Document:

Exhibit
10.12

 

Inventergy
Global, Inc.

 

2014
Stock Plan

 

 

    	 

    	 

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	SECTION 1.	ESTABLISHMENT AND PURPOSE	1
	 	 	 
	SECTION 2.	ADMINISTRATION	1
	(a)	Committees of the Board of Directors	1
	(b)	Authority of the Board of Directors	1
	 	 	 
	SECTION 3.	ELIGIBILITY	1
	(a)	General Rule	1
	(b)	Ten-Percent Stockholders	2
	 	 	 
	SECTION 4.	STOCK SUBJECT TO PLAN	2
	(a)	Basic Limitation	2
	(b)	Additional Shares	2
	 	 	 
	SECTION 5.	TERMS AND CONDITIONS OF AWARDS OR SALES	2
	(a)	Stock Grant or Purchase Agreement	2
	(b)	Duration of Offers and Nontransferability of Rights	2
	(c)	Purchase Price	2
	 	 	 
	SECTION 6.	TERMS AND CONDITIONS OF OPTIONS	3
	(a)	Stock Option Agreement	3
	(b)	Number of Shares	3
	(c)	Exercise Price	3
	(d)	Exercisability	3
	(e)	Basic Term	3
	(f)	Termination of Service (Except by Death)	3
	(g)	Leaves of Absence	4
	(h)	Death of Optionee	4
	(i)	Restrictions on Transfer of Options	4
	(j)	No Rights as a Stockholder	5
	(k)	Modification, Extension and Assumption of Options	5
	(l)	Company’s Right to Cancel Certain Options	5
	 	 	 
	SECTION 7.	PAYMENT FOR SHARES	5
	(a)	General Rule	5
	(b)	Services Rendered	5
	(c)	Promissory Note	5
	(d)	Surrender of Stock	5
	(e)	Exercise/Sale	6
	(f)	Net Exercise	6
	(g)	Other Forms of Payment	6
	 	 	 
	SECTION 8.	ADJUSTMENT OF SHARES	6
	(a)	General	6
	(b)	Corporate Transactions	6
	(c)	Reservation of Rights	7
	 	 	 
	SECTION 9.	MISCELLANEOUS PROVISIONS	8
	(a)	Securities Law Requirements	8
	(b)	No Retention Rights	8
	(c)	Treatment as Compensation	8

 

    	 

    	 

    

 

	(d)	Governing Law	8
	(e)	Conditions and Restrictions on Shares	8
	(f)	Tax Matters	8
	 	 	 
	SECTION 10.	DURATION AND AMENDMENTS; STOCKHOLDER APPROVAL	9
	(a)	Term of the Plan	9
	(b)	Right to Amend or Terminate the Plan	9
	(c)	Effect of Amendment or Termination	9
	(d)	Stockholder Approval	9
	 	 	 
	SECTION 11.	DEFINITIONS	10

 

 

    	 

    	 

    

 

Inventergy
Global, Inc. 2014 Stock Plan

 

SECTION 1.          ESTABLISHMENT
AND PURPOSE.

 

The purpose of this Plan
is to offer persons selected by the Company an opportunity to acquire a proprietary interest in the success of the Company, or
to increase such interest, by acquiring Shares of the Company’s Stock. The Plan provides both for the direct award or sale
of Shares and for the grant of Options to purchase Shares. Options granted under the Plan may be ISOs intended to qualify under
Code Section 422 or NSOs which are not intended to so qualify.

 

Capitalized terms are
defined in Section 11.

 

SECTION 2.          ADMINISTRATION.

 

(a)          Committees
of the Board of Directors. The Plan may be administered by one or more Committees. Each Committee shall consist, as required
by applicable law, of one or more members of the Board of Directors who have been appointed by the Board of Directors. Each Committee
shall have such authority and be responsible for such functions as the Board of Directors has assigned to it. If no Committee has
been appointed, the entire Board of Directors shall administer the Plan. Any reference to the Board of Directors in the Plan shall
be construed as a reference to the Committee (if any) to whom the Board of Directors has assigned a particular function.

 

(b)          Authority
of the Board of Directors. Subject to the provisions of the Plan, the Board of Directors shall have full authority and discretion
to take any actions it deems necessary or advisable for the administration of the Plan. Notwithstanding anything to the contrary
in the Plan, with respect to the terms and conditions of awards granted to Participants outside the United States, the Board of
Directors may vary from the provisions of the Plan to the extent it determines it necessary and appropriate to do so; provided
that it may not vary from those Plan terms requiring stockholder approval pursuant to Section 10(d) below. All decisions, interpretations
and other actions of the Board of Directors shall be final and binding on all Purchasers, all Optionees and all persons deriving
their rights from a Purchaser or Optionee.

 

SECTION 3.          ELIGIBILITY.

 

(a)          General
Rule. Only Employees, Outside Directors and Consultants shall be eligible for the grant of NSOs or the direct award or sale
of Shares.11 Only Employees shall
be eligible for the grant of ISOs.

 

 

1 Note that special considerations apply if the Company
proposes to grant awards to an Employee or Consultant of a Parent company.

  

    	1

    	 

    

 

(b)          Ten-Percent
Stockholders. A person who owns more than 10% of the total combined voting power of all classes of outstanding stock of the
Company, its Parent or any of its Subsidiaries shall not be eligible for the grant of an ISO unless (i) the Exercise Price
is at least 110% of the Fair Market Value of a Share on the Date of Grant and (ii) such ISO by its terms is not exercisable
after the expiration of five years from the Date of Grant. For purposes of this Subsection (b), in determining stock ownership,
the attribution rules of Code Section 424(d) shall be applied.

 

SECTION 4.          STOCK
SUBJECT TO PLAN.

 

(a)          Basic
Limitation. Not more than seven million two hundred ten thousand, eight hundred ninety (7,210,890) Shares may be issued
under the Plan, subject to Subsection (b) below and Section 8(a).2 All
of these Shares may be issued upon the exercise of ISOs. The number of Shares that are subject to Options or other rights outstanding
at any time under the Plan may not exceed the number of Shares that then remain available for issuance under the Plan. The Company,
during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the
Plan. Shares offered under the Plan may be authorized but unissued Shares or treasury Shares.

 

(b)          Additional
Shares. In the event that Shares previously issued under the Plan are reacquired by the Company, such Shares shall be added
to the number of Shares then available for issuance under the Plan. In the event that Shares that otherwise would have been issuable
under the Plan are withheld by the Company in payment of the Purchase Price, Exercise Price or withholding taxes, such Shares shall
remain available for issuance under the Plan. In the event that an outstanding Option or other right for any reason expires or
is canceled, the Shares allocable to the unexercised portion of such Option or other right shall be added to the number of Shares
then available for issuance under the Plan.

 

SECTION 5.          TERMS
AND CONDITIONS OF AWARDS OR SALES.

 

(a)          Stock
Grant or Purchase Agreement. Each award of Shares under the Plan shall be evidenced by a Stock Grant Agreement between the
Grantee and the Company. Each sale of Shares under the Plan (other than upon exercise of an Option) shall be evidenced by a Stock
Purchase Agreement between the Purchaser and the Company. Such award or sale shall be subject to all applicable terms and conditions
of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Board of
Directors deems appropriate for inclusion in a Stock Grant Agreement or Stock Purchase Agreement. The provisions of the various
Stock Grant Agreements and Stock Purchase Agreements entered into under the Plan need not be identical. An award of Shares may
be subject to restrictions, including a vesting schedule for the release of forfeiture or equivalent conditions regarding the release
of any portion of such Shares.

 

(b)          Duration
of Offers and Nontransferability of Rights. Any right to purchase Shares under the Plan (other than an Option) shall automatically
expire if not exercised by the Purchaser within 30 days (or such other period as may be specified in the Award Agreement) after
the grant of such right was communicated to the Purchaser by the Company. Such right is not transferable and may be exercised only
by the Purchaser to whom such right was granted.

    

(c)          Purchase
Price. The Board of Directors shall determine the Purchase Price of Shares to be offered under the Plan at its sole discretion.
The Purchase Price shall be payable in a form described in Section 7.

 

 

2 Please refer to Exhibit A for a schedule of
the initial share reserve and any subsequent increases in the reserve.

 

    	2

    	 

    

 

SECTION 6.          TERMS
AND CONDITIONS OF OPTIONS.

 

(a)          Stock
Option Agreement. Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee
and the Company. The Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other
terms and conditions that are not inconsistent with the Plan and that the Board of Directors deems appropriate for inclusion in
a Stock Option Agreement. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical.

 

(b)          Number
of Shares. Each Stock Option Agreement shall specify the number of Shares that are subject to the Option and shall provide
for the adjustment of such number in accordance with Section 8. The Stock Option Agreement shall also specify whether the
Option is an ISO or an NSO. However, neither the Company nor the Board shall have any liability to any Participant,
or to any other party, if an Option (or any portion thereof) that is intended to be an ISO is determined not to be an ISO
(including, without limitation, due to a determination that the exercise price per Share of the Option was less than the Fair Market
Value per Share of the Shares subject to the Option as of the Grant Date).

 

(c)          Exercise
Price. Each Stock Option Agreement shall specify the Exercise Price. The Exercise Price of an Option shall not be less
than 100% of the Fair Market Value of a Share on the Date of Grant, and in the case of an ISO a higher percentage may be required
by Section 3(b). Subject to the preceding sentence, the Exercise Price shall be determined by the Board of Directors at its
sole discretion. The Exercise Price shall be payable in a form described in Section 7. This Subsection (c) shall not
apply to an Option granted pursuant to an assumption of, or substitution for, another option in a manner that complies with Code
Section 424(a) (whether or not the Option is an ISO).

 

(d)          Exercisability. Each
Stock Option Agreement shall specify the date when all or any installment of the Option is to become exercisable. No Option shall
be exercisable unless the Optionee (i) has delivered an executed copy of the Stock Option Agreement to the Company or (ii) otherwise
agrees to be bound by the terms of the Stock Option Agreement. The Board of Directors shall determine the exercisability provisions
of the Stock Option Agreement at its sole discretion.

 

(e)          Basic
Term. The Stock Option Agreement shall specify the term of the Option. The term shall not exceed 10 years from the Date
of Grant, and in the case of an ISO, a shorter term may be required by Section 3(b). Subject to the preceding sentence, the
Board of Directors at its sole discretion shall determine when an Option is to expire.

  

(f)          Termination
of Service (Except by Death). If an Optionee’s Service terminates for any reason other than the Optionee’s
death, then the Optionee’s Options shall expire on the earliest of the following dates:

 

(i)          The
expiration date determined pursuant to Subsection (e) above;

 

(ii)         The
date three months after the termination of the Optionee’s Service for any reason other than Disability, or such earlier or
later date as the Board of Directors may determine (but in no event earlier than 30 days after the termination of the Optionee’s
Service); or

 

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(iii)        The
date six months after the termination of the Optionee’s Service by reason of Disability, or such later date as the Board
of Directors may determine.

 

The Optionee may exercise all or part of
the Optionee’s Options at any time before the expiration of such Options under the preceding sentence, but only to the extent
that such Options had become exercisable before the Optionee’s Service terminated (or became exercisable as a result of the
termination) and the underlying Shares had vested before the Optionee’s Service terminated (or vested as a result of the
termination). The balance of such Options shall lapse when the Optionee’s Service terminates. In the event that the Optionee
dies after the termination of the Optionee’s Service but before the expiration of the Optionee’s Options, all or part
of such Options may be exercised (prior to expiration) by the executors or administrators of the Optionee’s estate or by
any person who has acquired such Options directly from the Optionee by beneficiary designation, bequest or inheritance, but only
to the extent that such Options had become exercisable before the Optionee’s Service terminated (or became exercisable as
a result of the termination) and the underlying Shares had vested before the Optionee’s Service terminated (or vested as
a result of the termination).

 

(g)          Leaves
of Absence. For purposes of Subsection (f) above, Service shall be deemed to continue while the Optionee is on a
bona fide leave of absence, if such leave was approved by the Company in writing and if continued crediting of Service for this
purpose is expressly required by the terms of such leave or by applicable law (as determined by the Company).

 

(h)          Death
of Optionee. If an Optionee dies while the Optionee is in Service, then the Optionee’s Options shall expire on the
earlier of the following dates:

 

(i)          The
expiration date determined pursuant to Subsection (e) above; or

 

(ii)         The
date 12 months after the Optionee’s death, or such earlier or later date as the Board of Directors may determine (but in
no event earlier than six months after the Optionee’s death).

  

All or part of the Optionee’s Options
may be exercised at any time before the expiration of such Options under the preceding sentence by the executors or administrators
of the Optionee’s estate or by any person who has acquired such Options directly from the Optionee by beneficiary designation,
bequest or inheritance, but only to the extent that such Options had become exercisable before the Optionee’s death (or became
exercisable as a result of the death) and the underlying Shares had vested before the Optionee’s death (or vested as a result
of the Optionee’s death). The balance of such Options shall lapse when the Optionee dies.

 

(i)          Restrictions
on Transfer of Options. An Option shall be transferable by the Optionee only by (i) a beneficiary designation, (ii) a
will or (iii) the laws of descent and distribution, except as provided in the next sentence. If the applicable Stock Option
Agreement so provides, an NSO shall also be transferable by gift or domestic relations order to a Family Member of the Optionee.
An ISO may be exercised during the lifetime of the Optionee only by the Optionee or by the Optionee’s guardian or legal representative.

 

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(j)          No
Rights as a Stockholder. An Optionee, or a transferee of an Optionee, shall have no rights as a stockholder with respect to
any Shares covered by the Optionee’s Option until such person files a notice of exercise, pays the Exercise Price and satisfies
all applicable withholding taxes pursuant to the terms of such Option.

 

(k)          Modification,
Extension and Assumption of Options. Within the limitations of the Plan, the Board of Directors may modify, extend or assume
outstanding Options or may accept the cancellation of outstanding Options (whether granted by the Company or another issuer) in
return for the grant of new Options or a different type of award for the same or a different number of Shares and at the same or
a different Exercise Price (if applicable). The foregoing notwithstanding, no modification of an Option shall, without the consent
of the Optionee, impair the Optionee’s rights or increase the Optionee’s obligations under such Option.

 

(l)          Company’s
Right to Cancel Certain Options. Any other provision of the Plan or a Stock Option Agreement notwithstanding, the Company shall
have the right at any time to cancel an Option that was not granted in compliance with Rule 701 under the Securities Act.
Prior to canceling such Option, the Company shall give the Optionee not less than 30 days’ notice in writing. If the Company
elects to cancel such Option, it shall deliver to the Optionee consideration with an aggregate Fair Market Value equal to the excess
of (i) the Fair Market Value of the Shares subject to such Option as of the time of the cancellation over (ii) the Exercise
Price of such Option. The consideration may be delivered in the form of cash or cash equivalents, in the form of Shares, or a combination
of both. If the consideration would be a negative amount, such Option may be cancelled without the delivery of any consideration.

 

SECTION 7.          PAYMENT
FOR SHARES.

 

(a)          General
Rule. The entire Purchase Price or Exercise Price of Shares issued under the Plan shall be payable in cash or cash equivalents
at the time when such Shares are purchased, except as otherwise provided in this Section 7. In addition, the Board of Directors
in its sole discretion may also permit payment through any of the methods described in (b) through (g) below.

 

(b)          Services
Rendered. Shares may be awarded under the Plan in consideration of services rendered to the Company, a Parent or a Subsidiary
prior to the award.

  

(c)          Promissory
Note. All or a portion of the Purchase Price or Exercise Price (as the case may be) of Shares issued under the Plan may be
paid with a full-recourse promissory note. The Shares shall be pledged as security for payment of the principal amount of the promissory
note and interest thereon. The interest rate payable under the terms of the promissory note shall not be less than the minimum
rate (if any) required to avoid the imputation of additional interest under the Code. Subject to the foregoing, the Board of Directors
(at its sole discretion) shall specify the term, interest rate, amortization requirements (if any) and other provisions of such
note.

 

(d)          Surrender
of Stock. All or any part of the Exercise Price may be paid by surrendering, or attesting to the ownership of, Shares that
are already owned by the Optionee. Such Shares shall be surrendered to the Company in good form for transfer and shall be valued
at their Fair Market Value as of the date when the Option is exercised.

 

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(e)          Exercise/Sale.
If the Stock is publicly traded, all or part of the Exercise Price and any withholding taxes may be paid by the delivery (on a
form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell Shares and to
deliver all or part of the sales proceeds to the Company.

 

(f)          Net
Exercise.  An Option may permit exercise through a “net exercise” arrangement pursuant to which the Company
will reduce the number of Shares issued upon exercise by the largest whole number of Shares having an aggregate Fair Market Value
(determined by the Board of Directors as of the exercise date) that does not exceed the aggregate Exercise Price or the sum of
the aggregate Exercise Price plus all or a portion of the minimum amount required to be withheld under applicable tax law (with
the Company accepting from the Optionee payment of cash or cash equivalents to satisfy any remaining balance of the aggregate Exercise
Price and, if applicable, any additional withholding obligation not satisfied through such reduction in Shares); provided that
to the extent Shares subject to an Option are withheld in this manner, the number of Shares subject to the Option following the
net exercise will be reduced by the sum of the number of Shares withheld and the number of Shares delivered to the Optionee as
a result of the exercise.

 

(g)          Other
Forms of Payment. To the extent that an Award Agreement so provides, the Purchase Price or Exercise Price of Shares issued
under the Plan may be paid in any other form permitted by the Delaware General Corporation Law, as amended.

 

SECTION 8.          ADJUSTMENT
OF SHARES.

 

(a)          General.
In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in Shares, a combination or consolidation
of the outstanding Stock into a lesser number of Shares, a reclassification, or any other increase or decrease in the number of
issued shares of Stock effected without receipt of consideration by the Company, proportionate adjustments shall automatically
be made in each of (i) the number and kind of Shares available for future grants under Section 4, (ii) the number
and kind of Shares covered by each outstanding Option and any outstanding and unexercised right to purchase Shares that has not
yet expired pursuant to Section 5(b), (iii) the Exercise Price under each outstanding Option and the Purchase Price applicable
to any unexercised stock purchase right described in clause (ii) above, and (iv) any repurchase price that applies to Shares granted
under the Plan pursuant to the terms of a Company repurchase right under the applicable Award Agreement. In the event of a declaration
of an extraordinary dividend payable in a form other than Shares in an amount that has a material effect on the Fair Market Value
of the Stock, a recapitalization, a spin-off, or a similar occurrence, the Board of Directors at its sole discretion may make appropriate
adjustments in one or more of the items listed in clauses (i) through (iv) above; provided, however, that the Board of Directors
shall in any event make such adjustments as may be required by Section 25102(o) of the California Corporations Code. No fractional
Shares shall be issued under the Plan as a result of an adjustment under this Section 8(a), although the Board of Directors in
its sole discretion may make a cash payment in lieu of fractional Shares.

  

(b)          Corporate
Transactions. In the event that the Company is a party to a merger or consolidation, or in the event of a sale of all or substantially
all of the Company’s stock or assets, all Shares acquired under the Plan and all Options and other Plan awards outstanding
on the effective date of the transaction shall be treated in the manner described in the definitive transaction agreement (or,
in the event the transaction does not entail a definitive agreement to which the Company is party, in the manner determined by
the Board of Directors in its capacity as administrator of the Plan, with such determination having final and binding effect on
all parties), which agreement or determination need not treat all Options and awards (or all portions of an Option or an award)
in an identical manner. The treatment specified in the transaction agreement or as determined by the Board of Directors may include
(without limitation) one or more of the following with respect to each outstanding Option or award:

 

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(i)          Continuation
of the Option or award by the Company (if the Company is the surviving corporation).

 

(ii)         Assumption
of the Option by the surviving corporation or its parent in a manner that complies with Code Section 424(a) (whether or not
the Option is an ISO).

 

(iii)        Substitution
by the surviving corporation or its parent of a new option for the Option in a manner that complies with Code Section 424(a)
(whether or not the Option is an ISO).

 

(iv)        Cancellation
of the Option and a payment to the Optionee with respect to each Share subject to the portion of the Option that is vested as of
the transaction date equal to the excess of (A) the value, as determined by the Board of Directors in its absolute discretion,
of the property (including cash) received by the holder of a share of Stock as a result of the transaction, over (B) the per-Share
Exercise Price of the Option (such excess, the “Spread”).  Such payment shall be made in the form of cash,
cash equivalents, or securities of the surviving corporation or its parent having a value equal to the Spread.  In addition,
any escrow, holdback, earn-out or similar provisions in the transaction agreement may apply to such payment to the same extent
and in the same manner as such provisions apply to the holders of Stock. If the Spread applicable to an Option is zero or
a negative number, then the Option may be cancelled without making a payment to the Optionee.

  

(v)         Cancellation
of the Option without the payment of any consideration; provided that the Optionee shall be notified of such treatment and given
an opportunity to exercise the Option (to the extent the Option is vested or becomes vested as of the effective date of the transaction)
during a period of not less than five (5) business days preceding the effective date of the transaction, unless (A) a shorter period
is required to permit a timely closing of the transaction and (B) such shorter period still offers the Optionee a reasonable opportunity
to exercise the Option. Any exercise of the Option during such period may be contingent upon the closing of the transaction.

 

(vi)        Suspension
of the Optionee’s right to exercise the Option during a limited period of time preceding the closing of the transaction if
such suspension is administratively necessary to permit the closing of the transaction.

 

(vii)       Termination
of any right the Optionee has to exercise the Option prior to vesting in the Shares subject to the Option (i.e., “early exercise”),
such that following the closing of the transaction the Option may only be exercised to the extent it is vested.

 

For the avoidance of doubt, the Board of
Directors has discretion to accelerate, in whole or part, the vesting and exercisability of an Option or other Plan award in connection
with a corporate transaction covered by this Section 8(b).

 

(c)          Reservation
of Rights. Except as provided in this Section 8, a Participant shall have no rights by reason of (i) any subdivision
or consolidation of shares of stock of any class, (ii) the payment of any dividend or (iii) any other increase or decrease
in the number of shares of stock of any class. Any issuance by the Company of shares of stock of any class, or securities convertible
into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number
or Exercise Price of Shares subject to an Option. The grant of an Option pursuant to the Plan shall not affect in any way the right
or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure,
to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets.

 

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SECTION 9.          MISCELLANEOUS
PROVISIONS.

 

(a)          Securities
Law Requirements. Shares shall not be issued under the Plan unless, in the opinion of counsel acceptable to the Board of Directors,
the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without
limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the
regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Company
shall not be liable for a failure to issue Shares as a result of such requirements.

 

(b)          No
Retention Rights. Nothing in the Plan or in any right or Option granted under the Plan shall confer upon the Participant any
right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights
of the Company (or any Parent or Subsidiary employing or retaining the Participant) or of the Participant, which rights are hereby
expressly reserved by each, to terminate his or her Service at any time and for any reason, with or without cause.

  

(c)          Treatment
as Compensation. Any compensation that an individual earns or is deemed to earn under this Plan shall not be considered a part
of his or her compensation for purposes of calculating contributions, accruals or benefits under any other plan or program that
is maintained or funded by the Company, a Parent or a Subsidiary.

 

(d)          Governing
Law. The Plan and all awards, sales and grants under the Plan shall be governed by, and construed in accordance with, the laws
of the State of Delaware, as such laws are applied to contracts entered into and performed in such State.

 

(e)          Conditions
and Restrictions on Shares. Shares issued under the Plan shall be subject to such forfeiture conditions, rights of repurchase,
rights of first refusal, other transfer restrictions and such other terms and conditions as the Board of Directors may determine.
Such conditions and restrictions shall be set forth in the applicable Award Agreement and shall apply in addition to any restrictions
that may apply to holders of Shares generally. In addition, Shares issued under the Plan shall be subject to conditions and restrictions
imposed either by applicable law or by Company policy, as adopted from time to time, designed to ensure compliance with applicable
law or laws with which the Company determines in its sole discretion to comply including in order to maintain any statutory, regulatory
or tax advantage.

 

(f)          Tax
Matters.

 

(i)          As
a condition to the award, grant, issuance, vesting, purchase, exercise or transfer of any award, or Shares issued pursuant to any
award, granted under this Plan, the Participant shall make such arrangements as the Board of Directors may require or permit for
the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such event.

 

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(ii)         Unless otherwise
expressly set forth in an Award Agreement, it is intended that awards granted under the Plan shall be exempt from Code Section
409A, and any ambiguity in the terms of an Award Agreement and the Plan shall be interpreted consistently with this intent. To
the extent an award is not exempt from Code Section 409A (any such award, a “409A Award”), any ambiguity in
the terms of such award and the Plan shall be interpreted in a manner that to the maximum extent permissible supports the award’s
compliance with the requirements of that statute. Notwithstanding anything to the contrary permitted under the Plan, in no event
shall a modification of an Award not already subject to Code Section 409A be given effect if such modification would cause the
Award to become subject to Code Section 409A unless the parties explicitly acknowledge and consent to the modification as one having
that effect. A 409A Award shall be subject to such additional rules and requirements as specified by the Board of Directors from
time to time in order for it to comply with the requirements of Code Section 409A. In this regard, if any amount under a 409A Award
is payable upon a “separation from service” to an individual who is considered a “specified employee” (as
each term is defined under Code Section 409A), then no such payment shall be made prior to the date that is the earlier of (i)
six months and one day after the Participant’s separation from service or (ii) the Participant’s death, but only to
the extent such delay is necessary to prevent such payment from being subject to Section 409A(a)(1). In addition, if a transaction
subject to Section 8(b) constitutes a payment event with respect to any 409A Award, then the transaction with respect to such award
must also constitute a “change in control event” as defined in Treasury Regulation Section 1.409A-3(i)(5) to the extent
required by Code Section 409A.

  

(iii)        Neither
the Company nor any member of the Board of Directors shall have any liability to a Participant in the event an award held by the
Participant fails to achieve its intended characterization under applicable tax law.

 

SECTION 10.         DURATION
AND AMENDMENTS; STOCKHOLDER APPROVAL.

 

(a)          Term
of the Plan. The Plan, as set forth herein, shall become effective on the date of its adoption by the Board of Directors, subject
to approval of the Company’s stockholders under Subsection (d) below. The Plan shall terminate automatically 10 years after
the later of (i) the date when the Board of Directors adopted the Plan or (ii) the date when the Board of Directors approved
the most recent increase in the number of Shares reserved under Section 4 that was also approved by the Company’s stockholders.
The Plan may be terminated on any earlier date pursuant to Subsection (b) below.

 

(b)          Right
to Amend or Terminate the Plan. Subject to Subsection (d) below, the Board of Directors may amend, suspend or terminate the
Plan at any time and for any reason.

 

(c)          Effect
of Amendment or Termination. No Shares shall be issued or sold and no Option granted under the Plan after the termination thereof,
except upon exercise of an Option (or any other right to purchase Shares) granted under the Plan prior to such termination. The
termination of the Plan, or any amendment thereof, shall not affect any Share previously issued or any Option previously granted
under the Plan.

 

(d)          Stockholder
Approval. To the extent required by applicable law, the Plan will be subject to approval of the Company’s stockholders
within 12 months of its adoption date. To the extent required by applicable law, any amendment of the Plan will be subject to the
approval of the Company’s stockholders within 12 months of the amendment date if it (i) increases the number of Shares
available for issuance under the Plan (except as provided in Section 8), or (ii) materially changes the class of persons
who are eligible for the grant of ISOs. In addition, an amendment effecting any other material change to the Plan terms will be
subject to approval of the Company’s stockholder only if required by applicable law. Stockholder approval shall not be required
for any other amendment of the Plan.

  

    	9

    	 

    

 

SECTION 11.         DEFINITIONS.

 

(a)          “Award
Agreement” means a Stock Grant Agreement, Stock Option Agreement or Stock Purchase Agreement.

 

(b)          “Board
of Directors” means the Board of Directors of the Company, as constituted from time to time.

 

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

 

(d)          “Committee”
means a committee of the Board of Directors, as described in Section 2(a).

 

(e)          “Company”
means Inventergy Global, Inc., a Delaware corporation.

 

(f)          “Consultant”
means a person, excluding Employees and Outside Directors, who performs bona fide services for the Company, a Parent3 or
a Subsidiary as a consultant or advisor and who qualifies as a consultant or advisor under Rule 701(c)(1) of the Securities
Act or under Instruction A.1.(a)(1) of Form S-8 under the Securities Act.

 

(g)         “Date
of Grant” means the date of grant specified in the applicable Stock Option Agreement, which date shall be the later of
(i) the date on which the Board of Directors resolved to grant the Option or (ii) the first day of the Optionee’s
Service.

 

(h)         “Disability”
means that the Optionee is unable to engage in any substantial gainful activity by reason of any medically determinable physical
or mental impairment.

 

(i)          “Employee”
means any individual who is a common-law employee of the Company, a Parent4 or
a Subsidiary.

 

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

 

(k)          “Exercise
Price” means the amount for which one Share may be purchased upon exercise of an Option, as specified by the Board of
Directors in the applicable Stock Option Agreement.

 

 

3 Note that special considerations
apply if the Company proposes to grant awards to consultant or advisor of a Parent company.

4 Note that special considerations
apply if the Company proposes to grant awards to an Employee of a Parent company.

    	10

    	 

    

 

(l)          “Fair
Market Value” means the fair market value of a Share, as determined by the Board of Directors in good faith. Such determination
shall be conclusive and binding on all persons.

  

(m)          “Family
Member” means (i) any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling,
niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law, including adoptive relationships,
(ii) any person sharing the Optionee’s household (other than a tenant or employee), (iii) a trust in which persons
described in Clause (i) or (ii) have more than 50% of the beneficial interest, (iv) a foundation in which persons
described in Clause (i) or (ii) or the Optionee control the management of assets and (v) any other entity in which
persons described in Clause (i) or (ii) or the Optionee own more than 50% of the voting interests.

 

(n)          “Grantee”
means a person to whom the Board of Directors has awarded Shares under the Plan.

 

(o)          “ISO”
means an Option that qualifies as an incentive stock option as described in Code Section 422(b). Notwithstanding its designation
as an ISO, an Option that does not qualify as an ISO under applicable law shall be treated for all purposes as an NSO.

 

(p)          “NSO”
means an Option that does not qualify as an incentive stock option as described in Code Section 422(b) or 423(b).

 

(q)          “Option”
means an ISO or NSO granted under the Plan and entitling the holder to purchase Shares.

 

(r)          “Optionee”
means a person who holds an Option.

 

(s)          “Outside
Director” means a member of the Board of Directors who is not an Employee.

 

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

 

(u)         “Participant”
means a Grantee, Optionee or Purchaser.

 

(v)         “Plan”
means this Inventergy Global, Inc. 2014 Stock Plan.

 

(w)        “Purchase
Price” means the consideration for which one Share may be acquired under the Plan (other than upon exercise of an Option),
as specified by the Board of Directors.

 

(x)          “Purchaser”
means a person to whom the Board of Directors has offered the right to purchase Shares under the Plan (other than upon exercise
of an Option).

 

    	11

    	 

    

 

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

 

(z)          “Service”
means service as an Employee, Outside Director or Consultant.

 

(aa)         “Share”
means one share of Stock, as adjusted in accordance with Section 8 (if applicable).

  

(bb)         “Stock”
means the Common Stock of the Company.

 

(cc)         “Stock
Grant Agreement” means the agreement between the Company and a Grantee who is awarded Shares under the Plan that contains
the terms, conditions and restrictions pertaining to the award of such Shares.

 

(dd)         “Stock
Option Agreement” means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions
pertaining to the Optionee’s Option.

 

(ee)         “Stock
Purchase Agreement” means the agreement between the Company and a Purchaser who purchases Shares under the Plan that
contains the terms, conditions and restrictions pertaining to the purchase of such Shares.

 

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

  

    	12

    	 

    

 

Exhibit A

 

Schedule
of Shares Reserved for Issuance under the Plan

 

	Date of Board 
Approval	 	Date of Stockholder 
Approval	 	Number of Shares
 Added (INVT)	 	 	Cumulative Number 
of Shares (INVT)	 
	November 8, 2013	 	November 8, 2013	 	 	424,170	 	 	 	424,170	 
	 	 	 	 	 	 	 	 	 	 	 
	December 16, 2013	 	December 16, 2013	 	 	2,474,325	 	 	 	2,898,495	 
	 	 	 	 	 	 	 	 	 	 	 
	February 5, 2014	 	February 5, 2014	 	 	706,950	 	 	 	3,605,445	 

  

 Summary
of Modifications and Amendments to the Plan

 

The following is a summary of material modifications made to
the Plan (including any material deviations from the Gunderson Dettmer precedent form used to create the Plan):

 

		·	Modified to refer to Inventergy
Global, Inc. and “2014” after merger with eOn Communications Corporation (“eOn”) and adoption by eOn’s
shareholders pursuant to that merger as of June 6, 2014

		·	Modified to specify “Fair
Market Value” based upon the closing stock price of Inventergy’s common stock on date of grant.

		·	Modified total shares reserved
to reflect post-merger adjustment of common stock by exchange ratio and 1:2 reverse split of 1.4139.

 

    	13Exhibit 10.22

 

Inventergy,
Inc.

19925 Stevens Creek Boulevard, Suite 100

Cupertino, CA 95014

May 9, 2013 (Revised and supersedes prior offers)

Joseph W. Beyers

14771 Montalvo Road

Saratoga, CA 95070

 

Dear Joe:

 

Inventergy, Inc. (the “Company”)
is pleased to offer you employment on the following terms:

 

1.          Position.
Your initial title will be Chairman and Chief Executive Officer (CEO), and you will initially report to the Company’s Board
of Directors. This is a full-time position, beginning on the closing date of the initial equity purchase of the Company’s
Series A Preferred Stock (the “Commencement Date”), which is currently expected to be on or about May 10, 2013.
While you render services to the Company, you will not engage in any other employment, consulting or other business activity (whether
full-time or part-time) that would create a conflict of interest with the Company. By signing this letter agreement (the “Agreement”),
you confirm to the Company that you have no contractual commitments or other legal obligations that would prohibit you from performing
your duties for the Company. It is understood and agreed that your outside activities include those listed in Exhibit A.

 

2.          Cash
Compensation. The Company will pay you a starting salary at the rate of $26,250.00 per month, payable in accordance with the
Company’s standard payroll schedule. This salary will be subject to adjustment pursuant to the Company’s employee compensation
policies in effect from time to time. Your monthly salary will increase to $35,000.00 after the completion of a Next Round of Financing
in which the Company’s Board of Directors determines that such an increase complies with all limitations imposed on the Company
pursuant to the terms and conditions of the Series A Preferred Stock investment and the documentation with respect thereto (the
“Approved Milestone”).

 

You will receive a lump-sum
cash bonus (the “Incentive Bonus”) upon the earliest to occur of (a) achievement of the Approved Milestone or
(b) a Change in Control of the Company (such event, the “Trigger Date”), provided you remain continuously employed
by the Company through the date of such event (except as provided under Section 7 below). The amount of the Incentive Bonus will
be equal to 1/3rd of your monthly base salary at the rate then in effect multiplied by the number of months (or
fraction thereof, but in any case, capped at twelve) of full-time employment completed between the Commencement Date and the Trigger
Date.

 

You will also receive an
initial signing bonus in the amount of $99,250.00 on or about the Commencement Date.

 

    	 

    	 

    

 

May 9, 2013

Page 2 / 5

 

3.          Employee
Benefits. As a regular employee of the Company, you will be eligible to participate in a number of Company-sponsored benefits.
In addition, you will be entitled to paid vacation in accordance with the Company’s vacation policy, as in effect from time
to time. The primary place of employment will be at the Company’s Cupertino offices, which may change from time to time at
the Company’s discretion.

 

4.          Equity.
You hold 5,000,000 shares of the Company's Common Stock which are subject to certain vesting and
other terms pursuant to an Amended and Restated Stock Restriction Agreement between you and the Company dated May 9, 2013, as amended
from time to time (the "Stock Restriction Agreement"), which such Stock Restriction Agreement shall remain in full force
and effect. The Stock Restriction Agreement does not guarantee your continued employment for any period of time. Notwithstanding
anything in the Stock Restriction Agreement to the contrary, if you are subject to a Termination Without Cause during the period
in which you are providing services to the Company, the Right of Repurchase in the Stock Restriction Agreement shall lapse in full
for your Service Shares (as defined therein).

 

5.          Proprietary
Information and Inventions Agreement. Like all Company employees, you will be required, as a condition of your employment with
the Company, to sign the Company’s standard Proprietary Information and Inventions Agreement, a copy of which is attached
hereto as Exhibit B.

 

6.          Employment
Relationship. Employment with the Company is for no specific period of time. Your employment with the Company will be “at
will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without
Cause. Any contrary representations, whether written or oral, that may have been made to you are superseded by this Agreement.
This is the full and complete agreement between you and the Company on this term. Although your job duties, title, compensation
and benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will”
nature of your employment may only be changed in an express written agreement signed by you and a duly authorized officer of the
Company (other than you). You agree to abide by all Company policies and procedures as set forth in the Inventergy Employment Manual,
which may be modified from time to time in the Company’s discretion.

 

7.           Severance
Benefits.

 

(a)         General.
If you are subject to an Involuntary Termination, then you will be entitled to the benefits described in this Section 7. However,
this Section 7 will not apply unless you (i) have returned all Company property in your possession, (ii) have resigned
as a member of the Board of Directors of the Company and all of its subsidiaries, to the extent applicable, and (iii) have
executed a general release of all claims that you may have against the Company or persons affiliated with the Company. The release
must be in the form prescribed by the Company, without alterations. You must execute and return the release on or before the date
specified by the Company in the prescribed form (the “Release Deadline”). The Release Deadline will in no event
be later than 50 days after your Separation. If you fail to return the release on or before the Release Deadline, or if you revoke
the release, then you will not be entitled to the benefits described in this Section 7.

 

    	 

    	 

    

 

May 9, 2013

Page 3 / 5

(b)          Salary
Continuation. If you are subject to an Involuntary Termination, then, following your Separation, the Company will (i) continue
to pay your monthly base salary during the Severance Period (the “Salary Continuation”) and (ii) if such Involuntary
Termination occurs prior to a Trigger Date, pay you the Incentive Bonus, but only to the extent that the Company’s Board
of Directors determines that such Incentive Bonus payment at the time of your Involuntary Termination complies with all limitations
imposed on the Company pursuant to the terms and conditions of the Series A Preferred Stock investment and the documentation with
respect thereto. The Salary Continuation will be paid at the rate in effect at the time of your Separation and in accordance with
the Company’s standard payroll procedures. The payments under this Section 7 will commence or be paid within 60 days after
your Separation and, once they commence, will include any unpaid amounts accrued from the date of your Separation. However, if
the 60-day period described in the preceding sentence spans two calendar years, then the payments will in any event begin in the
second calendar year. The Severance Period shall be (a) three months if you are subject to an Involuntary Termination prior to
June 1, 2014 and (b) six months if you are subject to an Involuntary Termination on or following June 1, 2014.

 

8.            Tax
Matters.

 

(a)          Withholding.
All forms of compensation referred to in this Agreement are subject to reduction to reflect applicable withholding and payroll
taxes and other deductions required by law.

 

(b)          Tax
Advice. You are encouraged to obtain your own tax advice regarding your compensation from the Company. You agree that the Company
does not have a duty to design its compensation policies in a manner that minimizes your tax liabilities, and you will not make
any claim against the Company or its Board of Directors related to tax liabilities arising from your compensation.

 

(c)          Section
409A. For purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), each
payment under Section 7(b) is hereby designated as a separate payment. If the Company determines that you are a “specified
employee” under Section 409A(a)(2)(B)(i) of the Code at the time of your Separation, then (i) the payments under
Section 7(b), to the extent that they are subject to Section 409A of the Code, will commence on the first business day
following (A) expiration of the six-month period measured from your Separation or (B) the date of your death and (ii) the
installments that otherwise would have been paid prior to such date will be paid in a lump sum when the salary continuation payments
commence.

 

9.          Interpretation,
Amendment and Enforcement. This Agreement and Exhibit A supersede and replace any prior agreements, representations or understandings
(whether written, oral, implied or otherwise) between you and the Company and constitute the complete agreement between you and
the Company regarding the subject matter set forth herein. This Agreement may not be amended or modified, except by an express
written agreement signed by both you and a duly authorized officer of the Company. The terms of this Agreement and the resolution
of any disputes as to the meaning, effect, performance or validity of this Agreement or arising out of, related to, or in any way
connected with, this Agreement, your employment with the Company or any other relationship between you and the Company (the “Disputes”)
will be governed by California law, excluding laws relating to conflicts or choice of law. You and the Company submit to the exclusive
personal jurisdiction of the federal and state courts located in Santa Clara County in connection with any Dispute or any claim
related to any Dispute.

 

    	 

    	 

    

 

May 9, 2013

Page 4 / 5

 

10.         Definitions.
The following terms have the meaning set forth below wherever they are used in this Agreement:

 

“Cause”
means (a) your unauthorized use or disclosure of the Company’s confidential information or trade secrets, which use
or disclosure causes material harm to the Company, (b) your material breach of any agreement between you and the Company,
(c) your material failure to comply with the Company’s written policies or rules, (d) your indictment of, or your
plea of “guilty” or “no contest” to, a felony under the laws of the United States or any State, (e) your
gross negligence or willful misconduct, (f) your continuing failure to perform assigned duties after receiving written notification
of the failure from the Company’s Board of Directors or (g) your failure to cooperate in good faith with a governmental
or internal investigation of the Company or its directors, officers or employees, if the Company has requested your cooperation.

 

“Change in Control”
means (a) the consummation of a merger or consolidation of the Company with or into another entity or (b) the dissolution,
liquidation or winding up of the Company. The foregoing notwithstanding, a merger or consolidation of the Company does not constitute
a “Change in Control” if immediately after the merger or consolidation a majority of the voting power of the capital
stock of the continuing or surviving entity, or any direct or indirect parent corporation of the continuing or surviving entity,
will be owned by the persons who were the Company’s stockholders immediately prior to the merger or consolidation in substantially
the same proportions as their ownership of the voting power of the Company’s capital stock immediately prior to the merger
or consolidation.

 

“Involuntary Termination”
means either (a) your Termination Without Cause or (b) your Resignation for Good Reason.

 

“Next Round of Financing”
means the next sale (or series of related or unrelated sales) by the Company of its equity or debt securities (through either a
private or public offering) occurring ninety days or more after the Commencement Date from which the Company receives gross proceeds
of not less than $10,000,000.

 

“Resignation for
Good Reason” means a Separation as a result of your resignation if the Company fails to comply with any material provision
of this Agreement, provided you have first given the Company written notice of the failure within 90 days after it occurs and the
Company fails to remedy the condition within 30 days after receiving your written notice.

 

“Separation”
means a “separation from service,” as defined in the regulations under Section 409A of the Code.

 

“Termination Without
Cause” means a Separation as a result of a termination of your employment by the Company without Cause, provided you
are willing and able to continue performing services within the meaning of Treasury Regulation 1.409A-1(n)(1).

 

    	 

    	 

    

  

May 9, 2013

Page 5 / 5

 

We hope that you will accept
our offer. You may indicate your agreement with these terms and accept this offer by signing and dating both the enclosed duplicate
original of this Agreement and the enclosed Proprietary Information and Inventions Agreement and returning them to me. This offer,
if not accepted, will expire at the close of business on May 9, 2013. As required by law, your employment with the Company is contingent
upon your providing legal proof of your identity and authorization to work in the United States.

 

	 	 	Very truly yours,
	 	 	 
	 	 	Inventergy, Inc.
	 	 	 
	 	 	 /s/ Joseph W. Beyers
	 	 	Joseph Beyers
	 	 	Chief Executive Officer
	 	 	 
	I have read and accept this employment offer:	 	 
	 	 	 
	/s/ Joseph W. Beyers	 	 
	 Signature of Employee	 	 
	 	 	 
	Dated:	May 9, 2013	 	 
	 	 	 
	Exhibit A:  Outside Activities:	 	 

 

(a)          Member
of Board, Ambature, Inc.

 

(b)          Member
of Board, Silicon Turbine Systems, Inc.

 

(c)          Advisory
Board, Licensing Executive Society, Silicon Valley Chapter

 

Exhibit B: Proprietary Information and Inventions
Agreement (see attached)

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