Document:

Exhibit 10.1

 

GSI TECHNOLOGY, INC.

 

2016 EQUITY INCENTIVE PLAN

 

(Amended and Restated August 26,
2021)

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page 
	ARTICLE I	Establishment, Purpose and Term of Plan	 	1
	Section 1.1	Establishment	 	1
	Section 1.2	Purpose	 	1
	Section 1.3	Term of Plan	 	1
	ARTICLE II	Definitions and Construction	 	1
	Section 2.1	Definitions	 	1
	Section 2.2	Construction	 	6
	ARTICLE III	Administration	 	6
	Section 3.1	Administration by the Committee	 	6
	Section 3.2	Authority of Officers	 	6
	Section 3.3	Administration with Respect to Insiders	 	7
	Section 3.4	Powers of the Committee	 	7
	Section 3.5	Option or SAR Repricing	 	7
	Section 3.6	Indemnification	 	8
	ARTICLE IV	Shares Subject to Plan	 	8
	Section 4.1	Maximum Number of Shares Issuable	 	8
	Section 4.2	Share Counting	 	8
	Section 4.3	Adjustments for Changes in Capital Structure	 	9
	Section 4.4	Assumption or Substitution of Awards	 	9
	ARTICLE V	Eligibility, Participation and Award Limitations	 	9
	Section 5.1	Persons Eligible for Awards	 	9
	Section 5.2	Participation in the Plan	 	9
	Section 5.3	Incentive Stock Option Limitations	 	9
	Section 5.4	Award Limits	 	10
	Section 5.5	Nonemployee Director Award Limit	 	10
	ARTICLE VI	Stock Options	 	11
	Section 6.1	Exercise Price	 	11
	Section 6.2	Exercisability and Term of Options	 	11
	Section 6.3	Payment of Exercise Price	 	11
	Section 6.4	Effect of Termination of Service	 	12
	Section 6.5	Transferability of Options	 	12
	ARTICLE VII	Stock Appreciation Rights	 	13
	Section 7.1	Types of SARs Authorized	 	13
	Section 7.2	Exercise Price	 	13
	Section 7.3	Exercisability and Term of SARs	 	13
	Section 7.4	Exercise of SARs	 	14
	Section 7.5	Deemed Exercise of SARs	 	14
	Section 7.6	Effect of Termination of Service	 	14
	Section 7.7	Transferability of SARs	 	14
	ARTICLE VIII	Restricted Stock Awards	 	14
	Section 8.1	Types of Restricted Stock Awards Authorized	 	14

 

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	 	 	Page 
	Section 8.2	Purchase Price	 	14
	Section 8.3	Purchase Period	 	14
	Section 8.4	Payment of Purchase Price	 	15
	Section 8.5	Vesting and Restrictions on Transfer	 	15
	Section 8.6	Voting Rights; Dividends and Distributions	 	15
	Section 8.7	Effect of Termination of Service	 	15
	Section 8.8	Nontransferability of Restricted Stock Award Rights	 	15
	ARTICLE IX	Restricted Stock Units	 	16
	Section 9.1	Grant of Restricted Stock Unit Awards	 	16
	Section 9.2	Purchase Price	 	16
	Section 9.3	Vesting	 	16
	Section 9.4	Voting Rights, Dividend Equivalent Rights and Distributions	 	16
	Section 9.5	Effect of Termination of Service	 	16
	Section 9.6	Settlement of Restricted Stock Unit Awards	 	17
	Section 9.7	Nontransferability of Restricted Stock Unit Awards	 	17
	ARTICLE X	Performance Awards	 	17
	Section 10.1	Types of Performance Awards Authorized	 	17
	Section 10.2	Initial Value of Performance Shares and Performance Units	 	17
	Section 10.3	Establishment of Performance Period, Performance Goals and Performance Award Formula	 	17
	Section 10.4	Measurement of Performance Goals	 	18
	Section 10.5	Settlement of Performance Awards	 	19
	Section 10.6	Voting Rights; Dividend Equivalent Rights and Distributions	 	20
	Section 10.7	Effect of Termination of Service	 	20
	Section 10.8	Nontransferability of Performance Awards	 	21
	ARTICLE XI	Cash-Based Awards and Other Stock-Based Awards	 	21
	Section 11.1	Grant of Cash-Based Awards	 	21
	Section 11.2	Grant of Other Stock-Based Awards	 	21
	Section 11.3	Value of Cash-Based and Other Stock-Based Awards	 	21
	Section 11.4	Payment or Settlement of Cash-Based Awards and Other Stock-Based Awards	 	21
	Section 11.5	Voting Rights; Dividend Equivalent Rights and Distributions	 	21
	Section 11.6	Effect of Termination of Service	 	22
	Section 11.7	Nontransferability of Cash-Based Awards and Other Stock-Based Awards	 	22
	ARTICLE XII	Standard Forms of Award Agreement	 	22
	Section 12.1	Award Agreements	 	22
	Section 12.2	Authority to Vary Terms	 	22
	ARTICLE XIII	Change in Control	 	22
	Section 13.1	Effect of Change in Control on Awards	 	22
	Section 13.2	Effect of Change in Control on Nonemployee Director Awards	 	23
	Section 13.3	Federal Excise Tax Under Section 4999 of the Code	 	23

 

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	 	 	Page 
	ARTICLE XIV	Compliance with Securities Law	 	24
	ARTICLE XV	Compliance with Section 409A	 	24
	Section 15.1	Awards Subject to Section 409A	 	24
	Section 15.2	Deferral and/or Distribution Elections	 	25
	Section 15.3	Subsequent Elections	 	25
	Section 15.4	Payment of Section 409A Deferred Compensation	 	26
	ARTICLE XVI	Tax Withholding	 	28
	Section 16.1	Tax Withholding in General	 	28
	Section 16.2	Withholding in or Directed Sale of Shares	 	28
	ARTICLE XVII	Amendment, Suspension or Termination of Plan	 	28
	ARTICLE XVIII	Miscellaneous Provisions	 	29
	Section 18.1	Repurchase Rights	 	29
	Section 18.2	Forfeiture Events	 	29
	Section 18.3	Provision of Information	 	29
	Section 18.4	Rights as Employee, Consultant or Director	 	29
	Section 18.5	Rights as a Stockholder	 	29
	Section 18.6	Delivery of Title to Shares	 	29
	Section 18.7	Fractional Shares	 	29
	Section 18.8	Retirement and Welfare Plans	 	30
	Section 18.9	Beneficiary Designation	 	30
	Section 18.10	Severability	 	30
	Section 18.11	No Constraint on Corporate Action	 	30
	Section 18.12	Unfunded Obligation	 	30
	Section 18.13	Choice of Law	 	30

 

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 ​​​​​​

 

GSI Technology, Inc.

2016 Equity Incentive Plan

(Amended and Restated August 26,
2021)

 

ARTICLE I

 

Establishment, Purpose and Term of Plan.

 

Section 1.1   Establishment.   The
GSI Technology, Inc. 2016 Equity Incentive Plan (the “Initial Plan”) was initially established
effective as of August 25, 2016 (the “Initial Plan Effective Date”), the date of its initial
approval by the stockholders of the Company. The Initial Plan is hereby amended and restated in its entirety (the
“Plan”) effective as of August 26, 2021, the date of its approval by the stockholders of the Company (the “Effective
Date”).

 

Section 1.2   Purpose.   The
purpose of the Plan is to advance the interests of the Participating Company Group and its stockholders by providing an incentive to attract,
retain and reward persons performing services for the Participating Company Group and by motivating such persons to contribute to the
growth and profitability of the Participating Company Group. The Plan seeks to achieve this purpose by providing for Awards in the form
of Options, Stock Appreciation Rights, Restricted Stock Awards, Restricted Stock Units, Performance Shares, Performance Units, Cash-Based
Awards and Other Stock-Based Awards.

 

Section 1.3   Term
of Plan.   The Plan shall continue in effect until its termination by the Committee; provided, however, that all Awards
shall be granted, if at all, within ten (10) years from the Effective Date.

 

ARTICLE II

 

Definitions and Construction.

 

Section 2.1   Definitions.   Whenever
used herein, the following terms shall have their respective meanings set forth below:

 

(a)   “Affiliate”
means (i) a parent entity, other than a Parent Corporation, that directly, or indirectly through one or more intermediary entities,
controls the Company or (ii) a subsidiary entity, other than a Subsidiary Corporation, that is controlled by the Company directly
or indirectly through one or more intermediary entities. For this purpose, the terms “parent,” “subsidiary,” “control”
and “controlled by” shall have the meanings assigned such terms for the purposes of registration of securities on Form S-8
under the Securities Act.

 

(b)   “Award”
means any Option, Stock Appreciation Right, Restricted Stock Purchase Right, Restricted Stock Bonus, Restricted Stock Unit, Performance
Share, Performance Unit, Cash-Based Award or Other Stock-Based Award granted under the Plan.

 

(c)   “Award
Agreement” means a written or electronic agreement between the Company and a Participant setting forth the terms, conditions
and restrictions applicable to an Award.

 

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

 

(e)   “Cash-Based
Award” means an Award denominated in cash and granted pursuant to Section 11.

 

(f)   “Cashless
Exercise” means a Cashless Exercise as defined in Section 6.3(b)(i).

 

(g)   “Cause” means,
unless such term or an equivalent term is otherwise defined by the applicable Award Agreement or other written agreement between a
Participant and a Participating Company applicable to an Award, any of the following: (i) the Participant’s theft,
dishonesty, willful misconduct, breach of fiduciary duty for personal profit, or falsification of any Participating Company
documents or records; (ii) the Participant’s material failure to abide by a Participating Company’s code of conduct
or other policies (including, without limitation, policies relating to confidentiality and reasonable workplace conduct);
(iii) the Participant’s unauthorized use, misappropriation, destruction or diversion of any tangible or intangible asset
or corporate opportunity of a Participating Company (including, without limitation, the Participant’s improper use or
disclosure of a Participating Company’s confidential or proprietary information); (iv) any intentional act by the
Participant which has a material detrimental effect on a Participating Company’s reputation or business; (v) the
Participant’s repeated failure to perform any reasonable assigned duties after written notice from a Participating Company of,
and a reasonable opportunity to cure, such failure; (vi) any material breach by the Participant of any employment, service,
non-disclosure, non-competition, non-solicitation or other similar agreement between the Participant and a Participating Company,
which breach is not cured pursuant to the terms of such agreement; or (vii) the Participant’s conviction (including any
plea of guilty or nolo contendere) of any criminal act involving fraud, dishonesty, misappropriation or moral turpitude, or
which impairs the Participant’s ability to perform his or her duties with a Participating Company.

 

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(h)   “Change
in Control” means, unless such term or an equivalent term is otherwise defined by the applicable Award Agreement or other
written agreement between the Participant and a Participating Company applicable to an Award, the occurrence of any one or a combination
of the following:

 

(i)   any “person”
​(as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner”
​(as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing
more than fifty percent (50%) of the total Fair Market Value or total combined voting power of the Company’s then-outstanding
securities entitled to vote generally in the election of Directors; provided, however, that a Change in Control shall not be deemed to
have occurred if such degree of beneficial ownership results from any of the following: (A) an acquisition by any person who on the
Effective Date is the beneficial owner of more than fifty percent (50%) of such voting power, (B) any acquisition directly from
the Company, including, without limitation, pursuant to or in connection with a public offering of securities, (C) any acquisition
by the Company, (D) any acquisition by a trustee or other fiduciary under an employee benefit plan of a Participating Company or
(E) any acquisition by an entity owned directly or indirectly by the stockholders of the Company in substantially the same proportions
as their ownership of the voting securities of the Company; or

 

(ii)   an Ownership
Change Event or series of related Ownership Change Events (collectively, a “Transaction”) in which the stockholders
of the Company immediately before the Transaction do not retain immediately after the Transaction direct or indirect beneficial ownership
of more than fifty percent (50%) of the total combined voting power of the outstanding securities entitled to vote generally in the
election of Directors or, in the case of an Ownership Change Event described in Section 2.1(dd)(iii), the entity to which the assets
of the Company were transferred (the “Transferee”), as the case may be; or

 

(iii)   a date
specified by the Committee following approval by the stockholders of a plan of complete liquidation or dissolution of the Company;
provided, however, that a Change in Control shall be deemed not to include a transaction described in subsections (i) or
(ii) of this Section 2.1(h) in which a majority of the members of the board of directors of the continuing, surviving
or successor entity, or parent thereof, immediately after such transaction is comprised of Incumbent Directors.

 

For purposes of the preceding sentence,
indirect beneficial ownership shall include, without limitation, an interest resulting from ownership of the voting securities of one
or more corporations or other business entities which own the Company or the Transferee, as the case may be, either directly or through
one or more subsidiary corporations or other business entities. The Committee shall determine whether multiple events described in subsections
(i), (ii) and (iii) of this Section 2.1(h) are related and to be treated in the aggregate as a single Change in Control,
and its determination shall be final, binding and conclusive.

 

(i)   “Code”
means the Internal Revenue Code of 1986, as amended, and any applicable regulations and administrative guidelines promulgated thereunder.

 

(j)   “Committee”
means the Compensation Committee and such other committee or subcommittee of the Board, if any, duly appointed to administer the Plan
and having such powers in each instance as shall be specified by the Board. If, at any time, there is no committee of the Board then authorized
or properly constituted to administer the Plan, the Board shall exercise all of the powers of the Committee granted herein, and, in any
event, the Board may in its discretion exercise any or all of such powers.

 

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(k)   “Company”
means GSI Technology, Inc., a Delaware corporation, and any successor corporation thereto.

 

(l)   “Consultant”
means a person engaged to provide consulting or advisory services (other than as an Employee or a Director) to a Participating Company,
provided that the identity of such person, the nature of such services or the entity to which such services are provided would not preclude
the Company from offering or selling securities to such person pursuant to the Plan in reliance on registration on Form S-8 under
the Securities Act.

 

(m)   “Director”
means a member of the Board.

 

(n)   “Disability”
means, unless such term or an equivalent term is otherwise defined by the applicable Award Agreement or other written agreement between
the Participant and a Participating Company applicable to an Award, the permanent and total disability of the Participant, within the
meaning of Section 22(e)(3) of the Code.

 

(o)   “Dividend
Equivalent Right” means the right of a Participant, granted at the discretion of the Committee or as otherwise provided
by the Plan, to receive a credit for the account of such Participant in an amount equal to the cash dividends paid on one share of Stock
for each share of Stock represented by an Award held by such Participant.

 

(p)   “Employee”
means any person treated as an employee (including an Officer or a Director who is also treated as an employee) in the records of a Participating
Company and, with respect to any Incentive Stock Option granted to such person, who is an employee for purposes of Section 422 of
the Code; provided, however, that neither service as a Director nor payment of a Director’s fee shall be sufficient to constitute
employment for purposes of the Plan. The Company shall determine in good faith and in the exercise of its discretion whether an individual
has become or has ceased to be an Employee and the effective date of such individual’s employment or termination of employment,
as the case may be. For purposes of an individual’s rights, if any, under the terms of the Plan as of the time of the Company’s
determination of whether or not the individual is an Employee, all such determinations by the Company shall be final, binding and conclusive
as to such rights, if any, notwithstanding that the Company or any court of law or governmental agency subsequently makes a contrary determination
as to such individual’s status as an Employee.

 

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

 

(r)   “Fair
Market Value” means, as of any date, the value of a share of Stock or other property as determined by the Committee, in
its discretion, or by the Company, in its discretion, if such determination is expressly allocated to the Company herein, subject to the
following:

 

(i)   Except as otherwise
determined by the Committee, if, on such date, the Stock is listed or quoted on a national or regional securities exchange or quotation
system, the Fair Market Value of a share of Stock shall be the closing price of a share of Stock as quoted on the national or regional
securities exchange or quotation system constituting the primary market for the Stock, as reported in The Wall Street Journal or
such other source as the Company deems reliable. If the relevant date does not fall on a day on which the Stock has traded on such securities
exchange or quotation system, the date on which the Fair Market Value shall be established shall be the last day on which the Stock was
so traded or quoted prior to the relevant date, or such other appropriate day as shall be determined by the Committee, in its discretion.

 

(ii)   Notwithstanding
the foregoing, the Committee may, in its discretion, determine the Fair Market Value of a share of Stock on the basis of the
opening, closing, or average of the high and low sale prices of a share of Stock on such date or the preceding trading day, the
actual sale price of a share of Stock received by a Participant, any other reasonable basis using actual transactions in the Stock
as reported on a national or regional securities exchange or quotation system, or on any other basis consistent with the
requirements of Section 409A. The Committee may also determine the Fair Market Value upon the average selling price of the
Stock during a specified period that is within thirty (30) days before or thirty (30) days after such date, provided that, with
respect to the grant of an Option or SAR, the commitment to grant such Award based on such valuation method must be irrevocable
before the beginning of the specified period. The Committee may vary its method of determination of the Fair Market Value as
provided in this Section for different purposes under the Plan to the extent consistent with the requirements of
Section 409A.

 

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(iii)   If, on such
date, the Stock is not listed or quoted on a national or regional securities exchange or quotation system, the Fair Market Value of a
share of Stock shall be as determined by the Committee in good faith without regard to any restriction other than a restriction which,
by its terms, will never lapse, and in a manner consistent with the requirements of Section 409A.

 

(s)   “Full
Value Award” means any Award settled in Stock, other than (i) an Option, (ii) a Stock Appreciation Right, or (iii) a
Restricted Stock Purchase Right or an Other Stock-Based Award under which the Company will receive monetary consideration equal to the
Fair Market Value (determined on the effective date of grant) of the shares subject to such Award.

 

(t)   “Incentive
Stock Option” means an Option intended to be (as set forth in the Award Agreement) and which qualifies as an incentive stock
option within the meaning of Section 422(b) of the Code.

 

(u)   “Incumbent
Director” means a director who either (i) is a member of the Board as of the Effective Date or (ii) is elected,
or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such
election or nomination (but excluding a director who was elected or nominated in connection with an actual or threatened proxy contest
relating to the election of directors of the Company).

 

(v)   “Insider”
means an Officer, a Director or other person whose transactions in Stock are subject to Section 16 of the Exchange Act.

 

(w)   “Net Exercise”
means a Net Exercise as defined in Section 6.3(b)(iii).

 

(x)   “Nonemployee Director”
means a Director who is not an Employee.

 

(y)   “Nonemployee
Director Award” means any Award granted to a Nonemployee Director as compensation for service as a Non-Employee Director.

 

(z)   “Nonstatutory
Stock Option” means an Option not intended to be (as set forth in the Award Agreement) or which does not qualify as an incentive
stock option within the meaning of Section 422(b) of the Code.

 

(aa)   “Officer”
means any person designated by the Board as an officer of the Company.

 

(bb)   “Option”
means an Incentive Stock Option or a Nonstatutory Stock Option granted pursuant to the Plan.

 

(cc)   “Other
Stock-Based Award” means an Award denominated in shares of Stock and granted pursuant to Section 11.

 

(dd)   “Ownership
Change Event” means the occurrence of any of the following with respect to the Company: (i) the direct or indirect
sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing
more than fifty percent (50%) of the total combined voting power of the Company’s then outstanding securities entitled to vote
generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange,
or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries
of the Company).

 

(ee)   “Parent
Corporation” means any present or future “parent corporation” of the Company, as defined in Section 424(e) of
the Code.

 

(ff)   “Participant”
means any eligible person who has been granted one or more Awards.

 

(gg)   “Participating
Company” means the Company or any Parent Corporation, Subsidiary Corporation or Affiliate.

 

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(hh)   “Participating
Company Group” means, at any point in time, the Company and all other entities collectively which are then Participating
Companies.

 

(ii)   “Performance Award”
means an Award of Performance Shares or Performance Units.

 

(jj)   “Performance
Award Formula” means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3
which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance
Goal(s) measured as of the end of the applicable Performance Period.

 

(kk)   “Performance
Goal” means a performance goal established by the Committee pursuant to Section 10.3.

 

(ll)   “Performance
Period” means a period established by the Committee pursuant to Section 10.3 at the end of which one or more Performance
Goals are to be measured.

 

(mm)   “Performance
Share” means a right granted to a Participant pursuant to Section 10 to receive a payment equal to the value of a Performance
Share, as determined by the Committee, based upon attainment of applicable Performance Goal(s).

 

(nn)   “Performance
Unit” means a right granted to a Participant pursuant to Section 10 to receive a payment equal to the value of a Performance
Unit, as determined by the Committee, based upon attainment of applicable Performance Goal(s).

 

(oo)   “Predecessor Plan”
means the Company’s 2007 Equity Incentive Plan.

 

(pp)   “Restricted
Stock Award” means an Award of a Restricted Stock Bonus or a Restricted Stock Purchase Right.

 

(qq)   “Restricted Stock Bonus”
means Stock granted to a Participant pursuant to Section 8.

 

(rr)   “Restricted
Stock Purchase Right” means a right to purchase Stock granted to a Participant pursuant to Section 8.

 

(ss)   “Restricted
Stock Unit” means a right granted to a Participant pursuant to Section 9 to receive on a future date or occurrence
of a future event a share of Stock or cash in lieu thereof, as determined by the Committee.

 

(tt)   “Rule 16b-3”
means Rule 16b-3 under the Exchange Act, as amended from time to time, or any successor rule or regulation.

 

(uu)   “SAR”
or “Stock Appreciation Right” means a right granted to a Participant pursuant to Section 7 to receive payment,
for each share of Stock subject to such Award, of an amount equal to the excess, if any, of the Fair Market Value of a share of Stock
on the date of exercise of the Award over the exercise price thereof.

 

(vv)   “Section 409A”
means Section 409A of the Code.

 

(ww)   “Section 409A
Deferred Compensation” means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation
within the meaning of Section 409A.

 

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

 

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(yy)   “Service” means
a Participant’s employment or service with the Participating Company Group, whether as an Employee, a Director or a
Consultant. Unless otherwise provided by the Committee, a Participant’s Service shall not be deemed to have terminated merely
because of a change in the capacity in which the Participant renders Service or a change in the Participating Company for which the
Participant renders Service, provided that there is no interruption or termination of the Participant’s Service. Furthermore,
a Participant’s Service shall not be deemed to have been interrupted or terminated if the Participant takes any military
leave, sick leave, or other bona fide leave of absence approved by the Company. However, unless otherwise provided by the Committee,
if any such leave taken by a Participant exceeds ninety (90) days, then on the ninety-first (91st) day following the commencement of
such leave the Participant’s Service shall be deemed to have terminated, unless the Participant’s right to return to
Service is guaranteed by statute or contract. Notwithstanding the foregoing, unless otherwise designated by the Company or required
by law, an unpaid leave of absence shall not be treated as Service for purposes of determining vesting under the Participant’s
Award Agreement. A Participant’s Service shall be deemed to have terminated either upon an actual termination of Service or
upon the business entity for which the Participant performs Service ceasing to be a Participating Company. Subject to the foregoing,
the Company, in its discretion, shall determine whether the Participant’s Service has terminated and the effective date of and
reason for such termination.

 

(zz)   “Stock”
means the common stock of the Company, as adjusted from time to time in accordance with Section 4.3.

 

(aaa)   “Stock
Tender Exercise” means a Stock Tender Exercise as defined in Section 6.3(b)(ii).

 

(bbb)   “Subsidiary
Corporation” means any present or future “subsidiary corporation” of the Company, as defined in Section 424(f) of
the Code.

 

(ccc)   “Ten
Percent Owner” means a Participant who, at the time an Option is granted to the Participant, owns stock possessing more
than ten percent (10%) of the total combined voting power of all classes of stock of a Participating Company (other than an Affiliate)
within the meaning of Section 422(b)(6) of the Code.

 

(ddd)   “Trading
Compliance Policy” means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition
of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic
information regarding the Company or its securities.

 

(eee)   “Vesting
Conditions” mean those conditions established in accordance with the Plan prior to the satisfaction of which an Award or
shares subject to an Award remain subject to forfeiture or a repurchase option in favor of the Company exercisable for the Participant’s
monetary purchase price, if any, for such shares upon the Participant’s termination of Service or failure of a performance condition
to be satisfied.

 

Section 2.2   Construction.   Captions
and titles contained herein are for convenience only and shall not affect the meaning or interpretation of any provision of the Plan.
Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of
the term “or” is not intended to be exclusive, unless the context clearly requires otherwise.

 

ARTICLE III

 

Administration.

 

Section 3.1   Administration
by the Committee.   The Plan shall be administered by the Committee. All questions of interpretation of the Plan, of
any Award Agreement or of any other form of agreement or other document employed by the Company in the administration of the Plan or of
any Award shall be determined by the Committee, and such determinations shall be final, binding and conclusive upon all persons having
an interest in the Plan or such Award, unless fraudulent or made in bad faith. Any and all actions, decisions and determinations taken
or made by the Committee in the exercise of its discretion pursuant to the Plan or Award Agreement or other agreement thereunder (other
than determining questions of interpretation pursuant to the preceding sentence) shall be final, binding and conclusive upon all persons
having an interest therein. All expenses incurred in connection with the administration of the Plan shall be paid by the Company.

 

Section 3.2   Authority
of Officers.   Any Officer shall have the authority to act on behalf of the Company with respect to any matter, right,
obligation, determination or election that is the responsibility of or that is allocated to the Company herein, provided that the Officer
has apparent authority with respect to such matter, right, obligation, determination or election.

 

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Section 3.3   Administration
with Respect to Insiders.   With respect to participation by Insiders in the Plan, at any time that any class of equity
security of the Company is registered pursuant to Section 12 of the Exchange Act, the Plan shall be administered in compliance with
the requirements, if any, of Rule 16b-3.

 

Section 3.4   Powers
of the Committee.   In addition to any other powers set forth in the Plan and subject to the provisions of the
Plan, the Committee shall have the full and final power and authority, in its discretion:

 

(a)   to determine the
persons to whom, and the time or times at which, Awards shall be granted and the number of shares of Stock, units or monetary value to
be subject to each Award;

 

(b)   to determine the type of Award granted;

 

(c)   to determine the Fair Market Value
of shares of Stock or other property;

 

(d)   to determine the
terms, conditions and restrictions applicable to each Award (which need not be identical) and any shares acquired pursuant thereto, including,
without limitation, (i) the exercise or purchase price of shares pursuant to any Award, (ii) the method of payment for shares
purchased pursuant to any Award, (iii) the method for satisfaction of any tax withholding obligation arising in connection with any
Award, including by the withholding or delivery of shares of Stock, (iv) the timing, terms and conditions of the exercisability or
vesting of any Award or any shares acquired pursuant thereto, (v) the Performance Measures, Performance Period, Performance Award
Formula and Performance Goals applicable to any Award and the extent to which such Performance Goals have been attained, (vi) the
time of expiration of any Award, (vii) the effect of any Participant’s termination of Service on any of the foregoing, and
(viii) all other terms, conditions and restrictions applicable to any Award or shares acquired pursuant thereto not inconsistent
with the terms of the Plan;

 

(e)   to determine whether
an Award will be settled in shares of Stock, cash, other property or in any combination thereof;

 

(f)   to approve one or more forms of Award
Agreement;

 

(g)   to amend, modify,
extend, cancel or renew any Award or to waive any restrictions or conditions applicable to any Award or any shares acquired pursuant thereto;

 

(h)   to accelerate, continue,
extend or defer the exercisability or vesting of any Award or any shares acquired pursuant thereto, including with respect to the period
following a Participant’s termination of Service;

 

(i)   to prescribe, amend
or rescind rules, guidelines and policies relating to the Plan, or to adopt sub-plans or supplements to, or alternative versions of, the
Plan, including, without limitation, as the Committee deems necessary or desirable to comply with the laws of, or to accommodate the tax
policy, accounting principles or custom of, foreign jurisdictions whose residents may be granted Awards; and

 

(j)   to correct any defect,
supply any omission or reconcile any inconsistency in the Plan or any Award Agreement and to make all other determinations and take such
other actions with respect to the Plan or any Award as the Committee may deem advisable to the extent not inconsistent with the provisions
of the Plan or applicable law.

 

Section 3.5   Option
or SAR Repricing.   Without the affirmative vote of holders of a majority of the shares of Stock cast in person or
by proxy at a meeting of the stockholders of the Company at which a quorum representing a majority of all outstanding shares of Stock
is present or represented by proxy, the Committee shall not approve a program providing for either (a) the cancellation of outstanding
Options or SARs having exercise prices per share greater than the then Fair Market Value of a share of Stock (“Underwater
Awards”) and the grant in substitution therefor of new Options or SARs having a lower exercise price, Full Value Awards
or payments in cash, or (b) the amendment of outstanding Underwater Awards to reduce the exercise price thereof. This Section shall
not be construed to apply to (i) “issuing or assuming a stock option in a transaction to which Section 424(a) applies,”
within the meaning of Section 424 of the Code, (ii) adjustments pursuant to the assumption of or substitution for an Option
or SAR in a manner that would comply with Section 409A, or (iii) an adjustment pursuant to Section 4.3.

 

    7

     

    

 

Section 3.6   Indemnification.   In
addition to such other rights of indemnification as they may have as members of the Board or the Committee or as officers or
employees of the Participating Company Group, to the extent permitted by applicable law, members of the Board or the Committee and
any officers or employees of the Participating Company Group to whom authority to act for the Board, the Committee or the Company is
delegated shall be indemnified by the Company against all reasonable expenses, including attorneys’ fees, actually and
necessarily incurred in connection with the defense of any action, suit or proceeding, or in connection with any appeal therein, to
which they or any of them may be a party by reason of any action taken or failure to act under or in connection with the Plan, or
any right granted hereunder, and against all amounts paid by them in settlement thereof (provided such settlement is approved by
independent legal counsel selected by the Company) or paid by them 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 person is
liable for gross negligence, bad faith or intentional misconduct in duties; provided, however, that within sixty (60) days after the
institution of such action, suit or proceeding, such person shall offer to the Company, in writing, the opportunity at its own
expense to handle and defend the same.

 

ARTICLE IV

 

Shares Subject to Plan.

 

Section 4.1    Maximum
Number of Shares Issuable.   Subject to adjustment as provided in Sections 4.2 and 4.3, the maximum aggregate
number of shares of Stock that may be issued under the Plan (inclusive of the number of share of Stock authorized for issuance under the
Initial Plan) shall be equal to the sum of:

 

(a)   Four Million (4,000,000) shares of
Stock; and

 

(b)   the six million (6,000,000)
shares of Stock that remained available for the future grant of awards under the Predecessor Plan immediately prior to its termination
as of the Initial Plan Effective Date; and

 

(c)   the number of shares
of Stock subject to that portion of any option or other award outstanding pursuant to the Predecessor Plan as of the Initial Plan Effective
Date which, on or after the Initial Plan Effective Date, expires or is terminated or canceled for any reason without having been
exercised or settled in full; and

 

(d)   the number of shares
of Stock acquired pursuant to the Predecessor Plan subject to forfeiture or repurchase by the Company for an amount not greater than the
Participant’s purchase price which, on or after the Initial Plan Effective Date, is so forfeited or repurchased.

 

Shares of Stock issuable under the Plan
shall consist of authorized but unissued or reacquired shares of Stock or any combination thereof.

 

Section 4.2   Share
Counting.   If an outstanding Award for any reason expires or is terminated or canceled without having been exercised
or settled in full, or if shares of Stock acquired pursuant to an Award subject to forfeiture or repurchase are forfeited or repurchased
by the Company for an amount not greater than the Participant’s purchase price, the shares of Stock allocable to the terminated
portion of such Award or such forfeited or repurchased shares of Stock shall again be available for issuance under the Plan. Shares of
Stock shall not be deemed to have been issued pursuant to the Plan with respect to any portion of an Award that is settled in cash or
to the extent that shares are withheld or reacquired by the Company in satisfaction of tax withholding obligations pursuant to Section 16.2.
Upon payment in shares of Stock pursuant to the exercise of an SAR, the number of shares available for issuance under the Plan shall be
reduced only by the number of shares actually issued in such payment. If the exercise price of an Option is paid by tender to the Company,
or attestation to the ownership, of shares of Stock owned by the Participant, or by means of a Net Exercise, the number of shares available
for issuance under the Plan shall be reduced by the net number of shares for which the Option is exercised.

 

    8

     

    

 

Section 4.3   Adjustments
for Changes in Capital Structure.   Subject to any required action by the stockholders of the Company and
the requirements of Sections 409A and 424 of the Code to the extent applicable, in the event of any change in the Stock
effected without receipt of consideration by the Company, whether through merger, consolidation, reorganization, reincorporation,
recapitalization, reclassification, stock dividend, stock split, reverse stock split, split-up, split-off, spin-off, combination of
shares, exchange of shares, or similar change in the capital structure of the Company, or in the event of payment of a dividend or
distribution to the stockholders of the Company in a form other than Stock (excepting regular, periodic cash dividends) that has a
material effect on the Fair Market Value of shares of Stock, appropriate and proportionate adjustments shall be made in the number
and kind of shares subject to the Plan and to any outstanding Awards, the Award limits set forth in Section 5.3 and
Section 5.4, and in the exercise or purchase price per share under any outstanding Award in order to prevent dilution or
enlargement of Participants’ rights under the Plan. For purposes of the foregoing, conversion of any convertible securities of
the Company shall not be treated as “effected without receipt of consideration by the Company.” If a majority of the
shares which are of the same class as the shares that are subject to outstanding Awards are exchanged for, converted into, or
otherwise become (whether or not pursuant to an Ownership Change Event) shares of another corporation (the “New
Shares”), the Committee may unilaterally amend the outstanding Awards to provide that such Awards are for New Shares.
In the event of any such amendment, the number of shares subject to, and the exercise or purchase price per share of, the
outstanding Awards shall be adjusted in a fair and equitable manner as determined by the Committee, in its discretion. Any
fractional share resulting from an adjustment pursuant to this Section shall be rounded down to the nearest whole number and
the exercise or purchase price per share shall be rounded up to the nearest whole cent. In no event may the exercise or purchase
price, if any, under any Award be decreased to an amount less than the par value, if any, of the stock subject to such Award. The
Committee in its discretion, may also make such adjustments in the terms of any Award to reflect, or related to, such changes in the
capital structure of the Company or distributions as it deems appropriate, including modification of Performance Goals, Performance
Award Formulas and Performance Periods. The adjustments determined by the Committee pursuant to this Section shall be final,
binding and conclusive.

 

Section 4.4   Assumption
or Substitution of Awards.   The Committee may, without affecting the number of shares of Stock reserved or available
hereunder, authorize the issuance or assumption of benefits under this Plan in connection with any merger, consolidation, acquisition
of property or stock, or reorganization upon such terms and conditions as it may deem appropriate, subject to compliance with Section 409A
and any other applicable provisions of the Code.

 

ARTICLE V

 

Eligibility, Participation and Award Limitations.

 

Section 5.1   Persons
Eligible for Awards.   Awards may be granted only to Employees, Consultants and Directors.

 

Section 5.2   Participation
in the Plan.   Awards are granted solely at the discretion of the Committee. Eligible persons may be granted more than
one Award. However, eligibility in accordance with this Section shall not entitle any person to be granted an Award, or, having been
granted an Award, to be granted an additional Award.

 

Section 5.3   Incentive Stock Option
Limitations.

 

(a)   Maximum Number
of Shares Issuable Pursuant to Incentive Stock Options.   Subject to adjustment as provided in Section 4.3,
the maximum aggregate number of shares of Stock that may be issued under the Plan pursuant to the exercise of Incentive Stock Options
shall not exceed ten million (10,000,000) shares (inclusive of the number of share of Stock authorized for issuance pursuant to the exercise
of Incentive Stock Options under the Initial Plan). The maximum aggregate number of shares of Stock that may be issued under the Plan
pursuant to all Awards other than Incentive Stock Options shall be the number of shares determined in accordance with Section 4.1,
subject to adjustment as provided in Sections 4.2 and 4.3.

 

(b)   Persons Eligible.   An
Incentive Stock Option may be granted only to a person who, on the effective date of grant, is an Employee of the Company, a Parent Corporation
or a Subsidiary Corporation (each being an “ISO-Qualifying Corporation”). Any person who is not an Employee
of an ISO-Qualifying Corporation on the effective date of the grant of an Option to such person may be granted only a Nonstatutory Stock
Option.

 

    9

     

    

 

(c)   Fair
Market Value Limitation.   To the extent that options designated as Incentive Stock Options (granted under
all stock plans of the Participating Company Group, including the Plan) become exercisable by a Participant for the first time
during any calendar year for stock having a Fair Market Value greater than One Hundred Thousand Dollars ($100,000), the portion of
such options which exceeds such amount shall be treated as Nonstatutory Stock Options. For purposes of this Section, options
designated as Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value
of stock shall be determined as of the time the option with respect to such stock is granted. If the Code is amended to provide for
a limitation different from that set forth in this Section, such different limitation shall be deemed incorporated herein effective
as of the date and with respect to such Options as required or permitted by such amendment to the Code. If an Option is treated as
an Incentive Stock Option in part and as a Nonstatutory Stock Option in part by reason of the limitation set forth in this Section,
the Participant may designate which portion of such Option the Participant is exercising. In the absence of such designation, the
Participant shall be deemed to have exercised the Incentive Stock Option portion of the Option first. Upon exercise of the Option,
shares issued pursuant to each such portion shall be separately identified.

 

Section 5.4   Award Limits.   The
following limits shall apply to the grant of any Award:

 

(a)   Options and SARs.   Subject
to adjustment as provided in Section 4.3, no Employee shall be granted within any fiscal year of the Company one or more Options
or Freestanding SARs which in the aggregate are for more than three hundred thousand (300,000) shares.

 

(b)   Restricted Stock
Awards and Restricted Stock Unit Awards.   Subject to adjustment as provided in Section 4.3, no Employee shall
be granted within any fiscal year of the Company one or more Restricted Stock Awards or Restricted Stock Unit Awards which in the aggregate
are for more than one hundred thousand (100,000) shares.

 

(c)   Performance Awards.   Subject
to adjustment as provided in Section 4.3, no Employee shall be granted in the aggregate (1) Performance Shares which could result
in such Employee receiving more than fifty thousand (50,000) shares for each full fiscal year of the Company contained in the Performance
Period for such Award, or (2) Performance Units which could result in such Employee receiving more than five hundred thousand dollars
($500,000) for each full fiscal year of the Company contained in the Performance Period for such Award.

 

(d)   Cash-Based Awards
and Other Stock-Based Awards.   Subject to adjustment as provided in Section 4.3, no Employee shall be granted
in the aggregate (1) Cash-Based Awards in any fiscal year of the Company which could result in such Employee receiving more than
five hundred thousand dollars ($500,000) for each full fiscal year of the Company contained in the Performance Period for such Award,
or (2) Other Stock-Based Awards in any fiscal year of the Company which could result in such Employee receiving more than fifty thousand
(50,000) shares for each full fiscal year of the Company contained in the Performance Period for such Award.

 

Section 5.5   Nonemployee
Director Award Limit.   No Nonemployee Director shall be granted within any fiscal year of the Company one or
more Nonemployee Director Awards pursuant to the Plan which in the aggregate are for more than a number of shares of Stock
determined by dividing one hundred fifty thousand dollars ($150,000) by the Fair Market Value of a share of Stock determined on the
last trading day immediately preceding the date on which the applicable Nonemployee Director Award is granted. Notwithstanding any
other provision of the Plan to the contrary, the aggregate grant date fair value (computed as of the date of grant in accordance
with generally accepted accounting principles in the United States) of all Nonemployee Director Awards granted to any Nonemployee
Director during any fiscal year of the Company, taken together with any cash compensation paid to such Nonemployee Director for
Service as a Nonemployee Director during such fiscal year, shall not exceed $300,000.

 

    10

     

    

 

 

ARTICLE VI

 

Stock Options.

 

Options shall be evidenced by Award Agreements specifying the number of shares of Stock covered thereby, in
such form as the Committee shall establish. Such Award Agreements may incorporate all or any of the terms of the Plan by reference and
shall comply with and be subject to the following terms and conditions:

 

Section 6.1   Exercise
Price.   The exercise price for each Option shall be established in the discretion of the Committee; provided, however,
that (a) the exercise price per share shall be not less than the Fair Market Value of a share of Stock on the effective date of grant
of the Option and (b) no Incentive Stock Option granted to a Ten Percent Owner shall have an exercise price per share less than one
hundred ten percent (110%) of the Fair Market Value of a share of Stock on the effective date of grant of the Option. Notwithstanding
the foregoing, an Option (whether an Incentive Stock Option or a Nonstatutory Stock Option) may be granted with an exercise price less
than the minimum exercise price set forth above if such Option is granted pursuant to an assumption or substitution for another option
in a manner that would qualify under the provisions of Section 409A or Section 424(a) of the Code.

 

Section 6.2   Exercisability
and Term of Options.   Options shall be exercisable at such time or times, or upon such event or events, and subject
to such terms, conditions, performance criteria and restrictions as shall be determined by the Committee and set forth in the Award Agreement
evidencing such Option; provided, however, that (a) no Option shall be exercisable after the expiration of ten (10) years after
the effective date of grant of such Option, (b) no Incentive Stock Option granted to a Ten Percent Owner shall be exercisable after
the expiration of five (5) years after the effective date of grant of such Option and (c) no Option granted to an Employee who
is a non-exempt employee for purposes of the Fair Labor Standards Act of 1938, as amended, shall be first exercisable until at least six
(6) months following the date of grant of such Option (except in the event of such Employee’s death, disability or retirement,
upon a Change in Control, or as otherwise permitted by the Worker Economic Opportunity Act). Subject to the foregoing, unless otherwise
specified by the Committee in the grant of an Option, each Option shall terminate ten (10) years after the effective date of
grant of the Option, unless earlier terminated in accordance with its provisions.

 

Section 6.3   Payment of Exercise
Price.

 

(a)   Forms of Consideration
Authorized.   Except as otherwise provided below, payment of the exercise price for the number of shares of Stock
being purchased pursuant to any Option shall be made (i) in cash, by check or in cash equivalent; (ii) if permitted by the Committee
and subject to the limitations contained in Section 6.3(b), by means of (1) a Cashless Exercise, (2) a Stock Tender Exercise
or (3) a Net Exercise; (iii) by such other consideration as may be approved by the Committee from time to time to the extent
permitted by applicable law, or (iv) by any combination thereof. The Committee may at any time or from time to time grant Options
which do not permit all of the foregoing forms of consideration to be used in payment of the exercise price or which otherwise restrict
one or more forms of consideration.

 

(b)   Limitations on Forms of Consideration.

 

(i)   Cashless
Exercise.   A “Cashless Exercise” means the delivery of a properly executed notice of
exercise together with irrevocable instructions to a broker providing for the assignment to the Company of the proceeds of a sale or
loan with respect to some or all of the shares being acquired upon the exercise of the Option (including, without limitation,
through an exercise complying with the provisions of Regulation T as promulgated from time to time by the Board of Governors of
the Federal Reserve System). The Company reserves, at any and all times, the right, in the Company’s sole and absolute
discretion, to establish, decline to approve or terminate any program or procedures for the exercise of Options by means of a
Cashless Exercise, including with respect to one or more Participants specified by the Company notwithstanding that such program or
procedures may be available to other Participants.

 

(ii)   Stock Tender
Exercise.   A “Stock Tender Exercise” means the delivery of a properly executed exercise
notice accompanied by a Participant’s tender to the Company, or attestation to the ownership, in a form acceptable to the Company
of whole shares of Stock owned by the Participant having a Fair Market Value that does not exceed the aggregate exercise price for the
shares with respect to which the Option is exercised. A Stock Tender Exercise shall not be permitted if it would constitute a violation
of the provisions of any law, regulation or agreement restricting the redemption of the Company’s stock. If required by the Company,
an Option may not be exercised by tender to the Company, or attestation to the ownership, of shares of Stock unless such shares either
have been owned by the Participant for a period of time required by the Company (and not used for another option exercise by attestation
during such period) or were not acquired, directly or indirectly, from the Company.

 

    11

     

    

 

(iii)   Net
Exercise.   A “Net Exercise” means the delivery of a properly executed exercise notice followed
by a procedure pursuant to which (1) the Company will reduce the number of shares otherwise issuable to a Participant upon the exercise
of an Option by the largest whole number of shares having a Fair Market Value that does not exceed the aggregate exercise price for the
shares with respect to which the Option is exercised, and (2) the Participant shall pay to the Company in cash the remaining balance
of such aggregate exercise price not satisfied by such reduction in the number of whole shares to be issued.

 

Section 6.4    Effect of Termination
of Service.

 

(a)   Option Exercisability.
Subject to earlier termination of the Option as otherwise provided by this Plan and unless otherwise provided by the Committee, an Option
shall be exercisable after the Participant’s termination of Service to the extent it is then vested only during the applicable time
period determined in accordance with this Section and thereafter shall terminate.

 

(i)   Disability.   If
the Participant’s Service terminates because of the Disability of the Participant, the Option, to the extent unexercised and exercisable
for vested shares on the date on which the Participant’s Service terminated, may be exercised by the Participant (or the Participant’s
guardian or legal representative) at any time prior to the expiration of twelve (12) months (or such longer or shorter period provided
by the Award Agreement) after the date on which the Participant’s Service terminated, but in any event no later than the date of
expiration of the Option’s term as set forth in the Award Agreement evidencing such Option (the “Option Expiration Date”).

 

(ii)   Death.   If
the Participant’s Service terminates because of the death of the Participant, the Option, to the extent unexercised and exercisable
for vested shares on the date on which the Participant’s Service terminated, may be exercised by the Participant’s legal representative
or other person who acquired the right to exercise the Option by reason of the Participant’s death at any time prior to the expiration
of twelve (12) months (or such longer or shorter period provided by the Award Agreement) after the date on which the Participant’s
Service terminated, but in any event no later than the Option Expiration Date. The Participant’s Service shall be deemed to have
terminated on account of death if the Participant dies within three (3) months (or such longer or shorter period provided by the
Award Agreement) after the Participant’s termination of Service.

 

(iii)   Termination
for Cause.   Notwithstanding any other provision of the Plan to the contrary, if the Participant’s Service is
terminated for Cause or if, following the Participant’s termination of Service and during any period in which the Option otherwise
would remain exercisable, the Participant engages in any act that would constitute Cause, the Option shall terminate in its entirety and
cease to be exercisable immediately upon such termination of Service or act.

 

(iv)   Other Termination
of Service.   If the Participant’s Service terminates for any reason, except Disability, death or Cause, the
Option, to the extent unexercised and exercisable for vested shares on the date on which the Participant’s Service terminated, may
be exercised by the Participant at any time prior to the expiration of three (3) months (or such longer or shorter period provided
by the Award Agreement) after the date on which the Participant’s Service terminated, but in any event no later than the Option
Expiration Date.

 

(b)   Extension if
Exercise Prevented by Law.   Notwithstanding the foregoing, other than termination of Service for Cause, if the
exercise of an Option within the applicable time periods set forth in Section 6.4(a) is prevented by the provisions of Section 14
below, the Option shall remain exercisable until the later of (i) thirty (30) days after the date such exercise first would no longer
be prevented by such provisions or (ii) the end of the applicable time period under Section 6.4(a), but in any event no later
than the Option Expiration Date.

 

Section 6.5   Transferability
of Options.   During the lifetime of the Participant, an Option shall be exercisable only by the Participant or
the Participant’s guardian or legal representative. An Option shall not be subject in any manner to anticipation, alienation,
sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s
beneficiary, except transfer by will or by the laws of descent and distribution. Notwithstanding the foregoing, to the extent
permitted by the Committee, in its discretion, and set forth in the Award Agreement evidencing such Option, an Option shall be
assignable or transferable subject to the applicable limitations, if any, described in the General Instructions to Form S-8
under the Securities Act or, in the case of an Incentive Stock Option, only as permitted by applicable regulations under
Section 421 of the Code in a manner that does not disqualify such Option as an Incentive Stock Option. An Option may not be
transferred to a third-party financial institution for value without the approval of the stockholders.

 

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ARTICLE VII

 

Stock Appreciation Rights.

 

Stock Appreciation Rights shall be evidenced
by Award Agreements specifying the number of shares of Stock subject to the Award, in such form as the Committee shall establish. Such
Award Agreements may incorporate all or any of the terms of the Plan by reference and shall comply with and be subject to the following
terms and conditions:

 

Section 7.1   Types
of SARs Authorized.   SARs may be granted in tandem with all or any portion of a related Option (a “Tandem
SAR”) or may be granted independently of any Option (a “Freestanding SAR”). A Tandem SAR may only
be granted concurrently with the grant of the related Option.

 

Section 7.2   Exercise
Price.   The exercise price for each SAR shall be established in the discretion of the Committee; provided, however,
that (a) the exercise price per share subject to a Tandem SAR shall be the exercise price per share under the related Option and
(b) the exercise price per share subject to a Freestanding SAR shall be not less than the Fair Market Value of a share of Stock on
the effective date of grant of the SAR. Notwithstanding the foregoing, an SAR may be granted with an exercise price lower than the minimum
exercise price set forth above if such SAR is granted pursuant to an assumption or substitution for another stock appreciation right in
a manner that would qualify under the provisions of Section 409A of the Code.

 

Section 7.3   Exercisability and
Term of SARs.

 

(a)   Tandem
SARs.   Tandem SARs shall be exercisable only at the time and to the extent, and only to the extent, that the
related Option is exercisable, subject to such provisions as the Committee may specify where the Tandem SAR is granted with respect
to less than the full number of shares of Stock subject to the related Option. The Committee may, in its discretion, provide in any
Award Agreement evidencing a Tandem SAR that such SAR may not be exercised without the advance approval of the Company and, if such
approval is not given, then the Option shall nevertheless remain exercisable in accordance with its terms. A Tandem SAR shall
terminate and cease to be exercisable no later than the date on which the related Option expires or is terminated or canceled. Upon
the exercise of a Tandem SAR with respect to some or all of the shares subject to such SAR, the related Option shall be canceled
automatically as to the number of shares with respect to which the Tandem SAR was exercised. Upon the exercise of an Option related
to a Tandem SAR as to some or all of the shares subject to such Option, the related Tandem SAR shall be canceled automatically as to
the number of shares with respect to which the related Option was exercised.

 

(b)   Freestanding
SARs.   Freestanding SARs shall be exercisable at such time or times, or upon such event or events, and subject
to such terms, conditions, performance criteria and restrictions as shall be determined by the Committee and set forth in the Award Agreement
evidencing such SAR; provided, however, that (i) no Freestanding SAR shall be exercisable after the expiration of ten (10) years
after the effective date of grant of such SAR and (ii) no Freestanding SAR granted to an Employee who is a non-exempt employee for
purposes of the Fair Labor Standards Act of 1938, as amended, shall be first exercisable until at least six (6) months following
the date of grant of such SAR (except in the event of such Employee’s death, disability or retirement, upon a Change in Control,
or as otherwise permitted by the Worker Economic Opportunity Act). Subject to the foregoing, unless otherwise specified by the Committee
in the grant of a Freestanding SAR, each Freestanding SAR shall terminate ten (10) years after the effective date of grant of the
SAR, unless earlier terminated in accordance with its provisions.

 

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Section 7.4   Exercise
of SARs.   Upon the exercise (or deemed exercise pursuant to Section 7.5) of an SAR, the Participant (or the
Participant’s legal representative or other person who acquired the right to exercise the SAR by reason of the
Participant’s death) shall be entitled to receive payment of an amount for each share with respect to which the SAR is
exercised equal to the excess, if any, of the Fair Market Value of a share of Stock on the date of exercise of the SAR over the
exercise price. Payment of such amount shall be made (a) in the case of a Tandem SAR, solely in shares of Stock in a lump sum
upon the date of exercise of the SAR and (b) in the case of a Freestanding SAR, in cash, shares of Stock, or any combination
thereof as determined by the Committee, in a lump sum upon the date of exercise of the SAR. When payment is to be made in shares of
Stock, the number of shares to be issued shall be determined on the basis of the Fair Market Value of a share of Stock on the date
of exercise of the SAR. For purposes of Section 7, an SAR shall be deemed exercised on the date on which the Company receives
notice of exercise from the Participant or as otherwise provided in Section 7.5.

 

Section 7.5   Deemed
Exercise of SARs.   If, on the date on which an SAR would otherwise terminate or expire, the SAR by its terms remains
exercisable immediately prior to such termination or expiration and, if so exercised, would result in a payment to the holder of such
SAR, then any portion of such SAR which has not previously been exercised shall automatically be deemed to be exercised as of such date
with respect to such portion.

 

Section 7.6   Effect
of Termination of Service.   Subject to earlier termination of the SAR as otherwise provided herein and unless otherwise
provided by the Committee, an SAR shall be exercisable after a Participant’s termination of Service only to the extent and during
the applicable time period determined in accordance with Section 6.4 (treating the SAR as if it were an Option) and thereafter shall
terminate.

 

Section 7.7   Transferability
of SARs.   During the lifetime of the Participant, an SAR shall be exercisable only by the Participant or the Participant’s
guardian or legal representative. An SAR shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment,
pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s beneficiary, except transfer by will or
by the laws of descent and distribution. Notwithstanding the foregoing, to the extent permitted by the Committee, in its discretion, and
set forth in the Award Agreement evidencing such Award, a Tandem SAR related to a Nonstatutory Stock Option or a Freestanding SAR shall
be assignable or transferable subject to the applicable limitations, if any, described in the General Instructions to Form S-8 under
the Securities Act.

 

ARTICLE VIII

 

Restricted Stock Awards.

 

Restricted Stock Awards shall be evidenced
by Award Agreements specifying whether the Award is a Restricted Stock Bonus or a Restricted Stock Purchase Right and the number of shares
of Stock subject to the Award, in such form as the Committee shall establish. Such Award Agreements may incorporate all or any of the
terms of the Plan by reference and shall comply with and be subject to the following terms and conditions:

 

Section 8.1   Types
of Restricted Stock Awards Authorized.   Restricted Stock Awards may be granted in the form of either a Restricted
Stock Bonus or a Restricted Stock Purchase Right. Restricted Stock Awards may be granted upon such conditions as the Committee shall determine,
including, without limitation, upon the attainment of one or more Performance Goals described in Section 10.4. If either the grant
of or satisfaction of Vesting Conditions applicable to a Restricted Stock Award is to be contingent upon the attainment of one or more
Performance Goals, the Committee shall follow procedures substantially equivalent to those set forth in Sections 10.3 through 10.5(a).

 

Section 8.2   Purchase
Price.   The purchase price for shares of Stock issuable under each Restricted Stock Purchase Right shall be established
by the Committee in its discretion. No monetary payment (other than applicable tax withholding) shall be required as a condition of receiving
shares of Stock pursuant to a Restricted Stock Bonus, the consideration for which shall be services actually rendered to a Participating
Company or for its benefit. Notwithstanding the foregoing, if required by applicable state corporate law, the Participant shall furnish
consideration in the form of cash or past services rendered to a Participating Company or for its benefit having a value not less than
the par value of the shares of Stock subject to a Restricted Stock Award.

 

Section 8.3   Purchase
Period.   A Restricted Stock Purchase Right shall be exercisable within a period established by the Committee, which
shall in no event exceed thirty (30) days from the effective date of the grant of the Restricted Stock Purchase Right.

 

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Section 8.4   Payment
of Purchase Price.   Except as otherwise provided below, payment of the purchase price for the number of shares of
Stock being purchased pursuant to any Restricted Stock Purchase Right shall be made (a) in cash, by check or in cash equivalent,
(b) by such other consideration as may be approved by the Committee from time to time to the extent permitted by applicable law,
or (c) by any combination thereof.

 

Section 8.5   Vesting
and Restrictions on Transfer.   Shares issued pursuant to any Restricted Stock Award may (but need not) be made subject
to Vesting Conditions based upon the satisfaction of such Service requirements, conditions, restrictions or performance criteria, including,
without limitation, Performance Goals as described in Section 10.4, as shall be established by the Committee and set forth in the
Award Agreement evidencing such Award. During any period in which shares acquired pursuant to a Restricted Stock Award remain subject
to Vesting Conditions, such shares may not be sold, exchanged, transferred, pledged, assigned or otherwise disposed of other than pursuant
to an Ownership Change Event or as provided in Section 8.8. The Committee, in its discretion, may provide in any Award Agreement
evidencing a Restricted Stock Award that, if the satisfaction of Vesting Conditions with respect to any shares subject to such Restricted
Stock Award would otherwise occur on a day on which the sale of such shares would violate the provisions of the Trading Compliance Policy,
then satisfaction of the Vesting Conditions automatically shall be determined on the next trading day on which the sale of such shares
would not violate the Trading Compliance Policy. Upon request by the Company, each Participant shall execute any agreement evidencing
such transfer restrictions prior to the receipt of shares of Stock hereunder and shall promptly present to the Company any and all certificates
representing shares of Stock acquired hereunder for the placement on such certificates of appropriate legends evidencing any such transfer
restrictions.

 

Section 8.6   Voting
Rights; Dividends and Distributions.   Except as provided in this Section, Section 8.5 and any Award Agreement,
during any period in which shares acquired pursuant to a Restricted Stock Award remain subject to Vesting Conditions, the Participant
shall have all of the rights of a stockholder of the Company holding shares of Stock, including the right to vote such shares and to receive
all dividends and other distributions paid with respect to such shares; provided, however, that if so determined by the Committee and
provided by the Award Agreement, such dividends and distributions shall be subject to the same Vesting Conditions as the shares subject
to the Restricted Stock Award with respect to which such dividends or distributions were paid, and otherwise shall be paid no later than
the end of the calendar year in which such dividends or distributions are paid to stockholders (or, if later, the 15th day of the third
month following the date such dividends or distributions are paid to stockholders). In the event of a dividend or distribution paid in
shares of Stock or other property or any other adjustment made upon a change in the capital structure of the Company as described in Section 4.3,
any and all new, substituted or additional securities or other property (other than regular, periodic cash dividends) to which the Participant
is entitled by reason of the Participant’s Restricted Stock Award shall be immediately subject to the same Vesting Conditions as
the shares subject to the Restricted Stock Award with respect to which such dividends or distributions were paid or adjustments were made.

 

Section 8.7   Effect
of Termination of Service.   Unless otherwise provided by the Committee in the Award Agreement evidencing a Restricted
Stock Award, if a Participant’s Service terminates for any reason, whether voluntary or involuntary (including the Participant’s
death or disability), then (a) the Company shall have the option to repurchase for the purchase price paid by the Participant any
shares acquired by the Participant pursuant to a Restricted Stock Purchase Right which remain subject to Vesting Conditions as of the
date of the Participant’s termination of Service and (b) the Participant shall forfeit to the Company any shares acquired by
the Participant pursuant to a Restricted Stock Bonus which remain subject to Vesting Conditions as of the date of the Participant’s
termination of Service. The Company shall have the right to assign at any time any repurchase right it may have, whether or not such right
is then exercisable, to one or more persons as may be selected by the Company.

 

Section 8.8   Nontransferability
of Restricted Stock Award Rights.   Rights to acquire shares of Stock pursuant to a Restricted Stock Award shall not
be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance or garnishment by creditors
of the Participant or the Participant’s beneficiary, except transfer by will or the laws of descent and distribution. All rights
with respect to a Restricted Stock Award granted to a Participant hereunder shall be exercisable during his or her lifetime only by such
Participant or the Participant’s guardian or legal representative.

 

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ARTICLE IX

 

Restricted Stock Units.

 

Restricted Stock Unit Awards shall be
evidenced by Award Agreements specifying the number of Restricted Stock Units subject to the Award, in such form as the Committee shall
establish. Such Award Agreements may incorporate all or any of the terms of the Plan by reference and shall comply with and be subject
to the following terms and conditions:

 

Section 9.1   Grant
of Restricted Stock Unit Awards.   Restricted Stock Unit Awards may be granted upon such conditions as the Committee
shall determine, including, without limitation, upon the attainment of one or more Performance Goals described in Section 10.4. If
either the grant of a Restricted Stock Unit Award or the Vesting Conditions with respect to such Award is to be contingent upon the attainment
of one or more Performance Goals, the Committee shall follow procedures substantially equivalent to those set forth in Sections 10.3
through 10.5(a).

 

Section 9.2   Purchase
Price.   No monetary payment (other than applicable tax withholding, if any) shall be required as a condition of receiving
a Restricted Stock Unit Award, the consideration for which shall be services actually rendered to a Participating Company or for its benefit.
Notwithstanding the foregoing, if required by applicable state corporate law, the Participant shall furnish consideration in the form
of cash or past services rendered to a Participating Company or for its benefit having a value not less than the par value of the shares
of Stock issued upon settlement of the Restricted Stock Unit Award.

 

Section 9.3   Vesting.   Restricted
Stock Unit Awards may (but need not) be made subject to Vesting Conditions based upon the satisfaction of such Service requirements, conditions,
restrictions or performance criteria, including, without limitation, Performance Goals as described in Section 10.4, as shall be
established by the Committee and set forth in the Award Agreement evidencing such Award.

 

Section 9.4   Voting
Rights, Dividend Equivalent Rights and Distributions.   Participants shall have no voting rights or dividend rights
with respect to shares of Stock represented by Restricted Stock Units until the date of the issuance of such shares (as evidenced by
the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). However, the Committee, in
its discretion, may provide in the Award Agreement evidencing any Restricted Stock Unit Award that the Participant shall be entitled
to Dividend Equivalent Rights with respect to the payment of cash dividends on Stock during the period beginning on the date such Award
is granted and ending, with respect to each share subject to the Award, on the earlier of the date the Award is settled or the date on
which it is terminated. Dividend Equivalent Rights, if any, shall be paid by crediting the Participant with a cash amount or with additional
whole Restricted Stock Units as of the date of payment of such cash dividends on Stock, as determined by the Committee. The number of
additional Restricted Stock Units (rounded to the nearest whole number), if any, to be credited shall be determined by dividing (a) the
amount of cash dividends paid on the dividend payment date with respect to the number of shares of Stock represented by the Restricted
Stock Units previously credited to the Participant by (b) the Fair Market Value per share of Stock on such date. If so determined
by the Committee and provided by the Award Agreement, such cash amount or additional Restricted Stock Units shall be subject to the same
terms and conditions and shall be settled in the same manner and at the same time as the Restricted Stock Units originally subject to
the Restricted Stock Unit Award. In the event of a dividend or distribution paid in shares of Stock or other property or any other adjustment
made upon a change in the capital structure of the Company as described in Section 4.3, appropriate adjustments shall be made in
the Participant’s Restricted Stock Unit Award so that it represents the right to receive upon settlement any and all new, substituted
or additional securities or other property (other than regular, periodic cash dividends) to which the Participant would be entitled by
reason of the shares of Stock issuable upon settlement of the Award, and all such new, substituted or additional securities or other
property shall be immediately subject to the same Vesting Conditions as are applicable to the Award.

 

Section 9.5   Effect
of Termination of Service.   Unless otherwise provided by the Committee and set forth in the Award Agreement evidencing
a Restricted Stock Unit Award, if a Participant’s Service terminates for any reason, whether voluntary or involuntary (including
the Participant’s death or disability), then the Participant shall forfeit to the Company any Restricted Stock Units pursuant to
the Award which remain subject to Vesting Conditions as of the date of the Participant’s termination of Service.

 

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Section 9.6   Settlement
of Restricted Stock Unit Awards.   The Company shall issue to a Participant on the date on which Restricted Stock Units
subject to the Participant’s Restricted Stock Unit Award vest or on such other date determined by the Committee in compliance with
Section 409A, if applicable, and set forth in the Award Agreement one (1) share of Stock (and/or any other new, substituted
or additional securities or other property pursuant to an adjustment described in Section 9.4) for each Restricted Stock Unit then
becoming vested or otherwise to be settled on such date, subject to the withholding of applicable taxes, if any. The Committee, in its
discretion, may provide in any Award Agreement evidencing a Restricted Stock Unit Award that if the settlement date with respect to any
shares issuable upon vesting of Restricted Stock Units would otherwise occur on a day on which the sale of such shares would violate the
provisions of the Trading Compliance Policy, then the settlement date shall be deferred until the next trading day on which the sale of
such shares would not violate the Trading Compliance Policy but in any event no later than the 15th
day of the third calendar month following the year in which such Restricted Stock Units vest. If permitted by the Committee, the Participant
may elect, consistent with the requirements of Section 409A, to defer receipt of all or any portion of the shares of Stock or other
property otherwise issuable to the Participant pursuant to this Section, and such deferred issuance date(s) and amount(s) elected
by the Participant shall be set forth in the Award Agreement. Notwithstanding the foregoing, the Committee, in its discretion, may provide
for settlement of any Restricted Stock Unit Award by payment to the Participant in cash of an amount equal to the Fair Market Value on
the payment date of the shares of Stock or other property otherwise issuable to the Participant pursuant to this Section.

 

Section 9.7   Nontransferability
of Restricted Stock Unit Awards.   The right to receive shares pursuant to a Restricted Stock Unit Award shall not
be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors
of the Participant or the Participant’s beneficiary, except transfer by will or by the laws of descent and distribution. All rights
with respect to a Restricted Stock Unit Award granted to a Participant hereunder shall be exercisable during his or her lifetime only
by such Participant or the Participant’s guardian or legal representative.

 

ARTICLE X

 

Performance Awards.

 

Performance Awards shall be evidenced
by Award Agreements in such form as the Committee shall establish. Such Award Agreements may incorporate all or any of the terms of the
Plan by reference and shall comply with and be subject to the following terms and conditions:

 

Section 10.1   Types
of Performance Awards Authorized.   Performance Awards may be granted in the form of either Performance Shares or
Performance Units. Each Award Agreement evidencing a Performance Award shall specify the number of Performance Shares or Performance
Units subject thereto, the Performance Award Formula, the Performance Goal(s) and Performance Period applicable to the Award,
and the other terms, conditions and restrictions of the Award.

 

Section 10.2   Initial
Value of Performance Shares and Performance Units.   Unless otherwise provided by the Committee in granting a Performance
Award, each Performance Share shall have an initial monetary value equal to the Fair Market Value of one (1) share of Stock, subject
to adjustment as provided in Section 4.3, on the effective date of grant of the Performance Share, and each Performance Unit shall
have an initial monetary value established by the Committee at the time of grant. The final value payable to the Participant in settlement
of a Performance Award determined on the basis of the applicable Performance Award Formula will depend on the extent to which Performance
Goals established by the Committee are attained within the applicable Performance Period established by the Committee.

 

Section 10.3   Establishment
of Performance Period, Performance Goals and Performance Award Formula.   In granting each Performance Award, the Committee
shall establish in writing the applicable Performance Period, Performance Award Formula and one or more Performance Goals which, when
measured at the end of the Performance Period, shall determine on the basis of the Performance Award Formula the final value of the Performance
Award to be paid to the Participant. The Company shall notify each Participant granted a Performance Award of the terms of such Award,
including the Performance Period, Performance Goal(s) and Performance Award Formula.

 

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Section 10.4   Measurement
of Performance Goals.   Performance Goals shall be established by the Committee on the basis of targets to be attained
(“Performance Targets”) with respect to one or more measures of business or financial performance or other criteria
established by the Committee (each, a “Performance Measure”), subject to the following:

 

(a)   Performance
Measures.   Performance Measures based on objective criteria shall be calculated in accordance with the Company’s
financial statements, or, if such measures are not reported in the Company’s financial statements, they shall be calculated in accordance
with generally accepted accounting principles, a method used generally in the Company’s industry, or in accordance with a methodology
established by the Committee prior to the grant of the Performance Award. Performance Measures based on subjective criteria shall be determined
on the basis established by the Committee in granting the Award. As specified by the Committee, Performance Measures may be calculated
with respect to the Company and each Subsidiary Corporation consolidated therewith for financial reporting purposes, one or more Subsidiary
Corporations or such division or other business unit of any of them selected by the Committee. Unless otherwise determined by the Committee
prior to the grant of the Performance Award, the Performance Measures applicable to the Performance Award shall be calculated prior to
the accrual of expense for any Performance Award for the same Performance Period and excluding the effect (whether positive or negative)
on the Performance Measures of any change in accounting standards or any unusual or infrequently occurring event or transaction, as determined
by the Committee, occurring after the establishment of the Performance Goals applicable to the Performance Award. Each such adjustment,
if any, shall be made solely for the purpose of providing a consistent basis from period to period for the calculation of Performance
Measures in order to prevent the dilution or enlargement of the Participant’s rights with respect to a Performance Award. Performance
Measures may be based upon one or more of the following, without limitation, as determined by the Committee:

 

		(i)	revenue;

 

		(ii)	sales;

 

		(iii)	expenses;

 

		(iv)	operating income;

 

		(v)	gross margin;

 

		(vi)	operating margin;

 

		(vii)	earnings before any one or more of:
stock-based compensation expense, interest, taxes, depreciation and amortization;

 

		(viii)	pre-tax profit;

 

		(ix)	net operating income;

 

		(x)	net income;

 

		(xi)	economic value added;

 

		(xii)	free cash flow;

 

		(xiii)	operating cash flow;

 

		(xiv)	balance of cash, cash equivalents and marketable
securities;

 

		(xv)	stock price;

 

		(xvi)	earnings per share;

 

		(xvii)	return on stockholder equity;

 

		(xviii)	return on capital;

 

		(xix)	return on assets;

 

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		(xx)	return on investment;

 

		(xxi)	total stockholder return;

 

		(xxii)	employee satisfaction;

 

		(xxiii)	employee retention;

 

		(xxiv)	market share;

 

		(xxv)	customer satisfaction;

 

		(xxvi)	product development;

 

		(xxvii)	research and development expenses;

 

		(xxviii)	completion of an identified special project;

 

		(xxix)	completion of a joint venture or other corporate
transaction; and

 

		(xxx)	personal performance objectives established
for an individual Participant or group of Participants.

 

(b)   Performance
Targets.   Performance Targets may include a minimum, maximum, target level and intermediate levels of performance,
with the final value of a Performance Award determined under the applicable Performance Award Formula by the Performance Target level
attained during the applicable Performance Period. A Performance Target may be stated as an absolute value, an increase or decrease in
a value, or as a value determined relative to an index, budget or other standard selected by the Committee.

 

Section 10.5   Settlement of Performance
Awards.

 

(a)   Determination
of Final Value.   As soon as practicable following the completion of the Performance Period applicable to a Performance
Award, the Committee shall determine the extent to which the applicable Performance Goals have been attained and the resulting final value
of the Award earned by the Participant and to be paid upon its settlement in accordance with the applicable Performance Award Formula.

 

(b)   Discretionary
Adjustment of Award Formula.   In its discretion, the Committee may, either at the time it grants a
Performance Award or at any time thereafter, provide for the positive or negative adjustment of the Performance Award Formula
applicable to a Performance Award granted to any Participant to reflect such Participant’s individual performance in his or
her position with the Company or such other factors as the Committee may determine.

 

(c)   Effect of Leaves
of Absence.   Unless otherwise required by law or a Participant’s Award Agreement, payment of the final value,
if any, of a Performance Award held by a Participant who has taken in excess of thirty (30) days in unpaid leaves of absence during a
Performance Period shall be prorated on the basis of the number of days of the Participant’s Service during the Performance Period
during which the Participant was not on an unpaid leave of absence.

 

(d)   Notice to Participants.   As
soon as practicable following the Committee’s determination in accordance with Sections 10.5(a) and (b), the Company shall
notify each Participant of the determination of the Committee.

 

(e)   Payment
in Settlement of Performance Awards.   As soon as practicable following the Committee’s determination
in accordance with Sections 10.5(a) and (b), but in any event within the Short-Term Deferral Period described in
Section 15.1 (except as otherwise provided below or consistent with the requirements of Section 409A), payment shall be
made to each eligible Participant (or such Participant’s legal representative or other person who acquired the right to
receive such payment by reason of the Participant’s death) of the final value of the Participant’s Performance Award.
Payment of such amount shall be made in cash, shares of Stock, or a combination thereof as determined by the Committee. Unless
otherwise provided in the Award Agreement evidencing a Performance Award, payment shall be made in a lump sum. If permitted by the
Committee, the Participant may elect, consistent with the requirements of Section 409A, to defer receipt of all or any portion
of the payment to be made to the Participant pursuant to this Section, and such deferred payment date(s) elected by the
Participant shall be set forth in the Award Agreement. If any payment is to be made on a deferred basis, the Committee may, but
shall not be obligated to, provide for the payment during the deferral period of Dividend Equivalent Rights or interest.

 

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(f)   Provisions
Applicable to Payment in Shares.   If payment is to be made in shares of Stock, the number of such shares shall
be determined by dividing the final value of the Performance Award by the Fair Market Value of a share of Stock determined by the method
specified in the Award Agreement. Shares of Stock issued in payment of any Performance Award may be fully vested and freely transferable
shares or may be shares of Stock subject to Vesting Conditions as provided in Section 8.5. Any shares subject to Vesting Conditions
shall be evidenced by an appropriate Award Agreement and shall be subject to the provisions of Sections 8.5 through 8.8 above.

 

Section 10.6   Voting
Rights; Dividend Equivalent Rights and Distributions.   Participants shall have no voting rights or dividend rights
with respect to shares of Stock represented by Performance Share Awards until the date of the issuance of such shares, if any (as evidenced
by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). However, the Committee, in
its discretion, may provide in the Award Agreement evidencing any Performance Share Award that the Participant shall be entitled to Dividend
Equivalent Rights with respect to the payment of cash dividends on Stock during the period beginning on the date the Award is granted
and ending, with respect to each share subject to the Award, on the earlier of the date on which the Performance Shares are settled or
the date on which they are forfeited. Such Dividend Equivalent Rights, if any, shall be credited to the Participant either in cash or
in the form of additional whole Performance Shares as of the date of payment of such cash dividends on Stock, as determined by the Committee.
The number of additional Performance Shares (rounded to the nearest whole number), if any, to be so credited shall be determined by dividing
(a) the amount of cash dividends paid on the dividend payment date with respect to the number of shares of Stock represented by the
Performance Shares previously credited to the Participant by (b) the Fair Market Value per share of Stock on such date. Dividend
Equivalent Rights, if any, shall be accumulated and paid to the extent that the related Performance Shares become nonforfeitable. Settlement
of Dividend Equivalent Rights may be made in cash, shares of Stock, or a combination thereof as determined by the Committee, and may be
paid on the same basis as settlement of the related Performance Share as provided in Section 10.5. Dividend Equivalent Rights shall
not be paid with respect to Performance Units. In the event of a dividend or distribution paid in shares of Stock or other property or
any other adjustment made upon a change in the capital structure of the Company as described in Section 4.3, appropriate adjustments
shall be made in the Participant’s Performance Share Award so that it represents the right to receive upon settlement any and all
new, substituted or additional securities or other property (other than regular, periodic cash dividends) to which the Participant would
be entitled by reason of the shares of Stock issuable upon settlement of the Performance Share Award, and all such new, substituted or
additional securities or other property shall be immediately subject to the same Performance Goals as are applicable to the Award.

 

Section 10.7   Effect
of Termination of Service.   Unless otherwise provided by the Committee and set forth in the Award Agreement evidencing
a Performance Award, the effect of a Participant’s termination of Service on the Performance Award shall be as follows:

 

(a)   Death or Disability.   If
the Participant’s Service terminates because of the death or Disability of the Participant before the completion of the Performance
Period applicable to the Performance Award, the final value of the Participant’s Performance Award shall be determined by the extent
to which the applicable Performance Goals have been attained with respect to the entire Performance Period and shall be prorated based
on the number of months of the Participant’s Service during the Performance Period. Payment shall be made following the end
of the Performance Period in any manner permitted by Section 10.5.

 

(b)   Other Termination
of Service.   If the Participant’s Service terminates for any reason except death or Disability before the
completion of the Performance Period applicable to the Performance Award, such Award shall be forfeited in its entirety; provided, however,
that in the event of an involuntary termination of the Participant’s Service, the Committee, in its discretion, may waive the automatic
forfeiture of all or any portion of any such Award and determine the final value of the Performance Award in the manner provided by Section 10.7(a).
Payment of any amount pursuant to this Section shall be made following the end of the Performance Period in any manner permitted
by Section 10.5.

 

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Section 10.8   Nontransferability
of Performance Awards.   Prior to settlement in accordance with the provisions of the Plan, no Performance Award shall
be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors
of the Participant or the Participant’s beneficiary, except transfer by will or by the laws of descent and distribution. All rights
with respect to a Performance Award granted to a Participant hereunder shall be exercisable during his or her lifetime only by such Participant
or the Participant’s guardian or legal representative.

 

ARTICLE XI

 

Cash-Based Awards and Other Stock-Based
Awards.

 

Cash-Based Awards and Other Stock-Based
Awards shall be evidenced by Award Agreements in such form as the Committee shall establish. Such Award Agreements may incorporate all
or any of the terms of the Plan by reference and shall comply with and be subject to the following terms and conditions:

 

Section 11.1   Grant
of Cash-Based Awards.   Subject to the provisions of the Plan, the Committee, at any time and from time to time, may
grant Cash-Based Awards to Participants in such amounts and upon such terms and conditions, including the achievement of performance criteria,
as the Committee may determine.

 

Section 11.2   Grant
of Other Stock-Based Awards.   The Committee may grant other types of equity-based or equity-related Awards not otherwise
described by the terms of this Plan (including the grant or offer for sale of unrestricted securities, stock-equivalent units, stock
appreciation units, securities or debentures convertible into common stock or other forms determined by the Committee) in such amounts
and subject to such terms and conditions as the Committee shall determine. Other Stock-Based Awards may be made available as a form of
payment in the settlement of other Awards or as payment in lieu of compensation to which a Participant is otherwise entitled. Other Stock-Based
Awards may involve the transfer of actual shares of Stock to Participants, or payment in cash or otherwise of amounts based on the value
of Stock and may include, without limitation, Awards designed to comply with or take advantage of the applicable local laws of jurisdictions
other than the United States.

 

Section 11.3   Value
of Cash-Based and Other Stock-Based Awards.   Each Cash-Based Award shall specify a monetary payment amount or payment
range as determined by the Committee. Each Other Stock-Based Award shall be expressed in terms of shares of Stock or units based
on such shares of Stock, as determined by the Committee. The Committee may require the satisfaction of such Service requirements, conditions,
restrictions or performance criteria, including, without limitation, Performance Goals as described in Section 10.4, as shall be
established by the Committee and set forth in the Award Agreement evidencing such Award. If the Committee exercises its discretion to
establish performance criteria, the final value of Cash-Based Awards or Other Stock-Based Awards that will be paid to the Participant
will depend on the extent to which the performance criteria are met.

 

Section 11.4   Payment
or Settlement of Cash-Based Awards and Other Stock-Based Awards.   Payment or settlement, if any, with respect to a
Cash-Based Award or an Other Stock-Based Award shall be made in accordance with the terms of the Award, in cash, shares of Stock or other
securities or any combination thereof as the Committee determines. To the extent applicable, payment or settlement with respect to each
Cash-Based Award and Other Stock-Based Award shall be made in compliance with the requirements of Section 409A.

 

Section 11.5   Voting
Rights; Dividend Equivalent Rights and Distributions.   Participants shall have no voting rights or dividend
rights with respect to shares of Stock represented by Other Stock-Based Awards until the date of the issuance of such shares of
Stock (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), if
any, in settlement of such Award. However, the Committee, in its discretion, may provide in the Award Agreement evidencing any Other
Stock-Based Award that the Participant shall be entitled to Dividend Equivalent Rights with respect to the payment of cash dividends
on Stock during the period beginning on the date such Award is granted and ending, with respect to each share subject to the Award,
on the earlier of the date the Award is settled or the date on which it is terminated. Such Dividend Equivalent Rights, if any,
shall be paid in accordance with the provisions set forth in Section 9.4. Dividend Equivalent
Rights shall not be granted with respect to Cash-Based Awards. In the event of a dividend or distribution paid in shares of Stock or other
property or any other adjustment made upon a change in the capital structure of the Company as described in Section 4.3, appropriate
adjustments shall be made in the Participant’s Other Stock-Based Award so that it represents the right to receive upon settlement
any and all new, substituted or additional securities or other property (other than regular, periodic cash dividends) to which the Participant
would be entitled by reason of the shares of Stock issuable upon settlement of such Award, and all such new, substituted or additional
securities or other property shall be immediately subject to the same Vesting Conditions and performance criteria, if any, as are applicable
to the Award.

 

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Section 11.6   Effect
of Termination of Service.   Each Award Agreement evidencing a Cash-Based Award or Other Stock-Based Award shall set
forth the extent to which the Participant shall have the right to retain such Award following termination of the Participant’s Service.
Such provisions shall be determined in the discretion of the Committee, need not be uniform among all Cash-Based Awards or Other Stock-Based
Awards, and may reflect distinctions based on the reasons for termination, subject to the requirements of Section 409A, if applicable.

 

Section 11.7   Nontransferability
of Cash-Based Awards and Other Stock-Based Awards.   Prior to the payment or settlement of a Cash-Based Award or Other
Stock-Based Award, the Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge,
encumbrance, or garnishment by creditors of the Participant or the Participant’s beneficiary, except transfer by will or by the
laws of descent and distribution. The Committee may impose such additional restrictions on any shares of Stock issued in settlement of
Cash-Based Awards and Other Stock-Based Awards as it may deem advisable, including, without limitation, minimum holding period requirements,
restrictions under applicable federal securities laws, under the requirements of any stock exchange or market upon which such shares of
Stock are then listed and/or traded, or under any state securities laws or foreign law applicable to such shares of Stock.

 

ARTICLE XII

 

Standard Forms of Award Agreement.

 

Section 12.1   Award
Agreements.   Each Award shall comply with and be subject to the terms and conditions set forth in the appropriate
form of Award Agreement approved by the Committee and as amended from time to time. No Award or purported Award shall be a valid and binding
obligation of the Company unless evidenced by a fully executed Award Agreement, which execution may be evidenced by electronic means.

 

Section 12.2   Authority
to Vary Terms.   The Committee shall have the authority from time to time to vary the terms of any
standard form of Award Agreement either in connection with the grant or amendment of an individual Award or in connection with the
authorization of a new standard form or forms; provided, however, that the terms and conditions of any such new, revised or amended
standard form or forms of Award Agreement are not inconsistent with the terms of the Plan.

 

ARTICLE XIII

 

Change in Control.

 

Section 13.1   Effect
of Change in Control on Awards.   In the event of a Change in Control, outstanding Awards shall be subject to the definitive
agreement entered into by the Company in connection with the Change in Control. Subject to the requirements and limitations of Section 409A,
if applicable, the Committee may provide for any one or more of the following:

 

(a)   Accelerated
Vesting.   In its discretion, the Committee may provide in the grant of any Award or at any other time may take
such action as it deems appropriate to provide for acceleration of the exercisability, vesting and/or settlement in connection with a
Change in Control of each or any outstanding Award or portion thereof and shares acquired pursuant thereto upon such conditions, including
termination of the Participant’s Service prior to, upon, or following the Change in Control, and to such extent as the Committee
determines.

 

    22

     

    

 

(b)   Assumption,
Continuation or Substitution.   In the event of a Change in Control, the surviving, continuing, successor, or purchasing
corporation or other business entity or parent thereof, as the case may be (the “Acquiror”), may, without the
consent of any Participant, assume or continue the Company’s rights and obligations under each or any Award or portion thereof outstanding
immediately prior to the Change in Control or substitute for each or any such outstanding Award or portion thereof a substantially equivalent
award with respect to the Acquiror’s stock, as applicable. For purposes of this Section, if so determined by the Committee in its
discretion, an Award denominated in shares of Stock shall be deemed assumed if, following the Change in Control, the Award confers the
right to receive, subject to the terms and conditions of the Plan and the applicable Award Agreement, for each share of Stock subject
to the Award immediately prior to the Change in Control, the consideration (whether stock, cash, other securities or property or a combination
thereof) to which a holder of a share of Stock on the effective date of the Change in Control was entitled (and if holders were offered
a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding shares of Stock); provided,
however, that if such consideration is not solely common stock of the Acquiror, the Committee may, with the consent of the Acquiror, provide
for the consideration to be received upon the exercise or settlement of the Award, for each share of Stock subject to the Award, to consist
solely of common stock of the Acquiror equal in Fair Market Value to the per share consideration received by holders of Stock pursuant
to the Change in Control. Any Award or portion thereof which is neither assumed or continued by the Acquiror in connection with the Change
in Control nor exercised or settled as of the time of consummation of the Change in Control shall terminate and cease to be outstanding
effective as of the time of consummation of the Change in Control.

 

(c)   Cash-Out of
Outstanding Stock-Based Awards.   The Committee may, in its discretion and without the consent of any Participant,
determine that, upon the occurrence of a Change in Control, each or any Award denominated in shares of Stock or portion thereof outstanding
immediately prior to the Change in Control and not previously exercised or settled shall be canceled in exchange for a payment with respect
to each vested share (and each unvested share, if so determined by the Committee) of Stock subject to such canceled Award in (i) cash,
(ii) stock of the Company or of a corporation or other business entity a party to the Change in Control, or (iii) other property
which, in any such case, shall be in an amount having a Fair Market Value equal to the Fair Market Value of the consideration to be paid
per share of Stock in the Change in Control, reduced (but not below zero) by the exercise or purchase price per share, if any, under such
Award. In the event such determination is made by the Committee, an Award having an exercise or purchase price per share equal to or greater
than the Fair Market Value of the consideration to be paid per share of Stock in the Change in Control may be canceled without payment
of consideration to the holder thereof. Payment pursuant to this Section (reduced by applicable withholding taxes, if any) shall
be made to Participants in respect of the vested portions of their canceled Awards as soon as practicable following the date of the Change
in Control and in respect of the unvested portions of their canceled Awards in accordance with the vesting schedules applicable to such
Awards, consistent with the requirements of Section 409A, if applicable.

 

Section 13.2   Effect
of Change in Control on Nonemployee Director Awards.   Subject to the requirements and limitations of
Section 409A, if applicable, including as provided by Section 15.4(f), in the event of a Change in Control, each
outstanding Nonemployee Director Award shall become immediately exercisable and vested in full and, except to the extent assumed,
continued or substituted for pursuant to Section 13.1(b), shall be settled effective immediately prior to the time of
consummation of the Change in Control.

 

Section 13.3   Federal Excise Tax
Under Section 4999 of the Code.

 

(a)   Excess Parachute
Payment.   If any acceleration of vesting pursuant to an Award and any other payment or benefit received or to
be received by a Participant would subject the Participant to any excise tax pursuant to Section 4999 of the Code due to the characterization
of such acceleration of vesting, payment or benefit as an “excess parachute payment” under Section 280G of the Code,
then, provided such election would not subject the Participant to taxation under Section 409A, the Participant may elect to reduce
the amount of any acceleration of vesting called for under the Award in order to avoid such characterization.

 

    23

     

    

 

(b)   Determination
by Tax Firm.   To aid the Participant in making any election called for under Section 13.3(a), no later
than the date of the occurrence of any event that might reasonably be anticipated to result in an “excess parachute
payment” to the Participant as described in Section 13.3(a), the Company shall request a determination in writing by the
professional firm engaged by the Company for general tax purposes, or, if the tax firm so engaged by the Company is serving as
accountant or auditor for the Acquiror, the Company will appoint a nationally recognized tax firm to make the determinations
required by this Section (the “Tax Firm”). As soon as practicable thereafter, the Tax Firm shall
determine and report to the Company and the Participant the amount of such acceleration of vesting, payments and benefits which
would produce the greatest after-tax benefit to the Participant. For the purposes of such determination, the Tax Firm may rely on
reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and the
Participant shall furnish to the Tax Firm such information and documents as the Tax Firm may reasonably request in order to make its
required determination. The Company shall bear all fees and expenses the Tax Firm charges in connection with its services
contemplated by this Section.

 

ARTICLE XIV

 

Compliance with Securities Law.

 

The grant of Awards and the issuance of
shares of Stock pursuant to any Award shall be subject to compliance with all applicable requirements of federal, state and foreign law
with respect to such securities and the requirements of any stock exchange or market system upon which the Stock may then be listed. In
addition, no Award may be exercised or shares issued pursuant to an Award unless (a) a registration statement under the Securities
Act shall at the time of such exercise or issuance be in effect with respect to the shares issuable pursuant to the Award, or (b) in
the opinion of legal counsel to the Company, the shares issuable pursuant to the Award may be issued in accordance with the terms of an
applicable exemption from the registration requirements of the Securities Act. The inability of the Company to obtain from any regulatory
body having jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the lawful issuance and
sale of any shares under the Plan shall relieve the Company of any liability in respect of the failure to issue or sell such shares as
to which such requisite authority shall not have been obtained. As a condition to issuance of any Stock, the Company may require the Participant
to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to
make any representation or warranty with respect thereto as may be requested by the Company.

 

ARTICLE XV

 

Compliance with Section 409A.

 

Section 15.1   Awards
Subject to Section 409A.   The Company intends that Awards granted pursuant to the Plan shall either be
exempt from or comply with Section 409A, and the Plan shall be so construed. The provisions of this Section 15 shall apply
to any Award or portion thereof that constitutes or provides for payment of Section 409A Deferred Compensation. Such Awards may
include, without limitation:

 

(a)   A Nonstatutory Stock
Option or SAR that includes any feature for the deferral of compensation other than the deferral of recognition of income until the later
of (i) the exercise or disposition of the Award or (ii) the time the stock acquired pursuant to the exercise of the Award first
becomes substantially vested.

 

(b)   Any Restricted Stock
Unit Award, Performance Award, Cash-Based Award or Other Stock-Based Award that either (i) provides by its terms for settlement of
all or any portion of the Award at a time or upon an event that will or may occur later than the end of the Short-Term Deferral Period
(as defined below) or (ii) permits the Participant granted the Award to elect one or more dates or events upon which the Award will
be settled after the end of the Short-Term Deferral Period.

 

Subject
to the provisions of Section 409A, the term “Short-Term Deferral Period” means the
21∕2 month period ending on the later of
(i) the 15th day of the third month following the end of the Participant’s taxable year in which the right to payment
under the applicable portion of the Award is no longer subject to a substantial risk of forfeiture or (ii) the 15th day of the
third month following the end of the Company’s taxable year in which the right to payment under the applicable portion of the
Award is no longer subject to a substantial risk of forfeiture. For this purpose, the term “substantial risk of
forfeiture” shall have the meaning provided by Section 409A.

 

    24

     

    

 

Section 15.2   Deferral
and/or Distribution Elections.   Except as otherwise permitted or required by Section 409A, the following rules shall
apply to any compensation deferral and/or payment elections (each, an “Election”) that may be permitted or required
by the Committee pursuant to an Award providing Section 409A Deferred Compensation:

 

(a)   Elections must be
in writing and specify the amount of the payment in settlement of an Award being deferred, as well as the time and form of payment as
permitted by this Plan.

 

(b)   Elections shall be
made by the end of the Participant’s taxable year prior to the year in which services commence for which an Award may be granted
to the Participant.

 

(c)   Elections shall continue
in effect until a written revocation or change in Election is received by the Company, except that a written revocation or change in Election
must be received by the Company prior to the last day for making the Election determined in accordance with paragraph (b) above or
as permitted by Section 15.3.

 

Section 15.3   Subsequent
Elections.   Except as otherwise permitted or required by Section 409A, any Award providing Section 409A
Deferred Compensation which permits a subsequent Election to delay the payment or change the form of payment in settlement of such Award
shall comply with the following requirements:

 

(a)   No subsequent Election
may take effect until at least twelve (12) months after the date on which the subsequent Election is made.

 

(b)   Each subsequent Election
related to a payment in settlement of an Award not described in Section 15.4(a)(ii), 15.4(a)(iii) or 15.4(a)(vi) must result
in a delay of the payment for a period of not less than five (5) years from the date on which such payment would otherwise have been
made.

 

(c)   No subsequent Election
related to a payment pursuant to Section 15.4(a)(iv) shall be made less than twelve (12) months before the date on which such
payment would otherwise have been made.

 

(d)   Subsequent Elections
shall continue in effect until a written revocation or change in the subsequent Election is received by the Company, except that a written
revocation or change in a subsequent Election must be received by the Company prior to the last day for making the subsequent Election
determined in accordance the preceding paragraphs of this Section 15.3.

 

    25

     

    

 

Section 15.4   Payment of Section 409A
Deferred Compensation.

 

(a)   Permissible
Payments.   Except as otherwise permitted or required by Section 409A, an Award providing Section 409A
Deferred Compensation must provide for payment in settlement of the Award only upon one or more of the following:

 

(i)   The Participant’s “separation
from service” ​(as defined by Section 409A);

 

(ii)   The Participant’s becoming “disabled”
​(as defined by Section 409A);

 

(iii)   The Participant’s death;

 

(iv)   A time or fixed
schedule that is either (i) specified by the Committee upon the grant of an Award and set forth in the Award Agreement evidencing
such Award or (ii) specified by the Participant in an Election complying with the requirements of Section 15.2 or 15.3, as applicable;

 

(v)   A change in the
ownership or effective control or the Company or in the ownership of a substantial portion of the assets of the Company determined in
accordance with Section 409A; or

 

(vi)   The occurrence of an “unforeseeable
emergency” ​(as defined by Section 409A).

 

(b)   Installment
Payments.   It is the intent of this Plan that any right of a Participant to receive installment payments (within
the meaning of Section 409A) shall, for all purposes of Section 409A, be treated as a right to a series of separate payments.

 

(c)   Required Delay
in Payment to Specified Employee Pursuant to Separation from Service.   Notwithstanding any provision of the Plan
or an Award Agreement to the contrary, except as otherwise permitted by Section 409A, no payment pursuant to Section 15.4(a)(i) in
settlement of an Award providing for Section 409A Deferred Compensation may be made to a Participant who is a “specified employee”
​(as defined by Section 409A) as of the date of the Participant’s separation from service before the date (the “Delayed
Payment Date”) that is six (6) months after the date of such Participant’s separation from service, or, if earlier,
the date of the Participant’s death. All such amounts that would, but for this paragraph, become payable prior to the Delayed Payment
Date shall be accumulated and paid on the Delayed Payment Date.

 

(d)   Payment Upon
Disability.   All distributions of Section 409A Deferred Compensation payable pursuant to Section 15.4(a)(ii) by
reason of a Participant becoming disabled shall be paid in a lump sum or in periodic installments as established by the Participant’s
Election. If the Participant has made no Election with respect to distributions of Section 409A Deferred Compensation upon becoming
disabled, all such distributions shall be paid in a lump sum upon the determination that the Participant has become disabled.

 

(e)   Payment Upon
Death.   If a Participant dies before complete distribution of amounts payable upon settlement of an Award subject
to Section 409A, such undistributed amounts shall be distributed to his or her beneficiary under the distribution method for death
established by the Participant’s Election upon receipt by the Committee of satisfactory notice and confirmation of the Participant’s
death. If the Participant has made no Election with respect to distributions of Section 409A Deferred Compensation upon death, all
such distributions shall be paid in a lump sum upon receipt by the Committee of satisfactory notice and confirmation of the Participant’s
death.

 

(f)   Payment Upon
Change in Control.   Notwithstanding any provision of the Plan or an Award Agreement to the contrary, to the extent
that any amount constituting Section 409A Deferred Compensation would become payable under this Plan by reason of a Change in Control,
such amount shall become payable only if the event constituting a Change in Control would also constitute a change in ownership or effective
control of the Company or a change in the ownership of a substantial portion of the assets of the Company within the meaning of Section 409A.
Any Award which constitutes Section 409A Deferred Compensation and which would vest and otherwise become payable upon a Change in
Control as a result of the failure of the Acquiror to assume, continue or substitute for such Award in accordance with Section 13.1(b) shall
vest to the extent provided by such Award but shall be converted automatically at the effective time of such Change in Control into a
right to receive, in cash on the date or dates such award would have been settled in accordance with its then existing settlement schedule
(or as required by Section 15.4(c)), an amount or amounts equal in the aggregate to the intrinsic value of the Award at the time
of the Change in Control.

 

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(g)   Payment
Upon Unforeseeable Emergency.   The Committee shall have the authority to provide in the Award Agreement
evidencing any Award providing for Section 409A Deferred Compensation for payment pursuant to Section 15.4(a)(vi) in
settlement of all or a portion of such Award in the event that a Participant establishes, to the satisfaction of the Committee, the
occurrence of an unforeseeable emergency. In such event, the amount(s) distributed with respect to such unforeseeable emergency
cannot exceed the amounts reasonably necessary to satisfy the emergency need plus amounts necessary to pay taxes reasonably
anticipated as a result of such distribution(s), after taking into account the extent to which such emergency need is or may be
relieved through reimbursement or compensation by insurance or otherwise, by liquidation of the Participant’s assets (to the
extent the liquidation of such assets would not itself cause severe financial hardship) or by cessation of deferrals under the
Award. All distributions with respect to an unforeseeable emergency shall be made in a lump sum upon the Committee’s
determination that an unforeseeable emergency has occurred. The Committee’s decision with respect to whether an unforeseeable
emergency has occurred and the manner in which, if at all, the payment in settlement of an Award shall be altered or modified, shall
be final, conclusive, and not subject to approval or appeal.

 

(h)   Prohibition
of Acceleration of Payments. Notwithstanding any provision of the Plan or an Award Agreement to the contrary, this Plan does not
permit the acceleration of the time or schedule of any payment under an Award providing Section 409A Deferred Compensation, except
as permitted by Section 409A.

 

(i)   No Representation
Regarding Section 409A Compliance. Notwithstanding any other provision of the Plan, the Company makes no representation that
Awards shall be exempt from or comply with Section 409A. No Participating Company shall be liable for any tax, penalty or interest
imposed on a Participant by Section 409A.

 

    27

     

    

 

ARTICLE XVI

 

Tax Withholding.

 

Section 16.1   Tax
Withholding in General.   The Company shall have the right to deduct from any and all payments made under the Plan,
or to require the Participant, through payroll withholding, cash payment or otherwise, to make adequate provision for, the federal, state,
local and foreign taxes (including social insurance), if any, required by law to be withheld by any Participating Company with respect
to an Award or the shares acquired pursuant thereto. The Company shall have no obligation to deliver shares of Stock, to release shares
of Stock from an escrow established pursuant to an Award Agreement, or to make any payment in cash under the Plan until the Participating
Company Group’s tax withholding obligations have been satisfied by the Participant.

 

Section 16.2   Withholding
in or Directed Sale of Shares.   The Company shall have the right, but not the obligation, to deduct from the shares
of Stock issuable to a Participant upon the exercise or settlement of an Award, or to accept from the Participant the tender of, a number
of whole shares of Stock having a Fair Market Value, as determined by the Company, equal to all or any part of the tax withholding obligations
of any Participating Company. The Fair Market Value of any shares of Stock withheld or tendered to satisfy any such tax withholding obligations
shall not exceed the amount determined by the applicable minimum statutory withholding rates (or the maximum individual statutory withholding
rates for the applicable jurisdiction if use of such rates would not result in adverse accounting consequences or cost). The Company may
require a Participant to direct a broker, upon the vesting, exercise or settlement of an Award, to sell a portion of the shares subject
to the Award determined by the Company in its discretion to be sufficient to cover the tax withholding obligations of any Participating
Company and to remit an amount equal to such tax withholding obligations to such Participating Company in cash.

 

ARTICLE XVII

 

Amendment,
Suspension or Termination of Plan.

 

The Committee may amend, suspend or
terminate the Plan at any time. However, without the approval of the Company’s stockholders, there shall be (a) no
increase in the maximum aggregate number of shares of Stock that may be issued under the Plan (except by operation of the provisions
of Sections 4.2 and 4.3), (b) no change in the class of persons eligible to receive Incentive Stock Options, and
(c) no other amendment of the Plan that would require approval of the Company’s stockholders under any applicable law,
regulation or rule, including the rules of any stock exchange or quotation system upon which the Stock may then be listed or
quoted. No amendment, suspension or termination of the Plan shall affect any then outstanding Award unless expressly provided by the
Committee. Except as provided by the next sentence, no amendment, suspension or termination of the Plan may have a materially
adverse effect on any then outstanding Award without the consent of the Participant. Notwithstanding any other provision of the Plan
or any Award Agreement to the contrary, the Committee may, in its sole and absolute discretion and without the consent of any
Participant, amend the Plan or any Award Agreement, to take effect retroactively or otherwise, as it deems necessary or advisable
for the purpose of conforming the Plan or such Award Agreement to any present or future law, regulation or rule applicable to
the Plan, including, but not limited to, Section 409A.

 

    28

     

    

 

ARTICLE XVIII

 

Miscellaneous Provisions.

 

Section 18.1   Repurchase
Rights.   Shares issued under the Plan may be subject to one or more repurchase options, or other
conditions and restrictions as determined by the Committee in its discretion at the time the Award is granted. The Company shall
have the right to assign at any time any repurchase right it may have, whether or not such right is then exercisable, to one or more
persons as may be selected by the Company. Upon request by the Company, each Participant shall execute any agreement evidencing such
transfer restrictions prior to the receipt of shares of Stock hereunder and shall promptly present to the Company any and all
certificates representing shares of Stock acquired hereunder for the placement on such certificates of appropriate legends
evidencing any such transfer restrictions.

 

Section 18.2   Forfeiture Events.

 

(a)   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 specified events, in addition to any otherwise applicable vesting
or performance conditions of an Award. Such events may include, but shall not be limited to, termination of Service for Cause or any act
by a Participant, whether before or after termination of Service, that would constitute Cause for termination of Service, or any accounting
restatement due to material noncompliance of the Company with any financial reporting requirements of securities laws as a result of which,
and to the extent that, such reduction, cancellation, forfeiture, or recoupment is required by applicable securities laws. In addition,
to the extent that claw-back or similar provisions applicable to Awards are required by applicable law, listing standards and/or policies
adopted by the Company, Awards granted under the Plan shall be subject to such provisions.

 

(b)   If the Company is
required to prepare an accounting restatement due to the material noncompliance of the Company, as a result of misconduct, with any financial
reporting requirement under the securities laws, any Participant who knowingly or through gross negligence engaged in the misconduct,
or who knowingly or through gross negligence failed to prevent the misconduct, and any Participant who is one of the individuals subject
to automatic forfeiture under Section 304 of the Sarbanes-Oxley Act of 2002, shall reimburse the Company for (i) the amount
of any payment in settlement of an Award received by such Participant during the twelve- (12-) month period following the first public
issuance or filing with the United States Securities and Exchange Commission (whichever first occurred) of the financial document embodying
such financial reporting requirement, and (ii) any profits realized by such Participant from the sale of securities of the Company
during such twelve- (12-) month period.

 

Section 18.3   Provision
of Information.   Each Participant shall be given access to information concerning the Company equivalent to that information
generally made available to the Company’s common stockholders.

 

Section 18.4   Rights
as Employee, Consultant or Director.   No person, even though eligible pursuant to Section 5, shall have a
right to be selected as a Participant, or, having been so selected, to be selected again as a Participant. Nothing in the Plan or
any Award granted under the Plan shall confer on any Participant a right to remain an Employee, Consultant or Director or interfere
with or limit in any way any right of a Participating Company to terminate the Participant’s Service at any time. To the
extent that an Employee of a Participating Company other than the Company receives an Award under the Plan, that Award shall in no
event be understood or interpreted to mean that the Company is the Employee’s employer or that the Employee has an employment
relationship with the Company.

 

Section 18.5   Rights
as a Stockholder.   A Participant shall have no rights as a stockholder with respect to any shares covered by an Award
until the date of the issuance of such shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized
transfer agent of the Company). No adjustment shall be made for dividends, distributions or other rights for which the record date is
prior to the date such shares are issued, except as provided in Section 4.3 or another provision of the Plan.

 

Section 18.6   Delivery
of Title to Shares.   Subject to any governing rules or regulations, the Company shall issue or cause to be issued
the shares of Stock acquired pursuant to an Award and shall deliver such shares to or for the benefit of the Participant by means of one
or more of the following: (a) by delivering to the Participant evidence of book entry shares of Stock credited to the account of
the Participant, (b) by depositing such shares of Stock for the benefit of the Participant with any broker with which the Participant
has an account relationship, or (c) by delivering such shares of Stock to the Participant in certificate form.

 

Section 18.7   Fractional
Shares.   The Company shall not be required to issue fractional shares upon the exercise or settlement of any Award.

 

    29

     

    

 

Section 18.8   Retirement
and Welfare Plans.   Neither Awards made under this Plan nor shares of Stock or cash paid pursuant to such Awards may
be included as “compensation” for purposes of computing the benefits payable to any Participant under any Participating Company’s
retirement plans (both qualified and non-qualified) or welfare benefit plans unless such other plan expressly provides that such compensation
shall be taken into account in computing a Participant’s benefit. In addition, unless a written employment agreement or other service
agreement specifically references Awards, a general reference to “benefits” or a similar term in such agreement shall not
be deemed to refer to Awards granted hereunder.

 

Section 18.9   Beneficiary
Designation.   Subject to local laws and procedures, each Participant may file with the Company a written designation
of a beneficiary who is to receive any benefit under the Plan to which the Participant is entitled in the event of such Participant’s
death before he or she receives any or all of such benefit. Each designation will revoke all prior designations by the same Participant,
shall be in a form prescribed by the Company, and will be effective only when filed by the Participant in writing with the Company during
the Participant’s lifetime. If a married Participant designates a beneficiary other than the Participant’s spouse, the effectiveness
of such designation may be subject to the consent of the Participant’s spouse. If a Participant dies without an effective designation
of a beneficiary who is living at the time of the Participant’s death, the Company will pay any remaining unpaid benefits to the
Participant’s legal representative.

 

Section 18.10   Severability.   If
any one or more of the provisions (or any part thereof) of this Plan shall be held invalid, illegal or unenforceable in any respect, such
provision shall be modified so as to make it valid, legal and enforceable, and the validity, legality and enforceability of the remaining
provisions (or any part thereof) of the Plan shall not in any way be affected or impaired thereby.

 

Section 18.11   No
Constraint on Corporate Action.   Nothing in this Plan shall be construed to: (a) limit, impair, or otherwise
affect the Company’s or another Participating Company’s right or power to make adjustments, reclassifications, reorganizations,
or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part
of its business or assets; or (b) limit the right or power of the Company or another Participating Company to take any action which
such entity deems to be necessary or appropriate.

 

Section 18.12   Unfunded
Obligation.   Participants shall have the status of general unsecured creditors of the Company. Any amounts payable
to Participants pursuant to the Plan shall be considered unfunded and unsecured obligations for all purposes, including, without limitation,
Title I of the Employee Retirement Income Security Act of 1974. No Participating Company shall be required to segregate any monies from
its general funds, or to create any trusts, or establish any special accounts with respect to such obligations. The Company shall retain
at all times beneficial ownership of any investments, including trust investments, which the Company may make to fulfill its payment obligations
hereunder. Any investments or the creation or maintenance of any trust or any Participant account shall not create or constitute a trust
or fiduciary relationship between the Committee or any Participating Company and a Participant, or otherwise create any vested or beneficial
interest in any Participant or the Participant’s creditors in any assets of any Participating Company. The Participants shall have
no claim against any Participating Company for any changes in the value of any assets which may be invested or reinvested by the Company
with respect to the Plan.

 

Section 18.13   Choice
of Law.   Except to the extent governed by applicable federal law, the validity, interpretation, construction and performance
of the Plan and each Award Agreement shall be governed by the laws of the State of California, without regard to its conflict of law rules.

 

    30

     

    

 

IN
WITNESS WHEREOF, the undersigned Secretary of the Company certifies that the foregoing sets forth the GSI Technology, Inc.
2016 Equity Incentive Plan as duly adopted by the Board on July 7, 2021.

 

	 	/s/ Robert Yau
	 	Robert Yau, Secretary

 

    31Exhibit 4.1

 

Share Certificate of Yoshitsu Co., Ltd

 

No. C001

 

Share Certificate for Ten Shares

 

Company Name:   Yoshitsu Co., Ltd

 

Restriction on Transfer of Shares: The
acquisition of our shares by transfer shall be subject to the approval of our general meeting of shareholders.

 

In accordance with our Articles of Incorporation, this share certificate
certifies that the holder of this certificate is a shareholder of the above number of shares.

 

	 	Yoshitsu Co., Ltd
	 	 
	 	Representative Director: Mei Kanayama

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