Option shall be the term stated in the Option Agreement; provided that the term shall be no more than
10 years from the date of grant thereof or such shorter term as may be provided in the Option Agreement and provided further that, in
the case of an Incentive Stock Option granted to a person who at the time of such grant is a Ten Percent Holder, the term of the Option
shall be 5 years from the date of grant thereof or such shorter term as may be provided in the Option Agreement.

 

		(b)	Option Exercise Price and Consideration.

 

(i)              Exercise
Price. The per Share exercise price for the Shares to be issued pursuant to the exercise of an Option shall be such price as is
determined by the Administrator and set forth in the Option Agreement, but shall be subject to the following:

 

		(1)	In the case of an Incentive Stock Option

 

a.             granted
to an Employee who at the time of grant is a Ten Percent Holder, the per Share exercise price shall be no less than 110% of the Fair Market
Value on the date of grant;

 

b.             granted
to any other Employee, the per Share exercise price shall be no less than 100% of the Fair Market Value on the date of grant;

 

(2)            Except
as provided in subsection (3) below, in the case of a Nonstatutory Stock Option the per Share exercise price shall be such price
as is determined by the Administrator, provided that, if the per Share exercise price is less than 100% of the Fair Market Value on the
date of grant, it shall otherwise comply with all Applicable Laws, including Section 409A of the Code; and

 

(3)            Notwithstanding
the foregoing, Options may be granted with a per Share exercise price other than as required above pursuant to a merger or other corporate
transaction.

 

     

     

    

 

(ii)             Permissible
Consideration. The consideration to be paid for the Shares to be issued upon exercise of an Option, including the method of
payment, shall be determined by the Administrator (and, in the case of an Incentive Stock Option and to the extent required by
Applicable Laws, shall be determined at the time of grant) and may consist entirely of (1) cash; (2) check; (3) to
the extent permitted under, and in accordance with, Applicable Laws, delivery of a promissory note with such recourse, interest,
security and redemption provisions as the Administrator determines to be appropriate (subject to the provisions of
Section 152 of the Delaware General Corporation Law); (4) cancellation of indebtedness; (5) other previously owned
Shares that have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which the
Option is exercised; (6) a Cashless Exercise; (7) such other consideration and method of payment permitted under
Applicable Laws; or (8) any combination of the foregoing methods of payment. In making its determination as to the type of
consideration to accept, the Administrator shall consider if acceptance of such consideration may be reasonably expected to benefit
the Company and the Administrator may, in its sole discretion, refuse to accept a particular form of consideration at the time of
any Option exercise.

 

		(c)	Exercise of Option.

 

		(i)	General.

 

(1)           Exercisability.
Any Option granted hereunder shall be exercisable at such times and under such conditions as determined by the Administrator, consistent
with the terms of the Plan and reflected in the Option Agreement, including vesting requirements and/or performance criteria with respect
to the Company, and Parent, Subsidiary or Affiliate, and/or the Optionee.

 

(2)           Leave
of Absence. The Administrator shall have the discretion to determine at any time whether and to what extent the vesting of Options
shall be tolled during any leave of absence; provided, however, that in the absence of such determination, vesting of Options shall continue
during any paid leave and shall be tolled during any unpaid leave (unless otherwise required by Applicable Laws). Notwithstanding the
foregoing, in the event of military leave, vesting shall toll during any unpaid portion of such leave, provided that, upon an Optionee’s
returning from military leave (under conditions that would entitle him or her to protection upon such return under the Uniform Services
Employment and Reemployment Rights Act), he or she shall be given vesting credit with respect to Options to the same extent as would have
applied had the Optionee continued to provide services to the Company (or any Parent, Subsidiary or Affiliate, if applicable) throughout
the leave on the same terms as he or she was providing services immediately prior to such leave.

 

(3)           Minimum
Exercise Requirements. An Option may not be exercised for a fraction of a Share. The Administrator may require that an Option
be exercised as to a minimum number of Shares, provided that such requirement shall not prevent an Optionee from exercising the full number
of Shares as to which the Option is then exercisable.

 

(4)           Procedures
for and Results of Exercise. An Option shall be deemed exercised when written notice of such exercise has been received by
the Company in accordance with the terms of the Option Agreement by the person entitled to exercise the Option and the Company has
received full payment for the Shares with respect to which the Option is exercised and has paid, or made arrangements to satisfy,
any applicable taxes, withholding, required deductions or other required payments in accordance with Section 9 below. The
exercise of an Option shall result in a decrease in the number of Shares that thereafter may be available, both for purposes
of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised.

 

     

     

    

 

(5)            Rights
as Holder of Capital Stock. Until the issuance of the Shares (as evidenced by the appropriate entry on the books of the Company
or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a holder of capital
stock shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. No adjustment will be made for a dividend
or other right for which the record date is prior to the date the stock is issued, except as provided in Section 10 below.

 

(ii)             Termination
of Continuous Service Status. The Administrator shall establish and set forth in the applicable Option Agreement the terms and
conditions upon which an Option shall remain exercisable, if at all, following termination of an Optionee’s Continuous Service Status,
which provisions may be waived or modified by the Administrator at any time. To the extent that an Option Agreement does not specify the
terms and conditions upon which an Option shall terminate upon termination of an Optionee’s Continuous Service Status, the following
provisions shall apply:

 

(1)            General
Provisions. If the Optionee (or other person entitled to exercise the Option) does not exercise the Option to the extent so entitled
within the time specified below, the Option shall terminate and the Optioned Stock underlying the unexercised portion of the Option shall
revert to the Plan. In no event may any Option be exercised after the expiration of the Option term as set forth in the Option Agreement
(and subject to this Section 7).

 

(2)            Termination
other than Upon Disability or Death or for Cause. In the event of termination of an Optionee’s Continuous Service Status
other than under the circumstances set forth in the subsections (3) through (5) below, such Optionee may exercise any outstanding
Option at any time within 3 months following such termination to the extent the Optionee is vested in the Optioned Stock.

 

(3)            Disability
of Optionee. In the event of termination of an Optionee’s Continuous Service Status as a result of his or her Disability,
such Optionee may exercise any outstanding Option at any time within 12 months following such termination to the extent the Optionee is
vested in the Optioned Stock.

 

(4)            Death
of Optionee. In the event of the death of an Optionee during the period of Continuous Service Status since the date of grant of
any outstanding Option, or within 3 months following termination of the Optionee’s Continuous Service Status, the Option may be
exercised by any beneficiaries designated in accordance with Section 16 below, or if there are no such beneficiaries, by the Optionee’s
estate, or by a person who acquired the right to exercise the Option by bequest or inheritance, at any time within 12 months following
the date the Optionee’s Continuous Service Status terminated, but only to the extent the Optionee is vested in the Optioned Stock.

 

     

     

    

 

(5)            Termination
for Cause. In the event of termination of an Optionee’s Continuous Service Status for Cause, any outstanding Option
(including any vested portion thereof) held by such Optionee shall immediately terminate in its entirety upon first
notification to the Optionee of termination of the Optionee’s Continuous Service Status for Cause. If an Optionee’s
Continuous Service Status is suspended pending an investigation of whether the Optionee’s Continuous Service Status will be
terminated for Cause, all the Optionee’s rights under any Option, including the right to exercise the Option, shall be
suspended during the investigation period. Nothing in this Section 7(c)(ii)(5) shall in any way limit the Company’s
right to purchase unvested Shares issued upon exercise of an Option as set forth in the applicable Option Agreement.

 

(iii)           Buyout
Provisions. The Administrator may at any time offer to buy out for a payment in cash or Shares an Option previously granted under
the Plan based on such terms and conditions as the Administrator shall establish and communicate to the Optionee at the time that such
offer is made.

 

		8.	Stock Awards.

 

(a)             Rights
to Purchase Restricted Stock. When a right to purchase or receive Restricted Stock is granted under the Plan, the Company shall
advise the recipient in writing of the terms, conditions and restrictions related to the offer, including the number of Shares that such
person shall be entitled to purchase, the price to be paid, if any (which shall be as determined by the Administrator, subject to Applicable
Laws, including any applicable securities laws), and the time within which such person must accept such offer. The permissible consideration
for Restricted Stock shall be determined by the Administrator and shall be the same as is set forth in Section 7(b)(ii) above
with respect to exercise of Options. The offer to purchase Shares shall be accepted by execution of a Stock Award Agreement in the form
determined by the Administrator.

 

		(b)	Repurchase Option for Restricted Stock.

 

(i)              General.
Unless the Administrator determines otherwise, the Stock Award Agreement evidencing an Award of Restricted Stock hereunder shall grant
the Company a repurchase option exercisable upon the voluntary or involuntary termination of the Participant’s Continuous Service
Status for any reason (including death or Disability) at a purchase price for Shares equal to the original purchase price paid by the
purchaser to the Company for such Shares and may be paid by cancellation of any indebtedness of the purchaser to the Company. The repurchase
option shall lapse at such rate as the Administrator may determine.

 

(ii)             Leave
of Absence. The Administrator shall have the discretion to determine at any time whether and to what extent the lapsing of
Company repurchase rights shall be tolled during any leave of absence; provided, however, that in the absence of such determination,
such lapsing shall continue during any paid leave and shall be tolled during any unpaid leave (unless otherwise required by
Applicable Laws). Notwithstanding the foregoing, in the event of military leave, the lapsing of Company repurchase rights shall toll
during any unpaid portion of such leave, provided that, upon a Participant’s returning from military leave (under conditions
that would entitle him or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he
or she shall be given vesting credit with respect to Shares purchased pursuant to the applicable Stock Award Agreement to the
same extent as would have applied had the Participant continued to provide services to the Company (or any Parent, Subsidiary or
Affiliate, if applicable) throughout the leave on the same terms as he or she was providing services immediately prior to such
leave.

 

     

     

    

 

(c)             Other
Provisions. Each Stock Award Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan
as may be determined by the Administrator in its sole discretion. In addition, the provisions of Stock Award Agreements need not be the
same with respect to each Participant. Payment of Stock Awards (other than Restricted Stock) may be in the form of cash, shares of Common
Stock, other Awards or combinations thereof as the Administrator shall determine, and with such restrictions as it may impose. The Administrator
may also require or permit Participants to elect to defer the issuance of Shares or the settlement of such Stock Awards in cash under
such rules and procedures as it may establish under this Plan. The Administrator may also provide that deferred settlements include
the payment or crediting of interest or other earnings on the deferral amounts, or the payment or crediting of dividend equivalents where
the deferred amounts are denominated in Shares.

 

(d)             Rights
as a Holder of Capital Stock. Once Shares are purchased or acquired by a Participant pursuant to a Stock Award, the Participant
shall have the rights equivalent to those of a holder of capital stock, and shall be a record holder when his or her purchase and the
issuance of the Shares is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for
a dividend or other right for which the record date is prior to the date the Shares are purchased or acquired pursuant to the applicable
Stock Award, except as provided in Section 10 below.

 

		9.	Taxes.

 

(a)             As
a condition of the grant, vesting and exercise of an Award, the Participant (or in the case of the Participant’s death or a permitted
transferee, the person holding or exercising the Award) shall make such arrangements as the Administrator may require for the satisfaction
of any applicable U.S. federal, state, local or foreign tax, withholding, and any other required deductions or payments that may arise
in connection with such Award. The Company shall not be required to issue any Shares under the Plan until such obligations are satisfied.

 

(b)             The
Administrator may, to the extent permitted under Applicable Laws, permit a Participant (or in the case of the Participant’s
death or a permitted transferee, the person holding or exercising the Award) to satisfy all or part of his or her tax, withholding,
or any other required deductions or payments by Cashless Exercise or by surrendering Shares (either directly or by stock
attestation) that he or she previously acquired; provided that, unless specifically permitted by the Company, any such Cashless
Exercise must be an approved broker-assisted Cashless Exercise or the Shares withheld in the Cashless Exercise must be limited to
avoid financial accounting charges under applicable accounting guidance and any such surrendered Shares must have been previously
held for any minimum duration required to avoid financial accounting charges under applicable accounting guidance. Any payment of
taxes by surrendering Shares to the Company may be subject to restrictions, including, but not limited to, any restrictions
required by rules of the Securities and Exchange Commission.

 

     

     

    

 

10.             Adjustments
Upon Changes in Capitalization, Merger or Certain Other Transactions.

 

(a)             Changes
in Capitalization. Subject to any action required under Applicable Laws by the holders of capital stock of the Company,
(i) the numbers and class of Shares or other stock or securities: (x) available for future Awards under Section 3
above and (y) covered by each outstanding Award, (ii) the exercise price per Share of each
such outstanding Option, and (iii) any repurchase price per Share applicable to Shares issued pursuant to any Award, shall be
automatically proportionately adjusted in the event of a stock split, reverse stock split, stock dividend, combination,
consolidation, reclassification of the Shares or subdivision of the Shares. In the event of any increase or decrease in the number
of issued Shares effected without receipt of consideration by the Company, a declaration of an extraordinary dividend with respect
to the Shares payable in a form other than Shares in an amount that has a material effect on the Fair Market Value, a
recapitalization (including a recapitalization through a large nonrecurring cash dividend), a rights offering, a reorganization,
merger, a spin-off, split-up, change in corporate structure or a similar occurrence, the Administrator shall make appropriate
adjustments, in its discretion, in one or more of (i) the numbers and class of Shares or other stock or securities:
(x) available for future Awards under Section 3 above and (y) covered by each outstanding Award, (ii) the
exercise price per Share of each outstanding Option and (iii) any repurchase price per Share applicable to Shares issued
pursuant to any Award, and any such adjustment by the Administrator shall be made in the Administrator’s sole and absolute
discretion and shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of
stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof
shall be made with respect to, the number or price of Shares subject to an Award. If, by reason of a transaction described in this
Section 10(a) or an adjustment pursuant to this Section 10(a), a Participant’s Award agreement or agreement
related to any Optioned Stock or Restricted Stock covers additional or different shares of stock or securities, then such additional
or different shares, and the Award agreement or agreement related to the Optioned Stock or Restricted Stock in respect thereof,
shall be subject to all of the terms, conditions and restrictions which were applicable to the Award, Optioned Stock and Restricted
Stock prior to such adjustment.

 

(b)             Dissolution
or Liquidation. In the event of the dissolution or liquidation of the Company, each Award will terminate immediately prior to
the consummation of such action, unless otherwise determined by the Administrator.

 

(c)             Corporate
Transactions. In the event of (i) a transfer of all or substantially all of the Company’s assets, (ii) a
merger, consolidation or other capital reorganization or business combination transaction of the Company with or into another
corporation, entity or person, or (iii) the consummation of a transaction, or series of related transactions, in which any
 “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial
owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of more than 50% of the Company’s
then outstanding capital stock (a “Corporate Transaction”), each outstanding Award (vested or unvested) will be
treated as the Administrator determines, which determination may be made without the consent of any Participant and need not
treat all outstanding Awards (or portion thereof) in an identical manner. Such determination, without the consent of any
Participant, may provide (without limitation) for one or more of the following in the event of a Corporate Transaction: (A) the
continuation of such outstanding Awards by the Company (if the Company is the surviving corporation); (B) the assumption of
such outstanding Awards by the surviving corporation or its parent; (C) the substitution by the surviving corporation or its
parent of new options or equity awards for such Awards; (D) the cancellation of such Awards in exchange for a payment to the
Participants equal to the excess of (1) the Fair Market Value of the Shares subject to such Awards as of the closing date of
such Corporate Transaction over (2) the exercise price or purchase price paid or to be paid for the Shares subject to the
Awards; or (E) the cancellation of any outstanding Option, any outstanding right to purchase Restricted Stock, and/or any other
outstanding Stock Award, in each case, for no consideration.

 

     

     

    

 

		11.	Non-Transferability of Awards.

 

(a)             General.
Except as set forth in this Section 11, Awards may not be sold, pledged, assigned, hypothecated, transferred or disposed of in
any manner other than by will or by the laws of descent or distribution. The designation of a beneficiary by a Participant will not constitute
a transfer. An Option may be exercised, during the lifetime of the holder of the Option, only by such holder or a transferee permitted
by this Section 11.

 

(b)             Limited
Transferability Rights. Notwithstanding anything else in this Section 11, the Administrator may in its sole discretion
provide that any Nonstatutory Stock Options may be transferred by instrument to an inter vivos or testamentary trust in which the
Options are to be passed to beneficiaries upon the death of the trustor (settlor) or by gift to Family Members. Further, beginning
with (i) the period when the Company begins to rely on the exemption described in Rule 12h-1(f)(1) promulgated under
the Exchange Act, as determined by the Board in its sole discretion, and (ii) ending on the earlier of (A) the date when
the Company ceases to rely on such exemption, as determined by the Board in its sole discretion, or (B) the date when the
Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, an Option, or prior to
exercise, the Shares subject to the Option, may not be pledged, hypothecated or otherwise transferred or disposed of, in any manner,
including by entering into any short position, any “put equivalent position” or any “call equivalent
position” (as defined in Rule 16a-1(h) and Rule 16a-1(b) of the Exchange Act, respectively), other than to (i) persons
who are Family Members through gifts or domestic relations orders, or (ii) to an executor or guardian of the Participant upon
the death or disability of the Participant. Notwithstanding the foregoing sentence, the Board, in its sole discretion, may permit
transfers of Nonstatutory Stock Options to the Company or in connection with a Change of Control or other acquisition transactions
involving the Company to the extent permitted by Rule 12h-1(f).

 

		12.	Non-Transferability of Stock Underlying Awards.

 

(a)             General. Notwithstanding
anything to the contrary, no stockholder shall transfer, whether by sale, gift or otherwise, any Shares acquired from any Award
(including, without limitation, Shares acquired upon exercise of an Option) to any person or entity unless such transfer is approved
by the Company prior to such transfer, which approval may be granted or withheld in the Company’s sole and absolute
discretion. Any purported transfer effected in violation of this Section 12 shall be null and void and shall have no force or
effect and the Company shall not be required (i) to transfer on its books any Shares that have been sold or otherwise
transferred in violation of any of the provisions of the Plan or (ii) to treat as owner of such Shares or to accord the right
to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred.

 

     

     

    

 

(b)             Approval
Process. Any stockholder seeking the approval of the Board to transfer some or all of its Shares shall give written notice thereof
to the Secretary of the Company and such request for transfer shall be subject to such right of first refusal, transfer provisions and
any other terms and conditions as may be set forth in the applicable Option Agreement, Stock Award Agreement or other applicable written
agreement.

 

13.             Time
of Granting Awards. The date of grant of an Award shall, for all purposes, be the date on which the Administrator makes the determination
granting such Award, or such other date as is determined by the Administrator.

 

14.             Amendment
and Termination of the Plan. The Board may at any time amend or terminate the Plan, but no amendment or termination shall be made
that would materially and adversely affect the rights of any Participant under any outstanding Award, without his or her consent. In addition,
to the extent necessary and desirable to comply with Applicable Laws, the Company shall obtain the approval of holders of capital stock
with respect to any Plan amendment in such a manner and to such a degree as required.

 

15.             Conditions
Upon Issuance of Shares. Notwithstanding any other provision of the Plan or any agreement entered into by the Company pursuant
to the Plan, the Company shall not be obligated, and shall have no liability for failure, to issue or deliver any Shares under the Plan
unless such issuance or delivery would comply with Applicable Laws, with such compliance determined by the Company in consultation with
its legal counsel. As a condition to the exercise of any Option or any other purchase or acquisition of Shares pursuant to an Award hereunder,
the Company may require the person exercising the Option or otherwise purchasing or acquiring Shares pursuant to an Award to represent
and warrant at the time of any such exercise or purchase that the Shares are being purchased only for investment and without any present
intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is advisable or required
by Applicable Laws. Shares issued upon exercise of Options or other purchase or acquisition of Shares pursuant to an Award hereunder prior
to the date, if ever, on which the Common Stock becomes a Listed Security shall be subject to a right of first refusal in favor of the
Company pursuant to which the Participant will be required to offer Shares to the Company before selling or transferring them to any third
party on such terms and subject to such conditions as are reflected in the applicable Option Agreement or Stock Award Agreement.

 

16.             Beneficiaries. If
permitted by the Company, a Participant may designate one or more beneficiaries with respect to an Award by timely filing the
prescribed form with the Company. A beneficiary designation may be changed by filing the prescribed form with the Company at any
time before the Participant’s death. Except as otherwise provided in an Award Agreement, if no beneficiary was designated or
if no designated beneficiary survives the Participant, then after a Participant’s death any vested Award(s) shall
be transferred or distributed to the Participant’s estate or to any person who has the right to acquire the Award by bequest
or inheritance.

 

     

     

    

 

17.             Approval
of Holders of Capital Stock. If required by Applicable Laws, continuance of the Plan shall be subject to approval by the holders
of capital stock of the Company within 12 months before or after the date the Plan is adopted or, to the extent required by Applicable
Laws, any date the Plan is amended. Such approval shall be obtained in the manner and to the degree required under Applicable Laws.

 

18.             Addenda.
The Administrator may approve such addenda to the Plan as it may consider necessary or appropriate for the purpose of granting Awards
to Employees or Consultants, which Awards may contain such terms and conditions as the Administrator deems necessary or appropriate to
accommodate differences in local law, tax policy or custom, which may deviate from the terms and conditions set forth in this Plan. The
terms of any such addenda shall supersede the terms of the Plan to the extent necessary to accommodate such differences but shall not
otherwise affect the terms of the Plan as in effect for any other purpose.

 

19.             Information
to Holders of Options. In the event the Company is relying on the exemption provided by Rule 12h-1(f) under the Exchange
Act, the Company shall provide the information described in Rule 701(e)(3), (4) and (5) of the Securities Act to all holders
of Options in accordance with the requirements thereunder until such time as the Company becomes subject to the reporting requirements
of Section 13 or 15(d) of the Exchange Act. The Company may request that holders of Options agree to keep the information to
be provided pursuant to this Section confidential. If the holder does not agree to keep the information to be provided pursuant to
this Section confidential, then the Company will not be required to provide the information unless otherwise required pursuant to
Rule 12h-1(f)(1) of the Exchange Act.Exhibit 10.18

 

TRANSFIX, INC.

 

2019 STOCK PLAN

 

NOTICE OF RESTRICTED STOCK UNIT GRANT

 

Name of Award Recipient: [See Carta]

 

You
have been granted an award (the “Award”) of restricted stock units (“RSUs”)
under the Transfix, Inc. 2019 Stock Plan, as amended (the “Plan”),
with respect to shares of Common Stock of Transfix, Inc., a Delaware corporation (the “Company”),
as set forth below. Unless otherwise defined in this Notice, the terms used in this Notice shall have the meanings defined in the Plan
or the RSUA (as defined below).

 

	 	Date of Grant:	 	[See Carta]
	 	 	 	 
	 	Total Number of RSUs:	 	[See Carta]
	 	 	 	 
	 	Vesting Schedule:	 	The RSUs subject to the Award will be considered vested only if and to the extent that both (i) the Time-Based Vesting Schedule set forth below is satisfied and (ii) a Liquidity Event (as defined below) occurs on or before the seventh (7th) anniversary of the Date of Grant (the “Expiration Date”).
	 	 	 	 
	 	 	 	Time-Based Vesting. The Award shall be subject to the vesting schedule set forth in this paragraph (the “Time-Based Vesting Schedule”). See Carta for the time-based vesting date(s) applicable to the Award and the portion of the Award scheduled, subject to your Continuous Service Status through such date, to satisfy the Time-Based Vesting Schedule on such date(s).
	 	 	 	 
	 	 	 	Liquidity-Event Vesting. Notwithstanding any other provision herein or in the Plan, no portion of the Award shall be considered vested unless either (x) a Change of Control or (y) an initial public offering of the Company’s securities registered under the Securities Act of 1933, as amended (the “Securities Act,” and the first to occur of (x) or (y), a “Liquidity Event”) occurs on or before the Expiration Date. If a Liquidity Event does not occur on or before the Expiration Date, the Award (to the extent then outstanding and without regard to whether the Time-Based Vesting Schedule has been satisfied) will terminate and be cancelled on the Expiration Date. If a Liquidity Event occurs prior to the Expiration Date and your Continuous Service Status has not terminated before the date of the Liquidity Event, the portion of the Award that would have been vested on such date pursuant to the Time-Based Vesting Schedule shall vest on such date, and the remaining portion of the Award (if any) shall vest in accordance with the remainder of the Time-Based Vesting Schedule (subject in each case to your Continuous Service Status not being terminated before the applicable time-based vesting date in the Time-Based Vesting Schedule).

 

     

     

    

 

	 	Termination of Continuous Service Status Before Liquidity Event:	 	If your Continuous Service Status terminates for any reason prior to a Liquidity Event (whether with or without cause, voluntarily or involuntarily), (i) the portion of the Award as to which the Time-Based Vesting Schedule has not been satisfied as of the termination of your Continuous Service Status shall terminate and be cancelled on the date such Continuous Service Status terminates, and (ii) the portion of the Award as to which the Time-Based Vesting Schedule has been satisfied as of the termination of your Continuous Service Status will remain outstanding and eligible to vest upon any Liquidity Event that occurs prior to the Expiration Date.
	 	 	 	 
	 	Transferability:	 	You may not transfer this Award except as set out in Section 7 of the Restricted Stock Unit Agreement (the “RSUA”). You must obtain Company approval prior to any transfer of this Award or the RSUs subject to this Award.

 

By your signature and the
signature of the Company’s representative below, you and the Company agree that this Award is granted under and governed by, and
you and the Company are bound by, the terms and conditions of this Notice, as well as the Plan and the RSUA, both of which are attached
to and made a part of this Notice. Please note that awards may only be granted under the 2019 Stock Plan to individuals who are “accredited
investors” (within the meaning of Rule 501 promulgated under the Securities Act) on the date of grant of the award. You
hereby confirm that you qualify as such an accredited investor on the Date of Grant.

 

In addition, you agree and
acknowledge that your rights to any Shares underlying this Award will be earned as you provide services to the Company over time, and
that nothing in this Notice or the attached documents confers upon you any right to continue your employment or consulting relationship
with the Company for any period of time, nor does it interfere in any way with your right or the Company’s right to terminate that
relationship at any time, for any reason, with or without cause. You should consult with your own tax advisor concerning the tax consequences
of this Award and any shares or other payment you may receive pursuant to this Award. For purposes of this paragraph, the term “Company”
will be interpreted to include any Parent, Subsidiary or Affiliate.

 

    -2-

     

    

 

	THE COMPANY:	 
	 	 
	 	TRANSFIX, INC.
	 	 
	By:	 
	 	 
	 	(Signature)
	 	 
	Name:	 
	Title:	 
	 	 
	GRANTEE:	 
	 	 
	 	[See Carta]
	 	 
	Address:	 
	 	 
	 	-

 

    -3-

     

    

 

TRANSFIX, INC.

 

2019 STOCK PLAN

 

RESTRICTED STOCK UNIT AGREEMENT

 

1.              Grant
of Award. Transfix, Inc., a Delaware corporation (the “Company”),
hereby grants to the person (“Grantee”) named
in the Notice of Restricted Stock Unit Grant (the “Notice”),
an award (the “Award”) of a number of restricted
stock units (“RSUs”) with respect to shares
of the Company’s Common Stock as set forth in the Notice, subject to the terms, definitions and provisions of the Transfix, Inc.
2019 Stock Plan, as amended (the “Plan”), adopted
by the Company, which is incorporated in this Restricted Stock Unit Agreement (this “Agreement”)
by reference. Unless otherwise defined in this Agreement, the terms used in this Agreement or the Notice shall have the meanings defined
in the Plan.

 

2.              Vesting
of Award. This Award shall vest and be payable in accordance with the Vesting Schedule set out in the Notice.

 

3.              No
Employment Rights. Nothing in this Agreement shall affect in any manner whatsoever the right or power of the Company, or a parent,
subsidiary or affiliate of the Company, to terminate Grantee’s employment or consulting relationship, for any reason, with or without
cause.

 

4.              Termination
of Relationship. This Award and the RSUs subject hereto, to the extent then outstanding and unvested, shall terminate and be cancelled
on the date of termination of Grantee’s Continuous Service Status for any reason (the “Termination
Date”) to the extent provided in the Notice. If the Grantee is entitled to accelerated vesting of equity awards in
connection with a termination of the Grantee’s Continuous Service Status pursuant to a written employment agreement with the Company,
such acceleration of vesting shall, notwithstanding anything to the contrary in such employment agreement, (i) apply with respect
to the Time-Based Vesting Schedule applicable to the RSUs (to the extent the RSUs are to accelerate pursuant to such employment agreement
in connection with such termination of the Grantee’s Continuous Service Status, and subject to the Grantee satisfying any release
or other applicable conditions to such acceleration), and (ii) shall not apply as to the Liquidity Event vesting condition (which
Liquidity Event vesting condition, and related forfeiture risk, shall continue to apply to the RSUs as set forth in the Notice to the
extent the Liquidity Event vesting condition was not satisfied prior to such termination of the Grantee’s Continuous Service Status).
If any RSUs are cancelled hereunder or under the Notice, such cancellation shall occur automatically as of the date of such cancellation,
without payment of any consideration by the Company and without any other action by Grantee, or Grantee’s beneficiary or personal
representative, as the case may be.

 

5.              No
Stockholder Rights. Grantee shall have no rights as a stockholder of the Company, no dividend rights and no voting rights,
with respect to the RSUs and any shares of Common Stock underlying or issuable in respect of such RSUs until such shares of Common
Stock are actually issued to and held of record by Grantee. No adjustments will be made for dividends or other rights of a
holder for which the record date is prior to the date of issuance of such shares. This Award does not place any limit on the
corporate authority of the Company.

 

    

     

    

 

6.              Timing
and Manner of Payment of RSUs. The Company shall deliver to Grantee a number of shares of Common Stock (either by delivering one
or more certificates for such shares or by entering such shares in book entry form, as determined by the Company in its discretion) equal
to the number of RSUs subject to this Award that vest pursuant to the terms hereof. Any payment of shares with respect to such vested
RSUs shall be made not later than two and one-half months after the end of the calendar year in which such RSUs became vested pursuant
to the Vesting Schedule set out in the Notice (such latest payment date, the “Payment
Deadline”). It is intended that payment with respect to RSUs that vest will generally be made on or promptly following
the applicable vesting date; provided that, as to any RSUs that vest on or within six months following the occurrence of an initial public
offering of the Company’s securities registered under the Securities Act, it is intended that payment with respect to such RSUs
will be made on or promptly after the date that is six months after the date of such initial public offering (subject to compliance with
the preceding sentence). In all cases, the Company shall determine the exact payment date which shall be not later than the Payment Deadline
applicable to the vested RSUs being paid. The Company’s obligation to deliver shares of Common Stock or otherwise make payment with
respect to vested RSUs is subject to the condition precedent that Grantee or other person entitled under the Plan to receive any shares
with respect to the vested RSUs deliver to the Company any representations or other documents or assurances required pursuant to Section 15
of the Plan. Grantee shall have no further rights with respect to any RSUs that are paid or that terminate pursuant to Section 4.

 

7.              Non-Transferability
of Award. This Award may not be transferred in any manner otherwise than by will or by the laws of descent or distribution. The
terms of this Award shall be binding upon the executors, administrators, heirs, successors and assigns of Grantee.

 

8.              Limitations
on Transfer of Shares. Grantee acknowledges and agrees that any shares of Common Stock issued pursuant to this Agreement (the
 “Shares”) are subject to (i) the transfer
restrictions set forth in Section 12 of the Plan, (ii) the terms and conditions that apply to the Company’s Common Stock,
as set forth in the Company’s Bylaws, including (without limitation) certain transfer restrictions set forth in Section 4.6
of the Company’s Bylaws, as may be in effect at the time of any proposed transfer (the “Bylaw
Provisions”), (iii) any other limitation or restriction on transfer created by Applicable Laws. Grantee shall
not assign, encumber or dispose of any interest in the Shares except to the extent permitted by, and in compliance with, Section 12
of the Plan, the Bylaw Provisions, Applicable Laws, and the provisions below.

 

(a)            Transfer
Restrictions; Right of First Refusal. Before any Shares held by Grantee or any transferee of Grantee (either being sometimes
referred to herein as the “Holder”) may be
sold or otherwise transferred (including transfer by gift or operation of law), the Company shall first have the right to approve
such sale or transfer, in full or in part, and shall then have the right to purchase all or any part of the Shares proposed to be
sold or transferred, in each case, in its sole and absolute discretion (the “Right
of First Refusal”). If the Holder would like to sell or transfer any Shares, the Holder must provide the
Company or its assignee(s) with the Holder’s Notice (as defined below) requesting approval to sell or transfer the Shares
and offering the Company or its assignee(s) a Right of First Refusal on the same terms and conditions set forth in this
Section 8(a). The Company may either (1) exercise its Right of First Refusal in full or in part and purchase such Shares
pursuant to this Section 8(a), (2) decline to exercise its Right of First Refusal in full or in part and permit the
transfer of such Shares to the Proposed Transferee (as defined below) in full or in part, or (3) decline to exercise its Right
of First Refusal in full or in part and decline the request to sell or transfer of the Shares in full or in part.

 

    -2-

     

    

 

(i)              Notice
of Proposed Transfer. The Holder of the Shares shall deliver to the Company a written notice (the “Holder’s
Notice”) stating: (A) the Holder’s desire to sell or otherwise transfer such Shares; (B) the name
of each proposed purchaser or other transferee (“Proposed Transferee”);
(C) the number of Shares to be transferred to each Proposed Transferee; (D) the terms and conditions of each proposed sale or
transfer, including (without limitation) the purchase price for such Shares (the “Purchase
Price”); and (E) the Holder’s offer to the Company or its assignee(s) to purchase the Shares at the
Purchase Price and upon the same terms (or terms as similar as reasonably possible).

 

(ii)             Exercise
of Right of First Refusal. At any time within 30 days after receipt of the Holder’s Notice, the Company and/or its assignee(s) may,
by giving written notice to the Holder indicating whether the Company and/or its assignee(s) elect to permit or reject the proposed
sale or transfer, in full or in part, and/or elect to accept or decline the offer to purchase any or all of the Shares proposed to be
sold or transferred to any one or more of the Proposed Transferees, at the Purchase Price, provided that if the Purchase Price consists
of no legal consideration (as, for example, in the case of a transfer by gift), the purchase price will be the fair market value of the
Shares as determined in good faith by the Company. If the Purchase Price includes consideration other than cash, the cash equivalent value
of the non-cash consideration shall be determined by the Company in good faith.

 

(iii)            Payment.
Payment of the Purchase Price shall be made, at the election of the Company or its assignee(s), in cash (by check), by cancellation
of all or a portion of any outstanding indebtedness, or by any combination thereof within 60 days after receipt of the Holder’s
Notice or in the manner and at the times set forth in the Holder’s Notice.

 

(iv)            Holder’s
Right to Transfer. If any of the Shares proposed in the Holder’s Notice to be transferred to a given Proposed
Transferee are both (A) not purchased by the Company and/or its assignee(s) as provided in this
Section 8(a) and (B) approved by the Company to be sold or transferred, then the Holder may sell or otherwise
transfer any such Shares to the applicable Proposed Transferee at the Purchase Price or at a higher price, provided that such sale
or other transfer is consummated within 60 days after the date of the Holder’s Notice; provided that any such sale or other
transfer is also effected in accordance with the Bylaw Provisions, the transfer restrictions set forth in the Plan and any
Applicable Laws and the Proposed Transferee agrees in writing that the Plan, the Bylaw Provisions and the provisions of this
Agreement, including this Section 8 and the waiver of statutory information rights in Section 12 shall continue to apply
to the Shares in the hands of such Proposed Transferee. The Company, in consultation with its legal counsel, may require the Holder
to provide an opinion of counsel evidencing compliance with Applicable Laws. If the Shares described in the Holder’s Notice
are not transferred to the Proposed Transferee within such period, or if the Holder proposes to change the price or other terms to
make them more favorable to the Proposed Transferee, a new Holder’s Notice shall be given to the Company, and the Company
and/or its assignees shall again have the right to approve such transfer and be offered the Right of First Refusal.

 

    -3-

     

    

 

(v)             Exception
for Certain Family Transfers. Anything to the contrary contained in this Section 8(a) notwithstanding, the transfer
of any or all of the Shares during Holder’s lifetime or on Holder’s death by will or intestacy to Holder’s Immediate
Family or a trust for the benefit of Holder’s Immediate Family shall be exempt from the provisions of this Section 8(a). “Immediate
Family” as used herein shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father,
mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents
or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any
person sharing Holder’s household (other than a tenant or employee). In such case, the transferee or other recipient shall receive
and hold the Shares so transferred subject to the provisions of the Plan, the Bylaw Provisions and the provisions of this Agreement, including
this Section 8 and Section 12, and there shall be no further transfer of such Shares except in accordance with the terms of
this Section 8, the Plan, and the Bylaw Provisions.

 

(b)            Company’s
Right to Purchase upon Involuntary Transfer. In the event of any transfer by operation of law or other involuntary transfer (including
death or divorce, but excluding a transfer to Immediate Family as set forth in Section 8(a)(v) above) of all or a portion of
the Shares by the record holder thereof, the Company shall have an option to purchase any or all of the Shares transferred at the Fair
Market Value of the Shares on the date of transfer (as determined by the Company in its sole discretion). Upon such a transfer, the Holder
shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Shares shall be provided to the Company
for a period of 30 days following receipt by the Company of written notice from the Holder.

 

(c)            Assignment.
The right of the Company to purchase any part of the Shares may be assigned in whole or in part to any holder or holders of capital
stock of the Company or other persons or organizations.

 

(d)            Restrictions
Binding on Transferees. All transferees of Shares or any interest therein will receive and hold such Shares or interest subject
to the Plan, the Bylaw Provisions, the provisions of this Agreement, including, without limitation, Sections 8, 9 and 12 of this Agreement
and Section 12 of the Plan. Any sale or transfer of the Shares shall be void unless the provisions of this Agreement are satisfied.

 

(e)            Termination
of Rights. The transfer restrictions set forth in Section 8(a) above and Section 12 of the Plan, the Right of
First Refusal granted the Company by Section 8(a) above and the option to repurchase the Shares in the event of an
involuntary transfer granted the Company by Section 8(b) above shall terminate upon the first sale of Common Stock of the
Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange
Commission under the Securities Act (other than a registration statement relating solely to the issuance of Common Stock pursuant to
a business combination or an employee incentive or benefit plan) or any transfer or conversion of Shares made pursuant to a
statutory merger or statutory consolidation of the Company with or into another corporation or corporations if the common stock of
the surviving corporation or any direct or indirect parent corporation thereof is registered under the Exchange Act. Upon
termination of such transfer restrictions, the Company will remove any stop-transfer notices referred to in
Section 11(b) below and related to the restrictions in this Section 8 and a new stock certificate or, in the case of
uncertificated securities, notice of issuance, for the Shares not repurchased shall be issued, on request, without the legend
referred to in Section 11(a) below and delivered to Holder.

 

    -4-

     

    

 

9.              Lock-Up
Agreement. If so requested by the Company or the underwriters in connection with the initial public offering of the Company’s
securities registered under the Securities Act, Grantee shall not sell, make any short sale of, loan, grant any option for the purchase
of, or otherwise dispose of any securities of the Company however or whenever acquired (except for those being registered) without the
prior written consent of the Company or such underwriters, as the case may be, for 180 days from the effective date of the registration
statement, plus such additional period, to the extent required by FINRA rules, up to a maximum of 216 days from the effective date of
the registration statement, and Grantee shall execute an agreement reflecting the foregoing as may be requested by the underwriters at
the time of such offering.

 

10.            Investment
and Taxation Representations. In connection with this Award and any Shares that may be issued hereunder, Grantee represents to
the Company the following:

 

(a)            Grantee
represents that he or she is an “accredited investor” as that term is defined in Section 501(a) under Regulation
D promulgated by the Securities and Exchange Commission under the Securities Act.

 

(b)            Grantee
is aware of the Company’s business affairs and financial condition and has acquired sufficient information about the Company to
reach an informed and knowledgeable decision to acquire any Shares hereunder. Grantee shall acquire any such Shares for investment for
Grantee’s own account only and not with a view to, or for resale in connection with, any “distribution” thereof within
the meaning of the Securities Act or under any applicable provision of state law. Grantee does not have any present intention to transfer
the Shares to any other person or entity.

 

(c)            Grantee
understands that the Shares have not been registered under the Securities Act by reason of a specific exemption therefrom, which exemption
depends upon, among other things, the bona fide nature of Grantee’s investment intent as expressed herein.

 

(d)            Grantee
further acknowledges and understands that the securities must be held indefinitely unless they are subsequently registered under the Securities
Act or an exemption from such registration is available. Grantee further acknowledges and understands that the Company is under no obligation
to register the securities.

 

    -5-

     

    

 

(e)            Grantee
is familiar with the provisions of Rule 144, promulgated under the Securities Act, which, in substance, permits limited public
resale of “restricted securities” acquired, directly or indirectly, from the issuer of the securities (or from an
affiliate of such issuer), in a non-public offering subject to the satisfaction of certain conditions. Grantee understands
that the Company provides no assurances as to whether he will be able to resell any or all of the Shares pursuant to Rule 144,
which rule requires, among other things, that the Company be subject to the reporting requirements of the Exchange Act, that
resales of securities take place only after the holder of the Shares has held the Shares for certain specified time periods, and
under certain circumstances, that resales of securities be limited in volume and take place only pursuant to brokered transactions.
Notwithstanding this Section 10(e), Grantee acknowledges and agrees to the restrictions set forth in
Section 10(f) below.

 

(f)             Grantee
further understands that in the event all of the applicable requirements of Rule 144 are not satisfied, registration under the Securities
Act, compliance with Regulation A, or some other registration exemption will be required; and that, notwithstanding the fact that Rule 144
is not exclusive, the Staff of the Securities and Exchange Commission has expressed its opinion that persons proposing to sell private
placement securities other than in a registered offering and otherwise than pursuant to Rule 144 will have a substantial burden of
proof in establishing that an exemption from registration is available for such offers or sales, and that such persons and their respective
brokers who participate in such transactions do so at their own risk.

 

(g)            Grantee
represents that Grantee is not subject to any of the “Bad Actor” disqualifications described in Rule 506(d)(1)(i) to
(viii) under the Securities Act. Grantee also agrees to notify the Company if Grantee becomes subject to such disqualifications after
the date hereof.

 

(h)            Grantee
understands that Grantee may suffer adverse tax consequences as a result of Grantee’s acquisition or disposition of any Shares issued
hereunder. Grantee represents that Grantee has consulted any tax consultants Grantee deems advisable in connection with the Grant of this
Award and the acquisition or disposition of the Shares and that Grantee is not relying on the Company for any tax advice. Grantee is solely
responsible for any and all tax liability as a result of the Award, any payment with respect to the Award, and any acquisition or disposition
of Shares.

 

		11.	Restrictive Legends and Stop-Transfer Orders.

 

(a)            Legends.
Any stock certificate or, in the case of uncertificated securities, notice of issuance, for the Shares shall bear the following legends
(as well as any legends required by the Company or applicable state and federal corporate and securities laws):

 

(i)              “THE
SECURITIES REFERENCED HEREIN HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT
WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN
EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION
IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.”

 

    -6-

     

    

 

(ii)             “THE
SECURITIES REFERENCED HEREIN MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT BETWEEN THE COMPANY AND THE STOCKHOLDER,
A COPY OF WHICH IS ON FILE WITH AND MAY BE OBTAINED FROM THE SECRETARY OF THE COMPANY AT NO CHARGE.”

 

(iii)            “THE
TRANSFER OF SECURITIES REFERENCED HEREIN IS SUBJECT TO RESTRICTIONS REQUIRING APPROVAL OF THE COMPANY PURSUANT TO AND IN ACCORDANCE WITH
THE COMPANY’S BYLAWS AND THE COMPANY’S STOCK PLAN, COPIES OF WHICH MAY BE OBTAINED UPON WRITTEN REQUEST TO THE COMPANY
AT ITS PRINCIPAL PLACE OF BUSINESS. THE COMPANY SHALL NOT REGISTER OR OTHERWISE RECOGNIZE OR GIVE EFFECT TO ANY PURPORTED TRANSFER OF
SHARES OF STOCK THAT DOES NOT COMPLY WITH THE COMPANY’S STOCK PLAN AND THE COMPANY’S BYLAWS.”

 

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

 

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

 

12.            Waiver
of Statutory Information Rights. Grantee acknowledges and understands that with respect to any Shares issued pursuant to this
Award, but for the waiver made herein, Grantee would be entitled, upon written demand under oath stating the purpose thereof, to inspect
for any proper purpose, and to make copies and extracts from, the Company’s stock ledger, a list of its stockholders, and its other
books and records, and the books and records of subsidiaries of the Company, if any, under the circumstances and in the manner provided
in Section 220 of the Delaware General Corporation Law (any and all such rights, and any and all such other rights of Grantee as
may be provided for in Section 220, the “Inspection Rights”).
In light of the foregoing, until the first sale of Common Stock of the Company to the general public pursuant to a registration statement
filed with and declared effective by the Securities and Exchange Commission under the Securities Act, Grantee hereby unconditionally and
irrevocably waives the Inspection Rights, whether such Inspection Rights would be exercised or pursued directly or indirectly pursuant
to Section 220 or otherwise, and covenants and agrees never to directly or indirectly commence, voluntarily aid in any way, prosecute,
assign, transfer, or cause to be commenced any claim, action, cause of action, or other proceeding to pursue or exercise the Inspection
Rights. The foregoing waiver applies to the Inspection Rights of Grantee in Grantee’s capacity as a stockholder and shall not affect
any rights of a director, in his or her capacity as such, under Section 220. The foregoing waiver shall not apply to any contractual
inspection rights of Grantee under any written agreement with the Company.

 

    -7-

     

    

 

13.            Effect
of Agreement. Grantee acknowledges receipt of a copy of the Plan and represents that Grantee is familiar with the terms and provisions
thereof (and has had an opportunity to consult counsel regarding the Award terms and the provisions of the Plan), and hereby accepts this
Award and agrees to be bound by its contractual terms as set forth herein and in the Plan. Grantee hereby agrees to accept as binding,
conclusive and final all decisions and interpretations of the Administrator regarding any questions relating to this Award. In the event
of a conflict between the terms and provisions of the Plan and the terms and provisions of the Notice and this Agreement, the terms and
provisions of the Plan shall prevail.

 

14.            Imposition
of Other Requirements. The Company reserves the right to impose other requirements on Grantee’s participation in the Plan
or any Award or Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with
Applicable Laws or facilitate the administration of the Plan. Grantee agrees to sign any additional agreements or undertakings that may
be necessary to accomplish the foregoing. Furthermore, Grantee acknowledges that the laws of the country in which Grantee is working at
the time of grant, vesting and payment of the Award and the issuance of any Shares pursuant to this Agreement (including any rules or
regulations governing securities, foreign exchange, tax, labor, or other matters) may subject Grantee to additional procedural or regulatory
requirements that Grantee is and will be solely responsible for and must fulfill.

 

15.            Electronic
Delivery. The Company may, in its sole discretion, decide to deliver any documents related to Grantee’s current or future
participation in the Plan by electronic means or to request Grantee’s consent to participate in the Plan by electronic means. Grantee
hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic
system established and maintained by the Company or a third party designated by the Company.

 

		16.	Miscellaneous.

 

(a)             Governing
Law. The validity, interpretation, construction and performance of this Agreement, and all acts and transactions pursuant hereto
and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the state
of New York, without giving effect to principles of conflicts of law. For purposes of litigating any dispute that may arise directly or
indirectly from this Agreement, the parties hereby submit and consent to the exclusive jurisdiction of the state of New York and agree
that any such litigation shall be conducted only in the courts of New York or the federal courts of the United States located in New York
and no other courts.

 

(b)             Entire
Agreement. This Agreement (including the Notice) sets forth the entire agreement and understanding of the parties relating to
the subject matter herein and supersedes all prior or contemporaneous discussions, understandings and agreements, whether oral or written,
between them relating to the subject matter hereof. The Bylaws are outside the scope of the foregoing integration provision as to any
shares of Common Stock that may be issued pursuant to this Award.

 

    -8-

     

    

 

(c)             Amendments
and Waivers. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be
effective unless in writing signed by the parties to this Agreement. No delay or failure to require performance of any
provision of this Agreement shall constitute a waiver of that provision as to that or any other instance.

 

(d)             Successors
and Assigns. Except as otherwise provided in this Agreement, this Agreement, and the rights and obligations of the parties hereunder,
will be binding upon and inure to the benefit of their respective successors, assigns, heirs, executors, administrators and legal representatives.
The Company may assign any of its rights and obligations under this Agreement. No other party to this Agreement may assign, whether voluntarily
or by operation of law, any of its rights and obligations under this Agreement, except with the prior written consent of the Company.

 

(e)             Notices.
Any notice, demand or request required or permitted to be given under this Agreement shall be in writing and shall be deemed sufficient
when delivered personally or by overnight courier or sent by email, or 48 hours after being deposited in the U.S. mail as certified or
registered mail with postage prepaid, addressed to the party to be notified at such party’s address as set forth on the signature
page, as subsequently modified by written notice, or if no address is specified on the signature page, at the most recent address set
forth in the Company’s books and records.

 

(f)              Severability.
If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such
provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision,
then (i) such provision shall be excluded from this Agreement, (ii) the balance of the Agreement shall be interpreted as if
such provision were so excluded and (iii) the balance of the Agreement shall be enforceable in accordance with its terms.

 

(g)             Construction.
This Agreement is the result of negotiations between and has been reviewed by each of the parties hereto and their respective counsel,
if any; accordingly, this Agreement shall be deemed to be the product of all of the parties hereto, and no ambiguity shall be construed
in favor of or against any one of the parties hereto.

 

(h)             Counterparts.
This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original,
and all of which together shall constitute one and the same agreement.

 

    -9-

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