Document:

Exhibit 10.2

 

January 6, 2020

 

Amplitude Healthcare Acquisition Corporation

1177 Avenue of the Americas, Floor 40

New York, NY 10036

  

Re: Initial Public Offering

 

Gentlemen:

 

This letter (this “Letter Agreement”)
is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”)
entered into by and among Amplitude Healthcare Acquisition Corporation, a Delaware corporation (the “Company”),
BMO Capital Markets Corp. and SVB Leerink LLC, as the underwriters (each, an “Underwriter” and collectively,
the “Underwriters”), relating to an underwritten initial public offering (the “Public Offering”),
of up to 11,500,000 of the Company’s units (including up to 1,500,000 units that may be purchased to cover over-allotments,
if any) (the “Units”), each comprised of one share of the Company’s Class A common stock,
par value $0.0001 per share (the “Common Stock”), and one-half of one redeemable warrant. Each whole
Warrant (each, a “Warrant”) entitles the holder thereof to purchase one share of Common Stock at a price
of $11.50 per share, subject to adjustment. The Units were sold in the Public Offering pursuant to a registration statement on
Form S-1 and prospectus (the “Prospectus”) filed by the Company with the Securities and Exchange
Commission (the “Commission”) and the Units have been approved to be listed on the Nasdaq Capital Market.
Certain capitalized terms used herein are defined in paragraph 9 hereof.

 

For good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the undersigned, who is a member of the management team (the “Insider”),
hereby agrees with the Company as follows:

 

1. The Insider agrees that if the Company
seeks stockholder approval of a proposed Business Combination, then in connection with such proposed Business Combination, he shall
(i) vote any shares of Capital Stock owned by him in favor of any proposed Business Combination and (ii) not redeem any
shares of Common Stock owned by him in connection with such stockholder approval. If the Company engages in a tender offer in connection
with any proposed Business Combination, each Insider agrees that he will not seek to sell his shares of Common Stock to the Company
in connection with such tender offer.

 

2. The Insider hereby agrees that in the
event that the Company fails to consummate a Business Combination within 24 months from the closing of the Public Offering or such
later period approved by the Company’s stockholders in accordance with the Company’s amended and restated certificate
of incorporation, the Insider shall take all reasonable steps to cause the Company to (i) cease all operations except for
the purpose of winding up, (ii) as promptly as reasonably possible but not more than 10 business days thereafter, subject
to lawfully available funds therefor, redeem 100% of the Common Stock sold as part of the Units in the Public Offering (the “Offering
Shares”), at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account,
including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its taxes (less
up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Offering Shares, which redemption
will completely extinguish all Public Stockholders’ rights as stockholders of the Company (including the right to receive
further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following
such redemption, subject to the approval of the Company’s remaining stockholders and the Company’s board of directors,
dissolve and liquidate, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors
and other requirements of applicable law. The Insider agree not to propose any amendment to the Company’s amended and restated
certificate of incorporation that would modify (i) the substance or timing of the Company’s obligation to redeem 100% of
the Offering Shares if the Company does not complete a Business Combination within 24 months from the closing of the Public Offering
or (ii) the other provisions relating to stockholders’ rights or pre-initial business combination activities, unless the
Company provides its Public Stockholders with the opportunity to redeem their Offering Shares upon approval of any such amendment
at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which
interest shall be net of amounts released for payment of taxes) divided by the number of then outstanding Offering Shares. The
Insider agree to waive its redemption rights with respect to shares of Capital Stock owned by it in connection with a stockholder
vote to approve an amendment to the Company’s amended and restated certificate of incorporation (A) to modify the substance
or timing of the Company’s obligation to redeem 100% of the Offering Shares if the Company does not complete a Business Combination
within 24 months from the closing of the Public Offering or (B) with respect to any other provision relating to stockholders’
rights or pre-initial business combination activity.

 

     

     

    

 

The Insider acknowledges that he has no
right, title, interest or claim of any kind in or to any monies held in the Trust Account or any other asset of the Company as
a result of any liquidation of the Company with respect to the Founder Shares held by him. The Insider hereby further waives, with
respect to any shares of Common Stock held by him, if any, any redemption rights he may have in connection with the consummation
of a Business Combination, including, without limitation, any such rights available in the context of a stockholder vote to approve
such Business Combination or in the context of a tender offer made by the Company to purchase shares of Common Stock (although
the Sponsor, the Insiders and their respective affiliates shall be entitled to redemption and liquidation rights with respect to
any Offering Shares it or they hold if the Company fails to consummate a Business Combination within 24 months from the date of
the closing of the Public Offering).

 

3. During the period commencing on the effective
date of the Underwriting Agreement and ending 180 days after such date, the Insider shall not, without the prior written consent
of the Underwriters, (i) offer, sell, pledge, contract to sell, sell any option or contract to purchase, purchase any option or
contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of (or enter into any transaction
which is designed to, or might reasonably be expected to, result in the disposition), directly or indirectly, including the filing
(or participation in the filing) with the Securities Exchange Commission of a registration statement under the Securities Act of
1933, as amended (the “Securities Act”) to register, any units, warrants, shares of common stock or any other securities
convertible into, or exercisable, or exchangeable for, shares of common stock of which such officer, director or holder is now,
or may in the future become, the beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act), (ii) enter into
any swap or other derivatives transaction that transfers to another, in whole or in part, directly or indirectly, any of the economic
benefits or risks of ownership of such units, warrants, shares of common stock or any other securities convertible into, or exercisable,
or exchangeable for, shares of common stock, whether any such transaction described in clause (1) or (2) above is to be settled
by delivery of any of the foregoing securities, in cash or otherwise, or (iii) publicly announce any intention to effect any
transaction specified in clause (i) or (ii). The Insider acknowledges and agrees that, prior to the effective date of any
release or waiver of the restrictions set forth in this paragraph 3 or paragraph 5 below, the Company shall announce the impending
release or waiver by press release through a major news service at least two business days before the effective date of the release
or waiver. Any release or waiver granted shall only be effective two business days after the publication date of such press release.
The Insider agrees to enter into a lock-up agreement in the form attached hereto as Exhibit A with the Underwriters.

 

4. (a) The Insider hereby agrees not become
an officer or director of, any other blank check company with a class of securities registered under the Securities Exchange Act
of 1934, as amended, unless the Company has failed to complete a Business Combination within 24 months after the closing of the
Public Offering. Such restriction does not preclude any position as an officer or director of another blank check company held
on the date hereof. For the avoidance of doubt, the Insider is allowed to become an officer or director of another blank check
company upon the Company entering into a definitive agreement with respect to a Business Combination.

 

(b) The Insider hereby agrees and acknowledges
that: (i) the Underwriters and the Company would be irreparably injured in the event of a breach by the Insider of his obligations
under paragraphs 1, 2, 3, 4(a), 5(a), 5(b), and 7 of this Letter Agreement (ii) monetary damages may not be an adequate remedy
for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy
that such party may have in law or in equity, in the event of such breach.

 

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5. (a) The Insider agrees that he shall
not Transfer any Founder Shares (or shares of Common Stock issuable upon conversion thereof) until the earlier of (A) 180 days
after the completion of the Company’s initial Business Combination or (B) subsequent to the Company’s initial Business
Combination, the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar
transaction that results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for
cash, securities or other property (the “Founder Shares Lock-up Period”).

 

(b) The Insider agrees that he shall not
Transfer any Private Placement Warrants (or shares of Common Stock issued or issuable upon the exercise of the Private Placement
Warrants) until 30 days after the completion of a Business Combination (the “Private Placement Warrants Lock-up Period”,
together with the Founder Shares Lock-up Period, the “Lock-up Periods”).

 

(c) Notwithstanding the provisions set forth
in paragraphs 5(a) and (b), Transfers of the Founder Shares, Private Placement Warrants and shares of Common Stock issued
or issuable upon the exercise or conversion of the Private Placement Warrants or the Founder Shares and that are held by the Sponsor,
the Insider or any of his permitted transferees (that have complied with this paragraph 5(c)), are permitted (a) to the Company’s
officers or directors, any affiliates or family members of any of the Company’s officers or directors, any affiliates of
the Sponsor, any members of the Sponsor, or any of its affiliates, officers, directors, direct and indirect equityholders; (b) in
the case of an individual, by gift to a member of the individual’s immediate family, to a trust, the beneficiary of which
is a member of the individual’s immediate family or an affiliate of such person, or to a charitable organization; (c) in
the case of an individual, transfers by virtue of laws of descent and distribution upon death of the individual; (d) in the
case of an individual, transfers pursuant to a qualified domestic relations order; (e) transfers by private sales or transfers
made in connection with the consummation of a Business Combination at prices no greater than the price at which the securities
were originally purchased; and (f) transfers in the event of the Company’s liquidation prior to the completion of an
initial Business Combination; provided, however, that in the case of clauses (a) through (e), these permitted transferees
must enter into a written agreement agreeing to be bound by the restrictions herein.

 

6. The Insider represents and warrants that
he has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities
or commodities license or registration denied, suspended or revoked. The Insider’s biographical information furnished to
the Company (including any such information included in the Prospectus) is true and accurate in all respects and does not omit
any material information with respect to the Insider’s background. The Insider’s questionnaire furnished to the Company
is true and accurate in all respects. The Insider represents and warrants that: he is not subject to or a respondent in any legal
action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating
to the offering of securities in any jurisdiction; he has never been convicted of, or pleaded guilty to, any crime (i) involving
fraud, (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any
dealings in any securities and he is not currently a defendant in any such criminal proceeding.

 

7. (a) Except as disclosed in the Prospectus
and cash or other compensation to the Company’s officers or advisors to be engaged subsequent to the consummation of the
Public Offering (which will be disclosed in the Company’s other filings with the Securities and Exchange Commission), neither
the Sponsor nor any individual who is an officer, director or advisor of the Company as of the date hereof nor any affiliate thereof
shall receive from the Company any finder’s fee, reimbursement, consulting fee, monies in respect of any repayment of a loan
or other compensation prior to, or in connection with any services rendered in order to effectuate the consummation of the Company’s
initial Business Combination (regardless of the type of transaction that it is), other than the following, none of which will be
made from the proceeds held in the Trust Account prior to the completion of the initial Business Combination: repayment of a loan
and advances up to an aggregate of $300,000 made to the Company by the Sponsor; reimbursement for any out-of-pocket expenses related
to identifying, investigating and consummating an initial Business Combination; and repayment of loans, if any, and on such terms
as to be determined by the Company from time to time, made by the Sponsor or any of the Company’s officers or directors to
finance transaction costs in connection with an intended initial Business Combination, provided, that, if the Company
does not consummate an initial Business Combination, a portion of the working capital held outside the Trust Account may be used
by the Company to repay such loaned amounts so long as no proceeds from the Trust Account are used for such repayment. Up to $1,500,000
of such loans may be convertible into warrants at a price of $1.00 per warrant at the option of the lender. Such warrants would
be identical to the Private Placement Warrants, including as to exercise price, exercisability and exercise period.

 

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8. The Insider has full right and power,
without violating any agreement to which he is bound (including, without limitation, any non-competition or non-solicitation agreement
with any employer or former employer), to enter into this Letter Agreement and, as applicable, to serve as an officer of the Company
and hereby consents to being named in the Company’s filings with the SEC as an officer of the Company.

 

9. As used herein, (i) “Business
Combination” shall mean a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar
business combination, involving the Company and one or more businesses; (ii) “Capital Stock” shall
mean, collectively, the Common Stock and the Founder Shares; (iii) “Founder Shares” shall mean the
2,875,000 shares of the Company’s Class B common stock, par value $0.0001 per share, held by the Sponsor (up to 375,000
Shares of which are subject to complete or partial forfeiture by the Sponsor if the over-allotment option is not exercised in full
by the Underwriters); (iv) “Initial Stockholders” shall mean the Sponsor and any other holder of
Founder Shares immediately prior to the Public Offering; (v) “Private Placement Warrants” shall
mean the warrants to purchase up to 4,000,000 shares of Common Stock of the Company (or 4,300,000 shares of Common Stock if the
over-allotment option is exercised in full) that the Sponsor have agreed to purchase for an aggregate purchase price of $4,000,000
in the aggregate (or $4,300,000 if the over-allotment option is exercised in full), or $1.00 per warrant, in a private placement
that shall occur simultaneously with the consummation of the Public Offering; (vi) “Public Stockholders”
shall mean the holders of securities issued in the Public Offering; (vii) “Trust Account” shall
mean the trust fund into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants
shall be deposited; (viii) “Transfer” shall mean the (a) sale or assignment of, offer to sell,
contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose
of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease
of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the
rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap
or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security,
whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement
of any intention to effect any transaction specified in clause (a) or (b).

 

10. This Letter Agreement may not be changed,
amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument
executed by all parties hereto.

 

11. No party hereto may assign either this
Letter Agreement or any of its rights, interests, or obligations hereunder without the prior written consent of the other parties.
Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign
any interest or title to the purported assignee. This Letter Agreement shall be binding on the Sponsor and each Insider and their
respective successors, heirs and assigns and permitted transferees.

 

12. Nothing in this Letter Agreement shall
be construed to confer upon, or give to, any person or corporation other than the parties hereto any right, remedy or claim under
or by reason of this Letter Agreement or of any covenant, condition, stipulation, promise or agreement hereof. All covenants, conditions,
stipulations, promises and agreements contained in this Letter Agreement shall be for the sole and exclusive benefit of the parties
hereto and their successors, heirs, personal representatives and assigns and permitted transferees.

 

13. This Letter Agreement may be executed
in any number of original or facsimile counterparts and each of such counterparts shall for all purposes be deemed to be an original,
and all such counterparts shall together constitute but one and the same instrument.

 

14. This Letter Agreement shall be deemed
severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability
of this Letter Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term
or provision, the parties hereto intend that there shall be added as a part of this Letter Agreement a provision as similar in
terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

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15. This Letter Agreement shall be governed
by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles
that would result in the application of the substantive laws of another jurisdiction. The parties hereto (i) all agree that any
action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement shall be brought and enforced
in the courts of New York City, in the State of New York, and irrevocably submit to such jurisdiction and venue, which jurisdiction
and venue shall be exclusive and (ii) waive any objection to such exclusive jurisdiction and venue or that such courts represent
an inconvenient forum.

 

16. Any notice, consent or request to be
given in connection with any of the terms or provisions of this Letter Agreement shall be in writing and shall be sent by express
mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or facsimile transmission.

 

18.
This Letter Agreement shall terminate on the earlier of (i) the expiration of the Lock-up Periods or (ii) the liquidation of the
Company.

 

	 	
        

        Sincerely,

	 	 
	 	By:	/s/ Vishal Kapoor
	 	Name: 	Vishal Kapoor 

 

Acknowledged and Agreed:

 

Amplitude Healthcare Acquisition Corporation

 

	By:	/s/
    Bala Venkataraman	 
	Name: 	Bala Venkataraman	 
	Title:	Chief Executive Officer	 

      

[Signature Page to Letter Agreement]

 

 

5Reed’s
Inc.

 

Second
Amended and Restated 2017 Incentive Compensation Plan

 

1.
Purpose of the Plan

 

This
Plan is intended to promote the interests of the Company (as defined below) and its shareholders by providing employees, non-employee
directors, consultants, and other selected service providers of the Company, who are largely responsible for the management, growth,
and protection of the business of the Company, with incentives and rewards to encourage them to continue in the service of the
Company.

 

2.
Definitions

 

As
used in the Plan or in any instrument governing the terms of any award granted under the Plan, the following definitions apply
to the terms indicated below:

 

(a)
“Award Agreement” means a written agreement, in a form determined by the Committee from time to time, entered into
by each Participant and the Company, evidencing the grant of a Stock Incentive Award under the Plan.

 

(b)
“Board of Directors” means the Board of Directors of Reed’s Inc., a Delaware corporation.

 

(c)
“Change-in-Control”: “Change-in-Control” means (i) any one person, or more than one person acting as a
group (as defined under Treasury Regulation § 1.409A-3(i)(5)(v)(B)) other than the Company or any employee benefit plan sponsored
by the Company acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes
more than fifty percent of the total fair market value or total Voting Power of the stock of the Company; or (ii) any one person,
or more than one person acting as a group (as defined under Treasury Regulation § 1.409A-3(i)(5)(v)(B)) other than the Company
or any employee benefit plan sponsored by the Company acquires (or has acquired during the twelve-month period ending on the date
of the most recent acquisition by such person or persons) ownership of stock of the Company possessing thirty percent or more
of the total Voting Power of the stock of the Company; or (iii) a majority of members of the Board of Directors is replaced during
any twelve-month period by directors whose appointment or election is not endorsed by a majority of the members of the Board of
Directors before the date of each appointment or election; or (iv) any one person, or more than one person acting as a group (as
defined in Treasury Regulation § 1.409A-3(i)(5)(v)(B)) acquires (or has acquired during the twelve-month period ending on
the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market
value equal to or more than forty percent of the total gross fair market value of all of the assets of the Company immediately
before such acquisition or acquisitions. For purposes of subsection (iv), gross fair market value means the value of the assets
of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such
assets. The foregoing subsections (i) through (iv) shall be interpreted in a manner that is consistent with the Treasury Regulations
promulgated pursuant to section 409A of the Code so that all, and only, such transactions or events that could qualify as a “change-in-control
event” within the meaning of Treasury Regulation §1.409A-3(i)(5)(i) will be deemed to be a Change-in-Control for purposes
of this Plan.

 

(d)
“Code” means the Internal Revenue Code of 1986, as amended from time to time, and all regulations, interpretations,
and administrative guidance issued thereunder.

 

(e)
“Committee” means the Compensation Committee of the Board of Directors, a sub-committee of the Compensation Committee,
or such other committee as the Board of Directors shall appoint from time to time to administer the Plan and to otherwise exercise
and perform the authority and functions assigned to the Committee under the terms of the Plan.

 

(f)
“Common Stock” means the Company’s common stock, $0.0001 par value per share, or any other security into which
the common stock shall be changed pursuant to the adjustment provisions of Section 9 of the Plan.

 

(g)
“Company” means Reed’s Inc., a Delaware corporation, and all of its Subsidiaries, collectively.

 

    	 	 	 

    	 

    

 

(h)
“Covered Employee” means each Participant who is described in section 162(m)(3) of the Code with respect to the Company.

 

(i)
“Deferred Compensation Plan” means any plan, agreement, or arrangement maintained by the Company from time to time
that provides opportunities for deferral of compensation.

 

(j)
“Effective Date” means the date the Plan is approved by shareholders of the Company.

 

(k)
“Employment” means the period during which an individual is classified or treated by the Company as an employee, non-employee
director, consultant, or other service provider of the Company, as applicable.

 

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

 

(m)
“Fair Market Value” means, with respect to a share of Common Stock, as of the applicable date of determination or
if the market is not open for trading on such date, the immediately preceding day on which the market is open for trading, the
closing price as reported on the date of determination on the principal securities exchange on which shares of Common Stock are
then listed or admitted to trading (or if shares of Common Stock are then principally traded on a national securities exchange,
in the reported “composite transactions” for such exchange). In the event that the price of a share of Common Stock
shall not be so reported, the Fair Market Value of a share of Common Stock shall be determined by the Committee in its sole discretion.
“Fair Market Value” of an Option or Other Stock Based Award is as determined by the Committee pursuant to generally
accepted accounting principles.

 

(n)
“Option” means a stock option to purchase shares of Common Stock granted to a Participant pursuant to Section 6.

 

(o)
“Other Stock-Based Award” means an award granted to a Participant pursuant to Section 7.

 

(p)
“Participant” means an employee, consultant or director of the Company who is eligible to participate in the Plan
and to whom one or more Stock Incentive Awards have been granted pursuant to the Plan and have not been fully settled or cancelled
and, following the death of any such Person, his successors, heirs, executors, and administrators, as the case may be.

 

(q)
“Performance-Based Compensation” means compensation payable pursuant to a written binding contract which was in effect
on November 2, 2017 and which satisfies the requirements of section 162(m) of the Code (as in effect prior to the Tax Cuts and
Jobs Act) for “qualified performance-based compensation.”

 

(r)
“Person” means a “person” as such term is used in section 13(d) and 14(d) of the Exchange Act, including
any “group” within the meaning of section 13(d)(3) under the Exchange Act.

 

(s)
“Plan” means the Reed’s Inc. Amended and Restated 2017 Incentive Compensation Plan, as it may be amended from
time to time.

 

(t)
“Securities Act” means the Securities Act of 1933, as amended.

 

(u)
“Stock Incentive Award” means an Option or Other Stock-Based Award granted pursuant to the terms of the Plan.

 

(v)
“Subsidiary” means any “subsidiary” within the meaning of Rule 405 under the Securities Act.

 

(w)
“Target Award” means target payout amount for a Stock Incentive Award.

 

(x)
“Tax Cuts and Jobs Act” means the Tax Cuts and Jobs Act (Public Law 115-67).

 

    	 	 	 

    	 

    

 

(y)
“Voting Power” means the number of votes available to be cast (determined by reference to the maximum number of votes
entitled to be cast by the holders of Voting Securities, or by the holders of any Voting Securities for which other Voting Securities
may be convertible, exercisable, or exchangeable, upon any matter submitted to shareholders where the holders of all Voting Securities
vote together as a single class) by the holders of Voting Securities.

 

(z)
“Voting Securities” means any securities or other ownership interests of an entity entitled, or which may be entitled,
to matters submitted to Persons holding such securities or other ownership interests in such entity generally (whether or not
entitled to vote in the general election of directors), or securities or other ownership interests which are convertible into,
or exercisable in exchange for, such Voting Securities, whether or not subject to the passage of time or any contingency.

 

(aa)
“Reed’s” means Reed’s, Inc., a Delaware corporation (and any successor thereto).

 

3.
Stock Subject to the Plan

 

(a)
Stock Subject to the Plan

 

The
maximum number of shares of Common Stock that may be covered by Stock Incentive Awards granted under the Plan shall not exceed
7,500,000 shares of Common Stock in the aggregate. Out of such aggregate, the maximum number of shares of Common Stock that may
be covered by Options that are designated as “incentive stock options” within the meaning of section 422 of the Code
shall not exceed 7,500,000 shares of Common Stock. The maximum number of shares referred to in the preceding sentences of this
Section 3(a) shall in each case be subject to adjustment as provided in Section 9 and the following provisions of this Section
3. Of the shares described, one hundred percent may be delivered in connection with “full-value Awards,” meaning Stock
Incentive Awards other than Options or stock appreciation rights; provided, however, that any shares granted under Options or
stock appreciation rights shall be counted against the share limit on a one-for-one basis and any shares granted as full-value
Stock Incentive Awards shall be counted against the share limit as one share for every one share subject to such Stock Incentive
Award. Shares of Common Stock issued under the Plan may be authorized and unissued shares, treasury shares, shares purchased by
the Company in the open market, or any combination of the preceding categories as the Committee determines in its sole discretion.

 

For
purposes of the preceding paragraph, shares of Common Stock covered by Stock Incentive Awards shall only be counted as used to
the extent they are actually issued and delivered to a Participant (or such Participant’s permitted transferees as described
in the Plan) pursuant to the Plan; provided, however, that if a Stock Incentive Award is settled for cash or if shares of Common
Stock are withheld to pay the exercise price of an Option or to satisfy any tax withholding requirement in connection with a Stock
Incentive Award, the shares issued (if any) in connection with such settlement, the shares in respect of which the Stock Incentive
Award was cash-settled, and the shares withheld, will be deemed delivered for purposes of determining the number of shares of
Common Stock that are available for delivery under the Plan. In addition, if shares of Common Stock are issued subject to conditions
which may result in the forfeiture, cancellation, or return of such shares to the Company, any portion of the shares forfeited,
cancelled or returned shall be treated as not issued pursuant to the Plan. In addition, if shares of Common Stock owned by a Participant
(or such Participant’s permitted transferees as described in the Plan) are tendered (either actually or through attestation)
to the Company in payment of any obligation in connection with a Stock Incentive Award, the number of shares tendered shall be
added to the number of shares of Common Stock that are available for delivery under the Plan.

 

Shares
of Common Stock covered by Stock Incentive Awards granted pursuant to the Plan in connection with the assumption, replacement,
conversion, or adjustment of outstanding equity-based awards in the context of a corporate acquisition or merger (within the meaning
of section 303A.08 of the NYSE Listed Company Manual) shall not count as used under the Plan for purposes of this Section 3.

 

(b)
Individual Award Limits

 

Subject
to adjustment as provided in Section 9, the Fair Market Value of Stock Incentive Awards issued under the Plan to any Covered Employee
in any calendar year shall not exceed $1,000,000.

 

    	 	 	 

    	 

    

 

4.
Administration of the Plan

 

The
Plan shall be administered by a Committee consisting of two or more persons, each of whom qualifies as a “non-employee director”
(within the meaning of Rule 16b-3 promulgated under section 16 of the Exchange Act), an “outside director” within
the meaning of Treasury Regulation section 1.162-27(e)(3) and as “independent” as required by NYSE or any security
exchange on which the Common Stock is listed, in each case if and to the extent required by applicable law or necessary to meet
the requirements of such rule, section or listing requirement at the time of determination. The Committee shall, consistent with
the terms of the Plan, from time to time designate those individuals who shall be granted Stock Incentive Awards under the Plan
and the amount, type, and other terms and conditions of such Stock Incentive Awards. All of the powers and responsibilities of
the Committee under the Plan may be delegated by the Committee, in writing, to any subcommittee thereof, in which case the acts
of such subcommittee shall be deemed to be acts of the Committee hereunder. The Committee may also from time to time authorize
a subcommittee consisting of one or more members of the Board of Directors (including members who are employees of the Company)
or employees of the Company to grant Stock Incentive Awards to persons who are not “executive officers” of the Company
(within the meaning of Rule 16a-1 under the Exchange Act), subject to such restrictions and limitations as the Committee may specify
and to the requirements of section 157 of the Delaware General Corporation Law.

 

The
Committee shall have full discretionary authority to administer the Plan, including discretionary authority to interpret and construe
any and all provisions of the Plan and any Award Agreement thereunder, and to adopt, amend, and rescind from time to time such
rules and regulations for the administration of the Plan, including rules and regulations related to sub-plans established for
the purpose of satisfying applicable foreign laws and/or qualifying for preferred tax treatment under applicable foreign tax laws,
as the Committee may deem necessary or appropriate. Decisions of the Committee shall be final, binding, and conclusive on all
parties. For the avoidance of doubt, the Committee may exercise all discretion granted to it under the Plan in a non-uniform manner
among Participants.

 

The
Committee may delegate the administration of the Plan to one or more officers or employees of the Company, and such administrator(s)
may have the authority to execute and distribute Award Agreements, to maintain records relating to Stock Incentive Awards, to
process or oversee the issuance of Common Stock under Stock Incentive Awards, to interpret and administer the terms of Stock Incentive
Awards, and to take such other actions as may be necessary or appropriate for the administration of the Plan and of Stock Incentive
Awards under the Plan, provided that in no case shall any such administrator be authorized (i) to grant Stock Incentive Awards
under the Plan (except in connection with any delegation made by the Committee pursuant to the first paragraph of this Section
4), (ii) to take any action inconsistent with section 409A of the Code, or (iii) to take any action inconsistent with applicable
provisions of the Delaware General Corporation Law. Any action by any such administrator within the scope of its delegation shall
be deemed for all purposes to have been taken by the Committee and, except as otherwise specifically provided, references in this
Plan to the Committee shall include any such administrator. The Committee and, to the extent it so provides, any subcommittee,
shall have sole authority to determine whether to review any actions and/or interpretations of any such administrator, and if
the Committee shall decide to conduct such a review, any such actions and/or interpretations of any such administrator shall be
subject to approval, disapproval, or modification by the Committee.

 

On
or after the date of grant of a Stock Incentive Award under the Plan, the Committee may (i) accelerate the date on which any such
Stock Incentive Award becomes vested, exercisable, or transferable, as the case may be, (ii) extend the term of any such Stock
Incentive Award, including, without limitation, extending the period following a termination of a Participant’s Employment
during which any such Stock Incentive Award may remain outstanding, (iii) waive any conditions to the vesting, exercisability,
or transferability, as the case may be, of any such Stock Incentive Award or (iv) provide for the payment of dividends or dividend
equivalents with respect to any such Stock Incentive Award; provided, that the Committee shall not have any such authority
to the extent that the grant of such authority would cause any tax to become due under section 409A of the Code. Notwithstanding
anything herein to the contrary, the Company shall not reprice any stock option (within the meaning of Section 711 of the NYSE
American Company Guide and any other formal or informal guidance issued by the NYSE) without the approval of the shareholders
of the Company.

 

    	 	 	 

    	 

    

 

No
member of the Committee shall be liable for any action, omission, or determination relating to the Plan, and the Company shall
indemnify and hold harmless each member of the Committee and each other director or employee of the Company to whom any duty or
power relating to the administration or interpretation of the Plan has been delegated, against any cost or expense (including
counsel fees) or liability (including any sum paid in settlement of a claim with the approval of the Committee) arising out of
any action, omission, or determination relating to the Plan, unless, in either case, such action, omission, or determination was
taken or made by such member, director, or employee in bad faith and without reasonable belief that it was in the best interests
of the Company.

 

5.
Eligibility

 

The
Persons who shall be eligible to receive Stock Incentive Awards pursuant to the Plan shall be those employees, non-employee directors,
consultants, and other selected service providers of the Company whom the Committee shall select from time to time, including
officers of the Company, whether or not they are directors. Each Stock Incentive Award granted under the Plan shall be evidenced
by an Award Agreement.

 

6.
Options

 

The
Committee may from time to time grant Options on such terms as it shall determine, subject to the terms and conditions set forth
in the Plan. The Award Agreement shall clearly identify such Option as either an “incentive stock option” within the
meaning of section 422 of the Code or as a non-qualified stock option.

 

(a)
Exercise Price

 

The
exercise price per share of Common Stock covered by any Option shall be not less than one hundred percent of the Fair Market Value
of a share of Common Stock on the date on which such Option is granted, other than assumptions in accordance with a corporate
acquisition or merger as described in Section 3.

 

(b)
Term and Exercise of Options

 

(1)
Each Option shall become vested and exercisable on such date or dates, during such period and for such number of shares of Common
Stock as shall be determined by the Committee on or after the date such Option is granted; provided, however that
no Option shall be exercisable after the expiration of ten years from the date such Option is granted; and, provided, further,
that each Option shall be subject to earlier termination, expiration, or cancellation as provided in the Plan or the Award Agreement.

 

(2)
Each Option shall be exercisable in whole or in part; provided, however that no partial exercise of an Option shall
be for an aggregate exercise price of less than $1,000 (unless waived by the Committee). The partial exercise of an Option shall
not cause the expiration, termination, or cancellation of the remaining portion thereof.

 

(3)
An Option shall be exercised by such methods and procedures as the Committee determines from time to time, including without limitation
through net physical settlement or other method of cashless exercise.

 

(c)
Special Rules for Incentive Stock Options

 

(1)
The aggregate Fair Market Value of shares of Common Stock with respect to which “incentive stock options” (within
the meaning of section 422 of the Code) 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 any of its “subsidiaries” (within the meaning of section 424
of the Code) shall not exceed $100,000. Such Fair Market Value shall be determined as of the date on which each such stock option
is granted. In the event that the aggregate Fair Market Value of shares of Common Stock with respect to such incentive stock options
exceeds $100,000, then incentive stock options granted hereunder to such Participant shall, to the extent and in the order required
by regulations promulgated under the Code (or any other authority having the force of regulations), automatically be deemed to
be non-qualified stock options, but all other terms and provisions of such stock options shall remain unchanged. In the absence
of such regulations (and authority), or in the event such regulations (or authority) require or permit a designation of the Options
which shall cease to constitute incentive stock options, incentive stock options granted hereunder shall, to the extent of such
excess and in the order in which they were granted, automatically be deemed to be non-qualified stock options, but all other terms
and provisions of such stock options shall remain unchanged.

 

    	 	 	 

    	 

    

 

(2)
Incentive stock options may only be granted to individuals who are employees of the Company. No incentive stock option may be
granted to an individual if, at the time of the proposed grant, such individual owns stock possessing more than ten percent of
the total combined Voting Power of all classes of stock of the Company or any of its “subsidiaries” (within the meaning
of section 424 of the Code), unless (i) the exercise price of such incentive stock option is at least 110 percent of the Fair
Market Value of a share of Common Stock at the time such incentive stock option is granted and (ii) such incentive stock option
is not exercisable after the expiration of five years from the date such incentive stock option is granted.

 

7.
Other Stock-Based Awards

 

The
Committee may from time to time grant equity-based or equity-related awards not otherwise described herein in such amounts and
on such terms as it shall determine, subject to the terms and conditions set forth in the Plan. Without limiting the generality
of the preceding sentence, each such Other Stock-Based Award may (i) involve the transfer of actual shares of Common Stock to
Participants, either at the time of grant or thereafter, or payment in cash or otherwise of amounts based on the value of shares
of Common Stock, (ii) be subject to performance-based and/or service-based conditions, (iii) be in the form of stock appreciation
rights, phantom stock, restricted stock, restricted stock units, performance shares, deferred share units, or share-denominated
performance units, and (iv) be designed to comply with applicable laws of jurisdictions other than the United States; provided,
that each Other Stock-Based Award shall be denominated in, or shall have a value determined by reference to, a number of shares
of Common Stock that is specified at the time of the grant of such Stock Incentive Award.

 

8.
Performance-Based Compensation

 

The
Company shall preserve the grandfathered status of any Performance-Based Compensation pursuant to section 13601(e)(2) of the Tax
Cuts and Jobs Act. No provision of this Plan (including Sections 9 and 23) shall be given effect to the extent that such provision
would cause any Performance-Based Compensation to be “materially modified” within the meaning of Notice 2018-68, IRB
18-36 (or other applicable guidance), unless the Committee expressly acknowledges and affirms such consequences.

 

9.
Adjustment upon Certain Changes

 

Subject
to any action by the shareholders of the Company required by law, applicable tax rules or the rules of any exchange on which shares
of common stock of the Company are listed for trading:

 

(a)
Shares Available for Grants

 

In
the event of any change in the number of shares of Common Stock outstanding by reason of any stock dividend or split, recapitalization,
merger, consolidation, combination, or exchange of shares or similar corporate change, the maximum aggregate number or type of
shares of Common Stock with respect to which the Committee may grant Stock Incentive Awards, the maximum number of shares of Common
Stock that may be covered by Options that are designated as “incentive stock options” within the meaning of section
422 of the Code and the maximum aggregate number of shares of Common Stock with respect to which the Committee may grant Stock
Incentive Awards to any individual Participant in any year and to any non-employee director shall be appropriately adjusted or
substituted by the Committee. In the event of any change in the type or number of shares of Common Stock of the Company outstanding
by reason of any other event or transaction, the Committee shall, to the extent deemed appropriate by the Committee, make such
adjustments to the type or number of shares of Common Stock with respect to which Stock Incentive Awards may be granted.

 

    	 	 	 

    	 

    

 

(b)
Increase or Decrease in Issued Shares Without Consideration

 

In
the event of any increase or decrease in the number of issued shares of Common Stock resulting from a subdivision or consolidation
of shares of Common Stock or the payment of a stock dividend (but only on the shares of Common Stock), or any other increase or
decrease in the number of such shares effected without receipt or payment of consideration by the Company, the Committee shall,
to the extent deemed appropriate by the Committee, adjust the type or number of shares of Common Stock subject to each outstanding
Stock Incentive Award and the exercise price per share of Common Stock of each such Stock Incentive Award.

 

(c)
Certain Mergers and Other Transactions

 

In
the event of any merger, consolidation, or similar transaction as a result of which the holders of shares of Common Stock receive
consideration consisting exclusively of securities of the surviving corporation in such transaction, the Committee shall, to the
extent deemed appropriate by the Committee, adjust each Stock Incentive Award outstanding on the date of such merger or consolidation
so that it pertains and applies to the securities which a holder of the number of shares of Common Stock subject to such Stock
Incentive Award would have received in such merger or consolidation.

 

In
the event of (i) a dissolution or liquidation of the Company, (ii) a sale of all or substantially all of the Company’s assets
(on a consolidated basis), (iii) a merger, consolidation, or similar transaction involving the Company in which the holders of
shares of Common Stock receive securities and/or other property, including cash, other than shares of the surviving corporation
in such transaction, the Committee shall, to the extent deemed appropriate by the Committee, have the power to:

 

(i)
cancel, effective immediately prior to the occurrence of such event, each Stock Incentive Award (whether or not then exercisable
or vested), and, in full consideration of such cancellation, pay to the Participant to whom such Stock Incentive Award was granted
an amount in cash, for each share of Common Stock subject to such Stock Incentive Award, equal to the value, as determined by
the Committee, of such Stock Incentive Award, provided that with respect to any outstanding Option such value shall be equal to
the excess of (A) the value, as determined by the Committee, of the property (including cash) received by the holder of a share
of Common Stock as a result of such event over (B) the exercise price of such Option; or

 

(ii)
provide for the exchange of each Stock Incentive Award (whether or not then exercisable or vested) for a Stock Incentive Award
with respect to (A) some or all of the property which a holder of the number of shares of Common Stock subject to such Stock Incentive
Award would have received in such transaction or (B) securities of the acquirer or surviving entity and, incident thereto, make
an equitable adjustment as determined by the Committee in the exercise price of the Stock Incentive Award, or the number of shares
or amount of property subject to the Stock Incentive Award or provide for a payment (in cash or other property) to the Participant
to whom such Stock Incentive Award was granted in partial consideration for the exchange of the Stock Incentive Award.

 

(d)
Other Changes

 

In
the event of any change in the capitalization of the Company, corporate change, corporate transaction or other event other than
those specifically referred to in Sections 9(a), (b) or (c), the Committee shall, to the extent deemed appropriate by the Committee,
make such adjustments in the number and class of shares subject to Stock Incentive Awards outstanding on the date on which such
change occurs and in such other terms of such Stock Incentive Awards as the Committee deems appropriate.

 

(e)
No Other Rights

 

Except
as expressly provided in the Plan or any Award Agreement, no Participant shall have any rights by reason of any subdivision or
consolidation of shares of stock of any class, the payment of any dividends or dividend equivalents, any increase or decrease
in the number of shares of stock of any class or any dissolution, liquidation, merger, or consolidation of the Company or any
other corporation. Except as expressly provided in the Plan, no issuance by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to,
the number of shares or amount of other property subject to, or the terms related to, any Stock Incentive Award.

 

    	 	 	 

    	 

    

 

(f)
Savings Clause

 

No
provision of this Section 9 shall be given effect to the extent that such provision would cause any tax to become due under section
409A of the Code.

 

10.
Change-in-Control; Termination of Employment

 

(a)
Change-in-Control

 

The
consequences of a Change-in-Control, if any, will be set forth in the Award Agreement in addition to what is provided in Section
10 hereof.

 

(b)
Termination of Employment

 

(1)
Except as to any awards constituting stock rights subject to section 409A of the Code, termination of Employment shall mean a
separation from service within the meaning of section 409A of the Code, unless the Participant is retained as a consultant pursuant
to a written agreement and such agreement provides otherwise. Without limiting the generality of the foregoing, the Committee
shall determine whether an authorized leave of absence, or absence in military or government service, shall constitute termination
of Employment, provided that a Participant who is an employee will not be deemed to cease employment in the case of any leave
of absence approved by the Company. Furthermore, no payment shall be made with respect to any Stock Incentive Awards under the
Plan that are subject to section 409A of the Code as a result of any such authorized leave of absence or absence in military or
government service unless such authorized leave or absence constitutes a separation from service for purposes of section 409A
of the Code and the regulations promulgated thereunder.

 

(2)
Unless otherwise specified in the Award Agreement, no Stock Incentive Award will continue to vest after termination of Employment
and the consequences with respect to any Option of the termination of Employment of the Participant holding the Option shall be
as follows:

 

(i)
If the Participant’s termination of Employment occurs prior to the Option’s expiration date, for any reason whatsoever
other than death or authorized retirement (as defined in subparagraph (ii) below), any unexercised portion of the Award shall
terminate automatically.

 

(ii)
If a Participant retires upon reaching the Company’s normal retirement age or earlier, with the written consent of the Company,
because of physical or mental disability (collectively, “authorized retirement”), any unexercised or unvested portion
of the Option shall expire three months after the effective date of such authorized retirement. The Participant may exercise all
or any vested portion of an Option from the date of his or her authorized retirement to three months thereafter.

 

(iii)
If prior to the expiration date of the Option, the Participant dies while employed by the Company or its subsidiary or within
three months of his or her authorized retirement, the Participant’s estate, heirs or legatees shall have the privilege of
exercising all or part of the unexercised Option within six months after the Participant’s death.

 

Nothing
contained in this Section shall extend the time for exercising all or any part of the then unexercised portion of an Option.

 

11.
Rights Under the Plan

 

No
Person shall have any rights as a shareholder with respect to any shares of Common Stock covered by or relating to any Stock Incentive
Award until the date of the issuance of such shares on the books and records of the Company. Except as otherwise expressly provided
in Section 9 hereof, no adjustment of any Stock Incentive Award shall be made for dividends or other rights for which the record
date occurs prior to the date of such issuance. Nothing in this Section 11 is intended, or should be construed, to limit authority
of the Committee to cause the Company to make payments based on the dividends that would be payable with respect to any share
of Common Stock if it were issued or outstanding, or from granting rights related to such dividends.

 

    	 	 	 

    	 

    

 

The
Company shall not have any obligation to establish any separate fund or trust or other segregation of assets to provide for payments
under the Plan. To the extent any person acquires any rights to receive payments hereunder from the Company, such rights shall
be no greater than those of an unsecured creditor.

 

12.
No Special Employment Rights; No Right to Stock Incentive Awards

 

(a)
Nothing contained in the Plan or any Award Agreement shall confer upon any Participant any right with respect to the continuation
of his or her Employment by the Company or interfere in any way with the right of the Company at any time to terminate such Employment
or to increase or decrease the compensation of the Participant from the rate in existence at the time of the grant of a Stock
Incentive Award.

 

(b)
No person shall have any claim or right to receive a Stock Incentive Award hereunder. The Committee’s granting of a Stock
Incentive Award to a Participant at any time shall neither require the Committee to grant a Stock Incentive Award to such Participant
or any other Participant or other person at any time nor preclude the Committee from making subsequent grants to such Participant
or any other Participant or other person.

 

13.
Securities Matters

 

(a)
The Company shall be under no obligation to affect the registration pursuant to the Securities Act of any shares of Common Stock
to be issued hereunder or to effect similar compliance under any state or local laws. Notwithstanding anything herein to the contrary,
the Company shall not be obligated to cause to be issued shares of Common Stock pursuant to the Plan unless and until the Company
is advised by its counsel that the issuance is in compliance with all applicable laws, regulations of governmental authority,
and the requirements of any securities exchange on which shares of Common Stock are traded. The Committee may require, as a condition
to the issuance of shares of Common Stock pursuant to the terms hereof, that the recipient of such shares make such covenants,
agreements, and representations, and that any related certificates representing such shares bear such legends, as the Committee,
in its sole discretion, deems necessary or desirable.

 

(b)
The exercise or settlement of any Stock Incentive Award (including, without limitation, any Option) granted hereunder shall only
be effective at such time as counsel to the Company shall have determined that the issuance and delivery of shares of Common Stock
pursuant to such exercise is in compliance with all applicable laws, regulations of governmental authority, and the requirements
of any securities exchange on which shares of Common Stock are traded. The Company may, in its sole discretion, defer the effectiveness
of any exercise or settlement of a Stock Incentive Award granted hereunder in order to allow the issuance of shares pursuant thereto
to be made pursuant to registration or an exemption from registration or other methods for compliance available under federal
or state or local securities laws. The Company shall inform the Participant in writing of its decision to defer the effectiveness
of the exercise or settlement of a Stock Incentive Award granted hereunder. During the period that the effectiveness of the exercise
of a Stock Incentive Award has been deferred, the Participant may, by written notice, withdraw such exercise and obtain the refund
of any amount paid with respect thereto.

 

14.
Withholding Taxes

 

(a)
Cash Remittance

 

Whenever
withholding tax obligations are incurred in connection with any Stock Incentive Award, the Company shall have the right to require
the Participant to remit to the Company in cash an amount sufficient to satisfy federal, state, and local withholding tax requirements,
if any, attributable to such event. In addition, upon the exercise or settlement of any Stock Incentive Award in cash, or the
making of any other payment with respect to any Stock Incentive Award (other than in shares of Common Stock), the Company shall
have the right to withhold from any payment required to be made pursuant thereto an amount sufficient to satisfy the federal,
state, and local withholding tax requirements, if any, attributable to such exercise, settlement, or payment.

 

    	 	 	 

    	 

    

 

(b)
Stock Remittance

 

At
the election of the Participant, subject to the approval of the Committee, whenever withholding tax obligations are incurred in
connection with any Stock Incentive Award, the Participant may tender to the Company (including by attestation) a number of shares
of Common Stock having a Fair Market Value at the tender date determined by the Committee to be sufficient to satisfy the minimum
federal, state, and local withholding tax requirements, if any, attributable to such event. Such election shall satisfy the Participant’s
obligations under Section 14(a) hereof, if any.

 

(c)
Stock Withholding

 

At
the election of the Participant, subject to the approval of the Committee, whenever withholding tax obligations are incurred in
connection with any Stock Incentive Award, the Company shall withhold a number of such shares having a Fair Market Value determined
by the Committee to be sufficient to satisfy the minimum federal, state, and local withholding tax requirements, if any, attributable
to such event. Such election shall satisfy the Participant’s obligations under Section 14(a) hereof, if any.

 

15.
No Obligation to Exercise

 

The
grant to a Participant of a Stock Incentive Award shall impose no obligation upon such Participant to exercise such Stock Incentive
Award.

 

16.
Transfers

 

Stock
Incentive Awards may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will
or by the laws of descent or distribution and may be exercised, during the lifetime of a Participant, only by the Participant.
Upon the death of a Participant, outstanding Stock Incentive Awards granted to such Participant may be exercised only by the executors
or administrators of the Participant’s estate or by any person or persons who shall have acquired such right to exercise
by will or by the laws of descent and distribution. No transfer by will or the laws of descent and distribution of any Stock Incentive
Award, or the right to exercise any Stock Incentive Award, 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 Stock Incentive Award that are or would have been applicable to the Participant and to be bound by the acknowledgements made
by the Participant in connection with the grant of the Stock Incentive Award.

 

17.
Expenses and Receipts

 

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

 

18.
Failure to Comply

 

In
addition to the remedies of the Company elsewhere provided for herein, failure by a Participant to comply with any of the terms
and conditions of the Plan or any Award Agreement, unless such failure is remedied by such Participant within ten days after having
been notified of such failure by the Committee, shall be grounds for the cancellation and forfeiture of such Stock Incentive Award,
in whole or in part, as the Committee, in its absolute discretion, may determine.

 

19.
Relationship to Other Benefits

 

No
payment with respect to any Stock Incentive Awards under the Plan shall be taken into account in determining any benefits under
any pension, retirement, profit sharing, group insurance, or other benefit plan of the Company except as otherwise specifically
provided in such other plan.

 

    	 	 	 

    	 

    

 

20.
Governing Law

 

The
Plan and the rights of all persons under the Plan shall be construed and administered in accordance with the laws of the State
of Delaware without regard to its conflict of law principles.

 

21.
Severability

 

If
all or any part of this Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or
invalidity shall not serve to invalidate any portion of this Plan not declared to be unlawful or invalid. Any Section or part
of a Section so declared to be unlawful or invalid shall, if possible, be construed in a manner that will give effect to the terms
of such Section or part of a Section to the fullest extent possible while remaining lawful and valid.

 

22.
Effective Date and Term of Plan

 

The
Effective Date of the Plan is September 30, 2017, subject to the approval of the Plan by the shareholders of the Company. No grants
of Stock Incentive Awards may be made under the Plan after September 30, 2027.

 

23.
Amendment or Termination of the Plan

 

The
Board of Directors may at any time suspend or discontinue the Plan or revise or amend it or any Stock Incentive Award in any respect
whatsoever; provided, however, that to the extent that any applicable law, tax requirement, or rule of a stock exchange
requires shareholder approval in order for any such revision or amendment to be effective, such revision or amendment shall not
be effective without such approval. The preceding sentence shall not restrict the Committee’s ability to exercise its discretionary
authority hereunder pursuant to Section 4 hereof, which discretion may be exercised without amendment to the Plan. No provision
of this Section 23 shall be given effect to the extent that such provision would cause any tax to become due under section 409A
of the Code. Except as expressly provided in the Plan, no action hereunder may, without the consent of a Participant, adversely
affect the Participant’s rights under any previously granted and outstanding Stock Incentive Award. Nothing in the Plan
shall limit the right of the Company to pay compensation of any kind outside the terms of the Plan.

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