Document:

EX-10.3

 Exhibit 10.3 
  

PERFORMANCE SHARE AWARD 

(RTI International Metals, Inc. 2014 Stock and Incentive Plan) 

THIS PERFORMANCE SHARE AWARD (this “Award”) is granted by RTI International Metals, Inc., an Ohio corporation (the
“Company” or “RTI”), to you (“Recipient”), a director or employee of the Company or one of its subsidiaries, pursuant to the terms and conditions of the RTI International Metals, Inc. 2014 Stock and
Incentive Plan, as amended and/or restated from time to time (the “Plan”), a copy of which has been delivered to you. 
 Name of Recipient:
                                         

Grant Date:                  , 20     

This document shall constitute an “Award Agreement” as that term is defined in the Plan and the Award shall be granted
pursuant to Section 11 of the Plan. In addition to the terms and conditions set forth herein, this Award is subject to and governed by the terms and conditions set forth in the Plan, which is hereby incorporated by reference. Unless the context
otherwise requires, capitalized terms used in this Award and not otherwise defined herein shall have the meanings set forth in the Plan except that the definition of Retirement as provided in the Plan is expressly inapplicable to this Award. In the
event of any conflict between the provisions of this Award and the Plan, this Award shall control. The Company recognizes the value of your continued service and contributions to the Company and has awarded you this Performance Share Award under the
Plan, subject to the terms and conditions set forth in this Award Agreement. 
 1. Performance Share. For the purposes of this Award, a granted
“Performance Share” is an award representing the right to receive a specified number of shares of the Company’s common stock (the “Common Stock”), which right, if earned and payable under this Award, shall be
paid solely in shares of Common Stock. For purposes of this Award, the following terms shall have the following meanings: 
 (a) The
“Cumulative TSR Performance Period” shall mean the three (3) year period from                     , 20    
through                  , 20    . 

(b) The “1st TSR Performance Period” shall mean the one (1) year period from
                 , 20     through                  ,
20    . 
 (c) The “2nd TSR Performance Period” shall mean the one (1) year period from
                 , 20     through                  ,
20    . 
 (d) The “3rd TSR Performance Period” shall mean the one (1) year period from
                 , 20     through                  ,
20    . 
 (e) The term “TSR Performance Period” shall refer to each of the Cumulative TSR Performance
Period, 1st TSR Performance Period, 2nd TSR Performance Period and 3rd TSR Performance
Period, and the term “TSR Performance Periods” shall refer to each of these in the collective. 
 (f) The term “1st EPS Performance Period” shall refer to the two (2) year period from                  ,
20     through                  , 20    . 

(g) The term “2nd EPS Performance Period” shall refer to the one
(1) year period from                  , 20     through             
    , 20    . 
 (h) The term “EPS Performance Period” shall refer to each of the 1st EPS Performance Period and the 2nd EPS Performance Period, and the term “EPS Performance Periods” shall refer to each of these
in the collective. 
 (i) The term “Performance Period” shall refer to the three (3) year period from
                 , 20     through                  ,
20     
 2. Grant of Performance Share Award. The Company hereby grants to Recipient an award of
                     Performance Shares under the Plan (the “Target Award”), which shall be subject to a maximum number of
Performance Shares allowable under this Award of 200% of the Target Award (the “Maximum Award”), to ultimately be determined and earned, if at all, in accordance with Section 3 below. 

  
 RTI International Metals, Inc.
Performance Share Award 2015 

 3. Determination of Shares Earned. Subject to Section 6 below, the Company shall deliver to Recipient
one (1) share of Common Stock for each whole Performance Share that is earned based upon the level of success achieved during the TSR Performance Periods and EPS Performance Periods relative to the following performance goals established by the
Compensation Committee of the RTI Board of Directors: 
 (a) Total Shareholder Return Metric. Fifty percent (50%) of your
potential Target Award is based on Company Total Shareholder Return, or “TSR”, achieved during each TSR Performance Period. Recipient will have the ability to earn one-quarter ( 1⁄4) of the TSR Metric Target Award in each of the 1st TSR Performance Period, 2nd TSR Performance Period, 3rd TSR Performance Period, and for the Cumulative TSR Performance Period. The calculation of TSR performance shares earned for each TSR Performance Period shall be determined as follows: 

 

			
	 If Total Shareholder Return (“TSR”) for each TSR Performance Period
is:
	  	Performance Shares earned
as a percentage of Target
Award will be(1):
	 less than the 30th percentile of the Peer Group TSR
	  	0%
	 greater than or equal to the 30th percentile but less than the 50th percentile of the Peer Group TSR
	  	50.00% to 99.99% A
	 equal to the 50th percentile of the Peer Group TSR
	  	100.00% (Target Award)
	 greater than the 50th percentile but less than the 75th percentile of the Peer Group TSR
	  	100.00% to 199.99% B
	 greater than or equal to the 75th percentile of the Peer Group TSR
	  	200.00%
 (Maximum Award)

  

	A 	In the event TSR equals or exceeds the 30th percentile but not the 50th percentile of the Peer Group Index, the Performance Shares earned as a percentage of the Target
Award(1) will be computed by adding 50% to a percentage determined as follows: (A)(i) TSR percentile less 30% divided by (ii) 20%; multiplied by (B) 50%. 

	B 	In the event TSR exceeds the 50th percentile but not the 75th percentile of the Peer Group Index, the Performance Shares earned as a percentage of the Target Award(1)
will be computed by adding 100% to a percentage determined as follows: (A)(i) TSR percentile less 50% divided by (ii) 25%; multiplied by (B) 100%. 

	(1)	TSR Metric represents one-half (1/2) of the Target Award opportunity, and one-quarter ( 1⁄4) of the TSR Target Award may be
earned in each TSR Performance Period. 

 (b) TSR Definition. Total Shareholder Return is defined as the share price
appreciation of the Company’s Common Stock plus dividends accrued, as measured during each TSR Performance Period. The starting and ending points for calculating TSR are the average closing stock price of the Common Stock for the twenty
(20) trading days prior to the start or end date of each TSR Performance Period, as applicable. The Peer Group utilized for comparative purposes under the Award is as established by the Company’s Compensation Committee or other
Administrator (as defined in the Plan) of the Plan (hereinafter, the “Compensation Committee”) at the Grant Date, is set forth on Annex A attached hereto, and may be subject to change from time-to-time as discussed in
Section 9 below. 
 By way of example to illustrate the calculation of Performance Shares earned under the TSR Metric of this Award,
assuming that: 
  

							
	 1st TSR Performance

Period = 45th percentile
	 	 2nd TSR Performance

Period = 50th percentile
	 	 3rd TSR Performance

Period = 70th percentile
	 	Cumulative TSR Performance Period = 55th percentile

 a Target Award of 100 shares of Common Stock (50 target shares attributable to the TSR award) would result in
Recipient earning the right to receive the following earned shares of Common Stock, as it relates to the TSR Metric for each of the TSR Performance Periods: 
  

									
	 Applicable TSR Performance Period
	  	Shares Earned(1)	 	  	Calculation of Shares Earned	 
	 1st TSR Performance Period:
	  	 	10	  	  	 	 1⁄4 of 50 shares * 87.5	% 
	 2nd TSR Performance Period:
	  	 	12	  	  	 	 1⁄4 of 50 shares * 100	% 
	 3rd TSR Performance Period:
	  	 	22	  	  	 	 1⁄4 of 50 shares * 180	% 
	 Cumulative TSR Performance Period:
	  	 	15	  	  	 	 1⁄4 of 50 shares * 120	% 
		  	  
	  
	 	  			
	 Total:
		 	59	  				
		  	  
	  
	 	  			

  

	(1)	All fractional shares are rounded down 

  
 RTI International Metals, Inc.
Performance Share Award 2015 
  
 2 

 These amounts are calculated as follows: 

 

			
	 Target Award:
	  	100 shares
	 50% of Target Award for TSR Metric:
	  	50 shares
	 Shares to be Received for all TSR Performance Periods:
	  	59 shares (118% of Target)

 Performance Shares Earned as Percentage of Target Award for
1st TSR Performance Period: 
 (((45% - 30%) / 20%) * 50%) + 50% = 87.5% 

87.5% * (1/4 * 50 shares) = 10.9375 shares 

Performance Shares Earned as Percentage of Target Award for 2nd TSR Performance
Period: 
 50th Percentile = 100% (Target Award) 

100% * (1/4 * 50 shares) = 12.5 shares 

Performance Shares Earned as Percentage of Target Award for 3rd TSR Performance
Period: 
 (((70% - 50%) / 25%) * 100%) + 100% = 180% 

180% * (1/4 * 50 shares) = 22.5 shares 

Performance Shares Earned as Percentage of Target Award for Cumulative TSR Performance Period: 

(((55% - 50%) / 25%) * 100%) + 100% = 120% 

120% * (1/4 * 50 shares) = 15 shares 

(c) EPS Metric. Fifty percent (50%) of your potential Target Award is based on Company year-over-year earnings per share from
continuing operations (“EPS”) growth (“EPS Growth”), using the average growth in years one and two, and a stand-alone growth determination for year three. Recipient will have the ability to earn one-half ( 1⁄2) of the EPS Metric Target Award based on the average EPS Growth over the First EPS Performance Period and one-half
( 1⁄2) of the EPS Metric Target Award based on the EPS Growth over the Second EPS Performance Period. The calculation of EPS Growth for each EPS Performance
Period shall be determined as follows: 
  

			
	 If EPS Growth for each EPS Performance Period
is(1):
	  	Performance Shares
earned for as a
percentage of Target
Award will
be(1):
	 less than 5% over the prior year
	  	0%
	 greater than or equal to 5% and less than 15% over the prior year
	  	50.00% to 99.99% A
	 equal to 15% over the prior year
	  	100.00% (Target Award)
	 greater than 15% but less than 25% over the prior year
	  	100.00% to 199.99% B
	 greater than or equal to 25% over the prior year
	  	200.00%
 (Maximum Award)

  

	A 	In the event that EPS Growth in any EPS Performance Period is greater than or equal to 5% and less than 15% over the prior period the Performance Shares earned as a percentage of the Target Award(1) will be computed by adding 50% to a percentage determined as follows: (i) EPS Growth less 5% multiplied by (ii) five. 

	B 	In the event that EPS Growth in any EPS Performance Period is greater than 15% but less than 25% over the prior period, the Performance Shares earned as a percentage of the Target Award(1) will be computed as follows: (i) EPS Growth less 5% multiplied by (ii) ten. 

	(1)	EPS Metric represents one-half ( 1⁄2) of the Target Award opportunity; and one-half
( 1⁄2) of the EPS Target Award may be earned in each of the two EPS Performance Periods. 

(d) EPS Growth Determination. EPS for each EPS Performance Period (with years one and two being averaged together for the 1st EPS Performance Period) will be computed by dividing net income (loss) from continuing operations by the weighted-average of all potentially dilutive shares of Company Common Stock that were
outstanding during the periods 

  
 RTI International Metals, Inc.
Performance Share Award 2015 
  
 3 

 
presented, as reflected in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission. EPS reported for the year prior to the first year of the 1st EPS Performance Period serves as the basis for ascertaining EPS Growth for the first year of the 1st EPS Performance Period; EPS reported for the
first year of the 1st EPS Performance Period will serve as the basis for ascertaining EPS Growth in the second year of the 1st EPS Performance
Period, etc. 
 By way of example to illustrate the calculation of Performance Shares earned under the EPS Metric of this Award, assuming
that: 
  

							
	2014 EPS = $0.99	 	2015 EPS = $1.04	 	2016 EPS = $1.20	 	2017 EPS = $1.44

 a Target Award of 100 shares of Common Stock (50 target shares attributable to the EPS award) would result in
Recipient earning the right to receive the following earned shares of Common Stock, as it relates to the EPS Metric for each of the EPS Performance Periods: 
  

									
	 Applicable EPS Performance Period
	  	Shares Earned(1)	 	  	Calculation of Shares Earned	 
	 1st EPS Performance Period:
	  	 	18	  	  	 	 1⁄2 of 50 shares * 75	% 
	 2nd EPS Performance Period:
	  	 	37	  	  	 	 1⁄2 of 50 shares * 150	% 
		  	  
	  
	 	  			
	 Total:
	  	 	55	  	  			
		  	  
	  
	 	  			

  

	(1)	All fractional shares are rounded down 

 These amounts are calculated as follows: 

 

			
	 Target Award:
	  	100 shares
	 50% of Target Award for EPS Metric:
	  	50 shares
	 Shares to be Received for all EPS Performance Periods:
	  	55 shares (110% of Target)

 Performance Shares Earned as Percentage of Target Award for
1st EPS Performance Period: 
 Year One (2015) EPS Growth = $0.99 to $1.04 =
5% growth 
 Year Two (2016) EPS Growth = $1.04 to $1.20 = 15% growth 

Average of years one and two growth = 5% + 15% = 20% / 2 = 10% growth 

((10% - 5%) * 5) + 50% = 75% 

75% * ( 1⁄2 * 50 shares) = 18.75 shares 

Performance Shares Earned as Percentage of Target Award for 2nd EPS Performance
Period: 
 Year Three (2016) EPS Growth = $1.20 to $1.44 = 20% growth 

((20% - 5%) * 10) = 150% 
 150% *
( 1⁄2 * 50 shares) = 37.50 shares 
 When
combined with the TSR Metric, Recipient would be entitled, under the illustrative 
 examples set forth above, to receive a total of
one hundred fourteen (114) shares of 
 Common Stock pursuant to this Award. 

4. Delivery of Shares. After completion of each TSR Performance Period and EPS Performance Period, the Compensation Committee shall certify in writing
the extent to which the performance goals and other material terms, as set forth herein, have been achieved and such certification shall be controlling for all purposes. Except as otherwise specifically provided under the terms of this Award,
notwithstanding that a percentage of Shares may be earned at the end of a TSR Performance Period pursuant to the TSR Metric or at the end of an EPS Performance Period pursuant to the EPS Metric, Recipient must be employed at the Company at the end
of the Performance Period to be entitled to receive any Shares pursuant to this Award. Except as otherwise provided in Section 6, the Company shall cause a stock certificate representing shares of Common Stock (or commensurate book entry as
determined by the Company) equal to the number of Performance Shares earned (net of any Performance Shares applied pursuant to Section 11 below) and determined under Section 3 to be issued to Recipient in the calendar year immediately
following the end of the Performance Period. 

  
 RTI International Metals, Inc.
Performance Share Award 2015 
  
 4 

 5. Limitation of Rights; Dividend Equivalents. Prior to the receipt of shares of Common Stock as outlined
in Section 3 above, Recipient shall not have (i) any right to transfer any rights under the Performance Shares except as permitted by Section 8 below, (ii) any rights of ownership of the shares of Common Stock subject to the
Performance Shares before the issuance of such shares, (iii) any right to vote such shares, or (iv) the right to receive any cash dividends paid on shares underlying Performance Shares if and when cash dividends are paid to shareholders of
the Company. 
 6. Forfeiture; Proration; Recoupment. Unless otherwise set forth below or otherwise determined by the Compensation Committee, all
outstanding Awards shall be forfeited immediately if a Recipient Separates from Service for any reason during the Performance Period. 
  

	 	(a)	Death. In the event Recipient Separates from Service on account of death during the Performance Period, Recipient shall be entitled to (i) any Performance Shares earned attributable to all completed
Performance Periods, (ii) Performance Shares for any uncompleted EPS Performance Periods at the target level, and (iii) a Prorated (as defined below) portion of the Performance Shares earned with respect to the TSR metric based on the
Company’s actual performance calculated as if any uncompleted TSR Performance Periods had been completed on the date of death. Subject to the provisions of Section 17 of this Award Agreement, any payouts pursuant to a Recipient’s
death shall be paid to Recipient’s estate as soon as practicable following Recipient’s death or the end of the Performance Period. 

  

	 	(b)	Disability. In the event that Recipient Separates from Service during the Performance Period on account of Disability, Recipient shall be entitled to any Performance Shares earned attributable to all completed
Performance Periods and a Prorated (as defined below) portion of the Performance Shares earned as calculated following the end of the Performance Period for any uncompleted Performance Periods. Any payouts following Recipient’s Disability shall
be made on the same schedule as payouts pursuant to Section 4 above. 

  

	 	(c)	Retirement. In the event that Recipient Separates from Service during the Performance Period on account of Retirement (as defined in this Award), Recipient shall be entitled to any Performance Shares earned
attributable to all completed Performance Periods and a Prorated (as defined below) portion of the Performance Shares earned as calculated following the end of the Performance Period for any uncompleted Performance Periods. Any payouts following
Recipient’s Retirement (as defined in this Award) shall be made on the same schedule as payouts pursuant to Section 4 above. For the purposes of this Award, the term “Retirement” means termination of employment from the Company
or its Affiliates (other than for Cause) on or after (i) attainment of age sixty-five (65), (ii) attainment of age sixty-two (62) and completion of fifteen (15) years of continuous service with the Company and its Affiliates, or
(iii) completion of at least thirty (30) years of continuous service with the Company and its Affiliates prior to reaching the age of sixty-two (62). 

  

	 	(d)	Other Termination. Except as otherwise specifically provided under the terms of this Award or pursuant to any other employment agreement or policy of the Company, in the event Recipient Separates from Service for
any other reason (other than on account of death, Disability or Retirement (as defined in this Award)) prior to the end of the Performance Period, all Performance Shares granted to Recipient shall be cancelled and forfeited, whether payable or not,
without payment by the Company. In the event that Recipient Separates from Service during the Performance Period and the Compensation Committee determines that the Award should not be forfeited, Recipient shall be entitled to any Performance Shares
earned attributable to all completed Performance Periods and a Prorated (as defined below) portion of the Performance Shares earned as calculated following the end of the Performance Period for any uncompleted Performance Periods. Any payouts
following Recipient’s Separation from Service shall be made on the same schedule as payouts pursuant to Section 4 above. The Compensation Committee may cause the immediate forfeiture of Awards after Recipient Separates from Service if the
Committee deems such forfeiture to be in the best interests of the Company. Any and all forfeitures of Awards shall be evidenced by written notice to the Recipient. 

 

	 	(e)	Definition of Prorated. For the purposes of this Award, the term “Prorated” shall mean the manner in which a payout is calculated based on the ratio of the number of complete months Recipient is
employed or serves during the Performance Period to the total number of months in the Performance Period. 

  
 RTI International Metals, Inc.
Performance Share Award 2015 
  
 5 

	 	(f)	Change in Control. Except as otherwise specifically provided under the terms of this Award or pursuant to any other employment agreement or policy of the Company that would supersede the terms herein, if there
shall occur a Change of Control during the Performance Period resulting in the termination of the Award as contemplated by Section 21(c)(ii) of the Plan or Recipient’s termination as contemplated under Section 21(c)(iii) of the Plan,
then, notwithstanding any provision in the Plan that addresses the calculation of payments upon a Change in Control, Recipient shall thereafter be eligible to receive any Performance Shares earned attributable to all completed Performance Periods
and a cash payment for any unearned Performance Shares based on the achievement of the performance goals for uncompleted Performance Periods measured through the date of the Change in Control (in the case of a scenario as described by
Section 21(c)(ii) of the Plan) or the date of termination (in the case of a scenario as described by Section 21(c)(iii) of the Plan), and (ii) calculated at the greater of (A) 100% of the Target Award for each of the TSR Metric
and EPS Metric, or (B) the Company’s actual performance over the abbreviated Performance Period; provided, however, that notwithstanding anything to the contrary in the Plan, the number of Performance Shares earned shall be based solely on
actual performance for any TSR Performance Period and/or EPS Performance Period within any specific TSR Performance Period or EPS Performance Period that was completed prior to the triggering event resulting in payment under this Section. Except as
otherwise specifically provided hereunder or pursuant to any other employment agreement or policy of the Company, to the extent earned and payable, the Performance shares shall be paid as soon as practicable thereafter, but in no event later than
the last day of the “applicable 2 1⁄2 month period” specified in Treas. Reg. §1.409A-1(b)(4). 

 

	 	(g)	The Recipient further agrees, as a condition to acceptance of this Award, that these Performance Shares, as well as any other incentive award previously granted to Recipient by the Company, may be subject to
recoupment by the Company under the provisions of any other forfeiture or clawback policy that has been or may be adopted by the Company in the future, or as required by any applicable laws then in effect. 

7. Nontransferability. Except as otherwise provided in the Plan, the Performance Shares shall not be sold, pledged, assigned, hypothecated, transferred
or disposed of (a “Transfer”) in any manner, other than by will or the laws of descent and distribution. Any attempt to Transfer the Performance Shares in violation of this paragraph or the Plan shall render this Award null and
void. 
 8. Adjustments. The number of shares of Common Stock covered by the Performance Shares shall be adjusted as set forth in Section 21(a)
of the Plan to reflect dividends or other distributions, recapitalizations, stock splits, reverse stock splits, reorganizations, mergers, consolidations, split-ups, spin-offs, combinations, repurchases or exchanges. 

9. Peer Group Adjustments. The following adjustments shall be made to the Peer Group for the TSR Metric during the Performance Period: 

 

	 	(a)	If a member of the Peer Group is acquired by another company, the acquired Peer Group company will be removed from the Peer Group for the entire Performance Period. 

 

	 	(b)	If a member of the Peer Group sells, spins-off, or disposes of a portion of its business, then such Peer Group company will remain in the Peer Group for the Performance Period unless such disposition(s) results in the
disposition of more than 50% of such company’s total assets during the Performance Period. 

  

	 	(c)	If a member of the Peer Group acquires another company, the acquiring Peer Group company will remain in the Peer Group for the Performance Period. 

 

	 	(d)	If a member of the Peer Group is delisted on all major stock exchanges, such delisted company will be removed from the Peer Group for the entire Performance Period. 

 

	 	(e)	If the Company and/or any member of the Peer Group split its stock or declare a distribution of shares, such company’s TSR performance will be adjusted for the stock split or share distribution so as not to give an
advantage or disadvantage to such company by comparison to the other companies. 

  

	 	(f)	Members of the Peer Group that file for bankruptcy, liquidation or reorganization during the Performance Period will remain in the Peer Group positioned below the lowest performing non-bankrupt member of the Peer Group
in reverse chronological order by bankruptcy date. 

 In addition, the Compensation Committee shall have the authority to make other
appropriate adjustments in response to a change in circumstances that results in a member of the Peer Group no longer satisfying the criteria for which such member was originally selected. 

10. Fractional Shares. The Company shall not be required to issue any fractional Shares pursuant to this Award, and the Compensation Committee shall
round fractions down. 

  
 RTI International Metals, Inc.
Performance Share Award 2015 
  
 6 

 11. Withholding. Recipient shall pay all applicable federal, state and local income and employment taxes
(including taxes of any foreign jurisdiction) which the Company is required to withhold at any time with respect to the Performance Shares. The Company shall not withhold any amount above the applicable minimum statutory withholding requirement.
Such payment shall be made in full, at Recipient’s election, in cash or check, or by the tender of previously acquired shares of Common Stock (including Performance Shares then earned and immediately deliverable under this Award). Performance
Shares tendered as payment of required withholding shall be valued at the closing price per share of the Company’s Common Stock on the date such withholding obligation arises. 

12. No Continued Rights; Rights Unsecured. The granting of this Award shall not give Recipient any rights to similar grants in future years or any
right to continuance of employment or other service with the Company or any one of its subsidiaries, nor shall it interfere in any way with any right that the Company or its Affiliates would otherwise have to terminate Recipient’s employment or
other service at any time, or the right of Recipient to terminate his or her services at any time. The Company shall remain the owner of all Performance Shares and Recipient shall have only the Company’s unfunded, unsecured promise to pay
pursuant to the terms of this Award. The rights of Recipient hereunder shall be that of an unsecured general creditor of the Company and Recipient shall not have any security interest in any assets of the Company. 

13. Severability. If any term, provision, covenant or restriction contained in the Award is held by a court or a federal regulatory agency of competent
jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions contained in the Award shall remain in full force and effect, and shall in no way be affected, impaired or invalidated. 

14. Controlling Law. The validity, construction and effect of this Award will be determined in accordance with the internal laws of the State of Ohio
without giving effect to the conflict of laws. Recipient and the Company hereby irrevocably submit to the exclusive concurrent jurisdiction of the courts of the State of Ohio. Recipient and the Company also both irrevocably waive, to the fullest
extent permitted by applicable law, any objection either may now or hereafter have to the laying of venue of any such dispute brought in such court or any defense of inconvenient forum for the maintenance of such dispute. 

15. Entire Agreement. The Award contains the entire understanding between the parties and supersedes any prior understanding and agreements between
them representing the subject matter hereof with respect to this Award, except that this Award shall be subject to the terms and conditions set forth in any employment agreement between Recipient and Company. There are no other representations,
agreements, arrangements or understandings, oral or written, between and among the parties hereto relating to the subject matter hereof which are not fully expressed herein. Section and other headings contained in this Award are for reference
purposes only and are in no way intended to describe, interpret, define or limit the scope, extent or intent of the Award or any provision hereof. 
 16.
Limitation of Actions. Any lawsuit with respect to any matter arising out of or relating to this Award must be filed no later than one (1) year after the date that a denial of any claim hereunder is made or any earlier date that the
claim otherwise accrues. 
 17. Section 409A of the Code. This Award is intended to be comply with Section 409A of the Code and the
regulations promulgated thereunder (“Section 409A”) or an exception thereto and shall be administered, interpreted and construed accordingly. To the extent a payment is subject to Section 409A and not excepted therefrom, such
payment shall be treated as made on the specified date of payment if such payment is made at such date or a later date in the same calendar year or, if later, by the 15th day of the third calendar month following the specified date of payment, as
provided and in accordance with Treas. Reg. § 1.409A-3(d). Recipient shall have no right to designate the date of any payment under this Award. Notwithstanding any other provision of this Award to the contrary, if Recipient is a Specified
Employee and a payment is to be made to Recipient on account of a Separation from Service, such payment shall be delayed for a period of six (6) months and shall be paid in the month following the month containing the 6-month anniversary of the
date of such Separation from Service (or, if earlier, the death of the Recipient). The Company may, in its sole discretion and without Recipient’s consent, modify or amend the terms of this Award, impose conditions on the timing and
effectiveness of the issuance of the Performance Shares, or take any other action it deems necessary to cause this Award to comply with Section 409A or an exception thereto. Notwithstanding, Recipient recognizes and acknowledges that
Section 409A of the Code may affect the timing and recognition of payments due hereunder, and may impose upon the Recipient certain taxes or other charges for which the Recipient is and shall remain solely responsible. 

  
 RTI International Metals, Inc.
Performance Share Award 2015 
  
 7 

 BY YOUR SIGNATURE and the signature of the Authorized Officer below, you and the Company agree
that this Award is granted under and governed by the terms and conditions of RTI International Metals, Inc.’s 2014 Stock and Incentive Plan, as amended and/or restated from time to time, and the terms and conditions contained herein, as well as
such administrative regulations as the Compensation Committee may adopt from time to time. 
  

									
	RTI International Metals, Inc.	 		 	Accepted as of the above date:
					
	By	 	  
	 		 	By:	 	  

		 	Authorized Officer	 		 		 	Signature of Recipient

  
 RTI International Metals, Inc.
Performance Share Award 2015 
  
 8 

 ANNEX A – Peer Group 

The “Peer Group TSR” for the Performance Period shall be the average equity share price appreciation plus dividends accrued, as measured
during the Performance Period, of each member of the Peer Group (set forth below). 
 The following sets forth the list of companies included in
establishing the Peer Group for purposes of establishing the award thresholds for the Performance Period, as approved by the Compensation Committee as of or prior to the date of grant of this Award and subject to adjustment pursuant to
Section 9: 
 [Peer Group Listing] 

*    *    * 

  
 9Exhibit 10.1

 

EVENT CARDIO GROUP, INC.

2015 EQUITY INCENTIVE PLAN

 

1. Purposes of the Plan.

 

The purposes
of this Equity Incentive Plan are to attract and retain the best available personnel, to provide additional incentive to Employees,
Directors and Consultants and to promote the success of the Company's business.

 

2. Definitions.

 

As used herein, the following definitions shall
apply:

 

	(a)		"Administrator" means the Board or any Committee appointed to administer
the Plan.

	(b)		"Affiliate" and "Associate" shall have the respective meanings
ascribed to such terms in Rule 12b-2 promulgated under the Exchange Act.

	(c)		"Applicable Laws" means the legal requirements relating to the administration
of stock incentive plans, if any, under applicable provisions of federal securities laws, state corporate and securities laws,
the Code, the rules of any applicable stock exchange or national market system, and the rules of any foreign jurisdiction applicable
to Awards granted to residents therein.

	(d)		"Award" means the grant of an Option, SAR, Dividend Equivalent Right, Restricted
Stock, Performance Unit, Performance Share, or other right or benefit under the Plan.

	(e)		"Award Agreement" means the written agreement evidencing the grant of an
Award executed by the Company and the Grantee, including any amendments thereto.

	(f)		"Board" means the Board of Directors of the Company.

	(g)		"Cause" means, with respect to the termination by the Company or a Related
Entity of the Grantee's Continuous Service, that such termination is for "Cause" as such term is expressly defined in
a then-effective written agreement between the Grantee and the Company or such Related Entity, or in the absence of such then-effective
written agreement and definition, is based on, in the determination of the Administrator, the Grantee's:

	(i)		refusal or failure to act in accordance with any specific, lawful direction or order
of the Company or a Related Entity;

	(ii)		unfitness or unavailability for service or unsatisfactory performance (other than
as a result of Disability);

	(iii)		performance of any act or failure to perform any act, in bad faith and to the detriment
of the Company or a Related Entity;

	(iv)		dishonesty, intentional misconduct or material breach of any agreement with the Company
or a Related Entity; or

	(v)		commission of a crime involving dishonesty, breach of trust, or physical or emotional
harm to any person.

	(h)		"Code" means the Internal Revenue Code of 1986, as amended.

	(i)		"Committee" means any committee appointed by the Board to administer the
Plan.

	(j)		"Common Stock" means the common stock of the Company.

	(k)		"Company" means Event Cardio Group Inc., a Nevada corporation.

	(l)		"Consultant" means any person (other than an Employee or a Director, solely
with respect to rendering services in such person's capacity as a Director) who is engaged by the Company or any Related Entity
to render consulting or advisory services to the Company or such Related Entity.

    	 	1	 

    	 

    
	(m)		"Continuous Service" means that the provision of services to the Company
or a Related Entity in any capacity of Employee, Director or Consultant, is not interrupted or terminated. Continuous Service
shall not be considered interrupted in the case of (i) any leave of absence approved by the Company or Related Entity, (ii) transfers
between locations of the Company or among the Company, any Related Entity, or any successor, in any capacity of Employee, Director
or Consultant, or (iii) any change in status as long as the individual remains in the service of the Company or a Related Entity
in any capacity of Employee, Director or Consultant (except as otherwise provided in the Award Agreement). For purposes of Incentive
Stock Options, no such approved leave of absence may exceed ninety (90) days, unless re-employment upon expiration of such leave
is guaranteed by statute or contract.

	(n)		"Corporate Transaction" means any of the following transactions:

	(i)		a merger or consolidation in which the Company is not the surviving entity, except
for a transaction the principal purpose of which is to change the state in which the Company is incorporated;

	(ii)		the sale, transfer or other disposition of all or substantially all of the assets
of the Company (including the capital stock of the Company's subsidiary corporations) in connection with the complete liquidation
or dissolution of the Company;

	(iii)		any reverse merger in which the Company is the surviving entity but in which securities
possessing more than eighty percent (80%) 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 merger; or

	(iv)		an acquisition 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 of the Exchange Act) of
securities possessing more than eighty percent (80%) of the total combined voting power of the Company's outstanding securities,
but excluding any such transaction that the Administrator determines shall not be a Corporate Transaction.

	(o)		"Director" means a member of the Board or the board of directors of any
Related Entity.

	(p)		"Disability" means that a Grantee is permanently unable to carry out the
responsibilities and functions of the position held by the Grantee by reason of any medically determinable physical or mental
impairment. A Grantee will not be considered to have incurred a Disability unless he or she furnishes proof of such impairment
sufficient to satisfy the Administrator in its discretion.

	(q)		"Dividend Equivalent Right" means a right entitling the Grantee to compensation
measured by dividends paid with respect to Common Stock.

	(r)		"Employee" means any person, including an Officer or Director, who is an
employee of the Company or any Related Entity. The payment of a director's fee by the Company or a Related Entity shall not be
sufficient to constitute "employment" by the Company.

	(s)		"Exchange Act" means the Securities Exchange Act of 1934, as amended.

	(t)		"Fair Market Value" means, as of any date, the value of Common Stock determined
as follows:

	(i)		Where there exists a public market for the Common Stock, the Fair Market Value shall
be (A) the closing price for a Share for the last market trading day prior to the time of the determination (or, if no closing
price was reported on that date, on the last trading date on which a closing price was reported) on the stock exchange or national
market system determined by the Administrator to be the primary market for the Common Stock, or (B) if the Common Stock is not
traded on any such exchange or national market system, the average of the closing bid and asked prices of a share on the OTC Bulletin
Board or other inter-dealer quotation service for the day prior to the time of the determination (or, if no such prices were reported
on that date, on the last date on which such prices were reported), in each case, as reported in The Wall Street Journal or such
other source as the Administrator deems reliable; or (ii) in the absence of an established market for the Common Stock of the
type described in subparagraph (i), above, the Fair Market Value shall be determined by the Administrator in good faith.

    	 	2	 

    	 

    
	(u)		"Grantee" means an Employee, Director or Consultant who receives an Award
pursuant to an Award Agreement under the Plan.

	(v)		"Incentive Stock Option" means an Option intended to qualify as an incentive
stock option within the meaning of Section 422 of the Code.

	(w)		"Non-Qualified Stock Option" means an Option not intended to qualify as
an Incentive Stock Option.

	(x)		"Officer" means a person who is an officer of the Company or a Related Entity
within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder.

	(y)		"Option" means an option to purchase Shares pursuant to an Award Agreement
granted under the Plan.

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

	(aa)		"Performance Shares" means Shares or an Award denominated in Shares which
may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

	(bb)		"Performance Units" means an Award which may be earned in whole or in part
upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities
or a combination of cash, Shares or other securities as established by the Administrator.

	(cc)		"Plan" means this 2015 Equity Incentive Plan.

	(dd)		"Related Entity" means any Parent, Subsidiary and any business, corporation,
partnership, limited liability company or other entity in which the Company, a Parent or a Subsidiary holds a substantial ownership
interest, directly or indirectly.

	(ee)		"Restricted Stock" means Shares issued under the Plan to the Grantee for
such consideration, if any, and subject to such restrictions on transfer, rights of first refusal, repurchase provisions, forfeiture
provisions, and other terms and conditions as established by the Administrator.

	(ff)		"Rule 16b-3" means Rule 16b-3 promulgated under the Exchange Act or any
successor thereto.

	(gg)		"SAR" means a stock appreciation right entitling the Grantee to Shares or
cash compensation, as established by the Administrator, measured by appreciation in the value of Common Stock.

	(hh)		"Share" means a share of the Common Stock.

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

	(jj)		"Related Entity Disposition" means the sale, distribution or other disposition
by the Company of all or substantially all of the Company's interests in any Related Entity effected by a sale, merger or consolidation
or other transaction involving that Related Entity or the sale of all or substantially all of the assets of that Related Entity.

 

3. Stock Subject to the Plan.

 

	(a)		Subject to the provisions of Section 10, below, the maximum aggregate number of Shares
which may be issued pursuant to all Awards (including Incentive Stock Options) is 10,000,000 Shares. The Shares to be issued pursuant
to Awards may be authorized, but unissued, or reacquired Common Stock.

	(b)		Any Shares covered by an Award (or portion of an Award) which is forfeited or canceled,
expires or is settled in cash, shall be deemed not to have been issued for purposes of determining the maximum aggregate number
of Shares which may be issued under the Plan. If any unissued Shares are retained by the Company upon exercise of an Award in
order to satisfy the exercise price for such Award or any withholding taxes due with respect to such Award, such retained Shares
subject to such Award shall become available for future issuance under the Plan (unless the Plan has terminated). Shares that
actually have been issued under the Plan pursuant to an Award shall not be returned to the Plan and shall not become available
for future issuance under the Plan, except that if unvested Shares are forfeited, or repurchased by the Company at their original
purchase price, such Shares shall become available for future grant under the Plan.

    	 	3	 

    	 

    

4. Administration of the Plan.

 

	(a)		Plan Administrator.

	(i)		Administration with Respect to Directors and Officers. With respect to grants of Awards
to Directors or Employees who are also Officers or Directors of the Company, the Plan shall be administered by  (A)
the Board or (B) a Committee designated by the Board, which Committee shall be constituted in such a manner as to satisfy the
Applicable Laws and to permit such grants and related transactions under the Plan to be exempt from Section 16(b) of the Exchange
Act in accordance with Rule 16b-3. Once appointed, such Committee shall continue to serve in its designated capacity until otherwise
directed by the Board.

	(ii)		Administration With Respect to Consultants and Other Employees. With respect to grants
of Awards to Employees or Consultants who are neither Directors nor Officers of the Company, the Plan shall be administered by
(A) the Board or (B) a Committee designated by the Board, which Committee shall be constituted in such a manner as to satisfy
the Applicable Laws. Once appointed, such Committee shall continue to serve in its designated capacity until otherwise directed
by the Board. The Board may authorize one or more Officers to grant such Awards and may limit such authority as the Board determines
from time to time. Except for the power to amend the Plan as provided in Section 13 and except for determinations regarding Employees
who are subject to Section 16 of the Exchange Act or certain key Employees who are, or may become, as determined by the Board
or the Committee, subject to Section 162(m) of the Code compensation deductibility limit, and except as may otherwise be required
under applicable stock exchange rules, the Board or the Committee may delegate any or all of its duties, powers and authority
under the Plan pursuant to such conditions or limitations as the Board of the Committee may establish to any Officer or Officers
of the Company

	(iii)		Administration Errors. In the event an Award is granted in a manner inconsistent with
the provisions of this subsection, such Award shall be presumptively valid as of its grant date to the extent permitted by Applicable
Laws.

	(b)		Powers of the Administrator. Subject to Applicable Laws and the provisions of the
Plan (including any other powers given to the Administrator hereunder), and except as otherwise provided by the Board, the Administrator
shall have the authority, in its discretion:

	(i)		to select the Employees, Directors and Consultants to whom Awards may be granted from
time to time hereunder;

	(ii)		to determine whether and to what extent Awards are granted hereunder;

	(iii)		to determine the number of Shares or the amount of other consideration to be covered
by each Award granted hereunder;

	(iv)		to approve forms of Award Agreements for use under the Plan;

	(v)		to determine the terms and conditions of any Award granted hereunder;

	(vi)		to amend the terms of any outstanding Award granted under the Plan, provided that
any amendment that would adversely affect the Grantee's rights under an outstanding Award shall not be made without the Grantee's
written consent;

	(vii)		to construe and interpret the terms of the Plan and Awards granted pursuant to the
Plan, including without limitation, any notice of Award or Award Agreement, granted pursuant to the Plan;

	(viii)		to establish additional terms, conditions, rules or procedures to accommodate the
rules or laws of applicable foreign jurisdictions and to afford Grantees favorable treatment under such laws;       provided,
however, that no Award shall be granted under any such additional terms, conditions, rules or procedures with terms or conditions
which are inconsistent with the provisions of the Plan; and

	(ix)		to take such other action, not inconsistent with the terms of the Plan, as the Administrator
deems appropriate.

	(c)		Effect of Administrator's Decision. All decisions, determinations and interpretations
of the Administrator shall be conclusive and binding on all persons.

    	 	4	 

    	 

    

5. Eligibility, Awards other than Incentive
Stock Options may be granted to Employees, Directors and Consultants. Incentive Stock Options may be granted only to Employees
of the Company, a Parent or a Subsidiary. An Employee, Director or Consultant who has been granted an Award may, if otherwise
eligible, be granted additional Awards. Awards may be granted to Employees, Directors or Consultants who are residing in foreign
jurisdictions.

 

6. Terms and Conditions of Awards.

 

	(a)		Type of Awards. The Administrator is authorized under the Plan to award any type of
arrangement to an Employee, Director or Consultant that is not inconsistent with the provisions of the Plan and that by its terms
involves or might involve the issuance of (i) Shares, (ii) an Option, a SAR or similar right with a fixed or variable price related
to the Fair Market Value of the Shares and with an exercise or conversion privilege related to the passage of time, the occurrence
of one or more events, or the satisfaction of performance criteria or other conditions, or (iii) any other security with the value
derived from the value of the Shares. Such awards include, without limitation, Options, SARs, sales or bonuses of Restricted Stock,
Dividend Equivalent Rights, Performance Units or Performance Shares, and an Award may consist of one such security or benefit,
or two (2) or more of them in any combination or alternative.

	(b)		Designation of Award. Each Award shall be designated in the Award Agreement. In the
case of an Option, the Option shall be designated as either an Incentive Stock Option or a Non-Qualified Stock Option. However,
notwithstanding such designation, to the extent that the aggregate Fair Market Value of Shares subject to Options designated as
Incentive Stock Options which become exercisable for the first time by a Grantee during any calendar year (under all plans of
the Company or any Parent or Subsidiary) exceeds $100,000, such excess Options, to the extent of the Shares covered thereby in
excess of the foregoing limitation, shall be treated as Non-Qualified Stock Options. For this purpose, Incentive Stock Options
shall be taken into account in the order in which they were granted, and the Fair Market Value of the Shares shall be determined
as of the date the Option with respect to such Shares is granted.

	(c)		Conditions of Award. Subject to the terms of the Plan, the Administrator shall determine
the provisions, terms, and conditions of each Award including, but not limited to, the Award vesting schedule, repurchase provisions,
rights of first refusal, forfeiture provisions, form of payment (cash, Shares, or other consideration) upon settlement of the
Award, payment contingencies, and satisfaction of any performance criteria. The performance criteria established by the Administrator
may be based on any one of, or combination of, increase in share price, earnings per share, total stockholder return, return on
equity, return on assets, return on investment, net operating income, cash flow, revenue, economic value added, personal management
objectives, or other measure of performance selected by the Administrator. Partial achievement of the specified criteria may result
in a partial payment or vesting as specified in the Award Agreement.

	(d)		Acquisitions and Other Transactions. The Administrator may issue Awards under the
Plan in settlement, assumption or substitution for, outstanding awards or obligations to grant future awards in connection with
the Company or a Related Entity acquiring another entity, an interest in another entity or an additional interest in a Related
Entity whether by merger, stock purchase, asset purchase or other form of transaction.

	(e)		Deferral of Award Payment. The Administrator may establish one or more programs under
the Plan to permit selected Grantees the opportunity to elect to defer receipt of consideration upon exercise of an Award, satisfaction
of performance criteria, or other event that absent the election would entitle the Grantee to payment or receipt of Shares or
other consideration under an Award. The Administrator may establish the election procedures, the timing of such elections, the
mechanisms for payments of, and accrual of interest or other earnings, if any, on amounts, Shares or other consideration so deferred,
and such other terms, conditions, rules and procedures that the Administrator deems advisable for the administration of any such
deferral program.

	(f)		Award Exchange Programs. The Administrator may establish one or more programs under
the Plan to permit selected Grantees to exchange an Award under the Plan for one or more other types of Awards under the Plan
on such terms and conditions as determined by the Administrator from time to time.

	(g)		Separate Programs. The Administrator may establish one or more separate programs under
the Plan for the purpose of issuing particular forms of Awards to one or more classes of Grantees on such terms and conditions
as determined by the Administrator from time to time.

    	 	5	 

    	 

    
	(h)		Early Exercise. The Award Agreement may, but need not, include a provision whereby
the Grantee may elect at any time while an Employee, Director or Consultant to exercise any part or all of the Award prior to
full vesting of the Award. Any unvested Shares received pursuant to such exercise may be subject to a repurchase right in favor
of the Company or a Related Entity or to any other restriction the Administrator determines to be appropriate.

	(i)		Term of Award. The term of each Award shall be the term stated in the Award Agreement,
provided, however, that the term of an Incentive Stock Option shall be no more than ten (10) years from the date of grant thereof.
However, in the case of an Incentive Stock Option granted to a Grantee who, at the time the Option is granted, owns stock representing
more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of
the Incentive Stock Option shall be five (5) years from the date of grant thereof or such shorter term as may be provided in the
Award Agreement.

	(j)		Transferability of Awards. Except as otherwise provided in this Section, all Awards
under the Plan shall be nontransferable and shall not be assignable, alienable, saleable or otherwise transferable by the Grantee
other than by will or the laws of descent and distribution except pursuant to a domestic relations order entered by a court of
competent jurisdiction. Notwithstanding the preceding sentence, the Board or the Committee may provide that any Award of Non-Qualified
Stock Options may be transferable by the recipient to family members or family trusts established by the Grantee. The Board or
the Committee may also provide that, in the event that a Grantee terminates employment with the Company to assume a position with
a governmental, charitable, educational or similar non-profit institution, a third party, including but not limited to a "blind"
trust, may be authorized by the Board or the Committee to act on behalf of and for the benefit of the respective Grantee with
respect to any outstanding Awards. Except as otherwise provided in this Section, during the life of the Grantee, Awards under
the Plan shall be exercisable only by him or her except as otherwise determined by the Board or the Committee. In addition, if
so permitted by the Board or the Committee, a Grantee may designate a beneficiary or beneficiaries to exercise the rights of the
Grantee and receive any distributions under the Plan upon the death of the Grantee.

	(k)		Time of Granting Awards. The date of grant of an Award shall for all purposes be the
date on which the Administrator makes the determination to grant such Award, or such other date as is determined by the Administrator.
Notice of the grant determination shall be given to each Employee, Director or Consultant to whom an Award is so granted within
a reasonable time after the date of such grant.

 

7. Award Exercise or Purchase Price,
Consideration, Taxes and Reload Options.

 

	(a)		Exercise or Purchase Price. The exercise or purchase price, if any, for an Award shall
be as follows:

	(i)		In the case of an Incentive Stock Option: (A) granted to an Employee who, at the time
of the grant of such Incentive Stock Option owns stock representing more than ten percent (10%) of the voting power of all classes
of stock of the Company or any Parent or Subsidiary, the per Share exercise price shall be not less than one hundred ten percent
(110%) of the Fair Market Value per Share on the date of grant; or (B) granted to any Employee other than an Employee described
in the preceding clause, the per Share exercise price shall be not less than one hundred percent (100%) of the Fair Market Value
per Share on the date of grant.

	(ii)		In the case of a Non-Qualified Stock Option, the per Share exercise price shall be
not less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant unless otherwise determined by
the Administrator.

	(iii)		In the case of other Awards, such price as is determined by the Administrator.

	(iv)		Notwithstanding the foregoing provisions of this Section 7(a),in the case of an Award
issued pursuant to Section 6(d), above, the exercise or purchase price for the Award shall be determined in accordance with the
principles of Section 424(a) of the Code.

    	 	6	 

    	 

    
	(b)		Consideration. Subject to Applicable Laws, the consideration to be paid for the Shares
to be issued upon exercise or purchase of an Award including the method of payment, shall be determined by the Administrator (and,
in the case of an Incentive Stock Option, shall be determined at the time of grant). In addition to any other types of consideration
the Administrator may determine, the Administrator is authorized to accept as consideration for Shares issued under the Plan the
following, provided that the portion of the consideration equal to the par value of the Shares must be paid in cash or other legal
consideration permitted by the applicable laws of the jurisdiction in which the Company is then incorporated.

	(i)		cash;

	(ii)		check;

	(iii)		delivery of Grantee's promissory note with such recourse, interest, security, and
redemption provisions as the Administrator determines is appropriate;

	(iv)		surrender of Shares or delivery of a properly executed form of attestation of ownership
of Shares as the Administrator may require including withholding of Shares otherwise deliverable upon exercise of the Award) which
have a Fair Market Value on the date of surrender or attestation equal to the aggregate exercise price of the Shares as to which
said Award shall be exercised (but only to the extent that such exercise of the Award would not result in an accounting compensation
charge with respect to the Shares used to pay the exercise price unless otherwise determined by the Administrator);

	(v)		with respect to options, payment through a broker-dealer sale and remittance procedure
pursuant to which the Grantee (A) shall provide written instructions to a Company designated brokerage firm to effect the immediate
sale of some or all of the purchased Shares and remit to the Company, out of the sale proceeds available on the settlement date,
sufficient funds to cover the aggregate exercise price payable for the purchased Shares and (B) shall provide written directives
to the Company to deliver the certificates for the purchased Shares directly to such brokerage firm in order to complete the sale
transaction; or

	(vi)		with respect to options provided there is then an established market for the Common
Stock, by a “cashless exercise” as a result of which the Grantee shall be entitled to receive that number of shares
of Common Stock equal to the quotient of (i) the number of Options surrendered for exercise and (ii) the difference between the
Fair Market Value (determined in accordance with clause (i) of Section 2(t) hereof) and the exercise price of the Option, in which
case the number of Options surrendered for exercise shall be cancelled;

	(vii)		any combination of the foregoing methods of payment.

	(c)		Taxes. No Shares shall be delivered under the Plan to any Grantee or other person
until such Grantee or other person has made arrangements acceptable to the Administrator for the satisfaction of any foreign,
federal, state, or local income and employment tax withholding obligations, including, without limitation, obligations incident
to the receipt of Shares or the disqualifying disposition of Shares received on exercise of an Incentive Stock Option. Upon exercise
of an Award, the Company shall withhold or collect from Grantee an amount sufficient to satisfy such tax obligations.

	(d)		Reload Options. In the event the exercise price or tax withholding of an Option is
satisfied by the Company or the Grantee's employer withholding Shares otherwise deliverable to the Grantee, the Administrator
may issue the Grantee an additional Option, with terms identical to the Award Agreement under which the Option was exercised,
but at an exercise price as determined by the Administrator in accordance with the Plan.

 

 8. Exercise of Award.

 

	(a)		Procedure for Exercise; Rights as a Stockholder.

	(i)		Any Award granted hereunder shall be exercisable at such times and under such conditions
as determined by the Administrator under the terms of the Plan and specified in the Award Agreement.

    	 	7	 

    	 

    
	(ii)		An Award shall be deemed to be exercised upon the later of (x) receipt by the Company
of written notice of such exercise in accordance with the terms of the Award by the person entitled to exercise the Award and
(y) full payment for the Shares with respect to which the Award is exercised, including, to the extent selected, use of the broker-dealer
sale and remittance procedure to pay the purchase price as provided in Section 7(b)(v).

	(iii)		Until the issuance (as evidenced by the appropriate entry on the books of the Company
or of a duly authorized transfer agent of the Company) of the stock certificate evidencing such Shares, no right to vote or receive
dividends or any other rights as a stockholder shall exist with respect to Shares subject to an Award, notwithstanding the exercise
of an Option or other Award. The Company shall issue (or cause to be issued) such stock certificate promptly upon exercise of
the Award. No adjustment will be made for a dividend or other right for which the record date is prior to the date the stock certificate
is issued, except as provided in the Award Agreement or Section 10, below.

	(b)		Exercise of Award Following Termination of Continuous Service.

	(i)		An Award may not be exercised after the termination date of such Award set forth in
the Award Agreement and may be exercised following the termination of a Grantee's Continuous Service only to the extent provided
in the Award Agreement.

	(ii)		Where the Award Agreement permits a Grantee to exercise an Award following the termination
of the Grantee's Continuous Service for a specified period, the Award shall terminate to the extent not exercised on the last
day of the specified period or the last day of the original term of the Award, whichever occurs first.

	(iii)		Any Award designated as an Incentive Stock Option to the extent not exercised within
the time permitted by law for the exercise of Incentive Stock Options following the termination of a Grantee's Continuous Service
shall convert automatically to a Non-Qualified Stock Option and thereafter shall be exercisable as such to the extent exercisable
by its terms for the period specified in the Award Agreement.

	(c)		Buyout Provisions. The Administrator may at any time offer to buy out for a payment
in cash or Shares, an Award previously granted, based on such terms and conditions as the Administrator shall establish and communicate
to the Grantee at the time that such offer is made.

 

9. Conditions Upon Issuance of Shares.

 

	(a)		Shares shall not be issued pursuant to the exercise of an Award unless the exercise
of such Award and the issuance and delivery of such Shares pursuant thereto shall comply with all Applicable Laws, and shall be
further subject to the approval of counsel for the Company with respect to such compliance.

	(b)		As a condition to the exercise of an Award, the Company may require the person exercising
such Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and
without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation
is required by any Applicable Laws.

 

10. Adjustments Upon Changes in Capitalization.
Subject to any required action by the stockholders of the Company, the Administrator may, in its discretion, proportionately adjust
the number of Shares covered by each outstanding Award, and the number of Shares which have been authorized for issuance under
the Plan but as to which no Awards have yet been granted or which have been returned to the Plan, the exercise or purchase price
of each such outstanding Award, as well as any other terms that the Administrator determines require adjustment for (a) any increase
or decrease in the number of issued Shares resulting from a stock split, reverse stock split, stock dividend, combination or reclassification
of the Shares, (b) any other increase or decrease in the number of issued Shares effected without receipt of consideration by
the Company, or (c) as the Administrator may determine in its discretion, any other transaction with respect to Common Stock to
which Section 424(a) of the Code applies; provided, however that conversion of any convertible securities of the Company shall
not be deemed to have been "effected without receipt of consideration." Such adjustment shall be made by the Administrator
and its determination shall be final, binding and conclusive. Except as the Administrator determines, no issuance by the Company
of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment
by reason hereof shall be made with respect to, the number or price of Shares subject to an Award.

    	 	8	 

    	 

    

11. Corporate Transactions and Related Entity Dispositions. Except
as may be provided in an Award Agreement:

 

	(a)		The Administrator shall have the authority, exercisable either in advance of any actual
or anticipated Corporate Transaction or Related Entity Disposition or at the time of an actual Corporate Transaction or Related
Entity Disposition and exercisable at the time of the grant of an Award under the Plan or any time while an Award remains outstanding,
to provide for the full automatic vesting and exercisability of one or more outstanding unvested Awards under the Plan and the
release from restrictions on transfer and repurchase or forfeiture rights of such  Awards in connection with a Corporate
Transaction or Related Entity Disposition, on such terms and conditions as the Administrator may specify. The Administrator also
shall have the authority to condition any such Award vesting and exercisability or release from such limitations upon the subsequent
termination of the Continuous Service of the Grantee within a specified period following the effective date of the Corporate Transaction
or Related Entity Disposition. Effective upon the consummation of a Corporate Transaction or Related Entity Disposition, all outstanding
Awards under the Plan, shall remain fully exercisable until the expiration or sooner termination of the Award.

	(b)		The portion of any Incentive Stock Option accelerated under this Section 11 in connection
with a Corporate Transaction or Related Entity Disposition shall remain exercisable as an Incentive Stock Option under the Code
only to the extent the $ 100,000 dollar limitation of Section 422(d) of the Code is not exceeded. To the extent such dollar limitation
is exceeded, the accelerated excess portion of such Option shall be exercisable as a Non-Qualified Stock Option.

 

12. Effective Date and Term of Plan. The Plan
shall become effective upon the earlier to occur of its adoption by the Board or its approval by the stockholders of the Company.
It shall continue in effect for a term of ten (10) years unless sooner terminated. Subject to Section 13 below, and Applicable
Laws, Awards may be granted under the Plan upon its becoming effective.

 

13. Amendment, Suspension or Termination of the Plan.

 

	(a)		The Board may at any time amend, suspend or terminate the Plan. To the extent necessary
to comply with Applicable Laws, the Company shall obtain stockholder approval of any Plan amendment in such a manner and to such
a degree as required.

	(b)		No Award may be granted during any suspension of the Plan or after termination of
the Plan.

	(c)		Any amendment, suspension or termination of the Plan (including termination of the
Plan under Section 12, above) shall not affect Awards already granted, and such Awards shall remain in full force and effect as
if the Plan had not been amended, suspended or terminated, unless mutually agreed otherwise between the Grantee and the Administrator,
which agreement must be in writing and signed by the Grantee and the Company.

 

14. Reservation of Shares.

 

	(a)		The Company, during the term of the Plan, will at all times reserve and keep available
such number of Shares as shall be sufficient to satisfy the requirements of the Plan.

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

 

15. No Effect on Terms of Employment/Consulting
Relationship. The Plan shall not confer upon any Grantee any right with respect to the Grantee's Continuous Service, nor shall
it interfere in any way with his or her right or the Company's right to terminate the Grantee's Continuous Service at any time,
with or without cause.

    	 	9	 

    	 

    

16. Unfunded Plan. Unless otherwise determined by the Board or
the Committee, the Plan shall be unfunded and shall not create (or construed to create) a trust or a separate fund or funds. The
Plan shall not establish any fiduciary relationship between the Company and any Grantee or other person. To the extent any person
holds any rights by virtue of an Award granted under the Plan, such right (unless otherwise determined by the Board or the Committee)
shall be no greater than the right of an unsecured general creditor of the Company.

 

17. No Effect on Retirement and Other Benefit Plans. Except as
specifically provided in a retirement or other benefit plan of the Company or a Related Entity, Awards shall not be deemed compensation
for purposes of computing benefits or contributions under any retirement plan of the Company or a Related Entity, and shall not
affect any benefits under any other benefit plan of any kind or any benefit plan subsequently instituted under which the availability
or amount of benefits is related to level of compensation. The Plan is not a "Retirement Plan" or "Welfare Plan"
under the Employee Retirement Income Security Act of 1974, as amended.

 

18. Stockholder Approval. The grant of Incentive Stock Options
under the Plan shall be subject to approval by the stockholders of the Company within twelve (12) months before or after the date
the Plan is adopted by the Board excluding Incentive Stock Options issued in substitution for outstanding Incentive Stock Options
pursuant to Section 424(a) of the Code. Such stockholder approval shall be obtained in the degree and manner required under Applicable
Laws. The Administrator may grant Incentive Stock Options under the Plan prior to approval by the stockholders, but until such
approval is obtained, no such Incentive Stock Option shall be exercisable. In the event that stockholder approval is not obtained
within the twelve (12) month period provided above, all Incentive Stock Options previously granted under the Plan shall be exercisable
as Non-Qualified Stock Options.

    	 	10

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