Document:

Jammin Java Corp. 8-K

 

Exhibit
10.3 

 

JAMMIN JAVA CORP. 

AMENDED AND RESTATED

2015 EQUITY INCENTIVE PLAN

 

	1.	Purposes of the Plan.   Jammin Java Corp., a Nevada corporation (the “Company”)
hereby establishes the JAMMIN JAVA CORP. AMENDED AND RESTATED 2015 EQUITY INCENTIVE PLAN (the “Plan”).
The purposes of this Plan are to attract and retain the best available personnel for positions of substantial responsibility, to
provide additional incentive to Employees, Directors and Consultants, and to promote the long-term growth and profitability of
the Company. The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Restricted Stock, Restricted Stock
Units, Stock Appreciation Rights, Performance Units and Performance Shares as the Administrator may determine.
	 	 
	2.	Definitions.   The following definitions will apply to the terms
                          in the Plan:

  

“Administrator”
means the Board or any of its Committees as will be administering the Plan, in accordance with Section 4.

 

“Applicable
Laws” means the requirements relating to the administration of equity-based awards under U.S. state corporate laws,
U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or
quoted and the applicable laws of any foreign country or jurisdiction where Awards are, or will be, granted under the Plan.

 

“Award”
means, individually or collectively, a grant under the Plan of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards,
Performance Units or Performance Shares.

 

“Award
Agreement” means the written or electronic agreement setting forth the terms and provisions applicable to each Award
granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan.

 

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

 

“Change
in Control” means the occurrence of any of the following events: 

 

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Amended and Restated 2015 Equity Incentive Plan

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(i)     Any “person”
(as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner”
(as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent
(50%) or more of the total voting power represented by the Company’s then outstanding voting securities; provided however,
that for purposes of this subsection (i) any acquisition of securities directly from the Company shall not constitute a Change
in Control; or

 

(ii)    The consummation
of the sale or disposition by the Company of all or substantially all of the Company’s assets;

 

(iii)   A change
in the composition of the Board occurring within a two-year period, as a result of which fewer than a majority of the directors
are Incumbent Directors. “Incumbent Directors” means directors who either (A) are Directors as of the
effective date of the Plan, or (B) are elected, or nominated for election, to the Board with the affirmative votes of at least
a majority of the Incumbent Directors at the time of such election or nomination (but will not include an individual whose election
or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Company);
or

 

(iv)   The consummation
of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result
in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding
or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting
power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after
such merger or consolidation.

 

For avoidance
of doubt, a transaction will not constitute a Change in Control if: (i) its sole purpose is the change the state of the Company’s
incorporation, or (ii) its sole purpose is to create a holding company that will be owned in substantially the same proportions
by the persons who held the Company’s securities immediately before such transaction.

 

“Code”
means the Internal Revenue Code of 1986, as amended. Any reference in the Plan to a section of the Code will be a reference to
any successor or amended section of the Code.

 

“Committee”
means a committee of Directors or of other individuals satisfying Applicable Laws appointed by the Board in accordance with Section
4 hereof.

 

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

 

“Company”
means Jammin Java Corp., a Nevada corporation, or any successor thereto.

 

“Consultant”
means any person, including an advisor, engaged by the Company or a Parent or Subsidiary to render services to such entity.

 

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“Director”
means a member of the Board.

 

“Disability”
means a medically determinable physical or mental impairment that can be expected to result in death or can be expected to last
for a continuous period of not less than 12 months, and that either (1) renders a Participant unable to engage in any substantial
gainful activity or (2) results in a Participant receiving income replacement benefits for a period of not less than three months
under an employee accident and health plan covering the Participant.

 

“Employee”
means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither
service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment”
by the Company.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“Fair
Market Value” means, as of any date, the value of Common Stock determined as follows:

 

(i)     If the Common
Stock is listed on any established stock exchange or a national market system, including without limitation any division or subdivision
of the Nasdaq Stock Market, its Fair Market Value will be the closing sales price for such stock (or the closing bid, if no sales
were reported) as quoted on such exchange or system on the day of determination, as reported in The Wall Street Journal or such
other source as the Administrator deems reliable;

 

(ii)    If the
Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, including without limitation
quotation through the OTCQB market maintained by OTC Markets, the Fair Market Value of a Share will be the closing price for the
Common Stock on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems
reliable; or

 

(iii)   In the
absence of an established market for the Common Stock, the Fair Market Value will be determined in good faith by the Administrator,
and to the extent Section 15 applies (a) with respect to ISOs, the Fair Market Value shall be determined in a manner consistent
with Code section 422 or (b) with respect to NSOs or SARs, the Fair Market Value shall be determined in a manner consistent with
Code section 409A.

 

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“Fiscal
Year” means the fiscal year of the Company.

 

“Grant
Date” means, for all purposes, the date on which the Administrator determines to grant an Award, or such other later
date as is determined by the Administrator, provided that the Administrator cannot grant an Award prior to the date the material
terms of the Award are established. Notice of the Administrator’s determination to grant an Award will be provided to each
Participant within a reasonable time after the Grant Date.

 

“Incentive
Stock Option” or “ISO” means an Option that by its terms qualifies and is otherwise intended
to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

 

“Nonstatutory
Stock Option” or “NSO” means an Option that by its terms does not qualify or is not intended
to qualify as an ISO.

 

“Officer”
means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations
promulgated thereunder.

 

“Option”
means a stock option granted pursuant to the Plan.

 

“Optioned
Shares” means the Common Stock subject to an Option.

 

“Optionee”
means the holder of an outstanding Option.

 

“Parent”
means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the
Code.

 

“Participant”
means the holder of an outstanding Award.

 

“Performance
Share” means an Award denominated in Shares which may vest in whole or in part upon attainment of performance goals
or other vesting criteria as the Administrator may determine pursuant to Section 10.

 

“Performance
Unit” means an Award which may vest in whole or in part upon attainment of performance goals or other vesting criteria
as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing
pursuant to Section 10.

 

“Period
of Restriction” means the period during which Shares of Restricted Stock are subject to forfeiture or restrictions
on transfer pursuant to Section 7.

 

“Plan”
means this Amended and Restated 2015 Equity Incentive Plan.

 

“Restricted
Stock” means Shares awarded to a Participant which are subject to forfeiture and restrictions on transferability
in accordance with Section 7.

 

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“Restricted
Stock Unit” means the right to receive one Share at the end of a specified period of time, which right is subject
to forfeiture in accordance with Section 8 of the Plan.

 

“Rule
16b-3” means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3.

 

“Section”
means a paragraph or section of this Plan.

 

“Section
16(b)” means Section 16(b) of the Exchange Act.

 

“Service
Provider” means an Employee, Director or Consultant.

 

“Share”
means a share of the Common Stock, as adjusted in accordance with Section 13.

 

“Stock
Appreciation Right” or “SAR” means the right to receive payment from the Company in an
amount no greater than the excess of the Fair Market Value of a Share at the date the SAR is exercised over a specified price fixed
by the Administrator in the Award Agreement, which shall not be less than the Fair Market Value of a Share on the Grant Date. In
the case of a SAR which is granted in connection with an Option, the specified price shall be the Option exercise price.

 

“Stock
Award” means an Award of Shares under Section 10 of the Plan.

 

“Subsidiary”
means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of
the Code.

 

“Ten
Percent Owner” means any Service Provider who is, on the grant date of an ISO, the owner of Shares (determined with
application of ownership attribution rules of Code Section 424(d)) possessing more than 10% of the total combined voting power
of all classes of stock of the Company or any of its Subsidiaries.

  

	3.	Stock Subject to the Plan.
	 	 	 
		a.	Stock Subject to the Plan.   Subject to the provisions of Section 13, the maximum aggregate
number of Shares that may be issued under the Plan is seventeen million five hundred thousand (17,500,000) Shares. The Shares may
be authorized but unissued, or reacquired Common Stock.

 

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		b.	Lapsed Awards.   If an Award expires or becomes unexercisable without having been exercised
in full or, with respect to Restricted Stock, Restricted Stock Units, Performance Shares or Performance Units, is forfeited in
whole or in part to the Company, the unpurchased Shares (or for Awards other than Options and SARs, the forfeited or unissued Shares)
which were subject to the Award will become available for future grant or sale under the Plan (unless the Plan has terminated).
With respect to SARs, only Shares actually issued pursuant to a SAR will cease to be available under the Plan; all remaining Shares
subject to the SARs will remain available for future grant or sale under the Plan (unless the Plan has terminated). Shares that
have actually been issued under the Plan under any Award will not be returned to the Plan and will not become available for future
distribution under the Plan; provided, however, that if Shares issued pursuant to Awards of Restricted Stock, Restricted Stock
Units, Performance Shares or Performance Units are forfeited to the Company, such Shares will become available for future grant
under the Plan. Shares withheld by the Company to pay the exercise price of an Award or to satisfy tax withholding obligations
with respect to an Award will become available for future grant or sale under the Plan. To the extent an Award under the Plan is
paid out in cash rather than Shares, such cash payment will not result in reducing the number of Shares available for issuance
under the Plan.

 

		c.	Share Reserve.   The Company, during the term of this Plan, will at all times reserve and
keep available such number of Shares as will be sufficient to satisfy the requirements of the Plan.

 

	4.	Administration of the Plan.
	 	 	 
		a.	Procedure.   The Plan shall be administered by the Board or a Committee (or Committees) appointed
by the Board, which Committee shall be constituted to comply with Applicable Laws. If and so long as the Common Stock is registered
under Section 12(b) or 12(g) of the Exchange Act, the Board shall consider in selecting the Administrator and the membership of
any committee acting as Administrator the requirements regarding: (i) “nonemployee directors” within
the meaning of Rule 16b-3 under the Exchange Act; (ii) “independent directors” as described in the listing
requirements for any stock exchange on which Shares are listed; and (iii) Section 15(b)(i) of the Plan, if the Company pays
salaries for which it claims deductions that are subject to the Code section 162(m) limitation on its U.S. tax returns. The Board
may delegate the responsibility for administering the Plan with respect to designated classes of eligible Participants to different
committees consisting of two or more members of the Board, subject to such limitations as the Board or the Administrator deems
appropriate. Committee members shall serve for such term as the Board may determine, subject to removal by the Board at any time.

 

		b.	Powers of the Administrator.   Subject to the provisions of the Plan and the approval of any
relevant authorities, and in the case of a Committee, subject to the specific duties delegated by the Board to such Committee,
the Administrator will have the authority, in its discretion:

 

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			i.     to determine
the Fair Market Value;
	 	 	 
	 	 	ii.    to select the Service Providers
to whom Awards may be granted hereunder;
	 	 	 
	 	 	iii.   to
determine the number of Shares to be covered by each Award granted hereunder;
	 	 	 
	 	 	iv.   to approve forms
of agreement for use under the Plan;
	 	 	 
	 	 	v.    to determine the terms and conditions,
not inconsistent with the terms of the Plan, of any Award granted hereunder. Such terms and conditions include, but are not limited
to, the exercise price, the time or times when Awards may be exercised (which may be based on continued employment, continued service
or performance criteria), any vesting acceleration (whether by reason of a Change of Control or otherwise) or waiver of forfeiture
restrictions, and any restriction or limitation regarding any Award or the Shares relating thereto, based in each case on such
factors as the Administrator, in its sole discretion, will determine;
	 	 	 
	 	 	vi.   to construe and interpret the
terms of the Plan and Awards granted pursuant to the Plan, including the right to construe disputed or doubtful Plan and Award
provisions;
	 	 	 
	 	 	vii.  to prescribe,
amend and rescind rules and regulations relating to the Plan;
	 	 	 
	 	 	viii. to modify or amend
each Award (subject to Section 19(c)) to the extent any modification or amendment is consistent with the terms of the
Plan. The Administrator shall have the discretion to extend the exercise period of Options generally provided the exercise
period is not extended beyond the earlier of the original term of the Option or 10 years from the original grant date, or
specifically (1) if the exercise period of an Option is extended (but to no more than 10 years from the original grant date)
at a time when the exercise price equals or exceeds the fair market value of the Optioned Shares or (2) an Option cannot be
exercised because such exercise would violate Applicable Laws, provided that the exercise period is not extended more than 30
days after the exercise of the Option would no longer violate Applicable Laws.
	 	 	 
	 	 	ix.   to allow Participants to satisfy
withholding tax obligations in such manner as prescribed in Section 14;
	 	 	 
	 	 	x.    to authorize any person to execute
on behalf of the Company any instrument required to effect the grant of an Award previously granted by the Administrator;
	 	 	 
	 	 	xi.   to delay issuance of Shares
or suspend Participant’s right to exercise an Award as deemed necessary to comply with Applicable Laws; and
	 	 	 
	 	 	xii.  to make all other determinations
deemed necessary or advisable for administering the Plan.

 

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	 	 	c.

                                                               Effect of Administrator’s Decision.   The Administrator’s decisions, determinations and interpretations will be final and binding on all Participants and any other holders of Awards. Any decision or action taken or to be taken by the Administrator, arising out of or in connection with the construction, administration, interpretation and effect of the Plan and of its rules and regulations, shall, to the maximum extent permitted by Applicable Laws, be within its absolute discretion (except as otherwise specifically provided in the Plan) and shall be final, binding and conclusive upon the Company, all Participants and any person claiming under or through any Participant.

	 	 	 
		5.	Eligibility.   NSOs, Restricted Stock, Restricted Stock Units, SARs, Performance Units, Performance
Shares and Stock Awards may be granted to Service Providers. ISOs may be granted as specified in Section 15(a). No NSOs,
Restricted Stock, Restricted Stock Units, SARs, Performance Units, Performance Shares, Stock Awards or other awards under this
Plan shall be issued or granted to any Service Provider in connection with, or in consideration for, the offer or sale of securities
in a capital-raising transaction, or where such services directly or indirectly promote or maintain a market for the Company’s
securities.

 

	 	6.	Stock Options.
	 	 	 
	 	 	a.

                                Grant of Options.   Subject to the terms and conditions of the Plan, the Administrator, at any time and from time to time, may grant Options to Service Providers in such amounts as the Administrator will determine in its sole discretion. For purposes of the foregoing sentence, Service Providers shall include prospective employees or consultants to whom Options are granted in connection with written offers of employment or engagement of services, respectively, with the Company; provided that no Option granted to a prospective employee or consultant may be exercised prior to the commencement of employment or services with the Company. The Administrator may grant NSOs, ISOs, or any combination of the two. ISOs shall be granted in accordance with Section 15(a) of the Plan.

	 	 	 
	 	 	b.

                                Option Award Agreement.   Each Option shall be evidenced by an Award Agreement that shall specify the type of Option granted, the Option price, the exercise date, the term of the Option, the number of Shares to which the Option pertains, and such other terms and conditions (which need not be identical among Participants) as the Administrator shall determine in its sole discretion. If the Award Agreement does not specify that the Option is to be treated as an ISO, the Option shall be deemed a NSO.

	 	 	 
	   	 	c.

                                Exercise Price.   The per Share exercise price for the Shares to be issued pursuant to exercise of an Option will be no less than the Fair Market Value per Share on the Grant Date for ISOs, and the per Share exercise price for the Shares to be issued pursuant to exercise of NSOs may be less than one hundred percent (100%) of the Fair Market Value of the Common Stock at the Grant Date; provided, however, that the exercise price of each Nonstatutory Stock Option granted under the Plan shall in no event be less than the par value per share of the Company’s Common Stock.

 

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	 	 	d.     Term
of Options.   The term of each Option will be stated in the Award Agreement. Unless terminated sooner in accordance with the
remaining provisions of this Section 6, each Option shall expire either ten (10) years after the Grant Date, or after a
shorter term as may be fixed by the Board.
	 	 	 
	 	 	e.     Time
and Form of Payment.

 

	 	 	i.     Exercise Date.   Each Award
Agreement shall specify how and when Shares covered by an Option may be purchased. The Award Agreement may specify waiting periods,
the dates on which Options become exercisable or “vested” and, subject to the termination provisions
of this section, exercise periods. The Administrator may accelerate the exercisability of any Option or portion thereof.
	 	 	 
	 	 	ii.    Exercise of Option.
  Any Option granted hereunder will be exercisable according to the terms of the Plan and at such times and under such conditions
as determined by the Administrator and set forth in the Award Agreement. An Option may not be exercised for a fraction of a Share.
An Option will be deemed exercised when the Company receives: (1) notice of exercise (in such form as the Administrator shall specify
from time to time) from the person entitled to exercise the Option, and (2) full payment for the Shares with respect to which the
Option is exercised (together with all applicable withholding taxes). Full payment may consist of any consideration and method
of payment authorized by the Administrator and permitted by the Award Agreement and the Plan (together with all applicable withholding
taxes). Shares issued upon exercise of an Option will be issued in the name of the Optionee or, if requested by the Optionee, in
the name of the Optionee and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books
of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights
as a stockholder will exist with respect to the Optioned Shares, notwithstanding the exercise of the Option. The Company will issue
(or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other
right for which the record date is prior to the date the Shares are issued, except as provided in Section 13.
	 	 	 
	 	 	iii.   Payment.   The Administrator
will determine the acceptable form of consideration for exercising an Option, including the method of payment. Such consideration
may consist entirely of:

  

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	 	 	 	(1)     cash;
	 	 	 	 
	 	 	 	(2)     check;
	 	 	 	 
	 	 	 	(3)     to the extent not prohibited
by Section 402 of the Sarbanes-Oxley Act of 2002, a promissory note;
	 	 	 	 
	 	 	 	(4)     other Shares, provided Shares
have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which said Option will
be exercised;
	 	 	 	 
	 	 	 	(5)     to the extent not prohibited
by Section 402 of the Sarbanes-Oxley Act of 2002, in accordance with any broker-assisted cashless exercise procedures approved
by the Company and as in effect from time to time;
	 	 	 	 
	 	 	 	(6)     by asking the Company to withhold
Shares from the total Shares to be delivered upon exercise equal to the number of Shares having a value equal to the aggregate
Exercise Price of the Shares being acquired;
	 	 	 	 
	 	 	 	(7)     any combination of the foregoing
methods of payment; or
	 	 	 	 
	 	 	 	(8)     such other consideration and
method of payment for the issuance of Shares to the extent permitted by Applicable Laws.

 

	 	 	f.     Forfeiture of Options.   All unexercised Options shall be forfeited to the Company in accordance with the terms and conditions set forth in the Award Agreement and again will become available for grant under the Plan.
	 	 	 
	 	7.	Restricted Stock.
	 	 	 
	 	 	a.     Grant of Restricted Stock.   Subject to the terms and conditions of the Plan, the Administrator, at any time and from time to time, may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator will determine in its sole discretion.
	 	 	 
	   	 	b.     Restricted Stock Award Agreement.   Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify the Period of Restriction, the number of Shares granted, and such other terms and conditions (which need not be identical among Participants) as the Administrator will determine in its sole discretion. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until the restrictions on such Shares have lapsed.

 

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	 	 	c.     Vesting
Conditions and Other Terms.

 

	 	 	i.     Vesting Conditions.   The
Administrator, in its sole discretion, may impose such conditions on the vesting of Shares of Restricted Stock as it may deem advisable
or appropriate, including but not limited to, achievement of Company-wide, business unit, or individual goals (including, but not
limited to, continued employment or service), or any other basis determined by the Administrator in its discretion. The Administrator,
in its discretion, may accelerate the time at which any restrictions will lapse or be removed. The Administrator may, in its discretion,
also provide for such complete or partial exceptions to an employment or service restriction as it deems equitable.
	 	 	 
	 	 	ii.    Voting Rights.   During the Period of Restriction, Service Providers holding Shares of
Restricted Stock granted hereunder may exercise full voting rights with respect to those Shares, unless the Administrator determines
otherwise.
	 	 	 
	 	 	iii.   Dividends and Other Distributions.
  During the Period of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends
and other distributions paid with respect to such Shares, unless the Administrator determines otherwise. If any such dividends
or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability
as the Shares of Restricted Stock with respect to which they were paid.
	 	 	 
	 	 	iv.   Transferability.   Except
as provided in this Section, Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated
or hypothecated until the end of the applicable Period of Restriction.

 

	 	 	d.     Removal
of Restrictions.   All restrictions imposed on Shares of Restricted Stock shall lapse and the Period of Restriction shall end
upon the satisfaction of the vesting conditions imposed by the Administrator. Vested Shares of Restricted Stock will be released
from escrow as soon as practicable after the last day of the Period of Restriction or at such other time as the Administrator may
determine, but in no event later than the 30th day following the date on which vesting occurred.
	 	 	 
	 	 	e.     Forfeiture
of Restricted Stock.   On the date set forth in the Award Agreement, the Shares of Restricted Stock for which restrictions have
not lapsed will be forfeited and revert to the Company and again will become available for grant under the Plan.
	 	 	 
	 	8.	Restricted Stock Units.
	 	 	 
	 	 	a.     Grant
of Restricted Stock Units.   Subject to the terms and conditions of the Plan, the Administrator, at any time and from time to
time, may grant Restricted Stock Units to Service Providers in such amounts as the Administrator will determine in its sole discretion.
	 	 	 
	 	 	b.     Restricted
Stock Units Award Agreement.   Each Award of Restricted Stock Units will be evidenced by an Award Agreement that will specify
the number of Restricted Stock Units granted, vesting criteria, form of payout, and such other terms and conditions (which need
not be identical among Participants) as the Administrator will determine in its sole discretion.

 

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	 	 	c.     Vesting
Conditions.   The Administrator shall set vesting criteria in its discretion, which, depending on the extent to which the criteria
are met, will determine the number of Restricted Stock Units that will be paid out to the Participant. The Administrator may set
vesting criteria based upon the achievement of Company-wide, business unit, or individual goals (including, but not limited to,
continued employment or service), or any other basis determined by the Administrator in its discretion. At any time after the grant
of Restricted Stock Units, the Administrator, in its sole discretion, may reduce or waive any vesting criteria that must be met
to receive a payout.
	 	 	 
	 	 	d.     Time
and Form of Payment.   Upon satisfaction of the applicable vesting conditions, payment of vested Restricted Stock Units shall
occur in the manner and at the time provided in the Award Agreement, but in no event later than the 15th day of the
third month following the end of the year in which vesting occurred. Except as otherwise provided in the Award Agreement, Restricted
Stock Units may be paid in cash, Shares, or a combination thereof at the sole discretion of the Administrator. Restricted Stock
Units that are fully paid in cash will not reduce the number of Shares available for issuance under the Plan.
	 	 	 
	 	 	e.     Forfeiture
of Restricted Stock Units.   All unvested Restricted Stock Units shall be forfeited to the Company on the date set forth in the
Award Agreement and again will become available for grant under the Plan.
	 	 	 
	 	9.	Stock Appreciation Rights.
	 	 	 
	 	 	a.     Grant
of SARs.   Subject to the terms and conditions of the Plan, the Administrator, at any time and from time to time, may grant SARs
to Service Providers in such amounts as the Administrator will determine in its sole discretion.
	 	 	 
	 	 	b.     Award
Agreement.   Each SAR grant will be evidenced by an Award Agreement that will specify the exercise price, the number of Shares
underlying the SAR grant, the term of the SAR, the conditions of exercise, and such other terms and conditions (which need not
be identical among Participants) as the Administrator will determine in its sole discretion.
	 	 	 
	 	 	c.     Exercise
Price and Other Terms.   The per Share exercise price for the exercise of an SAR will be no less than the Fair Market Value per
Share on the Grant Date.
	 	 	 
	 	 	d.     Time
and Form of Payment of SAR Amount.   Upon exercise of a SAR, a Participant will be entitled to receive payment from the Company
in an amount no greater than: (i) the difference between the Fair Market Value of a Share on the date of exercise over the exercise
price; times (ii) the number of Shares with respect to which the SAR is exercised. An Award Agreement may provide for a SAR to
be paid in cash, Shares of equivalent value, or a combination thereof.
	 	 	 
	 	 	e.     Forfeiture
of SARs.   All unexercised SARs shall be forfeited to the Company in accordance with the terms and conditions set forth in the
Award Agreement and again will become available for grant under the Plan.

 

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	 	10.	Performance Units and Performance
                                         Shares and Stock Awards.
	 	 	 
	 	 	a.     Grant
of Performance Units and Performance Shares and Stock Awards.   Performance Units or Performance Shares or Stock Awards may be
granted to Service Providers at any time and from time to time, as will be determined by the Administrator, in its sole discretion.
The Administrator will have complete discretion in determining the number of Performance Units and Performance Shares and Stock
Awards granted to each Participant and may award Stock Awards for bona fide services to employees and consultants that are not
related to market making activities or financing activities. The Administrator may grant Stock Awards to Employees, Consultants
and Directors in payment of compensation that has been earned or as compensation to be earned, including without limitation compensation
awarded or earned concurrently with or prior to the grant of the Stock Award.
	 	 	 
	 	 	b.     Award
Agreement.   Each Award of Performance Units and Shares will be evidenced by an Award Agreement that will specify the initial
value, the Performance Period, the number of Performance Units or Performance Shares granted, and such other terms and conditions
(which need not be identical among Participants) as the Administrator will determine in its sole discretion, provided that Stock
Awards that are not subject to restrictions may be evidenced solely by the consent of the Board or the Administrator.
	 	 	 
	 	 	c.     Value
of Performance Units and Performance Shares and Stock Awards.   Each Performance Unit will have an initial value that is established
by the Administrator on or before the Grant Date. Each Performance Share and Stock Award will have an initial value equal to the
Fair Market Value of a Share on the Grant Date.
	 	 	 
	 	 	d.     Vesting
Conditions and Performance Period and Stock Awards.   The Administrator will set performance objectives or other vesting provisions
(including, without limitation, continued status as a Service Provider) in its discretion which, depending on the extent to which
they are met, will determine the number or value of Performance Units or Performance Shares that will be paid out to the Service
Providers. The time period during which the performance objectives or other vesting provisions must be met will be called the “Performance
Period.” The Administrator may set performance objectives based upon the achievement of Company-wide, divisional,
or individual goals or any other basis determined by the Administrator in its discretion. The Administrator need not set any goals
or other performance or vesting criteria for Stock Awards and may grant Stock Awards which vest immediately and are not subject
to any vesting or other conditions.

 

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Amended and Restated 2015 Equity Incentive Plan

Page 13 of 21

    	 

    	 

    

 

	 	 	e.     Time
and Form of Payment.   After the applicable Performance Period has ended, the holder of Performance Units or Performance Shares
will be entitled to receive a payout of the number of vested Performance Units or Performance Shares by the Participant over the
Performance Period, to be determined as a function of the extent to which the corresponding performance objectives or other vesting
provisions have been achieved. Vested Performance Units or Performance Shares will be paid as soon as practicable after the expiration
of the applicable Performance Period, but in no event later than the 15th day of the third month following the end of
the year the applicable Performance Period expired. An Award Agreement may provide for the satisfaction of Performance Unit or
Performance Share Awards in cash or Shares (which have an aggregate Fair Market Value equal to the value of the vested Performance
Units or Performance Shares at the close of the applicable Performance Period) or in a combination thereof.
	 	 	 
	 	 	f.      Forfeiture
of Performance Units and Performance Shares.   All unvested Performance Units or Performance Shares will be forfeited to the
Company on the date set forth in the Award Agreement, and again will become available for grant under the Plan.

 

		11.	Leaves of Absence/Transfer Between Locations.   Unless the Administrator provides otherwise
or as required by Applicable Laws, vesting of Awards will be suspended during any unpaid leave of absence. An Employee will not
cease to be an Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between locations of
the Company or between the Company, its Parent, or any Subsidiary.

 

		12.	Transferability of Awards.   Unless determined otherwise by the Administrator, an Award may
not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent
or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes
an Award transferable, such Award will contain such additional terms and conditions as the Administrator deems appropriate.
	 	 	 
	 	13.	Adjustments; Dissolution or Liquidation; Merger or Change in
                              Control.
	 	 	 
	 	 	a.     Adjustments.   In the event that any dividend or other distribution
(whether in the form of cash, Shares, other securities, or other property), recapitalization, stock split, reverse stock split,
reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other securities
of the Company, or other change in the corporate structure of the Company affecting the Shares occurs, the Administrator, in order
to prevent diminution or enlargement of the benefits or potential benefits intended to be made available under the Plan, shall
appropriately adjust the number and class of Shares that may be delivered under the Plan and/or the number, class, and price of
Shares covered by each outstanding Award.

 

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Amended and Restated 2015 Equity Incentive Plan

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	 	 	b.     Dissolution or Liquidation.
                                In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify
                              each Participant as soon as practicable prior to the effective date of such proposed transaction.
                              To the extent it has not been previously exercised, an Award will terminate immediately prior to
                              the consummation of such proposed action.
	 	 	 
	 	 	c.     Change
in Control.   In the event of a merger or Change in Control, any or all outstanding Awards may be assumed by the successor corporation,
which assumption shall be binding on all Participants. In the alternative, the successor corporation may substitute equivalent
Awards (after taking into account the existing provisions of the Awards). The successor corporation may also issue, in place of
outstanding Shares of the Company held by the Participant, substantially similar shares or other property subject to vesting requirements
and repurchase restrictions no less favorable to the Participant than those in effect prior to the merger or Change in Control.
	 	 	 
	 	 	        In the event that the successor corporation does not assume or substitute for the Award, unless
the Administrator provides otherwise, the Participant will fully vest in and have the right to exercise all of his or her outstanding
Options and SARs, including Shares as to which such Awards would not otherwise be vested or exercisable, all restrictions on Restricted
Stock and Restricted Stock Units will lapse, and, with respect to Performance Shares and Performance Units, all Performance Goals
or other vesting criteria will be deemed achieved at target levels and all other terms and conditions met. In addition, if an Option
or SAR is not assumed or substituted in the event of a Change in Control, the Administrator will notify the Participant in writing
or electronically that the Option or SAR will be exercisable for a period of time determined by the Administrator in its sole discretion,
and the Option or SAR will terminate upon the expiration of such period.
	 	 	 
	 	 	        For the purposes of this Section 13(c), an Award will be considered assumed if, following
the Change in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior
to the Change in Control, the consideration (whether stock, cash, or other securities or property) or, in the case of a SAR upon
the exercise of which the Administrator determines to pay cash or a Performance Share or Performance Unit which the Administrator
can determine to pay in cash, the fair market value of the consideration received in the merger or Change in Control by holders
of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration,
the type of consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration
received in the Change in Control is not solely common stock of the successor corporation or its Parent, the Administrator may,
with the consent of the successor corporation, provide for the consideration to be received upon the exercise of an Option or SAR
or upon the payout of a Restricted Stock Unit, Performance Share or Performance Unit, for each Share subject to such Award (or
in the case of Restricted Stock Units and Performance Units, the number of implied shares determined by dividing the value of the
Restricted Stock Units and Performance Units, as applicable, by the per share consideration received by holders of Common Stock
in the Change in Control), to be solely common stock of the successor corporation or its Parent equal in fair market value to the
per share consideration received by holders of Common Stock in the Change in Control.

 

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Amended and Restated 2015 Equity Incentive Plan

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	 	 	        Notwithstanding
anything in this Section 13(c) to the contrary, an Award that vests, is earned or paid-out upon the satisfaction of one
or more performance goals will not be considered assumed if the Company or its successor modifies any of such performance goals
without the Participant’s consent; provided, however, a modification to such performance goals only to reflect the successor
corporation’s post-Change in Control corporate structure will not be deemed to invalidate an otherwise valid Award assumption.

 

	 	14.	Tax Withholding.
	 	 	 
	 	 	a.     Withholding
Requirements.   Prior to the delivery of any Shares or cash pursuant to an Award (or exercise thereof), the Company will have
the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy
federal, state, local, foreign or other taxes required by Applicable Laws to be withheld with respect to such Award (or exercise
thereof).
	 	 	 
	 	 	b.     Withholding
Arrangements.   The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time,
may permit a Participant to satisfy such tax withholding obligation, in whole or in part by (without limitation) (i) paying
cash, (ii) electing to have the Company withhold otherwise deliverable Shares having a Fair Market Value equal to the amount required
to be withheld, or (iii) delivering to the Company already-owned Shares having a Fair Market Value equal to the amount required
to be withheld. The amount of the withholding requirement will be deemed to include any amount which the Administrator agrees may
be withheld at the time the election is made. The Fair Market Value of the Shares to be withheld or delivered will be determined
as of the date that the taxes are required to be withheld.

 

		15.	Provisions Applicable In the Event the Company or the Service Provider is Subject to U.S. Taxation.

 

	 	a.	Grant of Incentive Stock Options.   If the Administrator grants Options to Employees subject
to U.S. taxation, the Administrator may grant such Employee an ISO and the following terms shall also apply:

 

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Amended and Restated 2015 Equity Incentive Plan

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	 	 	i.     Maximum Amount.   Subject
to the provisions of Section 13, to the extent consistent with Section 422 of the Code, not more than an aggregate of seventeen
million five hundred thousand (17,500,000) Shares may be issued as ISOs under the Plan.
	 	 	 
	 	 	ii.    General Rule.   Only Employees
shall be eligible for the grant of ISOs.
	 	 	 
	 	 	iii.   Continuous Employment.
  The Optionee must remain in the continuous employ of the Company or its Subsidiaries from the date the ISO is granted until not
more than three months before the date on which it is exercised. A leave of absence approved by the Company may exceed ninety (90)
days if reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave
of absence approved by the Company is not so guaranteed, then three (3) months following the ninety-first (91st) day of such leave
any ISO held by the Optionee will cease to be treated as an ISO.
	 	 	 
	 	 	iv.   Award Agreement.

 

	 	 	 	(1)     The Administrator shall designate
Options granted as ISOs in the Award Agreement. Notwithstanding such designation, to the extent that the aggregate Fair Market
Value of the Shares with respect to which ISOs are exercisable for the first time by the Optionee during any calendar year (under
all plans of the Company and any Parent or Subsidiary) exceeds one hundred thousand dollars ($100,000), Options will not qualify
as an ISO. For purposes of this section, ISOs will be taken into account in the order in which they were granted. The Fair Market
Value of the Shares will be determined as of the time the Option with respect to such Shares is granted.
	 	 	 	 
	 	 	 	(2)     The Award Agreement shall
specify the term of the ISO. The term shall not exceed ten (10) years from the Grant Date or five (5) years from the Grant Date
for Ten Percent Owners.
	 	 	 	 
	 	 	 	(3)     The Award Agreement shall
specify an exercise price of not less than the Fair Market Value per Share on the Grant Date or one hundred ten percent (110%)
of the Fair Market Value per Share on the Grant Date for Ten Percent Owners.
	 	 	 	 
	 	 	 	(4)     The Award Agreement shall
specify that an ISO is not transferable except by will, beneficiary designation or the laws of descent and distribution.

 

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	 	 	v.    Form
of Payment.   The consideration to be paid for the Shares to be issued upon exercise of an ISO, including the method of payment,
shall be determined by the Administrator at the time of grant in accordance with Section 6(e)(iii).
	 	 	 
	 	 	vi.   “Disability”,
  for purposes of an ISO, means total and permanent disability as defined in Section 22(e)(3) of the Code.
	 	 	 
	 	 	vii.  Notice.   In the event
of any disposition of the Shares acquired pursuant to the exercise of an ISO within two years from the Grant Date or one year from
the exercise date, the Optionee will notify the Company thereof in writing within thirty (30) days after such disposition. In addition,
the Optionee shall provide the Company with such information as the Company shall reasonably request in connection with determining
the amount and character of Optionee’s income, the Company’s deduction, and the Company’s obligation to withhold
taxes or other amounts incurred by reason of a disqualifying disposition, including the amount thereof.

 

		b.	Performance-based Compensation.   If the Company pays salaries for which it claims deductions
that are subject to the Code section 162(m) limitation on its U.S. tax returns, then the following terms shall be applied in a
manner consistent with the requirements of, and only to the extent required for compliance with, the exclusion from the limitation
on deductibility of compensation under Code Section 162(m):
	 	 	 
	 	 	i.     Outside Directors.   The Board shall consider in selecting
the Administrator and the membership of any committee acting as Administrator the provisions regarding “outside directors”
within the meaning of Code Section 162(m).
	 	 	 
	 	 	ii.    Maximum Amount.

 

	 	 	 	(1)     Subject to the provisions
of Section 13, the maximum number of Shares that can be awarded to any individual Participant in the aggregate in any one
fiscal year of the Company is seventeen million five hundred thousand (17,500,000) Shares;
	 	 	 	 
	 	 	 	(2)     For Awards denominated in
Shares and satisfied in cash, the maximum Award to any individual Participant in the aggregate in any one fiscal year of the Company
is the Fair Market Value of seventeen million five hundred thousand (17,500,000) Shares on the Grant Date; and
	 	 	 	 
	 	 	 	(3)     The maximum amount payable
pursuant to any cash Awards to any individual Participant in the aggregate in any one fiscal year of the Company is the Fair Market
Value of seventeen million five hundred thousand (17,500,000) Shares on the Grant Date.

 

	 	 	iii.   Performance Criteria.
  All performance criteria must be objective and be established in writing prior to the beginning of the performance period or at
later time as permitted by Code Section 162(m). Performance criteria may include alternative and multiple performance goals and
may be based on one or more business and/or financial criteria. In establishing the performance goals, the Committee in its discretion
may include one or any combination of the following criteria in either absolute or relative terms, for the Company or any Subsidiary:

 

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Amended and Restated 2015 Equity Incentive Plan

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	 	 	 	(1)    
Increased revenue;
	 	 	 	 
	 	 	 	(2)    
Net income measures (including but not limited to income after capital costs and income before
or after taxes); 
	 	 	 	 
	 	 	 	(3)    
Stock price measures (including but not limited to growth measures and total stockholder return);
	 	 	 	 
	 	 	 	(4)     
Market share;
	 	 	 	 
	 	 	 	(5)     
Earnings per Share (actual or targeted growth);
	 	 	 	 
	 	 	 	(6)    
Earnings before interest, taxes, depreciation, and amortization (“EBITDA”);
	 	 	 	 
	 	 	 	(7)    
Cash flow measures (including but not limited to net cash flow and net cash flow before financing
activities);
	 	 	 	 
	 	 	 	(8)     
Return measures (including but not limited to return on equity, return on average assets,
return on capital, risk-adjusted return on capital, return on investors’ capital and return on average equity);
	 	 	 	 
	 	 	 	(9)     Operating measures (including operating income, funds from operations, cash from operations,
after-tax operating income, sales volumes, production volumes, and production efficiency);
	 	 	 	 
	 	 	 	(10)   Expense measures (including but not limited to overhead cost and general and administrative
expense);
	 	 	 	 
	 	 	 	(11)   Margins;
	 	 	 	 
	 	 	 	(12)   Stockholder value;
	 	 	 	 
	 	 	 	(13)   Total stockholder return;
	 	 	 	 
	 	 	 	(14)   Proceeds from dispositions;
	 	 	 	 
	 	 	 	(15)   Production volumes;
	 	 	 	 
	 	 	 	(16)   Total market value; and
	 	 	 	 
	 	 	 	(17)   Corporate values measures (including but not limited to ethics compliance, environmental,
and safety).

            
 

		c.	Stock Options and SARs Exempt from Code section 409A.   If the Administrator grants Options
or SARs to Employees subject to U.S. taxation the Administrator may not modify or amend the Options or SARs to the extent that
the modification or amendment adds a feature allowing for additional deferral within the meaning of Code section 409A.

 

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Amended and Restated 2015 Equity Incentive Plan

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		16.	No Effect on Employment or Service.   Neither the Plan nor any Award will confer upon any
Participant any right with respect to continuing the Participant’s relationship as a Service Provider with the Company or
any Parent or Subsidiary of the Company, nor will they interfere in any way with the Participant’s right or the Company’s
or its Parent’s or Subsidiary’s right to terminate such relationship at any time, with or without cause, to the extent
permitted by Applicable Laws.

 

		17.	Effective Date.  The Plan’s effective date is the date on which it is adopted by the
Board. The grant of ISOs is subject to approval by the Company’s shareholders either twelve (12) months before or after the
date that the Board adopts the Plan. Shareholder approval is to be obtained in accordance with the Company’s certificate
of incorporation and bylaws, and applicable laws. The Administrator may grant ISOs prior to shareholder approval, but until the
Company obtains this approval, a grantee shall not exercise them. If the Company does not timely obtain shareholder approval, a
grantee may exercise previously granted ISOs as Nonqualified Stock Options.

 

		18.	Term of Plan.   The Plan will terminate 10 years following the earlier of (i) the date
it was adopted by the Board or (ii) the date it became effective upon approval by stockholders of the Company, unless sooner
terminated by the Board pursuant to Section 19.
	 	 	 
	 	19.	Amendment and Termination of the Plan.
	 	 	 
	 	 	a.     Amendment
and Termination.   The Board may at any time amend, alter, suspend or terminate the Plan.
	 	 	 
	 	 	b.     Stockholder
Approval.   The Company will obtain stockholder approval of any Plan amendment to the extent necessary and desirable to comply
with Applicable Laws.
	 	 	 
	 	 	c.     Effect
of Amendment or Termination.   No amendment, alteration, suspension or termination of the Plan will impair the rights of any
Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing
and signed by the Participant and the Company. Termination of the Plan will not affect the Administrator’s ability to exercise
the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination.
	 	 	 
	 	20.	Conditions Upon Issuance of Shares.
	 	 	 
	 	 	a.     Legal
Compliance.   The Administrator may delay or suspend the issuance and delivery of Shares, suspend the exercise of Options or
SARs, or suspend the Plan as necessary to comply Applicable Laws. Shares will not be issued pursuant to the exercise of an Award
unless the exercise of such Award and the issuance and delivery of such Shares will comply with Applicable Laws and will be further
subject to the approval of counsel for the Company with respect to such compliance.
	 	 	 
	 	 	b.     Investment
Representations.   As a condition to the exercise of an Award, the Company may require the person exercising such Award to represent
and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention
to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required.

  

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		21.	Inability to Obtain Authority.   The inability of the Company to obtain authority from any
regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance
and sale of any Shares hereunder, will relieve the Company of any liability in respect of the failure to issue or sell such Shares
as to which such requisite authority will not have been obtained.

 

		22.	Repricing Prohibited; Exchange And Buyout of Awards.   The repricing of Options or SARs is
prohibited without prior stockholder approval. The Administrator may authorize the Company, with prior stockholder approval and
the consent of the respective Participants, to issue new Option or SAR Awards in exchange for the surrender and cancellation of
any or all outstanding Awards. The Administrator may at any time repurchase Options with payment in cash, Shares or other consideration,
based on such terms and conditions as the Administrator and the Participant shall agree.

 

		23.	Substitution and Assumption of Awards.   The Administrator may make Awards under the Plan
by assumption, substitution or replacement of performance shares, phantom shares, stock awards, stock options, stock appreciation
rights or similar awards granted by another entity (including an Parent or Subsidiary), if such assumption, substitution or replacement
is in connection with an asset acquisition, stock acquisition, merger, consolidation or similar transaction involving the Company
(and/or its Parent or Subsidiary) and such other entity (and/or its affiliate). The Administrator may also make Awards under the
Plan by assumption, substitution or replacement of a similar type of award granted by the Company prior to the adoption and approval
of the Plan. Notwithstanding any provision of the Plan (other than the maximum number of shares of Common Stock that may be issued
under the Plan), the terms of such assumed, substituted or replaced Awards shall be as the Administrator, in its discretion, determines
is appropriate.

 

		24.	Governing Law.   The Plan and all Agreements shall be construed in accordance with and governed
by the laws of the State of California.

 

Adopted by the Board of Directors on June 30,
2015, and amended and restated by the Board of Directors on March 10, 2016.

 

Jammin Java Corp.

Amended and Restated 2015 Equity Incentive Plan

Page 21 of 21Jammin Java Corp. 8-K

 

Exhibit
10.4 

 

[THIS
STOCK OPTION AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE HEREOF (THE “SECURITIES”) HAVE BEEN ACQUIRED
FOR INVESTMENT PURPOSES ONLY AND MAY NOT BE TRANSFERRED UNTIL (i) A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “ACT” OR THE “SECURITIES ACT”) SHALL HAVE BECOME EFFECTIVE WITH RESPECT THERETO
OR (ii) RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY TO THE EFFECT THAT REGISTRATION
UNDER THE ACT IS NOT REQUIRED IN CONNECTION WITH SUCH PROPOSED TRANSFER NOR IS IN VIOLATION OF ANY APPLICABLE STATE SECURITIES
LAWS. THIS LEGEND SHALL BE ENDORSED UPON ANY NOTE ISSUED IN EXCHANGE FOR THIS STOCK OPTION AND ANY SECURITIES ISSUABLE UPON EXERCISE
OF THIS OPTION (EXCEPT AS OTHERWISE PROVIDED BELOW).]1

 

JAMMIN
JAVA CORP.

 

2015
EQUITY INCENTIVE PLAN

 

STOCK
OPTION AGREEMENT

 

Unless
otherwise defined herein, the terms in the Stock Option Agreement (the
“Option Agreement”) have the same meanings as defined in the Jammin
Java Corp. 2015 Equity Incentive Plan (the “Plan”).

 

	I.	NOTICE
OF STOCK OPTION GRANT
	 	 
	 	Optionee:	Rohan
Marley
	 	 	 
	 	Address:	On
Record with Company

 

You
have been granted an Option to purchase Common Stock of the Company (the “Option”), subject to the terms
and conditions of the Plan and this Option Agreement, as follows:

 

	 	Grant Date:	June 30, 2015 (provided this Stock Option Agreement is entered into on March 10, 2016)
	 	 	 
	 	Vesting Commencement Date:	June 30, 2015
	 	 	 
	 	Exercise Price per Share:	$0.12
	 	 	 
	 	Total Number of Shares Granted:	2,000,000

 

 

   

1
Required to the extent that the Plan (and awards thereunder) have not been registered under the Securities Act of 1933,
as amended.

 

    

     

    

 

	 	Total Exercise Price:	$240,000
	 	 	 
	 	Type of Option:	Non-Qualified
	 	 	 
	 	Expiration
Date:	June 30, 20202
	 	 	 
	 	Vesting
Schedule:	Vests at the rate of 1/3 of such Options per year on each of the three anniversary’s of the Grant Date (666,666
    the first year)
	 	 	 
	 	Termination
Period:	 

  

To
the extent vested, this Option will be exercisable for three (3) months after Optionee ceases to be a Service Provider, unless
termination is due to Optionee’s death or Disability, in which case this Option will be exercisable for twelve (12) months
after Optionee ceases to be a Service Provider. In the event of termination due to Optionee’s death, the Company shall use
commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s
death. Notwithstanding the foregoing sentence, in no event may this Option be exercised after any termination of the Optionee
as a Service Provider determined by the Company’s Board to be for Cause or after the Expiration Date as provided above and
this Option may be subject to earlier termination as provided in the Plan.

 

“Cause”
has the meaning ascribed to such term or words of similar import in Optionee’s written employment or service contract with
the Company or its Parent or any Subsidiary and, in the absence of such agreement or definition, means Optionee’s (i) conviction
of, or plea of nolo contendere to, a felony or any other crime involving moral turpitude; (ii) fraud on or misappropriation
of any funds or property of the Company or its subsidiaries, or any affiliate, customer or vendor; (iii) personal dishonesty,
incompetence, willful misconduct, willful violation of any law, rule or regulation (other than minor traffic violations or similar
offenses), or breach of fiduciary duty which involves personal profit; (iv) willful misconduct in connection with Optionee’s
duties or willful failure to perform Optionee’s responsibilities in the best interests of the Company or its subsidiaries;
(v) illegal use or distribution of drugs; (vi) violation of any material rule, regulation, procedure or policy of the
Company or its subsidiaries, the violation of which could have a material detriment to the Company; or (vii) material breach
of any provision of any employment, non-disclosure, non-competition, non-solicitation or other similar agreement executed by Optionee
for the benefit of the Company or its subsidiaries, all as reasonably determined by the Company’s Board, which determination
will be conclusive.

 

 

 

2
Unless terminated earlier pursuant to the terms of this Option Agreement or the terms and conditions of the Optionee’s
employment agreement with the Company, if any.

 

    -2- 

     

    

 

II.          AGREEMENT

 

1.           Grant
of Option.    The Administrator grants to the Optionee named in the Notice of Stock Option Grant in Part I of this Option
Agreement, an Option to purchase the number of Shares set forth in the Notice of Stock Option Grant, at the exercise price per
Share set forth in the Notice of Stock Option Grant (the “Exercise Price”), and subject to the terms
and conditions of the Plan, which is incorporated herein by reference. In the event of a conflict between the terms and conditions
of the Plan and this Option Agreement, the terms and conditions of the Plan prevail.

 

If
designated in the Notice of Stock Option Grant as an Incentive Stock Option, this Option is intended to qualify as an Incentive
Stock Option as defined in Code section 422. Nevertheless, to the extent that it exceeds the $100,000 rule of Code section 422(d),
this Option will be treated as a Nonstatutory Stock Option.

 

2.           Exercise
of Option.

 

(a)    Right
to Exercise.    This Option is exercisable during its term in accordance with the Vesting Schedule set out in the
Notice of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement.

 

(b)    Method
of Exercise.  This Option is exercisable by (i) delivery of an exercise notice in the form attached as Exhibit A
(the “Exercise Notice”) or in a manner and pursuant to procedures as the Administrator may determine,
which will state the election to exercise the Option, the number of Shares with respect to which the Option is being exercised,
and other representations and agreements as may be required by the Company and (ii) paying the Company in full the aggregate Exercise
Price as to all Shares being acquired, together with any applicable tax withholding.

 

This
Option will be deemed to be exercised upon receipt by the Company of a fully executed Exercise Notice accompanied by the aggregate
Exercise Price, together with any applicable tax withholding.

 

No
Shares will be issued pursuant to the exercise of an Option unless the issuance and exercise of Shares complies with Applicable
Laws. Assuming compliance, for income tax purposes the Shares will be considered transferred to the Optionee on the date on which
the Option is exercised with respect to the Shares.

 

3.           Method
of Payment.    The aggregate Exercise Price may be paid by any of the following, or a combination thereof, at the election of
the Optionee:

 

(a)    cash;

 

(b)    check;

 

(c)    to the extent not prohibited by Section 402 of the Sarbanes-Oxley Act of 2002, a promissory note;

 

(d)    other Shares, provided Shares have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares
as to which said Option will be exercised;

 

    -3- 

     

    

 

(e)    by
asking the Company to withhold Shares from the total Shares to be delivered upon exercise equal to the number of Shares having
a value equal to the aggregate Exercise Price of the Shares being acquired;

 

(f)     any
combination of the foregoing methods of payment; or

 

(g)    such
other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws.

 

4.           Legends.

 

(a)    All
certificates representing the Shares issued upon exercise of this Option shall, prior to such date as the Plan and Common Stock
hereunder are covered by a valid Form S-8 or similar U.S. federal registration statement, where applicable, have endorsed thereon
the following legends:

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED OR QUALIFIED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED,
OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY BE OFFERED AND SOLD ONLY IF REGISTERED AND QUALIFIED PURSUANT
TO THE RELEVANT PROVISIONS OF U.S. FEDERAL, STATE AND FOREIGN SECURITIES LAWS OR IF THE COMPANY IS PROVIDED AN OPINION OF COUNSEL
SATISFACTORY TO THE COMPANY THAT REGISTRATION AND QUALIFICATION UNDER U.S. FEDERAL, STATE AND FOREIGN SECURITIES LAWS IS NOT REQUIRED.

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD, TRANSFERRED, ENCUMBERED OR IN ANY MANNER DISPOSED OF, EXCEPT IN COMPLIANCE
WITH THE TERMS OF A WRITTEN AGREEMENT BETWEEN THE COMPANY AND THE INITIAL HOLDER HEREOF. SUCH AGREEMENT PROVIDES FOR CERTAIN TRANSFER
RESTRICTIONS, INCLUDING RIGHTS OF FIRST REFUSAL UPON AN ATTEMPTED TRANSFER OF THE SECURITIES AND CERTAIN REPURCHASE RIGHTS IN
FAVOR OF THE COMPANY. THE SECRETARY OF THE COMPANY WILL UPON WRITTEN REQUEST FURNISH A COPY OF SUCH AGREEMENT TO THE HOLDER HEREOF
WITHOUT CHARGE.

 

(b)    If
the Option is an ISO, then the following legend will be included:

 

THE
SHARES REPRESENTED BY THIS CERTIFICATE WERE ISSUED UPON EXERCISE OF AN INCENTIVE STOCK OPTION, AND THE COMPANY MUST BE NOTIFIED
IF THE SHARES SHALL BE TRANSFERRED BEFORE THE LATER OF THE TWO (2) YEAR ANNIVERSARY OF THE DATE OF GRANT OF THE OPTION OR THE
ONE (1) YEAR ANNIVERSARY OF THE DATE ON WHICH THE OPTION WAS EXERCISED. THE REGISTERED HOLDER MAY RECOGNIZE ORDINARY INCOME IF
THE SHARES ARE TRANSFERRED BEFORE SUCH DATE.

 

    -4- 

     

    

 

5.           Optionee’s
Investment Representations.

 

(a)    This
Agreement is made with Optionee in reliance upon Optionee’s representation to the Company, which by Optionee’s acceptance
hereof Optionee confirms, that the Common Stock which Optionee will receive will be acquired with Optionee’s own funds for
investment for an indefinite period for Optionee’s own account, not as a nominee or agent, and not with a view to the sale
or distribution of any part thereof, and that Optionee has no present intention of selling, granting participation in, or otherwise
distributing the same, but subject, nevertheless, to any requirement of law that the disposition of Optionee’s property
shall at all times be within Optionee’s control. By executing this Agreement, Optionee further represents that Optionee
does not have any contract, understanding or agreement with any person to sell, transfer, or grant participation to such person
or to any third person, with respect to any of the Common Stock.

 

(b)    With
respect to a transaction occurring prior to such date as the Plan and Common Stock thereunder are covered by a valid Form S-8
or similar U.S. federal registration statement, Optionee agrees that in no event shall Optionee make a disposition of any of the
Common Stock, unless and until: (i) Optionee shall have notified the Company of the proposed disposition and shall have furnished
the Company with a statement of the circumstances surrounding the proposed disposition; and (ii) Optionee shall have furnished
the Company with an opinion of counsel satisfactory to the Company to the effect that (A) such disposition will not require registration
or qualification of such Common Stock under applicable U.S. federal, state or foreign securities laws or (B) appropriate action
necessary for compliance with the U.S. federal, state or foreign securities laws has been taken; or (iii) the Company shall have
waived, expressly and in writing, its rights under clauses (i) and (ii) of this Subsection.

 

(c)    Optionee
understands that if a registration statement covering the Common Stock under the Securities Act is not in effect when Optionee
desires to sell the Common Stock, Optionee may be required to hold the Common Stock for an indeterminate period. Optionee also
acknowledges that Optionee understands that any sale of the Common Stock which might be made by Optionee in reliance upon Rule
144 under the Securities Act may be made only in limited amounts in accordance with the terms and conditions of that Rule.

 

6.           Restrictions
on Exercise.    This Option may not be exercised if the issuance of such Shares upon such exercise or the method of payment of
consideration for such shares would constitute a violation of any Applicable Laws. The Company will be relieved of any liability
with respect to any delayed issuance of shares or its failure to issue shares if such delay or failure is necessary to comply
with Applicable Laws.

 

7.           Non-Transferability
of Option.    This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution
and may be exercised during the lifetime of Optionee only by Optionee. The terms of the Plan and this Option Agreement are binding
upon the executors, administrators, heirs, successors and assigns of the Optionee.

 

8.           Term
of Option.    This Option may be exercised only within the term set out in the Notice of Stock Option Grant, and may be exercised
during the term only in accordance with the Plan and the terms of this Option.

 

    -5- 

     

    

 

9.           Tax
Obligations.

 

(a)    Withholding
Taxes.    Optionee agrees to arrange for the satisfaction of all Federal, state, local and foreign income and
employment tax withholding requirements applicable to the Option exercise. Optionee acknowledges and agrees that the Company may
refuse to honor the exercise and refuse to deliver the Shares if withholding amounts are not delivered at the time of exercise.

 

(b)    Notice
of Disqualifying Disposition of ISO Shares.    If the Option granted to Optionee is an ISO, and if Optionee sells or otherwise
disposes of any of the Shares acquired pursuant to the ISO on or before the later of (i) the date two (2) years after the
Grant Date, or (ii) the date one (1) year after the date of exercise, the Optionee must immediately notify the Company of
the disposition in writing. Optionee agrees that Optionee may be subject to income tax withholding by the Company on the compensation
income recognized by the Optionee.

 

(c)    Code
Section 409A.    Under Code section 409A, an Option that was granted with a per Share exercise price that is
determined by the Internal Revenue Service (the “IRS”) to be less than the Fair Market Value of a Share
on the Grant Date (a “discount option”) may be considered deferred compensation. An Option that is a discount option
may result in (i) income recognition by the Optionee prior to the exercise of the Option, (ii) an additional twenty percent (20%)
tax, and (iii) potential penalty and interest charges. Optionee acknowledges that the Company cannot and has not guaranteed that
the IRS will agree that the per Share Exercise Price of this Option equals or exceeds Fair Market Value of a Share on the Grant
Date in a later examination. Optionee agrees that if the IRS determines that the Option was granted with a per Share exercise
price that was less than the Fair Market Value of a Share on the Grant Date, Optionee will be solely responsible for any and all
resulting tax consequences.

 

10.        No
Guarantee of Continued Service.    OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE
HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR
RETAINING OPTIONEE) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER. OPTIONEE
FURTHER ACKNOWLEDGES AND AGREES THAT THIS OPTION AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET
FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD,
FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH OPTIONEE’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE PARENT
OR SUBSIDIARY EMPLOYING OR RETAINING OPTIONEE) TO TERMINATE OPTIONEE’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH
OR WITHOUT CAUSE.

 

11.        Notices.
   All notices or other communications which are required or permitted hereunder will be in writing and sufficient if (i) personally
delivered or sent by telecopy, (ii) sent by nationally-recognized overnight courier or (iii) sent by registered or certified mail,
postage prepaid, return receipt requested, addressed as follows:

 

    -6- 

     

    

 

(a)    if
to the Optionee, to the address (or telecopy number) set forth on the Notice of Stock Option Grant; and

 

(b)    if
to the Company, to its principal executive office as specified in any report filed by the Company with the Securities and Exchange
Commission or to such address as the Company may have specified to the Grantee in writing, Attention: Corporate Secretary;

 

or
to any other address as the party to whom notice is to be given may have furnished to the other party in writing in accordance
herewith. Any communication will be deemed to have been given (i) when delivered, if personally delivered, or when telecopied,
if telecopied, (ii) on the first Business Day (as hereinafter defined) after dispatch, if sent by nationally-recognized overnight
courier and (iii) on the fourth Business Day following the date on which the piece of mail containing the communication is posted,
if sent by mail. As used herein, “Business Day” means a day that is not a Saturday, Sunday or a day
on which banking institutions in the city to which the notice or communication is to be sent are not required to be open.

 

12.        Specific
Performance.    Optionee expressly agrees that the Company will be irreparably damaged if the provisions of this Option Agreement
and the Plan are not specifically enforced. Upon a breach or threatened breach of the terms, covenants and/or conditions of this
Option Agreement or the Plan by the Optionee, the Company will, in addition to all other remedies, be entitled to a temporary
or permanent injunction, without showing any actual damage, and/or decree for specific performance, in accordance with the provisions
hereof and thereof. The Administrator has the power to determine what constitutes a breach or threatened breach of this Option
Agreement or the Plan. The Administrator’s determinations will be final and conclusive and binding upon the Optionee.

 

13.        No
Waiver.    No waiver of any breach or condition of this Option Agreement will be deemed to be a waiver of any other or subsequent
breach or condition, whether of like or different nature.

 

14.        Optionee
Undertaking.    The Optionee agrees to take whatever additional actions and execute whatever additional documents the Company
may in its reasonable judgment deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions
imposed on the Optionee pursuant to the express provisions of this Option Agreement.

 

15.        Modification
of Rights.   The rights of the Optionee are subject to modification and termination in certain events as provided in this Option
Agreement and the Plan.

 

16.        Governing
Law.    This Agreement is governed by, and construed in accordance with, the laws of the State of Colorado, without giving effect
to its conflict or choice of law principles that might otherwise refer construction or interpretation of this Agreement to the
substantive law of another jurisdiction.

 

17.        Counterparts;
Facsimile Execution.    This Option Agreement may be executed in one or more counterparts, each of which will be deemed to be
an original, but all of which together constitute one and the same instrument. Facsimile execution and delivery of this Option
Agreement is legal, valid and binding execution and delivery for all purposes.

 

    -7- 

     

    

 

18.        Entire
Agreement.    The Plan, this Option Agreement, and upon execution, the Exercise Notice, constitute the entire agreement of the
parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the
Company and Optionee with respect to the subject matter hereof, and may not be modified adversely to the Optionee’s interest
except by means of a writing signed by the Company and Optionee.

 

19.        Severability.
  In the event one or more of the provisions of this Option Agreement should, for any reason, be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability will not affect any other provisions of this Option
Agreement, and this Option Agreement will be construed as if such invalid, illegal or unenforceable provision had never been contained
herein.

 

20.        WAIVER
OF JURY TRIAL.   THE OPTIONEE EXPRESSLY, IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING
RELATING TO THIS OPTION AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN.

 

[remainder
of page left blank intentionally]

 

    -8- 

     

    

 

Optionee
acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions thereof, and
accepts this Option subject to all of the terms and provisions thereof. Optionee has reviewed the Plan and this Option in their
entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option and fully understands all provisions
of the Option. Optionee agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator
upon any questions arising under the Plan or this Option. Optionee further agrees to notify the Company upon any change in the
residence address indicated below.

 

	OPTIONEE	 	JAMMIN JAVA CORP.
	 	 	 
	/s/ Rohan Marley	 	/s/ Anh Tran
	Signature	 	By
	 	 	 
	Rohan Marley	 	Anh Tran
	Print Name	 	Print Name
	 	 	 
	 	 	President
	 	 	Title
	On File with Company	 	 
	Residence Address	 	 

 

    

     

    

 

EXHIBIT
A

 

2015
EQUITY INCENTIVE PLAN

 

EXERCISE
NOTICE

 

Jammin
Java Corp. 

4730
Tejon St. 

Denver,
Colorado 80211

 

Attention:
Jammin Java Corp., Secretary

 

1.          Exercise
of Option.   Effective as of today, _____________, _____, the undersigned (“Optionee”) elects to exercise
Optionee’s option to purchase _________ shares of the Common Stock (the “Shares”) of Jammin Java
Corp. (the “Company”) under and pursuant to the Jammin Java Corp. 2015 Equity Incentive Plan (the “Plan”)
and the Stock Option Agreement dated March 10, 2016, and effective June 30, 2015 (the “Option Agreement”).

 

2.          Delivery
of Payment.   Optionee herewith delivers to the Company the full purchase price of the Shares, as set forth in the Option Agreement,
and any and all withholding taxes due in connection with the exercise of the Option.

 

3.          Representations
of Optionee.   Optionee acknowledges that Optionee has received, read and understood the Plan and the Option Agreement and agrees
to abide by and be bound by their terms and conditions.

 

4.          Rights
as Stockholder.   Until the issuance of the Shares (as evidenced by the appropriate entry on the books of the Company or of
a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder exists
with respect to the Optioned Stock, notwithstanding the exercise of the Option. Subject to the requirements of Section 6
below, the Shares will be issued to the Optionee as soon as practicable after the Option is exercised in accordance with the Option
Agreement. No adjustment will be made for a dividend or other right for which the record date is prior to the date of issuance
except as provided in the Plan.

 

5.         Tax
Consultation.   Optionee understands that Optionee may suffer adverse tax consequences as a result of Optionee’s purchase
or disposition of the Shares. Optionee represents that Optionee has consulted with any tax consultants Optionee deems advisable
in connection with the purchase or disposition of the Shares and that Optionee is not relying on the Company for any tax advice.

 

6.          Refusal
to Transfer.   The Company will not (i) transfer on its books any Shares that have been sold or otherwise transferred in violation
of any of the provisions of this Exercise Notice, or (ii) be required to treat as owner of such Shares or to accord the right
to vote or pay dividends to any purchaser or other transferee to whom such Shares have been so transferred.

 

    

     

    

 

7.          Successors
and Assigns.   The Company may assign any of its rights under this Exercise Notice to single or multiple assignees, and this
Exercise Notice inures to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein
set forth, this Exercise Notice is binding upon Optionee and his or her heirs, executors, administrators, successors and assigns.

 

8.          Interpretation.
  Any dispute regarding the interpretation of this Exercise Notice will be submitted by Optionee or by the Company forthwith to
the Administrator for review at its next regular meeting. The resolution of disputes by the Administrator will be final and binding
on all parties.

 

9.           Governing
Law; Severability.   This Exercise Notice is governed by, and construed in accordance with, the laws of the State of
Colorado, without giving effect to its conflict or choice of law principles that might otherwise refer construction
or interpretation of this Exercise to the substantive law of another jurisdiction. In the event that any provision hereof
becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Exercise Notice will
continue in full force and effect.

 

10.
        Optionee Representations.

 

(a)    With
respect to a transaction occurring prior to such date as the Plan and Common Stock thereunder are covered by a valid Form S-8
or similar U.S. federal registration statement, Optionee agrees that in no event shall Optionee make a disposition of any of the
Common Stock, unless and until: (i) Optionee shall have notified the Company of the proposed disposition and shall have furnished
the Company with a statement of the circumstances surrounding the proposed disposition; and (ii) Optionee shall have furnished
the Company with an opinion of counsel satisfactory to the Company to the effect that (A) such disposition will not require registration
or qualification of such Common Stock under applicable U.S. federal, state or foreign securities laws or (B) appropriate action
necessary for compliance with the U.S. federal, state or foreign securities laws has been taken; or (iii) the Company shall have
waived, expressly and in writing, its rights under clauses (i) and (ii) of this Subsection.

 

(b)    Optionee
understands that if a registration statement covering the Common Stock under the Securities Act is not in effect when Optionee
desires to sell the Common Stock, Optionee may be required to hold the Common Stock for an indeterminate period. Optionee also
acknowledges that Optionee understands that any sale of the Common Stock which might be made by Optionee in reliance upon Rule
144 under the Securities Act may be made only in limited amounts in accordance with the terms and conditions of that Rule.

 

11.
      Other Documents.   Optionee hereby acknowledges receipt or the right to receive a document providing the information
required by Rule 428(b)(1) promulgated under the Securities Act of 1933, as amended, including, but not limited to, the information
required by Part I of Form S-8.

 

12.        Notices.
  Any notice required or permitted hereunder will be provided in writing and deemed effective if provided in the manner specified
in the Option Agreement.

 

13.        Further
Instruments.   The parties agree to execute any further instruments and to take any further action as may be reasonably necessary
to carry out the purposes and intent of the Option Agreement and this Exercise Notice.

 

    -2-

     

    

 

14.        Entire
Agreement.   The Plan and Option Agreement are incorporated herein by reference. This Exercise Notice, the Plan, and the Option
Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety
all prior undertakings and agreements of the Company and Optionee with respect to the subject matter hereof, and may not be modified
adversely to the Optionee’s interest except by means of a writing signed by the Company and Optionee.

 

[signature
page follows]

 

    -3-

     

    

 

 

	Submitted by:	 	Accepted by:
	OPTIONEE	 	JAMMIN JAVA CORP.
	 	 	 
		 	 
	Signature	 	By
	 	 	 
	Rohan Marley	 	 
	Print Name	 	Print Name
	 	 	 
	 	 	 
	 	 	Title
	 	 	 
	Address:	 	Address:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	Date Received

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