Document:

Exhibit
4.17

 

SOS Hydration Inc.

2013 Stock Incentive Plan 

Table
of Contents

	 	 	Page
	Article
    1. Effective Date, Objectives and Duration	1
	1.1	Effective
    Date of the Plan.	1
	1.2	Objectives
    of the Plan.	1
	1.3	Duration
    of the Plan.	1
	Article
    2. Definitions		1
	2.1	“Affiliate”	1
	2.2	“Award”	1
	2.3	“Award
    Agreement”	1
	2.4	“Board”	1
	2.5	“Cause”	2
	2.6	“Code”	2
	2.7	“Committee”	2
	2.8	“Common
    Stock”	2
	2.9	“Disability”	2
	2.1	“Eligible
    Person”	2
	2.11	“Exchange
    Act”	2
	2.12	“Fair
    Market Value”	2
	2.13	“Grant
    Date”	3
	2.14	“Grant
    Price”	3
	2.15	“Grantee”	3
	2.16	“Holder”	3
	2.17	“Immediate
    Family”	3
	2.18	“Incentive
    Stock Option”	3
	2.19	“including”
    or “includes”	3
	2.2	“Non-Qualified
    Stock Option”	3
	2.21	“Option”	3
	2.22	“Option
    Price”	3
	2.23	“Option
    Term”	3
	2.24	“Parent”	3
	2.25	“Period
    of Restriction”	3
	2.26	“Permitted
    Transferee”	3
	2.27	“Person”	3
	2.28	“Restricted
    Shares”	4
	2.29	“Rule
    16b-3”	4
	2.3	“SEC”	4
	2.31	“Section
    16 Non-Employee Director”	4
	2.32	“Section
    16 Person”	4
	2.33	“Share”	4
	2.34	“SAR
    Term”	4
	2.35	“Stock
    Appreciation Right” or “SAR”	4
	2.36	“Subsidiary”	4
	2.37	“Surviving
    Company”	4
	2.38	“Ten
    Percent Owner”	4
	2.39	“Termination
    of Affiliation”	4
	Article
    3. Administration		5
	3.1	Committee.	5
	3.2	Powers
    of Committee.	5
	Article
    4. Shares Subject to the Plan		7
	4.1	Number
    of Shares Available for Grants.	7
	4.2	Adjustments
    in Authorized Shares and Awards; Liquidation, Dissolution or Change of Control.	7

 

    	 

    	 

    

	Article
    5. Eligibility and General Conditions of Awards	8
	5.1	Eligibility.	8
	5.2	Award Agreement.	8
	5.3	General
    Terms and Termination of Affiliation.	8
	5.4	Nontransferability
    of Awards.	9
	5.5	Stand-Alone
    and Substitute Awards.	10
	5.6	Compliance
    with Rule 16b-3.	10
	Article
    6. Stock Options		11
	6.1	Grant of
    Options.	11
	6.2	Award Agreement.	11
	6.3	Option
    Price.	11
	6.4	Grant of
    Incentive Stock Options.	11
	6.5	Payment.	12
	Article
    7. Restricted Shares		13
	7.1	Grant of
    Restricted Shares.	13
	7.2	Award Agreement.	13
	7.3	Consideration
    for Restricted Shares.	13
	7.4	Effect
    of Forfeiture.	13
	7.5	Escrow;
    Legends.	14
	Article
    8. Stock Appreciation Rights		14
	8.1	Issuance.	14
	8.2	Award Agreements.	14
	8.3	Grant Price.	14
	8.4	Exercise
    and Payment.	14
	8.5	Grant Limitations.	14
	Article
    9. Right of First Refusal; Company Repurchase Rights	14
	9.1	Right of
    First Refusal.	14
	9.2	Drag Along
    Right.	15
	9.3	Escrow
    Arrangement.	15
	9.4	Lockup
    Provision.	16
	9.5	Adjustments
    for Changes in Capital Structure.	16
	9.6	Transfers
    to Competitors.	16
	9.7	Termination.	16
	Article
    10. Amendment, Modification, and Termination	16
	10.1	Amendment,
    Modification, and Termination.	16
	10.2	Awards
    Previously Granted.	16
	Article
    11. Withholding		17
	11.1	Required
    Withholding.	17
	11.2	Notification
    under Code Section 83(b).	17
	Article
    12. Additional Provisions		18
	12.1	Successors.	18
	12.2	Severability.	18
	12.3	Requirements
    of Law.	18
	12.4	Securities
    Law Compliance.	18
	12.5	No Rights
    as a Stockholder.	18
	12.6	Nature
    of Payments.	19
	12.7	Non-Exclusivity
    of Plan.	19
	12.8	Governing
    Law.	19
	12.9	Share Certificates.	19
	12.1	Unfunded
    Status of Awards; Creation of Trusts.	19
	12.11	Affiliation.	19
	12.12	Participation.	19
	12.13	Military
    Service.	20
	12.14	Construction.	20
	12.15	Headings.	20
	12.16	Obligations.	20
	12.17	Stockholder
    Approval.	20

 

    	 

    	 

    

SOS
Hydration Inc.

2013 STOCK Incentive PLAN

Article
1.

Effective Date, Objectives and Duration 

1.1              
Effective Date of the Plan. SOS Hydration Inc. , a California corporation (the “Company”), hereby establishes the
SOS Hydration Inc. 2013 Stock Incentive Plan (the “Plan”) as set forth herein effective [________________] (“Effective
Date”), subject to approval by the Company’s stockholders.

1.2              
Objectives of the Plan. The Plan is intended (a) to allow selected employees and officers of and consultants to the Company and
certain of its affiliates to acquire or increase equity ownership in the Company, thereby strengthening their commitment to the success
of the Company and stimulating their efforts on behalf of the Company, and to assist the Company and its affiliates in attracting new
employees, officers and consultants and retaining existing employees, officers and consultants, (b) to optimize the profitability and
growth of the Company and its affiliates through incentives which are consistent with the Company’s goals, (c) to provide Grantees
with an incentive for excellence in individual performance, (d) to promote teamwork among employees, officers, consultants and non-employee
directors, and (e) to attract and retain highly qualified persons to serve as non-employee directors and to promote ownership by such
non-employee directors of a greater proprietary interest in the Company, thereby aligning such non-employee directors’ interests
more closely with the interests of the Company’s stockholders.

1.3              
Duration of the Plan. The Plan shall commence on the Effective Date and shall remain in effect, subject to the right of the Board
of Directors of the Company (“Board”) to amend or terminate the Plan at any time pursuant to Article 10 hereof, until the
tenth anniversary of the Effective Date of the Plan, or the date all Shares subject to the Plan shall have been purchased or acquired
and the restrictions on all Restricted Stock granted under the Plan shall have lapsed, according to the Plan’s provisions. The
termination of the Plan shall not adversely affect any Awards outstanding on the date of termination.

Article
2.

Definitions 

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

2.1              
“Affiliate” means any entity, whether now or hereafter existing, which controls, is controlled by, or is under common
control with, the Company (including, but not limited to, joint ventures, limited liability companies, and partnerships). For this purpose,
“control” shall mean ownership of 50% or more of the total combined voting power or value of all classes of stock
or interests of the entity, or the power to direct the management and policies of the entity, by contract or otherwise.

2.2              
“Award” means Options (including Non-qualified Stock Options and Incentive Stock Options), Restricted Shares, or Stock
Appreciation Rights granted under the Plan.

2.3              
“Award Agreement” means the written agreement by which an Award shall be evidenced.

2.4              
“Board” means the Board of Directors of the Company.

    	 	1	 

     

    

2.5              
 “Cause” means, except as otherwise defined in an Award Agreement:

(a)               
the commission of any act by a Grantee constituting financial dishonesty against the Company or any of its Affiliates, which could be
chargeable as a crime under applicable law;

(b)               
an act of dishonesty, fraud, intentional misrepresentation, moral turpitude, illegality or harassment which, as determined in good faith
by the Board, would: (i) materially adversely affect the business or the reputation of the Company or any of its Affiliates with their
respective current or prospective customers, suppliers, lenders and/or other third parties with whom such entity does or might do business;
or (ii) expose the Company or any of its Affiliates to a risk of civil or criminal legal damages, liabilities or penalties;

(c)               
the repeated failure to follow the directives of the Board or the chief executive officer of the Company or any of its Affiliates,

(d)               
any material misconduct in violation of the Company’s or an Affiliate’s policies, or

(e)               
willful and deliberate non-performance of the Grantee’s duties in connection with the business affairs of the Company or its Affiliates.

2.6              
“Code” means the Internal Revenue Code of 1986 (and any successor Internal Revenue Code), as amended from time to
time. References to a particular section of the Code include references to regulations and rulings thereunder and to successor provisions.

2.7              
“Committee” has the meaning set forth in Section 3.1.

2.8              
“Common Stock” means the Common Stock, par value $0.001 per share, of the Company, subject to adjustments pursuant
to Section 4.2(a).

2.9              
“Disability” means a disability within the meaning of Section 22(e)(3) of the Code.

2.10          
“Eligible Person” means any employee (including any officer) or non-employee director of, or non-employee consultant
to, the Company or any Subsidiary. Solely for purposes of Section 5.5(b), the term Eligible Employee includes any current or former employee
or non-employee director of, or consultant to, an Acquired Entity (as defined in Section 5.5(b)) who holds Acquired Entity Awards (as
defined in Section 5.5(b)) immediately prior to the Acquisition Date (as defined in Section 5.5(b)).

2.11          
“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. References to a particular
section of the Exchange Act include references to successor provisions.

2.12          
“Fair Market Value” means (a) with respect to any property other than Shares, the fair market value of such property
determined by such methods or procedures as shall be established from time to time by the Committee, and (b) with respect to Shares,
unless otherwise determined in the good faith discretion of the Committee, as of any date, (i) the closing price on the date of determination
reported in the table entitled “New York Stock Exchange Composite Transactions” contained in The Wall Street Journal (or
an equivalent successor table) (or, if no sale of Shares was reported for such date, on the most recent trading day prior to such date
on which a sale of Shares was reported); (ii) if the Shares are not listed on the New York Stock Exchange, the closing sales price of
the Shares on such other national exchange on which the Shares are principally traded, or as reported by the National Market System,
or similar organization, as reported in the appropriate table or listing contained in The Wall Street Journal, or if no such quotations are available,
the average of the high bid and low asked quotations in the over-the-counter market as reported by the National Quotation Bureau Incorporated
or similar organizations; or (iii) in the event that there shall be no public market for the Shares, the fair market value of the Shares
as determined (which determination shall be conclusive) in good faith by the Committee.

    	 	2	 

     

    

2.13          
“Grant Date” means the date on which an Award is granted or such later date as specified in advance by the Committee.

2.14          
“Grant Price” means the price per Share established by the Committee and set forth in a SAR granted pursuant to Article
8.

2.15          
“Grantee” means a person who has been granted an Award.

2.16          
“Holder” means, a Person holding any Shares pursuant to an Award made under this Plan, including the Grantee, any
beneficiary of a deceased Grantee and any Permitted Transferee (as described in Section 5.4(c)).

2.17          
“Immediate Family” has the meaning set forth in Section 5.4(c).

2.18          
“Incentive Stock Option” means an Option that is intended to meet the requirements of Section 422 of the Code.

2.19          
“including” or “includes” means “including, without limitation,” or “includes,
without limitation,” respectively.

2.20          
“Non-Qualified Stock Option” means an Option not intended to qualify as an Incentive Stock Option.

2.21          
“Option” means an option to purchase Shares at the Option Price per Share set forth in an Award Agreement granted
under Article 6 of the Plan.

2.22          
“Option Price” means the price at which a Share may be purchased by a Grantee pursuant to an Option.

2.23          
“Option Term” means the period beginning on the Grant Date of an Option and ending on the date such Option expires,
terminates or is cancelled.

2.24          
“Parent” means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company
if, at the time of the granting of the Award, each of the corporations other than the employer corporation owns stock possessing 50 percent
or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.

2.25          
“Period of Restriction” means the period during which Restricted Shares are subject to forfeiture if the conditions
specified in the Award Agreement are not satisfied.

2.26          
“Permitted Transferee” has the meaning set forth in Section 5.4(c).

2.27          
“Person” means any individual, sole proprietorship, partnership, joint venture, limited liability company, trust,
unincorporated organization, association, corporation, institution, public benefit corporation, entity or government instrumentality,
division, agency, body or department.

    	 	3	 

     

    

2.28          
 “Restricted Shares” means Shares that are both subject to forfeiture and are nontransferable if the Grantee does
not satisfy the conditions specified in the Award Agreement applicable to such Shares.

2.29          
“Rule 16b-3” means Rule 16b-3 promulgated by the SEC under the Exchange Act, as amended from time to time, together
with any successor rule.

2.30          
“SEC” means the United States Securities and Exchange Commission, or any successor thereto.

2.31          
“Section 16 Non-Employee Director” means a member of the Board who satisfies the requirements to qualify as a “non-employee
director” under Rule 16b-3.

2.32          
“Section 16 Person” means a person who is subject to potential liability under Section 16(b) of the Exchange
Act with respect to transactions involving equity securities of the Company.

2.33          
“Share” means a share of Common Stock, and such other securities of the Company or Surviving Company as may be substituted
for Shares pursuant to Section 4.2 hereof.

2.34          
“SAR Term” means the period beginning on the Grant Date of an SAR and ending on the date such SAR expires, terminates
or is cancelled.

2.35          
“Stock Appreciation Right” or “SAR” means a right granted to an Eligible Person pursuant to Article
8 to receive, upon exercise by the Grantee, an amount equal to the number of Shares with respect to which the SAR is granted multiplied
by the excess of (i) the Fair Market Value of one Share on the date of exercise, over (ii) the Grant Price of the right as specified
by the Committee.

2.36          
“Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning with the
Company if, at the time of the granting of the Award, each of the corporations other than the last corporation in the unbroken chain
owns stock possessing 50 percent or more of the total combined voting power of all classes of stock in one of the other corporations
in such chain.

2.37          
“Surviving Company” means the Company or the surviving corporation in any merger or consolidation, including the Company
if the Company is the surviving corporation, or the direct or indirect parent company of the Company or such surviving corporation following
a sale of substantially all of the outstanding stock of the Company.

2.38          
“Ten Percent Owner” means a person who as of the Grant Date with respect to an Incentive Stock Option owns capital
stock (including stock treated as owned under Section 424(d) of the Code) possessing more than 10% of the total combined voting power
of all classes of capital stock of the Company or any Parent or Subsidiary.

2.39          
“Termination of Affiliation” occurs on the first day on which an individual is for any reason no longer providing
services to the Company or an Affiliate in the capacity of an employee, officer, consultant or non-employee director, including by reason
of any transaction that causes each Affiliate for whom the individual performs services to cease to be an Affiliate of the Company.

    	 	4	 

     

    

Article
3.

Administration 

3.1              
Committee. Subject to Section 3.2, the Plan shall be administered by a committee (“Committee”) comprised of two or
more directors who may be appointed by the Board from time to time and may be removed by the Board from time to time. Notwithstanding
the foregoing, for purposes of Awards to non-employee directors, “Committee” shall mean the full Board. In the event that
the Company or any Parent has a class of securities that is registered under Section 12 of the Exchange Act, the Committee shall be comprised
of two or more directors of the Company, all of whom qualify as Section 16 Non-Employee Directors. The number of members of the Committee
may from time to time be increased or decreased, and shall be subject to such conditions, in each case if and to the extent the Board
deems it appropriate to permit transactions in Shares pursuant to the Plan to satisfy such conditions of Rule 16b-3.

3.2              
Powers of Committee. Subject to and consistent with the provisions of the Plan, the Committee has full and final authority and
sole discretion as follows:

(a)               
to determine when, to whom and in what types and amounts Awards should be granted;

(b)               
to grant Awards to Eligible Persons in any number, and to determine the terms and conditions applicable to each Award (including the
number of Shares to which an Award will relate, any Option Price, Grant Price or purchase price, any limitation or restriction, any schedule
for or performance conditions relating to the earning of the Award or the lapse of limitations, forfeiture restrictions, restrictions
on exercisability or transferability, any performance goals including those relating to the Company and/or an Affiliate and/or any division
thereof and/or an individual, and/or vesting based on the passage of time, based in each case on such considerations as the Committee
shall determine);

(c)               
to determine whether or not specific Awards shall be granted in connection with other specific Awards, and if so, whether they shall
be exercisable cumulatively with, or alternatively to, such other specific Awards and all other matters to be determined in connection
with an Award;

(d)               
to determine the Option Term and the SAR Term;

(e)               
to determine the amount, if any, that a Grantee shall pay for Restricted Shares, whether to permit or require the payment of cash dividends
thereon to be deferred and the terms related thereto, when Restricted Shares (including Restricted Shares acquired upon the exercise
of an Option) shall be forfeited and whether such shares shall be held in escrow;

(f)                
to determine whether, to what extent and under what circumstances an Award may be settled in, or the exercise price of an Award may be
paid in, cash, Shares, other Awards or other property, or an Award may be accelerated, vested, canceled, forfeited or surrendered or
any terms of the Award may be waived, and to accelerate the exercisability of, and to accelerate or waive any or all of the terms and
conditions applicable to, any Award or any group of Awards for any reason and at any time or to extend the period subsequent to the Termination
of Affiliation within which an Award may be exercised;

(g)               
to offer to exchange or buy out any previously granted Award for a payment in cash, Shares or other Award;

    	 	5	 

     

    

(h)               
 to construe and interpret the Plan and to make all determinations, including factual determinations, necessary or advisable for the
administration of the Plan;

(i)                
to make, amend, suspend, waive and rescind rules and regulations relating to the Plan;

(j)                
to appoint such agents as the Committee may deem necessary or advisable to administer the Plan;

(k)               
to determine the terms and conditions of all Award Agreements applicable to Eligible Persons (which need not be identical) and, with
the consent of the Grantee, to amend any such Award Agreement at any time, among other things, to change the Option Price or to permit
transfers of such Awards to the extent permitted by the Plan; provided that the consent of the Grantee shall not be required for
any amendment (i) which does not adversely affect the rights of the Grantee, or (ii) which is necessary or advisable (as determined by
the Committee) to carry out the purpose of the Award as a result of any new applicable law or change in an existing applicable law, or
(iii) to the extent the Plan or Award Agreement specifically permits amendment without consent;

(l)                
to cancel, with the consent of the Grantee, outstanding Awards and to grant new Awards in substitution therefor;

(m)             
to impose such additional terms and conditions upon the grant, exercise or retention of Awards as the Committee may, before or concurrently
with the grant thereof, deem appropriate, including limiting the percentage of Awards which may from time to time be exercised by a Grantee;

(n)               
to make adjustments in the terms and conditions of, and the criteria in, Awards in recognition of unusual or nonrecurring events (including
events described in Section 4.2) affecting the Company or an Affiliate or the financial statements of the Company or an Affiliate, or
in response to changes in applicable laws, regulations or accounting principles;

(o)               
to correct any defect or supply any omission or reconcile any inconsistency, and to construe and interpret the Plan, the rules and regulations,
and Award Agreement or any other instrument entered into or relating to an Award under the Plan; and

(p)               
to take any other action with respect to any matters relating to the Plan for which it is responsible and to make all other decisions
and determinations as may be required under the terms of the Plan or as the Committee may deem necessary or advisable for the administration
of the Plan.

Any action
of the Committee with respect to the Plan shall be final, conclusive and binding on all persons, including the Company, its Affiliates,
any Grantee, any person claiming any rights under the Plan from or through any Grantee, and stockholders, except to the extent the Committee
may subsequently modify, or take further action not consistent with, its prior action. If not specified in the Plan, the time at which
the Committee must or may make any determination shall be determined by the Committee, and any such determination may thereafter be modified
by the Committee. 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. The Committee may delegate to officers or managers of the Company or
any Affiliate the authority, subject to such terms as the Committee shall determine, to perform specified functions under the Plan (subject
to Section 5.6(c)).

    	 	6	 

     

    

Article
4.

Shares Subject to the Plan 

4.1              
Number of Shares Available for Grants. The Plan authorizes the issuance of [one hundred
thousand (100,000)] Shares subject to adjustments in accordance with Section 4.2. Shares issued pursuant Awards be made pursuant
to Section 5.5(b) will not be charged against the Shares authorized for issuance under the Plan.

Only Shares
actually issued shall be charged against the Shares authorized for issuance under the Plan. If any Shares subject to an Award granted
hereunder are forfeited or such Award otherwise terminates without the delivery of such Shares, the Shares subject to such Award, to
the extent of any such forfeiture or termination, shall again be available for grant under the Plan. If any Shares subject to an Award
granted hereunder are withheld or applied as payment in connection with the exercise of an Award or the withholding or payment of taxes
related thereto (“Returned Shares”), such Returned Shares, shall again be available for grant under the Plan.

The Committee
shall from time to time determine the appropriate methodology for calculating the number of Shares to which an Award relates pursuant
to the Plan.

Shares delivered
pursuant to the Plan may be, in whole or in part, authorized and unissued Shares, or treasury Shares, including Shares repurchased by
the Company for purposes of the Plan.

4.2              
Adjustments in Authorized Shares and Awards; Liquidation, Dissolution or Change of Control. 

(a)               
Adjustment in Authorized Shares and Awards. In the event that the Committee determines that any dividend or other distribution
(whether in the form of cash, Shares, or other property), recapitalization, forward or reverse stock split, subdivision, consolidation
or reduction of capital, reorganization, merger, consolidation, scheme of arrangement, split-up, spin-off or combination involving the
Company or repurchase or exchange of Shares or other securities of the Company or other rights to purchase Shares or other securities
of the Company, or other similar corporate transaction or event affects the Shares such that any adjustment is determined by 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 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) with respect to which Awards may be granted, (ii) the number and type of Shares (or other securities or
property) subject to outstanding Awards, (iii) the Option Price or Grant Price with respect to any Award or, if deemed appropriate, make
provision for a cash payment to the holder of an outstanding Award, and (iv) the number and kind of Shares of outstanding Restricted
Shares or relating to any other outstanding Award in connection with which Shares are subject; provided, in each case, that with
respect to Stock Options and SARs, no such adjustment shall be authorized to the extent that such adjustment would cause the Option or
SAR (determined as if such Option or SAR was an Incentive Stock Option) to violate Section 424(a) of the Code or otherwise subject any
Grantee to taxation under Section 409A of the Code; and provided further that the number of Shares subject to any Award denominated
in Shares shall always be a whole number.

(b)               
Merger, Consolidation or Similar Corporate Transaction. In the event of a merger or consolidation of the Company with or into
another corporation or a sale of substantially all of the stock of the Company (a “Corporate Transaction”), unless an outstanding
Award is assumed by the Surviving Company or replaced with an equivalent Award granted by the Surviving Company in substitution for such
outstanding Award, such Award shall be vested and non-forfeitable and any conditions on such Award shall lapse, as to all or any part
of such Award, including Shares as to which the Award would not otherwise be
exercisable or non-forfeitable. If an Award becomes exercisable or non-forfeitable in lieu of assumption or replacement by the Surviving
Company in a Corporate Transaction, the Committee may either (i) allow all Grantees to exercise such Awards of Options and SARs within
a reasonable period prior to the consummation of the transactions and cancel any outstanding Awards that remain unexercised upon consummation
of the Corporate Transaction, or (ii) cancel any or all outstanding Awards of Options and SARs in exchange for a payment (in cash, or
in securities or other property) in an amount equal to the amount that the Grantee would have received (net of the Option Price and/or
Grant Price) if such Options and SARs were fully vested and exercised immediately prior to the consummation of the Corporate Transaction.
Notwithstanding the foregoing, if an Option or SAR is not assumed by the Surviving Company or replaced with an equivalent Award issued
by the Surviving Company and the Option Price with respect to any outstanding Option or the Grant Price with respect to any outstanding
SAR exceeds the Fair Market Value of the Shares immediately prior to the consummation of the Corporation Transactions, such Awards shall
be cancelled without any payment to the Grantee.

    	 	7	 

     

    

(c)               
Liquidation or Dissolution of the Company. In the event of the proposed dissolution or liquidation of the Company, each Award
will terminate immediately prior to the consummation of such proposed action, unless otherwise provided by the Committee. Additionally,
the Committee may, in the exercise of its sole discretion, cause Awards to be vested and non-forfeitable and cause any conditions on
any such Award to lapse, as to all or any part of such Award, including Shares as to which the Award would not otherwise be exercisable
or non-forfeitable and allow all Grantees to exercise such Awards of Options and SARs within a reasonable period prior to the consummation
of such proposed action. Any Awards that remain unexercised upon consummation of such proposed action shall be cancelled.

Article
5.

Eligibility and General Conditions of Awards 

5.1              
Eligibility. The Committee may in its discretion grant Awards to any Eligible Person, whether or not he or she has previously
received an Award.

5.2              
Award Agreement. To the extent not set forth in the Plan, the terms and conditions of each Award shall be set forth in an Award
Agreement.

5.3              
General Terms and Termination of Affiliation. Except as provided in an Award Agreement or as otherwise provided below in this
Section 5.3, all Options or SARs that have not been exercised, or any other Awards that remain subject to a risk of forfeiture or which
are not otherwise vested, at the time of a Termination of Affiliation shall be forfeited to the Company.

(a)               
Options and SARs. Except as otherwise provided in an Award Agreement:		(i)	If
                                            Termination of Affiliation occurs for a reason other than death, Disability or Cause, Options
                                            and SARs which were vested and exercisable immediately before such Termination of Affiliation
                                            shall remain exercisable for a period ending ninety (90) days following such Termination
                                            of Affiliation (but not later than the expiration of the Option Term or SAR Term, as applicable)
                                            and shall then terminate.

		(ii)	If
                                            Termination of Affiliation occurs by reason of death or Disability, Options and SARs which
                                            were vested and exercisable immediately before such Termination of Affiliation shall remain
                                            exercisable for a period ending one (1) year following such Termination of Affiliation (but
                                            not later than the expiration of the Option Term or SAR Term, as applicable) and shall then
                                            terminate.

    	 	8	 

     

    

(b)               
Restricted Shares. Except as otherwise provided in an Award Agreement, if Termination of Affiliation occurs for any reason, all
Restricted Shares that are unvested or still subject to restrictions shall be forfeited by the Grantee and reacquired by the Company,
and the Grantee shall sign any document and take any other action required to assign such Shares back to the Company.

(c)               
Leaves of Absence.

		(i)	Unless
                                            the Committee provides otherwise, vesting of Options granted hereunder to officers and directors
                                            shall be suspended during any unpaid leave of absence.

		(ii)	An
                                            Eligible Person shall not cease to be an Eligible Person in the case of (A) any leave of
                                            absence approved by the Company or one of its Affiliates or (B) transfers between locations
                                            of the Company or between the Company, its Affiliates.

		(iii)	Notwithstanding
                                            the foregoing, no such leave of absence may exceed ninety (90) days, unless reemployment
                                            upon expiration of such leave is guaranteed by statute or contract. If reemployment upon
                                            expiration of a leave of absence approved by the Company or any of its Affiliates is not
                                            so guaranteed, the Grantee’s Termination of Affiliation will occur on the ninety-first
                                            (91st) day after such leave commences, unless the Grantee resumes active service
                                            prior to that date.

(d)               
Change in Employment Status. Ninety (90) days after a Grantee ceases to be an employee of the Company and all Parents and Subsidiaries
without having had a Termination of Affiliation, any Incentive Stock Option granted to such Grantee shall cease to be treated as an Incentive
Stock Option and shall be treated as a Non-qualified Stock Option.

(e)               
Waiver by Committee. Notwithstanding the foregoing provisions of this Section 5.3, the Committee may in its sole discretion as
to all or part of any Option or SAR as to any Grantee, at the time the Award is granted or thereafter, determine that such Options or
SARs shall become exercisable or vested upon a Termination of Affiliation, determine that the Options or SARs shall continue to become
exercisable or vested in full or in installments after Termination of Affiliation, extend the period for exercise of Options or SARs
following Termination of Affiliation (but not beyond the earlier of ten (10) years from the date of grant of the Option or SAR or the
end of the original Option Term or SAR Term). In addition, the Committee may in its sole discretion at any time prior to the forfeiture
of any Restricted Shares granted to a Grantee, cause the forfeiture restrictions with respect to all or any portion of such Grantee’s
Restricted Shares to lapse and become fully vested and nonforfeitable.

5.4              
Nontransferability of Awards. 

(a)               
Each Award and each right under any Award shall be exercisable only by the Grantee during the Grantee’s lifetime, or, if permissible
under applicable law, by the Grantee’s guardian or legal representative.

    	 	9	 

     

    

(b)               
No Award (prior to the time, if applicable, Shares are delivered in respect of such Award), and no right under any Award, may be assigned,
alienated, pledged, attached, sold or otherwise transferred or encumbered by a Grantee otherwise than by will or by the laws of descent
and distribution (or in the case of Restricted Shares, to the Company), and any such purported assignment, alienation, pledge, attachment,
sale, transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate; provided that the designation
of a beneficiary to receive benefits in the event of the Grantee’s death shall not constitute an assignment, alienation, pledge,
attachment, sale, transfer or encumbrance.

(c)               
Notwithstanding subsections (a) and (b) above, to the extent provided in the Award Agreement, Awards other than Incentive Stock Options,
may be transferred, without consideration, to a Permitted Transferee. For this purpose, a “Permitted Transferee” in respect
of any Grantee means any member of the Immediate Family of such Grantee, any trust of which all of the primary beneficiaries are such
Grantee or members of his or her Immediate Family, or any partnership (including limited liability companies and similar entities) of
which all of the partners or members are such Grantee or members of his or her Immediate Family; and the “Immediate Family”
of a Grantee means the Grantee’s spouse, children, stepchildren, grandchildren, parents, stepparents, siblings, grandparents, nieces
and nephews or the spouse of any of the foregoing individuals. Such Award may be exercised by such transferee in accordance with the
terms of such Award. If so determined by the Committee, a Grantee may, in the manner established by the Committee, designate a beneficiary
or beneficiaries to exercise the rights of the Grantee, and to receive any distribution with respect to any Award upon the death of the
Grantee. A transferee, beneficiary, guardian, legal representative or other person claiming any rights under the Plan from or through
any Grantee shall be subject to and consistent with the provisions of the Plan and any applicable Award Agreement, except to the extent
the Plan and Award Agreement otherwise provide with respect to such persons, and to any additional restrictions or limitations deemed
necessary or appropriate by the Committee.

5.5              
Stand-Alone and Substitute Awards.

(a)               
Awards granted under the Plan may, in the discretion of the Committee, be granted either alone or in addition to or in substitution for
any other Award granted under the Plan or any award or benefit granted by the Company or any Affiliate under any other plan, program,
arrangement, contract or agreement (a “Non-Plan Award”). If an Award is granted in substitution for another Award or any
Non-Plan Award, the Committee shall require the surrender of such other Award or Non-Plan Award in consideration for the grant of the
new Award.

(b)               
The Committee may, in its discretion and on such terms and conditions as the Committee considers appropriate in the circumstances, grant
Awards under the Plan (“Substitute Awards”) in substitution for stock and stock-based awards (“Acquired Entity Awards”)
held by current and former employees or non-employee directors of, or consultants to, another corporation or entity who become Eligible
Persons as the result of a merger or consolidation of the employing corporation or other entity (the “Acquired Entity”) with
the Company or an Affiliate or the acquisition by the Company or an Affiliate of property or stock of the Acquired Entity immediately
prior to such merger, consolidation or acquisition (“Acquisition Date”) in order to preserve for the Grantee the economic
value of all or a portion of such Acquired Entity Award at such price as the Committee determines necessary to achieve preservation of
economic value. The limitations of Section 4.1 on the number of Shares reserved or available for grants, and the limitations under
Sections 6.3 and 8.3 with respect to Option Prices and Grant Prices for SARs, shall not apply to Substitute Awards granted under this
subsection (b).

5.6              
Compliance with Rule 16b-3. The provisions of this Section 5.6 will not apply unless the Company or any Parent has a class of
stock that is registered under Section 12 of the Exchange Act.

    	 	10	 

     

    

(a)               
Six-Month Holding Period Advice. Unless a Grantee could otherwise dispose of or exercise a derivative security or dispose of Shares
delivered under the Plan without incurring liability under Section 16(b) of the Exchange Act, the Committee may advise or require a Grantee
to comply with the following in order to avoid incurring liability under Section 16(b): (i) at least six months must elapse from
the date of acquisition of a derivative security under the Plan to the date of disposition of the derivative security (other than upon
exercise or conversion) or its underlying equity security, and (ii) Shares granted or awarded under the Plan other than upon exercise
or conversion of a derivative security must be held for at least six months from the date of grant of an Award.

(b)               
Reformation to Comply with Exchange Act Rules. To the extent the Committee determines that a grant or other transaction by a Section
16 Person should comply with applicable provisions of Rule 16b-3 (except for transactions exempted under alternative Exchange Act rules),
the Committee shall take such actions as necessary to make such grant or other transaction so comply, and if any provision of this Plan
or any Award Agreement relating to a given Award does not comply with the requirements of Rule 16b-3 as then applicable to any such grant
or transaction, such provision will be construed or deemed amended, if the Committee so determines, to the extent necessary to conform
to the then applicable requirements of Rule 16b-3.

(c)               
Rule 16b-3 Administration. Any function relating to a Section 16 Person shall be performed solely by the Committee if necessary
to ensure compliance with applicable requirements of Rule 16b-3, to the extent the Committee determines that such compliance is desired.
Each member of the Committee or person acting on behalf of the Committee shall be entitled to, in good faith, rely or act upon any report
or other information furnished to him by any officer, manager or other employee of the Company or any Affiliate, the Company’s
independent certified public accountants or any executive compensation consultant or attorney or other professional retained by the Company
to assist in the administration of the Plan.

Article
6.

Stock Options 

6.1              
Grant of Options. Subject to and consistent with the provisions of the Plan, Options may be granted to any Eligible Person in
such number, and upon such terms, and at any time and from time to time as shall be determined by the Committee.

6.2              
Award Agreement. Each Option grant shall be evidenced by an Award Agreement that shall specify the Option Price, the Option Term
(not to exceed ten (10) years from its Grant Date), the number of Shares to which the Option pertains, the time or times at which such
Option shall be exercisable and such other provisions as the Committee shall determine.

6.3              
Option Price. The Option Price of an Option under this Plan shall be determined in the sole discretion of the Committee, but in
no case shall the Option Price be less than 100% of the Fair Market Value of a Share on the Grant Date.

6.4              
Grant of Incentive Stock Options. At the time of the grant of any Option, the Committee may in its discretion designate that such
Option shall be made subject to additional restrictions to permit it to qualify as an Incentive Stock Option. Any Option designated as
an Incentive Stock Option:

(a)               
shall be granted only to an employee of the Company or a Subsidiary;

    	 	11	 

     

    

(b)               
shall, if granted to Ten Percent Owner, have an Option Price not less than 110% of the Fair Market Value of a Share on its Grant Date;

(c)               
shall have an Option Term of not more than ten (10) years (five years if the Grantee is a Ten Percent Owner) from its Grant Date, and
shall be subject to earlier termination as provided herein or in the applicable Award Agreement;

(d)               
shall not have an aggregate Fair Market Value (as of the Grant Date) of the Shares with respect to which Incentive Stock Options (whether
granted under the Plan or any other stock option plan of the Grantee’s employer or any Parent or Subsidiary (“Other Plans”))
are exercisable for the first time by such Grantee during any calendar year (“Current Grant”), determined in accordance with
the provisions of Section 422 of the Code, which exceeds $100,000 (the “$100,000 Limit”);

(e)               
shall, if the aggregate Fair Market Value of the Shares (determined on the Grant Date) with respect to the Current Grant and all Incentive
Stock Options previously granted under the Plan and any Other Plans which are exercisable for the first time during a calendar year (“Prior
Grants”) would exceed the $100,000 Limit, be, as to the portion in excess of the $100,000 Limit, exercisable as a separate option
that is not an Incentive Stock Option at such date or dates as are provided in the Current Grant;

(f)                
shall require the Grantee to notify the Committee of any disposition of any Shares delivered pursuant to the exercise of the Incentive
Stock Option under the circumstances described in Section 421(b) of the Code (relating to holding periods and certain disqualifying
dispositions) (“Disqualifying Disposition”), within 10 days of such a Disqualifying Disposition;

(g)               
shall by its terms not be assignable or transferable other than by will or the laws of descent and distribution and may be exercised,
during the Grantee’s lifetime, only by the Grantee; provided, however, that the Grantee may, to the extent provided in the
Plan in any manner specified by the Committee, designate in writing a beneficiary to exercise his or her Incentive Stock Option after
the Grantee’s death; and

(h)               
shall, if such Option nevertheless fails to meet the foregoing requirements, or otherwise fails to meet the requirements of Section 422
of the Code for an Incentive Stock Option, be treated for all purposes of this Plan, except as otherwise provided in subsections (d)
and (e) above, as an Option that is not an Incentive Stock Option.

Notwithstanding
the foregoing and Section 3.2, the Committee may, without the consent of the Grantee, at any time before the exercise of an Option
(whether or not an Incentive Stock Option), take any action necessary to prevent such Option from being treated as an Incentive Stock
Option.

6.5              
Payment. Except as otherwise provided by the Committee in an Award Agreement, Options shall be exercised by the delivery of a
written notice of exercise to the Company, setting forth the number of Shares with respect to which the Option is to be exercised, accompanied
by full payment for the Shares made by any one or more of the following means:

(a)               
cash, personal check or wire transfer;

(b)               
Shares previously owned by the Grantee, valued at their Fair Market Value on the date of exercise;

    	 	12	 

     

    

(c)               
with the approval of the Committee, Restricted Shares held by the Grantee immediately prior to the exercise of the Option, each such
share valued at the Fair Market Value of a Share on the date of exercise;

(d)               
with the approval of the Committee, the Shares acquired upon the exercise of such Option, each such Share valued at the Fair Market Value
of a Share on the date of exercise; or

(e)               
subject to applicable law (including the prohibited loan provisions of Section 402 of the Sarbanes-Oxley Act of 2002), through the
sale of the Shares acquired on exercise of the Option through a broker-dealer to whom the Grantee has submitted an irrevocable notice
of exercise and irrevocable instructions to deliver promptly to the Company the amount of sale or loan proceeds sufficient to pay for
such Shares, together with, if requested by the Company, the amount of federal, state, local or foreign withholding taxes payable by
Grantee by reason of such exercise.

If any Restricted
Shares (“Tendered Restricted Shares”) are used to pay the Option Price, a number of Shares acquired on exercise of the Option
equal to the number of Tendered Restricted Shares shall be subject to the same restrictions as the Tendered Restricted Shares, determined
as of the date of exercise of the Option.

At the discretion
of the Committee and subject to applicable law (including the prohibited loan provisions of Section 402 of the Sarbanes-Oxley Act
of 2002), the Company may loan a Grantee all or any portion of the amount payable by the Grantee to the Company upon exercise of the
Option.

Article
7.

Restricted Shares 

7.1              
Grant of Restricted Shares. Subject to and consistent with the provisions of the Plan, the Committee, at any time and from time
to time, may grant Restricted Shares to any Eligible Person in such amounts as the Committee shall determine.

7.2              
Award Agreement. Each grant of Restricted Shares shall be evidenced by an Award Agreement that shall specify the Period(s) of
Restriction, the number of Restricted Shares granted, and such other provisions as the Committee shall determine. The Committee may impose
such conditions and/or restrictions on any Restricted Shares granted pursuant to the Plan as it may deem advisable, including restrictions
based upon the achievement of specific performance goals, time-based restrictions on vesting following the attainment of the performance
goals, and/or restrictions under applicable securities laws.

7.3              
Consideration for Restricted Shares. The Committee shall determine the amount, if any, that a Grantee shall pay for Restricted
Shares.

7.4              
Effect of Forfeiture. If Restricted Shares are forfeited, and if the Grantee was required to pay for such shares or acquired such
Restricted Shares upon the exercise of an Option, the Grantee shall be deemed to have resold such Restricted Shares to the Company at
a price equal to the lesser of (x) the amount paid by the Grantee for such Restricted Shares, or (y) the Fair Market Value
per Share on the date of such forfeiture. The Company shall pay to the Grantee the deemed sale price as soon as is administratively practical
following the date of the event causing the forfeiture. Such Restricted Shares shall cease to be outstanding, and shall no longer confer
on the Grantee thereof any rights as a stockholder of the Company, from and after the date of the event causing the forfeiture, whether
or not the Grantee accepts the Company’s tender of payment for such Restricted Shares.

    	 	13	 

     

    

7.5              
Escrow; Legends. The Committee may provide that the certificates for any Restricted Shares (x) shall be held (together with a
stock power executed in blank by the Grantee) in escrow by the Secretary of the Company until such Restricted Shares become nonforfeitable
or are forfeited and/or (y) shall bear an appropriate legend restricting the transfer of such Restricted Shares under the Plan. If any
Restricted Shares become nonforfeitable, the Company shall cause certificates for such shares to be delivered without such legend.

Article
8.

Stock Appreciation Rights 

8.1              
Issuance. Subject to and consistent with the provisions of the Plan, the Committee, at any time and from time to time, may grant
SARs to any Eligible Person. The Committee may impose such conditions or restrictions on the exercise of any SAR as it shall deem appropriate.

8.2              
Award Agreements. Each SAR grant shall be evidenced by an Award Agreement in such form as the Committee may approve and shall
contain such terms and conditions not inconsistent with other provisions of the Plan as shall be determined from time to time by the
Committee; provided that no SAR grant shall have an SAR Term of more than ten (10) years from the date of grant of the SAR.

8.3              
Grant Price. The Grant Price of a SAR shall be determined by the Committee in its sole discretion; provided that the Grant Price
shall not be less than 100% of the Fair Market Value of a Share on the date of the grant of the SAR.

8.4              
Exercise and Payment. Upon the exercise of a SAR, the Grantee shall be entitled to receive a payment in an amount equal to the
product of number of Shares for which the SAR is then being exercised multiplied by the excess of (i) the Fair Market Value of a Share
on the date of exercise of SARs over (ii) the Grant Price of the SARs. SARs shall be deemed exercised on the date written notice of exercise
in a form acceptable to the Committee is received by the Secretary of the Company. The Company shall make payment in respect of any SAR
within five (5) days of the date the SAR is exercised. Any payment by the Company in respect of a SAR may be made in cash, Shares, other
property, or any combination thereof, as the Committee, in its sole discretion, shall determine.

8.5              
Grant Limitations. The Committee may at any time impose any other limitations upon the exercise of SARs which, in the Committee's
sole discretion, are necessary or desirable in order for Grantees to qualify for an exemption from Section 16(b) of the Exchange Act.

Article
9.

Right of First Refusal; Company Repurchase Rights 

9.1              
Right of First Refusal. In the event that a Holder desires at any time to sell or otherwise transfer all or any part of the Shares
issued under this Plan then held by such Holder, the Holder first shall give written notice to the Company of his intention to make such
transfer. Such notice shall state the number of Shares which the Holder proposes to sell (the “Offered Shares”), the price
and the terms at which the proposed sale is to be made and the name and address of the proposed transferee. At any time within 30 days
after the receipt of such notice by the Company, the Company or its assigns may elect to purchase all or any portion of the Offered Shares
at the price and on the terms offered by the proposed transferee and specified in the notice. The Company or its assigns shall exercise
this right by mailing or delivering written notice to the Holder within the foregoing 30-day period. If the Company or its assigns elect
to exercise its purchase rights under this Section 9.1, the closing for such purchase shall, in any event, take place within 45 days
after the receipt by the Company of the initial notice from the Holder. In the event that the Company or its assigns do not elect to
exercise such purchase right, or in the event that the Company or its assigns do not pay the full purchase price within such 45-day period,
the Holder may, within 60 days thereafter, sell the Offered Shares to the proposed transferee and at the same price and on the same terms
as specified in the Holder’s notice. Any Shares purchased by such proposed transferee shall no longer be subject to Article 9 of
this Plan and such transferee shall not be considered a Holder hereunder. Any Shares not sold to the proposed transferee shall remain
subject to Article 9 of this Plan.

    	 	14	 

     

    

9.2              
Drag Along Right. In the event the holders of a majority of the Company’s voting capital stock then outstanding (the “Majority
Shareholders”) determine to sell or otherwise dispose of all or substantially all of the assets of the Company or all or fifty
percent (50%) or more of the capital stock of the Company to any Person (other than an Affiliate of the Company or any of the Majority
Shareholders), or to cause the Company to merge with or into or consolidate with any Person (other than an Affiliate of the Company or
any of the Majority Shareholders) (in each case, the “Buyer”) in a bona fide negotiated transaction (a “Sale”),
each Holder of Shares issued under the Plan, shall be obligated to and shall upon the written request of the Majority Shareholders: (a)
sell, transfer and deliver, or cause to be sold, transferred and delivered, to the Buyer, his or her Shares issued under the Plan that
are then presently held by such Holder or that will be issued as a result of any such transaction on substantially the same terms applicable
to the Majority Shareholders (with appropriate adjustments to reflect the conversion of convertible securities, the redemption of redeemable
securities and the exercise of exercisable securities as well as the relative preferences and priorities of preferred stock); and (b)
execute and deliver such instruments of conveyance and transfer and take such other action, including voting such Shares in favor of
any Sale proposed by the Majority Shareholders and executing any purchase agreements, merger agreements, indemnity agreements, escrow
agreements or related documents as the Majority Shareholders or the Buyer may reasonably require in order to carry out the terms and
provisions of this 9.2.

9.3              
Escrow Arrangement.

(a)               
Escrow. In order to carry out the provisions of Sections 9.1 and 9.2 of this Plan more effectively, the Company may hold any Shares
issued under this Plan in escrow together with separate stock powers executed by the Holder in blank for transfer, and any Permitted
Transferee shall, as an additional condition to any transfer of any such Shares, execute a like stock power as to such Shares. The Company
shall not dispose of such Shares except as otherwise provided in this Plan. In the event of any repurchase by the Company (or any of
its assigns), the Company is hereby authorized by the Holder as the Holder’s attorney-in-fact, to date and complete the stock powers
necessary for the transfer of the Shares being purchased and to transfer such Shares in accordance with the terms hereof. At such time
as any Shares are no longer subject to the Company’s right of repurchase, first refusal and drag along rights, the Company shall,
at the written request of the Holder, deliver to the Holder a certificate representing such Shares with the balance of the Shares to
be held in escrow pursuant to this Section 9.3.

(b)               
Remedy. Without limitation of any other provision of this Plan or other rights, in the event that a Holder or any other Person
is required to sell a Holder’s Shares pursuant to the provisions of Sections 9.1 or 9.2 hereof and in the further event that he
or she refuses or for any reason fails to deliver to the Company or its designated purchaser of such Shares the certificate or certificates
evidencing such Issued Shares together with a related stock power, the Company or such designated purchaser may deposit the applicable
purchase price for such Shares with a bank designated by the Company, or with the Company’s independent public accounting firm,
as agent or trustee, or in escrow, for such Holder or other Person, to be held by such bank or accounting firm for the benefit of and
for delivery to him, her, them or it, and/or, in its discretion, pay such purchase price by offsetting any indebtedness then owed by
such Holder as provided above. Upon any such deposit and/or offset by the Company or its designated purchaser of such amount and upon
notice to the Person who was required to sell the Shares to be sold pursuant to the provisions of Sections
9.1 or 9.2, such Shares shall at such time be deemed to have been sold, assigned, transferred and conveyed to such purchaser, such Holder
shall have no further rights thereto (other than the right to withdraw the payment thereof held in escrow, if applicable), and the Company
shall record such transfer in its stock transfer book or in any appropriate manner.

    	 	15	 

     

    

9.4              
Lockup Provision. A Holder agrees, if requested by the Company and any underwriter engaged by the Company, not to sell or otherwise
transfer or dispose of any Shares issued under this Plan (including, without limitation, pursuant to Rule 144 under the Securities Act)
held by him or her for such period following the effective date of any registration statement of the Company filed under the Securities
Act as the Company or such underwriter shall specify reasonably and in good faith, not to exceed 180 days in the case of the Company’s
initial public offering or 90 days in the case of any other public offering.

9.5              
Adjustments for Changes in Capital Structure. If, as a result of any reorganization, recapitalization, reclassification, stock
dividend, stock split, reverse stock split or other similar change in the Common Stock, the outstanding shares of Common Stock are increased
or decreased or are exchanged for a different number or kind of shares of the Company’s stock, the restrictions contained in this
Article 9 shall apply with equal force to additional and/or substitute securities, if any, received by Holder in exchange for, or
by virtue of his or her ownership of such Shares.

9.6              
Transfers to Competitors. Notwithstanding anything contained herein to the contrary, no Shares issued under this Plan may be sold
or otherwise transferred to a party that is a competitor of the Company without the prior written approval of the Board. Any sale or
other purported sale of Shares in violation of this 9.6 shall be null and void.

9.7              
Termination. The terms and provisions of Sections 9.1 or 9.2 and 9.6 shall terminate upon the closing of the Company’s initial
public offering of the Company’s Common Stock or upon consummation of any Sale, in either case as a result of which any shares
of Common Stock of the Company, the Surviving Company or any Parent are registered under Section 12 of the Exchange Act and publicly
traded on NASDAQ/NMS or any national security exchange.

Article
10.

Amendment, Modification, and Termination 

10.1          
Amendment, Modification, and Termination. Subject to Section 10.2, the Board may, at any time and from time to time, alter, amend,
suspend, discontinue or terminate the Plan in whole or in part without the approval of the Company’s stockholders, except that
(a) any amendment or alteration shall be subject to the approval of the Company’s stockholders 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 the Shares
may then be listed or quoted, and (b) the Board may otherwise, in its discretion, determine to submit other such amendments or alterations
to stockholders for approval.

10.2          
Awards Previously Granted. Except as otherwise specifically permitted in the Plan or an Award Agreement, no termination, amendment,
or modification of the Plan shall adversely affect in any material way any Award previously granted under the Plan, without the written
consent of the Grantee of such Award.

    	 	16	 

     

    

Article
11.

Withholding 

11.1          
Required Withholding. 

(a)               
The Committee in its sole discretion may provide that when taxes are to be withheld in connection with the exercise of an Option or SAR,
or upon the lapse of restrictions on Restricted Shares, or upon payment of any other benefit or right under this Plan (the date on which
such exercise occurs or such restrictions lapse or such payment of any other benefit or right occurs hereinafter referred to as the “Tax
Date”), the Grantee may elect to make payment for the withholding of federal, state and local taxes, including Social Security
and Medicare (“FICA”) taxes by one or a combination of the following methods:

		(i)	
payment of an amount in cash equal to the amount to be withheld;

		(ii)	delivering part or all of the amount to be withheld in the form of Shares valued at their Fair Market Value on the Tax Date;

		(iii)	requesting the Company to withhold from those Shares that would otherwise be received upon exercise of the Option or SAR, upon the lapse
of restrictions on Restricted Stock, a number of Shares having a Fair Market Value on the Tax Date equal to the amount to be withheld;

		(iv)	withholding from any compensation otherwise due to the Grantee; or

       

		(v)	at
                                            the discretion of the Committee and subject to applicable law (including the prohibited loan
                                            provisions of Section 402 of the Sarbanes-Oxley Act of 2002), the Company may loan a Grantee
                                            all or any portion of the amount to be withheld.

 

The Committee in its sole discretion
may provide that the maximum amount of tax withholding upon exercise of an Option to be satisfied by withholding Shares upon exercise
of such Option pursuant to clause (iii) above shall not exceed the minimum amount of taxes, including FICA taxes, required to be withheld
under federal, state and local law. An election by a Grantee under this subsection is irrevocable. Any fractional share amount and any
additional withholding not paid by the withholding or surrender of Shares or delivery of Shares must be paid in cash. If no timely election
is made, the Grantee must deliver cash to satisfy all tax withholding requirements.

(b)               
Any Grantee who makes a Disqualifying Disposition (as defined in Section 6.4(f)) or an election under Section 83(b) of the Code
shall remit to the Company an amount sufficient to satisfy all resulting tax withholding requirements in the same manner as set forth
in subsection (a).

11.2          
Notification under Code Section 83(b). If the Grantee, in connection with the grant of Restricted Shares, makes the election permitted
under Section 83(b) of the Code to include in such Grantee’s gross income in the year of transfer the amounts specified in Section
83(b) of the Code, then such Grantee shall notify the Company of such election within 10 days of filing the notice of the election with
the Internal Revenue Service, in addition to any filing and notification required pursuant to regulations issued under Section 83(b)
of the Code. The Committee may, in connection with the grant of an Award or at any time thereafter, prohibit a Grantee from making the
election described above.

    	 	17	 

     

    

Article
12.

Additional Provisions 

12.1          
Successors. All obligations of the Company under the Plan with respect to Awards granted hereunder shall be binding on any successor
to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise
of all or substantially all of the business and/or assets of the Company.

12.2          
Severability. If any part of the Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness
or invalidity shall not invalidate any other part of the Plan. Any Section or part of a Section so declared to be unlawful or invalid
shall, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest
extent possible while remaining lawful and valid.

12.3          
Requirements of Law. The granting of Awards and the delivery of Shares under the Plan shall be subject to all applicable laws,
rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. Notwithstanding
any provision of the Plan or any Award, Grantees shall not be entitled to exercise, or receive benefits under, any Award, and the Company
(and any Affiliate) shall not be obligated to deliver any Shares or deliver benefits to a Grantee, if such exercise or delivery would
constitute a violation by the Grantee or the Company of any applicable law or regulation.

12.4          
Securities Law Compliance. 

(a)               
If the Committee deems it necessary to comply with any applicable securities law, or the requirements of any stock exchange upon which
Shares may be listed, the Committee may impose any restriction on Awards or Shares acquired pursuant to Awards under the Plan as it may
deem advisable. All certificates for Shares 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 Committee may deem advisable under the rules, regulations and other requirements
of the SEC, any stock exchange upon which Shares are then listed, any applicable securities law, and the Committee may cause a legend
or legends to be put on any such certificates to make appropriate reference to such restrictions. If so requested by the Company, the
Grantee shall make a written representation to the Company that he or she will not sell or offer to sell any Shares unless a registration
statement shall be in effect with respect to such Shares under the Securities Act of 1993, as amended, and any applicable state securities
law or unless he or she shall have furnished to the Company, in form and substance satisfactory to the Company, that such registration
is not required.

(b)               
If the Committee determines that the exercise or nonforfeitability of, or delivery of benefits pursuant to, any Award would violate any
applicable provision of securities laws or the listing requirements of any national securities exchange or national market system on
which are listed any of the Company’s equity securities, then the Committee may postpone any such exercise, nonforfeitability or
delivery, as applicable, but the Company shall use all reasonable efforts to cause such exercise, nonforfeitability or delivery to comply
with all such provisions at the earliest practicable date.

12.5          
No Rights as a Stockholder. No Grantee shall have any rights as a stockholder of the Company with respect to the Shares (other
than Restricted Shares) which may be deliverable upon exercise or payment of such Award until such Shares have been delivered to him
or her. Restricted Shares, whether held by a Grantee or in escrow by the Secretary of the Company, shall confer on the Grantee all rights
of a stockholder of the Company, except as otherwise provided in the Plan or Award Agreement. At the time of a grant of Restricted Shares,
the Committee may require the payment of cash dividends thereon to be deferred
and, if the Committee so determines, reinvested in additional Restricted Shares. Stock dividends and deferred cash dividends issued with
respect to Restricted Shares shall be subject to the same restrictions and other terms as apply to the Restricted Shares with respect
to which such dividends are issued. The Committee may in its discretion provide for payment of interest on deferred cash dividends.

    	 	18	 

     

    

12.6          
Nature of Payments. Unless otherwise specified in the Award Agreement, Awards shall be special incentive payments to the Grantee
and shall not be taken into account in computing the amount of salary or compensation of the Grantee for purposes of determining any
pension, retirement, death or other benefit under (a) any pension, retirement, profit-sharing, bonus, insurance or other employee
benefit plan of the Company or any Affiliate, except as such plan shall otherwise expressly provide, or (b) any agreement between
(i) the Company or any Affiliate and (ii) the Grantee, except as such agreement shall otherwise expressly provide.

12.7          
Non-Exclusivity of 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 to adopt such other compensatory arrangements for employees
as it may deem desirable.

12.8          
Governing Law. The Plan, and all agreements hereunder, shall be construed in accordance with and governed by the laws of the State
of California, other than its laws respecting choice of law.

12.9          
Share Certificates. All certificates for Shares delivered under the terms of the Plan shall be subject to such stop-transfer orders
and other restrictions as the Committee may deem advisable under federal or state securities laws, rules and regulations thereunder,
and the rules of any national securities laws, rules and regulations thereunder, and the rules of any national securities exchange or
automated quotation system on which Shares are listed or quoted. The Committee may cause a legend or legends to be placed on any such
certificates to make appropriate reference to such restrictions or any other restrictions or limitations that may be applicable to Shares.
In addition, during any period in which Awards or Shares are subject to restrictions or limitations under the terms of the Plan or any
Award Agreement, the Committee may require any Grantee to enter into an agreement providing that certificates representing Shares deliverable
or delivered pursuant to an Award shall remain in the physical custody of the Company or such other person as the Committee may designate.

12.10       
Unfunded Status of Awards; Creation of Trusts. The Plan is intended to constitute an “unfunded” plan for incentive
compensation. With respect to any payments not yet made to a Grantee pursuant to an Award, nothing contained in the Plan or any Award
Agreement shall give any such Grantee any rights that are greater than those of a general creditor of the Company; provided, however,
that the Committee may authorize the creation of trusts or make other arrangements to meet the Company’s obligations under the
Plan to deliver cash, Shares or other property pursuant to any Award which trusts or other arrangements shall be consistent with the
“unfunded” status of the Plan unless the Committee otherwise determines.

12.11       
Affiliation. Nothing in the Plan or an Award Agreement shall interfere with or limit in any way the right of the Company or any
Affiliate to terminate any Grantee’s employment or consulting contract at any time, nor confer upon any Grantee the right to continue
in the employ of or as an officer of or as a consultant to the Company or any Affiliate.

12.12       
Participation. No employee or officer shall have the right to be selected to receive an Award under this Plan or, having been
so selected, to be selected to receive a future Award.

    	 	19	 

     

    

12.13       
Military Service. Awards shall be administered in accordance with Section 414(u) of the Code and the Uniformed Services Employment
and Reemployment Rights Act of 1994.

12.14       
Construction. The following rules of construction will apply to the Plan: (a) the word “or” is disjunctive but not
necessarily exclusive, and (b) words in the singular include the plural, words in the plural include the singular, and words in the neuter
gender include the masculine and feminine genders and words in the masculine or feminine gender include the other neuter genders.

12.15       
Headings. The headings of articles and sections are included solely for convenience of reference, and if there is any conflict
between such headings and the text of this Plan, the text shall control.

12.16       
Obligations. Unless otherwise specified in the Award Agreement, the obligation to deliver, pay or transfer any amount of money
or other property pursuant to Awards under this Plan shall be the sole obligation of a Grantee’s employer; provided that
the obligation to deliver or transfer any Shares pursuant to Awards under this Plan shall be the sole obligation of the Company.

12.17       
Stockholder Approval. All Awards granted on or after the Effective Date and prior to the date the Company’s stockholders
approve the Plan are expressly conditioned upon and subject to approval of the Plan by the Company’s stockholders.

 

DATE APPROVED BY THE BOARD OF DIRECTORS:
[______________]

DATE APPROVED BY THE STOCKHOLDERS
OF THE COMPANY: [______________]

15048971\V-1

    	 	20Exhibit 10.1 

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT
(the “Agreement”) dated May 3, 2021 is by and between SOS Hydration, Inc., a California corporation (the “Company”)
and James Mayo (“Executive”).

 

RECITALS:

 

WHEREAS,
the Company employs Executive as its Chief Executive Officer; and

 

WHEREAS,
the Company and Executive desire to enter into this Agreement, which embodies the terms of such employment.

 

NOW,
THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration receipt
and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, agree as follows:

 

1.       Term
of Employment. Subject to the provisions of Section 5 of this Agreement, Executive shall commence employment with the
Company for a period (the “Employment Term”) commencing on the Effective Date and ending on the third anniversary
of the Effective Date on the terms and subject to the conditions set forth in this Agreement; provided, however, the Employment
Term shall be automatically extended for an additional one-year period commencing with the third anniversary of the Effective Date and,
thereafter, on each such successive anniversary of the Effective Date (each, an “Extension Date”), unless the Company
or Executive provides the other party at least 90 days’ prior written notice before the next Extension Date that the Employment
Term shall not be so extended (a “Notice of Non-Renewal”).

 

2.       Position,
Duties, Authority, and Policies.

 

(a)       During
the Employment Term, Executive shall serve as the Chief Executive Officer of the Company. Executive shall also serve as the Chairman
of the board of directors (“Board”). In such position, Executive shall have such duties, functions, responsibilities and
authority as shall be determined from time to time by the Board and consistent with Executive’s position and title. Executive shall
report directly to the Board. From time to time, Executive shall serve on the board of directors or other governing body of any Company
or its subsidiaries (the “Company Group”) as may be agreed to between the Board and Executive or removed from any
such position.

 

(b)       Executive
will devote substantially all of Executive’s business time and best efforts to the operation and oversight of the business of
the Company Group and performance of Executive’s duties hereunder (excluding periods of vacation, approved time off or leave
of absence) and will not, without the Company’s prior consent (which shall not be unreasonably withheld, conditioned or
delayed), engage in any other business activities that could conflict with Executive’s duties or services to the Company
Group. However, notwithstanding the foregoing, during the Employment Term, it shall not be a violation of the prior sentence for
Executive to engage in the activities as founder and Chief Executive Officer of SM24 Ltd. Executive shall be subject to the terms
and conditions of the Company Group’s
employee policies and codes of conduct as in effect from time to time to the extent not inconsistent with this Agreement.

    	 

    	 

    

 

3.       Compensation.

 

(a)       Base
Salary. During the Employment Term, the Company shall pay (or cause to be paid) to Executive a base salary (“Base Salary”)
at the annual rate of $185,000, payable in regular installments in accordance with the usual payment practices of the Company Group.
Executive’s Base Salary shall be subject to annual review and subject to increase, but not decrease, as may be determined from
time to time in the sole discretion of the Board.

 

(b)       Bonuses.
During the Employment Term, Executive shall be eligible to earn an annual bonus award (an “Annual Bonus”) based on
the achievement of performance objectives and targets established annually by the Board or the compensation committee of the Board, in
consultation with Executive. Additional bonuses may be granted by the Board to Executive in addition to the Annual Bonus, for services
and results achieved by Executive. Any Annual Bonus shall be paid to Executive within two and one-half months after the end of the applicable
fiscal year; provided, that if the applicable performance objectives and targets have not, if necessary, been verified by audit
by such time, then the Annual Bonus, if any, shall be payable within 10 days following such verification, but no later than December
31 of such year (provided, that the Company shall use its reasonable best efforts to complete any such audit and pay such Annual
Bonus as promptly as practicable). No Annual Bonus shall be payable in respect of any fiscal year in which Executive’s employment
is terminated, except to the extent provided in Section 5.

 

4.       Benefits.

 

(a)       General.
During the Employment Term, Executive shall be entitled to participate in the retirement, health and welfare benefit plans, practices,
policies and arrangements of the Company Group as in effect from time to time (collectively, “Employee Benefits”),
on terms and conditions no less favorable than each of the Employee Benefits are made available to any other senior executive of the
Company Group (other than with respect to any terms and conditions specifically determined under this Agreement, the benefits for which
shall be determined instead in accordance with this Agreement). For the avoidance of doubt, no new benefit plans shall be required to
be adopted. Executive shall be entitled to the perquisites set forth on Exhibit I.

 

(b)       Vacation.
Executive shall be entitled to six weeks paid vacation pursuant to the applicable Company vacation policy, plan or regular practice,
as may be modified from time to time.

 

(c)       Reimbursement
of Business Expenses. During the Employment Term, the Company shall reimburse Executive for reasonable business expenses incurred
by Executive in the performance of Executive’s duties hereunder in accordance with its then-prevailing business expense policy
(which shall include appropriate itemization and substantiation of expenses incurred); provided, that reimbursement for travel
expenses incurred by Executive in the performance of Executive’s duties hereunder shall be made in accordance with the travel policy
of the Company, which, with respect to Executive, shall be
consistent with the travel policy in effect for Executive as of immediately prior to the Effective Date.

 

5.       Termination.

 

(a)       The
Employment Term and Executive’s employment hereunder may be terminated by either party at any time and for any reason manner set
forth in this Section 5; provided, that the terminating party shall be required to give the other party at least 90 days’
advance written notice (the “Notice Period”) of such termination (other than as a result of (i) a termination by the
Company for Cause, which shall not require such advance notice, or (ii) a resignation by Executive for Good Reason, which shall require
notice as set forth in Section 5(d)(iii)). Notwithstanding any other provision of this Agreement, the provisions of this Section
5 shall exclusively govern Executive’s rights upon termination of employment with Company; provided, that Executive’s
rights under any equity plan, equity incentive award agreement or other employee benefit plan that provides for rights (other than severance
payments) upon termination of employment shall, in each case, be governed exclusively by such plan or agreement, as applicable.

 

(b)       By
the Company for Cause or by Executive without Good Reason.

 

(i)       The
Employment Term and Executive’s employment hereunder (A) may be terminated by the Company for Cause with immediate effect and (B)
shall terminate automatically upon the effective date (following the Notice Period) of Executive’s resignation for any reason other
than Good Reason.

 

(ii)       For
purposes of this Agreement, “Cause” shall mean (A) any willful act or omission that constitutes a material breach by
Executive of any of Executive’s material obligations under this Agreement; (B) the willful and continued failure or refusal of
Executive to substantially perform the material duties reasonably required of Executive as an employee of the Company Group; (C)
Executive’s commission or conviction of, or plea of guilty or nolo contendere to, (1) a felony or (2) a crime involving fraud
or moral turpitude (or any other crime relating to the Company Group which would reasonably be expected to be materially injurious
to the Company Group; provided, that if the Company terminates Executive’s employment and withholds payments or
benefits to Executive on the assertion that Executive committed a felony or crime described in this clause (C) and Executive is
subsequently acquitted of such felony or crime, then the Company shall promptly pay to Executive an amount sufficient to restore
Executive to the same economic position Executive would have been in had Executive’s termination of employment been without
Cause (including by paying an amount in severance that Executive would have been entitled to under this Agreement); (D)
Executive’s willful theft, dishonesty or other misconduct that would reasonably be expected to be injurious to the Company
Group; (E) Executive’s willful and unauthorized use, misappropriation, destruction or diversion of any material or intangible
asset of the Company Group (including, without limitation, Executive’s willful and unauthorized use or disclosure of the
Company Group’s confidential or proprietary information) that would reasonably be expected to be materially injurious to the
Company Group; (F) any violation by Executive of any law regarding employment discrimination or sexual harassment that would
reasonably be expected to be materially injurious to the Company Group; provided, that a termination of Executive’s employment for Cause
that is susceptible to cure shall not be effective unless the Company first gives Executive written notice of its intention to terminate
and the grounds for such termination, and Executive has not, within ten business days following receipt of such notice, cured such Cause;

    	 

    	 

    

 

(iii)       If
Executive’s employment is terminated by the Company for Cause, Executive shall be entitled to receive:

 

(A)       the
Base Salary through the date of termination;

(B)       reimbursement,
within 30 days following receipt by the Company of Executive’s claim for such reimbursement (including appropriate supporting documentation),
for any unreimbursed business expenses properly incurred by Executive in accordance with Company policy prior to Executive’s termination;
provided, that such claims for such reimbursement are submitted to the Company within 90
days following the date of Executive’s termination of employment; and

(C)       such
Employee Benefits (other than with respect to severance benefits), if any, to which Executive may be entitled, payable in accordance
with the terms and conditions of plan, program and policies (the amounts described in clauses (A) through (C) hereof being referred to
as the “Accrued Rights”).

 

Following such termination
of Executive’s employment by the Company for Cause, except as set forth in this Section 5(b)(iii), Executive shall have
no further rights to any compensation or any other benefits under this Agreement.

(iv)       If
Executive resigns for any reason other than Good Reason, provided that Executive will be required to comply with the Notice Period requirement
in Section 5(a), Executive shall be entitled to receive the Accrued Rights. During the Notice Period, and subject to the following sentence,
Executive shall continue to perform Executive’s duties and obligations under Section 2 hereto as reasonably requested by
the Company, and shall receive the Base Salary and Employee Benefits. In lieu of all or any portion of the Notice Period, the Company,
at its sole election, may elect to pay to Executive the Base Salary in lieu of notice (in which case, Executive’s employment shall
terminate on the date so elected by the Company) or, if Executive resigns for any reason other than Good Reason, the Company may elect
to place Executive on “garden leave” during the Notice Period (such period, if elected, the “Garden Leave Period”).
If such Garden Leave Period is elected by the Company, then during the Garden Leave Period, Executive shall (x) remain an employee of
the Company but not be required to perform any duties for the Company or attend work and (y) be eligible for continued Base Salary and
medical and other employee benefits, but no other compensation, including no incentive compensation or continued vesting in equity incentives
or other awards during the Garden Leave Period. Following such resignation by Executive for any reason other than Good Reason, except
as set forth in this Section 5(b)(iv), Executive shall have no further to any compensation or any other benefits under this Agreement.

 

(c)       Disability
or Death.

 

(i)       During
any period that Executive is unable to perform Executive’s duties hereunder as a result of a Disability, Executive shall continue
to receive Executive’s full Base Salary set forth in Section 3(a) and Employee Benefits set forth in Section 4(a)
until Executive’ employment is terminated pursuant to Section 5(a). For purposes of this Agreement, “Disability”
shall mean any medically determinable physical or mental impairment resulting in Executive’s inability to engage in any substantial
gainful activity, where such impairment can be expected to result in death or can be expected to last for a continuous period of inability
to engage in any substantial gainful activity of not less than 12 months.

 

(ii)       Upon
termination of Executive’s employment hereunder as a result of Executive’s death or by the Company at a time when Executive
has a Disability, Executive or Executive’s estate, survivors or beneficiaries (as the case may be) shall be entitled to receive:

 

(A)       the
Accrued Rights;

 

(B)       any
Annual Bonus earned, but unpaid, as of the date of termination, paid in accordance with Section 3(b) (except to the extent payment
is otherwise deferred pursuant to any applicable deferred compensation arrangement with the Company, in which case such payment shall
be made in accordance with the terms and conditions of such deferred compensation arrangement); and

 

(C)       subject
to Executive’s continued compliance in all material respects with Section 6 and Section 7 hereof, and the execution
and non-revocation of the Release (as defined below) by Executive or Executive’s estate, survivors or beneficiaries (as the case
may be), no later than two and one-half months after the end of the applicable fiscal year, a pro-rata portion of the Annual Bonus payable
for the fiscal year in which such termination occurs, based on the achievement of the actual performance objectives and targets for such
fiscal year and a fraction, the numerator of which is the number of days during the fiscal year up to and including the date of term
of Executive’s employment and the denominator of which is the number of days in such fiscal year (the “Pro-Rated Bonus”).

 

Following
such termination of Executive’s employment hereunder as a result of Executive’s death or by the Company at a time when Executive
has a Disability, except as set forth in this Section 5(c), Executive shall have no further rights to any compensation or any
other benefits under this Agreement.

 

(d)       By
the Company Without Cause (other than by reason of death or Disability) or Resignation by Executive for Good Reason.

 

(i)       If
Executive’s employment is terminated by the Company without Cause (other than as described in Section 5(c)) or by Executive
for Good Reason, Executive shall be entitled to receive:

 

(A)       the
Accrued Rights;

 

    	 

    	 

    

(B)       any
Annual Bonus earned, but unpaid, as of the date of termination, paid in accordance with Section 3(b) (except to the extent payment
is otherwise deferred pursuant to any applicable deferred compensation arrangement with the Company, in which case such payment shall
be made in accordance with the terms and conditions of such deferred compensation arrangement); and

(C)       subject
to Executive’s continued compliance in all material respects with Section 6 and Section 7 hereof, and the execution
and non-revocation of the Release, the Company shall pay Executive (x) an amount equal to 12 months of Executive’s then current
Base Salary, payable in equal monthly installments over a 12-month period; (y) an amount equal to the Target Bonus for the year of termination
of employment, payable within 60 days following the date of termination; and (z) if Executive elects continuation of Executive’s
medical and dental coverage under COBRA, Executive’s coverage and participation under the Company Group’s medical and dental
benefit plans in which Executive was participating immediately prior to termination of employment pursuant to this Section 5(d)(i)
(“Medical and Dental Benefits”) shall continue at the same cost to Executive as the cost for the Medical and Dental
Benefits immediately prior to such termination until the earlier of (i) the 12-month anniversary of the date of termination or (ii) the
date on which Executive becomes eligible for medical and/or dental coverage from Executive’s subsequent employer (it being understood
such continuation of coverage may be made by paying Executive a series of monthly payments sufficient, after payment of federal and local
income taxes, to pay Executive’s applicable monthly COBRA premium); provided, further, that payments under (x) shall
be in addition to any Base Salary payments made in lieu of all or a portion of the Notice Period. The Executive may choose to continue
Medical and Dental Benefits under COBRA at Executive’s own expense for the balance, if any, of the period required by law.

 

Following such termination
of employment without Cause by the Company or a resignation by Executive for Good Reason, except as set forth Section 5(d)(i),
Executive shall have no further rights to any compensation or any other benefits under this Agreement.

 

(ii)       Release.
Amounts payable to Executive under Section 5(c)(ii)(B) and Section 5(c)(ii)(C) or Section 5(d)(i)(B) and Section
5(d)(i)(C) (collectively, the “Conditioned Benefits”) are subject to (i) Executive’s (or Executive’s
estate’s) execution and non-revocation of a release of claims, within 60 days following the date of termination and (ii) the expiration
of any revocation period contained in such Release. Further, to the extent that any of the Conditioned Benefits constitutes “nonqualified
deferred compensation” for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “ Code”)
or the 60 day period following the date of termination begins in one calendar year and ends in a second calendar year, any payment of
any amount or provision of any benefit otherwise scheduled to occur prior to the 60th day following the date of Executive’s termination
of employment hereunder, but for the condition on executing the Release as set forth herein, shall not be made until the first regularly
scheduled payroll following such 60th day (regardless of when the Release is delivered), after which any remaining Conditioned Benefits
shall thereafter be provided to Executive according to the applicable exhibit set forth herein.

 

(iii)       For
purposes of this Agreement, “Good Reason” shall mean any of the following (without Executive’s consent): (A)
a decrease in Executive’s Base Salary or Target Bonus, or a failure by any member
of the Company Group to pay any compensation or provide any benefits due and payable to Executive in connection with Executive’s
employment; (B) a diminution of the title, responsibilities or authority of Executive; (C) any member of the Company Group’s requiring
Executive to be based at any office or location that is inconsistent with the terms of this Agreement or other understanding with the
Company, so long as Executive’s actual work location(s) are reasonably appropriate (after reasonably taking into account Executive’s
past practice as Chief Executive Officer of Company prior to the Effective Date), given Executive’s duties and responsibilities
and the needs of the Company Group; (D) a material breach by the Company of this Agreement; or (v) the Company’s delivery to Executive
of a Notice of Non-Renewal; provided, that no event or condition described in clauses (A) – (D) above will constitute Good
Reason unless (x) Executive gives the Board written notice of such event or condition giving rise to Good Reason within 30 days after
Executive first learns of such event or condition, (y) the Company fails to cure such event or condition within 30 days after receipt
of such notice and (z) Executive resigns from employment within 30 days following the expiration of such cure period.

 

(iv)       If
Executive’s employment with the Company is terminated by the Company without Cause (other than as described in Section 5(c))
the Company shall comply with the Notice Period requirement in Section 5(a). During such Notice Period, and subject to the following
sentence, Executive shall continue to perform Executive’s duties and obligations under Section 2 hereto as reasonably requested
by the Company. In lieu of all or any portion of the Notice Period, the Company, at its sole election, may elect to pay to Executive
the Base Salary in lieu of notice (in which case, Executive’s employment shall terminate on the date so elected by the Company).

 

(e)       Expiration
of Employment Term. Except as provided in Section 5(d)(i) in the case of a resignation by Executive for Good Reason, the continuation
of Executive’s employment with the Company Group beyond the expiration of the Employment Term following the delivery of a Notice
of Non-Renewal shall be deemed an employment at-will and shall not be deemed to extend any of the provisions of this Agreement and Executive’s
employment may thereafter be terminated at will by either Executive or the Company; provided, that the provisions of Sections
5, 6, 7, and 8 of this Agreement shall survive any termination of this Agreement or Executive’s termination of
employment hereunder.

 

(f)       Notice
of Termination; Board/Committee Resignation. Any purported termination of employment by the Company or by Executive (other than due
to Executive’s death) pursuant to Section 5 of this Agreement shall be communicated by written Notice of Termination to
the other party hereto. For purposes of this Agreement, a “Notice of Termination” shall mean a notice which shall
indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances
claimed to provide a basis for termination of employment under the provision so indicated. Upon termination of Executive’s employment
for any reason, at the request of the Company, Executive agrees to resign, as of the date of such termination and to the extent applicable,
from the Board (and any committees thereof) and the board of directors or comparable governing bodies (and any committees thereof) of
any other Company Group member, except to the extent Executive is entitled to serve or appoint himself as a member of the Board (and
any committees thereof) and the board
of directors or comparable governing bodies (and any committees thereof), as the case may be, pursuant to any other written agreement
with a member of the Company Group.

    	 

    	 

    

 

6.       Non-Competition;
Non-Solicitation. Executive acknowledges and recognizes the highly competitive nature of the businesses of the Company Group and
further acknowledges and recognizes that Executive has received, and will receive, Confidential Information (as defined below) and trade
secrets of the Company Group, and accordingly agrees as follows:

 

(a)       Non-Competition.

 

(i)       During
the Employment Term and until the later of (i) the third anniversary of the Effective Date (the “Post-Closing Restricted Period”)
and (ii) the second anniversary of Executive’s termination of employment with the Company Group (such actual period of restriction
whether such period ends upon or after the expiration of the Post-Closing Restricted Period, the “Restricted Period”),
Executive will not, whether on Executive’s own behalf or on behalf of or in conjunction with any person, firm, partnership, joint
venture, association, corporation or business organization, entity or enterprise whatsoever (“Person”), directly or
indirectly solicit or assist in soliciting in competition with the Company Group the business of any then current or prospective client
or customer with whom Executive (or Executive’s direct reports) had personal contact or dealings on behalf of the Company during
the one-year period preceding Executive’s termination of employment.

 

(ii)       During
the Restricted Period, Executive will not directly or indirectly:

 

(A)       engage
in any business activities involving any Competing Business, individually or through an entity, as an employee, director, officer, owner,
investor, partner, member, consultant, contractor, agent, joint venture, or otherwise, in any geographical area where any member of the
Company Group engages in its business;

 

(B)       acquire
a financial interest in, or otherwise become actively involved with, any Competing Business, directly or indirectly, as an individual,
partner, shareholder, officer, director, principal, agent, trustee or consultant; or

 

(C)       interfere
with, or attempt to interfere with, business relationships (whether formed before, on or after the date of this Agreement) between the
members of the Company Group and any of their clients, customers, suppliers, partners, members or investors.

 

(iii)       Notwithstanding
anything to the contrary in this Agreement, (A) Executive may, directly or indirectly, own, solely as an investment, securities of any
Competing Business which are publicly traded on a national or regional stock exchange or on the over-the-counter-market if Executive
does not, directly or indirectly, own 5% or more of any class of securities of such Person; and (B) this Section 6 shall not restrict
Executive’s participation in the activities of SM24 Ltd.

 

(iv)       For
purposes of this Agreement, “Competing Business” means the business of the formulation and manufacturing of an electrolyte
powder.

 

(b)       Employee
Non-Solicitation. During the Restricted Period, Executive will not, whether on Executive’s own behalf or on behalf or in conjunction
with any Person, directly or indirectly:

 

(i)       solicit
or encourage any employee of the Company Group to leave the employment of the Company Group;

 

(ii)       hire
or solicit for employment any employee who was employed by the Company Group as of the date of Executive’s termination of employment
with the Company Group for any reason or who left the employment of the Company Group coincident with, or within one year prior to, the
date of Executive’s termination of employment with the Company Group for any reason; or

 

(iii)       encourage
any material consultant of the Company Group to cease working with the Company Group; and

 

(iv)       the
non-solicitation will not apply to Executive’s wife, Dr. Blanca Lizaola-Mayo.

 

(c)       Non-Disparagement.
During the Employment Term and following a termination of employment for any reason (i) Executive agrees not to make, or direct any other
Person to make, any Disparaging Statement (as defined below) about the Company Group, (or any of their respective officers or directors)
(it being understood that comments made in Executive’s good faith performance of Executive’s duties hereunder shall not be
deemed disparaging or defamatory for purposes of this Agreement) and (ii) the Company shall instruct the members of the Board not to
make, or direct any other Person to make, any Disparaging Statement about Executive or Executive’s spouse. In addition, following
the termination of Executive’s employment with the Company Group for any reason, the Company shall instruct the members of the
Company Group’s management team and any other individual who is authorized to make any public statement on behalf of the Company
Group not to make, or direct any other Person to make, any Disparaging Statement about Executive or Executive’s spouse. For purposes
of this Agreement, a “Disparaging Statement” shall mean any communication that is intended to defame or disparage,
or has the effect of defaming or disparaging.

 

(d)       It
is expressly understood and agreed that although Executive and the Company consider the restrictions contained in this Section 6
to be reasonable and necessary to protect the Company’s legitimate business interests and to be in consideration of Executive’s
significant rollover of equity interests into the Company and of the Company’s grant of incentive equity interests to Executive,
in each case, in connection with the Transaction, if a final judicial determination is made by a court of competent jurisdiction that
the time or territory or any other restriction contained in this Agreement is an unenforceable restriction against Executive, the provisions
of this Agreement shall not be rendered void but shall be deemed amended to apply as to maximum time and territory and to such maximum
extent as such court may judicially determine or indicate to be enforceable. Alternatively, if any court of competent jurisdiction finds
that any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended to make it enforceable, such
finding shall not affect the enforceability of any of the other restrictions contained herein.

    	 

    	 

    

 

(e)       The
period of time during which the provisions of this Section 6 shall be in effect shall be extended by the length of time during
which Executive is in breach of the terms hereof as determined by any court of competent jurisdiction on the Company’s application
for injunctive relief. The period of time during which the provisions of this Section 6 shall be in effect shall be reduced by
the Garden Leave Period (if elected).

 

(f)       The
provisions of this Section 6 shall survive the termination of Executive’s employment for any reason, including but not limited
to, any termination other than for Cause.

 

7.       Confidentiality;
Intellectual Property.

 

(a)       Confidentiality.

 

(i)       Executive
will not at any time (whether during or after Executive’s employment with the Company), (x) retain; or (y) disclose, divulge, reveal,
communicate, share, transfer or provide access to any Person outside any Company Group member (other than (A) Executive’s professional
advisers who are bound by confidentiality obligations, (B) in performance of Executive’s duties under Executive’s employment
pursuant to customary industry practice, (C) in connection with any litigation proceedings for enforcement by Executive of Executive’s
rights under this Agreement and (D) to Executive’s representatives who have a need to know such information for tax or financial
reporting reasons), any non-public, proprietary or confidential information (in any form or medium, including text, digital or electronic)
– including, without limitation, trade secrets, know-how, research and development, software, databases, inventions, processes,
formulae, technology, designs and other intellectual property, information concerning finances, investments, profits, pricing, costs,
products, services, vendors, customers, clients, partners, investors, personnel, compensation, recruiting, training, advertising, sales,
marketing, promotions, government and regulatory activities and approvals (in any form or medium, tangible or intangible) – concerning
the past, current or future business, activities and operations of an Company Group member and/or any third party that has disclosed
or provided any of same to any Company Group member on a confidential basis (“Confidential Information”) without the
prior written authorization of the Board. Executive will not at any time (whether during or after Executive’s employment with the
Company Group) use any Confidential Information for the benefit, purposes or account of Executive or any other Person, other than in
the performance of Executive’s duties under this Agreement.

 

(ii)       “Confidential
Information” shall not include any information that is (A) generally known to the industry or the public other than as a result
of Executive’s breach of this covenant; (B) made available to Executive by a third party without breach of any confidentiality
or other wrongful act of which Executive has knowledge; (C) required by law to be disclosed; provided, that with respect to subsection
(C) Executive shall (to the extent legally permissible and reasonably practicable) give prompt written notice to the Company of such
requirement, disclose no more information than is required, and reasonably cooperate with any attempts by any Company Group member to
obtain a protective order or similar treatment; or (D) permitted to be disclosed pursuant to any organizational document of the Company
Group.

 

(iii)       Except
as required by law, Executive will not disclose to anyone, other than Executive’s family (it being understood that, in this Agreement,
the term “family” refers to Executive, Executive’s spouse, spouse equivalent, children, parents, spouse’s parents
and spouse equivalent’s parents) and advisors, the existence or contents of this Agreement; provided, that Executive may
disclose to any prospective future employer the provisions of Section 6 and Section 7 of this Agreement and, may disclose the
existence or contents of this Agreement in connection with any litigation proceedings for enforcement by Executive of Executive’s
rights under this Agreement (provided, that, in connection with any such litigation or proceedings not involving the Company Group
or any of their Affiliates, Executive shall (to the extent legally permissible and reasonably practicable) disclose no more information
than is required). This Section 7(a)(iii) shall terminate if the Company publicly discloses a copy of this Agreement (or, if the
Company publicly discloses summaries or excerpts of this Agreement, to the extent so disclosed).

 

(iv)       Upon
termination of Executive’s employment with the Company for any reason, Executive shall, upon the Company’s request, promptly
destroy, delete, or return to the Company, at the Company’s option, all originals and copies in any form or medium (including memoranda,
books, papers, plans, computer files, letters and other data) in Executive’s possession or control (including any of the foregoing
stored or located in Executive’s office, home, laptop or other computer, whether or not Company property) that contain Confidential
Information, except that Executive may retain only those portions of any personal notes, notebooks and diaries that do not contain any
Confidential Information and nothing herein shall require Executive to destroy any computer records or files containing Confidential
Information which Executive required to maintain pursuant to applicable law or in connection with any litigation proceedings for enforcement
by Executive of Executive’s rights under this Agreement; provided, that the provisions of this Agreement will continue to
apply to such Confidential Information.

 

(v)       Nothing
in this Agreement shall prohibit or impede Executive from communicating, cooperating or filing a complaint with the U.S. federal, state
or local governmental or law enforcement branch, agency or entity (or similar bodies of relevant foreign jurisdictions) (collectively,
a “Governmental Entity”) with respect to possible violations of any applicable law or regulation, or from otherwise
making disclosures to any Governmental Entity that are protected under the whistleblower provisions of any such law or regulation; provided,
that in each case such communications and disclosures are consistent with applicable law, and nothing shall preclude Executive’s
right to receive an award from a Governmental Entity for information provided under any whistleblower program. Executive does not need
the prior authorization of (or to give notice to) the Company regarding any such communication or disclosure.

 

(vi)       Pursuant
to the Defend Trade Secrets Act of 2016, the Company and Executive hereby confirm, understand and acknowledges that Executive shall not
be held criminally or civilly liable under any applicable federal or state trade secret law for the disclosure of a trade secret that
is made (A) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney, in each
case solely for the purpose of reporting or investigating a suspected violation of law, or (B) in a complaint or other document filed
in a lawsuit or other proceeding, if such filing is made under seal. The Company and
Executive hereby confirm, understand and acknowledge further that if Executive files a lawsuit for retaliation by an employee or for
reporting a suspected violation of law, Executive may disclose the trade secret to Executive’s attorney and use the trade secret
information in the court proceeding, if Executive (x) files any document containing the trade secret under seal and (y) does not disclose
the trade secret, except pursuant to court order. Moreover, Executive does not need the prior authorization of (or to give notice to)
the Company regarding any such communication or disclosure. Except as required by applicable law, under no circumstance will Executive
be authorized to disclose any information covered by attorney-client privilege or attorney work product of the Company, without prior
written consent of the Company’s General Counsel or other officer designated by the Company.

    	 

    	 

    

 

(b)
Intellectual Property.

 

(i)
If Executive creates, invents, designs, develops, contributes to or improves any works of authorship, inventions, concepts, intellectual
property, materials, trademarks or similar rights, documents or other work product (including without limitation, research, reports,
software, algorithms, techniques, databases, systems, applications, presentations, textual works, content, improvements, or audiovisual
materials), whether or not patentable or registrable under patent, trademark, copyright or similar laws (“Works”),
either alone or with third parties, at any time during Executive’s employment by the Company Group members and within the scope
of such employment (it being understood that, for the avoidance of doubt, the activities set forth on EXHIBIT II shall not be considered
within the scope of such employment for the purposes of this Section 7) and/or with the use of any resources of any Company Group
member or their respective Affiliates, which Works shall be “Company Group Works” (it being understood that, notwithstanding
anything herein to the contrary, in no event shall Executive’s name, likeness, image or any other rights of publicity be considered
Company Group Works). Executive agrees that all such Company Group Works shall, as between the parties hereto, be the sole and exclusive
property and intellectual property of the Company. Notwithstanding the foregoing, Executive hereby irrevocably assigns, transfers and
conveys (and agrees to so assign, transfer and convey), to the maximum extent permitted by applicable law, all of Executive’s right,
title, and interest therein (including rights under patent, industrial property, copyright, trademark, trade secret, unfair competition,
other intellectual property laws, and related laws) to the Company Group members to the extent ownership of any such rights does not
vest originally in such Company Group members whether as a “work made for hire” or by virtue of the prior sentence. If Executive
creates any written records (in the form of notes, sketches, drawings, or any other tangible form or media) of any Company Group Works,
such records will remain, as between the parties hereto, the sole property and intellectual property of the Company Group at all times.
For clarity, any activities using Executive’s name, likeness, image or any other rights of publicity, to the extent such activities
(A)(x) would not otherwise be prohibited by Section 6(a) of the Agreement and (y) are outside of the ordinary course of business
of the Company Group, as such business exists now or at any time in the future or (B) are otherwise approved by the Board (which approval
shall not be unreasonably withheld, conditioned or delayed) shall not be considered within the scope of Executive’s employment
for the purposes of this Section 7.

 

(ii)
Executive shall take all reasonably requested actions and execute all reasonably requested documents (including any licenses or
assignments required by a government contract) at the expense of any Company Group member (but without further remuneration) to
assist the applicable Company Group
member or its affiliates in validating, maintaining, protecting, enforcing, perfecting, recording, patenting or registering any of the
Company Group members’ rights in the Company Group Works. Executive hereby designates and appoints the Company and its designees
as Executive’s agent and attorney-in-fact, to act for and in Executive’s behalf and stead solely to the extent necessary
to execute and file such documents and solely to the extent Executive is unable or unwilling to do so. This power of attorney is coupled
with an interest and is irrevocable. Executive shall not knowingly take any actions inconsistent with the Company’s ownership rights
set forth in this Section 7, including by filing to register any Company Group Works in Executive’s own name.

 

(iii)
Executive shall not improperly use for the benefit of, bring to any premises of, divulge, disclose, communicate, reveal, transfer or
provide access to, or share with any Company Group member or their respective Affiliates any confidential, proprietary or non-public
information or intellectual property relating to a former employer or other third party without the prior written permission of such
third party. Executive shall comply with all relevant policies and guidelines of the Company Group that are from time to time previously
disclosed to Executive, including regarding the protection of Confidential Information and intellectual property and potential conflicts
of interest.

 

(iv)
Executive has listed on the attached Exhibit II, Works that are owned by Executive, in whole or jointly with others prior to Executive’s
employment with the Company (such Works, together with any other Works owned by Executive in whole or jointly with others prior to Executive’s
employment with the Company Group, collectively, “Prior Works”). Executive shall not use any Prior Work in connection
with Executive’s employment with the Company Group without prior written consent of the Company. If, in connection with Executive’s
employment with the Company, Executive incorporates into any Company product, service or process any Prior Work (or any portion of a
Prior Work), in any manner whatsoever, Executive grants the Company a non-exclusive, perpetual (or the maximum time period allowed by
applicable law), sub-licensable, assignable, royalty-free right and worldwide license to use, modify, reproduce, reduce to practice,
market, distribute, communicate and/or sell such Prior Work or portion of such Prior Work solely to the extent necessary for the Company
to exploit such Company product, service or process. The Company, on behalf of itself and the other members of the Company Group, agrees
that any and all Prior Works shall, as between the parties hereto, be and remain the sole and exclusive property and intellectual property
of Executive. For the avoidance of doubt, notwithstanding anything herein to the contrary, in no event shall any Prior Works (or any
portion thereof) be considered “Confidential Information” under this Agreement.

 

(c)
The provisions of Section 7 hereof shall survive the termination of Executive’s employment for any reason (except as otherwise
set forth in Section 7(a)(iii) hereof).

 

8.
Specific Performance. Executive acknowledges and agrees that the remedies of the Company Group at law for a breach or threatened
breach of any of the provisions of Section 6 and Section 7 of this Agreement would be inadequate and the Company Group
would suffer irreparable damages as a result of such breach or threatened breach. In recognition of this fact, Executive agrees that,
in the event of such a material breach, in addition to any remedies at law, any member of the Company Group, without posting any bond,
shall be entitled, in addition to any other remedy available at law or equity, to cease making any payments or providing any benefit
otherwise required by this Agreement, and may be entitled to obtain equitable relief
in the form of specific performance, temporary restraining order, temporary or permanent injunction or any other equitable remedy which
may then be available. Any determination as to whether Executive is in compliance with Section 6 and Section 7 hereof shall
be determined without regard to whether the Company Group could obtain an injunction or other equitable relief under the law of any particular
jurisdiction.

    	 

    	 

    

 

9.
Miscellaneous.

 

(a)
Indemnification; Directors’ and Officers’ Insurance. The Company shall indemnify and hold Executive harmless from
and against any and all liabilities, obligations, losses, damages, fines, taxes and interest and penalties thereon (other than taxes
based on fees or other compensation received by Executive from the Company), claims, demands, actions, suits, proceedings (whether civil,
criminal, administrative, investigative or otherwise), costs, expenses and disbursements (including reasonable and documented legal and
accounting fees and expenses, costs of investigation and sums paid in settlement) of any kind or nature whatsoever (collectively, “Claims
and Expenses”), which may be imposed on, incurred by or asserted at any time against Executive that arises out of or relates
to Executive’s service as an officer, director or employee, as the case may be, of any Company Group member, or Executive’s
service in any such capacity or similar capacity with an affiliate of the Company Group or other entity at the request of the Company
Group; provided, that Executive shall not be entitled to indemnification hereunder against any Claims or Expenses that are finally determined
by a court of competent jurisdiction to have resulted from any act or omission that (i) is a criminal act by Executive or (ii) constitutes
fraud or willful misconduct by Executive. The Company shall pay the expenses (including reasonable legal fees and expenses and costs
of investigation) incurred by Executive in defending any such claim, demand, action, suit or proceeding as such expenses are incurred
by Executive and in advance of the final disposition of such matter; provided, that Executive undertakes to repay such expenses if it
is determined by agreement between Executive and the Company or, in the absence of such an agreement, by a final judgment of a court
of competent jurisdiction that Executive is not entitled to be indemnified by the Company Group. The Company (or other Company Group
member) will maintain directors’ and officers’ insurance providing coverage in such scope and subject to such limits as the
Company determines, in its discretion, is appropriate.

 

(b)
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Arizona, without
regard to conflicts of laws principles thereof that would direct the application of the law of any other jurisdiction.

 

(c)
Jurisdiction; Venue. Each of the parties hereto irrevocably submits to the exclusive jurisdiction of any federal or state court
sitting in the State of Arizona over any suit, action or proceeding arising out of or relating to this Agreement and each of the parties
agrees that any action relating in any way to this Agreement must be commenced only in the federal or state courts of Arizona. Each of
the parties hereto hereby irrevocably waives, to the fullest extent permitted or not prohibited by law, any objection which it may now
or hereafter have to the laying of the venue of any such suit, action or proceeding brought in such a court and any claim that any such
suit, action or proceeding brought in such a court has been brought in an inconvenient forum. Each of the parties hereto hereby irrevocably
consents to the service of process in any suit, action or proceeding by sending the same by certified mail, return receipt requested, or
by recognized overnight courier service, to the address of such party set forth in Section 9(j).

 

(d)
Entire Agreement; Amendments. This Agreement (including, without limitation, the exhibits attached hereto) contains the entire
understanding of the parties with respect to the employment of Executive by any member of the Company Group, and supersedes all prior
agreements and understandings between Executive and any member of the Company Group regarding the terms and conditions of Executive’s
employment with the Company Group, with the exception of any applicable prior invention assignment or the protections that exist under
the terms of any applicable long term incentive plan (or any earned compensation, including under any retirement or deferred compensation
plans), the Company’s 2013 Incentive Stock Plan and any other equity, option or warrant plan entered into between the Company and
Executive. In addition, if the Company Group is a party to one or more agreements with Executive related to the matters subject to Section
6 or Section 7, such other agreement(s) shall remain in full force and effect and continue in addition to this Agreement,
including, without limitation, any covenants pertaining to confidentiality, nondisclosure, non-competition, non-solicitation and non-disparagement
applicable to Executive. There are no restrictions, agreements, promises, warranties, covenants or undertakings between the parties with
respect to the subject matter herein other than those expressly set forth herein. This Agreement (including, without limitation, the
exhibits attached hereto) may not be altered, modified, or amended except by written instrument signed by the parties hereto.

 

(e)
No Waiver. The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered
a waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any
other term of this Agreement.

 

(f)
Set Off; No Mitigation. The Company’s obligation to pay Executive the amounts provided hereunder pursuant to Sections
5(c)(ii)(B), 5(c)(ii)(C), 5(d)(i)(B) and 5(d)(i)(C), as applicable, following the Employment Term shall be subject
to set-off for amounts owed by Executive to any Company Group member (other than any amount owed by Executive to any Company Group member
pursuant to the Loan Agreement). Executive shall not be required to mitigate the amount of any payment provided for pursuant to this
Agreement by seeking other employment, and such payments shall not be reduced by any compensation or benefits received from any subsequent
employer (except as provided for in Section 5(d)(i)(C)), self-employment or other endeavor.

 

(g)
Severability. In the event that any one or more of the provisions of this Agreement shall be or become invalid, illegal or unenforceable
in any respect, the validity, legality and enforceability of the remaining provisions of this Agreement shall not be affected thereby.

 

(h)
Assignment. This Agreement and all of Executive’s rights and duties hereunder, shall not be assignable or delegable by Executive.
Any purported assignment or delegation by Executive in violation of the foregoing shall be null and void ab initio and of no force and
effect. This Agreement shall automatically be assigned by the Company to a person or entity which is a successor in interest (“Successor”)
to all or substantially all of the then-business operations of the Company; provided, that such Successor undertakes
to be bound by the terms hereunder. Upon such assignment, the rights and obligations of the Company hereunder shall become the rights
and obligations of such Successor.

    	 

    	 

    

 

(i)
Compliance with Code Section 409A.

 

(i)
The intent of the parties is that payments and benefits under this Agreement comply with or be exempt from Code Section 409A and, accordingly,
to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. If any provision of this Agreement
(or of any award of compensation, including equity compensation or benefits) would cause Executive to incur any additional tax or interest
under Code Section 409A, the Company shall, after consulting with and receiving the approval of Executive, reform such provision in a
manner intended to avoid the incurrence by Executive of any such additional tax or interest.

 

(ii)
A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment
of any amounts or benefits that are considered nonqualified deferred compensation under Code Section 409A upon or following a termination
of employment unless such termination is also a “separation from service” within the meaning of Code Section 409A, and, for
purposes of any such provision of this Agreement, references to a “termination,” “termination of employment”
or like terms shall mean “separation from service.” The determination of whether and when a separation from service has occurred
for proposes of this Agreement shall be made in accordance with the presumptions set forth in Section 1.409A-1(h) of the Treasury Regulations.

 

(iii)
Any provision of this Agreement to the contrary notwithstanding, if at the time of Executive’s separation from service, the Company
determines that Executive is a “specified employee,” within the meaning of Code Section 409A, then to the extent any payment
or benefit that Executive becomes entitled to under this Agreement on account of such separation from service would be considered nonqualified
deferred compensation under Code Section 409A, such payment or benefit shall be paid or provided at the date which is the earlier of
(x) six months and one day after such separation from service and (y) the date of Executive’s death (the “Delay Period”).
Upon the expiration of the Delay Period, all payments and benefits delayed pursuant to this Section 9(i) (whether they would have
otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or provided to Executive in a lump-sum,
and any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates
specified for them herein.

 

(iv)
Any reimbursements and in-kind benefits provided under this Agreement that constitute deferred compensation within the meaning of Code
Section 409A shall be made or provided in accordance with the requirements of Code Section 409A, including that (A) in no event shall
any fees, expenses or other amounts eligible to be reimbursed by the Company under this Agreement be paid later than the last day of
the calendar year next following the calendar year in which the applicable fees, expenses or other amounts were incurred; (B) the amount
of expenses eligible for reimbursement, or in-kind benefits that the Company is obligated to pay or provide, in any given calendar year
shall not affect the expenses that the Company is obligated to reimburse, or the in-kind benefits that the Company is obligated to pay
or provide, in any other calendar year, provided that the foregoing clause (B) shall not be violated with regard to expenses reimbursed
under any arrangement covered by Code Section 105(b) solely because such expenses are subject to a limit related to the period the arrangement
is in effect; and (C) Executive’s right to have the Company pay or provide such reimbursements and in-kind benefits may not be
liquidated or exchanged for any other benefit.

 

(v)
For purposes of Code Section 409A, Executive’s right to receive any installment payments shall be treated as a right to receive
a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number
of days (for example, “payment shall be made within 30 days following the date of termination”), the actual date of payment
within the specified period shall be within the sole discretion of the Company. In no event may Executive, directly or indirectly, designate
the calendar year of any payment to be made under this Agreement, to the extent such payment is subject to Code Section 409A.

 

(j)
Notice. For the purpose of this Agreement, notices and all other communications provided for in the Agreement shall be in writing
and shall be deemed to have been duly given when delivered by hand or overnight courier or three days after it has been mailed by United
States registered mail, return receipt requested, postage prepaid, addressed to the respective addresses set forth below in this Agreement,
or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change
of address shall be effective only upon receipt.

 

If
to the Company:

 

SOS
Hydration, Inc.

1265
Bramwood Pl., Unit #6

Longmont,
CO 80501

Attention:
Leighton Smith

 

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

 

Rowland
W. Day II

465
Echo Bay Trail

Bigfork,
MT 59911

 

If
to Executive:

 

To
the most recent address of Executive set forth in the personnel records of the Company.

 

(k)
Executive Representation. Executive hereby represents to the Company that the execution and delivery of this Agreement by Executive
and the Company and the performance by Executive of Executive’s duties hereunder shall not constitute a breach of the terms of
any employment agreement or other agreement or written policy to which Executive is a party or otherwise bound. Executive hereby further
represents that Executive is not subject to any agreement with a previous employer that is unaffiliated
with the Company Group that contains any restrictions on Executive’s ability to solicit, hire or engage any employee or other service
provider of such previous, unaffiliated employer that would restrict the ability of Executive to perform Executive’s duties hereunder.
Executive agrees that the Company is relying on the foregoing representations in entering into this Agreement and related equity-based
award agreements.

    	 

    	 

    

 

(l)
Cooperation. Executive shall provide reasonable cooperation in connection with any pending claim, litigation, regulatory or administrative
proceeding involving any Company Group member (or any appeal from any action or proceeding) arising out of or related to the period when
Executive was employed by any Company Group member. In the event that Executive’s cooperation is requested after the termination
of Executive’s employment, the applicable Company Group member shall (i) use its reasonable efforts to minimize interruptions to
Executive’s personal and professional schedule and (ii) pay Executive an agreeable amount for Executive’s time and (iii)
reimburse Executive for all reasonable out-of-pocket expenses actually incurred by Executive in connection with such cooperation upon
reasonable substantiation of such expenses.

 

(m)
Withholding Taxes. The Company may withhold from any amounts payable under this Agreement such federal, state and local taxes
as may be required to be withheld pursuant to any applicable law or regulation. Any amounts so withheld shall be properly paid over to
the appropriate government authority.

 

(n)
Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument.

 

IN
WITNESS WHEREOF, the parties herein have duly executed this Agreement as of the day and year first above written.

 

 

SOS
HYDRATION, INC.

 

By:/s/
Leighton Smith

Name:
Leighton Smith

Title:
Chief Financial Officer

 

 

EXECUTIVE

 

/s/James Mayo

James
Mayo

    	 

    	 

    

 

EXHIBIT
I

 

 

	 	•	 	Company
    Car. Executive shall be entitled to a Company vehicle.  The purchase of the vehicle and all operating expenses shall
    be paid by the Company. 

 

 

	 	•	 	Security
    Benefits. During the Employment Term, Executive shall be entitled to full-time security benefits (i) with respect to any
    Company Group office (including while Executive is providing services from, and physically located at, such office) or (ii) when
    Executive is traveling under circumstances that pose a risk to Executive, as reasonably determined by Executive. 
	 	 	 	 
	 	•	 	Private
    Office Expense.  During the Employment Term, Executive shall be reimbursed for a private office at home or such other
    location which amount shall not exceed $500 per month.

 

 

    	 

    	 

    

 

EXHIBIT
II

 

Executive may
engage in the following activities:

 

	 	•	 	Serve
    as Founder, Chief Executive Officer and Director of SM24 Ltd.;

 

	 	•	 	with
    the approval of the Board (which approval shall not be unreasonably withheld, conditioned or delayed), serve on the board of directors
    (or equivalent governing bodies) of other for-profit enterprises; and 

 

	 	•	 	engage
    in an unlimited number of (A) public speaking engagements, (B) publishing opportunities and/or (C) professional events
    or conferences, in each case, subject to the approval of the Board (which approval shall not be unreasonably withheld, conditioned
    or delayed) to the extent that such speaking engagements, publishing opportunities and events or conferences are outside of the ordinary
    course of business of the Company Group. 

Executive shall
be entitled to retain all fees or other payments earned in connection with the activities set forth on this Exhibit I.

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