Document:

EX-10.6

 Exhibit 10.6 

AMBER ROAD, INC. 
 FORM
OF CHANGE IN CONTROL AGREEMENT 
 This Change in Control Agreement (the “Agreement”) is dated as of
            , 2014 by and between                      (“Executive”) and Amber
Road, Inc., a Delaware corporation (the “Company”). 
 RECITALS 

A. It is expected that the Company from time to time will consider the possibility of an acquisition by another company or other change in
control. The Board of Directors of the Company (the “Board”) recognizes that such consideration can be a distraction to Executive and can cause Executive to consider alternative employment opportunities. The Board has determined that it is
in the best interests of the Company and its shareholders to assure that the Company will have the continued dedication and objectivity of Executive, notwithstanding the possibility, threat or occurrence of a Change in Control (as defined herein) of
the Company. 
 B. The Board believes that it is in the best interests of the Company and its shareholders to provide Executive with an
incentive to continue Executive’s employment and to motivate Executive to maximize the value of the Company upon a Change in Control for the benefit of its shareholders. 

C. The Board believes that it is imperative to provide Executive with certain severance benefits upon Executive’s termination of
employment following a Change in Control. The severance benefits will provide Executive with enhanced financial security and incentive and encouragement to remain with the Company notwithstanding the possibility of a Change in Control. 

D. Certain capitalized terms used in the Agreement are defined in Section 6 below. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto agree as follows: 
 1. Term of Agreement.
This Agreement will terminate upon the date that all of the obligations of the parties hereto with respect to this Agreement have been satisfied. 

2. At-Will Employment. The Company and Executive acknowledge that Executive’s employment is and will continue to be at-will, as
defined under applicable law. 
 3. Severance Benefits. 

(a) Involuntary Termination Following a Change in Control. If upon or within twelve (12) months following a Change in Control
(i) Executive terminates his or her employment with the Company (or any successor of the Company) for Good Reason (as defined herein) or (ii) the Company (or any successor of the Company) terminates Executive’s employment without
Cause (as defined herein), and Executive signs and does not revoke the release of claims as required by Section 4, Executive will receive (in addition to any accrued but 

 
unpaid salary, expense reimbursement and vested benefits payable in accordance with applicable law and under any Company-provided plans, policies and arrangements) the following severance
benefits from the Company: 
 (i) Severance Payment. Executive will receive a single lump sum severance payment (less applicable
withholding taxes) in an amount equal to twelve (12) months of Executive’s annual salary determined at a rate equal to the greater of (A) Executive’s annual salary as in effect immediately prior to the Change in Control, or
(B) Executive’s then current annual salary as of the date of such termination. 
 (ii) Equity Awards. One hundred percent
(100%) of Executive’s then outstanding and unvested Equity Awards as of the date of Executive’s termination of employment will become vested and will otherwise remain subject to the terms and conditions of the applicable Equity Award
agreement. 
 (iii) Benefits. The Company agrees to pay the premiums (including administrative expenses) for Executive’s group
health continuation coverage during the period specified below at the same level of health coverage and benefits as in effect for on the day immediately preceding the date of termination; provided, however, that (1) Executive constitutes a
qualified beneficiary, as defined in Section 4980(B)(g)(1) of the Internal Revenue Code of 1986, as amended (the “Code”); and (2) Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation
Act of 1985, as amended (“COBRA”), within the time period prescribed pursuant to COBRA. The Company will pay such COBRA premiums on behalf of Executive for the 12-month period following the Executive’s termination of employment or, if
Executive’s COBRA continuation coverage expires prior to the end of such 12-month period, until the date Executive’s COBRA continuation coverage expires. Executive will be responsible for the payment of COBRA premiums (including, without
limitation, all administrative expenses) for the COBRA continuation coverage, if any, that continues after the end of the 12-month period. 

(b) Timing of Severance Payments. Unless otherwise required pursuant to Section 10 of this Agreement, the Company will pay the
cash severance payments to which Executive is entitled under this Agreement in a lump sum as soon as reasonably practicable following the date of Executive’s termination of employment with the Company, provided, however, that such payment will
be delayed to the extent required by Section 4 and/or Section 10 of this Agreement. Except to the extent payment is delayed pursuant to Section 4 and/or Section 10(b), all cash severance payments under this Agreement will be paid
no later than sixty days following the date of Executive’s termination of employment with the Company. 
 (c) Voluntary Resignation;
Termination For Cause. If Executive’s employment with the Company terminates (i) voluntarily by Executive (other than for Good Reason) or (ii) for Cause by the Company, then Executive will not be entitled to receive any severance
pay or other benefits pursuant to this Agreement. 
 (d) Disability; Death. If the Company terminates Executive’s employment as
a result of Executive’s Disability, or Executive’s employment terminates due to his or her death, then Executive will not be entitled to receive any severance pay or other benefits pursuant to this Agreement. 

  
 - 2 - 

 (e) Termination Apart from Change in Control. In the event Executive’s employment is
terminated for any reason, either prior to the occurrence of a Change in Control or more than 12 months after a Change in Control, then Executive will not be entitled to receive any severance pay or other benefits pursuant to this Agreement but will
be entitled to receive severance and any other benefits only as may then be established under the Company’s existing written severance and benefits plans and practices or pursuant to other written agreements with the Company, including, without
limitation, any Equity Award agreement. 
 (f) Exclusive Rights. In the event of a termination of Executive’s employment upon or
within twelve (12) months following a Change in Control, the severance pay and other benefits provided pursuant to this Agreement are intended to be and are exclusive and in lieu of any other severance pay or benefits to which Executive may
otherwise be entitled, whether at law, tort or contract, or in equity. Executive will be entitled to no benefits, compensation or other payments or rights upon termination of employment during the 12-month period following a Change in Control other
than (i) any accrued but unpaid salary, vacation, expense reimbursement and vested benefits (other than severance benefits) payable in accordance with applicable law and under any Company-provided plans, policies and arrangements,
(ii) those benefits expressly set forth in this Agreement and (iii) any rights to which Executive may be entitled under any Equity Award agreement. 

4. Conditions to Receipt of Severance. 

(a) Release of Claims Agreement. The receipt of any severance or other benefits pursuant to Section 3 will be subject to Executive
signing and not revoking a release of claims agreement in a form reasonably acceptable to the Company, and such release becoming effective and irrevocable within sixty (60) days of Executive’s termination or such earlier deadline required
by the release (such deadline, the “Release Deadline”). No severance or other benefits will be paid or provided until the release of claims agreement becomes effective and irrevocable, and any severance amounts or benefits otherwise
payable between the date of Executive’s termination and the date such release becomes effective shall be paid on the effective date of such release. Notwithstanding the foregoing, and subject to the release becoming effective and irrevocable by
the Release Deadline, any severance payments or benefits under this Agreement that would be considered Deferred Compensation Separation Benefits (as defined in Section 10(b)) shall be paid on the sixtieth (60th) day following Executive’s “separation from service” within the meaning of Section 409A of the Code, or, if later, such time as required by Section 10(b). If the
release does not become effective by the Release Deadline, Executive will forfeit all rights to severance payments and benefits under this Agreement. 

(b) Other Requirement. Executive’s receipt of any payments or benefits under Section 3 will be subject to Executive
continuing to comply with the terms of any form of Confidential Information, Assignment of Rights, Non-Solicitation and Non-Competition Agreement or similar form of agreement entered into by Executive with the Company (“confidential information
agreement”) . 
 (c) No Duty to Mitigate. Executive will not be required to mitigate the amount of any payment contemplated by
this Agreement, nor will any earnings that Executive may receive from any other source reduce any such payment. 

  
 - 3 - 

 5. Limitation on Payments. In the event that the severance and other benefits provided for
in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code and (ii) but for this Section 5, would be subject to the excise tax imposed by
Section 4999 of the Code, then Executive’s severance benefits under Section 3 will be either: 
 (a) delivered in full, or

 (b) delivered as to such lesser extent which would result in no portion of such severance benefits being subject to excise tax under
Section 4999 of the Code, 
 whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the
excise tax imposed by Section 4999, results in the receipt by Executive on an after-tax basis, of the greatest amount of severance benefits, notwithstanding that all or some portion of such severance benefits may be taxable under
Section 4999 of the Code. Unless the Company and Executive otherwise agree in writing, any determination required under this Section 5 will be made in writing by the Company’s independent public accountants immediately prior to a
Change in Control or a “Big Four” national accounting firm selected by the Company (the “Accountants”), whose determination will be conclusive and binding upon Executive and the Company for all purposes. For purposes of making
the calculations required by this Section 5, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and
4999 of the Code. The Company and Executive will furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section. The Company will bear all costs the Accountants
may reasonably incur in connection with any calculations contemplated by this Section 5. Any reduction in payments and/or benefits required by this Section 5 shall occur in the following order: (1) reduction of cash payments;
(2) reduction of vesting acceleration of Equity Awards; and (3) reduction of other benefits paid or provided to Executive. In the event that acceleration of vesting of Equity Awards is to be reduced, such acceleration of vesting shall be
cancelled in the reverse order of the date of grant for Executive’s Equity Awards. If two or more Equity Awards are granted on the same date, each Equity Award will be reduced on a pro-rata basis. In no event will Executive exercise any
discretion with respect to the ordering of any reduction of payments or benefits pursuant to this Section 5. 
 6. Definition of
Terms. The following terms referred to in this Agreement will have the following meanings: 
 (a) Cause. For purposes of this
Agreement, “Cause” will mean: 
 (i) Executive’s willful and continued failure to perform the duties and responsibilities of
his position (other than as a result of Executive’s illness or injury) after there has been delivered to Executive a written demand for performance from the Company’s President describes the basis for the Company’s President’s
belief that Executive has not substantially performed his duties and provides Executive with a reasonable period (as determined in the sole discretion of the Company’s President, but not to exceed thirty (30) days) to take corrective
action; 

  
 - 4 - 

 (ii) Any material act of personal dishonesty taken by Executive in connection with his
responsibilities as an employee of the Company with the intention that such action may result in the substantial personal enrichment of Executive; 

(iii) Executive’s conviction of, or plea of nolo contendere to, a felony that the Company’s President reasonably believes has had
or will have a material detrimental effect on the Company’s reputation or business; or 
 (iv) A material breach of any agreement by
and between Executive and the Company which material breach has not been cured within thirty days following receipt by Executive of written notice from the Company’s President identifying such material breach. 

(b) Change in Control. For purposes of this Agreement, “Change in Control” shall occur on: (i) the date that any one
person (or more than one person acting as a group) acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or group) assets from the Company that have a total gross fair market value
equal to or more than 80 percent of the total gross fair market value of all of the assets of the Company immediately before such acquisition or acquisitions (as determined in accordance with Section 1.409A-3(i)(5)(vii) of the regulations
issued under Section 409A of the Code (the “Treasury Regulations”)), or (ii) the date that any one person, or more than one person acting as a group, acquires ownership of stock of the Company (including by way of merger,
consolidation or otherwise) that, together with stock of the Company previously held by such person or group, constitutes more than 50 percent of the total fair market value or total voting power of the stock of the Company (as determined in
accordance with Treasury Section 1.409A-3(i)(5)(v)). Notwithstanding the foregoing, a Change in Control shall not include any transaction effected primarily for the purpose of financing the Company with cash (as determined by the Board acting
in good faith and without regard to whether such transaction is effectuated by a merger, equity financing or otherwise) or the initial public offering of the Company’s common stock or for reincorporation purposes. 

(c) Disability. For purposes of this Agreement, “Disability” means total and permanent disability as defined in
Section 22(e)(3) of the Code. 
 (d) Equity Award. For purposes of this Agreement, “Equity Award” shall mean each then
outstanding award relating to the Company’s common stock (whether stock options, stock appreciation rights, shares of restricted stock, restricted stock units, performance shares, performance units or other similar awards. 

(e) Good Reason. For purposes of this Agreement and any Equity Award agreement, “Good Reason” means the occurrence of any of
the following, without Executive’s express written consent: 
 (i) A material reduction of Executive’s authority, duties or
responsibilities; 
 (ii) A material reduction in Executive’s base and/or variable compensation; 

  
 - 5 - 

 (iii) A material change in the geographic location at which Executive must perform his or her
services; provided that in no instance will the relocation of Executive to a facility or a location of fifty (50) miles or less from Executive’s then current office location be deemed material for purposes of this Agreement; 

(iv) failure of the Company to obtain the assumption of this Agreement by any successor to the Company; or 

(v) any material breach or material violation of a material provision of this Agreement by the Company (or any successor to the Company);

 provided, however, that before Executive may resign for Good Reason, (A) Executive must provide the Company with written notice within ninety
(90) days of the initial event that Executive believes constitutes “Good Reason” specifically identifying the facts and circumstances claimed to constitute the grounds for Executive’s resignation for Good Reason and the proposed
termination date (which will not be more than forty-five (45) days after the giving of written notice hereunder by Executive to the Company), and (B) the Company must have an opportunity of at least thirty (30) days following delivery
of such notice to cure the Good Reason condition and the Company must have failed to cure such Good Reason condition. 
 Executive specifically acknowledges
and agrees that for purposes herein the definition of “Good Reason” in this Section 6(e) shall operate with respect to all rights to severance and/or accelerated vesting of any Equity Award paid upon a termination upon or after a
Change in Control and for purposes herein shall supersede and replace in its entirety any other definitions of “Good Reason,” “Involuntary Termination,” or other similar terms that may exist in any other employment agreement,
offer letter, severance plan or policy, Equity Award agreement or Company stock incentive plan document. 
 7. Successors. 

(a) Company Successors. Any successor to the Company (whether direct or indirect and whether by purchase, merger, consolidation,
liquidation or otherwise) to all or substantially all of the Company’s business and/or assets will assume the obligations under this Agreement and agree expressly to perform the obligations under this Agreement in the same manner and to the
same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Agreement, the term “Company” will include any successor to the Company’s business and/or assets
which executes and delivers the assumption agreement described in this Section 7(a) or which becomes bound by the terms of this Agreement by operation of law. 

(b) Executive’s Successors. The terms of this Agreement and all rights of Executive hereunder will inure to the benefit of, and be
enforceable by, Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

  
 - 6 - 

 8. Notice. 

(a) General. Notices and all other communications contemplated by this Agreement will be in writing and will be deemed to have been duly
given when personally delivered or when mailed via Federal Express or similar overnight courier service or by U.S. registered or certified mail, return receipt requested and postage prepaid. In the case of Executive, mailed notices will be addressed
to him or her at the home address which he or she most recently communicated to the Company in writing. In the case of the Company, mailed notices will be addressed to its corporate headquarters, and all notices will be directed to the attention of
its President. 
 (b) Notice of Termination. Any termination by the Company for Cause or by Executive for Good Reason or as a result
of a voluntary resignation will be communicated by a notice of termination to the other party hereto given in accordance with Section 8(a) of this Agreement. Such notice will indicate the specific termination provision in this Agreement relied
upon, will set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and will specify the termination date. The failure by Executive to include in the notice any fact or
circumstance which contributes to a showing of Good Reason will not waive any right of Executive hereunder or preclude Executive from asserting such fact or circumstance in enforcing his or her rights hereunder. 

9. Arbitration. The Company and Executive each agree that any and all disputes arising out of the terms of this Agreement,
Executive’s employment by the Company, Executive’s service as an officer or director of the Company, or Executive’s compensation and benefits, their interpretation and any of the matters herein released, will be subject to binding
arbitration. In the event of a dispute, the parties (or their legal representatives) will promptly confer to select a single arbitrator mutually acceptable to both parties. If the parties cannot agree on an arbitrator, then the moving party may file
a demand for arbitration with the Judicial Arbitration and Mediation Services (“JAMS”) in Essex County, New Jersey, who will be selected and appointed consistent with the Employment Arbitration Rules and Procedures of JAMS (the “JAMS
Rules”), except that such arbitrator must have the qualifications set forth in this paragraph. Any arbitration will be conducted in a manner consistent with the JAMS Rules, supplemented by the New Jersey Rules of Civil Procedure. The parties
further agree that the prevailing party in any arbitration will be entitled to injunctive relief in any court of competent jurisdiction to enforce the arbitration award. The parties hereby agree to waive their right to have any dispute between
them resolved in a court of law by a judge or jury. This paragraph will not prevent either party from seeking injunctive relief (or any other provisional remedy) from any court having jurisdiction over the parties and the subject matter of their
dispute relating to Executive’s obligations under this Agreement and the Company’s form of confidential information agreement. 

10. Code Section 409A. 

(a) Any amount paid under this Agreement that satisfies the requirements of the “short-term deferral” rule set forth in Treasury
Regulation Section 1.409A-1(b)(4) or the “separation pay” exception set forth in Treasury Regulation Section 1.409A-1(b)(9)(iii) shall not constitute Deferred Compensation Separation Benefits for purposes of Section 10(b)
below, and consequently shall be paid to Executive promptly following termination as required by Section 3 of this Agreement. It is intended that the lump sum cash severance payment under this Agreement, if any, satisfy the short-term deferral
rule. 

  
 - 7 - 

 (b) Notwithstanding anything to the contrary in this Agreement, no Deferred Compensation
Separation Benefits (as defined in this Section 10(b)) will become payable under this Agreement until Executive has a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h). Further, if Executive
is a “specified employee” (as defined in Treasury Regulation Section 1.409A-1(i)) at the time of Executive’s separation from service (other than due to Executive’s death), and the severance payable to Executive, if any,
pursuant to this Agreement, when considered together with any other severance payments or separation benefits, are considered deferred compensation under Section 409A (together, the “Deferred Compensation Separation Benefits”), such
Deferred Compensation Separation Payments that are otherwise payable within the first six (6) months following Executive’s termination of employment will become payable on the first payroll date that occurs on or after the date six
(6) months and one (1) day following the date of Executive’s separation from service. All subsequent Deferred Compensation Separation Benefits, if any, will be payable in accordance with the payment schedule applicable to each payment
or benefit. Notwithstanding anything herein to the contrary, if Executive dies following his or her separation from service but prior to the six (6) month anniversary of his or her separation from service, then any payments delayed in
accordance with this paragraph will be payable in a lump sum as soon as administratively practicable after the date of Executive’s death and all other Deferred Compensation Separation Benefits will be payable in accordance with the payment
schedule applicable to each payment or benefit. Each payment and benefit payable under this Agreement is intended to constitute a separate payment for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations. 

(c) Any amount paid under this Agreement that qualifies as a payment made as a result of an involuntary separation from service pursuant to
Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that does not exceed the Section 409A Limit (as defined below) shall not constitute Deferred Compensation Separation Benefits for purposes of Section 10(b) above. For purposes of
this Section 10(c), “Section 409A Limit” will mean two (2) times the lesser of: (i) Executive’s annualized base compensation based upon the annual base rate of pay paid to Executive during Executive’s taxable year
preceding Executive’s taxable year of Executive’s separation from service as determined under Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1); or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to
Section 401(a)(17) of the Code for the year in which Executive’s separation from service occurs. 
 (d) The foregoing provisions
are intended to comply with the requirements of Section 409A so that none of the severance payments and benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be
interpreted to so comply. Accordingly, for purposes of this Agreement, references herein to “termination of employment” or words having similar meaning shall be interpreted to mean “separation from service” as defined in Treasury
Regulation Section 1.409A-1(h). 
 11. Miscellaneous Provisions. 

(a) Waiver. No provision of this Agreement will be modified, waived or discharged unless the modification, waiver or discharge is agreed
to in writing and signed by Executive and by an authorized officer of the Company (other than Executive). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party will be
considered a waiver of any other condition or provision or of the same condition or provision at another time. 

  
 - 8 - 

 (b) Headings. All captions and section headings used in this Agreement are for convenient
reference only and do not form a part of this Agreement. 
 (c) Choice of Law. The validity, interpretation, construction and
performance of this Agreement will be governed by the laws of the State of New Jersey (with the exception of its conflict of laws provisions). 

(d) Integration. This Agreement, together with the form of confidential information agreement and the standard forms of Equity Award
agreement that describe Executive’s outstanding Equity Awards (other than as such Equity Award agreements have been revised pursuant to this Agreement), represents the entire agreement and understanding between the parties as to the subject
matter herein and supersedes all prior or contemporaneous agreements whether written or oral. With respect to Equity Awards granted on or after the date of this Agreement, the acceleration of vesting provisions provided herein will apply to such
Equity Awards except to the extent otherwise explicitly provided in the applicable Equity Award agreement. No waiver, alteration, or modification of any of the provisions of this Agreement will be binding unless in a writing and signed by duly
authorized representatives of the parties hereto. In entering into this Agreement, no party has relied on or made any representation, warranty, inducement, promise, or understanding that is not in this Agreement. To the extent that any provisions of
this Agreement conflict with those of any other agreement between Executive and the Company, the terms in this Agreement will prevail. 

(e) Severability. In the event that any provision or any portion of any provision hereof becomes or is declared by a court of competent
jurisdiction to be illegal, unenforceable, or void, this Agreement will continue in full force and effect without said provision or portion of provision. The remainder of this Agreement shall be interpreted so as best to effect the intent of the
Company and Executive. 
 (f) Withholding. All payments made pursuant to this Agreement will be subject to withholding of applicable
income and employment taxes. 
 (g) Counterparts. This Agreement may be executed in counterparts (including via facsimile and/or PDF
signature), each of which will be deemed an original, but all of which together will constitute one and the same instrument. 

  
 - 9 - 

 IN WITNESS WHEREOF, each of the parties has executed this Agreement as of the day and year set
forth above. 
  

							
	COMPANY	 		 	AMBER ROAD, INC.
				
		 		 	By:	 	  

				
		 		 	Name:	 	  

				
		 		 	Title:	 	  

				
	EXECUTIVE	 		 		 	
				
		 		 	By:	 	  

				
		 		 	Name:	 	  

				
		 		 	Title:	 	  

  
 - 10 -EX-10.7

 Exhibit 10.7 

AMENDMENT NO. 4 
 TO THE

 2002 STOCK OPTION PLAN 

OF 
 Management Dynamics
Inc. 
 In accordance with resolutions adopted by the Board of Directors of Management Dynamics Inc. (the “Company”) and by
the Company’s shareholders, the first sentence of Section 3.1 of the Company’s 2002 Stock Option Plan is hereby amended to read in its entirety as follows: 

“Subject to adjustment pursuant to the provisions of Section 3.2 hereof, the maximum aggregate number of shares of Common Stock which may
be issued and sold hereunder shall be 4,939,270 shares.” 

 AMENDMENT NO. 4 

TO THE 
 2002 STOCK OPTION
PLAN 
 OF 

Management Dynamics Inc. 

In accordance with resolutions adopted by the Board of Directors of Management Dynamics Inc. (the “Company”) and by the
Company’s shareholders, the first sentence of Section 3.1 of the Company’s 2002 Stock Option Plan is hereby amended to read in its entirety as follows: 

“Subject to adjustment pursuant to the provisions of Section 3.2 hereof, the maximum aggregate number of shares of Common Stock which may
be issued and sold hereunder shall be 2,869,270 shares.” 

 AMENDMENT NO. 3 

TO THE 
 2002 STOCK OPTION
PLAN 
 OF 

Management Dynamics Inc. 

In accordance with resolutions adopted by the Board of Directors of Management Dynamics Inc. (the “Company”) and by the
Company’s shareholders, the first sentence of Section 3.1 of the Company’s 2002 Stock Option Plan is hereby amended to read in its entirety as follows: 

“Subject to adjustment pursuant to the provisions of Section 3.2 hereof, the maximum aggregate number of shares of Common Stock which may
be issued and sold hereunder shall be 2,569,270 shares.” 

 AMENDMENT NO. 2 

TO THE 
 2002 STOCK OPTION
PLAN 
 OF 

Management Dynamics Inc. 

In accordance with resolutions adopted by the Board of Directors of Management Dynamics Inc. (the “Company”) and by the
Company’s shareholders, the first sentence of Section 3.1 of the Company’s 2002 Stock Option Plan is hereby amended to read in its entirety as follows: 

“Subject to adjustment pursuant to the provisions of Section 3.2 hereof, the maximum aggregate number of shares of Common Stock which
may be issued and sold hereunder shall be 2,069,270 shares.” 

 AMENDMENT NO. 1 

TO THE 
 2002 STOCK OPTION
PLAN 
 OF 

Management Dynamics Inc. 

In accordance with resolutions adopted by the Board of Directors of Management Dynamics Inc. (the “Company”) and by the
Company’s shareholders, the first sentence of Section 3.1 of the Company’s 2002 Stock Option Plan is hereby amended to read in its entirety as follows: 

“Subject to adjustment pursuant to the provisions of Section 3.2 hereof, the maximum aggregate number of shares of Common Stock which
may be issued and sold hereunder shall be 1,819,270 shares.” 

 MANAGEMENT DYNAMICS INC. 

2002 STOCK OPTION PLAN 

ARTICLE I 
 PURPOSE

 This Management Dynamics Inc. 2002 Stock Option Plan is intended to advance the interests of the Company and its stockholders by
attracting, retaining and motivating key personnel of the Company upon whose judgment, initiative and effort the Company is largely dependent for the successful conduct of its business, and to encourage and enable such persons to acquire and retain
a proprietary interest in the Company by ownership of its stock. 
 ARTICLE II 

DEFINITIONS 
 (a)
“Award” means an award of an Option or Restricted Stock granted under the Plan. 
 (b) “Award Agreement” means an
agreement entered into between the Company and a Participant setting forth the terms and conditions of an Award granted to a Participant. 

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

(d) “Change in Control” shall have the meaning specified in Section 9 hereof. 

(e) “Code” means the Internal Revenue Code of 1986, as amended. 

(f) “Committee” means the Compensation Committee of the Board or any other committee of the Board appointed by the Board to
administer the Plan from time to time. 
 (g) “Common Stock” means the Company’s Common Stock, no par value per share. 

(h) “Company” means Management Dynamics Inc., a New Jersey corporation. 

(i) “Date of Grant” means the date on which an Award under the Plan is made by the Committee, or such later date as the Committee
may specify to be the effective date of the Award. 
 (j) “Eligible Person” means any person who is an Employee, officer,
director, consultant or advisor of the Company or any Subsidiary, or any person who is determined by the Committee to be a prospective employee, officer, director, consultant or advisor of the Company or any Subsidiary. 

 (k) “Employee” means any person who is an employee of the Company or any Subsidiary;
provided, however, that with respect to Incentive Stock Options, “Employee” means any person who is considered an employee of the Company or any Subsidiary for purposes of Treasury Regulation § 1.421-7(h). 

(l) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(m) “Fair Market Value” of a share of Common Stock as of a given date means the fair market value per share of the Common Stock as
determined by the Board or the Committee in good faith. The Board or the Committee is authorized to make its determination as to the fair market value on the following basis: (i) if the Common Stock is not traded on a securities exchange and is
not quoted on the National Association of Securities Dealers, Inc.’s Automated Quotation System (“NASDAQ”), but is quoted on the Over The Counter Electronic Bulletin Board operated by NASDAQ, “Fair Market Value” shall be
determined by the Board or the Committee based on the mean between the average daily bid and average daily asked prices of the Common Stock on the applicable date, as published on such bulletin board; (ii) if the Common Stock is not traded on a
securities exchange and is quoted on NASDAQ, “Fair Market Value” shall be determined by the Board or the Committee based on the closing transaction price of the Common Stock on the applicable date, as reported on NASDAQ; (iii) if the
Common Stock is admitted to trading on a securities exchange, “Fair Market Value” shall be determined by the Board or the Committee based on the closing price of the Common Stock on the applicable date on such securities exchange; or
(iv) if the Common Stock is traded only otherwise than as described in (i), (ii) or (iii) above, or if the Common Stock is not publicly traded, “Fair Market Value” shall be the value determined by the Board or the Committee
in good faith in whatever manner it considers appropriate. 
 (n) “Incentive Stock Option” means a stock option granted under the
Plan that is intended to meet the requirements of section 422 of the Code and the regulations promulgated thereunder. 
 (o)
“Nonqualified Stock Option” means a stock option granted under the Plan that is not an Incentive Stock Option. 
 (p)
“Option” means an Incentive Stock Option or a Nonqualified Stock Option granted under the Plan. 
 (q) “Participant”
means an Eligible Person to whom an Award has been granted, which Award has not expired, under the Plan. 
 (r) “Plan” means this
Management Dynamics Inc. 2002 Stock Option Plan. 
 (s) “Restricted Stock” means an Award under Article VIII hereof entitling a
Participant to shares of Common Stock that are nontransferable and subject to forfeiture until specific conditions established by the Committee are satisfied. 

(t) “Subsidiary” means a subsidiary corporation of the Company, within the meaning of section 424(f) of the Code. 

  
 2 

 ARTICLE III 

SHARES OF STOCK SUBJECT TO PLAN 

3.1 Number of Shares. Subject to adjustment pursuant to the provisions of Section 3.2 hereof, the maximum aggregate number of
shares of Common Stock which may be issued and sold hereunder shall be 1,038,125 shares. The shares of Common Stock to be delivered under the Plan will be made available from authorized but unissued shares of Common Stock or issued shares that have
been reacquired by the Company. To the extent that any Award payable in Common Stock is forfeited, cancelled, returned to the Company for failure to satisfy vesting requirements or upon the occurrence of other forfeiture events, shares of Common
Stock covered thereby will no longer be charged against the foregoing maximum share limitation and may again be made subject to Awards under the Plan pursuant to such limitation. 

3.2 Adjustments. In the event of a reorganization, recapitalization, stock split, stock dividend, combination of shares, merger or
consolidation, or the sale, conveyance, or other transfer by the Company of all or substantially all of its property, or any other change in the corporate structure or shares of the Company, pursuant to any of which events the then outstanding
shares of Common Stock are split up or combined, or are changed into, become exchangeable at the holder’s election for other shares of stock or any other consideration, or in the case of any other transaction described in section 424(a) of the
Code, the Committee may, in the manner and to the extent that it deems to be equitable and appropriate, make adjustments in (i) the number and kind of shares which may be issued pursuant to the Plan, (ii) the number and kind of shares
subject to outstanding Awards, and (iii) the exercise or purchase price for each share subject to outstanding Awards. In no event may any such change be made to an Incentive Stock Option which would constitute a “modification” within
the meaning of section 424(h)(3) of the Code without the consent of any affected Participant. In the event of any merger, consolidation, reorganization or similar corporate event in which shares of the Common Stock are to be exchanged for payment of
cash (the “Cash Consideration”), the Committee may, in its discretion, (i) make equitable adjustments as provided above, or (ii) cancel any outstanding Option in exchange for payment in cash, if any, equal to the excess of the
Cash Consideration for the shares underlying such Option over the exercise price for such shares. 
 ARTICLE IV 

ADMINISTRATION 

4.1 Committee Members. The Plan shall be administered by a Committee comprised of no fewer than two persons selected by the Board.
Solely to the extent deemed necessary or advisable by the Board, each Committee member shall meet the definition of a “nonemployee director” for purposes of such Rule 16b-3 under the Exchange Act and of an “outside director”
under section 162(m) of the Code. The Board shall also have the authority to exercise the powers and duties of the Committee under the Plan. 

  
 3 

 4.2 Committee Authority. Subject to the express provisions of the Plan, the Committee
shall have the authority, in its discretion, to determine the Eligible Persons to whom an Award shall be granted. Subject to the express provisions of the Plan, the Committee shall have the authority, in its discretion, to determine the time or
times at which an Award shall be granted, the number of shares of Common Stock subject to each Award, the exercise or purchase price of the shares subject to each Award, the time or times when each Award shall become vested, exercisable or payable
and the duration of the Award. Subject to the express provisions of the Plan, the Committee shall also have discretionary authority to interpret the Plan, to prescribe, amend and rescind rules and regulations relating to it, to determine the
provisions of each Award Agreement, and to make all the determinations necessary or advisable in the administration of the Plan. All such actions and determinations by the Committee shall be conclusively binding for all purposes and upon all
persons. No Committee member shall be liable for any action or determination made in good faith with respect to the Plan, any Award or any Award Agreement entered into hereunder. 

4.3 Delegation of Authority. The Committee shall have the right, from time to time, to delegate to one or more officers of the Company
the authority of the Committee to grant and determine the terms and conditions of Awards granted under the Plan, subject to such limitations as the Committee shall determine; provided, however, that no such authority may be delegated
with respect to Awards granted to any member of the Board or any Participant who the Committee determines may be subject to Rule 16b-3 under the Exchange Act or section 162(m) of the Code. 

4.4 Changes to Awards. The Committee shall have the authority to effect, at any time and from time to time, (i) the cancellation
of any or all outstanding Awards and the grant in substitution therefor of new Awards covering the same or different numbers of shares of Common Stock and having an exercise or purchase price which may be the same as or different than the exercise
or purchase price of the cancelled Awards, or (ii) the amendment of the terms of any and all outstanding Awards; provided, however, that no such action by the Committee may adversely impair the rights of a Participant (or any
permitted transferee) under any outstanding Award without the consent of the Participant (or transferee). The Committee may in its discretion accelerate the vesting or exercisability of an Award at any time or on the basis of any specified event.

  
 4 

 ARTICLE V 

ELIGIBILITY 
 All
Eligible Persons are eligible to be designated by the Committee to receive an Award under the Plan. The Committee has authority, in its sole discretion, to determine and designate from time to time those Eligible Persons who are to be granted
Awards, the types of Awards to be granted and the number of shares subject to the Awards that are granted under the Plan. 
 ARTICLE VI

 OPTIONS 

6.1 Grant of Option. An Option may be granted to any Eligible Person selected by the Committee. The grant of an Option shall first be
effective upon the date it is approved by the Committee, except to the extent the Committee shall specify a later date upon which the grant of an Option shall first be effective. Each Option shall be designated, at the discretion of the Committee,
as an Incentive Stock Option or a Nonqualified Stock Option; provided, however, that Incentive Stock Options may only be granted to Eligible Persons who are Employees of the Company. The Company and the Participant shall execute an
Award Agreement which shall set forth such terms and conditions of the Option as may be determined by the Committee to be consistent with the Plan, and which may include additional provisions and restrictions that are not inconsistent with the Plan.

 6.2 Maximum Limit. Notwithstanding anything elsewhere in the Plan to the contrary, the maximum number of shares of Common Stock
that may be subject to Options granted to any Participant during any one calendar year shall be 1,038,125 shares, subject to adjustment as provided in Section 3.2 hereof. 

6.3 Option Price. The exercise price under an Option shall be determined by the Committee; provided, however, that in the
case of an Incentive Stock Option the exercise price purchase under an Option shall not be less than 100 percent of the Fair Market Value of a share of Common Stock on the Date of Grant and, in the case of a ten percent (10%) owner (see Article
VII below), such exercise price purchase shall be at least 110% of the Fair Market Value of a share of Common Stock on the Date of Grant. 

6.4 Vesting; Term of Option. An Option shall vest and become exercisable in the manner and subject to such conditions provided by the
Committee and set forth in the Award Agreement. The Committee, in its sole discretion, may accelerate the exercisability of any Option at any time. The period during which a vested Option may be exercised shall be determined by the Committee,
subject to a maximum term of ten years from the Date of Grant and such other limitations as may apply upon the termination of a Participant’s employment or other service or as otherwise specified by the Committee in the Award Agreement. 

  
 5 

 6.5 Option Exercise; Withholding. Subject to such terms and conditions as shall be
specified in an Award Agreement, an Option may be exercised in whole or in part at any time, with respect to whole shares only, by written notice of intent to exercise the Option with respect to a specified number of shares delivered to the Company
at its principal office, together with payment in full of aggregate exercise price therefor. Payment of the exercise price shall be made (i) in cash or by cash equivalent acceptable to the Company, (ii) at the discretion of the Committee,
in Common Stock that has been held by the Participant for at least six months (or such other period as the Committee may deem appropriate for purposes of applicable accounting rules), valued at the Fair Market Value of such shares determined on the
date of exercise, (iii) at the discretion of the Committee, by a delivery of a notice that the Participant has placed a market sell order (or similar instruction) with a broker with respect to shares of Common Stock then issuable upon exercise
of the Option, and that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the exercise price (conditioned upon the payment of such net proceeds), (iv) at the discretion of
the Committee, by a combination of the methods described above, or (v) by such other method as may be approved by the Committee and set forth in the Award Agreement. In addition to and at the time of payment of the exercise price, the
Participant shall pay to the Company the full amount of all federal and state withholding and other employment taxes required to be withheld in connection with such exercise, in any manner consistent with the foregoing that is approved by the
Committee and set forth in the Award Agreement. 
 6.6 Death. Unless otherwise provided by the Committee and set forth in the Award
Agreement, if a Participant who has been granted an Option shall die at any time after the Date of Grant and while he or she is an Eligible Person, the executor or administrator of the estate of the decedent, or the person or persons to whom an
Option shall have been validly transferred pursuant to will or the laws of descent and distribution, shall have the right, during the period ending one year after the date of such Participant’s death (subject to the term of the Option), to
exercise such Participant’s Option to the extent that it was exercisable at the date of such Participant’s death and shall not have been previously exercised. The Committee may determine at or after grant (but prior to death) to make any
portion of an Option that is not exercisable at the date of death immediately vested and exercisable. 
 6.7 Disability. Unless
otherwise provided by the Committee and set forth in the Award Agreement, if the employment or other service with the Company or any Subsidiary of a Participant who has been granted an Option shall be terminated as a result of his or her permanent
and total disability (within the meaning of section 22(e)(3) of the Code) at any time after the Date of Grant and while he or she is an Eligible Person, such Participant (or in the case of a Participant who is legally incapacitated, his or her
guardian or legal representative) shall 

  
 6 

 
have the right, during a period ending one year after the date of his or her disability (subject to the term of the Option), to exercise such Option to the extent that it was exercisable at the
date of such termination of employment or other service and shall not have been exercised. The Committee may determine at or after grant (but prior to disability) to make any portion of an Option that is not exercisable at the date of termination of
employment or other service due to disability immediately vested and exercisable. 
 6.8 Termination for Cause. Unless otherwise
provided by the Committee and set forth in the Award Agreement, if the employment or other service with the Company or any Subsidiary of a Participant who has been granted an Option shall be terminated for cause, such Participant’s right to
exercise any unexercised portion of such Option shall immediately terminate and all rights thereunder shall cease. For purposes of this Section 6.8, termination for “cause” shall include, but not be limited to, embezzlement or
misappropriation of corporate funds, misconduct resulting in material injury to the Company or any Subsidiary, significant activities harmful to the reputation of the Company or any Subsidiary, a significant violation of Company or Subsidiary
policy, willful refusal to perform, or substantial disregard of, the duties properly assigned to such Participant, or a significant violation of any contractual, statutory or common law duty of loyalty to the Company or any Subsidiary, or conduct,
which in the reasonable opinion of the Board, materially and adversely affects the best interests of the Company or any of its affiliates, including, without limitation, the conviction of a felony or a crime of the third class, the commission or
attempted commission of any act of willful misconduct or dishonesty or malfeasance. Notwithstanding the foregoing, in the event such Participant is party to an employment (or similar) agreement with the Company or any Subsidiary that defines the
term “cause,” such definition shall apply for purpose of the Plan. The Committee shall have the power to determine whether the Participant has been terminated for cause and the date upon which such termination for cause occurs. Any such
determination shall be final, conclusive and binding upon the Participant. 
 6.9 Other Termination of Service. Unless otherwise
provided by the Committee and set forth in the Award Agreement, if the employment or other service with the Company or any Subsidiary of a Participant who has been granted an Option shall be terminated for any reason other than death, permanent and
total disability or termination for cause, such Participant shall have the right, during the period ending 90 days after such termination (subject to the term of the Option), to exercise such Option to the extent that it was exercisable at the date
of such termination and shall not have been exercised. For purposes of this Section 6.9, a Participant shall not be considered to have terminated employment or other service with the Company or any Subsidiary until the expiration of the period
of any military, sick leave or other bona fide leave of absence, up to a maximum period of 90 days (or such greater period during which the Participant is guaranteed reemployment either by statute or contract). 

  
 7 

 ARTICLE VII 

ADDITIONAL RULES FOR ISOs 

7.1 Annual Limits. No Incentive Stock Option shall be granted to a Participant as a result of which the aggregate Fair Market Value
(determined as of the date of grant) of the stock with respect to which Incentive Stock Options are exercisable for the first time in any calendar year under the Plan and any other stock option plans of the Company, any Subsidiary, or any parent
corporation, would exceed $100,000, determined in accordance with section 422(d) of the Code. This limitation shall be applied by taking Options into account in the order in which granted. 

7.2 Other Terms and Conditions. Any Incentive Stock Option granted hereunder shall contain such additional terms and conditions, not
inconsistent with the terms of this Plan, as are deemed necessary or desirable by the Committee, which terms, together with the terms of this Plan, shall be intended and interpreted to cause such Incentive Stock Option to qualify as an
“incentive stock option” under section 422 of the Code. Such terms shall include, if applicable, limitations on Incentive Stock Options granted to ten-percent owners of the Company as determined under sections 422(b)(6) and 424(d) of the
Code. An Award Agreement for an Incentive Stock Option may provide that such Option shall be treated as a Nonqualified Stock Option to the extent that certain requirements applicable to “incentive stock options” under the Code shall not be
satisfied. 
 7.3 Disqualifying Dispositions. If shares of Common Stock acquired by exercise of an Incentive Stock Option are
disposed of within two years following the Date of Grant or one year following the transfer of such shares to the Participant upon exercise, the Participant shall, promptly following such disposition, notify the Company in writing of the date and
terms of such disposition and provide such other information regarding the disposition as the Committee may reasonably require. 
 ARTICLE
VIII 
 RESTRICTED STOCK 

8.1 Grant of Restricted Stock. An Award of Restricted Stock to a Participant represents shares of Common Stock that are issued subject
to such restrictions on transfer and other incidents of ownership and such forfeiture conditions as the Committee may determine. The Committee may, in connection with any Award of Restricted Stock, require the payment of a specified purchase price.

 8.2 Vesting Requirements. The restrictions imposed on shares granted under an Award of Restricted Stock shall lapse in accordance
with the vesting requirements specified 

  
 8 

 
by the Committee in the Award Agreement. Such vesting requirements may be based on the continued employment of the Participant with the Company or its Subsidiaries for a specified time period or
periods. Such vesting requirements may also be based on the attainment of specified business goals or measures established by the Committee in its sole discretion. 

8.3 Restrictions. Shares granted under any Award of Restricted Stock may not be transferred, assigned or subject to any encumbrance,
pledge, or charge until all applicable restrictions are removed or have expired, unless otherwise allowed by the Committee. The Committee may require the Participant to enter into an escrow agreement providing that the certificates representing the
shares granted or sold under an Award of Restricted Stock will remain in the physical custody of an escrow holder until all restrictions are removed or have expired. Failure to satisfy any applicable restrictions shall result in the subject shares
of the Restricted Stock being forfeited and returned to the Company, with any purchase price paid by the Participant to be refunded, unless otherwise provided by the Committee. The Committee may require that certificates representing the shares
granted under an Award of Restricted Stock bear a legend making appropriate reference to the restrictions imposed. At the time that all applicable restrictions (other than as required under the Securities Act of 1933, as amended (the
“Securities Act”) or otherwise) are removed or have expired with respect to the Restricted Stock, a stock certificate for the appropriate number of shares of Common Stock, free of the restrictions and restrictive stock legend (other than
as required under the Securities Act or otherwise), shall be delivered to the Participant or his beneficiary or estate, as the case may be. A Participant may at any time request delivery from the Company, with respect to any portion of the
Restricted Stock granted pursuant to an Award as to which all applicable restrictions (other than as required under the Securities Act, or otherwise) are removed or have expired, a stock certificate for the appropriate number of shares of Common
Stock, free of restrictions and restrictive stock legend (other than as required under the Securities Act, or otherwise). 
 8.4 Rights
as Stockholder. Subject to the foregoing provisions of this Section 8 and the applicable Award Agreement, the Participant will have all rights of a stockholder with respect to the shares granted to him or her other under an Award of
Restricted Stock, including the right to vote the shares and receive all dividends and other distributions paid or made with respect thereto, unless the Committee determines otherwise at the time the Restricted Stock is granted. 

8.5 Section 83(b) Election. If a Participant makes an election pursuant to section 83(b) of the Code with respect to an Award of
Restricted Stock, the Participant shall be required to promptly file a copy of such election with the Company. 

  
 9 

 ARTICLE IX 

CHANGE IN CONTROL 

9.1 Change in Control. An Award Agreement may or may not provide that, upon a “change in control” of the Company (as defined
below), (i) all or any portion of each outstanding Option, to the extent that it shall not otherwise have become vested and exercisable, shall automatically become immediately vested and exercisable, without regard to any otherwise applicable
vesting requirement, and (ii) any restricted period in effect shall automatically terminate as to all shares of Common Stock awarded pursuant to an Award of Restricted Stock. 

9.2 Definition. For purposes of Section 9.1 hereof, a “change in control” of the Company shall be deemed to have
occurred if and when: 
 (i) individuals who during any 12-month period constitute the entire Board as of the beginning of the period and
any new directors whose election by the Board, or whose nomination for election by the Company’s stockholders, shall have been approved by a vote of at least a majority of the directors then in office who either were directors at such time or
whose election or nomination for election shall have been so approved shall cease for any reason to constitute a majority of the members of the Board; 

(ii) any person (as such term is used in Sections 13(d) and 14(d)(2) of the Exchange Act shall become the beneficial owner (as defined in
Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the voting power of all then outstanding securities of the Company having the right under ordinary circumstances to vote
in an election of the Board (including, without limitation, any securities of the Company that any such person has the right to acquire pursuant to any agreement, or upon exercise of conversion rights, warrants or options, or otherwise, shall be
deemed beneficially owned by such person); excluding, however, acquisition of beneficial ownership resulting from the following: (1) any acquisition directly from the Company, other than an acquisition by virtue of the exercise of a conversion
privilege unless the security being so converted was itself acquired directly from the Company, (2) any acquisition by the Company and (3) any acquisition by an employee benefit plan (or related trust) sponsored or maintained by the
Company; 
 (iii) there shall be consummated any corporate transaction, including a consolidation or merger, of the Company in which the
Company is not the continuing or surviving corporation or pursuant to which shares of the Company’s capital stock are converted into cash, securities or other property, other than a consolidation or merger of the Company in which the holders of
the Company’s voting stock immediately prior to the consolidation or merger shall, upon consummation of the consolidation or merger, own at least 50% of the voting stock of the surviving entity after such consolidation or merger; or 

  
 10 

 (iv) there shall be consummated any sale, lease, exchange or transfer (in any single transaction
or series of related transactions) of all or substantially all of the assets or business of the Company. 
 ARTICLE X 

AWARD AGREEMENTS 

10.1 Form of Agreement. Each Award under this Plan shall be evidenced by an Award Agreement in a form approved by the Committee setting
forth the number of shares of Common Stock or other rights (as applicable) subject to the Award, the exercise or purchase price (if any) of the Award, the time or times at which an Award will become vested, exercisable or payable, and the duration
of the Award. The Award Agreement shall also set forth other material terms and conditions applicable to the Award as determined by the Committee consistent with the limitations of this Plan. Award Agreements evidencing Incentive Stock Options shall
contain such terms and conditions as may be necessary to meet the applicable provisions of section 422 of the Code. 
 10.2 Forfeiture
Events. Unless otherwise determined by the Board (including the unanimous affirmative vote of the directors appointed by the holders of the Company’s preferred stock), upon termination of employment with the Company for cause (in the case
of any Award) and upon termination of the relationship with the Company for cause upon which Nonqualified Stock Options or Restricted Stock were granted pursuant to the Plan (including, but not limited to, termination of a consulting relationship,
termination of a directorship or other type of relationship upon which Nonqualified Stock Options or Restricted Stock were granted), the Company shall have the option to purchase any or all shares in the Company owned by the Participant which were
purchased by such Participant through the grant of Awards under the Plan at the original purchase price for such shares. For purposes of this Plan, the term “cause” shall mean conduct materially and adversely affecting the best interests
of the Company or any of its affiliates such as to make it unreasonable to expect the Company to continue to employ or retain the services of the Participant, or which is likely to bring the Company into disrepute, in each case in the reasonable
opinion of the Board, including, without limitation, the conviction of a felony or a crime of the third class, the commission or attempted commission of any act of willful misconduct or dishonesty or malfeasance, the material or persistent failure
to perform or gross negligence in the performance by the Participant of his or her duties to the Company, or the violation or attempted violation of any provision of any employment, consulting, confidentiality or other agreement between the Company
and the Participant; provided, however, that if the term “cause” is defined in an employment agreement, consulting agreement or other agreement between an individual Participant and the Company, then as to such Participant, such definition
of “cause” shall govern for purposes of the Plan. The Committee may specify in an Award Agreement that the Participant’s rights, payments and benefits with respect to an Award shall be 

  
 11 

 
subject to other reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an
Award. Such events shall include, but shall not be limited to, violation of material Company or Subsidiary policies, breach of noncompetition, confidentiality or other restrictive covenants that may apply to the Participant, or other conduct by the
Participant that is detrimental to the business or reputation of the Company or any Subsidiary. 
 ARTICLE XI 

TRANSFER RESTRICTIONS 

11.1 No Assignment or Transfer; Beneficiaries. All Awards granted under the Plan shall not be assignable or transferable, except by
will or by the laws of descent and distribution. During the lifetime of a Participant, the Award shall be exercised only by such Participant or by his guardian or legal representative. Notwithstanding the foregoing, the Committee may provide in the
terms of an Award Agreement that the Participant shall have the right to designate a beneficiary or beneficiaries who shall be entitled to any rights, payments or other specified under an Award following the Participant’s death. 

ARTICLE XII 
 STOCK
CERTIFICATES 
 12.1 Issuance of Certificates. Subject to Section 12.2 hereof, the Company shall issue a stock
certificate in the name of the Participant (or other permitted transferee in accordance with the provisions of the Plan) for the shares of Common Stock purchased by exercise or received upon grant of an Award (i) in the case of an Option, after
due exercise and payment of the exercise price and (ii) in the case of Restricted Stock, as described in Section 8.3 hereof. 

12.2 Conditions. The Company shall not be required to issue or deliver any certificate for shares of Common Stock in respect of an
Award granted hereunder or any portion thereof prior to fulfillment of all of the following conditions: 
 (i) the completion of any
registration or other qualification of such shares, under any federal or state law or under the rulings or regulations of the Securities and Exchange Commission or any other governmental regulatory body, that the Committee shall in its sole
discretion deem necessary or advisable; 
 (ii) the obtaining of any approval or other clearance from any federal or state governmental
agency which the Committee shall in its sole discretion determine to be necessary or advisable; 

  
 12 

 (iii) the lapse of such reasonable period of time following the exercise or grant of an Award as
the Committee from time to time may establish for reasons of administrative convenience; 
 (iv) satisfaction by the Participant of all
applicable withholding taxes or other withholding liabilities; and 
 (v) if required by the Committee, in its sole discretion, the receipt
by the Company from a Participant of (i) a representation in writing that the shares of Common Stock received upon grant of an Award are being acquired for investment and not with a view to distribution and (ii) such other representations
and warranties as are deemed necessary by counsel to the Company. 
 12.3 Legends. The Company reserves the right to legend any
certificate for shares of Common Stock, conditioning sales of such shares upon compliance with applicable federal and state securities laws and regulations. 

ARTICLE XIII 

EFFECTIVE DATE; TERMINATION AND AMENDMENT 

13.1 Effective Date; Stockholder Approval. The Plan shall become effective on the date of its adoption by the Board; provided,
however, that no Incentive Stock Option shall be exercisable by a Participant unless and until the Plan shall have been approved by the stockholders of the Company, which approval shall be obtained within 12 months before or after the
adoption of the Plan by the Board. 
 13.2 Termination. The Plan shall terminate on the date immediately preceding the tenth
anniversary of the date the Plan is adopted by the Board. The Board may, in its sole discretion and at any earlier date, terminate the Plan. Notwithstanding the foregoing, no termination of the Plan shall adversely affect any Award theretofore
granted without the consent of the Participant or the permitted transferee of the Award. 
 13.3 Amendment. The Board may at any time
and from time to time and in any respect, amend or modify the Plan. No amendment or modification of the Plan shall adversely affect any Award theretofore granted without the consent of the Participant or the permitted transferee of the Award. 

  
 13 

 ARTICLE XIV 

MISCELLANEOUS 

14.1 Employment or Other Service. Nothing in the Plan, in the grant of any Award or in any Award Agreement shall confer upon any
Eligible Person the right to continue in the capacity in which he or she is employed by or otherwise provides services to the Company or any Subsidiary. Notwithstanding anything contained in the Plan to the contrary, unless otherwise provided in an
Award Agreement or other agreement between the Participant and the Company, no Award shall be affected by any change of duties or position of the Participant (including a transfer to or from the Company or any Subsidiary), so long as such
Participant continues to be an Eligible Person. 
 14.2 Rights as Stockholder. A Participant or the permitted transferee of an Award
shall have no rights as a stockholder with respect to any shares subject to such Award prior to the purchase of such shares by exercise of such Award (if required) and payment of the exercise or purchase price (if any) as provided herein. Nothing
contained herein shall create an obligation on the part of the Company to repurchase any shares of Common Stock purchased hereunder. 
 14.3
Tax Withholding. The Participant shall be responsible for payment of any taxes or similar charges required by law to be withheld in connection with an Award, which shall be paid by the Participant on or prior to the event that results in
taxable income in respect of the Award. The Award Agreement shall specify the manner in which the withholding obligation shall be satisfied with respect to the particular type of Award. 

14.4 Other Compensation and Benefit Plans. The adoption of the Plan shall not affect any other stock option or incentive or other
compensation plans in effect for the Company or any Subsidiary, nor shall the Plan preclude the Company from establishing any other forms of incentive or other compensation for employees of the Company or any Subsidiary. The amount of any
compensation deemed to be received by a Participant pursuant to an Award shall not constitute compensation with respect to which any other employee benefits of such Participant are determined, including, without limitation, benefits under any bonus,
pension, profit sharing, life insurance or salary continuation plan, except as otherwise specifically determined by the Board or the Committee or provided by the terms of such plan. 

14.5 Plan Binding on Successors. The Plan shall be binding upon the Company, its successors and assigns, and the Participant, his or
her executor, administrator and permitted transferees. 
 14.6 Construction and Interpretation. Whenever used herein, nouns in the
singular shall include the plural, and the masculine pronoun shall include the feminine gender. Headings of Articles and Sections hereof are inserted for convenience and reference and constitute no part of the Plan. 

  
 14 

 14.7 Severability. If any provision of the Plan or any Award Agreement shall be determined
to be illegal or unenforceable by any court of law in any jurisdiction, the remaining provisions hereof and thereof shall be severable and enforceable in accordance with their terms, and all provisions shall remain enforceable in any other
jurisdiction. 
 14.8 Governing Law. The validity and construction of this Plan and of the Award Agreements shall be governed by the
laws of the State of New Jersey. 
 14.9 Section 162(m) IPO Transition Rule. The Plan is intended to qualify for the transition
relief provided under Treasury Regulation §1.162-27(f). Accordingly, all compensation realized by Participants in connection with Awards granted under the Plan within the reliance period described therein is intended to be exempt from the
limitation on tax deductibility under section 162(m). For purposes of the Plan, the reliance period will expire on the earlier of (i) the expiration of the Plan, (ii) a “material modification” of the Plan (within the meaning of
Treasury Regulation §1.162-27(h)(l)(iii)), (iii) the issuance of all Common Stock that has been allocated under the Plan, or (iv) the first meeting of Company stockholders at which directors are to be elected that occurs after the
close of the third calendar year following the calendar year in which an initial public offering of the Common Stock occurs. 

  
 15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00226-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00226-of-00352.parquet"}]]