Document:

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR REGISTERED
OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS SUCH
SALE, TRANSFER, PLEDGE OR HYPOTHECATION IS IN ACCORDANCE WITH SUCH ACT AND APPLICABLE STATE SECURITIES LAWS.

 

Warrant
No. _________

 

No.
of Shares of Common Stock: __________

 

WARRANT

to
Purchase Common Stock of

 

Orbital
Tracking Corp., Inc.

a Nevada Corporation

 

This
Warrant certifies that __________________ (“Purchaser”), is entitled to purchase from Orbital Tracking Corp., Inc.,
a Nevada corporation (the “Company”), ____________ shares of Common Stock (or any portion thereof) at an exercise
price of $4.00 per share of Common Stock, for a period of three (3) years from the date hereof, all on the terms and conditions
hereinafter provided.

 

Section
1. Certain Definitions. As used in this Warrant, unless the context otherwise requires:

 

“Articles”
shall mean the Articles of Incorporation of the Company, as in effect from time to time.

 

“Common
Stock” shall mean the Company’s authorized common stock, no par value per share.

 

“Exercise
Price” shall mean the exercise price per share of Common Stock set forth above, as adjusted from time to time pursuant
to Section 3 hereof.

 

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

 

“Warrant”
shall mean this Warrant and all additional or new warrants issued upon division or combination of, or in substitution for, this
Warrant. All such additional or new warrants shall at all times be identical as to terms and conditions and date, except as to
the number of shares of Common Stock for which they may be exercised.

 

“Warrant
Stock” shall mean the shares of Common Stock purchasable by the holder of this Warrant upon the exercise of such Warrant.

 

“Warrantholder”
shall mean the Purchaser, as the initial holder of this Warrant, and its nominees, successors or assigns, including any subsequent
holder of this Warrant to whom it has been legally transferred.

 

Section
2. Exercise of Warrant.

 

(a)
At any time during the three (3) years following the date hereof, the Purchaser may at any time and from time to time exercise
this Warrant, in whole or in part.

 

(b)
(i) The Warrantholder shall exercise this Warrant by means of delivering to the Company at its office identified in Section 14
hereof (i) a written notice of exercise, including the number of shares of Warrant Stock to be delivered pursuant to such exercise,
(ii) this Warrant and (iii) payment equal to the Exercise Price in accordance with Section 2(b)(ii). In the event that any exercise
shall not be for all shares of Warrant Stock purchasable hereunder, the Company shall deliver to the Warrantholder a new Warrant
registered in the name of the Warrantholder, of like tenor to this Warrant and for the remaining shares of Warrant Stock purchasable
hereunder, within ten (10) days of any such exercise. Such notice of exercise shall be in the Subscription Form set out at the
end of this Warrant.

 

    	 

    	 

    

 

(ii)
The Warrantholder may elect to pay the Exercise Price to the Company either by cash, certified check or wire transfer. In lieu
of cash exercising this Warrant, the Holder of this Warrant may also elect to receive shares equal to the value of this Warrant
(or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice
of such election, in which event the Company shall issue to the Holder hereof a number of Shares computed using the following
formula:

 

X
= Y(A-B)/A

 

	Where
    	X
    — 	The
    number of shares of Common Stock to be issued to the holder of this Warrant.
	 	 	 
	 	Y
    — 	The
    number of shares of Common Stock purchasable under this Warrant.
	 	 	 
	 	A
    — 	The
    fair market value of one share of the Company’s Common Stock.
	 	 	 
	 	B
    — 	The
    Exercise Price (as adjusted to the date of such calculations).

 

For
purposes of this Paragraph 2(b), the fair market value of the Common Stock, if publicly traded, shall be the five day average
of the reported closing price each day of the Shares for the five days immediately preceding the exercise of this Warrant. If
the Shares are not publicly traded, their fair market value shall be the price per share that the Company could obtain from a
willing buyer for shares of Common Stock sold by the Company from authorized but unissued shares, as such prices shall be determined
by reference to the most recent sale or issuance by the Company of Common Stock.

 

(c)
Upon exercise of this Warrant and delivery of the Subscription Form with proper payment relating thereto, the Company shall cause
to be executed and delivered to the Warrantholder a certificate or certificates representing the aggregate number of fully-paid
and nonassessable shares of Common Stock issuable upon such exercise.

 

(d)
The stock certificate or certificates for Warrant Stock to be delivered in accordance with this Section 2 shall be in such denominations
as may be specified in said notice of exercise and shall be registered in the name of the Warrantholder or such other name or
names as shall be designated in said notice. Such certificate or certificates shall be deemed to have been issued and the Warrantholder
or any other person so designated to be named therein shall be deemed to have become the holder of record of such shares, including
to the extent permitted by law the right to vote such shares or to consent or to receive notice as stockholders, as of the time
said notice is delivered to the Company as aforesaid.

 

(e)
The Company shall pay all expenses payable in connection with the preparation, issue and delivery of stock certificates under
this Section 2, including any transfer taxes resulting from the exercise of the Warrant and the issuance of Warrant Stock hereunder.

 

(f)
All shares of Warrant Stock issuable upon the exercise of this Warrant in accordance with the terms hereof shall be validly issued,
fully paid and nonassessable, and free from all liens and other encumbrances thereon, other than liens or other encumbrances created
by the Warrantholder.

 

(g)
In no event shall any fractional share of Common Stock of the Company be issued upon any exercise of this Warrant. If, upon any
exercise of this Warrant, the Warrantholder would, except as provided in this paragraph, be entitled to receive a fractional share
of Common Stock, then the Company shall deliver in cash to such holder an amount equal to such fractional interest.

 

Section
3. Omitted.

 

    	 

    	 

    

 

Section
4. Adjustment of Exercise Price and Warrant Stock.

 

(a)
If, at any time prior to the Expiration Date, the number of outstanding shares of Common Stock is (i) increased by a stock dividend
payable in shares of Common Stock or by a subdivision or split-up of shares of Common Stock, or (ii) decreased by a combination
of shares of Common Stock, then, following the record date fixed for the determination of holders of Common Stock entitled to
receive the benefits of such stock dividend, subdivision, split-up, or combination, the Exercise Price shall be adjusted to a
new amount equal to the product of (I) the Exercise Price in effect on such record date and (II) the quotient obtained by dividing
(x) the number of shares of Common Stock outstanding on such record date (without giving effect to the event referred to in the
foregoing clause (i) or (ii)), by (y) the number of shares of Common Stock which would be outstanding immediately after the event
referred to in the foregoing clause (i) or (ii), if such event had occurred immediately following such record date.

 

(b)
Upon each adjustment of the Exercise Price as provided in Section 3 (a), the Warrantholder shall thereafter be entitled to subscribe
for and purchase, at the Exercise Price resulting from such adjustment, the number of shares of Warrant Stock equal to the product
of (i) the number of shares of Warrant Stock existing prior to such adjustment and (ii) the quotient obtained by dividing (I)
the Exercise Price existing prior to such adjustment by (II) the new Exercise Price resulting from such adjustment.

 

(c)
If, at any time prior to the Expiration Date, there occurs an event which would cause the automatic conversion (“Automatic
Conversion”) of the Warrant Stock into shares of the Company’s common stock (“Common Stock”) in accordance
with the Articles, then any Warrant shall thereafter be exercisable, prior to the Expiration Date, into the number of shares of
Common Stock into which the Warrant Stock would have been convertible pursuant to the Charter if the Automatic Conversion had
not taken place.

 

Section
5. Division and Combination. This Warrant may be divided or combined with other Warrants upon presentation at the aforesaid
office of the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued,
signed by the Warrantholder or its agent or attorney. The Company shall pay all expenses in connection with the preparation, issue
and delivery of Warrants under this Section 4, including any transfer taxes resulting from the division or combination hereunder.
The Company agrees to maintain at its aforesaid office books for the registration of the Warrants.

 

Section
6. Reclassification, Etc. In case of any reclassification or change of the outstanding Common of the Company (other than
as a result of a subdivision, combination or stock dividend), or in case of any consolidation of the Company with, or merger of
the Company into, another corporation or other business organization (other than a consolidation or merger in which the Company
is the continuing corporation and which does not result in any reclassification or change of the outstanding Common Stock of the
Company) at any time prior to the Expiration Date, then, as a condition of such reclassification, reorganization, change, consolidation
or merger, lawful provision shall be made, and duly executed documents evidencing the same from the Company or its successor shall
be delivered to the Warrantholder, so that the Warrantholder shall have the right prior to the Expiration Date to purchase, at
a total price not to exceed that payable upon the exercise of this Warrant, the kind and amount of shares of stock and other securities
and property receivable upon such reclassification, reorganization, change, consolidation or merger by a holder of the number
of shares of Common Stock of the Company which might have been purchased by the Warrantholder immediately prior to such reclassification,
reorganization, change, consolidation or merger, in any such case appropriate provisions shall be made with respect to the rights
and interest of the Warrantholder to the end that the provisions hereof (including provisions for the adjustment of the Exercise
Price and of the number of shares purchasable upon exercise of this Warrant) shall thereafter be applicable in relation to any
shares of stock and other securities and property thereafter deliverable upon exercise hereof.

 

Section
7. Reservation and Authorization of Capital Stock. The Company shall at all times reserve and keep available for issuance
such number of its authorized but unissued shares of Common Stock as will be sufficient to permit the exercise in full of all
outstanding Warrants.

 

    	 

    	 

    

 

Section
8. Stock and Warrant Books. The Company will not at any time, except upon dissolution, liquidation or winding up, close
its stock books or Warrant books so as to result in preventing or delaying the exercise of any Warrant.

 

Section
9. Limitation of Liability. No provisions hereof, in the absence of affirmative action by the Warrantholder to purchase
Warrant Stock hereunder, shall give rise to any liability of the Warrantholder to pay the Exercise Price or as a stockholder of
the Company (whether such liability is asserted by the Company or creditors of the Company).

 

Section
10. Transfer. Subject to compliance with the Securities Act and the applicable rules and regulations promulgated thereunder,
this Warrant and all rights hereunder shall be transferable in whole or in part. Any such transfer shall be made at the office
or agency of the Company at which this Warrant is exercisable, by the registered holder hereof in person or by its duly authorized
attorney, upon surrender of this Warrant together with the assignment hereof properly endorsed, and promptly thereafter a new
warrant shall be issued and delivered by the Company, registered in the name of the assignee. Until registration of transfer hereof
on the books of the Company, the Company may treat the Purchaser as the owner hereof for all purposes.

 

Section
11. Investment Representations; Restrictions on Transfer of Warrant Stock. Unless a current registration statement under
the Securities Act shall be in effect with respect to the Warrant Stock to be issued upon exercise of this Warrant, the Warrantholder,
by accepting this Warrant, covenants and agrees that, at the time of exercise hereof, and at the time of any proposed transfer
of Warrant Stock acquired upon exercise hereof, such Warrantholder will deliver to the Company a written statement that the securities
acquired by the Warrantholder upon exercise hereof are for the account of the Warrantholder or are being held by the Warrantholder
as trustee, investment manager, investment advisor or as any other fiduciary for the account of the beneficial owner or owners
for investment and are not acquired with a view to, or for sale in connection with, any distribution thereof (or any portion thereof)
and with no present intention (at any such time) of offering and distributing such securities (or any portion thereof).

 

Section
12. Loss, Destruction of Warrant Certificates. Upon receipt of evidence satisfactory to the Company of the loss, theft,
destruction or mutilation of any Warrant and, in the case of any such loss, theft or destruction, upon receipt of indemnity and/or
security satisfactory to the Company or, in the case of any such mutilation, upon surrender and cancellation of such Warrant,
the Company will make and deliver, in lieu of such lost, stolen, destroyed or mutilated Warrant, a new Warrant of like tenor and
representing the right to purchase the same aggregate number of shares of Common Stock.

 

Section
13. Amendments. The terms of this Warrant may be amended, and the observance of any term herein may be waived, but only
with the written consent of the Company and the Warrantholder.

 

Section
14. Notices Generally. Any notice, request, consent, other communication or delivery pursuant to the provisions hereof
shall be in writing and shall be sent by one of the following means: (i) by registered or certified first class mail, postage
prepaid, return receipt requested; (ii) by facsimile transmission with confirmation of receipt; (iii) by nationally recognized
courier service guaranteeing overnight delivery; or (iv) by personal delivery, and shall be properly addressed to the Warrantholder
at the last known address or facsimile number appearing on the books of the Company, or, except as herein otherwise expressly
provided, to the Company at its principal executive office, or such other address or facsimile number as shall have been furnished
to the party giving or making such notice, demand or delivery.

 

Section
15. Successors and Assigns. This Warrant shall bind and inure to the benefit of and be enforceable by the parties hereto
and their respective permitted successors and assigns.

 

Section
16. Governing Law. In all respects, including all matters of construction, validity and performance, this Warrant and the
obligations arising hereunder shall be governed by, and construed and enforced in accordance with the laws of the State of Nevada.

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be signed in its name by its President.

 

	Dated:
    _________ ___, 2018	 	 
	 	 	 
	 	Orbital
    Tracking Corp., a Nevada corporation
	 	 	 
	 	By:	 
	 	 	David
    Phipps, President

 

    	 

    	 

    

 

SUBSCRIPTION
FORM

(to
be executed only upon exercise of Warrant)

 

To:
Orbital Tracking Corp.

 

The
undersigned, pursuant to the provisions set forth in the attached Warrant (No. __ ), hereby irrevocably elects to purchase __________
shares of the Common Stock covered by such Warrant and herewith makes payment of $__________, representing the full purchase price
for such shares at the price per share provided for in such Warrant.

 

	Dated:
    	 	 	Name:	 
	 	 	 	Signature:	 
	 	 	 	Address:EX-10.9

 Exhibit 10.9 

ALBERTSONS COMPANIES, INC. 

2014 OMNIBUS EQUITY PLAN 
  

	1.	Purpose; Establishment. 

 The Albertsons Companies, Inc. 2014 Omnibus Equity Plan (the
“Plan”) was originally adopted and approved by the Board of Directors of Rite Aid Corporation and became effective as of June 19, 2014, upon the approval of the stockholders of Rite Aid Corporation. The Plan is hereby amended and
restated to reflect the assumption of the Plan and all Awards thereunder by the Company and renamed as the “Albertsons Companies, Inc. 2014 Omnibus Equity Plan.” 
  

	2.	Definitions. 

 As used in the Plan, the following definitions apply to the terms
indicated below: 
  

	 	(a)	“Affiliate” means any entity if, at the time of granting of an Award (1) the Company, directly or indirectly, owns at least 50% of the combined voting power of all classes of stock of such entity or at
least 50% of the ownership interests in such entity or (2) such entity, directly or indirectly, owns at least 50% of the combined voting power of all classes of stock of the Company. 

 

	 	(b)	“Agreement” shall mean the writing evidencing an Award or a notice of an Award delivered to a Participant by the Company. 

  

	 	(c)	“Award” shall mean any Option, Stock Appreciation Right, Restricted Stock, Phantom Unit, Stock Bonus or Other Award granted pursuant to the terms of the Plan. 

 

	 	(d)	“Board of Directors” shall mean the Board of Directors of the Company. 

  

	 	(e)	 “Business Criteria” shall mean (1) return on total stockholder equity; (2) earnings or book
value per share of Company Stock; (3) net income (before or after taxes); (4) earnings before all or any interest, taxes, depreciation and/or amortization (“EBIT”, “EBITA” or “EBITDA”), including a non-GAAP measure of adjusted EBITDA (“Adjusted EBITDA”); (5) inventory goals; (6) return on assets, capital or investment; (7) market share; (8) cost reduction goals; (9) earnings from
continuing operations; (10) levels of expense, costs or liabilities; (11) store level performance; (12) operating profit; (13) sales or revenues; (14) stock price appreciation; (15) total stockholder return;
(16) implementation or completion of critical projects or processes; (17) prescription counts; (18) customer service or customer service satisfaction; (19) associate satisfaction; (20) clinics opened; (21) stores
remodeled or constructed; (22) cost of capital; (23) Accountable Care Organization results; (24) medical services delivered; (25) leverage ratio or (26) any combination of the foregoing. Where applicable, Business Criteria
may be expressed in terms of attaining a specified level of the particular criteria or the attainment of a percentage increase or decrease in the particular criteria, and may be applied to one or more of the Company, an Affiliate, or a division or
strategic business unit of the Company, or may be applied to the performance of the 

	 	
Company relative to a market index, a group of other companies or a combination thereof, all as determined by the Committee. The Business Criteria may be subject to a threshold level of
performance below which no payment will be made (or no vesting will occur), levels of performance at which specified payments will be made (or specified vesting will occur), and a maximum level of performance above which no additional payment will
be made (or at which full vesting will occur). Each of the Business Criteria shall be determined, where applicable and except as otherwise provided by the Committee, in accordance with generally accepted accounting principles and shall be subject to
certification by the Committee; provided that the Committee shall have the authority to make equitable adjustments to the Business Criteria in recognition of unusual or non-recurring events affecting the
Company or any Affiliate or the financial statements of the Company or any Affiliate, in response to changes in applicable laws or regulations, or to account for items of gain, loss or expense determined to be extraordinary or unusual in nature or
infrequent in occurrence or related to the disposal of a segment of a business or related to a change in accounting principles. If an Award is intended to qualify as performance-based compensation for purposes of Section 162(m) of the Code, the
Committee may provide for one or more objectively determinable adjustments shall be made to the Business Criteria, which may include adjustments that would cause the measures to be considered “non-GAAP
financial measures” under rules promulgated by the Securities and Exchange Commission. 

  

	 	(f)	“Cause” shall have meaning set forth in the Participant’s employment agreement with the Company or an Affiliate; provided that if no such agreement or definition exists, “Cause” shall mean,
unless otherwise specified in an Award Agreement, (i) the Participant’s willful misconduct or gross negligence which materially and demonstrably results in financial harm to the Company; (ii) a material breach by the Participant of
the Participant’s fiduciary duty or duty of loyalty to the Company or any Affiliate which demonstrably results in financial harm to the Company; (iii) the Participant’s misappropriation of funds or other property of the Company or any
Subsidiary or the plea of guilty by the Participant to or conviction of the Participant for the commission of a felony; or (iv) the conduct by the Participant which is a material violation of Company policy or which materially interferes with
the Participant’s ability to perform his or her duties. 

  

	 	(g)	“Change in Control” shall have the meaning set forth in Section 14(d). 

  

	 	(h)	“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and any regulations promulgated thereunder. 

 

	 	(i)	“Committee” shall mean a committee of the Board of Directors, which shall consist of two or more persons, each of whom shall qualify as a “nonemployee director” within the meaning of Rule 16b-3 and an “independent director” within the meaning of the New York Stock Exchange Listed Company Manual; provided that, with respect to Awards granted on or before November 2, 2017 and that are
intended to qualify as “performance-based compensation” under Section 162(m) of the Code, the members of the committee shall also be “outside directors” within the meaning of Section 162(m) of the Code.

  
 2 

	 	(j)	“Company” shall (i) prior to the Merger Date, Rite Aid Corporation, a Delaware corporation, and, where appropriate, each of its Affiliates, and (ii) following the Merger Date, mean Albertsons
Companies, Inc., a Delaware corporation, and, where appropriate, each of its Affiliates. 

  

	 	(k)	“Company Stock” shall mean (i) prior to the Merger Date, the common stock of Rite Aid Corporation, par value $1.00 per share, and (ii) following the Merger Date, the common stock of the Company, par
value $0.01 per share. 

  

	 	(l)	“Covered Associate” shall have the same meaning as the term “Covered Employee” as set forth in Section 162(m) of the Code. 

 

	 	(m)	“Effective Date” shall mean June 19, 2014. 

  

	 	(n)	“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time. 

  

	 	(o)	“Fair Market Value” shall mean, with respect to a share of Company Stock, on a particular date (i) the closing price of Company Stock as quoted on the composite tape of the New York Stock Exchange and
published in The Wall Street Journal with respect to such date, or if there is no trading of Company Stock on such date, such price on the next preceding date on which there was trading in such shares or (ii) if the shares of Stock are then
traded in an over-the-counter market, the average of the closing bid and asked prices for the shares of Stock in such over-the-counter market for the last preceding date on which there was a sale of such Stock in such market, or (iii) if the shares of Stock are not then listed on a national securities exchange or traded
in an over-the-counter market, such value as the Committee, in its sole discretion, shall determine in good faith using a reasonable method in accordance with
Section 409A of the Code. 

  

	 	(p)	“Good Reason” shall have meaning set forth in the Participant’s employment agreement with the Company or an Affiliate; and if no such agreement or definition exists, “Good Reason” shall not
apply to the Participant unless otherwise specified in an Award Agreement. 

  

	 	(q)	“Incentive Stock Option” shall mean an Option that qualifies as an “incentive stock option” within the meaning of Section 422 of the Code, or any successor provision, and which is designated by
the Committee as an Incentive Stock Option. 

  

	 	(r)	“Merger Date” shall mean the date of the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of February 18, 2018, by and among Rite Aid Corporation, the Company,
Ranch Acquisition II LLC, and Ranch Acquisition Corp. 

  
 3 

	 	(s)	“Nonqualified Stock Option” shall mean an Option other than an Incentive Stock Option. 

  

	 	(t)	“Option” shall mean an option to purchase shares of Company Stock granted pursuant to Section 7. 

  

	 	(u)	“Other Award” shall mean an Award granted pursuant to Section 11 hereof. 

  

	 	(v)	“Participant” shall mean a current or former associate, employee, non-employee director or consultant of the Company or its Affiliates to whom an Award has been granted
pursuant to the Plan. 

  

	 	(w)	“Phantom Unit” shall mean the right, granted pursuant to Section 9, to receive in cash or shares the Fair Market Value of a share of Company Stock or, in the case of an Award denominated in cash, to
receive the amount of cash per unit that is determined by the Committee in connection with the Award. 

  

	 	(x)	“Prior Equity Plans” shall mean, collectively, the Rite Aid Corporation 1999 Stock Option Plan, the Albertsons Companies, Inc. 2000 Omnibus Equity Plan (formerly, the “Rite Aid Corporation 2000 Omnibus
Equity Plan”), the Albertsons Companies Inc. 2001 Stock Option Plan (formerly, the “Rite Aid Corporation 2001 Stock Option Plan”), the Albertsons Companies, Inc. 2004 Omnibus Equity Plan (formerly, the “Rite Aid Corporation 2004
Omnibus Equity Plan”), the Albertsons Companies, Inc. 2006 Omnibus Equity Plan (formerly, the “Rite Aid Corporation 2006 Omnibus Equity Plan”), the Albertsons Companies, Inc. 2010 Omnibus Equity Plan (formerly, the “Rite Aid
Corporation 2010 Omnibus Equity Plan”) and the Albertsons Companies, Inc. 2012 Omnibus Equity Plan (formerly, the Rite Aid Corporation 2012 Omnibus Equity Plan”). 

 

	 	(y)	“Qualifying Termination” shall mean a termination of employment by the Company or an Affiliate other than for Cause or by the Participant with Good Reason. 

 

	 	(z)	“Restricted Stock” shall mean a share of Company Stock which is granted pursuant to the terms of Section 8 hereof and which is subject to restrictions as set forth in Section 8(d). 

 

	 	(aa)	“Retirement” shall mean the participant’s voluntary termination of employment with the Company and its Affiliates after having attained age sixty (60) or having completed five (5) years of
current, continuous service with the Company and its Affiliates (measured from the Participant’s most recent first day of employment with the Company or an Affiliate), whichever is later. 

 

	 	(bb)	“Rule 16b-3” shall mean the Rule 16b-3 promulgated under the Exchange Act, as amended from time to time. 

 

	 	(cc)	“Securities Act” shall mean the Securities Act of 1933, as amended from time to time. 

  
 4 

	 	(dd)	“Section 162(m) of the Code” shall mean Section 162(m) of the Code as in effect prior to January 1, 2018. 

  

	 	(ee)	“Stock Appreciation Right” shall mean the right to receive, upon exercise of the right, the applicable amounts as described in Section 8. 

 

	 	(ff)	“Stock Bonus” shall mean a bonus payable in shares of Company Stock granted pursuant to Section 10. 

  

	 	(gg)	“Subsidiary” shall mean a “subsidiary corporation” of the Company within the meaning of Section 424(f) of the Code. 

 

	3.	Stock Subject to the Plan. 

  

	 	(a)	Shares Available for Awards. Shares issued under the Plan may be authorized but unissued shares of Company Stock or authorized and issued shares of Company Stock held in the Company’s treasury.
Notwithstanding anything herein to the contrary, no Awards shall be made under the Plan following the Merger Date. 

  

	 	(b)	Adjustment for Change in Capitalization. In the event that any special or extraordinary dividend or other extraordinary distribution is declared (whether in the form of cash, Company Stock, or other property), or
there occurs any recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, spin-off, combination, repurchase, share exchange or other similar corporate transaction or event,
the Committee shall adjust, as it deems necessary or appropriate, (1) the number and kind of shares of stock which may thereafter be issued in connection with Awards, (2) the number and kind of shares of stock or other property, including
cash, issued or issuable in respect of outstanding Awards, (3) the exercise price, grant price or purchase price relating to any Award, and (4) the limitations set forth in Section 3(a); provided that, with respect to Incentive Stock
Options, such adjustment shall be made in accordance with Section 424 of the Code, and provided further that no such adjustment shall cause any Award hereunder which is or becomes subject to Section 409A of the Code to fail to comply with
the requirements of such section. 

  

	 	(c)	Effect of Plans Operated by Acquired Companies. If a company acquired by the Company or any subsidiary or with which the Company or any Subsidiary combines has shares available under a pre-existing plan approved by stockholders and not adopted in contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of the
pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio used in such acquisition or combination to determine the relative value of the
acquired company’s stock or to determine the consideration payable to the holders of common stock of the acquired company) may be used for Awards under the Plan and shall not reduce the shares authorized for grant under the Plan. Awards using
such available shares shall not be made after the date awards or grants could have been made under the terms of the pre-existing plan, and shall only be made to individuals who were not employees or non-employee directors of the Company prior to such acquisition or combination. 

  
 5 

	4.	Administration of the Plan. 

  

	 	(a)	The Plan shall be administered by the Committee. The Committee shall have the authority in its sole discretion, subject to and not inconsistent with the express provisions of the Plan, to administer the Plan and to
exercise all the powers and authorities either specifically granted to it under the Plan or necessary or advisable in the administration of the Plan, including, without limitation, the authority to grant Awards; to determine the persons to whom and
the time or times at which Awards shall be granted; to determine the type and number of Awards to be granted, the number of shares of Company Stock or cash or other property to which an Award may relate and the terms, conditions, restrictions and
performance criteria relating to any Award; to determine whether, to what extent, and under what circumstances an Award may be settled, cancelled, forfeited, exchanged, or surrendered; to determine whether an Award may be settled in cash and/or
shares of Company Stock; to construe and interpret the Plan and any Award; to prescribe, amend and rescind rules and regulations relating to the Plan; to determine the terms and provisions of Agreements; and to make all other determinations deemed
necessary or advisable for the administration of the Plan. The Committee may, in its sole and absolute discretion, without amendment to the Plan, (a) accelerate the date on which any Option or Stock Appreciation Right becomes exercisable,
(b) waive or amend the operation of Plan provisions respecting exercise after termination of employment (provided that the term of an Option or Stock Appreciation Right may not be extended beyond ten years from the date of grant or the original
term of the Option or Stock Appreciation Right, if less), (c) accelerate the vesting date, or waive any condition imposed hereunder, with respect to any share of Restricted Stock, Phantom Unit, Stock Bonus or Other Award, and (d) otherwise
adjust any of the terms applicable to any such Award in a manner consistent with the terms of the Plan and applicable law. Notwithstanding anything in the Plan to the contrary, the powers and authority of the Committee shall be exercised by the
Board of Directors in the case of Awards made to non-employee directors. Notwithstanding anything in the Plan to the contrary, except with respect to Awards made to
non-employee directors or Awards made with respect to no more than 5% of the aggregate shares of Company Stock authorized under the Plan pursuant to Section 3(a), unless otherwise provided by the
Committee, Awards made pursuant to Sections 7, 8, 9, 10 or 12 of the Plan that vest solely upon the continued employment or service of the Participant may not become fully vested prior to the third anniversary of the date upon which such Award is
granted. 

  

	 	(b)	The Committee’s interpretation of the Plan, any Awards granted pursuant to the Plan or any Award Agreement and all decisions and determinations by the Committee with respect to the Plan shall be final, binding, and
conclusive on all parties. 

  
 6 

	 	(c)	To the extent permitted by applicable law or the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or traded, the Board of Directors or Committee may from time to time
delegate to a committee of one or more members of the Board, or to the Chief Executive Officer of the Company the authority to grant or amend Awards or to take other administrative actions pursuant to this Section 4; provided, however, that in
no event shall such individuals be delegated the authority to grant Awards to, or amend Awards held by, the following individuals: (a) individuals who are subject to Section 16 of the Exchange Act, (b) Covered Employees with respect
to Awards intended to constitute Performance-Based Compensation, or (c) officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder; provided further, that any delegation of administrative
authority shall only be permitted to the extent it is permissible under Section 162(m) of the Code and applicable securities laws or the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or
traded. Any delegation hereunder shall be subject to the restrictions and limits that the Board of Directors or Committee specifies at the time of such delegation, and the Board of Directors or Committee, as the case may be, may at any time rescind
the authority so delegated or appoint a new delegatee. 

  

	5.	Eligibility. 

 The persons who shall be eligible to receive Awards pursuant to the Plan
shall be such associates and employees of the Company or its Affiliates (including officers of the Company and its Affiliates, whether or not they are directors of the Company or an Affiliate), consultants to the Company and its Affiliates and non-employee directors of the Company and its Affiliates, in each case as the Committee (or, in the case of non-employee directors, the Board of Directors) shall select from
time to time. The grant of an Award hereunder in any year to any associate, employee, non-employee director or consultant shall not entitle such person to a grant of an Award in any future year. 

 

	6.	Awards Under the Plan; Agreement. 

 The Committee may grant Options, Stock Appreciation
Rights, Restricted Stock, Phantom Units, Stock Bonuses and Other Awards in such amounts and with such terms and conditions as the Committee shall determine, subject to the provisions of the Plan. Each Award granted under the Plan (except an
unconditional Stock Bonus) shall be evidenced by an Agreement which shall contain such provisions as the Committee may in its sole discretion deem necessary or desirable and which are not in conflict with the terms of the Plan. By accepting an
Award, a Participant shall be deemed to agree that the Award shall be subject to all of the terms and provisions of the Plan and the applicable Agreement. 
  

	7.	Options. 

  

	 	(a)	Identification of Options. Each Option shall be clearly identified in the applicable Agreement as either an Incentive Stock Option or a Nonqualified Stock Option. All Options shall be non-transferable, except by will or the laws of descent and distribution or except as otherwise determined by the Committee for estate planning purposes with respect to a Nonqualified Stock Option.

  
 7 

	 	(b)	Exercise Price. Each Agreement with respect to an Option shall set forth the amount per share (the “option exercise price”) payable by the Participant to the Company upon exercise of the Option. The
option exercise price shall be equal to or greater than the Fair Market Value of a share of Company Stock on the date of grant. Other than with respect to an adjustment described in Section 3, in no event shall the option exercise price be
reduced following the grant of an Option, nor shall an Option be cancelled in exchange for a replacement Option with a lower exercise price or in exchange for another type of Award or cash payment without stockholder approval. In addition, the
Committee shall not have the authority to grant an Option which provides that the Participant will be granted a new Option (sometimes referred to as a “reload option”) for a number of shares equal to the number of shares surrendered by the
Participant upon exercise of all or a part of the original Option. 

  

	 	(c)	Term and Exercise of Options. 

  

	 	(i)	Each Option shall become exercisable at the time determined by the Committee and set forth in the applicable Agreement. At the time of grant of an Option, the Committee may impose such restrictions or conditions to the
exercisability of the Option as it, in its absolute discretion, deems appropriate, including, but not limited to, achievement of performance goals including goals based on one or more Business Criteria. Subject to Section 7(d) hereof, the
Committee shall determine and set forth in the applicable Agreement the expiration date of each Option, which shall be no later than the tenth anniversary of the date of grant of the Option. 

 

	 	(ii)	 An Option shall be exercised by delivering the form of notice of exercise provided by the Company. Payment for
shares of Company Stock purchased upon the exercise of an Option shall be made on the effective date of such exercise by one or a combination of the following means: (A) in cash or by personal check, certified check, bank cashier’s check
or wire transfer; (B) in shares of Company Stock owned by the Participant and valued at their Fair Market Value on the effective date of such exercise; (C) by withholding shares of Company Stock otherwise deliverable upon exercise of an
Option; or (D) by any such other methods (including broker assisted cashless exercise) as the Committee may from time to time authorize; provided, however, that in the case of a Participant who is subject to Section 16 of the Exchange Act,
the method of making such payment shall be in compliance with applicable law. Except as authorized by the Committee, any payment in shares of Company Stock shall be effected by the delivery of such shares to the Secretary of the Company, duly
endorsed in blank or accompanied by stock powers duly executed in blank, together with any other documents and evidences as the Secretary of the Company shall require. If the Committee decides that

  
 8 

	 	
payment will be made in shares of Company Stock, and the amount payable results in a fractional share, payment for the fractional share will be made in cash. 

 

	 	(iii)	Certificates for shares of Company Stock purchased upon the exercise of an Option shall be issued in the name of or for the account of the Participant or other person entitled to receive such shares, and delivered to
the Participant or such other person as soon as practicable following the effective date on which the Option is exercised. 

  

	 	(d)	Provisions Relating to Incentive Stock Options. Incentive Stock Options may only be granted to associates or employees of the Company and its Affiliates, in accordance with the provisions of Section 422 of
the Code. To the extent that the aggregate Fair Market Value of shares of Company Stock with respect to which Incentive Stock Options are exercisable for the first time by a Participant during any calendar year under the Plan and any other stock
option plan of the Company or a Subsidiary shall exceed $100,000, such Options shall be treated as Nonqualified Stock Options. For purposes of this Section 7(d), Fair Market Value shall be determined as of the date on which each such Incentive
Stock Option is granted. No Incentive Stock Option may be granted to an individual if, at the time of the proposed grant, such individual owns (or is deemed to own under the Code) stock possessing more than ten percent (10%) of the total combined
voting power of all classes of stock of the Company unless (A) the exercise price of such Incentive Stock Option is at least one hundred and ten percent (110%) of the Fair Market Value of a share of Company Stock at the time such Incentive
Stock Option is granted and (B) such Incentive Stock Option is not exercisable after the expiration of five years from the date such Incentive Stock Option is granted. 

 

	 	(e)	 Effect of Termination of Employment (or Provision of Services). In the event that the employment of a
Participant with the Company and its Affiliates (or the Participant’s service to the Company and its Affiliates) shall terminate for any reason other than (i) Cause, (ii) death or (iii) disability or Retirement, each Option granted to
such Participant, to the extent that it is exercisable at the time of such termination, shall, unless otherwise determined by the Committee at the time of grant as set forth in the applicable Agreement, remain exercisable for the 90 day period
following such termination, but in no event following the expiration of its term. Each Option that remains unexercisable as of the date of such a termination shall be terminated at the time of such termination, except as may be otherwise determined
by the Committee. In the event that the employment of a Participant with the Company and its Affiliates (or the Participant’s service to the Company and its Affiliates) shall terminate on account of the death of the Participant, each Option
granted to such Participant that is outstanding as of the date of death shall become fully exercisable and shall, unless otherwise determined by the Committee at the time of grant as set forth in the applicable Agreement, remain exercisable by the
Participant’s legal representatives, heirs or legatees for the one year period following such termination, but in no event following the expiration of its term. In the event that the employment of a Participant with the Company

  
 9 

	 	
and its Affiliates (or the Participant’s service to the Company and its Affiliates) shall terminate on account of the disability or Retirement of the Participant (in each case as determined
by the Committee), each Option granted to such Participant that is outstanding and vested as of the date of such termination shall, unless otherwise determined by the Committee at the time of grant as set forth in the applicable Agreement, remain
exercisable by the Participant (or such Participant’s legal representatives) for the one year period following such termination, but in no event following the expiration of its term. Each Option that remains unexercisable as of the date of a
termination due to disability or Retirement shall be terminated at the time of such termination (except as may be otherwise determined by the Committee). In the event of the termination of a Participant’s employment for Cause, each outstanding
Option granted to such Participant shall terminate at the commencement of business on the date of such termination. 

  

	 	(f)	Leave of Absence. In the case of any Participant on an approved leave of absence, the Committee may make such provision respecting the continuance of the Option while in the employ or service of the Company or an
Affiliate as it may deem equitable, except that in no event may an Option be exercised after the expiration of its term. 

  

	8.	Stock Appreciation Rights. 

  

	 	(a)	A Stock Appreciation Right may be granted in connection with an Option, either at the time of grant or, with respect to a Nonqualified Stock Option, at any time thereafter during the term of the Option, or may be
granted unrelated to an Option. At the time of grant of a Stock Appreciation Right, the Committee may impose such restrictions or conditions to the exercisability of the Stock Appreciation Right as it, in its absolute discretion, deems appropriate,
including, but not limited to, achievement of performance goals including goals based on one or more Business Criteria. The term of a Stock Appreciation Right granted without relationship to an Option shall not exceed ten years from the date of
grant. In addition, the exercise price of a Stock Appreciation Right shall be equal to or greater than the Fair Market Value of a share of Company Stock on the date of grant. 

 

	 	(b)	A Stock Appreciation Right related to an Option shall require the holder, upon exercise, to surrender such Option with respect to the number of shares as to which such Stock Appreciation Right is exercised, in order to
receive payment of any amount computed pursuant to Section 8(d). Such Option will, to the extent surrendered, then cease to be exercisable. 

  

	 	(c)	Subject to Section 8(i) and to such rules and restrictions as the Committee may impose, a Stock Appreciation Right granted in connection with an Option will be exercisable at such time or times, and only to the
extent that a related Option is exercisable. All Stock Appreciation Rights shall be non-transferable (except to the extent that such related Option may be transferable), except by will or the laws of descent
and distribution or except as otherwise determined by the Committee for estate planning purposes. 

  
 10 

	 	(d)	Upon the exercise of a Stock Appreciation Right whether related or unrelated to an Option, the holder will be entitled to receive payment of an amount determined by multiplying: 

 

	 	(i)	the excess of the Fair Market Value of a share of Company Stock on the date of exercise of such Stock Appreciation Right over the exercise price of the Stock Appreciation Right, by 

 

	 	(ii)	the number of shares as to which such Stock Appreciation Right is exercised. 

  

	 	(e)	Notwithstanding subsection (d) above, the Committee may place a limitation on the amount payable upon exercise of a Stock Appreciation Right. Any such limitation must be determined as of the date of grant and noted
in the applicable Agreement. 

  

	 	(f)	Payment of the amount determined under subsection (d) above may be made solely in whole shares of Company Stock valued at their Fair Market Value on the date of exercise of the Stock Appreciation Right or
alternatively, in the sole discretion of the Committee, solely in cash or a combination of cash and shares. Except as authorized by the Committee, any payment in shares of Company Stock shall be effected by the delivery of such shares to the
Secretary of the Company, duly endorsed in blank or accompanied by stock powers duly executed in blank, together with any other documents and evidences as the Secretary of the Company shall require. If the Committee decides that payment will be made
in shares of Company Stock, and the amount payable results in a fractional share, payment for the fractional share will be made in cash. 

  

	 	(g)	Other than with respect to an adjustment described in Section 3, in no event shall the exercise price with respect to a Stock Appreciation Right be reduced following the grant of a Stock Appreciation Right, nor
shall a Stock Appreciation Right be cancelled in exchange for a replacement Stock Appreciation Right with a lower exercise price or in exchange for another type of Award or cash payment without stockholder approval. 

 

	 	(h)	 In the event that the employment of a Participant with the Company and its Affiliates (or the Participant’s
service to the Company and its Affiliates) shall terminate for any reason other than (i) Cause, (ii) death or (iii) disability or Retirement, each Stock Appreciation Right granted to such Participant, to the extent that it is exercisable
at the time of such termination, shall, unless otherwise determined by the Committee at the time of grant as set forth in the applicable Agreement, remain exercisable for the 90 day period following such termination, but in no event following the
expiration of its term. Any Stock Appreciation Right that is not exercisable as of the date of such a termination shall be terminated at 

  
 11 

	 	
the time of such termination (except as may be otherwise determined by the Committee). In the event that the employment of a Participant with the Company and its Affiliates (or the
Participant’s service to the Company and its Affiliates) shall terminate on account of the death of the Participant, each Stock Appreciation Right granted to such Participant that is outstanding as of the date of death shall become fully
exercisable and shall, unless otherwise determined by the Committee at the time of grant as set forth in the applicable Agreement, remain exercisable by the Participant’s legal representatives, heirs or legatees for the one year period
following such termination, but in no event following the expiration of its term. In the event that the employment of a Participant with the Company and its Affiliates (or the Participant’s service to the Company and its Affiliates) shall
terminate on account of the disability or Retirement of the Participant (in each case as determined by the Committee), each Stock Appreciation Right granted to such Participant that is outstanding and vested as of the date of such termination shall,
unless otherwise determined by the Committee at the time of grant as set forth in the applicable Agreement, remain exercisable by the Participant (or such Participant’s legal representatives) for the one year period following such termination,
but in no event following the expiration of its term. Each Stock Appreciation Right that remains unexercisable as of the date of a termination due to disability or Retirement shall be terminated at the time of such termination (except as may be
otherwise determined by the Committee). In the event of the termination of a Participant’s employment for Cause, each outstanding Stock Appreciation Right granted to such Participant shall terminate at the commencement of business on the date
of such termination. 

  

	 	(i)	Leave of Absence. In the case of any Participant on an approved leave of absence, the Committee may make such provision respecting the continuance of the Stock Appreciation Right while in the employ or service of
the Company or an Affiliate as it may deem equitable, except that in no event may a Stock Appreciation Right be exercised after the expiration of its term. 

  

	9.	Restricted Stock. 

  

	 	(a)	Price. At the time of the grant of shares of Restricted Stock, the Committee shall determine the price, if any, to be paid by the Participant for each share of Restricted Stock subject to the Award.

  

	 	(b)	Vesting Date. At the time of the grant of shares of Restricted Stock, the Committee shall establish a vesting date or vesting dates with respect to such shares. The Committee may divide such shares into classes
and assign a different vesting date for each class. Provided that all conditions to the vesting of a share of Restricted Stock are satisfied, and subject to Section 9(h), upon the occurrence of the vesting date with respect to a share of
Restricted Stock, such share shall vest and the restrictions of Section 9(d) shall lapse. 

  

	 	(c)	 Conditions to Vesting. At the time of the grant of shares of Restricted Stock, the Committee may impose
such restrictions or conditions to the vesting of such 

  
 12 

	 	
shares as it, in its absolute discretion, deems appropriate, including, but not limited to, achievement of performance goals including goals based on one or more Business Criteria. The Committee
may also provide that the vesting or forfeiture of shares of Restricted Stock may be based upon the achievement of, or failure to achieve, certain levels of performance and may provide for partial vesting of Restricted Stock in the event that the
maximum level of performance is not met if the minimum level of performance has been equaled or exceeded. Notwithstanding anything in this Section 9(c) to the contrary, unless otherwise provided by the Committee pursuant to Section 9(h) or
Section 14, Restricted Stock which vests based on achievement of performance goals or levels of performance may not become fully vested prior to the first anniversary of the date upon which such Restricted Stock is granted. 

 

	 	(d)	Restrictions on Transfer Prior to Vesting. Prior to the vesting of a share of Restricted Stock, such Restricted Stock may not be transferred, assigned or otherwise disposed of, and no transfer of a
Participant’s rights with respect to such Restricted Stock, whether voluntary or involuntary, by operation of law or otherwise, shall be permitted. Immediately upon any attempt to transfer such rights, such shares, and all of the rights related
thereto, shall be forfeited by the Participant. 

  

	 	(e)	Dividends on Restricted Stock. The Committee in its discretion may require that any dividends paid on shares of Restricted Stock be held in escrow until all restrictions on such shares have lapsed.

  

	 	(f)	Issuance of Certificates. The Committee may, upon such terms and conditions as it determines, provide that (1) a certificate or certificates representing the shares underlying a Restricted Stock Award shall
be registered in the Participant’s name and bear an appropriate legend specifying that such shares are not transferable and are subject to the provisions of the Plan and the restrictions, terms and conditions set forth in the applicable
Agreement, (2) such certificate or certificates shall be held in escrow by the Company on behalf of the Participant until such shares become vested or are forfeited or (3) the Participant’s ownership of the Restricted Stock shall be
registered by the Company in book entry form. 

  

	 	(g)	Consequences of Vesting. Upon the vesting of a share of Restricted Stock pursuant to the terms hereof, the restrictions of Section 9(d) shall lapse with respect to such share. Following the date on which a
share of Restricted Stock vests, the Company shall, as determined by the Committee, make a book entry record of such share or cause to be delivered to the Participant to whom such shares were granted, a certificate evidencing such share, which may
bear a restrictive legend, if the Committee determines such a legend to be appropriate. 

  

	 	(h)	 Effect of Termination of Employment (or Provision of Services). Except as may otherwise be provided in the
applicable Agreement, and subject to the Committee’s authority under Section 4 hereof, upon the termination of a Participant’s employment (or upon cessation of such Participant’s services to the

  
 13 

	 	
Company and its Affiliates) for any reason, any and all shares to which restrictions on transferability apply shall be immediately forfeited by the Participant and transferred to, and reacquired
by, the Company. In the event of a forfeiture of shares pursuant to this section, the Company shall repay to the Participant (or the Participant’s estate) any amount paid by the Participant for such shares. In the event that the Company
requires a return of shares, it shall also have the right to require the return of all dividends paid on such shares, whether by termination of any escrow arrangement under which such dividends are held or otherwise. 

 

	10.	Phantom Units. 

  

	 	(a)	Vesting Date. At the time of the grant of Phantom Units, the Committee shall establish a vesting date or vesting dates with respect to such units. The Committee may divide such units into classes and assign a
different vesting date for each class. Provided that all conditions to the vesting of the Phantom Units imposed pursuant to Section 10(c) are satisfied, and subject to Section 10(d), upon the occurrence of the vesting date with respect to
the Phantom Units, such units shall vest. 

  

	 	(b)	Benefit Upon Vesting. Unless otherwise provided in an Agreement, upon the vesting of Phantom Units, the Participant shall be paid, within 30 days of the date on which such units vest, an amount, in cash and/or
shares of Company Stock, as determined by the Committee. In the case of Awards denominated in shares of Company Stock, the amount per Phantom Unit shall be equal to the sum of (1) the Fair Market Value of a share of Company Stock on the date on
which such Phantom Units vest and (2) the aggregate amount of cash dividends paid with respect to a share of Company Stock during the period commencing on the date on which the Phantom Units were granted and terminating on the date on which
such units vest. In the case of Awards denominated in cash, the amount per Phantom Unit shall be equal to the cash value of the Phantom Unit on the date on which such Phantom Units vest. 

 

	 	(c)	Conditions to Vesting. At the time of the grant of Phantom Units, the Committee may impose such restrictions or conditions to the vesting of such units as it, in its absolute discretion, deems appropriate,
including, but not limited to, achievement of performance goals including goals based on one or more Business Criteria. Notwithstanding anything in this Section 10(c) to the contrary, unless otherwise provided by the Committee pursuant to
Section 10(d) or Section 14, Phantom Units which vest based on achievement of performance goals may not become fully vested prior to the first anniversary of the date upon which such Phantom Units are granted. 

 

	 	(d)	 Effect of Termination of Employment (or Provision of Services). Except as may otherwise be provided in the
applicable Agreement, and subject to the Committee’s authority under to Section 4 hereof, Phantom Units that have not vested, together with any dividend equivalents deemed to have been credited with

  
 14 

	 	
respect to such unvested units, shall be forfeited upon the Participant’s termination of employment (or upon cessation of such Participant’s services to the Company and its Affiliates)
for any reason. 

  

	11.	Stock Bonuses. 

 In the event that the Committee grants a Stock Bonus, a certificate for
the shares of Company Stock constituting such Stock Bonus shall be issued in the name of the Participant to whom such grant was made and delivered to such Participant as soon as practicable after the date on which such Stock Bonus is payable, or, as
determined by the Committee, the Company shall make a book entry record of such share. 
  

	12.	Other Awards, Including Cash-Based and Other Stock-Based Awards. 

 Other forms of Awards
(“Other Awards”) valued in whole or in part by reference to, or otherwise based on, Company Stock, including but not limited to dividend equivalents or cash incentive awards, may be granted either alone or in addition to other Awards
(other than in connection with Options or Stock Appreciation Rights) under the Plan. Any dividend or dividend equivalent awarded under the Plan shall be subject to the same restrictions, conditions and risks of forfeiture as the underlying Award.
Cash incentive awards may be denominated in units that have a dollar value established by the Committee as of the date of grant. Subject to the provisions of the Plan, the Committee shall have sole and complete authority to determine the persons to
whom and the time or times at which such Other Awards shall be granted, the number of shares of Company Stock to be granted pursuant to such Other Awards, or the manner in which such Other Awards shall be settled (e.g., in shares of Company Stock or
cash), or the conditions to the vesting and/or payment or settlement of such Other Awards (which may include, but not be limited to, achievement of performance goals including goals based on one or more Business Criteria) and all other terms and
conditions of such Other Awards. If a cash incentive award is not by its terms exempt from Code Section 409A, then the applicable Agreement shall contain terms and conditions intended to avoid adverse tax consequences specified in Code
Section 409A. 
  

	13.	Special Provisions Regarding Certain Awards. 

 The Committee may make Awards hereunder to
Covered Associates (or to individuals whom the Committee believes may become Covered Associates) that are intended to qualify as performance-based compensation under Section 162(m) of the Code. The exercisability and/or payment of such Awards
may be subject to the achievement of performance goals based upon one or more Business Criteria and to certification of such achievement in writing by the Committee. Such performance goals shall be established in writing by the Committee not later
than the time period prescribed under Section 162(m) and the regulations thereunder. The Committee may adjust the applicable Business Criteria as specified in Section 2(e), and in connection with an event described in Section 3(b) to
the extent permitted by Section 162(m) to prevent the dilution or enlargement of a Participant’s rights with respect to Awards. The Committee may adjust downward, but not upward, any amount determined to be otherwise payable with respect
to such an Award. The Committee may also provide, in an Agreement or otherwise, that the achievement of specified performance goals in connection with an Award 

  
 15 

 
described in this Section 13 may be waived upon death or disability or under any other circumstance with respect to which the possible waiver will not cause the Award to fail to qualify
as performance-based compensation for purposes of Section 162(m). All provisions of such Awards which are intended to qualify as performance-based compensation shall be construed in a manner to so comply. 

 

	14.	Change in Control Provisions. 

  

	 	(a)	Unless otherwise provided by the Committee or in the applicable Award Agreement, and subject to Section 3(b), in the event of a Change in Control: 

 

	 	(i)	With respect to each outstanding Award that is assumed or substituted in connection with a Change in Control, in the event of a Qualifying Termination of a Participant’s employment or service during the 24-month period following such Change of Control, (i) such Award shall become fully vested and exercisable, (ii) the restrictions, payment conditions, and forfeiture conditions applicable to any such Award
granted shall lapse, and (iii) and any performance conditions imposed with respect to such Award shall be deemed to be achieved at target performance levels. 

 

	 	(ii)	With respect to each outstanding Award that is not assumed or substituted in connection with a Change in Control, immediately upon the occurrence of the Change of Control, (i) such Award shall become fully vested
and exercisable, (ii) the restrictions, payment conditions, and forfeiture conditions applicable to any such Award granted shall lapse, and (iii) and any performance conditions imposed with respect to such Award shall be deemed to be
achieved at target performance levels. 

  

	 	(iii)	For purposes of this Section 14, an Award shall be considered assumed or substituted for if, following the Change in Control, (A) the Award is of comparable value and remains subject to the same terms and
conditions that were applicable to the Award immediately prior to the Change in Control except that, if the Award related to shares of Common Stock, the Award instead confers the right to receive common stock of the acquiring or ultimate parent
entity and (B) the securities of the acquiring or ultimate parent entity underlying the Award after such assumption or substitution are freely tradable on a domestic stock exchange or the NASDAQ. 

 

	 	(iv)	 Notwithstanding any other provision of the Plan, in the event of a Change in Control, except as would otherwise
result in adverse tax consequences under Section 409A of the Code, the Committee may, in its discretion, provide that each Award shall, immediately upon the occurrence of a Change in Control, be cancelled in exchange for a payment in cash or
securities in an amount equal to (i) the excess of the consideration paid per share of Common Stock in the Change in Control over the exercise or purchase price (if any) per share of Company Stock subject to the Award multiplied by
(ii) the number of shares of Company Stock granted under 

  
 16 

	 	
the Award. If the amount determined pursuant to the immediately preceding sentence is zero, such Award may be cancelled pursuant to this Section 14(a) without payment of any consideration to
the affected Participant. The Committee shall not be required to treat all Awards similarly for purposes of this Section 14(a). Payment of amounts under this Section 14(a) shall be made in such form, on such terms and subject to such
conditions as the Committee determines in its discretion, which may or may not be the same as the form, terms and conditions applicable to payments to the Company’s stockholders in connection with the Change in Control and may, in the
Committee’s discretion, include subjecting such payments to vesting conditions comparable to the Awards surrendered, subjecting such payments to escrow or holdback provisions comparable to those imposed upon the Company’s stockholders in
connection with the Change in Control, or calculating and paying the present value of payments that would otherwise be subject to escrow or holdback terms. 

  

	 	(b)	Notwithstanding the foregoing, for each Award that constitutes nonqualified deferred compensation under Section 409A of the Code, if required to avoid accelerated taxation and/or tax penalties under
Section 409A of the Code, a Change in Control shall be deemed to have occurred for purposes of the payment or settlement of such Award under the Plan only if a “change in the ownership of the corporation,” a “change in effective
control of the corporation” or a “change in the ownership of a substantial portion of the assets of the corporation,” within the meaning of Section 409A(a)(2)(A)(v) of the Code shall also be deemed to have occurred under
Section 409A of the Code. 

  

	 	(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. 

  

	 	(d)	A “Change in Control” of the Company shall be deemed to have occurred, as the result of a single transaction or a series of transactions, if the events set forth in any one of the following paragraphs shall
have occurred: 

  

	 	(i)	Any Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company’s then outstanding voting securities;

  

	 	(ii)	Incumbent Directors cease at any time and for any reason to constitute a majority of the number of directors then serving on the Board. “Incumbent Directors” shall mean directors who either are directors of
the Company as of the Merger Date or are elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination but shall not include an individual
whose election or nomination is in connection with an actual or threatened election contest, including but not limited to a consent solicitation, relating to the election of directors to the Board; 

  
 17 

	 	(iii)	There is consummated a merger or consolidation of the Company or any direct or indirect subsidiary of the Company with any other corporation, other than (A) a merger or consolidation which would result in the
voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent, either by remaining outstanding or by being converted into voting securities of the surviving entity or any parent thereof, more
than 50% of the combined voting power of the securities of the Company or such surviving entity or any parent thereof outstanding immediately alter such merger or consolidation, or (B) a merger or consolidation effected to implement a
recapitalization of the Company or similar transaction in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 35% or more of the combined voting power of the Company’s then
outstanding voting securities; or 

  

	 	(iv)	The stockholders of the Company approve a plan of complete liquidation or dissolution of the Company or there is consummated of an agreement for the sale or disposition by the Company of all or substantially all of the
Company’s assets, other than a sale or disposition by the Company of all or substantially all of the Company’s assets to an entity, at least 60% of the combined voting power of the voting securities of which are owned by stockholders of
the Company in substantially the same proportions as their ownership of the Company immediately prior to such sale. 

  

	 	(e)	“Affiliate” shall have the meaning set forth in Rule 12b-2 under Section 12 of the Exchange Act. 

 

	 	(f)	“Beneficial Owner” shall have the meaning set forth in Rule 13d-3 under the Exchange Act, except that a Person shall not be deemed to be the Beneficial Owner of any
securities which are properly filed on a Form 13G. 

  

	 	(g)	“Exchange Act” shall mean the Securities Exchange Act of 1934. as amended from time to time. 

  

	 	(h)	“Person” shall have the meaning given in Section 3a9 of the Exchange Act as modified and used in Sections 13d and 14d thereof, except, that such term shall not include (i) the Company or any of its
subsidiaries, (ii) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its subsidiaries, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, or
(iv) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of the stock of the Company. 

  
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	15.	Rights as a Stockholder. 

 No person shall have any rights as a stockholder with respect
to any shares of Company Stock covered by or relating to any Award until the date of record issuance of such shares of Company Stock in the books of the Company or the issuance of a stock certificate with respect to such shares. Except for
adjustments provided in Section 3(b), no adjustment to any Award shall be made for dividends or other rights for which the record date occurs prior to the date such book entry is made or stock certificate is issued. 

 

	16.	No Employment Rights; No Right to Award. 

 Nothing contained in the Plan or any Agreement
shall confer upon any Participant any right with respect to the continuation of employment by or provision of services to the Company and its Affiliates or interfere in any way with the right of the Company or an Affiliate, subject to the terms of
any separate agreement to the contrary, at any time to terminate such employment or service or to increase or decrease the compensation of the Participant. No person shall have any claim or right to receive an Award hereunder. The Committee’s
granting of an Award to a Participant at any time shall neither require the Committee to grant any other Award to such Participant or other person at any time nor preclude the Committee from making subsequent grants to such Participant or any other
person. 
  

	17.	Securities Matters and Regulations. 

  

	 	(a)	Notwithstanding anything herein to the contrary, the obligation of the Company to sell or deliver Company Stock with respect to any Award granted under the Plan shall be subject to all applicable laws, rules and
regulations, including all applicable federal and state securities laws, and the obtaining of all such approvals by governmental agencies as may be deemed necessary or appropriate by the Committee. The Committee may require, as a condition of the
issuance and delivery of certificates evidencing shares of Company Stock pursuant to the terms hereof, that the recipient of such shares make such agreements and representations, and that such certificates bear such legends, as the Committee, in its
sole discretion, deems necessary or advisable. 

  

	 	(b)	Each Award is subject to the requirement that, if at any time the Committee determines, in its absolute discretion, that the listing, registration or qualification of Company Stock issuable pursuant to the Plan is
required by any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the grant of an Award or the issuance of
Company Stock, no such Award shall be granted or payment made or Company Stock issued, in whole or in part, unless listing, registration, qualification, consent or approval has been effected or obtained free of any conditions not acceptable to the
Committee. 

  

	 	(c)	 In the event that the disposition of Company Stock acquired pursuant to the Plan is not covered by a then current
registration statement under the Securities Act and is not otherwise exempt from such registration, such Company Stock shall be 

  
 19 

	 	
restricted against transfer to the extent required by the Securities Act or regulations thereunder, and the Committee may require a Participant receiving Company Stock pursuant to the Plan, as a
condition precedent to receipt of such Company Stock, to represent to the Company in writing that the Company Stock acquired by such Participant is acquired for investment only and not with a view to distribution. 

 

	18.	Withholding Taxes. 

 Whenever cash is to be paid pursuant to an Award, the Company or an
Affiliate shall have the right to deduct therefrom an amount sufficient to satisfy any federal, state and local withholding tax requirements related thereto. Whenever shares of Company Stock are to be delivered pursuant to an Award, the Company
shall have the right to require the Participant to remit to the Company in cash an amount sufficient to satisfy any federal, state and local withholding tax requirements related thereto. With the approval of the Committee, a Participant may satisfy
the foregoing requirement by electing to have the Company withhold from delivery shares of Company Stock having a value equal to the minimum amount of tax required to be withheld. Such shares shall be valued at their Fair Market Value on the date of
which the amount of tax to be withheld is determined. Fractional share amounts shall be settled in cash. Such a withholding election may be made with respect to all or any portion of the shares to be delivered pursuant to an Award. 

 

	19.	Notification of Election Under Section 83(b) of the Code. 

 If any
Participant shall, in connection with the acquisition of shares of Company Stock under the Plan, make the election permitted under Section 83(b) of the Code, such Participant shall notify the Company of such election within 10 days of filing
notice of the election with the Internal Revenue Service. 
  

	20.	Notification Upon Disqualifying Disposition Under Section 421(b) of the Code. 

Each Agreement with respect to an Incentive Stock Option shall require the Participant to notify the Company of any disposition of shares of
Company Stock issued pursuant to the exercise of such Option under the circumstances described in Section 421(b) of the Code (relating to certain disqualifying dispositions), within 10 days of such disposition. 

 

	21.	Amendment or Termination of the Plan. 

 The Board of Directors may, at any time, suspend
or terminate the Plan or revise or amend it in any respect whatsoever; provided, however, that stockholder approval shall be required for any such amendment if and to the extent such approval is required in order to comply with applicable law or
stock exchange listing requirement. Nothing herein shall restrict the Committee’s ability to exercise its discretionary authority pursuant to Sections 3 and 4, which discretion may be exercised without amendment to the Plan. No action hereunder
may, without the consent of a Participant, reduce the Participant’s rights under any outstanding Award. 

  
 20 

	22.	Transfers Upon Death. 

 Upon the death of a Participant, outstanding Awards granted to
such Participant may be exercised only by the executor or administrator of the Participant’s estate or by a person who shall have acquired the right to such exercise by will or by the laws of descent and distribution. No transfer of an Award by
will or the laws of descent and distribution shall be effective to bind the Company unless the Committee shall have been furnished with (a) written notice thereof and with a copy of the will and/or such evidence as the Committee may deem
necessary to establish the validity of the transfer and (b) an agreement by the transferee to comply with all the terms and conditions of the Award that are or would have been applicable to the Participant and to be bound by the acknowledgments
made by the Participant in connection with the grant of the Award. 
  

	23.	Expenses and Receipts. 

 The expenses of the Plan shall be paid by the Company. Any
proceeds received by the Company in connection with any Award may be used for general corporate purposes. 
  

	24.	Effective Date and Term of Plan. 

 The Plan became effective upon the approval of the
stockholders of Rite Aid Corporation on June 19, 2014. Unless earlier terminated by the Board of Directors, the right to grant Awards under the Plan shall terminate on the tenth anniversary of the Effective Date. Awards outstanding at Plan
termination shall remain in effect according to their terms and the provisions of the Plan. Notwithstanding anything herein to the contrary, no Awards shall be made under the Plan following the Merger Date. 

 

	25.	Participant Rights. 

 No Participant shall have any claim to be granted any award under
the Plan, and there is no obligation for uniformity of treatment for Participants. 
  

	26.	Unfunded Status of Awards. 

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

	27.	No Fractional Shares. 

 No fractional shares of Company Stock shall be issued or
delivered pursuant to the Plan. The Committee shall determine whether cash, other Awards, or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares or any rights thereto shall be forfeited or
otherwise eliminated. 

  
 21 

	28.	Beneficiary. 

 A Participant may file with the Committee a written designation of a
beneficiary on such form as may be prescribed by the Committee and may, from time to time, amend or revoke such designation. If no designated beneficiary survives the Participant, the executor or administrator of the Participant’s estate shall
be deemed to be the Participant’s beneficiary. 
  

	29.	Paperless Administration. 

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

	30.	Severability. 

 If any provision of the Plan is held to be invalid or unenforceable, the
other provisions of the Plan shall not be affected but shall be applied as if the invalid or unenforceable provision had not been included in the Plan. 
  

	31.	Applicable Law. 

 Except to the extent preempted by any applicable federal law, the Plan
shall be construed and administered in accordance with the laws of the State of Delaware without reference to its principles of conflicts of law. 
  

	32.	Section 409A Compliance. 

 The Plan as well as payments and benefits
under the Plan are intended to comply with Section 409A of the Code to the extent subject thereto, and, accordingly, to the maximum extent permitted, the Plan shall be interpreted and be administered to be in compliance therewith.
Notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, the Participant shall not be considered to have terminated employment
with the Company for purposes of the Plan and no payment shall be due to the Participant under the Plan or any Award until the Participant would be considered to have incurred a “separation from service” from the Company within the meaning
of Section 409A of the Code. Any payments described in the Plan that are due within the “short term deferral period” as defined in Section 409A of the Code shall not be treated as deferred compensation unless applicable law
requires otherwise. Notwithstanding anything to the contrary in the Plan, to the extent that any Awards are payable upon a separation from service and such payment would result in the imposition of any individual tax and penalty interest charges
imposed under Section 409A of the Code, the settlement and payment of such awards shall instead be made on the first business day after the date that is six (6) months following such separation from service (or death, if earlier). 

  
 22 

	33.	Forfeiture and Compensation Recovery. 

  

	 	(a)	The Committee may specify in an Agreement that the Participant’s rights, payments and benefits with respect to an Award will be subject to reduction, cancellation or forfeiture or recovery by the Company upon the
occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of the Award. Such events may include termination of employment or service for Cause, violation of material Company policies, breach of
noncompetition or other restrictive covenants that apply to the Participant, a determination that the payment of the Award was based on an incorrect determination that financial or other criteria were met or other conduct by the Participant that is
detrimental to the business or reputation of the Company or its Affiliates. 

  

	 	(b)	Awards and any payments or compensation associated therewith may be made subject to forfeiture or recovery by the Company or other action pursuant to any compensation recovery policy adopted by the Board or the
Committee at any time, including in response to requirements of Section 10D of the Exchange Act and any implementing rules and regulations thereunder, or as otherwise required by law. Any Agreement may be unilaterally amended by the Committee
to comply with such compensation or recovery policy. 

*                *       
         * 

  
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