Document:

Exhibit 10.3

 

STOCKHOLDERS AGREEMENT

 

This Stockholders Agreement
(this “Agreement”) is dated as of January 21, 2021 and is entered into by and among TRP Capital Partners,
LP, a Delaware limited partnership (“TRP”), Acamar Partners Sponsor I LLC, a Delaware limited liability
company (the “Sponsor”), Michael Bor, (together with TRP and the Sponsor, the “Stockholder
Parties”) and Acamar Partners Acquisition Corp., a Delaware corporation (“Acamar”).

 

WHEREAS, Acamar,
Acamar Partners Sub, Inc., a wholly-owned subsidiary of Acamar (“Merger Sub”), and CarLotz, Inc., a Delaware
corporation (“CarLotz”), are parties to that certain Agreement and Plan of Merger, dated as of October
20, 2020 (2020 (as amended pursuant to amendment No. 1, dated December 16, 2020, the “Merger Agreement”),
pursuant to which Merger Sub will merge with and into CarLotz (the “Merger”), with CarLotz as the surviving
entity and a wholly-owned subsidiary of Acamar (the date of consummation of the Merger the “Closing Date”);

 

WHEREAS, on
the Closing Date, Acamar will be renamed CarLotz, Inc. and remain listed on the NASDAQ (the renamed public company parent of CarLotz,
the “Company”);

 

WHEREAS, upon
the consummation of the Merger, the Stockholder Parties will be stockholders of the Company;

 

WHEREAS, in
connection with the Merger and effective upon the consummation thereof, the parties hereto wish to set forth herein certain understandings
between such parties, including with respect to certain governance and other matters.

 

NOW, THEREFORE,
the parties agree as follows:

 

1.            Board
of Directors.

 

(a)           The
business and affairs of the Company shall be managed by or under the direction of its board of directors (the “Board”).
The Stockholder Parties shall take all necessary and desirable actions within its control such that (i) the size of the Board
shall initially be set at nine (9) members, and thereafter may be changed from time to time by resolution of the Board in accordance
with the Company’s amended and restated certificate of incorporation (the “Charter”) and amended
and restated bylaws (the “Bylaws” and together with the Charter, the “Organizational Documents”)
and (ii) while the size of the Board is nine (9) member, five (5) of those members will be independent (and to qualify as “independent”
shall meet the requirements of any applicable laws and the listing standards of NASDAQ, as determined by the Board).

 

(b)           The
Charter of the Company shall provide that the Company shall have a classified Board, with three classes of directors. While the
size of the Board is nine (9) members, three directors shall be in Class I, three directors in Class II and three directors in
Class III. One-third of the Board will be elected each year. The term of office of the Class I directors will expire at the Company’s
annual meeting of stockholders in 2021. The term of office of the Class II directors will expire at the Company’s annual
meeting of stockholders in 2022. The term of office of the Class III directors will expire at the Company’s annual meeting
of stockholders in 2023.

 

     

     

    

 

2.            Right
to Nominate Directors.

 

(a)           Following
the Closing Date, the Stockholder Parties shall, as promptly as practicable, take all necessary and desirable actions within its
control, to the fullest extent permitted by applicable Law (including with respect to any fiduciary duties under Delaware law),
to cause the nominating committee of the Board (the “Nominating Committee”) to nominate and recommend
to the Board, the following individuals for election to the Board:

 

(i) for so
long as TRP holds at least 10% of the issued and outstanding shares of the Company, two individuals designated by TRP;

 

(ii) for so
long as the Sponsor, or, in case the Sponsor is dissolved, the individuals identified in Exhibit A collectively, holds three
percent (3%) of the issued and outstanding shares of the Company, two individuals designated by the Sponsor (or in case the Sponsor
is dissolved, the individuals identified in Exhibit A collectively), one of whom will be an independent director (and to
qualify as “independent” shall meet the requirements of any applicable laws and the listing standards of NASDAQ, as
determined by the Board), and

 

(iii) Michael
Bor (who shall initially be a Class III director and the chairperson of the Board), for so long as Michael Bor is the chief executive
officer of the Company or he, together with the trusts identified on Exhibit B, holds at least 10% of the issued and outstanding
shares of the Company.

 

(b)           The
remaining directors (all of which shall qualify as independent directors under the requirements of any applicable laws and the
listing standards of NASDAQ, as determined by the Board) will be nominated by the Nominating Committee in accordance with its
policies and procedures. The initial composition of the Nominating Committee shall be agreed by Michael Bor, one director nominated
by TRP and one director nominated by the Sponsor.

 

(c)           Directors
are subject to removal pursuant to the applicable provisions of the Organizational Documents.

 

(d)           In
the event that a vacancy is created at any time by the death, retirement, disability, removal or resignation of any of the members
nominated by TRP or the Sponsor, the remaining directors and the Company shall, to the fullest extent permitted by applicable
Law (including with respect to any fiduciary duties under Delaware law), cause the vacancy created thereby to be filled by a new
member nominated by the Sponsor or TRP, as applicable, as soon as possible, and the Company hereby agrees to take, to the fullest
extent permitted by applicable Law (including with respect to any fiduciary duties under Delaware law), at any time and from time
to time, all actions necessary to accomplish the same.

 

(e)           The
Company agrees, to the fullest extent permitted by applicable Law (including with respect to any fiduciary duties under Delaware
law), to include, in the slate of nominees recommended by the Board for election at any meeting of stockholders called for the
purpose of electing directors, the persons nominated pursuant to this Section 2 (to the extent that directors of such
nominee’s class are to be elected at such meeting, for so long as the Board is classified) and to nominate and recommend
each such individual to be elected as a director as provided herein, and to solicit proxies or consents in favor thereof and to
cause the applicable proxies to vote in accordance with the foregoing. The Company and the directors shall take all necessary
corporate action, to the fullest extent permitted by applicable Law (including with respect to any fiduciary duties under Delaware
law), to (x) enable the Sponsor and TRP to nominate their respective designated individuals, and (y) designate the requisite
number of additional individuals specified by the Sponsor or TRP to fill such newly created vacancies or to fill any other existing
vacancies, as warranted.

 

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(f)            Each
member of the Board shall be entitled to the same rights and privileges applicable to all other members of the Board generally
or to which all such members of the Board are entitled. In furtherance of the foregoing, the Company shall indemnify, exculpate,
and reimburse fees and expenses of the directors and provide them with director and officer insurance to the same extent it indemnifies,
exculpates, reimburses and provides insurance for the other members of the Board pursuant to the Organizational Documents of the
Company, applicable Law or otherwise.

 

3.            Certain
Transactions. Each Stockholder Party acknowledges
that TRP’s business and that of its affiliates, partners, controlling persons, and their respective affiliates is to provide
capital and financing to businesses and enterprises. Accordingly, in recognition of the benefits to be derived by the Company
of having TRP as a Stockholder Party, each Stockholder Party agrees that TRP and its affiliates may engage in business
activities or commercial transactions that may be seen to compete with the Company, that neither the Company nor any of its stockholders
shall have any right in or to such other interests or activities or to the income or proceeds derived therefrom, and that TRP
shall not be obligated to present any particular investment or business opportunity to the Company or any of its affiliates even
if that opportunity were of a type which, if presented to the Company or an affiliate, could be undertaken by it. 

 

4.            Entire
agreement. This Agreement constitutes the entire agreement and understanding of the
parties hereto in respect of the subject matter hereof and supersede all prior understandings, agreements, or representations
by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof. This Stockholder
Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision,
except by a written instrument executed by the parties hereto.

 

5.            Assignment.
No party hereto may, except as set forth herein, assign either this Agreement or any of its rights, interests, or obligations
hereunder without the prior written consent of the other parties. Any purported assignment in violation of this paragraph shall
be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee. This Agreement
shall be binding on the parties and their respective successors (including in the case of Acamar, the Company), heirs, personal
representatives and assigns and permitted transferees. 

 

6.            Counterparts.
This Agreement may be executed in any number of original, electronic or facsimile counterparts
and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute
but one and the same instrument.

 

7.            Severability.
This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect
the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid
or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Agreement a provision
as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

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8.            Governing
Law; Jurisdiction; Waiver of Jury Trial. This Agreement, the rights and duties of the parties
hereto, and any disputes (whether in contract, tort or statute) arising out of, under or in connection with this Agreement will
be governed by and construed and enforced in accordance with the laws of the State of Delaware, without giving effect to any principles
or rules of conflict of laws to the extent such principles or rules would require or permit the application of the laws of another
jurisdiction. The parties hereto irrevocably and unconditionally submit to the exclusive jurisdiction of the United States District
Court for the District of Delaware or, if such court does not have jurisdiction, the Delaware state courts located in Wilmington,
Delaware, in any action arising out of or relating to this Agreement. The parties hereto irrevocably agree that all such claims
shall be heard and determined in such a Delaware federal or state court, and that such jurisdiction of such courts with respect
thereto will be exclusive. Each party hereto hereby waives, and agrees not to assert, as a defense in any action, suit or proceeding
arising out of or relating to this Agreement that it is not subject to such jurisdiction, or that such action, suit or proceeding
may not be brought or is not maintainable in such courts or that the venue thereof may not be appropriate or that this Agreement
may not be enforced in or by such courts. The parties hereto hereby consent to and grant any such court jurisdiction over the
person of such parties and over the subject matter of any such dispute. Nothing herein contained shall be deemed to affect the
right of any party to serve process in any manner permitted by law or to commence legal proceedings or otherwise proceed against
any other party in any other jurisdiction, in each case, to enforce judgments obtained in any action brought pursuant to this
paragraph. To the extent not prohibited by applicable law that cannot be waived, each of the parties hereto irrevocably waives
any right it may have to trial by jury in respect of any litigation based on, arising out of, under or in connection with this
Agreement, including but not limited to any course of conduct, course of dealing, verbal or written statement or action of any
party hereto.

 

9.            Notices.
Any notice, designation, request, request for consent or consent provided for in this Agreement shall be in writing and shall
be either personally delivered, or mailed first class mail (postage prepaid) or sent by reputable overnight courier service (charges
prepaid) to the Company at the address set forth below and to any other recipient at the address indicated on the Company’s
records, or at such address or to the attention of such other person as the recipient party has specified by prior written notice
to the sending party. Notices will be deemed to have been given hereunder when sent by facsimile (receipt confirmed) or delivered
personally, five (5) days after deposit in the U.S. mail and one (1) day after deposit with a reputable overnight courier
service.

 

Michael Bor’s address is:

 

c/o CarLotz, Inc.

611 Bainbridge Street, Suite 100

Richmond, VA 23220

Attn: Michael Bor

 

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with a copy (not constituting
notice) to:

 

Troutman Pepper

1001 Haxall Point, Suite 1500

Richmond, VA 23219

Attn: Mason Bayler

E-mail: mason.bayler@troutman.com

 

The Sponsor’s address is:

 

1450 Brickell Avenue, Suite 2130

Miami, Florida 33131

Attn: Luis I. Solorzano Aizpuru

E-mail: luis@acamarpartners.com

 

with a copy to:

 

Simpson Thacher & Bartlett LLP

425 Lexington Avenue

New York, NY 10017

Attn: Jaime Mercado

E-mail: jmercado@stblaw.com

 

TRP’s address is:

 

380 N Old Woodward Ave, Suite 205

Birmingham, MI 48009

Attention: Dave Mitchell

E-mail: dave.mitchell@trpfund.com

 

with a copy (not constituting notice) to:

 

Freshfields Bruckhaus Deringer US LLP

601 Lexington Avenue

New York, NY 10022

Attn: Valerie Ford Jacob

E-mail: valerie.jacob@freshfields.com

 

or such other address furnished to the Company and
the other Stockholder Parties in writing;

 

If to any other Stockholder Party, to such
address as such Stockholder Party shall furnish to the Company and the other Stockholder Parties in writing.

 

[Remainder of Page Intentionally Left
Blank]

 

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IN WITNESS WHEREOF,
the parties hereto have executed this Stockholders Agreement on the day and year first above written.

 

	 	TRP Capital Partners, LP
	 	 
	 	By: 	/s/ David
    R. Mitchell 
	 	Name: David R. Mitchell
	 	Title: Managing Director

 

Signature Page to Stockholders Agreement

 

     

     

    

 

	 	ACAMAR PARTNERS ACQUISITON CORP.
	 	 	 
	 	By:	/s/ Joseba Picaza
	 	Name: Joseba Picaza
	 	Title: Chief Financial Officer

 

Signature Page to Stockholders Agreement

 

     

     

    

 

	 	ACAMAR PARTNERS SPONSOR I LLC
	 	 	 
	 	By:	/s/ Joseba Picaza
	 	Name: Joseba Picaza
	 	Title: Chief Financial Officer

 

Signature Page to Stockholders Agreement

 

     

     

    

 

	 	MICHAEL BOR
	 	 
	 	By:	 /s/ Michael Bor
	 	Name: Michael Bor
	 	Title: CEO

 

Signature Page to Stockholders Agreement

 

     

     

    

 

Exhibit A

 

Mr. Juan Carlos Torres Carretero

Mr. Luis Ignacio Solorzano Aizpuru

Mr. Raffaele Roberto Vitale

Mr. Juan Duarte Hinterholzer

Mr. Joseba Asier Picaza Ucar

 

     

     

    

 

Exhibit B

 

1. Michael W. Bor 2020 Qualified Grantor Retained Annuity Trust

2. Michael W. Bor Irrevocable Family Trust Dated October 16,
2020Exhibit 10.12

 

carlotz,
inc.

 

2020 INCENTIVE
AWARD PLAN

 

ARTICLE 1

PURPOSE

 

The purpose of the CarLotz, Inc. 2020 Incentive
Award Plan (as it may be amended or restated from time to time, the “Plan”) is to promote the success and enhance
the value of CarLotz, Inc. (the “Company”) and its Subsidiaries and affiliates by linking the individual interests
of the members of the Board, Employees, and Consultants to those of Company stockholders and by providing such individuals with
an incentive for outstanding performance to generate superior returns to Company stockholders. The Plan is further intended to
provide flexibility to the Company in its ability to motivate, attract, and retain the services of members of the Board, Employees,
and Consultants upon whose judgment, interest, and special effort the successful conduct of the Company’s operation is largely
dependent.

 

ARTICLE 2

DEFINITIONS AND CONSTRUCTION

 

Wherever the following terms are used in
the Plan they shall have the meanings specified below, unless the context clearly indicates otherwise. The singular pronoun shall
include the plural where the context so indicates.

 

2.1        
“Administrator” shall mean the entity that conducts the general administration of the Plan as provided
in Article 11. With reference to the duties of the Committee under the Plan which have been delegated to one or more persons pursuant
to Section 11.6, or as to which the Board has assumed, the term “Administrator” shall refer to such person(s) unless
the Committee or the Board has revoked such delegation or the Board has terminated the assumption of such duties.

 

2.2        
“Applicable Accounting Standards” shall mean Generally Accepted Accounting Principles in the United States,
International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s
financial statements under United States federal securities laws from time to time.

 

2.3        
“Applicable Law” shall mean any applicable law, including without limitation: (a) provisions of the Code,
the Securities Act, the Exchange Act and any rules or regulations thereunder; (b) corporate, securities, tax or other laws, statutes,
rules, requirements or regulations, whether federal, state, local or foreign; and (c) rules of any securities exchange or automated
quotation system on which the Shares are listed, quoted or traded.

 

2.4        
“Automatic Exercise Date” shall mean, with respect to an Option or a Stock Appreciation Right, the last
business day of the applicable Option Term or Stock Appreciation Right Term that was initially established by the Administrator
for such Option or Stock Appreciation Right (e.g., the last business day prior to the tenth anniversary of the date of grant
of such Option or Stock Appreciation Right if the Option or Stock Appreciation Right initially had a ten-year Option Term or Stock
Appreciation Right Term, as applicable).

 

     

     

    

 

2.5        
“Award” shall mean an Option, a Stock Appreciation Right, a Restricted Stock award, a Restricted Stock
Unit award, an Other Stock or Cash Based Award or a Dividend Equivalent award, which may be awarded or granted under the Plan.

 

2.6        
“Award Agreement” shall mean any written notice, agreement, terms and conditions, contract or other instrument
or document evidencing an Award, including through electronic medium, which shall contain such terms and conditions with respect
to an Award as the Administrator shall determine consistent with the Plan.

 

2.7        
“Board” shall mean the Board of Directors of the Company.

 

2.8        
“Change in Control” shall mean and includes each of the following:

 

		(a)	A transaction or series of transactions (other than an offering of Common Stock to the general
public through a registration statement filed with the Securities and Exchange Commission) whereby any “person” or
related “group” of “persons” (as such terms are used in Sections 13(d) and 14(d)(2) of the Exchange Act)
directly or indirectly acquires beneficial ownership (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) of securities
of the Company possessing more than 50% of the total combined voting power of the Company’s securities outstanding immediately
after such acquisition; provided, however, that the following acquisitions shall not constitute a Change in Control:
(i) any acquisition by the Company or any of its Subsidiaries or a “person” that, prior to such transaction, directly
or indirectly controls, is controlled by, or is under common control with, the Company; (ii) any acquisition by an employee benefit
plan maintained by the Company or any of its Subsidiaries; (iii) any acquisition which complies with Sections 2.8(c)(i), 2.8(c)(ii)
and 2.8(c)(iii); or (iv) in respect of an Award held by a particular Holder, any acquisition by the Holder or any group of persons
including the Holder (or any entity controlled by the Holder or any group of persons including the Holder); or

 

		(b)	The Incumbent Directors cease for any reason to constitute a majority of the Board; or

 

		(c)	The consummation by the Company (whether directly involving the Company or indirectly involving
the Company through one or more intermediaries) of (x) a merger, consolidation, reorganization, or business combination, (y) a
sale or other disposition of all or substantially all of the Company’s assets in any single transaction or series of related
transactions or (z) the acquisition of assets or stock of another entity, in each case other than a transaction:

 

		(i)	which results in the Company’s voting securities outstanding immediately before the transaction
continuing to represent (either by remaining outstanding or by being converted into voting securities of the Company or the person
that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or substantially
all of the Company’s assets or otherwise succeeds to the business of the Company (the Company or such person, the “Successor
Entity”)) directly or indirectly, at least a majority of the combined voting power of the Successor Entity’s outstanding
voting securities immediately after the transaction; and

 

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		(ii)	after which no person or group beneficially owns voting securities representing 50% or more of
the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated
for purposes of this Section 2.8(c)(ii) as beneficially owning 50% or more of the combined voting power of the Successor Entity
solely as a result of the voting power held in the Company prior to the consummation of the transaction; and

 

		(iii)	after which at least a majority of the members of the board of directors (or the analogous governing
body) of the Successor Entity were Board members at the time of the Board’s approval of the execution of the initial agreement
providing for such transaction; or

 

		(d)	The date specified by the Board following approval by the Company’s stockholders of a plan
of complete liquidation or dissolution of the Company.

 

Notwithstanding the foregoing,
if a Change in Control constitutes a payment event with respect to any Award (or any portion of an Award) that provides for the
deferral of compensation that is subject to Section 409A, to the extent required to avoid the imposition of additional taxes under
Section 409A, the transaction or event described in subsection (a), (b), (c) or (d) with respect to such Award (or portion thereof)
shall only constitute a Change in Control for purposes of the payment timing of such Award if such transaction also constitutes
a “change in control event,” as defined in Treasury Regulation Section 1.409A-3(i)(5).

 

The Administrator shall have
full and final authority, which shall be exercised in its sole discretion, to determine conclusively whether a Change in Control
has occurred pursuant to the above definition, the date of the occurrence of such Change in Control and any incidental matters
relating thereto; provided that any exercise of authority in conjunction with a determination of whether a Change in Control
is a “change in control event” as defined in Treasury Regulation Section 1.409A-3(i)(5) shall be consistent with such
regulation.

 

2.9        
“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, together with the
regulations and official guidance promulgated thereunder, whether issued prior or subsequent to the grant of any Award.

 

2.10      
“Committee” shall mean the Compensation Committee of the Board, or another committee or subcommittee
of the Board or the Compensation Committee of the Board described in Article 11 hereof.

 

2.11      
“Common Stock” shall mean the common stock of the Company, par value $0.0001 per share.

 

2.12      
“Company” shall have the meaning set forth in Article 1.

 

2.13      
“Consultant” shall mean any consultant or adviser engaged to provide services to the Company or any Subsidiary
who qualifies as a consultant or advisor under the applicable rules of the Securities and Exchange Commission for registration
of shares on a Form S-8 Registration Statement.

 

2.14      
“Director” shall mean a member of the Board, as constituted from time to time.

 

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2.15      
“Director Limit” shall have the meaning set forth in Section 4.6.

 

2.16      
“Dividend Equivalent” shall mean a right to receive the equivalent value (in cash or Shares) of dividends
paid on Shares, awarded under Section 9.2.

 

2.17      
“DRO” shall mean a “domestic relations order” as defined by the Code or Title I of the Employee
Retirement Income Security Act of 1974, as amended from time to time, or the rules thereunder.

 

2.18      
“Effective Date” shall mean the date the Plan is adopted by the Board, subject to approval by the Company’s
stockholders.

 

2.19      
“Eligible Individual” shall mean any person who is an Employee, a Consultant or a Non-Employee Director,
as determined by the Administrator.

 

2.20      
“Employee” shall mean any officer or other employee (as determined in accordance with Section 3401(c)
of the Code and the Treasury Regulations thereunder) of the Company or of any Subsidiary.

 

2.21      
“Equity Restructuring” shall mean a nonreciprocal transaction between the Company and its stockholders,
such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend,
that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities)
and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

 

2.22      
“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time.

 

2.23      
“Expiration Date” shall have the meaning given to such term in Section 12.1(c).

 

2.24      
“Fair Market Value” shall mean, as of any given date, the value of a Share determined as follows:

 

		(a)	If the Common Stock is (i) listed on any established securities exchange (such as the New York
Stock Exchange, the Nasdaq Capital Market, the Nasdaq Global Market and the Nasdaq Global Select Market), (ii) listed on any national
market system or (iii) quoted or traded on any automated quotation system, its Fair Market Value shall be the closing sales price
for a Share as quoted on such exchange or system for such date or, if there is no closing sales price for a Share on the date in
question, the closing sales price for a Share on the last preceding date for which such quotation exists, as reported in The
Wall Street Journal or such other source as the Administrator deems reliable;

 

		(b)	If the Common Stock is not listed on an established securities exchange, national market system
or automated quotation system, but the Common Stock is regularly quoted by a recognized securities dealer, its Fair Market Value
shall be the mean of the high bid and low asked prices for such date or, if there are no high bid and low asked prices for a Share
on such date, the high bid and low asked prices for a Share on the last preceding date for which such information exists, as reported
in The Wall Street Journal or such other source as the Administrator deems reliable; or

 

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		(c)	If the Common Stock is neither listed on an established securities exchange, national market system
or automated quotation system nor regularly quoted by a recognized securities dealer, its Fair Market Value shall be established
by the Administrator in its discretion.

 

Notwithstanding
the foregoing, with respect to any Award granted on the Closing Date (as defined in that certain Agreement and Plan of Merger,
dated October 21, 2020, between the Company, Acamar Partners Acquisition Corp. and Acamar Partners Sub, Inc.), the Fair Market
Value shall mean the closing sales price for a Share as quoted on the Nasdaq Capital Market on the day immediately prior to the
Closing Date.

 

2.25      
“Greater Than 10% Stockholder” shall mean an individual then owning (within the meaning of Section 424(d)
of the Code) more than 10% of the total combined voting power of all classes of stock of the Company or any subsidiary corporation
(as defined in Section 424(f) of the Code) or parent corporation thereof (as defined in Section 424(e) of the Code).

 

2.26      
“Holder” shall mean a person who has been granted an Award.

 

2.27      
“Incentive Stock Option” shall mean an Option that is intended to qualify as an incentive stock option
and conforms to the applicable provisions of Section 422 of the Code.

 

2.28      
“Incumbent Directors’ shall mean for any period of 12 consecutive months, individuals who, at the beginning
of such period, constitute the Board together with any new Director(s) (other than a Director designated by a person who shall
have entered into an agreement with the Company to effect a transaction described in Section 2.8(a) or 2.8(c)) whose election or
nomination for election to the Board was approved by a vote of at least a majority (either by a specific vote or by approval of
the proxy statement of the Company in which such person is named as a nominee for Director without objection to such nomination)
of the Directors then still in office who either were Directors at the beginning of the 12-month period or whose election or nomination
for election was previously so approved. No individual initially elected or nominated as a director of the Company as a result
of an actual or threatened election contest with respect to Directors or as a result of any other actual or threatened solicitation
of proxies by or on behalf of any person other than the Board shall be an Incumbent Director.

 

2.29      
“Non-Employee Director” shall mean a Director of the Company who is not an Employee.

 

2.30      
“Non-Qualified Stock Option” shall mean an Option that is not an Incentive Stock Option or which is designated
as an Incentive Stock Option but does not meet the applicable requirements of Section 422 of the Code.

 

2.31      
“Option” shall mean a right to purchase Shares at a specified exercise price, granted under Article 5.
An Option shall be either a Non-Qualified Stock Option or an Incentive Stock Option; provided, however, that Options
granted to Non-Employee Directors and Consultants shall only be Non-Qualified Stock Options.

 

2.32      
“Option Term” shall have the meaning set forth in Section 5.4.

 

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2.33     
“Organizational Documents” shall mean, collectively, (a) the Company’s articles of incorporation,
certificate of incorporation, bylaws or other similar organizational documents relating to the creation and governance of the Company,
and (b) the Committee’s charter or other similar organizational documentation relating to the creation and governance of
the Committee.

 

2.34      
“Other Stock or Cash Based Award” shall mean a cash payment, cash bonus award, stock payment, stock bonus
award, performance award or incentive award that is paid in cash, Shares or a combination of both, awarded under Section 9.1, which
may include, without limitation, deferred stock, deferred stock units, performance awards, retainers, committee fees, and meeting-based
fees.

 

2.35      
“Permitted Transferee” shall mean, with respect to a Holder, any “family member” of the Holder,
as defined in the General Instructions to Form S-8 Registration Statement under the Securities Act (or any successor form thereto),
or any other transferee specifically approved by the Administrator after taking into account Applicable Law.

 

2.36      
“Plan” shall have the meaning set forth in Article 1.

 

2.37     
“Program” shall mean any program adopted by the Administrator pursuant to the Plan containing the terms
and conditions intended to govern a specified type of Award granted under the Plan and pursuant to which such type of Award may
be granted under the Plan.

 

2.38      
“Restricted Stock” shall mean Common Stock awarded under Article 7 that is subject to certain restrictions
and may be subject to risk of forfeiture or repurchase.

 

2.39      
“Restricted Stock Units” shall mean the right to receive Shares awarded under Article 8.

 

2.40      
“SAR Term” shall have the meaning set forth in Section 5.4.

 

2.41      
“Section 409A” shall mean Section 409A of the Code and the Department of Treasury regulations and other
interpretive guidance issued thereunder, including, without limitation, any such regulations or other guidance that may be issued
after the Effective Date.

 

2.42      
“Securities Act” shall mean the Securities Act of 1933, as amended.

 

2.43      
“Shares” shall mean shares of Common Stock.

 

2.44      
“Stock Appreciation Right” shall mean an Award entitling the Holder (or other person entitled to exercise
pursuant to the Plan) to exercise all or a specified portion thereof (to the extent then exercisable pursuant to its terms) and
to receive from the Company an amount determined by multiplying (a) the difference obtained by subtracting (i) the exercise price
per share of such Award from (ii) the Fair Market Value on the date of exercise of such Award by (b) the number of Shares with
respect to which such Award shall have been exercised, subject to any limitations the Administrator may impose.

 

2.45      
“Subsidiary” shall mean any entity (other than the Company), whether domestic or foreign, in an unbroken
chain of entities beginning with the Company if each of the entities other than the last entity in the unbroken chain beneficially
owns, at the time of the determination, securities or interests representing at least fifty percent (50%) of the total combined
voting power of all classes of securities or interests in one of the other entities in such chain.

 

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2.46     
“Substitute Award” shall mean an Award granted under the Plan in connection with a corporate transaction,
such as a merger, combination, consolidation or acquisition of property or stock, in any case, upon the assumption of, or in substitution
for, outstanding equity awards previously granted by a company or other entity; provided, however, that in no event
shall the term “Substitute Award” be construed to refer to an award made in connection with the cancellation and repricing
of an Option or Stock Appreciation Right.

 

2.47      
“Termination of Service” shall mean the date the Holder ceases to be an Eligible Individual.

 

The Administrator,
in its sole discretion, shall determine the effect of all matters and questions relating to any Termination of Service, including,
without limitation, whether a Termination of Service has occurred, whether a Termination of Service resulted from a discharge for
cause and all questions of whether particular leaves of absence constitute a Termination of Service; provided, however,
that, with respect to Incentive Stock Options, unless the Administrator otherwise provides in the terms of any Program, Award Agreement
or otherwise, or as otherwise required by Applicable Law, a leave of absence, change in status from an employee to an independent
contractor or other change in the employee-employer relationship shall constitute a Termination of Service only if, and to the
extent that, such leave of absence, change in status or other change interrupts employment for the purposes of Section 422(a)(2)
of the Code and the then-applicable regulations and revenue rulings under said Section. For purposes of the Plan, a Holder’s
employee-employer relationship or consultancy relations shall be deemed to be terminated in the event that the Subsidiary employing
or contracting with such Holder ceases to remain a Subsidiary following any merger, sale of stock or other corporate transaction
or event (including, without limitation, a spin-off).

 

ARTICLE 3

SHARES SUBJECT TO THE PLAN

 

3.1        
Number of Shares.

 

		(a)	Subject to Sections 3.1(b) and 12.2 the aggregate number of Shares which may be issued or transferred
pursuant to Awards under the Plan is 9,531,857. The number of Shares available for issuance under the Plan will be automatically
increased on the first day of each fiscal year beginning with the 2022 fiscal year, in an amount equal to the lesser of (i) two
percent (2)% of the outstanding Shares on the last day of the immediately preceding fiscal year and (ii) such number of Shares
determined by the Board. Any Shares distributed pursuant to an Award may consist, in whole or in part, of authorized and unissued
Common Stock, treasury Common Stock or Common Stock purchased on the open market. Notwithstanding the foregoing, the aggregate
number of Shares which may be issued or transferred pursuant to Awards under the Plan in the form of Incentive Stock Options shall
be 9,531,857.

 

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		(b)	If any Shares subject to an Award are forfeited or expire, are converted to shares of another person
in connection with a recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, exchange of shares
or other similar event, or such Award is settled for cash (in whole or in part) (including Shares repurchased by the Company under
Section 7.4 at the same price paid by the Holder), the Shares subject to such Award shall, to the extent of such forfeiture, expiration,
conversion or cash settlement, again be available for future grants of Awards under the Plan. In addition, the following Shares
shall be added to the Shares authorized for grant under Section 3.1(a) and shall be available for future grants of Awards: (i)
Shares tendered by a Holder or withheld by the Company in payment of the exercise price of an Option; (ii) Shares tendered by the
Holder or withheld by the Company to satisfy any tax withholding obligation with respect to an Award; (iii) Shares subject to a
Stock Appreciation Right or other stock-settled Award (including Awards that may be settled in cash or stock) that are not issued
in connection with the settlement or exercise, as applicable, of the Stock Appreciation Right or other stock-settled Award; and
(iv) Shares purchased on the open market by the Company with the cash proceeds received from the exercise of Options. Any Shares
repurchased by the Company under Section 7.4 at the same price paid by the Holder so that such Shares are returned to the Company
shall again be available for Awards. The payment of Dividend Equivalents in cash in conjunction with any outstanding Awards shall
not be counted against the Shares available for issuance under the Plan. Notwithstanding the provisions of this Section 3.1(b),
no Shares may again be optioned, granted or awarded if such action would cause an Incentive Stock Option to fail to qualify as
an incentive stock option under Section 422 of the Code.

 

		(c)	Substitute Awards may be granted on such terms as the Administrator deems appropriate, notwithstanding
limitations on Awards in the Plan. Substitute Awards shall not reduce the Shares authorized for grant under the Plan, except as
may be required by reason of Section 422 of the Code, and Shares subject to such Substitute Awards shall not be added to the Shares
available for Awards under the Plan as provided in Section 3.1(b) above. Additionally, in the event that a company acquired by
the Company or any Subsidiary or with which the Company or any Subsidiary combines has shares available under a pre-existing plan
approved by its stockholders and not adopted in contemplation of such acquisition or combination, the shares available for grant
pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment
or valuation ratio or formula used in such acquisition or combination to determine the consideration payable to the holders of
common stock of the entities party to such acquisition or combination) may subject to Applicable Law, be used for Awards under
the Plan and shall not reduce the Shares authorized for grant under the Plan (and Shares subject to such Awards shall not be added
to the Shares available for Awards under the Plan as provided in Section 3.1(b) above); provided that Awards using such
available Shares shall not be made after the date awards or grants could have been made under the terms of the pre-existing plan,
absent the acquisition or combination, and shall only be made to individuals who were not employed by or providing services to
the Company or its Subsidiaries immediately prior to such acquisition or combination.

 

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ARTICLE 4

GRANTING OF AWARDS

 

4.1        
Participation. The Administrator may, from time to time, select from among all Eligible Individuals, those to whom
an Award shall be granted and shall determine the nature and amount of each Award, which shall not be inconsistent with the requirements
of the Plan. No Eligible Individual or other person shall have any right to be granted an Award pursuant to the Plan and neither
the Company nor the Administrator is obligated to treat Eligible Individuals, Holders or any other persons uniformly. Participation
by each Holder in the Plan shall be voluntary and nothing in the Plan or any Program shall be construed as mandating that any Eligible
Individual or other person shall participate in the Plan.

 

4.2        
Award Agreement. Each Award shall be evidenced by an Award Agreement that sets forth the terms, conditions and limitations
for such Award as determined by the Administrator in its sole discretion (consistent with the requirements of the Plan and any
applicable Program). Award Agreements evidencing Incentive Stock Options shall contain such terms and conditions as may be necessary
to meet the applicable provisions of Section 422 of the Code.

 

4.3        
Limitations Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan, the Plan, and any
Award granted or awarded to any individual who is then subject to Section 16 of the Exchange Act, shall be subject to any additional
limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including Rule 16b-3 of the Exchange
Act and any amendments thereto) that are requirements for the application of such exemptive rule. To the extent permitted by Applicable
Law, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such applicable
exemptive rule.

 

4.4        
At-Will Service. Nothing in the Plan or in any Program or Award Agreement hereunder shall confer upon any Holder
any right to continue in the employ of, or as a Director or Consultant for, the Company or any Subsidiary, or shall interfere with
or restrict in any way the rights of the Company and any Subsidiary, which rights are hereby expressly reserved, to discharge any
Holder at any time for any reason whatsoever, with or without cause, and with or without notice, or to terminate or change all
other terms and conditions of employment or engagement, except to the extent expressly provided otherwise in a written agreement
between the Holder and the Company or any Subsidiary.

 

4.5        
Foreign Holders. Notwithstanding any provision of the Plan or applicable Program to the contrary, in order to comply
with the laws in countries other than the United States in which the Company and its Subsidiaries operate or have Employees, Non-Employee
Directors or Consultants, or in order to comply with the requirements of any foreign securities exchange or other Applicable Law,
the Administrator, in its sole discretion, shall have the power and authority to: (a) determine which Subsidiaries shall be covered
by the Plan; (b) determine which Eligible Individuals outside the United States are eligible to participate in the Plan; (c) modify
the terms and conditions of any Award granted to Eligible Individuals outside the United States to comply with Applicable Law (including,
without limitation, applicable foreign laws or listing requirements of any foreign securities exchange); (d) establish subplans
and modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable; provided,
however, that no such subplans and/or modifications shall increase the share limitation contained in Section 3.1 or the
Director Limit; and (e) take any action, before or after an Award is made, that it deems advisable to obtain approval or comply
with any necessary local governmental regulatory exemptions or approvals or listing requirements of any foreign securities exchange.

 

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4.6        
Non-Employee Director Limit. Notwithstanding any provision to the contrary in the Plan, the grant date fair value
(determined as of the grant date in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic
718, or any successor thereto) of equity-based Awards and any cash-based Awards granted to a Non-Employee Director during any calendar
year shall not exceed $500,000 in the aggregate (the “Director Limit”).

 

ARTICLE 5

GRANTING OF OPTIONS AND STOCK APPRECIATION RIGHTS

 

5.1        
Granting of Options and Stock Appreciation Rights to Eligible Individuals. The Administrator is authorized to grant
Options and Stock Appreciation Rights to Eligible Individuals from time to time, in its sole discretion, on such terms and conditions
as it may determine, which shall not be inconsistent with the Plan.

 

5.2        
Qualification of Incentive Stock Options. The Administrator may grant Options intended to qualify as Incentive Stock
Options only to employees of the Company, any of the Company’s present or future “parent corporations” or “subsidiary
corporations” as defined in Sections 424(e) or 424(f) of the Code, respectively, and any other entities the employees of
which are eligible to receive Incentive Stock Options under the Code. No person who qualifies as a Greater Than 10% Stockholder
may be granted an Incentive Stock Option unless such Incentive Stock Option conforms to the applicable provisions of Section 422
of the Code. To the extent that the aggregate fair market value of stock with respect to which “incentive stock options”
(within the meaning of Section 422 of the Code, but without regard to Section 422(d) of the Code) are exercisable for the first
time by a Holder during any calendar year under the Plan, and all other plans of the Company and any parent corporation or subsidiary
corporation thereof (as defined in Sections 424(e) and 424(f) of the Code, respectively), exceeds $100,000, the Options shall be
treated as Non-Qualified Stock Options to the extent required by Section 422 of the Code. The rule set forth in the immediately
preceding sentence shall be applied by taking Options and other “incentive stock options” into account in the order
in which they were granted and the fair market value of stock shall be determined as of the time the respective options were granted.
Any interpretations and rules under the Plan with respect to Incentive Stock Options shall be consistent with the provisions of
Section 422 of the Code. Neither the Company nor the Administrator shall have any liability to a Holder, or any other person, (a)
if an Option (or any part thereof) which is intended to qualify as an Incentive Stock Option fails to qualify as an Incentive Stock
Option or (b) for any action or omission by the Company or the Administrator that causes an Option not to qualify as an Incentive
Stock Option, including without limitation, the conversion of an Incentive Stock Option to a Non-Qualified Stock Option or the
grant of an Option intended as an Incentive Stock Option that fails to satisfy the requirements under the Code applicable to an
Incentive Stock Option.

 

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5.3        
Option and Stock Appreciation Right Exercise Price. The exercise price per Share subject to each Option and Stock
Appreciation Right shall be set by the Administrator, but, for any such Award granted to a Holder subject to taxation in the United
States, shall not be less than 100% of the Fair Market Value of a Share on the date the Option or Stock Appreciation Right, as
applicable, is granted (or, as to Incentive Stock Options, on the date the Option is modified, extended or renewed for purposes
of Section 424(h) of the Code). In addition, in the case of Incentive Stock Options granted to a Greater Than 10% Stockholder,
such price shall not be less than 110% of the Fair Market Value of a Share on the date the Option is granted (or the date the Option
is modified, extended or renewed for purposes of Section 424(h) of the Code). Notwithstanding the foregoing, in the case of an
Option or Stock Appreciation Right that is a Substitute Award, the exercise price per share of the Shares subject to such Option
or Stock Appreciation Right, as applicable, may be less than the Fair Market Value per share on the date of grant for the applicable
Holder (whether or not such Holder is subject to taxation in the United States); provided that the exercise price of any
Substitute Award shall be determined in accordance with the applicable requirements of Section 424 of the Code and Section 409A.

 

5.4        
Option and SAR Term. The term of each Option (the “Option Term”) and the term of each Stock Appreciation
Right (the “SAR Term”) shall be set by the Administrator in its sole discretion; provided, however,
that the Option Term or SAR Term, as applicable, shall not be more than (a) ten (10) years from the date the Option or Stock Appreciation
Right, as applicable, is granted to an Eligible Individual (other than, in the case of Incentive Stock Options, a Greater Than
10% Stockholder), or (b) five (5) years from the date an Incentive Stock Option is granted to a Greater Than 10% Stockholder. Except
as limited by the requirements of Section 409A or Section 422 of the Code and regulations and rulings thereunder or the first sentence
of this Section 5.4 and without limiting the Company’s rights under Section 10.7, the Administrator may extend the Option
Term of any outstanding Option or the SAR Term of any outstanding Stock Appreciation Right, and may extend the time period during
which vested Options or Stock Appreciation Rights may be exercised, in connection with any Termination of Service of the Holder
or otherwise, and may amend, subject to Section 10.7 and 12.1, any other term or condition of such Option or Stock Appreciation
Right relating to such Termination of Service of the Holder or otherwise.

 

5.5        
Option and SAR Vesting. The period during which the right to exercise, in whole or in part, an Option or Stock Appreciation
Right vests in the Holder shall be set by the Administrator and set forth in the applicable Award Agreement. Notwithstanding the
foregoing and unless determined otherwise by the Administrator, in the event that on the last business day of the term of an Option
or Stock Appreciation Right (other than an Incentive Stock Option) (a) the exercise of the Option or Stock Appreciation Right is
prohibited by Applicable Law, as determined by the Administrator, or (b) Shares may not be purchased or sold by the applicable
Holder due to any Company insider trading policy (including blackout periods) or a “lock-up” agreement undertaken in
connection with an issuance of securities by the Company, then in either case the term of the Option or Stock Appreciation Right
shall be extended until the date that is thirty (30) days after the end of the legal prohibition, black-out period or lock-up agreement,
as determined by the Administrator; provided, however, in no event shall the extension last beyond the term of the
applicable Option or Stock Appreciation Right. Unless otherwise determined by the Administrator in the Award Agreement, the applicable
Program or by action of the Administrator following the grant of the Option or Stock Appreciation Right, (a) no portion of an Option
or Stock Appreciation Right which is unexercisable at a Holder’s Termination of Service shall thereafter become exercisable
and (b) the portion of an Option or Stock Appreciation Right that is exercisable at a Holder’s Termination of Service shall
automatically expire thirty (30) days following such Termination of Service.

 

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5.6        
Substitution of Stock Appreciation Rights; Early Exercise of Options. The Administrator may provide in the applicable
Program or Award Agreement evidencing the grant of an Option that the Administrator, in its sole discretion, shall have the right
to substitute a Stock Appreciation Right for such Option at any time prior to or upon exercise of such Option; provided
that such Stock Appreciation Right shall be exercisable with respect to the same number of Shares for which such substituted Option
would have been exercisable, and shall also have the same exercise price, vesting schedule and remaining term as the substituted
Option. The Administrator may provide in the terms of an Award Agreement that the Holder may exercise an Option in whole or in
part prior to the full vesting of the Option in exchange for unvested shares of Restricted Stock with respect to any unvested portion
of the Option so exercised. Shares of Restricted Stock acquired upon the exercise of any unvested portion of an Option shall be
subject to such terms and conditions as the Administrator shall determine.

 

ARTICLE 6

EXERCISE OF OPTIONS AND STOCK APPRECIATION RIGHTS

 

6.1        
Exercise and Payment. An exercisable Option or Stock Appreciation Right may be exercised in whole or in part. However,
unless the Administrator otherwise determines, an Option or Stock Appreciation Right shall not be exercisable with respect to fractional
Shares and the Administrator may require that, by the terms of the Option or Stock Appreciation Right, a partial exercise must
be with respect to a minimum number of Shares. Payment of the amounts payable with respect to Options and Stock Appreciation Rights
pursuant to this Article 6 shall be in cash, Shares (based on its Fair Market Value as of the date the Stock Appreciation Right
is exercised), or a combination of both, as determined by the Administrator.

 

6.2        
Manner of Exercise. Except as set forth in Section 6.3, all or a portion of an exercisable Option or Stock Appreciation
Right shall be deemed exercised upon delivery of all of the following to the Secretary of the Company, the stock plan administrator
of the Company or such other person designated by the Administrator, or his, her or its office, as applicable:

 

		(a)	A written or electronic notice complying with the applicable rules established by the Administrator
stating that the Option or Stock Appreciation Right, or a portion thereof, is exercised. The notice shall be signed or otherwise
acknowledged electronically by the Holder or other person then entitled to exercise the Option or Stock Appreciation Right or such
portion thereof;

 

		(b)	Such representations and documents as the Administrator, in its sole discretion, deems necessary
or advisable to effect compliance with Applicable Law;

 

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		(c)	In the event that the Option shall be exercised pursuant to Section 10.3 by any person or persons
other than the Holder, appropriate proof of the right of such person or persons to exercise the Option or Stock Appreciation Right,
as determined in the sole discretion of the Administrator; and

 

		(d)	Full payment of the exercise price and applicable withholding taxes for the Shares with respect
to which the Option or Stock Appreciation Right, or portion thereof, is exercised, in a manner permitted by the Administrator in
accordance with Sections 10.1 and 10.2.

 

6.3        
Expiration of Option Term or SAR Term: Automatic Exercise of In-The-Money Options and Stock Appreciation Rights.
Unless otherwise provided by the Administrator in an Award Agreement or otherwise or as otherwise directed by an Option or Stock
Appreciation Rights Holder in writing to the Company, each vested and exercisable Option and Stock Appreciation Right outstanding
on the Automatic Exercise Date with an exercise price per Share that is less than the Fair Market Value per Share as of such date
shall automatically and without further action by the Option or Stock Appreciation Rights Holder or the Company be exercised on
the Automatic Exercise Date. In the sole discretion of the Administrator, payment of the exercise price of any such Option shall
be made pursuant to Section 10.1(b) or 10.1(c) and the Company or any Subsidiary shall be entitled to deduct or withhold an amount
sufficient to satisfy all taxes associated with such exercise in accordance with Section 10.2. Unless otherwise determined by the
Administrator, this Section 6.3 shall not apply to an Option or Stock Appreciation Right if the Holder of such Option or Stock
Appreciation Right incurs a Termination of Service on or before the Automatic Exercise Date. For the avoidance of doubt, no Option
or Stock Appreciation Right with an exercise price per Share that is equal to or greater than the Fair Market Value per Share on
the Automatic Exercise Date shall be exercised pursuant to this Section 6.3.

 

6.4        
Notification Regarding Disposition. The Holder shall give the Company prompt written or electronic notice of any
disposition or other transfer of Shares acquired by exercise of an Incentive Stock Option which occurs within (a) two years from
the date of granting (including the date the Option is modified, extended or renewed for purposes of Section 424(h) of the Code)
such Option to such Holder, or (b) one year after the date of transfer of such Shares to such Holder. Such notice shall specify
the date of such disposition or other transfer and the amount realized, in cash, other property, assumption of indebtedness or
other consideration, by the Holder in such disposition or other transfer.

 

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ARTICLE 7

AWARD OF RESTRICTED STOCK

 

7.1        
Award of Restricted Stock. The Administrator is authorized to grant Restricted Stock, or the right to purchase Restricted
Stock to Eligible Individuals, and shall determine the terms and conditions, including the restrictions applicable to each award
of Restricted Stock, which terms and conditions shall not be inconsistent with the Plan or any applicable Program, and may impose
such conditions on the issuance of such Restricted Stock as it deems appropriate. The Administrator shall establish the purchase
price, if any, and form of payment for Restricted Stock; provided, however, that if a purchase price is charged,
such purchase price shall be no less than the par value, if any, of the Shares to be purchased, unless otherwise permitted by Applicable
Law. In all cases, legal consideration shall be required for each issuance of Restricted Stock to the extent required by Applicable
Law.

 

7.2       
Rights as Stockholders. Subject to Section 7.4, upon issuance of Restricted Stock, the Holder shall have, unless
otherwise provided by the Administrator, all of the rights of a stockholder with respect to said Shares, subject to the restrictions
in the Plan, any applicable Program and/or the applicable Award Agreement, including the right to vote and the right to receive
all dividends and other distributions paid or made with respect to the Shares to the extent such dividends and other distributions
have a record date that is on or after the date on which the Holder to whom such Shares are granted becomes the record holder of
such Restricted Stock; provided, however, that, in the sole discretion of the Administrator, any extraordinary distributions
with respect to the Shares may be subject to the restrictions set forth in Section 7.3. In addition, notwithstanding anything to
the contrary herein, with respect to a share of Restricted Stock, dividends which are paid prior to vesting shall accrue or be
reinvested, at the Administrator’s sole discretion, and shall only be paid out to the Holder to the extent and at such time
that the share of Restricted Stock vests.

 

7.3        
Restrictions. All shares of Restricted Stock (including any shares received by Holders thereof with respect to shares
of Restricted Stock as a result of stock dividends, stock splits or any other form of recapitalization) shall be subject to such
restrictions and vesting requirements as the Administrator shall provide in the applicable Program or Award Agreement. By action
taken after the Restricted Stock is issued, the Administrator may, on such terms and conditions as it may determine to be appropriate,
accelerate the vesting of such Restricted Stock by removing any or all of the restrictions imposed by the terms of the applicable
Program or Award Agreement.

 

7.4        
Repurchase or Forfeiture of Restricted Stock. Except as otherwise determined by the Administrator, if no price was
paid by the Holder for the Restricted Stock, upon a Termination of Service during the applicable restriction period, the Holder’s
rights in unvested Restricted Stock then subject to restrictions shall lapse, and such Restricted Stock shall be surrendered to
the Company and cancelled without consideration on the date of such Termination of Service. If a price was paid by the Holder for
the Restricted Stock, upon a Termination of Service during the applicable restriction period, the Company shall have the right
to repurchase from the Holder the unvested Restricted Stock then subject to restrictions at a cash price per share equal to the
price paid by the Holder for such Restricted Stock or such other amount as may be specified in the applicable Program or Award
Agreement. Notwithstanding the foregoing, the Administrator, in its sole discretion, may provide that upon certain events, including,
without limitation, the Holder’s death, retirement or disability or any other specified Termination of Service or any other
event, the Holder’s rights in unvested Restricted Stock then subject to restrictions shall not lapse, such Restricted Stock
shall vest and cease to be forfeitable and, if applicable, the Company shall cease to have a right of repurchase.

 

7.5        
Section 83(b) Election. If a Holder makes an election under Section 83(b) of the Code to be taxed with respect to
the Restricted Stock as of the date of transfer of the Restricted Stock rather than as of the date or dates upon which the Holder
would otherwise be taxable under Section 83(a) of the Code, the Holder shall be required to deliver a copy of such election to
the Company promptly after filing such election with the Internal Revenue Service along with proof of the timely filing thereof
with the Internal Revenue Service.

 

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ARTICLE 8

AWARD OF RESTRICTED STOCK UNITS

 

8.1        
Grant of Restricted Stock Units. The Administrator is authorized to grant Awards of Restricted Stock Units to any
Eligible Individual selected by the Administrator in such amounts and subject to such terms and conditions as determined by the
Administrator. A Holder will have no rights of a stockholder with respect to Shares subject to any Restricted Stock Unit unless
and until the Shares are delivered in settlement of the Restricted Stock Unit.

 

8.2        
Vesting of Restricted Stock Units. At the time of grant, the Administrator shall specify the date or dates on which
the Restricted Stock Units shall become fully vested and nonforfeitable, and may specify such conditions to vesting as it deems
appropriate.

 

8.3        
Maturity and Payment. At the time of grant, the Administrator shall specify the maturity date applicable to each
grant of Restricted Stock Units, which shall be no earlier than the vesting date or dates of the Award and may be determined at
the election of the Holder (if permitted by the applicable Award Agreement); provided that, except as otherwise determined
by the Administrator, and subject to compliance with Section 409A, in no event shall the maturity date relating to each Restricted
Stock Unit occur following the later of (a) the 15th day of the third month following the end of the calendar year in which the
applicable portion of the Restricted Stock Unit vests; and (b) the 15th day of the third month following the end of the Company’s
fiscal year in which the applicable portion of the Restricted Stock Unit vests. On the maturity date, the Company shall, in accordance
with the applicable Award Agreement and subject to Section 10.4(f), transfer to the Holder one unrestricted, fully transferable
Share for each Restricted Stock Unit scheduled to be paid out on such date and not previously forfeited, or in the sole discretion
of the Administrator, an amount in cash equal to the Fair Market Value of such Shares on the maturity date or a combination of
cash and Common Stock as determined by the Administrator.

 

8.4        
Payment upon Termination of Service. An Award of Restricted Stock Units shall be payable only while the Holder is
an Employee, a Consultant or a member of the Board, as applicable; provided, however, that the Administrator, in
its sole discretion, may provide (in an Award Agreement or otherwise) that a Restricted Stock Unit award may be paid subsequent
to a Termination of Service in certain events, including a Change in Control, the Holder’s death, retirement or disability
or any other specified Termination of Service.

 

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ARTICLE 9

AWARD OF OTHER STOCK OR CASH BASED AWARDS AND DIVIDEND EQUIVALENTS

 

9.1        
Other Stock or Cash Based Awards. The Administrator is authorized to grant Other Stock or Cash Based Awards, including
awards entitling a Holder to receive Shares or cash to be delivered immediately or in the future, to any Eligible Individual. Subject
to the provisions of the Plan and any applicable Program, the Administrator shall determine the terms and conditions of each Other
Stock or Cash Based Award, including the term of the Award, any exercise or purchase price, performance goals, transfer restrictions,
vesting conditions and other terms and conditions applicable thereto, which shall be set forth in the applicable Award Agreement.
Other Stock or Cash Based Awards may be paid in cash, Shares, or a combination of cash and Shares, as determined by the Administrator,
and may be available as a form of payment in the settlement of other Awards granted under the Plan, as stand-alone payments, as
a part of a bonus, deferred bonus, deferred compensation or other arrangement, and/or as payment in lieu of compensation to which
an Eligible Individual is otherwise entitled.

 

9.2        
Dividend Equivalents. Dividend Equivalents may be granted by the Administrator, either alone or in tandem with another
Award, based on dividends declared on the Common Stock, to be credited as of dividend payment dates during the period between the
date the Dividend Equivalents are granted to a Holder and the date such Dividend Equivalents terminate or expire, as determined
by the Administrator. Such Dividend Equivalents shall be converted to cash or additional Shares by such formula and at such time
and subject to such restrictions and limitations as may be determined by the Administrator. In addition, Dividend Equivalents with
respect to an Award that are based on dividends paid prior to the vesting of such Award shall only be paid out to the Holder to
the extent and at such time that the vesting conditions are subsequently satisfied and the Award vests. Notwithstanding the foregoing,
no Dividend Equivalents shall be payable with respect to Options or Stock Appreciation Rights.

 

ARTICLE 10

ADDITIONAL TERMS OF AWARDS

 

10.1      
Payment. The Administrator shall determine the method or methods by which payments by any Holder with respect to
any Awards granted under the Plan shall be made, including, without limitation: (a) cash, wire transfer of immediately available
funds or check, (b) Shares, including, without limitation, (i) in the case of payment of the exercise price of an Award, Shares
issuable pursuant to the exercise of the Award or (ii) Shares held for such minimum period of time as may be established by the
Administrator, in each case having a Fair Market Value on the date of delivery equal to the aggregate payments required, (c) delivery
of a written or electronic notice that the Holder has placed a market sell order with a broker acceptable to the Company with respect
to Shares then issuable upon exercise or vesting of an Award, and that the broker has been directed to pay a sufficient portion
of the net proceeds of the sale to the Company in satisfaction of the aggregate payments required; provided that payment
of such proceeds is then made to the Company upon settlement of such sale, (d) other form of legal consideration acceptable to
the Administrator in its sole discretion, or (e) any combination of the above permitted forms of payment. Notwithstanding any other
provision of the Plan to the contrary, no Holder who is a Director or an “executive officer” of the Company within
the meaning of Section 13(k) of the Exchange Act shall be permitted to make payment with respect to any Awards granted under the
Plan, or continue any extension of credit with respect to such payment, with a loan from the Company or a loan arranged by the
Company in violation of Section 13(k) of the Exchange Act.

 

10.2      
Tax Withholding. The Company or any Subsidiary shall have the authority and the right to deduct or withhold, or require
a Holder to remit to the Company, an amount sufficient to satisfy federal, state, local and foreign taxes (including the Holder’s
FICA, employment tax or other social security contribution obligation) required by law to be withheld with respect to any taxable
event concerning a Holder arising as a result of the Plan or any Award. The Administrator may, in its sole discretion and in satisfaction
of the foregoing requirement, or in satisfaction of such additional withholding obligations as a Holder may have elected, allow
a Holder to satisfy such obligations by any payment means described in Section 10.1 hereof, including without limitation, by allowing
such Holder to elect to have the Company or any Subsidiary withhold Shares otherwise issuable under an Award (or allow the surrender
of Shares). The number of Shares that may be so withheld or surrendered shall be limited to the number of Shares that have a fair
market value on the date of withholding or repurchase no greater than the aggregate amount of such liabilities based on the maximum
statutory withholding rates in such Holder’s applicable jurisdiction for federal, state, local and foreign income tax and
payroll tax purposes that are applicable to such taxable income. The Administrator shall determine the fair market value of the
Shares, consistent with applicable provisions of the Code, for tax withholding obligations due in connection with a broker-assisted
cashless Option or Stock Appreciation Right exercise involving the sale of Shares to pay the Option or Stock Appreciation Right
exercise price or any tax withholding obligation.

 

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10.3      
Transferability of Awards.

 

		(a)	Except as otherwise provided in Sections 10.3(b) and 10.3(c):

 

		(i)	No Award under the Plan may be sold, pledged, assigned or transferred in any manner other than
(A) by will or the laws of descent and distribution or (B) subject to the consent of the Administrator, pursuant to a DRO, unless
and until such Award has been exercised or the Shares underlying such Award have been issued, and all restrictions applicable to
such Shares have lapsed;

 

		(ii)	No Award or interest or right therein shall be liable for or otherwise subject to the debts, contracts
or engagements of the Holder or the Holder’s successors in interest or shall be subject to disposition by transfer, alienation,
anticipation, pledge, hypothecation, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary
or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy)
unless and until such Award has been exercised, or the Shares underlying such Award have been issued, and all restrictions applicable
to such Shares have lapsed, and any attempted disposition of an Award prior to satisfaction of these conditions shall be null and
void and of no effect, except to the extent that such disposition is permitted by Section 10.3(a)(i); and

 

		(iii)	During the lifetime of the Holder, only the Holder may exercise any exercisable portion of an Award
granted to such Holder under the Plan, unless it has been disposed of pursuant to a DRO. After the death of the Holder, any exercisable
portion of an Award may, prior to the time when such portion becomes unexercisable under the Plan or the applicable Program or
Award Agreement, be exercised by the Holder’s personal representative or by any person empowered to do so under the deceased
Holder’s will or under the then-applicable laws of descent and distribution.

 

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		(b)	Notwithstanding Section 10.3(a), the Administrator, in its sole discretion, may determine to permit
a Holder or a Permitted Transferee of such Holder to transfer an Award other than an Incentive Stock Option (unless such Incentive
Stock Option is intended to become a Non-Qualified Stock Option) to any one or more Permitted Transferees of such Holder, subject
to the following terms and conditions: (i) an Award transferred to a Permitted Transferee shall not be assignable or transferable
by the Permitted Transferee other than (A) to another Permitted Transferee of the applicable Holder or (B) by will or the laws
of descent and distribution or, subject to the consent of the Administrator, pursuant to a DRO; (ii) an Award transferred to a
Permitted Transferee shall continue to be subject to all the terms and conditions of the Award as applicable to the original Holder
(other than the ability to further transfer the Award to any person other than another Permitted Transferee of the applicable Holder);
(iii) the Holder (or transferring Permitted Transferee) and the receiving Permitted Transferee shall execute any and all documents
requested by the Administrator, including, without limitation documents to (A) confirm the status of the transferee as a Permitted
Transferee, (B) satisfy any requirements for an exemption for the transfer under Applicable Law and (C) evidence the transfer;
and (iv) the transfer of an Award to a Permitted Transferee shall be without consideration. In addition, and further notwithstanding
Section 10.3(a), hereof, the Administrator, in its sole discretion, may determine to permit a Holder to transfer Incentive Stock
Options to a trust that constitutes a Permitted Transferee if, under Section 671 of the Code and other Applicable Law, the Holder
is considered the sole beneficial owner of the Incentive Stock Option while it is held in the trust.

 

		(c)	Notwithstanding Section 10.3(a), a Holder may, in the manner determined by the Administrator, designate
a beneficiary to exercise the rights of the Holder and to receive any distribution with respect to any Award upon the Holder’s
death. A beneficiary, legal guardian, legal representative, or other person claiming any rights pursuant to the Plan is subject
to all terms and conditions of the Plan and any Program or Award Agreement applicable to the Holder and any additional restrictions
deemed necessary or appropriate by the Administrator. If the Holder is married or a domestic partner in a domestic partnership
qualified under Applicable Law and resides in a community property state, a designation of a person other than the Holder’s
spouse or domestic partner, as applicable, as the Holder’s beneficiary with respect to more than 50% of the Holder’s
interest in the Award shall not be effective without the prior written or electronic consent of the Holder’s spouse or domestic
partner. If no beneficiary has been designated or survives the Holder, payment shall be made to the person entitled thereto pursuant
to the Holder’s will or the laws of descent and distribution. Subject to the foregoing, a beneficiary designation may be
changed or revoked by a Holder at any time; provided that the change or revocation is delivered in writing to the Administrator
prior to the Holder’s death.

 

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10.4      
Conditions to Issuance of Shares.

 

		(a)	The Administrator shall determine the methods by which Shares shall be delivered or deemed to be
delivered to Holders. Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any
certificates or make any book entries evidencing Shares pursuant to the exercise of any Award, unless and until the Administrator
has determined that the issuance of such Shares is in compliance with Applicable Law and the Shares are covered by an effective
registration statement or applicable exemption from registration. In addition to the terms and conditions provided herein, the
Administrator may require that a Holder make such reasonable covenants, agreements and representations as the Administrator, in
its sole discretion, deems advisable in order to comply with Applicable Law.

 

		(b)	All share certificates delivered pursuant to the Plan and all Shares issued pursuant to book entry
procedures are subject to any stop-transfer orders and other restrictions as the Administrator deems necessary or advisable to
comply with Applicable Law. The Administrator may place legends on any stock certificate or book entry to reference restrictions
applicable to the Shares (including, without limitation, restrictions applicable to Restricted Stock).

 

		(c)	The Administrator shall have the right to require any Holder to comply with any timing or other
restrictions with respect to the settlement, distribution or exercise of any Award, including a window-period limitation, as may
be imposed in the sole discretion of the Administrator.

 

		(d)	Unless the Administrator otherwise determines, no fractional Shares shall be issued and the Administrator,
in its sole discretion, shall determine whether cash shall be given in lieu of fractional Shares or whether such fractional Shares
shall be eliminated by rounding down.

 

		(e)	The Company, in its sole discretion, may (i) retain physical possession of any stock certificate
evidencing Shares until any restrictions thereon shall have lapsed and/or (ii) require that the stock certificates evidencing such
Shares be held in custody by a designated escrow agent (which may but need not be the Company) until the restrictions thereon shall
have lapsed, and that the Holder deliver a stock power, endorsed in blank, relating to such Shares.

 

		(f)	Notwithstanding any other provision of the Plan, unless otherwise determined by the Administrator
or required by Applicable Law, the Company shall not deliver to any Holder certificates evidencing Shares issued in connection
with any Award and instead such Shares shall be recorded in the books of the Company (or, as applicable, its transfer agent or
stock plan administrator).

 

10.5      
Forfeiture and Claw-Back Provisions. All Awards (including any proceeds, gains or other economic benefit actually
or constructively received by a Holder upon any receipt or exercise of any Award or upon the receipt or resale of any Shares underlying
the Award and any payments of a portion of an incentive-based bonus pool allocated to a Holder) shall be subject to the provisions
of any claw-back policy implemented by the Company, including, without limitation, any claw-back policy adopted to comply with
the requirements of Applicable Law, including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act
and any rules or regulations promulgated thereunder, whether or not such claw-back policy was in place at the time of grant of
an Award, to the extent set forth in such claw-back policy and/or in the applicable Award Agreement.

 

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10.6     
Repricing. Subject to Section 12.2, the Administrator shall not, without the approval of the stockholders of the
Company, (a) authorize the amendment of any outstanding Option or Stock Appreciation Right to reduce its price per Share, or (b)
cancel any Option or Stock Appreciation Right in exchange for cash or another Award when the Option or Stock Appreciation Right
price per Share exceeds the Fair Market Value of the underlying Shares.

 

10.7      
Amendment of Awards. Subject to Applicable Law, the Administrator may amend, modify or terminate any outstanding
Award, including but not limited to, substituting therefor another Award of the same or a different type, changing the date of
exercise or settlement, and converting an Incentive Stock Option to a Non-Qualified Stock Option. The Holder’s consent to
such action shall be required unless (a) the Administrator determines that the action, taking into account any related action,
would not materially and adversely affect the Holder, or (b) the change is otherwise permitted under the Plan (including, without
limitation, under Sections 10.6, 12.2 or 12.10).

 

10.8      
Lock-Up Period. The Company may, in connection with registering the offering of any Company securities under the
Securities Act, prohibit Holders from, directly or indirectly, selling or otherwise transferring any Shares or other Company securities
during any period determined by the underwriter or the Company. In order to enforce the foregoing, the Company shall have the right
to place restrictive legends on the certificates of any securities of the Company held by the Holder and to impose stop transfer
instructions with the Company’s transfer agent with respect to any securities of the Company held by the Holder until the
end of such period.

 

10.9     
Data Privacy. As a condition of receipt of any Award, each Holder explicitly and unambiguously consents to the collection,
use and transfer, in electronic or other form, of personal data as described in this Section 10.9 by and among, as applicable,
the Company and its Subsidiaries for the exclusive purpose of implementing, administering and managing the Holder’s participation
in the Plan. The Company and its Subsidiaries may hold certain personal information about a Holder, including but not limited to,
the Holder’s name, home address and telephone number, date of birth, social security or insurance number or other identification
number, salary, nationality, job title(s), any shares of stock held in the Company or any of its Subsidiaries and details of all
Awards, in each case, for the purpose of implementing, managing and administering the Plan and Awards (the “Data”).
The Company and its Subsidiaries may transfer the Data amongst themselves as necessary for the purpose of implementation, administration
and management of a Holder’s participation in the Plan, and the Company and its Subsidiaries may each further transfer the
Data to any third parties assisting the Company and its Subsidiaries in the implementation, administration and management of the
Plan. These recipients may be located in the Holder’s country, or elsewhere, and the Holder’s country may have different
data privacy laws and protections than the recipients’ country. Through acceptance of an Award, each Holder authorizes such
recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing,
administering and managing the Holder’s participation in the Plan, including any requisite transfer of such Data as may be
required to a broker or other third party with whom the Company or any of its Subsidiaries or the Holder may elect to deposit any
Shares. The Data related to a Holder will be held only as long as is necessary to implement, administer, and manage the Holder’s
participation in the Plan. A Holder may, at any time, view the Data held by the Company with respect to such Holder, request additional
information about the storage and processing of the Data with respect to such Holder, recommend any necessary corrections to the
Data with respect to the Holder or refuse or withdraw the consents herein in writing, in any case without cost, by contacting his
or her local human resources representative. The Company may cancel the Holder’s ability to participate in the Plan and,
in the Administrator’s discretion, the Holder may forfeit any outstanding Awards if the Holder refuses or withdraws his or
her consents as described herein. For more information on the consequences of refusal to consent or withdrawal of consent, Holders
may contact their local human resources representative.

 

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ARTICLE 11

ADMINISTRATION

 

11.1      
Administrator. The Committee shall administer the Plan (except as otherwise permitted herein). To the extent necessary
to comply with Rule 16b-3 of the Exchange Act, the Committee shall take all action with respect to such Awards, and the individuals
taking such action shall consist solely of two or more Non-Employee Directors, each of whom is intended to qualify as a “non-employee
director” as defined by Rule 16b-3 of the Exchange Act or any successor rule. Additionally, to the extent required by Applicable
Law, each of the individuals constituting the Committee shall be an “independent director” under the rules of any securities
exchange or automated quotation system on which the Shares are listed, quoted or traded. Notwithstanding the foregoing, any action
taken by the Committee shall be valid and effective, whether or not members of the Committee at the time of such action are later
determined not to have satisfied the requirements for membership set forth in this Section 11.1 or the Organizational Documents.
Except as may otherwise be provided in the Organizational Documents or as otherwise required by Applicable Law, (a) appointment
of Committee members shall be effective upon acceptance of appointment, (b) Committee members may resign at any time by delivering
written or electronic notice to the Board and (c) vacancies in the Committee may only be filled by the Board. Notwithstanding the
foregoing, (i) the full Board, acting by a majority of its members in office, shall conduct the general administration of the Plan
with respect to Awards granted to Non-Employee Directors and, with respect to such Awards, the term “Administrator”
as used in the Plan shall be deemed to refer to the Board and (ii) the Board or Committee may delegate its authority hereunder
to the extent permitted by Section 11.6.

 

11.2      
Duties and Powers of Administrator. It shall be the duty of the Administrator to conduct the general administration
of the Plan in accordance with its provisions. The Administrator shall have the power to interpret the Plan, all Programs and Award
Agreements, and to adopt such rules for the administration, interpretation and application of the Plan and any Program as are not
inconsistent with the Plan, to interpret, amend or revoke any such rules and to amend the Plan or any Program or Award Agreement;
provided that the rights or obligations of the Holder of the Award that is the subject of any such Program or Award Agreement
are not materially and adversely affected by such amendment, unless the consent of the Holder is obtained or such amendment is
otherwise permitted under Section 10.7 or Section 12.10. In its sole discretion, the Board may at any time and from time to time
exercise any and all rights and duties of the Committee in its capacity as the Administrator under the Plan except with respect
to matters which under Rule 16b-3 under the Exchange Act or any successor rule, or any regulations or rules issued thereunder,
or the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or traded are required
to be determined in the sole discretion of the Committee.

 

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11.3      
Action by the Administrator. Unless otherwise established by the Board, set forth in any Organizational Documents
or as required by Applicable Law, a majority of the Administrator shall constitute a quorum and the acts of a majority of the members
present at any meeting at which a quorum is present, and acts approved in writing by all members of the Administrator in lieu of
a meeting, shall be deemed the acts of the Administrator. Each member of the Administrator is entitled to, in good faith, rely
or act upon any report or other information furnished to that member by any officer or other employee of the Company or any Subsidiary,
the Company’s independent certified public accountants, or any executive compensation consultant or other professional retained
by the Company to assist in the administration of the Plan. Neither the Administrator nor any member or delegate thereof shall
have any liability to any person (including any Holder) for any action taken or omitted to be taken or any determination made in
good faith with respect to the Plan or any Award.

 

11.4      
Authority of Administrator. Subject to the Organizational Documents, any specific designation in the Plan and Applicable
Law, the Administrator has the exclusive power, authority and sole discretion to:

 

		(a)	Designate Eligible Individuals to receive Awards;

 

		(b)	Determine the type or types of Awards to be granted to each Eligible Individual (including, without
limitation, any Awards granted in tandem with another Award granted pursuant to the Plan);

 

		(c)	Determine the number of Awards to be granted and the number of Shares to which an Award will relate;

 

		(d)	Determine the terms and conditions of any Award granted pursuant to the Plan, including, but not
limited to, the exercise price, grant price, purchase price, any performance criteria, any restrictions or limitations on the Award,
any schedule for vesting, lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and accelerations
or waivers thereof, and any provisions related to non-competition and claw-back and recapture of gain on an Award, based in each
case on such considerations as the Administrator in its sole discretion determines;

 

		(e)	Determine whether, to what extent, and under what circumstances an Award may be settled in, or
the exercise price of an Award may be paid in cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited,
or surrendered;

 

		(f)	Prescribe the form of each Award Agreement, which need not be identical for each Holder;

 

		(g)	Decide all other matters that must be determined in connection with an Award;

 

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		(h)	Establish, adopt, or revise any Programs, rules and regulations as it may deem necessary or advisable
to administer the Plan;

 

		(i)	Interpret the terms of, and any matter arising pursuant to, the Plan, any Program or any Award
Agreement;

 

		(j)	Make all other decisions and determinations that may be required pursuant to the Plan or as the
Administrator deems necessary or advisable to administer the Plan; and

 

		(k)	Accelerate wholly or partially the vesting or lapse of restrictions of any Award or portion thereof
at any time after the grant of an Award, subject to whatever terms and conditions it selects and Section 12.2.

 

11.5      
Decisions Binding. The Administrator’s interpretation of the Plan, any Awards granted pursuant to the Plan,
any Program or any Award Agreement and all decisions and determinations by the Administrator with respect to the Plan are final,
binding and conclusive on all persons.

 

11.6      
Delegation of Authority. The Board or Committee may from time to time delegate to a committee of one or more members
of the Board or one or more officers of the Company the authority to grant or amend Awards or to take other administrative actions
pursuant to this Article 11; provided, however, that in no event shall an officer of the Company be delegated the
authority to grant Awards to, or amend Awards held by, the following individuals: (a) individuals who are subject to Section 16
of the Exchange Act, or (b) officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated
hereunder; provided, further, that any delegation of administrative authority shall only be permitted to the extent
it is permissible under any Organizational Documents and Applicable Law. Any delegation hereunder shall be subject to the restrictions
and limits that the Board or Committee specifies at the time of such delegation or that are otherwise included in the applicable
Organizational Documents, and the Board or Committee, as applicable, may at any time rescind the authority so delegated or appoint
a new delegatee. At all times, the delegatee appointed under this Section 11.6 shall serve in such capacity at the pleasure of
the Board or the Committee, as applicable, and the Board or the Committee may abolish any committee at any time and re-vest in
itself any previously delegated authority.

 

ARTICLE 12

MISCELLANEOUS PROVISIONS

 

12.1      
Amendment, Suspension or Termination of the Plan.

 

		(a)	Except as otherwise provided in Section 12.1(b), the Plan may be wholly or partially amended or
otherwise modified, suspended or terminated at any time or from time to time by the Board; provided that, except as provided
in Section 10.7 and Section 12.10, no amendment, suspension or termination of the Plan shall, without the consent of the Holder,
materially and adversely affect any rights or obligations under any Award theretofore granted or awarded, unless the Award itself
otherwise expressly so provides.

 

		(b)	Notwithstanding Section 12.1(a), the Board may not, except as provided in Section 12.2, take any
of the following actions without approval of the Company’s stockholders given within twelve (12) months before or after such
action: (i) increase the limit imposed in Section 3.1 on the maximum number of Shares which may be issued under the Plan, (ii)
reduce the price per share of any outstanding Option or Stock Appreciation Right granted under the Plan or take any action prohibited
under Section 10.6, or (iii) cancel any Option or Stock Appreciation Right in exchange for cash or another Award in violation of
Section 10.6.

 

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		(c)	No Awards may be granted or awarded during any period of suspension or after termination of the
Plan, and notwithstanding anything herein to the contrary, in no event may any Award be granted under the Plan after the tenth
(10th) anniversary of the earlier of (i) the date on which the Plan was adopted by the Board or (ii) the date the Plan was approved
by the Company’s stockholders (such anniversary, the “Expiration Date”). Any Awards that are outstanding
on the Expiration Date shall remain in force according to the terms of the Plan, the applicable Program and the applicable Award
Agreement.

 

12.2      
Changes in Common Stock or Assets of the Company, Acquisition or Liquidation of the Company and Other Corporate Events.

 

		(a)	In the event of any stock dividend, stock split, combination or exchange of shares, merger, consolidation
or other distribution (other than normal cash dividends) of Company assets to stockholders, or any other change affecting the shares
of the Company’s stock or the share price of the Company’s stock other than an Equity Restructuring, the Administrator
may make equitable adjustments, if any, to reflect such change with respect to: (i) the aggregate number and kind of Shares that
may be issued under the Plan (including, but not limited to, adjustments of the limitations in Section 3.1 on the maximum number
and kind of Shares which may be issued under the Plan); (ii) the number and kind of Shares (or other securities or property) subject
to outstanding Awards; (iii) the terms and conditions of any outstanding Awards (including, without limitation, any applicable
performance targets or criteria with respect thereto); and (iv) the grant or exercise price per share for any outstanding Awards
under the Plan.

 

		(b)	In the event of any transaction or event described in Section 12.2(a), including, without limitation,
a Change in Control, or any unusual or nonrecurring transactions or events affecting the Company, any Subsidiary of the Company,
or the financial statements of the Company or any Subsidiary, or of changes in Applicable Law or Applicable Accounting Standards,
the Administrator, in its sole discretion, and on such terms and conditions as it deems appropriate, either by the terms of the
Award or by action taken prior to the occurrence of such transaction or event, is hereby authorized to take any one or more of
the following actions whenever the Administrator determines that such action is appropriate in order to prevent dilution or enlargement
of the benefits or potential benefits intended to be made available under the Plan or with respect to any Award under the Plan,
to facilitate such transactions or events or to give effect to such changes in Applicable Law or Applicable Accounting Standards:

 

		(i)	To provide for the termination of any such Award in exchange for an amount of cash and/or other
property with a value equal to the amount that would have been attained upon the exercise of such Award or realization of the Holder’s
rights (and, for the avoidance of doubt, if as of the date of the occurrence of the transaction or event described in this Section
12.2 the Administrator determines in good faith that no amount would have been attained upon the exercise of such Award or realization
of the Holder’s rights, then such Award may be terminated by the Company without payment);

 

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		(ii)	To provide that such Award be assumed by the successor or survivor corporation, or a parent or
subsidiary thereof, or shall be substituted for by similar options, rights or awards covering the stock of the successor or survivor
corporation, or a parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares and applicable
exercise or purchase price, in all cases, as determined by the Administrator;

 

		(iii)	To make adjustments in the number and type of Shares of the Company’s stock (or other securities
or property) subject to such Award, and/or in the terms and conditions of (including the grant or exercise price), and the criteria
included in, outstanding Awards and Awards which may be granted in the future;

 

		(iv)	To provide that such Award shall be exercisable or payable or fully vested with respect to all
Shares covered thereby, notwithstanding anything to the contrary in the Plan or the applicable Program or Award Agreement; provided,
however, that, in the event of a Change in Control, the actions contemplated by this Section 12.2(b)(iv) may only be taken
to the extent that the successor corporation in a Change in Control does not assume or substitute such Award (or any portion thereof);

 

		(v)	To replace such Award with other rights or property selected by the Administrator; and/or

 

		(vi)	To provide that the Award cannot vest, be exercised or become payable after such event.

 

		(c)	In connection with the occurrence of any Equity Restructuring, and notwithstanding anything to
the contrary in Sections 12.2(a) and 12.2(b):

 

		(i)	The number and type of securities subject to each outstanding Award and the exercise price or grant
price thereof, if applicable, shall be equitably adjusted (and the adjustments provided under this Section 12.2(c)(i) shall be
nondiscretionary and shall be final and binding on the affected Holder and the Company); and/or

 

		(ii)	The Administrator shall make such equitable adjustments, if any, as the Administrator, in its sole
discretion, may deem appropriate to reflect such Equity Restructuring with respect to the aggregate number and kind of Shares that
may be issued under the Plan (including, but not limited to, adjustments of the limitation in Section 3.1 on the maximum number
and kind of Shares which may be issued under the Plan).

 

    	 	 	25 | 29

     

    

 

		(d)	Notwithstanding any other provision of the Plan, in the event of a Change in Control, unless the
Administrator elects to (i) terminate an Award in exchange for cash, rights or property, or (ii) cause an Award to become fully
exercisable and no longer subject to any forfeiture restrictions prior to the consummation of a Change in Control, in each case
pursuant to this Section 12.2, such Award shall continue in effect or be assumed or an equivalent Award substituted by the successor
corporation or a parent or subsidiary of the successor corporation. In the event an Award continues in effect or is assumed or
an equivalent Award substituted, and a Holder incurs a Termination of Service without “cause” (as such term is defined
in the sole discretion of the Administrator, or as set forth in the Award Agreement relating to such Award) upon or within twelve
(12) months following a Change in Control, then such Holder shall be fully vested in such continued, assumed or substituted Award.

 

		(e)	Notwithstanding any other provision of the Plan, in the event of a Change in Control, in the event
that the successor corporation in a Change in Control does not assume or substitute for an Award (or any portion thereof), the
Administrator may cause (i) any or all of such Award (or portion thereof) to terminate in exchange for cash, rights or other property
pursuant to Section 12.2(b)(i) or (ii) any or all of such Award (or portion thereof) to become fully exercisable immediately prior
to the consummation of such transaction and all forfeiture restrictions on any or all of such Award to lapse. If any such Award
is exercisable in lieu of assumption or substitution in the event of a Change in Control, the Administrator shall notify the Holder
that such Award shall be fully exercisable for a period of fifteen (15) days from the date of such notice, contingent upon the
occurrence of the Change in Control, and such Award shall terminate upon the expiration of such period.

 

		(f)	For the purposes of this Section 12.2, an Award shall be considered assumed if, following the Change
in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the Change
in Control, the consideration (whether stock, cash, or other securities or property) received in the Change in Control by holders
of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration,
the type of consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that
if such consideration received in the Change in Control was not solely common stock of the successor corporation or its parent,
the Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise
of the Award, for each Share subject to an Award, to be solely common stock of the successor corporation or its parent equal in
fair market value to the per-share consideration received by holders of Common Stock in the Change in Control.

 

		(g)	The Administrator, in its sole discretion, may include such further provisions and limitations
in any Award, agreement or certificate, as it may deem equitable and in the best interests of the Company that are not inconsistent
with the provisions of the Plan.

 

		(h)	Unless otherwise determined by the Administrator, no adjustment or action described in this Section
12.2 or in any other provision of the Plan shall be authorized to the extent it would (i) cause the Plan to violate Section 422(b)(1)
of the Code, (ii) result in short-swing profits liability under Section 16 of the Exchange Act or violate the exemptive conditions
of Rule 16b-3 of the Exchange Act, or (iii) cause an Award to fail to be exempt from or comply with Section 409A.

 

    	 	 	26 | 29

     

    

 

		(i)	The existence of the Plan, any Program, any Award Agreement and/or the Awards granted hereunder
shall not affect or restrict in any way the right or power of the Company or the stockholders of the Company to make or authorize
any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, any
merger or consolidation of the Company, any issue of stock or of options, warrants or rights to purchase stock or of bonds, debentures,
preferred or prior preference stocks the rights of which are superior to or affect the Common Stock or the rights thereof or that
are convertible into or exchangeable for Common Stock, or the dissolution or liquidation of the Company, or any sale or transfer
of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

 

		(j)	In the event of any pending stock dividend, stock split, combination or exchange of shares, merger,
consolidation or other distribution (other than normal cash dividends) of Company assets to stockholders, or any other change affecting
the Shares or the share price of the Common Stock including any Equity Restructuring, for reasons of administrative convenience,
the Administrator, in its sole discretion, may refuse to permit the exercise of any Award during a period of up to thirty (30)
days prior to the consummation of any such transaction.

 

12.3      
Approval of Plan by Stockholders. The Plan shall be submitted for the approval of the Company’s stockholders
within twelve (12) months after the date of the Board’s initial adoption of the Plan.

 

12.4      
No Stockholders Rights. Except as otherwise provided herein or in an applicable Program or Award Agreement, a Holder
shall have none of the rights of a stockholder with respect to Shares covered by any Award until the Holder becomes the record
owner of such Shares.

 

12.5      
Paperless Administration. In the event that the Company establishes, for itself or using the services of a third
party, an automated system for the documentation, granting or exercise of Awards, such as a system using an internet website or
interactive voice response, then the paperless documentation, granting or exercise of Awards by a Holder may be permitted through
the use of such an automated system.

 

12.6      
Effect of Plan upon Other Compensation Plans. The adoption of the Plan shall not affect any other compensation or
incentive plans in effect for the Company or any Subsidiary. Nothing in the Plan shall be construed to limit the right of the Company
or any Subsidiary: (a) to establish any other forms of incentives or compensation for Employees, Directors or Consultants of the
Company or any Subsidiary, or (b) to grant or assume options or other rights or awards otherwise than under the Plan in connection
with any proper corporate purpose including without limitation, the grant or assumption of options in connection with the acquisition
by purchase, lease, merger, consolidation or otherwise, of the business, stock or assets of any corporation, partnership, limited
liability company, firm or association.

 

    	 	 	27 | 29

     

    

 

12.7      
Compliance with Laws. The Plan, the granting and vesting of Awards under the Plan and the issuance and delivery of
Shares and the payment of money under the Plan or under Awards granted or awarded hereunder are subject to compliance with all
Applicable Law (including but not limited to state, federal and foreign securities law and margin requirements), and to such approvals
by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable
in connection therewith. Any securities delivered under the Plan shall be subject to such restrictions, and the person acquiring
such securities shall, if requested by the Company, provide such assurances and representations to the Company as the Company may
deem necessary or desirable to assure compliance with all Applicable Law. The Administrator, in its sole discretion, may take whatever
actions it deems necessary or appropriate to effect compliance with Applicable Law, including, without limitation, placing legends
on share certificates and issuing stop-transfer notices to agents and registrars. Notwithstanding anything to the contrary herein,
the Administrator may not take any actions hereunder, and no Awards shall be granted, that would violate Applicable Law. To the
extent permitted by Applicable Law, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary
to conform to Applicable Law.

 

12.8      
Titles and Headings, References to Sections of the Code or Exchange Act. The titles and headings of the Sections
in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles
or headings, shall control. References to sections of the Code or the Exchange Act shall include any amendment or successor thereto.

 

12.9      
Governing Law. The Plan and any Programs and Award Agreements hereunder shall be administered, interpreted and enforced
under the internal laws of the State of Delaware without regard to conflicts of laws thereof or of any other jurisdiction.

 

12.10    
Section 409A. To the extent that the Administrator determines that any Award granted under the Plan is subject to
Section 409A, the Plan, the Program pursuant to which such Award is granted and the Award Agreement evidencing such Award shall
incorporate the terms and conditions required by Section 409A. In that regard, to the extent any Award under the Plan or any other
compensatory plan or arrangement of the Company or any of its Subsidiaries is subject to Section 409A, and such Award or other
amount is payable on account of a Holder’s Termination of Service (or any similarly defined term), then (a) such Award or
amount shall only be paid to the extent such Termination of Service qualifies as a “separation from service” as defined
in Section 409A, and (b) if such Award or amount is payable to a “specified employee” as defined in Section 409A then
to the extent required in order to avoid a prohibited distribution under Section 409A, such Award or other compensatory payment
shall not be payable prior to the earlier of (i) the expiration of the six-month period measured from the date of the Holder’s
Termination of Service, or (ii) the date of the Holder’s death. To the extent applicable, the Plan, the Program and any Award
Agreements shall be interpreted in accordance with Section 409A. Notwithstanding any provision of the Plan to the contrary, in
the event that following the Effective Date the Administrator determines that any Award may be subject to Section 409A, the Administrator
may (but is not obligated to), without a Holder’s consent, adopt such amendments to the Plan and the applicable Program and
Award Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect),
or take any other actions, that the Administrator determines are necessary or appropriate to (A) exempt the Award from Section
409A and/or preserve the intended tax treatment of the benefits provided with respect to the Award, or (B) comply with the requirements
of Section 409A and thereby avoid the application of any penalty taxes under Section 409A. The Company makes no representations
or warranties as to the tax treatment of any Award under Section 409A or otherwise. The Company shall have no obligation under
this Section 12.10 or otherwise to take any action (whether or not described herein) to avoid the imposition of taxes, penalties
or interest under Section 409A with respect to any Award and shall have no liability to any Holder or any other person if any Award,
compensation or other benefits under the Plan are determined to constitute non-compliant, “nonqualified deferred compensation”
subject to the imposition of taxes, penalties and/or interest under Section 409A.

 

    	 	 	28 | 29

     

    

 

12.11    
Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation.
With respect to any payments not yet made to a Holder pursuant to an Award, nothing contained in the Plan or any Program or Award
Agreement shall give the Holder any rights that are greater than those of a general creditor of the Company or any Subsidiary.

 

12.12    
Indemnification. To the extent permitted under Applicable Law and the Organizational Documents, each member of the
Administrator (and each delegate thereof pursuant to Section 11.6) shall be indemnified and held harmless by the Company from any
loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member 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 or failure to act pursuant to the Plan or any Award Agreement and against and from any and all amounts paid by him or
her, with the Board’s approval, in satisfaction of judgment in such action, suit, or proceeding against him or her; provided
that he or she gives 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 and, once the Company gives notice of its intent to assume such defense, the Company
shall have sole control over such defense with counsel of the Company’s choosing. The foregoing right of indemnification
shall not be available to the extent that a court of competent jurisdiction in a final judgment or other final adjudication, in
either case not subject to further appeal, determines that the acts or omissions of the person seeking indemnity giving rise to
the indemnification claim resulted from such person’s bad faith, fraud or willful criminal act or omission. The foregoing
right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant
to the Organizational Documents, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or
hold them harmless.

 

12.13    
Relationship to Other Benefits. No payment pursuant to the Plan shall be taken into account in determining any benefits
under any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Subsidiary
except to the extent otherwise expressly provided in writing in such other plan or an agreement thereunder.

 

12.14     
Expenses. The expenses of administering the Plan shall be borne by the Company and its Subsidiaries.

 

    	 	 	29 | 29

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