Document:

Exhibit
10.6

 

OPTIMUS
HEALTHCARE SERVICES, INC.

2021 OMNIBUS EQUITY INCENTIVE PLAN

 

Section
1. Purpose of Plan.

 

The
name of the Plan is the Optimus Healthcare Services, Inc. 2021 Omnibus Equity Incentive Plan. The purposes of the Plan are to (i) provide
an additional incentive to selected employees, directors and independent contractors of the Company or its Affiliates whose contributions
are essential to the growth and success of the Company, (ii) strengthen the commitment of such individuals to the Company and its
Affiliates, (iii) motivate those individuals to faithfully and diligently perform their responsibilities and (iv) attract and
retain competent and dedicated individuals whose efforts will result in the long-term growth and profitability of the Company. To accomplish
these purposes, the Plan provides that the Company may grant Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units,
Other Stock-Based Awards or any combination of the foregoing.

 

Section
2. Definitions.

 

For
purposes of the Plan, the following terms shall be defined as set forth below:

 

(a) “Administrator”
means the Board, or, if and to the extent the Board does not administer the Plan, the Committee in accordance with Section 3 hereof.

 

(b) “Affiliate”
means a Person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control
with, the Person specified as of any date of determination.

 

(c) “Applicable
Laws” means the applicable requirements under U.S. federal and state corporate laws, U.S. federal and state securities laws,
including the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any
other country or jurisdiction where Awards are granted under the Plan, as are in effect from time to time.

 

(d) “Award”
means any Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit or Other Stock-Based Award granted under the Plan.

 

(e) “Award
Agreement” means any written notice, agreement, contract or other instrument or document evidencing an Award, including through
electronic medium, which shall contain such terms and conditions with respect to an Award as the Administrator shall determine, consistent
with the Plan.

 

(f) “Beneficial
Owner” (or any variant thereof) has the meaning defined in Rule 13d-3 under the Exchange Act.

 

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

 

(h) “Bylaws”
mean the bylaws of the Company, as may be amended and/or restated from time to time.

 

(i) “Cause”
has the meaning assigned to such term in any individual service, employment or severance agreement or Award Agreement with the
Participant or, if no such agreement exists or if such agreement does not define “Cause,” then “Cause” means
a Participant’s (i) performance of an act or acts of willful and material malfeasance or misconduct with respect to the
performance of the Participant’s duties and responsibilities to the Company or its Affiliates that results in material harm to
the Company or its Affiliates and that remains uncorrected for fifteen (15) days after receipt of written notice by the
Company (or any Affiliate) to the Participant; (ii) continued failure to devote Participant’s full business time and best
efforts to the faithful performance of Participant’s material duties and responsibilities (other than a failure resulting from
Participant becoming disabled) that remains uncorrected for fifteen (15) days after receipt of written notice by the Company
(or any Affiliate) to the Participant; (iii) material breach of any material provision of any individual service, employment,
severance agreement or Award Agreement that remains uncorrected for fifteen (15) days after receipt of written notice by the
Company (or any Affiliate) to the Participant; (iv) commission of an act of fraud, embezzlement, misappropriation, or personal
dishonesty against the Company or any Affiliate (which, if proven, would constitute a felony); or (v) conviction, or plea of nolo
contendere, of Participant to a crime constituting a felony. Any voluntary termination of employment or service by the
Participant in anticipation of an involuntary termination of the Participant’s employment or service, as applicable, for Cause
shall be deemed to be a termination for Cause.

 

    -1-

     

    

 

(j) “Change
in Capitalization” means any (i) merger, consolidation, reclassification, recapitalization, spin-off, spin-out, repurchase
or other reorganization or corporate transaction or event, (ii) special or extraordinary dividend or other extraordinary distribution
(whether in the form of cash, Common Stock or other property), stock split, reverse stock split, share subdivision or consolidation,
(iii) combination or exchange of shares or (iv) other change in corporate structure, which, in any such case, the Administrator
determines, in its sole discretion, affects the Shares such that an adjustment pursuant to Section 5 hereof is appropriate.

 

(k) “Change
in Control” means the first occurrence of an event set forth in any one of the following paragraphs following the Effective
Date:

 

(1) any
Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company (not including in the securities Beneficially
Owned by such Person which were acquired directly from the Company or any Affiliate thereof) representing more than fifty percent (50%)
of the combined voting power of the Company’s then outstanding securities, excluding any Person who becomes such a Beneficial Owner
in connection with a transaction described in clause (i) of paragraph (3) below; or

 

(2) the
date on which individuals who constitute the Board as of the Effective Date and any new director (other than a director whose initial
assumption of office is in connection with an actual or threatened election contest, including, but not limited to, a consent solicitation,
relating to the election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s
stockholders was approved or recommended by a vote of at least two-thirds (2/3) of the directors then still in office who either were
directors on the Effective Date or whose appointment, election or nomination for election was previously so approved or recommended cease
for any reason to constitute a majority of the number of directors serving on the Board; or

 

(3) there
is consummated a merger or consolidation of the Company or any direct or indirect Subsidiary with any other corporation or other entity,
other than (i) a merger or consolidation (A) which results in the voting securities of the Company outstanding immediately
prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities
of the surviving entity or any parent thereof), in combination with the ownership of any trustee or other fiduciary holding securities
under an employee benefit plan of the Company or any Subsidiary, fifty percent (50%) or more of the combined voting power of the securities
of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation and (B) following
which the individuals who comprise the Board immediately prior thereto constitute at least a majority of the board of directors of the
Company, the entity surviving such merger or consolidation or, if the Company or the entity surviving such merger or consolidation is
then a Subsidiary, the ultimate parent thereof, or (ii) a merger or consolidation effected to implement a recapitalization of the
Company (or similar transaction) in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the
Company (not including in the securities Beneficially Owned by such Person any securities acquired directly from the Company or its Affiliates)
representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities; or

 

(4) the
stockholders of the Company approve a plan of complete liquidation or dissolution of the Company or there is consummated an agreement
for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than (A) a sale or disposition
by the Company of all or substantially all of the Company’s assets to an entity, more than fifty percent (50%) of the combined
voting power of the voting securities of which are owned by stockholders of the Company following the completion of such transaction
in substantially the same proportions as their ownership of the Company immediately prior to such sale or (B) a sale or disposition
of all or substantially all of the Company’s assets immediately following which the individuals who comprise the Board immediately
prior thereto constitute at least a majority of the board of directors of the entity to which such assets are sold or disposed or, if
such entity is a subsidiary, the ultimate parent thereof.

 

    -2-

     

    

 

Notwithstanding
the foregoing, (i) a Change in Control shall not be deemed to have occurred by virtue of the consummation of any transaction or
series of integrated transactions immediately following which the holders of Common Stock immediately prior to such transaction or series
of transactions continue to have substantially the same proportionate ownership in an entity which owns all or substantially all of the
assets of the Company immediately following such transaction or series of transactions and (ii) to the extent required to avoid
accelerated taxation and/or tax penalties under Section 409A of the Code, a Change in Control shall be deemed to have occurred under
the Plan with respect to any Award that constitutes deferred compensation under Section 409A of the Code only if a change in the ownership
or effective control of the Company or a change in ownership of a substantial portion of the assets of the Company shall also be deemed
to have occurred under Section 409A of the Code. For purposes of this definition of Change in Control, the term “Person”
shall not include (i) the Company or any Subsidiary thereof, (ii) a trustee or other fiduciary holding securities under an
employee benefit plan of the Company or any Subsidiary thereof, (iii) an underwriter temporarily holding securities pursuant to
an offering of such securities, or (iv) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially
the same proportions as their ownership of shares of the Company.

 

(l) “Code”
means the Internal Revenue Code of 1986, as amended from time to time, or any successor thereto.

 

(m) “Committee”
means any committee or subcommittee the Board may appoint to administer the Plan. Subject to the discretion of the Board, the Committee
shall be composed entirely of individuals who meet the qualifications of a “non-employee director” within the meaning of
Rule 16b-3 under the Exchange Act and any other qualifications required by the applicable stock exchange on which the Common Stock is
traded.

 

(n) “Common
Stock” means the common stock of the Company, par value $0.001.

 

(o) “Company”
means Optimus Healthcare Services, Inc., a Florida corporation (or any successor company, except as the term “Company” is
used in the definition of “Change in Control” above).

 

(p) “Disability”
has the meaning assigned to such term in any individual service, employment or severance agreement or Award Agreement with the Participant
or, if no such agreement exists or if such agreement does not define “Disability,” then “Disability” means that
a Participant, as determined by the Administrator in its sole discretion, (i) is unable to engage in any substantial gainful activity
by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to
last for a continuous period of not less than twelve (12) months, or (ii) is, by reason of any medically determinable physical or
mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve
(12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering
employees of the Company or an Affiliate thereof.

 

(q) “Effective
Date” has the meaning set forth in Section 17 hereof.

 

(r) “Eligible
Recipient” means an employee, director or independent contractor of the Company or any Affiliate of the Company who has been
selected as an eligible participant by the Administrator; provided, however, to the extent required to avoid accelerated
taxation and/or tax penalties under Section 409A of the Code, an Eligible Recipient of an Option or a Stock Appreciation Right means
an employee, non-employee director or independent contractor of the Company or any Affiliate of the Company with respect to whom the
Company is an “eligible issuer of service recipient stock” within the meaning of Section 409A of the Code.

 

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

 

(t) “Exempt
Award” shall mean the following:

 

(1) An
Award granted in assumption of, or in substitution for, outstanding awards previously granted by a corporation or other entity acquired
by the Company or any of its Subsidiaries or with which the Company or any of its Subsidiaries combines by merger or otherwise. The terms
and conditions of any such Awards may vary from the terms and conditions set forth in the Plan to the extent the Administrator at the
time of grant may deem appropriate, subject to Applicable Laws.

 

(2) An
award that an Eligible Recipient purchases at Fair Market Value (including awards that an Eligible Recipient elects to receive in lieu
of fully vested compensation that is otherwise due) whether or not the Shares are delivered immediately or on a deferred basis.

 

    -3-

     

    

 

(u) “Exercise
Price” means, (i) with respect to any Option, the per share price at which a holder of such Option may purchase Shares
issuable upon exercise of such Award, and (ii) with respect to a Stock Appreciation Right, the base price per share of such Stock
Appreciation Right.

 

(v) “Fair
Market Value” of a share of Common Stock or another security as of a particular date shall mean the fair market value as determined
by the Administrator in its sole discretion; provided, that, (i) if the Common Stock or other security is admitted to trading on
a national securities exchange, the fair market value on any date shall be the closing sale price reported on such date, or if no shares
were traded on such date, on the last preceding date for which there was a sale of a share of Common Stock on such exchange, or (ii) if
the Common Stock or other security is then traded in an over-the-counter market, the fair market value on any date shall be the average
of the closing bid and asked prices for such share in such over-the-counter market for the last preceding date on which there was a sale
of such share in such market.

 

(w) “Free
Standing Rights” has the meaning set forth in Section 8.

 

(x) “Good
Reason” has the meaning assigned to such term in any individual service, employment or severance agreement or Award Agreement
with the Participant or, if no such agreement exists or if such agreement does not define “Good Reason,” “Good Reason”
and any provision of this Plan that refers to “Good Reason” shall not be applicable to such Participant.

 

(y) “Incentive
Compensation” means annual cash bonus and any Award.

 

(z) “ISO”
means an Option intended to be and designated as an “incentive stock option” within the meaning of Section 422 of the Code.

 

(aa) “Nonqualified
Stock Option” shall mean an Option that is not designated as an ISO.

 

(bb) “Option”
means an option to purchase shares of Common Stock granted pursuant to Section 7 hereof. The term “Option” as used in the
Plan includes the terms “Nonqualified Stock Option” and “ISO.”

 

(cc) “Other
Stock-Based Award” means a right or other interest granted pursuant to Section 10 hereof that may be denominated or payable
in, valued in whole or in part by reference to, or otherwise based on or related to, Common Stock, including, but not limited to, unrestricted
Shares, dividend equivalents or performance units, each of which may be subject to the attainment of performance goals or a period of
continued provision of service or employment or other terms or conditions as permitted under the Plan.

 

(dd) “Participant”
means any Eligible Recipient selected by the Administrator, pursuant to the Administrator’s authority provided for in Section 3
below, to receive grants of Awards, and, upon his or her death, his or her successors, heirs, executors and administrators, as the case
may be.

 

(ee) “Person”
shall have the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof.

 

(ff) “Plan”
means this 2021 Omnibus Equity Incentive Plan.

 

(gg) “Related
Rights” has the meaning set forth in Section 8.

 

(hh) “Restricted
Period” has the meaning set forth in Section 9.

 

(ii) “Restricted
Stock” means a Share granted pursuant to Section 9 below subject to certain restrictions that lapse at the end of a specified
period (or periods) of time and/or upon attainment of specified performance objectives.

 

    -4-

     

    

 

(jj) “Restricted
Stock Unit” means the right granted pursuant to Section 9 hereof to receive a Share at the end of a specified restricted period
(or periods) of time and/or upon attainment of specified performance objectives.

 

(kk) “Rule
16b-3” has the meaning set forth in Section 3.

 

(ll) “Section
16 Officer” means any officer of the Company whom the Board has determined is subject to the reporting requirements of Section
16 of the Exchange Act, whether or not such individual is a Section 16 Officer at the time the determination to recoup compensation is
made.

 

(mm) “Shares”
means Common Stock reserved for issuance under the Plan, as adjusted pursuant to the Plan, and any successor (pursuant to a merger, consolidation
or other reorganization) security.

 

(nn) “Stock
Appreciation Right” means a right granted pursuant to Section 8 hereof to receive an amount equal to the excess, if any, of
(i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such
Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

 

(oo) “Subsidiary”
means, with respect to any Person, as of any date of determination, any other Person as to which such first Person owns or otherwise
controls, directly or indirectly, more than 50% of the voting shares or other similar interests or a sole general partner interest or
managing member or similar interest of such other Person.

 

(pp) “Transfer”
has the meaning set forth in Section 15.

 

Section
3. Administration.

 

(a) The
Plan shall be administered by the Administrator and shall be administered, to the extent applicable, in accordance with Rule 16b-3 under
the Exchange Act (“Rule 16b-3”).

 

(b) Pursuant
to the terms of the Plan, the Administrator, subject, in the case of any Committee, to any restrictions on the authority delegated to
it by the Board, shall have the power and authority, without limitation:

 

(1) to
select those Eligible Recipients who shall be Participants;

 

(2) to
determine whether and to what extent Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Other Stock-Based
Awards or a combination of any of the foregoing, are to be granted hereunder to Participants;

 

(3) to
determine the number of Shares to be covered by each Award granted hereunder;

 

(4) to
determine the terms and conditions, not inconsistent with the terms of the Plan, of each Award granted hereunder (including, but not
limited to, (i) the restrictions applicable to Restricted Stock or Restricted Stock Units and the conditions under which restrictions
applicable to such Restricted Stock or Restricted Stock Units shall lapse, (ii) the performance goals and periods applicable to
Awards, (iii) the Exercise Price of each Option and each Stock Appreciation Right or the purchase price of any other Award, (iv) the
vesting schedule and terms applicable to each Award, (v) the number of Shares or amount of cash or other property subject to each
Award and (vi) subject to the requirements of Section 409A of the Code (to the extent applicable) any amendments to the terms and
conditions of outstanding Awards, including, but not limited to, extending the exercise period of such Awards and accelerating the payment
schedules of such Awards and/or, to the extent specifically permitted under the Plan, accelerating the vesting schedules of such Awards);

 

(5) to
determine the terms and conditions, not inconsistent with the terms of the Plan, which shall govern all written instruments evidencing
Awards;

 

(6) to
determine the Fair Market Value in accordance with the terms of the Plan;

 

(7) to
determine the duration and purpose of leaves of absence which may be granted to a Participant without constituting termination of the
Participant’s service or employment for purposes of Awards granted under the Plan;

 

(8) to
adopt, alter and repeal such administrative rules, regulations, guidelines and practices governing the Plan as it shall from time to
time deem advisable;

 

    -5-

     

    

 

(9) to
construe and interpret the terms and provisions of, and supply or correct omissions in, the Plan and any Award issued under the Plan
(and any Award Agreement relating thereto), and to otherwise supervise the administration of the Plan and to exercise all powers and
authorities either specifically granted under the Plan or necessary and advisable in the administration of the Plan; and

 

(10) to
prescribe, amend and rescind rules and regulations relating to sub-plans established for the purpose of satisfying applicable non-United
States laws or for qualifying for favorable tax treatment under applicable non-United States laws, which rules and regulations may be
set forth in an appendix or appendixes to the Plan.

 

(c) Subject
to Section 5, neither the Board nor the Committee shall have the authority to reprice or cancel and regrant any Award at a lower exercise,
base or purchase price or cancel any Award with an exercise, base or purchase price in exchange for cash, property or other Awards without
first obtaining the approval of the Company’s stockholders.

 

(d) All
decisions made by the Administrator pursuant to the provisions of the Plan shall be final, conclusive and binding on all Persons, including
the Company and the Participants.

 

(e) The
expenses of administering the Plan shall be borne by the Company and its Affiliates.

 

(f) If
at any time or to any extent the Board shall not administer the Plan, then the functions of the Administrator specified in the Plan shall
be exercised by the Committee. Except as otherwise provided in the Articles of Incorporation or Bylaws of the Company, any action of
the Committee with respect to the administration of the Plan shall be taken by a majority vote at a meeting at which a quorum is duly
constituted or unanimous written consent of the Committee’s members.

 

Section
4. Shares Reserved for Issuance Under the Plan.

 

(a) Subject
to Section 5 hereof, the number of shares of Common Stock that are reserved and available for issuance pursuant to Awards granted under
the Plan shall be equal to the sum of (i) [___]1 shares, plus (ii) an annual increase on the first day of each calendar
year beginning with the first January 1 following the Effective Date and ending with the last January 1 during the initial ten-year term
of the Plan, equal to the lesser of (A) five percent (5%) of the Shares outstanding (on an as-converted basis) on the final
day of the immediately preceding calendar year; and (B) such lesser number of Shares as determined by the Board; provided,
that, shares of Common Stock issued under the Plan with respect to an Exempt Award shall not count against such share limit.

 

(b) Shares
issued under the Plan may, in whole or in part, be authorized but unissued Shares or Shares that shall have been or may be reacquired
by the Company in the open market, in private transactions or otherwise. If an Award entitles the Participant 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 granting Awards under the Plan. If any Shares subject to an Award are forfeited,
cancelled, exchanged or surrendered or if an Award otherwise terminates or expires without a distribution of Shares to the Participant,
the Shares with respect to such Award shall, to the extent of any such forfeiture, cancellation, exchange, surrender, termination or
expiration, again be available for granting Awards under the Plan. Notwithstanding the foregoing, (i) Shares surrendered or withheld
as payment of either the Exercise Price of an Award (including Shares otherwise underlying a Stock Appreciation Right that are retained
by the Company to account for the Exercise Price of such Stock Appreciation Right) and/or withholding taxes in respect of an Award and
(ii) any Shares reacquired by the Company on the open market or otherwise using cash proceeds from the exercise of Options shall
no longer be available for grant under the Plan. In addition, (i) to the extent an Award is denominated in shares of Common Stock,
but paid or settled in cash, the number of shares of Common Stock with respect to which such payment or settlement is made shall again
be available for grants of Awards pursuant to the Plan and (ii) shares of Common Stock underlying Awards that can only be settled
in cash shall not be counted against the aggregate number of shares of Common Stock available for Awards under the Plan. Upon the exercise
of any Award granted in tandem with any other Awards, such related Awards shall be cancelled to the extent of the number of Shares as
to which the Award is exercised and, notwithstanding the foregoing, such number of Shares shall no longer be available for grant under
the Plan.

 

(c) No
more than [___]2 Shares (as increased on an annual basis, on the first day of each calendar year beginning with the first
January 1 following the Effective Date and ending with the last January 1 during the initial ten-year term of the Plan, by the least
of (A) five percent (5%) of the Shares outstanding (on an as-converted basis) on the final day of the immediately preceding
calendar year; (B) [___] Shares, and (C) such lesser number of Shares as determined by the Board) shall be issued pursuant
to the exercise of ISOs.

 

 

1
NOTE: To insert number of shares of Common Stock reserved for issuance under Plan.

2 NOTE: To insert number
of Shares to be issued pursuant to exercise of ISOs.

 

    -6-

     

    

 

(d) Director
Compensation Limits. Notwithstanding any provision to the contrary in the Plan, the sum of the grant date Fair Market Value of equity-based
Awards (determined as of the grant date in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic
718, or any successor thereto) plus any cash fees paid by the Company for serving as a non-employee director of the Board during any
calendar year shall not exceed $[___]3, increased to $[___] in the calendar year of his or her initial service as a non-employee
director.

 

Section
5. Equitable Adjustments.

 

In
the event of any Change in Capitalization, an equitable substitution or proportionate adjustment shall be made in (i) the aggregate
number and kind of securities reserved for issuance under the Plan pursuant to Section 4, (ii) the kind, number of securities subject
to, and the Exercise Price subject to outstanding Options and Stock Appreciation Rights granted under the Plan, (iii) the kind,
number and purchase price of Shares or other securities or the amount of cash or amount or type of other property subject to outstanding
Restricted Stock, Restricted Stock Units or Other Stock-Based Awards granted under the Plan; and/or (iv) the terms and conditions
of any outstanding Awards (including, without limitation, any applicable performance targets or criteria with respect thereto); provided,
however, that any fractional shares resulting from the adjustment shall be eliminated. Such other equitable substitutions or adjustments
shall be made as may be determined by the Administrator, in its sole discretion. Without limiting the generality of the foregoing, in
connection with a Change in Capitalization, the Administrator may provide, in its sole discretion, but subject in all events to the requirements
of Section 409A of the Code, for the cancellation of any outstanding Award granted hereunder in exchange for payment in cash or other
property having an aggregate Fair Market Value equal to the Fair Market Value of the Shares, cash or other property covered by such Award,
reduced by the aggregate Exercise Price or purchase price thereof, if any; provided, however, that if the Exercise Price
or purchase price of any outstanding Award is equal to or greater than the Fair Market Value of the shares of Common Stock, cash or other
property covered by such Award, the Administrator may cancel such Award without the payment of any consideration to the Participant.
Further, without limiting the generality of the foregoing, with respect to Awards subject to foreign laws, adjustments made hereunder
shall be made in compliance with applicable requirements. Except to the extent determined by the Administrator, any adjustments to ISOs
under this Section 5 shall be made only to the extent not constituting a “modification” within the meaning of Section 424(h)(3)
of the Code. The Administrator’s determinations pursuant to this Section 5 shall be final, binding and conclusive.

 

Section
6. Eligibility.

 

The
Participants in the Plan shall be selected from time to time by the Administrator, in its sole discretion, from those individuals that
qualify as Eligible Recipients.

 

Section
7. Options.

 

(a) General.
Options granted under the Plan shall be designated as Nonqualified Stock Options or ISOs. Each Participant who is granted an Option shall
enter into an Award Agreement with the Company, containing such terms and conditions as the Administrator shall determine, in its sole
discretion, including, among other things, the Exercise Price of the Option, the term of the Option and provisions regarding exercisability
of the Option, and whether the Option is intended to be an ISO or a Nonqualified Stock Option (and in the event the Award Agreement has
no such designation, the Option shall be a Nonqualified Stock Option). The provisions of each Option need not be the same with respect
to each Participant. More than one Option may be granted to the same Participant and be outstanding concurrently hereunder. Options granted
under the Plan shall be subject to the terms and conditions set forth in this Section 7 and shall contain such additional terms and conditions,
not inconsistent with the terms of the Plan, as the Administrator shall deem desirable and set forth in the applicable Award Agreement.

 

(b) Exercise
Price. The Exercise Price of Shares purchasable under an Option shall be determined by the Administrator in its sole discretion at
the time of grant, but in no event shall the exercise price of an Option be less than one hundred percent (100%) of the Fair Market Value
of a share of Common Stock on the date of grant.

 

(c) Option
Term. The maximum term of each Option shall be fixed by the Administrator, but no Option shall be exercisable more than ten (10)
years after the date such Option is granted. Each Option’s term is subject to earlier expiration pursuant to the applicable provisions
in the Plan and the Award Agreement. Notwithstanding the foregoing, subject to Section 4(d) of the Plan, the Administrator shall have
the authority to accelerate the exercisability of any outstanding Option at such time and under such circumstances as the Administrator,
in its sole discretion, deems appropriate.

 

 

3
NOTE: To insert amount of director compensation limits.

 

    -7-

     

    

 

(d) Exercisability.
Each Option shall be exercisable at such time or times and subject to such terms and conditions, including the attainment of performance
goals, as shall be determined by the Administrator in the applicable Award Agreement. The Administrator may also provide that any Option
shall be exercisable only in installments, and the Administrator may waive such installment exercise provisions at any time, in whole
or in part, based on such factors as the Administrator may determine in its sole discretion.

 

(e) Method
of Exercise. Options may be exercised in whole or in part by giving written notice of exercise to the Company specifying the number
of whole Shares to be purchased, accompanied by payment in full of the aggregate Exercise Price of the Shares so purchased in cash or
its equivalent, as determined by the Administrator. As determined by the Administrator, in its sole discretion, with respect to any Option
or category of Options, payment in whole or in part may also be made (i) by means of consideration received under any cashless exercise
procedure approved by the Administrator (including the withholding of Shares otherwise issuable upon exercise), (ii) in the form
of unrestricted Shares already owned by the Participant which have a Fair Market Value on the date of surrender equal to the aggregate
exercise price of the Shares as to which such Option shall be exercised, (iii) any other form of consideration approved by the Administrator
and permitted by Applicable Laws or (iv) any combination of the foregoing.

 

(f) ISOs.
The terms and conditions of ISOs granted hereunder shall be subject to the provisions of Section 422 of the Code and the terms, conditions,
limitations and administrative procedures established by the Administrator from time to time in accordance with the Plan. At the discretion
of the Administrator, ISOs may be granted only to an employee of the Company, its “parent corporation” (as such term is defined
in Section 424(e) of the Code) or a Subsidiary of the Company.

 

(1) ISO
Grants to 10% Stockholders. Notwithstanding anything to the contrary in the Plan, if an ISO is granted to a Participant who owns
shares representing more than ten percent (10%) of the voting power of all classes of shares of the Company, its “parent corporation”
(as such term is defined in Section 424(e) of the Code) or a Subsidiary of the Company, the term of the ISO shall not exceed five (5)
years from the time of grant of such ISO and the Exercise Price shall be at least one hundred and ten percent (110%) of the Fair Market
Value of the Shares on the date of grant.

 

(2) $100,000
Per Year Limitation For ISOs. To the extent the aggregate Fair Market Value (determined on the date of grant) of the Shares for which
ISOs are exercisable for the first time by any Participant during any calendar year (under all plans of the Company) exceeds $100,000,
such excess ISOs shall be treated as Nonqualified Stock Options.

 

(3) Disqualifying
Dispositions. Each Participant awarded an ISO under the Plan shall notify the Company in writing immediately after the date the Participant
makes a “disqualifying disposition” of any Share acquired pursuant to the exercise of such ISO. A “disqualifying disposition”
is any disposition (including any sale) of such Shares before the later of (i) two years after the date of grant of the ISO and
(ii) one year after the date the Participant acquired the Shares by exercising the ISO. The Company may, if determined by the Administrator
and in accordance with procedures established by it, retain possession of any Shares acquired pursuant to the exercise of an ISO as agent
for the applicable Participant until the end of the period described in the preceding sentence, subject to complying with any instructions
from such Participant as to the sale of such Shares.

 

(g) Rights
as Stockholder. A Participant shall have no rights to dividends, dividend equivalents or distributions or any other rights of a stockholder
with respect to the Shares subject to an Option until the Participant has given written notice of the exercise thereof, and has paid
in full for such Shares and has satisfied the requirements of Section 15 hereof.

 

(h) Termination
of Employment or Service. Treatment of an Option upon termination of employment of a Participant shall be provided for by the Administrator
in the Award Agreement.

 

(i) Other
Change in Employment or Service Status. An Option shall be affected, both with regard to vesting schedule and termination, by leaves
of absence, including unpaid and un-protected leaves of absence, changes from full-time to part-time employment, partial Disability or
other changes in the employment status or service status of a Participant, in the discretion of the Administrator.

 

    -8-

     

    

 

Section
8. Stock Appreciation Rights.

 

(a) General.
Stock Appreciation Rights may be granted either alone (“Free Standing Rights”) or in conjunction with all or part
of any Option granted under the Plan (“Related Rights”). Related Rights may be granted either at or after the time
of the grant of such Option. The Administrator shall determine the Eligible Recipients to whom, and the time or times at which, grants
of Stock Appreciation Rights shall be made. Each Participant who is granted a Stock Appreciation Right shall enter into an Award Agreement
with the Company, containing such terms and conditions as the Administrator shall determine, in its sole discretion, including, among
other things, the number of Shares to be awarded, the Exercise Price per Share, and all other conditions of Stock Appreciation Rights.
Notwithstanding the foregoing, no Related Right may be granted for more Shares than are subject to the Option to which it relates. The
provisions of Stock Appreciation Rights need not be the same with respect to each Participant. Stock Appreciation Rights granted under
the Plan shall be subject to the following terms and conditions set forth in this Section 8 and shall contain such additional terms and
conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable, as set forth in the applicable Award
Agreement.

 

(b) Awards;
Rights as Stockholder. A Participant shall have no rights to dividends or any other rights of a stockholder with respect to the shares
of Common Stock, if any, subject to a Stock Appreciation Right until the Participant has given written notice of the exercise thereof
and has satisfied the requirements of Section 15 hereof.

 

(c) Exercise
Price. The Exercise Price of Shares purchasable under a Stock Appreciation Right shall be determined by the Administrator in its
sole discretion at the time of grant, but in no event shall the exercise price of a Stock Appreciation Right be less than one hundred
percent (100%) of the Fair Market Value of a share of Common Stock on the date of grant.

 

(d) Exercisability.

 

(1) Stock
Appreciation Rights that are Free Standing Rights shall be exercisable at such time or times and subject to such terms and conditions
as shall be determined by the Administrator in the applicable Award Agreement.

 

(2) Stock
Appreciation Rights that are Related Rights shall be exercisable only at such time or times and to the extent that the Options to which
they relate shall be exercisable in accordance with the provisions of Section 7 hereof and this Section 8 of the Plan.

 

(e) Payment
Upon Exercise.

 

(1) Upon
the exercise of a Free Standing Right, the Participant shall be entitled to receive up to, but not more than, that number of Shares equal
in value to the excess of the Fair Market Value as of the date of exercise over the Exercise Price per share specified in the Free Standing
Right multiplied by the number of Shares in respect of which the Free Standing Right is being exercised.

 

(2) A
Related Right may be exercised by a Participant by surrendering the applicable portion of the related Option. Upon such exercise and
surrender, the Participant shall be entitled to receive up to, but not more than, that number of Shares equal in value to the excess
of the Fair Market Value as of the date of exercise over the Exercise Price specified in the related Option multiplied by the number
of Shares in respect of which the Related Right is being exercised. Options which have been so surrendered, in whole or in part, shall
no longer be exercisable to the extent the Related Rights have been so exercised.

 

(3) Notwithstanding
the foregoing, the Administrator may determine to settle the exercise of a Stock Appreciation Right in cash (or in any combination of
Shares and cash).

 

(f) Termination
of Employment or Service. Treatment of a Stock Appreciation Right upon termination of employment of a Participant shall be provided
for by the Administrator in the Award Agreement.

 

    -9-

     

    

 

(g) Term.

 

(1) The
term of each Free Standing Right shall be fixed by the Administrator, but no Free Standing Right shall be exercisable more than ten (10)
years after the date such right is granted.

 

(2) The
term of each Related Right shall be the term of the Option to which it relates, but no Related Right shall be exercisable more than ten
(10) years after the date such right is granted.

 

(h) Other
Change in Employment or Service Status. Stock Appreciation Rights shall be affected, both with regard to vesting schedule and termination,
by leaves of absence, including unpaid and un-protected leaves of absence, changes from full-time to part-time employment, partial Disability
or other changes in the employment or service status of a Participant, in the discretion of the Administrator.

 

Section
9. Restricted Stock and Restricted Stock Units.

 

(a) General.
Restricted Stock or Restricted Stock Units may be issued under the Plan. The Administrator shall determine the Eligible Recipients to
whom, and the time or times at which, Restricted Stock or Restricted Stock Units shall be made. Each Participant who is granted Restricted
Stock or Restricted Stock Units shall enter into an Award Agreement with the Company, containing such terms and conditions as the Administrator
shall determine, in its sole discretion, including, among other things, the number of Shares to be awarded; the price, if any, to be
paid by the Participant for the acquisition of Restricted Stock or Restricted Stock Units; the period of time restrictions, performance
goals or other conditions that apply to Transferability, delivery or vesting of such Awards (the “Restricted Period”);
and all other conditions applicable to the Restricted Stock and Restricted Stock Units. If the restrictions, performance goals or conditions
established by the Administrator are not attained, a Participant shall forfeit his or her Restricted Stock or Restricted Stock Units,
in accordance with the terms of the grant. The provisions of the Restricted Stock or Restricted Stock Units need not be the same with
respect to each Participant.

 

(b) Awards
and Certificates. Except as otherwise provided below in Section 9(c), (i) each Participant who is granted an Award of Restricted
Stock may, in the Company’s sole discretion, be issued a share certificate in respect of such Restricted Stock; and (ii) any
such certificate so issued shall be registered in the name of the Participant, and shall bear an appropriate legend referring to the
terms, conditions and restrictions applicable to any such Award. The Company may require that the share certificates, if any, evidencing
Restricted Stock granted hereunder be held in the custody of the Company until the restrictions thereon shall have lapsed, and that,
as a condition of any Award of Restricted Stock, the Participant shall have delivered a share transfer form, endorsed in blank, relating
to the Shares covered by such Award. Certificates for shares of unrestricted Common Stock may, in the Company’s sole discretion,
be delivered to the Participant only after the Restricted Period has expired without forfeiture in such Restricted Stock Award. With
respect to Restricted Stock Units to be settled in Shares, at the expiration of the Restricted Period, share certificates in respect
of the shares of Common Stock underlying such Restricted Stock Units may, in the Company’s sole discretion, be delivered to the
Participant, or his legal representative, in a number equal to the number of shares of Common Stock underlying the Restricted Stock Units
Award. Notwithstanding anything in the Plan to the contrary, any Restricted Stock or Restricted Stock Units to be settled in Shares (at
the expiration of the Restricted Period, and whether before or after any vesting conditions have been satisfied) may, in the Company’s
sole discretion, be issued in uncertificated form. Further, notwithstanding anything in the Plan to the contrary, with respect to Restricted
Stock Units, at the expiration of the Restricted Period, Shares, or cash, as applicable, shall promptly be issued (either in certificated
or uncertificated form) to the Participant, unless otherwise deferred in accordance with procedures established by the Company in accordance
with Section 409A of the Code, and such issuance or payment shall in any event be made within such period as is required to avoid the
imposition of a tax under Section 409A of the Code.

 

(c) Restrictions
and Conditions. The Restricted Stock or Restricted Stock Units granted pursuant to this Section 9 shall be subject to the following
restrictions and conditions and any additional restrictions or conditions as determined by the Administrator at the time of grant or,
subject to Section 409A of the Code where applicable, thereafter:

 

(1) The
Administrator may, in its sole discretion, provide for the lapse of restrictions in installments and may accelerate or waive such restrictions
in whole or in part based on such factors and such circumstances as the Administrator may determine, in its sole discretion, including,
but not limited to, the attainment of certain performance goals, the Participant’s termination of employment or service with the
Company or any Affiliate thereof, or the Participant’s death or Disability. Notwithstanding the foregoing, upon a Change in Control,
the outstanding Awards shall be subject to Section 11 hereof.

 

    -10-

     

    

 

(2) Except
as provided in the applicable Award Agreement, the Participant shall generally have the rights of a stockholder of the Company with respect
to Restricted Stock during the Restricted Period; provided, however, that dividends declared during the Restricted Period
with respect to an Award, shall only become payable if (and to the extent) the underlying Restricted Stock vests. Except as provided
in the applicable Award Agreement, the Participant shall generally not have the rights of a stockholder with respect to Shares subject
to Restricted Stock Units during the Restricted Period; provided, however, that, subject to Section 409A of the Code, an
amount equal to dividends declared during the Restricted Period with respect to the number of Shares covered by Restricted Stock Units
shall, unless otherwise set forth in an Award Agreement, be paid to the Participant at the time (and to the extent) Shares in respect
of the related Restricted Stock Units are delivered to the Participant. Certificates for Shares of unrestricted Common Stock may, in
the Company’s sole discretion, be delivered to the Participant only after the Restricted Period has expired without forfeiture
in respect of such Restricted Stock or Restricted Stock Units, except as the Administrator, in its sole discretion, shall otherwise determine.

 

(3) The
rights of Participants granted Restricted Stock or Restricted Stock Units upon termination of employment or service as a director or
independent contractor to the Company or to any Affiliate thereof terminates for any reason during the Restricted Period shall be set
forth in the Award Agreement.

 

(d) Form
of Settlement. The Administrator reserves the right in its sole discretion to provide (either at or after the grant thereof) that
any Restricted Stock Unit represents the right to receive the amount of cash per unit that is determined by the Administrator in connection
with the Award.

 

Section
10. Other Stock-Based Awards.

 

Other
Stock-Based Awards may be issued under the Plan. Subject to the provisions of the Plan, the Administrator shall have sole and complete
authority to determine the individuals to whom and the time or times at which such Other Stock-Based Awards shall be granted. Each Participant
who is granted an Other Stock-Based Award shall enter into an Award Agreement with the Company, containing such terms and conditions
as the Administrator shall determine, in its sole discretion, including, among other things, the number of shares of Common Stock to
be granted pursuant to such Other Stock-Based Awards, or the manner in which such Other Stock-Based Awards shall be settled (e.g., in
shares of Common Stock, cash or other property), or the conditions to the vesting and/or payment or settlement of such Other Stock-Based
Awards (which may include, but not be limited to, achievement of performance criteria) and all other terms and conditions of such Other
Stock-Based Awards. In the event that the Administrator grants a bonus in the form of Shares, the Shares constituting such bonus shall,
as determined by the Administrator, be evidenced in uncertificated form or by a book entry record or a certificate issued in the name
of the Participant to whom such grant was made and delivered to such Participant as soon as practicable after the date on which such
bonus is payable. Notwithstanding anything set forth in the Plan to the contrary, any dividend or dividend equivalent Award issued hereunder
shall be subject to the same restrictions, conditions and risks of forfeiture as apply to the underlying Award.

 

Section
11. Change in Control.

 

Unless
otherwise determined by the Administrator and evidenced in an Award Agreement, in the event that (a) a Change in Control occurs,
and (b) the Participant is employed by the Company or any of its Affiliates immediately prior to the consummation of such Change in Control
then upon the consummation of such Change in Control, the Administrator, in its sole and absolute discretion, may:

 

(a) provide
that any unvested or unexercisable portion of any Award carrying a right to exercise become fully vested and exercisable; and

 

(b) cause
the restrictions, deferral limitations, payment conditions and forfeiture conditions applicable to an Award granted under the Plan to
lapse and such Awards shall be deemed fully vested and any performance conditions imposed with respect to such Awards shall be deemed
to be fully achieved at target performance levels.

 

    -11-

     

    

 

If
the Administrator determines in its discretion pursuant to Section 3(b)(4) hereof to accelerate the vesting of Options and/or Share Appreciation
Rights in connection with a Change in Control, the Administrator shall also have discretion in connection with such action to provide
that all Options and/or Stock Appreciation Rights outstanding immediately prior to such Change in Control shall expire on the effective
date of such Change in Control.

 

Section
12. Amendment and Termination.

 

The
Board may amend, alter or terminate the Plan at any time, but no amendment, alteration or termination shall be made that would impair
the rights of a Participant under any Award theretofore granted without such Participant’s consent. The Board shall obtain approval
of the Company’s stockholders for any amendment that would require such approval in order to satisfy the requirements of any rules
of the stock exchange on which the Common Stock is traded or other Applicable Law. Subject to Section 3(c), the Administrator may amend
the terms of any Award theretofore granted, prospectively or retroactively, but, subject to Section 5 of the Plan and the immediately
preceding sentence, no such amendment shall materially impair the rights of any Participant without his or her consent.

 

Section
13. Unfunded Status of Plan.

 

The
Plan is intended to constitute an “unfunded” plan for incentive compensation. With respect to any payments not yet made to
a Participant by the Company, nothing contained herein shall give any such Participant any rights that are greater than those of a general
creditor of the Company.

 

Section
14. Withholding Taxes.

 

Each
Participant shall, no later than the date as of which the value of an Award first becomes includible in the gross income of such Participant
for purposes of applicable taxes, pay to the Company, or make arrangements satisfactory to the Administrator regarding payment of an
amount up to the maximum statutory tax rates in the Participant’s applicable jurisdiction with respect to the Award, as determined
by the Company. The obligations of the Company under the Plan shall be conditional on the making of such payments or arrangements, and
the Company shall, to the extent permitted by Applicable Laws, have the right to deduct any such taxes from any payment of any kind otherwise
due to such Participant. Whenever cash is to be paid pursuant to an Award, the Company shall have the right to deduct therefrom an amount
sufficient to satisfy any applicable withholding tax requirements related thereto. Whenever Shares or property other than cash are to
be delivered pursuant to an Award, the Company shall have the right to require the Participant to remit to the Company in cash an amount
sufficient to satisfy any related taxes to be withheld and applied to the tax obligations; provided, that, with the approval
of the Administrator, a Participant may satisfy the foregoing requirement by either (i) electing to have the Company withhold from
delivery of Shares or other property, as applicable, or (ii) delivering already owned unrestricted shares of Common Stock, in each
case, having a value not exceeding the applicable taxes to be withheld and applied to the tax obligations. Such already owned and unrestricted
shares of Common Stock shall be valued at their Fair Market Value on the date on which the amount of tax to be withheld is determined
and any fractional share amounts resulting therefrom shall be settled in cash. Such an election may be made with respect to all or any
portion of the Shares to be delivered pursuant to an award. The Company may also use any other method of obtaining the necessary payment
or proceeds, as permitted by Applicable Laws, to satisfy its withholding obligation with respect to any Award.

 

Section
15. Transfer of Awards.

 

Until
such time as the Awards are fully vested and/or exercisable in accordance with the Plan or an Award Agreement, no purported sale, assignment,
mortgage, hypothecation, transfer, charge, pledge, encumbrance, gift, transfer in trust (voting or other) or other disposition of, or
creation of a security interest in or lien on, any Award or any agreement or commitment to do any of the foregoing (each, a “Transfer”)
by any holder thereof in violation of the provisions of the Plan or an Award Agreement will be valid, except with the prior written consent
of the Administrator, which consent may be granted or withheld in the sole discretion of the Administrator. Any purported Transfer of
an Award or any economic benefit or interest therein in violation of the Plan or an Award Agreement shall be null and void ab initio
and shall not create any obligation or liability of the Company, and any Person purportedly acquiring any Award or any economic benefit
or interest therein transferred in violation of the Plan or an Award Agreement shall not be entitled to be recognized as a holder of
such Shares or other property underlying such Award. Unless otherwise determined by the Administrator in accordance with the provisions
of the immediately preceding sentence, an Option or a Stock Appreciation Right may be exercised, during the lifetime of the Participant,
only by the Participant or, during any period during which the Participant is under a legal Disability, by the Participant’s guardian
or legal representative.

 

    -12-

     

    

 

Section
16. Continued Employment or Service.

 

Neither
the adoption of the Plan nor the grant of an Award shall confer upon any Eligible Recipient any right to continued employment or service
with the Company or any Affiliate thereof, as the case may be, nor shall it interfere in any way with the right of the Company or any
Affiliate thereof to terminate the employment or service of any of its Eligible Recipients at any time.

 

Section
17. Effective Date.

 

The
Plan was approved by the Board on [_________], 2021 and shall be adopted and become effective on the date that it is approved by the
Company’s stockholders (the “Effective Date”).

 

Section
18. Electronic Signature.

 

Participant’s
electronic signature of an Award Agreement shall have the same validity and effect as a signature affixed by hand.

 

Section
19. Term of Plan.

 

No
Award shall be granted pursuant to the Plan on or after the tenth anniversary of the Effective Date, but Awards theretofore granted may
extend beyond that date.

 

Section
20. Securities Matters and Regulations.

 

(a) Notwithstanding
anything herein to the contrary, the obligation of the Company to sell or deliver Shares with respect to any Award granted under the
Plan shall be subject to all Applicable Laws, rules and regulations, including all applicable federal and state securities laws, and
the obtaining of all such approvals by governmental agencies as may be deemed necessary or appropriate by the Administrator. The Administrator
may require, as a condition of the issuance and delivery of certificates evidencing shares of Common Stock pursuant to the terms hereof,
that the recipient of such shares make such agreements and representations, and that such certificates bear such legends, as the Administrator,
in its sole discretion, deems necessary or advisable.

 

(b) Each
Award is subject to the requirement that, if at any time the Administrator determines that the listing, registration or qualification
of Shares is required by any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory
body is necessary or desirable as a condition of, or in connection with, the grant of an Award or the issuance of Shares, no such Award
shall be granted or payment made or Shares issued, in whole or in part, unless listing, registration, qualification, consent or approval
has been effected or obtained free of any conditions not acceptable to the Administrator.

 

(c) In
the event that the disposition of Shares acquired pursuant to the Plan is not covered by a then current registration statement under
the Securities Act and is not otherwise exempt from such registration, such Shares shall be restricted against transfer to the extent
required by the Securities Act or regulations thereunder, and the Administrator may require a Participant receiving Common Stock pursuant
to the Plan, as a condition precedent to receipt of such Common Stock, to represent to the Company in writing that the Common Stock acquired
by such Participant is acquired for investment only and not with a view to distribution.

 

    -13-

     

    

 

Section
21. Section 409A of the Code.

 

The
Plan as well as payments and benefits under the Plan are intended to be exempt from, or to the extent subject thereto, to comply with
Section 409A of the Code, and, accordingly, to the maximum extent permitted, the Plan shall be interpreted in accordance therewith.
Notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated taxation and/or tax penalties
under Section 409A of the Code, the Participant shall not be considered to have terminated employment or service with the Company
for purposes of the Plan and no payment shall be due to the Participant under the Plan or any Award until the Participant would be considered
to have incurred a “separation from service” from the Company and its Affiliates within the meaning of Section 409A
of the Code. 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 Law requires otherwise. Notwithstanding anything to the contrary
in the Plan, to the extent that any Awards (or any other amounts payable under any plan, program or arrangement of the Company or any
of its Affiliates) are payable upon a separation from service and such payment would result in the imposition of any individual tax and
penalty interest charges imposed under Section 409A of the Code, the settlement and payment of such awards (or other amounts) shall
instead be made on the first business day after the date that is six (6) months following such separation from service (or death,
if earlier). Each amount to be paid or benefit to be provided under this Plan shall be construed as a separate identified payment for
purposes of Section 409A of the Code. The Company makes no representation that any or all of the payments or benefits described
in this Plan will be exempt from or comply with Section 409A of the Code and makes no undertaking to preclude Section 409A
of the Code from applying to any such payment. The Participant shall be solely responsible for the payment of any taxes and penalties
incurred under Section 409A.

 

Section
22. Notification of Election Under Section 83(b)
of the Code.

 

If
any Participant shall, in connection with the acquisition of shares of Common Stock under the Plan, make the election permitted under
Section 83(b) of the Code, such Participant shall notify the Company of such election within ten (10) days after filing notice
of the election with the Internal Revenue Service.

 

Section
23. No Fractional Shares.

 

No
fractional shares of Common Stock shall be issued or delivered pursuant to the Plan. The Administrator shall determine whether cash,
other Awards, or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares or any rights
thereto shall be forfeited or otherwise eliminated.

 

Section
24. Beneficiary.

 

A
Participant may file with the Administrator a written designation of a beneficiary on such form as may be prescribed by the Administrator
and may, from time to time, amend or revoke such designation. If no designated beneficiary survives the Participant, the executor or
administrator of the Participant’s estate shall be deemed to be the Participant’s beneficiary.

 

Section
25. Paperless Administration.

 

In
the event that the Company establishes, for itself or using the services of a third party, an automated system for the documentation,
granting or exercise of Awards, such as a system using an internet website or interactive voice response, then the paperless documentation,
granting or exercise of Awards by a Participant may be permitted through the use of such an automated system.

 

Section
26. Severability.

 

If
any provision of the Plan is held to be invalid or unenforceable, the other provisions of the Plan shall not be affected but shall be
applied as if the invalid or unenforceable provision had not been included in the Plan.

 

    -14-

     

    

 

Section
27. Clawback.

 

(a) If
the Company is required to prepare a financial restatement due to the material non-compliance of the Company with any financial reporting
requirement, then the Committee may require any Section 16 Officer to repay or forfeit to the Company, and each Section 16
Officer agrees to so repay or forfeit, that part of the Incentive Compensation received by that Section 16 Officer during the three-year
period preceding the publication of the restated financial statement that the Committee determines was in excess of the amount that such
Section 16 Officer would have received had such Incentive Compensation been calculated based on the financial results reported in
the restated financial statement. The Committee may take into account any factors it deems reasonable in determining whether to seek
recoupment of previously paid Incentive Compensation and how much Incentive Compensation to recoup from each Section 16 Officer
(which need not be the same amount or proportion for each Section 16 Officer), including any determination by the Committee that
a Section 16 Officer engaged in fraud, willful misconduct or committed grossly negligent acts or omissions which materially contributed
to the events that led to the financial restatement. The amount and form of the Incentive Compensation to be recouped shall be determined
by the Committee in its sole and absolute discretion, and recoupment of Incentive Compensation may be made, in the Committee’s
sole and absolute discretion, through the cancellation of vested or unvested Awards, cash repayment or both.

 

(b) Notwithstanding
any other provisions in this Plan, any Award which is subject to recovery under any Applicable Laws, 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 Applicable 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).

 

Section
28. Governing Law.

 

The
Plan shall be governed by, and construed in accordance with, the laws of the State of Florida4, without giving effect to principles
of conflicts of law of such state.

 

Section
29. Indemnification.

 

To
the extent allowable pursuant to applicable law, each member of the Board and the Administrator and any officer or other employee to
whom authority to administer any component of the Plan is designated shall be indemnified and held harmless by the Company from any loss,
cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection with or resulting from any claim,
action, suit, or proceeding to which he or she may be a party or in which he or she may be a party or in which he or she may be involved
by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid by him or her in satisfaction
of judgment in such action, suit, or proceeding against him or her; provided, however, that he or she gives the Company an opportunity,
at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing
right of indemnification shall not be exclusive of any other rights of indemnification to which such individuals may be entitled pursuant
to the Company’s Articles of Incorporation or Bylaws, as a matter of law, or otherwise, or any power that the Company may have
to indemnify them or hold them harmless.

 

Section
30. Titles and Headings, References to Sections
of the Code or Exchange Act.

 

The
titles and headings of the sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of
the Plan, rather than such titles or headings, shall control. References to sections of the Code or the Exchange Act shall include any
amendment or successor thereto.

 

Section
31. Successors.

 

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 substantially all
of the assets and business of the Company.

 

Section
32. Relationship to other Benefits.

 

No
payment pursuant to the Plan shall be taken into account in determining any benefits under any pension, retirement, savings, profit sharing,
group insurance, welfare, or other benefit plan of the Company or any Affiliate except to the extent otherwise expressly provided in
writing in such other plan or an agreement thereunder.

 

 

4

 

 

-15-Exhibit
10.7

 

Letter
Employment Agreement

 

This
Letter Employment Agreement (this “Agreement”) dated May 25, 2021 (the “Effective Date”), is among
Optimus Healthcare Services, Inc., a Florida corporation, with its principal place of business at 801 S. Federal Highway, Fort Lauderdale,
FL 33335 (“Company”), and Marc Wiener, an individual who resides at 6 Applegreen Drive, Old Westbury NY 11568 (“Executive”
).

 

		1.	Employment
                                            as Chief Executive Officer

 

		A.	Company
                                            hereby employs Executive, and Executive hereby accepts the employment by Company as Chief
                                            Executive Officer (“CEO”) of the Company, upon the terms and conditions set forth
                                            in this Agreement, from the Effective Date until Executive’s employment hereunder terminates
                                            in accordance with this Agreement (such period, the “Employment Term”).

 

		B.	Employee
                                            will report to the Board of Directors (“BOD”) of Company.

 

		C.	Duty
                                            of Loyalty. During the Employment Term, Executive shall not, without the prior written
                                            consent of the BOD, accept other employment or render or perform other services for compensation.
                                            Executive shall devote Executive’s time and attention and Executive’s best efforts
                                            to the faithful performance of Executive’s duties as CEO of Company. Executive’s
                                            expenditure of reasonable amounts of time for teaching, personal business, or on behalf of
                                            charitable or professional organizations shall not be deemed a breach of this Agreement,
                                            provided such activities do not materially interfere with the performance of Executive’s
                                            duties and responsibilities hereunder.

 

		D.	Place
                                            of Performance. Executive’s principal place of employment during the Employment
                                            Term will be at Executive’s discretion. Notwithstanding the foregoing, Executive understands
                                            and agrees that Executive’s presence may be required at other Company worksites, or
                                            Executive may be required to travel for business, in each case, in accordance with Executive’s
                                            duties and responsibilities under this Agreement, as business needs require or may change
                                            over time and as reasonably requested by the BOD.

 

		E.	Executive
                                            represents that he is not a party to any binding relationship or contract, which would be
                                            an impediment to entering into this Agreement, and that he is permitted to enter into this
                                            Agreement and perform the obligations under this Agreement.

 

		2.	Duties.

 

Executive
shall perform such duties and services and shall be allocated such resources, consistent with Executive’s position, as may be assigned
to him from time to time by the BOD. In furtherance of the foregoing, Executive hereby agrees to perform well and faithfully such duties
and responsibilities.

 

In
his role as CEO of Company, Executive’s duties include, but shall not be limited to, the following:

 

		-	manage
                                            and oversee the daily operations of Optimus

 

		-	act
                                            as CEO of the Clinical Research Alliance asset

 

		-	support
                                            the portfolio companies management when and where needed

 

		-	assist
                                            in identifying targets to acquire and coordinate the due diligence efforts

 

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The
duties set forth above are subject to modification from time to time as determined by the BOD. The Company is an “at will”
employer and may terminate Executive’s employment for any reason, at any time, with or without cause. Termination shall not affect
Executive’s ownership of any shares of Company’s stock previously vested or options in respect of stock previously vested.

 

		3.	COMPENSATION
AND BENEFITS. In consideration of the services to be rendered by Executive as CEO of Company, Company shall pay to Executive
the following compensation, which shall be the entire and exclusive compensation for all of Executive’s services rendered to Company
and other obligations taken on Company’s behalf:

 

		A.	Annual
                                            Base Salary. During the Employment Term, Company shall pay to Executive an annualized
                                            base salary of $180,000 (the “Base Salary”). For calendar years in which
                                            Executive is employed for less than the full year, the Base Salary shall be prorated and
                                            accrue on a per diem basis for only those days on which Executive was employed during the
                                            Employment Term. The Base Salary will be paid by Company in equal installments according
                                            to Company’s customary payroll practices, but in any event not less frequently than
                                            monthly, and shall be subject to all mandatory and voluntary payroll deductions. Executive’s
                                            Base Salary shall be reviewed periodically by the Company Board or the Compensation Committee
                                            of Company Board (the “Compensation Committee”) if so designated and may
                                            be appropriately increased from time to time in the sole discretion of the Company, Board
                                            or the Compensation Committee, as applicable.

 

		C.	Incentive
                                            Compensation. During the Employment Term, Executive shall be entitled to participate
                                            in all short-term and long-term incentive programs established by Company, at such levels
                                            as the Board or Compensation Committee determines. Executive’s annual short-term incentive
                                            opportunity target shall be no less
than 50% of the Base Salary, established at the beginning of each calendar year following discussions between the Company and Board and
the CEO as such percentage may be increased from time to time (the “Target Annual Bonus”). The actual amount of such
annual incentive compensation shall be determined in accordance with the applicable plans based on achievement of individual and Company
performance objectives established in advance by the Company, Board or the Compensation Committee and such actual annual short term incentive
compensation amount may be more or less than the target amount. No minimum incentive is guaranteed. Executive must be employed by Company
at the time that the Target Annual Bonus is paid to be entitled to receive it, except as otherwise set forth herein.

 

		D.	Equity
                                            Compensation. Upon the terms and conditions set forth in the following subsection,
                                            and subject to the approval of the Company’s Board, on or after the Effective Date,
                                            the Company shall grant to Executive options to purchase 2 million shares of Company’s
                                            common stock (the “Options”) pursuant to and in accordance with the terms
                                            and conditions of Company’s yet to be established equity incentive plan or a successor
                                            plan (the “Plan”) and Company’s form of stock option agreement.
                                            The Options shall vest in equal shares over a four-year period commencing from the Effective
                                            Date, with 25% of the Options vesting on the one-year anniversary of the Effective Date,
                                            and then the remainder of unvested options vesting on an annual basis thereafter until such
                                            time that all the Options are fully vested and exercisable, provided, that the Options,
                                            and each other outstanding equity award granted to Executive, shall accelerate so as to be
                                            fully vested and immediately exercisable immediately prior to any Change in Control (as defined
                                            in the Plan) of Company.

 

		E.	Retirement,
                                            Welfare and Other Benefit Plans and Programs. During the Employment Term, Executive
                                            shall be entitled to participate in the employee retirement and welfare benefit plans and
                                            programs made available to Company’s other senior level executives as a group, as such
                                            retirement and welfare plans may be in effect from time to time and subject to the eligibility
                                            requirements of such plans, including but not limited to, life, health and disability plans,
                                            and a 401(k) retirement plan and similar or other plans. During the Employment Term, Executive
                                            shall be eligible for vacation, sick leave and holidays in accordance with Company’s
                                            vacation, sick and holiday and other pay for time not worked policies. Nothing in this Agreement
                                            or otherwise shall prevent Company or any of its affiliates from amending or terminating
                                            after the Effective Date any retirement, welfare or other employee benefit plans, programs,
                                            policies or perquisites from time to time as Company or its affiliates deem appropriate,
                                            and Executive’s participation in any such plan, program, policy and perquisite shall
                                            be subject to the terms, provisions, rules and regulations thereof.

 

    -2-

     

    

 

		F.	Reimbursement
                                            of Expenses. During the Employment Term, Company shall reimburse Executive for all
                                            reasonable and necessary business expenses that Executive incurs while performing Executive’s
                                            duties under this Agreement in accordance
with Company’s general policies of expense reimbursement in effect from time to time.

 

		4.	TERMINATION.

 

		A.	Notice
                                            of Termination and Date of Termination. Each party must give written notice to the
                                            other of the intent to terminate this Agreement and Executive’s employment hereunder
                                            (“Notice of Termination”). The Notice of Termination must specify a date
                                            of termination of employment, which shall incorporate any period of notice required by this
                                            Section. (“Date of Termination”). Executive may terminate Executive’s
                                            employment at any time by giving Company a Notice of Termination in accordance with the notice
                                            period specified under this Section that is applicable to the circumstances of such termination,
                                            and Company may terminate Executive’s employment at any time by giving Executive a
                                            Notice of Termination in accordance with the notice period specified under this Section that
                                            is applicable to the circumstances of such termination.

 

		B.	Executive’s
                                            Death or Total Disability. Executive’s employment under this Agreement shall
                                            terminate upon the date of Executive’s death. Additionally, if, during the Employment
                                            Term, Executive suffers a Total Disability (as defined below), then Company may terminate
                                            Executive’s employment under this Agreement by giving Executive a Notice of Termination
                                            specifying the Date of Termination, which may be a date selected by Company in its discretion.
                                            Upon such termination due to death or Total Disability, Company shall pay to Executive or
                                            Executive’s estate (i) any Base Salary that has fully accrued but not been paid as
                                            of the effective date of such termination, as well as any vested and accrued employment benefits
                                            subject to the terms of any applicable employment benefit arrangements and applicable law
                                            (“Accrued Benefits”), and (ii) a prorated Target Annual Bonus for the
                                            year in which Executive’s death or Disability occurs, which bonus shall be calculated
                                            and paid in the same manner as set forth in Section 3 C. All other rights and benefits
                                            of Executive and Executive’s dependents hereunder shall terminate upon such termination,
                                            except for any right to the continuation of benefits otherwise provided by law.

 

		C.	By
                                            Company with Cause. Company may terminate with Cause (as defined below) Executive’s
                                            employment hereunder at any time. In order to terminate Executive’s employment hereunder
                                            with Cause, Company must give Notice of Termination to Executive specifying the Cause and
                                            the Date of Termination, which may be a date selected by Company in its discretion. Upon
                                            termination with Cause, Company shall pay to Executive all Accrued Benefits. All other rights
                                            and benefits of Executive hereunder (including any Target Annual Bonus) shall terminate upon
                                            such termination, except for any right to the continuation of benefits otherwise provided
                                            by law.

 

		D.	By
                                            Executive without Good Reason or by Mutual Agreement. Executive may terminate Executive’s
                                            employment without Good Reason at any time by giving Company Notice of Termination at least
                                            30 days prior to the Date of Termination designated
by Executive. In addition, this Agreement may be terminated at any time by written mutual agreement of the parties with or without notice.
Upon termination of Executive’s employment by Executive without Good Reason or termination by mutual agreement of the parties,
Company shall pay to Executive all Accrued Benefits. All other rights and benefits of Executive hereunder (including any Target Annual
Bonus) shall terminate upon such termination, except for any right to the continuation of benefits otherwise provided by law.

 

		E.	Without
                                            Cause by Company or For Good Reason by Executive. Company may terminate Executive’s
                                            employment at any time without Cause by giving Executive a Notice of Termination at least
                                            one day prior to the Date of Termination, and Executive may terminate Executive’s employment
                                            for Good Reason by giving Company a Notice of Termination in accordance with this Section..
                                            Upon termination of Executive’s employment without Cause by Company or for Good Reason
                                            by Executive, Company will pay Executive (i) all Accrued Benefits and (ii) the
                                            severance compensation payable under Section 4(E)(l), to the extent applicable.
                                            All other rights and benefits of Executive hereunder shall terminate upon such termination,
                                            except for any right to the continuation of benefits otherwise provided by law.

 

    -3-

     

    

 

		(1)	In
                                            the event that Company terminates Executive’s employment without Cause or Executive
                                            terminates his employment for Good Reason, and contingent upon Executive’s execution
                                            (without subsequent revocation) of a customary release of claims reasonably acceptable to
                                            Executive and Company, then Company shall pay to Executive, as severance compensation, the
                                            following:

 

		(a)	Executive’s
                                            Base Salary (at the rate payable at the time of such termination) for a period of twelve
                                            (12) months following the Date of Termination. Such severance compensation shall be paid
                                            by Company in equal installments according to Company’s customary payroll practices,
                                            with the first payment made on the first regularly scheduled pay day immediately following
                                            the effective date of termination, but in any event payments shall be made not less frequently
                                            than monthly; provided, however, that (a) Company shall pay such severance in a lump sum
                                            on the first regularly scheduled pay day immediately following the effective date of termination
                                            if such termination of employment occurs upon or within one year following a sale of the
                                            Company, and such sale constitutes a “change in control event” as defined under
                                            Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”),
                                            to the extent required to comply with Section 409A of the Code; and (b) notwithstanding the
                                            preceding clause (a), if such sale is not a “change in control event” as defined
                                            under Section 409A of the Code and penalty taxes may result under Section 409A if such severance
                                            compensation is paid in a lump sum, then the severance compensation will be paid in equal
                                            installments according to Company’s
customary payroll practices, with the first payment made on the first regularly scheduled pay day immediately following the effective
date of termination, but in any event payments shall be made not less frequently than monthly.

 

		(b)	To
                                            the extent Executive has an annual incentive compensation award for the year of termination
                                            in which the Date of Termination occurs, Executive shall receive a pro rata Target Annual
                                            Bonus award payment for the year in which the Date of Termination occurs (measured at the
                                            target level, identified “goal” target or other similar target, without taking
                                            into account any incentive override for above goal performance, or any project-specific or
                                            other non-standard incentives), which shall be paid on the first regularly scheduled pay
                                            day immediately following the Date of Termination. The pro rata amount shall be determined
                                            as the Target Annual Bonus in effect for the year in which the Date of Termination occurs,
                                            multiplied by a fraction, the numerator of which is the number of days in which Executive
                                            was employed by Company during the year in which the Date of Termination occurs, including
                                            the Date of Termination, and the denominator of which is 365.

 

		(c)	During
                                            the 12 month period following the Date of Termination, if Executive timely elects continued
                                            coverage under Section 4980B of the Code (“COBRA”), Company will reimburse
                                            Executive for the monthly COBRA cost of continued health coverage under the health plans
                                            of Company, should Company sponsor and pay for, or reimburse for individual health plan expenses,
                                            a health plan for its employees, paid by Executive for Executive, and, if applicable, Executive’s
                                            spouse and dependents, less the amount that Executive would be required to contribute for
                                            health coverage if Executive were an active employee of Company; provided that such reimbursements
                                            shall not continue beyond the first to occur of (x) the date on which Executive fails to
                                            pay the COBRA cost of continuation coverage under the health plans of Company and (y) the
                                            date on which Executive is eligible for substantially similar coverage from a subsequent
                                            employer. These reimbursements will commence on the first regularly scheduled pay day immediately
                                            following the Date of Termination and will be paid on the first regularly scheduled pay day
                                            of each month, provided that Executive demonstrates proof of payment of the applicable premiums
                                            prior to the applicable reimbursement payment date.

 

		(d)	The
                                            vesting of each outstanding equity award granted to Executive will accelerate so that such
                                            awards will be fully vested as of the Date of Termination. If any equity awards vest based
                                            on the attainment of performance goals, the performance goals will be deemed to have met
as of the Date of Termination, unless such greater amount of vesting is provided for in the applicable award agreements.

 

    -4-

     

    

 

		(e)	Payment
                                            of the severance compensation shall be subject to all mandatory and voluntary payroll deductions.
                                            In the event that Executive materially breaches any of his post-employment covenants or obligations
                                            set forth in this Agreement and fails to cure such breach within fifteen (15) calendar days
                                            following receipt from Company of notice to cure such breach, then the payment of severance
                                            compensation pursuant to this section shall terminate immediately and permanently. During
                                            the period that Executive is paid the foregoing severance compensation, Executive shall not
                                            further accrue any other benefits under any benefit plans of which Executive was a participant
                                            while employed by Company, except as otherwise required by applicable federal or state law,
                                            by the express terms of this Agreement, or by the express terms of such benefit plans.

 

		F.	For
                                            purposes of this Agreement:

 

		(1)	Executive’s
                                            employment will be deemed to have been terminated by Company “with Cause”
                                            if the termination arises from or relates to a determination by the Board that (a) Executive
                                            performed an act or acts of willful and material malfeasance or misconduct with respect to
                                            the performance of Executive’s duties and responsibilities as an employee and executive
                                            officer of Company or Parent or under this Agreement that results in material harm to Company,
                                            Parent or their respective affiliates that remains uncorrected for fifteen (15) days after
                                            receipt of written notice by Company to Executive; or (b) except as otherwise permitted under
                                            Section l(C), Executive’s continued failure to devote his full business time
                                            and attention and his best efforts to the faithful performance of his material duties and
                                            responsibilities (other than a failure resulting from Executive becoming disabled) that remains
                                            uncorrected for fifteen (15) days after receipt of written notice by Company or Parent to
                                            Executive; or (c) Executive’s material breach of any material provision of this Agreement
                                            that remains uncorrected for fifteen (15) days after receipt of written notice by Company
                                            or Parent to Executive; or (d) Executive commits an act of fraud, embezzlement, misappropriation,
                                            or personal dishonesty against Company, Parent or their respective affiliates (which, if
                                            proven, would constitute a felony); or (e) the conviction, or plea of nolo contendere,
                                            of Executive to a crime constituting a felony.

 

		(2)	Executive’s
                                            employment shall be deemed to have been terminated by Company “without Cause”
                                            if such termination does not arise from or relate to any of acts or omissions constituting
                                            “Cause” as set forth in clauses (a) through (e) of the immediately preceding
                                            subsection, and such termination is not the result of Executive’s death or Executive
                                            suffering a Total Disability.

 

		(3)	Executive
                                            shall be deemed to have suffered a “Total Disability” if (a) Executive
                                            is granted long-term disability benefits or (b) Executive becomes physically or mentally
                                            disabled so that Executive is unable to perform the essential functions of Executive’s
                                            job, with or without reasonable accommodation in accordance with the Americans with Disabilities
                                            Act and its amendments, for a period of one hundred eighty (180) consecutive days.

 

		(4)	Executive
                                            shall be deemed to have terminated his employment for “Good Reason” if
                                            Executive terminates his employment on account of the occurrence of one or more of the following
                                            without Executive’s consent:

 

		(a)	A
                                            material diminution by Company of Executive’s authority, duties or responsibilities
                                            the duration of which is greater than fifteen (15) days and which is not the result of Executive’
                                            s acts or omissions which constitute “Cause” as set forth in clauses (a) through
                                            (e) of Section 5(F)(1);

 

		(b)	A
                                            material change in the geographic location at which Executive must perform services under
                                            this Agreement (which, for purposes of this Agreement, means the requirement that Executive
                                            work from a location more than fifty (50) miles from the location at which Executive performs
                                            services immediately prior to the relocation);

 

    -5-

     

    

 

		(c)	A
                                            material diminution in Executive’s Base Salary which is not the result of Executive’s
                                            acts or omissions which constitute “Cause”. or

 

		(d)	Any
                                            action or inaction that constitutes a material breach by Company of this Agreement, including
                                            the failure of Company to pay any amounts due or the failure of Company to obtain from its
                                            successors the express assumption and agreement required under this Agreement.

 

Executive
must provide Notice of Termination for Good Reason to Company (describing the alleged event constituting Good Reason) within sixty (60)
days after the event constituting Good Reason. Company shall have a period of thirty (30) days in which it may correct the act or failure
to act that constitutes the grounds for Good Reason as set forth in Executive’s Notice of Termination. If Company does not correct
the act or failure to act, then, in order for the termination to be considered a Good Reason termination, Executive must terminate his
or her employment for Good Reason on the Date of Termination specified in such Notice of Termination, which shall be at least thirty
(30) days, but not more than sixty (60) days, after the end of such cure period.

 

		G.	Circumstances
                                            When No Severance Compensation Will Be Paid. In the event Company terminates Executive’s
                                            employment with Cause, Executive voluntarily terminates his employment with Company other
                                            than for Good Reason, or such employment is terminated by mutual agreement or as the result
                                            of Executive’s death or Total Disability, Executive shall not be entitled to payment
                                            of any severance compensation under this Agreement.

 

		H.	Cooperation
                                            after Notice of Termination. Following any Notice of Termination by either Company
                                            or Executive, Executive, if requested by Company or Parent, shall reasonably cooperate with
                                            Company, Parent and their respective affiliates in all matters relating to the winding up
                                            of Executive’s pending work on behalf of Company or Parent and the orderly transfer
                                            of any such pending work to other employees of Company, Parent or their respective affiliates
                                            as may be reasonably designated by Company or Parent following the Notice of Termination.
                                            Executive shall not receive any additional compensation during the Employment Term, other
                                            than Executive’s Base Salary, for any services that Executive renders as provided in
                                            this Agreement, provided that, if Executive is not receiving any severance compensation pursuant
                                            to this Agreement, for each day that Executive performs services under this Agreement after
                                            the Employment Term, Executive shall be reimbursed for his reasonable out-of-pocket expenses
                                            and Company shall pay Executive a per diem cash amount equal to 130% of Executive’s
                                            Base Salary rate on the Date of Termination.

 

		5.	Other
                                            provisions.

 

		A.	Surrender
                                            of Records and Property. Upon termination of employment, Executive shall promptly
                                            turn-over or deliver to Company at Company’s expense all property of Company, Parent
                                            or their respective affiliates in Executive’s possession, custody, or control, including
                                            without limitation thereto: records (paper and electronic), files (paper and electronic),
                                            documents (paper and electronic), electronic mail (e-mail) on accounts, letters, financial
                                            information, memorandum, notes, notebooks, contracts, project manuals, specifications, reports,
                                            data, tables, calculations, data, electronic information, and computer disks of Company,
                                            Parent or their respective affiliates, in all cases whether or not such property constitutes
                                            Confidential Information (as defined below), and all copies thereof; all keys to motor vehicles
                                            , offices or other property of Company, Parent or their respective affiliates; and all computers,
                                            cellular phones and other property of Company, Parent or their respective affiliates. If
                                            any of the foregoing property of Company, Parent or their respective affiliates is electronically
                                            stored on a computer or other storage medium owned by Executive or a friend, family member
                                            or agent of Executive, such information shall be copied onto a computer disk to be delivered
                                            to Company together with a written statement of Executive that the information has been deleted
                                            from such person’s computer or other storage medium.

 

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		B.	Intellectual
                                            Property.

 

		(1)	Work
                                            Product. During the Employment Term, Executive will be expected to perform duties which
                                            may lead to and include the discovery, creation, development, or expression of inventions,
                                            discoveries, developments, modifications , procedures, ideas, innovations, systems, programs,
                                            know-how, literary properties, chemical or biological data, computer software, improvements,
                                            processes, methods, formulas, systems, creative works and techniques (collectively, hereinafter
                                            “Work Product”).

 

		(2)	Assignment.
                                            Executive hereby assigns and transfers to Company, and agrees that Company shall be the sole
                                            owner of, all Work Product conceived, developed or made by Executive (alone or with others),
                                            whether during working hours or at any other time, in whole or in part during Executive’s
                                            employment with Company (including prior to, during and after the Employment Term), whether
                                            at the request or upon the suggestion of Company, Parent or their respective affiliates or
                                            otherwise, which are useful in, or directly or indirectly related to the business or any
                                            contemplated business of Company, Parent or their affiliates or which relate to, or are conceived,
                                            developed, or made in the course of, Executive’s employment or which are developed
                                            or made from, or by reason of knowledge gained from, such employment.

 

		(3)	Work
                                            for Hire. Executive hereby agrees that all work or other material containing or reflecting
                                            any Work Product shall be deemed a work made for hire under the U.S. Copyright Act. To the
                                            extent any such Work Product is determined that it is not a work made for hire, Executive
                                            hereby assigns to Company all of Executive’s right, title and interest, including all
                                            rights of copyright, patent, trade secret and other intellectual property rights, in, to
                                            and under the Work Product.

 

		(4)	Continuing
                                            Obligations. Executive agrees to disclose promptly all Work Product conceived or made
                                            by Executive (alone or with others) to which Company is entitled to as provided herein, and
                                            agrees not to disclose such Work Product to others except as required by law or as is reasonably
                                            necessary or appropriate in connection with the performance of Executive’s duties as
                                            an employee and officer of Company or Parent, without the express written consent of Company.
                                            Executive further agrees that during the Employment Term and at any time thereafter, Executive
                                            will, upon request by Company, provide all assistance reasonably required to protect, perfect
                                            and use the Work Product, including execution of proper assignments to Company of any and
                                            all such Work Product to which Company is entitled, execution of all papers and performance
                                            of all other lawful acts which Company may deem necessary or advisable for the preparation,
                                            prosecution, procurement and maintenance of trademarks, copyrights and or patent applications,
                                            and execution of any and all proper documents as shall be required or necessary to vest title
                                            in Company to such Work Product. It is understood that all expenses in connection with such
                                            trademarks, copyrights or patents, and all applications related thereto, shall be borne by
                                            Company; however, Company is under no obligation to protect such Work Product, except at
                                            its own discretion and to such extent as Company shall deem desirable. Executive shall not
                                            receive any additional compensation for any such Work Product.1

 

 

1
SMRH Note to Draft: Deleted language covered in Section 5(H).

 

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		C.	Confidential
                                            Information.

 

		(1)	Confidential
                                            Information. The term “Confidential Information” means all information
                                            related to Company’s or its affiliates’ business, which exists or is developed
                                            at any time while Executive is an employee, officer and/or director of Company or its affiliates
                                            (including prior to, during and after the Employment Term), including without limitation:
                                            (i) strategic and development plans, financial information, equity investors, business
                                            plans, co-developer identities, business relationships, business records, project records,
                                            market reports, information relating to processes and techniques, technology, research, data,
                                            development, trade secrets, know-how, discoveries, ideas, concepts, specifications, diagrams,
                                            inventions, technical and statistical data, designs, drawings, models , flow charts, engineering,
                                            products, invention disclosures, patent applications, chemical and molecular structures,
                                            synthetic pathways, biological data, safety data, clinical data, developmental data, development
                                            route, manufacturing processes, synthetic techniques, analytical data, Work Product, and
                                            any and all other proprietary and sensitive information, disclosed or learned, whether oral,
                                            written, graphic or machine-readable, whether or not marked confidential or proprietary,
                                            whether or not patentable, whether or not copyrightable, including the manner and results
                                            in which any such Confidential Information may be combined with other information or synthesized
                                            or used by Company or its affiliates, which could prove beneficial in enabling a competitor
                                            to compete with Company or its affiliates; or (ii) information customarily known as
                                            a “trade secret”; provided, however, that information is not Confidential Information
                                            if it is (A) in the public domain (other than as a result of a breach by Executive of this
                                            Section 6), (B) approved in writing for release by Company or its affiliates, or (C)
                                            lawfully obtained from a third party who is not known by Executive (after Executive’s
                                            reasonable inquiry) to be bound by a confidentiality obligation.

 

		(2)	Acknowledgements.
                                            Executive acknowledges and agrees that: (1) Executive’s position with Company and Parent
                                            is one of high trust and confidence,
(2) the Confidential Information constitutes a valuable, special and unique asset which Company and its affiliates use to obtain a competitive
advantage over their competitors, (3) Executive’s protection of such Confidential Information against unauthorized use or disclosure
is critically important to Company and its affiliates in maintaining their competitive advantage, (4) all Confidential Information is
the property of Company and/or its affiliates, as applicable, and (5) Executive shall acquire no right, title or interest in, to or under
any such Confidential Information.

 

		D.	Nondisclosure.
                                            Executive promises that, unless legally compelled to do so, Executive will never (before,
                                            during or after the Employment Term): (1) disclose any Confidential Information to any person
                                            or entity other than (i) an officer or director of Company or its affiliates; or (ii) any
                                            other person who is bound by nondisclosure restrictive covenants to Company and to whom disclosure
                                            of such Confidential Information is reasonably necessary or appropriate in connection with
                                            performance by Executive of Executive’ s duties as an employee and officer of Company
                                            or Parent; or (2) use any Confidential Information except to the extent it is reasonably
                                            necessary or appropriate in connection with performance by Executive of Executive’s
                                            duties as an employee and officer of Company or Parent. Executive promises to take all reasonable
                                            precautions to prevent the inadvertent or accidental disclosure or misuse of any Confidential
                                            Information. In the event Executive receives a request to disclose all or any part of the
                                            Confidential Information under the terms of a subpoena or order issued by a court or governmental
                                            body, Executive promises, to the extent permissible by law, to (a) notify Company and Parent
                                            immediately of the existence, terms and circumstances surrounding such request, (b) consult
                                            with Company and its affiliates on the advisability of taking legally available steps to
                                            resist or narrow such request, (c) if disclosure is required, furnish only such portion of
                                            the Confidential Information as Executive is legally compelled to disclose; and (e) exercise
                                            Executive’s best efforts to obtain an order or other reliable assurance that confidential
                                            treatment will be accorded to the disclosed Confidential Information.

 

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		E.	Nonsolicitation
                                            Of Employees. Until one year after the Employment Term ends, Executive shall not,
                                            directly or indirectly, either on Executive’s own account or for any other person or
                                            entity: (a) employ, solicit, induce, advise, or otherwise convince, interfere with Company’s
                                            or its affiliates’ employment of, or offer employment to, any employee of Company or
                                            its affiliates; (b) employ or otherwise interfere with Company’s or its affiliates’
                                            engagement with, or offer employment to, any consultant of Company or its affiliates; or
                                            (c) induce or attempt to induce any such employee or consultant to breach their employment
                                            agreement or relationship or consulting agreement or relationship with Company or its affiliates;
                                            provided, however, that Executive shall not be in breach of this provision if any such employee
                                            or consultant, without inducement or solicitation by Executive, applies for employment at
                                            Executive’s subsequent employer in response to a general advertisement soliciting employment.

 

		F.	Notices.
                                            All notices required or permitted under this Agreement shall be in writing and shall
                                            be deemed effective upon delivery personally, by email with proof of receipt or by overnight
                                            mail with proof of receipt, or upon deposit in the United States Post Office, by registered
                                            or certified mail, postage prepaid, addressed to the other party at the address shown above
                                            (or in the case of email at the address for the recipient party in the sending party’s
                                            books and records), or at such other address or addresses as either party shall designate
                                            to the other parties in accordance with this Agreement.

 

		G.	Entire
                                            Agreement. This Agreement constitutes the entire agreement between the parties and
                                            supersedes all prior agreements and understandings, whether written or oral, relating to
                                            the subject matter of this Agreement.

 

		H.	Amendment.
                                            This Agreement may be amended or modified only by a written instrument executed by Company
                                            and Executive.

 

		I.	Governing
                                            Law. This Agreement shall be construed, interpreted and enforced in accordance with
                                            the laws of the State of New York, without regard to its conflict of laws principles.

 

		J.	Successors
                                            and Assigns. This Agreement shall be binding upon and inure to the benefit of both
                                            parties and their respective successors and assigns, including any corporation with which
                                            or into which Company may be merged or which may succeed to the assets or business of Company
                                            as applicable, provided, however, that the obligations of Executive are personal and shall
                                            not be assigned by him.

 

		K.	Arbitration.
                                            The parties agree that any controversy, claim, or dispute arising out of or relating
                                            to this Agreement, or the breach thereof, or arising out of or relating to the employment
                                            of Executive, or the termination thereof, including any claims under federal, state, or local
                                            law, shall be resolved by arbitration in Nassau County, New York in accordance with the Employment
                                            Dispute Resolution Rules of the American Arbitration Association. The parties agree that
                                            any award rendered by the arbitrator shall be final and binding, and that judgment upon the
                                            award may be entered in any court having jurisdiction thereof.

 

		L.	Severability.
                                            If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction,
                                            such invalidity, illegality or unenforceability shall not affect any other term or provision
                                            of this Agreement or invalidate or render unenforceable such term or provision in any other
                                            jurisdiction. Upon such determination that any term or other provision is invalid, illegal
                                            or unenforceable, the parties shall negotiate in good faith to modify this Agreement so as
                                            to effect the original intent of the parties as closely as possible in a mutually acceptable
                                            manner in order that the arrangements contemplated hereunder be maintained as originally
                                            contemplated to the greatest extent possible.

 

[SIGNATURE
pAGE FOLLOWS]

 

    -9-

     

    

 

Please
confirm that the terms described herein are in accordance with your understanding by signing this document. We are pleased to work with
you and look forward to a successful outcome.

 

	Agreed
    and Confirmed:	 	Very
    truly yours,

    

	 	 	 

Marc
Wiener

	 	 	 
	 	 	Optimus
    Healthcare Services, Inc.
	 	 	 
	 	 	 
	 	 	Name: 	Cliff
  Saffron
	 	 	Title:	General
  Counsel

 

[Signature
Page to Letter Employment Agreement]

 

 

-10-

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