Document:

exhibit10

             July 18, 2022      Steven W. Schnur  7419 Washington Blvd.  Indianapolis, IN  46240    Dear Steve:     The purpose of this letter (this “Letter”) is to amend, effective as of the date this Letter is  fully executed, that certain executive severance letter agreement between Duke Realty  Corporation (the “Company”) and you, dated as of January 30, 2019 (the “Severance  Agreement”), as set forth below, in order to provide you with healthcare and financial advisory  stipends in connection with a termination of your employment for any reason other than For Cause  or death, regardless of whether you are Eligible for Retirement upon your termination of  employment.  Capitalized terms used herein and not otherwise defined herein shall have the  meanings ascribed thereto in the Severance Agreement.      1. The first paragraph of Paragraph F of the Severance Agreement is hereby deleted in  its entirety and the following substituted in lieu thereof:    In the event your employment terminates for any reason other than For Cause or death,  you will be entitled to receive, in addition to any separation benefits from the Company under  Paragraphs A, C, D or E above, payments totaling an amount equal to the sum of (i) a thirty-six  (36) month Healthcare Stipend, plus (ii) a thirty-six (36) month Financial Advisory Stipend. These  stipend payments will be made in installments at the same time as your separation benefits. The  Company will withhold from any amounts payable all legally required federal, state, city and local  taxes.    2. The second paragraph of Paragraph F of the Severance Agreement is deleted in its  entirety.      Except as modified by this Letter, the terms and conditions of the Severance Agreement  shall remain unmodified and in full force and effect.  This Letter shall be governed by and  construed and enforced in accordance with the internal laws of the State of Indiana (but not  including any choice of law rule thereof that would cause the laws of another jurisdiction to apply).   This Letter may be executed in one or more counterparts, each of which shall be deemed an  original and all of which taken together shall constitute one and the same instrument.  Please  acknowledge your understanding of and agreement to the foregoing by signing this Letter in the  space provided below and returning a signed copy to me.            Exhibit 10.1 

 

Page 2            Sincerely,           DUKE REALTY CORPORATION      By:/s/ James B. Connor                James B. Connor                Chairman and Chief Executive Officer                       Date: July 18, 2022        ACKNOWLEDGED AND AGREED:      /s/ Stephen W. Schnur  Steven W. Schnur      Date: July 18, 2022Exhibit 10.1 

 

Dragon
Victory International Limited

 

2022 PERFORMANCE INCENTIVE PLAN

 

		1.	PURPOSE OF PLAN

 

The purpose of this Dragon Victory International
Limited 2022 Performance Incentive Plan (this “Plan”) of Dragon Victory International Limited, an exempted company
organized under the Companies Law of the Cayman Islands, and its successors (the “Company”), is to promote the success
of the Company and to increase shareholder value by providing an additional means, through the grant of awards to attract, motivate, retain
and reward selected employees and other eligible persons and to enhance the alignment of the interests of the selected participants with
the interests of the Company’s shareholders.

 

		2.	ELIGIBILITY

 

The Administrator (as such term is defined
in Section 3.1) may grant awards under this Plan only to those persons that the Administrator determines to be Eligible Persons. An “Eligible
Person” is any person who is either: (a) an officer (whether or not a director) or employee of the Company or one of its Subsidiaries;
(b) a director of the Company or one of its Subsidiaries; or (c) an individual consultant or advisor who renders or has rendered bona
fide services (other than services in connection with the offering or sale of securities of the Company or one of its Subsidiaries in
a capital-raising transaction or as a market maker or promoter of securities of the Company or one of its Subsidiaries) to the Company
or one of its Subsidiaries and who is selected to participate in this Plan by the Administrator; provided, however, that a person who
is otherwise an Eligible Person under clause (c) above may participate in this Plan only if such participation would not adversely affect
the Company’s eligibility to use Form S-8 to register under the Securities Act of 1933, as amended (the “Securities Act”),
the offering and sale of shares issuable under this Plan by the Company, or the Company’s compliance with any applicable laws. An
Eligible Person who has been granted an award (a “participant”) may, if otherwise eligible, be granted additional awards if
the Administrator shall so determine. As used herein, “Subsidiary” means any corporation or other entity a majority
of whose outstanding voting shares or voting power is beneficially owned directly or indirectly by the Company; and “Board”
means the Board of Directors of the Company.

 

		3.	PLAN ADMINISTRATION

 

		3.1	The Administrator. This Plan shall be administered, and all awards under this Plan shall be authorized, by the Administrator.
The “Administrator” means the Board or one or more committees (or subcommittees, as the case may be) appointed by the
Board or another committee (within its delegated authority) to administer all or certain aspects of this Plan. Any such committee shall
be comprised solely of one or more directors or such number of directors as may be required under applicable law. A committee may delegate
some or all of its authority to another committee so constituted. The Board or a committee comprised solely of directors may also delegate,
to the extent permitted by applicable law, to one or more officers of the Company, its authority under this Plan. The Board may delegate
different levels of authority to different committees with administrative and grant authority under this Plan. Unless otherwise provided
in the organizing documents of the Company or applicable charter of any Administrator: (a) a majority of the members of the acting Administrator
shall constitute a quorum, and (b) the vote of a majority of the members present, assuming the presence of a quorum or the unanimous written
consent of the members of the Administrator, shall constitute action by the acting Administrator.

 

     

     

    

 

Award grants, and transactions in or involving
awards, intended to be exempt under Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
must be duly and timely authorized by the Board or a committee consisting solely of two or more non-employee directors (as this requirement
is applied under Rule 16b-3 promulgated under the Exchange Act). To the extent required by any applicable listing agency, this Plan shall
be administered by a committee composed entirely of independent directors (within the meaning of the applicable listing agency).

 

		3.2	Powers of the Administrator. Subject to the express provisions of this Plan, the Administrator is authorized and empowered
to do all things necessary or desirable in connection with the authorization of awards and the administration of this Plan (in the case
of a committee or delegation to one or more officers, within any express limits on the authority delegated to that committee or person(s)),
including, without limitation, the authority to:

 

		(a)	determine eligibility and, from among those persons determined to be eligible, determine the particular Eligible Persons who will
receive an award under this Plan;

 

		(b)	grant awards to Eligible Persons, determine the price (if any) at which securities will be offered or awarded and the number of securities
to be offered or awarded to any of such persons (in the case of securities-based awards), determine the other specific terms and conditions
of awards consistent with the express limits of this Plan, establish the installment(s) (if any) in which such awards shall become exercisable
or shall vest (which may include, without limitation, performance and/or time-based schedules), or determine that no delayed exercisability
or vesting is required, establish any applicable performance-based exercisability or vesting requirements, determine the circumstances
in which any performance-based goals (or the applicable measure of performance) will be adjusted and the nature and impact of any such
adjustment, determine the extent (if any) to which any applicable exercise and vesting requirements have been satisfied, establish the
events (if any) on which exercisability or vesting may accelerate (which may include, without limitation, retirement and other specified
terminations of employment or services, or other circumstances), and establish the events (if any) of termination, expiration or rescission
of such awards;

 

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		(c)	approve the forms of any award agreements (which need not be identical either as to type of award or among participants);

 

		(d)	construe and interpret this Plan and any agreements defining the rights and obligations of the Company, its Subsidiaries, and participants
under this Plan, make any and all determinations under this Plan and any such agreements, further define the terms used in this Plan,
and prescribe, amend and rescind rules and regulations relating to the administration of this Plan or the awards granted under this Plan;

 

		(e)	cancel, modify, or waive the Company’s rights with respect to, or modify, discontinue, suspend, or terminate any or all outstanding
awards, subject to any required consent under Section 8.6.5;

 

		(f)	accelerate, waive or extend the vesting or exercisability, or modify or extend the term of any or all such outstanding awards (in
the case of options or share appreciation rights, within the maximum ten-year term of such awards) in such circumstances as the Administrator
may deem appropriate (including, without limitation, in connection with a retirement or other termination of employment or services, or
other circumstances) subject to any required consent under Section 8.6.5;

 

		(g)	adjust the number of Ordinary Shares (as defined below)
subject to any award, adjust the price of any or all outstanding awards or otherwise waive or change previously imposed terms and conditions,
in such circumstances as the Administrator may deem appropriate, in each case subject to Sections 4 and 8.6; 

 

		(h)	determine the date of grant of an award, which may be a designated date after but not before the date of the Administrator’s
action to approve the award (unless otherwise designated by the Administrator, the date of grant of an award shall be the date upon which
the Administrator took the action approving the award);

 

		(i)	determine whether, and the extent to which, adjustments are required pursuant to Section 7.1 hereof and take any other actions contemplated
by Section 7 in connection with the occurrence of an event of the type described in Section 7;

 

		(j)	acquire or settle (subject to Sections 7 and 8.6) rights under awards in cash, shares of equivalent value, or other consideration;

 

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		(k)	determine the fair market value of the Ordinary Shares or awards under this Plan from time to time and/or the manner in which such
value will be determined; and

 

		(l)	implement any procedures, steps or additional or different requirements as may be necessary to comply with any laws of the People’s
Republic of China (the “PRC”) that may be applicable to this Plan, any Option or any related documents, including,
but not limited to, foreign exchange laws, tax laws and securities laws of the PRC.

 

		3.3	Binding Determinations. Any determination or other action taken by, or inaction of, the Company, any Subsidiary, or
the Administrator relating or pursuant to this Plan (or any award made under this Plan) and within its authority hereunder or under applicable
law shall be within the absolute discretion of that entity or body and shall be conclusive and binding upon all persons. Neither the Board
nor any Board committee, nor any member thereof or person acting at the direction thereof, shall be liable for any act, omission, interpretation,
construction or determination made in good faith in connection with this Plan (or any award made under this Plan), and all such persons
shall be entitled to indemnification and reimbursement by the Company in respect of any claim, loss, damage or expense (including, without
limitation, attorneys’ fees) arising or resulting therefrom to the fullest extent permitted by law and/or under any directors and
officers liability insurance coverage that may be in effect from time to time. Neither the Board nor any other Administrator, nor any
member thereof or person acting at the direction thereof, nor the Company or any of its Subsidiaries, shall be liable for any damages
of a participant should an option intended as an ISO (as defined below) fail to meet the requirements of the Internal Revenue Code of
1986, as amended (the “Code”), applicable to ISOs, should any other award(s) fail to qualify for any intended tax treatment,
should any award grant or other action with respect thereto not satisfy Rule 16b-3 promulgated under the Securities Exchange Act of 1934,
as amended, or otherwise for any tax or other liability imposed on a participant with respect to an award.

 

		3.4	Reliance on Experts. In making any determination or in taking or not taking any action under this Plan, the Administrator
may obtain and may rely upon the advice of experts, including employees and professional advisors to the Company. No director, officer
or agent of the Company or any of its Subsidiaries shall be liable for any such action or determination taken or made or omitted in good
faith.

 

		3.5	Delegation. The Administrator may delegate ministerial, non-discretionary functions to individuals who are officers
or employees of the Company or any of its Subsidiaries or to third parties.

 

		3.6	Option and SAR Repricing. Subject to Section 4 and Section 8.6.5, the Administrator, from time to time and
in its sole discretion, may provide for (1) the amendment of any outstanding share option or SAR (as defined below) to reduce the exercise
price or base price of the award, (2) the cancellation, exchange, or surrender of an outstanding share option or SAR in exchange for cash
or other awards (for the purpose of repricing the award or otherwise), or (3) the cancellation, exchange, or surrender of an outstanding
share option or SAR in exchange for an option or SAR with an exercise or base price that is less than the exercise or base price of the
original award. For avoidance of doubt, the Administrator may take any or all of the foregoing actions under this Section 3.6 without
shareholder approval.

 

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		4.	ORDINARY SHARES SUBJECT TO THE PLAN; SHARE LIMITS

 

		4.1	Shares Available. Subject to the provisions of Section 7.1, the shares that may be delivered under this Plan shall be
shares of the Company’s authorized but unissued Ordinary Shares and any Ordinary Shares held as treasury shares. For purposes of
this Plan, “Ordinary Shares” shall mean the ordinary shares of the Company and such other securities or property as
may become the subject of awards under this Plan, or may become subject to such awards, pursuant to an adjustment made under Section 7.1.

 

		4.2	Share Limits. The maximum number of Ordinary Shares that may be delivered pursuant to awards granted to Eligible Persons
under this Plan (the “Share Limit”) is equal to 3,300,000 Ordinary Shares.

 

The foregoing numerical limit is subject
to adjustment as contemplated by Section 4.4, Section 7.1, and Section 8.10.

 

		4.3	ISO Share Limit.  The maximum number of Ordinary Shares that may be delivered pursuant to options qualified as ISO (as defined
below) granted under this Plan is 3,300,000 shares. 

 

		4.4	Awards Settled in Cash, Reissue of Awards and Shares. To the extent that an award granted under this Plan is settled
in cash or a form other than Ordinary Shares, the shares that would have been delivered had there been no such cash or other settlement
shall not be counted against the shares available for issuance under this Plan. In the event that Ordinary Shares are delivered in respect
of a dividend equivalent right granted under this Plan, the number of shares delivered with respect to the award shall be counted against
the share limits of this Plan (including, for purposes of clarity, the limits of Section 4.2 of this Plan). (For purposes of clarity,
if 1,000 dividend equivalent rights are granted and outstanding when the Company pays a dividend, and 50 shares are delivered in payment
of those rights with respect to that dividend, 50 shares shall be counted against the share limits of this Plan). Shares that are subject
to or underlie awards granted under this Plan which expire or for any reason are cancelled or terminated, are forfeited, fail to vest,
or for any other reason are not paid or delivered under this Plan shall not be counted against the share limit and shall be available
for subsequent awards under this Plan. Shares that are exchanged by a participant or withheld by the Company as full or partial payment
in connection with any award under this Plan, as well as any shares exchanged by a participant or withheld by the Company or one of its
Subsidiaries to satisfy the tax withholding obligations related to any award, shall not be available for subsequent awards under this
Plan.

 

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		4.5	Reservation of Shares; No Fractional Shares; Minimum Issue. Unless otherwise expressly provided by the Administrator,
no fractional shares shall be delivered under this Plan. The Administrator may pay cash in lieu of any fractional shares in settlements
of awards under this Plan. The Administrator may from time to time impose a limit (of not greater than 100 shares) on the minimum number
of shares that may be purchased or exercised as to awards (or any particular award) granted under this Plan unless (as to any particular
award) the total number purchased or exercised is the total number at the time available for purchase or exercise under the award.

 

		5.	AWARDS

 

		5.1	Type and Form of Awards. The Administrator shall determine the type or types of award(s) to be made to each selected
Eligible Person. Awards may be granted singly, in combination or in tandem. Awards also may be made in combination or in tandem with,
in replacement of, as alternatives to, or as the payment form for grants or rights under any other employee or compensation plan of the
Company or one of its Subsidiaries. The types of awards that may be granted under this Plan are:

 

5.1.1 Share
Options. A share option is the grant of a right to purchase a specified number of Ordinary Shares during a specified period as
determined by the Administrator. An option may be intended as an incentive stock option within the meaning of Section 422 of Code (an
“ISO”) or a nonqualified stock option (an option not intended to be an ISO). The agreement evidencing the grant of
an option will indicate if the option is intended as an ISO; otherwise it will be deemed to be a nonqualified stock option. The maximum
term of each option (ISO or nonqualified) shall be ten (10) years. The per share exercise price for each option shall be determined by
the Administrator and set forth in the applicable award agreement. When an option is exercised, the exercise price for the shares to be
purchased shall be paid in full in cash or such other method permitted by the Administrator consistent with Section 5.5.

 

5.1.2 Additional
Rules Applicable to ISOs. To the extent that the aggregate fair market value (determined at the time of grant of the applicable
option) of shares with respect to which ISOs first become exercisable by a participant in any calendar year exceeds $100,000, taking into
account both Ordinary Shares subject to ISOs under this Plan and shares subject to ISOs under all other plans of the Company or one of
its Subsidiaries (or any parent or predecessor corporation to the extent required by and within the meaning of Section 422 of the Code
and the regulations promulgated thereunder), such options shall be treated as nonqualified stock options. In reducing the number of options
treated as ISOs to meet the $100,000 limit, the most recently granted options shall be reduced first. To the extent a reduction of simultaneously
granted options is necessary to meet the $100,000 limit, the Administrator may, in the manner and to the extent permitted by law, designate
which Ordinary Shares are to be treated as shares acquired pursuant to the exercise of an ISO. ISOs may only be granted to employees of
the Company or one of its subsidiaries (for this purpose, the term “subsidiary” is used as defined in Section 424(f) of the
Code, which generally requires an unbroken chain of ownership of at least 50% of the total combined voting power of all classes of shares
of each subsidiary in the chain beginning with the Company and ending with the subsidiary in question). There shall be imposed in any
award agreement relating to ISOs such other terms and conditions as from time to time are required in order that the option be an “incentive
stock option” as that term is defined in Section 422 of the Code. The per share exercise price for each ISO shall be not less than
100% of the fair market value of an Ordinary Share on the date of grant of the option. Furthermore, no ISO may be granted to any person
who, at the time the option is granted, owns (or is deemed to own under Section 424(d) of the Code) outstanding Ordinary Shares possessing
more than 10% of the total combined voting power of all classes of shares of the Company, unless the exercise price of such option is
at least 110% of the fair market value of the shares subject to the option and such option by its terms is not exercisable after the expiration
of five years from the date such option is granted. If an otherwise-intended ISO fails to meet the applicable requirements of Section
422 of the Code, the option shall be a nonqualified stock option.

 

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5.1.3 Share
Appreciation Rights. A share appreciation right or “SAR” is a right to receive a payment, in cash and/or Ordinary
Shares, equal to the excess of the fair market value of a specified number of Ordinary Shares on the date the SAR is exercised over the
“base price” of the award, which base price shall be determined by the Administrator and set forth in the applicable
award agreement. The maximum term of a SAR shall be ten (10) years.

 

5.1.4 Other
Awards. The other types of awards that may be granted under this Plan include: (a) stock bonuses, restricted stock, performance
stock, stock units, phantom stock or similar rights to purchase or acquire shares, whether at a fixed or variable price (or no price)
or fixed or variable ratio related to the Ordinary Shares and any of which may (but need not) be fully vested at grant or vest upon the
passage of time, the occurrence of one or more events, the satisfaction of performance criteria or other conditions, or any combination
thereof; (b) any similar securities with a value derived from the value of or related to the Ordinary Shares and/or returns thereon;
or (c) cash awards. Dividend equivalent rights may be granted as a separate award or in connection with another award under the Plan.

 

		5.2	Reserved. 

 

		5.3	Award Agreements. Each award shall be evidenced by a written or electronic award agreement or notice in a form approved
by the Administrator (an “award agreement”), and, in each case and if required by the Administrator, executed or otherwise
electronically accepted by the recipient of the award in such form and manner as the Administrator may require.

 

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		5.4	Deferrals and Settlements. Payment of awards may be in the form of cash, Ordinary Shares, other awards or combinations
thereof as the Administrator shall determine, and with such restrictions as it may impose. The Administrator may also require or permit
participants to elect to defer the issuance of shares or the settlement of awards in cash under such rules and procedures as it may establish
under this Plan. The Administrator may also provide that deferred settlements include the payment or crediting of interest or other earnings
on the deferral amounts, or the payment or crediting of dividend equivalents where the deferred amounts are denominated in shares.

 

		5.5	Consideration
                                            for Ordinary Shares or Awards. The purchase price for any award granted under this
                                            Plan or the Ordinary Shares to be delivered pursuant to an award, as applicable, may be paid
                                            by means of any lawful consideration
                                            as determined by the Administrator, including, without limitation, one or a combination of
                                            the following methods:

 

		●	services
                                            rendered by the recipient of such award;

 

		●	cash,
                                            check payable to the order of the Company, or electronic funds transfer;

 

		●	notice
                                            and third party payment in such manner as may be authorized by the Administrator;

 

		●	the
                                            delivery of previously owned Ordinary Shares;

 

		●	by
                                            a reduction in the number of shares otherwise deliverable pursuant to the award; or

 

		●	subject
                                            to such procedures as the Administrator may adopt, pursuant to a “cashless exercise”
                                            with a third party who provides financing for the purposes of (or who otherwise facilitates)
                                            the purchase or exercise of awards.

 

In no event shall any shares newly-issued
by the Company be issued for less than the minimum lawful consideration for such shares or for consideration other than consideration
permitted by applicable law. Ordinary Shares used to satisfy the exercise price of an option shall be valued at their fair market value
on the date of exercise. The Company will not be obligated to deliver any shares unless and until it receives full payment of the exercise
or purchase price therefor and any related withholding obligations under Section 8.5 and any other conditions to exercise or purchase
have been satisfied. Unless otherwise expressly provided in the applicable award agreement, the Administrator may at any time eliminate
or limit a participant’s ability to pay the purchase or exercise price of any award or shares by any method other than cash payment
to the Company. The Administrator may take all actions necessary to alter the method of Option exercise and the exchange and transmittal
of proceeds with respect to participants resident in the PRC not having permanent residence in a country other than the PRC in order to
comply with applicable PRC laws and regulations, including, without limitation, PRC foreign exchange, securities and tax laws and regulations.

 

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		5.6	Definition of Fair Market Value. For purposes of this Plan, if the Ordinary Shares are listed and actively traded on
an internationally recognized securities exchange (the “Exchange”), then unless otherwise determined or provided by
the Administrator in the circumstances, “fair market value” shall mean the closing price (in regular trading) for an Ordinary
Share as reported on the Exchange on which the Ordinary Shares are listed for the date in question or, if no sales of Ordinary Shares
were reported on the Exchange on that date, the closing price for an Ordinary Share as reported by the Exchange on which the Ordinary
Shares are listed for the next preceding day on which sales of Ordinary Shares were reported. The Administrator may, however, provide
with respect to one or more awards that the fair market value shall equal the closing price (in regular trading) for an Ordinary Share
as reported by the Exchange on the last day preceding the date in question or the average of high and low trading prices of an Ordinary
Share as reported by the Exchange for the date in question or the most recent trading day. If the Ordinary Shares are no longer listed
or actively traded on the Exchange as of the applicable date, the fair market value of the Ordinary Shares shall be the value as reasonably
determined by the Administrator for purposes of the award in the circumstances. The Administrator also may adopt a different methodology
for determining fair market value with respect to one or more awards if a different methodology is necessary or advisable to secure any
intended favorable tax, legal or other treatment for the particular award(s) (for example, and without limitation, the Administrator may
provide that fair market value for purposes of one or more awards will be based on an average of closing prices (or the average of high
and low daily trading prices) for a specified period preceding the relevant date).

 

		5.7	Transfer Restrictions.

 

5.7.1 Limitations
on Exercise and Transfer. Unless otherwise expressly provided in (or pursuant to) this Section 5.7 or required by applicable law:
(a) all awards are non-transferable and shall not be subject in any manner to sale, transfer, anticipation, alienation, assignment, pledge,
encumbrance or charge; (b) awards shall be exercised only by the participant; and (c) amounts payable or shares issuable pursuant to any
award shall be delivered only to (or for the account of) the participant.

 

5.7.2 Exceptions.
The Administrator may permit awards to be exercised by and paid to, or otherwise transferred to, other persons or entities pursuant to
such conditions and procedures, including limitations on subsequent transfers, as the Administrator may, in its sole discretion, establish
in writing. Any permitted transfer shall be subject to compliance with applicable federal and state securities laws and shall not be for
value (other than nominal consideration, settlement of marital property rights, or for interests in an entity in which more than 50% of
the voting interests are held by the Eligible Person or by the Eligible Person’s family members).

 

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5.7.3 Further
Exceptions to Limits on Transfer. The exercise and transfer restrictions in Section 5.7.1 shall not apply to:

 

		(a)	transfers to the Company (for example, in connection with the expiration or termination of the award),

 

		(b)	the designation of a beneficiary to receive benefits in the event of the participant’s death or, if the participant has died,
transfers to or exercise by the participant’s beneficiary, or, in the absence of a validly designated beneficiary, transfers by
will or the laws of descent and distribution,

 

		(c)	subject to any applicable limitations on ISOs, transfers to a family member (or former family member) pursuant to a domestic relations
order if approved or ratified by the Administrator,

 

		(d)	if the participant has suffered a disability, permitted transfers or exercises on behalf of the participant by his or her legal representative,
or

 

		(e)	the authorization by the Administrator of “cashless exercise” procedures with third parties who provide financing for
the purpose of (or who otherwise facilitate) the exercise of awards consistent with applicable laws and any limitations imposed by the
Administrator.

 

		6.	EFFECT OF TERMINATION OF EMPLOYMENT OR SERVICE ON AWARDS

 

		6.1	General. The Administrator shall establish the effect (if any) of a termination of employment or service on the rights
and benefits under each award under this Plan and in so doing may make distinctions based upon, inter alia, the cause of termination and
type of award. If the participant is not an employee of the Company or one of its Subsidiaries, is not a member of the Board, and provides
other services to the Company or one of its Subsidiaries, the Administrator shall be the sole judge for purposes of this Plan (unless
a contract or the award otherwise provides) of whether the participant continues to render services to the Company or one of its Subsidiaries
and the date, if any, upon which such services shall be deemed to have terminated.

 

		6.2	Events Not Deemed Terminations of Service. Unless the express policy of the Company or one of its Subsidiaries, or the
Administrator, otherwise provides, or except as otherwise required by applicable law, the employment relationship shall not be considered
terminated in the case of (a) sick leave, (b) military leave, or (c) any other leave of absence authorized by the Company or one of its
Subsidiaries, or the Administrator; provided that, unless reemployment upon the expiration of such leave is guaranteed by contract or
law or the Administrator otherwise provides, such leave is for a period of not more than three months. In the case of any employee of
the Company or one of its Subsidiaries on an approved leave of absence, continued vesting of the award while on leave from the employ
of the Company or one of its Subsidiaries may be suspended until the employee returns to service, unless the Administrator otherwise provides
or applicable law otherwise requires. In no event shall an award be exercised after the expiration of any applicable maximum term of the
award.

 

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		6.3	Effect of Change of Subsidiary Status. For purposes of this Plan and any award, if an entity ceases to be a Subsidiary
of the Company a termination of employment or service shall be deemed to have occurred with respect to each Eligible Person in respect
of such Subsidiary who does not continue as an Eligible Person in respect of the Company or another Subsidiary that continues as such
after giving effect to the transaction or other event giving rise to the change in status unless the Subsidiary that is sold, spun-off
or otherwise divested (or its successor or a direct or indirect parent of such Subsidiary or successor) assumes the Eligible Person’s
award(s) in connection with such transaction.

 

		7.	ADJUSTMENTS; ACCELERATION

 

		7.1	Adjustments. Subject to Section 7.2, upon (or, as may be necessary to effect the adjustment, immediately prior to):
any reclassification, recapitalization, share split (including a share split in the form of a share dividend) or reverse share split;
any merger, combination, consolidation, conversion or other reorganization; any spin-off, split-up, or similar extraordinary dividend
distribution in respect of the Ordinary Shares; or any exchange of Ordinary Shares or other securities of the Company, or any similar,
unusual or extraordinary corporate transaction in respect of the Ordinary Shares; then the Administrator shall equitably and proportionately
adjust (1) the number and type of Ordinary Shares (or other securities) that thereafter may be made the subject of awards (including the
specific share limits, maximums and numbers of shares set forth elsewhere in this Plan), (2) the number, amount and type of Ordinary Shares
(or other securities or property) subject to any outstanding awards, (3) the grant, purchase, or exercise price (which term includes the
base price of any SAR or similar right) of any outstanding awards, and/or (4) the securities, cash or other property deliverable upon
exercise or payment of any outstanding awards, in each case to the extent necessary to preserve (but not increase) the level of incentives
intended by this Plan and the then-outstanding awards.

 

Without limiting the generality of Section
3.3, any good faith determination by the Administrator as to whether an adjustment is required in the circumstances pursuant to this Section
7.1, and the extent and nature of any such adjustment, shall be conclusive and binding on all persons.

 

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		7.2	Corporate Transactions - Assumption and Termination of Awards.

 

Upon any event in which the Company does
not survive, or does not survive as a public company in respect of its Ordinary Shares (including, without limitation, a dissolution,
merger, combination, consolidation, conversion, exchange of securities or other reorganization, or a sale of all of the business, shares
or assets of the Company, in any case in connection with which the Company does not survive or does not survive as a public company in
respect of its Ordinary Shares), then the Administrator may make provision for a cash payment in settlement of, or for the termination,
assumption, substitution or exchange of any or all outstanding awards or the cash, securities or property deliverable to the holder of
any or all outstanding awards, based upon, to the extent relevant under the circumstances, the distribution or consideration payable to
holders of the Ordinary Shares upon or in respect of such event. Upon the occurrence of any event described in the preceding sentence
in connection with which the Administrator has made provision for the award to be terminated (and the Administrator has not made a provision
for the substitution, assumption, exchange or other continuation or settlement of the award): (1) unless otherwise provided in the applicable
award agreement, each then-outstanding option and SAR shall become fully vested, all restricted shares then outstanding shall fully
vest free of restrictions, and each other award granted under this Plan that is then outstanding shall become payable to the holder of
such award (with any performance goals applicable to the award in each case being deemed met, unless otherwise provided in the award agreement,
at the “target” performance level); and (2) each award shall terminate upon the related event; provided that the holder of
an option or SAR shall be given reasonable advance notice of the impending termination and a reasonable opportunity to exercise his or
her outstanding vested options and SARs (after giving effect to any accelerated vesting required in the circumstances) in accordance with
their terms before the termination of such awards (except that in no case shall more than ten days’ notice of the impending termination
be required and any acceleration of vesting and any exercise of any portion of an award that is so accelerated may be made contingent
upon the actual occurrence of the event).

 

Without limiting the preceding paragraph,
in connection with any event referred to in the preceding paragraph or any change in control event defined in any applicable award agreement,
the Administrator may, in its discretion, provide for the accelerated vesting of any award or awards as and to the extent determined by
the Administrator in the circumstances.

 

For purposes of this Section 7.2, an award shall be deemed
to have been “assumed” if (without limiting other circumstances in which an award is assumed) the award continues after an
event referred to above in this Section 7.2, and/or is assumed and continued by the surviving entity following such event (including,
without limitation, an entity that, as a result of such event, owns the Company or all or substantially all of the Company’s assets
directly or through one or more subsidiaries (a “Parent”)), and confers the right to purchase or receive, as applicable
and subject to vesting and the other terms and conditions of the award, for each Ordinary Share subject to the award immediately prior
to the event, the consideration (whether cash, shares, or other securities or property) received in the event by the shareholders of the
Company for each Ordinary Share sold or exchanged in such event (or the consideration received by a majority of the shareholders participating
in such event if the shareholders were offered a choice of consideration); provided, however, that if the consideration offered for an
Ordinary Share in the event is not solely the ordinary common stock of a successor corporation or a Parent, the Administrator may provide
for the consideration to be received upon exercise or payment of the award, for each share subject to the award, to be solely ordinary
common stock of the successor corporation or a Parent equal in fair market value to the per share consideration received by the shareholders
participating in the event.

 

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The Administrator may adopt such valuation methodologies for
outstanding awards as it deems reasonable in the event of a cash or property settlement and, in the case of options, SARs or similar rights,
but without limitation on other methodologies, may base such settlement solely upon the excess if any of the per share amount payable
upon or in respect of such event over the exercise or base price of the award. In the case of an option, SAR or similar right as to which
the per share amount payable upon or in respect of such event is less than or equal to the exercise or base price of the award, the Administrator
may terminate such award in connection with an event referred to in this Section 7.2 without any payment in respect of such award.

 

In any of the events referred to in this Section 7.2, the Administrator
may take such action contemplated by this Section 7.2 prior to such event (as opposed to on the occurrence of such event) to the extent
that the Administrator deems the action necessary to permit the participant to realize the benefits intended to be conveyed with respect
to the underlying shares. Without limiting the generality of the foregoing, the Administrator may deem an acceleration to occur immediately
prior to the applicable event and, in such circumstances, will reinstate the original terms of the award if an event giving rise to an
acceleration and/or termination does not occur.

 

Without limiting the generality of Section 3.3, any good faith
determination by the Administrator pursuant to its authority under this Section 7.2 shall be conclusive and binding on all persons.

 

		 7.3	Other Acceleration Rules. The Administrator may override the provisions of Section 7.2 by express provision in the award
agreement and may accord any Eligible Person a right to refuse any acceleration, whether pursuant to the award agreement or otherwise,
in such circumstances as the Administrator may approve. The portion of any ISO accelerated in connection with an event referred to in
Section 7.2 (or such other circumstances as may trigger accelerated vesting of the award) shall remain exercisable as an ISO only to the
extent the applicable $100,000 limitation on ISOs is not exceeded. To the extent exceeded, the accelerated portion of the option shall
be exercisable as a nonqualified stock option under the Code.

 

		8.	OTHER PROVISIONS

 

		8.1	Compliance with Laws. This Plan, the granting and vesting of awards under this Plan, the offer, issuance and delivery
of Ordinary Shares, and/or the payment of money under this Plan or under awards are subject to compliance with all applicable federal,
state, local and foreign laws, rules and regulations (including but not limited to state and federal securities law and federal margin
requirements) and to such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Company,
be necessary or advisable in connection therewith. The person acquiring any securities under this Plan will, if requested by the Company
or one of its Subsidiaries, provide such assurances and representations to the Company or one of its Subsidiaries as the Administrator
may deem necessary or desirable to assure compliance with all applicable legal and accounting requirements.

 

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		8.2	No Rights to Award. No person shall have any claim or rights to be granted an award (or additional awards, as the case
may be) under this Plan, subject to any express contractual rights (set forth in a document other than this Plan) to the contrary.

 

		8.3	No Employment/Service Contract. Nothing contained in this Plan (or in any other documents under this Plan or in any
award) shall confer upon any Eligible Person or other participant any right to continue in the employ or other service of the Company
or one of its Subsidiaries, constitute any contract or agreement of employment or other service or affect an employee’s status as
an employee at will, nor shall interfere in any way with the right of the Company or one of its Subsidiaries to change a person’s
compensation or other benefits, or to terminate his or her employment or other service, with or without cause. Nothing in this Section
8.3, however, is intended to adversely affect any express independent right of such person under a separate employment or service contract
other than an award agreement.

 

		8.4	Plan Not Funded. Awards payable under this Plan shall be payable in shares or from the general assets of the Company,
and no special or separate reserve, fund or deposit shall be made to assure payment of such awards. No participant, beneficiary or other
person shall have any right, title or interest in any fund or in any specific asset (including Ordinary Shares, except as expressly otherwise
provided) of the Company or one of its Subsidiaries by reason of any award hereunder. Neither the provisions of this Plan (or of any related
documents), nor the creation or adoption of this Plan, nor any action taken pursuant to the provisions of this Plan shall create, or be
construed to create, a trust of any kind or a fiduciary relationship between the Company or one of its Subsidiaries and any participant,
beneficiary or other person. To the extent that a participant, beneficiary or other person acquires a right to receive payment pursuant
to any award hereunder, such right shall be no greater than the right of any unsecured general creditor of the Company.

 

		8.5	Tax Withholding. Upon any exercise, vesting, or payment of any award, or upon the disposition of Ordinary Shares acquired
pursuant to the exercise of an ISO prior to satisfaction of the holding period requirements of Section 422 of the Code, or upon any other
tax withholding event with respect to any award, arrangements satisfactory to the Company shall be made to provide for any taxes the Company
or any of its Subsidiaries may be required to withhold with respect to such award event or payment. Such arrangements may include (but
are not limited to) any one of (or a combination of) the following:

 

		(a)	The Company or one of its Subsidiaries shall have the right to require the participant (or the participant’s personal representative
or beneficiary, as the case may be) to pay or provide for payment of at least the minimum amount of any taxes which the Company or one
of its Subsidiaries may be required to withhold with respect to such award event or payment.

 

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		(b)	The Company or one of its Subsidiaries shall have the right to deduct from any amount otherwise payable in cash (whether related to
the award or otherwise) to the participant (or the participant’s personal representative or beneficiary, as the case may be) the
minimum amount of any taxes which the Company or one of its Subsidiaries may be required to withhold with respect to such award event
or payment.

 

		(c)	In any case where a tax is required to be withheld in connection with the delivery of Ordinary Shares under this Plan, the Administrator
may in its sole discretion (subject to Section 8.1) require or grant (either at the time of the award or thereafter) to the participant
the right to elect, pursuant to such rules and subject to such conditions as the Administrator may establish, that the Company reduce
the number of shares to be delivered by (or otherwise reacquire) the appropriate number of shares, valued in a consistent manner at their
fair market value or at the sales price in accordance with authorized procedures for cashless exercises, necessary to satisfy the minimum
applicable withholding obligation on exercise, vesting or payment. Unless otherwise provided by the Administrator, in no event shall the
shares withheld exceed the minimum whole number of shares required for tax withholding under applicable law to the extent the Company
determines that withholding at any greater level would result in an award otherwise classified as an equity award under ASC Topic 718
(or any successor thereto) being classified as a liability award under ASC Topic 718 (or such successor).

 

		8.6	Effective Date, Termination and Suspension, Amendments.

 

8.6.1 Effective
Date. This Plan is effective as of June 30, 2022, the date of its approval by the Board (the “Effective Date”).
This Plan shall be submitted for and subject to shareholder approval no later than twelve months after the Effective Date. Unless earlier
terminated by the Board and subject to any extension that may be approved by shareholders, this Plan shall terminate at the close of
business on the day before the tenth anniversary of the Effective Date. After the termination of this Plan either upon such stated termination
date or its earlier termination by the Board, no additional awards may be granted under this Plan, but previously granted awards (and
the authority of the Administrator with respect thereto, including the authority to amend such awards) shall remain outstanding in accordance
with their applicable terms and conditions and the terms and conditions of this Plan.

 

8.6.2 Board
Authorization. The Board may, at any time, terminate or, from time to time, amend, modify or suspend this Plan, in whole or in
part. No awards may be granted during any period that the Board suspends this Plan.

 

8.6.3 Shareholder
Approval. To the extent then required by applicable law or deemed necessary or advisable by the Board, any amendment to this
Plan shall be subject to shareholder approval.

 

8.6.4 Amendments
to Awards. Without limiting any other express authority of the Administrator under (but subject to) the express limits of this
Plan, the Administrator by agreement or resolution may waive conditions of or limitations on awards to participants that the Administrator
in the prior exercise of its discretion has imposed, without the consent of a participant, and (subject to the requirements of Sections
3.2 and 8.6.5) may make other changes to the terms and conditions of awards.

 

8.6.5 Limitations
on Amendments to Plan and Awards. No amendment, suspension or termination of this Plan or amendment of any outstanding award
agreement shall, without written consent of the participant, affect in any manner materially adverse to the participant any rights or
benefits of the participant or obligations of the Company under any award granted under this Plan prior to the effective date of such
change. Changes, settlements and other actions contemplated by Section 7 shall not be deemed to constitute changes or amendments for
purposes of this Section 8.6.

 

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		8.7	Privileges of Share Ownership. Except as otherwise expressly authorized by the Administrator, a participant shall not
be entitled to any privilege of share ownership as to any Ordinary Shares not actually delivered to and held of record by the participant.
Except as expressly required by Section 7.1 or otherwise expressly provided by the Administrator, no adjustment will be made for dividends
or other rights as a shareholder for which a record date is prior to such date of delivery.

 

		8.8	Governing Law; Construction; Severability.

 

8.8.1 Choice
of Law. This Plan, the awards, all documents evidencing awards and all other related documents shall be governed by, and construed
in accordance with the laws of the Cayman Islands.

 

8.8.2 Severability.
If a court of competent jurisdiction holds any provision invalid and unenforceable, the remaining provisions of this Plan shall continue
in effect.

 

  8.8.3 Plan Construction.

 

		(a)	It is the intent of the Company that the awards and transactions permitted by awards be interpreted in a manner that, in the case
of participants who are or may be subject to Section 16 of the Exchange Act, qualify, to the maximum extent compatible with the express
terms of the award, for exemption from matching liability under Rule 16b-3 promulgated under the Exchange Act. Notwithstanding the foregoing,
the Company shall have no liability to any participant for Section 16 consequences of awards or events under awards if an award or event
does not so qualify.

 

		8.9	Captions.
Captions and headings are given to the sections and subsections of this Plan solely as a convenience to facilitate reference. Such headings
shall not be deemed in any way material or relevant to the construction or interpretation of this Plan or any provision thereof.

 

		8.10	Share-Based
Awards in Substitution for Share Options or Awards Granted by Other Company. Awards may be granted to Eligible Persons in substitution
for or in connection with an assumption of employee share options, SARs, restricted shares or other share-based awards granted by other
entities to persons who are or who will become Eligible Persons in respect of the Company or one of its Subsidiaries, in connection with
a distribution, merger or other reorganization by or with the granting entity or an affiliated entity, or the acquisition by the Company
or one of its Subsidiaries, directly or indirectly, of all or a substantial part of the shares or assets of the employing entity. The
awards so granted need not comply with other specific terms of this Plan, provided the awards reflect adjustments giving effect to the
assumption or substitution consistent with any conversion applicable to the Ordinary Shares (or the securities otherwise subject to the
award) in the transaction and any change in the issuer of the security. Any shares that are delivered and any awards that are granted
by, or become obligations of, the Company, as a result of the assumption by the Company of, or in substitution for, outstanding awards
previously granted or assumed by an acquired company (or previously granted or assumed by a predecessor employer (or direct or indirect
parent thereof) in the case of persons that become employed by the Company or one of its Subsidiaries in connection with a business or
asset acquisition or similar transaction) shall not be counted against the Share Limit or other limits on the number of shares available
for issuance under this Plan.

 

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		8.11	Non-Exclusivity
                                            of Plan. Nothing in this Plan shall limit or be deemed to limit the authority of
                                            the Board or the Administrator to grant awards or authorize any other compensation, with
                                            or without reference to the Ordinary Shares, under any other plan or authority.

 

		8.12	No
                                            Corporate Action Restriction. The existence of this Plan, the award agreements and
                                            the awards granted hereunder shall not limit, affect or restrict in any way the right or
                                            power of the Company or any Subsidiary (or any of their respective shareholders, boards of
                                            directors or committees thereof (or any subcommittee), as the case may be) to make or authorize:
                                            (a) any adjustment, recapitalization, reorganization or other change in the capital structure
                                            or business of the Company or any Subsidiary, (b) any merger, amalgamation, consolidation
                                            or change in the ownership of the Company or any Subsidiary, (c) any issue of bonds, debentures,
                                            capital, preferred or prior preference shares ahead of or affecting the capital shares (or
                                            the rights thereof) of the Company or any Subsidiary, (d) any dissolution or liquidation
                                            of the Company or any Subsidiary, (e) any sale or transfer of all or any part of the assets
                                            or business of the Company or any Subsidiary, (f) any other award, grant, or payment of incentives
                                            or other compensation under any other plan or authority (or any other action with respect
                                            to any benefit, incentive or compensation) or (g) any other corporate act or proceeding by
                                            the Company or any Subsidiary. No participant, beneficiary or any other person shall have
                                            any claim under any award or award agreement against any member of the Board or the Administrator,
                                            or the Company or any employees, officers or agents of the Company or any Subsidiary, as
                                            a result of any such action. Awards need not be structured so as to be deductible for tax
                                            purposes.

 

		8.13	Other
                                            Company Benefit and Compensation Programs. Payments and other benefits received by
                                            a participant under an award made pursuant to this Plan shall not be deemed a part of a participant’s
                                            compensation for purposes of the determination of benefits under any other employee welfare
                                            or benefit plans or arrangements, if any, provided by the Company or any Subsidiary, except
                                            where the Administrator expressly otherwise provides or authorizes in writing. Awards under
                                            this Plan may be made in addition to, in combination with, as alternatives to or in payment
                                            of grants, awards or commitments under any other plans or arrangements or authority of the
                                            Company or its Subsidiaries.

 

		8.14	Clawback
                                            Policy. The awards granted under this Plan are subject to the terms of the Company’s
                                            recoupment, clawback or similar policy as it may be in effect from time to time, as well
                                            as any similar provisions of applicable law, any of which could in certain circumstances
                                            require repayment or forfeiture of awards or any Ordinary Shares or other cash or property
                                            received with respect to the awards (including any value received from a disposition of the
                                            shares acquired upon payment of the awards).

 

 

17

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