Document:

EMPLOYMENT SERVICES AGREEMENT

 

This Employment Services Agreement (the “Agreement”)
is entered into as of the 17th day of January, 2012, by and between DYNASTAR HOLDINGS, INC., a Nevada corporation, with
a business address of 1311 Herr Lane, Suite 205, Louisville, KY 40222 (the “Company”), and Robert Mohr,
an individual residing at 2641 Whittier Avenue, Louisville, KY 40205 “Executive”). 

 

INTRODUCTION

 

WHEREAS, the Company desires
to employ the Executive under the title and capacity set forth on Schedule A hereto and the Executive desires to be employed
by the Company in such capacity, subject to the terms of this Agreement;

 

AGREEMENT

 

NOW, THEREFORE, in consideration
of the premises and mutual promises herein below set forth, the parties hereby agree as follows:

 

1.            Employment Period.
The term of the Executive’s employment by the Company pursuant to this Agreement (the “Employment Period”)
shall commence upon the date hereof (the “Effective Date”) and shall continue for that period of calendar months
from the Effective Date set forth on Schedule A hereto. Thereafter, the Employment Period shall automatically renew for
successive periods of one (1) year each, unless either party shall have given to the other at least thirty (30) days’ prior
written notice of their intention not to renew the Executive’s employment prior to the end of the Employment Period or the
then applicable renewal term, as the case may be. In any event, the Employment Period may be terminated as provided herein.

 

2.            Employment; Duties.

 

(a)         General.         Subject
to the terms and conditions set forth herein, the Company shall employ the Executive to act for the Company during the Employment
Period in the capacity set forth on Schedule A hereto, and the Executive hereby accepts such employment. The duties and
responsibilities of the Executive shall include such duties and responsibilities appropriate to such office as the Company’s
Board of Directors (the “Board”) may from time to time reasonably assign to the Executive, as initially specified
on Schedule A attached hereto, with such authority and responsibilities, including Company-wide executive, administrative
and finance functions as are normally associated with and appropriate for such position.

 

(b)         Executive recognizes
that during the period of Executive's employment hereunder, Executive owes an undivided duty of loyalty to the Company, and Executive
will use Executive's good faith efforts to promote and develop the business of the Company and its subsidiaries (the Company’s
subsidiaries from time to time, together with any other affiliates of the Company, the “Affiliates”). Executive
shall devote all of Executive’s business time, attention and skills to the performance of Executive’s services as an
executive of the Company. Recognizing and acknowledging that it is essential for the protection and enhancement of the name and
business of the Company and the goodwill pertaining thereto, Executive shall perform the Executive’s duties under this Agreement
professionally, in accordance with the applicable laws, rules and regulations and such standards, policies and procedures established
by the Company and the industry from time to time.

 

    	 

    	 

    

 

(c)         However,
the parties agree that: (i) Executive may devote a reasonable amount of his time to civic, community, or charitable activities
and may serve as a director of other corporations (provided that any such other corporation is not a competitor of the Company,
as determined by the Board) and to other types of business or public activities not expressly mentioned in this paragraph and
(ii) Executive may participate as a non-employee director and/or investor in other companies and projects as described by Executive
to the Board, so long as Executive’s responsibilities with respect thereto do not conflict or interfere with the faithful
performance of his duties to the Company.

 

(d)         Place of Employment.   The Executive’s services shall be performed at the Company’s offices located in Louisville, Kentucky, any other locus
where the Company now or hereafter has a business facility and at any other location where Executive’s presence is necessary
to perform his duties. The parties acknowledge, however, that the Executive may be required to travel in connection with the performance
of her duties hereunder.

 

3.            Base
Salary. The Executive shall be entitled to receive a salary from the Company during the Employment Period at a rate per year
indicated on Schedule A hereto (the “Base Salary”). Once the Board has established the Base Salary,
such Base Salary may be increased on each anniversary of the Effective Date, at the Board’s sole discretion. The parties
expressly agree that what the Executive receives now or in the future, in addition to the regular Base Salary, whether this be
in the form of benefits or regular or occasional aid/assistance, such as recreation, club memberships, meals, education for his
family, vehicle, lodging or clothing, occasional bonuses or anything else he receives, during the Employment Period and any renewals
thereof, in cash or in kind, shall not be deemed as salary. However, because the Company is a public company subject to the reporting
requirements of, inter alia, the US Securities and Exchange Commission (the “SEC”), both parties acknowledge that
the Executive’s annual compensation (as determined by the rules of the SEC or any other regulatory body or exchange having
jurisdiction), which may include some or all of the foregoing, may be required to be publicly disclosed.

 

4.            Bonus. (a)
The Company may pay the Executive an annual bonus (the “Annual Bonus”), at such time and in such amount as may
be determined by the Board in its sole discretion. The Board may or may not determine that all or any portion of the Annual Bonus
shall be earned upon the achievement of operational, financial or other milestones (“Milestones”) established
by the Board in consultation with the Executive and that all or any portion of any Annual Bonus shall be paid in cash, securities
or other property.

 

(b)
The Executive shall be eligible to participate in any other bonus or incentive program established by the Company for executives
of the Company.            

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5.            Other
Benefits

 

(a)        Stock Option Grant.The
Executive shall be entitled to receive those stock options under the Company’s 2011 Equity Incentive Plan as specified in
Schedule A hereto. Any additional option grants to the Executive shall be at the option of the Board.

 

(b)        Insurance and Other
Benefits. During the Employment Period, the Executive and the Executive’s dependents shall be entitled to participate
in the Company’s insurance programs and any ERISA benefit plans, as the same may be adopted and/or amended from time to time
(the “Benefits”). The Executive shall be entitled to paid personal days on a basis consistent with the Company’s
other senior executives, as determined by the Board. The Executive shall be bound by all of the policies and procedures established
by the Company from time to time. However, in case any of those policies conflict with the terms of this Agreement, the terms of
this Agreement shall control.

 

(c)        Vacation. During
the Employment Period, the Executive shall be entitled to an annual vacation of at least that number of working days set forth
on Schedule A hereto.

 

(d)        Expense Reimbursement.
The Company shall reimburse the Executive for all reasonable business, promotional, travel and entertainment expenses incurred
or paid by the Executive during the Employment Period in the performance of Executive’s services under this
Agreement, provided that the Executive furnishes to the Company appropriate documentation required by the Internal Revenue Code
in a timely fashion in connection with such expenses and shall furnish such other documentation and accounting as the Company
may from time to time reasonably request.

 

6.            Termination; Compensation
Due. The Executive's employment hereunder may terminate, and the Executive’s right to compensation for periods
after the date the Executive’s employment with the Company terminates shall be determined, in accordance with the
provisions of paragraphs (a) through (e) below:

 

(a)         Voluntary Resignation;
Termination without Cause.

 

(i) Voluntary
Resignation.The Executive may terminate his employment at any time upon thirty (30) days prior written notice to the
Company. In the event of the Executive’s voluntary termination of his employment other than for Good Reason (as
defined below), the Company shall have no obligation to make payments to the Executive in accordance with the provisions of
Sections 3 or 4 above, except as otherwise required by this Agreement or by applicable law, or to provide the benefits
described in Section 5 above, for periods after the date on which the Executive's employment with the Company terminates due
to the Executive 's voluntary termination, except for the payment of the Base Salary accrued through the date of such
resignation.

 

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(ii)
Termination without Cause. The Company may terminate the Executive’s employment
with the Company at any time with or without cause, by delivery to the Executive of a written notice of termination from the Chief
Executive Officer of the Company.

 

(A)    If
the Executive’s employment is terminated by the Company without Cause, the Company shall (x) continue to pay the Executive
the Base Salary (at the rate in effect on the date the Executive’s employment is terminated) until
the end of the Severance Period (as defined in Section 6(e) below), (y) with respect to the Annual Bonus, to the extent the Milestones
are achieved, pay the Executive a pro rata portion of the Annual Bonus for the year of the Employment
Period on the date such Annual Bonus would have been payable to the Executive had the Executive
remained employed by the Company, and (z) pay any other accrued compensation and Benefits. The Executive shall
not have any further rights under this Agreement or otherwise to receive any other compensation or benefits after such termination
of employment. 

 

(B)    If,
following a termination of employment without Cause, the Executive breaches the provisions of Sections 7, 8 or 9 hereof,
the Executive shall not be eligible, as of the date of such breach, for the payments and benefits described in Section 6
(a)(ii), and any and all obligations and agreements of the Company with respect to such payments shall thereupon cease.

 

(b)          Discharge for Cause.
Upon written notice to the Executive, the Company may terminate the Executive’s employment for “Cause” if any
of the following events shall occur:

 

(i)            any
act or omission that constitutes a material breach by the Executive of any of his obligations under this Agreement;

 

(ii)           the
willful and continued failure or refusal of the Executive to satisfactorily perform the duties reasonably required of him as an
employee of the Company;

 

(iii)          the
Executive’s conviction of, or plea of nolo contendere to, (i) any felony or (ii) a crime involving dishonesty
or moral turpitude or which could reflect negatively upon the Company or otherwise impair or impede its operations;

 

(iv)      the
Executive’s engaging in any misconduct, negligence, act of dishonesty (including, without limitation, theft or embezzlement),
violence, threat of violence or any activity that could result in any violation of federal securities laws, in each case, that
is injurious to the Company or any of its Affiliates;

 

(v)           the
Executive’s material breach of a written policy of the Company or the rules of any governmental or regulatory body applicable
to the Company;

 

(vi)          the
Executive’s refusal to follow the directions of the Board;

  

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(vii)          any
other willful misconduct by the Executive which is materially injurious to the financial condition or business reputation of the
Company or any of its Affiliates, or

 

(viii)     
the Executive’s breach of his obligations under Section 7, 8 or 9 of this Agreement.

 

In the event the
Executive is terminated for Cause, the Company shall have no obligation to make payments to the Executive in accordance with
the provisions of Sections 3 or 4 above, or, except as otherwise required by law, to provide the benefits described in
Section 5 above, for periods after the Executive's employment with the Company is terminated on account of the Executive's
discharge for Cause except for the then applicable Base Salary accrued through the date of such termination.

 

(c)           Disability.
The Company shall have the right, but shall not be obligated to terminate the Executive's employment hereunder in the event
the Executive becomes disabled such that he is unable to discharge his duties to the Company for a period of ninety
(90) consecutive days or one hundred twenty (120) days in any one hundred eighty (180) consecutive day period, provided longer
periods are not required under applicable local labor regulations (a "Permanent Disability"). In the event of
a termination of employment due to a Permanent Disability, the Company shall be obligated to continue to make payments to the Executive
in an amount equal to the then applicable Base Salary for the Severance Period (as defined below) after the Executive’s
employment with the Company is terminated due to a Permanent Disability. A determination of a Permanent Disability shall be made
by a physician satisfactory to both the Executive and the Company; provided, however, that if the Executive and the
Company do not agree on a physician, the Executive and the Company shall each select a physician and those two physicians together
shall select a third physician, whose determination as to a Permanent Disability shall be binding on all parties.

 

(d)            Death. The
Executive's employment hereunder shall terminate upon the death of the Executive. The Company shall have no obligation to
make payments to the Executive in accordance with the provisions of Sections 3 or 4 above, or, except as otherwise
required by law or the terms of any applicable benefit plan, to provide the benefits described in Section 5 above, for
periods after the date of the Executive's death except for then applicable Base Salary earned and accrued through the date of
death, payable to the Executive or his successor.

 

(e)             Termination for
Good Reason. The Executive may terminate this Agreement at any time for Good Reason. In
the event of termination under this Section 6(e), the Company shall pay to the Executive severance
in an amount equal to the then applicable Base Salary for a period equal to the number of months set forth on Schedule A hereto
(the “Severance Period”), subject to the Executive’s continued compliance
with Sections 7, 8 and 9 of this Agreement for the applicable Severance Period following the Executive’s termination, and
subject to the Company’s regular payroll practices and required withholdings. Such severance shall be reduced by any cash
remuneration paid to the Executive because of the Executive’s employment or self-employment during the Severance Period.
The Executive shall continue to receive all Benefits during the Severance Period. The Executive shall
not have any further rights under this Agreement or otherwise to receive any other compensation or benefits after such resignation.
For the purposes of this Agreement, “Good Reason” shall mean any of the following (without Executive’s
express written consent):

 

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(i) the assignment
to the Executive of duties that are significantly different from, and that result in a substantial diminution of, the duties that
he assumed on the Effective Date;

 

(ii) removal of
the Executive from his position as indicated on Schedule A hereto, or the assignment to the Executive of duties that
are significantly different from, and that result in a substantial diminution of, the duties that he assumed under this Agreement,
within twelve (12) months after a Change of Control (as defined below);

 

(iii) a reduction
by the Company in the then applicable Base Salary or other compensation, unless said reduction is pari passu with other senior
executives of the Company;

  

(iv) the taking of any action by the Company that would, directly or indirectly, materially reduce the Executive’s
benefits, unless said reductions are pari passu with other senior executives of the Company; or

  

(v) a breach
by the Company of any material term of this Agreement that is not cured by the Company within 30 days following receipt by the
Company of written notice thereof.

 

For purposes of this Agreement,
“Change of Control” shall mean the occurrence of any one or more of the following: (i) the accumulation, whether directly,
indirectly, beneficially or of record, by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of 50% or more of the shares of the outstanding
equity securities of the Company, (ii) a merger or consolidation of the Company in which the Company does not survive as an
independent company or upon the consummation of which the holders of the Company’s outstanding equity securities prior to
such merger or consolidation own less than 50% of the outstanding equity securities of the Company after such merger or consolidation,
or (iii) a sale of all or substantially all of the assets of the Company; provided, however, that the following acquisitions
shall not constitute a Change of Control for the purposes of this Agreement: (A) any acquisitions of common stock or securities
convertible into common stock directly from the Company, or (B) any acquisition of common stock or securities convertible into
common stock by any employee benefit plan (or related trust) sponsored by or maintained by the Company.

 

(f)    Notice
of Termination.    Any termination of employment by the Company or the Executive shall be
communicated by a written ‘‘Notice of Termination’’ to the other party hereto given in accordance
with Section 15 of this Agreement. In the event of a termination by the Company for Cause, the Notice of Termination
shall (i) indicate the specific termination provision in this Agreement relied upon, (ii) set forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the
provision so indicated and (iii) specify the date of termination, which date shall be the date of such notice. The
failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance which contributes
to a showing of Cause shall not waive any right of the Executive or the Company, respectively, hereunder or preclude the
Executive or the Company, respectively, from asserting such fact or circumstance in enforcing the Executive’s or the
Company’s rights hereunder.

 

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(g)    Resignation
from Directorships and Officerships.    The termination of the Executive’s employment for any reason
will constitute the Executive’s resignation from (i) any director, officer or employee position the Executive has with
the Company or any of its Affiliates, and (ii) all fiduciary positions (including as a trustee) the Executive holds with respect
to any employee benefit plans or trusts established by the Company. The Executive agrees that this Agreement shall serve as written
notice of resignation in this circumstance, unless otherwise required by any plan or applicable law.

 

7.            Non-Competition;
Non-Solicitation.

 

(a)          For the duration of
the Employment Period and, unless the Company terminates the Executive’s employment without Cause, during the Severance Period
(the “Non-compete Period”), the Executive shall not, directly or indirectly, except as specifically provided
in the last sentence of Section 2(b), engage or invest in, own, manage, operate, finance, control or participate in the ownership,
management, operation, financing, or control of, be employed by, associated with, or in any manner connected with, lend any credit
to, or render services or advice to, any business, firm, corporation, partnership, association, joint venture or other entity that
engages or conducts any business the same as or substantially similar to the Business or any other business engaged in or proposed
to be engaged in or conducted by the Company and/or any of its Affiliates during the Employment Period, or then included in the
future strategic plan of the Company and/or any of its Affiliates, anywhere within the states in which the Company or any of its
Affiliates at that time is operating; provided, however, that the Executive may
own less than 5% in the aggregate of the outstanding shares of any class of securities of any
enterprise (but without otherwise participating in the activities of such enterprise) including those engaged in the mining business,
other than any such enterprise with which the Company competes or is currently engaged in a joint venture, if such securities are
listed on any national or regional securities exchange or have been registered under Section 12(b) or (g) of the Exchange Act.
Notwithstanding the foregoing, if the Executive shall present to the Board any opportunity within the scope of the prohibited activities
described above, and the Company shall not elect to pursue such opportunity within a reasonable time, then the Executive shall
be permitted to pursue such opportunity, subject to the requirements of Section 2(b).

 

(b)          During the Employment
Period and for a period of twelve (12) months following termination of the Executive’s employment with the Company, the Executive
shall not:

 

(i) persuade, solicit
or hire, or attempt to recruit, persuade, solicit or hire, any employee, or independent contractor of, or consultant to, the Company,
or its Affiliates, to leave the employment (or independent contractor relationship) thereof, whether or not any such employee or
independent contractor is party to an employment agreement; or

  

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(ii) attempt in
any manner to solicit or accept from any customer or client of the Company or any of its Affiliates, with whom the Company or any
of its Affiliates had significant contact during the term of the Agreement, business of the kind or competitive with the business
done by the Company or any of its Affiliates with such customer or to persuade or attempt to persuade any such customer to cease
to do business or to reduce the amount of business which such customer has customarily done or is reasonably expected to do with
the Company or any of its Affiliates or if any such customer elects to move its business to a person other than the Company or
any of its Affiliates, provide any services (of the kind or competitive with the Business of the Company or any of its Affiliates)
for such customer, or have any discussions regarding any such service with such customer, on behalf of such other person.

 

The Executive recognizes
and agrees that because a violation by the Executive of his obligations under this Section 7 will cause irreparable harm to the
Company that would be difficult to quantify and for which money damages would be inadequate, the Company shall have the right to
injunctive relief to prevent or restrain any such violation, without the necessity of posting a bond. The Non-compete Period will
be extended by the duration of any violation by the Executive of any of his obligations under this Section 7.

 

The Executive expressly
agrees that the character, duration and scope of the covenant not to compete are reasonable in light of the circumstances as they
exist at the date upon which this Agreement has been executed. However, should a determination nonetheless be made by a court of
competent jurisdiction at a later date that the character, duration or geographical scope of the covenant not to compete is unreasonable
in light of the circumstances as they then exist, then it is the intention of the Executive, on the one hand, and the Company,
on the other, that the covenant not to compete shall be construed by the court in such a manner as to impose only those restrictions
on the conduct of the Executive which are reasonable in light of the circumstances as they then exist and necessary to assure the
Company of the intended benefit of the covenant not to compete.

 

8.           Inventions and
Patents. The Executive acknowledges that all inventions, innovations, improvements, know-how, plans, development, methods,
designs, analyses, specifications, software, drawings, reports and all similar or related information (whether or not patentable
or reduced to practice) which related to any of the Company’s actual or proposed business activities and which are created,
designed or conceived, developed or made by the Executive during the Executive’s past or future employment by the Company
or any Affiliates, or any predecessor thereof (“Work Product”), belong to the Company, or its Affiliates, as applicable.
Any copyrightable work falling within the definition of Work Product shall be deemed a “work made for hire” and ownership
of all right title and interest shall rest in the Company. The Executive hereby irrevocably assigns, transfers and conveys, to
the full extent permitted by law, all right, title and interest in the Work Product, on a worldwide basis, to the Company to the
extent ownership of any such rights does not automatically vest in the Company under applicable law. The Executive will promptly
disclose any such Work Product to the Company and perform all actions requested by the Company (whether during or after employment)
to establish and confirm ownership of such Work Product by the Company (including without limitation, assignments, consents, powers
of attorney and other instruments).

  

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9.            Confidentiality
Covenants.

 

(a)        The Executive understands
that the Company and/or its Affiliates, from time to time, may impart to the Executive confidential information, whether such information
is written, oral or graphic.

 

For purposes of this
Agreement, “Confidential Information” means information, which is used in the business of the Company or its Affiliates
and (i) is proprietary to, about or created by the Company or its Affiliates, (ii) gives the Company or its Affiliates
some competitive business advantage or the opportunity of obtaining such advantage or the disclosure of which could be detrimental
to the interests of the Company or its Affiliates, (iii) is designated as Confidential Information by the Company or its Affiliates,
is known by the Executive to be considered confidential by the Company or its Affiliates, or from all the relevant circumstances
should reasonably be assumed by the Executive to be confidential and proprietary to the Company or its Affiliates, or (iv) is
not generally known by non-Company personnel. Such Confidential Information includes, without limitation, the following types of
information and other information of a similar nature (whether or not reduced to writing or designated as confidential):

 

(i) Internal personnel
and financial information of the Company or its Affiliates, vendor information (including vendor characteristics, services, prices,
lists and agreements), purchasing and internal cost information, internal service and operational manuals, and the manner and methods
of conducting the business of the Company or its Affiliates;

 

(ii) Marketing
and development plans, price and cost data, price and fee amounts, pricing and billing policies, bidding, quoting procedures, marketing
techniques, forecasts and forecast assumptions and volumes, and future plans and potential strategies (including, without limitation,
all information relating to any acquisition prospect and the identity of any key contact within the organization of any acquisition
prospect) of the Company or its Affiliates which have been or are being discussed;

 

(iii) Names of
customers and their representatives, contracts (including their contents and parties), customer services, and the type, quantity,
specifications and content of products and services purchased, leased, licensed or received by customers of the Company or its
Affiliates; and

 

(iv) Confidential
and proprietary information provided to the Company or its Affiliates by any actual or potential customer, government agency or
other third party (including businesses, consultants and other entities and individuals).

 

The Executive hereby acknowledges
the Company’s exclusive ownership of such Confidential Information.

  

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(b)         The Executive agrees as follows: (1) only to use the Confidential Information to provide services to the Company and its
Affiliates; (2) only to communicate the Confidential Information to fellow employees, agents and representatives on a
need-to-know basis; and (3) not to otherwise disclose or use any Confidential Information, except as may be required by law
or otherwise authorized by the Board. Upon demand by the Company or upon termination of the Executive’s employment, the
Executive will deliver to the Company all manuals, photographs, recordings and any other instrument or device by which,
through which or on which Confidential Information has been recorded and/or preserved, which are in the Executive’s
possession, custody or control.

 

10.            Representation.
The Executive hereby represents that the Executive’s entry into this Employment Agreement and performance of the services
hereunder will not violate the terms or conditions of any other agreement to which the Executive is a party.

 

11.            Arbitration.
In the event of any breach arising from the performance of this Agreement, either party may request arbitration. In such event,
the parties will submit to arbitration by a qualified arbitrator with the definition and laws of the State of New York. Such arbitration
shall be final and binding on both parties.

 

12.            Governing Law/Jurisdiction.
This Agreement and any disputes or controversies arising hereunder shall be construed and enforced in accordance with and governed
by the internal laws of the State of New York without regard to the conflicts of laws principles thereof.

 

13.            Public Company Obligations.
Executive acknowledges that the Company is a public company whose Common Stock has been registered under the US Securities Act
of 1933, as amended (the “Securities Act”), and registered under the Exchange Act, and that this Agreement may be
subject to the public filing requirements of the Exchange Act. Executive acknowledges and agrees
that the applicable insider trading rules, transaction reporting rules, limitations on disclosure of non-public information and
other requirements set forth in the Securities Act, the Exchange Act and rules and regulations promulgated by the SEC may apply
to this Agreement and Executive’s employment with the Company. Executive
(on behalf of himself, as well as the Executive’s executors, heirs, administrators and assigns), absolutely and unconditionally
agrees to indemnify and hold harmless the Company and all of its past, present and future affiliates, executors, heirs, administrators,
shareholders, employees, officers, directors, attorneys, accountants, agents, representatives, predecessors, successors and assigns
from any and all claims, debts, demands, accounts, judgments, causes of action, equitable relief, damages, costs, charges, complaints,
obligations, controversies, actions, suits, proceedings, expenses, responsibilities and liabilities of every kind and character
whatsoever (including, but not limited to, reasonable attorneys’ fees and costs) in the event of Executive’s
breach of any obligation of Executive under the Securities Act, the Exchange Act, any rules
promulgated by the SEC and any other applicable federal, state or foreign laws, rules, regulations or orders.

 

14.            Entire Agreement.
This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and thereof
and supersedes and cancels (i) any and all previous agreements, written and oral, regarding the subject matter hereof between the
parties hereto and (ii) that certain employment agreement dated as of November 4, 2010 by and between the Executive and Dynastar
Ventures, Inc. (formerly known as Bluegrass Venture Group, Inc.). This Agreement shall not be changed, altered, modified or amended,
except by a written agreement signed by both parties hereto.

 

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15.            Notices.
All notices, requests, demands and other communications called for or contemplated hereunder shall be in writing and shall be deemed
to have been given when delivered to the party to whom addressed or when sent by telecopy (if promptly confirmed by registered
or certified mail, return receipt requested, prepaid and addressed) to the parties, their successors in interest, or their assignees
at the following addresses, or at such other addresses as the parties may designate by written notice in the manner aforesaid:

 

(a)            to the Company at:

 

  Dynastar Holdings,
Inc.

  1311 Herr Lane,
Suite 205

  Louisville, KY
40222

  phone

  fax

  Attn: John S.
Henderson IV

 

  with a copy to:

  Gottbetter &
Partners, LLP

  488 Madison Avenue

  New York, NY
10022-5718

  Attn: Adam S.
Gottbetter

  Fax: (212) 400-6901

 

(b)            to the Executive
at:

 

 Address listed
on Schedule A attached hereto.

 

All such notices, requests
and other communications will (i) if delivered personally to the address as provided in this Section, be deemed given upon delivery,
(ii) if delivered by facsimile transmission to the facsimile number as provided for in this Section, be deemed given upon facsimile
confirmation, (iii) if delivered by mail in the manner described above to the address as provided for in this Section, be deemed
given on the earlier of the third business day following mailing or upon receipt and (iv) if delivered by overnight courier to
the address as provided in this Section, be deemed given on the earlier of the first business day following the date sent by such
overnight courier or upon receipt (in each case regardless of whether such notice, request or other communication is received by
any other person to whom a copy of such notice is to be delivered pursuant to this Section). Either party may, by notice given
to the other party in accordance with this Section, designate another address or person for receipt of notices hereunder.

 

16.            Severability.
If any term or provision of this Agreement, or the application thereof to any person or under any circumstance, shall to any extent
be invalid or unenforceable, the remainder of this Agreement, or the application of such terms to the persons or under circumstances
other than those as to which it is invalid or unenforceable, shall be considered severable and shall not be affected thereby, and
each term of this Agreement shall be valid and enforceable to the fullest extent permitted by law. The invalid or unenforceable
provisions shall, to the extent permitted by law, be deemed amended and given such interpretation as to achieve the economic intent
of this Agreement.

  

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17.            Waiver. The
failure of any party to insist in any one instance or more upon strict performance of any of the terms and conditions hereof, or
to exercise any right or privilege herein conferred, shall not be construed as a waiver of such terms, conditions, rights or privileges,
but same shall continue to remain in full force and effect. Any waiver by any party of any violation of, breach of or default under
any provision of this Agreement by the other party shall not be construed as, or constitute, a continuing waiver of such provision,
or waiver of any other violation of, breach of or default under any other provision of this Agreement.

 

18.            Successors and Assigns.
This Agreement shall be binding upon the Company and any successors and assigns of the Company. Neither this Agreement nor any
right or obligation hereunder may be assigned by the Executive. The Company may assign this Agreement and its right and obligations
hereunder, in whole or in part.

 

19.            Counterparts.
This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which together
shall constitute one and the same instrument.

 

20.            Headings. Headings
in this Agreement are for reference purposes only and shall not be deemed to have any substantive effect.

 

21.            Opportunity to Seek
Advice. The Executive acknowledges and confirms that he has had the opportunity to seek such legal, financial and other advice
and representation as he has deemed appropriate in connection with this Agreement, that the Executive is fully aware of its legal
effect, and that Executive has entered into it freely based on the Executive’s judgment
and not on any representations or promises other than those contained in this Agreement.

 

22.            Withholding and
Payroll Practices. All salary, severance payments, bonuses or benefits payments made by the Company under this Agreement shall
be net of any tax or other amounts required to be withheld by the Company under applicable law and shall be paid in the ordinary
course pursuant to the Company’s then existing payroll practices.

 

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

  

[The next page is the signature page]

  

    	12

    	 

    

 

	 	EXECUTIVE:
	 	 
	 	/s/ Robert Mohr
	 	Robert Mohr
	 	 
	 	DYNASTAR HOLDINGS, INC.
	 	 
	 	By: 	/s/ Kenneth Spiegeland
	 	 	Name: Kenneth Spiegeland
	 	 	Title: Chief Executive Officer

 

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Schedule A

 

1.       Employment Period: 36 calendar
months.

 

2.       Employment

 

a.       Title: Treasurer, Chief Financial
Officer and Secretary

 

b.       Executive Duties:

 

The Executive’s
duties and responsibilities shall generally include all rights, duties and responsibilities customarily associated with the executive
position of Chief Financial Officer, Treasurer and Secretary. During the term of this Agreement, the Executive shall report directly
to the Chief Executive Officer of the Company. Any change of Executive’s position, rights, responsibilities, duties, reporting
obligations, compensation, benefits or job description or any change in the control or ownership of the Company, without the express
written consent of the Executive, shall constitute a material breach of this Agreement and, at the discretion of the Executive,
may be treated as a constructive termination of the employment relationship without just cause subject to all the rights and obligation
associated with the termination provisions provided in this Agreement. In addition to the above stated functions, the Executive
shall serve as Chief Financial Officer of Dynastar Ventures, Inc. the Company’s wholly owned operating company.

 

3.       Base Salary: $175,000 per
year.

 

5(a) Initial Stock Option Grant

 

Upon the
closing of the merger by and among the Company, Dynastar Acquisition Corp. and Dynastar Ventures, Inc. (the “Merger”),
Mr. Mohr shall be issued (i) a Company option under the Company’s 2011 Incentive Stock Option Plan (the “Plan”)
for four hundred fifty thousand (450,000) shares of the Company’s common stock, 150,000 shares of which shall be fully vested
upon issuance and 300,000 shares of which shall vest in two equal installments on November 4, 2012 and November 4, 2013, and (ii)
an additional option for five hundred thousand (500,000) shares of the Company’s common stock vesting in three equal annual
installments beginning on the first anniversary of the Merger closing date, each of these options
with an exercise price of $0.20 per share and an expiration date of ten years from the date of issuance. These options are intended
to be issued as incentive stock options under IRC requirements.

 

5(c) Vacation: Four (4) weeks.

 

6(e) Severance Period: To be determined.

 

	15(b)  Executive Contact Information:	Robert R. Mohr
	 	 
	 	1311 Herr Lane, Suite 205
	 	 
	 	Louisville, KY  40205DYNASTAR HOLDINGS,
INC.

2011 EQUITY
INCENTIVE PLAN

 

1.          PURPOSE.
The Dynastar Holdings, Inc. 2011 Equity Incentive Plan has two complementary purposes: (a) to attract and retain outstanding
individuals to serve as officers, employees, directors, consultants and advisors to the Company and its Affiliates, and (b) to
increase stockholder value. The Plan will provide participants incentives to increase stockholder value by offering the opportunity
to acquire shares of the Company’s Common Stock or receive monetary payments based on the value of such Common Stock, on
the potentially favorable terms that this Plan provides.

 

2.          EFFECTIVE
DATE. The Plan shall become effective upon its adoption by the Board of Directors of the Company, subject to approval
by the stockholders of the Company within twelve (12) months of the effective date. Any Awards granted under the Plan prior to
such stockholder approval shall be conditioned on such approval.

 

3.          DEFINITIONS.
Capitalized terms used in this Plan have the following meanings:

 

(a)         “Affiliate”
means any entity that, directly or through one or more intermediaries, is controlled by, controls, or is under common control
with, the Company within the meaning of Code Sections 414(b) or (c), provided that, in applying such provisions, the phrase “at
least fifty percent (50%)” shall be used in place of “at least eighty percent (80%)” each place it appears therein.

 

(b)         “Award”
means a grant of Options (as defined below), Stock Appreciation Rights (as defined in Section 3(w) hereof), Performance Shares
(as defined in Section 3(p) hereof), Restricted Stock (as defined in Section 3(s) hereof), or Restricted Stock Units (as defined
in Section 3(t) hereof).

 

(c)         “Bankruptcy”
shall mean (i) the filing of a voluntary petition under any bankruptcy or insolvency law, or a petition for the appointment of
a receiver or the making of an assignment for the benefit of creditors, with respect to the Participant, or (ii) the Participant
being subjected involuntarily to such a petition or assignment or to an attachment or other legal or equitable interest with respect
to the Participant’s assets, which involuntary petition or assignment or attachment is not discharged within 60 days after
its date, and (iii) the Participant being subject to a transfer of its Issued Shares by operation of law (including by divorce,
even if not insolvent), except by reason of death.

 

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

 

(e)         “Change
of Control” shall be deemed to have occurred as of the first day that any one or more of the following conditions is satisfied,
including, but not limited to, the signing of documents by all parties and approval by all regulatory agencies, if required:

 

(i)          The
stockholders approve a plan of complete liquidation or dissolution of the Company; or

 

    	 

    	 

    

 

(ii)         The
consummation of (A) an agreement for the sale or disposition of all or substantially all of the Company’s assets (other
than to an Excluded Person (as defined below)), or (B) a merger, consolidation or reorganization of the Company with or involving
any other corporation, other than a merger, consolidation or reorganization that would result in the holders of voting securities
of the Company outstanding immediately prior thereto continuing to hold (either by remaining outstanding or by being converted
into voting securities of the surviving entity), at least fifty percent (50%) of the combined voting power of the voting securities
of the Company (or such other surviving entity) outstanding immediately after such merger, consolidation or reorganization.

 

An Excluded
Person means: (i) the Company or any of its Affiliates, (ii) a trustee or other fiduciary holding securities under any employee
benefit plan of the Company or any of its Affiliates, (iii) an underwriter temporarily holding securities pursuant to an offering
of such securities or (iv) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the
same proportions as their ownership of stock in the Company.

 

Notwithstanding
the foregoing, with respect to an Award that is considered deferred compensation subject to Code Section 409A, if the definition
of “Change of Control” results in the payment of such Award, then such definition shall be amended to the minimum
extent necessary, if at all, so that the definition satisfies the requirements of a change of control under Code Section 409A.

 

(f)          “Code”
means the Internal Revenue Code of 1986, as amended. Any reference to a specific provision of the Code includes any successor
provision and the regulations promulgated under such provision.

 

(g)          “Committee”
means the Compensation Committee of the Board (or a successor committee with similar authority) or if no such committee is named
by the Board, than it shall mean the Board.

 

(h)          “Common
Stock” means the Common Stock of the Company, par value $0.001 per share.

 

(i)          “Company”
means Dynastar Holdings, Inc., a Nevada corporation, or any successor thereto.

 

(j)          “Exchange
Act” means the Securities Exchange Act of 1934, as amended from time to time. Any reference to a specific provision of the
Exchange Act shall be deemed to include any successor provision thereto.

 

(k)          “Fair
Market Value” means, per Share on a particular date, the value as determined by the Committee using a reasonable valuation
method within the meaning of Code Section 409A, based on all information in the Company’s possession at such time, or if
applicable, the value as determined by an independent appraiser selected by the Board or Committee.

 

(l)          “Issued
Shares” means, collectively, all outstanding Shares issued pursuant to an Award and all Option Shares.

 

(m)          “Option”
means the right to purchase Shares at a stated price upon and during a specified time. “Options” may either be “incentive
stock options” which meet the requirements of Code Section 422, or “nonqualified stock options” which do not
meet the requirements of Code Section 422.

 

    	2

    	 

    

  

(n)          “Option
Shares” means outstanding Shares that were issued to a Participant upon the exercise of an Option.

 

(o)          “Participant”
means an officer or other employee of the Company or its Affiliates, or an individual that the Company or an Affiliate has engaged
to become an officer or employee, or a consultant or advisor who provides services to the Company or its Affiliates, including
a non-employee director of the Board, whom the Committee designates to receive an Award.

 

(p)          “Performance
Shares” means the right to receive Shares to the extent the Company, Subsidiary, Affiliate or other business unit and/or
Participant achieves certain goals that the Committee establishes over a period of time the Committee designates.

 

(q)          “Permitted
Transferee” means, in connection with a transfer made for bona fide estate planning purposes, either during a Participant’s
lifetime or on death by will or intestacy, to his or her spouse, child (natural or adopted), or any other direct lineal descendant
of such Participant (or his or her spouse) (all of the foregoing collectively referred to as “family members”), or
any other relative approved unanimously by the Board of Directors of the Company, or any custodian or trustee of any trust, partnership
or limited liability company for the benefit of, or the ownership interests of which are owned wholly by, such Participant or
any such family members.

 

(r)          “Plan”
means this Dynastar Holdings, Inc. 2011 Equity Incentive Plan, as amended from time to time.

 

(s)          “Restricted
Stock” means Shares that are subject to a risk of forfeiture and/or restrictions on transfer (including but not limited
to stock grants with the recipient having the right to make an election under Section 83(b) of the Code), which may lapse upon
the achievement or partial achievement of performance goals during a specified period and/or upon the completion of a period of
service or upon the occurrence of other events, as determined by the Committee.

 

(t)          “Restricted
Stock Unit” means the right to receive a Share, or a cash payment, the amount of which is equal to the Fair Market Value
of a Share, which is subject to a risk of forfeiture which may lapse upon the achievement or partial achievement of performance
goals during a specified period and/or upon the completion of a period of service or upon the occurrence of other events, as determined
by the Committee.

 

(u)          “Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations thereunder.

 

(v)          “Share”
means a share of Common Stock.

 

(w)          “Stock
Appreciation Right” or “SAR” means the right of a Participant to receive cash, and/or Shares with a Fair Market
Value, equal to the excess of the Fair Market Value of a Share over the grant price.

 

    	3

    	 

    

 

(x)          “Subsidiary”
means any corporation in an unbroken chain of corporations beginning with the Company if each of the corporations (other than
the last corporation in the chain) owns stock possessing more than fifty percent (50%) of the total combined voting power of all
classes of stock in one of the other corporations in the chain.

 

(y)          “10%
Owner-Employee” means an employee who, at the time an incentive stock option is granted, owns (directly or indirectly, within
the meaning of Code Section 424(d)) more than ten percent (10%) of the total combined voting power of all classes of stock of
the Company or of any Subsidiary.

 

4.          ADMINISTRATION.

 

(a)          Committee
Administration. The Committee has full authority to administer this Plan, including the authority to (i) interpret the provisions
of this Plan, (ii) prescribe, amend and rescind rules and regulations relating to this Plan, (iii) correct any defect, supply
any omission, or reconcile any inconsistency in any Award or agreement covering an Award in the manner and to the extent it deems
desirable to carry this Plan into effect, and (iv) make all other determinations necessary or advisable for the administration
of this Plan. All actions or determinations of the Committee are made in its sole discretion and will be final and binding on
any person with an interest therein. If at any time the Committee is not in existence, the Board shall administer the Plan and
references to the Committee in the Plan shall mean the Board.

 

(b)          Delegation
to Committees or Officers. To the extent applicable law permits, the Board may delegate to another committee of the Board
or to one or more officers of the Company, or the Committee may delegate to a sub-committee, any or all of the authority and responsibility
of the Committee. If the Board or Committee has made such a delegation, then all references to the Committee in this Plan include
such committee, sub-committee or one or more officers to the extent of such delegation.

 

(c)          No
Liability. No member of the Committee, and no individual or officer to whom a delegation under subsection (b) has been made,
will be liable for any act done, or determination made, by the individual in good faith with respect to the Plan or any Award.
The Company will indemnify and hold harmless such individual to the maximum extent that the law and the Company’s bylaws
permit.

 

5.          DISCRETIONARY
GRANTS OF AWARDS. Subject to the terms of this Plan, the Committee has full power and authority to: (a) designate from
time to time the Participants to receive Awards under this Plan; (b) determine the type or types of Awards to be granted to each
Participant; (c) determine the number of Shares with respect to which an Award relates; and (d) determine any terms and conditions
of any Award including but not limited to permitting the delivery to the Company of Shares or the relinquishment of an appropriate
number of vested Shares under an exercisable Option in satisfaction of part of all of the exercise price of, or withholding taxes
with respect to, an Award. Awards may be granted either alone or in addition to, in tandem with, or in substitution for any other
Award (or any other award granted under another plan of the Company or any Affiliate). The Committee’s designation of a
Participant in any year will not require the Committee to designate such person to receive an Award in any other year.

 

    	4

    	 

    

 

 

6.          SHARES
RESERVED UNDER THIS PLAN.

 

(a)          Plan
Reserve. An aggregate of five million (5,000,000) Shares are reserved for issuance under this Plan, all of which may be issued
as any form of Award.

 

(b)          Replenishment
of Shares Under this Plan. If an Award lapses, expires, terminates or is cancelled without the issuance of Shares or payment
of cash under the Award, then the Shares subject to or reserved for in respect of such Award, or the Shares to which such Award
relates, may again be used for new Awards as determined under subsection (a), including issuance pursuant to incentive stock options.
If Shares are delivered to (or withheld by) the Company in payment of the exercise price or withholding taxes of an Award, then
such Shares may be used for new Awards under this Plan as determined under subsection (a), including issuance pursuant to incentive
stock options. If Shares are issued under any Award and the Company subsequently reacquires them pursuant to rights reserved upon
the issuance of the Shares, then such Shares may be used for new Awards under this Plan as determined under subsection (a), but
excluding issuance pursuant to incentive stock options.

 

7.          OPTIONS.
Subject to the terms of this Plan, the Committee will determine all terms and conditions of each Option, including but not
limited to:

 

(a)          Whether
the Option is an incentive stock option or a nonqualified stock option; provided that in the case of an incentive stock option,
if the aggregate Fair Market Value (determined at the time of grant) of the Shares with respect to which such option and all other
incentive stock options issued under this Plan (and under all other incentive stock option plans of the Company or any Affiliate
that is required to be included under Code Section 422) are first exercisable by the Participant during any calendar year exceeds
$100,000, such Option automatically shall be treated as a nonqualified stock option to the extent this limit is exceeded. Only
employees of the Company or a Subsidiary are eligible to be granted incentive stock options;

 

(b)          The
number of Shares subject to the Option;

 

(c)          The
exercise price per Share, which may not be less than the Fair Market Value of a Share as determined on the date of grant; provided
that an incentive stock option granted to a 10% Owner-Employee must have an exercise price that is at least one hundred ten percent
(110%) of the Fair Market Value of a Share on the date of grant;

 

(d)          The
terms and conditions of exercise; and

 

(e)          The
termination date, except that each Option must terminate no later than the tenth (10th) anniversary of the date of grant and each
incentive stock option granted to any 10% Owner-Employee must terminate no later than the fifth (5th) anniversary of the date
of grant.

 

In
all other respects, the terms of any incentive stock option should comply with the provisions of Code Section 422 except to the
extent the Committee determines otherwise.

 

8.          STOCK
APPRECIATION RIGHTS. Subject to the terms of this Plan, the Committee will determine all terms and conditions of each
SAR, including but not limited to:

 

(a)          The
number of Shares to which the SAR relates;

 

    	5

    	 

    

  

(b)          The
grant price, provided that the grant price shall not be less than the Fair Market Value of the Shares subject to the SAR as determined
on the date of grant;

 

(c)          The
terms and conditions of exercise or maturity;

 

(d)          The
term, provided that an SAR must terminate no later than the tenth (10th) anniversary of the date of grant; and

 

(e)          Whether
the SAR will be settled in cash, Shares or a combination thereof.

 

9.          PERFORMANCE
SHARE AWARDS. Subject to the terms of this Plan, the Committee will determine all terms and conditions of each Performance
Share Award, including but not limited to:

 

(a)          The
number of Shares to which the Performance Share Award relates;

 

(b)          The
terms and conditions of each Award, including, without limitation, the selection of the performance goals that must be achieved
for the Participant to realize all or a portion of the benefit provided under the Award; and

 

(c)          Whether
all or a portion of the Shares subject to the Award will be issued to the Participant, without regard to whether the performance
goals have been attained, in the event of the Participant’s death, disability, retirement or other circumstance.

 

10.         RESTRICTED
STOCK AND RESTRICTED STOCK UNIT AWARDS. Subject to the terms of this Plan, the Committee will determine all terms and
conditions of each award of Restricted Stock or Restricted Stock Units, including but not limited to:

 

(a)          The
number of Shares or Restricted Stock Units to which such Award relates;

 

(b)          The
period of time over which, and/or the criteria or conditions that must be satisfied so that, the risk of forfeiture and/or restrictions
on transfer imposed on the Restricted Stock or Restricted Stock Units will lapse;

 

(c)          Whether
all or a portion of the Restricted Shares or Restricted Stock Units will be released from a right of repurchase and/or be paid
to the Participant in the event of the Participant’s death, disability, retirement or other circumstance;

 

(d)          With
respect to awards of Restricted Stock, the manner of registration of certificates for such Shares, and whether to hold such Shares
in escrow pending lapse of the risk of forfeiture, right of repurchase and/or restrictions on transfer or to issue such Shares
with an appropriate legend referring to such restrictions;

 

(e)          With
respect to awards of Restricted Stock, whether dividends paid with respect to such Shares will be immediately paid or held in
escrow or otherwise deferred and whether such dividends shall be subject to the same terms and conditions as the Award to which
they relate; and

 

    	6

    	 

    

  

(f)          With
respect to awards of Restricted Stock Units, whether to credit dividend equivalent units equal to the amount of dividends paid
on a Share and whether such dividend equivalent units shall be subject to the same terms and conditions as the Award to which
they relate.

 

11.         TRANSFERABILITY.
Except as set forth in Section 15 hereof, each award granted under this plan is not transferable other than by will or the laws
of descent and distribution, or to a revocable trust, or as permitted by Rule 701 of the Securities Act.

 

12.         TERMINATION
AND AMENDMENT.

 

(a)          Term.
Subject to the right of the Board or Committee to terminate the Plan earlier pursuant to Section 12(b), the Plan shall terminate
on, and no Awards may be granted after the tenth (10th) anniversary of the Plan’s effective date.

 

(b)          Termination
and Amendment. The Board or Committee may amend, alter, suspend, discontinue or terminate this Plan at any time, provided
that:

 

(i)          the
Board must approve any amendment of this Plan to the extent the Company determines such approval is required by: (a) action of
the Board, (b) applicable corporate law, or (c) any other applicable law or rule of a self-regulatory organization;

 

(ii)         stockholders
must approve any of the following Plan amendments: (a) an amendment to materially increase any number of Shares specified in Section
6(a) (except as permitted by Section 14(a)) or expand the class of individuals eligible to receive an Award to the extent required
by the Code, the Company’s bylaws or any other applicable law, (b) any other amendment if required by applicable law or
the rules of any self-regulatory organization, or (c) an amendment that would diminish the protections afforded by Section 12(e);
provided, that such stockholder approval may be obtained within 12 months of the approval of such amendment by the Board or Committee.

 

(c)          Amendment,
Modification or Cancellation of Awards. Except as provided in subsection (e) and subject to the restrictions of this Plan,
the Committee may modify or amend an Award or waive any restrictions or conditions applicable to an Award (including relating
to the exercise, vesting or payment thereof), and the Committee may modify the terms and conditions applicable to any Award (including
the terms of the Plan), and the Committee may cancel any Award, provided that the Participant (or any other person as may then
have an interest in such Award as a result of the Participant’s death or the transfer of an Award) must consent in writing
if any such action would adversely affect the rights of the Participant (or other interested party) under such Award. Notwithstanding
the foregoing, the Committee need not obtain Participant (or other interested party) consent for the amendment, modification or
cancellation of an Award pursuant to the provisions of Section 14(a), or the amendment or modification of an Award to the extent
deemed necessary to comply with any applicable law, the listing requirements of any principal securities exchange or market on
which the Shares are then traded, or to preserve favorable accounting treatment of any Award for the Company.

 

    	7

    	 

    

 

(d)          Survival
of Committee Authority and Awards. Notwithstanding the foregoing, the authority of the Committee to administer this Plan and
modify or amend an Award, and the authority of the Board or Committee to amend this Plan, shall extend beyond the date of this
Plan’s termination. In addition, termination of this Plan will not affect the rights of Participants with respect to Awards
previously granted to them, and all unexpired Awards will continue in full force and effect after termination of this Plan except
as they may lapse or be terminated by their own terms and conditions.

 

(e)          Repricing
Prohibited. Notwithstanding anything in this Plan to the contrary, neither the Committee nor any other person may decrease
the exercise price of any Option or the grant price of any SAR nor take any action that would result in a deemed decrease of the
exercise price or grant price of an Option or SAR under Code Section 409A, after the date of grant, except in accordance with
Section 1.409A-1(b)(5)(v)(D) of the Treasury Regulations (26 C.F.R.), or in connection with a transaction which is considered
the grant of a new Option or SAR for purposes of Section 409A of the Code, provided that the new exercise price or grant price
is not less than the Fair Market Value of a Share on the new grant date.

 

(f)          Foreign
Participation. To assure the viability of Awards granted to Participants employed or residing in foreign countries, the Committee
may provide for such special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy
or custom. Moreover, the Committee may approve such supplements to, or amendments, restatements or alternative versions of this
Plan as it determines is necessary or appropriate for such purposes. Any such amendment, restatement or alternative versions that
the Committee approves for purposes of using this Plan in a foreign country will not affect the terms of this Plan for any other
country.

 

13.         TAXES.

 

(a)          Withholding.
In the event the Company or any Affiliate is required to withhold any foreign, Federal, state or local taxes or other amounts
in respect of any income recognized by a Participant as a result of the grant, vesting, payment or settlement of an Award or disposition
of any Shares acquired under an Award, the Company may deduct (or require an Affiliate to deduct) from any payments of any kind
otherwise due the Participant cash, or with the consent of the Committee, Shares otherwise deliverable or vesting under an Award,
to satisfy such tax obligations. Alternatively, the Company may require such Participant to pay to the Company, in cash, promptly
on demand, or make other arrangements satisfactory to the Company regarding the payment to the Company of the aggregate amount
of any such taxes and other amounts required to be withheld. If Shares are deliverable upon exercise or payment of an Award, the
Committee may permit a Participant to satisfy all or a portion of the foreign, Federal, state and local withholding tax obligations
arising in connection with such Award by electing to (a) have the Company withhold Shares otherwise issuable under the Award,
(b) tender back Shares received in connection with such Award, or (c) deliver other previously owned Shares; provided that the
amount to be withheld may not exceed the total minimum foreign, federal, state and local tax withholding obligations associated
with the transaction to the extent needed for the Company to avoid an accounting charge. If an election is provided, the election
must be made on or before the date as of which the amount of tax to be withheld is determined and otherwise as the Company requires.
In any case, the Company may defer making payment or delivery under any Award if any such tax may be pending unless and until
indemnified to its satisfaction.

 

    	8

    	 

    

 

(b)          No
Guarantee of Tax Treatment. Notwithstanding any provisions of the Plan, the Company does not guarantee to any Participant
or any other person with an interest in an Award that any Award intended to be exempt from Code Section 409A shall be so exempt,
nor that any Award intended to comply with Code Section 409A shall so comply, nor that any Award designated as an incentive stock
option within the meaning of Code Section 422 qualifies as such, and neither the Company nor any Affiliate shall indemnify, defend
or hold harmless any individual with respect to the tax consequences of any such failure.

 

14.         ADJUSTMENT
PROVISIONS; CHANGE OF CONTROL.

 

(a)          Adjustment
of Shares. If (i) the Company shall at any time be involved in a merger or other transaction in which the Shares are changed
or exchanged; (ii) the Company shall subdivide or combine the Shares or the Company shall declare a dividend payable in Shares,
other securities or other property; (iii) the Company shall effect a cash dividend the amount of which, on a per Share basis,
exceeds ten percent (10%) of the Fair Market Value of a Share at the time the dividend is declared, or the Company shall effect
any other dividend or other distribution on the Shares in the form of cash, or a repurchase of Shares, that the Committee determines
by resolution is special or extraordinary in nature or that is in connection with a transaction that is a recapitalization or
reorganization involving the Shares; or (iv) any other event shall occur, which, in the case of this subsection (iv), in the judgment
of the Committee necessitates an adjustment to prevent dilution or enlargement of the benefits or potential benefits intended
to be made available under this Plan, then, in each case, the Committee shall, in such manner as it may deem equitable, adjust
any or all of: (w) the number and type of Shares subject to this Plan (including the number and type of Shares that may be issued
pursuant to incentive stock options), (x) the number and type of Shares subject to outstanding Awards, (y) the grant, purchase,
or exercise price with respect to any Award, and (z) the performance goals established under any Award.

 

(i)          In
any such case, the Committee may also make provision for a cash payment, in an amount determined by the Committee, to the holder
of an outstanding Award in exchange for the cancellation of all or a portion of the Award (without the consent of the holder of
an Award), effective at such time as the Committee specifies (which may be the time such transaction or event is effective); provided
that any such adjustment to an Award that is exempt from Code Section 409A shall be made in a manner that permits the Award to
continue to be so exempt, and any adjustment to an Award that is subject to Code Section 409A shall be made in a manner that complies
with the provisions thereof. However, with respect to Awards of incentive stock options, no such adjustment may be authorized
to the extent that such authority would cause this Plan to violate Code Section 422(b). Further, the number of Shares subject
to any Award payable or denominated in Shares must always be a whole number.

 

(ii)         Without
limitation, in the event of any reorganization, merger, consolidation, combination or other similar corporate transaction or event,
whether or not constituting a Change of Control, other than any such transaction in which the Company is the continuing corporation
and in which the outstanding Common Stock is not being converted into or exchanged for different securities, cash or other property,
or any combination thereof, the Committee may provide that awards, without limitation, will be assumed by the surviving corporation
or its parent, will have the vesting accelerated or will be cancelled with or without consideration, in all cases without the
consent of the Participant.

 

    	9

    	 

    

  

(iii)        Notwithstanding
the foregoing, in the case of a stock dividend (other than a stock dividend declared in lieu of an ordinary cash dividend) or
subdivision or combination of the Shares (including a reverse stock split), adjustments contemplated by this subsection that are
proportionate shall nevertheless automatically be made as of the date of such stock dividend or subdivision or combination of
the Shares.

 

(b)          Issuance
or Assumption. Notwithstanding any other provision of this Plan, and without affecting the number of Shares otherwise reserved
or available under this Plan, in connection with any merger, consolidation, acquisition of property or stock, or reorganization,
the Committee may authorize the cancellation, with or without consideration, issuance, assumption or acceleration of vesting of
awards upon such terms and conditions as it may deem appropriate, in all cases without the consent of the Participant.

 

(c)          Change
of Control. Upon a Change of Control, the Committee may, in its discretion, determine that any or all outstanding Awards held
by Participants who are then in the employ or service of the Company or any Affiliate shall vest or be deemed to have been earned
in full, and:

 

(i)          If
the successor or surviving corporation (or parent thereof) so agrees, all outstanding Awards shall be assumed, or replaced with
the same type of award with similar terms and conditions, by the successor or surviving corporation (or parent thereof) in the
Change of Control. If applicable, each Award which is assumed by the successor or surviving corporation (or parent thereof) shall
be appropriately adjusted, immediately after such Change of Control, to apply to the number and class of securities which would
have been issuable to the Participant upon the consummation of such Change of Control had the Award been exercised or vested immediately
prior to such Change of Control, and such other appropriate adjustments in the terms and conditions of the Award shall be made.

 

(ii)         If
the provisions of paragraph (i) do not apply, then all outstanding Awards shall be cancelled as of the date of the Change of Control
and, at the option of the Committee, may be exchanged for a payment in cash and/or Shares (which may include shares or other securities
of any surviving or successor entity or the purchasing entity or any parent thereof) equal to:

 

(1)         In
the case of an Option or SAR, the excess of the Fair Market Value of the Shares on the date of the Change of Control covered by
the vested portion of the Option or SAR that has not been exercised over the exercise or grant price of such Shares under the
Award;

 

(2)         In
the case of Restricted Stock Units, the Fair Market Value of a Share on the date of the Change of Control multiplied by the number
of vested units, unless otherwise provided in the Award agreement and subject to the repurchase right set forth in Section 15
hereof; and

 

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(3)         In
the case of a Performance Share Award, the Fair Market Value of a Share on the date of the Change of Control multiplied by the
number of earned Shares.

 

(d)          Parachute
Payment Limitation.

 

(i)          Except
as may be set forth in a written agreement by and between the Company and the holder of an Award, in the event that the Company’s
auditors determine that any payment or transfer by the Company under the Plan to or for the benefit of a Participant (a “Payment”)
would be nondeductible by the Company for federal income tax purposes because of the provisions concerning “excess parachute
payments” in Code Section 280G, then the aggregate present value of all Payments shall be reduced (but not below zero) to
the Reduced Amount (defined herein). For purposes of this Section 14(d), the “Reduced Amount” shall be the amount,
expressed as a present value, which maximizes the aggregate present value of the Payments without causing any Payment to be nondeductible
by the Company because of Code Section 280G.

 

(ii)         If
the Company’s auditors determine that any Payment would be nondeductible by the Company because of Code Section 280G, then
the Company shall promptly give the Participant notice to that effect and a copy of the detailed calculation thereof and of the
Reduced Amount, and the Participant may then elect, in his or her sole discretion, which and how much of the Payments shall be
eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount) and
shall advise the Company in writing of his or her election within ten (10) days of receipt of notice. If no such election is made
by the Participant within such ten (10) day period, then the Company may elect which and how much of the Payments shall be eliminated
or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount) and shall notify
the Participant promptly of such election. For purposes of this Section 14(d), present value shall be determined in accordance
with Code Section 280G(d)(4). All determinations made by the Company’s auditors under this Section 14(d) shall be binding
upon the Company and the Participant and shall be made within sixty (60) days of the date when a Payment becomes payable or transferable.
As promptly as practicable following such determination and the elections hereunder, the Company shall pay or transfer to or for
the benefit of the Participant such amounts as are then due to him or her under the Plan and shall promptly pay or transfer to
or for the benefit of the Participant in the future such amounts as become due to him or her under the Plan.

 

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(iii)        Except
to the extent such payment was made in connection with a Change of Control, as a result of uncertainty in the application of Code
Section 280G at the time of an initial determination by the Company’s auditors hereunder, it is possible that Payments will
have been made by the Company that should not have been made (an “Overpayment”) or that additional Payments that will
not have been made by the Company could have been made (an “Underpayment”), consistent in each case with the calculation
of the Reduced Amount hereunder. In the event that the Company’s auditors, based upon the assertion of a deficiency by the
Internal Revenue Service against the Company or the Participant that the auditors believe has a high probability of success, determine
that an Overpayment has been made, such Overpayment shall be treated for all purposes as a loan to the Participant which he or
she shall repay to the Company, together with interest at the applicable federal rate provided in Code Section 7872(f)(2); provided,
however, that no amount shall be payable by the Participant to the Company if and to the extent that such payment would not reduce
the amount subject to taxation under Code Section 4999. In the event that the auditors determine that an Underpayment has occurred,
such Underpayment shall promptly be paid or transferred by the Company to or for the benefit of the Participant, together with
interest at the applicable federal rate provided in Code Section 7872(f)(2).

 

(iv)         For
purposes of this Section 14(d), the term “Company” shall include affiliated corporations to the extent determined
by the auditors in accordance with Code Section 280G(d)(5).

 

15.         STOCK
TRANSFER RESTRICTIONS.

 

(a)          Restriction
on Transfer of Options. No Option shall be transferable by the Participant otherwise than by will or by the laws of descent
and distribution and all Options shall be exercisable, during the Participant’s lifetime, only by the Participant, or by
the Participant’s legal representative or guardian in the event of the Participant’s incapacity. The Participant may
elect to designate a beneficiary by providing written notice of the name of such beneficiary to the Company, and may revoke or
change such designation at any time by filing written notice of revocation or change with the Company, and any such beneficiary
may exercise the Participant’s Option in the event of the Participant’s death to the extent provided herein. If the
Participant does not designate a beneficiary, or if the designated beneficiary predeceases the Participant, the legal representative
of the Participant may exercise the Option in the event of the Participant’s death to the extent provided herein. Notwithstanding
the foregoing, the Committee, in its sole discretion, may provide in the Award agreement regarding a given Option that the Participant
may transfer, without consideration for the transfer, his or her Options to members of his or her immediate family, to trusts
for the benefit of such family members, or to partnerships in which such family members are the only partners, provided that the
transferee agrees in writing with the Company to be bound by all of the terms and conditions of this Plan and the applicable Option.

 

(b)          Issued
Shares. No Issued Shares shall be sold, assigned, transferred, pledged, hypothecated, given away or in any other manner disposed
of or encumbered, whether voluntarily or by operation of law, unless such transfer is in compliance with the terms of the applicable
Award, all applicable securities laws (including, without limitation, the Securities Act and the Exchange Act), and with the terms
and conditions of this Section 15. In connection with any proposed transfer, the Committee may require the transferor to provide
at the transferor’s own expense an opinion of counsel to the transferor and the Company, satisfactory to the Committee,
that such transfer is in compliance with all foreign, federal and state securities laws (including, without limitation, the Securities
Act). Any attempted disposition of Issued Shares not in accordance with the terms and conditions of this Section 15 shall be null
and void, and the Company shall not reflect on its records any change in record ownership of any Issued Shares as a result of
any such disposition, shall otherwise refuse to recognize any such disposition and shall not in any way give effect to any such
disposition of Issued Shares.

 

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(c)          Legends.
The Company may cause a legend or legends to be put on any certificates for shares to make appropriate references to any applicable
legal restrictions on transfer.

 

(d)          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 outstanding Shares of the Company, the outstanding Shares 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 Section 15 shall apply with equal force to additional and/or substitute securities, if any, received by Participant
in exchange for, or by virtue of his or her ownership of, Issued Shares.

 

16.         MISCELLANEOUS.

 

(a)          Other
Terms and Conditions. The grant of any Award under this Plan may also be subject to other provisions (whether or not applicable
to the Award awarded to any other Participant) as the Committee determines appropriate, subject to any limitations imposed in
the Plan.

 

(b)          Code
Section 409A. The provisions of Code Section 409A are incorporated herein by reference to the extent necessary for any Award
that is subject to Code Section 409A to comply therewith.

 

(c)          Employment
or Service. The issuance of an Award shall not confer upon a Participant any right with respect to continued employment or
service with the Company or any Affiliate, or the right to continue as a consultant or director. Unless determined otherwise by
the Committee, for purposes of the Plan and all Awards, the following rules shall apply:

 

(i)          a
Participant who transfers employment between the Company and any Affiliate, or between Affiliates, will not be considered to have
terminated employment;

 

(ii)         a
Participant who ceases to be a consultant, advisor or non-employee director because he or she becomes an employee of the Company
or an Affiliate shall not be considered to have ceased service with respect to any Award until such Participant’s termination
of employment with the Company and its Affiliates;

 

(iii)        a
Participant who ceases to be employed by the Company or an Affiliate of the Company and immediately thereafter becomes a non-employee
director of the Company or any Affiliate, or a consultant to the Company or any Affiliate, shall not be considered to have terminated
employment until such Participant’s service as a director of, or consultant to, the Company and its Affiliates has ceased;
and

 

(iv)         a
Participant employed by an Affiliate will be considered to have terminated employment when such entity ceases to be an Affiliate
of the Company.

 

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Notwithstanding
the foregoing, with respect to an Award subject to Code Section 409A, a Participant shall be considered to have terminated employment
(where termination of employment triggers payment of the Award) upon the date of his separation from service within the meaning
of Code Section 409A.

 

(d)          No
Fractional Shares. No fractional Shares or other securities may be issued or delivered pursuant to this Plan, and the Committee
may determine whether cash, other securities or other property will be paid or transferred in lieu of any fractional Shares or
other securities, or whether such fractional Shares or other securities or any rights to fractional Shares or other securities
will be canceled, terminated or otherwise eliminated.

 

(e)          Unfunded
Plan. This Plan is unfunded and does not create, and should not be construed to create, a trust or separate fund with respect
to this Plan’s benefits. This Plan does not establish any fiduciary relationship between the Company and any Participant.
To the extent any person holds any rights by virtue of an Award granted under this Plan, such rights are no greater than the rights
of the Company’s general unsecured creditors.

 

(f)          Requirements
of Law. The granting of Awards under this Plan and the issuance of Shares in connection with an Award are 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 other provision of this Plan or any award agreement, the Company has no liability to deliver any Shares under
this Plan or make any payment unless such delivery or payment would comply with all applicable laws and the applicable requirements
of any securities exchange or similar entity. In such event, the Company may substitute cash for any Share(s) otherwise deliverable
hereunder without the consent of the Participant or any other person.

 

(g)          Governing
Law. This Plan, and all agreements under this Plan, shall be construed in accordance with and governed by the laws of the
State of New York, without reference to any conflict of law principles. Any legal action or proceeding with respect to this Plan,
any Award or any award agreement, or for recognition and enforcement of any judgment in respect of this Plan, any Award or any
award agreement, may only be brought and determined in a court sitting in the State of New York, New York County.

 

(h)          Limitations
on Actions. Any legal action or proceeding with respect to this Plan, any Award or any Award agreement, must be brought within
one year (365 days) after the day the complaining party first knew or should have known of the events giving rise to the complaint.

 

(i)          Construction.
Whenever any words are used herein in the masculine, they shall be construed as though they were used in the feminine in all cases
where they would so apply; and wherever any words are used in the singular or plural, they shall be construed as though they were
used in the plural or singular, as the case may be, in all cases where they would so apply. Titles of sections are for general
information only, and the Plan is not to be construed with reference to such titles.

 

    	14

    	 

    

 

(j)          Severability.
If any provision of this Plan or any award agreement or any Award (i) is or becomes or is deemed to be invalid, illegal or unenforceable
in any jurisdiction, or as to any person or Award, or (ii) would disqualify this Plan, any award agreement or any Award, then
such provision should be construed or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed
amended without, in the determination of the Committee, materially altering the intent of this Plan, award agreement or Award,
then such provision should be stricken as to such jurisdiction, person or Award, and the remainder of this Plan, such award agreement
and such Award will remain in full force and effect.

 

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