Document:

Exhibit 10.1

 

 

 

THIRTEENTH AMENDED AND RESTATED

BANCFIRST CORPORATION STOCK OPTION PLAN

 

		1.	PURPOSE. This Thirteenth Amended and Restated BancFirst Corporation Stock Option
Plan (“the Plan”) incorporates the amendments to the Twelfth Amended and Restated BancFirst Corporation Stock Option
Plan adopted by the board of directors of BancFirst Corporation (the “Corporation”) on October 23, 2014.

 

The Plan is intended as an incentive
and to encourage stock ownership by certain key employees and officers of the Corporation in order to increase their proprietary
interest in the Corporation's success.

 

The Plan is intended to comply
with Section 409A of the United States Tax Code.

 

		2.	DEFINITIONS. As used herein, the following terms shall have the corresponding meanings:

			

		2.1.	“Committee” shall mean the Board of Directors of the Corporation, or the Executive
Committee of the Board of Directors acting under authority delegated by the Board of Directors.

 

		2.2	“Common Stock” shall mean the common stock, par value $1.00 per share, of the Corporation.

 

		2.3.	“Date of Grant” shall mean the date of the approval by the Committee of a Stock Option
granted hereunder as set forth in the Stock Option Award Terms and Conditions. In the event of a grant conditioned, among other
things, upon stockholder ratification of this Plan, the date of such conditional grant shall be the Date of Grant for purposes
of this Plan.

 

		2.4.	“Employee” shall mean any common-law employee of the Corporation. The determination
of whether or not a person is an Employee of the Corporation with respect to the grant or exercise of an Incentive Stock Option
shall be made in accordance with the rule of Income Tax Regulation Section 1.421-7(h) (or successor regulation).

 

		2.5.	“Fair Market Value” shall mean, with respect to the grant of an option under the Plan,
(a) if the Common Stock is listed on a national securities exchange or the NASDAQ Global Market, the closing price of the Common
Stock for the business day of the Date of Grant, or (b) if the Common Stock is not then listed on an exchange, the average of the
closing bid and asked prices per share for the Common Stock in the over-the-counter market as quoted on such market for the business
day of the Date of Grant, or (c) if the Common Stock is not then listed on any exchange or quoted on an over-the-counter market,
an amount determined in good faith by the Committee to be the fair market value of the Common Stock, after consideration of all
relevant factors, on the Date of Grant. In all events, “Fair Market Value” shall be determined in good faith by the
Committee in a manner that will comply with the provisions of Section 409A of the Code and the regulations promulgated thereunder.

 

		2.6	“Nonqualified Stock Option” shall mean a Stock Option which is not intended to qualify
for tax treatment as an “incentive stock option” under Section 422 of the Code.

 

		2.7	“Option Exercise Price” shall mean the price paid for Shares upon the exercise of a
Stock Option granted hereunder.

 

		2.8	“Optionee” shall mean any person entitled to exercise a Stock Option pursuant to the
terms of the Plan.

 

		2.9	“Stock Option” shall mean a stock option giving an Optionee the right to purchase shares
of the Corporation’s Common Stock. Stock Options granted under the Plan shall be Nonqualified Stock Options.

 

 

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		3.	ADMINISTRATION.

 

		3.1	AUTHORITY; INDEMNIFICATION. Within the limitations described herein, the Committee shall
administer the Plan, select the Employees of the Corporation, including officers of the Corporation, to whom Stock Options shall
be granted, determine the number of Shares to be subject to each grant, determine the method of payment upon exercise of each Stock
Option, determine all other terms of Stock Options granted hereunder and interpret, construe and implement the provisions of the
Plan. All questions of interpretation of the Plan or any Stock Option granted under the Plan shall be determined by the Committee,
and such decisions shall be binding upon all persons having an interest in the Plan and/or any Stock Option. No member of the Committee
shall be liable for any action or determination made in good faith, and the members shall be entitled to indemnification and reimbursement
in the manner provided in the Corporation's Certificate of Incorporation, or as otherwise permitted by law. A member of the Committee
shall be eligible to receive a grant of a Stock Option under the Plan on the same terms as other Employees. However, if the Committee
grants Stock Options to a member of the Committee, such grant shall not be effective until such grant is approved by the Compensation
Committee, consisting of three or more "independent directors" as defined in and determined pursuant to the Marketplace
Rules of the NASDAQ Global Market, Inc. ("NASDAQ") or any other stock exchange upon which the Common Stock of the Corporation
is listed.

 

		3.2	RULE 16B-3 COMPLIANCE. With respect to the participation of eligible participants who are
subject to Section 16(b) of the Exchange Act, the Plan shall be administered in compliance with the requirements of Rule 16b-3.

 

		4.	ELIGIBILITY. The individuals who shall be eligible to participate in the Plan shall
be such key Employees (including officers) of BancFirst Corporation, or of any corporation (“Subsidiary”) in which
the Corporation has proprietary interest by reason of stock ownership or otherwise, including any corporation in which the Corporation
acquires a proprietary interest after the adoption of this Plan (but only if the Corporation owns, directly or indirectly, stock
possessing not less than 50% of the total combined voting power of all classes of stock in the corporation), as the Committee shall
determine from time to time.

 

		5.	STOCK. The stock subject to Stock Options and other provisions of the Plan shall
be shares of the Corporation’s authorized but unissued Common Stock or treasury stock, as determined by the Committee. Subject
to adjustment in accordance with the provisions of Subparagraph 6.7 hereof, the total number of shares of Common Stock of the Corporation
on which Stock Options may be granted under the Plan subsequent to the effective date of this amended and restated Plan shall not
exceed in the aggregate 1,142,591 shares. In the event that any outstanding Stock Option under the Plan for any reason expires
or is terminated prior to the end of the period during which Stock Options may be granted, the shares of the Common Stock allocable
to the unexercised portion of such Stock Option may again be subject to a Stock Option under the Plan.

 

		6.	TERMS AND CONDITIONS OF STOCK OPTIONS. Stock Options granted pursuant to the Plan
shall be evidenced by a Stock Option Award Terms and Conditions document in such form as the Committee shall, from time to time,
approve. Awards shall comply with and be subject to the following terms and conditions:

 

		6.1	MEDIUM AND TIME OF PAYMENT. The Option Exercise Price shall be payable in United States
Dollars upon the exercise of the Stock Option and may be paid in cash or by certified check, bank draft or money order payable
to the order of the Corporation, unless otherwise determined by the Committee.

 

 

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		6.2	NUMBER OF SHARES. The Stock Option shall state the total number of shares to which it pertains.

 

		6.3	OPTION EXERCISE PRICE. The Option Exercise Price shall be not less than the Fair Market
Value of the Common Stock on the Date of Grant.

 

		6.4	TERM OF STOCK OPTIONS. The period during which Stock Options shall be exercisable shall
be fixed by the Committee, but in no event shall a Stock Option be exercisable after the expiration of fifteen (15) years from
the date such Stock Option is granted. Subject to the foregoing, Stock Options shall be exercisable at such times and be subject
to such restrictions and conditions as the Committee shall in each instance determine, which restrictions and conditions need not
be the same for all Stock Options.

 

		6.5	DATE OF EXERCISE. Unless otherwise determined by the Committee at the time of granting a
Stock Option, Stock Options shall be exercisable at the rate set forth below beginning four years from the Date of Grant. After
becoming exercisable, the Stock Option may be exercised at any time and from time to time in whole or in part until termination
of the Stock Option as set forth in Sections 6.4 or 6.6.

 

	 	 	 	 	 	 	 	Cumulative	 
	Elapsed Years from	 	 	Percent	 	 	 	Percent	 
	Date of Grant	 	 	of Shares 	 	 	 	of Shares	 
	 	 	 	 	 	 	 	 	 
	less than 4 years	 	 	0	%	 	 	0	%
	4 but less than 5 years	 	 	25	%	 	 	25	%
	5 but less than 6 years	 	 	25	%	 	 	50	%
	6 but less than 7 years	 	 	25	%	 	 	75	%
	7 or more years	 	 	25	%	 	 	100	%

 

		6.6	TERMINATION OF EMPLOYMENT. In the event that an Optionee's employment by the Corporation
shall terminate, his Stock Option whether or not then exercisable shall terminate immediately; provided, however, that if the termination
is not as a result of embezzlement, theft or other violation of the law, the Optionee shall have the right to exercise his option
(to the extent exercisable at the time of termination) at any time within 30 days after such termination; provided, further, that
if any termination of employment is related to the Optionee's retirement with the consent of the Corporation, the Optionee shall
have the right to exercise his Stock Option (to the extent exercisable up to the date of retirement) at any time within three months
after such retirement; and provided, further, that if the Optionee shall die while in the employment of the Corporation or within
the period of time after termination of employment or retirement during which he was entitled to exercise his option as hereinabove
provided, his estate, personal representative, or beneficiary shall have the right to exercise his Stock Option (to the extent
exercisable at the date of death) at any time within twelve (12) months from the date of his death.

 

		6.7	RECAPITALIZATION. The aggregate number of shares of Common Stock on which Stock Options
may be granted to persons participating under the Plan, the number of shares thereof covered by each outstanding Stock Option,
and the price per share thereof in each such Stock Option, shall all be proportionately adjusted for any increase or decrease in
the number of issued shares of Common Stock of the Corporation resulting from a subdivision or consolidation of shares or other
capital adjustment, or the payment of a stock dividend or other increase or decrease in such shares, effected without receipt of
consideration by the Corporation; provided, however, that any fractional shares resulting from such adjustment shall be eliminated.
In the event of a change in the Corporation's Common Stock which is limited to a change in the designation thereof to “Capital
Stock” or other similar designation, or a change in the par value thereof, or from par value to no par value, without increase
in the number of issued shares, the shares resulting from any such change shall be deemed to be Common Stock within the meaning
of the Plan.

 

 

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		6.8	REORGANIZATION OF CORPORATION. Subject to any required action by the stockholders, if the
Corporation shall be the surviving or resulting corporation in any merger or consolidation which does not result in change of control
of the Corporation, any Stock Option granted hereunder shall pertain to and apply to the securities to which a holder of the number
of shares of Common Stock subject to the Stock Option would have been entitled. In the event of a dissolution or liquidation of
the Corporation or a merger or consolidation in which the Corporation is not the surviving or resulting corporation or which results
in a change in control of the Corporation, or a tender or exchange offer which results in a change in control of the Corporation,
the Committee shall determine: (i) whether all or any part of the unexercisable portion (as set forth in section 6.5) of any Stock
Option outstanding under the Plan shall terminate; (ii) whether the Stock Options shall become immediately exercisable; or (iii)
whether such Stock Options may be exchanged for options covering securities of any such surviving or resulting corporation, subject
to the agreement of any such surviving or resulting corporation, on terms and conditions substantially similar to a Stock Option
hereunder.

 

		6.9	ASSIGNABILITY. Except as provided in this Section, no Stock Option shall be assignable or
transferable except as follows:

 

(a)by will or by the laws of
descent and distribution.

 

(b)for the purpose of making
a charitable gift as permitted by Section 6.13.

 

		(c)	to the Optionee as trustee, or to the Optionee and one or more others as co-trustees, of a revocable
trust which allows the Optionee to amend or revoke the trust at any time. If the Optionee relinquishes his power to amend or revoke
the trust or resigns as a trustee, the Optionee shall withdraw the Stock Option from the trust prior to the relinquishment of such
power or his resignation as trustee and shall revest title to the Stock Option in the Optionee’s individual name. If the
trust becomes irrevocable due to the death of the Optionee, the successor or remaining trustee(s) shall have the same power to
exercise the Stock Option under Section 6.6 hereof as the personal representative. If the Optionee becomes incapacitated, the date
of incapacity shall be deemed for purposes of this Plan as the date of termination of employment under Section 6.6 (whether or
not Optionee’s employment has actually terminated), and the successor or remaining trustee(s) of the trust shall have the
same right to exercise the Stock Option as a terminated Optionee has under Section 6.6. The Optionee as trustee and any successor
or remaining trustee(s) shall be bound by all the terms and conditions of the Plan and the Stock Option Award Terms and Conditions
delivered by the Company to the Optionee under this Plan.

 

		(d)	to the extent set forth in the Stock Option Award Terms and Conditions governing such Stock Option.

 

		6.10	OPTIONEE'S AGREEMENT. If, at the time of the exercise of any Stock Option, it is necessary
or desirable, in order to comply with any applicable laws or regulations relating to the sale of securities, that the Optionee
exercising the Stock Option shall agree that he will purchase the shares that are subject to the Stock Option for investment and
not with any present intention to resell the same, the Optionee will, upon the request of the Corporation, execute and deliver
to the Corporation an agreement to such effect.

 

 

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		6.11	RIGHTS AS A STOCKHOLDER. An Optionee shall have no rights as a stockholder with respect
to shares covered by his Stock Option until the date of issuance of the shares to him and only after such shares are fully paid.

 

		6.12	OTHER PROVISIONS. The Stock Option Award Terms and Conditions authorized under the Plan
may contain such other provisions as the Committee shall deem advisable.

 

		6.13	Charitable Gift. An Optionee shall be permitted
to assign his Stock Option without consideration, either in full or in one or more partial assignments from time to time, to any
organization that has been recognized by the Internal Revenue Service as qualifying under Section 501(c)(3) of the Internal Revenue
Code of 1986, as amended (a “Charity”). Assignment(s) may be made during the Optionee’s lifetime or may be effective
upon his death. If a Stock Option is assigned to a Charity, in whole or in part, it shall continue to be subject to the restrictions
of Sections 6.5 and 6.6 hereof, which shall thereafter apply to the same extent as if the Stock Option were still held by the Optionee
himself (if he is living), or by his estate, personal representative or beneficiary (if he is deceased).

 

		7.	MARKETABILITY OF SHARES. The Common Stock is currently traded on the NASDAQ Global
Market. As a result, its liquidity varies widely in response to supply and demand. Consequently, the Corporation can give no assurances
as to the marketability of shares acquired under the Plan.

 

		8.	TAX IMPLICATIONS. It is anticipated that Stock Options granted under the Plan will
be treated as Nonqualified Stock Options by the Internal Revenue Service. As such, exercise of the Stock Option would generate
a taxable event with the difference between the original Option Exercise Price and the Fair Market Value of the Common Stock at
the time of exercise being treated as ordinary income. If a Stock Option is transferred to a Charity as permitted by Sections 6.9(b)
and 6.13 hereof, the Optionee should expect to have ordinary income attributed to him at the time the Charity exercises the Stock
Option, in the same amount and with the same effect as if the Optionee himself exercised the Stock Option.

 

		9.	TERM OF PLAN. No Stock Option may be granted after December 31, 2019.

 

		10.	NO OBLIGATION TO EXERCISE OPTION. The granting of a Stock Option shall impose no
obligation upon the Optionee to exercise such Stock Option.

 

		11.	AMENDMENTS. The Board of Directors may from time to time amend, alter, suspend, or
discontinue the Plan or alter or amend any and all option agreements granted thereunder; provided, however, that no such action
of the Board of Directors may, without approval of the stockholders of the Corporation, alter the provisions of the Plan so as
to (a) materially increase the benefits accruing to participants under the Plan; (b) materially increase the number of securities
which may be issued under the Plan; (c) materially modify the requirements as to eligibility for participation in the Plan; or
(d) decrease the Option Exercise Price of any option exercise agreements, by cancellation and substitution of options or otherwise;
and provided, further, that no amendment may, without the consent of the Optionee, affect any then outstanding Stock Options or
unexercised portions thereof. In addition, the approval of the Corporation's stockholders shall be sought for any amendment to
the Plan or a Stock Option for which the Committee deems stockholder approval necessary in order to comply with Rule 16b-3.”

 

 

    	5Exhibit 10.1

 

MERGER AGREEMENT AND PLAN OF MERGER

 

This Plan of Merger and Merger Agreement (the “Agreement”)
is made effective as of October 16, 2014, by and between FITT HIGHWAY PRODUCTS, INC., a Nevada corporation (the “Company”)
having its principle place of business at 26381 Crown Valley Parkway, Mission Viejo, CA 92691 and GLOBAL FUTURE CITY HOLDING
INC., (“Global”) having its registered agent’s office at 2360 Corporate Circle, Suite 400, Henderson,
NV 89074.

 

WHEREAS, Global is the wholly-owned
subsidiary of the Company;

 

WHEREAS, the Company owns at least
ninety (90%) percent of the outstanding shares of each class of Global entitled to vote on the Merger;

 

WHEREAS, the Board of Directors
of both Global and the Company deem it advisable and in the best interests of their respective companies and shareholders that
Global be merged with and into the Company, with the Company remaining as the surviving corporation under the name, “Global
Future City Holding Inc.”;

 

WHEREAS, the Board of Directors
of Global have approved the plan of merger embodied in this Agreement;

 

WHEREAS, the Board of Directors
of the Company have approved the plan of merger embodied in this Agreement; and

 

WHEREAS, the Company, as the sole
owner of Global, does hereby waive the mailing requirement pursuant to NRS 92A.180

 

NOW, THEREFORE, in consideration
of the mutual agreements and covenants set forth herein, the parties hereto do and hereby agree to merge on the terms and conditions
herein provided, as follows.

 

1.   THE
MERGER

 

		(a)	The Merger

 

Upon the terms and subject to the conditions hereof, on the
Effective Date (as hereinafter defined), Global shall be merged with and into the Company in accordance with the applicable laws
of the State of Nevada (the "Merger"). The separate existence of Global shall cease, and the Company shall be
the surviving corporation (the "Surviving Corporation") under the name "Global Future City Holding Inc.”
and shall be governed by the laws of the State of Nevada.

 

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		(b)	Effective Date

 

The Merger shall become effective on the date
and at the time (the “Effective Date”) that:

 

i.           
The Articles of Merger, in substantially the form annexed hereto as Exhibit I, are accepted and declared effective
by the Secretary of State of the State of Nevada; and

 

ii.           
After satisfaction of the requirements of the laws of the State of Nevada.

 

		(c)	Articles of Incorporation

 

On the Effective Date, the Articles of Incorporation of the Company,
as in effect immediately prior to the Effective Date, shall continue in full force and effect as the Articles of Incorporation
of the Surviving Corporation except that Article 1 of the Articles of Incorporation of the Company, as the Surviving Corporation,
shall be amended to state that the name of the corporation is “Global Future City Holding Inc.”

 

		(d)	Bylaws

 

On the Effective Date, the bylaws of the Company, as in effect immediately
prior to the Effective Date, shall continue in full force and effect as the bylaws of the Surviving Corporation.

 

		(e)	Directors and Officers

 

The directors and officers of the Company immediately prior
to the Effective Date shall be the directors and officers of the Surviving Corporation, until their successors shall have been
duly elected and qualified or until otherwise provided by law, the Articles of Incorporation of the Surviving Corporation, or the
bylaws of the Surviving Corporation.

 

2.   CONVERSION
OF SHARES

 

		(a)	Common Stock of the Company

 

Upon the Effective date, by virtue of the Merger and without any
action on the part of any holder thereof, each share of common stock of the Company, par value of $0.001 per share, issued and
outstanding immediately prior to the Effective Date shall be changed and converted into one fully paid and non-assessable share
of the common stock of the Surviving Corporation, par value of $0.001 per share (the “Survivor Stock”).

 

		(b)	Common Stock of Global

 

Upon the Effective Date, by virtue of the Merger and without any
action on the part of the holder thereof, each share of common stock of Global, par value of $0.001 per share, issued and outstanding
immediately prior to the Effective shall be canceled.

 

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		(c)	Exchange of Certificates

 

Each person who has become entitled to receive any Survivor
Stock by virtue of the Merger shall be entitled to receive from the Surviving Corporation a certificate or certificates the number
of Survivor Stock to which such person is entitled as provided herein.

 

3.   EFFECT
OF THE MERGER

 

		(a)	Rights, Privileges, etc.

 

On the Effective Date of the Merger, the Surviving Corporation,
without further act, deed or other transfer, shall retain or succeed to, as the case may be, and possess and be vested with all
the rights, privileges, immunities, powers, franchises and authority, of a public as well as of a private nature, of Global and
the Company; all property of every description and every interest therein, and all debts and other obligations of or belonging
to or due to each of Global and the Company on whatever account shall thereafter be taken and deemed to be held by or transferred
to, as the case may be, or invested in the Surviving Corporation without further act or deed, title to any real estate, or any
interest therein vested in Global or the Company, shall not revert or in any way be impaired by reason of this merger; and all
of the rights of creditors of Global and the Company shall be preserved unimpaired, and all liens upon the property of Global or
the Company shall be preserved unimpaired, and all debts, liabilities, obligations and duties of the respective corporations shall
thenceforth remain with or be attached to, as the case may be, the Surviving Corporation and may be enforced against it to the
same extent as if all of said debts, liabilities, obligations and duties had been incurred or contracted by it.

 

		(b)	Further Assurances

 

From time to time, as and when required by the Surviving
Corporation, or by its successors and assigns, there shall be executed and delivered on behalf of Global such deeds and other instruments,
and there shall be taken or caused to be taken by it such further other action, as shall be appropriate or necessary in order to
vest or perfect in or to confirm of record or otherwise in the Surviving Corporation, the title to and possession of all the property,
interest, assets, rights, privileges, immunities, powers, franchises and authority of Global and otherwise to carry out the purposes
of this Agreement, and the officers and directors of the Surviving Corporation are fully authorized in the name and on behalf of
Global or otherwise to take any and all such action and to execute and deliver any and all such deeds and other instruments.

 

4.   GENERAL

 

		(a)	Abandonment

 

Notwithstanding any approval of the Merger or this Agreement by
the shareholders of Global or the Company, or both, this Agreement may be terminated and the Merger may be abandoned at any time
prior to the Effective Date, by mutual written agreement of Global and the Company.

 

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		(b)	Amendment

 

At any time prior to the Effective Date, this Agreement may be amended
or modified in writing by the board of directors of both Global and the Company.

 

		(c)	Governing Law

 

This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Nevada.

 

		(d)	Counterparts

 

In order to facilitate the filing and recording of this Agreement,
the same may be executed in any number of counterparts, each of which shall be deemed to be an original.

 

		(e)	Electronic Means

 

Delivery of an executed copy of this Agreement by electronic facsimile
transmission or other means of electronic communication capable of producing a printed copy will be deemed to be execution and
delivery of this Agreement as of the date hereof.

 

		(f)	Notice

 

All notices, requests, demands and other communications under this
Agreement shall be in writing and shall be deemed duly given (i) if delivered by hand and signed for by the party addressed,
on the date of such delivery, (ii) if sent by facsimile with written evidence of successful transmission, on the date of such
transmission, or (iii) if mailed by domestic certified or registered mail with postage prepaid, on the third business day
after the date postmarked. Addresses for notice to either party are as shown on the signature page of this Agreement, or as subsequently
modified by written notice.

 

		(g)	Severability

 

The provisions of this Agreement shall be severable in the event
that any of the provisions hereof (including any provision within a single section, paragraph or sentence) are held by a court
of competent jurisdiction to be invalid, void or otherwise unenforceable, and the remaining provisions shall remain enforceable
to the fullest extent permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement (including,
without limitations, each portion of this Agreement containing any provision held to be invalid, void or otherwise unenforceable
that is not itself invalid, void or unenforceable) shall be construed so as to give effect to the intent manifested by the provision
held invalid, illegal or unenforceable.

 

		(h)	Entire Agreement

 

This Agreement by the parties pursuant hereto represents
the entire understanding and agreement between the parties, and supersedes all prior oral, written, and all contemporaneous oral
negotiations, commitments and understandings.

 

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IN WITNESS WHEREOF, the parties hereto have entered
into and signed this Agreement as of the date set forth above.

 

GLOBAL FUTURE CITY HOLDING INC.

 

Per: Michael R. Dunn

        Print Name

 

        /s/ Michael
R. Dunn
          Authorized Signatory

AGREED TO AND ACCEPTED:

 

 

FITT HIGHWAY PRODUCTS, INC.

 

Per: Michael R. Dunn

        Print Name

 

        /s/ Michael
R. Dunn
          Authorized Signatory

 

 

 

 

 

 

 

 

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EXHIBIT I

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