Document:

Exhibit 4.1

ADVANTAGE SOLUTIONS INC. 2020 INCENTIVE AWARD
PLAN

 

 

 

    	 	 	 

     

    

ADVANTAGE SOLUTIONS INC. 

2020 INCENTIVE AWARD PLAN 

ARTICLE 1. 

PURPOSE 

The purpose of the Advantage Solutions Inc. 2020 Incentive
Award Plan (as it may be amended or restated from time to time, the “Plan”) is to promote the success and enhance
the value of Advantage Solutions Inc. (the “Company”) by linking the individual interests of the members of
the Board, Employees, and Consultants to those of Company stockholders and by providing such individuals with an incentive for
outstanding performance to generate superior returns to Company stockholders. The Plan is further intended to provide flexibility
to the Company in its ability to motivate, attract, and retain the services of members of the Board, Employees, and Consultants
upon whose judgment, interest, and special effort the successful conduct of the Company’s operation is largely dependent.

ARTICLE 2. 

DEFINITIONS AND CONSTRUCTION 

Wherever the following terms are used in the Plan they shall
have the meanings specified below, unless the context clearly indicates otherwise. The singular pronoun shall include the plural
where the context so indicates.

2.1 “Administrator” shall mean the entity
that conducts the general administration of the Plan as provided in Article 11. With reference to the duties of the Committee under
the Plan which have been delegated to one or more persons pursuant to Section 11.6, or as to which the Board has assumed, the term
“Administrator” shall refer to such person(s) unless the Committee or the Board has revoked such delegation or the
Board has terminated the assumption of such duties.

2.2 “Applicable Accounting Standards”
shall mean Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other
accounting principles or standards as may apply to the Company’s financial statements under United States federal securities
laws from time to time.

2.3 “Applicable Law” shall mean any applicable
law, including without limitation: (a) provisions of the Code, the Securities Act, the Exchange Act and any rules or regulations
thereunder; (b) corporate, securities, tax or other laws, statutes, rules, requirements or regulations, whether federal, state,
local or foreign; and (c) rules of any securities exchange or automated quotation system on which the Shares are listed, quoted
or traded.

2.5 “Award” shall mean an Option, a Stock
Appreciation Right, a Restricted Stock award, a Restricted Stock Unit award, an Other Stock or Cash Based Award or a Dividend Equivalent
award, which may be awarded or granted under the Plan.

2.6 “Award Agreement” shall mean any written
notice, agreement, terms and conditions, 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.

2.8 “Board” shall mean the Board of Directors
of the Company.

    	 	 	 

     

    

2.9 “Change in Control” shall mean and
includes each of the following:

(a) A transaction or series of related transactions (other
than an offering of Common Stock to the general public through a registration statement filed with the Securities and Exchange
Commission or independent sales by an Investor(s)), whereby any “person” or related “group” of “persons”
(as such terms are used in Sections 13(d) and 14(d)(2) of the Exchange Act) other than Investors or any of their respective affiliates
(other than any limited partner thereof, excluding the Investors) (any such “person” or “group” a “Non-Affiliate”)
directly or indirectly acquires beneficial ownership (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) of securities
of the Company possessing more than 50% of the total combined voting power of the Company’s securities outstanding immediately
after such acquisition; provided, however, that the following acquisitions shall not constitute a Change in Control:
(i) any acquisition by the Company or any of its Subsidiaries; (ii) any acquisition by an employee benefit plan maintained by the
Company or any of its Subsidiaries, (iii) any acquisition which complies with Sections 2.9(c)(i), 2.9(c)(ii) or 2.9(c)(iii); or
(iv) in respect of an Award held by a particular Holder, any acquisition by the Holder or any group of persons including the Holder
(or any entity controlled by the Holder or any group of persons including the Holder).

(b) The Incumbent Directors cease for any reason to constitute
a majority of the Board; provided, however, removal of a member of the Board in accordance with Section 2.1 of the
Stockholders Agreement shall be ignored and such member of the Board shall not be counted as an Incumbent Director before and after
such decrease when determining Incumbent Directors;

(c) The consummation by the Company (whether directly involving
the Company or indirectly involving the Company through one or more intermediaries) of (x) a merger, consolidation, reorganization,
or business combination, (y) a sale or other disposition of all or substantially all of the Company’s assets in any single
transaction or series of related transactions or (z) the acquisition of assets or stock of another entity, in each case other than
a transaction:

(i) which results in the Company’s voting securities
outstanding immediately before the transaction continuing to represent (either by remaining outstanding or by being converted into
voting securities of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company
or owns, directly or indirectly, all or substantially all of the Company’s assets or otherwise succeeds to the business of
the Company (the Company or such person, the “Successor Entity”)) directly or indirectly, at least a majority
of the combined voting power of the Successor Entity’s outstanding voting securities immediately after the transaction, and

(ii) after which no person or group beneficially owns voting
securities representing 50% or more of the combined voting power of the Successor Entity; provided, however,
that no person or group shall be treated for purposes of this Section 2.9(c)(ii) as beneficially owning 50% or more of the combined
voting power of the Successor Entity solely as a result of the voting power held in the Company prior to the consummation of the
transaction; and

(iii) after which at least a majority of the members of the
board of directors (or the analogous governing body) of the Successor Entity were Board members at the time of the Board’s
approval of the execution of the initial agreement providing for such transaction; or

(d) The date which is 10 business days prior to the completion
of a liquidation or dissolution of the Company.

Notwithstanding the foregoing, if a Change in Control constitutes
a payment event with respect to any Award (or any portion of an Award) that provides for the deferral of compensation that is subject
to Section 409A, to the extent required to avoid the imposition of additional taxes under Section 409A, the transaction or event
described in subsection (a), (b), (c) or (d) with respect to such Award (or portion thereof) shall only constitute a Change in
Control for purposes of the payment timing of such Award if such transaction also constitutes a “change in control event,”
as defined in Treasury Regulation Section 1.409A-3(i)(5).

The Administrator shall have full and final authority, which
shall be exercised in its sole discretion, to determine conclusively whether a Change in Control has occurred pursuant to the
above definition, the date of the occurrence of such Change in Control and any incidental matters relating thereto; provided that
any exercise of authority in conjunction with a determination of whether a Change in Control is a “change in control event”
as defined in Treasury Regulation Section 1.409A-3(i)(5) shall be consistent with such regulation.

    	 	 	 

     

    

2.10 “Code” shall mean the Internal Revenue
Code of 1986, as amended from time to time, together with the regulations and official guidance promulgated thereunder, whether
issued prior or subsequent to the grant of any Award.

2.11 “Committee” shall mean the Compensation
Committee of the Board, or another committee or subcommittee of the Board or the Compensation Committee of the Board described
in Article 11 hereof.

2.12 “Common Stock” shall mean the common
stock of the Company, par value $0.01 per share.

2.13 “Company” shall have the meaning
set forth in Article 1.

2.14 “Consultant” shall mean any consultant
or adviser engaged to provide services to the Company or any Subsidiary who qualifies as a consultant or advisor under the applicable
rules of the Securities and Exchange Commission for registration of shares on a Form S-8 Registration Statement.

2.15 “Director” shall mean a member of
the Board, as constituted from time to time.

2.16 “Director Limit” shall have the meaning
set forth in Section 4.6.

2.17 “Dividend Equivalent” shall mean
a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded under Section 9.2.

2.18 “DRO” shall mean a “domestic
relations order” as defined by the Code or Title I of the Employee Retirement Income Security Act of 1974, as amended from
time to time, or the rules thereunder.

2.19 “Effective Date” shall mean the day
prior to the Public Trading Date.

2.20 “Eligible Individual” shall mean
any person who is an Employee, a Consultant or a Non-Employee Director, as determined by the Administrator.

2.21 “Employee” shall mean any officer
or other employee (as determined in accordance with Section 3401(c) of the Code and the Treasury Regulations thereunder) of the
Company or of any Subsidiary.

2.22 “Equity Restructuring” shall mean
a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering
or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities
of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common
Stock underlying outstanding Awards.

2.23 “Exchange Act” shall mean the Securities
Exchange Act of 1934, as amended from time to time.

2.24 “Expiration Date” shall have the
meaning given to such term in Section 12.1(c).

2.25 “Fair Market Value” shall mean, as
of any given date, the value of a Share determined as follows:

(a) If the Common Stock is (i) listed on any established
securities exchange (such as the New York Stock Exchange, the NASDAQ Capital Market, the NASDAQ Global Market and the NASDAQ Global
Select Market), (ii) listed on any national market system or (iii) quoted or traded on any automated quotation system, its Fair
Market Value shall be the closing sales price for a Share as quoted on such exchange or system for such date or, if there is no
closing sales price for a Share on the date in question, the closing sales price for a Share on the last preceding date for which
such quotation exists, as reported in The Wall Street Journal or such other source as the Administrator deems reliable;

    	 	 	 

     

    

(b) If the Common Stock is not listed on an established securities
exchange, national market system or automated quotation system, but the Common Stock is regularly quoted by a recognized securities
dealer, its Fair Market Value shall be the mean of the high bid and low asked prices for such date or, if there are no high bid
and low asked prices for a Share on such date, the high bid and low asked prices for a Share on the last preceding date for which
such information exists, as reported in The Wall Street Journal or such other source as the Administrator deems reliable;
or

(c) If the Common Stock is neither listed on an established
securities exchange, national market system or automated quotation system nor regularly quoted by a recognized securities dealer,
its Fair Market Value shall be established by the Administrator in good faith.

Notwithstanding the foregoing, with respect to any Award
granted after the effectiveness of the Company’s registration statement relating to its initial public offering and prior
to the Public Trading Date, the Fair Market Value shall mean the initial public offering price of a Share as set forth in the Company’s
final prospectus relating to its initial public offering filed with the Securities and Exchange Commission.

2.26 “Greater Than 10% Stockholder” shall
mean an individual then owning (within the meaning of Section 424(d) of the Code) more than 10% of the total combined voting power
of all classes of stock of the Company or any subsidiary corporation (as defined in Section 424(f) of the Code) or parent corporation
thereof (as defined in Section 424(e) of the Code).

2.27 “Holder” shall mean a person who
has been granted an Award.

2.28 “Incentive Stock Option” shall mean
an Option that is intended to qualify as an incentive stock option and conforms to the applicable provisions of Section 422 of
the Code.

2.29 “Incumbent Directors’ shall mean
for any period of 12 consecutive months, individuals who, at the beginning of such period, constitute the Board together with any
new Director(s) (other than a Director designated by a person who shall have entered into an agreement with the Company to effect
a transaction described in Section 2.9(a) or 2.9(c)) whose election or nomination for election to the Board was approved by a vote
of at least a majority (either by a specific vote or by approval of the proxy statement of the Company in which such person is
named as a nominee for Director without objection to such nomination) of the Directors then still in office who either were Directors
at the beginning of the 12-month period or whose election or nomination for election was previously so approved. No individual
initially elected or nominated as a director of the Company as a result of an actual or threatened election contest with respect
to Directors or as a result of any other actual or threatened solicitation of proxies by or on behalf of any person other than
the Board shall be an Incumbent Director.

2.30 “Investors” shall mean Karman Topco
L.P., certain funds advised by CVC Adviors (U.S.) Inc. and/or its affiliates, Leonard Green & Partners, L.P., Karman Coinvest
L.P. and Bain Capital.

2.30 “Non-Affiliate” shall have the meaning
set forth in Section 2.9(a).

2.31 “Non-Employee Director” shall mean
a Director who is not an Employee.

2.32 “Non-Employee Director Equity Compensation
Policy” shall have the meaning set forth in Section 4.6.

2.33 “Non-Qualified Stock Option” shall
mean an Option that is not an Incentive Stock Option or which is designated as an Incentive Stock Option but does not meet the
applicable requirements of Section 422 of the Code.

2.34 “Option” shall mean a right to purchase
Shares at a specified exercise price, granted under Article 5. An Option shall be either a Non-Qualified Stock Option or an Incentive
Stock Option; provided, however, that Options granted to Non-Employee Directors and Consultants shall only be Non-Qualified
Stock Options.

2.35 “Option Term” shall have the meaning
set forth in Section 5.4.

    	 	 	 

     

    

2.36 “Organizational Documents” shall
mean, collectively, (a) the Company’s articles of incorporation, certificate of incorporation, bylaws or other similar organizational
documents relating to the creation and governance of the Company, and (b) the Committee’s charter or other similar organizational
documentation relating to the creation and governance of the Committee.

2.37 “Other Stock or Cash Based Award”
shall mean a cash payment, cash bonus award, stock payment, stock bonus award, performance award or incentive award that is paid
in cash, Shares or a combination of both, awarded under Section 9.1, which may include, without limitation, deferred stock, deferred
stock units, performance awards, retainers, committee fees, and meeting-based fees.

2.38 “Permitted Transferee” shall mean,
with respect to a Holder, any “family member” of the Holder, as defined in the General Instructions to Form S-8 Registration
Statement under the Securities Act (or any successor form thereto), or any other transferee specifically approved by the Administrator
after taking into account Applicable Law.

2.39 “Plan” shall have the meaning set
forth in Article 1.

2.40 “Program” shall mean any program
adopted by the Administrator pursuant to the Plan containing the terms and conditions intended to govern a specified type of Award
granted under the Plan and pursuant to which such type of Award may be granted under the Plan.

2.41 “Public Trading Date” shall mean
the first date upon which Common Stock is listed (or approved for listing) upon notice of issuance on any securities exchange or
designated (or approved for designation) upon notice of issuance as a national market security on an interdealer quotation system.

2.42 “Restricted Stock” shall mean Common
Stock awarded under Article 7 that is subject to certain restrictions and may be subject to risk of forfeiture or repurchase.

2.43 “Restricted Stock Units” shall mean
the right to receive Shares awarded under Article 8.

2.44 “SAR Term” shall have the meaning
set forth in Section 5.4.

2.45 “Section 409A” shall mean Section
409A of the Code and the Department of Treasury regulations and other interpretive guidance issued thereunder, including, without
limitation, any such regulations or other guidance that may be issued after the Effective Date.

2.46 “Securities Act” shall mean the Securities
Act of 1933, as amended.

2.47 “Shares” shall mean shares of Common
Stock.

2.48 “Stock Appreciation Right” shall
mean an Award entitling the Holder (or other person entitled to exercise pursuant to the Plan) to exercise all or a specified portion
thereof (to the extent then exercisable pursuant to its terms) and to receive from the Company an amount determined by multiplying
the difference obtained by subtracting the exercise price per share of such Award from the Fair Market Value on the date of exercise
of such Award by the number of Shares with respect to which such Award shall have been exercised, subject to any limitations the
Administrator may impose.

2.49 “Stockholders Agreement” shall mean
that certain Stockholders Agreement dated as of September 7, 2020 by and among Conyers Park II Acquisition Corp, Karman Topco L.P.,
CVC ASM Holdco, L.P., the LGP Stockholders (as defined therein), BC Eagle Holdings, L.P., and Conyers Park II Sponsor LLC.

2.50 “Subsidiary” shall mean any entity
(other than the Company), whether domestic or foreign, in an unbroken chain of entities beginning with the Company if each of the
entities other than the last entity in the unbroken chain beneficially owns, at the time of the determination, securities or interests
representing at least fifty percent (50%) of the total combined voting power of all classes of securities or interests in one of
the other entities in such chain.

    	 	 	 

     

    

2.51 “Substitute Award” shall mean an
Award granted under the Plan in connection with a corporate transaction, such as a merger, combination, consolidation or acquisition
of property or stock, in any case, upon the assumption of, or in substitution for, outstanding equity awards previously granted
by a company or other entity; provided, however, that in no event shall the term “Substitute Award” be
construed to refer to an award made in connection with the cancellation and repricing of an Option or Stock Appreciation Right.

2.52 “Termination of Service” shall mean:

(a) As to a Consultant, the time when the engagement of a
Holder as a Consultant to the Company or a Subsidiary is terminated for any reason, with or without cause, including, without limitation,
by resignation, discharge, death or retirement, but excluding terminations where the Consultant simultaneously commences or remains
in employment or service with the Company or any Subsidiary (including as an Employee or a Non-Employee Director).

(b) As to a Non-Employee Director, the time when a Holder
who is a Non-Employee Director ceases to be a Director for any reason, including, without limitation, a termination by resignation,
failure to be elected, death or retirement, but excluding terminations where the Holder simultaneously commences or remains in
employment or service with the Company or any Subsidiary (including as a Consultant or an Employee).

(c) As to an Employee, the time when the employee-employer
relationship between a Holder and the Company or any Subsidiary is terminated for any reason, including, without limitation, a
termination by resignation, discharge, death, disability or retirement; but excluding terminations where the Holder simultaneously
commences or remains in employment or service with the Company or any Subsidiary (including as a Consultant or Non-Employee Director).

The Administrator, in its sole discretion, shall determine
the effect of all matters and questions relating to any Termination of Service, including, without limitation, whether a Termination
of Service has occurred, whether a Termination of Service resulted from a discharge for cause and all questions of whether particular
leaves of absence constitute a Termination of Service; provided, however, that, with respect to Incentive Stock Options,
unless the Administrator otherwise provides in the terms of any Program, Award Agreement or otherwise, or as otherwise required
by Applicable Law, a leave of absence, change in status from an employee to an independent contractor or other change in the employee-employer
relationship shall constitute a Termination of Service only if, and to the extent that, such leave of absence, change in status
or other change interrupts employment for the purposes of Section 422(a)(2) of the Code and the then-applicable regulations and
revenue rulings under said Section. For purposes of the Plan, a Holder’s employee-employer relationship or consultancy relations
shall be deemed to be terminated in the event that the Subsidiary employing or contracting with such Holder ceases to remain a
Subsidiary following any merger, sale of stock or other corporate transaction or event (including, without limitation, a spin-off).

ARTICLE 3. 

SHARES SUBJECT TO THE PLAN 

3.1 Number of Shares.

(a) Subject to Sections 3.1(b) and 12.2, the aggregate number
of Shares which may be issued or transferred pursuant to Awards (including, without limitation, Incentive Stock Options) under
the Plan is 49,917,647. Any Shares distributed pursuant to an Award may consist, in whole or in part, of authorized and unissued
Common Stock, treasury Common Stock or Common Stock purchased on the open market.

    	 	 	 

     

    

(b) If any Shares subject to an Award are forfeited or expire,
are converted to shares of another entity in connection with a recapitalization, reorganization, merger, consolidation, split-up,
spin-off, combination, exchange of shares or other similar event, or such Award is settled for cash (in whole or in part) (including
Shares repurchased by the Company under Section 7.4 at the same price paid by the Holder), the Shares subject to such Award shall,
to the extent of such forfeiture, expiration, conversion or cash settlement, again be available for future grants of Awards under
the Plan. Notwithstanding anything to the contrary contained herein, the following Shares shall not be added to the Shares authorized
for grant under Section 3.1(a) and shall not be available for future grants of Awards: (i) Shares tendered by a Holder or withheld
by the Company in payment of the exercise price of an Option; (ii) Shares tendered by the Holder or withheld by the Company to
satisfy any tax withholding obligation with respect to an Award; (iii) Shares subject to a Stock Appreciation Right that are not
issued in connection with the stock settlement of the Stock Appreciation Right on exercise thereof; and (iv) Shares purchased on
the open market by the Company with the cash proceeds received from the exercise of Options. The payment of Dividend Equivalents
in cash in conjunction with any outstanding Awards shall not be counted against the Shares available for issuance under the Plan.
Notwithstanding the provisions of this Section 3.1(b), no Shares may again be optioned, granted or awarded if such action would
cause an Incentive Stock Option to fail to qualify as an incentive stock option under Section 422 of the Code.

(c) Substitute Awards shall not reduce the Shares authorized
for grant under the Plan, except as may be required by reason of Section 422 of the Code. Additionally, in the event that a company
acquired by the Company or any Subsidiary or with which the Company or any Subsidiary combines has shares available under a pre-existing
plan approved by its stockholders and not adopted in contemplation of such acquisition or combination, the shares available for
grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other
adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration payable to the
holders of common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall
not reduce the Shares authorized for grant under the Plan; provided that Awards using such available Shares shall not be
made after the date awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination,
and shall only be made to individuals who were not employed by or providing services to the Company or its Subsidiaries immediately
prior to such acquisition or combination.

ARTICLE 4. 

GRANTING OF AWARDS 

4.1 Participation. The Administrator may, from time
to time, select from among all Eligible Individuals, those to whom an Award shall be granted and shall determine the nature and
amount of each Award, which shall not be inconsistent with the requirements of the Plan. Except for any Non-Employee Director’s
right to Awards that may be required pursuant to the Non-Employee Director Equity Compensation Policy as described in Section 4.6,
no Eligible Individual or other Person shall have any right to be granted an Award pursuant to the Plan and neither the Company
nor the Administrator is obligated to treat Eligible Individuals, Holders or any other persons uniformly. Participation by each
Holder in the Plan shall be voluntary and nothing in the Plan or any Program shall be construed as mandating that any Eligible
Individual or other Person shall participate in the Plan.

4.2 Award Agreement. Each Award shall be evidenced
by an Award Agreement that sets forth the terms, conditions and limitations for such Award as determined by the Administrator in
its sole discretion (consistent with the requirements of the Plan and any applicable Program). Award Agreements evidencing Incentive
Stock Options shall contain such terms and conditions as may be necessary to meet the applicable provisions of Section 422 of the
Code.

4.3 Limitations Applicable to Section 16 Persons.
Notwithstanding any other provision of the Plan, the Plan, and any Award granted or awarded to any individual who is then subject
to Section 16 of the Exchange Act, shall be subject to any additional limitations set forth in any applicable exemptive rule under
Section 16 of the Exchange Act (including Rule 16b-3 of the Exchange Act and any amendments thereto) that are requirements for
the application of such exemptive rule. To the extent permitted by Applicable Law, the Plan and Awards granted or awarded hereunder
shall be deemed amended to the extent necessary to conform to such applicable exemptive rule.

4.4 At-Will Service. Nothing in the Plan or in any
Program or Award Agreement hereunder shall confer upon any Holder any right to continue in the employ of, or as a Director or Consultant
for, the Company or any Subsidiary, or shall interfere with or restrict in any way the rights of the Company and any Subsidiary,
which rights are hereby expressly reserved, to discharge any Holder at any time for any reason whatsoever, with or without cause,
and with or without notice, or to terminate or change all other terms and conditions of employment or engagement, except to the
extent expressly provided otherwise in a written agreement between the Holder and the Company or any Subsidiary.

    	 	 	 

     

    

4.5 Foreign Holders. Notwithstanding any provision
of the Plan or applicable Program to the contrary, in order to comply with the laws in countries other than the United States in
which the Company and its Subsidiaries operate or have Employees, Non-Employee Directors or Consultants, or in order to comply
with the requirements of any foreign securities exchange or other Applicable Law, the Administrator, in its sole discretion, shall
have the power and authority to: (a) determine which Subsidiaries shall be covered by the Plan; (b) determine which Eligible Individuals
outside the United States are eligible to participate in the Plan; (c) modify the terms and conditions of any Award granted to
Eligible Individuals outside the United States to comply with Applicable Law (including, without limitation, applicable foreign
laws or listing requirements of any foreign securities exchange); (d) establish subplans and modify exercise procedures and other
terms and procedures, to the extent such actions may be necessary or advisable; provided, however, that no such subplans
and/or modifications shall increase the share limitation contained in Section 3.1, the Award Limit or the Director Limit; and (e)
take any action, before or after an Award is made, that it deems advisable to obtain approval or comply with any necessary local
governmental regulatory exemptions or approvals or listing requirements of any foreign securities exchange.

4.6 Non-Employee Director Awards.

(a) Non-Employee Director Equity Compensation Policy.
The Administrator, in its sole discretion, may provide that Awards granted to Non-Employee Directors shall be granted pursuant
to a written nondiscretionary formula established by the Administrator (the “Non-Employee Director Equity Compensation
Policy”), subject to the limitations of the Plan. The Non-Employee Director Equity Compensation Policy shall set forth
the type of Award(s) to be granted to Non-Employee Directors, the number of Shares to be subject to Non-Employee Director Awards,
the conditions on which such Awards shall be granted, become exercisable and/or payable and expire, and such other terms and conditions
as the Administrator shall determine in its sole discretion. The Non-Employee Director Equity Compensation Policy may be modified
by the Administrator from time to time in its sole discretion.

(b) Director Limit. Notwithstanding any provision
to the contrary in the Plan or in the Non-Employee Director Equity Compensation Policy, the grant date fair value of equity-based
Awards granted to a Non-Employee Director during any calendar year shall not exceed $500,000, increased to $1,000,000 in the fiscal
year of his or her initial service as a Non-Employee Director (the applicable amount, the “Director Limit”).

4.7 Minimum Vesting. Except with respect to a maximum
of five percent (5%) of the number of shares reserved under the Plan pursuant to Section 3.1(a) (subject to any increase or decrease
pursuant to Section 3.1(b)), each Award shall be subject to a minimum vesting period of one (1) year commencing from the grant
date, or respect to Awards that vest upon the attainment of performance goals, a performance period that is at least one (1) year.
For the purposes of clarity, this Section 4.7 shall not prevent the Committee from accelerating any Award in accordance with any
provisions set forth in this Plan.

ARTICLE 5. 

GRANTING OF OPTIONS AND STOCK APPRECIATION
RIGHTS 

5.1 Granting of Options and Stock Appreciation Rights
to Eligible Individuals. The Administrator is authorized to grant Options and Stock Appreciation Rights to Eligible Individuals
from time to time, in its sole discretion, on such terms and conditions as it may determine, which shall not be inconsistent with
the Plan.

    	 	 	 

     

    

5.2 Qualification of Incentive Stock Options. The
Administrator may grant Options intended to qualify as Incentive Stock Options only to employees of the Company, any of the Company’s
present or future “parent corporations” or “subsidiary corporations” as defined in Sections 424(e) or (f)
of the Code, respectively, and any other entities the employees of which are eligible to receive Incentive Stock Options under
the Code. No person who qualifies as a Greater Than 10% Stockholder may be granted an Incentive Stock Option unless such Incentive
Stock Option conforms to the applicable provisions of Section 422 of the Code. To the extent that the aggregate fair market value
of stock with respect to which “incentive stock options” (within the meaning of Section 422 of the Code, but without
regard to Section 422(d) of the Code) are exercisable for the first time by a Holder during any calendar year under the Plan, and
all other plans of the Company and any parent corporation or subsidiary corporation thereof (as defined in Section 424(e) and 424(f)
of the Code, respectively), exceeds $100,000, the Options shall be treated as Non-Qualified Stock Options to the extent required
by Section 422 of the Code. The rule set forth in the immediately preceding sentence shall be applied by taking Options and other
“incentive stock options” into account in the order in which they were granted and the fair market value of stock shall
be determined as of the time the respective options were granted. Any interpretations and rules under the Plan with respect to
Incentive Stock Options shall be consistent with the provisions of Section 422 of the Code. Neither the Company nor the Administrator
shall have any liability to a Holder, or any other Person, (a) if an Option (or any part thereof) which is intended to qualify
as an Incentive Stock Option fails to qualify as an Incentive Stock Option or (b) for any action or omission by the Company or
the Administrator that causes an Option not to qualify as an Incentive Stock Option, including without limitation, the conversion
of an Incentive Stock Option to a Non-Qualified Stock Option or the grant of an Option intended as an Incentive Stock Option that
fails to satisfy the requirements under the Code applicable to an Incentive Stock Option.

5.3 Option and Stock Appreciation Right Exercise Price.
The exercise price per Share subject to each Option and Stock Appreciation Right shall be set by the Administrator, but shall not
be less than the Fair Market Value of a Share on the date the Option or Stock Appreciation Right, as applicable, is granted (or,
as to Incentive Stock Options, on the date the Option is modified, extended or renewed for purposes of Section 424(h) of the Code).
In addition, in the case of Incentive Stock Options granted to a Greater Than 10% Stockholder, such price shall not be less than
110% of the Fair Market Value of a Share on the date the Option is granted (or the date the Option is modified, extended or renewed
for purposes of Section 424(h) of the Code). Notwithstanding the foregoing, in the case of an Option or Stock Appreciation Right
that is a Substitute Award, the exercise price per share of the Shares subject to such Option or Stock Appreciation Right, as applicable,
may be less than the Fair Market Value per share on the date of grant; provided that the exercise price of any Substitute
Award shall be determined in accordance with the applicable requirements of Section 424 and 409A of the Code.

5.4 Option and SAR Term. The term of each Option (the
“Option Term”) and the term of each Stock Appreciation Right (the “SAR Term”) shall be set
by the Administrator in its sole discretion; provided, however, that the Option Term or SAR Term, as applicable,
shall not be more than (a) ten (10) years from the date the Option or Stock Appreciation Right, as applicable, is granted to an
Eligible Individual (other than, in the case of Incentive Stock Options, a Greater Than 10% Stockholder), or (b) five (5) years
from the date an Incentive Stock Option is granted to a Greater Than 10% Stockholder. Except as limited by the requirements of
Section 409A or Section 422 of the Code and regulations and rulings thereunder or the first sentence of this Section 5.4 and without
limiting the Company’s rights under Section 10.7, the Administrator may extend the Option Term of any outstanding Option
or the SAR Term of any outstanding Stock Appreciation Right, and may extend the time period during which vested Options or Stock
Appreciation Rights may be exercised, in connection with any Termination of Service of the Holder or otherwise, and may amend,
subject to Section 10.7 and 12.1, any other term or condition of such Option or Stock Appreciation Right relating to such Termination
of Service of the Holder or otherwise.

5.5 Option and SAR Vesting. The period during which
the right to exercise, in whole or in part, an Option or Stock Appreciation Right vests in the Holder, including, without limitation,
any performance-based vesting criteria applicable to such period, shall be set by the Administrator and set forth in the applicable
Award Agreement. Unless otherwise determined by the Administrator in the Award Agreement, the applicable Program or by action of
the Administrator following the grant of the Option or Stock Appreciation Right, (a) no portion of an Option or Stock Appreciation
Right which is unexercisable at a Holder’s Termination of Service shall thereafter become exercisable and (b) the portion
of an Option or Stock Appreciation Right that is unexercisable at a Holder’s Termination of Service shall automatically expire
thirty (30) days following such Termination of Service.

    	 	 	 

     

    

ARTICLE 6. 

EXERCISE OF OPTIONS AND STOCK APPRECIATION
RIGHTS 

6.1 Exercise and Payment. An exercisable Option or
Stock Appreciation Right may be exercised in whole or in part. However, an Option or Stock Appreciation Right shall not be exercisable
with respect to fractional Shares and the Administrator may require that, by the terms of the Option or Stock Appreciation Right,
a partial exercise must be with respect to a minimum number of Shares. Payment of the amounts payable with respect to Stock Appreciation
Rights pursuant to this Article 6 shall be in cash, Shares (based on its Fair Market Value as of the date the Stock Appreciation
Right is exercised), or a combination of both, as determined by the Administrator.

6.2 Manner of Exercise. Except as set forth in Section
6.3, all or a portion of an exercisable Option or Stock Appreciation Right shall be deemed exercised upon delivery of all of the
following to the Secretary of the Company, the stock plan administrator of the Company or such other person or entity designated
by the Administrator, or his, her or its office, as applicable:

(a) A written or electronic notice complying with the applicable
rules established by the Administrator stating that the Option or Stock Appreciation Right, or a portion thereof, is exercised.
The notice shall be signed or otherwise acknowledged electronically by the Holder or other person then entitled to exercise the
Option or Stock Appreciation Right or such portion thereof;

(b) Such representations and documents as the Administrator,
in its sole discretion, deems necessary or advisable to effect compliance with Applicable Law.

(c) In the event that the Option shall be exercised pursuant
to Section 10.3 by any person or persons other than the Holder, appropriate proof of the right of such person or persons to exercise
the Option or Stock Appreciation Right, as determined in the sole discretion of the Administrator; and

(d) Full payment of the exercise price and applicable withholding
taxes for the Shares with respect to which the Option or Stock Appreciation Right, or portion thereof, is exercised, in a manner
permitted by the Administrator in accordance with Sections 10.1 and 10.2.

6.3 Expiration of Option Term or SAR Term: Automatic Exercise
of In-The-Money Options and Stock Appreciation Rights. The Administrator may include a provision in an Award Agreement providing
for the automatic exercise of an Option or a Stock Appreciation Right on the last business day of the applicable Option Term or
Stock Appreciation Right Term that was initially established by the Administrator for such Option or Stock Appreciation Right (e.g.,
the last business day prior to the tenth anniversary of the date of grant of such Option or Stock Appreciation Right if the Option
or Stock Appreciation Right initially had a ten-year Option Term or Stock Appreciation Right Term, as applicable).

6.4 Notification Regarding Disposition. The Holder
shall give the Company prompt written or electronic notice of any disposition of Shares acquired by exercise of an Incentive Stock
Option which occurs within (a) two years from the date of granting (including the date the Option is modified, extended or renewed
for purposes of Section 424(h) of the Code) such Option to such Holder, or (b) one year after the date of transfer of such Shares
to such Holder. Such notice shall specify the date of such disposition or other transfer and the amount realized, in cash, other
property, assumption of indebtedness or other consideration, by the Holder in such disposition or other transfer.

ARTICLE 7. 

AWARD OF RESTRICTED STOCK 

7.1 Award of Restricted Stock. The Administrator is
authorized to grant Restricted Stock to Eligible Individuals, and shall determine the terms and conditions, including the restrictions
applicable to each award of Restricted Stock, which terms and conditions shall not be inconsistent with the Plan or any applicable
Program, and may impose such conditions on the issuance of such Restricted Stock as it deems appropriate. The Administrator shall
establish the purchase price, if any, and form of payment for Restricted Stock; provided, however, that if a purchase
price is charged, such purchase price shall be no less than the par value, if any, of the Shares to be purchased, unless otherwise
permitted by Applicable Law. In all cases, legal consideration shall be required for each issuance of Restricted Stock to the extent
required by Applicable Law.

    	 	 	 

     

    

7.2 Rights as Stockholders. Subject to Section 7.4,
upon issuance of Restricted Stock, the Holder shall have, unless otherwise provided by the Administrator, all the rights of a stockholder
with respect to said Shares, subject to the restrictions in the Plan, any applicable Program and/or the applicable Award Agreement,
including the right to receive all dividends and other distributions paid or made with respect to the Shares to the extent such
dividends and other distributions have a record date that is on or after the date on which the Holder to whom such Shares are granted
becomes the record holder of such Restricted Stock; provided, however, that, in the sole discretion of the Administrator,
any extraordinary distributions with respect to the Shares may be subject to the restrictions set forth in Section 7.3. In addition,
unless otherwise determined by the Administrator, with respect to a share of Restricted Stock, dividends which are paid prior to
vesting shall only be paid out to the Holder to the extent that all vesting conditions are subsequently satisfied and the share
of Restricted Stock vests.

7.3 Restrictions. All Shares of Restricted Stock (including
any Shares received by Holders thereof with respect to shares of Restricted Stock as a result of stock dividends, stock splits
or any other form of recapitalization) shall be subject to such restrictions and vesting requirements as the Administrator shall
provide in the applicable Program or Award Agreement, including, without limitation, performance-based restrictions or vesting.
By action taken after the Restricted Stock is issued, the Administrator may, on such terms and conditions as it may determine to
be appropriate, accelerate the vesting of such Restricted Stock by removing any or all of the restrictions imposed by the terms
of the applicable Program or Award Agreement.

7.4 Repurchase or Forfeiture of Restricted Stock.
Except as otherwise determined by the Administrator, if no price was paid by the Holder for the Restricted Stock, upon a Termination
of Service during the applicable restriction period, the Holder’s rights in unvested Restricted Stock then subject to restrictions
shall lapse, and such Restricted Stock shall be surrendered to the Company and cancelled without consideration on the date of such
Termination of Service. If a price was paid by the Holder for the Restricted Stock, upon a Termination of Service during the applicable
restriction period, the Company shall have the right to repurchase from the Holder the unvested Restricted Stock then subject to
restrictions at a cash price per share equal to the price paid by the Holder for such Restricted Stock or such other amount as
may be specified in the applicable Program or Award Agreement. Notwithstanding the foregoing, the Administrator, in its sole discretion,
may provide that upon certain events, including, without limitation, the Holder’s death, retirement or disability or any
other specified Termination of Service or any other event, the Holder’s rights in unvested Restricted Stock then subject
to restrictions shall not lapse, such Restricted Stock shall vest and cease to be forfeitable and, if applicable, the Company shall
cease to have a right of repurchase.

7.5 Section 83(b) Election. If a Holder makes an election
under Section 83(b) of the Code to be taxed with respect to the Restricted Stock as of the date of transfer of the Restricted Stock
rather than as of the date or dates upon which the Holder would otherwise be taxable under Section 83(a) of the Code, the Holder
shall be required to deliver a copy of such election to the Company promptly after filing such election with the Internal Revenue
Service along with proof of the timely filing thereof with the Internal Revenue Service.

ARTICLE 8. 

AWARD OF RESTRICTED STOCK UNITS 

8.1 Grant of Restricted Stock Units. The Administrator
is authorized to grant Awards of Restricted Stock Units to any Eligible Individual selected by the Administrator in such amounts
and subject to such terms and conditions as determined by the Administrator.

8.2 Term. Except as otherwise provided herein, the
term of a Restricted Stock Unit award shall be set by the Administrator in its sole discretion.

    	 	 	 

     

    

8.3 Purchase Price. The Administrator shall specify
the purchase price, if any, to be paid by the Holder to the Company with respect to any Restricted Stock Unit Award; provided,
however, that the value of the consideration shall not be less than the par value of a Share, unless otherwise permitted
by Applicable Law.

8.4 Vesting of Restricted Stock Units. At the time
of grant, the Administrator shall specify the date or dates on which the Restricted Stock Units shall become fully vested and nonforfeitable,
and may specify such conditions to vesting as it deems appropriate, including, without limitation, vesting based upon the Holder’s
duration of service to the Company or any Subsidiary, Company performance, individual performance or other specific criteria, in
each case on a specified date or dates or over any period or periods, as determined by the Administrator.

8.5 Maturity and Payment.
At the time of grant, the Administrator shall specify the maturity date applicable to each grant of Restricted Stock Units, which
shall be no earlier than the vesting date or dates of the Award and may be determined at the election of the Holder (if permitted
by the applicable Award Agreement); provided that, except as otherwise determined by the Administrator, and subject to compliance
with Section 409A, in no event shall the maturity date relating to each Restricted Stock Unit occur following the later of (a)
the 15th day of the third month following the end of
the calendar year in which the applicable portion of the Restricted Stock Unit vests; or (b) the 15th
day of the third month following the end of the Company’s fiscal year in which the applicable
portion of the Restricted Stock Unit vests. On the maturity date, the Company shall, in accordance with the applicable Award Agreement
and subject to Section 10.4(f), transfer to the Holder one unrestricted, fully transferable Share for each Restricted Stock Unit
scheduled to be paid out on such date and not previously forfeited, or in the sole discretion of the Administrator, an amount in
cash equal to the Fair Market Value of such Shares on the maturity date or a combination of cash and Common Stock as determined
by the Administrator. 

8.6 Payment upon Termination of Service. An Award
of Restricted Stock Units shall only be payable while the Holder is an Employee, a Consultant or a member of the Board, as applicable;
provided, however, that the Administrator, in its sole discretion, may provide (in an Award Agreement or otherwise)
that a Restricted Stock Unit award may be paid subsequent to a Termination of Service in certain events, the Holder’s death,
retirement or disability or any other specified Termination of Service.

ARTICLE 9. 

AWARD OF OTHER STOCK OR CASH BASED
AWARDS AND DIVIDEND EQUIVALENTS 

9.1 Other Stock or Cash Based Awards. The Administrator
is authorized to grant Other Stock or Cash Based Awards, including awards entitling a Holder to receive Shares or cash to be delivered
immediately or in the future, to any Eligible Individual. Subject to the provisions of the Plan and any applicable Program, the
Administrator shall determine the terms and conditions of each Other Stock or Cash Based Award, including the term of the Award,
any exercise or purchase price, performance goals, transfer restrictions, vesting conditions and other terms and conditions applicable
thereto, which shall be set forth in the applicable Award Agreement. Other Stock or Cash Based Awards may be paid in cash, Shares,
or a combination of cash and Shares, as determined by the Administrator, and may be available as a form of payment in the settlement
of other Awards granted under the Plan, as stand-alone payments, as a part of a bonus, deferred bonus, deferred compensation or
other arrangement, and/or as payment in lieu of compensation to which an Eligible Individual is otherwise entitled.

9.2 Dividend Equivalents. Dividend Equivalents may
be granted by the Administrator, either alone or in tandem with another Award, based on dividends declared on the Common Stock,
to be credited as of dividend payment dates during the period between the date the Dividend Equivalents are granted to a Holder
and the date such Dividend Equivalents terminate or expire, as determined by the Administrator. Such Dividend Equivalents shall
be converted to cash or additional Shares by such formula and at such time and subject to such restrictions and limitations as
may be determined by the Administrator. In addition, Dividend Equivalents with respect to an Award shall only be paid out to the
Holder to the extent that the full vesting conditions are subsequently satisfied and the Award vests. Notwithstanding the foregoing,
no Dividend Equivalents shall be payable with respect to Options or Stock Appreciation Rights.

    	 	 	 

     

    

ARTICLE 10. 

ADDITIONAL TERMS OF AWARDS 

10.1 Payment. The Administrator shall determine the
method or methods by which payments by any Holder with respect to any Awards granted under the Plan shall be made, including, without
limitation: (a) cash or check, (b) Shares (including, in the case of payment of the exercise price of an Award, Shares issuable
pursuant to the exercise of the Award) or Shares held for such minimum period of time as may be established by the Administrator,
in each case, having a Fair Market Value on the date of delivery equal to the aggregate payments required, (c) delivery of a written
or electronic notice that the Holder has placed a market sell order with a broker acceptable to the Company with respect to Shares
then issuable upon exercise or vesting of an Award, and that the broker has been directed to pay a sufficient portion of the net
proceeds of the sale to the Company in satisfaction of the aggregate payments required; provided that payment of such proceeds
is then made to the Company upon settlement of such sale, (d) other form of legal consideration acceptable to the Administrator
in its sole discretion, or (e) any combination of the above permitted forms of payment. Notwithstanding any other provision of
the Plan to the contrary, no Holder who is a Director or an “executive officer” of the Company within the meaning of
Section 13(k) of the Exchange Act shall be permitted to make payment with respect to any Awards granted under the Plan, or continue
any extension of credit with respect to such payment, with a loan from the Company or a loan arranged by the Company in violation
of Section 13(k) of the Exchange Act.

10.2 Tax Withholding. The Company or any Subsidiary
shall have the authority and the right to deduct or withhold, or require a Holder to remit to the Company, an amount sufficient
to satisfy federal, state, local and foreign taxes (including the Holder’s FICA, employment tax or other social security
contribution obligation) required by law to be withheld with respect to any taxable event concerning a Holder arising as a result
of the Plan or any Award. The Administrator may, in its sole discretion and in satisfaction of the foregoing requirement, or in
satisfaction of such additional withholding obligations as a Holder may have elected, allow a Holder to satisfy such obligations
by any payment means described in Section 10.1 hereof, including without limitation, by allowing such Holder to elect to have the
Company or any Subsidiary withhold Shares otherwise issuable under an Award (or allow the surrender of Shares). The number of Shares
that may be so withheld or surrendered shall be no greater than the number of Shares that have a fair market value on the date
of withholding or repurchase equal to the aggregate amount of such liabilities based on the maximum statutory withholding rates
in such Holder’s applicable jurisdiction for federal, state, local and foreign income tax and payroll tax purposes that are
applicable to such taxable income. The Administrator shall determine the fair market value of the Shares, consistent with applicable
provisions of the Code, for tax withholding obligations due in connection with a broker-assisted cashless Option or Stock Appreciation
Right exercise involving the sale of Shares to pay the Option or Stock Appreciation Right exercise price or any tax withholding
obligation.

10.3 Transferability of Awards.

(a) Except as otherwise provided in Sections 10.3(b) and
10.3(c):

(i) No Award under the Plan may be sold, pledged, assigned
or transferred in any manner other than (A) by will or the laws of descent and distribution or (B) subject to the consent of the
Administrator, pursuant to a DRO, unless and until such Award has been exercised or the Shares underlying such Award have been
issued, and all restrictions applicable to such Shares have lapsed;

(ii) No Award or interest or right therein shall be liable
for or otherwise subject to the debts, contracts or engagements of the Holder or the Holder’s successors in interest or shall
be subject to disposition by transfer, alienation, anticipation, pledge, hypothecation, encumbrance, assignment or any other means
whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other
legal or equitable proceedings (including bankruptcy) unless and until such Award has been exercised, or the Shares underlying
such Award have been issued, and all restrictions applicable to such Shares have lapsed, and any attempted disposition of an Award
prior to satisfaction of these conditions shall be null and void and of no effect, except to the extent that such disposition is
permitted by Section 10.3(a)(i); and

    	 	 	 

     

    

(iii) During the lifetime of the Holder, only the Holder
may exercise any exercisable portion of an Award granted to such Holder under the Plan, unless it has been disposed of pursuant
to a DRO. After the death of the Holder, any exercisable portion of an Award may, prior to the time when such portion becomes unexercisable
under the Plan or the applicable Program or Award Agreement, be exercised by the Holder’s personal representative or by any
person empowered to do so under the deceased Holder’s will or under the then-applicable laws of descent and distribution.

(b) Notwithstanding Section 10.3(a), the Administrator, in
its sole discretion, may determine to permit a Holder or a Permitted Transferee of such Holder to transfer an Award other than
an Incentive Stock Option (unless such Incentive Stock Option is intended to become a Nonqualified Stock Option) to any one or
more Permitted Transferees of such Holder, subject to the following terms and conditions: (i) an Award transferred to a Permitted
Transferee shall not be assignable or transferable by the Permitted Transferee other than (A) to another Permitted Transferee of
the applicable Holder or (B) by will or the laws of descent and distribution or, subject to the consent of the Administrator, pursuant
to a DRO; (ii) an Award transferred to a Permitted Transferee shall continue to be subject to all the terms and conditions of the
Award as applicable to the original Holder (other than the ability to further transfer the Award to any Person other than another
Permitted Transferee of the applicable Holder); and (iii) the Holder (or transferring Permitted Transferee) and the receiving Permitted
Transferee shall execute any and all documents requested by the Administrator, including, without limitation documents to (A) confirm
the status of the transferee as a Permitted Transferee, (B) satisfy any requirements for an exemption for the transfer under Applicable
Law and (C) evidence the transfer. In addition, and further notwithstanding Section 10.3(a), hereof, the Administrator, in its
sole discretion, may determine to permit a Holder to transfer Incentive Stock Options to a trust that constitutes a Permitted Transferee
if, under Section 671 of the Code and other Applicable Law, the Holder is considered the sole beneficial owner of the Incentive
Stock Option while it is held in the trust.

(c) Notwithstanding Section 10.3(a), a Holder may, in the
manner determined by the Administrator, designate a beneficiary to exercise the rights of the Holder and to receive any distribution
with respect to any Award upon the Holder’s death. A beneficiary, legal guardian, legal representative, or other person claiming
any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Program or Award Agreement applicable
to the Holder and any additional restrictions deemed necessary or appropriate by the Administrator. If the Holder is married or
a domestic partner in a domestic partnership qualified under Applicable Law and resides in a community property state, a designation
of a person other than the Holder’s spouse or domestic partner, as applicable, as the Holder’s beneficiary with respect
to more than 50% of the Holder’s interest in the Award shall not be effective without the prior written or electronic consent
of the Holder’s spouse or domestic partner. If no beneficiary has been designated or survives the Holder, payment shall be
made to the person entitled thereto pursuant to the Holder’s will or the laws of descent and distribution. Subject to the
foregoing, a beneficiary designation may be changed or revoked by a Holder at any time; provided that the change or revocation
is delivered in writing to the Administrator prior to the Holder’s death.

10.4 Conditions to Issuance of Shares.

(a) The Administrator shall determine the methods by which
Shares shall be delivered or deemed to be delivered to Holders. Notwithstanding anything herein to the contrary, the Company shall
not be required to issue or deliver any certificates or make any book entries evidencing Shares pursuant to the exercise of any
Award, unless and until the Administrator has determined, with advice of counsel, that the issuance of such Shares is in compliance
with Applicable Law and the Shares are covered by an effective registration statement or applicable exemption from registration.
In addition to the terms and conditions provided herein, the Administrator may require that a Holder make such reasonable covenants,
agreements and representations as the Administrator, in its sole discretion, deems advisable in order to comply with Applicable
Law.

(b) All share certificates delivered pursuant to the Plan
and all Shares issued pursuant to book entry procedures are subject to any stop-transfer orders and other restrictions as the Administrator
deems necessary or advisable to comply with Applicable Law. The Administrator may place legends on any share certificate or book
entry to reference restrictions applicable to the Shares (including, without limitation, restrictions applicable to Restricted
Stock).

    	 	 	 

     

    

(c) The Administrator shall have the right to require any
Holder to comply with any timing or other restrictions with respect to the settlement, distribution or exercise of any Award, including
a window-period limitation, as may be imposed in the sole discretion of the Administrator.

(d) No fractional Shares shall be issued and the Administrator,
in its sole discretion, shall determine whether cash shall be given in lieu of fractional Shares or whether such fractional Shares
shall be eliminated by rounding down.

(e) The Company, in its sole discretion, may (i) retain physical
possession of any stock certificate evidencing Shares until any restrictions thereon shall have lapsed and/or (ii) require that
the stock certificates evidencing such Shares be held in custody by a designated escrow agent (which may but need not be the Company)
until the restrictions thereon shall have lapsed, and that the Holder deliver a stock power, endorsed in blank, relating to such
Shares.

(f) Notwithstanding any other provision of the Plan, unless
otherwise determined by the Administrator or required by Applicable Law, the Company shall not deliver to any Holder certificates
evidencing Shares issued in connection with any Award and instead such Shares shall be recorded in the books of the Company (or,
as applicable, its transfer agent or stock plan administrator).

10.5 Forfeiture and Claw-Back Provisions. All Awards
(including any proceeds, gains or other economic benefit actually or constructively received by a Holder upon any receipt or exercise
of any Award or upon the receipt or resale of any Shares underlying the Award and any payments of a portion of an incentive-based
bonus pool allocated to a Holder) shall, unless otherwise determined by the Administrator or required by Applicable Law, be subject
to the provisions of any claw-back policy implemented by the Company, including, without limitation, any claw-back policy adopted
to comply with the requirements of Applicable Law, including, without limitation, the Dodd-Frank Wall Street Reform and Consumer
Protection Act and any rules or regulations promulgated thereunder, whether or not such claw-back policy was in place at the time
of grant of an Award, to the extent set forth in such claw-back policy and/or in the applicable Award Agreement.

10.6 Prohibition on Repricing. Subject to Section
12.2, the Administrator shall not, without the approval of the stockholders of the Company, (a) authorize the amendment of any
outstanding Option or Stock Appreciation Right to reduce its price per Share, or (b) cancel any Option or Stock Appreciation Right
in exchange for cash or another Award when the Option or Stock Appreciation Right price per Share exceeds the Fair Market Value
of the underlying Shares. Furthermore, for purposes of this Section 10.6, except in connection with a corporate transaction involving
the Company (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization,
merger, consolidation, split-up, spin-off, combination or exchange of shares), the terms of outstanding Awards may not be amended
to reduce the exercise price per Share of outstanding Options or Stock Appreciation Rights or cancel outstanding Options or Stock
Appreciation Rights in exchange for cash, other Awards or Options or Stock Appreciation Rights with an exercise price per Share
that is less than the exercise price per Share of the original Options or Stock Appreciation Rights without the approval of the
stockholders of the Company.

10.7 Amendment of Awards. Subject to Applicable Law
and Section 10.6, the Administrator may amend, modify or terminate any outstanding Award, including but not limited to, substituting
therefor another Award of the same or a different type, changing the date of exercise or settlement, and converting an Incentive
Stock Option to a Non-Qualified Stock Option. The Holder’s consent to such action shall be required unless (a) the Administrator
determines that the action, taking into account any related action, would not materially and adversely affect the Holder, or (b)
the change is otherwise permitted under the Plan (including, without limitation, under Section 12.2 or 12.10).

    	 	 	 

     

    

10.8 Data Privacy. As a condition of receipt of any
Award, each Holder explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of personal
data as described in this Section 10.8 by and among, as applicable, the Company and its Subsidiaries for the exclusive purpose
of implementing, administering and managing the Holder’s participation in the Plan. The Company and its Subsidiaries may
hold certain personal information about a Holder, including but not limited to, the Holder’s name, home address and telephone
number, date of birth, social security or insurance number or other identification number, salary, nationality, job title(s), any
shares of stock held in the Company or any of its Subsidiaries and details of all Awards, in each case, for the purpose of implementing,
managing and administering the Plan and Awards (the “Data”). The Company and its Subsidiaries may transfer the
Data amongst themselves as necessary for the purpose of implementation, administration and management of a Holder’s participation
in the Plan, and the Company and its Subsidiaries may each further transfer the Data to any third parties assisting the Company
and its Subsidiaries in the implementation, administration and management of the Plan. These recipients may be located in the Holder’s
country, or elsewhere, and the Holder’s country may have different data privacy laws and protections than the recipients’
country. Through acceptance of an Award, each Holder authorizes such recipients to receive, possess, use, retain and transfer the
Data, in electronic or other form, for the purposes of implementing, administering and managing the Holder’s participation
in the Plan, including any requisite transfer of such Data as may be required to a broker or other third party with whom the Company
or any of its Subsidiaries or the Holder may elect to deposit any Shares. The Data related to a Holder will be held only as long
as is necessary to implement, administer, and manage the Holder’s participation in the Plan. A Holder may, at any time, view
the Data held by the Company with respect to such Holder, request additional information about the storage and processing of the
Data with respect to such Holder, recommend any necessary corrections to the Data with respect to the Holder or refuse or withdraw
the consents herein in writing, in any case without cost, by contacting his or her local human resources representative. The Company
may cancel the Holder’s ability to participate in the Plan and, in the Administrator’s discretion, the Holder may forfeit
any outstanding Awards if the Holder refuses or withdraws his or her consents as described herein. For more information on the
consequences of refusal to consent or withdrawal of consent, Holders may contact their local human resources representative.

ARTICLE 11. 

ADMINISTRATION 

11.1 Administrator. The Committee shall administer
the Plan (except as otherwise permitted herein). To the extent necessary to comply with Rule 16b-3 of the Exchange Act, the Committee
shall take all action with respect to such Awards, and the individuals taking such action shall consist solely of two or more Non-Employee
Directors, each of whom is intended to qualify as a “non-employee director” as defined by Rule 16b-3 of the Exchange
Act or any successor rule. Additionally, to the extent required by Applicable Law, each of the individuals constituting the Committee
shall be an “independent director” under the rules of any securities exchange or automated quotation system on which
the Shares are listed, quoted or traded. Notwithstanding the foregoing, any action taken by the Committee shall be valid and effective,
whether or not members of the Committee at the time of such action are later determined not to have satisfied the requirements
for membership set forth in this Section 11.1 or the Organizational Documents. Except as may otherwise be provided in the Organizational
Documents or as otherwise required by Applicable Law, (a) appointment of Committee members shall be effective upon acceptance of
appointment, (b) Committee members may resign at any time by delivering written or electronic notice to the Board and (c) vacancies
in the Committee may only be filled by the Board. Notwithstanding the foregoing, (i) the full Board, acting by a majority of its
members in office, shall conduct the general administration of the Plan with respect to Awards granted to Non-Employee Directors
and, with respect to such Awards, the term “Administrator” as used in the Plan shall be deemed to refer to the Board
and (ii) the Board or Committee may delegate its authority hereunder to the extent permitted by Section 11.6.

11.2 Duties and Powers of Administrator. It shall
be the duty of the Administrator to conduct the general administration of the Plan in accordance with its provisions. The Administrator
shall have the power to interpret the Plan, all Programs and Award Agreements, and to adopt such rules for the administration,
interpretation and application of the Plan and any Program as are not inconsistent with the Plan, to interpret, amend or revoke
any such rules and to amend the Plan or any Program or Award Agreement; provided that the rights or obligations of the Holder
of the Award that is the subject of any such Program or Award Agreement are not materially and adversely affected by such amendment,
unless the consent of the Holder is obtained or such amendment is otherwise permitted under Section 10.7 or Section 12.10. In its
sole discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee in its
capacity as the Administrator under the Plan except with respect to matters which under Rule 16b-3 under the Exchange Act or any
successor rule, or any regulations or rules issued thereunder, or the rules of any securities exchange or automated quotation system
on which the Shares are listed, quoted or traded are required to be determined in the sole discretion of the Committee.

    	 	 	 

     

    

11.3 Action by the Administrator. Unless otherwise
established by the Board, set forth in any Organizational Documents or as required by Applicable Law, a majority of the Administrator
shall constitute a quorum and the acts of a majority of the members present at any meeting at which a quorum is present, and acts
approved in writing by all members of the Administrator in lieu of a meeting, shall be deemed the acts of the Administrator. Each
member of the Administrator is entitled to, in good faith, rely or act upon any report or other information furnished to that member
by any officer or other employee of the Company or any Subsidiary, the Company’s independent certified public accountants,
or any executive compensation consultant or other professional retained by the Company to assist in the administration of the Plan.

11.4 Authority of Administrator. Subject to the Organizational
Documents, any specific designation in the Plan and Applicable Law, the Administrator has the exclusive power, authority and sole
discretion to:

(a) Designate Eligible Individuals to receive Awards;

(b) Determine the type or types of Awards to be granted to
each Eligible Individual (including, without limitation, any Awards granted in tandem with another Award granted pursuant to the
Plan);

(c) Determine the number of Awards to be granted and the
number of Shares to which an Award will relate;

(d) Determine the terms and conditions of any Award granted
pursuant to the Plan, including, but not limited to, the exercise price, grant price, purchase price or performance criteria, any
restrictions or limitations on the Award, any schedule for vesting, lapse of forfeiture restrictions or restrictions on the exercisability
of an Award, and accelerations or waivers thereof, and any provisions related to non-competition and claw-back and recapture of
gain on an Award, based in each case on such considerations as the Administrator in its sole discretion determines;

(e) Determine whether, to what extent, and under what circumstances
an Award may be settled in, or the exercise price of an Award may be paid in cash, Shares, other Awards, or other property, or
an Award may be canceled, forfeited, or surrendered;

(f) Prescribe the form of each Award Agreement, which need
not be identical for each Holder;

(g) Decide all other matters that must be determined in connection
with an Award;

(h) Establish, adopt, or revise any Programs, rules and regulations
as it may deem necessary or advisable to administer the Plan;

(i) Interpret the terms of, and any matter arising pursuant
to, the Plan, any Program or any Award Agreement;

(j) Accelerate wholly or partially the vesting or lapse of
restrictions of any Award or portion thereof at any time after the grant of an Award, subject to whatever terms and conditions
it selects and Section 12.2; and

(k) Make all other decisions and determinations that may
be required pursuant to the Plan or as the Administrator deems necessary or advisable to administer the Plan.

11.5 Decisions Binding. The Administrator’s
interpretation of the Plan, any Awards granted pursuant to the Plan, any Program or any Award Agreement and all decisions and determinations
by the Administrator with respect to the Plan are final, binding and conclusive on all Persons.

11.6 Delegation of Authority. The Board or Committee
may from time to time delegate to a committee of one or more members of the Board or one or more officers of the Company the authority
to grant or amend Awards or to take other administrative actions pursuant to this Article 11; provided, however,
that in no event shall an officer of the Company be delegated the authority to grant Awards to, or amend Awards held by, the following
individuals: (a) individuals who are subject to Section 16 of the Exchange Act, or (b) officers of the Company (or Directors) to
whom authority to grant or amend Awards has been delegated hereunder; provided, further, that any delegation of administrative
authority shall only be permitted to the extent it is permissible under any Organizational Documents and Applicable Law. Any delegation
hereunder shall be subject to the restrictions and limits that the Board or Committee specifies at the time of such delegation
or that are otherwise included in the applicable Organizational Documents, and the Board or Committee, as applicable, may at any
time rescind the authority so delegated or appoint a new delegatee. At all times, the delegatee appointed under this Section 11.6
shall serve in such capacity at the pleasure of the Board or the Committee, as applicable, and the Board or the Committee may abolish
any committee at any time and re-vest in itself any previously delegated authority.

    	 	 	 

     

    

ARTICLE 12. 

MISCELLANEOUS PROVISIONS 

12.1 Amendment, Suspension or Termination of the Plan.

(a) Except as otherwise provided in Section 12.1(b), the
Plan may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the
Board; provided that, except as provided in Section 10.5 and Section 12.10, no amendment, suspension or termination of the
Plan shall, without the consent of the Holder, materially and adversely affect any rights or obligations under any Award theretofore
granted or awarded, unless the Award itself otherwise expressly so provides.

(b) Notwithstanding Section 12.1(a), the Board may not, except
as provided in Section 12.2, take any of the following actions without approval of the Company’s stockholders given within
twelve (12) months before or after such action: (i) increase the limit imposed in Section 3.1 on the maximum number of Shares which
may be issued under the Plan or the Award Limit, (ii) reduce the price per share of any outstanding Option or Stock Appreciation
Right granted under the Plan or take any action prohibited under Section 10.6, or (iii) cancel any Option or Stock Appreciation
Right in exchange for cash or another Award in violation of Section 10.6.

(c) No Awards may be granted
or awarded during any period of suspension or after termination of the Plan, and notwithstanding anything herein to the contrary,
in no event may any Award be granted under the Plan after the tenth (10th)
anniversary of the earlier of (i) the date on which the Plan was adopted by the Board or (ii) the date the Plan was approved by
the Company’s stockholders (such anniversary, the “Expiration Date”). Any Awards that are outstanding
on the Expiration Date shall remain in force according to the terms of the Plan, the applicable Program and the applicable Award
Agreement. 

12.2 Changes in Common Stock or Assets of the Company,
Acquisition or Liquidation of the Company and Other Corporate Events.

(a) In the event of any stock dividend, stock split, combination
or exchange of shares, merger, consolidation or other distribution (other than normal cash dividends) of Company assets to stockholders,
or any other change affecting the shares of the Company’s stock or the share price of the Company’s stock other than
an Equity Restructuring, the Administrator may make equitable adjustments, if any, to reflect such change with respect to:

(i) the aggregate number and kind of Shares that may be issued
under the Plan (including, but not limited to, adjustments of the limitations in Section 3.1 on the maximum number and kind of
Shares which may be issued under the Plan, and adjustments of the Award Limit); (ii) the number and kind of Shares (or other securities
or property) subject to outstanding Awards; (iii) the terms and conditions of any outstanding Awards (including, without limitation,
any applicable performance targets or criteria with respect thereto); (iv) the grant or exercise price per share for any outstanding
Awards under the Plan; and (v) the number and kind of Shares (or other securities or property) for which automatic grants are subsequently
to be made to new and continuing Non-Employee Directors pursuant to Section 4.6.

    	 	 	 

     

    

(b) In the event of any transaction or event described in
Section 12.2(a) or any unusual or nonrecurring transactions or events affecting the Company, any Subsidiary of the Company, or
the financial statements of the Company or any Subsidiary, or of changes in Applicable Law or Applicable Accounting Standards,
the Administrator, in its sole discretion, and on such terms and conditions as it deems appropriate, either by the terms of the
Award or by action taken prior to the occurrence of such transaction or event, is hereby authorized to take any one or more of
the following actions whenever the Administrator determines that such action is appropriate in order to prevent dilution or enlargement
of the benefits or potential benefits intended to be made available under the Plan or with respect to any Award under the Plan,
to facilitate such transactions or events or to give effect to such changes in Applicable Law or Applicable Accounting Standards:

(i) To provide for the termination of any such Award in exchange
for an amount of cash and/or other property with a value equal to the amount that would have been attained upon the exercise of
such Award or realization of the Holder’s rights (and, for the avoidance of doubt, if as of the date of the occurrence of
the transaction or event described in this Section 12.2 the Administrator determines in good faith that no amount would have been
attained upon the exercise of such Award or realization of the Holder’s rights, then such Award may be terminated by the
Company without payment);

(ii) To provide that such Award be assumed by the successor
or survivor corporation, or a parent or subsidiary thereof, or shall be substituted for by similar options, rights or awards covering
the stock of the successor or survivor corporation, or a parent or subsidiary thereof, with appropriate adjustments as to the number
and kind of shares and applicable exercise or purchase price, in all cases, as determined by the Administrator;

(iii) To make adjustments in the number and type of Shares
of the Company’s stock (or other securities or property) subject to outstanding Awards, and/or in the terms and conditions
of (including the grant or exercise price), and the criteria included in, outstanding Awards and Awards which may be granted in
the future;

(iv) To provide that such Award shall be exercisable or payable
or fully vested with respect to all Shares covered thereby, notwithstanding anything to the contrary in the Plan or the applicable
Program or Award Agreement;

(v) To replace such Award with other rights or property selected
by the Administrator; and/or

(vi) To provide that the Award cannot vest, be exercised
or become payable after such event.

(c) In connection with the occurrence of any Equity Restructuring,
and notwithstanding anything to the contrary in Sections 12.2(a) and 12.2(b):

(i) The number and type of securities subject to each outstanding
Award and the exercise price or grant price thereof, if applicable, shall be equitably adjusted (and the adjustments provided under
this Section 12.2(c)(i) shall be nondiscretionary and shall be final and binding on the affected Holder and the Company); and/or

(ii) The Administrator shall make such equitable adjustments,
if any, as the Administrator, in its sole discretion, may deem appropriate to reflect such Equity Restructuring with respect to
the aggregate number and kind of Shares that may be issued under the Plan (including, but not limited to, adjustments of the limitation
in Section 3.1 on the maximum number and kind of Shares which may be issued under the Plan, and adjustments of the Award Limit).

(d) Notwithstanding any other provision of the Plan, in the
event of a Change in Control, the parties thereto may cause such Awards to be continued in effect or be assumed or an equivalent
Award substituted by the successor corporation or a parent or subsidiary of the successor corporation. In the event an Award continues
in effect or is assumed or an equivalent Award substituted, and the surviving or successor company terminates Holder’s employment
or service without “cause” (as such term is defined in the sole discretion of the Administrator, or as set forth in
the Award Agreement relating to such Award) upon or within twelve (12) months following the Change in Control, then such Holder
shall be fully vested in such continued, assumed or substituted Award.

    	 	 	 

     

    

(e) In the event that the successor corporation in a Change
in Control refuses to assume, continue or substitute for an Award, any or all of such Award shall become fully exercisable immediately
prior to the consummation of such transaction and all forfeiture restrictions on any or all of such Award to lapse; provided
that the portion of such Award subject to performance-based vesting shall be subject to the terms and conditions of the applicable
Award Agreement and, in the absence of applicable terms and conditions, the Administrator’s discretion. If any such Award
is exercisable in lieu of assumption or substitution in the event of a Change in Control, the Administrator shall notify the Holder
that such Award shall be fully exercisable for a period of fifteen (15) days from the date of such notice, contingent upon the
occurrence of the Change in Control, and such Award shall terminate upon the expiration of such period.

(f) For the purposes of this Section 12.2, an Award shall
be considered assumed if, following the Change in Control, the Award confers the right to purchase or receive, for each Share subject
to the Award immediately prior to the Change in Control, the consideration (whether stock, cash, or other securities or property)
received in the Change in Control by holders of Common Stock for each Share held on the effective date of the transaction (and
if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding
Shares); provided, however, that if such consideration received in the Change in Control was not solely common stock
of the successor corporation or its parent, the Administrator may, with the consent of the successor corporation, provide for the
consideration to be received upon the exercise of the Award, for each Share subject to an Award, to be solely common stock of the
successor corporation or its parent equal in fair market value to the per-share consideration received by holders of Common Stock
in the Change in Control.

(g) The Administrator, in its sole discretion, may include
such further provisions and limitations in any Award, agreement or certificate, as it may deem equitable and in the best interests
of the Company that are not inconsistent with the provisions of the Plan.

(h) Unless otherwise determined by the Administrator, no
adjustment or action described in this Section 12.2 or in any other provision of the Plan shall be authorized to the extent it
would (i) cause the Plan to violate Section 422(b)(1) of the Code, (ii) result in short-swing profits liability under Section 16
of the Exchange Act or violate the exemptive conditions of Rule 16b-3 of the Exchange Act, or (iii) cause an Award to fail to be
exempt from or comply with Section 409A.

(i) The existence of the Plan, any Program, any Award Agreement
and/or the Awards granted hereunder shall not affect or restrict in any way the right or power of the Company or the stockholders
of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital
structure or its business, any merger or consolidation of the Company, any issue of stock or of options, warrants or rights to
purchase stock or of bonds, debentures, preferred or prior preference stocks whose rights are superior to or affect the Common
Stock or the rights thereof or which are convertible into or exchangeable for Common Stock, or the dissolution or liquidation of
the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether
of a similar character or otherwise.

(j) In the event of any pending stock dividend, stock split,
combination or exchange of shares, merger, consolidation or other distribution (other than normal cash dividends) of Company assets
to stockholders, or any other change affecting the Shares or the share price of the Common Stock including any Equity Restructuring,
for reasons of administrative convenience, the Company, in its sole discretion, may refuse to permit the exercise of any Award
during a period of up to thirty (30) days prior to the consummation of any such transaction.

12.3 Approval of Plan by Stockholders. The Plan shall
be submitted for the approval of the Company’s stockholders within twelve (12) months after the date of the Board’s
initial adoption of the Plan. Awards may be granted or awarded prior to such stockholder approval; provided that such Awards
shall not be exercisable, shall not vest and the restrictions thereon shall not lapse and no Shares shall be issued pursuant thereto
prior to the time when the Plan is approved by the Company’s stockholders; and provided, further, that if such
approval has not been obtained at the end of said twelve (12) month period, all Awards previously granted or awarded under the
Plan shall thereupon be canceled and become null and void.

12.4 No Stockholders Rights. Except as otherwise provided
herein or in an applicable Program or Award Agreement, a Holder shall have none of the rights of a stockholder with respect to
Shares covered by any Award until the Holder becomes the record owner of such Shares.

12.5 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 Holder may be permitted through the use of such an automated system.

    	 	 	 

     

    

12.6 Effect of Plan upon Other Compensation Plans.
The adoption of the Plan shall not affect any other compensation or incentive plans in effect for the Company or any Subsidiary.
Nothing in the Plan shall be construed to limit the right of the Company or any Subsidiary: (a) to establish any other forms of
incentives or compensation for Employees, Directors or Consultants of the Company or any Subsidiary, or (b) to grant or assume
options or other rights or awards otherwise than under the Plan in connection with any proper corporate purpose including without
limitation, the grant or assumption of options in connection with the acquisition by purchase, lease, merger, consolidation or
otherwise, of the business, stock or assets of any corporation, partnership, limited liability company, firm or association.

12.7 Compliance with Laws. The Plan, the granting
and vesting of Awards under the Plan and the issuance and delivery of Shares and the payment of money under the Plan or under Awards
granted or awarded hereunder are subject to compliance with all Applicable Law (including but not limited to state, federal and
foreign securities law and margin requirements), and to such approvals by any listing, regulatory or governmental authority as
may, in the opinion of counsel for the Company, be necessary or advisable in connection therewith. Any securities delivered under
the Plan shall be subject to such restrictions, and the person acquiring such securities shall, if requested by the Company, provide
such assurances and representations to the Company as the Company may deem necessary or desirable to assure compliance with all
Applicable Law. The Administrator, in its sole discretion, may take whatever actions it deems necessary or appropriate to effect
compliance with Applicable Law, including, without limitation, placing legends on share certificates and issuing stop-transfer
notices to agents and registrars. Notwithstanding anything to the contrary herein, the Administrator may not take any actions hereunder,
and no Awards shall be granted, that would violate Applicable Law. To the extent permitted by Applicable Law, the Plan and Awards
granted or awarded hereunder shall be deemed amended to the extent necessary to conform to Applicable Law.

12.8 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 Applicable
Law, including the Code, the Securities Act or the Exchange Act shall include any amendment or successor thereto.

12.9 Governing Law. The Plan and any Programs and
Award Agreements hereunder shall be administered, interpreted and enforced under the internal laws of the State of Delaware without
regard to conflicts of laws thereof or of any other jurisdiction.

12.10 Section 409A. To the extent that the Administrator
determines that any Award granted under the Plan is subject to Section 409A, the Plan, the Program pursuant to which such Award
is granted and the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A. In
that regard, to the extent any Award under the Plan or any other compensatory plan or arrangement of the Company or any of its
Subsidiaries is subject to Section 409A, and such Award or other amount is payable on account of a Participant’s Termination
of Service (or any similarly defined term), then (a) such Award or amount shall only be paid to the extent such Termination of
Service qualifies as a “separation from service” as defined in Section 409A, and (b) if such Award or amount is payable
to a “specified employee” as defined in Section 409A then to the extent required in order to avoid a prohibited distribution
under Section 409A, such Award or other compensatory payment shall not be payable prior to the earlier of (i) the expiration of
the six-month period measured from the date of the Participant’s Termination of Service, or (ii) the date of the Participant’s
death. To the extent applicable, the Plan, the Program and any Award Agreements shall be interpreted in accordance with Section
409A. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the Administrator
determines that any Award may be subject to Section 409A, the Administrator may (but is not obligated to), without a Holder’s
consent, adopt such amendments to the Plan and the applicable Program and Award Agreement or adopt other policies and procedures
(including amendments, policies and procedures with retroactive effect), or take any other actions, that the Administrator determines
are necessary or appropriate to (A) exempt the Award from Section 409A and/or preserve the intended tax treatment of the benefits
provided with respect to the Award, or (B) comply with the requirements of Section 409A and thereby avoid the application of any
penalty taxes under Section 409A. The Company makes no representations or warranties as to the tax treatment of any Award under
Section 409A or otherwise. The Company shall have no obligation under this Section 12.10 or otherwise to take any action (whether
or not described herein) to avoid the imposition of taxes, penalties or interest under Section 409A with respect to any Award and
shall have no liability to any Holder or any other person if any Award, compensation or other benefits under the Plan are determined
to constitute non-compliant, “nonqualified deferred compensation” subject to the imposition of taxes, penalties and/or
interest under Section 409A.

    	 	 	 

     

    

12.11 Unfunded Status of Awards. The Plan is intended
to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Holder pursuant
to an Award, nothing contained in the Plan or any Program or Award Agreement shall give the Holder any rights that are greater
than those of a general creditor of the Company or any Subsidiary.

12.12 Indemnification. To the extent permitted under
Applicable Law and the Organizational Documents, each member of the Administrator 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 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 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 persons may
be entitled pursuant to the Organizational Documents, as a matter of law, or otherwise, or any power that the Company may have
to indemnify them or hold them harmless.

12.13 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 Subsidiary except to the extent otherwise expressly provided in
writing in such other plan or an agreement thereunder.

12.14 Expenses. The expenses of administering the
Plan shall be borne by the Company and its Subsidiaries.Exhibit 4.2

 

ADVANTAGE SOLUTIONS INC. 2020 EMPLOYEE STOCK
PURCHASE PLAN

 

 

 

 

    	 	 	 

     

    

ADVANTAGE SOLUTIONS INC. 

2020 EMPLOYEE STOCK PURCHASE PLAN 

ARTICLE I. 

PURPOSE, SCOPE AND ADMINISTRATION OF THE
PLAN 

1.1 Purpose and Scope. The purpose of the Advantage
Solutions Inc. 2020 Employee Stock Purchase Plan, as it may be amended from time to time, (the “Plan”) is to
assist employees of Advantage Solutions Inc., a Delaware corporation (the “Company”), and its Designated Subsidiaries
in acquiring a stock ownership interest in the Company pursuant to a plan which is intended to qualify as an “employee stock
purchase plan” under Section 423 of the Code and to help such employees provide for their future security and to encourage
them to remain in the employment of the Company and its Designated Subsidiaries.

ARTICLE II. 

DEFINITIONS 

Whenever the following terms are used in the Plan, they shall
have the meaning specified below unless the context clearly indicates to the contrary. The singular pronoun shall include the plural
where the context so indicates.

2.1 “Agent” means the brokerage firm,
bank or other financial institution, entity or person(s), if any, engaged, retained, appointed or authorized to act as the agent
of the Company or an Employee with regard to the Plan.

2.2 “Administrator” shall mean the Committee,
or such individuals to which authority to administer the Plan has been delegated under Section 7.1 hereof.

2.3 “Applicable Law” shall mean any applicable
law, including without limitation: (a) provisions of the Code, the Securities Act, the Exchange Act and any rules or regulations
thereunder; (b) corporate, securities, tax or other laws, statutes, rules, requirements or regulations, whether federal, state,
local or foreign; and (c) rules of any securities exchange or automated quotation system on which the shares of the Common Stock
are listed, quoted or traded.

2.4 “Board” shall mean the Board of Directors
of the Company.

2.5 “Code” shall mean the Internal Revenue
Code of 1986, as amended.

2.6 “Committee” shall mean the Compensation
Committee of the Board.

2.7 “Common Stock” shall mean the common
stock of the Company, par value $0.01 per share.

2.8 “Company” shall have such meaning
as set forth in Section 1.1 hereof.

2.9 “Compensation” of an Employee shall
mean, unless otherwise specified by the Administrator in an Offering Document, the regular straight-time earnings or base salary,
bonuses and commissions, paid to the Employee from the Company on each Payday as compensation for services to the Company or any
Designated Subsidiary, before deduction for any salary deferral contributions made by the Employee to any tax-qualified or nonqualified
deferred compensation plan, including overtime, shift differentials, vacation pay, salaried production schedule premiums, holiday
pay, jury duty pay, funeral leave pay, paid time off, military pay, prior week adjustments and weekly bonus, but excluding education
or tuition reimbursements, imputed income arising under any group insurance or benefit program, travel expenses, business and moving
reimbursements, income received in connection with any stock options, restricted stock, restricted stock units or other compensatory
equity awards and all contributions made by the Company or any Designated Subsidiary for the Employee’s benefit under any
employee benefit plan now or hereafter established. Such Compensation shall be calculated before deduction of any required income
or employment tax withholdings.

    	 	 	 

     

    

2.10 “Designated Subsidiary”
shall mean each Subsidiary that has been designated by the Board or Committee from time to time in its sole discretion as eligible
to participate in the Plan, including any Subsidiary in existence on the Effective Date and any Subsidiary formed or acquired following
the Effective Date, in accordance with Section 7.2 hereof.

2.11 “Effective Date” shall mean immediately
prior to the time at which the Company’s registration statement relating to its initial public offering becomes effective,
provided that the Board has adopted the Plan prior to or on such date, subject to approval of the Plan by the Company’s
stockholders.

2.12 “Eligible Employee” shall mean an
Employee who after the granting of the Option would not be deemed for purposes of Section 423(b)(3) of the Code to possess five
percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or any Subsidiary. For
purposes of the foregoing sentence, the rules of Section 424(d) of the Code with regard to the attribution of stock ownership shall
apply in determining the stock ownership of an individual, and stock which an Employee may purchase under outstanding options shall
be treated as stock owned by the Employee. Notwithstanding the foregoing, the Administrator may provide in an Offering Document
that an Employee is excluded from participation in the Plan in an Offering Period if (i) such Employee is a “highly compensated
employee” of the Company or any Designated Subsidiary (within the meaning of Section 414(q) of the Code), or is such a “highly
compensated employee” (A) with compensation above a specified level, (B) who is an officer and/or (C) is subject to the disclosure
requirements of Section 16(a) of the Exchange Act; (ii) such Employee has not met a service requirement designated by the Administrator
pursuant to Section 423(b)(4)(A) of the Code (which service requirement may not exceed two years), (iii) such Employee is customarily
scheduled to work less than twenty (20) hours per week, (iv) such Employee’s customary employment is for less than five months
in any calendar year and/or (v) such Employee is a citizen or resident of a foreign jurisdiction (without regard to whether they
are also a citizen of the United States or a resident alien (within the meaning of Section 7701(b)(1)(A) of the Code)) if either
(a) the grant of the Option is prohibited under the laws of the jurisdiction governing such Employee, or (b) compliance with the
laws of the foreign jurisdiction would cause the Plan or the Option to violate the requirements of Section 423 of the Code; provided
that any exclusion in clauses (i), (ii), (iii), (iv) or (v) shall be applied in an identical manner under each Offering Period
to all Employees of the Company and all Designated Subsidiaries, in accordance with Treasury Regulation Section 1.423-2(e).

2.13 “Employee” shall mean any person
who renders services to the Company or a Designated Subsidiary in the status of an employee within the meaning of Section 3401(c)
of the Code. “Employee” shall not include any director of the Company or a Designated Subsidiary who does not render
services to the Company or a Designated Subsidiary in the status of an employee within the meaning of Section 3401(c) of the Code.
For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on military
leave, sick leave or other leave of absence approved by the Company or Designated Subsidiary and meeting the requirements of Treasury
Regulation Section 1.421-1(h)(2). Where the period of leave exceeds three (3) months, or such other period specified in Treasury
Regulation Section 1.421-1(h)(2), and the individual’s right to reemployment is not guaranteed either by statute or by contract,
the employment relationship shall be deemed to have terminated on the first day immediately following such three (3)-month period,
or such other period specified in Treasury Regulation Section 1.421-1(h)(2).

2.14 “Enrollment Date” shall mean the
first date of each Offering Period.

2.15 “Exercise Date” shall mean the last
Trading Day of each Offering Period, except as provided in Section 5.2 hereof.

2.16 “Exchange Act” shall mean the Securities
Exchange Act of 1934, as amended.

2.17 “Fair Market Value” shall mean, as
of any date, the value of Common Stock determined as follows:

(a) If the Common Stock is (i) listed on any established
securities exchange (such as the New York Stock Exchange, the NASDAQ Global Market and the NASDAQ Global Select Market), (ii) listed
on any national market system or (iii) listed, quoted or traded on any automated quotation system, its Fair Market Value shall
be the closing sales price for a share of Common Stock as quoted on such exchange or system for such date or, if there is no closing
sales price for a share of Common Stock on the date in question, the closing sales price for a share of Common Stock on the last
preceding date for which such quotation exists, as reported in The Wall Street Journal or such other source as the Administrator
deems reliable;

    	 	 	 

     

    

(b) If the Common Stock is not listed on an established securities
exchange, national market system or automated quotation system, but the Common Stock is regularly quoted by a recognized securities
dealer, its Fair Market Value shall be the mean of the high bid and low asked prices for such date or, if there are no high bid
and low asked prices for a share of Common Stock on such date, the high bid and low asked prices for a share of Common Stock on
the last preceding date for which such information exists, as reported in The Wall Street Journal or such other source as
the Administrator deems reliable; or

(c) If the Common Stock is neither listed on an established
securities exchange, national market system or automated quotation system nor regularly quoted by a recognized securities dealer,
its Fair Market Value shall be established by the Administrator in good faith.

2.18 “Grant Date” shall mean the first
Trading Day of an Offering Period.

2.19 “New Exercise Date” shall have such
meaning as set forth in Section 5.2(b) hereof.

2.20 “Offering Document” shall have the
meaning given to such term in Section 3.2.

2.21 “Offering Period” shall mean such
period of time commencing on such date(s) as determined by the Administrator, in its sole discretion, and with respect to which
Options shall be granted to Participants, following the Effective Date, except as otherwise provided under Section 5.3 hereof.
The duration and timing of Offering Periods may be changed by the Board or Committee, in its sole discretion. Notwithstanding the
foregoing, in no event may an Offering Period exceed twenty-seven (27) months.

2.22 “Option” shall mean the right to
purchase shares of Common Stock pursuant to the Plan during each Offering Period.

2.23 “Option Price” shall mean the purchase
price of a share of Common Stock hereunder as provided in Section 4.2 hereof.

2.24 “Organizational Documents” shall
mean, collectively, (a) the Company’s articles of incorporation, certificate of incorporation, bylaws or other similar organizational
documents relating to the creation and governance of the Company, and (b) the Committee’s charter or other similar organizational
documentation relating to the creation and governance of the Committee.

2.25 “Parent” means any entity that is
a parent corporation of the Company within the meaning of Section 424 of the Code and the Treasury Regulations thereunder.

2.26 “Participant” shall mean any Eligible
Employee who elects to participate in the Plan.

2.27 “Payday” shall mean the regular and
recurring established day for payment of Compensation to an Employee of the Company or any Designated Subsidiary.

2.28 “Plan” shall have such meaning as
set forth in Section 1.1 hereof.

2.29 “Plan Account” shall mean a bookkeeping
account established and maintained by the Company in the name of each Participant.

2.30 “Section 423 Option” shall have such
meaning as set forth in Section 3.1(b) hereof.

2.31 “Securities Act” shall mean the Securities
Act of 1933, as amended.

    	 	 	 

     

    

2.32 “Subsidiary” shall mean any entity
that is a subsidiary corporation of the Company within the meaning of Section 424 of the Code and the Treasury Regulations thereunder.
In addition, with respect to any sub-plans adopted under Section 7.1(d) hereof which are designed to be outside the scope of Section
423 of the Code, Subsidiary shall include any corporate or noncorporate entity in which the Company has a direct or indirect equity
interest or significant business relationship.

2.33 “Trading Day” shall mean a day on
which the principal securities exchange on which the Common Stock is listed is open for trading or, if the Common Stock is not
listed on a securities exchange, shall mean a business day, as determined by the Administrator in good faith.

2.34 “Withdrawal Election” shall have
such meaning as set forth in Section 6.1(a) hereof.

ARTICLE III. 

PARTICIPATION 

3.1 Eligibility.

(a) Any Eligible Employee who shall be employed by the Company
or a Designated Subsidiary on a given Enrollment Date for an Offering Period shall be eligible to participate in the Plan during
such Offering Period, subject to the requirements of Articles IV and V hereof, and the limitations imposed by Section 423(b) of
the Code and the Treasury Regulations thereunder.

(b) No Eligible Employee shall be granted an Option under
the Plan which permits the Participant’s rights to purchase shares of Common Stock under the Plan, and to purchase stock
under all other employee stock purchase plans of the Company, any Parent or any Subsidiary subject to the Section 423 of the Code
(any such Option or other option, a “Section 423 Option”), to accrue at a rate which exceeds $25,000 of fair
market value of such stock (determined at the time the Section 423 Option is granted) for each calendar year in which any Section
423 Option granted to the Participant is outstanding at any time. For purposes of the limitation imposed by this subsection,

(i) the right to purchase stock under a Section 423 Option
accrues when the Section 423 Option (or any portion thereof) first becomes exercisable during the calendar year,

(ii) the right to purchase stock under a Section 423 Option
accrues at the rate provided in the Section 423 Option, but in no case may such rate exceed $25,000 of fair market value of such
stock (determined at the time such option is granted) for any one calendar year, and

(iii) a right to purchase stock which has accrued under a
Section 423 Option may not be carried over to any other Section 423 Option; provided that Participants may carry forward
amounts so accrued that represent a fractional share of stock and were withheld but not applied towards the purchase of Common
Stock under an earlier Offering Period, and may apply such amounts towards the purchase of additional shares of Common Stock under
a subsequent Offering Period.

The limitation under this Section 3.1(b) shall be applied
in accordance with Section 423(b)(8) of the Code and the Treasury Regulations thereunder.

3.2 Offering Document. The terms and conditions applicable
to each Offering Period shall be set forth in an “Offering Document” adopted by the Administrator, which Offering
Document shall be in such form and shall contain such terms and conditions as the Administrator shall deem appropriate and shall
be incorporated by reference into and made part of the Plan and shall be attached hereto as part of the Plan. The provisions of
separate Offering Periods under the Plan need not be identical. Each Offering Document with respect to an Offering Period shall
specify (through incorporation of the provisions of this Plan by reference or otherwise): (i) the length of the Offering Period,
which period shall not exceed twenty-seven months; (ii) the maximum number of Shares that may be purchased by any Eligible Employee
during such Offering Period, which, in the absence of a contrary designation by the Administrator, shall be 15,000 Shares; and
(iii) such other provisions as the Administrator determines are appropriate, subject to the Plan.

    	 	 	 

     

    

3.3 Election to Participate; Payroll Deductions

(a) Except as provided in Section 3.4 hereof, an Eligible
Employee may become a Participant in the Plan only by means of payroll deduction. Each individual who is an Eligible Employee as
of an Offering Period’s Enrollment Date may elect to participate in such Offering Period and the Plan by delivering to the
Company a payroll deduction authorization no later such period of time prior to the applicable Enrollment Date as determined by
the Administrator, in its sole discretion.

(b) Subject to Section 3.1(b) hereof, payroll deductions
(i) shall be equal to at least one percent (1%) of the Participant’s Compensation as of each Payday of the Offering Period
following the Enrollment Date, but not more than the lesser of fifteen percent (15%) of the Participant’s Compensation as
of each Payday of the Offering Period following the Enrollment Date or $25,000 per Offering Period; and (ii) may be expressed either
as (A) a whole number percentage, or (B) a fixed dollar amount. Amounts deducted from a Participant’s Compensation with respect
to an Offering Period pursuant to this Section 3.3 shall be deducted each Payday through payroll deduction and credited to the
Participant’s Plan Account.

(c) Following at least one (1) payroll deduction, a Participant
may decrease (to as low as zero) the amount deducted from such Participant’s Compensation only once during an Offering Period
upon ten (10) calendar days’ prior written notice to the Company. A Participant may not increase the amount deducted from
such Participant’s Compensation during an Offering Period.

(d) Notwithstanding the foregoing, upon the termination of
an Offering Period, each Participant in such Offering Period shall automatically participate in the immediately following Offering
Period at the same payroll deduction percentage as in effect at the termination of the prior Offering Period, unless such Participant
delivers to the Company a different election with respect to the successive Offering Period in accordance with Section 3.1(a) hereof,
or unless such Participant becomes ineligible for participation in the Plan.

3.4 Leave of Absence. During leaves of absence approved
by the Company meeting the requirements of Treasury Regulation Section 1.421-1(h)(2) under the Code, a Participant may continue
participation in the Plan by making cash payments to the Company on his or her normal payday equal to his or her authorized payroll
deduction.

3.5 Foreign Employees. In order to facilitate participation
in the Plan, the Administrator may provide for such special terms applicable to Participants who are citizens or residents of a
foreign jurisdiction, or who are employed by a Designated Subsidiary outside of the United States, as the Administrator may consider
necessary or appropriate to accommodate differences in local law, tax policy or custom. Such special terms may not be more favorable
than the terms of rights granted under the Plan to Eligible Employees who are residents of the United States. Moreover, the Administrator
may approve such supplements to, or amendments, restatements or alternative versions of, this Plan as it may consider necessary
or appropriate for such purposes without thereby affecting the terms of this Plan as in effect for any other purpose. No such special
terms, supplements, amendments or restatements shall include any provisions that are inconsistent with the terms of this Plan as
then in effect unless this Plan could have been amended to eliminate such inconsistency without further approval by the stockholders
of the Company.

ARTICLE IV. 

PURCHASE OF SHARES 

4.1 Grant of Option. Each Participant shall be granted
an Option with respect to an Offering Period on the applicable Grant Date. Subject to the limitations of Section 3.1(b) hereof,
the number of shares of Common Stock subject to a Participant’s Option shall be determined by dividing (a) such Participant’s
payroll deductions accumulated prior to such Exercise Date and retained in the Participant’s Plan Account on such Exercise
Date by (b) the applicable Option Price; provided that in no event shall a Participant be permitted to purchase during each
Offering Period more than 15,000 shares of Common Stock (subject to any adjustment pursuant to Section 5.2 hereof). The Administrator
may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of Common Stock
that a Participant may purchase during such future Offering Periods. Each Option shall expire on the Exercise Date for the applicable
Offering Period immediately after the automatic exercise of the Option in accordance with Section 4.3 hereof, unless such Option
terminates earlier in accordance with Article 6 hereof.

    	 	 	 

     

    

4.2 Option Price. The Option Price per share of Common
Stock to be paid by a Participant upon exercise of the Participant’s Option on the applicable Exercise Date for an Offering
Period shall be designated by the Administrator in the applicable Offering Document (which Option Price shall not be less than
eighty five percent (85%) of the Fair Market Value of a share of Common Stock on the applicable Enrollment Date or on the Exercise
Date, whichever is lower); provided, however, that, in the event no Option Price is designated by the Administrator
in the applicable Offering Document, the Option Price for the Offering Periods covered by such Offering Document shall be equal
to eighty five percent (85%) of the Fair Market Value of a share of Common Stock on the applicable Enrollment Date or on the Exercise
Date, whichever is lower; provided further that in no event shall the Option Price per share of Common Stock be less than
the par value per share of the Common Stock.

4.3 Purchase of Shares.

(a) On the applicable Exercise Date for an Offering Period,
each Participant shall automatically and without any action on such Participant’s part be deemed to have exercised his or
her Option to purchase at the applicable Option Price the largest number of whole shares of Common Stock which can be purchased
with the amount in the Participant’s Plan Account. Any balance less than the Option Price per share of Common Stock as of
such Exercise Date shall be carried forward to the next Offering Period, unless the Participant has elected to withdraw from the
Plan pursuant to Section 6.1 hereof or, pursuant to Section 6.2 hereof, such Participant has ceased to be an Eligible Employee.
Any balance not carried forward to the next Offering Period in accordance with the prior sentence promptly shall be refunded to
the applicable Participant.

(b) As soon as practicable following the applicable Exercise
Date, the number of shares of Common Stock purchased by such Participant pursuant to Section 4.3(a) hereof shall be delivered (either
in share certificate or book entry form), in the Company’s sole discretion, to either (i) the Participant or (ii) an account
established in the Participant’s name at a stock brokerage or other financial services firm designated by the Company. If
the Company is required to obtain from any commission or agency authority to issue any such shares of Common Stock, the Company
shall seek to obtain such authority. Inability of the Company to obtain from any such commission or agency authority that counsel
for the Company deems necessary for the lawful issuance of any such shares shall relieve the Company from liability to any Participant
except to refund to the Participant such Participant’s Plan Account balance, without interest thereon.

4.4 Transferability of Rights.

(a) An Option granted under the Plan shall not be transferable,
other than by will or the Applicable Laws of descent and distribution, and is exercisable during the Participant’s lifetime
only by the Participant. No option or interest or right to the Option shall be available to pay off any debts, contracts or engagements
of the Participant or his or her successors in interest or shall be subject to disposition by pledge, encumbrance, assignment or
any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment
or any other legal or equitable proceedings (including bankruptcy), and any attempt at disposition of the option shall have no
effect.

(b) Unless otherwise determined by the Administrator, there
shall be no holding period for the shares of Common Stock issued pursuant to the exercise of an Option. Any holding period determined
by the Administrator shall be subject to Sections 5.2(b) and 5.2(c) below.

    	 	 	 

     

    

ARTICLE V. 

PROVISIONS RELATING TO COMMON STOCK 

5.1 Common Stock Reserved. Subject to adjustment as
provided in Section 5.2 hereof, the maximum number of shares of Common Stock that shall be made available for sale under the Plan
shall be 12,479,412 shares of Common Stock.

5.2 Adjustments Upon Changes in Capitalization, Dissolution,
Liquidation, Merger or Asset Sale.

(a) Changes in Capitalization. Subject to any required
action by the stockholders of the Company, the number of shares of Common Stock which have been authorized for issuance under the
Plan but not yet placed under Option, as well as the price per share and the number of shares of Common Stock covered by each Option
under the Plan which has not yet been exercised shall be proportionately adjusted for any increase or decrease in the number of
issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend, combination or reclassification
of the Common Stock, or any other increase or decrease in the number of shares of Common Stock effected without receipt of consideration
by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed
to have been “effected without receipt of consideration.” Such adjustment shall be made by the Administrator, whose
determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company
of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by
reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an Option.

(b) Dissolution or Liquidation. In the event of the
proposed dissolution or liquidation of the Company, the Offering Period then in progress shall be shortened by setting a new Exercise
Date (the “New Exercise Date”), and shall terminate immediately prior to the consummation of such proposed dissolution
or liquidation, unless provided otherwise by the Administrator. The New Exercise Date shall be before the date of the Company’s
proposed dissolution or liquidation. The Administrator shall notify each Participant in writing, at least ten (10) business days
prior to the New Exercise Date, that the Exercise Date for the Participant’s Option has been changed to the New Exercise
Date and that the Participant’s Option shall be exercised automatically on the New Exercise Date, unless prior to such date
the Participant has withdrawn from the Offering Period as provided in Section 6.1 hereof.

(c) Merger or Asset Sale. In the event of a proposed
sale of all or substantially all of the assets of the Company, the merger of the Company with or into another corporation, or other
transaction as set forth by the Administrator in an Offering Document, each outstanding Option shall be assumed or an equivalent
Option substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that the successor
corporation refuses to assume or substitute for the Option, any Offering Periods then in progress shall be shortened by setting
a New Exercise Date and any Offering Periods then in progress shall end on the New Exercise Date. The New Exercise Date shall be
before the date of the Company’s proposed sale or merger. The Administrator shall notify each Participant in writing (or
electronically if determined by the Administrator), at least ten (10) business days prior to the New Exercise Date, that the Exercise
Date for the Participant’s Option has been changed to the New Exercise Date and that the Participant’s Option shall
be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering
Period as provided in Section 6.1 hereof.

5.3 Insufficient Shares. If the Administrator determines
that, on a given Exercise Date, the number of shares of Common Stock with respect to which Options are to be exercised may exceed
the number of shares of Common Stock remaining available for sale under the Plan on such Exercise Date, the Administrator shall
make a pro rata allocation of the shares of Common Stock available for issuance on such Exercise Date in as uniform a manner as
shall be practicable and as it shall determine in its sole discretion to be equitable among all Participants exercising Options
to purchase Common Stock on such Exercise Date, and unless additional shares are authorized for issuance under the Plan, no further
Offering Periods shall take place and the Plan shall terminate pursuant to Section 7.5 hereof. If an Offering Period is so terminated,
then the balance of the amount credited to the Participant’s Plan Account which has not been applied to the purchase of shares
of Common Stock shall be paid to such Participant in one lump sum in cash within thirty (30) days after such Exercise Date, without
any interest thereon.

5.4 Rights as Stockholders. With respect to shares
of Common Stock subject to an Option, a Participant shall not be deemed to be a stockholder of the Company and shall not have any
of the rights or privileges of a stockholder. A Participant shall have the rights and privileges of a stockholder of the Company
when, but not until, shares of Common Stock have been deposited in the designated brokerage account following exercise of his or
her Option.

    	 	 	 

     

    

ARTICLE VI. 

TERMINATION OF PARTICIPATION 

6.1 Cessation of Contributions; Voluntary Withdrawal.

(a) A Participant may cease payroll deductions during an
Offering Period and elect to withdraw from the Plan by delivering written notice of such election to the Company in such form and
at such time prior to the Exercise Date for such Offering Period as may be established by the Administrator (a “Withdrawal
Election”). A Participant electing to withdraw from the Plan may elect to either (i) withdraw all of the funds then credited
to the Participant’s Plan Account as of the date on which the Withdrawal Election is received by the Company, in which case
amounts credited to such Plan Account shall be returned to the Participant in one (1) lump-sum payment in cash within thirty (30)
days after such election is received by the Company, without any interest thereon, and the Participant shall cease to participate
in the Plan and the Participant’s Option for such Offering Period shall terminate; or (ii) exercise the Option for the maximum
number of whole shares of Common Stock on the applicable Exercise Date with any remaining Plan Account balance returned to the
Participant in one (1) lump-sum payment in cash within thirty (30) days after such Exercise Date, without any interest thereon,
and after such exercise cease to participate in the Plan. Upon receipt of a Withdrawal Election, the Participant’s payroll
deduction authorization and his or her Option to purchase under the Plan shall terminate.

(b) A participant’s withdrawal from the Plan shall
not have any effect upon his or her eligibility to participate in any similar plan which may hereafter be adopted by the Company
or in succeeding Offering Periods which commence after the termination of the Offering Period from which the Participant withdraws.

(c) A Participant who ceases contributions to the Plan during
any Offering Period shall not be permitted to resume contributions to the Plan during that Offering Period.

6.2 Termination of Eligibility. Upon a Participant’s
ceasing to be an Eligible Employee, for any reason, such Participant’s Option for the applicable Offering Period shall automatically
terminate, he or she shall be deemed to have elected to withdraw from the Plan, and such Participant’s Plan Account shall
be paid to such Participant or, in the case of his or her death, to the person or persons entitled thereto pursuant to Applicable
Law, within thirty (30) days after such cessation of being an Eligible Employee, without any interest thereon.

ARTICLE VII. 

GENERAL PROVISIONS 

7.1 Administration.

(a) The Plan shall be administered by the Committee, which
shall be composed of members of the Board. The Committee may delegate administrative tasks under the Plan to the services of an
Agent and/or Employees to assist in the administration of the Plan, including establishing and maintaining an individual securities
account under the Plan for each Participant.

(b) It shall be the duty of the Administrator to conduct
the general administration of the Plan in accordance with the provisions of the Plan. The Administrator shall have the power, subject
to, and within the limitations of, the express provisions of the Plan:

(i) To establish Offering Periods;

(ii) To determine when and how Options shall be granted and
the provisions and terms of each Offering Period (which need not be identical);

(iii) To select Designated Subsidiaries in accordance with
Section 7.2 hereof; and

    	 	 	 

     

    

(iv) To construe and interpret the Plan, the terms of any
Offering Period and the terms of the Options and to adopt such rules for the administration, interpretation, and application of
the Plan as are consistent therewith and to interpret, amend or revoke any such rules. The Administrator, in the exercise of this
power, may correct any defect, omission or inconsistency in the Plan, any Offering Period or any Option, in a manner and to the
extent it shall deem necessary or expedient to make the Plan fully effect, subject to Section 423 of the Code and the Treasury
Regulations thereunder.

(c) The Administrator may adopt rules or procedures relating
to the operation and administration of the Plan to accommodate the specific requirements of local laws and procedures. Without
limiting the generality of the foregoing, the Administrator is specifically authorized to adopt rules and procedures regarding
handling of participation elections, payroll deductions, payment of interest, conversion of local currency, payroll tax, withholding
procedures and handling of stock certificates which vary with local requirements. In its absolute discretion, the Board may at
any time and from time to time exercise any and all rights and duties of the Administrator under the Plan.

(d) The Administrator may adopt sub-plans applicable to particular
Designated Subsidiaries or locations, which sub-plans may be designed to be outside the scope of Section 423 of the Code. The rules
of such sub-plans may take precedence over other provisions of this Plan, with the exception of Section 5.1 hereof, but unless
otherwise superseded by the terms of such sub-plan, the provisions of this Plan shall govern the operation of such sub-plan.

(e) All expenses and liabilities incurred by the Administrator
in connection with the administration of the Plan shall be borne by the Company. The Administrator may, with the approval of the
Committee, employ attorneys, consultants, accountants, appraisers, brokers or other persons. The Administrator, the Company and
its officers and directors shall be entitled to rely upon the advice, opinions or valuations of any such persons. All actions taken
and all interpretations and determinations made by the Administrator in good faith shall be final and binding upon all Participants,
the Company and all other interested persons. No member of the Board or Administrator shall be personally liable for any action,
determination or interpretation made in good faith with respect to the Plan or the options, and all members of the Board or Administrator
shall be fully protected by the Company in respect to any such action, determination, or interpretation.

To the extent permitted under Applicable Law and the Organizational
Documents, each member of the Administrator 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 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 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 persons may be entitled pursuant to the Organizational
Documents, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.

7.2 Designation of Subsidiaries. The Board or Committee
shall designate from among the Subsidiaries, as determined from time to time, the Subsidiary or Subsidiaries that shall constitute
Designated Subsidiaries. The Board or Committee may designate a Subsidiary, or terminate the designation of a Subsidiary, without
the approval of the stockholders of the Company.

7.3 Reports. Individual accounts shall be maintained
for each Participant in the Plan. Statements of Plan Accounts shall be given to Participants at least annually, which statements
shall set forth the amounts of payroll deductions, the Option Price, the number of shares purchased and the remaining cash balance,
if any.

7.4 No Right to Employment. Nothing in the Plan shall
be construed to give any person (including any Participant) the right to remain in the employ of the Company, a Parent or a Subsidiary
or to affect the right of the Company, any Parent or any Subsidiary to terminate the employment of any person (including any Participant)
at any time, with or without cause, which right is expressly reserved.

7.5 Amendment and Termination of the Plan.

    	 	 	 

     

    

 

(a) The Board may, in its sole discretion, amend, suspend
or terminate the Plan at any time and from time to time; provided, however, that without approval of the Company’s
stockholders given within twelve (12) months before or after action by the Board, the Plan may not be amended to increase the maximum
number of shares of Common Stock subject to the Plan or change the designation or class of Eligible Employees; and provided,
further that without approval of the Company’s stockholders, the Plan may not be amended in any manner that would
cause the Plan to no longer be an “employee stock purchase plan” within the meaning of Section 423(b) of the Code.

(b) In the event the Administrator determines that the ongoing
operation of the Plan may result in unfavorable financial accounting consequences, the Administrator may, to the extent permitted
under Section 423 of the Code, in its discretion and, to the extent necessary or desirable, modify or amend the Plan to reduce
or eliminate such accounting consequence including, but not limited to:

(i) altering the Option Price for any Offering Period including
an Offering Period underway at the time of the change in Option Price;

(ii) shortening any Offering Period so that the Offering
Period ends on a new Exercise Date, including an Offering Period underway at the time of the Administrator action; and

(iii) allocating shares of Common Stock.

Such modifications or amendments shall not require stockholder
approval or the consent of any Participant.

(c) Upon termination of the Plan, the balance in each Participant’s
Plan Account shall be refunded as soon as practicable after such termination, without any interest thereon.

7.6 Use of Funds; No Interest Paid. All funds received
by the Company by reason of purchase of Common Stock under the Plan shall be included in the general funds of the Company free
of any trust or other restriction and may be used for any corporate purpose. No interest shall be paid to any Participant or credited
under the Plan.

7.7 Term; Approval by Stockholders.
Subject to approval by the stockholders of the Company in accordance with this Section 7.7, the Plan shall terminate on the tenth
(10th) anniversary of the date of its initial approval
by the stockholder(s) of the Company, unless earlier terminated in accordance with Sections 5.3 or 7.5 hereof. No Option may be
granted during any period of suspension of the Plan or after termination of the Plan. The Plan shall be submitted for the approval
of the Company’s stockholder(s) within twelve (12) months after the date of the Board’s initial adoption of the Plan.
Options may be granted prior to such stockholder approval; provided, however, that such Options shall not be exercisable
prior to the time when the Plan is approved by the stockholders; provided, further that if such approval has not
been obtained by the end of said twelve (12)-month period, all Options previously granted under the Plan shall thereupon terminate
and be canceled and become null and void without being exercised. 

7.8 Effect Upon Other Plans. The adoption of the Plan
shall not affect any other compensation or incentive plans in effect for the Company, any Parent or any Subsidiary. Nothing in
the Plan shall be construed to limit the right of the Company, any Parent or any Subsidiary (a) to establish any other forms of
incentives or compensation for Employees of the Company or any Parent or any Subsidiary, or (b) to grant or assume Options otherwise
than under the Plan in connection with any proper corporate purpose, including, but not by way of limitation, the grant or assumption
of options in connection with the acquisition, by purchase, lease, merger, consolidation or otherwise, of the business, stock or
assets of any corporation, firm or association.

7.9 Conformity to Securities Laws. Notwithstanding
any other provision of the Plan, the Plan and the participation in the Plan by any individual who is then subject to Section 16
of the Exchange Act shall be subject to any additional limitations set forth in any applicable exemption rule under Section 16
of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such
exemptive rule. To the extent permitted by Applicable Law, the Plan shall be deemed amended to the extent necessary to conform
to such applicable exemptive rule.

    	 	 	 

     

    

7.10 Notice of Disposition of Shares. Each Participant
shall give the Company prompt notice of any disposition or other transfer of any shares of Common Stock, acquired pursuant to the
exercise of an Option, if such disposition or transfer is made (a) within two (2) years after the applicable Grant Date or (b)
within one (1) year after the transfer of such shares of Common Stock to such Participant upon exercise of such Option. The Company
may direct that any certificates evidencing shares acquired pursuant to the Plan refer to such requirement.

7.11 Tax Withholding. The Company or any Parent or
any Subsidiary shall be entitled to require payment in cash or deduction from other compensation payable to each Participant of
any sums required by federal, state or local tax law to be withheld with respect to any purchase of shares of Common Stock under
the Plan or any sale of such shares.

7.12 Governing Law. The Plan and all rights and obligations
thereunder shall be construed and enforced in accordance with the laws of the State of Delaware.

7.13 Notices. All notices or other communications
by a participant to the Company under or in connection with the Plan shall be deemed to have been duly given when received in the
form specified by the Company at the location, or by the person, designated by the Company for the receipt thereof.

7.14 Conditions To Issuance of Shares.

(a) Notwithstanding anything herein to the contrary, the
Company shall not be required to issue or deliver any certificates or make any book entries evidencing shares of Common Stock pursuant
to the exercise of an Option by a Participant, unless and until the Board or the Committee has determined, with advice of counsel,
that the issuance of such shares of Common Stock is in compliance with all Applicable Laws, regulations of governmental authorities
and, if applicable, the requirements of any securities exchange or automated quotation system on which the shares of Common Stock
are listed or traded, and the shares of Common Stock are covered by an effective registration statement or applicable exemption
from registration. In addition to the terms and conditions provided herein, the Board or the Committee may require that a Participant
make such reasonable covenants, agreements, and representations as the Board or the Committee, in its discretion, deems advisable
in order to comply with any such laws, regulations, or requirements.

(b) All certificates for shares of Common Stock delivered
pursuant to the Plan and all shares of Common Stock issued pursuant to book entry procedures are subject to any stop-transfer orders
and other restrictions as the Committee deems necessary or advisable to comply with federal, state, or foreign securities or other
laws, rules and regulations and the rules of any securities exchange or automated quotation system on which the shares of Common
Stock are listed, quoted, or traded. The Committee may place legends on any certificate or book entry evidencing shares of Common
Stock to reference restrictions applicable to the shares of Common Stock.

(c) The Committee shall have the right to require any Participant
to comply with any timing or other restrictions with respect to the settlement, distribution or exercise of any Option, including
a window-period limitation, as may be imposed in the sole discretion of the Committee.

(d) Notwithstanding any other provision of the Plan, unless
otherwise determined by the Committee or required by any Applicable Law, rule or regulation, the Company may, in lieu of delivering
to any Participant certificates evidencing shares of Common Stock issued in connection with any Option, record the issuance of
shares of Common Stock in the books of the Company (or, as applicable, its transfer agent or stock plan administrator).

7.15 Equal Rights and Privileges. Except with respect
to sub-plans designed to be outside the scope of Section 423 of the Code, all Eligible Employees of the Company (or of any Designated
Subsidiary) shall have equal rights and privileges under this Plan to the extent required under Section 423 of the Code or the
regulations promulgated thereunder so that this Plan qualifies as an “employee stock purchase plan” within the meaning
of Section 423 of the Code or the Treasury Regulations thereunder and all Administrator actions hereunder shall be interpreted
accordingly. Any provision of this Plan that is inconsistent with Section 423 of the Code or the Treasury Regulations thereunder
shall, without further act or amendment by the Company or the Board, be reformed to comply with the equal rights and privileges
requirement of Section 423 of the Code or the Treasury Regulations thereunder.

    	 	 	 

     

    

7.16 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 Applicable Law,
including the Code, the Securities Act or the Exchange Act shall include any amendment or successor thereto.

 

 

 

    	 	 	 

     

    

 

Signature should agree with name printed hereon.
If stock is held in the name of more than one person, EACH joint owner should sign. Executors, administrators, trustees, guardians,
and attorneys should indicate the capacity in which they sign. Attorneys should submit powers of attorney. THIS PROXY WILL BE VOTED
IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED “FOR”
THE PROPOSAL SET FORTH IN PROPOSALS 1 THROUGH PROPOSAL 7 AND WILL GRANT DISCRETIONARY AUTHORITY TO VOTE UPON SUCH OTHER MATTERS
AS MAY PROPERLY COME BEFORE THE MEETING OR ANY ADJOURNMENTS THEREOF. THIS PROXY WILL REVOKE ALL PRIOR PROXIES SIGNED BY YOU.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00318-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00318-of-00352.parquet"}]]