Document:

Exhibit 4.2 

   

 CONSENT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM 

   

 We have issued our report dated October 28, 2022, with respect
to the financial statement of m+ funds Trust, Series 9-1 contained in Amendment No. 4 to the Registration Statement on Form S-6 (File
No. 333-258905) and related Prospectus. We consent to the use of the aforementioned report in the Registration Statement and Prospectus,
and to the use of our name as it appears under the caption “Independent Registered Public Accounting Firm”. 

   

   

 /s/ GRANT THORNTON LLP 

   

 Chicago, Illinois 

 October 28, 2022EXHIBIT
4.1

ENERGY
AND WATER DEVELOPMENT CORP.

2022
Long Term Incentive Plan

1.
Purpose. The purpose of the Energy and Water Development Corp. Long Term Incentive Plan (the “Plan”)
is to provide a means through which (a) Energy and Water Development Corp., a Florida corporation (the “Company”),
and its Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable
growth of the Company and its Affiliates and (b) persons upon whom the responsibilities of the successful administration and management
of the Company and its Affiliates rest, and whose present and potential contributions to the Company and its Affiliates are of importance,
can acquire and maintain stock ownership and/or awards the value of which is tied to the performance of the Company, thereby strengthening
their concern for the Company and its Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted
Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, and/or
any combination of the foregoing, as determined by the Committee in its sole discretion.

2.
Definitions. For purposes of the Plan, the following terms shall be defined as set forth below:

(a)
 “Affiliate” means any corporation, partnership, limited liability company, limited liability partnership,
association, trust or other organization that, directly or indirectly, controls, is controlled by, or is under common control with, the
Company. For purposes of the preceding sentence, “control” (including, with correlative meanings, the terms “controlled
by” and “under common control with”), as used with respect to any entity or organization, shall mean the possession,
directly or indirectly, of the power (i) to vote more than 50% of the securities having ordinary voting power for the election of directors
of the controlled entity or organization or (ii) to direct or cause the direction of the management and policies of the controlled entity
or organization, whether through the ownership of voting securities, by contract, or otherwise.

(b)
“ASC Topic 718” means the Financial Accounting Standards Board Accounting Standards Codification Topic
718, Compensation – Stock Compensation, as amended, or any successor accounting standard.

(c)
“Award” means any Option, SAR, Restricted Stock, Restricted Stock Unit, Stock Award, Dividend Equivalent,
Other Stock-Based Award, Cash Award, Substitute Award or Performance Award, together with any other right or interest, granted under the
Plan.

(d)
“Award Agreement” means any written instrument (including any employment, severance or change in control
agreement) that sets forth the terms, conditions, restrictions and/or limitations applicable to an Award, in addition to those set forth
under the Plan.

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

(f)
“Cash Award” means an Award denominated in cash granted under Section 6(i).

(g)
“Change in Control” means, except as otherwise provided in an Award Agreement or an employment agreement
between the Company or its Affiliate and the Participant, the occurrence of any of the following events after the Effective Date:

(i)
A “change in the ownership” of the Company within the meaning of Treasury Regulation § 1.409A-3(i)(5)(v), whereby
any one person, or more than one person acting as a “group” (for purposes of this Section 2(g)(i), as such term is
defined in Treasury Regulation § 1.409A-3(i)(5)(v)(B)), acquires ownership of stock in the Company that, together with stock held
by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Company.

(ii)
A “change in the effective control” of the Company within the meaning of Treasury Regulation § 1.409A-3(i)(5)(vi),
whereby either (A) any one person, or more than one person acting as a “group” (for purposes of this Section 2(g)(ii),
as such term is defined in Treasury Regulation § 1.409A-3(i)(5)(vi)(D)), acquires (or has acquired during the 12-month period ending
on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing 30% or more of the
total voting power of the stock of the Company; or (B) a majority of the members of the Board are replaced during any 12-month period
by directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment
or election.

(iii)
A “change in the ownership of a substantial portion” of the Company’s assets within the meaning of Treasury Regulation
§ 1.409A-3(i)(5)(vii), whereby any one person, or more than one person acting as a “group” (for purposes of this Section
2(g)(iii), as such term is defined in Treasury Regulation § 1.409A-3(i)(5)(vii)(C)), acquires (or has acquired during the 12-month
period ending on the date of the most recent acquisition by such person or persons) assets of the Company that have a total gross fair
market value equal to or more than 40% of the total gross fair market value of all the assets of the Company immediately prior to such
acquisition or acquisitions.

The preceding provisions of
this Section 2(g) are intended to merely summarize the provisions of Treasury Regulation § 1.409A-3(i)(5) and, to the extent
that the preceding provisions of this Section 2(g) do not incorporate fully all of the provisions (or are otherwise inconsistent
with the provisions) of Treasury Regulation § 1.409A-3(i)(5), then the relevant provisions of such Treasury Regulation shall control.

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(h)
“Change in Control Price” means the amount determined in the following clauses (i), (ii), (iii), (iv)
or (v), whichever the Committee determines is applicable, as follows: (i) the price per share offered
to holders of Stock in any merger or consolidation, (ii) the per share Fair Market Value of the Stock
immediately before the applicable Change in Control or other event without regard to assets sold in the Change in Control or other event
and assuming the Company has received the consideration paid for the assets in the case of a sale of the assets, (iii) the
amount distributed per share of Stock in a dissolution transaction, (iv) the price per share offered
to holders of Stock in any tender offer or exchange offer whereby a Change in Control or other event takes place, or (v) if
such Change in Control or other event occurs other than pursuant to a transaction described in clauses (i), (ii), (iii), or (iv) of this
Section 2(h), the value per share of Stock that may otherwise be obtained with respect to such Awards or to which such Awards track,
as determined by the Committee as of the date determined by the Committee to be the date of cancellation and surrender of such Awards.
In the event that the consideration offered to stockholders of the Company in any transaction described in this Section 2(h) or
in Section 8(e) consists of anything other than cash, the Committee shall determine the fair cash equivalent of the portion of
the consideration offered which is other than cash and such determination shall be binding on all affected Participants to the extent
applicable to Awards held by such Participants.

(i)
“Code” means the Internal Revenue Code of 1986, as amended from time to time, including the guidance
and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

(j)
“Committee” means the Compensation Committee of the Board or such other committee of two or more directors
designated by the Board to administer the Plan; provided, however, that, unless otherwise determined by the Board, the Committee
shall consist solely of two or more Qualified Members.

(k)
“Dividend Equivalent” means a right, granted to an Eligible Person under Section 6(g), to receive
cash, Stock or other property equal in value to dividends paid with respect to a specified number of shares of Stock.

(l)
“Effective Date” means September 12, 2022, the date the Plan was approved by the stockholders of the
Company.

(m)
“Eligible Person” means any individual who, as of the date of grant of an Award, is an officer or employee
of the Company or of any of its Affiliates, and any other person who provides services to the Company or any of its Affiliates, including
directors of the Company; provided, however, that, any such individual must be an “employee” of the Company
or any of its parents or subsidiaries within the meaning of General Instruction A.1(a) to Form S-8 if such individual is granted an Award
that may be settled in Stock. An employee on leave of absence may be an Eligible Person.

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(n)
“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, including the
guidance, rules and regulations promulgated thereunder and successor provisions, guidance, rules and regulations thereto.

(o)
“Fair Market Value” of a share of Stock means, as of any specified date, (i) if the Stock is listed on
a national securities exchange, the closing sales price per share of Stock, as reported on the stock exchange composite tape on that date
(or if no sales occur on such date, on the last preceding date for which sales of shares of Stock are so reported); (ii) if the Stock
is not traded on a national securities exchange but is traded over the counter on such date, the average between the reported high and
low bid and asked prices of shares of Stock on the most recent date on which Stock was publicly traded on or preceding the specified date;
or (iii) in the event Stock is not publicly traded at the time a determination of its value is required to be made under the Plan, the
amount determined by the Committee in its discretion in such manner as it deems appropriate, taking into account all factors the Committee
deems appropriate, including the Nonqualified Deferred Compensation Rules. Notwithstanding this definition of Fair Market Value, with
respect to one or more Award types, or for any other purpose for which the Committee must determine the Fair Market Value under the Plan,
the Committee may elect to choose a different measurement date or methodology for determining Fair Market Value so long as the determination
is consistent with the Nonqualified Deferred Compensation Rules and all other applicable laws and regulations.

(p)
 “ISO” means an Option intended to be and designated as an “incentive stock option” within
the meaning of Section 422 of the Code.

(q)
“Nonqualified Deferred Compensation Rules” means the limitations or requirements of Section 409A of the
Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and
regulations thereto.

(r)
“Nonstatutory Option” means an Option that is not an ISO.

(s)
“Option” means a right, granted to an Eligible Person under Section 6(b), to purchase Stock at
a specified price during specified time periods, which may either be an ISO or a Nonstatutory Option.

(t)
“Other Stock-Based Award” means an Award granted to an Eligible Person under Section 6(h).

(u)
“Participant” means a person who has been granted an Award under the Plan that remains outstanding, including
a person who is no longer an Eligible Person.

(v)
“Performance Award” means an award granted to an Eligible Person under Section 6(k), the grant,
vesting, exercisability and/or settlement of which (and/or the timing or amount thereof) is subject to the achievement of one or more
performance goals specified by the Committee.

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(w)
“Qualified Member” means a member of the Board who is (i) a “non-employee director” within
the meaning of Rule 16b-3(b)(3), and (ii) “independent” under the listing standards or rules of the securities exchange upon
which shares of Stock are then traded, but only to the extent such independence is required in order to take the action at issue pursuant
to such standards or rules.

(x)
“Restricted Stock” means Stock granted to an Eligible Person under Section 6(d) that is subject
to certain restrictions and to a risk of forfeiture.

(y)
“Restricted Stock Unit” means a right, granted to an Eligible Person under Section 6(e), to receive
Stock, cash or a combination thereof at the end of a specified period (which may or may not be coterminous with the vesting schedule of
the Award).

(z)
“Rule 16b-3” means Rule 16b-3, promulgated by the SEC under Section 16 of the Exchange Act.

(aa)
“SAR” means a stock appreciation right granted to an Eligible Person under Section 6(c).

(bb)
“SEC” means the Securities and Exchange Commission.

(cc)
“Securities Act” means the Securities Act of 1933, as amended from time to time, including the guidance,
rules and regulations promulgated thereunder and successor provisions, guidance, rules and regulations thereto.

(dd)
“Stock” means the Company’s common stock, par value $0.001 per share, and such other securities
as may be substituted (or re-substituted) for shares of Stock pursuant to Section 8.

(ee)
“Stock Award” means unrestricted shares of Stock granted to an Eligible Person under Section 6(f).

(ff)
“Substitute Award” means an Award granted under Section 6(j).

3.
Administration.

(a)
Authority of the Committee. The Plan shall be administered by the Committee except to the extent the Board elects to administer
the Plan, in which case references herein to the “Committee” shall be deemed to include references to the “Board.”
Subject to the express provisions of the Plan, Rule 16b-3 and other applicable laws, the Committee shall have the authority, in its sole
and absolute discretion, to:

(i) designate Eligible
Persons as Participants;

(ii) determine the type
or types of Awards to be granted to an Eligible Person;

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(iii) determine the number
of shares of Stock or amount of cash to be covered by Awards;

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

(v) determine the terms
and conditions of any Award, including whether, to what extent and under what circumstances Awards may be vested, settled, exercised,
cancelled or forfeited (including conditions based on continued employment or service requirements or the achievement of one or more performance
goals);

(vi) modify, waive or
adjust any term or condition of an Award that has been granted, which may include the acceleration of vesting, waiver of forfeiture restrictions,
modification of the form of settlement of the Award (for example, from cash to Stock or vice versa), early termination of a performance
period, or modification of any other condition or limitation regarding an Award;

(vii) determine the treatment
of an Award upon a termination of employment or other service relationship;

(viii) impose a holding
period with respect to an Award or the shares of Stock received in connection with an Award;

(iv) interpret and administer
the Plan and any Award Agreement;

(x) correct any defect,
supply any omission and reconcile any inconsistency in the Plan, in any Award, and in any Award Agreement; and

(xi) make any other determination
and take any other action that the Committee deems necessary or desirable for the administration of the Plan.

The express grant of any specific
power to the Committee, and the taking of any action by the Committee, shall not be construed as limiting any power or authority of the
Committee. Any action of the Committee shall be final, conclusive and binding on all persons, including the Company, its Affiliates, stockholders,
Participants, beneficiaries, and permitted transferees under Section 7(a) or other persons claiming rights from or through a Participant.

(b)
Exercise of Committee Authority. At any time that a member of the Committee is not a Qualified Member, any action of the
Committee relating to an Award granted or to be granted to an Eligible Person who is then subject to Section 16 of the Exchange Act in
respect of the Company where such action is not taken by the full Board may be taken either (A) by a subcommittee, designated by the Committee,
composed solely of two or more Qualified Members, or (B) by the Committee but with each such member who is not a Qualified Member abstaining
or recusing himself or herself from such action; provided, however, that upon such abstention or recusal, the Committee
remains composed solely of two or more Qualified Members. Such action, authorized by such a subcommittee or by the Committee upon the
abstention or recusal of such non-Qualified Member(s), shall be the action of the Committee for purposes of the Plan. For the avoidance
of doubt, the full Board may take any action relating to an Award granted or to be granted to an Eligible Person who is then subject to
Section 16 of the Exchange Act in respect of the Company.

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(c)
Delegation of Authority. The Committee may delegate any or all of its powers and duties under the Plan to a subcommittee
of directors or to any officer of the Company, including the power to perform administrative functions and grant Awards; provided,
however, that such delegation does not (i) violate state or corporate law, or (ii) result in the loss of an exemption under Rule
16b-3(d)(1) for Awards granted to Participants subject to Section 16 of the Exchange Act in respect of the Company. Upon any such delegation,
all references in the Plan to the “Committee,” other than in Section 8, shall be deemed to include any subcommittee
or officer of the Company to whom such powers have been delegated by the Committee. Any such delegation shall not limit the right of such
subcommittee members or such an officer to receive Awards; provided, however, that such subcommittee members and any such
officer may not grant Awards to himself or herself, a member of the Board, or any executive officer of the Company or an Affiliate, or
take any action with respect to any Award previously granted to himself or herself, a member of the Board, or any executive officer of
the Company or an Affiliate. The Committee may also appoint agents who are not executive officers of the Company or members of the Board
to assist in administering the Plan, provided, however, that such individuals may not be delegated the authority to grant
or modify any Awards that will, or may, be settled in Stock.

(d)
Limitation of Liability. The Committee and each member thereof shall be entitled to, in good faith, rely or act upon any
report or other information furnished to him or her by any officer or employee of the Company or any of its Affiliates, the Company’s
legal counsel, independent auditors, consultants or any other agents assisting in the administration of the Plan. Members of the Committee
and any officer or employee of the Company or any of its Affiliates acting at the direction or on behalf of the Committee shall not be
personally liable for any action or determination taken or made in good faith with respect to the Plan, and shall, to the fullest extent
permitted by law, be indemnified and held harmless by the Company with respect to any such action or determination.

(e)
Participants in Non-U.S. Jurisdictions. Notwithstanding any provision of the Plan to the contrary, to comply with applicable
laws in countries other than the United States in which the Company or any of its Affiliates operates or has employees, directors or other
service providers from time to time, or to ensure that the Company complies with any applicable requirements of foreign securities exchanges,
the Committee, in its sole discretion, shall have the power and authority to: (i) determine which of the Company’s Affiliates shall
be covered by the Plan; (ii) determine which Eligible Persons outside the United States are eligible to participate in the Plan; (iii)
modify the terms and conditions of any Award granted to Eligible Persons outside the United States to comply with applicable foreign laws
or listing requirements of any foreign exchange; (iv) establish sub-plans and modify exercise procedures and other terms and procedures,
to the extent such actions may be necessary or advisable (any such sub-plans and/or modifications shall be attached to the Plan as appendices),
provided, however, that no such sub-plans and/or modifications shall increase the share limitations contained in Section
4(a); and (v) take any action, before or after an Award is granted, that it deems advisable to comply with any applicable governmental
regulatory exemptions or approval or listing requirements of any such foreign securities exchange. For purposes of the Plan, all references
to foreign laws, rules, regulations or taxes shall be references to the laws, rules, regulations and taxes of any applicable jurisdiction
other than the United States or a political subdivision thereof.

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4.
Stock Subject to Plan.

(a)
Number of Shares Available for Delivery. Subject to adjustment in a manner consistent with Section 8, 17,493,000
shares of Stock are reserved and available for delivery with respect to Awards, and such total shall be available for the issuance of
shares upon the exercise of ISOs.

(b)
Application of Limitation to Grants of Awards. Subject to Section 4(c), no Award may be granted if the number
of shares of Stock that may be delivered in connection with such Award exceeds the number of shares of Stock remaining available under
the Plan minus the number of shares of Stock issuable in settlement of or relating to then-outstanding Awards. The Committee may adopt
reasonable counting procedures to ensure appropriate counting, avoid double counting (as, for example, in the case of tandem or Substitute
Awards) and make adjustments if the number of shares of Stock actually delivered differs from the number of shares previously counted
in connection with an Award.

(c)
Availability of Shares Not Delivered under Awards. If all or any portion of an Award expires or is cancelled, forfeited,
exchanged, settled in cash or otherwise terminated, the shares of Stock subject to such Award (including shares forfeited with respect
to Restricted Stock, but excluding the number of shares withheld or surrendered to the Company in payment of any exercise or purchase
price of an Award or taxes relating to Awards) shall not be considered “delivered shares” under the Plan, shall be available
for delivery with respect to Awards, and shall no longer be considered issuable or related to outstanding Awards for purposes of Section 4(b),
except that if any such shares could not again be available for Awards granted to a particular Participant under any applicable law or
regulation, such shares shall be available exclusively for Awards to Participants who are not subject to such limitation. If an Award
may only be settled in cash, such Award need not be counted against any share limit under this Section 4.

(d)
Stock Offered. The shares of Stock to be delivered under the Plan shall be made available from (i) authorized but unissued
shares of Stock, (ii) Stock held in the treasury of the Company, and/or (iii) previously issued shares of Stock reacquired by the
Company, including shares purchased on the open market.

5.
Eligibility; Per Person Award Limitations.

(a)
Eligibility. Awards may be granted under the Plan only to Eligible Persons.

(b)
Non-Employee Director Award Limitations. In each calendar year during any part of which the Plan is in effect, a non-employee
member of the Board may not be granted Awards (i) relating to more than 7,500 shares of Stock, subject to adjustment in a manner consistent
with any adjustment made pursuant to Section 8, or (ii) if greater, Awards having a value (determined, if applicable, pursuant
to ASC Topic 718) on the date of grant in excess of $150,000, in each case multiplied by the number of full or partial calendar years
in any performance period established with respect to an Award, if applicable; provided, that, for the calendar year in which a
non-employee member of the Board first commences service on the Board only, the foregoing limitations shall be doubled; provided,
further that, the limits set forth in this Section 5(b) shall be without regard to grants of Awards, if any, made to a non-employee
member of the Board during any period in which such individual was an employee of the Company or of any of its Affiliates or was otherwise
providing services to the Company or to any of its Affiliates other than in the capacity as a director of the Company.

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6.
Specific Terms of Awards.

(a)
General. Awards may be granted on the terms and conditions set forth in this Section 6. Awards granted under the
Plan may, in the discretion of the Committee, be granted either alone, in addition to, or in tandem with any other Award. In addition,
the Committee may impose on any Award or the exercise thereof, at the date of grant or thereafter (subject to Section 10), such
additional terms and conditions, not inconsistent with the provisions of the Plan, as the Committee shall determine.

(b)
Options. The Committee is authorized to grant Options, which may be designated as either ISOs or Nonstatutory Options, to
Eligible Persons on the following terms and conditions:

(i)
Exercise Price. Each Award Agreement evidencing an Option shall state the exercise price per share of Stock (the “Exercise
Price”) established by the Committee; provided, however, that except as provided in Section 6(j) or
in Section 8, the Exercise Price of an Option shall not be less than the greater of (A) the par value per share of Stock or (B)
100% of the Fair Market Value per share of Stock as of the date of grant of the Option (or in the case of an ISO granted to an individual
who owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or its parent or any
of its subsidiaries, 110% of the Fair Market Value per share of Stock on the date of grant).

(ii)
Time and Method of Exercise; Other Terms. The Committee shall determine the method(s) by which the Exercise Price may be
paid or deemed to be paid, the form of such payment, including cash or cash equivalents, Stock (including previously owned shares or through
a cashless exercise, i.e., “net settlement”, a broker-assisted exercise, or other reduction of the amount of shares otherwise
issuable pursuant to the Option), other Awards or awards granted under other plans of the Company or any Affiliate, other property, or
any other legal consideration the Committee deems appropriate (including notes or other contractual obligations of Participants to make
payment on a deferred basis), the method(s) by or form(s) in which Stock will be delivered or deemed to be delivered to Participants,
including the delivery of Restricted Stock subject to Section 6(d), and any other terms and conditions of any Option. In the case
of an exercise whereby the Exercise Price is paid with shares of Stock, such shares of Stock shall be valued based on the per share Fair
Market Value of Stock as of the date of exercise. No Option may be exercisable for a period of more than ten years following the date
of grant of the Option (or in the case of an ISO granted to an individual who owns stock possessing more than 10% of the total combined
voting power of all classes of stock of the Company or its parent or any of its subsidiaries, for a period of more than five years following
the date of grant of the ISO).

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(iii)
ISOs. The terms of any ISO granted under the Plan shall comply in all respects with the provisions of Section 422 of the
Code. ISOs may only be granted to Eligible Persons who are employees of the Company or employees of a parent or any subsidiary corporation
of the Company. Except as otherwise provided in Section 8, no term of the Plan relating to ISOs (including any SAR granted in tandem
therewith) shall be interpreted, amended or altered, nor shall any discretion or authority granted under the Plan be exercised, so as
to disqualify either the Plan or any ISO under Section 422 of the Code, unless the Participant has first requested the change that will
result in such disqualification. ISOs shall not be granted more than ten years after the earlier of the adoption of the Plan or the approval
of the Plan by the Company’s stockholders. Notwithstanding the foregoing, to the extent that the aggregate Fair Market Value of
shares of Stock subject to an ISO and the aggregate Fair Market Value of shares of stock of any parent or subsidiary corporation (within
the meaning of Sections 424(e) and (f) of the Code) subject to any other incentive stock options of the Company or a parent or subsidiary
corporation (within the meaning of Sections 424(e) and (f) of the Code) that are exercisable for the first time by a Participant during
any calendar year exceeds $100,000, or such other amount as may be prescribed under Section 422 of the Code, such excess shall be treated
as Nonstatutory Options in accordance with the Code. As used in the previous sentence, Fair Market Value shall be determined as of the
date the ISO is granted. If a Participant shall make any disposition of shares of Stock issued pursuant to an ISO under the circumstances
described in Section 421(b) of the Code (relating to disqualifying dispositions), the Participant shall notify the Company of such disposition
within the time provided to do so in the applicable Award Agreement.

(c)
SARs. The Committee is authorized to grant SARs to Eligible Persons on the following terms and conditions:

(i)
Right to Payment. An SAR is a right to receive, upon exercise thereof, the excess of (A) the Fair Market Value of one share
of Stock on the date of exercise over (B) the grant price of the SAR as determined by the Committee.

(ii)
Grant Price. Each Award Agreement evidencing an SAR shall state the grant price per share of Stock established by the Committee;
provided, however, that except as provided in Section 6(j) or in Section 8, the grant price per share of Stock
subject to an SAR shall not be less than the greater of (A) the par value per share of Stock or (B) 100% of the Fair Market Value per
share of Stock as of the date of grant of the SAR.

(iii)
Method of Exercise and Settlement; Other Terms. The Committee shall determine the form of consideration payable upon settlement,
the method by or forms in which Stock (if any) will be delivered or deemed to be delivered to Participants, and any other terms and conditions
of any SAR. SARs may be either free-standing or granted in tandem with other Awards. No SAR may be exercisable for a period of more than
ten years following the date of grant of the SAR.

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(iv)
Rights Related to Options. An SAR granted in connection with an Option shall entitle a Participant, upon exercise, to surrender
that Option or any portion thereof, to the extent unexercised, and to receive payment of an amount determined by multiplying (A) the difference
obtained by subtracting the Exercise Price with respect to a share of Stock specified in the related Option from the Fair Market Value
of a share of Stock on the date of exercise of the SAR, by (B) the number of shares as to which that SAR has been exercised. The Option
shall then cease to be exercisable to the extent surrendered. SARs granted in connection with an Option shall be subject to the terms
and conditions of the Award Agreement governing the Option, which shall provide that the SAR is exercisable only at such time or times
and only to the extent that the related Option is exercisable and shall not be transferable except to the extent that the related Option
is transferrable.

(d)
Restricted Stock. The Committee is authorized to grant Restricted Stock to Eligible Persons on the following terms and conditions:

(i)
Restrictions. Restricted Stock shall be subject to such restrictions on transferability, risk of forfeiture and other restrictions,
if any, as the Committee may impose. Except as provided in Section 7(a)(iii) and Section 7(a)(iv), during the restricted
period applicable to the Restricted Stock, the Restricted Stock may not be sold, transferred, pledged, hedged, hypothecated, margined
or otherwise encumbered by the Participant.

(ii)
Dividends and Splits. Shares of Restricted Stock shall be entitled to receive all dividends and other distributions paid
with respect to such shares of Restricted Stock. All such dividends and distributions shall be subject to the same restrictions, including
any risk of forfeiture, as the shares of Restricted Stock with respect to which they were paid. Unless otherwise determined by the Committee
and specified in the applicable Award Agreement, Stock distributed in connection with a Stock split, shall be subject to restrictions,
including any risk of forfeiture, to the same extent as the Restricted Stock with respect to which such Stock has been split.

(e)
Restricted Stock Units. The Committee is authorized to grant Restricted Stock Units to Eligible Persons on the following
terms and conditions:

(i)
Award and Restrictions. Restricted Stock Units shall be subject to such restrictions (which may include a risk of forfeiture)
as the Committee may impose.

(ii)
Settlement. Settlement of vested Restricted Stock Units shall occur upon vesting or upon expiration of the deferral period
specified by the Committee for such Restricted Stock Units (or, if permitted by the Committee, as elected by the Participant). Restricted
Stock Units shall be settled by delivery of (A) a number of shares of Stock equal to the number of Restricted Stock Units for which settlement
is due, or (B) cash in an amount equal to the Fair Market Value of the specified number of shares of Stock equal to the number of Restricted
Stock Units for which settlement is due, or a combination thereof, as determined by the Committee at the date of grant or thereafter.

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(f)
Stock Awards. The Committee is authorized to grant Stock Awards to Eligible Persons as a bonus, as additional compensation,
or in lieu of cash compensation any such Eligible Person is otherwise entitled to receive, in such amounts and subject to such other terms
as the Committee in its discretion determines to be appropriate.

(g)
Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to Eligible Persons, entitling any such
Eligible Person to receive cash, Stock or other property equal in value to dividends or other distributions paid with respect to a specified
number of shares of Stock. Dividend Equivalents may be awarded in connection with another Award (other than an Award of Restricted Stock
or a Stock Award). Under no circumstances shall the payment of Dividend Equivalents be made contingent on the exercise of an Option or
SAR. Unless otherwise determined by the Committee and specified in the applicable Award Agreement, Dividend Equivalents shall be accrued
in a bookkeeping account without interest and subject to such restrictions, including any risk of forfeiture, as the Award with respect
to which the Dividends Equivalents accrue and shall not be paid unless and until such Award has vested and been earned.

(h)
Other Stock-Based Awards. The Committee is authorized, subject to limitations under applicable law, to grant to Eligible
Persons such other Awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or
related to, Stock, as deemed by the Committee to be consistent with the purposes of the Plan, including convertible or exchangeable debt
securities, other rights convertible or exchangeable into shares of Stock, purchase rights for shares of Stock, Awards with value and
payment contingent upon performance of the Company or any other factors designated by the Committee, and Awards valued by reference to
the book value of Stock or the value of securities of, or the performance of, specified Affiliates of the Company. The Committee shall
determine the terms and conditions of such Other Stock-Based Awards. Shares of Stock delivered pursuant to an Other-Stock Based Award
in the nature of a purchase right granted under this Section 6(h) shall be purchased for such consideration, paid for at such times,
by such methods, and in such forms, including cash, shares of Stock, other Awards, other property, or any combination of the foregoing,
as the Committee shall determine.

(i)
Cash Awards. The Committee is authorized to grant Cash Awards, on a free-standing basis or as an element of, a supplement
to, or in lieu of any other Award under the Plan to Eligible Persons in such amounts and subject to such other terms as the Committee
in its discretion determines to be appropriate.

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(j)
Substitute Awards; No Repricing. Awards may be granted in substitution or exchange for any other Award granted under the
Plan or under another plan of the Company or an Affiliate or any other right of an Eligible Person to receive payment from the Company
or an Affiliate. Awards may also be granted under the Plan in substitution for awards held by individuals who become Eligible Persons
as a result of a merger, consolidation or acquisition of another entity or the assets of another entity by or with the Company or an Affiliate.
Such Substitute Awards referred to in the immediately preceding sentence that are Options or SARs may have an exercise price that is less
than the Fair Market Value of a share of Stock on the date of the substitution if such substitution complies with the Nonqualified Deferred
Compensation Rules and other applicable laws and exchange rules. Except as provided in this Section 6(j) or in Section 8,
without the approval of the stockholders of the Company, the terms of outstanding Awards may not be amended to (i) reduce the Exercise
Price or grant price of an outstanding Option or SAR, (ii) grant a new Option, SAR or other Award in substitution for, or upon the cancellation
of, any previously granted Option or SAR that has the effect of reducing the Exercise Price or grant price thereof, (iii) exchange any
Option or SAR for shares of Stock, cash or other consideration when the Exercise Price or grant price per share of Stock under such Option
or SAR exceeds the Fair Market Value of a share of Stock or (iv) take any other action that would be considered a “repricing”
of an Option or SAR under the applicable listing standards of the national securities exchange on which shares of Stock are then listed
(if any).

(k)
Performance Awards. The Committee is authorized to designate any of the Awards granted under the foregoing provisions of
this Section 6 as Performance Awards. The Committee may use such business criteria and other measures of performance as it may
deem appropriate in establishing any performance goals applicable to a Performance Award, and may exercise its discretion to reduce or
increase the amounts payable under any Performance Award. The performance goals for Performance Awards shall consist of one or more business
criteria and a targeted level or levels of performance with respect to each of such criteria as specified by the Committee. Performance
goals may differ among Performance Awards granted to any one Participant or to different Participants. The performance period applicable
to any Performance Award shall be set by the Committee in its discretion but shall not exceed ten years.

7.
Certain Provisions Applicable to Awards.

(a)
Limit on Transfer of Awards.

(i)
Except as provided in Sections 7(a)(iii) and (iv), each Option and SAR shall be exercisable only by the Participant
during the Participant’s lifetime, or by the person to whom the Participant’s rights shall pass by will or the laws of descent
and distribution. Notwithstanding anything to the contrary in this Section 7(a), an ISO shall not be transferable other than by
will or the laws of descent and distribution.

(ii)
Except as provided in Sections 7(a)(i), (iii) and (iv), no Award, other than a Stock Award, and no right under
any such Award, may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Participant and any such
purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company
or any Affiliate.

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(iii)
To the extent specifically provided by the Committee, an Award may be transferred by a Participant without consideration to immediate
family members or related family trusts, limited partnerships or similar entities or on such terms and conditions as the Committee may
from time to time establish.

(iv)
An Award may be transferred pursuant to a domestic relations order entered or approved by a court of competent jurisdiction upon
delivery to the Company of a written request for such transfer and a certified copy of such order.

(b)
Form and Timing of Payment under Awards; Deferrals. Subject to the terms of the Plan and any applicable Award Agreement,
payments to be made by the Company or any of its Affiliates upon the exercise or settlement of an Award may be made in such forms as the
Committee shall determine in its discretion, including cash, Stock, other Awards or other property, and may be made in a single payment
or transfer, in installments, or on a deferred basis (which may be required by the Committee or permitted at the election of the Participant
on terms and conditions established by the Committee); provided, however, that any such deferred or installment payments
will be set forth in the Award Agreement. Payments may include, without limitation, provisions for the payment or crediting of reasonable
interest on installment or deferred payments or the grant or crediting of Dividend Equivalents or other amounts in respect of installment
or deferred payments denominated in Stock.

(c)
Evidencing Stock. Shares of Stock or other securities of the Company delivered pursuant to an Award may be evidenced in
any manner deemed appropriate by the Committee in its sole discretion, including in the form of a certificate issued in the name of the
Participant or by book entry, electronic or otherwise, and shall be subject to such stop transfer orders and other restrictions as the
Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the SEC, any stock exchange upon which
such Stock or other securities are then listed, and any applicable federal, state or other laws, and the Committee may cause a legend
or legends to be inscribed on any such certificates to make appropriate reference to such restrictions. Further, if certificates representing
Restricted Stock are registered in the name of the Participant, the Company may retain physical possession of the certificates and may
require that the Participant deliver a stock power to the Company, endorsed in blank, related to the Restricted Stock.

(d)
Consideration for Grants. Awards may be granted for such consideration, including services, as the Committee shall determine,
but shall not be granted for less than the minimum lawful consideration.

(e)
Additional Agreements. Each Eligible Person to whom an Award is granted under the Plan may be required to agree in writing,
as a condition to the grant of such Award or otherwise, to subject an Award that is exercised or settled following such Eligible Person’s
termination of employment or service to a general release of claims and/or a noncompetition or other restricted covenant agreement in
favor of the Company and its Affiliates, with the terms and conditions of such agreement(s) to be determined in good faith by the Committee.

    	14 

    	 

    

 

 

8.
Subdivision or Consolidation; Recapitalization; Change in Control; Reorganization.

(a)
Existence of Plans and Awards. The existence of the Plan and the Awards granted hereunder, if any, shall not affect in any
way the right or power of the Company, the Board or the stockholders of the Company to make or authorize any adjustment, recapitalization,
reorganization or other change in the Company’s capital structure or its business, any merger or consolidation of the Company, any
issue of debt or equity securities ahead of or affecting Stock or the rights thereof, the dissolution or liquidation of the Company or
any sale, lease, exchange or other disposition of all or any part of its assets or business or any other corporate act or proceeding.

(b)
Additional Issuances. Except as expressly provided herein, the issuance by the Company of shares of stock of any class,
including upon conversion of shares or obligations of the Company convertible into such shares or other securities, and in any case whether
or not for fair value, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number of shares of Stock
subject to Awards theretofore granted or the purchase price per share of Stock, if applicable.

(c)
Subdivision or Consolidation of Shares. The terms of an Award and the share limitations under the Plan shall be subject
to adjustment by the Committee from time to time, in accordance with the following provisions:

(i)
If at any time, or from time to time, the Company shall subdivide as a whole (by reclassification, by a Stock split, by the issuance
of a distribution on Stock payable in Stock, or otherwise) the number of shares of Stock then outstanding into a greater number of shares
of Stock or in the event the Company distributes an extraordinary cash dividend, then, as appropriate (A) the maximum number of shares
of Stock available for delivery with respect to Awards and applicable limitations with respect to Awards provided in Section 4
and Section 5 (other than cash limits) shall be increased proportionately, and the kind of shares or other securities available
for the Plan shall be appropriately adjusted, (B) the number of shares of Stock (or other kind of shares or securities) that may be acquired
under any then outstanding Award shall be increased proportionately, and (C) the price (including the Exercise Price or grant price) for
each share of Stock (or other kind of shares or securities) subject to then outstanding Awards shall be reduced proportionately, without
changing the aggregate purchase price or value as to which outstanding Awards remain exercisable or subject to restrictions; provided,
however, that in the case of an extraordinary cash dividend that is not an Adjustment Event, the adjustment to the number of shares
of Stock and the Exercise Price or grant price, as applicable, with respect to an outstanding Option or SAR may be made in such other
manner as the Committee may determine that is permitted pursuant to applicable tax and other laws, rules and regulations.

(ii)
If at any time, or from time to time, the Company shall consolidate as a whole (by reclassification, by reverse Stock split, or
otherwise) the number of shares of Stock then outstanding into a lesser number of shares of Stock, then, as appropriate (A) the maximum
number of shares of Stock available for delivery with respect to Awards and applicable limitations with respect to Awards provided in
Section 4 and Section 5 (other than cash limits) shall be decreased proportionately, and the kind of shares or other securities
available for the Plan shall be appropriately adjusted, (B) the number of shares of Stock (or other kind of shares or securities) that
may be acquired under any then outstanding Award shall be decreased proportionately, and (C) the price (including the Exercise Price or
grant price) for each share of Stock (or other kind of shares or securities) subject to then outstanding Awards shall be increased proportionately,
without changing the aggregate purchase price or value as to which outstanding Awards remain exercisable or subject to restrictions.

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(d)
Recapitalization. In the event of any change in the capital structure or business of the Company or other corporate transaction
or event that would be considered an “equity restructuring” within the meaning of ASC Topic 718 and, in each case, that would
result in an additional compensation expense to the Company pursuant to the provisions of ASC Topic 718, if adjustments to Awards with
respect to such event were discretionary or otherwise not required (each such an event, an “Adjustment Event”),
then the Committee shall equitably adjust (i) the aggregate number or kind of shares that thereafter may be delivered under the Plan,
(ii) the number or kind of shares or other property (including cash) subject to an Award, (iii) the terms and conditions of Awards, including
the purchase price or Exercise Price of Awards and performance goals, as applicable, and (iv) the applicable limitations with respect
to Awards provided in Section 4 and Section 5 (other than cash limits) to equitably reflect such Adjustment Event (“Equitable
Adjustments”). In the event of any change in the capital structure or business of the Company or other corporate transaction
or event that would not be considered an Adjustment Event, and is not otherwise addressed in this Section 8, the Committee shall
have complete discretion to make Equitable Adjustments (if any) in such manner as it deems appropriate with respect to such other event.

(e)
Change in Control and Other Events. Except to the extent otherwise provided in any applicable Award Agreement, vesting of
any Award shall not occur solely upon the occurrence of a Change in Control and, in the event of a Change in Control or other changes
in the Company or the outstanding Stock by reason of a recapitalization, reorganization, merger, consolidation, combination, exchange
or other relevant change occurring after the date of the grant of any Award, the Committee, acting in its sole discretion without the
consent or approval of any holder, may exercise any power enumerated in Section 3 (including the power to accelerate vesting, waive
any forfeiture conditions or otherwise modify or adjust any other condition or limitation regarding an Award) and may also effect one
or more of the following alternatives, which may vary among individual holders and which may vary among Awards held by any individual
holder:

(i) accelerate the time
of exercisability of an Award so that such Award may be exercised in full or in part for a limited period of time on or before a date
specified by the Committee, after which specified date all unexercised Awards and all rights of holders thereunder shall terminate;

(ii) redeem in whole or
in part outstanding Awards by requiring the mandatory surrender to the Company by selected holders of some or all of the outstanding Awards
held by such holders (irrespective of whether such Awards are then vested or exercisable) as of a date, specified by the Committee, in
which event the Committee shall thereupon cancel such Awards and pay to each holder an amount of cash or other consideration per Award
(other than a Dividend Equivalent or Cash Award, which the Committee may separately require to be surrendered in exchange for cash or
other consideration determined by the Committee in its discretion) equal to the Change in Control Price, less the Exercise Price with
respect to an Option and less the grant price with respect to a SAR, as applicable to such Awards; provided, however, that
to the extent the Exercise Price of an Option or the grant price of an SAR exceeds the Change in Control Price, such Award may be cancelled
for no consideration;

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(iii) cancel Awards that
remain subject to a restricted period as of the date of a Change in Control or other such event without payment of any consideration to
the Participant for such Awards; or

(iv) make such adjustments
to Awards then outstanding as the Committee deems appropriate to reflect such Change in Control or other such event (including the substitution,
assumption, or continuation of Awards by the successor company or a parent or subsidiary thereof);

provided, however,
that so long as the event is not an Adjustment Event, the Committee may determine in its sole discretion that no adjustment is necessary
to Awards then outstanding. If an Adjustment Event occurs, this Section 8(e) shall only apply to the extent it is not in conflict
with Section 8(d).

9.
General Provisions.

(a)
Tax Withholding. The Company and any of its Affiliates are authorized to withhold from any Award granted, or any payment
relating to an Award, including from a distribution of Stock, taxes due or potentially payable in connection with any transaction involving
an Award, and to take such other action as the Committee may deem advisable to enable the Company, its Affiliates and Participants to
satisfy the payment of withholding taxes and other tax obligations relating to any Award in such amounts as may be determined by the Committee.
The Committee shall determine, in its sole discretion, the form of payment acceptable for such tax withholding obligations, including
the delivery of cash or cash equivalents, Stock (including previously owned shares, net settlement, a broker-assisted sale, or other cashless
withholding or reduction of the amount of shares otherwise issuable or delivered pursuant to the Award), other property, or any other
legal consideration the Committee deems appropriate. Any determination made by the Committee to allow a Participant who is subject to
Rule 16b-3 to pay taxes with shares of Stock through net settlement or previously owned shares shall be approved by either a committee
made up of solely two or more Qualified Members or the full Board. If such tax withholding amounts are satisfied through net settlement
or previously owned shares, the maximum number of shares of Stock that may be so withheld or surrendered shall be the number of shares
of Stock that have an aggregate Fair Market Value on the date of withholding or surrender equal to the aggregate amount of such tax liabilities
determined based on the greatest withholding rates for federal, state, foreign and/or local tax purposes, including payroll taxes, that
may be utilized without creating adverse accounting treatment for the Company with respect to such Award, as determined by the Committee.

(b)
Limitation on Rights Conferred under Plan. Neither the Plan nor any action taken hereunder shall be construed as (i) giving
any Eligible Person or Participant the right to continue as an Eligible Person or Participant or in the employ or service of the Company
or any of its Affiliates, (ii) interfering in any way with the right of the Company or any of its Affiliates to terminate any Eligible
Person’s or Participant’s employment or service relationship at any time, (iii) giving an Eligible Person or Participant any
claim to be granted any Award under the Plan or to be treated uniformly with other Participants and/or employees and/or other service
providers, or (iv) conferring on a Participant any of the rights of a stockholder of the Company unless and until the Participant
is duly issued or transferred shares of Stock in accordance with the terms of an Award.

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(c)
Governing Law; Submission to Jurisdiction. All questions arising with respect to the provisions of the Plan and Awards shall
be determined by application of the laws of the State of Florida, without giving effect to any conflict of law provisions thereof, except
to the extent Florida law is preempted by federal law. The obligation of the Company to sell and deliver Stock hereunder is subject to
applicable federal and state laws and to the approval of any governmental authority required in connection with the authorization, issuance,
sale, or delivery of such Stock. With respect to any claim or dispute related to or arising under the Plan, the Company and each Participant
who accepts an Award hereby consent to the exclusive jurisdiction, forum and venue of the state and federal courts located in Miami-Dade
County, Florida.

(d)
Severability and Reformation. If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal,
or unenforceable in any jurisdiction or as to any person or Award, or would disqualify the Plan or any Award under any law deemed applicable
by the Committee, such provision shall be construed or deemed amended to conform to the applicable law or, if it cannot be construed or
deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision
shall be stricken as to such jurisdiction, person or Award and the remainder of the Plan and any such Award shall remain in full force
and effect. If any of the terms or provisions of the Plan or any Award Agreement conflict with the requirements of Rule 16b-3 (as those
terms or provisions are applied to Eligible Persons who are subject to Section 16 of the Exchange Act) or Section 422 of the Code (with
respect to ISOs), then those conflicting terms or provisions shall be deemed inoperative to the extent they so conflict with the requirements
of Rule 16b-3 (unless the Board or the Committee, as appropriate, has expressly determined that the Plan or such Award should not comply
with Rule 16b-3) or Section 422 of the Code, in each case, only to the extent Rule 16b-3 and such sections of the Code are applicable.
With respect to ISOs, if the Plan does not contain any provision required to be included herein under Section 422 of the Code, that provision
shall be deemed to be incorporated herein with the same force and effect as if that provision had been set out at length herein; provided,
further, that, to the extent any Option that is intended to qualify as an ISO cannot so qualify, that Option (to that extent) shall be
deemed a Nonstatutory Option for all purposes of the Plan.

(e)
Unfunded Status of Awards; No Trust or Fund Created. The Plan is intended to constitute an “unfunded” plan for
certain incentive awards. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or
a fiduciary relationship between the Company or any Affiliate and a Participant or any other person. To the extent that any person acquires
a right to receive payments from the Company or any Affiliate pursuant to an Award, such right shall be no greater than the right of any
general unsecured creditor of the Company or such Affiliate.

(f)
Nonexclusivity of the Plan. Neither the adoption of the Plan by the Board nor its submission to the stockholders of the
Company for approval shall be construed as creating any limitations on the power of the Board or a committee thereof to adopt such other
incentive arrangements as it may deem desirable. Nothing contained in the Plan shall be construed to prevent the Company or any of its
Affiliates from taking any corporate action which is deemed by the Company or such Affiliate to be appropriate or in its best interest,
whether or not such action would have an adverse effect on the Plan or any Award made under the Plan. No employee, beneficiary or other
person shall have any claim against the Company or any of its Affiliates as a result of any such action.

    	18 

    	 

    

 

 

(g)
Fractional Shares. No fractional shares of Stock shall be issued or delivered pursuant to the Plan or any Award, and the
Committee shall determine in its sole discretion whether cash, other securities, or other property shall be paid or transferred in lieu
of any fractional shares of Stock or whether such fractional shares of Stock or any rights thereto shall be cancelled, terminated, or
otherwise eliminated with or without consideration.

(h)
Interpretation. Headings are given to the Sections and subsections of the Plan solely as a convenience to facilitate reference.
Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof.
Words in the masculine gender shall include the feminine gender, and, where appropriate, the plural shall include the singular and the
singular shall include the plural. In the event of any conflict between the terms and conditions of an Award Agreement and the Plan, the
provisions of the Plan shall control. The use herein of the word “including” following any general statement, term or matter
shall not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word
or to similar items or matters, whether or not non-limiting language (such as “without limitation”, “but not limited
to”, or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters
that could reasonably fall within the broadest possible scope of such general statement, term or matter. References herein to any agreement,
instrument or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time
to the extent permitted by the provisions thereof and not prohibited by the Plan.

(i)
Facility of Payment. Any amounts payable hereunder to any individual under legal disability or who, in the judgment of the
Committee, is unable to manage properly his financial affairs, may be paid to the legal representative of such individual, or may be applied
for the benefit of such individual in any manner that the Committee may select, and the Company shall be relieved of any further liability
for payment of such amounts.

(j)
Conditions to Delivery of Stock. Nothing herein or in any Award Agreement shall require the Company to issue any shares
with respect to any Award if that issuance would, in the opinion of counsel for the Company, constitute a violation of the Securities
Act, any other applicable statute or regulation, or the rules of any applicable securities exchange or securities association, as then
in effect. In addition, each Participant who receives an Award under the Plan shall not sell or otherwise dispose of Stock that is acquired
upon grant, exercise or vesting of an Award in any manner that would constitute a violation of any applicable federal or state securities
laws, the Plan or the rules, regulations or other requirements of the SEC or any stock exchange upon which shares of Stock are then listed.
At the time of any exercise of an Option or SAR, or at the time of any grant of any other Award, the Company may, as a condition precedent
to the exercise of such Option or SAR or settlement of any other Award, require from the Participant (or in the event of his or her death,
his or her legal representatives, heirs, legatees, or distributees) such written representations, if any, concerning the holder’s
intentions with regard to the retention or disposition of the shares of Stock being acquired pursuant to the Award and such written covenants
and agreements, if any, as to the manner of disposal of such shares as, in the opinion of counsel to the Company, may be necessary to
ensure that any disposition by that holder (or in the event of the holder’s death, his or her legal representatives, heirs, legatees,
or distributees) will not involve a violation of the Securities Act, any other applicable state or federal statute or regulation, or any
rule of any applicable securities exchange or securities association, as then in effect. Stock or other securities shall not be delivered
pursuant to any Award until payment in full of any amount required to be paid pursuant to the Plan or the applicable Award Agreement (including
any Exercise Price, grant price, or tax withholding) is received by the Company.

    	19 

    	 

    

 

 

(k)
Section 409A of the Code. It is the general intention, but not the obligation, of the Committee to design Awards to comply
with or to be exempt from the Nonqualified Deferred Compensation Rules, and Awards will be operated and construed accordingly. Neither
this Section 9(k) nor any other provision of the Plan is or contains a representation to any Participant regarding the tax consequences
of the grant, vesting, exercise, settlement, or sale of any Award (or shares of Stock underlying such Award) granted hereunder, and should
not be interpreted as such. In no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other
expenses that may be incurred by the Participant on account of non-compliance with the Nonqualified Deferred Compensation Rules. Notwithstanding
any provision in the Plan or an Award Agreement to the contrary, in the event that a “specified employee” (as defined under
the Nonqualified Deferred Compensation Rules) becomes entitled to a payment under an Award that would be subject to additional taxes and
interest under the Nonqualified Deferred Compensation Rules if the Participant’s receipt of such payment or benefits is not delayed
until the earlier of (i) the date of the Participant’s death, or (ii) the date that is six months after the Participant’s
“separation from service,” as defined under the Nonqualified Deferred Compensation Rules (such date, the “Section
409A Payment Date”), then such payment or benefit shall not be provided to the Participant until the Section 409A Payment
Date. Any amounts subject to the preceding sentence that would otherwise be payable prior to the Section 409A Payment Date will be aggregated
and paid in a lump sum without interest on the Section 409A Payment Date. The applicable provisions of the Nonqualified Deferred Compensation
Rules are hereby incorporated by reference and shall control over any Plan or Award Agreement provision in conflict therewith.

(l)
Clawback. The Plan and all Awards granted hereunder are subject to any written clawback policies that the Company, with
the approval of the Board or an authorized committee thereof, may adopt either prior to or following the Effective Date, including any
policy adopted to conform to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and rules promulgated thereunder by
the SEC and that the Company determines should apply to Awards. Any such policy may subject a Participant’s Awards and amounts paid
or realized with respect to Awards to reduction, cancellation, forfeiture or recoupment if certain specified events or wrongful conduct
occur, including an accounting restatement due to the Company’s material noncompliance with financial reporting regulations or other
events or wrongful conduct specified in any such clawback policy.

(m)
Status under ERISA. The Plan shall not constitute an “employee benefit plan” for purposes of Section 3(3) of
the Employee Retirement Income Security Act of 1974, as amended.

(n)
Plan Effective Date and Term. The Plan was adopted by the Board to be effective on the Effective Date. No Awards may be
granted under the Plan on and after the tenth anniversary of the Effective Date, which is September __, 2032. However, any Award granted
prior to such termination (or any earlier termination pursuant to Section 10), and the authority of the Board or Committee to amend,
alter, adjust, suspend, discontinue, or terminate any such Award or to waive any conditions or rights under such Award in accordance with
the terms of the Plan, shall extend beyond such termination until the final disposition of such Award.

    	20 

    	 

    

 

 

10.
Amendments to the Plan and Awards. The Board may amend, alter, suspend, discontinue or terminate
any Award or Award Agreement, the Plan or the Committee’s authority to grant Awards without the consent of stockholders or Participants,
except that any amendment or alteration to the Plan, including any increase in any share limitation, shall be subject to the approval
of the Company’s stockholders not later than the annual meeting next following such Committee action if such stockholder approval
is required by any federal or state law or regulation or the rules of any stock exchange or automated quotation system on which shares
of Stock may then be listed or quoted, and the Board may otherwise, in its discretion, determine to submit other changes to the Plan to
stockholders for approval; provided that, without the consent of an affected Participant, no such Board action may materially and
adversely affect the rights of such Participant under any previously granted and outstanding Award. For purposes of clarity, any adjustments
made to Awards pursuant to Section 8 will be deemed not to materially and adversely affect the rights of any Participant under
any previously granted and outstanding Award and therefore may be made without the consent of affected Participants.

 

21

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