Document:

GEORGETOWN CORPORATION

2012 EQUITY COMPENSATION INCENTIVE PLAN

 

1.           Purpose
and Eligibility

 

The purpose of this
2012 Equity Compensation Incentive Plan (the “Plan”) of Georgetown Corporation (the “Company”)
is to provide equity ownership opportunities in the Company (each an “Award”) to employees, officers, directors,
consultants and advisors of the Company and its Subsidiaries, all of whom are eligible to receive Awards under the Plan.  Any
person to whom an Award has been granted under the Plan is called a “Participant.”  Additional definitions
are contained in Section 10(a).

 

2.           Administration

 

a.           Administration.  The
Plan will be administered by the Board of Directors of the Company (the “Board”) until a committee (the “Committee”)
composed solely of members of the Board that are “independent,” as defined pursuant to Rule 10A-3(b)(1) of the Securities
Exchange Act of 1934, as amended, and as prescribed under the rules of either a national securities exchange or Nasdaq (as defined
in Section 10), depending on where the Common Stock is then traded, is formed to, among other things, administer this Plan; provided,
however, that at any time and on any one or more occasions the Board may itself exercise any of the powers and responsibilities
assigned the Committee under the Plan and when so acting shall have the benefit of all of the provisions of the Plan pertaining
to the Committee’s exercise of its authority hereunder.  The Board and thereafter when formed, the Committee (each
referred to herein as the “Administrator”), in its sole discretion, shall have the authority to grant Awards,
to adopt, amend and repeal rules relating to the Plan, to interpret and correct the provisions of the Plan and any Award, and,
subject to the limitations of the Plan, to modify and amend any Award.  All decisions by the Administrator shall be final
and binding on all interested persons.  Neither the Company nor any member of the Administrator shall be liable for any
action or determination relating to the Plan.

 

b.           Delegation
to Executive Officers.  To the extent permitted by applicable law, the Administrator may delegate to one or more
executive officers of the Company the power to grant Awards and exercise such other powers under the Plan as the Administrator
may determine; provided, however, that the Administrator shall fix the maximum number of Awards to be granted and the maximum
number of shares issuable to any one Participant pursuant to Awards granted by such executive officer or officers.  The
Administrator may, by a resolution adopted by the Administrator, authorize one or more executive officers of the Company to do
one or both of the following: (i) designate employees of the Company or of any of its Subsidiaries to be recipients of Awards and
(ii) determine the number, type and terms of such Awards to be received by such employees, subject to the limitations of the Plan;
provided, however, that, in each case, the resolution so authorizing such officer or officers shall specify the maximum
number and type of Awards such officer or officers may so award.  The Administrator may not authorize an officer to designate
himself or herself as a recipient of any such Awards or to grant Awards to other executive officers of the Company.

 

3.           Stock
Available for Awards

 

a.           Number
of Shares.  Subject to adjustment under Section 3(c), the aggregate number of shares (the “Authorized
Shares”) of the Company’s common stock, $0.00001 par value per share (the “Common Stock”), which
may be issued pursuant to the Plan shall be 25,000,000 shares of Common Stock.  If any Award expires, is terminated,
surrendered, forfeited, expires unexercised, is settled in cash in lieu of Common Stock or is exchanged for other Awards, in whole
or in part, the unissued Common Stock covered by such Award shall again be available for the grant of Awards under the Plan. Shares
issued under the Plan may consist in whole or in part of authorized but unissued shares.

 

b.           Per-Participant
Limit.  Subject to adjustment under Section 3(c), no Participant may be granted stock-based Awards during any
one fiscal year to purchase more than 5,000,000 shares of Common Stock.

 

    	 

    	 

    
 

c.           Adjustment
to Common Stock.  In the event of any stock split, stock dividend, extraordinary cash dividend, recapitalization,
reorganization, merger, consolidation, combination, exchange of shares, liquidation, spin-off, split-up, or other similar change
in capitalization or event, (i) the number and class of securities available for Awards under the Plan and the per-Participant
share limit, (ii) the number and class of securities, vesting schedule and exercise price per share subject to each outstanding
stock-based Award, (iii) the repurchase price per security subject to repurchase, and (iv) the terms of each other outstanding
stock-based Award shall be adjusted by the Company (or substituted Awards may be made) to the extent the Administrator shall determine,
in good faith, that such an adjustment (or substitution) is appropriate. If Section 8(f)(i) applies for any event, this Section 3(c)
shall not be applicable.

 

d.           Fractional
Shares.  No fractional shares shall be issued under the Plan and the Participant shall, at the Administrator’s
discretion, receive either cash in lieu of such fractional shares or no share for each fractional share.

 

4.           Stock
Options

 

a.           General.  The
Administrator may grant options to purchase Common Stock (each, an “Option”) and determine the terms and conditions
of each Option, including, but not limited to (i) the number of shares subject to such Option or a formula for determining
such, (ii) subject to Section 4(e) hereof, the exercise price of the Options and the means of payment for the shares,
(iii) the Performance Criteria (as defined in Section 8(d)), if any, and level of achievement of such Performance Criteria
that shall determine the number of shares or Options granted, issued, retainable and/or vested, (iv) the terms and conditions
of the grant, issuance and/or forfeiture of the shares or Options, and (v) such further terms and conditions as may be determined
from time to time by the Administrator, in each case not inconsistent with this Plan.

 

b.           Incentive
Stock Options.  An Option that the Administrator intends to be an “incentive stock option” as defined
in Section 422 of the Code (an “Incentive Stock Option”) shall be granted only to employees of the Company
and shall be subject to and shall be construed consistently with the requirements of Section 422 of the Code.  The
Administrator and the Company shall have no liability if an Option or any part thereof that is intended to be an Incentive Stock
Option does not qualify as such.

 

c.           Nonstatutory
Stock Options.  An Option or any part thereof that does not qualify as an Incentive Stock Option is referred to herein
as a “Nonstatutory Stock Option.”

 

d.           Dollar
Limitation.  For so long as the Code shall so provide, Options granted to any employee under the Plan (and any other
plans of the Company) which are intended to constitute Incentive Stock Options shall not constitute Incentive Stock Options to
the extent that such Options, in the aggregate, become exercisable for the first time in any one calendar year for shares of Common
Stock with an aggregate Fair Market Value (as defined in Section 10 and determined as of the respective date or dates of grant)
of more than $100,000 (or such other limit as may be provided by the Code).  To the extent that any such Incentive Stock
Options exceed the $100,000 limitation (or such other limit as may be provided by the Code), such Options shall be Nonstatutory
Stock Options.

 

e.           Exercise
Price.  The Administrator shall establish the exercise price (or determine the method by which the exercise price
shall be established) at the time each Option is granted and specify the exercise price in the applicable Option agreement; provided,
however, that the exercise price per share specified in the agreement relating to each Option granted under the Plan shall
not be less than the Fair Market Value per share of Common Stock on the date of such grant.  In the case of an Incentive
Stock Option to be granted to an employee owning stock possessing more than ten percent (10%) of the total combined voting
power of all classes of stock of the Company, the price per share specified in the agreement relating to such Incentive Stock Option
shall not be less than one hundred ten percent (110%) of the Fair Market Value per share of Common Stock on the date of grant
(or such other limit as may be provided by the Code). For purposes of determining stock ownership under this subsection, the rules
of Section 424(d) of the Code shall apply.  Subject to Section 3(c), an Option may not be amended subsequent to
its issuance to reduce the price at which it is exercisable unless such amendment is approved by the Company’s shareholders.

 

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f.           Duration
of Options.  Each Option shall be exercisable at such times and subject to such terms, conditions and expiration
as the Administrator may specify in the applicable Option agreement; provided, however, that no Option shall be exercisable
for a period of time greater than seven (7) years from the date of grant of such Option; provided, further, however,
that Incentive Stock Options granted to an employee owning stock possessing more than ten percent (10%) of the total combined
voting power of all classes of stock of the Company shall be exercisable for a maximum of five (5) years from the date of grant
of such Option (or such other limit as may be provided by the Code).  For purposes of determining stock ownership under
this subsection, the rules of Section 424(d) of the Code shall apply.

 

g.           Vesting
of Options.  Subject to Sections 8(f), 8(i) and 8(k), at the time of the grant of an Option, the Administrator
shall establish a vesting date or vesting dates with respect to the shares of Common Stock covered by such Options; provided,
however, that an Option may be fully vested on the date of grant if so determined by the Administrator.  The Administrator
may establish vesting dates based upon the passage of time and/or the satisfaction of Performance Criteria or other conditions
as deemed appropriate by the Administrator.

 

h.         
  Exercise of Option.  Options may be exercised only by delivery to the Company at its principal office
address or to such transfer agent as the Company shall designate of a written notice of exercise specifying the number of shares
as to which such Option is being exercised, signed by the proper person, together with payment in full as specified in Section 4(i)
for the number of shares for which the Option is exercised.

 

i.          
  Payment Upon Exercise.  Common Stock purchased upon the exercise of an Option shall be paid for by
one or any combination of the following forms of payment:

 

(i)           in
United States dollars in cash or by check payable to order of the Company;

 

(ii)           at
the discretion of the Administrator, through delivery of shares of Common Stock having a Fair Market Value equal as of the date
of the exercise to the cash exercise price of the Option, provided, however, that such shares were not acquired by the Participant
in the prior six months;

 

(iii)           at
the discretion of the Administrator and consistent with applicable law, through the delivery of an assignment to the Company of
a sufficient amount of the proceeds from the sale of the Common Stock acquired upon exercise of the Option and an authorization
to the broker or selling agent to pay that amount to the Company, which sale shall be at the Participant’s direction at the
time of exercise; or

 

(iv)           at
the discretion of the Administrator, by any combination of (i), (ii), or (iii) above.

 

If the Administrator
exercises its discretion to permit payment of the exercise price of an Incentive Stock Option by means of the methods set forth
in clauses (ii), (iii) or (iv) of the preceding sentence, such discretion shall be exercised in writing in the instrument
evidencing the Award of the Incentive Stock Option.

 

j.         
  Notice to Company of Disqualifying Disposition.  By accepting an Incentive Stock Option granted under
the Plan, each optionee agrees to notify the Company in writing immediately after such optionee makes a disqualifying disposition
of any stock acquired pursuant to the exercise of the Incentive Stock Options.  A “disqualifying disposition”
is generally any disposition occurring on or before the later of (a) the date two years following the date the Incentive Stock
Option was granted or (b) the date one year following the date the Incentive Stock Option was exercised.

 

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k.        
   Issuances of Securities.  Except as provided in Section 3(c) or as otherwise expressly
provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of
any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares subject
to Options.  No adjustments shall be made for dividends paid in cash or in property other than securities of the Company. 

 

5.           Restricted
Stock

 

a.           Grants.  The
Administrator may grant Awards entitling recipients to acquire shares of Common Stock, subject to (i) delivery to the Company
by the Participant of cash, a check or other sufficient legal consideration in an amount at least equal to the par value of the
shares purchased, (ii) the right of the Company to repurchase or reacquire all or part of such shares at their issue price
or other stated or formula price from the Participant in the event that conditions specified by the Administrator in the applicable
Award are not satisfied prior to the end of the applicable restriction period or periods established by the Administrator for such
Award (each, a “Restricted Stock Award ”), and (iii) Section 5(b).

 

b.           Terms
and Conditions.  A Participant that is the holder of a Restricted Stock Award, whether vested or unvested, shall
be entitled to enjoy all shareholder rights with respect to the shares of Common Stock underlying such Restricted Stock Award,
including the right to receive dividends and vote such shares. Subject to Section 5(c), the Administrator shall determine
all terms and conditions of any such Restricted Stock Award, including, but not limited to (i) the number of shares subject
to such Restricted Stock Award or a formula for determining such, (ii) the purchase price of the shares, if any, and the means
of payment for the shares, (iii) the Performance Criteria, if any, and level of achievement of such Performance Criteria that
shall determine the number of shares granted, issued, retainable and/or vested, (iv) the terms and conditions on the grant,
issuance and/or forfeiture of the shares, and (v) such further terms and conditions as may be determined from time to time
by the Administrator, in each case not inconsistent with this Plan.  At the Administrator’s election, shares of
Common Stock issued in respect of a Restricted Stock Award may be (i) held in book entry form subject to the Company’s
instructions until any restrictions relating to the Restricted Stock Award lapses, or (ii) evidenced by a stock certificate
that may bear a legend indicating that the ownership of the shares of Common Stock represented by such certificate is subject to
the restrictions, terms and conditions of this Plan and the Restricted Stock Award.  Any stock certificates issued in
respect of a Restricted Stock Award shall be registered in the name of the Participant.  All certificates registered
in the name of the Participant shall, unless otherwise determined by the Administrator, be deposited by the Participant, together
with a stock power endorsed in blank, with the Company (or its designee).  After the expiration of the applicable restriction
periods, the Company (or such designee) shall deliver the certificates no longer subject to such restrictions to the Participant
or, if the Participant has died, to the beneficiary designated by the Participant, in a manner determined by the Administrator,
to receive amounts due or exercise rights of the Participant in the event of the Participant’s death (the “Designated
Beneficiary”).  In the absence of an effective designation by a Participant, Designated Beneficiary shall mean
the Participant’s estate.

 

c.           Vesting
of Restricted Stock.  Subject to Section 8(f) and Section 8(i), at the time of the grant of a Restricted
Stock Award, the Administrator shall establish a vesting date or vesting dates with respect to the shares of Common Stock covered
by such Restricted Stock Award, which vesting dates may be based upon the passage of time and/or the satisfaction of Performance
Criteria or other conditions as deemed appropriate by the Administrator; provided, however, that all Restricted Stock Awards,
other than Awards granted under Section 8(k), shall vest in one or more installments over a period of no less than one (1) year.

 

6.           Restricted
Stock Unit

 

a.           Grants.  The
Administrator may grant Awards entitling recipients to acquire shares of Common Stock in the future, with the future delivery of
the Common Stock subject to a risk of forfeiture or other restrictions that will lapse upon the satisfaction of one or more specified
conditions (each, a “Restricted Stock Unit”).

 

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b.           Terms
and Conditions.  Subject to Section 6(c), the Administrator shall determine all terms and conditions of any
such Restricted Stock Unit, including, but not limited to (i) the number of shares subject to such Restricted Stock Unit or
a formula for determining such, (ii) the purchase price of the shares, if any, and the means of payment for the shares, (iii) the
Performance Criteria, if any, and level of achievement of such Performance Criteria that shall determine the number of shares granted,
issued, retainable and/or vested, (iv) the terms and conditions on the grant, issuance and/or forfeiture of the shares, and
(v) such further terms and conditions as may be determined from time to time by the Administrator, in each case not inconsistent
with this Plan.  A Participant shall not be entitled to any shareholder rights with respect to any Restricted Stock Unit,
and may not vote the shares represented by a Restricted Stock Unit or, subject to Section 3(c), receive dividends with respect
to the shares represented by the Restricted Stock Unit.  A Restricted Stock Unit may be settled in cash or Common Stock,
as determined by the Administrator, with the amount of the cash payment based on the Fair Market Value of the shares of Common
Stock at the time of vesting.  Any such settlements may be subject to such conditions, restrictions and contingencies
as the Administrator shall establish.

 

c.           Vesting
of Restricted Stock Unit.  Subject to Section 8(f) and Section 8(i), at the time of the grant of a Restricted
Stock Unit, the Administrator shall establish a vesting date or vesting dates with respect to the shares of Common Stock covered
by such Restricted Stock Unit, which vesting dates may be based upon the passage of time and/or the satisfaction of Performance
Criteria or other conditions as deemed appropriate by the Administrator; provided, however, that all Awards of Restricted
Stock Units, other than Awards granted under Section 8(k), shall vest in one or more installments over a period of no less
than one (1) year.

 

7.           Other
Stock-Based Awards

 

The Administrator shall
have the right to grant other Awards based upon the Common Stock and having such terms and conditions as the Administrator may
determine, including, without limitation, the grant of shares based upon certain conditions, past services and/or Performance Criteria,
the grant of securities convertible into Common Stock and the grant of stock units.  The Administrator shall determine
the terms and conditions of any such Awards, including, but not limited to (i) the number of shares subject to such Award
or a formula for determining such, (ii) the purchase price of the shares, if any, and the means of payment for the shares,
(iii) the Performance Criteria, if any, and level of achievement of such Performance Criteria that shall determine the number
of shares granted, issued, retainable and/or vested, (iv) the terms and conditions on the grant, issuance and/or forfeiture
of the shares or Award, and (v) such further terms and conditions as may be determined from time to time by the Administrator,
in each case not inconsistent with this Plan. Subject to Section 8(f) and Section 8(i), at the time of the grant of an
Award under this Section 7, the Administrator shall establish a vesting date or vesting dates with respect to such Award,
which vesting date may be based upon the passage of time and/or the satisfaction of Performance Criteria or other conditions as
deemed appropriate by the Administrator; provided, however, that all Full Value Awards granted under this Section 8,
other than Full Value Awards granted under Section 8(k) herein, shall vest in one or more installments over a period of no
less than one (1) year.

 

8.           General
Provisions Applicable to Awards

 

a.           Transferability
of Awards.  Except as the Administrator may otherwise determine or provide in an Award, Awards shall not be sold,
assigned, transferred, pledged or otherwise encumbered by the person to whom they are granted, either voluntarily or by operation
of law, except by will or the laws of descent and distribution, and, during the life of the Participant, shall be exercisable only
by the Participant, provided, however, that Nonstatutory Stock Options may be transferred to a grantor-retained annuity
trust or a similar estate-planning vehicle in which the trust is bound by all provisions of the Option which are applicable to
the Participant.  References to a Participant, to the extent relevant in the context, shall include references to authorized
transferees of such an Option.

 

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b.           Documentation.  Each
Award granted under the Plan shall be evidenced by a written Award agreement in such form as the Administrator shall from time
to time approve.  Award agreements shall comply with the terms and conditions of the Plan and may contain such other
provisions not inconsistent with the terms and conditions of the Plan as the Administrator shall deem advisable.  In
the case of an Incentive Stock Option, the Award agreement shall contain, or refer to, such provisions relating to exercise and
other matters as are required of “incentive stock options” under the Code.  Award agreements may be evidenced
by an electronic transmission (including an e-mail or reference to a website or other URL) sent to the Participant through the
Company’s normal process for communicating electronically with its employees.  As a condition to receiving an Award,
the Administrator may require the Participant to affirmatively accept the Award and agree to the terms and conditions set forth
in the Award agreement by physically and/or electronically executing the Award agreement or by otherwise physically and/or electronically
acknowledging such acceptance and agreement.  With or without such affirmative acceptance, however, the Administrator
may prescribe conditions (including the exercise or attempted exercise of any benefit conferred by the Award) under which the proposed
Participant may be deemed to have accepted the Award and agreed to the terms and conditions set forth in the Award agreement.

 

c.           Administrator
Discretion.  The terms of each type of Award need not be identical, and the Administrator need not treat Participants
uniformly.

 

d.           Performance
Criteria.  For purposes of this Plan, the term “Performance Criteria” shall mean any one or more
of the following performance criteria, applied to either the Company as a whole or to a division, business unit or Subsidiary,
and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target,
to previous years’ results or to a designated comparison group, in each case as specified by the Administrator in the Award:
cash flow; earnings per share; earnings before interest, taxes and amortization; return on equity; total shareholder return; share
price performance; return on capital; return on assets or net assets; revenue; income or net income; operating income or net operating
income; operating profit or net operating profit; operating margin or profit margin; return on operating revenue; return on invested
capital; market segment share; product release schedules; new product innovation; product cost reduction; brand recognition/acceptance;
product ship targets; process improvement results; verification of business strategy and/or business plan; improvement of strategic
position; adaptation to changes in the marketplace or environment; customer satisfaction; or such other criteria as may be determined
by the Administrator.  If the Award so provides, the Administrator may appropriately evaluate achievement against Performance
Criteria to take into account any of the following events that occurs during a performance period: asset write-downs; litigation
or claim judgments or settlements; the effect of changes in tax law; accounting principles or other such laws or provisions affecting
reported results; accruals for reorganization and restructuring programs and any extraordinary non-recurring charges or other events.  The
Administrator may prescribe the foregoing criteria either individually or in combination.  The Administrator’s
determination of the achievement of any Performance Criteria shall be conclusive.

 

e.      
     Termination of Status.  Except as otherwise specified herein, the Administrator
shall determine the effect on an Award of the disability, death, retirement, authorized leave of absence or other change in the
employment or other status of a Participant and the extent to which, and the period during which, the Participant, or the Participant’s
legal representative, conservator, guardian or Designated Beneficiary, may exercise rights under the Award under such circumstances,
subject to applicable law and the provisions of the Code.

 

f.        
   Acquisition or Liquidation of the Company.

 

(i)           Consequences
of an Acquisition.  If the Company is to be consolidated with or acquired by another entity in a merger or other
reorganization in which the holders of the outstanding voting stock of the Company immediately preceding the consummation of such
event shall, immediately following such event, hold, as a group, less than a majority of the voting securities of the surviving
or successor entity or its ultimate parent, or in the event of a sale of all or substantially all of the Company’s assets
(each, an “Acquisition”), the Administrator or the board of directors of any entity assuming the obligations
of the Company hereunder (the “Successor Administrator”), shall, as to outstanding Awards, either (A) make
appropriate provision for the continuation of such Awards by substituting on an equitable basis for the shares then subject to
such Awards either (1) the consideration payable with respect to the outstanding shares of Common Stock in connection with
the Acquisition, (2) shares of stock of the surviving or successor corporation, or (3) such other securities as the Administrator
or the Successor Administrator deems appropriate, the Fair Market Value of which shall not materially exceed the Fair Market Value
of the shares of Common Stock subject to such Awards immediately preceding the Acquisition; or (B) upon written notice to
the Participants, provide that all Awards must be exercised, to the extent then exercisable or to be exercisable as a result of
the Acquisition, within a specified number of days of the date of such notice, at the end of which period the Awards shall terminate;
or (C) terminate all Awards in exchange for a cash payment equal to the excess, if any, of the Fair Market Value of the shares
subject to such Awards (to the extent then exercisable or to be exercisable as a result of the Acquisition) over the exercise price
thereof, if any; or (D) in the case of Awards that may be settled in whole or in part in cash, provide for equitable treatment
of such Awards.

 

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(ii)           Substitution
of Awards Upon Certain Events.  In connection with a merger or consolidation of an entity with the Company or the
acquisition by the Company of property or stock of an entity, the Administrator may grant Awards under the Plan in substitution
for stock and stock-based awards issued by such entity or an affiliate thereof.  The substitute Awards shall be granted
on such terms and conditions as the Administrator considers appropriate in the circumstances.

 

(iii)           Liquidation
or Dissolution.  In the event of the proposed liquidation or dissolution of the Company, each Award, to the extent
not then exercised or vested, will terminate immediately prior to the consummation of such proposed action or at such other time
and subject to such other conditions as shall be determined by the Administrator.

 

(iv)           Withholding.  Each
Participant shall pay to the Company, or make provisions satisfactory to the Company for payment, of any taxes required by law
to be withheld in connection with Awards to such Participant no later than the date of the event creating the tax withholding obligation.  The
Administrator may allow Participants to satisfy such tax withholding obligations in whole or in part by transferring shares of
Common Stock, including shares retained from the Award creating the tax obligation, valued at their Fair Market Value.  The
Company may, to the extent permitted by law, deduct any such tax obligations from any payment of any kind otherwise due to a Participant.

 

g.           Amendment
of Awards.  The Administrator may amend, modify or terminate any outstanding Award including, but not limited to,
substituting therefore another Award of the same or a different type, changing the date of exercise or realization, the vesting
provisions (subject to the minimum vesting requirements set forth herein), Performance Criteria, or level of achievement of Performance
Criteria, and converting an Incentive Stock Option to a Nonstatutory Stock Option; provided, however, that, except as otherwise
provided in Section 8(f)(i), the Participant’s consent to such action shall be required unless the Administrator determines
that the action, taking into account any related action, would not materially and adversely affect the Participant; provided,
further, however, that subject to Section 3(c), an Option may not be amended subsequent to its issuance either to reduce
the price at which such previously issued Option is exercisable or to extend the period of time for which such previously-issued
Option shall be exercisable beyond seven (7) years unless such amendment is approved by the Company’s shareholders.  Furthermore,
no Option shall be canceled and replaced with Options having a lower exercise price unless such cancellation and exchange is approved
by the Company’s shareholders.

 

h.           Conditions
on Delivery of Stock.  The Company will not be obligated to deliver any shares of Common Stock pursuant to the Plan
or to remove restrictions from shares previously delivered under the Plan until (i) all conditions of the Award have been
met or removed to the satisfaction of the Company, (ii) in the opinion of the Company’s counsel, all other legal matters
in connection with the issuance and delivery of such shares have been satisfied, including any applicable securities laws and any
applicable stock exchange or stock market rules and regulations, (iii) the Participant has executed and delivered to the Company
such representations or agreements as the Company may consider appropriate to satisfy the requirements of any applicable laws,
rules or regulations, and (iv) the Participant has paid to the Company, or made provisions satisfactory to the Company for
payment of, any taxes required by law to be withheld in connection with the Award.

 

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i.           Acceleration.  The
Administrator may at any time provide (i) that any Option shall become immediately exercisable in full or in part, (ii) that
Awards that may be settled in whole or in part in cash may become immediately exercisable in full or in part, and (iii) in
connection with the disability, death, or retirement of, or cessation of status as, a Participant or in connection with an event
contemplated by Section 8(f)(i), (A) that any Restricted Stock Award or Restricted Stock Unit shall become exercisable
in full or in part or shall be free of some or all restrictions or the risk of forfeiture or (B) that any other Full Value
Award shall become exercisable in full or in part or free of some or all restrictions or conditions, or otherwise realizable in
full or in part, as the case may be.  The Administrator may take the actions contemplated by the preceding sentence despite
the fact that such actions may (x) cause the application of Sections 280G and 4999 of the Code if an event contemplated by
Section 8(f)(i) occurs, or (y) disqualify all or part of an Option as an Incentive Stock Option. In the event of the
acceleration of the exercisability of one or more outstanding Options, including pursuant to Section 8(f)(i), the Administrator
may provide, as a condition of accelerated exercisability of any or all such Options, that the Common Stock or other substituted
consideration, including cash, as to which exercisability has been accelerated shall be restricted and subject to forfeiture back
to the Company at the election of the Company at the cost thereof upon termination of employment or other relationship, with the
timing and other terms of the vesting of such restricted Common Stock or other consideration being not less favorable to the Participant
than the timing and other terms of the superseded vesting schedule of the related Option.

 

j.           Option
Award Exchange.  The Administrator may, from time to time, upon obtaining shareholder approval therefor, undertake
an exchange program under which employees deemed eligible by the Administrator may elect to surrender for cancellation then existing
Awards under the Plan or outstanding, unexercised options previously granted under the Company’s 2004 Employee Stock Option
Plan that have, at the time, an exercise price at or above a level determined by the Board of Directors or the Administrator in
exchange for cash and/or another Award under the Plan, the form of such consideration to be determined by the Administrator.

 

k.           Exception
to Minimum Vesting Periods.  The Administrator may grant up to 20% of the maximum, aggregate shares of Common Stock
authorized for issuance hereunder in the form of Restricted Stock Awards, Restricted Stock Units and other Awards based upon Common
Stock that do not comply with the minimum vesting periods set forth in Sections 5(c), 6(c) and 7.

 

l.           Compliance
with Section 409A.  Any other provision of the Plan or any Award to the contrary notwithstanding, the Plan and
every Award hereunder shall be construed, administered and enforced as necessary to comply with applicable requirements of Section 409A
of the Code and the Treasury and IRS rulings and regulations issued thereunder, so that no Participant shall (without such Participant’s
express written consent) incur any of the additional tax or interest liabilities of Section 409A(a)(B) of the Code with respect
to any Award.  The Plan and each Award are hereby modified and limited as necessary to comply with applicable requirements
of Section 409A.

 

 9.           Foreign
Jurisdictions

 

To the extent that
the Administrator determines that the material terms set by the Administrator or imposed by the Plan preclude the achievement of
the material purposes of the Plan in jurisdictions outside the United States, the Administrator will have the authority and discretion
to modify those terms and provide for such other terms and conditions as the Administrator determines to be necessary, appropriate
or desirable to accommodate differences in local law, policy or custom or to facilitate administration of the Plan.  The
Administrator may adopt or approve sub-plans, appendices or supplements to, or amendments, restatements or alternative versions
of, the Plan as it may consider necessary, appropriate or desirable for such purpose, without thereby affecting the terms of the
Plan as in effect for any other purpose.  The special terms and any appendices, supplements, amendments, restatements
or alternative versions, however, shall not include any provisions that are inconsistent with the terms of the Plan as then in
effect, unless the Plan could have been amended to eliminate such inconsistency without further approval by the shareholders.  The
Administrator shall also have the authority and discretion to delegate the foregoing powers to officers of the Company.

 

    	-8-

    	 

    
 

10.          Miscellaneous

 

a.           Definitions.

 

(i)           “Company”
for purposes of eligibility under the Plan, shall include World Surveillance Group Inc. and any present or future subsidiary corporations
of World Surveillance Group Inc., as defined in Section 424(f) of the Code (a “Subsidiary”), and any present
or future parent corporation of World Surveillance Group Inc., as defined in Section 424(e) of the Code. For purposes of Awards
other than Incentive Stock Options, the term “Company” shall include any other entity in which the Company has a direct
or indirect significant interest, as determined by the Administrator in its sole discretion.

 

(ii)           “Code”
means the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder.

  

(iii)           “Employee”
for purposes of eligibility under the Plan shall include a person to whom an offer of employment has been extended by the Company
and who has actually commenced employment with the Company, whether full or part-time status.

 

(iv)           “Fair
Market Value” of the Company’s Common Stock on any date means (i) the closing price (on that date) of the
Common Stock on the principal national securities exchange on which the Common Stock is traded, if the Common Stock is then traded
on a national securities exchange; or (ii) the last reported sale price (on that date) of the Common Stock on the NASDAQ Global
Select Market, the NASDAQ Global Market or the NASDAQ Capital Market (collectively, “Nasdaq”), if the Common
Stock is not then traded on a national securities exchange; or (iii) the average of the closing bid and asked prices last
quoted (on that date) by an established quotation service for over-the-counter securities, if the Common Stock is not then traded
on a national securities exchange or reported on the Nasdaq; or (iv) if the Common Stock is not publicly traded, the fair
market value of the Common Stock as determined by the Administrator after taking into consideration all factors which it deems
appropriate, including, without limitation, recent sale and offer prices of the Common Stock in private transactions negotiated
at arm’s length; provided, however, that, in all events the Fair Market Value shall represent the Administrator’s
good faith determination of the fair market value of the Common Stock.  The Administrator’s determination shall
be conclusive as to the Fair Market Value of the Common Stock.

 

(v)           “Full
Value Awards” means Restricted Stock, Restricted Stock Units and Awards other than (a) Options or (b) other stock-based
Awards for which the Participant pays the intrinsic value (whether directly or by forgoing a right to receive a cash payment from
the Company).

 

b.           Legal
Consideration for Issuance of Shares.  Unless otherwise determined by the Administrator, in the case of Awards of
Restricted Stock, Restricted Stock Units, or Awards that are settled in whole or in part with shares of Common Stock, to the extent
such Awards do not otherwise require the payment by the Participant of cash consideration that exceeds the par value of the shares
of Common Stock received in connection therewith, the services rendered or to be rendered by the Participant shall satisfy the
legal requirement of payment of par value for such shares of Common Stock.

 

c.           No
Right To Employment or Other Status.  No person shall have any claim or right to be granted an Award, and the grant
of an Award shall not be construed as giving a Participant the right to continued employment or any other relationship with the
Company.  The Company expressly reserves the right at any time to dismiss or otherwise terminate its relationship with
a Participant free from any liability or claim under the Plan.

 

d.           No
Rights As Shareholder.  Subject to the provisions of the applicable Award, no Participant or Designated Beneficiary
shall have any rights as a shareholder with respect to any shares of Common Stock to be distributed with respect to an Award until
becoming the record holder thereof.

 

e.           Effective
Date and Term of Plan.  The Plan shall become effective on the date on which it is approved by the shareholders of
the Company (the “Effective Date”).  No Awards shall be granted under the Plan after the completion
of ten (10) years from the Effective Date, but Awards previously granted may extend beyond that date. 

 

    	-9-

    	 

    
 

f.           Amendment
of Plan.  The Administrator may amend this Plan at any time, provided that any material amendment to the Plan will
not be effective unless approved by the Company’s shareholders.  For this purpose, a material amendment is any
amendment that would (i) other than pursuant to Section 3(c), materially increase either the aggregate number of shares
of Common Stock available for issuance under the Plan or the maximum number of shares of Common Stock issuable in one fiscal year
to a Participant; (ii) expand or limit the class of persons eligible to receive Awards or otherwise participate in the Plan;
(iii) subject to Section 3(c), reduce the price at which a previously-issued Option is exercisable or extend the period
of time for which a previously-issued Option shall be exercisable beyond seven (7) years; (iv) subject to Section 8(f)
and Section 8(i), amend the minimum vesting provisions of Full Value Awards; or (v) require shareholder approval pursuant
to the requirements of Nasdaq and/or any other securities exchange on which the Company’s Common Stock is then listed or
pursuant to applicable law.

 

g.           Governing
Law.  The provisions of the Plan and all Awards made hereunder shall be governed by and interpreted in accordance
with the laws of the State of Nevada, exclusive of reference to rules and principles of conflicts of law.

 

    	-10-GEORGETOWN CORP.

 

Code of Ethics and Business Conduct

 

 

The commitment to excellence is fundamental
to the philosophy of Georgetown Corp. and its subsidiaries (“Georgetown” or the “Company”). In pursuit
of that commitment, we strive to achieve the highest business and personal ethical standards as well as compliance with the laws
that apply to our business.

 

This Code of Ethics and Business Conduct
(the “Code”) is intended to provide you with a clear understanding of the principles of ethics and business conduct
that are expected of you in your daily work and to promote: (1) honest and ethical conduct by the directors, officers, and employees
of the Company, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;
(2) full, fair, accurate, timely, and understandable disclosure in reports and documents that the Company files with, or submits
to, the United States Securities and Exchange Commission (“SEC”) and in other public communications made by the Company;
(3) accurate, complete and understandable business records and financial reports; (4) compliance with applicable governmental laws,
rules, and regulations; (5) compliance with the policies and procedures of the Company; (6) the protection and proper use of corporate
assets and opportunities; (7) the confidentiality of corporate information; (8) the prompt internal reporting of any violations
of this Code or other illegal or unethical behavior; and (9) accountability for adherence to the Code.

 

The principles outlined in the Code apply
to the Company’s employees (including temporary employees hired through agencies and consultants), officers and directors
(collectively referred to in this Code as “employees”). The Code will be distributed to all employees periodically
to be sure you remain aware of the Code and its provisions. No employee has the authority to order, direct, request or even influence
another employee to violate the Code or the law. Therefore, no employee will be excused for violating the Code or the law at the
request or direction of another employee. Any attempt by an employee to have another employee violate the Code or the law, whether
successful or not, is itself a violation of the Code and may be a violation of the law.

 

Most of the principles outlined in the
Code will be familiar, for they reflect the fundamental values of fairness and integrity that are part of our daily lives.
Note that the Code is not a comprehensive rulebook for it is not intended to cover every applicable law or Company policy or
to provide answers to all questions and/or situations that might arise in the course of discharging your duties and
responsibilities. Instead, you must ultimately rely on your good sense of what is right, including a sense of when it is
proper to seek guidance from others on the appropriate course of conduct. If you are confronted with situations not covered
by the Code, or you have questions regarding the matters addressed in the Code, you are urged to consult with your manager,
the General Counsel, the Chief Financial Officer, or the Chairman of the Corporate Governance and Nominating Committee, as
appropriate. Please note that the information provided in this Code does not amend or supersede the explicit terms of any
more detailed or restrictive Company policy or any written agreement between you and the Company. You are expected to
familiarize yourself with the Company policies and procedures that apply to you and the performance of your job and you are
responsible for acting in accordance with the Code and all other policies and procedures of Georgetown in all matters.

 

    	 

    	 

    
 

Each Georgetown director, officer and employee
shall (1) maintain high standards of conduct and character in both professional and personal activities; (2) act honestly and ethically;
(3) serve in the interests of Georgetown and its shareholders in a diligent, loyal and honest manner; and (4) not knowingly be
a party to any illegal or improper activities.

 

Please note that the Code is not intended
to and does not create an employment agreement between you and the Company and is not a guaranty of continued employment.

 

I.
Fair Dealing

 

The Company does not seek to gain any advantage
through the improper use of favors or other inducements. You must exercise good judgment to avoid misinterpretation and adverse
effect on the reputation of the Company or its employees. Offering, giving, soliciting or receiving any form of bribe or kickback
is strictly prohibited.

 

A. Conflicts of Interest. A conflict
of interest occurs if you allow the possibility of personal gain to influence, or appear to influence, your judgment in the conduct
of Georgetown business. Business decisions and actions must be based on the best interests of the Company and cannot be motivated
by personal gain. You shall not knowingly place yourself in a position that has the appearance of being, or could be construed
to be, in conflict with the interests of the Company. Following are additional principles and guidelines on certain conflict of
interest situations:

 

1. Providing Gifts and Entertainment.
An employee may not provide cash or cash-equivalent gifts directly or indirectly to any person or enterprise that is doing or seeks
to do business with the Company. Non-cash gifts and entertainment, which support a valid business purpose, may be provided if they
are (a) consistent with customary business practice, (b) not of significant value, (c) not in violation of applicable law, and
(d) not embarrassing to Georgetown or the recipient if publicly disclosed. All commissions, rebates, discounts, credits and allowances
must be in the form of written instruments made out to the business entity involved.

 

    	-2-

    	 

    
 

2. Receiving Gifts or Entertainment. An
employee, or an employee’s family member, may not accept cash or cash-equivalent gifts at any time from any person or enterprise
that is doing or seeks to do business with the Company. Non-cash gifts received (other than normal promotional items bearing the
giver’s corporate name and items that are not of significant value) must be turned over to the Company for appropriate action
or for donation by the Company to an appropriate charity. Normal business entertainment, such as lunch, dinner, social invitations
and the like, is appropriate if reasonable and customary in nature and not of significant value, provided the purpose of such meeting
or event is to hold bona fide business discussions or to foster better business relations.

 

3. Interests in Other Businesses. You
shall avoid any situation in which you, or a family member, might profit personally, or give the appearance of profiting personally,
from Georgetown’s relationship with its customers or suppliers. This includes situations where you or a family member has
a financial interest in any enterprise, which does, or seeks to do, business with the Company. Insignificant holdings of publicly
traded companies do not constitute a conflict of interest. In certain circumstances, the Board of Directors may be required to
review and approve related party transactions.

 

4. Outside Activities. You shall not
engage in “free-lance”, “moonlighting” or other activities that (a) interfere with the time or attention
you must devote to your job duties or your duty of loyalty to the Company, (b) adversely affect the quality of your work, (c) compete
with the Company’s activities, (d) imply sponsorship or support by the Company, or (e) adversely affect the good name of
the Company. Company time, facilities, resources or supplies may not be used for non-Company work related activities without the
approval of your immediate supervisor or the Chief Financial Officer. Georgetown directors must notify the Chairman of the Board
once he or she has determined to accept any invitation to serve on another corporate board or with any governmental advisory or
charitable organization. The Corporate Governance and Nominating Committee shall evaluate the continued appropriateness of Georgetown
board membership under the new circumstances and, if necessary, make a recommendation to the Board as to any action to be taken
with respect to continued board membership. Other possible outside involvements by members of the Board of Directors addressed
by this section of the Code must be referred to the Chairman and the Chair of the Corporate Governance and Nominating Committee.

 

5. Disclosure of Conflicts of Interest.
You must disclose any matter that you believe might violate any of the provisions of this section of the Code or that might raise
doubt regarding your ability to act objectively and in the Company’s best interest. This disclosure is made for the purpose
of determining whether or not a conflict of interest or violation exists and whether or not the individual can proceed with the
proposed activity or conduct. Employees who are not officers or directors should disclose any such situation to their manager who
will refer the matter to the General Counsel or the Chair of the Corporate Governance and Nominating Committee, as appropriate.
Prior written approval from the manager and the General Counsel will be required before the individual can proceed. Directors and
officers should disclose any such situation that reasonably could be expected to give rise to a conflict of interest or the appearance
of a conflict of interest to the Chair of the Corporate Governance and Nominating Committee. Prior written approval from the Chair
of the Corporate Governance and Nominating Committee will be required before the individual can proceed.

 

    	-3-

    	 

    
 

B. Government Relations. If you are
engaged in business with a governmental body or agency you must make yourself aware of, and abide by, the specific rules and regulations
relating to relationships with public agencies. You must also conduct yourself in a manner that avoids any actions that might be
perceived as attempts to influence public officials in the performance of their official duties.

 

C. Relations with Vendors.  Employees
of Georgetown are expected to maintain a polite, courteous and respectful relationship with all vendors and providers of services
to the Company as it pertains to business conduct between Georgetown and the vendor or service provider. You must treat all vendors
and service providers with respect, fairness, and honesty, and may not take undue advantage of a vendor or service provider by
utilizing Georgetown’s overall influence. You must avoid self-authorized company relationships with vendors and service providers
who are relatives, close friends and/or one with whom a prior close relationship exists.

 

D. Relations with Customers. Employees
of Georgetown are expected to maintain a polite, courteous and respectful relationship with any customer or potential customer
of Georgetown. Customers are one of the most valuable assets of the Company and, as such, they will be treated with the utmost
respect. If the customer is a governmental body or agency you must make yourself aware of, and abide by, the specific rules and
regulations relating to relationships with such public agencies. Your conduct must always be professional and respectful and you
will avoid any actions that might imply or even simply be perceived as an attempt to influence public officials in the performance
of their official duties.

 

II. Compliance with Laws 

 

Georgetown will respect all laws and regulations
that apply to our business. To protect yourself and the Company, you need to do the same. Unlawful conduct is strictly prohibited
and no employee will be permitted to achieve results on behalf of the Company at the cost of violations of the law. You may not
use a consultant or contractor to do something prohibited by law or Georgetown policy. Below are references to several important
laws that you should know about. This list is not exhaustive and if you have any questions about the application of the law anywhere
in the world, you should consult with the General Counsel or the Chief Financial Officer.

 

    	-4-

    	 

    
 

A. Foreign Corrupt Practices Act.
Employees of Georgetown should respect the laws, customs and traditions of each country in which they operate, but should also,
at the same time, engage in no act or course of conduct which, even if legal, customary and accepted in any such country, could
be deemed to be in violation of the accepted business ethics of Georgetown or the laws of the United States. Under the U.S. Foreign
Corrupt Practices Act (“FCPA”), it is unlawful for any employee to directly, or indirectly through an agent or middleman,
give anything of value to foreign government officials, foreign political parties or officials or foreign candidates for public
office for the purpose of obtaining or retaining business for the Company. All of the Company’s subsidiaries and employees,
whether or not located in the United States, are subject to the FCPA. You should contact the General Counsel if you have any questions
regarding a specific situation.

 

B. Securities Laws and Insider Trading.
Georgetown is generally required by law to make prompt public disclosure of material information regarding the Company. This
is information that if publicly known would likely affect investors’ decisions or the market price of our stock. There may
be occasions when you become aware of material information that has not yet been released to the public. In that case, until the
information is publicly disclosed, you must hold the information in strict confidence and you are forbidden by law from buying
or selling Georgetown stock, or the stock of others, based on the information – this is called “insider trading”
and is prohibited by law. Providing “tips” to people outside the Company based on inside information about the Company
is also prohibited by law, by Georgetown’s Insider Trading Policy and by this Code. Material information is generally publicly
disclosed by the Company in press releases or filings with the SEC. As mandated in our Insider Trading Policy, you are prohibited
from trading in the Company’s securities during certain specified periods. You are responsible for being familiar with and
complying with this policy and shall comply with all laws and regulations concerning securities trading and the handling of insider
information.

 

C. Violation of Securities Laws. Any
attorney engaged to represent the Company shall report evidence of a material violation of the securities laws or breach of fiduciary
duty by the Company or any of its employees or agents to the Chief Executive Officer.

 

D. Antitrust Laws. The United States
and many foreign governments have antitrust or “competition” laws. The purpose of these laws is to ensure that markets
for goods and services operate competitively and efficiently. Georgetown supports free and open competition and compliance with
the applicable antitrust laws intended to promote competition. These laws prohibit, for example, agreeing with competitors to fix
prices, limit production, or divide markets, customers or territories. They also prohibit making agreements with customers on their
resale prices of Company products. Because this area is so complex, it is beyond the scope of this Code to describe the antitrust
laws in detail. If you are ever in doubt about whether a transaction may violate antitrust laws, please consult the Company’s
General Counsel or Chief Financial Officer.

 

    	-5-

    	 

    
 

E. Sanctions, Boycotts and Trade Embargoes.
The United States government uses economic sanctions, boycotts and trade embargoes to further various foreign policy and national
security objectives. Whether or not you are located in the United States you must abide by all economic sanctions or trade embargoes
that the United States has adopted. Inquiries regarding compliance with applicable sanctions, boycotts and trade embargoes should
be directed to the General Counsel or Chief Financial Officer.

 

F. Harassment. The Company is committed
to maintaining a collegial work environment in which all individuals are treated with fairness, respect and dignity. In keeping
with this commitment, the Company will not tolerate any form of harassment.

 

G. Equal Employment Opportunity. The
Company is committed to making

employment-related decisions, and administering its personnel
policies on the basis of qualifications and performance and without regard to race, color, religion, gender, marital status, sexual
orientation, age, national origin, physical or mental disability, or any other factor unrelated to job requirements. Georgetown
encourages employees to bring any problem, violation or concern regarding equal employment opportunity to the General Counsel.

 

H. Drug Free Workplace. To ensure
safety and to uphold applicable laws,

Georgetown prohibits the consumption of, and working under the
influence of, alcohol or controlled or illegal substances and prohibits the unlawful manufacture, distribution, possession, transfer,
use or sale of a controlled or illegal substance or alcohol while on duty, at any Company facility or in the workplace, or while
operating employer owned vehicles or equipment. Any violation of this policy will result in disciplinary action including
the possibility of termination.

 

I. Health, Safety and Environmental Laws.
Health, safety and environmental responsibility are fundamental to Georgetown’s values. Georgetown is committed to maintaining
a healthy and safe work environment and to conducting its business in an environmentally responsible manner in compliance with
all applicable laws. If you ever notice any potential health, safety or environmental hazards or opportunities to improve Georgetown’s
practices, please notify your manager or the General Counsel at once. 

 

J. Theft. No employee may remove Georgetown
or another employee’s materials or property from the premises without approval.

 

III. Protection and Use of Company Assets 

 

Proper protection and use of Company assets
is a fundamental responsibility of each employee. You must use Georgetown assets and opportunities for the intended purpose of
supporting and conducting Company business and you must comply with appropriate policies and practices to safeguard and protect
all tangible and intangible assets of the Company against unauthorized use or removal, as well as against loss or injury to the
Company by criminal act, breach of trust or other action.

 

    	-6-

    	 

    
 

A. Company Property and Facilities. You
are responsible for the proper use and care of the Company’s physical assets and property that you use or over which you
have control, including buildings, equipment, tools, supplies, materials, hardware and software, as well as less tangible assets,
including trade secrets, patents, designs, studies, proposals, and the reputation of the Company. Company property should not be
used for personal benefit, sold, loaned, or otherwise disposed of without proper authorization. Expenditure of Company funds should
at all times be prudent, reasonable, necessary to the business of the Company and in accordance with applicable laws and Company
policies.

 

B. Corporate Opportunities. You
owe a duty to the Company to advance its legitimate interests when the opportunity to do so arises. You are prohibited from
(1) taking for yourself personally corporate opportunities that are discovered through the use of Company property; (2) using
corporate property, information, or position for personal gain; and (3) competing with the Company. Your obligation not to
compete with the Company in this Code is in addition to the requirements of any noncompetition or employment agreement you
have executed with the Company. Non-employee directors who seek to conduct outside business activities involving an entity
that has a business relationship with the Company, or that now is or in the reasonably foreseeable future could become a
competitor of the Company, must obtain approval of the Board of Directors before conducting such activities.

 

C. Confidential Information. The
Company’s continued success depends on developing knowledge and using that knowledge to improve our business. This
knowledge, sometimes known as trade secrets or confidential information, must be protected. Examples include research and
development plans, financial and sales data, records, reports, supplier, customer and competitor information, prices, salary
information, project details, acquisitions, and any other sensitive or proprietary information. You have an obligation to
safeguard confidential information by:

 

		•	Keeping it secure, e.g. securing laptops, locking desks
and offices, shredding confidential information, etc.

		•	Discussing it only with other Georgetown employees who
have a need to know in order to do their job.

		•	Not discussing it in public, including use of cell phones,
laptops and other electronic devices in public places on a non-secure basis.

		•	Only disclosing it outside of Georgetown if you have
the required permission to do so and the party receiving the information has signed a confidentiality agreement.

		•	Not allowing network access to persons who are not authorized
and have not signed a confidentiality agreement.

		•	Consulting with the General Counsel if you know of any
developments that may be eligible for protection by patent or trademark.

 

    	-7-

    	 

    
 

Confidential information shall not be used
for personal benefit or be released to inappropriate parties. When your employment ends, your obligation to protect Georgetown
confidential information continues, you may not use confidential information in any other endeavor and all property and confidential
information held by you must be returned.

 

If you receive an external request for confidential
Georgetown information, refer such request to the manager responsible for the business affairs of the applicable business unit.
If a governmental agency has issued notice that by law it is required to release confidential Georgetown information to a third
party, you must escalate the matter by providing written notice to the manager responsible for the applicable business unit and
the General Counsel prior to release of any information.

 

The confidentiality obligations stated in
this Code are in addition to the provisions of any employment, confidentiality or non-disclosure agreement you have executed with
the Company.

 

D. Assets of Other Companies. You
must never use any illegal or unethical methods to gather information about, or to obtain assets of, other companies.
Georgetown wants you to safeguard and protect its own assets, and requires you to equally respect the proprietary rights of
others, including patents, copyrights and trademarks, etc. Stealing or possessing confidential information, trade secret
information or other assets without the owner’s consent, or persuading past or present employees of other companies to
disclose confidential information or trade secrets, is prohibited. Georgetown employees must only accept, read, use or obtain
information about competitors through lawful means. If information is obtained by mistake, or if you have any questions about
the legality of how you are gathering information, please consult the General Counsel or Chief Financial Officer. You must
respect the copyrights of others and use licensed software in conformity with the terms and conditions of applicable license
agreements.

 

E. Accurate Business Records and Reporting.
You must strictly adhere to all of Georgetown’s policies and procedures, which are designed to ensure that all transactions
meet internal approval requirements and are properly recorded and supported as required by law and good business practices.
Georgetown strives to maintain the highest standards to ensure that all business records and financial reports are accurate,
complete, understandable and contain no misrepresentation.

 

Georgetown requires truthful and accurate
recording and reporting of information in order to make sound business decisions as well as to satisfy our reporting obligations
under the law. Under the law, Georgetown is required to keep books and records that fully, fairly, accurately and timely reflect
all transactions and other events that are the subject of specific regulatory record keeping requirements, including generally
accepted accounting principles and other applicable rules, regulations and criteria for preparing financial statements. All Company
financial records must accurately and clearly represent the relevant facts and the true nature of transactions. Under no circumstances
may there be any unrecorded liability, funds or accounts of the Company, or any improper or inaccurate entry knowingly made on
the books and records of the Company. No payment on behalf of the Company may be approved or made with the intention, understanding
or awareness that any part of the payment is to be used for any purpose other than that described by the documentation supporting
the payment. Intentional accounting misclassifications (for example, expense versus capital) and improper acceleration or deferral
of expenses or revenues are prohibited.

 

    	-8-

    	 

    
 

Responsibility for compliance with these
principles rests with all employees, and not solely with the Company’s accounting and finance personnel, although they retain
overall responsibility to keep such books and records. Each of you within the sphere of your own responsibilities is required to
familiarize him or herself with the appropriate procedures (including all internal controls processes) and to comply with the specific
requirements. Because the integrity of the Company’s external reports to shareholders and the SEC depends on the integrity
of the Company’s internal reports and record keeping, you must adhere to the highest standards of care with respect to internal
records and reporting. Georgetown is committed to full, fair, accurate, timely and understandable disclosure in the periodic and
other reports and documents required to be filed by it with the SEC and in other public communications made by the Company, and
it expects you to work diligently toward that goal. 

 

Any employee who believes the Company’s
books and records are not in compliance with these requirements or are not being properly maintained, or that the Company’s
financial condition or results of operations are not being properly disclosed, should report the matter to the General Counsel,
Chief Financial Officer or to a member of the Corporate Governance and Nominating Committee of the Board of Directors of the Company.
In addition, the Corporate Governance and Nominating Committee of the Board of Directors will establish procedures for employees
to report, on an anonymous basis, any concerns regarding questionable accounting practices or auditing matters. These procedures
may be amended or supplemented from time-to-time in order to comply with applicable listing requirements on any exchange the Company
is then listed on.

 

F. Internal Controls and
Procedures.  You shall scrupulously adhere to the internal controls process developed by the Company. The Company has
developed and maintains a system of internal controls and procedures to provide reasonable assurance of achieving the
following objectives: (1) efficacy and efficiency of operations; (2) safeguarding and proper management of the
Company’s assets; (3) reliability of financial reporting that is in compliance with generally accepted accounting
principles; (4) compliance with applicable laws and regulations, including without limitation, the Company’s
responsibility to maintain disclosure controls and procedures intended to ensure that financial and non-financial information
is collected, analyzed and timely reported in full compliance with applicable law; and (5) that transactions are executed in
accordance with management’s authorization, are properly recorded and posted, and are in compliance with regulatory
requirements. The system of internal controls within the Company includes written policies and procedures, budgetary
controls, supervisory review and monitoring and other checks and balances. You are expected to be familiar with, and adhere
strictly to, those control principles that apply to your job. Attempts to coerce and/or intimidate employees to violate,
ignore or otherwise fail to comply with the Company’s controls is a punishable action and may result in
termination.

 

    	-9-

    	 

    
 

G. Document Retention. Because the
space available for storage of paper and electronic documents is limited and expensive, the periodic disposal of documents may
become necessary. However, there are legal requirements that certain records be retained for specific periods of time. Before disposing
of documents, you must make sure that you are in compliance with the applicable Company records retention policies or practices.
If you are unsure of your document retention obligations, please consult with your manager or the General Counsel. In addition,
any documents relevant to a threatened or actual lawsuit, investigation or charge may not be discarded, concealed, falsified, altered,
or otherwise made unavailable once you become aware of the existence of the actual or threatened lawsuit, investigation or charge.
Questions regarding your obligations should be directed to the General Counsel.

 

H. Electronic Communications. You
are responsible for using the Company’s electronic information and communications systems, including facsimile, voice mail,
electronic mail, internet, laptop and personal computer systems (“Systems”), properly and in accordance with Company
policy. Generally speaking, you should be aware of the following:

 

		•	The Systems, and all communications, memoranda, files
or other data created, uploaded, downloaded, sent, accessed, received or stored on any System (“Messages”), are Company
property.

		•	Except for minimal incidental and occasional personal
use, the Systems are for Georgetown business use. Pornography and computer games are prohibited.

		•	You should not have an expectation of privacy in any
Messages you create, upload, download, send, receive or store as they may be monitored by Georgetown at any time.

		•	Messages should not contain content that may be considered
offensive, disruptive, defamatory or derogatory.

		•	“Hacking” into Georgetown Systems to which
you do not have access or into computer systems of third parties is prohibited.

 

    	-10-

    	 

    
 

I. Litigation and Claims. Georgetown,
like all large businesses, is sometimes involved in disputes that may result in claims or litigation. If you ever receive a
legal document related to Georgetown, such as a summons, complaint, subpoena or discovery request, whether from a
governmental agency or otherwise, you must immediately contact the General Counsel to ensure an appropriate and timely
response. Do not respond to any request, answer any questions or produce any documents without first discussing with the
General Counsel. Also, it is not appropriate to attempt to list legal matters or pending litigation in vendor or supplier
qualification forms, RFPs or RFQs, or in any questionnaires. Under no circumstance should you ever threaten or initiate legal
action on behalf of Georgetown. Decisions regarding legal action reside exclusively with the Chief Executive Officer and
General Counsel.

 

J. Political Process. The Company
encourages employees to participate in the political process. However, because the political process is highly regulated, you should
familiarize yourself with the applicable laws and regulations. In particular, you should be aware of the following limitations:

 

		•	The Company is generally prohibited from making donations
of funds, property or services to candidates for public office.

		•	Any political activities or donations must be on your
own time and at your own expense and you may not utilize company resources or Systems or other “in kind” contributions
for political purposes.

		•	If you are involved in politics, please be sure you
express your views as an individual, and not as a representative of Georgetown.

 

IV. Administration of the Code 

 

A. Reporting Violations Under the
Code. If you have any information or knowledge regarding any actual or suspected violation of the Code, you are required
to report the matter to your manager, the Chief Executive Officer, General Counsel, Chief Financial Officer or to a member of
the Corporate Governance and Nominating Committee of the Board of Directors. The Corporate Governance and Nominating
Committee will establish an Ethics Violation Reporting Procedure for reporting actual or suspected violations of the Code,
which will be available to you. The Corporate Governance and Nominating Committee shall undertake or oversee a fair, thorough
investigation of all such reported violations and shall report its findings of violations to the Board together with
recommendations for enforcement of the Code appropriate to the circumstances. You may also contact the General Counsel or the
Chief Financial Officer for assistance in reporting such violations. Reports may be made on an anonymous basis.

 

B. Reporting Concerns Regarding Accounting
or Auditing Practices. If you have any information or knowledge regarding questionable accounting practices or auditing matters,
you should notify the Chief Financial Officer or a member of the Audit Committee of the Board of Directors, on an anonymous basis
if you prefer, using the Georgetown Ethics Violations Reporting Procedure which will be available to you.

 

    	-11-

    	 

    
 

C. Retaliation Prohibited. Georgetown
prohibits any form of retaliation or harassment against an employee for reporting in good faith a suspected violation of the Code
or for assisting in a violation investigation. Every report of a suspected violation will be treated as confidential to the extent
practical or allowed by law. Any employee who is found to have engaged in retaliation against or harassment of an employee for
raising, in good faith, a suspected violation or for participating in the investigation of a suspected violation may be subject
to discipline, up to and including termination of employment, without additional warning. If any employee believes he or she has
been subjected to such retaliation or harassment, that individual is encouraged to report the situation as soon as possible to
the General Counsel or Chief Financial Officer.

 

D. Violations of the Code. Adherence
to the Code is the responsibility of each employee of the Company and is a condition of continued employment. A violation of the
Code may result in appropriate disciplinary action up to and including termination of employment, without additional warning. Nothing
in the Code prohibits or restricts the Company from taking disciplinary action on any matters relating to employee conduct, whether
or not expressly discussed in the Code. The Code does not create any express or implied contract, including an employment contract,
with any employee.

 

E. Waivers. Waivers and interpretations
of the Code with respect to executive officers and directors of the Company may only be granted by the Board of Directors of the
Company, or an authorized committee of the Board. The Board of Directors will promptly cause the Company to make public disclosure
of any waivers of the Code granted to directors or executive officers. Any such disclosure shall be in a form prescribed by the
SEC.

 

F. Amendments. The Code may be amended,
other than for immaterial clarification issues, only by the Board of Directors of the Company. The Board of Directors will promptly
cause the Company to make public disclosure of any amendments of the Code. Any such disclosure shall be in a form prescribed by
the SEC.

 

    	-12-

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