Document:

ex_253226.htm

Exhibit 4.2

 

	
			Number *0*     

				
			 Shares *0*

			

 

SEE REVERSE FOR IMPORTANT 

NOTICE ON TRANSFER RESTRICTIONS

AND OTHER INFORMATION

 

 

PRESIDIO PROPERTY TRUST, INC.

 

a corporation formed under the laws of the State of Maryland

 

THIS CERTIFIES THAT **Specimen** is the owner of **Zero (0)** fully paid and nonassessable shares of 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share, of

 

Presidio Property Trust, Inc.

 

(the “Corporation”) transferable on the books of the Corporation by the holder hereof in person or by its duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby are issued and shall be held subject to all of the provisions of the charter of the Corporation and the Bylaws of the Corporation and any amendments thereto.

 

 

IN WITNESS WHEREOF, the Corporation has caused this Certificate to be executed on its behalf by its duly authorized officers this ___ day of __________, 20___.         

 

 

 

	
			___________________________________ 

				 	
			___________________________________ (SEAL)

			
	
			Adam Sragovicz

				 	
			Jack K. Heilbron

			
	
			Secretary

				 	
			Chief Executive Officer and President

			

 

 

 

 

 

 

IMPORTANT NOTICE

The Corporation will furnish to any stockholder, on request and without charge, a full statement of the information required by Section 2-211(b) of the Corporations and Associations Article of the Annotated Code of Maryland with respect to the designations and any preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications, and terms and conditions of redemption of the stock of each class which the Corporation has authority to issue and, if the Corporation is authorized to issue any preferred or special class in series, (i) the differences in the relative rights and preferences between the shares of each series to the extent set, and (ii) the authority of the Board of Directors to set such rights and preferences of subsequent series. The foregoing summary does not purport to be complete and is subject to and qualified in its entirety by reference to the charter of the Corporation, a copy of which will be sent without charge to each stockholder who so requests. Such request must be made to the Secretary of the Corporation at its principal office.

 

The shares represented by this certificate are subject to restrictions on Beneficial and Constructive Ownership and Transfer for the purpose of the Corporation’s maintenance of its status as a Real Estate Investment Trust under the Internal Revenue Code of 1986, as amended (the “Code”). Subject to certain further restrictions and except as expressly provided in the Corporation’s charter, (i) no Person may Beneficially or Constructively Own shares of the Corporation’s Common Stock in excess of nine and 8/10ths percent (9.8%) (in value or number of shares) of the outstanding shares of Common Stock of the Corporation unless such Person is an Excepted Holder (in which case the Excepted Holder Limit shall be applicable); (ii) no Person may Beneficially or Constructively Own shares of Capital Stock of the Corporation in excess of nine and 8/10ths percent (9.8%) of the value of the total outstanding shares of Capital Stock of the Corporation, unless such Person is an Excepted Holder (in which case the Excepted Holder Limit shall be applicable); (iii) no Person may Beneficially or Constructively Own Capital Stock that would result in the Corporation being “closely held” under Section 856(h) of the Code or otherwise cause the Corporation to fail to qualify as a REIT; and (iv) no Person may Transfer shares of Capital Stock if such Transfer would result in the Capital Stock of the Corporation being owned by fewer than 100 Persons. Any Person who Beneficially or Constructively Owns or attempts to Beneficially or Constructively Own shares of Capital Stock which causes or will cause a Person to Beneficially or Constructively Own shares of Capital Stock in excess or in violation of the above limitations must immediately notify the Corporation. If any of the restrictions on transfer or ownership are violated, the shares of Capital Stock represented hereby will be automatically transferred to a Trustee of a Charitable Trust for the benefit of one or more Charitable Beneficiaries. In addition, upon the occurrence of certain events, attempted Transfers in violation of the restrictions described above may be void ab initio. All capitalized terms in this legend have the meanings defined in the charter, as the same may be amended from time to time, a copy of which, including the restrictions on transfer and ownership, will be furnished to each holder of Capital Stock of the Corporation on request and without charge.

_________________________________

KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, DESTROYED, STOLEN OR MUTILATED, THE CORPORATION

WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE.

_________________________________

 

The following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

 

	
			TEN COM

				
			-

				
			as tenants in common

				
			UNIF GIFT MIN ACT __________________ Custodian __________________

			
	
			TEN ENT

				
			-

				
			as tenants by the entireties

				
			                                    (Custodian)                                   (Minor)

				 
	
			JT TEN 

				
			-

				
			as joint tenants with right of

				
			under Uniform Gifts to Minors Act of

				 
	 	 	
			survivorship and not as tenants

				
			__________________________

				 
	 	 	
			in common

				
			(State)

				 

 

Additional abbreviations may also be used though not in the above list.

 

FOR VALUE RECEIVED, ________________________ HEREBY SELLS, ASSIGNS AND TRANSFERS UNTO

 

_______________________________________________________________________________________________________________________________________

(Please Print or Typewrite Name and Address, Including Zip Code, of Assignee)

 

_______________________________________________________________________________________________________________________________________

(Please Insert Social Security or other Identifying Number of Assignee)

 

____________________________ (______________) shares of Common Stock of the Corporation represented by this Certificate and does hereby irrevocably constitute and appoint ________________________________ attorney to transfer the said shares of Common Stock on the books of the Corporation, with full power of substitution in the premises.

 

Dated _______________________         _______________________________________________________________________________________________________

NOTICE: The Signature To This Assignment Must Correspond With The Name As Written Upon The Face Of The Certificate In

Every Particular, Without Alteration Or Enlargement Or Any Change Whatsoever.EX-10.1

 Exhibit 10.1 

SUPERIOR INDUSTRIES INTERNATIONAL, INC. 

2018 EQUITY INCENTIVE PLAN, AS AMENDED 

SECTION 1 
 BACKGROUND AND
PURPOSE 
  

	1.1	 Background. The Plan permits the grant of Nonqualified Stock Options, Incentive Stock Options, Stock
Appreciation Rights (SARs), Restricted Stock, Restricted Stock Units, Performance Awards and Other Stock-Based Awards. 

  

	1.2	 Purpose of the Plan. The Plan is intended to attract, motivate and retain the following individuals:
(a) employees of the Company or its Affiliates; (b) consultants who provide significant services to the Company or its Affiliates and (c) directors of the Company or any of its Affiliates who are employees of neither the Company nor
any Affiliate. The Plan is also designed to encourage stock ownership by such individuals, thereby aligning their interests with those of the Company’s shareholders. 

SECTION 2 
 DEFINITIONS

 The following words and phrases shall have the following meanings unless a different meaning is plainly required by the context: 

 

	2.1	 “1934 Act” means the Securities Exchange Act of 1934, as amended. Reference to a specific section of
the Act shall include such section, any valid rules or regulations promulgated under such section, and any comparable provisions of any future legislation, rules or regulations amending, supplementing or superseding any such section, rule or
regulation. 

  

	2.2	 “Administrator” means, collectively, (i) the Board, (ii) a committee of the Board
designated in accordance with Section 4.1, or (iii) one or more Directors or executive officers of the Company designated by the Board to administer the Plan or specific portions thereof as provided in Section 4.4; provided, however,
that Awards to Nonemployee Directors may only be granted by a committee of the Board consisting of two or more Independent Directors. 

  

	2.3	 “Affiliate” means any corporation or any other entity (including, but not limited to, Subsidiaries,
partnerships and joint ventures) controlling, controlled by, or under common control with the Company. 

  

	2.4	 “Applicable Law” means the legal requirements relating to the administration of an Award issued
pursuant to the Plan and similar incentive plans under any applicable laws, including but not limited to federal and state employment, labor, privacy and securities laws, the Code, and applicable rules and regulations promulgated by any stock
exchange or quotation system upon which the Shares may then be listed or quoted. 

  

	2.5	 “Award” means, individually or collectively, a grant under the Plan of Nonqualified Stock Options,
Incentive Stock Options, SARs, Restricted Stock, Restricted Stock Units, Performance Awards, and Other Stock-Based Awards. 

  

	2.6	 “Award Agreement” means the written agreement or program document between the Company and a
Participant setting forth the terms and provisions applicable to each Award granted under the Plan, including the Grant Date. 

  

	2.7	 “Board” or “Board of Directors” means the Board of Directors of the Company.

  

	2.8	 “Cause” shall have the meaning assigned to such term in any Company or Affiliate employment,
severance, or similar agreement or Award Agreement with the Participant or, if no such agreement exists or the agreement does not define “Cause,” Cause means (i) commission of, indictment for, or conviction of a felony or crime
involving moral turpitude or dishonesty, (ii) an act of theft, fraud, embezzlement or misappropriation, (iii) violation of Company (or any Affiliate) policies, with or acting against the interests of the Company (or any Affiliate),
including employing or recruiting any present, former or future employee of the Company (or any Affiliate), (iv) willful failure to perform duties on behalf of the Company (or any Affiliate), (v) misuse of any confidential, secret, privileged or non-public information relating to the Company’s (or any Affiliate’s) business, or (vi) participating in a hostile takeover attempt of the Company or an Affiliate. 

	2.9	 “Change in Control” means the occurrence of any of the following: 

 

	 	a)	 Any “person” (as such term is used in Sections 13(d) and 14(d) of the 1934 Act) becomes the
“beneficial owner” (as defined in Rule 13d-3 of the 1934 Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by
the Company’s then outstanding voting securities; 

  

	 	b)	 The following individuals cease for any reason to constitute a majority of the number of Directors then serving
on the Board: individuals who, during any period of two (2) consecutive years, constitute the Board and any new Director (other than a Director whose initial assumption of office is in connection with an actual or threatened election contest,
including, but not limited to, a consent solicitation, relating to the election of Directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s stockholders was approved or recommended by a
vote of at least two-thirds (2/3) of the Directors then still in office who either were Directors at the beginning of the two (2) year period or whose appointment, election or nomination for election was
previously so approved or recommended; 

  

	 	c)	 The consummation of the sale or disposition by the Company of all or substantially all of the Company’s
assets; or 

  

	 	d)	 The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or
consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its
parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation. 

 

	2.10	 “Code” means the Internal Revenue Code of 1986, as amended. Reference to a specific section of the
Code or regulation thereunder shall include such section or regulation, any valid regulation promulgated under such section, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such section or
regulation. 

  

	2.11	 “Committee” means any committee of the Board designated to administer the Plan in accordance with
Section 4.1. 

  

	2.12	 “Company” means Superior Industries International, Inc., or any successor thereto.

  

	2.13	 “Consultant” means any consultant, independent contractor or other person who provides significant
services (other than capital-raising activities) to the Company or its Affiliates or any employee or affiliate of any of the foregoing, but who is neither an Employee nor a Director. 

 

	2.14	 “Continuous Service” means that a Participant’s employment or service relationship with the
Company or any Affiliate is not interrupted or terminated. Continuous Service shall not be considered interrupted in the following cases: (i) any leave of absence approved by the Company or (ii) transfers between locations of the Company
or between the Company and any Subsidiary or successor. A leave of absence approved by the Company shall include sick leave, military leave or any other personal leave approved by an authorized representative of the Company. For purposes of
Incentive Stock Options, no leave of absence may exceed ninety (90) days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If such reemployment is approved by the Company but not guaranteed by statute or
contract, then such employment will be considered terminated on the ninety-first (91st) day of such leave and on such date any Incentive Stock Option held by the Participant shall cease to be treated as an Incentive Stock Option and shall be treated
for tax purposes as a Nonqualified Stock Option. In the event a Participant’s status changes among the positions of Employee, Director and Consultant, the Participant’s Continuous Service shall not be considered terminated solely as a
result of any such changes in status. Whether military, government or other service or other leave of absence shall constitute a termination of Continuous Service shall be determined in each case by the Administrator at its discretion, and any
determination by the Administrator shall be final and conclusive; provided, however, that for purposes of any Award that is subject to Section 409A of the Code, the determination of a leave of absence must comply with the requirements of a
“bona fide leave of absence” as provided in Treasury Regulations Section 1.409A-1(h). 

  

	2.15	 “Director” means any individual who is a member of the Board of Directors of the Company or an
Affiliate of the Company. 

	2.16	 “Disability” means a permanent and total disability within the meaning of Section 22(e)(3) of
the Code, provided that in the case of Awards other than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists in accordance with uniform and
non-discriminatory standards adopted by the Administrator from time to time. 

  

	2.17	 “Eligible Participant” means an Employee, Director or Consultant. 

 

	2.18	 “Employee” means any individual who is a common-law employee
(including a leased employee) of the Company or of an Affiliate. 

  

	2.19	 “Exercise Price” means the price at which a Share may be purchased by a Participant pursuant to the
exercise of an Option, and the base price used to determine the amount of cash or number of Shares payable to a Participant upon the exercise of a SAR. 

  

	2.20	 “Fair Market Value” means with respect to a Share, as of any date, the closing sales price for such
Share on the Grant Date of the Award, provided the Shares are listed on an established stock exchange or a national market system, including without limitation the New York Stock Exchange (“NYSE”). If no sales were reported on such Grant
Date of the Award, the Fair Market Value of a Share shall be the closing price for such Share as quoted on the NYSE (or the exchange with the greatest volume of trading in the Shares) on the last market trading day with reported sales prior to the
date of determination. In the case where the Company is not listed on an established stock exchange or national market system, Fair Market Value shall be determined by the Board in good faith in accordance with Code Section 409A and the
applicable Treasury regulations. 

  

	2.21	 “Fiscal Year” means a fiscal year of the Company. 

 

	2.22	 “Full-Value Award” means an Award other than in the form of an Option or SAR, and which is settled by
the issuance of Shares (or at the discretion of the Administrator, settled in cash valued by reference to Share value). 

  

	2.23	 “Full-Value Award Limitation” means the limit on Full-Value Awards specified in Section 5.4.

  

	2.24	 “Good Reason” shall have the meaning assigned to such term in any Company or Affiliate employment,
severance, or similar agreement or Award Agreement with the Participant, to the extent applicable. 

  

	2.25	 “Grant Date” means the first date on which all necessary corporate action has been taken to approve
the grant of the Award as provided in the Plan, or such later date as is determined and specified as part of that authorization process. Notice of the grant shall be provided to the grantee within a reasonable time after the Grant Date.

  

	2.26	 “Incentive Stock Option” means an Option to purchase Shares, which is designated as an Incentive
Stock Option and is intended to meet the requirements of Section 422 of the Code. 

  

	2.27	 “Independent Director” means a Nonemployee Director who is (i) a “nonemployee
director” within the meaning of Rule 16b-3 of the 1934 Act and (ii) “independent” as determined under the applicable rules of the NYSE, as any of these definitions may be modified or
supplemented from time to time. 

  

	2.28	 “Nonemployee Director” means a Director who is not employed by the Company or an Affiliate.

  

	2.29	 “Nonqualified Stock Option” means an option to purchase Shares that is not intended to be an
Incentive Stock Option. 

  

	2.30	 “Option” means an Incentive Stock Option or a Nonqualified Stock Option. 

 

	2.31	 “Other Stock-Based Award” means a right or other interest granted to a Participant pursuant to
Section 11 of the Plan that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to, Shares, including, but not limited to, unrestricted Shares or dividend equivalents, each of which may
be subject to the attainment of Performance Goals or a period of continued employment or other terms or conditions as permitted under the Plan. 

  

	2.32	 “Participant” means an Employee, Consultant or Nonemployee Director who has an outstanding Award.

	2.33	 “Performance Award” means an Award granted to a Participant pursuant to Section 10 of the Plan,
the vesting of which is contingent on the satisfaction of specified performance conditions. 

  

	2.34	 “Period of Restriction” means the period during which the transfer of Shares underlying Awards of
Restricted Stock or Restricted Stock Units are subject to restrictions that subject the Shares to a substantial risk of forfeiture. 

  

	2.35	 “Plan” means this Superior Industries International, Inc. 2018 Equity Incentive Plan, as set forth in
this instrument and as hereafter amended from time to time. 

  

	2.36	 “Restricted Stock” means an Award granted to a Participant pursuant to Section 9 of the Plan. An
Award of Restricted Stock constitutes a transfer of ownership of Shares to a Participant from the Company subject to restrictions against transferability, assignment, and hypothecation. Under the terms of the Award, the restrictions against
transferability are removed when the Participant has met the specified vesting requirement. 

  

	2.37	 “Restricted Stock Unit” means an Award granted to a Participant pursuant to Section 9 of the
Plan. An Award of Restricted Stock Units constitutes the right to receive Shares (or the equivalent value in cash or other property if the Administrator so provides) in the future, which right is subject to certain restrictions and to risk of
forfeiture. 

  

	2.38	 “Retirement” shall mean satisfactory completion of the Company’s guidelines for retirement as
specified by the Company’s retirement policy, as may be in effect from time to time. 

  

	2.39	 “SEC” means the U.S. Securities and Exchange Commission. 

 

	2.40	 “Section 16 Person” means a person who, with respect to the Shares, is subject to
Section 16 of the 1934 Act. 

  

	2.41	 “Shares” means shares of common stock of the Company. 

 

	2.42	 “Stock Appreciation Right” or “SAR” means an Award granted to a Participant pursuant to
Section 8 of the Plan. Upon exercise, a SAR gives a Participant a right to receive a payment in cash, or the equivalent value in Shares, equal to the difference between the Fair Market Value of the Shares on the exercise date and the Exercise
Price. Both the number of SARs and the Exercise Price are determined on the Grant Date. For example, assume a Participant is granted 100 SARs at an Exercise Price of $10 and the award agreement specifies that the SARs will be settled in Shares. Also
assume that the SARs are exercised when the underlying Shares have a Fair Market Value of $20 per Share. Upon exercise of the SAR, the Participant is entitled to receive 50 Shares [(($20-$10)x100)/$20].

  

	2.43	 “Subsidiary” means any corporation in an unbroken chain of corporations beginning with the Company if
each of the corporations other than the last corporation in the unbroken chain then owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.

 SECTION 3 

EFFECTIVE DATE AND TERM 
  

	3.1	 Effective Date. The Superior Industries International, Inc. 2008 Equity Incentive Plan was originally
approved by the Company’s shareholders at the 2008 Annual Meeting of shareholders and became effective on May 30, 2008 (the “Original Plan”). The Original Plan was subsequently amended and restated and re-approved by the Company’s shareholders at the 2013 Annual Meeting (the “Amended and Restated Plan”). The Amended and Restated Plan is further amended and restated hereby in order to, among other
things, (i) rename the Plan to the Superior Industries International, Inc. 2018 Equity Incentive Plan, (ii) extend the termination date of the Plan, (iii) increase the number of Shares available for issuance pursuant to Awards granted
under the Plan and (iv) expand the types of Awards that may be granted under the Plan. Subject to the approval of the Company’s shareholders at the 2018 Annual Meeting, the Plan, as amended and restated hereby, will become effective on the
date that it is approved by the Company’s shareholders (the “Effective Date”). 

	3.2	 Term. Unless earlier terminated as provided herein, the Plan shall continue in effect until the tenth
(10th) anniversary of the Effective Date. The termination of the Plan on such date shall not affect the validity of any Award outstanding on the date of termination, which shall continue to be
governed by the applicable terms and conditions of the Plan. 

 SECTION 4 

ADMINISTRATION 
  

	4.1	 The Administrator. The Plan shall be administered by a Committee of the Board appointed by the Board
(which Committee shall consist of at least two Directors) or, at the discretion of the Board from time to time, the Plan may be administered by the Board. It is intended that at least two of the Directors appointed to serve on the Committee shall be
Independent Directors and that any such members of the Committee who do not so qualify shall abstain from participating in any decision to make or administer Awards that are made to Eligible Participants who at the time of consideration for such
Award are Section 16 Persons. However, the mere fact that a Committee member shall fail to qualify as an Independent Director or shall fail to abstain from such action shall not invalidate any Award made by the Committee which Award is
otherwise validly made under the Plan. The members of the Committee shall be appointed by, and may be changed at any time and from time to time in the discretion of, the Board. Unless and until changed by the Board, the Compensation and Benefits
Committee of the Board is designated as the Administrator to administer the Plan. The Board may reserve to itself any or all of the authority and responsibility of the Committee under the Plan or may act as administrator of the Plan for any and all
purposes. Notwithstanding any of the foregoing, grants of Awards to Nonemployee Directors under the Plan shall be subject to the applicable award limit set forth in Section 5.4 hereof. 

 

	4.2	 Action and Interpretation by the Administrator. For purposes of administering the Plan, the
Administrator may from time to time adopt rules, regulations, guidelines and procedures for carrying out the provisions and purposes of the Plan and make such other determinations, not inconsistent with the Plan, as the Administrator may deem
appropriate. The Administrator may correct any defect, supply any omission or reconcile any inconsistency in the Plan or in any Award in the manner and to the extent it deems necessary to carry out the intent of the Plan. The Administrator’s
interpretation of the Plan, any Awards granted under the Plan, any Award Agreement and all decisions and determinations by the Administrator with respect to the Plan are final, binding, and conclusive on all persons and shall be given the maximum
deference permitted by Applicable Law. Each member of the Administrator is entitled to, in good faith, rely or act upon any report or other information furnished to that member by any officer or other employee of the Company or any Affiliate, the
Company’s or an Affiliate’s independent certified public accountants, Company counsel or any executive compensation consultant or other professional retained by the Company to assist in the administration of the Plan. No member of the
Administrator will be liable for any good faith determination, act or omission in connection with the Plan or any Award. 

  

	4.3	 Authority of the Administrator. It shall be the duty of the Administrator to administer the Plan in
accordance with the Plan’s provisions and in accordance with Applicable Law. The Administrator shall have all powers and discretion necessary or appropriate to administer the Plan and to control its operation, including, but not limited to, the
power to: (a) determine which Employees, Consultants and Directors shall be granted Awards; (b) determine the vesting conditions, if any, applicable to Awards and the circumstances under which vesting conditions may be modified,
(c) determine the other terms and conditions of the Awards, (d) interpret the Plan, (e) adopt rules for the administration, interpretation and application of the Plan as are consistent therewith, (f) interpret, amend or revoke
any such rules, and (g) adopt such modifications, procedures, and subplans as may be necessary or desirable to comply with provisions of the laws of the United States or any non-U.S. jurisdictions in
which the Company or any Affiliate may operate, in order to assure the viability of the benefits of Awards granted to participants located in the United States or such other jurisdictions and to further the objectives of the Plan.

  

	4.4	 Delegation. The Board may, by resolution, expressly delegate to a special committee, consisting of one
or more Board members who may but need not be officers of the Company, the authority, within specified parameters as to the number and terms of Awards, to (i) designate Eligible Participants to be recipients of Awards under the Plan, and
(ii) to determine the number of such Awards to be received by any such Participants; provided, however, that such delegation of duties and responsibilities to an officer of the Company may not be made with respect to the grant of Awards to
Eligible Participants (a) who are Nonemployee Directors or (b) who are Section 16 Persons at the Grant Date. The acts of such delegates shall be treated hereunder as acts of the Board and such delegates shall report regularly to the
Board and the Compensation and Benefits Committee regarding the delegated duties and responsibilities and any Awards so granted. The Administrator may also delegate nondiscretionary administrative duties to other parties as it deems appropriate.

 SECTION 5 

SHARES SUBJECT TO THE PLAN 
  

	5.1	 Number of Shares. Subject to adjustment as provided in Section 5.3, the total number of Shares
available for grant under the Plan shall be 4,350,000 Shares, including Shares issued or issuable with respect to Awards granted since May 30, 2008. Provided further, that effective May 25, 2021, 2,000,000 additional Shares shall be added
to the Plan, also subject to adjustment as provided in Section 5.3. Shares granted under the Plan may be authorized but unissued Shares or reacquired Shares bought on the market or otherwise. 

 

	5.2	 Share Counting. Shares covered by an Award shall be subtracted from the Plan share reserve as of the
Grant Date, but shall be added back to the Plan share reserve in accordance with this Section 5.2: 

  

	 	a)	 To the extent that an Award is canceled, terminates, expires, is forfeited or lapses for any reason, any
unissued or forfeited Shares originally subject to the Award will be added back to the Plan share reserve and again be available for issuance pursuant to Awards granted under the Plan. 

 

	 	b)	 Shares subject to Awards settled in cash will be added back to the Plan share reserve and again be available
for issuance pursuant to Awards granted under the Plan. 

  

	 	c)	 The following Shares may not again be made available for issuance as Awards under the Plan: (i) Shares not
issued or delivered as a result of the net settlement of an outstanding Option or SAR, (ii) Shares used to pay the Exercise Price or withholding taxes related to an outstanding Option or SAR, (iii) Shares repurchased on the open market
with the proceeds of the exercise price of an Option or (iv) Shares surrendered or withheld to cover taxes due upon the vesting of an Award. 

  

	 	d)	 To the extent that the full number of Shares subject to an Award other than an Option or SAR is not issued for
any reason, including by reason of failure to achieve maximum performance goals, the unissued Shares originally subject to the Award will be added back to the Plan share reserve and again be available for issuance pursuant to Awards granted under
the Plan. For the avoidance of doubt, Shares underlying Awards that are subject to the achievement of performance goals shall be counted against the Plan share reserve based on the target value of such Awards unless and until such time as such
Awards become vested and settled in Shares. 

  

	 	e)	 Substitute Awards granted pursuant to Section 5.6 of the Plan shall not count against the Shares otherwise
available for issuance under the Plan under Section 5.1. 

  

	 	f)	 Subject to applicable stock exchange requirements, shares available under a shareholder-approved plan of a
company acquired by the Company (as appropriately adjusted to Shares to reflect the transaction) may be issued under the Plan pursuant to Awards granted to individuals who were not employees of the Company or its Affiliates immediately before such
transaction and will not count against the maximum share limitation specified in Section 5.1. 

  

	5.3	 Adjustments in Awards and Authorized Shares. The number and kind of shares authorized for grant under
the Plan in Section 5.1, the Award limits in Section 5.4, the number and kind of shares covered by each outstanding Award, and the per share exercise price of each such Option or SAR, shall be proportionately adjusted for any increase or
decrease in the number of issued Shares resulting from a stock split, reverse stock split, recapitalization, combination, reclassification, spin-off, stock dividend on the Shares, or any other increase or
decrease in the number of such Shares effected without receipt of consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of
consideration.” The Administrator shall make such adjustments to the Plan and Awards as it deems necessary, in its sole discretion, to prevent dilution or enlargement of rights immediately resulting from such transaction, and the decisions of
the Administrator in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issue by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no
adjustment by reason thereof shall be made with respect to, the number or price of Shares subject to an Option. Notwithstanding any anti-dilution provision in the Plan, the Administrator shall not make any adjustments to outstanding Options or SARs
that would constitute a modification or substitution of the stock right under Treasury Regulations Sections 1.409A-1(b)(5)(v) that would be treated as the grant of a new stock right or change in the form of
payment for purposes of Code Section 409A. 

	5.4	 Limitations on Awards. Notwithstanding any provision in the Plan to the contrary (but subject to
adjustment as provided in Section 5.3): 

  

	 	a)	 Incentive Stock Options Limitation. No more than 3,000,000 Shares may be granted over the life of the
Plan in the form of Incentive Stock Options. 

  

	 	b)	 [Intentionally Omitted] 

 

	 	c)	 Awards to Nonemployee Directors. Notwithstanding anything to the contrary in the Plan, effective
May 25, 2021, no Participant who is a Nonemployee Director shall be granted overall compensation (inclusive of equity and cash compensation) in excess of $500,000 during any calendar year, with the value of any Shares determined as of the
applicable Grant Date(s). The Board may make exceptions to this limit for a non-executive chair of the Board, or in extraordinary circumstances, for other Nonemployee Directors, provided that a Nonemployee
Director receiving the additional compensation may not participate in the decision to award such compensation. 

  

	5.5	 Minimum Vesting Requirements. Except in the case of substitute Awards granted pursuant to
Section 5.6 and subject to the following sentence, Awards granted under the Plan shall be subject to a minimum vesting period of one year. Notwithstanding the foregoing, (i) the Administrator may permit acceleration of vesting of an Award
in the event of the Participant’s death, Disability, or Retirement, or the occurrence of a Change in Control, and (ii) the Administrator may grant Awards covering five percent (5%) or fewer of the total number of Shares authorized under
the Plan without respect to the above-described minimum vesting requirements. Notwithstanding the foregoing, with respect to Awards to Nonemployee Directors, the vesting of such Awards will be deemed to satisfy the
one-year minimum vesting requirement to the extent that the Awards vest based on the approximately one-year period beginning on each regular annual meeting of the
Company’s shareholders and ending on the date of the next regular annual meeting of the Company’s shareholders. 

  

	5.6	 Substitute Awards. In the event that the Company or an Affiliate consummates a transaction described in
Section 424(a) of the Code (e.g., the acquisition of property or stock from an unrelated corporation), persons who become Employees, Directors or Consultants on account of such transaction may be granted Awards in substitution for awards
granted by their former employer, and any such substitute such Options or SARs may be granted with an Exercise Price less than the Fair Market Value of a Share on the Grant Date; provided, however, the grant of such substitute Option or SAR shall
not constitute a “modification” as defined in Code Section 424(h)(3) and the applicable Treasury regulations. 

SECTION 6 
 ELIGIBILITY

  

	6.1	 General. Awards may be granted only to Eligible Participants. Incentive Stock Options may be granted
only to Eligible Participants who are employees of the Company or a Subsidiary as defined in Section 424(e) and (f) of the Code. Eligible Participants who are service providers to an Affiliate may be granted Options or SARs under this Plan
only if the Affiliate qualifies as an “eligible issuer of service recipient stock” within the meaning of Treasury Regulations §1.409A-1(b)(5)(iii)(E). 

SECTION 7 
 STOCK OPTIONS

  

	7.1	 Grant of Options. Subject to the terms and provisions of the Plan, Options may be granted at any time
and from time to time as determined by the Administrator in its discretion. The Administrator may grant Incentive Stock Options, Nonqualified Stock Options, or a combination thereof, and the Administrator, in its discretion and subject to
Section 5.4, shall determine the number of Shares subject to each Option. Unless the Administrator expressly provides in an Award Agreement that an Award of Options is intended to be Incentive Stock Options, the Award shall be Nonqualified
Stock Options. 

  

	7.2	 Award Agreement. Each Option shall be evidenced by an Award Agreement that shall specify the Exercise
Price, the expiration date of the Option, the number of Shares to which the Option pertains, any conditions to exercise the Option, and such other terms and conditions as the Administrator, in its discretion, shall determine. The Award Agreement
shall also specify whether the Option is intended to be an Incentive Stock Option or a Nonqualified Stock Option. 

	7.3	 Exercise Price. The Administrator shall determine the Exercise Price for each Option subject to the
provisions of this Section 7.3. Other than an Option issued as a substitute Award pursuant to Section 5.6, the per Share Exercise Price of an Option shall not be less than one hundred percent (100%) of the Fair Market Value of a Share on
the Grant Date. 

  

	7.4	 Incentive Stock Options. The grant of Incentive Stock Options shall be subject to all of the
requirements of Code Section 422, including the following limitations: 

  

	 	a)	 The Exercise Price of an Incentive Stock Option shall be not less than one hundred percent (100%) of the Fair
Market Value of a Share on the Grant Date; provided, however, that if on the Grant Date, the Employee (together with persons whose stock ownership is attributed to the Employee pursuant to Section 424(d) of the Code) owns stock possessing more
than 10% of the total combined voting power of all classes of stock of the Company or any of its Subsidiaries, the Exercise Price shall be not less than one hundred and ten percent (110%) of the Fair Market Value of a Share on the Grant Date;

  

	 	b)	 Incentive Stock Options may be granted only to persons who are, as of the Grant Date, Employees of the Company
or a Subsidiary, and may not be granted to Consultants or Nonemployee Directors. 

  

	 	c)	 To the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options
are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and any parent or Subsidiary) exceeds $100,000, such Options shall be treated as Nonqualified Stock Options. For purposes of this
Section 7.4(c), Incentive Stock Options shall be taken into account in the order in which they were granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted; and

  

	 	d)	 In the event of a Participant’s change of status from Employee to Consultant or Director, an Incentive
Stock Option held by the Participant shall cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Nonqualified Stock Option three (3) months and one (1) day following such change of status.

  

	7.5	 Expiration of Options. 

 

	7.5.1	 Expiration Dates. Unless otherwise specified in the Award Agreement, but in any event no later than ten
(10) years from the Grant Date, each Option shall terminate no later than the first to occur of the following events: 

  

	 	a)	 Date in Award Agreement. The date for termination of the Option set forth in the written Award
Agreement; 

  

	 	b)	 Termination of Service. The thirtieth (30th) day following the date the Participant’s Continuous
Service terminates (other than for a reason described in subsections (c), (d), (e), or (f) below); 

  

	 	c)	 Termination for Cause. In the event a Participant’s Continuous Service terminates because the
Participant has committed an act of Cause, as determined by the Administrator, all unexercised Options held by such Participant, whether or not vested, shall expire immediately following written notice from the Company to the Participant;

  

	 	d)	 Disability. In the event that a Participant’s Continuous Service terminates as a result of the
Participant’s Disability, the Participant may exercise his or her Option at any time within twelve (12) months following the date of such termination, but only to the extent that the Participant was entitled to exercise it at the date of
such termination (but in no event later than the expiration of the term of the Option as set forth in the Award Agreement). If, at the date of termination, the Participant is not entitled to exercise his or her entire Option, the Shares covered by
the unexercisable portion of the Option shall revert to the Plan. If, after termination, the Participant does not exercise his or her Option within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall
revert to the Plan; 

	 	e)	 Death. In the event of the death of a Participant, the Participant’s Option may be exercised at any
time within twelve (12) months following the date of death (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement), by the Participant’s estate or by a person who acquired the right to
exercise the Option by bequest or inheritance, but only to the extent that the Participant was entitled to exercise the Option at the date of death. If, at the time of death, the Participant was not entitled to exercise his or her entire Option, the
Shares covered by the unexercisable portion of the Option shall immediately revert to the Plan. If, after death, the Participant’s estate or a person who acquired the right to exercise the Option by bequest or inheritance does not exercise the
Option within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan; or 

  

	 	f)	 Ten Years from Grant. An Option shall expire no more than ten (10) years after the Grant Date;
provided, however, that if an Incentive Stock Option is granted to an Employee who, together with persons whose stock ownership is attributed to the Employee pursuant to Section 424(d) of the Code, owns stock possessing more than ten percent
(10%) of the total combined voting power of all classes of the stock of the Company or any of its Subsidiaries, such Incentive Stock Option may not be exercised after the expiration of five (5) years from the Grant Date. 

 

	7.5.2	 Administrator Discretion. Notwithstanding the foregoing, the Administrator may, after an Option is
granted, extend the exercise period that an Option is exercisable following termination of a Participant’s Continuous Service (subject to limitations applicable to Incentive Stock Options); provided, however that such extension does not exceed
the maximum term of the Option. 

  

	7.6	 Exercise of Options. Options granted under the Plan shall be exercisable at such times and be subject to
such restrictions as set forth in the Award Agreement and conditions as the Administrator shall determine in its discretion. 

  

	7.7	 Exercise and Payment. Options shall be exercised by the Participant’s delivery of a written notice
of exercise to the Secretary of the Company (or its designee), setting forth the number of Shares with respect to which the Option is to be exercised, accompanied by full payment for the Shares. 

 

	7.7.1	 Form of Consideration. Upon the exercise of any Option, the Exercise Price shall be payable to the
Company in full. The Administrator shall determine the methods by which the exercise price of an Option may be paid, the form of payment, and the methods by which Shares shall be delivered or deemed to be delivered to Participants. Unless otherwise
determined by the Administrator at or after the Grant Date, payment of the exercise price of an Option may be made in, in whole or in part, in the form of (i) cash or cash equivalents, (ii) delivery (by either actual delivery or
attestation) of previously-acquired Shares based on the Fair Market Value of the Shares on the date the Option is exercised, (iii) withholding of Shares from the Option based on the Fair Market Value of the Shares on the date the Option is
exercised, (iv) broker-assisted market sales, or (v) by any other means that the Administrator, in its discretion, determines to provide legal consideration for the Shares and to be consistent with the purposes of the Plan.

  

	7.7.2	 Delivery of Shares. As soon as practicable after receipt of a written notification of exercise and full
payment for the Shares purchased, the Company shall deliver Shares to the Participant (or the Participant’s designated broker), which may be in book entry form or certificated form. 

 

	7.8	 No “Re-Pricing” Without Shareholder Approval. Except
as otherwise provided in Section 5.3, without the prior approval of shareholders of the Company: (i) the Exercise Price of an Option may not be reduced, directly or indirectly, (ii) an Option may not be cancelled in exchange for cash,
other Awards, or Options or SARs with an Exercise Price that is less than the Exercise Price of the original Option, or otherwise, and (iii) the Company may not repurchase an Option for value (in cash or otherwise) from a Participant if the
current Fair Market Value of the Shares underlying the Option is lower than the Exercise Price per share of the Option. 

  

	7.9	 No Deferral Feature. No Option shall provide for any feature for the deferral of compensation other than
the deferral of recognition of income until the exercise or disposition of the Option. 

  

	7.10	 No Dividend Equivalents. No Option shall provide for dividend equivalents. 

 SECTION 8 

STOCK APPRECIATION RIGHTS 
  

	8.1	 Grant of SARs. Subject to the terms and provisions of the Plan, SARs may be granted at any time and from
time to time as determined by the Administrator in its discretion. 

  

	8.1.1	 Number of Shares. The Administrator shall have complete discretion to determine the number of SARs
granted to any Participant. 

  

	8.1.2	 Exercise Price and Other Terms. The Administrator, subject to the provisions of the Plan, shall have
discretion to determine the terms and conditions of SARs granted under the Plan, including whether upon exercise the SARs will be settled in Shares or cash. However, other than a SAR issued as a substitute Award pursuant to Section 5.6, the
Exercise Price of a SAR shall be no less than one hundred percent (100%) of the Fair Market Value of a Share on the Grant Date. 

  

	8.2	 Exercise of SARs. SARs granted under the Plan shall be exercisable at such times and be subject to such
restrictions as set forth in the Award Agreement and conditions as the Administrator shall determine in its discretion. 

  

	8.3	 SAR Agreement. Each SAR grant shall be evidenced by an Award Agreement that shall specify the Exercise
Price, the term of the SAR, the conditions of exercise and such other terms and conditions as the Administrator shall determine. 

  

	8.4	 Expiration of SARs. A SAR granted under the Plan shall expire upon the date determined by the
Administrator in its discretion as set forth in the Award Agreement, or otherwise pursuant to the provisions relating to the expiration of Options as set forth in Section 7.5. 

 

	8.5	 Payment of SAR Amount. Upon exercise of a SAR, a Participant shall be entitled to receive from the
Company either (whichever is specified in the Award Agreement) (a) a cash payment in an amount equal to (x) the difference between the Fair Market Value of a Share on the date of exercise and the SAR Exercise Price, multiplied by
(y) the number of Shares with respect to which the SAR is exercised, or (b) a number of Shares determined by dividing such cash amount by the Fair Market Value of a Share on the exercise date. If the Administrator designates in the Award
Agreement that the SAR will be settled in cash, upon Participant’s exercise of the SAR the Company shall make a cash payment to Participant as soon as reasonably practical. 

 

	8.6	 No “Re-Pricing” Without Shareholder Approval. Except
as otherwise provided in Section 5.3, without the prior approval of shareholders of the Company: (i) the Exercise Price of a SAR may not be reduced, directly or indirectly, (ii) a SAR may not be cancelled in exchange for cash, other
Awards, or Options or SARs with an Exercise Price that is less than the Exercise Price of the original SAR, or otherwise, and (iii) the Company may not repurchase a SAR for value (in cash or otherwise) from a Participant if the current Fair
Market Value of the Shares underlying the SAR is lower than the Exercise Price per share of the SAR. 

  

	8.7	 No Deferral Feature. No SAR shall provide for any feature for the deferral of compensation other than
the deferral of recognition of income until the exercise or disposition of the SAR. 

  

	8.8	 No Dividend Equivalents. No SAR shall provide for dividend equivalents. 

SECTION 9 
 RESTRICTED
STOCK OR RESTRICTED STOCK UNITS 
  

	9.1	 Grant of Restricted Stock. Subject to the terms and provisions of the Plan, the Administrator, at any
time and from time to time, may grant Shares of Restricted Stock or Restricted Stock Units to Eligible Participants in such amounts as the Administrator, in its discretion, shall determine, subject to the Full-Value Award Limitation in
Section 5.4. 

  

	9.2	 Award Agreement. An Award of Restricted Stock or Restricted Stock Units shall be evidenced by an Award
Agreement setting forth the terms, conditions, and restrictions applicable to the Award, as the Administrator, in its discretion, shall determine. Unless the Administrator determines otherwise, Shares of Restricted Stock shall be held by the Company
as escrow agent until the restrictions on such Shares have lapsed. 

	9.3	 Transferability. Except as provided in this Section 9, Shares of Restricted Stock or Awards of
Restricted Stock Units may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until expiration of the applicable Period of Restriction. 

 

	9.4	 Other Restrictions. Restricted Stock and Restricted Stock Units shall be subject to such other
restrictions as the Administrator may impose. These restrictions may lapse separately or in combination at such times, under such circumstances, in such installments, upon the satisfaction of performance goals or otherwise, as the Administrator
determines at the time of the grant of the Award or thereafter, subject to Section 5.5. 

  

	9.5	 Legend on Certificates. The Administrator, in its discretion, may place a legend or legends on the
certificates representing Restricted Stock to give appropriate notice of such restrictions. 

  

	9.6	 Removal of Restrictions. Except as otherwise provided in this Section 9, Shares of Restricted Stock
covered by each Restricted Stock grant made under the Plan shall be released from escrow as soon as practicable after expiration of the Period of Restriction. After the restrictions have lapsed, the Participant shall be entitled to have any legend
or legends under Section 9.5 removed from his or her Share certificate, and the Shares shall be freely transferable by the Participant, subject to Applicable Law. 

 

	9.7	 Voting Rights. During the Period of Restriction, Participants holding Shares of Restricted Stock granted
hereunder may exercise full voting rights with respect to those Shares, unless otherwise provided in the Award Agreement. Except as otherwise provided in an Award Agreement, a Participant shall have none of the rights of a shareholder with respect
to Restricted Stock Units until such time as Shares are paid in settlement of such Awards. 

  

	9.8	 Dividends and Other Distributions. Unless otherwise provided by the Administrator in an Award Agreement,
Participants holding Shares of Restricted Stock shall be entitled to receive all dividends and other distributions declared with respect to such Shares during the Period of Restriction; provided, that such dividends and other distributions shall be
accumulated and paid to the Participants at such time as the restrictions applicable to the Shares of Restricted Stock lapse. 

  

	9.9	 Return of Restricted Stock to Company. On the date that any forfeiture event set forth in the Award
Agreement occurs, the Restricted Stock or Restricted Stock Units for which restrictions have not lapsed shall revert to the Company and again shall become available for grant under the Plan. 

SECTION 10 
 PERFORMANCE
AWARDS 
  

	10.1	 Grant of Performance Awards. The Administrator is authorized to grant any Award under this Plan,
including Options, SARs, Restricted Stock, Restricted Stock Units or Other Stock-Based Awards, with performance-based vesting criteria, on such terms and conditions as may be selected by the Administrator. Any such Awards with performance-based
vesting criteria are referred to herein as Performance Awards. The Administrator shall have the complete discretion to determine the number of Performance Awards granted to each Participant, subject to Section 5.4, and to designate the
provisions of such Performance Awards as provided in Section 10.2. All Performance Awards shall be evidenced by an Award Agreement or a written program established by the Administrator, pursuant to which Performance Awards are awarded under the
Plan under uniform terms, conditions and restrictions set forth in such written program. 

  

	10.2	 Performance Goals. The Administrator may establish performance goals for Performance Awards which may be
based on any criteria selected by the Administrator. Such performance goals may be described in terms of Company-wide objectives or in terms of objectives that relate to the performance of the Participant, an Affiliate or a division, region,
department or function within the Company or an Affiliate. The time period during which the performance goals or other vesting provisions must be met will be called the “Performance Period.” If the Administrator determines that a change in
the business, operations, corporate structure or capital structure of the Company or the manner in which the Company or an Affiliate conducts its business, or other events or circumstances render performance goals to be unsuitable, the Administrator
may modify such performance goals in whole or in part, as the Administrator deems appropriate. If a Participant is promoted, demoted or transferred to a different business unit or function during a Performance Period, the Administrator may determine
that the performance goals or Performance Period are no longer appropriate and may (i) adjust, change or eliminate the performance goals or the applicable Performance Period as it deems appropriate to make such goals and period comparable to
the initial goals and period, or (ii) make a cash payment to the Participant in an amount determined by the Administrator. 

 SECTION 11 

OTHER STOCK-BASED AWARDS 
  

	11.1	 Grant of Other Stock-Based Awards. The Administrator is authorized to grant Awards to Participants in
the form of Other Stock-Based Awards, as deemed by the Administrator to be consistent with the purposes of the Plan and as evidenced by an Award Agreement. The Administrator shall determine the terms and conditions of such Awards, consistent with
the terms of the Plan, at the Grant Date or thereafter. Shares or other securities or property delivered pursuant to an Award in the nature of a purchase right granted under this Section 11 shall be purchased for such consideration, paid for at
such times, by such methods, and in such forms, including, without limitation, Shares, other Awards, notes or other property, as the Administrator shall determine, subject to any required corporate action. 

SECTION 12 

MISCELLANEOUS 
  

	12.1	 Change in Control. Unless otherwise provided in the Award Agreement, in the event of a Change in
Control, unless an Award is assumed or substituted by the successor corporation, then (i) all outstanding Options or SARs shall become fully vested and exercisable as of the date of the Change in Control, whether or not otherwise then
exercisable, (ii) all service-based restrictions and conditions on any Award then outstanding shall lapse as of the date of the Change in Control, and (iii) the payout level under all Performance Awards shall be deemed to have been earned
as of the date of the Change in Control based upon an assumed achievement of all relevant performance goals at the “target” level. If an Award is assumed or substituted by the successor corporation, then if within two (2) years after
the effective date of the Change in Control, a Participant’s Continuous Service is terminated without Cause or the Participant resigns for Good Reason, then as of the date of termination (i) all of that Participant’s outstanding
Options and SARs shall become fully vested and exercisable, (ii) all service-based vesting restrictions applicable to his or her outstanding Awards shall lapse, and (iii) the payout level under all of that Participant’s Performance
Awards that were outstanding immediately prior to effective time of the Change in Control shall be determined and deemed to have been earned as of the date of employment termination based upon an assumed achievement of all relevant performance goals
at the “target” level. To the extent that this provision causes Incentive Stock Options to exceed the dollar limitation set forth in Code Section 422(d), the excess Options shall be deemed to be Nonqualified Stock Options.

  

	12.2	 Transfers Upon a Change in Control. In the sole and absolute discretion of the Administrator, an Award
Agreement may provide that in the event of certain Change in Control events, which may include any or all of the Change in Control events described in Section 2.9, Shares obtained pursuant to this Plan shall be subject to certain rights and
obligations, which include but are not limited to the following: (i) the obligation to vote all such Shares in favor of such Change in Control transaction, whether by vote at a meeting of the Company’s shareholders or by written consent of
such shareholders; (ii) the obligation to sell or exchange all such Shares and all rights to acquire Shares, under this Plan pursuant to the terms and conditions of such Change in Control transaction; (iii) the right to transfer less than
all but not all of such Shares pursuant to the terms and conditions of such Change in Control transaction, and (iv) the obligation to execute all documents and take any other action reasonably requested by the Company to facilitate the
consummation of such Change in Control transaction. 

  

	12.3	 Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the
Administrator shall notify each Participant as soon as practicable prior to the effective date of such proposed transaction. Notwithstanding anything to the contrary contained in this Plan or in any Award Agreement, the Participant shall have the
right to exercise his or her Award for a period not less than ten (10) days immediately prior to such dissolution or liquidation as to all of the Shares covered thereby, including Shares as to which the Award would not otherwise be exercisable.

  

	12.4	 No Effect on Employment or Service. Nothing in the Plan shall interfere with or limit in any way the
right of the Company or an Affiliate to terminate any Participant’s employment or service at any time, with or without Cause. Unless otherwise provided by written contract, employment or service with the Company or any of its Affiliates is on
an at-will basis only. Additionally, the Plan shall not confer upon any Director any right with respect to continuation of service as a Director or nomination to serve as a Director, nor shall it interfere in
any way with any rights which such Director or the Company may have to terminate his or her directorship at any time. 

	12.5	 Compensation Recoupment Policy. The Plan and all Awards issued hereunder shall be subject to any
compensation recovery and/or recoupment policy adopted by the Company to comply with Applicable Law, including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act, or to comport with good corporate governance
practices, as such policies may be amended from time to time. 

  

	12.6	 Participation. No Employee, Consultant or Nonemployee Director shall have the right to be selected to
receive an Award under this Plan, or, having been so selected, to be selected to receive a future Award. 

  

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

  

	12.8	 Beneficiary Designations. If permitted by the Administrator, a Participant under the Plan may name a
beneficiary or beneficiaries to whom any vested but unpaid Award shall be paid in the event of the Participant’s death. Each such designation shall revoke all prior designations by the Participant and shall be effective only if given in a form
and manner acceptable to the Administrator. In the absence of any such designation, any vested benefits remaining unpaid at the Participant’s death shall be paid to the Participant’s estate and, subject to the terms of the Plan and of the
applicable Award Agreement, any unexercised vested Award may be exercised by the administrator or executor of the Participant’s estate. 

  

	12.9	 Limited Transferability of Awards. No Award granted under the Plan may be sold, transferred, pledged,
assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. All rights with respect to an Award granted to a Participant shall be available during his or her lifetime only to the Participant.
Notwithstanding the foregoing, the Participant may, in a manner specified by the Administrator, (a) transfer a Nonqualified Stock Option to a Participant’s spouse, former spouse or dependent pursuant to a court-approved domestic relations
order which relates to the provision of child support, alimony payments or marital property rights and (b) transfer a Nonqualified Stock Option by bona fide gift and not for any consideration to (i) a member or members of the
Participant’s immediate family, (ii) a trust established for the exclusive benefit of the Participant and/or member(s) of the Participant’s immediate family, (iii) a partnership, limited liability company of other entity whose
only partners or members are the Participant and/or member(s) of the Participant’s immediate family or (iv) a foundation in which the Participant and/or member(s) of the Participant’s immediate family control the management of the
foundation’s assets. 

  

	12.10	 Restrictions on Share Transferability. The Administrator may impose such restrictions on any Shares
acquired pursuant to the exercise of an Award as it may deem advisable, including, but not limited to, restrictions related to applicable federal securities laws, the requirements of any national securities exchange or system upon which Shares are
then listed or traded or any blue sky or state securities laws. 

  

	12.11	 Legal Compliance. Shares shall not be issued pursuant to the making or exercise of an Award unless the
exercise of Options and rights and the issuance and delivery of Shares shall comply with the Securities Act of 1933, as amended, the 1934 Act and other Applicable Law, and shall be further subject to the approval of counsel for the Company with
respect to such compliance. Any Award or exercise made in violation hereof shall be null and void. 

  

	12.12	 Investment Representations. As a condition to the exercise of an Option or other right, the Company may
require the person exercising such Option or right to represent and warrant at the time of exercise that the Shares are being acquired only for investment and without any present intention to sell or distribute such Shares if, in the opinion of
counsel for the Company, such a representation is required. 

 SECTION 13 

SPECIAL PROVISIONS RELATED TO SECTION 409A OF THE CODE 
  

	13.1	 General. It is intended that the payments and benefits provided under the Plan and any Award shall
either be exempt from the application of, or comply with, the requirements of Section 409A of the Code. The Plan and all Award Agreements shall be construed in a manner that effects such intent. Nevertheless, the tax treatment of the benefits
provided under the Plan or any Award is not warranted or guaranteed. Neither the Company, its Affiliates nor their respective directors, officers, employees or advisers (other than in his or her capacity as a Participant) shall be held liable for
any taxes, interest, penalties or other monetary amounts owed by any Participant or other taxpayer as a result of the Plan or any Award. 

	13.2	 Definitional Restrictions. Notwithstanding anything in the Plan or in any Award Agreement to the
contrary, to the extent that any amount or benefit that would constitute non-exempt “deferred compensation” for purposes of Section 409A of the Code
(“Non-Exempt Deferred Compensation”) would otherwise be payable or distributable, or a different form of payment (e.g., lump sum or installment) of such
Non-Exempt Deferred Compensation would be effected, under the Plan or any Award Agreement by reason of the occurrence of a Change in Control, or the Participant’s Disability or separation from service,
such Non-Exempt Deferred Compensation will not be payable or distributable to the Participant, and/or such different form of payment will not be effected, by reason of such circumstance unless the
circumstances giving rise to such Change in Control, Disability or separation from service meet any description or definition of “change in control event”, “disability” or “separation from service”, as the case may be,
in Section 409A of the Code and applicable regulations (without giving effect to any elective provisions that may be available under such definition). This provision does not affect the dollar amount or prohibit the vesting of any Award upon a
Change in Control, Disability or separation from service, however defined. If this provision prevents the payment or distribution of any amount or benefit, or the application of a different form of payment of any amount or benefit, such payment or
distribution shall be made at the time and in the form that would have otherwise applied absent the non-409A-conforming event. 

 

	13.3	 Allocation among Possible Exemptions. If any one or more Awards granted under the Plan to a Participant
could qualify for any separation pay exemption described in Treasury Regulations Section 1.409A-1(b)(9), but such Awards in the aggregate exceed the dollar limit permitted for the separation pay
exemptions, the Company (acting through the Administrator or the General Counsel) shall determine which Awards or portions thereof will be subject to such exemptions. 

 

	13.4	 Six-Month Delay in Certain Circumstances. Notwithstanding
anything in the Plan or in any Award Agreement to the contrary, if any amount or benefit that would constitute Non-Exempt Deferred Compensation would otherwise be payable or distributable under this Plan or
any Award Agreement by reason of a Participant’s separation from service during a period in which the Participant is a Specified Employee (as defined below), then, subject to any permissible acceleration of payment by the Administrator under
Treasury Regulations Section 1.409A-3(j)(4)(ii) (domestic relations order), (j)(4)(iii) (conflicts of interest), or (j)(4)(vi) (payment of employment taxes): (i) the amount of such Non-Exempt Deferred Compensation that would otherwise be payable during the six-month period immediately following the Participant’s separation from service will be
accumulated through and paid or provided on the first day of the seventh month following the Participant’s separation from service (or, if the Participant dies during such period, within 30 days after the Participant’s death) (in either
case, the “Required Delay Period”); and (ii) the normal payment or distribution schedule for any remaining payments or distributions will resume at the end of the Required Delay Period. For purposes of this Plan, the term
“Specified Employee” has the meaning given such term in Code Section 409A and the final regulations thereunder; provided, however, that, as permitted in such final regulations, the Company’s Specified Employees and its
application of the six-month delay rule of Code Section 409A(a)(2)(B)(i) shall be determined in accordance with rules adopted by the Board or any committee of the Board, which shall be applied
consistently with respect to all nonqualified deferred compensation arrangements of the Company, including this Plan. 

  

	13.5	 Installment Payments. If, pursuant to an Award, a Participant is entitled to a series of installment
payments, such Participant’s right to the series of installment payments shall be treated as a right to a series of separate payments and not to a single payment. For purposes of the preceding sentence, the term “series of installment
payments” has the meaning provided in Treasury Regulations Section 1.409A-2(b)(2)(iii) (or any successor thereto). 

 

	13.6	 Timing of Release of Claims. Whenever an Award conditions a payment or benefit on the Participant’s
execution and non-revocation of a release of claims, such release must be executed and all revocation periods shall have expired within 60 days after the date of termination of the Participant’s
employment, failing which such payment or benefit shall be forfeited. If such payment or benefit is exempt from Section 409A of the Code, the Company may elect to make or commence payment at any time during such
60-day period. If such payment or benefit constitutes Non-Exempt Deferred Compensation, then, subject to Section 13.4, (i) if such
60-day period begins and ends in a single calendar year, the Company may make or commence payment at any time during such period at its discretion, and (ii) if such
60-day period begins in one calendar year and ends in the next calendar year, the payment shall be made or commence during the second such calendar year (or any later date specified for such payment under the
applicable Award), even if such signing and non-revocation of the release occur during the first such calendar year included within such 60-day period. In other words, a
Participant is not permitted to influence the calendar year of payment based on the timing of signing the release. 

	13.7	 Permitted Acceleration. The Company shall have the sole authority to make any accelerated distribution
permissible under Treasury Regulations section 1.409A-3(j)(4) to Participants of deferred amounts, provided that such distribution(s) meets the requirements of Treasury Regulations section 1.409A-3(j)(4). 

  

	13.8	 Timing of Distribution of Dividend Equivalents. Unless otherwise provided in the applicable Award
Agreement, any dividend equivalents granted with respect to an Award hereunder (other than Options or SARs, which shall have no dividend equivalents) will be paid or distributed no later than the 15th day of the 3rd month following the later of
(i) the calendar year in which the corresponding dividends were paid to shareholders, or (ii) the first calendar year in which the Participant’s right to such dividends equivalents is no longer subject to a substantial risk of
forfeiture. In addition, notwithstanding anything to the contrary in the Plan, in no event shall dividends or dividend equivalents payable in connection with an Award granted under the Plan be paid earlier than at the time that the Award or
applicable portion thereof becomes vested in accordance with the applicable Award Agreement. 

 SECTION 14 

AMENDMENT, SUSPENSION, AND TERMINATION 
  

	14.1	 Amendment, Suspension, or Termination. Except as provided in Section 14.2, the Board, in its sole
discretion, may amend, suspend or terminate the Plan, or any part thereof, at any time and for any reason. The amendment, suspension or termination of the Plan shall not, without the consent of the Participant, materially adversely alter or impair
any rights or obligations under any Award theretofore granted to such Participant. No Award may be granted during any period of suspension or after termination of the Plan. 

 

	14.2	 No Amendment without Shareholder Approval. The Company shall obtain shareholder approval of any material
Plan amendment (including but not limited to any provision to reduce the exercise or purchase price of any outstanding Options or other Awards after the Grant Date (other than for adjustments made pursuant Section 5.3), or to cancel and re-grant Options or other rights at a lower exercise price), to the extent necessary or desirable to comply with Applicable Law. 

SECTION 15 
 TAX
WITHHOLDING 
  

	15.1	 Withholding Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or exercise
thereof), the Company shall have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, and local taxes (including the Participant’s FICA obligation)
required to be withheld with respect to such Award (or exercise thereof). 

  

	15.2	 Withholding Arrangements. The Administrator, in its discretion and pursuant to such procedures as it may
specify from time to time, may permit a Participant to satisfy such tax withholding obligation, in whole or in part by (a) electing to have the Company withhold otherwise deliverable Shares or (b) delivering to the Company already-owned
Shares having a Fair Market Value equal to the applicable withholding amount. The amount of the withholding requirement shall be deemed to include any amount which the Administrator agrees may be withheld at the time the election is made; provided,
however, in the case Shares are withheld by the Company to satisfy the tax withholding that would otherwise be issued to the Participant, the amount of such tax withholding shall be determined by applying the relevant federal, state or local
withholding tax rates applicable to the Participant with respect to the Award on the date that the amount of tax to be withheld is to be determined. The Fair Market Value of the Shares to be withheld or delivered shall be determined as of the date
taxes are required to be withheld. 

 SECTION 16 

LEGAL CONSTRUCTION 
  

	16.1	 Liability of Company. The inability of the Company to obtain authority from any regulatory body having
jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful grant or any Award or the issuance and sale of any Shares hereunder, shall relieve the Company, its officers, Directors and Employees of any
liability in respect of the failure to grant such Award or to issue or sell such Shares as to which such requisite authority shall not have been obtained. 

	16.2	 Grants Exceeding Allotted Shares. If the Shares covered by an Award exceed, as of the date of grant, the
number of Shares, which may be issued under the Plan without additional shareholder approval, such Award shall be void with respect to such excess Shares, unless shareholder approval of an amendment sufficiently increasing the number of Shares
subject to the Plan is timely obtained. 

  

	16.3	 Gender and Number. Except where otherwise indicated by the context, any masculine term used herein also
shall include the feminine; the plural shall include the singular and the singular shall include the plural. 

  

	16.4	 Severability. In the event any provision of the Plan shall be held illegal or invalid for any reason,
the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 

 

	16.5	 Requirements of Law. The granting of Awards and the issuance of Shares under the Plan shall be subject
to all Applicable Law and to such approvals by any governmental agencies or national securities exchanges as may be required. 

  

	16.6	 Governing Law. The Plan and all Award Agreements shall be construed in accordance with and governed by
the laws of the State of Michigan, without giving effect to principles of conflicts of law of such state. 

  

	16.7	 Captions. Captions are provided herein for convenience only, and shall not serve as a basis for
interpretation or construction of the Plan. 

  

	16.8	 Plan Document Controls. All awards granted pursuant to the Plan, including the Original Plan and the
Amended and Restated Plan, shall be subject to the terms and conditions of the Plan as amended and restated herein. The Plan and each Award Agreement constitute the entire agreement with respect to the subject matter hereof and thereof; provided
that in the event of any inconsistency between the Plan and such Award Agreement, the terms and conditions of the Plan shall control.

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