Document:

Exhibit
10.14

 

CURIOSITYSTREAM
INC.

2020 OMNIBUS INCENTIVE PLAN

 

PURPOSES

 

This
CuriosityStream Inc. 2020 Omnibus Incentive Plan, as may be amended from time to time (the “Plan”),
is intended to promote the interests of CuriosityStream Inc. (the “Company”) and its Subsidiaries and
its shareholders by (i) attracting and retaining directors, executive officers, employees and consultants of outstanding ability;
(ii) motivating such individuals by means of performance-related incentives to achieve the longer-range performance goals of the
Company and its Subsidiaries; and (iii) enabling such individuals to participate in the long-term growth and financial success
of the Company.

 

		1.	DEFINITIONS

 

Whenever
the following terms are used in this Plan, they shall have the meanings specified below unless the context clearly indicates to
the contrary.

 

		(a)	“Administrator”
means the Compensation Committee of the Board unless otherwise determined by the Board from time to time. In exercising its discretion
hereunder, the Board shall endeavor to cause the Administrator to satisfy any requirements applicable to qualify for an exemption
available under Rule 16b-3 promulgated under the Exchange Act or any other regulatory or administrative requirements that may
be applicable with respect to Awards granted hereunder.

 

		(b)	“Affiliate”
means, with respect to any Person, any other Person directly or indirectly controlling, controlled by or under common control
with, such Person where “control” (including the terms “controlling,” “controlled by,” and
“under common control with”) means the possession, direct or indirect, of the power to direct or cause the direction
of the management and policies of a Person, whether through the ownership of securities, by contract, or otherwise.

 

		(c)	“Alternative
Award” has the meaning set forth in Section 10.1.

 

		(d)	“Alternative
Performance Awards” has the meaning set forth in Section 10.2.

 

		(e)	“Award”
means any Option, Restricted Stock, Restricted Stock Unit, Performance Award, SAR, Dividend Equivalent or other Stock-Based Award
granted to a Participant pursuant to the Plan, including an Award combining two or more types of Awards into a single grant.

 

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

 

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

 

		(h)	“Cause”
means, unless otherwise provided in the Award Agreement, any of the following: (a) the Participant’s commission of a crime
involving fraud, theft, false statements or other similar acts or commission of any crime that is a felony (or comparable classification
in a jurisdiction that does not use these terms); (b) the Participant’s engaging in any conduct that constitutes an employment
disqualification under applicable law with respect to the Participant’s work duties; (c) the Participant’s willful
or grossly negligent failure to perform his or her employment-related duties for the Company Group, or willful misconduct in the
performance of such duties; (d) the Participant’s violation of any material Company or Subsidiary policy as in effect from
time to time; (e) the Participant’s engaging in any act or making any public statement that materially impairs, impugns,
denigrates, disparages or negatively reflects upon the name, reputation or business interests of the Company or its Subsidiaries;
(f) the Participant’s material breach of any Award Agreement, employment agreement, or noncompetition, nondisclosure or
nonsolicitation agreement to which the Participant is a party or by which the Participant is bound, or (g) any other action by
the Participant that the Administrator deems to be sufficiently injurious to the interests of the Company or any Subsidiary to
constitute substantial cause for termination; provided that in the case of any Participant who, as of the date of determination,
is a party to an effective services, severance, consulting or employment agreement with the Company or any Subsidiary that employs
such individual, “Cause” has the meaning, if any, specified in such agreement. A termination for Cause shall be deemed
to include a determination by the Administrator following a Participant’s termination of employment that circumstances existing
prior to such termination would have entitled the Company or one of its Subsidiaries to have terminated such Participant’s
employment for Cause. All rights a Participant has or may have under the Plan shall be suspended automatically during the pendency
of any investigation by the Administrator or its designee, or during any negotiations between the Administrator or its designee
and the Participant, regarding any actual or alleged act or omission by the Participant of the type described in the applicable
definition of Cause.

 

     

     

    

 

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

 

		(i)	any
Person becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 30% or more of either
(i) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”)
or (ii) 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 for
purposes of this Section 1.9(a), the following acquisitions shall not constitute a Change in Control: (A)  any acquisition
by the Company of Outstanding Company Common Stock, (B) any acquisition by any employee benefit plan (or related trust) sponsored
or maintained by the Company or any of its Affiliates, (C) any acquisition by any Person pursuant to a Business Combination that
complies with clauses (i), (ii) and (iii) of Section 1.9(c), or (D) any acquisition by any Investor unless such acquisition
results in the Investors becoming the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act)
of 50% or more of the Outstanding Company Common Stock or the Outstanding Company Voting Stock;

 

		(ii)	the
individuals who constitute the Board as of the Effective Date (the “Incumbent Board”) cease for any
reason to constitute at least a majority of the Board; provided, however, that any individual becoming a Director
subsequent to the Effective Date whose election, or nomination for election, by the Company’s stockholders, was approved
by a vote of at least a majority of the Directors then comprising the Incumbent Board shall be considered as though such individual
was a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs
as a result of 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 a Person other than the Board; or

 

		(iii)	the
consummation of a reorganization, merger, statutory share exchange or consolidation or similar transaction involving the Company
or any of its Subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition
of assets or stock of another entity by the Company or any of its Subsidiaries (each, a “Business Combination”),
in each case, unless, following such Business Combination, (i) all or substantially all of the individuals and entities that were
the beneficial owners of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately prior
to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common
stock (or, for a non-corporate entity, equivalent securities) and the combined voting power of the then-outstanding voting securities
entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case
may be, of the entity resulting from such Business Combination (including, without limitation, an entity that, as a result of
such transaction, owns the Company or all or substantially all of the Company’s assets either directly or through one or
more Subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of
the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (ii) no Person (excluding
any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of the Company or such
corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 30% or more of (or 50% or more
of, in the case of the Investor), respectively, the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent
securities) of the entity resulting from such Business Combination or the combined voting power of the then-outstanding voting
securities of such entity entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent
securities), except to the extent that such ownership existed prior to the Business Combination, and (iii) at least a majority
of the members of the board of directors (or, for a non-corporate entity, equivalent governing body) of the entity resulting from
such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the
action of the Board providing for such Business Combination; in each case, provided that, as to Awards subject to Section
409A of the Code the payment or settlement of which will occur by reason of the Change in Control, such event also constitutes
a “change in control” within the meaning of Section 409A of the Code. In addition, notwithstanding the foregoing,
a “Change in Control” shall not be deemed to occur if the Company files for bankruptcy, liquidation or reorganization
under the United States Bankruptcy Code or as a result of any restructuring that occurs as a result of any such proceeding.

 

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		(j)	“Change
in Control Price” means the price per share of Company Common Stock paid in conjunction with any transaction resulting
in a Change in Control. If any part of the offered price is payable other than in cash, the value of the non-cash portion of the
Change in Control Price shall be determined in good faith by the Administrator as constituted immediately prior to the Change
in Control.

 

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

 

		(l)	“Company
Common Stock” means the common stock, par value $0.0001 per share, of the Company and such other stock or securities
into which such common stock is hereafter converted or for which such common stock is exchanged.

 

		(m)	“Company
Group” means the Company and its direct or indirect Subsidiaries.

 

		(n)	“Compensation
Year” means the period from one annual meeting of shareholders to the next following annual meeting of shareholders.

 

		(o)	“Competitive
Activity” means a Participant’s material breach of restrictive covenants relating to noncompetition, nonsolicitation
(of customers or employees) or preservation of confidential information or other covenants having the same or similar scope, included
in an Award Agreement or other agreement to which the Participant and the Company or any of its Affiliates is a party.

 

		(p)	“Corporate
Event” means, as determined by the Administrator, any stock dividend, extraordinary dividend, stock split or share
combination or any recapitalization, merger, consolidation, exchange of shares, spin-off, liquidation or dissolution of the Company
or other similar transaction affecting the Company Common Stock, or any unusual or infrequently occurring transaction or event
affecting the Company, any Subsidiary, or the financial statements of the Company or any of its Subsidiaries, or changes in applicable
laws, regulations or accounting principles (including, without limitation, a recapitalization of the Company).

 

		(q)	“Director”
means a member of the Board or a member of the board of directors of any Subsidiary.

 

		(r)	“Disability”
means (x) for Awards that are not subject to Section 409A of the Code, “disability” as such term is defined in the
long-term disability insurance plan or program of the Company or any Subsidiary then covering the Participant, and (y) for Awards
that are subject to Section 409A of the Code, “disability” has the meaning set forth in Section 409A(a)(2)(c) of the
Code; provided that with respect to Awards that are not subject to Section 409A of the Code, in the case of any Participant
who, as of the date of determination, is a party to an effective services, severance, consulting or employment agreement with
the Company or any Subsidiary that employs such individual, “Disability” has the meaning, if any, specified in such
agreement.

 

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		(s)	“Dividend
Equivalent” means the right to receive payments, in cash or in Shares, based on dividends paid with respect to Shares.

 

		(t)	“Eligible
Representative” for a Participant means such Participant’s personal representative or such other person as
is empowered under the deceased Participant’s will or the then applicable laws of descent and distribution to represent
the Participant hereunder.

 

		(u)	“Employee”
means any individual classified as an employee by the Company or one of its Subsidiaries.

 

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

 

		(w)	“Executive
Officer” means each person who is an officer or employee of the Company or any of its Subsidiaries and who is subject
to the reporting requirements under Section 16(a) of the Exchange Act.

 

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

 

		(y)	“Good
Reason” means, unless otherwise provided in the Award Agreement, a material reduction in the Participant’s
base salary or a material reduction in the Participant’s target annual cash incentive compensation opportunity, in each
case, other than (a) any isolated or inadvertent failure by the Company or the applicable Subsidiary that is not in bad faith
and is cured within thirty (30) business days after the Participant gives the Company or the applicable Subsidiary notice of such
event or (b) a reduction of 10% or less which is applicable to all employees in the same salary grade as the Participant; provided
that in the case of any Participant who, as of the date of determination, is a party to an effective services, severance,
consulting or employment agreement with the Company or any Subsidiary that employs such individual, “Good Reason”
has the meaning, if any, specified in such agreement.

 

		(z)	“Incentive
Stock Option” means an Option which qualifies under Section 422 of the Code and is expressly designated as an Incentive
Stock Option in the Award Agreement.

 

		(aa)	“Investors”
means, collectively, Software Acquisition Holdings LLC, a Delaware limited liability company, and its Affiliates.

 

		(bb)	“Merger
Agreement” means the Merger Agreement, dated August 10, 2020, among Software Acquisition Group Inc., CS Merger Sub,
Inc., CuriosityStream Inc. and Hendricks Factual Media LLC.

 

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

 

		(dd)	“Option”
means an option to purchase Company Common Stock granted under the Plan. The term “Option” includes both an Incentive
Stock Option and a Non-Qualified Stock Option.

 

		(ee)	“Participant”
means any Service Provider who has been granted an Award pursuant to the Plan.

 

		(ff)	“Performance
Award” means a Performance Share or a Performance Unit.

 

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		(gg)	“Performance
Cycle” means the period of time selected by the Administrator during which performance is measured for the purpose
of determining the extent to which a Performance Award has been earned or vested.

 

		(hh)	“Performance
Goals” means the objectives established by the Administrator for a Performance Cycle pursuant to Section 6.5 for
the purpose of determining the extent to which a Performance Award has been earned or vested.

 

		(ii)	“Performance
Share” means an Award granted pursuant to Article VI of the Plan of a Share or a contractual right to receive a
Share (or the cash equivalent thereof) upon the achievement, in whole or in part, of the applicable Performance Goals.

 

		(jj)	“Performance
Unit” means a U.S. Dollar-denominated unit (or a unit denominated in the Participant’s local currency) granted
pursuant to Article VI of the Plan, payable in cash or in Shares upon the achievement, in whole or in part, of the applicable
Performance Goals.

 

		(kk)	“Person”
means an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated
association, joint venture, governmental authority or any other entity of whatever nature.

 

		(ll)	“Replacement
Awards” means Shares or Awards issued in assumption of, or in substitution for, any outstanding awards of any entity
acquired in any form or combination by the Company or any of its Subsidiaries.

 

		(mm)	“Restricted
Stock” means an Award granted pursuant to Section 5.1.

 

		(nn)	“Restricted
Stock Unit” means an Award granted pursuant to Section 5.2.

 

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

 

		(pp)	“Service
Provider” means an Employee, Director or consultant of the Company or any of its Subsidiaries.

 

		(qq)	“Share”
means a share of Company Common Stock.

 

		(rr)	“Stock
Appreciation Right” or “SAR” means the right to receive a payment from the Company in
cash and/or Shares equal to the excess, if any, of the Fair Market Value of one Share on the exercise date over a specified price
(the “Base Price”) fixed by the Administrator on the grant date (which specified price shall not be
less than the Fair Market Value of one Share on the grant date).

 

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

 

		(tt)	“Ten
Percent Stockholder” means a Person owning stock possessing more than 10% of the total combined voting power of
all classes of stock of the Company or its Subsidiaries.

 

		(uu)	“Termination
of employment,” “termination of service” and any similar term(s) means: with respect to
a Director who is not an Employee of the Company or any Subsidiary, the date upon which such Director ceases to be a member of
the Board or of the board of directors of any Subsidiary; with respect to a consultant of the Company or any of its Subsidiaries,
the date upon which such consultant ceases to provide services to the Company and its Subsidiaries; and, with respect to an Employee,
the date he or she ceases to be an Employee; provided that in all events with respect to any Award subject to Section 409A
of the Code, such terms shall mean “separation from service,” as defined in Section 409A of the Code and the rules,
regulations and guidance promulgated thereunder.

 

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		2.	ADMINISTRATION

 

		(a)	Powers
of the Administrator. The Plan shall be administered by the Administrator. The Administrator shall have the sole and complete
authority and discretion to: (a) determine the type or types of Awards to be granted to each Participant; (b) select the Service
Providers to whom Awards may from time to time be granted; (c) determine all matters and questions related to the termination
of service of a Service Provider with respect to any Award granted to him or her; (d) determine the number of Awards to be granted
and the number of Shares to which an Award will relate; (e) approve forms of agreement for use under the Plan, which need not
be identical for each Service Provider; (f) determine the terms and conditions of any Awards (including, without limitation, the
Exercise Price or Base Price, the time or times when Awards may be exercised (which may be based on performance criteria), any
vesting acceleration or waiver of forfeiture restrictions and any restriction or limitation regarding any Award or the Company
Common Stock relating thereto) based in each case on such factors as the Administrator shall determine; (g) prescribe, amend and
rescind rules and regulations relating to the Plan, including rules and regulations relating to Subplans (as defined in Section
2.4) established for the purpose of satisfying applicable foreign laws; (h) determine whether, to what extent, and pursuant to
what circumstances an Award may be settled in, or the exercise or purchase price of an Award may be paid in, cash, Company Common
Stock, other Awards, or other property, or an Award may be cancelled, forfeited or surrendered; (i) suspend or accelerate the
vesting of any Award granted under the Plan or waive the forfeiture restrictions or any other restriction or limitation regarding
any Awards or the Company Common Stock relating thereto; (j) construe and interpret the terms of the Plan and Awards granted pursuant
to the Plan; and (k) make all other decisions and determinations that may be required pursuant to the Plan or as the Administrator
deems necessary or advisable to administer the Plan. Any determination made by the Administrator under the Plan, including, without
limitation, under Section 3.3, shall be final, binding and conclusive on all Participants and other persons having or claiming
any right or interest under the Plan. The Administrator’s determinations under the Plan need not be uniform and may be made
by the Administrator selectively among persons who receive, or are eligible to receive, Awards under the Plan, whether or not
such persons are similarly situated.

 

		(b)	Delegation
by the Administrator. The Administrator may delegate, subject to such terms or conditions or guidelines as it shall determine,
to any officer or group of officers, or Director or group of Directors any portion of its authority and powers under the Plan
with respect to Participants who are not Executive Officers or non-employee directors of the Board; provided that any delegation
to one or more officers of the Company shall be subject to and comply with applicable law.

 

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

 

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

 

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		3.	SHARES
SUBJECT TO PLAN

 

		(a)	Shares
Subject to Plan.

 

		(i)	Subject
to Section 3.3, the aggregate number of Shares that may be issued or used for reference purposes or with respect to which Awards
may be granted under this Plan shall be equal to 13% (on a fully-diluted basis) of the Shares that are outstanding as of immediately
following the Closing, as defined in the Merger Agreement. All of the Shares reserved under the Plan may be issued in the form
of Incentive Stock Options under the Plan. The Shares issued under the Plan may be authorized but unissued, or reacquired Company
Common Stock. No provision of this Plan shall be construed to require the Company to maintain the Shares in certificated form.
Unless the Administrator shall determine otherwise, (i) Awards may not consist of fractional shares and shall be rounded down
to the nearest whole Share, and (ii) fractional Shares shall not be issued under the Plan (and shall instead also be rounded as
aforesaid).

 

		(ii)	If
any Award or portion thereof under this Plan is for any reason forfeited, cancelled, cash-settled, expired or otherwise terminated
without the issuance of Shares, the Shares subject to such forfeited, cancelled, cash-settled, expired or otherwise terminated
Award, or portion thereof, shall again be available for grant under the Plan. If Shares are tendered or withheld from issuance
with respect to an Award by the Company in satisfaction of any Exercise Price, Base Price or tax withholding or similar obligations,
such tendered or withheld Shares shall be available for grant under the Plan. Notwithstanding the foregoing, and except to the
extent required by applicable law, Replacement Awards shall not be counted against Shares available for grant pursuant to this
Plan.

 

		(b)	Limitation
on Non-Employee Director Awards. The maximum number of Shares subject to Awards granted during a single Compensation Year
to any non-employee Director, taken together with any cash fees paid during the Compensation Year to the non-employee Director,
in respect of the Director’s service as a member of the Board during such year (including service as a member or chair of
any committees of the Board), shall not exceed $500,000 in total value (calculating the value of any such Awards based on the
grant date fair value of such Awards for financial reporting purposes).

 

		(c)	Changes
in Company Common Stock; Disposition of Assets and Corporate Events.

 

		(i)	If
and to the extent necessary or appropriate to reflect a Corporate Event, the Administrator shall adjust the number of shares of
Company Common Stock available for issuance under the Plan, and the number, class and Exercise Price or Base Price of any outstanding
Award, and/or make such substitution, revision or other provisions or take such other actions with respect to any outstanding
Award or the holder or holders thereof, in each case as it determines to be equitable. Without limiting the generality of the
foregoing, in the event of any such Corporate Event, the Administrator shall have the power to make such changes as it deems appropriate
in (i) the number and type of shares or other securities covered by outstanding Awards, (ii) the prices specified therein, (iii)
the securities, cash or other property to be received upon the exercise, settlement or conversion of such outstanding Awards or
otherwise to be received in connection with such outstanding Awards and (iv) any applicable Performance Goals. After any adjustment
made by the Administrator pursuant to this Section 3.3, the number of shares subject to each outstanding Award shall be rounded
down to the nearest whole number of whole or fractional shares (as determined by the Administrator), and (if applicable) the Exercise
Price or Base Price thereof shall be rounded up to the nearest cent.

 

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		(ii)	Any
adjustment of an Award pursuant to this Section 3.3 shall be effected in compliance with Section 424 and 409A of the Code to the
extent applicable.

 

		(d)	Award
Agreement Provisions. The Administrator may include such provisions and limitations in any Award Agreement as it shall determine,
subject to the terms of the Plan.

 

		(e)	Prohibition
Against Repricing. Except to the extent (a) approved in advance by holders of a majority of the Shares entitled to vote generally
in the election of directors or (b) pursuant to Section 3.3 as a result of any Corporate Event or pursuant to Article XI in connection
with a Change in Control, the Administrator shall not have the power or authority to reduce, whether through amendment or otherwise,
the Exercise Price of any outstanding Option or Base Price or any outstanding SAR or to grant any new Award, or make any cash
payment, in substitution for or upon the cancellation of Options or SARs previously granted.

 

		4.	OPTIONS
AND SARS

 

		(a)	Grant
of Options and SARs. The Administrator is authorized to make Awards of Options and/or SARs to any Service Provider in such
amounts and subject to such terms and conditions as determined by the Administrator, consistent with the Plan. Notwithstanding
the foregoing, only Employees of the Company and its Subsidiaries are eligible to be granted Incentive Stock Options under the
Plan. SARs may be granted in tandem with Options or may be granted on a freestanding basis, not related to any Option. Excluding
Replacement Awards, the per Share purchase price of the Shares subject to each Option (the “Exercise Price”)
and the Base Price of each SAR shall be not less than 100% (or. in the case of an Incentive Stock Option granted to a Ten Percent
Stockholder, 110%) of the Fair Market Value of a Share on the date such Option or SAR is granted. Each Option and each SAR shall
be evidenced by an Award Agreement. To the extent that any Option does not qualify as an Incentive Stock Option (whether because
of its provisions or the time or manner of its exercise or otherwise), such Option or the portion thereof that does not so qualify
shall constitute a separate Non-Qualified Stock Option.

 

		(b)	Exercisability
and Vesting; Exercise. Each Option and SAR shall vest and become exercisable according to the terms and conditions as determined
by the Administrator. Except as otherwise determined by the Administrator, SARs granted in tandem with an Option shall become
vested and exercisable on the same date or dates as the Options with which such SARs are associated vest and become exercisable.
SARs that are granted in tandem with an Option may only be exercised upon the surrender of the right to exercise such Option for
an equivalent number of Shares, and may be exercised only with respect to the Shares for which the related Option is then exercisable.
The Administrator shall specify the manner of and any terms and conditions of exercise of an exercisable Option or SAR, including
but not limited to net-settlement, delivery of previously owned stock and broker-assisted sales.

 

		(c)	Settlement
of SARs. Upon exercise of a SAR, the Participant shall be entitled to receive payment in Shares, or such other form as determined
by the Administrator, having an aggregate value equal to the Fair Market Value of one Share on the exercise date over the Base
Price of such SAR; provided, however, that on the grant date, the Administrator may establish a maximum amount per
Share that may be payable upon exercise of a SAR.

 

		(d)	Expiration
of Options and SARs. No Option or SAR may be exercised after the expiration of ten (10) years from the date the Option or
SAR was granted (or, in the case of an Incentive Stock Option granted to a Ten Percent Stockholder, five (5) years), unless a
longer or shorter period is set forth in the Award Agreement. Notwithstanding the foregoing, in the event that on the last business
day of the term of the Option or SAR (a) the exercise of the Option or SAR is prohibited by applicable law or (b) Shares may not
be purchased or sold by certain employees or directors of the Company due to the “black-out period” of a Company policy
or a “lock-up” agreement undertaken in connection with an issuance of securities by the Company, the term of the Option
or SAR shall be extended, but not beyond a period of thirty (30) days following the end of the legal prohibition, black-out period
or lock-up agreement (to the extent permissible under Section 409A of the Code), and provided that no extension will be made if
the applicable Exercise Price or Base Price at the date the initial term would otherwise expire is below the Fair Market Value
on such date.

 

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		(e)	Incentive
Stock Option Limitations. To the extent the aggregate Fair Market Value (determined as of the time of grant) of the Shares
with respect to which Incentive Stock Options are exercisable for the first time by an Employee during any calendar year under
the Plan and/or any other stock option plan of the Company or any Subsidiary exceeds US$100,000, such Options shall be treated
as Non-Qualified Stock Options. In addition, if an Employee does not remain employed by the Company or any Subsidiary at all times
from the time an Incentive Stock Option is granted until three (3) months prior to the date of exercise thereof (or such other
period as required by applicable law), then such Option shall be treated as a Non-Qualified Stock Option.

 

		5.	Restricted
Stock Awards AND RESTRICTED STOCK UNIT
AWARDS

 

		(a)	Restricted
Stock. The Administrator is authorized to make Awards of Restricted Stock to any Service Provider selected by the Administrator
in such amounts and subject to such terms and conditions as determined by the Administrator. Restricted Stock shall be subject
to such restrictions on transferability and other restrictions as the Administrator may impose. These restrictions may lapse separately
or in combination at such times, pursuant to such circumstances, in such installments, or otherwise, as the Administrator determines
at the time of the grant of the Award or thereafter. The issuance of Restricted Stock granted pursuant to the Plan may be evidenced
in such manner as the Administrator shall determine.

 

		(b)	Restricted
Stock Units. The Administrator is authorized to make Awards of Restricted Stock Units to any Service Provider selected by
the Administrator in such amounts and subject to such terms and conditions as determined by the Administrator. The Administrator
may specify any conditions to vesting as it deems appropriate. For the avoidance of doubt, the Administrator may grant Restricted
Stock Units that are fully vested and nonforfeitable when granted. At the time of grant, the Administrator shall specify the settlement
date applicable to each grant of Restricted Stock Units. Unless otherwise provided in an Award Agreement, on the settlement date,
the Company shall, subject to the terms of this Plan, transfer to the Participant one Share (or a cash amount equal to the then
Fair Market Value of a Share) for each Restricted Stock Unit scheduled to be paid out on such date and not previously forfeited.
A Participant shall not be, nor have any of the rights or privileges of, a stockholder in respect of Restricted Stock Units awarded
pursuant to the Plan unless and until the Shares attributable to such Restricted Stock Units have been issued to such Participant.
Each Restricted Stock Unit shall be evidenced by an Award Agreement.

 

		6.	Performance
AWARDS

 

		(a)	Grant
of Performance Awards. The Administrator is authorized to make Performance Awards to any Participant selected by the Administrator
in such amounts and subject to such terms and conditions as determined by the Administrator. Each Performance Award shall be evidenced
by an Award Agreement.

 

		(b)	Issuance
and Restrictions. The Administrator shall have the authority to determine the Participants who shall receive Performance Awards;
the number of Performance Shares, the number and value of Performance Units; the cash entitlement of any Participant with respect
to any Performance Cycle; and the Performance Goals applicable in respect of such Performance Awards for each Performance Cycle.
The Administrator shall determine the duration of each Performance Cycle (the duration of Performance Cycles may differ from one
another), and there may be more than one Performance Cycle in existence at any one time. An Award Agreement evidencing the grant
of Performance Shares or Performance Units shall specify the number of Performance Shares and the number and/or value of Performance
Units awarded to the Participant, the Performance Goals applicable thereto, and such other terms and conditions as the Administrator
shall determine. Unless the Administrator shall determine otherwise, no Company Common Stock will be issued at the time an Award
of Performance Shares is made.

 

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		(c)	Earned
Performance Awards. Performance Awards shall become earned, in whole or in part, based upon the attainment of specified Performance
Goals or the occurrence of any event or events, as the Administrator shall determine or as set forth in an Award Agreement. In
addition to the achievement of the specified Performance Goals, the Administrator may condition payment of Performance Awards
on such other conditions as the Administrator shall determine. The Administrator may also provide in an Award Agreement for the
completion of a minimum period of service (in addition to the achievement of any applicable Performance Goals) as a condition
to the vesting of any Performance Award.

 

		(d)	Rights
as a Stockholder. A Participant shall not have any rights as a stockholder in respect of Performance Awards until such time
as the Shares attributable to such Performance Awards have been issued to such Participant or his or her beneficiary. Performance
Shares as to which Shares are issued prior to the end of the Performance Cycle shall, during such period, be subject to such restrictions
on transferability and other restrictions as the Administrator may impose.

 

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

 

		(f)	Determination
of Attainment of Performance Goals. As soon as practicable following the end of a Performance Cycle and prior to any payment
or vesting in respect of such Performance Cycle, the Administrator shall determine the number of Performance Shares or other Performance
Awards and the number and value of Performance Units or the amount of any cash entitlement, in each case that has been earned
or vested.

 

		(g)	Payment
of Awards. Unless otherwise specified in the applicable Award Agreement, payment or delivery of Company Common Stock with
respect to earned Performance Shares, earned Performance Units and earned cash entitlements shall be made to the Participant or,
if the Participant has died, to the Participant’s Eligible Representative, as soon as practicable after the expiration of
the Performance Cycle and the Administrator’s determination under Section 6.6 above, and in any event no later than the
earlier of (i) ninety (90) days after the end of the fiscal year in which the Performance Cycle has ended and (ii) ninety
(90) days after the expiration of the Performance Cycle. The Administrator shall determine and set forth in the applicable Award
Agreement whether earned Performance Shares and the value of earned Performance Units are to be distributed in the form of cash,
Shares or in a combination thereof, with the value or number of Shares payable to be determined based on the Fair Market Value
of the Company Common Stock on the date of the Administrator’s determination under Section 6.6 above or such other date
specified in the Award Agreement. The Administrator may, in an Award Agreement with respect to the Award or delivery of Shares,
condition the vesting of such Shares on the performance of additional service.

 

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		7.	OTHER
Stock-Based Awards

 

		(a)	Grant
of Stock-Based Awards. The Administrator is authorized to make Awards of other types of equity-based or equity-related awards
and fully vested stock awards, including grants of fully vested Shares (collectively, “Stock-Based Awards”)
not otherwise described by the terms of the Plan in such amounts and subject to such terms and conditions as the Administrator
shall determine, including without limitation the payment of cash bonuses or other incentives in the form of Stock-Based Awards.
Unless otherwise determined by the Administrator, all Stock-Based Awards shall be evidenced by an Award Agreement. Such Stock-Based
Awards may be granted as an inducement to enter the employ of the Company or any Subsidiary or in satisfaction of any obligation
of the Company or any Subsidiary to an officer or other key employee, whether pursuant to this Plan or otherwise, that would otherwise
have been payable in cash or in respect of any other obligation of the Company. Such Stock-Based Awards may entail the transfer
of actual Shares, or payment in cash or otherwise of amounts based on the value of Shares and may include, without limitation,
Awards designed to comply with or take advantage of the applicable local laws of jurisdictions other than the United States.

 

		8.	DIVIDEND
EQUIVALENTS

 

		(a)	Generally.
Dividend Equivalents may be granted to Participants at such time or times as shall be determined by the Administrator. Dividend
Equivalents may be granted in tandem with other Awards, in addition to other Awards, or freestanding and unrelated to other Awards.
Notwithstanding the terms of this Section 8.1, no Dividend Equivalents shall be granted with respect to Options or SARs. The grant
date of any Dividend Equivalents will be the date on which the Dividend Equivalent is awarded by the Administrator, or such other
date permitted by applicable laws as the Administrator shall determine. Dividend Equivalents may, at the discretion of the Administrator,
be fully vested and nonforfeitable when granted or subject to such vesting conditions as determined by the Administrator; provided
that, unless the Administrator shall determine otherwise in an Award Agreement, Dividend Equivalents with respect to Awards
shall not be fully vested until the Awards have been earned and shall be forfeited if the related Award is forfeited. Dividend
Equivalents shall be evidenced in writing, whether as part of the Award Agreement governing the terms of the Award, if any, to
which such Dividend Equivalent relates, or pursuant to a separate Award Agreement with respect to freestanding Dividend Equivalents,
in each case, containing such provisions not inconsistent with the Plan as the Administrator shall determine, including customary
representations, warranties and covenants with respect to securities law matters.

 

		9.	Termination
and Forfeiture

 

		(a)	Termination
for Cause; Post-Service Competitive Activity. Unless otherwise set forth in the Award Agreement, if a Participant’s
employment or service terminates for Cause or a Participant engages in Competitive Activity following the Participant’s
termination of employment or service, all Options and SARs, whether vested or unvested, and all other Awards that are unvested
or unexercisable or otherwise unpaid (or were unvested or unexercisable or unpaid at the time of occurrence of Cause or engagement
in Competitive Activity) shall be immediately forfeited and cancelled, effective as of the date of the termination or engagement
in Competitive Activity. Unless otherwise determined by the Administrator, if the Participant engages in Competitive Activity
following the termination, any portion of the Participant’s Awards that became vested after termination, and any Shares
or cash issued upon exercise or settlement of such Awards, shall be immediately forfeited, cancelled, and disgorged or paid to
the Company together with all gains earned or accrued due to the sale of Shares issued upon exercise or settlement of such Awards.

 

		(b)	Termination
Due to Death or Disability. Unless otherwise set forth in the Award Agreement, if a Participant’s employment or service
terminates by reason of death or Disability:

 

		(i)	All
Options and SARs (whether or not then otherwise exercisable) shall become exercisable in full and the Participant or (as applicable)
Participant’s Eligible Representative may exercise all such Options and SARs at any time prior to the earlier of (i) the
one-year anniversary of the Participant’s death or Disability or (ii) the expiration of the term of the Options or SARs;
provided that any in-the-money Options and SARs that are still outstanding on the last day of the time period specified
in this Section 9.2(a) shall automatically be exercised on such date; and

 

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		(ii)	All
other Awards shall immediately vest in full upon the Participant’s death or Disability, and Restricted Stock Units and Performance
Awards that have not been settled or converted into Shares prior to the Participant’s death or Disability shall immediately
be settled in Shares. Any Performance Awards that vest as a result of this Section 9.2(b) shall vest and be paid based on target
levels of performance.

 

		(c)	Involuntary
Termination Without Cause. Unless otherwise set forth in the Award Agreement, if a Participant’s employment or service
is involuntarily terminated without Cause:

 

		(i)	All
Options and SARs that are unvested shall be immediately forfeited and cancelled, effective as of the date of the termination,
and all Options and SARs that are vested shall remain outstanding and exercisable until the earlier of (i) 30 days after the effective
date of the termination or (ii) the expiration of the term of such Options or SARs; and

 

		(ii)	All
Awards of Restricted Stock or Restricted Stock Units that are unvested shall be immediately forfeited and cancelled, effective
as of the date of the termination; and

 

		(iii)	Provided
that the Participant signs a general release and waiver of claims in the form provided by the Administrator and does not exercise
any rights to revoke such release, the Participant shall retain a portion of any unvested Performance Awards granted earlier than
one year prior to the termination equal to, for each grant of Performance Awards, the number of Performance Shares or Performance
Units specified in the Award Agreement multiplied by the quotient of (i) the number of full months elapsed between the grant date
in respect of such Performance Awards and the effective date of the termination over (ii) the total number of months in the Performance
Cycle. Such retained Performance Awards will remain outstanding and vest subject to the attainment of the applicable Performance
Goals in respect thereof. Any unvested Performance Awards that do not remain outstanding pursuant to this Section 9.3(c) shall
be immediately forfeited and cancelled, effective as of the date of the termination.

 

		(d)	Termination
for Any Other Reason. Unless otherwise set forth in the Award Agreement, if a Participant’s employment or service terminates
for any reason other as set forth in Sections 9.1 (other than post-service Competitive Activity) through 9.3:

 

		(i)	All
Options and SARs that are unvested shall be immediately forfeited and cancelled, effective as of the date of the termination,
and all Options and SARs that are vested shall remain outstanding and exercisable until the earlier of (i) 30 days after the effective
date of the termination or (ii) the expiration of the term of such Options or SARs; and

 

		(ii)	All
other Awards that are unvested or have not otherwise been earned shall be immediately forfeited and cancelled, effective as of
the date of termination.

 

		(e)	Post-Termination
Informational Requirements. Before the settlement of any Award following termination of employment or service, the Administrator
may require the Participant (or the Participant’s Eligible Representative, if applicable) to make such representations and
provide such documents as the Administrator deems necessary or advisable to effect compliance with applicable law and the provisions
of this Plan.

 

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		(f)	Forfeiture
and Recoupment of Awards. Awards granted under this Plan (and gains earned or accrued in connection with Awards) shall be
subject to such generally applicable policies as to forfeiture and recoupment (including, without limitation, upon the occurrence
of material financial or accounting errors, financial or other misconduct or Competitive Activity) as may be adopted by the Administrator
or the Board (or committee thereof) from time to time. Any such policies may (in the discretion of the Administrator or the Board)
be applied to outstanding Awards at the time of adoption of such policies, or on a prospective basis only. Participants shall
also forfeit and disgorge to the Company any Awards granted or vested and any gains earned or accrued due to the exercise of Options
or SARs or the sale of any Company Common Stock to the extent required by applicable law or as required by any stock exchange
or quotation system on which the Company Common Stock is listed or quoted, in each case in effect on or after the Effective Date,
including but not limited to Section 304 of the Sarbanes-Oxley Act of 2002 and Section 10D of the Exchange Act. The implementation
of policies and procedures pursuant to this Section 9.6 and any modification of the same shall not be subject to any restrictions
on amendment or modification of Awards.

 

		10.	CHANGE
IN CONTROL

 

		(a)	Alternative
Award. Unless otherwise provided in an Award Agreement, and other than with respect to the Performance Award Conversion, no
cancellation, acceleration or other payment shall occur in connection with a Change in Control pursuant to Section 10.3 with respect
to any Award or portion thereof as a result of the Change in Control if the Administrator reasonably determines in good faith,
prior to the occurrence of the Change in Control, that such Award shall be honored or assumed, or new rights substituted therefor
following the Change in Control (such honored, assumed or substituted award, an “Alternative Award”),
provided that any Alternative Award must (i) give the Participant who held the Award rights and entitlements substantially
equivalent to or better than the rights and terms applicable under the Award immediately prior to the Change in Control, including
(A) an equal or better vesting schedule, and (B) in the case of Alternative Awards that are stock options in the successor
entity following such Change in Control, substantially equivalent or better methods of payment of the exercise price thereof and
a post-termination exercise period extending until at least the first (1st) anniversary of the Participant’s
termination of employment without Cause or with Good Reason (or, if earlier, the expiration of the term of the stock options);
and (ii) have terms such that if a Participant’s employment is involuntarily (i.e., by the Company or its successor
other than for Cause) or constructively (i.e., by the Participant with Good Reason) terminated within the twenty-four (24)
months following a Change in Control at a time when any portion of the Alternative Award is unvested, the unvested portion of
such Alternative Award shall immediately vest in full and such Participant shall receive (as determined by the Administrator)
either (1) a cash payment equal in value to the excess (if any) of the fair market value of the stock subject to the Alternative
Award at the date of exercise or settlement over the price (if any) that such Participant would be required to pay to exercise
such Alternative Award or (2) liquid shares or equity interests having a fair market value (as determined by the Administrator)
equal to the value in clause (1).

 

		(b)	Performance
Award Conversion. Unless otherwise provided in an Award Agreement, upon a Change in Control, then-outstanding Performance
Awards shall be modified to remove any Performance Goals applicable thereto and to substitute, in lieu of such Performance Goals,
vesting solely based on the requirement of continued service through, as nearly as is practicable, the date(s) on which the satisfaction
of the Performance Goals would have been measured if the Change in Control had not occurred (or, if applicable, the later period
of required service following such measurement date set forth in the applicable Award Agreement) (such Awards, the “Alternative
Performance Awards”), with such service-vesting of the Alternative Performance Awards to accelerate upon the termination
of service of the holder prior to such vesting date(s) thereof, if such termination of service satisfies the requirements of clause
(ii) of Section 10.1 hereof. The number of Alternative Performance Awards shall be equal to (i) if less than 50% of the Performance
Cycle has elapsed, the target number of Performance Awards, and (ii) if 50% or more of the Performance Cycle has elapsed,
a number of Performance Awards based on actual performance through the date of the Change in Control if determinable, or the target,
if not determinable (with the Administrator as constituted prior to the Change in Control making any determinations necessary
to determine performance and the vesting date(s) thereof). The conversion of the Performance Awards into Alternative Performance
Awards is referred to herein as the “Performance Award Conversion.” Following the Performance Award
Conversion, the Alternative Performance Awards shall either remain outstanding as Alternative Awards consistent with this Section
10.2 or shall be treated as provided in Section 10.3.

 

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		(c)	Accelerated
Vesting and Payment. Except as otherwise provided in this Article X or in an Award Agreement, upon a Change in Control:

 

		(i)	each
vested and unvested Option or SAR shall be cancelled in exchange for a payment equal to the excess, if any, of the Change in Control
Price over the applicable Exercise Price or Base Price;

 

		(ii)	the
vesting restrictions applicable to all other unvested Awards (other than (x) freestanding Dividend Equivalents not granted
in connection with another Award and (y) Performance Awards) shall lapse, all such Awards shall vest and become non-forfeitable
and be cancelled in exchange for a payment equal to the Change in Control Price;

 

		(iii)	each
Alternative Performance Award shall be cancelled in exchange for a payment equal to the Change in Control Price;

 

		(iv)	each
other Award (other than freestanding Dividend Equivalents not granted in connection with another Award) that were vested prior
to the Change in Control but that have not been settled or converted into Shares prior to the Change in Control shall be cancelled
in exchange for a payment equal to the Change in Control Price; and

 

		(v)	all
freestanding Dividend Equivalents not granted in connection with another Award shall be cancelled without payment therefor.

 

To
the extent any portion of the Change in Control Price is payable other than in cash and/or other than at the time of the Change
in Control, Award holders under the Plan shall receive the same value in respect of their Awards (less any applicable Exercise
Price, Base Price or similar feature) as is received by the Company’s stockholders in respect of their Company Common Stock
(as determined by the Administrator), and the Administrator shall determine the extent to which such value shall be paid in cash,
in securities or other property, or in a combination of cash and securities or other property, consistent with applicable law.
To the extent any portion of the Change in Control Price is payable other than at the time of the Change in Control, the Administrator
shall determine the time and form of payment to the Award holders consistent with Section 409A of the Code and other applicable
laws. Upon a Change in Control the Administrator may cancel Options and SARs for no consideration if the Fair Market Value of
the Shares subject to such Options or such SARs is less than or equal to the Exercise Price of such Options or the Base Price
of such SARs.

 

		11.	OTHER
PROVISIONS

 

		(a)	Awards
Not Transferable. Except as otherwise determined by the Administrator, no Award or interest or right therein or part thereof
shall be liable for the debts, contracts or engagements of the Participant or his or her successors in interest or shall be subject
to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition
be voluntary or involuntary or by operation of law, by judgment, levy, attachment, garnishment or any other legal or equitable
proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided,
however, that nothing in this Section 11.1 shall prevent transfers by will, by the applicable laws of descent and distribution
or pursuant to the beneficiary designation procedures approved by the Company pursuant to Section 11.13 or, with the prior approval
of the Company, estate planning transfers.

 

		(b)	Amendment,
Suspension or Termination of the Plan or Award Agreements.

 

		(i)	The
Plan may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the
Administrator; provided that without the approval by a majority of the shares entitled to vote at a duly constituted meeting
of shareholders of the Company, no amendment or modification to the Plan may (i) except as otherwise expressly provided in
Section 3.3, increase the number of Shares subject to the Plan; (ii) modify the class of persons eligible for participation
in the Plan or (iii) materially modify the Plan in any other way that would require stockholder approval under applicable
law or stock exchange listing requirement. Except as otherwise expressly provided in the Plan or required by applicable law, neither
the amendment, suspension or termination of the Plan shall, without the written consent of the holder of the Award, materially
adversely alter or impair any rights or obligations under any Award theretofore granted.

 

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		(ii)	The
Administrator at any time, and from time to time, may amend the terms of any one or more existing Award Agreements, provided,
however, that, except as required by applicable law, the rights of a Participant under an Award Agreement shall not be
materially adversely impaired without the Participant’s written consent. The Company shall provide a Participant with notice
of any amendment made to a Participant’s existing Award Agreement.

 

		(iii)	No
Award may be granted during any period of suspension nor after termination of the Plan, and in no event may any Award be granted
under this Plan after the expiration of ten (10) years from the Effective Date.

 

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

 

		(d)	At-Will
Employment. Nothing in the Plan or any Award Agreement hereunder shall confer upon the Participant any right to continue as
a Service Provider of the Company or any of its Affiliates or shall interfere with or restrict in any way the rights of the Company
or any of its Affiliates, which are hereby expressly reserved, to discharge any Participant at any time for any reason whatsoever,
with or without Cause.

 

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

 

		(f)	Term
of Plan. The Plan shall become effective on the Closing Date, as defined in the Merger Agreement (the “Effective
Date”) and shall continue in effect, unless sooner terminated pursuant to Section 11.2, until the tenth (10th)
anniversary of the Effective Date. The provisions of the Plan shall continue thereafter to govern all outstanding Awards.

 

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

 

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

 

		(i)	Governing
Documents. In the event of any express contradiction between the Plan and any Award Agreement or any other written agreement
between a Participant and the Company or any Affiliate that has been approved by the Administrator, the express terms of the Plan
shall govern, unless it is expressly specified in such Award Agreement or other written document that such express provision of
the Plan shall not apply.

 

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		(j)	Withholding
Taxes. In addition to any rights or obligations with respect to the federal, state, local or foreign income taxes, withholding
taxes or employment taxes required to be withheld under applicable law, the Company or any Affiliate employing a Service Provider
shall have the right to withhold from the Service Provider, or otherwise require the Service Provider or an assignee to pay, any
such required withholding obligations arising as a result of grant, exercise, vesting or settlement of any Award or any other
taxable event occurring pursuant to the Plan or any Award Agreement, including, without limitation, to the extent permitted by
law, the right to deduct any such withholding obligations from any payment of any kind otherwise due to the Service Provider or
to take such other actions (including, without limitation, withholding any Shares or cash deliverable pursuant to the Plan or
any Award) as may be necessary to satisfy such withholding obligations.

 

		(k)	Section
409A. To the extent applicable, the Plan and Award Agreements shall be interpreted in accordance with Section 409A of the
Code and Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any
such regulations or other guidance that may be issued after the adoption of the Plan. Notwithstanding any provision of the Plan
to the contrary, in the event that following the adoption of the Plan, the Administrator determines that any Award may be subject
to Section 409A of the Code and related regulations and Department of Treasury guidance (including such Department of Treasury
guidance as may be issued after the adoption of the Plan), the Administrator may adopt such amendments to the Plan and the applicable
Award Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect),
or take any other actions, that the Administrator determines are necessary or appropriate to (a) exempt the Award from Section
409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Award, (b) comply with
the requirements of Section 409A of the Code and related Department of Treasury guidance or (c) comply with any correction
procedures available with respect to Section 409A of the Code. Notwithstanding anything else contained in this Plan or any Award
Agreement to the contrary, if a Service Provider is a “specified employee” at the time of the Service Provider’s
“separation from service” (as determined under Section 409A of the Code) then, to the extent necessary to comply with,
and avoid imposition on such Service Provider of any tax penalty imposed under, Section 409A of the Code, any payment required
to be made to a Service Provider hereunder upon or following his or her separation from service shall be delayed until the first
to occur of (i) the six-month anniversary of the Service Provider’s separation from service and (ii) the Service
Provider’s death. Should payments be delayed in accordance with the preceding sentence, the accumulated payment that would
have been made but for the period of the delay shall be paid in a single lump sum during the ten (10) day period following the
lapsing of the delay period. No provision of this Plan or an Award Agreement shall be construed to indemnify any Service Provider
for any taxes incurred by reason of Section 409A (or timing of incurrence thereof), other than an express indemnification provision
therefor.

 

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

 

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

 

 

16Exhibit 10.15

 

FORM
OF

ROLLOVER
NON-QUALIFIED STOCK OPTION AGREEMENT

 

This
Rollover Non-Qualified Stock Option Agreement (this “Agreement”) is made this ____ day of October, 2020,
between CuriosityStream Inc., a Delaware corporation (formerly Software Acquisition Group Inc, the “Company”),
and ______________ (the “Optionee”).

 

WHEREAS,
CuriosityStream Inc. (“Old CuriosityStream”) previously granted to the Optionee an option to purchase
shares of common stock of Old CuriosityStream (“Old CS Shares”) pursuant to that certain Nonstatutory
Stock Option Agreement (the “Old Option Agreement”), dated ________, and the Stock Option Plan of Old
CurisoityStream (the “Old Plan”) (such agreement and plan are attached for convenience at Annex
A);

 

WHEREAS,
on August 10, 2020, the Company and CS Merger Sub, Inc. (“Merger Sub”) a wholly owned subsidiary of
the Company, entered into an Agreement and Plan of Merger (the “Merger Agreement”1) with
Old CuriosityStream and Hendricks Factual Media LLC, as the majority stockholder of Old CuriosityStream, pursuant to which, on
October 14, 2020, Merger Sub merged with and into Old CuriosityStream, with Old CuriosityStream surviving the merger as a wholly
owned subsidiary of the Company;

 

WHEREAS,
under the terms of the Merger Agreement and in a manner intended to comply with the requirements of Section 409A of the Code and
the regulations promulgated thereunder regarding the substitution and assumption of stock rights by reason of a corporate transaction,
as of immediately prior to the Effective Time (as defined in the Merger Agreement), each stock option to purchase Old CS Shares
granted by Old CuriosityStream (an “Old Option”), whether vested or unvested, that was outstanding immediately
prior to the Effective Time was, by virtue of the occurrence of the Effective Time and without any action on the part of the Company,
Old CuriosityStream or the holder thereof, converted into the right to receive an option (a “New Option”)
(i) with respect to a number of Shares (rounded down to the nearest whole Share) equal to the product of (A) the applicable number
of Old CS Shares subject to such Old Option immediately prior to the Effective Time and (B) the Option Exchange Ratio (as defined
in the Merger Agreement), (ii) at an exercise price per Share (rounded up to the nearest whole share) equal to the quotient of
(A) the exercise price per Old CS Share of such Old Option immediately prior to the Effective Time and (B) the Option Exchange
Ratio;

 

WHEREAS,
each New Option shall be subject to the terms and conditions of the Company's 2020 Omnibus Incentive Plan (the “Plan”2),
but shall continue to have, and shall be subject to, the same vesting and exercise terms and conditions as applied to the corresponding
Old Option immediately prior to the Effective Time;

 

[FOR
LISTED PARTICIPANTS ONLY]

 

WHEREAS,
the Optionee is a Listed Participant as defined in Annex A to the Merger Agreement;

 

 

		1	The
Merger Agreement is filed as Annex A to the Definitive Proxy Statement filed by the Company with the Securities Exchange Commission
on September 22, 2020 (the “Proxy Statement”).

		2	The
Plan is filed as Annex C of the Proxy Statement.

 

     

     

    

 

WHEREAS,
the Company and the Optionee desire to confirm and evidence the conversion of the options previously granted to the Optionee pursuant
to the Old Option Agreement, as provided in the Merger Agreement; and

 

WHEREAS,
the Company and the Optionee understand and agree that any capitalized terms used herein, if not otherwise defined, shall have
the same meanings as in the Plan (the Optionee being referred to in the Plan as a “Participant”).

 

NOW,
THEREFORE, in consideration of the forgoing and following mutual covenants and for other good and valuable consideration,
the parties agree as follows:

 

1. Confirmation
of Option Conversion. The parties hereby evidence and confirm the conversion of the Old Option granted to the Optionee
under the Old Option Agreement for a New Option, as set forth on the signature page of this Agreement, in accordance with the
Merger Agreement. The Optionee acknowledges that, as a result of the conversion, the Optionee has no right to purchase, or any
other right in respect of, equity of Old CuriosityStream. The terms and conditions of the New Option shall be subject to the Plan,
which is incorporated herein by reference. The Optionee acknowledges that the definitive records pertaining to the New Option,
and exercises of rights with respect to the New Option, shall be retained by the Company. The Option is intended to be a Non-Qualified
Stock Option.

 

2. Vesting.
Subject to the Plan and this Agreement, the New Option has either vested or shall become vested as set forth on the signature
page of this Agreement, subject to the continuous employment of the Optionee with the Company until the applicable vesting date.
Notwithstanding the foregoing, and in accordance with the Old Option Agreement, if the Optionee’s services are terminated
by Old CuriosityStream (other than for cause), at any time within the six (6) month period immediately following a Change in Control
(as defined in the Old Plan), any portion of the New Option that is then unvested shall become immediately vested. Once vested
in accordance with the provisions of this Agreement or the Plan, the New Option may be exercised at any time and from time to
time prior to the 10th anniversary of the Grant Date (set forth on the signature page of this Agreement), or such earlier time
as is provided in the Plan. Options may only be exercised with respect to whole Shares.

 

3. Manner
of Exercise. Subject to such reasonable administrative regulations as the Administrator may adopt from time to time, the
exercise of the New Option by the Optionee shall be pursuant to procedures set forth in the Plan or established by the Administrator
from time to time and shall include the Optionee specifying the proposed date on which the Optionee desires to exercise the New
Option (the “Exercise Date”), the number of whole Shares with respect to which the Option is being exercised
(the “Exercise Shares”) and the aggregate Exercise Price for such Exercise Shares or such other or different
requirements as may be imposed by the Company. Unless otherwise determined by the Administrator, and subject to such other terms,
representations and warranties as the Administrator may deem appropriate, (i) on or before the Exercise Date, the Optionee shall
deliver to the Company full payment for the Exercise Shares in United States dollars in cash, or cash equivalents satisfactory
to the Company, in an amount equal to the aggregate Exercise Price plus, if required by the Administrator, any required withholding
taxes or other similar taxes, charges or fees (including, if available, pursuant to a broker-assisted cashless exercise program
established by the Company whereby the Optionee may exercise the New Option by an exercise-and-sell procedure in which the Exercise
Price (together with any required withholding taxes or other similar taxes, charges or fees) is obtained from the sale of shares
in the public market) and (ii) the Company shall register the issuance of the Exercise Shares on its records (or direct such issuance
to be registered by the Company’s transfer agent). The Company may require the Optionee to furnish or execute such other
documents as the Company shall reasonably deem necessary (i) to evidence such exercise or (ii) to comply with or satisfy the requirements
of the Securities Act, applicable state or non-U.S. securities laws or any other law.

 

    2

     

    

 

4. Forfeiture.
The section in the Old Option Agreement entitled “Forfeiture” shall continue to apply to the New Option to the same
extent as such section applied to the Old Option. In addition, the Optionee acknowledges and agrees that, pursuant to the Plan,
the Optionee shall be subject to the Company’s clawback policies and any generally applicable disgorgement or forfeiture
provisions or as required by applicable law after the date of this Agreement.

 

5. Non-Assignability.
The New Option shall not be transferable by the Optionee and shall be exercisable only by the Optionee, except as the Plan or
this Agreement may otherwise provide.

 

6. Notices.
Any notices required or permitted by the terms of this Agreement or the Plan shall be given as provided in the Old Option Agreement.

 

7. Governing
Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Delaware.

 

8. Waiver
of Jury Trial. Each of the parties hereto hereby irrevocably waives any and all right to trial by jury of any claim or
cause of action in any legal proceeding arising out of or related to this Agreement or the transactions or events contemplated
hereby or any course of conduct, course of dealing, statements (whether verbal or written) or actions of any party hereto. The
parties hereto each agree that any and all such claims and causes of action shall be tried by a court trial without a jury. Each
of the parties hereto further waives any right to seek to consolidate any such legal proceeding in which a jury trial has been
waived with any other legal proceeding in which a jury trial cannot or has not been waived.

 

9. Binding
Effect. This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties
hereto.

 

10. Authorization
To Share Personal Data. The Optionee authorizes any the Company and any Affiliate of the Company that employs the Optionee
or that otherwise has or lawfully obtains personal data relating to the Optionee to divulge or transfer such personal data to
the Company or to a third party, in each case in any jurisdiction, if and to the extent appropriate in connection with this Agreement
or the administration of the Plan.

 

11. No
Rights as Stockholder; No Voting Rights. The Optionee shall have no rights as a stockholder of the Company with respect
to any Shares covered by the New Option until the exercise of the New Option and delivery of the Exercise Shares.

 

    3

     

    

 

12. No
Right to Continued Employment. Nothing in this Agreement shall be deemed to confer on the Optionee any right to continue
in the employ of the Company or any Subsidiary, or to interfere with or limit in any way the right of the Company or any Subsidiary
to terminate such employment at any time.

 

13. Waiver;
Amendment. Any party hereto or beneficiary hereof may by written notice to the other parties (A) extend the time for the
performance of any of the obligations or other actions of the other parties under this Agreement, (B) waive compliance with any
of the conditions or covenants of the other parties contained in this Agreement and (C) waive or modify performance of any of
the obligations of the other parties under this Agreement. Except as provided in the preceding sentence, no action taken pursuant
to this Agreement, including, without limitation, any investigation by or on behalf of any party or beneficiary, shall be deemed
to constitute a waiver by the party or beneficiary taking such action of compliance with any representations, warranties, covenants
or agreements contained herein. The waiver by any party hereto or beneficiary hereof of a breach of any provision of this Agreement
shall not operate or be construed as a waiver of any preceding or succeeding breach and no failure by a party or beneficiary to
exercise any right or privilege hereunder shall be deemed a waiver of such party’s or beneficiary’s rights or privileges
hereunder or shall be deemed a waiver of such party’s or beneficiary’s rights to exercise the same at any subsequent
time or times hereunder. This Agreement may not be amended, modified or supplemented orally, but only by a written instrument
executed by the Optionee and the Company.

 

[remainder
of this page intentionally blank; signature page follows]

 

    4

     

    

 

Grant
Date:

 

__________

 

Number
of Shares under New Option and New Exercise Price:

 

	Old
Option
	New
    Option
	Number
    of Old CS Shares	Old
    Exercise Price	Number
    of Shares	New
    Exercise Price
	 	 	 	 

 

Vesting
Schedule of New Options:

 

	Number
of Shares
	Vesting
    Date
	 	 
	 	 
	 	 

 

[FOR
LISTED PARTICIPANTS ONLY]

[Accelerated
Vesting:

 

The
Accelerated Vesting Provisions in Annex B shall Apply to the New Options]

 

 ***

 

IN
WITNESS WHEREOF, the Company and the Optionee have caused this Agreement to be executed on their behalf, by their duly authorized
representatives, all on the day and year first above written.

 

	CURIOUSITYSTREAM INC.	 	OPTIONEE
	 	 	 
	 	 	 
	By:	                	 	 
	Its:	 	 	 

 

    5

     

    

 

Annex
A

Old
Option Agreement and Old Plan

 

STOCK
OPTION AGREEMENT

 

THIS
AGREEMENT is effective this ___ day of __________, 20__ (the “Grant Date”) between CuriosityStream Inc., a
Delaware corporation (the “Company”), and ______________ (the “Optionee”).

 

WHEREAS,
the Company desires to grant to the Optionee an option to purchase shares of its class A common capital stock (the “Shares”),
under the Company's Stock Option Plan attached as Exhibit 1 (the “Plan”); and

 

WHEREAS,
the Company and the Optionee understand and agree that any capitalized terms used herein, if not otherwise defined, shall have
the same meanings as in the Plan (the Optionee being referred to in the Plan as a “Participant”).

 

NOW,
THEREFORE, in consideration of the following mutual covenants and for other good and valuable consideration, the parties agree
as follows:

 

		1.	GRANT
OF OPTION

 

The
Company grants to the Optionee the right and option to purchase all or any part of an aggregate of __________ Shares (the “Option”)
on the terms and conditions and subject to all the limitations set forth herein and in the Plan, which are incorporated herein
by reference. The Optionee acknowledges receipt of a copy of the Plan and acknowledges that the definitive records pertaining
to the grant of this Option, and exercises of rights hereunder, shall be retained by the Company. The Option granted herein is
intended to be a Nonstatutory Option as defined in the Plan.

 

		2.	EXERCISE
PRICE

 

The
purchase price of the Shares subject to the Option (the “Exercise Price”) shall be the Fair Market Value of
the Shares as of the Grant Date. The Fair Market Value of the Shares as of the Grant Date to the best information of the Committee
is set forth in Exhibit 2 hereto. The foregoing notwithstanding, the Optionee acknowledges that the Company cannot and has not
guaranteed that a third-party valuation will recommend or the Internal Revenue Service (“IRS”) will agree that
the per Share Exercise Price of the Option equals or exceeds the fair market value of a Share on the Grant Date in a later determination.
The Optionee agrees that if: (a) the Company subsequently has a valuation analysis conducted that determines or recommends a different
Fair Market Value of the Shares as of the Grant Date from that set forth in Exhibit 2 hereto, the Company may consider and treat
the Shares as if such revised valuation recommendation is the Fair Market Value per Exhibit 2 hereto, or (b) the IRS determines
that the Option was granted with a per Share Exercise Price that was less than the fair market value of a Share on the Grant Date,
the Optionee shall be solely responsible for any costs or tax liabilities related to such a determination.

 

    6

     

    

 

		3.	EXERCISE
OF OPTION

 

Subject
to the Plan and this Agreement, the Option shall be exercisable as follows:

 

	 	 	EXERCISE PERIOD
	Number
    of Shares	 	Commencement
    Date	 	Expiration
    Date
	 	 	[Grant Date], +1 yr	 	[Day Before GD], +10 yr
	 	 	[Grant Date], +2 yr	 	[same as above]
	 	 	[Grant Date], +3 yr	 	[same as above]
	 	 	[Grant Date], + 4 yr	 	[same as above]

 

Notwithstanding
the foregoing, if the Optionee’s services are terminated by the Company (other than for cause, as such term is defined in
the Plan), at any time within the six (6) month period immediately following a Change in Control, one hundred percent (100%) of
the Shares which are otherwise unvested shall become immediately exercisable and vested. For purposes of this Agreement, a “Change
in Control” shall be deemed to occur on the earliest of (a) the purchase or other acquisition of outstanding shares
of the Company’s capital stock by any entity, person or group of beneficial ownership, as that term is defined in Rule 13d-3
under the Securities Exchange Act of 1934 (other than the Company or one of its subsidiaries or employee benefit plans), in one
or more transactions, such that the holder, as a result of such acquisition, now owns more than 50% of the outstanding capital
stock of the Company entitled to vote for the election of directors (“Voting Stock”); (b) the completion by
any entity, person, or group (other than the Company or one of its subsidiaries or employee benefit plans) of a tender offer or
an exchange offer for more than 50% of the outstanding Voting Stock of the Company; (c) the effective time of (1) a merger or
consolidation of the Company with one or more corporations as a result of which the holders of the outstanding Voting Stock of
the Company immediately prior to such merger or consolidation hold less than 50% of the Voting Stock of the surviving or resulting
corporation immediately after such merger or consolidation, or (2) a transfer of all or substantially all of the property or assets
of the Company other than to an entity of which the Company owns at least 80% of the Voting Stock, or (3) the approval by
the stockholders of the Company of a liquidation or dissolution of the Company; and (d) the election to the Board of Directors
of the Company, without the recommendation or approval of the incumbent Board of Directors (the “Incumbent Board”),
of directors constituting a majority of the number of directors of the Company then in office, provided that any person who becomes
a director subsequent to the date hereof whose election, or nomination for election by the Company’s stockholders, was approved
by a vote of at least a majority of the directors then comprising the Incumbent Board (other than an individual whose initial
assumption of office is in connection with an actual or threatened election contest relating to directors of the Company, as such
terms are used in Rule 14a-11 of Regulation 14A promulgated under the Securities Exchange Act of 1934) shall be, for purposes
of this section, considered as though such person was a member of the Incumbent Board.

 

    7

     

    

 

		4.	ISSUANCE
OF STOCK

 

The
Option may be exercised in whole or in part (to the extent that it is exercisable in accordance with its terms) by giving written
notice (or any other approved form of notice) to the Company. Such written notice shall be signed by the person exercising the
Option, shall state the number of Shares with respect to which the Option is being exercised, shall contain the warranty, if any,
required under the Plan and shall specify a date (other than a Saturday, Sunday or legal holiday) not less than five (5) nor more
than ten (10) days after the date of such written notice, as the date on which the Shares will be purchased, at the principal
office of the Company during ordinary business hours, or at such other hour and place agreed upon by the Company and the person
or persons exercising the Option, and shall otherwise comply with the terms and conditions of this Agreement and the Plan. On
the date specified in such written notice (which date may be extended by the Company if any law or regulation requires the Company
to take any action with respect to the Option Shares prior to the issuance thereof), the Company shall accept payment for the
Option Shares and shall deliver to the Optionee as soon as practicable thereafter an appropriate certificate or certificates for
the Shares as to which the Option was exercised. The Optionee shall, if the Company so requires, enter into a shareholders' agreement
on the date on which the Shares are purchased.

 

The
Exercise Price shall be payable at the time of exercise as determined by the Company in its sole discretion either:

 

		(a)	in
                                         cash, by certified check or bank check, or by wire transfer;

 

		(b)	in
                                         whole shares of the Company's common stock (including, without limitation, by the Company
                                         delivering to the Optionee a lesser number of Shares having a Fair Market Value on the
                                         date of exercise equal to the amount by which the Fair Market Value of the Shares for
                                         which the Option is exercised exceeds the Exercise Price of such Shares), provided, however,
                                         that (i) if such shares were acquired pursuant to an incentive stock option plan (as
                                         defined in Code Section 422) of the Company or Affiliate, then the applicable holding
                                         period requirements of said Section 422 have been met with respect to such shares, (ii)
                                         if the Optionee is subject to the reporting requirements of Section 16 of the Securities
                                         Exchange Act of 1934, as amended from time to time, and if such shares were granted pursuant
                                         to an option, then such option must have been granted at least six (6) months prior to
                                         the exercise of the Option hereunder, and (iii) the transfer of such shares as payment
                                         hereunder does not result in any adverse accounting consequences to the Company;

 

		(c)	through
                                         the delivery of cash or the extension of credit by a broker-dealer to whom the Optionee
                                         has submitted notice of exercise or otherwise indicated an intent to exercise an Option
                                         (a so-called “cashless” exercise); or

 

		(d)	in
                                         any combination of (a), (b) or (c) above.

 

The
Fair Market Value of any stock to be applied toward the Exercise Price shall be determined as of the date of exercise of the Option.
Any certificate for shares of outstanding stock of the Company used to pay the Exercise Price shall be accompanied by a stock
power duly endorsed in blank by the registered holder of the certificate, with signature guaranteed in the event the certificate
shall also be accompanied by instructions from the Optionee to the Company's transfer agent with respect to disposition of the
balance of the shares covered thereby.

 

    8

     

    

 

The
Company shall pay all original issue taxes with respect to the issuance of Shares pursuant hereto and all other fees and expenses
necessarily incurred by the Company in connection therewith. The holder of this Option shall have the rights of a stockholder
only with respect to those Shares covered by the Option which have been registered in the holder's name in the share register
of the Company upon the due exercise of the Option.

 

		5.	REPURCHASE
RIGHT

 

		(a)	Notice
                                         Prior to Sale or Transfer. The Optionee may not sell or otherwise transfer the Shares
                                         purchased pursuant to the exercise of all or part of this Option without first notifying
                                         the Company (the “Notice”). The Notice to the Company must be in writing
                                         and mailed to the Company by certified mail return receipt requested with a postal date
                                         stamp which date shall not be less than sixty (60) days before the date of the proposed
                                         sale or transfer. The Notice shall state the number of Shares proposed to be sold or
                                         transferred, the date of the proposed sale or transfer, the name and address of the proposed
                                         transferee, the number of Shares then held by the proposed transferee, the proposed sale
                                         or transfer price, and the terms and conditions of the sale or transfer. The Company
                                         or its assignee(s) then shall have the right to purchase the Shares proposed to be sold
                                         or transferred at the lesser of (i) the price set forth in the Notice, or (ii) the
                                         price as determined in Paragraph 5(c), below, and on the other terms set forth herein.

 

		(b)	Termination
                                         of Services. Except as otherwise set forth in Paragraph 5(a), above, beginning on
                                         the date nine (9) months following the date the Optionee’s position with the Company
                                         terminates (or, if earlier, six (6) months following the date the Optionee last exercised
                                         an Option hereunder, if the Optionee is no longer permitted to exercise any Option, but
                                         in no event prior to the date the Optionee’s position with the Company terminates),
                                         the Company or its assignee(s) shall have the right to purchase the Optionee’s
                                         Shares at the price as determined in Paragraph 5(c), below, and on the other terms set
                                         forth herein.

 

		(c)	Offer
                                         Price. Except as may otherwise be provided in Paragraph 5(a), above, the Shares shall
                                         be purchased at a price equal to their Stipulated Value. For purposes of this
                                         Paragraph 5, the “Stipulated Value” of the Shares shall be equal to
                                         the fair market value of the Shares on the date of the repurchase of the Shares, which
                                         value shall be based upon (i) the most recent grant of an Option under the Plan
                                         or, if more recent, (ii) the most recent cash purchase of equity securities of the
                                         Company by a bona fide third party investor (an “Equity Financing”),
                                         provided such Option grant or Equity Financing has occurred within the six (6) month
                                         period preceding the date of the proposed repurchase of the Shares. If no Option grant
                                         or Equity Financing has occurred within such six (6) month period, then the Stipulated
                                         Value of the Shares shall be equal to the fair market value of the Shares as determined
                                         by the Company’s Board of Directors. The Stipulated Value of the Shares as so determined
                                         shall be final, binding and conclusive on all parties. Notwithstanding the above, if
                                         the Optionee’s position with the Company was terminated for cause (as such term
                                         is defined in the Plan), the purchase price for all of the Shares in that event shall
                                         be equal to the Exercise Price set forth in Paragraph 2 or, if less, the Stipulated Value
                                         as determined in accordance with this Paragraph 5(c). Notwithstanding the foregoing,
                                         the purchase price, if any, shall be reduced by the value of any dividends paid in respect
                                         of the Shares between the date with respect to which the fair market value is determined
                                         and the date of the closing of the repurchase of the Shares.

 

    9

     

    

 

		(d)	Right
                                         of Repurchase. The Company or its assignee(s) shall have ninety (90) days from the
                                         date of the receipt of the Notice or three hundred sixty-five (365) days from the termination
                                         of the Optionee’s services to exercise the right to purchase or otherwise acquire
                                         all or any of the Shares. In the event of a repurchase under Paragraph 5(a), the Company
                                         or its assignee(s) shall exercise its right to purchase or otherwise acquire the Shares
                                         by giving written notice thereof to the Optionee (or the Optionee’s legal representative
                                         in the event of his or her death) within ninety (90) days of the receipt of the Notice.
                                         In the event of a repurchase under Paragraph 6(b), the Company or its assignee(s) shall
                                         exercise its right to purchase or otherwise acquire the Shares by giving written notice
                                         thereof to the Optionee (or the Optionee’s legal representative in the event of
                                         his or her death) between the ninth month following the termination of the Optionee’s
                                         services (or, if earlier, the sixth (6th) month following the date the Optionee
                                         last exercised an Option hereunder, if the Optionee is no longer permitted to exercise
                                         any Option, but in no event prior to the date the Optionee’s position with the
                                         Company terminates) and three hundred sixty-five (365) days following such termination.
                                         If the Company or its assignee(s) provides notice of its decision to so exercise, the
                                         purchase and sale of such Shares shall be consummated as soon as practicable at the principal
                                         office of the Company at the time and date specified in such notice to the Optionee.
                                         The purchase price may, at the Company’s or its assignee(s)’ discretion,
                                         be payable through the issuance of a note, with a term not to exceed five (5) years and
                                         which note shall bear interest at a commercially reasonable rate.

 

		(e)	Sale
                                         Upon Change in Ownership of the Company. Notwithstanding anything in this Paragraph 5
                                         to the contrary, in the context of a pending Change in Control, (i) the Optionee
                                         shall vote his or her Shares in favor of such Change in Control, shall tender his or
                                         her Shares if and as required under the applicable purchase or merger agreement (and/or
                                         be required to exercise any portion of the Option which is vested or becomes vested upon
                                         such Change in Control, which Option, if not then exercised, will expire immediately
                                         after such Change in Control) and shall execute the purchase or merger agreement and
                                         other related instruments negotiated by the Company and approved by the Board of Directors
                                         of the Company and (ii) the Optionee expressly covenants and agrees to waive any
                                         dissenters’ rights under applicable law. The purchase and sale of such Shares shall
                                         be consummated at the same time, on the same basis, and pursuant to the same conditions
                                         upon which payments are made to all other stockholders of the Company under the terms
                                         of the applicable Change in Control. The remaining Shares subject to the Option, if any,
                                         shall continue to become exercisable in accordance with the vesting schedule set forth
                                         in Paragraph 3. For purposes of this Agreement, a “Change in Control”
                                         shall be deemed to occur on the earliest of (a) the purchase or other acquisition
                                         of outstanding shares of the Company’s capital stock by any entity, person or group
                                         of beneficial ownership, as that term is defined in Rule 13d-3 under the Securities Exchange
                                         Act of 1934 (other than the Company or one of its subsidiaries or employee benefit plans),
                                         in one or more transactions, such that the holder, as a result of such acquisition, now
                                         owns more than 50% of the outstanding capital stock of the Company entitled to vote for
                                         the election of directors (“Voting Stock”); (b) the completion by
                                         any entity, person, or group (other than the Company or one of its subsidiaries or employee
                                         benefit plans) of a tender offer or an exchange offer for more than 50% of the outstanding
                                         Voting Stock of the Company; (c) the effective time of (1) a merger or consolidation
                                         of the Company with one or more corporations as a result of which the holders of the
                                         outstanding Voting Stock of the Company immediately prior to such merger or consolidation
                                         hold less than 50% of the Voting Stock of the surviving or resulting corporation immediately
                                         after such merger or consolidation, or (2) a transfer of all or substantially all of
                                         the property or assets of the Company other than to an entity of which the Company owns
                                         at least 80% of the Voting Stock, or (3) the approval by the stockholders of the
                                         Company of a liquidation or dissolution of the Company; and (d) the election to the Board
                                         of Directors of the Company, without the recommendation or approval of the incumbent
                                         Board of Directors (the “Incumbent Board”), of directors constituting
                                         a majority of the number of directors of the Company then in office, provided that any
                                         person who becomes a director subsequent to the date hereof whose election, or nomination
                                         for election by the Company’s stockholders, was approved by a vote of at least
                                         a majority of the directors then comprising the Incumbent Board (other than an individual
                                         whose initial assumption of office is in connection with an actual or threatened election
                                         contest relating to directors of the Company, as such terms are used in Rule 14a-11 of
                                         Regulation 14A promulgated under the Securities Exchange Act of 1934) shall be, for purposes
                                         of this section, considered as though such person was a member of the Incumbent Board.

 

    10

     

    

 

If
the Company or the holders of the Company’s securities enter into any negotiation or transaction for which Rule 506
(or any similar rule then in effect) promulgated by the Securities and Exchange Commission under the Securities Act of 1933 may
be available with respect to such negotiation or transaction (including a merger, consolidation or other reorganization), the
Optionee shall, at the request of the Company, appoint a purchaser representative (as such term is defined in Rule 501 (or
any similar rule then in effect) promulgated by the Securities and Exchange Commission under the Securities Act of 1933) reasonably
acceptable to the Company. If the Optionee appoints the purchaser representative designated by the Company, the Company will pay
the fees for such purchaser representative, but if the Optionee declines to appoint the purchaser representative designated by
the Company, the Optionee will appoint another purchaser representative (reasonably acceptable to the Company), and the Optionee
will be responsible for the fees of the purchaser representative so appointed.

 

		(f)	Disability
                                         or Death of the Optionee. Upon the termination of the Optionee’s services as
                                         the result of his or her Disability or death (or upon the Disability or death of the
                                         Optionee within the three (3) month period following the termination of his or her services
                                         (other than upon a termination for cause, as defined in the Plan)), the date nine (9)
                                         months following such death or, in the case of Disability, nine (9) months following
                                         the termination of the Optionee’s services as a result of such Disability (or,
                                         in either case, if earlier, the expiration of the originally prescribed term of the Option)
                                         shall be treated as the date the Optionee’s services with the Company terminates
                                         for purposes of Paragraphs 5(b) and 5(d).

 

		(g)	Removal
                                         of Repurchase Provision. The right of repurchase of the Company or its assignee(s)
                                         shall become null and void upon the occurrence of one of the following events:

 

    11

     

    

 

		(i)	Upon
the first sale of common stock by the Company to underwriters for the account of the Company pursuant to a registration statement
under the Securities Act of 1933, as amended, filed with and declared effective by the Securities and Exchange Commission, with
minimum net proceeds of Twenty Million Dollars ($20,000,000); or

 

		(ii)	In
the event of a sale or transfer pursuant to Paragraph 5(a), above, the failure of the Company or its assignee(s) to exercise its
right of repurchase as to all of the Shares, provided, however, that, upon such failure, the Optionee shall then be free for a
period of sixty (60) days following the date of the proposed sale or transfer as set forth in the Notice to sell or transfer the
Shares not repurchased to the same proposed transferee named in the Notice at the same exact price and on the same exact terms
and conditions set forth in the Notice and, provided further, that prior to and as a condition of any sale or transfer of the
Shares, the prospective transferee shall execute a counterpart of Paragraph 5 of this Agreement. If the Optionee fails to sell
or transfer the Shares as provided herein within such sixty (60) day period, the Shares shall again be subject to all of the restrictions
of this Paragraph 5.

 

		(h)	Extension
                                         of Repurchase Right. Notwithstanding anything to the contrary contained herein, all
                                         repurchases of Shares by the Company shall be subject to applicable restrictions contained
                                         in the Delaware General Corporation Law and in the Company’s and its subsidiaries’
                                         debt and equity financing agreements. If any such restrictions prohibit the repurchase
                                         of the Shares hereunder to which the Company otherwise is entitled, the Company may make
                                         such repurchases as soon as it is permitted and able to do so under such restrictions
                                         and based upon such procedures as the Company may then establish.

 

		6.	FORFEITURE

 

If
the Optionee violates the Standards of Conduct contained in sections 4.1 through 4.5 of the current Company Employee Handbook
attached hereto as Exhibit 3 (the “Protective Policies”), any grant, exercise, payment, delivery or transfer
made pursuant to this Agreement during the period of the breach, or during the two (2) year period prior to the breach, of the
Protective Policies shall be rescinded. The Company shall notify the Optionee in writing of any such rescission within one (1)
year of the date it acquires actual knowledge of such breach. Within ten (10) days after receiving such a notice from the Company,
the Optionee shall pay to the Company the amount of any gain realized or payment received as a result of the grant, exercise,
payment, delivery or transfer pursuant to the Option. Such payment shall be made either in cash or by returning to the Company
the number of Shares that the Optionee received in connection with the rescinded grant, exercise, payment, delivery or transfer.
The Company’s rights of rescission hereunder shall be in addition to any and all other remedies that may be available to
the Company at law or in equity in such event, including, without limitation, the right to request any court of competent jurisdiction
to issue a decree of specific performance or issue a temporary and permanent injunction, without the necessity of the Company
posting bond or furnishing other security and without proving special damages or irreparable injury, enjoining and restricting
the breach, or threatened breach, of any such covenant.

 

    12

     

    

 

Further
and notwithstanding anything herein or in the Plan or in any other agreement to the contrary, if the Optionee is an executive
officer of the Company, in the event of any accounting restatement resulting from material noncompliance with financial reporting
requirements under federal securities laws, any grant, exercise, payment, delivery or transfer made pursuant to this Agreement
during the three year period preceding the date on which the Company is required to prepare an accounting restatement, or as may
otherwise be mandated or modified under regulations promulgated pursuant to the Dodd-Frank Wall Street and Consumer Protection
Act of 2010, shall be rescinded and subject to clawback. Further, without limiting the foregoing, any grant, exercise, payment,
delivery or transfer made pursuant to this Agreement which is subject to recovery under any other law, government regulation,
stock exchange listing requirement or Company policy will be subject to such clawbacks or deductions as may be required to be
made pursuant to such law, government regulation, stock exchange listing requirement or Company policy.

 

		7.	NON-ASSIGNABILITY

 

This
Option shall not be transferable by the Optionee and shall be exercisable only by the Optionee, except as the Plan or this Agreement
may otherwise provide.

 

		8.	NOTICES

 

Any
notices required or permitted by the terms of this Agreement or the Plan shall be given by registered or certified mail, return
receipt requested, addressed as follows:

 

 

	 	To the Company:	8484 Georgia Avenue, Suite 700	 
	 	 	Silver Spring, Maryland 20910	 
	 	 	Attention:              Chief
Operating Officer and General Counsel
	 	 	 	 
	 	To the Optionee:	 	 
	 	 	 	 
	 	 	 	 

  

or
to such other address or addresses of which notice in the same manner has previously been given. Any such notice shall be deemed
to have been given when mailed in accordance with the foregoing provisions.

 

		9.	GOVERNING
LAW

 

This
Agreement shall be construed and enforced in accordance with the laws of the State of Delaware.

 

		10.	WAIVER
OF JURY TRIAL

 

Each
of the parties hereto hereby irrevocably waives any and all right to trial by jury of any claim or cause of action in any legal
proceeding arising out of or related to this Agreement or the transactions or events contemplated hereby or any course of conduct,
course of dealing, statements (whether verbal or written) or actions of any party hereto. The parties hereto each agree that any
and all such claims and causes of action shall be tried by a court trial without a jury. Each of the parties hereto further waives
any right to seek to consolidate any such legal proceeding in which a jury trial has been waived with any other legal proceeding
in which a jury trial cannot or has not been waived.

 

    13

     

    

 

		11.	BINDING
EFFECT

 

This
Agreement shall (subject to the provisions of Paragraph 7 hereof) be binding upon the heirs, executors, administrators, successors
and assigns of the parties hereto.

 

IN
WITNESS WHEREOF, the Company and the Optionee have caused this Agreement to be executed on their behalf, by their duly authorized
representatives, all on the day and year first above written.

 

	CURIOSITYSTREAM INC.	 	OPTIONEE
	 	 	 
	By:	 	 	 
	Its: 	Chief Operating Officer and General Counsel	 	 

  

    14

     

    

 

Exhibit
1 to Stock Option Agreement

 

CURIOSITYSTREAM
INC.

AMENDED
AND RESTATED

STOCK
OPTION PLAN

 

		I.	PURPOSE
AND DEFINITIONS

 

		A.	PURPOSE
OF THE PLAN

 

The
Plan is intended to encourage ownership of Shares by Eligible Employees and Key Non-Employees in order to attract and retain such
Eligible Employees in the employ of the Company or an Affiliate, or to attract such Key Non-Employees to provide services to the
Company or an Affiliate, and to provide additional incentive for such persons to promote the success of the Company or an Affiliate.

 

		B.	DEFINITIONS

 

Unless
otherwise specified or unless the context otherwise requires, the following terms, as used in this Plan, have the following meanings:

 

		1.	Affiliate
                                         means a corporation which, for purposes of Section 424 of the Code, is a parent or
                                         subsidiary of the Company, direct or indirect.

 

		2.	Board
                                         means the Board of Directors of the Company.

 

		3.	Code
                                         means the Internal Revenue Code of 1986, as amended.

 

		4.	Committee
                                         means the committee to which the Board delegates the power to act under or pursuant
                                         to the provisions of the Plan, or the Board if no committee is selected. If the Board
                                         delegates powers to a committee, and if the Company is or becomes subject to Section
                                         16 of the Exchange Act, then, if necessary for compliance therewith, such committee shall
                                         consist of not less than two (2) members of the Board, each member of which must be a
                                         “non-employee director,” within the meaning of the applicable rules promulgated
                                         pursuant to the Exchange Act. If the Company is or becomes subject to Section 16
                                         of the Exchange Act, no member of the Committee shall receive any Option pursuant to
                                         the Plan or any similar plan of the Company or any Affiliate while serving on the Committee
                                         unless the Board determines that the grant of such an Option satisfies the then current
                                         Rule 16b-3 requirements under the Exchange Act.

 

		5.	Common
                                         Stock means the class A common stock, $1.00 par value, of the Company.

 

		6.	Company
                                         means CuriosityStream Inc., a Delaware corporation, and includes any successor or
                                         assignee entity or entities into which the Company may be merged, changed, or consolidated;
                                         any entity for whose securities the securities of the Company shall be exchanged; and
                                         any assignee of or successor to substantially all of the assets of the Company.

    15

     

    

 

		7.	Disability
                                         or Disabled means permanent and total disability as defined in Section 22(e)(3)
                                         of the Code.

 

		8.	Eligible
                                         Employee means an employee of the Company or of an Affiliate (including, without
                                         limitation, an employee who also is serving as an officer or director of the Company
                                         or of an Affiliate), designated by the Board or the Committee as being eligible to be
                                         granted one or more Options under the Plan.

 

		9.	Exchange
                                         Act means the Securities Exchange Act of 1934, as amended from time to time, or any
                                         successor statute thereto.

 

		10.	Fair
                                         Market Value means, if the Shares are listed on any national securities exchange
                                         or quoted on the National Association of Securities Dealers Automated Quotation System
                                         (“NASDAQ”), the closing sales price, if any, on the largest such exchange
                                         or on NASDAQ, as applicable, on the valuation date, or, if none, on the most recent trade
                                         date immediately prior to the valuation date provided such trade date is no more than
                                         thirty (30) days prior to the valuation date. If the Shares are not then either listed
                                         on any such exchange or quoted on NASDAQ, or there has been no trade date within such
                                         thirty (30) day period, the fair market value shall be the mean between the average of
                                         the “Bid” and the average of the “Ask” prices, if any, as reported
                                         by the Electronic Quotation Service or OTC Markets Group, Inc. (or such equivalent reporting
                                         service) for the valuation date, or, if none, for the most recent trade date immediately
                                         prior to the valuation date provided such trade date is no more than thirty (30) days
                                         prior to the valuation date. If the fair market value cannot be determined under the
                                         preceding three sentences, it shall be determined in good faith by the Committee.

 

		11.	Incentive
                                         Option means an Option which, when granted, is intended to be an “incentive
                                         stock option,” as defined in Section 422 of the Code.

 

		12.	Key
                                         Non-Employee means a non-employee director, consultant, or independent contractor
                                         of the Company or of an Affiliate who is designated by the Board or the Committee as
                                         being eligible to be granted one or more Options under the Plan. For purposes of this
                                         Plan, a non-employee director shall be deemed to include the employer or other designee
                                         of such non-employee director, if the non-employee director is required, as a condition
                                         of his or her employment, to provide that any Option granted hereunder be made to the
                                         employer or other designee.

 

		13.	Nonstatutory
                                         Option means an Option which, when granted, is not intended to be an “incentive
                                         stock option,” as defined in Section 422 of the Code, or that subsequently fails
                                         to comply with the requirements of Section 422 of the Code.

 

		14.	Option
                                         means a right or option granted under the Plan.

 

    16

     

    

 

		15.	Option
                                         Agreement means an agreement between the Company and a Participant executed and delivered
                                         pursuant to the Plan.

 

		16.	Participant
                                         means an Eligible Employee to whom one or more Incentive Options or Nonstatutory
                                         Options are granted under the Plan, and a Key Non-Employee to whom one or more Nonstatutory
                                         Options are granted under the Plan.

 

		17.	Plan
                                         means this Stock Option Plan, as amended from time to time.

 

		18.	Shares
                                         means the following shares of the capital stock of the Company as to which Options
                                         have been or may be granted under the Plan: treasury shares or authorized but unissued
                                         Common Stock, $1.00 par value, or any shares of capital stock or securities into which
                                         the Shares are changed or for which they are exchanged within the provisions of Article
                                         VI of the Plan.

 

		II.	SHARES
SUBJECT TO THE PLAN

 

The
aggregate number of Shares as to which Options may be granted from time to time shall be as indicated in Schedule A (subject to
adjustment for stock splits, stock dividends, and other adjustments described in Article VI hereof). The aggregate number
of Shares as to which Incentive Options may be granted from time to time shall be as indicated in Schedule A (subject to adjustment
for stock splits, stock dividends and other adjustments described in Article VI hereof).

 

Shares
subject to Options that are forfeited, terminated, expire unexercised, canceled by agreement of the Company and the Participant
(whether for the purpose of repricing such Options or otherwise), settled in cash in lieu of Common Stock or in such manner that
all or some of the Shares covered by such Options are not issued to a Participant (or, if issued to the Participant, are returned
to the Company by the Participant pursuant to a right of repurchase or right of first refusal exercised by the Company), shall
immediately become available for Options. In addition, if the exercise price of any Option is satisfied by tendering Shares to
the Company (by actual delivery or attestation), only the number of Shares issued net of the Shares tendered shall be deemed delivered
for purposes of determining the maximum number of Shares available for Options.

 

Subject
to the provisions of Article VI, the aggregate number of Shares as to which Incentive Options may be granted shall be subject
to change only by means of an amendment of the Plan duly adopted by the Company and approved by the stockholders of the Company
within one year before or after the date of the adoption of any such amendment.

 

		III.	ADMINISTRATION
OF THE PLAN

 

The
Plan shall be administered by the Committee. A majority of the Committee shall constitute a quorum at any meeting thereof (including
by telephone conference) and the acts of a majority of the members present, or acts approved in writing by a majority of the entire
Committee without a meeting, shall be the acts of the Committee for purposes of this Plan. The Committee may authorize one or
more of its members or an officer of the Company to execute and deliver documents on behalf of the Committee. A member of the
Committee shall not exercise any discretion respecting himself or herself under the Plan. The Board shall have the authority to
remove or replace any member of, and to fill any vacancy on, the Committee upon notice to the Committee and the affected member,
if any. Any member of the Committee may resign upon notice to the Board. If permitted by applicable law, and in accordance with
any such law, the Committee may allocate among one or more of its members, or may delegate to one or more of its agents, such
duties and responsibilities as it determines.

 

    17

     

    

 

Subject
to the provisions of the Plan, the Committee is authorized to:

 

		A.	interpret
                                         the provisions of the Plan or of any Option or Option Agreement and to make all rules
                                         and determinations which it deems necessary or advisable for the administration of the
                                         Plan;

 

		B.	determine
                                         which employees of the Company or of an Affiliate shall be designated as Eligible Employees
                                         and which of the Eligible Employees shall be granted Options;

 

		C.	determine
                                         the Key Non-Employees to whom Nonstatutory Options shall be granted;

 

		D.	determine
                                         whether the Option to be granted shall be an Incentive Option or Nonstatutory Option;

 

		E.	determine
                                         the number of Shares for which an Option or Options shall be granted;

 

		F.	provide
                                         for the acceleration of the right to exercise an Option (or portion thereof); and

 

		G.	specify
                                         the terms and conditions upon which Options may be granted;

 

provided,
however, that with respect to Incentive Options, all such interpretations, rules, determinations, terms, and conditions shall
be made and prescribed in the context of preserving the tax status of the Incentive Options as “incentive stock options”
within the meaning of Section 422 of the Code.

 

The
Committee may delegate to the chief executive officer and to other senior officers of the Company or its Affiliates its duties
under the Plan pursuant to such conditions or limitations as the Committee may establish, except that only the Committee may select,
and grant Options to, Participants who are subject to Section 16 of the Exchange Act. All determinations of the Committee
shall be made by a majority of its members. No member of the Committee shall be liable for any action or determination made in
good faith with respect to the Plan or any Option.

 

		IV.	ELIGIBILITY
FOR PARTICIPATION

 

The
Committee may, at any time and from time to time, grant one or more Options to one or more Eligible Employees or Key Non-Employees
and may designate the number of Shares to be subject to each Option so granted, provided, however, that (i) each Participant
receiving an Incentive Option must be an Eligible Employee of the Company or of an Affiliate at the time an Incentive Option is
granted; (ii) no Incentive Options shall be granted after the expiration of ten (10) years from the earlier of the date of
the adoption of the Plan by the Company or the approval of the Plan by the stockholders of the Company; and (iii) the fair
market value of the Shares (determined at the time the Option is granted) as to which Incentive Options are exercisable for the
first time by any Eligible Employee during any single calendar year (under the Plan and under any other incentive option plan
of the Company or an Affiliate) shall not exceed $100,000.

 

    18

     

    

 

Notwithstanding
the foregoing, if the Company is or becomes subject to Section 16 of the Exchange Act, then no individual who is a member of the
Committee shall be eligible to receive an Option, unless the Board determines that the grant of the Option satisfies the then
current Rule 16b-3 requirements under the Exchange Act. If the Company is not subject to Section 16 of the Exchange Act, then
no individual who is a member of the Committee shall be eligible to receive an Option under the Plan unless the granting of such
Option shall be approved by the Committee, with all of the members voting thereon being disinterested members. For the purpose
of this Article IV, a “disinterested member” shall be any member who shall not then be, or at any time within the
year prior thereto have been, granted an Option under the Plan or any other plan of the Company or an Affiliate, other than an
Option granted under a formula plan established by the Company or an Affiliate.

 

Notwithstanding
any of the foregoing provisions, (i) the Committee may authorize the grant of an Option to a person not then in the employ
of or serving as a director, consultant, or independent contractor of the Company or of an Affiliate, conditioned upon such person
becoming eligible to become a Participant at or prior to the execution of the Option Agreement evidencing the actual grant of
such Option; and (ii) if the Company is not subject to the reporting requirements of Section 13 or 15(d) of the Exchange
Act, then the Committee may authorize the grant of an Option under this Plan to a person who resides in the State of California
only if such grant meets the requirements of Section 25102(o) of the California Securities Law.

 

		V.	TERMS
AND CONDITIONS OF OPTIONS

 

Each
Option shall be set forth in an Option Agreement, duly executed on behalf of the Company and by the Participant to whom such Option
is granted. Except for the setting of the Option price under Paragraph A, no Option shall be granted and no purported grant of
any Option shall be effective until such Option Agreement shall have been duly executed on behalf of the Company and by the Participant.
Each such Option Agreement shall be subject to at least the following terms and conditions:

 

		A.	OPTION
PRICE

 

In
the case of a Nonstatutory Option and in the case of an Incentive Option, and if, for such Incentive Option, the Participant owns
directly or by reason of the applicable attribution rules ten percent (10%) or less of the total combined voting power of all
classes of stock of the Company, the Option price per share of the Shares covered by each such Nonstatutory Option or Incentive
Option shall be not less than the Fair Market Value of the Shares on the date of the grant of the Option. In all other cases of
Incentive Options, the Option price shall be not less than one hundred ten percent (110%) of the Fair Market Value on the date
of grant.

 

		B.	NUMBER
OF SHARES

 

Each
Option shall state the number of Shares to which it pertains.

 

    19

     

    

 

		C.	TERM
OF OPTION

 

Each
Incentive Option shall terminate not more than ten (10) years from the date of the grant thereof, or at such earlier time as the
Option Agreement may provide, and shall be subject to earlier termination as herein provided, except that if the Option price
is required under Paragraph A of this Article V to be at least one hundred ten percent (110%) of Fair Market Value, each such
Incentive Option shall terminate not more than five (5) years from the date of the grant thereof, and shall be subject to earlier
termination as herein provided.

 

		D.	DATE
OF EXERCISE

 

Upon
the authorization of the grant of an Option, or at any time thereafter, the Committee may, subject to the provisions of Paragraph
C of this Article V, prescribe the date or dates on which the Option becomes exercisable, and may provide that the Option rights
become exercisable in installments over a period of years, and/or upon the attainment of stated goals. Unless the Committee otherwise
provides in writing, or unless otherwise required by law (including, if applicable, the Uniformed Services Employment and Reemployment
Rights Act), the date or dates on which the Option becomes exercisable shall be tolled during any unpaid leave of absence. It
is expressly understood that Options hereunder shall, unless otherwise provided for in writing by the Committee, be granted in
contemplation of, and earned by the Participant through the completion of, future employment or service with the Company.

 

		E.	MEDIUM
OF PAYMENT

 

The
Option price shall be paid on the date of purchase specified in the notice of exercise, as set forth in Paragraph I. It shall
be paid in such form (permitted by Section 422 of the Code in the case of Incentive Options) as the Committee shall, either by
rules promulgated pursuant to the provisions of Article III of the Plan, or in the particular Option Agreement, provide.

 

		F.	TERMINATION
OF EMPLOYMENT

 

		1.	A
                                         Participant who ceases to be an employee or Key Non-Employee of the Company or of an
                                         Affiliate for any reason other than death, Disability, or termination for cause, may
                                         exercise any Option granted to such Participant, to the extent that the right to purchase
                                         Shares thereunder has become exercisable by the date of such termination, but only within
                                         3 months (or such other period of time as the Committee may determine, with such determination
                                         in the case of an Incentive Option being made at the time of the grant of the Option
                                         and not exceeding three (3) months) after such date, or, if earlier, within the originally
                                         prescribed term of the Option, and subject to the conditions that (i) no Option
                                         shall be exercisable after the expiration of the term of the Option and (ii) unless
                                         the Committee otherwise provides, no Option that has not become exercisable by the date
                                         of such termination shall at any time thereafter be or become exercisable. A Participant's
                                         employment shall not be deemed terminated by reason of a transfer to another employer
                                         which is the Company or an Affiliate.

 

    20

     

    

 

		2.	A
                                         Participant who ceases to be an employee or Key Non-Employee for cause shall, upon such
                                         termination, cease to have any right to exercise any Option. For purposes of this Plan,
                                         cause shall be as defined in any employment or other agreement between the Participant
                                         and the Company (or an Affiliate) or, if there is no such agreement or definition therein,
                                         cause shall be defined to include (i) a Participant’s theft or embezzlement,
                                         or attempted theft or embezzlement, of money or property of the Company or of an Affiliate,
                                         a Participant’s perpetration or attempted perpetration of fraud, or a Participant’s
                                         participation in a fraud or attempted fraud, on the Company or an Affiliate or a Participant’s
                                         unauthorized appropriation of, or a Participant’s attempt to misappropriate, any
                                         tangible or intangible assets or property of the Company or an Affiliate; (ii) any
                                         act or acts by a Participant of disloyalty, dishonesty, misconduct, moral turpitude,
                                         or any other act or acts by a Participant injurious to the interest, property, operations,
                                         business or reputation of the Company or an Affiliate; (iii) a Participant’s
                                         commission of a felony or any other crime the commission of which results in injury to
                                         the Company or an Affiliate; (iv) any violation of any restriction on the disclosure
                                         or use of confidential information of the Company or an Affiliate, client, customer,
                                         prospect, or merger or acquisition target, or on competition with the Company or an Affiliate
                                         or any of its businesses as then conducted; or (v) any other action that the Board
                                         or the Committee, in their sole discretion, may deem to be sufficiently injurious to
                                         the interests of the Company or an Affiliate to constitute substantial cause for termination.
                                         The determination of the Board or the Committee as to the existence of cause shall be
                                         conclusive and binding upon the Participant and the Company.

 

		3.	Except
                                         as the Committee may otherwise expressly provide or determine (consistent with Section
                                         422 of the Code, if applicable), a Participant who is absent from work with the Company
                                         or an Affiliate because of temporary disability (any disability other than a permanent
                                         and total Disability as defined at Paragraph B(7) of Article I hereof), or who is on
                                         leave of absence for any purpose permitted by the Company or by any authoritative interpretation
                                         (i.e., regulation, ruling, case law, etc.) of Section 422 of the Code, shall not, during
                                         the period of any such absence, be deemed, by virtue of such absence alone, to have terminated
                                         his or her employment or relationship with the Company or with an Affiliate. For purposes
                                         of Incentive Options, no leave of absence may exceed ninety (90) days, unless reemployment
                                         upon expiration of such leave is guaranteed by statute or contract (or the Committee
                                         approves such longer leave of absence, in which event the Incentive Option held by the
                                         Participant shall be treated for tax purposes as a Nonstatutory Option on the date that
                                         is six (6) months following the first day of such leave).

 

		4.	Paragraph
                                         F(1) shall control and fix the rights of a Participant who ceases to be an employee or
                                         Key Non-Employee of the Company or of an Affiliate for any reason other than death, Disability,
                                         or termination for cause, and who subsequently becomes Disabled or dies. Nothing in Paragraphs
                                         G and H of this Article V shall be applicable in any such case except that, in the event
                                         of such a subsequent Disability or death within the 3 month period after the termination
                                         of employment or, if earlier, within the originally prescribed term of the Option, the
                                         Participant or the Participant's estate or personal representative may exercise the Option
                                         permitted by this Paragraph F, in the event of Disability, within 12 months after the
                                         date that the Participant ceased to be an employee or Key Non-Employee of the Company
                                         or of an Affiliate or, in the event of death, within 12 months after the date of death
                                         of such Participant.

    21

     

    

 

 

		G.	TOTAL
AND PERMANENT DISABILITY

 

A
Participant who ceases to be an employee or Key Non-Employee of the Company or of an Affiliate by reason of Disability may exercise
any Option granted to such Participant (i) to the extent that the right to purchase Shares thereunder has become exercisable on
or before the date such Participant becomes Disabled as determined by the Committee, and (ii) if the Option becomes exercisable
periodically under Paragraph D, to the extent of any additional rights that would have become exercisable had the Participant
not become so Disabled until after the close of business on the next periodic exercise date.

 

A
Disabled Participant, or his estate or personal representative, shall exercise such rights, if at all, only within a period of
not more than 12 months after the date that the Participant became Disabled as determined by the Committee (notwithstanding that
the Participant might have been able to exercise the Option as to some or all of the Shares on a later date if the Participant
had not become Disabled) or, if earlier, within the originally prescribed term of the Option.

 

		H.	DEATH

 

In
the event that a Participant to whom an Option has been granted ceases to be an employee or Key Non-Employee of the Company or
of an Affiliate by reason of such Participant's death, such Option, to the extent that the right is exercisable but not exercised
on the date of death, may be exercised by the Participant's estate or personal representative within 12 months after the date
of death of such Participant or, if earlier, within the originally prescribed term of the Option, notwithstanding that the decedent
might have been able to exercise the Option as to some or all of the Shares on a later date if the Participant were alive and
had continued to be an employee or Key Non-Employee of the Company or of an Affiliate.

 

		I.	EXERCISE
OF OPTION AND ISSUE OF STOCK

 

Options
shall be exercised by giving written notice to the Company. Such written notice shall: (l) be signed by the person exercising
the Option, (2) state the number of Shares with respect to which the Option is being exercised, (3) contain the warranty required
by paragraph M of this Article V, and (4) specify a date (other than a Saturday, Sunday or legal holiday) not less than five (5)
nor more than ten (10) days after the date of such written notice, as the date on which the Shares will be purchased. Such tender
and conveyance shall take place at the principal office of the Company during ordinary business hours, or at such other hour and
place agreed upon by the Company and the person or persons exercising the Option. On the date specified in such written notice
(which date may be extended by the Company in order to comply with any law or regulation which requires the Company to take any
action with respect to the Option Shares prior to the issuance thereof, whether pursuant to the provisions of Article VI or otherwise),
the Company shall accept payment for the Option Shares, and shall deliver to the person or persons exercising the Option in exchange
therefor an appropriate certificate or certificates for fully paid non-assessable Shares. In the event of any failure to pay for
the number of Shares specified in such written notice on the date set forth therein (or on the extended date as above provided),
the right to exercise the Option shall terminate with respect to such number of Shares, but shall continue with respect to the
remaining Shares covered by the Option and not yet acquired pursuant thereto.

 

    22

     

    

 

		J.	RIGHTS
AS A STOCKHOLDER

 

No
Participant to whom an Option has been granted shall have rights as a stockholder with respect to any Shares covered by such Option
except as to such Shares as have been issued to or registered in the Company's share register in the name of such Participant
upon the due exercise of the Option and tender of the full Option price.

 

		K.	ASSIGNABILITY
AND TRANSFERABILITY OF OPTION

 

Unless
both (i) an Option is transferred as part of estate planning, is compliant with the exemption set forth under Section 12(g) of
the Exchange Act (Release No. 34-56887) and the provisions of 17 C.F.R. 230.701 and the Participant retains any voting rights
associated with the Option and (ii) otherwise permitted by the Code and by Rule 16b-3 of the Exchange Act, if applicable, an Option
granted to a Participant shall not be transferable by the Participant and shall be exercisable, during the Participant's lifetime,
only by such Participant or, in the event of the Participant’s incapacity, his guardian or legal representative. Except
as otherwise permitted herein, such Option shall not be assigned, pledged or hypothecated in any way (whether by operation of
law or otherwise) and shall not be subject to execution, attachment, or similar process. Any attempted transfer, assignment, pledge,
hypothecation or other disposition of any Option or of any rights granted thereunder contrary to the provisions of this Paragraph
K, or the levy of any attachment or similar process upon an Option or such rights, shall be null and void.

 

		L.	OTHER
PROVISIONS

 

The
Option Agreement for an Incentive Option shall contain such limitations and restrictions upon the exercise of the Option as shall
be necessary in order that such Option qualifies as an “incentive stock option” within the meaning of Section 422
of the Code. Further, the Option Agreements authorized under the Plan shall be subject to such other terms and conditions including,
without limitation, restrictions upon the exercise of the Option, as the Committee shall deem advisable and which, in the case
of Incentive Options, are not inconsistent with the requirements of Section 422 of the Code.

 

    23

     

    

 

		M.	PURCHASE
FOR INVESTMENT

 

Unless
the Shares to be issued upon the particular exercise of an Option shall have been effectively registered under the Securities
Act of 1933, as now in force or hereafter amended, the Company shall be under no obligation to issue the Shares covered by such
exercise unless and until the following conditions have been fulfilled. In accordance with the direction of the Committee, the
persons who exercise such Option shall warrant to the Company that, at the time of such exercise, such persons are acquiring their
Option Shares for investment and not with a view to, or for sale in connection with, the distribution of any such Shares, and
shall make such other representations, warranties, acknowledgments and/or affirmations, if any, as the Committee may require.
In such event, the persons acquiring such Shares shall be bound by the provisions of the following legend (or similar legend)
which shall be endorsed upon the certificate(s) evidencing their Option Shares issued pursuant to such exercise.

 

“The
shares represented by this certificate have been acquired for investment and they may not be sold or otherwise transferred by
any person, including a pledgee, in the absence of an effective registration statement for the shares under the Securities Act
of 1933 or an opinion of counsel satisfactory to the Company that an exemption from registration is then available.”

 

“The
shares of stock represented by this certificate are subject to the terms and conditions of a certain Stock Option Agreement by
and between the Company and the optionee. A copy of the Agreement is on file in the office of the Secretary of the Company. The
Agreement provides, among other things, for restrictions upon the holder's right to transfer the shares represented hereby, and
for certain prior rights to purchase and certain obligations to sell the shares of common stock evidenced by this certificate
at a designated purchase price determined in accordance with certain procedures. Any attempted transfer of these shares other
than in compliance with the Agreement shall be void and of no effect. By accepting the shares of stock evidenced by this certificate,
any permitted transferee agrees to be bound by all of the terms and conditions of said Agreement.”

 

Without
limiting the generality of the foregoing, the Company may delay issuance of the Shares until completion of any action or obtaining
any consent that the Company deems necessary under any applicable law (including without limitation state securities or “blue
sky” laws).

 

		VI.	ADJUSTMENTS
UPON CHANGES IN CAPITALIZATION; SALE OF COMPANY

 

If
the outstanding Shares of the Company are changed into or exchanged for a different number or kind of shares or other securities
of the Company or of another entity by reason of any reorganization, merger, or consolidation, or if a change is made to the Common
Stock of the Company by reason of any recapitalization, reclassification, change in par value, stock split, reverse stock split,
combination of shares or dividend payable in capital stock, or the like, the Company shall make adjustments to such Options (including,
by way of example and not by way of limitation, the grant of substitute options under the Plan or under the plan of such other
entity) as it may determine to be appropriate under the circumstances, and, in addition, appropriate adjustments shall be made
in the number and kind of shares or securities and in the option price per share or security subject to outstanding options under
the Plan or under the plan of such successor entity. No such adjustment shall be made which shall, within the meaning of Sections
424 and 409A of the Code, as applicable, constitute such a modification, extension, or renewal of an option as to cause the adjustment
to be considered as the grant of a new option.

 

    24

     

    

 

Notwithstanding
anything herein to the contrary, the Company may, in its sole discretion, accelerate the timing of the exercise provisions of
any Option in the event of (i) the adoption of a plan of merger or consolidation under which a majority of the Shares of
the Company would be eliminated, or (ii) a sale or exchange of all or any portion of the Company’s assets or equity
securities. Alternatively, the Company may, in its sole discretion and without the consent of the Participants, provide for one
or more of the following: (i) the assumption of the Plan and outstanding Options by the surviving entity or its parent; (ii) the
substitution by the surviving entity or its parent of Options with substantially the same terms for such outstanding Options;
(iii) immediate exercisability of such outstanding Options followed by cancellation of such Options; and (iv) settlement of the
intrinsic value of the outstanding vested Options in cash or cash equivalents or equity followed by the cancellation of all Options
(whether or not then vested or exercisable). In connection with any such transaction, each Participant shall, to the extent so
provided under the definitive transaction agreement, (i) join on a pro rata basis in all purchase price adjustments, contingent
payments, indemnification and other obligations of the Company’s equityholders in connection with such transaction, (ii)
be bound by the appointment of any equityholder representative who shall represent the Company’s equityholders under the
definitive transaction agreement as the representative, agent, proxy, and attorney-in-fact for the Participant, with the power
and authority to act on the Participant’s behalf with respect to the definitive transaction agreement, and (iii) execute
such additional agreements or documentation, if any, as may be required under the definitive transaction agreement to reflect
the foregoing or the treatment of the Participant’s Options, including without limitation, letters of transmittal or cash-out
agreements.

 

Upon
a business combination by the Company or any of its Affiliates with any corporation or other entity through the adoption of a
plan of merger or consolidation or a share exchange or through the purchase of all or substantially all of the capital stock or
assets of such other corporation or entity, the Board or the Committee may, in its sole discretion, grant Options pursuant hereto
to all or any persons who, on the effective date of such transaction, hold outstanding options to purchase securities of such
other corporation or entity and who, on and after the effective date of such transaction, will become employees or directors of,
or consultants to, the Company or its Affiliates. The number of Shares subject to such substitute Options shall be determined
in accordance with the terms of the transaction by which the business combination is effected. Notwithstanding the other provisions
of this Plan, the other terms of such substitute Options shall be substantially the same as or economically equivalent to the
terms of the options for which such Options are substituted, all as determined by the Board or by the Committee, as the case may
be. Upon the grant of substitute Options pursuant hereto, the options to purchase securities of such other corporation or entity
for which such Options are substituted shall be canceled immediately.

 

		VII.	DISSOLUTION
OR LIQUIDATION OF THE COMPANY

 

Upon
the dissolution or liquidation of the Company other than in connection with a transaction to which the preceding Article VI is
applicable, all Options granted hereunder shall terminate and become null and void; provided, however, that if the rights of a
Participant under the applicable Options have not otherwise terminated and expired, the Participant shall have the right immediately
prior to such dissolution or liquidation to exercise any Option granted hereunder to the extent that the right to purchase shares
thereunder has become exercisable as of the date immediately prior to such dissolution or liquidation.

 

    25

     

    

 

		VIII.	TERMINATION
OF THE PLAN

 

The
Plan shall terminate (10) years from the earlier of the date of its adoption or the date of its approval by the stockholders.
The Plan may be terminated at an earlier date by vote of the stockholders or the Board; provided, however, that any such earlier
termination shall not affect any Options granted or Option Agreements executed prior to the effective date of such termination.
Except as may otherwise be provided for under Articles VI and VII, and notwithstanding the termination of the Plan, any Options
granted prior to the effective date of the Plan's termination may be exercised until the earlier of (i) the date set forth
in the Option Agreement, or (ii) in the case of Incentive Options, ten (10) years from the date the Option is granted, and
the provisions of the Plan with respect to the full and final authority of the Committee under the Plan shall continue to control.

 

		IX.	AMENDMENT
OF THE PLAN AND AWARDS

 

The
Plan may be amended by the Board and such amendment shall become effective upon adoption by the Board; provided, however, that
any amendment shall be subject to the approval of the stockholders of the Company at or before the next annual meeting of the
stockholders of the Company if such stockholder approval is required by the Code, any federal or state law or regulation, the
rules of any stock exchange or automated quotation system on which the Shares may be listed or quoted, or if the Board, in its
discretion, determines to submit such changes to the Plan to its stockholders for approval. Further, no amendment to the Plan
which reduces the Option exercise price below that provided for in Article V of the Plan shall be effective unless it is approved
by the stockholders of the Company.

 

The
Board may amend the terms of any Option theretofore granted, prospectively or retroactively, but no such amendment shall (a) materially
impair the rights of any Participant without his or her consent or (b) except for adjustments made pursuant to Article VI, reduce
the exercise price of outstanding Options or cancel or amend outstanding Options for the purpose of repricing, replacing, or regranting
such Options with an exercise price that is less than the exercise price of the original Options or cancel or amend outstanding
Options with an exercise price that is greater than the Fair Market Value of a Share for the purpose of exchanging such Options
for cash without stockholder approval.

 

		X.	EMPLOYMENT
RELATIONSHIP

 

Nothing
herein contained shall be deemed to prevent the Company or an Affiliate from terminating the employment of a Participant, nor
to prevent a Participant from terminating the Participant's employment with the Company or an Affiliate, unless otherwise limited
by an agreement between the Company (or an Affiliate) and the Participant.

 

    26

     

    

 

		XI.	INDEMNIFICATION
OF COMMITTEE

 

In
addition to such other rights of indemnification as they may have as directors or as members of the Committee, the members of
the Committee shall, to the extent permitted by the laws of the State of Delaware, be indemnified by the Company against all reasonable
expenses, including attorneys' fees, actually and reasonably incurred in connection with the defense of any action, suit or proceeding,
or in connection with any appeal therein, to which they or any of them may be a party by reason of any action taken by them as
members of the Committee and against all amounts paid by them in settlement thereof (provided such settlement is approved by independent
legal counsel selected by the Company) or paid by them in satisfaction of a judgment in any such action, suit or proceeding, except
in relation to matters as to which it shall be adjudged in such action, suit or proceeding that the Committee member is liable
for gross negligence or willful misconduct in the performance of his or her duties. To receive such indemnification, a Committee
member must first offer in writing to the Company the opportunity, at its own expense, to defend any such action, suit or proceeding.

 

		XII.	MITIGATION
OF EXCISE TAX

 

Unless
otherwise provided for in the Option Agreement or in any other agreement between the Company (or an Affiliate) and the Participant,
if any payment or right accruing to a Participant under this Plan (without the application of this Article XII), either alone
or together with other payments or rights accruing to the Participant from the Company or an Affiliate would constitute a “parachute
payment” (as defined in Section 280G of the Code and regulations thereunder), such payment or right shall be reduced to
the largest amount or greatest right that will result in no portion of the amount payable or right accruing under the Plan being
subject to an excise tax under Section 4999 of the Code or being disallowed as a deduction under Section 280G of the Code.
The determination of whether any reduction in the rights or payments under this Plan is to apply shall be made by the Company.
The Participant shall cooperate in good faith with the Company in making such determination and providing any necessary information
for this purpose.

 

		XIII.	SAVINGS
CLAUSE

 

This
Plan is intended to comply in all respects with applicable law and regulations, including, (i) with respect to those Participants
who are officers or directors for purposes of Section 16 of the Exchange Act, Rule 16b-3 of the Securities and Exchange
Commission, if applicable, (ii) Section 402 of the Sarbanes-Oxley Act, if applicable, and (iii) Code Section 409A. In
case any one or more provisions of this Plan shall be held invalid, illegal, or unenforceable in any respect under applicable
law and regulation (including Rule 16b-3 and Code Section 409A), the validity, legality, and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby and the invalid, illegal, or unenforceable provision shall be
deemed null and void; however, to the extent permitted by law, any provision that could be deemed null and void shall first be
construed, interpreted, or revised retroactively to permit this Plan to be construed in compliance with all applicable law (including
Rule 16b-3 and Code Section 409A) so as to foster the intent of this Plan. Notwithstanding anything herein to the contrary,
with respect to Participants who are officers and directors for purposes of Section 16 of the Exchange Act, no grant of an
Option to purchase Shares shall permit unrestricted ownership of Shares by the Participant for at least six (6) months from the
date of the grant of such Option, unless the Board determines that the grant of such Option to purchase Shares otherwise satisfies
the then current Rule 16b-3 requirements.

 

    27

     

    

 

		XIV.	WITHHOLDING

 

Except
as otherwise provided by the Committee,

 

		A.	the
                                         Company shall have the power and right to deduct or withhold, or require a Participant
                                         to remit to the Company, an amount sufficient to satisfy the minimum federal, state,
                                         and local taxes required by law to be withheld with respect to any grant, exercise, or
                                         payment made under or as a result of this Plan; and

 

		B.	in
                                         the case of any taxable event hereunder, a Participant may elect, subject to the approval
                                         in advance by the Committee, to satisfy the withholding requirement, if any, in whole
                                         or in part, by having the Company withhold Shares of Common Stock that would otherwise
                                         be transferred to the Participant having a Fair Market Value, on the date the tax is
                                         to be determined, equal to the minimum marginal tax that could be imposed on the transaction.
                                         All elections shall be made in writing and signed by the Participant.

 

		XV.	EFFECTIVE
DATE

 

This
Plan shall become effective upon adoption by the Board, provided that the adoption of the Plan shall be subject to the approval
of the stockholders of the Company if such stockholder approval is required by the Code, any federal or state law or regulations,
the rules of any stock exchange or automated quotation system on which the Shares may be listed or quoted, or if the Board, in
its discretion, desires to submit the Plan to its stockholders for approval.

 

		XVI.	FOREIGN
JURISDICTIONS

 

To
the extent the Committee determines that the restrictions imposed by the Plan preclude the achievement of the material purposes
of the Plan in jurisdictions outside the United States of America, the Committee in its discretion may modify those restrictions
as it determines to be necessary or appropriate to conform to applicable requirements or practices of jurisdictions outside of
the United States of America.

 

		XVII.	GOVERNING
LAW

 

This
Plan shall be governed by the laws of the State of Delaware and construed in accordance therewith.

 

Amended
and Restated this 1st day of January, 2020.

 

    28

     

    

 

Exhibit
2 to Stock Option Agreement

 

Fair
Market Value of the Shares as of the Grant Date: [US$2.65 ][REVIEW AND UPDATE AS NECESSARY]

 

    29

     

    

Exhibit
3 to Stock Option Agreement

 

Protective
Policies

 

		4	STANDARDS
                                         OF CONDUCT

 

		4.1	Code
of Ethics

 

All
CuriosityStream employees must abide by the company’s Code of Ethics, which is designed to deter wrongdoing and to promote
professional and ethical conduct among all CuriosityStream employees. In addition to other policies relating to ethics, such as
those regarding confidentiality and conflict of interest, employees agree to:

 

(a) act
with honesty and integrity in general;

(b) comply
with applicable laws, rules and regulations of governmental authorities and regulatory agencies;

(c) act
in good faith, responsibly, with due care, competence or diligence, and avoid misrepresentation of facts; and

(d) promote
ethical behavior in the work environment and report any illegal or unethical conduct by any employee to the reporting employee’s
manager or the General Counsel.

 

Any
violation by full-time, part-time or temporary employees of any of these obligations will constitute grounds for termination of
employment at CuriosityStream among other remedies.

 

		4.2	Information
Security

 

The
company has developed and implemented a comprehensive written information security program (WISP), to create effective administrative,
technical and physical safeguards to protect the personal information it collects, creates, uses and maintains. The up-to-date
WISP is attached hereto and incorporated by reference and posted on the company Intranet site.

 

		4.3	Confidentiality

 

All
employees of CuriosityStream have an obligation to maintain the confidentiality of non-public information and to use such information
only in the course of employment. In particular:

 

(a) During
and after employment by CuriosityStream, employees may not disclose any confidential information to anyone outside of CuriosityStream,
and may not use (or permit anyone else to use) any such information, except as required in the course of performing work for CuriosityStream
or as required by law.

 

(b) Prior
to conclusion of employment at CuriosityStream, employees must return to CuriosityStream confidential information (all originals
and copies) embodied in any form (including without limitation, paper, electronic, digital and the like).

 

(c) All
trade secrets, inventions, writing or other asset, property or information developed or created in the course of employment with
CuriosityStream is the property of CuriosityStream and employees may not exercise any ownership of such information or creation.

 

    30

     

    

 

(d) Knowledge
of confidential, proprietary or competitive information gained through the course of employment with CuriosityStream should be
handled with discretion. Employees may not talk to the press on any CuriosityStream-related matter. Employees contacted by the
press are required to contact their manager who will coordinate CuriosityStream’s response with senior management.

 

(e) The
personal information of individuals, such as other employees or customers of the company, constitutes confidential and sensitive
information and is subject to the specific policies set forth in the company’s WISP, referred to and incorporated by reference
in Section 4.2 of this Handbook, and posted separately on the company Intranet.

 

		4.4	Conflict
of Interest

 

The
term “conflict of interest” encompasses any interest that is, or might be, adverse to the best interests of CuriosityStream,
or that influences, or might influence, any employee to act in a manner other than in the best interests of CuriosityStream.

 

Employees
should not take part in activities that could give rise to a conflict of interest, or the appearance of a conflict of interest,
between an employee and CuriosityStream. Examples include:

 

		●	Evaluation
by an employee of a bid presented to CuriosityStream in which the employee has a financial interest;

 

		●	Acceptance
by an employee of a gift or other substantial benefit (in excess of $250 or valued in excess of $250) from another party who does
business with CuriosityStream;

 

		●	Diverting
or rejecting an opportunity for CuriosityStream, if the employee takes this action to benefit himself or herself directly or indirectly.

 

Not
all outside interests of employees, whether in business, professions or vocations pursued for personal reasons rather than for
the benefit of CuriosityStream, constitute a conflict of interest. An individual’s position and area of responsibility will
largely determine whether an outside interest or outside work constitutes a conflict of interest. The prime requirement is disclosure
so that appropriate personnel may evaluate the possibility of conflict and take necessary remedial actions, but employees should
avoid even apparent conflicts of interest.

 

An
employee considering an outside business or other activity, accepting a gift or benefit, or any situation that might give rise
to a conflict of interest or appearance of conflict of interest should discuss the matter with his/her manager and the General
Counsel. If it is determined that a conflict of interest exists or could arise, CuriosityStream may require an employee to either
divest himself or herself of the outside conflicting interest, or to resign from his or her position at CuriosityStream.

 

		4.5	Use
of Facilities and Equipment

 

Company
property, such as equipment, vehicles, telephones, computers and software are provided for business use. Personal use of facilities
and equipment must be kept to a minimum and must not interfere with work responsibilities. Company property must be used in the
manner for which it was intended. Upon termination, employees are required to surrender any company property they possess. Violations
of these policies could result in disciplinary action up to and including termination.

 

    31

     

    

 

[FOR
LISTED PARTICIPANTS ONLY]

Annex
B

Accelerated
Option Vesting for Listed Participants

 

If
the Optionee’s employment is terminated by the Company or any of its Subsidiaries or any successor other than for Cause
(as defined below), or by the Optionee with Good Reason (as defined below), in each case, during the two-year period following
the Closing Date (as defined in the Merger Agreement), then (1) any portion of the New Option then held by the Optionee that is
then unvested shall immediately vest in full, and (2) the New Option then held by the Optionee (whether vested pursuant to this
Annex B or otherwise) shall remain outstanding and exercisable until the earlier of (a) three (3) months after the effective date
of the Optionee’s termination of employment and (ii) the expiration of the term of the New Option.

 

“Cause”
means: (a) the Optionee’s commission of any material crime involving fraud, theft, or false statements or any crime that
is a felony; (b) the Optionee’s breach of fiduciary duty, willful misconduct or gross negligence in performing the Optionee’s
employment-related duties for the Company or any of its Subsidiaries that is not cured, if susceptible to cure, within 30 days
following written notice to the Optionee of such failure; (c) the Optionee’s willful and continued failure to perform the
Optionee’s material employment-related duties for the Company or any of its Subsidiaries that is not cured, if susceptible
to cure, within 30 days following written notice to the Optionee of such failure; (d) the Optionee’s willful violation of
any material policy of the Company or any of its Subsidiaries as in effect from time to time (including, without limitation, policies
governing discrimination or harassment) that is not cured, if susceptible to cure, within 30 days following written notice to
the Optionee of such failure; (e) the Optionee’s illegal possession of a controlled substance, use of illegal drugs, repetitive
abuse of alcohol, or other behavior that materially interferes with the performance of the Optionee’s duties to the Company
or its subsidiaries or that compromises the integrity and reputation of the Optionee or the Company or its subsidiaries; or (f)
the Optionee’s material breach of any noncompetition or nonsolicitation agreement to which the Optionee is a party with
the Company or any of its Subsidiaries.

 

“Good
Reason” means, in the absence of a written consent of the Optionee: (a) a material diminution of the Optionee’s
duties, title, authority, reporting lines or responsibilities (it being understood and agreed that any changes to the Optionee’s
duties, title, authority, reporting lines or responsibilities in connection with the transactions contemplated by the Merger Agreement
that are instituted on or prior to the Effective Time shall not constitute Good Reason); (b) a material reduction of the Optionee’s
annual base salary or annual target bonus opportunity; or (c) a material breach by the Company or any of its Subsidiaries of any
written agreement between the Optionee, on the one hand, and the Company or any of its Subsidiaries, on the other hand; provided,
however, that, it shall be a prerequisite of any such termination for Good Reason that the Optionee shall have given the
Company written notice within thirty (30) days following the event or events giving rise to Good Reason, specifying in reasonable
detail the nature and circumstances of such Good Reason, and given the Company thirty (30) days to cure any such Good Reason prior
to any such termination (the “Good Reason Cure Period”). If the Company fails to remedy the condition
constituting Good Reason during the Good Reason Cure Period, the Optionee’s termination of employment must occur, if at
all, within thirty (30) days following such Good Reason Cure Period for such termination as a result of such condition to constitute
a termination for Good Reason. If the Company cures the Good Reason event during the Good Reason Cure Period, then Good Reason
shall be deemed to have not occurred.

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