Document:

Exhibit 4.11

 

ADS-TEC ENERGY PUBLIC LIMITED COMPANY

(the “Company”)

 

2021 OMNIBUS INCENTIVE PLAN

 

Article
I

PURPOSE

 

The purpose of this Ads-Tec
Energy Public Limited Company 2021 Omnibus Incentive Plan is to enhance the profitability and value of the Company for the benefit of
its stockholders by enabling the Company to offer Eligible Individuals cash and stock-based incentives in order to attract, retain and
reward such individuals and strengthen the mutuality of interests between such individuals and the Company’s stockholders. The Plan
is effective as of the date set forth in Article XV.

 

Article
II

DEFINITIONS

 

For purposes of the Plan,
the following terms shall have the following meanings:

 

2.1 “Affiliate”
means each of the following: (a) any Subsidiary; (b) any Parent; (c) any corporation, trade or business (including, without limitation,
a partnership or limited liability company) which is directly or indirectly controlled 50% or more (whether by ownership of stock, assets
or an equivalent ownership interest or voting interest) by the Company or one of its Affiliates; or (d) any trade or business (including,
without limitation, a partnership or limited liability company) which directly or indirectly controls 50% or more (whether by ownership
of stock, assets or an equivalent ownership interest or voting interest) of the Company; provided that, unless otherwise determined by
the Committee, the Common Stock subject to any Award constitutes “service recipient stock” for purposes of Section 409A of
the Code or otherwise does not subject the Award to Section 409A of the Code.

 

2.2 “Award”
means any award under the Plan of any Stock Option, Stock Appreciation Right, Restricted Stock Award, Performance Award, Other Stock-Based
Award or Other Cash-Based Award. All Awards shall be confirmed by, and subject to the terms of, an Award Agreement executed by the Company
and the Participant.

 

2.3 “Award Agreement”
means the written or electronic agreement setting forth the terms and conditions applicable to an Award.

 

2.4 “Business
Combination” means the transactions contemplated by that certain Business Combination Agreement, dated August 10, 2021,
by and among European Sustainable Growth Acquisition Corp. (“EUSG”), the Company, EUSG II Corporation, Bosch
Thermotechnik GmbH, ads-tec Holding GmbH and ads-tec Energy GmbH.

 

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

 

     

     

    

 

2.6 “Cause”
means, unless otherwise determined by the Committee in the applicable Award Agreement, with respect to a Participant’s Termination
of Employment or Termination of Consultancy, the following: (a) in the case where there is no employment agreement, consulting agreement,
change in control agreement or similar agreement in effect between the Company or an Affiliate and the Participant at the time of the
grant of the Award (or where there is such an agreement but it does not define “cause” (or words of like import)), termination
due to a Participant’s insubordination, dishonesty, fraud, incompetence, moral turpitude, willful misconduct, refusal to perform
the Participant’s duties or responsibilities for any reason other than illness or incapacity or materially unsatisfactory performance
of the Participant’s duties for the Company or an Affiliate, as determined by the Committee in its good faith discretion, or material
breach of any employment or other material written agreement between the Participant and the Company or its Affiliates; or (b) in the
case where there is an employment agreement, consulting agreement, change in control agreement or similar agreement in effect between
the Company or an Affiliate and the Participant at the time of the grant of the Award that defines “cause” (or words of like
import), “cause” as defined under such agreement; provided, however, that with regard to any agreement under which the definition
of “cause” only applies on occurrence of a change in control, such definition of “cause” shall not apply until
a change in control actually takes place and then only with regard to a termination thereafter. With respect to a Participant’s
Termination of Directorship, “cause” means an act or failure to act that constitutes cause for removal of a director under
applicable Delaware law.

 

2.7 “Change in
Control” has the meaning set forth in 11.2.

 

2.8 “Change in
Control Price” has the meaning set forth in Section 11.1.

 

2.9 “Code”
means the Internal Revenue Code of 1986, as amended. Any reference to any section of the Code shall also be a reference to any successor
provision and any treasury regulation promulgated thereunder.

 

2.10 “Committee”
means any committee of the Board duly authorized by the Board to administer the Plan. If no committee is duly authorized by the Board
to administer the Plan, the term “Committee” shall be deemed to refer to the Board for all purposes under the Plan.

 

2.11 “Common Stock”
means the ordinary shares, $0.0001 par value per share, of the Company.

 

2.12 “Company”
means Ads-Tec Energy Public Limited Company, an Irish public limited company duly incorporated under the laws of Ireland.

 

2.13 “Consultant”
means any Person who is an advisor or consultant to the Company or its Affiliates (provided that any such consultant also meets the
eligibility requirements for employees specified in the instructions to Form S-8 under the Securities Act).

 

2.14 “Disability”
means, unless otherwise determined by the Committee in the applicable Award Agreement, with respect to a Participant’s Termination,
a permanent and total disability as defined in Section 22(e)(3) of the Code. A Disability shall only be deemed to occur at the time of
the determination by the Committee of the Disability. Notwithstanding the foregoing, for Awards that are subject to Section 409A of the
Code, Disability shall mean that a Participant is disabled under Section 409A(a)(2)(C)(i) or (ii) of the Code.

 

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2.15 “Effective
Date” means the effective date of the Plan as defined in Article XV.

 

2.16 “Eligible
Employees” means each employee of the Company or an Affiliate (provided that any such employee also meets the eligibility
requirements for employees specified in the instructions to Form S-8 under the Securities Act).

 

2.17 “Eligible
Individual” means an Eligible Employee, Non-Employee Director or Consultant who is designated by the Committee in its discretion
as eligible to receive Awards subject to the conditions set forth herein.

 

2.18 “Exchange
Act” means the Securities Exchange Act of 1934, as amended. Reference to a specific section of the Exchange Act or regulation
thereunder shall include such section or regulation, any valid regulation or interpretation promulgated under such section, and any comparable
provision of any future legislation or regulation amending, supplementing or superseding such section or regulation.

 

2.19 “Fair Market
Value” means, for purposes of the Plan, unless otherwise required by any applicable provision of the Code or any regulations
issued thereunder or any other applicable tax law, as of any date and except as provided below, the closing price reported for the Common
Stock on the applicable date as reported on the principal national securities exchange in the United States on which it is then traded.
If the Common Stock is not traded, listed or otherwise reported or quoted, the Committee shall determine in good faith the Fair Market
Value in whatever manner it considers appropriate taking into account the requirements of Section 409A of the Code or any other applicable
tax law. If the Common Stock is publicly traded, listed or otherwise reported or quoted, and there are no sales on such date, the Fair
Market Value shall be the closing price reported for the Common Stock on the next preceding trading day during which a sale occurred.

 

2.20 “Family Member”
means “family member” as defined in Section A.1.(a)(5) of the general instructions of Form S-8.

 

2.21 “Incentive
Stock Option” means any Stock Option awarded to an Eligible Employee of the Company, its Subsidiaries and its Parents (if
any) under the Plan intended to be and designated as an “Incentive Stock Option” within the meaning of Section 422 of the
Code.

 

2.22 “Non-Employee
Director” means a director or a member of the Board of the Company or any Affiliate who is not an active employee of the
Company or any Affiliate.

 

2.23 “Non-Qualified
Stock Option” means any Stock Option awarded under the Plan that is not an Incentive Stock Option.

 

2.24 “Non-Tandem
Stock Appreciation Right” shall mean the right to receive an amount in cash and/or stock equal to the difference between
(x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such
right, otherwise than on surrender of a Stock Option.

 

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2.25 “Other Cash-Based
Award” means an Award granted pursuant to Section 10.3 of the Plan and payable in cash at such time or times and subject
to such terms and conditions as determined by the Committee in its sole discretion.

 

2.26 “Other Stock-Based
Award” means an Award under Article X of the Plan that is valued in whole or in part by reference to, or is payable in or
otherwise based on, Common Stock, including, without limitation, an Award valued by reference to an Affiliate.

 

2.27 “Parent”
means any parent corporation of the Company within the meaning of Section 424(e) of the Code.

 

2.28 “Participant”
means an Eligible Individual to whom an Award has been granted pursuant to the Plan.

 

2.29 “Performance
Award” means an Award granted to a Participant pursuant to Article IX hereof contingent upon achieving certain Performance
Goals.

 

2.30 “Performance
Goals” means goals established by the Committee, in its sole discretion, as contingencies for Awards to vest and/or become
exercisable or distributable.

 

2.31 “Performance
Period” means the designated period during which the Performance Goals must be satisfied with respect to the Award to which
the Performance Goals relate.

 

2.32 “Person”
means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a
joint venture, an unincorporated organization and a government or any branch, department, agency, political subdivision or official thereof.

 

2.33 “Plan”
means this Ads-Tec Energy Public Limited Company 2021 Omnibus Incentive Plan, as amended from time to time.

 

2.34 “Proceeding”
has the meaning set forth in Section 14.8.

 

2.35 “Reference
Stock Option” has the meaning set forth in Section 7.1.

 

2.36 “Reorganization”
has the meaning set forth in Section 4.2(b)(ii).

 

2.37 “Restricted
Stock” means an Award of shares of Common Stock under the Plan that is subject to restrictions under Article VIII.

 

2.38 “Restriction
Period” has the meaning set forth in Section 8.3(a) with respect to Restricted Stock.

 

2.39 “Rule 16b-3”
means Rule 16b-3 under Section 16(b) of the Exchange Act as then in effect or any successor provision.

 

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2.40 “Section
409A of the Code” means the nonqualified deferred compensation rules under Section 409A of the Code and any applicable treasury
regulations and other official guidance thereunder.

 

2.41 “Securities
Act” means the Securities Act of 1933, as amended and all rules and regulations promulgated thereunder. Reference to a specific
section of the Securities Act or regulation thereunder shall include such section or regulation, any valid regulation or interpretation
promulgated under such section, and any comparable provision of any future legislation or regulation amending, supplementing or superseding
such section or regulation.

 

2.42 “Stock Appreciation
Right” shall mean the right pursuant to an Award granted under Article VII.

 

2.43 “Stock Option”
or “Option” means any option to purchase shares of Common Stock granted to Eligible Individuals pursuant to
Article VI.

 

2.44 “Subsidiary”
means any subsidiary corporation of the Company within the meaning of Section 424(f) of the Code.

 

2.45 “Tandem Stock
Appreciation Right” shall mean the right to surrender to the Company all (or a portion) of a Stock Option in exchange for
an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion
thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price
of such Stock Option (or such portion thereof).

 

2.46 “Ten Percent
Stockholder” means a Person owning stock possessing more than ten percent (10%) of the total combined voting power of all
classes of stock of the Company, its Subsidiaries or its Parent.

 

2.47 “Termination”
means a Termination of Consultancy, Termination of Directorship or Termination of Employment, as applicable.

 

2.48 “Termination
of Consultancy” means: (a) that the Consultant is no longer acting as a consultant to the Company or an Affiliate; or (b)
when an entity which is retaining a Participant as a Consultant ceases to be an Affiliate unless the Participant otherwise is, or thereupon
becomes, a Consultant to the Company or another Affiliate at the time the entity ceases to be an Affiliate. In the event that a Consultant
becomes an Eligible Employee or a Non-Employee Director upon the termination of such Consultant’s consultancy, unless otherwise
determined by the Committee, in its sole discretion, no Termination of Consultancy shall be deemed to occur until such time as such Consultant
is no longer a Consultant, an Eligible Employee or a Non-Employee Director. Notwithstanding the foregoing, the Committee may otherwise
define Termination of Consultancy in the Award Agreement or, if no rights of a Participant are reduced, may otherwise define Termination
of Consultancy thereafter, provided that any such change to the definition of the term “Termination of Consultancy” does not
cause the applicable Award to fail to comply with Section 409A of the Code.

 

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2.49 “Termination
of Directorship” means that the Non-Employee Director has ceased to be a director of the Company; except that if a Non-Employee
Director becomes an Eligible Employee or a Consultant upon the termination of such Non-Employee Director’s directorship, such Non-Employee
Director’s ceasing to be a director of the Company shall not be treated as a Termination of Directorship unless and until the Participant
has a Termination of Employment or Termination of Consultancy, as the case may be.

 

2.50 “Termination
of Employment” means: (a) a termination of employment of a Participant from the Company and its Affiliates; or (b) when
an entity which is employing a Participant ceases to be an Affiliate, unless the Participant otherwise is, or thereupon becomes, employed
by the Company or another Affiliate at the time the entity ceases to be an Affiliate. In the event that an Eligible Employee becomes a
Consultant or a Non-Employee Director upon the termination of such Eligible Employee’s employment, unless otherwise determined by
the Committee, in its sole discretion, no Termination of Employment shall be deemed to occur until such time as such Eligible Employee
is no longer an Eligible Employee, a Consultant or a Non-Employee Director. Notwithstanding the foregoing, the Committee may otherwise
define Termination of Employment in the Award Agreement or, if no rights of a Participant are reduced, may otherwise define Termination
of Employment thereafter, provided that any such change to the definition of the term “Termination of Employment” does not
cause the applicable Award to fail to comply with Section 409A of the Code.

 

2.51 “Transfer”
means: (a) when used as a noun, any direct or indirect transfer, sale, assignment, pledge, hypothecation, encumbrance or other disposition
(including the issuance of equity in any entity), whether for value or no value and whether voluntary or involuntary (including by operation
of law), and (b) when used as a verb, to directly or indirectly transfer, sell, assign, pledge, encumber, charge, hypothecate or otherwise
dispose of (including the issuance of equity in any entity) whether for value or for no value and whether voluntarily or involuntarily
(including by operation of law). “Transferred” and “Transferable” shall have a correlative meaning.

 

Article
III

ADMINISTRATION

 

3.1 The Committee.
The Plan shall be administered and interpreted by the Committee. Unless the entire Board constitutes the Committee, to the extent required
by applicable law, rule or regulation, it is intended that each member of the Committee shall qualify as (a) a “non-employee director”
under Rule 16b-3 and (b) an “independent director” under the rules of any national securities exchange or national securities
association, as applicable. If it is later determined that one or more members of the Committee do not so qualify, actions taken by the
Committee prior to such determination shall be valid despite such failure to qualify.

 

3.2 Grants of Awards.
The Committee shall have full authority to grant, pursuant to the terms of the Plan, to Eligible Individuals: (i) Stock Options, (ii)
Stock Appreciation Rights, (iii) Restricted Stock Awards, (iv) Performance Awards; (v) Other Stock-Based Awards; and (vi) Other Cash-Based
Awards. In particular, the Committee shall have the authority:

 

(a) to select the Eligible Individuals
to whom Awards may from time to time be granted hereunder;

 

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(b) to determine whether and
to what extent Awards, or any combination thereof, are to be granted hereunder to one or more Eligible Individuals;

 

(c) to determine the number
of shares of Common Stock to be covered by each Award granted hereunder;

 

(d) to determine the terms and
conditions, not inconsistent with the terms of the Plan, of any sub-plan or Award granted hereunder (including, but not limited to, the
exercise, subscription or purchase price (if any), any restriction or limitation, any vesting schedule or acceleration thereof, or any
forfeiture restrictions or waiver thereof, regarding any Award and the shares of Common Stock relating thereto, based on such factors,
if any, as the Committee shall determine, in its sole discretion);

 

(e) to determine the amount
of cash to be covered by each Award granted hereunder;

 

(f) to determine whether, to
what extent and under what circumstances grants of Options and other Awards under the Plan are to operate on a tandem basis and/or in
conjunction with or apart from other awards made by the Company outside of the Plan;

 

(g) to determine whether and
under what circumstances a Stock Option may be settled in cash, Common Stock and/or Restricted Stock under Section 6.4(d);

 

(h) to determine whether a Stock
Option is an Incentive Stock Option or Non-Qualified Stock Option;

 

(i) to determine whether to
require a Participant, as a condition of the granting of any Award, to not sell or otherwise dispose of shares acquired pursuant to the
exercise of an Award for a period of time as determined by the Committee, in its sole discretion, following the date of the acquisition
of such Award;

 

(j) to modify, extend or renew
an Award, subject to Article XII and Section 6.4(l), provided, however, that such action does not cause the Award to fail to comply with
Section 409A of the Code;

 

(k) solely to the extent permitted
by applicable law, to determine whether, to what extent and under what circumstances to provide loans (which may be on a recourse basis
and shall bear interest at the rate the Committee shall provide) to Participants in order to exercise Options under the Plan;

 

(l) to establish, adopt, interpret,
or revise any rules and regulations including adopting sub-plans to the Plan and Award Agreements for the purposes of complying with securities,
exchange control or tax laws outside of the United States or Ireland, and/or for the purposes of taking advantage of tax favorable treatment
for Awards granted to Participants as it may deem necessary or advisable to administer the Plan, including the adoption of separate share
schemes under the umbrella of the Plan in order to qualify for special tax or other treatment anywhere in the world; provided such rules,
regulations or sub-plans, including the interpretation thereof are consistent with the terms and conditions of the Plan; and

 

(m) to make all other decisions
and determinations that may be required pursuant to the Plan, or any sub-plan or Award Agreement as the Committee deems necessary or advisable
to administer the Plan, any sub-plan or Award Agreement.

 

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3.3 Guidelines.
Subject to Article XII hereof, the Committee shall have the authority to adopt, alter and repeal such administrative rules, guidelines
and practices governing the Plan and perform all acts, including the delegation of its responsibilities (to the extent permitted by applicable
law and applicable stock exchange rules), as it shall, from time to time, deem advisable; to construe and interpret the terms and provisions
of the Plan and any Award issued under the Plan (and any agreements relating thereto); and to otherwise supervise the administration of
the Plan. The Committee may correct any defect, supply any omission or reconcile any inconsistency in the Plan or in any agreement relating
thereto in the manner and to the extent it shall deem necessary to effectuate the purpose and intent of the Plan. The Committee may adopt
special guidelines and provisions for Persons who are residing in or employed in, or subject to, the taxes of, any domestic or foreign
jurisdictions to comply with applicable tax and securities laws of such domestic or foreign jurisdictions. Notwithstanding the foregoing,
no action of the Committee under this Section 3.3 shall impair the rights of any Participant without the Participant’s consent.
To the extent applicable, the Plan is intended to comply with the applicable requirements of Rule 16b-3 and the Plan shall be limited,
construed and interpreted in a manner so as to comply therewith.

 

3.4 Decisions Final.
Any decision, interpretation or other action made or taken in good faith by or at the direction of the Company, the Board or the Committee
(or any of its members) arising out of or in connection with the Plan shall be within the absolute discretion of all and each of them,
as the case may be, and shall be final, binding and conclusive on the Company and all employees and Participants and their respective
heirs, executors, administrators, successors and assigns.

 

3.5 Procedures.
Unless the entire Board constitutes the Committee, if the Committee is appointed, the Board shall designate one of the members of the
Committee as chairman and the Committee shall hold meetings, subject to the By-Laws of the Company, at such times and places as it shall
deem advisable, including, without limitation, by telephone conference or by written consent to the extent permitted by applicable law.
A majority of the Committee members shall constitute a quorum. All determinations of the Committee shall be made by a majority of its
members. Any decision or determination reduced to writing and signed by all of the Committee members in accordance with the By-Laws of
the Company, shall be fully effective as if it had been made by a vote at a meeting duly called and held. The Committee shall keep minutes
of its meetings and shall make such rules and regulations for the conduct of its business as it shall deem advisable.

 

3.6 Designation of Consultants/Liability.

 

(a) The Committee may designate
employees of the Company and professional advisors to assist the Committee in the administration of the Plan and (to the extent permitted
by applicable law and applicable exchange rules) may grant authority to officers to grant Awards and/or execute agreements or other documents
on behalf of the Committee. In the event of any designation of authority hereunder, subject to applicable law, applicable stock exchange
rules and any limitations imposed by the Committee in connection with such designation, such designee or designees shall have the power
and authority to take such actions, exercise such powers and make such determinations that are otherwise specifically designated to the
Committee hereunder.

 

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(b) The Committee may employ
such legal counsel, consultants and agents as it may deem desirable for the administration of the Plan and may rely upon any opinion received
from any such counsel or consultant and any computation received from any such consultant or agent. Expenses incurred by the Committee
or the Board in the engagement of any such counsel, consultant or agent shall be paid by the Company. The Committee, its members and any
Person designated pursuant to sub-section (a) above shall not be liable for any action or determination made in good faith with respect
to the Plan. To the maximum extent permitted by applicable law, no officer of the Company or member or former member of the Committee
or of the Board shall be liable for any action or determination made in good faith with respect to the Plan or any Award granted under
it.

 

3.7 Indemnification.
To the maximum extent permitted by applicable law and the Memorandum and Articles of Association of the Company and to the extent not
covered by insurance directly insuring such Person, each officer or employee of the Company or any Affiliate and member or former member
of the Committee or the Board shall be indemnified and held harmless by the Company against any cost or expense (including reasonable
fees of counsel reasonably acceptable to the Committee) or liability (including any sum paid in settlement of a claim with the approval
of the Committee), and advanced amounts necessary to pay the foregoing at the earliest time and to the fullest extent permitted, arising
out of any act or omission to act in connection with the administration of the Plan, except to the extent arising out of such officer’s,
employee’s, member’s or former member’s own fraud or bad faith. Such indemnification shall be in addition to any right
of indemnification the employees, officers, directors or members or former officers, directors or members may have under applicable law
or under the Certificate of Incorporation or By-Laws of the Company or any Affiliate. Notwithstanding anything else herein, this indemnification
will not apply to the actions or determinations made by an individual with regard to Awards granted to such individual under the Plan.

 

Article
IV

SHARE LIMITATION

 

4.1 Shares.

 

(a) The initial aggregate number
of shares of Common Stock that may be issued or used for reference purposes or with respect to which Awards may be granted under the Plan
shall be 6,450,000 shares (subject to any increase or decrease pursuant to Section 4.2), which may be either authorized and unissued Common
Stock or Common Stock held in or acquired for the treasury of the Company or both. The total number of shares of Common Stock that will
be reserved, and that may be issued, under the Plan will automatically increase on the first trading day of each calendar year, beginning
with calendar year 2022, by a number of shares of Common Stock equal to five percent (5%) of the total outstanding shares of Common Stock
on the last day of the prior calendar year. Notwithstanding the automatic annual increase set forth in this Section 4.1(a), the Board
may act prior to January 1st of a given year to provide that there will be no such increase in the share reserve for such year
or that the increase in the share reserve for such year will be a lesser number of shares of Common Stock than would otherwise occur pursuant
to the stipulated percentage. The maximum number of shares of Common Stock with respect to which Incentive Stock Options may be granted
under the Plan shall be 6,450,000 shares (subject to any increase or decrease pursuant to Section 4.2, but not subject to the annual adjustment
provision above), and the limits set forth in this Section 4.1 will be construed to comply with the applicable requirements of Section
422 of the Code. If any shares of Common Stock underlying Awards granted under the Plan are forfeited, expire, terminate, are settled
for cash (in whole or in part) or are unearned (in whole or in part) or are canceled for any reason without having been exercised in full,
the number of shares of Common Stock underlying any such Award shall again be available for the purpose of Awards under the Plan to the
extent of such cancellation, forfeiture, expiration, cash settlement or unearned amount. Any Award under the Plan settled in cash shall
not be counted against the foregoing maximum share limitations. If a Tandem Stock Appreciation Right or a Limited Stock Appreciation Right
is granted in tandem with an Option, such grant shall only apply once against the maximum number of shares of Common Stock which may be
issued under the Plan. In the event that any shares of Common Stock are (i) withheld by the Company, tendered or otherwise used in payment
of the exercise price of an Option, (ii) withheld by the Company, tendered or otherwise used to satisfy tax or social security withholding,
or (iii) reacquired by the Company on the open market or otherwise using cash proceeds from the exercise of Stock Options, then in each
case the shares of Common Stock so tendered or withheld shall be added (or added back, as applicable) to the aggregate number of shares
of Common Stock available under this Section 4.1.

 

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(b) Annual Non-Employee Director
Compensation Limitation. Notwithstanding anything to the contrary contained in this Article IV or elsewhere in the Plan, in no event
will any individual Non-Employee Director in any fiscal year of the Company be granted compensation for such Non-Employee Director service
having an aggregate maximum value (computed as of the date of grant in accordance with applicable financial accounting rules) exceeding
$750,000 or $1,000,000 in the first year of service.

 

4.2 Changes.

 

(a) The existence of the Plan
and the Awards granted hereunder shall not affect in any way the right or power of the Board, the Committee or the stockholders of the
Company to make or authorize (i) any adjustment, recapitalization, reorganization or other change in the Company’s capital structure
or its business, (ii) any merger or consolidation of the Company or any Affiliate, (iii) any issuance of bonds, debentures, preferred
or prior preference stock ahead of or affecting the Common Stock, (iv) the dissolution or liquidation of the Company or any Affiliate,
(v) any sale or transfer of all or part of the assets or business of the Company or any Affiliate or (vi) any other corporate act or proceeding.

 

(b) Subject to the provisions
of Section 11.1:

 

(i) If the Company at any
time subdivides (by any split, recapitalization or otherwise) the outstanding Common Stock into a greater number of shares of Common Stock,
or combines (by reverse split, combination or otherwise) its outstanding Common Stock into a lesser number of shares of Common Stock,
or engages in any other corporate transaction or event having an effect substantially similar to the foregoing, then the respective exercise
prices for outstanding Awards that provide for a Participant elected exercise and the number of shares of Common Stock covered by outstanding
Awards, and other Award terms, shall be appropriately adjusted by the Committee, in its sole discretion, as it determines is equitably
required to prevent dilution or enlargement of the rights granted to, or available for, Participants under the Plan.

 

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(ii) Excepting transactions
covered by Section 4.2(b)(i), if the Company effects any merger, consolidation, statutory exchange, spin-off, reorganization, sale or
transfer of all or substantially all the Company’s assets or business, or other corporate transaction or event having an effect
substantially similar to the foregoing in such a manner that the Company’s outstanding shares of Common Stock are converted into
the right to receive (or the holders of Common Stock are entitled to receive in exchange therefor), either immediately or upon liquidation
of the Company, securities or other property of the Company or other entity (each, a “Reorganization”), then,
subject to the provisions of Section 11.1, the Committee shall make or provide for such adjustments in the number of and kind of securities
covered by any Award granted hereunder, in the exercise price provided in outstanding Awards, and in other Award terms, as the Committee,
in its sole discretion, determines is equitably required to prevent dilution or enlargement of the rights granted to, or available for,
Participants under the Plan.

 

(iii) If there shall occur
any change in the capital structure of the Company other than those covered by Section 4.2(b)(i) or 4.2(b)(ii), including by reason of
any extraordinary dividend (whether cash or equity), any conversion, any adjustment, any issuance of any class of securities convertible
or exercisable into, or exercisable for, any class of equity securities of the Company, or any other corporate transaction or event having
an effect substantially similar to the foregoing, then the Committee shall adjust any Award and its terms and make such other adjustments
to the Plan, as the Committee, in its sole discretion, determines is equitably required to prevent dilution or enlargement of the rights
granted to, or available for, Participants under the Plan.

 

(iv) If there shall occur
any transaction or event described in Section 4.2(b)(ii) or a Change in Control, for each Stock Option or Stock Appreciation Right with
an exercise price greater than the consideration offered in connection with any such transaction or event or Change in Control, the Committee
may in its sole discretion elect to cancel such Stock Option or Stock Appreciation Right without any payment to the person holding such
Stock Option or Stock Appreciation Right.

 

(v) Any such adjustment determined
by the Committee pursuant to this Section 4.2(b) shall be final, binding and conclusive on the Company and all Participants and their
respective heirs, executors, administrators, successors and permitted assigns. Any adjustment to, or assumption or substitution of, an
Award under this Section 4.2(b) shall be intended to comply with the requirements of Section 409A of the Code and Treasury Regulation
§1.424-1 (and any amendments thereto), to the extent applicable. Except as expressly provided in this Section 4.2 or in the applicable
Award Agreement, a Participant shall have no additional rights under the Plan by reason of any transaction or event described in this
Section 4.2.

 

(vi) Fractional shares of
Common Stock resulting from any adjustment in Awards pursuant to Section 4.2(a) or this Section 4.2(b) shall be aggregated until, and
eliminated at, the time of exercise or payment by rounding-down for fractions less than one-half and rounding-up for fractions equal to
or greater than one-half. No cash settlements shall be required with respect to fractional shares eliminated by rounding. Notice of any
adjustment shall be given by the Committee to each Participant whose Award has been adjusted and such adjustment (whether or not such
notice is given) shall be effective and binding for all purposes of the Plan.

 

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4.3 Minimum Purchase
Price. Notwithstanding any provision of the Plan to the contrary, if authorized but previously unissued shares of Common Stock
are issued under the Plan, such shares shall not be issued for a consideration that is less than as permitted under applicable law.

 

Article
V

ELIGIBILITY

 

5.1 General Eligibility.
All current and prospective Eligible Individuals are eligible to be granted Awards. Eligibility for the grant of Awards and actual participation
in the Plan shall be determined by the Committee in its sole discretion.

 

5.2 Incentive Stock
Options. Notwithstanding the foregoing, only Eligible Employees of the Company, its Subsidiaries and its Parent (if any) are eligible
to be granted Incentive Stock Options under the Plan. Eligibility for the grant of an Incentive Stock Option and actual participation
in the Plan shall be determined by the Committee in its sole discretion.

 

5.3 General Requirement.
The vesting and exercise of Awards granted to a prospective Eligible Individual are conditioned upon such individual actually becoming
an Eligible Employee, Consultant or Non-Employee Director, respectively.

 

Article
VI

STOCK OPTIONS

 

6.1 Options.
Stock Options may be granted alone or in addition to other Awards granted under the Plan. Each Stock Option granted under the Plan shall
be of one of two types: (a) an Incentive Stock Option or (b) a Non-Qualified Stock Option.

 

6.2 Grants.
The Committee shall have the authority to grant to any Eligible Employee one or more Incentive Stock Options, Non-Qualified Stock Options,
or both types of Stock Options. The Committee shall have the authority to grant any Consultant or Non-Employee Director one or more Non-Qualified
Stock Options. To the extent that any Stock Option does not qualify as an Incentive Stock Option (whether because of its provisions or
the time or manner of its exercise or otherwise), such Stock Option or the portion thereof which does not so qualify shall constitute
a separate Non-Qualified Stock Option.

 

6.3 Incentive Stock
Options. Notwithstanding anything in the Plan to the contrary, no term of the Plan relating to Incentive Stock Options shall be
interpreted, amended or altered, nor shall any discretion or authority granted under the Plan be so exercised, so as to disqualify the
Plan under Section 422 of the Code, or, without the consent of the Participants affected, to disqualify any Incentive Stock Option under
such Section 422.

 

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6.4 Terms of Options.
Options granted under the Plan shall be subject to the following terms and conditions and shall be in such form and contain such additional
terms and conditions, not inconsistent with the terms of the Plan, as the Committee shall deem desirable:

 

(a) Exercise Price. The
exercise price per share of Common Stock subject to a Stock Option shall be determined by the Committee at the time of grant, provided
that the per share exercise price of a Stock Option shall not be less than 100% (or, in the case of an Incentive Stock Option granted
to a Ten Percent Stockholder, 110%) of the Fair Market Value of the Common Stock at the time of grant, unless such Stock Option is granted
pursuant to an assumption or substitution of another Stock Option in a manner that satisfies the requirements of Section 424(a) of the
Code, provided always that the exercise price shall not in any case be less than the nominal value of each Common Stock, being $0.0001
per share as at the Effective Date.

 

(b) Stock Option Term.
The term of each Stock Option shall be fixed by the Committee, provided that no Stock Option shall be exercisable more than 10 years after
the date the Option is granted; and provided further that the term of an Incentive Stock Option granted to a Ten Percent Stockholder shall
not exceed five years.

 

(c) Exercisability. Unless
otherwise provided by the Committee in accordance with the provisions of this Section 6.4, Stock Options granted under the Plan shall
be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee at the time of grant.
If the Committee provides, in its discretion, that any Stock Option is exercisable subject to certain limitations (including, without
limitation, that such Stock Option is exercisable only in installments or within certain time periods), the Committee may waive such limitations
on the exercisability at any time at or after the time of grant in whole or in part (including, without limitation, waiver of the installment
exercise provisions or acceleration of the time at which such Stock Option may be exercised), based on such factors, if any, as the Committee
shall determine, in its sole discretion.

 

(d) Method of Exercise.
Subject to whatever installment exercise and waiting period provisions apply under Section 6.4(c), to the extent vested, Stock Options
may be exercised in whole or in part at any time during the Option term, by giving written notice of exercise to the Company specifying
the number of shares of Common Stock to be purchased. Such notice shall be accompanied by payment in full of the purchase price as follows:
(i) in cash or by check, bank draft or money order payable to the order of the Company; (ii) solely to the extent permitted by applicable
law, if the Common Stock is traded on a national securities exchange, and the Committee authorizes, through a procedure whereby the Participant
delivers irrevocable instructions to a broker reasonably acceptable to the Committee to deliver promptly to the Company an amount equal
to the purchase price; or (iii) on such other terms and conditions as may be acceptable to the Committee (including, without limitation,
having the Company withhold shares of Common Stock issuable upon exercise of the Stock Option, or by payment in full or in part in the
form of Common Stock owned by the Participant, based on the Fair Market Value of the Common Stock on the payment date as determined by
the Committee). No shares of Common Stock shall be issued until payment therefor, as provided herein, has been made or provided for.

 

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(e) Non-Transferability of
Options. No Stock Option shall be Transferable by the Participant other than by will or by the laws of descent and distribution, and
all Stock Options shall be exercisable, during the Participant’s lifetime, only by the Participant. Notwithstanding the foregoing,
the Committee may determine, in its sole discretion, at the time of grant or thereafter that a Non-Qualified Stock Option that is otherwise
not Transferable pursuant to this Section is Transferable to a Family Member in whole or in part and in such circumstances, and under
such conditions, as specified by the Committee. A Non-Qualified Stock Option that is Transferred to a Family Member pursuant to the preceding
sentence (i) may not be subsequently Transferred other than by will or by the laws of descent and distribution and (ii) remains subject
to the terms of the Plan and the applicable Award Agreement. Any shares of Common Stock acquired upon the exercise of a Non-Qualified
Stock Option by a permissible transferee of a Non-Qualified Stock Option or a permissible transferee pursuant to a Transfer after the
exercise of the Non-Qualified Stock Option shall be subject to the terms of the Plan and the applicable Award Agreement. Unless otherwise
determined by the Committee, in no event will any Stock Option granted under this Plan be transferred for value.

 

(f) Termination by Death
or Disability. Unless otherwise determined by the Committee at the time of grant, or if no rights of the Participant are reduced,
thereafter, if a Participant’s Termination is by reason of death or Disability, all Stock Options that are held by such Participant
that are vested and exercisable at the time of the Participant’s Termination may be exercised by the Participant (or in the case
of the Participant’s death, by the legal representative of the Participant’s estate) at any time within a period of one (1)
year from the date of such Termination, but in no event beyond the expiration of the stated term of such Stock Options; provided, however,
that, in the event of a Participant’s Termination by reason of Disability, if the Participant dies within such exercise period,
all unexercised Stock Options held by such Participant shall thereafter be exercisable, to the extent to which they were exercisable at
the time of death, for a period of one (1) year from the date of such death, but in no event beyond the expiration of the stated term
of such Stock Options.

 

(g) Involuntary Termination
Without Cause. Unless otherwise determined by the Committee at the time of grant, or if no rights of the Participant are reduced,
thereafter, if a Participant’s Termination is by involuntary termination by the Company without Cause, all Stock Options that are
held by such Participant that are vested and exercisable at the time of the Participant’s Termination may be exercised by the Participant
at any time within a period of ninety (90) days from the date of such Termination, but in no event beyond the expiration of the stated
term of such Stock Options.

 

(h) Voluntary Resignation.
Unless otherwise determined by the Committee at the time of grant, or if no rights of the Participant are reduced, thereafter, if a Participant’s
Termination is voluntary (other than a voluntary termination described in Section 6.4(i)(y) hereof), all Stock Options that are held by
such Participant that are vested and exercisable at the time of the Participant’s Termination may be exercised by the Participant
at any time within a period of ninety (90) days from the date of such Termination, but in no event beyond the expiration of the stated
term of such Stock Options.

 

(i) Termination for Cause.
Unless otherwise determined by the Committee at the time of grant, or if no rights of the Participant are reduced, thereafter, if a Participant’s
Termination (x) is for Cause or (y) is a voluntary Termination (as provided in Section 6.4(h)) after the occurrence of an event that would
be grounds for a Termination for Cause, all Stock Options, whether vested or not vested, that are held by such Participant shall thereupon
terminate and expire as of the date of such Termination.

 

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(j) Unvested Stock Options.
Unless otherwise determined by the Committee at the time of grant, or if no rights of the Participant are reduced, thereafter, Stock Options
that are not vested as of the date of a Participant’s Termination for any reason shall terminate and expire as of the date of such
Termination.

 

(k) Incentive Stock Option
Limitations. To the extent that the aggregate Fair Market Value (determined as of the time of grant) of the Common Stock with respect
to which Incentive Stock Options are exercisable for the first time by an Eligible Employee during any calendar year under the Plan and/or
any other stock option plan of the Company, any Subsidiary or any Parent exceeds $100,000, such Options shall be treated as Non-Qualified
Stock Options. In addition, if an Eligible Employee does not remain employed by the Company, any Subsidiary or any Parent at all times
from the time an Incentive Stock Option is granted until three months prior to the date of exercise thereof (or such other period as required
by applicable law), such Stock Option shall be treated as a Non-Qualified Stock Option. Should any provision of the Plan not be necessary
in order for the Stock Options to qualify as Incentive Stock Options, or should any additional provisions be required, the Committee may
amend the Plan accordingly, without the necessity of obtaining the approval of the stockholders of the Company.

 

(l) Form, Modification, Extension
and Renewal of Stock Options. Subject to the terms and conditions and within the limitations of the Plan, Stock Options shall be evidenced
by such form of agreement or grant as is approved by the Committee, and the Committee may (i) modify, extend or renew outstanding Stock
Options granted under the Plan (provided that the rights of a Participant are not reduced without such Participant’s consent and
provided further that such action does not subject the Stock Options to Section 409A of the Code without the consent of the Participant),
and (ii) accept the surrender of outstanding Stock Options (to the extent not theretofore exercised) and authorize the granting of new
Stock Options in substitution therefor (to the extent not theretofore exercised). An outstanding Option may not be modified to reduce
the exercise price thereof unless such action is approved by the stockholders of the Company.

 

(m) Dividends. Unless
otherwise determined by the Committee, Stock Options granted under this Plan may not provide for any dividends or dividend equivalents
thereon.

 

(n) Other Terms and Conditions.
The Committee may include a provision in an Award Agreement providing for the automatic exercise of a Non-Qualified Stock Option on a
cashless basis on the last day of the term of such Option if the Participant has failed to exercise the Non-Qualified Stock Option as
of such date, with respect to which the Fair Market Value of the shares of Common Stock underlying the Non-Qualified Stock Option exceeds
the exercise price of such Non-Qualified Stock Option on the date of expiration of such Option, subject to Section 14.4. Stock Options
may contain such other provisions, which shall not be inconsistent with any of the terms of the Plan, as the Committee shall deem appropriate.

 

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Article
VII

STOCK APPRECIATION RIGHTS

 

7.1 Tandem Stock Appreciation
Rights. Stock Appreciation Rights may be granted in conjunction with all or part of any Stock Option (a “Reference
Stock Option”) granted under the Plan (“Tandem Stock Appreciation Rights”). In the case of a Non-Qualified
Stock Option, such rights may be granted either at or after the time of the grant of such Reference Stock Option. In the case of an Incentive
Stock Option, such rights may be granted only at the time of the grant of such Reference Stock Option.

 

7.2 Terms and Conditions
of Tandem Stock Appreciation Rights. Tandem Stock Appreciation Rights granted hereunder shall be subject to such terms and conditions,
not inconsistent with the provisions of the Plan, as shall be determined from time to time by the Committee, and the following:

 

(a) Exercise Price. The
exercise price per share of Common Stock subject to a Tandem Stock Appreciation Right shall be determined by the Committee at the time
of grant, provided that the per share exercise price of a Tandem Stock Appreciation Right shall not be less than 100% of the Fair Market
Value of the Common Stock at the time of grant, unless such Tandem Stock Appreciation Right is granted pursuant to an assumption or substitution
of another Tandem Stock Appreciation Right in a manner that satisfies the requirements of Section 424(a) of the Code.

 

(b) Term. A Tandem Stock
Appreciation Right or applicable portion thereof granted with respect to a Reference Stock Option shall terminate and no longer be exercisable
upon the termination or exercise of the Reference Stock Option, except that, unless otherwise determined by the Committee, in its sole
discretion, at the time of grant, a Tandem Stock Appreciation Right granted with respect to less than the full number of shares covered
by the Reference Stock Option shall not be reduced until, and then only to the extent that the exercise or termination of the Reference
Stock Option causes, the number of shares covered by the Tandem Stock Appreciation Right to exceed the number of shares remaining available
and unexercised under the Reference Stock Option.

 

(c) Exercisability. Tandem
Stock Appreciation Rights shall be exercisable only at such time or times and to the extent that the Reference Stock Options to which
they relate shall be exercisable in accordance with the provisions of Article VI, and shall be subject to the provisions of Section 6.4(c).

 

(d) Method of Exercise.
A Tandem Stock Appreciation Right may be exercised by the Participant by surrendering the applicable portion of the Reference Stock Option.
Upon such exercise and surrender, the Participant shall be entitled to receive an amount determined in the manner prescribed in this Section
7.2. Stock Options which have been so surrendered, in whole or in part, shall no longer be exercisable to the extent that the related
Tandem Stock Appreciation Rights have been exercised.

 

(e) Payment. Upon the
exercise of a Tandem Stock Appreciation Right, a Participant shall be entitled to receive up to, but no more than, an amount in cash and/or
Common Stock (as chosen by the Committee in its sole discretion) equal in value to the excess of the Fair Market Value of one share of
Common Stock over the Option exercise price per share specified in the Reference Stock Option agreement multiplied by the number of shares
of Common Stock in respect of which the Tandem Stock Appreciation Right shall have been exercised, with the Committee having the right
to determine the form of payment.

 

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(f) Deemed Exercise of Reference
Stock Option. Upon the exercise of a Tandem Stock Appreciation Right, the Reference Stock Option or part thereof to which such Stock
Appreciation Right is related shall be deemed to have been exercised for the purpose of the limitation set forth in Article IV of the
Plan on the number of shares of Common Stock to be issued under the Plan.

 

(g) Dividends. Unless
otherwise determined by the Committee, Tandem Stock Appreciation Rights granted under this Plan may not provide for any dividends or dividend
equivalents thereon.

 

(h) Non-Transferability.
Tandem Stock Appreciation Rights shall be Transferable only when and to the extent that the underlying Stock Option would be Transferable
under Section 6.4(e) of the Plan. Unless otherwise determined by the Committee, in no event will any Tandem Stock Appreciation Right granted
under this Plan be transferred for value.

 

7.3 Non-Tandem Stock
Appreciation Rights. Non-Tandem Stock Appreciation Rights may also be granted without reference to any Stock Options granted under
the Plan.

 

7.4 Terms and Conditions
of Non-Tandem Stock Appreciation Rights. Non-Tandem Stock Appreciation Rights granted hereunder shall be subject to such terms
and conditions, not inconsistent with the provisions of the Plan, as shall be determined from time to time by the Committee, and the following:

 

(a) Exercise Price. The
exercise price per share of Common Stock subject to a Non-Tandem Stock Appreciation Right shall be determined by the Committee at the
time of grant, provided that the per share exercise price of a Non-Tandem Stock Appreciation Right shall not be less than 100% of the
Fair Market Value of the Common Stock at the time of grant, unless such Non-Tandem Stock Appreciation Right is granted pursuant to an
assumption or substitution of another Non-Tandem Stock Appreciation Right in a manner that satisfies the requirements of Section 424(a)
of the Code.

 

(b) Term. The term of
each Non-Tandem Stock Appreciation Right shall be fixed by the Committee, but shall not be greater than 10 years after the date the right
is granted.

 

(c) Exercisability. Unless
otherwise provided by the Committee in accordance with the provisions of this Section 7.4, Non-Tandem Stock Appreciation Rights granted
under the Plan shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee
at the time of grant. If the Committee provides, in its discretion, that any such right is exercisable subject to certain limitations
(including, without limitation, that it is exercisable only in installments or within certain time periods), the Committee may waive such
limitations on the exercisability at any time at or after grant in whole or in part (including, without limitation, waiver of the installment
exercise provisions or acceleration of the time at which such right may be exercised), based on such factors, if any, as the Committee
shall determine, in its sole discretion.

 

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(d) Method of Exercise.
Subject to whatever installment exercise and waiting period provisions apply under Section 7.4(c), Non-Tandem Stock Appreciation Rights
may be exercised in whole or in part at any time in accordance with the Plan and the applicable Award Agreement, by giving written notice
of exercise to the Company specifying the number of Non-Tandem Stock Appreciation Rights to be exercised.

 

(e) Payment. Upon the
exercise of a Non-Tandem Stock Appreciation Right a Participant shall be entitled to receive, for each right exercised, up to, but no
more than, an amount in cash and/or Common Stock (as chosen by the Committee in its sole discretion) equal in value to the excess of the
Fair Market Value of one share of Common Stock on the date that the right is exercised over the Fair Market Value of one share of Common
Stock on the date that the right was awarded to the Participant.

 

(f) Dividends. Unless
otherwise determined by the Committee, Non-Tandem Stock Appreciation Rights granted under this Plan may not provide for any dividends
or dividend equivalents thereon.

 

(g) Termination. Unless
otherwise determined by the Committee at grant or, if no rights of the Participant are reduced, thereafter, subject to the provisions
of the applicable Award Agreement and the Plan, upon a Participant’s Termination for any reason, Non-Tandem Stock Appreciation Rights
will remain exercisable following a Participant’s Termination on the same basis as Stock Options would be exercisable following
a Participant’s Termination in accordance with the provisions of Sections 6.4(f) through 6.4(j).

 

(h) Non-Transferability.
No Non-Tandem Stock Appreciation Rights shall be Transferable by the Participant other than by will or by the laws of descent and distribution,
and all such rights shall be exercisable, during the Participant’s lifetime, only by the Participant. Unless otherwise determined
by the Committee, in no event will any Non-Tandem Stock Appreciation Right granted under this Plan be transferred for value.

 

7.5 Limited Stock Appreciation
Rights. The Committee may, in its sole discretion, grant Tandem and Non-Tandem Stock Appreciation Rights either as a general Stock
Appreciation Right or as a Limited Stock Appreciation Right. Limited Stock Appreciation Rights may be exercised only upon the occurrence
of a Change in Control or such other event as the Committee may, in its sole discretion, designate at the time of grant or thereafter.
Upon the exercise of Limited Stock Appreciation Rights, except as otherwise provided in an Award Agreement, the Participant shall receive
in cash and/or Common Stock, as determined by the Committee, an amount equal to the amount (i) set forth in Section 7.2(e) with respect
to Tandem Stock Appreciation Rights, or (ii) set forth in Section 7.4(e) with respect to Non-Tandem Stock Appreciation Rights.

 

7.6 Modification of
Stock Appreciation Rights. An outstanding Stock Appreciation Right may not be modified to reduce the exercise price thereof or
cancel an outstanding “underwater” Stock Appreciation Right in exchange for cash, another Award or a Stock Appreciation Right
with an exercise price that is less than the exercise price of the original Stock Appreciation Right, nor may a new Stock Appreciation
Right at a lower price be substituted for a surrendered Stock Appreciation Right (other than in all cases adjustments or substitutions
in accordance with Section 4.2), unless such action is approved by the stockholders of the Company.

 

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7.7 Other Terms and
Conditions. The Committee may include a provision in an Award Agreement providing for the automatic exercise of a Stock Appreciation
Right on a cashless basis on the last day of the term of such Stock Appreciation Right if the Participant has failed to exercise the Stock
Appreciation Right as of such date, with respect to which the Fair Market Value of the shares of Common Stock underlying the Stock Appreciation
Right exceeds the exercise price of such Stock Appreciation Right on the date of expiration of such Stock Appreciation Right, subject
to Section 14.4. Stock Appreciation Rights may contain such other provisions, which shall not be inconsistent with any of the terms of
the Plan, as the Committee shall deem appropriate.

 

Article
VIII

RESTRICTED STOCK

 

8.1 Awards of Restricted
Stock. Shares of Restricted Stock may be issued either alone or in addition to other Awards granted under the Plan. The Committee
shall determine the Eligible Individuals, to whom, and the time or times at which, grants of Restricted Stock shall be made, the number
of shares to be awarded, the price (if any) to be paid by the Participant (subject to Section 8.2), the time or times within which such
Awards may be subject to forfeiture, the vesting schedule and rights to acceleration thereof, and all other terms and conditions of the
Awards. Unless otherwise determined by the Committee, in no event will any shares of Restricted Stock granted under this Plan be transferred
for value.

 

The Committee may condition
the grant or vesting of Restricted Stock upon the attainment of specified performance targets (including, the Performance Goals) or such
other factor as the Committee may determine in its sole discretion.

 

8.2 Awards and Certificates.
Eligible Individuals selected to receive Restricted Stock shall not have any right with respect to such Award, unless and until such Participant
has delivered a fully executed copy of the agreement evidencing the Award to the Company, to the extent required by the Committee, and
has otherwise complied with the applicable terms and conditions of such Award. Further, such Award shall be subject to the following conditions:

 

(a) Purchase Price. The
purchase price of Restricted Stock shall be fixed by the Committee. Subject to Section 4.2, the purchase price for shares of Restricted
Stock may be zero to the extent permitted by applicable law, and, to the extent not so permitted, such purchase price may not be less
than par value.

 

(b) Custody. If stock
certificates are issued in respect of shares of Restricted Stock, the Committee may require that any stock certificates evidencing such
shares be held in custody by the Company until the restrictions thereon shall have lapsed, and that, as a condition of any grant of Restricted
Stock, the Participant shall have delivered a duly signed stock power or other instruments of assignment (including a power of attorney),
each endorsed in blank with a guarantee of signature if deemed necessary or appropriate by the Company, which would permit transfer to
the Company of all or a portion of the shares subject to the Restricted Stock Award in the event that such Award is forfeited in whole
or part.

 

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8.3 Restrictions and
Conditions. The shares of Restricted Stock awarded pursuant to the Plan shall be subject to the following restrictions and conditions:

 

(a) Restriction Period.
(i) The Participant shall not be permitted to Transfer shares of Restricted Stock awarded under the Plan during the period or periods
set by the Committee (the “Restriction Period”) commencing on the date of such Award, as set forth in the Restricted
Stock Award Agreement or as otherwise provided for by the Committee. Based on service, attainment of Performance Goals pursuant to Section
8.3(a)(ii) and/or such other factors or criteria as the Committee may determine in its sole discretion, the Committee may condition the
grant or provide for the lapse of such restrictions in installments in whole or in part, or may accelerate the vesting of all or any part
of any Restricted Stock Award and/or waive the deferral limitations for all or any part of any Restricted Stock Award.

 

(ii) If the grant of shares
of Restricted Stock or the lapse of restrictions is based on the attainment of Performance Goals, the Committee shall establish the objective
Performance Goals and the applicable vesting percentage of the Restricted Stock applicable to each Participant or class of Participants
in writing prior to the beginning of the applicable fiscal year or at such later date as otherwise determined by the Committee. Such Performance
Goals may incorporate provisions for disregarding (or adjusting for) changes in accounting methods, corporate transactions (including,
without limitation, dispositions and acquisitions) and other similar type events or circumstances.

 

(b) Rights as a Stockholder.
Except as provided in Section 8.3(a) and this Section 8.3(b) or as otherwise determined by the Committee in an Award Agreement, the Participant
shall have, with respect to the shares of Restricted Stock, all of the rights of a holder of shares of Common Stock of the Company, including,
without limitation, the right to receive dividends, the right to vote such shares and, subject to and conditioned upon the full vesting
of shares of Restricted Stock, the right to tender such shares. The payment of dividends or other distributions on Restricted Stock shall
be deferred until, and conditioned upon, the expiration of the applicable Restriction Period.

 

(c) Termination. Unless
otherwise determined by the Committee at grant or, if no rights of the Participant are reduced, thereafter, subject to the applicable
provisions of the Award Agreement and the Plan, upon a Participant’s Termination for any reason during the relevant Restriction
Period, all Restricted Stock still subject to restriction will be forfeited in accordance with the terms and conditions established by
the Committee at grant or thereafter.

 

(d) Lapse of Restrictions.
If and when the Restriction Period expires without a prior forfeiture of the Restricted Stock, the certificates for such shares shall
be delivered to the Participant. All legends shall be removed from said certificates at the time of delivery to the Participant, except
as otherwise required by applicable law or other limitations imposed by the Committee.

 

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Article
IX

PERFORMANCE AWARDS

 

9.1 Performance Awards.
The Committee may grant a Performance Award to a Participant payable upon the attainment of specific Performance Goals. If the Performance
Award is payable in shares of Restricted Stock, such shares shall be transferable to the Participant only upon attainment of the relevant
Performance Goal in accordance with Article VIII. If the Performance Award is payable in cash, it may be paid upon the attainment of the
relevant Performance Goals either in cash or in shares of Restricted Stock (based on the then current Fair Market Value of such shares),
as determined by the Committee, in its sole and absolute discretion. Each Performance Award shall be evidenced by an Award Agreement in
such form that is not inconsistent with the Plan and that the Committee may from time to time approve.

 

9.2 Terms and Conditions.
Performance Awards awarded pursuant to this Article IX shall be subject to the following terms and conditions:

 

(a) Earning of Performance
Award. At or in connection with the expiration of the applicable Performance Period, the Committee shall determine the extent to which
the Performance Goals are achieved and the percentage of each Performance Award that has been earned. The Committee may, subject to Section
409A of the Code, in its sole discretion, adjust the Performance Period to be subject to continued vesting, earlier lapse or other modification.

 

(b) Non-Transferability.
Subject to the applicable provisions of the Award Agreement and the Plan, Performance Awards may not be Transferred during the Performance
Period. Unless otherwise determined by the Committee, in no event will any Performance Award granted under this Plan be transferred for
value.

 

(c) Dividends. Unless
otherwise determined by the Committee at the time of grant, amounts equal to dividends declared during the Performance Period with respect
to the number of shares of Common Stock covered by a Performance Award will not be paid to the Participant. Any dividends or other distributions
on Performance Awards will be deferred until, and paid contingent upon, the vesting of such Performance Awards.

 

(d) Payment. Following
the Committee’s determination in accordance with Section 9.2(a), the Company shall settle Performance Awards, in such form (including,
without limitation, in shares of Common Stock or in cash) as determined by the Committee, in an amount equal to such Participant’s
earned Performance Awards.

 

(e) Termination. Subject
to the applicable provisions of the Award Agreement and the Plan, upon a Participant’s Termination for any reason during the Performance
Period for a given Performance Award, the Performance Award in question will vest or be forfeited in accordance with the terms and conditions
established by the Committee.

 

(f) Continued or Accelerated
Vesting. Based on service, performance and/or such other factors or criteria, if any, as the Committee may determine, the Committee
may, subject to Section 409A of the Code, at or after grant, provide for continued vesting of or accelerate the vesting of all or any
part of any Performance Award.

 

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Article
X

OTHER STOCK-BASED AND CASH-BASED AWARDS

 

10.1 Other Stock-Based
Awards. The Committee is authorized to grant to Eligible Individuals Other Stock-Based Awards that are payable in, valued in whole
or in part by reference to, or otherwise based on or related to shares of Common Stock, including but not limited to, shares of Common
Stock awarded purely as a bonus and not subject to restrictions or conditions, shares of Common Stock in payment of the amounts due under
an incentive or performance plan sponsored or maintained by the Company or an Affiliate, stock equivalent units, restricted stock units,
and Awards valued by reference to book value of shares of Common Stock. Other Stock-Based Awards may be granted either alone or in addition
to or in tandem with other Awards granted under the Plan. The Committee may condition grant or vesting of Other Stock-Based Awards upon
the attainment of Performance Goals, as the Committee may determine in its sole discretion.

 

Subject to the provisions
of the Plan, the Committee shall have authority to determine the Eligible Individuals, to whom, and the time or times at which, such Awards
shall be made, the number of shares of Common Stock to be awarded pursuant to such Awards, and all other conditions of the Awards. The
Committee may also provide for the grant of Common Stock under such Awards upon the completion of a specified Performance Period.

 

10.2 Terms and Conditions.
Other Stock-Based Awards made pursuant to this Article X shall be subject to the following terms and conditions:

 

(a) Non-Transferability.
Subject to the applicable provisions of the Award Agreement and the Plan, shares of Common Stock subject to Awards made under this Article
X may not be Transferred prior to the date on which the shares are issued, or, if later, the date on which any applicable restriction,
performance or deferral period lapses. Unless otherwise determined by the Committee, in no event will any Other Stock Based Award granted
under this Plan be transferred for value.

 

(b) Dividends. Unless
otherwise determined by the Committee at the time of Award, subject to the provisions of the Award Agreement and the Plan, the recipient
of an Award under this Article X shall not be entitled to receive, currently or on a deferred basis, dividends or dividend equivalents
in respect of the number of shares of Common Stock covered by the Other Stock-Based Award. Any dividends or other distributions on Other
Stock-Based Awards will be deferred until, and paid contingent upon, the vesting of such Other Stock-Based Awards.

 

(c) Vesting. Any Award
under this Article X and any Common Stock covered by any such Award shall vest or be forfeited to the extent so provided in the Award
Agreement, as determined by the Committee, in its sole discretion.

 

(d) Price. Common Stock
issued on a bonus basis under this Article X may be issued for no cash consideration. Common Stock purchased pursuant to a purchase right
awarded under this Article X shall be priced, as determined by the Committee in its sole discretion.

 

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10.3 Other Cash-Based
Awards. The Committee may from time to time grant Other Cash-Based Awards to Eligible Individuals in such amounts, on such terms
and conditions, and for such consideration, including no consideration or such minimum consideration as may be required by applicable
law, as it shall determine in its sole discretion. Other Cash-Based Awards may be granted subject to the satisfaction of vesting conditions
or may be awarded purely as a bonus and not subject to restrictions or conditions, and if subject to vesting conditions, the Committee
may accelerate the vesting of such Awards at any time in its sole discretion. The grant of an Other Cash-Based Award shall not require
a segregation of any of the Company’s assets for satisfaction of the Company’s payment obligation thereunder.

 

Article
XI

CHANGE IN CONTROL PROVISIONS

 

11.1 Benefits.
In the event of a Change in Control of the Company (as defined below), and except as otherwise provided by the Committee in an Award Agreement,
a Participant’s Award shall be treated in accordance with one or more of the following methods as determined by the Committee:

 

(a) Awards, whether or not then
vested, shall be continued, assumed, or have new rights substituted therefor, as determined by the Committee in a manner consistent with
the requirements of Section 409A of the Code, and restrictions to which shares of Restricted Stock or any other Award granted prior to
the Change in Control are subject shall not lapse upon a Change in Control and the Restricted Stock or other Award shall, where appropriate
in the sole discretion of the Committee, receive the same distribution as other Common Stock on such terms as determined by the Committee;
provided that the Committee may decide to award additional Restricted Stock or other Awards in lieu of any cash distribution. Notwithstanding
anything to the contrary herein, for purposes of Incentive Stock Options, any assumed or substituted Stock Option shall comply with the
requirements of Treasury Regulation Section 1.424-1 (and any amendment thereto).

 

(b) The Committee, in its sole
discretion, may provide for the purchase of any Awards by the Company or an Affiliate for an amount of cash equal to the excess (if any)
of the Change in Control Price (as defined below) of the shares of Common Stock covered by such Awards, over the aggregate exercise price
of such Awards. For purposes hereof, “Change in Control Price” shall mean the highest price per share of Common
Stock paid in any transaction related to a Change in Control of the Company.

 

(c) The Committee may, in its
sole discretion, terminate all outstanding and unexercised Stock Options, Stock Appreciation Rights, or any Other Stock-Based Award that
provides for a Participant elected exercise, effective as of the date of the Change in Control, by delivering notice of termination to
each Participant at least twenty (20) days prior to the date of consummation of the Change in Control, in which case during the period
from the date on which such notice of termination is delivered to the consummation of the Change in Control, each such Participant shall
have the right to exercise in full all of such Participant’s Awards that are then outstanding (without regard to any limitations
on exercisability otherwise contained in the Award Agreements), but any such exercise shall be contingent on the occurrence of the Change
in Control, and, provided that, if the Change in Control does not take place within a specified period after giving such notice for any
reason whatsoever, the notice and exercise pursuant thereto shall be null and void.

 

(d) Notwithstanding any other
provision herein to the contrary, the Committee may, in its sole discretion, provide for accelerated vesting or lapse of restrictions,
of an Award at any time.

 

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11.2 Change in Control.
Unless otherwise determined by the Committee in the applicable Award Agreement or other written agreement with a Participant approved
by the Committee, a “Change in Control” shall be deemed to occur if:

 

(a) any “person,”
as such term is used in Sections 13(d) and 14(d) of the Exchange Act (other than the Company, any trustee or other fiduciary holding securities
under any employee benefit plan of the Company, or any company owned, directly or indirectly, by the stockholders of the Company in substantially
the same proportions as their ownership of Common Stock of the Company), becoming the beneficial owner (as defined in Rule 13d-3 under
the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company’s
then outstanding securities;

 

(b) during any period of two
consecutive years, individuals who at the beginning of such period constitute the Board, and any new director (other than a director whose
initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of
directors or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board) whose election
by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors
then still in office who either were directors at the beginning of the two-year period or whose election or nomination for election was
previously so approved, cease for any reason to constitute at least a majority of the Board;

 

(c) consummation of a merger
or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities
of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into
voting securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the Company or such
surviving entity outstanding immediately after such merger or consolidation; provided, however, that a merger or consolidation effected
to implement a recapitalization of the Company (or similar transaction) in which no Person (other than those covered by the exceptions
in Section 11.2(a)) acquires more than 50% of the combined voting power of the Company’s then outstanding securities shall not constitute
a Change in Control of the Company; or

 

(d) a complete liquidation or
dissolution of the Company or the consummation of a sale or disposition by the Company of all or substantially all of the Company’s
assets other than the sale or disposition of all or substantially all of the assets of the Company to a Person or Persons who beneficially
own, directly or indirectly, 50% or more of the combined voting power of the outstanding voting securities of the Company at the time
of the sale.

 

Notwithstanding the foregoing, with respect to
any Award that is characterized as “nonqualified deferred compensation” within the meaning of Section 409A of the Code, an
event shall not be considered to be a Change in Control under the Plan for purposes of payment of such Award unless such event is also
a “change in ownership,” a “change in effective control” or a “change in the ownership of a substantial
portion of the assets” of the Company within the meaning of Section 409A of the Code.

 

    24

     

    

 

Article
XII

TERMINATION OR AMENDMENT OF PLAN

 

Notwithstanding any other
provision of the Plan, the Board may at any time, and from time to time, amend, in whole or in part, any or all of the provisions of the
Plan (including any amendment deemed necessary to ensure that the Company may comply with any regulatory requirement referred to in Article
XIV or Section 409A of the Code or any other relevant tax regime), or suspend or terminate it entirely, retroactively or otherwise; provided,
however, that, unless otherwise required by law or specifically provided herein, the rights of a Participant with respect to Awards granted
prior to such amendment, suspension or termination, may not be impaired without the consent of such Participant and, provided further,
that no amendment may be made without the approval of the holders of the Company’s Common Stock entitled to vote in accordance with
applicable law if such approval is necessary to comply with any tax or regulatory requirement applicable to the Plan (including, without
limitation, as necessary to comply with any rules or requirements of any securities exchange or inter-dealer quotation system on which
the shares of Common Stock may be listed or quoted). Notwithstanding anything herein to the contrary, the Board may amend the Plan or
any Award Agreement at any time without a Participant’s consent to comply with applicable law including Section 409A of the Code
or any other relevant tax regime or pursuant to (a) any right that the Company may have under any Company recoupment policy or other agreement
or arrangement with a Participant, or (b) any right or obligation that the Company may have regarding the clawback of “incentive-based
compensation” under Section 10D of the Exchange Act and any applicable rules and regulations promulgated thereunder from time to
time by the U.S. Securities and Exchange Commission. The Committee may amend the terms of any Award theretofore granted, prospectively
or retroactively, but, subject to Article IV or as otherwise specifically provided herein, no such amendment or other action by the Committee
shall impair the rights of any holder without the holder’s consent.

 

Article
XIII

UNFUNDED STATUS OF PLAN

 

The Plan is intended to constitute
an “unfunded” plan for incentive and deferred compensation. With respect to any payment as to which a Participant has a fixed
and vested interest but which are not yet made to a Participant by the Company, nothing contained herein shall give any such Participant
any right that is greater than those of a general unsecured creditor of the Company.

 

Article
XIV

GENERAL PROVISIONS

 

14.1 Legend.
The Committee may require each Person receiving shares of Common Stock pursuant to a Stock Option or other Award under the Plan to represent
to and agree with the Company in writing that the Participant is acquiring the shares without a view to distribution thereof. In addition
to any legend required by the Plan, the certificates for such shares may include any legend that the Committee deems appropriate to reflect
any restrictions on Transfer. All certificates for shares of Common Stock delivered under the Plan shall be subject to such stop transfer
orders and other restrictions as the Committee may deem advisable under the rules, regulations and other requirements of the Securities
and Exchange Commission, any stock exchange upon which the Common Stock is then listed or any national securities exchange system upon
whose system the Common Stock is then quoted, any applicable federal or state securities law, and any applicable corporate law, and the
Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions.

 

    25

     

    

 

14.2 Other Plans.
Nothing contained in the Plan shall prevent the Board from adopting other or additional compensation arrangements, subject to stockholder
approval if such approval is required, and such arrangements may be either generally applicable or applicable only in specific cases.

 

14.3 No Right to Employment/Directorship/Consultancy.
Neither the Plan nor the grant of any Option or other Award hereunder shall give any Participant or other employee, Consultant or Non-Employee
Director any right with respect to continuance of employment, consultancy or directorship by the Company or any Affiliate, nor shall there
be a limitation in any way on the right of the Company or any Affiliate by which an employee is employed or a Consultant or Non-Employee
Director is retained to terminate such employment, consultancy or directorship at any time.

 

14.4 Withholding of
Taxes. The Company shall have the right to deduct from any payment to be made pursuant to the Plan, or to otherwise require, prior
to the issuance or delivery of shares of Common Stock or the payment of any cash hereunder, payment by the Participant of, any federal,
state or local taxes required by law to be withheld or accounted for to a tax authority. Upon the vesting of Restricted Stock (or other
Award that is taxable upon vesting), upon making an election under Section 83(b) of the Code, or exercise of an Option, a Participant
shall pay all required withholding to the Company. Any minimum statutorily required withholding obligation with regard to any Participant
may be satisfied, subject to the consent of the Committee, by reducing the number of shares of Common Stock otherwise deliverable or by
delivering shares of Common Stock already owned. Any fraction of a share of Common Stock required to satisfy such tax obligations shall
be disregarded and the amount due shall be paid instead in cash by the Participant. The shares of Common Stock used for tax or other withholding
will be valued at an amount equal to the fair market value of such shares of Common Stock on the date the benefit is to be included in
Participant’s income. In no event will the fair market value of the shares of Common Stock to be withheld and delivered pursuant
to this Section 14.4 exceed the maximum amount required to be withheld, unless (a) an additional amount can be withheld and not result
in adverse accounting consequences, (b) such additional withholding amount is authorized by the Committee, and (c) the total amount withheld
does not exceed the Participant’s estimated tax obligations attributable to the applicable transaction.

 

14.5 No Assignment of
Benefits. No Award or other benefit payable under the Plan shall, except as otherwise specifically provided by law or permitted
by the Committee, be Transferable in any manner, and any attempt to Transfer any such benefit shall be void, and any such benefit shall
not in any manner be liable for or subject to the debts, contracts, liabilities, engagements or torts of any Person who shall be entitled
to such benefit, nor shall it be subject to attachment or legal process for or against such Person.

 

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14.6 Listing and Other
Conditions.

 

(a) Unless otherwise determined
by the Committee, as long as the Common Stock is listed on a national securities exchange or system sponsored by a national securities
association, the issuance of shares of Common Stock pursuant to an Award shall be conditioned upon such shares being listed on such exchange
or system. The Company shall have no obligation to issue such shares unless and until such shares are so listed, and the right to exercise
any Option or other Award with respect to such shares shall be suspended until such listing has been effected.

 

(b) If at any time counsel to
the Company shall be of the opinion that any sale or delivery of shares of Common Stock pursuant to an Option or other Award is or may
in the circumstances be unlawful or result in the imposition of excise taxes on the Company under the statutes, rules or regulations of
any applicable jurisdiction, the Company shall have no obligation to make such sale or delivery, or to make any application or to effect
or to maintain any qualification or registration under the Securities Act or otherwise, with respect to shares of Common Stock or Awards,
and the right to exercise any Option or other Award shall be suspended until, in the opinion of said counsel, such sale or delivery shall
be lawful or will not result in the imposition of excise taxes on the Company.

 

(c) Upon termination of any
period of suspension under this Section 14.6, any Award affected by such suspension which shall not then have expired or terminated shall
be reinstated as to all shares available before such suspension and as to shares which would otherwise have become available during the
period of such suspension, but no such suspension shall extend the term of any Award.

 

(d) A Participant shall be required
to supply the Company with certificates, representations and information that the Company requests and otherwise cooperate with the Company
in obtaining any listing, registration, qualification, exemption, consent or approval the Company deems necessary or appropriate.

 

14.7 Governing Law.
The Plan and actions taken in connection herewith shall be governed and construed in accordance with the laws of the State of Delaware,
regardless of the law that might otherwise govern under applicable Delaware principles of conflict of laws, except to the extent that
the laws of Ireland mandatorily apply.

 

14.8 Jurisdiction; Waiver
of Jury Trial. Any suit, action or proceeding with respect to the Plan or any Award Agreement, or any judgment entered by any
court of competent jurisdiction in respect of any thereof, shall be resolved only in the courts of the State of Delaware or the United
States District Court for the District of Delaware and the appellate courts having jurisdiction of appeals in such courts. In that context,
and without limiting the generality of the foregoing, the Company and each Participant shall irrevocably and unconditionally (a) submit
in any proceeding relating to the Plan or any Award Agreement, or for the recognition and enforcement of any judgment in respect thereof
(a “Proceeding”), to the exclusive jurisdiction of the courts of the State of Delaware, the court of the United
States of America for the District of Delaware, and appellate courts having jurisdiction of appeals from any of the foregoing, and agree
that all claims in respect of any such Proceeding shall be heard and determined in such Delaware State court or, to the extent permitted
by law, in such federal court, (b) consent that any such Proceeding may and shall be brought in such courts and waives any objection that
the Company and each Participant may now or thereafter have to the venue or jurisdiction of any such Proceeding in any such court or that
such Proceeding was brought in an inconvenient court and agree not to plead or claim the same, (c) waive all right to trial by jury in
any Proceeding (whether based on contract, tort or otherwise) arising out of or relating to the Plan or any Award Agreement, (d) agree
that service of process in any such Proceeding may be effected by mailing a copy of such process by registered or certified mail (or any
substantially similar form of mail), postage prepaid, to such party, in the case of a Participant, at the Participant’s address
shown in the books and records of the Company or, in the case of the Company, at the Company’s principal offices, attention General
Counsel, and (e) agree that nothing in the Plan shall affect the right to effect service of process in any other manner permitted by the
laws of the State of Delaware.

 

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14.9 Construction.
Wherever any words are used in the Plan in the masculine gender they shall be construed as though they were also used in the feminine
gender in all cases where they would so apply, and wherever words are used herein in the singular form they shall be construed as though
they were also used in the plural form in all cases where they would so apply. To the extent required by local law or exchange requirements,
and to the extent applicable in the context, references to “purchase” (and derivations of such term) in this Plan shall include
references to “subscribe” (and derivations of such term).

 

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

 

14.11 Costs.
The Company shall bear all expenses associated with administering the Plan, including expenses of issuing Common Stock pursuant to Awards
hereunder. Notwithstanding the foregoing, Participants shall bear all brokerage fees attributable to exercise of Stock Options.

 

14.12 No Right to Same
Benefits. The provisions of Awards need not be the same with respect to each Participant, and such Awards to individual Participants
need not be the same in subsequent years.

 

14.13 Death/Disability.
The Committee may in its discretion require the transferee of a Participant to supply it with written notice of the Participant’s
death or Disability and to supply it with a copy of the will (in the case of the Participant’s death) or such other evidence as
the Committee deems necessary to establish the validity of the transfer of an Award. The Committee may also require that the agreement
of the transferee to be bound by all of the terms and conditions of the Plan.

 

14.14 Section 16(b)
of the Exchange Act. All elections and transactions under the Plan by Persons subject to Section 16 of the Exchange Act involving
shares of Common Stock are intended to comply with any applicable exemptive condition under Rule 16b-3. The Committee may establish and
adopt written administrative guidelines, designed to facilitate compliance with Section 16(b) of the Exchange Act, as it may deem necessary
or proper for the administration and operation of the Plan and the transaction of business thereunder.

 

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14.15 Section 409A of
the Code. The Plan is intended to comply with or be exempt from the applicable requirements of Section 409A of the Code and shall
be limited, construed and interpreted in accordance with such intent. To the extent that any Award is subject to Section 409A of the Code,
it shall be paid in a manner that will comply with Section 409A of the Code, including proposed, temporary or final regulations or any
other guidance issued by the Secretary of the Treasury and the Internal Revenue Service with respect thereto. Notwithstanding anything
herein to the contrary, any provision in the Plan that is inconsistent with Section 409A of the Code shall be deemed to be amended to
comply with Section 409A of the Code and to the extent such provision cannot be amended to comply therewith, such provision shall be null
and void. The Company shall have no liability to a Participant, or any other party, if an Award that is intended to be exempt from, or
compliant with, Section 409A of the Code is not so exempt or compliant or for any action taken by the Committee or the Company and, in
the event that any amount or benefit under the Plan becomes subject to penalties under Section 409A of the Code, responsibility for payment
of such penalties shall rest solely with the affected Participants and not with the Company. Notwithstanding any contrary provision in
the Plan or Award Agreement, any payment(s) of “nonqualified deferred compensation” (within the meaning of Section 409A of
the Code) that are otherwise required to be made under the Plan to a “specified employee” (as defined under Section 409A of
the Code) as a result of such employee’s separation from service (other than a payment that is not subject to Section 409A of the
Code) shall be delayed for the first six (6) months following such separation from service (or, if earlier, the date of death of the specified
employee) and shall instead be paid (in a manner set forth in the Award Agreement) upon expiration of such delay period.

 

14.16 Successor and
Assigns. The Plan shall be binding on all successors and permitted assigns of a Participant, including, without limitation, the
estate of such Participant and the executor, administrator or trustee of such estate.

 

14.17 Severability of
Provisions. If any provision of the Plan shall be held invalid or unenforceable, such invalidity or unenforceability shall not
affect any other provisions hereof, and the Plan shall be construed and enforced as if such provisions had not been included.

 

14.18 Payments to Minors,
Etc. Any benefit payable to or for the benefit of a minor, an incompetent Person or other Person incapable of receipt thereof
shall be deemed paid when paid to such Person’s guardian or to the party providing or reasonably appearing to provide for the care
of such Person, and such payment shall fully discharge the Committee, the Board, the Company, its Affiliates and their employees, agents
and representatives with respect thereto.

 

14.19 Headings and Captions.
The headings and captions herein are provided for reference and convenience only, shall not be considered part of the Plan, and shall
not be employed in the construction of the Plan.

 

14.20 Company Recoupment
of Awards. A Participant’s rights with respect to any Award hereunder shall in all events be subject to (i) any right that
the Company may have under any Company recoupment policy or other agreement or arrangement with a Participant, or (ii) any right or obligation
that the Company may have regarding the clawback of “incentive-based compensation” under Section 10D of the Exchange Act and
any applicable rules and regulations promulgated thereunder from time to time by the U.S. Securities and Exchange Commission.

 

    29

     

    

 

14.21 Stock-Based Awards
in Substitution for Stock Options or Awards Granted by Other Company. Notwithstanding anything in this Plan to the contrary:

 

(a) Awards may be granted under
this Plan in substitution for or in conversion of, or in connection with an assumption of, stock options, stock appreciation rights, restricted
stock, restricted stock units or other stock or stock-based awards held by awardees of an entity engaging in a corporate acquisition or
merger transaction with the Company or any Subsidiary. Any conversion, substitution or assumption will be effective as of the close of
the merger or acquisition, and, to the extent applicable, will be conducted in a manner that complies with Section 409A of the Code. The
awards so granted may reflect the original terms of the awards being assumed or substituted or converted for and need not comply with
other specific terms of this Plan, and may account for Common Stock substituted for the securities covered by the original awards and
the number of shares subject to the original awards, as well as any exercise or purchase prices applicable to the original awards, adjusted
to account for differences in stock prices in connection with the transaction.

 

(b) In the event that a company
acquired by the Company or any Subsidiary or with which the Company or any Subsidiary merges has shares available under a pre-existing
plan previously approved by stockholders and not adopted in contemplation of such acquisition or merger, the shares available for grant
pursuant to the terms of such plan (as adjusted, to the extent appropriate, to reflect such acquisition or merger) may be used for awards
made after such acquisition or merger under the Plan; provided, however, that awards using such available shares may not be made after
the date awards or grants could have been made under the terms of the pre-existing plan absent the acquisition or merger, and may only
be made to individuals who were not employees or directors of the Company or any Subsidiary prior to such acquisition or merger.

 

(c) Any Common Stock that is
issued or transferred by, or that is subject to any awards that are granted by, or become obligations of, the Company under Sections 14.22(a)
or 14.22(b) above will not reduce the Common Stock available for issuance or transfer under the Plan or otherwise count against the limits
contained in Section 4.1 of the Plan. In addition, no Common Stock that is issued or transferred by, or that is subject to any awards
that are granted by, or become obligations of, the Company under Sections 14.22(a) or 14.22(b) above will be added to the aggregate plan
limit contained in Section 4.1 of the Plan.

 

14.22 Persons Residing
Outside of Ireland or the United States. Notwithstanding any provision of the Plan to the contrary, in order to comply with the
laws in other countries in which the Company or any of its Affiliates operates or has employees, the Committee, in its sole discretion,
shall have the power and authority to determine which Affiliates shall be covered by the Plan; determine which persons employed outside
the United States are eligible to participate in the Plan; amend or vary the terms and provisions of the Plan and the terms and conditions
of any Award granted to persons who reside or provide services outside Ireland or the United States; establish sub-plans and modify
exercise procedures and other terms and procedures to the extent such actions may be necessary or advisable for legal, tax or administrative
reasons - any sub-plans and modifications to Plan terms and procedures established under this Section 14.22 by the Committee shall be
attached to the Plan document as appendices; and take any action, before or after an Award is made, that it deems advisable to obtain
or comply with any necessary local government regulatory or tax exemptions or approvals. Notwithstanding the above, the Committee may
not take any actions hereunder, and no Awards shall be granted, that would violate the Exchange Act, the Code, any securities law or governing
statute.

 

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Article
XV

EFFECTIVE DATE OF PLAN

 

The Plan shall become effective
on December 22, 2021, which is the date of approval of the Plan by the shareholders of the Company in accordance with the requirements
of the laws of Ireland.

 

Article
XVI

TERM OF PLAN

 

No Award shall be granted
pursuant to the Plan on or after the tenth anniversary of the earlier of the date that the Plan is adopted or the date of stockholder
approval, but Awards granted prior to such tenth anniversary may extend beyond that date.

 

Article
XVII

NAME OF PLAN

 

The Plan shall be known as
the “Ads-Tec Energy Public Limited Company 2021 Omnibus Incentive Plan.”

 

 

31Exhibit 4.18

 

EXECUTION VERSION

 

SPECIAL ELIGIBILITY AGREEMENT FOR SECURITIES

 

Irish Shares and Irish Warrants – ads
tec Energy plc

 

SPECIAL ELIGIBILITY AGREEMENT FOR SECURITIES,
dated as of 22 December, 2021 (as amended, modified or supplemented, this “Agreement”), among The Depository Trust
Company (“DTC”), Cede & Co. (“Cede”), National Securities Clearing Corporation (“NSCC”),
ads-tec Energy plc, a public limited company incorporated under the laws of Ireland (the “Issuer”), and Continental
Stock Transfer & Trust Company, a New York limited purpose trust company, acting as a transfer agent for the Issuer (the “Transfer
Agent”).

 

WHEREAS, DTC may accept certain foreign securities
as eligible for its depository and book-entry transfer services to the extent such securities are issued and offered in conformity with
the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the “Securities Act”),
and subject to the rules, procedures and by-laws of DTC (the “DTC Rules”), including, without limitation, its “Operational
Arrangements Necessary for Securities to Become and Remain Eligible for DTC Services” dated January 2021 (as amended from time to
time, the “OA”), and subject to such other agreements and conditions as DTC may determine;

 

WHEREAS, securities (including foreign securities)
eligible for the depository and book-entry transfer services of DTC are registered in the name of Cede as the nominee for DTC;

 

WHEREAS, NSCC may provide clearing services subject
to the rules and procedures of NSCC (the “NSCC Rules”), and subject to such other agreements and conditions as NSCC
may determine, for securities which are eligible for the depository and book-entry transfer services of DTC and registered in the name
of Cede;

 

WHEREAS, as of the date hereof, the Issuer is
authorized under the laws of Ireland to issue (i) 25,000 ordinary shares, €1.00 par value per share (such class of ordinary shares,
the “Existing Shares”), (ii) 500,000,000 ordinary shares, US$0.0001 par value per share, CUSIP # G0085J 117 /IE000DU292E6
(such class of ordinary shares with such CUSIP number, the “Ordinary Shares”) and (iii) 100,000,000 Preferred Shares,
US$0.0001 par value per share (“Preference Shares”);

 

WHEREAS, the Issuer issued 25,000 Existing Shares
in connection with the formation of the Issuer;

 

WHEREAS, the Issuer will issue up to 24,124,565
Ordinary Shares (such number of Ordinary Shares, the “Merger Shares”) to the shareholders of European Sustainable Growth
Acquisition Corp., a Cayman Islands exempted company (“EUSG”), and warrants of EUSG will be automatically adjusted
to become warrants to purchase 11,662,487 Ordinary Shares (such warrants with CUSIP # G0085J 109/ IE000SY2QWR8, the “Parent Warrants”),
in connection with the merger (the “Merger”) of EUSG with and into EUSG II Corporation, a Cayman Islands exempted company
and wholly owned subsidiary of the Issuer (“Merger Sub”), with Merger Sub being the surviving entity of the Merger
and a wholly owned subsidiary of the Issuer;

 

WHEREAS, immediately after the consummation of
the Merger, Bosch Thermotechnik GmbH (“Bosch”) will transfer to the Issuer certain shares of ads-tec Energy GmbH, based
in Nürtingen and entered in the commercial register of the Stuttgart Local Court under HRB 762810 (“ADSE”) (the
“Bosch Acquisition”) in exchange for Twenty Million Euro (€20,000,000) multiplied by an exchange rate provided
for in the agreement entered into to give effect to the Business Combination (as defined below).

 

     

    	 

    

 

WHEREAS, concurrently with the Bosch Acquisition,
ads-tec Holding GmbH based in Nürtingen and entered in the commercial register of the Stuttgart Local Court under HRB 224527 (“ADSH”)
and Bosch will transfer, as contribution, to the Issuer, certain shares of ADSE in exchange for Ordinary Shares (the “Share-for-Share
Exchange” and, together with the Merger and the Bosch Acquisition, the “Business Combination”);

 

WHEREAS, as a result of the Business Combination,
the Issuer Parent will become a publicly-traded company and EUSG will cease to exist upon merging with and into Merger Sub, and ADSE will
become a wholly-owned subsidiary of the Issuer and the current security holders of ADSE and EUSG will become the security holders of the
Issuer;

 

WHEREAS, the Issuer has filed a registration statement
on Form F-4, dated 18 October 2021 (as amended, the “Registration Statement”) with the Securities and Exchange Commission
in connection with the issuance of the Merger Shares and the automatic adjustment of warrants of EUSG (which are currently held by Cede
and registered in the name of Cede, as nominee for DTC) to become Parent Warrants, which was declared effective by the Securities and
Exchange Commission on December 7, 2021;

 

WHEREAS, in connection with the transactions contemplated
hereby, up to 4,870,815 of the Merger Shares (such number of Merger Shares, the “Transaction Shares”) will be issued
to Cede, as nominee for DTC, and registered in the name of Cede in accordance with the procedures set forth in Appendix 1 hereto, and
up to 7,187,487 of the Parent Warrants (such number of Parent Warrants, the “Transaction Warrants”) will, upon adjustment,
continue to be held by Cede, as nominee for DTC, and will be registered in the name of Cede in accordance with the procedures set forth
in Appendix 1 hereto;

 

WHEREAS, up to 19,253,750 Merger Shares and up
to 4,475,000 Parent Warrants (other than Transaction Shares and Transaction Warrants) and the Ordinary Shares issued pursuant to the Share-for-Share
Exchange (such Merger Shares and Ordinary Shares issued pursuant to the Share-for-Share Exchange and Parent Warrants, the “Direct
Shares” and “Direct Warrants”) may, on or after the date hereof, be transferred to Cede, as nominee for DTC,
and registered in the name of Cede;

 

WHEREAS, in connection with the Merger, the Existing
Shares shall be converted and re-designated into deferred shares and surrendered to the Issuer as treasury shares;

 

WHEREAS, the Issuer may, from time to time, issue
additional Ordinary Shares (“Additional Shares” and, together with the Transaction Shares and the Direct Shares, the
“Irish Shares”) and additional warrants to purchase Ordinary Shares (“Additional Warrants” and, together
with the Transaction Warrants and the Direct Warrants, the “Irish Warrants”);

 

WHEREAS, the Issuer and the Transfer Agent wish to make the Irish Shares
and Irish Warrants eligible for the depository and book-entry transfer services of DTC;

 

WHEREAS, (a) after Irish Shares and Irish Warrants
are issued or transferred to Cede, as nominee for DTC, DTC will credit interests in such Irish Shares and Irish Warrants to DTC Participants,
and (b) after interests in the Irish Shares and Irish Warrants are credited to DTC Participants, such DTC Participants may transfer or
pledge such interests to other DTC Participants or may pledge such interests to certain non-DTC Participants by instructing DTC to make
the appropriate book entries necessary to record such transfer or pledge;

 

    2

    	 

    

 

WHEREAS, issues or transfers of the Irish Shares
and Irish Warrants, and agreements to transfer the Irish Shares and Irish Warrants might, without special arrangements and under certain
circumstances, be subject to Irish stamp duty pursuant to the Stamp Duties Consolidation Act, 1999 (as amended) of Ireland (the “Stamp
Acts”), or any new, replacement or amending legislation thereto or any other transfer or documentary tax, charge, duty or levy
imposed from time to time in Ireland (any such tax, an “Irish Tax”) or elsewhere (any such tax, together with Irish
Tax, a “Tax”);

 

WHEREAS, DTC, Cede and NSCC (collectively, the
“DTC Parties”) would not provide any services with respect to the Irish Shares and Irish Warrants or otherwise act
with respect to the Irish Shares and Irish Warrants if any of the DTC Parties might be liable for any Tax;

 

WHEREAS, the Issuer has concluded with the Revenue
Commissioners of Ireland (the “Irish Revenue”) a composition agreement pursuant to section 5 of the Stamp Acts (the
“Composition Agreement”), under which the Issuer has assumed the obligation of paying the liability for any Irish stamp
duty with respect to the Irish Shares and Irish Warrants on the Relevant Transfers (as defined in the Composition Agreement); and

 

WHEREAS, to assure the DTC Parties that they will
not be liable for any Tax under any circumstances, and to make such other provisions with respect to the Irish Shares and Irish Warrants
as the DTC Parties may require, the Issuer and the Transfer Agent have agreed to execute, deliver and perform this Agreement.

 

NOW, THEREFORE, in consideration of the premises
and the mutual covenants herein contained, on the terms and conditions herein set forth, the parties hereto agree as follows:

 

1. Defined
Terms: Terms defined herein shall have the meanings provided herein. Terms not otherwise defined herein (including in the recitals
hereto) shall have the meanings provided in the DTC Rules. For the purposes of this Agreement, references to a person being liable for
any Tax shall include a person being accountable for any Tax (or the equivalent in any jurisdiction outside of Ireland).

 

2. Eligibility
Request:

 

a. The
Issuer and the Transfer Agent hereby request that (i) DTC accept the Irish Shares and Irish Warrants for eligibility in accordance with
the DTC Rules on the date hereof for effect (A) on and as of the date hereof in respect of the Transaction Shares and Transaction
Warrants and (B) on one or more effective dates on or after the date hereof in respect of any Direct Shares, Additional Shares, Direct
Warrants or Additional Warrants (the applicable effective date in this clause (i), being hereinafter referred to as the applicable “Service
Start Date”) and (ii) on the applicable Service Start Date, such Transaction Shares, Direct Shares, Additional Shares Transaction
Warrants, Direct Warrants and Additional Warrants, as the case may be, shall be eligible for the depository and book-entry transfer services
of DTC, and DTC shall, in accordance with the DTC Rules, allocate an appropriate number of Irish Shares and Irish Warrants to DTC Participants.

 

    3

    	 

    

 

b. DTC
hereby agrees that the Irish Shares and Irish Warrants shall be eligible from and after the date hereof for effect and allocation on the
applicable Service Start Date, subject to and in accordance with the DTC Rules and the further terms and conditions of this Agreement,
including the terms and conditions to eligibility set forth in Sections 3 and 4 below.

 

3. Conditions
to Initial Eligibility: For the Irish Shares and Irish Warrants to be accepted by DTC as eligible on and as of the date hereof for
effect and allocation on the applicable Service Start Date, the DTC Parties shall have received, on or prior to the date hereof, the following,
each in form and substance satisfactory to the DTC Parties, in their sole discretion:

 

a. Confirmation
from the Irish Revenue, addressed to Arthur Cox LLP acting for the DTC Parties, in substantially the form of Exhibit A hereto,
that the DTC Parties shall not be liable for any Tax with respect to the Irish Shares or Irish Warrants.

 

b. Confirmation
from the Irish Revenue, addressed to Arthur Cox LLP, Irish legal counsel to the Issuer, in substantially the form of Exhibit B-1
hereto, and a copy of the Composition Agreement between the Issuer and the Irish Revenue, in substantially the form of Exhibit B-2
hereto, which demonstrate, to the satisfaction of the DTC Parties, that the DTC Parties shall not be liable for any Irish stamp duty with
respect to any transactions in the Irish Shares or Irish Warrants.

 

c. A
legal opinion letter, from Arthur Cox LLP, Irish legal counsel to the Issuer, in substantially the form of Exhibit C hereto, relating
to such matters of Irish law as the DTC Parties may require.

 

d. A
legal opinion letter, from Reed Smith LLP, United States (“U.S.”) counsel to the Issuer, in substantially the form
of Exhibit D hereto, relating to such matters of U.S. Federal and New York law as the DTC Parties may require.

 

e. A
legal opinion letter, from Hodgson Russ LLP, U.S. counsel to the Transfer Agent, in substantially the form of Exhibit E hereto,
relating to such matters of U.S. Federal and New York law as the DTC Parties may require.

 

f. Payment,
in immediately available funds, of the invoices (“Invoices”) of the DTC Parties (delivered no later than three (3)
business days prior to the date hereof) containing a good faith estimate of the fees, costs and expenses incurred by the DTC Parties in
connection with the transactions contemplated hereby, in accordance with the terms of the Fee Letter (as such term is defined below).
Following consummation of the transactions contemplated hereby, the DTC Parties will reconcile the fees, costs and expenses set forth
in the Invoices against the actual fees, costs and expenses incurred by the DTC Parties. If, based on such reconciliation (i) any additional
amounts are due and owing to the DTC Parties, the DTC Parties shall provide the Issuer with an invoice therefor and the Issuer shall pay
such invoice promptly following receipt thereof or (ii) an overpayment was made by the Issuer, then the DTC Parties shall promptly pay,
or shall arrange for the prompt payment of, the amount of such overpayment to the Issuer.

 

    4

    	 

    

 

4. Condition
Subsequent for Continuing Eligibility of the Irish Shares and/or Irish Warrants: Subject to the provisions of this Agreement, the
Irish Shares and/or Irish Warrants shall be eligible for the depository and book-entry transfer services of DTC only so long as (i) none
of the confirmations or legal opinion letters provided for in Section 3 above or elsewhere in this Agreement shall have been withdrawn
following receipt thereof, (ii) the Composition Agreement remains in full force and effect, (iii) subject to Section 8(b.) below,
none of the DTC Parties shall be, or be deemed to be, liable for any Tax with respect to the Irish Shares and/or Irish Warrants, including,
without limitation, with respect to the registration of the Irish Shares and/or Irish Warrants in the name of Cede, the issue of the Irish
Shares and/or Irish Warrants to Cede, the transfer of, or agreement to transfer, the Irish Shares and/or Irish Warrants to or from Cede,
the deposit and withdrawal of the Irish Shares and/or Irish Warrants to or from DTC, the transfer of, or agreement to transfer, interests
in the Irish Shares and/or Irish Warrants (whether on the books of DTC or otherwise), and the processing of transactions in the Irish
Shares and/or Irish Warrants by NSCC, and provided (iv) the Issuer and/or the Transfer Agent take any steps reasonably required by the
DTC Parties following a notification made pursuant to Section 6(q.) below to ensure the DTC Parties shall not be held liable for any Tax.

 

5. Representations
and Warranties of the Issuer and the Transfer Agent: In order to induce DTC to make the Irish Shares and Irish Warrants eligible for
its depository and book-entry transfer services and to allocate the Irish Shares and Irish Warrants to DTC Participants on the applicable
Service Start Date, to induce Cede to hold legal title to the Irish Shares and Irish Warrants and to induce NSCC to provide its clearing
services with respect to the Irish Shares and Irish Warrants, each of the Issuer and the Transfer Agent, as to itself and, as applicable,
as to the Irish Shares and Irish Warrants, hereby represents and warrants to the DTC Parties (1) as of the date hereof with respect to
the Transaction Shares and the Transaction Warrants, (2) as of the applicable Service Start Date with respect to any other Irish Shares
and/or Irish Warrants sought to be made eligible hereunder, and (3) as of the date of re-deposit with respect to any Irish Shares and/or
Irish Warrants subsequently withdrawn from DTC that are sought to be re-deposited with DTC (except, as to subsection (b.) below, which
only the Transfer Agent so represents and warrants, and, except, as to subsections (a.) and (j.) below, which only the Issuer so represents
and warrants, and except to the extent any representation or warranty speaks as of another date, in which case such representation or
warranty shall be applied as of such other date) that:

 

		a.	(i) The Issuer is a public limited company duly incorporated, validly existing and in good standing
                                                          under the laws of Ireland and has full power and authority to conduct its business as and to the extent now conducted, to execute
                                                          and deliver this Agreement and to perform its obligations hereunder.

 

(ii) The
execution and delivery of this Agreement and the performance by the Issuer of its obligations hereunder have been duly and validly authorized
by all necessary corporate action on the part of the Issuer. This Agreement has been duly and validly executed by the Issuer and constitutes
a legal, valid and binding obligation of the Issuer enforceable against the Issuer in accordance with its terms, except as such enforceability
may be limited by (A) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of
creditors’ rights generally and (B) general principles of equity (regardless of whether such enforceability is considered in a proceeding
in equity or at law).

 

    5

    	 

    

 

(iii) The
execution, delivery and performance by the Issuer of this Agreement does not (A) contravene, result in a breach of, or constitute a default
under, or result in the creation of any lien in respect of any property of the Issuer under, any constituent document of the Issuer or
any contract or instrument to which the Issuer is bound or by which any of its property may be bound or affected, (B) violate, conflict
with or result in a breach of any of the terms, conditions or provisions of any order, judgment, decree, or ruling of any court, arbitrator
or governmental authority applicable to the Issuer or (C) violate any provision of any statute or other rule or regulation of any governmental
authority applicable to the Issuer.

 

(iv) No
consent, sanction or approval of, filing or registration with, or notice to, any governmental authority or third party (other than those
that have been received, made or obtained) is necessary in connection with, or is a condition precedent to, the execution and delivery
of this Agreement by the Issuer or the performance by the Issuer of its obligations hereunder and those contemplated hereby.

 

		b.	(i)The Transfer Agent is a New York limited purpose trust company duly organized, validly existing
and in good standing under the laws of New York and has full power and authority to conduct its business as and to the extent now conducted,
to execute and deliver this Agreement and to perform its obligations hereunder.

 

(ii) The
execution and delivery of this Agreement and the performance by the Transfer Agent of its obligations hereunder have been duly and validly
authorized by all necessary corporate action on the part of the Transfer Agent. This Agreement has been duly and validly executed by the
Transfer Agent and constitutes a legal, valid and binding obligation of the Transfer Agent enforceable against the Transfer Agent in accordance
with its terms, except as such enforceability may be limited by (A) applicable bankruptcy, insolvency, reorganization, moratorium or other
similar laws affecting the enforcement of creditors’ rights generally and (B) general principles of equity (regardless of whether
such enforceability is considered in a proceeding in equity or at law).

 

(iii) The
execution, delivery and performance by the Transfer Agent of this Agreement does not (A) contravene, result in a breach of, or constitute
a default under, or result in the creation of any lien in respect of any property of the Transfer Agent under, any constituent document
of the Transfer Agent or any contract or instrument to which the Transfer Agent is bound or by which any of its property may be bound
or affected, (B) violate, conflict with or result in a breach of any of the terms, conditions or provisions of any order, judgment, decree,
or ruling of any court, arbitrator or governmental authority applicable to the Transfer Agent or (C) violate any provision of any statute
or other rule or regulation of any governmental authority applicable to the Transfer Agent.

 

(iv) No
consent, sanction or approval of, filing or registration with, or notice to, any governmental authority or third party (other than those
that have been received, made or obtained) is necessary in connection with, or is a condition precedent to, the execution and delivery
of this Agreement by the Transfer Agent or the performance by the Transfer Agent of its obligations hereunder and those contemplated hereby.

 

    6

    	 

    

 

c. Its
requests, instructions and other actions with respect to each of the deposit of the Irish Shares and Irish Warrants with DTC, the allocation
of the Irish Shares and Irish Warrants to DTC Participants and the processing of transactions in the Irish Shares and Irish Warrants through
the facilities of DTC and NSCC, are in compliance with the DTC Rules, the NSCC Rules, the U.S. Federal securities laws and the laws of
Ireland.

 

d. It
complies in all material respects with all applicable securities laws of the United States, any state or local jurisdiction thereof, and
of Ireland, and all rules and regulations promulgated thereunder, in each case with respect to the Irish Shares and Irish Warrants. The
Registration Statement is effective as of the date hereof, and the offering of the Merger Shares and the Parent Warrants to U.S. investors
in connection with the Business Combination has been duly registered under the Securities Act and in respect of the offering of the Merger
Shares and the Parent Warrants to European Economic Area (“EEA”) investors, a prospectus approved by the relevant competent
authority in accordance with the Prospectus Regulation (Regulation (EU) 2017/1129 of the European Parliament and of the Council) (as amended)
and implementing national law is not required. No stop order suspending the effectiveness of the Registration Statement has been issued
and no proceedings for the purpose of issuing such a stop order are pending or, to its knowledge, threatened by the Securities and Exchange
Commission. At such time as any Irish Shares and/or Irish Warrants are sought to be deposited with DTC hereunder, such securities shall
have been duly registered under the Securities Act and, to the extent required, a prospectus approved by the relevant competent authority
in accordance with the Prospectus Regulation (Regulation (EU) 2017/1129 of the European Parliament and of the Council) (as amended) and
implementing national law shall have been published (and passported into any other relevant EEA jurisdiction) or such Irish Shares and/or
Irish Warrants shall have been issued under an applicable exemption therefrom that does not involve (or, from and after the applicable
Service Start Date, will not involve) transfer or ownership restrictions, and such shares shall be freely transferable under the U.S.
Federal securities laws and the laws of Ireland.

 

e. The
information it provided to the DTC Parties with respect to the Issuer and the Irish Shares and Irish Warrants , including, without limitation,
all such information provided in the Registration Statement with respect to the Issuer and the Irish Shares and Irish Warrants, is true,
accurate and complete in all material respects as of the date hereof or, in the case of information provided after the date hereof, shall
be true, accurate and complete in all material respects as of the date such information is provided.

 

f. The
Issuer and the Transfer Agent have taken all necessary steps for the Transfer Agent to act as the transfer agent for the Irish Shares
and Irish Warrants.

 

g. The
Transaction Shares and the Direct Shares are, and any Additional Shares shall be, when issued, duly issued, fully paid and non-assessable,
and upon the registration of any Irish Shares and/or Irish Warrants by the Transfer Agent in the name of Cede (which, for the avoidance
of doubt, includes any registration in connection with a re-deposit with DTC of Irish Shares and/or Irish Warrants that were withdrawn
from DTC), Cede, acting as nominee for DTC, shall acquire full legal title thereto, subject to no adverse claim, lien, or other interest
in or right to such Irish Shares and/or Irish Warrants of any person other than Cede acting as nominee for DTC.

 

    7

    	 

    

 

h. No
Irish Shares or Irish Warrants are deposited with, or registered in the name of, any depository or nominee thereof other than DTC or Cede
(any such depository or nominee, an “Other Depository,” which term shall include, without limitation, The Canadian
Depository for Securities Ltd., CDS Clearing and Depository Services Inc. and any nominee thereof).

 

i. None
of the registration of the Irish Shares and/or Irish Warrants in the name of Cede, the issue of the Irish Shares and/or Irish Warrants
to Cede (including the continued holding of the Transaction Warrants by Cede upon their adjustment), the transfer of, or any agreement
to transfer, the Irish Shares and/or Irish Warrants to or from Cede, the deposit or withdrawal of the Irish Shares and/or Irish Warrants
with or from DTC, the transfer of, or agreement to transfer, interests in the Irish Shares and/or Irish Warrants (whether on the books
of DTC or otherwise) or the processing of transactions in the Irish Shares and/or Irish Warrants by NSCC shall subject any of the DTC
Parties to any Tax.

 

j. The
Issuer has been advised by its legal counsel as to whether the initial deposit with DTC of the Transaction Shares and Transaction Warrants
is or forms part of a “reportable cross-border arrangement” within the meaning of Council Directive 2018/822/EU of 25 May
2018 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable
cross-border arrangements (“DAC 6”) or any legislation implementing DAC 6 in Ireland or Germany (each “DAC6
Rules”) (a “Reportable CBA”). Based on such advice, the initial deposit with DTC of the Transaction
Shares and Transaction Warrants should not be a Reportable CBA.

 

6. Covenants
of the Issuer and the Transfer Agent. In order to induce DTC to make the Irish Shares and Irish Warrants eligible for its depository
and book-entry transfer services and to allocate the Irish Shares and Irish Warrants to DTC Participants on the applicable Service Start
Date, to induce Cede to hold legal title to the Irish Shares and Irish Warrants and to induce NSCC to provide its clearing services with
respect to the Irish Shares and Irish Warrants, each of the Issuer and the Transfer Agent, as to itself and, as applicable, as to the
Irish Shares and Irish Warrants, hereby covenants with the DTC Parties for so long as any Irish Shares and/or Irish Warrants are registered
in the name of Cede (except, as to subsections (f.) and (m.(i)) below, which only the Transfer Agent so covenants, and, except, as to
subsections (i.), (j.), (l.), (m.(ii)), (p.) and (q.), (r.) and (s.) below, which only the Issuer so covenants) that:

 

a. It
does not, and shall not, engage in, or cause to occur, any transaction in the Irish Shares or Irish Warrants through the facilities of
DTC or NSCC in violation of any of the DTC Rules, NSCC Rules, U.S. Federal securities laws or the laws of Ireland.

 

b. Irish
Shares and/or Irish Warrants that are not freely transferable under the U.S. Federal securities laws and the laws of Ireland shall not
be deposited with DTC hereunder and (i) all certificates or electronic records evidencing such Irish Shares and Irish Warrants shall bear
appropriate restrictive legends or the electronic equivalents that reflect such restrictions, and (ii) such restrictive legends or electronic
equivalents shall not be removed therefrom except pursuant to the Transfer Agent’s reasonable and customary procedures designed
to verify the proper legal basis for such removal, including, where appropriate, verification by valid legal opinion letters from independent
counsel to the Issuer in support of such removal. The Irish Shares and Irish Warrants do not constitute American Depositary Receipts or
Depositary Shares under the U.S. Federal securities laws.

 

    8

    	 

    

 

c. It
complies, and shall continue to comply with the NSCC Rules and the DTC Rules applicable to the Irish Shares and Irish Warrants, including,
but not limited to, the requirements set forth in the OA, in each case, as they may be amended from time to time.

 

d. It
agrees to and shall be bound by all representations to be made by an issuer and/or transfer agent, as applicable, as set forth in the
OA, and agrees to comply with all covenants and obligations applicable to an issuer and/or transfer agent, as applicable, as set forth
in the OA, each of which is incorporated by reference as if stated in full herein.

 

e. It
complies in all material respects with all applicable laws relating to taxation and money laundering relating to or in respect of the
Irish Shares and/or Irish Warrants for which it could reasonably be expected to cause any of the DTC Parties to become liable, as well
as sanctions administered and enforced by the Office of Foreign Assets Control (“OFAC”), The United Nations Security
Council, the European Union and any other regulatory authority having jurisdiction over it (collectively, the “Authorities”)
and shall not conduct any transaction or activity through any of the DTC Parties that violates sanctions administered and enforced by
any of the Authorities.

 

f. The
Transfer Agent has implemented a risk-based program reasonably designed to comply with applicable OFAC sanctions regulations.

 

g. All
services performed with respect to the Irish Shares and Irish Warrants through the facilities of DTC and NSCC, including, without limitation,
clearance, settlement and asset servicing, shall be denominated solely in U.S. dollars.

 

h. It
shall not conduct any transaction or activity with respect to the Irish Shares and/or Irish Warrants through any of the DTC Parties in
any currency other than U.S. dollars.

 

i. The
Issuer shall notify the DTC Parties promptly upon its becoming aware of (i) the publication of draft legislation or the enactment of final
legislation to amend or replace the Stamp Acts or any other legislation relating to Irish Tax in Ireland or (ii) any change in or proposed
change to any published practice or published guidance of the Irish Revenue, in each case that could reasonably be expected to cause any
of the DTC Parties to become liable for Irish Tax or subject any of the DTC Parties to any obligation relating to Irish Tax, in each case,
in relation to or in respect of the Irish Shares and/or Irish Warrants. The Issuer shall notify the DTC Parties promptly upon its becoming
aware of any proposed amendment or modification to, or termination of, the Composition Agreement.

 

j. The
Issuer shall provide the DTC Parties with copies of (i) all correspondence received from the Irish Revenue in respect of (A) any matter
that could give rise to any of the DTC Parties becoming liable for Irish Tax or any obligation relating to Irish Tax (including, for the
avoidance of doubt, an obligation to make any filings with the Irish Revenue or keep any records for the purposes of Irish Tax), in each
case, in relation to or in respect of the Irish Shares and/or Irish Warrants or (B) any proposed amendment or modification to, or termination
of, the Composition Agreement or this Agreement and (ii) drafts of all correspondence to the Irish Revenue in respect of (A) or (B) in
advance of submission. The Issuer shall afford the DTC Parties the opportunity to comment on all such correspondence to the Irish Revenue
and shall incorporate all reasonable comments suggested by the DTC Parties, so long as such comments are not materially prejudicial to
the interests of the Issuer, as determined in good faith by the Issuer in consultation with its outside counsel.

 

    9

    	 

    

 

k. No
transfer of Irish Shares or Irish Warrants to Cede (which, for the avoidance of doubt, includes any transfer in connection with a re-deposit
with DTC of Irish Shares and/or Irish Warrants that were withdrawn from DTC) shall take place and no instrument for the transfer of Irish
Shares or Irish Warrants to Cede shall be created or fail to be created unless such transfer or the creation or non-creation of such instrument
shall be in accordance with the Composition Agreement.

 

l. The
Issuer agrees to pay DTC’s standard fees for supplying information on Participants’ positions in connection with any requests
made by the Issuer for such information pursuant to the Issuer’s constitution or the laws of Ireland.

 

		m.	(i) The Transfer Agent shall notify the DTC Parties as far in advance as is reasonably practicable,
                                                          but in no event later than seventy two (72) hours prior to the time it deposits any Irish Shares and/or Irish Warrants with, or
                                                          registers any Irish Shares and/or Irish Warrants in the name of, any Other Depository.

 

(ii) The
Issuer shall notify the DTC Parties as far in advance as is reasonably practicable, but in no event later than seventy two (72) hours
prior to the time it deposits any Irish Shares and/or Irish Warrants with any Other Depository.

 

n. The
Transfer Agent shall not cease to act, and the Issuer shall not cause the Transfer Agent to cease to act, as the transfer agent for any
Irish Shares or Irish Warrants unless the Transfer Agent and the Issuer (i) provide DTC with two (2) months’ prior notice thereof
and (ii) cooperate reasonably in transferring the obligations of the Transfer Agent to a successor transfer agent reasonably satisfactory
to DTC and such that the DTC Parties shall continue to not be liable for any Irish Tax in respect of the issue or transfer of any Irish
Shares or Irish Warrants to Cede. Notwithstanding the foregoing, if the Transfer Agent resigns without a successor transfer agent reasonably
satisfactory to DTC being appointed (and, without prejudice to the foregoing, no successor transfer agent shall be reasonably satisfactory
to DTC unless the DTC Parties continue not to be liable for any Irish Tax in respect of or in relation to the Irish Shares or Irish Warrants),
then DTC and NSCC may restrict all transactions in the Irish Shares and/or Irish Warrants and/or cause the Irish Shares and/or Irish Warrants
to be excluded from some or all services of either and/or withdrawn from DTC; provided that, to the extent practicable and legally permissible
under the circumstances, and not materially prejudicial to the interests of any of the DTC Parties, in each case as reasonably determined
by the DTC Parties in good faith, the DTC Parties shall provide the Issuer with reasonable advance written notice of any such actions.

 

o. The
Issuer and the Transfer Agent shall notify the DTC Parties prior to depositing any Irish Shares or Irish Warrants with DTC hereunder (which,
for the avoidance of doubt, includes any re-deposit with DTC of Irish Shares and/or Irish Warrants that were withdrawn from DTC) if, at
such time, (i) any condition to eligibility hereunder or under the DTC Rules is not met, (ii) any representation or warranty of such party
is not, or, after giving effect to such deposit, would not be, true and correct, or (iii) such party is not, or, after giving effect to
such deposit, would not be, in compliance with any covenant or other obligation hereunder.

 

p. The
Issuer shall notify the DTC Parties (i) as far in advance as is reasonably practicable before, and in any event no later than (60) days
before, the Irish Shares and/or Irish Warrants cease to be listed on NASDAQ or the New York Stock Exchange, and (ii) promptly following
its receipt of any notification from NASDAQ or the New York Stock Exchange regarding the possible delisting of the Irish Shares or Irish
Warrants.

 

q. If
the Issuer intends to, or otherwise will, change its legal status (for example, from a public limited company to another type of company,
including a Societas Europaea), the Issuer shall notify DTC and its legal counsel, currently Arnold & Porter Kaye Scholer LLP and
Arthur Cox LLP, at least forty five (45) days before the earliest possible effective date of the change of legal status to allow the DTC
Parties to consider the steps that may need to be taken by the Issuer and/or the Transfer Agent to enable the Irish Shares and Irish Warrants
to remain eligible for the depository and book-entry transfer services of DTC and not give rise to a charge to Tax.

 

r. If
the initial deposit with DTC of the Transaction Shares and/or Transaction Warrants is or forms part of a Reportable CBA, the Issuer shall
make (or shall cause to be made) any filings required under any DAC6 Rules in respect of that Reportable CBA.

 

 

    10

    	 

    

 

s. The
Issuer shall procure advice from its legal counsel as to whether any arrangement entered into by the Issuer or in respect of which the
Issuer is an intermediary within the meaning of the DAC6 Rules (an “Intermediary”), at any time, in respect of the
Irish Shares and / or Irish Warrants is a DTC Reportable CBA (as defined below) or requires any reporting to the Irish Revenue pursuant
to Section 78H of the Stamp Duties Consolidation Act, 1999 (as amended) (“SDCA”) as a result of the Irish Shares being
held in Euroclear and what, if any, filings are required under any DAC6 Rules or under Section 78H of the SDCA in relation to the Irish
Shares being held in Euroclear. If (i) any deposit, at any time, with DTC of Irish Shares or Irish Warrants that are not Transaction Shares
or Transaction Warrants, (ii) the withdrawal from DTC of Irish Shares or Irish Warrants, (iii) the processing of transactions in Irish
Shares or Irish Warrants by NSCC, or (iv) any Irish Shares or Irish Warrants held with DTC is or forms part of a Reportable CBA (each
a “DTC Reportable CBA”) entered into by the Issuer or in respect of which the Issuer is an Intermediary, or
requires any reporting to be made to the Irish Revenue or records to be kept as a result of the Irish Shares being held in Euroclear,
the Issuer shall make (or shall cause to be made) any filings required under any DAC6 Rules in respect of that DTC Reportable CBA and,
in the case of any reports or filings to be made to the Irish Revenue pursuant to Section 78H of the SDCA in respect of the holding of
the Irish Shares in Euroclear, the Issuer shall procure the preparation and maintenance of such information and reports and filings. The
Issuer shall notify the DTC Parties promptly upon its becoming actually aware of any arrangement in respect of the Irish Shares and/or
Irish Warrants which is a DTC Reportable CBA (but which the Issuer itself has not entered into and in respect of which it is not an Intermediary).

 

t. If
the initial deposit with DTC of the Transaction Shares and/or Transaction Warrants is or forms part of a Reportable CBA, the Issuer shall
notify the DTC Parties no later than 30 days after the initial deposit with DTC of the Transaction Shares and/or Transaction Warrants,
that a filing is required under any DAC6 Rules in respect of the initial deposit with DTC of the Transaction Shares and/or Transaction
Warrants.

 

u. The
Issuer shall provide the DTC Parties, promptly after any filing is made in respect of the initial deposit with DTC of Transaction Shares
and/or Transaction Warrants or in respect of a DTC Reportable CBA (and, in either case, no later than 30 days after such filing is made),
a copy of the reference number and details of such filings.

 

7. Undertaking
and Indemnification:

 

a. The
Issuer undertakes to the DTC Parties to (i) pay any Tax (and any interest, charge, penalty, or the like, payable in respect of any Tax)
imposed on or incurred by any of the DTC Parties relating to the Irish Shares and/or Irish Warrants (whether as the transferee liable
for payment therefor or otherwise) to the relevant governmental authority responsible for the administration, imposition or collection
of such Tax (a governmental authority responsible for the administration, imposition or collection of a Tax, a “Taxing Authority”)
at such time as such Tax is required to be paid under applicable laws, including, without limitation, any Tax relating to the registration
of the Irish Shares and/or Irish Warrants in the name of Cede, the issue of the Irish Shares and/or Irish Warrants to Cede (including
the continued holding of the Transaction Warrants by Cede upon their adjustment), the transfer of, or any agreement to transfer, the Irish
Shares and/or Irish Warrants to or from Cede, the deposit and withdrawal of the Irish Shares and/or Irish Warrants to or from DTC, the
transfer of, or agreement to transfer, interests in the Irish Shares and/or Irish Warrants (whether on the books of DTC or otherwise)
or the processing of transactions in the Irish Shares and/or Irish Warrants by NSCC; and (ii) subject to Section 7(d.), deal promptly
on behalf of itself and all of the DTC Parties (with the DTC Parties providing such cooperation (at the Issuer’s expense) as the
Issuer may reasonably request) in respect of any administrative dealing or correspondence with a Taxing Authority arising in relation
to the Composition Agreement or the Irish Shares and/or Irish Warrants, provided, however, that the Issuer shall consult
in advance with the DTC Parties before engaging in any such dealing or correspondence that could give rise to any liability of the DTC
Parties for Tax, and provided further that, notwithstanding anything else in this Section 7 to the contrary, the Issuer shall not be liable
to the DTC Parties for any interest, charge, penalty, or the like, to the extent such amount is determined by a final non-appealable judgment
of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of any of the DTC Parties.

 

    11

    	 

    

 

b. The
Issuer and the Transfer Agent (together, the “Indemnitors”) shall jointly and severally indemnify the DTC Parties and
their affiliates (together, the “Indemnitees”) for, and shall hold each of them harmless from and against, and, subject
to the further provisions below, shall undertake to pay forthwith upon demand, any loss, cost, expense, liability or damage imposed on
or incurred by any Indemnitee arising out of this Agreement, including, without limitation, (i) the eligibility request set forth in Section
2 above, (ii) any nonfulfillment of or failure to perform any condition set forth in Sections 3 or 4 above, or (iii) any breach of any
representation, warranty, covenant or undertaking of the Issuer or the Transfer Agent set forth in Sections 5, 6 or 7(a.) above (except
that, as to Sections 5(b.), 6(f.) and 6(m.(i)) above, only the Transfer Agent shall so indemnify, and, as to Sections 5(a.), 6(i.), 6(j.),
6(l.), 6(m.(ii)), 6(p.) and 6(q.) above, only the Issuer shall so indemnify, and the Indemnitee may bring a claim relating thereto only
against the applicable Indemnitor that has so failed to perform or is in breach of such respective provisions, and in that respect the
applicable Indemnitor shall be severally and not jointly liable), or (iv) in connection with (x) any failure by the Issuer to comply with
its obligations under any DAC6 Rules in respect of any DTC Reportable CBA which the Issuer has entered into or in respect of which it
is an Intermediary; or (y) any failure by the Issuer to comply with its obligations with respect to DAC6 under this Agreement; or (z)
any administrative dealing or correspondence with a Taxing Authority arising as a result of the Irish Shares being held in Euroclear or
in relation to any DAC6 Rules in respect of the initial deposit with DTC of the Transaction Shares and any DTC Reportable CBA, provided,
that no Indemnitee will be entitled to indemnification hereunder to the extent such loss, cost, expense, liability or damage is (i) determined
by a final nonappealable judgment of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct
of any Indemnitee or (ii) Tax imposed on or calculated by reference to the net income received or receivable by an Indemnitee.

 

c. In
the event that an Indemnitee should have a claim against either or both of the Indemnitors under this Section 7 (an “Indemnity
Claim”), the Indemnitee shall deliver a notice of such Indemnity Claim (“Claim Notice”) to the Indemnitors,
setting forth in reasonable detail the nature and estimated amount (determined reasonably and in good faith) of the Tax or other loss,
cost, expense, liability or damage eligible for indemnification imposed on or incurred by (or reasonably expected to be imposed on or
incurred by) the Indemnitee with respect to such Indemnity Claim and a reasonable explanation of the basis for the Claim Notice to the
extent of the facts then known by the Indemnitee. The Indemnitee shall provide a Claim Notice to the Indemnitors as soon as reasonably
practicable (but in any case, no later than thirty (30) days) after the Indemnitee has received notice or otherwise learns of the claim;
provided, however, that, in the case of a claim from which an appeal cannot be made after thirty (30) days from the date
of notice thereof, the Indemnitee shall provide a Claim Notice to the Indemnitors within 12 Business Days after the Indemnitee has received
such notice and no delay or deficiency on the part of the Indemnitee in so notifying the Indemnitors will relieve the Indemnitors of any
liability under this Agreement except to the extent such delay or deficiency materially prejudices the rights of the Indemnitors with
respect thereto. The Indemnitors shall, on demand, at the option of the Indemnitee, either pay the amount shown in the Claim Notice on
behalf of the Indemnitee or reimburse the Indemnitee for any such amounts paid by the Indemnitee on its own behalf (collectively, the
“Payment Obligation”), and the full payment of all such amounts included in its Payment Obligation shall be a precondition
to an Indemnitor’s right to dispute any amount included in a Claim Notice. If, following the full payment of all amounts included
in its Payment Obligation, an Indemnitor delivers a notice to the Indemnitees that the Indemnitor disputes the Indemnity Claim, and such
notice is delivered within thirty (30) days of the Indemnitee’s delivery of the Claim Notice, the Indemnitors and the Indemnitees
shall proceed in good faith to negotiate a resolution of such dispute (the “Dispute”) for a period of at least thirty
(30) days. If the Dispute remains unresolved at the end of such thirty (30) day period, and unless otherwise agreed by the parties, such
claim shall be resolved by a court of competent jurisdiction (the “Court”). After (i) any determination by the Court
shall have become final and binding and the time in which to appeal therefrom has expired or such determination is not appealable, or
(ii) the settlement of the Dispute, if (a) any further amount is due and owing to the Indemnitee(s) by the Indemnitors with respect to
the Dispute, the Indemnitee(s) shall provide notice thereof to the Indemnitors and the Indemnitors shall pay on demand such amount or
(b) if an overpayment was made to the Indemnitee(s) by the Indemnitors, the Indemnitors shall provide notice thereof to the Indemnitee(s)
and the Indemnitee(s) shall pay on demand such amount.

 

    12

    	 

    

 

d. In
the event of the commencement of any judicial or administrative proceeding (“Proceeding”) by a third party (including,
without limitation, by a Taxing Authority) in respect of any Tax (or any interest, charge, penalty, or the like, payable in respect of
any Tax) relating to or in respect of the Irish Shares and/or Irish Warrants that includes an Indemnitee in any capacity, such Indemnitee
shall promptly deliver notice of such Proceeding to the Indemnitors (a “Proceeding Notice”). At the request of the
Indemnitors made within ten (10) days after delivery of a Proceeding Notice, which request may be made only if, and so long as, the Indemnitors
are current in their Payment Obligations with respect to such Proceeding, the Indemnitees shall contest such Proceeding in good faith.
The Indemnitees shall have the right, exercisable in their sole discretion and at the expense of the Indemnitors, to defend and control
the contest of such Proceeding with counsel and/or other professionals of their choice and reasonably satisfactory to the Issuer (it being
agreed that Arnold & Porter Kaye Scholer LLP and Arthur Cox LLP are satisfactory to the Issuer). However, if, and so long as, the
Indemnitors are current in their Payment Obligations with respect to such Proceeding, the Indemnitors may participate in such Proceeding
with counsel and/or other professionals of their choice and at their own expense. Each Indemnitee and Indemnitor that is a party hereto
agrees that it shall, and shall cause its respective affiliates to, cooperate reasonably with the other Indemnitees and Indemnitors in
connection with the investigation, defense and prosecution of any Proceedings. To the extent practicable and legally permissible under
the circumstances, and not materially prejudicial to the interests of any of the DTC Parties, in each case as reasonably determined by
the DTC Parties in good faith, the DTC Parties (i) shall not deliver any document or other written materials to any Taxing Authority in
connection with a Proceeding without the consent (not to be unreasonably withheld or delayed) of the Indemnitors and (ii) shall not have,
or allow any of their affiliates to have, any ex parte discussion with any relevant Taxing Authority in connection with a Proceeding.
If, and so long as, the Indemnitors are current in their Payment Obligations, an Indemnitee may not settle any Proceeding without the
consent of the Indemnitors, which consent shall not be unreasonably withheld or delayed; provided that, if it would be prejudicial
to the interests of the Indemnitee, as determined by the Indemnitee in good faith, to seek such consent from the Indemnitors, the Indemnitee
shall only be required to consult with the Indemnitors prior to settling the Proceeding. After (i) any determination has been made pursuant
to a Proceeding and the time in which to appeal therefrom has expired or such determination is not appealable, or (ii) the settlement
of a Proceeding, if (a) any further amount is due and owing to the Indemnitee(s) by the Indemnitors with respect to the Proceeding, the
Indemnitee(s) shall provide notice thereof to the Indemnitors and the Indemnitors shall pay on demand such amount or (b) an overpayment
was made to the Indemnitee(s) by the Indemnitors, the Indemnitors shall provide notice thereof to the Indemnitee(s) and the Indemnitee(s)
shall pay on demand such amount.

 

e. In
the event of a successful claim by the Indemnitees pursuant to this Section 7 and to the extent that an Indemnitor determines (acting
reasonably) there are grounds to seek reimbursement or a refund from a third party in respect of such amount (including, without limitation,
a Taxing Authority in respect of Tax), the Indemnitees shall take such reasonable actions and provide such cooperation to the Indemnitor
as that Indemnitor may reasonably request (and at that Indemnitor’s expense) for the purpose of seeking such reimbursement or refund
from the third party in question (including, without limitation, a Taxing Authority), and, to the extent that such reimbursement or refund
is received by the Indemnitee, the Indemnitee shall pay (as soon as reasonably practicable and after deduction of any costs and expenses
incurred by the Indemnitee in providing such cooperation) an amount equal to the reimbursement or refund to the Indemnitor, provided,
nothing herein shall require the Indemnitees to breach any obligations of confidentiality as may exist between the Indemnitees and a Taxing
Authority.

 

8. Restrictive
Measures That May be Taken by the DTC Parties:

 

a. Notwithstanding
anything to the contrary provided herein, and without any liability on the part of any of the DTC Parties (except in the case of gross
negligence or willful misconduct on the part of any of the DTC Parties), any of the DTC Parties may take any restrictive measures with
respect to the Irish Shares and/or Irish Warrants as the DTC Rules or the NSCC Rules (as applicable) provide.

 

b. If,
at any time, a DTC Party determines, in its sole discretion acting in good faith, that a Tax liability relating to or in respect of the
Irish Shares and/or Irish Warrants might arise for which any of the DTC Parties are liable, then, notwithstanding anything to the contrary
provided herein or in the DTC Rules or the NSCC Rules (as applicable), and without any liability on the part of any of the DTC Parties
(except in the case of gross negligence or willful misconduct on the part of any of the DTC Parties):

 

(i) DTC,
in its sole discretion, may impose a global lock on the Irish Shares and/or Irish Warrants, otherwise limit transactions in the Irish
Shares and/or Irish Warrants, or cause the Irish Shares and/or Irish Warrants to be withdrawn;

 

(ii) NSCC,
in its sole discretion, may exclude the Irish Shares and/or Irish Warrants from its Continuous Net Settlement (CNS) service or any other
service; and

 

(iii) any
of the DTC Parties may take any other restrictive measures with respect to the Irish Shares and/or Irish Warrants as it, in its sole discretion,
may deem necessary and appropriate,

 

    13

    	 

    

 

provided, that, (A) to the extent practicable
and legally permissible under the circumstances, and not prejudicial to the interests of any of the DTC Parties, in each case as reasonably
determined by the DTC Parties in good faith, the DTC Parties shall provide the Issuer and the Transfer Agent with reasonable advance written
notice of any action to be taken pursuant to Section 8(a.) or this Section 8(b.) and shall cooperate with the Issuer and the Transfer
Agent to mitigate the effects of such actions on the Issuer, the Transfer Agent, DTC Participants and NSCC Members, (B) if (1) the Issuer
has paid promptly upon demand of the DTC Parties or irrevocably committed (under arrangements reasonably satisfactory to the DTC Parties)
to pay the Tax liability and any costs and expenses incurred by, or reasonably expected to be incurred by, the DTC Parties in connection
therewith and (2) no reasonable risk of Tax liability remains uncured at the end of the advance notice period provided pursuant to the
preceding clause (A), if any, then no action shall be taken pursuant to this Section 8(b.) and (C) if the risk of Tax liability relates
only to specific Irish Shares and/or Irish Warrants, then any action taken pursuant to this Section 8(b.) shall not apply to, and shall
not affect any other Irish Shares and/or Irish Warrants.

 

9. Notices:
All notices, requests and other communications hereunder must be in writing and shall be deemed to have been duly given when delivered
personally, by overnight courier, by facsimile (with confirmation by the transmitting equipment) or by electronic mail at the following
addresses:

 

If to the Issuer, to:

 

ads-tec Energy plc

10 Earlsfort Terrace

Dublin 2

D02 T380

Ireland

Attention: Pieter Taselaar

Email: PTaselaar@lucernecap.com

 

With a copy to:

 

Arthur Cox

Ten Earlsfort Terrace

Dublin 2

D02 T380

Ireland

Attention: Connor Manning

Email: connor.manning@arthurcox.com

 

If to the Transfer Agent, to:

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, NY 10004

Attn: Francis Wolf & Patrick Small

E-mail: fwolf@continentalstock.com /

psmall@continentalstock.com

 

With a copy to:

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, NY 10004

Attention: Margaret Villani and Ian Mckay

E-mail: mvillani@continentalstock.com

imckay@continentalstock.com

 

    14

    	 

    

 

If to any of the DTC Parties, to:

 

The Depository Trust Company

55 Water Street

New York, New York 10041

Attention: John Faith

Email: seasteam@dtcc.com

 

With copies to:

 

The Depository Trust & Clearing Corporation

55 Water Street

New York, New York 10041

Attention: General Counsel’s Office

Email: seasteam@dtcc.com

 

and

 

The Depository Trust & Clearing Corporation

570 Washington Boulevard

Jersey City, New Jersey 07310

Attention: General Counsel’s Office

Email: seasteam@dtcc.com

 

and

 

Arnold & Porter Kaye Scholer LLP

250 West 55th Street

New York, New York 10019

Attention: Mark I. Sokolow and William D. Becker

Email: DTCSEAS@arnoldporter.com

 

All such notices, requests and other communications
shall be effective upon delivery. Any party hereto may from time to time change its address, or other information for the purpose of notices
to that party by giving notice specifying such change to the other parties. Notwithstanding anything to the contrary herein provided,
service of process shall not be effective unless made in accordance with Section 17 or applicable law.

 

10. Costs
and Expenses: Subject to the Fee Letter dated 3 November 2021 among DTC, NSCC, the Issuer, EUSG and the Transfer Agent (the “Fee
Letter”), providing for certain costs and expenses of the DTC Parties to be reimbursed by the Issuer, EUSG and the Transfer
Agent, and except as provided in Sections 7, 8 and 14, each party shall be liable for its own costs and expenses hereunder; provided
that, the Issuer and Transfer Agent agree to reimburse the DTC Parties, within thirty (30) days following receipt of an invoice, for
the reasonable fees and costs of counsel to the DTC Parties and any other reasonable costs and expenses incurred by the DTC Parties after
the date hereof arising out of or in connection with any amendment, modification, waiver or consent to, of or under this Agreement, the
enforcement or protection of rights in connection with this Agreement, and any legal opinion letter provided, or any notification made,
pursuant to this Agreement.

 

    15

    	 

    

 

11. Term
of Agreement; Termination: This Agreement shall continue in effect so long as any of the Irish Shares and/or Irish Warrants are registered
in the name of Cede. In the event of any action by any of the DTC Parties pursuant to Section 8 above with respect to all of the Irish
Shares and Irish Warrants, this Agreement may be terminated by the DTC Parties upon reasonable advance written notice to the Issuer and
the Transfer Agent, to the extent such advance notice is practicable and legally permissible under the circumstances and not prejudicial
to the interests of any of the DTC Parties, in each case as reasonably determined by the DTC Parties in good faith. If the Composition
Agreement shall be terminated, this Agreement shall terminate upon the termination of the Composition Agreement.

 

12. Survival:
Section 7 above shall survive the termination of this Agreement indefinitely.

 

13. Entire
Agreement; Severability: Subject to the OA, the DTC Rules, the NSCC Rules and the Fee Letter, this Agreement shall constitute the
entire agreement of the parties hereto with respect to the subject matter hereof; provided, however, in the event of any
conflict between this Agreement and any provision of the OA, the DTC Rules or the NSCC Rules as of the date hereof, the provisions of
this Agreement shall control. Any provision of this Agreement held to be invalid, illegal or unenforceable shall be ineffective to the
extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining
provisions hereof.

 

14. Assignment:

 

a. This
Agreement may not be assigned or otherwise transferred by the Issuer or the Transfer Agent without the prior written consent of DTC. This
Agreement may be assigned by any DTC Party, without the written consent of the other parties, to any affiliate or to any successor assuming
substantially all of the business of such DTC Party (in each case, a “DTC Transfer”), subject to the remaining provisions
of this Section 14. Each such DTC Transfer shall be to an affiliate or successor that is eligible for exemption from Tax liability on
the same basis as such assigning or transferring DTC Party or pursuant to an alternative exemption, unless (i) such DTC Transfer is requested
or required by a governmental authority or (ii) such DTC Party reasonably determines in good faith that such DTC Transfer is in the best
interests of such DTC Party and/or its affiliates or participants. If such DTC Transfer is to an affiliate or successor that is not so
eligible, then (without prejudice to any other provision hereof), the DTC Parties may terminate this Agreement and DTC may exit the Irish
Shares and Irish Warrants, in each case without any further obligation on the part of any of the DTC Parties.

 

b. To
the extent practicable and legally permissible under the circumstances, and not prejudicial to the interests of any of the DTC Parties,
in each case as reasonably determined by the DTC Parties in good faith, the DTC Parties (i) shall give the Issuer and the Transfer Agent
reasonable advance written notice of any assignment of this Agreement by any DTC Party or any termination of this Agreement by the DTC
Parties pursuant to this Section 14, and (ii) shall (at the cost of the Issuer and the Transfer Agent) reasonably cooperate with the Issuer
and the Transfer Agent to mitigate the effects of such actions on the Issuer, the Transfer Agent, DTC Participants and NSCC Members. If
DTC exercises its right to exit the Irish Shares and Irish Warrants pursuant to this Section 14, the Issuer and the Transfer Agent hereby
agree to waive any right to appeal such termination under and pursuant to the DTC Rules or the NSCC Rules.

 

    16

    	 

    

 

15. Amendment:
This Agreement may not be amended without the written consent of each of the parties hereto; provided, however, that this Agreement
shall be deemed to be automatically amended by any amendment to the OA, the DTC Rules or the NSCC Rules to the extent applicable to the
subject matter hereof without the written consent of the Issuer or the Transfer Agent.

 

16. Governing
Law; Jurisdiction: This Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable
to a contract executed and performed in such State, without giving effect to any conflicts of laws principles thereof that would cause
the application of any law of any jurisdiction other than the State of New York. Each party hereby irrevocably submits to the exclusive
jurisdiction of the United States District Court for the Southern District of New York or any court of the State of New York located in
the Borough of Manhattan in the City of New York in any action or proceeding arising out of or relating to this Agreement or any of the
transactions contemplated hereby, and agrees that any such action or proceeding shall be brought only in such courts. Each party hereby
irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue
of any such action or proceeding brought in such courts or any claim that any such action or proceeding brought in such courts has been
brought in an inconvenient forum.

 

17. Agent
for Service:

 

a. The
Issuer irrevocably appoints Reed Smith LLP to be its agent for the service of process in New York. The Issuer agrees that any Service
Document (as defined below) may be effectively served on it in connection with any proceeding in New York by service on its agent.

 

b. Any
Service Document shall be deemed to have been duly served if marked for the attention of Reed Smith LLP, attention Lynwood E. Reinhardt,
Esq. and Michael S. Lee, Esq. at 599 Lexington Avenue, New York, NY 10022 or such other address within New York as the Issuer may, by
notice to the DTC Parties, designate and:

 

(i) delivered
to the specified address; or

 

(ii) sent
to the specified address by first class mail, postage pre-paid.

 

In the case of (i.), the Service Document shall
be deemed to have been duly served when so delivered. In the case of (ii.), the Service Document shall be deemed to have been duly served
three (3) days after the date of mailing.

 

c. If
the agent at any time ceases for any reason to act as such, the Issuer shall appoint a replacement agent having an address for service
in New York and shall notify the DTC Parties of the name and address of the replacement agent. Failing such appointment and notification,
the DTC Parties shall be entitled by notice to the Issuer to appoint a replacement agent to act on the Issuer’s behalf. The provisions
of this Section 17 applying to service on an agent apply equally to service on a replacement agent.

 

d. A
copy of any Service Document served on the agent shall be sent by first class mail to the Issuer. Failure or delay in so doing shall not
prejudice the effectiveness of service of the Service Document.

 

e. “Service
Document” means a writ, summons, order, judgment or other document relating to or issued in connection with any proceeding.

 

18. Further
Actions: The Issuer and the Transfer Agent hereby agree to execute and deliver any additional documents and take any other further
actions reasonably requested by the DTC Parties that are necessary or desirable to give effect to any of the foregoing or to carry out
the intent and accomplish the purposes of this Agreement and the transactions contemplated hereby.

 

19. Execution
and Delivery: This Agreement may be executed in one or more counterparts hereof (and by the different parties on different counterparts),
each of which shall constitute an original and all of which taken together shall constitute a single agreement. Delivery of an executed
counterpart of the signature page of this Agreement by facsimile transmission or by electronic transmission of a PDF copy thereof shall
be effective as delivery of a manually signed counterpart. This Agreement shall be effective as of the date first set forth above when
each party shall have received a counterpart signature page of the other party and the Agreement is and may be deemed to be fully executed
in accordance with the foregoing.

 

[Remainder of page intentionally left blank.]

 

    17

    	 

    

 

IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be duly signed on behalf of such parties by their respective authorized officers or representatives
as of the day and year first set forth above.

 

	THE DEPOSITORY TRUST COMPANY	 
	 	 
	By:	/s/ Joseph Graziano	 
	Name:	Joseph Graziano	 
	Title:	Managing Director	 

 

	CEDE & CO.	 
	 	 
	By:	/s/ Joseph Graziano	 
	Name:	 Joseph Graziano	 
	Title:	Managing Director	 

 

	NATIONAL SECURITIES CLEARING CORPORATION
	 	 
	By:	/s/ Joseph Graziano	 
	Name:	 Joseph Graziano	 
	Title:	Managing Director	 
	 	 

 

	ADS-TEC ENERGY PLC
	 	 
	By:	 /s/ Pieter Taselaar	 
	Name:	Pieter Taselaar	 
	Title: 	Director
	 

 

	CONTINENTAL STOCK TRANSFER & TRUST COMPANY
	 	 
	By:	/s/ Francis Wolf	 
	Name:	Francis Wolf	 
	Title:	Vice President	 

 

[Signature Page to Special Eligibility Agreement
for Securities – ads-tec Energy plc]

 

    18

    	 

    

 

APPENDIX 1

 

Procedures for Issuance/Registration of the
Transaction Shares and Transaction Warrants

to/with DTC

 

On the date hereof, 100% of the Transaction Shares,
constituting 4,870,815 Ordinary Shares will be issued to Cede, as nominee for DTC, and registered in the name of Cede as follows:

 

(a)  4,870,815
Ordinary Shares, representing approximately 100% of the Transaction Shares, will be credited to DTC via the FAST (Fast Automated Securities
Transfer) Program;

 

On the date hereof, 100% of the Transaction Warrants,
constituting 7,187,487 Parent Warrants will, upon adjustment, continue to be held by Cede, as nominee for DTC, and will be registered
in the name of Cede as follows:

 

(a) 7,187,487
Parent Warrants, representing approximately 100% of the Transaction Warrants, will be credited to DTC via the FAST (Fast Automated Securities
Transfer) Program;

 

 

19

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