Document:

2000 Stock Option Plan

 Exhibit 10.1 
 VITACOST.COM, INC. 2000 
 STOCK
OPTION PLAN 
  

	I.	DEFINITIONS AND PURPOSES 

  

	A.	Definitions 

 Unless otherwise specified or unless the context
otherwise requires, the following terms, as used in this Stock Option Plan, have the following meanings: 
 1. “Affiliate” means a
corporation which, for purposes of Section 422 of the Code, is a parent or subsidiary of the Corporation, direct or indirect, each as defined in Section 424 of the Code. 
 2. “Board of Directors” or “Board” means the Board of Directors of the Corporation. 
 3.
“Code” means the United States Internal Revenue Code of 1986, as such may be amended from time to time. 
 4. “Committee”
means the committee to which the Board of Directors delegates the power to act under or pursuant to the provisions of the Plan, or the Board of Directors if no committee is selected. 
 5. “Corporation” means Vitacost.com, Inc., a Delaware corporation. 
 6. “Disability” or
“Disabled” means permanent and total disability as defined in Section 22(e)(3) of the Code. 
 7. “Incentive Option”
means an Option, as identified below, which is designated by the Committee as such and which, when granted, is intended to be an “incentive stock option” as defined in Section 422 of the Code. 
 8. “Key Employee” means an employee of the Corporation or of an Affiliate, (including, without limitation, an employee who is also serving as an officer
or director of the Corporation or of an Affiliate), designated by the Board of Directors or the Committee to be eligible to be granted one or more Options under the Plan. 
 9. “Non-Key Employee” shall mean a nonemployee, director, advisor or independent contractor designated by the Board of Directors or the Committee to be eligible to be granted one or more Options under
the Plan. 
 10. “Nonstatutory Option” shall mean an Option, as defined below, which is designated by the Committee as such and which, when
granted, is not intended to be an “incentive stock option,” as defined in Code Section 422. 
 11. “Option” means a right or
option granted under the Plan. 

 12. “Option Agreement” means an agreement between the Corporation and a Participant executed and
delivered pursuant to the Plan. 
 13. “Participant” means a Key Employee to whom one or more Incentive Options or Nonstatutory Options are
granted under the Plan and a Non-Key Employee to whom one or more Nonstatutory Options are granted under the Plan. 
 14. “Plan” means this
Stock Option Plan. 
 15. “Shares” means the following shares of the capital stock of the Corporation as to which Options have been or may
be granted under the Plan: 5,000,000 authorized and unissued shares of Common Stock, $0.001 par value, including fractional shares, and any shares of capital stock into which the Shares are changed or for which they are exchanged within the
provisions of Article VI of the Plan. 
 16. “Survivors” means a deceased Participant’s legal representative and/or any person
or persons who acquired the Participant’s rights to an Option by will or by the laws of descent and distribution. 
  

	B.	Purposes of the Plan 

 The Plan is intended to encourage ownership
of Shares by Key Employees, non-employee directors and advisors in order to attract such persons, to induce such persons to remain in the employ of the Corporation or of an Affiliate, or to serve or continue to serve as an advisor to the
Corporation, and to provide additional incentive for such persons to promote the success of the Corporation or of an Affiliate. This Plan codifies the original stock option plan adopted by the shareholders of the Company, as amended at its
December 18, 1999 shareholder meeting to increase the number of shares subject to the Plan from 1,000,000 shares to 5,000,000 shares, and is hereafter referred to as the Vitacost.com, Inc. 2000 Stock Option Plan. 
  

	II.	SHARES SUBJECT TO THE PLAN 

 The aggregate number of Shares as to which
Options may be granted from time to time shall be five million (5,000,000) Shares of the authorized and unissued Common Stock, $0.001 par value, all of which shall be eligible for grant as Incentive Options or Nonstatutory Options. 

If an Option ceases to be “outstanding,” in whole or in part, the Shares which were subject to such Option shall be available for the granting of other
Options. 
 The aggregate number of Shares as to which Options may be granted shall be subject to change only by means of an amendment of the Plan duly
adopted by the Corporation and approved by the stockholders of the Corporation within one year before or after the date of the adoption of any such amendment, subject to the provisions of Article VI. 
  

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	III.	ADMINISTRATION OF THE PLAN 

 The Plan shall be administered by the Board of
Directors, except to the extent the Board of Directors delegates its authority hereunder to the Committee. Subject to the provisions of the Plan, the Board of Directors or, if such authority be delegated, the Committee, is authorized to: 

A. interpret the provisions of the Plan or of any Option or Option Agreement and to make all rules and determinations which it deems necessary or advisable for the
administration of the Plan; 
 B. determine which employees of the Corporation or of an Affiliate shall be designated as Key Employees and which of the Key
Employees shall be granted Options; 
 C. determine the Non-Key Employees to whom Nonstatutory Options shall be granted; 
 D. determine whether the Option to be granted shall be an Incentive Option or Nonstatutory Option; 
 E. determine the number of Shares for which an Option or Options shall be granted; and 
 F. specify the terms and conditions
upon which Options may be granted; provided, however, that with respect to Incentive Options, all such interpretations, rules, determinations, terms and conditions shall be made and prescribed in the context of preserving the tax status of the
Incentive Options as incentive stock options within the meaning of Section 422 of the Code. 
 All determinations of the Board of Directors, or the
Committee, if applicable, shall be made by a majority of its members. No member of the Board or the Committee shall be liable for any action or determination made in good faith with respect to the Plan or any Option. 
  

	IV.	ELIGIBILITY FOR PARTICIPATION 

 Each Participant receiving an Incentive
Option must be a Key Employee of the Corporation or of an Affiliate at the time an Incentive Option is granted. 
 The Board of Directors, or if such
authority be delegated, the Committee, may at any time and from time to time grant one or more Options to one or more Key Employees or Non-Key Employees and may designate the number of Shares to be optioned under each Option so granted; provided,
however, that no Incentive Options shall be granted after the expiration of the earlier of ten (10) years from the date of the adoption of the Plan by the Corporation or the approval of the Plan by the Stockholders of the Corporation, and
provided further, that the fair market value (determined at the time the Option is granted) of the Shares with respect to which Incentive Options are exercisable for the first time by such Key Employee during any calendar year (under the Plan and
under any other Incentive Option plan of the Corporation or an Affiliate) shall not exceed $100,000. 
 Notwithstanding the foregoing, no individual who is a
director of the Corporation or a member of the Committee shall be eligible to receive an Option under the Plan unless the granting of such Option shall be approved by the Board of Directors or the Committee, with all of the members voting thereon
being disinterested directors or members unless such vote is unanimous. For the purpose of this Article IV, a “disinterested director or member” shall be any director or member, as the case may be, who shall not then be, or at any time
within the year prior thereto have been considered to receive an Option under the Plan. 
  

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 Notwithstanding any of the foregoing provisions, the Board of Directors (or the Committee, if applicable) may authorize
the grant of an Incentive Option to a person not then in the employ of the Corporation or of an Affiliate, conditioned upon such person becoming eligible to become a Participant at or prior to the grant of such Option. 
  

	V.	TERMS AND CONDITIONS OF OPTIONS 

 The terms and conditions of each Option
shall be set forth in an Option Agreement substantially in the form hereto annexed and marked Exhibit A, duly executed on behalf of the Corporation and by the Participant to whom such Option is granted. Each such Option Agreement shall be
subject to at least the following terms and conditions: 
  

	A.	Option Price 

 The option price of each Option granted under the
Plan shall be determined by the Board of Directors (or the Committee, if such authority is delegated). The Option price per share of the Shares covered by each Nonstatutory Option shall be at such amount as may be determined by the Board of
Directors in its sole discretion on the date of the grant of the Option. In the case of an Incentive Option, if the optionee owns directly or by reason of the applicable attribution rules 10% or less of the total combined voting power of all classes
of share capital of the Corporation, the Option price per share of the Shares covered by each Incentive Option shall be not less than the fair market value per share of the Shares on the date of the grant of the Incentive Option. In all other cases
of Incentive Options, the Option price shall be not less than one hundred ten percent (110%) of the said fair market value on the date of grant. If such Shares are then listed on any national securities exchange, the fair market value shall be
the mean between the high and low sales prices, if any, on the largest such exchange on the date of the grant of the Option, or, if none, on the most recent trade date thirty (30) days or less prior to the date of the grant of the Option. If
the Shares are not then listed on any such exchange, the fair market value of such Shares shall be the closing sales price if such is reported or otherwise the mean between the closing “Bid” and the closing “Ask” prices, if any,
as reported in the Nasdaq Stock Market (“Nasdaq”) for the date of the grant of the Option, or if none, on the most recent trade date thirty (30) days or less prior to the date of the grant of the Option for which such quotations are
reported. If the Shares are not then either listed on any such exchange or quoted in Nasdaq, the fair market value shall be the mean between the average of the “Bid” and the average of the “Ask” prices, if any, as reported in the
National Daily Quotation Service for the date of the grant of the Option, or, if none, for the most recent trade date thirty (30) days or less prior to the date of the grant of the option for which such quotations are reported. If the fair
market value cannot be determined under the preceding three sentences, it shall be determined in good faith by the Board of Directors (or the Committee, if applicable). 
  

	B.	Number of Shares 

 Each Option shall state the number of Shares to
which it pertains. 
  

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	C.	Term of Option 

 Each Incentive Option shall terminate not more than
ten (10) years from the date of the grant thereof, or at such earlier time as the Option Agreement may provide, and shall be subject to earlier termination as herein provided, except that if the Option price is required under Paragraph A of
this Article V to be at least 110% of fair market value, each such Incentive Option shall terminate not more than five (5) years from the date of the grant thereof. Each Nonstatutory Option shall terminate not more than eleven
(11) years from the date of the grant thereof, or at such other earlier time as the Option Agreement may provide, and shall be subject to earlier termination as herein provided. 
  

	D.	Date of Exercise 

 Upon the authorization of the grant of an Option,
the Board of Directors (or the Committee, if applicable) may, subject to the provisions of Paragraph C of this Article V, prescribe the date or dates on which the Option becomes exercisable, and may provide that the Option rights accrue or
become exercisable in installments over a period of years, or upon the attainment of stated goals or combination thereof. 
  

	E.	Medium of Payment 

 The Option price shall be payable upon the
exercise of the Option. It shall be payable in such form (permitted by Section 422 of the Code in the case of Incentive Options), as the Board of Directors (or the Committee, if applicable) shall either by rules promulgated pursuant to the
provisions of Article III of the Plan, or in the particular Option Agreement, provide. 
  

	F.	Termination of Employment 

 (1) An employee Participant who ceases
to be an employee of the Corporation or of an Affiliate for any reason, other than the death or Disability of the Participant, may exercise all or any portion of his Options to the extent that such right to exercise has occurred on the date of his
termination within thirty (30) days after such termination. A Participant’s employment shall not be deemed terminated by reason of a transfer to another Employer which is an Affiliate of the Corporation. 
 (2) An employee Participant who ceases to be an employee of the Company or of an Affiliate by reason of Disability may exercise all or a portion of his Option, to the
extent that such right to exercise has accrued on the date of his termination, during the six (6) months immediately following his termination. 
 (3)
The Survivor of an employee Participant who ceases to be an employee by reason of such employee’s death, may exercise all or a portion of an Option, to the extent that such right to exercise has accrued on the date of such Participant’s
death, during the six (6) months immediately following his death. 
 An employee Participant to whom an Option has been granted under the Plan who is
absent from work with the Corporation or with an Affiliate because of temporary disability (any disability other than a Disability as defined in Paragraph A.6. Article I hereof), or who is on leave of absence for any purpose permitted by any
authoritative interpretation (i.e., regulation, ruling, case law, etc.) of Section 422 of the Code, shall not, during the period of any such absence be 

  

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deemed, by virtue of any such absence alone, to have terminated such Participant’s employment with the Corporation or an Affiliate, except as the Board
of Directors (or the Committee, if applicable) may otherwise expressly provide or determine. 
  

	G.	Exercise of Option and Issue of Stock 

 Options shall be exercised
by giving written notice to the Corporation. Such written notice shall: (1) be signed by the person exercising the Option; (2) state the number of Shares with respect to which the Option, if any, is being exercised; (3) contain the
warranty required by paragraph K of this Article V; and (4) specify a date (other than a Saturday, Sunday or legal holiday) not less than five (5) nor more than ten (10) days after the date of such written notice, as the date on which
the Shares will be taken up and payment made therefor. The conditions specified above may be waived in the sole discretion of the Corporation. Such tender and conveyance shall take place at the principal office of the Corporation during ordinary
business hours, or at such other hour and place agreed upon by the Corporation and the person or persons exercising the Option. On the date specified in such written notice (which date may be extended by the Corporation in order to comply with any
law or regulation which requires the Corporation to take any action with respect to the Option Shares prior to the issuance thereof, whether pursuant to the provisions of Article VII or otherwise), the Corporation shall accept payment for the
Option Shares and shall deliver to the person or persons exercising the Option in exchange therefor a certificate or certificates for fully paid non-assessable Shares. In the event of any failure to take up and pay for the number of Shares specified
in such written notice of the exercise of an Option on the date set forth therein (or on the extended date as above provided) the exercise of the Option shall terminate with respect to such number of Shares, but shall continue with respect to the
remaining Shares covered by the Option and not yet acquired pursuant thereto. 
  

	H.	Rights as a Stockholder 

 No Participant to whom an Option has been
granted shall have rights as a stockholder with respect to any Shares covered by such Option except as to such Shares as have been issued to or registered in the Corporation’s share register in the name of such Participant upon the due exercise
of the Option and tender of the full Option price. 
  

	I.	Assignability and Transferability of Option 

 By its terms, an
Option granted to a Participant shall not be transferable by the Participant and shall be exercisable, during the Participant’s lifetime, only by such Participant. Such Option shall not be assigned, pledged or hypothecated in any way (whether
by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted transfer, assignment, pledge, hypothecation or other disposition of any Option or of any rights granted thereunder contrary to the
provisions of this Article V, or the levy of any attachment or similar process upon an Option or such rights, shall be null and void. 
  

	J.	Other Provisions 

 The Option Agreement for an Incentive Option
shall contain such limitations and restrictions upon the exercise of the Option as shall be necessary in order that such Option can be an “incentive stock option” within the meaning of Section 422 of the Code. Further, the Option

  

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Agreements authorized under the Plan shall be subject to such other terms and conditions including, without limitation, restrictions upon the exercise of the
Option, as the Board of Directors (or the Committee, if applicable) shall deem advisable and which in the case of Incentive Options are not inconsistent with the requirements of Section 422 of the Code. 
  

	K.	Purchase For Investment 

 Unless the Shares to be
issued upon the particular exercise of an Option shall have been effectively registered under the Securities Act of 1933, as now in force or hereafter amended, the Corporation shall be under no obligation to issue the shares covered by such exercise
unless and until the following conditions have been fulfilled. The persons who exercise such an Option shall warrant to the Corporation that, at the time of such exercise, such persons are acquiring their option shares for investment and not with a
view to, or for sale in connection with, the distribution of any such Shares. In such event, the person(s) acquiring such Shares shall be bound by the provisions of the following legend (or similar legend) which shall be endorsed upon the
certificate(s) evidencing their Option Shares issued pursuant to such exercise. 
  

	
	 “These shares have not been registered under the federal or applicable state securities laws and instead are being issued pursuant to exemption contained
in said laws. The shares represented by this certificate may not be transferred unless (1) a registration statement with respect to such shares shall be effective under the Securities Act of 1933, as amended, or (2) the Corporation shall
have received an opinion of counsel satisfactory to it that no violation of such act or similar state acts will be involved in such transfer, or (3) the Corporation shall have received a “no action” letter from the Securities and
Exchange Commission covering such transfer and an opinion as referred to above relating to state law.”

  

	L.	Other Restrictions 

 In addition, the following legend, and such
other legends as the Board may determine, may be endorsed upon the certificate: 
  

	
	 “The shares represented by this certificate are subject to all of the terms, conditions, limitations and restrictions set forth in the Vitacost.com, Inc.
2000 Stock Option Plan (the “Plan”), a copy of which is on file with the Corporation, and an option agreement (the “Option Agreement”) pursuant to which the shares have been acquired. All terms, conditions, limitations and
restrictions of the Plan and the Option Agreement are fully binding upon the holder of this Certificate, his or her successors, estate, heirs, assigns, personal representative, administrator, executor or guardian as the case may be, for all purposes
until such time as all terms, conditions, limitations and restrictions of the Plan or the Option Agreement are removed waived or otherwise vacated in a manner expressly authorized thereunder.”

 Without limiting the generality of the foregoing the Corporation may delay issuance of the Shares until completion
of any action or obtaining any consent, which the Corporation deems necessary under any applicable law (including without limitation state securities or “blue sky” laws). 
  

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	M.	Lock Up Agreement 

 The shares of Common Stock purchased pursuant to
an Option shall not be sold or otherwise transferred (except to the Option holder’s immediate family members by gift, will or intestacy, whereby such permitted transferee shall continue to be subject to the restrictions of this Paragraph M
of Article V) for a period of six months following the date of effectiveness of a registration statement for the initial public offering of Common Stock of the Company, or such lesser period as may be requested in writing by any representative
of the underwriters in connection with any registration of the offering of any securities of the Company under the Securities Act of 1933 and agreed to in writing by the Company, or as may be approved by the Committee or such persons as may be
designated by the Committee. 
  

	VI.	ADJUSTMENTS UPON CHANGES IN CAPITALIZATION 

 In the event that the
authorized and outstanding Shares of the Corporation are changed into or exchanged for a different number or kind of shares or other securities of the Corporation or of another corporation by reason of any reorganization, merger, consolidation,
recapitalization, reclassification, change in par value, stock split-up, combination of shares or dividend payable in capital stock, or the like, appropriate adjustments to prevent dilution or enlargement of the rights granted to or available for
Participants, shall be made in the manner and kind of shares for the purpose of which Options may be granted under the Plan, and, in addition, appropriate adjustment shall be made in the number and kind of shares and in the option price per share
subject to outstanding Options. No such adjustment shall be made which shall, within the meaning of Section 424 of the Code, constitute such a modification, extension or renewal of an Incentive Option as to cause it to be considered as the
grant of a new Incentive Option. 
  

	VII.	DISSOLUTION OR LIQUIDATION OF THE CORPORATION 

 Upon the dissolution or
liquidation of the Corporation, other than in connection with a transaction to which the preceding Article VI is applicable, all Options granted hereunder shall terminate and become null and void; provided, however, that if the rights of a
Participant have not otherwise terminated and expired, the Participant shall have the right immediately prior to such dissolution or liquidation to exercise any Option granted hereunder to the extent that the right to purchase shares thereunder has
accrued as of the date immediately prior to such dissolution or liquidation. 
  

	VIII.	TERMINATION OF THE PLAN 

 The Plan shall terminate (10) years from the
earlier of the date of its original adoption and approval by shareholders. The Plan may be terminated at an earlier date by vote of the stockholders or the Board of Directors; provided, however, that any such earlier termination shall not affect any
Options granted or Option Agreements executed prior to the effective date of such termination. 
  

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 IX. AMENDMENT OF THE PLAN 
 The Plan may be amended by the Board of Directors (but not by the Committee); provided, however, that no amendment may increase the numbers of Shares on which Options may be granted other than as provided by Article VI, or change the
designation of the class of employees eligible to receive Incentive Options unless such amendment is approved by the stockholders within one (1) year after such action by the Board of Directors. Except as approved by Article VI, no
amendment shall affect any Options theretofore granted or any Option Agreements theretofore executed unless such amendment shall expressly so provide and unless any Participant to whom an Option has been granted who would be adversely affected by
such amendment consents in writing thereto. 
  

	X.	EMPLOYMENT RELATIONSHIP 

 Nothing herein contained shall be deemed to
prevent the Corporation or an Affiliate from terminating the employment or other service of a Participant, nor to prevent a Participant from terminating the Participant’s employment or other service with the Corporation or an Affiliate.

  

	XI.	INDEMNIFICATION OF COMMITTEE 

 In addition to such other rights of
indemnification as they may have as directors or as members of the Committee, the members of the Committee (or the directors acting with respect to the Plan if there is no Committee) shall be indemnified by the Corporation against all reasonable
expenses, including attorneys fees, actually and reasonably incurred in connection with the defense of any action, suit or proceeding, or in connection with any appeal therein to which they or any of them may be a party by reason of any action taken
by them as members of the Committee and against all amounts paid by them in settlement thereof (provided such settlement is approved by independent legal counsel selected by the Corporation) or paid by them in satisfaction of a judgment in any such
action, suit or proceeding, except in relation to matters as to which it shall be adjudged in such action, suit or proceeding that such Committee member is liable for gross negligence or willful misconduct in the performance of his or her duties. To
receive such indemnification, a Committee member must first offer in writing to the Corporation the opportunity, at its own expense, to defend any such action, suit or proceeding. 
  

	XII.	EFFECTIVE DATE 

 This Plan shall become effective upon adoption by
the Board of Directors. 
  

	XIII.	GOVERNING LAW 

 This Plan and all determinations made and actions
taken pursuant hereto, shall be governed by the laws of the State of Delaware and construed in accordance therewith. 
 A True Copy 
 , Secretary 
  

 92006 Stock Award Plan

 Exhibit 10.2 
 VITACOST.COM, INC. 
 2006 STOCK AWARD PLAN 
  

	1.	Purpose 

 The purpose of this 2006 Stock Award Plan
(the “Plan”) is to assist Vitacost.com, Inc. (the “Company”) and its Related Entities in attracting, motivating, retaining, and rewarding high-quality Employees, officers, Directors, and Consultants by enabling such persons to
acquire or increase a proprietary interest in the Company in order to strengthen the mutuality of interests between such persons and the Company’s stockholders, and providing such persons with annual and long-term performance incentives to
expend their maximum efforts in the creation of stockholder value. The Plan is intended to qualify certain compensation awarded under the Plan for tax deductibility under Section 162(m) of the Code (as hereafter defined) to the extent deemed
appropriate by the Compensation Committee (or any successor committee) of the Board. 
  

	2.	Definitions 

 For purposes of the Plan, the
following terms shall be defined as set forth below, in addition to such terms defined in Section 1 hereof: 
 “2000
Plan” means the Company’s 2000 Stock Option Plan. 
 “Applicable Laws” means the requirements relating to the
administration of equity compensation plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, the rules and regulations of any stock exchange upon which the Common Stock is listed, and the applicable laws of any
foreign country or jurisdiction where Awards are granted under the Plan. 
 “Award” means any award granted pursuant to the
terms of this Plan including, an Option, Stock Appreciation Right, Restricted Stock, Stock Units, Stock granted as a bonus or in lieu of another award, Dividend Equivalent, Other Stock-Based Award, or Performance Award, together with any other right
or interest, granted to a Participant under the Plan. 
 “Beneficiary” means the person, persons, trust, or trusts which
have been designated by a Participant in his or her most recent written beneficiary designation filed with the Plan Administrator to receive the benefits specified under the Plan upon such Participant’s death or to which Awards or other rights
are transferred if and to the extent permitted under Section 10.2 hereof. If, upon a Participant’s death, there is no designated Beneficiary or surviving designated Beneficiary, then the term Beneficiary means the person, persons, trust,
or trusts entitled by will or the laws of descent and distribution to receive such benefits. 
 “Beneficial Owner,”
“Beneficially Owning,” and “Beneficial Ownership” shall have the meanings ascribed to such terms in Rule 13d-3 under the Exchange Act and any successor to such Rule. 
 “Board” means the Company’s Board of Directors. 

 “Cause” shall, with respect to any Participant, have the equivalent meaning (or the same
meaning as “cause” or “for cause”) set forth in any employment agreement between the Participant and the Company or a Related Entity or, in the absence of any such agreement, such term shall mean (i) the failure by the
Participant to perform his or her duties as assigned by the Company (or a Related Entity) in a reasonable manner, (ii) any violation or breach by the Participant of his or her employment agreement with the Company (or a Related Entity), if any,
(iii) any violation or breach by the Participant of his or her confidential information and invention assignment agreement with the Company (or a Related Entity), if any, (iv) any act by the Participant of dishonesty or bad faith with
respect to the Company (or a Related Entity), (v) any material violation or breach by the Participant of the Company’s or a Related Entity’s policy for employee conduct, if any, (vi) any act by the Participant of dishonesty or
bad faith with respect to the Company (or a Related Entity), (vii) use of alcohol, drugs, or other similar substances affecting the Participant’s work performance, or (viii) the commission by the Participant of any act, misdemeanor,
or crime reflecting unfavorably upon the Participant or the Company. The good faith determination by the Plan Administrator of whether the Participant’s Continuous Service was terminated by the Company for “Cause” shall be final and
binding for all purposes hereunder. 
 “Change in Control” means and shall be deemed to have occurred on the earliest of the
following dates: 
 (i) the date on which any “person” (as such term is used in Sections 13(d) and 14(d) of the
Exchange Act) obtains, after the date this Plan is adopted by the Board, “beneficial ownership” (as defined in Rule 13d-3 of the Exchange Act) or a pecuniary interest in more than fifty percent (50%) of the combined voting power of
the Company’s then outstanding securities (“Voting Stock”); 
 (ii) the consummation of a merger,
consolidation, reorganization, or similar transaction other than a transaction: (1) in which substantially all of the holders of the Company’s Voting Stock hold or receive directly or indirectly fifty percent (50%) or more of the
voting stock of the resulting entity or a parent company thereof, in substantially the same proportions as their ownership of the Company immediately prior to the transaction; or (2) in which the holders of the Company’s capital stock
immediately before such transaction will, immediately after such transaction, hold as a group on a fully diluted basis the ability to elect at least a majority of the directors of the surviving corporation (or a parent company); 
 (iii) there is consummated a sale, lease, exclusive license, or other disposition of all or substantially all of the consolidated assets
of the Company and its Subsidiaries, other than a sale, lease, license, or other disposition of all or substantially all of the consolidated assets of the Company and its Subsidiaries to an entity, more than fifty percent (50%) of the combined
voting power of the voting securities of which are owned by stockholders of the Company in substantially the same proportions as their ownership of the Company immediately prior to such sale, lease, license, or other disposition; or 
 (iv) individuals who, on the date this Plan is adopted by the Board, are Directors (the “Incumbent Board”) cease for any reason
to constitute at least a majority of 

  

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the Directors; provided, however, that if the appointment or election (or nomination for election) of any new Director was approved or recommended by a
majority vote of the members of the Incumbent Board then still in office, such new member shall, for purposes of this Plan, be considered as a member of the Incumbent Board. 
 For purposes of determining whether a Change in Control has occurred, a transaction includes all transactions in a series of related transactions, and terms used in this definition but not defined are used as defined
in the Plan. The term Change in Control shall not include a sale of assets, merger, or other transaction effected exclusively for the purpose of changing the domicile of the Company. 
 Notwithstanding the foregoing or any other provision of this Plan, the definition of Change in Control (or any analogous term) in an individual written
agreement between the Company and the Participant shall supersede the foregoing definition with respect to Awards subject to such agreement (it being understood, however, that if no definition of Change in Control or any analogous term is set forth
in such an individual written agreement, the foregoing definition shall apply). 
 “Code” means the Internal Revenue Code of
1986, as amended from time to time, including regulations thereunder and successor provisions and regulations thereto. 
 “Committee” means a committee designated by the Board to administer the Plan. 
 “Consultant”
means any person (other than an Employee or a Director, solely with respect to rendering services in such person’s capacity as a director) who is engaged by the Company or any Related Entity to render consulting or advisory services to the
Company or such Related Entity. 
 “Continuous Service” means uninterrupted provision of services to the Company as an
Employee, a Director, or a Consultant. Continuous Service shall not be considered to be interrupted in the case of (i) any approved leave of absence, (ii) transfers among the Company, any Related Entities, or any successor entities, as
either an Employee, a Director, or a Consultant, or (iii) any change in status as long as the individual remains in the service of the Company or a Related Entity as either an Employee, a Director, or a Consultant (except as otherwise provided
in the Option Agreement). An approved leave of absence shall include sick leave, military leave, or any other authorized personal leave. 
 “Corporate Transaction” means the occurrence, in a single transaction or in a series of related transactions, of any one or more of the following events: 
 (i) a sale, lease, exclusive license, or other disposition of all or substantially all, as determined by the Board in its discretion, of
the consolidated assets of the Company and its Subsidiaries; 
 (ii) a sale or other disposition of more than twenty percent
(20%) of the outstanding securities of the Company; or 
  

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 (iii) a merger, consolidation, reorganization, or similar transaction, whether or not the
Company is the surviving corporation. 
 “Covered Employee” means an Eligible Person who is a Covered Employee as specified
in Section 7(d) of the Plan. 
 “Director” means a member of the Board or the board of directors of any Related Entity.

 “Disability” means a permanent and total disability (within the meaning of Section 22(e) of the Code), as determined
by a medical doctor satisfactory to the Plan Administrator. Notwithstanding the foregoing, for Awards 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 to the extent necessary for such Award to comply with Section 409A. 
 “Dividend Equivalent” means a right,
granted to a Participant under Section 6.7 hereof, to receive cash, Stock, other Awards, or other property equal in value to dividends paid with respect to a specified number of Shares, or other periodic payments. 
 “Effective Date” means the effective date of this Plan, which shall be the date this Plan is adopted by the Board, subject to the
approval of the stockholders of the Company. 
 “Eligible Person” means all Employees (including officers), Directors, and
Consultants of the Company or of any Related Entity. The foregoing notwithstanding, only employees of the Company, the Parent, or any Subsidiary shall be Eligible Persons for purposes of receiving any Incentive Stock Options. An Employee on leave of
absence may be considered as still in the employ of the Company or a Related Entity for purposes of eligibility for participation in the Plan. 
 “Employee” means any person, including an officer or Director, who is an employee of the Company or any Related Entity. The payment of a director’s fee by the Company or a Related Entity shall not be sufficient to
constitute “employment” by the Company. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended
from time to time, including rules thereunder and successor provisions and rules thereto. 
 “Executive Officer” means an
executive officer of the Company as defined under the Exchange Act. 
 “Fair Market Value” means, unless otherwise required
by any applicable provision of the Code or any regulation thereunder (a) the fair market value of Stock, Awards, or other property as determined by the Plan Administrator, or under procedures established by the Plan Administrator, and
(b) unless otherwise determined by the Plan Administrator, the Fair Market Value of Stock as of any given date, after which the Stock is publicly traded on a stock exchange or market, shall be the closing sale price per share reported on a
consolidated basis for stock listed on the principal stock exchange or market on which Stock is traded on the date as of which such value is being determined or, if there is no sale on that date, then on the last previous day on which a sale was
reported. 
  

 4 

 “Incentive Stock Option” means any Option intended to be designated as an incentive
stock option within the meaning of Section 422 of the Code or any successor provision thereto. 
 “Non-Employee
Director” means a Director of the Company who is not an Employee. 
 “Option” means a right granted to a
Participant under Section 6.2 hereof, to purchase Stock or other Awards at a specified price during specified time periods. 
 “Other Stock-Based Awards” means Awards granted to a Participant pursuant to Section 6.8 hereof. 
 “Parent” means any corporation (other than the Company), whether now or hereafter existing, in an unbroken chain of corporations ending with the Company, if each of the corporations in the chain (other than the Company)
owns stock possessing fifty percent (50%) or more of the combined voting power of all classes of stock in one of the other corporations in the chain. 
 “Participant” means a person who has been granted an Award under the Plan which remains outstanding, including a person who is no longer an Eligible Person. 
 “Performance Award” means a right, granted to an Eligible Person under Section 7 hereof, to receive Awards based upon
performance criteria specified by the Plan Administrator. 
 “Person” has the meaning ascribed to such term in
Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d) thereof, and shall include a “group” as defined in Section 12(d) thereof. 
 “Plan Administrator” means the Board or any Committee delegated by the Board to administer the Plan. 
 “Related Entity” means (a) any Parent, (b) any Subsidiary, (c) any corporation, trade or business (including, without limitation, a partnership or limited liability company) which is
directly or indirectly controlled fifty percent (50%) or more (whether by ownership of stock, assets or an equivalent ownership interest or voting interest) by the Company, and (d) any corporation, trade or business (including, without
limitation, a partnership or limited liability company) which directly or indirectly controls fifty percent (50%) or more (whether by ownership of stock, assets or an equivalent ownership interest or voting interest) of the Company, provided
that the 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. 
 “Restricted Stock” means Stock granted to a Participant under Section 6.4 hereof, that is subject to certain restrictions
and to a risk of forfeiture. 
 “Rule 16b-3” and “Rule 16a-1(c)(3)” means Rule 16b-3 and Rule 16a-1(c)(3),
as from time to time in effect and applicable to the Plan and Participants, promulgated by the Securities and Exchange Commission under Section 16 of the Exchange Act. 
  

 5 

 “Shares” means the shares of the Company’s Common Stock, and the shares or such
other securities as may be substituted (or resubstituted) for Stock pursuant to Section 10.3 hereof. 
 “Stock”
means the Company’s Common Stock, and such other securities as may be substituted (or resubstituted) for the Company’s Common Stock pursuant to Section 10.3 hereof. 
 “Stock Appreciation Right” means a right granted to a Participant pursuant to Section 6.3 hereof. 
 “Stock Unit” means a right, granted to a Participant pursuant to Section 6.5 hereof, to receive Shares, cash or a
combination thereof at the end of a specified period of time. 
 “Subsidiary” means any corporation (other than the
Company), whether now or hereafter existing, in an unbroken chain of corporations beginning with the Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing fifty percent (50%) or more of
the total combined voting power of all classes of stock in one of the other corporations in such chain. 
  

	3.	Administration 

 3.1 Administration by Board.
The Board shall administer the Plan unless and until the Board delegates administration to a Committee, as provided in Section 3.3. 
 3.2 Powers of Board. The Board shall have the power, subject to, and within the limitations of, the express provisions of the Plan: 
 (a) To determine from time to time which of the persons eligible under the Plan shall be granted Awards; when and how each Award shall be granted; what type or combination of types of Award shall be granted; the
provisions of each Award granted (which need not be identical), including the time or times when a person shall be permitted to receive Shares pursuant to an Award; and the number of Shares with respect to which an Award shall be granted to each
such person. 
 (b) To construe and interpret the Plan and Awards granted under it, and to establish, amend, and revoke rules
and regulations for its administration. The Board, in the exercise of this power, may correct any defect, omission, or inconsistency in the Plan or in any Stock Award Agreement, in a manner and to the extent it shall deem necessary or expedient to
make the Plan fully effective. 
 (c) To amend the Plan or an Award as provided in Section 10.5. 
 (d) To terminate or suspend the Plan as provided in Section 10.5. 
 (e) To effect, at any time and from time to time, (1) the reduction of the exercise price of any outstanding Award under the Plan, if
any, (2) the cancellation of any outstanding Award and the grant in substitution therefor of (A) a new Award under the Plan or another equity plan of the Company covering the same or a different number of Shares, (B) cash and/or
(C) other valuable consideration (as determined by the Board, in its sole discretion), or (3) any other action that is treated as a repricing under generally accepted accounting principles. 
  

 6 

 (f) Generally, to exercise such powers and to perform such acts as the Board deems
necessary or expedient to promote the best interests of the Company and that are not in conflict with the provisions of the Plan. 
 3.3
Delegation to Committee. 
 (a) General. The Board may delegate administration of the Plan to a Committee or
Committees of two (2) or more members of the Board, and the term “Committee” shall apply to any person or persons to whom such authority has been delegated. If administration is delegated to a Committee, the Committee shall have, in
connection with the administration of the Plan, the powers theretofore possessed by the Board, including the power to delegate to a subcommittee any of the administrative powers the Committee is authorized to exercise (and references in this Plan to
the Board shall thereafter be to the Committee or subcommittee), subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. The Board may abolish the Committee at any
time and revest in the Board the administration of the Plan. 
 (b) Section 162(m) and Rule 16b-3 Compliance. In
the discretion of the Board, the Committee may consist solely of two or more “Outside Directors”, in accordance with Section 162(m) of the Code, and/or solely of two or more “Non-Employee Directors”, in accordance with Rule
16b-3. In addition, the Board or the Committee may delegate to a committee of two or more members of the Board the authority to grant Awards to eligible persons who are either (a) not then Covered Employees and are not expected to be Covered
Employees at the time of recognition of income resulting from such Award, (b) not persons with respect to whom the Company wishes to comply with Section 162(m) of the Code, or (c) not then subject to Section 16 of the Exchange
Act. 
 3.4 Effect of Board’s Decision. All determinations, interpretations, and constructions made by the Board in good faith
shall not be subject to review by any person and shall be final, binding, and conclusive on all persons. 
 3.5 Arbitration. Any
dispute or claim concerning any Award granted (or not granted) pursuant to the Plan or any disputes or claims relating to or arising out of the Plan shall be fully, finally, and exclusively resolved by binding and confidential arbitration conducted
pursuant to the rules of Judicial Arbitration and Mediation Services, Inc. (“JAMS”) in Palm Beach County, Florida. In addition to any other relief, the arbitrator may award to the prevailing party recovery of its attorneys’ fees and
costs. By accepting an Award, the Participant and the Company waive their respective rights to have any such disputes or claims tried by a judge or jury. 
 3.6 Limitation of Liability. The Committee and the Board, and each member thereof, shall be entitled to, in good faith, rely or act upon any report or other information furnished to him or her by any officer or
Employee, the Company’s independent auditors, Consultants or any 

  

 7 

 
other agents assisting in the administration of the Plan. Members of the Committee and the Board, and any officer or Employee acting at the direction or on
behalf of the Plan Administrator, shall not be personally liable for any action or determination taken or made in good faith with respect to the Plan, and shall, to the extent permitted by law, be fully indemnified and protected by the Company with
respect to any such action or determination. 
  

	4.	Stock Subject to Plan 

 4.1 Limitation on Overall
Number of Shares Subject to Awards. Subject to adjustment as provided in Section 10.3 hereof, the total number of Shares reserved and available for delivery in connection with Awards under the Plan shall be 2,000,000 Shares. Any
Shares delivered under the Plan may consist, in whole or in part, of authorized and unissued shares or treasury shares. 
 4.2
Availability of Shares Not Delivered under Awards. 
 (a) If any Shares subject to an Award or subject to an award
under the 2000 Plan are forfeited, expire or otherwise terminate without issuance of such Shares, or any Award is settled for cash or otherwise does not result in the issuance of all or a portion of the Shares subject to such Award, the Shares
shall, to the extent of such forfeiture, expiration, termination, cash settlement or non-issuance, again be available for Awards under the Plan, subject to Section 4.2(d) below. 
 (b) If any Shares issued pursuant to an Award or an award under the 2000 Plan are forfeited back to or repurchased by the Company,
including, but not limited to, any repurchase or forfeiture caused by the failure to meet a contingency or condition required for the vesting of such shares, then such forfeited or repurchased Shares shall revert to and again become available for
issuance under the Plan, subject to Section 4.2(d) below. 
 (c) In the event that any Option or other Award
granted hereunder or under the 2000 Plan is exercised through the tendering of Shares (either actually or by attestation) or by the withholding of Shares by the Company, or withholding tax liabilities arising from such Option, other Award or other
award are satisfied by the tendering of Shares (either actually or by attestation) or by the withholding of Shares by the Company, then only the net number of Shares actually issued to the Participant shall be counted as issued for purposes of
determining the maximum number of Shares available for grant under the Plan, subject to Section 4.2(d) below. 
 (d) Notwithstanding anything in this Section 4.2 to the contrary and solely for purposes of determining whether Shares are available for the grant of Incentive Stock Options, the maximum aggregate number of shares that may be
granted under this Plan shall be determined without regard to any Shares restored pursuant to this Section 4.2 that, if taken into account, would cause the Plan, for purposes of the grant of Incentive Stock Options, to fail the
requirement under Code Section 422 that the Plan designate a maximum aggregate number of shares that may be issued. 
  

 8 

 4.3 Application of Limitations. The limitation contained in this Section 4 shall apply
not only to Awards that are settled by the delivery of Shares but also to Awards relating to Shares but settled only in cash (such as cash-only Stock Appreciation Rights). The Plan Administrator may adopt reasonable counting procedures to ensure
appropriate counting, avoid double counting (as, for example, in the case of tandem or substitute awards) and make adjustments if the number of Shares actually delivered differs from the number of shares previously counted in connection with an
Award. 
  

	5.	Eligibility 

 Awards may be granted under the Plan
only to Eligible Persons. 
  

	6.	Terms of Awards 

 6.1 General. Awards may be
granted on the terms and conditions set forth in this Section 6. In addition, the Plan Administrator may impose on any Award or the exercise thereof, at the date of grant or thereafter (subject to Section 10.5), such
additional terms and conditions, not inconsistent with the provisions of the Plan, as the Plan Administrator shall determine, including terms requiring forfeiture of Awards in the event of termination of Continuous Service by the Participant and
terms permitting a Participant to make elections relating to his or her Award. The Plan Administrator shall retain full power and discretion to accelerate, waive, or modify, at any time, any term or condition of an Award that is not mandatory under
the Plan. 
 6.2 Options. The Plan Administrator is authorized to grant Options to Participants on the following terms and conditions:

 (a) Stock Option Agreement. Each grant of an Option shall be evidenced by a Stock Option Agreement. Such Stock
Option Agreement shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Plan Administrator deems appropriate for inclusion in a
Stock Option Agreement. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. 
 (b) Number of Shares. Each Stock Option Agreement shall specify the number of Shares that are subject to the Option and shall provide for the adjustment of such number in accordance with Section 10.3 hereof. The Stock
Option Agreement shall also specify whether the Stock Option is an Incentive Stock Option or a Non-Qualified Stock Option. 
 (c) Exercise Price. 
 (i) In General. Each Stock Option Agreement shall state the price at which
Shares subject to the Option may be purchased (the “Exercise Price”), which shall be, with respect to Incentive Stock Options, not less than one hundred percent (100%) of the Fair Market Value of the Stock on the date of grant. In the
case of Non-Qualified Stock Options, the Exercise Price shall be determined in the sole discretion of the Plan Administrator. 
  

 9 

 (ii) Ten Percent Stockholder. If a Participant owns or is deemed to own (by reason
of the attribution rules applicable under Section 424(d) of the Code) more than ten percent (10%) of the combined voting power of all classes of stock of the Company or any Parent or Subsidiary, any Incentive Stock Option granted to such
Participant must have an Exercise Price per share of at least one hundred ten percent (110%) of the Fair Market Value of a share of Stock on the date of grant. 
 (d) Time and Method of Exercise. The Plan Administrator shall determine the time or times at which or the circumstances under which
an Option may be exercised in whole or in part (including based on achievement of performance goals and/or future service requirements). The Plan Administrator may also determine the time or times at which Options shall cease to be or become
exercisable following termination of Continuous Service or upon other conditions. The Plan Administrator may determine the methods by which such exercise price may be paid or deemed to be paid (including, in the discretion of the Plan Administrator,
a cashless exercise procedure), the form of such payment, including, without limitation, cash, Stock, other Awards or awards granted under other plans of the Company or a Related Entity, or other property (including notes or other contractual
obligations of Participants to make payment on a deferred basis), and the methods by or forms in which Stock will be delivered or deemed to be delivered to Participants. 
 (e) Incentive Stock Options. The terms of any Incentive Stock Option granted under the Plan shall comply in all respects with the
provisions of Section 422 of the Code. Anything in the Plan to the contrary notwithstanding, no term of the Plan relating to Incentive Stock Options (including any Stock Appreciation Rights in tandem therewith) shall be interpreted, amended, or
altered, nor shall any discretion or authority granted under the Plan be exercised, so as to disqualify either the Plan or any Incentive Stock Option under Section 422 of the Code, unless the Participant has consented in writing to the change
that will result in such disqualification. If and to the extent required to comply with Section 422 of the Code, Options granted as Incentive Stock Options shall be subject to the following special terms and conditions: 
 (i) the Option shall not be exercisable more than ten years after the date such Incentive Stock Option is granted; provided, however, that
if a Participant owns or is deemed to own (by reason of the attribution rules of Section 424(d) of the Code) more than ten percent (10%) of the combined voting power of all classes of stock of the Company or any Parent or Subsidiary and
the Incentive Stock Option is granted to such Participant, the term of the Incentive Stock Option shall be (to the extent required by the Code at the time of the grant) for no more than five years from the date of grant; and 
 (ii) if the aggregate Fair Market Value (determined as of the date the Incentive Stock Option is granted) of the Shares with respect to
which Incentive Stock Options granted under the Plan and all other option plans of the Company, its Parent or any Subsidiary are exercisable for the first time by a Participant during any calendar year exceeds $100,000, then such Participant’s
Incentive 

  

 10 

 
Stock Option(s) or portions thereof that exceed such $100,000 limit shall be treated as Nonstatutory Stock Options (in the reverse order in which they were
granted, so that the last Incentive Stock Option will be the first treated as a Nonstatutory Stock Option). This paragraph shall only apply to the extent such limitation is applicable under the Code at the time of the grant. 
 (f) Repurchase Rights. The Committee and the Board shall have the discretion to grant Options that are exercisable for unvested
shares of Common Stock. Should the Participant’s Continuous Service cease while holding such unvested shares, the Company shall have the right to repurchase any or all of those unvested shares, at either (a) the exercise price paid per
share, (b) the fair market value, or (c) the lower of the exercise price paid per share and the fair market value. The terms upon which such repurchase right shall be exercisable (including the period and procedure for exercise and the
appropriate vesting schedule for the purchased shares) shall be established by the Plan Administrator and set forth in the document evidencing such repurchase right, provided that such terms shall not make such Option subject to Section 409A of
the Code. 
 6.3 Stock Appreciation Rights. The Plan Administrator is authorized to grant Stock Appreciation Rights to Participants on
the following terms and conditions: 
 (a) Right to Payment. A Stock Appreciation Right shall confer on the Participant
to whom it is granted a right to receive, upon exercise thereof, the excess of (A) the Fair Market Value of one share of Stock on the date of exercise over (B) the Fair Market Value of one share of Stock on the date the grant of such Stock
Appreciation Right. 
 (b) Other Terms. The Plan Administrator shall determine at the date of grant or thereafter, the
time or times at which and the circumstances under which a Stock Appreciation Right may be exercised in whole or in part (including based on achievement of performance goals and/or future service requirements), the time or times at which Stock
Appreciation Rights shall cease to be or become exercisable following termination of Continuous Service or upon other conditions, the method of exercise, method of settlement, form of consideration payable in settlement, method by or forms in which
Stock will be delivered or deemed to be delivered to Participants, whether or not a Stock Appreciation Right shall be in tandem or in combination with any other Award, and any other terms and conditions of any Stock Appreciation Right. Stock
Appreciation Rights may be either freestanding or in tandem with other Awards. 
 6.4 Restricted Stock. The Plan Administrator is
authorized to grant Restricted Stock to Participants on the following terms and conditions: 
 (a) Grant and
Restrictions. Restricted Stock shall be subject to such restrictions on transferability, risk of forfeiture, and other restrictions, if any, as the Plan Administrator may impose, or as otherwise provided in this Plan. The restrictions may lapse
separately or in combination at such times, under such circumstances (including based on achievement of performance goals and/or future service requirements), in such installments or otherwise, as the Plan Administrator may determine at the date of
grant or 

  

 11 

 
thereafter. Except to the extent restricted under the terms of the Plan and any Award agreement relating to the Restricted Stock, a Participant granted
Restricted Stock shall have all of the rights of a stockholder, including the right to vote the Restricted Stock and the right to receive dividends thereon (subject to any mandatory reinvestment or other requirement imposed by the Plan
Administrator). During the restricted period applicable to the Restricted Stock, subject to Section 10.2 below, the Restricted Stock may not be sold, transferred, pledged, hypothecated, margined, or otherwise encumbered by the
Participant. 
 (b) Forfeiture. Except as otherwise determined by the Plan Administrator at the time of the Award, upon
termination of a Participant’s Continuous Service during the applicable restriction period, the Participant’s Restricted Stock that is at that time subject to restrictions shall be forfeited and reacquired by the Company; provided that the
Plan Administrator may provide, by rule or regulation or in any Award agreement, or may determine in any individual case, that restrictions or forfeiture conditions relating to Restricted Stock shall be waived in whole or in part in the event of
terminations resulting from specified causes, and the Plan Administrator may in other cases waive in whole or in part the forfeiture of Restricted Stock. 
 (c) Certificates for Stock. Restricted Stock granted under the Plan may be evidenced in such manner as the Plan Administrator shall determine. If certificates representing Restricted Stock are registered in the
name of the Participant, the Plan Administrator may require that such certificates bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted Stock, that the Company retain physical possession of
the certificates, that the certificates be kept with an escrow agent and that the Participant deliver a stock power to the Company, endorsed in blank, relating to the Restricted Stock. 
 (d) Dividends and Splits. As a condition to, and at the time of, the grant of an Award of Restricted Stock, the Plan Administrator
may, in its sole discretion, require that any cash dividends paid on a share of Restricted Stock be automatically reinvested in additional shares of Restricted Stock or deferred until, and conditioned upon, the expiration of the applicable
restriction period. Unless otherwise determined by the Plan Administrator, Stock distributed in connection with a Stock split or Stock dividend, and other property distributed as a dividend, shall be subject to restrictions and a risk of forfeiture
to the same extent as the Restricted Stock with respect to which such Stock or other property has been distributed. 
 6.5 Stock
Units. The Plan Administrator is authorized to grant Stock Units to Participants, which are rights to receive Stock, cash, or a combination thereof at the end of a specified time period, subject to the following terms and conditions: 

(a) Award and Restrictions. Satisfaction of an Award of Stock Units shall occur upon expiration of the time period specified for
such Stock Units by the Plan Administrator (or, if permitted by the Plan Administrator, and in compliance with Section 409A as elected by the Participant). In addition, Stock Units shall be subject to such restrictions (which may include a risk
of forfeiture) as the Plan Administrator may 

  

 12 

 
impose, if any, which restrictions may lapse at the expiration of the time period or at earlier specified times (including based on achievement of
performance goals and/or future service requirements), separately or in combination, in installments or otherwise, as the Plan Administrator may determine. Stock Units may be satisfied by delivery of Stock, cash equal to the Fair Market Value of the
specified number of Shares covered by the Stock Units, or a combination thereof, as determined by the Plan Administrator at the date of grant or thereafter. Prior to satisfaction of an Award of Stock Units, an Award of Stock Units carries no voting
or dividend or other rights associated with share ownership. 
 (b) Forfeiture. Except as otherwise determined by the
Plan Administrator, upon termination of a Participant’s Continuous Service during the applicable time period thereof to which forfeiture conditions apply (as provided in the Award agreement evidencing the Stock Units), the Participant’s
Stock Units shall be forfeited; provided that the Plan Administrator may provide, by rule or regulation or in any Award agreement, or may determine in any individual case, that restrictions or forfeiture conditions relating to Stock Units shall be
waived in whole or in part in the event of terminations resulting from specified causes, and the Plan Administrator may in other cases waive in whole or in part forfeiture of Stock Units. 
 (c) Dividend Equivalents. Unless otherwise determined by the Plan Administrator at date of grant, any Dividend Equivalents that are
granted with respect to any Award of Stock Units shall be either (A) paid with respect to such Stock Units at the dividend payment date in cash or in shares of unrestricted Stock having a Fair Market Value equal to the amount of such dividends,
or (B) deferred with respect to such Stock Units and the amount or value thereof automatically deemed reinvested in additional Stock Units, as the Plan Administrator shall determine or permit the Participant to elect, provided that such
determination and elections, if any, shall comply with Section 409A of the Code. 
 6.6 Bonus Stock and Awards in Lieu of
Obligations. The Plan Administrator is authorized to grant Stock as a bonus, or to grant Stock or other Awards in lieu of Company obligations to pay cash or deliver other property under the Plan or under other plans or compensatory arrangements,
provided that, in the case of Participants subject to Section 16 of the Exchange Act, the amount of such grants remains within the discretion of the Committee to the extent necessary to ensure that acquisitions of Stock or other Awards are
exempt from liability under Section 16(b) of the Exchange Act. Stock or Awards granted hereunder shall be subject to such other terms as shall be determined by the Plan Administrator. 
 6.7 Other Stock-Based Awards. The Plan Administrator is authorized, subject to limitations under applicable law, to grant to Participants such
other Awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Stock, as deemed by the Plan Administrator to be consistent with the purposes of the Plan. The Plan Administrator
shall determine the terms and conditions of such Awards which shall comply with Section 409A of the Code unless the Award is otherwise exempt therefrom. Stock delivered pursuant to an Award in the nature of a purchase right granted under this
Section 6.7 shall be purchased for such consideration (including without limitation loans from the Company or a Related Entity), paid for at such times, by such methods, and in such forms, 

  

 13 

 
including, without limitation, cash, Stock, other Awards or other property, as the Plan Administrator shall determine. The Plan Administrator shall have the
discretion to grant such other Awards which are exercisable for unvested shares of Common Stock. Should the Participant’s Continuous Service cease while holding such unvested shares, the Company shall have the right to repurchase, at a price
determined by the Administrator at the time of grant, any or all of those unvested shares. The terms upon which such repurchase right shall be exercisable (including the period and procedure for exercise and the appropriate vesting schedule for the
purchased shares) shall be established by the Plan Administrator and set forth in the document evidencing such repurchase right. Cash awards, as an element of or supplement to any other Award under the Plan, may also be granted pursuant to this
Section 6.7. 
  

	7.	Performance Awards 

 7.1 Performance
Conditions. The right of a Participant to exercise or receive a grant or settlement of any Award, and the timing thereof, may be subject to such performance conditions as may be specified by the Plan Administrator. The Plan Administrator may use
such business criteria and other measures of performance as it may deem appropriate in establishing any performance conditions, and may exercise its discretion to reduce the amounts payable under any Award subject to performance conditions, except
as limited under Section 7.2 hereof in the case of a Performance Award intended to qualify under Code Section 162(m). If and to the extent required under Code Section 162(m), any power or authority relating to a Performance
Award intended to qualify under Code Section 162(m), shall be exercised by the Committee as the Plan Administrator and not the Board. 
 7.2 Performance Awards Granted to Designated Covered Employees. If and to the extent that the Committee determines that a Performance Award to be granted to an Eligible Person who is designated by the Committee as likely to be a
Covered Employee should qualify as “performance-based compensation” for purposes of Code Section 162(m), the grant, exercise, and/or settlement of such Performance Award shall be contingent upon achievement of pre-established
performance goals and other terms set forth in this Section 7.2. 
 (a) Performance Goals Generally. The
performance goals for such Performance Awards shall consist of one or more business criteria and a targeted level or levels of performance with respect to each of such criteria, as specified by the Committee consistent with this
Section 7.2. Performance goals shall be objective and shall otherwise meet the requirements of Code Section 162(m) and regulations thereunder including the requirement that the level or levels of performance targeted by the
Committee result in the achievement of performance goals being “substantially uncertain.” The Committee may determine that such Performance Awards shall be granted, exercised, and/or settled upon achievement of any one performance goal or
that two or more of the performance goals must be achieved as a condition to grant, exercise, and/or settlement of such Performance Awards. Performance goals may differ for Performance Awards granted to any one Participant or to different
Participants. 
 (b) Business Criteria. One or more of the following business criteria for the Company, on a
consolidated basis, and/or specified Related Entities or business units of the Company (except with respect to the total stockholder return and earnings per share 

  

 14 

 
criteria), shall be used by the Committee in establishing performance goals for such Performance Awards: (1) total stockholder return; (2) such
total stockholder return as compared to total return (on a comparable basis) of a publicly available index; (3) net income; (4) pretax earnings; (5) earnings before interest expense, taxes, depreciation, and amortization;
(6) pretax operating earnings; (7) operating margin; (8) earnings per share; (9) return on equity; (10) return on capital; (11) return on investment; (12) operating earnings; (13) cash flow from operations;
and (14) ratio of debt to stockholders’ equity. 
 (c) Performance Period; Timing For Establishing Performance
Goals. Achievement of performance goals in respect of such Performance Awards shall be measured over a performance period of up to ten (10) years, as specified by the Committee. Performance goals shall be established not later than ninety
(90) days after the beginning of any performance period applicable to such Performance Awards, or at such other date as may be required or permitted for “performance-based compensation” under Code Section 162(m). 
 (d) Performance Award Pool. The Committee may establish a Performance Award pool, which shall be an unfunded pool, for purposes of
measuring Company performance in connection with Performance Awards. The amount of such Performance Award pool shall be based upon the achievement of a performance goal or goals based on one or more of the business criteria set forth in
Section 7.2(b) hereof during the given performance period, as specified by the Committee in accordance with Section 7.2(c) hereof. The Committee may specify the amount of the Performance Award pool as a percentage of any of
such business criteria, a percentage thereof in excess of a threshold amount, or as another amount which need not bear a strictly mathematical relationship to such business criteria. 
 (e) Settlement of Performance Awards; Other Terms. Settlement of such Performance Awards shall be in cash, Stock, other Awards or
other property, in the discretion of the Committee. The Committee may, in its discretion, reduce the amount of a settlement otherwise to be made in connection with such Performance Awards. The Committee shall specify the circumstances in which such
Performance Awards shall be paid or forfeited in the event of termination of Continuous Service by the Participant prior to the end of a performance period or settlement of Performance Awards. 
 7.3 Written Determinations. All determinations by the Committee as to the establishment of performance goals, the amount of any Performance Award
pool or potential individual Performance Awards and as to the achievement of performance goals relating to Performance Awards under Section 7.2, shall be made in writing in the case of any Award intended to qualify under Code
Section 162(m). The Committee may not delegate any responsibility relating to such Performance Awards if and to the extent required to comply with Code Section 162(m). 
 7.4 Status of Performance Awards Under Code Section 162(m). It is the intent of the Company that Performance Awards under this
Section 7 hereof granted to persons who are designated by the Committee as likely to be Covered Employees within the meaning of Code Section 162(m) and regulations thereunder shall, if so designated by the Committee, constitute

  

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“qualified performance-based compensation” within the meaning of Code Section 162(m) and regulations thereunder. Accordingly, the terms of
Sections 7.2, 7.3 and 7.4, including the definitions of Covered Employee and other terms used therein, shall be interpreted in a manner consistent with Code Section 162(m) and regulations thereunder. The foregoing notwithstanding,
because the Committee cannot determine with certainty whether a given Participant will be a Covered Employee with respect to a fiscal year that has not yet been completed, the term Covered Employee as used herein shall mean only a person designated
by the Committee, at the time of grant of Performance Awards, as likely to be a Covered Employee with respect to that fiscal year. If any provision of the Plan or any agreement relating to such Performance Awards does not comply or is inconsistent
with the requirements of Code Section 162(m) or regulations thereunder, such provision shall be construed or deemed amended to the extent necessary to conform to such requirements. 
  

	8.	Certain Provisions Applicable to Awards or Sales 

 8.1 Stand-Alone, Additional, Tandem, and Substitute Awards. Awards granted under the Plan may, in the discretion of the Plan Administrator, be granted either alone or in addition to, in tandem with, or in substitution or exchange
for, any other Award or any award granted under another plan of the Company, any Related Entity, or any business entity to be acquired by the Company or a Related Entity, or any other right of a Participant to receive payment from the Company or any
Related Entity. Such additional, tandem, and substitute or exchange Awards may be granted at any time. If an Award is granted in substitution or exchange for another Award or award, the Plan Administrator shall require the surrender of such other
Award or award in consideration for the grant of the new Award. In addition, Awards may be granted in lieu of cash compensation, including in lieu of cash amounts payable under other plans of the Company or any Related Entity. 
 8.2 Form and Timing of Payment Under Awards; Deferrals. Subject to the terms of the Plan and any applicable Award agreement, payments to be made
by the Company or a Related Entity upon the exercise of an Option or other Award or settlement of an Award may be made in such forms as the Plan Administrator shall determine, including, without limitation, cash, other Awards or other property, and
may be made in a single payment or transfer, in installments, or on a deferred basis. The settlement of any Award may be accelerated, and cash paid in lieu of Stock in connection with such settlement, in the discretion of the Plan Administrator or
upon occurrence of one or more specified events (in addition to a Change in Control). Installment or deferred payments may be required by the Plan Administrator (subject to Section 10(g) of the Plan) or permitted at the election of the
Participant on terms and conditions established by the Plan Administrator. Payments may include, without limitation, provisions for the payment or crediting of a reasonable interest rate on installment or deferred payments or the grant or crediting
of Dividend Equivalents or other amounts in respect of installment or deferred payments denominated in Stock. The form and timing of payment of Awards or the deferral thereof pursuant to this Section shall not make any Award that is not subject
thereto subject to Section 409A and shall comply with Section 409A to the extent such Award is subject thereto. 
 8.3
Exemptions from Section 16(b) Liability. It is the intent of the Company that this Plan comply in all respects with applicable provisions of Rule 16b-3 or Rule 16a-1(c)(3) to the extent necessary to ensure that neither the grant of any
Awards to nor other transaction by a 

  

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Participant who is subject to Section 16 of the Exchange Act is subject to liability under Section 16(b) thereof (except for transactions
acknowledged in writing to be non-exempt by such Participant). Accordingly, if any provision of this Plan or any Award agreement does not comply with the requirements of Rule 16b-3 or Rule 16a-1(c)(3) as then applicable to any such transaction, such
provision will be construed or deemed amended to the extent necessary to conform to the applicable requirements of Rule 16b-3 or Rule 16a-1(c)(3) so that such Participant shall avoid liability under Section 16(b). 
  

	9.	Change in Control; Corporate Transaction 

 9.1
Change in Control. 
 (a) The Plan Administrator may, in its discretion, accelerate the vesting, exercisability,
lapsing of restrictions, or expiration of deferral of any Award, including upon the occurrence of a Change in Control. In addition, the Plan Administrator may provide in an Award agreement that the performance goals relating to any Performance Award
will be deemed to have been met upon the occurrence of any Change in Control. 
 (b) In addition to the terms of
Section 9.1(a) above, the effect of a “Change in Control,” may be provided (1) in an employment, compensation, or severance agreement, if any, between the Company or any Related Entity and the Participant, relating to the
Participant’s employment, compensation, or severance with or from the Company or such Related Entity, or (2) in the agreement evidencing the Award. 
 9.2 Corporate Transactions. In the event of a Corporate Transaction, any surviving corporation or acquiring corporation may either (i) assume or continue any or all Awards outstanding under the Plan, or
(ii) substitute similar stock awards for outstanding Awards (it being understood that similar awards include, but are not limited to, awards to acquire the same consideration paid to the stockholders or the Company, as the case may be, pursuant
to the Corporate Transaction). In the event that any surviving corporation or acquiring corporation does not assume or continue any or all such outstanding Awards or substitute similar stock awards for such outstanding Awards, then with respect to
Awards that have not been assumed, continued, or substituted, then such Awards shall terminate if not exercised (if applicable) at or prior to such effective time (contingent upon the effectiveness of the Corporate Transaction). The Administrator,
in its discretion and without the consent of any Participant, may (but is not obligated to) either (i) accelerate the vesting of all Awards (and, if applicable, the time at which such Awards may be exercised) in full or as to some percentage of
the Award to a date prior to the effective time of such Corporate Transaction as the Administrator shall determine (contingent upon the effectiveness of each Corporate Transaction) or (ii) provide for a cash payment in exchange for the
termination of an Award or any portion thereof where such cash payment is equal to the Fair Market Value of the Shares that the Participant would receive if the Award were fully vested and exercised (if applicable) as of such date (less any
applicable exercise price). The Administrator, in its sole discretion, shall determine whether each Award is assumed, continued, substituted, or terminated. 
 With respect to Restricted Stock and any other Award granted under the Plan with respect to which the Company has any reacquisition or repurchase rights, the reacquisition or repurchase 

  

 17 

 
rights for such Awards may be assigned by the Company to the successor of the Company (or the successor’s parent company) in connection with such
Corporate Transaction. In addition, the Administrator, in its discretion, may (but is not obligated to) provide that any reacquisition or repurchase rights held by the Company with respect to such Awards shall lapse in whole or in part (contingent
upon the effectiveness of the Corporate Transaction). 
 9.3 Dissolution or Liquidation. In the event of a dissolution or liquidation
of the Company, then all outstanding Awards shall terminate immediately prior to the completion of such dissolution or liquidation, and shares of Common Stock subject to the Company’s repurchase option may be repurchased by the Company
notwithstanding the fact that the holder of such stock is still in Continuous Service. 
  

	10.	General Provisions 

 10.1 Compliance With Legal
and Other Requirements. The Company may, to the extent deemed necessary or advisable by the Plan Administrator, postpone the issuance or delivery of Stock or payment of other benefits under any Award until completion of such registration or
qualification of such Stock or other required action under any federal or state law, rule, or regulation, listing or other required action with respect to any stock exchange or automated quotation system upon which the Stock or other Company
securities are listed or quoted, or compliance with any other obligation of the Company, as the Plan Administrator may consider appropriate, and may require any Participant to make such representations, furnish such information, and comply with or
be subject to such other conditions as it may consider appropriate in connection with the issuance or delivery of Stock or payment of other benefits in compliance with applicable laws, rules, and regulations, listing requirements, or other
obligations. 
 10.2 Limits on Transferability; Beneficiaries. 
 (a) General. Except as provided in the Award agreement, a Participant may not assign, sell, transfer, or otherwise encumber or
subject to any lien any Award or other right or interest granted under this Plan, in whole or in part, other than by will or by operation of the laws of descent and distribution, and such Awards or rights that may be exercisable shall be exercised
during the lifetime of the Participant only by the Participant or his or her guardian or legal representative. 
 (b)
Discretionary Transfer of Option. The Plan Administrator, in its sole discretion, may permit the transfer of an Option (but not an Incentive Stock Option, or any other right to purchase Stock other than an Option) as follows: (A) by gift
to a member of the Participant’s Immediate Family or (B) by transfer by instrument to a trust providing that the Option is to be passed to beneficiaries upon death of the Participant. For purposes of this Section 10.2(b),
“Immediate Family” shall mean the Participant’s spouse (including a former spouse subject to terms of a domestic relations order); child, stepchild, grandchild, child-in-law; parent, stepparent, grandparent, parent-in-law; sibling and
sibling-in-law, and shall include adoptive relationships. A Beneficiary, transferee, or other person claiming any rights under the Plan from or through any Participant shall be subject to all terms and conditions of the Plan and any Award agreement
applicable to 

  

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such Participant, except as otherwise determined by the Plan Administrator, and to any additional terms and conditions deemed necessary or appropriate by the
Plan Administrator. 
 10.3 Adjustments 
 (a) Adjustments to Awards. In the event that any dividend or other distribution (whether in the form of cash, Stock, or other property), recapitalization, forward or reverse split, reorganization, merger,
consolidation, spin-off, combination, repurchase, share exchange, liquidation, dissolution, or other similar corporate transaction or event affects the Stock and/or such other securities of the Company or any other issuer such that a substitution,
exchange, or adjustment is determined by the Plan Administrator to be appropriate, then the Plan Administrator shall, in such manner as it may deem equitable (and, to the extent applicable, permitted by Section 409A of the Code), substitute,
exchange, or adjust any or all of (A) the number and kind of Shares which may be delivered in connection with Awards granted thereafter, (B) the number and kind of Shares by which annual per-person Award limitations are measured under
Section 5 hereof, (C) the number and kind of Shares subject to or deliverable in respect of outstanding Awards, (D) the exercise price, grant price, or purchase price relating to any Award and/or make provision for payment of
cash or other property in respect of any outstanding Award, and (E) any other aspect of any Award that the Plan Administrator determines to be appropriate. 
 (b) Other Adjustments. The Committee (and the Board if and only to the extent such authority is not required to be exercised by the
Committee to comply with Code Section 162(m)) is authorized to make adjustments in the terms and conditions of, and the criteria included in, Awards (including Performance Awards and performance goals and performance goals relating thereto) in
recognition of unusual or nonrecurring events (including, without limitation, acquisitions and dispositions of businesses and assets) affecting the Company, any Related Entity or any business unit, or the financial statements of the Company or any
Related Entity, or in response to changes in applicable laws, regulations, accounting principles, tax rates, and regulations or business conditions or in view of the Committee’s assessment of the business strategy of the Company, any Related
Entity or business unit thereof, performance of comparable organizations, economic and business conditions, personal performance of a Participant, and any other circumstances deemed relevant; provided that no such adjustment shall be authorized or
made if and to the extent that such authority or the making of such adjustment would cause Options, Stock Appreciation Rights, Performance Awards granted under Section 7.2 hereof to Participants designated by the Committee as Covered
Employees and intended to qualify as “performance-based compensation” under Code Section 162(m) and the regulations thereunder to otherwise fail to qualify as “performance-based compensation” under Code Section 162(m)
and regulations thereunder, or become subject to Section 409A to the extent previously exempt, or to violate Section 409A to the extent subject thereto. 
 10.4 Taxes. The Company and any Related Entity are authorized to withhold from any Award granted, any payment relating to an Award under the Plan, including from a distribution 

  

 19 

 
of Stock, or any payroll or other payment to a Participant, amounts of withholding and other taxes due or potentially payable in connection with any
transaction involving an Award, and to take such other action as the Plan Administrator may deem advisable to enable the Company and Participants to satisfy obligations for the payment of withholding taxes and other tax obligations relating to any
Award. This authority shall include authority to withhold or receive Stock or other property and to make cash payments in respect thereof in satisfaction of a Participant’s tax obligations, either on a mandatory or elective basis in the
discretion of the Committee. 
 10.5 Changes to the Plan and Awards. The Board may amend, alter, suspend, discontinue, or terminate
the Plan, or the Committee’s authority to grant Awards under the Plan, without the consent of stockholders or Participants. Any amendment or alteration to the Plan shall be subject to the approval of the Company’s stockholders if such
stockholder approval is deemed necessary and advisable by the Board, or applicable laws (including provisions of the Code), and the rules and regulations of any stock exchange or market on which the Shares are listed. The Plan Administrator may
waive any conditions or rights under, or amend, alter, suspend, discontinue, or terminate any Award theretofore granted and any Award agreement relating thereto, except as otherwise provided in the Plan. 
 10.6 Limitation on Rights Conferred Under Plan. Neither the Plan nor any action taken hereunder shall be construed as (i) giving any Eligible
Person or Participant the right to continue as an Eligible Person or Participant or in the employ of the Company or a Related Entity; (ii) interfering in any way with the right of the Company or a Related Entity to terminate any Eligible
Person’s or Participant’s Continuous Service at any time, (iii) giving an Eligible Person or Participant any claim to be granted any Award under the Plan or to be treated uniformly with other Participants and Employees, or
(iv) conferring on a Participant any of the rights of a stockholder of the Company unless and until the Participant is duly issued or transferred Shares in accordance with the terms of an Award. 
 10.7 Unfunded Status of Awards; Creation of Trusts. The Plan is intended to constitute an “unfunded” plan for incentive and deferred
compensation. With respect to any payments not yet made to a Participant or obligations to deliver Stock pursuant to an Award, nothing contained in the Plan or any Award shall give any such Participant any rights that are greater than those of a
general creditor of the Company; provided that the Committee may authorize the creation of trusts and deposit therein cash, Stock, other Awards or other property, or make other arrangements to meet the Company’s obligations under the Plan. Such
trusts or other arrangements shall be consistent with the “unfunded” status of the Plan. The trustee of such trusts may be authorized to dispose of trust assets and reinvest the proceeds in alternative investments, subject to such terms
and conditions as the Plan Administrator may specify and in accordance with applicable law. 
 10.8 Nonexclusivity of the Plan.
Neither the adoption of the Plan by the Board nor its submission to the stockholders of the Company for approval shall be construed as creating any limitations on the power of the Board or a committee thereof to adopt such other incentive
arrangements as it may deem desirable including incentive arrangements and awards which do not qualify under Code Section 162(m). 
  

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 10.9 Fractional Shares. No fractional Shares shall be issued or delivered pursuant to the Plan or
any Award. The Plan Administrator shall determine whether cash, other Awards, or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise
eliminated. 
 10.10 Governing Law. The validity, construction, and effect of the Plan, any rules and regulations under the Plan, and
any Award agreement shall be determined in accordance with the laws of the state of Delaware without giving effect to principles of conflicts of laws, and applicable federal law. 
 10.11 Plan Effective Date and Stockholder Approval; Termination of Plan. The Plan shall become effective on the Effective Date, subject to
subsequent approval within twelve (12) months of its adoption by the Board by stockholders of the Company eligible to vote in the election of directors, by a vote sufficient to meet the requirements of Code Sections 162(m) (if applicable) and
422 of the Code, Rule 16b-3 under the Exchange Act (if applicable), applicable Nasdaq requirements, and other laws, regulations, and obligations of the Company applicable to the Plan. Awards may be granted subject to stockholder approval, but may
not be exercised or otherwise settled in the event stockholder approval is not obtained. The Plan shall terminate no later than ten (10) years from the date of the later of (x) the Effective Date and (y) the date an increase in the
number of shares reserved for issuance under the Plan is approved by the Board (so long as such increase is also approved by the stockholders). 
 10.12 Compliance with Section 409A. All Awards granted hereunder shall be designed and administered in such manner that they are either exempt from the application of, or comply with, the requirements of Section 409A of the
Code. 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, it shall be null and void. 
 10.13 Section 162(m) Transition Period. The Plan is intended
to constitute a plan described in Treasury Regulation Section 1.162-27(f)(1), pursuant to which the deduction limits under Section 162(m) of the Code do not apply during the applicable “reliance period,” as defined in Treasury
Regulations Section 1.162-(f)(2), which ends on the earliest of (i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close of the third calendar year following
the calendar year in which the initial public offering of the Company’s stock occurs; (ii) the date that the Plan is materially modified for purposes of Treasury Regulation Section 1.162-27(h)(1)(iii); or (iii) the date all
Shares available for issuance under the Plan have been allocated. 
  

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