Document:

Exhibit
10.1

 

INDEMNIFICATION
AGREEMENT

 

This
Indemnification Agreement (“Agreement”) is made as of ______ __, 20__ by and between Trio Petroleum Corp.., a Delaware corporation
(the “Company”), and __________, [a member of the Board of Directors/ an officer] of the Company (“Indemnitee”).
This Agreement supersedes and replaces any and all previous Agreements between the Company and Indemnitee covering indemnification and
advancement.

 

RECITALS

 

WHEREAS,
the Board of Directors of the Company (the “Board”) believes that highly competent persons have become more reluctant to
serve publicly-held corporations as directors, officers, or in other capacities unless they are provided with adequate protection through
insurance or adequate indemnification and advancement of expenses against inordinate risks of claims and actions against them arising
out of their service to and activities on behalf of the corporation;

 

WHEREAS,
the Board has determined that, in order to attract and retain qualified individuals, the Company will attempt to maintain on an ongoing
basis, at its sole expense, liability insurance to protect persons serving the Company and its subsidiaries from certain liabilities.
Although the furnishing of such insurance has been a customary and widespread practice among United States-based corporations and other
business enterprises, the Company believes that, given current market conditions and trends, such insurance may be available to it in
the future only at higher premiums and with more exclusions. At the same time, directors, officers, and other persons in service to corporations
or business enterprises are being increasingly subjected to expensive and time-consuming litigation relating to, among other things,
matters that traditionally would have been brought only against the Company or business enterprise itself. The Amended and Restated Bylaws
of the Company (the “Bylaws”) require indemnification of the officers and directors of the Company. Indemnitee may also be
entitled to indemnification pursuant to the General Corporation Law of the State of Delaware (the “DGCL”). The Bylaws and
the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate that contracts
may be entered into between the Company and members of the board of directors, officers and other persons with respect to indemnification
and advancement of expenses;

 

WHEREAS,
the uncertainties relating to such insurance, to indemnification, and to advancement of expenses may increase the difficulty of attracting
and retaining such persons;

 

WHEREAS,
the Board has determined that the increased difficulty in attracting and retaining such persons is detrimental to the best interests
of the Company and its stockholders and that the Company should act to assure such persons that there will be increased certainty of
such protection in the future;

 

WHEREAS,
it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf
of, such persons to the fullest extent permitted by applicable law so that they will serve or continue to serve the Company free from
undue concern that they will not be so indemnified;

 

WHEREAS,
this Agreement is a supplement to and in furtherance of the Bylaws and any resolutions adopted pursuant thereto, and is not a substitute
therefor, nor diminishes or abrogates any rights of Indemnitee thereunder; and

 

WHEREAS,
Indemnitee does not regard the protection available under the Bylaws, DGCL and insurance as adequate in the present circumstances, and
may not be willing to serve or continue to serve as an officer or director without adequate additional protection, and the Company desires
Indemnitee to serve or continue to serve in such capacity. Indemnitee is willing to serve, continue to serve and to take on additional
service for or on behalf of the Company on the condition that Indemnitee be so indemnified and be advanced expenses.

 

NOW,
THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree
as follows:

 

Section
1. Services to the Company. Indemnitee agrees to serve as a [director/officer] of the Company. Indemnitee may at any time and
for any reason resign from such position (subject to any other contractual obligation or any obligation imposed by operation of law).
This Agreement does not create any obligation on the Company to continue Indemnitee in such position and is not an employment contract
between the Company (or any of its subsidiaries or any Enterprise) and Indemnitee.

 

    	 

     

    

 

Section
2. Definitions. As used in this Agreement:

 

(a)
“Agent” means any person who is authorized by the Company or an Enterprise to act for or represent the interests of the Company
or an Enterprise, respectively.

 

(b)
A “Change in Control” occurs upon the earliest to occur after the date of this Agreement of any of the following events:

 

i.
Acquisition of Stock by Third Party. Any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or
indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s
then outstanding securities unless the change in relative beneficial ownership of the Company’s securities by any Person results
solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors;

 

ii.
Change in Board of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this
Agreement), individuals who at the beginning of such period constitute the Board, and any new director (other than a director designated
by a person who has entered into an agreement with the Company to effect a transaction described in Sections 2(b)(i), 2(b)(iii) or 2(b)(iv))
whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds
of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election
was previously so approved, cease for any reason to constitute at least a majority of the members of the Board;

 

iii.
Corporate Transactions. The effective date of a merger or consolidation of the Company with any other entity, other than a merger or
consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation
continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than
50% of the combined voting power of the voting securities of the surviving entity outstanding immediately after such merger or consolidation
and with the power to elect at least a majority of the board of directors or other governing body of such surviving entity;

 

iv.
Liquidation. The approval by the stockholders of the Company of a complete liquidation of the Company or an agreement for the sale or
disposition by the Company of all or substantially all of the Company’s assets; and

 

v.
Other Events. There occurs any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A
of Regulation 14A (or a response to any similar item on any similar schedule or form) promulgated under the Exchange Act (as defined
below), whether or not the Company is then subject to such reporting requirement.

 

vi.
For purposes of this Section 2(b), the following terms have the following meanings:

 

	 	1	“Exchange
    Act” means the Securities Exchange Act of 1934, as amended from time to time.
	 	 	 
	 	2	“Person”
    has the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act; provided, however, that Person excludes (i) the Company,
    (ii) any trustee or other fiduciary holding securities under an employee benefit plan of the Company, and (iii) any corporation owned,
    directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the
    Company.
	 	 	 
	 	3	“Beneficial
    Owner” has the meaning given to such term in Rule 13d-3 under the Exchange Act; provided, however, that Beneficial Owner excludes
    any Person otherwise becoming a Beneficial Owner by reason of the stockholders of the Company approving a merger of the Company with
    another entity.

 

(c)
“Corporate Status” describes the status of a person who is or was acting as a director, officer, employee, fiduciary, or
Agent of the Company or an Enterprise.

 

    	 

     

    

 

(d)
“Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which
indemnification is sought by Indemnitee.

 

(e)
“Enterprise” means any other corporation, limited liability company, partnership, joint venture, trust, employee benefit
plan or other entity for which Indemnitee is or was serving at the request of the Company as a director, officer, employee, or Agent.

 

(f)
“Expenses” includes all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees of experts and other
professionals, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service
fees, any federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt of any payments under
this Agreement, ERISA excise taxes and penalties, and all other disbursements or expenses of the types customarily incurred in connection
with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating
in, a Proceeding. Expenses also include (i) Expenses incurred in connection with any appeal resulting from any Proceeding, including
without limitation the premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its
equivalent, and (ii) for purposes of Section 14(d) only, Expenses incurred by Indemnitee in connection with the interpretation, enforcement
or defense of Indemnitee’s rights under this Agreement, by litigation or otherwise. The parties agree that for the purposes of
any advancement of Expenses for which Indemnitee has made written demand to the Company in accordance with this Agreement, all Expenses
included in such demand that are certified by affidavit of Indemnitee’s counsel as being reasonable in the good faith judgment
of such counsel will be presumed conclusively to be reasonable. Expenses, however, do not include amounts paid in settlement by Indemnitee
or the amount of judgments or fines against Indemnitee.

 

(g)
“Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and
neither presently is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material
to either such party (other than with respect to matters concerning the Indemnitee under this Agreement, or of other indemnitees under
similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder.
Notwithstanding the foregoing, the term “Independent Counsel” does not include any person who, under the applicable standards
of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action
to determine Indemnitee’s rights under this Agreement.

 

(h)
“Potential Change in Control” means the occurrence of any of the following events: (i) the Company enters into any written
or oral agreement, undertaking or arrangement, the consummation of which would result in the occurrence of a Change in Control; (ii)
any Person or the Company publicly announces an intention to take or consider taking actions which if consummated would constitute a
Change in Control; (iii) any Person who becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing
5% or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election
of directors increases his beneficial ownership of such securities by 5% or more over the percentage so owned by such Person on the date
hereof; or (iv) the Board adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control has occurred.

 

(i)
The term “Proceeding” includes any threatened, pending or completed action, suit, claim, counterclaim, cross claim, arbitration,
mediation, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or
completed proceeding, whether brought in the right of the Company or otherwise and whether of a civil, criminal, administrative, legislative,
or investigative (formal or informal) nature, including any appeal therefrom, in which Indemnitee was, is or will be involved as a party,
potential party, non-party witness or otherwise by reason of Indemnitee’s Corporate Status or by reason of any action taken by
Indemnitee (or a failure to take action by Indemnitee) or of any action (or failure to act) on Indemnitee’s part while acting pursuant
to Indemnitee’s Corporate Status, in each case whether or not serving in such capacity at the time any liability or Expense is
incurred for which indemnification, reimbursement, or advancement of Expenses can be provided under this Agreement. A Proceeding also
includes a situation the Indemnitee believes in good faith may lead to or culminate in the institution of a Proceeding.

 

    	 

     

    

 

Section
3. Indemnity in Third-Party Proceedings. The Company will indemnify Indemnitee in accordance with the provisions of this Section
3 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding by or in the
right of the Company to procure a judgment in its favor. Pursuant to this Section 3, the Company will indemnify Indemnitee to the fullest
extent permitted by applicable law against all Expenses, judgments, fines and amounts paid in settlement (including all interest, assessments
and other charges paid or payable in connection with or in respect of such Expenses, judgments, fines and amounts paid in settlement)
actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with such Proceeding or any claim, issue
or matter therein, if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best
interests of the Company and, in the case of a criminal Proceeding had no reasonable cause to believe that Indemnitee’s conduct
was unlawful.

 

Section
4. Indemnity in Proceedings by or in the Right of the Company. The Company will indemnify Indemnitee in accordance with the provisions
of this Section 4 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding by or in the right of
the Company to procure a judgment in its favor. Pursuant to this Section 4, the Company will indemnify Indemnitee to the fullest extent
permitted by applicable law against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection
with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed
to be in or not opposed to the best interests of the Company. The Company will not indemnify Indemnitee for Expenses under this Section
4 related to any claim, issue or matter in a Proceeding for which Indemnitee has been finally adjudged by a court to be liable to the
Company, unless, and only to the extent that, the Delaware Court of Chancery or any court in which the Proceeding was brought determines
upon application by Indemnitee that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee
is fairly and reasonably entitled to indemnification.

 

Section
5. Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provisions of this Agreement,
to the fullest extent permitted by applicable law, the Company will indemnify Indemnitee against all Expenses actually and reasonably
incurred by Indemnitee in connection with any Proceeding the extent that Indemnitee is successful, on the merits or otherwise. If Indemnitee
is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims,
issues or matters in such Proceeding, the Company will indemnify Indemnitee against all Expenses actually and reasonably incurred by
Indemnitee or on Indemnitee’s behalf in connection with or related to each successfully resolved claim, issue or matter to the
fullest extent permitted by law. For purposes of this Section 5 and without limitation, the termination of any claim, issue or matter
in such a Proceeding by dismissal, with or without prejudice, will be deemed to be a successful result as to such claim, issue or matter.

 

Section
6. Indemnification For Expenses of a Witness. Notwithstanding any other provision of this Agreement and to the fullest extent
permitted by applicable law, the Company will indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee
or on Indemnitee’s behalf in connection with any Proceeding to which Indemnitee is not a party but to which Indemnitee is a witness,
deponent, interviewee, or otherwise asked to participate.

 

Section
7. Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company
for some or a portion of Expenses, but not, however, for the total amount thereof, the Company will indemnify Indemnitee for the portion
thereof to which Indemnitee is entitled.

 

Section
8. Additional Indemnification. Notwithstanding any limitation in Sections 3, 4, or 5, the Company will indemnify Indemnitee to
the fullest extent permitted by applicable law (including but not limited to, the DGCL and any amendments to or replacements of the DGCL
adopted after the date of this Agreement that expand the Company’s ability to indemnify its officers and directors) if Indemnitee
is a party to or threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure
a judgment in its favor).

 

Section
9. Exclusions. Notwithstanding any provision in this Agreement, the Company is not obligated under this Agreement to make any
indemnification payment to Indemnitee in connection with any Proceeding:

 

(a)
for which payment has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision, except
to the extent provided in Section 16(b) and except with respect to any excess beyond the amount paid under any insurance policy or other
indemnity provision; or

 

    	 

     

    

 

(b)
for (i) an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within
the meaning of Section 16(b) of the Exchange Act (as defined in Section 2(b) hereof) or similar provisions of state statutory law or
common law, (ii) any reimbursement of the Company by the Indemnitee of any bonus or other incentive-based or equity-based compensation
or of any profits realized by the Indemnitee from the sale of securities of the Company, as required in each case under the Exchange
Act (including any such reimbursements that arise from an accounting restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley
Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Company of profits arising from the purchase and sale by Indemnitee
of securities in violation of Section 306 of the Sarbanes-Oxley Act) or (iii) any reimbursement of the Company by Indemnitee of any compensation
pursuant to any compensation recoupment or clawback policy adopted by the Board or the compensation committee of the Board, including
but not limited to any such policy adopted to comply with stock exchange listing requirements implementing Section 10D of the Exchange
Act; or

 

(c)
initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its
directors, officers, employees or other indemnitees, unless (i) the Proceeding or part of any Proceeding is to enforce Indemnitee’s
rights to indemnification or advancement, of Expenses, including a Proceeding (or any part of any Proceeding) initiated pursuant to Section
14 of this Agreement, (ii) the Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation or (iii) the Company
provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law.

 

Section
10. Advances of Expenses.

 

(a)
The Company will advance, to the extent not prohibited by law, the Expenses incurred by Indemnitee in connection with any Proceeding
(or any part of any Proceeding) not initiated by Indemnitee or any Proceeding (or any part of any Proceeding) initiated by Indemnitee
if (i) the Proceeding or part of any Proceeding is to enforce Indemnitee’s rights to obtain indemnification or advancement of Expenses
from the Company or Enterprise, including a proceeding initiated pursuant to Section 14 or (ii) the Board authorized the Proceeding (or
any part of any Proceeding) prior to its initiation. The Company will advance the Expenses within thirty (30) days after the receipt
by the Company of a statement or statements requesting such advances from time to time, whether prior to or after final disposition of
any Proceeding.

 

(b)
Advances will be unsecured and interest free. Indemnitee undertakes to repay the amounts advanced (without interest) to the extent that
it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company, thus Indemnitee qualifies for advances
upon the execution of this Agreement and delivery to the Company. No other form of undertaking is required other than the execution of
this Agreement. The Company will make advances without regard to Indemnitee’s ability to repay the Expenses and without regard
to Indemnitee’s ultimate entitlement to indemnification under the other provisions of this Agreement.

 

Section
11. Procedure for Notification of Claim for Indemnification or Advancement.

 

(a)
Indemnitee will notify the Company in writing of any Proceeding with respect to which Indemnitee intends to seek indemnification or advancement
of Expenses hereunder as soon as reasonably practicable following the receipt by Indemnitee of written notice thereof. Indemnitee will
include in the written notification to the Company a description of the nature of the Proceeding and the facts underlying the Proceeding
and provide such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether
and to what extent Indemnitee is entitled to indemnification following the final disposition of such Proceeding. Indemnitee’s failure
to notify the Company will not relieve the Company from any obligation it may have to Indemnitee under this Agreement, and any delay
in so notifying the Company will not constitute a waiver by Indemnitee of any rights under this Agreement. The Secretary of the Company
will, promptly upon receipt of such a request for indemnification or advancement, advise the Board in writing that Indemnitee has requested
indemnification or advancement.

 

(b)
The Company will be entitled to participate in the Proceeding at its own expense.

 

    	 

     

    

 

Section
12. Procedure Upon Application for Indemnification.

 

(a)
Unless a Change of Control has occurred, the determination of Indemnitee’s entitlement to indemnification will be made:

 

i.
by a majority vote of the Disinterested Directors, even though less than a quorum of the Board;

 

ii.
by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum
of the Board;

 

iii.
if there are no such Disinterested Directors or, if such Disinterested Directors so direct, by written opinion provided by Independent
Counsel selected by the Board; or

 

iv.
if so directed by the Board, by the stockholders of the Company.

 

(b)
If a Change in Control has occurred, the determination of Indemnitee’s entitlement to indemnification will be made by written opinion
provided by Independent Counsel selected by Indemnitee (unless Indemnitee requests such selection be made by the Board).

 

(c)
The party selecting Independent Counsel pursuant to subsection (a)(iii) or (b) of this Section 12 will provide written notice of the
selection to the other party. The notified party may, within ten (10) days after receiving written notice of the selection of Independent
Counsel, deliver to the selecting party a written objection to such selection; provided, however, that such objection may
be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel”
as defined in Section 2 of this Agreement, and the objection will set forth with particularity the factual basis of such assertion. Absent
a proper and timely objection, the person so selected will act as Independent Counsel. If such written objection is so made and substantiated,
the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or the Delaware
Court has determined that such objection is without merit. If, within thirty (30) days after the later of submission by Indemnitee of
a written request for indemnification pursuant to Section 11(a) hereof and the final disposition of the Proceeding, Independent Counsel
has not been selected or, if selected, any objection to has not been resolved, either the Company or Indemnitee may petition the Delaware
Court for the appointment as Independent Counsel of a person selected by such court or by such other person as such court designates.
Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 14(a) of this Agreement, Independent Counsel
will be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct
then prevailing).

 

(d)
Indemnitee will cooperate with the person, persons or entity making the determination with respect to Indemnitee’s entitlement
to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information
which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary
to such determination. The Company will advance and pay any Expenses incurred by Indemnitee in so cooperating with the person, persons
or entity making the indemnification determination irrespective of the determination as to Indemnitee’s entitlement to indemnification
and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. The Company promptly will advise Indemnitee in writing
of the determination that Indemnitee is or is not entitled to indemnification, including a description of any reason or basis for which
indemnification has been denied and providing a copy of any written opinion provided to the Board by Independent Counsel.

 

(e)
If it is determined that Indemnitee is entitled to indemnification, the Company will make payment to Indemnitee within thirty (30) days
after such determination.

 

Section
13. Presumptions and Effect of Certain Proceedings.

 

(a)
In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination
will, to the fullest extent not prohibited by law, presume Indemnitee is entitled to indemnification under this Agreement if Indemnitee
has submitted a request for indemnification in accordance with Section 11(a) of this Agreement, and the Company will, to the fullest
extent not prohibited by law, have the burden of proof to overcome that presumption. Neither the failure of the Company (including by
its directors or Independent Counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement
that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination
by the Company (including by its directors or Independent Counsel) that Indemnitee has not met such applicable standard of conduct, will
be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct.

 

    	 

     

    

 

(b)
If the determination of the Indemnitee’s entitlement to indemnification has not been made pursuant to Section 12 within sixty (60)
days after the later of (i) receipt by the Company of Indemnitee’s request for indemnification pursuant to Section 11(a) and (ii)
the final disposition of the Proceeding for which Indemnitee requested Indemnification (the “Determination Period”), the
requisite determination of entitlement to indemnification will, to the fullest extent not prohibited by law, be deemed to have been made
and Indemnitee will be entitled to such indemnification, absent (i) a misstatement by Indemnitee of a material fact, or an omission of
a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification,
or (ii) a prohibition of such indemnification under applicable law. The Determination Period may be extended for a reasonable time, not
to exceed an additional thirty (30) days, if the person, persons or entity making the determination with respect to entitlement to indemnification
in good faith requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto; and
provided, further, the Determination Period may be extended an additional fifteen (15) days if the determination of entitlement to indemnification
is to be made by the stockholders pursuant to Section 12(a)(iv) of this Agreement.

 

(c)
The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea
of nolo contendere or its equivalent, will not (except as otherwise expressly provided in this Agreement) of itself adversely
affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which
Indemnitee reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding,
that Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful.

 

(d)
For purposes of any determination of good faith, Indemnitee will be deemed to have acted in good faith if Indemnitee acted based on the
records or books of account of the Company, its subsidiaries, or an Enterprise, including financial statements, or on information supplied
to Indemnitee by the directors or officers of the Company, its subsidiaries, or an Enterprise in the course of their duties, or on the
advice of legal counsel for the Company, its subsidiaries, or an Enterprise or on information or records given or reports made to the
Company or an Enterprise by an independent certified public accountant or by an appraiser, financial advisor or other expert selected
with reasonable care by or on behalf of the Company, its subsidiaries, or an Enterprise. Further, Indemnitee will be deemed to have acted
in a manner “not opposed to the best interests of the Company,” as referred to in this Agreement if Indemnitee acted in good
faith and in a manner Indemnitee reasonably believed to be in the best interests of the participants and beneficiaries of an employee
benefit plan. The provisions of this Section 13(d) is not exclusive and does not limit in any way the other circumstances in which the
Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement.

 

(e)
The knowledge and/or actions, or failure to act, of any director, officer, trustee, partner, managing member, fiduciary, Agent or employee
of the Enterprise may not be imputed to Indemnitee for purposes of determining Indemnitee’s right to indemnification under this
Agreement.

 

Section
14. Remedies of Indemnitee.

 

(a)
Indemnitee may commence litigation against the Company in the Delaware Court of Chancery to obtain indemnification or advancement of
Expenses provided by this Agreement in the event that (i) a determination is made pursuant to Section 12 of this Agreement that Indemnitee
is not entitled to indemnification under this Agreement, (ii) the Company does not advance Expenses pursuant to Section 10 of this Agreement,
(iii) the determination of entitlement to indemnification is not made pursuant to Section 12 of this Agreement within the Determination
Period, (iv) the Company does not indemnify Indemnitee pursuant to Section 5 or 6 or the second to last sentence of Section 12(d) of
this Agreement within thirty (30) days after receipt by the Company of a written request therefor, (v) the Company does not indemnify
Indemnitee pursuant to Section 3, 4, 7, or 8 of this Agreement within thirty (30) days after a determination has been made that Indemnitee
is entitled to indemnification, or (vi) in the event that the Company or any other person takes or threatens to take any action to declare
this Agreement void or unenforceable, or institutes any litigation or other action or Proceeding designed to deny, or to recover from,
the Indemnitee the benefits provided or intended to be provided to the Indemnitee hereunder. Alternatively, Indemnitee, at Indemnitee’s
option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American
Arbitration Association. Indemnitee must commence such Proceeding seeking an adjudication or an award in arbitration within one hundred
and eighty (180) days following the date on which Indemnitee first has the right to commence such Proceeding pursuant to this Section
14(a); provided, however, that the foregoing clause does not apply in respect of a Proceeding brought by Indemnitee to
enforce Indemnitee’s rights under Section 5 of this Agreement. The Company will not oppose Indemnitee’s right to seek any
such adjudication or award in arbitration.

 

    	 

     

    

 

(b)
If a determination is made pursuant to Section 12 of this Agreement that Indemnitee is not entitled to indemnification, any judicial
proceeding or arbitration commenced pursuant to this Section 14 will be conducted in all respects as a de novo trial, or arbitration,
on the merits and Indemnitee may not be prejudiced by reason of that adverse determination. In any judicial proceeding or arbitration
commenced pursuant to this Section 14 the Company will have the burden of proving Indemnitee is not entitled to indemnification or advancement
of Expenses, as the case may be and will not introduce evidence of the determination made pursuant to Section 12 of this Agreement.

 

(c)
If a determination is made pursuant to Section 12 of this Agreement that Indemnitee is entitled to indemnification, the Company will
be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 14, absent (i) a misstatement
by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading,
in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law.

 

(d)
The Company is, to the fullest extent not prohibited by law, precluded from asserting in any judicial proceeding or arbitration commenced
pursuant to this Section 14 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and will stipulate
in any such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement.

 

(e)
It is the intent of the Company that, to the fullest extent permitted by law, the Indemnitee not be required to incur legal fees or other
Expenses associated with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement by litigation or
otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee
hereunder. The Company, to the fullest extent permitted by law, will (within thirty (30) days after receipt by the Company of a written
request therefor) advance to Indemnitee such Expenses which are incurred by Indemnitee in connection with any action concerning this
Agreement, Indemnitee’s right to indemnification or advancement of Expenses from the Company, or concerning any directors’
and officers’ liability insurance policies maintained by the Company, and will indemnify Indemnitee against any and all such Expenses
unless the court determines that each of the Indemnitee’s claims in such Proceeding were made in bad faith or were frivolous or
are prohibited by law.

 

Section
15. [Reserved].

 

Section
16. Non-exclusivity; Survival of Rights; Insurance; Subrogation.

 

(a)
The indemnification and advancement of Expenses provided by this Agreement are not exclusive of any other rights to which Indemnitee
may at any time be entitled under applicable law, the Bylaws, any agreement, a vote of stockholders or a resolution of directors, or
otherwise. The indemnification and advancement of Expenses provided by this Agreement may not be limited or restricted by any amendment,
alteration or repeal of this Agreement in any way with respect to any action taken or omitted by Indemnitee in Indemnitee’s Corporate
Status occurring prior to any amendment, alteration or repeal of this Agreement. To the extent that a change in Delaware law, whether
by statute or judicial decision, permits greater indemnification or advancement of Expenses than would be afforded currently under the
Bylaws or this Agreement, it is the intent of the parties hereto that Indemnitee enjoy by this Agreement the greater benefits so afforded
by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and
remedy is cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity
or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, will not prevent the concurrent assertion or
employment of any other right or remedy.

 

    	 

     

    

 

(b)
The Company hereby acknowledges that Indemnitee may have certain rights to indemnification, advancement of Expenses and/or insurance
provided by one or more other Persons with whom or which Indemnitee may be associated. The relationship between the Company and such
other Persons, other than an Enterprise, with respect to the Indemnitee’s rights to indemnification, advancement of Expenses, and
insurance is described by this subsection, subject to the provisions of subsection (d) of this Section 16 with respect to a Proceeding
concerning Indemnitee’s Corporate Status with an Enterprise.

 

i.
The Company hereby acknowledges and agrees:

 

1)
the Company is the indemnitor of first resort with respect to any request for indemnification or advancement of Expenses made pursuant
to this Agreement concerning any Proceeding arising from or related to Indemnitee’s Corporate Status with the Company;

 

2)
the Company is primarily liable for all indemnification and indemnification or advancement of Expenses obligations for any Proceeding
arising from or related to Indemnitee’s Corporate Status, whether created by law, organizational or constituent documents, contract
(including this Agreement) or otherwise;

 

3)
any obligation of any other Persons with whom or which Indemnitee may be associated to indemnify Indemnitee and/or advance Expenses to
Indemnitee in respect of any proceeding are secondary to the obligations of the Company’s obligations;

 

4)
the Company will indemnify Indemnitee and advance Expenses to Indemnitee hereunder to the fullest extent provided herein without regard
to any rights Indemnitee may have against any other Person with whom or which Indemnitee may be associated or insurer of any such Person;
and

 

ii.
the Company irrevocably waives, relinquishes and releases any other Person with whom or which Indemnitee may be associated from any claim
of contribution, subrogation, reimbursement, exoneration or indemnification, or any other recovery of any kind in respect of amounts
paid by the Company to Indemnitee pursuant to this Agreement.

 

iii.
In the event any other Person with whom or which Indemnitee may be associated or their insurers advances or extinguishes any liability
or loss for Indemnitee, the payor has a right of subrogation against the Company or its insurers for all amounts so paid which would
otherwise be payable by the Company or its insurers under this Agreement. In no event will payment by any other Person with whom or which
Indemnitee may be associated or their insurers affect the obligations of the Company hereunder or shift primary liability for the Company’s
obligation to indemnify or advance of Expenses to any other Person with whom or which Indemnitee may be associated.

 

iv.
Any indemnification or advancement of Expenses provided by any other Person with whom or which Indemnitee may be associated is specifically
in excess over the Company’s obligation to indemnify and advance Expenses or any valid and collectible insurance (including but
not limited to any malpractice insurance or professional errors and omissions insurance) provided by the Company.

 

(c)
To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers, employees,
or Agents of the Company, the Company will obtain a policy or policies covering Indemnitee to the maximum extent of the coverage available
for any such director, officer, employee or Agent under such policy or policies, including coverage in the event the Company does not
or cannot, for any reason, indemnify or advance Expenses to Indemnitee as required by this Agreement. If, at the time of the receipt
of a notice of a claim pursuant to this Agreement, the Company has director and officer liability insurance in effect, the Company will
give prompt notice of such claim or of the commencement of a Proceeding, as the case may be, to the insurers in accordance with the procedures
set forth in the respective policies. The Company will thereafter take all necessary or desirable action to cause such insurers to pay,
on behalf of the Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. Indemnitee
agrees to assist the Company efforts to cause the insurers to pay such amounts and will comply with the terms of such policies, including
selection of approved panel counsel, if required.

 

    	 

     

    

 

(d)
The Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee for any Proceeding concerning Indemnitee’s
Corporate Status with an Enterprise will be reduced by any amount Indemnitee has actually received as indemnification or advancement
of Expenses from such Enterprise. The Company and Indemnitee intend that any such Enterprise (and its insurers) be the indemnitor of
first resort with respect to indemnification and advancement of Expenses for any Proceeding related to or arising from Indemnitee’s
Corporate Status with such Enterprise. The Company’s obligation to indemnify and advance Expenses to Indemnitee is secondary to
the obligations the Enterprise or its insurers owe to Indemnitee. Indemnitee agrees to take all reasonably necessary and desirable action
to obtain from an Enterprise indemnification and advancement of Expenses for any Proceeding related to or arising from Indemnitee’s
Corporate Status with such Enterprise.

 

(e)
In the event of any payment made by the Company under this Agreement, the Company will be subrogated to the extent of such payment to
all of the rights of recovery of Indemnitee from any Enterprise or insurance carrier. Indemnitee will execute all papers required and
take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring
suit to enforce such rights.

 

Section
17. Duration of Agreement. This Agreement continues until and terminates upon the later of: (a) ten (10) years after the date
that Indemnitee ceases to have a Corporate Status or (b) one (1) year after the final termination of any Proceeding then pending in respect
of which Indemnitee is granted rights of indemnification or advancement of Expenses hereunder and of any Proceeding commenced by Indemnitee
pursuant to Section 14 of this Agreement relating thereto. The indemnification and advancement of Expenses rights provided by or granted
pursuant to this Agreement are binding upon and be enforceable by the parties hereto and their respective successors and assigns (including
any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets
of the Company), continue as to an Indemnitee who has ceased to be a director, officer, employee or Agent of the Company or of any other
Enterprise, and inure to the benefit of Indemnitee and Indemnitee’s spouse, assigns, heirs, devisees, executors and administrators
and other legal representatives.

 

Section
18. Severability. If any provision or provisions of this Agreement is held to be invalid, illegal or unenforceable for any reason
whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including without limitation,
each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not
itself invalid, illegal or unenforceable) will not in any way be affected or impaired thereby and remain enforceable to the fullest extent
permitted by law; (b) such provision or provisions will be deemed reformed to the extent necessary to conform to applicable law and to
give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement
(including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal
or unenforceable, that is not itself invalid, illegal or unenforceable) will be construed so as to give effect to the intent manifested
thereby.

 

Section
19. Interpretation. Any ambiguity in the terms of this Agreement will be resolved in favor of Indemnitee and in a manner to provide
the maximum indemnification and advancement of Expenses permitted by law. The Company and Indemnitee intend that this Agreement provide
to the fullest extent permitted by law for indemnification and advancement in excess of that expressly provided, without limitation,
by the Bylaws, vote of the Company stockholders or disinterested directors, or applicable law.

 

Section
20. Enforcement.

 

(a)
The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in
order to induce Indemnitee to serve as a director or officer of the Company, and the Company acknowledges that Indemnitee is relying
upon this Agreement in serving or continuing to serve as a director or officer of the Company.

 

(b)
This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all
prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof;
provided, however, that this Agreement is a supplement to and in furtherance of the Bylaws and applicable law, and is not a substitute
therefor, nor to diminish or abrogate any rights of Indemnitee thereunder.

 

    	 

     

    

 

Section
21. Modification and Waiver. No supplement, modification or amendment of this Agreement is binding unless executed in writing
by the parties hereto. No waiver of any of the provisions of this Agreement will be deemed or constitutes a waiver of any other provisions
of this Agreement nor will any waiver constitute a continuing waiver.

 

Section
22. Notice by Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon being served with any summons, citation,
subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification
or advancement of Expenses covered hereunder. The failure of Indemnitee to so notify the Company does not relieve the Company of any
obligation which it may have to the Indemnitee under this Agreement or otherwise.

 

Section
23. Notices. All notices, requests, demands and other communications under this Agreement will be in writing and will be deemed
to have been duly given if (a) delivered by hand to the other party, (b) sent by reputable overnight courier to the other party or (c)
sent by facsimile transmission or electronic mail, with receipt of oral confirmation that such communication has been received:

 

(a)
If to Indemnitee, at the address indicated on the signature page of this Agreement, or such other address as Indemnitee provides to the
Company.

 

(b)
If to the Company to:

 

	 	Name:	Trio
    Petroleum Corp.
	 	Address:	4115
                                            Blackhawk Plaza Circle, Suite 100

    Danville,
    CA 94506

	 	Attention:
    	 
	 	Email:	 

 

or
to any other address as may have been furnished to Indemnitee by the Company.

 

Section
24. Contribution. To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement
is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, will contribute to the amount
incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses,
in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable
in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee
as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of the Company (and
its directors, officers, employees and Agents) and Indemnitee in connection with such event(s) and/or transaction(s).

 

Section
25. Applicable Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties are governed by, and
construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. Except with
respect to any arbitration commenced by Indemnitee pursuant to Section 14(a) of this Agreement, the Company and Indemnitee hereby irrevocably
and unconditionally (i) agree that any action or Proceeding arising out of or in connection with this Agreement may be brought only in
the Delaware Court of Chancery and not in any other state or federal court in the United States of America or any court in any other
country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or Proceeding arising
out of or in connection with this Agreement, (iii) waive any objection to the laying of venue of any such action or Proceeding in the
Delaware Court, and (iv) waive, and agree not to plead or to make, any claim that any such action or Proceeding brought in the Delaware
Court has been brought in an improper or inconvenient forum.

 

Section
26. Identical Counterparts. This Agreement may be executed in one or more counterparts, each of which will for all purposes be
deemed to be an original but all of which together constitutes one and the same Agreement. Only one such counterpart signed by the party
against whom enforceability is sought needs to be produced to evidence the existence of this Agreement.

 

Section
27. Headings. The headings of this Agreement are inserted for convenience only and do not constitute part of this Agreement or
affect the construction thereof.

 

    	 

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and year first above written.

 

	TRIO
    PETROLEUM CORP.	 	INDEMNITEE
	 	 	 	 
	By:	 	 	 
	Name:	 	 	Name:	 
	Office:	           	 	Address:Exhibit 10.2

 

Trio
Petroleum Corp.

 

2022
Equity Incentive Plan

 

(Adopted
as of [______], 2022)

 

1.
Purpose. The Trio Petroleum Corp. Equity Incentive Plan (the “Plan”), is intended to provide incentives
which will attract and retain highly competent persons as directors, officers, key employees, consultants and independent contractors
of Trio Petroleum Corp. (“Company”), or its subsidiaries, as applicable, by providing them opportunities to
acquire shares of common stock of the Company (“Common Stock”), or to receive monetary payments based on the
value of such shares pursuant to the Awards (as defined below) described herein.

 

2.
Participants. Participants will consist of such directors, officers, key employees, consultants and independent contractors of
the Company and its subsidiaries, as the Company’s board of directors (“Board”), in its sole discretion,
determine to be significantly responsible for the success and future growth and profitability of the Company and whom the Board may designate
from time to time to receive Awards under the Plan (“Participants”). Designation of a Participant in any year
shall not require the Board to designate such person to receive an Award in any other year or, once designated, to receive the same type
or amount of Awards as granted to the Participant or any other Participant in any year. The Board shall consider such factors as it deems
pertinent in selecting Participants and in determining the amount, type and terms and conditions of their respective Awards. At the Board’s
discretion, the Board may delegate to the Committee (as defined below), the authority to designate and select Participants and types
of Awards.

 

3.
Administration.

 

(a)
Except for those powers expressly reserved for the Board, the Plan will be administered by any subcommittee of the Board appointed by
the Board to administer the Plan or, if no committee is appointed to administer the Plan, the Board (the “Committee”).
The Committee is authorized, subject to the provisions of the Plan, to establish such rules and regulations as it deems necessary or
appropriate for the proper administration of the Plan and to make such determinations and interpretations and to take such action in
connection with the Plan and any Awards granted hereunder as it deems necessary or advisable. All determinations and interpretations
made by the Committee shall be binding and conclusive on all Participants and their legal representatives. No member of the Board, and
no employee of the Company shall be liable for any act or failure to act hereunder, by any other Board member or employee or by any agent
to whom duties in connection with the administration of this Plan have been delegated or, except in circumstances involving his or her
bad faith, gross negligence or fraud, for any act or failure to act by the member or employee.

 

(b)
The Committee may delegate to one or more of its members or to one or more officers of the Company, or to one or more agents or advisors,
such administrative duties or powers as it may deem advisable, and the Committee, or any person to whom duties or powers have been delegated
as aforesaid, may employ one or more persons to render advice with respect to any responsibility the Committee or such person may have
under the Plan. If administration is delegated by the Committee to any such person, as described above, the Committee may terminate all
or any portion of such person’s authority under the Plan at any time and revisit in the Committee all or any portion of the administration
of the Plan.

 

    	-1-

     

    

 

4.
Types of Awards. Awards under the Plan may be granted in any one or a combination of (i) Stock Options, (ii) Equity Appreciation
Rights, (iii) Restricted Stock and Restricted Stock Units, (iv) Performance Awards and (v) Other Stock-Based Awards, each as described
below (collectively, “Awards”). Each Award shall be made pursuant to a written agreement, certificate, resolution,
or such other evidence approved by the Committee that sets forth the terms and conditions of the Awards granted.

 

5.
Shares Reserved under the Plan.

 

(a)
Subject to adjustment under Section 12 hereof, there is hereby reserved for issuance under the Plan 4,000,000 shares of Common Stock
of the Company, which may be authorized but unissued or treasury shares.

 

(b)
If there is a lapse, expiration, termination or cancellation of any Stock Option granted under this Plan prior to the issuance of shares
in connection with such option, or if shares are issued under the Plan in connection with an Award hereunder and thereafter such shares
are reacquired by the Company, those shares may again be used for new Awards under the Plan. In addition, any shares exchanged or surrendered
by a Participant as full or partial payment of the exercise price under any Stock Option exercised under this Plan, any shares retained
by the Company pursuant to a Participant’s tax withholding election, and any shares covered by an Award which is settled in cash,
shall be added back to the shares available for Awards under the Plan. The Board shall determine the appropriate methodology for calculating
the number of Shares available for issuance pursuant to the Plan. Notwithstanding the above, the maximum number of shares that may be
issued pursuant to the exercise of Incentive Stock Options during the term of the Plan shall not exceed 4,000,000 shares.

 

(c)
The Committee may grant Awards under the Plan in substitution for stock and stock based awards held by employees, directors, consultants
or advisors of another company (an “Acquired Company”) in connection with a merger, consolidation or similar
transaction involving such Acquired Company and the Company or an Affiliate, or the acquisition by the Company or an Affiliate of property
or stock of the Acquired Company. Notwithstanding any other provision of this Plan, the Committee may direct that substitute Awards be
granted on such terms and conditions as the Committee considers appropriate in the circumstances. For purposes of this Plan, an “Affiliate”
means an entity in which the Company has a direct or indirect equity interest, whether now or hereafter existing; provided however, that
with respect to an Incentive Stock Option, an Affiliate means a “parent corporation” (as defined in Section 424(e) of the
Internal Revenue Code of 1986, as amended (the “Code”) or a “subsidiary corporation” (as defined
in Code Section 424(f)) with respect to the Company, whether now or hereafter existing.

 

    	-2-

     

    

 

6.
Stock Options. “Stock Options” will consist of Awards from the Company, which will enable the holder
to purchase a specific number of shares of Common Stock, at set terms and at a fixed purchase price. Stock Options may be incentive stock
options within the meaning of Code Section 422 (“Incentive Stock Options”) or Stock Options that do not constitute
Incentive Stock Options (“Nonqualified Stock Options”). The Committee will have the authority to grant to any
Participant one or more Incentive Stock Options, Nonqualified Stock Options, or both types of Stock Options. Each Stock Option shall
be evidenced by a written option agreement in such form and shall be subject to such terms and conditions as the Committee may approve
from time to time, including without limitation the following:

 

(a)
Exercise Price. Each Stock Option granted hereunder shall have such per share exercise price as the Committee may determine at
the Date of Grant; provided, however, that other than in the case of a permitted substitution of Stock Options under Section 5(c) hereof,
the per share exercise price for any Stock Options awarded hereunder shall not be less than 100% of the Fair Market Value of the Common
Stock on the date the Stock Option is granted.

 

(b)
Payment of Exercise Price. The Committee shall determine the acceptable form of consideration for exercising a Stock Option, including
the method of payment. In the case of an Incentive Stock Option, the Committee shall determine the acceptable form of consideration at
the time of grant. To the extent approved by the Committee in its discretion and as set out in the applicable Award agreement, the exercise
price of a Stock Option may be paid (i) in United States dollars in cash or by check; (ii) through delivery of shares of Common Stock
then owned by the Participant having a Fair Market Value equal, as of the date of exercise, to the exercise price of the Stock Option;
(iii) by having the Company retain from the shares of Common Stock otherwise issuable upon exercise of the Stock Option, a number of
shares having a Fair Market Value equal, as of the date of exercise, to the exercise price of the Stock Option (a “net-exercise”);
(iv) payment of such other lawful consideration as the Committee may determine in its sole discretion; or (v) by any combination of (i),
(ii), (iii) and (iv) above. Notwithstanding the foregoing, the Committee shall accept only such payment on exercise of an Incentive Stock
Option as is permitted by Code Section 422.

 

(c)
Exercise Period. Stock Options granted under the Plan shall be exercisable at such time or times and subject to such terms and
conditions as shall be determined by the Committee; provided, however, that Incentive Stock Options shall not be exercisable more than
ten (10) years after the date they are granted. All Stock Options shall terminate at such earlier times and upon such conditions or circumstances
as the Committee shall in its sole discretion set forth in the option agreement at the Date of Grant, including but not limited to limitations
on exercisability following termination of the Participant’s employment or consulting relationship.

 

(d)
Limitations on Incentive Stock Options. Incentive Stock Options may be granted only to Participants who are employees of the Company
or one of its subsidiaries (within the meaning of Code Section 424(f)) at the Date of Grant. The aggregate Fair Market Value (determined
as of the time the option is granted) of the shares of Common Stock with respect to which Incentive Stock Options are exercisable for
the first time by a Participant during any calendar year (under all option plans of the Company) shall not exceed $100,000. Incentive
Stock Options may not be granted to any Participant who, at the time of grant, owns stock possessing (after the application of the attribution
rules of Code Section 424(d)) more than 10% of the total combined voting power of all classes of stock of the Company, unless the option
price is fixed at not less than 110% of the Fair Market Value of the Common Stock on the Date of Grant and the exercise of such option
is prohibited by its terms after the expiration of five (5) years from the Date of Grant of such option.

 

(e)
Notification upon Disqualifying Disposition of an Incentive Stock Option. Each Participant awarded an Incentive Stock Option under
the Plan shall notify the Company in writing immediately after the date he makes a disqualifying disposition of any Common Stock acquired
pursuant to the exercise of such Incentive Stock Option. A disqualifying disposition is any disposition (including, without limitation,
any sale) of such Common Stock before the later of (A) two years after the Date of Grant of the Incentive Stock Option or (B) one year
after the date of exercise of the Incentive Stock Option.

    	-3-

     

    

 

(f)
Redesignation as Nonqualified Stock Options. Stock Options designated as Incentive Stock Options that fail to meet the requirements
of Code Section 422 shall be redesignated as Nonqualified Stock Options automatically without further action by the Committee on the
date of such failure to meet the requirements of Code Section 422.

 

(g)
Termination of Employment or Service Provider Relationship. Unless otherwise provided by the Committee and set forth in the Award,
in the event a Participant’s employment or service, as applicable, is terminated before exercise of a vested Stock Option, unless
otherwise required by law, such Stock Options will be held subject to Section 11; provided that the time periods for exercising Incentive
Stock Options shall be as prescribed by the Code. If the Committee determines, subsequent to a Participant’s termination of employment
or service, as applicable, but before exercise of a Stock Option, that either before or after the Participant’s termination of
employment or service, as applicable, the Participant engaged in conduct that constitutes “Cause,” then the Participant’s
right to exercise any Stock Option shall be forfeited immediately. 

 

(h)
Limitation of Rights in Shares. The recipient of a Stock Option shall not be deemed for any purpose to be a stockholder of the
Company with respect to any of the shares subject thereto except to the extent that the Stock Option shall have been exercised and, in
addition, a certificate shall have been issued and delivered to the Participant.

 

(i)
“Cause”, as used in connection with the termination of a Participant’s employment or service, is defined
in any employment agreement between the Company and such Participant, or in the absence of any such employment agreement, means: (1)
an unauthorized use or disclosure by the Participant of the Company’s confidential information or trade secrets, or the violation
of any agreement with the Company containing non-competition, non-solicitation, non-disparagement or other restrictive covenant; (2)
a material breach by the Participant of any agreement between the Participant and the Company and the Participant fails to remedy such
condition within ten (10) days of such breach; (3) a material failure by the Participant to comply with the Company’s written policies
or rules and the Participant fails to remedy such non-compliance within ten (10)) days of such failure to comply; (4) the Participant’s
violation of a federal or state law or regulation directly or indirectly applicable to the business of the Company or its affiliates,
which violation was or is reasonably likely to be injurious to the Company or its affiliates; (5) the Participant’s (i) conviction
of, or plea of “guilty” or “no contest” to, any crime under the laws of the United States or any State thereof
(with the exception of minor vehicular accidents which do not result in bodily harm) or (ii) committing of any act of moral turpitude,
dishonesty or fraud against, or the misappropriation of material property belonging to, the Company or its affiliates; (6) the Participant’s
gross negligence or willful misconduct that was or is or is likely to be materially injurious to the Company or any of its affiliates;
(7) a continuing failure by the Participant to perform assigned duties after receiving written notification of such failure from the
Board and the Participant fails to remedy such condition within ten (10) days after receiving such written notification; or (8) a failure
by the Participant to cooperate in good faith with a governmental or internal investigation of the Company or its directors, officers
or employees, if the Company has requested the Participant’s cooperation. Whether an act constitutes “Cause” shall
be determined by the Board in its sole discretion.

 

    	-4-

     

    

 

7.
Equity Appreciation Rights. “Equity Appreciation Rights” will consist of Awards from the Company, which
will entitle the holder to receive a payment based on the appreciation in the Fair Market Value of the shares subject thereto up to a
specified date or dates. The Committee may, in its discretion, grant Equity Appreciation Rights to the holders of any Stock Options granted
hereunder. In addition, Equity Appreciation Rights may be granted independently of and without relation to Stock Options. Each Equity
Appreciation Right shall be subject to such terms and conditions consistent with the Plan as the Committee shall impose from time to
time, including the following:

 

(a)
Each Equity Appreciation Right will entitle the holder to receive the appreciation in the Fair Market Value of the shares of Common Stock
referenced therein up to the date the right is subject to a payout event. In the case of a right issued in relation to a Stock Option,
such appreciation shall be measured from not less than the exercise price of such Stock Option and in the case of a right issued independently
of any Stock Option, such appreciation shall be measured from the applicable strike price specified by the Committee in the applicable
Award agreement relating to any such Equity Appreciation Right.

 

(b)
Each Equity Appreciation Right will be payable at such time or times following the first to occur of the applicable payout event(s) as
set forth by the Committee in the applicable Award agreement. Payment of such appreciation shall be made in cash or in shares of Common
Stock, or a combination thereof, as determined by the Committee.

 

8.
Restricted Stock and Restricted Stock Units.

 

(a)
“Restricted Stock” will consist of Awards of shares of Common Stock to Participants either with or without
consideration therefor from Participants. Each Award of Restricted Stock shall be subject to such terms and conditions as the Committee
determines appropriate, including, without limitation, restrictions on the sale or other disposition of shares, restrictions requiring
the forfeiture of shares to the Company upon termination of the Participant’s employment or service with the Company or one of
its Affiliates prior to satisfying a prescribed period of service. In the case of an Award of Restricted Stock, the Committee may require
the Participant to deliver a duly signed stock power, endorsed in blank, relating to the shares covered by such an Award, and may also
require that the stock certificates evidencing such shares be held in custody until the service restrictions thereon shall have lapsed.

 

(b)
Each Restricted Stock Award involving actual shares of Common Stock shall specify whether the Participant shall have, with respect to
the shares of Common Stock subject thereto, all of the rights of a holder of shares of Common Stock of the Company, including the right
to receive dividends, if applicable, and to vote the shares.

 

(c)
“Restricted Stock Units” will consist of Awards that entitle the Participant to receive shares of Common Stock
and/or cash after a prescribed period of service. The period of service, number of reference shares of Common Stock, and other conditions
and limitations applicable to each Award of Restricted Stock Units shall be as determined by the Committee and shall be stated in the
applicable Award agreement. The Committee, in its sole discretion, may impose such other restrictions on Restricted Stock Units as it
may deem advisable or appropriate including, without limitation, restrictions requiring the forfeiture of Restricted Stock Units to the
Company upon termination of the Participant’s employment or service with the Company or one of its Affiliates prior to satisfying
the prescribed period of service.

 

    	-5-

     

    

 

9.
Other Stock-Based Awards. “Other Stock-Based Awards” will consist of other types of equity-based or
equity-related Awards not otherwise described by the terms of the Plan in such amounts and subject to such terms and conditions, as the
Board or the Committee shall determine. Such Awards may involve the transfer of actual shares of Common Stock, or payment in cash or
otherwise of amounts based on the value of Common Stock.

 

10.
Performance Awards.

 

(a)
“Performance Awards” will consist of Awards for which the Committee has set performance goals at its discretion
which, depending on the extent to which they are met, will determine the number of shares of Common Stock and/or cash value of Awards
that will be paid out to the Participants. Performance Awards may be granted to Participants at any time and from time to time, as shall
be determined by the Committee. The Committee shall have complete discretion in determining the number, amount and timing of Performance
Awards granted to each Participant. Performance Awards may take such form as may be determined by the Committee, including without limitation,
cash, Stock Options, Awards of shares of Common Stock, Awards of Restricted Stock or Restricted Stock Units, Other Stock-Based Awards
or any combination thereof. Performance Awards may be awarded as short-term or long-term incentives.

 

(b)
Performance Awards under the Plan may be made subject to the attainment of one or more of the specified performance goals, as determined
by the Committee in its sole discretion. Performance goals may be based upon Company-wide, Affiliate, divisional, project team, and/or
individual performance. The Board or the Committee shall have the authority at any time to make adjustments to performance goals for
any outstanding Performance Awards which the Board or the Committee deems necessary or desirable unless at the time of establishment
of such goals the Board or the Committee shall have precluded its authority to make such adjustments.

 

(c)
Payment of earned Performance Awards shall be made in accordance with terms and conditions prescribed by the Committee. Performance Awards
shall be payable in cash or in shares Common Stock, or a combination thereof, as determined by the Committee.

 

11.
Effect of Termination of Service on Awards; Forfeiture.

 

(a)
The Committee may provide, by rule or regulation or in any Award, or may determine in any individual case, the circumstances in which
Awards shall be exercised, vested, paid or forfeited in the event a Participant ceases to be an employee, director or other service provider
prior to the end of a performance period, period of restriction or the exercise, vesting or settlement of such Award. Unless otherwise
determined by the Committee if, with respect to any Award, (1) Participant’s termination of employment or service, as applicable,
occurs before the end of the period of restriction or the vesting date applicable to such Award (or the applicable portion of such Award)
or (2) any performance goals are not achieved in whole or in part (as determined by the Committee) by the end of the period for measuring
such performance goals, then all such then unvested and/or unearned Awards shall be forfeited by the Participant.

 

(b)
Awards under the Plan shall not be affected by the change of a Participant’s status within or among the Company and any subsidiaries
or Affiliates, so long as the Participant remains an employee, officer, director or other service provider. For purposes of the Plan
and any Award hereunder, if an entity that the Participant is employed by or otherwise providing services to ceases to be a subsidiary
or an Affiliate, a Participant shall be deemed to terminated employment or service, as applicable, on the date of the entity’s
change in status, unless the Participant continues as an employee or service provider in respect of the Company or another subsidiary
or Affiliate (after giving effect to the change in status).

 

    	-6-

     

    

 

12.
Adjustment Provisions.

 

(a)
If the Company shall at any time change the number of shares of Common Stock issued without new consideration to the Company (such as
by stock dividend or stock split), the total number of shares of Common Stock reserved for issuance under the Plan, the maximum number
of shares of Common Stock which may be made subject to Incentive Stock Options during the term of the Plan, and the number of shares
of Common Stock covered by each then outstanding Award shall be equitably adjusted and the aggregate consideration payable to the Company,
if any, shall not be changed.

 

(b)
Unless otherwise provided in Section 13, in the event of any merger, consolidation or reorganization of the Company with or into another
entity other than a merger, consolidation or reorganization in which the Company is the continuing entity and which does not result in
the outstanding shares of Common Stock being converted into or exchanged for different securities, cash or other property, or any combination
thereof, there shall be substituted, on an equitable basis as determined by the Committee, for each share of Common Stock then subject
to an Award under the Plan, the number and kind of shares of stock, other securities, cash or other property to which holders of shares
of Common Stock of the Company will be entitled pursuant to the transaction.

 

13.
Change of Control of the Company; Consequences of a Change of Control.

 

(a)
Unless otherwise expressly provided in the applicable Award agreement, upon the occurrence of a Change of Control of the Company, the
Board or the Committee may (1) provide for the acceleration of vesting or to cause the lapse of restrictions with respect to, all or
any portion of an Award, (2) cancel an Award for a cash payment equal to the Fair Market Value (as determined in the sole discretion
of the Board) which, in the case of Stock Options and Equity Appreciation Rights, shall be deemed to be equal to the excess, if any,
of the value of the consideration to be paid in the Change of Control transaction to holders of the same number of shares of Common Stock
subject to such Stock Options or Equity Appreciation Rights (or, if no consideration is paid in any such transaction, the Fair Market
Value of the shares of Common Stock subject to such Stock Options or Equity Appreciation Rights) over the aggregate exercise price (in
the case of Stock Options) or strike price (in the case of Equity Appreciation Rights), (3) provide for the issuance of a substitute
Award that will substantially preserve the otherwise applicable terms of any affected Award previously granted hereunder as determined
by the Board in its sole discretion, (4) terminate unvested Stock Options without providing accelerated vesting or (5) take any other
action with respect to the Awards the Board or the Committee deems appropriate. For the avoidance of doubt, the treatment of Awards upon
a Change of Control of the Company may vary among the Award types and Participants in the sole discretion of the Board. Unless otherwise
determined by the Board (on the same basis or on different bases as the Board shall specify), any repurchase rights or other rights of
the Company that relate to an Award shall continue to apply to consideration, including cash, that has been substituted, assumed or amended
for an Award pursuant to this Section 13(a). The Company may hold in escrow all or any portion of any such consideration in order to
effectuate any continuing restrictions.

 

    	-7-

     

    

 

(b)
For purposes of this Plan, a “Change of Control” of the Company shall mean: (i) the acquisition of the Company
by another entity by means of any transaction or series of related transactions (including, without limitation, any reorganization, merger
or consolidation or stock transfer, but excluding any such transaction effected primarily for the purpose of changing the domicile of
the Company or a bona-fide financing of the Company), unless the Company’s stockholders of record immediately prior to such transaction
or series of related transactions hold, immediately after such transaction or series of related transactions, at least 50% of the voting
power of the surviving or acquiring entity (provided that the sale by the Company of its securities for the purposes of raising
additional funds shall not constitute a Change of Control hereunder); (ii) a sale of all or substantially all of the assets of the Company
to an unrelated person or entity; or (iii) any other acquisition of the business of the Company, as determined by the Board.

 

Notwithstanding
the foregoing, a Change of Control of the Company shall not be deemed to have occurred under Section 13 solely because (1) the Company,
(2) an Affiliate (3) any one or more members of executive management of the Company or its subsidiaries, (4) any employee stock ownership
plan or any other employee benefit plan of the Company or any Affiliate or (5) any combination of the Persons referred to in the preceding
clauses (1) through (4) becomes the actual or beneficial owner (within the meaning of rule 13d-3 promulgated under the Securities Exchange
Act of 1934 (the “Exchange Act”)) of 50% or more of the Voting Securities of the Company or because of the
Company’s initial public offering or another capital raising event.

 

(c)
As used in this Section 13, the following terms shall have the meanings set forth below:

 

“Person”
means any individual, corporation, partnership, group, association or other “person,” as such term is used in section 14(d)
of the Exchange Act.

 

“Voting
Securities” means, with respect to any Person, any securities entitled to vote (including by the execution of action by
written consent) generally in the election of directors of such Person (together with direct or indirect options or other rights to acquire
any such securities).

 

14.
Nontransferability. Unless otherwise set forth in the applicable written Award agreement, each Award granted under the Plan shall
not be transferable otherwise than by will or the laws of descent and distribution, and shall be exercisable, during the Participant’s
lifetime, only by the Participant or, in the event of a Participant’s disability, by the Participant’s personal representative.
In the event of the death of a Participant, exercise of any Award or payment with respect to any Award shall be made only by or to the
executor or administrator of the estate of the deceased Participant or the person or persons to whom the deceased Participant’s
rights under the benefit shall pass by will or the laws of descent and distribution. Notwithstanding the foregoing, at the discretion
of the Committee, a grant of a Stock Option may permit the transfer thereof by the Participant solely to members of the Participant’s
immediate family or trusts or family partnerships or limited liability companies for the benefit of such persons, subject to such terms
and conditions as may be established by the Committee.

 

    	-8-

     

    

 

15.
Repurchase.1

 

(a)
Upon any termination of a Participant’s employment or service with the Company or a subsidiary or Affiliate, unless otherwise provided
in the Award, the Company will be entitled (in its sole and absolute discretion) to repurchase at the Company’s election all or
any of the Common Stock received hereunder or acquired upon exercise of a grant held by a Participant (whether or not previously acquired
by the Participant in connection with the exercise of a Stock Option or Equity Appreciation Right or upon settlement of any other Award
and including any Common Stock received as a result of the exercise of any Award after the Participant’s termination date) (the
“Repurchase Option”). If the Company elects to exercise the Repurchase Option with respect to shares of Common
Stock held by any Participant pursuant to this Section 15, it shall deliver written notice (the “Repurchase Notice”)
to such Participant to such effect within 6 months after the occurrence of the event giving rise to the Repurchase Option. For the avoidance
of doubt, this Repurchase Option does not apply to shares of Common Stock purchased by or granted to a Participant under an agreement
that is not part of this Plan.

 

(b)
The repurchase price (the “Repurchase Price”) for a Participant’s Common Stock to be repurchased (the
“Surrendered Securities”) shall be the Fair Market Value of such Surrendered Securities on the date of termination
of employment or service; provided that in the case of either a voluntary resignation of a Participant’s employment or service
by the Participant or a termination of a Participant’s employment or service by the Company for Cause, which determination shall
be made by the Company in its sole discretion, the Repurchase Price shall be the lesser of the Fair Market Value of the Surrendered Securities
on the date of termination of employment or service and the original exercise price (or other amount paid with respect to an Award, if
any, in the case of Awards other than Stock Options and Equity Appreciation Rights) paid for such Surrendered Securities or the Fair
Market Value of such Surrendered Securities on the original date of purchase, as applicable. Notwithstanding anything to the contrary
in the Plan, if the Company determines, following a Participant’s termination of employment or service with the Company, but prior
to the last date on which a Repurchase Option can be exercised, that either before or after the Participant’s termination of employment
or service with the Company, the Participant engaged in conduct that constitutes Cause, then the Participant will be treated as having
terminated employment or service for Cause for purposes of determining the Repurchase Price.

 

1
NTD: We have provided a repurchase right that allows the Company to repurchase a Participant’s equity awards following a
termination of employment. Some provisions are bracketed for consideration. This is an important term where market practice varies.

 

    	-9-

     

    

 

(c)
Within ten (10) business days after the Repurchase Price for the Surrendered Securities has been determined, the Company shall send a
notice to such holder of the Surrendered Securities setting forth the consideration to be paid for such securities and the time and place
for the closing of the transaction, which date shall not be more than twenty (20) days nor less than five (5) days after the delivery
of such notice. At such closing, the holder of the Surrendered Securities shall deliver all certificates (if any exist) evidencing the
Surrendered Securities to be repurchased to the Company, and the Company shall pay for the Surrendered Securities to be repurchased pursuant
to the Repurchase Option by: delivery of a check or wire transfer in the aggregate amount of the Repurchase Price for such securities
or issuance of a subordinated unsecured promissory note to such holder (which shall be subordinated and subject in right of payment to
the prior payment of any debt outstanding under any applicable financing agreements of the Company or any of its Affiliates and any modifications,
renewals, extensions, replacements and refunding of all such indebtedness) bearing interest at the prime lending rate as reported in
the Wall Street Journal on the closing date of the repurchase, which note will be repayable upon the occurrence of a Change of Control
of the Company; provided, that no payments shall be required to be made in respect of such note prior to repayment in full of such note.

 

(d)
The Company shall be entitled to receive customary representations and warranties from such holder that he or she is the record and beneficial
owner of the Surrendered Securities free and clear of any liens, and that he or she will transfer and deliver valid title to such securities
free and clear of any liens.

 

(e)
Notwithstanding anything to the contrary contained in this Plan, all repurchases of Surrendered Securities by the Company shall be subject
to applicable state and federal laws and regulations and, to the extent applicable, the Company’s debt and equity financing agreements.
If any of the foregoing prohibits (in the discretion of the Company) the repurchase of Surrendered Securities which are otherwise permitted
or required hereunder, the time periods provided in this Section 15 (other than the time period for delivery of the notice in Section
15(a)) shall be suspended, and the Company may make such repurchases as soon as it is permitted to do so under such restrictions; provided
that, the Company shall in any event have formally notified Participant in writing of its election to repurchase within the time period
specified in Section 15(a).

 

(f)
In the event the Company delivers a Repurchase Notice to a Participant but does not elect to repurchase all Shares held by such Participant,
the Shares held by such Participant which the Company has not elected to repurchase in the Repurchase Notice shall no longer be subject
to the Repurchase Option.

 

16.
Other Provisions. Awards under the Plan may also be subject to such other provisions (whether or not applicable to the Award granted
to any other Participant) as the Committee determines appropriate, including without limitation, provisions to assist the Participant
in financing the acquisition of Common Stock, provisions for the acceleration of exercisability or vesting and/or early termination of
Awards in the event of a Change of Control of the Company, provisions for the payment of the value of Awards to Participants in the event
of a Change of Control of the Company, provisions relating to treatment of Awards upon an offering of Company equity on a national securities
exchange, provisions for the forfeiture of, or restrictions on resale or other disposition of, Common Stock acquired under any form of
Award, provisions to comply with Federal and State securities laws, or understandings or conditions as to the Participant’s employment
in addition to those specifically provided for under the Plan.

 

    	-10-

     

    

 

17.
Time of Granting of Awards; Fair Market Value. The date of grant (“Date of Grant”) of an Award shall
be the date specified by the Committee on which an Award under this Plan will become effective (which date shall in no event be earlier
than the date on which the Committee takes action with respect thereto), provided that in the case of an Incentive Stock Option, the
Date of Grant shall be the later of the date on which the Committee makes the determination granting such Incentive Stock Option or the
date of commencement of the Participant’s employment relationship with the Company or one of its Affiliates. Except as otherwise
expressly provided in a written Award, for purposes of this Plan and any Awards hereunder, “Fair Market Value”
shall mean the amount determined in good faith by the Committee as the fair market value of shares of the Company on such basis as it
deems appropriate taking into account, if applicable, the requirements of Section 409A of the Code.

 

18.
Tenure. A Participant’s right, if any, to continue to serve the Company as an officer, employee, or otherwise, shall not
be enlarged or otherwise affected by his or her designation as a Participant under the Plan, nor shall this Plan in any way interfere
with the right of the Company, subject to the terms of any separate employment agreement to the contrary, at any time to terminate such
employment or to increase or decrease the compensation of the Participant from the rate in existence at the time of the grant of an Award.

 

19.
Waiver of Jury Trial. By accepting an Award, each Participant irrevocably and unconditionally waives any objection to the laying
of venue of any litigation arising out of the Plan or the Award hereunder in the courts of the State of Delaware, and further irrevocably
and unconditionally waives and agrees not to plead or claim in any such court that any such litigation brought in any such court has
been brought in an inconvenient forum. By accepting an Award, each Participant irrevocably and unconditionally waives, to the fullest
extent permitted by applicable laws, any and all rights to trial by jury in connection with any litigation arising out of or relating
to the Plan or any Award hereunder.

 

20.
Data Privacy. As a condition of receipt of any Award, each Participant explicitly and unambiguously consents to the collection,
use and transfer, in electronic or other form, of personal data as described in this paragraph by and among, as applicable, the Company
and its Affiliates for the exclusive purpose of implementing, administering and managing the Participant’s participation in the
Plan. The Company and its Affiliates may hold certain personal information about a Participant, including but not limited to, the Participant’s
name, home address and telephone number, date of birth, social security or insurance number or other identification number, salary, nationality,
job title(s), any shares held in the Company or any of its Affiliates, details of all Awards, in each case, for the purpose of implementing,
managing and administering the Plan and Awards (the “Data”). The Company and its Affiliates may transfer the
Data amongst themselves as necessary for the purpose of implementation, administration and management of a Participant’s participation
in the Plan, and the Company and its Affiliates may each further transfer the Data to any third parties assisting the Company in the
implementation, administration and management of the Plan. These recipients may be located in the Participant’s country, or elsewhere,
and the Participant’s country may have different data privacy laws and protections than the recipients’ country. Through
acceptance of an Award, each Participant authorizes such recipients to receive, possess, use, retain and transfer the Data, in electronic
or other form, for the purposes of implementing, administering and managing the Participant’s participation in the Plan, including
any requisite transfer of such Data as may be required to a broker or other third party with whom the Company or the Participant may
elect to deposit any Common Shares. The Data related to a Participant will be held only as long as is necessary to implement, administer,
and manage the Participant’s participation in the Plan. A Participant may, at any time, view the Data held by the Company with
respect to such Participant, request additional information about the storage and processing of the Data with respect to such Participant,
recommend any necessary corrections to the Data with respect to the Participant or refuse or withdraw the consents herein in writing,
in any case without cost, by contacting his or her local human resources representative. The Company may cancel the Participant’s
ability to participate in the Plan and, in the Committee’s discretion, the Participant may forfeit any outstanding Awards if the
Participant refuses or withdraws his or her consents as described herein. For more information on the consequences of refusal to consent
or withdrawal of consent, Participants may contact their local human resources representative.

 

    	-11-

     

    

 

21.
Withholding. All payments or distributions made pursuant to the Plan shall be net of any amounts required to be withheld pursuant
to applicable federal, state and local tax withholding requirements. If the Company proposes or is required to distribute Common Stock
pursuant to the Plan, it may require the recipient to remit to it an amount sufficient to satisfy such tax withholding requirements prior
to the delivery of any certificates for such Common Stock. The Committee may, in its sole discretion and subject to such rules as it
may adopt, permit an Award holder to pay all or a portion of the minimum (or such greater amount as the Committee permits) required federal,
state and local withholding obligations arising in connection with (a) a Stock Option or an Equity Appreciation Right or (b) the receipt
or vesting of a Restricted Stock Award or a Performance Award, by electing to have the Company withhold shares of Common Stock having
a Fair Market Value equal to the amount to be withheld.

 

22.
Code Section 409A. The Plan, and Awards granted under it, are intended to be administered in a manner so that awards thereunder
are exempt from Section 409A except to the extent specifically provided otherwise in an Award agreement. For avoidance of doubt, Stock
Options and Equity Appreciation Rights are intended to qualify for the stock rights exemptions from Section 409A of the Code (“Section
409A”). Where reasonably possible and practicable, the Plan shall be administered in a manner to avoid the imposition on
Participants of immediate tax recognition and additional taxes pursuant to such Section 409A. Notwithstanding the foregoing, neither
the Company nor the Committee shall have any liability to any person in the event Section 409A applies to any such Award in a manner
that results in adverse tax consequences for the Participant or any of his or her transferees.

 

23.
Duration, Amendment and Termination. This Plan shall terminate upon the earlier of a termination by the Board, at such time as
there shall be no remaining shares available for grant hereunder, or the ten-year anniversary of effective date. Also, by mutual agreement
between the Company and a Participant hereunder, under this Plan or under any other present or future plan of the Company, Awards may
be granted to such Participant in substitution and exchange for, and in cancellation of, any Awards previously granted such Participant
under this Plan, or any other present or future plan of the Company. The Board may amend the Plan from time to time or terminate the
Plan at any time, subject to any requirement of stockholder approval required by applicable law, regulation, or stock exchange rule.
The Board may amend the terms of any previously-granted Award agreement, but only if (a) the Board determines that such change is necessary
or desirable for legal compliance reasons; (b) the amendment is beneficial to the Participant; or (c) the Participant consents to such
amendment.

 

    	-12-

     

    

 

24.
Governing Law. This Plan and actions taken in connection herewith shall be governed and construed in accordance with the laws
of the State of Delaware (regardless of the law that might otherwise govern under applicable Delaware principles of conflict of laws).

 

25.
Provisions Applicable to California residents. The following provisions are intended to satisfy the requirements of Section 25102(o)
of the California Corporations Code and the regulations issued thereunder (“Section 25102(o)”). Notwithstanding
anything to the contrary contained in the Plan and except as otherwise determined by the Committee, the provisions set forth in this
supplement shall apply to all Awards granted under the Plan to a Participant who is a resident of the State of California on the date
of grant (a “California Participant”) and which are intended to be exempt from registration in California pursuant
to Section 25102(o), and otherwise to the extent required to comply with applicable laws (but only to such extent).

 

(a)
The amount of securities issued pursuant to the Plan shall not exceed the amounts permitted under Section 260.140.45 of the California
code of regulations to the extent applicable.

 

(b)
The terms of all Awards shall comply, to the extent applicable, with section 260.140.41 and 260.140.42 of the California code of regulations.

 

(c)
The company shall provide to each California Participant, not less frequently than annually, copies of annual financial statements (which
need not be audited). The Company shall not be required to provide such statements to key persons whose duties in connection with the
Company assure their access to equivalent information. In addition, this information requirement shall not apply to any plan or agreement
that complies with all conditions of Rule 701 of the Securities Act of 1933, as amended; provided, that for purposes of determining
such compliance, any registered domestic partner shall be considered a “family member” as that term is defined in Rule 701.

 

26.
Board and Stockholder Approval. The Plan was adopted by the Board on [______], 2022 and was approved by the Company’s
stockholders on [______], 2022.

 

27.
Shareholder Agreements. Notwithstanding anything to the contrary herein, it shall be a condition to the receipt of any shares
of Common Stock of the Company hereunder that the Participant executes the Company’s ROFR/CoSale or similar agreements, each as
amended from time to time, as required by the Company, the Board or the Committee. In the event that the Participant fails to do so,
then the Participant’s right to receive any shares of Common Stock of the Company shall be forfeited immediately.

 

    	-13-

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