Document:

Exhibit 10.1

 

AMENDED AND RESTATED INCENTIVE STOCK
OPTION PLAN

 

	1.	PURPOSE OF THE PLAN
	 	 
	 	This Amended and Restated
Incentive Stock Option Plan has been established by the Company for directors, officers and Service Providers (as defined below)
of the Company and its subsidiaries (collectively, the "Eligible Persons"). The purpose of this Plan is to provide
long term incentives to attract, motivate and retain directors and key employees of the Company and its affiliates who, in the
judgement of the Board, will be largely responsible for its future growth and success.
	 	 
	2.	DEFINITIONS
	 	 
	 	In this Plan, the following terms have the following
meanings:
	 	 
	2.1	"Applicable
Laws" means the legal requirements relating to stock option plans, if any, pursuant to the Securities Acts and the regulations
thereunder of each of the provinces of Canada, U.S. state corporate laws, U.S. federal and state and securities laws, the Code
and the rules of any applicable Exchanges.
	 	 
	2.2	"Associate"
means an associate as defined in the Securities Act.
	 	 
	2.3	"Board"
means the Board of Directors of the Company.
	 	 
	2.4	"Business
Day" means any day other than a Saturday, Sunday or a statutory holiday observed in the Province of British Columbia.
	 	 
	2.5	"Change
of Control" means:

 

		(a)	any Person, or combination of Persons acting jointly or in concert, acquiring
or becoming the beneficial owner of, directly or indirectly, more than 50% of the voting securities of the Company, whether through
the acquisition of previously issued and outstanding voting securities of the Company or of voting securities of the Company that
have not been previously issued, or any combination thereof or any other transaction having a similar effect; and

 

		(b)	amalgamation, merger or arrangement of the Company with or
                                                          into another entity where the holders of Shares immediately prior to the transaction will hold less than 51% of the
                                                          voting securities of the resulting entity upon completion of the transaction.

 

	2.6	"Code"
means the United States Internal Revenue Code of 1986, as amended.
	 	 
	2.7	"Company" means Intrinsyc Technologies
Corporation, its successors and assigns, and any reference in the Plan to action by the Company means action by or under the authority
of the Board or any person or committee that has been designated for the purpose by the Company including, without limitation,
the Human Resources/ Compensation Committee.
	 	 
	2.8	"Disability" means any disability
with respect to an Optionee which the Board, in its sole and unfettered discretion, considers likely to prevent permanently the
Optionee from:

 

		(a)	being employed or engaged by the Company, its subsidiaries or another employer, in a position the same as or similar to that in which he was last employed or engaged by the Company or its
                                                               subsidiaries; or

 

 

 

 

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	 	(b)	acting
as a director or officer of the Company or its subsidiaries.

 

	2.9	"Exchanges" means The Toronto
Stock Exchange and any other stock exchange on which the Shares are listed.
	 	 
	2.10	"Expiry Date" means the date
set by the Board under subsection 4.1 of the Plan, as the last date on which an Option may be exercised subject to section 5.1.
	 	 
	2.11	"Grant Date" means the date
specified in an Option Agreement as the date on which an Option is granted.
	 	 
	2.12	"Human Resources/Compensation Committee"
means the committee, as constituted from time to time, which may be appointed by the Board to, among other things, interpret,
administer and implement the Plan, and includes any successor committee appointed by the Board for such purposes.
	 	 
	2.13	"Incentive Stock Option" means
an Option intended to qualify as an incentive stock option within the meaning of section 422 of the Code, as designated in the
applicable Option Agreement.
	 	 
	2.14	"Insider" means an insider as
defined in the Securities Act, as amended from time to time.
	 	 
	2.15	"Joint Actor" means a person
acting jointly or in concert with an offeror, as such term is defined in the Securities Act.
	 	 
	2.16	"Market Price" means, as of
any date, the value of the Shares, determined as follows:

 

		(a)	if the Shares are listed on the TSX Venture Exchange, the Market Price shall
be the closing sales price for the Shares (or the closing bid, if no sales were reported) as quoted on such exchange for the market
trading day immediately prior to the date of determination less any discount permitted by the Canadian Venture Exchange;

 

		(b)	if the Shares are listed on The Toronto Stock Exchange, the Market Price
shall be the closing price per Share on The Toronto Stock Exchange for the last market trading day prior to the time of determination
or, for the last market trading day the Shares were traded prior to the date of determination;

 

		(c)	if the Shares are listed on an exchange other than the Canadian Venture
Exchange or The Toronto Stock Exchange, the Market Price shall be the closing sales price of the Shares (or the closing bid, if
no sales were reported) as quoted on such exchange for the last market trading day prior to the time of determination; and

 

		(d)	if the Shares are not listed on an exchange, the Market Price shall be determined in good faith by the Board.

 

	2.17	"Non-Qualified Stock Option"
means an Option not intended to qualify as an Incentive Stock Option, as designated in the applicable Option Agreement.
	 	 
	2.18	"Option" means an option to
purchase Shares granted pursuant to this Plan.

 

 

 

 

 

 

 

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	2.19	"Option Agreement" means an agreement,
in the form attached hereto as Schedule "A", whereby the Company grants to an Optionee an Option, or an agreement, in
the form attached hereto as Schedule "B", whereby the Company grants to a U.S. Optionee an Option, as the case may be.
	 	 
	2.20	"Optionee" means each of the
directors, officers and Service Providers granted an Option pursuant to this PIan and their heirs, executors and administrators
and, subject to the policies of the Exchange, an Optionee may also be a corporation wholly owned by an individual eligible for
an Option grant pursuant to this Plan.
	 	 
	2.21	"Option Price" means the price
per Share specified in an Option Agreement, adjusted from time to time in accordance with the provisions of section 6.
	 	 
	2.22	"Option Shares" means the aggregate
number of Shares which an Optionee may purchase under an Option.
	 	 
	2.23	"Person" has the meaning ascribed
thereto in the Securities Act, as amended from time to time.
	 	 
	2.24	"Plan" means this Amended and
Restated Incentive Stock Option Plan.
	 	 
	2.25	"Shares" means the common
shares in the capital of the Company as constituted on the date of this agreement provided that, in the event of any adjustment
pursuant to section 5, "Shares" shall thereafter mean the shares or other property resulting from the events giving
rise to the adjustment.
	 	 
	2.26	"Securities Act" means the
Securities Act, R.S.B.C., c.418, as amended.
	 	 
	2.27	"Service Provider" means:

 

	 	(a)	an employee or Insider of the Company or any of its subsidiaries;
	 	 	 
	 	(b)	any other person or company engaged to provide ongoing management or consulting services for the Company or for any entity controlled
by the Company; and
	 	 	 
	 	(c)	any person who is providing ongoing management or consulting services to the Company or to any entity controlled by the Company
indirectly through a company that is a Service Provider under subsection 2.27(b).

 

	2.28	"Share Bonus Plan" means the
Share Bonus Plan established pursuant to Part 7 hereof
	 	 
	2.29	"Stock Option Plan" means
the Stock Option Plan established pursuant to Part 4 hereof.
	 	 
	2.30	"U.S. Optionee" means an Optionee
who is a United States citizen or resident within the meaning of the Code.
	 	 
	2.31	"U.S. Subsidiary" means a subsidiary
of the Company within the meaning of section 424(f) of the Code or any successor provision.

 

 

 

 

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	2.32	"Unissued Option Shares" means the number
of Shares, at a particular time, which have been allotted for issuance upon the exercise of an Option but which have not been
issued, as adjusted from time to time in accordance with the provisions of section 6, such adjustments to be cumulative.
	 	 
	2.33	"Unvested Option" means an Option that
has not become exercisable in respect of a number of Option Shares by the Optionee pursuant to the terms of the Option Agreement.
	 	 
	2.34	"Vested Option" means an Option
that has become exercisable in respect of a number of Option Shares by the Optionee pursuant to the terms of the Option Agreement.
	 	 
	3.	ADMINISTRATION OF THE PLAN
	 	 
	3.1	The Plan shall be administered by the Board, or
if the Board constitutes a Human Resources/Compensation Committee, by the Human Resources/Compensation Committee.
	 	 
	3.2	The Board, or if the Board constitutes a Human Resources/Compensation
Committee, such committee of the Board, shall have the power, where consistent with the general purposes and intent of the Plan
and subject to the specific provisions of the Plan and the policies of the Exchange from time to time in effect:

 

	 	(a)	to establish policies and procedures for carrying out the purposes, provisions and administration of the Plan;
	 	 	 
	 	(b)	to interpret and construe the Plan and to determine all questions arising out of the Plan and any Option granted pursuant to the Plan, and any such interpretation, construction or termination made by the Board
shall be final, binding and conclusive for all purposes;
	 	 	 
	 	(c)	
to determine which eligible Persons are granted Options and to grant Options;
	 	 	 
	 	(d)	to determine the number of Shares covered by each Option;
	 	 	 
	 	(e)	to determine the Option Price;
	 	 	 
	 	(f)	to determine the time or times when Options will be granted, vest and be exercisable;
	 	 	 
	 	(g)	to determine if the Shares that are subject to an option will be subject to any restrictions upon the exercise of such Option;
and
	 	 	 
	 	(h)	to prescribe the form of the instruments relating to the grant, exercise and other terms of options.

 

	3.3	A director
of the Company to whom an Option may be granted shall not participate in the decision of the Board to grant such Option.

 

 

 

 

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	4.	STOCK OPTION PLAN
	 	 
	4.1	Option Terms
	 	 
	 	The Board may from time
to time authorize the issue of Options to directors, officers and Service Providers of the Company and its subsidiaries. The Option
Price under each Option shall be not less than the Market Price. The Expiry Date for each Option shall be set by the Board at the
time of issue of the Option; provided, however, that if at any time the Expiry Date of an Option should be determined to occur
either during a period in which the trading of Shares by the Optionee is restricted under the insider trading policy or other policy
of the Company or within ten business days following such a period, such Expiry Date shall be deemed to be the date which is the
tenth business day following the date of such expiry of such restriction. Subject to the forgoing, the Expiry Date shall not be
more than 10 years after the Grant Date. Options shall not be assignable (or transferable) by the Optionee.
	 	 
	4.2	Limits on Shares Issuable on Exercise
of Options
	 	 
	 	Subject to adjustment as
provided below and in Section 6, the maximum number of Shares which may be issued pursuant to the Plan shall be the lower of (a)
a rolling number equal to 10% less one Share of the total issued and outstanding Shares from time to time and (b) 3,750,000 Shares.
For purposes of the foregoing, any Shares issued upon exercise of Options shall not reduce the percentage of Shares which may be
issuable pursuant to Options granted under the Plan. If any Option is terminated, cancelled or has expired without being fully
exercised, any un-issued Shares which have been reserved to be issued upon the exercise of the Options shall become available to
be issued upon the exercise of Options subsequently granted under the Plan.
	 	 
	 	

In addition, the maximum
number of Shares which may be issuable pursuant to the Stock Option Plan and the Share Bonus Plan together with all of the Company's
established or proposed share compensation arrangements other than those share compensation arrangements which do not require shareholder
approval and the Company’s Restricted Share Unit Plan dated May 16, 2017 (collectively, the "Incentive Plans")
shall not exceed a rolling number equal to 10% less one Share of the total issued and outstanding Shares from time to time, or
such additional amount as may be approved from time to time by the shareholders of the Company.

 

Notwithstanding the foregoing, the following
additional limitations apply:

 

	 	(a)	the number of Shares issuable to any one Optionee under the Incentive Plans shall not exceed 5% of the total number of issued and outstanding Shares on a non-diluted basis;
	 	 	 
	 	(b)	the number of Shares which may be issuable under the Incentive Plans within a one year period to any one Optionee who is an Insider and any Associate of such Insider, shall not exceed 5% of the total number
of issued and outstanding Shares on a non-diluted basis;
	 	 	 
	 	(c)	the number of Shares reserved for issuance to Insiders at any time, and the number of Shares issued to all Insiders within any one year period under the Incentive Plans, shall not exceed 10% less one Share
of the total number of issued and outstanding Shares on a non-diluted basis; and
	 	 	 
	 	(d)	the number of Shares reserved for issuance to non-employee directors under the Plan at any time shall not exceed 1% of the total
number of issued and outstanding Shares on a non-diluted basis, and the aggregate value of any grant under this Plan to any one
non-employee director in any calendar year shall not exceed $100,000.

 

 

 

 

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	4.3	Option Agreement
	 	 
	 	Each Option shall be confirmed
by the execution of an Option Agreement. Each Optionee shall have the option to purchase from the Company the Option Shares at
the time and in the manner set out in the Plan and in the Option Agreement applicable to that Optionee. The execution of an Option
Agreement shall constitute conclusive evidence that it has been completed in compliance with this Plan.
	 	 
	5.	EXERCISE OF OPTION
	 	 
	5.1	When Options May be Exercised
	 	 
	 	Subject to subsections 5.3 and
5.4, an Option may be exercised to purchase any number of Shares up to the number of Vested Unissued Option Shares at any time
after the Grant Date up to 5:00 p.m. Vancouver time on the Expiry Date and shall not be exercisable thereafter; provided, however,
that if at any time the Expiry Date should be determined to occur either during a period in which the trading of Shares by the
Optionee is restricted under the insider trading policy or other policy of the Company or within 10 business days following such
a period, such date shall be deemed to be the date that is the 10th business day following the date of expiry of such
restriction.
	 	 
	5.2	Manner of Exercise
	 	 
	 	The Option shall be exercisable
by delivering to the Company a notice specifying the number of Shares in respect of which the Option is exercised together with
payment in full of the Option Price for each such Share. Upon notice and payment there will be a binding contract for the issue
of the Shares in respect of which the Option is exercised, upon and subject to the provisions of the Plan. Delivery of the Optionee's
cheque payable to the Company in the amount of the Option Price shall constitute payment of the Option Price unless the cheque
is not honoured upon presentation in which case the Option shall not have been validly exercised.
	 	 
	5.3	Vesting Option Shares
	 	 
	 	The Board or the Human Resources/Compensation
Committee may determine, in its sole discretion, the vesting schedule applicable to each Option, which vesting schedule will be
set out in the Option Agreement. The Board or the Human Resources/Compensation Committee may, in its sole discretion, and in certain
circumstances, amend, abridge, or otherwise eliminate any vesting schedule as it applies to any Option issued to directors, officers
or Service Providers pursuant to the Plan, so that any such Option, whether Vested or Unvested, may have an amended vesting schedule
or may immediately vest and become exercisable.
	 	 
	5.4	Termination
of Employment 
	 	 
	 	If an Optionee ceases to be
a director, officer or Service Provider of the Company or one of the Company's subsidiaries, his or her Option shall be exercisable
as follows:

 

	 	(a)	Death,
Disability or Retirement
	 	 	 
	 	 	If the Optionee ceases to be
a director, officer or Service Provider of the Company or subsidiary of the Company, due to his or her death, Disability or retirement
in accordance with the Company's retirement policy in force from time to time, or, in the case of an Optionee that is a company,
the death, Disability or retirement of the person who provides management or consulting services to the Company or to any entity
controlled by the Company, the Option then held by the Optionee shall be exercisable to acquire Vested Unissued Option Shares at
any time up to but not after the earlier of:

 

 

 

 

 

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	 	(i)	365 days after the date of death, Disability or retirement; and
	 	 	 
	 	(ii)	the Expiry Date.

 

	 	(b)	Termination for Cause 
	 	 	 
	 	 	If the Optionee, or in
the case of an Option granted to an Optionee who falls under the definition of Service Provider set out in subsection 2.27(c),
the Optionee's employer, ceases to be a director, officer or Service Provider of the Company or a subsidiary of the Company as
a result of termination for cause, as that term is interpreted by the courts of the jurisdiction in which the Optionee, or, in
the case of the Optionee who satisfies the definition of Service Provider set out in subsection 2.27(c) of the Optionee's employer,
is employed or engaged; any outstanding Option held by such Optionee on the date of such termination, whether in respect of Option
Shares that are Vested or not, shall be cancelled as of that date.
	 	 	 
	 	(c)	Early Retirement, Voluntary Resignation or Termination Other than For Cause 

                                                            

	 	 	If the Optionee, or in the case
of an Option granted to an Optionee who falls under the definition of Service Provider set out in subsection 2.27, the Optionee's
employer, ceases to be a director, officer or Service Provider of the Company or a subsidiary of the Company due to his or her
retirement at the request of his or her employer earlier than the normal retirement date under the Company's retirement policy
then in force or due to his or her termination by the Company other than for cause, or due to his or her voluntary resignation,
the Option then held by the Optionee as of the date of such retirement or resignation or date that the Optionee is notified or
becomes aware of such termination shall be exercisable to acquire Vested Unissued Option Shares at any time prior to the earlier
of the Expiry Date and the date which is 30 days from the date on which the Optionee or, in the case of an Option granted to an
Optionee who falls under the definition of Service Provider set out in subsection 2.27, the Optionee's employer, ceases to be a
director, officer or Service Provider of the Company or subsidiary of the Company; provided, however, if the end of such 30 day
period occurs either during a period in which the trading of Shares by the Optionee is restricted under the insider trading policy
or other policy of the Company or within 10 business days following such a period, the date determined under this subsection 5.4(c)(ii)
shall be the date which is the 10th business day following the date of the expiry of such restriction.

 

For greater certainty, an Option
that had not become Vested in respect of certain Unissued Option Shares at the time that the relevant event referred to in this
subsection 5.4 occurred, shall not be or become exercisable in respect to such Unissued Option Shares and shall be cancelled.

 

 

 

 

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	5.5	Effect of a Take Over Bid
	 	 
	 	If a
bona fide offer (the "Offer") for Shares is made to the Optionee or
to shareholders of the Company generally or to a class of shareholders which includes the Optionee, which Offer, if accepted
in whole or in part, would result in the offeror becoming a control person of the Company, within the meaning of the
Securities Act, the Company shall, immediately upon receipt of notice of the Offer, notify each Optionee of full particulars
of the Offer. The Board, or if applicable, the Human Resources/Compensation Committee will have the sole discretion to amend,
abridge or otherwise eliminate any vesting schedule so that Option Shares subject to such Option will become Vested whereupon
the Option may be exercised in whole or in part by the Optionee so as to permit the Optionee to tender the Option Shares
received upon such exercise pursuant to the Offer. However, if:

 

	 	(a)	the
Offer is not completed within the time specified therein; or
	 	 	 
	 	(b)	all of the Option Shares tendered by the Optionee
pursuant to the Offer are not taken up or paid for by the offeror in respect thereof,

 

	 	then the Option Shares
received upon such exercise, or in the case of clause (b) above the Option Shares that are not taken up and paid for, shall be
returned by the Optionee to the Company and reinstated as authorized but Unissued and, if applicable, Unvested Option Shares and
with respect to such returned Option Shares, the Option shall be reinstated as if it had not been exercised on the terms for such
Option Shares becoming Vested shall be reinstated pursuant to subsection 5.3. If any Option Shares are returned to the Company
under this subsection 5.5, the Company shall immediately refund the exercise price to the Optionee for such Option Shares.
	 	 
	5.6	Acceleration of Expiry Date
	 	 
	 	If at any time when an
Option granted under the Plan remains unexercised with respect to any Unissued Option Shares, an Offer is made by an offeror, the
Board may, upon notifying each Optionee of full particulars of the Offer, declare all Option Shares issuable upon the exercise
of Options granted under the Plan Vested and accelerate the Expiry Date for the exercise of all unexercised Options granted under
the Plan so that all Options will either be exercised or expire prior to the date upon which Shares must be tendered pursuant to
the Offer.
	 	 
	5.7	Effect
of a Change of Control
	 	 
	 	If a Change of Control occurs,
the Board, or if applicable, the Human Resources/ Compensation Committee will have the sole discretion to amend, abridge or otherwise
eliminate any vesting schedule so that Option Shares subject to each outstanding Option will become Vested, whereupon such Option
may be exercised in whole or in part by the Optionee.
	 	 
	5.8	Exclusion From Severance Allowance Retirement Allowance or Termination Settlement
	 	 
	 	If the Optionee, or in the
case of an Option granted to an Optionee who falls under the definition of Service Provider set out in subsection 2.27(c), the
Optionee's employer, retires, resigns or is terminated from employment or engagement with the Company or any subsidiary of the
Company, the loss or limitation, if any, pursuant to the Option Agreement with respect to the right to purchase Option Shares
which were not Vested at that time or which, if Vested, were cancelled, shall not give rise to any right to damages and shall
not be included in the calculation of nor from any part of any severance allowance, retiring allowance or termination settlement
of any kind whatsoever in respect of such Optionee.

 

 

 

 

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	5.9	Financial Assistance
	 	 
	 	Subject to the provisions of
the Canada Business Corporations Act and, if required, subject to prior acceptance of the Exchanges, the Board may at any
time or from time to time authorize the Company to provide financial assistance to an Optionee, on such terms and conditions as
the Board may determine, to assist such Optionee in exercising his or her Options. Any financial assistance so provided will be
repayable with full recourse.
	 	 
	5.10	Shares Not Acquired
	 	 
	 	Any Unissued Option Shares not
acquired by an Optionee under an Option which has expired may be made the subject of a further Option pursuant to the provisions
of the Plan.
	 	 
	6.	ADJUSTMENT OF OPTION PRICE AND NUMBER
OF OPTION SHARES
	 	 
	6.1	Share Reorganization
	 	 
	 	Whenever the Company issues
Shares to all or substantially all holders of Shares by way of a stock dividend or other distribution, or subdivides all outstanding
Shares into a greater number of Shares, or combines or consolidates all outstanding Shares into a lesser number of Shares (each
of such events being herein called a “Shares Reorganization”) then effective immediately after the record date
for such dividend or other distribution or the effective date of such subdivision, combination or consolidation, for each Option:

 

	 	(a)	the
Option Price will be adjusted to a price per Share which is the product of

 

		(i)	the Option Price in effect immediately before that effective date or record; and

 

		(ii)	a fraction the numerator of which is the total number of Shares outstanding on that
                                                                 effective date or record date before giving effect to the Share Reorganization, and the denominator of which is the total
                                                                 number of Shares that are or would be outstanding immediately after such effective date or record date after giving effect to
                                                                 the Share Reorganization; and

 

	 	(b)	the number
of Unissued Option Shares will be adjusted by multiplying (i) the number of Unissued Option Shares immediately before such effective
date or record date by (ii) a fraction which is the reciprocal of the fraction described in subsection (a)(ii).

 

	6.2	Special
Distribution
	 	 
	 	Subject to the prior approval
of the Exchanges, whenever the Company issues by way of a dividend or otherwise distributes to all or substantially all holders
of the Shares:

 

	 	(a)	shares
of the Company, other than the Shares;

 

 

 

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	 	(b)	evidences of indebtedness;
	 	 	 
	 	(c)	any cash or other assets, excluding cash dividends (other than cash dividends which the board of directors of the Company has determined
to be outside the normal course); or
	 	 	 
	 	(d)	
rights, options or warrants;

 

	 	then to the extent that
such dividend or distribution does not constitute a Share Reorganization (any of such non excluded events being herein called a
“Special Distribution”), and effective immediately after the record date at which holders of Shares are determined
for purposes of the Special Distribution, for each Option the Option Price will be reduced, and the number of Unissued Option Shares
will be correspondingly increased, by such amount, if any, as is determined by the Board in its sole and unfettered discretion
to be appropriate in order to properly reflect any diminution in value of the Shares as a result of such Special Distribution.
	 	 
	6.3	Corporate
Reorganization
	 	 
	 	Whenever there is:

 

		(a)	a reclassification of outstanding Shares, a change of Shares into other
shares or securities, or any other capital reorganization of the Company, other than as described in subsections 6.1 or 6.2;

 

		(b)	a consolidation, merger or amalgamation of the Company with or into another
corporation resulting in a reclassification of outstanding Shares into other shares or securities or a change of Shares into other
share or securities; or

 

		(c)	a transaction whereby all or substantially all of the Company's undertaking
and assets become the property of another corporation;

 

	 	(any such event being herein
called a "Corporate Reorganization") the Optionee will have an option to purchase (at the times, and
subject to the terms and conditions set out in the Plan) and will accept on the exercise of such option, in lieu of the Unissued
Option Shares which he would otherwise have been entitled to purchase, the kind and amount of shares or other securities or property
that he would have been entitled to receive as a result of the Corporate Reorganization if, on the effective date thereof, he had
been the holder of all Unissued Option Shares or if appropriate, as otherwise determined by the Board.
	 	 
	6.4	Determination
of Option Price and Number of Unissued Option Shares
	 	 
	 	If any questions arise at any
time with respect to the Option Price or number of Unissued Option Shares deliverable upon exercise of an Option following a Shares
Reorganization, Special Distribution or Corporate Reorganization, such questions shall be conclusively determined by the Company's
auditors, or, if they decline to so act, any other firm of Chartered Professional Accountants in Vancouver, British Columbia, that
the Board may designate and who will have access to all appropriate records and such determination will be binding upon the Company
and all Optionees.

 

 

 

 

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	6.5	Regulatory
Approval
	 	 
	 	Any adjustment to the Option
Price or the number of unissued Option Shares purchasable under the Plan pursuant to the operation of any one of subsections 6.1,
6.2 or 6.3 is subject to the approval of the Exchanges and any other governmental authority having jurisdiction.
	 	 
	7.	SHARE BONUS PLAN
	 	 
	7.1	Participants
	 	 
	 	The Board shall have the
right, subject to subsection 7.2, to issue or reserve for issuance, for no cash consideration, to any senior officer or employee
of the Company or an affiliate of the Company or to an issuer, all of the voting securities of which are held by a director, senior
officer or employee of the Company or an affiliate of the Company, any number of Shares as a discretionary bonus subject to such
provisos and restrictions as the Board may determine. The price at which such Shares are issued shall be equal to (i) the Market
Price or (ii) the Market Price less the applicable discount under the private placement rules of the Exchange, provided that if
a discount is applied the Shares issued shall be subject to a 12 or 14 month hold period, whichever is applicable, as if the transaction
had been structured as a private placement.
	 	 
	7.2	Number
of Shares
	 	 
	 	Shares reserved for issuance
and issued under the Share Bonus Plan shall be subject to the limitations set out in subsection 4.2. In addition to those limitations,
(a) the number of Shares issuable under the Share Bonus Plan to any one Optionee that is employed by the Company in an investor
relations capacity shall not exceed 2% of the total number of issued and outstanding Shares on a non-diluted basis, and (b) Shares
may not be issued to non-employee directors under the Share Bonus Plan. The aggregate maximum number of Shares issued under the
Share Bonus Plan in each calendar quarter shall not exceed the lesser of 18,750 and such number of Shares as has an aggregate value
of not more than $50,000 based on the Market Price as at the end of that quarter provided that the aggregate maximum number of
Shares issued under the Share Bonus Plan shall not exceed 31,250 Shares.
	 	 
	7.3	Necessary
Approvals
	 	 
	 	The obligation of the Company
to issue and deliver any Shares pursuant to an award made under the Share Bonus Plan will be subject to all necessary approvals
of any securities regulatory authority having jurisdiction over the Shares.
	 	 
	8.	AMENDMENT AND TERMINATION OF THE PLAN
	 	 
	8.1	The Board shall have the power to, at any time and
from time to time and without shareholder approval, either prospectively or retrospectively, amend, suspend or terminate the Plan
or any Option granted under the Plan, including, without limiting the generality of the foregoing, changes of a clerical or grammatical
nature, changes regarding the persons eligible to participate in the Plan, changes regarding the right to exercise Options after
termination in accordance with Section 5.4 and changes regarding the vesting of Options; provided however that:

 

 

 

    	 	11	 

     

    

 

	 	(a)	such amendment, suspension or termination is in accordance
    with Applicable Laws;
	 	 	 
	 	(b)	no such amendment, suspension or termination shall be made at any time to the extent such action would materially adversely affect the existing rights of an Optionee with respect to any then outstanding
Option, as determined by the Board, without his or her consent in writing;
	 	 	 
	 	(c)	the Board shall obtain shareholder approval of:

 

	 	(i)	any amendment to the maximum number of Shares specified in subsection 4.2 in respect of which Options may be granted under the Plan (other than pursuant to section 6);
	 	 	 
	 	(ii)	
any amendment that would reduce the exercise price of an outstanding Option (other than pursuant to section 6);
	 	 	 
	 	(iii)	any amendment that would extend the term of any Option granted under the Plan beyond the Expiry Date;
	 	 	 
	 	(iv)	any cancellation and re-issue of Options;
	 	 	 
	 	(v)	any amendments to eligible participants that may permit the introduction or re-introduction of non-employee directors on a discretionary basis or amendments that increase limits previously
imposed on non-employee director participation;
	 	 	 
	 	(vi)	any amendment which would permit Options granted under the Plan to be transferable or assignable other than for normal estate settlement purposes; and
	 	 	 
	 	(vii)	any amendment to this Section 8.1.

 

	8.2	If the Plan is terminated, the provisions
of the Plan and any administrative guidelines and other rules and regulations adopted by the Board and in force on the date of
termination will continue in effect as long as any Option or any rights pursuant thereto remain outstanding and, notwithstanding
the termination of the Plan, the Board shall remain able to make such amendments to the Plan or the Options as they would have
been entitled to make if the Plan were still in effect.
	 	 
	9.	ADDITIONAL PROVISIONS CONCERNING U.S.
OPTIONEES
	 	 
	9.1	Options granted to a U.S. Optionee will
generally be Incentive Stock Options, provided however, that the Board may, at its discretion, at the time of the grant of the
Options, make a determination as to whether the Options will be deemed Incentive Stock Options or Non-Qualified Stock Options.
	 	 
	9.2	Options
granted to an Optionee who is a United States citizen or resident within the meaning of the Code and who is not an employee of
the Company or a U.S. Subsidiary will not be Incentive Stock Options. Any Option Agreement with such an Optionee for a grant of
Options under the Plan will state that the Options granted thereunder are Non-Qualified Stock Options for U.S. income tax purposes.

 

 

 

 

    	 	12	 

     

    

 

	9.3	In addition to the terms and conditions
of Options granted under the Plan referred to in the preceding sections, Options granted to a U.S. Optionee that are granted by
the Board as Incentive Stock Options will be subject to the following terms and conditions:

 

		(a)	Options will be designated in the written Option Agreement, attached
                                                                hereto as Schedule "B", between the Company and the U.S. Optionee as either Incentive Stock Options or
                                                                Non-Qualified Stock Options;

 

		(b)	If the U.S. Optionee is directly or indirectly the beneficial owner of more
than 10% of the combined voting power of all classes of shares in the capital of the Company or a Subsidiary at the time an Option is
granted to the U.S. Optionee, the exercise price of such Option will be equal to at least 110% of the Market Price of the shares,
as defined in section 2, and the term of the Option shall be five years from the date of grant thereof or such shorter term as
may be provided in the Option Agreement;

 

		(c)	Options may not be transferred, assigned or pledged in any manner other
than by will or applicable laws of descent and distribution and shall be exercisable during the Optionee's lifetime only by the Optionee;

 

		(d)	No Options may be granted after the date immediately preceding the
                                                                tenth anniversary of the earlier of the date this Plan was adopted or was approved by the Company's shareholders, except
                                                                that if an amendment and restatement of this Plan has subsequently been approved by the Company's shareholders, no Options
                                                                may be granted after the date immediately preceding the tenth anniversary of the date of such subsequent approval; and

 

		(e)	notwithstanding any other provision of this Plan, such Option by its terms
must not be exercisable after the expiry of 10 years from the date the Option is granted.

 

	9.4	If a U.S. Optionee is granted Options under the Plan, the Option Agreement
with the U.S. Employee will contain acknowledgements by the U.S. Employee that:

 

		(a)	notwithstanding a designation of Options granted to a U.S.
                                                          Optionee as Incentive Stock Options, to the extent that the aggregate fair market value, determined as of the date such
                                                          Options were granted, of the Shares issuable on exercise of Options which are exercisable for the first time by any U.S.
                                                          Optionee during any calendar year exceeds U.S. $100,000, such excess Options shall not be treated as Incentive Stock Options;
                                                          and

 

		(b)	in order for Options granted under the Plan to be treated
                                                          as Incentive Stock Options:

 

		(i)	Shares purchased on the exercise of an Option must not be sold or otherwise disposed of within 2 years from the date the Option was granted, or within 1 year from the date the Option
                                                                was exercised;

 

		(ii)	if a U.S. Optionee's employment with the Company terminates for any reason other than total disability or death as provided in (iii) or (iv), the U.S. Optionee must maintain his status as an
                                                                 employee of the Company or Subsidiary at all times during the period beginning on the date the Option is granted and ending 3
                                                                 months before the date an Option is exercised;

 

 

 

 

 

    	 	13	 

     

    

 

		(iii)	if a U.S. Optionee's employment with the Company terminates because of "total
                                                                  disability," his or her Option must be exercised before the date 12 months after the date of termination. The term
                                                                  "total disability" means a medically determinable mental or physical impairment that is expected to result in death
                                                                  or has lasted or is expected to last for a continuous period of 12 months or more and that, in the opinion of the Company and
                                                                  two independent physicians, causes the Optionee to be unable to perform his or her duties as an employee, director, officer
                                                                  or consultant of the Employer and unable to be engaged in any substantial gainful activity. Total disability shall be deemed
                                                                  to have occurred on the first day after two independent physicians have furnished their written opinion of total disability
                                                                  to the Company and the Company has reached an opinion of total disability; and

 

		(iv)	if a U.S. Optionee dies while employed with the Company, his or her Option must be
                                                                 exercised within one year after the date of death.

 

	 	(c)	The acknowledgement
of the U.S. Optionee in (b)(ii) above does not confer upon the U.S. Optionee any right with respect to continuation of his employment
relationship with the Company, nor will it interfere in any way with the Company's right to terminate his employment relationship
at any time, with or without cause.

 

	9.5	Unless
and until Shares issuable upon the exercise of Options are registered under the United States Securities Act of 1933, Shares issued
under this Plan to an Optionee who is a resident of the United States of America will contain the following legend, as amended
or supplemented by applicable laws:
	 	 
	 	THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND MAY NOT BE OFFERED, SOLD, OR OTHERWISE TRANSFERRED
OR ASSIGNED EXCEPT (A) TO THE COMPANY, (B) OUTSIDE THE UNITED STATES IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT,
IF AVAILABLE, OR (C) INSIDE THE UNITED STATES (1) PURSUANT TO THE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED
BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN COMPLIANCE WITH APPLICABLE STATE SECURITIES LAWS OR (2) IN A TRANSACTION THAT DOES
NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE STATE SECURITIES LAWS, AND, IN CONNECTION WITH ANY TRANSFERS
PURSUANT TO (C)(1) OR (C)(2) ABOVE, THE SELLER HAS FURNISHED TO THE COMPANY AN OPINION OF COUNSEL OF RECOGNIZED STANDING, REASONABLY
SATISFACTORY TO THE COMPANY, TO THAT EFFECT.
	 	 
	9.6	Unless
otherwise determined by the Board, if a U.S. Employee of the Company or any parent or subsidiary of the Company is a non-exempt
employee subject to the overtime compensation provisions of Section 7 of the United States Fair Labor Standards Act (the "FLSA"),
any option granted to that employee shall be subject to the following restrictions: (i) the option price shall be at least 85
percent of the Market Price of the Common Stock subject to the option on the date it is granted; and (ii) the option shall not
be exercisable until at least six months after the date it is granted; provided, however, that this six month restriction on exercisability
will cease to apply if the employee dies, becomes disabled or retires, there is a change in ownership of the Company, or in other
circumstances permitted by regulation, all as prescribed in Section 7(e)(8)(B) of the FLSA.

 

 

 

 

    	 	14	 

     

    

 

	9.7	Notwithstanding
this section 9, the Company does not assume responsibility for the income or other tax consequences for Optionees or U.S. Optionees
under the Plan and they are advised to consult their own tax advisors.
	 	 
	10.	MISCELLANEOUS
	 	 
	10.1	Right
to Employment
	 	 
	 	Neither this Plan nor any
of the provisions hereof shall confer upon any Optionee any right with respect to employment or continued employment with the Company
or any subsidiary of the Company or interfere in any way with the right of the Company or any subsidiary of the Company to terminate
such employment.
	 	 
	10.2	Necessary
Approval
	 	 
	 	The Plan shall be effective
only upon the approval of the shareholders of the Company given by way of an ordinary resolution. Any Options granted under this
Plan prior to such approval shall only be exercised upon the receipt of such approval. The obligation of the Company to sell and
deliver Shares in accordance with the Plan is subject to the approval of the Exchanges and any governmental authority having jurisdiction.
If any shares cannot be issued to any Optionee for any reason, including, without limitation, the failure to obtain such approval,
then the obligation of the Company to issue such Shares shall terminate and any Option Price paid by the Optionee to the Company
shall be immediately refunded to the Optionee by the Company.
	 	 
	10.3	Administration
of the Plan
	 	 
	 	The Board shall, without
limitation, have full and final authority in their discretion, but subject to the express provisions of the Plan, to interpret
the Plan and to make all other determinations deemed necessary or advisable in respect of the Plan. Except as set forth in subsection
6.4, the interpretation and construction of any provision of the Plan by the Directors shall be final and conclusive. Administration
of the Plan shall be the responsibility of the appropriate officers of the Company and all costs in respect thereof shall be paid
by the Company.
	 	 
	10.4	Income
Taxes
	 	 
	 	As a condition of and prior
to participation in the Plan any Optionee shall on request authorize the Company in writing to withhold from any remuneration otherwise
payable to him or her any amounts required by any taxing authority to be withheld for taxes of any kind as a consequence of his
or her participation in the Plan. If additional withholding is or becomes required (as a result of exercise of an option or as
a result of disposition of shares acquired pursuant to exercise of an option) beyond any amount deposited before delivery of the
certificates, the Optionee shall pay such amount, in cash or by check, to the Company on demand. If the Optionee fails to pay the
amount demanded, the Company or the Employer may withhold that amount from other amounts payable to the Optionee, including salary,
subject to applicable law.

 

 

 

 

 

    	 	15	 

     

    

 

	10.5	Form of Notice
	 	 
	 	A notice given to the Company shall
be in writing, signed by the Optionee and delivered to the Secretary of the Company.
	 	 
	10.6	No representation or Warranty
	 	 
	 	The Company makes nor representation
or warranty as to the future market value of any Shares issued in accordance with the provisions of the Plan.
	 	 
	10.7	Compliance with Applicable Law
	 	 
	 	If any provision of the Plan or
any Option Agreement contravenes any law or any order, policy, by law or regulation of any regulatory body or Exchange having authority
over the Company or the Plan, then such provision shall be deemed to be amended to the extent required to bring such provision
into compliance therewith.
	 	 
	10.8	No Assignment
	 	 
	 	No Optionee may assign any of his or her rights under
the Plan.

 

* * *

 

Approved on April 4, 1997, amended on December
31, 1997, March 30, 1998, December 6, 2000, April 5, 2001, December 6, 2001, December 4, 2002, December 5, 2002, December 13, 2006,
December 13, 2007, June 28, 2010, June 26, 2013, May 18, 2016, May 16, 2017 and May 14, 2019.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	16Exhibit 10.2

 

INTRINSYC TECHNOLOGIES
CORPORATION

RESTRICTED SHARE
UNIT PLAN

 

ARTICLE 1

PURPOSE

 

1.1       Purpose

 

The purpose of this Restricted
Share Unit Plan is to provide directors, officers, employees and consultants of the Company and its Subsidiaries with Restricted
Share Units as incentive compensation in order to allow them to participate in the long-term success of the Company and to promote
a greater alignment of their interests with the interests of the Company’s shareholders.

 

ARTICLE 2

INTERPRETATION

 

2.1       Definitions

 

As used in the Plan, the following terms have the
respective meanings:

 

		(a)	“Account” means a bookkeeping account maintained for each Participant
on the books of the Company which will be credited with Restricted Share Units in accordance with the terms of the Plan;

 

		(b)	“Applicable Withholding Taxes” is defined in Section 3.11;

 

		(c)	“Associate” has the meaning ascribed to that term in the Securities Act (Ontario);

 

		(d)	“Award” means an award of RSUs granted in accordance with Section 3.2;

 

		(e)	“Award Agreement” means a written agreement between the Company
and a Participant in a form approved by the Plan Administrator, evidencing the terms and conditions on which an Award has been
granted under this Plan;

 

		(f)	“Blackout Period” is defined in Section 3.9(d);

 

		(g)	“Board” means the board of directors of the Company;

 

		(h)	“Cause” means “cause” as defined in the Participant’s employment
agreement with the Company or a Subsidiary, and if there is no such meaning given or agreement, has the meaning as defined by applicable law or,
if not so defined, such term shall refer to circumstances where an employer can terminate an individual’s employment without
notice; provided, however, that for U.S. Taxpayers, such circumstances shall be limited to those following the Participant’s
engagement in any misconduct, dishonesty, insubordination or other act adversely affecting the goodwill of the Company or a Subsidiary,
or adversely affecting the Company’s or a Subsidiary’s relationships with their customers or employees, including without
limitation, the Participant’s conviction of a felony or crime of moral turpitude;

 

 

 

 

    	 	1	 

     

    

 

	 	(i)	“Change
of Control” means:

 

		(i)	the completion of a transaction the result of which is that a Person, or
any group of two or more Persons acting jointly or in concert, acquires or becomes the holder of securities of the Company representing
50% or more of the aggregate voting power of all of the Company’s then issued and outstanding securities; or

 

		(ii)	the consummation of an amalgamation, arrangement, merger or other

transaction or series of related transactions resulting in the combination of the Company with or into another entity, where the
shareholders of the Company immediately prior to such transaction or series of related transactions, directly or indirectly do
not continue to hold securities representing 50% or more of the aggregate voting power of the securities of the continuing or surviving
entity immediately following such transaction or series of related transactions;

 

		(iii)	a sale, transfer or other disposition or series of related sales, transfers
or

other dispositions, of all or substantially all of the Company’s assets (other than a sale, transfer or other disposition
to a wholly-owned Subsidiary), including an exclusive irrevocable licensing of all or substantially all of the Company’s
intellectual property to a third party that would otherwise qualify as a sale of all or substantially all of the assets of the
Company under applicable law (other than licensing to a wholly-owned subsidiary of the Company);

 

		(iv)	any declaration or payment of any dividend or any other distribution (including
return of capital) on any of the Company’s capital stock or other equity securities or series of such declarations or payments
involving all or substantially all of the assets the Company held prior to the declaration or payment or series of declarations
or payments;

 

provided that, unless otherwise
determined by the Board, a “Change of Control” shall not include (i) an amalgamation, merger or consolidation of the
Company with or into a Subsidiary; (ii) a transaction undertaken solely for the purpose of changing the Company’s place of
domicile or jurisdiction of incorporation; or (iii) a bona fide equity financing of the Company;

 

	 	(j)	“Code”
means the United States Internal Revenue Code of 1986, as amended;

 

		(k)	“Committee” means the Compensation and Corporate Governance
Committee of the Board or such other committee or persons as may be designated by the Board;

 

		(l)	“Company” means Intrinsyc Technologies Corporation, a corporation
governed by the federal laws of Canada, and any successor;

 

 

 

 

    	 	2	 

     

    

 

		(m)	“Controlled” means, in relation to an entity that is controlled
by a Person, if:

 

		(i)	in the case of an entity which is a corporation, the Person holds
                                                                voting securities of the entity carrying more than 50% of the votes for the election of directors are held, directly or
                                                                indirectly, otherwise than by way of security only, by or for the benefit of the Person and the votes carried by the
                                                                securities are entitled, if exercised, to elect a majority of the directors of the entity;

 

		(ii)	in the case of an entity which is a partnership, other than a limited partnership, the Person holds more than 50% of the interests in the partnership; or

 

		(iii)	in the case of an entity which is a limited partnership, the Person is a
general partner of the entity;

 

		(n)	“Disability” or “Disabled” means a physical or mental
impairment sufficient to make the individual unable to perform his or her duties with the Company or a Subsidiary as adjudicated
by a third party such as, but not limited to, the Company’s insurance carrier(s) or WorkSafe BC or equivalent entity in other
jurisdictions;

 

		(o)	“Distribution Date” is defined in Section 3.9(a);

 

		(p)	“Final Date” is defined in Section 3.6;

 

		(q)	“Incentive Plan” means share option, share option plan, employee
stock purchase plan or any other compensation or incentive mechanism involving the issuance or potential issuance of Shares to
directors, officers, employees or consultants of the Company;

 

		(r)	“Insider” has the meaning ascribed thereto in the TSX Company
Manual;

 

		(s)	“Multiplier” means a percentage rate (rounded to two decimal
points) calculated in the manner set out in the Award Agreement, to be applied upon the achievement of Performance Criteria set
out in the Award Agreement;

 

		(t)	“Participant” means any Person who (i) is eligible to participate
in the Plan in accordance with Section 3.1, and (ii) has an RSU which has not yet been paid;

 

		(u)	“Payment Shares” is defined in Section 3.9(a);

 

		(v)	“Performance Criteria” means such financial and/or personal
performance criteria as may be set out in the Award Notice, which may be applied to the Company as a whole, any Subsidiary or any business unit of the
Company or a Subsidiary, either individually, alternatively or in any combination, and measured either in total, incrementally
or cumulatively over a specified performance period on an absolute basis or relative to a pre-established target, to previous years’
results or to a designated comparison group;

 

		(w)	“Person” includes an individual, sole proprietorship, partnership,
unincorporated association, unincorporated syndicate, unincorporated organization, trust, body corporate, and a natural person in his or her capacity
as trustee, executor, administrator or other legal representative;

 

 

 

 

    	 	3	 

     

    

 

		(x)	“Plan” means this Restricted Share Unit Plan, as amended from time to time;

 

		(y)	“Plan Administrator” means the Board, the Committee or any Person
to whom the Board or Committee has delegated authority for plan administration pursuant to Section 6.2;

 

		(z)	“Restricted Share Unit” or “RSU” means a bookkeeping
entry equivalent in value to a Share, credited to a Participant’s Account in accordance with Section 3.2;

 

	 	(aa)	
“Retirement” means termination of employment of a Participant from active employment with the Company and its Subsidiaries
(other than for Cause) where the Participant:

 

		(i)	in the case of the Chief Executive Officer (“CEO”) and the CEO’s
direct reports, the retirement has been approved by the Board and the Participant complies with such conditions as the Board may require
in connection with its approval; or in the case of all other Participants, the Participant has attained (i) age sixty-five (65)
or reaches age fifty-five (55) with at least (ten) 10 years of service, or (ii) at or after such lesser age and/or service thresholds
as the Plan Administrator may determine;

 

		(ii)	has given the Company or its Subsidiary employing the Participant
                                                                 formal notice of their intention to retire at least six months in advance, or such lesser advance notice as the Plan
                                                                 Administrator may approve in its discretion;

 

		(iii)	is paid no cash severance payment or retiring allowance or equivalent; and

 

		(iv)	has complied with such transitional activities as may be reasonably
                                                                 required by the Company or its Subsidiary employing the Participant during the period from the date notice of the
                                                                 Participant’s intention to retire has been given until the date the Participant ceases active employment with the
                                                                 Company and its Subsidiaries.

 

	 	(bb) 	“Section 409A” means section 409A of the Code, including any authority and guidance issued thereunder;

 

	 	(cc)	
“Share” means a common share of the Company or, in the event of an adjustment contemplated by Section 5.2, such other
number or type of securities as the Board or the Committee may determine;

 

	 	(dd) 	“Subsidiary” means any entity
directly or indirectly Controlled by the Company;

 

	 	(ee)	“Termination Date” means the date designated by the Participant and the Company or a Subsidiary in a written employment
agreement, or other written agreement between the Participant and Company or a Subsidiary, or if no written employment agreement
exists, the date designated by the Company or a Subsidiary, as the case may be, on which a Participant ceases to be a Participant
of the Company or the Subsidiary, as the case may be, provided that, in the case of termination of employment by voluntary resignation
by the Participant, such date shall not be earlier than the date notice of resignation was given, and “Termination Date”
specifically does not mean the date of termination of any period of reasonable notice that the Company or the Subsidiary (as the
case may be) may be required by law to provide to the Participant;

 

 

 

 

    	 	4	 

     

    

 

	 	(ff)	“U.S. Taxpayer” means a
Participant who is a U.S. citizen, U.S. permanent resident or U.S. tax resident for the purposes of the Code or a Participant
for whom the Award of Restricted Share Units under this Plan would otherwise be subject to U.S. taxation under the Code; and

 

	 	(gg) 	“Vesting Date” means the date on which an RSU awarded to a Participant vests, as specified in the applicable Award
Agreement; provided that, for greater certainty, in no case shall the Vesting Date for any RSU occur after the Final Date applicable
to the RSU.

 

2.2       Certain
Rules of Interpretation

 

		(a)	Whenever the Plan Administrator exercises discretion in the administration
of this Plan, the term “discretion” means the sole and absolute discretion of the Board, Committee or Plan Administrator, as
the case may be.

 

		(b)	As used herein, the terms “Article”, “Section”,
“Subsection” and “clause” mean and refer to the specified Article, Section, Subsection and clause of this Plan, respectively.

 

		(c)	Words importing the singular include the plural and vice versa and words
importing any gender include any other gender.

 

		(d)	Unless otherwise specified, time periods within or following which any payment
is to be made or act is to be done shall be calculated by excluding the day on which the period begins, including the day on which
the period ends, and abridging the period to the immediately preceding business day in the event that the last day of the period
is not a business day. In the event an action is required to be taken or a payment is required to be made on a day which is not
a business day such action shall be taken or such payment shall be made by the immediately preceding business day.

 

		(e)	Unless otherwise specified, all references to money amounts are to Canadian

currency.

 

		(f)	The headings used herein are for convenience only and are not to affect
the interpretation of this Plan.

 

 

 

 

    	 	5	 

     

    

 

ARTICLE 3

AWARDS

 

3.1       Eligibility

 

All employees, directors,
officers or consultants of the Company or a Subsidiary are eligible to receive RSUs under the Plan. The Board or the Committee
reserves the right to restrict eligibility or otherwise limit the number or categories of Persons eligible for participation in
the Plan at any time.

 

3.2       Awarding of Restricted Share Units

 

The Plan Administrator
shall specify the number or the manner of determining the number of Restricted Share Units awarded to each Participant and any
other conditions relating to the Restricted Share Units that the Plan Administrator deems appropriate. Restricted Share Units may
be granted to any eligible individuals at any time, and need not be made to eligible individuals, at the same time. RSUs allocated
to Participants are awarded in respect of services rendered by the Participant following the date of the Award. In no event may
RSUs be allocated to Participants for, or in respect of, services rendered in any period prior to the commencement of the calendar
year in which the RSUs are allocated.

 

3.3       Compliance with Securities Laws

 

Any Restricted Share Units
granted under this Plan shall be subject to the requirement that, if at any time the Company shall determine that the listing,
registration or qualification of the Shares issuable pursuant to settlement of such RSUs upon any securities exchange or under
any securities laws of any jurisdiction, or the consent or approval of a stock exchange, including the Toronto Stock Exchange,
and any securities commissions or similar securities regulatory bodies having jurisdiction over the Company is necessary as a condition
of, or in connection with, the grant or exercise of such RSUs or the issuance of Shares thereunder, such Shares may not be issued
pursuant to such Restricted Share Units unless such listing, registration, qualification, consent or approval shall have been effected
or obtained on conditions acceptable to the Plan Administrator. Nothing herein shall be deemed to require the Company to apply
for or to obtain such listing, registration, qualification, consent or approval. Participants shall, to the extent applicable,
cooperate with the Company in complying with such legislation, rules, regulations and policies.

 

3.4       Total Shares Subject to Restricted Share
Units

 

		(a)	Subject to adjustment as provided for in Section 5.2 and any subsequent
amendment to the Plan, the aggregate number of Shares reserved for issuance pursuant to Restricted Share Units granted under the Plan shall
not exceed 500,000 Shares.

 

		(b)	To the extent any Restricted Share Units (or portion(s) thereof) under the
Plan terminate or are cancelled for any reason prior to settlement in full, or are surrendered to the Company by the Participant, except
surrenders relating to the tax withholding obligations related to any such Award, the Shares subject to such Awards (or portion(s)
thereof) will again become available for issuance pursuant to Restricted Share Units granted under this Plan.

 

 

 

 

    	 	6	 

     

    

 

	 	(c)	Notwithstanding
anything in this Plan, but subject to Section 3.4(a), the following limitations apply:

 

		(i)	the number of Shares issuable to any one Participant under the
                                                                Incentive Plans shall not exceed 5% of the total number of issued and outstanding Shares on a non-diluted basis;

 

		(ii)	the number of Shares which may be issuable under the Incentive Plans within a one year period to any one Participant who is an Insider and any Associate of such Insider, shall not exceed 5% of
                                                                 the total number of issued and outstanding Shares on a non-diluted basis;

 

		(iii)	the number of Shares issuable to Insiders at any time, and the number of
Shares issued to all Insiders within any one year period under the Incentive Plans, shall not exceed 10% less one Share of the
total number of issued and outstanding Shares on a non-diluted basis; and

 

		(iv)	the number of Shares reserved for issuance to non-employee directors under
the Plan at any time shall not exceed 1% of the total number of issued and outstanding Shares on a non-diluted basis, and the aggregate
value of any grant under this Plan to any one non-employee director in any calendar year shall not exceed $100,000 (based on the
grant date fair value of the Shares underlying the Restricted Share Units).

 

3.5       Award Agreements

 

Each grant of Restricted
Share Units granted under this Plan will be evidenced by an Award Agreement substantially in the form of the agreement set out
in Schedule “A”. Each Award Agreement will contain such provisions as are required by this Plan and any other provisions
that the Committee may direct. Each Award Agreement will be subject to the applicable provisions of this Plan except to the extent
that the Committee, in its discretion, determines to vary the terms of this Plan in the Award Agreement and the Award Agreement
identifies which terms of the Plan are being varied. Any one officer of the Company is authorized and empowered to execute and
deliver, for and on behalf of the Company, an Award Agreement to each Participant granted an Award pursuant to this Plan (other
than to himself or herself), except that an Award Agreement for the Chief Executive Officer shall be signed by the Chair of the
Board or the Chair of the Committee. Award Agreements need not be identical between different Participants or with respect to different
Restricted Share Unit grants to the same Participant.

 

3.6       Vesting

 

A grant of Restricted Share
Units may provide that the Restricted Share Units to be credited to a Participant’s Account shall be subject to vesting over
a period of time and/or meeting certain Performance Criteria. Any vesting requirements applicable to all or any portion of an Award
shall be set forth in the Award Agreement; provided that any Restricted Share Units that remain unvested on December 31st of the
third calendar year following the year in which the Award occurred (the “Final Date”) shall expire and be cancelled.
Except as otherwise provided in the Plan, each vested RSU will be payable in accordance with Sections 3.9 and 3.10.

 

 

 

 

    	 	7	 

     

    

 

3.7       Performance Restricted Share Units

 

An Award Agreement may
provide that the number of Restricted Share Units credited to a Participant’s Account or the cash payment to be made in respect
of such Restricted Share Units shall be subject to adjustment pursuant to a Multiplier based on the achievement of Performance
Criteria as specified in the Award Agreement.

 

3.8       Adjustments to Performance Criteria
and Multiplier

 

The Committee may in its
discretion at any time after Restricted Share Units have been granted and prior to the issue of Shares pursuant to such Restricted
Share Units, make such adjustments as it deems appropriate to any of the Performance Criteria and/or the methodology for calculating
the Multiplier where:

 

		(a)	a relevant measure included in the Performance Criteria no longer exists,
has materially changed or is no longer relevant to the Company’s business;

 

		(b)	a company included in any peer group for purposes of assessing relative
performance has ceased to be publicly traded; or

 

		(c)	the Committee determines an adjustment should be made to reflect extraordinary
circumstances that were not anticipated at the time the RSUs were granted.

 

3.9       Form of Payment

 

		(a)	As soon as practicable after the Vested Date, and subject to Section 3.9(c),
the Company shall, at its sole election and option, either (i) issue to the Participant or to the Participant’s estate a
number of fully paid and non-assessable Shares equal to the number of Restricted Share Units in the Participant’s Account
that became payable on the Vesting Date (the “Payment Shares”); or (ii) pay to the Participant or the Participant’s
estate a lump sum payment in cash equal to the number of Restricted Share Units in the Participant’s Account that became
payable on the Vesting Date multiplied by the price as of the close of trading for the Shares on such Vesting Date, in each case
less Applicable Withholding Taxes. As of the date of such distribution or payment (the “Distribution Date”), the Restricted
Share Units in respect of which such Shares are distributed or cash payment in lieu of Shares is made shall be cancelled and no
further payments shall be made to the Participant under the Plan in relation to such Restricted Share Units.

 

		(b)	Notwithstanding Section 3.9(a):

 

		(i)	as a condition to the distribution of cash in payment of any Restricted
Share Units, the Company may, at its sole discretion, (A) require the Participant to first pay to the Company or (B) require the Company
to deduct from such cash amount, Applicable Withholding Taxes; and

 

		(ii)	as a condition to the issuance of Shares in payment of any Restricted
                                                                 Share Units, the Company may, at its sole discretion, (A) require the Participant to first pay to the Company in cash,
                                                                 or (B) require the Company to reduce the number of Shares to be distributed to such Participant by, an amount equal in value
                                                                 (based on the price as of the close of trading for the Shares as of the Distribution Date) to the Applicable Withholding
                                                                 Taxes; and

 

 

 

 

    	 	8	 

     

    

 

	 	(iii) 	the Company shall advise the Participant in writing of any Applicable Withholding Taxes required in connection with the settlement
of the RSUs.

 

		(c)	Notwithstanding anything to the contrary in this Section 3.9, the Distribution
Date shall not be later than the Final Date applicable to the particular RSU.

 

		(d)	If the Distribution Date falls within a trading blackout period imposed
by or on the Company for securities law purposes (the “Blackout Period”), the Company shall, subject to Section 3.9(c), automatically
extend such Distribution Date to the second business day after the end of the Blackout Period.

 

3.10       Change of Control

 

Subject to Sections 3.6 and 3.9, in the event
of a Change of Control transaction:

 

		(a)	all outstanding unvested RSUs may, at the discretion of the Plan Administrator,
be accelerated and be fully vested;

 

		(b)	immediately prior to a Change of Control and subject to section to Section
3.10(a), the Company may, at its sole election and option, settle any vested RSUs by issuance of Payment Shares or payment of cash in lieu
of Payment Shares;

 

		(c)	each Participant shall consent to, vote for and raise no objections against,
and waive all dissent and appraisal rights (if any) with respect to, the Change of Control transaction; and

 

		(d)	if the Change of Control transaction is structured as a sale of Shares,
and the Participants are issued Payment Shares pursuant to Section 3.10(b), each Participant shall agree to sell and shall be permitted
to sell all of the Shares held by such Participant, including Shares issued pursuant to RSUs, on the terms and conditions approved
by the Board and subject to the provision of customary representations, warranties and indemnities.

 

3.11       Taxes and Other Withholdings

 

It is a condition of each
grant of Restricted Share Units that the Participant pays, or makes adequate arrangements satisfactory to the Company or a Subsidiary
to satisfy, when due, any or all income tax, social insurance, payroll tax, payment on account or other tax-related withholding
and any and all other amounts as it may be required by law to withhold (the “Applicable Withholding Taxes”) related
to the Restricted Share Units. The Company and its Subsidiary, as applicable, are authorized to deduct from wages or other cash
compensation payable to the Participant and from amounts payable to the Participant in connection with the Restricted Share Units
in such manner as the Company or the Subsidiary may determine in its discretion to satisfy any or all such Applicable Withholding
Taxes. Regardless of any action that the Company or a Subsidiary takes with respect to Applicable Withholding Taxes, the Participant
remains responsible for satisfying the Participant’s tax obligations with respect to the granting, vesting and payment of
Restricted Share Units. The Participant further acknowledges that the Company (a) makes no representations or undertakings regarding
the income tax, social insurance, payroll tax, or other tax treatment of any aspect of the Restricted Share Units, including the
grant, vesting or payment of the Restricted Share Units; and (b) does not commit to structure the terms of the Restricted Share
Units or any aspect of the Restricted Share Units to reduce or eliminate Participant’s liability for income tax, social insurance,
payroll tax, or other taxes or to achieve any particular tax result.

 

 

 

 

    	 	9	 

     

    

 

3.12       Dividend Equivalent

 

In the event a cash dividend
is paid to shareholders of the Company on the Shares while a Restricted Share Unit is outstanding, the Plan Administrator may,
in its sole discretion, elect to credit each Participant with additional Restricted Share Units. In such case, the number of additional
Restricted Share Units will be equal to the aggregate amount of dividends that would have been paid to the Participant if the Restricted
Share Units in the Participant’s Account on the record date had been Shares divided by the closing price of a Share on the
date on which dividends were paid by the Company. If the foregoing shall result in a fractional Restricted Share Unit, the fraction
shall be disregarded.

 

ARTICLE 4

TERMINATION OF EMPLOYMENT; FORFEITURE

 

4.1       Death
or Disability

 

Unless otherwise determined
by the Plan Administrator and set forth in an Award Agreement, if a Participant dies or becomes Disabled while employed by the
Company or a Subsidiary:

 

		(a)	a portion of the next instalment of any Restricted Share Units due to vest
shall immediately vest such portion to equal to the number of Restricted Share Units next due to vest multiplied by a fraction, the numerator
of which is the number of days elapsed since the date of vesting of the last instalment of the Restricted Share Units (or if none
have vested, the date of grant of the RSUs) to the date of Disability or death and the denominator of which is the number of days
between the date of vesting of the last instalment of the Restricted Share Units (or if none have vested, the date of grant of
the RSUs) and the date of vesting of the next instalment of the Restricted Share Units;

 

		(b)	any Performance Criteria assigned to any Restricted Share Units shall be
deemed to have been met at 100% of the specified target level of performance for such Performance Criteria;

 

		(c)	subject to Subsections 4.1(a) and 4.1(b), the date of Disability of a Participant
shall be deemed to be the Vested Date of such Participant’s Restricted Share Units, and any Restricted Share Units held by the
Participant that are not yet vested at the date of Disability or death shall be forfeited to the Company 30 days after the date
of Disability or death;

 

		(d)	such Participant’s eligibility to receive further grants of Restricted
Share Units under the Plan ceases as of the date of Disability or death; and

 

 

 

 

 

    	 	10	 

     

    

 

	 	(e)	Notwithstanding
Subsections 4.1(a), 4.1(b) and 4.1(c), the Plan Administrator may accelerate the vesting of all Restricted Share Units in the
event of death.

 

4.2       Termination of Employment

 

Subject to Section 4.3, unless otherwise specified
by the Plan Administrator in the Award Agreement:

 

		(a)	where a Participant’s employment is terminated by the Company or a
Subsidiary without Cause (whether such termination occurs with or without any or adequate reasonable notice, or with or without any or adequate
compensation in lieu of such reasonable notice), then any RSU held by the Participant that has not vested as of the Termination
Date is immediately forfeited and cancelled as of the Termination Date;

 

		(b)	where a Participant’s employment terminates by reason of voluntary
resignation by the Participant other than pursuant to Retirement, then any RSU held by the Participant that has not vested as of the Termination
Date is immediately forfeited and cancelled as of the Termination Date;

 

		(c)	where a Participant’s employment terminates by reason of Retirement, then any RSU held
                                                                by the Participant that has not vested as of the Termination Date is immediately forfeited and cancelled as of the date of
                                                                Retirement;

 

		(d)	where a Participant’s employment terminates by reason of termination
by the Company or a Subsidiary for Cause, then any RSUs held by the Participant, whether or not they have vested as of the Termination
Date, are immediately forfeited and cancelled as of the Termination Date;

 

		(e)	a Participant’s eligibility to receive further grants of Restricted
Share Units under this Plan ceases as of the date that the Company or a Subsidiary, as the case may be, provides the Participant with written notification
that the Participant’s employment is terminated in the circumstances contemplated by this Section 4.2, notwithstanding that
such date may be prior to the Termination Date; and

 

		(f)	notwithstanding Subsections 4.2(a) and 4.2(b), unless the Plan Administrator,
in its discretion, otherwise determines, at any time and from time to time, Restricted Share Units are not affected by a change of employment
or office within or among the Company or a Subsidiary for so long as the Participant continues to be an employee or officer of
the Company or a Subsidiary.

 

4.3       Participants’
Entitlement

 

Except as otherwise provided
in this Plan, Restricted Share Units previously granted under this Plan are not affected by any change in the relationship between,
or ownership of, the Company and an Subsidiary of the Company. For greater certainty, all grants of Restricted Share Units remain
outstanding and are not affected by reason only that, at any time, a Subsidiary of the Company ceases to be a Subsidiary of the
Company.

 

 

 

 

    	 	11	 

     

    

 

4.4       Clawback Terms

 

In the event any quarterly or
annual financial statements of the Company are restated at any time, whether or not the Participant had knowledge of the basis
for such restatement, the following adjustments shall be made to the Participant’s entitlement under the Plan if the Participant
held the office of Vice-President or a more senior office of the Company at any time during the period covered by the restated
financial statement:

 

		(a)	if no Shares have been issued pursuant to the RSUs, the Multiplier (based on the applicable Performance Criteria) shall be calculated or recalculated after taking into account such restatement of the
                                                                Company’s financial statements and the Participant’s entitlement hereunder shall otherwise remain unchanged;

 

		(b)	if Shares have been issued pursuant to the RSUs and the restatement takes place not more
                                                                than three years after such Shares were issued, the Multiplier shall be recalculated after taking into account such
                                                                restatement of the Company’s financial statements and the Participant shall be obligated to pay to the Company an
                                                                amount equal to the excess, if any, of the value the Participant received hereunder over the value the Participant would have
                                                                received under such recalculation;

 

		(c)	any payment required to be made pursuant to Section 4.4(b) shall be made within 30 days
                                                                of the date on which the Company advises the Participant of the Multiplier, as recalculated, and the resulting adjustment
                                                                amount; and

 

		(d)	the Plan Administrator may in its discretion reduce in whole or in part any reduction in
                                                                the Multiplier determined in accordance with this Section 4.4.

 

ARTICLE 5

REORGANIZATION

 

5.1       Reorganization of the Company

 

The existence of any Restricted
Share Units shall not affect in any way the right or power of the Company or its shareholders to make or authorize any adjustment,
recapitalization, reorganization or other change in the Company’s capital structure or its business, or any amalgamation,
combination, merger or consolidation involving the Company or to create or issue any bonds, debentures, shares or other securities
of the Company or the rights and conditions attaching thereto or to affect the dissolution or liquidation of the Company or any
sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar nature
or otherwise.

 

5.2       Adjustments and Reorganizations

 

In the event of any alteration
in the number or class of or change in the Shares of the Company resulting from any stock dividend, subdivision, consolidation
or reclassification of, or other change in, the Shares or the amalgamation, consolidation or merger of the Company, or other relevant
changes in the capital of the Company, such proportionate adjustments, if any, as are appropriate to reflect such a change shall
be made with respect to the number of Restricted Share Units credited to each Account and/or the number and type of securities
which shall constitute “Shares” under the Plan. In the event the Company is not the surviving company of a merger,
consolidation, amalgamation or plan of arrangement or other corporate restructuring with another company or in the event of a liquidation,
dissolution or reorganization and in the absence of any surviving corporation’s assumption of the Company’s obligations
with respect to Accounts, the Committee or its successor will determine in its discretion appropriate settlements of Accounts.

 

 

 

 

    	 	12	 

     

    

 

5.3       Discretion to Permit Vesting and Payment

 

Notwithstanding the provisions
of Sections 5.2 and Article 4, the Plan Administrator may, in its discretion, at any time prior to or following the events contemplated
in such Sections and Article 4, permit (a) the vesting of any or all Restricted Share Units held by a Participant, and (b) except
with respect to any Participant who is a U.S. Taxpayer, and whose Award of Restricted Share Units is subject to Section 409A, the
payment of such Restricted Share Units, in each case in the manner and on the terms authorized by the Plan Administrator.

 

5.4       Issue by Company of Additional Shares

 

Neither the issue by the Company
of shares of any class or securities convertible into or exchangeable for shares of any class, nor the conversion or exchange of
such shares or securities, affects, and no adjustment by reason thereof is to be made with respect to, the number of Shares that
may be acquired as a result of a grant of Restricted Share Units, except as expressly provided in this Article 5.

 

5.5       Fractions

 

No fractional Shares will be
issued pursuant to any Restricted Share Units. Accordingly, if, as a result of any adjustment under this Article 5, a Participant
would become entitled to a fractional Share, the Participant has the right to acquire only the adjusted number of full Shares and
no payment or other adjustment will be made with respect to the fractional Shares, which shall be disregarded.

 

ARTICLE 6

ADMINISTRATION

 

6.1       Authority of the Plan Administrator

 

The Plan Administrator has discretion to:

 

		(a)	determine from time to time which directors, officers, employees and consultants of the
                                                             Company or any Subsidiary shall be eligible to receive Restricted Share Units;

 

	 	(b)	make grants of Restricted Share Units under the Plan in such amounts, to such Persons and, subject
to the provisions of this Plan, on such terms and conditions as it determines including without limitation:

 

	 	(i)	the time
or times at which Restricted Share Units may be granted;

 

 

 

 

    	 	13	 

     

    

 

		(ii)	the conditions under which Restricted Share Units may be granted to Participants or may be forfeited to the Company, including any conditions relating to the attainment of specified Performance
                                                                 Criteria;

 

		(iii)	whether restrictions or limitations are to be imposed on the Shares issuable
pursuant to RSU grants, and the nature of such restrictions or limitations, if any; and

 

		(iv)	any acceleration of vesting, or waiver of termination regarding any grant
of RSUs, based on such factors as the Plan Administrator may determine;

 

		(c)	establish the form or forms of Award Agreements;

 

		(d)	cancel, amend, adjust or otherwise change any grant of RSUs under such circumstances
as the Plan Administrator may consider appropriate in accordance with the provisions of this Plan;

 

		(e)	make determinations with respect to the level of performance achieved with
respect to any Performance Criteria;

 

		(f)	establish the Multiplier, including the Multiplier to be calculated or recalculated
pursuant to Section 4.4 together with the resulting adjustment, and make any determination referred to in Section 4.4; and

 

		(g)	amend the Plan pursuant to Section 6.5 or determine the funded status of
the Plan pursuant to Section 7.6.

 

6.2       Administration

 

Except to the extent (i)
the Plan expressly states that authority with respect to a matter has been reserved to the Board under this Plan (and such authority
has not been delegated by the Board), (ii) the Board has made a determination pursuant to Section 6.1 or (iii) the Committee has
delegated its authority as Plan Administrator pursuant to Section 6.3, this Plan will be administered by the Committee and the
Committee has sole and complete authority, in its discretion, to exercise the authority set out in Sections 6.1(a), 6.1(b), 6.1(c),
6.1(d), 6.1(e) and 6.1(f) and, as Plan Administrator, to:

 

	 	(a)	construe
and interpret this Plan and all Award Agreements;

 

		(b)	establish, amend, prescribe and rescind administrative guidelines and other
rules and regulations relating to this Plan, including rules and regulations relating to sub-plans established for the purpose
of satisfying applicable foreign laws or for qualifying for favourable tax treatment under applicable foreign laws; and

 

		(c)	make all other determinations and take all other actions necessary or advisable
for the implementation and administration of this Plan.

 

6.3       Plan
Administrator

 

	 	(a)	The
initial Plan Administrator shall be the Committee; and

 

 

 

    	 	14	 

     

    

 

	 	(b)	The
Committee may, from time to time, delegate to any specified officer(s) of the Company or its Subsidiaries all or any of the powers
conferred on the Committee as Plan Administrator pursuant to this Plan, including the power to sub-delegate to other employees
of the Company or its Subsidiaries. In such event, the delegate or any sub-delegate will exercise the powers delegated to it in
the manner and on the terms authorized by the delegating party.

 

6.4       Determinations
Binding

 

Any decision made or action
taken by the Board, the Committee or any officers or employees to whom authority has been delegated pursuant to Section 6.3(b)
arising out of or in connection with the administration or interpretation of this Plan is final, conclusive and binding on the
Company, the affected Participant(s), their legal and personal representatives and all other Persons. Any such determination need
not be uniform and may be made selectively among persons who receive or are eligible to receive Restricted Share Units under the
Plan (whether or not such persons are similarly situated).

 

6.5       Plan Amendment

 

The Plan Administrator may from
time to time, without notice and without approval of the holders of voting shares in the capital of the Company, amend, modify,
change, suspend or terminate the Plan or any Restricted Share Units granted pursuant to the Plan as it, in its discretion determines
appropriate, provided, however, that:

 

		(a)	no such amendment, modification, change, suspension or termination of the Plan or any
                                                                Restricted Share Units granted hereunder may materially impair any rights of a Participant or materially increase any
                                                                obligations of a Participant under the Plan without the consent of the Participant, unless the Plan Administrator determines
                                                                such adjustment is required or desirable in order to comply with any applicable securities laws or stock exchange
                                                                requirements;

 

		(b)	approval of the holders of voting shares in the capital of the Company (in accordance
                                                                with the rules of the exchange upon which the Common Shares may be listed) shall be required for any amendment, modification
                                                                or change that:

 

		(i)	increases the number of Shares reserved for issuance under the Plan, except pursuant to
                                                               the provisions in the Plan which permit the Plan Administrator to make equitable adjustments in the event of transactions
                                                               affecting the Company or its capital;

 

		(ii)	permit Restricted Share Units to be transferred other than for normal estate settlement
                                                                 purposes; 

 

		(iii)	change the Insider participation limits set forth in Section 3.4(c); and

 

		(iv)	deletes or reduces the range of amendments which require approval of the holders of voting shares
in the capital of the Company under this Section 6.5(b).

 

 

 

    	 	15	 

     

    

 

6.6       Plan Termination

 

The Board may decide to
discontinue granting Awards under the Plan at any time, in which case no further Restricted Share Units shall be awarded or credited
under Section 3.2. Any Restricted Share Units which remain outstanding in a Participant’s Account at that time shall continue
to be dealt with subject to the terms of the Plan. Any purported termination of the Plan shall have no effect on Restricted Share
Units made prior to the date of such purported termination. The Plan shall terminate when all payments owing under the Plan have
been made and all Restricted Share Units have been cancelled in all Participants’ Accounts.

 

6.7       Costs

 

The Company shall pay all costs of administering
the Plan.

 

6.8       U.S. Taxpayers/Section 409A

 

For greater certainty and
notwithstanding anything to the contrary contained in the Plan or any Award Agreement:

 

		(a)	the Plan is intended be exempt from Section 409A and if not so exempt, to
comply with Section 409A and shall be interpreted accordingly,

 

		(b)	no provision of the Plan or amendment to the Plan or adjustment or conversion
of Restricted Share Units to alternate arrangement shall permit the acceleration of payments under the Plan to U.S. Taxpayers contrary
to the provisions of Section 409A, including, for avoidance of doubt, following the termination of the plan and acceleration of
payment regulations upon a “change in ownership” or “change in control” as such terms are defined in Section
409A; and

 

		(c)	for the sake of clarity, termination of employment and other similar terms
used in this Plan shall be construed in light of the definition of “separation from service” within the meaning of Section
409A. Furthermore, to the extent applicable, specified employees as defined under Section 409A will be subject to a six-month delay
in payment on Restricted Share Units payable upon a “separation of service”, if any, unless the payment of the Award
is exempt from the requirements of Section 409A, or is otherwise structured in a manner that does not require a delay in payment.

 

ARTICLE 7

GENERAL

 

7.1       Governing Provisions

 

The terms and conditions
of each Award are set out in the Plan and the applicable Award Agreement. Except as specified in the Plan, in the event of a conflict
between the terms and conditions of an Award and the terms and conditions of an employment agreement between the Participant and
the Company or a Subsidiary, the terms and conditions of the Award shall govern.

 

 

 

 

    	 	16	 

     

    

 

7.2       Participation
is Voluntary; No Additional Rights to Employment

 

Participation of any Participant
in the Plan is entirely voluntary and not obligatory and shall not be interpreted as conferring upon such Participant any rights
or privileges other than those rights and privileges expressly provided in the Plan. Participation in the Plan shall not be construed
to give any Participant a right to be retained or to continue to be retained in the employment of the Company or a Subsidiary.
Nothing in the Plan shall be construed to provide the Participant with any rights whatsoever to participate or to continue participation
in this Plan, or to compensation or damages in lieu of participation, whether upon termination of the Participant’s employment
or otherwise. Without limiting the foregoing, the Participant agrees that:

 

		(a)	Restricted Share Units are granted voluntarily by the Company, are discretionary in
                                                                nature, and subject to Sections 6.5 and 6.6, may be modified, suspended, or terminated by the Company at any time and do not
                                                                create any contractual or other right to receive future grants or cash or benefits in lieu thereof, even if such grants have
                                                                been made repeatedly in the past;

 

		(b)	the grant of RSUs does not constitute compensation of any kind for services of any kind
                                                                rendered to the Company or to the Participant’s employer which are outside the scope of the Participant’s
                                                                employment contract, if any, and employment;

 

		(c)	the grant of RSUs is not part of normal or expected compensation or salary for purposes
                                                                of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service
                                                                awards, pension or retirement benefits or welfare benefits or similar benefits or any other entitlements.

 

		(d)	in consideration of the grant of RSUs, no claim or entitlement to compensation or damages arises from forfeiture of the Restricted Share Units resulting from the Participant’s termination of employment
                                                                and the Participant irrevocably releases the Company from any such claim that may arise; and if, notwithstanding the
                                                                foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by accepting this Award, the
                                                                Participant shall be deemed irrevocably to have waived his or her entitlement to pursue and enforce such claim.

 

7.3       Value of Restricted Share Units Not Guaranteed

 

The value of a Restricted Share
Unit is based on the price of a Share and is thus not guaranteed. The value of a Restricted Share Unit at the time it becomes payable
may be higher or lower than the value at the time it was credited to a Participant’s Account under the Plan. No amount will
be paid to, or in respect of, a Participant under the Plan to compensate for a downward fluctuation in the price of Shares, nor
will any other form of benefit be conferred upon, or in respect of, a Participant for such purpose. No amount will be paid to compensate
a Participant in respect of (i) any change in the value of a Share from the date an RSU is granted to the date the RSU vests, the
date of any Change of Control or the date Shares are actually issued pursuant to the RSU, (ii) any change in currency exchange
rates, or (iii) interest in respect of the period from the date of a Change of Control to the date the Award is paid. The Company
makes no representations or warranties to Participants with respect to the Plan or the Shares whatsoever. In seeking the benefits
of participation in the Plan, a Participant agrees to accept all risks associated with a decline in the market price of Shares.

 

 

 

 

    	 	17	 

     

    

 

7.4       No Shareholder Rights

 

Under no circumstances
shall Restricted Share Units be considered Shares nor shall they entitle any Participant to exercise voting rights or any other
rights attaching to the ownership of Shares, nor shall any Participant be considered the owner of Shares by virtue of the Award
of Restricted Share Units.

 

7.5       Tax Matters

 

Participants subject to
income tax in jurisdictions other than the country where they are employed according to the Company’s records may be subject
to other tax consequences based on the tax laws of those local jurisdictions relating to their participating in the Plan. Neither
the Company nor any Subsidiary is providing any tax advice regarding the Restricted Share Units. None of the Company and the Subsidiaries,
and none of their respective directors, officers, employees and advisers, shall be liable to any Participant (or any other individual
claiming a benefit through the Participant) for any tax, interest, or penalties the Participant might owe as a result of participation
in the Plan. Participants are advised to confirm the consequences of participating in the Plan with their own tax advisors.

 

7.6       Unfunded Plan

 

Unless otherwise determined
by the Board, the Plan shall be unfunded and any obligation to make a payment in the future upon redemption of Restricted Share
Units will remain an unfunded liability recorded on the books of the Company. To the extent any Participant or his or her estate
holds any rights with respect to any RSUs, such rights (unless otherwise determined by the Board) shall be no greater than the
rights of an unsecured creditor of the Company.

 

7.7       Participant Information

 

Each Participant shall
provide the Company with all information (including personal information) required by the Company in order to administer the Plan.
Each Participant acknowledges that information required by the Company in order to administer the Plan may be disclosed to any
custodian appointed in respect of the Plan and other third parties, and may be disclosed to such persons (including persons located
in jurisdictions other than the Participant’s jurisdiction of residence), in connection with the administration of the Plan.
Each Participant consents to such disclosure and authorizes the Company to make such disclosure on the Participant’s behalf.

 

7.8       Successors and Assigns

 

The Plan shall be binding on
all successors and permitted assigns of the Company and a Participant who has received an Award under the Plan, including without
limitation, the estate of such Participant and the legal representative of such estate, or any receiver or trustee in bankruptcy
or representative of the Company or Participant.

 

7.9       General
Restrictions and Assignment

 

The rights of a Participant
under the Plan are not capable of being assigned or transferred, and immediately upon any assignment or transfer, or any attempt
to do so, such Restricted Share Units will terminate and be of no further force or effect. The rights of a Participant under the
Plan are not capable of being alienated, sold, encumbered, pledged, mortgaged or charged and are not capable of being subject to
attachment or legal process for the payment of any debts or obligations of the Participant.

 

 

 

 

    	 	18	 

     

    

 

7.10      Governing Law

 

		(a)	The validity, construction and effect of the Plan and any actions taken or relating to
                                                                the Plan shall be governed by the laws of the Province of British Columbia and the federal laws of Canada applicable
                                                                therein.

 

		(b)	The Company and each Participant irrevocably submits to the exclusive jurisdiction of
                                                                the courts of competent jurisdiction in the Province of British Columbia in respect of any action or proceeding relating in
                                                                any way to the Plan, including with respect to the grant of Restricted Share Units and any issuance of Shares made in
                                                                accordance with the Plan.

 

7.11       Severability

 

The invalidity or unenforceability
of any provision of the Plan shall not affect the validity or enforceability of any other provision and any invalid or unenforceable
provision shall be severed from the Plan.

 

7.12       Notices

 

All notices or communications
under this Plan shall be delivered in writing, personally or by registered mail, postage prepaid, or e-mail. All notices to the
Company or Plan Administrator shall be addressed to the Company’s Chief Financial Officer, at the registered offices of
the Company or via e-mail at greznik@intrinsyc.com. All notices to Participants shall be addressed to the last address for such
person maintained in the records of the Company. Either the Participant or Intrinsyc may designate a different address by written
notice to the other. Any notice given by either the Participant or Intrinsyc is not binding on the recipient thereof until received.

 

7.13       Electronic Delivery

 

The Company or the Plan Administrator
may from time to time establish procedures for (i) the electronic delivery of any documents that the Company may elect to deliver
(including, but not limited to, plan documents, Award Agreements, and all other forms of communications) in connection with any
Award made under the Plan, (ii) the receipt of electronic instructions from Participants and/or (iii) an electronic signature system
for delivery and acceptance of any such documents. Compliance with such procedures shall satisfy any requirement to provide documents
in writing and/or for a document to be signed or executed.

 

7.14       Country Specific Provisions

 

	 	(a)	Notwithstanding
any provisions in this Plan, the Restricted Share Units shall be subject to any special terms and conditions set forth in all
applicable exhibits to this Plan for the applicable country. Moreover, if the Participant relocates to one of the countries included
in any exhibit as applicable, the special terms and conditions for such country will apply to the Participant to the extent that
the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local
law or facilitate the administration of the Restricted Share Units.

 

 

 

 

    	 	19	 

     

    

 

	 	(b)	If the
Participant moves to any other country, additional terms and conditions may apply to the Participant’s Restricted Share
Units. The Company reserves the right to impose other requirements on the Restricted Share Units to the extent the Company determines
it is necessary or advisable in order to comply with local law or facilitate the administration of the Restricted Share Units
and to require the Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

 

7.15       Effective Date

 

The Plan became effective on May 16, 2017.

 

INTRINSYC TECHNOLOGIES CORPORATION

 

 

 

	 	By:	/s/ George Reznik                                                 
	 	 	Name: George Reznik
	 	 	Title: CFO

 

 

 

 

 

 

 

 

    	 	20	 

     

    

 

SCHEDULE A

 

INTRINSYC TECHNOLOGIES CORPORATION

 

FORM OF RESTRICTED SHARE UNIT AWARD AGREEMENT

 

Intrinsyc Technologies Corporation
(“Intrinsyc”) hereby grants the following Restricted Share Unit(s) to you subject to the terms and conditions
of this Award Agreement, together with the provisions of Restricted Share Unit (the “Plan”) in which you become
a “Participant”, all the terms of which Plan are hereby incorporated into this Award Agreement:

 

Name and Address of Participant: __________________________________________________________________________

 

Date of Grant:__________________________________________________________________________________________

 

Total Number Granted:___________________________________________________________________________________

 

Vesting Conditions: _____________________________________________________________________________________

 

		1.	The terms and conditions of the Plan are hereby incorporated by reference
as terms and conditions of this Award Agreement and all capitalized terms used herein, unless expressly defined in a different
manner, have the meanings ascribed thereto in the Plan.

 

		2.	All notices or communications under
                                         this Plan shall be delivered in writing, personally or by registered mail, postage prepaid,
                                         or e-mail. All notices to the Company or Plan Administrator shall be addressed to Intrinsyc’s
                                         Chief Financial Officer, at the registered offices of Intrinsyc or via e-mail at greznik@intrinsyc.com.
                                         All notices to the Participant will be addressed to your last address for maintained
                                         in the records of Intrinsyc.

 

		3.	Nothing in the Plan, in this Award Agreement, or as a result of the grant
of an Award to you, will affect any right of Intrinsyc, or of any Affiliate, to terminate your employment at any time for any reason
whatsoever. Upon such termination, your rights to exercise Award will be subject to restrictions and time limits, complete details
of which are set out in the Plan.

 

 

INTRINSYC TECHNOLOGIES CORPORATION

 

 

________________________________________________________________________

Authorized Signatory

 

I have read the foregoing Award
Agreement and hereby accept the Award in accordance with and subject to the terms and conditions of the Award Agreement and the
Plan. I agree to be bound by the terms and conditions of the Plan governing the Award.

 

 

 

	 	 	 
	Date Accepted	 	Signature

 

 

 

 

 

    	 	21

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