Document:

Exhibit 10.1

 

[FORM OF] 

FORTRESS BIOTECH, INC.

2013 STOCK INCENTIVE PLAN

 

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

This Restricted Stock Unit
Award Agreement (this “Agreement”) is made and entered into between Fortress Biotech, Inc. (the “Company”)
and David Jin (“Grantee”), effective as of [•] (such date the “Date of Grant”).
This Agreement sets forth the terms and conditions associated with the Company’s award to Grantee of Restricted Stock Units payable
as described below in shares of Common Stock from the Company pursuant to the Company’s 2013 Stock Incentive Plan (the “Plan”)
for the number of Units set forth below (collectively, the “Award”). Capitalized terms used herein which are
not otherwise defined herein will have the meanings ascribed to them under the Plan.

 

NOW, THEREFORE, in consideration
of the foregoing and Grantee’s continued provision of valuable services as an employee and/or consultant of the Company and/or its
Affiliate, it is agreed by and between the parties as follows:

 

1.            Grant of Units. Effective as of the Date of Grant, the Company hereby grants the Grantee [•] Restricted Stock Units (the
“Units”). The Units are subject to the vesting, payment, and other provisions of this Agreement and the Plan.
Each Unit is subject to settlement into one (1) Share that will be delivered to the Grantee if such Unit becomes vested subject to the
terms of this Agreement, including the settlement provisions in Section 4 below. The Company will account for the Units in a bookkeeping
account on the Grantee’s behalf until they become payable or are forfeited.

 

2.            Vesting. The Units are unvested when granted and will vest pro rata on a monthly basis beginning on [•] and ending on
[•], subject to Grantee’s Continuous Service through the applicable vesting dates, provided that vesting may accelerate or
cease as provided for in this Agreement or in the Plan. Notwithstanding the foregoing, in the event of a Corporate Transaction the Units
shall become 100% vested effective immediately prior to the consummation of the Corporate Transaction.

 

3.            Effect of Termination of Continuous Service. In the event of the termination of Grantee’s Continuous Service, all Units
that are not vested will be forfeited.

 

4.            Delivery
of Shares to Settle Vested Units. Units vested as provided in Section 2 will be settled by delivering to Grantee a number of
Shares equal to the number of vested Units on the [•] business day of [•] following termination of Grantee’s
Continuous Service. On such date, the Company will, at its election, either: (a) issue a certificate representing the Shares payable
pursuant to this Agreement; or (b) not issue any certificate representing the Shares payable pursuant to this Agreement and
instead document the Grantee’s interest in the Shares by registering such Shares with the Company’s transfer agent (or
another custodian selected by the Company) in book-entry form in the Grantee’s name. Notwithstanding the foregoing, in the
event of a Corporate Transaction prior to settlement, settlement of any vested Units will be accelerated and made in cash within
five (5) business days after the Corporate Transaction date, in an amount equal to the result of multiplying the vested Units by the
fair market value of one share of common stock on the Corporate Transaction date, as determined by the Administrator. In addition,
notwithstanding the foregoing, in the event of the death of Grantee prior to settlement, settlement of any vested Units will be
accelerated and made in cash within thirty (30) business days after Grantee’s date of death, in an amount equal to the result
of multiplying the vested Units by the fair market value of one share of common stock on Grantee’s date of death, as
determined by the Administrator.

 

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5.            Capitalization Changes. The number of Units convertible to Shares subject to this Award may be adjusted from time to time by
the Administrator to account for changes in capitalization as described in Section 12 of the Plan.

 

6.            Rights as a Stockholder. The Units represent a right to payment from the Company if the conditions of the Agreement are met
and do not give the Grantee ownership of any Common Stock prior to delivery as provided in Section 4. Grantee shall not have any rights
and/or privileges of a stockholder of the Company with respect to the Units prior to such delivery. If Grantee becomes vested in Units
as provided in Section 2, any Shares to which Grantee becomes entitled shall be delivered to Grantee as provided in Section 4, and Grantee
shall have full ownership of the Shares upon such delivery.

 

7.            Non-Transferability of the Award. The Units and the right to payment under this Agreement are not transferable, may not be
sold, exchanged, transferred, pledged, hypothecated, encumbered or otherwise disposed of except as provided in the Plan. Any purported
transfer of the Units or the right to payment under this Agreement is null and void and will not be given effect.

 

8.            Award Not An Employment Agreement. The Award is not an employment or service contract, and nothing this Agreement confers or
will be construed as conferring upon the Grantee any right to continue in the employment or service of the Company, or as interfering
with or restricting in any way the right of either party to terminate such employment or service at any time.

 

9.            Tax Consequences. Grantee acknowledges that he/she understands the federal, state, and local tax consequences of the Award
and the issuance, vesting, forfeiture, and delivery provisions hereof relating to the Units. Grantee will rely solely on the advice of
his/her own tax advisors and not on any statements or representations of the Company or any of its agents. Grantee understands that Grantee
(and not the Company) shall be responsible for his/her own tax liability that may arise as a result of the Award or the transactions contemplated
by this Agreement.

 

10.          Withholding
Obligations. Grantee understands that, at the time that Grantee becomes vested and/or receives payment for any Units (including
through the delivery of Shares), the Company may be required to withhold federal, state and local income and employment taxes. At
the time of vesting, or at or before the time Grantee receives a distribution of the Shares underlying the Units or other
consideration, or at any time thereafter as requested by the Company, Grantee hereby authorizes the Company to satisfy any required
withholding to satisfy federal, state, local, payroll, and foreign tax withholding obligations of the Company or any Affiliate that
arise in connection with the Units (the “Withholding Taxes”). Notwithstanding any other provision of this
Section, the Company may, in its sole discretion, satisfy all or any portion of the Withholding Taxes obligation relating to the
Units by any of the following means or by a combination of such means: (a) withholding from any compensation otherwise payable to
the Grantee by the Company; (b) causing the Grantee to tender a cash payment; or (c) withholding Shares from the Shares issued or
otherwise issuable to Grantee in connection with the Units with a Fair Market Value (measured as of the date the Withholding Taxes
are to be determined) equal to the amount of such Withholding Taxes; provided, however, that the number of such Shares so
withheld shall not exceed the amount necessary to satisfy the Company’s required tax withholding obligations using the minimum
statutory withholding rates for federal, state, local and foreign tax purposes, including payroll taxes, that are applicable to
supplemental taxable income (or such lesser amount as may be necessary to avoid classification of the Units as a liability for
financial accounting purposes). Grantee understands that all matters with respect to the total amount of taxes to be withheld in
respect of such compensation income will be determined by the Administrator in its reasonable discretion. Grantee further
understands that, although the Company may pay withheld amounts to the applicable taxing authorities, the Grantee is responsible for
payment of all taxes due as a result of compensation arising under the Agreement.

 

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11.          Data Privacy. Grantee acknowledges that the Company
holds certain personal information about Grantee, including, but not limited to: name, home address and telephone number, date of birth,
social security number or other identification number, compensation, nationality, job title, details of the Award, and any other entitlement
to shares of stock awarded, cancelled, exercised, vested or unvested. Grantee consents to the collection, use and transfer, in electronic
or other form, of such personal data for the purpose of implementing, administering, and managing this Award.

 

12.          Notices. Any notice or request required or permitted hereunder shall be given in writing to each of the other parties hereto
and shall be deemed effectively given on the earlier of (a) the date of personal delivery, or (b) three days after the date of deposit
in the United States Mail by registered or certified mail, postage prepaid, return receipt requested, addressed in the case of the Company
to the Company’s Chief Executive Officer at the Company’s primary business address and in the case of the Grantee to the most
recent address shown in the Company’s records.

 

13.          Incorporation
of the Plan; Entire Agreement; Modification. The Award is subject to all the provisions of the Plan, the provisions of which are
hereby made a part of this Agreement, and is further subject to all interpretations, amendments, rules and regulations which may
from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions of this
Agreement and those of the Plan, the provisions of the Plan shall control. This Agreement (including the Plan) sets forth all of the
promises, agreements, conditions and understandings between the parties hereto with respect to the Award, and there are no promises,
agreements, conditions, understandings, warranties or representations, oral or written, express or implied, between them with
respect to the Award other than as set forth therein or herein. This Agreement supersedes and replaces any and all prior agreements
between the parties hereto with respect to Restricted Stock Units granted under this Award. Except as provided by the Plan, no
modification, amendment or waiver of any of the provisions of this Agreement will be effective unless approved in writing by both
parties.

 

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14.          Choice of Law. The interpretation, performance and enforcement of this Agreement shall be governed by the law of the state
of New York without regard to the conflicts of laws rules of any jurisdiction.

 

15.          Miscellaneous. 

 

(a)           The headings of the Sections in this Agreement are inserted for convenience only and shall not be deemed to constitute a part
of this Agreement or to affect the meaning of this Agreement.

 

(b)           If all or any part of this Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid,
such unlawfulness or invalidity shall not invalidate any portion of this Agreement or the Plan not declared to be unlawful or invalid.
Any Section of this Agreement (or part of such a Section) so declared to be unlawful or invalid shall, if possible, be construed in a
manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining lawful
and valid.

 

(c)           This Agreement will inure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators,
successors and assigns. The rights and obligations of the Company under this Agreement shall be transferable by the Company to any one
or more persons or entities, and all covenants and agreements hereunder shall inure to the benefit of, and be enforceable by, the Company’s
successors and assigns.

 

(d)           The waiver by either party of compliance with any provision of this Agreement by the other party will not operate or be construed
as a waiver of any other provision of this Agreement, or of any subsequent breach by such party of a provision of this Agreement.

 

(e)           Grantee agrees upon request to execute any further documents or instruments necessary or desirable in the sole determination
of the Company to carry out the purposes or intent of the Award.

 

(f)            Grantee acknowledges and agrees that he/she (i) has reviewed this Agreement and the Plan in their entirety; (ii) fully understands
the provisions of each such document; and (iii) has had an opportunity to obtain the advice of counsel prior to executing and accepting
the Award. Grantee further acknowledges receipt or the right to receive a document providing the information required by Rule 428(b)(1)
promulgated under the Securities Act.

 

(g)           This Agreement shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies
or national securities exchanges as may be required.

 

(h)           All obligations of the Company under the Plan and this Agreement shall be binding on any successor to the Company, whether
the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially
all of the business and/or assets of the Company.

 

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(i)            This
Agreement may be executed in one or more counterparts, each of which will be deemed an original but all of which together will constitute
one and the same agreement. Facsimile or PDF reproductions of original signatures will be deemed binding for the purpose of the execution
of this Agreement.

 

16.          Application of Section 409A of the Code.

 

(a)           The parties intend that the delivery of Shares or other consideration in respect of the Units provided under this Agreement
satisfies, to the greatest extent possible, the exemption from or is compliant with the application of Section 409A of the Code and the
regulations and other guidance thereunder and any state law of similar effect (collectively, “Section 409A”)
provided under Treasury Regulations Section 1.409A-1(b)(4) (or any other applicable exemption), and this Agreement will be construed to
the greatest extent possible as consistent with those provisions. To the extent not so exempt, the delivery of Shares or other consideration
in respect of the Units provided under this Agreement will be conducted, and this Agreement will be construed, in a manner that complies
with Section 409A and is consistent with the requirements for avoiding taxes or penalties under Section 409A.

 

(b)           The parties further intend that each installment of any payments provided for in this Agreement is a separate “payment”
for purposes of Section 409A.

 

(c)           To the extent any payment hereunder due upon the occurrence of a Corporate Transaction is deferred compensation that is subject
to Section 409A, and is not otherwise exempt from complying with the provisions of Section 409A, then a Corporate Transaction shall only
be deemed to occur if the Corporate Transaction also qualifies as a “change in control event” with respect to the Company
within the meaning of Treasury Regulation Section 1.409A-3(i)(5).

 

(d)           The Company makes no representations to Grantee regarding the compliance of this Agreement or the Units with Section 409A,
and Grantee is solely responsible for the payment of any taxes or penalties arising under Section 409A(a)(1), or any state law of similar
effect, with respect to the grant or vesting of the Units or the delivery of the Shares subject to this Award.

 

[SIGNATURE PAGE FOLLOWS]

 

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IN
WITNESS WHEREOF, the Company has caused this Agreement to be signed by its duly authorized officer, and Grantee has hereunto set his/her
hand and seal.

 

	GRANTEE:	 	COMPANY:
	 	 	 
	 	 	FORTRESS BIOTECH, INC.
	 	 	 
	 	 	By:	 
	David Jin	 	Name:	Lindsay A. Rosenwald, M.D.     
	 	 	Title: Chief Executive Officer

 

    - 6 -XTANT
MEDICAL HOLDINGS, INC.

SECOND
AMENDED AND RESTATED

2018
EQUITY INCENTIVE PLAN

 

(As
amended on October 26, 2022)

 

    	 

     

    

 

Table
of Contents

 

	1.	Purpose
    of Plan.	1
	2.	Definitions.	1
	3.	Plan
    Administration.	6
	4.	Shares
    Available for Issuance.	8
	5.	Participation.	10
	6.	Options.	10
	7.	Stock
    Appreciation Rights.	12
	8.	Restricted
    Stock Awards, Restricted Stock Units and Deferred Stock Units.	12
	9.	Performance
    Awards.	14
	10.	Non-Employee
    Director Awards.	16
	11.	Other
    Stock-Based Awards.	16
	12.	Dividend
    Equivalents.	17
	13.	Effect
    of Termination of Employment or Other Service.	17
	14.	Payment
    of Withholding Taxes.	20
	15.	Change
    in Control.	21
	16.	Rights
    of Eligible Recipients and Participants; Transferability.	23
	17.	Securities
    Law and Other Restrictions.	24
	18.	Deferred
    Compensation; Compliance with Section 409A.	25
	19.	Amendment,
    Modification and Termination.	25
	20.	Substituted
    Awards.	26
	21.	Duration
    of this Plan.	26
	22.	Miscellaneous.	26

 

    	 

     

    

 

XTANT
MEDICAL HOLDINGS, inc.

SECOND AMENDED And restated 2018 EQUITY INCENTIVE PLAN

 

(As
amended on October 26, 2022)

 

1.
Purpose of Plan.

 

The
purpose of the Xtant Medical Holdings, Inc. Second Amended and Restated 2018 Equity Incentive Plan (this “Plan”) is
to advance the interests of Xtant Medical Holdings, Inc., a Delaware corporation (the “Company”), and its stockholders
by enabling the Company and its Subsidiaries to attract and retain qualified individuals to perform services for the Company and its
Subsidiaries, providing incentive compensation for such individuals that is linked to the growth and profitability of the Company and
increases in stockholder value and aligning the interests of such individuals with the interests of its stockholders through opportunities
for equity participation in the Company. The original version of this Plan initially became effective upon its approval by the Company’s
stockholders on August 1, 2018 (the “Initial Effective Date”) and at that time replaced the Amended and Restated Xtant
Medical Equity Incentive Plan Incentive Plan (the “Prior Plan”); although awards outstanding under the Prior Plan
as of the Initial Effective Date remained outstanding in accordance with their terms. After the Initial Effective Date, no more grants
of awards were made under the Prior Plan. This Plan has been approved by the Board and was approved by the stockholders of the Company
on October 26, 2022 (the “Effective Date”).

 

2.
Definitions.

 

The
following terms will have the meanings set forth below, unless the context clearly otherwise requires. Terms defined elsewhere in this
Plan will have the same meaning throughout this Plan.

 

2.1
“Adverse Action” means any action or conduct by a Participant that the Committee, in its sole discretion, determines
to be injurious, detrimental, prejudicial or adverse to the interests of the Company or any Subsidiary, including: (a) disclosing confidential
information of the Company or any Subsidiary to any person not authorized by the Company or Subsidiary to receive it, (b) engaging, directly
or indirectly, in any commercial activity that in the judgment of the Committee competes with the business of the Company or any Subsidiary
or (c) interfering with the relationships of the Company or any Subsidiary and their respective employees, independent contractors, customers,
prospective customers and vendors.

 

2.2
“Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, controlled by
or under common control with, such Person where “control” will have the meaning given such term under Rule 405 of the Securities
Act.

 

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

 

2.4
“Award” means, individually or collectively, an Option, Stock Appreciation Right, Restricted Stock Award, Restricted
Stock Unit, Deferred Stock Unit, Performance Award, Non-Employee Director Award, or Other Stock-Based Award, in each case granted to
an Eligible Recipient pursuant to this Plan.

 

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2.5
“Award Agreement” means either: (a) a written or electronic (as provided in Section 22.7) agreement entered into by
the Company and a Participant setting forth the terms and provisions applicable to an Award granted under this Plan, including any amendment
or modification thereof, or (b) a written or electronic (as provided in Section 22.7) statement issued by the Company to a Participant
describing the terms and provisions of such an Award, including any amendment or modification thereof.

 

2.6
“Board” means the Board of Directors of the Company.

 

2.7
“Broker Exercise Notice” means a written notice pursuant to which a Participant, upon exercise of an Option, irrevocably
instructs a broker or dealer to sell a sufficient number of shares of Common Stock to pay all or a portion of the exercise price of the
Option or any related withholding tax obligations and remit such sums to the Company and directs the Company to deliver shares of Common
Stock to be issued upon such exercise directly to such broker or dealer or its nominee.

 

2.8
“Cause” means, unless otherwise provided in an Award Agreement, (a) “Cause” as defined in any employment,
consulting, severance or similar agreement between the Participant and the Company or one of its Subsidiaries or Affiliates (an “Individual
Agreement”), or (b) if there is no such Individual Agreement or if it does not define Cause: (i) dishonesty, fraud, misrepresentation,
embezzlement or deliberate injury or attempted injury, in each case related to the Company or any Subsidiary; (ii) any unlawful or criminal
activity of a serious nature; (iii) any intentional and deliberate breach of a duty or duties that, individually or in the aggregate,
are material in relation to the Participant’s overall duties; (iv) any material breach by a Participant of any employment, service,
confidentiality, non-compete or non-solicitation agreement entered into with the Company or any Subsidiary; or (v) before a Change in
Control, such other events as will be determined by the Committee. Before a Change in Control, the Committee will, unless otherwise provided
in an Individual Agreement, have the sole discretion to determine whether “Cause” exists with respect to subclauses (i),
(ii), (iii), (iv) or (v) above, and its determination will be final.

 

2.9
“Change in Control” means, unless otherwise provided in an Award Agreement or any Individual Agreement, and except
as provided in Section 18, an event described in Section 15.1 of this Plan.

 

2.10
“Code” means the Internal Revenue Code of 1986, as amended. Any reference to a section of the Code herein will be
deemed to include a reference to any applicable regulations thereunder and any successor or amended section of the Code.

 

2.11
“Committee” means the Board or, if the Board so delegates, the Compensation Committee of the Board or a subcommittee
thereof, or any other committee delegated authority by the Board to administer this Plan. If the Board determines appropriate, such committee
may be comprised solely of directors designated by the Board to administer this Plan who are (a) “non-employee directors”
within the meaning of Rule 16b-3 under the Exchange Act, and (b) “independent directors” within the meaning of the rules
of the NYSE American (or other applicable exchange or market on which the Common Stock may be traded or quoted). The members of the Committee
will be appointed from time to time by and will serve at the discretion of the Board. Any action duly taken by the Committee will be
valid and effective, whether or not the members of the Committee at the time of such action are later determined not to have satisfied
the requirements of membership provided herein.

 

2.12
“Common Stock” means the common stock of the Company, par value $0.000001 per share, or the number and kind of shares
of stock or other securities into which such Common Stock may be changed in accordance with Section 4.4 of this Plan.

 

2.13
“Company” means Xtant Medical Holdings, Inc., a Delaware corporation, and any successor thereto as provided in Section
22.5 of this Plan.

 

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2.14
“Consultant” means a person engaged to provide consulting or advisory services (other than as an Employee or a Director)
to the Company or any Subsidiary that: (a) are not in connection with the offer and sale of the Company’s securities in a capital
raising transaction and (b) do not directly or indirectly promote or maintain a market for the Company’s securities.

 

2.15
“Deferred Stock Unit” means a right granted to an Eligible Recipient pursuant to Section 8 of this Plan to
receive shares of Common Stock (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined
by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral
elections.

 

2.16
“Director” means a member of the Board.

 

2.17
“Disability” means, unless otherwise provided in an Award Agreement, with respect to a Participant who is a party
to an Individual Agreement, which agreement contains a definition of “disability” or “permanent disability” (or
words of like import) for purposes of termination of employment thereunder by the Company, “disability” or “permanent
disability” as defined in the most recent of such agreements; or in all other cases, means the disability of the Participant such
as would entitle the Participant to receive disability income benefits pursuant to the long-term disability plan of the Company or Subsidiary
then covering the Participant or, if no such plan exists or is applicable to the Participant, the permanent and total disability of the
Participant within the meaning of Section 22(e)(3) of the Code.

 

2.18
“Dividend Equivalents” has the meaning set forth in Section 3.2(l) of this Plan.

 

2.19
“Effective Date” means October 26, 2022 or such later date as this Plan is initially approved by the Company’s
stockholders.

 

2.20
“Eligible Recipients” means all Employees, all Non-Employee Directors and all Consultants.

 

2.21
“Employee” means any individual performing services for the Company or a Subsidiary and designated as an employee
of the Company or a Subsidiary on the payroll records thereof. An Employee will not include any individual during any period he or she
is classified or treated by the Company or Subsidiary as an independent contractor, a consultant, or any employee of an employment, consulting
or temporary agency or any other entity other than the Company or Subsidiary, without regard to whether such individual is subsequently
determined to have been, or is subsequently retroactively reclassified as a common-law employee of the Company or Subsidiary during such
period. An individual will not cease to be an Employee in the case of: (a) any leave of absence approved by the Company, or (b) transfers
between locations of the Company or between the Company or any Subsidiaries. For purposes of Incentive Stock Options, no such leave may
exceed ninety (90) days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon
expiration of a leave of absence approved by the Company or a Subsidiary, as applicable, is not so guaranteed, then three (3) months
following the ninety-first (91st) day of such leave, any Incentive Stock Option held by a Participant will cease to be treated as an
Incentive Stock Option and will be treated for tax purposes as a Non-Statutory Stock Option. Neither service as a Director nor payment
of a Director’s fee by the Company will be sufficient to constitute “employment” by the Company.

 

2.22
“Exchange Act” means the Securities Exchange Act of 1934, as amended. Any reference to a section of the Exchange Act
herein will be deemed to include a reference to any applicable rules and regulations thereunder and any successor or amended section
of the Exchange Act.

 

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2.23
“Fair Market Value” means, with respect to the Common Stock, as of any date a price that is based on the opening,
closing, actual, high, low, or average selling prices of a share of Common Stock as reported on the NYSE American or other established
stock exchange (or exchanges) or if the Common Stock is not so listed, admitted to unlisted trading privileges or reported on any national
exchange, then as reported by the OTC Bulletin Board, OTC Markets or other comparable quotation service, on the applicable date, the
preceding trading day, the next succeeding trading day, or an average of trading days that is within thirty (30) days before or after
the applicable valuation date, as determined by the Committee in its discretion, provided that with respect to establishing the exercise
price of an Option or Stock Appreciation Right, the Committee shall irrevocably commit to grant such Award prior to the period during
which the Fair Market Value is determined. Unless the Committee determines otherwise, Fair Market Value shall be deemed to be equal to
the closing sale price of the Common Stock as of the immediately preceding trading date at the end of the regular trading session, as
reported by the NYSE American or any national securities exchange on which the Common Stock is then listed (or, if no shares were traded
on such date, as of the next preceding date on which there was such a trade) or if the Common Stock is not so listed, admitted to unlisted
trading privileges or reported on any national exchange, the closing sale price as of the immediately preceding trading date at the end
of the regular trading session, as reported by the OTC Bulletin Board, OTC Markets or other comparable quotation service (or, if no shares
were traded or quoted on such date, as of the next preceding date on which there was such a trade or quote). In the event the Common
Stock is not publicly traded at the time a determination of its value is required to be made hereunder, the determination of Fair Market
Value shall be made by the Committee in such manner as it deems appropriate and in good faith in the exercise of its reasonable discretion,
and consistent with the definition of “fair market value” under Section 409A of the Code. If determined by the Committee,
such determination will be final, conclusive and binding for all purposes and on all persons, including the Company, the stockholders
of the Company, the Participants and their respective successors-in-interest. No member of the Committee will be liable for any determination
regarding the fair market value of the Common Stock that is made in good faith.

 

2.24
“Grant Date” means the date an Award is granted to a Participant pursuant to this Plan and as determined pursuant
to Section 5 of this Plan.

 

2.25
“Incentive Stock Option” means a right to purchase Common Stock granted to an Employee pursuant to Section 6 of this
Plan that is designated as and intended to meet the requirements of an “incentive stock option” within the meaning of Section
422 of the Code.

 

2.26
“Individual Agreement” has the meaning set forth in Section 2.8 of this Plan.

 

2.27
“Non-Employee Director” means a Director who is not an Employee.

 

2.28
“Non-Employee Director Award” means any Award granted, whether singly, in combination, or in tandem, to an Eligible
Recipient who is a Non-Employee Director, pursuant to such applicable terms, conditions and limitations as the Board or Committee may
establish in accordance with this Plan, including any Non-Employee Director Option.

 

2.29
“Non-Employee Director Option” means a Non-Statutory Stock Option granted to a Non-Employee Director pursuant to Section
10 of this Plan.

 

2.30
“Non-Statutory Stock Option” means a right to purchase Common Stock granted to an Eligible Recipient pursuant to Section
6 of this Plan that is not intended to meet the requirements of or does not qualify as an Incentive Stock Option.

 

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2.31
“Option” means an Incentive Stock Option or a Non-Statutory Stock Option, including a Non-Employee Director Option.

 

2.32
“Other Stock-Based Award” means an Award, denominated in Shares, not otherwise described by the terms of this Plan,
granted pursuant to Section 11 of this Plan.

 

2.33
“Participant” means an Eligible Recipient who receives one or more Awards under this Plan.

 

2.34
“Performance Award” means a right granted to an Eligible Recipient pursuant to Section 9 of this Plan to receive an
amount of cash, number of shares of Common Stock, or a combination of both, contingent upon and the value of which at the time it is
payable is determined as a function of the extent of the achievement of one or more Performance Goals during a specified Performance
Period or the achievement of other objectives during a specified period.

 

2.35
“Performance Goals” mean with respect to any applicable Award, one or more targets, goals or levels of attainment
required to be achieved during the specified Performance Period, as set forth in the related Award Agreement.

 

2.36
“Performance Period” means the period of time, as determined by the Committee, during which the Performance Goals
must be met in order to determine the degree of payout or vesting with respect to an Award.

 

2.37
“Period of Restriction” means the period when a Restricted Stock Award or Restricted Stock Units are subject to a
substantial risk of forfeiture (based on the passage of time, the achievement of Performance Goals, or upon the occurrence of other events
as determined by the Committee, in its discretion), as provided in Section 8 of this Plan.

 

2.38
“Person” means an individual, partnership, corporation, limited liability company, business trust, joint stock company,
trust, unincorporated association, joint venture, governmental authority or any other entity of whatever nature.

 

2.39
“Plan” means the Xtant Medical Holdings, Inc. Second Amended and Restated 2018 Equity Incentive Plan, as may be amended
from time to time.

 

2.40
“Plan Year” means the Company’s fiscal year.

 

2.41
“Previously Acquired Shares” means shares of Common Stock that are already owned by the Participant or, with respect
to any Award, that are to be issued to the Participant upon the grant, exercise, vesting or settlement of such Award.

 

2.42
“Prior Plan” means the Amended and Restated Xtant Medical Equity Incentive Plan.

 

2.43
“Restricted Stock Award” means an award of Common Stock granted to an Eligible Recipient pursuant to Section 8 of
this Plan that is subject to the restrictions on transferability and the risk of forfeiture imposed by the provisions of such Section
8.

 

2.44
“Restricted Stock Unit” means an award denominated in shares of Common Stock granted to an Eligible Recipient pursuant
to Section 8 of this Plan.

 

    	5

     

    

 

2.45
“Retirement,” means, unless otherwise defined in the Award Agreement or in an Individual Agreement between the Participant
and the Company or one of its Subsidiaries or Affiliates, “Retirement” as defined from time to time for purposes of this
Plan by the Committee or by the Company’s chief human resources officer or other person performing that function or, if not so
defined, means voluntary termination of employment or service by the Participant on or after the date the Participant reaches age fifty-five
(55) with the present intention to leave the Company’s industry or to leave the general workforce.

 

2.46
“Securities Act” means the Securities Act of 1933, as amended. Any reference to a section of the Securities Act herein
will be deemed to include a reference to any applicable rules and regulations thereunder and any successor or amended section of the
Securities Act.

 

2.47
“Stock Appreciation Right” means a right granted to an Eligible Recipient pursuant to Section 7 of this Plan to receive
a payment from the Company upon exercise, in the form of shares of Common Stock, cash or a combination of both, equal to the difference
between the Fair Market Value of one or more shares of Common Stock and the grant price of such shares under the terms of such Stock
Appreciation Right.

 

2.48
“Stock-Based Award” means any Award, denominated in Shares, made pursuant to this Plan, including Options, Stock Appreciation
Rights, Restricted Stock, Restricted Stock Units, Deferred Stock Units, Performance Awards or Other Stock-Based Awards.

 

2.49
“Subsidiary” means any corporation or other entity, whether domestic or foreign, in which the Company has or obtains,
directly or indirectly, an interest of more than fifty percent (50%) by reason of stock ownership or otherwise.

 

2.50
“Tax Date” means the date any withholding or employment related tax obligation arises under the Code or any Applicable
Law for a Participant with respect to an Award.

 

2.51
“Tax Laws” has the meaning set forth in Section 22.8 of this Plan.

 

3.
Plan Administration.

 

3.1
The Committee. The Plan will be administered by the Committee. The Committee will act by majority approval of the members at a
meeting or by unanimous written consent, and a majority of the members of the Committee will constitute a quorum. The Committee may exercise
its duties, power and authority under this Plan in its sole discretion without the consent of any Participant or other party, unless
this Plan specifically provides otherwise. The Committee will not be obligated to treat Participants or Eligible Recipients uniformly,
and determinations made under this Plan may be made by the Committee selectively among Participants or Eligible Recipients, whether or
not such Participants and Eligible Recipients are similarly situated. Each determination, interpretation or other action made or taken
by the Committee pursuant to the provisions of this Plan will be final, conclusive and binding for all purposes and on all persons, and
no member of the Committee will be liable for any action or determination made in good faith with respect to this Plan or any Award granted
under this Plan.

 

    	6

     

    

 

3.2
Authority of the Committee. In accordance with and subject to the provisions of this Plan, the Committee will have full and exclusive
discretionary power and authority to take such actions as it deems necessary and advisable with respect to the administration of this
Plan, including the following:

 

(a)
To designate the Eligible Recipients to be selected as Participants;

 

(b)
To determine the nature, extent and terms of the Awards to be made to each Participant, including the amount of cash or number of shares
of Common Stock to be subject to each Award, any exercise price or grant price, the manner in which Awards will vest, become exercisable,
settled or paid out and whether Awards will be granted in tandem with other Awards, and the form of Award Agreement, if any, evidencing
such Award;

 

(c)
To determine the time or times when Awards will be granted;

 

(d)
To determine the duration of each Award;

 

(e)
To determine the terms, restrictions and other conditions to which the grant of an Award or the payment or vesting of Awards may be subject;

 

(f)
To construe and interpret this Plan and Awards granted under it, and to establish, amend and revoke rules and regulations for its administration
and in so doing, to correct any defect, omission, or inconsistency in this Plan or in an Award Agreement, in a manner and to the extent
it will deem necessary or expedient to make this Plan fully effective;

 

(g)
To determine Fair Market Value in accordance with Section 2.23 of this Plan;

 

(h)
To amend this Plan or any Award Agreement, as provided in this Plan;

 

(i)
To adopt subplans or special provisions applicable to Awards regulated by the laws of a jurisdiction other than, and outside of, the
United States, which except as otherwise provided in this Plan, such subplans or special provisions may take precedence over other provisions
of this Plan;

 

(j)
To authorize any person to execute on behalf of the Company any Award Agreement or any other instrument required to effect the grant
of an Award previously granted by the Committee;

 

(k)
To determine whether Awards will be settled in shares of Common Stock, cash or in any combination thereof;

 

(l)
To determine whether Awards will be adjusted for dividend equivalents, with “Dividend Equivalents” meaning a credit, made
at the discretion of the Committee, to the account of a Participant in an amount equal to the cash dividends paid on one share of Common
Stock for each share of Common Stock represented by an Award held by such Participant, subject to Section 12 of this Plan and any other
provision of this Plan, and which Dividend Equivalents may be subject to the same conditions and restrictions as the Awards to which
they attach and may be settled in the form of cash, shares of Common Stock, or in any combination of both; and

 

(m)
To impose such restrictions, conditions or limitations as it determines appropriate as to the timing and manner of any resales by a Participant
or other subsequent transfers by the Participant of any shares of Common Stock, including restrictions under an insider trading policy,
stock ownership guidelines, restrictions as to the use of a specified brokerage firm for such resales or other transfers and other restrictions
designed to increase equity ownership by Participants or otherwise align the interests of Participants with the Company’s stockholders.

 

    	7

     

    

 

3.3
Delegation. To the extent permitted by Applicable Law, the Committee may delegate to one or more of its members or to one or more
officers of the Company or any Subsidiary or to one or more agents or advisors such administrative duties or powers as it may deem advisable,
and the Committee or any individuals to whom it has delegated duties or powers as aforesaid may employ one or more individuals to render
advice with respect to any responsibility the Committee or such individuals may have under this Plan. The Committee may, by resolution,
authorize one or more directors of the Company or one or more officers of the Company to do one or both of the following on the same
basis as can the Committee: (a) designate Eligible Recipients to be recipients of Awards pursuant to this Plan; and (b) determine the
size of any such Awards; provided, however, that (x) the Committee will not delegate such responsibilities to any such
director(s) or officer(s) for any Awards granted to an Eligible Recipient: (i) who is a Non-Employee Director or who is subject to the
reporting and liability provisions of Section 16 under the Exchange Act, or (ii) to whom authority to grant or amend Awards has been
delegated hereunder; provided, further; that any delegation of administrative authority will only be permitted to the extent
it is permissible under Applicable Law; (y) the resolution providing such authorization will set forth the type of Awards and total number
of each type of Awards such director(s) or officer(s) may grant; and (z) such director(s) or officer(s) will report periodically to the
Committee regarding the nature and scope of the Awards granted pursuant to the authority delegated. At all times, the delagatee appointed
under this Section 3.3 will serve in such capacity at the pleasure of the Committee.

 

3.4
No Re-pricing. Notwithstanding any other provision of this Plan other than Section 4.5 of this Plan, the Committee may not, without
prior approval of the Company’s stockholders, seek to effect any re-pricing of any previously granted, “underwater”
Option or Stock Appreciation Right by: (a) amending or modifying the terms of the Option or Stock Appreciation Right to lower the exercise
price or grant price; (b) canceling the underwater Option or Stock Appreciation Right in exchange for (i) cash; (ii) replacement Options
or Stock Appreciation Rights having a lower exercise price or grant price; or (iii) other Awards; or (c) repurchasing the underwater
Options or Stock Appreciation Rights and granting new Awards under this Plan. For purposes of this Section 3.4, an Option or Stock Appreciation
Right will be deemed to be “underwater” at any time when the Fair Market Value of the Common Stock is less than the exercise
price of the Option or grant price of the Stock Appreciation Right.

 

3.5
Participants Based Outside of the United States. In addition to the authority of the Committee under Section 3.2(i) and notwithstanding
any other provision of this Plan, the Committee may, in its sole discretion, amend the terms of this Plan or Awards with respect to Participants
resident outside of the United States or employed by a non-U.S. Subsidiary in order to comply with local legal requirements, to otherwise
protect the Company’s or Subsidiary’s interests or to meet objectives of this Plan, and may, where appropriate, establish
one or more sub-plans (including the adoption of any required rules and regulations) for the purposes of qualifying for preferred tax
treatment under foreign tax laws. The Committee will have no authority, however, to take action pursuant to this Section 3.5: (a) to
reserve shares of Common Stock or grant Awards in excess of the limitations provided in Section 4.1 of this Plan; (b) to effect any re-pricing
in violation of Section 3.4 of this Plan; (c) to grant Options or Stock Appreciation Rights having an exercise price or grant price less
than one hundred percent (100%) of the Fair Market Value of one share of Common Stock on the Grant Date in violation of Section 6.3 or
Section 7.3 of this Plan; or (d) for which stockholder approval would then be required pursuant to Section 19.2 of this Plan.

 

4.
Shares Available for Issuance.

 

4.1
Maximum Number of Shares Available. Subject to adjustment as provided in Section 4.4 of this Plan, the maximum number of shares
of Common Stock that will be available for issuance under this Plan shall not exceed 16,858,055 shares.

 

    	8

     

    

 

4.2
Limits on Incentive Stock Options and Non-Employee Director Compensation. Notwithstanding any other provisions of this Plan to
the contrary and subject to adjustment as provided in Section 4.5 of this Plan,

 

(a)
the maximum aggregate number of shares of Common Stock that will be available for issuance pursuant to Incentive Stock Options under
this Plan shall not exceed 16,858,055 shares; and

 

(b)
the sum of any cash compensation, or other compensation, and the value (determined as of the grant date in accordance with Financial
Accounting Standards Board Accounting Standards Codification Topic 718, or any successor thereto) of Awards granted to a Non-Employee
Director as compensation for services as a Non-Employee Director during any fiscal year of the Company may not exceed $400,000 (increased
to $600,000 with respect to any Non-Employee Director serving as Chairman of the Board or Lead Independent Director or in the fiscal
year of a non-employee Director’s initial service as a Non-Employee Director) (with any compensation that is deferred counting
towards this limit for the year in which the compensation is first earned, and not a later year of settlement).

 

4.3
Accounting for Awards. Shares of Common Stock that are issued under this Plan or that are subject to outstanding Awards will be
applied to reduce the maximum number of shares of Common Stock remaining available for issuance under this Plan only to the extent they
are used; provided, however, that the full number of shares of Common Stock subject to a stock-settled Stock Appreciation
Right or other Stock-Based Award will be counted against the shares authorized for issuance under this Plan, regardless of the number
of shares actually issued upon settlement of such Stock Appreciation Right or other Stock-Based Award. Furthermore, any shares of Common
Stock withheld to satisfy tax withholding obligations on Awards issued under this Plan, any shares of Common Stock withheld to pay the
exercise price or grant price of Awards under this Plan and any shares of Common Stock not issued or delivered as a result of the “net
exercise” of an outstanding Option pursuant to Section 6.5 or settlement of a Stock Appreciation Right in shares of Common Stock
pursuant to Section 7.7 will be counted against the shares of Common Stock authorized for issuance under this Plan and will not be available
again for grant under this Plan. Shares of Common Stock subject to Awards settled in cash will again be available for issuance pursuant
to Awards granted under the Plan. Any shares of Common Stock repurchased by the Company on the open market using the proceeds from the
exercise of an Award will not increase the number of shares of Common Stock available for future grant of Awards. Any shares of Common
Stock related to Awards granted under this Plan that terminate by expiration, forfeiture, cancellation or otherwise without the issuance
of the shares of Common Stock, will be available again for grant under this Plan. To the extent permitted by Applicable Law, shares of
Common Stock issued in assumption of, or in substitution for, any outstanding awards of any entity acquired in any form of combination
by the Company or a Subsidiary pursuant to Section 20 of this Plan or otherwise will not be counted against shares of Common Stock available
for issuance pursuant to this Plan. The shares of Common Stock available for issuance under this Plan may be authorized and unissued
shares or treasury shares.

 

4.4
Adjustments to Shares and Awards.

 

(a)
In the event of any reorganization, merger, consolidation, recapitalization, liquidation, reclassification, stock dividend, stock split,
combination of shares, rights offering, divestiture or extraordinary dividend (including a spin off) or any other similar change in the
corporate structure or shares of Common Stock the Company, the Committee (or, if the Company is not the surviving corporation in any
such transaction, the board of directors of the surviving corporation) will make appropriate adjustment or substitutions (which determination
will be conclusive) as to: (i) the number and kind of securities or other property (including cash) available for issuance or payment
under this Plan, including the sub-limits set forth in Section 4.2 of this Plan, and (ii) in order to prevent dilution or enlargement
of the rights of Participants, the number and kind of securities or other property (including cash) subject to outstanding Awards and
the exercise price of outstanding Awards; provided, however, that this Section 4.4 will not limit the authority of the
Committee to take action pursuant to Section 15 of this Plan in the event of a Change in Control. The determination of the Committee
as to the foregoing adjustments and/or substitutions, if any, will be final, conclusive and binding on Participants under this Plan.

 

    	9

     

    

 

(b)
Notwithstanding anything else herein to the contrary, without affecting the number of shares of Common Stock reserved or available hereunder,
the limits in Section 4.2 of this Plan, the Committee may authorize the issuance or assumption of benefits under this Plan in connection
with any merger, consolidation, acquisition of property or stock or reorganization upon such terms and conditions as it may deem appropriate,
subject to compliance with the rules under Sections 422, 424 and 409A of the Code, as and where applicable.

 

5.
Participation.

 

Participants
in this Plan will be those Eligible Recipients who, in the judgment of the Committee, have contributed, are contributing or are expected
to contribute to the achievement of the objectives of the Company or its Subsidiaries. Eligible Recipients may be granted from time to
time one or more Awards, singly or in combination or in tandem with other Awards, as may be determined by the Committee in its sole discretion.
Awards will be deemed to be granted as of the date specified in the grant resolution of the Committee, which date will be the Grant Date
of any related Award Agreement with the Participant.

 

6.
Options.

 

6.1
Grant. An Eligible Recipient may be granted one or more Options under this Plan, and such Options will be subject to such terms
and conditions, consistent with the other provisions of this Plan, as may be determined by the Committee in its sole discretion. Incentive
Stock Options may be granted solely to eligible Employees of the Company or a Subsidiary. The Committee may designate whether an Option
is to be considered an Incentive Stock Option or a Non-Statutory Stock Option. To the extent that any Incentive Stock Option (or portion
thereof) granted under this Plan ceases for any reason to qualify as an “incentive stock option” for purposes of Section
422 of the Code, such Incentive Stock Option (or portion thereof) will continue to be outstanding for purposes of this Plan but will
thereafter be deemed to be a Non-Statutory Stock Option. Options may be granted to an Eligible Recipient for services provided to a Subsidiary
only if, with respect to such Eligible Recipient, the underlying shares of Common Stock constitute “service recipient stock”
within the meaning of Treas. Reg. Sec. 1.409A-1(b)(5)(iii) promulgated under the Code.

 

6.2
Award Agreement. Each Option grant will be evidenced by an Award Agreement that will specify the exercise price of the Option,
the maximum duration of the Option, the number of shares of Common Stock to which the Option pertains, the conditions upon which an Option
will become vested and exercisable, and such other provisions as the Committee will determine which are not inconsistent with the terms
of this Plan. The Award Agreement also will specify whether the Option is intended to be an Incentive Stock Option or a Non-Statutory
Stock Option.

 

6.3
Exercise Price. The per share price to be paid by a Participant upon exercise of an Option granted pursuant to this Section 6
will be determined by the Committee in its sole discretion at the time of the Option grant; provided, however, that such
price will not be less than one hundred percent (100%) of the Fair Market Value of one share of Common Stock on the Grant Date (one hundred
and ten percent (110%) of the Fair Market Value if, at the time the Incentive Stock Option is granted, the Participant owns, directly
or indirectly, more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any parent or
subsidiary corporation of the Company).

 

    	10

     

    

 

6.4
Exercisability and Duration. An Option will become exercisable at such times and in such installments and upon such terms and
conditions as may be determined by the Committee in its sole discretion at the time of grant, including (a) the achievement of one or
more of the Performance Goals; or that (b) the Participant remain in the continuous employment or service with the Company or a Subsidiary
for a certain period; provided, however, that no Option may be exercisable after ten (10) years from the Grant Date (five
(5) years from the Grant Date in the case of an Incentive Stock Option that is granted to a Participant who owns, directly or indirectly,
more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any parent or subsidiary corporation
of the Company). Notwithstanding the foregoing, if the exercise of an Option that is exercisable in accordance with its terms is prevented
by the provisions of Section 17 of this Plan, the Option will remain exercisable until thirty (30) days after the date such exercise
first would no longer be prevented by such provisions, but in any event no later than the expiration date of such Option.

 

6.5
Payment of Exercise Price.

 

(a)
The total purchase price of the shares of Common Stock to be purchased upon exercise of an Option will be paid entirely in cash (including
check, bank draft or money order); provided, however, that the Committee, in its sole discretion and upon terms and conditions
established by the Committee, may allow such payments to be made, in whole or in part, by (i) tender of a Broker Exercise Notice; (ii)
by tender, either by actual delivery or attestation as to ownership, of Previously Acquired Shares; (iii) a “net exercise”
of the Option (as further described in paragraph (b), below); (iv) by a combination of such methods; or (v) any other method approved
or accepted by the Committee in its sole discretion. Notwithstanding any other provision of this Plan to the contrary, no Participant
who is a Director or an “executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act will be
permitted to make payment with respect to any Awards granted under this Plan, or continue any extension of credit with respect to such
payment with a loan from the Company or a loan arranged by the Company in violation of Section 13(k) of the Exchange Act.

 

(b)
In the case of a “net exercise” of an Option, the Company will not require a payment of the exercise price of the Option
from the Participant but will reduce the number of shares of Common Stock issued upon the exercise by the largest number of whole shares
that has a Fair Market Value on the exercise date that does not exceed the aggregate exercise price for the shares exercised under this
method. Shares of Common Stock will no longer be outstanding under an Option (and will therefore not thereafter be exercisable) following
the exercise of such Option to the extent of (i) shares used to pay the exercise price of an Option under the “net exercise,”
(ii) shares actually delivered to the Participant as a result of such exercise and (iii) any shares withheld for purposes of tax withholding
pursuant to Section 14 of this Plan.

 

(c)
For purposes of such payment, Previously Acquired Shares tendered or covered by an attestation will be valued at their Fair Market Value
on the exercise date of the Option.

 

6.6
Manner of Exercise. An Option may be exercised by a Participant in whole or in part from time to time, subject to the conditions
contained in this Plan and in the Award Agreement evidencing such Option, by delivery in person, by facsimile or electronic transmission
or through the mail of written notice of exercise to the Company at its principal executive office (or to the Company’s designee
as may be established from time to time by the Company and communicated to Participants) and by paying in full the total exercise price
for the shares of Common Stock to be purchased in accordance with Section 6.5 of this Plan.

 

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7.
Stock Appreciation Rights.

 

7.1
Grant. An Eligible Recipient may be granted one or more Stock Appreciation Rights under this Plan, and such Stock Appreciation
Rights will be subject to such terms and conditions, consistent with the other provisions of this Plan, as may be determined by the Committee
in its sole discretion. Stock Appreciation Rights may be granted to an Eligible Recipient for services provided to a Subsidiary only
if, with respect to such Eligible Recipient, the underlying shares of Common Stock constitute “service recipient stock” within
the meaning of Treas. Reg. Sec. 1.409A-1(b)(5)(iii) promulgated under the Code.

 

7.2
Award Agreement. Each Stock Appreciation Right will be evidenced by an Award Agreement that will specify the grant price of the
Stock Appreciation Right, the term of the Stock Appreciation Right, and such other provisions as the Committee will determine which are
not inconsistent with the terms of this Plan.

 

7.3
Grant Price. The grant price of a Stock Appreciation Right will be determined by the Committee, in its discretion, at the Grant
Date; provided, however, that such price may not be less than one hundred percent (100%) of the Fair Market Value of one
share of Common Stock on the Grant Date.

 

7.4
Exercisability and Duration. A Stock Appreciation Right will become exercisable at such times and in such installments as may
be determined by the Committee in its sole discretion at the time of grant; provided, however, that no Stock Appreciation
Right may be exercisable after ten (10) years from its Grant Date. Notwithstanding the foregoing, if the exercise of a Stock Appreciation
Right that is exercisable in accordance with its terms is prevented by the provisions of Section 17 of this Plan, the Stock Appreciation
Right will remain exercisable until thirty (30) days after the date such exercise first would no longer be prevented by such provisions,
but in any event no later than the expiration date of such Stock Appreciation Right.

 

7.5
Manner of Exercise. A Stock Appreciation Right will be exercised by giving notice in the same manner as for Options, as set forth
in Section 6.6 of this Plan, subject to any other terms and conditions consistent with the other provisions of this Plan as may be determined
by the Committee in its sole discretion.

 

7.6
Settlement. Upon the exercise of a Stock Appreciation Right, a Participant will be entitled to receive payment from the Company
in an amount determined by multiplying:

 

(a)
The excess of the Fair Market Value of a share of Common Stock on the date of exercise over the per share grant price; by

 

(b)
The number of shares of Common Stock with respect to which the Stock Appreciation Right is exercised.

 

7.7
Form of Payment. Payment, if any, with respect to a Stock Appreciation Right settled in accordance with Section 7.6 of this Plan
will be made in accordance with the terms of the applicable Award Agreement, in cash, shares of Common Stock or a combination thereof,
as the Committee determines.

 

8.
Restricted Stock Awards, Restricted Stock Units and Deferred Stock Units.

 

8.1
Grant. An Eligible Recipient may be granted one or more Restricted Stock Awards, Restricted Stock Units or Deferred Stock Units
under this Plan, and such Awards will be subject to such terms and conditions, consistent with the other provisions of this Plan, as
may be determined by the Committee in its sole discretion. Restricted Stock Units will be similar to Restricted Stock Awards except that
no shares of Common Stock are actually awarded to the Participant on the Grant Date of the Restricted Stock Units. Restricted Stock Units
and Deferred Stock Units will be denominated in shares of Common Stock but paid in cash, shares of Common Stock or a combination of cash
and shares of Common Stock as the Committee, in its sole discretion, will determine, and as provided in the Award Agreement.

 

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8.2
Award Agreement. Each Restricted Stock Award, Restricted Stock Unit or Deferred Stock Unit grant will be evidenced by an Award
Agreement that will specify the type of Award, the period(s) of restriction, the number of shares of restricted Common Stock, or the
number of Restricted Stock Units or Deferred Stock Units granted, and such other provisions as the Committee will determine that are
not inconsistent with the terms of this Plan.

 

8.3
Conditions and Restrictions. Subject to the terms and conditions of this Plan, the Committee will impose such conditions or restrictions
on a Restricted Stock Award, Restricted Stock Units or Deferred Stock Units granted pursuant to this Plan as it may deem advisable including
a requirement that Participants pay a stipulated purchase price for each share of Common Stock underlying a Restricted Stock Award, Restricted
Stock Unit or Deferred Stock Unit, restrictions based upon the achievement of specific Performance Goals, time-based restrictions on
vesting following the attainment of the Performance Goals, time-based restrictions, restrictions under Applicable Laws or holding requirements
or sale restrictions placed on the shares of Common Stock by the Company upon vesting of such Restricted Stock Award, Restricted Stock
Units or Deferred Stock Units.

 

8.4
Voting Rights. Unless otherwise determined by the Committee and set forth in a Participant’s Award Agreement, to the extent
permitted or required by Applicable Law, as determined by the Committee, Participants holding a Restricted Stock Award granted hereunder
will be granted the right to exercise full voting rights with respect to the shares of Common Stock underlying such Restricted Stock
Award during the Period of Restriction. A Participant will have no voting rights with respect to any Restricted Stock Units or Deferred
Stock Units granted hereunder.

 

8.5
Dividend Rights.

 

(a)
Unless otherwise determined by the Committee and set forth in a Participant’s Award Agreement, to the extent permitted or required
by Applicable Law, as determined by the Committee, Participants holding a Restricted Stock Award granted hereunder will have the same
dividend rights as the Company’s other stockholders. Notwithstanding the foregoing any such dividends as to a Restricted Stock
Award that is subject to vesting requirements will be subject to forfeiture and termination to the same extent as the Restricted Stock
Award to which such dividends relate and the Award Agreement may require that any cash dividends be reinvested in additional shares of
Common Stock subject to the Restricted Stock Award and subject to the same conditions and restrictions as the Restricted Stock Award
with respect to which the dividends were paid. In no event will dividends with respect to Restricted Stock Awards that are subject to
vesting be paid or distributed until the vesting provisions of such Restricted Stock Award lapse.

 

(b)
Unless otherwise determined by the Committee and set forth in a Participant’s Award Agreement, to the extent permitted or required
by Applicable Law, as determined by the Committee, prior to settlement or forfeiture, any Restricted Stock Units or Deferred Stock Unit
awarded under this Plan may, at the Committee’s discretion, carry with it a right to Dividend Equivalents. Such right entitles
the Participant to be credited with an amount equal to all cash dividends paid on one share of Common Stock while the Restricted Stock
Unit or Deferred Stock Unit is outstanding. Dividend Equivalents may be converted into additional Restricted Stock Units or Deferred
Stock Units and may (and will, to the extent required below) be made subject to the same conditions and restrictions as the Restricted
Stock Units or Deferred Stock Units to which they attach. Settlement of Dividend Equivalents may be made in the form of cash, in the
form of shares of Common Stock, or in a combination of both. Dividend Equivalents as to Restricted Stock Units or Deferred Stock Units
will be subject to forfeiture and termination to the same extent as the corresponding Restricted Stock Units or Deferred Stock Units
as to which the Dividend Equivalents relate. In no event will Participants holding Restricted Stock Units or Deferred Stock Units be
entitled to receive any Dividend Equivalents on such Restricted Stock Units or Deferred Stock Units until the vesting provisions of such
Restricted Stock Units or Deferred Stock Units lapse.

 

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8.6
Enforcement of Restrictions. To enforce the restrictions referred to in this Section 8, the Committee may place a legend on the
stock certificates representing Restricted Stock Awards referring to such restrictions and may require the Participant, until the restrictions
have lapsed, to keep the stock certificates, together with duly endorsed stock powers, in the custody of the Company or its transfer
agent, or to maintain evidence of stock ownership, together with duly endorsed stock powers, in a certificateless book entry stock account
with the Company’s transfer agent. Alternatively, Restricted Stock Awards may be held in non-certificated form pursuant to such
terms and conditions as the Company may establish with its registrar and transfer agent or any third-party administrator designated by
the Company to hold Restricted Stock Awards on behalf of Participants.

 

8.7
Lapse of Restrictions; Settlement. Except as otherwise provided in this Plan, including without limitation this Section 8 and
16.4 of this Plan, shares of Common Stock underlying a Restricted Stock Award will become freely transferable by the Participant after
all conditions and restrictions applicable to such shares have been satisfied or lapse (including satisfaction of any applicable tax
withholding obligations). Upon the vesting of a Restricted Stock Unit, the Restricted Stock Unit will be settled, subject to the terms
and conditions of the applicable Award Agreement, (a) in cash, based upon the Fair Market Value of the vested underlying shares of Common
Stock, (b) in shares of Common Stock or (c) a combination thereof, as provided in the Award Agreement, except to the extent that a Participant
has properly elected to defer income that may be attributable to a Restricted Stock Unit under a Company deferred compensation plan or
arrangement.

 

8.8
Section 83(b) Election for Restricted Stock Award. If a Participant makes an election pursuant to Section 83(b) of the Code with
respect to a Restricted Stock Award, the Participant must file, within thirty (30) days following the Grant Date of the Restricted Stock
Award, a copy of such election with the Company and with the Internal Revenue Service, in accordance with the regulations under Section
83 of the Code. The Committee may provide in the Award Agreement that the Restricted Stock Award is conditioned upon the Participant’s
making or refraining from making an election with respect to the award under Section 83(b) of the Code.

 

9.
Performance Awards.

 

9.1
Grant. An Eligible Recipient may be granted one or more Performance Awards under this Plan, and such Awards will be subject to
such terms and conditions, consistent with the other provisions of this Plan, as may be determined by the Committee in its sole discretion,
including the achievement of one or more Performance Goals.

 

9.2
Award Agreement. Each Performance Award will be evidenced by an Award Agreement that will specify the amount of cash, shares of
Common Stock, other Awards, or combination of both to be received by the Participant upon payout of the Performance Award, any Performance
Goals upon which the Performance Award is subject, any Performance Period during which any Performance Goals must be achieved and such
other provisions as the Committee will determine which are not inconsistent with the terms of this Plan.

 

9.3
Vesting. Subject to the terms of this Plan, the Committee may impose such restrictions or conditions, not inconsistent with the
provisions of this Plan, to the vesting of such Performance Awards as it deems appropriate, including the achievement of one or more
of the Performance Goals.

 

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9.4
Earning of Performance Award Payment. Subject to the terms of this Plan and the Award Agreement, after the applicable Performance
Period has ended, the holder of Performance Awards will be entitled to receive payout on the value and number of Performance Awards earned
by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding Performance Goals
have been achieved and such other restrictions or conditions imposed on the vesting and payout of the Performance Awards has been satisfied.

 

9.5
Form and Timing of Performance Award Payment. Subject to the terms of this Plan, after the applicable Performance Period has ended,
the holder of Performance Awards will be entitled to receive payment on the value and number of Performance Awards earned by the Participant
over the Performance Period, to be determined as a function of the extent to which the corresponding Performance Goals have been achieved.
Payment of earned Performance Awards will be as determined by the Committee and as evidenced in the Award Agreement. Subject to the terms
of this Plan, the Committee, in its sole discretion, may pay earned Performance Awards in the form of cash, in shares of Common Stock
or other Awards (or in a combination thereof) equal to the value of the earned Performance Awards at the close of the applicable Performance
Period. Payment of any Performance Award will be made as soon as practicable after the Committee has determined the extent to which the
applicable Performance Goals have been achieved and not later than the fifteenth (15th) day of the third (3rd)
month immediately following the later of the end of the Company’s fiscal year in which the Performance Period ends and any additional
vesting restrictions are satisfied or the end of the calendar year in which the Performance Period ends and any additional vesting restrictions
are satisfied, except to the extent that a Participant has properly elected to defer payment that may be attributable to a Performance
Award under a Company deferred compensation plan or arrangement. The determination of the Committee with respect to the form and time
of payment of Performance Awards will be set forth in the Award Agreement pertaining to the grant of the Performance Award. Any shares
of Common Stock or other Awards issued in payment of earned Performance Awards may be granted subject to any restrictions deemed appropriate
by the Committee, including that the Participant remain in the continuous employment or service with the Company or a Subsidiary for
a certain period.

 

9.6
Evaluation of Performance. The Committee may provide in any such Award Agreement including Performance Goals that any evaluation
of performance may include or exclude any of the following events that occurs during a Performance Period: (a) items related to a change
in accounting principles; (b) items relating to financing activities; (c) expenses for restructuring or productivity initiatives; (d)
other non-operating items; (e) items related to acquisitions; (f) items attributable to the business operations of any entity acquired
by the Company during the Performance Period; (g) items related to the disposal of a business or segment of a business; (h) items related
to discontinued operations that do not qualify as a segment of a business under applicable accounting standards; (i) items attributable
to any stock dividend, stock split, combination or exchange of stock occurring during the Performance Period; (j) any other items of
significant income or expense which are determined to be appropriate adjustments; (k) items relating to unusual or extraordinary corporate
transactions, events or developments; (l) items related to amortization of acquired intangible assets; (m) items that are outside the
scope of the Company’s core, on-going business activities; (n) items related to acquired in-process research and development; (o)
items relating to changes in tax laws; (p) items relating to major licensing or partnership arrangements; (q) items relating to asset
impairment charges; (r) items relating to gains or losses for litigation, arbitration and contractual settlements; (s) foreign exchange
gains and losses; or (t) items relating to any other unusual or nonrecurring events or changes in applicable laws, accounting principles
or business conditions.

 

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9.7
Adjustment of Performance Goals, Performance Periods or other Vesting Criteria. The Committee may amend or modify the vesting
criteria (including any Performance Goals or Performance Periods) of any outstanding Awards based in whole or in part on the financial
performance of the Company (or any Subsidiary or division, business unit or other sub-unit thereof) in recognition of unusual or nonrecurring
events (including the events described in Sections 9.6 or 4.4(a) of this Plan) affecting the Company or the financial statements of the
Company or of changes in applicable laws, regulations or accounting principles, whenever the Committee determines that such adjustments
are appropriate in order to prevent unintended dilution or enlargement of the benefits or potential benefits intended to be made available
under this Plan. The determination of the Committee as to the foregoing adjustments, if any, will be final, conclusive and binding on
Participants under this Plan.

 

9.8
Dividend Rights. Participants holding Performance Awards granted under this Plan will not receive any cash dividends or Dividend
Equivalents based on the dividends declared on shares of Common Stock that are subject to such Performance Awards during the period between
the date that such Performance Awards are granted and the date such Performance Awards are settled.

 

10.
Non-Employee Director Awards.

 

10.1
Automatic and Non-Discretionary Awards to Non-Employee Directors. Subject to such terms and conditions, consistent with the other
provisions of this Plan, the Committee at any time and from time to time may approve resolutions providing for the automatic grant to
Non-Employee Directors of Non-Employee Director Awards granted under this Plan and may grant to Non-Employee Directors such discretionary
Non-Employee Director Awards on such terms and conditions, consistent with the other provisions of this Plan, as may be determined by
the Committee in its sole discretion, and set forth in an applicable Award Agreement.

 

10.2
Deferral of Award Payment; Election to Receive Award in Lieu of Retainers. The Committee may permit Non-Employee Directors the
opportunity to defer the payment of an Award pursuant to such terms and conditions as the Committee may prescribe from time to time.
In addition, the Committee may permit Non-Employee Directors to elect to receive, pursuant to the procedures established by the Board
or a committee of the Board, all or any portion of their annual retainers, meeting fees, or other fees in Restricted Stock, Restricted
Stock Units, Deferred Stock Units or other Stock-Based Awards as contemplated by this Plan in lieu of cash.

 

11.
Other Stock-Based Awards.

 

11.1
Other Stock-Based Awards. Subject to such terms and conditions, consistent with the other provisions of this Plan, as may be determined
by the Committee in its sole discretion, the Committee may grant Other Stock-Based Awards to Eligible Recipients not otherwise described
by the terms of this Plan (including the grant or offer for sale of unrestricted shares of Common Stock) in such amounts and subject
to such terms and conditions as the Committee will determine. Such Awards may involve the transfer of actual shares of Common Stock to
Participants as a bonus or in lieu of obligations to pay cash or deliver other property under this Plan or under other plans or compensatory
arrangements, or payment in cash or otherwise of amounts based on the value of shares of Common Stock, and may include Awards designed
to comply with or take advantage of the applicable local laws of jurisdictions other than the United States.

 

11.2
Value of Other Stock-Based Awards. Each Other Stock-Based Award will be expressed in terms of shares of Common Stock or units
based on shares of Common Stock, as determined by the Committee. The Committee may establish Performance Goals in its discretion for
any Other Stock-Based Award. If the Committee exercises its discretion to establish Performance Goals for any such Awards, the number
or value of Other Stock-Based Awards that will be paid out to the Participant will depend on the extent to which the Performance Goals
are met.

 

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11.3
Payment of Other Stock-Based Awards. Payment, if any, with respect to an Other Stock-Based Award will be made in accordance with
the terms of the Award, in cash or shares of Common Stock for any Other Stock-Based Award, as the Committee determines, except to the
extent that a Participant has properly elected to defer payment that may be attributable to an Other Stock-Based Award under a Company
deferred compensation plan or arrangement.

 

12.
Dividend Equivalents.

 

Subject
to the provisions of this Plan and any Award Agreement, any Participant selected by the Committee may be granted Dividend Equivalents
based on the dividends declared on shares of Common Stock that are subject to any Award (including any Award that has been deferred),
to be credited as of dividend payment dates, during the period between the date the Award is granted and the date the Award is exercised,
vests, settles, is paid or expires, as determined by the Committee. Such Dividend Equivalents will be converted to cash or additional
shares of Common Stock by such formula and at such time and subject to such limitations as may be determined by the Committee and the
Committee may provide that such amounts (if any) will be deemed to have been reinvested in additional shares of Common Stock or otherwise
reinvested. Notwithstanding the foregoing, the Committee may not grant Dividend Equivalents based on the dividends declared on shares
of Common Stock that are subject to an Option or Stock Appreciation Right or unvested Performance Awards; and further, no dividend or
Dividend Equivalents will be paid out with respect to any unvested Awards.

 

13.
Effect of Termination of Employment or Other Service.

 

13.1
Termination Due to Cause. Unless otherwise expressly provided by the Committee in its sole discretion in an Award Agreement or
the terms of an Individual Agreement between the Participant and the Company or one of its Subsidiaries or Affiliates or a plan or policy
of the Company applicable to the Participant specifically provides otherwise, and subject to Sections 13.4 and 13.5 of this Plan, in
the event a Participant’s employment or other service with the Company and all Subsidiaries is terminated for Cause:

 

(a)
All outstanding Options and Stock Appreciation Rights held by the Participant as of the effective date of such termination will be immediately
terminated and forfeited;

 

(b)
All outstanding but unvested Restricted Stock Awards, Restricted Stock Units, Performance Awards and Other Stock-Based Awards held by
the Participant as of the effective date of such termination will be terminated and forfeited; and

 

(c)
All other outstanding Awards to the extent not vested will be immediately terminated and forfeited.

 

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13.2
Termination Due to Death, Disability or Retirement. Unless otherwise expressly provided by the Committee in its sole discretion
in an Award Agreement between the Participant and the Company or one of its Subsidiaries or Affiliates or the terms of an Individual
Agreement or a plan or policy of the Company applicable to the Participant specifically provides otherwise, and subject to Sections 13.4,
13.5 and 15 of this Plan, in the event a Participant’s employment or other service with the Company and all Subsidiaries is terminated
by reason of death or Disability of a Participant, or in the case of a Participant that is an Employee, Retirement:

 

(a)
All outstanding Options (excluding Non-Employee Director Options in the case of Retirement) and Stock Appreciation Rights held by the
Participant as of the effective date of such termination or Retirement will, to the extent exercisable as of the date of such termination
or Retirement, remain exercisable for a period of one (1) year after the date of such termination or Retirement (but in no event after
the expiration date of any such Option or Stock Appreciation Right) and Options and Stock Appreciation Rights not exercisable as of the
date of such termination or Retirement will be terminated and forfeited;

 

(b)
All outstanding unvested Restricted Stock Awards held by the Participant as of the effective date of such termination or Retirement will
be terminated and forfeited; and

 

(c)
All outstanding unvested Restricted Stock Units, Performance Awards, and Other Stock-Based Awards held by the Participant as of the effective
date of such termination or Retirement will be terminated and forfeited; provided, however, that with respect to any such
Awards the vesting of which is based on the achievement of Performance Goals, if a Participant’s employment or other service with
the Company or any Subsidiary, as the case may be, is terminated prior to the end of the Performance Period of such Award, but after
the conclusion of a portion of the Performance Period (but in no event less than one year), the Committee may, in its sole discretion,
cause shares of Common Stock to be delivered or payment made (except to the extent that a Participant has properly elected to defer income
that may be attributable to such Award under a Company deferred compensation plan or arrangement) with respect to the Participant’s
Award, but only if otherwise earned for the entire Performance Period and only with respect to the portion of the applicable Performance
Period completed at the date of such event, with proration based on the number of months or years that the Participant was employed or
performed services during the Performance Period. The Committee will consider the provisions of Section 13.5 of this Plan and will have
the discretion to consider any other fact or circumstance in making its decision as to whether to deliver such shares of Common Stock
or other payment, including whether the Participant again becomes employed.

 

13.3
Termination for Reasons Other than Death, Disability or Retirement. Unless otherwise expressly provided by the Committee in its
sole discretion in an Award Agreement or the terms of an Individual Agreement between the Participant and the Company or one of its Subsidiaries
or Affiliates or a plan or policy of the Company applicable to the Participant specifically provides otherwise, and subject to Sections
13.4, 13.5 and 15 of this Plan, in the event a Participant’s employment or other service with the Company and all Subsidiaries
is terminated for any reason other than for Cause or death or Disability of a Participant, or in the case of a Participant that is an
Employee, Retirement:

 

(a)
All outstanding Options (including Non-Employee Director Options) and Stock Appreciation Rights held by the Participant as of the effective
date of such termination will, to the extent exercisable as of such termination, remain exercisable for a period of three (3) months
after such termination (but in no event after the expiration date of any such Option or Stock Appreciation Right) and Options and Stock
Appreciation Rights not exercisable as of such termination will be terminated and forfeited. If the Participant dies within the three
(3) month period referred to in the preceding sentence, the Option or Stock Appreciation Right may be exercised by those entitled to
do so under the Participant’s will or by the laws of descent and distribution within a period of one (1) year following the Participant’s
death (but in no event after the expiration date of any such Option or Stock Appreciation Right).

 

(b)
All outstanding unvested Restricted Stock Awards held by the Participant as of the effective date of such termination will be terminated
and forfeited;

 

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(c)
All outstanding unvested Restricted Stock Units, Performance Awards, and Other Stock-Based Awards held by the Participant as of the effective
date of such termination will be terminated and forfeited; provided, however, that with respect to any such Awards the
vesting of which is based on the achievement of Performance Goals, if a Participant’s employment or other service with the Company
or any Subsidiary, as the case may be, is terminated by the Company without Cause prior to the end of the Performance Period of such
Award, but after the conclusion of a portion of the Performance Period (but in no event less than one year), the Committee may, in its
sole discretion, cause Shares to be delivered or payment made (except to the extent that a Participant has properly elected to defer
income that may be attributable to such Award under a Company deferred compensation plan or arrangement) with respect to the Participant’s
Award, but only if otherwise earned for the entire Performance Period and only with respect to the portion of the applicable Performance
Period completed at the date of such event, with proration based on the number of months or years that the Participant was employed or
performed services during the Performance Period.

 

13.4
Modification of Rights upon Termination. Notwithstanding the other provisions of this Section 13, upon a Participant’s termination
of employment or other service with the Company or any Subsidiary, as the case may be, the Committee may, in its sole discretion (which
may be exercised at any time on or after the Grant Date, including following such termination) cause Options or Stock Appreciation Rights
(or any part thereof) held by such Participant as of the effective date of such termination to terminate, become or continue to become
exercisable or remain exercisable following such termination of employment or service, and Restricted Stock, Restricted Stock Units,
Deferred Stock Units, Performance Awards, Non-Employee Director Awards, and Other Stock-Based Awards held by such Participant as of the
effective date of such termination to terminate, vest or become free of restrictions and conditions to payment, as the case may be, following
such termination of employment or service, in each case in the manner determined by the Committee; provided, however, that
(a) no Option or Stock Appreciation Right may remain exercisable beyond its expiration date; and (b) any such action by the Committee
adversely affecting any outstanding Award will not be effective without the consent of the affected Participant (subject to the right
of the Committee to take whatever action it deems appropriate under Section 4.4, 13.5, 15 or 19 of this Plan).

 

13.5
Additional Forfeiture Events.

 

(a)
Effect of Actions Constituting Cause or Adverse Action. Notwithstanding anything in this Plan to the contrary and in addition
to the other rights of the Committee under this Plan, including this Section 13.5, if a Participant is determined by the Committee, acting
in its sole discretion, to have taken any action that would constitute Cause or an Adverse Action during or within one (1) year after
the termination of employment or other service with the Company or a Subsidiary, irrespective of whether such action or the Committee’s
determination occurs before or after termination of such Participant’s employment or other service with the Company or any Subsidiary
and irrespective of whether or not the Participant was terminated as a result of such Cause or Adverse Action, (i) all rights of the
Participant under this Plan and any Award Agreements evidencing an Award then held by the Participant will terminate and be forfeited
without notice of any kind, and (ii) the Committee in its sole discretion will have the authority to rescind the exercise, vesting or
issuance of, or payment in respect of, any Awards of the Participant that were exercised, vested or issued, or as to which such payment
was made, and to require the Participant to pay to the Company, within ten (10) days of receipt from the Company of notice of such rescission,
any amount received or the amount of any gain realized as a result of such rescinded exercise, vesting, issuance or payment (including
any dividends paid or other distributions made with respect to any shares of Common Stock subject to any Award). The Company may defer
the exercise of any Option or Stock Appreciation Right for a period of up to six (6) months after receipt of the Participant’s
written notice of exercise or the issuance of share certificates upon the vesting of any Award for a period of up to six (6) months after
the date of such vesting in order for the Committee to make any determination as to the existence of Cause or an Adverse Action. The
Company will be entitled to withhold and deduct from future wages of the Participant (or from other amounts that may be due and owing
to the Participant from the Company or a Subsidiary) or make other arrangements for the collection of all amounts necessary to satisfy
such payment obligations. Unless otherwise provided by the Committee in an applicable Award Agreement, this Section 13.5(a) will not
apply to any Participant following a Change in Control.

 

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(b)
Forfeiture or Clawback of Awards Under Applicable Law and Company Policy. If the Company is required to prepare an accounting
restatement due to the material noncompliance of the Company, as a result of misconduct, with any financial reporting requirement under
the securities laws, then any Participant who is one of the individuals subject to automatic forfeiture under Section 304 of the Sarbanes-Oxley
Act of 2002 will reimburse the Company for the amount of any Award received by such individual under this Plan during the 12-month period
following the first public issuance or filing with the Securities and Exchange Commission, as the case may be, of the financial document
embodying such financial reporting requirement. The Company also may seek to recover any Award made as required by the provisions of
the Dodd-Frank Wall Street Reform and Consumer Protection Act or any other clawback, forfeiture or recoupment provision required by Applicable
Law or under the requirements of any stock exchange or market upon which the shares of Common Stock are then listed or traded. In addition,
all Awards under this Plan will be subject to forfeiture or other penalties pursuant to any clawback or forfeiture policy of the Company,
as in effect from time to time, and such forfeiture and/or penalty conditions or provisions as determined by the Committee and set forth
in the applicable Award Agreement.

 

14.
Payment of Withholding Taxes.

 

14.1
General Rules. The Company is entitled to (a) withhold and deduct from future wages of the Participant (or from other amounts
that may be due and owing to the Participant from the Company or a Subsidiary), or make other arrangements for the collection of, all
amounts the Company reasonably determines are necessary to satisfy any and all federal, foreign, state and local withholding and employment
related tax requirements attributable to an Award, including the grant, exercise, vesting or settlement of, or payment of dividends with
respect to, an Award or a disqualifying disposition of stock received upon exercise of an Incentive Stock Option, or (b) require the
Participant promptly to remit the amount of such withholding to the Company before taking any action, including issuing any shares of
Common Stock, with respect to an Award. When withholding shares of Common Stock for taxes is effected under this Plan, it will be withheld
only up to an amount based on the maximum statutory tax rates in the Participant’s applicable tax jurisdiction or such other rate
that will not trigger a negative accounting impact on the Company.

 

14.2
Special Rules. The Committee may, in its sole discretion and upon terms and conditions established by the Committee, permit or
require a Participant to satisfy, in whole or in part, any withholding or employment related tax obligation described in Section 14.1
of this Plan by withholding shares of Common Stock underlying an Award, by electing to tender, or by attestation as to ownership of,
Previously Acquired Shares, by delivery of a Broker Exercise Notice or a combination of such methods. For purposes of satisfying a Participant’s
withholding or employment-related tax obligation, shares of Common Stock withheld by the Company or Previously Acquired Shares tendered
or covered by an attestation will be valued at their Fair Market Value on the Tax Date.

 

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15.
Change in Control.

 

15.1
Definition of Change in Control. Unless otherwise provided in an Award Agreement or Individual Agreement between the Participant
and the Company or one of its Subsidiaries or Affiliates, a “Change in Control” will mean the occurrence of any of
the following:

 

(a)
The acquisition, other than from the Company, by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2)
of the Exchange Act) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of fifty percent (50%)
or more of either the then outstanding shares of Common Stock of the Company or the combined voting power of the then outstanding voting
securities of the Company entitled to vote generally in the election of directors, but excluding, for this purpose, any such acquisition
by the Company or any of its Subsidiaries, or any employee benefit plan (or related trust) of the Company or its Subsidiaries, or any
entity with respect to which, following such acquisition, more than fifty percent (50%) of, respectively, the then outstanding equity
of such entity and the combined voting power of the then outstanding voting equity of such entity entitled to vote generally in the election
of all or substantially all of the members of such entity’s governing body is then beneficially owned, directly or indirectly,
by the individuals and entities who were the beneficial owners, respectively, of the Common Stock and voting securities of the Company
immediately prior to such acquisition in substantially the same proportion as their ownership, immediately prior to such acquisition,
of the then outstanding shares of Common Stock of the Company or the combined voting power of the then outstanding voting securities
of the Company entitled to vote generally in the election of directors, as the case may be; or

 

(b)
The consummation of a reorganization, merger or consolidation of the Company, in each case, with respect to which all or substantially
all of the individuals and entities who were the respective beneficial owners of the Common Stock and voting securities of the Company
immediately prior to such reorganization, merger or consolidation do not, following such reorganization, merger or consolidation, beneficially
own, directly or indirectly, more than fifty percent (50%) of, respectively, the then outstanding shares of Common Stock and the combined
voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of
the corporation resulting from such reorganization, merger or consolidation; or

 

(c)
a complete liquidation or dissolution of the Company or the sale or other disposition of all or substantially all of the assets of the
Company.

 

15.2
Effect of Change in Control. Subject to the terms of the applicable Award Agreement or an Individual Agreement, in the event of
a Change in Control, the Committee (as constituted prior to such Change in Control) may, in its discretion:

 

(a)
require that shares of stock of the corporation resulting from such Change in Control, or a parent corporation thereof, be substituted
for some or all of the shares of Common Stock subject to an outstanding Award, with an appropriate and equitable adjustment to such Award
as shall be determined by the Board in accordance with Section 4.4;

 

(b)
provide that (i) some or all outstanding Options shall become exercisable in full or in part, either immediately or upon a subsequent
termination of employment, (ii) the restrictions or vesting applicable to some or all outstanding Restricted Stock Awards and Restricted
Stock Units shall lapse in full or in part, either immediately or upon a subsequent termination of employment, (iii) the Performance
Period applicable to some or all outstanding Awards shall lapse in full or in part, and/or (iv) the Performance Goals applicable to some
or all outstanding Awards shall be deemed to be satisfied at the target or any other level; and/or

 

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(c)
require outstanding Awards, in whole or in part, to be surrendered to the Company by the holder, and to be immediately cancelled by the
Company, and to provide for the holder to receive (A) a cash payment in an amount determined pursuant to Section 15.3 below; (B) shares
of capital stock of the corporation resulting from or succeeding to the business of the Company pursuant to such Change in Control, or
a parent corporation thereof, having a fair market value not less than the amount determined under clause (A) above; or (C) a combination
of the payment of cash pursuant to clause (A) above and the issuance of shares pursuant to clause (B) above.

 

15.3
Alternative Treatment of Incentive Awards. In connection with a Change in Control, the Committee in its sole discretion, either
in an Award Agreement at the time of grant of an Award or at any time after the grant of such an Award, in lieu of providing a substitute
award to a Participant pursuant to Section 15.2(a), may determine that any or all outstanding Awards granted under the Plan, whether
or not exercisable or vested, as the case may be, will be canceled and terminated and that in connection with such cancellation and termination
the holder of such Award will receive for each share of Common Stock subject to such Award a cash payment (or the delivery of shares
of stock, other securities or a combination of cash, stock and securities with a fair market value (as determined by the Committee in
good faith) equivalent to such cash payment) equal to the difference, if any, between the consideration received by stockholders of the
Company in respect of a share of Common Stock in connection with such Change in Control and the purchase price per share, if any, under
the Award, multiplied by the number of shares of Common Stock subject to such Award (or in which such Award is denominated); provided,
however, that if such product is zero ($0) or less or to the extent that the Award is not then exercisable, the Award may be canceled
and terminated without payment therefor. If any portion of the consideration pursuant to a Change in Control may be received by holders
of shares of Common Stock on a contingent or delayed basis, the Committee may, in its sole discretion, determine the fair market value
per share of such consideration as of the time of the Change in Control on the basis of the Committee’s good faith estimate of
the present value of the probable future payment of such consideration. Notwithstanding the foregoing, any shares of Common Stock issued
pursuant to an Award that immediately prior to the effectiveness of the Change in Control are subject to no further restrictions pursuant
to the Plan or an Award Agreement (other than pursuant to the securities laws) will be deemed to be outstanding shares of Common Stock
and receive the same consideration as other outstanding shares of Common Stock in connection with the Change in Control.

 

15.4
Limitation on Change in Control Payments. Notwithstanding anything in this Section 15 to the contrary, if, with respect to a Participant,
the acceleration of the vesting of an Award or the payment of cash in exchange for all or part of a Stock-Based Award (which acceleration
or payment could be deemed a “payment” within the meaning of Section 280G(b)(2) of the Code), together with any other “payments”
that such Participant has the right to receive from the Company or any corporation that is a member of an “affiliated group”
(as defined in Section 1504(a) of the Code without regard to Section 1504(b) of the Code) of which the Company is a member, would constitute
a “parachute payment” (as defined in Section 280G(b)(2) of the Code), then the “payments” to such Participant
pursuant to Section 15.2 or Section 15.3 of this Plan will be reduced (or acceleration of vesting eliminated) to the largest amount as
will result in no portion of such “payments” being subject to the excise tax imposed by Section 4999 of the Code; provided,
however, that such reduction will be made only if the aggregate amount of the payments after such reduction exceeds the difference
between (a) the amount of such payments absent such reduction minus (b) the aggregate amount of the excise tax imposed under Section
4999 of the Code attributable to any such excess parachute payments; and provided, further that such payments will be reduced
(or acceleration of vesting eliminated) by first eliminating vesting of Options with an exercise price above the then Fair Market Value
of a share of Common Stock that have a positive value for purposes of Section 280G of the Code, followed by reducing or eliminating payments
or benefits pro rata among Awards that are deferred compensation subject to Section 409A of the Code, and, if a further reduction is
necessary, by reducing or eliminating payments or benefits pro rata among Awards that are not subject to Section 409A of the Code. Notwithstanding
the foregoing sentence, if a Participant is subject to a separate agreement with the Company or a Subsidiary that expressly addresses
the potential application of Section 280G or 4999 of the Code, then this Section 15.4 will not apply and any “payments” to
a Participant pursuant to Section 15 of this Plan will be treated as “payments” arising under such separate agreement; provided,
however, such separate agreement may not modify the time or form of payment under any Award that constitutes deferred compensation
subject to Section 409A of the Code if the modification would cause such Award to become subject to the adverse tax consequences specified
in Section 409A of the Code.

 

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15.5
Exceptions. Notwithstanding anything in this Section 15 to the contrary, individual Award Agreements or Individual Agreements
between a Participant and the Company or one of its Subsidiaries or Affiliates may contain provisions with respect to vesting, payment
or treatment of Awards upon the occurrence of a Change in Control, and the terms of any such Award Agreement or Individual Agreement
will govern to the extent of any inconsistency with the terms of this Section 15. The Committee will not be obligated to treat all Awards
subject to this Section 15 in the same manner. The timing of any payment under this Section 15 may be governed by any election to defer
receipt of a payment made under a Company deferred compensation plan or arrangement.

 

16.
Rights of Eligible Recipients and Participants; Transferability.

 

16.1
Employment. Nothing in this Plan or an Award Agreement will interfere with or limit in any way the right of the Company or any
Subsidiary to terminate the employment or service of any Eligible Recipient or Participant at any time, nor confer upon any Eligible
Recipient or Participant any right to continue employment or other service with the Company or any Subsidiary.

 

16.2
No Rights to Awards. No Participant or Eligible Recipient will have any claim to be granted any Award under this Plan.

 

16.3
Rights as a Stockholder. Except as otherwise provided in the Award Agreement, a Participant will have no rights as a stockholder
with respect to shares of Common Stock covered by any Stock-Based Award unless and until the Participant becomes the holder of record
of such shares of Common Stock and then subject to any restrictions or limitations as provided herein or in the Award Agreement.

 

16.4
Restrictions on Transfer.

 

(a)
Except pursuant to testamentary will or the laws of descent and distribution or as otherwise expressly permitted by subsections (b) and
(c) below, no right or interest of any Participant in an Award prior to the exercise (in the case of Options or Stock Appreciation Rights)
or vesting, issuance or settlement of such Award will be assignable or transferable, or subjected to any lien, during the lifetime of
the Participant, either voluntarily or involuntarily, directly or indirectly, by operation of law or otherwise.

 

(b)
A Participant will be entitled to designate a beneficiary to receive an Award upon such Participant’s death, and in the event of
such Participant’s death, payment of any amounts due under this Plan will be made to, and exercise of any Options or Stock Appreciation
Rights (to the extent permitted pursuant to Section 13 of this Plan) may be made by, such beneficiary. If a deceased Participant has
failed to designate a beneficiary, or if a beneficiary designated by the Participant fails to survive the Participant, payment of any
amounts due under this Plan will be made to, and exercise of any Options or Stock Appreciation Rights (to the extent permitted pursuant
to Section 13 of this Plan) may be made by, the Participant’s legal representatives, heirs and legatees. If a deceased Participant
has designated a beneficiary and such beneficiary survives the Participant but dies before complete payment of all amounts due under
this Plan or exercise of all exercisable Options or Stock Appreciation Rights, then such payments will be made to, and the exercise of
such Options or Stock Appreciation Rights may be made by, the legal representatives, heirs and legatees of the beneficiary.

 

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(c)
Upon a Participant’s request, the Committee may, in its sole discretion, permit a transfer of all or a portion of a Non-Statutory
Stock Option, other than for value, to such Participant’s child, stepchild, grandchild, parent, stepparent, grandparent, spouse,
former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, any
person sharing such Participant’s household (other than a tenant or employee), a trust in which any of the foregoing have more
than fifty percent (50%) of the beneficial interests, a foundation in which any of the foregoing (or the Participant) control the management
of assets, and any other entity in which these persons (or the Participant) own more than fifty percent (50%) of the voting interests.
Any permitted transferee will remain subject to all the terms and conditions applicable to the Participant prior to the transfer. A permitted
transfer may be conditioned upon such requirements as the Committee may, in its sole discretion, determine, including execution or delivery
of appropriate acknowledgements, opinion of counsel, or other documents by the transferee.

 

(d)
The Committee may impose such restrictions on any shares of Common Stock acquired by a Participant under this Plan as it may deem advisable,
including minimum holding period requirements, restrictions under applicable federal securities laws, under the requirements of any stock
exchange or market upon which the Common Stock is then listed or traded, or under any blue sky or state securities laws applicable to
such shares or the Company’s insider trading policy.

 

16.5
Non-Exclusivity of this Plan. Nothing contained in this Plan is intended to modify or rescind any previously approved compensation
plans or programs of the Company or create any limitations on the power or authority of the Board to adopt such additional or other compensation
arrangements as the Board may deem necessary or desirable.

 

17.
Securities Law and Other Restrictions.

 

Notwithstanding
any other provision of this Plan or any Award Agreements entered into pursuant to this Plan, the Company will not be required to issue
any shares of Common Stock under this Plan, and a Participant may not sell, assign, transfer or otherwise dispose of shares of Common
Stock issued pursuant to Awards granted under this Plan, unless (a) there is in effect with respect to such shares a registration statement
under the Securities Act and any applicable securities laws of a state or foreign jurisdiction or an exemption from such registration
under the Securities Act and applicable state or foreign securities laws, and (b) there has been obtained any other consent, approval
or permit from any other U.S. or foreign regulatory body which the Committee, in its sole discretion, deems necessary or advisable. The
Company may condition such issuance, sale or transfer upon the receipt of any representations or agreements from the parties involved,
and the placement of any legends on certificates representing shares of Common Stock, as may be deemed necessary or advisable by the
Company in order to comply with such securities law or other restrictions.

 

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18.
Deferred Compensation; Compliance with Section 409A.

 

It
is intended that all Awards issued under this Plan be in a form and administered in a manner that will comply with the requirements of
Section 409A of the Code, or the requirements of an exception to Section 409A of the Code, and the Award Agreements and this Plan will
be construed and administered in a manner that is consistent with and gives effect to such intent. The Committee is authorized to adopt
rules or regulations deemed necessary or appropriate to qualify for an exception from or to comply with the requirements of Section 409A
of the Code. With respect to an Award that constitutes a deferral of compensation subject to Code Section 409A: (a) if any amount is
payable under such Award upon a termination of service, a termination of service will be treated as having occurred only at such time
the Participant has experienced a Separation from Service; (b) if any amount is payable under such Award upon a Disability, a Disability
will be treated as having occurred only at such time the Participant has experienced a “disability” as such term is defined
for purposes of Code Section 409A; (c) if any amount is payable under such Award on account of the occurrence of a Change in Control,
a Change in Control will be treated as having occurred only at such time a “change in the ownership or effective control of the
corporation or in the ownership of a substantial portion of the assets of the corporation” as such terms are defined for purposes
of Code Section 409A, (d) if any amount becomes payable under such Award on account of a Participant’s Separation from Service
at such time as the Participant is a “specified employee” within the meaning of Code Section 409A, then no payment will be
made, except as permitted under Code Section 409A, prior to the first business day after the earlier of (i) the date that is six months
after the date of the Participant’s Separation from Service or (ii) the Participant’s death, and (e) no amendment to or payment
under such Award will be made except and only to the extent permitted under Code Section 409A.

 

19.
Amendment, Modification and Termination.

 

19.1
Generally. Subject to other subsections of this Section 19 and Sections 3.4 and 19.3 of this Plan, the Board at any time may suspend
or terminate this Plan (or any portion thereof) or terminate any outstanding Award Agreement and the Committee, at any time and from
time to time, may amend this Plan or amend or modify the terms of an outstanding Award. The Committee’s power and authority to
amend or modify the terms of an outstanding Award includes the authority to modify the number of shares of Common Stock or other terms
and conditions of an Award, extend the term of an Award, accept the surrender of any outstanding Award or, to the extent not previously
exercised or vested, authorize the grant of new Awards in substitution for surrendered Awards; provided, however that the
amended or modified terms are permitted by this Plan as then in effect and that any Participant adversely affected by such amended or
modified terms has consented to such amendment or modification.

 

19.2
Stockholder Approval. No amendments to this Plan will be effective without approval of the Company’s stockholders if: (a)
stockholder approval of the amendment is then required pursuant to Section 422 of the Code, the rules of the primary stock exchange or
stock market on which the Common Stock is then traded, applicable state corporate laws or regulations, applicable federal laws or regulations,
and the applicable laws of any foreign country or jurisdiction where Awards are, or will be, granted under this Plan; or (b) such amendment
would: (i) modify Section 3.4 of this Plan; (ii) materially increase benefits accruing to Participants; (iii) increase the aggregate
number of shares of Common Stock issued or issuable under this Plan; (iv) increase any limitation set forth in this Plan on the number
of shares of Common Stock which may be issued or the aggregate value of Awards which may be made, in respect of any type of Award to
any single Participant during any specified period; (v) modify the eligibility requirements for Participants in this Plan; or (vi) reduce
the minimum exercise price or grant price as set forth in Sections 6.3 and 7.3 of this Plan.

 

19.3
Awards Previously Granted. Notwithstanding any other provision of this Plan to the contrary, no termination, suspension or amendment
of this Plan may adversely affect any outstanding Award without the consent of the affected Participant; provided, however,
that this sentence will not impair the right of the Committee to take whatever action it deems appropriate under Sections 4.4, 9.7, 13,
15, 18 or 19.4 of this Plan.

 

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19.4
Amendments to Conform to Law. Notwithstanding any other provision of this Plan to the contrary, the Committee may amend this Plan
or an Award Agreement, to take effect retroactively or otherwise, as deemed necessary or advisable for the purpose of conforming this
Plan or an Award Agreement to any present or future law relating to plans of this or similar nature, and to the administrative regulations
and rulings promulgated thereunder. By accepting an Award under this Plan, a Participant agrees to any amendment made pursuant to this
Section 19.4 to any Award granted under this Plan without further consideration or action.

 

20.
Substituted Awards.

 

The
Committee may grant Awards under this Plan in substitution for stock and stock-based awards held by employees of another entity who become
employees of the Company or a Subsidiary as a result of a merger or consolidation of the former employing entity with the Company or
a Subsidiary or the acquisition by the Company or a Subsidiary of property or stock of the former employing corporation. The Committee
may direct that the substitute Awards be granted on such terms and conditions as the Committee considers appropriate in the circumstances.

 

21.
Duration of this Plan.

 

This
Plan will terminate at midnight on July 31, 2028, and may be terminated prior to such time by Board action. No Award will be granted
after termination of this Plan, but Awards outstanding upon termination of this Plan will remain outstanding in accordance with their
applicable terms and conditions and the terms and conditions of this Plan.

 

22.
Miscellaneous.

 

22.1
Usage. In this Plan, except where otherwise indicated by clear contrary intention, (a) any masculine term used herein also will
include the feminine, (b) the plural will include the singular, and the singular will include the plural, (c) “including”
(and with correlative meaning “include”) means including without limiting the generality of any description preceding such
term, and (d) “or” is used in the inclusive sense of “and/or”.

 

22.2
Relationship to Other Benefits. Neither Awards made under this Plan nor shares of Common Stock or cash paid pursuant to such Awards
under this Plan will be included as “compensation” for purposes of computing the benefits payable to any Participant under
any pension, retirement (qualified or non-qualified), savings, profit sharing, group insurance, welfare, or benefit plan of the Company
or any Subsidiary unless provided otherwise in such plan.

 

22.3
Fractional Shares. No fractional shares of Common Stock will be issued or delivered under this Plan or any Award. The Committee
will determine whether cash, other Awards or other property will be issued or paid in lieu of fractional shares of Common Stock or whether
such fractional shares of Common Stock or any rights thereto will be forfeited or otherwise eliminated by rounding up or down.

 

22.4
Governing Law. Except to the extent expressly provided herein or in connection with other matters of corporate governance and
authority (all of which will be governed by the laws of the Company’s jurisdiction of incorporation), the validity, construction,
interpretation, administration and effect of this Plan and any rules, regulations and actions relating to this Plan will be governed
by and construed exclusively in accordance with the laws of the State of Delaware, notwithstanding the conflicts of laws principles of
any jurisdictions.

 

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22.5
Successors. All obligations of the Company under this Plan with respect to Awards granted hereunder will be binding on any successor
to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation or otherwise,
of all or substantially all of the business or assets of the Company.

 

22.6
Construction. Wherever possible, each provision of this Plan and any Award Agreement will be interpreted so that it is valid under
the Applicable Law. If any provision of this Plan or any Award Agreement is to any extent invalid under the Applicable Law, that provision
will still be effective to the extent it remains valid. The remainder of this Plan and the Award Agreement also will continue to be valid,
and the entire Plan and Award Agreement will continue to be valid in other jurisdictions.

 

22.7
Delivery and Execution of Electronic Documents. To the extent permitted by Applicable Law, the Company may: (a) deliver by email
or other electronic means (including posting on a Web site maintained by the Company or by a third party under contract with the Company)
all documents relating to this Plan or any Award hereunder (including prospectuses required by the Securities and Exchange Commission)
and all other documents that the Company is required to deliver to its security holders (including annual reports and proxy statements),
and (b) permit Participants to use electronic, internet or other non-paper means to execute applicable Plan documents (including Award
Agreements) and take other actions under this Plan in a manner prescribed by the Committee.

 

22.8
No Representations or Warranties Regarding Tax Effect. Notwithstanding any provision of this Plan to the contrary, the Company
and its Subsidiaries, the Board, and the Committee neither represent nor warrant the tax treatment under any federal, state, local, or
foreign laws and regulations thereunder (individually and collectively referred to as the “Tax Laws”) of any Award
granted or any amounts paid to any Participant under this Plan including, but not limited to, when and to what extent such Awards or
amounts may be subject to tax, penalties, and interest under the Tax Laws.

 

22.9
Unfunded Plan. Participants will have no right, title or interest whatsoever in or to any investments that the Company or its
Subsidiaries may make to aid it in meeting its obligations under this Plan. Nothing contained in this Plan, and no action taken pursuant
to its provisions, will create or be construed to create a trust of any kind, or a fiduciary relationship between the Company and any
Participant, beneficiary, legal representative, or any other individual. To the extent that any individual acquires a right to receive
payments from the Company or any Subsidiary under this Plan, such right will be no greater than the right of an unsecured general creditor
of the Company or the Subsidiary, as the case may be. All payments to be made hereunder will be paid from the general funds of the Company
or the Subsidiary, as the case may be, and no special or separate fund will be established and no segregation of assets will be made
to assure payment of such amounts except as expressly set forth in this Plan.

 

22.10
Indemnification. Subject to any limitations and requirements of Delaware law, each individual who is or will have been a member
of the Board, or a Committee appointed by the Board, or an officer or Employee of the Company to whom authority was delegated in accordance
with Section 3.3 of this Plan, will be indemnified and held harmless by the Company against and from any loss, cost, liability or expense
that may be imposed upon or reasonably incurred by him or her in connection with or resulting from any claim, action, suit or proceeding
to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under this Plan
and against and from any and all amounts paid by him or her in settlement thereof, with the Company’s approval, or paid by him
or her in satisfaction of any judgment in any such action, suit or proceeding against him or her, provided he or she will give the Company
an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his/her own
behalf. The foregoing right of indemnification will not be exclusive of any other rights of indemnification to which such individuals
may be entitled under the Company’s Certificate of Incorporation or Bylaws, as a matter of law, or otherwise, or pursuant to any
agreement with the Company, or any power that the Company may have to indemnify them or hold them harmless.

 

    	27

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