Document:

Exhibit 10.13

 

October 7, 2021

 

John Maher

Via Email

 

Dear John:

 

This letter agreement
(this “Agreement”) sets forth our mutual understanding concerning your continued employment with Hawks Acquisition
Corp, a Delaware corporation (the “Company”). 

 

Term. The
period of your employment under this Agreement (the “Term”) will commence on the date of this Agreement (such date,
the “Effective Date”), and will continue until the earlier of either (x) such time the Company completes its initial
business combination or (y) the liquidation of the Company, subject to any earlier termination of employment as provided below. 

 

Duties and Salary. During
the Term, you will be employed as Chief Operating Officer and have such duties and responsibilities as commensurate with such position
at a substantially similar publicly traded company, including structuring, consulting, advisory or management services in connection with
the Company’s initial business combination as directed from time to time by the Chief Executive Officer of the Company or his designee.
During the Term, you will not be permitted to be employed as an officer of any other publicly traded company without the consent of the
Company. For all services rendered under this Agreement, you will receive an aggregate base salary of $10,000 a month, payable in accordance
with the Company’s applicable payroll practices. 

 

Benefits and Expenses. You
acknowledge that the Company does not currently provide employees with employment benefits arrangements, and therefore you are advised
to secure your own health insurance and other employee welfare arrangements. To the extent that the Company commences providing such benefits,
you will be eligible to participate on the same basis as other Company employees in accordance with the terms of such plans or arrangements.
While employed with the Company, the Company will promptly reimburse you for your reasonable and necessary expenses incurred in connection
with performing your duties hereunder, in accordance with its then-prevailing policies and procedures for expense reimbursement.

 

Termination. You
agree to provide the Company at least thirty (30) days’ advance written notice of any voluntary resignation of your employment hereunder,
and, in such event, the Company in its sole discretion may elect to accelerate the date of termination. The Company reserves the right
to require that you not be in the offices of the Company or any of its affiliates and/or not undertake all or any of your duties and/or
not contact clients, colleagues or advisors of the Company or any of its affiliates (unless otherwise instructed) during all or part of
any period of notice of your termination of service (in which case you will be referred to hereunder as being on “garden leave”).
During any period of garden leave, your terms and conditions of service and duties of fidelity and confidentiality to the Company will
remain in full force and effect and, during any such period, you will remain a service provider to the Company and will not be employed
as an officer of any other publicly traded company without the consent of the Company. Following termination of your employment, all obligations
of the Company to pay or provide you with compensation and benefits will cease, except (i) for payment of any unpaid base salary or any
unreimbursed expenses, in each case, accrued or incurred through the date of termination, which will be payable as soon as practicable
and in all events within thirty (30) days following the date of termination, (ii) as explicitly set forth in any other benefit plans or
arrangements applicable to terminated employees in which you participate, if any, and (iii) as otherwise expressly required by applicable
law. 

 

At-Will Employment; Certain Representations.
Your employment with the Company will be “at will”, such that the Company may terminate
your employment at any time, with or without reason and with or without notice. You represent and warrant that as of the date hereof:
(i) you have the full right, authority and capacity to enter into this Agreement and perform your obligations hereunder; (ii) you are
not bound by any agreement that conflicts with or prevents or restricts the full performance of your duties and obligations to the Company
hereunder; and (iii) the execution and delivery of this Agreement will not result in any breach or violation of, or a default under, any
existing obligation, commitment or agreement to which you are subject.

 

     

    2

    

 

Tax Withholding. The
Company may deduct and withhold from any amounts payable under this Agreement such Federal, state, local, non-U.S. or other taxes as
are required or permitted to be withheld pursuant to any applicable law or regulation. 

 

Assignment. Without
the prior written consent of the Company, you may not assign this Agreement, except that you may assign by will or the laws of descent
and distribution your accrued rights to payment, and any assignment in violation of this Agreement will be void. This Agreement will be
binding on you and the Company and their respective heirs, legal representatives, successors and permitted assigns (including, without
limitation, successors by merger, consolidation, sale or similar transaction and in the event of your death, your estate and heirs in
the case of any payments due to you hereunder).

 

Governing Law; Jurisdiction; No Trial by
Jury. This Agreement will be governed by the laws of the State of Delaware without regard to its
principles of conflicts of law. You and the Company each hereby irrevocably submits to the exclusive jurisdiction of the Court of Chancery
of the State of Delaware over any dispute arising out of or relating to this Agreement. You and the Company hereby waive, to the fullest
extent permitted by applicable law, any right you or the Company may have to a trial by jury in respect of any suit, action or proceeding
arising out of or relating to this Agreement.

 

Amendment; Entire Agreement. No
provisions of this Agreement may be amended, except by a written document signed by you and a duly authorized officer of the Company (other
than you). This Agreement constitutes the entire agreement and understanding between the Company and you with respect to the subject matter
hereof and supersedes all prior agreements and understandings (whether written or oral), between you and the Company, relating to such
subject matter. 

 

IRC Section 409A. In order to comply
with special tax requirements under Section 409A of the Internal Revenue Code, if any expense reimbursements are taxable to you, they
will be paid as promptly as practicable, and in all events on or before the last day of your taxable year following the taxable year in
which the related expense was incurred. Such reimbursements are not subject to liquidation or exchange for another benefit and the amount
of such benefits and reimbursements that you receive in one taxable year will not affect the amount of such benefits or reimbursements
that you receive in any other taxable year.

 

	 	 	Sincerely,
	 	 	 
	 	 	HAWKS ACQUISITION CORP
	 	 	 
	 	 	By:	/s/ J. Carney Hawks
	 	 	Name: J. Carney Hawks
	 	 	Title: Chief Executive Officer
	 	 	 
	Accepted and Agreed:	 	 
	 	 	 
	/s/ John Maher	 	 
	John MaherExhibit 4.1

 

IDT
CORPORATION

2015
STOCK OPTION AND INCENTIVE PLAN

Effective
January 1, 2015 to September 16, 2024

(Amended
and Restated on September 14, 2021)

 

1.
Purpose; Types of Awards; Construction.

 

The
purpose of the IDT Corporation 2015 Stock Option and Incentive Plan (the “Plan”) is to provide incentives to officers, employees,
directors and consultants of IDT Corporation (the “Company”), or any subsidiary of the Company which now exists or hereafter
is organized or acquired by the Company, to acquire a proprietary interest in the Company, to continue as officers, employees, directors
or consultants, to increase their efforts on behalf of the Company and to promote the success of the Company’s business. The provisions
of the Plan are intended to satisfy the requirements of Section 16(b) of the Securities Exchange Act of 1934, as amended, and of Section
162(m) of the Internal Revenue Code of 1986, as amended, and shall be interpreted in a manner consistent with the requirements thereof.

 

2.
Definitions.

 

As
used in this Plan, the following words and phrases shall have the meanings indicated:

 

(a)
“Agreement” shall mean a written agreement entered into between the Company and a Grantee in connection with an award under
the Plan.

 

(b)
“Board” shall mean the Board of Directors of the Company.

 

(c)
“Change in Control” means a change in ownership or control of the Company effected through

 

(i)
any “person,” as such term is used in Sections 13(d) and 14(d) of the Exchange Act (other than (A) the Company, (B) any trustee
or other fiduciary holding securities under an employee benefit plan of the Company, (C) any corporation or other entity owned, directly
or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of common stock, or (D) any
person who, immediately prior to the Initial Public Offering, owned more than 25% of the combined voting power of the Company’s
then outstanding voting securities), is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act),
directly or indirectly, of securities of the Company (not including in the securities beneficially owned by such person any securities
issued or sold directly by the Company or any of its affiliates other than in connection with the acquisition by the Company or its affiliates
of a business) representing 25% or more of the combined voting power of the Company’s then outstanding voting securities.

 

(d)
“Class B Common Stock” shall mean shares of Class B Common Stock, par value $.01 per share, of the Company.

 

(e)
“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time.

 

(f)
“Committee” shall mean the Compensation Committee of the Board or such other committee as the Board may designate from time
to time to administer the Plan.

 

(g)
“Company” shall mean IDT Corporation, a corporation incorporated under the laws of the State of Delaware, or any successor
corporation.

 

(h)
“Continuous Service” means that the provision of services to the Company or a Related Entity in any capacity of officer,
employee, director or consultant is not interrupted or terminated. Continuous Service shall not be considered interrupted in the case
of (i) any approved leave of absence, (ii) transfers between locations of the Company or among the Company, any Related Entity or any
successor in any capacity of officer, employee, director or consultant, or (iii) any change in status as long as the individual remains
in the service of the Company or a Related Entity in any capacity of officer, employee, director or consultant (except as otherwise provided
in the applicable Agreement). An approved leave of absence shall include, without limitation, sick leave, temporary disability, maternity
leave, military leave (including, without limitation, service in the National Guard or the Army Reserves) or any other personal leave
approved by the Committee. For purposes of Incentive Stock Options, no such leave may exceed ninety (90) days unless reemployment upon
expiration of such leave is guaranteed by statute or contract.

 

    	1

     

    

 

(i)
“Corporate Transaction” means any of the following transactions:

 

(i)
a merger or consolidation of the Company with any other corporation or other entity, other than (A) a merger or consolidation which would
result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding
or by being converted into voting securities of the surviving or parent entity) 80% or more of the combined voting power of the voting
securities of the Company or such surviving or parent entity outstanding immediately after such merger or consolidation or (B) a merger
or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no “person” (as
defined in the Exchange Act) acquired 25% or more of the combined voting power of the Company’s then outstanding securities; or

 

(ii)
a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all
of its assets (or any transaction having a similar effect).

 

(j)
“Deferred Stock Units” mean a Grantee’s rights to receive shares of Class B Common Stock on a deferred basis, subject
to such restrictions, forfeiture provisions and other terms and conditions as shall be determined by the Committee.

 

(k)
“Disability” shall mean a Grantee’s inability to perform his or her duties with the Company or any of its affiliates
by reason of any medically determinable physical or mental impairment, as determined by a physician selected by the Grantee and acceptable
to the Company.

 

(l)
“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time.

 

(m)
“Fair Market Value” per share as of a particular date shall mean (i) the closing sale price per share of Class B Common Stock
on the national securities exchange on which the Class B Common Stock is principally traded for the last preceding date on which there
was a sale of such Class B Common Stock on such exchange, or (ii) if the shares of Class B Common Stock are then traded in an over-the-counter
market, the average of the high and low trades for the shares of Class B Common Stock in such over-the-counter market for the last preceding
date on which there was a sale of such Class B Common Stock in such market, or (iii) if the shares of Class B Common Stock are not then
listed on a national securities exchange or traded in an over-the-counter market, such value as the Committee, in its sole discretion,
shall determine.

 

(n)
“Grantee” shall mean a person who receives a grant of Options, Stock Appreciation Rights, Limited Rights, Deferred Stock
Units or Restricted Stock under the Plan.

 

(o)
“Incentive Stock Option” shall mean any option intended to be, and designated as, an incentive stock option within the meaning
of Section 422 of the Code.

 

(p)
“Insider” shall mean a Grantee who is subject to the reporting requirements of Section 16(a) of the Exchange Act.

 

(q)
“Insider Trading Policy” shall mean the Insider Trading Policy of the Company, as may be amended from time to time.

 

(r)
“Limited Right” shall mean a limited stock appreciation right granted pursuant to Section 10 of the Plan.

 

(s)
“Non-Employee Director” means a member of the Board or the board of directors of any Subsidiary (other than a Subsidiary
that has either (A) a class of “equity securities” (as defined in Rule 3a11-1 promulgated under the Exchange Act) registered
under the Exchange Act or a similar foreign statute or (B) adopted any stock option plan, equity compensation plan or similar employee
benefit plan in which non-employee directors of such Subsidiary are eligible to participate), in each of clause (A) and (B), who is not
an employee of the Company or any Subsidiary.

 

    	2

     

    

 

(t)
“Non-Employee Director Annual Grant” shall mean an award of shares of Restricted Stock equal to $50,000 based on the average
of the high and the low stock price on the business day prior to the Non-Employee Director Grant Date.

 

(u)
“Non-Employee Director Grant Date” shall mean January 5 of the applicable year (or the following business day if January
5 is not a business day), or, in the case of a new Non-Employee Director joining the Board, shall mean the date of appointment as a member
of the Board.

 

(v)
“Nonqualified Stock Option” shall mean any option not designated as an Incentive Stock Option.

 

(w)
“Option” or “Options” shall mean a grant to a Grantee of an option or options to purchase shares of Class B Common
Stock.

 

(x)
“Option Agreement” shall have the meaning set forth in Section 6 of the Plan.

 

(y)
“Option Price” shall mean the exercise price of the shares of Class B Common Stock covered by an Option.

 

(z)
“Parent” shall mean any company (other than the Company) in an unbroken chain of companies ending with the Company if, at
the time of granting an award under the Plan, each of the companies other than the Company owns stock possessing fifty percent (50%)
or more of the total combined voting power of all classes of stock in one of the other companies in such chain.

 

(aa)
“Plan” means this IDT Corporation 2015 Stock Option and Incentive Plan, as amended or restated from time to time.

 

(bb)
“Related Entity” means any Parent, Subsidiary or any business, corporation, partnership, limited liability company or other
entity in which the Company, a Parent or a Subsidiary holds a substantial ownership interest, directly or indirectly.

 

(cc)
“Related Entity Disposition” means the sale, distribution or other disposition by the Company of all or substantially all
of the Company’s interest in any Related Entity effected by a sale, merger or consolidation or other transaction involving such
Related Entity or the sale of all or substantially all of the assets of such Related Entity.

 

(dd)
“Restricted Period” shall have the meaning set forth in Section 11(b) of the Plan.

 

(ee)
“Restricted Stock” means shares of Class B Common Stock issued under the Plan to a Grantee for such consideration, if any,
and subject to such restrictions on transfer, rights of refusal, repurchase provisions, forfeiture provisions and other terms and conditions
as shall be determined by the Committee.

 

(ff)
“Retirement” shall mean a Grantee’s retirement in accordance with the terms of any tax-qualified retirement plan maintained
by the Company or any of its affiliates in which the Grantee participates.

 

(gg)
“Rule 16b-3” shall mean Rule 16b-3, as from time to time in effect, promulgated under the Exchange Act, including any successor
to such Rule.

 

(hh)
“Stock Appreciation Right” shall mean the right, granted to a Grantee under Section 9 of the Plan, to be paid an amount measured
by the appreciation in the Fair Market Value of a share of Class B Common Stock from the date of grant to the date of exercise of the
right, with payment to be made in cash or Class B Common Stock as applicable, as specified in the award or determined by the Committee.

 

    	3

     

    

 

(ii)
“Subsidiary” shall mean any company (other than the Company) in an unbroken chain of companies beginning with the Company
if each of the companies other than the last company in the unbroken chain owns stock possessing fifty percent (50%) or more of the total
combined voting power of all classes of stock in one of the other companies in such chain.

 

(jj)
“Tax Event” shall have the meaning set forth in Section 17 of the Plan.

 

(kk)
“Ten Percent Stockholder” shall mean a Grantee who at the time an Incentive Stock Option is granted, owns stock possessing
more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary.

 

3.
Administration.

 

(a)
The Plan shall be administered by the Committee, the members of which may be composed of “non-employee directors” under Rule
16b-3 and “outside directors” under Section 162(m) of the Code.

 

(b)
The Committee shall have the authority in its discretion, subject to and not inconsistent with the express provisions of the Plan, to
administer the Plan and to exercise all the powers and authorities either specifically granted to it under the Plan or necessary or advisable
in the administration of the Plan, including, without limitation, the authority to grant Options, Stock Appreciation Rights, Limited
Rights, Deferred Stock Units and Restricted Stock; to determine which Options shall constitute Incentive Stock Options and which Options
shall constitute Nonqualified Stock Options; to determine which Options (if any) shall be accompanied by Limited Rights; to determine
the Option Price for each Option; to determine the persons to whom, and the time or times at which awards shall be granted; to determine
the number of shares to be covered by each award; to interpret the Plan and any award under the Plan; to reconcile any inconsistent terms
in the Plan or any award under the Plan; to prescribe, amend and rescind rules and regulations relating to the Plan; to determine the
terms and provisions of the Agreements (which need not be identical) and to cancel or suspend awards, as necessary; and to make all other
determinations deemed necessary or advisable for the administration of the Plan.

 

(c)
All decisions, determination and interpretations of the Committee shall be final and binding on all Grantees of any awards under this
Plan. No member of the Board or Committee shall be liable for any action taken or determination made in good faith with respect to the
Plan or any award granted hereunder.

 

(d)
The Committee may delegate to one or more executive officers of the Company the authority to (i) grant awards under the Plan to employees
of the Company and its Subsidiaries who are not executive officers or a member of the Board, (ii) execute and deliver documents or take
such other ministerial actions on behalf of the Committee with respect to awards and (iii) to make interpretations of the Plan. The grant
of authority in this Section 3(d) shall be subject to such conditions and limitations as may be determined by the Committee. If the Committee
delegates authority to any such executive officer or executive officers of the Company pursuant to this Section 3(d), and such executive
officer or executive officers grant awards pursuant to such delegated authority, references in this Plan to the “Committee”
as they relate to such awards shall be deemed to refer to such executive officer or executive officers, as applicable.

 

4.
Eligibility.

 

Awards
may be granted to officers, employees, members of the Board and consultants of the Company or of any Subsidiary. In addition to any other
awards granted to Non-Employee Directors hereunder, awards shall be granted to Non-Employee Directors pursuant to Section 14 of the Plan.
In determining the persons to whom awards shall be granted and the number of shares to be covered by each award, the Committee shall
take into account the duties of the respective persons, their present and potential contributions to the success of the Company and such
other factors as the Committee shall deem relevant in connection with accomplishing the purposes of the Plan.

 

5.
Stock.

 

(a)
The maximum number of shares of Class B Common Stock reserved for the grant of awards under the Plan shall be 1,730,000, all of
which may be granted as Incentive Stock Options, subject to adjustment as provided in Section 12 of the Plan. Such shares may, in whole
or in part, be authorized but unissued shares or shares that shall have been or may be reacquired by the Company.

 

    	4

     

    

 

(b)
If any outstanding award under the Plan should, for any reason expire, be canceled or be forfeited (other than in connection with the
exercise of a Stock Appreciation Right or a Limited Right), without having been exercised in full, the shares of Class B Common Stock
allocable to the unexercised, canceled or terminated portion of such award shall (unless the Plan shall have been terminated) become
available for subsequent grants of awards under the Plan, unless otherwise determined by the Committee.

 

6.
Terms and Conditions of Options.

 

(a)
OPTION AGREEMENT. Each Option granted pursuant to the Plan shall be evidenced by a written agreement between the Company and the Grantee
(the “Option Agreement”), in such form and containing such terms and conditions as the Committee shall from time to time
approve, which Option Agreement shall comply with and be subject to the following terms and conditions, unless otherwise specifically
provided in such Option Agreement. For purposes of interpreting this Section 6, a director’s service as a member of the Board or
a consultant’s service shall be deemed to be employment with the Company.

 

(b)
NUMBER OF SHARES. Each Option Agreement shall state the number of shares of Class B Common Stock to which the Option relates.

 

(c)
TYPE OF OPTION. Each Option Agreement shall specifically state that the Option constitutes an Incentive Stock Option or a Nonqualified
Stock Option. In the absence of such designation, the Option will be deemed to be a Nonqualified Stock Option.

 

(d)
OPTION PRICE. Each Option Agreement shall state the Option Price, which, in the case of an Incentive Stock Option, shall not be less
than one hundred percent (100%) of the Fair Market Value of the shares of Class B Common Stock covered by the Option on the date of grant.
The Option Price shall be subject to adjustment as provided in Section 12 of the Plan.

 

(e)
MEDIUM AND TIME OF PAYMENT. The Option Price shall be paid in full, at the time of exercise, in cash or in shares of Class B Common Stock
having a Fair Market Value equal to such Option Price or in a combination of cash and Class B Common Stock including a cashless exercise
procedure through a broker-dealer; provided, however, that in the case of an Incentive Stock Option, the medium of payment shall be determined
at the time of grant and set forth in the applicable Option Agreement.

 

(f)
TERM AND EXERCISABILITY OF OPTIONS. Each Option Agreement shall provide the exercisability schedule for the Option as determined by the
Committee, provided, that, the Committee shall have the authority to accelerate the exercisability of any outstanding Option at such
time and under such circumstances as it, in its sole discretion, deems appropriate. The exercise period will be ten (10) years from the
date of the grant of the Option unless otherwise determined by the Committee; provided, however, that in the case of an Incentive Stock
Option, such exercise period shall not exceed ten (10) years from the date of grant of such Option. The exercise period shall be subject
to earlier termination as provided in Sections 6(g) and 6(h) of the Plan. An Option may be exercised, as to any or all full shares of
Class B Common Stock as to which the Option has become exercisable, by written notice delivered in person, by mail, e-mail, fax or overnight
delivery to the Company’s transfer agent or other administrator designated by the Company, specifying the number of shares of Class
B Common Stock with respect to which the Option is being exercised.

 

(g)
TERMINATION. Except as provided in this Section 6(g) and in Section 6(h) of the Plan, an Option may not be exercised unless the Grantee
is then in the employ of or maintaining a director or consultant relationship with the Company or a Subsidiary thereof (or a company
or a Parent or Subsidiary of such company issuing or assuming the Option in a transaction to which Section 424(a) of the Code applies),
and unless the Grantee has remained in Continuous Service with the Company or any Subsidiary since the date of grant of the Option unless
otherwise determined by the Committee. In the event that the employment or consultant relationship of a Grantee shall terminate (other
than by reason of death, Disability or Retirement), all Options of such Grantee that are exercisable at the time of Grantee’s termination
may, unless earlier terminated in accordance with their terms, be exercised within 180 days after the date of termination (or such different
period as the Committee shall prescribe).

 

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(h)
DEATH, DISABILITY OR RETIREMENT OF GRANTEE. If a Grantee shall die while employed by, or maintaining a director or consultant relationship
with, the Company or a Subsidiary thereof, or within thirty (30) days after the date of termination of such Grantee’s employment,
director or consultant relationship (or within such different period as the Committee may have provided pursuant to Section 6(g) of the
Plan), or if the Grantee’s employment, director or consultant relationship shall terminate by reason of Disability, all Options
theretofore granted to such Grantee (to the extent otherwise exercisable) may, unless earlier terminated in accordance with their terms,
be exercised by the Grantee or by the Grantee’s estate or by a person who acquired the right to exercise such Options by bequest
or inheritance or otherwise by result of death or Disability of the Grantee, at any time within 180 days after the death or Disability
of the Grantee (or such different period as the Committee shall prescribe). In the event that an Option granted hereunder shall be exercised
by the legal representatives of a deceased or former Grantee, written notice of such exercise shall be accompanied by a certified copy
of letters testamentary or equivalent proof of the right of such legal representative to exercise such Option. In the event that the
employment or consultant relationship of a Grantee shall terminate on account of such Grantee’s Retirement, all Options of such
Grantee that are exercisable at the time of such Retirement may, unless earlier terminated in accordance with their terms, be exercised
at any time within one hundred eighty (180) days after the date of such Retirement (or such different period as the Committee shall prescribe).
All unvested Options shall be terminated upon death, disability or retirement, unless otherwise determined by the Committee.

 

(i)
OTHER PROVISIONS. The Option Agreements evidencing awards under the Plan shall contain such other terms and conditions not inconsistent
with the Plan as the Committee may determine.

 

7.
Nonqualified Stock Options.

 

Options
granted pursuant to this Section 7 are intended to constitute Nonqualified Stock Options and shall be subject only to the general terms
and conditions specified in Section 6 of the Plan.

 

8.
Incentive Stock Options.

 

Options
granted pursuant to this Section 8 are intended to constitute Incentive Stock Options and shall be subject to the following special terms
and conditions, in addition to the general terms and conditions specified in Section 6 of the Plan:

 

(a)
LIMITATION ON VALUE OF SHARES. To the extent that the aggregate Fair Market Value of shares of Class B Common Stock subject to Options
designated as Incentive Stock Options which become exercisable for the first time by a Grantee during any calendar year (under all plans
of the Company or any Subsidiary) exceeds $100,000, such excess Options, to the extent of the shares covered thereby in excess of the
foregoing limitation, shall be treated as Nonqualified Stock Options. For this purpose, Incentive Stock Options shall be taken into account
in the order in which they were granted, and the Fair Market Value of the shares of Class B Common Stock shall be determined as of the
date that the Option with respect to such shares was granted.

 

(b)
TEN PERCENT STOCKHOLDER. In the case of an Incentive Stock Option granted to a Ten Percent Stockholder, (i) the Option Price shall not
be less than one hundred ten percent (110%) of the Fair Market Value of the shares of Class B Common Stock on the date of grant of such
Incentive Stock Option, and (ii) the exercise period shall not exceed five (5) years from the date of grant of such Incentive Stock Option.

 

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9.
Stock Appreciation Rights.

 

The
Committee shall have authority to grant a Stock Appreciation Right, either alone or in tandem with any Option. A Stock Appreciation Right
granted in tandem with an Option shall, except as provided in this Section 9 or as may be determined by the Committee, be subject to
the same terms and conditions as the related Option. Each Stock Appreciation Right granted pursuant to the Plan shall be evidenced by
a written Agreement between the Company and the Grantee in such form as the Committee shall from time to time approve, which Agreement
shall comply with and be subject to the following terms and conditions, unless otherwise specifically provided in such Agreement:

 

(a)
TIME OF GRANT. A Stock Appreciation Right may be granted at such time or times as may be determined by the Committee.

 

(b)
PAYMENT. A Stock Appreciation Right shall entitle the holder thereof, upon exercise of the Stock Appreciation Right or any portion thereof,
to receive payment of an amount computed pursuant to Section 9(d) of the Plan.

 

(c)
EXERCISE. A Stock Appreciation Right shall be exercisable at such time or times and only to the extent determined by the Committee, and
will not be transferable. A Stock Appreciation Right granted in connection with an Incentive Stock Option shall be exercisable only if
the Fair Market Value of a share of Class B Common Stock on the date of exercise exceeds the purchase price specified in the related
Incentive Stock Option. Unless otherwise approved by the Committee, no Grantee shall be permitted to exercise any Stock Appreciation
Right during the period beginning two weeks prior to the end of each of the Company’s fiscal quarters and ending on the second
business day following the day on which the Company releases to the public a summary of its fiscal results for such period.

 

(d)
AMOUNT PAYABLE. Upon the exercise of a Stock Appreciation Right, the Optionee shall be entitled to receive an amount determined by multiplying
(i) the excess of the Fair Market Value of a share of Class B Common Stock on the date of exercise of such Stock Appreciation Right over
the exercise or other base price of the Stock Appreciation Right or, if applicable, the Option Price of the related Option, by (ii) the
number of shares of Class B Common Stock as to which such Stock Appreciation Right is being exercised.

 

(e)
TREATMENT OF RELATED OPTIONS AND STOCK APPRECIATION RIGHTS UPON EXERCISE. Upon the exercise of a Stock Appreciation Right, the related
Option, if any, shall be canceled to the extent of the number of shares of Class B Common Stock as to which the Stock Appreciation Right
is exercised. Upon the exercise or surrender of an Option granted in connection with a Stock Appreciation Right, the Stock Appreciation
Right shall be canceled to the extent of the number of shares of Class B Common Stock as to which the Option is exercised or surrendered.

 

(f)
METHOD OF EXERCISE. Stock Appreciation Rights shall be exercised by a Grantee only by a written notice delivered to the Company in accordance
with procedures specified by the Company from time to time. Such notice shall state the number of shares of Class B Common Stock with
respect to which the Stock Appreciation Right is being exercised. A Grantee may also be required to deliver to the Company the underlying
Agreement evidencing the Stock Appreciation Right being exercised and any related Option Agreement so that a notation of such exercise
may be made thereon, and such Agreements shall then be returned to the Grantee.

 

(g)
FORM OF PAYMENT. Payment of the amount determined under Section 9(d) of the Plan may be made solely in whole shares of Class B Common
Stock in a number based upon their Fair Market Value on the date of exercise of the Stock Appreciation Right or, alternatively, at the
sole discretion of the Committee, solely in cash, or in a combination of cash and shares of Class B Common Stock as the Committee deems
advisable. If the Committee decides to make full payment in shares of Class B Common Stock and the amount payable results in a fractional
share, payment for the fractional share will be made in cash.

 

10.
Limited Stock Appreciation Rights.

 

The
Committee shall have authority to grant a Limited Right, either alone or in tandem with any Option. Each Limited Right granted pursuant
to the Plan shall be evidenced by a written Agreement between the Company and the Grantee in such form as the Committee shall from time
to time approve, which Agreement shall comply with and be subject to the following terms and conditions, unless otherwise specifically
provided in such Agreement:

 

(a)
TIME OF GRANT. A Limited Right may be granted at such time or times as may be determined by the Committee.

 

    	7

     

    

 

(b)
EXERCISE. A Limited Right may be exercised only (i) during the ninety-day period following the occurrence of a Change in Control or (ii)
immediately prior to the effective date of a Corporate Transaction. A Limited Right shall be exercisable at such time or times and only
to the extent determined by the Committee, and will not be transferable except to the extent any related Option is transferable or as
otherwise determined by the Committee. A Limited Right granted in connection with an Incentive Stock Option shall be exercisable only
if the Fair Market Value of a share of Class B Common Stock on the date of exercise exceeds the purchase price specified in the related
Incentive Stock Option.

 

(c)
AMOUNT PAYABLE. Upon the exercise of a Limited Right, the Grantee thereof shall receive in cash whichever of the following amounts is
applicable:

 

(i)
in the case of the realization of Limited Rights by reason of an acquisition of common stock described in clause (i) of the definition
of “Change in Control” (Section 2(c) of this Plan), an amount equal to the Acquisition Spread as defined in Section 10(d)(ii)
below; or

 

(ii)
in the case of the realization of Limited Rights by reason of stockholder approval of an agreement or plan described in clause (i) of
the definition of “Corporate Transaction” (Section 2(j) of this Plan), an amount equal to the Merger Spread as defined in
Section 10(d)(iv) below; or

 

(iii)
in the case of the realization of Limited Rights by reason of the change in composition of the Board described in clause (ii) of the
definition of “Change in Control” or stockholder approval of a plan or agreement described in clause (ii) of the definition
of Corporate Transaction, an amount equal to the Spread as defined in Section 10(d)(v) of this Plan.

 

Notwithstanding
the foregoing provisions of this Section 10(c) (or unless otherwise approved by the Committee), in the case of a Limited Right granted
in respect of an Incentive Stock Option, the Grantee may not receive an amount in excess of the maximum amount that will enable such
option to continue to qualify under the Code as an Incentive Stock Option.

 

(d)
DETERMINATION OF AMOUNTS PAYABLE. The amounts to be paid to a Grantee pursuant to Section 10(c) of this Plan shall be determined as follows:

 

(i)
The term “Acquisition Price per Share” as used herein shall mean, with respect to the exercise of any Limited Right by reason
of an acquisition of Class B Common Stock described in clause (i) of the definition of Change in Control, the greatest of (A) the highest
price per share shown on the Statement on Schedule 13D or amendment thereto filed by the holder of 25% or more of the voting power of
the Company that gives rise to the exercise of such Limited Right, (B) the highest price paid in any tender or exchange offer which is
in effect at any time during the ninety-day period ending on the date of exercise of the Limited Right, or (C) the highest Fair Market
Value per share of Class B Common Stock during the ninety day period ending on the date the Limited Right is exercised.

 

(ii)
The term “Acquisition Spread” as used herein shall mean an amount equal to the product computed by multiplying (A) the excess
of (1) the Acquisition Price per Share over (2) the exercise or other base price of the Limited Right or, if applicable, the Option Price
per share of Class B Common Stock at which the related Option is exercisable, by (B) the number of shares of Class B Common Stock with
respect to which such Limited Right is being exercised.

 

(iii)
The term “Merger Price per Share” as used herein shall mean, with respect to the exercise of any Limited Right by reason
of stockholder approval of an agreement described in clause (i) of the definition of Corporate Transaction, the greatest of (A) the fixed
or formula price for the acquisition of shares of Class B Common Stock specified in such agreement, if such fixed or formula price is
determinable on the date on which such Limited Right is exercised, (B) the highest price paid in any tender or exchange offer which is
in effect at any time during the ninety-day period ending on the date of exercise of the Limited Right, (C) the highest Fair Market Value
per share of Class B Common Stock during the ninety-day period ending on the date on which such Limited Right is exercised.

 

    	8

     

    

 

(iv)
The term “Merger Spread” as used herein shall mean an amount equal to the product. computed by multiplying (A) the excess
of (1) the Merger Price per Share over (2) the exercise or other base price of the Limited Right or, if applicable, the Option Price
per share of Class B Common Stock at which the related Option is exercisable, by (B) the number of shares of Class B Common Stock with
respect to which such Limited Right is being exercised.

 

(v)
The term “Spread” as used herein shall mean, with respect to the exercise of any Limited Right by reason of a change in the
composition of the Board described in clause (ii) of the definition of Change in Control or stockholder approval of a plan or agreement
described in clause (ii) of the definition of Corporate Transaction, an amount equal to the product computed by multiplying (i) the excess
of (A) the greater of (1) the highest price paid in any tender or exchange offer which is in effect at any time during the ninety-day
period ending on the date of exercise of the Limited Right or (2) the highest Fair Market Value per share of Class B Common Stock during
the ninety day period ending on the date the Limited Right is exercised over (B) the exercise or other base price of the Limited Right
or, if applicable, the Option Price per share of Class B Common Stock at which the related Option is exercisable, by (ii) the number
of shares of Class B Common Stock with respect to which the Limited Right is being exercised.

 

(e)
TREATMENT OF RELATED OPTIONS AND LIMITED RIGHTS UPON EXERCISE. Upon the exercise of a Limited Right, the related Option, if any, shall
cease to be exercisable to the extent of the shares of Class B Common Stock with respect to which such Limited Right is exercised but
shall be considered to have been exercised to that extent for purposes of determining the number of shares of Class B Common Stock available
for the grant of future awards pursuant to this Plan. Upon the exercise or termination of a related Option, if any, the Limited Right
with respect to such related Option shall terminate to the extent of the shares of Class B Common Stock with respect to which the related
Option was exercised or terminated.

 

(f)
METHOD OF EXERCISE. To exercise a Limited Right, the Grantee shall (i) deliver written notice to the Company specifying the number of
shares of Class B Common Stock with respect to which the Limited Right is being exercised, and (ii) if requested by the Committee, deliver
to the Company the Agreement evidencing the Limited Rights being exercised and, if applicable, the Option Agreement evidencing the related
Option; the Company shall endorse thereon a notation of such exercise and return such Agreements to the Grantee. The date of exercise
of a Limited Right that is validly exercised shall be deemed to be the date on which there shall have been delivered the instruments
referred to in the first sentence of this Section 10(f).

 

11.
Restricted Stock.

 

The
Committee may award shares of Restricted Stock to any eligible employee, director or consultant of the Company or of any Subsidiary.
Each award of Restricted Stock under the Plan shall be evidenced by a written Agreement between the Company and the Grantee, in such
form as the Committee shall from time to time approve, which Agreement shall comply with and be subject to the following terms and conditions,
unless otherwise specifically provided in such Agreement:

 

(a)
NUMBER OF SHARES. Each Agreement shall state the number of shares of Restricted Stock to be subject to an award.

 

    	9

     

    

 

(b)
RESTRICTIONS. Shares of Restricted Stock may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, except
by will or the laws of descent and distribution, for such period as the Committee shall determine from the date on which the award is
granted (the “Restricted Period”). The Committee may also impose such additional or alternative restrictions and conditions
on the shares as it deems appropriate including, but not limited to, the satisfaction of performance criteria. Such performance criteria
may include, without limitation, sales, earnings before interest and taxes, return on investment, earnings per share, any combination
of the foregoing or rate of growth of any of the foregoing, as determined by the Committee. The Company may, at its option, maintain
issued shares in book entry form. Certificates, if any, for shares of stock issued pursuant to Restricted Stock awards shall bear an
appropriate legend referring to such restrictions, and any attempt to dispose of any such shares of stock in contravention of such restrictions
shall be null and void and without effect. During the Restricted Period, any such certificates shall be held in a restricted account
a at the transfer agent appointed by the Company. In determining the Restricted Period of an award, the Committee may provide that the
foregoing restrictions shall lapse with respect to specified percentages of the awarded shares on successive anniversaries or other specified
dates of the date of such award.

 

(c)
FORFEITURE. Subject to such exceptions as may be determined by the Committee, if the Grantee’s Continuous Service with the Company
or any Subsidiary shall terminate for any reason prior to the expiration of the Restricted Period of an award, any shares remaining subject
to restrictions (after taking into account the provisions of Subsection (e) of this Section 11) shall thereupon be forfeited by the Grantee
and transferred to, and retired by, the Company without cost to the Company or such Subsidiary, and such shares shall become available
for subsequent grants of awards under the Plan, unless otherwise determined by the Committee.

 

(d)
OWNERSHIP. During the Restricted Period, the Grantee shall possess all incidents of ownership of such shares, subject to Subsection (b)
of this Section 11, including the right to receive dividends with respect to such shares and to vote such shares.

 

(e)
ACCELERATED LAPSE OF RESTRICTIONS. Upon the occurrence of any of the events specified in Section 13 of the Plan (and subject to the conditions
set forth therein), all restrictions then outstanding on any shares of Restricted Stock awarded under the Plan shall lapse as of the
applicable date set forth in Section 13. The Committee shall have the authority (and the Agreement may so provide) to cancel all or any
portion of any outstanding restrictions prior to the expiration of the Restricted Period with respect to any or all of the shares of
Restricted Stock awarded on such terms and conditions as the Committee shall deem appropriate.

 

11A.
Deferred Stock Units.

 

The
Committee may award Deferred Stock Units to any outside director, eligible employee or consultant of the Company or of any Subsidiary.
Each award of Deferred Stock Units under the Plan shall be evidenced by a written Agreement between the Company and the Grantee, in such
form as the Committee shall from time to time approve, which Agreement shall comply with and be subject to the following terms and conditions,
unless otherwise specifically provided in such Agreement:

 

(a)
NUMBER OF SHARES. Each Agreement for Deferred Stock Units shall state the number of shares of Class B Common Stock to be subject to an
award.

 

(b)
RESTRICTIONS. Deferred Stock Units may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, except by
will or the laws of descent and distribution, until shares of Class B Common Stock are payable with respect to an award. The Committee
may impose such vesting restrictions and conditions on the payment of shares as it deems appropriate including the satisfaction of performance
criteria. Such performance criteria may include sales, earnings before interest and taxes, return on investment, earnings per share,
any combination of the foregoing or rate of growth of any of the foregoing, as determined by the Committee.

 

(c)
FORFEITURE. Subject to such exceptions as may be determined by the Committee, if the Grantee’s Continuous Service with the Company
or any Subsidiary shall terminate for any reason prior to the Grantee becoming fully vested in the award, then the Grantee’s rights
under any unvested Deferred Stock Units shall be forfeited without cost to the Company or such Subsidiary.

 

(d)
OWNERSHIP. Until shares are delivered with respect to Deferred Stock Units, the Grantee shall not possess any incidents of ownership
of such shares, including the right to receive dividends with respect to such shares and to vote such shares.

 

    	10

     

    

 

(e)
ACCELERATED LAPSE OF RESTRICTIONS. Upon the occurrence of any of the events specified in Section 13 of the Plan (and subject to the conditions
set forth therein), all restrictions then outstanding on any Deferred Stock Units awarded under the Plan shall lapse as of the applicable
date set forth in Section 13. The Committee shall have the authority (and the Agreement may so provide) to cancel all or any portion
of any outstanding restrictions prior to the expiration of any restricted period with respect to any or all of the shares of Deferred
Stock Units awarded on such terms and conditions as the Committee shall deem appropriate.

 

12.
Effect of Certain Changes.

 

(a)
ADJUSTMENTS UPON CHANGES IN CAPITALIZATION. In the event of any extraordinary liquidating dividend, stock dividend, recapitalization,
merger, consolidation, stock split, warrant or rights issuance, or combination or exchange of such shares, or other similar transactions,
the Committee shall equitably adjust (i) the number of shares of Class B Common Stock available for awards under the Plan, (ii) the number
and/or kind of shares covered by outstanding awards and (iii) the Option Price per share of Options or the applicable market value of
Stock Appreciation Rights or Limited Rights, in each such case so as to reflect such event and preserve the value of such awards; provided,
however, that any fractional shares resulting from such adjustment shall be eliminated. This provision shall not apply to cash dividends
or returns of capital.

 

(b)
CHANGE IN CLASS B COMMON STOCK. In the event of a change in the Class B Common Stock as presently constituted that is limited to a change
of all of its authorized shares of Class B Common Stock into the same number of shares with a different par value or without par value,
the shares resulting from any such change shall be deemed to be the Class B Common Stock within the meaning of the Plan.

 

13.
Corporate Transaction; Change in Control; Related Entity Disposition.

 

(a)
CORPORATE TRANSACTION. In the event of a Corporate Transaction, each award which is at the time outstanding under the Plan shall automatically
become fully vested and exercisable and, in the case of an award of Restricted Stock or an award of Deferred Stock Units, shall be released
from any restrictions on transfer (except with regard to the Insider Trading Policy and such other agreements between the Grantee and
the Company) and repurchase or forfeiture rights, immediately prior to the specified effective date of such Corporate Transaction. Effective
upon the consummation of the Corporate Transaction, all outstanding awards of Options, Stock Appreciation Rights and Limited Rights under
the Plan shall terminate, unless otherwise determined by the Committee. However, all such awards shall not terminate if the awards are,
in connection with the Corporate Transaction, assumed by the successor corporation or Parent thereof.

 

(b)
CHANGE IN CONTROL. In the event of a Change in Control (other than a Change in Control which is also a Corporate Transaction), each award
which is at the time outstanding under the Plan automatically shall become fully vested and exercisable and, in the case of an award
of Restricted Stock or an award of Deferred Stock Units, shall be released from any restrictions on transfer and repurchase or forfeiture
rights, immediately prior to the specified effective date of such Change in Control.

 

(c)
RELATED ENTITY DISPOSITION. The Continuous Service of each Grantee (who is primarily engaged in service to a Related Entity at the time
it is involved in a Related Entity Disposition) shall terminate effective upon the consummation of such Related Entity Disposition, and
each outstanding award of such Grantee under the Plan shall become fully vested and exercisable and, in the case of an award of Restricted
Stock or an award of Deferred Stock Units, shall be released from any restrictions on transfer (except with regard to the Insider Trading
Policy and such other agreements between the Grantee and the Company). Unless otherwise determined by the Committee, the Continuous Service
of a Grantee shall not be deemed to terminate (and each outstanding award of such Grantee under the Plan shall not become fully vested
and exercisable and, in the case of an award of Restricted Stock or an award of Deferred Stock Units, shall not be released from any
restrictions on transfer) if (i) a Related Entity Disposition involves the spin-off of a Related Entity, for so long as such Grantee
continues to remain in the service of such entity that constituted the Related Entity immediately prior to the consummation of such Related
Entity Disposition (“SpinCo”) in any capacity of officer, employee, director or consultant or (ii) an outstanding award is
assumed by the surviving corporation (whether SpinCo or otherwise) or its parent entity in connection with a Related Entity Disposition.

 

    	11

     

    

 

(d)
SUBSTITUTE AWARDS. The Committee may grant awards under the Plan in substitution of stock-based incentive awards held by employees, consultants
or directors of another entity who become employees, consultants or directors of the Company or any Subsidiary by reason of a merger
or consolidation of such entity with the Company or any Subsidiary, or the acquisition by the Company or a Subsidiary of property or
equity of such entity, upon such terms and conditions as the Committee may determine, and such awards shall not count against the share
limitation set forth in Section 5 of the Plan.

 

14.
Non-Employee Director Restricted Stock.

 

The
provisions of this Section 14 shall apply only to certain grants of Restricted Stock to Non-Employee Directors, as provided below. Except
as set forth in this Section 14, the other provisions of the Plan shall apply to grants of Restricted Stock to Non-Employee Directors
to the extent not inconsistent with this Section. For purposes of interpreting Section 6 of the Plan and this Section 14, a Non-Employee
Director’s service as a member of the Board or the board of directors of any Subsidiary shall be deemed to be employment with the
Company.

 

(a)
GENERAL. Non-Employee Directors shall receive Restricted Stock in accordance with this Section 14. Restricted Stock granted pursuant
to this Section 14 shall be subject to the terms of such section and shall not be subject to discretionary acceleration of vesting by
the Committee. Unless determined otherwise by the Committee, Non-Employee Directors shall not receive separate and additional grants
hereunder for being a Non-Employee Director of (i) the Company and a Subsidiary or (ii) more than one Subsidiary.

 

(b)
INITIAL GRANTS OF RESTRICTED STOCK. A Non-Employee Director who first becomes a Non-Employee Director shall receive a pro-rata amount
(based on projected quarters of service to the following Non-Employee Director Grant Date) of a Non-Employee Director Annual Grant on
his date of appointment as a Non-Employee Director.

 

(c)
ANNUAL GRANTS OF RESTRICTED STOCK. On each Non-Employee Director Grant Date, each Non-Employee Director shall receive a Non-Employee
Director Annual Grant.

 

(d)
VESTING OF RESTRICTED STOCK. Restricted Stock granted under this Section 14 shall be fully vested on the date of grant.

 

15.
Period During which Awards May Be Granted.

 

Awards
may be granted pursuant to the Plan from time to time commencing on January 1, 2015 until September 16, 2024 (ten (10) years from September
17, 2014, the date the Board initially adopted the Plan). No awards shall be effective prior to the approval of the Plan by a majority
of the Company’s stockholders.

 

16.
Transferability of Awards.

 

(a)
Incentive Stock Options and Stock Appreciation Rights may not be sold, pledged, assigned, hypothecated, transferred or disposed of in
any manner other than by the laws of descent and distribution and may be exercised, during the lifetime of the Grantee, only by the Grantee
or his or her guardian or legal representative.

 

(b)
Nonqualified Stock Options shall be transferable in the manner and to the extent acceptable to the Committee, as evidenced by a writing
signed by the Company and the Grantee. Nonqualified Stock Options (together with any Stock Appreciation Rights or Limited Rights related
thereto) shall be transferable by a Grantee as a gift to the Grantee’s “family members” (as defined in Form S-8) under
such terms and conditions as may be established by the Committee; provided that the Grantee receives no consideration for the transfer.
Notwithstanding the transfer by a Grantee of a Nonqualified Stock Option, the transferred Nonqualified Stock Option shall continue to
be subject to the same terms and conditions as were applicable to the Nonqualified Stock Option immediately before the transfer (including,
without limitation, the Insider Trading Policy) and the Grantee will continue to remain subject to the withholding tax requirements set
forth in Section 17 hereof.

 

    	12

     

    

 

(c)
The terms of any award granted under the Plan, including the transferability of any such award, shall be binding upon the executors,
administrators, heirs and successors of the Grantee.

 

(d)
Restricted Stock shall remain subject to the Insider Trading Policy after the expiration of the Restricted Period. Deferred Stock Units
shall remain subject to the Insider Trading Policy after payment thereof.

 

17.
Agreement by Grantee regarding Withholding Taxes.

 

If
the Committee shall so require, as a condition of exercise of an Option, Stock Appreciation Right or Limited Right, the expiration of
a Restricted Period or payment of a Deferred Stock Unit (each, a “Tax Event”), each Grantee shall agree that no later than
the date of the Tax Event, the Grantee will pay to the Company or make arrangements satisfactory to the Committee regarding payment of
any federal, state or local taxes of any kind required by law to be withheld upon the Tax Event. Unless determined otherwise by the Committee,
a Grantee shall permit, to the extent permitted or required by law, the Company to withhold federal, state and local taxes of any kind
required by law to be withheld upon the Tax Event from any payment of any kind due to the Grantee. Unless otherwise determined by the
Committee, any such above-described withholding obligation may, in the discretion of the Company, be satisfied by the withholding by
the Company or delivery to the Company of Class B Common Stock.

 

18.
Rights as a Stockholder.

 

Except
as provided in Section 11(d) of the Plan, a Grantee or a transferee of an award shall have no rights as a stockholder with respect to
any shares covered by the award until the date of the issuance of such shares to him or her. No adjustment shall be made for dividends
(ordinary or extraordinary, whether in cash, securities or other property) or distribution of other rights for which the record date
is prior to the date such shares are issued, except as provided in Section 12(a) of the Plan.

 

19.
No Rights to Employment; Forfeiture of Gains.

 

Nothing
in the Plan or in any award granted or Agreement entered into pursuant hereto shall confer upon any Grantee the right to continue as
a director of, in the employ of, or in a consultant relationship with, the Company or any Subsidiary or to be entitled to any remuneration
or benefits not set forth in the Plan or such Agreement or to interfere with or limit in any way the right of the Company or any such
Subsidiary to terminate such Grantee’s employment or consulting relationship. Awards granted under the Plan shall not be affected
by any change in duties or position of a Grantee as long as such Grantee continues to be employed by, or in a consultant relationship
with, or a director of the Company or any Subsidiary. The Agreement for any award under the Plan may require the Grantee to pay to the
Company any financial gain realized from the prior exercise, vesting or payment of the award in the event that the Grantee engages in
conduct that violates any non-compete, non-solicitation or non-disclosure obligation of the Grantee under any agreement with the Company
or any Subsidiary, including, without limitation, any such obligations provided in the Agreement.

 

20.
Beneficiary.

 

A
Grantee may file with the Committee a written designation of a beneficiary on such form as may be prescribed by the Committee and may,
from time to time, amend or revoke such designation. If no designated beneficiary survives the Grantee, the executor or administrator
of the Grantee’s estate shall be deemed to be the Grantee’s beneficiary.

 

    	13

     

    

 

21.
Authorized Share Approval; Amendment and Termination of the Plan.

 

(a)
AUTHORIZED SHARE APPROVAL. The Plan was adopted by the Board on September 17, 2014. The Plan was ratified by the Company’s stockholders
on December 15, 2014, with 500,000 shares of Class B Common Stock authorized for awards under the Plan. The Plan shall become effective
on January 1, 2015 and shall terminate on September 16, 2024. The Board amended the Plan on September 24, 2015 and October 13, 2016 to
increase the amount of authorized shares under the Plan to 600,000 and then 700,000, respectively, shares of Class B Common Stock. The
Company’s stockholders ratified such amendments to the Plan on December 14, 2015 and December 14, 2016, respectively. The Board
amended the Plan on September 28, 2017 to increase the amount of authorized shares under the Plan to 1,030,000 shares of Class B Common
Stock. The Company’s stockholders ratified such amendment to the Plan on December 14, 2017. The Board amended the Plan on November
15, 2018 to increase the amount of authorized shares under the Plan to 1,130,000 shares of Class B Common Stock. The Company’s
stockholders ratified such amendment to the Plan on December 13, 2018. The Board further amended the Plan on September 12, 2019 to (i)
increase the amount of authorized shares under the Plan to 1,555,000 shares of Class B Common Stock and (ii) change the Non-Employee
Director Annual Grant from 4,000 shares of Restricted Stock to Restricted Stock equal to $50,000 based on the average of the high and
the low stock price on the business day prior to the Non-Employee Director Grant Date. The Company’s stockholders ratified such
amendment to the Plan on December 12, 2019. The Board further amended the Plan on September 14, 2021 to increase the amount of
authorized shares under the Plan to 1,730,000 shares of Class B Common Stock. The Company’s stockholders ratified such amendment
to the Plan on December 15, 2021.

 

(b)
AMENDMENT AND TERMINATION OF THE PLAN. The Board, or the Committee if so delegated by the Board, at any time and from time to time may
suspend, terminate, modify or amend the Plan; however, unless otherwise determined by the Board, or the Committee if applicable, an amendment
that requires stockholder approval in order for the Plan to continue to comply with any law, regulation or stock exchange requirement
shall not be effective unless approved by the requisite vote of stockholders. Except as provided in Section 13(a) of the Plan, no suspension,
termination, modification or amendment of the Plan may adversely affect any award previously granted, unless the written consent of the
Grantee is obtained.

 

22.
Governing Law.

 

The
Plan and all determinations made and actions taken pursuant hereto shall be governed by the laws of the State of Delaware.

 

    	14

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