Document:

Exhibit 10.2

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

THIS EXECUTIVE EMPLOYMENT
AGREEMENT (“Agreement”) is made and entered effective as of the ______, 2019, by and between Bricktown Restaurant
Group., a Delaware Corporation (the “Company”) and ________ (the “Executive”) and supersedes and replaces
any prior employment agreement or employment letter between the Parties.

 

W I T N E S S E T H:

 

WHEREAS, the
Board of Directors of the Company (the “Board”) has approved the Company entering into an employment agreement with
the Executive;

 

WHEREAS, the
Executive is now the _________ of the Company and thus the key senior executive of the Company;

 

[WHEREAS, the
Executive is currently under contractual rights pursuant to an employment letter dated between the Company and the Executive];

 

WHEREAS, the
Company would like enter into a formal agreement with the Executive to set forth the terms of Executive’s employment and
to provide for certain severance payments and other benefits in the event Executive's employment is terminated by the Company without
cause or by the Executive for “Good Reason” (as defined below);

 

WHEREAS, the
Executive would like to provide some assurance to the Company that the Executive will not solicit any employees of the Company
and will not work for any entity which has any activities which compete with the Company, as further described below;

 

NOW THEREFORE,
in consideration of the recitals and the mutual agreements herein set forth, the Company and the Executive agree as follows:

 

ARTICLE 1

EMPLOYMENT, TERM AND RENEWAL

 

1.1 Employment.
The Company hereby employs Executive and Executive accepts employment as _________ of the Company. As its __________, Executive
shall render such services to the Company as are customarily rendered by the ___________ of comparable companies and as required
by the articles and by-laws of Employer. Executive accepts such employment and, consistent with fiduciary standards which exist
between and employer and an employee, shall perform and discharge the duties commensurate with his position that may be assigned
to him from time to time by the Company. Any and all prior employment agreements between the Company and Executive are hereby terminated
and are of no further force and effect.

 

     

     

    

 

1.2 Term
and Renewal. The term of this Agreement shall commence on the date first written above (the “Commencement Date”),
and shall continue for 24 months, and shall renew via Board of Director for successive one year terms unless one party gives written
notice of non-renewal at least sixty (60) days prior to the end of a term. The first term of this Agreement and each subsequent
successive renewal shall each be considered a separate term. ("Term").

 

1.3 Compensation
and Benefits. During the Term of this Agreement, the Executive shall be entitled to the compensation (“Compensation)
and benefits (“Benefits”) described in in Exhibit “A” attached hereto.

 

ARTICLE 2

TERMINATION OF EMPLOYMENT AND SEVERANCE
BENEFITS

 

2.1 Termination
by the Company for Cause or Non-Renewal of Agreement or Termination by the Executive without Good Reason, Death, or Disability.
If the Executive’s employment is terminated by the Company for Cause, or if his employment with the Company ends due to death,
"permanent and total disability" (within the meaning Section 22(e)(3) of Internal Revenue Code of 1986, as amended the
“Code”), or due to a voluntary non-renewal of this Agreement or voluntary termination of employment by the Executive
without Good Reason, then the Executive shall only be entitled to any earned but unpaid compensation as well as any other amounts
or benefits owing to Executive under the terms of any employee benefit plan of the Company (the “Accrued Benefits”).
For purposes of this Agreement, Accrued Benefits shall include any unused vacation time which has accrued during the Term in which
the Executive's employment is terminated, but shall not include any accrued vacation from prior Terms.

 

2.2 Non-Renewal
of Agreement or Termination by the Company without Cause or by the Executive for Good Reason. If the Executive’s
employment with the Company is terminated by the Company in connection with a non-renewal of this Agreement without Cause or for
reasons other than Cause, death, “permanent and total disability”” (within the meaning Section 22(e)(3) of the
Code) or is voluntarily terminated by the Executive for Good Reason, then the Executive shall be entitled to the Severance Benefits
as described in Section 2.3 herein as well as his Accrued Benefits.

 

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2.3 Severance
Benefits. In the event that the Executive becomes entitled to receive severance benefits, as provided in Section 2.2 herein,
the Company shall pay and provide the Executive with the following Severance Benefits:

 

	(1)	Within than 35 days after the Date of Termination and for a period of twenty four (24) months after the Date of Termination, one-twelfth (1/12th) of the Executive's then current base salary per month, less any taxes and withholding as may be necessary pursuant to law, to be paid in accordance with the Company's normal payroll practices, but in no event less frequently than monthly. 
	 	 
	(2)	A pro rata portion of any annual bonus that Executive would have been entitled to receive with respect to the fiscal year of termination had his employment had not been terminated, based upon the percentage of the fiscal year that shall have elapsed through the date of Executive’s termination of employment. Such bonus shall be paid at the same time it would have been paid had the Executive's employment not been terminated. 
	 	 
	(3)	To the extent the Executive and his dependents elect coverage under the Company’s health insurance plan pursuant to the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), the Company shall pay the COBRA premium payments of the Executive and his dependents for a period of up to twelve months (12) months after the date of Executive's termination of employment with the Company.
	 	 
	(4)	Executive outplacement services in an amount not to exceed $25,000, to be incurred no later than the end of the second year following the year of termination, and any such reimbursements shall be made no later than the end of the third year following the year of termination. [[

 

As a condition to receiving payments contemplated
by this Article 2.3, within 30 days after the effective date of such termination Executive shall execute and deliver, and not have
revoked: (a) a resignation effective as of the effective date of the general release set forth below, from the Company’s
board of directors and from any other offices or board memberships held in any affiliate of the Company in the from attached hereto
as Exhibit “B”; and (b) a separation agreement and general release in the form attached hereto as Exhibit
“C” (including, but not limited to, all matters relating to his employment with the Company) in favor of the
Company and its affiliates in such form as the Company shall reasonably request. The Severance Benefits shall terminate immediately
upon the Executive violating any of the provisions of Article III of this Agreement. Notwithstanding anything herein to the contrary,
in the event such 30-day period falls into two (2) calendar years, the payments contemplated in this Article 1.3 shall not commence
until the second calendar year and within the above-referenced 30-day period.

 

2.4 Good
Reason. For purposes of this Agreement, "Good Reason” shall mean the occurrence of any of the following, without
the Executive’s prior written consent: (i) a material diminution of Executive's duties or responsibilities, (ii) a material
reduction in Executive's Compensation or Benefits, (iii) a relocation of the Executive’s primary place of employment to a
location more than sixty (60) miles from the location at which the Executive was performing the Executive’s duties immediately
prior to such relocation, (iv) any requirement that the Executive report to anyone other than the Board, or (v) any material breach
of this Agreement. However, none of the foregoing events or conditions will constitute Good Reason unless: (x) the Executive provides
the Company with written objection to the event or condition within 30 days following the occurrence thereof, (y) the Company does
not reverse or cure the event or condition within 30 days of receiving that written objection, and (z) the Executive resigns his
employment within 30 days following the expiration of that cure period.

 

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2.5 Cause.
For purposes of this Agreement, “Cause” shall be deemed to exist upon any of the following events: (i) the Executive’s
conviction of, or plea of nolo contendere, to a felony, (ii) the Executive’s continued substance abuse or insobriety, (iii)
failure to substantially perform Executive’s essential job functions; (iv) failure of Executive to adhere to directives of
the Board, (v) Executive’s material misconduct or gross negligence, (vi) a material violation of any Company policy, or (v)
any material breach of this Agreement. The Board must provide 30 days’ written notice of its intent to terminate the Executive’s
employment for Cause. Prior to being terminated for Cause, the Executive shall have 30 days following the receipt of such written
notice to cure any curable event that would otherwise constitute Cause.

 

ARTICLE 3

RESTRICTIVE COVENANTS

 

3.1 Covenant
not to Solicit. Executive agrees that, for a period of one (1) year following his termination of employment with the Company,
Executive will not directly or indirectly solicit for employment or employ any person, who is or was employed by the Company within
(6) six months prior to his termination date, in any business in which the Executive has a material interest, direct or indirect,
as an officer, partner, shareholder or beneficial owner. Further, Executive will not assist any other person or entity, in hiring
or soliciting such employees, even if Executive does not have a material interest or is an officer, partner, shareholder or owner.

 

3.2 Confidentiality
and Nondisclosure. The Executive will not use or disclose to any individual or entity any Confidential Information (as
defined below) except (i) in the performance of Executive's duties for the Company, (ii) as authorized in writing by the Company,
or (iii) as required by subpoena or court order, provided that, prior written notice of such required disclosure is provided to
the Company and, provided further that all reasonable efforts to preserve the confidentiality of such information shall be made.
As used in this Agreement, “Confidential Information” shall mean information that (i) is used or potentially useful
in the business of the Company, (ii) the Company treats as proprietary, private or confidential, and (iii) is not generally known
to the public. “Confidential Information” includes, without limitation, information relating to the Company's products
or services, processing, manufacturing, marketing, selling, customer lists, call lists, customer data, memoranda, notes, records,
technical data, sketches, plans, drawings, chemical formulae, trade secrets, composition of products, research and development
data, sources of supply and material, operating and cost data, financial information, personal information and information contained
in manuals or memoranda. “Confidential Information” also includes proprietary and/or confidential information of the
Company's customers, suppliers and trading partners who may share such information with the Company pursuant to a confidentiality
agreement or otherwise. The Executive agrees to treat all such customer, supplier or trading partner information as “Confidential
Information” hereunder. The foregoing restrictions on the use or disclosure of Confidential Information shall continue after
Executive's employment terminates for any reason for so long as the information is not generally known to the public. Nothing in
this Agreement prohibits Executive from disclosing a Company trade secret (i) in confidence to a Federal, State, or local government
official, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law or (ii) in a complaint
or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Moreover, if Executive files a lawsuit
for retaliation by an employer for reporting a suspected violation of law, Executive may disclose an Employer trade secret to the
Executive’s attorney and use the trade secret information in the court proceeding if Executive files any document containing
the trade secret under seal and does not disclose the trade secret except pursuant to court order.

 

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3.3 Non-Disparagement.
The Executive will not at any time during his employment with the Company, or after the termination of his employment with the
Company, directly or indirectly (i) disparage, libel, defame, ridicule or make negative comments regarding, or encourage or induce
others to disparage, libel, defame, ridicule or make negative comments regarding, the Company, or any of the Company's officers,
directors, employees or agents, or the Company's products, services, business plans or methods; or (ii) engage in any conduct or
encourage or induce any other person to engage in any conduct that is in any way injurious or potentially injurious to the reputation
or interests of the Company or any of the Company's, officers, directors, employees or agents.

 

3.4 Restrictions
Reasonable. Executive acknowledges that the restrictions under this Article II are substantial, and may effectively prohibit
him from working for a period of one year in the field of his experience and expertise. Executive further acknowledges that he
has been given access and shall continue to be given access to all of the Confidential Matters and trade secrets described above
during the course of his employment, and therefore, the restrictions are reasonable and necessary to protect the competitive business
interests and goodwill of the Company and do not cause Executive undue hardship.

 

3.5 Survival
of Restrictive Covenants. Executive’s obligations under this Agreement shall survive Executive's termination of employment
with the Company and the termination of this Agreement.

 

3.6 Equitable
Relief. Executive hereby acknowledges and agrees that the Company and its goodwill would be irreparably injured by, and
that damages at law are an insufficient remedy for, a breach or violation of the provisions of this Agreement, and agrees that
the Company, in addition to other remedies available to it for such breach shall be entitled to a preliminary injunction, temporary
restraining order, or other equivalent relief, restraining Executive from any actual breach of the provisions hereof, and that
the Company’s rights to such equitable relief shall be cumulative and in addition to any other rights or remedies to which
the Company may be entitled.

 

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ARTICLE 4

MISCELLANEOUS

 

4.1 Entire
Agreement. This Agreement contains the entire understanding of the Company and the Executive with respect to the subject
matter hereof.

 

4.2 Prior
Agreement. This Agreement supersedes and replaces any prior oral or written employment or severance agreement between the
Executive and the Company.

 

4.3 Subsidiaries.
Where appropriate in this Agreement, including all of Article 2, the term "Company" shall also include any direct or
indirect subsidiaries of the Company.

 

4.4 Compliance
with Code Section 409A.

 

	(1)	General. It is the intention of both the Company and Executive that the benefits and rights to which Executive could be entitled pursuant to this Agreement comply with Section 409A of the Internal Revenue Code, and its implementing regulations and guidance (“Section 409A”), to the extent that the requirements of Section 409A are applicable thereto, and the provisions of this Agreement shall be construed in a manner consistent with that intention.
	 	 
	(2)	Distributions on Account of Separation from Service. If and to the extent required to comply with any payment or benefit required to be paid under this Agreement on account of termination of Executive’s employment, service (or any other similar term) shall be made only in connection with a “separation from service” with respect to Executive within the meaning of Section 409A.

 

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	(3)	Six Month Delay for Specified Employees. In the event that the Executive is a “specified employee” (as described in Section 409A), and any payment or benefit payable pursuant to this Agreement constitutes deferred compensation subject to the six-month delay requirement described in Section 409A(2)(b), then no such payment or benefit shall be made before six months after the Executive’s “separation from service” (as described in Section 409A) (or, if earlier, the date of the Executive’s death). Any payment or benefit delayed by reason of the prior sentence shall be paid out or provided in a single lump sum at the end of such required delay period in order to catch up to the original payment schedule.
	 	 
	(4)	Treatment of Each Installment as a Separate Payment. For purposes of applying the provisions of Section 409A to this Agreement, each separately identified amount to which the Executive is entitled under this Agreement shall be treated as a separate payment. In addition, to the extent permissible under Section 409A, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments.

 

4.5 Severability.
It is mutually agreed and understood by the parties that should any of the restrictions and covenants contained in Article 3 be
determined by any court of competent jurisdiction to be invalid by virtue of being vague, overly broad, unreasonable as to time,
territory or otherwise, then the Agreement shall be amended retroactive to the date of its execution to include the terms and conditions
which such court deems to be reasonable and in conformity with the original intent of the parties and the parties hereto consent
that under such circumstances, such court shall have the power and authority to determine what is reasonable and in conformity
with the original intent of the parties to the extent that such restrictions and covenants are enforceable. In the event any other
provision of this Agreement shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the
remaining parts of the Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision had
not been included.

 

4.6 Modification.
No provision of this Agreement may be modified, waived, or discharged unless such modification, waiver, or discharge is agreed
to in writing and signed by the Executive and by an authorized officer of the Company on the Company’s behalf, or by the
respective parties’ legal representations and successors.

 

4.7 Dispute
Resolution & Applicable Law. All disputes regarding this agreement shall resolved by arbitration to be administered
by the American Association of Arbitration in Oklahoma City, Oklahoma in accordance with the AAA’s “Employment Arbitration
Rules and Mediation Procedures. To the extent not preempted by the laws of the United States, the terms and provisions of this
agreement are governed by and shall be interpreted in accordance with, the laws of Oklahoma, without giving effect to any choice
of law principles, except that this arbitration provision shall be governed solely by the Federal Arbitration Act.

 

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4.8 Legal
Fees and Expenses. The prevailing party any arbitration to enforce the terms of this Agreement shall be entitled to recover
reasonable costs and expenses, including attorneys’ fees.

 

4.9 Successors
and Assigns. This Agreement shall inure to the benefit of and be enforceable by the Company's successors and/or assigns.

 

4.10 Headings/References.
The headings in this Agreement are inserted for convenience only and shall not be deemed to constitute a part hereof nor to affect
the meaning thereof.

 

4.11 Notices.
Any notice, request, instruction, or other document to be given hereunder shall be in writing and shall be deemed to have been
given: (a) on the day of receipt, if sent by overnight courier; (b) upon receipt, if given in person; (c) five days after being
deposited in the mail, certified or registered mail, postage prepaid, and in any case addressed as follows:

 

If to the Company:

14504 Hertz Quail Springs
Blvd

Oklahoma City, OK 73134

Attn: General Counsel

 

with copy sent to the attention of the
Chairman of the Board of Directors at the same address

 

If to the Executive:

[             ]

 

or to such other address or to the attention
of such other person as the recipient party has specified by prior written notice to the sending party.

 

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IN WITNESS WHEREOF,
the parties have executed this Agreement on this ___ day of _________ 2019.

 

	 	BRICKTOWN RESTAURANT GROUP
	 	 	 
	 	By:	        
	 	Name: 	 
	 	Title:	 

 

Acknowledged and Agreed:

 

	 	 
	[             ], 	Executive	 

 

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EXHIBIT A

EXECUTIVE’S COMPENSATION AND BENEFITS

 

	1.	Base Salary:  $[           ] (or any increased amount approved by the Compensation Committee).
	 	 
	2.	Short Term Incentive: Target opportunity equal to at least[         ]% of Base Salary intended to qualify as performance-based compensation under Internal Revenue Code section 162(m).
	 	 
	3.	Long Term Incentive: Executive eligible to participate in any program intended to qualify as performance-based compensation under Internal Revenue Code section 162(m) existing from time to time for its executives. Executive currently eligible to an annual grant of equity compensation in the amount of $[         ].
	 	 
	4.	Vacation Time:  [           ] weeks per year, increasing to [           ]  weeks per year after Executive’s fifth year of service with the Company. Executive may not carry over any unused vacation from prior years.
	 	 
	5.	Health & Welfare Benefits: Executive eligible to participate in all health and welfare benefits provided to other employees of the Company (other than any severance plans).
	 	 
	6.	Retirement Benefits: Executive eligible to participate in all retirement benefits provided to other employees of the Company.

  

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EXHIBIT B

FORM OF RESIGNATION

 

Board of Managers [Directors]

Bricktown Restaurant Group LLC [or its successor]

14504 Hertz Quail Springs Blvd

Oklahoma City, OK 73134

Attn: Chairman of the Board

 

I hereby resign, effective upon the effective
date of the “General Release of Claims” that I have executed pursuant to my Employment Agreement with Bricktown Restaurant
Group LLC (the “Company”) [or its successor] from my membership in the Company’s Board of [Managers] [Directors]

 

	 	Sincerely,
	 	 
	 	 
	 	[         ]

 

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EXHIBIT C

FORM OF RELEASE

GENERAL RELEASE OF CLAIMS

 

1. ________________
(“Executive”), for himself and his family, heirs, executors, administrators, legal representatives and their
respective successors and assigns, in exchange for the Severance Benefits, as defined under the Executive Employment Agreement
made and entered effective as of the ___ day of ______________, by and between Bricktown Restaurant Group, LLC [or its successor],
(the “Company”) and ____________ (the “Executive”), to which this release is attached as Exhibit C (the
“Employment Agreement”), does hereby release and forever discharge the Company, its subsidiaries, affiliated
companies, successors and assigns, and its current or former directors, officers or shareholders in such capacities (collectively
with the Company, the “Released Parties”) from any and all actions, causes of action, suits, controversies,
claims and demands whatsoever, for or by reason of any matter, cause or thing whatsoever, whether known or unknown including, but
not limited to, all claims under any applicable laws arising under or in connection with Executive’s employment or termination
thereof, whether for tort, breach of express or implied employment contract, wrongful discharge, intentional infliction of emotional
distress, or defamation or injuries incurred on the job or incurred as a result of loss of employment. Executive acknowledges that
the Company encouraged him to consult with an attorney of his choosing, and through this General Release of Claims encourages him
to consult with his attorney with respect to possible claims under the Age Discrimination in Employment Act (“ADEA”)
and that he understands that the ADEA is a Federal statute that, among other things, prohibits discrimination on the basis of age
in employment and employee benefits and benefit plans. Without limiting the generality of the release provided above, Executive
expressly waives any and all claims under ADEA that he may have as of the date hereof. Executive further understands that by signing
this General Release of Claims he is in fact waiving, releasing and forever giving up any claim under the ADEA as well as all other
laws within the scope of this paragraph 1 that may have existed on or prior to the date hereof. Notwithstanding anything in this
paragraph 1 to the contrary, this General Release of Claims shall not apply to (i) any rights to receive any payments or benefits
to which Executive is entitled under COBRA, the Employment agreement or any other compensation or employee benefit plans in which
Executive is eligible to participate at the time of execution of this General Release of Claims, (ii) any rights or claims that
may arise as a result of events occurring after the date this General Release of Claims is executed, any indemnification and advancement
rights Executive may have as a former employee, officer or director of the Company or its subsidiaries or affiliated companies
including, without limitation, any rights arising pursuant to the articles of incorporation, bylaws and any other organizational
documents of the Company or any of its subsidiaries, (iii) any claims for benefits under any directors’ and officers’
liability policy maintained by the Company or its subsidiaries or affiliated companies in accordance with the terms of such policy,
and (iv) any rights as a holder of equity securities of the Company (clauses (i) through (iv), the "Reserved Claims").

 

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2. Executive
represents that he has not filed against the Released Parties any complaints, charges, or lawsuits arising out of his employment,
or any other matter arising on or prior to the date of this General Release of Claims other than Reserved Claims, and covenants
and agrees that he will never individually or with any person file, or commence the filing of any lawsuits, complaints or proceedings
with any governmental agency, or against the Released Parties with respect to any of the matters released by Executive pursuant
to paragraph 1 hereof (a “Proceeding”); provided, however, Executive shall not have relinquished
his right to (i) commence a Proceeding to challenge whether Executive knowingly and voluntarily waived his rights under ADEA; (ii)
file a charge with an administrative agency or take part in any agency investigation or (iii) commence a Proceeding pursuant to
the Reserved Claims. Executive does agree, however, that he is waiving his right to recover any money in connection with such an
investigation or charge filed by him or by any other individual, or a charge filed by the Equal Employment Opportunity Commission
or any other federal, state or local agency, except as prohibited by law.

 

3. Executive
hereby acknowledges that the Company has informed him that he has up to twenty-one (21) days to sign this General Release of Claims
and he may knowingly and voluntarily waive that twenty-one (21) day period by signing this General Release of Claims earlier. Executive
also understands that he shall have seven (7) days following the date on which he signs this General Release of Claims within which
to revoke it by providing a written notice of his revocation to the Company.

 

4. Executive
acknowledges that this General Release of Claims will be governed by and construed and enforced in accordance with the internal
laws of the laws of Texas, without giving effect to any choice of law principles.

 

5. Executive
acknowledges that he has read this General Release of Claims, that he has been advised that he should consult with an attorney
before he executes this general release of claims, and that he understands all of its terms and executes it voluntarily and with
full knowledge of its significance and the consequences thereof.

 

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6. This
General Release of Claims shall take effect on the eighth day following Executive’s execution of this General Release of
Claims unless Executive’s written revocation is delivered to the Company within seven (7) days after such execution.

 

	 	EXECUTIVE
	 	 
	 	 
	 	[     ]

 

 

14Exhibit 10.3

 

BRICKTOWN
RESTAURANT GROUP, INC.

2019
SHARE INCENTIVE PLAN

 

1. 
Purpose. The Bricktown Restaurant Group, Inc., 2019 Share Incentive Plan (the “Plan”) is intended to provide
incentives which will attract, retain and motivate highly competent persons as officers, employees and non-employee directors
(“Director Participants”), of, and consultants to, Bricktown Restaurant Group, Inc. (the “Company”), and its
subsidiaries and affiliates, by providing them opportunities to acquire shares of the Company’s common stock, par value [$0.001]
per share (the “Common Stock”), or to receive monetary payments based on the value of such shares pursuant to the Benefits
(as defined below) described herein. Additionally, the Plan is intended to assist in further aligning the interests of the Company’s
officers, employees and consultants to those of its other stockholders.

 

2. 
Administration.

 

a. 
The Plan will be administered by a committee (the “Committee”) appointed by the Board of Directors of the Company from
among its members (which may be the Compensation Committee) and shall be comprised, unless otherwise determined by the Board of
Directors, solely of not less than two members who shall be (i) “Non-Employee Directors” within the meaning of Rule
16b 3(b)(3) (or any successor rule) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)
and (ii) “outside directors” within the meaning of Treasury Regulation Section 1.162-27(e)(3) under Section 162(m) of
the Internal Revenue Code of 1986, as amended (the “Code”). The Committee is authorized, subject to the provisions of
the Plan, to establish such rules and regulations as it deems necessary for the proper administration of the Plan and to make
such determinations and interpretations and to take such action in connection with the Plan and any Benefits granted hereunder
as it deems necessary or advisable. All determinations and interpretations made by the Committee shall be binding and conclusive
on all participants and their legal representatives. No member of the Committee and no employee of the Company shall be liable
for any act or failure to act hereunder, except in circumstances involving his or her bad faith, gross negligence or willful misconduct,
or for any act or failure to act hereunder by any other member or employee or by any agent to whom duties in connection with the
administration of this Plan have been delegated. The Company shall indemnify members of the Committee and any agent of the Committee
who is an employee of the Company, a subsidiary or an affiliate against any and all liabilities or expenses to which they may
be subjected by reason of any act or failure to act with respect to their duties on behalf of the Plan, except in circumstances
involving such person’s bad faith, gross negligence or willful misconduct.

 

b. 
The Committee may delegate to one or more of its members, or to one or more agents, such administrative duties as it may deem
advisable, and the Committee, or any person to whom it has delegated duties as aforesaid, may employ one or more persons to render
advice with respect to any responsibility the Committee or such person may have under the Plan. The Committee may employ such
legal or other counsel, consultants and agents as it may deem desirable for the administration of the Plan and may rely upon any
opinion or computation received from any such counsel, consultant or agent. Expenses incurred by the Committee in the engagement
of such counsel, consultant or agent shall be paid by the Company, or the subsidiary or affiliate whose employees have benefited
from the Plan, as determined by the Committee.

 

3. 
Participants. Participants will consist of such officers, employees and Director Participants of, and such consultants
to, the Company and its subsidiaries and affiliates as the Committee in its sole discretion determines to be significantly responsible
for the success and future growth and profitability of the Company and whom the Committee may designate from time to time to receive
Benefits under the Plan. Designation of a participant in any year shall not require the Committee to designate such person to
receive a Benefit in any other year or, once designated, to receive the same type or amount of Benefit as granted to the participant
in any other year. The Committee shall consider such factors as it deems pertinent in selecting participants and in determining
the type and amount of their respective Benefits.

 

     

     

    

 

4. 
Type of Benefits. Benefits under the Plan may be granted in any one or a combination of (a) Stock Options, (b) Stock Appreciation
Rights, (c) Stock Awards, (d) Performance Awards and (e) Stock Units (each as described below, and collectively, the “Benefits”).
Stock Awards, Performance Awards, and Stock Units may, as determined by the Committee in its discretion, constitute Performance-Based
Awards, as described in Section 12 hereof. Benefits shall be evidenced by agreements (which need not be identical) in such forms
as the Committee may from time to time approve; provided, however, that in the event of any conflict between the provisions of
the Plan and any such agreements, the provisions of the Plan shall prevail.

 

5. 
Common Stock Available Under the Plan. The maximum aggregate number of shares of Common Stock that may be subject to Benefits,
including Stock Options, granted under this Plan shall be [ ] shares, which may be authorized and unissued or treasury shares,
subject to any adjustments in accordance with Section 15 hereof. Any shares of Common Stock subject to a Stock Option or Stock
Appreciation Right which for any reason is cancelled or terminated without having been exercised, any shares subject to Stock
Awards, Performance Awards or Stock Units which are forfeited, any shares subject to Performance Awards settled in cash, any shares
delivered to the Company as part or full payment for the exercise of a Stock Option or Stock Appreciation Right or any shares
delivered to the Company in satisfaction of any tax withholding arising in connection with any Benefit consisting of shares of
Common Stock, as the case may be, shall again be available for Benefits under the Plan.

 

6. 
Stock Options. Stock Options will consist of awards from the Company that will enable the holder to purchase a number of
shares of Common Stock, at set terms. Stock Options may be “incentive stock options”, within the meaning of Section
422 of the Code (“Incentive Stock Options”), or Stock Options which do not constitute Incentive Stock Options (“Nonqualified
Stock Options”); provided, however, that grants of Incentive Stock Options may only be made to employees of the Company,
a subsidiary corporation or parent corporation and that Incentive Stock Option grants made prior to approval of the grant of Incentive
Stock Options under the Plan by stockholders of the Company shall be subject to such approval and provided, further, that if stockholder
approval of the grant of Incentive Stock Options under the Plan is not obtained within twelve months of adoption of the Plan by
the Board of Directors, any Stock Option granted during the twelve month period after adoption of the Plan by the Board of Directors
that is designated as an Incentive Stock Option shall be treated thereafter as Nonqualified Stock Option. The Committee will have
the authority to grant to any participant, including officers, employees, Director Participants, and consultants, Nonqualified
Stock Options, or, for those participants who are employees of the Company, a subsidiary corporation or parent corporation both
types of Stock Options (in each case with or without Stock Appreciation Rights). Each Stock Option shall be subject to such terms
and conditions consistent with the Plan as the Committee may impose from time to time, subject to the following limitations:

 

a. 
Exercise Price. Each Stock Option granted hereunder shall have such per-share exercise price as the Committee may determine
at the date of grant provided that such per share exercise price shall be at least equal to the Fair Market Value; subject to
subsection (d), below.

 

    2

     

    

 

b. 
Payment of Exercise Price. The option exercise price may be paid in cash or, in the discretion of the Committee, by the
delivery of shares of Common Stock of the Company then owned by the participant, or by delivery to the Company of (x) irrevocable
instructions to deliver directly to a broker the stock certificates representing the shares for which the Stock Option is being
exercised, and (y) irrevocable instructions to such broker to sell such shares for which the Stock Option is being exercised,
and promptly deliver to the Company the portion of the proceeds equal to the Stock Option exercise price and any amount necessary
to satisfy the Company’s obligation for withholding taxes, or any combination thereof. For purposes of making payment in shares
of Common Stock, such shares shall be valued at their Fair Market Value (as defined below) on the date of exercise of the Stock
Option and shall have been held by the participant for at least six months. To facilitate the foregoing, the Company may enter
into agreements for coordinated procedures with one or more brokerage firms. The Committee may prescribe any other method of paying
the exercise price that it determines to be consistent with applicable law and the purpose of the Plan, including, without limitation,
in lieu of the exercise of a Stock Option by delivery of shares of Common Stock of the Company then owned by a participant, providing
the Company with a notarized statement attesting to the number of shares owned, where upon verification by the Company, the Company
would issue to the participant only the number of incremental shares to which the participant is entitled upon exercise of the
Stock Option. The Committee may, at the time of grant, provide for the grant of a subsequent Restoration Stock Option if the exercise
price is paid for by delivering previously owned shares of Common Stock of the Company. Restoration Stock Options (i) may be granted
in respect of no more than the number of shares of Common Stock tendered in exercising the predecessor Stock Option, (ii) shall
have an exercise price equal to the Fair Market Value on the date the Restoration Stock Option is granted, and (iii) may have
an exercise period that does not extend beyond the remaining term of the predecessor Stock Option. In determining which methods
a participant may utilize to pay the exercise price, the Committee may consider such factors as it determines are appropriate.

 

c. 
Exercise Period. Stock Options granted under the Plan shall be exercisable at such time or times and subject to such terms
and conditions as shall be determined by the Committee; provided, however, that no Stock Option shall be exercisable later than
ten years after the date it is granted. All Stock Options shall terminate at such earlier times and upon such conditions or circumstances
as the Committee shall in its discretion set forth in such option agreement at the date of grant; provided, however, the Committee
may, in its sole discretion, later waive any such condition.

 

d. 
Limitations on Incentive Stock Options. Incentive Stock Options may be granted only to participants who are employees of
the Company or one of its subsidiaries (within the meaning of Section 424(f) of the Code) at the date of grant. The aggregate
Fair Market Value (determined as of the time the Stock Option is granted) of the Common Stock with respect to which Incentive
Stock Options are exercisable for the first time by a participant during any calendar year (under all option plans of the Company
and of any parent corporation or subsidiary corporation (as defined in Sections 424(e) and (f) of the Code, respectively)) shall
not exceed $100,000. For purposes of the preceding sentence, Incentive Stock Options will be taken into account in the order in
which they are granted. The per-share exercise price of an Incentive Stock Option shall not be less than 100% of the Fair Market
Value of the Common Stock on the date of grant, and no Incentive Stock Option may be exercised later than ten years after the
date it is granted; provided, however, Incentive Stock Options may not be granted to any participant who, at the time of grant,
owns stock possessing (after the application of the attribution rules 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 parent or subsidiary corporation of the Company, unless the
exercise price is fixed at not less than 110% of the Fair Market Value of the Common Stock on the date of grant and the exercise
of such option is prohibited by its terms after the expiration of five years from the date of grant of such option.

 

e. 
Post-Severance Exercises. Upon termination of employment of any employee, termination of service on the Board of Directors
of a Director Participant or of the continuing services of any consultant with the Company and all subsidiary corporations and
parent corporations of the Company, any Stock Option previously granted to the employee, Director Participant or consultant, unless
otherwise specified by the Committee in the Stock Option agreement, shall, to the extent not theretofore exercised, terminate
and become null and void; provided, however, that:

 

i. 
if the employee, Director Participant or consultant shall die while in the employ or service of such corporation or at a time
when such employee, Director Participant or consultant was entitled to exercise a Stock Option as herein provided, the legal representative
of such employee, Director Participant or consultant, or such person who acquired such Stock Option by bequest or inheritance
or by reason of the death of the employee, Director Participant or consultant, may, not later than one (1) year from the date
of death, exercise such Stock Option, to the extent not theretofore exercised, in respect of any or all of such number of shares
of Common Stock as specified by the Committee in such Stock Option; and

 

    3

     

    

 

ii. 
if the employment of any employee or the continuing services of any Director Participant or consultant to whom such Stock Option
shall have been granted shall terminate by reason of the employee’s, Director Participant’s or consultant’s retirement (at such
age or upon such conditions as shall be specified by the Committee), disability (as described in Section 22(e)(3) of the Code)
or dismissal by the employer other than for cause (as defined below), and while such employee, Director Participant or consultant
is entitled to exercise such Stock Option as herein provided, such employee, Director Participant or consultant shall have the
right to exercise such Stock Option so granted in respect of any or all of such number of shares as specified by the Committee
in such Stock Option, at any time up to and including ninety (90) days after the date of such termination.

 

In
no event, however, shall any person be entitled to exercise any Stock Option after the expiration of the period of exercisability
of such Stock Option or Right, as specified in such option agreement at the date of grant.

 

If
an employee, Director Participant or consultant voluntarily terminates his or her employment or continuing services, or is discharged
“for cause”, any Stock Option granted hereunder shall, unless otherwise specified by the Committee in the option agreement,
forthwith terminate with respect to any unexercised portion thereof.

 

If
a Stock Option granted hereunder shall be exercised by the legal representative of a deceased grantee or by a person who acquired
a Stock Option granted hereunder by bequest or inheritance or by reason of the death of any employee, Director Participant or
consultant or former employee, former Director Participant or former consultant, written notice of such exercise shall be accompanied
by a certified copy of letters testamentary or equivalent proof of the right of such legal representative or other person to exercise
such Stock Option.

 

For
the purposes of the Plan, the term “for cause” shall mean (a) with respect to an employee, Director Participant or consultant
who is a party to a written service agreement with, or, alternatively, participates in a compensation or benefit plan of the Company
or a subsidiary corporation or parent corporation of the Company, which agreement or plan contains a definition of “for cause”
or “cause” (or words of like import) for purposes of termination of employment or services thereunder by the Company
or such subsidiary corporation or parent corporation of the Company, “for cause” or “cause” as defined therein;
or (b) in all other cases, as determined by the Committee or the Board of Directors, in its sole discretion, (i) the willful commission
by an employee, Director Participant or consultant of an act that causes or may cause substantial damage to the Company or a subsidiary
corporation or parent corporation of the Company; (ii) the commission by an employee, Director Participant or consultant of an
act of fraud in the performance of such employee’s or consultant’s duties on behalf of the Company or a subsidiary corporation
or parent corporation of the Company; (iii) conviction of the employee, Director Participant or consultant for commission of a
felony in connection with the performance of his duties on behalf of the Company or a subsidiary corporation or parent corporation
of the Company; or (iv) the continuing failure of an employee, Director Participant or consultant to perform the duties of such
employee, Director Participant or consultant to the Company or a subsidiary corporation or parent corporation of the Company after
written notice thereof and a reasonable opportunity to be heard and cure such failure are given to the employee, Director Participant
or consultant by the Committee.

 

    4

     

    

 

For
the purposes of the Plan, an employment relationship shall be deemed to exist between an individual and a corporation if, at the
time of the determination, the individual was an “employee” of such corporation for purposes of Section 422(a) of the
Code. If an individual is on leave of absence taken with the consent of the corporation by which such individual was employed,
or is on active military service, and is determined to be an “employee” for purposes of the exercise of a Stock Option,
such individual shall not be entitled to exercise such Stock Option during such period unless such individual shall have obtained
the prior written consent of such corporation, which consent shall be signed by the chairman of the board of directors, the president,
a senior vice-president or other duly authorized officer of such corporation.

 

A
termination of employment or services shall not be deemed to occur by reason of (i) the transfer of an employee or consultant
from employment or retention by the Company to employment or retention by a subsidiary corporation or a parent corporation of
the Company or (ii) the transfer of an employee or consultant from employment or retention by a subsidiary corporation or a parent
corporation of the Company to employment or retention by the Company or by another subsidiary corporation or parent corporation
of the Company. Termination of a consultant’s services shall be considered to occur when he ceases to perform services on a regular
basis; provided, however, termination of a consultant’s services shall not be deemed to occur where the termination of services
is due to such consultant becoming an employee of the Company or a subsidiary corporation or a parent corporation.

 

In
the event an employee changes status to a consultant, all Stock Option grants shall continue for the remainder of the exercise
period, provided, however, any Incentive Stock Options shall, three (3) months after termination of employment, be treated as
a Nonqualified Stock Option for the remainder of the exercise period.

 

In
the event of the complete liquidation or dissolution of a subsidiary corporation, or if such corporation ceases to be a subsidiary
corporation, any unexercised Stock Options theretofore granted to any person employed by or rendering consulting services to such
subsidiary corporation will be deemed cancelled unless such person is employed by or renders continuing services to the Company
or by any parent corporation or another subsidiary corporation after the occurrence of such event. If a Stock Option is to be
cancelled pursuant to the provisions of the previous sentence, notice of such cancellation will be given to each employee or consultant
holding unexercised Stock Options, and such holder will have the right to exercise such Stock Options in full during the thirty
(30) day period following notice of such cancellation.

 

f. 
Each Stock Option issued under this Section 6 shall be fully vested and exercisable, unless otherwise specified in the grant agreement.

 

7. 
Automatic Stock Option Grants to Director Participants.

 

a. 
Subject to the terms and conditions of this Section 7, each year on the date of the Company’s annual meeting of stockholders,
each person who is a Director Participant of the Company at that time shall automatically be granted a Nonqualified Stock Option
to purchase [         ] shares of Common Stock.

 

b. 
The purchase price of the shares of Common Stock covered by the Nonqualified Stock Options granted pursuant to this Section 7
shall be the Fair Market Value of such shares of Common Stock on the date of grant.

 

    5

     

    

 

c. 
A Nonqualified Stock Option granted to any Director Participant of the Company shall vest and become exercisable in four equal
quarterly installments on the last day of each calendar quarter beginning with the calendar quarter during which the Nonqualified
Stock Option is granted.

 

d. 
If a Director Participant’s service as a director of the Company terminates, any Nonqualified Stock Option previously granted
to such Director Participant shall, to the extent not theretofore exercised, terminate and become null and void; provided, however,
that:

 

i. 
if a Director Participant holding an outstanding Nonqualified Stock Option dies, such Nonqualified Stock Option shall, to the
extent not theretofore exercised, remain exercisable for one (1) year after such Director Participant’s death, by such Director
Participant’s legatee, distributee, guardian or legal or personal representative; and

 

ii. 
if the service of a Director Participant to whom such Nonqualified Stock Option shall have been granted shall terminate by reason
of (i) such Director Participant’s disability (as described in Section 22(e)(3) of the Code), (ii) voluntary retirement from service
as a director of the Company, or (iii) failure of the Company to retain or nominate for re-election such Director Participant
who is otherwise eligible, unless due to any act of (A) fraud or intentional misrepresentation, or (B) embezzlement, misappropriation
or conversion of assets or opportunities of the Company or any direct or indirect subsidiary of the Company, while such Director
Participant is entitled to exercise such Nonqualified Stock Option as herein provided, such Director Participant shall have the
right to exercise such Nonqualified Stock Option so granted in respect of any or all of such number of shares of Common Stock
subject to such Nonqualified Stock Option at any time up to and including ninety (90) days after the date of such termination
of service; and

 

iii. 
if the Director Participant shall die during the ninety (90) day period, specified in clause (ii) above and at a time when such
Director Participant was entitled to exercise a Nonqualified Stock Option as herein provided, the legal representative of such
Director Participant, or such person who acquired such Nonqualified Stock Option by bequest or inheritance or by reason of the
death of the Director Participant may, not later than one (1) year from the date of death, exercise such Nonqualified Stock
Option, to the extent not theretofore exercised, in respect of any or all of such number of Shares subject to such Nonqualified
Stock Option.

 

In
no event, however, shall a Director Participant be entitled to exercise any Stock Option issued under this Section 7 after the
expiration of the period of exercisability of such Stock Option, as specified therein.

 

e. 
A Director Participant may receive automatic Stock Option grants under this Section 7 and Stock Option grants under Section 6.

 

8. 
Stock Appreciation Rights.

 

a. 
The Committee may, in its discretion, grant Stock Appreciation Rights to the holders of any Stock Options granted hereunder. In
addition, Stock Appreciation Rights may be granted independently of, and without relation to, Stock Options. A Stock Appreciation
Right means a right to receive a payment in cash, Common Stock or a combination thereof, in an amount equal to the excess of (x)
the Fair Market Value, or other specified valuation, of a specified number of shares of Common Stock on the date the right is
exercised over (y) the Fair Market Value, or other specified valuation (which shall be no less than the Fair Market Value) of
such shares of Common Stock on the date the right is granted, all as determined by the Committee; provided, however, that if a
Stock Appreciation Right is granted in substitution for a Stock Option, the designated Fair Market Value in the award agreement
may be the Fair Market Value on the date such Stock Option was granted. Each Stock Appreciation Right shall be fully vested unless
otherwise specified in the grant agreement. Each Stock Appreciation Right shall be subject to such terms and conditions as the
Committee shall impose from time to time.

 

    6

     

    

 

b. 
Stock Appreciation Rights granted under the Plan shall be exercisable at such time or times and subject to such terms and conditions
as shall be determined by the Committee; provided, however, that no Stock Appreciation Rights shall be exercisable later than
ten years after the date it is granted. All Stock Appreciation Rights shall terminate at such earlier times and upon such conditions
or circumstances as the Committee shall in its discretion set forth in such right at the date of grant.

 

c. 
The exercise of any Stock Appreciation Right after termination of employment of a participant with the Company, a subsidiary of
the Company or with any company providing consulting services to the Company shall be subject to the same terms and conditions
as set forth in Section 6(e) above.

 

9. 
Stock Awards. The Committee may, in its discretion, grant Stock Awards (which may include mandatory payment of bonus incentive
compensation in stock) consisting of Common Stock issued or transferred to participants with or without other payments therefor.
Stock Awards may be subject to such terms and conditions as the Committee determines appropriate, including, without limitation,
restrictions on the sale or other disposition of such shares, the right of the Company to reacquire such shares for no consideration
upon termination of the participant’s employment, and may constitute Performance-Based Awards, as described in Section 12 hereof.
Each Stock Award shall be fully vested unless otherwise specified in the grant agreement. The Committee may require the participant
to deliver a duly signed stock power, endorsed in blank, relating to the Common Stock covered by such an Award. The Committee
may also require that the stock certificates evidencing such shares be held in custody or bear restrictive legends until the restrictions
thereon shall have lapsed. The Stock Award shall specify whether the participant shall have, with respect to the shares of Common
Stock subject to a Stock Award, all of the rights of a holder of shares of Common Stock of the Company, including the right to
receive dividends and to vote the shares.

 

10. 
Performance Awards.

 

a. 
Performance Awards may be granted to participants at any time and from time to time, as shall be determined by the Committee.
Performance Awards may constitute Performance-Based Awards, as described in Section 12 hereof. The Committee shall have complete
discretion in determining the number, amount and timing of awards granted to each participant. Such Performance Awards may be
in the form of shares of Common Stock or Stock Units. Performance Awards may be awarded as short-term or long-term incentives.
Performance targets may be based upon, without limitation, Company-wide, divisional and/or individual performance.

 

b. 
With respect to those Performance Awards that are not intended to constitute Performance-Based Awards, the Committee shall have
the authority at any time to make adjustments to performance targets for any outstanding Performance Awards which the Committee
deems necessary or desirable unless at the time of establishment of such targets the Committee shall have precluded its authority
to make such adjustments.

 

c. 
Payment of earned Performance Awards shall be made in accordance with terms and conditions prescribed or authorized by the Committee.
The participant may elect to defer, or the Committee may require or permit the deferral of, the receipt of Performance Awards
upon such terms as the Committee deems appropriate.

 

    7

     

    

 

11. 
Stock Units.

 

a. 
The Committee may, in its discretion, grant Stock Units to participants hereunder. The Committee shall determine the criteria
for the vesting of Stock Units. Stock Units may constitute Performance Based Awards, as described in Section 12 hereof. A Stock
Unit granted by the Committee shall provide payment at such time as the award agreement shall specify. Shares of Common Stock
issued pursuant to this Section 11 may be issued with or without other payments therefor as may be required by applicable law
or such other consideration as may be determined by the Committee. The Committee shall determine whether a participant granted
a Stock Unit shall be entitled to a Dividend Equivalent Right (as defined below).

 

b. 
Upon vesting of a Stock Unit, unless the participant has elected to defer payment under subsection (c) below, shares of Common
Stock representing the Stock Units shall be distributed to the participant unless the Committee provides for the payment of the
Stock Units in cash or partly in cash and partly in shares of Common Stock equal to the value of the shares of Common Stock which
would otherwise be distributed to the participant.

 

c. 
A participant may elect not to receive a distribution upon the vesting of such Stock Unit and for the Company to continue to maintain
the Stock Unit on its books of account. Any such election shall be in conformity with Code Section 409A and in such event, the
value of a Stock Unit shall be payable in shares of Common Stock pursuant to the agreement of deferral.

 

d. 
A “Stock Unit” means a notional account representing one share of Common Stock. A “Dividend Equivalent Right”
means the right to receive the amount of any dividend paid on the share of Common Stock underlying a Stock Unit, which shall be
payable in cash or in the form of additional Stock Units.

 

12. 
Performance-Based Awards. Certain Benefits granted under the Plan may be granted in a manner such that the Benefits qualify
for the performance-based compensation exemption of Section 162(m) of the Code (“Performance-Based Awards”). As determined
by the Committee in its sole discretion, either the granting or vesting of such Performance-Based Awards shall be based on achievement
of hurdle rates and/or growth rates in one or more business criteria that apply to the individual participant, one or more business
units or the Company as a whole. The business criteria shall be as follows, individually or in combination: (i) net earnings;
(ii) earnings per share; (iii) net sales growth; (iv) market share; (v) net operating profit; (vi) expense targets; (vii) working
capital targets relating to inventory and/or accounts receivable; (viii) operating margin; (ix) return on equity; (x) return on
assets; (xi) planning accuracy (as measured by comparing planned results to actual results); (xii) market price per share; and
(xiii) total return to stockholders. In addition, Performance Based Awards may include comparisons to the performance of other
companies, such performance to be measured by one or more of the foregoing business criteria. With respect to Performance-Based
Awards, (i) the Committee shall establish in writing (x) the performance goals applicable to a given period, and such performance
goals shall state, in terms of an objective formula or standard, the method for computing the amount of compensation payable to
the participant if such performance goals are obtained and (y) the individual employees or class of employees to which such performance
goals apply no later than 90 days after the commencement of such period (but in no event after 25% of such period has elapsed)
and (ii) no Performance-Based Awards shall be payable to or vest with respect to, as the case may be, any participant for a given
period until the Committee certifies in writing that the objective performance goals (and any other material terms) applicable
to such period have been satisfied. With respect to any Benefits intended to qualify as Performance-Based Awards, after establishment
of a performance goal, the Committee shall not revise such performance goal or increase the amount of compensation payable thereunder
(as determined in accordance with Section 162(m) of the Code) upon the attainment of such performance goal. Notwithstanding the
preceding sentence, the Committee may reduce or eliminate Benefits payable upon the attainment of such performance goal.

 

    8

     

    

 

13. 
Securities Laws. The Committee shall have the power to make each grant under the Plan subject to such conditions as it
deems necessary or appropriate to comply with the then-existing requirements of the Securities Act of 1933, as amended, or the
Exchange Act, including Rule 16b-3 (or any similar rule) of the Securities and Exchange Commission. Notwithstanding any provision
in the Plan or an option document to the contrary, if the Committee determines, in its sole discretion, that issuance of Shares
pursuant to the exercise of a Stock Option should be delayed pending registration or qualification under federal or state securities
laws or the receipt of a legal opinion that an appropriate exemption from the application of federal or state securities laws
is available, the Committee may defer exercise of any Stock Option until such Shares are appropriately registered or qualified
or an appropriate legal opinion has been received, as applicable.

 

14. 
Foreign Laws. The Committee may grant Benefits to individual participants who are subject to the tax laws of nations other
than the United States, which Benefits may have terms and conditions as determined by the Committee as necessary to comply with
applicable foreign laws. The Committee may take any action which it deems advisable to obtain approval of such Benefits by the
appropriate foreign governmental entity; provided, however, that no such Benefits may be granted pursuant to this Section 14 and
no action may be taken which would result in a violation of the Exchange Act, the Code or any other applicable law.

 

15. 
Adjustment Provisions; Change in Control.

 

a. 
If there shall be any change in the Common Stock of the Company or the capitalization of the Company through merger, consolidation,
reorganization, recapitalization, stock dividend, stock split, reverse stock split, split up, spin-off, combination of shares,
exchange of shares, dividend in kind or other like change in capital structure or distribution (other than normal cash dividends)
to stockholders of the Company in order to prevent dilution or enlargement of participants’ rights under the Plan, the Committee,
in its sole discretion, shall adjust, in an equitable manner, as applicable, the number and kind of shares that may be issued
under the Plan, the number and kind of shares subject to outstanding Benefits, the exercise price applicable to outstanding Benefits,
and the Fair Market Value of the Common Stock and other value determinations applicable to outstanding Benefits; provided, however,
that any such arithmetic adjustment to a Performance-Based Award shall not cause the amount of compensation payable thereunder
to be increased from what otherwise would have been due upon attainment of the unadjusted award. Appropriate adjustments may also
be made by the Committee in the terms of any Benefits under the Plan to reflect such changes or distributions and to modify any
other terms of outstanding Benefits on an equitable basis, including modifications of performance targets and changes in the length
of performance periods; provided, however, that any such arithmetic adjustment to a Performance-Based Award shall not cause the
amount of compensation payable thereunder to be increased from what otherwise would have been due upon attainment of the unadjusted
award. In addition, other than with respect to Stock Options, Stock Appreciation Rights, and other awards intended to constitute
Performance-Based Awards, the Committee is authorized to make adjustments to the terms and conditions of, and the criteria included
in, Benefits in recognition of unusual or nonrecurring events affecting the Company or the financial statements of the Company,
or in response to changes in applicable laws, regulations, or accounting principles. Notwithstanding the foregoing, (i) each such
adjustment with respect to an Incentive Stock Option shall comply with the rules of Section 424(a) of the Code, and (ii) in no
event shall any adjustment be made which would render any Incentive Stock Option granted hereunder other than an incentive stock
option for purposes of Section 422 of the Code. The determination of the Committee as to the foregoing adjustments, if any, shall
be conclusive and binding on participants under the Plan.

 

    9

     

    

 

b. 
Notwithstanding any other provision of this Plan, if there is a Change in Control of the Company, all then outstanding Stock Options
and Stock Appreciation Rights shall immediately vest and become exercisable. For purposes of this Section 15(b), a “Change
in Control” of the Company shall be deemed to have occurred upon the earliest of the following events:

 

i. 
Change in Ownership: A change in ownership of the Company occurs on the date that any one person, or more than one person acting
as a group, acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes more
than 50% of the total fair market value or total voting power of the stock of the Company, excluding the acquisition of additional
stock by a person or more than one person acting as a group who is considered to own more than 50% of the total fair market value
or total voting power of the stock of the Company.

 

ii. 
Change in Effective Control: A change in effective control of the Company occurs on the date that either:

 

1. 
Any one person, or more than one person acting as a group, acquires (or has acquired during the 12-month period ending on the
date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing 30% or more of the
total voting power of the stock of the Company; or

 

2. 
A majority of the members of the Board of Directors of the Company is replaced during any 12-month period by directors whose appointment
or election is not endorsed by a majority of the members of the board of directors before the date of the appointment or election;
provided, that this paragraph (B) will apply only to the Company if no other corporation is a majority shareholder.

 

iii. 
Change in Ownership of Substantial Assets: A change in the ownership of a substantial portion of the Company’s assets occurs on
the date that any one person, or more than one person acting as a group, acquires (or has acquired during the 12-month period
ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair
market value equal to or more than 40% of the total gross fair market value of the assets of the Company immediately before such
acquisition or acquisitions. For this purpose, “gross fair market value” means the value of the assets of the Company,
or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.

 

It
is the intent that this definition be construed consistent with the definition of “Change of Control” as defined under
Code Section 409A and the applicable treasury regulations, as amended from time to time.

 

The
Committee, in its discretion, may determine that, upon the occurrence of a Change in Control of the Company or the other events
specified in Section 15(a), each Stock Option and Stock Appreciation Right outstanding hereunder shall terminate within a specified
number of days after notice to the holder, and such holder shall receive, with respect to each share of Common Stock subject to
such Stock Option or Stock Appreciation Right, an amount equal to the excess of the Fair Market Value of such shares of Common
Stock immediately prior to the occurrence of such Change in Control over the exercise price per share of such Stock Option or
Stock Appreciation Right; such amount to be payable in cash, in one or more kinds of property (including the property, if any,
payable in the transaction) or in a combination thereof, as the Committee, in its discretion, shall determine. The provisions
contained in the preceding sentence shall be inapplicable to a Stock Option or Stock Appreciation Right granted within six (6)
months before the occurrence of a Change in Control if the holder of such Stock Option or Stock Appreciation Right is subject
to the reporting requirements of Section 16(a) of the Exchange Act and no exception from liability under Section 16(b) of the
Exchange Act is otherwise available to such holder.

 

    10

     

    

 

16. 
Nontransferability. Each Benefit granted under the Plan to a participant shall not be transferable otherwise than by will
or the laws of descent and distribution, and shall be exercisable, during the participant’s lifetime, only by the participant.
In the event of the death of a participant, each Stock Option or Stock Appreciation Right theretofore granted to him or her shall
be exercisable during such period after his or her death as the Committee shall in its discretion set forth in such option or
right at the date of grant and then only by the executor or administrator of the estate of the deceased participant or the person
or persons to whom the deceased participant’s rights under the Stock Option or Stock Appreciation Right shall pass by will or
the laws of descent and distribution. Notwithstanding the foregoing, at the discretion of the Committee, an award of a Benefit,
other than an Incentive Stock Option, to any director, officer or employee of the Company with at least 15 years of service may
permit the transferability of a Benefit by such participant solely to the participant’s spouse, siblings, parents, children and
grandchildren or trusts for the benefit of such persons or partnerships, corporations, limited liability companies or other entities
owned solely by such persons, including trusts for such persons, subject to any restriction included in the award of the Benefit.

 

17. 
Other Provisions. The award of any Benefit under the Plan may also be subject to such other provisions (whether or not
applicable to the Benefit awarded to any other participant) as the Committee determines appropriate, including, without limitation,
for the installment purchase of Common Stock under Stock Options, for the installment exercise of Stock Appreciation Rights, to
assist the participant in financing the acquisition of Common Stock, for the forfeiture of, or restrictions on resale or other
disposition of, Common Stock acquired under any form of Benefit, for the acceleration of exercisability or vesting of Benefits
in the event of a change in control of the Company, for the payment of the value of Benefits to participants in the event of a
change in control of the Company, or understandings or conditions as to the participant’s employment in addition to those specifically
provided for under the Plan. In addition, the Committee shall have the right to accelerate, in whole or in part, from time to
time, conditionally or unconditionally, rights to exercise any Stock Option granted hereunder. The provisions in this Section
17 may be exercised even if such exercise causes an earlier recognition of income to the Participant due to Code Section 409A
or otherwise.

 

18. 
Fair Market Value. For purposes of this Plan and any Benefits awarded hereunder, Fair Market Value shall be (i) the closing
price of the Company’s Common Stock on the date of calculation (or on the last preceding trading date if Common Stock was not
traded on such date) if the Company’s Common Stock is readily tradeable on a national securities exchange or other market system,
(ii) if the Company’s Common Stock is not readily tradeable, Fair Market Value shall mean the amount determined in good faith
by the Committee as the fair market value of the Common Stock of the Company and (iii) in connection with a Change in Control
of the Company or an event specified in Section 15(a), the value of the consideration paid to stockholders in connection with
such Change in Control or event or if no consideration is paid in respect thereof, the amount determined pursuant to clause (i)
or (ii), above.

 

19. 
Withholding. All payments or distributions of Benefits made pursuant to the Plan shall be net of any amounts required to
be withheld pursuant to applicable federal, state and local tax withholding requirements. If the Company proposes or is required
to distribute Common Stock pursuant to the Plan, it may require the recipient to remit to it or to the corporation that employs
such recipient an amount sufficient to satisfy such tax withholding requirements prior to the delivery of any certificates for
such Common Stock. In lieu thereof, the Company or the employing corporation shall have the right to withhold the amount of such
taxes from any other sums due or to become due from such corporation to the recipient as the Committee shall prescribe. The Committee
may, in its discretion and subject to such rules as it may adopt (including any as may be required to satisfy applicable tax and/or
non-tax regulatory requirements), permit an optionee or award or right holder to pay all or a portion of the federal, state and
local withholding taxes arising in connection with any Benefit consisting of shares of Common Stock by electing to have the Company
withhold shares of Common Stock having a Fair Market Value equal to the amount of tax to be withheld, such tax calculated at rates
required by statute or regulation.

 

    11

     

    

 

20. 
Tenure. A participant’s right, if any, to continue to serve the Company or any of its subsidiaries or affiliates as an
officer, employee, or otherwise, shall not be enlarged or otherwise affected by his or her designation as a participant under
the Plan.

 

21. 
Unfunded Plan. Participants shall have no right, title, or interest whatsoever in or to any investments which the Company
may make to aid it in meeting its obligations under the Plan. Nothing contained in the Plan, and no action taken pursuant to its
provisions, shall create or be construed to create a trust of any kind, or a fiduciary relationship between the Company and any
participant, beneficiary, legal representative or any other person. To the extent that any person acquires a right to receive
payments from the Company under the Plan, such right shall be no greater than the right of an unsecured general creditor of the
Company. All payments to be made hereunder shall be paid from the general funds of the Company and no special or separate fund
shall be established and no segregation of assets shall be made to assure payment of such amounts except as expressly set forth
in the Plan. The Plan is not intended to be subject to the Employee Retirement Income Security Act of 1974, as amended.

 

22. 
No Fractional Shares. No fractional shares of Common Stock shall be issued or delivered pursuant to the Plan or any Benefit.
The Committee shall determine whether cash, or Benefits, or other property shall be issued or paid in lieu of fractional shares
or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated.

 

23. 
Duration, Amendment and Termination. No Benefit shall be granted more than ten years after the Effective Date. The Committee
may amend the Plan from time to time or suspend or terminate the Plan at any time. Nevertheless, if the Plan has been previously
approved by the Company’s stockholders, the Committee may not, without obtaining approval within twelve months before or after
such action by such vote of the Company’s stockholders as may be required, amend the Plan if such amendment would: (i) disqualify
any Incentive Stock Options granted under the Plan; (ii) increase the aggregate number of shares of Common Stock that may be delivered
through Stock Options under the Plan; (iii) increase either of the maximum amounts which can be paid to an individual participant
under the Plan as set forth in Section 5 hereof; (iv) change the types of business criteria on which Performance-Based Awards
are to be based under the Plan; or (v) modify the requirements as to eligibility for participation in the Plan. The Committee
may amend the terms of any Benefit theretofore granted, prospectively or retroactively, but no such amendment shall impair the
rights of any participant without his consent. In its sole discretion, the Committee may reduce the exercise price for any or
all outstanding Stock Options or Stock Appreciation Rights, by repricing or replacing or offering to replace such Benefits, at
any time and on any basis it believes is appropriate and consistent with the Plan’s purposes.

 

24. 
Governing Law. This Plan, Benefits granted hereunder and actions taken in connection herewith shall be governed and construed
in accordance with the laws of the State of Delaware (regardless of the law that might otherwise govern under applicable Delaware
principles of conflict of laws).

 

25. 
Effective Date.

 

a. 
The Plan shall be effective as of ______, 2019, the date on which the Plan was adopted by the Board of Directors and the Company’s
stockholders (the “Effective Date”).

 

b. 
This Plan shall terminate on ______, 2029 (unless sooner terminated by the Committee).

 

 

12

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