Document:

Exhibit 4.5

 

DESCRIPTION OF SECURITIES

 

The following description of our Class A
ordinary shares and Class B ordinary shares is a summary and does not purport to be complete. It is subject to and qualified in
its entirety by reference to our amended and restated memorandum and articles of association, which are incorporated by reference
as an exhibit to the Annual Report on Form 10-K of which this Exhibit 4.5 is a part. We encourage you to read our amended
and restated memorandum and articles of association and the applicable provisions of Companies Law (2020 Revision) of the Cayman
Islands.

 

Terms not otherwise defined herein shall
have the meaning assigned to them in the Annual Report on Form 10-K of which this Exhibit 4.5 is a part.

 

General

 

We are a Cayman Islands exempted company (company number 365150)
and our affairs are governed by our amended and restated memorandum and articles of association, the Companies Law and the common
law of the Cayman Islands. Pursuant to our amended and restated memorandum and articles of association which was adopted upon the
consummation of our initial public offering, or the offering, we are authorized to issue 550,000,000 ordinary shares, $0.0001 par
value each, including 500,000,000 Class A ordinary shares and 50,000,000 Class B ordinary shares, as well as 5,000,000 preferred
shares, $0.0001 par value each. The following description summarizes certain terms of our shares as set out more particularly in
our amended and restated memorandum and articles of association. Because it is only a summary, it may not contain all the information
that is important to you.

  

Ordinary Shares

 

Prior to the date of the Form 10-K, there were 2,875,000 Class
B ordinary shares outstanding, all of which were held of record by the holders of our founder shares prior to the closing of the
public offering (the “initial shareholders”), so that our initial shareholders would own 20% of our issued and outstanding
shares after the offering. As of December 31, 2020, 14,805,000 of our ordinary shares were outstanding including:

 

	 	●	11,500,000 Class A ordinary shares sold in the offering; 
	 	●	430,000 Class A ordinary shares issued in a private placement; and
	 	●	2,875,000 Class B ordinary shares held by our initial shareholders.

 

Ordinary shareholders of record are entitled to one vote for
each share held on all matters to be voted on by shareholders. Holders of Class A ordinary shares and holders of Class B ordinary
shares will vote together as a single class on all matters submitted to a vote of our shareholders except as required by law. Unless
specified in our amended and restated memorandum and articles of association, or as required by applicable provisions of the Companies
Law or applicable stock exchange rules, the affirmative vote of a majority of our ordinary shares that are voted is required to
approve any such matter voted on by our shareholders. Approval of certain actions requires a special resolution under Cayman Islands
law, being the affirmative vote of at least two-thirds of the ordinary shares that are voted, and pursuant to our amended and restated
memorandum and articles of association; such actions include amending our amended and restated memorandum and articles of association
and approving a statutory merger or consolidation with another company. Our board of directors is divided into three classes, each
of which will generally serve for a term of three years with only one class of directors being appointed in each year. There is
no cumulative voting with respect to the appointment of directors, with the result that the holders of more than 50% of the shares
voted for the appointment of directors can elect all of the directors. However, only holders of Class B ordinary shares have the
right to appoint directors in any election held prior to or in connection with the completion of our initial business combination,
meaning that holders of Class A ordinary shares do not have the right to appoint any directors until after the completion of our
initial business combination. In addition, in a vote to continue the Company
in a jurisdiction outside the Cayman Islands (which requires the approval of at least two thirds of the votes of all ordinary shares),
holders of our Class B ordinary shares will have ten votes for every Class B ordinary share and holders of our Class A ordinary
shares will have one vote for every Class A ordinary share. The provisions of our amended and restated memorandum and articles
of association governing the appointment or removal of directors prior to our initial business combination and our continuation
in a jurisdiction outside the Cayman Islands prior to our initial business combination may only be amended by a special resolution
passed by not less than two-thirds of our ordinary shares who attend and vote at our general meeting which shall include the affirmative
vote of a simple majority of our Class B ordinary shares. Our shareholders are entitled to receive ratable dividends when,
as and if declared by the board of directors out of funds legally available therefor.

 

    

     

    

 

Because our amended and restated memorandum and articles of
association authorize the issuance of up to 500,000,000 Class A ordinary shares, if we were to enter into a business combination,
we may (depending on the terms of such a business combination) be required to increase the number of Class A ordinary shares which
we are authorized to issue at the same time as our shareholders vote on the business combination to the extent we seek shareholder
approval in connection with our initial business combination. Our board of directors is divided into three classes with only one
class of directors being appointed in each year and each class (except for those directors appointed prior to our first annual
general meeting) serving a three-year term.

 

In accordance with Nasdaq corporate governance requirements,
we are not required to hold an annual general meeting until one year after our first fiscal year end following our listing on Nasdaq.
There is no requirement under the Companies Law for us to hold annual or general meetings or appoint directors. We may not hold
an annual general meeting to appoint new directors prior to the consummation of our initial business combination.

 

We will provide our public shareholders with the opportunity
to redeem all or a portion of their public shares upon the completion of our initial business combination at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the trust account calculated as of two business days prior to
the consummation of our initial business combination, including interest earned on the funds held in the trust account and not
previously released to us to pay our taxes, divided by the number of then outstanding public shares, subject to the limitations
and on the conditions described herein. The amount in the trust account is initially anticipated to be $10.00 per public share.
The per share amount we will distribute to investors who properly redeem their shares will not be reduced by the deferred underwriting
commissions we will pay to the underwriters. Our sponsor, Helix Holdings, LLC (“Sponsor”), officers and directors have
entered into a letter agreement with us, pursuant to which they have agreed to waive their redemption rights with respect to their
founder shares and public shares in connection with the completion of our initial business combination. Unlike many special purpose
acquisition companies that hold shareholder votes and conduct proxy solicitations in conjunction with their initial business combinations
and provide for related redemptions of public shares for cash upon completion of such initial business combinations even when a
vote is not required by law, if a shareholder vote is not required by law and we do not decide to hold a shareholder vote for business
or other legal reasons, we will, pursuant to our amended and restated memorandum and articles of association, conduct the redemptions
pursuant to the tender offer rules of the SEC, and file tender offer documents with the SEC prior to completing our initial business
combination. Our amended and restated memorandum and articles of association require these tender offer documents to contain substantially
the same financial and other information about our initial business combination and the redemption rights as is required under
the SEC’s proxy rules. If, however, a shareholder approval of the transaction is required by law, or we decide to obtain
shareholder approval for business or other reasons, we will, like many special purpose acquisition companies, offer to redeem shares
in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. If
we seek shareholder approval, we will complete our initial business combination only if it is approved by an ordinary resolution
under Cayman Islands law, which requires the affirmative vote of the holders of the shares present in person or by proxy at a general
meeting of the company. However, the participation of our sponsor, officers, directors, advisors or their affiliates in
privately-negotiated transactions, if any, could result in the approval of our initial business combination even if a majority
of our public shareholders vote, or indicate their intention to vote, against such initial business combination. For purposes of
seeking approval of an ordinary resolution, non-votes will have no effect on the approval of our initial business combination once
a quorum is obtained. Our amended and restated memorandum and articles of association require that at least five days’ notice
be given of any general meeting.

 

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If we seek shareholder approval of our initial business combination
and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our amended
and restated memorandum and articles of association provide that a public shareholder, together with any affiliate of such shareholder
or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of
the Exchange Act), will be restricted from redeeming its shares with respect to Excess Shares without our prior consent. However,
we would not be restricting our shareholders’ ability to vote all of their shares (including Excess Shares) for or against
our initial business combination. Our shareholders’ inability to redeem the Excess Shares will reduce their influence over
our ability to complete our initial business combination, and such shareholders could suffer a material loss in their investment
if they sell such Excess Shares on the open market. Additionally, such shareholders will not receive redemption distributions with
respect to the Excess Shares if we complete our initial business combination. And, as a result, such shareholders will continue
to hold that number of shares exceeding 20% and, in order to dispose such shares would be required to sell their shares in open
market transactions, potentially at a loss. 

 

If we seek shareholder approval in connection with our initial
business combination, our sponsor, officers and directors have agreed to vote their founder shares and any public shares purchased
during or after the offering (including in open market and privately-negotiated transactions) in favor of our initial business
combination. As a result, in addition to our initial shareholders’ founder shares, we would need 4,312,501, or 37.5%, of
the 11,500,000 public shares sold in the offering to be voted in favor of an initial business combination in order to have our
initial business combination approved (assuming all outstanding shares are voted). Additionally, each public shareholder may elect
to redeem their public shares irrespective of whether they vote for or against the proposed transaction or whether they were a
public shareholder on the record date for the general meeting held to approve the proposed transaction.

 

Pursuant to our amended and restated memorandum and articles
of association, if we are unable to complete our initial business combination by October 22, 2022, we will (i) cease all operations
except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem
the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including
interest earned on the funds held in the trust account (less taxes payable and up to $100,000 of interest to pay dissolution expenses),
divided by the number of then outstanding public shares, which redemption will completely extinguish public shareholders’
rights as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law and
(iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders and our
board of directors, liquidate and dissolve, subject in the case of clauses (ii) and (iii) to our obligations under Cayman Islands
law to provide for claims of creditors and in all cases subject to the other requirements of applicable law. Our sponsor, officers
and directors have entered into a letter agreement with us, pursuant to which they have agreed to waive their rights to liquidating
distributions from the trust account with respect to their founder shares if we fail to complete our initial business combination
by October 22, 2022. However, if our sponsor or management team acquire public shares in or after the offering, they will be entitled
to liquidating distributions from the trust account with respect to such public shares if we fail to complete our initial business
combination within the prescribed time period.

 

In the event of a liquidation, dissolution or winding up of
the company after a business combination, our shareholders are entitled to share ratably in all assets remaining available for
distribution to them after payment of liabilities and after provision is made for each class of shares, if any, having preference
over the ordinary shares. Our shareholders have no preemptive or other subscription rights. There are no sinking fund provisions
applicable to the ordinary shares, except that we will provide our public shareholders with the opportunity to redeem their public
shares for cash at a per share price equal to the aggregate amount then on deposit in the trust account, including interest earned
on the funds held in the trust account and not previously released to us to pay our taxes, divided by the number of then outstanding
public shares, upon the completion of our initial business combination, subject to the limitations and on the conditions described
herein.

 

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Founder Shares and
Private Placement Shares

 

The founder shares are designated as Class B ordinary shares
and, except as described below, are identical to the Class A ordinary shares sold in the offering, and
holders of founder shares and private placement shares have the same shareholder rights as public shareholders, except that (i)
the founder shares and private placement shares are subject to certain transfer restrictions, as described in more detail below,
(ii) the founder shares are entitled to registration rights; (iii) in a vote to continue the Company in a jurisdiction outside
the Cayman Islands (which requires the approval of at least two thirds of the votes of all ordinary shares), holders of our founder
shares will have ten votes for every founder share and holders of our Class A ordinary shares will have one vote for every Class
A ordinary share, (iv) our sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they
have agreed to (A) waive their redemption rights with respect to their founder shares, private placement shares and public shares
in connection with the completion of our initial business combination, (B) waive their redemption rights with respect to their
founder shares and public shares in connection with a shareholder vote to approve an amendment to our amended and restated memorandum
and articles of association (x) to modify the substance or timing of our obligation to allow redemption in connection with our
initial business combination or to redeem 100% of our public shares if we have not consummated an initial business combination
by October 22, 2022 or (y) with respect to any other material provisions relating to shareholders’ rights or pre-initial
business combination activity, (C) waive their rights to liquidating distributions from the trust account with respect to their
founder shares and private placement shares if we fail to complete our initial business combination by October 22, 2022, although
they will be entitled to liquidating distributions from the trust account with respect to any public shares they hold if we fail
to complete our initial business combination within such time period and (D) vote any founder shares held by them and any public
shares purchased during or after the offering (including in open market and privately-negotiated transactions) in favor of our
initial business combination, (v) the founder shares are automatically convertible into Class A ordinary shares concurrently with
or immediately following the consummation of our initial business combination on a one-for-one basis, subject to adjustment as
described herein and in our amended and restated memorandum and articles of association, and (vi) only holders of Class B ordinary
shares will have the right to appoint directors in any election held prior to or in connection with the completion of our initial
business combination. 

 

The founder shares will automatically convert into Class A ordinary
shares concurrently with or immediately following the consummation of our initial business combination on a one-for-one basis,
subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and subject
to further adjustment as provided herein. In the case that additional Class A ordinary shares or equity-linked securities are issued
or deemed issued in connection with our initial business combination, the number of Class A ordinary shares issuable upon conversion
of all founder shares will equal, in the aggregate, 20% of the total number of Class A ordinary shares outstanding (excluding the
private placement shares) after such conversion (after giving effect to any redemptions of Class A ordinary shares by public shareholders),
including the total number of Class A ordinary shares issued, or deemed issued or issuable upon conversion or exercise of any equity-linked
securities or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of the initial
business combination, excluding any Class A ordinary shares or equity-linked securities exercisable for or convertible into Class
A ordinary shares issued, or to be issued, to any seller in the initial business combination and any private placement shares issued
to our sponsor, officers or directors upon conversion of working capital loans; provided that such conversion of founder shares
will never occur on a less than one-for-one basis.

 

With certain limited exceptions, the founder shares are not
transferable, assignable or salable (except to our officers and directors and other persons or entities affiliated with our sponsor,
each of whom will be subject to the same transfer restrictions) until the earlier of (A) one year after the completion of our initial
business combination or earlier if, subsequent to our initial business combination, the closing price of the Class A ordinary shares
equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business
combination, and (B) the date following the completion of our initial business combination on which we complete a liquidation,
merger, share exchange or other similar transaction that results in all of our shareholders having the right to exchange their
Class A ordinary shares for cash, securities or other property. The private placement shares are not be transferable, assignable
or salable until 30 days after the completion of our initial business combination (except, among other limited exceptions, to our
officers and directors and other persons or entities affiliated with our sponsor).

  

Register of Members

 

Under Cayman Islands law, we must keep a register of members
and there will be entered therein:

 

		●	the names and addresses of the members, a statement of the shares
held by each member, and of the amount paid or agreed to be considered as paid, on the shares of each member and the voting rights
of the shares of each member;

 

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		●	whether voting rights are attached to the share in issue;

		●	the date on which the name of any person was entered on the register
as a member; and

		●	the date on which any person ceased to be a member.

 

Under Cayman Islands law, the register of members of our company
is prima facie evidence of the matters set out therein (i.e. the register of members will raise a presumption of fact on the matters
referred to above unless rebutted) and a member registered in the register of members will be deemed as a matter of Cayman Islands
law to have legal title to the shares as set against its name in the register of members. Upon the closing of the public offering,
the register of members was immediately updated to reflect the issue of shares by us. Once our register of members was updated,
the shareholders recorded in the register of members were deemed to have legal title to the shares set against their name. However,
there are certain limited circumstances where an application may be made to a Cayman Islands court for a determination on whether
the register of members reflects the correct legal position. Further, the Cayman Islands court has the power to order that the
register of members maintained by a company should be rectified where it considers that the register of members does not reflect
the correct legal position. If an application for an order for rectification of the register of members were made in respect of
our ordinary shares, then the validity of such shares may be subject to re-examination by a Cayman Islands court. 

 

Preferred Shares

 

Our amended and restated memorandum and articles of association
authorize 5,000,000 preferred shares and provide that preferred shares may be issued from time to time in one or more series. Our
board of directors will be authorized to fix the voting rights, if any, designations, powers, preferences, the relative, participating,
optional or other special rights and any qualifications, limitations and restrictions thereof, applicable to the shares of each
series. Our board of directors is able to, without shareholder approval, issue preferred shares with voting and other rights that
could adversely affect the voting power and other rights of the holders of the ordinary shares and could have anti-takeover effects.
The ability of our board of directors to issue preferred shares without shareholder approval could have the effect of delaying,
deferring or preventing a change of control of us or the removal of existing management. We have no preferred shares outstanding
at the date hereof. Although we do not currently intend to issue any preferred shares, we cannot assure you that we will not do
so in the future. No preferred shares were issued or registered in the offering.

     

Dividends

 

We have not paid any cash dividends on our ordinary shares to
date and do not intend to pay cash dividends prior to the completion of a business combination. The payment of cash dividends in
the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition subsequent
to completion of a business combination. The payment of any cash dividends subsequent to a business combination will be within
the discretion of our board of directors at such time. Further, if we incur any indebtedness, our ability to declare dividends
may be limited by restrictive covenants we may agree to in connection therewith.

 

Our Transfer Agent 

 

The transfer agent for our ordinary shares is Continental Stock
Transfer & Trust Company. We have agreed to indemnify Continental Stock Transfer & Trust Company in its roles as transfer
agent, its agents and each of its shareholders, directors, officers and employees against all claims and losses that may arise
out of acts performed or omitted for its activities in that capacity, except for any liability due to any gross negligence or intentional
misconduct of the indemnified person or entity. Continental Stock Transfer & Trust Company has agreed that it has no right
of set-off or any right, title, interest or claim of any kind to, or to any monies in, the trust account, and has irrevocably waived
any right, title, interest or claim of any kind to, or to any monies in, the trust account that it may have now or in the future.
Accordingly, any indemnification provided will only be able to be satisfied, or a claim will only be able to be pursued, solely
against us and our assets outside the trust account and not against the any monies in the trust account or interest earned thereon.

 

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Certain Differences in Corporate Law

 

Cayman Islands companies are governed by the Companies Law.
The Companies Law is modeled on English Law but does not follow recent English Law statutory enactments, and differs from laws
applicable to U.S. corporations and their shareholders. Set forth below is a summary of the material differences between the provisions
of the Companies Law applicable to us and the laws applicable to companies incorporated in the United States and their shareholders.

 

Mergers and Similar Arrangements. In
certain circumstances, the Companies Law allows for mergers or consolidations between two Cayman Islands companies, or between
a Cayman Islands exempted company and a company incorporated in another jurisdiction (provided that is facilitated by the laws
of that other jurisdiction).

 

Where the merger or consolidation is between two Cayman Islands
companies, the directors of each company must approve a written plan of merger or consolidation containing certain prescribed information.
That plan or merger or consolidation must then be authorized by either (a) a special resolution (usually a majority of 66 2⁄3%
in value of the voting shares voted at a general meeting) of the shareholders of each company; or (b) such other authorization,
if any, as may be specified in such constituent company’s articles of association. No shareholder resolution is required
for a merger between a parent company (i.e., a company that owns at least 90% of the issued shares of each class in a subsidiary
company) and its subsidiary company. The consent of each holder of a fixed or floating security interest of a constituent company
must be obtained, unless the court waives such requirement. If the Cayman Islands Registrar of Companies is satisfied that the
requirements of the Companies Law (which includes certain other formalities) have been complied with, the Registrar of Companies
will register the plan of merger or consolidation. 

 

Where the merger or consolidation involves a foreign company,
the procedure is similar, save that with respect to the foreign company, the directors of the Cayman Islands exempted company are
required to make a declaration to the effect that, having made due enquiry, they are of the opinion that the requirements set out
below have been met: (i) that the merger or consolidation is permitted or not prohibited by the constitutional documents of the
foreign company and by the laws of the jurisdiction in which the foreign company is incorporated, and that those laws and any requirements
of those constitutional documents have been or will be complied with; (ii) that no petition or other similar proceeding has been
filed and remains outstanding or order made or resolution adopted to wind up or liquidate the foreign company in any jurisdictions;
(iii) that no receiver, trustee, administrator or other similar person has been appointed in any jurisdiction and is acting in
respect of the foreign company, its affairs or its property or any part thereof; (iv) that no scheme, order, compromise or other
similar arrangement has been entered into or made in any jurisdiction whereby the rights of creditors of the foreign company are
and continue to be suspended or restricted.

 

Where the surviving company is the Cayman Islands exempted company,
the directors of the Cayman Islands exempted company are further required to make a declaration to the effect that, having made
due enquiry, they are of the opinion that the requirements set out below have been met: (i) that the foreign company is able to
pay its debts as they fall due and that the merger or consolidated is bona fide and not intended to defraud unsecured creditors
of the foreign company; (ii) that in respect of the transfer of any security interest granted by the foreign company to the surviving
or consolidated company (a) consent or approval to the transfer has been obtained, released or waived; (b) the transfer is permitted
by and has been approved in accordance with the constitutional documents of the foreign company; and (c) the laws of the jurisdiction
of the foreign company with respect to the transfer have been or will be complied with; (iii) that the foreign company will, upon
the merger or consolidation becoming effective, cease to be incorporated, registered or exist under the laws of the relevant foreign
jurisdiction; and (iv) that there is no other reason why it would be against the public interest to permit the merger or consolidation.

 

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Where the above procedures are adopted, the Companies Law provides
for a right of dissenting shareholders to be paid a payment of the fair value of his shares upon their dissenting to the merger
or consolidation if they follow a prescribed procedure. In essence, that procedure is as follows (a) the shareholder must give
his written objection to the merger or consolidation to the constituent company before the vote on the merger or consolidation,
including a statement that the shareholder proposes to demand payment for his shares if the merger or consolidation is authorized
by the vote; (b) within 20 days following the date on which the merger or consolidation is approved by the shareholders, the constituent
company must give written notice to each shareholder who made a written objection; (c) a shareholder must within 20 days following
receipt of such notice from the constituent company, give the constituent company a written notice of his intention to dissent
including, among other details, a demand for payment of the fair value of his shares; (d) within seven days following the date
of the expiration of the period set out in paragraph (b) above or seven days following the date on which the plan of merger or
consolidation is filed, whichever is later, the constituent company, the surviving company or the consolidated company must make
a written offer to each dissenting shareholder to purchase his shares at a price that the company determines is the fair value
and if the company and the shareholder agree the price within 30 days following the date on which the offer was made, the company
must pay the shareholder such amount; and (e) if the company and the shareholder fail to agree a price within such 30 day period,
within 20 days following the date on which such 30 day period expires, the company (and any dissenting shareholder) must file a
petition with the Cayman Islands Grand Court to determine the fair value and such petition must be accompanied by a list of the
names and addresses of the dissenting shareholders with whom agreements as to the fair value of their shares have not been reached
by the company. At the hearing of that petition, the court has the power to determine the fair value of the shares together with
a fair rate of interest, if any, to be paid by the company upon the amount determined to be the fair value. Any dissenting shareholder
whose name appears on the list filed by the company may participate fully in all proceedings until the determination of fair value
is reached. These rights of a dissenting shareholder are not available in certain circumstances, for example, to dissenters holding
shares of any class in respect of which an open market exists on a recognized stock exchange or recognized interdealer quotation
system at the relevant date or where the consideration for such shares to be contributed are shares of any company listed on a
national securities exchange or shares of the surviving or consolidated company. 

 

Moreover, Cayman Islands law has separate statutory provisions
that facilitate the reconstruction or amalgamation of companies in certain circumstances, schemes of arrangement will generally
be more suited for complex mergers or other transactions involving widely held companies, commonly referred to in the Cayman Islands
as a “scheme of arrangement” which may be tantamount to a merger. In the event that a merger was sought pursuant to
a scheme of arrangement (the procedures for which are more rigorous and take longer to complete than the procedures typically required
to consummate a merger in the United States), the arrangement in question must be approved by a majority in number of each class
of shareholders and creditors with whom the arrangement is to be made and who must in addition represent three-fourths in value
of each such class of shareholders or creditors, as the case may be, that are present and voting either in person or by proxy at
a meeting, or meeting summoned for that purpose. The convening of the meetings and subsequently the terms of the arrangement must
be sanctioned by the Grand Court of the Cayman Islands. While a dissenting shareholder would have the right to express to the court
the view that the transaction should not be approved, the court can be expected to approve the arrangement if it satisfies itself
that:

 

		●	we are not proposing to act illegally or beyond the scope of our corporate
authority and the statutory provisions as to majority vote have been complied with;

		●	the shareholders have been fairly represented at the meeting in question;

		●	the arrangement is such as a businessman would reasonably approve;
and

		●	the arrangement is not one that would more properly be sanctioned
under some other provision of the Companies Law or that would amount to a “fraud on the minority.”

 

If a scheme of arrangement or takeover offer (as described below)
is approved, any dissenting shareholder would have no rights comparable to appraisal rights (providing rights to receive payment
in cash for the judicially determined value of the shares), which would otherwise ordinarily be available to dissenting shareholders
of U.S. corporations.

 

Squeeze-out Provisions. When a
takeover offer is made and accepted by holders of 90% of the shares to whom the offer relates is made within four months, the offeror
may, within a two-month period, require the holders of the remaining shares to transfer such shares on the terms of the offer.
An objection can be made to the Grand Court of the Cayman Islands but this is unlikely to succeed unless there is evidence of fraud,
bad faith, collusion or inequitable treatment of the shareholders.

 

Further, transactions similar to a merger, reconstruction and/or
an amalgamation may in some circumstances be achieved through means other than these statutory provisions, such as a share capital
exchange, asset acquisition or control, or through contractual arrangements, of an operating business.

 

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Shareholders’ Suits. Maples
and Calder, our Cayman Islands legal counsel, is not aware of any reported class action having been brought in a Cayman Islands
court. Derivative actions have been brought in the Cayman Islands courts, and the Cayman Islands courts have confirmed the availability
for such actions. In most cases, we will be the proper plaintiff in any claim based on a breach of duty owed to us, and a claim
against (for example) our officers or directors usually may not be brought by a shareholder. However, based both on Cayman Islands
authorities and on English authorities, which would in all likelihood be of persuasive authority and be applied by a court in the
Cayman Islands, exceptions to the foregoing principle apply in circumstances in which:

 

		●	a company is acting, or proposing to act, illegally or beyond the
scope of its authority;

		●	the act complained of, although not beyond the scope of the authority,
could be effected if duly authorized by more than the number of votes which have actually been obtained; or

		●	those who control the company are perpetrating a “fraud on the
minority.”

 

A shareholder may have a direct right of action against us where
the individual rights of that shareholder have been infringed or are about to be infringed.

 

Enforcement of Civil Liabilities. The
Cayman Islands has a different body of securities laws as compared to the United States and provides less protection to investors.
Additionally, Cayman Islands companies may not have standing to sue before the Federal courts of the United States. 

  

We have been advised by Maples and Calder, our Cayman Islands
legal counsel, that the courts of the Cayman Islands are unlikely (i) to recognize or enforce against us judgments of courts of
the United States predicated upon the civil liability provisions of the federal securities laws of the United States or any state;
and (ii) in original actions brought in the Cayman Islands, to impose liabilities against us predicated upon the civil liability
provisions of the federal securities laws of the United States or any state, so far as the liabilities imposed by those provisions
are penal in nature. In those circumstances, although there is no statutory enforcement in the Cayman Islands of judgments obtained
in the United States, the courts of the Cayman Islands will recognize and enforce a foreign money judgment of a foreign court of
competent jurisdiction without retrial on the merits based on the principle that a judgment of a competent foreign court imposes
upon the judgment debtor an obligation to pay the sum for which judgment has been given provided certain conditions are met. For
a foreign judgment to be enforced in the Cayman Islands, such judgment must be final and conclusive and for a liquidated sum, and
must not be in respect of taxes or a fine or penalty, inconsistent with a Cayman Islands judgment in respect of the same matter,
impeachable on the grounds of fraud or obtained in a manner, and or be of a kind the enforcement of which is, contrary to natural
justice or the public policy of the Cayman Islands (awards of punitive or multiple damages may well be held to be contrary to public
policy). A Cayman Islands Court may stay enforcement proceedings if concurrent proceedings are being brought elsewhere.

 

Special Considerations for Exempted Companies. We
are an exempted company with limited liability (meaning our public shareholders have no liability, as members of the company, for
liabilities of the company over and above the amount paid for their shares) under the Companies Law. The Companies Law distinguishes
between ordinary resident companies and exempted companies. Any company that is registered in the Cayman Islands but conducts business
mainly outside of the Cayman Islands may apply to be registered as an exempted company.

 

The requirements for an exempted company are similar for an
ordinary company, except for the exemptions below:

 

		●	an exempted company does not have to file an annual return of its
shareholders with the Registrar of Companies;

		●	an exempted company’s register of members is not open to inspection;

		●	an exempted company does not have to hold an annual general meeting;

		●	an exempted company may issue shares with no par value;

		●	an exempted company may obtain an undertaking against the imposition
of any future taxation (such undertakings are usually given for 20 years in the first instance);

		●	an exempted company may register by way of continuation in another
jurisdiction and be deregistered in the Cayman Islands;

		●	an exempted company may register as a limited duration company; and

		●	an exempted company may register as a segregated portfolio company.

 

    8

     

    

 

Amended and Restated Memorandum and Articles of Association

 

The Business Combination Article of our amended and restated
memorandum and articles of association contains provisions designed to provide certain rights and protections relating to the offering
that apply to us until the completion of our initial business combination. These provisions cannot be amended without a special
resolution. As a matter of Cayman Islands law, a resolution is deemed to be a special resolution where it has been approved by
either (i) at least two-thirds (or any higher threshold specified in a company’s articles of association) of a company’s
shareholders at a general meeting for which notice specifying the intention to propose the resolution as a special resolution has
been given; or (ii) if so authorized by a company’s articles of association, by a unanimous written resolution of all of
the company’s shareholders. Our amended and restated memorandum and articles of association provide that special resolutions
must be approved either by at least two-thirds of our shareholders (i.e., the lowest threshold permissible under Cayman Islands
law), or by a unanimous written resolution of all of our shareholders. 

 

Our initial shareholders, who collectively beneficially own
20% of our ordinary shares, will participate in any vote to amend our amended and restated memorandum and articles of association
and have the discretion to vote in any manner they choose. Specifically, our amended and restated memorandum and articles of association
provide, among other things, that:

 

		●	If we are unable to complete our initial business combination by October
22, 2022, we will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no
more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate
amount then on deposit in the trust account, including interest earned on the funds held in the trust account (less taxes payable
and up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption
will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation
distributions, if any) and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining
shareholders and our board of directors, liquidate and dissolve, subject in the case of clauses (ii) and (iii) to our obligations
under Cayman Islands law to provide for claims of creditors and in all cases subject to the other requirements of applicable law;

		●	Prior to our initial business combination, we may not issue additional
securities that would entitle the holders thereof to (i) receive funds from the trust account or (ii) vote on our initial business
combination;

		●	Although we do not intend to enter into a business combination with
a target business that is affiliated with our sponsor, our directors or our officers, we are not prohibited from doing so. In the
event we enter into such a transaction, we, or a committee of independent directors, will obtain an opinion from an independent
investment banking firm which is a member of FINRA or a valuation or appraisal firm that such a business combination is fair to
our company from a financial point of view;

		●	If a shareholder vote on our initial business combination is not required
by law and we do not decide to hold a shareholder vote for business or other legal reasons, we will offer to redeem our public
shares pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, and will file tender offer documents with the SEC prior to
completing our initial business combination which contain substantially the same financial and other information about our initial
business combination and the redemption rights as is required under Regulation 14A of the Exchange Act;

		●	If our shareholders approve an amendment to our amended and restated
memorandum and articles of association (A) to modify the substance or timing of our obligation to allow redemption in connection
with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination
by October 22, 2022 or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial
business combination activity, we will provide our public shareholders with the opportunity to redeem all or a portion of their
Class A ordinary shares upon such approval at a per-share price, payable in cash, equal to the aggregate amount then on deposit
in the trust account, including interest earned on the funds held in the trust account and not previously released to us to pay
our taxes, divided by the number of then outstanding public shares, subject to the limitations and on the conditions described
herein; and

		●	We will not effectuate our initial business combination with another
blank check company or a similar company with nominal operations.

 

    9

     

    

 

In addition, our amended and restated memorandum and articles
of association provide we will not redeem our public shares in an amount that would cause our net tangible assets to be less than
$5,000,001. We may, however, raise funds through the issuance of equity-linked securities or through loans, advances or other indebtedness
in connection with our initial business combination, including pursuant to forward purchase agreements or backstop arrangements
we may enter into following consummation of the offering, in order to, among other reasons, satisfy such net tangible assets requirement.

 

The Companies Law permits a company incorporated in the Cayman
Islands to amend its memorandum and articles of association with the approval of a special resolution. A company’s articles
of association may specify that the approval of a higher majority is required but, provided the approval of the required majority
is obtained, any Cayman Islands exempted company may amend its memorandum and articles of association regardless of whether its
memorandum and articles of association provides otherwise. Accordingly, although we could amend any of the provisions relating
to our proposed offering, structure and business plan which are contained in our amended and restated memorandum and articles of
association, we view all of these provisions as binding obligations to our shareholders and neither we, nor our officers or directors,
will take any action to amend or waive any of these provisions unless we provide dissenting public shareholders with the opportunity
to redeem their public shares. 

 

Anti-Money Laundering—Cayman Islands

  

If
any person in the Cayman Islands knows or suspects or has reasonable grounds for knowing or suspecting that another person is engaged
in criminal conduct or money laundering or is involved with terrorism or terrorist financing and property and the information for
that knowledge or suspicion came to their attention in the course of business in the regulated sector, or other trade, profession,
business or employment, the person will be required to report such knowledge or suspicion to (i) the Financial Reporting
Authority of the Cayman Islands, pursuant to the Proceeds of Crime Law (2020 Revision) of the Cayman Islands if the disclosure
relates to criminal conduct or money laundering, or (ii) a police officer of the rank of constable or higher, or the Financial
Reporting Authority, pursuant to the Terrorism Law (2018 Revision) of the Cayman Islands, if the disclosure relates to involvement
with terrorism or terrorist financing and property. Such a report will not be treated as a breach of confidence or of any restriction
upon the disclosure of information imposed by any enactment or otherwise.

 

Cayman Islands Data Protection

 

We have certain duties under the Data Protection Law, 2017 of
the Cayman Islands (the “DPL”) based on internationally accepted principles of data privacy.

 

Privacy Notice

 

Introduction

 

This privacy notice puts our shareholders on notice that through
your investment in the company you will provide us with certain personal information which constitutes personal data within the
meaning of the DPL (“personal data”). 

  

In the following discussion, the “company” refers
to us and our affiliates and/or delegates, except where the context requires otherwise.

 

Investor Data

 

We will collect, use, disclose, retain and secure personal data
to the extent reasonably required only and within the parameters that could be reasonably expected during the normal course of
business. We will only process, disclose, transfer or retain personal data to the extent legitimately required to conduct our activities
of on an ongoing basis or to comply with legal and regulatory obligations to which we are subject. We will only transfer personal
data in accordance with the requirements of the DPL, and will apply appropriate technical and organizational information security
measures designed to protect against unauthorized or unlawful processing of the personal data and against the accidental loss,
destruction or damage to the personal data.

 

    10

     

    

 

In our use of this personal data, we will be characterized as
a “data controller” for the purposes of the DPL, while our affiliates and service providers who may receive this personal
data from us in the conduct of our activities may either act as our “data processors” for the purposes of the DPL or
may process personal information for their own lawful purposes in connection with services provided to us.

 

We may also obtain personal data from other public sources.
Personal data includes, without limitation, the following information relating to a shareholder and/or any individuals connected
with a shareholder as an investor: name, residential address, email address, contact details, corporate contact information, signature,
nationality, place of birth, date of birth, tax identification, credit history, correspondence records, passport number, bank account
details, source of funds details and details relating to the shareholder’s investment activity.

 

Who this Affects

 

If you are a natural person, this will affect you directly.
If you are a corporate investor (including, for these purposes, legal arrangements such as trusts or exempted limited partnerships)
that provides us with personal data on individuals connected to you for any reason in relation your investment in the Company,
this will be relevant for those individuals and you should transmit the content of this Privacy Notice to such individuals or otherwise
advise them of its content.

 

How the Company May Use Your Personal Data

 

The company, as the data controller, may collect, store and
use personal data for lawful purposes, including, in particular:

 

		(i)	where this is necessary for the performance of our rights and obligations under any purchase agreements;

		(ii)	where this is necessary for compliance with a legal and regulatory obligation to which we are subject (such as compliance with
anti-money laundering and FATCA/CRS requirements); and/or

		(iii)	where this is necessary for the purposes of our legitimate interests and such interests are not overridden by your interests,
fundamental rights or freedoms.

 

Should we wish to use personal data for other specific purposes
(including, if applicable, any purpose that requires your consent), we will contact you.

 

Why We May Transfer Your Personal Data

 

In certain circumstances, we may be legally obliged to share
personal data and other information with respect to your shareholding with the relevant regulatory authorities such as the Cayman
Islands Monetary Authority or the Tax Information Authority. They, in turn, may exchange this information with foreign authorities,
including tax authorities.

 

We anticipates disclosing personal data to persons who provide
services to us and their respective affiliates (which may include certain entities located outside the United States, the Cayman
Islands or the European Economic Area), who will process your personal data on our behalf. 

 

The Data Protection Measures We Take

 

Any transfer of personal data by us or our duly authorized affiliates
and/or delegates outside of the Cayman Islands shall be in accordance with the requirements of the DPL.

 

We and our duly authorized affiliates and/or delegates shall
apply appropriate technical and organizational information security measures designed to protect against unauthorized or unlawful
processing of personal data, and against accidental loss or destruction of, or damage to, personal data.

 

We shall notify you of any personal data breach that is reasonably
likely to result in a risk to your interests, fundamental rights or freedoms or those data subjects to whom the relevant personal
data relates.

 

    11

     

    

 

Certain Anti-Takeover Provisions of our Amended and Restated
Memorandum and Articles of Association

 

Our amended and restated memorandum and articles of association
provide that our board of directors will be classified into three classes of directors. As a result, in most circumstances, a person
can gain control of our board only by successfully engaging in a proxy contest at two or more annual general meetings.

 

Our authorized but unissued Class A ordinary shares and preferred
shares are available for future issuances without shareholder approval and could be utilized for a variety of corporate purposes,
including future offerings to raise additional capital, acquisitions and employee benefit plans. The existence of authorized but
unissued and unreserved Class A ordinary shares and preferred shares could render more difficult or discourage an attempt to obtain
control of us by means of a proxy contest, tender offer, merger or otherwise.

 

Securities Eligible for Future Sale

 

Immediately after the offering we had 14,805,000 ordinary shares
outstanding. Of these shares, the 11,500,000 Class A ordinary shares sold in the offering are freely tradable without restriction
or further registration under the Securities Act, except for any Class A ordinary shares purchased by one of our affiliates within
the meaning of Rule 144 under the Securities Act. All of the 2,875,000 outstanding founder shares and all of the 430,000 outstanding
private placement shares are restricted securities under Rule 144, in that they were issued in private transactions not involving
a public offering.

 

Rule 144

 

Pursuant to Rule 144, a person who has beneficially owned restricted
shares for at least six months would be entitled to sell their securities provided that (i) such person is not deemed to have been
one of our affiliates at the time of, or at any time during the three months preceding, a sale and (ii) we are subject to the Exchange
Act periodic reporting requirements for at least three months before the sale and have filed all required reports under Section
13 or 15(d) of the Exchange Act during the 12 months (or such shorter period as we were required to file reports) preceding the
sale.

 

Persons who have beneficially owned restricted shares for at
least six months but who are our affiliates at the time of, or at any time during the three months preceding, a sale, would be
subject to additional restrictions, by which such person would be entitled to sell within any three-month period only a number
of securities that does not exceed the greater of:

 

	 	●	1% of the total number of ordinary shares then outstanding, which equals 148,050 shares immediately after the offering; or
	 	●	the average weekly reported trading volume of the Class A ordinary shares during the four calendar weeks preceding the filing of a notice on Form 144 with respect to the sale.

 

Sales by our affiliates under Rule 144 are also limited by manner
of sale provisions and notice requirements and to the availability of current public information about us. 

 

Restrictions on the Use of Rule 144 by Shell Companies or
Former Shell Companies

 

Rule 144 is not available for the resale of securities initially
issued by shell companies (other than business combination related shell companies) or issuers that have been at any time previously
a shell company. However, Rule 144 also includes an important exception to this prohibition if the following conditions are met:

 

		●	the issuer of the securities that was formerly a shell company has
ceased to be a shell company;

		●	the issuer of the securities is subject to the reporting requirements
of Section 13 or 15(d) of the Exchange Act;

 

    12

     

    

 

		●	the issuer of the securities has filed all Exchange Act reports and
material required to be filed, as applicable, during the preceding 12 months (or such shorter period that the issuer was required
to file such reports and materials), other than current reports on Form 8-K; and

		●	at least one year has elapsed from the time that the issuer filed
current Form 10 type information with the SEC reflecting its status as an entity that is not a shell company.

 

As a result, our initial shareholders will be able to sell their
founder shares and private placement shares, as applicable, pursuant to Rule 144 without registration one year after we have completed
our initial business combination.

 

Registration Rights

 

The holders of the (i) founder shares, which were issued in
a private placement prior to the closing of the offering, (ii) private placement shares, which were issued in a private placement
simultaneously with the closing of the offering and (iii) private placement shares that may be issued upon conversion of working
capital loans will have registration rights to require us to register a sale of any of our securities held by them pursuant to
a registration rights agreement signed on the effective date of the offering. Pursuant to the registration rights agreement and
assuming $1,500,000 of working capital loans are converted into private placement shares, we are obligated to register up
to 3,455,000 Class A ordinary shares and 4,300,000 private placement shares. The number of Class A ordinary shares includes (i)
2,875,000 Class A ordinary shares to be issued upon conversion of the founder shares, (ii) 430,000 private placement shares and
(iii) 150,000 Class A ordinary shares issued upon conversion of working capital loans. The holders of these securities are entitled
to make up to three demands, excluding short form demands, that we register such securities. In addition, the holders have certain
“piggyback” registration rights with respect to registration statements filed subsequent to our completion of our initial
business combination. We will bear the expenses incurred in connection with the filing of any such registration statements.

 

Listing of Securities

 

Our Class A ordinary shares are listed on Nasdaq under the symbol
“HLXA”.

 

 

13Exhibit 10.7

    

     

    

    OWLET BABY CARE INC.

    

    

    2014 EQUITY INCENTIVE PLAN

    

    

    ADOPTED BY THE BOARD OF DIRECTORS: JUNE 30, 2014

    APPROVED BY THE STOCKHOLDERS: MAY 7, 2015

    TERMINATION DATE: JUNE 30, 2024

     

    

    1.           

    General.

     

    

    (a)          

    Eligible Stock Award Recipients.  The persons eligible to receive Stock Awards are Employees, Directors and Consultants.

     

    

    (b)         

    Available Stock Awards.  The Plan provides for the grant of the following Stock Awards: (i) Incentive Stock Options, (ii) Nonstatutory
      Stock Options, (iii) Stock Appreciation Rights, (iv) Restricted Stock Awards, and (v) Restricted Stock Unit Awards.

     

    

    (c)          

    Purpose.  The Company, by means of the Plan, seeks to secure and retain the services of the group of persons eligible to receive Stock
      Awards as set forth in Section 1(a), to provide incentives for such persons to exert maximum efforts for the success of the Company and any Affiliate, and to provide a means by which such eligible recipients may be given an opportunity to benefit
      from increases in value of the Common Stock through the granting of Stock Awards.

     

    

    2.            

    Administration.

     

    

    (a)         

    Administration by Board.  The Board shall administer the Plan unless and until the Board
      delegates administration of the Plan to a Committee or Committees, as provided in Section 2(c).

     

    

    (b)          

    Powers of Board.  The Board shall have the power, subject to, and within the limitations of, the express provisions of the Plan:

    

    

    (i)         

    To determine from time to time (A) which of the persons eligible under the Plan shall be granted Stock Awards; (B) when and how each Stock Award shall be granted; (C) what
      type or combination of types of Stock Award shall be granted; (D) the provisions of each Stock Award granted (which need not be identical), including the time or times when a person shall be permitted to receive cash or Common Stock pursuant to a
      Stock Award; (E) the number of shares of Common Stock with respect to which a Stock Award shall be granted to each such person; and (F) the Fair Market Value applicable to a Stock Award.

    

    

    (ii)       

    To construe and interpret the Plan and Stock Awards granted under it, and to establish, amend and revoke rules and regulations for administration of the Plan.  The Board, in
      the exercise of this power, may correct any defect, omission or inconsistency in the Plan or in any Stock Award Agreement, in a manner and to the extent it shall deem necessary or expedient to make the Plan or Stock Award fully effective.

     

    

    
      1

      
        

    

    (iii)       

    To settle all controversies regarding the Plan and Stock Awards granted under it.

    

    

    (iv)       

    To accelerate the time at which a Stock Award may first be exercised or the time during which a Stock Award or any part thereof will vest in accordance with the Plan,
      notwithstanding the provisions in the Stock Award stating the time at which it may first be exercised or the time during which it will vest.

    

    

    (v)        

    To suspend or terminate the Plan at any time.  Suspension or termination of the Plan shall not impair rights and obligations under any Stock Award granted while the Plan is in
      effect except with the written consent of the affected Participant.

    

    

    (vi)      

    To amend the Plan in any respect the Board deems necessary or advisable, including, without limitation, amendments relating to Incentive Stock Options and certain nonqualified
      deferred compensation under Section 409A of the Code and/or to bring the Plan or Stock Awards granted under the Plan into compliance therewith, subject to the limitations, if any, of applicable law.  However, except as

      provided in Section 9(a) relating to Capitalization Adjustments, to the extent required by applicable law, stockholder approval shall be required for any amendment of the Plan that either (A) materially increases the number of shares of Common
      Stock available for issuance under the Plan, (B) materially expands the class of individuals eligible to receive Stock Awards under the Plan, (C) materially increases the benefits accruing to Participants under the Plan or materially reduces the
      price at which shares of Common Stock may be issued or purchased under the Plan, (D) materially extends the term of the Plan, or (E) expands the types of Stock Awards available for issuance under the Plan.  Except as provided above, rights under any
      Stock Award granted before amendment of the Plan shall not be impaired by any amendment of the Plan unless (1) the Company requests the consent of the affected Participant, and (2) such Participant consents in writing.

    

    

    (vii)      

    To submit any amendment to the Plan for stockholder approval, including, but not limited to, amendments to the Plan intended to satisfy the requirements of Section 422 of the
      Code regarding Incentive Stock Options.

    

    

    (viii)    

    To approve forms of Stock Award Agreements for use under the Plan and to amend the terms of any one or more Stock Awards, including, but not limited to, amendments to provide
      terms more favorable to the Participant than previously provided in the Stock Award Agreement, subject to any specified limits in the Plan that are not subject to Board discretion; provided however, that,
      the rights under any Stock Award shall not be impaired by any such amendment unless (i) the Company requests the consent of the affected Participant, and (ii) such Participant consents in writing.  Notwithstanding the foregoing, subject to the
      limitations of applicable law, if any, and without the affected Participant’s consent, the Board may amend the terms of any one or more Stock Awards if necessary to maintain the qualified status of the Stock Award as an Incentive Stock Option or to
      bring the Stock Award into compliance with Section 409A of the Code.

     

    

    
      2

      
        

    

    (ix)       

    Generally, to exercise such powers and to perform such acts as the Board deems necessary or expedient to promote the best interests of the Company and that are not in conflict
      with the provisions of the Plan or Stock Awards.

    

    

    (x)        

    To adopt such procedures and sub-plans as are necessary or appropriate to permit participation in the Plan by Employees, Directors or Consultants who are foreign nationals or
      employed outside the United States.

    

    

    (xi)       

    To effect, at any time and from time to time, with the consent of any adversely affected Participant, (A) the reduction of the exercise price (or strike price) of any
      outstanding Option or SAR under the Plan, (B) the cancellation of any outstanding Option or SAR under the Plan and the grant in substitution therefore of (1) a new Option or SAR under the Plan or another equity plan of the Company covering the same
      or a different number of shares of Common Stock, (2) a Restricted Stock Award, (3) a Restricted Stock Unit Award, (4) cash and/or (5) other valuable consideration (as determined by the Board, in its sole discretion), or (C) any other action that is
      treated as a repricing under generally accepted accounting principles; provided, however, that no such reduction or cancellation may be effected if it is determined, in the Company’s sole discretion, that
      such reduction or cancellation would result in any such outstanding Option becoming subject to the requirements of Section 409A of the Code.

     

    

    (c)         

    Delegation to Committee.  The Board may delegate some or all of the administration of the Plan to a Committee or Committees.  If
      administration of the Plan is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore possessed by the Board that have been delegated to the Committee, including the power to
      delegate to a subcommittee of the Committee any of the administrative powers the Committee is authorized to exercise (and references in this Plan to the Board shall thereafter be to the Committee or subcommittee), subject, however, to such
      resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board.  The Board may retain the authority to concurrently administer the Plan with the Committee and may, at any time, revest in the Board some
      or all of the powers previously delegated.

     

    

    (d)         

    Delegation to an Officer.  The Board may delegate to one or more Officers of the Company the authority to do one or both of the
      following: (i) designate Officers and Employees of the Company or any of its Subsidiaries to be recipients of Options and Stock Appreciation Rights (and, to the extent permitted by applicable law, other Stock Awards) and the terms thereof, and (ii)
      determine the number of shares of Common Stock to be subject to such Stock Awards granted to such Officers and Employees; provided, however, that the Board resolutions regarding such delegation shall specify
      the total number of shares of Common Stock that may be subject to the Stock Awards granted by such Officer and that such Officer may not grant a Stock Award to himself or herself.  Notwithstanding the foregoing, the Board may not delegate authority
      to an Officer to determine the Fair Market Value pursuant to Section 13(t) below.

     

    

    (e)          

    Effect of Board’s Decision.  All determinations, interpretations and constructions made by the Board in good faith shall not be subject
      to review by any person and shall be final, binding and conclusive on all persons.

     

    

    
      3

      
        

    

    3.           

    Shares Subject To The Plan.

     

    

    (a)         

    Share Reserve.  Subject to the provisions of Section 9(a) relating to Capitalization Adjustments, the aggregate number of shares of
      Common Stock that may be issued pursuant to Stock Awards beginning on the Effective Date shall not exceed 7,910,651 shares (the “Share Reserve”).  Furthermore, if a Stock Award (i) expires or otherwise
      terminates without having been exercised in full or (ii) is settled in cash (i.e., the holder of the Stock Award receives cash rather than stock), such expiration, termination or settlement shall not reduce
      (or otherwise offset) the number of shares of Common Stock that may be issued pursuant to the Plan.  For clarity, the limitation in this Section 3(a) is a limitation in the number of shares of Common Stock that may be issued pursuant to the Plan. 
      Accordingly, this Section 3(a) does not limit the granting of Stock Awards except as provided in Section 7(a).

    

    

    (b)        

    Reversion of Shares to the Share Reserve.  If any shares of Common Stock issued pursuant to a Stock Award are forfeited back to the
      Company because of the failure to meet a contingency or condition required to vest such shares in the Participant, then the shares which are forfeited shall revert to and again become available for issuance under the Plan.  Also, any shares
      reacquired by the Company pursuant to Section 8(g) or as consideration for the exercise of an Option shall again become available for issuance under the Plan.  Notwithstanding the provisions of this Section 3(b), any such shares shall not be
      subsequently issued pursuant to the exercise of Incentive Stock Options.

    

    

    (c)          

    Incentive Stock Option Limit.  Notwithstanding anything to the contrary in this Section 3(c), subject to the provisions of Section 9(a)
      relating to Capitalization Adjustments, the aggregate maximum number of shares of Common Stock that may be issued pursuant to the exercise of Incentive Stock Options shall be equal to the Share Reserve.

    

    

    (d)         

    Source of Shares.  The stock issuable under the Plan shall be shares of authorized but unissued or reacquired Common Stock, including
      shares repurchased by the Company on the open market or otherwise.

    

    

    4.           

      

     Eligibility.

     

    

    (a)         

    Eligibility for Specific Stock Awards.  Incentive Stock Options may be granted only to employees of the Company or a “parent
      corporation” or “subsidiary corporation” thereof (as such terms are defined in Sections 424(e) and (f) of the Code).  Stock Awards other than Incentive Stock Options may be granted to Employees, Directors and Consultants; provided, however, Nonstatutory Stock Options and SARs may not be granted to Employees, Directors and Consultants who are providing Continuous Service only to any “parent” of the Company, as such term is defined in Rule 405, unless
      the stock underlying such Stock Awards is treated as “service recipient stock” under Section 409A of the Code because the Stock Awards are granted pursuant to a corporate transaction (such as a spin off transaction) or unless such Stock Awards comply
      with the distribution requirements of Section 409A of the Code.

     

    

     (b)         

    Ten Percent Stockholders.  A Ten Percent Stockholder shall not be granted an Incentive Stock Option unless the exercise price of such
      Option is at least one hundred ten percent (110%) of the Fair Market Value on the date of grant and the Option is not exercisable after the expiration of five (5) years from the date of grant.

    
      4

      
        

    

    (c)         

    Consultants.  A Consultant shall not be eligible for the grant of a Stock Award if, at the time of grant, either the offer or the sale
      of the Company’s securities to such Consultant is not exempt under Rule 701 because of the nature of the services that the Consultant is providing to the Company, because the Consultant is not a natural person, or because of any other provision of
      Rule 701, unless the Company determines that such grant need not comply with the requirements of Rule 701 and will satisfy another exemption under the Securities Act as well as comply with the securities laws of all other relevant jurisdictions.

    

    

    5.           

    Provisions Relating To Options And Stock Appreciation Rights.

     

    

    Each Option or SAR shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate.  All Options shall be separately designated Incentive Stock Options or
      Nonstatutory Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates shall be issued for shares of Common Stock purchased on exercise of each type of Option.  If an Option is not specifically
      designated as an Incentive Stock Option, then the Option shall be a Nonstatutory Stock Option.  The provisions of separate Options or SARs need not be identical; provided, however, that each Option Agreement
      or Stock Appreciation Right Agreement shall conform to (through incorporation of provisions hereof by reference in the applicable Stock Award Agreement or otherwise) the substance of each of the following provisions:

    

    

    (a)         

    Term.  Subject to the provisions of Section 4(b) regarding Ten Percent Stockholders, no Option or SAR shall be exercisable after the
      expiration of ten (10) years from the date of its grant or such shorter period specified in the Stock Award Agreement.

    

    

    (b)         

    Exercise Price.  Subject to the provisions of Section 4(b) regarding Incentive Stock Options granted to Ten Percent Stockholders, the
      exercise price (or strike price) of each Option or SAR shall be not less than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to the Option or SAR on the date the Option or SAR is granted.  Notwithstanding the
      foregoing, an Option or SAR may be granted with an exercise price (or strike price) lower than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to the Option or SAR if such Option or SAR is granted pursuant to an
      assumption of or substitution for another option or stock appreciation right pursuant to a Corporate Transaction and in a manner consistent with the provisions of Sections 409A and 424(a) of the Code (whether or not such Stock Awards are Incentive
      Stock Options).  Each SAR will be denominated in shares of Common Stock equivalents.

     

    

    (c)         

    Consideration for Options.  The purchase price of Common Stock acquired pursuant to the exercise of an Option shall be paid, to the
      extent permitted by applicable law and as determined by the Board in its sole discretion, by any combination of the methods of payment set forth below.  The Board shall have the authority to grant Options that do not permit all of the following
      methods of payment (or otherwise restrict the ability to use certain methods) and to grant Options that require the consent of the Company to utilize a particular method of payment.  The permitted methods of payment are as follows:

     

    

    (i)          

    by cash, check, bank draft or money order payable to the Company; 

     

    

    
      5

      
        

    

    (ii)        

    pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board that, prior to the issuance of the stock subject to the Option, results in
      either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds;

    

    

    (iii)       

    by delivery to the Company (either by actual delivery or attestation) of shares of Common Stock;

    

    

    (iv)      

    if the Option is a Nonstatutory Stock Option, by a “net exercise” arrangement pursuant to which the Company will reduce the number of shares of Common Stock issuable upon
      exercise by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price; provided, however, that the Company shall accept a cash or other payment from the
      Participant to the extent of any remaining balance of the aggregate exercise price not satisfied by such reduction in the number of whole shares to be issued; provided, further, that shares of Common Stock
      will no longer be subject to an Option and will not be exercisable thereafter to the extent that (A) shares issuable upon exercise are reduced to pay the exercise price pursuant to the “net exercise,” (B) shares are delivered to the Participant as a
      result of such exercise, and (C) shares are withheld to satisfy tax withholding obligations; or

    

    

    (v)        

    according to a deferred payment or similar arrangement with the Optionholder; provided, however, that interest shall compound at
      least annually and shall be charged at the minimum rate of interest necessary to avoid (A) the imputation of interest income to the Company and compensation income to the Optionholder under any applicable provisions of the Code, and (B) the
      classification of the Option as a liability for financial accounting purposes; or

    

    

    (vi)        

    in any other form of legal consideration that may be acceptable to the Board.

     

    

    (d)         

    Exercise and Payment of a SAR.  To exercise any outstanding Stock Appreciation Right, the Participant must provide written notice of
      exercise to the Company in compliance with the provisions of the Stock Appreciation Right Agreement evidencing such Stock Appreciation Right.  The appreciation distribution payable on the exercise of a Stock Appreciation Right will be not greater
      than an amount equal to the excess of (A) the aggregate Fair Market Value (on the date of the exercise of the Stock Appreciation Right) of a number of shares of Common Stock equal to the number of Common Stock equivalents in which the Participant is
      vested under such Stock Appreciation Right, and with respect to which the Participant is exercising the Stock Appreciation Right on such date, over (B) the strike price that will be determined by the Board at the time of grant of the Stock
      Appreciation Right.  The appreciation distribution in respect to a Stock Appreciation Right may be paid in Common Stock, in cash, in any combination of the two or in any other form of consideration, as determined by the Board and contained in the
      Stock Appreciation Right Agreement evidencing such Stock Appreciation Right.

     

    

    
      6

      
        

    

    (e)          

    Transferability of Options and SARs.  The Board may, in its sole discretion, impose such limitations on the transferability of Options
      and SARs as the Board shall determine.  In the absence of such a determination by the Board to the contrary, the following restrictions on the transferability of Options and SARs shall apply:

     

      

    (i)        

    Restrictions on Transfer.  An Option or SAR shall not be transferable except by will or by the laws of descent and distribution and
      shall be exercisable during the lifetime of the Participant only by the Participant; provided, however, that the Board may, in its sole discretion, permit transfer of the Option or SAR to such extent as
      permitted by Rule 701 and in a manner consistent with applicable tax and securities laws upon the Participant’s request.

     

    

    (ii)       

    Domestic Relations Orders.  Notwithstanding the foregoing, an Option or SAR may be transferred pursuant to a domestic relations order;
      provided, however, that if an Option is an Incentive Stock Option, such Option may be deemed to be a Nonstatutory Stock Option as a result of such transfer.

     

    

    (iii)      

    Beneficiary Designation.  Notwithstanding the foregoing, the Participant may, by delivering written notice to the Company, in a form
      provided by or otherwise satisfactory to the Company and any broker designated by the Company to effect Option exercises, designate a third party who, in the event of the death of the Participant, shall thereafter be entitled to exercise the Option
      or SAR and receive the Common Stock or other consideration resulting from such exercise.  In the absence of such a designation, the executor or administrator of the Participant’s estate shall be entitled to exercise the Option or SAR and receive the
      Common Stock or other consideration resulting from such exercise.

     

    

    (f)         

    Vesting Generally.  The total number of shares of Common Stock subject to an Option or SAR may vest and therefore become exercisable in
      periodic installments that may or may not be equal.  The Option or SAR may be subject to such other terms and conditions on the time or times when it may or may not be exercised (which may be based on the satisfaction of performance goals or other
      criteria) as the Board may deem appropriate.  The vesting provisions of individual Options or SARs may vary.  The provisions of this Section 5(f) are subject to any Option or SAR provisions governing the minimum number of shares of Common Stock as to
      which an Option or SAR may be exercised.

     

    

    (g)         

    Termination of Continuous Service.  Except as otherwise provided in the applicable Stock Award Agreement or other agreement between the
      Participant and the Company, in the event that a Participant’s Continuous Service terminates (other than for Cause or upon the Participant’s death or Disability), the Participant may exercise his or her Option or SAR (to the extent that the
      Participant was entitled to exercise such Stock Award as of the date of termination of Continuous Service) but only within such period of time ending on the earlier of (i) the date three (3) months following the termination of the Participant’s
      Continuous Service (or such longer or shorter period specified in the Stock Award Agreement, which period shall not be less than thirty (30) days if necessary to comply with applicable state laws unless such termination is for Cause) or (ii) the
      expiration of the term of the Option or SAR as set forth in the Stock Award Agreement.  If, after termination of Continuous Service, the Participant does not exercise his or her Option or SAR within the time specified herein or in the Stock Award
      Agreement (as applicable), the Option or SAR shall terminate.

     

    

    
      7

      
        

    

    (h)        

    Extension of Termination Date.  Except as otherwise provided in the applicable Stock Award Agreement or other agreement between the
      Participant and the Company, if the exercise of an Option or SAR following the termination of the Participant’s Continuous Service (other than for Cause or upon the Participant’s death or Disability) would be prohibited at any time solely because the
      issuance of shares of Common Stock would violate the registration requirements under the Securities Act, then the Option or SAR shall terminate on the earlier of (i) the expiration of a period of three (3) months after the termination of the
      Participant’s Continuous Service during which the exercise of the Option or SAR would not be in violation of such registration requirements, or (ii) the expiration of the term of the Option or SAR as set forth in the Stock Award Agreement.  In
      addition, unless otherwise provided in a Participant’s Award Agreement, if the sale of any Common Stock received upon exercise of an Option or SAR following the termination of the Participant’s Continuous Service (other than for Cause) would violate
      the Company’s insider trading policy, then the Option or SAR shall terminate on the earlier of (i) the expiration of a period equal to the applicable post-termination exercise period after the termination of the Participant’s Continuous Service
      during which the exercise of the Option or SAR would not be in violation of the Company’s insider trading policy, or (ii) the expiration of the term of the Option or SAR as set forth in the applicable Stock Award Agreement.

     

    

    (i)          

    Disability of Participant.  Except as otherwise provided in the applicable Stock Award Agreement or other agreement between the
      Participant and the Company, in the event that a Participant’s Continuous Service terminates as a result of the Participant’s Disability, the Participant may exercise his or her Option or SAR (to the extent that the Participant was entitled to
      exercise such Option or SAR as of the date of termination of Continuous Service), but only within such period of time ending on the earlier of (i) the date twelve (12) months following such termination of Continuous Service (or such longer or shorter
      period specified in the Stock Award Agreement, which period shall not be less than six (6) months if necessary to comply with applicable state laws), or (ii) the expiration of the term of the Option or SAR as set forth in the Stock Award Agreement. 
      If, after termination of Continuous Service, the Participant does not exercise his or her Option or SAR within the time specified herein or in the Stock Award Agreement (as applicable), the Option or SAR shall terminate.

     

    

    (j)          

    Death of Participant.  Except as otherwise provided in the applicable Stock Award Agreement or other agreement between the Participant
      and the Company, in the event that (i) a Participant’s Continuous Service terminates as a result of the Participant’s death, or (ii) the Participant dies within the period (if any) specified in the Stock Award Agreement after the termination of the
      Participant’s Continuous Service for a reason other than death, then the Option or SAR may be exercised (to the extent the Participant was entitled to exercise such Option or SAR as of the date of death) by the Participant’s estate, by a person who
      acquired the right to exercise the Option or SAR by bequest or inheritance or by a person designated to exercise the Option or SAR upon the Participant’s death, but only within the period ending on the earlier of (i) the date eighteen (18) months
      following the date of death (or such longer or shorter period specified in the Stock Award Agreement, which period shall not be less than six (6) months if necessary to comply with applicable state laws), or (ii) the expiration of the term of such
      Option or SAR as set forth in the Stock Award Agreement.  If, after the Participant’s death, the Option or SAR is not exercised within the time specified herein or in the Stock Award Agreement (as applicable), the Option or SAR shall terminate.

     

    

    
      8

      
        

    

    (k)         

    Termination for Cause.  Except as explicitly provided otherwise in a Participant’s Stock Award Agreement, if a Participant’s Continuous
      Service is terminated for Cause, the Option or SAR shall terminate upon the termination date of such Participant’s Continuous Service, and the Participant shall be prohibited from exercising his or her Option or SAR from and after the time of such
      termination of Continuous Service.

     

    

    (l)         

    Non-Exempt Employees.  No Option or SAR granted to an Employee who is a non-exempt employee for purposes of the Fair Labor Standards
      Act of 1938, as amended, shall be first exercisable for any shares of Common Stock until at least six months following the date of grant of the Option or SAR.  Notwithstanding the foregoing, consistent with the provisions of the Worker Economic
      Opportunity Act, in the event of the Participant’s death or Disability, upon a Corporate Transaction or a Change in Control in which the vesting of such Options or SARs accelerates, or upon the Participant’s retirement (as such term may be defined in
      the Participant’s Stock Award Agreement or in another applicable agreement or in accordance with the Company’s then current employment policies and guidelines) any such vested Options and SARs may be exercised earlier than six months following the
      date of grant.  The foregoing provision is intended to operate so that any income derived by a non-exempt employee in connection with the exercise or vesting of an Option or SAR will be exempt from his or her regular rate of pay.

     

    

    (m)        

    Early Exercise of Options.  An Option may, but need not, include a provision whereby the Optionholder may elect at any time before the
      Optionholder’s Continuous Service terminates to exercise the Option as to any part or all of the shares of Common Stock subject to the Option prior to the full vesting of the Option.  Subject to the “Repurchase Limitation” in Section 8(1), any
      unvested shares of Common Stock so purchased may be subject to a repurchase right in favor of the Company or to any other restriction the Board determines to be appropriate.  Provided that the “Repurchase Limitation” in Section 8(1) is not violated,
      the Company shall not be required to exercise its repurchase right until at least six (6) months (or such longer or shorter period of time required to avoid classification of the Option as a liability for financial accounting purposes) have elapsed
      following exercise of the Option unless the Board otherwise specifically provides in the Option Agreement.

     

    

    (n)         

    Right of Repurchase.  Subject to the “Repurchase Limitation” in Section 8(1), the Option or SAR may include a provision whereby the
      Company may elect to repurchase all or any part of the vested shares of Common Stock acquired by the Participant pursuant to the exercise of the Option or SAR.

     

    

    (o)         

    Right of First Refusal.  The Option or SAR may include a provision whereby the Company may elect to exercise a right of first refusal
      following receipt of notice from the Participant of the intent to transfer all or any part of the shares of Common Stock received upon the exercise of the Option or SAR.  Such right of first refusal shall be subject to the “Repurchase Limitation” in
      Section 8(1).  Except as expressly provided in this Section 5(o) or in the Stock Award Agreement, such right of first refusal shall otherwise comply with any applicable provisions of the Bylaws of the Company.

     

    

    
      9

      
        

    

    6.           

    Provisions of restricted stock awards and restricted stock units.

     

    

    (a)         

    Restricted Stock Awards.  Each Restricted Stock Award Agreement shall be in such form and shall contain such terms and conditions as
      the Board shall deem appropriate.  To the extent consistent with the Company’s Bylaws, at the Board’s election, shares of Common Stock may be (x) held in book entry form subject to the Company’s instructions until any restrictions relating to the
      Restricted Stock Award lapse; or (y) evidenced by a certificate, which certificate shall be held in such form and manner as determined by the Board.  The terms and conditions of Restricted Stock Award Agreements may change from time to time, and the
      terms and conditions of separate Restricted Stock Award Agreements need not be identical; provided, however, that each Restricted Stock Award Agreement shall conform to (through incorporation of the
      provisions hereof by reference in the agreement or otherwise) the substance of each of the following provisions:

     

    

    (i)        

    Consideration.  A Restricted Stock Award may be awarded in consideration for (A) cash or cash equivalents, (B) past or future services
      actually or to be rendered to the Company or an Affiliate, or (C) any other form of legal consideration that may be acceptable to the Board in its sole discretion and permissible under applicable law.

     

    

    (ii)        

    Vesting.  Subject to the “Repurchase Limitation” in Section 8(1), shares of Common Stock awarded under the Restricted Stock Award
      Agreement may be subject to forfeiture to the Company in accordance with a vesting schedule to be determined by the Board.

     

    

    (iii)      

    Termination of Participant’s Continuous Service.  If a Participant’s Continuous Service terminates, the Company may receive through a
      forfeiture condition or a repurchase right, any or all of the shares of Common Stock held by the Participant that have not vested as of the date of termination of Continuous Service under the terms of the Restricted Stock Award Agreement.

     

    

    (iv)      

    Transferability.  Rights to acquire shares of Common Stock under the Restricted Stock Award Agreement shall be transferable by the
      Participant only upon such terms and conditions as are set forth in the Restricted Stock Award Agreement, as the Board shall determine in its sole discretion, so long as Common Stock awarded under the Restricted Stock Award Agreement remains subject
      to the terms of the Restricted Stock Award Agreement.

     

    

    (v)        

    Dividends.  A Restricted Stock Award Agreement may provide that any dividends paid on Restricted Stock will be subject to the same
      vesting and forfeiture restrictions as apply to the shares subject to the Restricted Stock Award to which they relate.

     

    

    (b)         

    Restricted Stock Unit Awards.  Each Restricted Stock Unit Award Agreement shall be in such form and shall contain such terms and
      conditions as the Board shall deem appropriate.  The terms and conditions of Restricted Stock Unit Award Agreements may change from time to time, and the terms and conditions of separate Restricted Stock Unit Award Agreements need not be identical, provided, however, that each Restricted Stock Unit Award Agreement shall conform to (through incorporation of the provisions hereof by reference in the Agreement or otherwise) the substance of each of the
      following provisions:

     

    

    
      9

      
        

    

    (i)         

    Consideration.  At the time of grant of a Restricted Stock Unit Award, the Board will determine the consideration, if any, to be paid
      by the Participant upon delivery of each share of Common Stock subject to the Restricted Stock Unit Award.  The consideration to be paid (if any) by the Participant for each share of Common Stock subject to a Restricted Stock Unit Award may be paid
      in any form of legal consideration that may be acceptable to the Board in its sole discretion and permissible under applicable law.

     

    

    (ii)        

    Vesting.  At the time of the grant of a Restricted Stock Unit Award, the Board may impose such restrictions or conditions to the
      vesting of the Restricted Stock Unit Award as it, in its sole discretion, deems appropriate.

     

    

    (iii)       

    Payment.  A Restricted Stock Unit Award may be settled by the delivery of shares of Common Stock, their cash equivalent, any
      combination thereof or in any other form of consideration, as determined by the Board and contained in the Restricted Stock Unit Award Agreement.

     

    

    (iv)       

    Additional Restrictions.  At the time of the grant of a Restricted Stock Unit Award, the Board, as it deems appropriate, may impose
      such restrictions or conditions that delay the delivery of the shares of Common Stock (or their cash equivalent) subject to a Restricted Stock Unit Award to a time after the vesting of such Restricted Stock Unit Award.

     

    

    (v)        

    Dividend Equivalents.  Dividend equivalents may be credited in respect of shares of Common Stock covered by a Restricted Stock Unit
      Award, as determined by the Board and contained in the Restricted Stock Unit Award Agreement.  At the sole discretion of the Board, such dividend equivalents may be converted into additional shares of Common Stock covered by the Restricted Stock Unit
      Award in such manner as determined by the Board.  Any additional shares covered by the Restricted Stock Unit Award credited by reason of such dividend equivalents will be subject to all the terms and conditions of the underlying Restricted Stock Unit
      Award Agreement to which they relate.

     

    

    (vi)       

    Termination of Participant’s Continuous Service.  Except as otherwise provided in the applicable Restricted Stock Unit Award Agreement,
      such portion of the Restricted Stock Unit Award that has not vested will be forfeited upon the Participant’s termination of Continuous Service.

     

    

    (vii)      

    Compliance with Section 409A of the Code.  Notwithstanding anything to the contrary set forth herein, any Restricted Stock Unit Award
      granted under the Plan that is not exempt from the requirements of Section 409A of the Code shall contain such provisions so that such Restricted Stock Unit Award will comply with the requirements of Section 409A of the Code.  Such restrictions, if
      any, shall be determined by the Board and contained in the Restricted Stock Unit Award Agreement evidencing such Restricted Stock Unit Award.  For example, such restrictions may include, without limitation, a requirement that any Common Stock that is
      to be issued in a year following the year in which the Restricted Stock Unit Award vests must be issued in accordance with a fixed pre-determined schedule.

     

    

    
      10

      
        

    

    7.           

    Covenants Of The Company.

     

    

    (a)          

    Availability of Shares.  During the terms of the Stock Awards, the Company shall keep available at all times the number of shares of
      Common Stock reasonably required to satisfy such Stock Awards.

     

    

    (b)         

    Securities Law Compliance.  The Company shall seek to obtain from each regulatory commission or agency having jurisdiction over the
      Plan such authority as may be required to grant Stock Awards and to issue and sell shares of Common Stock upon exercise of the Stock Awards; provided, however, that this undertaking shall not require the
      Company to register under the Securities Act the Plan, any Stock Award or any Common Stock issued or issuable pursuant to any such Stock Award.  If, after reasonable efforts, the Company is unable to obtain from any such regulatory commission or
      agency the authority that counsel for the Company deems necessary for the lawful issuance and sale of Common Stock under the Plan, the Company shall be relieved from any liability for failure to issue and sell Common Stock upon exercise of such Stock
      Awards unless and until such authority is obtained. A Participant shall not be eligible for the grant of a Stock Award or the subsequent issuance of Common Stock pursuant to the Stock Award if such grant or issuance would be in violation of any
      applicable securities law.

     

    

    (c)         

    No Obligation to Notify.  The Company shall have no duty or obligation to any Participant to advise such holder as to the time or
      manner of exercising such Stock Award.  Furthermore, the Company shall have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of a Stock Award or a possible period in which the Stock Award may not be
      exercised.  The Company has no duty or obligation to minimize the tax consequences of a Stock Award to the holder of such Stock Award.

     

    

    8.           

    Miscellaneous.

     

    

    (a)         

    Use of Proceeds from Sales of Common Stock.  Proceeds from the sale of shares of Common Stock pursuant to Stock Awards shall constitute
      general funds of the Company.

      

    

    (b)         

    Corporate Action Constituting Grant of Stock Awards.  Corporate action constituting a grant by the Company of a Stock Award to any
      Participant shall be deemed completed as of the date of such corporate action, unless otherwise determined by the Board, regardless of when the instrument, certificate, or letter evidencing the Stock Award is communicated to, or actually received or
      accepted by, the Participant.

     

    

    (c)         

    Stockholder Rights.  No Participant shall be deemed to be the holder of, or to have any of the rights of a holder with respect to, any
      shares of Common Stock subject to such Stock Award unless and until (i) such Participant has satisfied all requirements for exercise of the Stock Award pursuant to its terms, if applicable, and (ii) the issuance of the Common Stock subject to such
      Stock Award has been entered into the books and records of the Company.

     

    

    
      11

      
        

    

    (d)         

    No Employment or Other Service Rights.  Nothing in the Plan, any Stock Award Agreement or any other instrument executed thereunder or
      in connection with any Stock Award granted pursuant thereto shall confer upon any Participant any right to continue to serve the Company or an Affiliate in the capacity in effect at the time the Stock Award was granted or shall affect the right of
      the Company or an Affiliate to terminate (i) the employment of an Employee with or without notice and with or without cause, (ii) the service of a Consultant pursuant to the terms of such Consultant’s agreement with the Company or an Affiliate, or
      (iii) the service of a Director pursuant to the Bylaws of the Company or an Affiliate, and any applicable provisions of the corporate law of the state in which the Company or the Affiliate is incorporated, as the case may be.

     

    

    (e)          

    Incentive Stock Option $100,000 Limitation.  To the extent that the aggregate Fair Market Value (determined at the time of grant) of
      Common Stock with respect to which Incentive Stock Options are exercisable for the first time by any Optionholder during any calendar year (under all plans of the Company and any Affiliates) exceeds one hundred thousand dollars ($100,000), the
      Options or portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options, notwithstanding any contrary provision of the applicable Option Agreement(s).

     

    

    (f)         

    Investment Assurances.  The Company may require a Participant, as a condition of exercising or acquiring Common Stock under any Stock
      Award, (i) to give written assurances satisfactory to the Company as to the Participant’s knowledge and experience in financial and business matters and/or to employ a purchaser representative reasonably satisfactory to the Company who is
      knowledgeable and experienced in financial and business matters and that he or she is capable of evaluating, alone or together with the purchaser representative, the merits and risks of exercising the Stock Award; and (ii) to give written assurances
      satisfactory to the Company stating that the Participant is acquiring Common Stock subject to the Stock Award for the Participant’s own account and not with any present intention of selling or otherwise distributing the Common Stock.  The foregoing
      requirements, and any assurances given pursuant to such requirements, shall be inoperative if (x) the issuance of the shares upon the exercise or acquisition of Common Stock under the Stock Award has been registered under a then currently effective
      registration statement under the Securities Act, or (y) as to any particular requirement, a determination is made by counsel for the Company that such requirement need not be met in the circumstances under the then applicable securities laws.  The
      Company may, upon advice of counsel to the Company, place legends on stock certificates issued under the Plan as such counsel deems necessary or appropriate in order to comply with applicable securities laws, including, but not limited to, legends
      restricting the transfer of the Common Stock.

     

    

    (g)        

    Withholding Obligations.  Unless prohibited by the terms of a Stock Award Agreement, the Company may, in its sole discretion, satisfy
      any federal, state or local tax withholding obligation relating to a Stock Award by any of the following means or by a combination of such means: (i) causing the Participant to tender a cash payment; (ii) withholding shares of Common Stock from the
      shares of Common Stock issued or otherwise issuable to the Participant in connection with the Stock Award; provided, however, that no shares of Common Stock are withheld with a value exceeding the minimum
      amount of tax required to be withheld by law (or such lesser amount as may be necessary to avoid classification of the Stock Award as a liability for financial accounting purposes); (iii) withholding payment from any amounts otherwise payable to the
      Participant; (iv) withholding cash from a Stock Award settled in cash; or (v) by such other method as may be set forth in the Stock Award Agreement.

     

    

    
      12

      
        

    

    (h)         

    Electronic Delivery.  Any reference herein to a “written” agreement or document shall include any agreement or document delivered
      electronically or posted on the Company’s intranet.

     

    

    (i)          

    Deferrals.  To the extent permitted by applicable law, the Board, in its sole discretion, may determine that the delivery of Common
      Stock or the payment of cash, upon the exercise, vesting or settlement of all or a portion of any Stock Award may be deferred and may establish programs and procedures for deferral elections to be made by Participants.  Deferrals by Participants will
      be made in accordance with Section 409A of the Code.  Consistent with Section 409A of the Code, the Board may provide for distributions while a Participant is still an employee or otherwise providing services to the Company.  The Board is authorized
      to make deferrals of Stock Awards and determine when, and in what annual ‘percentages, Participants may receive payments, including lump sum payments, following the Participant’s termination of Continuous Service, and implement such other terms and
      conditions consistent with the provisions of the Plan and in accordance with applicable law.

     

    

    (j)          

    Compliance with Section 409A.  To the extent that the Board determines that any Stock Award granted hereunder is subject to Section
      409A of the Code, the Stock Award Agreement evidencing such Stock Award shall incorporate the terms and conditions necessary to avoid the consequences specified in Section 409A(a)(1) of the Code.  To the extent applicable, the Plan and Stock Award
      Agreements shall be interpreted in accordance with Section 409A of the Code.

     

    

    (k)         

    Compliance with Exemption Provided by Rule 12h-1(f).  If: (i) the aggregate of the number of Optionholders and the number of holders of
      all other outstanding compensatory employee stock options to purchase shares of Common Stock equals or exceeds five hundred (500), and (ii) the assets of the Company at the end of the Company’s most recently completed fiscal year exceed $10 million,
      then the following restrictions shall apply during any period during which the Company does not have a class of its securities registered under Section 12 of the Exchange Act and is not required to file reports under Section 15(d) of the Exchange
      Act: (A) the Options and, prior to exercise, the shares of Common Stock acquired upon exercise of the Options may not be transferred until the Company is no longer relying on the exemption provided by Rule 12h-1(f) promulgated under the Exchange Act
      (“Rule 12h-10”), except: (1) as permitted by Rule 701(c) promulgated under the Securities Act, (2) to a guardian upon the disability of the Optionholder, or (3) to an executor upon the death of the
      Optionholder (collectively, the “Permitted Transferees”); provided, however, the following transfers are permitted: (i) transfers by the Optionholder to the Company,
      and (ii) transfers in connection with a change of control or other acquisition involving the Company, if following such transaction, the Options no longer remain outstanding and the Company is no longer relying on the exemption provided by Rule
      12h-1(f); provided further, that any Permitted Transferees may not further transfer the Options; (B) except as otherwise provided in (A) above, the Options and shares of Common Stock acquired upon exercise
      of the Options are restricted as to any pledge, hypothecation, or other transfer, including any short position, any “put equivalent position” as defined by Rule 16a-1(h) promulgated under the Exchange Act, or any “call equivalent position” as defined
      by Rule 16a-1(b) promulgated under the Exchange Act by the Optionholder prior to exercise of an Option until the Company is no longer relying on the exemption provided by Rule 12h-1(f); and (C) at any time that the Company is relying on the exemption
      provided by Rule 12h-1(f), the Company shall deliver to Optionholders (whether by physical or electronic delivery or written notice of the availability of the information on an internet site) the information required by Rule 701(e)(3), (4), and (5)
      promulgated under the Securities Act every six (6) months, including financial statements that are not more than one hundred eighty (180) days old; provided, however, that the Company may condition the
      delivery of such information upon the Optionholder’s agreement to maintain its confidentiality.

     

    

    
      13

      
        

    

    (l)          

    Repurchase Limitation.  The terms of any repurchase right shall be specified in the Stock Award Agreement.  The repurchase price for
      vested shares of Common Stock shall be the Fair Market Value of the shares of Common Stock on the date of repurchase.  The repurchase price for unvested shares of Common Stock shall be the lower of (i) the Fair Market Value of the shares of Common
      Stock on the date of repurchase or (ii) their original purchase price.  However, the Company shall not exercise its repurchase right until at least six (6) months (or such longer or shorter period of time necessary to avoid classification of the
      Stock Award as a liability for financial accounting purposes) have elapsed following delivery of shares of Common Stock subject to the Stock Award, unless otherwise specifically provided by the Board.

      

    

    9.           

    Adjustments Upon Changes In Common Stock; Other Corporate Events.

     

    

    (a)         

    Capitalization Adjustments.  In the event of a Capitalization Adjustment, the Board shall appropriately and proportionately adjust: (i)
      the class(es) and maximum number of securities subject to the Plan pursuant to Section 3(a), (ii) the class(es) and maximum number of securities that may be issued pursuant to the exercise of Incentive Stock Options pursuant to Section 3(c), and
      (iii) the class(es) and number of securities and price per share of stock subject to outstanding Stock Awards.  The Board shall make such adjustments, and its determination shall be final, binding and conclusive.

     

    

    (b)         

    Dissolution or Liquidation.  Except as otherwise provided in the Stock Award Agreement, in the event of a dissolution or liquidation of
      the Company, all outstanding Stock Awards (other than Stock Awards consisting of vested and outstanding shares of Common Stock not subject to a forfeiture condition or the Company’s right of repurchase) shall terminate immediately prior to the
      completion of such dissolution or liquidation, and the shares of Common Stock subject to the Company’s repurchase rights or subject to a forfeiture condition may be repurchased or reacquired by the Company notwithstanding the fact that the holder of
      such Stock Award is providing Continuous Service, provided, however, that the Board may, in its sole discretion, cause some or all Stock Awards to become fully vested, exercisable and/or no longer subject to
      repurchase or forfeiture (to the extent such Stock Awards have not previously expired or terminated) before the dissolution or liquidation is completed but contingent on its completion.

     

    

    (c)        

    Corporate Transaction.  The following provisions shall apply to Stock Awards in the event of a Corporate Transaction unless otherwise
      provided in the instrument evidencing the Stock Award or any other written agreement between the Company or any Affiliate and the holder of the Stock Award or unless otherwise expressly provided by the Board at the time of grant of a Stock Award. 
      Except as otherwise stated in the Stock Award Agreement, in the event of a Corporate Transaction, then, notwithstanding any other provision of the Plan, the Board shall take one or more of the following actions with respect to Stock Awards,
      contingent upon the closing or completion of the Corporate Transaction:

     

    

    (i)         

    arrange for the surviving corporation or acquiring corporation (or the surviving or acquiring corporation’s parent company) to assume or continue the Stock Award or to
      substitute a similar stock award for the Stock Award (including, but not limited to, an award to acquire the same consideration paid to the stockholders of the Company pursuant to the Corporate Transaction); 

    

    

    
      14

      
        

    

    (ii)        

    arrange for the assignment of any reacquisition or repurchase rights held by the Company in respect of Common Stock issued pursuant to the Stock Award to the surviving
      corporation or acquiring corporation (or the surviving or acquiring corporation’s parent company);

    

    

    (iii)       

    accelerate the vesting, in whole or in part, of the Stock Award (and, if applicable, the time at which the Stock Award may be exercised) to a date prior to the effective time
      of such Corporate Transaction as the Board shall determine (or, if the Board shall not determine such a date, to the date that is five (5) days prior to the effective date of the Corporate Transaction), with such Stock Award terminating if not
      exercised (if applicable) at or prior to the effective time of the Corporate Transaction;

    

    

    (iv)      

    arrange for the lapse of any reacquisition or repurchase rights held by the Company with respect to the Stock Award;

    

    

    (v)        

    cancel or arrange for the cancellation of the Stock Award, to the extent not vested or not exercised prior to the effective time of the Corporate Transaction, in exchange for
      such cash consideration, if any, as the Board, in its sole discretion, may consider appropriate; and

    

    

    (vi)       

    make a payment, in such form as may be determined by the Board equal to the excess, if any, of (A) the value of the property the holder of the Stock Award would have received
      upon the exercise of the Stock Award, over (B) any exercise price payable by such holder in connection with such exercise.

    

    

    The Board need not take the same action with respect to all Stock Awards or with respect to all Participants.

     

    

    (d)         

    Change in Control.  A Stock Award may be subject to additional acceleration of vesting and exercisability upon or after a Change in
      Control as may be provided in the Stock Award Agreement for such Stock Award or as may be provided in any other written agreement between the Company or any Affiliate and the Participant, but in the absence of such provision, no such acceleration
      shall occur.

    

    

    10.         

    Termination or Suspension of the Plan.

        

      

    (a)         

    Plan Term.  The Board may suspend or terminate the Plan at any time.  Unless sooner terminated by the Board pursuant to Section 2, the
      Plan shall automatically terminate on the day before the tenth (10th) anniversary of the earlier of (i) the date the Plan is adopted by the Board, or (ii) the date the Plan is approved by the stockholders of the Company.  No Stock Awards may be
      granted under the Plan while the Plan is suspended or after it is terminated.

     

    

    (b)         

    No Impairment of Rights.  Suspension or termination of the Plan shall not impair rights and obligations under any Stock Award granted
      while the Plan is in effect except with the written consent of the affected Participant. 

     

    

    
      15

      
        

    

    11.         

    Effective Date Of Plan.

     

    

    This Plan shall become effective on the Effective Date.

    

    

    12.         

    Choice Of Law.

     

    

    The law of the State of New York shall govern all questions concerning the construction, validity and interpretation of this Plan, without regard to that state’s conflict of laws rules.

    

       

     
    13.         

    Definitions.  As used in the Plan, the following definitions shall apply to the capitalized terms indicated
        below:

    

    

    (a)          

    “Affiliate” means, at the time of determination, any “parent” or “majority-owned subsidiary” of the Company, as such
      terms are defined in Rule 405 of the Securities Act.  The Board shall have the authority to determine the time or times at which “parent” or “majority-owned subsidiary” status is determined within the foregoing definition.

    

    

    (b)          

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

    

    

    (c)           

    “Capitalization Adjustment” means any change that is
      made in, or other events that occur with respect to, the Common Stock subject to the Plan or subject to any Stock Award after the Effective Date without the receipt of consideration by the Company (through merger, consolidation, reorganization,
      recapitalization, reincorporation, stock dividend, dividend in property other than cash, large nonrecurring cash dividend, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure, or any similar
      equity restructuring transaction, as that term is used in Statement of Financial Accounting Standards No. 123 (revised).  Notwithstanding the foregoing, the conversion of any convertible securities of the Company shall not be treated as a
      Capitalization Adjustment.

    

    

    (d)         

    “Cause” shall have the meaning ascribed to such term in
      any written agreement between the Participant and the Company defining such term and, in the absence of such agreement, such term means with respect to a Participant, the occurrence of any of the following events: (i) such Participant’s commission of
      any felony or any crime involving fraud, dishonesty or moral turpitude under the laws of the United States or any state thereof; (ii) such Participant’s attempted commission of, or participation in, a fraud or act of dishonesty against the Company;
      (iii) such Participant’s intentional, material violation of any contract or agreement between the Participant and the Company or of any statutory duty owed to the Company; (iv) such Participant’s unauthorized use or disclosure of the Company’s
      confidential information or trade secrets; or (v) such Participant’s gross misconduct.  The determination that a termination of the Participant’s Continuous Service is either for Cause or without Cause shall be made by the Company in its sole
      discretion.  Any determination by the Company that the Continuous Service of a Participant was terminated with or without Cause for the purposes of outstanding Stock Awards held by such Participant shall have no effect upon any determination of the
      rights or obligations of the Company or such Participant for any other purpose.

     

    

    
      16

      
        

    

    (e)         

    “Change in Control” means the occurrence, in a single
      transaction or in a series of related transactions, of any one or more of the following events:

    

    

    (i)         

    any Exchange Act Person becomes the Owner, directly or indirectly, of securities of the Company representing more than fifty percent (50%) of the combined voting power of the
      Company’s then outstanding securities other than by virtue of a merger, consolidation or similar transaction.  Notwithstanding the foregoing, a Change in Control shall not be deemed to occur (A) on account of the acquisition of securities of the
      Company directly from the Company, (B) on account of the acquisition of securities of the Company by an investor, any affiliate thereof or any other Exchange Act Person that acquires the Company’s securities in a transaction or series of related
      transactions the primary purpose of which is to obtain financing for the Company through the issuance of equity securities or (C) solely because the level of Ownership held by any Exchange Act Person (the “Subject
        Person”) exceeds the designated percentage threshold of the outstanding voting securities as a result of a repurchase or other acquisition
      of voting securities by the Company reducing the number of shares outstanding, provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition of voting securities by the Company, and after
      such share acquisition, the Subject Person becomes the Owner of any additional voting securities that, assuming the repurchase or other acquisition had not occurred, increases the percentage of the then outstanding voting securities Owned by the
      Subject Person over the designated percentage threshold, then a Change in Control shall be deemed to occur;

    

    

    (ii)       

    there is consummated a merger, consolidation or similar transaction involving (directly or indirectly) the Company and, immediately after the consummation of such merger,
      consolidation or similar transaction, the stockholders of the Company immediately prior thereto do not Own, directly or indirectly, either (A) outstanding voting securities representing more than fifty percent (50%) of the combined outstanding voting
      power of the surviving Entity in such merger, consolidation or similar transaction or (B) more than fifty percent (50%) of the combined outstanding voting power of the parent of the surviving Entity in such merger, consolidation or similar
      transaction, in each case in substantially the same proportions as their Ownership of the outstanding voting securities of the Company immediately prior to such transaction;

    

    

    (iii)       

    the stockholders of the Company approve or the Board approves a plan of complete dissolution or liquidation of the Company, or a complete dissolution or liquidation of the
      Company shall otherwise occur, except for a liquidation into a parent corporation;

    

    

    (iv)       

    there is consummated a sale, lease, exclusive license or other disposition of all or substantially all of the consolidated assets of the Company and its Subsidiaries, other
      than a sale, lease, license or other disposition of all or substantially all of the consolidated assets of the Company and its Subsidiaries to an Entity, more than fifty percent (50%) of the combined voting power of the voting securities of which are
      Owned by stockholders of the Company in substantially the same proportions as their Ownership of the outstanding voting securities of the Company immediately prior to such sale, lease, license or other disposition; or

     

    

    (v)        

    individuals who, on the date this Plan is adopted by the Board, are members of the Board (the “Incumbent Board”)
      cease for any reason to constitute at least a majority of the members of the Board; provided however, that if the appointment or election (or nomination for election) of any new Board member was approved or
      recommended by a majority vote of the members of the Incumbent Board then still in office, such new member shall, for purposes of this Plan, be considered as a member of the Incumbent Board. 

     

      

    
      17

      
        

    

    Notwithstanding the foregoing definition or any other provision of this Plan, (A) the term Change in Control shall not include a sale of assets, merger or other transaction effected exclusively for the purpose of
      changing the domicile of the Company, and (B) the definition of Change in Control (or any analogous term) in an individual written agreement between the Company or any Affiliate and the Participant shall supersede the foregoing definition with
      respect to Stock Awards subject to such agreement; provided, however, that if no definition of Change in Control or any analogous term is set forth in such an individual written agreement, the foregoing
      definition shall apply.

    

    

    (f)          

    “Code” means the Internal Revenue Code of 1986, as
      amended, as well as any applicable regulations and guidance thereunder.

    

    

    (g)         

    “Committee” means a committee of
      one (1) or more Directors to whom authority has been delegated by the Board in accordance with Section 2(c).

    

    

    (h)          

    “Common Stock” means the common stock of the Company.

    

    

    (i)          

    “Company” means Owlet Baby Care
      Inc., a Delaware corporation.

    

    

    (j)          

    “Consultant” means any person, including an advisor, who
      is (i) engaged by the Company or an Affiliate to render consulting or advisory services and is compensated for such services, or (ii) serving as a member of the board of directors of an Affiliate and is compensated for such services.  However,
      service solely as a Director, or payment of a fee for such service, shall not cause a Director to be considered a “Consultant” for purposes of the Plan.

    

    

    (k)         

    “Continuous Service” means that the Participant’s
      service with the Company or an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated.  A change in the capacity in which the Participant renders service to the Company or an Affiliate as an Employee, Director, or
      Consultant or a change in the Entity for which the Participant renders such service, provided that there is no interruption or termination of the Participant’s service with the Company or an Affiliate, shall not terminate a Participant’s Continuous
      Service; provided, however, if the Entity for which a Participant is rendering service ceases to qualify as an Affiliate, as determined by the Board in its sole discretion, such Participant’s Continuous
      Service shall be considered to have terminated on the date such Entity ceases to qualify as an Affiliate.  For example, a change in status from an employee of the Company to a consultant of an Affiliate or to a Director shall not constitute an
      interruption of Continuous Service.  To the extent permitted by law, the Board or the chief executive officer of the Company, in that party’s sole discretion, may determine whether Continuous Service shall be considered interrupted in the case of (i)
      any leave of absence approved by the Board or chief executive officer, including sick leave, military leave or any other personal leave, or (ii) transfers between the Company, an Affiliate, or their successors. Notwithstanding the foregoing, a leave
      of absence shall be treated as Continuous Service for purposes of vesting in a Stock Award only to such extent as may be provided in the Company’s leave of absence policy, in the written terms of any leave of absence agreement or policy applicable to
      the Participant, or as otherwise required by law.

     

    

    
      18

      
        

    

    (l)          

    “Corporate Transaction” means the occurrence, in a
      single transaction or in a series of related transactions, of any one or more of the following events:

    

    

    (i)         

    the consummation of a sale or other disposition of all or substantially all, as determined by the Board in its sole discretion, of the consolidated assets of the Company and
      its Subsidiaries;

    

    

    (ii)        

    the consummation of a sale or other disposition of at least ninety percent (90%) of the outstanding securities of the Company;

    

    

    (iii)       

    the consummation of a merger, consolidation or similar transaction following which the Company is not the surviving corporation; or

    

    

    (iv)      

    the consummation of a merger, consolidation or similar transaction following which the Company is the surviving corporation but the shares of Common Stock outstanding
      immediately preceding the merger, consolidation or similar transaction are converted or exchanged by virtue of the merger, consolidation or similar transaction into other property, whether in the form of securities, cash or otherwise.

    

    

    (m)        

    “Director” means a member of the Board.

    

    

    (n)         

    “Disability” means the inability of a Participant to
      engage in any substantially gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than twelve
      (12) months as provided in Sections 22(e)(3) and 409A(a)(2)(c)(i) of the Code and shall be determined by the Board on the basis of such medical evidence as the Board deems warranted under the circumstances.

    

    

    (o)          

    “Effective Date” means the effective date of this Plan,
      which is the earlier of (i) the date that this Plan is first approved by the Company’s stockholders, or (ii) the date this Plan is adopted by the Board.

    

    

    (p)          

    “Employee” means any person employed by the Company or
      an Affiliate.  However, service solely as a Director, or payment of a fee for such services, shall not cause a Director to be considered an “Employee” for purposes of the Plan.

    

    

    (q)         

    “Entity” means a corporation, partnership, limited
      liability company or other entity.

    

    

    (r)          

    “Exchange Act” means the Securities Exchange Act of
      1934, as amended, and the rules and regulations promulgated thereunder.

     

      

    
      19

      
        

    

    (s)          

    “Exchange Act Person” means any natural person, Entity
      or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act), except that “Exchange Act Person” shall not include (i) the Company or any Subsidiary of the Company, (ii) any employee benefit plan of the Company or any Subsidiary of
      the Company or any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary of the Company, (iii) an underwriter temporarily holding securities pursuant to a registered public offering of such
      securities, (iv) an Entity Owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their Ownership of stock of the Company; or (v) any natural person, Entity or “group” (within the meaning of Section
      13(d) or 14(d) of the Exchange Act) that, as of the Effective Date, is the Owner, directly or indirectly, of securities of the Company representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding
      securities.

    

    

    (t)          

    “Fair Market Value” means, as of any date, the value of
      the Common Stock determined by the Board in compliance with Section 409A of the Code or, in the case of an Incentive Stock Option, in compliance with Section 422 of the Code.

    

    

    (u)         

    “Incentive Stock Option” means an option that qualifies
      as an “incentive stock option” within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

    

    

    (v)         

     “Nonstatutory Stock Option” means an Option that does
      not qualify as an Incentive Stock Option.

     

    

    (w)         

    “Officer” means any person designated by the Company as
      an officer.

    

    

    (x)         

     “Option” means
      an Incentive Stock Option or a Nonstatutory Stock Option to purchase shares of Common Stock granted pursuant to the Plan.

    

    

    (y)        

     “Option Agreement” means

      a written agreement between the Company and an Optionholder evidencing the terms and conditions of an Option grant.  Each Option Agreement shall be subject to the terms and conditions of the Plan.

    

    

    (z)          

    “Optionholder” means a person to whom an Option is
      granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Option.

     

      

    (aa)       

    “Own,” “Owned,” “Owner,” “Ownership” A person or Entity shall be deemed to “Own,” to have “Owned,” to be the “Owner” of, or to have acquired “Ownership” of securities if such person or
      Entity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares voting power, which includes the power to vote or to direct the voting, with respect to such securities.

    

    

    (bb)       

    “Participant” means a person to whom a Stock Award is
      granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Stock Award.

    

    

    (cc)        

    “Plan” means this Owlet Baby Care Inc. 2014 Equity
      Incentive Plan.

    

    

    (dd)       

    “Restricted Stock Award” means an award of shares of
      Common Stock which is granted pursuant to the terms and conditions of Section 6(a).

    

    

    (ee)        

    “Restricted Stock Award Agreement” means a written
      agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award.  Each Restricted Stock Award Agreement shall be subject to the terms and conditions of the Plan.

     

    

    
      20

      
        

    

    (ff)         

    “Restricted Stock Unit Award” means a right to receive
      shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

    

    

    (gg)       

    “Restricted Stock Unit Award Agreement” means a written
      agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant.  Each Restricted Stock Unit Award Agreement shall be subject to the terms and conditions of the
      Plan.

    

    

    (hh)       

    “Rule 405” means Rule 405 promulgated under the
      Securities Act.

    

    

    (ii)         

    “Rule 701” means Rule 701 promulgated under the
      Securities Act.

    

    

    (jj)         

    “Securities Act” means the Securities Act of 1933, as
      amended.

    

    

    (kk)       

    “Stock Appreciation Right” or “SAR” means a right to receive the appreciation on Common Stock that is granted pursuant to the terms and conditions of Section 5.

    

    

    (ll)        

    “Stock Appreciation Right Agreement” means a written agreement between the
      Company and a holder of a Stock Appreciation Right evidencing the terms and conditions of a Stock Appreciation Right grant.  Each Stock Appreciation Right Agreement shall be subject to the terms and conditions of the Plan.

     

    

    (mm)     

    “Stock Award” means any right to receive Common Stock
      granted under the Plan, including an Incentive Stock Option, a Nonstatutory Stock Option, a Restricted Stock Award, a Restricted Stock Unit Award, or a Stock Appreciation Right.

    

    

    (nn)       

    “Stock Award Agreement” means a written agreement
      between the Company and a Participant evidencing the terms and conditions of a Stock Award grant.  Each Stock Award Agreement shall be subject to the terms and conditions of the Plan.

    

    

    (oo)      

     “Subsidiary” means, with respect to the Company, (i)
      any corporation of which more than fifty percent (50%) of the outstanding capital stock having ordinary voting power to elect a majority of the board of directors of such corporation (irrespective of whether, at the time, stock of any other class or
      classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time, directly or indirectly, Owned by the Company, and (ii) any partnership, limited liability company or other entity in
      which the Company has a direct or indirect interest (whether in the form of voting or participation in profits or capital contribution) of more than fifty percent (50%) .

    

    

    (pp)       

    “Ten Percent Stockholder” means a person who Owns (or is
      deemed to Own pursuant to Section 424(d) of the Code) stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Affiliate.

     

    

    

      21

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