Document:

Exhibit 10.1

 

SUBSCRIPTION AGREEMENT

 

FMC GlobalSat Holdings, Inc.

61 Larbert Road

Southport, CT 06890

 

Ladies and Gentlemen:

 

1. Subscription. The undersigned
(the “Purchaser”), intending to be legally bound, hereby irrevocably agrees to purchase from FMC GlobalSat Holdings,
Inc., a Delaware corporation (the “Company”) the number of Units (the “Units”) set forth on the signature
page hereof at a purchase price of $1.00 per Unit. Each Unit consists of (i) one share (collectively, the “Shares”)
of the Company’s common stock, par value $.0001 per share (the “Common Stock”) and (ii) one-half 5-year warrant
(collectively, the “Warrants”) to purchase one-half share of Common Stock at an exercise price of $2.50 per share.

 

2.
This subscription is submitted to you in accordance with and subject to the terms and conditions
described in this Subscription Agreement and the Confidential Private Placement Memorandum of the Company dated November 17, 2017,
as amended or supplemented from time to time, including all attachments, schedules and exhibits thereto (the “Memorandum”),
relating to the offering (the “Offering”) by the Company of up to one million and five hundred thousand (1,500,000)
Units (the “Offering Amount”). The Company reserves the right to increase the Offering amount by up to an additional
1,000,000 Units (the “Over-subscription”) in the event that demand for the Units being offered exceeds 1,500,000 Units.
The terms of the Offering are more completely described in the Memorandum and such terms are incorporated herein in their entirety.

 

3.
Payment.

 

(a) The Purchaser encloses herewith a check in
immediately available funds or wire transfer made payable to “Cross River Bank as escrow agent for FMC GlobalSat
Holdings, Inc.” in the full amount of the purchase price of the Units subscribed for. Wire transfer instructions are
set forth on page 38 of the Memorandum. Each Purchaser must also deliver two completed and executed Omnibus Signature
Pages to this Subscription Agreement and the Registration Rights Agreement, in the form of Annex A to this
Subscription Agreement (the “Registration Rights Agreement”).

 

4.
Deposit of Funds. All payments made as provided in Section 3 hereof shall be held in a non-interest bearing escrow
account at Cross River Bank as escrow agent (the “Escrow Agent”) and will be released to the Company upon the sale
of all of the Units offered hereby and the closing of the acquisition of FMC GlobalSat, Inc..

 

5.
Acceptance of Subscription. The Purchaser understands and agrees that the Company, in its sole discretion, reserves
the right to accept or reject this or any other subscription for Units, in whole or in part, notwithstanding prior receipt by
the Purchaser of notice of acceptance of this subscription. The Company shall have no obligation hereunder until the Company shall
execute and deliver to the Purchaser an executed copy of this Subscription Agreement. If this subscription is rejected in whole,
all funds received from the Purchaser will be returned without interest or offset, and this Subscription
Agreement shall thereafter be of no further force or effect. If this subscription is rejected in part, the funds for the rejected
portion of this subscription will be returned without interest or offset, and this Subscription Agreement will continue in full
force and effect to the extent this subscription was accepted.

 

    	 	 	 

     

    

 

6. Representations
and Warranties.

 

The Purchaser hereby acknowledges, represents, warrants,
and agrees as follows:

 

(a) None
of the Units offered pursuant to the Memorandum are registered under the Securities Act of 1933, as amended (the “Securities
Act”), or any state securities laws. The Purchaser understands that the offering and sale of the Units is intended to be
exempt from registration under the Securities Act, by virtue of Section 4(a)(2) thereof and the provisions of Rule 506(b) of Regulation
D (“Regulation D”) promulgated by the United States Securities and Exchange Commission (the “SEC”) thereunder,
based, in part, upon the representations, warranties and agreements of the Purchaser contained in this Subscription Agreement;

 

(b) Prior
to the execution of this Subscription Agreement, the Purchaser and the Purchaser’s attorney, accountant, purchaser representative
and/or tax adviser, if any (collectively, the “Advisers”), have received the Memorandum and all other documents requested
by the Purchaser, have carefully reviewed them and understand the information contained therein;

 

(c) Neither
the SEC nor any state securities commission or other regulatory authority has approved the Units or passed upon or endorsed the
merits of the offering of Units or confirmed the accuracy or determined the adequacy of the Memorandum. The Memorandum has not
been reviewed by any federal, state or other regulatory authority;

 

(d) All
documents, records, and books pertaining to the investment in the Units (including, without limitation, the Memorandum) have been
made available for inspection by such Purchaser and its Advisers, if any;

 

(e) The
Purchaser and its Advisers, if any, have had a reasonable opportunity to ask questions of and receive answers from a person or
persons acting on behalf of the Company concerning the offering of the Units and the business, financial condition and results
of operations of the Company, and all such questions have been answered to the full satisfaction of the Purchaser and its Advisers,
if any;

 

(f) In
evaluating the suitability of an investment in the Company, the Purchaser has not relied upon any representation or information
(oral or written) other than as stated in the Memorandum.

 

(g) The
Purchaser is unaware of, is in no way relying on, and did not become aware of the Offering of the Units through or as a
result of, any form of general solicitation or general advertising including, without limitation, any article, notice,
advertisement or other communication published in any newspaper, magazine or similar media or broadcast over television,
radio or the Internet (including, without limitation, internet “blogs,” bulletin
boards, discussion groups and social networking sites) in connection with the Offering and sale of the Units and is not
subscribing for the Units and did not become aware of the Offering of the Units through or as a result of any seminar or
meeting to which the Purchaser was invited by, or any solicitation of a subscription by, a person not previously known to the
Purchaser in connection with investments in securities generally;

 

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(h) The
Purchaser has taken no action that would give rise to any claim by any person for brokerage commissions, finders’ fees or
the like relating to this Subscription Agreement;

 

(i) The
Purchaser, together with its Advisers, if any, has such knowledge and experience in financial, tax, and business matters, and,
in particular, investments in securities, so as to enable it to utilize the information made available to it in connection with
the Offering to evaluate the merits and risks of an investment in the Units and the Company and to make an informed investment
decision with respect thereto;

 

(j) The
Purchaser is not relying on the Company or any of its employees or agents with respect to the legal, tax, economic and related
considerations of an investment in the Units, and the Purchaser has relied on the advice of, or has consulted with, only its own
Advisers;

 

(k) The
Purchaser is acquiring the Units solely for such Purchaser’s own account for investment purposes only and not with a view
to or intent of resale or distribution thereof, in whole or in part. The Purchaser has no agreement or arrangement, formal or informal,
with any person to sell or transfer all or any part of the Units, and the Purchaser has no plans to enter into any such agreement
or arrangement;

 

(l) The
Purchaser must bear the substantial economic risks of the investment in the Units indefinitely because none of the securities included
in the Units may be sold, hypothecated or otherwise disposed of unless subsequently registered under the Securities Act and applicable
state securities laws or an exemption from such registration is available. Legends to the following effect shall be placed on the
securities included in the Units to the effect that they have not been registered under the Securities Act or applicable state
securities laws:

 

“THE SECURITIES
[AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF] REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS, AND NEITHER SUCH SECURITIES NOR ANY
INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT WITH
RESPECT THERETO IS EFFECTIVE UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS, OR (2) AN EXEMPTION FROM SUCH
REGISTRATION EXISTS AND THE COMPANY RECEIVES AN OPINION OF COUNSEL TO THE HOLDER OF SUCH SECURITIES, WHICH COUNSEL AND
OPINION ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR
TRANSFERRED IN THE MANNER CONTEMPLATED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR APPLICABLE STATE
SECURITIES LAWS.”

 

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Appropriate notations will be made in the
Company’s stock books to the effect that the securities included in the Units have not been registered under the Securities Act
or applicable state securities laws. Stop transfer instructions will be placed with the transfer agent of the Units. The Company
has agreed that purchasers of the Units will have, with respect to the Units, the registration rights described in the Registration
Rights Agreement. Notwithstanding such registration rights, there can be no assurance that there will be any market for resale
of the Units or the Shares or Warrants that comprise the Units, nor can there be any assurance that such securities will be freely
transferable at any time in the foreseeable future.

 

(m) The
Purchaser is aware that it will be required to bear the financial risks of this investment for an indefinite period of time. The
Purchaser has adequate means of providing for such Purchaser’s current financial needs and foreseeable contingencies and has no
need for liquidity of its investment in the Units for an indefinite period of time;

 

(n) The
Purchaser is aware that an investment in the Units is high risk, involving a number of very significant risks and has carefully
read and considered the matters set forth under the caption “Risk Factors” in the Memorandum, and, in particular, acknowledges
that the Company has a limited operating history, limited assets, and is engaged in a highly competitive business;

 

(o) The
Purchaser represents that it meets the requirements of at least one of the suitability standards for an “accredited investor”
as that term is defined in Regulation D and as set forth on the Accredited Investor Certification contained herein.

 

(p) The
Purchaser (i) if a natural person, represents that the Purchaser has reached the age of 21 and has full power and authority to
execute and deliver this Subscription Agreement and all other related agreements or certificates and to carry out the provisions
hereof and thereof; (ii) if a corporation, partnership, or limited liability company or partnership, or association, joint stock
company, trust, unincorporated organization or other entity, represents that such entity was not formed for the specific purpose
of acquiring the Units, such entity is duly organized, validly existing and in good standing under the laws of the state of its
organization, the consummation of the transactions contemplated hereby is authorized by, and will not result in a violation of
state law or its charter or other organizational documents, such entity has full power and authority to execute and deliver this
Subscription Agreement and all other related agreements or certificates and to carry out the provisions hereof and thereof and
to purchase and hold the securities constituting the Units, the execution and delivery of this Subscription Agreement has been
duly authorized by all necessary action, this Subscription Agreement has been duly executed and delivered on behalf of such entity
and is a legal, valid and binding obligation of such entity; or (iii) if executing this Subscription Agreement in a representative
or fiduciary capacity, represents that it has full power and authority to execute and deliver this Subscription Agreement in such
capacity and on behalf of the subscribing individual, ward, partnership, trust, estate, corporation, or limited liability company
or partnership, or other entity for whom the Purchaser is executing this

 

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Subscription Agreement, and such individual, partnership, ward, trust, estate,
corporation, or limited liability company or partnership, or other entity has full right and power to perform pursuant to this
Subscription Agreement and make an investment in the Company, and represents that this Subscription Agreement constitutes a legal,
valid and binding obligation of such entity. The execution and delivery of this Subscription Agreement will not violate or be in
conflict with any order, judgment, injunction, agreement or controlling document to which the Purchaser is a party or by which
it is bound;

 

(q) The
Purchaser and the Advisers, if any, have had the opportunity to obtain any additional information, to the extent the Company has
such information in its possession or could acquire it without unreasonable effort or expense, necessary to verify the accuracy
of the information contained in the Memorandum and all documents received or reviewed in connection with the purchase of the Units
and have had the opportunity to have representatives of the Company provide them with such additional information regarding the
terms and conditions of this particular investment and the financial condition, results of operations, business of the Company
and deemed relevant by the Purchaser or the Advisers, if any, and all such requested information, to the extent the Company had
such information in its possession or could acquire it without unreasonable effort or expense, has been provided to the full satisfaction
of the Purchaser and the Advisers, if any;

 

(r) The
Purchaser is satisfied that the Purchaser has received adequate information with respect to all matters which it or the Advisers,
if any, consider material to its decision to make this investment;

 

(s) Any
information which the Purchaser has heretofore furnished or is furnishing herewith to the Company is complete and accurate and
may be relied upon by the Company in determining the availability of an exemption from registration under federal and state securities
laws in connection with the offering of securities as described in the Memorandum. The Purchaser further represents and warrants
that it will notify and supply corrective information to the Company immediately upon the occurrence of any change therein occurring
prior to the Company’s issuance of the Units;

 

(t) The
Purchaser has significant prior investment experience, including investment in non-listed and non-registered securities. The Purchaser
is knowledgeable about investment considerations in development-stage companies with limited operating histories. The Purchaser
has a sufficient net worth to sustain a loss of its entire investment in the Company in the event such a loss should occur. The
Purchaser’s overall commitment to investments which are not readily marketable is not excessive in view of the Purchaser’s
net worth and financial circumstances and the purchase of the Units will not cause such commitment to become excessive. The investment
is a suitable one for the Purchaser;

 

(u) The
Purchaser acknowledges that any estimates or forward-looking statements or projections included in the Memorandum were prepared
by the Company in good faith but that the attainment of any such projections, estimates or forward-looking statements cannot be
guaranteed by the Company should not be relied upon;

 

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(v) No oral or written representations have been made, or oral or written information
furnished, to the Purchaser or the Advisers, if any, in connection with the Offering which are in any way inconsistent with the
information contained in the Memorandum;

 

(w) Within
five (5) days after receipt of a request from the Company, the Purchaser will provide such information and deliver such documents
as may reasonably be necessary to comply with any and all laws and ordinances to which the Company is subject;

 

(x) THE
SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT, OR ANY STATE SECURITIES LAWS AND ARE BEING OFFERED
AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SAID ACT AND SUCH LAWS. THE SECURITIES ARE SUBJECT TO
RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER SAID ACT AND SUCH LAWS
PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SEC, ANY STATE SECURITIES
COMMISSION OR ANY OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS
OFFERING OR THE ACCURACY OR ADEQUACY OF THE MEMORANDUM. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL;

 

(y) (For
ERISA plans only) The fiduciary of the ERISA plan (the “Plan”) represents that such fiduciary has been informed
of and understands the Company’s investment objectives, policies and strategies, and that the decision to invest “plan
assets” (as such term is defined in ERISA) in the Company is consistent with the provisions of ERISA that require diversification
of plan assets and impose other fiduciary responsibilities. The Purchaser fiduciary or Plan (a) is responsible for the decision
to invest in the Company; (b) is independent of the Company or any of its affiliates; (c) is qualified to make such investment
decision; and (d) in making such decision, the Purchaser fiduciary or Plan has not relied primarily on any advice or recommendation
of the Company or any of its affiliates;

 

(z) The
Purchaser should check the Office of Foreign Assets Control (“OFAC”) website at <http://www.treas.gov/ofac>
before making the following representations. The Purchaser represents that the amounts invested by it in the Company in
the Offering were not and are not directly or indirectly derived from activities that contravene federal, state or
international laws and regulations, including anti-money laundering laws and regulations. Federal regulations and Executive
Orders administered by OFAC prohibit, among other things, the engagement in transactions with, and the provision of services
to, certain foreign countries, territories, entities and individuals. The lists of OFAC prohibited countries, territories,
persons and entities can be found on the OFAC website at <http://www.treas.gov/ofac>. In addition, the programs
administered by OFAC (the “OFAC Programs”) prohibit dealing with
individuals1 or entities in certain countries regardless of whether such individuals or entities appear on the
OFAC lists;

 

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(aa) To the best of
the Purchaser’s knowledge, none of: (1) the Purchaser; (2) any person controlling or controlled by the Purchaser; (3) if
the Purchaser is a privately-held entity, any person having a beneficial interest in the Purchaser; or (4) any person for whom
the Purchaser is acting as agent or nominee in connection with this investment is a country, territory, individual or entity named
on an OFAC list, or a person or entity prohibited under the OFAC Programs. Please be advised that the Company may not accept any
amounts from a prospective investor if such prospective investor cannot make the representation set forth in the preceding paragraph.
The Purchaser agrees to promptly notify the Company should the Purchaser become aware of any change in the information set forth
in these representations. The Purchaser understands and acknowledges that, by law, the Company may be obligated to “freeze
the account” of the Purchaser, either by prohibiting additional subscriptions from the Purchaser, declining any redemption
requests and/or segregating the assets in the account in compliance with governmental regulations, and may also be required to
report such action and to disclose the Purchaser’s identity to OFAC. The Purchaser further acknowledges that the Company
may, by written notice to the Purchaser, suspend the redemption rights, if any, of the Purchaser if the Company reasonably deems
it necessary to do so to comply with anti-money laundering regulations applicable to the Company or any of the Company’s
other service providers. These individuals include specially designated nationals, specially designated narcotics traffickers and
other parties subject to OFAC sanctions and embargo programs;

 

(bb) To the best of
the Purchaser’s knowledge, none of: (1) the Purchaser; (2) any person controlling or controlled by the Purchaser; (3) if
the Purchaser is a privately-held entity, any person having a beneficial interest in the Purchaser; or (4) any person for whom
the Purchaser is acting as agent or nominee in connection with this investment is a senior foreign political figure,2
or any immediate family3 member or close associate4 of a senior foreign political figure, as such terms are
defined in the footnotes below; and

 

 

 

1 These individuals include specially designated nationals, specially
designated narcotics traffickers and other parties subject to OFAC sanctions and embargo programs.

 

2 A “senior foreign political
figure” is defined as a senior official in the executive, legislative, administrative, military or judicial branches of a
foreign government (whether elected or not), a senior official of a major foreign political party, or a senior executive of a foreign
government-owned corporation. In addition, a “senior foreign political figure” includes any corporation, business or
other entity that has been formed by, or for the benefit of, a senior foreign political figure.

 

3 “Immediate family”
of a senior foreign political figure typically includes the figure’s parents, siblings, spouse, children and in-laws.

 

4 A “close associate”
of a senior foreign political figure is a person who is widely and publicly known to maintain an unusually close relationship with
the senior foreign political figure, and includes a person who is in a position to conduct substantial domestic and international
financial transactions on behalf of the senior foreign political figure.

 

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(cc) If the Purchaser
is affiliated with a non-U.S. banking institution (a “Foreign Bank”), or if the Purchaser receives deposits from, makes
payments on behalf of, or handles other financial transactions related to a Foreign Bank, the Purchaser represents
and warrants to the Company that: (1) the Foreign Bank has a fixed address, other than solely an electronic address, in a country
in which the Foreign Bank is authorized to conduct banking activities; (2) the Foreign Bank maintains operating records related
to its banking activities; (3) the Foreign Bank is subject to inspection by the banking authority that licensed the Foreign Bank
to conduct banking activities; and (4) the Foreign Bank does not provide banking services to any other Foreign Bank that does not
have a physical presence in any country and that is not a regulated affiliate.

 

7.
Indemnification. The Purchaser agrees to indemnify and hold harmless the Company and its officers, directors, employees,
agents, control persons, affiliates and counsels from and against all losses, liabilities, claims, damages, costs, fees and expenses
whatsoever (including, but not limited to, any and all expenses incurred in investigating, preparing or defending against any
litigation commenced or threatened) based upon or arising out of any actual or alleged false acknowledgment, representation or
warranty, or misrepresentation or omission to state a material fact, or breach by the Purchaser of any covenant or agreement made
by the Purchaser herein or in any other document delivered in connection with this Subscription Agreement.

 

8.
Irrevocability; Binding Effect. The Purchaser hereby acknowledges and agrees that the subscription hereunder is
irrevocable by the Purchaser, except as required by applicable law, and that this Subscription Agreement shall survive the death
or disability of the Purchaser and shall be binding upon and inure to the benefit of the parties and their heirs, executors, administrators,
successors, legal representatives, and permitted assigns. If the Purchaser is more than one person, the obligations of the Purchaser
hereunder shall be joint and several and the agreements, representations, warranties, and acknowledgments herein shall be deemed
to be made by and be binding upon each such person and such person’s heirs, executors, administrators, successors, legal representatives,
and permitted assigns.

 

9.
Modification. This Subscription Agreement shall not be modified or waived except by an instrument in writing signed
by the party against whom any such modification or waiver is sought.

 

10.
Immaterial Modifications to the Registration Rights Agreement. The Company may, at any time prior to the Closing,
amend the Registration Rights Agreement if necessary to clarify any provision therein, without first providing notice or obtaining
prior consent of the Purchaser, if, and only if, such modification is not material in any respect.

 

11. Notices. Any
notice or other communication required or permitted to be given hereunder shall be in writing and shall be mailed by
certified mail, return receipt requested, or delivered against receipt to the party to whom it is to be given (a) if to the
Company at the address set forth above, or (b) if to the Purchaser, at the address set forth on the signature page
hereof (or, in either case, to such other address as the party shall have furnished in writing in accordance with the
provisions of this Section 11). Any notice or other communication given by certified mail shall be deemed given at the time
of certification thereof, except for a notice changing a party’s address which shall be deemed
given at the time of receipt thereof.

 

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12.Assignability. This
Subscription Agreement and the rights, interests and obligations hereunder are not transferable or assignable by the
Purchaser and the transfer or assignment of the Units, the Shares or the Warrants shall be made only in accordance with all
applicable laws.

 

13.Applicable Law. This
Subscription Agreement shall be governed by and construed in accordance with the laws of the State of Delaware applicable to
contracts to be wholly-performed within said State.

 

14.Arbitration. The parties
agree to submit all controversies to arbitration in accordance with the provisions set forth below and understand that:

 

(a) Arbitration
is final and binding on the parties.

 

(b) The
parties are waiving their right to seek remedies in court, including the right to a jury trial.

 

(c) Pre-arbitration
discovery is generally more limited and different from court proceedings.

 

(d) The
arbitrator’s award is not required to include factual findings or legal reasoning and any party’s right to appeal or to seek modification
of rulings by arbitrators is strictly limited.

 

(e) The
panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.

 

(f) All
controversies which may arise between the parties concerning this Subscription Agreement shall be determined by arbitration pursuant
to the rules then pertaining to the Financial Industry Regulatory Authority, Inc. (“FINRA”) in New York, New York.
Judgment on any award of any such arbitration may be entered in the Supreme Court of the State of New York or in any other court
having jurisdiction of the person or persons against whom such award is rendered. Any notice of such arbitration or for
the confirmation of any award in any arbitration shall be sufficient if given in accordance with the provisions of this Agreement.
The parties agree that the determination of the arbitrators shall be binding and conclusive upon them.

 

15.Blue Sky Qualification. The purchase of
Units under this Subscription Agreement is expressly conditioned upon the exemption from qualification of the offer and sale
of the Units from applicable federal and state securities laws. The Company shall not be required to qualify this transaction
under the securities laws of any jurisdiction and, should qualification be necessary, the Company shall be released from any
and all obligations to maintain its offer, and may rescind any sale contracted, in the jurisdiction.

 

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16.
Use of Pronouns. All pronouns and any variations thereof used herein shall be deemed
to refer to the masculine, feminine, neuter, singular or plural as the identity of the person or persons referred to may require.

 

17.
Confidentiality. The Purchaser acknowledges and agrees that any information or data the Purchaser has acquired from
or about the Company, not otherwise properly in the public domain, was received in confidence. The Purchaser agrees not to divulge,
communicate or disclose, except as may be required by law or for the performance of this Agreement, or use to the detriment of
the Company or for the benefit of any other person or persons, or misuse in any way, any confidential information of the Company,
including any scientific, technical, trade or business secrets of the Company or any scientific, technical, trade or business
materials that are treated by the Company as confidential or proprietary, including, but not limited to, ideas, discoveries, inventions,
developments and improvements belonging to the Company or and confidential information obtained by or given to the Company or
about or belonging to third parties.

 

18.
Miscellaneous.

 

(a) This
Subscription Agreement, together with the Registration Rights Agreement, constitute the entire agreement between the Purchaser
and the Company with respect to the subject matter hereof and supersede all prior oral or written agreements and understandings,
if any, relating to the subject matter hereof. The terms and provisions of this Subscription Agreement may be waived, or consent
for the departure therefrom granted, only by a written document executed by the party entitled to the benefits of such terms or
provisions.

 

(b) The
obligation of the Purchaser hereunder is several and not joint with the obligations of any other purchasers for the purchase of
the Units in the Offering (the “Other Purchasers”), and the Purchaser shall not be responsible in any way for the performance
of the obligations of any Other Purchasers of the Offering. Nothing contained herein and no action taken by the Purchaser pursuant
hereto shall be deemed to constitute the Purchaser and the Other Purchasers of the Offering as a partnership, an association, a
joint venture or any other kind of entity, or create a presumption that the Purchaser and the Other Purchasers of the Offering
are in any way acting in concert with respect to such obligations or the transactions contemplated by this Subscription Agreement.
The Purchaser shall be entitled to protect and enforce its rights, including without limitation the rights arising out of this
Subscription Agreement, and it shall not be necessary for any Other Purchasers of the Offering to be joined as an additional party
in any proceeding for such purpose. The Purchaser is not acting as part of a “group” (as that term is used in Section
13(d) of the Exchange Act of 1934, as amended) in negotiating and entering into this Subscription Agreement or purchasing, disposing
of or voting any of the Units. The Company hereby confirms that it understands and agrees that the Purchaser is not acting as part
of any such group.

 

(c) The
representations and warranties of the Company and the Purchaser made in this Subscription Agreement shall survive the execution
and delivery hereof and delivery of the Shares and Warrants contained in the Units.

 

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(d) Each
of the parties hereto shall pay its own fees and expenses (including the fees of any attorneys, accountants, appraisers or others
engaged by such party) in connection with this Subscription Agreement and the transactions contemplated hereby whether or not the
transactions contemplated hereby are consummated.

 

(e) This
Subscription Agreement may be executed in one or more counterparts each of which shall be deemed an original, but all of which
shall together constitute one and the same instrument.

 

(f) Each
provision of this Subscription Agreement shall be considered separable and, if for any reason any provision or provisions hereof
are determined to be invalid or contrary to applicable law, such invalidity or illegality shall not impair the operation of or
affect the remaining portions of this Subscription Agreement.

 

(g) Paragraph
titles are for descriptive purposes only and shall not control or alter the meaning of this Subscription Agreement as set forth
in the text.

 

(h) The
Purchaser understands and acknowledges that there may be multiple closings for this Offering.

 

19. Omnibus Signature Page. This Subscription
Agreement is intended to be read and construed in conjunction with the Registration Rights Agreement pertaining to the
issuance by the Company of the Units to the Purchasers pursuant to the Memorandum. Accordingly, pursuant to the terms and
conditions of this Subscription Agreement and such related agreements it is hereby agreed that the execution by the Purchaser
of this Subscription Agreement, in the place set forth herein, shall constitute agreement to be bound by the terms and
conditions hereof and the terms and conditions of the Registration Rights Agreement, with the same effect as if each of such
separate but related agreement were separately signed.

 

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ANTI MONEY LAUNDERING REQUIREMENTS

 

	The USA PATRIOT Act	What is money laundering?	How big is the problem and why is it important?
	 

                                                                                                                                                                                          The USA PATRIOT Act is designed to detect, deter, and punish terrorists in United States and abroad. The Act imposes new anti-money laundering requirements on brokerage firms and financial institutions. Since April 24, 2002 all brokerage firms have been required to have new, comprehensive anti-money laundering programs.

                                                                                 

                                                                                To help you understand these efforts, we want to provide you with some information about money laundering and our steps to implement the USA PATRIOT Act.
	 

Money laundering is the process of disguising illegally obtained money so that the funds appear to come from legitimate sources or activities. Money laundering occurs in connection with a wide variety of crimes, including illegal arms sales, drug trafficking, robbery, fraud, racketeering, and terrorism.	 

The use of the U.S. financial system by criminals to facilitate terrorism or other crimes could well taint our financial markets. According to the U.S. State Department, one recent estimate puts the amount of worldwide money laundering activity at $1 trillion a year.

 

	What are we required to do to eliminate money laundering?
	Under rules required by the USA PATRIOT Act, our anti-money laundering program must designate a special compliance officer, set up employee training, conduct independent audits, and establish policies and procedures to detect and report suspicious transaction and ensure compliance with such laws.	As part of our required program, we may ask you to provide various identification documents or other information. Until you provide the information or documents we need, we may not be able to effect any transactions for you.

 

    	 	12	 

     

    

 

FMC GLOBALSAT HOLDINGS, INC. 

OMNIBUS SIGNATURE PAGE TO THE

SUBSCRIPTION AGREEMENT

AND REGISTRATION RIGHTS AGREEMENT

 

Purchaser hereby elects to subscribe for a total
of_____________Units at a price of $1.00 per Unit (NOTE: to be completed by the Purchaser) under the Subscription
Agreement and executes the Subscription Agreement and the Registration Rights Agreement.

 

Date (NOTE: To be completed by the Purchaser): _____________________

 

 

 

If the Purchaser is an INDIVIDUAL, and if purchased as JOINT TENANTS, as TENANTS IN COMMON, or as COMMUNITY PROPERTY:

 

	 	 	 
	Print Name(s)	 	Social Security Number(s)
	 	 	 
	 	 	 
	Signature(s) of Purchaser(s)	 	Signature
	 	 	 
	 	 	 
	Date	 	Address

  

If the Purchaser is a PARTNERSHIP, CORPORATION, LIMITED LIABILITY
COMPANY or TRUST:

 

	 	 	 
	Name of Partnership,	 	Federal Taxpayer
	Corporation, Limited	 	Identification Number
	Liability Company or Trust	 	 
	 	 	 
	By:	 	 	 
	 	Name:	 	State of Organization 
	 	Title:	 	 
	 	 	 	 
	 	 	 
	Date	 	Address

 

Agreed to and accepted
by the Company:

 

	FMC GlobalSat Holdings, Inc.	 
	 	 	 
	By:	 	 
	 	Authorized Officer	 

 

    	 	13	 

     

    

 

FMC GLOBALSAT HOLDINGS, INC. 

ACCREDITED INVESTOR CERTIFICATION

 

For Individual Investors Only

(All Individual Investors
must INITIAL where appropriate):

 

		Initial_________	I have a net worth (including homes, furnishings and automobiles,
but excluding for these purposes the value of my primary residence) in excess of $1 million either individually or through
aggregating my individual holdings and those in which I have a joint, community property or other similar shared ownership interest
with my spouse.

 

		Initial _________	I have had an annual gross income for the past two years of at least $200,000
(or $300,000 jointly with my spouse) and expect my income (or joint income, as appropriate) to reach the same level in the current
year.

 

		Initial _________	I am a director or executive officer of FMC GlobalSat Holdings,
Inc.

 

For Non-Individual Investors

(All Non-Individual Investors
must INITIAL where appropriate):

 

		Initial _________	The investor certifies that it is a partnership, corporation,
limited liability company or business trust that is 100% owned by persons who meet at least one of the criteria for Individual
Investors set forth above.

		Initial _________	The investor certifies that it is a partnership, corporation, limited liability
company or business trust that has total assets of at least $5 million and was not formed for the purpose of investing in the Company.

		Initial _________	The investor certifies that it is an employee benefit plan whose investment
decision is made by a plan fiduciary (as defined in ERISA §3(21)) that is a bank, savings and loan association, insurance
company or registered investment adviser.

		Initial _________	The investor certifies that it is an employee benefit plan whose total assets
exceed $5,000,000 as of the date of this Agreement.

		Initial _________	The undersigned certifies that it is a self-directed employee benefit plan
whose investment decisions are made solely by persons who meet either of the criteria for Individual Investors.

		Initial _________	The investor certifies that it is a U.S. bank, U.S. savings and loan association
or other similar U.S. institution acting in its individual or fiduciary capacity.

		Initial _________	The undersigned certifies that it is a broker-dealer registered pursuant
to §15 of the Securities Exchange Act of 1934.

		Initial _________	The investor certifies that it is an organization described in §501(c)(3)
of the Internal Revenue Code with total assets exceeding $5,000,000 and not formed for the specific purpose of investing in the
Company.

		Initial _________	The investor certifies that it is a trust with total assets of at least
$5,000,000, not formed for the specific purpose of investing in the Company, and whose purchase is directed by a person with such
knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of the prospective
investment.

		Initial _________	The investor certifies that it is a plan established and maintained by a
state or its political subdivisions, or any agency or instrumentality thereof, for the benefit of its employees, and which has
total assets in excess of $5,000,000.

		Initial _________	The investor certifies that it is an insurance company as defined in §2(13)
of the Securities Act of 1933, or a registered investment company.

 

    	 	14	 

     

    

 

Annex A

 

Registration Rights Agreement

 

(attached)

 

     

    

    

 

REGISTRATION
RIGHTS AGREEMENT

 

This
Registration Rights Agreement (this “Agreement”) is made and entered into effective as of November ____, 2017
(the “Effective Date”) between FMC GlobalSat Holdings, Inc., a Delaware corporation (the “Company”),
and the persons who have executed the signature page(s) hereto (each, a “Purchaser” and collectively, the “Purchasers”).

 

RECITALS:

 

WHEREAS,
the Company proposes to raise up to $1,500,000 (the “Offering”) from the sale of units (the “Units”) at
a price of $1.00 per Unit (the “Purchase Price”), subject to an additional 1,000,000 Unit over-subscription option,
pursuant to the exemption from registration under the Securities Act of 1933, as amended (the “Securities Act”), by
virtue of Section 4(a)(2) thereof and the provisions of Rule 506(b) of Regulation D (“Regulation D”) promulgated thereunder.
Each Unit consists of (i) one share (collectively, the “Shares”) of the Company’s common stock, par value $.0001
per share (the “Common Stock”) and (ii) one-half 5-year warrant (collectively, the “Warrants”) to purchase
one-half share of Common Stock at an exercise price of $2.50 per share; and

 

WHEREAS,
in connection with the Offering, the Company agrees to provide certain registration rights related to the Shares and the shares
of Common Stock issuable upon exercise of the Warrants (the “Warrant Shares”), on the terms set forth herein; and

 

NOW,
THEREFORE, in consideration of the mutual promises, representations, warranties, covenants, and conditions set forth herein, the
parties mutually agree as follows:

 

1.    Certain
Definitions. As used in this Agreement, the following terms shall have the following respective meanings:

 

“Approved
Market” means the Over-the-Counter Bulletin Board, the OTC Markets, the Nasdaq Stock Market, the New York Stock Exchange
or the American Stock Exchange.

 

“Blackout
Period” means, with respect to a registration, a period, in each case commencing on the day immediately after the Company
notifies the Purchasers that they are required, because of the occurrence of an event of the kind described in Section 4(f) hereof,
to suspend offers and sales of Registrable Securities during which the Company, in the good faith judgment of its board of directors,
determines (because of the existence of, or in anticipation of, any acquisition, financing activity, or other transaction involving
the Company, or the unavailability for reasons beyond the Company’s control of any required financial statements, disclosure
of information which is in its best interest not to publicly disclose, or any other event or condition of similar significance
to the Company) that the registration and distribution of the Registrable Securities to be covered by such Registration Statement,
if any, would be seriously detrimental to the Company and its stockholders and ending on the earlier of (1) the date upon which
the material non-public information commencing the Blackout Period is disclosed to the public or ceases to be material and (2)
such time as the Company notifies the selling Holders that the Company will no longer delay such filing of the Registration Statement,
recommence taking steps to make such Registration Statement effective, or allow sales pursuant to such Registration Statement
to resume.

 

    	 	A-1	 

    

    

 

“Business
Day” means any day of the year, other than a Saturday, Sunday, or other day on which the Commission is required or authorized
to close.

 

“Commission”
means the U. S. Securities and Exchange Commission or any other federal agency at the time administering the Securities Act.

 

“Common
Stock” means the common stock, par value $0.0001 per share, of the Company and any and all shares of capital stock or
other equity securities of: (i) the Company which are added to or exchanged or substituted for the Common Stock by reason of the
declaration of any stock dividend or stock split, the issuance of any distribution or the reclassification, readjustment, recapitalization
or other such modification of the capital structure of the Company; and (ii) any other corporation, now or hereafter organized
under the laws of any state or other governmental authority, with which the Company is merged, which results from any consolidation
or reorganization to which the Company is a party, or to which is sold all or substantially all of the shares or assets of the
Company, if immediately after such merger, consolidation, reorganization or sale, the Company or the stockholders of the Company
own equity securities having in the aggregate more than 50% of the total voting power of such other corporation.

 

“Effective
Date” has the meaning given it in the preamble to this Agreement.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated
thereunder.

 

“Family
Member” means (a) with respect to any individual, such individual’s spouse, any descendants (whether natural or
adopted), any trust all of the beneficial interests of which are owned by any of such individuals or by any of such individuals
together with any organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, the estate of
any such individual, and any corporation, association, partnership or limited liability company all of the equity interests of
which are owned by those above described individuals, trusts or organizations and (b) with respect to any trust, the owners of
the beneficial interests of such trust.

 

“Holder”
means each Purchaser or any of such Purchaser’s respective successors and Permitted Assignees who acquire rights in
accordance with this Agreement with respect to any Registrable Securities directly or indirectly from a Purchaser or from any
Permitted Assignee.

 

“Initial
Registration Statement” means the initial Registration Statement filed pursuant to this Agreement.

 

“Majority
Holders” means at any time Holders representing a majority of the Registrable Securities.

 

“Permitted
Assignee” means (a) with respect to a partnership, its partners or former partners in accordance with their partnership
interests, (b) with respect to a corporation, its stockholders in accordance with their interest in the corporation, (c) with
respect to a limited liability company, its members or former members in accordance with their interest in the limited liability
company, (d) with respect to an individual party, any Family Member of such party, (e) an entity that is controlled by, controls,
or is under common control with a transferor, or (f) a party to this Agreement.

 

    	 	A-2	 

    

    

 

“Piggyback
Registration” means, in any registration of Common Stock as set forth in Section 3(b), the ability of holders of Registrable
Securities to include Registrable Securities in such registration.

 

The
terms “register,” “registered,” and “registration” refer to a registration
effected by preparing and filing a registration statement in compliance with the Securities Act, and the declaration or ordering
of the effectiveness of such registration statement.

 

“Registrable
Securities” means the Shares and the Warrant Shares but excluding (i) any Registrable Securities that have been publicly
sold or may be sold immediately without registration under the Securities Act either pursuant to Rule 144 of the Securities Act
or otherwise; (ii) any Registrable Securities sold by a person in a transaction pursuant to a registration statement filed under
the Securities Act, or (iii) any Registrable Securities that are at the time subject to an effective registration statement under
the Securities Act.

 

“Registration
Default Date” means the date that is 135 days after the date the Registration Statement is actually filed with the Commission.

 

“Registration
Filing Date” means the date that is 120 days after date of the final closing of the Offering.

 

“Registration
Statement” means the registration statement that the Company is required to file pursuant to this Agreement to register
the Registrable Securities.

 

“Rule
144” means Rule 144 promulgated by the Commission under the Securities Act.

 

“Rule
145” means Rule 145 promulgated by the Commission under the Securities Act.

 

“Rule
415” means Rule 415 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time
to time, or any similar rule or regulation hereafter adopted by the SEC having substantially the same purpose and effect as such
Rule.

 

“Securities
Act” means the Securities Act of 1933, as amended, or any similar federal statute promulgated in replacement thereof,
and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time.

 

“SEC
Effective Date” means the date the Registration Statement is declared effective by the Commission.

 

“Trading
Day” means (a) if the Common Stock is listed or quoted on an Approved Market, then any day during which securities are
generally eligible for trading on the Approved Market, or (b) if the Common Stock is not then listed or quoted and traded on an
Approved Market, then any business day.

 

“Warrants”
has the meaning given it in the recitals of this Agreement.

 

 2.
Term. This Agreement shall continue in full force and effect for a period of one year from the SEC Effective Date, unless
terminated sooner hereunder.

 

    	 	A-3	 

    

    

 

3.    Registration.

 

(a)
 Registration on Form S-1. Not later than the Registration Filing Date, the Company shall file with the Commission
a Registration Statement on Form S-1, or other applicable form, relating to the resale by the Holders of all of the Registrable
Securities, and the Company shall use its commercially reasonably efforts to cause such Registration Statement to be declared
effective prior to the Registration Default Date.

 

(b)
 Piggyback Registration. In addition to the Company agreement pursuant to Section 3(a) above, if the Company
shall determine to register for sale for cash any of its Common Stock, for its own account or for the account of others
(other than the Holders), other than (i) a registration relating solely to employee benefit plans or securities issued or
issuable to employees, consultants (to the extent the securities owned or to be owned by such consultants could be registered
on Form S-8) or any of their Family Members (including a registration on Form S-8) or (ii) a registration relating solely to
a Securities Act Rule 145 transaction or a registration on Form S-4 in connection with a merger, acquisition, divestiture,
reorganization or similar event, the Company shall promptly give to the Holders written notice thereof (and in no event shall
such notice be given less than 20 calendar days prior to the filing of such registration statement), and shall, subject to
Section 3(c), include as a Piggyback Registration all of the Registrable Securities specified in a written request delivered
by the Holder thereof within 10 calendar days after receipt of such written notice from the Company. However, the Company
may, without the consent of the Holders, withdraw such registration statement prior to its becoming effective if the Company
or such other stockholders have elected to abandon the proposal to register the securities proposed to be registered
thereby.

 

(c)
 Underwriting. If a Piggyback Registration is for a registered public offering that is to be made by an
underwriting, the Company shall so advise the Holders of the Registrable Securities eligible for inclusion in such
Registration Statement pursuant to Sections 3(b). In that event, the right of any Holder to Piggyback Registration shall be
conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable
Securities in the underwriting to the extent provided herein. All Holders proposing to sell any of their Registrable
Securities through such underwriting shall (together with the Company and any other stockholders of the Company selling their
securities through such underwriting) enter into an underwriting agreement in customary form with the underwriter selected
for such underwriting by the Company or the selling stockholders, as applicable. Notwithstanding any other provision of this
Section, if the underwriter or the Company determines that marketing factors require a limitation on the number of shares of
Common Stock or the amount of other securities to be underwritten, the underwriter may exclude some or all Registrable
Securities from such registration and underwriting. The Company shall so advise all Holders (except those Holders who failed
to timely elect to include their Registrable Securities through such underwriting or have indicated to the Company their
decision not to do so), and indicate to each such Holder the number of shares of Registrable Securities that may be included
in the registration and underwriting, if any. The number of shares of Registrable Securities to be included in such
registration and underwriting shall be allocated among such Holders as follows:

 

(i)
 If the Piggyback Registration was initiated by the Company, the number of shares that may be included in the
registration and underwriting shall be allocated first to the Company and then, subject to obligations and commitments
existing as of the date hereof, to all selling stockholders, including the Holders, who have requested to sell in the
registration on a pro rata basis according to the number of shares requested to be included therein; and

 

    	 	A-4	 

    

    

 

(ii)
 If the Piggyback Registration was initiated by the exercise of demand registration rights by a stockholder or
stockholders of the Company (other than the Holders), then the number of shares that may be included in the registration and
underwriting shall be allocated first to such selling stockholders who exercised such demand and then, subject to obligations
and commitments existing as of the date hereof, to all other selling stockholders, including the Holders, who have requested
to sell in the registration on a pro rata basis according to the number of shares requested to be included
therein.

 

No
Registrable Securities excluded from the underwriting by reason of the underwriter’s marketing limitation shall be included
in such registration. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw such
Holder’s Registrable Securities therefrom by delivering a written notice to the Company and the underwriter. The Registrable
Securities so withdrawn from such underwriting shall also be withdrawn from such registration; provided, however, that,
if by the withdrawal of such Registrable Securities, a greater number of Registrable Securities held by other Holders may be included
in such registration (up to the maximum of any limitation imposed by the underwriters), then the Company shall offer to all Holders
who have included Registrable Securities in the registration the right to include additional Registrable Securities pursuant to
the terms and limitations set forth herein in the same proportion used above in determining the underwriter limitation.

 

(d)    (i)
if the Commission does not declare the Registration Statement effective on or before the Registration Default Date, or (ii) if
the Commission allows the Registration Statement to be declared effective at any time before or after the Registration Default
Date, subject to the withdrawal of certain Registrable Securities from the Registration Statement, and the reason for (i) or (ii)
is the Commission’s determination that (x) the offering of any of the Registrable Securities constitutes a primary offering
of securities by the Company, (y) Rule 415 may not be relied upon for the registration of the resale of any or all of the Registrable
Securities, and/or (z) a Holder of any Registrable Securities must be named as an underwriter, the Holders understand and agree
that in the case of (ii) the Company may reduce, on a pro rata basis, the total number of Registrable Securities to be
registered on behalf of each such Holder, and, in the case of (i) or (ii), and that a Holder shall not be entitled to any liquidated
damages with respect to the Registrable Securities not registered for the reason set forth in (i), or so reduced on a pro rata
basis as set forth in (ii). In any such pro reduction, the number of Registrable Securities to be registered on such
Registration Statement will first be reduced by the Registrable Securities represented by the Warrant Shares (applied, in the
case that some Warrant Shares may be registered, to the Holders on a pro rata basis based on the total number of unregistered
Warrant Shares held by such Holders on a fully diluted basis), and second by Registrable Securities represented by the Shares
(applied, in the case that some of the Shares may be registered, to the Holders on a pro rata basis based on the total number
of unregistered Shares held by such Holders). In addition, any such affected Holder shall be entitled to Piggyback Registration
rights after the Registration Statement is declared effective by the Commission until such time as: (AA) all Registrable Securities
have been registered pursuant to an effective Registration Statement, (BB) the Registrable Securities may be resold without restriction
pursuant to Rule 144 of the Securities Act, or (CC) the Holder agrees to be named as an underwriter in any such registration statement.
The Holders acknowledge and agree the provisions of this paragraph may apply to more than one Registration Statement.

 

    	 	A-5	 

    

    

 

4.    Registration
Procedures for Registrable Securities. The Company will keep each Holder reasonably advised as to the filing and effectiveness
of the Registration Statement. At its expense with respect to the Registration Statement, the Company will:

 

(a)    prepare
and file with the Commission with respect to the Registrable Securities, a Registration Statement on Form S-1, or any other form
for which the Company then qualifies or which counsel for the Company shall deem appropriate and which form shall be available
for the sale of the Registrable Securities in accordance with the intended methods of distribution thereof, and use its commercially
reasonable efforts to cause such Registration Statement to become effective and shall remain effective for a period of one year
or for such shorter period ending on the earlier to occur of (i) the date as of which all of the Holders as selling stockholders
thereunder may sell all of the Registrable Securities registered for resale thereon without restriction pursuant to Rule 144 (or
any successor rule thereto) promulgated under the Securities Act or (ii) the date when all of the Registrable Securities registered
thereunder shall have been sold (the “Effectiveness Period”). Thereafter, the Company shall be entitled to
withdraw such Registration Statement and the Investors shall have no further right to offer or sell any of the Registrable Securities
registered for resale thereon pursuant to the respective Registration Statement (or any prospectus relating thereto);

 

(b)    if
the Registration Statement is subject to review by the Commission, promptly respond to all comments and diligently pursue resolution
of any comments to the satisfaction of the Commission;

 

(c)    prepare
and file with the Commission such amendments and supplements to such Registration Statement as may be necessary to keep such Registration
Statement effective during the Effectiveness Period;

 

(d)    furnish,
without charge, to each Holder of Registrable Securities covered by such Registration Statement (i) a reasonable number of copies
of such Registration Statement (including any exhibits thereto other than exhibits incorporated by reference), each amendment
and supplement thereto as such Holder may reasonably request, (ii) such number of copies of the prospectus included in such Registration
Statement (including each preliminary prospectus and any other prospectus filed under Rule 424 of the Securities Act) as such
Holders may reasonably request, in conformity with the requirements of the Securities Act, and (iii) such other documents as such
Holder may require to consummate the disposition of the Registrable Securities owned by such Holder, but only during the Effectiveness
Period;

 

(e)    use
its commercially reasonable efforts to register or qualify such registration under such other applicable securities laws of such
jurisdictions as any Holder of Registrable Securities covered by such Registration Statement reasonably requests and as may be
necessary for the marketability of the Registrable Securities (such request to be made by the time the applicable Registration
Statement is deemed effective by the Commission) and do any and all other acts and things necessary to enable such Holder to consummate
the disposition in such jurisdictions of the Registrable Securities owned by such Holder; provided, that the Company shall
not be required to (i) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify
but for this paragraph, (ii) subject itself to taxation in any such jurisdiction, or (iii) consent to general service of process
in any such jurisdiction.

 

    	 	A-6	 

    

    

 

(f)    notify
each Holder of Registrable Securities, the disposition of which requires delivery of a prospectus relating thereto under the Securities
Act, of the happening of any event (as promptly as practicable after becoming aware of such event), which comes to the Company’s
attention, that will after the occurrence of such event cause the prospectus included in such Registration Statement, if not amended
or supplemented, to contain an untrue statement of a material fact or an omission to state a material fact required to be stated
therein or necessary to make the statements therein not misleading and the Company shall promptly thereafter prepare and furnish
to such Holder a supplement or amendment to such prospectus (or prepare and file appropriate reports under the Exchange Act) so
that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus shall not contain an untrue statement
of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein
not misleading, unless suspension of the use of such prospectus otherwise is authorized herein or in the event of a Blackout Period,
in which case no supplement or amendment need be furnished (or Exchange Act filing made) until the termination of such suspension
or Blackout Period;

 

(g)    comply,
and continue to comply during the Effectiveness Period, in all material respects with the Securities Act and the Exchange Act
and with all applicable rules and regulations of the Commission with respect to the disposition of all securities covered by such
Registration Statement;

 

(h)    as
promptly as practicable after becoming aware of such event, notify each Holder of Registrable Securities being offered or sold
pursuant to the Registration Statement of the issuance by the Commission of any stop order or other suspension of effectiveness
of the Registration Statement;

 

(i)    use
its commercially reasonable efforts to cause all the Registrable Securities covered by the Registration Statement to be quoted
on the OTC Bulletin Board, OTCQB or such other Approved Market on which securities of the same class or series issued by the Company
are then listed or traded;

 

(j)    provide
a transfer agent and registrar, which may be a single entity, for the shares of Common Stock at all times;

 

(k)    If
requested by the Holders, cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing
Registrable Securities to be delivered to a transferee pursuant to the Registration Statement, which certificates shall be free,
to the extent permitted by applicable law, of all restrictive legends, and to enable such Registrable Securities to be in such
denominations and registered in such names as any such Holders may request;

 

(l)    during
the Effectiveness Period, refrain from bidding for or purchasing any Common Stock or any right to purchase Common Stock or attempting
to induce any person to purchase any such security or right if such bid, purchase or attempt would in any way limit the right
of the Holders to sell Registrable Securities by reason of the limitations set forth in Regulation M of the Exchange Act; and

 

    	 	A-7	 

    

    

 

(m)    take
all other reasonable actions necessary to expedite and facilitate the disposition by the Holders of the Registrable Securities
pursuant to the Registration Statement.

 

5.
 Suspension of Offers and Sales. Each Holder agrees that, upon receipt of any notice from the Company of the happening
of any event of the kind described in Section 4(f) hereof or of the commencement of a Blackout Period, such Holder shall discontinue
the disposition of Registrable Securities included in the Registration Statement until such Holder’s receipt of the copies
of the supplemented or amended prospectus contemplated by Section 4(f) hereof or notice of the end of the Blackout Period, and,
if so directed by the Company, such Holder shall deliver to the Company (at the Company’s expense) all copies (including,
without limitation, any and all drafts), other than permanent file copies, then in such Holder’s possession, of the prospectus
covering such Registrable Securities current at the time of receipt of such notice.

 

6.
 Registration Expenses. The Company shall pay all expenses in connection with any registration obligation provided
herein, including, without limitation, all registration, filing, stock exchange fees, printing expenses, all fees and expenses
of complying with applicable securities laws, and the fees and disbursements of counsel for the Company and of its independent
accountants; provided, that, in any registration, each party shall pay for its own underwriting discounts and commissions
and transfer taxes. Except as provided in this Section and Section 9, the Company shall not be responsible for the expenses of
any attorney or other advisor employed by a Holder.

 

7.
 Assignment of Rights. No Holder may assign its rights under this Agreement to any party without the prior written
consent of the Company; provided, however, that any Holder may assign its rights under this Agreement without such consent
to a Permitted Assignee as long as (a) such transfer or assignment is effected in accordance with applicable securities laws;
(b) such transferee or assignee agrees in writing to become subject to the terms of this Agreement; and (c) such Holder notifies
the Company in writing of such transfer or assignment, stating the name and address of the transferee or assignee and identifying
the Registrable Securities with respect to which such rights are being transferred or assigned.

 

8.
 Information by Holder. A Holder with Registrable Securities included in any registration shall furnish to the Company
such information regarding itself, the Registrable Securities held by it, and the intended method of disposition of such securities
as shall be required in order to comply with any applicable law or regulation in connection with the registration of such Holder’s
Registrable Securities or any qualification or compliance with respect to such Holder’s Registrable Securities and referred
to in this Agreement. A form of Selling Stockholder Questionnaire is attached as Exhibit A hereto for such purposes.

 

    	 	A-8	 

    

    

 

9.
 Indemnification.

 

(a)    In
the event of the offer and sale of Registrable Securities under the Securities Act, the Company shall, and hereby does, indemnify
and hold harmless, to the fullest extent permitted by law, each Holder, its directors, officers, partners, each other person who
participates as an underwriter in the offering or sale of such securities, and each other person, if any, who controls or is under
common control with such Holder or any such underwriter within the meaning of Section 15 of the Securities Act, against any losses,
claims, damages or liabilities, joint or several, and expenses to which the Holder or any such director, officer, partner or underwriter
or controlling person may become subject under the Securities Act, the Exchange Act, or any other federal or state law, insofar
as such losses, claims, damages, liabilities or expenses (or actions or proceedings, whether commenced or threatened, in respect
thereof) arise out of or are based upon any untrue statement of any material fact contained in any registration statement prepared
and filed by the Company under which Registrable Securities were registered under the Securities Act, any preliminary prospectus,
final prospectus or summary prospectus contained therein, or any amendment or supplement thereto, or any omission to state therein
a material fact required to be stated or necessary to make the statements therein in light of the circumstances in which they
were made not misleading, or any violation or alleged violation of the Securities Act, the Exchange Act, any state securities
law or any rule or regulation promulgated under the Securities Act, the Exchange Act or any state securities law in connection
with this Agreement; and the Company shall reimburse the Holder, and each such director, officer, partner, underwriter and controlling
person for any legal or any other expenses reasonably incurred by them in connection with investigating, defending or settling
any such loss, claim, damage, liability, action or proceeding; provided, that such indemnity agreement found in this Section
9(a) shall in no event exceed the net proceeds from the Offering, as applicable, received by the Company; and provided further,
that the Company shall not be liable in any such case (i) to the extent that any such loss, claim, damage, liability (or action
or proceeding in respect thereof) or expense arises out of or is based upon an untrue statement in or omission from such registration
statement, any such preliminary prospectus, final prospectus, summary prospectus, amendment or supplement in reliance upon and
in conformity with written information furnished to the Company by the Holder specifically for use in the preparation thereof
or (ii) if the person asserting any such loss, claim, damage, liability (or action or proceeding in respect thereof) who purchased
the Registrable Securities that are the subject thereof did not receive a copy of an amended preliminary prospectus or the final
prospectus (or the final prospectus as amended or supplemented) at or prior to the written confirmation of the sale of such Registrable
Securities to such person because of the failure of such Holder or underwriter to so provide such amended preliminary or final
prospectus and the untrue statement or omission of a material fact made in such preliminary prospectus was corrected in the amended
preliminary or final prospectus (or the final prospectus as amended or supplemented). Such indemnity shall remain in full force
and effect regardless of any investigation made by or on behalf of the Holders, or any such director, officer, partner, underwriter
or controlling person and shall survive the transfer of such shares by the Holder.

 

(b)
    As a condition to including Registrable Securities in any registration statement filed
pursuant to this Agreement, each Holder agrees to be bound by the terms of this Section 9 and to indemnify and hold harmless,
to the fullest extent permitted by law, the Company, its directors and officers, and each other person, if any, who controls the
Company within the meaning of Section 15 of the Securities Act, against any losses, claims, damages or liabilities, joint or several,
to which the Company or any such director or officer or controlling person may become subject under the Securities Act, the Exchange
Act, or any other federal or state law, to the extent arising out of or based solely upon: (x) such Holder’s failure to
comply with the prospectus delivery requirements of the Securities Act or (y) any untrue or alleged untrue statement of a material
fact contained in any registration statement, any prospectus, or any form of prospectus, or in any amendment or supplement thereto
or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required
to be stated therein or necessary to make the statements therein not misleading (i) to the extent, but only to the extent, that
such untrue statement or omission is contained in any information so furnished in writing by such Holder to the Company specifically
for inclusion in the registration statement or such prospectus or (ii) to the extent that (1) such untrue statements or omissions
are based solely upon information regarding such Holder furnished in writing to the Company by such Holder expressly for use therein,
or to the extent that such information relates to such Holder or such Holder’s proposed method of distribution of Registrable
Securities and was reviewed and expressly approved in writing by such Holder expressly for use in the Registration Statement,
such prospectus or such form of prospectus or in any amendment or supplement thereto or (2) in the case of an occurrence of an
event of the type specified in Section 4(f) hereof, the use by such Holder of an outdated or defective prospectus after the Company
has notified such Holder in writing that the prospectus is outdated or defective and prior to the receipt by such Holder of the
advice contemplated in Section 4(f). In no event shall the liability of any selling Holder hereunder be greater in amount than
the dollar amount of the net proceeds received by such Holder upon the sale of the Registrable Securities giving rise to such
indemnification obligation.

 

    	 	A-9	 

    

    

 

(c)
 Promptly after receipt by an indemnified party of notice of the commencement of any action or proceeding involving a claim
referred to in this Section (including any governmental action), such indemnified party shall, if a claim in respect thereof is
to be made against an indemnifying party, give written notice to the indemnifying party of the commencement of such action; provided,
that the failure of any indemnified party to give notice as provided herein shall not relieve the indemnifying party of its obligations
under this Section, except to the extent that the indemnifying party is actually prejudiced by such failure to give notice. In
case any such action is brought against an indemnified party, unless in the reasonable judgment of counsel to such indemnified
party a conflict of interest between such indemnified and indemnifying parties may exist or the indemnified party may have defenses
not available to the indemnifying party in respect of such claim, the indemnifying party shall be entitled to participate in and
to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party and, after notice from the indemnifying
party to such indemnified party of its election so to assume the defense thereof, the indemnifying party shall not be liable to
such indemnified party for any legal or other expenses subsequently incurred by the latter in connection with the defense thereof,
unless in such indemnified party’s reasonable judgment a conflict of interest between such indemnified and indemnifying
parties arises in respect of such claim after the assumption of the defenses thereof or the indemnifying party fails to defend
such claim in a diligent manner, other than reasonable costs of investigation. Neither an indemnified nor an indemnifying party
shall be liable for any settlement of any action or proceeding effected without its consent. No indemnifying party shall, without
the consent of the indemnified party, consent to entry of any judgment or enter into any settlement, which does not include as
an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability
in respect of such claim or litigation. Notwithstanding anything to the contrary set forth herein, and without limiting any of
the rights set forth above, in any event any party shall have the right to retain, at its own expense, counsel with respect to
the defense of a claim.

 

(d)    If
an indemnifying party does or is not permitted to assume the defense of an action pursuant to Sections 9(c) or in the case of
the expense reimbursement obligation set forth in Sections 9(a) and (b), the indemnification required by Sections 9(a) and 9(b)
shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills
received or expenses, losses, damages, or liabilities are incurred.

 

    	 	A-10	 

    

    

 

(e)    If
the indemnification provided for in Section 9(a) or 9(b) is held by a court of competent jurisdiction to be unavailable to an
indemnified party with respect to any loss, liability, claim, damage or expense referred to herein, the indemnifying party, in
lieu of indemnifying such indemnified party hereunder, shall (i) contribute to the amount paid or payable by such indemnified
party as a result of such loss, liability, claim, damage or expense as is appropriate to reflect the proportionate relative fault
of the indemnifying party on the one hand and the indemnified party on the other (determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or omission relates to information supplied by the indemnifying
party or the indemnified party and the parties’ relative intent, knowledge, access to information and opportunity to correct
or prevent such untrue statement or omission), or (ii) if the allocation provided by clause (i) above is not permitted by applicable
law or provides a lesser sum to the indemnified party than the amount hereinafter calculated, not only the proportionate relative
fault of the indemnifying party and the indemnified party, but also the relative benefits received by the indemnifying party on
the one hand and the indemnified party on the other, as well as any other relevant equitable considerations. No indemnified party
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution
from any indemnifying party who was not guilty of such fraudulent misrepresentation.

 

(f)    Other
Indemnification. Indemnification similar to that specified in this Section (with appropriate modifications) shall be given
by the Company and each Holder of Registrable Securities with respect to any required registration or other qualification of securities
under any federal or state law or regulation or governmental authority other than the Securities Act.

 

10.
 Rule 144. With a view to making available to the Holders the benefits of Rule 144 and any other rule or regulation
of the Commission that may at any time permit the Holders to sell the Registrable Securities to the public without registration,
the Company agrees: (i) to make and keep public information available as those terms are understood in Rule 144, (ii) to file
with the Commission in a timely manner all reports and other documents required to be filed by an issuer of securities registered
under the Securities Act or the Exchange Act pursuant to Rule 144, (iii) as long as any Holder owns any Registrable Securities,
to furnish in writing upon such Holder’s request a written statement by the Company that it has complied with the reporting
requirements of Rule 144 and of the Securities Act and the Exchange Act, and to furnish to such Holder a copy of the most recent
annual or quarterly report of the Company, and such other reports and documents so filed by the Company as may be reasonably requested
in availing such Holder of any rule or regulation of the Commission permitting the selling of any such Registrable Securities
without registration and (iv) undertake any additional actions commercially reasonably necessary to maintain the availability
of the use of Rule 144.

 

11.
 Corporate Existence. After the date of this Agreement and prior to the effectiveness of the Registration Statement,,
the Company shall not directly or indirectly consummate any merger, reorganization, restructuring, reverse stock split, consolidation,
sale of all or substantially all of the Company’s assets or any similar transaction or related transactions (each such transaction,
an “Organizational Change”), unless, prior to the consummation of an Organizational Change, the Company obtains
the written consent of the Majority Holders.

 

    	 	A-11	 

    

    

 

12.
 Independent Nature of Each Purchaser’s Obligations and Rights. The obligations of each Purchaser under this
Agreement are several and not joint with the obligations of any other Purchaser, and each Purchaser shall not be responsible in
any way for the performance of the obligations of any other Purchaser under this Agreement. Nothing contained herein and no action
taken by any Purchaser pursuant hereto, shall be deemed to constitute such Purchasers as a partnership, an association, a joint
venture, or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group
with respect to such obligations or the transactions contemplated by this Agreement. Each Purchaser shall be entitled to independently
protect and enforce its rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary
for any other Purchaser to be joined as an additional party in any proceeding for such purpose.

 

13.
 Other Registration Rights. After the date of this Agreement and prior to the effectiveness of the Registration Statement,
the Company shall not, without the prior written consent of the Majority Holders, enter into any agreement with any holder or
prospective holder of any securities of the Company that would grant such holder registration rights senior or equal to those
granted to the Holders hereunder.

 

14.
 Miscellaneous.

 

(a)
 Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement
shall be determined in accordance with the provisions of the Subscription Agreement.

 

(b)
 Remedies. In the event of a breach by the Company or by a Holder of any of their respective obligations under this
Agreement, each Holder or the Company, as the case may be, in addition to being entitled to exercise all rights granted by law
and under this Agreement, including recovery of damages, shall be entitled to specific performance of its rights under this Agreement.
The Company and each Holder agree that monetary damages would not provide adequate compensation for any losses incurred by reason
of a breach by it of any of the provisions of this Agreement and hereby further agrees that, in the event of any action for specific
performance in respect of such breach, it shall not assert or shall waive the defense that a remedy at law would be adequate.

 

(c)
 Successors and Assigns. Except as otherwise provided herein, the provisions hereof shall inure to the benefit of,
and be binding upon, the successors, Permitted Assignees, executors and administrators of the parties hereto.

 

(d)
 No Inconsistent Agreements. The Company has not entered, as of the date hereof, and shall not enter, on or after
the date of this Agreement, into any agreement with respect to its securities that would have the effect of impairing the rights
granted to the Holders in this Agreement or otherwise conflicts with the provisions hereof.

 

(e)Entire
Agreement.This Agreement constitutes the full and entire understanding and agreement between the parties with regard to
the subjects hereof.

 

(f)
Notices, etc. Any and all notices or other communications or deliveries required or permitted to be provided hereunder
shall be delivered as set forth in the Subscription Agreement or as otherwise provided herein.

 

    	 	A-12	 

    

    

 

(g)
Delays or Omissions. No delay or omission to exercise any right, power or remedy accruing to any Holder, upon any breach
or default of the Company under this Agreement, shall impair any such right, power or remedy of such Holder nor shall it be construed
to be a waiver of any such breach or default, or an acquiescence therein, or of any similar breach or default thereunder occurring;
nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter
occurring. Any waiver, permit, consent or approval of any kind or character on the part of any Holder of any breach or default
under this Agreement, or any waiver on the part of any Holder of any provisions or conditions of this Agreement, must be in writing
and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement, or
by law or otherwise afforded to any holder, shall be cumulative and not alternative.

 

(h)
 Omnibus Signature Page. This Agreement is intended to be read and construed in conjunction with the Subscription
Agreement in connection with the Offering. Accordingly, it is hereby agreed that the execution by the Purchaser of the Subscription
Agreement, in the place set forth therein, shall constitute agreement to be bound by the terms and conditions thereof and the
terms and conditions of this Agreement, with the same effect as if each of such separate but related agreement were separately
signed.

 

(i)
 Severability. In the case any provision of this Agreement shall be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

(j)
 Amendments. The provisions of this Agreement may be amended at any time and from time to time, and particular provisions
of this Agreement may be waived, with and only with an agreement or consent in writing signed by the Company and the Majority
Holders. The Purchasers acknowledge that by the operation of this Section, the Majority Holders may have the right and power to
diminish or eliminate all rights of the Purchasers under this Agreement.

 

[SIGNATURE
PAGES FOLLOW]

 

    	 	A-13	 

    

    

 

This
Registration Rights Agreement is hereby executed as of the date first above written.

 

	 	COMPANY:
	 	FMC
    GlobalSat Holdings, Inc.
	 	 	 
	 	By:
    	 
	 	Name:
    	Sean
    Martin
	 	Title:
    	Chief
    Executive Officer

 

THE
PURCHASER’S SIGNATURE TO THE SUBSCRIPTION AGREEMENT DATED OF EVEN DATE HEREWITH SHALL CONSTITUTE THE PURCHASER’S SIGNATURE
TO THIS REGISTRATION RIGHTS AGREEMENT.

 

    	 	A-14	 

    

    

 

Exhibit
A

 

FMC
GLOBALSAT HOLDINGS, INC. 

SELLING
STOCKHOLDERS’ QUESTIONNAIRE

 

The
following information is requested from you in connection with the preparation and filing by FMC GlobalSat Holdings, Inc. (the
“Company”) of a Registration Statement on Form S-1 or other appropriate form (the “Registration Statement”)
with the Securities and Exchange Commission (the “SEC”) covering the sale of shares of the Company’s common
stock, including shares of common stock underlying Warrants (the “Registrable Securities”) by certain stockholders
of the Company.

 

We
would appreciate your answering all of the questions included in this questionnaire, even though your answers may be in the negative,
so that the Company will have a record of your responses for use in connection with the preparation of the Registration Statement.
It is requested that you give careful attention to each question and that you complete this questionnaire personally.

 

In
order to assist you in completing this questionnaire, certain terms used herein are defined in the appendix which is attached
to this questionnaire. Each of such defined terms has been bolded and italicized for identification. The term “person,”
as used in this questionnaire, means any natural person, company, government or political subdivision, agency or instrumentality
of a government.

 

After
you have completed the following questionnaire, please send the completed questionnaire to the Company by overnight courier as
soon as possible to the attention of Sean Martin, CEO.

 

*********************

 

General
Information

 

	1.	Please provide your
full name and address or the full name and address of the entity on whose behalf you are completing this questionnaire. The address
may be a business, mailing or residence address.

 

	Name:	 
	 	 
	Address:	 

 

	2.	Name the Control Person of your organization: 	 

 

	3.	 (a) Are you a broker-dealer registered pursuant
to Section 15 of the Exchange Act?

 

☐  Yes.

☐  No.

 

    	 	A-15	 

    

    

 

(b)    
If your response to Item 3(a) above is no, are you an "affiliate" of a broker-dealer registered pursuant to Section
15 of the Exchange Act?

 

☐ 
Yes.

☐  No.

 

For
the purposes of this Item 3(b), an "affiliate" of a registered broker-dealer shall include any company that directly,
or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, such broker-dealer,
and does not include any individuals employed by such broker-dealer or its affiliates.

 

(c)    Full
legal name of person through which you hold the Registrable Securities—(i.e. name of your broker, if applicable, through
which your Registered Securities are held):

 

	 	Name
    of broker:	 
	 	 	 
	 	Contact
    person:	 
	 	 	 
	 	Telephone
    No.:	 

 

Securities
Holdings

 

Please
fill in all blanks in the following questions related to your beneficial ownership of the Company’s common
stock. Generally, the term “beneficial ownership” refers to any direct or indirect interest in the securities
which entitles you to any of the rights or benefits of ownership, even though you may not be the holder of record of the securities.
For example, securities held in “street name” over which you exercise voting or investment power would be considered
beneficially owned by you. Other examples of indirect ownership include ownership by a partnership in which you
are a partner or by an estate or trust of which you or any member of your immediate family is a beneficiary. Ownership
of securities held in the names of your spouse, minor children or other relatives who live in the same household may be attributed
to you.

 

If
you have any reason to believe that any interest in securities of the Company which you may have, however remote, is a beneficial
interest, please describe such interest. For purposes of responding to this questionnaire, it is preferable to err on the side
of inclusion rather than exclusion. Where the SEC’s interpretation of beneficial ownership would require disclosure
of your interest or possible interest in certain securities of the Company, and you believe that you do not actually possess the
attributes of beneficial ownership, an appropriate response is to disclose the interest and at the same time disclaim
beneficial ownership of the securities.

 

Please
indicate the amount of common stock of the Company or any of its subsidiaries which you beneficially owned as of
the date hereof.

 

    	 	A-16	 

    

    

 

For each holding:

 

		●	State
                                         the nature of the holding (i.e., held in your own name, jointly, as a trustee
                                         or beneficiary of a trust, as a custodian, as an executor, in discretionary accounts,
                                         by your spouse or minor children, by a partnership of which you are a partner, etc.),
                                         and
	 	 	 
		●	State
                                         whether you are the beneficial owner by reason of (i) sole voting power,
                                         (ii) shared voting power, (iii) sole investment power, (iv) shared investment power,
                                         (v) the right to acquire stock within 60 days of the end of the calendar year, and/or
                                         (vi) the right to acquire stock with the purpose of changing or influencing control.
	 	 	 
		●	Indicate
                                         in the Remarks column whether you have sole or shared voting or investment power with
                                         respect to any such securities, and in what capacity (i.e., individual, general
                                         partner, trustee) you have such power or powers.
	 	 	 
		●	If
                                         you wish to disclaim beneficial ownership of any shares listed, so indicate
                                         by writing the word “Disclaim” in the Remarks column below; you understand
                                         that such shares will be shown separately from your beneficial holdings and an appropriate
                                         disclaimer set forth.
	 	 	 
		●	If
                                         any of the shares listed are subject to any claim, encumbrance, pledge or lien, so indicate
                                         in the Remarks column.

 

	1.	 Your Interest in the Registrable Securities.

 

(a)    State
the number of such Registrable Securities beneficially owned by you.

 

(b)    
Other than as set forth in your response to Item 1(a) above, do you beneficially own any other securities of the Company?

 

☐
Yes.

 

☐ No.

 

(c)    If
your answer to Item 1(b) above is yes, state the type, the aggregate amount and CUSIP No. (if applicable) of such other securities
of the Company beneficially owned by you:

 

	 	Type:	 
	 	 	 
	 	Aggregate
    amount:	 
	 	 	 
	 	CUSIP
    No.:	 

 

    	 	A-17	 

    

    

 

(d)
 Did you acquire the securities listed in Item 1(a) above in the ordinary course of business?

 

☐ Yes.

 

☐ No.

 

(e)
At the time of your purchase of the securities listed in Item 1(a) above, did you have any agreements or understandings,
directly or indirectly, with any person to distribute the securities?

 

☐
Yes.

 

☐
No.

 

(f)
    If your response to Item 1(e) above is yes, please describe such agreements or understandings:

 

 

 

 

 

 

 

	2.	Nature of Your Beneficial Ownership.

 

(a)
Does someone other than yourself have Control over the securities listed in Item 1(a) above?

 

☐ Yes.

☐ No.

 

(b)
 If your response to Item 2(a) above is yes, name your controlling shareholder(s) or other person who has the ability to
exercise control over you (the "Controlling Entity"). If the Controlling Entity is not a natural person and is not
a publicly held entity, name each shareholder of such Controlling Entity. If any of these named shareholders are not natural
persons or publicly held entities, please provide the same information. This process should be repeated until you reach
natural persons or a publicly held entity.

 

	 	(A)(i)	Full legal name of Controlling Entity(ies) or natural
person(s) with who have sole or shared voting or dispositive power over the Registrable Securities:

 

Business
address (including street address) (or residence if no business address), telephone number and facsimile number of such person(s):

 

	 	Address:	 

 

	 	Telephone:	 

 

	 	Fax:	 

 

	 	Name of shareholder:;
	 	 	 
	 	 	 

 

    	 	A-18	 

    

    

 

	 	(B)(i)	Full legal name of Controlling Entity(ies):
	 	 	 

 

Business
address (including street address) (or residence if no business address), telephone number and facsimile number of such person(s):

 

	 	Address:	 

 

	 	Telephone:	 

 

	 	Fax:	 

 

	 	Name of shareholder:;	 

 

If
you need more space for this response, please attach additional sheets of paper. Please be sure to indicate your name and the
number of the item being responded to on each such additional sheet of paper, and to sign each such additional sheet of paper
before attaching it to this Questionnaire. Please note that you may be asked to answer additional questions depending on your
responses to the following questions.

 

	3.	5% Stockholders

 

To
the best of my knowledge, all persons (including myself and my associates and including corporations, partnerships,
trusts, associations and other such groups) who beneficially own more than 5% of any class of the Company’s
stock are described below:

 

	Name of	 	Class of Shares	 	Holder of
	Beneficial	 	Beneficially	 	Voting or
	Owner	 	Owned	 	Investment Power
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

    	 	A-19	 

    

    

 

	4.	No Adverse Interest

 

All
interests I or my associates have or will have that are adverse to the Company interests in any pending or contemplated
legal proceeding or government investigation to which the Company is or will be a party (or to which its property may be subject)
are described below:

 

	5.	Voting Arrangement

 

All
voting trusts or similar agreements or arrangements of which I have knowledge under which more than 5% of the Company’s
outstanding common stock, on an as converted basis, is held or to be held are described below:

 

	Names and Addresses of Voting Trustees	 	
        Voting Rights and Other Powers

        Under Trust, Agreement or Arrangement

	 	 	 
	 	 	 
	 	 	 

 

	6.	 Change in Control

 

All
arrangements of which I have knowledge, including any pledge by any person of securities of the Company, the operations
of which may at a subsequent date result in a change in control of the Company, are described below:

 

    	 	A-20	 

    

    

 

Transactions
With The Company

 

1.
 Information regarding all material interests of yours or your associates in any actual or proposed transaction
during the last three fiscal years to which the Company was or is to be a party and that are identified under “Securities
Holdings” above) is provided below. Further, no such transaction need be described if:

 

(a)
 the amount involved (including all periodic installments in the case of any lease or other agreement provided for
periodic payments or installments and including the value of all transactions In a series of similar transactions) does not
exceed $60,000;

 

(b)
 the rates or charges involved in the transaction are fixed by law or governmental authority or determined by
competitive bids;

 

(c)
 the services involved are as a bank depositary of funds, transfer agent, registrar, trustee under a trust indenture or
other similar service;

 

(d)
 my interest arises solely from my ownership of securities of the Company and I received no extra or special benefit not
shared on a pro rata basis by all other holders of securities in the same class;

 

(e)
 my interest in the corporation that is a party to the transaction is solely as a director; or

 

(f)
 my interest arose solely as an officer and/or director of the Company (e.g., my compensation arrangement with the
Company).

 

Description:

 

Affiliation
With Accountants Or Attorneys

 

Described
below is any interest, affiliation or connection you have with any law firm or accounting firm that has been retained by the Company
during the last three fiscal years or is proposed to be retained by the Company:

 

    	 	A-21	 

    

    

 

Contracts
With The Company

 

Described
below are all contracts with the Company or in which the Company has a beneficial interest, or to which the Company has succeeded
by assumption or assignment, to which you or any of your associates is a party, which are to be performed in whole
or in part at or after the date of the proposed filing of the Registration Statement, or which were made not more than two years
prior thereto:

 

    	 	A-22	 

    

    

 

FINRA-Related
Questions

 

1.
 Are you (i) a “member” of the Financial Industries Regulatory Authority, Inc. (“FINRA”), (ii)
an “affiliate” of a member of the FINRA, (iii) a “person associated with a member” or
“associated person of a member” of the FINRA or (iv) associated with an “underwriter or related
person” with respect to the proposed public offering of the Company’s securities?

 

Yes ☐       No  ☐

 

For
the sole purpose of this Question: (i) the FINRA defines a “member” as being either any broker or dealer admitted
to membership in the FINRA or any officer or partner of such a member or the executive representative of such member or the substitute
for such representative; (ii) the term “affiliate” means a person that directly, or indirectly through one or more
intermediaries, controls, or is controlled by, or is in common control with the person specified. Persons who have acted or are
acting on behalf or for the benefit of a person include, but are not necessarily limited to, directors, officers, employees, agents,
consultants and sales representatives; (iii) the FINRA defines a “person associated with a member” or “associated
person of a member” as being every sole proprietor, partner, officer, director or branch manager of any member, or any natural
person occupying a similar status or performing similar functions, or any natural person engaged in the investment banking or
securities business who is directly or indirectly controlling or controlled by such member (for example, any employee), whether
or not any such person is registered or exempt from registration with the FINRA; and (iv) the term “underwriter or related
person” includes, with respect to a proposed offering, underwriters, underwriters’ counsel, financial consultants
and advisers, finders, members of the selling or distribution group, and any and all other persons associated with or related
to any such persons.

 

If
yes, kindly describe such relationship (whether direct or indirect) and please respond to Questions (2) and (3) below; if no,
please proceed to Question (4).

 

2.    Please
set forth information as to all purchases and acquisitions (including contracts for

purchase
or acquisition) of securities of the Company by you, regardless of the time acquired or the source from which derived:

 

	Seller or	 	Amount and	 	Price or Other	 	 
	Prospective Seller	 	Nature of Securities	 	Consideration	 	Date
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

3.
 In connection with your direct or indirect affiliation or association with a “member” of the FINRA as set
forth above in Question (1), please furnish the identity of such FINRA member and any information, if known, as to whether
such FINRA member intends to participate in any capacity in this proposed initial public offering, including the details of
such participation:

 

4.
 Please describe any underwriting compensation and arrangement or any dealings known to you between any
“underwriter or related person”, “member” of the FINRA, “affiliate” of a member of the
FINRA, “person associated with a member”, or “associated person of a member” of the FINRA on the one
hand and the Company or controlling shareholder thereof on the other hand, other than information relating to the proposed
initial public offering of the Company:

 

5.
 Please set out below any information, if known, as to whether any “member” of the FINRA, any
“underwriter or related person”, “affiliate” or a member of the FINRA, “person associated with
a member” or “associated person of a member” of the FINRA may receive any portion of the net
offering:

 

For
subscribers answering “Yes” to Item 1 above:

 

The
undersigned FINRA member form acknowledges receipt of the notice required by Article

 

3,
Sections 28(a) and (b) of the Rules of Fair Practice.

 

 

 

Name
of FINRA Member Firm

 

	By:
    	 	 	Date:	 
		Authorized Officer	 	 	 

 

    	 	A-23	 

    

    

 

The
undersigned (including its donees or pledgees) intends to distribute the Registrable Securities listed above pursuant to the Registration
Statement only as follows (if at all): Such Registrable Securities may be sold from time to time directly by the undersigned or,
alternatively, through underwriters, broker-dealers or agents. If the Registrable Securities are sold through underwriters, broker-dealers
or agents, the Selling Holder will be responsible for underwriting discounts or commissions or agents' commissions. Such Registrable
Securities may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of sale, at varying
prices determined at the time of sale or at negotiated prices. Such sales may be effected in transactions (which may involve block
transactions) (i) on any national securities exchange or quotation service on which the Registrable Securities may be listed or
quoted at the time of sale, (ii) in the over-the-counter market, or (iii) in transactions otherwise than on such exchanges or
services or in the over-the-counter market.

 

I
understand that material misstatements or the omission of material facts in the Registration Statement may give rise to civil
and criminal liabilities to the Company, to each officer and director of the Company signing the Registration Statement and other
persons signing the Registration Statement. I will notify you and the Company of any misstatement of a material fact in the Registration
Statement or any amendment thereto, and of the omission of any material fact necessary to make the statements contained therein
not misleading, as soon as practicable after a copy of the Registration Statement or any such amendment has been provided to me.

 

I
confirm that the foregoing statements are correct, to the best of my knowledge and belief.

 

Dated:
_____________________.

 

	 	Very
    truly yours,
	 	 
	 	 
	 	(Signature)
	 	 
	 	 
	 	(Typed
    or Printed Name)

 

    	 	A-24	 

    

    

 

DEFINITIONS

 

The
term “arrangement” means any plan, contract, authorization or understanding whether or not set forth
in a formal document.

 

The
term “associate” as used throughout this questionnaire, means (a) any corporation or organization (other
than the Company) of which I am an officer, director or partner or of which I am, directly or indirectly, the beneficial owner
of 5% or more of any class of equity securities, (b) any trust or other estate in which I have a substantial beneficial interest
or as to which I serve as trustee or in a similar capacity, (c) my spouse, (d) any relative of my spouse or any relative of mine
who has the same home as me or who is a director or officer or key executive of the Company, (e) any partner, syndicate member
or person with whom I have agreed to act in concert with respect to the acquisition, holding, voting or disposition of shares
of the Company’s securities.

 

The
term “beneficially owned” when used in connection with the ownership of securities, means (a) any interest
in a security which entitles me to any of the rights or benefits of ownership even though I may not be the owner of record or
(b) securities owned by me directly or indirectly, including those held by me for my own benefit (regardless of how registered)
and securities held by others for my benefit (regardless of how registered), such as by custodians, brokers, nominees, pledgees,
etc., and including securities held by an estate or trust in which I have an interest as legatee or beneficiary, securities owned
by a partnership of which I am a partner, securities held by a personal holding company of which I am a stockholder, etc., and
securities held in the name of my spouse, minor children and any relative (sharing the same home). A “beneficial owner”
of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship
or otherwise has or shares:

 

(a)
 voting power which includes the power to vote, or to direct the voting of, such security; and/or

 

(b)
 investment power which includes the power to dispose, or to direct the disposition, of such security.

 

The
term “control” means the possession, directly or indirectly, of the power to direct or cause the direction
of the management and policies of a person, whether through the ownership of voting securities, by contract or otherwise.

 

The
term “immediate family” means any relationship by blood, marriage or adoption, not more remote than
first cousin.

 

The
term “material,” when used in this questionnaire to qualify a requirement for the furnishing of information
as to any subject, limits the information required to those matters as to which an average prudent investor ought reasonably to
be informed before purchasing the Common Stock of the Company.

 

    	 	A-25Exhibit 10.2

 

FMC
GLOBALSAT HOLDINGS, INC.

 

2017
EQUITY INCENTIVE PLAN

 

1. Purposes
of the Plan. The purposes of this Plan are:

 

		●	to
                                         attract and retain the best available personnel for positions of substantial responsibility,

 

		●	to
                                         provide incentives to individuals who perform services for the Company, and

 

		●	to
                                         promote the success of the Company’s business.

 

The
Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted
Stock Units, Performance Units, Performance Shares and other stock or cash awards as the Administrator may determine.

 

2. Definitions.
As used herein, the following definitions will apply:

 

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

 

(b) “Affiliate”
means any corporation or any other entity (including, but not limited to, partnerships and joint ventures) controlling, controlled
by, or under common control with the Company.

 

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

 

(d) “Award”
means, individually or collectively, a grant under the Plan of Options, Stock Appreciation Rights, Restricted Stock, Restricted
Stock Units, Performance Units, Performance Shares and other stock or cash awards as the Administrator may determine.

 

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

 

(f) “Board”
means the Board of Directors of the Company.

 

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

 

		(i)	A
                                         change in the ownership of the Company which occurs on the date that any one person,
                                         or more than one person acting as a group (“Person”), acquires ownership
                                         of stock in the Company that, together with the stock already held by such Person, constitutes
                                         more than 50% of the total voting power of the stock of the Company; provided, however,
                                         that for purposes of this subsection (i), the acquisition of additional stock by any
                                         Person who is considered to own more than 50% of the total voting power of the stock
                                         of the Company before the acquisition will not be considered a Change in Control; or

 

     

     

    

 

		(ii)	A
                                         change in the effective control of the Company, which occurs on the date that a majority
                                         of the members of the Board are replaced during any twelve (12) month period by Directors
                                         whose appointment or election is not endorsed by a majority of the members of the Board
                                         prior to the date of the appointment or election. For purposes of this subsection (ii),
                                         if any Person is considered to effectively control the Company, the acquisition of additional
                                         control of the Company by the same Person will not be considered a Change in Control;
                                         or

 

		(iii)	A
                                         change in the ownership of a substantial portion of the Company’s assets, which
                                         occurs on the date that any Person acquires (or has acquired during the twelve (12) month
                                         period ending on the date of the most recent acquisition by such Person) assets from
                                         the Company that have a total gross fair market value equal to or more than 50% of the
                                         total gross fair market value of all of the assets of the Company immediately prior to
                                         such acquisition or acquisitions; provided, however, that for purposes of this subsection
                                         (iii), the following will not constitute a change in the ownership of a substantial portion
                                         of the Company’s assets or a Change in Control: (A) a transfer to an entity that
                                         is controlled by the Company’s stockholders immediately after the transfer, or
                                         (B) a transfer of assets by the Company to: (1) a stockholder of the Company (immediately
                                         before the asset transfer) in exchange for or with respect to the Company’s stock,
                                         (2) an entity, 50% or more of the total value or voting power of which is owned, directly
                                         or indirectly, by the Company, (3) a Person that owns, directly or indirectly, 50% or
                                         more of the total value or voting power of all the outstanding stock of the Company,
                                         or (4) an entity, at least 50% of the total equity or voting power of which is owned,
                                         directly or indirectly, by a Person described in subsection (iii)(B)(3) above. For purposes
                                         of this subsection (iii), gross fair market value means the value of the assets of the
                                         Company, or the value of the assets being disposed of, determined without regard to any
                                         liabilities associated with such assets.

 

Notwithstanding
the foregoing, as to any Award under the Plan that consists of deferred compensation subject to Section 409A of the Code, the
definition of “Change in Control” shall be deemed modified to the extent necessary to comply with Section 409A of
the Code.

 

For
purposes of this Section 2(g), persons will be considered to be acting as a group if they are owners of a corporation or other
entity that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company.

 

(h) “Code”
means the Internal Revenue Code of 1986, as amended. Any reference to a section of the Code herein will be a reference to any
successor or amended section of the Code.

 

    	 	2	 

     

    

 

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

 

(j) “Common
Stock” means the common stock, $.001 par value per share, of the Company.

 

(k) “Company”
means FMC GlobalSat Holdings, Inc., a Delaware corporation, or any successor thereto.

 

(l) “Consultant”
means any person, including an advisor, engaged by the Company or a Parent, Subsidiary or Affiliate to render services to the
Company or a Subsidiary.

 

(m) “Determination
Date” means the latest possible date that will not jeopardize the qualification of an Award granted under the Plan as
“performance-based compensation” under Section 162(m) of the Code.

 

(n) “Director”
means a member of the Board.

 

(o) “Disability”
means permanent and total disability as defined in Section 22(e)(3) of the Code, provided that in the case of Awards other
than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists
in accordance with uniform and non-discriminatory standards adopted by the Administrator from time to time.

 

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

 

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

 

(r) “Exchange
Program” means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards of the
same type (which may have lower exercise prices and different terms), Awards of a different type, and/or cash, (ii) Participants
would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by
the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced. The Administrator will determine the terms
and conditions of any Exchange Program in its sole discretion.

 

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

 

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

 

    	 	3	 

     

    

 

(ii) If
the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value
of a Share will be the mean between the high bid and low asked prices for the Common Stock on the day of determination (or, if
no bids and asks were reported on that date, as applicable, on the last trading date such bids and asks were reported), as reported
in The Wall Street Journal or such other source as the Administrator deems reliable; or

 

(iii) In
the absence of an established market for the Common Stock, or if such Common Stock is not regularly quoted or does not have sufficient
trades or bid prices which would accurately reflect the actual Fair Market Value of the Common Stock, the Fair Market Value will
be determined in good faith by the Administrator upon the advice of a qualified valuation expert.

 

(t) “Fiscal
Year” means the fiscal year of the Company.

 

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

 

(v) “Nonstatutory
Stock Option” means an Option that by its terms does not qualify or is not intended to qualify as an Incentive Stock
Option.

 

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

 

(x) “Option”
means a stock option granted pursuant to Section 6 hereof.

 

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

 

(z) “Participant”
means the holder of an outstanding Award.

 

(aa) “Performance
Goals” will have the meaning set forth in Section 11 hereof.

 

(bb) “Performance
Period” means any Fiscal Year of the Company or such other period as determined by the Administrator in its sole discretion.

 

(cc) “Performance
Share” means an Award denominated in Shares which may be earned in whole or in part upon attainment of Performance Goals
or other vesting criteria as the Administrator may determine pursuant to Section 10 hereof.

 

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

 

    	 	4	 

     

    

 

(ee) “Period
of Restriction” means the period during which transfers of Shares of Restricted Stock are subject to restrictions and,
therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time,
the achievement of target levels of performance, or the occurrence of other events as determined by the Administrator.

 

(ff) “Plan”
means this 2017 Equity Incentive Plan.

 

(gg) “Restricted
Stock” means Shares issued pursuant to an Award of Restricted Stock under Section 8 hereof, or issued pursuant
to the early exercise of an Option.

 

(hh) “Restricted
Stock Unit” means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant
to Section 9 hereof. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.

 

(ii) “Rule
16b-3” means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised
with respect to the Plan.

 

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

 

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

 

(ll) “Share”
means a share of the Common Stock, as adjusted in accordance with Section 15 hereof.

 

(mm) “Stock
Appreciation Right” means an Award, granted alone or in connection with an Option, that pursuant to Section 7 is
designated as a Stock Appreciation Right.

 

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

 

3. Stock Subject to the Plan.

 

(a) Subject
to the provisions of Section 15 hereof, the maximum aggregate number of Shares that may be awarded and sold under the Plan
is 1,000,000 Shares. The Shares may be authorized, but unissued, or reacquired Common Stock.

 

(b) Lapsed
Awards. If an Award expires or becomes unexercisable without having been exercised in full, is surrendered pursuant to an
Exchange Program, or, with respect to Restricted Stock, Restricted Stock Units, Performance Shares or Performance Units, is forfeited
to or repurchased by the Company, the unpurchased Shares (or for Awards other than Options and Stock Appreciation Rights, the
forfeited or repurchased Shares) which were subject thereto will become available for future grant or sale under the Plan (unless
the Plan has terminated). Upon exercise of a Stock Appreciation Right settled in Shares, the gross number of Shares covered by
the portion of the Award so exercised will cease to be available under the Plan. Shares that have actually been issued under the
Plan under any Award will not be returned to the Plan and will not become available for future distribution under the Plan; provided,
however, that if unvested Shares of Restricted Stock, Restricted Stock Units, Performance Shares or Performance Units are repurchased
by the Company or are forfeited to the Company, such Shares will become available for future grant under the Plan. Shares used
to pay the tax and/or exercise price of an Award will become available for future grant or sale under the Plan. To the extent
an Award under the Plan is paid out in cash rather than Shares, such cash payment will not result in reducing the number of Shares
available for issuance under the Plan. Notwithstanding the foregoing provisions of this Section 3(b), subject to adjustment provided
in Section 14 hereof, the maximum number of Shares that may be issued upon the exercise of Incentive Stock Options will equal
the aggregate Share number stated in Section 3(a) above, plus, to the extent allowable under Section 422 of the Code,
any Shares that become available for issuance under the Plan under this Section 3(b).

 

    	 	5	 

     

    

 

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

 

(d) Limitation
on Number of Shares Subject to Awards. Notwithstanding any provision in the Plan to the contrary, the maximum aggregate number
of Shares with respect to one or more Awards that may be granted to any one person during any calendar year (measured from the
date of any grant) shall be 100,000 and the maximum aggregate amount of cash that may be paid in cash during any calendar year
(measured from the date of any payment) with respect to one or more Awards payable in cash shall be $100,000.

 

4. Administration
of the Plan.

 

(a) Procedure.

 

		(i)	Multiple
                                         Administrative Bodies. Different Committees with respect to different groups of Service
                                         Providers may administer the Plan.

 

		(ii)	Section 162(m).
                                         To the extent that the Administrator determines it to be desirable to qualify Awards
                                         granted hereunder as “performance-based compensation” within the meaning
                                         of Section 162(m) of the Code, the Plan will be administered by a Committee of two
                                         (2) or more “outside directors” within the meaning of Section 162(m)
                                         of the Code.

 

		(iii)	Rule
                                         16b-3. To the extent desirable to qualify transactions hereunder as exempt under
                                         Rule 16b-3, the transactions contemplated hereunder will be structured to satisfy the
                                         requirements for exemption under Rule 16b-3.

 

		(iv)	Other
                                         Administration. Other than as provided above, the Plan will be administered by (A) the
                                         Board or (B) a Committee, which committee will be constituted to satisfy Applicable
                                         Laws.

 

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

 

		(i)	to
                                         determine the Fair Market Value;

 

    	 	6	 

     

    

 

		(ii)	to
                                         select the Service Providers to whom Awards may be granted hereunder;

 

		(iii)	to
                                         determine the number of Shares to be covered by each Award granted hereunder;

 

		(iv)	to
                                         approve forms of Award Agreements for use under the Plan;

 

		(v)	to
                                         determine the terms and conditions, not inconsistent with the terms of the Plan, of any
                                         Award granted hereunder;

 

		(vi)	to
                                         institute an Exchange Program and to determine the terms and conditions, not inconsistent
                                         with the terms of the Plan, for (1) the surrender or cancellation of outstanding Awards
                                         in exchange for Awards of the same type, Awards of a different type, and/or cash, (2)
                                         the transfer of outstanding Awards to a financial institution or other person or entity,
                                         or (3) the reduction of the exercise price of outstanding Awards;

 

		(vii)	to
                                         construe and interpret the terms of the Plan and Awards granted pursuant to the Plan;

 

		(viii)	to
                                         prescribe, amend and rescind rules and regulations relating to the Plan, including rules
                                         and regulations relating to sub-plans established for the purpose of satisfying applicable
                                         foreign laws or for qualifying for favorable tax treatment under applicable foreign laws;

 

		(ix)	to
                                         modify or amend each Award (subject to Section 20(c) hereof), including but not
                                         limited to the discretionary authority to extend the post-termination exercisability
                                         period of Awards;

 

		(x)	to
                                         allow Participants to satisfy withholding tax obligations in a manner described in Section
                                         16 hereof;

 

		(xi)	to
                                         authorize any person to execute on behalf of the Company any instrument required to effect
                                         the grant of an Award previously granted by the Administrator;

 

		(xii)	to
                                         allow a Participant to defer the receipt of the payment of cash or the delivery of Shares
                                         that would otherwise be due to such Participant under an Award pursuant to such procedures
                                         as the Administrator may determine; and

 

		(xiii)	to
                                         make all other determinations deemed necessary or advisable for administering the Plan.

 

(c) Effect
of Administrator’s Decision. The Administrator’s decisions, determinations, and interpretations will be final
and binding on all Participants and any other holders of Awards.

 

    	 	7	 

     

    

 

5. Eligibility.
Nonstatutory Stock Options, Restricted Stock, Restricted Stock Units, Stock Appreciation Rights, Performance Units, Performance
Shares, and such other cash or stock awards as the Administrator determines may be granted to Service Providers. Incentive Stock
Options may be granted only to Employees.

 

6. Stock
Options.

 

(a) Limitations.

 

		(i)	Each
                                         Option will be designated in the Award Agreement as either an Incentive Stock Option
                                         or a Nonstatutory Stock Option. However, notwithstanding such designation, to the extent
                                         that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock
                                         Options are exercisable for the first time by the Participant during any calendar year
                                         (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000 (U.S.),
                                         such Options will be treated as Nonstatutory Stock Options. For purposes of this Section 6(a),
                                         Incentive Stock Options will be taken into account in the order in which they were granted.
                                         The Fair Market Value of the Shares will be determined as of the time the Option with
                                         respect to such Shares is granted.

 

		(ii)	The
                                         Administrator will have complete discretion to determine the number of Shares subject
                                         to an Option granted to any Participant.

 

(b) Term
of Option. The Administrator will determine the term of each Option in its sole discretion; provided, however, that the term
will be no more than ten (10) years from the date of grant thereof. Moreover, in the case of an Incentive Stock Option granted
to a Participant who, at the time the Incentive Stock Option is granted, owns stock representing more than 10% of the total combined
voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option will be
five (5) years from the date of grant or such shorter term as may be provided in the Award Agreement.

 

(c) Option
Exercise Price and Consideration.

 

		(i)	Exercise
                                         Price. The per share exercise price for the Shares to be issued pursuant to exercise
                                         of an Option will be determined by the Administrator, but will be no less than 100% of
                                         the Fair Market Value per Share on the date of grant. In addition, in the case of an
                                         Incentive Stock Option granted to an Employee who, at the time the Incentive Stock Option
                                         is granted, owns stock representing more than 10% of the voting power of all classes
                                         of stock of the Company or any Parent or Subsidiary, the per Share exercise price will
                                         be no less than 110% of the Fair Market Value per Share on the date of grant. Notwithstanding
                                         the foregoing provisions of this Section 6(c), Options may be granted with a per Share
                                         exercise price of less than 100% of the Fair Market Value per Share on the date of grant
                                         pursuant to a transaction described in, and in a manner consistent with, Section 424(a)
                                         of the Code.

 

		(ii)	Waiting
                                         Period and Exercise Dates. At the time an Option is granted, the Administrator will
                                         fix the period within which the Option may be exercised and will determine any conditions
                                         that must be satisfied before the Option may be exercised.

 

    	 	8	 

     

    

 

		(iii)	Form
                                         of Consideration. The Administrator will determine the acceptable form(s) of consideration
                                         for exercising an Option, including the method of payment, to the extent permitted by
                                         Applicable Laws. In the case of an Incentive Stock Option, the Administrator will determine
                                         the acceptable form of consideration at the time of grant. Such consideration may consist
                                         entirely of: (1) cash; (2) check; (3) promissory note, to the extent permitted by Applicable
                                         Laws, (4) other Shares, provided that such Shares have a Fair Market Value on the date
                                         of surrender equal to the aggregate exercise price of the Shares as to which such Option
                                         will be exercised and provided further that accepting such Shares will not result in
                                         any adverse accounting consequences to the Company, as the Administrator determines in
                                         its sole discretion; (5) consideration received by the Company under cashless exercise
                                         program (whether through a broker or otherwise) implemented by the Company in connection
                                         with the Plan; (6) by net exercise, (7) such other consideration and method of payment
                                         for the issuance of Shares to the extent permitted by Applicable Laws, or (8) any combination
                                         of the foregoing methods of payment. In making its determination as to the type of consideration
                                         to accept, the Administrator will consider if acceptance of such consideration may be
                                         reasonably expected to benefit the Company.

 

(d) Exercise
of Option.

 

		(i)	Procedure
                                         for Exercise; Rights as a Stockholder. Any Option granted hereunder will be exercisable
                                         according to the terms of the Plan and at such times and under such conditions as determined
                                         by the Administrator and set forth in the Award Agreement. An Option may not be exercised
                                         for a fraction of a Share.

 

An
Option will be deemed exercised when the Company receives: (i) notice of exercise (in such form as the Administrator specifies
from time to time) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to
which the Option is exercised (together with any applicable withholding taxes). Full payment may consist of any consideration
and method of payment authorized by the Administrator and permitted by the Award Agreement and the Plan. Shares issued upon exercise
of an Option will be issued in the name of the Participant or, if requested by the Participant, in the name of the Participant
and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a
duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder will
exist with respect to the Shares subject to an Option, notwithstanding the exercise of the Option. The Company will issue (or
cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right
for which the record date is prior to the date the Shares are issued, except as provided in Section 15 hereof.

 

    	 	9	 

     

    

 

		(ii)	Termination
                                         of Relationship as a Service Provider. If a Participant ceases to be a Service Provider,
                                         other than upon the Participant’s termination as the result of the Participant’s
                                         death or Disability, the Participant may exercise his or her Option within such period
                                         of time as is specified in the Award Agreement to the extent that the Option is vested
                                         on the date of termination (but in no event later than the expiration of the term of
                                         such Option as set forth in the Award Agreement). In the absence of a specified time
                                         in the Award Agreement, the Option will remain exercisable for three (3) months following
                                         the Participant’s termination. Unless otherwise provided by the Administrator,
                                         if on the date of termination the Participant is not vested as to his or her entire Option,
                                         the Shares covered by the unvested portion of the Option will revert to the Plan. If
                                         after termination the Participant does not exercise his or her Option within the time
                                         specified by the Administrator, the Option will terminate, and the Shares covered by
                                         such Option will revert to the Plan.

 

		(iii)	Disability
                                         of Participant. If a Participant ceases to be a Service Provider as a result of the
                                         Participant’s Disability, the Participant may exercise his or her Option within
                                         such period of time as is specified in the Award Agreement to the extent the Option is
                                         vested on the date of termination (but in no event later than the expiration of the term
                                         of such Option as set forth in the Award Agreement). In the absence of a specified time
                                         in the Award Agreement, the Option will remain exercisable for six (6) months following
                                         the Participant’s termination. Unless otherwise provided by the Administrator,
                                         if on the date of termination the Participant is not vested as to his or her entire Option,
                                         the Shares covered by the unvested portion of the Option will revert to the Plan. If
                                         after termination the Participant does not exercise his or her Option within the time
                                         specified herein, the Option will terminate, and the Shares covered by such Option will
                                         revert to the Plan.

 

		(iv)	Death
                                         of Participant. If a Participant dies while a Service Provider, the Option may be
                                         exercised within such period of time as is specified in the Award Agreement to the extent
                                         that the Option is vested on the date of death (but in no event may the option be exercised
                                         later than the expiration of the term of such Option as set forth in the Award Agreement),
                                         by the Participant’s designated beneficiary, provided such beneficiary has been
                                         designated prior to Participant’s death in a form acceptable to the Administrator.
                                         If no such beneficiary has been designated by the Participant, then such Option may be
                                         exercised by the personal representative of the Participant’s estate or by the
                                         person(s) to whom the Option is transferred pursuant to the Participant’s will
                                         or in accordance with the laws of descent and distribution. In the absence of a specified
                                         time in the Award Agreement, the Option will remain exercisable for six (6) months following
                                         Participant’s death. Unless otherwise provided by the Administrator, if at the
                                         time of death Participant is not vested as to his or her entire Option, the Shares covered
                                         by the unvested portion of the Option will continue to vest in accordance with the Award
                                         Agreement. If the Option is not so exercised within the time specified herein, the Option
                                         will terminate, and the Shares covered by such Option will revert to the Plan.

 

    	 	10	 

     

    

 

7. Stock
Appreciation Rights.

 

(a) Grant
of Stock Appreciation Rights. Subject to the terms and conditions of the Plan, a Stock Appreciation Right may be granted to
Service Providers at any time and from time to time as will be determined by the Administrator, in its sole discretion.

 

(b) Number
of Shares. The Administrator will have complete discretion to determine the number of Stock Appreciation Rights granted to
any Participant.

 

(c) Exercise
Price and Other Terms. The Administrator, subject to the provisions of the Plan, will have complete discretion to determine
the terms and conditions of Stock Appreciation Rights granted under the Plan; provided, however, that the exercise price will
be not less than 100% of the Fair Market Value of a Share on the date of grant.

 

(d) Stock
Appreciation Rights Agreement. Each Stock Appreciation Right grant will be evidenced by an Award Agreement that will specify
the exercise price, the term of the Stock Appreciation Right, the conditions of exercise, and such other terms and conditions
as the Administrator, in its sole discretion, will determine.

 

(e) Expiration
of Stock Appreciation Rights. A Stock Appreciation Right granted under the Plan will expire upon the date determined by the
Administrator, in its sole discretion, and set forth in the Award Agreement; provided, however, that the term will be no more
than ten (10) years from the date of grant thereof. Notwithstanding the foregoing, the rules of Section 6(d) above also will
apply to Stock Appreciation Rights.

 

(f) Payment
of Stock Appreciation Right Amount. Upon exercise of a Stock Appreciation Right, a Participant will be entitled to receive
payment from the Company in an amount determined by multiplying:

 

		(i)	The
                                         difference between the Fair Market Value of a Share on the date of exercise over the
                                         exercise price; times

 

		(ii)	The
                                         number of Shares with respect to which the Stock Appreciation Right is exercised.

 

At
the discretion of the Administrator, the payment upon Stock Appreciation Right exercise may be in cash, in Shares of equivalent
value, or in some combination thereof.

 

8. Restricted
Stock.

 

(a) Grant
of Restricted Stock. Subject to the terms and provisions of the Plan, the Administrator, at any time and from time to time,
may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine.

 

    	 	11	 

     

    

 

(b) Restricted
Stock Agreement. Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify the Period of Restriction,
the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine.
Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until the restrictions
on such Shares have lapsed.

 

(c) Transferability.
Except as provided in this Section 8, Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise
alienated or hypothecated until the end of the applicable Period of Restriction.

 

(d) Other
Restrictions. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock
as it may deem advisable or appropriate.

 

(e) Removal
of Restrictions. Except as otherwise provided in this Section 8, Shares of Restricted Stock covered by each Restricted Stock
grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction.
The Administrator, in its discretion, may accelerate the time at which any restrictions will lapse or be removed.

 

(f) Voting
Rights. During the Period of Restriction, Service Providers holding Shares of Restricted Stock granted hereunder may exercise
full voting rights with respect to those Shares, unless the Administrator determines otherwise.

 

(g) Dividends
and Other Distributions. During the Period of Restriction, Service Providers holding Shares of Restricted Stock will be entitled
to receive all dividends and other distributions paid with respect to such Shares unless otherwise provided in the Award Agreement.
If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability
and forfeitability as the Shares of Restricted Stock with respect to which they were paid.

 

(h) Return
of Restricted Stock to Company. On the date set forth in the Award Agreement, the Restricted Stock for which restrictions
have not lapsed will revert to the Company and again will become available for grant under the Plan.

 

(i) Section
162(m) Performance Restrictions. For purposes of qualifying grants of Restricted Stock as “performance-based compensation”
under Section 162(m) of the Code, the Administrator, in its discretion, may set restrictions based upon the achievement of
Performance Goals. The Performance Goals will be set by the Administrator on or before the Determination Date. In granting Restricted
Stock which is intended to qualify under Section 162(m) of the Code, the Administrator will follow any procedures determined
by it from time to time to be necessary or appropriate to ensure qualification of the Award under Section 162(m) of the Code
(e.g., in determining the Performance Goals).

 

9. Restricted
Stock Units.

 

(a) Grant.
Restricted Stock Units may be granted at any time and from time to time as determined by the Administrator. Each Restricted Stock
Unit grant will be evidenced by an Award Agreement that will specify such other terms and conditions as the Administrator, in
its sole discretion, will determine, including all terms, conditions, and restrictions related to the grant, the number of Restricted
Stock Units and the form of payout, which, subject to Section 9(d) hereof, may be left to the discretion of the Administrator.

 

    	 	12	 

     

    

 

(b) Vesting
Criteria and Other Terms. The Administrator will set vesting criteria in its discretion, which, depending on the extent to
which the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant. After
the grant of Restricted Stock Units, the Administrator, in its sole discretion, may reduce or waive any restrictions for such
Restricted Stock Units. Each Award of Restricted Stock Units will be evidenced by an Award Agreement that will specify the vesting
criteria, and such other terms and conditions as the Administrator, in its sole discretion will determine. The Administrator,
in its discretion, may accelerate the time at which any restrictions will lapse or be removed.

 

(c) Earning
Restricted Stock Units. Upon meeting the applicable vesting criteria, the Participant will be entitled to receive a payout
as specified in the Award Agreement.

 

(d) Form
and Timing of Payment. Payment of earned Restricted Stock Units will be made as soon as practicable after the date(s) set
forth in the Award Agreement. The Administrator, in its sole discretion, may pay earned Restricted Stock Units in cash, Shares,
or a combination thereof. Shares represented by Restricted Stock Units that are fully paid in cash again will be available for
grant under the Plan.

 

(e) Cancellation.
On the date set forth in the Award Agreement, all unearned Restricted Stock Units will be forfeited to the Company.

 

(f) Section
162(m) Performance Restrictions. For purposes of qualifying grants of Restricted Stock Units as “performance-based compensation”
under Section 162(m) of the Code, the Administrator, in its discretion, may set restrictions based upon the achievement of
Performance Goals. The Performance Goals will be set by the Administrator on or before the Determination Date. In granting Restricted
Stock Units which are intended to qualify under Section 162(m) of the Code, the Administrator will follow any procedures
determined by it from time to time to be necessary or appropriate to ensure qualification of the Award under Section 162(m)
of the Code (e.g., in determining the Performance Goals).

 

10. Performance
Units and Performance Shares.

 

(a) Grant
of Performance Units/Shares. Performance Units and Performance Shares may be granted to Service Providers at any time and
from time to time, as will be determined by the Administrator, in its sole discretion. The Administrator will have complete discretion
in determining the number of Performance Units/Shares granted to each Participant.

 

(b) Value
of Performance Units/Shares. Each Performance Unit will have an initial value that is established by the Administrator on
or before the date of grant. Each Performance Share will have an initial value equal to the Fair Market Value of a Share on the
date of grant.

 

(c) Performance
Objectives and Other Terms. The Administrator will set performance objectives or other vesting provisions. The Administrator
may set vesting criteria based upon the achievement of Company-wide, business unit, or individual goals (including, but not limited
to, continued employment), or any other basis determined by the Administrator in its discretion. Each Award of Performance Units/Shares
will be evidenced by an Award Agreement that will specify the Performance Period, and such other terms and conditions as the Administrator,
in its sole discretion, will determine.

 

    	 	13	 

     

    

 

(d) Earning
of Performance Units/Shares. After the applicable Performance Period has ended, the holder of Performance Units/Shares will
be entitled to receive a payout of the number of Performance Units/Shares earned by the Participant over the Performance Period,
to be determined as a function of the extent to which the corresponding performance objectives or other vesting provisions have
been achieved. After the grant of a Performance Unit/Share, the Administrator, in its sole discretion, may reduce or waive any
performance objectives or other vesting provisions for such Performance Unit/Share.

 

(e) Form
and Timing of Payment of Performance Units/Shares. Payment of earned Performance Units/Shares will be made as soon as practicable
after the expiration of the applicable Performance Period. The Administrator, in its sole discretion, may pay earned Performance
Units/Shares in the form of cash, in Shares (which have an aggregate Fair Market Value equal to the value of the earned Performance
Units/Shares at the close of the applicable Performance Period) or in a combination thereof.

 

(f) Cancellation
of Performance Units/Shares. On the date set forth in the Award Agreement, all unearned or unvested Performance Units/Shares
will be forfeited to the Company, and again will be available for grant under the Plan.

 

(g) Section
162(m) Performance Restrictions. For purposes of qualifying grants of Performance Units/Shares as “performance-based
compensation” under Section 162(m) of the Code, the Administrator, in its discretion, may set restrictions based upon
the achievement of Performance Goals. The Performance Goals will be set by the Administrator on or before the Determination Date.
In granting Performance Units/Shares which are intended to qualify under Section 162(m) of the Code, the Administrator will
follow any procedures determined by it from time to time to be necessary or appropriate to ensure qualification of the Award under
Section 162(m) of the Code (e.g., in determining the Performance Goals).

 

11. Performance-Based
Compensation Under Code Section 162(m).

 

(a) General.
If the Administrator, in its discretion, decides to grant an Award intended to qualify as “performance-based compensation”
under Code Section 162(m), the provisions of this Section 11 will control over any contrary provision in the Plan; provided, however,
that the Administrator may in its discretion grant Awards that are not intended to qualify as “performance-based compensation”
under Section 162(m) of the Code to such Participants that are based on Performance Goals or other specific criteria or goals
but that do not satisfy the requirements of this Section 11.

 

    	 	14	 

     

    

 

(b) Performance
Goals. The granting and/or vesting of Awards of Restricted Stock, Restricted Stock Units, Performance Shares and Performance
Units and other incentives under the Plan may be made subject to the attainment of performance goals relating to one or more business
criteria within the meaning of Code Section 162(m) and may provide for a targeted level or levels of achievement (“Performance
Goals”) including (i) earnings per Share, (ii) operating cash flow, (iii) operating income, (iv) profit
after-tax, (v) profit before-tax, (vi) return on assets, (vii) return on equity, (viii) return on sales, (ix) revenue,
and (x) total shareholder return. Any Performance Goals may be used to measure the performance of the Company as a whole
or a business unit of the Company and may be measured relative to a peer group or index. The Performance Goals may differ from
Participant to Participant and from Award to Award. Prior to the Determination Date, the Administrator will determine whether
any significant element(s) will be included in or excluded from the calculation of any Performance Goal with respect to any Participant.

 

(c) Procedures.
To the extent necessary to comply with the performance-based compensation provisions of Code Section 162(m), with respect to any
Award granted subject to Performance Goals, within the first twenty-five percent (25%) of the Performance Period, but in no event
more than ninety (90) days following the commencement of any Performance Period (or such other time as may be required or permitted
by Code Section 162(m)), the Administrator will, in writing, (i) designate one or more Participants to whom an Award will be made,
(ii) select the Performance Goals applicable to the Performance Period, (iii) establish the Performance Goals, and amounts of
such Awards, as applicable, which may be earned for such Performance Period, and (iv) specify the relationship between Performance
Goals and the amounts of such Awards, as applicable, to be earned by each Participant for such Performance Period. Following the
completion of each Performance Period, the Administrator will certify in writing whether the applicable Performance Goals have
been achieved for such Performance Period. In determining the amounts earned by a Participant, the Administrator will have the
right to reduce or eliminate (but not to increase) the amount payable at a given level of performance to take into account additional
factors that the Administrator may deem relevant to the assessment of individual or corporate performance for the Performance
Period. A Participant will be eligible to receive payment pursuant to an Award for a Performance Period only if the Performance
Goals for such period are achieved.

 

(d) Additional
Limitations. Notwithstanding any other provision of the Plan, any Award which is granted to a Participant and is intended
to constitute qualified performance based compensation under Code Section 162(m) will be subject to any additional limitations
set forth in the Code (including any amendment to Section 162(m)) or any regulations and ruling issued thereunder that are requirements
for qualification as qualified performance-based compensation as described in Section 162(m) of the Code, and the Plan will be
deemed amended to the extent necessary to conform to such requirements.

 

12. Compliance
with Code Section 409A. Awards will be designed and operated in such a manner that they are either exempt from the application
of, or comply with, the requirements of Code Section 409A, except as otherwise determined in the sole discretion of the Administrator.
The Plan and each Award Agreement under the Plan is intended to meet the requirements of Code Section 409A and will
be construed and interpreted in accordance with such intent, except as otherwise determined in the sole discretion of the Administrator.
To the extent that an Award or payment, or the settlement or deferral thereof, is subject to Code Section 409A the Award
will be granted, paid, settled or deferred in a manner that will meet the requirements of Code Section 409A, such that the
grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Code Section 409A.

 

    	 	15	 

     

    

 

13. Leaves
of Absence. Unless the Administrator provides otherwise, vesting of Awards granted hereunder will be suspended during any
unpaid leave of absence. A Service Provider will not cease to be an Employee in the case of (i) any leave of absence approved
by the Company, or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary.
For purposes of Incentive Stock Options, no such leave may exceed three (3) months, unless reemployment upon expiration of such
leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not
so guaranteed, then six (6) months and one day following the commencement of such leave any Incentive Stock Option held by the
Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock
Option.

 

14. Transferability
of Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred,
or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime
of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award may only be transferred
(i) by will, (ii) by the laws of descent and distribution, (iii) to a revocable trust, or (iii) as permitted by Rule 701 of the
Securities Act of 1933, as amended.

 

15. Adjustments;
Dissolution or Liquidation; Merger or Change in Control.

 

(a) Adjustments.
In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or other property),
recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase,
or exchange of Shares or other securities of the Company, or other change in the corporate structure of the Company affecting
the Shares occurs, the Administrator, in order to prevent diminution or enlargement of the benefits or potential benefits intended
to be made available under the Plan, will adjust the number and class of Shares that may be delivered under the Plan and/or the
number, class, and price of Shares covered by each outstanding Award, and the numerical Share limits set forth in Sections 3,
6, 7, 8, 9 and 10 hereof.

 

(b) Dissolution
or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each
Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously
exercised, an Award will terminate immediately prior to the consummation of such proposed action.

 

(c) Change
in Control. In the event of a merger of the Company with or into another corporation or other entity or a Change in Control,
each outstanding Award will be treated as the Administrator determines (subject to the provisions of the proceeding paragraph)
without a Participant’s consent, including, without limitation, that (i) Awards will be assumed, or substantially equivalent
Awards will be substituted, by the acquiring or succeeding corporation (the “Successor Corporation”) (or an
affiliate thereof) with appropriate adjustments as to the number and kind of shares and prices; (ii) upon written notice to a
Participant, that the Participant’s Awards will terminate upon or immediately prior to the consummation of such merger or
Change in Control; (iii) outstanding Awards will vest and become exercisable, realizable, or payable, or restrictions applicable
to an Award will lapse, in whole or in part prior to or upon consummation of such merger or Change in Control, and, to the extent
the Administrator determines, terminate upon or immediately prior to the effectiveness of such merger or Change in Control; (iv)
(A) the termination of an Award in exchange for an amount of cash and/or property, if any, equal to the amount that would have
been attained upon the exercise of such Award or realization of the Participant’s rights as of the date of the occurrence
of the transaction (and, for the avoidance of doubt, if as of the date of the occurrence of the transaction the Administrator
determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Participant’s
rights, then such Award may be terminated by the Company without payment), or (B) the replacement of such Award with other
rights or property selected by the Administrator in its sole discretion; or (v) any combination of the foregoing. In taking any
of the actions permitted under this subsection (c), the Administrator will not be obligated to treat all Awards, all Awards held
by a Participant, or all Awards of the same type, similarly.

 

    	 	16	 

     

    

 

In
the event that the Successor Corporation does not assume or substitute for the Award, the Participant will fully vest in and have
the right to exercise all of his or her outstanding Options and Stock Appreciation Rights, including Shares as to which such Awards
would not otherwise be vested or exercisable, all restrictions on Restricted Stock will lapse, and, with respect to Restricted
Stock Units, Performance Shares and Performance Units, all Performance Goals or other vesting criteria will be deemed achieved
at target levels and all other terms and conditions met. In addition, if an Option or Stock Appreciation Right is not assumed
or substituted for in the event of a Change in Control, the Administrator will notify the Participant in writing or electronically
that the Option or Stock Appreciation Right will be fully vested and exercisable for a period of time determined by the Administrator
in its sole discretion, and the Option or Stock Appreciation Right will terminate upon the expiration of such period.

 

For
the purposes of this subsection (c), an Award will be considered assumed if, following the Change in Control, the Award confers
the right to purchase or receive, for each Share subject to the Award immediately prior to the Change in Control, the consideration
(whether stock, cash, or other securities or property) or, in the case of a Stock Appreciation Right upon the exercise of which
the Administrator determines to pay cash or a Performance Share or Performance Unit which the Administrator can determine to pay
in cash, the fair market value of the consideration received in the merger or Change in Control by holders of Common Stock for
each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration
chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the
Change in Control is not solely common stock of the Successor Corporation, the Administrator may, with the consent of the Successor
Corporation, provide for the consideration to be received upon the exercise of an Option or Stock Appreciation Right or upon the
payout of a Performance Share or Performance Unit, for each Share subject to such Award (or in the case of Performance Units,
the number of implied shares determined by dividing the value of the Performance Units by the per share consideration received
by holders of Common Stock in the Change in Control), to be solely common stock of the Successor Corporation equal in fair market
value to the per share consideration received by holders of Common Stock in the Change in Control.

 

    	 	17	 

     

    

 

Notwithstanding
anything in this Section 15(c) to the contrary, an Award that vests, is earned or paid-out upon the satisfaction of one or more
Performance Goals will not be considered assumed if the Company or its successor modifies any of such Performance Goals without
the Participant’s consent; provided, however, a modification to such Performance Goals only to reflect the Successor Corporation’s
post-Change in Control corporate structure will not be deemed to invalidate an otherwise valid Award assumption. In the case of
an Award providing for the payment of deferred compensation subject to Section 409A of the Code, any payment of such deferred
compensation by reason of a Change in Control shall be made only if the Change in Control is one described in subsection (a)(2)(A)(v)
of Section 409A and the guidance thereunder and shall be paid consistent with the requirements of Section 409A. If any deferred
compensation that would otherwise be payable by reason of a Change in Control cannot be paid by reason of the immediately preceding
sentence, it shall be paid as soon as practicable thereafter consistent with the requirements of Section 409A, as determined by
the Administrator.

 

16. Tax
Withholding.

 

(a) Withholding
Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or exercise thereof), the Company will have
the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy
federal, state, local, foreign or other taxes (including the Participant’s FICA obligation) required to be withheld with
respect to such Award (or exercise thereof).

 

(b) Withholding
Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time,
may permit a Participant to satisfy such tax withholding obligation, in whole or in part by (without limitation) (i) paying cash,
(ii) electing to have the Company withhold otherwise deliverable cash or Shares having a Fair Market Value equal to the minimum
amount required to be withheld, (iii) delivering to the Company already-owned Shares having a Fair Market Value equal to the amount
required to be withheld, or (iv) selling a sufficient number of Shares otherwise deliverable to the Participant through such
means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required
to be withheld. The amount of the withholding requirement will be deemed to include any amount which the Administrator agrees
may be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or local
marginal income tax rates applicable to the Participant with respect to the Award on the date that the amount of tax to be withheld
is to be determined. The Fair Market Value of the Shares to be withheld or delivered will be determined as of the date that the
taxes are required to be withheld.

 

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

 

18. Date
of Grant. The date of grant of an Award will be, for all purposes, the date on which the Administrator makes the determination
granting such Award, or such other later date as is determined by the Administrator. Notice of the determination will be provided
to each Participant within a reasonable time after the date of such grant.

 

    	 	18	 

     

    

 

19. Term
of Plan. Subject to Section 23 hereof, the Plan will become effective upon its adoption by the Board. It will continue
in effect for a term of ten (10) years unless terminated earlier under Section 20 hereof.

 

20. Amendment
and Termination of the Plan.

 

(a) Amendment
and Termination. The Administrator may at any time amend, alter, suspend or terminate the Plan.

 

(b) Stockholder
Approval. The Company will obtain stockholder approval of any Plan amendment to the extent necessary and desirable to comply
with Applicable Laws.

 

(c) Effect
of Amendment or Termination. No amendment, alteration, suspension, or termination of the Plan will impair the rights of any
Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing
and signed by the Participant and the Company. Termination of the Plan will not affect the Administrator’s ability to exercise
the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination.

 

21. Conditions
Upon Issuance of Shares.

 

(a) Legal
Compliance. Shares will not be issued pursuant to the exercise of an Award unless the exercise of such Award and the issuance
and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the Company
with respect to such compliance.

 

(b) Investment
Representations. As a condition to the exercise of an Award, the Company may require the person exercising such Award to represent
and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention
to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required.

 

(c) Restrictive
Legends. All Award Agreements and all securities of the Company issued pursuant thereto shall bear such legends regarding
restrictions on transfer and such other legends as the appropriate officer of the Company shall determine to be necessary or advisable
to comply with applicable securities and other laws.

 

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

 

23. Stockholder
Approval. The Plan will be subject to approval by the stockholders of the Company within twelve (12) months after the date
the Plan is adopted by the Board. Such stockholder approval will be obtained in the manner and to the degree required under Applicable
Laws. In the event that stockholder approval is not obtained within twelve (12) months after the date the Plan is adopted by the
Board, the Plan and all Awards granted hereunder shall be void ab initio and of no effect. Notwithstanding any other provisions
of the Plan, no Awards shall be exercisable until the date of such stockholder approval.

 

    	 	19	 

     

    

 

23. Notification
of Election Under Section 83(b) of the Code. If any Service Provider shall, in connection with the acquisition of Shares under
the Plan, make the election permitted under Section 83(b) of the Code, such Service Provider shall notify the Company of such
election within ten (10) days of filing notice of the election with the Internal Revenue Service and provide the Company with
a copy thereof, in addition to any filing and a notification required pursuant to regulations issued under the authority of Section
83(b) of the Code. A Service Provider shall not be permitted to make a Section 83(b) election with respect to an Award of a Restricted
Stock Unit.

 

24. Notification
Upon Disqualifying Disposition Under Section 421(b) of the Code. Each Service Provider shall notify the Company of any disposition
of Shares issued pursuant to the exercise of an Incentive Stock Option under the circumstances described in Section 421(b) of
the Code (relating to certain disqualifying dispositions), within ten (10) days of such disposition.

 

25. Choice
of Law. The Plan and all rules and determinations made and taken pursuant hereto will be governed by the laws of the State
of Delaware, to the extent not preempted by federal law, and construed accordingly.

 

 

20

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