Document:

EX-10.1

 Exhibit 10.1 

JIAYIN GROUP INC. 
 2019 SHARE
INCENTIVE PLAN 
 ARTICLE 1 

PURPOSE 
 The purpose of
the Jiayin Group Inc. 2019 Share Incentive Plan (the “Plan”) is to promote the success and enhance the value of Jiayin Group Inc. (the “Company”) by aligning the personal interests of the members of the Board, Employees and
Consultants to those of Company’s shareholders and by providing such individuals with an incentive for outstanding performance to generate superior returns to Company shareholders. The Plan is further intended to provide flexibility to the
Company in its ability to motivate, attract, and retain the services of members of the Board, Employees and Consultants upon whose judgment, interests and special efforts the successful operation of the Company is largely dependent. 

ARTICLE 2 
 DEFINITIONS
AND CONSTRUCTION 
 Wherever the following terms are used in the Plan they shall have the meanings specified below, unless the context
clearly indicates otherwise. The singular pronoun shall include the plural where the context so indicates. 
 2.1 “Applicable
Accounting Standards” shall mean International Financial Reporting Standards, Generally Accepted Accounting Principles in the United States, or such other accounting principles or standards as may apply to the Company’s financial
statements under Applicable Laws. 
 2.2 “Applicable Laws” means (i) the laws of the Cayman Islands as they relate to
the Company and its Shares; (ii) the legal requirements relating to the Plan and the Awards under applicable provisions of the corporate, securities, tax and other laws, rules, regulations and government orders of any jurisdiction applicable to
Awards granted to residents of such jurisdiction; and (iii) the rules of any applicable securities exchange, national market system or automated quotation system on which the Shares are listed, quoted or traded. 

2.3 “Article” means an article of this Plan. 

2.4 “Award” shall mean an Option, a Restricted Share award or a Restricted Share Unit award which may be awarded or granted
under the Plan (collectively, “Awards”). 
 2.5 “Award Agreement” shall mean any written notice, agreement, terms
and conditions, contract or other instrument or document evidencing an Award, including through electronic medium, which shall contain such terms and conditions with respect to an Award as the Committee shall determine consistent with the Plan. 

2.6 “Board” shall mean the Board of Directors of the Company. 

2.7 “Cause” with respect to a Holder shall mean (unless otherwise expressly provided in the applicable Award Agreement, or
another applicable contract with the Holder that defines such term for purposes of determining the effect that a “for cause” termination has on the Holder’s Awards) a termination of employment or service based upon a finding by the
Service Recipient, acting in good faith and based on its reasonable belief at the time, that the Holder: 
 (a) have been negligent in the
discharge of his or her duties to the Service Recipient, have refused to perform stated or assigned duties or are incompetent in or incapable of performing those duties (other than by reason of a disability or analogous condition); 

(b) have abandoned his or her duties, or initiated the Termination of Service without consent of the Company; 

  
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 (c) have been dishonest or committed or engaged in an act of theft, embezzlement or fraud,
solicitation or acceptance of bribery, a breach of confidentiality, an unauthorized disclosure or use of inside information, technological know-hows, customer lists, trade secrets or other confidential information; 

(d) have breached a fiduciary duty, or willfully and materially violated any other duty, law, rule, regulation or policy and articles of the
Company or any of its Affiliates; or has been convicted of, or plead guilty or nolo contendere to, a felony or misdemeanor (other than minor traffic violations or similar offenses); 

(e) have materially breached any of the provisions of any agreement with the Company or any of its Subsidiaries or Affiliated Entities; 

(f) have engaged in competition with, or otherwise acted intentionally in a manner injurious to the reputation, business or assets of, the
Company or any of its Subsidiaries or Affiliated Entities; 
 (g) have improperly induced a vendor or customer to break or terminate any
contract with the Service Recipient or induced a principal for whom the Company or any Subsidiary or Affiliated Entity acts as agent to terminate such agency relationship; or 

(h) have engaged in any act that have an adverse impact on the Company in the view of the Board. 

A termination for Cause shall be deemed to occur (subject to reinstatement upon a contrary final determination by the Committee) on the date
on which the Service Recipient first delivers written notice to the Holder of a finding of termination for Cause. 
 2.8
“Code” shall mean the United States Internal Revenue Code of 1986, as amended from time to time. 
 2.9
“Committee” shall mean the Board or a committee of the Board appointed as provided in Section 10.1. 
 2.10
“Company” shall mean Jiayin Group Inc., a Cayman Islands exempted company. 
 2.11 “Consultant” means any
consultant or adviser if: (a) the consultant or adviser renders bona fide services to a Service Recipient; (b) the services rendered by the consultant or adviser are not in connection with the offer or sale of securities in a
capital-raising transaction and do not directly or indirectly promote or maintain a market for the Company’s securities; and (c) the consultant or adviser is a natural person who has contracted directly with the Service Recipient to render
such services. 
 2.12 “Corporate Transaction” means any of the following transactions, provided, however, that the
Committee shall determine under (f) and (g) whether multiple transactions are related, and its determination shall be final, binding and conclusive: 

(a) an amalgamation, arrangement, consolidation or scheme of arrangement in which the Company is not the surviving entity, except for a
transaction the principal purpose of which is to change the jurisdiction in which the Company is incorporated or which following such transaction the holders of the Company’s voting securities immediately prior to such transaction own fifty
percent (50%) or more of the surviving entity; 
 (b) the direct or indirect acquisition by any person or related group of persons (other
than an acquisition from or by the Company or by a Company-sponsored employee benefit plan or by a person that directly or indirectly controls, is controlled by, or is under common control with, the Company) of beneficial ownership (within the
meaning of Rule 13d-3 under the Exchange Act) of securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities pursuant to a tender or
exchange offer made directly to the Company’s shareholders which a majority of the Incumbent Board (as defined below) who are not affiliates or associates of the offeror under Rule 12b-2 promulgated under
the Exchange Act do not recommend such shareholders accept, or 
 (c) the individuals who, as of the Effective Date, are members of the
Board (the “Incumbent Board”), cease for any reason to constitute at least fifty percent (50%) of the Board; provided, that if the election, or nomination for election by the Company’s shareholders, of any new member of the
Board is approved by a vote of at least fifty percent (50%) of the Incumbent Board, such new member of the Board shall be considered as a member of the Incumbent Board. 

  
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 (d) the sale, transfer or other disposition of all or substantially all of the assets of the
Company (other than to a Parent, Subsidiary or Related Entity); 
 (e) the completion of a voluntary or insolvent liquidation or dissolution
of the Company; 
 (f) any reverse takeover, scheme of arrangement, or series of related transactions culminating in a reverse takeover or
scheme of arrangement (including, but not limited to, a tender offer followed by a reverse takeover) in which the Company survives but (A) the Shares of the Company outstanding immediately prior to such transaction are converted or exchanged by
virtue of the transaction into other property, whether in the form of securities, cash or otherwise, or (B) in which securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding
securities are transferred to a person or persons different from those who held such securities immediately prior to such transaction culminating in such takeover or scheme of arrangement, but excluding any such transaction or series of related
transactions that the Committee determines shall not be a Corporate Transaction; or 
 (g) acquisition in a single or series of related
transactions by any person or related group of persons (other than the Company or by a Company-sponsored employee benefit plan) of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act)
of securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities but excluding any such transaction or series of related transactions that the Committee determines shall not be a
Corporate Transaction. 
 2.13 “Director” shall mean a member of the Board, as constituted from time to time. 

2.14 “Effective Date” shall have the meaning set forth in Section 11.1. 

2.15 “Eligible Individual” shall mean any person who is an Employee, a Consultant or a
Non-Employee Director as determined by the Committee, or such other person determined as appropriate by the Committee; provided, however, that Awards shall not be granted to Consultant or Non-Employee Directors who are resident of any country in the European Union, and any other country which pursuant to Applicable Laws does not allow grants to non- employees.

 2.16 “Employee” means any person who is in the employ of a Service Recipient, subject to the control and direction of
the Service Recipient as to both the work to be performed and the manner and method of performance. The payment of a director’s fee by a Service Recipient shall not be sufficient to constitute “employment” by the Service Recipient.

 2.17 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time. 

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

(a) If the Shares are listed on one or more established and regulated securities exchanges, national market systems or automated quotation
system on which Shares are listed, quoted or traded, its Fair Market Value shall be the closing sales price for such shares (or the closing bid, if no sales were reported) as quoted on the principal exchange or system on which the Shares are listed
(as determined by the Committee) on the date of determination (or, if no closing sales price or closing bid was reported on that date, as applicable, on the last trading date such closing sales price or closing bid was reported), as reported in
The Wall Street Journal or such other source as the Committee deems reliable; 
 (b) If the Shares are not listed on an established
securities exchange, notational market system or automated quotation system, but are regularly quoted by a recognized securities dealer, its Fair Market Value shall be the closing sales price for such shares as quoted by such securities dealer on
the date of determination, but if selling prices are not reported, the Fair Market Value of a Share shall be the mean between the high bid and low asked prices for the Shares on the date of determination (or, if no such prices were reported on that
date, on the last date such prices were reported), as reported in The Wall Street Journal or such other source as the Committee deems reliable; or 

(c) In the absence of an established market for the Shares of the type described in (a) and (b), above, the Fair Market Value thereof
shall be determined by the Committee in good faith and in its discretion by reference to (i) the placing price of the latest private placement of the Shares and the development of the Company’s business operations and the general economic
and market conditions since such latest private placement, (ii) other third party transactions involving the Shares and the development of the Company’s business operation and the general economic and market conditions since such sale,
(iii) an independent valuation of the Shares, or (iv) such other methodologies or information as the Committee determines to be indicative of Fair Market Value, relevant. 

  
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 2.19 “Holder” shall mean a person who has been granted an Award. 

2.20 “Incentive Share Option” shall mean an Option that is intended to meet the applicable provisions of Section 422 of
the Code. 
 2.21 “Non-Employee Director” shall mean a Director of the Company who
is not an Employee. 
 2.22 “Non-Qualified Option” shall mean an Option that is not
an Incentive Share Option. 
 2.23 “Option” shall mean a right to purchase Shares at a specified exercise price, granted
under Article 5. An Option shall be either a Non-Qualified Option or an Incentive Share Option. 

2.24 “Parent” means any entity whether domestic or foreign, in an unbroken chain of entities ending with the Company, if each
of the entities other than the first entity in the unbroken chain beneficially owns, at the time of the determination, securities or interests representing more than fifty percent (50%) of the total combined voting power of all classes of securities
or interests in one of the other entities in such chain. 
 2.25 “Plan” shall mean this Jiayin Group Inc. 2019 Share
Incentive Plan, as it may be amended or restated from time to time. 
 2.26 “Related Entity” means any business,
corporation, partnership, limited liability company or other entity in which the Company, a Parent or Subsidiary of the Company holds a substantial economic interest, directly or indirectly, through ownership or contractual arrangements but which is
not a Subsidiary and which the Board designates as a Related Entity for purposes of the Plan. 
 2.27 “Restricted Shares”
shall mean Shares awarded under Article 6 that is subject to certain restrictions and may be subject to risk of forfeiture or repurchase. 

2.28 “Restricted Share Units” shall mean the right to receive Shares awarded under Section 7.4. 

2.29 “Securities Act” shall mean the Securities Act of 1933, as amended. 

2.30 “Service Recipient” means the Company, any Parent or Subsidiary of the Company and any Related Entity to which an
Eligible Individual provides services as an Employee, a Consultant or as a Director. 
 2.31 “Share” means an ordinary
share of the Company, and such other securities of the Company that may be substituted for Shares pursuant to Article 12. 
 2.32
“Subsidiary” means any entity (other than the Company), whether domestic or foreign, in an unbroken chain of entities beginning with the Company if each of the entities other than the last entity in the unbroken chain beneficially
owns, at the time of the determination, securities or interests representing more than fifty percent (50%) of the total combined voting power of all classes of securities or interests in one of the other entities in such chain. 

2.33 “Termination of Service” shall mean, 

(a) As to a Consultant, the time when the engagement of a Holder as a Consultant to a Service Recipient is terminated for any reason, with or
without Cause, including, without limitation, by resignation, discharge, death or retirement, but excluding terminations where the Consultant simultaneously commences or remains in employment or service with the Company, any Subsidiary or any
Related Entity. 
 (b) As to a Non-Employee Director, the time when a Holder who is a Non-Employee Director ceases to be a Director for any reason, including, without limitation, a termination by resignation, failure to be elected, death or retirement, but excluding terminations where the Holder
simultaneously commences or remains in employment or service with the Company, any Subsidiary or any Related Entity. 
 (c) As to an
Employee, the time when the employee-employer relationship between a Holder and the Service Recipient is terminated for any reason, including, without limitation, a termination by resignation, discharge, death, disability or retirement; but
excluding terminations where the Holder simultaneously commences or remains in employment or service with the Company, any Subsidiary or any Related Entity. 

  
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 The Committee, in its sole discretion, shall determine the effect of all matters and
questions relating to Terminations of Service, including, without limitation, the question of whether a Termination of Service resulted from a discharge for Cause and all questions of whether particular leaves of absence constitute a Termination of
Service; provided, however, that, with respect to Incentive Share Options, unless the Committee otherwise provides in the terms of the Award Agreement or otherwise, a leave of absence, change in status from an employee to an
independent contractor or other change in the employee-employer relationship shall constitute a Termination of Service only if, and to the extent that, such leave of absence, change in status or other change interrupts employment for the purposes of
Section 422(a)(2) of the Code and the then applicable regulations and revenue rulings under said Section. For purposes of the Plan, a Holder’s employee-employer relationship or consultancy relations shall be deemed to be terminated in the
event that the Subsidiary or Related Entity employing or contracting with such Holder ceases to remain a Subsidiary or Related Entity following any merger, sale of securities or other corporate transaction or event (including, without limitation, a spin-off). 
 2.34 “Trading Date” means the closing of the first sale to the general
public of the Shares pursuant to an effective registration statement under Applicable Laws, which results in the Shares being publicly traded on one or more established stock exchanges or national market systems. 

ARTICLE 3 
 SHARES
SUBJECT TO THE PLAN 
 3.1 Number of Shares. 

(a) Subject to Section 12.1 and Section 3.1(b), the initial maximum aggregate number of Shares which may be issued or transferred
pursuant to Awards under the Plan is 54,000,000 Shares. 
 (b) To the extent that an Award terminates, expires, or lapses for any reason, or
is settled in cash and not Shares, then any Shares subject to the Award shall again be available for the grant of an Award pursuant to the Plan. Shares delivered by the Holder or withheld by the Company upon the exercise of any Award under the Plan,
in payment of the exercise price thereof or tax withholding thereon, may again be optioned, granted or awarded hereunder, subject to the limitations of Section 3.1(a). If any Shares forfeited by the Holder or repurchased by the Company are
again returned to the Company, these shares may again be optioned, granted or awarded hereunder, subject to the limitations of Section 3.1(a). To the extent permitted by Applicable Laws, Shares issued in assumption of, or in substitution for,
any outstanding awards of any entity acquired in any form of combination by the Company, any Parent or any Subsidiary or Related Entity shall not be counted against Shares available for grant pursuant to the Plan. Notwithstanding the provisions of
this Section 3.1(b), no Shares may again be optioned, granted or awarded if such action would cause an Incentive Share Option to fail to qualify as an incentive stock option under Section 422 of the Code. 

3.2 Share Distributed. Any Shares distributed pursuant to an Award may consist, in whole or in part, of authorized and unissued Shares,
treasury Shares (subject to Applicable Laws) or Shares purchased on the open market. Additionally, in the discretion of the Committee, American Depository Shares in an amount equal to the number of Shares which otherwise would be distributed
pursuant to an Award may be distributed in lieu of Shares in settlement of any Award. If the number of Shares represented by an American Depository Share is other than on a
one-to-one basis, the limitations of Section 3.1 shall be adjusted to reflect the distribution of American Depository Shares in lieu of Shares. 

ARTICLE 4 
 GRANTING OF
AWARDS 
 4.1 Participation. The Committee may, from time to time, select from among all Eligible Individuals, those to whom an
Award shall be granted and shall determine the nature and amount of each Award, which shall not be inconsistent with the requirements of the Plan. No Eligible Individual shall have any right to be granted an Award pursuant to the Plan. 

  
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 4.2 Award Agreement. Each Award shall be evidenced by an Award Agreement that sets
forth the terms, conditions and limitations which may include the term of an Award, the provisions applicable in the event the Holder’s employment or service terminates, and the Company’s authority to unilaterally or bilaterally amend,
modify, suspend, cancel or rescind an Award. Award Agreements evidencing Incentive Share Options shall contain such terms and conditions as may be necessary to meet the applicable provisions of Section 422 of the Code. 

4.3 Jurisdictions. Notwithstanding any provision of the Plan to the contrary, in order to comply with the laws in the jurisdictions in
which the Service Recipients operate or have Eligible Individuals, or in order to comply with the requirements of any securities exchange, the Committee, in its sole discretion, shall have the power and authority to: (a) determine which
Subsidiaries and Related Entities shall be covered by the Plan; (b) determine which Eligible Individuals are eligible to participate in the Plan; (c) modify the terms and conditions of any Award granted to Eligible Individuals to comply
with Applicable Laws; (d) establish subplans and modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable (any such subplans and/or modifications shall be attached to the Plan as
appendices); provided, however, that no such subplans and/or modifications shall increase the share limitations contained in Section 3.1; and (e) take any action, before or after an Award is made, that it deems advisable to obtain
approval or comply with any Applicable Laws including necessary local governmental regulatory exemptions or approvals or listing requirements of any such securities exchange. Notwithstanding the foregoing, the Committee may not take any actions
hereunder, and no Awards shall be granted, that would violate the any Applicable Laws. 
 4.4 Stand-Alone and Tandem Awards. Awards
granted pursuant to the Plan may, in the sole discretion of the Committee, be granted either alone, in addition to, or in tandem with, any other Award granted pursuant to the Plan. Awards granted in addition to or in tandem with other Awards may be
granted either at the same time as or at a different time from the grant of such other Awards. 
 ARTICLE 5 

OPTIONS 
 5.1
General. The Committee is authorized to grant Options to Eligible Individuals on the following terms and conditions: 
 (a)
Exercise Price. The exercise price per Share subject to an Option shall be determined by the Committee and set forth in the Award Agreement which may be a fixed or variable price related to the Fair Market Value of the Shares; provided,
however, that no Option may be granted to an individual subject to taxation in the United States at less than the par value per share or Fair Market Value on the date of grant, without compliance with Section 409A of the Code, or the
Holder’s consent. The exercise price per Share subject to an Option may be amended or adjusted in the absolute discretion of the Committee, the determination of which shall be final, binding and conclusive. For the avoidance of doubt, to the
extent not prohibited by Applicable Laws (including any applicable exchange rule), a downward adjustment of the exercise prices of Options mentioned in the preceding sentence shall be effective without the approval of the Company’s shareholders
or the approval of the affected Holders. 
 (b) Vesting. The period during which the right to exercise, in whole or in part, an
Option vests in the Holder shall be set by the Committee and the Committee may determine that an Option may not be exercised in whole or in part for a specified period after it is granted. Such vesting may be based on service with the Service
Recipient or any other criteria selected by the Committee. At any time after grant of an Option, the Committee may, in its sole discretion and subject to whatever terms and conditions it selects, accelerate the period during which an Option vests.
No portion of an Option which is unexercisable at a Holder’s Termination of Service shall thereafter become exercisable, except as may be otherwise provided by the Committee either in the Award Agreement or by action of the Committee following
the grant of the Option. 
 (c) Time and Conditions of Exercise. The Committee shall determine the time or times at which an Option
may be exercised in whole or in part, including exercise prior to vesting and that a partial exercise must be with respect to a minimum number of shares. The Committee shall also determine any conditions, if any, that must be satisfied before all or
part of an Option may be exercised. 

  
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 (d) Manner of Exercise. All or a portion of an exercisable Option shall be deemed
exercised upon delivery of all of the following to the Secretary of the Company, or such other person or entity designated by the Committee, or his, her or its office, as applicable: 

(i) A written or electronic notice complying with the applicable rules established by the Committee stating that the Option, or
a portion thereof, is exercised. The notice shall be signed by the Holder or other person then entitled to exercise the Option or such portion of the Option; 

(ii) Such representations and documents as the Committee, in its sole discretion, deems necessary or advisable to effect
compliance with all Applicable Laws or regulations, and the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or traded. The Committee may, in its sole discretion, also take whatever additional
actions it deems appropriate to effect such compliance including, without limitation, placing legends on share certificates and issuing stop-transfer notices to agents and registrars; 

(iii) In the event that the Option shall be exercised pursuant to Section 9.3 by any person or persons other than the
Holder, appropriate proof of the right of such person or persons to exercise the Option, as determined in the sole discretion of the Committee; and 

(iv) Full payment of the exercise price and applicable withholding taxes to share administrator of the Company for the Shares
with respect to which the Option, or portion thereof, is exercised, in a manner permitted by Section 9.1 and 9.2. 
 (e) Term.
The term of any Option granted under the Plan shall not exceed ten years. Except as limited by the requirements of Section 409A or Section 422 of the Code and regulations and rulings thereunder, the Committee may extend the term of any
outstanding Option, and may extend the time period during which vested Options may be exercised, in connection with any Termination of Service of the Holder, and may amend any other term or condition of such Option relating to such a Termination of
Service. 
 (f) Evidence of Grant. All Options shall be evidenced by an Award Agreement between the Company and the Holder. The Award
Agreement shall include such additional provisions as may be specified by the Committee. 
 (g) Effect of Promotion and Demotion on
Options. In the event of a Holder’s promotion, demotion or lateral position move, the Committee may terminate part of the Holder’s unexercised Options , or adjust the exercise price with reference without the consent of you with
reference to the Holder’s position after the promotion, demotion or lateral position move without the consent of the Holder. 
 (h)
Effects of Termination of Employment or Service on Options. Termination of employment or service shall have the following effects on Options granted to the Holders: 

(i) Dismissal for Cause. Unless otherwise provided in the Award Agreement, if a Holder’s employment by or service
to the Service Recipient is terminated by the Service Recipient for Cause, the Holder’s Options will terminate upon such termination, whether or not the Option is then vested and/or exercisable, and the Company will have the right to
repurchase, or designate third party to purchase any Shares issued to the Holder upon the exercise of any Options for free.; 

(ii) Terminations of Employment or Service. Unless otherwise provided in the Award Agreement, if a Holder’s
employment by or service to the Service Recipient terminates for any reason other than a termination by the Service Recipient for Cause, the Holder’s right to vested Options and Shares issued to the Holder upon the exercise of any Options, if
any, will not be affected by the Termination of Service. The Options, to the extent not vested on the date of the Holder’s termination of Employment or service, shall terminate upon the Holder’s termination of Employment or service 

5.2 Incentive Share Options. Incentive Share Options may be granted to Employees of the Company, a Parent or Subsidiary of the Company
(which qualify as a parent or subsidiary corporation under Section 424(e) and (f) of the Code respectively). Incentive Share Options may not be granted to Employees of a Related Entity or to
Non-Employee Directors. The terms of any Incentive Share Options granted pursuant to the Plan, in addition to the requirements of Section 5.1, must comply with the following additional provisions of this
Section 5.2: 
 (a) Individual Dollar Limitation. The aggregate Fair Market Value (determined as of the time the Option is
granted) of all Shares with respect to which Incentive Share Options are first exercisable by a Holder in any calendar year may not exceed US$100,000 or such other limitation as imposed by Section 422(d) of the Code, or any successor provision.
To the extent that Incentive Share Options are first exercisable by a Holder in excess of such limitation, the excess shall be considered Non-Qualified Options. 

  
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 (b) Exercise Price. The exercise price of an Incentive Share Option shall be equal to
the Fair Market Value on the date of grant. However, the exercise price of any Incentive Share Option granted to any individual who, at the date of grant, owns Shares possessing more than ten percent of the total combined voting power of all classes
of shares of the Company may not be less than 110% of Fair Market Value on the date of grant and such Option may not be exercisable for more than five years from the date of grant. 

(c) Transfer Restriction. The Holder shall give the Company prompt notice of any disposition of Shares acquired by exercise of an
Incentive Share Option within (i) two years from the date of grant of such Incentive Share Option or (ii) one year after the transfer of such Shares to the Holder. 

(d) Expiration of Incentive Share Options. No Award of an Incentive Share Option may be made pursuant to this Plan after the tenth
anniversary of the Effective Date. 
 (e) Right to Exercise. During a Holder’s lifetime, an Incentive Share Option may be
exercised only by the Holder. 
 ARTICLE 6 

ARTICLE 6 RESTRICTED STOCK 

6.1 Award of Restricted Shares. 

(a) The Committee is authorized to grant Restricted Shares to Eligible Individuals, and shall determine the amount of, and the terms and
conditions, including the restrictions applicable to each award of Restricted Shares, which terms and conditions shall not be inconsistent with the Plan, and may impose such conditions on the issuance of such Restricted Shares as it deems
appropriate. 
 6.2 Restrictions. All Restricted Shares (including any shares received by Holders thereof with respect to Restricted
Shares as a result of share dividends, share splits or any other form of recapitalization) shall, in the terms of each individual Award Agreement, be subject to such restrictions and vesting requirements as the Committee shall provide. Such
restrictions may include, without limitation, restrictions concerning voting rights and transferability and such restrictions may lapse separately or in combination at such times and pursuant to such circumstances or based on such criteria as
selected by the Committee, including, without limitation, criteria based on the Holder’s duration of employment, directorship or consultancy with the Service Recipient, or other criteria selected by the Committee. By action taken after the
Restricted Shares are issued, the Committee may, on such terms and conditions as it may determine to be appropriate, accelerate the vesting of such Restricted Shares by removing any or all of the restrictions imposed by the terms of the Award
Agreement. Restricted Share may not be sold or encumbered until all restrictions are terminated or expire. 
 6.3 Repurchase or
Forfeiture of Restricted Shares. Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter, upon termination of employment or service during the applicable restriction period, Restricted Shares that are
at that time subject to restrictions shall be forfeited or repurchased in accordance with the Award Agreement. The Committee in its sole discretion may provide in the Award Agreement that it may, in certain events, waive in whole or in part
restrictions or forfeiture and repurchase conditions relating to Restricted Shares. 
 6.4 Certificates for Restricted Shares.
Restricted Shares granted pursuant to the Plan may be evidenced in such manner as the Committee shall determine. Certificates or book entries evidencing Restricted Shares must include an appropriate legend referring to the terms, conditions, and
restrictions applicable to such Restricted Share, and the Company may, in its sole discretion, retain physical possession of any share certificate until such time as all applicable restrictions lapse. 

  
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 ARTICLE 7 

RESTRICTED SHARE UNITS 

7.1 Grant of Restricted Share Units. The Committee, at any time and from time to time, may grant Restricted Share Units to Holders as
the Committee, in its sole discretion, shall determine. The Committee, in its sole discretion, shall determine the number of Restricted Share Units to be granted to each Holder. 

7.2 Restricted Share Units Award Agreement. Each Award of Restricted Share Units shall be evidenced by an Award Agreement that shall
specify any vesting conditions, the number of Restricted Share Units granted, and such other terms and conditions as the Committee, in its sole discretion, shall determine. 

7.3 Performance Objectives and Other Terms. The Committee, in its discretion, may set performance objectives or other vesting criteria
which, depending on the extent to which they are met, will determine the number or value of Restricted Share Units that will be paid out to the Holders. 

7.4 Form and Timing of Payment of Restricted Share Units. At the time of grant, the Committee shall specify the date or dates on which
the Restricted Share Units shall become fully vested and nonforfeitable. Upon vesting, the Committee, in its sole discretion, may pay Restricted Share Units in the form of cash, in Shares or in a combination thereof. 

7.5 Forfeiture/Repurchase. Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter, upon
termination of employment or service during the applicable restriction period, Restricted Share Units that are at that time unvested shall be forfeited or repurchased in accordance with the Award Agreement; provided, however, the Committee
may (a) provide in any Restricted Share Unit Award Agreement that restrictions or forfeiture and repurchase conditions relating to Restricted Share Units will be waived in whole or in part in the event of terminations resulting from specified
Causes, and (b) in other cases waive in whole or in part restrictions or forfeiture and repurchase conditions relating to Restricted Share Units. 

ARTICLE 8 
 ADDITIONAL
TERMS OF AWARDS 
 8.1 Payment. The Committee shall determine the methods by which payments by any Holder with respect to any
Awards granted under the Plan shall be made, including, without limitation: (a) cash or check funded by the Holder, (b) Shares (including, in the case of payment of the exercise price of an Award, Shares issuable pursuant to the exercise
of the Award) or Shares held for such period of time as may be required by the Committee in order to avoid adverse accounting consequences under Applicable Accounting Standards, in each case, having a Fair Market Value on the date of delivery equal
to the aggregate payments required, (c) following the Trading Date, delivery of a notice that the Holder has placed a market sell order with a broker with respect to Shares then issuable upon exercise or vesting of an Award, and that the broker
has been directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the aggregate payments required, provided, that payment of such proceeds is then made to the Company upon settlement of such sale,
or (d) other form of legal consideration acceptable to the Committee. The Committee shall also determine the methods by which Shares shall be delivered or deemed to be delivered to Holders. Notwithstanding any other provision of the Plan to the
contrary, no Holder shall be permitted to make payment with respect to any Awards granted under the Plan to the extent prohibited by Applicable Laws. 

8.2 Tax Withholding. No Shares shall be delivered under the Plan to any Holder until such Holder has made arrangements acceptable to
the Committee for the satisfaction of any income, employment, social welfare or other tax withholding obligations under Applicable Laws. Each Service Recipient shall have the authority and the right to deduct or withhold, or require a Holder to
remit to the applicable Service Recipient, an amount sufficient to satisfy federal, state, local and foreign taxes (including the Holder’s employment, social welfare or other tax obligations) required by Applicable Laws to be withheld with
respect to any taxable event concerning a Holder arising as a result of the Plan, including, without limitation, any amount payable and/or Shares issuable under this Plan, and each Service Recipient may defer any such payment or issuance unless and
until indemnified to its satisfaction. The Committee may in its sole discretion and in satisfaction of the foregoing requirement allow a Holder to elect to have the Company withhold Shares otherwise issuable under an Award (or allow the surrender of
Shares). The number of Shares which may be so withheld or surrendered shall be limited to the number of Shares which have a Fair Market Value on the date of withholding or repurchase equal to the aggregate amount of such liabilities based on the
minimum statutory withholding rates for tax purposes that are 

  
 9 

 
applicable to such taxable income. The Committee shall determine the Fair Market Value of the Shares, consistent with Applicable Laws, for tax withholding obligations due in connection with a
broker-assisted cashless Option exercise involving the sale of shares to pay the Option exercise price or any tax withholding obligation. In any event, each Holder shall be required to indemnify the Company and hold it harmless for any and all
withholding and similar tax obligation arising as a result of the grant or exercise of Options hereunder or the issuance or vesting of any Shares. 

8.3 Transferability of Awards. 

(a) Limits on Transfer. Unless otherwise expressly provided in (or pursuant to) this Section 8.3, by applicable law and by the
Award Agreement, as the same may be amended: 
 (i) all Awards are non-transferable
and will not be subject in any manner to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge; 

(ii) Awards will be exercised only by the Holder; and 

(iii) amounts payable or shares issuable pursuant to an Award will be delivered only to (or for the account of), and, in the
case of Shares, registered in the name of, the Holder. 
 Further Exceptions to Limits on Transfer. The exercise and transfer
restrictions in Section 8.3 (a) will not apply to: 
 (b) 

(i) transfers to the Company or a Subsidiary; 

(ii) transfers by gift to “immediate family” as that term is defined in SEC Rule
16a-1(e) promulgated under the Exchange Act; 
 (iii) the designation of a
beneficiary to receive benefits if the Holders dies or, if the Holder has died, transfers to or exercises by the Holder’s beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and
distribution; 
 (iv) if the Holder has suffered a disability, permitted transfers or exercises on behalf of the Holder by
the Holder’s duly authorized legal representative; or 
 (v) transfer to one or more natural persons who are the
Holder’s family members or entities owned and controlled by the Holder and/or the Holder’s family members, including but not limited to trusts or other entities whose beneficiaries or beneficial owners are the Holder and/or the
Holder’s family members, or to such other persons or entities as may be expressly approved by the Committee, pursuant to such conditions and procedures as the Committee or may establish. Any permitted transfer shall be subject to the condition
that the Committee receives evidence satisfactory to it that the transfer is being made for estate and/or tax planning purposes and on a basis consistent with the Company’s lawful issue of securities. 

Notwithstanding anything else in this Section 8.3(b) to the contrary, but subject to compliance with all Applicable Laws, Incentive Share
Options, Restricted Shares and Restricted Share Units will be subject to any and all transfer restrictions under the Code applicable to such Awards or necessary to maintain the intended tax consequences of such Awards. Notwithstanding clause
(ii) above but subject to compliance with all Applicable Laws, any contemplated transfer by gift to “immediate family” as referenced in clause (ii) above is subject to the condition precedent that the transfer be approved by the
Committee in order for it to be effective. 
 8.4 Conditions to Issuance of Shares. 

(a) Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any certificates or make any book
entries evidencing Shares pursuant to the exercise of any Award, unless and until the Board has determined, with advice of counsel, that the issuance of such Shares is in compliance with all Applicable Laws and the Shares are covered by an effective
registration statement or applicable exemption from registration. In addition to the terms and conditions provided herein, the Board or Committee may require that a Holder make such reasonable covenants, agreements, and representations as the Board
or Committee, in its discretion, deems advisable in order to comply with any such laws, regulations, or requirements. 

  
 10 

 (b) All Share certificates delivered pursuant to the Plan and all Shares issued pursuant to
book entry procedures are subject to any stop-transfer orders and other restrictions as the Committee deems necessary or advisable to comply with all Applicable Laws. The Committee may place legends on any Shares certificate or book entry to
reference restrictions applicable to the Shares. 
 (c) The Committee shall have the right to require any Holder to comply with any timing
or other restrictions with respect to the settlement, distribution or exercise of any Award, including a window- period limitation, as may be imposed in the sole discretion of the Committee. 

(d) No fractional Shares shall be issued and the Committee shall determine, in its sole discretion, whether cash shall be given in lieu of
fractional shares or whether such fractional shares shall be eliminated by rounding down. 
 (e) Notwithstanding any other provision of the
Plan, unless otherwise determined by the Committee or required by any Applicable Laws, the Company shall not deliver to any Holder certificates evidencing Shares issued in connection with any Award and instead such Shares shall be recorded in the
books of the Company (or, as applicable, the Committee or the transfer agent of the Company). 
 8.5 Forfeiture Provisions. Pursuant
to its general authority to determine the terms and conditions applicable to Awards under the Plan, the Committee shall have the right to provide, in the terms of Awards made under the Plan, or to require a Holder to agree by separate written
instrument, that: (a)(i) any proceeds, gains or other economic benefit actually or constructively received by the Holder upon any receipt or exercise of the Award, or upon the receipt or resale of any Shares underlying the Award, must be paid to the
Company, and (ii) the Award shall terminate and any unexercised portion of the Award (whether or not vested) shall be forfeited, if (b)(i) a Termination of Service occurs prior to a specified date, or within a specified time period following
receipt or exercise of the Award, or (ii) the Holder at any time, or during a specified time period, engages in any activity in competition with the Company, or which is inimical, contrary or harmful to the interests of the Company, as further
defined by the Committee or (iii) the Holder incurs a Termination of Service for Cause. 
 In addition, the Committee shall have the
right to provide, in the terms of Awards made under the Plan, or to require a Holder to agree by separate written instrument, that in the event that the Holder receives a formal notice from the Company that he/she has violated rules and policies of
the Company, the Committee may terminate that (i) Company has the right to repurchase or designate third party to purchase any Shares issued to the Holder upon the exercise of any Options at the exercise price, and (ii) the Award shall
terminate and any unexercised portion of the Award (whether or not vested) shall be forfeited. 
 8.6 Applicable Currency. A Holder
may be required to provide evidence that any currency used to pay the exercise price of any Award were acquired and taken out of the jurisdiction in which the Holder resides in accordance with Applicable Laws, including foreign exchange control laws
and regulations. In the event the exercise price for an Award is paid in Chinese Renminbi or other foreign currency, as permitted by the Committee, the amount payable will be determined by conversion from U.S. dollars at the official rate
promulgated by the People’s Bank of China for Chinese Renminbi, or for jurisdictions other than the Peoples Republic of China, the exchange rate as selected by the Committee on the date of exercise. 

ARTICLE 9 
 CHANGES IN
CAPITAL STRUCTURE 
 9.1 Adjustments. In the event of any share issurance and cancellation, distribution, share split,
combination or exchange of Shares, amalgamation, arrangement or consolidation, reorganization of the Company, including the Company becoming a subsidiary in a transaction not involving a Corporate Transaction,
spin-off, recapitalization or other distribution (other than normal cash dividends) of Company assets to its shareholders, or any other change affecting the Shares or the share price of a Share, the Committee
shall make such proportionate and equitable adjustments, if any, to reflect such change with respect to (a) the aggregate number and type of shares that may be issued under the Plan (including, but not limited to, adjustments of the limitations
in Section 3.1 and substitutions of shares in a parent or surviving company); (b) the terms and conditions of any outstanding Awards (including, without limitation, any applicable performance targets or criteria with respect thereto); and
(c) the grant or exercise price per share for any outstanding Awards under the Plan. The form and manner of any such adjustments shall be determined by the Committee in its sole discretion. 

  
 11 

 9.2 Outstanding Awards — Other Changes. In the event of any other change in the
capitalization of the Company or corporate change other than those specifically referred to in this Article 12, the Committee may, in its absolute discretion, make such adjustments in the number and class of shares subject to Awards outstanding on
the date on which such change occurs and in the per share grant or exercise price of each Award as the Committee may consider appropriate to prevent dilution or enlargement of rights. 

9.3 No Other Rights. Except as expressly provided in the Plan, no Holder shall have any rights by reason of any subdivision or
consolidation of shares of any class, the payment of any dividend, any increase or decrease in the number of shares of any class or any dissolution, liquidation, merger, or consolidation of the Company or any other corporation. Except as expressly
provided in the Plan or pursuant to action of the Committee under the Plan, no issuance by the Company of shares of any class, or securities convertible into shares of any class, shall affect, and no adjustment by reason thereof shall be made with
respect to, the number of shares subject to an Award or the grant or exercise price of any Award. 
 ARTICLE 10 

ADMINISTRATION 
 10.1
Committee. The Plan shall be administered by the Board or a committee of one or more members of the Board to whom the Board shall delegate the authority to grant or amend Awards to Holders other than any of the Committee members. Any grant or
amendment of Awards to any Committee member shall then require an affirmative vote of a majority of the Board members who are not on the Committee. 

10.2 Duties and Powers of Committee. It shall be the duty of the Committee to conduct the general administration of the Plan in
accordance with its provisions. The Committee shall have the power to interpret the Plan and the Award Agreement, and to adopt such rules for the administration, interpretation and application of the Plan as are not inconsistent therewith, to
interpret, amend or revoke any such rules and to amend any Award Agreement provided that the rights or obligations of the Holder of the Award that is the subject of any such Award Agreement are not affected adversely by such amendment, unless the
consent of the Holder is obtained or such amendment is otherwise permitted under Section 11.10. Any such grant or award under the Plan need not be the same with respect to each Holder. Any such interpretations and rules with respect to
Incentive Share Options shall be consistent with the provisions of Section 422 of the Code. In its sole discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee under the Plan except
with respect to matters which under Applicable Laws are required to be determined in the sole discretion of the Committee. 
 10.3 Action
by the Committee. Unless otherwise established by the Board or in any charter of the Committee, a majority of the Committee shall constitute a quorum and the acts of a majority of the members present at any meeting at which a quorum is present,
and acts approved in writing by all members of the Committee in lieu of a meeting, shall be deemed the acts of the Committee. Each member of the Committee is entitled to, in good faith, rely or act upon any report or other information furnished to
that member by any officer or other employee of a Service Recipient, the Company’s independent certified public accountants, or any executive compensation consultant or other professional retained by the Company to assist in the administration
of the Plan. 
 10.4 Authority of Committee. Subject to any specific designation in the Plan, the Committee has the exclusive power,
authority and sole discretion to: 
 (a) Designate Eligible Individuals to receive Awards; 

(b) Determine the type or types of Awards to be granted to each Eligible Individual; 

(c) Determine the number of Awards to be granted and the number of Shares to which an Award will relate; 

(d) Determine the terms and conditions of any Award granted pursuant to the Plan, including, but not limited to, the exercise price, grant
price, or purchase price, any reload provision, any restrictions or limitations on the Award, any schedule for vesting, lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and accelerations or waivers thereof, and any
provisions related to non- competition and recapture of gain on an Award, based in each case on such considerations as the Committee in its sole discretion determines; 

  
 12 

 (e) Determine whether, to what extent, and pursuant to what circumstances an Award may be
settled in, or the exercise price of an Award may be paid in cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered; 

(f) Prescribe the form of each Award Agreement, which need not be identical for each Holder; 

(g) Decide all other matters that must be determined in connection with an Award, including without limitation, cancel or redeem an
outstanding Award (including but not limited to an outstanding Option with an exercise price exceeding the Fair Market Value of the underlying Shares), in exchange for cash, another Award or a combination of Awards, on terms and conditions the
Committee determines and communicates to the holder of such outstanding Award; 
 (h) Establish, adopt, or revise any rules and regulations
as it may deem necessary or advisable to administer the Plan; 
 (i) Interpret the terms of, and any matter arising pursuant to, the Plan or
any Award Agreement; 
 (j) Adjust the exercise price per Share subject to an Option; and 

(k) Make all other decisions and determinations that may be required pursuant to the Plan or as the Committee deems necessary or advisable to
administer the Plan. 
 10.5 Decisions Binding. The Committee’s interpretation of the Plan, any Awards granted pursuant to the
Plan, any Award Agreement and all decisions and determinations by the Committee with respect to the Plan are final, binding, and conclusive on all parties. 

ARTICLE 11 
 EFFECTIVE
AND EXPIRATION DATE 
 11.1 Effective Date. This Plan shall become effective on the date of its adoption by the Board (the
“Effective Date”). 
 11.2 Expiration Date. The Plan will expire on, and no Award may be granted pursuant to the Plan
after, the tenth anniversary of the Effective Date. Any Awards that are outstanding on the tenth anniversary of the Effective Date shall be terminated automatically. 

ARTICLE 12 
 AMENDMENT,
MODIFICATION, AND TERMINATION 
 12.1 Amendment, Suspension or Termination of the Plan. At any time and from time to time, the
Committee may terminate, amend or modify the Plan; provided, however, that to the extent necessary and desirable to comply with Applicable Laws, the Company shall obtain shareholder approval of any Plan amendment (excluding termination of the
Plan as provided herein) in such a manner and to such a degree as required, including (a) to increase the number of Shares available under the Plan (other than any adjustment as provided by Article 9), (b) to permit the Committee to extend the
term of the Plan or the exercise period for an Option beyond ten years from the date of grant; provided, further, that to the extent permissible under the Applicable Laws, the Board may decide to follow home country practice not to seek the
shareholder approval for any amendment or modification of the Plan. 
 The Plan shall terminate upon: 

(a) Corporate Transaction of the Company; 

  
 13 

 (b) issuance of a negative opinion or disclaimer of opinion on the financial reports of the
latest fiscal year by public accountants; 
 (c) sanction by any regulatory or governmental authority for substantial violation of
Applicable Laws; 
 (d) other occasions in accordance with the Applicable Laws that require the termination of the Plan. 

12.2 Awards Previously Granted. Except with respect to amendments made pursuant to Section 12.1, no termination, amendment, or
modification of the Plan shall adversely affect in any material way any Award previously granted pursuant to the Plan without the prior written consent of the Participant. With respect to termination of the Plan in accordance with Section 12.1,
Options not yet exercised shall terminate and Shares issued to Holders upon the exercise of the Options shall follow the “lock-up” agreements notwithstanding the termination of the Plan. 

ARTICLE 13 
 GENERAL
PROVISIONS 
 13.1 No Shareholders Rights. Except as otherwise provided herein, a Holder shall have none of the rights of a
shareholder with respect to Shares covered by any Award until the Holder becomes the record owner of such Shares. 
 13.2 Paperless
Administration. In the event that the Company establishes, for itself or using the services of a third party, an automated system for the documentation, granting or exercise of Awards, such as a system using an internet website or interactive
voice response, then the paperless documentation, granting or exercise of Awards by a Holder may be permitted through the use of such an automated system. 

13.3 Effect of Plan upon Other Compensation Plans. The adoption of the Plan shall not affect any other compensation or incentive plans
in effect for a Service Recipient. Nothing in the Plan shall be construed to limit the right of a Service Recipient: (a) to establish any other forms of incentives or compensation for Eligible Individuals, or (b) to grant or assume options
or other rights or awards otherwise than under the Plan in connection with any proper corporate purpose including without limitation, the grant or assumption of options in connection with the acquisition by purchase, lease, merger, consolidation or
otherwise, of the business, securities or assets of any corporation, partnership, limited liability company, firm or association. 
 13.4
Compliance with Laws. The Plan, the granting and vesting of Awards under the Plan and the issuance and delivery of Shares and the payment of money under the Plan or under Awards granted or awarded hereunder are subject to compliance with all
Applicable Laws (including but not limited to securities law and margin requirements), and to such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable in
connection therewith. Any securities delivered under the Plan shall be subject to such restrictions, and the person acquiring such securities shall, if requested by the Company, provide such assurances and representations to the Company as the
Company may deem necessary or desirable to assure compliance with all applicable legal requirements. To the extent permitted by Applicable Laws, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to
conform to such Applicable Laws. 
 13.5 Titles and Headings, References to Sections of the Code or Exchange Act. The titles and
headings of the Sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. References to sections of the Code or the Exchange Act shall
include any amendment or successor thereto. 
 13.6 Governing Law. The Plan and any agreements hereunder shall be administered,
interpreted and enforced under the internal laws of the Cayman Islands without regard to conflicts of laws thereof. 
 13.7 Section
409A. To the extent that the Committee determines that any Award granted under the Plan is subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions required by
Section 409A of the Code. To the extent applicable, the Plan and Award Agreements shall be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder,
including without limitation any such regulations or 

  
 14 

 
other guidance that may be issued after the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the Committee determines that
any Award may be subject to Section 409A of the Code and related Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the Effective Date), the Committee may adopt such amendments to the Plan and
the applicable Award Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Committee determines are necessary or appropriate to (a) exempt
the Award from Section 409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Award, or (b) comply with the requirements of Section 409A of the Code and related Department of Treasury
guidance and thereby avoid the application of any penalty taxes under such Section. 
 13.8 No Rights to Awards. No Eligible
Individual or other person shall have any claim to be granted any Award pursuant to the Plan, and neither the Company nor the Committee is obligated to treat Eligible Individuals, Holders or any other persons uniformly. 

13.9 No Right to Employment or Services. Nothing in the Plan or any Award Agreement shall interfere with or limit in any way the right
of the Service Recipient to terminate any Holder’s employment or services at any time, nor confer upon any Holder any right to continue in the employ or service of any Service Recipient. 

13.10 Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to
any payments not yet made to a Holder pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Holder any rights that are greater than those of a general creditor of the Company, any Subsidiary or any Related Entity.

 13.11 Indemnification. To the extent allowable pursuant to Applicable Laws, each member of the Committee or of the Board shall be
indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection with or resulting from any claim, action, suit, or proceeding to which he or she may
be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid by him or her in satisfaction of judgment in such action, suit, or proceeding against him
or her; provided he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be
exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the Company’s Amended and Restated Memorandum of Association and Articles of Association, as a matter of law, or otherwise, or any power that the
Company may have to indemnify them or hold them harmless. 
 13.12 Relationship to other Benefits. No payment pursuant to the Plan
shall be taken into account in determining any benefits under any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of any Service Recipient except to the extent otherwise expressly provided in writing in
such other plan or an agreement thereunder. 
 13.13 Expenses. The expenses of administering the Plan shall be borne by the Service
Recipients. 
 13.14 Appendices. The Committee may approve such supplements, amendments or appendices to the Plan as it may consider
necessary or appropriate for purposes of compliance with Applicable Laws or otherwise and such supplements, amendments or appendices shall be considered a part of the Plan; provided, however, that no such supplements shall increase the share
limitation contained in Section 3.1 of the Plan without the approval of the Board. 

  
 15Separation and Release of Claims Agreement

 

This Separation and Release of Claims Agreement
(“Agreement”) is entered into by and between COMMAND CENTER, INC., a Washington corporation (the “Employer”),
on behalf of itself, its subsidiaries, and other corporate affiliates, and each of their respective present and former employees,
officers, directors, owners, shareholders, and agents, individually and in their official capacities (collectively referred to
as the “Employer Group”), and RICHARD K. COLEMAN, JR. (the “Employee”), residing at
_______________________________ (the Employer and the Employee are collectively referred to as the “Parties”)
as of August 29, 2019 (the “Execution Date”).

 

The Employee's last day of employment with
the Employer was August 6, 2019 (the “Separation Date”). After the Separation Date, the Employee will not represent
himself as being an employee, officer, agent, or representative of the Employer Group for any purpose. Except as otherwise set
forth in this Agreement, the Separation Date is the employment termination date for the Employee for all purposes, meaning the
Employee is not entitled to any further compensation, monies, or other benefits from the Employer Group including coverage under
any benefit plans or programs sponsored by the Employer Group, as of the Separation Date.

 

The Employee agrees to not seek future
employment with the Employer.

 

1.                 
Return
of Property. By the Execution Date, the Employee warrants and represents that he has returned all Employer Group property,
including identification cards or badges, access codes or devices, keys, laptops, computers, telephones, mobile phones, hand-held
electronic devices, credit cards, electronically stored documents or files, physical files, and any other Employer Group property
in the Employee's possession.

 

2.                  Employee Representations. The Employee
specifically represents, warrants, and confirms that the Employee:

 

(a)                
has not filed any claims, complaints, or actions of any kind against the Employer Group with any court of law, or local,
state, or federal government or agency;

 

(b)                 has
not made any claims or allegations to the Employer related to discrimination or sexual harassment or sexual abuse, and that
none of the payments set forth in this Agreement are related to discrimination, sexual harassment or sexual abuse;

 

(c)                
has been properly paid for all hours worked for the Employer Group, except any amounts to be paid pursuant to Section 3
hereof;

 

(d)                
has received all salary, wages, commissions, bonuses, and other compensation, including without limitation, all Base Salary,
Bonus Opportunities, Equity Compensation, Expense Reimbursement, Fringe Benefits, Paid Time Off, Accrued Obligations, Severance
Benefits, as those terms are defined in Employee’s Amended and Restated Employment Agreement dated March 31, 2019 (the “Employment
Agreement”) and any other agreements between the Parties which are due to Employee through the Execution Date, except
any amounts to be paid pursuant to Section 3 hereof;

 

     

     

    

 

(e)                
has not engaged in and is not aware of any unlawful conduct relating to the business of the Employer Group; and

 

(f)                 
has resigned any and all positions with the Employer Group including, without limitation, positions as any officer, director,
employee, or agent of any kind of and for Command Center, Inc. and all of its subsidiaries.

 

3.                 
Separation
Benefits. As consideration for the Employee's execution of, non-revocation of, and compliance with this Agreement, including
the Employee's waiver and release of claims in Section 4 and other post-termination obligations, the Employer Group agrees to provide
the following benefits to which the Employee is not otherwise entitled absent execution of this Agreement:

 

(a)                
A lump sum payment of One Thousand Dollars ($1,000.00), less all relevant taxes and other withholdings, which shall be paid
on the date that is eight days after the Execution Date.

 

(b)                
A lump sum payment of One Hundred Seventy Thousand and 00/100 Dollars ($170,000.00), less all relevant taxes and other withholdings,
which the Parties agree shall satisfy all salary, wages, commissions, bonuses, and other compensation, including without limitation,
all Base Salary, Performance Bonuses, other Bonus Opportunities, Expense Reimbursement, Fringe Benefits, Paid Time Off, Accrued
Obligations, and Severance Benefits, as those terms are defined in the Employment Agreement which will become due to Employee through
the Execution Date, which shall be paid on the date that is eight days after the Execution Date.

 

(c)                
 If the Employee timely and properly elects COBRA continuation coverage under the Hire Quest plan (Plan), the Employee may
be permitted to continue participation in the Plan under COBRA at Employee’s cost, to the extent required and available by
law and subject to the Plan continuing.

 

(d)                
 Employee agrees to direct all requests for references to Employer Group's Human Resources Department. In response to a
request for a reference, Employer Group shall provide only Employee's dates of employment and job title.

 

(e)                
Employee agrees that all stock options and other equity compensation granted to him by the Company at any time including,
without limitation, 100,000 Incentive Stock Options granted to him in his Employment Agreement dated April 1, 2018, are hereby
cancelled, null and void, and of no effect. Employee will take no action to attempt to exercise any rights to any such equity compensation.

 

    2 

     

    

 

The Employee understands,
acknowledges, and agrees that these benefits in the aggregate exceed what the Employee is otherwise entitled to receive on separation
from employment, and that these benefits are being given as consideration in exchange for executing this Agreement and the general
release contained in it. The Employee further acknowledges that the Employee is not entitled to any additional payment or consideration
not specifically referenced in this Agreement and that the payments referenced in this Agreement satisfy all obligations of the
Employer Group which are due or will become due to Employee through the Execution Date or which are otherwise required by the Employment
Agreement.

 

4.                 
Release.

 

(a)                
Employee's General Release and Waiver of Claims

 

In exchange
for the consideration provided in this Agreement, the Employee and the Employee's heirs, executors, representatives, administrators,
agents, insurers, and assigns (collectively, the “Releasors”) irrevocably and unconditionally fully and forever
waive, release, and discharge the Employer Group, including each member of the Employer Group's parents, subsidiaries, affiliates,
predecessors, successors, and assigns, and each of its and their respective officers, directors, employees, shareholders, trustees,
and insurers, in their corporate and individual capacities (collectively, the “Released Parties”), from any
and all claims, demands, actions, causes of actions, judgments, rights, fees, damages, debts, obligations, liabilities, and expenses
(inclusive of attorneys' fees) of any kind whatsoever, whether known or unknown (collectively, “Claims”), that
Releasors may have or have ever had against the Released Parties, or any of them, arising out of, or in any way related to the
Employee's hire, benefits, employment, termination, or separation from employment with the Employer Group by reason of any actual
or alleged act, omission, transaction, practice, conduct, occurrence, or other matter from the beginning of time up to and including
the date of the Employee's execution of this Agreement, including, but not limited to:

 

(i)                  
any and all claims under Title VII of the Civil Rights Act of 1964 (Title VII), the Americans with Disabilities Act (ADA),
the Family and Medical Leave Act (FMLA) (regarding existing but not prospective claims) the Fair Labor Standards Act (FLSA), the
Equal Pay Act, the Employee Retirement Income Security Act (ERISA) (regarding unvested benefits), the Civil Rights Act of 1991,
Section 1981 of U.S.C. Title 42, the Fair Credit Reporting Act (FCRA), the Worker Adjustment and Retraining Notification (WARN)
Act, the National Labor Relations Act (NLRA), the Age Discrimination in Employment Act (ADEA), the Uniform Services Employment
and Reemployment Rights Act (USERRA), the Genetic Information Nondiscrimination Act (GINA), the Immigration Reform and Control
Act (IRCA), and all other state and federal laws that may be legally waived, all including any amendments and their respective
implementing regulations, and any other federal, state, local, or foreign law (statutory, regulatory, or otherwise) that may be
legally waived and released; however, the identification of specific statutes is for purposes of example only, and the omission
of any specific statute or law shall not limit the scope of this general release in any manner;

 

(ii)                
any and all claims for compensation of any type whatsoever, including but not limited to claims for salary, wages, bonuses,
commissions, incentive compensation, equity compensation, paid time off, sick leave, vacation, and severance that may be legally
waived and released;

 

    3 

     

    

 

(iii)               
any and all claims arising under tort, contract, and quasi-contract law, including but not limited to claims of breach of
an express or implied contract, tortious interference with contract or prospective business advantage, breach of the covenant of
good faith and fair dealing, promissory estoppel, detrimental reliance, invasion of privacy, nonphysical injury, personal injury
or sickness or any other harm, wrongful or retaliatory discharge, fraud, defamation, slander, libel, false imprisonment, and negligent
or intentional infliction of emotional distress; and

 

(iv)              
any and all claims for monetary or equitable relief, including but not limited to attorneys' fees, back pay, front pay,
reinstatement, experts' fees, medical fees or expenses, costs and disbursements, punitive damages, liquidated damages, and penalties;
and

 

(v)                
indemnification rights the Employee has against the Employer Group.

 

However, this
general release and waiver of claims excludes, and the Employee does not waive, release, or discharge: (A) any right to file an
administrative charge or complaint with, or testify, assist, or participate in an investigation, hearing, or proceeding conducted
by, the Equal Employment Opportunity Commission or other similar federal or state administrative agencies, although the Employee
waives any right to monetary relief related to any filed charge or administrative complaint; and (B) claims that cannot be waived
by law.

 

(b)                
 Specific Release of ADEA Claims

 

In further
consideration of the payments and benefits provided to the Employee in this Agreement, the Releasors hereby irrevocably and unconditionally
fully and forever waive, release, and discharge the Released Parties from any and all Claims, whether known or unknown, from the
beginning of time through the date of the Employee's execution of this Agreement arising under the Age Discrimination in Employment
Act (ADEA), as amended, and its implementing regulations. By signing this Agreement, the Employee hereby acknowledges and confirms
that:

 

(i)                  
the Employee has read this Agreement in its entirety and understands all of its terms;

 

(ii)                
by this Agreement, the Employee has been advised in writing to consult with an attorney of the Employee's choosing before
signing this Agreement;

 

(iii)               
the Employee knowingly, freely, and voluntarily agrees to all of the terms and conditions set out in this Agreement including,
without limitation, the waiver, release, and covenants contained in it;

 

    4 

     

    

 

(iv)              
 the Employee is signing this Agreement, including the waiver and release, in exchange for good and valuable consideration
in addition to anything of value to which the Employee is otherwise entitled;

 

(v)                 the Employee was given at least twenty-one (21) days to consider the terms of this Agreement and consult with an attorney
of the Employee's choice, although the Employee may sign it sooner if desired, and changes to this Agreement, whether material
or immaterial, do not restart the running of the 21-day period;

 

(vi)              
the Employee understands that the Employee has seven (7) days after signing this Agreement to revoke the release in this
paragraph by delivering notice of revocation to John D. McAnnar, General Counsel at the Employer Group, 111 Springhall Drive, Goose
Creek, SC 29445 by overnight delivery or by email at jdmcannar@hirequestllc.com before the end of this seven-day period; and

 

(vii)              
the Employee understands that the release contained in this paragraph does not apply to rights and claims that may arise
after the Employee signs this Agreement.

 

5.                  
Knowing and Voluntary Acknowledgment.
The Parties specifically agree and acknowledge that:

 

(a)                
they have read this Agreement in its entirety and understand all of its terms;

 

(b)                 they
knowingly, freely, and voluntarily assent to all of this Agreement's terms and conditions.

 

(c)                
Employee is signing this Agreement, including the waiver and release, in exchange for good and valuable consideration in
addition to anything of value to which he is otherwise entitled;

 

(d)                 Employee
is not waiving or releasing rights or claims that may arise after he signs this Agreement;

 

(e)                
the waivers and releases in this Agreement are being requested in connection with the Employee's separation of employment
from the Employer Group.

 

6.                   Effective
Date. This Agreement shall not become effective until the eighth (8th) day after the Employee signs, without revoking, this
Agreement (“Effective Date”). No payments due to the Employee under this Agreement shall be made or begin before
the Effective Date.

 

7.                 
Cooperation.
The parties agree that certain matters in which the Employee has been involved during the Employee's employment may need the Employee's
cooperation with the Employer in the future. Accordingly, for a period of thirty (30) days after the Separation Date, to the extent
reasonably requested by the Employer Group, the Employee shall cooperate with the Employer Group regarding matters arising out
of or related to the Employee's service to the Employer Group. The Employer Group shall reimburse the Employee for reasonable expenses
incurred in connection with this cooperation.

 

    5 

     

    

 

8.                 
Non-Disparagement.
The Employee agrees and covenants that the Employee shall not at any time make, publish, or communicate to any person or entity
or in any public forum any defamatory, false, or disparaging remarks, comments, or statements concerning the Employer Group or
its businesses, or any of its employees, officers, or directors and their existing and prospective customers, suppliers, investors,
and other associated third parties, now or in the future. Employer agrees to instruct its executive team and board of directors,
and to ensure the members of the Employer Group instruct their respective executive teams and boards of directors, that they shall
not at any time make, publish, or communicate to any person or entity or in any public forum any defamatory, false, or disparaging
remarks, comments, or statements concerning Employee.

 

This Section does not
in any way restrict or impede the Parties from exercising protected rights, including rights under the National Labor Relations
Act (NLRA) or the federal securities laws, including the Dodd-Frank Act, to the extent that such rights cannot be waived by agreement
or from complying with any applicable law or regulation or a valid order of a court of competent jurisdiction or an authorized
government agency, provided that such compliance does not exceed that required by the law, regulation, or order. The Employee shall
promptly provide written notice of any such order to John D. McAnnar at Employer Group, 111 Springhall Drive, Goose Creek, SC 29445.
This Section does not restrict the rights of the Parties to make truthful statements to a government officer or agency or under
oath in connection with a judicial or arbitral proceeding.

 

9.                 
Confidentiality
of Agreement. The Employee agrees and covenants that the Employee shall not disclose any of the negotiations of, terms
of, or amount paid under this Agreement to any individual or entity; provided, however, that the Employee will not be prohibited
from making disclosures to the Employee's spouse or domestic partner, attorney, tax advisors, or as may be required by law.

 

This Section does not
in any way restrict or impede the Employee from exercising protected rights to the extent that such rights cannot be waived by
agreement or from complying with any applicable law or regulation or a valid order of a court of competent jurisdiction or an authorized
government agency, provided that such compliance does not exceed that required by the law, regulation, or order. The Employee shall
promptly provide written notice of any such order to John D. McAnnar at Employer Group, 111 Springhall Drive, Goose Creek, SC 29445.

 

Nothing in this Agreement
prohibits or restricts the Employee (or Employee’s attorney) from initiating communications directly with, responding to
an inquiry from, or providing testimony before the Securities and Exchange Commission (SEC), the Financial Industry Regulatory
Authority (FINRA), any other self-regulatory organization, or any other federal or state regulatory authority regarding this Agreement
or its underlying facts or circumstances or any possible securities law violation without notice to Employer Group.

 

    6 

     

    

 

10.             
Successors
and Assigns.  

 

(a)                
Assignment by the Employer Group

 

The Employer
Group may freely assign this Agreement at any time. This Agreement shall inure to the benefit of the Employer Group and its successors
and assigns.

 

(b)                
No Assignment by the Employee

 

The Employee
may not assign this Agreement in whole or in part. Any purported assignment by the Employee shall be null and void from the initial
date of the purported assignment.

 

11.             
Arbitration.
The Parties agree that any dispute, controversy, or claim arising out of or related to the Employee's employment with the Employer
Group or separation from employment, this Agreement, or any alleged breach of this Agreement shall be governed by the Federal Arbitration
Act (FAA) and submitted to and decided by binding arbitration to be held in Denver, Colorado. Arbitration shall be administered
before the American Arbitration Association (“AAA”) in compliance with their rules related to employment disputes,
except as modified by this Agreement. Each Party shall pay half of the costs of arbitration charged by the AAA. Any arbitral award
determination shall be final and binding on the Parties and may be entered as a judgment in a court of competent jurisdiction.
The Parties agree that the prevailing party shall be entitled, in addition to any awarded damages, their costs and reasonable attorneys’
fees, whether at arbitration, or on appeal. The Parties agree that the arbitrator shall have no power to award any consequential,
punitive, or exemplary damages of any kind.

 

12.             
Governing
Law, Jurisdiction, and Venue. This Agreement and all matters arising out of or relating to this Agreement and the Employee's
employment by Employer Group, whether sounding in contract, tort, or statute, for all purposes shall be governed by and construed
in accordance with the laws of Colorado without regard to any conflicts of laws principles that would require the laws of any other
jurisdiction to apply. Any action or proceeding by either of the Parties to enforce this Agreement shall be subject to arbitration
according to this Agreement. However, should arbitration not be possible, the Parties agree that any action related to Employee’s
employment or this Agreement may be brought only in any state or federal court located in the state of Denver, Colorado. The Parties
hereby irrevocably submit to the jurisdiction of these courts and waive the defense of inconvenient forum to the maintenance of
any action or proceeding in such venue.

 

13.               
Entire Agreement. Unless specifically
provided herein, this Agreement contains all of the understandings and representations between Employer Group and Employee relating
to the subject matter hereof and supersede all prior and contemporaneous understandings, discussions, agreements, representations,
and warranties, both written and oral, regarding such subject matter; provided, however, that nothing in this Agreement modifies,
supersedes, voids, or otherwise alters Employee's confidentiality, non-competition, non-solicitation or other obligations arising
from any restrictive covenant with Employer Group. Employee's confidentiality, non-competition, non-solicitation or other obligations
arising from any restrictive covenant shall remain in full force and effect.

 

    7 

     

    

 

14.             
Modification
and Waiver. No provision of this Agreement may be amended or modified unless the amendment or modification is agreed
to in writing and signed by the Employee and by the General Counsel of the Employer. No waiver by either Party of any breach by
the other party of any condition or provision of this Agreement to be performed by the other Party shall be deemed a waiver of
any similar or dissimilar provision or condition at the same or any prior or subsequent time, nor shall the failure of or delay
by either of the Parties in exercising any right, power, or privilege under this Agreement operate as a waiver thereof to preclude
any other or further exercise thereof or the exercise of any other such right, power, or privilege.

 

15.             
Severability.
If any provision of this Agreement is found by a court or arbitral authority of competent jurisdiction to be invalid, illegal,
or unenforceable in any respect, or enforceable only if modified, such finding shall not affect the validity of the remainder of
this Agreement, which shall remain in full force and effect and continue to be binding on the Parties.

 

The Parties further agree
that any such court or arbitral authority is expressly authorized to modify any such invalid, illegal, or unenforceable provision
of this Agreement instead of severing the provision from this Agreement in its entirety, whether by rewriting, deleting, or adding
to the offending provision, or by making such other modifications as it deems necessary to carry out the intent and agreement of
the Parties as embodied in this Agreement to the maximum extent permitted by law. Any such modification shall become a part of
and treated as though originally set forth in this Agreement. If such provision or provisions are not modified, this Agreement
shall be construed as if such invalid, illegal, or unenforceable provisions had not been set forth in it. The Parties expressly
agree that this Agreement as so modified by the court or arbitral authority shall be binding on and enforceable against each of
them.

 

16.             
Captions.
Captions and headings of the sections and paragraphs of this Agreement are intended solely for convenience and no provision of
this Agreement is to be construed by reference to the caption or heading of any section or paragraph.

 

17.             
Counterparts.
The Parties may execute this Agreement in counterparts, each of which shall be deemed an original, and all of which taken together
shall constitute one and the same instrument. Delivery of an executed counterpart's signature page of this Agreement by facsimile,
email in portable document format (.pdf), or by any other electronic means intended to preserve the original graphic and pictorial
appearance of a document has the same effect as delivery of an executed original of this Agreement.

 

18.              No Admission of Liability. Nothing
in this Agreement shall be construed as an admission by the Parties of any wrongdoing, liability, or noncompliance with any federal,
state, city, or local rule, ordinance, statute, common law, or other legal obligation. The Parties specifically disclaim and deny
any wrongdoing or liability to each other.

 

    8 

     

    

 

19.             
Notices.
All notices under this Agreement must be given in writing by mail or email delivery to the addresses indicated in this Agreement.
When providing written notice to Employer Group, a copy must be provided to Employer's General Counsel at the address below.

 

Notice to Employer Group:

 

Command Center, Inc.

c/o John D. McAnnar

111 Springhall Drive

Goose Creek, SC 29445

jdmcannar@hirequestllc.com

 

Notice to the Employee:

 

Richard K. Coleman,
Jr. 

 

____________________

 

____________________

 

20.       Section
409A of the Code.

 

A.               
General. This Agreement shall be interpreted and applied in all circumstances in a manner that is consistent with the intent
of the parties that, to the extent applicable, amounts earned and payable pursuant to this Agreement shall constitute short-term
deferrals exempt from the application of Section 409A of the Code and, if not exempt, that amounts earned and payable pursuant
to this Agreement shall not be subject to the premature income recognition or adverse tax provisions of Section 409A of the Code.

 

B.                 Separation
from Service. References in this Agreement to “termination” of Employee’s employment, “resignation”
by Employee from employment and similar terms shall, with respect to such events that will result in payments of compensation
or benefits, mean for such purposes a “separation from service” as defined under Section 409A of the Code.

 

C.                
Specified Executive. In the event any one or more amounts payable under this Agreement constitute a “deferral of compensation”
and become payable on account of the “separation from service” (as determined pursuant to Section 409A of the Code)
of Employee and if as such date Employee is a “specified employee” (as determined pursuant to Section 409A of the Code),
such amounts shall not be paid to Employee before the earlier of (i) the first day of the seventh calendar month beginning after
the date of Employee’s “separation from service” or (ii) the date of Employee’s death following such “separation
from service.” Where there is more than one such amount, each shall be considered a separate payment and all such amounts
that would otherwise be payable prior to the date specified in the preceding sentence shall be accumulated (without interest) and
paid together on the date specified in the preceding sentence.

 

D.               
Separate Payments. For purposes of Section 409A of the Code, each payment or amount due under this Agreement shall be considered
a separate payment, and Employee’s entitlement to a series of payments under this Agreement is to be treated as an entitlement
to a series of separate payments. Any installment payments provided under this agreement shall be treated as a series of separate
payments and to the maximum extent, each separate amount provided for under the Employment Agreement shall be a separately identifiable
and determinable amount.

 

    9 

     

    

 

E.                
Reimbursements. Any reimbursement to which Employee is entitled pursuant to this Agreement that would constitute nonqualified
deferred compensation subject to Section 409A of the Code shall be subject to the following additional rules: (i) no reimbursement
of any such expense shall affect Employee’s right to reimbursement of any other such expense in any other taxable year; (ii)
reimbursement of the expense shall be made, if at all, not later than the end of the calendar year following the calendar year
in which the expense was incurred; (iii) the right to reimbursement shall not be subject to liquidation or exchange for any other
benefit; and (iv) the right to reimbursement of expenses incurred kind shall terminate one year after the end of the Employment
Period.

 

21.       Section
280G of the Code. Notwithstanding anything to the contrary contained herein (or any other agreement entered into by and between
Employee and the Company or any incentive arrangement or plan offered by the Parent or Company), in the event that any amount or
benefit paid or distributed to Employee pursuant to this Agreement, taken together with any amounts or benefits otherwise paid
to Employee by the Parent or Company (collectively, the “Covered Payments”), would constitute an “excess
parachute payment” as defined in Section 280G of the Code, and would thereby subject Employee to an excise tax under
Section 4999 of the Code (an “Excise Tax”), the provisions of this Section 10 shall apply. If the
aggregate present value (as determined for purposes of Section 280G of the Code) of the Covered Payments exceeds the amount
which can be paid to Employee without Employee incurring an Excise Tax, then the amounts payable to Employee under this Agreement
(or any other agreement by and between Employee, the Parent, and/or the Company or pursuant to any incentive arrangement or plan
offered by the Parent or Company) shall be reduced (but not below zero) to the maximum amount which may be paid hereunder without
Employee becoming subject to the Excise Tax (such reduced payments to be referred to as the “Payment Cap”).
In the event Employee receives reduced payments and benefits as a result of application of this Section 10, Employee shall
have the right to designate which of the payments and benefits otherwise set forth herein (or any other agreement between the Parent,
the Company and/or Employee or any incentive arrangement or plan offered by the Parent or Company) shall be received in connection
with the application of the Payment Cap, subject to the following sentence. Reduction shall first be made from payments and benefits
which are determined not to be nonqualified deferred compensation for purposes of Section 409A of the Code, and then shall
be made (to the extent necessary) out of payments and benefits that are subject to Section 409A of the Code and that are due
at the latest future date.

 

22.       No
Guarantee of Tax Consequences. The Board, the Compensation Committee, the Parent, the Company and their Affiliates, officers
and employees make no commitment or guarantee to Employee that any federal, state, local or other tax treatment will apply or be
available to Employee or any other person eligible for compensation or benefits under this Agreement and assume no liability whatsoever
for the tax consequences to Employee or to any other person eligible for compensation or benefits under this Agreement. Employee
shall be solely responsible for determining the tax treatment of any amounts payable herein and paying appropriate taxes to appropriate
authorities.

 

    10 

     

    

 

IN WITNESS WHEREOF, the Parties have executed this Agreement
as of the Execution Date above.

 

	 	
        COMMAND CENTER, INC.

         

	 	
        By: /s/ John D. McAnnar

        Name: John D. McAnnar

        Title: General Counsel

         

	 	 
		
        RICHARD K. COLEMAN, JR.

         

        Signature: /s/ Richard K. Coleman, Jr.

                           Richard K. Coleman, Jr.

         

	 	 

 

11

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