Document:

Exhibit 10.5

 

InnovAge
Holding Corp.

2021 Omnibus Incentive Plan

 

1.            Purpose.

 

The purpose of the Plan
is to assist the Company in attracting, retaining, motivating, and rewarding certain employees, officers, directors, and consultants
of the Company and its Affiliates and promoting the creation of long-term value for stockholders of the Company by closely aligning
the interests of such individuals with those of such stockholders. The Plan authorizes the award of Stock-based and cash-based
incentives to Eligible Persons to encourage such Eligible Persons to expend maximum effort in the creation of stockholder value.

 

2.            Definitions.

 

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

 

(a)           “Affiliate”
means, with respect to a Person, any other Person that, directly or indirectly through one or more intermediaries, controls, is
controlled by, or is under common control with, such Person.

 

(b)           “Award”
means any Option, award of Restricted Stock, Restricted Stock Unit, Stock Appreciation Right, or other Stock-based or cash-based
award granted under the Plan.

 

(c)            “Award
Agreement” means an Option Agreement, a Restricted Stock Agreement, an RSU Agreement, a SAR Agreement, or an agreement
governing the grant of any other Award granted under the Plan.

 

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

 

(e)            “Cause”
means, with respect to a Participant and in the absence of an Award Agreement or Participant Agreement otherwise defining Cause,
(1) the Participant’s plea of guilty or nolo contendere to, conviction of, or indictment for, any crime (whether
or not involving the Company or its Affiliates) (i) constituting a felony or (ii) that has, or could reasonably be expected
to result in, an adverse impact on the performance of the Participant’s duties to the Service Recipient, or otherwise has,
or could reasonably be expected to result in, an adverse impact on the business or reputation of the Company or its Affiliates;
(2) conduct of the Participant, in connection with his or her employment or service, that has resulted, or could reasonably
be expected to result, in injury to the business or reputation of the Company or its Affiliates; (3) any material violation
of the policies of the Service Recipient, including, but not limited to, those relating to sexual harassment, ethics, discrimination,
or the disclosure or misuse of confidential information, or those set forth in the manuals, or statements of policy of the Service
Recipient; (4) the Participant’s act(s) of negligence or willful misconduct in the course of his or her employment
or service with the Service Recipient; (5) misappropriation by the Participant of any assets or business opportunities of
the Company or its Affiliates; (6) embezzlement or fraud committed by the Participant, at the Participant’s direction,
or with the Participant’s prior actual knowledge; or (7) willful neglect in the performance of the Participant’s
duties for the Service Recipient or willful or repeated failure or refusal to perform such duties. If, subsequent to the Termination
of a Participant for any or no reason (other than a Termination by the Service Recipient for Cause), it is discovered that grounds
to terminate the Participant’s employment or service for Cause existed, such Participant’s employment or service shall,
at the discretion of the Committee, be deemed to have been terminated by the Service Recipient for Cause for all purposes under
the Plan, and the Participant shall be required to repay or return to the Company all amounts and benefits received by him or her
in respect of any Award following such Termination that would have been forfeited under the Plan had such Termination been by the
Service Recipient for Cause. In the event that there is an Award Agreement or Participant Agreement defining Cause, “Cause”
shall have the meaning provided in such agreement, and a Termination by the Service Recipient for Cause hereunder shall not be
deemed to have occurred unless all applicable notice and cure periods in such Award Agreement or Participant Agreement are complied
with.

 

     

     

    

 

(f)            “Change
in Control” means:

 

(1)            a
change in the ownership or control of the Company effected through a transaction or series of transactions (other than an offering
of Stock to the general public through a registration statement filed with the U.S. Securities and Exchange Commission or
similar non-U.S. regulatory agency or pursuant to a Non-Control Transaction) whereby any “person” (as defined in Section 3(a)(9) of
the Exchange Act) or any two or more persons deemed to be one “person” (as used in Sections 13(d)(3) and
14(d)(2) of the Exchange Act), other than the Company or any of its Affiliates, an employee benefit plan sponsored or maintained
by the Company or any of its Affiliates (or its related trust), or any underwriter temporarily holding securities pursuant to an
offering of such securities, directly or indirectly acquire, other than pursuant to a Reorganization (as defined in subclause (3) below)
that does not constitute a Change in Control under such subclause (3), “beneficial ownership” (within the meaning of
Rule 13d-3 under the Exchange Act) of securities of the Company possessing more than 50% of the total combined voting power
of the Company’s securities eligible to vote in the election of the Board (“Company Voting Securities”);

 

(2)            the
date, within any consecutive 24-month period commencing on or after the Effective Date, upon which individuals who constitute the
Board as of the Effective Date (the “Incumbent Board”) cease for any reason to constitute at least a majority
of the Board; provided, however, that any individual who becomes a director subsequent to the Effective Date and whose nomination
for election by the Company’s stockholders or appointment was approved by a vote of at least a majority of the directors
then constituting the Incumbent Board (either by a specific vote or by approval of the proxy statement of the Company in which
such individual is named as a nominee for director, without objection to such nomination) shall be considered as though such individual
were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs
as a result of an actual or threatened election contest (including, but not limited to, a consent solicitation) with respect to
the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a person
other than the Board; or

 

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(3)            the
consummation of a merger, consolidation, share exchange, or similar form of corporate transaction involving the Company or any
of its Affiliates that requires the approval of the Company’s stockholders (whether for such transaction, the issuance of
securities in the transaction, or otherwise) (a “Reorganization”), unless, immediately following such Reorganization,
(i) more than 50% of the total voting power of (A) the corporation resulting from such Reorganization (the “Surviving
Company”), or (B) if applicable, the ultimate parent corporation that has, directly or indirectly, beneficial ownership
of 100% of the voting securities of the Surviving Company (the “Parent Company”), is represented by Company
Voting Securities that were outstanding immediately prior to such Reorganization (or, if applicable, is represented by shares into
which such Company Voting Securities were converted pursuant to such Reorganization), and such voting power among the holders thereof
is in substantially the same proportion as the voting power of such Company Voting Securities among holders thereof immediately
prior to such Reorganization, (ii) no person, other than an employee benefit plan sponsored or maintained by the Surviving
Company or the Parent Company (or its related trust), is or becomes the beneficial owner, directly or indirectly, of 50% or more
of the total voting power of the outstanding voting securities eligible to elect directors of the Parent Company or, if there is
no Parent Company, the Surviving Company, and (iii) following the consummation of such Reorganization, at least a majority
of the members of the board of directors of the Parent Company or, if there is no Parent Company, the Surviving Company are members
of the Incumbent Board at the time of the Board’s approval of the execution of the initial agreement providing for such Reorganization
(any Reorganization which satisfies all of the criteria specified in clauses (i), (ii), and (iii) above shall be a “Non-Control
Transaction”); or

 

(4)           the
sale or disposition, in one or a series of related transactions, of all or substantially all of the assets of the Company and its
subsidiaries (on a consolidated basis) to any “person” (as defined in Section 3(a)(9) of the Exchange Act)
or to any two (2) or more persons deemed to be one “person” (as used in Sections 13(d)(3) and 14(d)(2) of
the Exchange Act), other than the Company’s Affiliates.

 

Notwithstanding the foregoing, (x) a
Change in Control shall not be deemed to occur solely because any person acquires beneficial ownership of 50% or more of the Company
Voting Securities as a result of an acquisition of Company Voting Securities by the Company that reduces the number of Company
Voting Securities outstanding; provided that, if after such acquisition by the Company, such person becomes the beneficial
owner of additional Company Voting Securities that increases the percentage of outstanding Company Voting Securities beneficially
owned by such person, a Change in Control shall then be deemed to occur, and (y) with respect to the payment of any amount
that constitutes a deferral of compensation subject to Section 409A of the Code payable upon a Change in Control, a Change
in Control shall not be deemed to have occurred, unless the Change in Control constitutes a change in the ownership or effective
control of the Company or in the ownership of a substantial portion of the assets of the Company under Section 409A(a)(2)(A)(v) of
the Code.

 

(g)           “Code”
means the U.S. Internal Revenue Code of 1986, as amended from time to time, including the rules and regulations thereunder
and any successor provisions, rules, and regulations thereto.

 

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(h)           “Committee”
means the Board, the Compensation Committee of the Board, or such other committee consisting of two or more individuals appointed
by the Board to administer the Plan and each other individual or committee of individuals designated to exercise authority under
the Plan.

 

(i)            “Company”
means InnovAge Holding Corp., a Delaware corporation, and its successors by operation of law.

 

(j)            “Corporate
Event” has the meaning set forth in Section ‎10(b) hereof.

 

(k)           “Data”
has the meaning set forth in Section ‎20(g) hereof.

 

(l)            “Disability”
means, in the absence of an Award Agreement or Participant Agreement otherwise defining Disability, the permanent and total disability
of such Participant within the meaning of Section 22(e)(3) of the Code. In the event that there is an Award Agreement
or Participant Agreement defining Disability, “Disability” shall have the meaning provided in such Award Agreement
or Participant Agreement.

 

(m)           “Disqualifying
Disposition” means any disposition (including any sale) of Stock acquired upon the exercise of an Incentive Stock Option
made within the period that ends either (1) two years after the date on which the Participant was granted the Incentive Stock
Option or (2) one year after the date upon which the Participant acquired the Stock.

 

(n)           “Effective
Date” means [DATE], 2021, which is the date on which the Plan was approved by the Board.

 

(o)           “Eligible
Person” means (1) each employee and officer of the Company or any of its Affiliates; (2) each non-employee
director of the Company or any of its Affiliates; (3) each other natural Person who provides substantial services to the Company
or any of its Affiliates as a consultant or advisor (or a wholly owned alter ego entity of the natural Person providing such services
of which such Person is an employee, stockholder, or partner) and who is designated as eligible by the Committee; and (4) each
natural Person who has been offered employment by the Company or any of its Affiliates; provided that such prospective employee
may not receive any payment or exercise any right relating to an Award until such Person has commenced employment or service with
the Company or its Affiliates; provided, further, however, that (i) with respect to any Award that is intended to qualify
as a “stock right” that does not provide for a “deferral of compensation” within the meaning of Section 409A
of the Code, the term “Affiliate” as used in this Section ‎2(o) shall
include only those corporations or other entities in the unbroken chain of corporations or other entities beginning with the Company
where each of the corporations or other entities in the unbroken chain, other than the last corporation or other entity, owns stock
possessing at least 50% or more of the total combined voting power of all classes of stock in one of the other corporations or
other entities in the chain, and (ii) with respect to any Award that is intended to be an Incentive Stock Option, the term
 “Affiliate” as used in this Section ‎2(o) shall include only those
entities that qualify as a “subsidiary corporation” with respect to the Company within the meaning of Section 424(f) of
the Code. An employee on an approved leave of absence may be considered as still in the employ of the Company or any of its Affiliates
for purposes of eligibility for participation in the Plan.

 

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(p)           “Exchange
Act” means the U.S. Securities Exchange Act of 1934, as amended from time to time, including the rules and
regulations thereunder and any successor provisions, rules, and regulations thereto.

 

(q)           “Expiration
Date” means, with respect to an Option or Stock Appreciation Right, the date on which the term of such Option or Stock
Appreciation Right expires, as determined under Sections ‎5(b) or ‎8(b) hereof,
as applicable.

 

(r)            “Fair
Market Value” means, as of any date when the Stock is listed on one or more national securities exchange(s), the closing
price reported on the principal national securities exchange on which such Stock is listed and traded on the date of determination
or, if the closing price is not reported on such date of determination, the closing price reported on the most recent date prior
to the date of determination. If the Stock is not listed on a national securities exchange, “Fair Market Value”
shall mean the amount determined by the Board in good faith, and in a manner consistent with Section 409A of the Code, to
be the fair market value per share of Stock.

 

(s)            “GAAP”
means the U.S. Generally Accepted Accounting Principles, as in effect from time to time.

 

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

 

(u)           “Nonqualified
Stock Option” means an Option not intended to be an Incentive Stock Option.

 

(v)          “Option”
means a conditional right, granted to a Participant under Section ‎5 hereof, to purchase
Stock at a specified price during a specified time period.

 

(w)          “Option
Agreement” means a written agreement between the Company and a Participant evidencing the terms and conditions of an
individual Option Award.

 

(x)           “Participant”
means an Eligible Person who has been granted an Award under the Plan or, if applicable, such other Person who holds an Award.

 

(y)          “Participant
Agreement” means an employment or other services agreement between a Participant and the Service Recipient that describes
the terms and conditions of such Participant’s employment or service with the Service Recipient and is effective as of the
date of determination.

 

(z)           “Person”
means any individual, corporation, partnership, firm, joint venture, association, joint-stock company, trust, unincorporated organization,
or other entity.

 

(aa)         “Plan”
means this InnovAge Holding Corp. 2021 Omnibus Incentive Plan, as amended from time to time.

 

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(bb)    “Qualified
Member” means a member of the Committee who is a “Non-Employee Director” within the meaning of Rule 16b-3
under the Exchange Act and an “independent director” as defined under, as applicable, the NASDAQ Listing Rules, the
NYSE Listed Company Manual, or other applicable stock exchange rules.

 

(cc)     “Qualifying
Committee” has the meaning set forth in Section ‎3(b) hereof.

 

(dd)    “Restricted
Stock” means Stock granted to a Participant under Section ‎6 hereof that
is subject to certain restrictions and to a risk of forfeiture.

 

(ee)     “Restricted
Stock Agreement” means a written agreement between the Company and a Participant evidencing the terms and conditions
of an individual Restricted Stock Award.

 

(ff)      “Restricted
Stock Unit” means a notional unit representing the right to receive one share of Stock (or the cash value of one share
of Stock, if so determined by the Committee) on a specified settlement date.

 

(gg)    “RSU
Agreement” means a written agreement between the Company and a Participant evidencing the terms and conditions of an
individual Award of Restricted Stock Units.

 

(hh)    “SAR
Agreement” means a written agreement between the Company and a Participant evidencing the terms and conditions of an
individual Award of Stock Appreciation Rights.

 

(ii)         “Securities
Act” means the U.S. Securities Act of 1933, as amended from time to time, including the rules and regulations
thereunder and any successor provisions, rules, and regulations thereto.

 

(jj)      “Service
Recipient” means, with respect to a Participant holding an Award, either the Company or an Affiliate of the Company by
which the original recipient of such Award is, or following a Termination was most recently, principally employed or to which such
original recipient provides, or following a Termination was most recently providing, services, as applicable.

 

(kk)     “Stock”
means the common stock, par value $0.001 per share, of the Company, and such other securities as may be substituted for such stock
pursuant to Section ‎10 hereof.

 

(ll)      “Stock
Appreciation Right” means a conditional right, granted to a Participant under Section 8 hereof, to receive an amount
equal to the value of the appreciation in the Stock over a specified period. Except in the event of extraordinary circumstances,
as determined in the sole discretion of the Committee, or pursuant to Section ‎10(b) hereof,
Stock Appreciation Rights shall be settled in Stock.

 

(mm)   “Substitute
Award” has the meaning set forth in Section ‎4(a) hereof.

 

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(nn)    “Termination”
means the termination of a Participant’s employment or service, as applicable, with the Service Recipient; provided, however,
that, if so determined by the Committee at the time of any change in status in relation to the Service Recipient (e.g.,
a Participant ceases to be an employee and begins providing services as a consultant, or vice versa), such change in status will
not be deemed a Termination hereunder. Unless otherwise determined by the Committee, in the event that the Service Recipient ceases
to be an Affiliate of the Company (by reason of sale, divestiture, spin-off, or other similar transaction), unless a Participant’s
employment or service is transferred to another entity that would constitute the Service Recipient immediately following such transaction,
such Participant shall be deemed to have suffered a Termination hereunder as of the date of the consummation of such transaction.
Notwithstanding anything herein to the contrary, a Participant’s change in status in relation to the Service Recipient (for
example, a change from employee to consultant) shall not be deemed a Termination hereunder with respect to any Awards constituting
 “nonqualified deferred compensation” subject to Section 409A of the Code that are payable upon a Termination,
unless such change in status constitutes a “separation from service” within the meaning of Section 409A of the
Code. Any payments in respect of an Award constituting nonqualified deferred compensation subject to Section 409A of the Code
that are payable upon a Termination shall be delayed for such period as may be necessary to meet the requirements of Section 409A(a)(2)(B)(i) of
the Code. On the first business day following the expiration of such period, the Participant shall be paid, in a single lump sum
without interest, an amount equal to the aggregate amount of all payments delayed pursuant to the preceding sentence, and any remaining
payments not so delayed shall continue to be paid pursuant to the payment schedule applicable to such Award.

 

3.            Administration.

 

(a)          Authority
of the Committee. Except as otherwise provided below, the Plan shall be administered by the Committee. The Committee shall
have full and final authority, in each case, subject to and consistent with the provisions of the Plan, to (1) select Eligible
Persons to become Participants; (2) grant Awards; (3) determine the type, number, and type of shares of Stock subject
to, other terms and conditions of, and all other matters relating to, Awards; (4) prescribe Award Agreements (which need not
be identical for each Participant) and rules and regulations for the administration of the Plan; (5) construe and interpret
the Plan and Award Agreements and correct defects, supply omissions, and reconcile inconsistencies therein; (6) suspend the
right to exercise Awards during any period that the Committee deems appropriate to comply with applicable securities laws, and
thereafter extend the exercise period of an Award by an equivalent period of time or such shorter period required by, or necessary
to comply with, applicable law; and (7) make all other decisions and determinations as the Committee may deem necessary or
advisable for the administration of the Plan. Any action of the Committee shall be final, conclusive, and binding on all Persons,
including, without limitation, the Company, its stockholders and Affiliates, Eligible Persons, Participants, and beneficiaries
of Participants. Notwithstanding anything in the Plan to the contrary, the Committee shall have the ability to accelerate the vesting
of any outstanding Award at any time and for any reason, including upon a Corporate Event, subject to Section ‎10(d),
or in the event of a Participant’s Termination by the Service Recipient other than for Cause, or due to the Participant’s
death, Disability, or retirement (as such term may be defined in an applicable Award Agreement or Participant Agreement or, if
no such definition exists, in accordance with the Company’s then-current employment policies and guidelines). For the avoidance
of doubt, the Board shall have the authority to take all actions under the Plan that the Committee is permitted to take.

 

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(b)          Manner
of Exercise of Committee Authority. At any time that a member of the Committee is not a Qualified Member, any action
of the Committee relating to an Award granted or to be granted to a Participant who is then subject to Section 16 of the Exchange
Act in respect of the Company must be taken by the remaining members of the Committee or a subcommittee, designated by the Committee
or the Board, composed solely of two or more Qualified Members (a “Qualifying Committee”). Any action authorized
by such a Qualifying Committee shall be deemed the action of the Committee for purposes of the Plan. The express grant of any specific
power to a Qualifying Committee, and the taking of any action by such a Qualifying Committee, shall not be construed as limiting
any power or authority of the Committee.

 

(c)          Delegation.
To the extent permitted by applicable law, the Committee may delegate to officers or employees of the Company or any of its Affiliates,
or committees thereof, the authority, subject to such terms as the Committee shall determine, to perform such functions under the
Plan, including, but not limited to, administrative functions, as the Committee may determine appropriate. The Committee may appoint
agents to assist it in administering the Plan. Any actions taken by an officer or employee delegated authority pursuant to this
Section ‎3(c) within the scope of such delegation shall, for all purposes under
the Plan, be deemed to be an action taken by the Committee. Notwithstanding the foregoing or any other provision of the Plan to
the contrary, any Award granted under the Plan to any Eligible Person who is not an employee of the Company or any of its Affiliates
(including any non-employee director of the Company or any Affiliate) or to any Eligible Person who is subject to Section 16
of the Exchange Act must be expressly approved by the Committee or Qualifying Committee in accordance with Section ‎3(b) above.

 

(d)          Sections 409A
and 457A. The Committee shall take into account compliance with Sections 409A and 457A of the Code in connection with
any grant of an Award under the Plan, to the extent applicable. While the Awards granted hereunder are intended to be structured
in a manner to avoid the imposition of any penalty taxes under Sections 409A and 457A of the Code, in no event whatsoever
shall the Company or any of its Affiliates be liable for any additional tax, interest, or penalties that may be imposed on a Participant
as a result of Section 409A or Section 457A of the Code or any damages for failing to comply with Section 409A or
Section 457A of the Code or any similar state or local laws (other than for withholding obligations or other obligations applicable
to employers, if any, under Section 409A or Section 457A of the Code).

 

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4.            Shares
Available Under the Plan; Other Limitations.

 

(a)          Number
of Shares Available for Delivery. Subject to adjustment as provided in Section ‎10
hereof, the total number of shares of Stock reserved and available for delivery in connection with Awards under the Plan shall
equal [NUMBER OF SHARES]. Shares of Stock delivered
under the Plan shall consist of authorized and unissued shares or previously issued shares of Stock reacquired by the Company on
the open market or by private purchase. Notwithstanding the foregoing, (i) except as may be required by reason of Section 422
of the Code, the number of shares of Stock available for issuance hereunder shall not be reduced by shares issued pursuant to Awards
issued or assumed in connection with a merger or acquisition as contemplated by, as applicable, NYSE Listed Company Manual Section 303A.08,
NASDAQ Listing Rule 5635(c) and IM-5635-1, AMEX Company Guide Section 711, or other applicable stock exchange rules,
and their respective successor rules and listing exchange promulgations (each such Award, a “Substitute Award”),
and (ii) shares of Stock shall not be deemed to have been issued pursuant to the Plan with respect to any portion of an Award
that is settled in cash.

 

(b)          Share
Counting Rules. The Committee may adopt reasonable counting procedures to ensure appropriate counting, avoid double-counting
(as, for example, in the case of tandem awards or Substitute Awards), and make adjustments if the number of shares of Stock actually
delivered differs from the number of shares previously counted in connection with an Award. Other than with respect to a Substitute
Award, to the extent that an Award expires or is canceled, forfeited, settled in cash, or otherwise terminated without delivery
to the Participant of the full number of shares of Stock to which the Award related, the undelivered shares of Stock will again
be available for grant. Shares of Stock withheld or surrendered in payment of taxes relating to an Award shall not be deemed to
constitute shares delivered to the Participant and shall be deemed to again be available for delivery under the Plan. Shares of
Stock withheld or surrendered in payment of the exercise price relating to an Award shall be deemed to constitute shares delivered
to the Participant and shall not be deemed to again be available for delivery under the Plan. 

 

(c)           Incentive
Stock Options. No more than [NUMBER OF SHARES] shares of Stock (subject to adjustment as provided in Section ‎10
hereof) reserved for issuance hereunder may be issued or transferred upon exercise or settlement of Incentive Stock Options. 

 

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(d)           Shares
Available Under Acquired Plans. To the extent permitted by NYSE Listed Company Manual Section 303A.08, NASDAQ Listing
Rule 5635(c), or other applicable stock exchange rules, subject to applicable law, in the event that a company acquired by
the Company, or with which the Company combines, has shares available under a pre-existing plan approved by 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 of 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 number of shares of Stock reserved
and available for delivery in connection with Awards under the Plan; provided, that, Awards using such available shares
shall not be made after the date awards could have been made under the terms of such pre-existing plan, absent the acquisition
or combination, and shall only be made to individuals who were not employed by the Company or any subsidiary of the Company immediately
prior to such acquisition or combination.

 

(e)           Minimum
Vesting. No Award may vest earlier than the first anniversary of the date of grant; provided, however, that the
foregoing minimum vesting period shall not apply to (i) a Substitute Award that does not reduce the vesting period of the
award being replaced or assumed, or (ii) Awards involving an aggregate number of shares of Stock not in excess of 5% of the
aggregate number of shares of Stock that may be delivered in connection with Awards (as set forth in Section 4 hereof). 

 

(f)           Limitation
on Awards to Non-Employee Directors. Notwithstanding anything herein to the contrary, the maximum value of any Awards granted
to a non-employee director of the Company in any one calendar year, taken together with any cash fees paid to such non-employee
director during such calendar year in respect of the non-employee director’s services as a member of the Board during such
year, shall not exceed $[750,000]  (calculating the
value of any such Awards based on the grant date fair value of such Awards for financial reporting purposes); provided,
that, the Committee may make exceptions to this limit, except that the non-employee director receiving such additional compensation
may not participate in the decision to award such compensation.

 

5.            Options.

 

(a)          General.
Certain Options granted under the Plan may be intended to be Incentive Stock Options; however, no Incentive Stock Options may
be granted hereunder following the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board, and
(ii) the date the stockholders of the Company approve the Plan. Options may be granted to Eligible Persons in such form and
having such terms and conditions as the Committee shall deem appropriate; provided, however, that Incentive Stock
Options may be granted only to Eligible Persons who are employees of the Company or an Affiliate (as such definition is limited
pursuant to Section ‎2(o) hereof) of the Company. The provisions of separate
Options shall be set forth in separate Option Agreements, which agreements need not be identical. No dividends or dividend equivalents
shall be paid on Options.

  

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(b)           Term.
The term of each Option shall be set by the Committee at the time of grant; provided, however, that no Option granted hereunder
shall be exercisable after, and each Option shall expire, ten years from the date it was granted.

 

(c)           Exercise
Price. The exercise price per share of Stock for each Option shall be set by the Committee at the time of grant and shall not
be less than the Fair Market Value on the date of grant, subject to Section ‎5(g) hereof
in the case of any Incentive Stock Option. Notwithstanding the foregoing, in the case of an Option that is a Substitute Award,
the exercise price per share of Stock for such Option may be less than the Fair Market Value on the date of grant; provided,
that, such exercise price is determined in a manner consistent with the provisions of Section 409A of the Code and, if applicable,
Section 424(a) of the Code.

 

(d)          Payment
for Stock. Payment for shares of Stock acquired pursuant to an Option granted hereunder shall be made in full upon exercise
of the Option in a manner approved by the Committee, which may include any of the following payment methods: (1) in immediately
available funds in U.S. dollars, or by certified or bank cashier’s check; (2)  by delivery of shares of Stock having
a value equal to the exercise price; (3) by a broker-assisted cashless exercise in accordance with procedures approved by
the Committee, whereby payment of the Option exercise price or tax withholding obligations may be satisfied, in whole or in part,
with shares of Stock subject to the Option by delivery of an irrevocable direction to a securities broker (on a form prescribed
by the Committee) to sell shares of Stock and to deliver all or part of the sale proceeds to the Company in payment of the aggregate
exercise price and, if applicable, the amount necessary to satisfy the Company’s withholding obligations; or (4) by
any other means approved by the Committee (including, by delivery of a notice of “net exercise” to the Company, pursuant
to which the Participant shall receive (i) the number of shares of Stock underlying the Option so exercised, reduced by (ii) the
number of shares of Stock equal to (A) the aggregate exercise price of the Option divided by (B) the Fair Market Value
on the date of exercise). Notwithstanding anything herein to the contrary, if the Committee determines that any form of payment
available hereunder would be in violation of Section 402 of the Sarbanes-Oxley Act of 2002, such form of payment shall not
be available.

 

(e)           Vesting.
Options shall vest and become exercisable in such manner, on such date or dates, or upon the achievement of performance or other
conditions, in each case, as may be determined by the Committee and set forth in an Option Agreement. Unless otherwise specifically
determined by the Committee, the vesting of an Option shall occur only while the Participant is employed by or rendering services
to the Service Recipient, and all vesting shall cease upon a Participant’s Termination for any or no reason. To the extent
permitted by applicable law and unless otherwise determined by the Committee, vesting shall be suspended during the period of any
approved unpaid leave of absence by a Participant following which the Participant has a right to reinstatement and shall resume
upon such Participant’s return to active employment. If an Option is exercisable in installments, such installments or portions
thereof that become exercisable shall remain exercisable until the Option expires, is canceled, or otherwise terminates.

 

    - 11 - 

     

    

 

(f)           Termination
of Employment or Service. Except as provided by the Committee in an Option Agreement, Participant Agreement, or otherwise:

 

(1)           In
the event of a Participant’s Termination prior to the applicable Expiration Date for any reason other than (i) by the
Service Recipient for Cause, or (ii) by reason of the Participant’s death or Disability, (A) all vesting with respect
to such Participant’s Options outstanding shall cease; (B) all of such Participant’s unvested Options outstanding
shall terminate and be forfeited for no consideration as of the date of such Termination; and (C) all of such Participant’s
vested Options outstanding shall terminate and be forfeited for no consideration on the earlier of (x) the applicable Expiration
Date, and (y) the date that is 90 days after the date of such Termination.

 

(2)           In
the event of a Participant’s Termination prior to the applicable Expiration Date by reason of such Participant’s death
or Disability, (i) all vesting with respect to such Participant’s Options outstanding shall cease; (ii) all of
such Participant’s unvested Options outstanding shall terminate and be forfeited for no consideration as of the date of such
Termination; and (iii) all of such Participant’s vested Options outstanding shall terminate and be forfeited for no
consideration on the earlier of (x) the applicable Expiration Date, and (y) the date that is 12 months after the date
of such Termination.

 

(3)           In
the event of a Participant’s Termination prior to the applicable Expiration Date by the Service Recipient for Cause, all
of such Participant’s Options outstanding (whether or not vested) shall immediately terminate and be forfeited for no consideration
as of the date of such Termination.

 

(g)          Special
Provisions Applicable to Incentive Stock Options.

 

(1)           No
Incentive Stock Option may be granted to any Eligible Person who, at the time the Option is granted, owns directly, or indirectly
within the meaning of Section 424(d) of the Code, Stock possessing more than ten percent (10%) of the total combined
voting power of all classes of stock of the Company or of any parent or subsidiary thereof, unless such Incentive Stock Option
(i) has an exercise price of at least 110% of the Fair Market Value on the date of the grant of such Option, and (ii) cannot
be exercised more than five years after the date it is granted.

 

(2)           To
the extent that the aggregate Fair Market Value (determined as of the date of grant) of Stock for which Incentive Stock Options
are exercisable for the first time by any Participant during any calendar year (under all plans of the Company and its Affiliates)
exceeds $100,000, such excess Incentive Stock Options shall be treated as Nonqualified Stock Options.

 

(3)           Each
Participant who receives an Incentive Stock Option must agree to notify the Company in writing immediately after the Participant
makes a Disqualifying Disposition of any Stock acquired pursuant to the exercise of an Incentive Stock Option.

 

    - 12 - 

     

    

 

6.            Restricted
Stock.

 

(a)           General.
Restricted Stock may be granted to Eligible Persons in such form and having such terms and conditions as the Committee shall deem
appropriate. The provisions of separate Awards of Restricted Stock shall be set forth in separate Restricted Stock Agreements,
which Restricted Stock Agreements need not be identical. Subject to the restrictions set forth in Section ‎6(b) hereof,
and except as otherwise set forth in the applicable Restricted Stock Agreement, the Participant shall generally have the rights
and privileges of a stockholder as to such Restricted Stock, including the right to vote such Restricted Stock. Unless otherwise
set forth in a Participant’s Restricted Stock Agreement, cash dividends and stock dividends, if any, with respect to the
Restricted Stock shall be withheld by the Company for the Participant’s account, and shall be subject to forfeiture to the
same degree as the shares of Restricted Stock to which such dividends relate. Except as otherwise determined by the Committee,
no interest will accrue or be paid on the amount of any cash dividends withheld.

 

(b)          Vesting
and Restrictions on Transfer. Restricted Stock shall vest in such manner, on such date or dates, or upon the achievement of
performance or other conditions, in each case, as may be determined by the Committee and set forth in a Restricted Stock Agreement.
Unless otherwise specifically determined by the Committee, the vesting of an Award of Restricted Stock shall occur only while the
Participant is employed by or rendering services to the Service Recipient, and all vesting shall cease upon a Participant’s
Termination for any or no reason. To the extent permitted by applicable law and unless otherwise determined by the Committee, vesting
shall be suspended during the period of any approved unpaid leave of absence by a Participant following which the Participant has
a right to reinstatement and shall resume upon such Participant’s return to active employment. In addition to any other restrictions
set forth in a Participant’s Restricted Stock Agreement, the Participant shall not be permitted to sell, transfer, pledge,
or otherwise encumber the Restricted Stock prior to the time the Restricted Stock has vested pursuant to the terms of the Restricted
Stock Agreement.

 

(c)          Termination
of Employment or Service. Except as provided by the Committee in a Restricted Stock Agreement, Participant Agreement, or otherwise,
in the event of a Participant’s Termination for any or no reason prior to the time that such Participant’s Restricted
Stock has vested, (1) all vesting with respect to such Participant’s Restricted Stock outstanding shall cease; and (2) as
soon as practicable following such Termination, the Company shall repurchase from the Participant, and the Participant shall sell,
all of such Participant’s unvested shares of Restricted Stock at a purchase price equal to the lesser of (A) the original
purchase price paid for the Restricted Stock (as adjusted for any subsequent changes in the outstanding Stock or in the capital
structure of the Company), less any dividends or other distributions or bonus received (or to be received) by the Participant
(or any transferee) in respect of such Restricted Stock prior to the date of repurchase, and (B) the Fair Market Value of
the Stock on the date of such repurchase; provided that, if the original purchase price paid for the Restricted Stock is equal
to zero dollars ($0), such unvested shares of Restricted Stock shall be forfeited to the Company by the Participant for no consideration
as of the date of such Termination.

 

    - 13 - 

     

    

 

7.             Restricted
Stock Units.

 

(a)            General.
Restricted Stock Units may be granted to Eligible Persons in such form and having such terms and conditions as the Committee shall
deem appropriate. The provisions of separate Restricted Stock Units shall be set forth in separate RSU Agreements, which RSU Agreements
need not be identical.

 

(b)            Vesting.
Restricted Stock Units shall vest in such manner, on such date or dates, or upon the achievement of performance or other conditions,
in each case, as may be determined by the Committee and set forth in an RSU Agreement. Unless otherwise specifically determined
by the Committee, the vesting of a Restricted Stock Unit shall occur only while the Participant is employed by or rendering services
to the Service Recipient, and all vesting shall cease upon a Participant’s Termination for any or no reason. To the extent
permitted by applicable law and unless otherwise determined by the Committee, vesting shall be suspended during the period of any
approved unpaid leave of absence by a Participant following which the Participant has a right to reinstatement and shall resume
upon such Participant’s return to active employment.

 

(c)            Settlement.
Restricted Stock Units shall be settled in Stock, cash, or property, as determined by the Committee, in its sole discretion, on
the date or dates determined by the Committee and set forth in an RSU Agreement. Unless otherwise set forth in a Participant’s
RSU Agreement, a Participant shall not be entitled to dividends, if any, or dividend equivalents with respect to Restricted Stock
Units prior to settlement.

 

(d)            Termination
of Employment or Service. Except as provided by the Committee in an RSU Agreement, Participant Agreement, or otherwise, in
the event of a Participant’s Termination for any or no reason prior to the time that such Participant’s Restricted
Stock Units have been settled, (1) all vesting with respect to such Participant’s Restricted Stock Units outstanding
shall cease; (2) all of such Participant’s unvested Restricted Stock Units outstanding shall be forfeited for no consideration
as of the date of such Termination; and (3) any shares remaining undelivered with respect to vested Restricted Stock Units
then held by such Participant shall be delivered on the delivery date or dates specified in the RSU Agreement.

 

8.             Stock
Appreciation Rights.

 

(a)            General.
Stock Appreciation Rights may be granted to Eligible Persons in such form and having such terms and conditions as the Committee
shall deem appropriate. The provisions of separate Stock Appreciation Rights shall be set forth in separate SAR Agreements, which
SAR Agreements need not be identical. No dividends or dividend equivalents shall be paid on Stock Appreciation Rights.

 

(b)           Term.
The term of each Stock Appreciation Right shall be set by the Committee at the time of grant; provided, however, that no
Stock Appreciation Right granted hereunder shall be exercisable after, and each Stock Appreciation Right shall expire, ten years
from the date it was granted.

 

    - 14 - 

     

    

 

(c)            Base
Price. The base price per share of Stock for each Stock Appreciation Right shall be set by the Committee at the time of grant
and shall not be less than the Fair Market Value on the date of grant. Notwithstanding the foregoing, in the case of a Stock Appreciation
Right that is a Substitute Award, the base price per share of Stock for such Stock Appreciation Right may be less than the Fair
Market Value on the date of grant; provided, that, such base price is determined in a manner consistent with the provisions
of Section 409A of the Code.

 

(d)            Vesting.
Stock Appreciation Rights shall vest and become exercisable in such manner, on such date or dates, or upon the achievement of performance
or other conditions, in each case, as may be determined by the Committee and set forth in a SAR Agreement. Unless otherwise specifically
determined by the Committee, the vesting of a Stock Appreciation Right shall occur only while the Participant is employed by or
rendering services to the Service Recipient, and all vesting shall cease upon a Participant’s Termination for any or no reason.
To the extent permitted by applicable law and unless otherwise determined by the Committee, vesting shall be suspended during the
period of any approved unpaid leave of absence by a Participant following which the Participant has a right to reinstatement and
shall resume upon such Participant’s return to active employment. If a Stock Appreciation Right is exercisable in installments,
such installments, or portions thereof that become exercisable shall remain exercisable until the Stock Appreciation Right expires,
is canceled, or otherwise terminates.

 

(e)            Payment
upon Exercise. Payment upon exercise of a Stock Appreciation Right may be made in cash, Stock, or property, as specified in
the SAR Agreement or determined by the Committee, in each case, having a value in respect of each share of Stock underlying the
portion of the Stock Appreciation Right so exercised, equal to the difference between the base price of such Stock Appreciation
Right and the Fair Market Value of one share of Stock on the exercise date. For purposes of clarity, each share of Stock to be
issued in settlement of a Stock Appreciation Right is deemed to have a value equal to the Fair Market Value of one share of Stock
on the exercise date. In no event shall fractional shares be issuable upon the exercise of a Stock Appreciation Right, and in the
event that fractional shares would otherwise be issuable, the number of shares issuable will be rounded down to the next lower
whole number of shares, and the Participant will be entitled to receive a cash payment equal to the value of such fractional share.

 

(f)            Termination
of Employment or Service. Except as provided by the Committee in a SAR Agreement, Participant Agreement, or otherwise:

 

(1)            In
the event of a Participant’s Termination prior to the applicable Expiration Date for any reason other than (i) by the
Service Recipient for Cause, or (ii) by reason of the Participant’s death or Disability, (A) all vesting with respect
to such Participant’s Stock Appreciation Rights outstanding shall cease; (B) all of such Participant’s unvested
Stock Appreciation Rights outstanding shall terminate and be forfeited for no consideration as of the date of such Termination;
and (C) all of such Participant’s vested Stock Appreciation Rights outstanding shall terminate and be forfeited for
no consideration on the earlier of (x) the applicable Expiration Date, and (y) the date that is 90 days after the date
of such Termination.

 

    - 15 - 

     

    

 

(2)            In
the event of a Participant’s Termination prior to the applicable Expiration Date by reason of such Participant’s death
or Disability, (i) all vesting with respect to such Participant’s Stock Appreciation Rights outstanding shall cease;
(ii) all of such Participant’s unvested Stock Appreciation Rights outstanding shall terminate and be forfeited for no
consideration as of the date of such Termination; and (iii) all of such Participant’s vested Stock Appreciation Rights
outstanding shall terminate and be forfeited for no consideration on the earlier of (x) the applicable Expiration Date, and
(y) the date that is 12 months after the date of such Termination. In the event of a Participant’s death, such Participant’s
Stock Appreciation Rights shall remain exercisable by the Person or Persons to whom such Participant’s rights under the Stock
Appreciation Rights pass by will or by the applicable laws of descent and distribution until the applicable Expiration Date, but
only to the extent that the Stock Appreciation Rights were vested at the time of such Termination.

 

(3)            In
the event of a Participant’s Termination prior to the applicable Expiration Date by the Service Recipient for Cause, all
of such Participant’s Stock Appreciation Rights outstanding (whether or not vested) shall immediately terminate and be forfeited
for no consideration as of the date of such Termination.

 

9.            Other
Stock-Based Awards.

 

The Committee is authorized,
subject to limitations under applicable law, to grant to Participants such other Awards that may be denominated or payable in,
valued in whole or in part by reference to, or otherwise based upon or related to Stock, as deemed by the Committee to be consistent
with the purposes of the Plan. The Committee may also grant Stock as a bonus (whether or not subject to any vesting requirements
or other restrictions on transfer), and may grant other Awards in lieu of obligations of the Company or an Affiliate to pay cash
or deliver other property under the Plan or under other plans or compensatory arrangements, subject to such terms as shall be determined
by the Committee. The terms and conditions applicable to such Awards shall be determined by the Committee and evidenced by Award
Agreements, which agreements need not be identical.

 

10.            Adjustment
for Recapitalization, Merger, etc.

 

(a)            Capitalization
Adjustments. The aggregate number of shares of Stock that may be delivered in connection with Awards (as set forth in Section ‎4
hereof), the numerical share limits in Section ‎4(a) hereof, the number of shares of Stock covered by each outstanding
Award, and the price per share of Stock underlying each such Award shall be equitably and proportionally adjusted or substituted,
as determined by the Committee, in its sole discretion, as to the number, price, or kind of a share of Stock or other consideration
subject to such Awards, (1) in the event of changes in the outstanding Stock or in the capital structure of the Company by
reason of stock dividends, extraordinary cash dividends, stock splits, reverse stock splits, recapitalizations, reorganizations,
mergers, amalgamations, consolidations, combinations, exchanges, or other relevant changes in capitalization occurring after the
date of grant of any such Award (including any Corporate Event); (2) in connection with any extraordinary dividend declared
and paid in respect of shares of Stock, whether payable in the form of cash, stock, or any other form of consideration; or (3) in
the event of any change in applicable laws or circumstances that results in or could result in, in either case, as determined by
the Committee in its sole discretion, any substantial dilution or enlargement of the rights intended to be granted to, or available
for, Participants in the Plan. In lieu of or in addition to any adjustment pursuant to this Section ‎10,
if deemed appropriate, the Committee may provide that an adjustment take the form of a cash payment to the holder of an outstanding
Award with respect to all or part of an outstanding Award, which payment shall be subject to such terms and conditions (including
timing of payment(s), vesting, and forfeiture conditions) as the Committee may determine in its sole discretion. The Committee
will make such adjustments, substitutions, or payment, and its determination will be final, binding, and conclusive. The Committee
need not take the same action or actions with respect to all Awards or portions thereof or with respect to all Participants. The
Committee may take different actions with respect to the vested and unvested portions of an Award.

 

    - 16 - 

     

    

 

(b)            Corporate
Events. Notwithstanding the foregoing, except as provided by the Committee in an Award Agreement, Participant Agreement, or
otherwise, in connection with (i) a merger, amalgamation, or consolidation involving the Company in which the Company is not
the surviving corporation; (ii) a merger, amalgamation, or consolidation involving the Company in which the Company is the
surviving corporation but the holders of shares of Stock receive securities of another corporation or other property or cash; (iii) a
Change in Control; or (iv) the reorganization, dissolution, or liquidation of the Company (each, a “Corporate
Event”), the Committee may provide for any one or more of the following:

 

(1)            The
assumption or substitution of any or all Awards in connection with such Corporate Event, in which case the Awards shall be subject
to the adjustment set forth in Section 10(a) hereof, and to the extent that such Awards vest subject to the achievement
of performance criteria, such performance criteria shall be deemed earned at target level (or if no target is specified, the maximum
level) and will be converted into solely service based vesting awards that will vest during the performance period, if any, during
which the original performance criteria would have been measured;

 

(2)            The
acceleration of vesting of any or all Awards not assumed or substituted in connection with such Corporate Event, subject to the
consummation of such Corporate Event; provided that unless otherwise set forth in an Award Agreement, any Awards that vest
subject to the achievement of performance criteria will be deemed earned at target level (or if no target is specified, the maximum
level), provided, further, that a Participant has not experienced a Termination prior to such Corporate Event;

 

(3)            The
cancellation of any or all Awards not assumed or substituted in connection with such Corporate Event (whether vested or unvested)
as of the consummation of such Corporate Event, together with the payment to the Participants holding vested Awards (including
any Awards that would vest upon the Corporate Event but for such cancellation) so canceled of an amount in respect of cancellation
equal to an amount based upon the per-share consideration being paid for the Stock in connection with such Corporate Event, less,
in the case of Options, Stock Appreciation Rights, and other Awards subject to exercise, the applicable exercise or base price;
provided, however, that holders of Options, Stock Appreciation Rights, and other Awards subject to exercise shall be entitled
to consideration in respect of cancellation of such Awards only if the per-share consideration less the applicable exercise or
base price is greater than zero dollars ($0), and to the extent that the per-share consideration is less than or equal to the applicable
exercise or base price, such Awards shall be canceled for no consideration;

 

    - 17 - 

     

    

 

(4)            The
cancellation of any or all Options, Stock Appreciation Rights, and other Awards subject to exercise not assumed or substituted
in connection with such Corporate Event (whether vested or unvested) as of the consummation of such Corporate Event; provided,
that, all Options, Stock Appreciation Rights, and other Awards to be so canceled pursuant to this paragraph ‎(4) shall
first become exercisable for a period of at least ten days prior to such Corporate Event, with any exercise during such period
of any unvested Options, Stock Appreciation Rights, or other Awards to be (A) contingent upon and subject to the occurrence
of the Corporate Event, and (B) effectuated by such means as are approved by the Committee; and

 

(5)            The
replacement of any or all Awards (other than Awards that are intended to qualify as “stock rights” that do not provide
for a “deferral of compensation” within the meaning of Section 409A of the Code) with a cash incentive program
that preserves the value of the Awards so replaced (determined as of the consummation of the Corporate Event), with subsequent
payment of cash incentives subject to the same vesting conditions as applicable to the Awards so replaced and payment to be made
within 30 days of the applicable vesting date.

 

Payments to holders pursuant to paragraph ‎(3) above
shall be made in cash or, in the sole discretion of the Committee, and to the extent applicable, in the form of such other consideration
necessary for a Participant to receive property, cash, or securities (or a combination thereof) as such Participant would have
been entitled to receive upon the occurrence of the transaction if the Participant had been, immediately prior to such transaction,
the holder of the number of shares of Stock covered by the Award at such time (less any applicable exercise or base price). In
addition, in connection with any Corporate Event, prior to any payment or adjustment contemplated under this Section ‎10(b),
the Committee may require a Participant to (A) represent and warrant as to the unencumbered title to his or her Awards; (B) bear
such Participant’s pro-rata share of any post-closing indemnity obligations, and be subject to the same post-closing purchase
price adjustments, escrow terms, offset rights, holdback terms, and similar conditions as the other holders of Stock; and (C) deliver
customary transfer documentation as reasonably determined by the Committee. The Committee need not take the same action or actions
with respect to all Awards or portions thereof or with respect to all Participants. The Committee may take different actions with
respect to the vested and unvested portions of an Award.

 

(c)            Fractional
Shares. Any adjustment provided under this Section ‎10 may, in the Committee’s
discretion, provide for the elimination of any fractional share that might otherwise become subject to an Award. No cash settlements
shall be made with respect to fractional shares so eliminated.

 

(d)            Double-Trigger
Vesting. Notwithstanding any other provisions of the Plan, an Award Agreement, or a Participant Agreement to the contrary,
with respect to any Award that is assumed or substituted in connection with a Change in Control, the vesting, payment, purchase,
or distribution of such Award may not be accelerated by reason of the Change in Control for any Participant, unless the Participant
also experiences an involuntary Termination as a result of the Change in Control. Unless otherwise provided for in an Award Agreement
or a Participant Agreement, all Awards held by a Participant who experiences an involuntary Termination as a result of a Change
in Control shall immediately vest as of the date of such Termination. For purposes of this Section ‎10(d),
a Participant will be deemed to experience an involuntary Termination as a result of a Change in Control if the Participant experiences
a Termination by the Service Recipient other than for Cause, or otherwise experiences a Termination under circumstances which entitle
the Participant to mandatory severance payment(s) pursuant to applicable law, or, in the case of a non-employee director of
the Company, if the non-employee director’s service on the Board terminates in connection with or as a result of a Change
in Control, in each case, at any time beginning on the date of the Change in Control up to and including the second anniversary
of the Change in Control.

 

    - 18 - 

     

    

 

11.            Use
of Proceeds.

 

The proceeds received
from the sale of Stock pursuant to the Plan shall be used for general corporate purposes.

 

12.            Rights
and Privileges as a Stockholder.

 

Except as otherwise specifically
provided in the Plan, no Person shall be entitled to the rights and privileges of Stock ownership in respect of shares of Stock
that are subject to Awards hereunder until such shares have been issued to that Person.

 

13.            Transferability
of Awards.

 

Awards may not be sold,
transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the applicable laws of descent
and distribution, and to the extent subject to exercise, Awards may not be exercised during the lifetime of the grantee other than
by the grantee. Notwithstanding the foregoing, except with respect to Incentive Stock Options, Awards and a Participant’s
rights under the Plan shall be transferable for no value to the extent provided in an Award Agreement or otherwise determined at
any time by the Committee.

 

14.            Employment
or Service Rights.

 

No individual shall have
any claim or right to be granted an Award under the Plan or, having been selected for the grant of an Award, to be selected for
the grant of any other Award. Neither the Plan nor any action taken hereunder shall be construed as giving any individual any right
to be retained in the employ or service of the Company or an Affiliate of the Company.

 

15.            Compliance
with Laws.

 

The obligation of the
Company to deliver Stock upon issuance, vesting, exercise, or settlement of any Award shall be subject to all applicable laws,
rules, and regulations, and to such approvals by governmental agencies as may be required. Notwithstanding any terms or conditions
of any Award to the contrary, the Company shall be under no obligation to offer to sell or to sell, and shall be prohibited from
offering to sell or selling, any shares of Stock pursuant to an Award, unless such shares have been properly registered for sale
with the U.S. Securities and Exchange Commission pursuant to the Securities Act (or with a similar non-U.S. regulatory agency
pursuant to a similar law or regulation), or unless the Company has received an opinion of counsel, satisfactory to the Company,
that such shares may be offered or sold without such registration pursuant to an available exemption therefrom and the terms and
conditions of such exemption have been fully complied with. The Company shall be under no obligation to register for sale or resale
under the Securities Act any of the shares of Stock to be offered or sold under the Plan or any shares of Stock to be issued upon
exercise or settlement of Awards. If the shares of Stock offered for sale or sold under the Plan are offered or sold pursuant to
an exemption from registration under the Securities Act, the Company may restrict the transfer of such shares and may legend the
Stock certificates representing such shares in such manner as it deems advisable to ensure the availability of any such exemption.

 

    - 19 - 

     

    

 

16.            Withholding
Obligations.

 

As a condition to the
issuance, vesting, exercise, or settlement of any Award (or upon the making of an election under Section 83(b) of the
Code), the Committee may require that a Participant satisfy, through deduction or withholding from any payment of any kind otherwise
due to the Participant, or through such other arrangements as are satisfactory to the Committee, the amount of all federal, state,
and local income and other taxes of any kind required or permitted to be withheld in connection with such issuance, vesting, exercise,
or settlement (or election). The Committee, in its discretion, may permit shares of Stock to be used to satisfy tax withholding
requirements, and such shares shall be valued at their Fair Market Value as of the issuance, vesting, exercise, or settlement date
of the Award, as applicable. Depending on the withholding method, the Company may withhold by considering the applicable minimum
statutorily required withholding rates or other applicable withholding rates in the applicable Participant’s jurisdiction,
including maximum applicable rates that may be utilized without creating adverse accounting treatment under Financial Accounting
Standards Board Accounting Standards Codification Topic 718 (or any successor pronouncement thereto) and is permitted under
applicable withholding rules promulgated by the Internal Revenue Service or another applicable governmental entity.

 

17.            Amendment
of the Plan or Awards.

 

(a)            Amendment
of Plan. The Board or the Committee may amend the Plan at any time and from time to time.

 

(b)            Amendment
of Awards. The Board or the Committee may amend the terms of any one or more Awards at any time and from time to time.

 

(c)            Stockholder
Approval; No Material Impairment. Notwithstanding anything herein to the contrary, no amendment to the Plan or any Award shall
be effective without stockholder approval to the extent that such approval is required pursuant to applicable law or the applicable
rules of each national securities exchange on which the Stock is listed. Additionally, no amendment to the Plan or any Award
shall materially impair a Participant’s rights under any Award unless the Participant consents in writing (it being understood
that no action taken by the Board or the Committee that is expressly permitted under the Plan, including, without limitation, any
actions described in Section ‎10 hereof, shall constitute an amendment to the Plan
or an Award for such purpose). Notwithstanding the foregoing, subject to the limitations of applicable law, if any, and without
an affected Participant’s consent, the Board or the Committee may amend the terms of the Plan or any one or more Awards from
time to time as necessary to bring such Awards into compliance with applicable law, including, without limitation, Section 409A
of the Code.

 

    - 20 - 

     

    

 

(d)            No
Repricing of Awards Without Stockholder Approval. Notwithstanding Sections ‎17(a) or
‎17(b) above, or any other provision of the Plan, the repricing of Awards shall not
be permitted without stockholder approval. For this purpose, a “repricing” means any of the following (or any
other action that has the same effect as any of the following): (1) changing the terms of an Award to lower its exercise or
base price (other than on account of capital adjustments resulting from share splits, etc., as described in Section ‎10(a) hereof);
(2) any other action that is treated as a repricing under GAAP; and (3) repurchasing for cash or canceling an Award in
exchange for another Award at a time when its exercise or base price is greater than the Fair Market Value of the underlying Stock,
unless the cancellation and exchange occurs in connection with an event set forth in Section ‎10(b) hereof.

 

18.            Termination
or Suspension of the Plan.

 

The Board or the Committee
may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on the day before the tenth anniversary
of the date the stockholders of the Company approve the Plan. No Awards may be granted under the Plan while the Plan is suspended
or after it is terminated; provided, however, that following any suspension or termination of the Plan, the Plan shall remain
in effect for the purpose of governing all Awards then outstanding hereunder until such time as all Awards under the Plan have
been terminated, forfeited, or otherwise canceled, or earned, exercised, settled, or otherwise paid out, in accordance with their
terms.

 

19.            Effective
Date of the Plan.

 

The Plan is effective
as of the Effective Date, subject to stockholder approval.

 

20.            Miscellaneous.

 

(a)            Treatment
of Dividends and Dividend Equivalents on Unvested Awards. Notwithstanding any other provision of the Plan to the contrary,
with respect to any Award that provides for or includes a right to dividends or dividend equivalents, if dividends are declared
during the period that an equity Award is outstanding, such dividends (or dividend equivalents) shall either (i) not be paid
or credited with respect to such Award, or (ii) be accumulated but remain subject to vesting requirement(s) to the same
extent as the applicable Award and shall only be paid at the time or times such vesting requirement(s) are satisfied. Except
as otherwise determined by the Committee, no interest will accrue or be paid on the amount of any cash dividends withheld. No dividends
or dividend equivalents shall be paid on Options or Stock Appreciation Rights.

 

(b)            Certificates.
Stock acquired pursuant to Awards granted under the Plan may be evidenced in such a manner as the Committee shall determine. If
certificates representing Stock are registered in the name of the Participant, the Committee may require that (1) such certificates
bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Stock; (2) the Company
retain physical possession of the certificates; and (3) the Participant deliver a stock power to the Company, endorsed in
blank, relating to the Stock. Notwithstanding the foregoing, the Committee may determine, in its sole discretion, that the Stock
shall be held in book-entry form rather than delivered to the Participant pending the release of any applicable restrictions.

 

    - 21 - 

     

    

 

(c)            Other
Benefits. No Award granted or paid out under the Plan shall be deemed compensation for purposes of computing benefits under
any retirement plan of the Company or its Affiliates nor affect any benefits under any other benefit plan now or subsequently in
effect under which the availability or amount of benefits is related to the level of compensation.

 

(d)            Corporate
Action Constituting Grant of Awards. Corporate action constituting a grant by the Company of an Award to any Participant will
be deemed completed as of the date of such corporate action, unless otherwise determined by the Committee, regardless of when the
instrument, certificate, or letter evidencing the Award is communicated to, or actually received or accepted by, the Participant.
In the event that the corporate records (e.g., Committee consents, resolutions, or minutes) documenting the
corporate action constituting the grant contain terms (e.g., exercise price, vesting schedule, or number of shares
of Stock) that are inconsistent with those in the Award Agreement as a result of a clerical error in connection with the preparation
of the Award Agreement, the corporate records will control, and the Participant will have no legally binding right to the incorrect
term in the Award Agreement.

 

(e)            Clawback/Recoupment
Policy. Notwithstanding anything contained herein to the contrary, all Awards granted under the Plan shall be and remain subject
to any incentive compensation clawback or recoupment policy currently in effect or as may be adopted by the Board (or a committee
or subcommittee of the Board) and, in each case, as may be amended from time to time. No such policy adoption or amendment shall
in any event require the prior consent of any Participant. No recovery of compensation under such a clawback policy will be an
event giving rise to a right to resign for “good reason” or “constructive termination” (or similar term)
under any agreement with the Company or any of its Affiliates. In the event that an Award is subject to more than one such policy,
the policy with the most restrictive clawback or recoupment provisions shall govern such Award, subject to applicable law.

 

(f)            Non-Exempt
Employees. If an Option is granted to an employee of the Company or any of its Affiliates in the United States who is a non-exempt
employee for purposes of the Fair Labor Standards Act of 1938, as amended, the Option will not be first exercisable for any shares
of Stock until at least six (6) months following the date of grant of the Option (although the Option may vest prior
to such date). Consistent with the provisions of the Worker Economic Opportunity Act, (1) if such employee dies or suffers
a Disability; (2) upon a Corporate Event in which such Option is not assumed, continued, or substituted; (3) upon a Change
in Control; or (4) upon the Participant’s retirement (as such term may be defined in the applicable Award Agreement
or a Participant Agreement or, if no such definition exists, in accordance with the Company’s then current employment policies
and guidelines), the vested portion of any Options held by such employee may be exercised earlier than six months following
the date of grant. The foregoing provision is intended to operate so that any income derived by a non-exempt employee in connection
with the exercise or vesting of an Option will be exempt from his or her regular rate of pay. To the extent permitted and/or required
for compliance with the Worker Economic Opportunity Act to ensure that any income derived by a non-exempt employee in connection
with the exercise, vesting, or issuance of any shares under any other Award will be exempt from such employee’s regular rate
of pay, the provisions of this Section ‎20(f) will apply to all Awards.

 

    - 22 - 

     

    

 

(g)            Data
Privacy. As a condition of receipt of any Award, each Participant explicitly and unambiguously consents to the collection,
use, and transfer, in electronic or other form, of personal data as described in this Section 20(g) by and among, as
applicable, the Company and its Affiliates, for the exclusive purpose of implementing, administering, and managing the Plan and
Awards and the Participant’s participation in the Plan. In furtherance of such implementation, administration, and management,
the Company and its Affiliates may hold certain personal information about a Participant, including, but not limited to, the Participant’s
name, home address, telephone number, date of birth, social security or insurance number or other identification number, salary,
nationality, job title(s), information regarding any securities of the Company or any of its Affiliates, and details of all Awards
(the “Data”). In addition to transferring the Data amongst themselves as necessary for the purpose of implementation,
administration, and management of the Plan and Awards and the Participant’s participation in the Plan, the Company and its
Affiliates may each transfer the Data to any third parties assisting the Company in the implementation, administration, and management
of the Plan and Awards and the Participant’s participation in the Plan. Recipients of the Data may be located in the Participant’s
country or elsewhere, and the Participant’s country and any given recipient’s country may have different data privacy
laws and protections. By accepting an Award, each Participant authorizes such recipients to receive, possess, use, retain, and
transfer the Data, in electronic or other form, for the purposes of assisting the Company in the implementation, administration,
and management of the Plan and Awards and the Participant’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 the Participant may elect to deposit any
shares of Stock. The Data related to a Participant will be held only as long as is necessary to implement, administer, and manage
the Plan and Awards and the Participant’s participation in the Plan. A Participant may, at any time, view the Data held by
the Company with respect to such Participant, request additional information about the storage and processing of the Data with
respect to such Participant, recommend any necessary corrections to the Data with respect to the Participant, 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 Participant’s eligibility to participate in the Plan, and in the Committee’s discretion, the Participant
may forfeit any outstanding Awards if the Participant refuses or withdraws the consents described herein. For more information
on the consequences of refusal to consent or withdrawal of consent, Participants may contact their local human resources representative.

 

(h)            Participants
Outside of the United States. The Committee may modify the terms of any Award under the Plan made to or held by a Participant
who is then a resident, or is primarily employed or providing services, outside of the United States in any manner deemed by the
Committee to be necessary or appropriate in order that such Award shall conform to laws, regulations, and customs of the country
in which the Participant is then a resident or primarily employed or providing services, or so that the value and other benefits
of the Award to the Participant, as affected by non–U.S. tax laws and other restrictions applicable as a result of the Participant’s
residence, employment, or providing services abroad, shall be comparable to the value of such Award to a Participant who is a resident,
or is primarily employed or providing services, in the United States. An Award may be modified under this Section ‎20(h) in
a manner that is inconsistent with the express terms of the Plan, so long as such modifications will not contravene any applicable
law or regulation or result in actual liability under Section 16(b) of the Exchange Act for the Participant whose Award
is modified. Additionally, the Committee may adopt such procedures and sub-plans as are necessary or appropriate to permit participation
in the Plan by Eligible Persons who are non–U.S. nationals or are primarily employed or providing services outside the United
States.

 

    - 23 - 

     

    

 

(i)            Change
in Time Commitment. In the event a Participant’s regular level of time commitment in the performance of his or her services
for the Company or any of its Affiliates is reduced (for example, and without limitation, if the Participant is an employee of
the Company and the employee has a change in status from a full-time employee to a part-time employee) after the date of grant
of any Award to the Participant, the Committee has the right in its sole discretion to (i) make a corresponding reduction
in the number of shares of Stock subject to any portion of such Award that is scheduled to vest or become payable after the date
of such change in time commitment, and (ii) in lieu of or in combination with such a reduction, extend the vesting or payment
schedule applicable to such Award. In the event of any such reduction, the Participant will have no right with respect to any portion
of the Award that is so reduced or extended.

 

(j)            No
Liability of Committee Members. Neither any member of the Committee nor any of the Committee’s permitted delegates shall
be liable personally by reason of any contract or other instrument executed by such member or on his or her behalf in his or her
capacity as a member of the Committee or for any mistake of judgment made in good faith, and the Company shall indemnify and hold
harmless each member of the Committee and each other employee, officer, or director of the Company to whom any duty or power relating
to the administration or interpretation of the Plan may be allocated or delegated, against all costs and expenses (including counsel
fees) and liabilities (including sums paid in settlement of a claim) arising out of any act or omission to act in connection with
the Plan, unless arising out of such Person’s own fraud or willful misconduct; provided, however, that approval of
the Board shall be required for the payment of any amount in settlement of a claim against any such Person. The foregoing right
of indemnification shall not be exclusive of any other rights of indemnification to which such Persons may be entitled under the
Company’s certificate or articles of incorporation or by-laws, each as may be amended from time to time, as a matter of law,
or otherwise, or any power that the Company may have to indemnify them or hold them harmless.

 

(k)            Payments
Following Accidents or Illness. If the Committee shall find that any Person to whom any amount is payable under the Plan is
unable to care for his or her affairs because of illness or accident, or is a minor, or has died, then any payment due to such
Person or his or her estate (unless a prior claim therefor has been made by a duly appointed legal representative) may, if the
Committee so directs the Company, be paid to his or her spouse, child, relative, an institution maintaining or having custody of
such Person, or any other Person deemed by the Committee to be a proper recipient on behalf of such Person otherwise entitled to
payment. Any such payment shall be a complete discharge of the liability of the Committee and the Company therefor.

 

    - 24 - 

     

    

 

(l)            Governing
Law. The Plan shall be governed by and construed in accordance with the laws of State of Delaware, without reference to the
principles of conflicts of laws thereof.

 

(m)            Electronic
Delivery. Any reference herein to a “written” agreement or document or “writing” will include any agreement
or document delivered electronically or posted on the Company’s intranet (or other shared electronic medium controlled or
authorized by the Company to which the Participant has access) to the extent permitted by applicable law.

 

(n)            Arbitration.
All disputes and claims of any nature that a Participant (or such Participant’s transferee or estate) may have against the
Company arising out of or in any way related to the Plan or any Award Agreement shall be submitted to and resolved exclusively
by binding arbitration conducted in the State of Delaware (or such other location as the parties thereto may agree) in accordance
with the applicable rules of the American Arbitration Association then in effect, and the arbitration shall be heard and determined
by a panel of three arbitrators in accordance with such rules (except that in the event of any inconsistency between such
rules and this Section ‎20(n), the provisions of this Section ‎20(n) shall
control). The arbitration panel may not modify the arbitration rules specified above without the prior written approval of
all parties to the arbitration. Within ten business days after the receipt of a written demand, each party shall designate one
arbitrator, each of whom shall have experience involving complex business or legal matters, but shall not have any prior, existing.
or potential material business relationship with any party to the arbitration. The two arbitrators so designated shall select a
third arbitrator, who shall preside over the arbitration, shall be similarly qualified as the two arbitrators, and shall have no
prior, existing or potential material business relationship with any party to the arbitration; provided, that, if the two
arbitrators are unable to agree upon the selection of such third arbitrator, such third arbitrator shall be designated in accordance
with the arbitration rules referred to above. The arbitrators will decide the dispute by majority decision, and the decision
shall be rendered in writing and shall bear the signatures of the arbitrators and the party or parties who shall be charged therewith,
or the allocation of the expenses among the parties in the discretion of the panel. The arbitration decision shall be rendered
as soon as possible, but in any event not later than 120 days after the constitution of the arbitration panel. The arbitration
decision shall be final and binding upon all parties to the arbitration. The parties hereto agree that judgment upon any award
rendered by the arbitration panel may be entered in the United States District Court for the District of Delaware or any Delaware
state court sitting in the State of Delaware. To the maximum extent permitted by law, the parties hereby irrevocably waive any
right of appeal from any judgment rendered upon any such arbitration award in any such court. Notwithstanding the foregoing, any
party may seek injunctive relief in any such court.

 

(o)            Statute
of Limitations. A Participant or any other person filing a claim for benefits under the Plan must file the claim within one year
of the date the Participant or other person knew or should have known of the facts giving rise to the claim. This one-year statute
of limitations will apply in any forum where a Participant or any other person may file a claim and, unless the Company waives
the time limits set forth above in its sole discretion, any claim not brought within the time periods specified shall be waived
and forever barred.

 

    - 25 - 

     

    

 

(p)            Funding.
No provision of the Plan shall require the Company, for the purpose of satisfying any obligations under the Plan, to purchase assets
or place any assets in a trust or other entity to which contributions are made or otherwise to segregate any assets, nor shall
the Company be required to maintain separate bank accounts, books, records, or other evidence of the existence of a segregated
or separately maintained or administered fund for such purposes. Participants shall have no rights under the Plan other than as
unsecured general creditors of the Company, except that insofar as they may have become entitled to payment of additional compensation
by performance of services, they shall have the same rights as other employees and service providers under general law.

 

(q)            Reliance
on Reports. Each member of the Committee and each member of the Board shall be fully justified in relying, acting, or failing
to act, and shall not be liable for having so relied, acted, or failed to act in good faith, upon any report made by the independent
public accountant of the Company and its Affiliates and upon any other information furnished in connection with the Plan by any
Person or Persons other than such member.

 

(r)            Titles
and Headings. 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.

 

*     *     *

 

Adopted
by the Board of Directors: _______, 2021

Approved by the Stockholders: _______, 2021

Termination Date: _______, 2031

 

    - 26 -Exhibit 10.6

 

EXECUTION VERSION

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT
(this “Agreement”) is made and entered into as of this 30th day of October, 2015 by and between TCO
Acquisition Corporation, a Delaware corporation, and any successor entity thereto (the “Company”), and Maureen
Hewitt (the “Executive”), and effective as of the Closing Date (as such term is defined in the Stock Purchase
Agreement to be entered into by and among the Company, TCO Group Holdings, Inc., a Delaware corporation, Total Community Options, Inc.,
a Colorado corporation, and Total Community Options Foundation, a Colorado nonprofit corporation (the “Purchase Agreement”)).
The Closing Date is referred to in this Agreement as the “Effective Date”. This Agreement is expressly conditioned
upon the occurrence of the Closing (as such term is defined in the Purchase Agreement); should the Closing not occur, this Agreement
shall be void and of no force or effect.

 

RECITALS

 

The Company desires
to continue to employ the Executive and the Executive desires to continue to be employed on the terms and conditions set forth
in this Agreement. In consideration of the foregoing premises and the mutual promises, terms, provisions and conditions set forth
in this Agreement, the parties hereby agree:

 

1.            Employment.
Subject to the terms and conditions set forth in this Agreement, the Company hereby offers and the Executive hereby accepts continued
employment.

 

2.            Term.
This Agreement will continue in effect until terminated in accordance with Section 5 hereof. The term of this Agreement is
hereafter referred to as “the term of this Agreement” or “the term hereof.”

 

3.            Capacity
and Performance.

 

(a)            During
the term hereof, the Executive shall serve the Company as its President and Chief Executive Officer. In addition, and without further
compensation, the Executive shall serve as a member of the Board of Directors of the Company and the Board of Directors of TCO
Group Holdings, Inc. (collectively, the “Board”), and as a director and/or officer of one or more of the
Company’s Affiliates if so elected or appointed from time to time.

 

(b)            During
the term hereof, the Executive shall be employed by the Company on a full-time basis and shall have the duties, responsibilities
and authorities consistent with the Executive’s title as President and Chief Executive Officer, including, without limitation,
the authority to manage the day to day operations of the Company and its Affiliates and the right to approve the hiring and discharge
of any senior executive of the Company or any of the Executive’s direct reports, in each case following consultation with
the Chairman of the Board. At all times during the term hereof, the Executive shall report to the Board and shall perform such
duties as requested by the Board (including any committees thereof), provided such duties are consistent with the Executive’s
role and title as President and Chief Executive Officer.

 

    1

     

    

 

(c)            During
the term hereof, the Executive shall devote substantially all of her full business time and her best efforts, business judgment,
skill and knowledge to the advancement of the business and interests of the Company and its Affiliates and to the discharge of
her duties and responsibilities hereunder. The Executive shall not engage in any other business activity or serve in any industry,
trade, professional, governmental or academic position during the term of this Agreement, except as may be expressly approved in
advance by the Board in writing, which approval shall not be unreasonably withheld; provided, however, that the Executive may without
advance consent participate in charitable activities and passive personal investment activities including, without limitation,
Executive’s current service on the Board of Directors of the Colorado Latino Leadership, Advocacy and Research Organization,
provided that such activities do not, individually or in the aggregate, interfere with the performance of the Executive’s
duties under this Agreement, are not in conflict with the business interests of the Company or any of its Affiliates and do not
violate Sections 7, 8 or 9 of this Agreement.

 

(d)            During
the term hereof, the Executive shall comply with all of the Company’s written policies, practices and codes of conduct applicable
to the Executive’s position, as in effect from time to time.

 

4.            Compensation
and Benefits. As compensation for all services performed by the Executive hereunder during the term hereof, and subject to
performance of the Executive’s duties and responsibilities to the Company and its Affiliates, pursuant to this Agreement
or otherwise, Company shall pay the Executive as follows:

 

(a)            Base
Salary. During the term of this Agreement, the Company shall pay the Executive a base salary at the rate of Six-Hundred and
Seventy-Five Thousand Dollars ($675,000.00) per year, payable in accordance with the normal payroll practices of the Company as
in effect from time to time (but no less frequently than monthly), as from time to time adjusted, is hereafter referred to as the
 “Base Salary”. The Board shall review the Base Salary each year for increase, but shall not decrease the Base
Salary.

 

(b)            Annual
Bonus Compensation. For each fiscal year occurring during the term hereof, the Executive shall be entitled to receive an annual
bonus (the “Annual Bonus”). For the 2016 fiscal year, the Executive’s bonus shall be determined as follows:
(1) for the period beginning on the first day of the 2016 fiscal year and ending on the day immediately prior to the Effective
Date, the pro-rata portion of your Annual Bonus attributable to such period will be calculated based on your base salary and target
annual bonus as in effect prior to the Effective Date; and (2) for the period beginning on the Effective Date and ending on
the last day of the 2016 fiscal year, the pro-rata portion of your bonus attributable to such period will be calculated based on
a target of sixty percent (60%) of the Base Salary. Beginning fiscal 2017, the Annual Bonus shall be targeted at sixty percent
(60%) of the Base Salary, with the actual amount of the Annual Bonus, if any, to be determined by the Board acting in good faith
and based on the achievement of pre-established performance criteria. The performance criteria shall be based on criteria established
by the Board in consultation with the Executive no later than the 60th day of the fiscal year. Except as otherwise provided
for in Section 5, in order to receive the Annual Bonus for any fiscal year, the Executive must be employed by the Company
through the last day of the fiscal year.

 

    2

     

    

 

(c)            Paid
Time Off. During the term hereof, the Executive shall be entitled to earn five (5) weeks of paid time off (“PTO”)
per annum (in addition to Company holidays), to be taken at such times and intervals as shall be determined by the Executive, subject
to the reasonable business needs of the Company. PTO shall otherwise be governed by the policies of the Company, as in effect from
time to time.

 

(d)            Employee
Benefit Plans. During the term hereof and subject to any contribution therefore generally required of similarly-situated employees
of the Company, the Executive shall be entitled to participate in any and all Employee Benefit Plans from time to time in effect
for employees of the Company generally, except to the extent any Employee Benefit Plan provides for benefits otherwise provided
to the Executive hereunder (e.g., a severance pay plan). Such participation shall be subject to (i) the terms of the
applicable plan documents, (ii) generally applicable Company policies and (iii) the discretion of the Board or any administrative
or other committee provided for under or contemplated by such plan. For purposes of this Agreement, “Employee Benefit Plan”
shall have the meaning ascribed to such term in Section 3(3) of ERISA, as amended from time to time. Notwithstanding
the foregoing, the Company shall continue to pay for the full premium required to be paid to continue Executive’s coverage
under the Company’s healthcare plan during her employment and the full premium of Executive’s life insurance policy;
provided, however, that in the event that such payments would, in the determination of the Board or its delegate, subject the Executive,
the Company or any of its Affiliates to any tax or penalty under the Patient Protection and Affordable Care Act (as amended from
time to time, the “ACA”) or Section 105(h) of the Internal Revenue Code of 1986, as amended (“Section 105(h)”,
or applicable regulations or guidance issued under the ACA or Section 105(h), such payments shall be treated as taxable payments
and be subject to imputed income tax treatment to the extent necessary to eliminate any such adverse consequences under the ACA
or Section 105(h). The Executive shall have no recourse against the Company under this Agreement in the event that the Company
should alter or modify, any or all of its Employee Benefit Plans, or in the event that the Company is required to add or eliminate
any of its Employee Benefit Plans to comply with applicable law. Subject to the foregoing, the Company shall at all times maintain
for the benefit of the Executive Employee Benefit Plans providing comparable coverage and benefits to those plans in effect as
of the Effective Date in a manner consistent and compliant with applicable law.

 

(e)            Business
Expenses. The Company shall pay or reimburse the Executive for reasonable, customary and necessary business expenses incurred
or paid by the Executive in the performance of her duties and responsibilities hereunder, subject to such reasonable substantiation
and documentation and to travel and other policies as may be required by the Company from time to time.

 

5.            Termination
of Employment and Severance Benefits. The Executive’s employment hereunder shall terminate under the following circumstances:

 

    3

     

    

 

(a)            Death.
In the event of the Executive’s death during the term hereof, the date of death shall be the date of termination, and the
Company shall pay or provide to the Executive’s designated beneficiary or, if no beneficiary has been designated by the Executive
in a notice received by the Company, to her estate: (i) any Base Salary earned but not paid through the date of termination,
(ii) pay for any vacation time earned but not used through the date of termination, (iii) any business expenses incurred
by the Executive but unreimbursed on the date of termination, provided that such expenses and required substantiation and documentation
are submitted within one hundred twenty (120) days following termination, that such expenses are reimbursable under Company policy,
and that any such expenses subject to Section 5(g)(iv) shall be paid not later than the deadline specified therein, (iv) any
Annual Bonus from the prior fiscal year that has not yet been paid (all of the foregoing, payable subject to the timing limitations
described herein, “Final Compensation”), and (v) a pro-rata portion of the Executive’s Annual Bonus
for the year in which termination occurs, based on the Executive’s actual performance through the date of such termination
and determined in accordance with Section 4(b) hereof (“Pro-Rata Bonus”), with such pro-rata amount
based on the number of days Executive was employed during the fiscal year. The Company shall have no further obligation or liability
to the Executive under this Agreement. Other than business expenses described in Section 5(a)(iii), Final Compensation and
the Pro-Rata Bonus shall be paid to the Executive’s designated beneficiary or estate at the time prescribed by applicable
law and in all events within thirty (30) days following the date of death.

 

(b)            Disability.

 

(i)            The
Company may terminate the Executive’s employment hereunder, upon notice to the Executive, in the event that the Executive
becomes disabled during her employment hereunder through any illness, injury, accident or condition of either a physical or psychological
nature and, as a result, is unable to perform substantially all of her duties and responsibilities hereunder (notwithstanding the
provision of any reasonable accommodation exclusive of the leave of absence provided hereunder) for ninety (90) consecutive days,
or one- hundred and eighty (180) non-consecutive days during any period of three hundred and sixty- five (365) consecutive calendar
days. In the event of such termination, the Company shall have no further obligation or liability to the Executive under this Agreement,
other than for payment of any Final Compensation due the Executive and the Pro-Rata Bonus. Other than business expenses described
in Section 5(a)(iii), Final Compensation and the Pro Rata Bonus shall be paid to the Executive at the time prescribed by applicable
law and in all events within thirty (30) days following the date of termination of employment.

 

(ii)            The
Board may designate another employee to act in the Executive’s place during any period of the Executive’s disability.
Notwithstanding any such designation, the Executive shall continue to receive the Base Salary in accordance with Section 4(a) and
to participate in Employee Benefit Plans in accordance with Section 4(d), to the extent permitted by the then-current terms
of the applicable Employee Benefit Plans, until the Executive becomes eligible for disability income benefits under the Company’s
disability income plan, if any, or until the termination of her employment, whichever shall first occur. If Executive receives
any disability income payments under the Company’s disability income plan, the Base Salary under Section 4(a) shall
be reduced by the amount of such disability income. Executive shall continue to participate in the Employee Benefit Plans in accordance
with Section 4(d) and to the extent permitted by and subject to the then-current terms of such plans, until the termination
of her employment hereunder.

 

    4

     

    

 

(iii)            If
any question shall arise as to whether the Executive is disabled through any illness, injury, accident or condition of either a
physical or psychological nature so as to be unable to perform substantially all of her duties and responsibilities hereunder,
the Executive may, and at the reasonable request of the Company shall, submit to a medical examination by a physician mutually
agreed to by the Company and the Executive (or her duly appointed guardian, if any), and such determination for the purposes of
this Agreement shall be conclusive. If such question shall arise and the Executive shall fail to submit to such medical examination,
the Company’s determination of the issue shall be binding on the Executive.

 

(c)            By
the Company for Cause. The Company may terminate the Executive’s employment hereunder for Cause at any time upon delivery
of written notice to the Executive. The following, as determined in the Company’s reasonable discretion, shall constitute
Cause for termination:

 

(i)            The
Executive’s failure to perform her duties and responsibilities to the Company or any of its Affiliates that are consistent
with Executive’s title and authorities;

 

(ii)            The
Executive’s material breach of any of the provisions of this Agreement or any other written agreement between the Executive
and the Company or any of its Affiliates, resulting in material harm to the Company or any of its Affiliates; or

 

(iii)            The
Executive’s material breach of any fiduciary duty that the Executive has to the Company or any of its Affiliates;

 

(iv)            The
Executive’s gross negligence, intentional misconduct or unethical or improper behavior by the Executive resulting in material
harm to the business, interests or reputation of the Company or any of its Affiliates;

 

(v)            The
Executive’s commission of a felony or other crime involving moral turpitude; or

 

(vi)            The
Executive’s commission of conduct involving fraud, embezzlement, sexual harassment, material misappropriation of property
or other substantial misconduct with respect to the Company or any of its Affiliates.

 

Any termination of the Executive’s
employment for bases set forth in clauses (i), (ii), (iii), or (iv) shall not constitute a termination for Cause unless the
Company shall have provided written notice to the Executive no later than thirty (30) days from Executive’s act or omission
constituting Cause setting forth in reasonable detail such acts or omissions, and the Executive shall have failed to cure such
acts or omissions within thirty (30) days following receipt of written notice. In the event of a termination of the Executive’s
employment hereunder for Cause, the Company shall have no further obligation or liability to the Executive under this Agreement,
other than for any Final Compensation due to the Executive. Other than business expenses described in Section 5(a)(iii), Final
Compensation shall be paid to the Executive at the time prescribed by applicable law and in all events within thirty (30) days
following the date of termination of employment.

 

    5

     

    

 

(d)            By
the Company Other Than for Cause. The Company may terminate the Executive’s employment hereunder other than for Cause
at any time upon sixty (60) days prior written notice to the Executive. In the event of such termination, in addition to any Final
Compensation due to the Executive, the Company will pay the Executive (i) severance pay, at the same rate as the Base Salary,
for a period of twenty-four (24) months following the date of termination of her employment, (ii) an amount equal one point
five (1.5) times the Executive’s Annual Bonus at the target amount (together with the payments of Base Salary in the foregoing
clause (i), the “Severance Payments”), (iii) a Pro-Rata Bonus, and (iv) continued payment on Executive’s
behalf of the premium required to be paid for Executive’s continued participation in the Company’s health care plan
for a period of twenty-four (24) months following termination (the “Healthcare Payments” and collectively with
the Pro-Rata Bonus and the Severance Payments, the “Severance Benefits”). Other than business expenses described
in Section 5(a)(iii), Final Compensation shall be paid to the Executive at the time prescribed by applicable law and in all
events within thirty (30) days following the date of termination of employment. Any obligation of the Company to provide the Severance
Benefits is conditioned, however, on the Executive signing and returning to the Company (without revoking) a timely and effective
general release of claims in substantially the form attached hereto as Exhibit A (the “Release of Claims”),
all of which (including the lapse of the period for revoking the release of claims as specified in the release of claims) shall
have occurred no later than the sixtieth (60th) calendar day following the date of termination and on the Executive’s continued
compliance with the obligations of the Executive to the Company and its Affiliates that survive termination of her employment,
including without limitation under Sections 7, 8 and 9 of this Agreement. Subject to Section 5(g) below, (A) the
Severance Payments to which the Executive is entitled hereunder shall be in the form of salary continuation, payable in accordance
with the normal payroll practices of the Company, and (B) the Healthcare Payments shall be paid monthly, and in both cases
with the first payment, which shall be retroactive to the day immediately following the date the Executive’s employment terminated,
being due and payable on the Company’s next regular payday for executives that follows the expiration of sixty (60) calendar
days from the date the Executive’s employment terminates. Notwithstanding the foregoing, in the event the Healthcare Payments
would, in the determination of the Board or its delegate, subject the Executive, the Company or any of its Affiliates to any tax
or penalty under the ACA or Section 105(h), or applicable regulations or guidance issued under the ACA or Section 105(h),
the Healthcare Payments shall be treated as taxable payments and be subject to imputed income tax treatment to the extent necessary
to eliminate any such adverse consequences under the ACA or Section 105(h). The Pro-Rata Bonus will be paid in a lump sum
at the time that annual bonuses for the applicable fiscal year are paid by the Company generally.

 

(e)            By
the Executive for Good Reason. The Executive may terminate her employment hereunder for Good Reason by (A) providing written
notice to the Company specifying in reasonable detail the condition giving rise to the Good Reason no later than the thirtieth
(30th) day following the occurrence of that condition, and (B) providing the Company a period of thirty (30) days to remedy
the condition, if such condition may be remedied. The Executive’s termination of employment for Good Reason will be effective
on the thirty first (31st) calendar day following the expiration of the period to remedy if the Company has failed to
remedy the condition or on the date of such notice of Good Reason if the condition may not be remedied. The following, if occurring
without the Executive’s written consent, shall constitute “Good Reason” for termination by the Executive:

 

(i)            a
change in Executive’s title;

 

    6

     

    

 

(ii)            a
material diminution in the nature or scope of the Executive’s duties, authority and/or responsibilities, or the Executive
no longer reports directly to the Board;

 

(iii)            a
requirement that the Executive relocate to a location more than fifty (50) miles from the location where the Executive is then
providing services;

 

(iv)            a
reduction in Base Salary or bonus opportunity, as set forth in Section 4(a) hereof;

 

(v)            the
removal of the Executive from the Board; or

 

(vi)            material
breach of any of the terms of this Agreement or any other written agreement between the Company and the Executive.

 

In the event of termination
of the Executive’s employment in accordance with this Section 5(e), the Executive will be entitled to all amounts she
would have been entitled to receive had her employment been terminated by the Company other than for Cause pursuant to Section 5(d) above,
provided that the Executive signs and returns (without revoking) a timely and effective Release of Claims as set forth in Section 5(d).

 

(f)            By
the Executive without Good Reason. The Executive may terminate her employment hereunder without Good Reason at any time upon
sixty (60) days’ prior written notice to the Company. In the event of termination of the Executive’s employment in
accordance with this Section 5(f), the Board may elect to waive the period of notice, or any portion thereof, and, if the
Board so elects, the Company will pay the Executive the Base Salary for the period so waived. The Company shall also pay the Executive
any Final Compensation due her (other than business expenses described in Section 5(a)(iii)) at the time prescribed by applicable
law and in all events within thirty (30) days following the date of the termination of employment.

 

(g)            Timing
of Payments and Section 409A.

 

(i)            Notwithstanding
anything to the contrary in this Agreement, if at the time of the Executive’s termination of employment, the Executive is
a “specified employee,” as defined below, any and all amounts payable under this Section 5 on account of such
separation from service that constitute deferred compensation and would (but for this provision) be payable within six (6) months
following the date of termination, shall instead be paid on the next business day following the expiration of such six (6) month
period or, if earlier, upon the Executive’s death; except (A) to the extent of amounts that do not constitute a deferral
of compensation within the meaning of Treasury regulation Section 1.409A-l(b) (including without limitation by reason
of the safe harbor set forth in Section 1.409A-1 (b)(9)(iii), as determined by the Company in its reasonable good faith discretion);
(B) benefits that qualify as excepted welfare benefits pursuant to Treasury regulation Section 1.409A-1(a)(5); or (C) other
amounts or benefits that are not subject to the requirements of Section 409A of the Internal Revenue Code of 1986, as amended
(“Section 409A”).

 

    7

     

    

 

(ii)            For
purposes of this Agreement, all references to “termination of employment” and correlative phrases shall be construed
to require a “separation from service” (as defined in Section 1.409A-1(h) of the Treasury regulations after
giving effect to the presumptions contained therein), and the term “specified employee” means an individual determined
by the Company to be a specified employee under Treasury regulation Section 1.409A-l(i).

 

(iii)            Each
payment made under this Agreement shall be treated as a separate payment and the right to a series of installment payments under
this Agreement is to be treated as a right to a series of separate payments.

 

(iv)            Any
payment of or reimbursement for expenses that would constitute nonqualified deferred compensation subject to Section 409A
shall be subject to the following additional rules: (i) no reimbursement or payment of any such expense shall affect the Executive’s
right to reimbursement or payment of any such expense in any other calendar year;

 

(v)            reimbursement
or payment of the expense shall be made, if at all, promptly, but not later than the end of the calendar year following the calendar
year in which the expense was incurred; and

 

(vi)            the
right to reimbursement or payment shall not be subject to liquidation or exchange for any other benefit.

 

(vii)            In
no event shall the Company have any liability relating to the failure or alleged failure of any payment or benefit under this Agreement
to comply with, or be exempt from, the requirements of Section 409A.

 

(h)            Exclusive
Right to Severance. The Executive agrees that the Severance Benefits to be provided to her in accordance with the terms and
conditions set forth in this Agreement are intended to be exclusive. The Executive hereby knowingly and voluntarily waives any
right she might otherwise have to participate in or receive payments or benefits under any other plan, program or policy of the
Company providing for severance or termination pay or other termination benefits (other than any benefits payable pursuant to a
long-term disability or other similar insurance program, which shall be governed by the terms and provisions of the applicable
plan or program).

 

6.            Effect
of Termination. The provisions of this Section 6 shall apply to any termination of the Executive’s employment under
this Agreement, whether pursuant to Section 5 or otherwise.

 

(a)            Provision
by the Company of Final Compensation and Severance Benefits, if any, that are due to the Executive in each case under the applicable
termination provisions of Section 5 shall constitute the entire obligation of the Company to the Executive under this Agreement.

 

    8

     

    

 

(b)            Except
for any right of the Executive to continue group health plan participation in accordance with applicable law, the Executive’s
participation in all Employee Benefit Plans shall terminate pursuant to the terms of the applicable plan documents based on the
date of termination of the Executive’s employment without regard to any Base Salary for notice waived pursuant to Section 5(e) hereof
or to any Severance Benefits or other payment made to or on behalf of the Executive following such termination date.

 

(c)            Provisions
of this Agreement shall survive any termination of the Executive’s employment if so provided herein or if necessary or desirable
fully to accomplish the purposes of other surviving provisions, including without limitation the obligations of the Executive under
Sections 7, 8 and 9 hereof. The obligation of the Company to provide Severance Benefits hereunder, and Executive’s right
to retain such payments, is expressly conditioned on the Executive’s continued full performance in accordance with Sections
7, 8 and 9 hereof. The Executive recognizes that, except as expressly provided in Section 5(d), or with respect to Base Salary
paid for notice waived pursuant to Section 5(e) hereof, no compensation or benefits will be earned after termination
of employment.

 

7.            Confidential
Information.

 

(a)            The
Executive acknowledges that the Company and its Affiliates continually develop Confidential Information, that the Executive has
developed and will continue to develop Confidential Information for the Company or its Affiliates and that the Executive has learned
of and will continue to learn of Confidential Information during the course of employment. The Executive agrees that all Confidential
Information which the Executive creates or to which she has access as a result of her employment or other associations with the
Company or any of its Affiliates is and shall remain the sole and exclusive property of the Company or its Affiliate, as applicable.
The Executive shall comply with the policies and procedures of the Company and its Affiliates
for protecting Confidential Information and shall never disclose to any Person (except as required by applicable law or for the
proper performance of her duties and responsibilities to the Company and its Affiliates), or use for her own benefit or gain or
the benefit or gain of any other Person, any Confidential Information obtained by the Executive incident to her employment or any
other association with the Company or any of its Affiliates. The Executive understands that this restriction shall continue to
apply after her employment terminates, regardless of the reason for such termination. Further, the Executive agrees to furnish
prompt notice to the Company of any required disclosure of Confidential Information sought pursuant to subpoena, court order or
any other legal process or requirement, and agrees to provide the Company a reasonable opportunity to seek protection of the Confidential
Information prior to any such disclosure. The confidentiality obligation under this Section 7 shall not apply to information
that has become generally known through no wrongful act on the part of the Executive or any other Person having an obligation of
confidentiality to the Company or any of its Affiliates. For the avoidance of doubt, the Executive acknowledges that nothing contained
herein limits, restricts or in any other way affects her communicating with any governmental agency or entity, or communicating
with any official or staff person of a governmental agency or entity, concerning matters relevant to the governmental agency or
entity.

 

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(b)            All
documents, records, tapes and other media of every kind and description relating to the business, present or otherwise, of the
Company or any of its Affiliates and any copies or derivatives (including without limitation electronic), in whole or in part,
thereof (the “Documents”), whether or not prepared by the Executive, shall be the sole and exclusive property
of the Company and its Affiliates. Except as necessary for the proper performance of the Executive’s regular duties for the
Company or as expressly authorized in writing in advance by the Board or its expressly authorized designee, the Executive will
not copy any Documents or remove any Documents or copies or derivatives thereof from the premises of the Company. The Executive
shall safeguard all Documents and shall surrender to the Company at the time her employment terminates, and at such earlier time
or times as the Board or its designee may specify, all Documents and other property of the Company or any of its Affiliates and
all documents, records and files of the customers and other Persons with whom the Company or any of its Affiliates does business
(“Third Party Documents”) and each individually a “Third Party Document” then in the Executive’s
possession or control and not accessible by the Company; provided, however, that if a Document or Third-Party Document is on electronic
media, the Executive may, in lieu of surrendering the Document or Third-Party Document, provide a copy to the Company on electronic
media and delete and overwrite all other electronic media copies thereof. The Executive also agrees that, upon request of any duly
authorized officer of the Company, the Executive shall disclose all passwords and passcodes necessary or desirable to enable the
Company or any of its Affiliates or the Persons with whom the Company or any of its Affiliates do business to obtain access to
the Documents and Third-Party Documents.

 

8.            Assignment
of Rights to Intellectual Property. The Executive shall promptly and fully disclose all Intellectual Property to the Company.
The Executive hereby assigns and agrees to assign to the Company (or as otherwise directed by the Company) the Executive’s
full right, title and interest in and to all Intellectual Property. The Executive agrees to execute any and all applications for
domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the
execution and delivery of instruments of further assurance or confirmation) requested by the Company to assign the Intellectual
Property to the Company (or as otherwise directed by the Company) and to permit the Company to enforce any patents, copyrights
or other proprietary rights to the Intellectual Property. The Executive will not charge the Company for time spent in complying
with these obligations. All copyrightable works that the Executive creates shall be considered “work made for hire”
and shall, upon creation, be owned exclusively by the Company.

 

9.            Restricted
Activities. The Executive acknowledges and agrees that (a) she is an executive or management employee of the Company and
is provided access to the Company’s “Trade Secrets” defined as the whole or any portion or phase of any
scientific or technical information, design, process, procedure, formula, improvement, confidential business or financial information,
listing of names, addresses, or telephone numbers, or other information relating to the Company which is secret and of value, and
(b) the following restrictions on her activities during and after employment with the Company are necessary to protect the
Company’s Trade Secrets and other legitimate interests of the Company and its Affiliates:

 

(a)            While
the Executive is employed by the Company and during the two (2) year period immediately following termination of the Executive’s
employment (the “Restricted Period”), the Executive shall not, directly or indirectly, whether as owner, partner,
investor, consultant, agent, employee, independent contractor, co-venturer or otherwise, whether with or without compensation,
compete with the Business (as defined below), or any portion of the Business, in the United States of America (the “Restricted
Area”) or undertake any planning for any business competitive with all or a portion of the Business in the Restricted
Area. Specifically, but without limiting the foregoing, the Executive agrees not to work or provide services, in any capacity,
whether as an employee, independent contractor or otherwise, whether with or without compensation, to any Person that is engaged
in all or any portion of the Business, as conducted or in active planning to be conducted during the Executive’s employment
with the Company or, with respect to the portion of the Restricted Period that follows the termination of the Executive’s
employment, at the time the Executive’s employment terminates, in the Restricted Area. Notwithstanding the foregoing, nothing
in this Agreement shall (x) prevent Executive from providing services to a consulting firm that provides services to any business
that competes with the Business, (y) preclude Executive from owning up to 2% of the publicly traded securities of any business,
or (z) prevent the Executive from providing services to an entity that contains a business that competes with the Business,
provided the Executive is not responsible for (and does not engage or participate in) the day-to-day management, oversight or supervision
of such business and provided the Executive does not have direct supervision over the individual or individuals who are so responsible
for such day-to-day management, oversight or supervision.

 

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(b)            During
the Restricted Period, the Executive will not directly or indirectly (i) solicit or encourage any customer of the Company
or any of its Affiliates to terminate or diminish its relationship with them; or (ii) seek to persuade any such customer or
prospective customer of the Company or any of its Affiliates to conduct with anyone else any business or activity which such customer
or prospective customer conducts or could conduct with the Company or any of its Affiliates; provided, however, that these restrictions
shall apply (y) only with respect to those Persons who are or have been a customer of the Company or any of its Affiliates
at any time within the immediately preceding two (2) year period or whose business has been solicited on behalf of the Company
or any of its Affiliates by any of their officers, employees or agents within such two (2) year period, other than by form
letter, blanket mailing or published advertisement, and (z) only if the Executive has performed work for such Person during
the Executive’s employment with the Company or one of its Affiliates or been introduced to, or otherwise had contact with,
such Person as a result of the Executive’s employment or other associations with the Company or one of its Affiliates or
has had access to Confidential Information which would assist in the Executive’s solicitation of such Person. Notwithstanding
anything in this Section 10(b) to the contrary, Executive may solicit customers and prospective customers for purposes
of providing or selling products or services that that do not compete with the Business.

 

(c)            During
the Restricted Period, the Executive will not, and will not assist any other person to, (i) hire or solicit for hiring any
employee of the Company or any of its Affiliates or seek to persuade any employee of the Company or any of its Affiliates to discontinue
employment or (ii) solicit or encourage any independent contractor providing services to the Company or any of its Affiliates
to terminate or diminish its relationship with them. For the purposes of this Agreement, an “employee” or an
 “independent contractor” of the Company or any of its Affiliates is any Person who was such at any time within
the preceding two (2) years.

 

10.            Enforcement
of Covenants. The Executive acknowledges that she has carefully read and considered all the terms and conditions of this Agreement,
including the restraints imposed upon her pursuant to Sections 7, 8 and 9 hereof. The Executive agrees without reservation that
each of the restraints contained herein is necessary for the reasonable and proper protection of the goodwill, Confidential Information
and other legitimate interests of the Company and its Affiliates; that each and every one of these restraints is reasonable in
respect to subject matter, length of time and geographic area; and that these restraints, individually or in the aggregate, will
not prevent her from obtaining other suitable employment during the period in which the Executive is bound by them. The Executive
further agrees that she will never assert, or permit to be asserted on her behalf, in any forum, any position contrary to the foregoing.
The Executive further acknowledges that, were she to breach any of the covenants contained in Sections 7, 8 or 9 hereof, the damage
to the Company and its Affiliates would be irreparable. The Executive therefore agrees that the Company, in addition and not in
the alternative to any other remedies available to it, shall be entitled to preliminary and permanent injunctive relief against
any breach or threatened breach by the Executive of any of said covenants, without having to post bond. The parties further agree
that, in the event that any provision of Section 7, 8 or 9 hereof shall be determined by any court of competent jurisdiction
to be unenforceable such provision shall be deemed to be modified to permit its enforcement to the maximum extent permitted by
law. The Executive agrees that the Restricted Period shall be tolled, and shall not run, during any period of time in which she
is in violation of the terms thereof, in order that the Company and its Affiliates shall have all of the agreed-upon temporal protection
recited herein. No breach of any provision of this Agreement by the Company, or any other claimed breach of contract or violation
of law, or change in the nature or scope of the Executive’s employment relationship with the Company, shall operate to extinguish
the Executive’s obligation to comply with Sections 7, 8 and 9 hereof. Each of the Company’s Affiliates shall have the
right to enforce all of the Executive’s obligations to that Affiliate under this Agreement, including without limitation
pursuant to Section 7, 8 or 9 hereof.

 

    11

     

    

 

11.            No
Conflicting Agreements. The Executive hereby represents and warrants that the execution of this Agreement and the performance
of her obligations hereunder will not breach or be in conflict with any other agreement to which the Executive is a party or is
bound and that the Executive is not now subject to any covenants against competition or similar covenants or any other obligations
to any Person or to any court order, judgment or decree that would affect the performance of her obligations hereunder. The Executive
will not disclose to or use on behalf of the Company any proprietary information of a third party without such party’s consent.

 

12.            Definitions.
Capitalized words or phrases shall have the meanings provided in this Section 12 and as provided elsewhere herein:

 

(a)            “Affiliate”
means any person or entity directly or indirectly controlling, controlled by the Company, where control may be by either management
authority or equity interest.

 

(b)            “Business”
means the business of delivery of services to the frail and elderly population through the operation of PACE Programs.

 

(c)            “Confidential
Information” means any and all information of the Company and its Affiliates that is not generally available to the public,
and any and all information, publicly known in whole or in part or not, which, if disclosed by the Company or any of its Affiliates,
would assist in competition against any of them. Confidential Information includes without limitation such information relating
to (i) the development, research, testing, manufacturing, marketing and financial activities of the Company and its Affiliates,
(ii) the Services, (iii)the costs, sources of supply, financial performance and strategic plans of the Company and its Affiliates,
(iv) the identity and special needs of the patients of the Company and its Affiliates and (v) the people and organizations
with whom the Company and its Affiliates have business relationships and the nature and substance of those relationships. Confidential
Information also includes information that the Company or any of its Affiliates has received, or may receive hereafter, belonging
to others or that was received by the Company or any of its Affiliates with any understanding, express or implied, that it would
not be disclosed.

 

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(d)            “Intellectual
Property” means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether
or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by
the Executive (whether alone or with others, whether or not during normal business hours or on or off Company premises) during
the Executive’s employment and during the period of six (6) months immediately following termination of her employment
that relate either to the Services or to any prospective activity of the Company or any of its Affiliates or that result from any
work performed by the Executive for the Company or any of its Affiliates or that make use of Confidential Information or any of
the equipment or facilities of the Company or any of its Affiliates.

 

(e)            “Person”
means a natural person, a corporation, a limited liability company, an association, a partnership, an estate, a trust and any other
entity or organization, other than the Company or any of its Affiliates.

 

(f)            “Services”
means all services planned, researched, developed, tested, sold, licensed, leased, or otherwise distributed or put into use by
the Company or any of its Affiliates, together with all products provided or otherwise planned by the Company or any of its Affiliates,
during the Executive’s employment.

 

13.            Indemnification.
During Executive’s employment with the Company and thereafter, the Company shall indemnify and hold Executive and her heirs
and representatives harmless against any and all damages, costs, liabilities, losses and expenses (including reasonable attorneys’
fees) as a result of any claim or proceeding (whether civil, criminal, administrative or investigative), against Executive that
arises out of or relates to Executive’s service as an officer, director or employee, as the case may be, of the Company,
or Executive’s service in any such capacity or similar capacity with any Affiliate of the Company or other entity at the
Company’s request, except, however, the Company’s indemnity shall not apply with respect to matters where the Executive
has been grossly negligent, reckless, or intentionally violated the rights of the Company or of any third party unless at the direction
of the Company, or where the Executive fails to cooperate fully with the Company in the Company’s defense of any claim or
proceeding. The Company agrees to promptly advance to Executive or her heirs or representatives the expenses, including attorneys’
fees and litigation costs, upon written request with documentation of such expenses satisfactory to the Company and upon receipt
of an undertaking by Executive or on Executive’s behalf that such amounts will be promptly repaid should it ultimately be
determined that Executive is not entitled to be indemnified by the Company. The Executive agrees to assist and cooperate with the
Company, both during Executive’s employment with the Company and thereafter, in the defense of any legal action related to
the Executive’s employment upon reasonable notice and at reasonable times and places. During Executive’s employment
with the Company and thereafter, the Company also shall provide Executive with coverage under its current directors’ and
officers’ liability policy to the same extent that it provides such coverage to its other executive officers or directors
and shall be entitled to the same rights of indemnification provided to such other executive officers or directors under the Company’s
by-laws, certificate of incorporation, or other governing documents. This Section 13 shall continue in effect after the termination
of Executive’s employment or the termination of this Agreement.

 

14.            Withholding.
All payments made by the Company under this Agreement shall be reduced by any tax or other amounts required to be withheld by the
Company under applicable law.

 

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15.            Assignment.
Neither the Company nor the Executive may make any assignment of this Agreement or any interest herein, by operation of law or
otherwise, without the prior written consent of the other; provided, however, that the Company may assign its rights and obligations
under this Agreement without the consent of the Executive to one of its Affiliates or in the event that the Company shall hereafter
effect a reorganization with, consolidate with, or merge into, an Affiliate or any Person or transfer all or substantially all
of its properties, stock, or assets to an Affiliate or any Person. This Agreement shall inure to the benefit of and be binding
upon the Company and the Executive, and their respective successors, executors, administrators, heirs and permitted assigns.

 

16.            Severability.
If any portion or provision of this Agreement shall to any extent be declared illegal or unenforceable by a court of competent
jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than
those as to which it is so declared illegal or unenforceable, shall not be affected thereby, and each portion and provision of
this Agreement shall be valid and enforceable to the fullest extent permitted by law.

 

17.            Waiver.
No waiver of any provision hereof shall be effective unless made in writing and signed by the waiving party. The failure of either
party to require the performance of any term or obligation of this Agreement, or the waiver by either party of any breach of this
Agreement, shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach.

 

18.            Notices.
Any and all notices, requests, demands and other communications provided for by this Agreement shall be in writing and shall be
effective when delivered in person, consigned to a reputable national courier service or deposited in the United States mail, postage
prepaid, registered or certified, and addressed to the Executive at her last known address on the books of the Company or, in the
case of the Company, at its principal place of business, attention of the Chair of the Board, or to such other address as either
party may specify by notice to the other actually received.

 

19.            Entire
Agreement. This Agreement constitutes the entire agreement between the parties and supersedes and terminates all prior communications,
agreements and understandings, written or oral, with respect to the terms and conditions of the Executive’s employment with
the Company, including without limitation the Employment Agreement between the Executive and Total Community Options, Inc.
dated January 1, 2012 (the “Prior Agreement”). Notwithstanding the foregoing, this Agreement shall not
supersede any effective assignment of intellectual property to the Company or any of its Affiliates pursuant to the Prior Agreements
or constitute a waiver by the Company or any of its Affiliates of any rights they may have under the Prior Agreement with respect
to confidentiality, intellectual property, or similar obligations imposed upon the Executive.

 

20.            Amendment.
This Agreement may be amended or modified only by a written instrument signed by the Executive and by an expressly authorized representative
of the Company.

 

21.            Headings.
The headings and captions in this Agreement are for convenience only and in no way define or describe the scope or content of any
provision of this Agreement.

 

22.            Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be an original and all of which together shall
constitute one and the same instrument.

 

23.            Governing
Law. This is a Colorado contract and shall be construed and enforced under and be governed in all respects by the laws of the
State of Colorado, without regard to any conflict of laws principles that would result in the application of the laws of any other
jurisdiction.

 

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[The remainder of this page has been
left blank intentionally.]

 

IN WITNESS WHEREOF,
this Agreement has been executed as a sealed instrument by the Company, by its duly authorized representative, and by the Executive,
as of the date first above written.

 

	THE EXECUTIVE	 	THE COMPANY
	 	 	 
	/s/ Maureen Hewitt	 	/s/ Thomas A. Scully
	 Maureen Hewitt	 	By: /s/ Thomas A. Scully
	 	 	Title: President

 

    15

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