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EMPLOYEE CONFIDENTIALITY AND NON-COMPETE AGREEMENT
This Agreement is effective as of April 8, 2021, between WESTWOOD HOLDINGS GROUP, INC., including any and all subsidiaries and affiliates (collectively the “Company”), and Porter Montgomery (the “Employee”).
The parties agree as follows:
1.ACCESS TO CONFIDENTIAL INFORMATION AND GOODWILL.  
(a)    Company agrees to provide Employee with proprietary and confidential information developed and/or owned by Company, and of which Employee does not have previous knowledge, including for example, and without limitation, unique investment approaches, sales and marketing programs and materials, marketing and business strategies, client lists and profile data, investment advisory contracts and fee schedules, trademarks, technical information, computer software programs and electronic information, financial and other information concerning its operations (collectively, “Confidential Information”).  Employee recognizes that (i) his or her business role with Company requires access to Confidential Information; (ii) such Confidential Information is of special value to the Company; and (iii) if such information became known to any person competing with the Company, irreparable damage could result to the Company. 
(b)    Employee acknowledges that Company has and owns certain goodwill that provides Company with a competitive advantage, including Company’s strong brand and reputation (the “Goodwill”). Employee further acknowledges that (i) the Goodwill, and successful execution of Company’s day-to-day functions, depend on formation of relationships of trust and confidence between individual employees and Company clients; (ii) Company’s continued growth and viability depend on nurturing the relationships between its own employees and its clients and on maintaining its own relationship with employees whom it has placed in a position to form client relationships and necessarily supported while those relationships formed and grew; and (iii) the Goodwill, and Company’s positive reputation or position in the eyes of its clients or potential clients, often manifests itself through repeat business with existing clients and through referrals to potential clients.  Company agrees to provide Employee with the institutional training, support and synergy that will enable Employee to provide services of the quality that clients of Company value highly and that form, at least in part, the basis for the Goodwill owned by Company.  Employee recognizes that he or she will or may have close association with Company’s clients, which will or may cause those clients to associate Employee with the products or services of the Company, without paying due regard to the role of the Company as a whole, including its entire team of professionals, in the creation and delivery of those products and services.  
(c)    Employee agrees that the Company must protect its business, including the Confidential Information and Goodwill.  In exchange for the Company’s promise to provide the Confidential Information and the institutional training, support and synergy referenced above, as well as the other consideration provided herein and elsewhere, Employee agrees to all of the covenants set forth below.   Employee further agrees that the covenants set forth below are reasonable, consistent with Employee’s and Company’s best interests, to protect the Company and its affiliates.
2.CONFIDENTIALITY COVENANT.  

(a)Employee covenants, unless required as part of his or her employment or with the Company’s prior written consent, not to disclose or communicate to third parties any Confidential Information, however acquired, including Confidential Information of companies with whom the Company has a business relationship. All Confidential Information received by Employee during his or her employment remains the Company’s exclusive property and shall be returned immediately upon termination of employment or at any time as requested by the Company.  Employee further agrees, upon termination of employment, to deliver to the Company or destroy any Confidential Information in his or her possession.
(b)Pursuant to the Defend Trade Secrets Act of 2016 (18 U.S.C. 1833(b)), an individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that is made in confidence either directly or indirectly to a Federal, State, or local government official, or to an attorney, solely for the purpose of reporting or investigating, a violation of law.  An individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret made in a complaint, or other document filed in a lawsuit or other proceeding, if such filing is made under seal.  An employee who files a lawsuit alleging retaliation by the company for reporting a suspected violation of the law may disclose the trade secret to his or her attorney and use the trade secret in the court proceeding, if the employee files any document containing the trade secret under seal and does not disclose the trade secret, except pursuant to court order.  This paragraph will govern to the extent it may conflict with any other provision of this Agreement.
(c)Employee warrants that he or she is not bound by any other agreement that would be breached by execution of this Agreement or which would prevent him from performing his or her duties at the Company.  Employee warrants that he or she has not retained proprietary information of any prior employer and will not use such information in carrying out his or her duties for the Company.
(d)In the event of a breach or threatened breach by Employee of the provisions of this Section 2, Company shall be entitled to an injunction restraining Employee from disclosing and/or using the Company’s Confidential Information (provided Company establishes the elements required for injunctive relief) and may pursue other remedies for such breach or threatened breach, including recovery of damages from Employee.
3.INVESTMENT PERFORMANCE RESULTS; COPYRIGHTABLE WORKS.  
(a)Employee agrees that the investment performance of accounts managed by Company is attributable to its entire team of professionals and not to any single individual, that performance results of all present and future Company products are Company’s exclusive property, and that he or she will not attempt to present as his or her own such performance or composite performance at any subsequent employer.  Nothing in the foregoing paragraph is intended to prevent Employee from discussing Employee’s own job responsibilities and past performance in connection with any application or interview process with a prospective employer.
(b)Employee agrees that Company owns copyrightable works developed by Employee on Company time using Company resources during the course and scope of his or her employment.  Employee agrees, if requested by Company and without cost, to execute written acknowledgments or assignments of copyright ownership of such works in order to preserve Company’s rights.  Employee agrees not to assert any rights to attribution and integrity (“moral rights”) he or she may have in any such copyrightable works.
    
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4.NON-COMPETITION/NON-SOLICITATION COVENANT.
(a)Employee agrees that, for twelve (12) months following termination of his or her employment at Company, whether by him or her or by Company and whether with or without cause (“Non-Competition Term”), Employee will not in any capacity provide investment advisory services or investment management services to any person or entity in the United States that is or was a client of Company with whom Employee did business and/or had personal contact during the course and scope of Employee’s employment with Company.
(b)Employee also agrees that, during his or her employment with Company, and for twelve (12) months following termination of his or her employment, whether by Employee or by Company and whether with or without cause (“Non-Solicitation Term”), Employee will not:
(i)    solicit any person or entity with whom Employee does or did business  and/or has or had personal contact during the course and scope of Employee’s employment with Company, including without limitation consultants used by Company’s clients, to withdraw, or to cause the withdrawal of, any funds as to which Company provides investment management services, or attempt to cause such person or entity not to engage Company for investment management services; and/or
(ii)    solicit any current employee of Company as of the date of the solicitation to terminate his or her employment with Company and/or to enter into competition with Company.
If Employee violates any of the restrictions contained in this Section 4, the Non-Competition Term and/or Non-Solicitation Term shall be suspended and will not run in favor of Employee from the time of the commencement of any such violation until the time when the Employee cures the violation to the Company’s satisfaction.
(c)Company and Employee acknowledge that the covenants contained in this Section 4 are reasonable in light of the consideration provided by Company to Employee, including without limitation access to Confidential Information and Goodwill owned by Company, and in light of the relationships that Employee will have with Company’s clients.  However, Company and Employee agree that if a court should decline to enforce the provisions of Section 4 as written, that such provisions shall be reformed to restrict Employee’s competition with Company or its affiliates, and his or her solicitation of clients and employees, to the maximum extent as to time, geography and business scope which the court shall find enforceable; provided that the provisions of Paragraph 4 shall not be modified to be more restrictive to Employee than those contained herein.
5.ADDITIONAL NON-COMPETITION COVENANT.
Employee agrees that, at Company’s election, for any consecutive part or all of the initial six (6) months following termination of his or her employment at Company, whether by him or her or by Company and whether with or without cause (such part or all of such six-month period as the Company may elect being referred to as the “Post-Employment Term”), he or she will not (a) in any capacity provide the same or similar services as Employee provided to Company immediately preceding his or her termination to any person or entity in competition with the Company’s investment services; or (b) establish, join, participate in, acquire or maintain 
    
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ownership in, or provide such same or similar services to, any United States based entity that offers services and/or products that compete with the Company’s investment services and/or products; provided, however, that this restriction shall not be construed to prevent Employee from owning or acquiring for investment purposes less than five (5) percent of the stock of any publicly traded company.  In the event Company elects to invoke the restrictions set forth in this paragraph as to Employee, Company shall continue Employee’s regular compensation during the Post-Employment Term at the same level being paid at termination and provide Employee a cash bonus equivalent to the most recent cash bonus paid to Employee prorated for the number of months in the 6 month period Company elects to restrict Employee (but excluding all other bonuses, vesting of restricted stock, and/or other incentives) .  If Employee violates any term of this Agreement, all such pay continuation shall cease, and all prior payments made during the Post-Employment Term shall be immediately repaid by Employee to Company. 
6.AT-WILL EMPLOYMENT; REPORTING STRUCTURE; EFFECT OF TERMINATION.  
Employee’s employment is at will and may be terminated at any time by him or her or by Company, with or without cause.  Employee agrees that such termination shall not end his or her obligations under this Agreement. Subject to Section 7(c), any other contracts or agreements entered into between Employee and Company shall be separate from this Agreement.
7.MISCELLANEOUS.  
(a)THIS AGREEMENT SHALL BE SUBJECT TO AND GOVERNED BY THE LAWS OF THE STATE OF TEXAS EXCEPT FOR CONFLICT OF LAWS PRINCIPLES, WITHOUT REGARD TO THE PLACE OF EXECUTION OR THE PLACE OF PERFORMANCE THEREOF.
(b)Failure to insist upon strict compliance with any provision in this Agreement shall not be deemed a waiver of such provision or any other provision in this Agreement.
(c)This Agreement may not be modified except by an agreement in writing executed by the parties to this Agreement.
(d)The invalidity or unenforceability of any provision hereof shall not affect the validity of enforceability of any other provision.  If, moreover, any one or more of the provisions contained in this Agreement shall, for any reason, be held to be excessively broad as to time, duration, geographical scope, activity, or subject, it shall be construed by limiting and reducing it so as to be enforceable to the extent compatible with the applicable law.
(e)This Agreement is not a contract of employment or promise of future employment. Employee’s employment is at will, as described in Section 6 above.

    
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IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.
WESTWOOD HOLDINGS GROUP, INC. 

By:    /s/ Brian O. Casey    
Printed Name:  Brian O. Casey
Title:  President & Chief Executive Officer

By:    /s/ J. Porter Montgomery    
Printed Name:  Porter Montgomery
Title:  President, Westwood Trust-Dallas

Employee’s Address:

     
    

BY EXECUTION OF THIS AGREEMENT, EMPLOYEE ACKNOWLEDGES RECEIPT OF A COPY OF THE AGREEMENT.
    
- 5 -Exhibit 10.1

 

iSPECIMEN INC.

SECOND AMENDED AND RESTATED

2021 STOCK INCENTIVE PLAN

 

1. Purpose. The purpose
of this 2021 Stock Incentive Plan, as amended from time to time (the “Plan”) of iSpecimen Inc., a Delaware corporation (the
 “Company”), is to advance the interests of the Company’s stockholders by enhancing the Company’s ability to attract,
retain and motivate persons who are expected to make important contributions to the Company and by providing such persons with equity
ownership opportunities and/or performance-based incentives. Except where the context otherwise requires, the term “Company”
shall include any present or future subsidiary corporations of the Company, as defined in Section 424(f) or (f) of the
Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the “Code”) (a “Subsidiary”
or “Subsidiaries”) and, for purposes of Awards (as hereinafter defined) other than Incentive Stock Options (as hereinafter
defined), any other business venture (including, without limitation, joint venture or limited liability company) in which the Company
has a direct or indirect significant or controlling interest, as determined by the sole discretion of the Board of Directors of the Company
(the “Board”).

 

2. Definitions. The
following definitions shall be applicable throughout this Plan:

 

(a)
 “Affiliate” means (i) any person or entity that directly or indirectly controls, is controlled by or is
under common control with the Company and/or (ii) to the extent provided by the Committee, any person or entity in which the
Company has a significant interest as determined by the Committee in its discretion. The term “control”
 (including, with correlative meaning, the terms “controlled by” and “under common
control with”), as applied to any person or entity, means the possession, directly or indirectly, of the power to direct or
cause the direction of the management and policies of such person or entity, whether through the ownership of voting or other
securities, by contract or otherwise.

 

(b) “Award”
means, individually or collectively, any Incentive Stock Option, Nonqualified Stock Option, Stock Appreciation Right, Restricted Stock,
Restricted Stock Unit, Stock Bonus Award or Performance Compensation Award granted under this Plan.

 

(c) “Award Agreement”
means an agreement made and delivered in accordance with Section 16(a) of this Plan evidencing the grant of an Award hereunder.

 

(d) “Board”
shall have the meaning given in Section 1.

 

(e) “Business
Day” means any day other than a Saturday, a Sunday or a day on which banking institutions in Massachusetts are authorized or
obligated by federal law or executive order to be closed.

 

     

     

    

 

(f) “Cause”
means, in the case of a particular Award, unless the applicable Award Agreement states otherwise, (i) the Company or an Affiliate
having “cause” to terminate a Participant’s employment or service, as defined in any employment or consulting agreement
or similar document or policy between the Participant and the Company or an Affiliate in effect at the time of such termination or (ii) in
the absence of any such employment or consulting agreement, document or policy (or the absence of any definition of “Cause”
contained therein), (A) a continuing material breach or material default (including, without limitation, any material dereliction
of duty) by Participant of any agreement between the Participant and the Company, except for any such breach or default which is caused
by the physical disability of the Participant (as determined by a neutral physician), or a continuing failure by the Participant to follow
the direction of a duly authorized representative of the Company; (B) gross negligence, willful misfeasance or breach of fiduciary
duty to the Company or Affiliate of the Company by the Participant; (C) the commission by the Participant of an act of fraud, embezzlement
or any felony or other crime of dishonesty in connection with the Participant’s duties to the Company or Affiliate of the Company;
(D) conviction of the Participant of a felony or any other crime that would materially and adversely affect: (i) the business
reputation of the Company or Affiliate of the Company or (ii) the performance of the Participant’s duties to the Company or
an Affiliate of the Company; (E) gross misconduct by the Participant which results in loss, damage or injury to the Company or an
Affiliate of the Company, their goodwill, business or reputation; (F) the commission of an act which induces any customer or prospective
customer of the Company to breach a contract with the Company or an Affiliate of the Company or to decline to do business with the Company
or an Affiliate; (G) the violation by the Participant, in any material respect, of a non-competition, non-solicitation, non-disclosure
or assignment of inventions covenant between the Participant and the Company or an Affiliate of the Company, which results in harm to
the Company, an Affiliate of the Company, or their customers or suppliers; (H) the engagement, whether directly or indirectly, by
the Participant, during the period of his or her employment, engagement or relationship with the Company or an Affiliate of the Company
for a period of one (1) year after the termination of his or her employment, engagement or relationship (for any reason), in a business
or other commercial activity which is or may be competitive with the business being conducted by the Company or an Affiliate of the Company;
(I) the solicitation, diversion or taking away by the Participant, or the attempted solicitation, diversion or taking away
by the Participant, whether directly or indirectly, during the period of his or her employment, engagement or relationship with the Company
or an Affiliate of the Company or for a period of one (1) year after the termination of his or her employment, engagement or relationship
(for any reason), of any of the customers, business or prospective customers of the Company or an Affiliate of the Company then in existence
and with whom the Participant had contact or about whom the Participant gained confidential information during the Participant’s
employment, engagement or relationship with the Company or an Affiliate of the Company on behalf of a competitive enterprise (prospective
customer shall mean any person or entity being solicited by the Company or an Affiliate of the Company during the time the Participant
was employed or engaged by the Company or an Affiliate of the Company); (J) the solicitation, recruiting or hiring by the Participant,
or the attempted solicitation, recruiting, or hiring by the Participant, whether directly or indirectly, during the period of his or
her employment or for a period of one (1) year after the termination of his or her employment, engagement or relationship (for any
reason), engagement or relationship with the Company or an Affiliate of the Company, of any employee or consultant of the Company or
an Affiliate of the Company; (K) the use of controlled substances, illicit drugs, alcohol or other substances or behavior which
interferes with the Participant’s ability to perform his or her services for the Company or an Affiliate of the Company or which
otherwise results in loss, damage or injury to the Company or an Affiliate of the Company, their goodwill, business or reputation; or
(L) the repeated failure of the Participant to adequately perform his or her employment, advisory or consulting services, duties
and obligations following a notice of such failure from management or the Board and an inability to cure such failure after thirty (30)
days, unless otherwise precluded by disability. Any determination of whether Cause exists shall be made by the Committee in its sole
discretion.

 

(g) “Change in
Control” shall, in the case of a particular Award, unless the applicable Award Agreement states otherwise or contains a different
definition of “Change in Control,” be deemed to occur upon: (a) any merger, business combination, consolidation or purchase
of outstanding capital stock of the Company with or into, or any acquisition by, another entity after which the voting securities of the
Company, outstanding immediately prior thereto, represent (either by remaining outstanding or by being converted into voting securities
of the surviving or acquiring entity) less than 50% of the combined voting power of the voting securities of the Company or such surviving
or acquiring entity outstanding immediately after such event (other than as a result of a financing transaction); (b) any sale or
exchange of all or substantially all of the capital stock or assets of the Company (other than in a spin-off or similar transaction) for
cash, securities or other property pursuant to a share exchange transaction; (c) any other form of business combination or acquisition
of the business of the Company in which the Company is the target of the acquisition, as determined by the Board, whose determination
shall be conclusive; or (d) any liquidation or dissolution of the Company. A Change in Control caused by an increase in the percentage
of stock owned by any one person, or persons acting as a group, as a result of a transaction in which the Company acquires its stock in
exchange for property is not treated as a Change in Control for purposes of the Plan.

 

(h) “Code”
shall have the meaning given in Section 1.

 

(i) “Committee”
means a committee of at least two people as the Board may appoint to administer this Plan or, if no such committee has been appointed
by the Board, the Board. Unless altered by an action of the Board, the Committee shall be the Compensation Committee of the Board.

 

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(j) “Common Stock”
means the common stock, par value $0.0001 per share, of the Company (and any stock or other securities into which such Common Stock may
be converted or into which they may be exchanged).

 

(k) “Company”
shall have the meaning given in Section 1.

 

(l) “Current Board
Members” means the individuals who, as of the date hereof, constitute the members of the Board.

 

(m) “Date of Grant”
means the date on which the granting of an Award is authorized, or such other date as may be specified in such authorization.

 

(n) “Disability”
means a “permanent and total” disability incurred by a Participant while in the employ or service of the Company or an Affiliate
or as otherwise as determined under procedures established by the Committee for purposes of the Plan. For this purpose, a permanent and
total disability shall mean that the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable
physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than
twelve (12) months. The determination of whether a Participant has incurred a permanent and total disability shall be made by a physician
designated by the Committee, whose determination shall be final and binding.

 

(o) “Effective
Date” means the date as of which this Plan is adopted by the Board, subject to Section 3 of this Plan.

 

(p) “Eligible
Director” means a person who is a “non-employee director” within the meaning of Rule 16b-3 under the Exchange
Act.

 

(q) “Eligible
Person” means any (i) individual employed by the Company or an Affiliate; provided, however, that no such employee
covered by a collective bargaining agreement shall be an Eligible Person unless and to the extent that such eligibility is set forth in
such collective bargaining agreement or in an agreement or instrument relating thereto; (ii) director of the Company or an Affiliate;
or (iii) consultant or advisor to the Company or an Affiliate, provided that if the Securities Act applies such persons must be eligible
to be offered securities registrable on Form S-8 under the Securities Act.

 

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

 

(s) “Exercise
Price” has the meaning given such term in Section 7(b) of this Plan.

 

(t) “Fair Market
Value”, unless otherwise provided by the Committee in accordance with all applicable laws, rules regulations and standards,
means, on a given date, (i) if the Common Stock is listed on a national securities exchange, the closing sales price on the principal
exchange of the Common Stock on such date or, in the absence of reported sales on such date, the closing sales price on the immediately
preceding date on which sales were reported, or (ii) if the Common Stock is not listed on a national securities exchange, the mean
between the bid and offered prices as quoted by any nationally recognized interdealer quotation system for such date, provided that if
the Common Stock is not quoted on an interdealer quotation system or it is determined that the fair market value is not properly reflected
by such quotations, Fair Market Value will be determined by such other method as the Committee determines in good faith to be reasonable
and in compliance with Code Section 409A.

 

(u) “Immediate
Family Members” shall have the meaning set forth in Section 16(b) of this Plan.

 

(v) “Incentive
Stock Option” means an Option that is designated by the Committee as an incentive stock option as described in Section 422
of the Code and otherwise meets the requirements set forth in this Plan.

 

(w) “Indemnifiable
Person” shall have the meaning set forth in Section 4(e) of this Plan.

 

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(x) “Negative
Discretion” shall mean the discretion authorized by this Plan to be applied by the Committee to eliminate or reduce the size
of a Performance Compensation Award consistent with Section 162(m) of the Code.

 

(y) “Nonqualified
Stock Option” means an Option that is not designated by the Committee as an Incentive Stock Option.

 

(z) “Option”
means an Award granted under Section 7 of this Plan.

 

(aa) “Option Period”
has the meaning given such term in Section 7(c) of this Plan.

 

(bb) “Participant”
means an Eligible Person who has been selected by the Committee to participate in this Plan and to receive an Award pursuant to Section 6
of this Plan.

 

(cc) “Performance Compensation
Award” shall mean any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of this
Plan.

 

(dd) “Performance Criteria”
shall mean the criterion or criteria that the Committee shall select for purposes of establishing the Performance Goal(s) for a Performance
Period with respect to any Performance Compensation Award under this Plan.

 

(ee) “Performance Formula”
shall mean, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with
regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the
Performance Compensation Award has been earned for the Performance Period.

 

(ff) “Performance Goals”
shall mean, for a Performance Period, the one or more goals established by the Committee for the Performance Period based upon the Performance
Criteria.

 

(gg) “Performance Period”
shall mean the one or more periods of time, as the Committee may select, over which the attainment of one or more Performance Goals will
be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance Compensation Award.

 

(hh) “Permitted Transferee”
shall have the meaning set forth in Section 16(b) of this Plan.

 

(ii) “Person”
has the meaning given such term in the definition of “Change in Control.”

 

(jj) “Plan”
means this iSpecimen Inc. 2021 Stock Incentive Plan, as amended from time to time.

 

(kk) “Repurchase Period”
shall have the meaning set forth in Section 15(a) of this Plan.

 

(ll) “Repurchase Option”
shall have the meaning set forth in Section 15(a) of this Plan.

 

(mm) “Retirement”
means the fulfillment of each of the following conditions: (i) the Participant is in good standing with the Company and/or an Affiliate
of the Company as determined by the Committee; (ii) the voluntary termination by a Participant of such Participant’s employment
or service to the Company and/or an Affiliate and (iii) that at the time of such voluntary termination, the sum of: (A) the
Participant’s age (calculated to the nearest month, with any resulting fraction of a year being calculated as the number of months
in the year divided by 12) and (B) the Participant’s years of employment or service with the Company (calculated to the
nearest month, with any resulting fraction of a year being calculated as the number of months in the year divided by 12) equals at
least 62 (provided that, in any case, the foregoing shall only be applicable if, at the time of such Retirement, the Participant shall
be at least 55 years of age and shall have been employed by or served with the Company for no less than five years).

 

(nn) “Restricted Period”
means the period of time determined by the Committee during which an Award is subject to restrictions or, as applicable, the period of
time within which performance is measured for purposes of determining whether an Award has been earned.

 

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(oo) “Restricted Stock
Unit” means an unfunded and unsecured promise to deliver Common Stock, cash, other securities or other property, subject to
certain restrictions (including, without limitation, a requirement that the Participant remain continuously employed or provide continuous
services for a specified period of time), granted under Section 9 of this Plan.

 

(pp) “Restricted Stock”
means Common Stock, subject to certain specified restrictions (including, without limitation, a requirement that the Participant remain
continuously employed or provide continuous services for a specified period of time), granted under Section 9 of this Plan.

 

(qq) “SAR Period”
has the meaning given such term in Section 8(c) of this Plan.

 

(rr) “Securities Act”
means the Securities Act of 1933, as amended, and any successor thereto. Reference in this Plan to any section of the Securities Act shall
be deemed to include any rules, regulations or other official interpretative guidance issued by any governmental authority under such
section, and any amendments or successor provisions to such section, rules, regulations or guidance.

 

(ss) “Stock Appreciation
Right” or “SAR” means an Award granted under Section 8 of this Plan which meets all of the requirements
of Section 1.409A-1(b)(5)(i)(B) of the Treasury Regulations.

 

(tt) “Stock Bonus Award”
means an Award granted under Section 10 of this Plan.

 

(uu) “Strike Price”
means, except as otherwise provided by the Committee in the case of Substitute Awards, (i) in the case of an SAR granted in tandem
with an Option, the Exercise Price of the related Option, or (ii) in the case of an SAR granted independent of an Option, the Fair
Market Value of the Common Stock on the Date of Grant.

 

(vv) “Subsidiary”
shall have the meaning given in Section 1.

 

(ww) “Substitute Award”
has the meaning given such term in Section 5(e).

 

(xx) “Treasury
Regulations” means any regulations, whether proposed, temporary or final, promulgated by the U.S. Department of Treasury under
the Code, and any successor provisions.

 

3. Effective Date; Duration.
The Plan shall be effective on June 16, 2021, the date on which it is approved by the stockholders of the Company, which date shall
be within twelve (12) months before or after the date of the Plan’s adoption by the Board. The expiration date of this Plan, on
and after which date no Awards may be granted hereunder, shall be June 16, 2031, the tenth anniversary of the date on which the Plan
was approved by the stockholders of the Company; provided, however, that such expiration shall not affect Awards then outstanding,
and the terms and conditions of this Plan shall continue to apply to such Awards.

 

4. Administration.

 

(a) The Committee shall
administer this Plan. To the extent required to comply with the provisions of Rule 16b-3 promulgated under the Exchange Act (if the
Board is not acting as the Committee under this Plan), it is intended that each member of the Committee shall, at the time he takes any
action with respect to an Award under this Plan, be an Eligible Director. However, the fact that a Committee member shall fail to qualify
as an Eligible Director shall not invalidate any Award granted by the Committee that is otherwise validly granted under this Plan. The
acts of a majority of the members present at any meeting at which a quorum is present or acts approved in writing by a majority of the
Committee shall be deemed the acts of the Committee. Whether a quorum is present shall be determined based on the Committee’s charter
as approved by the Board.

 

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(b) Subject to the provisions
of this Plan and applicable law, the Committee shall have the sole and plenary authority, in addition to other express powers and authorizations
conferred on the Committee by this Plan and its charter, to: (i) designate Participants; (ii) determine the type or types of
Awards to be granted to a Participant; (iii) determine the number of shares of Common Stock to be covered by, or with respect to
which payments, rights, or other matters are to be calculated in connection with, Awards; (iv) determine the terms and conditions
of any Award; (v) determine whether, to what extent, and under what circumstances Awards may be settled or exercised in cash, Common
Stock, other securities, other Awards or other property, or canceled, forfeited, or suspended, and the method or methods by which Awards
may be settled, exercised, canceled, forfeited, or suspended; (vi) determine whether, to what extent, and under what circumstances
the delivery of cash, Common Stock, other securities, other Awards or other property and other amounts payable with respect to an Award
shall be made; (vii) interpret, administer, reconcile any inconsistency in, settle any controversy regarding, correct any defect
in and/or complete any omission in this Plan and any instrument or agreement relating to, or Award granted under, this Plan; (viii) establish,
amend, suspend, or waive any rules and regulations and appoint such agents as the Committee shall deem appropriate for the proper
administration of this Plan; (ix) accelerate the vesting or exercisability of, payment for or lapse of restrictions on, Awards;
(x) to reprice existing Awards or to grant Awards in connection with or in consideration of the cancellation of an outstanding Award
with a higher price; and (xi) make any other determination and take any other action that the Committee deems necessary or desirable
for the administration of this Plan.

 

(c) The Committee may,
by resolution, expressly delegate to a special committee, consisting of one or more directors who may but need not be officers of the
Company, the authority, within specified parameters as to the number and types of Awards, to (i) designate officers and/or employees
of the Company or any of its Affiliates to be recipients of Awards under this 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 may not be made with respect
to grants of Awards to persons (i) subject to Section 16 of the Exchange Act or (ii) who are, or who are reasonably expected
to be, “covered employees” for purposes of Section 162(m) of the Code. The acts of such delegates shall be treated
as acts of the Committee, and such delegates shall report regularly to the Board and the Committee regarding the delegated duties and
responsibilities and any Awards granted.

 

(d) Unless otherwise expressly
provided in this Plan, all designations, determinations, interpretations, and other decisions under or with respect to this Plan or any
Award or any documents evidencing Awards granted pursuant to this Plan shall be within the sole discretion of the Committee, may be made
at any time and shall be final, conclusive and binding upon all persons or entities, including, without limitation, the Company, any Affiliate,
any Participant, any holder or beneficiary of any Award, and any stockholder of the Company.

 

(e) No member of the Board,
the Committee, delegate of the Committee or any employee, advisor or agent of the Company or the Board or the Committee (each such person,
an “Indemnifiable Person”) shall be liable for any action taken or omitted to be taken or any determination made in
good faith with respect to this Plan or any Award hereunder. Each Indemnifiable Person shall be indemnified and held harmless by the Company
against and from (and the Company shall pay or reimburse on demand for) any loss, cost, liability, or expense (including court costs and
attorneys’ fees) that may be imposed upon or incurred by such Indemnifiable Person in connection with or resulting from any action,
suit or proceeding to which such Indemnifiable Person may be a party or in which such Indemnifiable Person may be involved by reason of
any action taken or omitted to be taken under this Plan or any Award Agreement and against and from any and all amounts paid by such Indemnifiable
Person with the Company’s approval, in settlement thereof, or paid by such Indemnifiable Person in satisfaction of any judgment
in any such action, suit or proceeding against such Indemnifiable Person, provided, that the Company shall have the right, at its own
expense, to assume and defend any such action, suit or proceeding and once the Company gives notice of its intent to assume the defense,
the Company shall have sole control over such defense with counsel of the Company’s choice. The foregoing right of indemnification
shall not be available to an Indemnifiable Person to the extent that a final judgment or other final adjudication (in either case not
subject to further appeal) binding upon such Indemnifiable Person determines that the acts or omissions of such Indemnifiable Person giving
rise to the indemnification claim resulted from such Indemnifiable Person’s bad faith, fraud or willful criminal act or omission
or that such right of indemnification is otherwise prohibited by law or by the Company’s Certificate of Incorporation or Bylaws.
The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which any such Indemnifiable Person
may be entitled under the Company’s Certificate of Incorporation or Bylaws, as a matter of law, or otherwise, or any other power
that the Company may have to indemnify such Indemnifiable Persons or hold them harmless.

 

    6 

     

    

 

(f) Notwithstanding anything
to the contrary contained in this Plan, the Board may, in its sole discretion, at any time and from time to time, grant Awards and administer
this Plan with respect to such Awards. In any such case, the Board shall have all the authority granted to the Committee under this Plan.

 

5. Grant of Awards; Shares
Subject to this Plan; Limitations.

 

(a) The Committee may,
from time to time, grant Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Stock Bonus Awards and/or Performance
Compensation Awards to one or more Eligible Persons.

 

(b) Subject to Section 12
of this Plan, the Committee is authorized to grant Awards under this Plan for an aggregate of 608,000 shares of Common Stock; provided
that, on each anniversary of the Effective Date thereafter while this Plan is in effect, the number of shares of Common Stock available
for the grant of Awards by the Committee shall be adjusted, as applicable, so that the aggregate number of shares of Common Stock available
for the grant of Awards under this Plan shall be equal to the greater of (i) the then current number of shares of Common Stock available
for the grant of Awards under this Plan and (ii) such number of shares of Common Stock that is equal to 5% of the total number of
issued and outstanding shares of Common Stock on such applicable anniversary date. Any adjustments made to the number of shares
of Common Stock reserved for Awards under this Plan, pursuant to the provisions of this Section 5(b), shall not reduce the number
of shares of Common Stock available hereunder.

 

(c) Notwithstanding the
provisions of Section 5(b) immediately preceding, the Committee is authorized to grant Awards under this Plan as Incentive Stock
Options, for an aggregate of 608,000 shares of Common Stock and such amount shall not be increased or reduced, without the requisite approval
of the Company’s stockholders, other than pursuant to the provisions of Section 12 of this Plan.

 

(d) Common Stock underlying
Awards under this Plan that are forfeited, cancelled, expire unexercised, or are settled in cash shall be available again for Awards under
this Plan at the same ratio at which they were previously granted. Notwithstanding the foregoing, the following shares of Common Stock
shall not be available again for Awards under the Plan: (i) shares tendered or held back upon the exercise of an Option or settlement
of an Award to cover the Exercise Price of an Award; (ii) shares that are used or withheld to satisfy tax withholding obligations
of the Participant; and (iii) shares subject to a Stock Appreciation Right that are not issued in connection with the stock settlement
of the SAR upon exercise thereof.

 

(e) Shares of Common Stock
delivered by the Company in settlement of Awards may be authorized and unissued shares, shares held in the treasury of the Company, shares
purchased on the open market or by private purchase, or any combination of the foregoing.

 

(f) Subject to compliance
with Section 1.409A-3(f) of the Treasury Regulations, Awards may, in the sole discretion of the Committee, be granted under
this Plan in assumption of, or in substitution for, outstanding awards previously granted by an entity acquired by the Company or with
which the Company combines (“Substitute Awards”). The number of shares of Common Stock underlying any Substitute Awards
shall be counted against the aggregate number of shares of Common Stock available for Awards under this Plan.

 

(g) Notwithstanding any
provision in the Plan to the contrary (but subject to adjustment as provided in Section 12), the Committee shall not grant to any
one Eligible Person in any one calendar year Awards (i) for more than 50% of the Available Shares in the aggregate or (ii) payable
in cash in an amount exceeding $10,000,000 in the aggregate.

 

6. Eligibility. Participation
shall be limited to Eligible Persons who have entered into an Award Agreement or who have received written notification from the Committee,
or from a person designated by the Committee, that they have been selected to participate in this Plan.

 

    7 

     

    

 

7. Options.

 

(a) Generally.
Each Option granted under this Plan shall be evidenced by an Award Agreement (whether in paper or electronic medium (including email
or the posting on a web site maintained by the Company or a third party under contract with the Company)). Each Option so granted shall
be subject to the conditions set forth in this Section 7, and to such other conditions not inconsistent with this Plan as may be
reflected in the applicable Award Agreement. All Options granted under this Plan shall be Nonqualified Stock Options unless the applicable
Award Agreement expressly states that the Option is intended to be an Incentive Stock Option. Notwithstanding any designation of an Option,
to the extent that the aggregate Fair Market Value of the Common Stock with respect to which Options designated as Incentive Stock Options
are exercisable for the first time by any Participant during any calendar year (under all plans of the Company or any Subsidiary) exceeds
$100,000, such excess Options shall be treated as Nonqualified Stock Options. Incentive Stock Options shall be granted only to Eligible
Persons who are employees of the Company and its Affiliates, and no Incentive Stock Option shall be granted to any Eligible Person who
is ineligible to receive an Incentive Stock Option under the Code. No Option shall be treated as an Incentive Stock Option unless this
Plan has been approved by the stockholders of the Company in a manner intended to comply with the stockholder approval requirements of
Section 422(b)(1) of the Code, provided that any Option intended to be an Incentive Stock Option shall not fail to be effective
solely on account of a failure to obtain such approval, but rather such Option shall be treated as a Nonqualified Stock Option unless
and until such approval is obtained. In the case of an Incentive Stock Option, the terms and conditions of such grant shall be subject
to and comply with such rules as may be prescribed by Section 422 of the Code. If for any reason an Option intended to be an
Incentive Stock Option (or any portion thereof) shall not qualify as an Incentive Stock Option, then, to the extent of such nonqualification,
such Option or portion thereof shall be regarded as a Nonqualified Stock Option appropriately granted under this Plan.

 

(b) Exercise Price.
The exercise price (“Exercise Price”) per Common Stock for each Option shall not be less than 100% of the Fair Market
Value of such share determined as of the Date of Grant; provided, however, that in the case of an Incentive Stock Option granted
to an employee who, at the time of the grant of such Option, owns shares representing more than 10% of the voting power of all classes
of shares of the Company or any Affiliate, the Exercise Price per share shall not be less than 110% of the Fair Market Value per share
on the Date of Grant; and, provided further, that notwithstanding any provision herein to the contrary, the Exercise Price shall
not be less than the par value per Common Stock.

 

(c) Vesting and Expiration.
Options shall vest and become exercisable in such manner and on such date or dates determined by the Committee and as set forth in the
applicable Award Agreement, and shall expire after such period, not to exceed ten (10) years from the Date of Grant, as may be determined
by the Committee (the “Option Period”); provided, however, that the Option Period shall not exceed five (5) years
from the Date of Grant in the case of an Incentive Stock Option granted to a Participant who on the Date of Grant owns shares representing
more than 10% of the voting power of all classes of shares of the Company or any Affiliate; and, provided, further, that notwithstanding
any vesting dates set by the Committee, the Committee may, in its sole discretion, accelerate the exercisability of any Option, which
acceleration shall not affect the terms and conditions of such Option other than with respect to exercisability. Unless otherwise provided
by the Committee in an Award Agreement:

 

(i) an Option shall vest
and become exercisable with respect to 100% of the shares of Common Stock subject to such Option on each anniversary of the Date of Grant;

 

(ii) the unvested portion
of an Option shall expire upon termination of employment or service of the Participant granted the Option, and the vested portion of such
Option shall remain exercisable for:

 

(A) one year following
termination of employment or service by reason of such Participant’s death or Disability (with the determination of Disability to
be made by the Committee on a case by case basis), but not later than the expiration of the Option Period;

 

(B) for directors, officers
and employees of the Company only, for ninety (90) days following termination of employment or service by reason of such Participant’s
Retirement;

 

(C) 90 calendar days following
termination of employment or service for any reason other than such Participant’s death, Disability or Retirement, and other than
such Participant’s termination of employment or service for Cause, but not later than the expiration of the Option Period; and

 

    8 

     

    

 

(iii) both the unvested
and the vested portion of an Option shall immediately expire upon the termination of the Participant’s employment or service
by the Company for Cause. Notwithstanding the foregoing provisions of Section 7(c) and consistent with the requirements of
applicable law, the Committee, in its sole discretion, may extend the post-termination of employment period during which a
Participant may exercise vested Options.

 

(d) Method of Exercise
and Form of Payment. No shares of Common Stock shall be delivered pursuant to the exercise of an Option until payment in full
of the Exercise Price therefor is received by the Company and the Participant has paid to the Company an amount equal to any federal,
state, local and/or foreign income and employment taxes required to be withheld. Options that have become exercisable may be exercised
by delivery of written or electronic notice of exercise to the Company in accordance with the terms of the Award Agreement accompanied
by payment of the Exercise Price. The Exercise Price shall be payable (i) in cash, check (subject to collection), cash equivalent
and/or vested shares of Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures
approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Common Stock in lieu of actual delivery
of such shares to the Company); provided, however, that such shares of Common Stock are not subject to any pledge or other security
interest and; (ii) by such other method as the Committee may permit in accordance with applicable law, in its sole discretion, including
without limitation: (A) in other property having a fair market value (as determined by the Committee in its discretion) on the date
of exercise equal to the Exercise Price or (B) if there is a public market for the Common Stock at such time, by means of a broker-assisted
 “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell
the shares of Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal
to the Exercise Price or (C) by a “net exercise” method whereby the Company withholds from the delivery of the shares
of Common Stock for which the Option was exercised that number of shares of Common Stock having a Fair Market Value equal to the aggregate
Exercise Price for the shares of Common Stock for which the Option was exercised. Any fractional shares of Common Stock shall be settled
in cash.

 

(e) Notification upon
Disqualifying Disposition of an Incentive Stock Option. Each Participant awarded an Incentive Stock Option under this Plan shall notify
the Company in writing immediately after the date he makes a disqualifying disposition of any shares of Common Stock acquired pursuant
to the exercise of such Incentive Stock Option. A disqualifying disposition is any disposition (including, without limitation, any sale)
of such shares of Common Stock before the later of (A) two years after the Date of Grant of the Incentive Stock Option or (B) one
year after the date of exercise of the Incentive Stock Option. The Company may, if determined by the Committee and in accordance with
procedures established by the Committee, retain possession of any shares of Common Stock acquired pursuant to the exercise of an Incentive
Stock Option as agent for the applicable Participant until the end of the period described in the preceding sentence.

 

(f) Compliance with
Laws, etc. Notwithstanding the foregoing, in no event shall a Participant be permitted to exercise an Option in a manner that
the Committee determines would violate the Sarbanes-Oxley Act of 2002, if applicable, or any other applicable law or the applicable rules and
regulations of the Securities and Exchange Commission or the applicable rules and regulations of any securities exchange or inter-dealer
quotation system on which the securities of the Company are listed or traded.

 

8. Stock Appreciation Rights.

 

(a) Generally. Each
SAR granted under this Plan shall be evidenced by an Award Agreement (whether in paper or electronic medium (including email or the posting
on a web site maintained by the Company or a third party under contract with the Company)). Each SAR so granted shall be subject to the
conditions set forth in this Section 8, and to such other conditions not inconsistent with this Plan as may be reflected in the applicable
Award Agreement. Any Option granted under this Plan may include tandem SARs (i.e., SARs granted in conjunction with an Award of Options
under this Plan). The Committee also may award SARs to Eligible Persons independent of any Option.

 

(b) Exercise Price.
The Exercise Price per Common Stock for each Option granted in connection with an SAR shall not be less than 100% of the Fair Market Value
of such share determined as of the Date of Grant.

 

    9 

     

    

 

(c) Vesting and Expiration.
An SAR granted in connection with an Option shall become exercisable and shall expire according to the same vesting schedule and expiration
provisions as the corresponding Option. An SAR granted independent of an Option shall vest and become exercisable and shall expire in
such manner and on such date or dates determined by the Committee and shall expire after such period, not to exceed ten years, as
may be determined by the Committee (the “SAR Period”); provided, however, that notwithstanding any vesting
dates set by the Committee, the Committee may, in its sole discretion, accelerate the exercisability of any SAR, which acceleration shall
not affect the terms and conditions of such SAR other than with respect to exercisability. Unless otherwise provided by the Committee
in an Award Agreement:

 

(i) an SAR shall vest
and become exercisable with respect to 100% of the shares of Common Stock subject to such SAR on the third anniversary of the Date of
Grant;

 

(ii) the unvested portion
of an SAR shall expire upon termination of employment or service of the Participant granted the SAR, and the vested portion of such SAR
shall remain exercisable for:

 

(A) one year following
termination of employment or service by reason of such Participant’s death or Disability (with the determination of Disability to
be made by the Committee on a case by case basis), but not later than the expiration of the SAR Period;

 

(B) for directors, officers
and employees of the Company only, for the remainder of the SAR Period following termination of employment or service by reason of such
Participant’s Retirement;

 

(C) 90 calendar days following
termination of employment or service for any reason other than such Participant’s death, Disability or Retirement, and other than
such Participant’s termination of employment or service for Cause, but not later than the expiration of the SAR Period; and

 

(iii) both the unvested
and the vested portion of an SAR shall expire immediately upon the termination of the Participant’s employment or service by the
Company for Cause.

 

(d) Method of Exercise.
SARs that have become exercisable may be exercised by delivery of written or electronic notice of exercise to the Company in accordance
with the terms of the Award, specifying the number of SARs to be exercised and the date on which such SARs were awarded. Notwithstanding
the foregoing, if on the last day of the Option Period (or in the case of an SAR independent of an Option, the SAR Period), the Fair Market
Value exceeds the Strike Price, the Participant has not exercised the SAR or the corresponding Option (if applicable), and neither the
SAR nor the corresponding Option (if applicable) has expired, such SAR shall be deemed to have been exercised by the Participant on such
last day and the Company shall make the appropriate payment therefor.

 

(e) Payment. Upon
the exercise of an SAR, the Company shall pay to the Participant an amount equal to the number of shares of Common Stock subject to the
SAR that are being exercised multiplied by the excess, if any, of the Fair Market Value of one Common Stock on the exercise date over
the Strike Price, less an amount equal to any federal, state, local and non-U.S. income and employment taxes required to be withheld.
The Company shall pay such amount in cash, in shares of Common Stock valued at Fair Market Value, or any combination thereof, as determined
by the Committee. Any fractional Common Stock shall be settled in cash.

 

9. Restricted Stock and
Restricted Stock Units.

 

(a) Generally. Each
grant of Restricted Stock and Restricted Stock Units shall be evidenced by an Award Agreement (whether in paper or electronic medium (including
email or the posting on a web site maintained by the Company or a third party under contract with the Company)). Each such grant shall
be subject to the conditions set forth in this Section 9, and to such other conditions not inconsistent with this Plan as may be
reflected in the applicable Award Agreement. Restricted Stock and Restricted Stock Units shall be subject to such restrictions on transferability
and other restrictions as the Committee may impose (including, for example, limitations on the right to vote Restricted Stock or the right
to receive dividends on the Restricted Stock). 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 Committee determines at the time of the grant of
an Award or thereafter. Except as otherwise provided in an Award Agreement, a Participant shall have none of the rights of a stockholder
with respect to Restricted Stock Units until such time as shares of Common Stock are paid in settlement of such Awards.

 

    10 

     

    

 

(b) Restricted Accounts;
Escrow or Similar Arrangement. Unless otherwise determined by the Committee, upon the grant of Restricted Stock, a book entry in a
restricted account shall be established in the Participant’s name at the Company’s transfer agent and, if the Committee determines
that the Restricted Stock shall be held by the Company or in escrow rather than held in such restricted account pending the release of
the applicable restrictions, the Committee may require the Participant to additionally execute and deliver to the Company (i) an
escrow agreement satisfactory to the Committee, if applicable, and (ii) the appropriate share power (endorsed in blank) with respect
to the Restricted Stock covered by such agreement. If a Participant shall fail to execute an agreement evidencing an Award of Restricted
Stock and, if applicable, an escrow agreement and blank share power within the amount of time specified by the Committee, the Award shall
be null and void ab initio. Subject to the restrictions set forth in this Section 9 and the applicable Award Agreement, the
Participant generally shall have the rights and privileges of a stockholder as to such Restricted Stock, including without limitation
the right to vote such Restricted Stock and the right to receive dividends, if applicable. To the extent shares of Restricted Stock are
forfeited, any share certificates issued to the Participant evidencing such shares shall be returned to the Company, and all rights of
the Participant to such shares and as a stockholder with respect thereto shall terminate without further obligation on the part of the
Company.

 

(c) Vesting; Acceleration
of Lapse of Restrictions. Unless otherwise provided by the Committee in an Award Agreement: (i) the Restricted Period shall lapse
with respect to 100% of the Restricted Stock and Restricted Stock Units on the first anniversary of the Date of Grant; and (ii) the
unvested portion of Restricted Stock and Restricted Stock Units shall terminate and be forfeited upon the termination of employment or
service of the Participant granted the applicable Award.

 

(d) Delivery of Restricted
Stock and Settlement of Restricted Stock Units.

 

(i) Upon the expiration
of the Restricted Period with respect to any shares of Restricted Stock, the restrictions set forth in the applicable Award Agreement
shall be of no further force or effect with respect to such shares, except as set forth in the applicable Award Agreement. If an escrow
arrangement is used, upon such expiration, the Company shall deliver to the Participant, or his beneficiary, without charge, the share
certificate evidencing the shares of Restricted Stock that have not then been forfeited and with respect to which the Restricted Period
has expired (rounded down to the nearest full share). Dividends, if any, that may have been withheld by the Committee and attributable
to any particular share of Restricted Stock shall be distributed to the Participant in cash or, at the sole discretion of the Committee,
in shares of Common Stock having a Fair Market Value equal to the amount of such dividends, upon the release of restrictions on such shares
of Restricted Stock and, if such shares of Restricted Stock are forfeited, the Participant shall have no right to such dividends (except
as otherwise set forth by the Committee in the applicable Award Agreement).

 

(ii) Unless otherwise
provided by the Committee in an Award Agreement, upon the expiration of the Restricted Period with respect to any outstanding Restricted
Stock Units, the Company shall deliver to the Participant, or his beneficiary, without charge, one Common Stock for each such outstanding
Restricted Stock Unit; provided, however, that the Committee may, in its sole discretion and subject to the requirements of Section 409A
of the Code, elect to (i) pay cash or part cash and part shares of Common Stock in lieu of delivering only shares of Common Stock
in respect of such Restricted Stock Units or (ii) defer the delivery of shares of Common Stock (or cash or part shares of Common
Stock and part cash, as the case may be) beyond the expiration of the Restricted Period if such delivery would result in a violation of
applicable law until such time as is no longer the case. If a cash payment is made in lieu of delivering shares of Common Stock, the amount
of such payment shall be equal to the Fair Market Value of the shares of Common Stock as of the date on which the Restricted Period lapsed
with respect to such Restricted Stock Units, less an amount equal to any federal, state, local and non-U.S. income and employment taxes
required to be withheld.

 

    11 

     

    

 

10. Stock Bonus Awards.
The Committee may issue unrestricted shares of Common Stock, or other Awards denominated in shares of Common Stock, under this Plan to
Eligible Persons, either alone or in tandem with other awards, in such amounts as the Committee shall from time to time in its sole discretion
determine. Each Stock Bonus Award granted under this Plan shall be evidenced by an Award Agreement (whether in paper or electronic medium
(including email or the posting on a web site maintained by the Company or a third party under contract with the Company)). Each Stock
Bonus Award so granted shall be subject to such conditions not inconsistent with this Plan as may be reflected in the applicable Award
Agreement.

 

11. Performance Compensation
Awards.

 

(a) Discretion of Committee
with Respect to Performance Compensation Awards. With regard to a particular Performance Period, the Committee shall have sole discretion
to select the length of such Performance Period, the type(s) of Performance Compensation Awards to be issued, the Performance Criteria
that will be used to establish the Performance Goal(s), the kind(s) and/or level(s) of the Performance Goals(s) that is
(are) to apply and the Performance Formula. Within the first 90 calendar days of a Performance Period, the Committee shall, with regard
to the Performance Compensation Awards to be issued for such Performance Period, exercise its discretion with respect to each of the matters
enumerated in the immediately preceding sentence and record the same in writing.

 

(b) [Reserved]

 

(c)Performance
Criteria. The Performance Criteria that will be used to establish the Performance Goal(s) shall be based on the attainment
of specific levels of performance of the Company and/or one or more Affiliates, divisions or operational units, or any combination
of the foregoing, as determined by the Committee, which criteria may be based on one or more of the following business criteria: (i) revenue;
(ii) sales; (iii) profit (net profit, gross profit, operating profit, economic profit, profit margins or other corporate profit
measures); (iv) earnings (EBIT, EBITDA, earnings per share, or other corporate earnings measures); (v) net income (before or
after taxes, operating income or other income measures); (vi) cash (cash flow, cash generation or other cash measures); (vii) stock
price or performance; (viii) total stockholder return (stock price appreciation plus reinvested dividends divided by beginning share
price); (ix) economic value added; (x) return measures (including, but not limited to, return on assets, capital, equity, investments
or sales, and cash flow return on assets, capital, equity, or sales); (xi) market share; (xii) improvements in capital structure;
(xiii) expenses (expense management, expense ratio, expense efficiency ratios or other expense measures); (xiv) business expansion
or consolidation (acquisitions and divestitures); (xv) internal rate of return or increase in net present value; (xvi) working
capital targets relating to inventory and/or accounts receivable; (xvii) inventory management; (xviii) service or product delivery
or quality; (xix) customer satisfaction; (xx) employee retention; (xxi) safety standards; (xxii) productivity measures;
(xxiii) cost reduction measures; and/or (xxiv) strategic plan development and implementation. Any one or more of the Performance
Criteria adopted by the Committee may be used on an absolute or relative basis to measure the performance of the Company and/or one or
more Affiliates as a whole or any business unit(s) of the Company and/or one or more Affiliates or any combination thereof, as the
Committee may deem appropriate, or any of the above Performance Criteria may be compared to the performance of a selected group of comparison
companies, or a published or special index that the Committee, in its sole discretion, deems appropriate, or as compared to various stock
market indices. The Committee also has the authority to provide for accelerated vesting of any Award based on the achievement of Performance
Goals pursuant to the Performance Criteria specified in this paragraph.

 

(d) Modification of
Performance Goal(s). In the event that applicable tax and/or securities laws change to permit Committee discretion to alter the governing
Performance Criteria without obtaining stockholder approval of such alterations, the Committee shall have sole discretion to make such
alterations without obtaining stockholder approval. The Committee is authorized at any time during the first 90 calendar days of a Performance
Period in its sole discretion, to adjust or modify the calculation of a Performance Goal for such Performance Period, based on and in
order to appropriately reflect the following events: (i) asset write-downs; (ii) litigation or claim judgments or settlements;
(iii) the effect of changes in tax laws, accounting principles, or other laws or regulatory rules affecting reported results;
(iv) any reorganization and restructuring programs; (v) extraordinary nonrecurring items as described in Accounting Principles
Board Opinion No. 30 (or any successor pronouncement thereto) and/or in management’s discussion and analysis of financial condition
and results of operations appearing in the Company’s annual report to stockholders for the applicable year; (vi) acquisitions
or divestitures; (vii) any other specific unusual or nonrecurring events, or objectively determinable category thereof; (viii) foreign
exchange gains and losses; and (ix) a change in the Company’s fiscal year.

 

    12 

     

    

 

(e) Payment of Performance
Compensation Awards.

 

(i) Condition to Receipt
of Payment. Unless otherwise provided in the applicable Award Agreement, a Participant must be employed by, or in service to, the
Company on the last day of a Performance Period to be eligible for payment in respect of a Performance Compensation Award for such Performance
Period.

 

(ii) Limitation.
A Participant shall be eligible to receive payment in respect of a Performance Compensation Award only to the extent that: (A) the
Performance Goals for such period are achieved; and (B) all or some of the portion of such Participant’s Performance Compensation
Award has been earned for the Performance Period based on the application of the Performance Formula to such achieved Performance Goals.

 

(iii) Certification.
Following the completion of a Performance Period, the Committee shall review and certify in writing whether, and to what extent, the Performance
Goals for the Performance Period have been achieved and, if so, calculate and certify in writing that amount of the Performance Compensation
Awards earned for the period based upon the Performance Formula. The Committee shall then determine the amount of each Participant’s
Performance Compensation Award actually payable for the Performance Period and, in so doing, may apply Negative Discretion.

 

(iv) Use of Negative
Discretion. In determining the actual amount of an individual Participant’s Performance Compensation Award for a Performance
Period, the Committee may reduce or eliminate the amount of the Performance Compensation Award earned under the Performance Formula in
the Performance Period through the use of Negative Discretion if, in its sole judgment, such reduction or elimination is appropriate.
The Committee shall not have the discretion, except as is otherwise provided in this Plan, to (A) grant or provide payment in respect
of Performance Compensation Awards for a Performance Period if the Performance Goals for such Performance Period have not been attained;
or (B) increase a Performance Compensation Award above the applicable limitations set forth in Section 5 of this Plan.

 

(f) Timing of Award
Payments. Performance Compensation Awards granted for a Performance Period shall be paid to Participants as soon as administratively
practicable following completion of the certifications required by this Section 11, but in no event later than two-and-one-half months
following the end of the fiscal year during which the Performance Period is completed in order to comply with the short-term deferral
rules under Section 1.409A-1(b)(4) of the Treasury Regulations. Notwithstanding the foregoing, payment of a Performance
Compensation Award may be delayed, as permitted by Section 1.409A-2(b)(7)(i) of the Treasury Regulations, to the extent that
the Company reasonably anticipates that if such payment were made as scheduled, the Company’s tax deduction with respect to such
payment would not be permitted due to the application of Section 162(m) of the Code.

 

    13 

     

    

 

12. Changes in Capital
Structure and Similar Events. In the event of (a) any dividend or other distribution (whether in the form of cash, shares of
Common Stock, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, amalgamation,
consolidation, split-up, split-off, combination, repurchase or exchange of shares of Common Stock or other securities of the Company,
issuance of warrants or other rights to acquire shares of Common Stock or other securities of the Company, or other similar corporate
transaction or event (including, without limitation, a Change in Control) that affects the Common Stock, or (b) unusual or nonrecurring
events (including, without limitation, a Change in Control) affecting the Company, any Affiliate, or the financial statements of the Company
or any Affiliate, or changes in applicable rules, rulings, regulations or other requirements of any governmental body or securities exchange
or inter-dealer quotation system, accounting principles or law, such that in either case an adjustment is determined by the Committee
in its sole discretion to be necessary or appropriate in order to prevent dilution or enlargement of rights, then the Committee shall
make any such adjustments that are equitable, including without limitation any or all of the following:

 

(i) adjusting any or
all of (A) the number of shares of Common Stock or other securities of the Company (or number and kind of other securities or other
property) that may be delivered in respect of Awards or with respect to which Awards may be granted under this Plan (including, without
limitation, adjusting any or all of the limitations under Section 5 of this Plan) and (B) the terms of any outstanding Award,
including, without limitation, (1) the number of shares of Common Stock or other securities of the Company (or number and kind of
other securities or other property) subject to outstanding Awards or to which outstanding Awards relate, (2) the Exercise Price
or Strike Price with respect to any Award or (3) any applicable performance measures (including, without limitation, Performance
Criteria and Performance Goals);

 

(ii) subject to the requirements
of Section 409A of the Code, providing for a substitution or assumption of Awards, accelerating the exercisability of, lapse of restrictions
on, or termination of, Awards or providing for a period of time for exercise prior to the occurrence of such event; and

 

(iii) subject to the requirements
of Section 409A of the Code, canceling any one or more outstanding Awards and causing to be paid to the holders thereof, in cash,
shares of Common Stock, other securities or other property, or any combination thereof, the value of such Awards, if any, as determined
by the Committee (which if applicable may be based upon the price per Common Stock received or to be received by other stockholders of
the Company in such event), including without limitation, in the case of an outstanding Option or SAR, a cash payment in an amount equal
to the excess, if any, of the Fair Market Value (as of a date specified by the Committee) of the shares of Common Stock subject to such
Option or SAR over the aggregate Exercise Price or Strike Price of such Option or SAR, respectively (it being understood that, in such
event, any Option or SAR having a per share Exercise Price or Strike Price equal to, or in excess of, the Fair Market Value of a Common
Stock subject thereto may be canceled and terminated without any payment or consideration therefor); provided, however, that in
the case of any “equity restructuring”  (within the meaning of the Financial Accounting Standards
Board Statement of Financial Accounting Standards No. 123 (revised 2004) or ASC Topic 718, or any successor thereto), the Committee
shall make an equitable or proportionate adjustment to outstanding Awards to reflect such equity restructuring. Any adjustment in Incentive
Stock Options under this Section 12 (other than any cancellation of Incentive Stock Options) shall be made only to the extent not
constituting a “modification” within the meaning of Section 424(h)(3) of the Code, and any adjustments under this
Section 12 shall be made in a manner that does not adversely affect the exemption provided pursuant to Rule 16b-3 under the
Exchange Act. The Company shall give each Participant notice of an adjustment hereunder and, upon notice, such adjustment shall be conclusive
and binding for all purposes.

 

13. Effect of Change in
Control. Except to the extent otherwise provided in an Award Agreement, in the event of a Change in Control, notwithstanding any provision
of this Plan to the contrary, with respect to all or any portion of a particular outstanding Award or Awards:

 

(a) all of the then outstanding
Options, SARs and Restricted Stock Units held by an Eligible Director shall immediately vest and become immediately exercisable as of
a time prior to the Change in Control by such Eligible Director (unless otherwise specified in any Award Agreement);

 

(b) the Restricted Period
of any Award to an Eligible Director shall expire as of a time prior to the Change in Control (including without limitation a waiver of
any applicable Performance Goals); and

 

(c) Performance Periods
in effect on the date the Change in Control occurs shall end on such date, and the Committee shall (i) determine the extent to which
Performance Goals with respect to each such Performance Period have been met based upon such audited or unaudited financial information
or other information then available as it deems relevant and (ii) cause the Participant to receive partial or full payment of Awards
for each such Performance Period based upon the Committee’s determination of the degree of attainment of the Performance Goals,
or assuming that the applicable “target” levels of performance have been attained or on such other basis determined by the
Committee. To the extent practicable, any actions taken by the Committee under the immediately preceding clauses (a) through (c) shall
occur in a manner and at a time which allows affected Participants the ability to participate in the Change in Control transactions with
respect to the shares of Common Stock subject to their Awards.

 

    14 

     

    

 

14. Amendments and Termination.

 

(a) Amendment and Termination
of this Plan. The Board may amend, alter, suspend, discontinue, or terminate this Plan or any portion thereof at any time; provided,
that (i) no amendment to the definition of Eligible Person in Section 2(q), Section 5(b), Section 11(b) or Section 14(b) (to
the extent required by the proviso in such Section 14(b)) shall be made without stockholder approval and (ii) no such amendment,
alteration, suspension, discontinuation or termination shall be made without stockholder approval if such approval is necessary to comply
with any tax or regulatory requirement applicable to this Plan (including, without limitation, as necessary to comply with any rules or
requirements of any national securities exchange or inter-dealer quotation system on which the shares of Common Stock may be listed or
quoted or to prevent the Company from being denied a tax deduction under Section 162(m) of the Code); and, provided, further,
that any such amendment, alteration, suspension, discontinuance or termination that would materially and adversely affect the rights of
any Participant or any holder or beneficiary of any Award theretofore granted shall not to that extent be effective without the prior
written consent of the affected Participant, holder or beneficiary.

 

(b) Amendment of Award
Agreements. The Committee may, to the extent consistent with the terms of any applicable Award Agreement, waive any conditions or
rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate, any Award theretofore granted or the associated
Award Agreement, prospectively or retroactively; provided, however that any such waiver, amendment, alteration, suspension, discontinuance,
cancellation or termination that would materially and adversely affect the rights of any Participant with respect to any Award theretofore
granted shall not to that extent be effective without the consent of the affected Participant.

 

15. Right of Repurchase.

 

(a) Repurchase Option;
Termination of Award. Unless otherwise set forth in any applicable Award, if, with respect to a Participant, any of the events specified
in Section 15(b) below occur, then, within twelve (12) months after the Company receives actual knowledge of the event (the
 “Repurchase Period”), the Company shall have the right, but not the obligation, to repurchase from the Participant,
or his or her legal representative, as the case may be, all or a portion of the shares of Common Stock acquired pursuant to an Award by
the Participant, regardless of whether such Participant is then still employed or engaged by, or otherwise has a relationship with the
Company (the “Repurchase Option”). The Repurchase Option shall be exercised by the Company by giving the Participant,
or his or her legal representative, written notice of its intention to exercise the Repurchase Option on or before the last day of the
Repurchase Period.

 

The Company may exercise its
Repurchase Option by tendering to the Participant, or his or her legal representative, or delivering to an escrow account for the benefit
of the Participant, or his or legal representative, an amount equal to the price originally paid by the Participant to the Company, subject
to adjustment as provided herein, for each share of Common Stock to be repurchased by the Company hereunder. Upon timely exercise of the
Repurchase Option in the manner provided in this Section 15(a), the Participant, or his or her legal representative, shall deliver
to the Company the stock certificate or certificates representing the shares purchased by the Participant under this Plan, as set forth
in (i) and (ii) above, and to be repurchased by the Company hereunder, duly endorsed and free and clear of any and all liens,
charges and encumbrances. If the Participant shall fail to deliver such stock certificate or certificates, the Company shall be entitled
to instruct its transfer agent to take such action as may be necessary to remove the requisite number of shares of Common Stock registered
in the name of the Participant from the books and records of the Company. The Repurchase Option and any right of the Company to payment
pursuant to Section 15 hereof shall be a right of the Company in addition to any and all other rights of the Company and remedies
available to the Company, whether at law or in equity. Furthermore, upon the Company receiving actual knowledge of the occurrence of any
of the events specified in Section 15(b) below, all Awards to acquire Common Stock granted to such Participant shall immediately
terminate and shall thereupon not be exercisable to any extent whatsoever. The Board or, in the case of an employee that is not an executive
officer, the President may waive or modify the provisions of this Section with respect to any individual Participant, with regard
to the facts and circumstances of any particular situation involving a determination under this Section.

 

    15 

     

    

 

(b) Triggering Events.
The Company shall have the Repurchase Option in the event that any events for Cause shall occur, as determined in good faith by the Board.

 

(c) Repurchase Price.
In the event that at the time the Company wishes to exercise its Repurchase Option, the Participant ceases to own a sufficient number
of shares of Common Stock acquired by him or her under the Plan to satisfy the Company’s Repurchase Option, in addition to performing
any obligations necessary to satisfy the Company’s exercise of its Repurchase Option of those shares of Common Stock available for
repurchase, the Participant shall be required to deliver to the Company, for each share of Common Stock that is the subject of the Repurchase
Option and is not available for repurchase as it has been sold or transferred, an aggregate cash amount, if positive, equal to the difference
between the Fair Market Value of each share of Common Stock sold or transferred by the Participant and the price originally paid by the
Participant to the Company for each such share of Common Stock so sold or transferred by the Participant, as adjusted. The Fair Market
Value of each share of Common Stock sold or transferred by the Participant shall be determined as of the date of such sale or transfer.

 

16. General.

 

(a) Award Agreements.
Each Award under this Plan shall be evidenced by an Award Agreement, which shall be delivered to the Participant (whether in paper or
electronic medium (including email or the posting on a web site maintained by the Company or a third party under contract with the Company))
and shall specify the terms and conditions of the Award and any rules applicable thereto, including without limitation, the effect
on such Award of the death, Disability or termination of employment or service of a Participant, or of such other events as may be determined
by the Committee. The Company’s failure to specify any term of any Award in any particular Award Agreement shall not invalidate
such term, provided such terms was duly adopted by the Board or the Committee.

 

(b) Nontransferability;
Trading Restrictions.

 

(i) Each Award shall
be exercisable only by a Participant during the Participant’s lifetime, or, if permissible under applicable law, by the Participant’s
legal guardian or representative. No Award may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered
by a Participant other than by will or by the laws of descent and distribution and any such purported assignment, alienation, pledge,
attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or an Affiliate; provided that the designation
of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance.

 

(ii) Notwithstanding
the foregoing, the Committee may, in its sole discretion, permit Awards (other than Incentive Stock Options) to be transferred by a Participant,
with or without consideration, subject to such rules as the Committee may adopt consistent with any applicable Award Agreement to
preserve the purposes of this Plan, to: (A) any person who is a “family member” of the Participant, as such term is used
in the instructions to Form S-8 under the Securities Act (collectively, the “Immediate Family Members”); (B) a
trust solely for the benefit of the Participant and his or her Immediate Family Members; or (C) a partnership or limited liability
company whose only partners or stockholders are the Participant and his or her Immediate Family Members; or (D) any other transferee
as may be approved either (I) by the Board or the Committee in its sole discretion, or (II) as provided in the applicable Award
Agreement (each transferee described in clauses (A), (B), (C) and (D) above is hereinafter referred to as a “Permitted
Transferee”); provided, that the Participant gives the Committee advance written notice describing the terms and conditions
of the proposed transfer and the Committee notifies the Participant in writing that such a transfer would comply with the requirements
of this Plan.

 

(iii) The terms of any
Award transferred in accordance with subparagraph (ii) above shall apply to the Permitted Transferee and any reference in this Plan,
or in any applicable Award Agreement, to a Participant shall be deemed to refer to the Permitted Transferee, except that (A) Permitted
Transferees shall not be entitled to transfer any Award, other than by will or the laws of descent and distribution; (B) Permitted
Transferees shall not be entitled to exercise any transferred Option unless there shall be in effect a registration statement on an appropriate
form covering the shares of Common Stock to be acquired pursuant to the exercise of such Option if the Committee determines, consistent
with any applicable Award Agreement, that such a registration statement is necessary or appropriate; (C) the Committee or the Company
shall not be required to provide any notice to a Permitted Transferee, whether or not such notice is or would otherwise have been required
to be given to the Participant under this Plan or otherwise; and (D) the consequences of the termination of the Participant’s
employment by, or services to, the Company or an Affiliate under the terms of this Plan and the applicable Award Agreement shall continue
to be applied with respect to the Participant, including, without limitation, that an Option shall be exercisable by the Permitted Transferee
only to the extent, and for the periods, specified in this Plan and the applicable Award Agreement.

 

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(iv) The Committee shall
have the right, either on an Award-by-Award basis or as a matter of policy for all Awards or one or more classes of Awards, to condition
the delivery of vested shares of Common Stock received in connection with such Award on the Participant’s agreement to such restrictions
as the Committee may determine.

 

(c) Tax Withholding.

 

(i) A Participant shall
be required to pay to the Company or any Affiliate, or the Company or any Affiliate shall have the right and is hereby authorized to withhold,
from any cash, shares of Common Stock, other securities or other property deliverable under any Award or from any compensation or other
amounts owing to a Participant, the amount (in cash, shares of Common Stock, other securities or other property) of any required withholding
taxes in respect of an Award, its exercise, or any payment or transfer under an Award or under this Plan and to take such other action
as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding and
taxes. In addition, the Committee, in its discretion, may make arrangements mutually agreeable with a Participant who is not an employee
of the Company or an Affiliate to facilitate the payment of applicable income and self-employment taxes.

 

(ii) Without limiting
the generality of clause (i) above, the Committee may, in its sole discretion, permit a Participant to satisfy, in whole or in part,
the foregoing withholding liability by (A) the delivery of shares of Common Stock (which are not subject to any pledge or other security
interest) owned by the Participant having a fair market value equal to such withholding liability or (B) having the Company withhold
from the number of shares of Common Stock otherwise issuable or deliverable pursuant to the exercise or settlement of the Award a number
of shares with a fair market value equal to such withholding liability (but no more than the maximum individual statutory rate for the
applicable tax jurisdiction).

 

(d) No Claim to Awards;
No Rights to Continued Employment; Waiver. No employee of the Company or an Affiliate, or other person, shall have any claim or right
to be granted an Award under this Plan or, having been selected for the grant of an Award, to be selected for a grant of any other Award.
There is no obligation for uniformity of treatment of Participants or holders or beneficiaries of Awards. The terms and conditions of
Awards and the Committee’s determinations and interpretations with respect thereto need not be the same with respect to each Participant
and may be made selectively among Participants, whether or not such Participants are similarly situated. Neither this Plan nor any action
taken hereunder shall be construed as giving any Participant any right to be retained in the employ or service of the Company or an Affiliate,
nor shall it be construed as giving any Participant any rights to continued service on the Board. The Company or any of its Affiliates
may at any time dismiss a Participant from employment or discontinue any consulting relationship, free from any liability or any claim
under this Plan, unless otherwise expressly provided in this Plan or any Award Agreement. By accepting an Award under this Plan, a Participant
shall thereby be deemed to have waived any claim to continued exercise or vesting of an Award or to damages or severance entitlement related
to non-continuation of the Award beyond the period provided under this Plan or any Award Agreement, notwithstanding any provision to the
contrary in any written employment contract or other agreement between the Company and its Affiliates and the Participant, whether any
such agreement is executed before, on or after the Date of Grant.

 

(e) International Participants.
With respect to Participants who reside or work outside of the United States of America and who are not (and who are not expected to be)
 “covered employees” within the meaning of Section 162(m) of the Code, the Committee may in its sole discretion amend
the terms of this Plan or outstanding Awards (or establish a sub-plan) with respect to such Participants in order to conform such terms
with the requirements of local law or to obtain more favorable tax or other treatment for such Participants, the Company or its Affiliates.

 

    17 

     

    

 

(f) Designation and
Change of Beneficiary. Each Participant may file with the Committee a written designation of one or more persons as the beneficiary(ies)
who shall be entitled to receive the amounts payable with respect to an Award, if any, due under this Plan upon his or her death. A Participant
may, from time to time, revoke or change his or her beneficiary designation without the consent of any prior beneficiary by filing a new
designation with the Committee. The last such designation filed with the Committee shall be controlling; provided, however, that
no designation, or change or revocation thereof, shall be effective unless received by the Committee prior to the Participant’s
death, and in no event shall it be effective as of a date prior to such receipt. If no beneficiary designation is filed by a Participant,
the beneficiary shall be deemed to be his or her spouse or, if the Participant is unmarried at the time of death, his or her estate. Upon
the occurrence of a Participant’s divorce (as evidenced by a final order or decree of divorce), any spousal designation previously
given by such Participant shall automatically terminate.

 

(g) Termination of Employment/Service.
Unless determined otherwise by the Committee at any point following such event: (i) neither a temporary absence from employment or
service due to illness, vacation or leave of absence nor a transfer from employment or service with the Company to employment or service
with an Affiliate (or vice-versa) shall be considered a termination of employment or service with the Company or an Affiliate; and (ii) if
a Participant’s employment with the Company and its Affiliates terminates, but such Participant continues to provide services to
the Company and its Affiliates in a non-employee capacity (or vice-versa), such change in status shall not be considered a termination
of employment with the Company or an Affiliate for purposes of this Plan unless the Committee, in its discretion, determines otherwise.

 

(h) No Rights as a Stockholder.
Except as otherwise specifically provided in this Plan or any Award Agreement, no person shall be entitled to the privileges of ownership
in respect of shares of Common Stock that are subject to Awards hereunder until such shares have been issued or delivered to that person.

 

(i) Government and Other
Regulations.

 

(i) The obligation of
the Company to settle Awards in shares of Common Stock or other consideration shall be subject to all applicable laws, rules, and regulations,
and to such approvals by governmental agencies as may be required. Notwithstanding any terms or conditions of any Award to the contrary,
the Company shall be under no obligation to offer to sell or to sell, and shall be prohibited from offering to sell or selling, any shares
of Common Stock pursuant to an Award unless such shares have been properly registered for sale pursuant to the Securities Act with the
Securities and Exchange Commission or unless the Company has received an opinion of counsel, satisfactory to the Company, that such shares
may be offered or sold without such registration pursuant to an available exemption therefrom and the terms and conditions of such exemption
have been fully complied with. The Company shall be under no obligation to register for sale under the Securities Act any of the shares
of Common Stock to be offered or sold under this Plan. The Committee shall have the authority to provide that all certificates for shares
of Common Stock or other securities of the Company or any Affiliate delivered under this Plan shall be subject to such stop transfer orders
and other restrictions as the Committee may deem advisable under this Plan, the applicable Award Agreement, the federal securities laws,
or the rules, regulations and other requirements of the Securities and Exchange Commission, any securities exchange or inter-dealer quotation
system upon which such shares or other securities are then listed or quoted and any other applicable federal, state, local or non-U.S.
laws, and, without limiting the generality of Section 9 of this Plan, the Committee may cause a legend or legends to be put on any
such certificates to make appropriate reference to such restrictions. Notwithstanding any provision in this Plan to the contrary, the
Committee reserves the right to add any additional terms or provisions to any Award granted under this Plan that it in its sole discretion
deems necessary or advisable in order that such Award complies with the legal requirements of any governmental entity to whose jurisdiction
the Award is subject.

 

    18 

     

    

 

(ii) The Committee may
cancel an Award or any portion thereof if it determines, in its sole discretion, that legal or contractual restrictions and/or blockage
and/or other market considerations would make the Company’s acquisition of shares of Common Stock from the public markets, the
Company’s issuance of shares of Common Stock to the Participant, the Participant’s acquisition of shares of Common Stock
from the Company and/or the Participant’s sale of shares of Common Stock to the public markets, illegal, impracticable or inadvisable.
If the Committee determines to cancel all or any portion of an Award in accordance with the foregoing, unless doing so would violate
Section 409A of the Code, the Company shall pay to the Participant an amount equal to the excess of (A) the aggregate Fair
Market Value of the shares of Common Stock subject to such Award or portion thereof canceled (determined as of the applicable exercise
date, or the date that the shares would have been vested or delivered, as applicable), over (B) the aggregate Exercise Price or
Strike Price (in the case of an Option or SAR, respectively) or any amount payable as a condition of delivery of shares of Common Stock
(in the case of any other Award). Such amount shall be delivered to the Participant as soon as practicable following the cancellation
of such Award or portion thereof. The Committee shall have the discretion to consider and take action to mitigate the tax consequence
to the Participant in cancelling an Award in accordance with this clause.

 

(j) Payments to Persons
Other Than Participants. If the Committee shall find that any person to whom any amount is payable under this Plan is unable to care
for his affairs because of illness or accident, or is a minor, or has died, then any payment due to such person or his estate (unless
a prior claim therefor has been made by a duly appointed legal representative) may, if the Committee so directs the Company, be paid to
his spouse, child, relative, an institution maintaining or having custody of such person, or any other person deemed by the Committee
to be a proper recipient on behalf of such person otherwise entitled to payment. Any such payment shall be a complete discharge of the
liability of the Committee and the Company therefor.

 

(k) Nonexclusivity of
this Plan. Neither the adoption of this Plan by the Board nor the submission of this Plan to the stockholders of the Company for approval
shall be construed as creating any limitations on the power of the Board to adopt such other incentive arrangements as it may deem desirable,
including, without limitation, the granting of stock options or other equity-based awards otherwise than under this Plan, and such arrangements
may be either applicable generally or only in specific cases.

 

(l) No Trust or Fund Created.
Neither this Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship
between the Company or any Affiliate, on the one hand, and a Participant or other person or entity, on the other hand. No provision of
this Plan or any Award shall require the Company, for the purpose of satisfying any obligations under this Plan, to purchase assets or
place any assets in a trust or other entity to which contributions are made or otherwise to segregate any assets, nor shall the Company
maintain separate bank accounts, books, records or other evidence of the existence of a segregated or separately maintained or administered
fund for such purposes. Participants shall have no rights under this Plan other than as general unsecured creditors of the Company, except
that insofar as they may have become entitled to payment of additional compensation by performance of services, they shall have the same
rights as other employees under general law.

 

(m) Reliance on Reports.
Each member of the Committee and each member of the Board shall be fully justified in acting or failing to act, as the case may be, and
shall not be liable for having so acted or failed to act in good faith, in reliance upon any report made by the independent public accountant
of the Company and/or its Affiliates and/or any other information furnished in connection with this Plan by any agent of the Company or
the Committee or the Board, other than himself.

 

(n) Relationship to
Other Benefits. No payment under this Plan shall be taken into account in determining any benefits under any pension, retirement,
profit sharing, group insurance or other benefit plan of the Company except as otherwise specifically provided in such other plan.

 

(o) Governing Law.
The Plan shall be governed by and construed in accordance with the internal laws of the State of Delaware, without giving effect to the
conflict of laws provisions.

 

(p) Severability.
If any provision of this Plan or any Award or Award Agreement is or becomes or is deemed to be invalid, illegal, or unenforceable in any
jurisdiction or as to any person or entity or Award, or would disqualify this Plan or any Award under any law deemed applicable by the
Committee, such provision shall be construed or deemed amended to conform to the applicable laws in the manner that most closely reflects
the original intent of the Award or the Plan, or if it cannot be construed or deemed amended without, in the determination of the Committee,
materially altering the intent of this Plan or the Award, such provision shall be construed or deemed stricken as to such jurisdiction,
person or entity or Award and the remainder of this Plan and any such Award shall remain in full force and effect.

 

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(q) Obligations Binding
on Successors. The obligations of the Company under this Plan shall be binding upon any successor corporation or organization resulting
from the merger, amalgamation, consolidation or other reorganization of the Company, or upon any successor corporation or organization
succeeding to substantially all of the assets and business of the Company.

 

(r) Expenses; Gender;
Titles and Headings. The expenses of administering this Plan shall be borne by the Company and its Affiliates. Masculine pronouns
and other words of masculine gender shall refer to both men and women. The titles and headings of the sections in this Plan are for convenience
of reference only, and in the event of any conflict, the text of this Plan, rather than such titles or headings shall control.

 

(s) Other Agreements.
Notwithstanding the above, the Committee may require, as a condition to the grant of and/or the receipt of shares of Common Stock under
an Award, that the Participant execute lock-up, stockholder or other agreements, as it may determine in its sole and absolute discretion.

 

(t) Section 409A.
The Plan and all Awards granted hereunder are intended to comply with, or otherwise be exempt from, the requirements of Section 409A
of the Code. The Plan and all Awards granted under this Plan shall be administered, interpreted, and construed in a manner consistent
with Section 409A of the Code to the extent necessary to avoid the imposition of additional taxes under Section 409A(a)(1)(B) of
the Code. Notwithstanding anything in this Plan to the contrary, in no event shall the Committee exercise its discretion to accelerate
the payment or settlement of an Award where such payment or settlement constitutes deferred compensation within the meaning of Section 409A
of the Code unless, and solely to the extent that, such accelerated payment or settlement is permissible under Section 1.409A-3(j)(4) of
the Treasury Regulations. If a Participant is a “specified employee”  (within the meaning of
Section 1.409A-1(i) of the Treasury Regulations) at any time during the twelve (12)-month period ending on the date of his termination
of employment, and any Award hereunder subject to the requirements of Section 409A of the Code is to be satisfied on account of the
Participant’s termination of employment, satisfaction of such Award shall be suspended until the date that is six (6) months
after the date of such termination of employment.

 

(u) Payments. Participants
shall be required to pay, to the extent required by applicable law, any amounts required to receive shares of Common Stock under any Award
made under this Plan.

 

*      *      *

 

    20

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