Document:

Amend No 1 to OmniComm Systems, Inc. 1998 Stock Incetive Plan

 EXHIBIT 10.1 
 This Document, dated January 5, 1998, constitutes part of a prospectus covering securities that have been registered under The Securities Act of 1933. 
 1998 STOCK INCENTIVE PLAN OF 
 OMNICOMM SYSTEMS, INC. 
 1. PURPOSE 
 The purpose of the 1998 Stock Incentive Plan
(“Plan”) of OmniComm Systems, Inc. (“Company”) is to provide a means through which the Company and its Subsidiaries and Affiliates may attract able persons to enter and remain in the employ of the Company and its subsidiaries and
Affiliates, and to provide a means whereby those key persons upon whom the responsibilities of the successful administration and management of the Company rest, and whose present and potential contributions to the welfare of the Company are of
importance, can acquire and maintain stock ownership, thereby strengthening their commitment to the welfare of the Company and promoting an identity of interest between stockholders and these key persons. 
 A further purpose of the Plan is to provide such key persons with additional incentive and reward opportunities designed to enhance the profitable growth of the Company.
So that the appropriate incentive can be provided, the Plan provides for granting Incentive Stock Options, Nonqualified Stock Options, Stock Appreciation Rights, Restricted Stock Awards, Phantom Stock Unit Awards and Performance Share Units, or any
combination of the foregoing. 
 2. DEFINITIONS 
 The
following definitions shall be applicable throughout the Plan. 
 “Affiliate” means any affiliate of the Company within the meaning of 17 CFR
Section 230.405. 
 “Appreciation Date” means the date designated by a Holder of Stock Appreciation Rights for measurement of the appreciation
in the value of rights awarded to him, which date shall be the date notice of such designation is received by the Committee, or its designee. 
 “Award” means, individually or collectively, any Incentive Stock Option, Nonqualified Stock Option, Stock Appreciation Right, Restricted Stock Award, Phantom Stock Unit Award or Performance Share Unit Award. 
 “Award Period” means a period of time within which performance is measured for the purpose of determining whether an Award of Performance Share Units has been
earned. 
 “Board” means the Board of Directors of the Company. 
 “Cause” means the Company, a Subsidiary or an Affiliate having cause to terminate a Participant’s employment under any existing employment agreement between the Participant and the Company, a Subsidiary
or an Affiliate or, in the absence of such an employment agreement, upon (i) the determination by the Committee that the Participant has ceased to perform his duties to the Company, or a Subsidiary or an Affiliate (other than as a result of his
incapacity due to 

 physical or mental illness or injury), which failure amounts to an intentional and extended neglect of his duties to such
party, (ii) the Committee’s determination that the Participant has engaged or is about to engage in conduct materially injurious to the Company, or a Subsidiary or an Affiliate, or (iii) the Participant having been convicted of a
felony. 
 “Change in Control” shall, unless the Board otherwise directs by resolution adopted prior thereto, be deemed to occur if (i) any
“person” (as that term is used in Sections 13 and 14(d)(2) of the Securities and Exchange Act of 1934 (“Exchange Act”)) is or becomes the beneficial owner (as that term is used in Section 13(d) of the Exchange Act), directly
or indirectly, of 25% or more of the voting Stock or (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board cease for any reason to constitute at least a majority thereof, unless
the election or the nomination for election by the Company’s shareholders of each new director was approved by a vote of at least three-quarters of the directors then still in office who were directors at the beginning of the period. Any
merger, consolidation or corporate reorganization in which the owners of the Company’s capital stock entitled to vote in the election of directors (“Voting Stock”) prior to said combination, own 50% or more of the resulting
entity’s Voting Stock shall not, by itself, be considered a Change in Control. 
 “Code” means the Internal Revenue Code of 1986, as amended.
Reference in the Plan to any section of the Code shall be deemed to include any amendments or successor provisions to such section and any regulations under such section. 
 “Committee” means the Compensation Committee of the Board or such other committee as the Board may appoint to administer the Plan. 
 “Common Stock” means the common stock, no par value of the Company. 
 “Company” means OmniComm Systems,
Inc. 
 “Date of Grant” means the date on which the granting of an Award is authorized or such other date as may be specified in such
authorization. 
 “Disability” means the complete and permanent inability by reason of illness or accident to perform the duties of the occupation
at which a Participant was employed when such disability commenced or, if the Participant was retired when such disability commenced, the inability to engage in any substantial gainful activity, as determined by the Committee based upon medical
evidence acceptable to it. 
 “Disinterested Person” means a person who is a “disinterested person” within the meaning of Rule 16b-3 of
the Exchange Act, or any successor rule or regulation. 
 “Eligible Employee” means any person regularly employed by the Company or a Subsidiary or
Affiliate on a full-time salaried basis, and any independent contractor of the Company or a Subsidiary or Affiliate, who satisfies all of the requirements of Section 6. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

 “Fair Market Value” on a given date means (i) the last reported sale price for the Stock on that date (or,
if there were no such sales on that date, on the next most recent date on which there were such sales) as reported on the Composite Tape if the Stock is listed on the New York Stock Exchange (“NYSE”) or on the National Association of
Securities Dealers National Market System (“NMS”), (ii) if the Stock is not then issued on the NYSE or the NMS but sales of the Stock are reported by the National Association of Securities Dealers Automatic Quotation System or any
successor thereto (“AQS”), the average between the closing bid and asked price quotations for the Stock on that date (or if none on that date, on the next most recent date) as reported on the AQS, or (iii) if the Stock is not then
issued on the NYSE or the NMS, and sales of the Stock are not reported by the AQS, the amount determined by the Board to be the fair market value based upon a good faith attempt to value the Stock accurately and computed in accordance with
applicable regulations of the Internal Revenue Service. 
 “Holder” means a Participant who has been granted an Option, a Stock Application Right,
a Restricted Stock Award, Phantom Stock Unit Award or a Performance Share Unit Award. 
 “Incentive Stock Option” means an Option granted by the
Committee to a Participant under the Plan which is designated by the Committee as an Incentive Stock Option pursuant to Section 422 of the Code. 
 “Nonqualified Stock Option” means an Option granted by the Committee to a Participant under the Plan which is not designated by the Committee as an Incentive Stock Option. 
 “Normal Termination” means termination: 
  

	 	i.	With respect to the Company or a Subsidiary, at retirement (excluding early retirement) pursuant to the Company retirement plan then in effect; 

  

	 	ii.	With respect to an Affiliate, at retirement (excluding early retirement) pursuant to the retirement plan of such Affiliate then in effect or, if the Affiliate has no such plan, at
retirement upon or after the attainment of age 65; 

  

	 	iii.	On account of Disability; 

  

	 	iv.	With the written approval of the Committee; or 

  

	 	v.	By the Company, a Subsidiary or Affiliate without Cause. 

 “Option” means an Award granted under Section 7 of the Plan. 
 “Option Period” means the period described in
Section 7(c). 
 “Participant” means an Eligible Employee who has been selected to participate in the Plan and to receive an Award pursuant to
Section 6. 
 “Performance Goals” means the performance objectives of the Company during an Award Period or Restricted Period established for
the purpose of determining whether, and to what extent, Awards will be earned for an Award Period or Restricted Period. 

 “Performance Share Unit” means a hypothetical investment equivalent equal to one share of Stock granted in
connection with an Award made under Section 9 of the Plan. 
 “Phantom Stock Unit” means a hypothetical investment equivalent equal to one
share of Stock granted in connection with an Award made under Section 10 of the Plan, or credited with respect to Awards of Performance Share Units which have been deferred under Section 9. 
 “Plan” means the 1998 Stock Incentive Plan of OmniComm Systems, Inc. 
 “Reporting Company” means the Company upon or after the first registration of the Company’s equity securities under the Exchange Act. 
 “Restricted Period” means, with respect to any share of Restricted Stock, the period of time determined by the Committee during which such share of Restricted Stock is subject to the restrictions set forth in Section 10.

 “Restricted Stock” means shares of Common Stock issued or transferred to a Participant subject to the restrictions set forth in Section 10
and any new, additional or different securities a Participant may become entitled to receive as a result of adjustments made pursuant to Section 12. 
 “Restricted Stock Award” means an Award granted under Section 10 of the Plan. 
 “Securities Act” means the Securities Act of 1933, as amended. 
 “Stock” means the Common Stock or such other authorized shares
of stock the Company as the Committee may from time to time authorize for use under the Plan. 
 “Stock Appreciation Right” or “SAR”
means an Award granted under Section 8 of the Plan. 
 “Subsidiary” means any subsidiary of the Company as defined in Section 424(f) of
the Code. 
 “Valuation Date” means the last day of an Award Period or the date of death of a Participant, as applicable. 

 3. EFFECTIVE DATE, DURATION AND SHAREHOLDER APPROVAL 
 Subject to the approval of this Plan by the shareholders of the Company at a duly convened meeting of shareholders, or by a written consent of shareholders effective under applicable state law, the Plan shall become
effective on January 1, 1998, and no further Awards may be made after the expiration of 10 years therefrom. 
 The Plan shall continue in effect until
all matters relating to the payment of Awards and administration of the Plan have been settled. 
 4. ADMINISTRATION 
 The Committee shall administer the Plan. Each member of the Committee shall, at the time he takes any action with respect to an Award under the Plan, be a Disinterested
Person; provided, however, that such requirement shall not apply prior to the Company becoming a Reporting Company and publicly traded on a NASDAQ regulated market. Two members of the Committee shall constitute a quorum. The acts of a majority of
the members present at any meeting at which a quorum is present or acts approved in writing by a majority of the Committee shall be deemed the acts of the Committee. 
 No member of the Committee, while serving as such, shall be eligible to receive an Award under the Plan; provided, however, that such requirement shall not apply prior to the Company becoming a Reporting Company and
publicly traded on a NASDAQ regulated market. Subject to the provisions of the Plan, the Committee shall have exclusive power to: 
  

	 	a.	Select the Eligible Employees to participate in the Plan; 

  

	 	b.	Determine the nature and extent of the Awards to be made to each Participant; 

  

	 	c.	Determine the time or times when Awards will be made; 

  

	 	d.	Determine the duration of each Award Period; 

  

	 	e.	Determine the conditions to which the payment of Awards may be subject; 

  

	 	f.	Establish the Performance Goals for each Award Period; 

  

	 	g.	Prescribe the form or forms evidencing Awards; and 

  

	 	h.	Cause records to be established in which there shall be entered, from time to time as Awards are made to Participants, the date of each Award, the number of Incentive Stock Options,
Nonqualified Stock Options, SARs, Phantom Stock Units, Performance Share Units and shares of Restricted Stock awarded by the Committee to each Participant, the expiration date, the Award Period and the duration of any applicable Restricted Period.

 The Committee shall have the authority, subject to the provisions of the Plan, to establish, adopt, or revise such rules and regulations and
to make all such determinations relating to the Plan as it 

 may deem necessary or advisable for the administration of the Plan. The Committee’s interpretation of the Plan or
any Awards granted pursuant thereto and all decisions and determinations by the Committee with respect to the Plan shall be final, binding, and conclusive on all parties unless otherwise determined by the Board. Notwithstanding the foregoing, in
lieu of a Committee as described above, the Board of Directors of the Company may administer the Plan until such time as it is practicable and feasible to appoint a Committee. 
 5. GRANT OF OPTIONS, STOCK APPRECIATION RIGHTS, RESTRICTED STOCK AWARDS, PHANTOM STOCK AWARDS AND PERFORMANCE SHARE UNITS; SHARES SUBJECT TO THE PLAN 
 The Committee may, from time to time, grant Awards of Options, Stock Appreciation Rights, Restricted Stock, Phantom Stock Units and/or Performance Share Units to one or
more Participants; provided, however, that: 
  

	 	a.	Subject to Section 12, the aggregate number of shares of Stock made subject to Awards may not exceed 7,500,000; 

  

	 	b.	Such shares shall be deemed to have been used in payment of awards whether they are actually delivered or the Fair Market Value equivalent of such shares is paid in cash. In the
event any Option, SAR not attached to an Option, Restricted Stock, Phantom Stock Unit or Performance Share Unit, shall be surrendered, terminate, expire, or be forfeited, the number of shares of Stock no longer subject thereto shall thereupon be
released and shall thereafter be available for new Awards under the Plan to the fullest extent permitted by Rule 16b-3 under the Exchange Act (if applicable at the time); 

  

	 	c.	Stock delivered by the Company in settlement of Awards under the Plan may be authorized and unissued Stock or Stock held in the treasury of the Company or may be purchased on the
open market or by private purchase at prices no higher than the Fair Market Value at the time of purchase; and 

  

	 	d.	No individual may receive Options or SARs representing more than 500,000 shares of Stock in any one year. 

 6. ELIGIBILITY 
 Participants shall be limited to officers, key
employees and independent contractors of the Company and its Subsidiaries and Affiliates who have received written notification from the Committee or from a person designated by the Committee, that they have been selected to participate in the Plan.

 7. STOCK OPTIONS 
 One
or more Incentive Stock Options or Nonqualified Stock Options can be granted to any Participant; provided, however, that Incentive Stock Options may be granted only to employees of the Company or a Subsidiary. Each Option so granted shall be subject
to the following conditions. 
  

	 	a.	OPTION PRICE. The Option price (“Option Price”) per share of Stock shall be set by the Committee at the time of grant but shall not be less than (i) in the case of an
Incentive Stock Option, the Fair Market Value of a share of Stock at the Date of Grant, and (ii) in the case of a Non-Qualified Stock Option, the par value per share of Stock. 

  

	 	b.	MANNER OF EXERCISE AND FORM OF PAYMENT. Options which have become exercisable may be exercised by delivery of written notice of exercise to the Committee accompanied by payment of
the Option Price. The Option Price shall be payable in cash and/or shares of Stock valued at the Fair Market Value at the time the Option is exercised, or, in the discretion of the Committee, either (i) in other property having a fair market
value on the date of exercise equal to the Option Price, or (ii) by delivering to the Committee a copy of irrevocable instructions to a stockbroker to deliver promptly to the Company an amount of sale or loan proceeds sufficient to pay the
Option Price. 

  

	 	c.	OTHER TERMS AND CONDITIONS. If the Holder has not died or terminated, the Option shall become exercisable in such manner and within such period or periods (“Option
Period”), not to exceed 10 years from its Date of Grant, as set forth in the Stock Option Agreement to be entered into in connection therewith. 

  

	 	i.	Each Option shall lapse in the following situations: 

 -Ten years after it is granted; 
 -Three months after Normal Termination, except as otherwise provided by the Committee, or

 -Any earlier time set forth in the Stock Option Agreement. 
  

	 	ii.	If the Holder terminates otherwise than by Normal Termination or death, the Option shall lapse at the time of termination. 

  

	 	iii.	If the Holder dies within the Option Period or within 3 months after Normal Termination (or such other period as may have been established by the Committee), the Option shall lapse
unless it is exercised within the Option Period and in no event later than 12 months after the date of Holder’s death by the Holder’s legal representative or representatives or by the person or persons entitled to do so under the
Holder’s last will and testament or, if the Holder shall fail to make testamentary disposition of such Option or shall die intestate, by the person entitled to receive said Option under the applicable laws of descent and distribution.

	 	d.	STOCK OPTION AGREEMENT. Each Option granted under the Plan shall be evidenced by a “Stock Option Agreement” between the Company and the Holder of the Option containing
such provisions as may be determined by the Committee, but shall be subject to the following terms and conditions: 

  

	 	i.	Each Option or portion thereof that is exercisable shall be exercisable for the full amount or for any part thereof, except as otherwise determined by the terms of the Stock Option
Agreement. 

  

	 	ii.	Each share of Stock purchased through the exercise of an Option shall be paid for in full at the time of the exercise. Each Option shall cease to be exercisable, as to any share of
Stock, when the Holder purchases the share or exercises a related SAR or when the Option lapses. 

  

	 	iii.	Options shall not be transferable by the Holder except by will or the laws of descent and distribution and shall be exercisable during the Holder’s lifetime only by him.

  

	 	iv.	Each Option shall become exercisable by the Holder in accordance with the vesting schedule established by the Committee for the Award. 

  

	 	v.	Each Stock Option Agreement may contain an agreement that, upon demand by the Committee for such a representation, the Holder shall deliver to the Committee at the time of any
exercise of an Option a written representation that the shares to be acquired upon such exercise are to be acquired for investment and not for resale or with a view to the distribution thereof. Upon such demand, delivery of such representation prior
to the delivery of any shares issued upon exercise of an Option shall be a condition precedent to the right of the Holder or such other person to purchase any shares. In the event certificates for Stock are delivered under the Plan with respect to
which such investment representation has been obtained, the Committee may cause a legend or legends to be placed on such certificates to make appropriate reference to such representation and to restrict transfer in the absence of compliance with
applicable federal or state securities laws. 

  

	 	e.	GRANTS TO 10% HOLDERS OF COMPANY VOTING STOCK. Notwithstanding Section 7(a), if an Incentive Stock Option is granted to a Holder who owns stock representing more than ten
percent of the voting power of all classes of stock of the Company or of the Company and its Subsidiaries, the period specified in the Stock Option Agreement for which the Option thereunder is granted and at the end of which such Option shall expire
shall not exceed five years from the Date of Grant of such Option and the Option Price shall be at least 110 percent of the Fair Market Value (on the Date of Grant) of the Stock subject to the Option. 

  

	 	f.	LIMITATION. To the extent the aggregate Fair Market Value (as determined as of the Date of Grant) of Stock for which Incentive Stock Options are exercisable for the

	 	    	first time by any Participant during any calendar year (under all plans of the Company and its Subsidiaries) exceeds $100,000, such excess Incentive Stock Options shall be treated
as Nonqualified Stock Options. 

  

	 	g.	VOLUNTARY SURRENDER. The Committee may permit the voluntary surrender of all or any portion of any Nonqualified Stock Option and its corresponding SAR, if any, granted under the
Plan to be conditioned upon the granting to the Holder of a new Option for the same or a different number of shares as the Option surrendered or require such voluntary surrender as a condition precedent to a grant of a new Option to such
Participant. Such new Option shall be exercisable at the Option Price, during the exercise period, and in accordance with any other terms or conditions specified by the Committee at the time the new Option is granted, all determined in accordance
with the provisions of the Plan without regard to the Option Price, exercise period, or any other terms and conditions of the Nonqualified Stock Option surrendered. 

  

	 	h.	ORDER OF EXERCISE. Options granted under the Plan may be exercised in any order, regardless of the Date of Grant or the existence of any other outstanding Option.

  

	 	i.	NOTICE OF DISPOSITION. Participants shall give prompt notice to the Company of any disposition of Stock acquired upon exercise of an Incentive Stock Option if such disposition
occurs within either two years after the Date of Grant of such Option and/or one year after the receipt of such Stock by the Holder. 

 8.
STOCK APPRECIATION RIGHTS 
 Any Option granted under the Plan may include an SAR, either at the time of grant or by amendment except that in the case of
an Incentive Stock Option, such SAR shall be granted only at the time of grant of the related Option. The Committee may also award to Participants SARs independent of any Option. An SAR shall be subject to such terms and conditions not inconsistent
with the Plan as the Committee shall impose, including, but not limited to, the following: 
  

	 	a.	VESTING. An SAR granted in connection with an Option shall become exercisable, be transferable and shall lapse according to the same vesting schedule, transferability and lapse
rules that are established for the Option. An SAR granted independent of an Option shall become exercisable, be transferable and shall lapse in accordance with a vesting schedule, transferability and lapse rules established by the Committee.
Notwithstanding the above, an SAR shall not be exercisable by a person subject to Section 16(b) of the Exchange Act for at least six months following the date of grant. 

  

	 	b.	FAILURE TO EXERCISE. If on the last day of the Option Period (or in the case of an SAR independent of an Option, the SAR period established by the Committee), the Fair Market Value
of the Stock exceeds the Option Price, the Holder has not exercised the Option or SAR, and neither the Option nor the SAR has lapsed, such SAR shall be deemed to have been exercised by the Holder on such last day and the Company shall make the
appropriate payment therefor. 

	 	c.	PAYMENT. The amount of additional compensation which may be received pursuant to the award of one SAR is the excess, if any, of the Fair Market Value of one share of Stock on the
Appreciation Date over the Option Price, in the case of an SAR granted in connection with an Option, or the Fair Market Value of one share of Stock on the Date of Grant, in the case of an SAR granted independent of an Option. With respect to SARs
exercised before the Company has been subject to the reporting requirements of Section 13(a) of the Exchange Act for one year, the Company shall issue or transfer to the Participant shares of Stock with a Fair Market Value at such time equal to
100 percent of any such excess. With respect to SARs exercised after the Company has been subject to such reporting requirements for at least one year, the Company shall pay such excess in cash, in shares of Stock valued at Fair Market Value, or any
combination thereof, as determined by the Committee. Fractional shares shall be settled in cash. 

  

	 	d.	DESIGNATION OF APPRECIATION DATE. A Participant may designate an Appreciation Date at such time or times as may be determined by the Committee at the time of grant by filing an
irrevocable written notice with the Committee or its designee, specifying the number of SARs to which the Appreciation Date relates, and the date on which such SARs were awarded. Such time or times determined by the Committee may take into account
any applicable “window periods” required by Rule 16b-3 under the Exchange Act. 

  

	 	e.	EXPIRATION. Except as otherwise provided in the case of SARs granted in connection with Options, the SARs shall expire on a date designated by the Committee which is not later than
ten years after the date on which the SAR was awarded. 

 9. PERFORMANCE SHARES 
  

	 	a.	AWARD GRANTS. The Committee is authorized to establish Performance Share programs to be effective over designated Award Periods of not less than three years nor more than five
years. At the beginning of each Award Period, the Committee will establish in writing Performance Goals based upon financial objectives for the Company for such Award Period and a schedule relating the accomplishment of the Performance Goals to the
Awards to be earned by Participants. Performance Goals may include absolute or relative growth in earnings per share or rate of return on stockholders’ equity or other measurement of corporate performance and may be determined on an individual
basis or by categories of Participants. The Committee may adjust Performance Goals or performance measurement standards as it deems equitable in recognition of extraordinary or non-recurring events experienced during an Award Period by the Company
or by any other corporation whose performance is relevant to the determination of whether Performance Goals have been attained. The Committee shall determine the number of Performance Share Units to be awarded, if any, to each Participant who is
selected to receive an Award. The Committee may add new Participants to a Performance Share program after its commencement by making pro rata grants. 

  

	 	b.	DETERMINATION OF AWARD. At the completion of a Performance Share program, or at other times as specified by the Committee, the Committee shall 

	 	  	calculate the amount earned with respect to each Participant’s award by multiplying the Fair Market Value on the Valuation Date by the number of Performance Share Units granted
to the Participant and multiplying the amount so determined by a performance factor representing the degree of attainment of the Performance Goals. 

  

	 	c.	PARTIAL AWARDS. A Participant for less than a full Award Period, whether by reason of commencement or termination of employment or otherwise, shall receive such portion of an Award,
if any, for that Award Period as the Committee shall determine. 

  

	 	d.	PAYMENT OF NON-DEFERRED AWARDS. The amount earned with respect to an Award shall be payable 100% in shares of Stock based on the Fair Market Value on the Valuation Date; provided,
however, that, at its discretion, the Committee may vary such form of payment as to any Participant upon the specific request of such Participant. The amount of any payment made in cash shall be based upon the Fair Market Value on the seventh
business day prior to payment. Except as provided in subparagraph 9(e), payments of Awards shall be made as soon as practicable after the completion of an Award Period. 

  

	 	e.	DEFERRAL OF PAYMENT. A Participant may file a written election with the Committee to defer the payment of any amount otherwise payable pursuant to subparagraph 9(d) on account of an
Award to a period commencing at such future date as specified in the election. Such election must be filed with the Committee no later than the last day of the month which is two-thirds of the way through the Award Period during which the Award is
earned, unless the Committee specifies an earlier filing date. 

  

	 	f.	SEPARATE ACCOUNTS. At the conclusion of each Award Period, the Committee shall cause a separate account to be maintained in the name of each Participant with respect to whom all or
a portion of an Award of Performance Share Units earned under the Plan has been deferred. All amounts credited to such account shall be fully vested at all times. 

  

	 	g.	ELECTION OF FORM OF INVESTMENT. Within 60 days from the end of each Award Period, and at such time or times, if any, as the Committee may permit, a Participant may file a written
election with the Committee of the percentage of the deferred portion of any Award of Performance Share Units which is to be expressed in the form of dollars and credited with interest, the percentage of such Award which is to be expressed in the
form of Phantom Stock Units and the percentage of such Award which is to be deemed invested in any other hypothetical investment equivalent from time to time made available under the Plan by the Committee. In the event a Participant fails to file an
election within the time prescribed, one hundred percent (100%) of the deferred portion of such Participant’s Award shall be expressed in the form of Phantom Stock Units. 

  

	 	h.	INTEREST PORTION. The amount of interest credited with respect to the portion of an Award credited to the Participant’s account which is deferred and credited with interest
(the “Interest Portion”) shall be equal to the amount such portion would have earned had it been credited with interest from the last day of the Award Period with 

	 	  	respect to which the Award was made until the seventh business day preceding the date as of which payment is made, compounded annually, at the Company’s rate of return on
stockholders’ equity for each fiscal year that payment is deferred, or at such other rate as the Committee may from time to time determine. The Committee may, in its sole discretion, credit interest on amounts payable prior to the date on which
the Company’s rate of return on stockholders’ equity becomes ascertainable at the rate applicable to deferred amounts during the year immediately preceding the year of payment. 

  

	 	i.	PHANTOM STOCK UNIT PORTION. With respect to the portion of an Award credited to the Participant’s account which is deferred and expressed in the form of Phantom Stock Units
(the “Phantom Stock Unit Portion”), the number of Phantom Stock Units so credited shall be equal to the result of dividing (i) the Phantom Stock Unit Portion by (ii) the Fair Market Value on the date the Award Period ended.

  

	 	j.	DIVIDEND EQUIVALENTS. Within thirty (30) days from the payment of a dividend by the Company on its Stock, the Phantom Stock Unit Portion of each Participant’s account
shall be credited with additional Phantom Stock Units the number of which shall be determined by (i) multiplying the dividend per share paid on the Company’s Stock by the number of Phantom Stock Units credited to his account at the time
such dividend was declared, then (ii) dividing such amount by the Fair Market Value on the payment date for such dividend. 

	 	k.	PAYMENT OF DEFERRED AWARDS. Payment with respect to amounts credited to the account of a Participant shall be made in a series of annual installments over a period of ten
(10) years, or such other period as the Committee may direct, or as the Committee may allow the Participant to elect, in either case at the time of the original deferral election. Except as otherwise provided by the Committee, each installment
shall be withdrawn proportionately from the Interest Portion and from the Phantom Stock Unit Portion of a Participant’s account based on the percentage of the Participant’s account which he originally elected to be credited with interest
and with Phantom Stock Units, or, if a later election has been permitted by the Committee and is then in effect, based on the percentage specified in such later election. Payments shall commence on the date specified by the Participant in his
deferral election, unless the Committee in its sole discretion determines that payment shall be made over a shorter period or in more frequent installments, or commence on an earlier date, or any or all of the above. If a Participant dies prior to
the date on which payment with respect to all amounts credited to his account shall have been completed, payment with respect to such amounts shall be made to the Participant’s beneficiary in a series of annual installments over a period of
five (5) years, unless the Committee in its sole discretion determines that payment shall be made over a shorter period or in more frequent installments, or both. To the extent practicable, each installment payable hereunder shall approximate
that part of the amount then credited to the Participant’s or beneficiary’s account which, if multiplied by the number of installments remaining to be paid would be equal to the entire amount then credited to the Participant’s
account. 

  

	 	l.	COMPOSITION OF PAYMENT. The Committee shall cause all payments with respect to deferred Awards to be made in a manner such that not more than one-half of the value of each
installment shall consist of Stock. To that end, payment with respect to the Interest Portion and the Phantom Stock Unit Portion of a Participant’s account shall be paid in cash and Stock as the Committee shall determine in its sole discretion.
The determination of any amount to be paid in cash for Phantom Stock Units shall be made by multiplying (i) the Fair Market Value of one share of Stock on the seventh business day prior to the date as of which payment is made, by (ii) the
number of Phantom Stock Units for which payment is being made. The determination of the number of shares of Stock, if any, to be distributed with respect to the Interest Portion of a Participant’s account shall be made by dividing
(i) one-half of the value of such portion on the seventh business day prior to the date as of which payment is made, by (ii) the Fair Market Value of one share of Stock on such date. Fractional shares shall be paid in cash.

  

	 	m.	ALTERNATIVE INVESTMENT EQUIVALENTS. If the Committee shall have permitted Participants to elect to have deferred Awards of Performance Share Units invested in one or more
hypothetical investment equivalents other than interest or Phantom Stock Units, such deferred Awards shall be credited with hypothetical investment earnings at such rate, manner and time as the Committee shall determine. At the end of the deferral
period, payment shall be made in respect of such hypothetical investment equivalents in such manner and at such time as the Committee shall determine. 

	 	n.	ADJUSTMENT OF PERFORMANCE GOALS. The Committee may, during the Award Period, make such adjustments to Performance Goals as it may deem appropriate, to compensate for, or reflect,
any significant changes that may have occurred during such Award Period in (i) applicable accounting rules or principles or changes in the Company’s method of accounting or in that of any other corporation whose performance is relevant to
the determination of whether an Award has been earned or (ii) tax laws or other laws or regulations that alter or affect the computation of the measures of Performance Goals used for the calculation of Awards. 

 10. RESTRICTED STOCK AWARDS AND PHANTOM STOCK UNITS 
  

	 	a.	AWARD OF RESTRICTED STOCK AND PHANTOM STOCK UNITS. 

  

	 	i.	The Committee shall have the authority (1) to grant Restricted Stock and Phantom Stock Unit Awards, (2) to issue or transfer Restricted Stock to Participants, and
(3) to establish terms, conditions and restrictions applicable to such Restricted Stock and Phantom Stock Units, including the Restricted Period, which may differ with respect to each grantee, the time or times at which Restricted Stock or
Phantom Stock Units shall be granted or become vested and the number of shares or units to be covered by each grant. 

  

	 	ii.	The Holder of a Restricted Stock Award shall execute and deliver to the Secretary of the Company an agreement with respect to Restricted Stock and escrow agreement satisfactory to
the Committee and the appropriate blank stock powers with respect to the Restricted Stock covered by such agreements. If a Participant shall fail to execute the agreement, escrow agreement and stock powers within such period, the Award shall be null
and void. Subject to the restrictions set forth in Section 10(b), the Holder shall generally have the rights and privileges of a stockholder as to such Restricted Stock, including the right to vote such Restricted Stock. At the discretion of
the Committee, cash and stock dividends with respect to the Restricted Stock may be either currently paid or withheld by the Company for the Holder’s account, and interest may be paid on the amount of cash dividends withheld at a rate and
subject to such terms as determined by the Committee. Cash or stock dividends so withheld by the Committee shall not be subject to forfeiture. 

  

	 	iii.	In the case of a Restricted Stock Award, the Committee shall then cause stock certificates registered in the name of the Holder to be issued and deposited together with the stock
powers with an escrow agent to be designated by the Committee. The Committee shall cause the escrow agent to issue to the Holder a receipt evidencing any stock certificate held by it registered in the name of the Holder. 

  

	 	iv.	In the case of a Phantom Stock Units Award, no shares of Common Stock shall be issued at the time the Award is made, and the Company will not be required to set aside a fund for the
payment of any such Award. The Committee shall, in its sole discretion, determine whether to credit to the account of, or to currently pay to, each Holder of an Award of Phantom Stock Units an amount equal to the cash dividends paid by the Company
upon one 

	 	  	share of Stock for each Phantom Stock Unit then credited to such Holder’s account (“Dividend Equivalents”). Dividend Equivalents credited to Holder’s account
shall be subject to forfeiture and may bear interest at a rate and subject to such terms as determined by the Committee. 

  

	 	b.	RESTRICTIONS. 

  

	 	i.	Restricted Stock awarded to a Participant shall be subject to the following restrictions until the expiration of the Restricted Period: (1) the Holder shall not be entitled to
delivery of the stock certificate; (2) the shares shall be subject to the restrictions on transferability set forth in the grant; (3) the shares shall be subject to forfeiture to the extent provided in subparagraph (d) and, to the
extent such shares are forfeited, the stock certificates shall be returned to the Company, and all rights of the Holder to such shares and as a shareholder shall terminate without further obligation on the part of the Company.

  

	 	ii.	Phantom Stock Units awarded to any Participant shall be subject to the following restrictions until the expiration of the Restricted Period: (1) the units shall be subject to
forfeiture to the extend provided in subparagraph (d), and to the extent such units are forfeited, all rights of the Holder to such units shall terminate without further obligation on the part of the Company and (2) any other restrictions which
the Committee may determine in advance are necessary or appropriate. 

  

	 	iii.	The Committee shall have the authority to remove any or all of the restrictions on the Restricted Stock and Phantom Stock Units whenever it may determine that, by reason of changes
in applicable laws or other changes in circumstances arising after the date of the Restricted Stock Award or Phantom Stock Award, such action is appropriate. 

  

	 	c.	RESTRICTED PERIOD. The Restricted Period of Restricted Stock and Phantom Stock Units shall commence on the Date of Grant and shall expire from time to time as to that part of the
Restricted Stock and Phantom Stock Units indicated in a schedule established by the Committee in the Incentive Plan Agreement. 

  

	 	d.	FORFEITURE PROVISIONS. In the event a Holder terminates employment during a Restricted Period, that portion of the Award with respect to which restrictions have not expired
(“Non-Vested Portion”) shall be treated as follows. 

  

	 	i.	Resignation or discharge: 

 -The Non-Vested Portion of the
Award shall be completely forfeited. 
  

	 	ii.	Normal Termination: 

 -The Non-Vested Portion of the Award
shall be prorated for service during the Restricted Period and shall be received as soon as practicable following termination. 

	 	iii.	Death: 

 -The Non-Vested Portion of the Award shall be
prorated for service during the Restricted Period and paid to the Participant’s beneficiary as soon as practicable following death. 
  

	 	e.	DELIVERY OF RESTRICTED STOCK AND SETTLEMENT OF PHANTOM STOCK UNITS. Upon the expiration of the Restricted Period with respect to any shares of Stock covered by a Restricted Stock
Award, a stock certificate evidencing the shares of Restricted Stock which have not then been forfeited and with respect to which the Restricted Period has expired (to the nearest full share) shall be delivered without charge to the Holder, or his
beneficiary, free of all restrictions under the Plan. Upon the expiration of the Restricted Period with respect to any Phantom Stock Units covered by a Phantom Stock Unit Award, the Company shall deliver to the Holder or his beneficiary without any
charge one share of Stock for each Phantom Stock Unit which has not then been forfeited and with respect to which the Restricted Period has expired (“vested unit”) and cash equal to any Dividend Equivalents credited with respect to each
such vested unit and the interest thereon, if any; provided, however, that the Committee may, in its sole discretion, elect to pay cash or part cash and part Stock in lieu of delivering only Stock for vested units. If cash payment is made in lieu of
delivering Stock, the amount of such payment shall be equal to the Fair Market Value for the date on which the Restricted Period lapsed with respect to such vested unit. 

  

	 	f.	SEC RESTRICTIONS. Each certificate representing Restricted Stock awarded under the Plan shall bear the following legend: 

 “Transfer of this certificate and the shares represented hereby is restricted pursuant to the terms
of a Restricted Stock Agreement, dated as of             , between OmniComm Systems, Inc. and             . A copy
of such Agreement is on file at the offices of the Company in Miami, Florida.” 
 Stop transfer orders shall be entered with the
Company’s transfer agent and registrar against the transfer of legend securities except in compliance with the Securities Act. 
 11. GENERAL

  

	 	a.	ADDITIONAL PROVISIONS OF AN AWARD. The award of any benefit under the Plan may also be subject to such other provisions (whether or not applicable to the benefit awarded to any
other Participant) as the Committee determines appropriate including, without limitation, provisions to assist the Participant in financing the purchase of Common Stock through the exercise of Options, provisions for the forfeiture of or
restrictions on resale or other disposition of shares acquired under any form of benefit, provisions giving the Company the right to repurchase shares acquired under any form of benefit in the event the Participant elects to dispose of such shares,
and provisions to comply with Federal and state securities laws and Federal and state income tax withholding requirements. 

  

	 	b.	PRIVILEGES OF STOCK OWNERSHIP. Except as otherwise specifically provided in the Plan, no person shall be entitled to the privileges of stock ownership in respect of shares of Stock
which are subject to Options or Restricted Stock Awards, Performance Share Unit Awards or Phantom Stock Unit Awards hereunder until such shares have been issued to that person upon exercise of an Option according to its terms or upon sale or grant
of those shares in accordance with a Restricted Stock Award, Performance Share Unit Award or Phantom Stock Unit Award. 

  

	 	c.	GOVERNMENT AND OTHER REGULATIONS. The obligation of the Company to make payment of Awards in Stock or otherwise shall be subject to all applicable laws, rules, and regulations, and
to such approvals by governmental agencies as may be required. The Company shall be under no obligation to register under the Securities Act any of the shares of Stock paid under the Plan. If the shares paid under the Plan may in certain
circumstances be exempt from registration under the Securities Act, the Company may restrict the transfer of such shares in such manner as it deems advisable to ensure the availability of any such exemption. 

  

	 	d.	TAX WITHHOLDING. Notwithstanding any other provision of the Plan, the Company or a Subsidiary or Affiliate, as appropriate, shall have the right to deduct from all Awards, to the
extent paid in cash, all federal, state or local taxes as required by law to be withheld with respect to such Awards and, in the case of Awards paid in Stock, the Holder or other person receiving such Stock may be required to pay to the Company or a
Subsidiary or Affiliate, as appropriate prior to delivery of such Stock, the amount of any such taxes which the Company or Subsidiary is required to withhold, if any, with respect to such Stock. Subject in particular cases to the disapproval of the
Committee, the Company may accept shares of Stock of equivalent Fair Market Value in payment of such withholding tax obligations if the Holder of the Award elects to make payment in such manner at least six months prior to the date such tax
obligation is determined. 

	 	e.	CLAIM TO AWARDS AND EMPLOYMENT RIGHTS. No employee or other person shall have any claim or right to be granted an Award under the Plan nor, having been selected for the grant of an
Award, to be selected for a grant of any other Award. Neither this Plan nor any action taken hereunder shall be construed as giving any Participant any right to be retained in the employ of the Company or a Subsidiary or Affiliate.

  

	 	f.	DESIGNATION AND CHANGE OF BENEFICIARY. Each Participant shall file with the Committee a written designation of one or more persons as the beneficiary who shall be entitled to
receive the amounts payable with respect to an Award of Performance Share Units, Phantom Share Units or Restricted Stock, if any, due under the Plan upon his death. A Participant may, from time to time, revoke or change his beneficiary designation
without the consent of any prior beneficiary by filing a new designation with the Committee. The last such designation received by the Committee shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be
effective unless received by the Committee prior to the Participant’s death, and in no event shall it be effective as of a date prior to such receipt. 

  

	 	g.	PAYMENTS TO PERSONS OTHER THAN PARTICIPANTS. If the Committee shall find that any person to whom any amount is payable under the Plan is unable to care for his affairs because of
illness or accident, or is a minor, or has died, then any payment due to such person or his estate (unless a prior claim therefor has been made by a duly appointed legal representative), may, if the Committee so directs the Company, be paid to his
spouse, child, relative, an institution maintaining or having custody of such person, or any other person deemed by the Committee to be a proper recipient on behalf of such person otherwise entitled to payment. Any such payment shall be a complete
discharge of the liability of the Committee and the Company therefor. 

  

	 	h.	NO LIABILITY OF COMMITTEE MEMBERS. No member of the Committee shall be personally liable by reason of any contract or other instrument executed by such member or on his behalf in
his capacity as a member of the Committee nor for any mistake of judgment made in good faith, and the Company shall indemnify and hold harmless each member of the Committee and each other employee, officer or director of the Company to whom any duty
or power relating to the administration or interpretation of the Plan may be allocated or delegated, against any cost or expense (including counsel fees) or liability (including any sum paid in settlement of a claim) arising out of any act or
omission to act in connection with the Plan unless arising out of such person’s own fraud or bad faith; provided, however, that approval of the Board shall be required for the payment of any amount in settlement of a claim against any such
person. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s Articles of Incorporation or By-Laws, as a matter of law, or otherwise, or
any power that the Company may have to indemnify them or hold them harmless. 

	 	i.	GOVERNING LAW. The Plan shall be governed by and construed in accordance with the internal laws of the State of Florida without reference to the principles of conflicts of law
thereof. 

  

	 	j.	FUNDING. Except as provided under Section 10, no provision of the Plan shall require the Company, for the purpose of satisfying any obligations under the Plan, to purchase
assets or place any assets in a trust or other entity to which contributions are made or otherwise to segregate any assets, nor shall the Company maintain separate bank accounts, books, records or other evidence of the existence of a segregated or
separately maintained or administered fund for such purposes. Holders shall have no rights under the Plan other than as unsecured general creditors of the Company, except that insofar as they may have become entitled to payment of additional
compensation by performance of services, they shall have the same rights as other employees under general law. 

  

	 	k.	NONTRANSFERABILITY. A person’s rights and interest under the Plan, including amounts payable, may not be sold, assigned, donated, or transferred or otherwise disposed of,
mortgaged, pledged or encumbered except, in the event of a Holder’s death, to a designated beneficiary to the extent permitted by the Plan, or in the absence of such designation, by will or the laws of descent and distribution.

  

	 	l.	RELIANCE ON REPORTS. Each member of the Committee and each member of the Board shall be fully justified in relying, acting or failing to act, and shall not be liable for having so
relied, acted or failed to act in good faith, upon any report made by the independent public accountant of the Company and its Subsidiaries or Affiliates and upon any other information furnished in connection with the Plan by any person or persons
other than himself. 

  

	 	m.	RELATIONSHIP TO OTHER BENEFITS. No payment under the Plan shall be taken into account in determining any benefits under any pension, retirement, profit sharing, group insurance or
other benefit plan of the Company or any Subsidiary or Affiliate except as otherwise specifically provided. 

  

	 	n.	EXPENSES. The expenses of administering the Plan shall be borne by the Company and its Subsidiaries and Affiliates. 

  

	 	o.	PRONOUNS. Masculine pronouns and other words of masculine gender shall refer to both men and women. 

  

	 	p.	TITLES AND HEADINGS. The titles and headings of the sections in the Plan are for convenience of reference only, and in the event of any conflict, the text of the Plan, rather than
such titles or headings shall control. 

 12. CHANGES IN CAPITAL STRUCTURE 
 Options, SARs, Restricted Stock Awards, Phantom Stock Unit Awards, Performance Share Unit Awards, and any agreements evidencing such Awards, and Performance Goals, shall be subject to adjustment or substitution, as
determined by the Committee in its sole discretion, as to the number, price or kind of a share of Stock or other consideration subject to such Awards or as 

 otherwise determined by the Committee to be equitable (i) in the event of changes in the outstanding Stock or in the
capital structure of the Company, or of any other corporation whose performance is relevant to the attainment of Performance Goals hereunder, by reason of stock dividends, stock splits, recapitalizations, reorganizations, mergers, consolidations,
combinations, exchanges, or other relevant changes in capitalization occurring after the Date of Grant of any such Award or (ii) in the event of any change in applicable laws or any change in circumstances which results in or would result in
any substantial dilution or enlargement of the rights granted to, or available for, Participants in the Plan, or which otherwise warrants equitable adjustment because it interferes with the intended operation of the Plan. In addition, in the event
of any such adjustments or substitution, the aggregate number of shares of Stock available under the Plan shall be appropriately adjusted by the Committee, whose determination shall be conclusive. Any adjustment in Incentive Stock Options under this
Section 12 shall be made only to the extent not constituting a “modification” within the meaning of Section 424(h)(3) of the Code, and any adjustments under this Section 12 shall be made in a manner which does not adversely
affect the exemption provided pursuant to Rule 16b-3 under the Exchange Act. The Company shall give each Participant notice of an adjustment hereunder and, upon notice, such adjustment shall be conclusive and binding for all purposes. 
 13. EFFECT OF CHANGE IN CONTROL 
  

	 	a.	In the event of a Change in Control, notwithstanding any vesting schedule provided for hereunder or by the Committee with respect to an Award of Options, SARs, Phantom Stock Units
or Restricted Stock, such Option or SAR shall become immediately exercisable with respect to 100 percent of the shares subject to such Option or SAR, and the Restricted Period shall expire immediately with respect to 100 percent of the Phantom Stock
Units or shares of Restricted Stock subject to Restrictions; provided, however, that to the extent that so accelerating the time an Incentive Stock Option may first be exercised would cause the limitation provided in Section 7(f) to be
exceeded, such Options shall instead first become exercisable in so many of the next following years as is necessary to comply with such limitation. 

  

	 	b.	In the event of a Change in Control, all incomplete Award Periods in effect on the date the Change in Control occurs shall end on the date of such change, and the Committee shall,
(i) determine the extent to which Performance Goals with respect to each such Award Period have been met based upon such audited or unaudited financial information then available as it deems relevant, (ii) cause to be paid to each
Participant partial or full Awards with respect to Performance Goals for each such Award Period based upon the Committee’s determination of the degree of attainment of Performance Goals, and (iii) cause all previously deferred Awards to be
settled in full as soon as possible. 

  

	 	c.	The obligations of the Company under the Plan shall be binding upon any successor corporation or organization resulting from the merger, consolidation or other reorganization of the
Company, or upon any successor corporation or organization succeeding to substantially all of the assets and business of the Company. The Company agrees that it will make appropriate provisions for the preservation of Participant’s rights under
the Plan in any agreement or plan which it may enter into or adopt to effect any such merger, consolidation, reorganization or transfer of assets. 

 14. NONEXCLUSIVITY OF THE PLAN 
 Neither the adoption of this Plan by the Board nor the submission of this Plan to the stockholders of the Company for approval shall be construed as creating any limitations on the power of the Board to adopt such
other incentive arrangements as it may deem desirable, including, without limitation, the granting of stock options otherwise than under this Plan, and such arrangements may be either applicable generally or only in specific cases. 
 15. AMENDMENTS AND TERMINATION 
 The Board may at any time terminate
the Plan. With the express written consent of an individual Participant, the Board may cancel or reduce or otherwise alter the outstanding Awards thereunder if, in its judgment, the tax, accounting, or other effects of the Plan or potential payouts
thereunder would not be in the best interest of the Company. The Board may, at any time, or from time to time, amend or suspend and, if suspended, reinstate, the Plan in whole or in part, provided, however, that without further stockholder approval
the Board shall not: 
  

	 	a.	Increase the maximum number of shares of Stock which may be issued on exercise of Options, SARs, or pursuant to Restricted Stock Awards, Phantom Stock Unit Awards, or Performance
Share Unit Awards, except as provided in Section 12; 

  

	 	b.	Change the maximum Option Price; 

  

	 	c.	Extend the maximum Option term; 

  

	 	d.	Extend the termination date of the Plan; or 

  

	 	e.	Change the class of persons eligible to receive Awards under the Plan. 

 16. EFFECT OF SECTION 162(M) OF THE CODE 
 The Plan, and all Awards issued thereunder, are intended to be exempt from the application of
Section 162(m) of the Code, which restricts under certain circumstances the Federal income tax deduction for compensation paid by a public company to named executives in excess of $1 million per year. This exemption is based on Proposed
Treasury Regulation Section 1.162-27(f), as in effect at the time of the adoption of the Plan, with the understanding that such regulation generally exempts from the application of Section 162(m) of the Code compensation paid pursuant to a
plan that existed before a company becomes publicly held. The Committee may, without shareholder approval, amend the Plan retroactively and/or prospectively to the extent it determines necessary in order to comply with any subsequent clarification
of Section 162(m) of the Code required to preserve the Company’s Federal income tax deduction for compensation paid pursuant to the Plan. 
 As
adopted by the Board of Directors of 
 OmniComm Systems, Inc. 
 as of January 5, 1998Amendment to Stock Option Plan

 EXHIBIT 10.1 
 Amendment No. 3 to Reptron Electronics, Inc., 2004 Stock Option Plan 
 The Board of Directors and Compensation
Committee of Reptron Electronics, Inc., (the “Company”) approved, subject to obtaining shareholder approval, the following amendment to the Company’s 2004 Stock Option Plan (the “Stock Option Plan”) increasing the aggregate
number of shares that may be issued under the Stock Option Plan from 500,000 to 1 million. 
  

	1.	Section 1.2 of the Stock Option Plan is hereby amended to provide in its entirety as follows: 

 1.2 Shares Subject to the Plan. The aggregate number of shares of Common Stock, $0.01 par value per share, of the Company
(“Common Stock”) that may be issued under the Plan shall not exceed 1,000,000 shares; provided, however, that in the event that at any time after the Effective Date the outstanding shares of Common Stock are changed into or
exchanged for a different number or kind of shares or other securities of the Company by reason of a merger, consolidation, recapitalization, reclassification, stock split, stock dividend, combination of shares or the like, the aggregate number and
class of securities available under the Plan shall be ratably adjusted by the Compensation Committee (as defined below), whose determination shall be final and binding upon the Company and all other interested persons. In the event the number of
shares to be delivered upon the exercise or payment of any Option (as defined below) granted under the Plan is reduced for any reason whatsoever or in the event any Option granted under the Plan can no longer under any circumstances be exercised or
paid, the number of shares no longer subject to such Option shall thereupon be released from such Option and shall thereafter be available under the Plan for the grant of additional Options. Shares issued pursuant to the Plan (i) may be
treasury shares, authorized but unissued shares or, if applicable, shares acquired in the open market and (ii) shall be fully paid and nonassessable.

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