Document:

Exhibit
10.1

 

INDEMNIFICATION
AGREEMENT

 

This Indemnification Agreement
(“Agreement”) is made as of this [__] day of [__________] 2015, by and between Majesco, a California corporation (the
“Company”), and [__________] (“Indemnitee”).

 

WHEREAS, the Company
and Indemnitee recognize the difficulty in obtaining directors and officers liability insurance that fully and adequately covers
directors and officers for their acts and omissions on behalf of the Company and its Subsidiaries;

 

WHEREAS, the Company
and Indemnitee further recognize the substantial increase in corporate litigation in general, subjecting officers and directors
to expensive litigation risks that may not be fully covered by liability insurance; and

 

WHEREAS, the Company
desires to attract and retain the services of highly qualified individuals, such as Indemnitee, to serve as officers and directors
of the Company and to indemnify its officers and directors so as to provide them with the maximum protection permitted by law.

 

NOW, THEREFORE,
the Company and Indemnitee hereby agree as follows:

 

Section 1.          Services
By Indemnitee.  Indemnitee hereby agrees to serve or continue to serve, at the will of the Company, as a director,
officer or key employee of the Company, for as long as Indemnitee is duly elected or appointed, as the case may be, or until Indemnitee
tenders his or her resignation or is removed.  For the avoidance of doubt, the Company’s obligations under this
Agreement shall continue to the extent provided for in this Agreement, notwithstanding that Indemnitee may have ceased to be a
director, officer or key employee of the Company.

 

Section 2.          Indemnification.

 

(a)          Third
Party Proceedings.  In connection with any Proceeding other than those instituted by or in the right of the Company,
the Company shall, to the fullest extent permitted by law, indemnify Indemnitee against any and all Expenses and Liabilities, in
either case, actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf by reason of Indemnitee’s Corporate
Status unless the Company shall establish, in accordance with the procedures described in Section 3 of this Agreement, that Indemnitee
did not act in good faith and in a manner Indemnitee reasonably believed to be in the best interests of the Company, and, with
respect to any criminal Proceeding, that Indemnitee had no reasonable cause to believe Indemnitee’s conduct was unlawful.

 

(b)          Proceedings
by or in the Right of the Company.  In connection with any Proceeding instituted by or in the right of the Company,
the Company shall indemnify Indemnitee against any and all Expenses and, to the fullest extent permitted by law, amounts paid in
settlement, in each case to the extent actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf by reason
of Indemnitee’s Corporate Status unless the Company shall establish, in accordance with the procedures described in Section
3 of this Agreement, that

 

    	 

    	 

    

 

Indemnitee did not act in good faith and in a manner Indemnitee reasonably believed to be in the best
interests of the Company and its shareholders, except that no indemnification shall be made in respect of any claim, issue or matter
as to which Indemnitee shall have been adjudged to be liable to the Company in the performance of Indemnitee’s duty to the
Company or any Subsidiary of the Company unless and only to the extent that the court in which such Proceeding is or was pending
shall determine upon application that, in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled
to indemnity for Expenses or amounts paid in settlement and then only to the extent that the court shall determine.

 

(c)          Witness
Expenses.  Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of
his or her Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, he or she shall be indemnified against
all Expenses actually and reasonably incurred by Indemnitee or on his or her behalf in connection therewith.

 

Section 3.          Advancement
of Expenses; Indemnification Procedure.

 

(a)          Advancement
of Expenses.  The Company shall, to the fullest extent permitted by law, advance all Expenses incurred by Indemnitee
in connection with any Proceeding referenced in Section 2(a) or Section 2(b) of this Agreement (but not amounts actually paid in
settlement of any such Proceeding).  Indemnitee hereby undertakes to repay such amounts advanced only if, and to the
extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby.  The
advances to be made hereunder shall be paid by the Company to Indemnitee within 20 days following delivery of a written request
therefor by Indemnitee to the Company.  Advances shall be unsecured and interest free.  Advances shall be made
without regard to Indemnitee’s ability to repay such amounts and without regard to Indemnitee’s ultimate entitlement
to indemnification under the other provisions of this Agreement.  Advances shall include any and all Expenses incurred
pursuing an action to enforce this right of advancement, including Expenses incurred preparing and forwarding statements to the
Company to support the advances claimed.

 

(b)          Notice
by Indemnitee.  Indemnitee shall give the Company notice in writing as soon as practicable of any Proceeding in respect
of which Indemnitee intends to seek indemnification or advancement of Expenses hereunder.  Notice to the Company shall
be directed to the General Counsel of the Company at the address shown in Section 17(a) of this Agreement (or such other address
as the Company shall designate in writing to Indemnitee).  The omission by Indemnitee to so notify the Company will not
relieve the Company from any liability that it may have to Indemnitee hereunder or otherwise.

 

(c)          Determination
of Entitlement.

 

(i)          Where
there has been a written notice by Indemnitee for indemnification pursuant to Section 3(b), then as soon as is reasonably
practicable (but in any event not later than 60 days) after final disposition of the relevant Proceeding, the Company shall
make a determination, if and in the manner required by applicable law, with respect to Indemnitee’s entitlement
thereto; provided, however, that, if a Change in Control shall have occurred, the determination shall be made by an
Independent Counsel (selected pursuant to

 

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Section 3(c)(ii)) in a written opinion to the Company’s Board of Directors, a
copy of which shall be delivered to Indemnitee.  If it is so determined that Indemnitee is entitled to
indemnification, payment to Indemnitee shall be made within ten (10) days after such
determination.  Indemnitee shall reasonably cooperate with the person, persons or entity making such
determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons
or entity upon reasonable advance request any documentation or information that is not privileged or otherwise protected from
disclosure and that is reasonably available to Indemnitee and reasonably necessary to such determination.  Any
costs or expenses (including reasonable and documented attorneys’ fees and disbursements) actually and reasonably
incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the
Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification).

 

(ii)         If
entitlement to indemnification is to be determined by an Independent Counsel after a Change in Control pursuant to Section 3(c)(i),
such Independent Counsel shall be selected by Indemnitee, and Indemnitee shall give written notice to the Company advising it of
the identity of the Independent Counsel so selected.  Within 10 days after such written notice of selection shall have
been received, the Company may deliver to Indemnitee a written objection to such selection; provided, however, that such objection
may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent
Counsel” as defined in Section 14(a) of this Agreement, and the objection shall set forth with particularity the factual
basis of such assertion.  Absent a proper and timely objection, the person so selected shall act as the Independent Counsel.  If
such written objection is so made and substantiated, the Independent Counsel so selected may not serve as the Independent Counsel
unless and until such objection is withdrawn or a court of competent jurisdiction has determined that such objection is without
merit.  If, within 20 days after the final disposition of the Proceeding, no Independent Counsel shall have been selected
and not objected to, either the Company or Indemnitee may petition a court of competent jurisdiction for resolution of any objection
which shall have been made by the Company to Indemnitee’s selection of the Independent Counsel and/or for the appointment
as the Independent Counsel of a person selected by the court or by such other person as the court shall designate, and the person
with respect to whom all objections are so resolved or the person so appointed shall act as the Independent Counsel under Section
3(c)(i) hereof.  Upon the due commencement of any judicial proceeding, the Independent Counsel shall be discharged and
relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing).

 

(iii)        The
Company agrees to pay the reasonable and documented fees and expenses of any Independent Counsel serving under this Agreement.

 

(d)          Presumptions
and Burdens of Proof.

 

(i)          In
making any determination with respect to entitlement to indemnification hereunder, the person, persons or entity making such determination
shall, to the fullest extent not prohibited by law, presume that Indemnitee is entitled to indemnification under this Agreement,
and the Company shall have, to the fullest extent not prohibited by law, the burden of proof to overcome that presumption in connection
with the making of any

 

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determination contrary to that presumption.  Neither the failure of the person, persons or entity
to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper
in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by the person,
persons or entity that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a
presumption that Indemnitee has not met the applicable standard of conduct.

 

(ii)         The
termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a
plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely
affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner
that he or she reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal
Proceeding, that Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful.

 

(iii)        For
purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action
is in good faith reliance on the records or books of account of any Enterprise, including financial statements, or on information
supplied to Indemnitee by the officers of such Enterprise in the course of their duties, or on the advice of legal counsel for
such Enterprise or on information or records given or reports made to such Enterprise by an independent certified public accountant
or by an appraiser or other expert selected by such Enterprise.  The provisions of this Section 3(d)(iii) shall not be
deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed or found to have met the
applicable standard of conduct set forth in this Agreement.

 

(e)          Notice
to Insurers.  If, at the time of the receipt of a notice of a Proceeding pursuant to Section 3(b) of this Agreement,
the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of
such Proceeding to the insurers in accordance with the procedures set forth in the respective policies.  Thereafter,
the Company shall take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts
payable as a result of such Proceeding in accordance with the terms of such policies. Indemnitee shall reasonably cooperate with
such insurers, including providing to such insurers upon reasonable advance request any documentation or information that is not
privileged or otherwise protected from disclosure and that is reasonably available to Indemnitee.  

 

(f)          Relationship
to Other Sources.  Indemnitee shall not be required to exercise any rights against any other parties (for example,
under any insurance policy purchased by the Company, Indemnitee or any other person or entity) before Indemnitee enforces this
Agreement.  However, to the extent the Company actually indemnifies Indemnitee or advances Expenses, the Company shall
be entitled to enforce any such rights that Indemnitee may have against third parties.  Indemnitee shall assist the Company
in enforcing those rights if the Company pays Indemnitee’s reasonable and documented costs and expenses of doing so.

 

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(g)          Defense
of Claims; Selection of Counsel.

 

(i)          The
Company shall not settle any action, claim, or Proceeding (in whole or in part) that would impose any Expense, judgment, fine,
penalty or limitation on Indemnitee, without Indemnitee’s prior written consent (such consent not to be unreasonably withheld,
conditioned or delayed); provided, however, that, with respect to settlements requiring solely the payment of money either by the
Company or by Indemnitee for which the Company is obligated to reimburse Indemnitee promptly and completely, in either case without
recourse to Indemnitee, no such consent of Indemnitee shall be required.  Indemnitee shall not settle any action, claim
or Proceeding (in whole or in part) that would impose any Expense, judgment, fine, penalty or limitation on the Company without
the Company’s prior written consent.

 

(ii)         In
the event the Company shall be obligated under Section 3(a) of this Agreement to pay the Expenses of any Proceeding against Indemnitee,
the Company, if appropriate, shall be entitled to assume the defense of such proceeding, with counsel approved by Indemnitee, which
approval shall not be unreasonably withheld, conditioned or delayed, upon the delivery to Indemnitee of written notice of its election
so to do.  After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by
the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by
Indemnitee with respect to the same Proceeding, provided that (i) Indemnitee shall have the right to employ Indemnitee’s
own counsel in any such Proceeding at Indemnitee’s sole cost and expense; and (ii) if (A) the employment of counsel
by Indemnitee has been previously authorized by the Company, (B) Indemnitee shall have concluded in good faith that there
may be a conflict of interest between the Company and Indemnitee or between Indemnitee and any other persons represented by the
same counsel, in the conduct of any such defense, or (C) the Company, in fact, shall not have employed counsel to assume the
defense of such Proceeding, then the reasonable and documented fees and expenses of Indemnitee’s counsel shall be at the
expense of the Company.

 

Section 4.          Remedies
of Indemnitee.

 

(a)          In
the event of any dispute between Indemnitee and the Company hereunder as to entitlement to indemnification, contribution or advancement
of Expenses (including where (i) a determination is made pursuant to Section 3(c) of this Agreement that Indemnitee is not
entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 3(a)
of this Agreement, (iii) payment of indemnification pursuant to Section 3(c) of this Agreement is not made within 10 days
after a determination has been made that Indemnitee is entitled to indemnification, (iv) no determination as to entitlement
to indemnification is timely made pursuant to Section 3(c) of this Agreement, or (v) a contribution payment is not made in
a timely manner pursuant to Section 9 of this Agreement), then Indemnitee shall be entitled to an adjudication by a court of Indemnitee’s
entitlement to such indemnification, contribution or advancement.  

 

(b)          In
the event that a determination shall have been made pursuant to Section 3(c) of this Agreement that Indemnitee is not entitled
to indemnification, any judicial proceeding commenced pursuant to this Section 4 shall be conducted in all respects as a de novo
trial on the merits, and Indemnitee shall not be prejudiced by reason of that adverse determination.  In any

 

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judicial
proceeding commenced pursuant to this Section 4, the Company shall have the burden of proving Indemnitee is not entitled to indemnification
or advancement of Expenses, as the case may be, and the Company may not refer to or introduce into evidence any determination pursuant
to Section 3(c) of this Agreement adverse to Indemnitee for any purpose.  If Indemnitee commences a judicial proceeding
pursuant to this Section 4, Indemnitee shall not be required to reimburse the Company for any advances pursuant to Section 3(a)
until a final determination is made with respect to Indemnitee’s entitlement to indemnification (as to which all rights of
appeal have been exhausted or lapsed).

 

(c)          If
a determination shall have been made pursuant to Section 3(c) of this Agreement that Indemnitee is entitled to indemnification,
the Company shall be bound by such determination in any judicial proceeding commenced pursuant to this Section 4, absent (i) a
misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement
not materially misleading, in connection with such determination of Indemnitee’s entitlement to indemnification, or (ii) a
prohibition of such indemnification under applicable law.

 

(d)          The
Company shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 4 that the procedures and
presumptions of this Agreement are not valid, binding or enforceable and shall stipulate in any such court that the Company is
bound by all the provisions of this Agreement.

 

(e)          The
Company shall indemnify Indemnitee to the fullest extent permitted by law against all Expenses incurred by Indemnitee in connection
with any judicial proceeding brought by Indemnitee for (i) indemnification or advances of Expenses by the Company (or otherwise
for the enforcement, interpretation or defense of his or her rights) under this Agreement or any other agreement, including any
other indemnification, contribution or advancement agreement, or any provision of the Company’s Amended and Restated Articles
of Incorporation or Amended and Restated Bylaws now or hereafter in effect or (ii) recovery or advances under any directors
and officers liability insurance policy maintained by the Company, regardless of whether Indemnitee ultimately is determined to
be entitled to such indemnification, contribution, advancement or insurance recovery, as the case may be; provided, however, that
this Section 4(e) shall not apply if, as part of such judicial proceeding, the court of competent jurisdiction determines that
the material assertions made by Indemnitee as a basis for such judicial proceeding were not made in good faith or were frivolous.

 

Section 5.          Additional
Indemnification Rights; Nonexclusivity.

 

(a)          Scope.  Notwithstanding
any other provision of this Agreement, the Company hereby agrees to indemnify the Indemnitee to the fullest extent permitted
by law, notwithstanding that such indemnification is not specifically authorized by the other provisions of this Agreement,
the Company’s Amended and Restated Articles of Incorporation, the Company’s Amended and Restated ByLaws or by
statute.  In the event of any change, after the date of this Agreement, in any applicable law, statute or rule that
expands the right of a California corporation to indemnify a member of its or a Subsidiary’s Board of Directors or an
officer, such changes shall be, ipso facto, within the purview of Indemnitee’s rights and the Company’s
obligations, under this Agreement.  In the event of any change in any applicable law,

 

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statute or rule that narrows
the right of a California corporation to indemnify a member of the Board of Directors or an officer of the Company or a Subsidiary,
such changes, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no
effect on this Agreement or the parties’ rights and obligations hereunder.

 

(b)          Nonexclusivity.  The
rights of indemnification, contribution and advancement of Expenses as provided by this Agreement shall not be deemed exclusive
of any rights to which Indemnitee may be entitled under the Company’s Amended and Restated Articles of Incorporation, its
Amended and Restated ByLaws, any agreement, any vote of shareholders or disinterested directors, the General Corporation Law of
the State of California, or otherwise, both as to action in Indemnitee’s official capacity and as to action or inaction in
another capacity while holding such office.  The indemnification provided under this Agreement shall continue as to Indemnitee
for any action taken or not taken while serving in an indemnified capacity even though Indemnitee may have ceased to serve in such
capacity at the time of any covered Proceeding is commenced.

 

Section 6.          Partial
Indemnification.  If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company
for some or a portion of the Expenses and Liabilities actually or reasonably incurred by Indemnitee in any Proceeding, but not,
however, for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such Expenses and
Liabilities to which Indemnitee is entitled.

 

Section 7.          Mutual
Acknowledgment.  Both the Company and Indemnitee acknowledge that, in certain instances, Federal law or applicable
public policy may prohibit the Company from indemnifying its directors and officers under this Agreement or otherwise.  Indemnitee
understands and acknowledges that the Company has undertaken or may be required in the future in certain circumstances to undertake
with the U.S. Securities and Exchange Commission to submit the question of indemnification to a court for a determination of the
Company’s right under public policy to indemnify Indemnitee.

 

Section 8.          Directors
and Officers Liability Insurance.  The Company, from time to time and in its sole and absolute discretion, shall
make the good faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies
of insurance with reputable insurance companies providing the officers and directors of the Company with coverage for losses from
wrongful acts or to ensure the Company’s performance of its indemnification obligations under this Agreement.  Among
other considerations, the Company will weigh the costs of obtaining such insurance coverage against the protection afforded by
such coverage.  In all policies of directors and officers liability insurance, Indemnitee shall be named as an insured
in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s
directors, if Indemnitee is a director; or of the Company’s officers, if Indemnitee is not a director of the Company but
is an officer.  Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain such insurance
if the Company determines in good faith that such insurance is not reasonably available, if the premium costs for such insurance
are disproportionate to the amount of coverage provided, if the coverage provided by such insurance is limited by exclusions so
as to provide an insufficient benefit, or if Indemnitee is covered by similar insurance maintained by a Subsidiary or parent of
the Company.

 

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Section 9.         Contribution.  To
the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee
for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, may contribute to the amount incurred by Indemnitee,
whether for Liabilities and/or for Expenses, in connection with any Proceeding relating to an indemnifiable event under this Agreement,
in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect
(1) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving
rise to such Proceeding; and (2) the relative fault of the Company (and its directors, officers, employees and agents) and
Indemnitee in connection with such event(s) and/or transaction(s).

 

Section 10.         No
Duplication of Payments. The Company shall not be liable under this Agreement to make any payment to Indemnitee in respect
of any Expenses or Liabilities to the extent Indemnitee has otherwise received payment under any insurance policy, the Company’s
organizational document, other indemnity provisions or otherwise of the amounts otherwise indemnifiable by the Company hereunder.

 

Section 11.         Severability.  Nothing
in this Agreement is intended to require or shall be construed as requiring the Company to do or fail to do any act in violation
of applicable law.  The Company’s inability, pursuant to court order or applicable law, to perform its obligations
under this Agreement shall not constitute a breach of this Agreement.  The provisions of this Agreement shall be severable
as provided in this Section 11.  If this Agreement or any portion hereof shall be invalidated on any ground by any court
of competent jurisdiction, then the Company shall nevertheless indemnify Indemnitee to the full extent permitted by any applicable
portion of this Agreement that shall not have been invalidated, and the balance of this Agreement not so invalidated shall be enforceable
in accordance with its terms.

 

Section 12.         Exceptions.  Any
other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement:

 

(a)          Excluded
Acts.  To indemnify Indemnitee for any acts or omissions or transactions from which a director, officer, employee
or agent may not be relieved of liability under applicable law; or

 

(b)          Claims
Initiated by Indemnitee.  To indemnify or advance Expenses to Indemnitee with respect to any Proceeding initiated
or brought voluntarily by Indemnitee and not by way of defense, except with respect to Proceedings brought to establish or enforce
a right to indemnification under this Agreement or any other statute or law or otherwise as required under Section 317 of
the California General Corporation Law, but such indemnification or advancement of Expenses may be provided by the Company in specific
cases if the Company’s Board of Directors has approved the initiation or bringing of such Proceeding; or

 

(c)          Lack
of Good Faith.  To indemnify Indemnitee for any Expenses incurred by the Indemnitee with respect to any Proceeding
instituted by Indemnitee to enforce or interpret this Agreement, if a court of competent jurisdiction determines that the material
assertions made by the Indemnitee in such Proceeding were not made in good faith or were frivolous; or

 

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(d)          Insured
Claims.  To indemnify Indemnitee for Expenses or Liabilities that have been paid directly to Indemnitee by an insurance
carrier under a policy of directors and officers liability insurance maintained by the Company; or

 

(e)          Claims
under Section 16(b).  To indemnify Indemnitee for Expenses and the payment of profits arising from the purchase and
sale by Indemnitee of securities in violation of Section 16(b) of the Exchange Act or any similar successor statute; or

 

(f)          Claims
under Sarbanes-Oxley Act of 2002.  To indemnify Indemnitee for any reimbursement of the Company by Indemnitee of
any bonus or other incentive-based or equity-based compensation or of any profits realized by Indemnitee from the sale of securities
of the Company, as required in each case under the Exchange Act (including any such reimbursements that arise from an accounting
restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002, or the payment to the Company of profits
arising from the purchase and sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act of 2002).

 

Section 13.         Effectiveness
of Agreement.  This Agreement shall be effective as of the date set forth on the first page and shall apply to acts
or omissions of Indemnitee which occurred prior to such date if Indemnitee was serving in any Corporate Status at the time such
act or omission occurred.

 

Section 14.         Construction
of Certain Phrases.

 

(a)          As
used in this Agreement:

 

“Change of Control”
means any one of the following circumstances occurring after the date hereof: (i) there shall have occurred an event required
to be reported with respect to the Company in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any
similar item or any similar schedule or form) under the Exchange Act, regardless of whether the Company is then subject to such
reporting requirement; (ii) any “person” or “group” (as such terms are used in Sections 13(d) and
14(d) of the Exchange Act) shall have become, without prior approval of the Company’s Board of Directors by approval of at
least a majority of the Continuing Directors, the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act),
directly or indirectly, of securities of the Company representing more than 50% of the combined voting power of the Company’s
then outstanding voting securities (provided that, for purposes of this clause (ii), the term “person” shall exclude
(x) the Company and its affiliates, (y) any trustee or other fiduciary holding securities under an employee benefit plan
of the Company, and (z) any corporation owned, directly or indirectly, by the stockholders of the Company in substantially
the same proportions as their ownership of stock of the Company); (iii) there occurs a merger or consolidation of the Company
with any other entity, other than a merger or consolidation which would result in the voting securities of the Company outstanding
immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the surviving
entity outstanding immediately after such merger or consolidation and with the power to elect at least a majority of the board
of directors or other governing body of such surviving entity; (iv) all or substantially all the assets of the Company

 

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are
sold or disposed of in a transaction or series of related transactions; or (v) the approval by the stockholders of the Company
of a complete liquidation of the Company.

 

“Continuing Director”
means (i) each director on the Company’s Board of Directors on the date hereof or (ii) any new director whose election
or nomination for election by the Company’s stockholders was approved by a vote of at least a majority of the directors then
still in office who were directors on the date hereof or whose election or nomination was so approved.

 

“Corporate Status”
means the status of a person who is or was a director, officer, trustee, general partner, managing member, fiduciary, board of
directors’ committee member, employee or agent of the Company or of any other Enterprise.

 

“Enterprise”
means the Company, any Subsidiary and any other corporation, limited liability company, partnership, joint venture, trust, employee
benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, trustee,
general partner, managing member, fiduciary, board of directors’ committee member, employee or agent.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended.

 

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

 

“Expenses”
means all direct and indirect costs (including without limitation attorneys’ fees, retainers, court costs, transcripts, fees
of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery
service fees, and all other disbursements or expenses) reasonably and actually incurred in connection with (i) prosecuting,
defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in,
a Proceeding or (ii) establishing or enforcing a right to indemnification under this Agreement, the Company’s Amended
and Restated Articles of Incorporation or Amended and Restated ByLaws, applicable law or otherwise.  Expenses also shall
include Expenses incurred in connection with any appeal resulting from any Proceeding, including the premium, security for, and
other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent.  For the avoidance of
doubt, however, Expenses shall not include any Liabilities.

 

“Independent Counsel”
means a law firm, or a member of a law firm, that is experienced in matters of California corporate law and neither currently is,
nor in the five years prior to its selection or appointment has been, retained to represent (i) the Company or Indemnitee
in any matter material to either such party (other than with respect to matters concerning Indemnitee under this Agreement or of
other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim
for indemnification hereunder.  Notwithstanding the foregoing, the term “Independent Counsel” shall not include
any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing
either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement.

 

    	-10-

    	 

    

 

“Liabilities”
means any losses or liabilities, including without limitation any judgments, fines, ERISA excise taxes and penalties, penalties
and amounts paid in settlement, arising out of or in connection with any Proceeding (including all interest, assessments and other
charges paid or payable in connection with or in respect of any such judgments, fines, ERISA excise taxes and penalties, penalties
or amounts paid in settlement).

 

“Proceeding”
means any threatened, pending or completed action, derivative action, suit, claim, counterclaim, cross claim, arbitration, alternate
dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding,
whether civil (including intentional and unintentional tort claims), criminal, administrative or investigative, including any appeal
therefrom, and whether instituted by or on behalf of the Company or any other party, or any inquiry or investigation that Indemnitee
in good faith believes might lead to the institution of any such action, suit or other proceeding hereinabove listed in which Indemnitee
was, is or will be involved as a party, potential party, non-party witness or otherwise by reason of any Corporate Status of Indemnitee,
or by reason of any action taken (or failure to act) by him or her or of any action (or failure to act) on his or her part while
serving in any Corporate Status.

 

(b)          For
purposes of this Agreement:

 

References to “Company”
shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent)
absorbed in a consolidation or merger that, if its separate existence had continued, would have had power and authority to indemnify
its directors, officers, employees or agents, so that, if Indemnitee is or was a director, officer, employee or agent of such constituent
corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, Indemnitee shall stand in the same position under the provisions
of this Agreement with respect to the resulting or surviving corporation as Indemnitee would have with respect to such constituent
corporation if its separate existence had continued.

 

References to “Subsidiary”
shall include a corporation, company or other entity:

 

(i)          50%
or more of whose outstanding shares or securities (representing the right to vote for the election of directors or other managing
authority) are, or

 

(ii)         that
does not have outstanding shares or securities (as may be the case in a partnership, joint venture or unincorporated association),
but 50% or more of whose ownership interest representing the right to make decisions for such other entity is,

 

now or hereafter, owned or controlled, directly
or indirectly, by the Company, or one or more Subsidiaries.

 

References to “other
enterprises” shall include employee benefit plans; references to “fines” shall include any excise taxes assessed
on Indemnitee with respect to an employee benefit plan; and references to “serving at the request of the Company” shall
include any service as a director, officer, employee or agent of the Company that imposes duties on, or

 

    	-11-

    	 

    

 

involves services by, such
director, officer, employee or agent with respect to an employee benefit plan, its participants, or beneficiaries.

 

Section 15.         Counterparts.  This
Agreement may be executed in one or more counterparts, each of which shall constitute an original.

 

Section 16.         Successors
and Assigns.  This Agreement shall be binding upon the Company and its successors and assigns and shall inure to
the benefit of Indemnitee and Indemnitee’s estate, heirs, legal representatives and assigns.

 

Section 17.         Notice.  All
notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed duly given (i) if
delivered by hand or recognized courier and receipted for by the party addressee, on the date of such receipt, (ii) if mailed
by domestic certified or registered mail with postage prepaid, on the fifth business day after the date postmarked, or (iii) if
sent by confirmed facsimile, on the date sent.  Notices shall be addressed as follows:

 

(a)          if
to the Company:

 

Majesco

5 Penn Plaza, 33rd Street & 8th Avenue, 14th Floor

New York, NY 10001

Attention: Ketan Mehta, Chief Executive Officer,

Telephone No.: 646-731-1000

Telecopy No.: 646-674-1392

 

with a copy to (which shall not constitute notice):

 

Pepper Hamilton LLP

620 Eighth Avenue

New York, NY 10018

Attention: Valérie Demont

Telephone No.: 212.808.2745

Telecopy No.: 212.286.9806

 

(b)          if
to Indemnitee, to the address of Indemnitee set forth under Indemnitee’s signature below;

 

or to such other address or attention of such
other person as any party shall advise the other parties in writing.

 

Section 18.         Amendments.  No
supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto.  No
waiver of any of the provisions of this Agreement shall be binding unless in the form of a writing signed by the party against
whom enforcement of the waiver is sought, and no such waiver shall operate as a waiver of any other provisions hereof (whether
or not similar), nor shall such waiver

 

    	-12-

    	 

    

 

constitute a continuing waiver.  Except as specifically provided herein, no failure
to exercise or any delay in exercising any right or remedy hereunder shall constitute a waiver thereof.  

 

Section 19.         Rules
of Construction. The parties hereto agree that they have been represented by counsel during the negotiation and execution of
this Agreement and, therefore, waive the application of any law, regulation, holding or rule of construction providing that ambiguities
in an agreement or other document will be construed against the party drafting such agreement or document.

 

Section 20.         Assignment.
Indemnitee may not assign either this Agreement or any of his or her rights, interests, or obligations hereunder without the prior
written approval of the Company.

 

Section 21.         Entire
Agreement. This Agreement and the documents and instruments and other agreements among
the parties hereto as contemplated by or referred to herein, constitute the entire agreement among the parties with respect to
the subject matter hereof and supersede all prior agreements and understandings, both written and oral, among the parties with
respect to the subject matter hereof.

 

Section 22.         Consent
to Jurisdiction; Choice of Venue.  The Company and Indemnitee each hereby irrevocably consents to the jurisdiction
of the courts of the State of California and the federal courts within the State for all purposes in connection with any action
or proceeding that arises out of or relates to this Agreement and agrees that any action instituted under this Agreement shall
be brought only in the United States District Court for the Northern District of California and any California State court within
that District.

 

Section 23.         Choice
of Law.  This Agreement shall be governed by and its provisions construed in accordance with the laws of the State
of California as applied to contracts between California residents entered into and to be performed entirely within California.

 

Section 24.         
WAIVER OF JURY TRIAL.  EACH PARTY HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN
ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR THE ACTIONS OF THE PARTIES IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT HEREOF.

 

    	-13-

    	 

    

 

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

 

	 	MAJESCO
	 	 	 	 
	 	By:	 	 
	 	 	[_________]	 

 

	AGREED TO AND ACCEPTED:	 	 
	INDEMNITEE:	 	 
	 	 	 	 
	 	 	 	 
	Name:	 	 	 
	 	 	 	 
	Address:	 	 

 

    	-14-Exhibit 10.3

 

MAJESCO

 

2015 EQUITY INCENTIVE PLAN

 

1.                  PURPOSE.
The purpose of this Plan is to provide incentives to attract, retain and motivate eligible persons
whose present and potential contributions are important to the success of the Company, and any Parents and Subsidiaries that exist
now or in the future, by offering them an opportunity to participate in the Company’s future performance through the grant
of Awards. Capitalized terms not defined elsewhere in the text are defined in Section 26.

 

2.                SHARES
SUBJECT TO THE PLAN.

 

2.1.          Number
of Shares Available. Subject to Sections 2.5 and 20 and any other applicable provisions hereof, the total number of Shares
reserved and available for grant and issuance pursuant to this Plan as of the date of adoption of the Plan by the Board, is 3,877,263
Shares, which amount includes all Shares issuable pursuant to the stock options and restricted stock awards issued by Cover-All
Technologies Inc. under the Cover-All Technologies Inc. Amended and Restated 2005 Stock Incentive Plan (the “Prior
Plan”) that will be assumed pursuant to the Merger Agreement dated December
14, 2014, as amended, between the Company and Cover-All Technologies Inc.

 

2.2.          Lapsed,
Returned Awards. Shares subject to Awards, and Shares issued under the Plan under any Award, will again be available for grant
and issuance in connection with subsequent Awards under this Plan to the extent such Shares: (a) are subject to issuance upon exercise
of an Option or SAR granted under this Plan but which cease to be subject to the Option
or SAR for any reason other than exercise of the Option or SAR; (b) are subject to Awards granted under this Plan that are
forfeited or are repurchased by the Company at the original issue price; or (c) are subject
to Awards granted under this Plan that otherwise terminate without such Shares being issued.
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.  Shares used or withheld
to pay the exercise price of an Award or to satisfy the tax withholding obligations
related to an Award will become available for future grant or sale under the Plan. For the avoidance of doubt, Shares that otherwise
become available for grant and issuance because of the provisions of this Section 2.2 shall not include Shares subject to Awards
that initially became available because of the substitution clause in Section 20.2 hereof.

 

2.3.          Minimum
Share Reserve. At all times the Company shall reserve and keep available a sufficient number of Shares as shall be required
to satisfy the requirements of all outstanding Awards granted under this Plan.

 

2.4.          Limitations.
No more than 3,877,263 Shares shall be issued pursuant to the exercise of ISOs.

 

2.5.         Adjustment
of Shares. If the number of outstanding Shares is changed by a stock dividend, recapitalization, stock split, reverse stock
split, subdivision, combination, reclassification or similar change in the capital structure of the Company, without consideration,

 

    	 

    	 

    

  

then
(a) the number of Shares reserved for issuance and future grant under the Plan set forth in Section 2.1, (b) the Exercise
Prices of and number of Shares subject to outstanding Options and SARs, (c) the number of
Shares subject to other outstanding Awards, (d) the maximum number of shares that may be issued as ISOs set forth in Section
2.4, (e) the maximum number of Shares that may be issued to an individual or to a new Employee in any one calendar year set forth
in Section 3 and (f) the number of Shares that are granted as Awards to Non-Employee Directors as set forth in Section
11, shall be proportionately adjusted, subject to any required action by the Board or the stockholders of the Company and in compliance
with applicable securities laws; provided that fractions of a Share will not be issued.  Notwithstanding the foregoing:
(i) any adjustments made to Awards that are considered “deferred compensation” within the meaning of Section 409A of
the Code shall be made in compliance with the requirements of Section 409A of the Code; and (ii) any adjustments to Awards that
are not considered “deferred compensation” subject to Section 409A of the Code shall be made in such manner as to ensure
that after such adjustment, the Awards either continue not to be subject to Section 409A of the Code or comply with the requirements
of Section 409A of the Code.

 

3.            ELIGIBILITY.  
ISOs may be granted only to Employees of the Company. All other Awards may be granted to Employees,
Consultants, Directors and Non-Employee Directors of the Company or any Parent
or Subsidiary, provided such Employee,
Consultant, Director or Non-Employee Director provides services to the Company and/or its subsidiaries. No Participant will
be eligible to receive more than 1,000,000 Shares in any calendar year under this Plan.

 

4.            ADMINISTRATION.

 

4.1.          Committee
Composition; Authority. This Plan will be administered by the Committee or by the Board acting as the Committee. Subject
to the general purposes, terms and conditions of this Plan, and to the direction of the Board, the Committee will have full power
to implement and carry out this Plan, except, however, the Board shall establish the terms
for the grant of any Award to Non-Employee Directors. The Committee will have the
authority to:

 

(a)          construe
and interpret this Plan, any Award Agreement and any other agreement or document executed pursuant to this Plan;

 

(b)          prescribe,
amend and rescind rules and regulations relating to this Plan or any Award;

 

(c)        select
persons to receive Awards;

 

(d)          determine
the form and terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder. Such terms
and conditions include, but are not limited to, the exercise price, the time or times when Awards may vest and be exercised (which
may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions,
and any restriction or limitation regarding any Award or the Shares relating thereto, based in each case on such factors
as the Committee will determine;

 

(e)          determine
the number of Shares or other consideration subject to Awards;

 

    	-2-

    	 

    

 

(f)          determine
the Fair Market Value in good faith and interpret the applicable provisions of this Plan and the definition of Fair Market
Value in connection with circumstances that impact the Fair Market Value, if necessary;

 

(g)        determine
whether Awards will be granted singly, in combination with, in tandem with, in replacement of, or as alternatives to, other Awards
under this Plan or any other incentive or compensation plan of the Company or any Parent or Subsidiary;

 

(h)        grant
waivers of Plan or Award conditions;

 

(i)         determine
the vesting, exercisability and payment of Awards;

 

(j)          correct
any defect, supply any omission or reconcile any inconsistency in this Plan, any Award or any Award Agreement;

 

(k)        determine
whether an Award has been earned;

 

(l)          reduce
or waive any criteria with respect to Performance Factors;

 

(m)        adjust
Performance Factors to take into account changes in law and accounting or tax rules as the Committee deems necessary or
appropriate to reflect the impact of extraordinary or unusual items, events or circumstances to avoid windfalls or hardships provided
that such adjustments are consistent with the regulations promulgated under Section 162(m)
of the Code with respect to persons whose compensation is subject to Section 162(m)
of the Code;

 

(n)        adopt
rules and/or procedures (including the adoption of any subplan under this Plan) relating to the operation and administration
of the Plan to accommodate requirements of local law and procedures outside of the United States;

 

(o)        make
all other determinations necessary or advisable for the administration of this Plan; and

 

(p)        delegate
any of the foregoing to a subcommittee consisting of one or more executive officers pursuant to a specific delegation.

 

4.2.          Committee
Interpretation and Discretion. Any determination made by the Committee with respect to any Award shall be made in its
sole discretion at the time of grant of the Award or, unless in contravention of any express term of the Plan or Award, at any
later time, and such determination shall be final and binding on the Company and all persons
having an interest in any Award under the Plan. Any dispute regarding the interpretation
of the Plan or any Award Agreement shall be submitted by the Participant or Company to the Committee for review. The resolution
of such a dispute by the Committee shall be final and binding on the Company and the Participant. The Committee may delegate to
one or more executive officers the authority to review and resolve disputes with respect
to Awards held by Participants, and such resolution shall be final and binding on the Company and the Participant.

 

    	-3-

    	 

    

  

4.3.          Section
162(m) of the Code and Section 16 of the Exchange Act. When necessary or desirable for an Award to qualify as “performance-based
compensation” under Section 162(m) of the Code the Committee shall include at least two persons who are “outside directors”
(as defined under Section 162(m) of the Code) and at least two (or a majority if more than
two then serve on the Committee) such “outside directors” shall approve the grant of such Award and timely determine
(as applicable) the Performance Period and any Performance Factors upon which vesting or
settlement of any portion of such Award is to be subject. When required by Section 162(m) of the Code, prior to settlement of any
such Award at least two (or a majority if more than two then serve on the Committee) such “outside directors”
then serving on the Committee shall determine and certify in writing the extent to which such Performance Factors have been timely
achieved and the extent to which the Shares subject to such Award have thereby been earned.
Awards granted to Participants who are subject to Section 16 of the Exchange Act (or any successor of the Exchange Act) must be
approved by two or more “non-employee directors” (as defined in the regulations
promulgated under Section 16 of the Exchange Act (or any successor of the Exchange
Act)). With respect to Participants whose compensation is subject to Section
162(m) of the Code, and provided that such adjustments are consistent with the regulations promulgated under Section 162(m) of
the Code, the Committee may adjust the performance goals to account for changes in law and accounting and to make such adjustments
as the Committee deems necessary or appropriate to reflect the impact of extraordinary or unusual items, events or circumstances
to avoid windfalls or hardships, including without limitation (i) restructurings, discontinued operations, extraordinary items,
and other unusual or non-recurring charges, (ii) an event either not directly related to the operations of the Company or not within
the reasonable control of the Company’s management, or (iii) a change in accounting standards required by generally accepted
accounting principles.

 

4.4.          Documentation.
The Award Agreement for a given Award, the Plan and any other documents may be delivered to, and accepted by, a Participant or
any other person in any manner (including electronic distribution or posting) that meets applicable legal requirements.

 

5.             OPTIONS.
The Committee may grant Options to Participants and will determine whether
such Options will be Incentive Stock Options within the meaning of the Code (“ISOs”)
or Nonqualified Stock Options (“NQSOs”), the number of Shares
subject to the Option, the Exercise Price of the Option, the period during which the Option may vest and be exercised, and all
other terms and conditions of the Option, subject to the following:

 

5.1.                Option
Grant. Each Option granted under this Plan will identify the Option as an ISO or an NQSO. An Option may be, but need not be,
awarded upon satisfaction of such Performance Factors during any Performance Period as are set out in advance in the Participant’s
individual Award Agreement. If the Option is being earned upon the satisfaction of Performance
Factors, then the Committee will: (x) determine the nature, length and starting date of any Performance Period for each
Option; and (y) select from among the Performance Factors to be used to measure the performance, if any. Performance Periods may
overlap and Participants may participate simultaneously with respect to Options that are subject to different performance goals
and other criteria.

 

    	-4-

    	 

    

  

5.2.             Date
of Grant. The date of grant of an Option will be the date on which the Committee makes the determination to grant such Option,
or a specified future date. The Award Agreement and a copy of this Plan will be delivered to the Participant within a reasonable
time after the granting of the Option.

 

5.3.          Exercise
Period. Options may be vested and exercisable within the times or upon the conditions as set forth in the Award Agreement
governing such Option; provided, however, that no Option will be exercisable after the expiration of ten (10) years
from the date the Option is granted; and provided further that no ISO granted to a
person who, at the time the ISO is granted, directly or by attribution owns more than ten percent (10%) of the total combined
voting power of all classes of stock of the Company or of any Parent or Subsidiary of the
Company (“Ten Percent Stockholder”) will be exercisable after the expiration of five (5) years from the
date the ISO is granted. The Committee also may provide for Options to become exercisable at one time or from time to time, periodically
or otherwise, in such number of Shares or percentage of Shares as the Committee determines.

 

5.4.             Exercise
Price. The Exercise Price of an Option will be determined by the Committee when the Option is granted; provided that: (i) the
Exercise Price of any ISO will not be less than one hundred percent (100%) of the Fair Market Value of the Shares on the date of
grant and (ii) the Exercise Price of any ISO granted to a Ten Percent Stockholder will not be less than one hundred ten percent
(110%) of the Fair Market Value of the Shares on the date of grant. Payment for the Shares purchased may be made in accordance
with Section 10 and the Award Agreement and in accordance with any procedures established by the Company.

 

5.5.          Method
of Exercise. Any Option granted hereunder will be vested and exercisable according to the terms of the Plan and at such times
and under such conditions as determined by the Committee 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 Committee may specify 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 all applicable withholding taxes).
Full payment may consist of any consideration and method of payment authorized by the Committee
and permitted by the Award Agreement and the Plan. The Committee may, in its sole discretion, permit payment of the exercise
price of an Option in the form of previously acquired Shares based on the Fair Market Value of the Shares on the date the Option
is exercised or through means of a “net settlement,” whereby the Option exercise price will not be due in cash and
where the number of Shares issued upon such exercise will be equal to: (A) the product of (i) the number of Shares as
to which the Option is then being exercised, and (ii) the excess, if any, of (a) the then current Fair Market Value per
Share over (b) the Option exercise price, divided by (B) the then current Fair Market Value per Share
Shares issued upon exercise of an Option will be issued in the name of the Participant.
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, notwithstanding the exercise of the Option. 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
2.5 of the Plan. Except as provided in Section 2.2, exercising an Option in any manner

 

    	-5-

    	 

    

  

will
decrease the number of Shares thereafter available, both for purposes of the Plan and for sale under the Option,
by the number of Shares as to which the Option is exercised.

 

5.6.         Termination.
The exercise of an Option will be subject to the following (except as may be otherwise provided in an Award Agreement
or as otherwise provided by the Committee):

 

(a)          If
the Participant is Terminated for any reason except for Cause or the Participant’s death or Disability, then the Participant
may exercise such Participant’s Options only to the extent that such Options would have been vested and exercisable by the
Participant on the Termination Date no later than ninety (90) days after the Termination Date,
but in any event no later than the expiration date of the Options.

 

(b)          If
the Participant is Terminated because of the Participant’s death (or the Participant dies within ninety (90) days after a
Termination other than for Cause or because of the Participant’s Disability), then the Participant’s Options
may be exercised only to the extent that such Options would have been vested and exercisable
by the Participant on the Termination Date and must be exercised by the Participant’s legal representative, or authorized
assignee, no later than twelve (12) months after the Termination Date (or such shorter time period not less than six (6)
months or longer time period as may be determined by the Committee), but in any event no later than the expiration
date of the Options.

 

(c)          If
the Participant is Terminated because of the Participant’s Disability, then the Participant’s Options may be exercised
only to the extent that such Options would have been vested and exercisable by the Participant on the Termination Date and must
be exercised by the Participant (or the Participant’s legal representative or authorized assignee) no later than twelve (12)
months after the Termination Date (or such shorter time period not less than six (6) months
or longer time period as may be determined by the Committee), but in any event no later than the expiration date
of the Options.

 

(d)          If
the Participant is Terminated for Cause, then all of the Participant’s Options, regardless of whether such Option is vested
or unvested, shall expire on such Participant’s Termination Date. Unless otherwise
provided in the Award Agreement, Cause will have the meaning set forth in the Plan.

 

(e)          Unless
otherwise provided by the Committee, all of a Participant’s Options, which are
unvested and/or unexercisable at the time of the Participant’s Termination shall be immediately forfeited as of the Termination
Date with no further compensation due to the Participant.

 

5.7.             Limitations
on Exercise. The Committee may specify a minimum number of Shares that may be purchased on any exercise of an Option, provided
that such minimum number will not prevent any Participant from exercising the Option for the full number of Shares for which it
is then exercisable.

 

5.8.            Limitations
on ISOs. With respect to Awards granted as ISOs, to the extent that the aggregate Fair Market Value of the Shares with respect
to which such ISOs are exercisable for the first time by the Participant during any calendar year (under all plans of the

 

    	-6-

    	 

    

  

Company
and any Parent or Subsidiary of the Company) exceeds one hundred thousand dollars ($100,000), such Options will be treated as NQSOs.
For purposes of this Section 5.8, ISOs will be taken into account in the order in which they were granted. The Fair Market
Value of the Shares will be determined as of the time the Option with respect to such Shares is granted. In the event that the
Code or the regulations promulgated thereunder are amended after the Effective Date to provide
for a different limit on the Fair Market Value of Shares permitted to be subject to ISOs, such different limit will be automatically
incorporated herein and will apply to any Options granted after the effective date of such amendment.

 

5.9.          No
Disqualification. Notwithstanding any other provision in this Plan, no term of this Plan relating to ISOs will be interpreted,
amended or altered, nor will any discretion or authority granted under this Plan be exercised,
so as to disqualify this Plan under Section 422 of the Code or, without the consent of the Participant affected, to disqualify
any ISO under Section 422 of the Code.

 

6.             RESTRICTED
STOCK AWARDS.

 

6.1.          Awards
of Restricted Stock. A Restricted Stock Award is an offer by the Company of Shares that are subject to restrictions (“Restricted
Stock”). The Committee will determine to whom an offer will be made, the number of Shares to
be granted or that the Participant may purchase, the Purchase Price (if any), the restrictions under which the Shares will be subject
and all other terms and conditions of the Restricted Stock Award, subject to the Plan.

 

6.2.              Purchase
Price. Any Purchase Price for a Restricted Stock Award will be determined by the Committee and may be less than Fair Market
Value on the date the Restricted Stock Award is granted. Payment of the Purchase Price must be made in accordance with Section
10 of the Plan, and the Award Agreement and in accordance with any procedures established by the Company.

 

6.3.            Terms
of Restricted Stock Awards. Restricted Stock Awards will be subject to such restrictions as the Committee may impose or are
required by law.  These restrictions may be based on completion of a specified number of years of service with the Company
or upon completion of Performance Factors, if any, during any Performance Period as set out
in advance in the Participant’s Award Agreement. Prior to the grant of a Restricted
Stock Award, the Committee shall: (a) determine the nature, length and starting date of any Performance Period for the Restricted
Stock Award; (b) select from among the Performance Factors to be used to measure performance goals, if any; and (c) determine the
number of Shares that may be awarded to the Participant. Performance Periods may overlap and
a Participant may participate simultaneously with respect to Restricted Stock Awards that are subject to different Performance
Periods and having different performance goals and other criteria.

 

6.4.            Termination
of Participant. Except as may be set forth in the Participant’s Award Agreement, vesting ceases on such Participant’s
Termination Date (unless determined otherwise by the Committee).

 

    	-7-

    	 

    

  

7.            STOCK
APPRECIATION RIGHTS.

 

7.1.                 Awards
of SARs. A Stock Appreciation Right (“SAR”) is an award to a Participant that may be settled in cash,
or Shares (which may consist of Restricted Stock), having a value equal to (a) the difference between the Fair Market Value on
the date of exercise over the Exercise Price multiplied by (b) the number of Shares with
respect to which the SAR is being settled (subject to any maximum number of Shares that may be issuable as specified in
an Award Agreement). All SARs shall be made pursuant to an Award Agreement.

 

7.2.             Terms
of SARs. The Committee will determine the terms of each SAR including, without limitation: (a) the number of Shares subject
to the SAR; (b) the Exercise Price and the time or times during which the SAR may be settled; (c) the consideration to be distributed
on settlement of the SAR; and (d) the effect of the Participant’s Termination on each
SAR. The Exercise Price of the SAR will be determined by the Committee when the SAR
is granted, and may not be less than Fair Market Value. A SAR may be awarded upon satisfaction of Performance Factors, if any,
during any Performance Period as are set out in advance in the Participant’s individual Award Agreement. If the SAR is being
earned upon the satisfaction of Performance Factors, then the Committee will: (x)
determine the nature, length and starting date of any Performance Period for each SAR;
and (y) select from among the Performance Factors to be used to measure the performance, if any. Performance Periods may overlap
and Participants may participate simultaneously with respect to SARs that are subject to different Performance Factors and other
criteria.

 

7.3.           Exercise
Period and Expiration Date. A SAR will be exercisable within the times or upon the occurrence of events determined by the Committee
and set forth in the Award Agreement governing such SAR. The SAR Agreement shall set forth the expiration date; provided that no
SAR will be exercisable after the expiration of ten (10) years from the date the SAR is granted. The Committee may also provide
for SARs to become exercisable at one time or from time to time, periodically or otherwise (including, without limitation,
upon the attainment during a Performance Period of performance goals based on Performance
Factors), in such number of Shares or percentage of the Shares subject to the SAR as the Committee determines. Except as
may be set forth in the Participant’s Award Agreement, vesting ceases on such Participant’s Termination Date
(unless determined otherwise by the Committee). Notwithstanding the foregoing, the rules of Section 5.6 also will apply to SARs.

 

7.4.          Form
of Settlement. Upon exercise of a SAR, 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 SAR is exercised. At the discretion of the Committee, the payment from the
Company for the SAR exercise may be in cash, in Shares of equivalent value, or in some combination
thereof. The portion of a SAR being settled may be paid currently or on a deferred basis with such interest or dividend equivalent,
if any, as the Committee determines, provided that the terms of the SAR and any deferral
satisfy the requirements of Section 409A of the Code.

 

8.            RESTRICTED
STOCK UNITS.

 

8.1.                 Awards
of Restricted Stock Units. A Restricted Stock Unit (“RSU”) is an award to a Participant covering
a number of Shares that may be settled in cash, or by issuance of

 

    	-8-

    	 

    

  

those
Shares (which may consist of Restricted Stock). All RSUs shall be made pursuant to an Award Agreement.

 

8.2.              Terms
of RSUs. The Committee will determine the terms of an RSU including, without limitation: (a) the number of Shares subject to
the RSU; (b) the time or times during which the RSU may be settled; (c) the consideration to be distributed on settlement; and
(d) the effect of the Participant’s Termination on each RSU. An RSU may be awarded upon satisfaction of such performance
goals based on Performance Factors during any Performance Period as are set out in advance in the Participant’s Award
Agreement. If the RSU is being earned upon satisfaction of Performance Factors, then the Committee will: (x) determine the nature,
length and starting date of any Performance Period for the RSU; (y) select from among the Performance Factors to be used to measure
the performance, if any; and (z) determine the number of Shares deemed subject to the RSU.
Performance Periods may overlap and participants may participate simultaneously with respect to RSUs that are subject to different
Performance Periods and different performance goals and other criteria.

 

8.3.              Form
and Timing of Settlement. Payment of earned RSUs shall be made as soon as practicable after the date(s) determined by the Committee
and set forth in the Award Agreement. The Committee, in its sole discretion, may settle earned RSUs in cash, Shares, or a combination
of both. The Committee may also permit a Participant to defer payment under a RSU to a date
or dates after the RSU is earned provided that the terms of the RSU and any deferral satisfy the requirements of Section
409A of the Code.

 

8.4.             Termination
of Participant. Except as may be set forth in the Participant’s Award Agreement, vesting ceases on such Participant’s
Termination Date (unless determined otherwise by the Committee).

 

9.            PERFORMANCE
AWARDS.

 

9.1.                 Performance
Awards. A Performance Award is an award to a Participant of a cash bonus or a Performance Share bonus. Grants of Performance
Awards shall be made pursuant to an Award Agreement.

 

9.2.              Terms
of Performance Awards. The Committee will determine, and each Award Agreement shall set forth, the terms of each award
of Performance Award including, without limitation: (a) the amount of any cash bonus; (b) the number of Shares deemed subject to
a Performance Share bonus; (c) the Performance Factors and Performance Period that shall
determine the time and extent to which each Performance Award shall be settled; (d)
the consideration to be distributed on settlement; and (e) the effect of the Participant’s Termination on each Performance
Award. In establishing Performance Factors and the Performance Period the Committee will: (x) determine the nature, length and
starting date of any Performance Period; and (y) select from among the Performance Factors
to be used. Prior to settlement the Committee shall determine the extent to which Performance
Awards have been earned. Performance Periods may overlap and Participants may participate simultaneously
with respect to Performance Awards that are subject to different Performance Periods and different performance goals and other
criteria. No Participant will be eligible to receive more than $5,000,000 in Performance
Awards in any calendar year under this Plan.

 

    	-9-

    	 

    

  

9.3.          Value.
Earning and Timing of Performance Shares. Any Performance Share bonus will have an initial value equal to the Fair Market Value
of a Share on the date of grant. After the applicable Performance Period has ended, the holder of a Performance Share bonus will
be entitled to receive a payout of the number of Shares earned by the Participant over the
Performance Period, to be determined as a function of the extent to which the corresponding Performance Factors or other
vesting provisions have been achieved. The Committee, in its sole discretion, may pay an earned
Performance Share bonus in the form of cash, in Shares (which have an aggregate Fair Market Value equal to the value of the earned
Performance Shares at the close of the applicable Performance Period) or in a combination thereof. Performance Share bonuses may
also be settled in Restricted Stock.

 

9.4.          Termination
of Participant. Except as may be set forth in the Participant’s Award Agreement, vesting ceases on such Participant’s
Termination Date (unless determined otherwise by the Committee).

 

10.          PAYMENT
FOR SHARE PURCHASES.

 

Payment from a Participant
for Shares purchased pursuant to this Plan may be made in cash or by check or, where expressly approved for
the Participant by the Committee and where permitted by law (and to the extent not otherwise set forth in the applicable Award
Agreement):

 

(a)          by
cancellation of indebtedness of the Company to the Participant;

 

(b)          by
surrender of shares of the Company held by the Participant that have a Fair Market Value on the date of surrender equal to
the aggregate exercise price of the Shares as to which said Award will be exercised or settled;

 

(c)          by
waiver of compensation due or accrued to the Participant for services rendered or to be rendered to the Company or a Parent
or Subsidiary;

 

(d)          by
consideration received by the Company pursuant to a broker-assisted or other form of cashless exercise program implemented
by the Company in connection with the Plan;

 

(e)          by
any combination of the foregoing; or

 

(f)          by
any other method of payment as is permitted by applicable law.

 

11.          GRANTS
TO NON-EMPLOYEE DIRECTORS.

 

11.1.             Types
of Awards. Non-Employee Directors are eligible to receive any type of Award offered under this Plan except ISOs. Awards pursuant
to this Section 11 may be automatically made pursuant to policy adopted by the Board, or made from time to time as determined in
the discretion of the Board.

 

    	-10-

    	 

    

 

11.2.            Eligibility.
Awards pursuant to this Section 11 shall be granted only to Non-Employee Directors. A Non-Employee Director who is
elected or re-elected as a member of the Board will be eligible to receive an Award under this Section 11. 

 

11.3.            Vesting.
Exercisability and Settlement. Except as set forth in Section 20, Awards shall vest, become exercisable and be settled as determined
by the Board.

 

11.4.            Election
to receive Awards in Lieu of Cash. A Non-Employee Director may elect to receive his or her annual retainer payments and/or
meeting fees from the Company in the form of cash or Awards or a combination thereof, as determined by the Committee. Such Awards
shall be issued under the Plan. An election under this Section 11.4 shall be filed with the
Company on the form prescribed by the Company.

 

12.          WITHHOLDING
TAXES.

 

12.1.             Withholding
Generally. Whenever Shares are to be issued in satisfaction of Awards granted under this Plan, the Company may require the
Participant to remit to the Company, or to the Parent or Subsidiary employing the Participant, an amount sufficient to satisfy
applicable U.S. federal, state, local and international withholding tax requirements or any
other tax liability legally due from the Participant prior to the delivery of Shares pursuant to exercise or settlement
of any Award. Whenever payments in satisfaction of Awards granted under this Plan are to be made in cash, such payment will be
net of an amount sufficient to satisfy applicable U.S. federal, state, local and international withholding tax requirements or
any other tax liability legally due from the Participant.

 

12.2.           Stock
Withholding. The Committee, in its sole discretion and pursuant to such procedures as it may specify from time to time and
to limitations of local law, may require or permit a Participant to satisfy such tax withholding
obligation or any other tax liability legally due from the Participant, 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 statutory amount required to be withheld, or (iii) delivering to the Company already- owned
Shares having a Fair Market Value equal to the minimum amount required to be withheld. 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.

 

13.          TRANSFERABILITY.

 

13.1.              Transfer
Generally. Unless determined otherwise by the Committee or pursuant to Section 13.2, 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. If the Committee
makes an Award transferable, including, without limitation, by instrument to an inter vivos or testamentary trust in which the
Awards are to be passed to beneficiaries upon the death of the trustor (settlor) or
by gift to a Permitted Transferee, such Award will contain such additional terms and conditions as the Committee deems appropriate.
All Awards shall be exercisable: (i) during the Participant’s lifetime only by (A) the Participant,
or (B) the Participant’s guardian or legal

 

    	-11-

    	 

    

  

representative;
(ii) after the Participant’s death, by the legal representative of the Participant’s heirs or legatees; and (iii) in
the case of all awards except ISOs, by a Permitted Transferee.

 

13.2.         Award
Transfer Program. Notwithstanding any contrary provision of the Plan, the Committee shall have all discretion and authority
to determine and implement the terms and conditions of any Award Transfer Program instituted pursuant to this Section 13.2 and
shall have the authority to amend the terms of any Award participating, or otherwise eligible to participate in, the Award Transfer
Program, including (but not limited to) the authority to (i) amend (including to extend) the
expiration date, post-termination exercise period and/or forfeiture conditions of any such Award, (ii) amend or remove any provisions
of the Award relating to the Award holder’s continued service to the Company, (iii) amend the permissible payment methods
with respect to the exercise or purchase of any such Award, (iv) amend the adjustments to be implemented in the event of changes
in the capitalization and other similar events with respect to such Award, and (v) make such other changes to the terms of such
Award as the Committee deems necessary or appropriate in its sole discretion.

 

14.          PRIVILEGES
OF STOCK OWNERSHIP: RESTRICTIONS ON SHARES.

 

14.1.               Voting
and Dividends. No Participant will have any of the rights of a stockholder with respect to any Shares until the Shares are
issued to the Participant, except for any dividend equivalent rights permitted by an applicable Award Agreement. After Shares are
issued to the Participant, the Participant will be a stockholder and have all the rights of
a stockholder with respect to such Shares, including the right to vote and receive all dividends or other distributions
made or paid with respect to such Shares; provided, that if such Shares are Restricted Stock, then any new, additional or
different securities the Participant may become entitled to receive with respect to such Shares by virtue of a stock dividend,
stock split or any other change in the corporate or capital structure of the Company will
be subject to the same restrictions as the Restricted Stock; provided, further,
that the Participant will have no right to retain such stock dividends or stock distributions with respect to Shares that are repurchased
at the Participant’s Purchase Price or Exercise Price, as the case may be, pursuant to Section 14.2.

 

14.2.             Restrictions
on Shares. At the discretion of the Committee, the Company may reserve to itself and/or its assignee(s) a right to repurchase
(a “Right of Repurchase”) a portion of any or all Unvested Shares held by a Participant following such
Participant’s Termination at any time within ninety (90) days after the later
of the Participant’s Termination Date and the date the Participant purchases Shares under this Plan, for cash
and/or cancellation of purchase money indebtedness, at the Participant’s Purchase Price or Exercise Price, as the case may
be.  

 

15.              CERTIFICATES.
All Shares or other securities whether or not certificated, delivered under this Plan will be
subject to such stock transfer orders, legends and other restrictions as the Committee may
deem necessary or advisable, including restrictions under any applicable U.S. federal,
state or foreign securities law, or any rules, regulations and other requirements of the SEC or any stock exchange or automated
quotation system upon which the Shares may be listed or quoted and any non-U.S. exchange controls or securities law restrictions
to which the Shares are subject.

 

    	-12-

    	 

    

  

16.               ESCROW:
PLEDGE OF SHARES. To enforce any restrictions on a Participant’s Shares, the Committee
may require the Participant to deposit all certificates representing Shares, together
with stock powers or other instruments of transfer approved by the Committee, appropriately endorsed in blank, with the Company
or an agent designated by the Company to hold in escrow until such restrictions have lapsed or terminated, and
the Committee may cause a legend or legends referencing such restrictions to be placed on the certificates. Any Participant who
is permitted to execute a promissory note as partial or full consideration for the purchase of Shares under this Plan will be required
to pledge and deposit with the Company all or part of the Shares so purchased as collateral
to secure the payment of the Participant’s obligation to the Company under the promissory
note; provided, however, that the Committee may require or accept other or additional forms of collateral to secure
the payment of such obligation and, in any event, the Company will have full recourse against the Participant under the
promissory note notwithstanding any pledge of the Participant’s Shares or other collateral. In connection with any pledge
of the Shares, the Participant will be required to execute and deliver a written pledge agreement in such form as the Committee
will from time to time approve. The Shares purchased with the promissory note may be released
from the pledge on a pro rata basis as the promissory note is paid.

 

17.          REPRICING.  Without
prior stockholder approval the Committee may (i) reprice Options or SARS (and
where such repricing is a reduction in the Exercise Price of outstanding Options or SARS, the consent of the affected Participants
is not required provided written notice is provided to them, notwithstanding any adverse tax consequences to them arising from
the repricing), and (ii) with the consent of the respective Participants, pay cash or issue
new Awards in exchange for the surrender and cancellation of any, or all, outstanding Awards.

 

18.              SECURITIES
LAW AND OTHER REGULATORY COMPLIANCE. An Award will not be effective unless such Award is
in compliance with all applicable U.S. and foreign federal and state securities
laws, rules and regulations of any governmental body, and the requirements of any stock exchange
or automated quotation system upon which the Shares may then be listed or quoted, as they are in effect on the date
of grant of the Award and also on the date of exercise or other issuance. Notwithstanding any other provision in this Plan, the
Company will have no obligation to issue or deliver certificates for Shares under this Plan prior to: (a) obtaining any approvals
from governmental agencies that the Company determines are necessary or advisable; and/or (b) completion of any registration or
other qualification of such Shares under any state or federal or foreign law or ruling of any governmental body that the
Company determines to be necessary or advisable. The Company will be under no obligation to register the Shares with the SEC or
to effect compliance with the registration, qualification or listing requirements of any foreign
or state securities laws, stock exchange or automated quotation system, and the Company will have no liability for any inability
or failure to do so.

 

19.             NO
OBLIGATION TO EMPLOY. Nothing in this Plan or any Award granted under this Plan will confer
or be deemed to confer on any Participant any right to continue in the employ of, or to continue any other relationship with, the
Company or any Parent or Subsidiary or limit in any way the right of the Company or any Parent
or Subsidiary to terminate Participant’s employment or other relationship at any time.

 

    	-13-

    	 

    

 

20.             CORPORATE
TRANSACTIONS.

 

20.1.         In
the event of a Corporate Transaction, and notwithstanding anything to the contrary set forth in the Plan, the Committee may, in
its sole and absolute discretion and without the need for the consent of any Participant, take one or more of the following actions
contingent upon the occurrence of that Corporate Transaction: 

 

20.1.1.          cause
any or all outstanding Awards to become vested and immediately exercisable (as applicable), in whole or in part;

 

20.1.2.          cause
any outstanding Option to become fully vested and immediately exercisable for a reasonable period in advance of the Corporate Transaction
and, to the extent not exercised prior to that Corporate Transaction, cancel that Option upon closing of the Corporate Transaction;

 

20.1.3.          cancel
any Award in exchange for a substitute award;

 

20.1.4.          redeem
any Restricted Stock or Restricted Stock Unit for cash and/or other substitute consideration with value equal to Fair Market Value
of an unrestricted Share on the date of the Corporate Transaction;

 

20.1.5.          cancel
any Option in exchange for cash and/or other substitute consideration with a value equal to: (A) the number of Shares subject to
that Option, multiplied by (B) the difference, if any, between the Fair Market Value per Share on the date of the Corporate Transaction
and the Exercise Price of that Option; provided, that if the Fair Market Value per Share on the date of the Corporate Transaction
does not exceed the Exercise Price of any such Option, the Committee may cancel that Option without any payment of consideration
therefor;

 

20.1.6.          take
such other action as the Committee shall determine to be reasonable under the circumstances; and/or

 

20.1.7.          notwithstanding
any provision of this Section 20, in the case of any Award subject to Section 409A of the Code, such Award shall vest and be distributed
only in accordance with the terms of the applicable Award Agreement and the Committee shall only be permitted to use discretion
to the extent that such discretion would be permitted under Section 409A of the Code.  

 

20.2.          In
the discretion of the Committee, any cash or substitute consideration payable upon cancellation of an Award may be subjected to
(i) vesting terms substantially identical to those that applied to the cancelled Award immediately prior to the Corporate
Transaction, or (ii) earn-out, escrow, holdback or similar arrangements, to the extent such
arrangements are applicable to any consideration paid to stockholders in connection with the Corporate Transaction.

 

20.3.          The
Company, from time to time, also may substitute or assume outstanding awards granted by another company, whether in connection
with an acquisition of such other company or otherwise, by either; (a) granting an Award under
this Plan in substitution of such other company’s award; or (b) assuming such award as if it had been granted under this
Plan if the terms of such assumed award could be applied to an Award granted under
this Plan. In the event the Company assumes an award granted by another company, the
terms and conditions 

 

    	-14-

    	 

    

  

of
such award will remain unchanged (except that the Purchase Price or the Exercise Price, as the case may
be, and the number and nature of Shares issuable upon exercise or settlement of any such Award will be adjusted appropriately pursuant
to Section 424(a) of the Code). In the event the Company elects to grant a new Option in substitution rather than assuming an existing
option, such new Option may be granted with a similarly adjusted Exercise Price.

 

21.             ADOPTION
AND STOCKHOLDER APPROVAL. This Plan shall be submitted for the approval of the Company’s
stockholders, consistent with applicable laws, within twelve (12) months before
or after the date this Plan is adopted by the Board.  

 

22.            TERM
OF PLAN/GOVERNING LAW. Unless earlier terminated as provided herein, this Plan will become
effective on the Effective Date and will terminate ten (10) years from the date
this Plan is adopted by the Board. This Plan and all Awards granted hereunder shall be governed
by and construed in accordance with the laws of the State of New York.

 

23.         AMENDMENT
OR TERMINATION OF PLAN. The Board may at any time terminate or amend this Plan in any respect,
including, without limitation, amendment of any form of Award Agreement or instrument to be executed pursuant to this Plan; provided,
however, that the Board will not, without the approval of the stockholders of the Company, amend this Plan in any manner
that requires such stockholder approval; provided further, that a Participant’s
Award shall be governed by the version of this Plan then in effect at the time such Award was granted.

 

24.             NON-EXCLUSIVITY
OF THE PLAN. Neither the adoption of this Plan by the Board, the submission of this Plan
to the stockholders of the Company for approval, nor any provision of this Plan
will be construed as creating any limitations on the power of the Board to adopt such additional
compensation arrangements as it may deem desirable, including, without limitation, the granting of stock awards and bonuses otherwise
than under this Plan, and such arrangements may be either generally applicable or applicable only in specific cases.

 

25.             INSIDER
TRADING POLICY. Each Participant who receives an Award shall comply with any policy adopted
by the Company from time to time covering transactions in the Company’s securities by Employees, officers and/or directors
of the Company.

 

26.            DEFINITIONS.
As used in this Plan, and except as elsewhere defined herein, the following terms will have the
following meanings:

 

“Award”
means any award under the Plan, including any Option, Restricted Stock, Stock Appreciation Right, Restricted Stock Unit or
award of Performance Shares.

 

“Award Agreement”
means, with respect to each Award, the written or electronic agreement between the Company and the Participant setting
forth the terms and conditions of the Award, which shall be in substantially a form (which need not be the same for each Participant)
that the Committee has from time to time approved, and will comply with and be subject
to the terms and conditions of this Plan.

 

    	-15-

    	 

    

  

“Award
Transfer Program” means any program instituted by the Committee which would permit Participants the opportunity to
transfer any outstanding Awards to a financial institution or other person or entity
approved by the Committee.

 

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

 

“Cause”
means with respect to any Participant, unless otherwise defined in the Participant’s employment agreement, service
agreement or signed offer letter: (i) the Participant’s habitual intoxication or drug addiction; (ii) the Participant’s
violation of the Company’s written policies, procedures or codes including, without limitation, those with respect to harassment
(sexual or otherwise) and ethics; (iii) the Participant’s refusal or willful failure by the Participant to perform such duties
as may reasonably be delegated or assigned to him, consistent with his position; (iv) the Participant’s willful refusal or
willful failure to comply with any requirement of the Securities and Exchange Commission or any securities exchange or self-regulatory
organization then applicable to the Company; (v) the Participant’s willful or wanton misconduct in connection with the performance
of his or her duties including, without limitation, breach of fiduciary duties; (vi) the Participant’s breach (whether due
to inattention, neglect, or knowing conduct) of any of the material provisions of his or her employment or service agreement, if
any; (vii) the Participant’s conviction of, guilty, no contest or nolo contendere plea to, or admission or confession to
any felony (other than driving while intoxicated or driving under the influence of alcohol) or any act of fraud, misappropriation,
embezzlement or any misdemeanor involving moral turpitude; (viii) the Participant’s dishonesty detrimental to the best interest
of the Company; or (ix) solely in the case of a Non-Employee Director, any other action by the Participant which the Board determines
constitutes “cause.” Notwithstanding the foregoing, if a Participant and the Company (or any of its affiliates) have
entered into an employment agreement, consulting agreement or other similar agreement that specifically defines “cause,”
then with respect to such Participant, “Cause” shall have the meaning defined in such other agreement.

 

“Code”
means the United States Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder; additionally,
any reference to a section of the Code shall include any successor provision thereto.

 

“Committee”
means the Compensation Committee of the Board or those persons to whom administration of the Plan, or part of the Plan,
has been delegated as permitted by law.

 

“Common
Stock” means the shares of common stock , par value $0.002 per share, of the Company. 

 

“Company”
means MAJESCO, or any successor corporation.

 

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

 

“Corporate
Transaction” shall mean the occurrence of any of the following events: (i) any “person” (as such term
is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes a “beneficial owner” (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the total power to vote
for the election of directors of the Company; (ii) during any twelve month period, individuals who at the

 

    	-16-

    	 

    

  

beginning
of such period constitute the Board and any new director (other than a director designated by a person who has entered into an
agreement with the Company to effect a transaction described in subsection (i), (iii), (iv) or (vi) hereof) whose election by the
Board or nomination for election by the Company’s stockholders was approved by a vote of at least a majority of the directors
then still in office who either were directors at the beginning of the period of whose election or nomination for election was
previously approved, cease for any reason to constitute a majority thereof; (iii) the merger or consolidation of the Company with
another corporation where the stockholders of the Company, immediately prior to the merger or consolidation, will not beneficially
own, immediately after the merger or consolidation, shares entitling such stockholders to 50% or more of all votes to which all
stockholders of the surviving corporation would be entitled in the election of directors (without consideration of the rights of
any class of stock to elect directors by a separate class vote); (iv) the sale or other disposition of all or substantially all
of the assets of the Company; (v) a liquidation or dissolution of the Company or (vi) acceptance by shareholders of the Company
of shares in a share exchange if the shareholders of the Company immediately before such share exchange do not or will not own
directly or indirectly immediately following such share exchange more than fifty percent (50%) of the combined voting power of
the outstanding voting securities of the entity resulting from or surviving such share exchange in substantially the same proportion
as their ownership of the voting securities outstanding immediately before such share exchange.

 

Notwithstanding
anything in the Plan or an Award Agreement to the contrary, if an Award is subject to Section 409A of the Code, no event that,
but for the application of this paragraph, would be a Corporate Transaction as defined
in the Plan or the Award Agreement, as applicable, shall be a Corporate Transaction
unless such event is also a “change in control event” as defined in Section 409A of the Code.

 

“Director”
means a member of the Board.

 

“Disability”
means in the case of incentive stock options, total and permanent disability as defined in Section 22(e)(3) of the Code
and in the case of other Awards, that the Participant is unable to engage in any substantial
gainful activity by reason of any medically determinable physical or mental impairment
that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months or as may
be defined under the applicable long-term disability plan of the Company or its affiliates.

 

“Effective
Date” means ____________, 2015.

 

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

 

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

 

“Exercise
Price” means, with respect to an Option, the price at which a holder may purchase the Shares issuable upon exercise
of an Option and with respect to a SAR, the price at which the SAR is granted to the holder thereof.

 

    	-17-

    	 

    

  

“Fair
Market Value” means, as of any date, the value of a share of the Company’s Common Stock determined as follows:

 

(a)          if
such Common Stock is publicly traded and is then listed on a national securities exchange, its closing price on the date of determination
on the principal national securities exchange on which the Common Stock is listed or admitted to trading as reported in The
Wall Street Journal or such other source as
the Committee deems reliable;

 

(b)          if
such Common Stock is publicly traded but is neither listed nor admitted to trading on a national securities exchange, the average
of the closing bid and asked prices on the date of determination as reported in The Wall Street Journal or such other source
as the Committee deems reliable; or

 

(c)          if
none of the foregoing is applicable, by the Board or the Committee in good faith.

 

“Non-Employee
Director” means a Director who is not an Employee of the Company or any Parent or Subsidiary. “Option”
means an award of an option to purchase Shares pursuant to Section 5.

 

”Parent”
means any corporation or other entity (in either case, other than the Company) in an unbroken chain of entities ending
with the Company if each of such entities other than the Company owns equity possessing fifty percent (50%) or more of the
total combined voting power of all classes of equity in one of the other entities in such
chain.

 

“Participant”
means a person who holds an Award under this Plan.

 

“Performance
Award” means cash or stock granted pursuant to Section 9 or Section 11 of the Plan.

 

“Performance
Factors” means any of the factors selected by the Committee and specified in an Award Agreement, from among the following
objective measures, either individually, alternatively or in any combination, applied to the Company as a whole or any business
unit or Subsidiary, either individually, alternatively, or in any combination, on a GAAP or non-GAAP basis, and measured, to the
extent applicable on an absolute basis or relative to a pre-established target, to determine whether the performance goals
established by the Committee with respect to applicable Awards have been satisfied: 

 

(a)        Profit
Before Tax;

 

(b)        Billings;

 

(c)        Revenue;

 

(d)        Net
revenue;

 

(e)        Earnings
(which may include earnings before interest and taxes, earnings before taxes, and net earnings);

 

    	-18-

    	 

    

  

(f)        
  Operating income;

 

(g)          Operating
margin; 

 

(h)          Operating
profit;

 

(i)         Controllable
operating profit, or net operating profit;

 

(j)         Net
Profit;

 

(k)        Gross
margin;

 

(l)         Operating
expenses or operating expenses as a percentage of revenue;

 

(m)       Net
income;

 

(n)        Earnings
per share;

 

(o)        Total
stockholder return;

 

(p)        Market
share;

 

(q)        Return
on assets or net assets;

 

(r)        The
Company’s stock price;

 

(s)        Growth
in stockholder value relative to a pre-determined index;

 

(t)         Return
on equity;

 

(u)        Return
on invested capital;

 

(v)        Cash
Flow (including free cash flow or operating cash flows)

 

(w)       Cash
conversion cycle;

 

(x)        Economic
value added;

 

(y)        Contract
awards or backlog;

 

(z)        Overhead
or other expense reduction;

 

(aa)      Credit
rating;

 

(bb)     Strategic
plan development and implementation;

 

(cc)      Succession
plan development and implementation;

 

(dd)      Improvement
in workforce diversity;

 

    	-19-

    	 

    

  

(ee)      Customer
indicators;

 

(ff)       New
product invention or innovation;

 

(gg)     Attainment
of research and development milestones;

 

(hh)     Improvements
in productivity;

 

(ii)        Attainment
of objective operating goals and employee metrics; and

 

(jj)       Any
other metric that is capable of measurement as determined by the Committee.

 

The Committee may, in recognition
of unusual or non-recurring items such as acquisition-related activities or changes in applicable accounting rules, provide for
one or more equitable adjustments (based on objective standards) to the Performance Factors to preserve the Committee’s
original intent regarding the Performance Factors at the time of the initial award grant. It is within the sole discretion of the
Committee to make or not make any such equitable adjustments.

 

“Performance
Period” means the period of service determined by the Committee, during which years of service or performance is
to be measured for the Award.

 

“Performance
Share” means a performance share bonus granted as a Performance Award.

 

“Permitted Transferee”
means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew,
mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships)
of the Employee, any person sharing the Employee’s household (other than a tenant or
employee), a trust in which these persons (or the Employee) have more than 50% of the beneficial interest, a foundation
in which these persons (or the Employee) control the management of assets, and any other entity
in which these persons (or the Employee) own more than 50% of the voting interests.

 

“Plan”
means this MAJESCO 2015 Equity Incentive Plan.

 

“Purchase Price”
means the price to be paid for Shares acquired under the Plan, other than Shares acquired upon exercise of an Option or
SAR.

 

“Restricted
Stock Award” means an award of Shares pursuant to Section 6 or Section 11 of the Plan, or issued pursuant to the
early exercise of an Option.

 

“Restricted
Stock Unit’ means an Award granted pursuant to Section 8 or Section 11 of the Plan.

 

“SEC”
means the United States Securities and Exchange Commission.

 

    	-20-

    	 

    

  

“Securities
Act” means the United States Securities Act of 1933, as amended.

 

“Shares”
means shares of the Company’s Common Stock and the common stock of any successor security.

 

“Stock
Appreciation Right” means an Award granted pursuant to Section 7 or Section 11 of the Plan.

 

“Subsidiary”
means any entity (other than the Company) in an unbroken chain of entities beginning with the Parent or the Company if
each of the entities other than the last entity in the unbroken chain owns equity possessing fifty percent (50%) or more
of the total combined voting power of all classes of equity in one of the other entities in
such chain.

 

“Termination”
or “Terminated” means, for purposes of this Plan with respect to a Participant, that the Participant
has for any reason ceased to provide services as an employee, officer, director, consultant, independent contractor or advisor
to the Company or a Parent or Subsidiary. An employee will not be deemed to have ceased to provide services in the case
of (i) sick leave, (ii) military leave, or (iii) any other leave of absence approved by the
Committee; provided, that such leave is for a period of not more than 90 days, unless reemployment upon the expiration
of such leave is guaranteed by contract or statute or unless provided otherwise pursuant to formal policy adopted from time to
time by the Company and issued and promulgated to employees in writing. In the case of any employee on an approved leave of absence,
the Committee may make such provisions respecting suspension of vesting of the Award while
on leave from the employ of the Company or a Parent or Subsidiary as it may deem appropriate,
except that in no event may an Award be exercised after the expiration of the term set forth in the applicable Award Agreement.
An employee shall have terminated employment as of the date he or she ceases to be employed (regardless
of whether the termination is in breach of local laws or is later found to be invalid) and employment shall not be extended by
any notice period or garden leave mandated by local law. The Committee will have sole
discretion to determine whether a Participant has ceased to provide services for purposes of the Plan and the effective date on
which the Participant ceased to provide services (the “Termination Date”).

 

“Unvested Shares”
means Shares that have not yet vested or are subject to a right of repurchase in favor of the Company (or any successor
thereto).

 

    	-21-

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