Document:

China Information Technology, Inc.: Exhibit 4.1 - Filed by newsfilecorp.com

Exhibit 4.1

CHINA INFORMATION TECHNOLOGY, INC. 

2013 EQUITY INCENTIVE PLAN 

	1. 	
      Purposes of the Plan. China Information
      Technology, Inc., a British Virgin Islands company (the “Company”)
      hereby establishes the CHINA INFORMATION TECHNOLOGY, INC. 2013 EQUITY
      INCENTIVE PLAN (the “Plan”). The purposes of this Plan are to
      promote the long- term growth and profitability of the Company and its
      Affiliates by stimulating the efforts of Employees, Directors and
      Consultants of the Company and its Affiliates who are selected to be
      participants, aligning the long-term interests of participants with those
      of shareholders, heightening the desire of participants to continue in
      working toward and contributing to the success of the Company, attracting
      and retaining the best available personnel for positions of substantial
      responsibility, and generally providing additional incentive for them to
      promote the success of the Company’s business through the grant of Awards
      of or pertaining to shares of the Company’s ordinary shares. The Plan
      permits the grant of Incentive Share Options, Nonstatutory Share Options,
      Restricted Shares, Restricted Share Units, Share Appreciation Rights,
      Performance Units and Performance Shares as the Administrator may
      determine.

	 	 
	2. 	
      Definitions. The following definitions will apply
      to the terms in the Plan:

“Administrator” means the Board
or any of its Committees as will be administering the Plan, in accordance with
Section 4. 

“Affiliate” means any
corporation, partnership, limited liability company, limited liability
partnership, business trust, or other entity or person controlling, controlled
by or under common control of the Company, as determined by the Administrator in
its sole discretion. For purposes of this defined term, “control” means having
the power to direct or appoint the management of a company and “controlled” or
“controlling” shall have correlative meanings. The term “Affiliate” shall
include any business venture in which the Company has a direct or indirect
significant interest, as determined by the Administrator in its sole discretion.

“Applicable Laws” means (i) laws
of British Virgin Islands as they relate to the Company and its Shares, (ii) the
legal requirements relating to the Plan and the Awards under applicable
provisions of the corporate, securities, tax and other laws, rules, regulations
and government orders; and (iii) the rules of any applicable stock exchange, of
any jurisdiction applicable to Awards granted to residents therein. 

“Award” means, individually or
collectively, a grant under the Plan of Options, SARs, Restricted Shares,
Restricted Share Units, Performance Units or Performance Shares. 

“Award Agreement” means the
written or electronic agreement setting forth the terms and provisions
applicable to each Award granted under the Plan. The Award Agreement is subject
to the terms and conditions of the Plan. 

“Board” means the Board of
Directors of the Company. 

“Change in Control” means the
occurrence of any of the following events:

	 	(i) 	
      Any “person” (as such term is used in Sections 13(d) and
      14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in
      Rule 13d-3

	 		
      of the Exchange Act), directly or indirectly, of
      securities of the Company representing fifty percent (50%) or more of the
      total voting power represented by the Company's then outstanding voting
      securities; provided however, that for purposes of this subsection, the
      following shall not constitute a Change in Control: (1) any acquisition of
      securities directly from the Company other than an acquisition by virtue
      of the exercise of a conversion privilege unless the security being so
      converted was itself acquired directly from the Company; (2) any
      acquisition by the Company; or (3) any acquisition by an employee benefit
      plan (or related trust) sponsored or maintained by the Company or any
      entity controlled by the Company or

	 	 	 
	 	(ii) 	
      A change in the composition of the Board occurring within
      a two-year period, as a result of which fewer than a majority of the
      directors are Incumbent Directors. “Incumbent Directors” means
      directors who either (A) are Directors as of the effective date of the
      Plan, or (B) are elected, or nominated for election, to the Board with the
      affirmative votes of at least a majority of the Directors at the time of
      such election or nomination (except where such election or nomination is
      in connection with an actual or threatened proxy contest relating to the
      election of directors to the Company);

	 	 	 
	 	(iii) 	
      The consummation of the sale, transfer or other
      disposition by the Company of all or substantially all of the Company's
      assets, except with respect to a sale, transfer or other disposition of
      assets to a Parent, Subsidiary, or Affiliate;

	 	 	 
	 	(iv) 	
      The consummation of a merger or consolidation of the
      Company with or into any other person, unless securities possessing more
      than 50% of the total combined voting power of the survivor’s or
      acquiror’s outstanding securities (or the securities of any parent
      thereof) are held by a person or persons who directly or indirectly held
      securities possessing more than 50% of the total combined voting power of
      the Company’s outstanding securities immediately prior to that
      transaction.

For avoidance of doubt, a transaction
will not constitute a Change in Control if: (i) its sole purpose is to change
the jurisdiction of the Company’s incorporation, or (ii) its sole purpose is to
create a holding company that will be owned in substantially the same
proportions by the persons who held the Company’s securities immediately before
such transaction.

“Code” means the Internal
Revenue Code of 1986, as amended. Any reference in the Plan to a section of the
Code will be a reference to any successor or amended section of the Code. 

“Committee” means a committee or
subcommittee of Directors or of other individuals satisfying Applicable Laws
appointed by the Board in accordance with Section 4 hereof. 

“Company” means CHINA
INFORMATION TECHNOLOGY, INC., a British Virgin Islands company, or any successor
thereto. For purposes of the Plan, the term “Company” shall include any present
or future Parent and Subsidiary.

2 

“Consultant” means any person,
including an advisor, engaged by the Company or any Affiliate of the Company to
render services to such entity if: (i) such person renders bona fide services to
the Company or any Affiliate; (ii) the services rendered by such person are not
in connection with the offer or sale of securities in a capital-raising
transaction and do not directly or indirectly promote or maintain a market for
the Company’s securities; and (iii) such person is a natural person who has
contracted directly with the Company or any Affiliate to render such services.

“Covered Employee” means an
employee who is a “covered employee” within the meaning of Section 162(m) of the
Code. 

“Designated Beneficiary” means
the beneficiary designated by a Participant, in a manner determined by the
Administrator, to receive amounts due or exercise rights of the Participant in
the event of the Participant’s death or, in the absence of an effective
designation by a Participant, the Participant’s estate. 

“Director” means a member of the
Board or any board of directors (or similar governing authority) of any
Affiliate, including a non-employee Director. 

“Disability” generally means
total and permanent disability as determined by the Administrator in its
discretion in accordance with uniform and non-discriminatory standards adopted
by the Administrator from time to time, but “Disability,” for purposes of an
ISO, means total and permanent disability as defined in Section 22(e)(3) of the
Code.

“Employee” means any person,
including Officers and Directors, employed by the Company or any Affiliate of
the Company. Neither service as a Director nor payment of a director's fee by
the Company will be sufficient to constitute “employment” by the Company. 

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

“Fair Market Value” means, as of
any date, the value of ordinary shares determined as follows: 

	 	(i) 	
      If the ordinary shares are listed on any established
      stock exchange or a national market system, including without limitation,
      any division or subdivision of the Nasdaq Stock Market, its Fair Market
      Value will be the closing sales price for such ordinary shares (or the
      closing bid, if no sales were reported) as quoted on such exchange or
      system on the day of determination or, if no closing price is reported on
      that date, the closing price on the next preceding date for which a
      closing price is reported, as reported in The Wall Street Journal
      or such other source as the Administrator deems reliable; or

	 	 	 
	 	(ii) 	
      If the ordinary shares are regularly quoted by a
      recognized securities dealer but selling prices are not reported,
      including without limitation quotation through the over the counter
      bulletin board (“OTCBB”) quotation service administered by the
      Financial Industry Regulatory Authority (“FINRA”), the Fair Market
      Value of a Share will be the mean between the high bid and low asked
      prices for the ordinary shares on the day of determination, as reported in
      The Wall Street Journal or such other source as the Administrator
      deems reliable; or

3 

	 	(iii) 	
      In the absence of an established market for the ordinary
      shares of the type described in (i) and (ii), above, the Fair Market Value
      will be determined in good faith by the Administrator, and to the extent
      Section 15 applies (a) with respect to ISOs, the Fair Market Value shall
      be determined in a manner consistent with Code Section 422 or (b) with
      respect to NSOs or SARs, the Fair Market Value shall be determined in a
      manner consistent with Code Section 409A.

“Grant Date” means, for all
purposes, the date on which the Administrator determines to grant an Award, or
such other later date as is determined by the Administrator, provided that the
Administrator cannot grant an Award prior to the date the material terms of the
Award are established. Notice of the Administrator’s determination to grant an
Award will be provided to each Participant within a reasonable time after the
Grant Date.

“Incentive Share Option” or
“ISO” means an Option that by its terms qualifies and is otherwise intended
to qualify as an Incentive Share Option within the meaning of Section 422 of the
Code and the regulations promulgated thereunder. 

“Nonstatutory Share Option” or
“NSO” means an Option that by its terms does not qualify or is not intended
to qualify as an ISO. 

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

“Option” means a share option
granted pursuant to the Plan. 

“Optionee” means the holder of
an outstanding Option. 

“Parent” means a “parent
corporation,” whether now or hereafter existing, as defined in Section 424(e) of
the Code. 

“Participant” means the holder
of an outstanding Award. 

“Performance Period” means, in
respect of a Performance Share or Performance Unit or Qualified
Performance-Based Awards, the time period during which the performance
objectives or other vesting provisions must be met.

“Performance Share” means an
Award denominated in Shares which may vest in whole or in part upon attainment
of performance goals or other vesting criteria as the Administrator may
determine pursuant to Section 10. 

“Performance Unit” means an
Award which may vest in whole or in part upon attainment of performance goals or
other vesting criteria as the Administrator may determine and which may be
settled for cash, Shares or other securities or a combination of the foregoing
pursuant to Section 10. 

“Period of Restriction” means
the period during which Restricted Shares or Restricted Share Units are subject
to forfeiture (such forfeiture may be effected by way of redemption by the
Company in respect of the Restricted Shares). 

4 

“Plan” means this China
Information Technology, Inc. 2013 Equity Incentive Plan. 

“Qualified Performance-Based
Award” means an Award intended to qualify as “performance-based
compensation” under Section 162(m) of the Code. 

“Restricted Shares” means Shares
awarded to a Participant subject to forfeiture (such forfeiture may be effected
by way of redemption by the Company) in accordance with Section 7. 

“Restricted Share Unit” means
the right to receive one Share at or after the end of the Period of Restriction,
which right is subject to forfeiture in accordance with Section 8 of the
Plan. 

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

“Service Provider” means an
Employee, Director or Consultant. 

“Share” means an ordinary share
in the Company, as adjusted in accordance with Section 13. 

“Share Appreciation Right” or
“SAR” means the right to receive payment from the Company in an amount no
greater than the excess of the Fair Market Value of a Share at the date the SAR
is exercised over a specified price fixed by the Administrator in the Award
Agreement, which shall not be less than the Fair Market Value of a Share on the
Grant Date. In the case of a SAR which is granted in connection with an Option,
the specified price shall be the Option exercise price.

“Subsidiary” means a “subsidiary
corporation,” whether now or hereafter existing, as defined in Section 424(f) of
the Code. 

“Ten Percent Owner” means any
Service Provider who is, on the grant date of an ISO, the owner of Shares
(determined with application of ownership attribution rules of Section 424(d))
of the Code possessing more than 10% of the total combined voting power of all
classes of shares of the Company, or any Parent or Subsidiaries. 

	3. 	
      Shares Subject to the Plan.

	 	 	 
		a. 	
      Shares Subject to the Plan. Subject to the
      provisions of Section 13, the maximum aggregate number of Shares
      that may be issued under the Plan is five million (5,000,000)
    Shares.

	 	 	 
		b. 	
      Lapsed Awards. If an Award expires or becomes
      unexercisable without having been exercised in full or, with respect to
      Restricted Shares, Restricted Share Units, Performance Shares or
      Performance Units, is forfeited (such forfeiture may be effected by way of
      redemption by the Company in respect of Restricted Shares) in whole or in
      part to the Company, the unpurchased, forfeited, redeemed or unissued
      Shares (as the case may be) which were subject to the Award will become
      available for future grant or sale under the Plan (unless the Plan has
      terminated). With respect to SARs, only Shares actually issued pursuant to
      an SAR will cease to be available under the Plan; all remaining Shares
      subject to the SARs will remain available for future grant or sale under
      the Plan (unless the Plan has terminated). Shares that are exchanged by a
      Participant or withheld by the Company to pay the full or partial exercise
      price of an Award or to satisfy tax withholding obligations with respect
      to an Award will become available for future grant or sale under the Plan. Notwithstanding the foregoing, Shares that have actually been issued under the Plan under any Award will not be returned to the Plan and will not become available for future distribution under
the Plan; provided, however, that if Shares issued pursuant to Awards of Restricted Shares, Restricted Share Units, Performance Shares or Performance Units are forfeited (such forfeiture may be effected by way of redemption by the Company in respect
of Restricted Shares) to the Company, such Shares will become available for future grant under the Plan. To the extent an Award under the Plan is paid out in cash rather than Shares, such cash payment will not result in reducing the number of Shares
available for issuance under the Plan. To the extent required by Section 162(m) of the Code in order for Awards to be exempt from the tax deduction limits thereof, Shares subject to Awards that are cancelled shall not be available for future grant
or sale under the Plan.

5 

		
c. 		
Share Reserve. The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as will be sufficient to satisfy the requirements of the Plan.

	
	 	 	 	 
	
4. 		
Administration of the Plan.

	
	 	 	 	 
		
a. 		
Procedure. The Plan shall be administered by the Board or a Committee (or Committees) appointed by the Board, which Committee shall be constituted to comply with Applicable Laws. If and so long as the ordinary shares are
registered under Section 12(b) or 12(g) of the Exchange Act, the Board shall consider in selecting the Administrator and the membership of any committee acting as Administrator the requirements regarding: (i) “nonemployee directors”
within the meaning of Rule 16b-3 under the Exchange Act; (ii) “independent directors” as described in the listing requirements for any share exchange on which Shares are listed; and (iii) Section 15(b)(i) of the Plan, if the
Company grants any Qualified Performance-Based Award. The Board may delegate the responsibility for administering the Plan with respect to designated classes of eligible Participants to different committees consisting of two or more members of the
Board, subject to such limitations as the Board or the Administrator deems appropriate. Committee members shall serve for such term as the Board may determine, subject to removal by the Board at any time.

	
	 	 	 	 
		
b. 		
Powers of the Administrator. Subject to the provisions of the Plan and the approval of any relevant authorities, and in the case of a Committee, subject to the specific duties delegated by the Board to such Committee, the
Administrator will have the authority, in its discretion:

	
	 	 	 	 
			
i. 		
to determine the Fair Market Value;

	
	 	 	 	 
			
ii. 		
to select the Service Providers to whom Awards may be granted hereunder;

	
	 	 	 	 
			
iii. 		
to determine the type of Award and number of Shares to be covered by each Award granted hereunder;

	
	 	 	 	 
			
iv. 		
to approve forms of agreement for use under the Plan;

	
	 	 	 	 
			
v. 		
to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder. Such terms and conditions include, but are not limited to, the exercise price, the time or times when Awards may
be exercised (which may be based on continued employment, continued
      service or performance criteria), any vesting acceleration (whether by
      reason of a Change of Control or otherwise) or waiver of forfeiture, and
      any restriction or limitation regarding any Award or the Shares relating
      thereto, based in each case on such factors as the Administrator, in its
      sole discretion, will determine;

	

6 

	 	vi. 	
      to construe and interpret the terms of the Plan and
      Awards granted pursuant to the Plan, including the right to construe
      disputed or doubtful Plan and Award provisions;

	 	 	 
	 	vii. 	
      to prescribe, amend and rescind rules and regulations
      relating to the Plan;

	 	 	 
	 	viii. 	
      to modify or amend each Award to the extent any
      modification or amendment is consistent with the terms of the Plan, and
      does not materially impair the rights of any Participant unless mutually
      agreed otherwise between the Participant and the Administrator, which
      agreement must be in writing and signed by the Participant and the
      Company;

	 	 	 
	 	ix. 	
      to allow Participants to satisfy withholding tax
      obligations in such manner as prescribed in Section 14;

	 	 	 
	 	x. 	
      to authorize any person to execute on behalf of the
      Company any instrument required to effect the grant of an Award previously
      granted by the Administrator;

	 	 	 
	 	xi. 	
      to delay issuance of Shares or suspend Participant’s
      right to exercise an Award as deemed necessary to comply with Applicable
      Laws;

	 	 	 
	 	xii 	
      to the extent permitted by Applicable Laws, to delegate,
      as it may deem appropriate, to one or more executive officers of the
      Company the authority to grant Awards to Service Providers who are not
      Officers and Directors, and exercise such other powers under the Plan as
      the Administrator may determine, in accordance with such guidelines as the
      Administrator shall set forth at any time or from time to time;
  and

	 	 	 
	 	xiii. 	
      to make all other determinations deemed necessary or
      advisable for administering the Plan.

	 	c. 	
      Effect of Administrator's Decision. The
      Administrator’s decisions, determinations and interpretations will be
      final and binding on all Participants and any other holders of Awards. Any
      decision or action taken or to be taken by the Administrator, arising out
      of or in connection with the construction, administration, interpretation
      and effect of the Plan and of its rules and regulations, shall, to the
      maximum extent permitted by Applicable Laws, be within its absolute
      discretion (except as otherwise specifically provided in the Plan) and
      shall be final, binding and conclusive upon the Company, all Participants
      and any person claiming under or through any
Participant.

	5. 	
      Authorization of Grants

	 	 	 
		a. 	
      Eligibility. NSOs, Restricted Shares, Restricted
      Share Units, SARs, Performance Units and Performance Shares may be granted
      to Service Providers either alone or in combination with any other Awards. ISOs may be granted as specified in Section 15(a) to employees of the Company, and of any Parent or Subsidiary.

7 

		
b. 		
General Terms of Awards. Each grant of an Award shall be subject to all applicable terms and conditions of the Plan (including but not limited to any specific terms and conditions applicable to that type of Award set out in
the following Sections), and such other terms and conditions, not inconsistent with the terms of the Plan, as the Administrator may prescribe. Any additional terms of an Award shall be set forth in an agreement evidencing the Award by and between
the Company and the Participant.

	
	 	 	 
		
c. 		
Vesting Conditions. The Administrator may impose vesting schedules, limitations on transferability and forfeiture conditions on any Award granted under this Plan as the Administrator in its sole discretion may deem
advisable or appropriate, on the basis of such conditions, including but not limited to, achievement of Company-wide, business unit, or individual goals (including, but not limited to, continued status as a Service Provider), or any other basis the
Administrator may determine in its discretion and provide for in the applicable Award Agreement. The Administrator, in its discretion, may accelerate the time at which any such restrictions will lapse or be removed. The Administrator may, in its
discretion, also provide for such complete or partial exceptions to an employment or service restriction as it deems equitable.

	
	 	 	 
		
d. 		
Effect of Termination of Employment, Etc. Except as otherwise provided in Section 13, unless the Administrator in its sole discretion shall at any time determine otherwise with respect to any Award, if the
Participant’s employment or other association with the Company and its Affiliates ends for any reason, including because of the Participant’s employer ceasing to be an Affiliate, (a) any outstanding Option or SAR of the Participant shall
cease to be exercisable in any respect not later than three (3) months following that event and, for the period it remains exercisable following that event, shall be exercisable only to the extent exercisable at the date of that event, and (b) any
other outstanding Award of the Participant shall be forfeited or otherwise subject to return to or repurchase by the Company on the terms specified in the applicable Award Agreement. Military or sick leave or other bona fide leave shall not be
deemed a termination of employment or other association, provided that it does not exceed the longer of three (3) months days or the period during which the absent Participant’s reemployment rights, if any, are guaranteed by statute or
by contract.

	
	 	 	 
	
6. 		
Share Options.

	
	 	 	 
		
a. 		
Grant of Options. Subject to the terms and conditions of the Plan, the Administrator, at any time and from time to time, may grant Options to Service Providers in such amounts as the Administrator will determine in its sole
discretion. The Administrator may grant NSOs, ISOs, or any combination of the two. ISOs shall be granted in accordance with Section 15(a) of the Plan.

	
	 	 	 
		
b. 		
Option Award Agreement. Each Option shall be evidenced by an Award Agreement that shall specify the type of Option granted, the Option’s exercise price, the exercise date, the term of the Option, the number of Shares
to which the Option pertains, vesting criteria and such other terms and conditions (which need not be identical among Participants) as the Administrator shall determine in its sole discretion. If the Award Agreement does not specify that the Option
is to be treated as an ISO, the Option shall be deemed a NSO.

	

8 

	 	c. 	
      Exercise Price. The per Share exercise price for
      the Shares to be issued pursuant to exercise of an Option will be no less
      than the Fair Market Value per Share on the Grant Date. Notwithstanding
      the above or any other term in this Plan or any Award Agreement, Shares
      shall be issued pursuant to exercise of an Option at a price at least
      equal to their par value.

	 	 	 	 	 
	 	d. 	
      Term of Options. The term of each Option will be
      stated in the Award Agreement. Unless terminated sooner in accordance with
      the Plan or Award Agreement, no Option shall be exercisable on or after
      the fifth anniversary of the Grant Date.

	 	 	 	 	 
	 	e. 	
      Time and Form of Payment.

	 	 	 	 	 
	 		i. 	
      Exercise Date. Each Award Agreement shall specify
      how and when Shares covered by an Option may be purchased. The Award
      Agreement may specify waiting periods, the dates on which Options become
      exercisable or “vested” and, subject to the termination provisions of the
      Option, exercise periods. The Administrator may accelerate the
      exercisability of any Option or portion thereof.

	 	 	 	 	 
	 		ii. 	
      Exercise of Option. Any Option granted hereunder
      will be exercisable according to the terms of the Plan and at such times
      and under such conditions as determined by the Administrator and set forth
      in the Award Agreement. An Option may not be exercised for a fraction of a
      Share. An Option will be deemed exercised when the Company receives: (1)
      notice of exercise (in such form as the Administrator shall specify from
      time to time) from the person entitled to exercise the Option, and (2)
      full payment for the Shares with respect to which the Option is exercised
      (together with all applicable withholding taxes). Full payment may consist
      of any consideration and method of payment authorized by the Administrator
      and permitted by the Award Agreement and the Plan (together with all
      applicable withholding taxes). Shares issued upon exercise of an Option
      will be issued in the name of the Optionee or, if requested by the
      Optionee, in the name of the Optionee and his or her spouse or a
      Designated Beneficiary. Until the Shares are issued (as evidenced by the
      appropriate entry in the register of members of the Company), no right to
      vote or receive dividends or any other rights as a shareholder will exist
      with respect to the Shares subject to the Option, notwithstanding the
      exercise of the Option. The Company will issue (or cause to be issued)
      such Shares promptly after the Option is exercised. No adjustment will be
      made for a dividend or other right for which the record date is prior to
      the date the Shares are issued, except as provided in Section
      13.

	 	 	 	 	 
	 		iii. 	
      Payment. The Administrator will determine the
      acceptable form of consideration for exercising an Option, including the
      method of payment. Such consideration may consist entirely of:

	 	 	 	 	 
	 			(1) 	
      cash;

	 	 	 	 	 
	 			(2) 	
      check;

	 	 	 	 	 
	 			(3) 	
      to the extent not prohibited by Section 402 of the
      Sarbanes-Oxley Act of 2002, a promissory note;

9 

				(4) 	other Shares, provided Shares have a Fair Market Value
      on the date of surrender equal to the aggregate exercise price of the
      Shares as to which said Option will be exercised (such Shares will be
      repurchased by the Company at a repurchase price equal to their Fair
      Market Value);
	 	 	 	 	 
				(5) 	
      to the extent not prohibited by Section 402 of the
      Sarbanes-Oxley Act of 2002, in accordance with any broker-assisted
      cashless exercise procedures approved by the Company and as in effect from
      time to time;

	 	 	 	 	 
				(6) 	
      by asking the Company to withhold Shares from the total
      Shares to be delivered upon exercise equal to the number of Shares having
      a value equal to the aggregate exercise price of the Shares being
      acquired;

	 	 	 	 	 
				(7) 	
      any combination of the foregoing methods of payment;
      or

	 	 	 	 	 
				(8) 	
      such other consideration and method of payment for the
      issuance of Shares to the extent permitted by Applicable Laws.

	 	 	 	 	 
		f. 	
      Forfeiture of Options. All unexercised Options
      shall be forfeited to the Company in accordance with the terms and
      conditions set forth in the Award Agreement and again will become
      available for grant under the Plan.

	 	 	 	 	 
	7. 	
      Restricted Shares.

	 	 	 	 	 
		a. 	
      Grant of Restricted Shares. Subject to the terms
      and conditions of the Plan, the Administrator, at any time and from time
      to time, may grant Restricted Shares to Service Providers in such amounts
      as the Administrator will determine in its sole discretion.

	 	 	 	 	 
		b. 	
      Restricted Shares Award Agreement. Each Award of
      Restricted Shares will be evidenced by an Award Agreement that will
      specify the Period of Restriction, the number of Shares granted, the
      purchase price of the Shares, if any, and the means of payment for the
      Shares, vesting criteria, transferability restrictions, and such other
      terms and conditions (which need not be identical among Participants) as
      the Administrator will determine in its sole discretion. Unless the
      Administrator determines otherwise, the Company’s designee as escrow agent
      will hold Restricted Shares until the restrictions on such Shares have
      lapsed. Any share certificates issued in respect of an Award of Restricted
      Shares shall be registered in the name of the Participant and, unless
      otherwise determined by the Administrator, deposited by the Participant,
      together with a signed share transfer instrument endorsed in blank, with
      the Company (or its designee).

	 	 	 	 	 
		c. 	
      Terms and Conditions.

	 	 	 	 	 
			i. 	
      Vesting Conditions. During the Period of
      Restriction, Restricted Shares shall be subject to forfeiture (such
      forfeiture may be effected by way of redemption by the Company pursuant to
      the Company’s memorandum and articles of association as well as the BVI
      Business Companies Act, 2004 (as amended) and the Participants whose
      Restricted Shares are redeemed grants their consent to such redemption in
      advance)) (including a right in the Company to repurchase Restricted
      Shares at less than the then Fair Market Value per Share) arising on the
      basis of such conditions as the Administrator may determine in its sole
      discretion. Any such risk of forfeiture may be waived or terminated, or
      the Period of Restriction shortened, at any time by the Administrator on such basis as it deems appropriate.

10 

			
ii. 		
Sale Price. Subject to the requirements of the Applicable Laws, the Administrator shall determine the price, if any, at which Restricted Shares shall be sold or awarded to a Participant, which may vary from time to time and
among Participants and which may be below the market value of such Shares at the date of grant or issuance.

	
	 	 	 	 
			
iii. 		
Voting Rights. During the Period of Restriction, Service Providers holding Restricted Shares granted hereunder may exercise full voting rights with respect to those Shares.

	
	 	 	 	 
			
iv. 		
Dividends and Other Distributions. During the Period of Restriction, Service Providers holding Restricted Shares will be entitled to receive all dividends and other distributions paid with respect to such Shares. If any
such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Restricted Shares with respect to which they were paid.

	
	 	 	 	 
			
v. 		
Transferability. Except as provided in the Plan, Restricted Shares may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction.

	
	 	 	 	 
		
d. 		
Removal of Restrictions. All restrictions imposed on Restricted Shares shall lapse and the Period of Restriction shall end upon the satisfaction of the vesting conditions imposed by the Administrator. Restricted Shares not
previously forfeited will be released from escrow as soon as practicable after the last day of the Period of Restriction or at such other time as the Administrator may determine, but in no event later than the 15th day of the third month
following the end of the year in which vesting occurred.

	
	 	 	 	 
	
8. 		
Restricted Share Units.

	
	 	 	 	 
		
a. 		
Grant of Restricted Share Units. Subject to the terms and conditions of the Plan, the Administrator, at any time and from time to time, may grant Restricted Share Units to Service Providers in such amounts as the
Administrator will determine in its sole discretion.

	
	 	 	 	 
		
b. 		
Restricted Share Units Award Agreement. Each Award of Restricted Share Units will be evidenced by an Award Agreement that will specify the number of Restricted Share Units granted, vesting criteria, form of payout, vesting
criteria and such other terms and conditions (which need not be identical among Participants) as the Administrator will determine in its sole discretion.

	
	 	 	 	 
		
c. 		
Vesting Conditions. During the Period of Restriction, Restricted Shares Units shall be subject to forfeiture arising on the basis of such conditions as the Administrator may determine in its sole discretion. Any such risk
of forfeiture may be waived or terminated, or the Period of Restriction shortened, at any time by the Administrator on such basis as it deems appropriate.

	

11 

		d. 	
      Time and Form of Payment. Upon satisfaction of the
      applicable vesting conditions, payment of vested Restricted Share Units
      shall occur in the manner and at the time provided in the Award Agreement,
      but in no event later than the 15th day of the third month
      following the end of the year in which vesting occurred. Except as
      otherwise provided in the Award Agreement, Restricted Share Units may be
      paid in cash (equal to the aggregate Fair Market Value of the Shares
      underlying the vested Restricted Share Units), Shares, or a combination
      thereof at the sole discretion of the Administrator. Restricted Share
      Units that are fully paid in cash will not reduce the number of Shares
      available for issuance under the Plan.

	 	 	 
	9. 	
      Share Appreciation Rights.

	 	 	 
		a. 	
      Grant of SARs. Subject to the terms and conditions
      of the Plan, the Administrator, at any time and from time to time, may
      grant SARs to Service Providers in such amounts as the Administrator will
      determine in its sole discretion.

	 	 	 
		b. 	
      Award Agreement. Each SAR grant will be evidenced
      by an Award Agreement that will specify the exercise price, the number of
      Shares underlying the SAR grant, the term of the SAR, the conditions of
      exercise, vesting criteria and such other terms and conditions (which need
      not be identical among Participants) as the Administrator will determine
      in its sole discretion.

	 	 	 
		c. 	
      Exercise Price and Other Terms. The per Share
      exercise price for the exercise of an SAR will be no less than the Fair
      Market Value per Share on the Grant Date. No SAR shall be exercisable on
      or after the tenth anniversary of the Grant Date. Notwithstanding the
      above or any other term in this Plan or any Award Agreement, Shares shall
      be issued pursuant to exercise of an SAR at a price at least equal to
      their par value.

	 	 	 
		d. 	
      Time and Form of Payment of SAR Amount. Upon
      exercise of a SAR, a Participant will be entitled to receive payment from
      the Company in an amount no greater than: (i) the difference between the
      Fair Market Value of a Share on the date of exercise over the exercise
      price; times (ii) the number of Shares with respect to which the SAR is
      exercised. An Award Agreement may provide for a SAR to be paid in cash,
      Shares of equivalent value, or a combination thereof.

	 	 	 
	10. 	
      Performance Units and Performance
Shares.

	 	 	 
		a. 	
      Grant of Performance Units and Performance Shares.
      Performance Units or Performance Shares may be granted to Service
      Providers at any time and from time to time, as will be determined by the
      Administrator, in its sole discretion. The Administrator will have
      complete discretion in determining the number of Performance Units and
      Performance Shares granted to each Participant.

	 	 	 
		b. 	
      Award Agreement. Each Award of Performance Units
      and Performance Shares will be evidenced by an Award Agreement that will
      specify the initial value, the Performance Period, the number of
      Performance Units or Performance Shares granted, and such other terms and
      conditions (which need not be identical among Participants) as the
      Administrator will determine in its sole discretion.

	 	 	 
		c. 	
      Value of Performance Units and Performance Shares.
      Each Performance Unit will have an initial value that is established by
      the Administrator on or before the Grant Date.
Each Performance Share will have an initial value equal to the Fair Market Value of a Share on the Grant Date.

12 

		
d. 		
Vesting Conditions and Performance Period. The Administrator will set performance objectives or other vesting provisions (including, without limitation, continued status as a Service Provider) in its discretion which,
depending on the extent to which they are met, will determine the number or value of Performance Units or Performance Shares that will be paid out to the Participant. The time period during which the performance objectives or other vesting
provisions must be met will be called the “Performance Period.” After the applicable Performance Period has ended, the holder of Performance Units shall be entitled to receive payout on the number and value of Performance Units or
Performance Shares earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding performance objectives have been achieved.

	
	 	 	 
		
e. 		
Time and Form of Payment. After the applicable Performance Period has ended, the holder of Performance Units or Performance Shares will be entitled to receive a payout of the number of vested Performance Units or
Performance Shares by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding performance objectives or other vesting provisions have been achieved. Vested Performance Units or Performance
Shares will be paid as soon as practicable after the expiration of the applicable Performance Period, but in no event later than the 15th day of the third month following the end of the year the applicable Performance Period expired. An
Award Agreement may provide for the satisfaction of Performance Unit or Performance Share Awards in cash or Shares (which have an aggregate Fair Market Value equal to the value of the vested Performance Units or Performance Shares at the close of
the applicable Performance Period) or in a combination thereof.

	
	 	 	 
		
f. 		
Forfeiture of Performance Units and Performance Shares. All unvested Performance Units or Performance Shares will be forfeited to the Company on the date set forth in the Award Agreement, and again will become available for
grant under the Plan.

	
	 	 	 
	
11. 		
Leaves of Absence/Transfer Between Locations. Unless the Administrator provides otherwise or as required by Applicable Laws, vesting of Awards will be suspended during any unpaid leave of absence. An Employee will not cease
to be an Employee in the case of (i) any approved leave of absence or (ii) transfers between locations of the Company or between the Company and any Affiliate.

	
	 	 	 
	
12. 		
Transferability of Awards. Unless otherwise provided in this Plan or otherwise determined by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than
by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. However, the Administrator may, at or after the grant of an Award other than an ISO, provide that such Award may
be transferred by the recipient to a family member; provided, however, that any such transfer is without payment of any consideration whatsoever and that no transfer shall be valid unless first approved by the Administrator, acting in its
sole discretion and as required by the articles of association of the Company. For this purpose, “family member” means any child, stepchild, grandchild, parent, stepparent, spouse, former spouse, sibling, niece, nephew,
mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing the employee’s household (other than a tenant or employee), a trust in which the foregoing
persons have more than fifty (50) percent of the beneficial interests, a foundation in which the foregoing persons (or the Participant) control the management of assets, and any other entity in which these persons (or the Participant) own more than fifty (50) percent of the voting interests. If the
Administrator makes an Award transferable, such Award will contain such additional terms and conditions as the Administrator deems appropriate.

	

13 

	
13. 		
Adjustments; Dissolution or Liquidation; Merger or Change in Control.

	
	 	 	 
		
a. 		
Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or other property), recapitalization, share split, reverse share split, reorganization, merger,
consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other securities of the Company, or other change in the corporate structure of the Company affecting the Shares occurs, the Administrator, in order to prevent
diminution or enlargement of the benefits or potential benefits intended to be made available under the Plan, shall appropriately adjust the number and kind of Shares that may be delivered under the Plan, the Share-based limitations under Section
15(b), and/or the number, kind, and price of Shares covered by each outstanding Award.

	
	 	 	 
		
b. 		
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed
transaction. To the extent it has not been previously exercised, an Award will terminate immediately prior to the consummation of such proposed action.

	
	 	 	 
		
c. 		
Change in Control. In the event of a Change in Control, any or all outstanding Awards may be assumed by the successor corporation on an equitable basis, which assumption shall be binding on all Participants. In the
alternative, the successor corporation may substitute equivalent Awards (after taking into account the existing provisions of the Awards) on an equitable basis. The successor corporation may also issue, in place of outstanding Shares of the Company
held by the Participant, substantially similar shares or other property subject to vesting requirements and repurchase restrictions no less favorable to the Participant than those in effect prior to the Change in Control.

	
	 	 	 
			
In the event that the successor corporation does not assume or substitute for the Award, unless the Administrator provides otherwise, the Participant will fully vest in and have the right to exercise all of his or her outstanding
Options and SARs, including Shares as to which such Awards would not otherwise be vested or exercisable, all restrictions on Restricted Shares and Restricted Share Units will lapse, and, with respect to Performance Shares and Performance Units, all
Performance Goals or other vesting criteria will be deemed achieved at target levels and all other terms and conditions met. In addition, if an Option or SAR is not assumed or substituted in the event of a Change in Control, the Administrator will
notify the Participant in writing or electronically that the Option or SAR will be exercisable for a period of time determined by the Administrator in its sole discretion, and the Option or SAR will terminate upon the expiration of such period.

	
	 	 	 
			
For the purposes of this Section 13(c), an Award will be considered assumed if, following the Change in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to
the Change in Control, the consideration (whether shares, cash, or other securities or property) or, in the case of a SAR upon the exercise of which the Administrator determines to pay cash or a Performance Share or Performance Unit which the
Administrator can determine to pay in cash, the fair market value of the consideration, received in the Change in Control by holders of ordinary shares for each Share held on the
effective date of the transaction (and if holders were offered a choice of
consideration, the type of consideration chosen by the holders of a majority of
the outstanding Shares); provided, however, that if such consideration received
in the Change in Control is not solely ordinary shares of the successor
corporation or its Parent, the Administrator may, with the consent of the
successor corporation, provide for the consideration to be received upon the
exercise of an Option or SAR or upon the payout of a Restricted Share Unit,
Performance Share or Performance Unit, for each Share subject to such Award (or
in the case of Restricted Share Units and Performance Units, the number of
implied shares determined by dividing the value of the Restricted Share Units
and Performance Units, as applicable, by the per share consideration received by
holders of ordinary shares in the Change in Control), to be solely ordinary
shares of the successor corporation or its Parent equal in fair market value to
the per share consideration received by holders of ordinary shares in the Change
in Control. 

	

14 

Notwithstanding anything in this
Section 13(c) to the contrary, (A) an Award that vests, is earned or
paid-out upon the satisfaction of one or more performance goals will not be
considered assumed upon a Change in Control if the Company or its successor
modifies any of such performance goals without the Participant's consent;
provided, however, a modification to such performance goals only to reflect the
successor corporation's post-Change in Control corporate structure will not be
deemed to invalidate an otherwise valid Award assumption and (B) in the event of
an involuntary termination of services of a Service Provider for any reason
other than death, Disability or cause within six (6) months following the
consummation of a Change in Control, any of his or her Awards assumed or
substituted in the Change in Control which are subject to vesting conditions
and/or a right of repurchase in favor of the Company or a successor entity,
shall accelerate in full. All such Accelerated Awards shall be exercisable for a
period of one (1) year following termination, but in no event after expiration
date of such Award.

	14. 	
      Tax Withholding.

	 	 	 
		a. 	
      Withholding Requirements. Prior to the issue or
      delivery of any Shares or cash pursuant to an Award (or exercise thereof),
      the Company will have the power and the right to deduct or withhold or
      cause to be deducted or withheld, or require a Participant to remit to the
      Company or its Affiliates, an amount sufficient to satisfy national,
      federal, state, provincial, local, foreign or other taxes required by
      Applicable Laws to be withheld with respect to such Award (or exercise
      thereof).

	 	 	 
		b. 	
      Withholding Arrangements. The Administrator, in
      its sole discretion and pursuant to such procedures as it may specify from
      time to time, may permit a Participant to satisfy such tax withholding
      obligation, in whole or in part by (without limitation) (i) paying cash,
      (ii) electing to have the Company withhold otherwise deliverable Shares
      having a Fair Market Value equal to the amount required to be withheld, or
      (iii) delivering to the Company already-owned Shares for repurchase having
      a Fair Market Value equal to the amount required to be withheld. The
      amount of the withholding requirement will be deemed to include any amount
      which the Administrator agrees may be withheld at the time the election is
      made. The Fair Market Value of the Shares to be withheld or delivered will
      be determined as of the date that the taxes are required to be
      withheld.

	 	 	 
	15. 	
      Provisions Applicable In the Event the Company or the
      Service Provider is Subject to U.S. Taxation.

15 

	 	a. 	
      Grant of Incentive Share Options. If the
      Administrator grants Options to Employees subject to U.S. taxation, the
      Administrator may grant such Employee an ISO and the following terms shall
      also apply:

	 	 	 	 	 
	 		i. 	
      Maximum Amount. Subject to the provisions of
      Section 13, to the extent consistent with Section 422 of the Code,
      not more than an aggregate of five million (5,000,000) Shares may be
      issued as ISOs under the Plan.

	 	 	 	 	 
	 		ii. 	
      General Rule. Only employees of the Company or any
      Parent or Subsidiary shall be eligible for the grant of ISOs. The ability
      of the Company to grant ISOs is subject to the shareholder approval
      requirement under the Code.

	 	 	 	 	 
	 		iii. 	
      Continuous Employment. Unless otherwise provided
      under the Code, the ISO will cease to be treated as an ISO unless the
      Optionee remains in the continuous employ of the Company or its Parent or
      Subsidiaries from the date the ISO is granted until not more than three
      months before the date on which it is exercised (or such longer periods as
      may be permitted by provisions in each Service Provider’s contract with
      the Company, such as the employment agreement, that predates this Plan, or
      in the event termination is due to death or Disability). A leave of
      absence approved by the Company may exceed three (3) months if
      reemployment upon expiration of such leave is guaranteed by statute or
      contract. If reemployment upon expiration of a leave of absence approved
      by the Company is not so guaranteed, then on the first day following the
      first three (3) months of such leave, the Optionee’s employment will be
      deemed terminated for this purpose and any ISO held by the Optionee will
      cease to be treated as an ISO if not exercised within three (3) months
      after the deemed termination date.

	 	 	 	 	 
	 		iv. 	
      Award Agreement.

	 	 	 	 	 
	 			(1) 	
      The Administrator shall designate Options granted as ISOs
      in the Award Agreement. Notwithstanding such designation, to the extent
      that the aggregate Fair Market Value of the Shares with respect to which
      ISOs are exercisable for the first time by the Optionee during any
      calendar year (under all plans of the Company and any Parent or
      Subsidiary) exceeds one hundred thousand dollars (U.S.$100,000), Options
      will not qualify as an ISO. For purposes of this section, ISOs will be
      taken into account in the order in which they were granted. The Fair
      Market Value of the Shares will be determined as of the time the Option
      with respect to such Shares are granted.

	 	 	 	 	 
	 			(2) 	
      The Award Agreement shall specify the term of the ISO.
      The term shall not exceed five (5) years from the Grant Date.

	 	 	 	 	 
	 			(3) 	
      The Award Agreement shall specify an exercise price of
      not less than the Fair Market Value per Share on the Grant Date or one
      hundred ten percent (110%) of the Fair Market Value per Share on the Grant
      Date for Ten Percent Owners.

16 

	 	(4) 	
      The Award Agreement shall specify that an ISO is not
      transferable except by will, beneficiary designation or the laws of
      descent and distribution.

	 	v. 	
      Form of Payment. The consideration to be paid for
      the Shares to be issued upon exercise of an ISO, including the method of
      payment, shall be determined by the Administrator in accordance with
      Section 6(e)(iii).

	 	 	 
	 	vi. 	
      Notice. In the event of any disposition of the
      Shares acquired pursuant to the exercise of an ISO within two years from
      the Grant Date or one year from the exercise date, the Optionee will
      notify the Company thereof in writing within thirty (30) days after such
      disposition. In addition, the Optionee shall provide the Company with such
      information as the Company shall reasonably request in connection with
      determining the amount and character of Optionee’s income, the Company’s
      deduction, and the Company’s obligation to withhold taxes or other amounts
      incurred by reason of a disqualifying disposition, including the amount
      thereof.

	 	b. 	
      Performance-based Compensation. If the Company
      grants an Award as “performance- based compensation” for which it claims
      deductions that are subject to the Code Section 162(m) limitation on its
      U.S. tax returns, then the following terms shall control over any contrary
      provision contained in the Plan and be applied in a manner consistent with
      the requirements of, and only to the extent required for compliance with,
      the exclusion from the limitation on deductibility of compensation under
      Section 162(m) of the Code:

	 	i. 	
      Outside Directors. All grants of Awards intended
      to qualify as Qualified Performance-Based Awards and determination of
      terms applicable thereto shall be made by the Administrator or, if not all
      of the members thereof qualify as “outside directors” within the meaning
      of applicable regulations under Section 162 of the Code, a subcommittee of
      the Administrator consisting of such of the members of the Administrator
      as do so qualify. Any action by such a subcommittee shall be considered
      the action of the Administrator for purposes of the
Plan.

	 	ii. 	
      Applicability. This Section 15(b) will
      apply only to those Covered Employees, or to those persons who the
      Administrator determines are reasonably likely to become Covered Employees
      in the period covered by an Award, selected by the Administrator to
      receive Qualified Performance-Based Awards. The Administrator may, in its
      discretion, grant Awards not intended to qualify as Qualified
      Performance-Based Awards to Covered Employees that do not satisfy the
      requirements of this Section 15(b).

	 	 	 
	 	iii. 	
      Maximum Amount. Subject to the provisions of
      Section 13, the maximum number of Shares that can be subject to
      Awards granted to any individual Participant in the aggregate in any one
      fiscal year of the Company is five hundred thousand (500,000) Shares. For
      purposes of this limitation:

	 	(1) 	
      For Awards denominated in Shares and satisfied in cash,
      the maximum Award to any individual Participant in the aggregate in any
      one fiscal year of the Company is the Fair Market Value of five hundred
      thousand (500,000) Shares on the Grant Date; and

17 

	 	(2) 	
      The maximum amount payable pursuant to any cash Awards to
      any individual Participant in the aggregate in any one fiscal year of the
      Company is the Fair Market Value of five hundred thousand (500,000) Shares
      on the Grant Date.

	 	iv. 	
      Performance Criteria. All performance criteria
      must be objective and be established in writing prior to the beginning of
      the Performance Period or at later time as permitted by Section 162(m) of
      the Code and shall otherwise meet the requirements of Section 162(m) of
      the Code, including the requirement that the outcome of the performance
      goals be substantially uncertain (as defined in the regulations under
      Section 162(m) of the Code) at the time established. Performance criteria
      may include alternative and multiple performance goals and may be based on
      one or more business and/or financial criteria. In establishing the
      performance goals, the Committee in its discretion may include one or any
      combination of the following criteria in either absolute or relative
      terms, for the Company or any Subsidiary:

	 	(1) 	
    Increased revenue; 

	 	(2) 	
    Net income measures (including
      but not limited to income after capital costs and income before or after
      taxes); 

	 	(3) 	
    Share price measures (including
      but not limited to growth measures and total shareholder return); 

	 	(4) 	
    Market share; 

	 	(5) 	
    Earnings per Share (actual or
      targeted growth); 

	 	(6) 	
    Earnings before interest, taxes,
      depreciation, and amortization (“EBITDA”); 

	 	(7) 	
    Cash flow measures (including but
      not limited to net cash flow and net cash flow before financing
      activities); 

	 	(8) 	
    Return measures (including but
      not limited to return on equity, return on average assets, return on
      capital, risk-adjusted return on capital, return on investors’ capital and
      return on average equity); 

	 	(9) 	
    Operating measures (including
      operating income, funds from operations, cash from operations, after-tax
      operating income, sales volumes, production volumes, and production
      efficiency); 

	 	(10)	
    Expense measures (including but
      not limited to overhead cost and general and administrative expense);
    

	 	(11)	
    Margins; 

	 	(12)	
    Shareholder value; 

	 	(13)	
    Total shareholder return; 

	 	(14)	
    Proceeds from dispositions;

	 	(15) 	
    Total market value; and

	 	(16)	
    Corporate values measures
      (including but not limited to ethics compliance, environmental, and
      safety). 

18 

		
c. 		
Share Options and SARs Exempt from Section 409A of the Code. If the Administrator grants Options or SARs to Service Providers subject to U.S. taxation, the Company must qualify as an eligible issuer of service recipient
shares within the meaning of Section 409A of the Code with respect to such Service Provider (unless the Option or SAR otherwise complies with Section 409A of the Code), and the Administrator may not modify or amend the Options or SARs to the extent
that the modification or amendment adds a feature allowing for additional deferral within the meaning of Section 409A of the Code.

	
	 	 	 
	
16. 		
Grants to Foreign Nationals. Awards may be granted to Service Providers who are foreign nationals or employed outside the United States, or both, on such terms and conditions different from those applicable to grants to
Services Providers in the United States as in the judgment of the Administrator may be necessary or desirable in order to recognize differences in local law or tax policy, and such Awards shall be considered granted pursuant to a non-U.S. sub-plan.
The Administrator also may impose conditions on the exercise or vesting of Awards in order to minimize the company’s obligation with respect to tax equalization for employees on assignments outside their home country.

	
	 	 	 
	
17. 		
No Effect on Employment or Service. Neither the Plan nor any Award will confer upon any Participant any right with respect to continuing the Participant's relationship as a Service Provider with the Company or any Affiliate
of the Company, nor will they interfere in any way with the Participant's right or the Company's or its Affiliates’ right to terminate such relationship at any time, with or without cause, to the extent permitted by Applicable Laws.

	
	 	 	 
	
18. 		
Effective Date. The Plan’s effective date is the date on which it is adopted by the Board. The Company will obtain shareholder approval of the Plan to the extent necessary and desirable to comply with Applicable
Laws.

	
	 	 	 
	
19. 		
Term of Plan. The Plan will terminate five (5) years following the date it was adopted by the Board, unless sooner terminated by the Board pursuant to Section 20.

	
	 	 	 
	
20. 		
Amendment and Termination of the Plan.

	
	 	 	 
		
a. 		
Amendment and Termination. The Board may at any time amend, alter, suspend or terminate the Plan.

	
	 	 	 
		
b. 		
Shareholder Approval. The Company will obtain shareholder approval of any Plan amendment to the extent necessary and desirable to comply with Applicable Laws.

	
	 	 	 
		
c. 		
Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan will impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator,
which agreement must be in writing and signed by the Participant and the Company. Termination of the Plan will not affect the Administrator's ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior
to the date of such termination.

	
	 	 	 
	
21. 		
Conditions Upon Issuance of Shares.

	
	 	 	 
		
a. 		
Legal Compliance. The Administrator may delay or suspend the issuance and delivery of Shares, suspend the exercise of Options or SARs, or suspend the Plan as necessary to comply with Applicable Laws. Shares will not be
issued pursuant to the exercise of an Award unless the exercise of such Award and the issuance
      and delivery of such Shares will comply with Applicable Laws and will be
      further subject to the approval of counsel for the Company with respect to
      such compliance.

	

19 

	 	b. 	
      Corporate Restrictions on Rights in Shares. Any
      Shares to be issued pursuant to Awards granted under the Plan shall be
      subject to all restrictions upon the transfer thereof which may be now or
      hereafter imposed by the memorandum and articles of association of the
      Company. In addition, either at the time an Award is granted or by
      subsequent action, the Administrator may, but need not, impose such
      restrictions, conditions or limitations as it determines appropriate as to
      the timing and manner of any resales or other subsequent transfers by a
      Participant, or a holder of Shares acquired pursuant to the Plan, of any
      Share issued under an Award, including without limitation (a) restrictions
      under an insider trading policy, (b) restrictions designed to delay and/or
      coordinate the timing and manner of sales by the Participant(s), and (c)
      restrictions as to the use of a specified brokerage firm for such resales
      or other transfers.

			
	 	c. 	
      Registration. If the Company shall deem it
      necessary or desirable to register under the Securities Act or other
      Applicable Law any Shares issued or to be issued pursuant to Awards
      granted under the Plan, or to qualify any such Shares for exemption from
      the Securities Act or other Applicable Law, then the Company may, but
      shall not be required to, take such action at its own expense. The Company
      may require from each Participant, or each holder of Shares acquired
      pursuant to the Plan, such information in writing for use in any
      registration statement, prospectus, preliminary prospectus or offering
      circular as is reasonably necessary for that purpose and may require
      reasonable indemnity to the Company and its officers and directors from
      that holder against all losses, claims, damage and liabilities arising
      from use of the information so furnished and caused by any untrue
      statement of any material fact therein or caused by the omission to state
      a material fact required to be stated therein or necessary to make the
      statements therein not misleading in the light of the circumstances under
      which they were made. In addition, the Company may require any such person
      to agree to lock-up terms as the Company may deem advisable or
      appropriate.

			
	 	d. 	
      Investment Representations. As a condition to the
      exercise of an Award, the Shares to be issued pursuant to such Award shall
      have been effectively registered under the Securities Act, or the
      Participant exercising such Award shall have made such written
      representations and warranties to the Company (upon which the Company
      believes it may reasonably rely) as the Administrator may deem necessary
      or appropriate for the purposes of confirming that the issuance of the
      Shares pursuant to such Award will be exempt from the registration
      requirements of the Securities Act and any applicable state securities
      laws and otherwise in compliance with all Applicable Laws, including but
      not limited to that the Participant is acquiring the Shares only for
      investment and without any present intention to sell or distribute such
      Shares.

			
	 	e. 	
      Placement of Legends; Stop Orders; etc. Each Share
      to be issued pursuant to Awards granted under the Plan may bear a
      reference to the investment representations made in accordance with
      Section 21(d) in addition to any other applicable restriction under
      the Plan, the terms of the Award and to the fact that no registration
      statement has been filed with the Securities and Exchange Commission in
      respect to such Shares. All certificates for Shares or other securities
      delivered under the Plan shall be subject to such share transfer orders
      and other restrictions as the Administrator may deem advisable under the
      rules, regulations, and other requirements of any share exchange upon
      which the Shares
are then listed, and any Applicable Law, and the Administrator may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

20 

	
22. 		
Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance
and sale of any Shares hereunder, will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority will not have been obtained.

	
	 	 
	
23. 		
Repricing; Exchange And Buyout of Awards. The repricing or termination and subsequent repricing of Options or SARs at a lower purchase price per Share than the original grant is permitted without prior shareholder approval.
The Administrator may authorize the Company to issue new Option or SAR Awards in exchange for the surrender and cancellation of any or all outstanding Awards, subject to the consent of any Participant whose rights would be impaired. The
Administrator may at any time repurchase Options with payment in cash, Shares or other consideration, based on such terms and conditions as the Administrator and the Participant shall agree.

	
	 	 
	
24. 		
Substitution and Assumption of Awards. The Administrator may make Awards under the Plan by assumption, substitution or replacement of performance shares, phantom shares, share awards, share options, Share Appreciation
Rights or similar awards granted by another entity (including an Affiliate), if such assumption, substitution or replacement is in connection with an asset acquisition, share acquisition, merger, consolidation or similar transaction involving the
Company (and/or its Affiliate) and such other entity (and/or its affiliate). The Administrator may also make Awards under the Plan by assumption, substitution or replacement of a similar type of award granted by the Company prior to the adoption and
approval of the Plan. Notwithstanding any provision of the Plan (other than the maximum number of shares of ordinary shares that may be issued under the Plan), the terms of such assumed, substituted or replaced Awards shall be as the Administrator,
in its discretion, determines is appropriate.

	
	 	 
	
25. 		
Governing Law. The Plan and all Agreements shall be construed in accordance with and governed by the laws of the State of New York, without regard to the principles of conflicts of law thereof.

	

Adopted by the Board of Directors on September 11, 2013 

21Exhibit 10.12 Revenue Sharing Agreement

Exhibit 10.12

THIS AGREEMENT made 19th day of August, 2013 

REVENUE SHARING AGREEMENT

BETWEEN: 

RANGEMORE FILM PRODUCTIONS CORP., a Nevada Corporation with offices at 1000 Fifth Street, Suite 200-B3, Miami Beach, Florida, 33139, as represented by the Secretary/Treasurer.

(“Rangemore”) 

AND: 

APPIPHANY TECHNOLOGIES CORP., a British Columbia Corporation with offices at P.O. Box 21101 Orchard Park, Kelowna, British Columbia, Canada, V1Y 9N8 as represented by the President.

(“Appiphany”) 

(Collectively the “Parties”, Individually “Party”) 

RECITALS: 

A. Rangemore is a Nevada incorporated company whose common shares are quoted on the OTCMarkets Pink Sheet Current Information. 

B. Appiphany is a British Columbia incorporated company that is wholly owned by Appiphany Technologies Holdings Corp.

C. Appiphany’s main assets are eight cartoon characters known collectively as “MMA Animals”.

D. Appiphany intends to produce and distribute ten cartoon films (“the Episodes”) based on the “MMA Animals” characters.  Each episode will be a maximum of 22 minutes in length.

D. Rangemore wishes to purchase up to ten percent of the net revenue generated by each of the Episodes.

E. Appiphany wishes to sell up to ten percent interest of the net revenue generated by each of the Episodes.

NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: 

1.0 DEFINITIONS 

1.1 In this Agreement: 

“Agreement” means this Revenue Sharing Agreement, including its Schedules.

“Net Revenue” means income after direct expenses for:  

(a) World Wide box office receipts; 

(b) DVD sales; 

(c) Pay-Per-View revenue;

(d) Television syndication and licensing fees;

(e) Income generated by internet downloads;

(f) Fees paid by airlines for the right to air the Episodes.

“Percentage” means the percentage of the net revenue purchased by Rangemore as per Schedule “A”.

“Term” means the term as defined by section 8. 

2.0 PURPOSE 

2.1 The purpose of this Agreement is to outline the terms under which Rangemore will purchase interest in the Net Revenue generated by the Episodes and how the Net Revenue will be allocated then disbursed. 

3.0 PAYMENT 

3.1 Rangemore will pay to Appiphany a $2,500.00 cash payment and 10,000,000 free-trading shares of Rangemore’s common stock for each one percentage of the net revenue as outlined in Schedule “A”.

3.1 Cash Payment will be in the form of:

(a)

Bank draft;

(b)

Certified cheque;

(c)

Wire.

3.2 Stock Payment will be in the form of a physical stock certificate delivered to Appiphany in the name designated by Appiphany.  Shares will be free from all restrictions and legends.

4.0 APPIPHANY’S REPRESENTATIONS AND WARRANTIES 

4.1 Appiphany represents and warrants to Rangemore, with the intent and understanding that Rangemore will rely thereon in entering into this Agreement, that: 

(a) it has the legal power, right, capacity and authority to accept, execute and deliver this Agreement and to carry out its obligations under this Agreement; 

(b) the statements and information provided in the Revenue Sharing Application are true and accurate in all material respects; 

(c) this Agreement is binding upon, and enforceable against, Appiphany in accordance with its terms; 

(d) the undersigned representative of Appiphany is duly authorized to enter into this Agreement by a resolution passed at a duly convened meeting of Appiphany’s Board of Directors; 

(e) it has obtained or had the opportunity to obtain the advice of its own financial, legal, tax, and other professional advisors with respect to this Agreement.

5.0 RANGMORE REPRESENTATIONS AND WARRANTIES 

5.1 Rangemore represents and warrants to Appiphany that is has the legal authority to enter into this Agreement and carry out its obligation in accordance with it. 

(a) it has the legal power, right, capacity and authority to accept, execute and deliver this Agreement and to carry out its obligations under this Agreement; 

(b) the statements and information provided in the Revenue Sharing Application are true and accurate in all material respects; 

(c) this Agreement is binding upon, and enforceable against, Rangemore in accordance with its terms; 

(d) the undersigned representative of Rangemore is duly authorized to enter into this Agreement by a resolution passed at a duly convened meeting of Rangemore’s Board of Directors; 

(e) it has obtained or had the opportunity to obtain the advice of its own financial, legal, tax, and other professional advisors with respect to this Agreement.

6.0 RELATIONSHIP 

6.1 No partnership, joint venture, agency, fiduciary or employment relationship is created by this Agreement or by any actions of the Parties under this Agreement. 

7.0 INDEMNITY 

7.1 Appiphany will indemnify and save harmless Rangemore, from and against any and all losses, claims, damages, actions, causes of action, cost and expenses that Rangemore may sustain, incur, suffer or be put to by reason of any act or omission of Appiphany or by any servant, employee, or agent of Appiphany in relation to the performance or non-performance of Appiphany’s obligations under this Agreement or breaches of the Warranties and Representations of Appiphany under section 4. This term will survive the expiry or termination of this Agreement. 

7.2 Rangemore will indemnify and save harmless Appiphany, from and against any and all losses, claims, damages, actions, causes of action, cost and expenses that Appiphany may sustain, incur, suffer or be put to by reason of any act or omission of Rangemore or by any servant, employee, or agent of Rangemore in relation to the performance or non-performance of Rangmore’s obligations under this Agreement or breaches of the Warranties and Representations of Rangemore under section 5. This term will survive the expiry or termination of this Agreement. 

8.0 TERM AND TERMINATION 

8.1 This Agreement takes effect on September 1, 2013, and will remain in force until terminated under sections 8.3 or 8.4.

8.2

Under this Agreement, Rangemore will have the right to purchase up to ten percent of the Net Revenue in each of the Episodes.  The rights to purchase will commence and remain in effective as per the following: 

(a)

Episode 1:   Effective September 1, 2013 - Expires November 30, 2013;

(b)

Episode 2:   Effective September 1, 2013 – Expires February 28, 2014;

(c)

Episode 3:   Effective September 1, 2013 – Expires May 31, 2014;

(d)

Episode 4:   Effective September 1, 2013 – Expires August 31, 2014;

(e)

Episode 5:   Effective September 1, 2013 – Expires November 30, 2014;

(f)

Episode 6:   Effective September 1, 2013 – Expires February 28, 2015;

(g)

Episode 7:   Effective September 1, 2013 – Expires May 31, 2015;

(h)

Episode 8:   Effective September 1, 2013 – Expires August 31, 2015;

(i)

Episode 9:   Effective September 1, 2013 – Expires November 30, 2015;

(j)

Episode 10: Effective September 1, 2013 – Expires February 18, 2015.

8.3 Rangemore may terminate this Agreement, immediately by written notice to Appiphany, if: 

(a)

any representation or warranty made by Appiphany in this Agreement is untrue or incorrect; 

(b)

agreed to by both parties in writing.

8.4 Appiphany may terminate this Agreement, immediately by written notice to Rangemore, if: 

(a)

any representation or warranty made by Appiphany in this Agreement is untrue or incorrect; 

(b)

agreed to by both Parties in writing.

9.0 AMENDMENT 

9.1 Any amendments to this Agreement must be in writing and executed by the Parties. 

10.0 APPROPRIATION 

10.1 Appropriation of Net Revenue will be allocated on a quarterly basis assuming an April 30 year end or unless otherwise agreed upon by both Parties. 

11.0 DISPUTE RESOLUTION 

11.1 If a dispute arises between Appiphany and British Columbia regarding any aspect of this Agreement, the individuals identified under section 13.3 will meet as soon as is practicable to resolve the dispute. 

12.0 GENERAL PROVISIONS 

12.1 In this Agreement: 

(a) all headings are for convenience only and do not form part of this Agreement and are not intended to interpret, define, limit, enlarge, modify or explain the scope, extent or intent of this Agreement or any of its provisions; 

(b) words in the singular include the plural and words in the plural include the singular unless the context or a specific definition otherwise requires; 

(c) the use of the word “including” is to be read as not limiting the generality of the preceding term or phrase; 

(d) all references to a designated “section”, “subsection” or other subdivision or to a Schedule are to the designated section, subsection or subdivision of, or Schedule to, this Agreement; 

(e) any reference to a corporate entity includes and is also a reference to any corporate entity that was a predecessor to, or that is a successor to, such entity; and 

(f) any reference made to a statute includes all regulations made under that statute and any amendments or replacements for that statute or regulations made under that statute. 

12.2 This Agreement shall be governed by the applicable laws of the Province of British Columbia, Canada. 

12.3 This Agreement and any amendments to it, made in accordance with section 9.1, constitute the entire agreement between the Parties with respect to the subject matter of the Agreement, unless otherwise agreed in writing by the Parties. 

12.4 There will be no presumption that any ambiguity in any of the terms of this Agreement should be interpreted in favor of either Party. 

12.5 If any part of this Agreement is void or unenforceable at law, it shall be severed from this Agreement and the rest of the Agreement shall remain in effect and fully enforceable. 

12.6 No term, condition, covenant or other provision of this Agreement and no breach by one Party of any term or condition of this Agreement may be waived unless such waiver is in writing and signed by the other Party. 

12.7 Time is of the essence. 

12.8 This Agreement will ensure to the benefit of and be binding upon the Parties and their respective permitted assigns. 

12.9 Unless otherwise agreed by the Parties, this Agreement may not be assigned, either in whole or in part, by either Party. 

12.10 All funds are in US dollars.

12.11 This Agreement may be entered into by each Party signing a separate copy of the Agreement (including a photocopy or facsimile copy) and delivering it to the other Party by facsimile transmission. 

12.12 This Agreement will not limit the positions that a Party may take in future negotiations or court actions.

12.13 This Agreement and any decisions made during the term of this Agreement do not change or affect the positions either Party has, or may have, regarding their respective jurisdictions and authorities. 

12.14 This Agreement does not exclude Appiphany from selling additional interests in the Episodes to other parties.

13.0 NOTICE 

13.1 Any notice or other communication that is required to be given or that a Party wishes to give to the other Party with respect to this Agreement will be in writing. It will be effectively given: 

(a) by personal delivery to the address of the Party set out in section 13.3; 

(b) by pre-paid registered mail to the address of the Party set out in section 13.3; or 

(c) by facsimile, to the facsimile number of the Party set out in section 13.3. 

13.2 Any notice or communication given in accordance with section 13.1 will be deemed to have been given on the date it is actually received, if received by 4:00 pm. If received after 4:00 pm, it will be deemed to have been received on the next business day. 

13.3 A notice or communication must be delivered, mailed or sent by facsimile to the intended recipient at the address below: 

Rangemore Film Productions Corp.

100 Fifth Street, Suite 200-B3

Miami Beach, Florida

USA   33139

Telephone: (786) 924-6579

Facsimile: (305) 436-3714

Appiphany Technologies Corp.

P.O. Box 21101 Orchard Park

Kelowna, British Columbia

Canada   V1Y 9N8

Telephone: (250) 864-5377

Facsimile: (604) 608-1130

THIS AGREEMENT HAS BEEN EXECUTED as of the day and year first above written. 

RANGEMORE FILM PRODUCTIONS CORP.

/s/ Richard Smith

By: Richard Smith

Its: Director/Secretary/Treasurer

APPIPHANY TECHNOLOGIES CORP.

/s/ Jesse Keller

By: Jesse Keller

Its: Director/President/CEO

SCHEDULE “A”

Payment Schedule

					
	Per Episode

	 
	Revenue 

	Cash

	Common Stock

	 
	Percentage

	Payment

	Payment

	 
	1%

	 $          2,500 

	           10,000,000 

	 
	2%

	 $          5,000 

	           20,000,000 

	 
	3%

	 $          7,500 

	           30,000,000 

	 
	4%

	 $        10,000 

	           40,000,000 

	 
	5%

	 $        12,500 

	           50,000,000 

	 
	6%

	 $        15,000 

	           60,000,000 

	 
	7%

	 $        17,500 

	           70,000,000 

	 
	8%

	 $        20,000 

	           80,000,000 

	 
	9%

	 $        22,500 

	           90,000,000 

	 

	10%

	 $        25,000 

	         100,000,000 

					
	Total For All 10 Episodes

	 
	Revenue 

	Cash

	Common Stock

	 
	Percentage

	Payment

	Payment

	 
	1%

	 $       25,000 

	        100,000,000 

	 
	2%

	 $       50,000 

	        200,000,000 

	 
	3%

	 $       75,000 

	        300,000,000 

	 
	4%

	 $     100,000 

	        400,000,000 

	 
	5%

	 $     125,000 

	        500,000,000 

	 
	6%

	 $     150,000 

	        600,000,000 

	 
	7%

	 $     175,000 

	        700,000,000 

	 
	8%

	 $     200,000 

	        800,000,000 

	 
	9%

	 $     225,000 

	        900,000,000 

	 

	10%

	 $     250,000 

	     1,000,000,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}]]