Document:

Exhibit 4.31

 

Active
Chairman Agreement

 

This
Active Chairman Agreement (“Agreement”), is made effective as of April 19, 2020 (“Effective Date”)
by and between:

 

P.V.
Nano Cell Ltd., Israeli Company Number 514287093, with its head office located at 8 HaMasger Street, Migdal Haemek, POB 236, 23100,
Israel (the “PVN”); and

 

Exoro
Ltd, Israeli Company Number 516151875 with its head office located at 17 Arvei Nachal, Maccabim-Reut, Israel, a company fully owned
by Dov Farkash (the “Company”).

 

(Each
a “Party” and together the “Parties”)

 

	WHEREAS	PVN
                                            wishes to retain the Company and its principal Dov Farkash (“Dov”) in
                                            order to provide PVN with certain services as described in the attached Appendix A and
                                            the Company and Dov agrees to provide Services (as defined below) as an independent contractor.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree and
covenant as follows:

  

	1.	Active
                                            Chairman Agreement
	 	 
	1.1	The
preamble hereto and the schedules attached hereto form integral and binding parts of this Agreement.
	 	 
	1.2	PVN
                                            wishes to retain the Company in order to provide the services described in Appendix
                                            A of this Agreement (the “Services”) to be provided solely by
                                            Dov as described in section 1.4, effective as of April 19, 2020 (the “Effective
                                            Date”), and during the Term (as defined below) of this Agreement, and the Company
                                            agrees to provide these Services. The scope of Services may be updated from time to time
                                            as mutually agreed between the Parties.
	 	 
	1.3	The
                                            Company and Dov shall report directly to the Board of Directors (“BoD) of PVN.
	 	 
	1.4	The
                                            Company will provide the Services solely via Dov in the position of an Active Chairman of
                                            the BoD, and may not assign or sub-contract the performance of the Services to any third
                                            party, without the prior written consent of PVN.
	 	 
	1.5	PVN
shall sign an indemnification and exemption agreement with Dov and will include Dov in PVN’s D&O Insurance no later than 3
business days after the Effective Date of this agreement.
	 	 
	1.6	Dov,
                                            will dedicate his best experience, talent, expertise and knowledge for the provision of the
                                            Services, and will perform the Services in a loyal, conscientious and dedicated manner, and
                                            in accordance with the PVN’s policies as may be in effect from time to time and with
                                            reasonable instructions of the PVN’s BoD.

 

During
the Term of this Agreement, neither the Company, nor Dov shall engage in any activity,
commercial or otherwise, if such activity can reasonably be expected to create or assist in creating a conflict of availability or a
conflict of interest or competition with PVN.

 

    -1-

     

    

 

	1.7	The
                                            Company confirms that neither it, nor Dov bring or were required to bring to PVN any proprietary
                                            materials of third parties, and that the Company and Dov are under no restrictions regarding
                                            the rendering of the Services to PVN and the execution of this Agreement.
	 	 
	1.8	The
Company act as an independent contractor. The Services are provided to PVN by the Company, via Dov, on an independent contractor basis,
absent of an employment relationship between PVN, the Company and/or Dov, based on the Company’s, specific request. The Company
declares that it is aware of all the financial consequences resulting from the Company’s engagement as an independent contractor.
The Company shall be solely responsible for Dov and his performance under this Agreement and shall bear and timely make payments of his
salary, social rights and any other rights he is entitled to under any applicable law including any deductions and allocations. The Parties
do not intend, and this Agreement and the performance of the Services hereunder shall not be construed, to give effect to employment,
partnership, joint venture or agency relations between the Parties and/or between PVN and Dov. The Company undertakes not to present
any claims against the PVN in that regard.
	 	 
	1.9	The
                                            Company hereby confirms that: (i) it is a certified Company, duly registered under the tax
                                            and employment laws applicable to Company; and (ii) it files all necessary reports with the
                                            applicable tax authorities and national security authorities as an independent contractor,
                                            and makes all due payments. Without derogating from the above, it shall be the sole and exclusive
                                            responsibility of the Company to make the necessary contributions and/or compulsory payments
                                            to the applicable tax and other government authorities and/or private funds and insurance
                                            companies, all in accordance with applicable laws.
	 	 
	1.10	The
                                            Company undertakes to maintain a proper set of accounting books as required by applicable
                                            law and to open and/or maintain a file with the applicable tax and other governmental authorities.
                                            The Company is exclusively responsible for filing any reports with said authorities, which
                                            are required to be filed in connection with and arising out of the Services rendered by the
                                            Company under this Agreement.
	 	 
	1.11	Should
                                            the Company or any other party on its behalf present any claim against PVN, based upon allegation
                                            of employee-employer relations, the Company will indemnify and hold PVN harmless for and
                                            against such claims, and PVN may offset any consideration it may owe to the Company against
                                            such indemnification sums. Furthermore, the Company agrees that if a claim is filed
                                            by it or by Dov or by any of its Representatives or any third party on the Company’s
                                            behalf against PVN based on alleged employee-employer relations, and a competent court of
                                            law rules that the Company or Dov were employed by the Company, then: (i) the monthly gross
                                            salary due will be calculated as 60% of the monthly Consulting Fee (as per Section 2.1 below),
                                            (ii) the Company shall refund to PVN all sums previously paid by PVN in excess of such gross
                                            salary, and (iii) PVN shall use the refund amounts towards satisfaction of employer’s
                                            obligations arising from the aforesaid court-recognized employee-employer relations.

 

    -2-

     

    

 

	1.12	The
Services performed hereunder are “work for hire”, and the Company or Dov or its Representatives shall have no rights or title
in such Services, or any part thereof or any of its products or results, and PVN shall own all rights to such work in its name or otherwise,
including copyrights, patents, trademarks and other lights.
	 	 
	1.13	The
                                            Company or Dov are not allowed to obligate and/or bind PVN in any way and/or create any commitments
                                            on the PVN’s behalf, except as required for the performance of the Services and as
                                            authorized by the BoD of PVN.
	 	 
	1.14	The
Company and Dov shall perform the Services according to all applicable laws, rules and regulations. Without derogating from the above
said, the Company and Dov specifically warrants that it shall comply with all applicable rules and regulations concerning the prevention
of corruption, money laundering and terrorism, and in accordance thereto.
	 	 
	1.15	PVN
                                            and its CEO hereby confirms that they are authorized to commit to this agreement and all its
                                            related obligations and there are no legal nor other matters that prevents them from undertaking
                                            this agreement.
	 	 
	1.16	PVN
                                            will indemnify and hold Company and Dov harmless for and against any claims that arise from
                                            entering this agreement subject to the agreement defined in article 1.5.
	 	 
	2.	Remuneration
	 	 
	2.1	Fee: In consideration of the Services to be provided by the Company and in consideration of the Company’s other obligations hereunder,
PVN will pay the Company a gross monthly consulting fee in the amount set out in Appendix A attached hereto (the “Consulting
Fee”).
	 	 
	2.2	Options: PVN
BoD will grant the Principle options to purchase Ordinary Shares of PVN in the amount and terms set out in Appendix A attached
hereto (“Options”).

 

Such
Options grant shall be subject to the provisions of the Israeli Income Ordinance or any other applicable law. The Options, when granted,
shall be subject to the terms and provisions of PVN’s 2010 Option Plan and the provisions of a respective share option agreement
to be executed between PVN and the Principle. Other terms and conditions of such Options shall be determined by the Board, in its sole
discretion.

 

The
Principle shall bear all taxes and other compulsory payments associated with the Options. In the event of termination of this Agreement
for any reason, any unvested Options shall expire immediately.

 

	2.3	Expenses: In addition to the Consulting Fee, the Company shall be reimbursed for certain Service-related out of pocket expenditures incurred
by it in connection with the performance of the Services, subject to prior written approval of the Company and in accordance with the
Company’s expense return policy as described in Appendix A. All other expenses and costs of the Company and Dov arising
from or related to the provision of the Services will be borne and paid by the Company.
	 	 
	2.4	At
                                            the end of each calendar month or at the beginning of the following one, the Company will
                                            submit an Invoice with the Consulting Fee due, to be verified by PVN. VAT will be added
at the rate applicable at the time of each payment. PVN will pay the monthly verified Invoice for the previous month until the 9th of
each month. PVN shall withhold any required withholding tax from any remuneration payable to the Company according to applicable laws
or according to a specific tax withholding approval provided by the Company, if provided.

 

    -3-

     

    

 

	2.5	The
                                            Company shall bear, be responsible for, and shall indemnify and hold the PVN harmless from,
                                            all payments required to be made to the tax authorities, National Insurance Institute, health
                                            and life insurance and any other obligatory payments related to the provision of the Services
                                            hereunder or to the remuneration provided in connection therewith.
	 	 
	2.6	The
Parties confirm that the remuneration detailed in this Section 2 above is the full and exclusive remuneration due to the Company for the
Services hereunder, and constitute the total cost to PVN.
	 	 
	3.	Secrecy
                                            and other Intellectual Property Issues
	 	 
	3.1	The
                                            Company and Dov undertakes to execute, perform and abide by the Secrecy, Intellectual Property
                                            and Non-Compete Undertakings as attached hereto as Appendix B, and shall cause
                                            its Representatives to countersign, perform and abide by the terms therein.
	 	 
	4.	Term
                                            & Termination
	 	 
	4.1	This
                                            Agreement is made for period of four months with PVN’s right to renew for additional
                                            nine months and may be terminated by either party upon a 45 days prior written notice to
                                            the other party.
	 	 
	4.2	In
                                            addition, each party shall have a right to terminate this Agreement immediately - if termination
                                            is made for Cause. The term “Cause” in this Agreement shall be defined as any
                                            of the following events or acts of PVN, the Company or Dov: (a) a material breach of this
                                            Agreement which has not been remedied within 14 days of written notice, (b) breach of confidence,
                                            loyalty or unauthorized disclosure or use of PVN’s or third parties intellectual properties,
                                            (c) self-dealing, embezzlement or misappropriation of the PVN’s property or serious
                                            damage to the PVN’s property which is intentionally caused, (d) gross negligence or
                                            misconduct, (e) criminal behavior as determined by a court of law, except as for traffic violations,
                                            or other offences which do not require mens rea.
	 	 
	4.3	Termination
                                            of this Agreement as stated above is without liability for any claims or payments beyond
                                            those earned or accrued in the course of the Services hereunder; and the Company and PVN
                                            hereby waives any and all such claims. Without derogating from the generality of the aforementioned,
                                            termination of this Agreement will not entitle either Party to any compensation.
	 	 
	4.4	Upon
termination of this Agreement, the Company and Dov shall immediately return to PVN each and every asset in its possession or control
which belongs, or has been entrusted, to the Company and/or Dov, including, without limitation, all materials of any kind (whether in
written or electronic form, computer files or otherwise) concerning the PVN’s
Proprietary Information (as such term is defined in Appendix B) and all copies thereof, and the Company or Dov shall not
retain any copies of such materials in whatever form and on whatever media.

 

    -4-

     

    

 

		4.5	The
provisions of Sections 1.8-1.12, 2.5, 4.3, 4.4 and 5.1 through 5.6 of this Agreement shall remain valid and binding regardless the termination
of this Agreement, and will survive such termination.
	 	 	 
		4.6	Failing
                                            to fulfill Articles 1.5, 1.16, 2.1 will be considered as a material breach
	 	 	 
		5.	General
                                            Provisions
	 	 	 
		5.1	This
                                            Agreement forms the complete and exclusive agreement between the Parties as to its subject
                                            matter; and it cancels any prior verbal or written agreement related thereto. Any change
                                            to this Agreement requires a duly signed document.
	 	 	 
		5.2	PVN
                                            shall be entitled to assign its rights and/or obligations under this Agreement, in whole
                                            or in part, to any third party without the need to obtain the consent of the Company, provided
                                            only that the Company’s rights are not materially prejudiced by such assignment.
	 	 	 
		5.3	The
                                            failure or delay of either Party to require the performance of any term under this Agreement,
                                            or the waiver by either Party of any breach under this Agreement, shall not prevent subsequent
                                            enforcement of such terms, nor be deemed a waiver of any subsequent or prolonged breach.
	 	 	 
		5.4	Any
                                            notice sent by one Party to the other by registered mail will be deemed to have been received
                                            on the 5th business day after the day of mailing. Electronic messages will be
                                            deemed to have been received on the business day following the day of transmission, hand
                                            delivery shall be deemed to have been received upon delivery.
	 	 	 
		5.5	This
Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which taken together shall constitute
one and the same instrument, with the same effect as if the signatures thereto were upon the saine instrument. The exchange of signature
pages (in counterparts or otherwise) by electronic transmission in electronic files or by facsimile copies shall have the same legal
effect as the exchange of signed originals and shall be sufficient to bind the Parties to the terms and conditions of this Agreement.
	 	 	 
		5.6	This Agreement is
                                                                                                                                                                    exclusively governed by the laws of the State of Israel, as they apply to agreements made and to be performed in Israel, without
                                                                                                                                                                    regard to “choice of law” provisions. The courts of Israel (in the city of Haifa) will have exclusive jurisdiction over
                                                                                                                                                                    all claims arising out of or relating to this Agreement, and each Party hereby consents and submits to such exclusive jurisdiction.
                                                                                                                                                                    However, in matters involving a breach or infringement of intellectual property rights, PVN shall be entitled to bring action
                                                                                                                                                                    against the Company in any other competent court. Judgements, verdicts and decrees of any of the aforesaid courts shall be
                                                                                                                                                                    enforceable against either Party in any country.

 

THE
COMPANY CONFIRMS THAT IT IS FAMILIAR WITH THE ENGLISH LANGUAGE AND DOES NOT REQUIRE TRANSLATION OF THIS AGREEMENT TO ANY OTHER
LANGUAGE. THE COMPANY FURTHER CONFIRMS THAT IT HAS BEEN ADVISED BY PVN THAT IT MAY CONSULT AN ATTORNEY BEFORE EXECUTING THIS
AGREEMENT AND THAT IT HAS BEEN AFFORDED AN OPPORTUNITY TO DO SO.

 

 

 

[Signature
page to follow]

 

    -5-

     

    

 

[Signature
Page of the Consultancy Agreement]

 

And
in Witness hereof the Parties sign and execute this Agreement

 

	/s/ Fernando de la Vega	 	/s/ Dov Farkash
	P.V. Nano Cell Ltd. (PVN)	 	Exoro Ltd (Company)
	 	 	 
	By: Fernando de la Vega	 	Dov Farkash

 

Confirmations:

 

We,
the undersigned, being the Principle and Representatives of the Company pursuant to the above Agreement, hereby confirm and undertake
towards PVN that we will personally comply with the undertakings and representations of the Company as detailed in this Agreement including
its annexes.

 

	/s/ Dov Farkash	 	 
	Dov Farkash	 	 

 

We,
the undersigned, being the authorized Representatives of PVN pursuant to the above Agreement, hereby confirm and undertake towards the
Company that we will personally comply with the undertakings and representations of PVN as detailed in this Agreement including its annexes.

 

	/s/ Fernando de la Vega	 	 
	PVN CEO	 	 

 

    -6-

     

    

 

Appendix
A

 

Services
and scope:

 

	 	1.	Dov
Farkash will be nominated as a Board member and the Active Chairman of the Board of Directors effective as of the Effective Date.
	 	 	 
	 	2.	Dov
will focus on the Company’s go to market strategy and finding the best 2-3 applications for the Company’s product that will
secure revenue streams, he will by no means mange the Company or intervene in the day to day functions of the Company.
	 	 	 
	 	3.	Dov
will be committed to 3 business days a week performance, on average, some of which will be performed at the Company’s place of
business and some of which will be done by travel.

 

Active
Chairman Fee:

 

	 	1.	The
                                            compensation for these Services is set at NIS 40,000 + VAT per month against a tax invoice.
	 	 	 
	 	2.	A
budget of up to $10,000 per month will be allocated for expense reimbursement for business travel overseas and locally, to be submitted
on a monthly basis not later than the 5th of each month with all supporting receipts against an invoice, all in accordance with the tax
regulations and the following guidelines:

 

	 	a.	Travel
                                            overseas:

 

	 	i.	Flight
Rate in an economy status.
	 	 	 
	 	ii.	Hotels
limited to a max of $300 per night.
	 	 	 
	 	iii.	Per diem will be in
                                                                                                                       accordance with the tax regulation, in case board was provided by PVN, per diem will not be provided.

 

	 	b.	Travel
                                            in Israel:

 

	 	i.	Paid
tolls (i.e. ‘kvish 6’ etc.).
	 	 	 
	 	ii.	Millage
                                            expense in accordance with the tax regulation requirement.

 

	 	3.	For
                                            the period of March-April 2020 in which Dov started to work with PVN prior to the closure
                                            of this Agreement, a lump sum of NIS 20,000 + VAT will be paid to the Company in 2 monthly
                                            installments against a tax invoice.

 

Options:

 

A
grant of stock options with be provided to reflect 0.5% of total equity, all in accordance with the compensation plan of PVN for
directors. Exercise price will be the same price as per last grant authorized in the compensation committee on January 7, 2020.
Vesting will be first year cliff and thereafter in accordance with the standard of PVN’s Option Plan, In the event the
engagement is set via Dov’s wholly owned Company (Exoro ltd.) the grant of options will be subject to section 3i and not
section 102 of the tax ordinance, unless otherwise provided approval form the tax authorities to grant options under section 102
despite working with a wholly owned company.

 

***********************************

 

    -7-

     

    

 

Appendix
B

 

SECRECY,
INTELLECTUAL PROPERTY AND NON-COMPETE UNDERTAKINGS

 

In
consideration of the disclosure by PVN to the Company of information relating to the Services and the remuneration as set out in Section
2 of the Agreement, the Company hereby agrees as follows:

 

	1.	In
                                            this Appendix B, the term “PVN” shall mean PV Nano Cell and any of the PVN’s
                                            present or future subsidiaries in which PVN is a shareholder, directly or indirectly, and
                                            the PVN’s affiliates, as currently exist and as may exist in the future.
	 	 
	2.	The
                                            term “Proprietary Information” means any and all confidential and/or proprietary
                                            knowledge, data or information of PVN or of any third party which is disclosed to Company
                                            or which it otherwise obtains or generates as a result of the Services (including the implications,
                                            results and applications of the Services and any knowhow, intellectual property and other
                                            rights relating to the results of the Services), including without limitation technical,
                                            business, marketing, financial, administrative, management and commercial information related
                                            to PVN, its products, current or prospective, knowhow, technology, trade secrets, software,
                                            copyright, process, commercial relations, actual and potential clients and suppliers, business
                                            or other plans, and any other information of a proprietary or confidential nature. Without
                                            derogating from the generality of the above said, information which by nature is deemed to
                                            be proprietary and non-public information and any information discussed and presented
                                            at any meeting of PVN in which the Company attended shall also be recognized as Proprietary
                                            Information.
	 	 
	3.	The
                                            term “Proprietary Information” does not include information (i) which is, at
                                            the date of signature hereof or thereafter, enters the public domain, through no act or omission
                                            by the Company or anyone on its behalf, (ii) information which was known to Company prior
                                            to its disclosure (in the case of information disclosed by PVN) or prior to its generation
                                            (in the case of Proprietary Information generated by Company), as evidenced by its written
                                            records at the time of disclosure or generation (as applicable), (iii) information developed
                                            independently by Company without use of or reference to the Proprietary Information, as demonstrated
                                            by documentary evidence, (iv) information received by Company at any time from other sources
                                            that were legally entitled to receive and transfer such information without any obligation
                                            of confidentiality to PVN.
	 	 
	4.	Proprietary
                                            Information and any part thereof are recognized by Company as being confidential and the
                                            exclusive and sole property of PVN.
	 	 
	5.	The
                                            Company undertakes to maintain the confidentiality of the Proprietary Information, not to
                                            disclose or make available to any third party any of the Proprietary Information nor to make
                                            any use or enable others to make any use thereof other than for purposes of the Services,
                                            without the express prior written approval of PVN.

 

If
required by law, Company may disclose Proprietary Information to a governmental authority or by order of a court of competent jurisdiction,
provided that (a) unless restricted by such authority, Company shall immediately notify PVN and take reasonable steps to assist PVN in
contesting such request, requirement or order or otherwise protecting PVN’s rights and (b) Company shall limit the scope of such
disclosure only to such
portion of the Proprietary Information that it is legally required to disclose.

 

    -8-

     

    

 

The
confidentiality and non-use obligations contained herein will remain valid and binding regardless of the termination of the Agreement
and shall survive for a period of seven (7) years from the date of termination of this Agreement, and with respect to technological and
technical information of PVN including trade secrets, the post termination period of compliance shall remain until said information comes
into the public domain through no fault of the Company or anyone on its behalf.

 

	6.	The
                                            term “Proprietary Rights” shall mean all inventions, discoveries, ideas, know-how,
                                            works of authorship and confidential information, including copyrights, patents and patent
                                            applications, trade secrets, trademarks, service marks, design marks, any registrations or
                                            applications relating to any of the foregoing.

 

Inventions,
if any, patented or unpatented, made by Company prior to the date of this Agreement are excluded from the scope of this Agreement.

 

Company
hereby assigns and agrees to assign in the future (when any such inventions or Proprietary Rights are first reduced to practice or first
fixed in a tangible medium, as applicable) to PVN all its rights, title and interest in and to any and all Proprietary Rights whether
or not patentable or registrable under copyright or similar statutes, made or conceived or reduced to practice or generated by Company,
either alone or jointly with others, in the performance of the Services for PVN. Inventions assigned to PVN, or to a third party as directed
by PVN pursuant to this Section 6, are hereinafter referred to as “PVN Inventions.”

 

The
Company acknowledge that all original works of authorship which are made by Company (solely or jointly with others) in the performance
of the Services for PVN and which are protectable by copyright are “works made for hire” and are the property of PVN pursuant
to applicable copyright law. Any assignment of copyright hereunder (and any ownership of a copyright as a work made for hire) includes
all rights of paternity, integrity, disclosure and withdrawal and any other rights that may be known as or referred to as “moral
rights” (collectively “Moral Rights”). To the extent such Moral Rights cannot be assigned under applicable law and
to the extent the following is allowed by the laws in the various countries where Moral Rights exist, the Company hereby waives such
Moral Rights and consents to any action of PVN that would violate such Moral Rights in the absence of such consent including the right
to prevent changes in such works and/or to be named in its name.

 

Company
will assist PVN in every proper way to obtain, and from time to time enforce, any patent rights relating to PVN Inventions in any and
all countries, at PVN’s expense. To that end Company will execute, verify and deliver such documents and perform such other acts
(including appearances as a witness) as PVN may reasonably request for use in applying for, obtaining, perfecting, evidencing, sustaining
and enforcing such patent rights and the assignment thereof. In addition, Company will execute, verify and deliver such assignments of
such patent rights to PVN or its designee as PVN may reasonably request. PVN shall compensate the Company at a reasonable rate for the
time actually spent by Company at PVN’s request on such assistance. Company’s obligation to assist PVN with respect to patent
rights relating to such PVN Inventions in any and all countries shall
continue beyond the termination of this Agreement.

 

    -9-

     

    

 

The
Company hereby agrees that it shall not be entitled to any additional compensation for the assignments described in this Section 6 above
beyond the consideration set forth in the Agreement. The Company acknowledges and agrees that it will not be entitled to additional royalties,
consideration or other payments with regard to any of the Proprietary Rights assigned to PVN as set forth above, and does hereby explicitly,
irrevocably and unconditionally waives the right to receive any such additional royalties, consideration or other payments.

 

	7.	The
                                            Company shall not use any third party’s intellectual property, materials, documents,
                                            other resources or confidential information in the performance of the Services.
	 	 
	8.	The
                                            Company shall report to PVN’s BoD during the period of the Agreement of any intention
                                            to provide services which create conflict of interest between Company’s other business
                                            interests and its position as a consultant in PVN. Within ten (10) business days from such
                                            notification, PVN shall inform the Company whether it wishes to continue with the terms of
                                            the Agreement or, at its sole discretion, terminate it with immediate effect.
	 	 
	9.	Without
                                            prejudice to the generality of the foregoing, the Company agrees that during the period of
                                            this Agreement plus a “freeze period” (as defined below), the Company will not,
                                            directly or indirectly, for its own account or for the account of others (including without
                                            limitation as a stockholder, director, officer, employee/employer, investor, partner, consultant,
                                            sole proprietor or independent contractor), do or participate or assist or allow to do any
                                            of the following:

 

		(a)	Directly
                                            compete or assist others to compete with the business of PVN;
	 	 	 
		(b)	Request
                                            or advise any past, present or future business associate of PVN to decrease or cancel their
                                            business with PVN;
	 	 	 
		(c)	Cause
                                            any employee or consultant of PVN to terminate his relations with PVN or to work for the
                                            Company or for any party associated with the Company.

 

The
“Freeze Period” shall be equal in length to the service period hereunder, but in any case, not shorter than 6 months and
not longer than 12 months.

 

The
Parties confirm that during the provision of the Services hereunder, the Company will be exposed to confidential Proprietary Information
of PVN; and that any activity as forbidden under subsections (a), (b) and (c) above is bound to breach the right of PVN to the exclusive
use of such Proprietary Information; and therefore, the Parties agree that the freeze period is intended to ensure such rights of PVN.

 

	10.	Upon
                                            termination of the Agreement, the Company shall immediately return to PVN and delete from
                                            its network all materials of any kind (whether in written or electronic form, computer files
                                            or otherwise) concerning the Proprietary Information, including all copies thereof, and it
                                            shall not retain any copies of such materials and shall erase such from all of his files
                                            and records in any format.

 

And
in Witness hereof the Parties sign and execute this Schedule 2

 

    -10-

     

    

 

	/s/ Fernando de la Vega	 	/s/ Dov Farkash
	PVN	 	Exoro Ltd (Company)
	 	 	 
	P.V. Nano Cell Ltd.	 	 
	 	 	 
	By: Fernando de la Vega	 	Dov Farkash

 

Confirmation:

 

We,
the undersigned, being the Principle and Representatives of the Company pursuant to the above Agreement, hereby confirm and undertake
towards PVN that we will personally comply with the undertakings and representations of the Company as detailed in this Schedule 2, Secrecy,
Intellectual Property And Non-Compete Undertakings.

 

	/s/ Dov Farkash	 	 
	Dov Farkash	 	 

 

 

-11-Exhibit 10.1

        

         

        

        CORECIVIC, INC.

        AMENDED AND RESTATED

        2020 STOCK INCENTIVE PLAN

      

      
        

        

        Section 1. Purpose.

      

      
        

        

        This plan shall be known as the CoreCivic, Inc. Amended and Restated 2020 Stock Incentive Plan (the “Plan”). The purpose of the Plan is to promote the interests of CoreCivic,
          Inc., a Maryland corporation (the “Company”), its Subsidiaries and its stockholders by (i) attracting and retaining key officers, employees, and directors of, and consultants to, the Company and its
          Subsidiaries and Affiliates; (ii) motivating such individuals by means of performance-related incentives to achieve long-range performance goals; (iii) enabling such individuals to participate in the long-term growth and financial success of the
          Company; (iv) encouraging ownership of stock in the Company by such individuals; and (v) linking their compensation to the long-term interests of the Company and its stockholders.

      

      
        

        

        Section 2. Definitions.

      

      
        

        

        As used in the Plan, the following terms shall have the meanings set forth below:

      

      
        

        

        (a) “Affiliate” means (i) any entity that, directly or indirectly, is controlled by the Company, (ii) any entity in
          which the Company has a significant equity interest, (iii) an affiliate of the Company, as defined in Rule 12b-2 promulgated under Section 12 of the Exchange Act, and (iv) any entity in which the Company has at least twenty percent (20%) of the
          combined voting power of the entity’s outstanding voting securities, in each case as designated by the Board as being a participating employer in the Plan.

         

        (b) “Award” means any Option, Stock Appreciation Right, Restricted Share Award, Restricted Share Unit, Performance
          Award, Other Stock-Based Award or other award granted under the Plan, whether singly, in combination or in tandem, to a Participant by the Committee (or the Board) pursuant to such terms, conditions, restrictions and/or limitations, if any, as
          the Committee (or the Board) may establish or which are required by applicable legal requirements.

         

        (c) “Award Agreement” means any written agreement, contract or other instrument or document evidencing any Award,
          which may, but need not, be executed or acknowledged by a Participant.

         

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

         

        (e) “Cause” means, unless otherwise defined in the applicable Award Agreement, (i) the engaging by the Participant
          in willful misconduct that is injurious to the Company or its Subsidiaries or Affiliates, or (ii) the embezzlement or misappropriation of funds or property of the Company or its Subsidiaries or Affiliates by the Participant. For purposes of this
          paragraph, no act, or failure to act, on the Participant’s part shall be considered “willful” unless done, or omitted to be done, by the Participant not in good faith and without reasonable belief that the Participant’s action or omission was in
          the best interest of the Company. Any determination of Cause for purposes of the Plan or any Award shall be made by the Committee in its sole discretion. Any such determination shall be final and binding on a Participant.

         

        (f) “Change in Control” means, unless otherwise defined in the applicable Award Agreement, any of the following
          events:

      

      
        

        

        (i) any person or entity, including a “group” as defined in Section 13(d)(3) of the Exchange Act, other than the Company or a
          wholly-owned subsidiary thereof or any employee benefit plan of the Company or any of its Subsidiaries, becomes the beneficial owner of the Company’s securities having 35% or more of the combined voting power of the then outstanding securities of
          the Company that may be cast for the election of directors of the Company (other than as a result of an issuance of securities initiated by the Company in the ordinary course of business);

         

        

      

      
        
          

      

      
      
        (ii) as the result of, or in connection with, any cash tender or exchange offer, merger or other business combination or contested
          election, or any combination of the foregoing transactions, less than a majority of the combined voting power of the then outstanding securities of the Company or any successor company or entity entitled to vote generally in the election of the
          directors of the Company or such other corporation or entity after such transaction are held in the aggregate by the holders of the Company’s securities entitled to vote generally in the election of directors of the Company immediately prior to
          such transaction;

         

        (iii) during any period of twelve (12) consecutive months, a majority of the members of the Board or other equivalent governing body of
          the Company cease to be composed of individuals (i) who were members of the Board or equivalent governing body on the first day of such period, (ii) whose election or nomination to the Board or equivalent governing body was approved by
          individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of the Board or equivalent governing body, or (iii) whose election or nomination to the Board or other equivalent governing
          body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of the Board or equivalent governing body;

         

        (iv) a complete liquidation or dissolution of the Company; or

         

        (v) the sale or other disposition of all or substantially all of the assets of the Company to any Person (other than a transfer to a
          Subsidiary).

      

      
        

        

        Notwithstanding the foregoing, (x) unless otherwise provided in an applicable Award Agreement, with respect to Awards constituting a “deferral of compensation” subject to Section 409A of the Code and solely for the purpose of determining the
          timing of any payments thereunder, a Change in Control shall be limited to a “change in the ownership of the Company,” a “change in the effective control of the Company,” or a “change in the ownership of a substantial portion of the assets of the
          Company” as such terms are defined in Section 1.409A-3(i)(5) of the U.S. Treasury Regulations, and (y) no Award Agreement shall define a Change in Control in such a manner that a Change in Control would be deemed to occur prior to the actual
          consummation of the event or transaction that results in a change of control of the Company (e.g., upon the announcement, commencement, or stockholder approval of any event or transaction that, if completed, would result in a change in control of
          the Company).

      

      
        

        

        (g) “Code” means the Internal Revenue Code of 1986, as amended from time to time.

         

        (h) “Committee” means a committee of the Board composed of not less than two Non-Employee Directors, at least two
          of whom shall qualify as a “non-employee director” for purposes of Exchange Act Section 16 and Rule 16b-3 thereunder, and each of whom shall be “independent” within the meaning of the listing standards of the New York Stock Exchange.

         

        (i) “Consultant” means any consultant to the Company or its Subsidiaries or Affiliates.

         

        (j) “Data” has the meaning set forth in Section 15.15 hereof.

         

        (k) “Director” means a member of the Board.

         

        (l) “Disability” means, unless otherwise defined in the applicable Award Agreement, a disability that would qualify
          as a total and permanent disability under the Company’s then current long-term disability plan.

         

        (m) “Effective Date” has the meaning set forth in Section 16.1 hereof.

         

        (n) “Employee” means a current or prospective officer or employee of the Company or of any Subsidiary or Affiliate.

         

        (o) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time.

         

        (p) “Fair Market Value” with respect to the Shares, means, for purposes of a grant of an Award as of any date, (i)
          the closing sales price of the Shares on the New York Stock Exchange, or any other such exchange or market as is the principal trading market for the Shares, 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 in either case, such other price based on actual trading on the applicable date that the Committee determines is appropriate) or (ii) in the event there is no public market for
          the Shares on such date, the fair market value as determined, in good faith and by the reasonable application of a reasonable valuation method, by the Board or Committee in its sole discretion, and for purposes of a sale of a Share as of any
          date, the actual sales price on that date.

         

        

      

      
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        (q) “Grant Price” means the base price per Share subject to a Stock Appreciation Right with respect to which the
          value of such Stock Appreciation Right is determined.

         

        (r) “Incentive Stock Option” means an option to purchase Shares from the Company that is granted under Section
            6 of the Plan and that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto. Any Option that is intended to meet the requirements of Section 422 of the Code, but fails to so qualify for any
          reason, shall be treated as a Non-Qualified Stock Option.

         

        (s) “Non-Qualified Stock Option” means an option to purchase Shares from the Company that is granted under Sections
            6 or 10 of the Plan and is not intended to be an Incentive Stock Option.

         

        (t) “Non-Employee Director” means a member of the Board who is not an officer or employee of the Company or any
          Subsidiary or Affiliate.

         

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

         

        (v) “Option Price” means the purchase price payable to purchase one Share upon the exercise of an Option.

         

        (w) “Other Stock-Based Award” means any Award granted under Sections 9 or 10 of the Plan.

         

        (x) “Participant” means any Employee, Director or Consultant who receives an Award under the Plan.

         

        (y) “Performance Award” means any Award granted under Section 8 of the Plan that is subject to the
          achievement of Performance Objectives.

         

        (z) “Performance Objectives” means the measurable performance objective or objectives established pursuant to this
          Plan for Participants who have received grants of Performance Awards. If the Committee determines that a change in the business, operations, corporate structure or capital structure of the Company, or the manner in which it conducts its business,
          or other events or circumstances render the Performance Objectives unsuitable, the Committee may in its discretion modify such Performance Objectives or the acceptable levels of achievement, in whole or in part, as the Committee deems appropriate
          and equitable. A non-exhaustive list of the potential Performance Objectives that may be used for awards under this Plan includes the following (including ratios or other relationships between one or more, or a combination, of the following
          examples of Performance Objectives, which may be measured on an absolute basis or relative to peer companies or specific business units of peer companies): earnings before interest, taxes, depreciation and/or amortization (“EBITDA”) or adjusted
          EBITDA; funds from operations (“FFO”) or adjusted FFO; operating income or profit; operating efficiencies; return on equity, assets, capital, capital employed or investment; after tax operating income; net income; earnings or book value per
          Share; utilization; net investment income; gross profit; loan loss ratios; stock price or total stockholder return; net asset growth; debt reduction; individual performance; environmental, social and governance related objectives; strategic
          business objectives, consisting of one or more objectives based on meeting specified cost targets, business expansion goals and goals relating to acquisitions or divestitures; any combination thereof.

         

        (aa) “Person” means any individual, corporation, partnership, limited liability company, association, joint-stock
          company, trust, unincorporated organization, government or political subdivision thereof or other entity.

         

        (bb) “Prior Plan” means the CoreCivic, Inc. Second Amended and Restated 2008 Stock Incentive Plan, as amended.

         

        (cc) “Restricted Share” means any Share granted under Sections 7 or 10 of the Plan.

         

        (dd) “Restricted Share Unit” means any unit granted under Sections 7 or 10 of the Plan.

         

        

      

      
        3

        
          

      

      
        (ee) “Retirement” means a Participant’s termination of employment in accordance with the provisions of the
          CoreCivic 401(k) Savings and Retirement Plan on or after such Participant’s Normal Retirement Date, as defined in such plan or, if a Participant is not covered by the CoreCivic 401(k) Savings and Retirement Plan, the Participant’s voluntary
          termination of employment on or after such Participant’s 62nd birthday.

         

        (ff) “SEC” means the Securities and Exchange Commission or any successor thereto.

         

        (gg) “Section 16” means Section 16 of the Exchange Act and the rules promulgated thereunder and any successor
          provision thereto as in effect from time to time.

         

        (hh) “Shares” means shares of common stock, $0.01 par value per share, of the Company.

         

        (ii) “Share Reserve” has the meaning set forth in Section 4.1 hereof.

         

        (jj) “Stock Appreciation Right” or “SAR” means a stock appreciation right
          granted under Section 6 of the Plan that entitles the holder to receive, upon exercise of such stock appreciation right, an amount equal to the product of (i) the excess of (A) the Fair Market Value of one Share on the exercise date (or,
          if the Committee shall so determine, at any time during a specified period before or after the exercise date), over (B) the Grant Price per Share of such stock appreciation right, multiplied by (ii) the number of Shares covered by the stock
          appreciation right.

         

        (kk) “Subsidiary” means any corporation or other entity in an unbroken chain of corporations or other entities
          beginning with the Company if each of the corporations or other entities, or group of commonly controlled corporations or other entities, other than the last corporation or other entity in the unbroken chain then owns stock or other equity
          interests possessing 50% or more of the total combined voting power of all classes of stock or other equity interests in one of the other corporations or other entities in such chain.

         

        (ll) “Substitute Awards” means Awards granted solely in assumption of, or in substitution for, outstanding awards
          previously granted by a company acquired by the Company or with which the Company combines.

         

        (mm) “Vesting Period” means the period of time specified by the Committee during which vesting restrictions for an
          Award are applicable.

      

      
        

        

        Section 3. Administration.

      

      
        

        

        3.1 Authority of Committee. The Plan shall be administered by the Committee, which shall be appointed by and serve at the pleasure of the Board; provided, however, with respect to Awards to
          Non-Employee Directors, all references in the Plan to the Committee shall be deemed to be references to the Board. Subject to the terms of the Plan and applicable law, and in addition to other express powers and authorizations conferred on the
          Committee by the Plan, the Committee shall have full power and authority in its discretion to: (i) designate Participants; (ii) determine the type or types of Awards to be granted to a Participant; (iii) determine the number of Shares to be
          covered by, or with respect to which payments, rights or other matters are to be calculated in connection with Awards; (iv) determine the timing, terms, and conditions of any Award; (v) accelerate the time at which all or any part of an Award may
          be settled or exercised; (vi) determine whether, to what extent, and under what circumstances, Awards may be settled or exercised in cash, Shares, 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; (vii) determine whether, to what extent, and under what circumstances cash, Shares, other securities, other Awards, other property, and other amounts
          payable with respect to an Award shall be deferred either automatically or at the election of the holder thereof or of the Committee; (viii) interpret and administer the Plan and any instrument or agreement relating to, or Award made under, the
          Plan; (ix) except to the extent prohibited by Section 6.2 or any other provision of the Plan, amend or modify the terms of any Award at or after grant with or without the consent of the holder of the Award; (x) establish, amend, suspend
          or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; and (xi) make any other determination and take any other action that the Committee deems necessary or desirable
          for the administration of the Plan, subject to the exclusive authority of the Board under Section 14 hereunder to amend or terminate the Plan. The exercise of an Option or receipt of an Award shall be effective only if an Award Agreement
          shall have been duly executed and delivered on behalf of the Company following the grant of the Option or other Award.

         

        

      

      
        4

        
          

      

      
        3.2 Committee Discretion Binding. Unless otherwise expressly provided in the Plan, all designations, determinations, interpretations, and other decisions under or with
          respect to the Plan or any Award 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, including the Company, any Subsidiary or Affiliate, any Participant and
          any holder or beneficiary of any Award.

         

        3.3 Action by the Committee. The exercise of an Option or receipt of an Award shall be effective only if an Award Agreement shall have been duly executed and delivered on
          behalf of the Company following the grant of the Option or other Award by the Committee. Subject to the Committee’s charter and applicable legal requirements (including the rules and regulations of the New York Stock Exchange), the Committee may
          make such rules and regulations for the conduct of its business as it shall deem advisable.

         

        3.4 Delegation. Subject to the terms of the Plan, the Committee’s charter and applicable law, the Committee may delegate to one or more officers or managers of the Company
          or of any Subsidiary or Affiliate, or to a Committee of such officers or managers, the authority, subject to such terms and limitations as the Committee shall determine, to grant Awards to or to cancel, modify or waive rights with respect to, or
          to alter, discontinue, suspend or terminate Awards held by Participants who are not officers or directors of the Company for purposes of Section 16 or who are otherwise not subject to such Section. The Committee delegates the authority for
          ministerial administration of the Plan and Awards made under the Plan to the Company.

         

        3.5 No Liability. No member of the Board or Committee shall be liable for any action taken or determination made in good faith with respect to the Plan or any Award granted
          hereunder.

      

      
        

        

        Section 4. Shares Available for Awards.

      

      
        

        

        4.1 Shares Available; Share Counting.

      

      
        

        

        Subject to the provisions of Section 4.2 hereof, the maximum aggregate number of Shares which may be issued pursuant to all Awards after the Effective Date of this Plan is equal to (a) the sum of (i)
          5,900,000 Shares plus (ii) 889,490 Shares which represents the number of Shares available for grant under the CoreCivic, Inc. 2020 Stock Incentive Plan (the “Original Plan”) as of February 28, 2022, less
          (b) one (1) Share for every Share that was subject to an Award granted after February 28, 2022 under the Original Plan (such aggregate amount, as further adjusted pursuant to this Section 4.1, the “Share
            Reserve”). Following the Original Effective Date of the Original Plan, no further grants have been made, nor shall be made, under the Prior Plan, and no further grants under the Prior Plan will be made under the Plan. Following the
          Effective Date, no further grants shall be made under the Original Plan. The number of Shares with respect to which Incentive Stock Options may be granted after the Effective Date shall be no more than 1,000,000. Each Share subject to the grant
          of an Award shall reduce the Share Reserve by one (1) Share. If any Award (or portion thereof) granted under this Plan shall expire, terminate, be settled in cash or otherwise be forfeited or canceled for any reason before it has vested or been
          exercised in full, the Shares subject to such Award shall, to the extent of such expiration, cash settlement, forfeiture, or termination, again be available for Awards under the Plan and the Share Reserve shall be increased in accordance with
          this Section 4.1.  If any Award (or portion thereof) granted under the Original Plan or Prior Plan shall thereafter expire, terminate, be settled in cash or otherwise be forfeited or canceled for any reason before it has vested or been
          exercised in full, the Shares subject to such Award shall, to the extent of such expiration, cash settlement, forfeiture, or termination, again be available for Awards under this Plan, and the Share Reserve shall be increased, in accordance with
          this Section 4.1. Any Shares that again become available for grant pursuant to this Section 4.1 shall be added back as one (1) Share. Notwithstanding the foregoing, Shares relating to any Award under the Plan, the Original Plan or
          the Prior Plan will not again become available for Awards under this Plan in the following circumstances: (i) Shares tendered or withheld in payment of the Option Price of an Option, (ii) Shares tendered or withheld to satisfy any tax withholding
          obligation with respect to an Option or Stock Appreciation Right, (iii) Shares repurchased by the Company with proceeds received from the exercise of an Option, and (iv) Shares subject to a Stock Appreciation Right that are not issued in
          connection with the Share settlement of that Stock Appreciation Right upon its exercise. Shares tendered or withheld to satisfy any tax withholding obligation with respect to the settlement or payment of Restricted Shares, Restricted Share Units
          and Performance Awards and Other Stock-Based Awards denominated in the full value of Shares shall again be available for Awards under the Plan. For purposes of this Section 4.1, if an Award entitles the holder thereof to receive or
          purchase Shares, the number of Shares covered by such Award or to which such Award relates shall be counted on the date of grant of such Award against the aggregate number of Shares available for Awards under the Plan; provided, however, that the number of Shares covered by a Performance Award or to which such Performance Award relates shall be counted against the aggregate number of Shares available for Awards under the Plan on the date such
          Performance Awards vest, if at all.

         

        

      

      
        5

        
          

      

      
        4.2 Adjustments. In the event that any unusual or non-recurring transactions, including an unusual or non-recurring dividend or other distribution (whether in the form of an
          extraordinary cash dividend, dividend of Shares, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares or
          other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company, or other similar corporate transaction or event affects the Shares, then the Committee shall in an equitable and
          proportionate manner (and, as applicable, in such equitable and proportionate manner as is consistent with Sections 422 and 409A of the Code, either: (i) adjust any or all of (1) the aggregate number of Shares or other securities of the Company
          (or number and kind of other securities or property) with respect to which Awards may be granted under the Plan; (2) the number of Shares or other securities of the Company (or number and kind of other securities or property) subject to
          outstanding Awards under the Plan, provided that the number of Shares subject to any Award shall always be a whole number; (3) the grant or exercise price with respect to any Award under the Plan; and (4) the limits on the number of Shares or
          Awards that may be granted to Participants under the Plan in any calendar year; (ii) provide for an equivalent award in respect of securities of the surviving entity of any merger, consolidation or other transaction or event having a similar
          effect; or (iii) make provision for a cash payment to the holder of an outstanding Award.

         

        4.3 Substitute Awards. Any Shares issued by the Company as Substitute Awards in connection with the assumption or substitution of outstanding grants from any acquired
          corporation shall not reduce the Shares available for Awards under the Plan.

         

        4.4 Sources of Shares Deliverable Under Awards. Any Shares delivered pursuant to an Award may consist, in whole or in part, of authorized and unissued Shares or of issued
          Shares which have been reacquired by the Company.

      

      
        

        

        Section 5. Eligibility.

      

      
        

        

        Any Employee, Director or Consultant shall be eligible to be designated a Participant; provided, however, that Non-Employee Directors shall only be eligible to receive Awards granted consistent with Section 10.
          Incentive Stock Options may be granted only to employees of the Company or any Subsidiary that is a “subsidiary corporation” within the meaning of Section 424(f) of the Code.

      

      
        

        

        Section 6. Stock Options and Stock Appreciation Rights.

      

      
        

        

        6.1 Grant. Subject to the provisions of the Plan, including, without limitation, Section 3.4 and Section 6.6, the Committee shall have sole and complete
          authority to determine the Participants to whom Options and SARs shall be granted, the number of Shares subject to each such Award, the Option Price (or Grant Price) and the conditions and limitations applicable to the exercise of each Option and
          SAR. An Option may be granted with or without a related SAR. A SAR may be granted with or without a related Option. The grant of an Option or SAR shall occur when the Committee by resolution, written consent or other appropriate action determines
          to grant such Option or SAR for a particular number of Shares to a particular Participant at a particular Option Price or Grant Price, as the case may be, or such later date as the Committee shall specify in such resolution, written consent or
          other appropriate action. The Committee shall have the authority to grant Incentive Stock Options and to grant Non-Qualified Stock Options. In the case of Incentive Stock Options, the terms and conditions of such grants shall be subject to and
          comply with Section 422 of the Code, as from time to time amended, and any regulations implementing such statute. A person who has been granted an Option or SAR under this Plan may be granted additional Options or SARs under the Plan if the
          Committee shall so determine.

      

      
        

        

        
          6

          
            

        

        6.2 Price. The Committee in its sole discretion shall establish the Option Price at the time each Option is granted. The Option Price of an Option may not be less than one
          hundred percent (100%) of the Fair Market Value of the Shares with respect to which the Option is granted on the date of grant of such Option. The Committee in its sole discretion shall establish the Grant Price at the time each SAR is granted.
          The Grant Price of an SAR may not be less than one hundred percent (100%) of the Fair Market Value of the Shares with respect to which the SAR is granted on the date of grant of such SAR. Notwithstanding the foregoing and except as permitted by
          the provisions of Section 4.2 and Section 14 hereof, the Committee shall not have the power to (i) amend the terms of previously granted Options or SARs to reduce the Option Price of such Options or the Grant Price of such SARs,
          (ii) cancel such Options or SARS in exchange for a cash payment or any other Award, including substitute Options or SARs with a lower Option Price than the canceled Options or a lower Grant Price than the canceled SARs, or (iii) take any other
          action with respect to an Option or SAR that would be treated as a repricing under the rules and regulations of the New York Stock Exchange or such other principal securities exchange on which the Shares are traded, in each case without the
          approval of the Company’s stockholders.

         

        

      

      
        6.3 Term. Subject to the Committee’s authority under Section 3.1 and the provisions of Section 6.4, each Option and SAR and all rights and obligations
          thereunder shall expire on the date determined by the Committee and specified in the Award Agreement. The Committee shall be under no duty to provide terms of like duration for Options or SARs granted under the Plan. Notwithstanding the foregoing
          and except as provided in Section 6.4(a) hereof, no Option or SAR shall be exercisable after the expiration of ten (10) years from the date such Option or SAR was granted.

         

        6.4 Exercise.

      

      
        

        

        (a) Each Option and SAR shall be exercisable at such times and subject to such terms and conditions as the Committee may, in its sole discretion, specify in the applicable Award Agreement or thereafter. The Committee
          shall have full and complete authority to determine, subject to Section 6.5 herein, whether an Option or SAR will be exercisable in full at any time or from time to time during the term of the Option or SAR, or to provide for the exercise
          thereof in such installments, upon the occurrence of such events and at such times during the term of the Option or SAR as the Committee may determine. The Committee may provide, at or after grant, that the period of time over which an Option,
          other than an Incentive Stock Option, or SAR may be exercised shall be automatically extended if on the scheduled expiration of such Award, the Participant’s exercise of such Award would violate applicable securities law; provided, however, (i) that during the extended exercise period the Option or SAR may only be exercised to the extent such Award was exercisable in accordance with its terms immediately prior to such scheduled
          expiration date, (ii) that such extended exercise period shall end not later than thirty (30) days after the exercise of such Option or SAR first would no longer violate such laws, and (iii) if such extension is not provided by the original Award
          Agreement, such extension shall not extend beyond the tenth anniversary of the applicable grant date.

         

        (b) The Committee may impose such conditions with respect to the exercise of Options or SARs, including without limitation, any relating to the application of federal, state or foreign securities laws or the Code, as
          it may deem necessary or advisable. The exercise of any Option granted hereunder shall be effective only at such time as the sale of Shares pursuant to such exercise will not violate any state or federal securities or other laws.

      

      
        

        

        (c) An Option or SAR may be exercised in whole or in part at any time, with respect to whole Shares only, within the period permitted thereunder for the exercise thereof, and shall be exercised by written notice of
          intent to exercise the Option or SAR, delivered to the Company at its principal office, and payment in full to the Company at the direction of the Committee of the amount of the Option Price for the number of Shares with respect to which the
          Option is then being exercised.

      

      
         

        (d) Payment of the Option Price shall be made (i) in cash or cash equivalents, (ii) at the discretion of the Committee, by transfer, either actually or by attestation, to the Company of unencumbered Shares previously
          acquired by the Participant valued at the Fair Market Value of such Shares on the date of exercise (or next succeeding trading date, if the date of exercise is not a trading date), together with any applicable withholding taxes, such transfer to
          be upon such terms and conditions as determined by the Committee, (iii) by a combination of such cash (or cash equivalents) and Shares, or (iv) at the discretion of the Committee and subject to applicable securities laws, by (A) delivering a
          notice of exercise of the Option and simultaneously selling the Shares thereby acquired, pursuant to a brokerage or similar agreement approved in advance by proper officers of the Company, using the proceeds of such sale as payment of the Option
          Price, together with any applicable withholding taxes or (B) the Company withholding Shares otherwise deliverable to the Participant pursuant to the Option having an aggregate Fair Market Value at the time of exercise equal to the total Option
          Price together with any applicable withholding taxes, subject to Section 15.6. Until the Participant has been issued the Shares subject to such Option exercise, they shall possess no rights as a stockholder with respect to such Shares.

         

        

      

      
        7

        
          

      

      
        (e) At the Committee’s discretion, the amount payable as a result of the exercise of an SAR may be settled in cash, Shares or a combination of cash and Shares. A fractional Share shall not be deliverable upon the
          exercise of a SAR, but a cash payment will be made in lieu thereof.

      

      
        

        

        6.5 Transferability of Options. Except as provided in this Section 6.5, no Options or SARs shall be (i) transferable otherwise than by will or the laws of descent and
          distribution, or (ii) exercisable during the lifetime of the Participant by anyone other than the Participant. Non-Qualified Stock Options granted to a Participant may be transferred by such Participant to a permitted transferee (as defined
          below), provided that (i) such Non-Qualified Stock Options shall be fully vested; (ii) there is no consideration for such transfer (other than receipt by the Participant of interest in an entity that is a permitted transferee); (iii) the
          participant (or such Participant’s estate or representative) shall remain obligated to satisfy all income or other tax withholding obligations associated with the exercise of such Non-Qualified Stock Options; (iv) the Participant shall notify the
          Company in writing prior to such transfer and disclose to the Company the name and address of the permitted transferee and the relationship of the permitted transferee to the Participant; and (v) such transfer shall be effected pursuant to
          transfer documents in a form approved by the Company. A permitted transferee may not further assign or transfer any such Non-Qualified Stock Options otherwise than by will or the laws of descent and distribution. Following the transfer of
          Non-Qualified Stock Options to a permitted transferee, such Non-qualified Options shall continue to be subject to the same terms and conditions that applied to them prior to their transfer by the Participant, except that they shall be exercisable
          by the permitted transferee to whom such transfer was made rather than by the transferring Participant. For the purposes of the Plan, the term “permitted transferee” means, with respect to a Participant, (i) any child, stepchild, grandchild,
          parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law of the Participant, including adoptive relationships, and (ii) a trust, partnership or other entity in
          which the Participant or the persons described in clause (i) above have more than fifty percent of the beneficial interest.

         

        6.6 Minimum Vesting Period. Except for Substitute Awards, or in connection with the death or Disability of the Participant, or in the event of a Change in Control, Options
          and SARs shall have a Vesting Period of not less than one (1) year from the date of grant; provided, that the Committee has the discretion to waive this requirement with respect to an Award at or after grant, so long as the total number of Shares
          that are issued pursuant to Awards having an originally stated Vesting Period of less than one year from the date of grant (inclusive of any performance periods related thereto) shall not exceed 5% of the Share Reserve.

      

      
        

        

        Section 7. Restricted Shares and Restricted Share Units.

      

      
        

        

        7.1 Grant.

      

      
         

        (a) Subject to the provisions of the Plan, including, but not limited to, Section 7.5, and other applicable legal requirements, the Committee shall have sole and complete authority to determine the
          Participants to whom Restricted Shares and Restricted Share Units shall be granted, the number of Restricted Shares and/or the number of Restricted Share Units to be granted to each Participant, the duration of the period during which, and the
          conditions under which, the Restricted Shares and Restricted Share Units may be forfeited to the Company, and the other terms and conditions of such Awards. The Restricted Share and Restricted Share Unit Awards shall be evidenced by Award
          Agreements in such form as the Committee shall from time to time approve, which agreements shall comply with and be subject to the terms and conditions provided hereunder and any additional terms and conditions established by the Committee that
          are consistent with the terms of the Plan.

         

        

      

      
        8

        
          

      

      
        (b) Each Restricted Share Award and Restricted Share Unit Award made under the Plan shall be for such number of Shares as shall be determined by the Committee and set forth in the Award Agreement containing the terms
          of such Award. Such agreement shall set forth a period of time during which the grantee must remain in the continuous employment (or other service-providing capacity) of the Company in order for the forfeiture and transfer restrictions to lapse.
          If the Committee so determines or the Award Agreement so provides, the restrictions may lapse during such restricted period in installments with respect to specified portions of the Shares covered by the Restricted Share Award or Restricted Share
          Unit Award. The Award Agreement may also, in the discretion of the Committee, set forth performance or other conditions under which restrictions on the Shares may lapse or that will subject the Shares to forfeiture and transfer restrictions,
          including the Performance Objectives. The Committee may, at its discretion, waive all or any part of the restrictions applicable to any or all outstanding Restricted Share Awards and Restricted Share Unit Awards.

      

      
        

        

        7.2 Delivery of Restricted Shares and Transfer Restrictions.

      

      
        

        

        (a) At the time of grant of a Restricted Share Award, a certificate representing the number of Shares awarded thereunder shall be registered in the name of the Participant
          receiving the Award. Such certificate shall be held by the Company or any custodian appointed by the Company for the account of the Participant subject to the terms and conditions of the Plan, and shall bear such a legend setting forth the
          restrictions imposed thereon as the Committee, in its discretion, may determine. The foregoing to the contrary notwithstanding, the Committee may, in its discretion, provide that a Participant’s ownership of Restricted Shares prior to the lapse
          of any transfer restrictions or any other applicable restrictions shall, in lieu of such certificates, be evidenced by a “book entry” (i.e., a computerized or manual entry) in the records of the Company or
          its designated agent in the name of the Participant who has received such Award, and confirmation and account statements sent to the Participant with respect to such book-entry Shares may bear the restrictive legend referenced in the preceding
          sentence. Such records of the Company or such agent shall, absent manifest error, be binding on all Participants who receive Restricted Share Awards evidenced in such manner. The holding of Restricted Shares by the Company or such an escrow
          holder, or the use of book entries to evidence the ownership of Restricted Shares, in accordance with this Section 7.2(a), shall not affect the rights of Participants as owners of the Restricted Shares awarded to them, nor affect the
          restrictions applicable to such shares under the Award Agreement or the Plan, including the transfer restrictions.

      

      
        

        

        (b) Unless otherwise provided in the applicable Award Agreement, a Participant receiving an Award of Restricted Shares shall have all rights of a stockholder with respect to the Restricted Shares, including the right
          to receive dividends and the right to vote such Shares, subject to the following restrictions: (i) the Participant shall not be entitled to delivery of the stock certificate until the expiration of the restricted period and the fulfillment of any
          other restrictive conditions set forth in the Award Agreement with respect to such Shares; (ii) none of the Shares may be sold, assigned, transferred, pledged, hypothecated or otherwise encumbered or disposed of during such restricted period or
          until after the fulfillment of any such other restrictive conditions; and (iii) except as otherwise determined by the Committee at or after grant or as provided in the applicable Award Agreement, all of the Shares shall be forfeited and all
          rights of the Participant to such Shares shall terminate, without further obligation on the part of the Company, unless the Participant remains in the continuous employment (or other service-providing capacity) of the Company for the entire
          restricted period in relation to which such Shares were granted and unless any other restrictive conditions relating to the Restricted Share Award are met. Any dividends payable with respect to the Restricted Shares (whether in the form of cash,
          Shares, other securities of the Company or any other property) shall be subject to the same restrictions, terms and conditions as such Restricted Shares and paid to the Participant only if, when and to the extent the restrictions on such
          Restricted Shares lapse.

      

      
        

        

        7.3 Termination of Restrictions on Restricted Shares. At the end of the restricted period and provided that any other restrictive conditions of a Restricted Share Award are
          met, or at such earlier time as otherwise determined by the Committee, all restrictions set forth in the Award Agreement relating to the Restricted Share Award or in the Plan shall lapse as to the Restricted Shares subject thereto, and a stock
          certificate for the appropriate number of Shares, free of the restrictions and restricted stock legend, shall be delivered to the Participant or the Participant’s beneficiary or estate, as the case may be (or, in the case of book-entry Shares,
          such restrictions and restricted stock legend shall be removed from the confirmation and account statements delivered to the Participant or the Participant’s beneficiary or estate, as the case may be, in book-entry form).

         

        

      

      
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        7.4 Restricted Share Units. Each Restricted Share Unit shall have a value equal to the Fair Market Value of a Share. Restricted Share Units shall be paid in cash, Shares,
          other securities or other property, as determined in the sole discretion of the Committee, upon the lapse of the restrictions applicable thereto, or otherwise in accordance with the applicable Award Agreement. Except as otherwise provided herein,
          a Participant receiving a grant of Restricted Share Units shall have no rights of a stockholder with respect to such Restricted Share Units until the restrictions set forth in the applicable Award Agreement have lapsed and any Shares payable
          thereunder have been delivered to the Participant. The applicable Award Agreement will specify whether a Participant will be entitled to receive dividend equivalent rights in respect of Restricted Share Units at the time of any payment of
          dividends to stockholders on Shares. If the applicable Award Agreement specifies that a Participant will be entitled to receive dividend equivalent rights, (i) the amount of any such dividend equivalent right shall equal the amount that would be
          payable to the Participant as a stockholder in respect of a number of Shares equal to the number of Restricted Share Units then credited to the Participant, and (ii) no dividend equivalents shall be paid on unvested Restricted Share Units until
          such Restricted Share Units have vested. Except as otherwise determined by the Committee at or after grant, Restricted Share Units may not be sold, assigned, transferred, pledged, hypothecated or otherwise encumbered or disposed of. In addition,
          except as otherwise determined by the Committee at or after grant or as may otherwise be provided in any Award Agreement (but in any event subject to Section 7.5) all Restricted Share Units and all rights of the Participant to such
          Restricted Share Units shall terminate, without further obligation on the part of the Company, unless the Participant remains in continuous employment (or other service-providing capacity) of the Company for the entire restricted period in
          relation to which such Restricted Share Units were granted and unless any other restrictive conditions relating to the Restricted Share Unit Award are met.

         

        7.5 Minimum Vesting Period. Except for Substitute Awards, or the death or Disability of the Participant, or in the event of a Change in Control, Restricted Share Awards and
          Restricted Share Unit Awards (including those issued as or as payment for Performance Awards) shall have a Vesting Period of not less than one (1) year from the date of grant (inclusive of any performance periods related thereto); provided, that the Committee has the discretion to waive this requirement with respect to an Award at or after grant, so long as the total number of Shares that are issued pursuant to Awards having an
          originally stated Vesting Period of less than one year from the date of grant (inclusive of any performance periods related thereto) shall not exceed 5% of the Share Reserve.

      

      
        

        

        Section 8. Performance Awards.

      

      
         

        8.1 Grant. The Committee shall have sole and complete authority to determine the Participants who shall receive a Performance Award, which shall consist of a right that is
          (i) denominated in cash or Shares (including but not limited to Restricted Shares and Restricted Share Units), (ii) valued, as determined by the Committee, in accordance with the achievement of such Performance Objectives during such performance
          periods as the Committee shall establish, and (iii) payable at such time and in such form as the Committee shall determine.

      

      
        

        

        8.2 Terms and Conditions. Subject to the terms of the Plan and any applicable Award Agreement, the Committee shall determine the Performance Objectives to be achieved during
          any performance period, the length of any performance period, the amount of any Performance Award and the amount and kind of any payment or transfer to be made pursuant to any Performance Award, and may amend specific provisions of the
          Performance Award; provided, that such amendment may not adversely affect existing Performance Awards made within a performance period commencing prior to implementation of the amendment without the
          consent of the affected Participant; provided further, that the minimum Vesting Period requirements set forth in Section 6.6 and Section 7.5 shall apply to grants of Performance Awards
          hereunder. No Performance Award shall have a term in excess of ten (10) years.

         

        8.3 Payment of Performance Awards. Performance Awards may be paid in a lump sum or in installments following the close of the performance period or, in accordance with the
          procedures established by the Committee, on a deferred basis. Termination of employment (or other service-providing capacity) prior to the end of any performance period, other than for reasons of death or Disability, will result in the forfeiture
          of the Performance Award, and no payments will be made. The Committee may, in its discretion, waive any Performance Objectives and/or other terms and conditions relating to a Performance Award. A Participant’s rights to any Performance Award may
          not be sold, assigned, transferred, pledged, hypothecated or otherwise encumbered or disposed of in any manner, except by will or the laws of descent and distribution, and/or except as the Committee may determine at or after grant.

         

        

      

      
        10

        
          

      

      
        Section 9. Other Stock-Based Awards.

      

      
        

        

        The Committee shall have the authority to determine the Participants who shall receive an Other Stock-Based Award, which shall consist of any right that is (i) not an Award described in Section 6, Section
            7 or Section 8 above and (ii) an Award of Shares or an Award denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to, Shares (including, without limitation, securities convertible
          into Shares), as deemed by the Committee to be consistent with the purposes of the Plan. Subject to the terms of the Plan and any applicable Award Agreement, the Committee shall determine the terms and conditions of any such Other Stock-Based
          Award; provided further, that the minimum Vesting Period requirements set forth in Section 6.6 and Section 7.5 and the treatment of dividends and dividend equivalents as set forth in Section 15.2 shall apply to Other
          Stock-Based Awards. No Other Stock-Based Award shall have a term in excess of ten (10) years.

      

      
        

        

        Section 10. Non-Employee Director Awards.

      

      
        

        

        10.1 The Board may provide that all or a portion of a Non-Employee Director’s annual retainer, meeting fees and/or other awards or compensation as determined by the Board, be payable (either automatically or at the
          election of a Non-Employee Director) in the form of Non-Qualified Stock Options, Restricted Shares, Restricted Share Units and/or Other Stock-Based Awards, including unrestricted Shares. The Board shall determine the terms and conditions of any
          such Awards, including the terms and conditions which shall apply upon a termination of the Non-Employee Director’s service as a member of the Board, and shall have full power and authority in its discretion to administer such Awards, subject to
          the terms of the Plan and applicable law.

      

      
        

        

        10.2 Notwithstanding anything herein to the contrary, the aggregate value of all compensation paid or granted, as applicable, to any individual for service as a Non-Employee Director with respect to any calendar
          year, including Awards granted and cash fees paid by the Company to such Non-Employee Director, shall not exceed five hundred thousand dollars ($500,000) in value, calculating the value of any equity Awards granted during such calendar year based
          on the grant date fair value of such Awards for financial reporting purposes. The Board may make exceptions to the applicable limit in this Section 10.2 for individual Non-Employee Directors in extraordinary circumstances, such as where
          any such individual Non-Employee Directors are serving on a special litigation or transactions committee of the Board, as the Board may determine in its discretion, provided that the Non-Employee Director receiving such additional compensation
          may not participate in the decision to award such compensation involving such Non-Employee Director.

      

      
        

        

        Section 11. Transfers and Leaves of Absence.

      

      
         

        For purposes of the Plan, unless the Committee determines otherwise: (a) a transfer of a Participant’s employment or other service-providing capacity without an intervening period of separation among the Company or
          any other Subsidiary shall not be deemed a termination of employment, and (b) a Participant who is granted in writing a leave of absence or who is entitled to a statutory leave of absence shall be deemed to have remained in the employ of the
          Company (or other Subsidiary) during such leave of absence.

      

      
        

        

        Section 12. Termination of Employment.

      

      
        

        

        The Committee shall have the full power and authority to determine the terms and conditions that shall apply to any Award upon a termination of employment (or other service-providing capacity) with the Company, its
          Subsidiaries and Affiliates, including a termination by the Company with or without Cause, by a Participant voluntarily, or by reason of death, Disability or Retirement, and may provide such terms and conditions in the Award Agreement or in such
          rules and regulations as it may prescribe.

      

      
        

        

        Section 13. Change in Control.

      

      
        

        

        Unless otherwise provided in an Award Agreement at or after grant, or by the Committee by resolution prior to a Change in Control, a Change in Control shall not affect the vesting or exercisability of, or
          restrictions applicable to, outstanding Awards.

         

        

      

      
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        Section 14. Amendment and Termination.

      

      
         

        14.1 Amendments to the Plan. The Board may amend, alter, suspend, discontinue or terminate the Plan or any portion thereof at any time (and in accordance with Section 409A
          of the Code with regard to Awards subject thereto); provided that 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 (including the rules and regulations of the New York Stock Exchange) for which or with which the Board deems it necessary or desirable to comply.

      

      
        

        

        14.2 Amendments to Awards. Subject to the restrictions of Section 6.2, the Committee may waive any conditions or rights under, amend any terms of or alter, suspend,
          discontinue, cancel or terminate, any Award theretofore granted, prospectively or retroactively (and in accordance with Section 409A of the Code with regard to Awards subject thereto); provided, that any
          such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination that would materially and adversely affect the rights of any Participant under any Award theretofore granted shall not to that extent be effective without
          the consent of the affected Participant.

         

        14.3 Adjustments of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events. The Committee is hereby authorized to make equitable and proportionate adjustments
          in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (and shall make such adjustments for events described in Section 4.2 hereof) affecting the Company, any Subsidiary or
          Affiliate, or the financial statements of the Company or any Subsidiary or Affiliate, or of changes in applicable laws, regulations or accounting principles, subject to any restrictions otherwise set forth in the Plan.

         

        14.4 Recoupment of Awards. Any Award granted pursuant to this Plan shall be subject to mandatory repayment by the Participant to the Company (i) to the extent set forth in
          any Award Agreement, (ii) to the extent that such Participant is, or in the future becomes, subject to (a) any “clawback” or recoupment policy adopted by the Company or any Affiliate thereof to comply with the requirements of any applicable laws,
          rules or regulations, including pursuant to final rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, or otherwise, or (b) any applicable laws which impose mandatory recoupment, under circumstances
          set forth in such applicable laws, including the Sarbanes-Oxley Act of 2002.

      

      
        

        

        Section 15. General Provisions.

      

      
        

        

        15.1 Limited Transferability of Awards. Except as otherwise provided in the Plan, no Award shall be assigned, alienated, pledged, attached, sold or otherwise transferred or
          encumbered by a Participant, except by will or the laws of descent and distribution and/or as may be provided by the Committee in its discretion, at or after grant, in the Award Agreement, but in no event shall an Award be transferred to a third
          party for consideration. No transfer of an Award by will or by laws of descent and distribution shall be effective to bind the Company unless the Company shall have been furnished with written notice thereof and an authenticated copy of the will
          and/or such other evidence as the Committee may deem necessary or appropriate to establish the validity of the transfer.

      

      
        

        

        15.2 Dividend Equivalents. In the sole and complete discretion of the Committee, an Award (excluding Options and SARs other than in connection with Section 4.2) may
          provide the Participant with dividends or dividend equivalents. All dividend or dividend equivalents which are not paid currently may, at the Committee’s discretion, accrue interest or be reinvested into additional Shares. In the case of
          dividends or dividend equivalents credited in connection with Performance Awards or Other Stock-Based Awards, dividends or dividend equivalent rights, if any, shall be credited as additional Performance Awards or Other Stock-Based Awards
          (including cash if so determined by the Committee) and paid to the Participant only if and when, and to the extent that, payment is made pursuant to such Award.

          

        

      

      
        12

        
          

      

      
        15.3 Compliance with Section 409A of the Code. No Award (or modification thereof) shall provide for deferral of compensation that does not comply with Section 409A of the
          Code unless the Committee, at the time of grant, specifically provides that the Award is not intended to comply with Section 409A of the Code. Notwithstanding any provision of this Plan to the contrary, if one or more of the payments or benefits
          received or to be received by a Participant pursuant to an Award would cause the Participant to incur any additional tax or interest under Section 409A of the Code, the Committee may reform such provision to maintain to the maximum extent
          practicable the original intent of the applicable provision without violating the provisions of Section 409A of the Code. In the event that it is reasonably determined by the Committee that, as a result of Section 409A of the Code, payments in
          respect of any Award under the Plan may not be made at the time contemplated by the terms of the Plan or the relevant Award Agreement, as the case may be, without causing the Participant holding such Award to be subject to taxation under Section
          409A of the Code, the Company will make such payment on the first day that would not result in the Participant incurring any tax liability under Section 409A of the Code; which, if the Participant is a “specified employee” within the meaning of
          the Section 409A, shall be the first day following the six-month period beginning on the date of Participant’s termination of employment. Unless otherwise provided in an Award Agreement or other document governing the issuance of such Award,
          payment of any Award intended to qualify as a “short term deferral” within the meaning of Section 1.409A-1(b)(4)(i) of the U.S. Treasury Regulations shall be made between the first day following the close of the applicable performance period and
          the last day of the “applicable 2 1⁄2 month period” as defined therein. Notwithstanding the foregoing, each Participant is solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on
          him or her, or in respect of any payment or benefit delivered in connection with the Plan (including any taxes and penalties under Section 409A of the Code), and the Company shall not have any obligation to indemnify or otherwise hold any
          Participant harmless from any or all such taxes or penalties.

         

        15.4 No Rights to Awards. No Person shall have any claim to be granted any Award, and there is no obligation for uniformity of treatment of Participants or holders or
          beneficiaries of Awards. The terms and conditions of Awards need not be the same with respect to each Participant.

         

        15.5 Share Certificates. All certificates for Shares or other securities of the Company or any Subsidiary or Affiliate delivered under the Plan pursuant to any Award or the
          exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations and other requirements of the SEC or any state securities commission or regulatory
          authority, any stock exchange or other market upon which such Shares or other securities are then listed, and any applicable Federal or state laws, and the Committee may cause a legend or legends to be put on any such certificates to make
          appropriate reference to such restrictions.

         

        15.6 Withholding. The Company shall have the right to deduct from any payment made under the Plan, or from any compensation or other amount owing to a Participant by the
          Company, any Affiliate or any Subsidiary, any federal, state or local income or other taxes required by law to be withheld with respect to such payment. It shall be a condition to the obligation of the Company to deliver Shares upon the exercise,
          vesting or payment of any Award that the Participant pays to the Company such amount as may be requested by the Company for the purpose of satisfying any liability for such withholding taxes; provided however,
          that the Committee may in its discretion permit a Participant to satisfy or arrange to satisfy, in whole or in part, the tax obligations incident to an Award by: (a) electing to have the Company withhold Shares or other property otherwise
          deliverable to such Participant pursuant to the Award and/or (b) tendering to the Company Shares owned by such Participant (or by such Participant and his or her spouse jointly) and purchased or held for the requisite period of time (if any) as
          may be required to avoid the Company’s or the Affiliates’ or Subsidiaries’ incurring an adverse accounting charge, based, in each case, on the Fair Market Value of the Shares on the payment or other relevant date as determined by the Committee.
          In no event will the Fair Market Value of the Shares to be withheld and delivered pursuant to this Section 15.6 exceed the minimum amount required to be withheld, unless (i) an additional amount can be withheld and not result in adverse
          accounting consequences, (ii) such additional withholding amount is authorized by the Committee, and (iii) the total amount withheld does not exceed the Participant’s estimated tax obligations attributable to the applicable transaction.
          Participants will also make such arrangements as the Company may require for the payment of any withholding tax or other obligation that may arise in connection with the disposition of Shares acquired upon the exercise of Stock Options. All such
          elections shall be irrevocable, made in writing, signed by the Participant, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate.

          

        

      

      
        13

        
          

      

      
        15.7 Award Agreements. Each Award hereunder shall be evidenced by a form of Award Agreement approved by the Board that shall be delivered to the Participant and may specify
          the terms and conditions of the Award and any rules applicable thereto. In the event of a conflict between the terms of the Plan and any Award Agreement, the terms of the Plan shall prevail. The Committee shall, subject to applicable law,
          determine the date an Award is deemed to be granted. The Committee or, except to the extent prohibited under applicable law, its delegate(s) may establish the terms of agreements or other documents evidencing Awards under this Plan and may, but
          need not, require as a condition to any such agreement’s or document’s effectiveness that such agreement or document be executed by the Participant, including by electronic signature or other electronic indication of acceptance, and that such
          Participant agree to such further terms and conditions as specified in such agreement or document. The grant of an Award under this Plan shall not confer any rights upon the Participant holding such Award other than such terms, and subject to
          such conditions, as are specified in this Plan as being applicable to such type of Award (or to all Awards) or as are expressly set forth in the agreement or other document evidencing such Award.

         

        15.8 No Limit on Other Compensation Arrangements. Nothing contained in the Plan shall prevent the Company or any Subsidiary or Affiliate from adopting or continuing in
          effect other compensation arrangements, which may, but need not, provide for the grant of Options, Restricted Shares, Restricted Share Units or other types of Awards provided for hereunder.

         

        15.9 No Right to Employment. The grant of an Award shall not be construed as giving a Participant the right to be retained in the employ of the Company or any Subsidiary or
          Affiliate. Further, the Company or a Subsidiary or Affiliate may at any time dismiss a Participant from employment, free from any liability or any claim under the Plan, unless otherwise expressly provided in an Award Agreement.

         

        15.10 No Rights as Stockholder. Subject to the provisions of the Plan and the applicable Award Agreement, no Participant or holder or beneficiary of any Award shall have any
          rights as a stockholder with respect to any Shares to be distributed under the Plan until such person has become a holder of such Shares.

         

        15.11 Governing Law. The validity, construction and effect of the Plan and any rules and regulations relating to the Plan and any Award Agreement shall be determined in
          accordance with the laws of the State of Tennessee without giving effect to conflicts of laws principles.

         

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

         

        15.13 Other Laws. The Committee may refuse to issue or transfer any Shares or other consideration under an Award if, acting in its sole discretion, it determines that the
          issuance or transfer of such Shares or such other consideration might violate any applicable law or regulation (including applicable non-U.S. laws or regulations) or entitle the Company to recover the same under Exchange Act Section 16(b), and
          any payment tendered to the Company by a Participant, other holder or beneficiary in connection with the exercise of such Award shall be promptly refunded to the relevant Participant, holder or beneficiary.

         

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

         

        

      

      
        14

        
          

      

      
        15.15 Data Privacy. As a condition for receiving any Award, each Participant explicitly and unambiguously consents to the collection, use and transfer, in electronic or other
          form, of personal data as described in this Section 15.5 by and among the Company and its Subsidiaries and Affiliates exclusively for implementing, administering and managing the Participant’s participation in the Plan. The Company and
          its Subsidiaries and Affiliates may hold certain personal information about a Participant, including the Participant’s name, address and telephone number; birthdate; social security, insurance or other identification number; salary; nationality;
          job title(s); any shares held in the Company or its Subsidiaries and Affiliates; and Award details, to implement, manage and administer the Plan and Awards (the “Data”). The Company and its Subsidiaries and
          Affiliates may transfer the Data amongst themselves as necessary to implement, administer and manage a Participant’s participation in the Plan, and the Company and its Subsidiaries and Affiliates may transfer the Data to third parties assisting
          the Company with Plan implementation, administration and management. These recipients may be located in the Participant’s country, or elsewhere, and the Participant’s country may have different data privacy laws and protections than the
          recipient’s country. By accepting an Award, each Participant authorizes such recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, to implement, administer and manage the Participant’s participation in
          the Plan, including any required Data transfer to a broker or other third party with whom the Company or the Participant may elect to deposit any Shares. The Data related to a Participant will be held only as long as necessary to implement,
          administer and manage the Participant’s participation in the Plan. A Participant may, at any time, view the Data that the Company holds regarding such Participant, recommend any necessary corrections to the Data regarding the Participant or
          refuse or withdraw the consents in this Section 15.15 in writing, without cost, by contacting the local human resources representative. The Company may cancel the Participant’s ability to participate in the Plan and, in the Committee’s
          discretion, the Participant may forfeit any outstanding Awards if the Participant refuses or withdraws the consents in this Section 15.15. For more information on the consequences of refusing or withdrawing consent, Participants may
          contact their local human resources representative.

         

        15.16 Headings. Headings are given to the sections and subsections of the 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 the Plan or any provision thereof.

      

      
        

        

        Section 16. Term of the Plan.

      

      
        

        

        16.1 Effective Date. The Original Plan was originally effective on May 14, 2020 (the “Original Effective Date”). This Plan shall be
          effective as of May 12, 2022 (the “Effective Date”), provided that the Plan has been approved by the Company’s stockholders at the Company’s 2022 virtual annual meeting of stockholders. Except as otherwise
          provided in this Plan, any Award made under the Plan on or after the Effective Date shall be subject to the terms of this Plan, any Award made under the Original Plan prior to the Effective Date shall be subject to the terms of the Original Plan.

      

      
        

        

        16.2 Expiration Date. No new Awards shall be granted under the Plan after the tenth (10th) anniversary of the Original Effective Date. Unless otherwise expressly provided in
          the Plan or in an applicable Award Agreement, any Award granted hereunder may, and the authority of the Board or the Committee to amend, alter, adjust, suspend, discontinue or terminate any such Award or to waive any conditions or rights under
          any such Award shall, continue after the tenth (10th) anniversary of the Original Effective Date.

      

      
        

        

        

        

         15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00344-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00344-of-00352.parquet"}]]