Document:

Exhibit
10.10

 

RIVULET
MEDIA, INC.

2020
EQUITY INCENTIVE PLAN

 

1.            Purpose;
Eligibility.

 

1.1       General
Purpose. The name of this plan is the Rivulet Media, Inc. 2020 Equity Incentive Plan (the “Plan”). The
purposes of the Plan are to (a) enable Rivulet Media, Inc., a Delaware corporation (the “Company”), and any
Affiliate to attract and retain the types of Employees, Consultants and Directors who will contribute to the Company’s long
range success; (b) provide incentives that align the interests of Employees, Consultants and Directors with those of the stockholders
of the Company; and (c) promote the success of the Company’s business.

 

1.2       Eligible
Award Recipients. The persons eligible to receive Awards are the Employees, Consultants and Directors of the Company and its
Affiliates and such other individuals designated by the Committee who are reasonably expected to become Employees, Consultants
and Directors after the receipt of Awards.

 

1.3       Available
Awards. Awards that may be granted under the Plan include: (a) Incentive Stock Options, (b) Non-qualified Stock Options, (c)
Stock Appreciation Rights, and (d) Restricted Awards.

 

2.            Definitions.

 

“Affiliate”
means a corporation or other entity that, directly or through one or more intermediaries, controls, is controlled by or is under
common control with, the Company by virtue of being part of a parent-subsidiary group in which each entity owns at least fifty
percent (50%) of the equity interests in the other entity.

 

“Applicable
Laws” means the requirements related to or implicated by the administration of the Plan under applicable state corporate
law, United States federal and state securities laws, the Code, any stock exchange or quotation system on which the shares of
Common Stock are listed or quoted, and the applicable laws of any foreign country or jurisdiction where Awards are granted under
the Plan.

 

“Award”
means any right granted under the Plan, including an Incentive Stock Option, a Non-qualified Stock Option, a Stock Appreciation
Right or a Restricted Award.

 

“Award
Agreement” means a written agreement, contract, certificate or other instrument or document evidencing the terms and
conditions of an individual Award granted under the Plan which may, in the discretion of the Company, be transmitted electronically
to any Participant. Each Award Agreement shall be subject to the terms and conditions of the Plan.

 

“Board”
means the Board of Directors of the Company, as constituted at any time.

 

“Cause”
means:

 

With
respect to any Employee or Consultant:

 

		(a)	If
the Employee or Consultant is a party to an employment or service agreement with the Company or its Affiliates and such agreement
provides for a definition of Cause, the definition contained therein; or

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		(b)	If
no such agreement exists, or if such agreement does not define Cause: (i) the commission of, or plea of guilty or no contest to,
a felony or a crime involving moral turpitude or the commission of any other act involving willful malfeasance or material fiduciary
breach with respect to the Company or an Affiliate; (ii) conduct that results in or is reasonably likely to result in harm to
the reputation or business of the Company or any of its Affiliates; (iii) gross negligence or willful misconduct with respect
to the Company or an Affiliate; or (iv) material violation of state or federal securities laws.

 

With
respect to any Director, a determination by a majority of the disinterested Board members that the Director has engaged in any
of the following:

 

		(a)	malfeasance
in office;

 

		(b)	gross
misconduct or neglect;

 

		(c)	false
or fraudulent misrepresentation inducing the director’s appointment;

 

		(d)	willful
conversion of corporate funds; or

 

		(e)	repeated
failure to participate in Board meetings on a regular basis despite having received proper notice of the meetings in advance.

 

The
Committee or disinterested Board members, as applicable, in its absolute discretion, shall determine the effect of all matters
and questions relating to whether a Participant has been discharged for Cause.

 

“Change
in Control” means:

 

		(a)	One
Person (or more than one Person acting as a group) acquires ownership of stock of the Company that, together with the stock held
by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Company;
provided, that, a Change in Control shall not occur if any Person (or more than one Person acting as a group) owns more
than 50% of the total fair market value or total voting power of the Company’s stock and acquires additional stock;

 

		(b)	One
Person (or more than one Person acting as a group) acquires (or has acquired during the twelve-month period ending on the date
of the most recent acquisition) ownership of the Company’s stock possessing 30% or more of the total voting power of the
stock of such corporation;

 

		(c)	A
majority of the members of the Board are replaced during any twelve-month period by directors whose appointment or election is
not endorsed by majority of the Board before the date of appointment or election; or

 

		(d)	One
Person (or more than one Person acting as a group), acquires (or has acquired during the twelve-month period ending on the date
of the most recent acquisition) assets from the Company that have a total gross fair market value equal to or more than 40% of
the total gross fair market value of all of the assets of the Company immediately before such acquisition(s).

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“Code”
means the Internal Revenue Code of 1986, as it may be amended from time to time. Any reference to a section of the Code shall
be deemed to include a reference to any regulations promulgated thereunder.

 

“Committee”
means a committee of one or more members of the Board appointed by the Board to administer the Plan in accordance with Section
3.3 and Section 3.4.

 

“Common
Stock” means the common stock, $0.0001 par value per share, of the Company, or such other securities of the Company
as may be designated by the Committee from time to time in substitution thereof.

 

“Company”
means Rivulet Media, Inc., a Delaware corporation, and any successor thereto.

 

“Consultant”
means any individual who is engaged by the Company or any Affiliate to render consulting or advisory services.

 

“Continuous
Service” means that the Participant’s service with the Company or an Affiliate, whether as an Employee, Consultant
or Director, is not interrupted or terminated. The Participant’s Continuous Service shall not be deemed to have terminated
merely because of a change in the capacity in which the Participant renders service to the Company or an Affiliate as an Employee,
Consultant or Director or a change in the entity for which the Participant renders such service, provided that there is
no interruption or termination of the Participant’s Continuous Service; provided further that if any Award is subject
to Section 409A of the Code, this sentence shall only be given effect to the extent consistent with Section 409A of the Code.
For example, a change in status from an Employee of the Company to a Director of an Affiliate will not constitute an interruption
of Continuous Service. The Committee or its delegate, in its sole discretion, may determine whether Continuous Service shall be
considered interrupted in the case of any leave of absence approved by that party, including sick leave, military leave or any
other personal or family leave of absence.

 

“Covered
Employee” has the same meaning as set forth in Section 162(m)(3) of the Code, as interpreted by IRS Notice 2007-49.

 

“Director”
means a member of the Board or a member of the Board of Directors of any Affiliate of the Company.

 

“Disability”
means that the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical
or mental impairment; provided, however, for purposes of determining the term of an Incentive Stock Option pursuant to
Section 6.10 hereof, the term Disability shall have the meaning ascribed to it under Section 22(e)(3) of the Code. The
determination of whether an individual has a Disability shall be determined under procedures established by the Committee. Except
in situations where the Committee is determining Disability for purposes of the term of an Incentive Stock Option pursuant to
Section 6.10 hereof within the meaning of Section 22(e)(3) of the Code, the Committee may rely on any determination that
a Participant is disabled for purposes of benefits under any long-term disability plan maintained by the Company or any Affiliate
in which a Participant participates.

 

“Disqualifying
Disposition” has the meaning set forth in Section 14.11.

 

“Effective
Date” shall mean the date as of which this Plan is adopted by the Board.

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“Employee”
means any person (including those who serve as an Officer or Director but are also employed by the Company) employed by the Company
or an Affiliate; provided, that, for purposes of determining eligibility to receive Incentive Stock Options, an Employee
shall mean an employee of the Company or a parent or subsidiary corporation within the meaning of Section 424 of the Code. Mere
service as a Director or payment of a director’s fee by the Company or an Affiliate shall not be sufficient to constitute
“employment” by the Company or an Affiliate.

 

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

 

“Fair
Market Value” means, as of any date, the value of the Common Stock as determined below. If the Common Stock is listed
on any established stock exchange or a national market system, the Fair Market Value shall be the closing price of a share of
Common Stock (or if no sales were reported the closing price on the date immediately preceding such date) as quoted on such exchange
or system on the day of determination, as reported in the Wall Street Journal or such other source as the Company deems
reliable. In the absence of an established market for the Common Stock, the Fair Market Value shall be determined by the Committee
in accordance with Section 409A of the Code, and such determination shall be conclusive and binding on all persons.

 

“Free
Standing Rights” has the meaning set forth in Section 7.1(a).

 

“Grant
Date” means the date on which the Committee adopts a resolution, or takes other appropriate action, expressly granting
an Award to a Participant that specifies the key terms and conditions of the Award or, if a later date is set forth in such resolution,
then such date as is set forth in such resolution.

 

“Incentive
Stock Option” means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of
the Code.

 

“Non-Employee
Director” means a Director who is a “non-employee director” within the meaning of Rule 16b-3.

 

“Non-qualified
Stock Option” means an Option that by its terms does not qualify or is not intended to qualify as an Incentive Stock
Option.

 

“Officer”
means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations
promulgated thereunder.

 

“Option”
means an Incentive Stock Option or a Non-qualified Stock Option granted pursuant to the Plan.

 

“Optionholder”
means a person to whom an Option is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding
Option.

 

“Option
Exercise Price” means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

 

“Outside
Director” means a Director who is an “outside director” within the meaning of Section 162(m) of the Code
and Treasury Regulations Section 1.162-27(e)(3) or any successor to such statute and regulation.

 

“Participant”
means an eligible person to whom an Award is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding
Award.

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“Permitted
Transferee” means: (a) a member of the Optionholder’s immediate family (child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law,
brother-in-law, or sister-in-law, including adoptive relationships), any person sharing the Optionholder’s household (other
than a tenant or employee), a trust in which these persons have more than 50% of the beneficial interest, a foundation in which
these persons (or the Optionholder) control the management of assets, and any other entity in which these persons (or the Optionholder)
own more than 50% of the voting interests; (b) third parties designated by the Committee in connection with a program established
and approved by the Committee pursuant to which Participants may receive a cash payment or other consideration in consideration
for the transfer of a Non-qualified Stock Option; and (c) such other transferees as may be permitted by the Committee in its sole
discretion.

 

“Plan”
means this Rivulet Media, Inc. 2020 Equity Incentive Plan, as amended and/or amended and restated from time to time.

 

“Related
Rights” has the meaning set forth in Section 7.1(a).

 

“Restricted
Award” means any Award granted pursuant to Section 7.2(a).

 

“Restricted
Period” has the meaning set forth in Section 7.2(a).

 

“Rule
16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor to Rule 16b-3, as in effect from time to
time.

 

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

 

“Stock
Appreciation Right” means the right pursuant to an Award granted under Section 7.1 to receive, upon exercise,
an amount payable in cash or shares equal to the number of shares subject to the Stock Appreciation Right that is being exercised
multiplied by the excess of (a) the Fair Market Value of a share of Common Stock on the date the Award is exercised, over (b)
the exercise price specified in the Stock Appreciation Right Award Agreement.

 

“Stock
for Stock Exchange” has the meaning set forth in Section 6.4.

 

“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.

 

“Ten
Percent Stockholder” means a person who owns (or is deemed to own pursuant to Section 424(d) of the Code) stock possessing
more than 10% of the total combined voting power of all classes of stock of the Company or of any of its Affiliates.

 

3.            Administration.

 

3.1         Authority
of Committee. The Plan shall be administered by the Committee or, in the Board’s sole discretion, by the Board. Subject
to the terms of the Plan, the Committee’s charter and Applicable Laws, and in addition to other express powers and authorization
conferred by the Plan, the Committee shall have the authority:

 

(a)       to
construe and interpret the Plan and apply its provisions;

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(b)       to
promulgate, amend, and rescind rules and regulations relating to the administration of the Plan;

 

(c)       to
authorize any person to execute, on behalf of the Company, any instrument required to carry out the purposes of the Plan;

 

(d)       to
delegate its authority to one or more Officers of the Company with respect to Awards that do not involve Covered Employees or
“insiders” within the meaning of Section 16 of the Exchange Act;

 

(e)       to
determine when Awards are to be granted under the Plan and the applicable Grant Date;

 

(f)       from
time to time to select, subject to the limitations set forth in this Plan, those Participants to whom Awards shall be granted;

 

(g)       to
determine the number of shares of Common Stock to be made subject to each Award;

 

(h)       to
determine whether each Option is to be an Incentive Stock Option or a Non-qualified Stock Option;

 

(i)       to
prescribe the terms and conditions of each Award, including, without limitation, the exercise price and medium of payment and
vesting provisions, and to specify the provisions of the Award Agreement relating to such grant;

 

(j)       to
amend any outstanding Awards, including for the purpose of modifying the time or manner of vesting, or the term of any outstanding
Award; provided, however, that if any such amendment impairs a Participant’s rights or increases a Participant’s
obligations under his or her Award or creates or increases a Participant’s federal income tax liability with respect to
an Award, such amendment shall also be subject to the Participant’s consent;

 

(k)       to
determine the duration and purpose of leaves of absences which may be granted to a Participant without constituting termination
of their employment for purposes of the Plan, which periods shall be no shorter than the periods generally applicable to Employees
under the Company’s employment policies;

 

(l)       to
make decisions with respect to outstanding Awards that may become necessary upon a change in corporate control or an event that
triggers anti-dilution adjustments;

 

(m)       to
interpret, administer, reconcile any inconsistency in, correct any defect in and/or supply any omission in the Plan and any instrument
or agreement relating to, or Award granted under, the Plan; and

 

(n)       to
exercise discretion to make any and all other determinations which it determines to be necessary or advisable for the administration
of the Plan.

 

The
Committee also may modify the purchase price or the exercise price of any outstanding Award, but in no event shall the modification
be less than the Fair Market Value on the date of the modification, provided that if the modification effects a repricing,
stockholder approval shall be required before the repricing is effective.

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3.2         Committee
Decisions Final. All decisions made by the Committee pursuant to the provisions of the Plan shall be final and binding on
the Company and the Participants, unless such decisions are determined by a court having jurisdiction to be arbitrary and capricious.

 

3.3         Delegation.
The Committee or, if no Committee has been appointed, the Board may delegate administration of the Plan to a committee or committees
of one or more members of the Board, and the term “Committee” shall apply to any person or persons to whom
such authority has been delegated. The Committee shall have the power to delegate to a subcommittee any of the administrative
powers the Committee is authorized to exercise (and references in this Plan to the Board or the Committee shall thereafter be
to the committee or subcommittee), subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as
may be adopted from time to time by the Board. The Board may abolish the Committee at any time and revest in the Board the administration
of the Plan. The members of the Committee shall be appointed by and serve at the pleasure of the Board. From time to time, the
Board may increase or decrease the size of the Committee, add additional members to, remove members (with or without cause) from,
appoint new members in substitution therefor, and fill vacancies, however caused, in the Committee. The Committee shall act pursuant
to a vote of the majority of its members or, in the case of a Committee comprised of only two members, the unanimous consent of
its members, whether present or not, or by the written consent of the majority of its members and minutes shall be kept of all
of its meetings and copies thereof shall be provided to the Board. Subject to the limitations prescribed by the Plan and the Board,
the Committee may establish and follow such rules and regulations for the conduct of its business as it may determine to be advisable.
Notwithstanding the foregoing, the Board, and not the Committee, shall administer the Plan with respect to all Awards to any Director
who is not also an Employee.

 

3.4         Committee
Composition. Except as otherwise determined by the Board, the Committee shall consist solely of two or more Non-Employee Directors
who are also Outside Directors. The Board shall have discretion to determine whether or not it intends to comply with the exemption
requirements of Rule 16b-3 and/or Section 162(m) of the Code. However, if the Board intends to satisfy such exemption requirements,
with respect to Awards to any Covered Employee and with respect to any insider subject to Section 16 of the Exchange Act, the
Committee shall be a compensation committee of the Board that at all times consists solely of two or more Non-Employee Directors
who are also Outside Directors. Within the scope of such authority, the Board or the Committee may (a) delegate to a committee
of one or more members of the Board who are not Outside Directors the authority to grant Awards to eligible persons who are either
(i) not then Covered Employees and are not expected to be Covered Employees at the time of recognition of income resulting from
such Award or (ii) not persons with respect to whom the Company wishes to comply with Section 162(m) of the Code or (b) delegate
to a committee of one or more members of the Board who are not Non-Employee Directors the authority to grant Awards to eligible
persons who are not then subject to Section 16 of the Exchange Act. Nothing herein shall create an inference that an Award is
not validly granted under the Plan in the event Awards are granted under the Plan by a compensation committee of the Board that
does not at all times consist solely of two or more Non-Employee Directors who are also Outside Directors.

 

3.5         Indemnification.
In addition to such other rights of indemnification as they may have as Directors or members of the Committee, and to the extent
allowed by Applicable Laws, the Committee shall be indemnified by the Company against the reasonable expenses, including attorney’s
fees, actually incurred in connection with any action, suit or proceeding or in connection with any appeal therein, to which the
Committee may be party by reason of any action taken or failure to act under or in connection with the Plan or any Award granted
under the Plan, and against all amounts paid by the Committee in settlement thereof (provided, however, that the settlement
has been approved by the Company, which approval shall not be unreasonably withheld) or paid by the Committee in satisfaction
of a judgment in any such action, suit or proceeding, except in relation to matters as to which it shall be adjudged in such action,
suit or proceeding that such Committee did not act in good faith and in a manner which such person reasonably believed to be in
the best interests of the Company, or in the case of a criminal proceeding, had no reason to believe that the conduct complained
of was unlawful; provided, however, that within 60 days after institution of any such action, suit or proceeding, such
Committee shall, in writing, offer the Company the opportunity at its own expense to handle and defend such action, suit or proceeding.

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4.            Shares
Subject to the Plan.

 

4.1       Subject
to adjustment in accordance with Section 11, a total of 16,000,000 shares of Common Stock shall be available for the grant
of Awards under the Plan; provided that, no more than 10,000,000 shares of Common Stock may be granted as Incentive Stock
Options. During the terms of the Awards, the Company shall keep available at all times the number of shares of Common Stock required
to satisfy such Awards.

 

4.2       Shares
of Common Stock available for distribution under the Plan may consist, in whole or in part, of authorized and unissued shares,
treasury shares or shares reacquired by the Company in any manner.

 

4.3       Any
shares of Common Stock subject to an Award that is canceled, forfeited or expires prior to exercise or realization, either in
full or in part, shall again become available for issuance under the Plan. Notwithstanding anything to the contrary contained
herein: shares subject to an Award under the Plan shall not again be made available for issuance or delivery under the Plan if
such shares are (a) shares tendered in payment of an Option, (b) shares delivered or withheld by the Company to satisfy any tax
withholding obligation, or (c) shares covered by a stock-settled Stock Appreciation Right or other Awards that were not issued
upon the settlement of the Award.

 

4.4       Any
shares of Common Stock issued by the Company as Substitute Awards in connection with the assumption or substitution of outstanding
grants from any acquired company shall not reduce the shares of Common Stock available for Awards under the Plan to the extent
that the rules and regulations of any stock exchange or other trading market on which the shares of Common Stock are listed or
traded provide an exemption from stockholder approval for assumption, substitution, conversion, adjustment, or replacement of
outstanding awards in connection with mergers, acquisitions, or other corporate combinations.

 

5.            Eligibility.

 

5.1       Eligibility
for Specific Awards. Incentive Stock Options may be granted only to Employees. Awards other than Incentive Stock Options may
be granted to Employees, Consultants and Directors and those individuals whom the Committee determines are reasonably expected
to become Employees, Consultants and Directors following the Grant Date.

 

5.2       Ten
Percent Stockholders. A Ten Percent Stockholder shall not be granted an Incentive Stock Option unless the Option Exercise
Price is at least 110% of the Fair Market Value of the Common Stock at the Grant Date and the Option is not exercisable after
the expiration of five years from the Grant Date.

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6.            Option
Provisions. Each Option granted under the Plan shall be evidenced by an Award Agreement. Each Option so granted shall be subject
to the conditions set forth in this Section 6, and to such other conditions not inconsistent with the Plan as may be reflected
in the applicable Award Agreement. All Options shall be separately designated Incentive Stock Options or Non-qualified Stock Options
at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common
Stock purchased on exercise of each type of Option. Notwithstanding the foregoing, the Company shall have no liability to any
Participant or any other person if an Option designated as an Incentive Stock Option fails to qualify as such at any time or if
an Option is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the
Code and the terms of such Option do not satisfy the requirements of Section 409A of the Code. The provisions of separate Options
need not be identical, but each Option shall include (through incorporation of provisions hereof by reference in the Option or
otherwise) the substance of each of the following provisions:

 

6.1       Term.
Subject to the provisions of Section 5.2 regarding Ten Percent Stockholders, no Incentive Stock Option shall be exercisable
after the expiration of 10 years from the Grant Date. The term of a Non-qualified Stock Option granted under the Plan shall be
determined by the Committee; provided, however, no Non-qualified Stock Option shall be exercisable after the expiration
of 10 years from the Grant Date.

 

6.2       Exercise
Price of an Incentive Stock Option. Subject to the provisions of Section 5.2 regarding Ten Percent Stockholders, the
Option Exercise Price of each Incentive Stock Option shall be not less than 100% of the Fair Market Value of the Common Stock
subject to the Option on the Grant Date. Notwithstanding the foregoing, an Incentive Stock Option may be granted with an Option
Exercise Price lower than that set forth in the preceding sentence if such Option is granted pursuant to an assumption or substitution
for another option in a manner satisfying the provisions of Section 424(a) of the Code.

 

6.3       Exercise
Price of a Non-qualified Stock Option. The Option Exercise Price of each Non-qualified Stock Option shall be not less than
100% of the Fair Market Value of the Common Stock subject to the Option on the Grant Date. Notwithstanding the foregoing, a Non-qualified
Stock Option may be granted with an Option Exercise Price lower than that set forth in the preceding sentence if such Option is
granted pursuant to an assumption or substitution for another option in a manner satisfying the provisions of Section 409A of
the Code.

 

6.4       Consideration.
The Option Exercise Price of Common Stock acquired pursuant to an Option shall be paid, to the extent permitted by applicable
statutes and regulations, either (a) in cash or by certified or bank check at the time the Option is exercised or (b) in the discretion
of the Committee, upon such terms as the Committee shall approve, the Option Exercise Price may be paid: (i) by delivery to the
Company of other Common Stock, duly endorsed for transfer to the Company, with a Fair Market Value on the date of delivery equal
to the Option Exercise Price (or portion thereof) due for the number of shares being acquired, or by means of attestation whereby
the Participant identifies for delivery specific shares of Common Stock that have an aggregate Fair Market Value on the date of
attestation equal to the Option Exercise Price (or portion thereof) and receives a number of shares of Common Stock equal to the
difference between the number of shares thereby purchased and the number of identified attestation shares of Common Stock (a “Stock
for Stock Exchange”); (ii) a “cashless” exercise program established with a broker; (iii) by reduction in
the number of shares of Common Stock otherwise deliverable upon exercise of such Option with a Fair Market Value equal to the
aggregate Option Exercise Price at the time of exercise; (iv) any combination of the foregoing methods; or (v) in any other form
of legal consideration that may be acceptable to the Committee. Unless otherwise specifically provided in the Option, the exercise
price of Common Stock acquired pursuant to an Option that is paid by delivery (or attestation) to the Company of other Common
Stock acquired, directly or indirectly from the Company, shall be paid only by shares of the Common Stock of the Company that
have been held for more than six months (or such longer or shorter period of time required to avoid a charge to earnings for financial
accounting purposes). Notwithstanding the foregoing, during any period for which the Common Stock is publicly traded (i.e., the
Common Stock is listed on any established stock exchange or a national market system) an exercise by a Director or Officer that
involves or may involve a direct or indirect extension of credit or arrangement of an extension of credit by the Company, directly
or indirectly, in violation of Section 402(a) of the Sarbanes-Oxley Act of 2002 shall be prohibited with respect to any Award
under this Plan.

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6.5       Transferability
of an Incentive Stock Option. An Incentive Stock Option shall not be transferable except by will or by the laws of descent
and distribution and shall be exercisable during the lifetime of the Optionholder only by the Optionholder. Notwithstanding the
foregoing, the Optionholder may, by delivering written notice to the Company, in a form satisfactory to the Company, designate
a third party who, in the event of the death of the Optionholder, shall thereafter be entitled to exercise the Option.

 

6.6       Transferability
of a Non-qualified Stock Option. A Non-qualified Stock Option may, in the sole discretion of the Committee, be transferable
to a Permitted Transferee, upon written approval by the Committee to the extent provided in the Award Agreement. If the Non-qualified
Stock Option does not provide for transferability, then the Non-qualified Stock Option shall not be transferable except by will
or by the laws of descent and distribution and shall be exercisable during the lifetime of the Optionholder only by the Optionholder.
Notwithstanding the foregoing, the Optionholder may, by delivering written notice to the Company, in a form satisfactory to the
Company, designate a third party who, in the event of the death of the Optionholder, shall thereafter be entitled to exercise
the Option.

 

6.7       Vesting
of Options. Each Option may, but need not, vest and therefore become exercisable in periodic installments that may, but need
not, be equal. The Option may be subject to such other terms and conditions on the time or times when it may be exercised (which
may be based on performance or other criteria) as the Committee may deem appropriate. The vesting provisions of individual Options
may vary. No Option may be exercised for a fraction of a share of Common Stock.

 

6.8       Termination
of Continuous Service. Unless otherwise provided in an Award Agreement or in an employment agreement the terms of which have
been approved by the Committee, in the event an Optionholder’s Continuous Service terminates (other than upon the Optionholder’s
death or Disability), the Optionholder may exercise his or her Option (to the extent that the Optionholder was entitled to exercise
such Option as of the date of termination) but only within such period of time ending on the earlier of (a) the date three months
following the termination of the Optionholder’s Continuous Service or (b) the expiration of the term of the Option as set
forth in the Award Agreement; provided that, if the termination of Continuous Service is by the Company for Cause, all
outstanding Options (whether or not vested) shall immediately terminate and cease to be exercisable. If, after termination, the
Optionholder does not exercise his or her Option within the time specified in the Award Agreement, the Option shall terminate.

 

6.9       Extension
of Termination Date. An Optionholder’s Award Agreement may also provide that if the exercise of the Option following
the termination of the Optionholder’s Continuous Service for any reason would be prohibited at any time because the issuance
of shares of Common Stock would violate the registration requirements under the Securities Act or any other state or federal securities
law or the rules of any securities exchange or interdealer quotation system, then the Option shall terminate on the earlier of
(a) the expiration of the term of the Option in accordance with Section 6.1 or (b) the expiration of a period after termination
of the Participant’s Continuous Service that is three months after the end of the period during which the exercise of the
Option would be in violation of such registration or other securities law requirements.

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6.10       Disability
of Optionholder. Unless otherwise provided in an Award Agreement, in the event that an Optionholder’s Continuous Service
terminates as a result of the Optionholder’s Disability, the Optionholder may exercise his or her Option (to the extent
that the Optionholder was entitled to exercise such Option as of the date of termination), but only within such period of time
ending on the earlier of (a) the date 12 months following such termination or (b) the expiration of the term of the Option as
set forth in the Award Agreement. If, after termination, the Optionholder does not exercise his or her Option within the time
specified herein or in the Award Agreement, the Option shall terminate.

 

6.11       Death
of Optionholder. Unless otherwise provided in an Award Agreement, in the event an Optionholder’s Continuous Service
terminates as a result of the Optionholder’s death, then the Option may be exercised (to the extent the Optionholder was
entitled to exercise such Option as of the date of death) by the Optionholder’s estate, by a person who acquired the right
to exercise the Option by bequest or inheritance or by a person designated to exercise the Option upon the Optionholder’s
death, but only within the period ending on the earlier of (a) the date 12 months following the date of death or (b) the expiration
of the term of such Option as set forth in the Award Agreement. If, after the Optionholder’s death, the Option is not exercised
within the time specified herein or in the Award Agreement, the Option shall terminate.

 

6.12       Incentive
Stock Option $100,000 Limitation. To the extent that the aggregate Fair Market Value (determined at the time of grant) of
Common Stock with respect to which Incentive Stock Options are exercisable for the first time by any Optionholder during any calendar
year (under all plans of the Company and its Affiliates) exceeds $100,000, the Options or portions thereof which exceed such limit
(according to the order in which they were granted) shall be treated as Non-qualified Stock Options.

 

7.            Provisions
of Awards Other Than Options.

 

7.1         Stock
Appreciation Rights.

 

(a)          General

 

Each
Stock Appreciation Right granted under the Plan shall be evidenced by an Award Agreement. Each Stock Appreciation Right so granted
shall be subject to the conditions set forth in this Section 7.1, and to such other conditions not inconsistent with the
Plan as may be reflected in the applicable Award Agreement. Stock Appreciation Rights may be granted alone (“Free Standing
Rights”) or in tandem with an Option granted under the Plan (“Related Rights”).

 

(b)          Grant
Requirements

 

Any
Related Right that relates to a Non-qualified Stock Option may be granted at the same time the Option is granted or at any time
thereafter but before the exercise or expiration of the Option. Any Related Right that relates to an Incentive Stock Option must
be granted at the same time the Incentive Stock Option is granted.

 

(c)          Term
of Stock Appreciation Rights

 

The
term of a Stock Appreciation Right granted under the Plan shall be determined by the Committee; provided, however, no Stock
Appreciation Right shall be exercisable later than the tenth anniversary of the Grant Date.

    11

     

    

(d)     
    Vesting of Stock Appreciation Rights

 

Each
Stock Appreciation Right may, but need not, vest and therefore become exercisable in periodic installments that may, but need
not, be equal. The Stock Appreciation Right may be subject to such other terms and conditions on the time or times when it may
be exercised as the Committee may deem appropriate. The vesting provisions of individual Stock Appreciation Rights may vary. No
Stock Appreciation Right may be exercised for a fraction of a share of Common Stock. The Committee may, but shall not be required
to, provide for an acceleration of vesting and exercisability in the terms of any Stock Appreciation Right upon the occurrence
of a specified event.

 

(e)          Exercise
and Payment

 

Upon
exercise of a Stock Appreciation Right, the holder shall be entitled to receive from the Company an amount equal to the number
of shares of Common Stock subject to the Stock Appreciation Right that is being exercised multiplied by the excess of (i) the
Fair Market Value of a share of Common Stock on the date the Award is exercised, over (ii) the exercise price specified in the
Stock Appreciation Right or related Option. Payment with respect to the exercise of a Stock Appreciation Right shall be made on
the date of exercise. Payment shall be made in the form of shares of Common Stock (with or without restrictions as to substantial
risk of forfeiture and transferability, as determined by the Committee in its sole discretion), cash or a combination thereof,
as determined by the Committee.

 

(f)  
        Exercise Price

 

The
exercise price of a Free Standing Stock Appreciation Right shall be determined by the Committee, but shall not be less than 100%
of the Fair Market Value of one share of Common Stock on the Grant Date of such Stock Appreciation Right. A Related Right granted
simultaneously with or subsequent to the grant of an Option and in conjunction therewith or in the alternative thereto shall have
the same exercise price as the related Option, shall be transferable only upon the same terms and conditions as the related Option,
and shall be exercisable only to the same extent as the related Option; provided, however, that a Stock Appreciation Right,
by its terms, shall be exercisable only when the Fair Market Value per share of Common Stock subject to the Stock Appreciation
Right and related Option exceeds the exercise price per share thereof and no Stock Appreciation Rights may be granted in tandem
with an Option unless the Committee determines that the requirements of Section 7.1(b) are satisfied.

 

(g)          Reduction
in the Underlying Option Shares

 

Upon
any exercise of a Related Right, the number of shares of Common Stock for which any related Option shall be exercisable shall
be reduced by the number of shares for which the Stock Appreciation Right has been exercised. The number of shares of Common Stock
for which a Related Right shall be exercisable shall be reduced upon any exercise of any related Option by the number of shares
of Common Stock for which such Option has been exercised.

 

7.2         Restricted
Awards.

 

(a)          General

 

A
Restricted Award is an Award of actual shares of Common Stock (“Restricted Stock”), which may, but need not,
provide that such Restricted Award may not be sold, assigned, transferred or otherwise disposed of, pledged or hypothecated as
collateral for a loan or as security for the performance of any obligation or for any other purpose for such period (the “Restricted
Period”) as the Committee shall determine. Each Restricted Award granted under the Plan shall be evidenced by an Award
Agreement. Each Restricted Award so granted shall be subject to the conditions set forth in this Section 7.2, and to such
other conditions not inconsistent with the Plan as may be reflected in the applicable Award Agreement.

    12

     

    

(b)    
     Restricted Stock

 

Each
Participant granted Restricted Stock shall execute and deliver to the Company an Award Agreement with respect to the Restricted
Stock setting forth the restrictions and other terms and conditions applicable to such Restricted Stock. If the Committee determines
that the Restricted Stock shall be held by the Company or in escrow rather than delivered to the Participant pending the release
of the applicable restrictions, the Committee may require the Participant to additionally execute and deliver to the Company (A)
an escrow agreement satisfactory to the Committee, if applicable and (B) the appropriate blank stock power with respect to the
Restricted Stock covered by such agreement. If a Participant fails to execute an agreement evidencing an Award of Restricted Stock
and, if applicable, an escrow agreement and stock power, the Award shall be null and void. Subject to the restrictions set forth
in the Award, the Participant generally shall have the rights and privileges of a stockholder as to such Restricted Stock, including
the right to vote such Restricted Stock and the right to receive dividends; provided that, any cash dividends and stock
dividends with respect to the Restricted Stock shall be withheld by the Company for the Participant’s account, and interest
may be credited on the amount of the cash dividends withheld at a rate and subject to such terms as determined by the Committee.
The cash dividends or stock dividends so withheld by the Committee and attributable to any particular share of Restricted Stock
(and earnings thereon, if applicable) shall be distributed to the Participant in cash or, at the discretion of the Committee,
in shares of Common Stock having a Fair Market Value equal to the amount of such dividends, if applicable, upon the release of
restrictions on such share and, if such share is forfeited, the Participant shall have no right to such dividends.

 

(c)          Restrictions

 

Restricted
Stock awarded to a Participant shall be subject to the following restrictions until the expiration of the Restricted Period, and
to such other terms and conditions as may be set forth in the applicable Award Agreement: (A) if an escrow arrangement is used,
the Participant shall not be entitled to delivery of the stock certificate; (B) the shares shall be subject to the restrictions
on transferability set forth in the Award Agreement; (C) the shares shall be subject to forfeiture to the extent provided in the
applicable Award Agreement; and (D) to the extent such shares are forfeited, the stock certificates shall be returned to the Company,
and all rights of the Participant to such shares and as a stockholder with respect to such shares shall terminate without further
obligation on the part of the Company.

 

(d)          Restricted
Period

 

With
respect to Restricted Awards, the Restricted Period shall commence on the Grant Date and end at the time or times set forth on
a schedule established by the Committee in the applicable Award Agreement. No Restricted Award may be granted or settled for a
fraction of a share of Common Stock. The Committee may, but shall not be required to, provide for an acceleration of vesting in
the terms of any Award Agreement upon the occurrence of a specified event.

    13

     

    

(e)          Delivery
of Restricted Stock

 

Upon
the expiration of the Restricted Period with respect to any shares of Restricted Stock, the restrictions set forth in Section
7.2(c) and the applicable Award Agreement shall be of no further force or effect with respect to such shares, except as set
forth in the applicable Award Agreement. If an escrow arrangement is used, upon such expiration, the Company shall deliver to
the Participant, or his or her beneficiary, without charge, the stock certificate evidencing the shares of Restricted Stock which
have not then been forfeited and with respect to which the Restricted Period has expired (to the nearest full share) and any cash
dividends or stock dividends credited to the Participant’s account with respect to such Restricted Stock and the interest
thereon, if any.

 

(f)           Stock
Restrictions

 

Each
certificate representing Restricted Stock awarded under the Plan shall bear a legend in such form as the Company deems appropriate.

 

8.            Securities
Law Compliance. Each Award Agreement shall provide that no shares of Common Stock shall be purchased or sold thereunder unless
and until (a) any then applicable requirements of state or federal laws and regulatory agencies have been fully complied with
to the satisfaction of the Company and its counsel and (b) if required to do so by the Company, the Participant has executed and
delivered to the Company a letter of investment intent in such form and containing such provisions as the Committee may require.
The Company shall use reasonable efforts to seek to obtain from each regulatory commission or agency having jurisdiction over
the Plan such authority as may be required to grant Awards and to issue and sell shares of Common Stock upon exercise of the Awards;
provided, however, that this undertaking shall not require the Company to register under the Securities Act the Plan, any
Award or any Common Stock issued or issuable pursuant to any such Award. If, after reasonable efforts, the Company is unable to
obtain from any such regulatory commission or agency the authority which counsel for the Company deems necessary for the lawful
issuance and sale of Common Stock under the Plan, the Company shall be relieved from any liability for failure to issue and sell
Common Stock upon exercise of such Awards unless and until such authority is obtained.

 

9.            Use
of Proceeds from Stock. Proceeds from the sale of Common Stock pursuant to Awards, or upon exercise thereof, shall constitute
general funds of the Company.

 

10.          Miscellaneous.

 

10.1       Stockholder
Rights. Except as provided in the Plan or an Award Agreement, no Participant shall be deemed to be the holder of, or to have
any of the rights of a holder with respect to, any shares of Common Stock subject to such Award unless and until such Participant
has satisfied all requirements for exercise of the Award pursuant to its terms and no adjustment shall be made for dividends (ordinary
or extraordinary, whether in cash, securities or other property) or distributions of other rights for which the record date is
prior to the date such Common Stock certificate is issued, except as provided in Section 11 hereof.

 

10.2       No
Employment or Other Service Rights. Nothing in the Plan or any instrument executed or Award granted pursuant thereto shall
confer upon any Participant any right to continue to serve the Company or an Affiliate in the capacity in effect at the time the
Award was granted or shall affect the right of the Company or an Affiliate to terminate (a) the employment of an Employee with
or without notice and with or without Cause or (b) the service of a Director pursuant to the Bylaws of the Company or an Affiliate,
and any applicable provisions of the corporate law of the state in which the Company or the Affiliate is incorporated, as the
case may be.

    14

     

    

10.3       Transfer;
Approved Leave of Absence. For purposes of the Plan, no termination of employment by an Employee shall be deemed to result
from either (a) a transfer of employment to the Company from an Affiliate or from the Company to an Affiliate, or from one Affiliate
to another, or (b) an approved leave of absence for military service or sickness, or for any other purpose approved by the Company,
if the Employee’s right to reemployment is guaranteed either by a statute or by contract or under the policy pursuant to
which the leave of absence was granted or if the Committee otherwise so provides in writing, in either case, except to the extent
inconsistent with Section 409A of the Code if the applicable Award is subject thereto.

 

10.4       Withholding
Obligations. To the extent provided by the terms of an Award Agreement and subject to the discretion of the Committee, the
Participant may satisfy any federal, state or local tax withholding obligation relating to the exercise or acquisition of Common
Stock under an Award by any of the following means (in addition to the Company’s right to withhold from any compensation
paid to the Participant by the Company) or by a combination of such means: (a) tendering a cash payment; (b) authorizing the Company
to withhold shares of Common Stock from the shares of Common Stock otherwise issuable to the Participant as a result of the exercise
or acquisition of Common Stock under the Award, provided, however, that no shares of Common Stock are withheld with a value
exceeding the minimum amount of tax required to be withheld by law; or (c) delivering to the Company previously owned and unencumbered
shares of Common Stock of the Company.

 

11.          Adjustments
Upon Changes in Stock. In the event of changes in the outstanding Common Stock or in the capital structure of the Company
by reason of any stock or extraordinary cash dividend, stock split, reverse stock split, an extraordinary corporate transaction
such as any recapitalization, reorganization, merger, consolidation, combination, exchange, or other relevant change in capitalization
occurring after the Grant Date of any Award, Awards granted under the Plan and any Award Agreements, the exercise price of Options
and Stock Appreciation Rights, the maximum number of shares of Common Stock subject to all Awards stated in Section 4 and
the maximum number of shares of Common Stock with respect to which any one person may be granted Awards during any period stated
in Section 4 will be equitably adjusted or substituted, as to the number, price or kind of a share of Common Stock or other
consideration subject to such Awards to the extent necessary to preserve the economic intent of such Award. In the case of adjustments
made pursuant to this Section 11, unless the Committee specifically determines that such adjustment is in the best interests
of the Company or its Affiliates, the Committee shall, in the case of Incentive Stock Options, ensure that any adjustments under
this Section 11 will not constitute a modification, extension or renewal of the Incentive Stock Options within the meaning
of Section 424(h)(3) of the Code and in the case of Non-qualified Stock Options, ensure that any adjustments under this Section
11 will not constitute a modification of such Non-qualified Stock Options within the meaning of Section 409A of the Code.
Any adjustments made under this Section 11 shall be made in a manner which does not adversely affect the exemption provided
pursuant to Rule 16b-3 under the Exchange Act. Further, with respect to Awards intended to qualify as “performance-based
compensation” under Section 162(m) of the Code, any adjustments or substitutions will not cause the Company to be denied
a tax deduction on account of Section 162(m) of the Code. The Company shall give each Participant notice of an adjustment hereunder
and, upon notice, such adjustment shall be conclusive and binding for all purposes.

 

12.          Effect
of Change in Control.

 

12.1       Unless
otherwise provided in an Award Agreement or in a Participant’s employment or service agreement, notwithstanding any provision
of the Plan to the contrary, in the event of a Change in Control, all Options and Stock Appreciation Rights shall become immediately
exercisable with respect to 100% of the shares subject to such Options or Stock Appreciation Rights, and/or the Restricted Period
shall expire immediately with respect to 100% of the shares of Restricted Stock or Restricted Stock Units. To the extent practicable,
any actions taken by the Committee under the immediately preceding sentence shall occur in a manner and at a time which allows
affected Participants the ability to participate in the Change in Control with respect to the shares of Common Stock subject to
their Awards.

    15

     

    

12.2       In
addition, in the event of a Change in Control, the Committee may in its discretion and upon at least 10 days’ advance notice
to the affected persons, cancel any outstanding Awards and pay to the holders thereof, in cash or stock, or any combination thereof,
the value of such Awards based upon the price per share of Common Stock received or to be received by other stockholders of the
Company in the event. In the case of any Option or Stock Appreciation Right with an exercise price (or SAR Exercise Price in the
case of a Stock Appreciation Right) that equals or exceeds the price paid for a share of Common Stock in connection with the Change
in Control, the Committee may cancel the Option or Stock Appreciation Right without the payment of consideration therefor.

 

12.3       The
obligations of the Company under the Plan shall be binding upon any successor corporation or organization resulting from the merger,
consolidation or other reorganization of the Company, or upon any successor corporation or organization succeeding to all or substantially
all of the assets and business of the Company and its Affiliates, taken as a whole.

 

13.          Amendment
of the Plan and Awards.

 

13.1       Amendment
of Plan. The Board at any time, and from time to time, may amend or terminate the Plan. However, except as provided in Section
11 relating to adjustments upon changes in Common Stock and Section 13.3, no amendment shall be effective unless approved
by the stockholders of the Company to the extent stockholder approval is necessary to satisfy any Applicable Laws. At the time
of such amendment, the Board shall determine, upon advice from counsel, whether such amendment will be contingent on stockholder
approval.

 

13.2       Stockholder
Approval. The Board may, in its sole discretion, submit any other amendment to the Plan for stockholder approval, including,
but not limited to, amendments to the Plan intended to satisfy the requirements of Section 162(m) of the Code and the regulations
thereunder regarding the exclusion of performance-based compensation from the limit on corporate deductibility of compensation
paid to certain executive officers.

 

13.3       Contemplated
Amendments. It is expressly contemplated that the Board may amend the Plan in any respect the Board deems necessary or advisable
to provide eligible Employees, Consultants and Directors with the maximum benefits provided or to be provided under the provisions
of the Code and the regulations promulgated thereunder relating to Incentive Stock Options or to the nonqualified deferred compensation
provisions of Section 409A of the Code and/or to bring the Plan and/or Awards granted under it into compliance therewith.

 

13.4       No
Impairment of Rights. Rights under any Award granted before amendment of the Plan shall not be impaired by any amendment of
the Plan unless (a) the Company requests the consent of the Participant and (b) the Participant consents in writing.

 

13.5       Amendment
of Awards. The Committee at any time, and from time to time, may amend the terms of any one or more Awards; provided, however,
that the Committee may not affect any amendment which would otherwise constitute an impairment of the rights under any Award
unless (a) the Company requests the consent of the Participant and (b) the Participant consents in writing.

    16

     

    

14.          General
Provisions.

 

14.1       Forfeiture
Events. The Committee may specify in an Award Agreement that the Participant’s rights, payments and benefits with respect
to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain events, in addition
to applicable vesting conditions of an Award. Such events may include, without limitation, breach of non-competition, non-solicitation,
confidentiality, or other restrictive covenants that are contained in the Award Agreement or otherwise applicable to the Participant,
a termination of the Participant’s Continuous Service for Cause, or other conduct by the Participant that is detrimental
to the business or reputation of the Company and/or its Affiliates.

 

14.2       Clawback.
Notwithstanding any other provisions in this Plan, any Award which is subject to recovery under any law, government regulation
or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant
to such law, government regulation or stock exchange listing requirement (or any policy adopted by the Company pursuant to any
such law, government regulation or stock exchange listing requirement).

 

14.3       Other
Compensation Arrangements. Nothing contained in this Plan shall prevent the Board from adopting other or additional compensation
arrangements, subject to stockholder approval if such approval is required; and such arrangements may be either generally applicable
or applicable only in specific cases.

 

14.4       Sub-plans.
The Committee may from time to time establish sub-plans under the Plan for purposes of satisfying blue sky, securities, tax or
other laws of various jurisdictions in which the Company intends to grant Awards. Any sub-plans shall contain such limitations
and other terms and conditions as the Committee determines are necessary or desirable. All sub-plans shall be deemed a part of
the Plan, but each sub-plan shall apply only to the Participants in the jurisdiction for which the sub-plan was designed.

 

14.5       Unfunded
Plan. The Plan shall be unfunded. Neither the Company, the Board nor the Committee shall be required to establish any special
or separate fund or to segregate any assets to assure the performance of its obligations under the Plan.

 

14.6       Recapitalizations.
Each Award Agreement shall contain provisions required to reflect the provisions of Section 11.

 

14.7       Delivery.
Upon exercise of a right granted under this Plan, the Company shall issue Common Stock or pay any amounts due within a reasonable
period of time thereafter. Subject to any statutory or regulatory obligations the Company may otherwise have, for purposes of
this Plan, 30 days shall be considered a reasonable period of time.

 

14.8       No
Fractional Shares. No fractional shares of Common Stock shall be issued or delivered pursuant to the Plan. The Committee shall
determine whether cash, additional Awards or other securities or property shall be issued or paid in lieu of fractional shares
of Common Stock or whether any fractional shares should be rounded, forfeited or otherwise eliminated.

 

14.9       Other
Provisions. The Award Agreements authorized under the Plan may contain such other provisions not inconsistent with this Plan,
including, without limitation, restrictions upon the exercise of the Awards, as the Committee may deem advisable.

    17

     

    

14.10       Section
409A. The Plan is intended to comply with Section 409A of the Code to the extent subject thereto, and, accordingly, to the
maximum extent permitted, the Plan shall be interpreted and administered to be in compliance therewith. Any payments described
in the Plan that are due within the “short-term deferral period” as defined in Section 409A of the Code shall not
be treated as deferred compensation unless Applicable Laws require otherwise. Notwithstanding anything to the contrary in the
Plan, to the extent required to avoid accelerated taxation and tax penalties under Section 409A of the Code, amounts that would
otherwise be payable and benefits that would otherwise be provided pursuant to the Plan during the six (6) month period immediately
following the Participant’s termination of Continuous Service shall instead be paid on the first payroll date after the
six-month anniversary of the Participant’s separation from service (or the Participant’s death, if earlier). Notwithstanding
the foregoing, neither the Company nor the Committee shall have any obligation to take any action to prevent the assessment of
any excise tax or penalty on any Participant under Section 409A of the Code and neither the Company nor the Committee will have
any liability to any Participant for such tax or penalty.

 

14.11       Disqualifying
Dispositions. Any Participant who shall make a “disposition” (as defined in Section 424 of the Code) of all or
any portion of shares of Common Stock acquired upon exercise of an Incentive Stock Option within two years from the Grant Date
of such Incentive Stock Option or within one year after the issuance of the shares of Common Stock acquired upon exercise of such
Incentive Stock Option (a “Disqualifying Disposition”) shall be required to immediately advise the Company
in writing as to the occurrence of the sale and the price realized upon the sale of such shares of Common Stock.

 

14.12       Section
16. It is the intent of the Company that the Plan satisfy, and be interpreted in a manner that satisfies, the applicable requirements
of Rule 16b-3 as promulgated under Section 16 of the Exchange Act so that Participants will be entitled to the benefit of Rule
16b-3, or any other rule promulgated under Section 16 of the Exchange Act, and will not be subject to short-swing liability under
Section 16 of the Exchange Act. Accordingly, if the operation of any provision of the Plan would conflict with the intent expressed
in this Section 14.12, such provision to the extent possible shall be interpreted and/or deemed amended so as to avoid
such conflict.

 

14.13       Section
162(m). To the extent the Committee issues any Award that is intended to be exempt from the deduction limitation of Section
162(m) of the Code, the Committee may, without stockholder or grantee approval, amend the Plan or the relevant Award Agreement
retroactively or prospectively to the extent it determines necessary in order to comply with any subsequent clarification of Section
162(m) of the Code required to preserve the Company’s federal income tax deduction for compensation paid pursuant to any
such Award.

 

14.14       Beneficiary
Designation. Each Participant under the Plan may from time to time name any beneficiary or beneficiaries by whom any right
under the Plan is to be exercised in case of such Participant’s death. Each designation will revoke all prior designations
by the same Participant, shall be in a form reasonably prescribed by the Committee and shall be effective only when filed by the
Participant in writing with the Company during the Participant’s lifetime.

 

14.15       Expenses.
The costs of administering the Plan shall be paid by the Company.

 

14.16       Severability.
If any of the provisions of the Plan or any Award Agreement is held to be invalid, illegal or unenforceable, whether in whole
or in part, such provision shall be deemed modified to the extent, but only to the extent, of such invalidity, illegality or unenforceability
and the remaining provisions shall not be affected thereby.

    18

     

    

14.17       Plan
Headings. The headings in the Plan are for purposes of convenience only and are not intended to define or limit the construction
of the provisions hereof.

 

14.18       Non-Uniform
Treatment. The Committee’s determinations under the Plan need not be uniform and may be made by it selectively among
persons who are eligible to receive, or actually receive, Awards. Without limiting the generality of the foregoing, the Committee
shall be entitled to make non-uniform and selective determinations, amendments and adjustments, and to enter into non-uniform
and selective Award Agreements.

 

15.          Effective
Date of Plan. The Plan shall become effective as of the Effective Date, but no Award shall be exercised (or, in the case of
a stock Award, shall be granted) unless and until the Plan has been approved by the stockholders of the Company, which approval
shall be within twelve (12) months before or after the date the Plan is adopted by the Board.

 

16.          Termination
or Suspension of the Plan. The Plan shall terminate automatically on the ten-year anniversary of the Effective Date. No Award
shall be granted pursuant to the Plan after such date, but Awards theretofore granted may extend beyond that date. The Board may
suspend or terminate the Plan at any earlier date pursuant to Section 13.1 hereof. No Awards may be granted under the Plan
while the Plan is suspended or after it is terminated.

 

17.          Choice
of Law. The law of the State of Delaware shall govern all questions concerning the construction, validity and interpretation
of this Plan, without regard to such state’s conflict of law rules.

 

As
adopted by the Board of Directors of Rivulet Media, Inc. on May 26, 2020.

19Exhibit
10.14

 

PROMISSORY
NOTE

 

$100,000.00

 

Gilbert,
Arizona

 

October
29, 2020

 

For
value received, RIVULET MEDIA, INC., a Delaware corporation (the “Borrower”), promises to pay to the order
of DAN CROSSER (the “Lender”), the principal amount of ONE HUNDRED THOUSAND AND NO/100THS DOLLARS ($100,000.00)
pursuant the terms of this Promissory Note (the “Note”), with interest thereon as provided below.

 

1.       Interest.
Interest on the outstanding principal balance of this Note shall accrue, and shall be calculated, at the rate of ten percent (10%)
per annum (the “Interest Rate”) from the date of this Note until paid in full. Interest shall be computed on
the basis of actual days elapsed and a 365-day year and shall be payable in arrears.

  

2.       Security;
Payments. This Note shall be unsecured. This Note shall be payable in one (1) final balloon payment of all unpaid principal
and accrued but unpaid interest on the date that is six (6) months after the date of the execution of this Note (the “Maturity
Date”). The time period from the date of this Note through and including the satisfaction of all obligations under this
Note is hereinafter referred to as the “Loan Term”. All payments against this Note shall be payable without
setoff, deduction or demand and shall be made in lawful money of the United States of America at 225 12TH Street, Manhattan
Beach, CA 90266, or at such other place as Lender may from time to time designate in writing.

 

3.       Application
of Payments. Payments made under this Note shall be applied first to late charges, second to collection costs, third to accrued
and unpaid interest and fourth to principal hereunder. Notwithstanding the foregoing, any payments received after the occurrence
of and during the continuance of an Event of Default (as defined below) shall be applied in such manner as Lender may determine.

 

4.       Default
Rate. At Lender’s option and without prior notice, upon the occurrence of an Event of Default (as defined below) or
at any time during the pendency of any Event of Default under this Note or any related loan documents, Lender may impose a default
rate of interest (the “Default Rate”) equal to the lesser of (a) eighteen percent per annum (18%); and (b)
the highest rate permitted under applicable law. The Default Rate shall remain in effect until the default has been cured and
that fact has been communicated to and confirmed by Lender. Lender’s imposition of the Default Rate shall not constitute
an election of remedies or otherwise limit Lender’s rights concerning other remedies available to Lender as a result of
the occurrence of an Event of Default. In the event of a conflict between the provisions of this paragraph and any other provision
of the Note or any related agreement, the provisions of this paragraph shall control. If a default rate is prohibited by applicable
law, then the pre-default rate shall continue to apply after default or maturity.

 

5.       Late
Charge. If any installment of principal or interest due or becoming due pursuant to this Note is not received in full within
ten (10) days after the due date therefor, then Lender may, at its option, assess and collect, and Borrower shall pay, a late
charge equal to five percent (5%) of the past due sum. It is agreed that this “late charge” is reasonable in amount
and is based upon the desire of Borrower and Lender to agree in advance on an amount to reimburse Lender for the anticipated expense
it will incur as a result of any amount not being paid when due under this Note.

 

6.       Prepayments.
The Borrower may at its sole discretion have the privilege of prepaying this Note, in whole or in part, at any time without premium
or penalty. Borrower shall provide Lender with written notice of Borrower’s intent to prepay in full of this Note at least
five (5) business days prior to delivery of such prepayment in full to Lender. Any partial prepayment of this Note by Borrower
shall have the effect of reducing the amount of the final balloon payment due hereunder but shall not delay the next scheduled
payment due under this Note or reduce the next scheduled payment under this Note (except to the extent the principal amount hereunder
has been reduced and thereby the amount of accrued but unpaid interest is also reduced)

     

     

    

7.       Events
of Default.

 

 (a) Events of Default. Any
one or more of the following shall constitute an “Event of Default”:

 

 (i)
Any failure to pay any principal or interest under this Note when the same shall become due and payable and such failure continues
for five (5) days after written notice thereof to Borrower, or the failure to pay any other sum due under this Note when the same
shall become due and payable and such failure continues for five (5) days after written notice thereof to Borrower. No notice,
however, shall be required after maturity of this Note.

 

(ii)       Any
failure or neglect to perform or observe any of the covenants, conditions or provisions of this Note, (other than a failure or
neglect described in one or more of the other provisions of this Section 8(a)) and such failure or neglect continues unremedied
for a period of thirty (30) days after written notice thereof to Borrower.

 

(iii)       Any
warranty, representation or statement contained in this Note, or made or furnished to Lender by or on behalf of Borrower, that
shall be or shall prove to have been false when made or furnished.

 

(iv)       The
filing by Borrower (or against Borrower to which Borrower acquiesces or that is not dismissed within 45 days after the filing
thereof) of any proceeding under the federal bankruptcy laws now or hereafter existing or any other similar statute now or hereafter
in effect; the entry of an order for relief under such laws with respect to Borrower; or the appointment of a receiver, trustee,
custodian or conservator of all or any part of the assets of any Borrower.

 

(v)       The
insolvency of Borrower; or the execution by Borrower of an assignment for the benefit of creditors; or the convening by Borrower
of a meeting of its creditors, or any class thereof, for purposes of effecting a moratorium upon or extension or composition of
its debts; or the failure of Borrower to pay its debts as they mature; or if Borrower is generally not paying its debts as they
mature.

 

(vi)       The
admission in writing by Borrower that it is unable to pay its debts as they mature or that it is generally not paying its debts
as they mature.

 

(vii)       The
liquidation, termination or dissolution of Borrower.

 

(b)       Acceleration.
If an Event of Default shall occur, at the election of Lender, the full amount of this Note shall become immediately due and payable
without notice or demand.

 

(c)       Non-Exclusive Remedies. Upon the occurrence at any time of any Event of Default under this Note, without notice, demand or cure rights,
except as specifically provided in this Note, Lender may exercise any right or remedy provided in this Note. During the existence
of any such Event of Default, Lender may apply payments received against this Note (or under any instrument securing, evidencing,
or relating to the indebtedness evidenced by this Note) as Lender may determine. After any Event of Default unless and until such
Event of Default is cured satisfactorily to Lender in Lender’s sole discretion, Lender shall have the right, at its option
and without any obligation, to exercise any remedy available to Lender under any applicable law. All of Lender’s rights
and remedies under this Note shall be cumulative and not alternative or exclusive, and may be exercised by Lender at such time
or times and in such order of preference as Lender in its sole discretion may determine.

 

8.       Waiver.
No delay or omission on the part of Lender in exercising any right or remedy hereunder shall operate as a waiver of such right
or remedy or of any other right or remedy under this Note. A waiver on one occasion shall not be construed as a bar to or waiver
of any such right and/or remedy on any future occasion. Borrower, regardless of the time, order or place of signing, waives presentment,
demand, protest, notice of intent to accelerate, notice of acceleration and all other notices of every kind in connection with
the delivery, acceptance, performance or enforcement of this Note.

 

9.       Further
Assurances. The parties hereto agree to do all things deemed necessary by Lender in order to fully document the loan evidenced
by this Note. The undersigned agree to assist in the cure of any defects in the execution, delivery or substance of this Note.

     

     

    

10.       Costs
of Collection. Borrower agrees that if, and as often as, this Note is placed in the hands of an attorney for collection or
to defend or enforce any of Lender’s rights hereunder or under any instrument relating to or securing payment
of this Note, Borrower shall pay Lender its reasonable attorneys’ fees and all court costs and other expenses incurred in
connection therewith, regardless of whether a lawsuit is ever commenced or whether, if commenced, the same proceeds to judgment
or not. Such costs and expenses shall include, without limitation, all costs, attorneys’ fees and expenses incurred by Lender
in connection with any insolvency, bankruptcy, reorganization, arrangement or similar proceedings which in any way affects the
exercise by Lender of its rights and remedies under this Note.

 

11.       Usury.
In no event whatsoever shall the amount paid, or agreed to be paid, to Lender for the use, forbearance, or retention of the money
to be loaned hereunder (collectively, “Interest”) exceed the maximum amount permissible under applicable law.
If the performance or fulfillment of any provision hereof or of any agreement between Borrower and
Lender shall result in Interest exceeding the limit for interest prescribed by law, then the amount of such Interest shall be
reduced to such limit. If, from any circumstance whatsoever, Lender should receive as Interest an amount which would exceed the
highest lawful rate, the amount which would be excessive Interest shall be applied to the reduction of the principal balance owing
hereunder (or, at the option of Lender, be paid over to Borrower) and not to the payment of Interest.

 

12.       Governing
Law. This Note shall be governed by, and construed in accordance with, the laws of the State of Arizona, without regard to
its conflicts of laws principles.

 

13.       Successors.
The term “Borrower” as used herein shall include the original Borrower of this Note and any party who may subsequently
become liable for the payment hereof as an assumer with the consent of Lender, provided that Lender may, at its option, consider
the original Borrower of this Note alone as Borrower unless Lender has consented in writing to the substitution of another party
as Borrower. The term “Lender” as used herein shall mean Lender, or, if this Note is transferred, the then holder(s)
of this Note.

 

14.       Invalidity.
Invalidation of any of the provisions of this Note or of any article, paragraph, sentence, clause, phrase or word herein, or the
application thereof in any given circumstance, shall not affect the validity of the remainder of this Note.

 

15.       Time
of Essence. Time is of the essence in the performance of each and every obligation of Borrower.

 

16.       Jurisdiction;
Venue. Borrower irrevocably submits to the nonexclusive jurisdiction of any Federal court
sitting in the State of Arizona and any state court sitting in the County of Maricopa, Arizona, over any suit, action or proceeding
arising out of or relating to this Note. Borrower irrevocably waives, to the fullest extent it may effectively do so under applicable
law, any objection it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any
such court and any claim that the same has been brought in an inconvenient forum.

 

17.       Assignment.
The obligations under this Note may not be assigned by Borrower without the written consent of the Lender.

 

IN
WITNESS WHEREOF, the undersigned has executed this Note as of the date first written above.

 

	 	BORROWER
	 	RIVULET
    MEDIA, INC., a Delaware corporation
	 	 	 
	 	By: 
    	/s/
    Michael Witherill
	 	 	Michael
    Witherill, its President

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