Document:

Exhibit 10.2

 

EMPLOYMENT AGREEMENT 

 

This Employment Agreement (“Agreement”)
is dated as of December 14, 2021 by and between Bespoke Extracts, Inc., a Nevada corporation (the “Company”) and Hunter
Garth (the “Executive”) (together, the “Parties”).

 

RECITALS 

 

WHEREAS, the Parties wish to document the continuing
role of the Executive as a director of the Company (the “Board”) and document the new role of President of the Company.

 

Accordingly, the Parties agree as follows:

 

		1.	Employment. The Company hereby appoints the Executive, and the Executive hereby accepts
such employment, upon the terms and conditions set forth herein. The Company agrees to appoint the Executive as its President , and the
Executive agrees to serve in such capacities, upon the terms and conditions hereinafter provided, commencing on the date first above written
(the “Commencement Date”), it being understood that Executive’s appointment as a director is subject to applicable
provisions of the Nevada Revised Statutes. The Executive hereby represents and warrants that he has the legal capacity to execute
and perform this Agreement, and that its execution and performance by him will not violate the terms of any existing agreement or understanding
to which the Executive is a party.

 

		2.	Position and Duties. The Executive hereby agrees to serve as President.  Such positions
shall have such duties of an executive character typically associated with such positions and which shall delegated or assigned to the
Executive from time to time by the Board. The Executive shall not be required to devote any specific amount of his business time, attention,
skill and efforts to the business of the Company but it is anticipated that the Executive will devote significant time to the business
and affairs of the Company. The Executive shall be not required to be based in the Company’s corporate headquarters in and it is
understood that reasonable travel may be required on behalf of the Company on a regular basis.  The Executive shall be permitted
to engage in charitable, civic and other non-business activities, including serving in academic positions, and to serve as a member of
the board of directors of other organizations that are not competitive with the business of the Company, with prior Board approval and
so long as such activities do not interfere with the Executive’s duties hereunder.

 

		3.	Compensation.

 

		a.	Cash Compensation.  The Company shall pay the Executive a base salary of $8,000 per month, paid pursuant to the Company’s
normal payroll procedures, subject to all applicable employment and income tax withholdings.

 

		b.	Stock Grant. The Company shall issue to Executive 22,500,000 shares of restricted common stock (the “Shares”) of
the Company, as soon as reasonably practicable following the execution of this Agreement. The Shares will be issued as Restricted Stock
under the Company’s 2021 Equity Incentive Plan and have the terms set forth in the form of restricted stock award agreement set
forth as Exhibit A hereto.

 

		c.	Options Grant. The Company shall issue to the Executive options to purchase 15,000,000 shares of common stock (the “Options”)
as soon as reasonably practicable following the execution of this Agreement.  The Options will have the terms set forth in the form
of the Non-Qualified Stock Option Agreement set forth as Exhibit B, including, without limitation, an exercise price of $0.06 and,
a vesting schedule under which one-third of such Options will vest on each yearly anniversary of the date of grant.    

 

    

     

    

 

		d.	General Benefits and Plans. The Executive shall be entitled to participate in all compensation, employee stock
option plans and employee benefit plans or programs, and to receive all benefits, including, but not limited to, health and welfare benefits,
which are approved by the Board and are generally made available by the Company to all employees and to the extent permissible under the
general terms and provisions of such plans or programs and in accordance with the provisions thereof. Notwithstanding any of
the foregoing, nothing in this Agreement shall require the Company to establish, maintain or continue any particular plan or program nor
preclude the amendment, rescission or termination of any such plan or program that may be established from time to time.

 

		e.	Additional Compensation/Benefits.  The Executive shall be eligible to receive equity compensation (e.g., annual
option grants) and other benefits or perks provided to non-employee directors of the Board.

 

		4.	Indemnification.  The Executive shall, at all times, be indemnified by the Company to the
extent provided by the Company’s articles of incorporation, bylaws and applicable law, in connection with his performance of services
hereunder. Additionally, the Executive shall be covered by the director and officer liability insurance provided to other directors
and executives of the Company, if any.  The Company shall continue to indemnify the Executive as provided above and,
to the extent maintained for other officers and directors, maintain such liability insurance coverage for the Executive after the termination
of this Agreement, for any claims that may be made against him with respect to his service as a director or Executive Chairman of the
Company.

 

		5.	Business Expenses/Legal Fee Reimbursement.  

 

		a.	The Company shall pay or reimburse the Executive for all reasonable travel in accordance with the Company’s standard policies
and procedures and other travel and other reasonable expenses incurred by the Executive in connection with the performance of his duties
and obligations under this Agreement, subject to the Executive’s presentation of appropriate vouchers in accordance with such expense
account policies and approval procedures as the Company may from time to time establish for and to preserve any deductions for Federal
income taxation purposes to which the Company may be entitled.

 

		b.	Reserved.

 

		6.	Termination. The Executive’s service under this Agreement may be terminated
by the Company with or without Cause, by the Executive with or without Good Reason or as a result of the Executive’s death or Disability.
 Upon termination of his employment, except as otherwise provided in this Agreement, the Company shall have no further obligation
to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments
or benefits. 

 

		a.	Termination for Cause.  The Company may terminate the Executive’s employment for “Cause” by reason
of any of the following: (i) formal admission by the Executive to (including a plea of guilty or nolo contendere to), or conviction
of a felony, or any criminal offence involving the Executive’s moral turpitude under any applicable law, (ii) gross negligence
or willful misconduct by the Executive in the performance of the Executive’s duties required by this Agreement; (iii) the commission
of any fraud, misappropriation or misconduct by the Executive that causes demonstrable material injury, monetarily or otherwise, to the
business of the Company, or (iv) material breach of this Agreement by the Executive.  Prior to a termination for Cause, the
Company shall provide written notice to the Executive of the reason or reasons for a potential Cause determination and provide the Executive
ten (10) days to cure the reason(s), if curable.  If cured, Cause shall no longer apply to the reason or reasons set forth in the
Company’s notice.  If the Executive is terminated for Cause, the Company shall pay to the Executive, in a lump sum, any base
salary that is earned by the Executive but unpaid as of the date of the Executive’s termination of employment, paid in accordance
with the Company’s payroll practices, but in no event later than ten (10) days following the Executive’s termination of employment.
 Following the Executive’s termination of employment for Cause, the Executive shall have no further rights to any compensation
or any other benefits under this Agreement.

 

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		b.	Termination without Cause.  The Company may terminate the Executive’s Employment without Cause upon thirty (30)
days prior notice provided to the Executive. 

 

		c.	Resignation for Good Reason.  The Executive may terminate this Agreement with “Good Reason” which shall be
communicated by written notice of termination from the Executive to the Company (the “Notice of Termination”). The
Notice of Termination shall indicate the specific provision(s) of this Agreement relied upon in effecting the termination and a written
statement of the reason(s) for the termination. A Notice of Termination shall not be effective for a period of thirty (30) days after
receipt of such Notice of Termination by the Company so that the Company has an opportunity to cure the reason or reason set forth in
the Notice of Termination.  If cured, Good Reason shall no longer apply to the reason or reasons set forth in the Notice of Termination.
 “Good Reason” shall mean a material breach of this Agreement by the Company.

 

		d.	Resignation without Good Reason.  The Executive may resign without Good Reason upon 30 days prior notice provided to the
Company. Upon the Executive’s resignation without Good Reason, the Company shall pay to the Executive, in a lump sum, any base salary
that is earned by the Executive but unpaid as of the date of the Executive’s termination of employment, paid in accordance with
the Company’s payroll practices, but in no event later than ten (10) days following the Executive’s termination of employment.
 Following the Executive’s resignation of employment without Good Reason, the Executive shall have no further rights to any
compensation or any other benefits under this Agreement.

 

		e.	Termination as a result of death or Disability. The Executive’s services shall terminate upon the Executive’s death
or Disability.  “Disability” shall mean, to the extent consistent with applicable federal and state law, the Executive’s
inability by reason of physical or mental illness to fulfill his obligations hereunder for ninety (90) consecutive days or for a
total of one hundred and eighty (180) days in any twelve (12) month period which, in the reasonable opinion of an independent
physician selected by the Company or its insurers and reasonably acceptable to the Executive or the Executive’s legal representative,
renders the Executive unable to perform the essential functions of his job, even after reasonable accommodations are made by the Company.
The Company is not, however, required to make unreasonable accommodations for the Executive or accommodations that would create an undue
hardship on the Company

 

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		f.	Severance Benefits upon Termination Without Cause or by the Executive with Good Reason or death or Disability.  Upon the
Executive’s termination by the Company without Cause, by the Executive with Good Reason, or upon the death or Disability of the
Executive, the Executive shall be entitled to receive continued payment of the Executive’s monthly base salary for twelve (12) months
following such termination (the “Severance Period”).  The Company shall also pay an amount to the Executive equal
to the Company’s cost of providing such benefits to the Executive for the Severance Period as if the Executive’s employment
had not terminated subject to the Executive’s election for continuation coverage in accordance with the provisions of the Consolidated
Omnibus Budget Reconciliation Act of 1986, as amended (“COBRA Coverage”).  The payments described in this Section
6(f) shall not be paid or commence payment until the Company’s next regular payroll date occurring at least five (5) business days
following the Executive’s satisfaction of the Release Condition (as defined below), but shall be retroactive to the next business
day following the date of termination.  

 

		g.	Vesting of Options.  Subject to the Release Condition and notwithstanding anything to the contrary contained in the applicable
option grant agreement with respect to the Options, upon the Executive’s termination by the Company without Cause, by the Executive
with Good Reason, upon the death or Disability of the Executive, the Options shall become fully vested as to all shares then unvested.
 

 

		h.	Release Condition.  Notwithstanding any other provision of this Agreement to the contrary, the Executive acknowledges
and agrees that the payments and benefits set forth in Section 6(f) and 6(g) upon a termination of employment, are conditioned upon and
subject to the Executive’s execution of a general waiver and release of all claims, in the form attached hereto as Exhibit
C, which release must be executed, delivered, and not revoked within sixty (60) days following such termination (the “Release
Condition”).  Payments and benefits under Sections 6(g) and 6(g) shall be made or provided or shall commence on the first
regular payroll date that is after the sixtieth (60th) day after termination of employment, provided that the Release Condition
is satisfied.

 

		7.	Confidential Information.

 

		a)	The Executive acknowledges that the Company continually develops Confidential Information, that the Executive may develop Confidential
Information for the Company, and that the Executive may learn of Confidential Information during the course of his employment.  The
Executive will comply with the policies and procedures of the Company for protecting Confidential Information applicable to its executives
generally and shall not disclose to any person or use, other than as required by applicable law or for the proper performance of his duties
and responsibilities to the Company, any Confidential Information obtained by the Executive incident to his employment or other association
with the Company.  The Executive understands that this restriction shall continue to apply after his employment terminates, regardless
of the reason for such termination.  For purposes of this Agreement, “Confidential Information” means any and
all information of the Company that is not generally known by others with whom they compete or do business, or with whom any of them plans
to compete or do business, and any and all information, publicly known in whole or in part or not, which, if disclosed by the Company,
would assist in competition against them.  Confidential Information includes, without limitation, such information relating to (i) the
development, research, testing, manufacturing, marketing, and financial activities of the Company, (ii) the products of the Company,
(iii) the costs, sources of supply, financial performance, and strategic plans of the Company, (iv) the identity and special
needs of the customers of the Company, and (v) the people and organizations with whom the Company has business relationships and
those relationships.  Confidential Information also includes any information that the Company has received, or may receive hereafter,
belonging to customers or others with any understanding, express or implied, that the information would not be disclosed.  Confidential
Information shall not include any such information (i) is or becomes in the public domain without any breach by the Executive of
his obligations hereunder, (ii) has been or is later (after the Executive’ termination of  employment) lawfully acquired by
the Executive from sources that the Executive does not know, after reasonable inquiry, to be prohibited from making such disclosure by
a confidentiality obligation or other legal, contractual or fiduciary obligation owed to the Company, or (iii) is developed after the
termination of employment by the Executive or any of the Executive’s affiliates without violating Section 7 hereof.

 

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		b)	All documents, records, tapes, and other media of every kind and description relating to the business, present or otherwise, of the
Company and any copies, in whole or in part, thereof (the “Documents”), whether or not prepared by the Executive, shall
be the sole and exclusive property of the Company.  The Executive shall surrender to the Company at the time his employment terminates,
or at such earlier time or times as the Company may specify, all Documents then in the Executive’s possession or control.  The
Executive shall immediately return such Documents and other property to the Company upon the termination of his employment and, in any
event, at the Company’s request.  The Executive agrees further that any property situated on the premises of, and owned by,
the Company, including disks and other storage media, filing cabinets, or other work areas, is subject to inspection by the Company’s
personnel with advance written notice to the Executive.

 

		c)	Notwithstanding anything to the contrary contained herein:

 

		(1)	nothing in this Agreement shall prohibit the Executive from reporting possible violations of federal law or regulation to or otherwise
cooperating with or providing information requested by any governmental agency or entity, including, but not limited to, the Department
of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector General, or making other disclosures that are
protected under the whistleblower provisions of federal law or regulation.  The Executive does not need the prior authorization of
the Company to make any such reports or disclosures and is not required to notify the Company that he has made such reports or disclosures;
and

 

		(2)	the Executive will not be held criminally or civilly liable under any federal or state trade secret law for any disclosure of a trade
secret that is made (A) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney
and (B) solely for the purposes of reporting or investigating a suspected violation of law or is made in a complaint or other document
that is filed under seal in a lawsuit or other proceeding.  If the Executive files a lawsuit for retaliation by the Company for reporting
a suspected violation of law, the Executive may disclose the Company’s trade secrets to his attorney and use the trade secret information
in the court proceeding if the Executive (x) files any document containing the trade secret under seal and (y) does not disclose the trade
secret, except pursuant to court order.

 

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		8.	Section 409A Compliance. The Parties intend for this Agreement either to satisfy the
requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) or to be exempt from
the application of Code Section 409A, and this Agreement shall be construed and interpreted accordingly. Notwithstanding anything
in this Agreement to the contrary, in the event that the Executive is deemed to be a “specified employee” within the meaning
of Code Section 409A(a)(2)(B)(i), no payments hereunder that are “deferred compensation” subject to Code Section 409A shall
be made to the Executive prior to the date that is six (6) months after the date of the Executive’s “separation from service”
(as defined in Code Section 409A) or, if earlier, the date of the Executive’s death.  Following any applicable six (6) month
delay, all such delayed payments will be paid in a single lump sum on the earliest date permitted under Code Section 409A that is
also a business day.  For purposes of Code Section 409A, each of the payments that may be made hereunder is designated as a separate
payment.  For purposes of this Agreement, with respect to payments of any amounts that are considered to be “deferred compensation”
subject to Code Section 409A, references to “termination of employment” (and substantially similar phrases) shall be interpreted
and applied in a manner that is consistent with the requirements of Code Section 409A.  To the extent that any reimbursements under
this Agreement are taxable to the Executive, any such reimbursement payment due to the Executive shall be paid to the Executive as promptly
as practicable consistent with Company practice following the Executive’s appropriate itemization and substantiation of expenses
incurred, and in all events on or before the last day of the Executive’s taxable year following the taxable year in which the related
expense was incurred.  The taxable reimbursements under this Agreement that could constitute “deferred compensation”
within the meaning of Code Section 409A are not subject to liquidation or exchange for another benefit, and the amount of such benefits
and reimbursements that the Executive receives in one taxable year shall not affect the amount of such benefits or reimbursements that
the Executive receives in any other taxable year.

 

		9.	Section 280G Best After-Tax. If any payment or benefit that Executive would receive
under this Agreement or otherwise, when combined with any other payment or benefit Executive receives that is contingent upon a change
in control of the Company (“Payment”) would (i) constitute a “parachute payment” within the meaning
of Section 280G of the Code, and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the
Code (“Excise Tax”), then at the sole discretion of the Executive, such Payment shall be either (x) the full amount
of such Payment or (y) such lesser amount as would result in no portion of the Payment being subject to the Excise Tax (the “Reduced
Amount”), whichever of the foregoing amounts, taking into account the applicable federal, state and local employment taxes,
income taxes and the Excise Tax, that the Executive chooses which may result in Executive’s receipt, on an after-tax basis, of the
greater economic benefit notwithstanding that all or some portion of the Payment may be subject to the Excise Tax. If a reduction in payments
or benefits constituting “parachute payments” is necessary so that the Payment equals the Reduced Amount, reduction shall
occur in a manner necessary to provide Executive with the greatest economic benefit. If more than one manner of reduction of payments
or benefits necessary to arrive at the Reduced Amount yields the greatest economic benefit, the payments and benefits shall be reduced
pro rata.

 

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		10.	General Provisions

 

		a.	Notices. All notices, requests, demands and other communications required or permitted hereunder shall be given in writing
and shall be deemed to have been duly given if delivered or mailed, postage prepaid, by certified or registered mail or by use of an independent
third party commercial delivery service for same day or next day delivery and providing a signed receipt as follows:

 

If to the Company:

 

Bespoke Extracts, Inc.

2590 Walnut Street,

Denver, CO 80205

 

Attention:  Chief Executive Officer

CEO@bespokeextracts.com

 

If to the Executive:

At the address on file with the Company.

 

		b.	Successors and Assigns. The rights and obligations of the Company under this Agreement shall inure to the benefit of and shall
be binding upon the successors and assigns of the Company.

 

		c.	Waiver. Either party’s failure to enforce any provision of this Agreement shall not in any way be construed as a
waiver of any such provision, or prevent that party thereafter from enforcing each and every other provision of this Agreement.

 

		d.	Arbitration. Any dispute arising out of or asserting breach of this Agreement, or any statutory or common law claim by the
Executive relating to his employment under this Agreement or the termination thereof (including any tort or discrimination claim), shall
be exclusively resolved by binding statutory arbitration in accordance with the Employment Dispute Resolution Rules of the American Arbitration
Association. Such arbitration process shall take place in New York, New York. A court of competent jurisdiction may enter judgment upon
the arbitrator’s award. Each party shall pay the costs and expenses of arbitration (including fees and disbursements of counsel)
incurred by such party in connection with any dispute arising out of or asserting breach of this Agreement.

 

		e.	Interpretation; Construction. The headings set forth in this Agreement are for convenience only and shall not be used in interpreting
this Agreement. 

 

		f.	Governing Law. This Agreement will be governed by and construed in accordance with the laws of the State of New York. Each
party consents to the jurisdiction and venue of the state or federal courts in New York County, New York in any action, suit or proceeding
arising out of or relating to this Agreement.

 

		g.	Entire Agreement. This Agreement, together with the agreement(s) evidencing the Options (which agreement is partially amended
as set forth herein), constitute the entire agreement between the Parties relating to this subject matter hereof and supersedes all prior
or simultaneous representations, discussions, negotiations, and agreements, whether written or oral. This Agreement may be amended or
modified only with the written consent of the Executive and the Board.  No oral waiver, amendment or modification will be effective
under any circumstances whatsoever.  

 

		h.	Nondisparagement.  The Executive and the Company agree that each party, during the Executive’s employment and for
a period of two (2) years thereafter, shall not, in any communications with the press or other media or any customer, client, supplier
or member of the investment community, criticize, ridicule or make any statement which disparages or is derogatory of the other party; provided,
that the Company’s obligations shall be limited to communications by its senior corporate executive officers (“Specified
Executives”), and it is agreed and understood that any such communication by any Specified Executive (or by any executive at
the behest of a Specified Executive) shall be deemed to be a breach of this provision by the Company. Notwithstanding the foregoing, neither
the Executive nor the Company shall be prohibited from making truthful statements in connection with any arbitration proceeding concerning
a dispute relating to this Agreement.

 

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IN WITNESS WHEREOF, the Parties have executed the
Agreement as of the date and year first above written. 

 

	BESPOKE EXTRACTS, INC.	 
	 	 	 
	By: 	/s/ Michael Feinsod	 
	Name:  	Michael Feinsod	 
	Title:  	Chief Executive Officer	 
	 	 	 
	EXECUTIVE	 
	 	 	 
	/s Hunter Garth	 
	Name:  	Hunter Garth	 

 

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Exhibit A

 

Form of Restricted Stock Award Agreement

 

EXHIBIT B

 

Form of Option Agreement

 

     

     

    

 

EXHIBIT C

 

WAIVER AND RELEASE OF CLAIMSExhibit 10.3

 

BESPOKE EXTRACTS, INC.

2021 EQUITY INCENTIVE PLAN

 

1.
Purpose; Eligibility.

 

1.1
General Purpose. The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder
value by (a) encouraging Participants to focus on the Company’s performance and growth, (b) encouraging the attraction and retention
of Participants with exception qualifications, and (c) linking Participants directly to stockholders’ interests through increased
stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of Options (including Incentive Stock Options
or Non-Qualified Stock Options), Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Share Awards, or Other
Equity-Based Awards.

 

1.2
Eligible Award Recipients. The persons eligible to receive Awards are the Employees, Consultants, and Directors of
the Company and its Affiliates and such other individuals designated by the Committee who are reasonably expected to become Employees,
Consultants, and Directors after the receipt of Awards (“Eligible Award Recipients”).

 

1.3
Available Awards. Awards that may be granted under the Plan include: (a) Incentive Stock Options; (b) Non-Qualified
Stock Options; (c) Stock Appreciation Rights; (d) Restricted Awards; (e) Performance Share Awards; or (f) Other Equity-Based Awards.

 

2.
Definitions.

 

2.1
“Affiliate” means a corporation or other entity that, directly or indirectly through one (1) or more intermediaries,
controls, is controlled by, or is under common control with, the Company.

 

2.2
“Applicable Laws” means the requirements related to or implicated by the administration of the Plan under applicable
state corporate law, United States federal and state securities laws, the Code, any applicable tier of the OTC Markets, and any national
securities exchange on which the shares of Common Stock are listed or quoted, and the applicable laws of any foreign country or jurisdiction
where Awards are granted under the Plan.

 

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2.3
 “Award” means any award granted under the Plan, including an Option, Stock Appreciation Right, Restricted Stock,
Restricted Stock Unit, Performance Share Award or Other Equity-Based Award. All Awards will be granted by, confirmed by, and subject to
the terms and conditions of an Award Agreement executed by the Company and the Participant.

 

2.4
“Award Agreement” means a written agreement, contract, certificate or other instrument or document evidencing
the terms and conditions of an individual Award granted under the Plan, which may, in the discretion of the Company, be transmitted electronically
to any Participant. Each Award Agreement shall be subject to the terms and conditions of the Plan.

 

2.5
“Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act,
except that in calculating the beneficial ownership of any particular Person, such Person shall be deemed to have beneficial ownership
of all securities that such Person has the right to acquire by conversion or exercise of other securities, whether such right is currently
exercisable or is exercisable only after the passage of time. The terms “Beneficially Owns” and “Beneficially
Owned” have a corresponding meaning.

 

2.6
“Board” means the board of directors of the Company, as constituted at any time.

 

2.7
“Cause” means:

 

(a)
with respect to any Employee or Consultant:

 

(i) if the Employee
or Consultant is a party to an employment or service agreement with Company or its Affiliates and such agreement provides for a definition
of Cause, the definition contained therein;

 

(ii)
if no such agreement exists or if such agreement does not define Cause, the definition contained in the applicable Award Agreement;
or

 

(iii)
if such Award Agreement does not define Cause, then Cause shall mean (A) the commission of, or plea of guilty or no contest to,
a felony or a crime involving moral turpitude; (B) the commission of any other act involving willful malfeasance or material fiduciary
breach with respect to the Company or an Affiliate; (C) conduct
that brings or is reasonably likely to bring the Company or an Affiliate negative publicity or into public disgrace, embarrassment, or
disrepute; (D) gross negligence or willful misconduct with respect to the Company or an Affiliate; (E) material violation of state or
federal securities laws; or (F) material violation of the Company’s written policies or codes of conduct, including written policies
related to discrimination, harassment, performance of illegal or unethical activities, insider trading and other ethical misconduct; or

 

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(b)  with
respect to any Director, unless the applicable Award Agreement states otherwise, a determination by a majority of the disinterested Committee
members that the Director has engaged in any of the following: (i) malfeasance in office; (ii) gross misconduct or neglect; (iii) false
or fraudulent misrepresentation inducing the Director’s appointment; (iv) willful conversion of corporate funds; or (v) repeated
failure to participate in Board meetings on a regular basis despite having received proper notice of the meetings in advance. The Committee,
in its absolute discretion, shall determine the effect of all matters and questions relating to whether a Participant has been discharged
for Cause.

 

2.8
“Change in Control” means:

 

(a)  
with respect to an Award that is not governed by Section 409A of the Code, the consummation of a reorganization, merger, consolidation,
statutory share exchange or similar form of corporate transaction involving the Company that requires the approval of the Company’s
stockholders, whether for such transaction or the issuance of securities in the transaction (a “Business Combination”)
unless immediately following such Business Combination: (i) more than fifty percent (50%) of the total voting power of (A) the entity
resulting from such Business Combination (the “Surviving Company”) or (B) if applicable, the ultimate parent entity
that directly or indirectly has beneficial ownership of sufficient voting securities eligible to elect a majority of the members of the
board of directors (or the analogous governing body) of the Surviving Company (the “Parent Company”) is represented
by the Outstanding Company Voting Securities that were outstanding immediately prior to such Business Combination (or, if applicable,
is represented by shares into which the Outstanding Company Voting Securities were converted pursuant to such Business Combination), and
such voting power among the holders thereof is in substantially the same proportion as the voting power of the Outstanding Company Voting
Securities among the holders thereof immediately prior to the Business Combination; (ii) no Person (other than any employee benefit plan
sponsored or maintained by the Surviving Company or the Parent Company) is or becomes the
Beneficial Owner, directly or indirectly, of fifty percent (50%) or more of the total voting power of the outstanding voting securities
eligible to elect members of the board of directors of the Parent Company (or the analogous governing body) (or, if there is no Parent
Company, the Surviving Company); and (iii) at least a majority of the members of the board of directors (or the analogous governing body)
of the Parent Company (or, if there is no Parent Company, the Surviving Company) following the consummation of the Business Combination
were Board members at the time of the Board’s approval of the execution of the initial agreement providing for such Business Combination;
and

 

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(b)
with respect to an Award that is governed by Section 409A of the Code:

 

(i)
any Person (or more than one (1) Person acting as a group) acquires ownership of stock of the Company that, together with the stock
held by such person or group, constitutes more than fifty percent (50%) of the total fair market value or total voting power of the stock
of the Company; provided, that, a Change in Control shall not occur if any Person (or more than one (1) Person acting as a group)
owns more than fifty percent (50%) of the total fair market value or total voting power of the Company’s stock and acquires additional
stock;

 

(ii)
A majority of the members of the Board are replaced during any twelve (12) month period by directors whose appointment or election
is not endorsed by a majority of the Board before the date of appointment or election;

 

(iii)
Any person (or more than one (1) person acting as a group), acquires (or has acquired during the twelve (12) month period ending
on the date of the most recent acquisition) assets from the Company that have a total gross fair market value equal to or more than eighty
percent (80%) of the total gross fair market value of all of the assets of the Company immediately before such acquisition(s).

 

2.9
“Code” means the Internal Revenue Code of 1986, as it may be amended from time to time.

 

2.10
“Committee” means a committee of three (3) or more members of the Board appointed by the Board to administer
the Plan in accordance with Section 3.3 and Section 3.4. The term “Committee”
shall apply to any person or persons to whom such authority has been delegated.

 

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2.11
“Common Stock” means the common stock, $0.001 par value per share, of the Company, or such other securities
of the Company as may be designated by the Committee from time to time in substitution thereof.

 

2.12
“Company” means Bespoke Extracts, Inc., a Nevada corporation, and any successor thereto.

 

2.13
“Compensation Committee” means the compensation committee of the Board.

 

2.14
“Consultant” means any individual or entity that performs bona fide services to the Company or an Affiliate,
other than as an Employee or Director.

 

2.15
“Continuous Service” means that the Participant’s service with the Company or an Affiliate, whether as
an Employee, Consultant, or Director, is not interrupted or terminated. The Participant’s Continuous Service shall not be deemed
to have terminated merely because of a change in the capacity in which the Participant renders service to the Company or an Affiliate
as an Employee, Consultant, or Director or a change in the entity for which the Participant renders such service; provided that,
there is no interruption or termination of the Participant’s Continuous Service; provided further that, if any Award is subject
to Section 409A of the Code, this sentence shall only be given effect to the extent consistent with Section 409A of the Code. For example,
a change in status from an Employee of the Company to a Director of an Affiliate will not constitute an interruption of Continuous Service.
The Committee or its delegate, in its sole discretion, may determine whether Continuous Service shall be considered interrupted in the
case of any leave of absence approved by that party, including sick leave, military leave or any other personal or family leave of absence.
The Committee or its delegate, in its sole discretion, may determine whether a Company transaction, such as a sale or spin-off of a division
or subsidiary that employs a Participant, shall be deemed to result in a termination of Continuous Service for purposes of affected Awards,
and such decision shall be final, conclusive, and binding.

 

2.16
“Deferred Stock Units” or “DSUs” has the meaning set forth in Section 8.1(b) hereof.

 

2.17
“Director” means a member of the Board.

 

    5

     

    

 

2.18
 “Disability” means, unless the applicable Award Agreement provides otherwise, that the Participant is unable
to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment; provided, however,
for purposes of determining the term of an Incentive Stock Option pursuant to Section 6.10 hereof, the term Disability shall have the
meaning ascribed to it under Section 22(e)(3) of the Code. The determination of whether an individual has a Disability shall be determined
under procedures established by the Committee. Except in situations where the Committee is determining Disability for purposes of the
term of an Incentive Stock Option pursuant to Section 6.10 hereof within the meaning of Section 22(e)(3) of the Code, the Committee may
rely on any determination that a Participant is disabled for purposes of benefits under any long-term disability plan maintained by the
Company or any Affiliate in which a Participant participates.

 

2.19
“Disqualifying Disposition” has the meaning set forth in Section 17.12.

 

2.20
“Effective Date” shall mean the date that shall mean the date as of which this
Plan is adopted by the Board.  

 

2.21
“Eligible Award Recipients” shall have the meaning ascribed thereto in Section 2.1.

 

2.22
“Employee” means any person, including an Officer or Director, employed by the Company or an Affiliate; provided,
that, for purposes of determining eligibility to receive Incentive Stock Options, an Employee shall mean an employee of the Company
or a parent or subsidiary corporation within the meaning of Section 424 of the Code. Mere service as a Director or payment of a director’s
fee by the Company or an Affiliate shall not be sufficient to constitute “employment” by the Company or an Affiliate.

 

2.23
“Employee Director” means a Director who is an employee.

 

2.24
“Exchange Act” means the Securities Exchange Act of 1934, as amended.

 

2.25
“Fair Market Value” means  means, on a given date, (i) if there is a public market for the shares of Common
Stock on such date, the closing price of the shares as reported on such date on the principal national securities exchange or market on
which the shares are listed or, if no sales of shares have been reported on any national securities exchange or market, then the immediately
preceding date on which sales of the shares have been so reported or quoted, and (ii) if there is no public market for the shares of Common
Stock on such date, then the fair market value shall be determined by the Committee in good faith after taking into consideration
all factors which it deems appropriate, including, without limitation, Sections 409A and 422 of the Code.

 

    6

     

    

 

2.26
“Fiscal Year” means the Company’s fiscal year.

 

2.27
“Free Standing Rights” has the meaning set forth in Section 7.

 

2.28
“Good Reason” means (a) if an Employee is a party to an employment with the Company or its Affiliates and such
agreement provides for a definition of Good Reason, the definition contained therein; (b) if no such employment agreement exists or if
such agreement does not define Good Reason, the definition provided in the Award Agreement; and (c) if such agreement does not define
Good Reason, then such term shall mean the occurrence of one (1) or more of the following without the Participant’s express written
consent, which circumstances are not remedied by the Company within thirty (30) days of its receipt of a written notice from the Participant
describing the applicable circumstances (which notice must be provided by the Participant within ninety (90) days of the Participant’s
knowledge of the applicable circumstances): (i) a material reduction in the Participant’s base salary; or (ii) any material, adverse
change in the Participant’s duties, responsibilities, authority or reporting structure.

 

2.29
“Grant Date” means the date on which the Committee adopts a resolution, or takes other appropriate action, expressly
granting an Award to a Participant that specifies the key terms and conditions of the Award or, if a later date is set forth in such resolution,
then such date as is set forth in such resolution.

 

2.30
“Incentive Stock Option” means an Option that is designated by the Committee as an incentive stock option within
the meaning of Section 422 of the Code and that meets the requirements set out in the Plan.

 

2.31
“Non-Employee Director” means a Director who is a “non-employee director” within the meaning of
Rule 16b-3.

 

2.32
“Non-Qualified Stock Option” means an Option that by its terms does not qualify or is not intended to qualify
as an Incentive Stock Option.

 

2.33
“Officer” means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act
and the rules and regulations promulgated thereunder.

 

    7

     

    

 

2.34
“Option” means an Incentive Stock Option or a Non-Qualified Stock Option granted pursuant to the Plan.

 

2.35
“Optionholder” means a person to whom an Option is granted pursuant to the Plan or, if applicable, such other
person who holds an outstanding Option.

 

2.36
“Option Exercise Price” means the price at which a share of Common Stock may be purchased upon the exercise
of an Option.

 

2.37
“Other Equity-Based Award” means an Award that is not an Option, Stock Appreciation Right, Restricted Stock,
Restricted Stock Unit or Performance Share Award that is granted under Section 10 and is payable by delivery of Common Stock and/or which
is measured by reference to the value of Common Stock.

 

2.38
“Participant” means an Eligible Award Recipient to whom an Award is granted pursuant to the Plan or, if applicable,
such other person who holds an outstanding Award.

 

2.39
“Performance Goals” means, for a Performance Period, the one (1) or more goals established by the Committee
for the Performance Period based upon specified criteria, other than the mere continuation of employment or the mere passage of time,
the satisfaction of which is a condition for the grant, exercisability, vesting or settlement of an Award. Performance Goals may include,
but are not limited to, measures of performance that relate to any (or any combination) of the following (measured either absolutely or
by reference to an index or indices and determined either on a consolidated basis or, as the context permits, on a divisional, subsidiary,
line of business, project or geographical basis or in combinations thereof): (a) sales; (b) revenues; (c) assets; (d) expenses; (e) operating
income; (f) earnings before or after deduction for all or any portion of interest, taxes, depreciation, or amortization, whether or not
on a continuing operations or an aggregate or per share basis; (g) earnings or earnings per share; (h) return on equity, investment, capital
or assets; (i) one (1) or more operating ratios; (j) borrowing levels, leverage ratios, or credit rating; (k) market share; (l) capital
expenditures; (m) working capital; (n) cash; (o) cash flow; (p) accounts receivable; (q) write-offs; (r) intellectual property (e.g.,
patents); (s) manufacturing, production, and inventory; (t) stock price; (u) stockholder return; (v) sales of particular products or services;
(w) customer acquisition or retention; (x) operations; (y) product development or product launches; (z) acquisitions and divestitures
(in whole or in part); (aa) joint ventures and strategic
alliances; (bb) spin-offs, split-ups and the like; (cc) reorganizations; or (dd) recapitalizations, restructurings, financings (issuance
of debt or equity) or re-financings. A Performance Goal and any targets with respect thereto determined by the Committee need not be based
upon an increase, a positive, or improved result or avoidance of loss. The Committee may provide that one (1) or more of the Performance
Goals applicable to such Award will be adjusted in an objectively determinable manner to reflect events (for example, but without limitation,
acquisitions, or dispositions) occurring during the performance period that affect the applicable Performance Goal or Goals. Any criteria
used may be measured, as applicable, (i) in absolute terms, (ii) in relative terms (including but not limited to, the passage of time
and/or against other companies or financial metrics), (iii) on a per share and/or share per capita basis, (iv) against the performance
of the Company as a whole or against particular entities, segments, operating units or products of the Company and /or (v) on a pre-tax
or after tax basis. Awards may take into account any other factors deemed appropriate by the Committee.

 

    8

     

    

 

2.40
“Performance Period” means the one (1) or more periods of time, as the Committee may select, over which the
attainment of one (1) or more Performance Goals will be measured for the purpose of determining a Participant’s right to and the payment
of a Performance Share Award.

 

2.41
“Performance Share Award” means any Award granted pursuant to Section 9 hereof.

 

2.42
“Performance Share” means the grant of a right to receive a number of actual shares of Common Stock or share
units based upon the performance of the Company during a Performance Period, as determined by the Committee.

 

2.43
“Permitted Transferee” means: any of the following persons, trusts, foundations or entities: (i) a member of
the Optionholder’s immediate family (child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling,
niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships);
(ii) any person sharing the Optionholder’s household (other than a tenant or employee); (iii) a trust in which these persons have
more than fifty percent (50%) of the beneficial interest; (iv) a foundation in which these persons (or the Optionholder) control the management
of assets; and (v) any other entity in which these persons (or the Optionholder) own more than fifty percent (50%) of the voting interests.

 

    9

     

    

 

2.44
 “Person” means a person as defined in Section 13(d)(3) of the Exchange Act.

 

2.45
“Plan” means this Bespoke Extract, Inc. 2021 Equity Incentive Plan, as amended and/or amended and restated from
time to time.

 

2.46
“Related Rights” has the meaning set forth in Section 7.

 

2.47
“Restricted Award” means any Award granted pursuant to Section 8.

 

2.48
“Restricted Period” has the meaning set forth in Section 8.

 

2.49
“Restricted Stock” has the meaning set forth in Section 8.

 

2.50
“Restricted Stock Unit” has the meaning set forth in Section 8.

 

2.51
“Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor to Rule 16b-3, as in effect
from time to time.

 

2.52
“Securities Act” means the Securities Act of 1933, as amended.

 

2.53
“Stock Appreciation Right” means the right pursuant to an Award granted under Section 7 to receive, upon exercise,
an amount payable in cash or shares equal to the number of shares subject to the Stock Appreciation Right that is being exercised multiplied
by the excess of (a) the Fair Market Value of a share of Common Stock on the date the Award is exercised, over (b) the exercise price
specified in the Stock Appreciation Right Award Agreement.

 

2.54
“Stock for Stock Exchange” has the meaning set forth in Section 6.4.

 

2.55
“Substitute Award” has the meaning set forth in Section 4.6.

 

2.56
“Ten Percent Stockholder” means a person who owns (or is deemed to own pursuant to Section 424(d) of the Code)
stock possessing more than ten percent (10%) of the total combined voting power of
all classes of stock of the Company or of any of its Affiliates.

 

    10

     

    

 

2.57
“Total Share Reserve” has the meaning set forth in Section 4.1.

 

3.
Administration.

 

3.1
Authority of Committee. The Plan shall be administered by the Committee or, in the Board’s sole discretion,
by the Board. Subject to the terms of the Plan, the Committee’s charter and Applicable Laws, and in addition to other express powers
and authorization conferred by the Plan, the Committee shall have the authority:

 

(a)
to construe and interpret the Plan and apply its provisions;

 

(b)
to promulgate, amend, and rescind rules and regulations relating to the administration of the Plan;

 

(c)
to authorize any person to execute, on behalf of the Company, any instrument required to carry out the purposes of the Plan;

 

(d)
as described in Section 3.4, to delegate its authority to one (1) or more Officers of the Company with respect to Awards that do
not involve “insiders” within the meaning of Section 16 of the Exchange Act;

 

(e)
to determine when Awards are to be granted under the Plan and the applicable Grant Date;

 

(f)
from time to time to select, subject to the limitations set forth in this Plan, those eligible Award recipients to whom Awards
shall be granted;

 

(g)
to determine the number of shares of Common Stock to be made subject to each Award;

 

(h)
to determine whether each Option is to be an Incentive Stock Option or a Non-Qualified Stock Option;

 

(i)
to prescribe the terms and conditions of each Award, including, without limitation, the exercise price, medium of payment, vesting
provisions and to specify the provisions of the Award Agreement relating to such grant;

 

    11

     

    

 

(j)
 to determine the target number of Performance Shares to be granted pursuant to a Performance Share Award, the performance measures
that will be used to establish the Performance Goals, the Performance Period(s) and the number of Performance Shares earned by a Participant;

 

(k)  
to amend any outstanding Awards, including for the purpose of modifying the time or manner of vesting, or the term of any outstanding
Award; provided, however, that if any such amendment impairs a Participant’s rights or increases a Participant’s obligations
under his or her Award or creates or increases a Participant’s federal income tax liability with respect to an Award, such amendment
shall also be subject to the Participant’s consent;

 

(l)
to determine the duration and purpose of leaves of absences which may be granted to a Participant without constituting termination
of their employment for purposes of the Plan, which periods shall be no shorter than the periods generally applicable to Employees under
the Company’s employment policies;

 

(m)
to make decisions with respect to outstanding Awards that may become necessary upon a change in corporate control or an event that
triggers anti-dilution adjustments;

 

(n)
to interpret, administer, reconcile any inconsistency in, correct any defect in and/or supply any omission in the Plan and any
instrument or agreement relating to, or Award granted under, the Plan;

 

(o)
to exercise discretion to make any and all other determinations which it determines to be necessary or advisable for the administration
of the Plan; and

 

(p)
Unless such action is approved by the Company’s stockholders, the Committee may not (except as provided for under Section
14): (i) amend any outstanding Option or Stock Appreciation Right granted under the Plan to provide an exercise price per share that is
lower than the then-current exercise price per share of such outstanding Option or Stock Appreciation Right; (ii) cancel any outstanding
Option or Stock Appreciation Right (whether or not granted under the Plan) and grant in substitution therefor new Awards under the Plan
(other than Awards granted pursuant to Section 4.6) covering the same or a different number of shares of Common Stock and having an exercise
price or strike price per share lower than the then-current exercise price per share of the cancelled Option or Stock Appreciation Right; (iii) cancel in exchange
for a cash payment any outstanding Option or Stock Appreciation Right with an exercise price per share above the then-current fair market
value of the Common Stock (valued in the manner determined by or in the manner approved by the Board); or (iv) take any other action under
the Plan that constitutes a “repricing” within the meaning of the rules of The Nasdaq Stock Market, LLC.

 

    12

     

    

 

3.2
Committee Decisions Final. All decisions made by the Committee pursuant to the provisions of the Plan shall be final
and binding on the Company and the Participants, unless such decisions are determined by a court having jurisdiction to be arbitrary and
capricious.

 

3.3
Delegation. The Committee shall have the power to delegate to a subcommittee any of the administrative powers that
the Committee is authorized to exercise (and references in this Plan to the Board or the Committee shall thereafter be to the committee
or subcommittee); subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from
time to time by the Board. The Board may abolish the Committee, at any time, and revest in the Board the administration of the Plan. The
members of the Committee shall be appointed by and serve at the pleasure of the Board. From time to time, the Board may increase or decrease
the size of the Committee, add additional members to, remove members (with or without cause) from, appoint new members in substitution
therefor, and fill vacancies, however caused, in the Committee. The Committee shall act pursuant to a vote of the majority of its members,
whether present or not, or by the written consent of the majority of its members and minutes shall be kept of all of its meetings and
copies thereof shall be provided to the Board. Subject to the limitations prescribed by the Plan and the Board, the Committee may establish
and follow such rules and regulations for the conduct of its business as it may determine to be advisable.

 

3.4
Committee Composition. The Committee shall consist solely of three (3) or more Non-Employee Directors. The Board
shall have discretion to determine whether or not it intends to comply with the exemption requirements of Rule 16b-3. Within the scope
of such authority, the Board or the Committee may delegate to a committee of one (1) or more members of the Board who are Employee Directors
the authority to grant Awards to eligible persons who are not then subject to Section 16 of the Exchange Act. Further, within the scope
of such authority, the Board or the Committee may delegate to a committee of one (1) or more Officers of the Company with respect to Awards
that do not involve “insiders” within the meaning of Section 16 of the Exchange Act. Nothing herein shall create an inference
that an Award is not validly granted under the Plan in the event Awards are granted under the Plan by a compensation
committee of the Board that does not at all times consist solely of three (3) or more Non-Employee Directors.

 

    13

     

    

 

3.5
Indemnification. In addition to such other rights of indemnification as they may have as Directors or members of
the Committee, and to the extent allowed by Applicable Laws, the Committee shall be indemnified by the Company against the reasonable
expenses, including attorneys’ fees and costs, actually incurred in connection with any action, suit, or proceeding or in connection
with any appeal therein, to which the Committee may be party by reason of any action taken or failure to act under or in connection with
the Plan or any Award granted under the Plan, and against all amounts paid by the Committee in settlement thereof (provided, however,
that the settlement has been approved by the Company, which approval shall not be unreasonably withheld) or paid by the Committee in satisfaction
of a judgment in any such action, suit, or proceeding, except in relation to matters as to which it shall be adjudged in such action,
suit, or proceeding that such Committee did not act, in good faith and in a manner which such person reasonably believed to be in the
best interests of the Company, or in the case of a criminal proceeding, had no reason to believe that the conduct complained of was unlawful;
provided, however, that within 60 days after the institution of any such action, suit, or proceeding, such Committee shall, in
writing, offer the Company the opportunity at its own expense to handle and defend such action, suit, or proceeding.

 

4.
Shares Subject to the Plan.

 

4.1
Subject to adjustment in accordance with Section 14, no more than 300,000,000 shares of Common Stock shall be available for the
grant of Awards under the Plan (the “Total Share Reserve“).
During the terms of the Awards, the Company shall keep available at all times the number of shares of Common Stock required to satisfy
such Awards.

 

4.2
Shares of Common Stock available for distribution under the Plan may consist, in whole or in part, of authorized and unissued shares,
treasury shares, or shares reacquired by the Company in any manner.

 

4.3
Subject to adjustment in accordance with Section 14, no more than 300,000,000 shares of Common Stock may be issued in the aggregate
pursuant to the exercise of Incentive Stock Options (the “ISO Limit”).

 

4.4
The maximum number of shares of Common Stock subject to Awards granted during a single Fiscal Year to any Director, together with
any cash fees paid to such Director during the Fiscal Year
shall not exceed a total value of $500,000 (calculating the value of any Awards based on the grant date fair value for financial reporting
purposes).

 

    14

     

    

 

4.5
Any shares of Common Stock subject to an Award that expires or is canceled, forfeited, or terminated without issuance of the full
number of shares of Common Stock to which the Award related will again be available for issuance under the Plan. Notwithstanding anything
to the contrary contained herein, shares subject to an Award under the Plan shall not again be made available for issuance or delivery
under the Plan if such shares are (a) shares tendered in payment of an Option, (b) shares delivered or withheld by the Company to satisfy
any tax withholding obligation, or (c) shares covered by a stock-settled Stock Appreciation Right or other Awards that were not issued
upon the settlement of the Award.

 

4.6
Awards may, in the sole discretion of the Committee, be granted under the Plan in assumption of, or in substitution for, outstanding
awards previously granted by an entity acquired by the Company or with which the Company combines (“Substitute
Awards”). Substitute Awards shall not be counted against the Total Share Reserve; provided, that, Substitute Awards
issued in connection with the assumption of, or in substitution for, outstanding options intended to qualify as Incentive Stock Options
shall be counted against the ISO limit. Subject to applicable stock exchange requirements, available shares under a stockholder-approved
plan of an entity directly or indirectly acquired by the Company or with which the Company combines (as appropriately adjusted to reflect
such acquisition or transaction) may be used for Awards under the Plan and shall not count toward the Total Share Limit.

 

5.
Eligibility.

 

5.1
Eligibility for Specific Awards. Incentive Stock Options may be granted only to Employees. Awards other than Incentive
Stock Options may be granted to Employees, Consultants, and Directors and those individuals whom the Committee determines are reasonably
expected to become Employees, Consultants, and Directors following the Grant Date.

 

5.2
Ten Percent Stockholders. A Ten Percent Stockholder shall not be granted an Incentive Stock Option unless the Option
Exercise Price is at least one hundred ten percent (110%) of the Fair Market Value of the Common Stock on the Grant Date and the Option
is not exercisable after the expiration of five (5) years from the Grant Date.

 

    15

     

    

 

6.
 Option Provisions. Each Option granted under the Plan shall be evidenced by an Award Agreement. Each Option so granted
shall be subject to the conditions set forth in this Section 6, and to such other conditions not inconsistent with the Plan as may be
reflected in the applicable Award Agreement. All Options shall be separately designated Incentive Stock Options or Non-Qualified Stock
Options at the time of grant. Notwithstanding the foregoing, the Company shall have no liability to any Participant or any other person
if an Option designated as an Incentive Stock Option fails to qualify as such at any time or if an Option is determined to constitute
“nonqualified deferred compensation” within the meaning of Section 409A of the Code and the terms of such Option do not satisfy
the requirements of Section 409A of the Code. The provisions of separate Options need not be identical, but each Option shall include
(through incorporation of provisions hereof by reference in the Option or otherwise) the substance of each of the following provisions:

 

6.1
Term. Subject to the provisions of Section 5.2 regarding Ten Percent Stockholders, no Incentive Stock Option shall
be exercisable after the expiration of ten (10) years from the Grant Date. The term of a Non-Qualified Stock Option granted under the
Plan shall be determined by the Committee; provided, however, no Non-Qualified Stock Option shall be exercisable after the expiration
of ten (10) years from the Grant Date.

 

6.2
Exercise Price of an Incentive Stock Option. Subject to the provisions of Section 5.2 regarding Ten Percent Stockholders,
the Option Exercise Price of each Incentive Stock Option shall be not less than one hundred percent (100%) of the Fair Market Value of
the Common Stock subject to the Option on the Grant Date. Notwithstanding the foregoing, an Incentive Stock Option may be granted with
an Option Exercise Price lower than that set forth in the preceding sentence if such Option is granted pursuant to an assumption or substitution
for another option in a manner satisfying the provisions of Section 424(a) of the Code.

 

6.3
Exercise Price of a Non-Qualified Stock Option. The Option Exercise Price of each Non-Qualified Stock Option shall
be not less than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to the Option on the Grant Date. Notwithstanding
the foregoing, a Non-Qualified Stock Option may be granted with an Option Exercise Price lower than that set forth in the preceding sentence
if such Option is granted pursuant to an assumption or substitution for another option in a manner satisfying the provisions of Section
409A of the Code.

 

6.4
Consideration. The Option Exercise Price of Common Stock acquired pursuant to an Option shall be paid, to the extent
permitted by applicable statutes and regulations, either (a) in cash or by certified or bank check at the time the Option is exercised
or (b) in the discretion of the Committee, upon such terms as the Committee shall approve, including: (i) by delivery to
the Company of other Common Stock, duly endorsed for transfer to the Company, with a Fair Market Value on the date of delivery equal to
the Option Exercise Price (or portion thereof) due for the number of shares being acquired, or by means of attestation whereby the Participant
identifies for delivery specific shares of Common Stock that have an aggregate Fair Market Value on the date of attestation equal to the
Option Exercise Price (or portion thereof) and receives a number of shares of Common Stock equal to the difference between the number
of shares thereby purchased and the number of identified attestation shares of Common Stock (a “Stock for Stock Exchange”);
(ii) a “cashless” exercise program established with a broker; (iii) by reduction in the number of shares of Common Stock otherwise
deliverable upon exercise of such Option with a Fair Market Value equal to the aggregate Option Exercise Price at the time of exercise;
(iv) by any combination of the foregoing methods; or (v) in any other form of legal consideration that may be acceptable to the Committee.
Unless otherwise specifically provided in the Option, the exercise price of Common Stock acquired pursuant to an Option that is paid by
delivery (or attestation) to the Company of other Common Stock acquired, directly or indirectly from the Company, shall be paid only by
shares of the Common Stock of the Company that have been held for more than six (6) months (or such longer or shorter period of time required
to avoid a charge to earnings for financial accounting purposes). Notwithstanding the foregoing, an exercise by a Director or Officer
that involves or may involve a direct or indirect extension of credit or arrangement of an extension of credit by the Company, directly
or indirectly, in violation of Section 402(a) of the Sarbanes-Oxley Act of 2002 shall be prohibited with respect to any Award under this
Plan.

 

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6.5
Transferability of an Incentive Stock Option. An Incentive Stock Option shall not be transferable except by will
or by the laws of descent and distribution, and shall be exercisable during the lifetime of the Optionholder only by the Optionholder.
Notwithstanding the foregoing, the Optionholder may, by delivering written notice to the Company, in a form satisfactory to the Company,
designate a third party who, in the event of the death of the Optionholder, shall thereafter be entitled to exercise the Option.

 

6.6
Transferability of a Non-Qualified Stock Option. A Non-Qualified Stock Option may, in the sole discretion of the
Committee, be transferable to a Permitted Transferee, upon written approval by the Committee to the extent provided in the Award Agreement.
If the Non-Qualified Stock Option does not provide for transferability, then the Non-Qualified Stock Option shall not be transferable
except by will or by the laws of descent and distribution and shall be exercisable during the lifetime of the Optionholder only by the
Optionholder. Notwithstanding the foregoing, the Optionholder may, by delivering written notice to the Company, in a form satisfactory
to the Company, designate a third party who, in the event of the death of the Optionholder, shall thereafter be entitled to exercise the
Option.

 

6.7
 Vesting of Options. Each Option may, but need not, vest
and therefore become exercisable in periodic installments that may, but need not, be equal. The Option may be subject to such other terms
and conditions on the time or times when it may be exercised (which may be based on performance or other criteria) as the Committee may
deem appropriate. The vesting provisions of individual Options may vary. No Option may be exercised for a fraction of a share of Common
Stock. The Committee may, but shall not be required to, provide for an acceleration of vesting and exercisability in the terms of any
Award Agreement upon the occurrence of a specified event.

 

6.8
Termination of Continuous Service. Unless otherwise provided in an Award Agreement or in an employment or service
agreement the terms of which have been approved by the Committee, in the event an Optionholder’s Continuous Service terminates (other
than upon the Optionholder’s death or Disability), the Optionholder may exercise his or her Option (to the extent that the Optionholder
was entitled to exercise such Option as of the date of termination), but only within such period of time ending on the earlier of (a)
the date which is ninety (90) days following the termination of the Optionholder’s Continuous Service or (b) the expiration of the
term of the Option as set forth in the Award Agreement; provided that, if the termination of Continuous Service is by the Company
for Cause, all outstanding Options (whether or not vested) shall immediately terminate and cease to be exercisable. If, after termination,
the Optionholder does not exercise his or her Option within the time specified in the Award Agreement, the Option shall terminate.

 

6.9
Extension of Termination Date. An Optionholder’s Award Agreement may also provide that if the exercise of the
Option following the termination of the Optionholder’s Continuous Service for any reason would be prohibited at any time because
the issuance of shares of Common Stock would violate the registration requirements under the Securities Act or any other state or federal
securities law or the rules of any securities exchange or interdealer quotation system, then the Option shall terminate on the earlier
of (a) the expiration of the term of the Option in accordance with Section 6.1. or (b) the expiration of a period after termination of
the Participant’s Continuous Service that is ninety (90) days after the end of the period during which the exercise of the Option
would be in violation of such registration or other securities law requirements.

 

6.10
Disability of Optionholder. Unless otherwise provided in an Award Agreement, in the event that an Optionholder’s
Continuous Service terminates as a result of the Optionholder’s Disability, the Optionholder may exercise his or her Option (to
the extent that the Optionholder was entitled to exercise such Option as of the date of termination), but only within such period of time
ending on the earlier of (a) the date twelve (12) months following such termination or (b) the expiration of the term of the Option as
set forth in the Award Agreement. If, after termination, the Optionholder does not exercise his or her Option within the time specified
herein or in the Award Agreement, the Option shall terminate.

 

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6.11
Death of Optionholder. Unless otherwise provided in an Award Agreement, in the event an Optionholder’s Continuous
Service terminates as a result of the Optionholder’s death, then the Option may be exercised (to the extent the Optionholder was
entitled to exercise such Option as of the date of death) by the Optionholder’s estate, by a person who acquired the right to exercise
the Option by bequest or inheritance or by a person designated to exercise the Option upon the Optionholder’s death, but only within
the period ending on the earlier of (a) the date twelve (12) months following the date of death or (b) the expiration of the term of such
Option as set forth in the Award Agreement. If, after the Optionholder’s death, the Option is not exercised within the time specified
herein or in the Award Agreement, the Option shall terminate.

 

6.12
Incentive Stock Option $100,000 Limitation. To the extent that the aggregate Fair Market Value (determined at the
time of grant) of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by any Optionholder during
any calendar year (under all plans of the Company and its Affiliates) exceeds One Hundred Thousand Dollars ($100,000), the Options or
portions thereof which exceed such limit (according to the order in which they were granted) shall be treated as Non-Qualified Stock Options.

 

7.
Stock Appreciation Rights. Each
Stock Appreciation Right granted under the Plan shall be evidenced by an Award Agreement. Each Stock Appreciation Right so granted shall
be subject to the conditions set forth in this Section 7, and to such other conditions not inconsistent with the Plan as may be reflected
in the applicable Award Agreement. Stock Appreciation Rights may be granted alone (“Free Standing Rights”) or in tandem
with an Option granted under the Plan (“Related Rights”).

 

7.1
Grant Requirements for Related Rights. Any Related Right that relates to a Non-Qualified Stock Option may be granted
at the same time the Option is granted or at any time thereafter, but before the exercise or expiration of the Option. Any Related Right
that relates to an Incentive Stock Option must be granted at the same time the Incentive Stock Option is granted.

 

7.2
Term. The term of a Stock Appreciation Right granted under
the Plan shall be determined by the Committee; provided, however, no Stock Appreciation Right shall be exercisable later than the
tenth (10th) anniversary of the Grant Date.

 

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7.3
 Vesting. Each Stock Appreciation Right may, but need not,
vest and therefore become exercisable in periodic installments that may, but need not, be equal. The Stock Appreciation Right may be subject
to such other terms and conditions on the time or times when it may be exercised as the Committee may deem appropriate. The vesting provisions
of individual Stock Appreciation Rights may vary. No Stock Appreciation Right may be exercised for a fraction of a share of Common Stock.
The Committee may, but shall not be required to, provide for an acceleration of vesting and exercisability in the terms of any Stock Appreciation
Right upon the occurrence of a specified event.

 

7.4
Exercise and Payment. Upon exercise of a Stock Appreciation
Right, the holder shall be entitled to receive from the Company an amount equal to the number of shares of Common Stock subject to the
Stock Appreciation Right that is being exercised multiplied by the excess of (i) the Fair Market Value of a share of Common Stock on the
date the Award is exercised, over (ii) the exercise price specified in the Stock Appreciation Right or related Option. Payment with respect
to the exercise of a Stock Appreciation Right shall be made on the date of exercise. Payment shall be made in the form of shares of Common
Stock (with or without restrictions as to substantial risk of forfeiture and transferability, as determined by the Committee in its sole
discretion), cash or a combination thereof, as determined by the Committee.

 

7.5
Exercise Price The exercise price of a Free Standing Right
shall be determined by the Committee, but shall not be less than one hundred percent (100%) of the Fair Market Value of one (1) share
of Common Stock on the Grant Date of such Stock Appreciation Right. A Related Right granted simultaneously with or subsequent to the grant
of an Option and in conjunction therewith or in the alternative thereto shall have the same exercise price as the related Option, shall
be transferable only upon the same terms and conditions as the related Option, and shall be exercisable only to the same extent as the
related Option; provided, however, that a Stock Appreciation Right, by its terms, shall be exercisable only when the Fair Market
Value per share of Common Stock subject to the Stock Appreciation Right and related Option exceeds the exercise price per share thereof
and no Stock Appreciation Rights may be granted in tandem with an Option unless the Committee determines that the requirements of Section
7.1 are satisfied.

 

7.6
Reduction in the Underlying Option Shares. Upon any exercise
of a Related Right, the number of shares of Common Stock for which any related Option shall be exercisable shall be reduced by the number
of shares for which the Stock Appreciation Right has been exercised. The number of shares of Common Stock for which a Related Right shall
be exercisable shall be reduced upon any exercise of any related Option by the number of shares of Common Stock for which such Option
has been exercised.

 

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8.
 Restricted Awards.
A Restricted Award is an Award of actual shares of Common Stock (“Restricted Stock”) or hypothetical Common Stock units
(“Restricted Stock Units”) having a value equal to the Fair Market Value of an identical number of shares of Common
Stock, which may, but need not, provide that such Restricted Award may not be sold, assigned, transferred or otherwise disposed of, pledged,
or hypothecated as collateral for a loan or as security for the performance of any obligation or for any other purpose for such period
(the “Restricted Period”) as the Committee shall determine. Each Restricted Award granted under the Plan shall be evidenced
by an Award Agreement. Each Restricted Award so granted shall be subject to the conditions set forth in this Section 8, and to such other
conditions not inconsistent with the Plan as may be reflected in the applicable Award Agreement.

 

8.1
Restricted Stock and Restricted Stock Units.

 

(a)
Each Participant granted Restricted Stock shall execute and deliver to the Company an Award Agreement with respect to the Restricted
Stock setting forth the restrictions and other terms and conditions applicable to such Restricted Stock. If a Participant fails to execute
an agreement evidencing an Award of Restricted Stock, the Award shall be null and void. Subject to the restrictions set forth in the Award,
the Participant generally shall have the rights and privileges of a stockholder as to such Restricted Stock, including the right to vote
such Restricted Stock and the right to receive dividends; provided that, any cash dividends and stock dividends with respect to
the Restricted Stock shall be withheld by the Company for the Participant’s account, and interest may be credited on the amount
of the cash dividends withheld at a rate and subject to such terms as determined by the Committee. The cash dividends or stock dividends
so withheld by the Committee and attributable to any particular share of Restricted Stock (and earnings thereon, if applicable) shall
be distributed to the Participant in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value
equal to the amount of such dividends, if applicable, upon the release of restrictions on such share and, if such share is forfeited,
the Participant shall have no right to such dividends.

 

(b)
The terms and conditions of a grant of Restricted Stock Units shall be reflected in an Award Agreement. No shares of Common Stock
shall be issued at the time a Restricted Stock Unit is granted, and the Company will not be required to set aside funds for the payment
of any such Award. A Participant shall have no voting rights with respect to any Restricted Stock Units granted hereunder. The Committee
may also grant Restricted Stock Units with a deferral feature, whereby settlement is deferred beyond the vesting date until the occurrence
of a future payment date or event set forth in an Award Agreement (“Deferred Stock Units”). At the discretion of the Committee, each
Restricted Stock Unit or Deferred Stock Unit (representing one (1) share of Common Stock) may be credited with an amount equal to the
cash and stock dividends paid by the Company in respect of one share of Common Stock (“Dividend Equivalents”). Dividend
Equivalents shall be withheld by the Company and credited to the Participant’s account, and interest may be credited on the amount
of cash Dividend Equivalents credited to the Participant’s account at a rate and subject to such terms as determined by the Committee.
Dividend Equivalents credited to a Participant’s account and attributable to any particular Restricted Stock Unit or Deferred Stock
Unit (and earnings thereon, if applicable) shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock
having a Fair Market Value equal to the amount of such Dividend Equivalents and earnings, if applicable, to the Participant upon settlement
of such Restricted Stock Unit or Deferred Stock Unit and, if such Restricted Stock Unit or Deferred Stock Unit is forfeited, the Participant
shall have no right to such Dividend Equivalents.

 

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8.2
Restrictions.

 

(a)
Restricted Stock awarded to a Participant shall be subject to the following restrictions until the expiration of the Restricted
Period, and to such other terms and conditions as may be set forth in the applicable Award Agreement: (i) the shares shall be subject
to the restrictions on transferability set forth in the Award Agreement; (ii) the shares shall be subject to forfeiture to the extent
provided in the applicable Award Agreement; and (iii) to the extent such shares are forfeited, the stock certificates shall be returned
to the Company, and all rights of the Participant to such shares and as a stockholder with respect to such shares shall terminate without
further obligation on the part of the Company.

 

(b)
Restricted Stock Units and Deferred Stock Units awarded to any Participant shall be subject to (i) forfeiture until the expiration
of the Restricted Period, and satisfaction of any applicable Performance Goals during such period, to the extent provided in the applicable
Award Agreement, and to the extent such Restricted Stock Units or Deferred Stock Units are forfeited, all rights of the Participant to
such Restricted Stock Units or Deferred Stock Units shall terminate without further obligation on the part of the Company and (ii) such
other terms and conditions as may be set forth in the applicable Award Agreement.

 

(c)
The Committee shall have the authority to remove any or all of the restrictions on the Restricted Stock, Restricted Stock Units,
and Deferred Stock Units whenever it may determine that, by reason of changes in Applicable Laws or other changes in circumstances arising
after the date the Restricted Stock, Restricted Stock Units, or Deferred Stock Units are granted, such action is appropriate.

 

8.3
Restricted Period. With respect to Restricted Awards, the
Restricted Period shall commence on the Grant Date and end at the time or times set forth on a schedule established by the Committee in
the applicable Award Agreement. No Restricted Award may be granted or settled for a fraction of a share of Common Stock. The Committee
may, but shall not be required to, provide for an acceleration of vesting in the terms of any Award Agreement upon the occurrence of a
specified event.

 

8.4
Delivery of Restricted Stock and Settlement of Restricted Stock Units
Upon the expiration of the Restricted Period with respect to any shares of Restricted Stock, the restrictions set forth in Section 8.2
and the applicable Award Agreement shall be of no further force or effect with respect to such shares, except as set forth in the applicable
Award Agreement. Upon the expiration of the Restricted Period with respect to any outstanding Restricted Stock Units, or at the expiration
of the deferral period with respect to any outstanding Deferred Stock Units, the Company shall deliver to the Participant, or his or her
beneficiary, without charge, one share of Common Stock for each such outstanding vested Restricted Stock Unit or Deferred Stock Unit (“Vested
Unit”) and cash equal to any Dividend Equivalents credited with respect to each such Vested Unit in accordance with Section
8.1(b) hereof and the interest thereon or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal
to such Dividend Equivalents and the interest thereon, if any; provided, however, that, if explicitly provided in the applicable
Award Agreement, the Committee may, in its sole discretion, elect to pay cash or part cash and part Common Stock in lieu of delivering
only shares of Common Stock for Vested Units. If a cash payment is made in lieu of delivering shares of Common Stock, the amount of such
payment shall be equal to the Fair Market Value of the Common Stock as of the date on which the Restricted Period lapsed in the case of
Restricted Stock Units, or the delivery date in the case of Deferred Stock Units, with respect to each Vested Unit.

 

8.5
Stock Restrictions. Each certificate representing Restricted
Stock awarded under the Plan shall bear a legend in such form as the Company deems appropriate.

 

9.
Performance Share Awards Each Performance
Share Award granted under the Plan shall be evidenced by an Award Agreement. Each Performance Share Award so granted shall be subject
to the conditions set forth in this Section 9, and to such other conditions not inconsistent with the Plan as may be reflected in the
applicable Award Agreement. The Committee shall have the discretion to determine: (i) the number of shares of Common Stock or stock-denominated
units subject to a Performance Share Award granted to
any Participant; (ii) the Performance Period applicable to any Award; (iii) the Performance Goals that must be satisfied for a Participant
to earn an Award; and (iv) the other terms, conditions, and restrictions of the Award.

 

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9.1
Earning Performance Share Awards. The number of Performance
Shares earned by a Participant will depend on the extent to which the Performance Goals established by the Committee are attained within
the applicable Performance Period, as determined by the Committee.

 

10.
Other Equity-Based Awards. The Committee may grant Other Equity-Based
Awards, either alone or in tandem with other Awards, in such amounts and subject to such conditions as the Committee shall determine in
its sole discretion. Each Equity-Based Award shall be evidenced by an Award Agreement and shall be subject to such conditions, not inconsistent
with the Plan, as may be reflected in the applicable Award Agreement.

 

11.
Securities Law Compliance. Each Award Agreement shall provide
that no shares of Common Stock shall be purchased or sold thereunder unless and until (a) any then applicable requirements of state or
federal laws and regulatory agencies have been fully complied with to the satisfaction of the Company and its counsel and (b) if required
to do so by the Company, the Participant has executed and delivered to the Company a letter of investment intent in such form and containing
such provisions as the Committee may require. The Company shall use reasonable efforts to seek to obtain from each regulatory commission
or agency having jurisdiction over the Plan such authority as may be required to grant Awards and to issue and sell shares of Common Stock
upon exercise of the Awards; provided, however, that this undertaking shall not require the Company to register under the Securities
Act the Plan, any Award or any Common Stock issued or issuable pursuant to any such Award. If, after reasonable efforts, the Company is
unable to obtain from any such regulatory commission or agency the authority which counsel for the Company deems necessary for the lawful
issuance and sale of Common Stock under the Plan, the Company shall be relieved from any liability for failure to issue and sell Common
Stock upon exercise of such Awards unless and until such authority is obtained.

 

12.
Use of Proceeds from Stock. Proceeds from the sale of Common Stock pursuant
to Awards, or upon exercise thereof, shall constitute general funds of the Company.

 

13.
Miscellaneous.

 

13.1
Acceleration of Exercisability and Vesting. The Committee
shall have the power to accelerate the time at which an Award may first be exercised or the time during which an Award or any part thereof will
vest in accordance with the Plan, notwithstanding the provisions in the Award stating the time at which it may first be exercised or the
time during which it will vest.

 

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13.2
Stockholder Rights. Except as provided in the Plan or an Award Agreement, no Participant shall be deemed to be the
holder of, or to have any of the rights of a holder with respect to, any shares of Common Stock subject to such Award unless and until
such Participant has satisfied all requirements for exercise of the Award pursuant to its terms and no adjustment shall be made for dividends
(ordinary or extraordinary, whether in cash, securities, or other property) or distributions of other rights for which the record date
is prior to the date such Common Stock certificate is issued, except as provided in Section 14 hereof.

 

13.3
No Employment or Other Service Rights. Nothing in the Plan or any instrument executed or Award granted pursuant thereto
shall confer upon any Participant any right to continue to serve the Company or an Affiliate in the capacity in effect at the time the
Award was granted or shall affect the right of the Company or an Affiliate to terminate (a) the employment of an Employee with or without
notice and with or without Cause or (b) the service of a Director pursuant to the bylaws of the Company, and any applicable provisions
of Nevada corporate law.

 

13.4
Transfer; Approved Leave of Absence. For purposes of the Plan, no termination of employment by an Employee shall
be deemed to result from either (a) the transfer of employment to the Company from an Affiliate or from the Company to an Affiliate, or
from one (1) Affiliate to another, or (b) an approved leave of absence for military service or sickness, or for any other purpose approved
by the Company, if the Employee’s right to reemployment is guaranteed either by a statute or by contract or under the policy pursuant
to which the leave of absence was granted or if the Committee otherwise so provides in writing, in either case, except to the extent inconsistent
with Section 409A of the Code if the applicable Award is subject thereto.

 

13.5
Withholding Obligations. The Committee, in its sole and absolute discretion and pursuant to such procedures as it
may specify from time to time, may permit a Participant to satisfy tax withholding obligations, in whole or in part, by such methods as
the Committee shall determine, including, without limitation (a) paying cash, (b) electing to have the Company withhold otherwise deliverable
shares having a Fair Market Value equal to the minimum statutory amount required to be withheld or such greater amount as the Committee
may determine if such amount would not have adverse accounting consequences, as the Committee determines in its sole discretion, (c) delivering
to the Company already-owned shares having a Fair Market Value equal to the minimum statutory amount required to be withheld
or such greater amount as the Committee may determine, in each case, provided the delivery of such shares will not result in any adverse
accounting consequences, as the Committee determines in its sole discretion, (iv) selling a sufficient number of shares otherwise deliverable
to the Participant through such means as the Committee may determine in its sole discretion (whether through a broker or otherwise) equal
to the amount required to be withheld, (v) such other consideration and method of payment for the meeting of tax withholding obligations
as the Committee may determine to the extent permitted by Applicable Laws, or (vi) any combination of the foregoing methods of payment.
The amount of the withholding obligation will be deemed to include any amount which the Committee agrees may be withheld at the time the
election is made, not to exceed the amount determined by using the maximum federal, state, or local marginal income tax rates applicable
to the Participant with respect to the Award on the date that the amount of tax to be withheld is to be determined or such greater amount
as the Committee may determine if such amount would not have adverse accounting consequences, as the Committee determines in its sole
discretion. The Fair Market Value of the shares to be withheld or delivered will be determined as of the date that the taxes are required
to be withheld.

 

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14.
Adjustments Upon Changes in Stock. In the event of changes in the outstanding
Common Stock or in the capital structure of the Company by reason of any stock or extraordinary cash dividend, stock split, reverse stock
split, an extraordinary corporate transaction such as any recapitalization, reorganization, merger, consolidation, combination, exchange,
or other relevant change in capitalization occurring after the Grant Date of any Award, Awards granted under the Plan and any Award Agreements,
the exercise price of Options and Stock Appreciation Rights, the Performance Goals to which Performance Share Awards and Cash Awards are
subject, the maximum number of shares of Common Stock subject to all Awards stated in Section 4 (i.e., the Total Share Reserve and ISO
Limit) will be equitably adjusted or substituted, as to the number, price or kind of a share of Common Stock or other consideration subject
to such Awards to the extent necessary to preserve the economic intent of such Award. In the case of adjustments made pursuant to this
Section 14, unless the Committee specifically determines that such adjustment is in the best interests of the Company, the Committee shall,
in the case of Incentive Stock Options, ensure that any adjustments under this Section 14 will not constitute a modification, extension
or renewal of the Incentive Stock Options within the meaning of Section 424(h)(3) of the Code and in the case of Non-Qualified Stock Options,
ensure that any adjustments under this Section 14 will not constitute a modification of such Non-Qualified Stock Options within the meaning
of Section 409A of the Code. Any adjustments made under this Section 14 shall be made in a manner which does not adversely affect the
exemption provided pursuant to Rule 16b-3 under the Exchange Act. The Company shall give each Participant notice of an adjustment hereunder
and, upon notice, such adjustment shall be conclusive and binding for all purposes.

 

15.
 Effect of Change in Control.

 

15.1
Unless otherwise provided in an Award Agreement, notwithstanding any provision of the Plan to the contrary:

 

(a)  
In the event of a Participant’s termination of Continuous Service without Cause or for Good Reason during the twelve (12)
month period following a Change in Control, all outstanding Options and Stock Appreciation Rights shall become immediately exercisable
with respect to one hundred percent (100%) of the shares subject to such Options or Stock Appreciation Rights, and/or the Restricted Period
shall expire immediately with respect to one hundred percent (100%) of the outstanding shares of Restricted Stock or Restricted Stock
Units as of the date of the Participant’s termination of Continuous Service.

 

(b)  
With respect to Performance Share Awards and Cash Awards, in the event of a Change in Control, all incomplete Performance Periods
in respect of such Awards in effect on the date the Change in Control occurs shall end on the date of such change and the Committee shall
(i) determine the extent to which Performance Goals with respect to each such Performance Period have been met based upon such audited
or unaudited financial information then available as it deems relevant and (ii) cause to be paid to the applicable Participant partial
or full Awards with respect to Performance Goals for each such Performance Period based upon the Committee’s determination of the
degree of attainment of Performance Goals or, if not determinable, assuming that the applicable “target” levels of performance
have been attained, or on such other basis determined by the Committee.

 

15.2
In addition, in the event of a Change in Control, the Committee may in its discretion and upon at least ten (10) days’ advance
notice to the affected persons, cancel any outstanding Awards and pay to the holders thereof, in cash or stock, or any combination thereof,
the value of such Awards based upon the price per share of Common Stock received or to be received by other stockholders of the Company
in the event over the aggregate exercise price or strike price thereof. In the case of any Option or Stock Appreciation Right with an
exercise price or strike price that equals or exceeds the price paid for a share of Common Stock in connection with the Change in Control,
the Committee may cancel the Option or Stock Appreciation Right without the payment of consideration therefor.

 

15.3
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 all or substantially all
of the assets and business of the Company and its Affiliates, taken as a whole.

 

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16.
Amendment of the Plan and Awards.

 

16.1
Amendment of Plan. The Board at any time, and from time
to time, may amend, in whole or in part, any or all provisions of the Plan (including any amendment deemed necessary to ensure that the
Company may comply with any regulatory requirements referred to in Section 422 or Section 409A of the Code), or suspend or terminate it
entirely; provided, however, that (except as provided in Section 14 relating to adjustments upon changes in Common Stock
and Section 16.3) without the approval of the Company’s stockholders entitled to vote in accordance with Applicable Laws, no amendment
may be made that would (a) increase the aggregate number of shares of Common Stock that may be issued under the Plan, (b) change the classification
of individuals eligible to receive Awards under the Plan, (c) decrease the minimum Option price of any Option or Stock Appreciation Right,
(d) extend the maximum Option exercise period, (e) alter the Performance Goals for Restricted Stock, Performance Share Awards or Other
Stock-Based Awards, (f) award any Option or Stock Appreciation Right in replacement of a canceled Option or Stock Appreciation Right with
a higher exercise price than the replacement award, or (g) in no event may the Plan be amended without the approval of the stockholders
of the Company in accordance with the laws of the State of Nevada to increase the aggregate number of shares of Common Stock that may
be issued under the Plan, decrease the minimum exercise price of any Award, or to make any other amendment that would require stockholder
approval under Financial Industry Regulatory Authority (“FINRA”) rules and regulations or the rules of any exchange or system
on which the Company’s securities are listed or traded at the request of the Company. At the
time of such amendment, the Board shall determine, upon advice from counsel, whether such amendment will be contingent on stockholder
approval.

 

16.2
Stockholder Approval. The Board may, in its sole discretion, submit any other amendment to the Plan for stockholder
approval.

 

16.3
Contemplated Amendments. It is expressly contemplated that the Board may amend the Plan in any respect the Board
deems necessary or advisable to provide eligible Employees, Consultants and Directors with the maximum benefits provided or to be provided
under the provisions of the Code and the regulations promulgated thereunder relating to Incentive Stock Options or to the nonqualified
deferred compensation provisions of Section 409A of the Code and/or to bring the Plan and/or Awards granted under it into compliance therewith.

 

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16.4
 No Impairment of Rights. Rights under any Award granted before amendment of the Plan shall not be impaired by any
amendment of the Plan unless (a) the Company requests the consent of the Participant and (b) the Participant consents in writing.

 

16.5
Amendment of Awards. The Committee at any time, and from time to time, may amend the terms of any one or more Awards;
provided, however, that the Committee may not affect any amendment which would otherwise constitute an impairment of the rights
under any Award unless (a) the Company requests the consent of the Participant and (b) the Participant consents in writing; provided,
further, however, that the Committee may not affect any amendment which would otherwise constitute a repricing without stockholder
approval.

 

17.
General Provisions.

 

17.1
Forfeiture Events. The Committee may specify in an Award Agreement that the Participant’s rights, payments,
and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain
events, in addition to applicable vesting conditions of an Award. Such events may include, without limitation, breach of non-competition,
non-solicitation, confidentiality, or other restrictive covenants that are contained in the Award Agreement or otherwise applicable to
the Participant, a termination of the Participant’s Continuous Service for Cause, or other conduct by the Participant that is detrimental
to the business or reputation of the Company and/or its Affiliates.

 

17.2
Clawback. Notwithstanding any other provisions in this Plan, the Company may cancel any Award, require reimbursement
of any Award by a Participant, and effect any other right of recoupment of equity or other compensation provided under the Plan in accordance
with any Company policies that may be adopted and/or modified from time to time or Applicable Laws (“Clawback Policy”).
In addition, a Participant may be required to repay to the Company previously paid compensation, whether provided pursuant to the Plan
or an Award Agreement, in accordance with the Clawback Policy. By accepting an Award, the Participant is agreeing to be bound by the Clawback
Policy, as in effect or as may be adopted and/or modified from time to time by the Company in its discretion (including, without limitation,
to comply with applicable law or stock exchange listing requirements).

 

17.3
Other Compensation Arrangements. Nothing contained in this Plan shall prevent the Board from adopting other or additional
compensation arrangements, subject to stockholder approval if such approval
is required; and such arrangements may be either generally applicable or applicable only in specific cases.

 

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17.4
Sub-Plans. The Committee may from time to time establish sub-plans under the Plan for purposes of satisfying securities,
tax or other laws of various jurisdictions in which the Company intends to grant Awards. Any sub-plans shall contain such limitations
and other terms and conditions as the Committee determines are necessary or desirable. All sub-plans shall be deemed a part of the Plan,
but each sub-plan shall apply only to the Participants in the jurisdiction for which the sub-plan was designed.

 

17.5
Deferral of Awards. The Committee may establish one or more programs under the Plan to permit selected Participants
the opportunity to elect to defer receipt of consideration upon exercise of an Award, satisfaction of performance criteria, or other event
that absent the election would entitle the Participant to payment or receipt of shares of Common Stock or other consideration under an
Award. The Committee may establish the election procedures, the timing of such elections, the mechanisms for payments of, and accrual
of interest or other earnings, if any, on amounts, shares or other consideration so deferred, and such other terms, conditions, rules
and procedures that the Committee deems advisable for the administration of any such deferral program.

 

17.6
Unfunded Plan. The Plan shall be unfunded. Neither the Company, the Board nor the Committee shall be required to
establish any special or separate fund or to segregate any assets to assure the performance of its obligations under the Plan.

 

17.7
Recapitalizations. Each Award Agreement shall contain provisions required to reflect the provisions of Section 14.

 

17.8
Delivery. Upon exercise of a right granted under this Plan, the Company shall issue Common Stock or pay any amounts
due within a reasonable period of time thereafter. Subject to any statutory or regulatory obligations the Company may otherwise have,
for purposes of this Plan, thirty (30) days shall be considered a reasonable period of time.

 

17.9
No Fractional Shares. No fractional shares of Common Stock shall be issued or delivered pursuant to the Plan. The
Committee shall determine whether cash, additional Awards or other securities or property shall be issued or paid in lieu of fractional
shares of Common Stock or whether any fractional shares should be rounded, forfeited or otherwise eliminated.

 

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17.10
 Other Provisions. The Award Agreements authorized under the Plan may contain such other provisions not inconsistent
with this Plan, including, without limitation, restrictions upon the exercise of Awards, as the Committee may deem advisable.

 

17.11
Section 409A. The Plan is 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 administered to be in compliance therewith. 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 Laws require otherwise. Notwithstanding anything to the contrary in the Plan, to the extent
required to avoid accelerated taxation and tax penalties under Section 409A of the Code, amounts that would otherwise be payable and benefits
that would otherwise be provided pursuant to the Plan during the six (6) month period immediately following the Participant’s termination
of Continuous Service shall instead be paid on the first payroll date after the six-month anniversary of the Participant’s separation
from service (or the Participant’s death, if earlier). Notwithstanding the foregoing, neither the Company nor the Committee shall
have any obligation to take any action to prevent the assessment of any additional tax or penalty on any Participant under Section 409A
of the Code and neither the Company nor the Committee will have any liability to any Participant for such tax or penalty.

 

17.12
Disqualifying Dispositions. Any Participant who shall make a “disposition” (as defined in Section 424
of the Code) of all or any portion of shares of Common Stock acquired upon exercise of an Incentive Stock Option within two (2) years
from the Grant Date of such Incentive Stock Option or within one year after the issuance of the shares of Common Stock acquired upon exercise
of such Incentive Stock Option (a “Disqualifying Disposition”) shall be required to immediately advise the Company
in writing as to the occurrence of the sale and the price realized upon the sale of such shares of Common Stock.

 

17.13
Section 16. It is the intent of the Company that the Plan satisfy, and be interpreted in a manner that satisfies,
the applicable requirements of Rule 16b-3 as promulgated under Section 16 of the Exchange Act so that Participants will be entitled to
the benefit of Rule 16b-3, or any other rule promulgated under Section 16 of the Exchange Act, and will not be subject to short-swing
liability under Section 16 of the Exchange Act. Accordingly, if the operation of any provision of the Plan would conflict with the intent
expressed in this Section 17.13, such provision to the extent possible shall be interpreted and/or deemed amended so as to avoid such
conflict.

 

17.14
Beneficiary Designation. Each Participant under the Plan may from time to time name any beneficiary or beneficiaries
by whom any right under the Plan is to be exercised in case of such Participant’s
death. Each designation will revoke all prior designations by the same Participant, shall be in a form reasonably prescribed by the Committee
and shall be effective only when filed by the Participant in writing with the Company during the Participant’s lifetime.

 

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17.15
Expenses. The costs of administering the Plan shall be paid by the Company.

 

17.16
Severability. If any of the provisions of the Plan or any Award Agreement is held to be invalid, illegal or unenforceable,
whether in whole or in part, such provision shall be deemed modified to the extent, but only to the extent, of such invalidity, illegality
or unenforceability and the remaining provisions shall not be affected thereby.

 

17.17
Plan Headings. The headings in the Plan are for purposes of convenience only and are not intended to define or limit
the construction of the provisions hereof.

 

17.18
Non-Uniform Treatment. The Committee’s determinations under the Plan need not be uniform and may be made by it selectively
among persons who are eligible to receive, or actually receive, Awards. Without limiting the generality of the foregoing, the Committee
shall be entitled to make non-uniform and selective determinations, amendments and adjustments, and to enter into non-uniform and selective
Award Agreements.

 

18.
Effective Date of Plan.  The Plan shall become effective as of
the Effective Date, provided that no Incentive Stock Option may be granted unless and until (i) the Plan is approved by shareholders of
the Company and (ii) such approval by shareholders of the Company is received within 12 months of the Effective Date.

 

19.
Termination or Suspension of the Plan. The Plan shall terminate automatically
on the Tenth (10th) Anniversary of Effective Date. No Award shall be granted pursuant to the Plan after such date, but Awards theretofore
granted may extend beyond that date. The Board may suspend or terminate the Plan at any earlier date pursuant to Section 16.1 hereof.
No Awards may be granted under the Plan while the Plan is suspended or after it is terminated.

 

20.
Choice of Law. The law of the State
of Nevada shall govern all questions concerning the construction, validity, and interpretation of this Plan, without regard to such state’s
conflict of law rules.

 

21.
 WAIVER OF JURY TRIAL. COMPANY AND EACH PARTICIPANT HEREBY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVE THE RIGHT THAT
ANY OF THEM MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED ON, ARISING OUT OF, UNDER OR IN CONNECTION HEREWITH, OR ANY
COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO. THIS PROVISION IS A MATERIAL
INDUCEMENT FOR COMPANY ENTERING INTO THE TRANSACTIONS CONTEMPLATED BY THIS PLAN.

 

22.
Attorneys’ Costs and Fees. The prevailing party in any legal proceeding arising out of or resulting from this
Plan shall be entitled to recover its costs and fees, including, but not limited to, reasonable attorneys’ fees and post judgment
costs, from the other party.

 

As adopted by the Board of
Directors of Bespoke Extracts, Inc. on December 14, 2021.

 

 

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