Document:

Exhibit 10.16

 

THE
OPTION GRANTED PURSUANT TO THIS AGREEMENT AND THE SECURITIES ISSUABLE UPON THE EXERCISE THEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR UNDER ANY STATE BLUE SKY OR SECURITIES LAWS IN RELIANCE UPON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS
OF SUCH ACT AND BLUE SKY LAWS, AND MAY NOT BE SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR QUALIFICATION,
OR AN EXEMPTION FROM THE REGISTRATION OR QUALIFICATION REQUIREMENTS OF SUCH ACT OR LAWS.

 

PUREBASE
CORPORATION

 

OPTION
AGREEMENT

 

Section
1. Definitions.

 

Capitalized
terms used herein shall have the meanings set forth below.

 

“Agreement”
shall mean this Option Agreement.

 

“Company”
shall mean Purebase Corporation, a Nevada corporation.

 

“Date
of Grant” shall mean the date specified in the Notice of Option Grant.

 

“Grantee”
or “Optionee” means the individual named in the Notice of Option Grant attached to this Agreement.

 

“Notice
of Option Grant” means the Notice of Option Grant dated the date hereof granted to the Grantee.

 

“Securities
Act” shall mean the Securities Act of 1933, as amended.

 

“Shares”
or “Stock” shall mean the Common Stock of the Company.

 

“Transfer”
shall mean any direct or indirect sale, assignment, transfer, gift, pledge, encumbrance or other disposition.

 

Section
2. Grant of Option.

 

Subject
to the terms and conditions set forth in the Notice of Option Grant and this Agreement, the Company hereby grants to the Grantee the
option to purchase the number of Shares indicated in the Notice of Option Grant. The grant to the Grantee is personal and cannot be Transferred
without the prior written consent of the Company.

 

Section
3. Right to Exercise.

 

3.1
Subject to the other provisions contained in this Agreement and the Notice of Option Grant, the option may be exercised at any time by
delivery of notice to the Company and payment of the applicable exercise price. The Grantee or the Grantee’s authorized representative
may exercise this option by giving written notice to the Company. The notice shall be signed by the person exercising this option and
if the option is being exercised by the representative of the Grantee, the notice shall be accompanied by proof satisfactory to the Company
of the representative’s right to exercise this option.

 

    	-1-

    	 

    

 

3.2
In the event that the Company determines that it is required to withhold any tax as a result of the exercise of this option, the Grantee,
as a condition to the exercise of this option, shall make arrangements satisfactory to the Company to enable it to satisfy all federal,
state and local withholding requirements. The Optionee shall also make arrangements satisfactory to the Company to enable it to satisfy
any withholding requirements that may arise in connection with the vesting or disposition of Shares issued in connection with exercising
this option.

 

Section
4. Representations and Warranties.

 

Recognizing
that the Company will be relying on the information and on the representations and warranties set forth herein, the Grantee hereby acknowledges,
represents and warrants to, and agrees with, the Company to the representations and warranties set forth below, which shall be true and
correct as of the date hereof and upon each date that the Grantee exercises the option.

 

(a)
I represent and warrant that I am acquiring and will hold the option and the Shares received upon exercise of such option for investment
for my account only, and not with a view to, or for resale in connection with, any “distribution” of the option and the Shares
within the meaning of the Securities Act.

 

(b)
I understand that the option and the Shares have not been registered under the Securities Act or any state securities laws by reason
of a specific exemption therefrom and that the option and the Shares must be held indefinitely, unless they are subsequently registered
under the Securities Act or I obtain an opinion of counsel (in form and substance satisfactory to the Company and its counsel) that registration
is not required.

 

(c)
I acknowledge that the Company is under no obligation to register the option or the Shares subject to the Option.

 

(d)
I am aware of the adoption of Rule 144 by the Securities and Exchange Commission under the Securities Act, which permits limited public
resales of securities acquired in a non-public offering, subject to the satisfaction of certain conditions. These conditions include
(without limitation) that certain current public information about the issuer is available, that the resale occurs only after the holding
period required by Rule 144 has been satisfied, that the sale occurs through an unsolicited “broker’s transaction”
and that the amount of securities being sold during any three-month period does not exceed specified limitations.

 

(e)
I will not Transfer or otherwise dispose of the option and the Shares subject thereto in violation of the Securities Act, the Securities
Exchange Act of 1934, or the rules promulgated thereunder, including Rule 144 under the Securities Act or any blue sky or state securities
laws or regulations.

 

    	-2-

    	 

    

 

(f)
I acknowledge that I have received and had access to such information as I consider necessary or appropriate for deciding whether to
invest in the option and the Shares subject thereto and that I had an opportunity to ask questions and receive answers from the Company
regarding the terms and conditions of the issuance of the option and the Shares subject thereto.

 

(g)
I am aware that my investment in the Company is speculative and subject to the risk of complete loss.

 

(h)
I acknowledge that I am an “accredited investor”, as such term is defined under the Securities Act.

 

(i)
I acknowledge that I am acquiring the option and the Shares subject thereto to all the terms of the Notice of Grant and this Agreement.

 

Section
5. Miscellaneous.

 

5.1
This Agreement and the rights and obligations hereunder are not transferable or assignable by the Grantee.

 

5.2
This Agreement and the rights, powers and duties set forth herein shall be binding upon and inure to the benefit of the heirs, executors,
administrators, successors, legal representatives and permitted successors and assigns of the parties hereto.

 

5.3
Neither this Agreement nor any provisions hereof shall be waived, modified, discharged or terminated except by an instrument in writing
signed by the party against whom any such waiver, modification, discharge or termination is sought.

 

5.4
Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be mailed by certified mail,
return receipt requested, nationally recognized overnight delivery service or by hand to (a) the Optionee at his address on the books
of the Company, and (b) to the Company, at its principal address. Any notice or other communications given by certified mail shall be
deemed given at the time of certification thereof, except for a notice changing a party’s address, which shall be deemed given
at the time of receipt thereof.

 

5.5
This Agreement shall be deemed to have been made under, and shall be governed by, and construed in accordance with, the substantive laws
of the State of Nevada (excluding the law thereof which requires the application of or reference to the law of any other jurisdiction).

 

5.6
This Agreement, may be signed in counterparts and by facsimile or other electronic means, each of which shall be an original, and both
of which shall together constitute one and the same instrument.

 

    	-3-

    	 

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of August 13, 2021.

 

	 	PUREBASE
    CORPORATION
	 	 	 
	 	By:	/s/
    A. Scott Dockter
	 	Name:	A.
    Scott Dockter 
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	GRANTEE:
	 	 	 
	 	/s/ Kimberly Kurtis
	 	Dr. Kimberly Kurtis

 

    	-4-

    	 

    

 

PUREBASE
CORPORATION

 

NOTICE
OF OPTION GRANT

 

Purebase
Corporation (the “Company”) is pleased to advise you that pursuant to the attached Option Agreement you have been
granted the following options to purchase shares of common stock of the Company:

 

	

    Name
    of Grantee:
	

    Dr.
    Kimberly Kurtis

	Number
    of Shares: 	200,000
	Date
    of Grant: 	August
    10, 2026
	Exercise
    Price: 	$0.38
	Expiration
    Date:	August
    10, 2026
	 	 
	Vesting
    Schedule:	All
    options granted hereunder shall be immediately exercisable.

 

By
your signature and the signature of the Company, you and the Company agree that this option is granted under and governed by the terms
and conditions of the Option Agreement, which is attached to and made a part of this document.

 

	GRANTEE:	 	PUREBASE
    CORPORATION
	 	 	 	 	 
	/s/ Kimberly Kurtis	 	By:	/s/
    A. Scott Docter
	Name:	Dr. Kimberly Kurtis	 	Name:	A.
    Scott Dockter
	 	 	 	Title:	Chief
    Executive Officer

 

Address:

805
Adair Ave, NE

Atlanta,
GA 30306

[personal
email address]

Cell:
(XXX) XXX-XXXX

 

Social
Security Number: XXX-XX-XXXX

 

    	-5-Exhibit 4.1

 

MAWSON INFRASTRUCTURE GROUP INC.

2021 EQUITY INCENTIVE PLAN

(Adopted by the Board of Directors on [●],
2021)

 

ARTICLE 1. PURPOSE

 

The purpose of the Mawson Infrastructure Group Inc.
2021 Equity Incentive Plan (as it may be amended or restated from time to time, the “Plan”) is to promote the long-term
success and enhance the value of Mawson Infrastructure Group Inc., a Delaware corporation, (the “Company”) by linking
the individual interests of Employees, Directors and Consultants to those of Company stockholders and by providing such individuals with
an incentive for outstanding performance to generate superior returns to Company stockholders. The Plan is further intended to provide
flexibility to the Company in its ability to motivate, attract, and retain the services of Employees, Directors and Consultants.

 

ARTICLE 2. DEFINITIONS AND CONSTRUCTION

 

Wherever the following terms are used in the Plan
they shall have the meanings specified below, unless the context clearly indicates otherwise. The singular pronoun shall include the
plural where the context so indicates.

 

2.1 “Administrator” shall mean
the Board or a Committee to the extent that the Board’s powers or authority under the Plan have been delegated to such Committee.

 

2.2 “Applicable Accounting Standards”
shall mean Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting
principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time
to time.

 

2.3 “Applicable Law” shall mean
any applicable law, including, without limitation: (a) provisions of the Code, the Securities Act, the Exchange Act and any rules or
regulations thereunder; (b) corporate, securities, tax or other laws, statutes, rules, requirements or regulations, whether U.S. or non-U.S.,
federal, state or local; and (c) rules of any securities exchange or automated quotation system on which the Shares are listed, quoted
or traded.

 

2.4 “Award” shall mean an Option,
a Stock Appreciation Right, a Restricted Stock award, a Restricted Stock Unit award, any Other Stock or Cash Based Award or a Dividend
Equivalent award, which may be awarded or granted under the Plan.

 

2.5 “Award Agreement” shall mean
any written notice, agreement, terms and conditions, contract or other instrument or document evidencing an Award, including through
electronic medium, which shall contain such terms and conditions with respect to an Award as the Administrator shall determine consistent
with the Plan.

 

2.6 “Board” shall mean the Board
of Directors of the Company.

 

     

     

    

 

2.7 “Cause” shall mean,
unless otherwise specifically provided in any applicable Award Agreement or in any other written agreement entered into between the
Company and a Participant, with respect to any Participant: (a) the Participant’s commission of an act of fraud or
embezzlement upon the Company or any of its affiliates; (b) the Participant’s commission of any willful act intended to injure
the reputation, business, or any business relationship of the Company or any of its affiliates; (c) the Participant is found by a
court of competent jurisdiction to have committed a felony (or equivalent offense under Applicable Law), unless the Administrator
determines that such event shall not constitute Cause; or (d) the refusal or failure of the Participant to comply with any of his or
her material obligations under any Award Agreement or to perform the Participant’s duties with the Company or any of its
affiliates, as applicable, in a competent and professional manner that is not cured by the Participant within fifteen (15) business
days after a written demand therefor is delivered to the Participant by the Company or, if applicable, an affiliate, which
specifically identifies the manner in which the Company or affiliate, as applicable, believes that the Participant has materially
breached the Award Agreement or not substantially performed the Participant’s duties; provided, however, that if
the Company or applicable affiliate, in good faith, determines that the refusal or failure by the Participant is egregious in nature
or is not susceptible of cure, then no such cure period shall be required.

 

2.8 “Change in Control” means
the occurrence of any of the following events:

 

(a) A change in the ownership of the Company
which occurs on the date that any one person, or more than one person acting as a group (“Person”), acquires
ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than fifty percent (50%)
of the total voting power of the stock of the Company; provided, however, that for purposes of this Section 2.8(a),
the acquisition of additional stock by any one Person, who is considered to own more than fifty percent (50%) of the total voting
power of the stock of the Company will not be considered a Change in Control; provided, further, that if the
stockholders of the Company immediately before such change in ownership continue to retain immediately after the change in
ownership, in substantially the same proportions as their ownership of shares of the Company’s voting stock immediately prior
to the change in ownership, direct or indirect beneficial ownership of fifty percent (50%) or more of the total voting power of the
stock of the Company, such event shall not be considered a Change in Control under this Section 2.8(a). For purposes of this Section
2.8(a), indirect beneficial ownership shall include, without limitation, an interest resulting from ownership of the voting
securities of one or more corporations or other business entities which own the Company, as the case may be, either directly or
through one or more subsidiary corporations or other business entities;

 

(b) A change in the effective control of the Company
which occurs on the date that a majority of members of the Board is replaced during any twelve (12) month period by directors whose appointment
or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes
of this Section 2.8(b), if any Person is considered to be in effective control of the Company, the acquisition of additional control
of the Company by the same Person will not be considered a Change in Control;

 

(c) A change in the ownership of a substantial
portion of the Company’s assets which occurs on the date that any Person acquires (or has acquired during the twelve (12)
month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total
gross fair market value equal to or more than fifty percent (50%) of the total gross fair market value of all of the assets of the
Company immediately prior to such acquisition or acquisitions; provided, however, that for purposes of this Section
2.8(c), the following will not constitute a change in the ownership of a substantial portion of the Company’s assets: (i) a
transfer to an entity that is controlled by the Company’s stockholders immediately after the transfer; or (ii) a transfer of
assets by the Company to: (A) a stockholder of the Company (immediately before the asset transfer) in exchange for or with respect
to the Company’s stock; (B) an entity, fifty percent (50%) or more of the total value or voting power of which is owned,
directly or indirectly, by the Company; (C) a Person, that owns, directly or indirectly, fifty percent (50%) or more of the total
value or voting power of all the outstanding stock of the Company; or (D) an entity, at least fifty percent (50%) of the total value
or voting power of which is owned, directly or indirectly, by a Person described in this Section 2.8(c). For purposes of this
Section 2.8(c), gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of,
determined without regard to any liabilities associated with such assets. For purposes of this Section 2.8(c), persons will be
considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or
acquisition of stock, or similar business transaction with the Company.

 

    2

     

    

 

Notwithstanding anything in this Section 2.8 to
the contrary, a transaction shall not constitute a Change in Control if it is effected for the purpose of changing the place of incorporation
or form of organization of the Company (including where the Company is succeeded by an issuer incorporated under the laws of another
state, country or foreign government for such purpose and whether or not the Company remains in existence following such transaction),
where all or substantially all of the persons or group that beneficially own all or substantially all of the combined voting power of
the Company’s voting securities immediately prior to the transaction beneficially own all or substantially all of the combined
voting power of the Company in substantially the same proportions of their ownership after the transaction. Further, if a Change in Control
constitutes a payment event with respect to any Award (or any portion of an Award) that provides for the deferral of compensation that
is subject to Section 409A, to the extent required to avoid the imposition of additional taxes under Section 409A, the transaction or
event described in subsection (a), (b) or (c) with respect to such Award (or portion thereof) shall constitute a Change in Control for
purposes of the payment timing of such Award only if such transaction also constitutes a “change in control event,” as defined
in Treasury Regulation Section 1.409A-3(i)(5). The Administrator shall have full and final authority, which shall be exercised in its
sole discretion, to determine conclusively whether a Change in Control has occurred pursuant to the above definition, the date of the
occurrence of such Change in Control and any incidental matters relating thereto; provided that any exercise of authority in conjunction
with a determination of whether a Change in Control is a “change in control event” as defined in Treasury Regulation Section
1.409A-3(i)(5) shall be consistent with such regulation.

 

2.9 “Code” shall mean the U.S.
Internal Revenue Code of 1986, as amended from time to time, together with the regulations and official guidance promulgated thereunder,
whether issued prior or subsequent to the grant of any Award.

 

2.10 “Committee” shall mean the
Compensation Committee of the Board, or another committee or subcommittee of the Board which may be comprised of one or more Directors
and/or executive officers of the Company as appointed by the Board, to the extent permitted by Applicable Law, as set forth in Article
11 hereof.

 

2.11 “Common Stock” shall mean
the common stock of the Company, par value $0.001 per share.

 

2.12 “Company” shall have the
meaning set forth in Article 1.

 

2.13 “Consultant” shall mean
any consultant or adviser engaged to provide services to the Company or any parent of the Company or Subsidiary who qualifies as a consultant
or advisor under the applicable rules of the Securities and Exchange Commission for registration of shares on a Form S-8 Registration
Statement.

 

2.14 “Director” shall mean a
member of the Board, as constituted from time to time.

 

2.15 “Director Limit” shall have
the meaning set forth in Section 4.5.

 

2.16 “Dividend Equivalent” shall
mean a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded under Section 9.2.

 

    3

     

    

 

2.17 “Effective Date” shall mean
the date the Plan is adopted by the Board.

 

2.18 “Eligible Individual” shall
mean any person who is an Employee, a Consultant or a Non-Employee Director, as determined by the Administrator.

 

2.19 “Employee” shall mean any
officer or other employee (as determined in accordance with Section 3401(c) of the Code and the Treasury Regulations thereunder) of the
Company, or of any parent of the Company, or any Subsidiary.

 

2.20 “Equity Restructuring” shall
mean a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering
or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the
Company) or the share price of Shares (or other securities) and causes a change in the per-share value of Shares underlying outstanding
Awards or such other event that constitutes an “equity restructuring” within the meaning of the U.S. Financial Accounting
Standards Board Accounting Standards Codification Topic 718 (or any successor pronouncement thereto).

 

2.21 “Exchange Act” shall mean
the U.S. Securities Exchange Act of 1934, as amended from time to time.

 

2.22 “Fair Market Value” shall
mean, as of any given date, the value of a Share determined as follows:

 

(a) If the Shares are (i) listed on any established
securities exchange (such as the New York Stock Exchange, the Nasdaq Capital Market, the Nasdaq Global Market or the Nasdaq Global Select
Market), (ii) listed on any national market system or (iii) quoted or traded on any automated quotation system, its Fair Market Value
shall be the closing sales price for a Share as quoted on such exchange or system for such date or, if there is no closing sales price
for a Share on the date in question, the closing sales price for a Share on the last preceding date for which such quotation exists,
as reported in The Wall Street Journal or such other source as the Administrator deems reliable;

 

(b) If the Shares are not listed on an established
securities exchange, national market system or automated quotation system, but the Shares are regularly quoted by a recognized securities
dealer, its Fair Market Value shall be the mean of the high bid and low asked prices for such date or, if there are no high bid and low
asked prices for a Share on such date, the high bid and low asked prices for a Share on the last preceding date for which such information
exists, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or

 

(c) If the Shares are neither listed on an established
securities exchange, national market system or automated quotation system nor regularly quoted by a recognized securities dealer, its
Fair Market Value shall be established by the Administrator in good faith.

 

2.24 “Non-Employee Director”
shall mean a Director of the Company who is not an Employee.

 

2.25 “Non-Qualified Stock Option”
shall mean an Option that is not an “incentive stock option” within the meaning of Section 422 of the Code.

 

2.26 “Option” shall mean a right
to purchase Shares at a specified exercise price, granted under Article 5. All Options granted under the Plan shall be Non-Qualified
Stock Options.

 

    4

     

    

 

2.27 “Option Term” shall have
the meaning set forth in Section 5.3.

 

2.28 “Organizational Documents”
shall mean, collectively, (a) the Company’s articles of incorporation, certificate of incorporation, bylaws or other similar organizational
documents relating to the creation and governance of the Company, and (b) the Committee’s charter or other similar organizational
documentation relating to the creation and governance of the Committee, each as may be amended from time to time.

 

2.29 “Other Stock or Cash Based Award”
shall mean a cash payment, cash bonus award, stock payment, stock bonus award or incentive award that is paid in cash, Shares or a combination
of both, awarded under Section 9.1, which may include, without limitation, deferred stock, deferred stock units and performance awards.

 

2.30 “Participant” shall mean
a person who has been granted an Award.

 

2.31 “Performance Criteria” shall
mean the criteria that the Administrator selects for an Award for purposes of establishing the Performance Goal or Performance Goals
for a Performance Period. The Performance Criteria that may be used to establish Performance Goals include, but are not limited to, the
following: (a) revenue and income measures (such as revenue, gross margin, income from operations, net income, net sales, earnings per
share, earnings before interest, taxes, depreciation and amortization (“EBIDTA”), and economic value added (“EVA”);
(b) expense measures (such as costs of goods sold, selling, finding and development costs, general and administrative expenses and overhead
costs); (c) operating measures (such as productivity, energy consumption, operating income, funds from operations, cash from operations,
after-tax operating income, market share, margin and sales volumes); (d) cash flow measures (such as net cash flow from operating activities
and working capital); (e) liquidity measures (such as earnings before or after the effect of certain items such as interest, taxes, depreciation
and amortization, and free cash flow); (f) leverage measures (such as debt-to-equity ratio and net debt); (g) market measures (such as
market share, stock price, growth measure, total stockholder return and market capitalization measures); (h) return measures (such as
return on equity, return on assets and return on invested capital); (i) corporate value measures (such as compliance, safety, environmental
and personnel matters); and (j) other measures such as those relating to acquisitions, dispositions or customer satisfaction.

 

2.32 “Performance Goals” shall
mean, for a Performance Period, one or more goals (and adjustments) established in writing by the Administrator for the Performance Period
based upon one or more Performance Criteria. Depending on the Performance Criteria used to establish such Performance Goals, the Performance
Goals may be expressed in terms of overall Company performance or the performance of a Subsidiary, division, business unit, or an individual,
or a combination thereof, or in such other manner determined by the Administrator. The permissible forms in which a Performance Goal
may be expressed further include, without limitation, percentage growth, performance against an index or peer companies, absolute growth,
cumulative growth, a designated absolute amount, and per Share outstanding. The achievement of each Performance Goal may be determined
with reference to Applicable Accounting Standards or other methodology as determined appropriate by the Administrator. The Administrator,
in its sole discretion, may provide that one or more adjustments shall be made to one or more of the Performance Goals.

 

2.33  “Performance Period”
shall mean one or more periods of time, which may be of varying and overlapping durations, as the Administrator may select, over which
the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, vesting
of, and/or the payment in respect of, an Award.

 

    5

     

    

 

2.34 “Permitted Transferee” shall
mean, with respect to a Participant other than a Participant who is subject to Australian income taxation, any “family member”
of the Participant, as defined in the General Instructions to Form S-8 Registration Statement under the Securities Act (or any successor
form thereto), or any other transferee specifically approved by the Administrator after taking into account Applicable Law.

 

2.35 “Plan” shall have the meaning
set forth in Article 1.

 

2.36 “Restricted Stock” shall
mean Shares awarded under Article 7 that is subject to certain restrictions and may be subject to risk of forfeiture or repurchase.

 

2.37 “Restricted Stock Units”
shall mean the right to receive Shares awarded under Article 8.

 

2.38 “SAR Term” shall have the
meaning set forth in Section 5.3.

 

2.39 “Section 409A” shall mean
Section 409A of the Code and the Department of Treasury regulations and other interpretive guidance issued thereunder, including, without
limitation, any such regulations or other guidance that may be issued after the Effective Date.

 

2.40 “Securities Act” shall mean
the U.S. Securities Act of 1933, as amended.

 

2.41 “Shares” shall mean shares
of Common Stock, and such other securities of the Company, as may be substituted or resubstituted for Common Stock pursuant to Section
12.2.

 

2.42 “Stock Appreciation Right”
shall mean an Award entitling the Participant (or other person entitled to exercise pursuant to the Plan) to exercise all or a specified
portion thereof (to the extent then exercisable pursuant to its terms) and to receive from the Company an amount determined by multiplying
the difference obtained by subtracting the exercise price per Share of such Award from the Fair Market Value on the date of exercise
of such Award by the number of Shares with respect to which such Award shall have been exercised, subject to any limitations the Administrator
may impose.

 

2.43 “Subsidiary” shall mean
any entity (other than the Company), whether domestic or foreign, in an unbroken chain of entities beginning with the Company if each
of the entities other than the last entity in the unbroken chain beneficially owns, at the time of the determination, securities or interests
representing at least fifty percent (50%) of the total combined voting power of all classes of securities or interests in one of the
other entities in such chain.

 

2.44 “Substitute Award”
shall mean an Award granted under the Plan in connection with a corporate transaction, such as a merger, combination, consolidation
or acquisition of property or stock, in any case, upon the assumption of, or in substitution for, outstanding equity awards
previously granted by a company or other entity; provided, however, that in no event shall the term “Substitute
Award” be construed to refer to an award made in connection with the cancellation and repricing of an Option or Stock
Appreciation Right.

 

2.45 “Takeover” shall mean a
Change in Control in the form of a tender or exchange offer under Section 14(d) of the Exchange Act, pursuant to which a Person acquires
ownership of the stock of the Company constituting one hundred percent (100%) of the total voting power of the stock of the Company,
other than where such Person is (a) the Company or an Affiliate, (b) an employee benefit plan of the Company or any of its Affiliates,
(c) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its Affiliates, or (d) an
underwriter temporarily holding securities pursuant to an offering of such securities.

 

    6

     

    

 

2.46 “Termination of Service”
shall mean the time when the Participant ceases to be an Eligible Individual for any reason, including, without limitation, a termination
by resignation, discharge (with or without Cause), disability, death or retirement; but excluding terminations where the Participant
simultaneously commences or remains in employment with the Company or any parent of the Company or Subsidiary. The Administrator, in
its sole discretion, shall determine the effect of all matters and questions relating to any Termination of Service, including, without
limitation, whether a Termination of Service has occurred, whether a Termination of Service resulted from a discharge for Cause and all
questions of whether particular leaves of absence constitute a Termination of Service. For purposes of the Plan, a Participant’s
employee-employer relationship or consultancy relationship shall be deemed to be terminated in the event that the Subsidiary employing
or engaging such Participant ceases to remain a Subsidiary following any merger, sale of stock or other corporate transaction or event
(including, without limitation, a spin-off or divestiture).

 

ARTICLE 3. SHARES SUBJECT TO THE PLAN

 

3.1 Number of Shares.

 

(a) Subject to Section 3.1(b) and Section 12.2,
the aggregate number of Shares which may be issued or transferred pursuant to Awards under the Plan shall be 7,000,000[1]
Shares (the “Share Limit”). Any Shares distributed pursuant to an Award may consist, in whole or in part,
of authorized and unissued Shares, treasury Shares or Shares purchased on the open market.

 

(b) If any Shares subject to an Award are
forfeited or expire (including Shares repurchased by the Company under Section 7.4 upon a forfeiture of unvested
Restricted Stock), are converted to shares of another entity in connection with a recapitalization, reorganization, merger,
consolidation, split-up, spin-off, combination, exchange of shares or other similar event, or such Award is settled
in cash (in whole or in part), the Shares subject to such Award shall, to the extent of such forfeiture, conversion, expiration or
cash settlement, again be available for future grants of Awards under the Plan. Notwithstanding anything to the contrary
herein, the following Shares shall not be added to the Shares authorized for grant under Section 3.1(a) and
shall not be available for future grants of Awards under the Plan: (i) Shares tendered by a Participant
or withheld by the Company in payment of the exercise price of an Option; (ii) Shares tendered by the Participant or withheld by the
Company to satisfy any tax withholding obligation with respect to an Award; (iii) Shares subject to Stock Appreciation
Rights that are not issued in connection with the stock settlement of the Stock Appreciation Rights on exercise thereof; and (iv)
Shares purchased on the open market by the Company with the cash proceeds received from the exercise of Options. The payment
of Dividend Equivalents in cash in conjunction with any outstanding Awards shall not be counted against
the Shares available for issuance under the Plan.

 

(c) Substitute Awards may be granted on such
terms as the Administrator deems appropriate, notwithstanding limitations on Awards in the Plan. Substitute Awards shall not reduce
the Shares authorized for grant under the Plan, and Shares subject to such Substitute Awards shall not be added to the Shares
available for Awards under the Plan as provided in Section 3.1(b) above. Additionally, in the event that a company acquired by the
Company or any Subsidiary or with which the Company or any Subsidiary combines has shares available under a pre-existing plan
approved by its stockholders and not adopted in contemplation of such acquisition or combination, the shares available for grant
pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other
adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration payable to the
holders of common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall
not reduce the Shares authorized for grant under the Plan (and Shares subject to such Awards shall not be added to the Shares
available for Awards under the Plan as provided in Section 3.1(b) above); provided that Awards using such available
Shares shall not be made after the date awards or grants could have been made under the terms of the pre-existing plan, absent the
acquisition or combination, and shall be made only to individuals who were not employed by or providing services to the Company or
its Subsidiaries immediately prior to such acquisition or combination.

 

 

	1	The Plan as authorized by the Board on August
                                            3, 2021 had a Share Limit of 70,000,000 shares, which amount was reduced to 7,000,000 shares
                                            following the 1-10 reverse split on August 13, 2021.

 

    7

     

    

 

ARTICLE 4. GRANTING OF AWARDS

 

4.1 Participation. The Administrator may,
from time to time, select from among all Eligible Individuals, those to whom an Award shall be granted and shall determine the nature
and amount of each Award, which shall not be inconsistent with the requirements of the Plan. No Eligible Individual or other person shall
have any right to be granted an Award pursuant to the Plan and neither the Company nor the Administrator is obligated to treat Eligible
Individuals, Participants or any other persons uniformly. Participation by each Participant in the Plan shall be voluntary and nothing
in the Plan shall be construed as mandating that any Eligible Individual or other person shall participate in the Plan.

 

4.2 Award Agreement. Each Award shall be
evidenced by an Award Agreement that sets forth the terms, conditions and limitations for such Award as determined by the Administrator
in its sole discretion (consistent with the requirements of the Plan). The Administrator, in its sole discretion, may grant Awards to
Eligible Individuals that are based on one or more Performance Criteria or achievement of one or more Performance Goals or any such other
criteria or goals as the Administrator shall establish.

 

4.3 Limitations Applicable to Section 16 Persons.
Notwithstanding any other provision of the Plan, the Plan, and any Award granted or awarded to any individual who is then subject to
Section 16 of the Exchange Act, shall be subject to any additional limitations set forth in any applicable exemptive rule under Section
16 of the Exchange Act (including Rule 16b-3 of the Exchange Act and any amendments thereto) that are requirements for the application
of such exemptive rule. To the extent permitted by Applicable Law, the Plan and Awards granted or awarded hereunder shall be deemed amended
to the extent necessary to conform to such applicable exemptive rule.

 

4.4 At-Will Service. Nothing in the Plan
or in any Award Agreement hereunder shall confer upon any Participant any right to continue in the employ of, or as a Director or Consultant
of, the Company or any Subsidiary, or shall interfere with or restrict in any way any rights of the Company and any Subsidiary, which
rights are hereby expressly reserved, to discharge any Participant at any time for any reason whatsoever, with or without cause, and
with or without notice, or to terminate or change all other terms and conditions of employment or engagement, except to the extent expressly
provided otherwise in a written agreement between the Participant and the Company or any Subsidiary.

 

4.5 Director Limit. Notwithstanding any provision
to the contrary in the Plan or in any policy of the Company regarding compensation payable to a Non-Employee Director, the sum of the
grant date fair value (determined in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718,
or any successor thereto) of all Awards payable in Shares and the maximum cash value of any other Award granted under the Plan to an
individual as compensation for services as a Non-Employee Director, together with cash compensation paid to such Director in the form
of Board and Committee retainer, meeting or similar fees, during any calendar year shall not exceed USD $750,000 (the “Director
Limit”). For avoidance of doubt, compensation will count towards the Director Limit for the calendar year in which it was granted
or earned, and not later when distributed, in the event it is deferred. The Director Limit may not be increased without the approval
of the stockholders of the Company.

 

    8

     

    

 

4.6 Non-U.S. Participants.
Notwithstanding any provision of the Plan to the contrary, in order to comply with the laws in countries other than the United
States in which the Company and its Subsidiaries operate or have Employees, Directors or Consultants, or in order to comply with the
requirements of any non-U.S. securities exchange or other Applicable Law, the Administrator, in its sole discretion, shall have the
power and authority to: (a) determine which Subsidiaries shall be covered by the Plan; (b) determine which Eligible Individuals
outside the United States are eligible to participate in the Plan; (c) modify the terms and conditions of any Award granted to
Eligible Individuals outside the United States to comply with Applicable Law (including, without limitation, applicable non-U.S.
laws or listing requirements of any Non-U.S. securities exchange); (d) establish subplans and modify exercise procedures and other
terms and procedures, to the extent such actions may be necessary or advisable; provided, however, that no such
subplans and/or modifications shall increase the Share Limit contained in Section 3.1; and (e) take any action, before or after an
Award is made, that it deems advisable to obtain approval or comply with any necessary local governmental regulatory exemptions or
approvals or listing requirements of any Non-U.S. securities exchange.

 

ARTICLE 5. GRANTING OF OPTIONS AND STOCK APPRECIATION
RIGHTS

 

5.1 Granting of Options and Stock Appreciation
Rights to Eligible Individuals. The Administrator is authorized to grant Options and Stock Appreciation Rights to Eligible Individuals
from time to time, in its sole discretion, on such terms and conditions as it may determine, which shall not be inconsistent with the
Plan.

 

5.2  Option and Stock Appreciation
Right Exercise Price. The exercise price per Share subject to each Option and Stock Appreciation Right shall be set by the
Administrator, but shall not be less than 100% of the Fair Market Value of a Share on the date the Option or Stock Appreciation
Right, as applicable, is granted. Notwithstanding the foregoing, in the case of an Option or Stock Appreciation Right that is a
Substitute Award, the exercise price per share of the Shares subject to such Option or Stock Appreciation Right, as applicable, may
be less than the Fair Market Value per share on the date of grant; provided that the exercise price of any Substitute
Award shall be determined in accordance with the applicable requirements of Section 424 and 409A of the Code.

 

5.3 Option and SAR Term. The term of
each Option (the “Option Term”) and the term of each Stock Appreciation Right (the “SAR Term”)
shall be set by the Administrator in its sole discretion; provided, however, that the Option Term or SAR Term, as
applicable, shall not be more than ten (10) years from the date the Option or Stock Appreciation Right, as applicable, is granted to
an Eligible Individual. Except as limited by the requirements of Section 409A of the Code and regulations and rulings thereunder or
the first sentence of this Section 5.3 and without limiting the Company’s rights under Section 10.7, the Administrator may
extend the Option Term of any outstanding Option or the SAR Term of any outstanding Stock Appreciation Right, and may extend the
time period during which vested Options or Stock Appreciation Rights may be exercised, in connection with any Termination of Service
of the Participant or otherwise, and may amend, subject to Section 10.7 and Section 12.1, any other term or condition of such Option
or Stock Appreciation Right relating to such Termination of Service of the Participant or otherwise. Further, unless determined
otherwise by the Administrator, in the event that on the last business day of the term of an Option or Stock Appreciation
Right (i) the exercise of the Option or Stock Appreciation Right is prohibited by Applicable Law, as determined by the Company,
or (ii) Shares may not be purchased or sold by the applicable Participant due to any Company insider trading policy (including
blackout periods), the term of the Option or Stock Appreciation Right shall be extended until the date that is thirty (30) days
after the end of the legal prohibition or black-out period, as determined by the Company; provided, however, in
no event shall the extension last beyond the ten (10) year (or shorter) term of the applicable Option or Stock Appreciation
Right.

 

    9

     

    

 

5.4 Option and SAR Vesting. The period
during which the Participant may have a right to vest in and exercise, in whole or in part, an Option or Stock Appreciation Right
shall be set by the Administrator and set forth in the applicable Award Agreement. At any time after the grant of an Option, the
Administrator may, in its sole discretion and subject to whatever terms and conditions it selects, accelerate the vesting of the
Option; provided, however, that in no event shall an Option become exercisable following its expiration, termination
or forfeiture. Notwithstanding the foregoing, unless otherwise determined by the Administrator in the Award Agreement or by action
of the Administrator following the grant of the Option or Stock Appreciation Right (i) no portion of an Option or Stock Appreciation
Right which is unexercisable at a Participant’s Termination of Service shall thereafter become exercisable and (ii) the
portion of an Option or Stock Appreciation Right that is unexercisable at a Participant’s Termination of Service shall
automatically expire on the date of such Termination of Service.

 

5.6 Substitution of Stock Appreciation
Rights. The Administrator may provide in the applicable Award Agreement evidencing the grant of an Option that the
Administrator, in its sole discretion, shall have the right to substitute a Stock Appreciation Right for such Option at any time
prior to or upon exercise of such Option; provided that such Stock Appreciation Right shall be exercisable with respect
to the same number of Shares for which such substituted Option would have been exercisable, and shall also have the same exercise
price, vesting schedule and remaining term as the substituted Option.

 

ARTICLE 6. EXERCISE OF OPTIONS AND STOCK APPRECIATION
RIGHTS

 

6.1 Exercise and Payment. An exercisable
Option or Stock Appreciation Right may be exercised in whole or in part. However, unless the Administrator otherwise determines, an Option
or Stock Appreciation Right shall not be exercisable with respect to fractional Shares and the Administrator may require that, by the
terms of the Option or Stock Appreciation Right, a partial exercise must be with respect to a minimum number of Shares. Payment of the
amounts payable with respect to Stock Appreciation Rights pursuant to this Article 6 shall be in cash, Shares (based on the Fair Market
Value as of the date the Stock Appreciation Right is exercised), or a combination of both, as determined by the Administrator.

 

6.2 Manner of Exercise. All or a portion
of an exercisable Option or Stock Appreciation Right shall be deemed exercised upon delivery of all of the following to the Secretary
of the Company, the stock plan administrator of the Company or such other person or entity designated by the Administrator, or his, her
or its office, as applicable:

 

(a) A written or electronic notice complying with
the applicable rules established by the Administrator stating that the Option or Stock Appreciation Right, or a portion thereof, is exercised.
The notice shall be signed or otherwise acknowledged electronically by the Participant or other person then entitled to exercise the
Option or Stock Appreciation Right or such portion thereof;

 

(b) Such representations and documents as the Administrator,
in its sole discretion, deems necessary or advisable to effect compliance with Applicable Law;

 

(c) In the event that the Option or Stock Appreciation
Right shall be exercised pursuant to Section 10.3 by any person or persons other than the Participant, appropriate proof of the right
of such person or persons to exercise the Option or Stock Appreciation Right, as determined in the sole discretion of the Administrator;
and

 

(d) Full payment of the exercise price and applicable
withholding taxes for the Shares with respect to which the Option or Stock Appreciation Right, or portion thereof, is exercised, in a
manner permitted by the Administrator in accordance with Section 10.1 and Section 10.2.

 

    10

     

    

 

ARTICLE 7. AWARD OF RESTRICTED STOCK

 

7.1 Award of Restricted Stock. The
Administrator is authorized to grant Restricted Stock to Eligible Individuals, and shall determine the terms and conditions,
including the restrictions applicable to each award of Restricted Stock, which terms and conditions shall not be inconsistent with
the Plan, and may impose such conditions on the issuance of such Restricted Stock as it deems appropriate. The Administrator shall
establish the purchase price, if any, and form of payment for Restricted Stock; provided, however, that if a purchase
price is charged, such purchase price shall be no less than the par value, if any, of the Shares to be purchased, unless otherwise
permitted by Applicable Law. In all cases, legal consideration shall be required for each issuance of Restricted Stock to the extent
required by Applicable Law.

 

7.2 Rights as Stockholders. Subject to
Section 7.4, upon issuance of Restricted Stock, the Participant shall have, unless otherwise provided by the Administrator, all of
the rights of a stockholder with respect to said Shares, subject to the restrictions in the Plan and/or the applicable Award
Agreement, including the right to receive all dividends and other distributions paid or made with respect to the Shares to the
extent such dividends and other distributions have a record date that is on or after the date on which the Participant to whom such
Restricted Stock are granted becomes the record holder of such Restricted Stock; provided, however, that, any
dividends and distributions with respect to the Shares shall be subject to the restrictions set forth in Section 7.3. Except in
connection with a spin-off or other similar event or as otherwise permitted under Section 12.2, dividends which are paid prior to
vesting of shares of Restricted Stock shall only be paid out to the Participant to the extent that the vesting conditions are
subsequently satisfied and the share of Restricted Stock vests.

 

7.3 Restrictions. All shares of Restricted
Stock (including any shares received by holders thereof with respect to shares of Restricted Stock as a result of stock dividends, stock
splits or any other form of recapitalization) shall be subject to such restrictions and vesting requirements as the Administrator shall
provide in the applicable Award Agreement. By action taken after the Restricted Stock is issued, the Administrator may, on such terms
and conditions as it may determine to be appropriate, accelerate the vesting of such Restricted Stock by removing any or all of the restrictions
imposed by the terms of the applicable Award Agreement.

 

7.4 Repurchase or Forfeiture of Restricted Stock.
Except as otherwise determined by the Administrator, if no price was paid by the Participant for the Restricted Stock, upon a Termination
of Service during the applicable restriction period, the Participant’s rights in unvested Restricted Stock then subject to restrictions
shall lapse, and such Restricted Stock shall be surrendered to the Company and cancelled without consideration on the date of such Termination
of Service. If a price was paid by the Participant for the Restricted Stock, upon a Termination of Service during the applicable restriction
period, the Company shall have the right to repurchase from the Participant the unvested Restricted Stock then subject to restrictions
at a cash price per share equal to the price paid by the Participant for such Restricted Stock or such other amount as may be specified
in the applicable Award Agreement. Notwithstanding the foregoing, the Administrator, in its sole discretion, may provide that upon certain
events, including, without limitation, the Participant’s death, retirement or disability or any other specified Termination of
Service or any other event, the Participant’s rights in unvested Restricted Stock then subject to restrictions shall not lapse,
such Restricted Stock shall vest and cease to be forfeitable and, if applicable, the Company shall cease to have a right of repurchase.

 

7.5 Section 83(b) Election. If a Participant
makes an election under Section 83(b) of the Code to be taxed with respect to the Restricted Stock as of the date of transfer of the
Restricted Stock rather than as of the date or dates upon which the Participant would otherwise be taxable under Section 83(a) of the
Code, the Participant shall be required to deliver a copy of such election to the Company promptly after filing such election with the
Internal Revenue Service along with proof of the timely filing thereof with the Internal Revenue Service.

 

    11

     

    

 

ARTICLE 8. AWARD OF RESTRICTED STOCK UNITS

 

8.1 Grant of Restricted Stock Units. The
Administrator is authorized to grant Awards of Restricted Stock Units to any Eligible Individual selected by the Administrator in such
amounts and subject to such terms and conditions as determined by the Administrator. A Participant will have no rights of a stockholder
with respect to Shares subject to any Restricted Stock Unit unless and until the Shares are delivered in settlement of the Restricted
Stock Unit.

 

8.2 Vesting of Restricted Stock Units. At
the time of grant, the Administrator shall specify the date or dates on which the Restricted Stock Units shall become fully vested and
nonforfeitable, and may specify such conditions to vesting as it deems appropriate, including, without limitation, vesting based upon
the Participant’s duration of service to the Company or any Subsidiary, or vesting based on achievement of one or more Performance
Goals, in each case on a specified date or dates or over any period or periods, as determined by the Administrator. By action taken after
the Restricted Stock Units are granted, the Administrator may, on such terms and conditions as it may determine to be appropriate, accelerate
the vesting of such Restricted Stock Units by removing any or all of the restrictions imposed by the terms of the applicable Award Agreement.

 

8.3 Settlement and Payment. At the time of
grant, the Administrator shall specify the settlement date applicable to each grant of Restricted Stock Units, which shall be no earlier
than the vesting date or dates of the Award and may be determined at the election of the Participant (if permitted by the applicable
Award Agreement and subject to compliance with Section 409A to the extent applicable). On the settlement date, the Company shall, in
accordance with the applicable Award Agreement and subject to Section 10.4(f), transfer to the Participant one unrestricted, fully transferable
Share for each Restricted Stock Unit scheduled to be paid out on such date and not previously forfeited, or in the sole discretion of
the Administrator, an amount in cash equal to the Fair Market Value of such Shares on the settlement date or a combination of cash and
Shares as determined by the Administrator.

 

8.4 Payment upon Termination of Service.
An Award of Restricted Stock Units shall only be payable while the Participant is an Employee, a Non-Employee Director or a
Consultant; provided, however, that the Administrator, in its sole discretion, may provide (in an Award Agreement or
otherwise) that a Restricted Stock Unit award may be paid subsequent to a Termination of Service in certain events, including a
Change in Control, the Participant’s death, retirement or disability or any other specified Termination of Service.

 

ARTICLE 9. AWARD OF OTHER STOCK OR CASH
BASED AWARDS AND DIVIDEND EQUIVALENTS

 

9.1 Other Stock or Cash Based Awards. The
Administrator is authorized to grant Other Stock or Cash Based Awards, including awards entitling a Participant to receive Shares or
cash to be delivered immediately or in the future, to any Eligible Individual. Subject to the provisions of the Plan, the Administrator
shall determine the terms and conditions of each Other Stock or Cash Based Award, including the term of the Award, any exercise or purchase
price, any Performance Criteria and Performance Goals, transfer restrictions, vesting conditions and other terms and conditions applicable
thereto, which shall be set forth in the applicable Award Agreement. Other Stock or Cash Based Awards may be paid in cash, Shares, or
a combination of cash and Shares, as determined by the Administrator, and may be available as a form of payment in the settlement of
other Awards granted under the Plan, as stand-alone payments, as a part of a bonus, deferred bonus, deferred compensation or other arrangement,
and/or as payment in lieu of compensation to which an Eligible Individual is otherwise entitled. Except in connection with a spin-off
or other similar event or as otherwise permitted under Section 12.2, dividends which are paid prior to vesting of shares of any Other
Stock or Cash Based Award shall only be paid out to the Participant to the extent that the vesting conditions are subsequently satisfied
and the share of Restricted Stock vests.

 

    12

     

    

 

9.2 Dividend Equivalents and Dividends. Dividend
Equivalents may be granted by the Administrator, either alone or in tandem with another Award, based on dividends declared with respect
to Shares, to be credited or paid, as determined by the Administrator, as of dividend payment dates during the period between the date
the Dividend Equivalents are granted to a Participant and the date such Dividend Equivalents terminate or expire, as determined by the
Administrator. Such Dividend Equivalents shall be converted to cash or additional Shares by such formula and at such time and subject
to such restrictions and limitations as may be determined by the Administrator.

 

ARTICLE 10. ADDITIONAL TERMS OF AWARDS

 

10.1 Payment. The Administrator shall
determine the method or methods by which payments by any Participant with respect to any Awards granted under the Plan shall be
made, including, without limitation: (a) cash, wire transfer of immediately available funds or check, (b) Shares (including, in the
case of payment of the exercise price of an Award, Shares issuable pursuant to the exercise of the Award) or Shares held for such
minimum period of time as may be established by the Administrator, in each case, having a Fair Market Value on the date of delivery
equal to the aggregate payments required, (c) delivery of a written or electronic notice that the Participant has placed a market
sell order with a broker acceptable to the Company with respect to Shares then issuable upon exercise or vesting of an Award, and
that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the
aggregate payments required; provided that payment of such proceeds is then made to the Company upon settlement of such
sale, (d) other form of legal consideration acceptable to the Administrator in its sole discretion, or (e) any combination of the
above permitted forms of payment. Notwithstanding any other provision of the Plan to the contrary, no Participant who is a Director
or an “executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act shall be permitted to
make payment with respect to any Awards granted under the Plan, or continue any extension of credit with respect to such payment,
with a loan from the Company or a loan arranged by the Company in violation of Section 13(k) of the Exchange Act.

 

10.2 Tax Withholding. The Company or any
Subsidiary shall have the authority and the right to deduct or withhold from any payment of any kind otherwise due to a Participant,
or require a Participant to remit to the Company, an amount sufficient to satisfy U.S. federal, state, local and Non-U.S. taxes (including
the Participant’s FICA, employment tax or other social security contribution obligation) required or permitted by law to be withheld
with respect to any taxable event concerning a Participant arising as a result of the Plan or any Award. The Administrator may, in its
sole discretion and in satisfaction of the foregoing requirement, allow a Participant to satisfy such obligations by any payment means
described in Section 10.1 hereof, including without limitation, by allowing such Participant to elect to have the Company withhold Shares
otherwise issuable under an Award (or allow the surrender of Shares). The number of Shares which may be so withheld or surrendered shall
be limited to the number of Shares that have a fair market value on the date of withholding or repurchase no greater than the aggregate
amount of such liabilities based on the maximum statutory withholding rates in such Participant’s applicable jurisdictions for
U.S. federal, state, local and Non-U.S. income tax and payroll tax purposes that are applicable to such taxable income (or such other
rate as may be required to avoid adverse accounting consequences). The Administrator shall determine the fair market value of the Shares,
consistent with applicable provisions of the Code and other Applicable Law, for tax withholding obligations due in connection with a
broker-assisted cashless Option or Stock Appreciation Right exercise involving the sale of Shares to pay the Option or Stock Appreciation
Right exercise price or for purposes of any other tax withholding or reporting obligation.

 

    13

     

    

 

10.3 Transferability of Awards.

 

(a) Except as otherwise provided in Section 10.3(b):

 

(i) No Award under the Plan may be sold, pledged,
assigned or transferred in any manner other than by will or the laws of descent and distribution;

 

(ii) No Award or interest or right therein shall
be liable for or otherwise subject to the debts, contracts or engagements of the Participant or the Participant’s successors in
interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, hypothecation, encumbrance, assignment or
any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment
or any other legal or equitable proceedings (including bankruptcy) unless and until such Award has been exercised, or the Shares underlying
such Award have been issued, and all restrictions applicable to such Shares have lapsed, and any attempted disposition of an Award prior
to satisfaction of these conditions shall be null and void and of no effect, except to the extent that such disposition is permitted
by Section 10.3(a)(i); and

 

(iii) During the lifetime of the Participant, only
the Participant may exercise any exercisable portion of an Award granted to such Participant under the Plan. After the death of the Participant,
any exercisable portion of an Award may, prior to the time when such portion becomes unexercisable under the Plan or the applicable Award
Agreement, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased Participant’s
will or under the then-applicable laws of descent and distribution.

 

(b) Notwithstanding Section 10.3(a), the Administrator,
in its sole discretion, may determine to permit a Participant or a Permitted Transferee of such Participant to transfer an Award to any
one or more Permitted Transferees of such Participant, subject to the following terms and conditions: (i) an Award transferred to a Permitted
Transferee shall not be assignable or transferable by the Permitted Transferee other than (A) to another Permitted Transferee of the
applicable Participant or (B) by will or the laws of descent and distribution or, subject to the consent of the Administrator; (ii) an
Award transferred to a Permitted Transferee shall continue to be subject to all of the terms and conditions of the Award as applicable
to the original Participant (other than the ability to further transfer the Award to any person other than another Permitted Transferee
of the applicable Participant); (iii) the Participant (or transferring Permitted Transferee) and the receiving Permitted Transferee shall
execute any and all documents requested by the Administrator, including, without limitation documents to (A) confirm the status of the
transferee as a Permitted Transferee, (B) satisfy any requirements for an exemption for the transfer under Applicable Law and (C) evidence
the transfer; and (iv) the transfer of an Award to a Permitted Transferee shall be without consideration. Notwithstanding the foregoing,
in no event may a Participant or a Permitted Transferee who is subject to Australian income taxation transfer an Award as provided in
this Section 10.3(b).

 

10.4 Conditions to Issuance of Shares.

 

(a) The
Administrator shall determine the methods by which Shares shall be delivered or deemed to be delivered to Participants.
Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any certificates or make any
book entries evidencing Shares pursuant to the exercise of any Award, unless and until the Administrator has determined that the
issuance of such Shares is in compliance with all Applicable Laws and the Shares are covered by an effective registration statement
or applicable exemption from registration. In addition to the terms and conditions provided herein, the Administrator may require
that a Participant make such reasonable covenants, agreements and representations as the Administrator, in its sole discretion,
deems advisable in order to comply with Applicable Law. The inability or impracticability of the Company to obtain or maintain
authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to
the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue
or sell such Shares as to which such requisite authority shall not have been obtained, and shall constitute circumstances in which
the Administrator may determine to amend or cancel Awards pertaining to such Shares, with or without consideration to the
Participant.

 

    14

     

    

 

(b) All share certificates delivered pursuant to
the Plan and all Shares issued pursuant to book entry procedures are subject to any stop-transfer orders and other restrictions as the
Administrator deems necessary or advisable to comply with Applicable Law. The Administrator may place legends on any share certificate
or book entry to reference restrictions applicable to the Shares (including, without limitation, restrictions applicable to Restricted
Stock).

 

(c) The Administrator shall have the right to require
any Participant to comply with any timing or other restrictions with respect to the settlement, distribution or exercise of any Award,
including a window-period limitation, as may be imposed in the sole discretion of the Administrator.

 

(d) Unless the Administrator otherwise determines,
no fractional Shares shall be issued and the Administrator, in its sole discretion, shall determine whether cash shall be given in lieu
of fractional Shares or whether such fractional Shares shall be eliminated by rounding down.

 

(e) The Company, in its sole discretion, may (i)
retain physical possession of any stock certificate evidencing Shares until any restrictions thereon shall have lapsed and/or (ii) require
that the stock certificates evidencing such Shares be held in custody by a designated escrow agent (which may but need not be the Company)
until the restrictions thereon shall have lapsed, and that the Participant deliver a stock power, endorsed in blank, relating to such
Shares.

 

(f)  Notwithstanding any other provision of
the Plan, unless otherwise determined by the Administrator or required by Applicable Law, the Company shall not deliver to any Participant
certificates evidencing Shares issued in connection with any Award and instead such Shares shall be recorded in the books of the Company
(or, as applicable, its transfer agent or stock plan administrator).

 

10.5 Malus, Forfeiture and Clawback. All
Awards (including any proceeds, gains or other economic benefit actually or constructively received by a Participant upon any receipt
or exercise of any Award or upon the receipt or resale of any Shares underlying the Award) may be subject to forfeiture and/or repayment
to the Company where: (a) in the sole discretion of the Administrator, a Participant (i) acts, or has acted, fraudulently or dishonestly
or made a material misstatement on behalf of the Company and its affiliates; (ii) is in material breach of any of his or her duties or
obligations to the Company and its affiliates, including any applicable post-employment obligations; (iii) has engaged in serious misconduct
or gross negligence (including recklessness or wilful indifference) or (iv) is convicted of an offence or has a judgment entered against
them in connection with the affairs of the Company and its affiliates; (b) there is a material misstatement in, or omission from, the
Company’s financial statements, or a misstatement concerning the satisfaction of a Performance Criteria applicable to an Award
(in each case whether intentional or inadvertent), which results in a Participant obtaining an Award or an Award vesting, where, in the
sole discretion of the Administrator, such Award would not have been obtained or vested, but for that misstatement or omission; (c) all
or part of the initial Award is no longer justified having regard to information or circumstances which have come to light after a grant
of an Award under the Plan was made; (d) required to comply with applicable laws and/or the rules and regulations of the securities exchange
or inter-dealer quotation system on which Shares are listed or quoted, including, without limitation, pursuant to Section 954 of the
Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, and/or (e) under the terms of any policy, guideline or Board committee
charter adopted by the Company as may be amended from time to time for reasons related to fraud prevention, governance, avoidance of
monetary or reputational damage to the Company and its affiliates or similar considerations, whether or not such policy or guideline
was in place at the time of grant of an Award (and such requirements shall be deemed incorporated into this Plan without the consent
of Participant).

 

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10.6 Prohibition on Repricing. Subject to
Section 12.2, the Administrator shall not, without the approval of the stockholders of the Company, (a) authorize the amendment of any
outstanding Option or Stock Appreciation Right to reduce its price per Share, (b) cancel any Option or Stock Appreciation Right in exchange
for cash or another Award when the Option or Stock Appreciation Right price per Share exceeds the Fair Market Value of the underlying
Shares, or (c) cancel an Option or Stock Appreciation Right in exchange for an Option or Stock Appreciation Right with a lower exercise
price than such original Option or Stock Appreciation Right.

 

10.7 Amendment of Awards. Subject to Applicable
Law and Section 10.6 above, the Administrator may amend, modify or terminate any outstanding Award, including but not limited to, substituting
therefor another Award of the same or a different type or changing the date of vesting, exercise or settlement. The Participant’s
consent to such action shall be required unless (a) the Administrator determines that the action, taking into account any related action,
would not materially and adversely affect the Participant, or (b) the change is otherwise permitted under the Plan (including, without
limitation, under Section 12.2, 12.7 or 12.10).

 

ARTICLE 11. ADMINISTRATION

 

11.1 Administrator. The Committee shall administer
the Plan (except as otherwise permitted herein). To the extent required to comply with the provisions of Rule 16b-3, it is
intended that each member of the Committee will be, at the time the Committee takes any action with respect to an Award that is subject
to Rule 16b-3, a “non-employee director” within the meaning of Rule 16b-3. Additionally, to
the extent required by Applicable Law, each of the individuals constituting the Committee shall be an “independent director”
under the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or traded. However, any
action taken by the Committee shall be valid and effective, whether or not members of the Committee at the time of such action are later
determined not to have satisfied the requirements for membership set forth in this Section 11.1 or the Organizational Documents.
Notwithstanding the foregoing, (i) the full Board, acting by a majority of its members in office, shall conduct the general administration
of the Plan with respect to Awards granted to Non-Employee Directors and, with respect to such Awards, the term “Administrator”
as used in the Plan shall be deemed to refer to the Board and (ii) the Board or Committee may delegate its authority hereunder to
the extent permitted by Section 11.6.

 

11.2 Duties and Powers of Administrator.
It shall be the duty of the Administrator to conduct the general administration of the Plan in accordance with its provisions. The
Administrator shall have the power to interpret the Plan and all Award Agreements, and to adopt such rules for the administration,
interpretation and application of the Plan as are not inconsistent with the Plan, to interpret, amend or revoke any such rules and
to amend the Plan or any Award Agreement; provided that the rights or obligations of the Participant of the Award that
is the subject of any such Award Agreement are not materially and adversely affected by such amendment, unless the consent of the
Participant is obtained or such amendment is otherwise permitted under the Plan, including, without limitation, under
Section 12.2, Section 12.7 or Section 12.10. In its sole discretion, the Board may at any time and from time to time
exercise any and all rights and duties of the Committee in its capacity as the Administrator under the Plan except with respect to
matters which under Rule 16b-3 under the Exchange Act or any successor rule, or any regulations or rules issued
thereunder, or the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or traded
are required to be determined in the sole discretion of the Committee.

 

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11.3 Action by the Administrator. Unless
otherwise established by the Board, set forth in any Organizational Documents or as required by Applicable Law, a majority of the Administrator
shall constitute a quorum and the acts of a majority of the members present at any meeting at which a quorum is present, and acts approved
in writing by all members of the Administrator in lieu of a meeting, shall be deemed the acts of the Administrator. Each member of the
Administrator is entitled to, in good faith, rely or act upon any report or other information furnished to that member by any officer
or other employee of the Company or any Subsidiary, the Company’s independent certified public accountants, or any executive compensation
consultant or other professional retained by the Company to assist in the administration of the Plan. Neither the Administrator nor any
member or delegate thereof shall have any liability to any person (including any Participant) for any action taken or omitted to be taken
or any determination made in good faith with respect to the Plan or any Award.

 

11.4 Authority of Administrator. Subject
to the Organizational Documents, any specific designation in the Plan and Applicable Law, the Administrator has the exclusive power,
authority and sole discretion to:

 

(a) Designate Eligible Individuals to receive Awards;

 

(b) Determine the type or types of Awards to be
granted to each Eligible Individual (including, without limitation, any Awards granted in tandem with another Award granted pursuant
to the Plan);

 

(c) Determine the number of Awards to be granted
and the number of Shares to which an Award will relate;

 

(d) Determine the terms and conditions of any Award
granted pursuant to the Plan, including, but not limited to, the exercise price, grant price, purchase price, any Performance Criteria
and/or Performance Goals, any restrictions or limitations on the Award, any schedule for vesting, lapse of forfeiture restrictions or
restrictions on the exercisability of an Award, and accelerations or waivers thereof, and any provisions related to non-competition and
clawback and recapture of gain on an Award, based in each case on such considerations as the Administrator in its sole discretion determines;

 

(e) 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 canceled, forfeited, or surrendered;

 

(f)  Prescribe the form of each Award Agreement,
which need not be identical for each Participant;

 

(g) Decide all other matters that must be determined
in connection with an Award;

 

(h) Establish, adopt, or revise any policies, rules
and regulations as it may deem necessary or advisable to administer the Plan;

 

(i) Interpret the terms of, and any matter arising
pursuant to, the Plan, any policy or any Award Agreement;

 

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(j) Accelerate wholly or partially the vesting or
lapse of restrictions of any Award or portion thereof at any time after the grant of an Award, pursuant to any terms and conditions it
selects, subject to Section 12.2; and

 

(k) Make all other decisions and determinations
that may be required pursuant to the Plan or as the Administrator deems necessary or advisable to administer the Plan.

 

11.5 Decisions Binding. The Administrator’s
interpretation of the Plan, any Awards granted pursuant to the Plan and any Award Agreement and all decisions and determinations by the
Administrator with respect to the Plan are final, binding and conclusive on all persons.

 

11.6 Delegation of Authority. The Board
or Committee may from time to time delegate to a committee of one or more Directors or one or more officers of the Company the
authority to grant or amend Awards or to take other administrative actions pursuant to this Article 11; provided, however,
that in no event shall an officer of the Company be delegated the authority to grant Awards to, or amend Awards held by, the
following individuals: (a) individuals who are subject to Section 16 of the Exchange Act, or (b) officers of the
Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder; provided, further,
that any delegation of administrative authority shall only be permitted to the extent it is permissible under any Organizational
Documents and Applicable Law. Any delegation hereunder shall be subject to the restrictions and limits that the Board or Committee
specifies at the time of such delegation or that are otherwise included in the applicable Organizational Documents, and the Board or
Committee, as applicable, may at any time rescind the authority so delegated or appoint a new delegate. At all times, the delegate
appointed under this Section 11.6 shall serve in such capacity at the pleasure of the Board or the Committee, as applicable,
and the Board or the Committee may abolish any committee at any time and re-vest in itself any previously delegated
authority.

 

ARTICLE 12. MISCELLANEOUS PROVISIONS

 

12.1 Amendment, Suspension or Termination of
the Plan.

 

(a) Except as otherwise provided in Section
12.1(b), the Plan may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time
by the Board; provided that, except as provided in Section 10.7, no amendment, suspension or termination of the Plan
shall, without the consent of the Participant, materially and adversely affect any rights or obligations under any Award theretofore
granted or awarded, unless the Award itself otherwise expressly so provides.

 

(b) Notwithstanding Section 12.1(a), the Board may
not, except as provided in Section 12.2, take any of the following actions without approval of the Company’s stockholders given
within the timeframe required by Applicable Law: (i) increase the Share Limit imposed in Section 3.1 on the maximum number of Shares
which may be issued under the Plan; (ii) reduce the price per share of any outstanding Option or Stock Appreciation Right granted under
the Plan or take any action prohibited under Section 10.6; (iii) cancel any Option or Stock Appreciation Right in exchange for cash or
another Award in violation of Section 10.6; or (iv) effect any other material amendment of the Plan that would require stockholder approval
under the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or traded or under any
other Applicable Law.

 

(c) No Awards may be granted or awarded during any
period of suspension or after termination of the Plan. The Plan shall remain in effect until it is terminated under Section 12.1(a).
Any Awards that are outstanding on the date that the Plan is terminated shall remain in force according to the terms of the Plan and
the applicable Award Agreement.

 

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12.2 Changes in Common Stock or Assets of the
Company, Acquisition or Liquidation of the Company, Change in Control and Other Corporate Events.

 

(a) In the event of any stock dividend, stock split,
combination or exchange of shares, merger, consolidation or other distribution (other than normal cash dividends) of Company assets to
stockholders, or any other change affecting the shares of the Company’s stock or the share price of the Company’s stock other
than an Equity Restructuring, the Administrator may make equitable adjustments to reflect an economic position that is the same as, or
substantially similar to, the economic position a Participant would have been in immediately prior to such Equity Restructuring, if any,
to reflect such change with respect to: (i) the aggregate number and kind of Shares that may be issued under the Plan (including, but
not limited to, adjustments of the limitations in Section 3.1 on the maximum number and kind of Shares which may be issued under the
Plan); (ii) the number and kind of Shares (or other securities or property) subject to outstanding Awards; (iii) the terms and conditions
of any outstanding Awards (including, without limitation, any applicable Performance Goals or Performance Criteria with respect thereto);
and (iv) the grant or exercise price per share for any outstanding Awards under the Plan.

 

(b) In the event of any transaction or event described
in Section 12.2(a) or any unusual or nonrecurring transactions or events affecting the Company, any Subsidiary of the Company, or the
financial statements of the Company or any Subsidiary, or of changes in Applicable Law or Applicable Accounting Standards, the Administrator,
in its sole discretion, and on such terms and conditions as it deems appropriate, either by the terms of the Award or by action taken
prior to the occurrence of such transaction or event, is hereby authorized to take any one or more of the following actions whenever
the Administrator determines that such action is appropriate in order to prevent dilution or enlargement of the benefits or potential
benefits intended to be made available under the Plan or with respect to any Award under the Plan, to facilitate such transactions or
events or to give effect to such changes in Applicable Law or Applicable Accounting Standards:

 

(i) To provide for the termination of
any such Award in exchange for an amount of cash and/or other property with a value equal to the amount that would have been attained
upon the exercise of such Award or realization of the Participant’s rights (and, for the avoidance of doubt, if as of the date
of the occurrence of the transaction or event described in this Section 12.2 the Administrator determines in good faith that no amount
would have been attained upon the exercise of such Award or realization of the Participant’s rights, then such Award may be terminated
by the Company without payment);

 

(ii) To provide that such Award be assumed
by the successor or survivor corporation, or a parent or subsidiary thereof, or shall be substituted for by similar options, rights or
awards covering the stock of the successor or survivor corporation, or a parent or subsidiary thereof, with appropriate adjustments as
to the number and kind of shares and applicable exercise or purchase price, in all cases, as determined by the Administrator;

 

(iii) To make adjustments in the number
and type of Shares of the Company’s stock (or other securities or property) subject to outstanding Awards, and/or in the terms
and conditions of (including the grant or exercise price), and the criteria included in, outstanding Awards and Awards which may be granted
in the future;

 

(iv)  To provide that such Award
shall be exercisable or payable or fully vested with respect to all Shares covered thereby, notwithstanding anything to the contrary
in the Plan or the applicable Award Agreement;

 

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(v) To replace such Award with other rights
or property selected by the Administrator; and/or

 

(vi)  To provide that the Award cannot
vest, be exercised or become payable after such event.

 

(c) In connection with the occurrence of any Equity
Restructuring, and notwithstanding anything to the contrary in Section 12.2(a) and Section 12.2(b):

 

(i) The number and type of securities
subject to each outstanding Award and the exercise price or grant price thereof, if applicable, shall be equitably adjusted (and the
adjustments provided under this Section 12.2(c)(i) shall be nondiscretionary and shall be final and binding on the affected Participant
and the Company); and/or

 

(ii) The Administrator shall make such
equitable adjustments, if any, as the Administrator, in its sole discretion, may deem appropriate to reflect such Equity Restructuring
with respect to the aggregate number and kind of Shares that may be issued under the Plan (including, but not limited to, adjustments
of the limitation in Section 3.1 on the maximum number and kind of Shares which may be issued under the Plan).

 

(d) Notwithstanding any other provision of the Plan
and except as otherwise set forth in an Award Agreement, in the event of a Change in Control, unless outstanding Awards are assumed by
the successor corporation (or parent thereof) or replaced with a comparable award for shares of the capital stock of the successor corporation
(or parent thereof), then immediately prior to the Change in Control such outstanding Awards shall automatically become fully vested
and exercisable for all of the Shares at the time subject to such Awards, all forfeiture restrictions on such Awards shall lapse and
all Performance Goals with respect to any outstanding Award shall be deemed met at the applicable target level or to such other degree
as may be provided in a Participant’s Award Agreement or in such other written agreement entered into between the Company and a
Participant. Upon, or in anticipation of, a Change in Control in which outstanding Awards will not be assumed or replaced as described
above in this Section 12.2(d), the Administrator may cause any and all Awards outstanding hereunder to terminate at a specific time in
the future, including but not limited to the date of such Change in Control, and shall give each Participant the right to exercise such
Awards during a period of time as the Administrator, in its sole and absolute discretion, shall determine. The determination of Award
comparability shall be made by the Administrator, and its determination shall be final, binding and conclusive.

 

(e) The Administrator, in its sole discretion, may
include such further provisions and limitations in any Award, agreement or certificate, as it may deem equitable and in the best interests
of the Company that are not inconsistent with the provisions of the Plan.

 

(f)  Unless otherwise determined by the Administrator,
no adjustment or action described in this Section 12.2 or in any other provision of the Plan shall be authorized to the extent it would
(i) result in short-swing profits liability under Section 16 of the Exchange Act or violate the exemptive conditions of Rule 16b-3 of
the Exchange Act; or (ii) cause an Award to fail to be exempt from or comply with Section 409A.

 

(g) The existence of the Plan, any Award Agreement
and/or the Awards granted hereunder shall not affect or restrict in any way the right or power of the Company or the stockholders of
the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital structure
or its business, any merger or consolidation of the Company, any issue of stock or of options, warrants or rights to purchase stock or
of bonds, debentures, preferred or prior preference stocks whose rights are superior to or affect the Shares or the rights thereof or
which are convertible into or exchangeable for Shares, or the dissolution or liquidation of the Company, or any sale or transfer of all
or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

 

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(h) In the event of any pending stock dividend,
stock split, combination or exchange of shares, merger, consolidation or other distribution (other than normal cash dividends) of Company
assets to stockholders, or any other change affecting the Shares or the share price of the Shares including any Equity Restructuring,
for reasons of administrative convenience, the Administrator, in its sole discretion, may refuse to permit the exercise of any Award
during a period of up to thirty (30) days prior to the consummation of any such transaction.

 

12.3 Approval of Plan by Stockholders.
The Plan shall be submitted for the approval of the Company’s stockholders to the extent and by the time required by any
Applicable Law. Awards may be granted or awarded prior to any such stockholder approval; provided that to the extent
that stockholder approval is required by an Applicable Law, such Awards shall not be exercisable, shall not vest and the
restrictions thereon shall not lapse and no Shares shall be issued pursuant thereto prior to the time when any such required
approval is obtained, and if such approval is not obtained, all Awards previously granted or awarded under the Plan for which such
approval was required shall thereupon be canceled and become null and void. Without limiting the foregoing, any amendments to the
Plan shall be subject to stockholder approval to the extent provided in Section 12.1(b) above.

 

12.4 No Stockholders Rights. Except as otherwise
provided herein or in an applicable Award Agreement, a Participant shall have none of the rights of a stockholder with respect to Shares
covered by any Award until the Participant becomes the record owner of such Shares.

 

12.5 Paperless Administration. In the event
that the Company establishes, for itself or using the services of a third party, an automated system for the documentation, granting
or exercise of Awards, such as a system using an internet website or interactive voice response, then the paperless documentation, granting
or exercise of Awards by a Participant may be permitted through the use of such an automated system.

 

12.6 Effect of Plan upon Other Compensation Plans.
The adoption of the Plan shall not affect any other compensation or incentive plans in effect for the Company or any Subsidiary. Nothing
in the Plan shall be construed to limit the right of the Company or any Subsidiary: (a) to establish any other forms of incentives
or compensation for Employees, Directors or Consultants of the Company or any Subsidiary, or (b) to grant or assume options or other
rights or awards otherwise than under the Plan in connection with any proper corporate purpose including without limitation, the grant
or assumption of options in connection with the acquisition by purchase, lease, merger, consolidation or otherwise, of the business,
stock or assets of any corporation, partnership, limited liability company, firm or association.

 

12.7 Compliance with Laws. The Plan, the
granting and vesting of Awards under the Plan and the issuance and delivery of Shares and the payment of money under the Plan or under
Awards granted or awarded hereunder are subject to compliance with all Applicable Law (including but not limited to U.S. state, federal
and Non-U.S. securities law and margin requirements), and to such approvals by any listing, regulatory or governmental authority as may,
in the opinion of counsel for the Company, be necessary or advisable in connection therewith. Any securities delivered under the Plan
shall be subject to such restrictions, and the person acquiring such securities shall, if requested by the Company, provide such assurances
and representations to the Company as the Company may deem necessary or desirable to assure compliance with all Applicable Law. The Administrator,
in its sole discretion, may take whatever actions it deems necessary or appropriate to effect compliance with Applicable Law, including,
without limitation, placing legends on share certificates and issuing stop-transfer notices to agents and registrars. To the extent permitted
by Applicable Law, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to Applicable
Law.

 

    21

     

    

 

12.8 Titles and Headings, References to Sections
of the Code or Exchange Act. The titles and headings of the Sections in the Plan are for convenience of reference only and, in the
event of any conflict, the text of the Plan, rather than such titles or headings, shall control. References to sections of the Code or
the Exchange Act shall include any amendment or successor thereto.

 

12.9 Governing Law. The Plan and any Award
Agreements hereunder shall be administered, interpreted and enforced under the internal laws of the State of Delaware without regard
to conflicts of laws thereof or of any other jurisdiction.

 

12.10 Section 409A. To the extent that the
Administrator determines that any Award granted under the Plan is subject to Section 409A, the Plan and the Award Agreement evidencing
such Award shall incorporate the terms and conditions required by Section 409A. In that regard, to the extent any Award under the Plan
or any other compensatory plan or arrangement of the Company or any of its Subsidiaries is subject to Section 409A, and such Award or
other amount is payable on account of a Participant’s Termination of Service (or any similarly defined term), then (a) such Award
or amount shall only be paid to the extent such Termination of Service qualifies as a “separation from service” as defined
in Section 409A, and (b) if such Award or amount is payable to a “specified employee” as defined in Section 409A then, to
the extent required in order to avoid a prohibited distribution under Section 409A, such Award or other compensatory payment shall not
be payable prior to the earlier of (i) the expiration of the six-month period measured from the date of the Participant’s
Termination of Service, or (ii) the date of the Participant’s death. To the extent applicable, the Plan and any Award Agreements
shall be interpreted in accordance with Section 409A. Notwithstanding any provision of the Plan to the contrary, in the event that, following
the Effective Date the Administrator determines that any Award may be subject to Section 409A, the Administrator may (but is not obligated
to), without a Participant’s consent, adopt such amendments to the Plan and the applicable Award Agreement or adopt other policies
and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Administrator
determines are necessary or appropriate to (A) exempt the Award from Section 409A and/or preserve the intended tax treatment of the benefits
provided with respect to the Award, or (B) comply with the requirements of Section 409A and thereby avoid the application of any penalty
taxes under Section 409A. The Company makes no representations or warranties as to the tax treatment of any Award under Section
409A or otherwise. The Company shall have no obligation under this Section 12.10 or otherwise to take any action (whether or not described
herein) to avoid the imposition of taxes, penalties or interest under Section 409A with respect to any Award and shall have no liability
to any Participant or any other person if any Award, compensation or other benefits under the Plan are determined to constitute non-compliant,
“nonqualified deferred compensation” subject to the imposition of taxes, penalties and/or interest under Section 409A.

 

12.11 Unfunded Status of Awards. The Plan
is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant
pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than
those of a general creditor of the Company or any Subsidiary.

 

12.12 Relationship to Other Benefits. No
payment pursuant to the Plan shall be taken into account in determining any benefits under any pension, retirement, savings, profit sharing,
group insurance, welfare or other benefit plan of the Company or any Subsidiary except to the extent otherwise expressly provided in
writing in such other plan or an agreement thereunder.

 

12.13 Expenses. The expenses of administering
the Plan shall be borne by the Company and its Subsidiaries.

 

 

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