Document:

Exhibit 10.1

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT
AGREEMENT (the “Agreement”) is effective as of February 20, 2018, and made and entered into by and between LMP Motors.com,
LLC, with principal offices at 601 North State Rd. 7 Plantation, 33317 at the State of Florida (“Employer” or “Company”)
and Samer Tawfik, who has a residence at 300 South Pointe Dr., apt 4003, Miami Beach, FL 33139 (“Employee”).

 

RECITALS

 

WHEREAS
the Company is considered to be a Development Stage Enterprise and, along with current and future subsidiaries and affiliates,
plans to provide a best in class eCommerce solution for pre-owned automobile sales, purchasing, financing, leasing, and other transactions
(the “Business”); and

 

WHEREAS
the Employee possesses extensive experience in Business the Company intends to engage in; and

 

WHEREAS
the Company desires to retain the Employee as Chief Executive Officer, to promote the interests of and perform services for the
Company on the terms and conditions hereinafter set forth, and the Employee desires to be retained on such terms and subject to
such conditions;

 

NOW, THEREFORE,
in consideration of the foregoing and mutual promises, covenants and agreements contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which hereby are acknowledged, the parties agree as follows:

 

		1.	Employment and Exclusive Devotion of Business Time to
Employment.

 

Subject to and pursuant to the
terms of this Agreement, effective February 20th, 2018 (the “Effective Date”),
the Company shall employ the Employee in the capacity of Chief Executive Officer reporting directly to the Company’s Board
of Directors. Employee agrees to devote all of his/her business time, effort, skills, loyalty and attention to the Business of
the Company, and will not, during the term of this Agreement, participate in any other commercial activity which may be comparable
to the commercial activity engaged in by the Company, without the prior written consent of the Company.

 

		2.	Duties of Employee.

 

The duties of the Employee shall
include the performance of all duties typical of and commensurate with that of Chief Executive Officer. The duties of the Employee
may be changed, appended, limited or expanded at the sole discretion of either the CEO or the Company’s Board of Directors. The
Employee will use his reasonable best efforts to perform such duties and responsibilities in a professional, efficient and businesslike
manner.

 

     

     

    

 

Employee
agrees to be so employed by the Company and agrees to devote substantially all of his business time, attention, skill and efforts
to perform services for the Company and to faithfully and diligently discharge and fulfill his duties hereunder to the best of
his abilities.

 

		(a)	Compliance
                                         with Company Policies and Procedures. Employee shall, in the performance of his duties,
                                         carry out the Company’s policies, procedures, rules, regulations, memoranda and
                                         directives as may be established from time to time, including, but not limited to those
                                         set forth regarding sexual harassment, use of the internet and equal employment opportunity
                                         and must sign and comply with the Company’s employee handbook.

 

		(b)	Primary Office Location. The Company’s principal office shall be located at 601 North State Rd.
7 Plantation Florida, or at such other location as may be determined by the Company from time to time. If such other location requires
the Employee to relocate in order to allow him/her to satisfactorily perform his/her duties, the Company shall give the Employee
a reasonable relocation allowance. Employee shall be available for travel from time to time as is reasonably necessary in performance
of the Company’s Business. Employee shall not be reimbursed for commutation to and from the Company’s primary business location.
Employee shall travel to such other places at such times as the needs of the Company may from time-to-time dictate or may be desirable.

 

		3.	Term.

 

The term (“Term”) of this Agreement
shall commence on the Effective Date and shall continue until terminated pursuant to paragraph 6 below.

 

		4.	Compensation.

 

For services rendered by the Employee pursuant to
this Agreement, the Company shall pay or award compensation to the Employee as follows:

 

		(a)	Base Salary. Effective with the Employee’s first day of employment, the Company shall pay
to the Employee a base annual salary of $120,000, payable bi-weekly in accordance with the policies, payroll practices and procedures
of the Company, as in effect from time to time, including but- not limited to withholding of applicable taxes, FICA and similar
items.

 

		5.	Benefits. Vacation and Reimbursements for Reasonable
Expenses.

 

In addition to the Base Salary
in connection with the Employee’s employment by the Company, the Employee shall be eligible to receive such vacation time and benefits
as per the Company’s employee handbook. Fringe benefits will be offered to the Company’s senior Employee officers, if and
when such benefits, plans, or other perquisites are approved by the Board.

 

		6.	Termination.

 

Employment with Company is
for no specific period of time and shall be considered at-will, meaning that either party is free to terminate the employment relationship
without cause upon oral or written notice. Although Employee’s job duties, title, compensation and benefits, as well as the
Company’s personnel policies and procedures, may change from time to time, the “at will” nature of employment
may only be changed in an express written agreement signed by Employee and a duly authorized officer of the Company.

 

		7.	Injunctive Relief.

 

Employee acknowledges that
Employee’s breach of the covenants contained in Exhibit A and/or the applicable agreements incorporated therein by reference
(collectively “Covenants”) could cause irreparable injury to the Company and agrees that in the event of any such breach
or threatened breach, the Company and/or its successors and assigns shall be entitled to seek temporary or preliminary injunctive
relief without the necessity of posting any bond or other security, in addition to any other rights or remedies the Company and/or
its successors and assigns may have for damages.

 

    2

     

    

 

		8.	Final Agreement.

 

This Agreement terminates and
supersedes all prior understandings or agreements on the subject matter hereof and constitutes the entire agreement between the
parties on such subject matter. This Agreement may be modified only by a further writing that is duly executed by both parties.

 

		9.	Governing Law, Non-Binding Mediation; Binding Arbitration.

 

This Agreement shall be construed
and enforced in accordance with the laws of the State of Florida without reference to its choice of law rules.

 

Except for claims for injunctive
relief involving a breach or threatened breach by Employee of any of the provisions of the Confidentiality and Non-Solicitation
Agreement attached hereto as Exhibit A, the Company and Employee hereby mutually agree that any disputes between them related to
or arising out of this Agreement, including but not limited to disputes regarding Employee’s employment with the Company
or the termination of Employee’s employment with the Company must be submitted for resolution by binding arbitration in accordance
with the most current Employment Arbitration Rules and Mediation Procedures of the American Arbitration Association (“AAA”),
including the Optional Appellate Arbitration Rules (“Appellate Rules”). A court of competent jurisdiction shall have
the authority to enter a judgment upon the award made pursuant to the arbitration.

 

Prior to filing any demand for
arbitration, the Company and/or Employee must first submit the applicable dispute to non-binding mediation conducted in Miami-Dade
County, under the rules of the AAA. If mediation fails to resolve the applicable dispute, the Company and/or Employee may then
file a demand for arbitration. The Parties shall bear equally all administrative costs incurred in connection with any such mediation,
including the mediator’s fee.

 

Except as it otherwise provides,
this arbitration provision requires all such disputes be resolved only by an arbitrator through arbitration, and not by a trial
in court with a judge or jury. Employee and the Company are voluntarily and knowingly waiving their right to trial by jury. The
arbitration will become final and binding upon exhaustion or expiration of the parties’ right to appeal under the Appellate
Rules.

 

Disputes subject to this arbitration
provision include, without limitation, disputes arising out of or relating to interpretation or application of the Agreement. This
arbitration provision also applies, without limitation, and to the maximum extent permitted by law, to disputes regarding the employment
relationship, trade secrets, unfair competition, compensation, breaks and rest periods, termination, or harassment and claims arising
under statutes such as the Uniform Trade Secrets Act, Civil Rights Act of 1964, Americans With Disabilities Act, Age Discrimination
in Employment Act, Family and Medical Leave Act, Fair Labor Standards Act, Employee Retirement Income Security Act, and state statutes
and local ordinances, if any, addressing the same or similar subject matters, and all other state statutory and common law claims.
Further, this arbitration provision applies to claims arising out of the employment relationship alleged against co-workers, supervisors,
officers, affiliates, subsidiaries and related companies, and persons or entities acting, or implicitly or explicitly alleged to
be acting, as the employer jointly or in concert with the Company. Such persons and entities are intended beneficiaries to this
arbitration provision with the same right to compel arbitration to the same extent as the Company. Finally, this arbitration provision
is intended to cover any dispute now in existence (including all claims or potential claims having accrued to date), as well as
any disputes arising in the future, related to Employees’ employment.

 

    3

     

    

 

Disputes which are not
subject to arbitration under this arbitration provision are: (a) disputes concerning the enforceability of this arbitration
provision, which must be decided by a court; (b) claims for workers’ compensation benefits; (c) claims for government
disability benefits; and (d) claims for unemployment insurance. Further, nothing in this arbitration provision shall preclude
Employee from filing complaints or charges with any governmental agency, including without limitation charges filed with the
Equal Employment Opportunity Commission and any similar state or local “EEO” agency, the United States Department
of Labor, and the Securities and Exchange Commission. Nothing in this arbitration provision shall excuse Employee from
bringing an administrative claim before any governmental agency in order to fulfill Employee’s obligation to exhaust
administrative remedies before making a claim in arbitration. In addition, nothing in this arbitration provision shall
prevent either the Company or Employee from applying to courts where necessary to obtain emergency or temporary injunctive
relief in order to prevent irreparable harm pending arbitration of the dispute between the Parties.

 

Binding arbitration under this
arbitration provision shall be conducted in Miami-Dade County, Florida, unless the parties mutually agree to another location.
The arbitration shall be conducted before a neutral arbitrator selected by both parties from the AAA’s Employment Dispute
Resolution Roster. Costs of the arbitration will be governed by the AAA’s Employment Arbitration Rules and Mediation Procedures.
The Federal Rules of Civil Procedure and any comparable state rules shall not apply to the binding arbitration; however, the parties
will be permitted to conduct discovery in accordance with the Federal Rules of Civil Procedure. The arbitrator shall issue a written
opinion setting forth the factual and legal findings and conclusions on which his or her decision is based.

 

The arbitrator shall be authorized
to award whatever remedies are allowed by law, but such remedies shall be limited to those that would be available to a party in
a court of law for the claims presented to, and decided by, the arbitrator. Except as may be permitted or required by law, neither
a party nor an arbitrator may disclose the existence, content, or results of any arbitration hereunder without the prior written
consent of all Parties.

 

A demand for arbitration must
be submitted within the appropriate statute of limitations period under governing law. The arbitrator shall resolve all disputes
regarding the timeliness or propriety of the demand for arbitration.

 

In the event any portion of
this arbitration provision is deemed invalid, void or unenforceable, the remainder of this arbitration provision will be valid
and enforceable. In the event that any portion of the Appellate Rules are deemed invalid, void or unenforceable, the right of either
party to appeal from an arbitration award shall be abolished and the arbitration award shall be final and binding.

 

A copy of the current
versions of AAA’s Employment Arbitration Rules and Mediation Procedures and the Appellate Rules are available online at
https://www.adr.org/Rules By initialing here, Employee acknowledges [he/she] has read this Section 9 in its entirety
and understands and agrees with the arbitration provision herein and has received the Company employee handbook.

    4

     

    

 

		10.	Headings.

 

Headings used in this Agreement are provided for
convenience only and shall not be used to construe meaning or intent.

 

		11.	Non-Solicitation of Employees.

 

Employee agrees to read sign and abide by the Company’s
Non-Solicitation, Confidentiality and Inventions Assignment Agreement attached hereto as Exhibit A.

 

		12.	General Provisions.

 

(a) Counterparts.
This Agreement may be executed in separate counterparts, each of which is deemed to be an original and all of which taken together
constitute one and the same agreement.

 

(b) Successors
and Assigns. This Agreement is intended to bind and inure to the benefit of and be enforceable by Employee, the Company and
their respective heirs, successors and assigns. The Company may assign this Agreement to any person or entity, including, but not
limited to, any successor, parent, subsidiary or affiliated entity of the Company. The Company also may assign this Agreement in
connection with any sale or merger (whether a sale or merger of stock or assets or otherwise) of the Company or the business of
the Company. Employee expressly consents to the assignment of the commitments, restrictions and undertakings set forth in Sections
11 above of this Agreement to any new owner of the Company’s business or purchaser of the Company. Employee may not assign,
pledge, or encumber his interest in this Agreement, or any part thereof, without the written consent of the Company.

 

(c) Amendment
and Waiver. The provisions of this Agreement may be amended or waived only with the prior written consent of the Company and
Employee, which consent explicitly states the intent of both parties hereto to supplement the terms herein, and no course of conduct
or failure or delay in enforcing the provisions of this Agreement shall affect the validity, binding effect or enforceability of
this Agreement. Either party’s failure to enforce any provision of this Agreement shall not in any way be construed as a waiver
of any such provision, or prevent that party thereafter from enforcing each and every other provision of this Agreement.

 

(d)
Attorneys’ Fees. Each side will bear its own attorneys’ fees in any dispute unless a statutory section at issue,
if any, authorizes the award of attorneys’ fees to the prevailing party.

 

(e) Severability.
In the event any provision of this Agreement is found to be unenforceable by an arbitrator or court of competent jurisdiction,
such provision shall be deemed modified to the extent necessary to allow enforceability of the provision as so limited, it being
intended that the parties shall receive the benefit contemplated herein to the fullest extent permitted by law. If a deemed modification
is not satisfactory in the judgment of such arbitrator or court, the unenforceable provision shall be deemed deleted, and the validity
and enforceability of the remaining provisions shall not be affected thereby.

 

    5

     

    

 

(f) Interpretation;
Construction. The headings set forth in this Agreement are for convenience only and shall not be used in interpreting this
Agreement. This Agreement has been drafted by legal counsel representing the Company, but Employee has participated in the negotiation
of its terms. Furthermore, Employee acknowledges that he has had an opportunity to review and revise the Agreement and have it
reviewed by legal counsel, if desired, and, therefore, the normal rule of construction to the effect that any ambiguities are to
be resolved against the drafting party shall not be employed in the interpretation of this Agreement.

 

IN WITNESS WHEREOF, the parties have executed this
Agreement as of the date first written above.

 

	Company:	 	Employee:
	 	 	 
	LMP Motors.com, LLC	 	 
	 	 	/s/ Samer Tawfik
	/s/ Samer Tawfik	 	Sam
    Tawfik (Mar 9, 2018)
	
        Samer Tawfik President, CEO and

        Chairman of the Board of Directors
	 	Samer Tawfik

 

     

     

    

 

EXHIBIT A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     

     

    

 

Exhibit A

 

CONFIDENTIALITY and NON-SOLICITATION,

 

This
Confidentiality and Non-Solicitation Agreement (hereinafter referred to as “Agreement”) is entered into by and between
LMP Motors.com, Inc. (hereinafter referred to as “EMPLOYER”) and Employee (hereinafter referred to as “EMPLOYEE”).
All references to EMPLOYER herein expressly include all affiliates of EMPLOYER, and such affiliates are intended third-party beneficiaries
of this Agreement.

 

WHEREAS,
EMPLOYEE, in the course of performing services for EMPLOYER as its Director of Acquisitions, Due Diligence and Integrations has
or will receive, or will be exposed or have access to, certain trade secrets, confidential and proprietary information, extraordinary
or specialized training, customer lists, and customers and employees of EMPLOYER; and

 

WHEREAS,
EMPLOYEE acknowledges that EMPLOYER has a legitimate business interest in preventing disclosure of its trade secrets, confidential
and proprietary information, customer lists, and training materials and techniques, and in and fostering and preserving its customer
relationships and customer and employee goodwill;

 

THEREFORE,
in consideration of the promises and covenants contained in this Agreement, the parties hereto agree as follows:

 

1. Covenant
Not to Disclose Trade Secrets. During EMPLOYEE’s service for EMPLOYER and for ten (10) years thereafter, EMPLOYEE
promises and agrees not to disclose or utilize any trade secrets acquired during the course of EMPLOYEE’s service with
EMPLOYER to any person or corporation without the express written permission of EMPLOYER. As used herein, “trade
secrets” is to be given the same definition as specified in Florida’s Uniform Trade Secrets Act, §
688.002(4), Florida Statutes, and shall include, but not be limited to, business plans; forecasts and strategies; pricing
schedules and methodologies; marketing and sales techniques and programs; customer or client lists; lists of manufacturers,
distributors, suppliers, or other sources or resources for obtaining products sold by EMPLOYER to its customers or clients;
catalog information; sales or promotional programs; personnel records; administration/accounting records; computer systems or
computer programs; compensation or benefit information for employees or others; information about income, debts, or other
financial matters; and purchasing programs or vendor information. EMPLOYEE is also hereby cautioned that improper disclosure
of trade secrets is a felony under Florida law. EMPLOYEE promises and agrees that if he/she has any question as to whether
certain information constitutes a trade secret, he/she shall request clarification from EMPLOYER, in writing, regardless of
whether EMPLOYEE is performing services for EMPLOYER at the time that such question arises. In addition, EMPLOYEE promises
and agrees that if he/she becomes aware of any unauthorized disclosure of EMPLOYER’s trade secrets, he/she shall
immediately notify EMPLOYER of such disclosure, regardless of whether EMPLOYEE is performing services EMPLOYER at the time
he/she becomes aware of such disclosure.

 

    Page 1 of 6

     

    

 

Exhibit A

 

Nothing
in this Agreement shall prohibit EMPLOYEE from disclosing trade secrets and confidential or proprietary information to the limited
extent permitted by and in accordance with the Defend Trade Secrets
Act of 2016 (“DTSA”). The DTSA provides that: “An individual shall not be held criminally or civilly liable under
a Federal or State trade secret law for the disclosure of a trade secret that:

 

a.
is made – (i) in confidence to a Federal, State or local government official, either directly or indirectly, or to
an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or

 

b. is made
in a complaint or other document filed in a lawsuit or other proceeding, if the filing is made under seal.”

 

The DTSA
further provides that: “an individual who files a lawsuit for retaliation by an employer for reporting a suspected
violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the
court proceeding, if the individual (A) files any document containing the trade secret under seal; and (B) does not disclose
the trade secret, except pursuant to court order.”

 

In
addition, nothing in this Agreement is intended to or shall be interpreted to restrict or otherwise interfere with EMPLOYEE’s:
(a) obligation to testify truthfully in any forum; (b) right and/or obligation to contact, cooperate with, provide information
to – or testify or otherwise participate in any action, investigation or proceeding of – any government agency or entity
(including, but not limited, to the Equal Employment Opportunity Commission, the Department of Justice, the Department of Labor,
the U.S. Securities and Exchange Commission, or the National Labor Relations Board); provided, however, that EMPLOYEE shall seek
from the government agency or entity as much confidentiality protection as available under applicable law for trade secrets and
confidential or proprietary information as described above; or (c) EMPLOYEE’s right and/or obligation to disclose any information
or produce any documents as is required by law or legal process, without prior authorization from or subsequent notification to
EMPLOYER.

 

Further,
and to be more specific, nothing in this Agreement is intended to prohibit EMPLOYEE from reporting possible violations of federal,
state or local law, ordinance or regulation to any governmental agency or entity, including, but not limited to, the Department
of Justice, the U.S. Securities and Exchange Commission, the Equal Employment Opportunity Commission, the Congress and any agency
Inspector General, or otherwise taking action or making disclosures that are protected under the whistleblower provisions of any
federal, state or local law, ordinance or regulation, including, but not limited to, Rule 21F-17 promulgated under the Securities
Exchange Act of 1934, as amended. EMPLOYEE is entitled to make reports and disclosures or otherwise take action under this provision
without the prior authorization from or subsequent notification to EMPLOYER and may do so with the express understanding that EMPLOYER
shall not engage in or tolerate retaliation of any kind. EMPLOYEE is entitled to make reports and disclosures or otherwise take
action under this Section without fear of retaliation of any kind.

 

 

    Page 2 of 6

     

    

 

Exhibit A

 

2. Covenant
Not to Use Other Confidential or Proprietary Information. During EMPLOYEE’s
service for EMPLOYER and for ten (10) years thereafter, EMPLOYEE promises and agrees not to disclose or utilize any
confidential or proprietary information acquired during the course of EMPLOYEE’s service with EMPLOYER to any person or
corporation without the express written permission of EMPLOYER. As used herein, confidential or proprietary information shall
include any confidential or proprietary information of EMPLOYER that does not otherwise qualify as a trade secret, including
without limitation any extraordinary or specialized training that EMPLOYEE has received during his/her service for EMPLOYER.
EMPLOYEE promises and agrees that if he/she has any question as whether certain information constitutes confidential or
proprietary information, he/she shall request clarification from EMPLOYER, in writing, regardless of whether EMPLOYEE is
employed by EMPLOYER at the time that such question arises. In addition, EMPLOYEE promises and agrees that if he/she becomes
aware of any unauthorized disclosure of EMPLOYER’s confidential or proprietary information, he/she shall immediately
notify EMPLOYER of such disclosure, regardless of whether EMPLOYER employs EMPLOYEE at the time he/she becomes aware of such
disclosure. EMPLOYEE further promises and agrees that all records, files, plans, documents, policies and procedures, and the
like relating to the business of EMPLOYER that EMPLOYEE prepares, uses, or comes into contact with, shall be and shall remain
the sole property of EMPLOYER, shall not be copied without written permission, and shall be returned to EMPLOYER at any time
at EMPLOYER’s request. As used herein, the terms “records, files, plans, documents, policies and
procedures” include data stored on a computer or any other electronic medium.

 

3.
Covenant Not to Solicit Prospective or Existing Customers or Clients. During Employee’s service for EMPLOYER
and for two (2) years thereafter, EMPLOYEE shall not, directly or indirectly, solicit, divert, entice, induce, take-away, or attempt
to take away any of EMPLOYER’s prospective or existing customers or clients for any business that is competitive to the business
of EMPLOYER or its affiliates, including without limitation any business engaged in the sale, leasing, and/or financing of used
cars, anywhere in North America.

 

4.
Covenant Not to Hire Company Employees. During EMPLOYEE’s service for EMPLOYER, and for two (2) years thereafter,
EMPLOYEE will not, anywhere in the United States, directly or indirectly, employ, attempt to employ, solicit, entice, or induce,
any other employee of EMPLOYER as a consultant, employee, agent, sales representative, or contractor, or any person who was an
EMPLOYER employee during the six (6) months preceding EMPLOYEE’s departure.

 

5.
Reasonableness of Covenants. In view of the nature of the business in which EMPLOYER is engaged, and in recognition
of EMPLOYER’s position with EMPLOYER and the unique services to be performed by EMPLOYEE, EMPLOYEE acknowledges and agrees
that the restrictions contained in Sections 1 through 4 above are reasonable and necessary to protect the legitimate interests
of EMPLOYER for which monetary damages would not provide an adequate remedy, and that any violation thereof would result in irreparable
injuries to EMPLOYER. EMPLOYEE therefore acknowledges and agrees that, in the event of his violation of any of these restrictions,
EMPLOYER shall be entitled to injunctive and/or other equitable relief as set forth in Section 6 below. EMPLOYEE also acknowledges
and agrees that the restrictions in Sections 1 through 4 above will not preclude EMPLOYEE from earning a living.

 

    Page 3 of 6

     

    

 

Exhibit
A

 

EMPLOYEE represents and
warrants that the knowledge, skill and abilities he possesses at the time of his execution of this Agreement are sufficient to
permit him to earn a living during the two (2) year period following the termination of his employment while honoring his commitments
set forth in Sections 1 through 4 above.

 

6.
Injunctive Relief. Employee agrees that it would be impossible or inadequate to measure and calculate the Company’s
damages from any breach of the covenants set forth in Sections 1 through 4 of this Agreement. Accordingly, EMPLOYEE expressly stipulates
and agrees that if EMPLOYEE breaches or threatens to breach any of such covenants, EMPLOYER will have available, in addition to
any other right or remedy available, the right to obtain injunctive and equitable relief of any type from a court of competent
jurisdiction, including but not limited to restraining such breach or threatened breach and to specific performance of any such
provision of this Agreement. EMPLOYEE irrevocably agrees and consents to jurisdiction and venue for such action, at the aggrieved
EMPLOYER’s option, in a court of competent jurisdiction sitting in Miami-Dade County, Florida.

 

7.
Periods of Prohibition. In the event EMPLOYEE violates or breaches any provision of this Agreement, EMPLOYEE recognizes,
understands and agrees that the time during which EMPLOYEE was in violation of the Agreement will not count toward the periods
of prohibition contained herein. Thus, the periods of prohibition shall run for the entire period from the date that EMPLOYEE ceases,
either voluntarily or by court order, to engage in or do those acts constituting a violation or breach of this Agreement.

 

8.
Consideration for Agreement. EMPLOYEE agrees that gainful employment, or continued gainful employment, with EMPLOYER
constitutes valid and binding consideration for this Agreement.

 

9.
Enforcement by Company’s Successors and Assignees. At EMPLOYER’s sole option, the EMPLOYER’s rights
and obligations under this Agreement will transfer to and be binding upon the EMPLOYER’s successors and assignees. EMPLOYEE
may not assign EMPLOYEE’s rights and obligations under this Agreement.

 

10.
Judicial Modification of Agreement. EMPLOYER and EMPLOYEE specifically agree that a court of competent jurisdiction
may modify or amend this Agreement if necessary to conform with relevant law(s) or binding judicial decisions in effect at the
time EMPLOYER seeks to enforce any or all of said provisions.

 

11.
Severability. If any provision of this Agreement is held invalid for any reason, the other provisions of this Agreement
will remain in effect, insofar as is consistent with law. If a covenant is held to be unenforceable because of the area covered,
the duration thereof and/or the scope thereof, EMPLOYEE agrees that the court making such determination shall have the power to
reduce the area and/or the duration and/or scope thereof, and the covenant shall then be enforceable in its reduced form.

 

    Page 4 of 6

     

    

 

Exhibit
A

 

12.
Independence of Covenants. The covenants set forth herein shall be construed as agreements independent of any other
provision in any other agreement by, between, among, or affecting EMPLOYER and EMPLOYEE, and the existence of any claim or cause
of action of EMPLOYEE against EMPLOYER, whether predicated on this agreement or otherwise, shall not constitute a defense to the
enforcement of this Agreement.

 

13.
Waiver of Breach. The waiver by any party of any breach of any covenant or condition of this Agreement shall not
be construed as a waiver of any subsequent breach of such covenant or condition or of the breach of any other covenant or condition
contained in this Agreement.

 

14.
Governing Law and Interpretation. This Agreement shall be governed by and construed in accordance with the laws of
the State of Florida. Its language shall be construed as a whole, according to its fair meaning, and not strictly for or against
either party, no matter who may have drafted the language in question.

 

15.
Choice of Forum and Jury Waiver. In the event of a dispute as to the interpretation, application or violation of
this Agreement, it is understood and agreed that such dispute shall be resolved before a court of competent jurisdiction in Miami-Dade
County, Florida. The parties agree that any such dispute shall be resolved by a judge, not by a jury.

 

16.
Entire Agreement. This Agreement contains the entire agreement and understanding between EMPLOYER and EMPLOYEE with
respect to the matters set forth herein.

 

17.
Oral Modifications Not Binding. This Agreement contains the complete understanding of the parties and any changes
must be in writing and signed by the parties. EMPLOYEE hereby certifies that he/she has received a copy of this Agreement for review
and study, has read the Agreement carefully, and agrees to abide by all of its provisions.

 

IN WITNESS
WHEREOF, the parties have executed this Agreement on this 20th day of February, 2018,
in Miami-Dade County, Florida.

 

	 	LMP
    Motors.com, LLC
	 	 	 
	 	By:	/s/
    Sam Tawfik
	 	 	Sam Tawfik, General
    Partner
	 	 	
	 	Date:	03-26-18
	 	 	 
	 	EMPLOYEE
	 	 	 
	 	Signature:

	/s/
    Sam Tawfik
	 	 	Sam Tawfik (March
    9, 2018)

 

    Page 5 of 6

     

    

 

Exhibit A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

	 	Print Name:	 Samer Tawfik
	 	 	 
	 	Date:	02/20/2018

 

 

Page 6 of 6Exhibit 10.2

 

 

 

 

 

 

 

 

 

 

 

 

LMP AUTOMOTIVE
HOLDINGS, INC.

 

2018
Equity Incentive Plan

 

 

 

 

 

 

 

 

 

 

 

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	I.	ESTABLISHMENT, OBJECTIVES AND DURATION	1
	 	 	 
	II.	DEFINITIONS	1
	 	 	 
	III.	ADMINISTRATION	6
	 	 	 
	IV.	SHARES SUBJECT TO THE PLAN AND MAXIMUM AWARDS	6
	 	 	 
	V.	ELIGIBILITY AND PARTICIPATION	7
	 	 	 
	VI.	STOCK OPTIONS	8
	 	 	 
	VII.	STOCK APPRECIATION RIGHTS	10
	 	 	 
	VIII.	RESTRICTED STOCK	11
	 	 	 
	IX.	RESTRICTED STOCK UNITS	14
	 	 	 
	X.	PERFORMANCE UNITS AND PERFORMANCE SHARES	15
	 	 	 
	XI.	PERFORMANCE MEASURES	16
	 	 	 
	XII.	BENEFICIARY DESIGNATION	17
	 	 	 
	XIII.	DEFERRALS	17
	 	 	 
	XIV.	RIGHTS OF PARTICIPANTS	17
	 	 	 
	XV.	AMENDMENT, MODIFICATION, TERMINATION AND ADJUSTMENTS	18
	 	 	 
	XVI.	PAYMENT OF PLAN AWARDS AND CONDITIONS THEREON	18
	 	 	 
	XVII.	CHANGE IN CONTROL	19
	 	 	 
	XVIII. 	TAX PROVISIONS	19
	 	 	 
	XIX.	INDEMNIFICATION	20
	 	 	 
	XX.	SUCCESSORS	20
	 	 	 
	XXI.	LEGAL CONSTRUCTION	21

 

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LMP AUTOMOTIVE
HOLDINGS, INC.

2018
Equity Incentive Plan

 

		I.	ESTABLISHMENT, OBJECTIVES AND DURATION

 

A. ESTABLISHMENT
OF THE PLAN. LMP AUTOMOTIVE HOLDINGS, INC., a Delaware corporation (hereinafter referred to as the “Company”), hereby
adopts an incentive compensation plan designated as the “LMP AUTOMOTIVE HOLDINGS. INC. 2018 EQUITY INCENTIVE PLAN”
(hereinafter referred to as the “Plan”), as set forth in this document. The Plan permits the grant of Nonqualified
Stock Options, Incentive Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares
and Performance Units.

 

Subject to approval
by the Company’s stockholders, the Plan shall become effective as of January 31, 2018 (the “Effective Date”).
The Plan shall remain in effect as provided in Section I.C hereof.

 

B. OBJECTIVES
OF THE PLAN. The objectives of the Plan are to optimize the profitability and growth of the Company through incentives which are
consistent with the Company’s goals and which link the personal interests of Participants to those of the Company’s
stockholders; to provide Participants with an incentive for excellence in individual performance; and to promote teamwork among
Participants.

 

It is also intended
with respect to the Non-Employee Directors of the Company that the Committee be able to choose from among Awards of Non-Qualified
Stock Options, Stock Appreciation Rights, Restricted Stock and RSUs which will (a) permit Non-Employee Directors to increase their
ownership and proprietary interest in the Company and enhance their identification with the interests of the Company’s stockholders,
(b) provide a means of compensating Non-Employee Directors that will help attract qualified candidates to serve as Non-Employee
Directors, and (c) induce incumbent Non-Employee Directors to continue to serve if the Board desires that they remain on the Board.

 

C. DURATION
OF THE PLAN. The Plan shall commence on the Effective Date and shall remain in effect, subject to the right of the Board of Directors
to amend or terminate the Plan at any time pursuant to Article XV hereof, until all Shares subject to it shall have been purchased
or acquired according to the Plan’s provisions. However, in no event may an Award be granted under the Plan on or after January
30, 2028.

 

		II.	DEFINITIONS

 

Whenever used in the
Plan, the following terms shall have the meanings set forth below, and when the meaning is intended, the initial letter of the
word shall be capitalized:

 

A. “AFFILIATE”
shall have the meaning ascribed to such term in Rule 12b-2 of the General Rules and Regulations of the Exchange Act.

 

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B. “AWARD”
means, individually or collectively, a grant under this Plan of Nonqualified Stock Options, Incentive Stock Options, Stock Appreciation
Rights, Restricted Stock, Restricted Stock Units, Performance Shares or Performance Units.

 

C. “AWARD
AGREEMENT” means an agreement entered into by the Company and each Participant setting forth the terms and provisions applicable
to Awards granted under this Plan.

 

D. “BENEFICIAL
OWNER” or “BENEFICIAL OWNERSHIP” shall have the meaning ascribed to such term in Rule 13d-3 of the General Rules
and Regulations under the Exchange Act.

 

E. “BOARD”
or “BOARD OF DIRECTORS” means the Board of Directors of the Company.

 

F. “CHANGE
IN CONTROL” shall be deemed to have occurred as of the first day that any one or more of the following conditions shall have
been satisfied:

 

		1.	the “Beneficial Ownership” of securities as defined in Rule 13d-3 under the Exchange
Act representing more than fifty percent (50%) of the combined voting power of the Company is acquired by any “person”
as defined in Section 3(a)(9) of the Exchange Act (other than the Company, any trustee or other fiduciary holding securities under
an employee benefit plan of the Company, or any corporation owned, directly or indirectly, by the stockholders of the Company in
substantially the same proportions as their ownership of stock of the Company); or

 

		2.	the consummation of a definitive agreement to merge or consolidate the Company with or into another
corporation or to sell or otherwise dispose of all or substantially all of its assets, or adopt a plan of liquidation other than
for the sole purpose of changing the company’s domicile or a recapitalization or reorganization and that results in more
than 50% change in stock ownership.

 

Notwithstanding the foregoing,
with respect to any Award subject to Code Section 409A, a “Change in Control” of the Company is deemed to have occurred
as of the first day that any one or more of the following conditions shall have been satisfied:

 

		3.	Change in Ownership: A change in ownership of the Company occurs on the date that any one
person, or more than one person acting as a group, acquires ownership of stock of the Company that, together with stock held by
such person or group, constitutes more than fifty percent (50%) of the total fair market value or total voting power of the stock
of the Company, excluding the acquisition of additional stock by a person or more than one person acting as a group who is considered
to own more than fifty percent (50%) of the total fair market value or total voting power of the stock of the Company.

 

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		4.	Change in Effective Control: A change in effective control of the Company occurs only on
either of the following dates:

 

		a.	The date any one person, or more than one person acting as a group, acquires (or has acquired during
the twelve (12) month period ending in the date of the most recent acquisition by such person or persons) ownership of stock of
the Company possessing 50% or more of the total voting power of the stock of the Company; or

 

		b.	The date a majority of the members of the Board is replaced during any (12) month period by directors
whose appointment or election is not endorsed by a majority of the members of the board of directors before the date of the appointment
or election; provided that this paragraph (b) shall apply only to the company for which no other corporation is a majority shareholder.

 

		5.	Change in Ownership of Substantial Assets: A change in the ownership of a substantial portion
of the Company’s assets occurs on the date that any one person, or more than one person acting as a group, acquires (or has
acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) assets
from the Company that have a total gross fair market value equal to or more than forty percent (40%) of the total gross fair market
value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities
associated with such assets.

 

It is the intent that this definition
be construed to satisfy the definition of “Change of Control” as defined under Internal Revenue Code Section 409A and
the applicable Treasury Regulations, as amended from time to time.

 

G. “CODE”
means the Internal Revenue Code of 1986, as amended from time to time.

 

H. “COMPANY”
means LMP AUTOMOTIVE HOLDINGS, INC., a Delaware corporation, including any and all Subsidiaries, and any successor thereto as provided
in Article XX herein.

 

I. “DIRECTOR”
means any individual who is a member of the Board of Directors of the Company or any Subsidiary; provided, however, that any Director
who is employed by the Company shall be considered an Employee under the Plan.

 

J. “DISABILITY”
with respect to any Award, a Participant shall be considered Disabled if the Participant is considered “disabled” under
the Company’s long-term disability plan then in effect, or if none, then if the Participant qualifies to receive disability
payments under the federal Social Security Act.

 

K. “EFFECTIVE
DATE” shall mean January 31, 2018.

 

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L. “EMPLOYEE”
means any full-time, active employee of the Company or its Subsidiaries. Directors who are not employed by the Company shall not
be considered Employees under this Plan.

 

M. “EXCHANGE
ACT” means the Securities Exchange Act of 1934, as amended from time to time, or any successor act thereto.

 

N. “FAIR
MARKET VALUE” means, as of any date, the value of a Share determined as follows:

 

		1.	if such Shares then publicly traded on a national securities exchange, its closing price on the
date of determination on the principal national securities exchange on which the Shares are listed or admitted to trading as reported
in The Wall Street Journal;

 

		2.	if such Shares are publicly traded
but is not listed or admitted to trading on a national securities exchange, the average of the closing bid and asked prices on
the date of determination as reported by The Wall Street Journal (or, if not so reported, as otherwise reported by any newspaper
or other source as the Committee may determine); or

 

		3.	if none of the foregoing is applicable to the valuation in question, by the Committee in good faith.

 

O. “FREESTANDING
SAR” means an SAR that is granted independently of any Options, as described in Article VII herein.

 

P. “INCENTIVE
STOCK OPTION” or “ISO” means an option to purchase Shares granted under Article VI herein and which is designated
as an Incentive Stock Option and which is intended to meet the requirements of Code Section 422.

 

Q. “INSIDER”
shall mean an individual who is, on the relevant date, an officer, director or more than ten percent (10%) Beneficial Owner of
any class of the Company’s equity securities that is registered pursuant to Section 12 of the Exchange Act, all as defined
under Section 16 of the Exchange Act.

 

R. “NON-EMPLOYEE
DIRECTOR” shall mean a Director who is not also an Employee.

 

S. “NON-QUALIFIED
STOCK OPTION” or “NQSO” means an option to purchase Shares granted under Article VI herein and which is not intended
to meet the requirements of Code Section 422.

 

T. “OPTION”
means an Incentive Stock Option or a Nonqualified Stock Option, as described in Article VI herein.

 

U. “OPTION
PRICE” means the price at which a Share may be purchased by a Participant pursuant to an Option.

 

    4

     

    

 

V. “PARTICIPANT”
means: (1) an Employee or consultant who has been selected to receive an Award or who has an outstanding Award granted under the
Plan; or (2) a Non-Employee Director who has been selected to receive an Award other than an Incentive Stock Option, Performance
Share or Performance Unit or who has an outstanding Award other than an Incentive Stock Option, Performance Share or Performance
Unit granted under the Plan.

 

W. “PERFORMANCE
SHARE” means an Award granted to a Participant (other than a Non-Employee Director), as described in Article X herein, that
shall have an initial value equal to the Fair Market Value of a Share on the date of grant.

 

X. “PERFORMANCE
UNIT” means an Award granted to a Participant (other than a Non-Employee Director), as described in Article X herein, that
shall have an initial value that is established by the Committee on the date of grant.

 

Y. “PERIOD
OF RESTRICTION” means the period during which the transfer of Shares of Restricted Stock or Restricted Stock Units is limited
in some way (based on the passage of time, the achievement of performance goals or upon the occurrence of other events as determined
by the Committee, at its discretion, as specified in the Award Agreement), and the Shares are subject to a substantial risk of
forfeiture, as provided in Article VIII and Article IX herein.

 

Z. “PERSON”
shall have 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,
including a “group” as defined in Section 13(d) thereof.

 

AA. “RESTRICTED
STOCK” means an Award granted to a Participant pursuant to Article VIII herein.

 

BB. “RESTRICTED
STOCK UNIT” or “RSU” means an award granted to a Participant pursuant to Article IX herein.

 

CC. “SEPARATION
FROM SERVICE” means a termination of employment or other separation from service as described in Code Section 409A and the
regulations thereunder.

 

DD. “SHARES”
means the shares of common stock of the Company.

 

EE. “STOCK
APPRECIATION RIGHT” or “SAR” means an Award, granted alone or, in connection with a related Option, designated
as an SAR, pursuant to the terms of Article VII herein.

 

FF. “SUBSIDIARY”
means any corporation, partnership, joint venture or other entity in which the Company has a majority voting interest (including
all divisions, affiliates and related entities).

 

GG. “TANDEM
SAR” means an SAR that is granted in connection with a related Option pursuant to Article VII herein, the exercise of which
shall require forfeiture of the right to purchase a Share under the related Option (and when a Share is purchased under the Option,
the Tandem SAR shall similarly be canceled).

 

    5

     

    

 

		III.	ADMINISTRATION

 

A. THE
COMMITTEE. Prior to the date, if any, upon which the Company becomes subject to the Exchange Act, the Plan shall be administered
by the Committee or, in the absence thereof, the Board. On or after the date upon which the Company becomes subject to the Exchange
Act, the Plan shall be administered by the Committee. The Committee shall be composed solely of, and not fewer than two Directors
who meet the “Non-Employee Director” requirements of Rule 16b-3 promulgated by the Securities and Exchange Commission
under the Exchange Act and who are independent as defined by the rules of any national securities exchange or the Nasdaq National
Markets, as the case may be, on which any securities of the Company are listed for trading.

 

B. AUTHORITY
OF THE COMMITTEE. Except as limited by law or by the Articles of Incorporation or Bylaws of the Company, and subject to the provisions
herein, the Committee shall have full power to select Employees and Non-Employee Directors who shall participate in the Plan; determine
the sizes and types of Awards; determine the terms and conditions of Awards in a manner consistent with the Plan; construe and
interpret the Plan and any agreement or instrument entered into under the Plan; establish or amend rules and regulations for the
Plan’s administration; and (subject to the provisions of Article XV herein) amend the terms and conditions of any outstanding
Award to the extent such terms and conditions are within the discretion of the Committee as provided in the Plan. Further, the
Committee is empowered hereby to make all other determinations which may be necessary or advisable for the administration of the
Plan. As permitted by law, the Committee may delegate its authority as identified herein.

 

C. DECISIONS
BINDING. All determinations and decisions made by the Committee pursuant to the provisions of the Plan and all related orders and
resolutions of the Board shall be final, conclusive and binding on all persons, including the Company, its stockholders, Directors,
Employees, Participants and their estates and beneficiaries.

 

		IV.	SHARES SUBJECT TO THE PLAN AND MAXIMUM AWARDS

 

A. NUMBER
OF SHARES AVAILABLE FOR GRANTS. Subject to Sections IV.B and IV.C herein, the maximum number of Shares with respect to which Awards
may be granted to Participants under the Plan, together with the granting of ISOs under the Plan shall not exceed one million five
hundred thousand (1,500,000). Shares issued under the Plan may be either authorized but unissued Shares, treasury Shares or any
combination thereof.

 

B. ADJUSTMENTS
FOR AWARDS AND PAYOUTS. Unless determined otherwise by the Committee, the following Awards and payouts will reduce, on a one-for-one
basis, the number of Shares available for issuance under the Plan:

 

		1.	An Award of an Option;

 

		2.	An Award of a SAR;

 

		3.	An Award of Restricted Stock;

 

    6

     

    

 

		4.	A payout of a Performance Share Award in Shares; and

 

		5.	A payout of a Performance Units Award in Shares.

 

Unless determined otherwise
by the Committee, unless a Participant has received a benefit of ownership such as dividend or voting rights with respect to the
Award, the following transactions will restore, on a one-for-one basis, the number of Shares available for issuance under the Plan:

 

		1.	A payout of a SAR or a Tandem SAR in cash;

 

		2.	A cancellation, termination, expiration, forfeiture or lapse for any reason (with the exception
of the termination of a Tandem SAR upon exercise of the related Options, or the termination of a related Option upon exercise of
the corresponding Tandem SAR) of any Award payable in Shares;

 

		3.	Shares tendered in payment of the exercise price of an Option;

 

		4.	Shares withheld for payment of federal, state or local taxes;

 

		5.	Shares repurchased by the Company with proceeds collected in connection with the exercise of outstanding
Options; and

 

		6.	The net Shares issued in connection with the exercise of SARs (as opposed to the full number of
Shares underlying the exercised portion of the SAR).

 

C. ADJUSTMENTS
IN AUTHORIZED SHARES. In the event of any change in corporate capitalization such as a stock split or stock dividend, or a corporate
transaction such as any merger, consolidation, separation, including a spin-off, or other distribution of stock or property of
the Company, any reorganization (whether or not such reorganization comes within the definition of such term in Code Section 368)
or any partial or complete liquidation of the Company, such adjustment shall be made in the number and class of Shares which are
reserved and may be delivered under Section IV.A, in the number and class of and/or price of Shares subject to outstanding Awards
granted under the Plan, and in the Award limits set forth in subsections IV.A.1 through IV.A.6, inclusive as may be determined
to be appropriate and equitable by the Committee, in its sole discretion, to prevent dilution or enlargement of rights; provided,
however, that the number of Shares subject to any Award shall always be a whole number.

 

		V.	ELIGIBILITY AND PARTICIPATION

 

A. ELIGIBILITY.
Persons eligible to participate in this Plan include officers and certain key salaried Employees of the Company with potential
to contribute to the success of the Company or its Subsidiaries, including Employees who are members of the Board. Notwithstanding
the foregoing, Non-Employee Directors of the Company or consultants shall be eligible to participate in the Plan with respect to
Awards of Non-Qualified Stock Options, Stock Appreciation Rights, Restricted Stock and RSUs, as specified in Article VI, Article
VII, Article VIII and Article IX. Except as otherwise specifically provided in this Plan, the Committee shall determine the terms
and conditions of any such Awards to Non-Employee Directors, including the terms and conditions which shall apply upon a termination
of the Non-Employee Director’s service as a member of the Board, and shall have full power and authority in its discretion
to administer such Awards, subject to the terms of the Plan and applicable law.

 

    7

     

    

 

B. ACTUAL
PARTICIPATION. Subject to the provisions of the Plan, the Committee may, from time to time, select in its sole and broad discretion,
upon or without the recommendation of officers of the Company, from all eligible Employees those to whom Awards shall be granted,
and shall determine the nature and amount of each Award.

 

		VI.	STOCK OPTIONS

 

A. GRANT
OF OPTIONS. Subject to the terms and provisions of the Plan, Options may be granted to Participants in such number, and upon such
terms, and at any time and from time to time as shall be determined by the Committee. For purposes of this Article VI, with respect
to NQSOs only, the term “Participant” shall include Non-Employee Directors and consultants of the Company.

 

B. AWARD
AGREEMENT. Each Option grant shall be evidenced by an Award Agreement that shall specify the Option Price, the duration of the
Option, the number of Shares to which the Option pertains, and such other provisions as the Committee shall determine. The Award
Agreement also shall specify whether the Option is intended to be an ISO within the meaning of Code Section 422, or an NQSO, whose
grant is intended not to fall under the provisions of Code Section 422.

 

C. OPTION
PRICE. The Option Price for each grant of an Option under this Plan shall be at least equal to one hundred percent (100%) of the
Fair Market Value of a Share on the date the Option is granted. Notwithstanding the foregoing, no ISO shall be granted to any person
who, immediately prior to the grant, owns stock possessing more than ten percent (10%) of the total combined voting power of all
classes of stock of the Company, unless the Option Price is at least one hundred ten percent (110%) of the Fair Market Value of
a Share on the date of grant of the Option.

 

D. DURATION
OF OPTIONS. Each Option granted to a Participant shall expire at such time as the Committee shall determine at the time of grant;
provided, however, that no Option shall be exercisable later than the tenth (10th) anniversary following the date of
its grant and provided further that no Option that is an ISO shall be exercisable later than the fifth (5th) anniversary
following the date of its grant to a Participant, who at the time of such grant owns stock possessing more than ten percent (10%)
of the total combined voting power of all classes of stock of the Company.

 

E. EXERCISE
OF OPTIONS. Options granted under this Article VI shall be exercisable at such times and be subject to such restrictions and conditions
as the Committee shall in each instance approve, which need not be the same for each grant or for each Participant.

 

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F. PAYMENT.
Options granted under this Article VI shall be exercised by the delivery of a written notice of exercise to the Company, setting
forth the number of Shares with respect to which the Option is to be exercised, accompanied by full payment for the Shares.

 

The Option Price upon
exercise of any Option shall be payable to the Company in full either: (a) in cash or its equivalent; or (b) by tendering previously
acquired Shares having an aggregate Fair Market Value at the time of exercise equal to the total Option Price (provided that the
Shares which are tendered must have been held by the Participant for at least six months prior to their tender to satisfy the Option
Price); or (c) by a combination of (a) and (b).

 

The Committee, in its
discretion, may also (a) allow cashless exercise as permitted under Federal Reserve Board’s Regulation T, subject to applicable
securities law restrictions, (b) cashless exercise by the Participant by the Company’s withholding of Shares issuable upon
exercise of an Option, or (c) by any other means which the Committee determines to be consistent with the Plan’s purpose
and applicable law.

 

Subject to any governing
rules or regulations, as soon as practicable after receipt of a written notification of exercise and full payment, the Company
shall deliver to the Participant, in the Participant’s name, Share certificates in an appropriate amount based upon the number
of Shares purchased under the Option(s).

 

G. RESTRICTIONS
ON SHARE TRANSFERABILITY. The Committee may impose such restrictions on any Shares acquired pursuant to the exercise of an Option
granted under this Article VI as it may deem advisable, including, without limitation, restrictions under applicable federal securities
laws, under the requirements of any stock exchange or market upon which such Shares are then listed and/or traded, and under any
blue sky or state securities laws applicable to such Shares.

 

H. TERMINATION
OF EMPLOYMENT BY A PARTICIPANT WHO IS AN EMPLOYEE. With respect to a Participant who is an Employee, each Option Award Agreement
shall set forth the extent to which the Participant shall have the right to exercise the Option following termination of the Participant’s
employment with the Company, with the exception of a termination of employment after a Change in Control, which is controlled by
Article XVII. Such provisions shall be determined in the sole discretion of the Committee but shall conform to the limitations
established in Section VI.D, shall be included in the Award Agreement entered into with each Participant, need not be uniform among
all Options issued pursuant to this Article VI, and may reflect distinctions based on the reasons for termination of employment.

 

I. NON-TRANSFERABILITY
OF OPTIONS.

 

		1.	INCENTIVE STOCK OPTIONS. No ISO granted under the Plan may be sold, transferred, pledged, assigned
or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Further, all ISOs granted
to a Participant under the Plan shall be exercisable during his or her lifetime only by such Participant or the Participant’s
legal representative (to the extent permitted under Code Section 422).

 

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		2.	NONQUALIFIED STOCK OPTIONS. No NQSO granted under this Article VI may be sold, transferred, pledged,
assigned or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Further, except
as otherwise provided in a Participant’s Award Agreement, all NQSOs granted to a Participant under this Article VI shall
be exercisable during his or her lifetime only by such Participant or the Participant’s legal representative.

 

		VII.	STOCK APPRECIATION RIGHTS

 

A. GRANT
OF SARS. Subject to the terms and conditions of the Plan, SARs may be granted to Participants at any time and from time to time
as shall be determined by the Committee. The Committee may grant Freestanding SARs, Tandem SARs or any combination of these forms
of SAR. For purposes of this Article VII, the term “Participant” shall include Non-Employee Directors of the Company
and consultants; provided, however, that a Tandem SAR may not be granted to a Non-Employee Director or consultant unless the related
Option is a NQSO.

 

The Committee shall
have complete discretion in determining the number of SARs granted to each Participant (subject to Article IV herein) and, consistent
with the provisions of the Plan, in determining the terms and conditions pertaining to such SARs.

 

The grant price of
a Freestanding SAR shall equal the Fair Market Value of a Share on the date of grant of the SAR. The grant price of Tandem SARs
shall equal the Option Price of the related Option.

 

B. EXERCISE
OF TANDEM SARS. Tandem SARs may be exercised for all or part of the Shares subject to the related Option upon the surrender of
the right to exercise the equivalent portion of the related Option. A Tandem SAR may be exercised only with respect to the Shares
for which its related Option is then exercisable.

 

Notwithstanding any
other provision of this Plan to the contrary, with respect to a Tandem SAR granted to an Employee in connection with an ISO: (i)
the Tandem SAR will expire no later than the expiration of the underlying ISO; (ii) the value of the payout with respect to the
Tandem SAR may be for no more than one hundred percent (100%) of the difference between the Option Price of the underlying ISO
and the Fair Market Value of the Shares subject to the underlying ISO at the time the Tandem SAR is exercised; and (iii) the Tandem
SAR may be exercised only when the Fair Market Value of the Shares subject to the ISO exceeds the Option Price of the ISO.

 

C. EXERCISE
OF FREESTANDING SARS. Freestanding SARs may be exercised upon whatever terms and conditions the Committee, in its sole discretion,
imposes upon them.

 

D. SAR
AGREEMENT. Each SAR grant shall be evidenced by an Award Agreement that shall specify the grant price, the term of the SAR, and
such other provisions as the Committee may determine.

 

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E. TERM
OF SARS. The term of an SAR granted under the Plan shall be determined by the Committee, in its sole discretion; provided, however,
that such term shall not exceed ten (10) years.

 

F. PAYMENT
OF SAR AMOUNT. Upon exercise of an SAR, a Participant shall be entitled to receive payment from the Company in an amount determined
by multiplying:

 

		1.	the difference between the Fair Market Value of a Share on the date of exercise over the grant
price; by

 

		2.	the number of Shares with respect to which the SAR is exercised.

 

At the discretion of
the Committee, the payment upon SAR exercise may be in cash, in Shares of equivalent value, or in some combination thereof. The
Committee’s determination regarding the form of SAR payout shall be set forth in the Award Agreement pertaining to the grant
of the SAR.

 

G. TERMINATION
OF EMPLOYMENT BY A PARTICIPANT WHO IS AN EMPLOYEE. With respect to a Participant who is an Employee, each SAR Award Agreement shall
set forth the extent to which the Participant shall have the right to exercise the SAR following termination of the Participant’s
employment with the Company and/or its Subsidiaries, with the exception of a termination of employment that occurs after a Change
in Control, which is controlled by Article XVII. Such provisions shall be determined in the sole discretion of the Committee, shall
be included in the Award Agreement entered into with Participants, need not be uniform among all SARs issued pursuant to the Plan
and may reflect distinctions based on the reasons for termination of employment.

 

H. NON-TRANSFERABILITY
OF SARS. No SAR granted under the Plan may be sold, transferred, pledged, assigned or otherwise alienated or hypothecated, other
than by will or by the laws of descent and distribution. Further, except as otherwise provided in a Participant’s Award Agreement,
all SARs granted to a Participant under the Plan shall be exercisable during his or her lifetime only by such Participant or the
Participant’s legal representative.

 

		VIII.	RESTRICTED STOCK

 

A. GRANT
OF RESTRICTED STOCK. Subject to the terms and provisions of the Plan, the Committee, at any time and from time to time, may grant
Shares of Restricted Stock to Participants in such amounts as the Committee shall determine. For purposes of this Article VIII,
the term “Participant” shall include Non-Employee Directors of the Company and consultants.

 

B. RESTRICTED
STOCK AGREEMENT. Each Restricted Stock grant shall be evidenced by a Restricted Stock Award Agreement that shall specify the Period(s)
of Restriction, the number of Shares of Restricted Stock granted and such other provisions as the Committee shall determine.

 

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C. NON-TRANSFERABILITY.
Except as provided in this Article VIII and subject to federal securities laws, the Shares of Restricted Stock granted under the
Plan may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated until the end of the applicable Period
of Restriction established by the Committee and specified in the Restricted Stock Award Agreement, or upon earlier satisfaction
of any other conditions, as specified by the Committee in its sole discretion and as set forth in the Restricted Stock Award Agreement.
All rights with respect to the Restricted Stock granted to a Participant under the Plan shall be available during his or her lifetime
only to such Participant or the Participant’s legal representative for the Period of Restriction.

 

D. OTHER
RESTRICTIONS. Subject to Article XI herein, the Committee may impose such other conditions and/or restrictions on any Shares of
Restricted Stock granted pursuant to the Plan as it may deem advisable including, without limitation, a requirement that Participants
pay a stipulated purchase price for each Share of Restricted Stock, restrictions based upon the achievement of specific performance
goals (Company-wide, divisional and/or individual), time-based restrictions on vesting following the attainment of the performance
goals and/or restrictions under applicable federal or state securities laws.

 

The Company may retain
the certificates representing Shares of Restricted Stock in the Company’s possession until such time as all conditions and/or
restrictions applicable to such Shares have been satisfied.

 

Except as otherwise
provided in this Article VIII and subject to Federal securities laws, Shares of Restricted Stock covered by each Restricted Stock
grant made under the Plan shall become freely transferable by the Participant after the last day of the applicable Period of Restriction.

 

E. VOTING
RIGHTS. Participants holding Shares of Restricted Stock granted hereunder may be granted the right to exercise full voting rights
with respect to those Shares during the Period of Restriction.

 

F. DIVIDENDS
AND OTHER DISTRIBUTIONS. During the Period of Restriction, Participants holding Shares of Restricted Stock granted hereunder shall
be credited with regular cash dividends paid with respect to the underlying Shares while they are so held. The Committee may apply
any restrictions to the dividends that the Committee deems appropriate. Notwithstanding anything to the contrary herein, (i) dividends
accrued on Restricted Stock will only be paid if the Restricted Stock vests; and (ii) for any Award that is governed by Code Section
409A regarding non-qualified deferred compensation, the Committee shall establish the schedule of any payments of dividends in
accordance with the requirements of Code Section 409A or any guidance promulgated thereunder.

 

G. TERMINATION
OF EMPLOYMENT BY A PARTICIPANT WHO IS AN EMPLOYEE. With respect to a Participant who is an Employee, each Restricted Stock Award
Agreement shall set forth the extent to which the Participant shall have the right to receive non-vested Restricted Shares following
termination of the Participant’s employment with the Company. Such provisions shall be determined in the sole discretion
of the Committee, shall be included in the Award Agreement entered into with each Participant, need not be uniform among all Shares
of Restricted Stock issued pursuant to the Plan and may reflect distinctions based on the reasons for termination of employment.

 

    12

     

    

 

 H. ADDITIONAL PROVISIONS RELATED TO RESTRICTED STOCK AWARDS TO NON-EMPLOYEE DIRECTORS.

 

		1.	AWARD DATES. Effective as of the date specified by the Committee in its sole discretion, each Non-Employee
Director will be awarded such number of Shares of Restricted Stock as determined by the Board, after consideration of the recommendation
of the Committee. Non-Employee Directors may, but need not, be awarded the same number of Shares of Restricted Stock. A Non-Employee
Director who is first elected to the Board on a date subsequent to the date specified by the Committee in its sole discretion will
be awarded such number of Shares of Restricted Stock as of such date of election as determined by the Board, after consideration
of the recommendation of the Committee.

 

		2.	DIVIDEND RIGHTS OF HOLDERS OF RESTRICTED STOCK. Notwithstanding Section VIII.F., upon issuance
of a Restricted Stock Agreement, the Non-Employee Director in whose name the Restricted Stock Agreement is registered will, subject
to the provisions of the Plan have the right to receive cash dividends and other cash distributions thereon.

 

		3.	PERIOD OF RESTRICTION. Restricted Stock will be subject to the restrictions set forth in Section
VIII.H.4. and the other provisions of the Plan during the Period of Restriction commencing on the date as of which the Restricted
Stock is awarded (the “Award Date”) and ending on the earliest of the first to occur of the following:

 

		a.	the retirement of the Non-Employee Director from the Board in compliance with the Board’s
retirement policy as then in effect;

 

		b.	the termination of the Non-Employee Director’s service on the Board as a result of the Non-Employee
Director’s not being nominated for reelection by the Board;

 

		c.	the termination of the Non-Employee Director’s service on the Board because of the Non-Employee
Director’s resignation or failure to stand for reelection with the consent of the Company’s Board (which means approval
by at least 80% of the Directors voting, with the affected Non-Employee Director abstaining);

 

		d.	the termination of the Non-Employee Director’s service on the Board because the Non-Employee
Director, although nominated for reelection by the Board, is not reelected by the stockholders;

 

		e.	the termination of the Non-Employee Director’s service on the Board because of (i) the Non-Employee’s
Director’s resignation at the request of the Board or the Nominating and Governance Committee of the Board (or successor
committee), (ii) the Non-Employee Director’s removal by action of the stockholders or by the Board, or (iii) a Change in
Control of the Company;

 

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		f.	the termination of the Non-Employee Director’s service on the Board because of Disability
or death; or

 

		g.	the vesting of the Restricted Stock.

 

Section VIII.H.3.a.
through g. above are subject to the further restrictions that a removal or resignation for “Cause” will be deemed to
not constitute completion of the Period of Restriction and will result in a forfeiture of Restricted Stock not previously vested
under Section VIII.H.4. For purposes of this Plan, “Cause” will be a good faith determination by the Board that the
Non-Employee Director (i) failed to substantially perform his or her duties (other than a failure resulting from his or her incapacity
due to physical or mental illness) after a written demand for substantial performance has been delivered to him or her by the Board,
which demand specifically identifies the manner in which the Board believes such Non-Employee Director has not substantially performed
his or her duties; (ii) has engaged in conduct the consequences of which are materially adverse to the Company, monetarily or otherwise;
or (iii) has pleaded guilty or nolo contendere to or been convicted of a felony. The Non-Employee Director will not be deemed
to have been terminated for Cause unless there will have been delivered to the Non-Employee Director a letter from the Board setting
forth the reasons for the Company’s termination of the Non-Employee Director for Cause and, with respect to (i) or (ii),
stating that the Non-Employee Director has failed to cure such reason for termination within thirty (30) days after the Non-Employee
Director’s receipt of such notice.

 

		4.	FORFEITURE OF RESTRICTED STOCK. As of the date (“Termination Date”) a Non-Employee
Director ceases to be a member of the Board for any reason, including but not limited to removal or resignation for Cause, the
Non-Employee Director shall forfeit to the Company all Restricted Stock awarded to the Non-Employee Director for which the Period
of Restriction has not ended pursuant to Section VIII.H.3. as of or prior to the Termination Date.

 

		IX.	RESTRICTED STOCK UNITS

 

A. GRANT
OF RESTRICTED STOCK UNITS. Subject to the terms of the Plan, RSUs may be granted to Participants in such amounts and upon such
terms, and at any time and from time to time, as shall be determined by the Committee. For purposes of this Article IX, the term
“Participant” shall include Non-Employee Directors of the Company and consultants.

 

B. RESTRICTED
STOCK UNIT AGREEMENT. Each RSU grant shall be evidenced by a Restricted Stock Unit Award Agreement that shall specify the Period(s)
of Restriction, the number of RSUs granted, and such other provisions as the Committee may determine.

 

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C. VALUE
OF RESTRICTED STOCK UNIT. Each RSU shall have a value that is equal to the Fair Market Value of a Share on the date of grant.

 

D. FORM
AND TIMING OF PAYMENT OF RESTRICTED STOCK UNITS. Settlement of vested RSUs may be made in the form of (i) cash, (ii) Shares or
(iii) any combination of both, as determined by the Committee at the time of the grant of the RSUs, in its sole discretion. Vested
RSUs shall be settled in a lump sum as soon as administratively practicable after the vesting date, but in no event later than
two and one-half (2 1⁄2) months following the vesting date. The amount of such settlement shall be equal to the Fair Market
Value of the RSUs on the vesting date.

 

E. DIVIDEND
EQUIVALENTS. Each RSU shall be credited with an amount equal to the dividends paid on a Share between the date of grant and the
date such RSU is paid to the Participant (if at all). Dividend equivalents shall vest, if at all, upon the same terms and conditions
governing the vesting of RSUs under the Plan. Payment of the dividend equivalent shall be made at the same time as payment of the
RSU and shall be made without interest or other adjustment. If the RSU is forfeited, the Participant shall have no right to dividend
equivalents.

 

F. VOTING
RIGHTS. The holders of RSUs shall have no voting rights.

 

G. NON-TRANSFERABILITY.
RSUs may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by laws of
descent and distribution.

 

		X.	PERFORMANCE UNITS AND PERFORMANCE SHARES

 

A. GRANT
OF PERFORMANCE UNITS/SHARES. Subject to the terms of the Plan, Performance Units and/or Performance Shares may be granted to Participants
in such amounts and upon such terms, and at any time and from time to time, as shall be determined by the Committee.

 

B. PERFORMANCE
UNIT/SHARE AGREEMENT. Each Performance Unit or Performance Share grant shall be evidenced by a Performance Unit or Performance
Share Award Agreement, as the case may be, that shall specify the number of Performance Units or Performance Shares granted and
such other provisions as the Committee may determine.

 

C. VALUE
OF PERFORMANCE UNITS/SHARES. Each Performance Unit shall have an initial value that is established by the Committee at the time
of grant. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the date of grant. The
Committee shall set performance goals in its discretion which, depending on the extent to which they are met, will determine the
number and/or value of Performance Units/Shares that will be paid out to the Participant. For purposes of this Article X, the time
period during which the performance goals must be met shall be called a “Performance Period.”

 

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D. EARNING
OF PERFORMANCE UNITS/SHARES. Subject to the terms of this Plan, after the applicable Performance Period has ended, the holder of
Performance Units/Shares shall be entitled to receive payout on the number and value of Performance Units/Shares earned by the
Participant over the Performance Period, to be determined as a function of the extent to which the corresponding performance goals
have been achieved.

 

E. FORM
AND TIMING OF PAYMENT OF PERFORMANCE UNITS/SHARES. Payment of earned Performance Units/Shares shall be made in a single lump sum
following the close of the applicable Performance Period. Subject to the terms of this Plan, the Committee, in its sole discretion,
may pay earned Performance Units/Shares in the form of cash or in Shares (or in a combination thereof) which have an aggregate
Fair Market Value equal to the value of the earned Performance Units/Shares at the close of the applicable Performance Period.
Such Shares may be granted subject to any restrictions deemed appropriate by the Committee. The determination of the Committee
with respect to the form of payout of such Awards shall be set forth in the Award Agreement pertaining to the grant of the Award.
Payment shall be made no later than two and one-half (2 1⁄2) months following the close of the Performance Period.

 

F. SEPARATION
FROM SERVICE. In the event the Participant incurs a Separation From Service during a Performance Period, the Participant shall
not receive a payout of the Performance Units/Shares, unless determined otherwise by the Committee or set forth in the Participant’s
Award Agreement.

 

Payment of earned Performance
Units/Shares shall be made at a time specified by the Committee in its sole discretion and set forth in the Participant’s
Award Agreement.

 

G. NON-TRANSFERABILITY.
Except as otherwise provided in a Participant’s Award Agreement, Performance Units/Shares may not be sold, transferred, pledged,
assigned or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Further, except
as otherwise provided in a Participant’s Award Agreement, a Participant’s rights under the Plan shall be exercisable
during the Participant’s lifetime only by the Participant or the Participant’s legal representative.

 

H. NO
DIVIDEND AND VOTING RIGHTS. Participants will not be entitled to receive any dividends declared with respect to Shares which have
been earned in connection with grants of Performance Units and/or Performance Shares, but not yet distributed to Participants nor
shall Participants have voting rights with respect to such Shares.

 

		XI.	PERFORMANCE MEASURES

 

Unless and until the
Committee proposes for stockholder vote and the Company’s stockholders approve a change in the general performance measures
set forth in this Article XI, the performance measure(s) to be used for purposes of such grants may be measured at the Company
level, at a Subsidiary or Affiliate level, or at an operating unit level and shall be chosen from among the following: net income
either before or after taxes (including adjusted net income), share price, earnings per share (basic or diluted), total stockholder
return, return on assets, return on equity, operating income, return on capital or investment, cash flow or adjusted cash flow
from operations, economic value added or adjusted cash flow per Share (net income plus or minus change in operating assets and
liabilities), debt level, cost reduction targets, and equity ratios.

 

    16

     

    

 

The Committee shall
have the discretion to adjust the determinations of the degree of attainment of the pre-established performance goals.

 

In the event that applicable
tax and/or securities laws or exchange listing standards change to permit Committee discretion to alter the governing performance
measures without obtaining stockholder approval of such changes, the Committee shall have sole discretion to make such changes
without obtaining stockholder approval.

 

		XII.	BENEFICIARY DESIGNATION

 

Each Participant under
the Plan may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom
any benefit under the Plan is to be paid in case of his or her death before he or she receives any or all of such benefit. Each
such designation shall revoke all prior designations by the same Participant, shall be in a form prescribed by the Company, and
will be effective only when filed by the Participant in writing with the Company during the Participant’s lifetime. In the
absence of any such designated beneficiary, benefits remaining unpaid at the Participant’s death shall be paid to the Participant’s
estate.

 

		XIII.	DEFERRALS

 

The Committee may permit
or require a Participant to defer such Participant’s receipt of the payment of cash or the delivery of Shares that would
otherwise be due to such Participant by virtue of the exercise of an Option or SAR, the lapse or waiver of restrictions with respect
to Restricted Stock or Restricted Stock Units, or the satisfaction of any requirements or goals with respect to Performance Units/Shares.
If any such deferral election is required or permitted, the Committee shall, in its sole discretion, establish rules and procedures
for such payment deferrals, provided, however, all deferrals shall be made in accordance with all applicable requirements of Code
Section 409A or any guidance promulgated thereunder.

 

		XIV.	RIGHTS OF EMPLOYEES

 

A. EMPLOYMENT.
Nothing in the Plan shall interfere with or limit in any way the right of the Company to terminate any Participant’s employment
at any time, nor confer upon any Participant any right to continue in the employ of the Company.

 

B. PARTICIPATION.
No Employee shall have the right to be selected to receive an Award under this Plan or, having been so selected, to be selected
to receive a future Award.

 

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		XV.	AMENDMENT, MODIFICATION, TERMINATION AND ADJUSTMENTS

 

A. AMENDMENT,
MODIFICATION, AND TERMINATION. Subject to the terms of the Plan, the Board, upon recommendation of the Committee, may at any time
and from time to time, alter, amend, suspend or terminate the Plan in whole or in part for any purpose which the Committee deems
appropriate and that is otherwise consistent with Code Section 409A; provided, however, no amendment shall, without shareholder
approval, (i) materially increase the benefits accruing to Participants under the Plan; (ii) materially increase the number of
securities which may be issued under the Plan; or (iii) materially modify the requirements for participation in the Plan.

 

Except in connection
with a corporate transaction involving the Company (including, without limitation, any stock dividend, stock split, extraordinary
cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or exchange of shares),
the terms of outstanding Awards may not be amended to reduce the exercise price of outstanding Options or SARs or cancel outstanding
Options or SARs in exchange for cash, other awards or Options or SARs with an exercise price that is less than the exercise price
of the original Options or SARs without shareholder approval.

 

B. ADJUSTMENT
OF AWARDS UPON THE OCCURRENCE OF CERTAIN UNUSUAL OR NONRECURRING EVENTS. The Committee may make adjustments in the terms and conditions
of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without limitation, the events
described in Section IV.C. hereof) affecting the Company or the financial statements of the Company or of changes in applicable
laws, regulations or accounting principles, whenever the Committee determines that such adjustments are appropriate in order to
prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan; provided that
unless the Committee determines otherwise, no such adjustment shall be authorized to the extent that such authority would be inconsistent
with the Plan or Awards meeting the requirements of Code Section 409A, as from time to time amended.

 

C. AWARDS
PREVIOUSLY GRANTED. Notwithstanding any other provision of the Plan to the contrary (but subject to Section XV.B. hereof), no termination,
amendment or modification of the Plan shall adversely affect in any material way any Award previously granted under the Plan without
the written consent of the Participant holding such Award.

 

D. COMPLIANCE
WITH CODE SECTION 162(m). At all times when Code Section 162(m) is applicable, all Awards granted under this Plan shall comply
with the requirements of Code Section 162(m); provided, however, that in the event the Committee determines that such compliance
is not desired with respect to any Award or Awards available for grant under the Plan, then compliance with Code Section 162(m)
will not be required. In addition, in the event that changes are made to Code Section 162(m) to permit greater flexibility with
respect to any Award or Awards available under the Plan, the Committee may, subject to this Article XV, make any adjustments it
deems appropriate consistent with the changes made to Code Section 162(m).

 

		XVI.	PAYMENT OF PLAN AWARDS AND CONDITIONS THEREON

 

A. EFFECT
OF COMPETITIVE ACTIVITY. Anything contained in the Plan to the contrary notwithstanding, unless otherwise covered in an employment
agreement by and between the Company and the Participant, with respect to any Participant who is an Employee, if the employment
of any Participant shall terminate, for any reason other than death, while any Award to such Participant is outstanding hereunder,
and such Participant has not yet received the Shares covered by such Award or otherwise received the full benefit of such Award,
such Participant, if otherwise entitled thereto, shall receive such Shares or benefit only if, during the entire period from the
date of such Participant’s termination to the date of such receipt, such Participant shall have earned such Award by making
himself or herself available, upon request, at reasonable times and upon a reasonable basis, to consult with, supply information
to, and otherwise cooperate with the Company or any Subsidiary or Affiliate thereof with respect to any matter that shall have
been handled by him or her or under his or her supervision while he or she was in the employ of the Company or of any Subsidiary
or Affiliate thereof.

 

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B. NONFULFILLMENT
OF COMPETITIVE ACTIVITY CONDITIONS; WAIVERS UNDER THE PLAN. In the event of a Participant’s nonfulfillment of any condition
set forth in Section XVI.A. hereof, such Participant’s rights under any Award shall be forfeited and canceled forthwith;
provided, however, that the nonfulfillment of such condition may at any time (whether before, at the time of, or subsequent to
termination of employment) be waived by the Committee upon its determination that in its sole judgment there shall not have been
and will not be any substantial adverse effect upon the Company or any Subsidiary or Affiliate thereof by reason of the nonfulfillment
of such condition.

 

		XVII.	CHANGE IN CONTROL

 

A. TREATMENT
OF OUTSTANDING AWARDS. Notwithstanding any provisions in the Participant’s Employment Agreement to the contrary, but subject
to Section XVII.B. herein or the Plan governing the particular Award, upon the occurrence of a Change in Control:

 

		1.	any and all Options and SARs granted hereunder shall become fully-vested and immediately exercisable;
and

 

		2.	any Periods of Restriction and restrictions imposed on Restricted Stock or RSUs shall lapse.

 

B. TERMINATION,
AMENDMENT AND MODIFICATIONS OF CHANGE-IN-CONTROL PROVISIONS. Notwithstanding any other provision of the Plan or any Award Agreement
provision, the provisions of this Article XVII may not be terminated, amended or modified on or after the date of an event, commencing
upon material discussions by the Board respecting a possible transaction that would result in a Change in Control, which is likely
to give rise to a Change in Control to affect adversely any Award theretofore granted under the Plan without the prior written
consent of the Participant with respect to said Participant’s outstanding Awards.

 

		XVIII.	TAX PROVISIONS

 

A. TAX
WITHHOLDING. The Company shall have the power and the right to deduct or withhold, or require a Participant who is an Employee
to remit to the Company, an amount sufficient to satisfy federal, state and local taxes, domestic or foreign, required by law or
regulation to be withheld with respect to any taxable event arising as a result of this Plan.

 

    19

     

    

 

B. SHARE
WITHHOLDING. With respect to withholding required upon the exercise of Options or SARs, upon the lapse of restrictions on Restricted
Stock or Restricted RSUs, upon achievement of the performance goals on Performance Shares or Performance Units or upon any other
taxable event arising as a result of Awards granted hereunder, Participants who are Employees may elect, subject to the approval
of the Committee, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares having a Fair
Market Value on the date the tax is to be determined at least equal to the minimum, but not more than the maximum, statutory tax
which could be imposed on the transaction. All such elections shall be irrevocable, made in writing, and signed by the Participant,
and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate.

 

C. REQUIREMENT
OF NOTIFICATION OF CODE SECTION 83(b) ELECTION. If any Participants shall make an election under Code Section 83(b) (to include
in gross income in the year of transfer the amounts specified in Code Section 83(b)) or under a similar provisions of the laws
of a jurisdiction outside the United States, such Participant shall notify the Company of such election within ten (10) days after
filing notice of the election with the Internal Revenue Service or other government authority, in addition to any filing and notification
required pursuant to regulations issued under Code Section 83(b) or other applicable provision.

 

D. REQUIREMENT
OF NOTIFICATION UPON DISQUALIFYING DISPOSITION UNDER CODE SECTION 421(b). If any Participant shall make any disposition of shares
of stock delivered pursuant to the exercise of an Incentive Stock Option under the circumstances described in Code Section 421(b)
(relating to certain disqualifying dispositions), such Participant shall notify the Company of such disposition within ten (10)
days thereof.

 

		XIX.	INDEMNIFICATION

 

Each person who is
or shall have been a member of the Committee, or of the Board, shall be indemnified and held harmless by the Company against and
from any loss, cost, liability or expense (including without limitation reasonable attorney’s fees and expenses) that may
be imposed upon or reasonably incurred by him or her in connection with or resulting from any claim, action, suit or proceeding
to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under the
Plan and against and from any and all amounts paid by him or her in settlement thereof, with the Company’s approval, or paid
by him or her in satisfaction of any judgment in any such action, suit or proceeding against him or her, provided he or she shall
give the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend
it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification
to which such persons may be entitled under the Company’s Articles of Incorporation or Bylaws, as a matter of law or otherwise,
or any power that the Company may have to indemnify them or hold them harmless.

 

		XX.	SUCCESSORS

 

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

 

    20

     

    

 

		XXI.	LEGAL CONSTRUCTION

 

A. GENDER
AND NUMBER. Except where otherwise indicated by the context, any masculine term used herein also shall include the feminine, the
plural shall include the singular, and the singular shall include the plural.

 

B. SEVERABILITY.
In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not
affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had
not been included.

 

C. REQUIREMENTS
OF LAW. The granting of Awards and the issuance of Shares under the Plan shall be subject to all applicable laws, rules and regulations,
and to such approvals by any governmental agencies or national securities exchanges as may be required.

 

D. SECURITIES
LAW COMPLIANCE. With respect to Insiders, transactions under this Plan are intended to comply with all applicable conditions of
Rule 16b-3 or its successors under the Exchange Act. To the extent any provision of the Plan or action by the Committee fails to
so comply, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Committee.

 

E. CODE
SECTION 409A COMPLIANCE. Notwithstanding any other provision of this Plan to the contrary, all Awards under this Plan that are
subject to Code Section 409A shall be designed and administered in a manner that does not result in the imposition of tax or penalties
under Code Section 409A. Accordingly, Awards under this Plan that are subject to Code Section 409A shall comply with the following
requirements, as applicable.

 

		1.	Distribution to Specified Employees Upon Separation from Service. To the extent that payment
under an Award which is subject to Code Section 409A is due to a “specified employee” (as defined under Code Section
409A) on account of the specified employee’s Separation from Service from the Company or its Affiliate or Subsidiary, such
payment shall be delayed until the first day of the seventh (7th) month following such Separation from Service (or as
soon as practicable thereafter). The Committee, in its discretion, may provide in the Award document for the payment of interest
at a rate set by the Committee for such six-month period. In the event that a payment under an Award is exempt from Code Section
409A, payment shall be made to a specified employee without any such six-month delay.

 

		2.	No Acceleration of Payment. To the extent that an Award is subject to Code Section 409A,
payment under such Award shall not be accelerated from the date(s) specified in the Award documents as of the date of grant.

 

		3.	Subsequent Delay in Payment. To the extent that an Award is subject to Code Section 409A,
payment under such Award shall not be deferred beyond the dates specified in the Award document as of the date of grant, unless
the Committee or Participant, as the case may be, makes the decision to delay payment at least one year prior to the scheduled
payment date, and payment is delayed at least five (5) years.

 

F. GOVERNING
LAW. To the extent not preempted by federal law, the Plan, and all agreements hereunder, shall be construed in accordance with
and governed by the laws of the State of Delaware.

 

 

21

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