Document:

Exhibit
10.7

 

PAYONEER
GLOBAL INC.

OMNIBUS INCENTIVE PLAN

 

Section
1.Purpose. The purpose of the Payoneer Global Inc. Omnibus Incentive Plan (as amended from time to time, the
“Plan”) is to motivate and reward employees and other individuals to perform at the highest level and contribute
significantly to the success of Payoneer Global Inc., a Delaware corporation (the “Company”), thereby furthering
the best interests of the Company and its shareholders. The Plan (including any Sub-plans established hereunder in accordance with
Section 4(c)) shall serve as the primary plan under which equity-based incentives are awarded on a worldwide basis to
Participants.

 

Section
2.Definitions. As used in the Plan, the following terms shall have the meanings set forth below:

 

(a) “Affiliate”
means any entity that, directly or indirectly through one or more intermediaries controls, is controlled by or is under common control
with, the Company.

 

(b) “Award”
means any Option, SAR, Restricted Stock, RSU, Performance Award, Other Cash-Based Award or Other Stock-Based Award granted under the
Plan.

 

(c) “Award
Agreement” means any agreement, contract or other instrument or document (including in electronic form) evidencing any Award
granted under the Plan, which may, but need not, be executed or acknowledged by a Participant.

 

(d) “Beneficial
Owner” has the meaning ascribed to such term in Rule 13d-3 under the Exchange Act.

 

(e) “Beneficiary”
means a Person entitled to receive payments or other benefits or exercise rights that are available under the Plan in the event of a
Participant’s death. If no such Person can be named or is named by a Participant, or if no Beneficiary designated by a Participant
is eligible to receive payments or other benefits or exercise rights that are available under the Plan at a Participant’s death,
such Participant’s Beneficiary shall be such Participant’s estate.

 

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

 

(g) “Cause”
is as defined in Participant’s Service Agreement, if any, or Award Agreement or, if not so defined, means: (i) any theft, fraud,
embezzlement, dishonesty, willful misconduct, breach of fiduciary duty for personal profit, falsification of any documents or records
of the Company or any of its Affiliates, felony or similar act by Participant (whether or not related to Participant’s relationship
with the Company); (ii) an act of moral turpitude by Participant, or any act that causes significant injury to, or is otherwise adversely
affecting, the reputation, business, assets, operations or business relationship of the Company (or a Subsidiary or Affiliate, when applicable);
(iii) any breach by Participant of any material agreement with or of any material duty of Participant to the Company or any Subsidiary
or Affiliate thereof (including breach of confidentiality, non-disclosure, non-use non-competition or non-solicitation covenants towards
the Company or any of its Affiliates) or failure to abide by code of conduct or other policies (including, without limitation, policies
relating to confidentiality and reasonable workplace conduct); or (iv) any act which constitutes a breach of a Participant’s fiduciary
duty towards the Company or an Affiliate or Subsidiary, including disclosure of confidential or proprietary information thereof or acceptance
or solicitation to receive unauthorized or undisclosed benefits, irrespective of their nature, or funds, or promises to receive either,
from individuals, consultants or corporate entities that the Company or a Subsidiary does business with; (v) Participant’s unauthorized
use, misappropriation, destruction, or diversion of any tangible or intangible asset or corporate opportunity of the Company or any of
its Affiliates (including, without limitation, the improper use or disclosure of confidential or proprietary information); or (vi) any
circumstances that constitute grounds for termination for cause under Participant’s Service Agreement with the Company or Affiliate,
to the extent applicable. For the avoidance of doubt, the determination as to whether a termination is for Cause for purposes of this
Plan, shall be made in good faith by the Committee and shall be final and binding on Participant.

 

    

     

    

 

(h) “Change
in Control” means the occurrence of any one or more of the following events:

 

(i) any
Person, other than (A) any employee plan established by the Company or any Subsidiary, (B) the Company or any of its Affiliates, (C)
an underwriter temporarily holding securities pursuant to an offering of such securities, or (D) an entity owned, directly or indirectly,
by shareholders of the Company in substantially the same proportions as their ownership of the Company, is (or becomes, during any 12-month
period) the Beneficial Owner, directly or indirectly, of securities of the Company (not including in the securities beneficially owned
by such Person any securities acquired directly from the Company or its Affiliates other than in connection with the acquisition by the
Company or its Affiliates of a business) representing 50% or more of the total voting power of the stock of the Company; provided
that the provisions of this subsection ‎(i) are not intended to apply to or include as a Change in Control any transaction
that is specifically excepted from the definition of Change in Control under subsection ‎(iii) below;

 

(ii) a
change in the composition of the Board such that, during any 12-month period, the individuals who, as of the beginning of such period,
constitute the Board (the “Existing Board”) cease for any reason to constitute at least 50% of the Board; provided,
however, that any individual becoming a member of the Board subsequent to the beginning of such period whose election, or nomination
for election by the Company’s shareholders, was approved by a vote of at least a majority of the Directors immediately prior to
the date of such appointment or election shall be considered as though such individual were a member of the Existing Board; provided
further, that, notwithstanding the foregoing, no individual whose initial assumption of office occurs as a result of either an actual
or threatened election contest (as such terms are used in Rule 14a-11 or Regulation 14A promulgated under the Exchange Act or successor
statutes or rules containing analogous concepts) or other actual or threatened solicitation of proxies or consents by or on behalf of
an individual, corporation, partnership, group, associate or other entity or Person other than the Board, shall in any event be considered
to be a member of the Existing Board;

 

    2

     

    

 

(iii) the
consummation of a merger, amalgamation or consolidation of the Company with any other corporation or other entity, or the issuance of
voting securities in connection with such a transaction pursuant to applicable stock exchange requirements; provided that immediately
following such transaction the voting securities of the Company outstanding immediately prior thereto do not continue to represent (either
by remaining outstanding or by being converted into voting securities of the surviving entity of such transaction or parent entity thereof)
50% or more of the total voting power of the Company’s stock (or, if the Company is not the surviving entity of such merger or
consolidation, 50% or more of the total voting power and total fair market value of the stock of such surviving entity or parent entity
thereof); and provided, further, that such a transaction effected to implement a recapitalization of the Company (or similar
transaction) in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company (not including
in the securities beneficially owned by such Person any securities acquired directly from the Company or its Affiliates other than in
connection with the acquisition by the Company or its Affiliates of a business) representing 50% or more of either the then-outstanding
Shares or the combined voting power and total fair market value of the Company’s then-outstanding voting securities shall not be
considered a Change in Control; or

 

(iv) the
sale or disposition by the Company of all or substantially all of the Company’s assets in which any Person acquires (or has acquired
during the 12-month period ending on the date of the most recent acquisition by such Person) assets from the Company that have a total
gross fair market value equal to more than 50% of the total gross fair market value of all of the assets of the Company immediately prior
to such acquisition or acquisitions.

 

Notwithstanding
the foregoing, (A) no Change in Control shall be deemed to have occurred if there is consummated any transaction or series of integrated
transactions immediately following which the record holders of the Shares immediately prior to such transaction or series of transactions
continue to have substantially the same proportionate ownership in an entity which owns substantially all of the assets of the Company
immediately prior to such transaction or series of transactions and (B) no Change in Control shall be deemed to have occurred upon the
acquisition of additional control of the Company by any Person that is considered to effectively control the Company. In no event will
a Change in Control be deemed to have occurred if any Participant is part of a “group” within the meaning of Section 13(d)(3)
of the Exchange Act that effects a Change in Control. Notwithstanding the foregoing or any provision of any Award Agreement to the contrary,
for any Award that provides for accelerated distribution on a Change in Control of amounts that constitute “deferred compensation”
(as defined in Section 409A of the Code), if the event that constitutes such Change in Control does not also constitute a change in the
ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets (in either
case, as defined in Section 409A of the Code), such amount shall not be distributed on such Change in Control but instead shall vest
as of such Change in Control and shall be distributed on the scheduled payment date specified in the applicable Award Agreement, except
to the extent that earlier distribution would not result in the Participant who holds such Award incurring interest or additional tax
under Section 409A of the Code.

 

    3

     

    

 

(i) “Code”
means the Internal Revenue Code of 1986, as amended from time to time, and the rules, regulations and guidance thereunder. Any reference
to a provision in the Code shall include any successor provision thereto.

 

(j) “Committee”
means the compensation committee of the Board unless another committee is designated by the Board If there is no compensation committee
of the Board and the Board does not designate another committee, references herein to the “Committee” shall refer to the
Board.

 

(k) “Consultant”
means any individual, including an advisor, who is providing bona fide services to the Company or any Subsidiary or who has accepted
an offer of service or consultancy from the Company or any Subsidiary. For purposes of the Plan, in the case of a Consultant, references
to employment shall be deemed to refer to such Consultant’s service in such capacity, but in no event shall the Plan or any action
taken hereunder be construed to create an employer-employee relationship between any such Consultant and the Company or of any of its
Affiliates.

 

(l) “Director”
means any member of the Board.

 

(m) “Effective
Date” means the effective date of the consummation of the merger contemplated by the Plan of Reorganization, subject to approval
of the Plan by the stockholders of the Company.

 

(n) “Employee”
means any individual, including any officer, employed by the Company or any Subsidiary or, to the extent permitted by applicable law,
a non-Subsidiary Affiliate, or any prospective employee or officer who has accepted an offer of employment from the Company or any Subsidiary
or, to the extent permitted by applicable law, a non-Subsidiary Affiliate, with the status of employment determined based upon such factors
as are deemed appropriate by the Committee in its discretion, subject to any requirements of the Code or applicable laws; provided
that any such person may not receive any payment or exercise any right relating to an Award until such person has commenced employment
or service with the Company or its Subsidiaries. An employee on an approved leave of absence (including maternity leave) shall be considered
as still in the employment of the Company or its Subsidiaries for purposes of eligibility for participation in the Plan.

 

(o) “Exchange
Act” means the Securities Exchange Act of 1934, as amended from time to time, and the rules, regulations and guidance thereunder.
Any reference to a provision in the Exchange Act shall include any successor provision thereto.

 

    4

     

    

 

(p) “Fair
Market Value” means (i) with respect to Shares, the closing price of a Share on the trading day immediately preceding the date
of determination (or, if there is no reported sale on such date, on the last preceding date on which any reported sale occurred), on
the principal stock market or exchange on which the Shares are quoted or traded, or if Shares are not so quoted or traded, the fair market
value of a Share as determined by the Committee, and (ii) with respect to any property other than Shares, the fair market value of such
property determined by such methods or procedures as shall be established from time to time by the Committee.

 

(q) “Incentive
Stock Option” means an option representing the right to purchase Shares from the Company, granted pursuant to ‎Section
6, that meets the requirements of Section 422 of the Code.

 

(r) “Intrinsic
Value” with respect to an Option or SAR Award means (i) the excess, if any, of the price or implied price per Share in
a Change in Control or other event over (ii) the exercise or hurdle price of such Award multiplied by (iii) the
number of Shares covered by such Award.

 

(s) “Non-Employee
Director” means a Director who either (i) is not a current employee or officer of the Company or an Affiliate, does not receive
compensation, either directly or indirectly, from the Company or an Affiliate for services rendered as a consultant or in any capacity
other than as a Director (except for an amount as to which disclosure would not be required under Item 404(a) of Regulation S-K promulgated
pursuant to the Securities Act (“Regulation S-K”)), does not possess an interest in any other transaction for which
disclosure would be required under Item 404(a) of Regulation S-K, and is not engaged in a business relationship for which disclosure
would be required pursuant to Item 404(b) of Regulation S-K; or (ii) is otherwise considered a “non-employee director”
for purposes of Rule 16b-3.

 

(t) “Non-Qualified
Stock Option” means an option representing the right to purchase Shares from the Company, granted pursuant to ‎Section
6, that is not an Incentive Stock Option.

 

(u) “Option”
means an Incentive Stock Option or a Non-Qualified Stock Option.

 

(v) “Other
Cash-Based Award” means an Award granted pursuant to ‎Section 11, including
cash awarded as a bonus or upon the attainment of specified performance criteria or otherwise as permitted under the Plan.

 

(w) “Other
Stock-Based Award” means an Award granted pursuant to ‎Section 11 that may
be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Shares or factors that
may influence the value of Shares, including convertible or exchangeable debt securities, other rights convertible or exchangeable into
Shares, purchase rights for Shares, dividend rights or dividend equivalent rights or Awards with value and payment contingent upon performance
of the Company or business units thereof or any other factors designated by the Committee.

 

    5

     

    

 

(x) “Participant”
means the recipient of an Award granted under the Plan.

 

(y) “Performance
Award” means an Award granted pursuant to ‎Section 10.

 

(z) “Performance
Period” means the period established by the Committee with respect to any Performance Award during which the performance goals
specified by the Committee with respect to such Award are to be measured.

 

(aa)“Person”
has the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d) thereof, including
a “group” as defined in Section 13(d) thereof.

 

(bb)“Plan
of Reorganization” means that certain the Agreement and Plan of Reorganization, dated as of February 3, 2021, by and among
the Company, Payoneer, Inc. Delaware corporation, and certain other persons named therein and party thereto.

 

(cc)“Restricted
Stock” means any Share subject to certain restrictions and forfeiture conditions, granted pursuant to ‎Section
8. 

 

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

 

(ee)“RSU”
means a contractual right granted pursuant to ‎Section 9 that is denominated in Shares.
Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof.
Awards of RSUs may include the right to receive dividend equivalents.

 

(ff)“SAR”
means a right granted pursuant to ‎Section 7 to receive upon exercise by the Participant
or settlement, in cash, Shares or a combination thereof, the excess of (i) the Fair Market Value of one Share on the date of exercise
or settlement over (ii) the exercise or hurdle price of the right on the date of grant.

 

(gg)“Service
Agreement” means any employment, severance, consulting or similar agreement between the Company or any of its Affiliates and
a Participant.

 

(hh)“Share”
means a share of the Company’s Class A common stock, $0.01 par value.

 

(ii) “Subsidiary”
means an entity of which the Company directly or indirectly holds all or a majority of the value of the outstanding equity interests
of such entity or a majority of the voting power with respect to the voting securities of such entity. Whether employment by or service
with a Subsidiary is included within the scope of the Plan shall be determined by the Committee.

 

    6

     

    

 

(jj)“Substitute
Award” means an Award granted in assumption of, or in substitution for, an outstanding award previously granted by a company
or other business acquired by the Company or with which the Company combines.

 

(kk)“Termination
of Service” means, in the case of a Participant who is an Employee, cessation of the employment relationship such that the
Participant is no longer an employee of the Company or any Subsidiary, or, in the case of a Participant who is a Consultant or Non-Employee
Director, the date the performance of services for the Company or any Subsidiary has ended; provided, however, that in
the case of a Participant who is an Employee, the transfer of employment from the Company to a Subsidiary, from a Subsidiary to the Company,
from one Subsidiary to another Subsidiary or, unless the Committee determines otherwise, the cessation of employee status but the continuation
of the performance of services for the Company or a Subsidiary as a Director or Consultant shall not be deemed a cessation of service
that would constitute a Termination of Service; provided, further, that a Termination of Service shall be deemed to occur
for a Participant employed by, or performing services for, a Subsidiary when such Subsidiary ceases to be a Subsidiary unless such Participant’s
employment or service continues with the Company or another Subsidiary. Notwithstanding the foregoing, with respect to any Award subject
to Section 409A of the Code (and not exempt therefrom), a Termination of Service occurs when a Participant experiences a “separation
of service” (as such term is defined under Section 409A of the Code).

 

Section
3.Eligibility.

 

(a) Any
Employee, Non-Employee Director or Consultant shall be eligible to be selected to receive an Award under the Plan, to the extent that
an offer or receipt of an Award is permitted by applicable law, stock market or exchange rules and regulations or accounting or tax rules
and regulations.

 

(b) Holders
of equity compensation awards granted by a company that is acquired by the Company (or whose business is acquired by the Company) or
with which the Company combines are eligible for grants of Substitute Awards under the Plan to the extent permitted under applicable
regulations of any stock exchange on which the Company is listed.

 

Section
4.Administration.

 

(a) Administration
of the Plan. The Plan shall be administered by the Committee. All decisions of the Committee shall be final, conclusive and binding
upon all parties, including the Company, its shareholders, Participants and any Beneficiaries thereof. The Committee may issue rules
and regulations for administration of the Plan.

 

(b) Delegation
of Authority. To the extent permitted by applicable law, including under Section 157(c) of the Delaware General Corporation Law,
the Committee may delegate to one or more officers of the Company some or all of its authority under the Plan, including the authority
to grant Options and SARs or other Awards in the form of Share rights (except that such delegation shall not apply to any Award for a
Person then covered by Section 16 of the Exchange Act), and the Committee may delegate to one or more committees of the Board (which
may consist of solely one Director) some or all of its authority under the Plan, including the authority to grant all types of Awards,
in accordance with applicable law.

 

    7

     

    

 

(c) Establishment
of Sub-plans. The Board shall have full discretion and authority to establish one or more sub-plans under the Plan to facilitate
local administration of the Plan in any jurisdiction in which the Company or any of its Affiliates operate and to conform the Plan to
the legal requirements of any such jurisdiction or to allow for favorable tax treatment under any applicable provision of tax law (each,
a “Sub-plan”). The Board shall establish such Sub-plans by adopting supplements to the Plan setting forth (i) such
limitations on the Committee’s discretion under the Plan as the Board deems necessary or desirable and (ii) such additional terms
and conditions not otherwise inconsistent with the Plan as the Board shall deem necessary or desirable.  All Sub-plans adopted by
the Board shall be deemed to be part of the Plan, but each Sub-plan shall apply only to Participants within the affected jurisdiction
and the Company or an Affiliate, as applicable, shall not be required to provide copies of any Sub-plan to Participants in any jurisdiction
that is not affected.

 

(d) Authority
of Committee. Subject to the terms of the Plan and applicable law, the Committee (or its delegate) shall have full discretion and
authority to: (i) designate Participants; (ii) determine the type or types of Awards (including Substitute Awards) to be granted
to each Participant under the Plan; (iii) determine the number of Shares to be covered by (or with respect to which payments, rights
or other matters are to be calculated in connection with) Awards; (iv) determine the terms and conditions of any Award and prescribe
the form of each Award Agreement, which need not be identical for each Participant; (v) determine whether, to what extent, under what
circumstances and by which methods Awards may be settled or exercised in cash, Shares, other Awards, other property, net settlement (including
broker-assisted cashless exercise), or any combination thereof, or canceled, forfeited or suspended; (vi) determine whether, to what
extent and under what circumstances cash, Shares, other Awards, other property and other amounts payable with respect to an Award under
the Plan shall be deferred either automatically or at the election of the holder thereof or of the Committee; (vii) amend terms
or conditions of any outstanding Awards; (viii) correct any defect, supply any omission and reconcile any inconsistency in the Plan or
any Award, in the manner and to the extent it shall deem desirable to carry the Plan into effect; (ix) interpret and administer the Plan
and any instrument or agreement relating to, or Award made under, the Plan; (x) establish, amend, suspend or waive such rules and regulations
and appoint such agents, trustees, brokers, depositories and advisors and determine such terms of their engagement as it shall deem appropriate
for the proper administration of the Plan and due compliance with applicable law, stock market or exchange rules and regulations or accounting
or tax rules and regulations; and (xi) make any other determination and take any other action that the Committee deems necessary
or desirable for the administration of the Plan and due compliance with applicable law, stock market or exchange rules and regulations
or accounting or tax rules and regulations. Notwithstanding anything to the contrary contained herein, the Board may, in its sole discretion,
at any time and from time to time, grant Awards or administer the Plan. In any such case, the Board shall have all of the authority and
responsibility granted to the Committee herein.

 

    8

     

    

 

(e) Rule
16b-3 Compliance. To the extent an Award is intended to qualify for the exemption from Section 16(b) of the Exchange Act that
is available under Rule 16b-3 of the Exchange Act, the Award will be granted by the Board or a Committee (or a subcommittee thereof)
that consists solely of two or more Non-Employee Directors, as determined under Rule 16b-3(b)(3) of the Exchange Act and thereafter any
action establishing or modifying the terms of the Award will be approved by the Board or a Committee (or a subcommittee) meeting such
requirements to the extent necessary for such exemption to remain available.

 

Section
5.Shares Available for Awards.

 

(a) Subject
to adjustment as provided in ‎Section 5(c) and except for Substitute Awards, the maximum
number of Shares available for issuance under the Plan shall not exceed in the aggregate 38,016,011 Shares. The total number of Shares
available for issuance under the Plan shall be increased on the first day of each Company fiscal year following the Effective Date in
an amount equal to the lesser of (i) 4% of outstanding Shares on the last day of the immediately preceding fiscal year and (ii) such
number of Shares as determined by the Committee in its discretion. Shares underlying Substitute Awards and Shares remaining available
for grant under a plan of an acquired company or of a company with which the Company combines (whether by way of amalgamation, merger,
sale and purchase of shares or other securities or otherwise), appropriately adjusted to reflect the acquisition or combination transaction,
shall not reduce the number of Shares remaining available for grant hereunder.

 

(b) If
any Award is forfeited, cancelled, expires, terminates or otherwise lapses or is settled in cash, in whole or in part, without the delivery
of Shares, then the Shares covered by such forfeited, expired, terminated or lapsed Award shall again be available for grant under the
Plan. The following shall become available for issuance under the Plan: (i) any Shares withheld in respect of taxes relating to
any Award and (ii) any Shares tendered or withheld to pay the exercise price of Options.

 

(c) In
the event that the Committee determines that, as a result of any dividend or other distribution (other than an ordinary dividend or distribution),
recapitalization, stock split, reverse stock split, reorganization, merger, amalgamation, consolidation, separation, rights offering,
split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights
to acquire Shares or other securities of the Company, issuance of Shares pursuant to the anti-dilution provisions of securities of the
Company, or other similar corporate transaction or event affecting the Shares, or of changes in applicable laws, regulations or accounting
principles, an adjustment is necessary in order to prevent dilution or enlargement of the benefits or potential benefits intended to
be made available under the Plan, then the Committee shall, subject to ‎Section 19 and
applicable law, adjust equitably so as to ensure no undue enrichment or harm (including by payment of cash), any or all of:

 

    9

     

    

 

(i) the
number and type of Shares (or other securities) which thereafter may be made the subject of Awards, including the aggregate limits specified
in ‎Section 5(a) and ‎Section 5(f);

 

(ii) the
number and type of Shares (or other securities) subject to outstanding Awards;

 

(iii) the
grant, acquisition, exercise or hurdle price with respect to any Award or, if deemed appropriate, make provision for a cash payment to
the holder of an outstanding Award; and

 

(iv) the
terms and conditions of any outstanding Awards, including the performance criteria of any Performance Awards;

 

provided,
however, that the number of Shares subject to any Award denominated in Shares shall always be a whole number.

 

(d) Any
Shares delivered pursuant to an Award may consist, in whole or in part, of authorized and unissued Shares or Shares acquired by the Company.

 

(e) The
aggregate value of all compensation granted or paid, as applicable, to any individual for service as a Non-Employee Director with respect
to any calendar year, including Awards granted and cash fees paid by the Company to such Non-Employee Director, will not exceed (i) $750,000
in total value or (ii) in the event such Non-Employee Director is first appointed or elected to the Board, $1,000,000 in total value
during the initial annual period, in each case calculating the value of any equity awards based on the grant date fair value of such
equity awards for financial reporting purposes. The limitations in this Section 5(e) shall apply commencing with the first calendar year
that begins following the Effective Date.

 

(f) Subject
to adjustment as provided in ‎Section 5(c)(i), the maximum number of Shares available
for issuance with respect to Incentive Stock Options shall be 38,016,011. To the extent that the aggregate Fair Market Value (determined
at the time of grant) of Shares with respect to which Incentive Stock Options are exercisable for the first time by any Optionholder
during any calendar year (under all plans of the Company and any Affiliates) exceeds $100,000 (or such other limit established in the
Code) or otherwise does not comply with the rules governing Incentive Stock Options, the Options or portions thereof that exceed such
limit (according to the order in which they were granted) or otherwise do not comply with such rules will be treated as Nonqualified
Stock Options, notwithstanding any contrary provision of the applicable Option Agreement(s).

 

Section
6.Options. The Committee is authorized to grant Options to Participants with the following terms and conditions and with such
additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine:

 

(a) The
exercise price per Share under an Option shall be determined by the Committee at the time of grant; provided, however,
that, except in the case of Substitute Awards, such exercise price shall not be less than the Fair Market Value of a Share on the date
of grant of such Option.

 

    10

     

    

 

(b) The
term of each Option shall be fixed by the Committee but shall not exceed 10 years from the date of grant of such Option.

 

(c) The
Committee shall determine the methods by which, and the forms in which payment of the exercise price with respect thereto may be made
or deemed to have been made, including cash, Shares, other Awards, other property, net settlement (including broker-assisted cashless
exercise) or any combination thereof, having a Fair Market Value on the exercise date equal to the relevant exercise price.

 

(d) To
the extent an Option is not previously exercised as to all of the Shares subject thereto, and, if the Fair Market Value of one Share
is greater than the exercise price then in effect, then the Option shall be deemed automatically exercised immediately before its expiration.

 

(e) No
grant of Options may be accompanied by a tandem award of dividend equivalents or provide for dividends, dividend equivalents or other
distributions to be paid on such Options (except as provided under ‎Section 5(c)).

 

(f) The
terms of any Incentive Stock Option granted under the Plan shall comply in all respects with the provisions of Section 422 of the
Code. Incentive Stock Options may be granted only to employees of the Company or of a parent or subsidiary corporation (as defined in
Section 424 of the Code).

 

Section
7.Stock Appreciation Rights. The Committee is authorized to grant SARs to Participants with the following terms and conditions
and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall
determine:

 

(a) SARs
may be granted under the Plan to Participants either alone (“freestanding”) or in addition to other Awards granted under
the Plan (“tandem”) and may, but need not, relate to a specific Option granted under ‎Section
6.

 

(b) The
exercise or hurdle price per Share under a SAR shall be determined by the Committee; provided, however, that, except in
the case of Substitute Awards, such exercise or hurdle price shall not be less than the Fair Market Value of a Share on the date of grant
of such SAR.

 

(c) The
term of each SAR shall be fixed by the Committee but shall not exceed 10 years from the date of grant of such SAR.

 

(d) Upon
the exercise of a SAR, the Company shall pay to the Participant an amount equal to the number of Shares subject to the SAR multiplied
by the excess, if any, of the Fair Market Value of one Share on the exercise date over the exercise or hurdle price of such SAR. The
Company shall pay such excess in cash, in Shares valued at Fair Market Value, or any combination thereof, as determined by the Committee.

 

    11

     

    

 

(e) To
the extent a SAR is not previously exercised as to all of the Shares subject thereto, and, if the Fair Market Value of one Share is greater
than the exercise price then in effect, then the SAR shall be deemed automatically exercised immediately before its expiration.

 

(f) No
grant of SARs may be accompanied by a tandem award of dividend equivalents or provide for dividends, dividend equivalents or other distributions
to be paid on such SARs (except as provided under ‎Section 5(c)).

 

Section
8.Restricted Stock. The Committee is authorized to grant Awards of Restricted Stock to Participants with the following terms
and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the
Committee shall determine:

 

(a) The
Award Agreement shall specify the vesting schedule.

 

(b) Awards
of Restricted Stock shall be subject to such restrictions as the Committee may impose, which restrictions may lapse separately or in
combination at such time or times, in such installments or otherwise, as the Committee may deem appropriate.

 

(c) Subject
to the restrictions set forth in the applicable Award Agreement, a Participant generally shall have the rights and privileges of a shareholder
with respect to Awards of Restricted Stock, including the right to vote such Shares of Restricted Stock and the right to receive dividends.

 

(d) The
Committee may, in its discretion, specify in the applicable Award Agreement that any or all dividends or other distributions paid on
Awards of Restricted Stock prior to vesting be paid either in cash or in additional Shares and either on a current or deferred basis
and that such dividends or other distributions may be reinvested in additional Shares, which may be subject to the same restrictions
as the underlying Awards.

 

(e) Any
Award of Restricted Stock may be evidenced in such manner as the Committee may deem appropriate, including book-entry registration.

 

(f) The
Committee may provide in an Award Agreement that an Award of Restricted Stock is conditioned upon the Participant making or refraining
from making an election with respect to the Award under Section 83(b) of the Code. If a Participant makes an election pursuant
to Section 83(b) of the Code with respect to an Award of Restricted Stock, such Participant shall be required to file promptly
a copy of such election with the Company and the applicable Internal Revenue Service office.

 

Section
9.RSUs. The Committee is authorized to grant Awards of RSUs to Participants with the following terms and conditions and with
such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine:

 

    12

     

    

 

(a) The
Award Agreement shall specify the vesting schedule and the delivery schedule (which may include deferred delivery later than the vesting
date).

 

(b) Awards
of RSUs shall be subject to such restrictions as the Committee may impose, which restrictions may lapse separately or in combination
at such time or times, in such installments or otherwise, as the Committee may deem appropriate.

 

(c) An
RSU shall not convey to a Participant the rights and privileges of a shareholder with respect to the Share subject to such RSU, such
as the right to vote or the right to receive dividends, unless and until and to the extent a Share is issued to such Participant to settle
such RSU.

 

(d) The
Committee may, in its discretion, specify in the applicable Award Agreement that any or all dividend equivalents or other distributions
paid on Awards of RSUs prior to vesting or settlement, as applicable, be paid either in cash or in additional Shares and either on a
current or deferred basis and that such dividend equivalents or other distributions may be reinvested in additional Shares, which may
be subject to the same restrictions as such Awards.

 

(e) Shares
delivered upon the vesting and settlement of an RSU Award may be evidenced in such manner as the Committee may deem appropriate, including
book-entry registration.

 

(f) The
Committee may determine the form or forms (including cash, Shares, other Awards, other property or any combination thereof) in which
payment of the amount owing upon settlement of any RSU Award may be made.

 

Section
10.Performance Awards. The Committee is authorized to grant Performance Awards to Participants with the following terms and
conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee
shall determine:

 

(a) Performance
Awards may be denominated as a cash amount, number of Shares or units or a combination thereof and are Awards that may be earned upon
achievement or satisfaction of performance conditions specified by the Committee. In addition, the Committee may specify that any other
Award shall constitute a Performance Award by conditioning the grant to a Participant or the right of a Participant to exercise the Award
or have it settled, and the timing thereof, upon achievement or satisfaction of such performance conditions as may be specified by the
Committee. The Committee may use such business criteria and other measures of performance as it may deem appropriate in establishing
any performance conditions. Subject to the terms of the Plan, the performance goals to be achieved during any Performance Period, the
length of any Performance Period, the amount of any Performance Award granted and the amount of any payment or transfer to be made pursuant
to any Performance Award shall be determined by the Committee.

 

    13

     

    

 

(b) Performance
criteria may be measured on an absolute (e.g., plan or budget) or relative basis, and may be established on a corporate-wide basis,
with respect to one or more business units, divisions, Subsidiaries or business segments, or on an individual basis. If the Committee
determines that a change in the business, operations, corporate structure or capital structure of the Company, or the manner in which
the Company conducts its business, or other events or circumstances render the performance objectives unsuitable, the Committee may modify
the performance objectives or the related minimum acceptable level of achievement, in whole or in part, as the Committee deems appropriate
and equitable such that it does not provide any undue enrichment or harm. Performance measures may vary from Performance Award to Performance
Award and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative. The Committee
shall have the power to impose such other restrictions on Awards subject to this ‎Section
10(b) as it may deem necessary or appropriate to ensure that such Awards satisfy all requirements of any applicable law, stock market
or exchange rules and regulations or accounting or tax rules and regulations.

 

(c) Settlement
of Performance Awards shall be in cash, Shares, other Awards, other property, net settlement, or any combination thereof, as determined
in the discretion of the Committee.

 

(d) A
Performance Award shall not convey to a Participant the rights and privileges of a shareholder with respect to the Share subject to such
Performance Award, such as the right to vote (except as relates to Restricted Stock) or the right to receive dividends, unless and until
and to the extent a Share is issued to such Participant to settle such Performance Award. The Committee, in its sole discretion, may
provide that a Performance Award shall convey the right to receive dividend equivalents on the Shares subject to such Performance Award
with respect to any dividends declared during the period that such Performance Award is outstanding, in which case, such dividend equivalent
rights shall accumulate and shall be paid in cash or Shares on the settlement date of the Performance Award, subject to the Participant’s
earning of the Shares with respect to which such dividend equivalents are paid upon achievement or satisfaction of performance conditions
specified by the Committee. Shares delivered upon the vesting and settlement of a Performance Award may be evidenced in such manner as
the Committee may deem appropriate, including book-entry registration. For the avoidance of doubt, unless otherwise determined by the
Committee, no dividend equivalent rights shall be provided with respect to any Shares subject to Performance Awards that are not earned
or otherwise do not vest or settle pursuant to their terms.

 

(e) The
Committee may, in its discretion, increase or reduce the amount of a settlement otherwise to be made in connection with a Performance
Award.

 

Section
11.Other Cash-Based Awards and Other Stock-Based Awards. The Committee is authorized, subject to limitations under applicable
law, to grant Other Cash-Based Awards (either independently or as an element of or supplement to any other Award under the Plan) and
Other Stock-Based Awards. The Committee shall determine the terms and conditions of such Awards.
Shares delivered pursuant to an Award in the nature of a purchase right granted under this ‎Section
11 shall be purchased for such consideration, and paid for at such times, by such methods and in such forms, including cash, Shares,
other Awards, other property, net settlement, broker-assisted cashless exercise or any combination thereof, as the Committee shall determine;
provided that the purchase price therefor shall not be less than the Fair Market Value of such Shares on the date of grant of
such right.

 

    14

     

    

 

Section
12.Effect of Termination of Service or a Change in Control on Awards.

 

(a) The
Committee may provide, by rule or regulation or in any applicable Award Agreement, or may determine in any individual case, the
circumstances in which, and the extent to which, an Award may be exercised, settled, vested, paid or forfeited in the event of a Participant’s
Termination of Service prior to the end of a Performance Period or vesting, exercise or settlement of such Award.

 

(b) Subject
to the last sentence of ‎Section 2(kk), the Committee may determine, in its discretion,
whether, and the extent to which, (i) an Award will vest during a leave of absence, (ii) a reduction in service level (for example, from
full-time to part-time employment) will cause a reduction, or other change, to an Award and (iii) a leave of absence or reduction in
service will be deemed a Termination of Service.

 

(c) In
the event of a Change in Control, the Committee may, in its sole discretion, and on such terms and conditions as it deems appropriate,
take any one or more of the following actions with respect to any outstanding Award, which need not be uniform with respect to all Participants
and/or Awards:

 

(i) continuation
or assumption of such Award by the Company (if it is the surviving corporation) or by the successor or surviving entity or its parent;

 

(ii) substitution
or replacement of such Award by the successor or surviving entity or its parent with cash, securities, rights or other property to be
paid or issued, as the case may be, by the successor or surviving entity (or a parent or subsidiary thereof), with substantially the
same terms and value as such Award (including any applicable performance targets or criteria with respect thereto);

 

(iii) acceleration
of the vesting of such Award and the lapse of any restrictions thereon and, in the case of an Option or SAR Award, acceleration of the
right to exercise such Award during a specified period (and the termination of such Option or SAR Award without payment of any consideration
therefor to the extent such Award is not timely exercised), in each case, either (A) immediately prior to or as of the date of the Change
in Control, (B) upon a Participant’s involuntary Termination of Service (including upon a termination of the Participant’s
employment by the Company (or a successor corporation or its parent) without Cause, by a Participant for “good reason” and/or
due to a Participant’s death or “disability”, as such terms may be defined in the applicable Award Agreement and/or
a Participant’s Service Agreement, as the case may be) on or within a specified period following the Change in Control or (C) upon
the failure of the successor or surviving entity (or its parent) to continue or assume such Award;

 

    15

     

    

 

(iv) 
in the case of a Performance Award, determination of the level of attainment of the applicable performance condition(s); and

 

(v) cancellation
of such Award in consideration of a payment, with the form, amount and timing of such payment determined by the Committee in its sole
discretion, subject to the following: (A) such payment shall be made in cash, securities, rights and/or other property; (B) the amount
of such payment shall equal the value of such Award, as determined by the Committee in its sole discretion; provided that, in
the case of an Option or SAR Award, if such value equals the Intrinsic Value of such Award, such value shall be deemed to be valid; provided
further that, if the Intrinsic Value of an Option or SAR Award is equal to or less than zero, the Committee may, in its sole discretion,
provide for the cancellation of such Award without payment of any consideration therefor (for the avoidance of doubt, in the event of
a Change in Control, the Committee may, in its sole discretion, terminate any Option or SAR Awards for which the exercise or hurdle price
is equal to or exceeds the per Share value of the consideration to be paid in the Change in Control transaction without payment of consideration
therefor); and (C) such payment shall be made promptly following such Change in Control or on a specified date or dates following such
Change in Control; provided that the timing of such payment shall comply with Section 409A of the Code.

 

(d) In
connection with any of the actions set forth in Sections 12(c)(i) – (v), the Committee may, in its sole discretion, determine:
(i) that any payments to Participants made in respect of Awards shall be made or delayed (subject to Section 409A of the Code, where
applicable) to the same extent that payment of consideration to the holders of the Shares in connection with the Change of Control is
made or delayed as a result of any escrow, indemnification, earn out, holdback or any other contingent or deferred payment arrangement;
(ii) the terms and conditions applying to the payment made or payable to the Participants, including participation in any escrow, indemnification,
earn-outs, holdback or any other contingent or deferred payment arrangement; and (iii) that any terms and conditions applying under the
applicable definitive transaction agreements in connection with the Change in Control shall apply to the Participants (including, without
limitation, appointment and engagement of a stockholders’ or sellers’ representative, payment of fees or other costs and
expenses associated with such services, indemnification of such representative, and authorization to such representative within the scope
of such representative’s authority in the applicable definitive transaction agreements).

 

(e) Neither
the authorities and powers of the Committee under this ‎Section 12 nor the exercise
or implementation thereof, shall (i) be restricted or limited in any way by any adverse consequences (tax or otherwise) that may result
to any holder of an Award, and (ii) as, inter alia, being a feature of the Award upon its grant, be deemed to constitute a change
or an amendment of the rights of such holder under this Plan, nor shall any such adverse consequences (as well as any adverse tax consequences
that may result from any tax ruling or other approval or determination of any relevant tax authority) be deemed to constitute a change
or an amendment of the rights of such holder under this Plan, and may be effected without consent of any Participant and without any
liability to the Company or its Affiliates or to its or their respective officers, directors, employees and representatives and the respective
successors and assigns of any of the foregoing.

 

    16

     

    

 

Section
13.General Provisions Applicable to Awards.

 

(a) Awards
shall be granted for such cash or other consideration, if any, as the Committee determines; provided that in no event shall Awards
be issued for less than such minimal consideration as may be required by applicable law.

 

(b) Awards
may, in the discretion of the Committee, be granted either alone or in addition to or in tandem with any other Award or any award granted
under any other plan of the Company. Awards granted in addition to or in tandem with other Awards, or in addition to or in tandem with
awards granted under any other plan of the Company, may be granted either at the same time as or at a different time from the grant of
such other Awards or awards.

 

(c) Subject
to the terms of the Plan, payments or transfers to be made by the Company upon the grant, exercise or settlement of an Award may be made
in the form of cash, Shares, other Awards, other property, net settlement, or any combination thereof, as determined by the Committee
in its discretion at the time of grant, and may be made in a single payment or transfer, in installments or on a deferred basis, in each
case in accordance with rules and procedures established by the Committee. Such rules and procedures may include provisions for the payment
or crediting of reasonable interest on installment or deferred payments or the grant or crediting of dividend equivalents in respect
of installment or deferred payments.

 

(d) Except
as may be permitted by the Committee or as specifically provided in an Award Agreement, (i) no Award and no right under any Award
shall be assignable, alienable, saleable or transferable by a Participant other than by will or pursuant to ‎Section
13(e) and (ii) during a Participant’s lifetime, each Award, and each right under any Award, shall be exercisable only by such
Participant or, if permissible under applicable law, by such Participant’s guardian or legal representative. The provisions of
this ‎Section 13(d) shall not apply to any Award that has been fully exercised or settled,
as the case may be, and shall not preclude forfeiture of an Award in accordance with the terms thereof.

 

(e) A
Participant may designate a Beneficiary or change a previous Beneficiary designation only at such times as prescribed by the Committee,
in its sole discretion, and only by using forms and following procedures approved or accepted by the Committee for that purpose.

 

(f) All
certificates, if any, for Shares and/or other securities delivered under the Plan pursuant to any Award or the exercise or settlement
thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the
rules, regulations and other requirements of the Securities and Exchange Commission, any stock market or exchange upon which such Shares
or other securities are then quoted, traded or listed, and any applicable securities laws, and the Committee may cause a legend or legends
to be put on any such certificates to make appropriate reference to such restrictions.

 

    17

     

    

 

(g) The
Company will not be obligated to deliver any Shares under the Plan or remove restrictions from Shares previously delivered under the
Plan until (i) all Award conditions have been met or removed to the Committee’s satisfaction, (ii) as determined by the Committee,
all other legal matters regarding the issuance and delivery of such Shares have been satisfied, including any applicable securities laws,
stock market or exchange rules and regulations or accounting or tax rules and regulations and (iii) the Participant has executed and
delivered to the Company such representations or agreements as the Committee deems necessary or appropriate to satisfy any applicable
laws. The Company’s inability to obtain authority from any regulatory body having jurisdiction, which the Committee determines
is necessary to the lawful issuance and sale of any Shares, will relieve the Company of any liability for failing to issue or sell such
Shares as to which such requisite authority has not been obtained.

 

(h) The
Committee may impose restrictions on any Award with respect to non-competition, non-solicitation, confidentiality and other restrictive
covenants, or requirements to comply with minimum share ownership requirements, as it deems necessary or appropriate in its sole discretion,
which such restrictions may be set forth in any applicable Award Agreement or otherwise.

 

Section
14.Amendments and Terminations.

 

(a) Amendment
or Termination of the Plan. Except to the extent prohibited by applicable law and unless otherwise expressly provided in an Award
Agreement or in the Plan, the Board may amend, alter, suspend, discontinue or terminate the Plan or any portion thereof at any time;
provided, however, that no such amendment, alteration, suspension, discontinuation or termination shall be made without
(i) shareholder approval if such approval is required by applicable law or the rules of the stock market or exchange, if any, on
which the Shares are principally quoted or traded or (ii) subject to ‎Section 5(c)
and ‎Section 12, the consent of the affected Participant, if such action would materially
adversely affect the rights of such Participant under any outstanding Award, except (x) to the extent any such amendment, alteration,
suspension, discontinuance or termination is made to cause the Plan to comply with applicable law, stock market or exchange rules and
regulations or accounting or tax rules and regulations or (y) to impose any “clawback” or recoupment provisions on any
Awards (including any amounts or benefits arising from such Awards) in accordance with ‎Section
18. Notwithstanding anything to the contrary in the Plan, the Committee may amend the Plan, or create Sub-plans in accordance with ‎Section
4(c), in such manner as may be necessary or desirable to enable the Plan to achieve its stated purposes in any jurisdiction in a tax-efficient
manner and in compliance with local rules and regulations.

 

    18

     

    

 

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

 

(c) Terms
of Awards. The Committee may waive any conditions or rights under, amend any terms of, or amend, alter, suspend, discontinue or terminate
any Award theretofore granted (including by substituting another Award of the same or a different type), prospectively or retroactively,
without the consent of any relevant Participant or holder or Beneficiary of an Award; provided, however, that, subject
to ‎Section 5(c) and ‎Section 12, no
such action shall materially adversely affect the rights of any affected Participant or holder or Beneficiary under any Award theretofore
granted under the Plan, except (x) to the extent any such action is made to cause the Plan or Award to comply with applicable law,
stock market or exchange rules and regulations or accounting or tax rules and regulations, or (y) to impose any “clawback”
or recoupment provisions on any Awards (including any amounts or benefits arising from such Awards) in accordance with ‎Section
18. The Committee shall be authorized to make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition
of events (including the events described in ‎Section 5(c)) affecting the Company, or
the financial statements of the Company, or of changes in applicable laws, regulations or accounting principles, whenever the Committee
determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended
to be made available under the Plan.

 

(d) No
Repricing. Except as provided in ‎Section 5(c), the Committee may not, without shareholder
approval, seek to effect any re-pricing of any previously granted “underwater” Option, SAR or similar Award by: (i) amending
or modifying the terms of the Option, SAR or similar Award to lower the exercise price; (ii) cancelling the underwater Option, SAR
or similar Award and granting either (A) replacement Options, SARs or similar Awards having a lower exercise price or (B) Restricted
Shares, RSUs, Performance Awards or Other Share-Based Awards in exchange; or (iii) cancelling or repurchasing the underwater Options,
SARs or similar Awards for cash or other securities. An Option, SAR or similar Award will be deemed to be “underwater” at
any time when the Fair Market Value of the Shares covered by such Award is less than the exercise price of the Award.

 

Section
15.Miscellaneous.

 

(a) No
Employee, Consultant, Non-Employee Director, Participant, or other Person shall have any claim to be granted any Award under the Plan,
and there is no obligation for uniformity of treatment of employees, Participants or holders or Beneficiaries of Awards under the Plan.
The terms and conditions of Awards need not be the same with respect to each recipient. Any Award granted under the Plan shall be a one-time
Award that does not constitute a promise of future grants. The Company, in its sole discretion, maintains the right to make available
future grants under the Plan.

 

    19

     

    

 

(b) The
grant of an Award shall not be construed as giving a Participant the right to be retained in the employ of, or to continue to provide
services to, the Company or any Affiliate. Further, the Company or any applicable Affiliate may at any time dismiss a Participant, free
from any liability, or any claim under the Plan, unless otherwise expressly provided in the Plan or in any Award Agreement or in any
other agreement binding on the parties. The receipt of any Award under the Plan is not intended to confer any rights on the receiving
Participant except as set forth in the applicable Award Agreement.

 

(c) In
the event a Participant’s regular level of time commitment in the performance of his or her services for the Company and any Affiliates
is reduced (for example, and without limitation, if the Participant is an employee of the Company and the Employee has a change in status
from a full-time employee to a part-time employee (or serves as a Consultant or Director) or takes an extended leave of absence) after
the date of grant of any Award to the Participant, the Board may determine, to the extent permitted by applicable law, to (i) make a
corresponding reduction in the number of shares or cash amount subject to any portion of such Award that is scheduled to vest or become
payable after the date of such change in time commitment, and (ii) in lieu of or in combination with such a reduction, extend the vesting
or payment schedule applicable to such Award. In the event of any such reduction, the Participant will have no right with respect to
any portion of the Award that is so reduced or extended.

 

(d) As
a condition to accepting an Award under the Plan, the Participant agrees to execute any additional documents or instruments necessary
or desirable, as determined in the Committee’s sole discretion, to carry out the purposes or intent of the Award, or facilitate
compliance with securities and/or other regulatory requirements, in each case at the Committee’s request.

 

(e) No
payment pursuant to the Plan shall be taken into account in determining any benefits under any severance, pension, retirement, savings,
profit sharing, group insurance, welfare or other benefit plan of the Company or any Affiliate, except to the extent otherwise expressly
provided in writing in such other plan or an agreement thereunder.

 

(f) Nothing
contained in the Plan shall prevent the Company or any Affiliate from adopting or continuing in effect other or additional compensation
arrangements, including the grant of options and other stock-based awards, and such arrangements may be either generally applicable or
applicable only in specific cases.

 

(e) The
Company shall be authorized to withhold from any Award granted or any payment due or transfer made under any Award or under the Plan
or from any compensation or other amount owing to a Participant the amount (in cash, Shares, other Awards, other property, net settlement,
or any combination thereof) of applicable withholding taxes due in respect of an Award, its exercise or settlement or any payment or
transfer under such Award or under the Plan and to take such other action (including providing for elective payment of such amounts in
cash or Shares by such Participant) as may be necessary to satisfy all obligations for the payment of such taxes and, unless otherwise
determined by the Committee in its discretion, to the extent such withholding would not result in liability classification of such Award
(or any portion thereof) pursuant to FASB ASC Subtopic 718-10. As a condition to accepting an Award under the Plan, in the event that
the amount of the Company’s and/or its Affiliate’s withholding obligation in connection with such Award was greater than
the amount actually withheld by the Company and/or its Affiliates, each Participant agrees to indemnify and hold the Company and/or its
Affiliates harmless from any failure by the Company and/or its Affiliates to withhold the proper amount.

 

    20

     

    

 

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

 

(h) Neither
the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between
the Company and a Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company
pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company.

 

(i) 
Any reference herein or in an Award Agreement to a “written” agreement or document will include any agreement or document
delivered electronically, filed publicly at www.sec.gov (or any successor website thereto) or posted on the Company’s intranet
(or other shared electronic medium controlled by the Company to which the Participant has access). By accepting any Award the Participant
consents to receive documents by electronic delivery and to participate in the Plan through any on-line electronic system established
and maintained by the Committee’s or another third party selected by the Committee. The form of delivery of any Shares (e.g., a
stock certificate or electronic entry evidencing such shares) shall be determined by the Company.

 

(j) No
fractional Shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash or other
securities shall be paid or transferred in lieu of any fractional Shares, or whether such fractional Shares or any rights thereto shall
be canceled, terminated or otherwise eliminated.

 

(k) Awards
may be granted to Participants who are non-United States nationals or employed or providing services outside the United States, or both,
on such terms and conditions different from those applicable to Awards to Participants who are employed or providing services in the
United States as may, in the judgment of the Committee, be necessary or desirable to recognize differences in local law, tax policy or
custom. The Committee also may impose conditions on the exercise or vesting of Awards in order to minimize the Company’s obligation
with respect to tax equalization for Participants on assignments outside their home country.

 

    21

     

    

 

Section
16.Effective Date of the Plan. The Plan shall be effective as of the Effective Date.

 

Section
17.Term of the Plan. No Award shall be granted under the Plan after the earliest to occur of (i) the 10-year anniversary
of the Effective Date; (ii) the maximum number of Shares available for issuance under the Plan have been issued; or (iii) the
Board terminates the Plan in accordance with ‎Section 14(a). However, unless otherwise
expressly provided in the Plan or in an applicable Award Agreement, any Award theretofore granted may extend beyond such date, and the
authority of the Committee to amend, alter, adjust, suspend, discontinue or terminate any such Award, or to waive any conditions or rights
under any such Award, and the authority of the Board to amend the Plan, shall extend beyond such date.

 

Section
18.Cancellation or “Clawback” of Awards.

 

(a) The
Committee may specify in an Award Agreement that a Participant’s rights, payments and benefits with respect to an Award shall be
subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise
applicable vesting or performance conditions of an Award. Such events may include a Termination of Service with or without Cause (and,
in the case of any Cause that is resulting from an indictment or other non-final determination, the Committee may provide for such Award
to be held in escrow or abeyance until a final resolution of the matters related to such event occurs, at which time the Award shall
either be reduced, cancelled or forfeited (as provided in such Award Agreement) or remain in effect, depending on the outcome), violation
of material policies, breach of non-competition, non-solicitation, confidentiality or other restrictive covenants, or requirements to
comply with minimum share ownership requirements, that may apply to the Participant, or other conduct by the Participant that is detrimental
to the business or reputation of the Company and/or its Affiliates.

 

(b) The
Committee shall have full authority to implement any policies and procedures necessary to comply with Section 10D of the Exchange Act
and any rules promulgated thereunder and any other regulatory regimes. Notwithstanding anything to the contrary contained herein, any
Awards granted under the Plan (including any amounts or benefits arising from such Awards) shall be subject to any clawback or recoupment
arrangements or policies the Company has in place from time to time, and the Committee may, to the extent permitted by applicable law
and stock exchange rules or by any applicable Company policy or arrangement, and shall, to the extent required, cancel or require reimbursement
of any Awards granted to the Participant or any Shares issued or cash received upon vesting, exercise or settlement of any such Awards
or sale of Shares underlying such Awards.

 

Section
19.Section 409A of the Code. With respect to Awards subject to Section 409A of the Code, the Plan is intended to comply
with the requirements of Section 409A of the Code, and the provisions of the Plan and any Award Agreement shall be interpreted in a manner
that satisfies the requirements of Section 409A of the Code, and the Plan shall be operated accordingly. If any provision of the Plan
or any term or condition of any Award would otherwise frustrate or conflict with this intent, the provision, term or condition shall
be interpreted and deemed amended so as to avoid this conflict. Notwithstanding anything in the Plan to the contrary, if the Board considers
a Participant to be a “specified employee” under Section 409A of the Code at the time of such Participant’s “separation
from service” (as defined in Section 409A of the Code), and any amount hereunder is “deferred compensation” subject
to Section 409A of the Code, any distribution of such amount that otherwise would be made to such Participant with respect to an Award
as a result of such “separation from service” shall not be made until the date that is six months after such “separation
from service,” except to the extent that earlier distribution would not result in such Participant’s incurring interest or
additional tax under Section 409A of the Code. If an Award includes a “series of installment payments” (within the meaning
of Section 1.409A-2(b)(2)(iii) of the Treasury Regulations), a Participant’s right to such series of installment payments shall
be treated as a right to a series of separate payments and not as a right to a single payment, and if an Award includes “dividend
equivalents” (within the meaning of Section 1.409A-3(e) of the Treasury Regulations), a Participant’s right to such dividend
equivalents shall be treated separately from the right to other amounts under the Award. Notwithstanding the foregoing, the tax treatment
of the benefits provided under the Plan or any Award Agreement is not warranted or guaranteed, and in no event shall the Company be liable
for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by a Participant on account of non-compliance
with Section 409A of the Code.

 

    22

     

    

 

Section
20.Successors and Assigns. The terms of the Plan shall be binding upon and inure to the benefit of the Company and any successor
entity, including any successor entity contemplated by ‎Section 12(c).

 

Section
21.Data Protection. In connection with the Plan, the Company may need to process personal data provided by the Participant
to the Company or its Affiliates, third party service providers or others acting on the Company’s behalf. Examples of such personal
data may include, without limitation, the Participant’s name, nationality, account information, social security number or other
applicable identification number, tax number and contact information. The Company may process such personal data in its legitimate business
interests for all purposes relating to the operation and performance of the Plan, including but not limited to:

 

(a) administering
and maintaining Participant records;

 

(b) providing
the services described in the Plan;

 

(c) providing
information to future purchasers or merger partners of the Company or any Affiliate, or the business in which such Participant works;
and

 

(d) responding
to public authorities, court orders and legal investigations, as applicable.

 

For
the purposes of this Plan, the Company may share the Participant’s personal data with (i) Affiliates, (ii) trustees of any
employee benefit trust, (iii) registrars, (iv) brokers, (v) third party administrators of the Plan, (vi) third party service providers
acting on the Company’s behalf to provide the services described above and/or (vii) regulators and others, as required by law.

 

If
necessary, the Company may transfer the Participant’s personal data to any of the parties mentioned above in a country or territory
that may not provide the same protection for the information as the Participant’s home country. Any transfer of the Participant’s
personal data to recipients in a third country will be made subject to appropriate safeguards or applicable derogations provided for
under applicable law. Further information on those safeguards or derogations can be obtained through the contact set forth in the Employee
Privacy Notice (the “Employee Privacy Notice”) that previously has been provided by the Company or its applicable Affiliate
to the Participant. The terms set forth in this ‎Section 21 are supplementary to the terms set forth in the Employee
Privacy Notice (which, among other things, further describes the rights of the Participant with respect to the Participant’s personal
data); provided that, in the event of any conflict between the terms of this ‎Section 21 and the terms of the Employee
Privacy Notice, the terms of this ‎Section 21 shall govern and control in relation to the Plan and any personal data
of the Participant to the extent collected in connection therewith.

 

The
Company will keep personal data collected in connection with the Plan for as long as necessary to operate the Plan or as necessary to
comply with any legal or regulatory requirements.

 

A
Participant has a right to (i) request access to and rectification or erasure of the personal data provided, (ii) request the restriction
of the processing of his or her personal data, (iii) object to the processing of his or her personal data, (iv) receive the personal
data provided to the Company and transmit such data to another party, and (v) to lodge a complaint with a supervisory authority.

 

Section
22.Governing Law. The Plan and each Award Agreement shall be governed by the laws of the State of Delaware, without application
of the conflicts of law principles thereof.

 

 

23Exhibit 10.8

 

PAYONEER GLOBAL INC.

 

FORM OF INDEMNIFICATION AGREEMENT

 

This Indemnification Agreement
(“Agreement”) is made and entered into as of ____ __, 20__, by and between Payoneer Global Inc., a Delaware
corporation (the “Company”), and _________ (the “Indemnitee”).

 

WHEREAS, the
Company and Indemnitee recognize the significant cost of directors’ and officers’ liability insurance and the general reductions
in the coverage of such insurance;

 

WHEREAS, the
Company and Indemnitee further recognize the substantial increase in corporate litigation in general, subjecting officers and directors
to expensive litigation risks at the same time as the coverage of liability insurance has been severely limited;

 

WHEREAS, the
Company, and its subsidiaries, desire to attract and retain the services of highly qualified individuals, such as Indemnitee, to serve
as officers and directors of the Company and its subsidiaries, and to indemnify its officers and directors so as to provide them with
the maximum protection permitted by law;

 

WHEREAS, the
Company’s Bylaws provide that the Company shall indemnify and advance expenses to all directors and officers of the Company in the
manner set forth therein and to the fullest extent permitted by applicable law, and the Company’s Amended and Restated Certificate
of Incorporation provides for limitation of liability for directors. In addition, the Indemnitee may be entitled to indemnification pursuant
to the General Corporation Law of the State of Delaware (the “DGCL”); and

 

WHEREAS, this
Agreement is a supplement to and in furtherance of the indemnification provided in the Company’s Bylaws and shall not be deemed
a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder.

 

NOW, THEREFORE,
in consideration for Indemnitee’s services as director or officer of the Company and its subsidiaries, the Company and Indemnitee
hereby agree as follows:

 

1. Services
by Indemnitee. The Indemnitee hereby agrees to serve or continue to serve as a director [or officer] of the Company, for so long
as Indemnitee is duly elected [or appointed] or until Indemnitee tenders his or her resignation or is removed.

 

2. Indemnification.

 

(a) Third
Party Proceedings. The Company shall, to the fullest extent permitted by applicable law, indemnify Indemnitee, if Indemnitee is or
was a party, witness or other participant or is threatened to be made a party, witness or other participant to any threatened, pending
or completed action or any inquiry, hearing or investigation, suit, proceeding or any alternative dispute resolution mechanism, whether
civil, criminal, administrative or investigative (whether formal or informal) (each, an “Action”) (other than
an Action by or in the right of the Company) by reason of the fact that Indemnitee is or was a director, officer, employee, consultant
or agent of the Company, or any subsidiary or affiliate of the Company, or by reason of the fact that Indemnitee is or was serving at
the request of the Company as a director, officer, employee, consultant or agent of another corporation, partnership, joint venture, trust
or other enterprise, against expenses (including attorneys’ fees, court costs, travel expenses and all other disbursements of the
type customarily incurred in connection with an Action), judgments, fines, penalties and amounts paid in settlement (if such settlement
is approved in advance by the Company, which approval shall not be unreasonably withheld) actually and reasonably incurred by Indemnitee
in connection with such Action.

 

     

     

    

 

(b) Proceedings
By or in the Right of the Company. The Company shall to the fullest extent permitted by applicable law, indemnify Indemnitee if Indemnitee
was or is a party, witness or other participant or is threatened to be made a party, witness or other participant to any Action by or
in the right of the Company or any subsidiary of the Company to procure a judgment in its favor by reason of the fact that Indemnitee
is or was a director, officer, employee, consultant or agent of the Company, or any subsidiary of the Company, or by reason of the fact
that Indemnitee is or was serving at the request of the Company as a director, officer, employee, consultant or agent of another corporation,
partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees court costs, travel expenses
and all other disbursements of the type customarily incurred in connection with an Action) and, to the fullest extent permitted by law,
amounts paid in settlement actually and reasonably incurred by Indemnitee in connection with the defense or settlement of such Action,
except, if applicable law so provides, that no indemnification shall be made in respect of any claim, issue or matter as to which Indemnitee
shall have been finally adjudged to be liable to the Company unless and only to the extent that the Court of Chancery of the State of
Delaware or the court in which such Action was brought shall determine upon application that, despite the adjudication of liability but
in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such expenses which the Court
of Chancery of the State of Delaware or such other court shall deem proper.

 

3. Expenses;
Indemnification Procedure.

 

(a) Advancement
of Expenses. The Company shall advance all expenses (including attorneys’ fees, court costs, travel expenses and all other disbursements
of the type customarily incurred in connection with an Action) actually and reasonably incurred by or on behalf of Indemnitee in connection
with the investigation, defense, settlement or appeal of any Action referenced in Section 2 hereof (but not amounts actually paid
in settlement of any such Action). The Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement,
which shall constitute an undertaking providing that the Indemnitee undertakes to the fullest extent permitted by law to repay the advance
(without interest) if and to the extent that it is ultimately determined by a court of competent jurisdiction in a final judgment, not
subject to further appeal, that Indemnitee is not entitled to be indemnified by the Company. No other form of undertaking shall be required
other than the execution of this Agreement.. The advances to be made hereunder shall be paid by the Company to Indemnitee within twenty
(20) days following delivery of a written request therefor by Indemnitee to the Company. Advances shall be made without regard to Indemnitee’s
(i) ability to repay the expenses, (ii) ultimate entitlement to indemnification under the other provisions of this Agreement,
and (iii) entitlement to and availability of insurance coverage, including advancement, payment or reimbursement of defense costs,
expenses or covered loss under the provisions of any applicable insurance policy (including, without limitation, whether such advancement,
payment or reimbursement is withheld, conditioned or delayed by the insurer(s)). The right to advances under this paragraph shall in all
events continue until final disposition of any Proceeding, including any appeal therein. The Company shall not seek from a court, or agree
to, a “bar order” which would have the effect of prohibiting or limiting the Indemnitee’s rights to receive advancement
of expenses under this Agreement. Without limiting the generality or effect of the foregoing, within thirty days after any request by
Indemnitee, the Company shall, in accordance with such request (but without duplication), (x) pay such Expenses on behalf of Indemnitee,
(y) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (z) reimburse Indemnitee for such Expenses.

 

    -1-

     

    

 

(b) Notice/Cooperation
by Indemnitee. Indemnitee shall give the Company notice in writing as soon as practicable of any claim made against Indemnitee for
which indemnification will or could be sought under this Agreement, but failure to so notify the Company shall not relieve the Company
from any liability which it may have to Indemnitee under this Agreement unless the Company is materially prejudiced by such failure to
notify; provided, however, that notice will be deemed to have been given without any action on the part of Indemnitee in
the event the Company is a party to the same Proceeding. Notice to the Company shall be directed to the Chief Executive Officer of the
Company at the address shown on the signature page of this Agreement (or such other address as the Company shall designate in writing
to Indemnitee). Notice shall be served in accordance with Section 14 of this Agreement. In addition, Indemnitee shall give the Company
such information and cooperation as it may reasonably require and as shall be within Indemnitee’s power, but in no case shall Indemnitee
be required to convey information to the extent the disclosure thereof would cause Indemnitee to waive any privilege accorded by applicable
law.

 

(c) Procedure.
Upon written request by Indemnitee for indemnification pursuant to Section 3(b), a determination, if such determination is required by
applicable law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case by one of the following four
methods, which shall be at the election of the Board of Directors: (i) by a majority vote of the Disinterested Directors (as defined below),
even though less than a quorum, (ii) by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors,
even though less than a quorum, (iii) if there are no Disinterested Directors or if the Disinterested Directors so direct, by Independent
Counsel (as defined below) in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee, or (iv) if
so directed by the Board of Directors, by the stockholders of the Company. The Board of Directors shall notify Indemnitee of its election
promptly following such election. In the event that Indemnitee shall advise the Board of Directors of Indemnitee’s objection that
the Disinterested Directors shall determine his or her entitlement to indemnification (per option (i) or (ii) above) then the Board of
Directors shall choose options (iii) or (iv) above. In the event that Indemnitee’s right to indemnification shall be determined
by Independent Counsel pursuant to this Section 3(c), the Independent Counsel shall be selected by the Board of Directors. Indemnitee
may, within ten (10) days after written notice of such selection, deliver to the Board of Directors a written objection to such selection;
provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does
not meet the requirements of “Independent Counsel” as defined in this Agreement, and the objection shall set forth with particularity
the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If
such written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and
until such objection is withdrawn or a court has determined that such objection is without merit. If, within twenty (20) days after submission
by Indemnitee of a written request for indemnification pursuant to Section 3(b) and the election of option (iii) in accordance with the
above, no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition a court of competent
jurisdiction for resolution of any objection which shall have been made by Indemnitee to the Company’s selection of Independent
Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall
designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel
hereunder. The Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel
in connection with acting pursuant to this Agreement, and the Company shall pay all reasonable fees and expenses incident to the procedures
of this Section 3(c), regardless of the manner in which such Independent Counsel was selected or appointed.

 

    -2-

     

    

 

(d) Independent
Counsel Determination. In the case that the determination of indemnification hereunder is made by Independent Counsel, a copy of Independent
Counsel’s written opinion shall be delivered to Indemnitee and, if it is so determined that Indemnitee is entitled to indemnification,
payment to Indemnitee shall be made within ten (10) days after such determination. Indemnitee shall cooperate with the Independent Counsel
or the Company, as applicable, in making such determination with respect to Indemnitee’s entitlement to indemnification, including
providing to such counsel or the Company, upon reasonable advance request, any documentation or information, which, in the good faith
judgment of Indemnitee, is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably
necessary to such determination. Any reasonable costs or expenses (including attorneys’ fees and disbursements) incurred by Indemnitee
in so cooperating with the Independent Counsel or the Company shall be borne by the Company (irrespective of the determination as to Indemnitee’s
entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom.

 

(e) Notice
to Insurers. At the time of the receipt of a notice of a claim pursuant to Section 3(b) hereof, the Company shall give prompt
notice of the commencement of such proceeding to its provider(s) of director and officer liability insurance accordance with the procedures
set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay,
on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policies.

 

(f) Selection
of Counsel. In the event the Company shall be obligated under Section 3(a) hereof to pay the expenses of any Action against Indemnitee,
the Company, if appropriate, shall be entitled to assume the defense of such Action, with counsel approved by Indemnitee, upon the delivery
to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the
retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently
incurred by Indemnitee with respect to the same Action, provided that (i) Indemnitee shall have the right to employ his or her counsel
in any such Action at Indemnitee’s expense; and (ii) if (A) the employment of counsel by Indemnitee has been previously
authorized by the Company, (B) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company
and Indemnitee in the conduct of any such defense, or (C) the Company shall not, in fact, have employed counsel to assume the defense
of such Action, then the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. The Company shall not
be entitled to assume the defense of any claim brought by or on behalf of the Company or as to which Indemnitee shall have made the conclusion
provided for in clause (ii)(B) above. The Company shall not, without the prior written consent of Indemnitee, consent to the entry of
any judgment against Indemnitee or enter into any settlement or compromise which (i) includes an admission of fault of Indemnitee, or
(ii) does not include, as an unconditional term thereof, the full release of Indemnitee from all liability in respect of such Action,
which release shall be in form and substance reasonably satisfactory to Indemnitee. Indemnitee shall not, without the prior written consent
of the Company, consent to the entry of any judgment against Indemnitee or enter into any settlement or compromise with respect to which
the Company has indemnification obligations to Indemnitee or which includes an admission of fault of the Company.

 

    -3-

     

    

 

4. Additional
Indemnification Rights; Nonexclusivity.

 

(a) Scope.
Notwithstanding any other provision of this Agreement, the Company hereby agrees to indemnify the Indemnitee to the fullest extent permitted
by law, notwithstanding that such indemnification is not specifically authorized by the other provisions of this Agreement, the Company’s
Amended and Restated Certificate of Incorporation, the Company’s Bylaws or by statute, including, without limitation, all liability
arising out of the negligence or active or passive wrongdoing of Indemnitee. In the event of any change, after the date of this Agreement,
in any applicable law, statute, or rule which expands the right of a Delaware corporation to indemnify a member of its Board of Directors
or an officer, such changes shall be, ipso facto, within the purview of Indemnitee’s rights and Company’s obligations,
under this Agreement. In the event of any change in any applicable law, statute or rule which narrows the right of a Delaware corporation
to indemnify a member of its Board of Directors or an officer, such changes, to the extent not otherwise required by such law, statute
or rule to be applied to this Agreement shall have no effect on this Agreement or the parties’ rights and obligations hereunder.

 

(b) Nonexclusivity.
 The indemnification provided by this Agreement shall not be deemed exclusive of any rights to which Indemnitee may be entitled under
the Company’s Amended and Restated Certificate of Incorporation, its Bylaws, any agreement, any vote of stockholders or disinterested
Directors, the DGCL, or otherwise, both as to action in Indemnitee’s official capacity and as to action in another capacity while
holding such position. The indemnification provided under this Agreement shall continue as to Indemnitee for any action taken or not taken
while serving in an indemnified capacity even though he or she may have ceased to serve in such capacity at the time of any action, suit
or other covered proceeding.

 

5. Partial
Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or
a portion of the expenses, judgments, fines or penalties actually or reasonably incurred by him or her in the investigation, defense,
appeal or settlement of any Action, but not, however, for the total amount thereof, the Company shall nevertheless indemnify Indemnitee
for the portion of such expenses, judgments, fines or penalties to which Indemnitee is entitled. Moreover, notwithstanding any other provision
of this Agreement, to the extent that Indemnitee has been successful on the merits or otherwise in defense in an Action or in defense
of any issue or matter therein, Indemnitee shall be indemnified against all expenses (including attorneys’ fees court costs, travel
expenses and all other disbursements of the type customarily incurred in connection with an Action) incurred in connection therewith.
In connection with any determination as to whether Indemnitee is entitled to be indemnified hereunder the burden of proof shall be on
the Company to establish that Indemnitee is not so entitled by clear and convincing evidence. For purposes of this Agreement and without
limitation, Indemnitee will be deemed to have been “successful on the merits” in circumstances including but not limited to
the termination of any Proceeding or of any claim, issue or matter therein, by the winning of a dismissal (with or without prejudice),
motion for summary judgment, settlement (with or without court approval), or upon a plea of nolo contendere or its equivalent.

 

    -4-

     

    

 

6. No
Presumption. For purposes of this Agreement, the termination of any Action by judgment, order, settlement (whether with or without
court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did
not meet any particular standard of conduct or have any particular belief.

 

7. Officer
and Director Liability Insurance. The Company shall, from time to time, make a good faith determination whether or not it is practicable
for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and
directors of the Company with coverage for losses from wrongful acts, or to ensure the Company’s performance of its indemnification
obligations under this Agreement. Among other considerations, the Company will weigh the costs of obtaining such insurance coverage against
the protection afforded by such coverage. In all policies of director and officer liability insurance, Indemnitee shall be named as an
insured in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s
directors, if Indemnitee is a director; or of the Company’s officers, if Indemnitee is not a director of the Company but is an officer.

 

8. Severability.
Nothing in this Agreement is intended to require or shall be construed as requiring the Company to do or fail to do any act in violation
of applicable law. The Company’s inability, pursuant to court order, to perform its obligations under this Agreement shall not constitute
a breach of this Agreement. The provisions of this Agreement shall be severable as provided in this Section 8. If this Agreement
or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify
Indemnitee to the fullest extent permitted by any applicable portion of this Agreement that shall not have been so invalidated, and the
balance of this Agreement not so invalidated shall be enforceable in accordance with its terms.

 

9. Exceptions.
Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement:

 

(a) Claims
Initiated by Indemnitee. To indemnify or advance expenses to Indemnitee with respect to proceedings or claims initiated or brought
voluntarily (other than any cross-claim or counterclaim asserted by the Indemnitee) by Indemnitee and not by way of defense, except with
respect to proceedings brought to establish or enforce a right to indemnification under this Agreement or any other statute or law or
otherwise as required under Section 145 of the Delaware General Corporation Law; however, such indemnification or advancement of
expenses may be provided by the Company in specific cases if (i) the Board of Directors has approved the initiation or bringing of such
suit or (ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable
law;

 

    -5-

     

    

 

(b) Lack
of Good Faith. To indemnify Indemnitee for any expenses incurred by the Indemnitee with respect to any proceeding instituted by Indemnitee
to enforce or interpret this Agreement, if a court of competent jurisdiction finally determines that each of the material assertions made
by the Indemnitee in such proceeding was not made in good faith or was frivolous;

 

(c) Insured
Claims. To indemnify Indemnitee for expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines,
ERISA excise taxes or penalties, and amounts paid in settlement) which have been paid directly to, and actually received by, Indemnitee
by an insurance carrier under a policy of officers’ and directors’ liability insurance maintained by the Company;

 

(d) Claims
Under Section 16(b) and Related Laws or Policies. To indemnify Indemnitee for (i) expenses and the payment of profits arising from
the purchase and sale (or sale and purchase) by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), or any similar successor statute or similar provisions of state
statutory law or common law, (ii) reimbursement of the Company by the Indemnitee of any bonus or other incentive-based or equity-based
compensation or of any profits realized by the Indemnitee from the sale of securities of the Company, as required in each case under the
Exchange Act (including any such reimbursements that arise from an accounting restatement of the Company pursuant to Section 304 of the
Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Company of profits arising from
the purchase and sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act) or (iii) reimbursement of the
Company by Indemnitee of any compensation pursuant to any compensation recoupment or clawback policy adopted by the Board or the compensation
committee of the Board, including but not limited to any such policy adopted to comply with stock exchange listing requirements implementing
Section 10D of the Exchange Act; or

 

(e) Unlawful
Indemnification. To provide Indemnitee any indemnification or other payment prohibited by applicable laws.

 

10. Construction
of Certain Phrases; Definitions.

 

(a) For
purposes of this Agreement, references to the “Company” shall include, in addition to the resulting corporation, any constituent
corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued,
would have had power and authority to indemnify its directors, officers, and employees or agents, so that if Indemnitee is or was a director,
officer, employee or agent of such constituent corporation, or is or was serving at the request of such constituent corporation as a director,
officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, Indemnitee shall stand in the
same position under the provisions of this Agreement with respect to the resulting or surviving corporation as Indemnitee would have with
respect to such constituent corporation if its separate existence had continued.

 

    -6-

     

    

 

(b) For
purposes of this Agreement, references to “other enterprises” shall include employee benefit plans; references to “fines”
shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and references to “serving at the
request of the Company” shall include any service as a director, officer, employee or agent of the Company which imposes duties
on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants, or
beneficiaries, including as a deemed fiduciary thereto; and if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed
to be in the interest of the participants and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a
manner “not opposed to the best interests of the Company” as referred to in this Agreement.

 

(c) For
the purposes of this Agreement, “Disinterested Director” shall mean a director of the Company who is not and
was not a party to the Action in respect of which indemnification is sought by an Indemnitee.

 

(d) For
the purposes of this Agreement, “Independent Counsel” means a law firm, or a partner (or, if applicable, member)
of such a law firm, that is experienced in matters of Delaware corporation law and neither presently is, nor in the past five (5) years
has been, retained to represent (i) the Company or Indemnitee in any matter material to any such party (other than with respect to matters
concerning Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party
to the Action giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel”
shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest
in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. The Company
agrees to pay the reasonable fees and expenses of the Independent Counsel and to fully indemnify such counsel against any and all expenses,
claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto.

 

11. Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall constitute an original.

 

12. Successors
and Assigns. This Agreement shall be binding upon the Company and its successors and assigns, and shall inure to the benefit of
Indemnitee and Indemnitee’s estate, heirs, legal representatives and assigns including any direct or indirect successor by purchase,
merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company. The Company shall require
and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all, or a substantial
part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to each Indemnitee, expressly
to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform
if no such succession had taken place.

 

13. Attorneys’
Fees. In the event that any Action is instituted by Indemnitee under this Agreement to enforce or interpret any of the terms hereof,
Indemnitee shall be entitled to be paid all court costs and expenses, including reasonable attorneys’ fees, incurred by Indemnitee
with respect to such Action, unless as a part of such action, the court of competent jurisdiction finally determines that each of the
material assertions made by Indemnitee as a basis for such action were not made in good faith or were frivolous. In the event of an Action
instituted by or in the name of the Company under this Agreement or to enforce or interpret any of the terms of this Agreement, Indemnitee
shall be entitled to be paid all court costs and expenses (including attorneys’ fees court, costs, travel expenses and all other
disbursements of the type customarily incurred in connection with an Action), incurred by Indemnitee in defense of such action (including
with respect to Indemnitee’s counterclaims and cross-claims made in such action), unless as a part of such action the court finally
determines that each of Indemnitee’s material defenses to such action were made in bad faith or were frivolous.

 

    -7-

     

    

 

14. Notice.
All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed duly given (a) if
delivered by hand and receipted for by the party addressee, on the date of such receipt, (b) if mailed by domestic certified or registered
mail with postage prepaid, on the seventh business day after the date postmarked or (c) if sent via email or facsimile, upon transmission
and electronic confirmation of receipt or (if transmitted and received on a non-business day) on the first business day following transmission
and electronic confirmation of receipt. Addresses and contact information for notice to either party are as shown on the signature page
of this Agreement, or as subsequently modified by written notice.

 

15. Choice
of Law. This Agreement shall be governed by and its provisions construed in accordance with the laws of the State of Delaware,
as applied to contracts between Delaware residents entered into and to be performed entirely within Delaware without regard to the conflict
of law principles thereof.

 

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

 

17. Subrogation.
Except as provided in Section 20, in the event of payment under this Agreement, the Company shall be subrogated to the extent of such
payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary
to secure such rights and to enable the Company effectively to bring suit to enforce such rights.

 

18. Amendment
and Termination. No amendment, modification, termination or cancellation of this Agreement shall be effective unless it is in
writing signed by both the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a
waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

 

19. Survival.
The indemnification provided under this Agreement shall apply to any and all Actions, notwithstanding that Indemnitee has ceased to be
a director, officer, employee, trustee or agent of the Company.

 

    -8-

     

    

 

20. Secondary
Indemnitors. The Company hereby acknowledges that Indemnitee may have certain rights to indemnification, advancement of expenses
and/or insurance provided by stockholder(s) of the Company and certain of their affiliates (collectively, the “Secondary Indemnitors”).
The Company hereby agrees, subject to the provisions of this Agreement (a) that it shall be the indemnitor of first resort (i.e., its
obligations to Indemnitee are primary and any obligation of the Secondary Indemnitors to advance expenses or to provide indemnification
for the same expenses or liabilities incurred by Indemnitee are secondary), (b) that it shall be required to advance the amount of expenses
incurred by Indemnitee and shall be liable for the amount of expenses, judgments, penalties, fines and amounts paid in settlement to the
extent legally permitted and as required by the terms of this Agreement and the Certificate of Incorporation of the Company (or any other
agreement between the Company and Indemnitee), without regard to any rights Indemnitee may have against the Secondary Indemnitors, and,
(c) that it irrevocably waives, relinquishes and releases the Secondary Indemnitors from any and all claims against the Secondary Indemnitors
for contribution, subrogation or any other recovery of any kind in respect thereof. The Company further agrees that no advancement or
payment by the Secondary Indemnitors on behalf of Indemnitee with respect to any claim for which Indemnitee has sought indemnification
from the Company shall affect the foregoing and the Secondary Indemnitors shall have a right of contribution and/or be subrogated to the
extent of such advancement or payment to all of the rights of recovery of Indemnitee against the Company. The Company and Indemnitee agree
that the Secondary Indemnitors are express third party beneficiaries of the terms of this Section 20.

 

21. Contribution.

 

(a) To
the fullest extent permitted under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee
for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether
for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Action,
in the first instance, the entire amount of any judgment or settlement of such Action without requiring Indemnitee to contribute to such
payment and the Company hereby waives and relinquishes any right of contribution it may have against Indemnitee. The Company shall not
enter into any settlement of any Action in which the Company is jointly liable with Indemnitee unless such settlement provides for a full
and final release of all claims (whether monetary or otherwise) asserted against Indemnitee.

 

(b) Without
diminishing or impairing the obligations of the Company set forth in Section 21(a), if, for any reason, Indemnitee shall elect or be required
to pay all or any portion of any judgment or settlement in any threatened, pending or completed Action in which the Company is jointly
liable with Indemnitee, the Company shall contribute to the amount of expenses, judgments, fines and amounts paid in settlement actually
and reasonably incurred and paid or payable by Indemnitee in proportion to the relative benefits received by the Company and all officers,
directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee, on the one hand, and Indemnitee,
on the other hand, from the transaction or events from which such action, suit or proceeding arose; provided, however, that
the proportion determined on the basis of relative benefit may, to the extent necessary to conform to law, be further adjusted by reference
to the relative fault of the Company and all officers, directors or employees of the Company other than Indemnitee who are jointly liable
with Indemnitee, on the one hand, and Indemnitee, on the other hand, in connection with the transaction or events that resulted in such
expenses, judgments, fines or settlement amounts, as well as any other equitable considerations which applicable law may require to be
considered. The relative fault of the Company and all officers, directors or employees of the Company, other than Indemnitee, who are
jointly liable with Indemnitee, on the one hand, and Indemnitee, on the other hand, shall be determined by reference to, among other things,
the parties’ relative intent, knowledge and access to information, the degree to which their actions were motivated by intent to
gain personal profit or advantage, the degree to which their liability is primary or secondary, the degree to which their conduct is active
or passive and the opportunity to correct or prevent the circumstances resulting in such expenses, judgments, fines or settlement amounts.

 

    -9-

     

    

 

(c) To
the extent allowed by Delaware law, the Company hereby agrees to fully indemnify and hold Indemnitee harmless from any claims of contribution
which may be brought by officers, directors or employees of the Company, other than Indemnitee, who may be jointly liable with Indemnitee.

 

22. Determination
of Good Faith. For purposes of any determination of good faith, Indemnitee shall be presumed to have acted in good faith if Indemnitee’s
action is based on the records or books of account of the Company, including financial statements, or on information supplied to Indemnitee
by the officers of the Company in the course of their duties, or on the advice of legal counsel for the Company or the Board or counsel
selected by any committee of the Board or on information or records given or reports made to the Company by an independent certified public
accountant or by an appraiser, investment banker, compensation consultant, or other expert selected with reasonable care by the Company
or the Board or any committee of the Board.  The provisions of this Section 22 shall not be deemed to be exclusive or to limit in
any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct. Whether or not the
foregoing provisions of this Section 22 are satisfied, it shall in any event be presumed that Indemnitee has at all times acted in good
faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company. The knowledge and/or
actions, or failure to act, of any director, officer, agent or employee of the Company or the Company itself shall not be imputed to Indemnitee
for purposes of determining any rights under this Agreement.

 

23. Integration
and Entire Agreement. This Agreement sets forth the entire understanding between the parties hereto and supersedes and merges
all previous written and oral negotiations, commitments, understandings and agreements relating to the subject matter hereof between the
parties hereto, including without limitation any Indemnification Agreement previously executed by and between the Company and the undersigned
Indemnitee, if any.

 

24. Effectiveness
of Agreement. This Agreement shall automatically become effective, without any further actions on the part on the part of the
Company or Indemnitee, immediately upon the date hereof.

 

[Signature page to follow]

 

    -10-

     

    

 

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

 

	 	PAYONEER GLOBAL INC.
	 	 
	 	 
	 	Signature of Authorized Signatory
	 	 
	 	
	 	Print Name and Title
	 	 

 

	AGREED TO AND ACCEPTED:	 
	 	 
	INDEMNITEE: 	 
	 	 
	 	 
	Signature	 
	 	 
		 
	Print Name and Title	 
	 	 
	Address:	                                                          	 
	 	 
	 	 
	Email:	 	 

 

[Signature page to Indemnification
Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00330-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00330-of-00352.parquet"}]]