Document:

Exhibit 10.2

 

REGISTRATION RIGHTS
AGREEMENT

This
REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of May 31, 2022, by and between MARIJUANA COMPANY OF AMERICA,
INC., a Utah corporation (the “Company”), and DUTCHESS CAPITAL GROWTH FUND, LP, a Delaware limited partnership (together
with it permitted assigns, the “Investor”) (the Company and Investor each a “Party” and together
the “Parties”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings
set forth in the Common Stock Purchase Agreement by and between the Parties, dated as of the date hereof (as amended, restated, supplemented,
or otherwise modified from time to time, the “Purchase Agreement”).

RECITALS

WHEREAS,
in consideration of Ten Million Dollars ($10,000,000) of Company Common stock that may be issued by the Company under the Purchase
Agreement, and to induce the Investor to enter into the Purchase Agreement, the Company has agreed to provide to Investor certain registration
rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively,
the “Securities Act”), and any applicable state securities laws. This Agreement sets for the terms and conditions
agreed upon by the Parties of such registration rights.

NOW,
THEREFORE, in consideration of the promises and the mutual covenants contained herein and in the Purchase Agreement, and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

		1.	DEFINITIONS.
                                            As used in this Agreement, the following terms shall have the following meanings:

		(a)	“Investor”
                                            means Dutchess Capital Growth Fund, LP, as defined above, including any transferee or assignee
                                            thereof to whom an Investor assigns its rights under this Agreement in accordance with Section
                                            8 hereof, and who agrees to become bound by the provisions of this Agreement, and any transferee
                                            or assignee thereof to whom a transferee or assignee subsequently assigns its rights under
                                            this Agreement in accordance with Section 8 hereof, and who agrees to become bound by the
                                            provisions of this Agreement.

		(b)	“Person”
                                            means any individual or entity including, but not limited to, any corporation, a limited
                                            liability company, an association, a partnership, an organization, a business, an individual,
                                            a governmental or political subdivision thereof or a governmental agency.

		(c)	“Register”,
                                            “registered”, and “registration” refer to a registration
                                            effected by preparing and filing one or more registration statements of the Company in compliance
                                            with the Securities Act and/or pursuant to Rule 415 under the Securities Act or any successor
                                            rule providing for offering securities on a continuous basis (“Rule 415”),
                                            and the declaration or ordering of effectiveness of such registration statement(s) by the
                                            United States Securities and Exchange Commission (the “SEC”).

		(d)	“Registrable
                                            Securities” means (a) an aggregate of up to the Drawdown Notice Shares, and (b)
                                            any shares of common stock issued to the Investor as a result of any stock split, stock dividend,
                                            recapitalization, exchange or similar event as well as any Drawdown Notice True Up Shares
                                            issued to the Investor pursuant to the Purchase Agreement.

		(e)	“Registration
                                            Statement” means one or more registration statements of the Company covering only
                                            the sale of the Registrable Securities.

    	1 

    	 

    
		2.	REGISTRATION.

		(a)	Mandatory
                                            Registration. The Company shall, within forty-five (45) Business Days from the date hereof,
                                            file with the SEC an initial Registration Statement covering the maximum number of Registrable
                                            Securities (beginning with the Drawdown Notice Shares as shall be permitted to be included
                                            thereon in accordance with applicable SEC rules, regulations and interpretations so as to
                                            permit the resale of such Registrable Securities by the Investor, including but not limited
                                            to under Rule 415 under the Securities Act at then-prevailing market prices (and not fixed
                                            prices), as mutually determined by both the Company and the Investor in consultation with
                                            their respective legal counsel, not to exceed the aggregate number of authorized shares of
                                            the Company’s Common Stock then available for issuance in its Certificate of Incorporation
                                            at the time such Registration Statement is filed. The initial Registration Statement shall
                                            register only the Registrable Securities. The Investor and its counsel shall have a reasonable
                                            opportunity to review and comment upon such Registration Statement and any amendment or supplement
                                            to such Registration Statement and any related prospectus prior to its filing with or submission
                                            to the SEC, and the Company shall consider any reasonable recommendations. The Investor shall
                                            promptly furnish all information reasonably requested by the Company for inclusion therein.
                                            The Company shall use commercially reasonable efforts to have the initial Registration Statement
                                            and any amendment declared effective by the SEC as soon as practicable. The Company shall
                                            use commercially reasonable efforts to maintain the effective status of the Registration
                                            Statement, including, but not limited, to requirements under Rule 415 promulgated under the
                                            Securities Act and available for the resale by the Investor of all of the Registrable Securities
                                            covered thereby at all times until the earlier of (i) the date as of which the Investor may
                                            sell all of the Registrable Securities without restriction pursuant to Rule 144 promulgated
                                            under the Securities and (ii) the date on which the Investor shall have sold all the Registrable
                                            Securities covered thereby and no Available Amount remains under the Purchase Agreement (the
                                            “Registration Period”). The Company shall use commercially reasonable
                                            efforts in preparing the Registration Statement (including any amendments or supplements
                                            thereto and prospectuses contained therein) in order for the Registration Statement to not
                                            contain any untrue statement of a material fact or omit to state a material fact required
                                            to be stated therein, or necessary to make the statements therein, in light of the circumstances
                                            in which they were made, not misleading.

		(b)	Rule
                                            424 Prospectus. The Company shall, as required by applicable securities regulations,
                                            from time-to-time file with the SEC, pursuant to Rule 424 promulgated under the Securities
                                            Act, the prospectus and prospectus supplements, if any, to be used in connection with sales
                                            of the Registrable Securities under the Registration Statement. The Investor and its counsel
                                            shall have a reasonable opportunity to review and comment upon such prospectus prior to its
                                            filing with or submission to the SEC, and the Company shall give due consideration to all
                                            such comments and/or reasonable recommendations. The Investor shall use commercially reasonable
                                            efforts to comment upon such prospectus within one (1) Business Day from the date the Investor
                                            receives the final pre-filing version of such prospectus.

		(c)	Sufficient
                                            Number of Shares Registered. In the event the number of shares available under the Registration
                                            Statement is insufficient to cover all of the Registrable Securities, the Company shall amend
                                            the Registration Statement or file a new Registration Statement (a “New Registration
                                            Statement”), so as to cover all of such Registrable Securities (subject to the limitations
                                            set forth in Section 2(a)) as soon as practicable, but in any event not later than ten (10)
                                            Business Days after the necessity therefor arises, subject to any limits that may be imposed
                                            by the SEC pursuant to Rule 415 under the Securities Act. The Company shall use its commercially
                                            reasonable efforts to cause such amendment and/or New Registration Statement to become effective
                                            as soon as practicable following the filing thereof. Unless the Registration Period has ended,
                                            in the event that any of the Drawdown Notice Shares are not included in the Registration
                                            Statement, or have not been included in any New Registration Statement and the Company files
                                            any other registration statement under the Securities Act (other than on Form S-4, Form S-8,
                                            or with respect to other employee related plans or rights offerings) (“Other Registration
                                            Statement”) then the Company shall include in such Other Registration Statement
                                            first all of such Drawdown Notice Shares that have not been previously registered, and second
                                            any other securities the Company wishes to include in such Other Registration Statement.
                                            Unless the Registration Period has ended, the Company agrees that it shall not file any such
                                            Other Registration Statement unless all of the Drawdown Notice Shares have been included
                                            in such Other Registration Statement or otherwise have been registered for resale as described
                                            above.

    	2 

    	 

    
		(d)	Offering.
                                            If the staff of the SEC (the “Staff’) or the SEC seeks to characterize
                                            any offering pursuant to a Registration Statement filed pursuant to this Agreement as constituting
                                            an offering of securities that does not permit such Registration Statement to become effective
                                            and be used for resales by the Investor under Rule 415 at then-prevailing market prices (and
                                            not fixed prices), or if after the filing of the initial Registration Statement with the
                                            SEC pursuant to Section 2(a), the Company is otherwise required by the Staff or the SEC to
                                            reduce the number of Registrable Securities included in such initial Registration Statement,
                                            then the Company shall reduce the number of Registrable Securities to be included in such
                                            initial Registration Statement (with the prior consent, which shall not be unreasonably withheld,
                                            of the Investor and its legal counsel as to the specific Registrable Securities to be removed
                                            therefrom) until such time as the Staff and the SEC shall so permit such Registration Statement
                                            to become effective and be used as aforesaid. Unless the Registration Period has ended, in
                                            the event of any reduction in Registrable Securities pursuant to this paragraph, the Company
                                            shall file one or more New Registration Statements in accordance with Section 2(c) until
                                            such time as all Registrable Securities have been included in Registration Statements that
                                            have been declared effective and the prospectus contained therein is available for use by
                                            the Investor. Notwithstanding any provision herein or in the Purchase Agreement to the contrary,
                                            the Company’s obligations to register Registrable Securities (and any related conditions
                                            to the Investor’s obligations) shall be qualified as necessary to comport with any
                                            requirement of the SEC or the Staff as addressed in this Section 2(d).

		3.	RELATED
                                            OBLIGATIONS. With respect to the Registration Statement and whenever any Registrable
                                            Securities are to be registered pursuant to Section 2 including on any New Registration Statement,
                                            the Company shall use its commercially reasonable efforts to affect the registration of the
                                            Registrable Securities in accordance with the intended method of disposition thereof and,
                                            pursuant thereto, the Company shall have the following obligations:

		(a)	The Company
                                            shall prepare and file with the SEC such amendments (including post-effective amendments)
                                            and supplements to any registration statement and the prospectus used in connection with
                                            such registration statement, which prospectus is to be filed pursuant to Rule 424 promulgated
                                            under the Securities Act, as may be necessary to keep the Registration Statement or any New
                                            Registration Statement effective at all times during the Registration Period, and, during
                                            such period, comply with the provisions of the Securities Act with respect to the disposition
                                            of all Registrable Securities of the Company covered by the Registration Statement or any
                                            New Registration Statement until such time as all of such Registrable Securities shall have
                                            been disposed of in accordance with the intended methods of disposition by the seller or
                                            sellers thereof as set forth in such registration statement.

		(b)	The Company
                                            shall permit the Investor to review and comment upon the Registration Statement or any New
                                            Registration Statement and all amendments and supplements thereto at least two (2) Business
                                            Days prior to their filing with the SEC, and not file any document in a form to which Investor
                                            reasonably objects. The Investor shall use its commercially reasonable efforts to comment
                                            upon the Registration Statement or any New Registration Statement and any amendments or supplements
                                            thereto within two (2) Business Days from the date the Investor receives the final version
                                            thereof. The Company shall furnish to the Investor, without charge any correspondence from
                                            the SEC or the staff of the SEC to the Company or its representatives relating to the Registration
                                            Statement or any New Registration Statement.

		(c)	Upon request
                                            of the Investor, the Company shall furnish to the Investor, (i) promptly after the same is
                                            prepared and filed with the SEC, at least one copy of such registration statement and any
                                            amendment(s) thereto, including financial statements and schedules, all documents incorporated
                                            therein by reference and all exhibits, (ii) upon the effectiveness of any registration statement,
                                            a copy of the prospectus included in such registration statement and all amendments and supplements
                                            thereto (or such other number of copies as the Investor may reasonably request) and (iii)
                                            such other documents, including copies of any preliminary or final prospectus, as the Investor
                                            may reasonably request from time to time in order to facilitate the disposition of the Registrable
                                            Securities owned by the Investor. For the avoidance of doubt, any filing available to the
                                            Investor via the SEC’s live EDGAR system shall be deemed “furnished to the Investor”
                                            hereunder.

    	3 

    	 

    
		(d)	The Company
                                            shall use commercially reasonable efforts to (i) register and qualify the Registrable Securities
                                            covered by a registration statement under such other securities or “blue sky”
                                            laws of any state in which such registration would be required, (ii) prepare and file in
                                            those jurisdictions, such amendments (including post-effective amendments) and supplements
                                            to such registrations and qualifications as may be necessary to maintain the effectiveness
                                            thereof during the Registration Period, (iii) take such other actions as may be necessary
                                            to maintain such registrations and qualifications in effect at all times during the Registration
                                            Period, and (iv) take all other actions reasonably necessary or advisable to qualify the
                                            Registrable Securities for sale in such jurisdictions; provided, however, that the Company
                                            shall not be required in connection therewith or as a condition thereto to (x) qualify to
                                            do business in any jurisdiction where it would not otherwise be required to qualify but for
                                            this Section 3(d), (y) subject itself to general taxation in any such jurisdiction, or (z)
                                            file a general consent to service of process in any such jurisdiction. The Company shall
                                            promptly notify the Investor who holds Registrable Securities of the receipt by the Company
                                            of any notification with respect to the suspension of the registration or qualification of
                                            any of the Registrable Securities for sale under the securities or “blue sky”
                                            laws of any state in which such registration would be required or its receipt of actual notice
                                            of the initiation or threatening of any proceeding for such purpose.

		(e)	As promptly
                                            as practicable after becoming aware of such event or facts, the Company shall notify the
                                            Investor in writing of the happening of any event or existence of such facts as a result
                                            of which the prospectus included in any registration statement, as then in effect, includes
                                            an untrue statement of a material fact or omits to state a material fact required to be stated
                                            therein or necessary to make the statements therein, in light of the circumstances under
                                            which they were made, not misleading, and promptly prepare a supplement or amendment to such
                                            registration statement to correct such untrue statement or omission, and deliver a copy of
                                            such supplement or amendment to the Investor (or such other number of copies as the Investor
                                            may reasonably request). The Company shall also promptly notify the Investor in writing (i)
                                            when a prospectus or any prospectus supplement or post-effective amendment has been filed,
                                            and when a registration statement or any post-effective amendment has become effective (notification
                                            of such effectiveness shall be delivered to the Investor by email or facsimile on the same
                                            day of such effectiveness and by overnight mail), (ii) of any request by the SEC for amendments
                                            or supplements to any registration statement or related prospectus or related information,
                                            and (iii) of the Company’s reasonable determination that a post-effective amendment
                                            to a registration statement would be appropriate.

		(f)	The Company
                                            shall use its commercially reasonable efforts to prevent the issuance of any stop order or
                                            other suspension of effectiveness of any registration statement, or the suspension of the
                                            qualification of any Registrable Securities for sale in any jurisdiction and, if such an
                                            order or suspension is issued, to obtain the withdrawal of such order or suspension at the
                                            earliest possible moment and to notify the Investor of the issuance of such order and the
                                            resolution thereof or its receipt of actual notice of the initiation or threat of any proceeding
                                            for such purpose.

		(g)	The Company
                                            shall (i) cause all the Registrable Securities to be listed on each securities exchange on
                                            which securities of the same class or series issued by the Company are then listed, if any,
                                            if the listing of such Registrable Securities is then permitted under the rules of such exchange,
                                            or (ii) secure designation and quotation of all the Registrable Securities on the Principal
                                            Market. The Company shall pay all fees and expenses in connection with satisfying its obligation
                                            under this Section 3.

		(h)	The Company
                                            shall cooperate with the Investor to facilitate the timely preparation and delivery of certificates
                                            (not bearing any restrictive legend) representing the Registrable Securities to be offered
                                            pursuant to any registration statement and enable such certificates to be in such denominations
                                            or amounts as the Investor may reasonably request and registered in such names as the Investor
                                            may request.

		(i)	The Company
                                            shall at all times provide a transfer agent and registrar with respect to its Common Stock.

    	4 

    	 

    
		(j)	If reasonably
                                            requested by the Investor, the Company shall (i) immediately incorporate in a prospectus
                                            supplement or post-effective amendment such information as the Investor believes should be
                                            included therein relating to the sale and distribution of Registrable Securities, including,
                                            without limitation, information with respect to the number of Registrable Securities being
                                            sold, the purchase price being paid therefor and any other terms of the offering of the Registrable
                                            Securities; (ii) make all required filings of such prospectus supplement or post-effective
                                            amendment as soon as practicable upon notification of the matters to be incorporated in such
                                            prospectus supplement or post-effective amendment; and (iii) supplement or make amendments
                                            to any registration statement.

		(k)	The Company
                                            shall use its commercially reasonable efforts to cause the Registrable Securities covered
                                            by any registration statement to be registered with or approved by such other governmental
                                            agencies or authorities as may be necessary to consummate the disposition of such Registrable
                                            Securities.

		(l)	Within
                                            three (3) Business Days after any registration statement which includes the Registrable Securities
                                            is ordered effective by the SEC, the Company shall deliver, and shall cause legal counsel
                                            for the Company to deliver, to the transfer agent for such Registrable Securities (with copies
                                            to the Investor) confirmation that such registration statement has been declared effective
                                            by the SEC in the form attached hereto as Exhibit A. Thereafter, if requested by the Investor
                                            at any time, the Company shall require its counsel to deliver to the Investor a written confirmation
                                            whether or not the effectiveness of such registration statement has lapsed at any time for
                                            any reason (including, without limitation, the issuance of a stop order) and whether or not
                                            the registration statement is current and available to the Investor for sale of all of the
                                            Registrable Securities.

		(m)	The Company
                                            shall take all other reasonable actions necessary to expedite and facilitate disposition
                                            by the Investor of Registrable Securities pursuant to any registration statement.

		4.	OBLIGATIONS
                                            OF THE INVESTOR.

		(a)	The Company
                                            shall notify the Investor in writing of the information the Company reasonably requires from
                                            the Investor in connection with any registration statement hereunder. The Investor shall
                                            furnish to the Company such information regarding itself, the Registrable Securities held
                                            by it and the intended method of disposition of the Registrable Securities held by it as
                                            shall be reasonably required to affect the registration of such Registrable Securities and
                                            shall execute such documents in connection with such registration as the Company may reasonably
                                            request.

		(b)	The Investor
                                            agrees to cooperate with the Company as reasonably requested by the Company in connection
                                            with the preparation and filing of any registration statement hereunder.

		(c)	The Investor
                                            agrees that, upon receipt of any notice from the Company of the happening of any event or
                                            existence of facts of the kind described in Section 3(f) or the first sentence of Section
                                            3(e), the Investor will immediately discontinue disposition of Registrable Securities pursuant
                                            to any registration statement(s) covering such Registrable Securities until the Investor’s
                                            receipt of the copies of the supplemented or amended prospectus contemplated by Section 3(f)
                                            or the first sentence of Section 3(e). Notwithstanding anything to the contrary, the Company
                                            shall cause its transfer agent to promptly deliver shares of Common Stock without any restrictive
                                            legend in accordance with the terms of the Purchase Agreement in connection with any sale
                                            of Registrable Securities with respect to which an Investor has entered into a contract for
                                            sale prior to the Investor’s receipt of a notice from the Company of the happening
                                            of any event of the kind described in Section 3(f) or the first sentence of Section 3(e)
                                            and for which the Investor has not yet settled.

		5.	EXPENSES
                                            OF REGISTRATION. All reasonable expenses, other than sales or brokerage commissions,
                                            incurred in connection with registrations, filings or qualifications pursuant to Sections
                                            2 and 3, including, without limitation, all registration, listing and qualifications fees,
                                            printers and accounting fees, and fees and disbursements of counsel for the Company, shall
                                            be paid by the Company.

    	5 

    	 

    
		6.	INDEMNIFICATION.

		(a)	BY THE
                                            COMPANY: To the fullest extent permitted by law, the Company will, and hereby does, indemnify,
                                            hold harmless and defend the Investor, each Person, if any, who controls the Investor, the
                                            members, the directors, officers, partners, employees, agents, representatives of the Investor
                                            and each Person, if any, who controls the Investor within the meaning of the Securities Act
                                            or the Securities Exchange Act of 1934, as amended (the “Exchange Act”)
                                            (each, an “Investor Indemnified Person”), against any losses, claims,
                                            damages, liabilities, judgments, fines, penalties, charges, costs, attorneys’ fees,
                                            amounts paid in settlement or expenses, joint or several, (collectively, “Claims”)
                                            incurred in investigating, preparing or defending any action, claim, suit, inquiry, proceeding,
                                            investigation or appeal taken from the foregoing by or before any court or governmental,
                                            administrative or other regulatory agency, body or the SEC, whether pending or threatened,
                                            whether or not an indemnified party is or may be a party thereto (“Indemnified Damages”),
                                            to which any of them may become subject insofar as such Claims (or actions or proceedings,
                                            whether commenced or threatened, in respect thereof) arise out of or are based upon: (i)
                                            any untrue statement or alleged untrue statement of a material fact in the Registration Statement,
                                            any New Registration Statement or any post-effective amendment thereto or in any filing made
                                            in connection with the qualification of the offering under the securities or other “blue
                                            sky” laws of any jurisdiction in which Registrable Securities are offered (“Blue
                                            Sky Filing”), or the omission or alleged omission to state a material fact required
                                            to be stated therein or necessary to make the statements therein not misleading, (ii) any
                                            untrue statement or alleged untrue statement of a material fact contained in the final prospectus
                                            (as amended or supplemented, if the Company files any amendment thereof or supplement thereto
                                            with the SEC) or the omission or alleged omission to state therein any material fact necessary
                                            to make the statements made therein, in light of the circumstances under which the statements
                                            therein were made, not misleading, (iii) any violation or alleged violation by the Company
                                            of the Securities Act, the Exchange Act, any other law, including, without limitation, any
                                            state securities law, or any rule or regulation thereunder relating to the offer or sale
                                            of the Registrable Securities pursuant to the Registration Statement or any New Registration
                                            Statement or (iv) any material violation by the Company of this Agreement (the matters in
                                            the foregoing clauses (i) through (iv) being, collectively, “Violations”).
                                            The Company shall reimburse each Investor Indemnified Person promptly as such expenses are
                                            incurred and are due and payable, for any reasonable legal fees or other reasonable expenses
                                            incurred by them in connection with investigating or defending any such Claim. Notwithstanding
                                            anything to the contrary contained herein, the indemnification agreement contained in this
                                            Section 7(a): (i) shall not apply to a Claim by an Investor Indemnified Person arising out
                                            of or based upon a Violation which occurs in reliance upon and in conformity with information
                                            about the Investor furnished in writing to the Company by such Investor Indemnified Person
                                            expressly for use in connection with the preparation of the Registration Statement, any New
                                            Registration Statement or any such amendment thereof or supplement thereto, if such prospectus
                                            was timely made available by the Company pursuant to Section 3(c) or Section 3(e); (ii) with
                                            respect to any superseded prospectus, shall not inure to the benefit of any such person from
                                            whom the person asserting any such Claim purchased the Registrable Securities that are the
                                            subject thereof (or to the benefit of any person controlling such person) if the untrue statement
                                            or omission of material fact contained in the superseded prospectus was corrected in the
                                            revised prospectus, as then amended or supplemented, if such revised prospectus was timely
                                            made available by the Company pursuant to Section 3(c) or Section 3(e), and the Investor
                                            Indemnified Person was promptly advised in writing not to use the incorrect prospectus prior
                                            to the use giving rise to a violation and such Investor Indemnified Person, notwithstanding
                                            such advice, used it; (iii) shall not be available to the extent such Claim is based on a
                                            failure of the Investor to deliver or to cause to be delivered the prospectus made available
                                            by the Company, if such prospectus was timely made available by the Company pursuant to Section
                                            3(c) or Section 3(e); and (iv) shall not apply to amounts paid in settlement of any Claim
                                            if such settlement is effected without the prior written consent of the Company, which consent
                                            shall not be unreasonably withheld. Such indemnity shall remain in full force and effect
                                            regardless of any investigation made by or on behalf of the Investor Indemnified Person and
                                            shall survive the transfer of the Registrable Securities by the Investor pursuant to Section
                                            10.

    	6 

    	 

    
		(b)	BY THE
                                            INVESTOR: To the fullest extent permitted by law, the Investor will, and hereby does,
                                            indemnify, hold harmless and defend the Company, each Person, if any, who controls the Company,
                                            the members, the directors, officers, partners, employees, agents, representatives of the
                                            Company and each Person, if any, who controls the Company within the meaning of the Securities
                                            Act or the Exchange Act (each, with respect to the Company, a “Company Indemnified
                                            Person”), against Claims (with respect to the Company and related Company Indemnified
                                            Persons) and Indemnified Damages (with respect to the Company and related Indemnified Persons),
                                            to which any of them may become subject insofar as such Claims (or actions or proceedings,
                                            whether commenced or threatened, in respect thereof) arise out of or are based upon (i) any
                                            untrue statement of a material fact in any Registration Statement under which such Registrable
                                            Securities were registered or sold under the Securities Act (including any final, preliminary
                                            or summary prospectus contained therein or any amendment thereof or supplement thereto or
                                            any documents incorporated by reference therein) or (ii) any omission to state therein a
                                            material fact required to be stated therein or necessary to make the statements therein (in
                                            the case of a prospectus or preliminary prospectus, in light of the circumstances under which
                                            they were made) not misleading, in each case to the extent, but only to the extent, that
                                            such untrue statement or omission is contained in any information relating to the Investor
                                            furnished in writing by the Investor to the Company specifically for inclusion in a Registration
                                            Statement and used by the Company in conformity therewith.

		(c)	INDEMNIFICATION
                                            PROCEDURES: Any references herein to an “Indemnified Person” shall mean an
                                            Investor Indemnified Person or a Company Indemnified Person, as applicable. 

		1.	Promptly
                                            after receipt by an Indemnified Person under Sections 7(a) or 7(b) of notice of the commencement
                                            of any action or proceeding (including any governmental action or proceeding) involving a
                                            Claim, such Indemnified Person shall, if a Claim in respect thereof is to be made against
                                            any indemnifying party under this Section 7, deliver to the indemnifying party a written
                                            notice of the commencement thereof, and the indemnifying party shall have the right to participate
                                            in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying
                                            party similarly noticed, to assume control of the defense thereof with counsel mutually satisfactory
                                            to the indemnifying party and the Indemnified Person; provided, however, that an Indemnified
                                            Person shall have the right to retain its own counsel with the fees and expenses to be paid
                                            by the indemnifying party, if, in the reasonable opinion of counsel retained by the indemnifying
                                            party, the representation by such counsel of the Indemnified Person and the indemnifying
                                            party would be inappropriate due to actual or potential differing interests between such
                                            Indemnified Person and any other party represented by such counsel in such proceeding. The
                                            Indemnified Person shall cooperate fully with the indemnifying party in connection with any
                                            negotiation or defense of any such action or claim by the indemnifying party and shall furnish
                                            to the indemnifying party all information reasonably available to the Indemnified Person
                                            which relates to such action or claim. The indemnifying party shall keep the Indemnified
                                            Person fully apprised at all times as to the status of the defense or any settlement negotiations
                                            with respect thereto. No indemnifying party shall be liable for any settlement of any action,
                                            claim or proceeding effectuated without its written consent, provided, however, that the
                                            indemnifying party shall not unreasonably withhold, delay, or condition its consent. No indemnifying
                                            party shall, without the consent of the Indemnified Person, consent to entry of any judgment
                                            or enter into any settlement or other compromise which does not include as an unconditional
                                            term thereof the giving by the claimant or plaintiff to such Indemnified Person of a release
                                            from all liability in respect to such claim or litigation. Following indemnification as provided
                                            for hereunder, the indemnifying party shall be subrogated to all rights of the Indemnified
                                            Person with respect to all third parties, firms or corporations relating to the matter for
                                            which indemnification has been made. The failure to deliver written notice to the indemnifying
                                            party within a reasonable time of the commencement of any such action shall not relieve such
                                            indemnifying party of any liability to the Indemnified Person under this Section 7, except
                                            to the extent that the indemnifying party is prejudiced in its ability to defend such action.

		2.	The indemnification
                                            required by this Section 7 shall be made by periodic payments of the amount thereof during
                                            the course of the investigation or defense, as and when bills are received, or Indemnified
                                            Damages are incurred.

		3.	The indemnity
                                            agreements contained herein shall be in addition to (i) any cause of action or similar right
                                            of the Person against the indemnifying party or others, and (ii) any liabilities the indemnifying
                                            party may be subject to pursuant to the law.

		(d)	INDEMNIFICATION
                                            LIMITATIONS: To the extent any indemnification by an indemnifying party is prohibited
                                            or limited by law, the indemnifying party agrees to make the maximum contribution with respect
                                            to any amounts for which it would otherwise be liable under Section 7 to the fullest extent
                                            permitted by law; provided, however, that: (i) no seller of Registrable Securities guilty
                                            of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act)
                                            shall be entitled to contribution from any seller of Registrable Securities who was not guilty
                                            of fraudulent misrepresentation; and (ii) contribution by any seller of Registrable Securities
                                            shall be limited in amount to the net amount of proceeds received by such seller from the
                                            sale of such Registrable Securities.

    	7 

    	 

    
		7.	REPORTS
                                            AND DISCLOSURE UNDER THE SECURITIES ACTS. With a view to making available to the Investor
                                            the benefits of Rule 144 promulgated under the Securities Act or any other similar rule or
                                            regulation of the SEC that may at any time permit the Investor to sell securities of the
                                            Company to the public without registration (“Rule 144”), the Company agrees,
                                            at the Company’s sole expense, to:

		(a)	make and
                                            keep public information available, as those terms are understood and defined in Rule 144;

		(b)	use reasonable
                                            efforts to file with the SEC in a timely manner all reports and other documents required
                                            of the Company under the Securities Act and the Exchange Act so long as the Company remains
                                            subject to such requirements and the filing of such reports and other documents is required
                                            for the applicable provisions of Rule 144;

		(c)	furnish
                                            to the Investor so long as the Investor owns Registrable Securities, promptly upon request,
                                            (i) a written statement by the Company that it has complied with the reporting and or disclosure
                                            provisions of Rule 144, the Securities Act and the Exchange Act, (ii) a copy of the most
                                            recent annual or quarterly report of the Company and such other reports and documents so
                                            filed by the Company, and (iii) such other information as may be reasonably requested to
                                            permit the Investor to sell such securities pursuant to Rule 144 without registration; and

		(d)	take such
                                            additional action as is requested by the Investor to enable the Investor to sell the Registrable
                                            Securities pursuant to Rule 144, including, without limitation, delivering all such legal
                                            opinions, consents, certificates, resolutions and instructions to the Company’s Transfer
                                            Agent as may be requested from time to time by the Investor and otherwise fully cooperate
                                            with Investor and Investor’s broker to effect such sale of securities pursuant to Rule
                                            144.

		8.	ASSIGNMENT.
                                            This Agreement shall be binding upon and shall inure to the benefit of the Parties and their
                                            respective successors and permitted assigns. No Party shall have any power or any right to
                                            assign or transfer, in whole or in part, this Agreement, or any of its rights or any of its
                                            obligations hereunder, including, without limitation, any right to pursue any claim for damages
                                            pursuant to this Agreement or the transactions contemplated herein, or to pursue any claim
                                            for any breach or default of this Agreement, or any right arising from the purported assignor’s
                                            due performance of its obligations hereunder, without the prior written consent of the other
                                            Party and any such purported assignment in contravention of the provisions herein shall be
                                            null and void and of no force or effect.

		9.	AMENDMENT.
                                            No provision of this Agreement may be amended or waived
                                            by the Parties from and after the date that is one Business Day immediately preceding the
                                            initial filing of the Registration Statement with the SEC. Subject to the immediately preceding
                                            sentence, no provision of this Agreement may be (i) amended other than by a written instrument
                                            signed by both Parties or (ii) waived other than in a written instrument signed by the Party
                                            against whom enforcement of such waiver is sought. Failure of any Party to exercise any right
                                            or remedy under this Agreement or otherwise, or delay by a Party in exercising such right
                                            or remedy, shall not operate as a waiver thereof.

    	8 

    	 

    
		10.	MISCELLANEOUS.

(a)
CONFLICTING INSTRUCTION: A Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed
to own of record such Registrable Securities. If the Company receives conflicting instructions, notices or elections from two or more
Persons with respect to the same Registrable Securities, the Company shall act upon the basis of instructions, notice or election received
from the registered owner of such Registrable Securities.

(b)
NOTICES: All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder
shall be in writing and, unless otherwise specified herein, shall be (a) personally served, (b) deposited in the mail, registered or
certified, return receipt requested, postage prepaid, (c) delivered by reputable air courier service with charges prepaid, or (d) transmitted
by hand delivery, telegram, or email as a PDF, addressed as set forth below or to such other address as the Party shall have specified
most recently by written notice given in accordance herewith. Any notice or other communication required or permitted to be given hereunder
shall be deemed effective (i) upon hand delivery or delivery by email at the address designated below (if delivered on a business day
during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other
than on a business day during normal business hours where such notice is to be received) or (ii) on the second business day following
the date of mailing by express courier service or on the fifth business day after deposited in the mail, in each case, fully prepaid,
addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications
shall be:

If to the Company:

 

Marijuana
Company of America, Inc.

Attn: Jesus
Quintero

633 West
Fifth Street

Los Angeles,
CA 90071

Email:

 

If to the Investor:

 

DUTCHESS
CAPITAL GROWTH FUND LP

Attn: Michael
Novielli

75 Port City
Landing Suite 200

Mount Pleasant,
SC 29464

Email: mnovielli@dutchesscapital.com

 

Either
Party may from time to time change its address or email for notices under this Section 10 by giving at least ten (10) days’ prior
written notice of such changed address to the other Party.

(c)
CHOICE OF LAW, VENUE, AND JURY TRIAL WAIVER: This Agreement shall be governed by and interpreted in accordance with the
laws of the State of Delaware without regard to the principles of conflicts of law. Each of the Company and the Investor hereby submits
to the exclusive jurisdiction of the United States federal and state courts located in California, County of Los Angeles (the “Selected
Courts”), with respect to any dispute arising under the Transaction Documents or the transactions contemplated thereby. EACH PARTY
HERETO HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE SELECTED COURTS FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER
OR IN CONNECTION HEREWITH OR WITH ANY TRANSACTION CONTEMPLATED HEREBY OR DISCUSSED HEREIN (INCLUDING WITH RESPECT TO THE ENFORCEMENT
OF THE RIGHTS OF A PARTY UNDER THIS AGREEMENT), AND HEREBY IRREVOCABLY WAIVES, AND AGREES NOT TO ASSERT IN ANY SUIT, ACTION OR PROCEEDING,
ANY CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF SUCH SELECTED COURTS, OR SUCH SELECTED COURTS ARE IMPROPER OR INCONVENIENT
VENUE FOR SUCH PROCEEDING. EACH PARTY HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF PROCESS AND CONSENTS TO PROCESS BEING SERVED IN ANY
SUCH SUIT, ACTION OR PROCEEDING BY MAILING A COPY THEREOF VIA REGISTERED OR CERTIFIED MAIL OR OVERNIGHT DELIVERY (WITH EVIDENCE OF DELIVERY)
TO SUCH PARTY AT THE ADDRESS IN EFFECT FOR NOTICES TO IT UNDER THIS AGREEMENT AND AGREES THAT SUCH SERVICE SHALL CONSTITUTE GOOD AND
SUFFICIENT SERVICE OF PROCESS AND NOTICE THEREOF. NOTHING CONTAINED HEREIN SHALL BE DEEMED TO LIMIT IN ANY WAY ANY RIGHT TO SERVE PROCESS
IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

    	9 

    	 

    

TO
THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (A) CERTIFIES
THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT,
IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN
INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

(d)EQUITABLE REMEDIES: Each Party acknowledges that a breach by it of its obligations hereunder will cause irreparable harm
to the other Party, and thus each Party acknowledges that the remedy at law for a breach of its obligations under this Agreement will
be inadequate and agrees, in the event of a breach or threatened breach by such Party of the provisions of this Agreement, that the other
Party shall be entitled, in addition to all other available remedies at law or in equity, and in addition to the penalties assessable
herein, to an injunction or injunctions restraining, preventing or curing any breach of this Agreement and to enforce specifically the
terms and provisions hereof, without the necessity of showing economic loss and without any bond or other security being required.

(e)
ENTIRE AGREEMENT: This Agreement, together with the Purchase Agreement and Transaction Documents (as defined therein),
and all associated exhibits and schedules hereto and thereto, contain the entire understanding of the Parties with respect to the matters
covered herein and therein and supersedes all prior agreements and understandings, oral or written, with respect to such matters, which
the Parties acknowledge have been merged into such documents, exhibits and schedules.

(f)
HEADINGS: The titles and subtitles used in this Agreement are used for the convenience of reference and are not to be considered
in construing or interpreting this Agreement.

(g)
COUNTERPARTS: This Agreement may be executed in multiple counterparts, each of which shall be deemed an original and all
of which taken together shall be but a single instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf
or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and
any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

(h)
FURTHER ACTS: Each Party shall do and perform, or cause to be done and performed, all such further acts and things, and
shall execute and deliver all such other agreements, certificates, instruments, and documents, as the other Party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

(i)
SEVERABILITY: In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction
to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided that such
severability shall be ineffective if it materially changes the economic benefit of this Agreement to any Party.

(j)
INTERPRETATION: The language used in this Agreement will be deemed to be the language chosen by the Parties to express
their mutual intent, and no rules of strict construction will be applied against any Party.

(k)
NO THIRD-PARTY BENEFICIARIES: This Agreement is intended for the benefit of the Parties and their respective successors
and permitted assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

[Signature Page
Follows]

    	10 

    	 

    

IN WITNESS WHEREOF,
the Parties have caused this Agreement to be duly executed as of day and year first above written.

	 	MARIJUANA COMPANY OF AMERICA, INC.

 

By:

 

/s/ Jesus Quintero

Name: Jesus Quintero

Title: Chief Executive Officer

	 	 
	 	DUTCHESS CAPITAL GROWTH FUND LP

       

By:

 

/s/ Michael Novielli

Name: Michael Novielli

Title:  Managing Member, Dutchess Capital

Advisors LLC, General Partner to: Dutchess

Capital Growth Fund L.P.

	 	 
	 	 

 

 

    	11 

    	 

    

 

EXHIBIT A

TO REGISTRATION RIGHTS AGREEMENT

FORM OF NOTICE
OF EFFECTIVENESS OF REGISTRATION STATEMENT

 

[______, 2022]

 

Re: [       ]

Ladies and Gentlemen:

We are counsel
to MARIJUANA COMPANY OF AMERICA, INC., a Utah corporation (the “Company”), and have represented the Company in connection
with that certain Common Stock

Purchase Agreement,
dated as of May [___], 2022 (the “Purchase Agreement”), entered into by and between the Company and DUTCHESS CAPITAL
GROWTH FUND, LP (the “Investor”) pursuant to which the Company has agreed to issue to the Investor shares of the Company’s
Common Stock, $0.001 par value (the “Common Stock ”), in an amount up to Ten Million Dollars ($10,000,000) (the “Drawdown
Notice Shares”), in accordance with the terms of the Purchase Agreement. In connection with the transactions contemplated by
the Purchase Agreement, the Company has registered with the U.S. Securities & Exchange Commission the following shares of Common
Stock:

(1)Drawdown
Notice Shares to be issued to the Investor upon purchase from the Company by the Investor from time to time in accordance with the Purchase
Agreement.

(2)Drawdown
Notice True Up Shares which may be issued to the Investor from time to time in accordance with the Purchase Agreement.

Pursuant to the
Purchase Agreement, the Company also has entered into a Registration Rights Agreement, of even date with the Purchase Agreement with
the Investor (the “Registration Rights Agreement”) pursuant to which the Company agreed, among other things, to register
the Purchase Notice Shares and Commitment Shares under the Securities Act of 1933, as amended (the “Securities Act”).
In connection with the Company’s obligations under the Purchase Agreement and the Registration Rights Agreement, on [ ], 2022,
the Company filed a Registration Statement (File No. 333-[ ]) (the “Registration Statement”) with the Securities and
Exchange Commission (the “SEC”) relating to the resale of the Purchase Notice Shares.

In connection
with the foregoing, we advise you that a member of the SEC’s staff has advised us by telephone that the SEC has entered an order
declaring the Registration Statement effective under the Securities Act at [ ] [A.M./P.M.] on [ ], 2022 and we have no knowledge, after
telephonic inquiry of a member of the SEC’s staff, that any stop order suspending its effectiveness has been issued or that any
proceedings for that purpose are pending before, or threatened by, the SEC and the Purchase Notice Shares are available for resale under
the Securities Act pursuant to the Registration Statement and may be issued without any restrictive legend.

Very truly yours,

[COMPANY COUNSEL NAME]

By: 

 

cc: Dutchess Capital Growth Fund, LPDocument

Exhibit 10.1
GAMESTOP CORP.
2022 INCENTIVE PLAN

GAMESTOP CORP., a Delaware corporation (the “Company”), has adopted this GameStop Corp. 2022 Incentive Plan (the “Plan”) effective as of June 2, 2022 (the “Effective Date”).
RECITALS
WHEREAS, the Company desires to encourage high levels of performance by those individuals who are key to the success of the Company and its Affiliates, to attract new individuals who are highly motivated and who will contribute to the success of the Company and to encourage such individuals to remain as officers, employees, consultants, advisors and/or directors of the Company and its Affiliates by increasing their proprietary interest in the Company’s growth and success and/or by providing the opportunity to earn performance incentive awards, the achievement of which would increase stockholder value.
WHEREAS, to attain these ends, the Company has formulated the Plan embodied herein to authorize the granting of Awards to Participants whose judgment, initiative and efforts are, have been, or are expected to be responsible for the success of the Company and its Affiliates.
NOW, THEREFORE, the Company hereby constitutes, establishes and adopts the following Plan and agrees to the following provisions: 
ARTICLE 1
PURPOSE OF THE PLAN

1.1Purpose. The purpose of the Plan is to assist the Company and its Affiliates in attracting and retaining selected individuals to serve as directors, officers, consultants, advisors, and employees of the Company and its Affiliates who will contribute to the Company’s success and to achieve short-term and long-term objectives that will inure to the benefit of all shareholders of the Company through the additional incentive inherent in Awards granted hereunder.
ARTICLE 2
DEFINITIONS

2.1“2019 Plan” means the GameStop Corp. 2019 Incentive Plan.
2.2“2011 Plan” means the Amended and Restated GameStop Corp. 2011 Incentive Plan.
2.3“Affiliate” means any entity that, directly or indirectly, is controlled by, controls or is under common control with, the Company or in which the Company has a significant equity interest, in either case as determined by the Board; provided, however, that the definition of Affiliate shall be limited to entities that are eligible issuers of service recipient stock (as defined in Treas. Reg. Section 1.409A-1(b)(5)(iii)(E), or applicable successor regulation) for Awards that would otherwise be subject to Code Section 409A, unless the Committee determines otherwise. 

2.4“Award” means a grant of cash, Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Awards, Other Share-Based Awards, or any other right, interest or option related to Shares or other property (including cash) granted pursuant to the provisions of this Plan.
2.5“Award Agreement” shall mean any written agreement between a Participant and the Company governing the grant of an Award under this Plan.
2.6“Board” shall mean the Board of Directors of the Company.
2.7“Change in Control” shall mean a “Change in the Ownership of the Company,” a “Change in Effective Control of the Company,” or a “Change in the Ownership of a Substantial Portion of the Assets of the Company,” all as defined below:
(1)A “Change in the Ownership of the Company” occurs on the date that any one person, or more than one person acting as a group (within the meaning of Code Section 409A), acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes more than fifty (50) percent of the total fair market value or total voting power of the stock of the Company. However, if any one person, or more than one person acting as a group (within the meaning of Code Section 409A), is considered to own more than fifty (50) percent of the total fair market value or total voting power of the stock of the Company, the acquisition of additional stock by the same person or persons is not considered to cause a “Change in the Ownership of the Company.”
(2)A “Change in the Effective Control of the Company” occurs only on the date that either:
(A)Any one person, or more than one person acting as a group (within the meaning of Code Section 409A), acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing thirty (30) percent or more of the total voting power of the Company; or
(B)A majority of members of the Board is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election.
(3)A “Change in the Ownership of a Substantial Portion of the Assets of the Company” occurs on the date that any one person, or more than one person acting as a group (within the meaning of Code Section 409A), acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market value equal to or more than forty (40) percent of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions.
2.8“Code” shall mean the Internal Revenue Code of 1986, as amended.
2

2.9“Committee” shall mean the Compensation Committee of the Board or any successor committee the Board may designate to administer the Plan, provided such Committee consists of no fewer than two Directors, each of whom is (i) a “Non-Employee Director” within the meaning of Rule 16b-3 of the Exchange Act, and (ii) an “independent director” for purposes of the rules and regulations of the New York Stock Exchange. Notwithstanding the foregoing, the Committee, in accordance with applicable state law, may appoint to one or more officers of the Company the authority to grant Awards to Participants who are not subject to the requirements of Section 16 of the Exchange Act, in that case and with respect to the issuance of such Awards, any reference herein to “the Committee” will also mean the officer or officers so appointed.
2.10“Company” has the meaning set forth in the introductory paragraph of the Plan.
2.11“Director” shall mean any member of the Board.
2.12“Disability” shall mean with respect to any Participant (i) “Disability” (or any substantially similar concept) as described in the Participant’s employment, consulting, severance or similar agreement with the Company or an Affiliate, or (ii) if the applicable Participant is not a party to an effective employment, consulting, severance or similar agreement with the Company or an Affiliate that addresses Disability (or any substantially similar concept) a medically determinable physical or mental impairment entitling the Participant to income replacement benefits under any long-term disability plan maintained or sponsored by the Company (or the Affiliate for which the Participant performs services).
2.13“Effective Date” has the meaning set forth in the introductory paragraph of the Plan.
2.14“Employee” shall mean any employee of the Company or any Affiliate. Solely for purposes of the Plan, an Employee shall also mean any officer of the Company or any Affiliate, as well as any consultant or advisor who provides services to the Company or any Affiliate. 
2.15“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.
2.16“Fair Market Value” of Shares as of a specified date shall mean, if the Shares are listed or admitted to trading on a securities exchange registered under the Exchange Act, the closing price of the Shares for the date as of which Fair Market Value is being determined as reported on an established securities market (within the meaning of Treasury Regulations Section 1.897-l(m)) on which the Shares are traded, or, if such date is not a trading day, the closing price for the most recently preceding trading day. If the Shares are not listed or admitted to trading on any such exchange, Fair Market Value shall be determined by the Committee in its sole discretion using appropriate criteria. Notwithstanding the foregoing, the Fair Market Value of Shares shall be determined in accordance with Code Section 409A, to the extent necessary for an Award to comply with or be exempt from Code Section 409A.
2.17“Incentive Stock Options” shall mean Options that qualify as such under Code Section 422.
3

2.18“Involuntary Termination” shall mean with respect to any Participant (i) a termination of that Participant’s employment or service with Company or its Affiliates without “Cause” or for “Good Reason” (or any substantially similar concept) as described in the Participant’s employment, consulting, severance or similar agreement with the Company or an Affiliate, or (ii) if the applicable Participant is not a party to an effective employment, consulting, severance or similar agreement with the Company or an Affiliate that addresses termination without Cause or for Good Reason (or any substantially similar concept), a termination of a Participant’s employment or service that is determined, in the Committee’s sole discretion, to be an involuntary termination.
2.19“Non-Qualified Stock Options” shall mean Options that do not qualify as Incentive Stock Options.
2.20“Option” shall mean any right granted to a Participant under the Plan allowing such Participant to purchase Shares at such price or prices and during such period or periods as the Committee shall determine.
2.21“Optionee” shall mean any individual granted an Option under this Plan.
2.22“Other Share-Based Awards” shall mean any right granted to a Participant pursuant to Section 9.2.
2.23“Participant” shall mean an Employee or a Director who is selected by the Committee to receive an Award under the Plan.
2.24“Permitted Assignee” shall mean any family member to whom an Option or Stock Appreciation Right is transferred pursuant to Section 11.2.
2.25“Performance Award” shall mean the right granted to a Participant pursuant to Section 9.1.
2.26“Performance Period” shall mean that period established by the Committee at the time any Performance Award is granted or at any time thereafter during which any performance goals specified by the Committee with respect to such Award are to be measured.
2.27“Plan” has the meaning set forth in the introductory paragraph of the Plan.
2.28“Restricted Stock” shall mean Shares granted to a Participant pursuant to Article 7.
2.29“Restricted Stock Unit” shall mean the right, granted to a Participant pursuant to Article 8, to receive one Share following the satisfaction of specified conditions.
2.30“Retirement” shall mean a Participant’s voluntary termination of employment or service following or coincident with such Participant attaining eligibility for retirement in compliance with the policies of the Company, as in effect from time to time.
2.31“Shares” shall mean the shares of Class A Common Stock of the Company, par value $.001 per share.
4

2.32“Stock Appreciation Right” shall mean the right, granted to a Participant pursuant to Article 6, to receive cash or whole Shares in an amount equal to the excess of (i) the Fair Market Value of one Share on the date of exercise over (ii) the Fair Market Value of one Share on the date of grant of such Stock Appreciation Right.
ARTICLE 3
SHARES SUBJECT TO AWARDS; LIMITATIONS

3.1Number of Shares. Subject to the adjustment provisions of Section 11.6, the aggregate number of Shares that may be issued under Awards under the Plan shall be 8,000,000 Shares. Upon the Effective Date of this Plan, no new awards will be granted under the 2019 Plan (but awards then outstanding under the 2019 Plan or 2011 Plan will remain enforceable in accordance with their terms). No Awards with respect to fractional Shares shall be granted and no fractional shares shall be issued under the Plan.
3.2Share Recycling. If and to the extent that an Option or Stock Appreciation Right expires, terminates, is settled in cash, canceled or forfeited for any reason, the Shares associated with that Option or Stock Appreciation Right will again become available for grant under the Plan. Similarly, if and to the extent another type of Award is canceled, forfeited or settled in cash for any reason, the Shares subject to that Award will again become available for grant under the Plan. Solely for purposes of this paragraph, awards issued under the 2019 and 2011 Plan and outstanding on the Effective Date will be treated as Awards issued under this Plan and will be subject to recycling hereunder.  
For purposes of the preceding paragraph, if Shares are withheld to pay the exercise price of an Option or Stock Appreciation Right or to satisfy any tax withholding requirement in connection with any other type of Award, only the shares issued (if any), net of the shares withheld, will be deemed delivered for purposes of determining the number of Shares that are available for delivery under the Plan. 
3.3Character of Shares. Shares delivered under the Plan may be authorized and unissued Shares or Shares acquired by the Company, or both.
ARTICLE 4
ELIGIBILITY AND ADMINISTRATION

4.1Awards to Employees and Directors. The Committee shall, in its complete and absolute discretion, select those officers, employees, consultants, advisors and directors of the Company or any Affiliate who shall receive Awards and become Participants under this Plan. The Committee’s designation of an individual as a Participant in any year shall not require the Committee to designate such person as a Participant in any other year. The grant to a Participant of Awards under one portion of the Plan shall not require the Committee to grant such Participant an Award under other portions of the Plan.
5

4.2Administration. The Plan shall be administered by the Committee. Any Award granted to a member of the Committee shall be contingent upon Board ratification or approval of such Awards. The Committee shall determine the amount, type, and terms of each Award, subject to the provisions of the Plan. The Committee is authorized, subject to the provisions of the Plan, to construe and interpret the Plan, and establish such rules and regulations as it may deem appropriate for the conduct of meetings and proper administration of the Plan. All actions of the Committee shall be taken by majority vote of its members. The Committee is also authorized, subject to the provisions of the Plan, to make provisions in various Awards pertaining to a “change in control” of the Company and to amend or modify existing Awards. The Committee is also authorized to: (i) determine whether and to what extent and under what circumstances any Award shall be canceled or suspended, (ii) correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award in the manner and to the extent that the Committee shall deem desirable to carry it into effect, and (iii) make any other determination and take any other action that the Committee deems necessary or desirable for administration of the Plan. Subject to the provisions of the Plan, the Committee shall have authority, in its sole discretion, to interpret the provisions of the Plan and any Award thereunder and, subject to the requirements of applicable law, including Rule 16b-3 of the Exchange Act, to prescribe, amend, and rescind rules and regulations relating to the Plan or any Award thereunder as it may deem necessary or advisable. All decisions made by the Committee pursuant to the provisions of the Plan shall be final, conclusive and binding on all persons, including the Company, its Affiliates, its shareholders, Directors, Employees, and Plan participants and beneficiaries.
4.3Delegation. The Committee may designate employees of the Company and professional advisors to assist the Committee in the administration of this Plan and may grant authority to employees of the Company to execute agreements or other documents on behalf of, but only to the extent authorized by, the Committee. The Committee may also delegate to one or more officers of the Company (who need not be Directors) the authority to grant Awards to Participants who are not subject to the requirements of Section 16 of the Exchange Act, provided that the Committee shall have fixed the total number of Shares and fixed the total amount of cash that may be distributed pursuant to such delegation. Any such delegation shall be subject to the applicable corporate laws of the State of Delaware. The Committee may revoke any such allocation or delegation at any time for any reason with or without prior notice.
4.4Designation of Advisors. The Committee may employ such legal counsel, consultants, and agents as it may deem desirable for the administration of this Plan and may rely upon any opinion received from any such counsel or consultant and any computation received from any such consultant or agent. Expenses incurred by the Committee or the Board in the engagement of any such counsel, consultant or agent shall be paid by the Company.
6

4.5Liability. The Committee, its members and any person designated pursuant to Section 4.4 shall not be liable for any action or determination made in good faith with respect to this Plan. To the maximum extent permitted by applicable law, no officer or former officer of the Company or member or former member of the Committee or of the Board or designated person shall be liable for any action or determination made in good faith with respect to this Plan or any Award granted under it. To the maximum extent permitted by applicable law and to the extent not covered by insurance, each officer or former officer and member or former member of the Committee or of the Board and any designated person shall be indemnified and held harmless by the Company against any cost or expense (including reasonable fees of counsel reasonably acceptable to the Company) or liability (including any sum paid in settlement of a claim with the approval of the Company), and advanced amounts necessary to pay the foregoing at the earliest time and to the fullest extent permitted, arising out of any act or omission to act in connection with this Plan, except to the extent arising out of such officer’s or former officer’s, member’s or former member’s, or designated person’s own fraud or bad faith. Such indemnification shall be in addition to any rights of indemnification the officers, directors or members or former officers, directors or members may have under applicable law. Notwithstanding anything else herein, this indemnification will not apply to the actions or determinations made by an individual with regard to Awards granted to him- or herself under this Plan.
ARTICLE 5
OPTIONS

5.1Grant of Options. The Committee shall determine, within the limitations of the Plan generally, those Participants to whom Options are to be granted under the Plan, the number of Shares that may be purchased under each such Option, the option price and other terms of each such Option, and shall designate such Options at the time of the grant as either Incentive Stock Options or Non-Qualified Stock Options; provided, however, that Options granted to employees of an Affiliate (that is not also a parent or a subsidiary) or to non-employees of the Company may only be Non-Qualified Stock Options. Awards of Options shall be granted hereunder only to the extent the underlying stock constitutes “service recipient stock” of an “eligible issuer” as defined under Section 409A of the Code.
5.2Terms and Conditions. All Options granted under this Plan shall be subject to the following terms and conditions:
(1)All Options shall be evidenced in writing by Award Agreements in such form and containing such terms and conditions as the Committee shall determine, provided that such terms are not inconsistent with the provisions of the Plan;
(2)The per Share exercise price of any Option granted pursuant to this Plan shall not be less than 100% of the Fair Market Value of one Share as of the date of the grant of such Option, unless such Option is intended to be compliant with the requirements of Section 409A of the Code;
(3)The Committee shall determine any vesting schedules subject to the terms, conditions, and limitations governing the exercise of Options granted pursuant to this Plan and set forth such terms in the Award Agreement governing such Option; and
(4)All Options granted hereunder shall expire and no longer be exercisable by their terms no later than ten years following the date such Options are granted.
7

5.3General Provisions. The granting of an Option pursuant to the Plan shall impose no obligation on the recipient to exercise such Option. Any individual who is granted an Option pursuant to this Article 5 may hold more than one Option granted pursuant to this Plan at the same time and may hold both Incentive Stock Options and Non-Qualified Stock Options at the same time. To the extent that any Option does not qualify as an Incentive Stock Option (whether because of its provisions, the time or manner of its exercise or otherwise) such Option or the portion thereof which does not so qualify shall constitute a separate Non-Qualified Stock Option. Options granted pursuant to this Article 5 shall be made in accordance with the terms and provisions of Article 11 and any other applicable terms and provisions of the Plan.
5.4Modification and Cancellation. Subject to Section 11.9, the Committee has the discretion to modify the terms and conditions of an Option after grant as long as no rights of the Participant are impaired, provided, however, that in no instance may the term of the Option, if extended, exceed ten (10) years from the date of grant of the Option. No Option may be cancelled in exchange for cash at the time the exercise price per Share is greater than the Fair Market Value per Share of the underlying Shares, unless otherwise approved by the Company’s stockholders.
5.5Incentive Stock Options. No Option that is intended to qualify as an Incentive Stock Option may be granted to any individual that is not an employee of the Company or a parent or a subsidiary of the Company.  For purposes of the Plan, the terms “subsidiary” and “parent” shall mean “subsidiary corporation” and “parent corporation,” respectively, as such terms are defined in Sections 424(f) and 424(e) of the Code.  Notwithstanding any other provision in this Plan to the contrary, all Incentive Stock Options granted under this Plan shall, in addition to being subject to the conditions under Section 5.2, be subject to the following terms and conditions:
(1)The terms and conditions of any Incentive Stock Option granted hereunder shall be subject to and shall be designed to comply with the provisions of Code Section 422;
(2)The per Share exercise price of any Incentive Stock Option shall not be less than 110% of the Fair Market Value of the Shares subject to such Incentive Stock Option, determined on the date of the grant, but only if granted to any Employee who, at the time of such grant, owns, directly or indirectly (within the meaning of Code Sections 422(b)(6) and 424(d)), shares possessing more than 10% of the total combined voting power of all classes of shares of the Company or any parent or subsidiary of the Company;
(3)To the extent that the aggregate Fair Market Value (determined on the date of grant) of any Incentive Stock Options that are exercisable for the first time during any calendar year under all incentive stock option plans of the Company exceeds $100,000, the Options in excess of such limit shall be treated as Non-Qualified Stock Options;
(4)Solely for the purposes of determining whether the Shares are available for the grant of Incentive Stock Options under the Plan, Incentive Stock Options may be granted under the Plan with respect to all the Shares authorized for issuance under the first sentence of Section 3.1; and
(5)The term of any Incentive Stock Option shall expire no later than five years following the date of grant if granted to any Employee who, at the time of such grant, owns, directly or indirectly (within the meaning of Code Sections 422(b)(6) and 424(d)), shares possessing more than 10% of the total combined voting power of all classes of shares of the Company or any parent or subsidiary of the Company.
8

ARTICLE 6
STOCK APPRECIATION RIGHTS

6.1Grant and Exercise. The Committee may grant Stock Appreciation Rights to any Participant pursuant to this Article 6.
6.2Terms and Conditions. Stock Appreciation Rights shall be subject to such terms and conditions, not inconsistent with the provisions of the Plan as shall be determined from time to time by the Committee, including the following:
(1)The Committee shall determine any vesting schedules and terms, conditions, and limitations governing the exercise of any Stock Appreciation Right granted pursuant to this Plan and set forth such terms in the Award Agreement governing such Stock Appreciation Right, provided that the per Share price used for determining appreciation of any Stock Appreciation Right shall not be less than 100% of the Fair Market Value of one Share as of the date of the grant of such Stock Appreciation Right, unless such Stock Appreciation Right is intended to be compliant with the requirements of Section 409A of the Code;
(2)All Stock Appreciation Rights granted hereunder shall expire and no longer be exercisable no later than ten years following the date such Stock Appreciation Rights are granted;
(3)The holder of a Stock Appreciation Right shall specify in his written notice of exercise the number of Shares with respect to which such Stock Appreciation Right is being exercised; and
(4)Unless otherwise provided in the applicable Award Agreement, the Committee will determine whether payment in respect of any Stock Appreciation Right shall be made in cash or in whole Shares.
ARTICLE 7
RESTRICTED STOCK AWARDS

7.1Restricted Stock Awards. The Committee may grant to any Participant a Restricted Stock Award pursuant to this Article 7. A Restricted Stock Award is an Award that provides for the grant of Restricted Stock. Restricted Stock is any Share issued with the restriction that the holder may not sell, transfer, pledge, or assign such Share and with such other restrictions as the Committee, in its sole discretion, may impose (including any forfeiture restrictions, restrictions on the right to vote such Share, and restrictions on the right to receive any dividends thereunder), which restrictions may lapse separately or in combination at such times, in installments or otherwise, as the Committee may deem appropriate.
7.2Terms of Restricted Stock Awards. The terms of any Restricted Stock Award granted under this Plan shall be set forth in an Award Agreement which shall contain provisions determined by the Committee and not inconsistent with this Plan. The provisions of Restricted Stock Awards need not be the same for each Participant receiving such Awards.
9

7.3Issuance of Restricted Stock. As soon as practicable after the date of grant of a Restricted Stock Award by the Committee, the Company shall cause to be transferred on the books of the Company Shares registered in the name of the Company, as nominee for the Participant, with such Shares heretofore described as Restricted Stock; provided, however, such Restricted Stock shall be subject to forfeiture to the Company retroactive to the date of grant if an Award Agreement delivered to the Participant by the Company with respect to such Restricted Stock is not duly executed by the Participant and timely returned to the Company. All Restricted Stock covered by Restricted Stock Awards under this Article 7 shall be subject to the restrictions, terms and conditions contained in the Plan and the Restricted Stock Agreement entered into by and between the Company and the Participant. Until the lapse or release of all restrictions applicable to a Restricted Stock Award, the share certificates, if any, representing such Restricted Stock shall be held in custody by the Company or its designee.
7.4Shareholder Rights. Beginning on the date of grant of the Restricted Stock Award and subject to execution of the related Award Agreement, unless such Award Agreement provides otherwise, the Participant shall become a shareholder of the Company with respect to all Restricted Stock subject to the Award Agreement and shall have all of the rights of a shareholder, including the right to vote such Restricted Stock and the right to receive distributions made with respect to such Restricted Stock; provided, however, that any Shares distributed as a dividend or otherwise with respect to any Restricted Stock granted pursuant to this Plan as to which the restrictions have not yet lapsed shall be subject to the same restrictions as such Restricted Stock and shall be represented by book entry and held as prescribed in Section 7.3.
7.5Restriction on Transferability. None of the Restricted Stock may be assigned or transferred (other than by will or the laws of descent and distribution), pledged or sold prior to lapse or release of the restrictions applicable thereto.
7.6Release of Restrictions. As promptly as administratively feasible after the restrictions applicable to all or a portion of Restricted Stock Award lapse, the Company shall (a) deliver, or (b) make an appropriate entry on the books of the Company transferring, the appropriate number of Shares to the Participant (or the Participant’s beneficiary), free of all such restrictions except for any restrictions that may be imposed by law.
7.7Terms of Restricted Stock Awards. Restricted Stock Awards shall be subject to such terms and conditions, not inconsistent with the provisions of the Plan, as shall be determined from time to time by the Committee. All Restricted Stock shall be forfeited and returned to the Company and all rights of the Participant with respect to such Restricted Stock shall terminate unless the Participant continues in the service of the Company as an employee (or Director, consultant or advisor, as the case may be) until the expiration of the forfeiture period for such Restricted Stock and satisfies any and all other conditions set forth in the Award Agreement. The Committee, in its sole discretion, shall determine the forfeiture period (which may, but need not, lapse in installments) and any other terms and conditions applicable with respect to any Restricted Stock Award and the Committee has the discretion to modify the terms and conditions of any Restricted Stock Award.
10

ARTICLE 8
RESTRICTED STOCK UNITS

8.1Restricted Stock Units. The Committee may grant Restricted Stock Units to any Participant pursuant to this Article 8. Restricted Stock Units shall be subject to such terms and conditions, not inconsistent with the provisions of the Plan, as shall be determined from time to time by the Committee, including the vesting and payment terms of such Award and whether dividend equivalents will be payable in connection with such Award. A Participant will not have the rights of a stockholder with respect to the Share subject to a Restricted Stock Unit prior to the actual issuance of such Share.
ARTICLE 9
OTHER AWARDS

9.1Performance Awards. The Committee may grant Performance Awards to any Participant. Performance Awards shall be subject to such terms and conditions, not inconsistent with the provisions of the Plan, as shall be determined from time to time by the Committee, including the performance criteria relevant to the Award, the length of the applicable Performance Period, whether the Performance Award will be settled in cash, Shares, other property (or any combination thereof) and the time(s) for payment of any amount(s) earned.
9.2Other Share-Based Awards. The Committee is authorized to grant to any Participant Other Share-Based Awards that are payable in, valued in whole or in part by reference to, or otherwise based on or related to Shares, including Shares awarded purely as a bonus and not subject to any restrictions or conditions, Shares in payment of the amounts due under an incentive or performance plan sponsored or maintained by the Company or any Affiliate, stock equivalent units, and Awards valued by reference to book value of Shares. Other Share-Based Awards shall be subject to such terms and conditions, not inconsistent with the provisions of the Plan, as shall be determined from time to time by the Committee.
ARTICLE 10
CHANGE IN CONTROL PROVISIONS

10.1Impact of Change in Control. Notwithstanding anything to the contrary set forth in the Plan (other than Section 10.3, below), upon or immediately prior to a Change in Control, the Committee may, in its sole and absolute discretion and without the need for the consent of any Participant, take one or more of the following actions contingent upon the occurrence of that Change in Control: (i) cause any or all outstanding Options or Stock Appreciation Rights to become vested and/or immediately exercisable, in whole or in part; (ii) cause any or all outstanding Restricted Stock or Restricted Stock Units to become non-forfeitable, in whole or in part; (iii) cancel any Option in exchange for a substitute option in a manner consistent with the requirements of Treas. Reg. §1.424-1(a) (notwithstanding the fact that the original Option may never have been intended to satisfy the requirements for treatment as an Incentive Stock Option); (iv) cancel any Restricted Stock, Restricted Stock Units or Stock Appreciation Rights in exchange for restricted stock, restricted stock units or stock appreciation rights in respect of the capital stock of any successor corporation or its parent; (v) cancel any Option or Stock Appreciation Right in exchange for cash and/or other substitute consideration with a value equal to (A) the number of Shares subject to that Option or Stock Appreciation Right, multiplied by (B) the difference, if any, between the Fair Market Value per Share on the date of the Change in Control and the exercise price of that Option or Stock Appreciation Right; provided, that if the Fair Market Value per Share on the date of the Change in Control does not exceed the exercise price of any such Option or Stock Appreciation Right, the Committee may cancel that Option or Stock Appreciation Right without any payment of consideration therefor; 
11

(vi) cancel any Restricted Stock Unit in exchange for cash and/or other substitute consideration with a value equal to the Fair Market Value of the subject Shares on the date of the Change in Control; or (vii) otherwise vest, cancel, adjust, modify or exchange an Award in such manner as the Committee deems appropriate in connection with that Change in Control.
10.2Additional Provisions for Performance-Based Awards. In addition to the actions described above in Section 10.1, upon or immediately prior to a Change in Control, the Committee may choose to take any of the following actions with respect to any Award subject to performance criteria: (i) accelerate the end of the applicable Performance Period and settle the Award based on actual performance through that date (with or without adjustment of the relevant performance goals to reflect the abbreviated Performance Period), (ii) accelerate the end of the applicable Performance Period and settle the Award at the target level of performance (with or without pro-ration of the payout based on the portion of the Performance Period that has transpired prior to that date), or (iii) adjust the performance goals to equitably reflect the effects of the Change in Control on the Company or its successor.
10.3Limitation on Discretion. The Committee’s discretion under this Article will not apply to an Award to the extent that the exercise of such discretion would subject the Award to an additional tax under Section 409A(a)(1) of the Code.
ARTICLE 11
GENERALLY APPLICABLE PROVISIONS

11.1Exercise of Options/Stock Appreciation Rights. Vested Options and Stock Appreciation Rights granted under the Plan shall be exercised by the Optionee thereof or holder of such Stock Appreciation Right (or by his or her executors, administrators, guardian or legal representative, or by a Permitted Assignee) as to all or part of the Shares covered thereby, by the giving of written notice of exercise to the Company, specifying the number of Shares to be purchased or covered thereby, accompanied by payment of the full purchase price for the Shares being purchased under the Option. Full payment of such purchase price shall be made at the time of exercise and shall be made (i) in cash or by certified check or bank check or wire transfer of immediately available funds, (ii) with the consent of the Committee and only for Non-Qualified Stock Options, through net exercise, upon which such Participant electing such net exercise shall receive a number of Shares equal to the aggregate number of Shares being purchased upon exercise of such Option less the number of Shares having a Fair Market Value equal to the aggregate purchase price of the Shares as to which the Option is being exercised, (iii) through any other method mentioned in an Award Agreement, or (iv) with the consent of the Committee, any combination of (i), (ii), or (iii). The notice of exercise, accompanied by such payment, shall be delivered to the Company at its principal business office or such other office as the Committee may from time to time direct, and shall be in such form, containing such further provisions consistent with the provisions of the Plan, as the Committee may from time to time prescribe. In no event may any Option or Stock Appreciation Right granted hereunder be exercised for a fraction of a Share. The Company shall effect the transfer of Shares purchased pursuant to an Option or Stock Appreciation Right as soon as practicable, and, within a reasonable time thereafter, such transfer shall be evidenced on the books of the Company. No person holding or exercising an Option or Stock Appreciation Right shall have any of the rights of a holder of Shares subject to such Option or Stock Appreciation Right, including any right to vote or receive dividends or distributions, until such Option or Stock Appreciation Right has been exercised. Except as provided in Section 11.6, no adjustment shall be made for cash dividends or other rights for which the record date is prior to such date of exercise.
12

11.2Non-Transferability. Except as provided below, and except as otherwise authorized by the Committee in an Award Agreement, no Award and no Shares subject to Awards that have not been issued or as to which any applicable restriction, performance or deferral period has not lapsed, may be sold, assigned, transferred, pledged or otherwise encumbered, other than by will or the laws of descent and distribution, and such Award may be exercised during the life of the Participant only by the Participant or the Participant’s guardian or legal representative. Notwithstanding the foregoing, a Participant may assign or transfer an Award (other than (x) an Option that is intended to be an Incentive Stock Option, and (y) a Restricted Stock Award) with the written consent of the Committee to the Participant’s spouse, children, and/or trusts, partnerships, or limited liability companies established for the benefit of the Participant’s spouse and/or children (each approved transferee thereof, a “Permitted Assignee”); provided that such Permitted Assignee(s) shall be bound by and subject to all of the terms and conditions of the Plan and the Award Agreement relating to the transferred Award and shall execute an agreement satisfactory to the Company evidencing such obligations; and provided further that such Participant shall remain bound by the terms and conditions of the Plan. An Award that is transferred to a Permitted Assignee (i) may not be subsequently transferred otherwise than by will or by the laws of descent and distribution and (ii) remains subject to the terms of this Plan and the Award agreement.
11.3Termination of Employment. Unless the Committee otherwise determines, in the event of the termination of employment with the Company or any Affiliate of an Optionee or holder of a Stock Appreciation Right who is an employee or the termination or separation from service with the Company or any Affiliate of an advisor, consultant or a Director (who is an Optionee or holder of a Stock Appreciation Right) for any reason (other than death or total disability, as provided below), any Option(s) or Stock Appreciation Right(s) granted to such Optionee or holder of a Stock Appreciation Right (or its Permitted Assignee) under this Plan and not previously exercised or expired, to the extent vested on the date of such termination or separation, shall be exercisable as of such termination for a period not to exceed three (3) months after the date of such termination or separation, provided, however, that in no instance may the term of the Option or Stock Appreciation Right, as so extended, exceed the lesser of ten (10) years from the date of grant or the original expiration date of the Option or Stock Appreciation Right.
11.4Death. In the event an Optionee or holder of a Stock Appreciation Right dies while employed by the Company or any Affiliate or while serving as a Director, advisor or consultant of the Company or any Affiliate, as the case may be, any Option(s) or Stock Appreciation Right(s) held by such Optionee or holder of a Stock Appreciation Right (or its Permitted Assignee) and not previously expired or exercised shall, to the extent exercisable on the date of death, be exercisable by the estate of such Optionee or Stock Appreciation Right or by any person who acquired such Option or Stock Appreciation Right by bequest or inheritance, or by the Permitted Assignee at any time within one year after the death of the Optionee or holder of a Stock Appreciation Right, unless earlier terminated pursuant to its terms, provided, however, that in no instance may the term of the Option or Stock Appreciation Right, as so extended, exceed the lesser of ten (10) years from the date of grant or the original expiration date of the Option or Stock Appreciation Right.
13

11.5Disability. In the event of the termination of employment with the Company or any Affiliate of an Optionee or holder of a Stock Appreciation Right or separation from service with the Company or any Affiliate of an Optionee or holder of a Stock Appreciation Right who is a Director, advisor or consultant of the Company or any Affiliate due to total disability, the Optionee or holder of a Stock Appreciation Right, or his guardian or legal representative, or a Permitted Assignee shall have the right to exercise any Option or Stock Appreciation Right that has not expired or been previously exercised and that the Optionee or holder of the Stock Appreciation Right was eligible to exercise as of the date of termination or separation, at any time within one year after such termination or separation, unless earlier terminated pursuant to its terms; provided, however, that in no instance may the term of the Option or Stock Appreciation Right, as so extended, exceed the lesser of ten (10) years from the date of grant or the original expiration date of the Option or Stock Appreciation Right. The term “total disability” shall, for purposes of this Plan, be defined in the same manner as such term is defined in Section 22(e)(3) of the Code.
11.6Adjustments. To prevent the dilution or enlargement of benefits or potential benefits intended to be made available under the Plan, in the event of any corporate transaction or event such as a stock dividend, extraordinary dividend or other similar distribution (whether in the form of cash, Shares, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other securities, the issuance of warrants or other rights to purchase Shares or other securities, or other similar corporate transaction or event affecting the Shares with respect to which Awards have been or may be issued under the Plan (any such transaction or event, a “Transaction”), then the Committee shall, in such manner as the Committee deems equitable adjust (i) the number and type of Shares that thereafter may be made the subject of Awards, (ii) the number and type of Shares subject to outstanding Awards, (iii) the grant or exercise price with respect to any Award, and (iv) any performance criteria expressed in whole or in part on a per Share basis; provided, in each case, that with respect to Incentive Stock Options, no such adjustment shall be authorized to the extent that such adjustment would cause such options to violate Section 422(b) of the Code (unless otherwise agreed by the Committee and the holder of such Incentive Stock Option); and provided further, that the number of Shares subject to any Award denominated in Shares shall always be a whole number. With respect to each adjustment contemplated by the foregoing sentence, no such adjustment shall be authorized to the extent that such adjustment would cause an Award to violate the provisions of Section 409A of the Code (unless otherwise agreed by the Committee and the holder of such Award). Any adjustments made by the Committee shall be binding on all Participants. If the Committee determines that an adjustment in accordance with the provisions of this Section 11.6 would not be fully consistent with the purposes of the Plan or the purposes of the outstanding Awards under the Plan, the Committee may make such other adjustments, if any, that the Committee reasonably determines are consistent with the purposes of the Plan and/or the affected Awards.
11.7Amendment and Modification of the Plan. The Committee may, from time to time, alter, amend, suspend or terminate the Plan as it shall deem advisable, subject to any requirement for stockholder approval imposed by applicable law, including Section 422 of the Code, or any rule of any stock exchange or quotation system on which Shares are listed or quoted; provided that, in any case, the Compensation Committee may not amend the Plan without the approval of the Company’s stockholders to increase the number of Shares that may be the subject of Awards under the Plan (except for adjustments pursuant to Section 11.6).
11.8Validity of Awards. The validity of any Award or grant of Options made pursuant to this Plan shall remain in full force and effect and shall not be affected by the compliance or noncompliance with Rule 16b-3 of the Exchange Act.
14

11.9No Repricing. Except as provided in Section 11.6, without approval of the Company’s stockholders, the terms of outstanding Awards may not be amended to reduce the exercise price of outstanding Options or the reference price for Stock Appreciation Rights, nor may outstanding Options or Stock Appreciation Rights with an exercise price or reference price greater than the then current Fair Market Value be cancelled in exchange for cash or other Awards.
11.10No Dividends Paid Currently on Unvested Awards. Dividends and dividend equivalents payable with respect to an Award, whether payable in cash, Shares or other property, will be subject to the same vesting terms as that Award.
ARTICLE 12
MISCELLANEOUS

12.1Tax Withholding. The Company or any Affiliate shall have the right to make all payments or distributions made pursuant to the Plan to a Participant (or a Permitted Assignee thereof) net of any applicable federal, state and local taxes as it determines in its discretion are required to be paid as a result of the grant, vesting, exercise or settlement of any Award or any other event occurring pursuant to this Plan. The Company or any Affiliate shall have the right to withhold from wages or other payments otherwise payable to such Participant (or a Permitted Assignee thereof) such withholding taxes as it determines in its discretion may be required by law, or to otherwise require the Participant (or a Permitted Assignee thereof) to pay such withholding taxes. If the Participant (or a Permitted Assignee thereof) shall fail to make such tax payments as are required, the Company or any Affiliate shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to such Participant or to take such other action as may be necessary to satisfy such withholding obligations. Unless the Committee determines otherwise, Shares subject to an Award may be withheld to satisfy tax withholding obligations arising with respect thereto based on the Fair Market Value of such Shares at the time of withholding, to the extent that such withholding would not result in liability classification of such Award (or any portion thereof) under applicable accounting rules.
12.2Right of Discharge Reserved. Nothing in the Plan nor the grant of an Award hereunder shall confer upon any employee, Director, consultant, advisor or other individual the right to continue in the employment or service of the Company or any Affiliate or affect any right that the Company or any Affiliate may have to terminate the employment or service of (or to demote or to exclude from future Awards under the Plan) any such employee, Director, consultant, advisor or other individual at any time for any reason. Except as specifically provided by the Committee, the Company shall not be liable for the loss of existing or potential profit with respect to an Award in the event of termination of an employment or other relationship, even if the termination is in violation of an obligation of the Company or any Affiliate to the Participant.
12.3  Unfunded Plan. Unless otherwise determined by the Committee, the Plan shall be unfunded and shall not create (or be construed to create) a trust or a separate fund or funds. The Plan shall not establish any fiduciary relationship between the Company or any Affiliate and any Participant or other person. To the extent any Participant holds any rights by virtue of any Award made under the Plan, such rights shall constitute general unsecured liabilities of the Company or any Affiliate and shall not confer upon any participant any right, title, or interest in any assets of the Company or any Affiliate.
12.4Legend. Any certificates for Shares delivered under this Plan shall be subject to such stock transfer orders and other restrictions as the Committee may deem advisable 
15

under the rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Shares are then listed or any national securities association system upon whose system the Shares are then quoted, any applicable Federal or state securities law, and any applicable corporate law, and the Committee may cause a legend or legends to be put on any such certificates, if any, to make appropriate reference to such restrictions.
12.5Listing and Other Conditions.
(1)As long as the Shares are listed on a national securities exchange or system sponsored by a national securities association, the issue of any Shares pursuant to an Award shall be conditioned upon such Shares being listed on such exchange or system. The Company shall have no obligation to deliver such Shares unless and until such Shares are so listed.
(2)If at any time counsel to the Company shall be of the opinion that any sale or delivery of Shares pursuant to any Award is or may in the circumstances be unlawful or result in the imposition of excise taxes on the Company under the statutes, rules or regulations of any applicable jurisdiction, the Company shall have no obligation to make such sale or delivery, or to make any application or to effect or to maintain any qualification or registration under the Securities Act of 1933, as amended, or otherwise with respect to Shares or Award, and the right to any Award shall be suspended until, in the opinion of said counsel, such sale or delivery shall be lawful or will not result in the imposition of excise taxes on the Company.
(3)Upon termination of any period of suspension under this Section 12.5, any Award affected by such suspension which shall not then have expired or terminated shall be reinstated as to all Shares available before such suspension and as to Shares which would otherwise have become available during the period of such suspension, but no such suspension shall extend the term of any Option.
(4)A Participant shall be required to supply the Company with any certificates, representations and information that the Company requests and otherwise cooperate with the Company in obtaining any listing, registration, qualification, exemption, consent or approval the Company deems necessary or appropriate.
12.6Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Committee shall notify each Participant as soon as practicable prior to the effective date of such proposed transaction. The Committee in its sole discretion may permit a Participant to exercise any exercisable Award until ten (10) days prior to such transaction with respect to all vested and exercisable Shares covered thereby and with respect to such number of unvested Shares as the Committee shall determine. In addition, the Committee may provide that any forfeiture provision or Company repurchase option applicable to any Award shall lapse as to such number of Shares as the Committee shall determine, contingent upon the occurrence of the liquidation or upon the filing of a certificate of dissolution at the time and in the manner contemplated. To the extent an exercisable Award has not been previously exercised, such Award shall terminate automatically immediately prior to the consummation of the proposed action. To the extent a forfeiture provision applicable to an Award has not been waived by the Committee, such Award shall be forfeited automatically immediately prior to the consummation of the proposed action.
12.7Severability. If any provision of the Plan shall be held unlawful or otherwise invalid or unenforceable in whole or in part, such unlawfulness, invalidity or unenforceability shall not affect any other provision of the Plan or part thereof, each of which shall remain in full force and effect.
16

12.8Gender and Number. In order to shorten and to improve the understandability of the Plan document by eliminating the repeated usage of such phrases as “his or her” and any masculine terminology herein shall also include the feminine, and the definition of any term herein in the singular shall also include the plural except when otherwise indicated by the context.
12.9Effective Date of Plan; Termination of Plan. The Plan shall be effective on the date of the approval of the Plan at a meeting of the Company’s stockholders by the holders of a majority of the Shares voting thereon, provided such approval is obtained within twelve (12) months after the date of adoption of the Plan by the Board of Directors. Awards may be granted under the Plan at any time and from time to time after the Effective Date and on or prior to June 2, 2032, the tenth anniversary of the Effective Date, on which date the Plan will expire, except as to Awards then outstanding under the Plan. Such outstanding Awards shall remain in effect until they have been exercised or terminated, or have otherwise expired.
12.10Nature of Payments. All Awards made pursuant to the Plan are in consideration of services performed for the Company and any Affiliate. Any income or gain realized pursuant to Awards under the Plan constitutes a special incentive payment to the Participant and shall not be taken into account, to the extent permissible under applicable law, as compensation for purposes of any of the employee benefit plans of the Company or any Affiliate, except as may be determined by the Committee or by the directors of the applicable Affiliate.
12.11Captions; Construction. The captions in this Plan are for convenience of reference only, and are not intended to narrow, limit or affect the substance or interpretation of the provisions contained herein. References in this Plan to Articles, Sections or Exhibits shall mean Articles, Sections or Exhibits of this Plan, unless otherwise indicated. The term “including” as used in this Plan and any Exhibit shall be deemed followed by the words “without limitation.”
12.12Successors and Assigns. This Plan shall be binding upon and inure to the benefit of the respective successors and permitted assigns of the Company and the Participants.
12.13Governing Law. The Plan and all Awards made and actions taken thereunder shall be governed by and construed in accordance with the laws of the State of Delaware, without reference to the principles of conflict of laws.
12.14Code Section 409A. All provisions of this Plan shall be interpreted in a manner consistent with Code Section 409A (including in a manner that would keep any Awards exempt from Code Section 409A, if intended to be so exempt) and the regulations and other guidance promulgated thereunder. Notwithstanding the preceding, the Company makes no representations concerning the tax consequences of participation in the Plan under Code Section 409A or any other law.
12.15Prospective Recipient. The prospective recipient of any Award under the Plan shall not, with respect to such Award, be deemed to have become a Participant, or to have rights with respect to such Award, unless and until such recipient shall have executed an agreement or other instrument evidencing the Award and delivered a copy thereof to the Company, and otherwise complied with the then applicable terms and conditions of such Award.
17

12.16Foreign Employees. Awards may be granted to Participants who are foreign nationals or employed outside of the United States, or both, on such terms and conditions different from those applicable to Awards to Employees employed in the United States as may, in the discretion of the Committee, be necessary or desirable in order to recognize differences in local law or tax policy. The Committee also may impose conditions on the exercise or vesting of Awards in order to minimize the Company’s obligation with respect to tax equalization or as appropriate with respect to any employee on assignment outside his or her home country.
12.17Clawback. Notwithstanding anything to the contrary contained herein, an Award Agreement may provide that an Award granted thereunder shall be cancelled if the Participant violates a non-competition, non-solicitation or non-disclosure covenant or agreement or otherwise engages in activity that is in conflict with or adverse to the interest of the Company or any Affiliate, including fraud or conduct contributing to any financial restatements or irregularities, as determined by the Committee in its sole discretion. The Committee may also provide in an Award agreement that if the Participant engages in any activity referred to in the preceding sentence, such Participant will forfeit any gain realized on the vesting or exercise of such Award and/or must repay the gain to the Company. Additionally, by acceptance of any Award hereunder, a Participant acknowledges that such Award will be subject to any clawback policy (or policies) adopted by the Company (or its Affiliates) from time to time.
18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00345-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00345-of-00352.parquet"}]]