Document:

Exhibit 10.17

 

AMENDED AND RESTATED AMERICAN BRIVISION (HOLDING)
CORPORATION

2016 EQUITY INCENTIVE PLAN

 

SECTION 1.   PURPOSE

The purposes of this Amended and Restated 2016 Equity Incentive Plan (the "Plan") are to encourage selected employees,
directors and consultants of American BriVision (Holding) Corporation (together with any successor thereto, the "Company")
and its Affiliates (as defined below) to acquire a proprietary interest in the growth and performance of the Company, to generate
an increased incentive to contribute to the Company's future success and prosperity, thus enhancing the value of the Company for
the benefit of its shareholders, and to enhance the ability of the Company and its Affiliates to attract and retain exceptionally
qualified individuals upon whom, in large measure, the sustained progress, growth and profitability of the Company depend.

 

SECTION 2.DEFINITIONS

 

As used in the Plan, the following terms
shall have the meanings set forth below:

 

		(a)	”Affiliate” shall mean (i) any entity that, directly or through one or more intermediaries,
is controlled by the Company and (ii) any entity in which the Company has a significant equity interest, as determined by the Board
of Directors (the “Board”) or the Committee.

 

		(b)	”Award” shall mean any Option, Stock Appreciation Right, Restricted Stock, Restricted
Stock Unit, Performance Award, Dividend Equivalent, or Other Stock-Based Award granted under the Plan.

 

		(c)	”Award Agreement” shall mean any written agreement, contract, or other instrument or
document evidencing any Award granted under the Plan.

 

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

 

		(e)	”Consultant” shall mean a consultant or adviser who provides bona fide services to
the Company or an Affiliate as an independent contractor. Service as a consultant shall be considered employment for
all purposes of the Plan, except for purposes of satisfying the requirements of Incentive Stock Options.

 

		(f)	“Committee” shall mean a committee of not fewer than two members, each of whom is a
member of the Board and all of whom are disinterested persons, as contemplated by Rule 16b-3 (“Rule 16b-3”) promulgated
under the Securities Exchange Act of 1934, as amended (“Exchange Act”) and each of whom is an outside director for
purposes of Section 162(m) of the Code, acting in accordance with the provisions of Section 3, designated by the Board to administer
the Plan.

 

    

     

    

 

		(g)	”Dividend Equivalent” shall mean any right granted under Section 6(e) of the Plan.

 

		(h)	”Employee” shall mean any employee of the Company or of any Affiliate.

 

		(i)	”Fair Market Value” shall mean, with respect to any property (including, without limitation,
any Shares or other Securities), the fair market value of such property determined by such methods or procedures as shall be established
from time to time by the Board or the Committee.

 

		(j)	”Incentive Stock Option” shall mean an option granted under Section 6(a) of the Plan
that is intended to meet the requirements of Section 422 of the Code, or any successor provision thereto.

 

		(k)	”Non-Qualified Stock Option” shall mean an option granted under Section 6(a) of the
Plan that is not intended to be an Incentive Stock Option.

 

		(l)	”Option” shall mean an Incentive Stock Option or a Non-Qualified Stock Option.

 

		(m)	”Other Stock-Based Award” shall mean any right granted under Section 6(f) of the Plan.

 

		(n)	“Participant” shall mean any person that renders bona fide services to the Company
(including, without limitation, the following: a person employed by the Company or an Affiliate in a key capacity; an officer or
director of the Company; a person engaged by the Company as a consultant; or a lawyer, law firm, accountant or accounting firm)
who receives an Award under the Plan.

 

		(o)	”Performance Award” shall mean any right granted under Section 6(d) of the Plan.

 

		(p)	”Person” shall mean any individual, corporation, partnership, association, joint-stock
company, trust, unincorporated organization, or government or political subdivision thereof.

 

		(q)	INTENTIONALLY LEFT BLANK

 

		(r)	”Released Securities” shall mean shares of Restricted Stock as to which all restrictions
imposed by the Board or the Committee have expired, lapsed, or been waived.

 

		(s)	”Restricted Stock” shall mean any Share granted under Section 6(c) of the Plan.

 

		(t)	”Restricted Stock Unit” shall mean any right granted under Section 6(c) of the Plan
that is denominated in Shares.

 

		(u)	”Shares” shall mean the shares of common stock of the Company, $.001 per share par
value, and such other securities or property as may become the subject of Awards, or become subject to Awards, pursuant to an adjustment
made under Section 4(b) of the Plan.

 

		(v)	”Stock Appreciation Right” shall mean any right granted under Section 6(b) of the Plan.

 

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SECTION 3.ADMINISTRATION

 

The Plan shall be administered by the Board;
provided however, that the Board may delegate such administration to the Committee.

 

Subject to the provisions of the Plan,
the Board and/or the Committee shall have authority to (a) determine the type or types of Awards to be granted to each Participant
under the Plan; (b) determine the number of Shares to be covered by (or with respect to which payments, rights, or other matters
are to be calculated in connection with) Awards; (c) determine the terms and conditions of any award; (d) determine the time or
times when each Award shall become exercisable and the duration of the exercise period; (e) determine whether, to what extent,
and under what circumstances Awards may be settled in or exercised for cash, Shares, other securities, other Awards, or other property,
or canceled, forfeited, or suspended, and the method or methods by which Awards may be settled, exercised, canceled, forfeited,
or suspended; (f) determine whether, to what extent, and under what circumstances cash, shares, other securities, other Awards,
other property, and other amounts payable with respect to an Award under the Plan shall be deferred either automatically or at
the election of the holder thereof or of the Board or the Committee; (g) construe and interpret the Plan; (h) promulgate, amend
and rescind rules and regulations relating to its administration, and correct defects, omissions and inconsistencies in the Plan
or any Award; (i) consistent with the Plan and with the consent of the Participant, as appropriate, amend any outstanding Award
or amend the exercise date or dates; (j) determine the duration and purpose of leaves of absence which may be granted to Participants
without constituting termination of their employment for the purpose of the Plan; and (k) make all other determinations necessary
or advisable for the Plan’s administration. The Board and the Committee’s interpretation and construction of any provisions
of the Plan or of any Award shall be conclusive and final. No member of the Board or the Committee shall be liable for any action
or determination made in good faith with respect to the Plan or any Award.

 

In the case of any Award that is intended
to qualify as performance-based compensation for purposes of Section 162(m) of the Code, once the Award is made, neither the Board
nor Committee shall not have discretion to increase the amount of compensation payable under the Award that would otherwise be
due upon attainment of the performance goal.

 

SECTION 4.SHARES AVAILABLE FOR AWARDS

 

		(a)	SHARES AVAILABLE. Subject to adjustment as provided in Section 4(b):

 

		(i)	CALCULATION OF NUMBER OF SHARES AVAILABLE. The number of Shares available for granting
Awards under the Plan shall be (A) 10% of the current outstanding shares, plus (B) additional Shares as follows: As
of January 1 of each year, commencing with the year 2017 and ending with the year 5, the aggregate number of Shares available
for granting Awards under the Plan shall automatically increase by a number of Shares equal to 5% of the total number of Shares
then outstanding Further, if, after the effective date of the Plan, any Shares covered by an Award granted under the
Plan or to which such an Award or award relates, are forfeited, or if an Award or award otherwise terminates without the delivery
of Shares or of other consideration, then the Shares covered by such Award or award, or to which such Award or award relates, or
the number of Shares otherwise counted against the aggregate number of Shares available under the Plan with respect to such Award
or award, to the extent of any such forfeiture or termination, shall again be, or shall become, available for granting Awards under
the Plan. Notwithstanding the foregoing, to the extent that the aggregate
Fair Market Value of the Shares (determined at the time of grant) with respect to which Incentive Stock Options are exercisable
for the first time by the Participant during any calendar year (under all plans of the Company or Affiliates) exceeds one hundred
thousand dollars ($100,000, or such other limit established in the Code) or otherwise does not comply with the rules governing
Incentive Stock Options, the Options or portions thereof that exceed such limit (according to the order in which they were granted)
or otherwise do not comply with such rules will be treated as Non-Qualified Stock Options, notwithstanding any contrary provision
of the applicable Option Agreement(s).

 

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		(ii)	ACCOUNTING FOR AWARDS. For purposes of this Section 4,

 

		(A)	if an Award (other than a Dividend Equivalent) is denominated in Shares, the number of Shares covered
by such Award, or to which such Award relates, shall be counted on the date of grant of such Award against the aggregate number
of Shares available for granting Awards under the Plan; and

 

		(B)	Dividend Equivalents and Awards not denominated in Shares shall not be counted against the aggregate
number of Shares available for granting Awards under the Plan.

 

		(iii)	SOURCES OF SHARES DELIVERABLE UNDER AWARDS. Any shares delivered pursuant to an Award
may consist, in whole or in part, of authorized and unissued Shares or of Treasury Shares.

 

		(b)	ADJUSTMENTS. In the event that the Board or the Committee shall determine that any dividend
or other distribution (whether in the form of cash, Shares, other securities, or other property), recapitalization, stock split,
reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, purchase, or exchange of Shares or
other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company, or
other similar corporate transaction or event affects the Shares such that an adjustment is determined by the Board or the Committee
to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available
under the Plan, then the Board or the Committee shall, in such manner as it may deem equitable, adjust any or all of (i) the number
and type of Shares (or other securities or property) which thereafter may be made the subject of Awards, (ii) the number and
type of Shares (or other securities or property) subject to outstanding Awards, (iii) the number and type of Shares (or other securities
or property) specified as the annual per-participant limitation under Section 6(g)(vi), and (iv) the grant, purchase, or exercise
price with respect to any Award, or, if deemed appropriate, make provision for a cash payment to the holder of an outstanding Award;
provided, however, in each case, that with respect to Awards of Incentive Stock Options no such adjustment shall be authorized
to the extent that such authority would cause the Plan to violate Section 422(b)(1) of the Code or any successor provision thereto;
and provided, further, however, that the number of Shares subject to any award denominated in Shares shall always be a whole number.

 

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SECTION 5.ELIGIBILITY

 

Any Employee, Director or Consultant shall
be eligible to receive Awards under the Plan. The Board shall approve any Awards granted to members of the Committee.

 

SECTION 6.AWARDS

 

		(a)	OPTIONS. The Board and the Committee are hereby authorized to grant Options with the
following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions
of the Plan, as the Board or the Committee shall determine:

 

		(i)	EXERCISE PRICE. The exercise price per Share of each Option shall be determined by the
Board or the Committee; provided, however, that such exercise price per Share under any Incentive Stock Option shall not be less
than 100% (110% in the case of a “10-percent shareholder as such term is used in Section 422(c)(5) of the Code) of the Fair
Market Value of a Share on the date of grant of such Incentive Stock Option.

 

		(ii)	OPTION TERM. The term of each Option shall be fixed by the Board or the Committee, provided
that no Incentive Stock Option shall have a term greater than 10 years (5 years in the case of a “10-percent shareholder)
as such term is used in Section 422(c)(5) of the Code).

 

		(iii)	TIME AND METHOD OF EXERCISE. The Board or the Committee shall determine the time or
times at which an Option may be exercised in whole or in part, and the method or methods by which, cash, property, securities (including
options issued under the Plan), or any combination thereof, having a Fair Market Value on the exercise date equal to the relevant
exercise price, in which, payment of the exercise price with respect thereto may be made or deemed to have been made.

 

		(iv)	GRACE PERIOD. Except as otherwise determined by the Board or the Committee, upon termination of
employment (as determined under criteria established by the Board or the Committee) for any reason during the term of an Option,
the employee has 60 days after termination to exercise options vested as of the date of termination.

 

		(v)	INCENTIVE STOCK OPTIONS. The terms of any Incentive Stock Option granted under the Plan
shall comply in all respects with the provisions of Section 422 of the Code, or any successor provision thereto, and any regulations
promulgated thereunder.

 

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		(b)	STOCK APPRECIATION RIGHTS. The Board and the Committee are hereby authorized to grant
Stock Appreciation Rights. A Stock Appreciation Right granted under the Plan shall confer on the holder thereof a right
to receive, upon exercise thereof, the excess of (1) the Fair Market Value of one Share on the date of exercise or, if the
Board or the Committee shall so determine in the case of any such right other than one related to any Incentive Stock Option, at
any time during a specified period before or after the date of exercise over (2) the grant price of the right as specified
by the Board or the Committee. Subject to the terms of the Plan, the grant price, term, methods of exercise, methods
of settlement, and any other terms and conditions of any Stock Appreciation Right shall be as determined by the Board or the Committee. The
Board and the Committee may impose such conditions or restrictions on the exercise of any Stock Appreciation Right as it may deem
appropriate.

 

		(c)	RESTRICTED STOCK AND RESTRICTED STOCK UNITS.

 

		(i)	ISSUANCE. The Board and the Committee are hereby authorized to grant Awards of Restricted
Stock and Restricted Stock Units.

 

		(ii)	RESTRICTIONS. Shares of Restricted Stock and Restricted Stock Units shall be subject
to such restrictions as the Board or the Committee may impose (including, without limitation, any limitation on the right to receive
any dividend or other right or property), which restrictions may lapse separately or in combination at such time or times, in such
installments or otherwise, as the Board or the Committee may deem appropriate.

 

		(iii)	REGISTRATION. Any Restricted Stock granted under the Plan may be evidenced in such manner
as the Board or the Committee may deem appropriate, including, without limitation, book-entry registration or issuance of a stock
certificate or certificates. In the event any stock certificate is issued in respect of Shares of restricted Stock granted
under the Plan, such certificate shall be registered in the name of the Participant and shall bear an appropriate legend referring
to the terms, conditions, and restrictions applicable to such Restricted Stock.

 

		(iv)	FORFEITURE. Except as otherwise determined by the Board or the Committee, upon termination
of employment (as determined under criteria established by the Board or the Committee) for any reason during the applicable restriction
period, all Shares of Restricted Stock and all Restricted Stock Units still, in either case, subject to restriction shall be forfeited
and reacquired by the Company; provided, however, that the Board or the Committee may, when it finds that a waiver would be in
the best interests of the Company, waive in whole or in part any or all remaining restrictions with respect to Shares of Restricted
Stock or Restricted Stock Units. Unrestricted Shares, evidenced in such manner as the Board or the Committee shall deem
appropriate, shall be delivered to the Participant promptly after such Restricted Stock shall become Released Securities.

 

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		(d)	PERFORMANCE AWARDS. The Board and the Committee are hereby authorized to grant Performance
Awards. Subject to the terms of the Plan, a Performance Award granted under the Plan (i) may be denominated or payable
in cash, Shares (including, without limitation, Restricted Stock), other securities, other Awards, or other property and (ii) shall
confer on the holder thereof rights valued as determined by the Board or the Committee and payable to, or exercisable by, the holder
of the Performance Award, in whole or in part, upon the achievement of such performance goals during such performance periods as
the Board or the Committee shall establish. Subject to the terms of the Plan and any applicable Award Agreement, the
performance goals to be achieved during any performance period, the length of any performance period, the amount of any Performance
Award granted, and the amount of any payment or transfer to be made pursuant to any Performance Award shall be determined by the
Board or the Committee. The goals established by the Board or the Committee shall be based on any one, or combination
of, earnings per share, return on equity, return on assets, total shareholder return, net operating income, cash flow, revenue,
economic value added, increase in Share price or cash flow return on investment, or any other measure the Board or the Committee
deems appropriate. Partial achievement of the goal(s) may result in a payment or vesting corresponding to the degree
of achievement.

 

		(e)	DIVIDEND EQUIVALENTS. The Board and the Committee are hereby authorized to grant Awards
under which the holders thereof shall be entitled to receive payments equivalent to dividends or interest with respect to a number
of Shares determined by the Board or the Committee, and the Board and the Committee may provide that such amounts (if any) shall
be deemed to have been reinvested in additional Shares or otherwise reinvested. Subject to the terms of the Plan, such
Awards may have such terms and conditions as the Board or the Committee shall determine.

 

		(f)	OTHER STOCK-BASED AWARDS. The Board and the Committee are hereby authorized to grant
such other Awards that are denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related
to, Shares (including, without limitation, securities convertible into Shares), as are deemed by the Board or the Committee to
be consistent with the purposes of the Plan, provided, however, that such grants must comply with applicable law. Subject
to the terms of the Plan, the Board or the Committee shall determine the terms and conditions of such Awards.

 

		(g)	GENERAL.

 

		(i)	NO CASH CONSIDERATION FOR AWARDS. Awards shall be granted for no cash consideration
or for such minimal cash consideration as may be required by applicable law.

 

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		(ii)	AWARDS MAY BE GRANTED SEPARATELY OR TOGETHER. Awards may, in the discretion of the Board
or the Committee, be granted either alone or in addition to, in tandem with, or in substitution for any other Award or any award
granted under any other plan of the Company or any Affiliate. Awards granted in addition to or in tandem with other
Awards, or in addition to or in tandem with awards granted under any other plan of the Company or any Affiliate, may be granted
either at the same time or at a different time from the grant of such other Awards or awards.

 

		(iii)	FORMS OF PAYMENT UNDER AWARDS. Subject to the terms of the Plan and of any applicable
Award Agreement, payments or transfers to be made by the Company or an Affiliate upon the grant, exercise, or payment of an Award
may be made in such form or forms as the Board or the Committee shall determine, including, without limitation, cash, Shares, other
securities other Awards, or other property, or any combination thereof, and may be made in a single payment or transfer, in installments,
or on a deferred basis, in each case in accordance with rules and procedures established by the Board or the Committee. Such
rules and procedures 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 in respect of installment or deferred payments.

 

		(iv)	LIMITS ON TRANSFER OF AWARDS. No Award (other than Released Securities), and no right
under any such Award, shall be assignable, alienable, saleable, or transferable by a Participant otherwise than by will or by the
laws of descent and distribution; provided, however, that, if so determined by the Board or the Committee, a Participant may, in
the manner established by the Board or the Committee, (a) designate a beneficiary or beneficiaries to exercise the rights of the
Participant, and to receive any property distributable, with respect to any Award upon the death of the Participant or (b) transfer
any Award other than an Incentive Stock Option for bona fide estate planning purposes. Each Award, and each right under
any Award, shall be exercisable, during the Participant’s lifetime, only by the Participant, a permitted transferee or, if
permissible under applicable law, by the Participant’s guardian or legal representative. No Award (other than
Released Securities), and no right under any such Award, may be pledged, alienated, attached, or otherwise encumbered, and any
purported pledge, alienation, attachment, or encumbrance thereof shall be void and unenforceable against the Company or any Affiliate.

 

		(v)	TERM OF AWARDS. The term of each Award shall be for such period as may be determined
by the Board or the Committee; provided, however, that in no event shall the term of any Incentive Stock Option exceed a period
of ten years from the date of its grant.

 

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		(vi)	PER-PERSON LIMITATION ON AWARDS. The number of Shares with respect to which Options,
Stock Appreciation Rights, Restricted Stock, Restricted Stock Units and other Awards may be granted under the Plan to an individual
Participant in any one fiscal year of the Company shall not exceed 2% of the outstanding Shares, subject to adjustment as
provided in Section 4(b). The maximum fair market value of payments to an individual Participant under Performance Awards
in any one fiscal year of the Company shall not exceed $1,000,000.

 

		(vii)	SHARE CERTIFICATES. All certificates for Shares or other securities delivered under
the Plan pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as
the Board or the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the Securities
and Exchange Commission, any stock exchange upon which such Shares or other securities are then listed, and any applicable federal
or state securities laws, and the Board or the Committee may cause a legend or legends to be put on any such certificates to make
appropriate reference to such restrictions.

 

SECTION 7.AMENDMENT AND TERMINATION

 

Except to the extent prohibited by applicable
law and unless otherwise expressly provided in an Award Agreement or in the Plan:

 

		(a)	AMENDMENTS TO THE PLAN. The Board may amend, alter, suspend, discontinue, or terminate
the Plan, including, without limitation, any amendment, alteration, suspension, discontinuation, or termination that would impair
the rights of any Participant, or any other holder or beneficiary of any Award theretofore granted, without the consent of any
share owner, Participant, other holder or beneficiary of an Award, or other Person.

 

		(b)	AMENDMENTS TO AWARDS. The Board and the Committee may waive any conditions or rights
under, amend any terms of, or amend, alter, suspend, discontinue, or terminate, any Awards theretofore granted, prospectively or
retroactively, without the consent of any Participant, other holder or beneficiary of an Award.

 

		(c)	ADJUSTMENTS OF AWARDS UPON THE OCCURRENCE OF CERTAIN UNUSUAL OR NONRECURRING EVENTS. Except
as provided in the following sentence, the Board and the Committee shall be authorized to make adjustments in the terms and conditions
of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without limitation, the events
described in Section 4(b) hereof) affecting the Company, any Affiliate, or the financial statements of the Company or any Affiliate,
or of changes in applicable laws, regulations, or accounting principles, whenever the Board or the Committee determines that such
adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits to be made available
under the Plan. In the case of any Award that is intended to qualify as performance-based compensation for purposes
of Section 162(m) of the Code, neither the Board nor the Committee shall have authority to adjust the Award in any manner that
would cause the Award to fail to meet the requirements of Section 162(m).

 

		(d)	CORRECTION OF DEFECTS, OMISSIONS, AND INCONSISTENCIES. The Board and the Committee may
correct any defect, supply any omission, or reconcile any inconsistency in the Plan or any Award in the manner and to the extent
it shall deem desirable to carry the Plan into effect.

 

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SECTION 8.GENERAL PROVISIONS

 

		(a)	NO RIGHTS TO AWARDS. No Employee, Participant or other Person shall have any claim to
be granted any Award under the Plan, and there is no obligation for uniformity of treatment of Employees, Directors, Consultants,
other holders or beneficiaries of Awards under the Plan. The terms and conditions of Awards need not be the same with
respect to each recipient.

 

		(b)	DELEGATION. The Board and the Committee may delegate to one or more officers or managers
of the Company or any Affiliate, or a committee of such officers or managers, the authority, subject to such terms and limitations
as the Board or Committee shall determine, to grant Awards to, or to cancel, modify, waive rights with respect to, alter, discontinue,
suspend, or terminate Awards held by Employees, Consultants, or other holders or beneficiaries of Awards under the Plan who are
not officers or directors of the Company for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, and who
also are not “covered employees” for purposes of Section 162(m) of the Code.

 

		(c)	WITHHOLDING. The Company or any Affiliate shall be authorized to withhold from any Award
granted or any payment due or transfer made under any Award or under the Plan the amount (in cash, Shares, other securities, other
Awards, or other property) of withholding taxes due in respect of an Award, its exercise, or any payment or transfer under such
Award or under the Plan and to take such other action as may be necessary in the opinion of the Company or Affiliate to satisfy
all obligations for the payment of such taxes.

 

		(d)	NO LIMIT ON OTHER COMPENSATION ARRANGEMENTS. Nothing contained in the Plan shall prevent
the Company or any Affiliate from adopting or continuing in effect other or additional  compensation arrangements, and such
arrangements may be either generally applicable or applicable only in specific cases.

 

		(e)	NO RIGHT TO EMPLOYMENT. The grant of an Award shall not be construed as giving a Participant
the right to remain an employee, director or consultant of the Company or any Affiliate. Further, the Company or an
Affiliate may at any time terminate the service of any employee, director or consultant, free from any liability, or any claim
under the Plan, unless otherwise expressly provided in the Plan or in any Award Agreement.

 

		(f)	GOVERNING LAW. The validity, construction, and effect of the Plan and any rules and
regulations relating to the Plan shall be determined in accordance with the laws of the State of Nevada and applicable federal
law.

 

		(g)	SEVERABILITY. 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 Board or the Committee, such provision shall be construed or deemed amended to conform to
applicable laws, or if it cannot be so construed or deemed amended without, in the determination of the Board or 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.

 

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		(h)	NO TRUST OR FUND CREATED. 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 unsecured general creditor of the Company or any Affiliate.

 

		(i)	NO FRACTIONAL SHARES. No fractional Shares shall be issued or delivered pursuant to
the Plan or any Award, and the Board and the Committee shall determine whether cash, other securities, or other property shall
be paid or transferred in lieu of any fractional Share, or whether such fractional Shares of any rights thereto shall be canceled,
terminated, or otherwise eliminated.

 

		(j)	HEADINGS. 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.

 

SECTION 9.EFFECTIVE DATE OF THE PLAN

 

Subject to the approval of the shareholders
of the Company, the Plan shall be effective February 16, 2016 (the “Effective Date”); provided, however, that
to the extent that Awards are granted under the Plan before its approval by shareholders, the Awards will be contingent on approval
of the Plan by the shareholders of the Company at an annual meeting, special meeting, or by written consent.

 

SECTION 10. TERM OF THE PLAN

 

No Award shall be granted under the Plan
more than 10 years after the Effective Date. However, unless otherwise expressly provided in an applicable Award Agreement,
any Award theretofore granted may extend beyond such date, and the authority of the Board and the Committee to amend, alter, adjust,
suspend, discontinue, or terminate any such Award, or to waive any conditions or rights under any such Award, and the authority
of the Board to amend the Plan, shall extend beyond such date.

 

The foregoing Amended and Restated 2020
Equity Incentive Plan was duly adopted and approved by the Board of Directors on [   ] 2020, effective [  
] 2020.

 

American BriVision (Holding) Corporation,

 

	By	 	 

 
 

11ck1839527-ex106_111.htm

Exhibit 10.6

 

THIS PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).  THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

PROMISSORY NOTE

		
	
Principal Amount: up to $275,000
	
Dated as of December 30, 2020

	
(as set forth on the Schedule of Borrowings attached hereto)

 

Rhapsody Acquisition Corporation, a Cayman Islands exempted company and blank check company (the “Maker”), promises to pay to the order of CI Sponsor LLC, a Delaware limited liability company, or its registered assigns or successors in interest (the “Payee”), or order, the principal sum of up to two hundred seventy-five thousand U.S. dollars ($275,000) (as set forth on the Schedule of Borrowings attached hereto) in lawful money of the United States of America, on the terms and conditions described below.  All payments on this Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by the Maker to such account as the Payee may from time to time designate by written notice in accordance with the provisions of this Note.

1.Principal.  The principal balance of this Note shall be payable by the Maker on the earlier of: (i) December 31, 2021 or (ii) the date on which Maker consummates an initial public offering of its securities (the “IPO”).  The principal balance may be prepaid at any time.  Under no circumstances shall any individual, including but not limited to any officer, director, employee or shareholder of the Maker, be obligated personally for any obligations or liabilities of the Maker hereunder.

2.Interest.  No interest shall accrue on the unpaid principal balance of this Note.

3.Drawdown Requests.  Maker and Payee agree that Maker may request up to Two Hundred Seventy-Five Thousand Dollars ($275,000) for costs reasonably related to Maker’s initial public offering of its securities.  The principal of this Note may be drawn down from time to time prior to the earlier of: (i) December 31, 2021 or (ii) the date on which Maker consummates an initial public offering of its securities, upon written request from Maker to Payee (each, a “Drawdown Request”).  Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than One Thousand Dollars ($1,000) unless agreed upon by Maker and Payee.  Payee shall fund each Drawdown Request no later than one (1) business day after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note is Two Hundred Seventy-Five Thousand Dollars ($275,000).  No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.

 

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4.Application of Payments.  All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late charges and finally to the reduction of the unpaid principal balance of this Note.

5.Events of Default.  The following shall constitute an event of default (“Event of Default”):

(a)Failure to Make Required Payments.  Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business days of the date specified above.

(b)Voluntary Bankruptcy, Etc.  The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

(c)Involuntary Bankruptcy, Etc.  The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days.

6.Remedies.

(a)Upon the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable thereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

(b)Upon the occurrence of an Event of Default specified in Sections 5(b) and 5(c), the unpaid principal balance of this Note, and all other sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action on the part of Payee.

7.Waivers.  Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker 

 

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agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution issued hereon, may be sold upon any such writ in whole or in part in any order desired by Payee.

8.Unconditional Liability.  Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

9.Notices.  All notices, statements or other documents which are required or contemplated by this Agreement shall be: (i) in writing and delivered personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number as may be designated in writing by such party and (iii) by electronic mail, to the electronic mail address most recently provided to such party or such other electronic mail address as may be designated in writing by such party.  Any notice or other communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days after mailing if sent by mail.

10.Construction.  THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

11.Severability.  Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

12.Trust Waiver.  Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”) in or to any distribution of or from the trust account to be established in which the proceeds of the IPO conducted by the Maker (including the deferred underwriters discounts and commissions) and certain of the proceeds of the sale of the warrants issued in a private placement to occur in connection with the consummation of the IPO are to be deposited, as described in greater detail in the registration statement and prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust account for any reason whatsoever.

 

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13.Amendment; Waiver.  Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of the Maker and the Payee.

14.Assignment.  No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the required consent shall be void.

[Signature page follows]

 

 

 

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IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year first above written.

	
RHAPSODY ACQUISITION CORPORATION

	
a Cayman Islands exempted company

	
 
	
 
	
 

	
By:
	
 
	
/s/ Jonathan Goldstein

	
Name:
	
 
	
Jonathan Goldstein

	
Title:
	
 
	
Chief Executive Officer

 

 

 

 

[Signature Page to Promissory Note]

 

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SCHEDULE OF BORROWINGS

The following increases or decreases in this Promissory Note have been made:

 

	
Date of Increase or Decrease
	
 
	
Amount of decrease in Principal Amount of this Promissory Note
	
 
	
Amount of increase in Principal Amount of this Promissory Note
	
 
	
Principal Amount of this Promissory Note following such decrease or increase 

	
 
	
 
	
 
	
 
	
 
	
 
	
 

 

 

 

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