Document:

Exhibit 10.2

 

FATHOM HOLDINGS INC.

2017 STOCK PLAN

 

RESTRICTED
STOCK AWARD AGREEMENT

 

This Restricted Stock
Award Agreement (this “Agreement”) is made by and between Fathom Holdings Inc. (the “Company”)
and _____________________ (“Grantee”) effective as of ___________ (the “Date of Grant”).
This Agreement sets forth the terms and conditions associated with the Company’s award to Grantee of shares of the Company’s
Common Stock pursuant to the Fathom Holdings Inc. 2017 Stock Plan (the “Plan”) for the number of Shares set
forth below. Capitalized terms not explicitly defined in this Agreement but defined in the Plan have the same definitions as in
the Plan.

 

1.           Grant
of Stock. The Company hereby agrees to issue to Grantee _________________ (####) shares of the Company’s Common Stock
(the “Shares”). All of the Shares received by the Grantee from the Company pursuant to this Agreement are subject
to the terms of this Agreement, including but not limited to options by the Company to repurchase such Shares in certain cases
and a right of first refusal. All references to the number of Shares will be appropriately adjusted to reflect any stock split,
stock dividend, or other change in capitalization that may be made by the Company after the date of this Agreement, as provided
in Section 13 of the Plan.

 

2.           Vesting.
The Shares will vest as described on Exhibit A hereto, subject to Grantee’s Continuous Service with the Company or
an Affiliate. Vesting will terminate upon the termination of Grantee’s Continuous Service.

 

3.           Company’s
Repurchase Option. The Shares are subject to the Company’s Repurchase Option, as described below.

 

(a)          Triggering
Event. As used herein, the term “Triggering Event” means a termination of the Grantee’s Continuous
Service with the Company and all Affiliates thereof for any reason.

 

(b)          Repurchase
Option. In the event that a Triggering Event occurs, the Company will have an option (the “Repurchase Option”)
for a period of ninety (90) days from the date of such event (as reasonably fixed and determined by the Company), to repurchase
(i) any of the Shares that are not vested under the vesting schedule set forth on Exhibit A hereto as of the date of such
Triggering Event (the “Unvested Shares”), and/or (ii) any of the Shares that are vested under the vesting schedule
set forth on Exhibit A hereto as of the date of such Triggering Event (the “Vested Shares”). The purchase
price upon the exercise of the Repurchase Option will be the “Repurchase Price” determined in accordance with Section
3(d) below.

 

(c)          Exercise
of Repurchase Option. If the Company, or its assignee(s), elects to exercise the Repurchase Option, it will be exercised by
written notice to the Grantee, which notice will specify the number of Shares, the Repurchase Price, and the time (not later than
30 days from the date of the notice) and place for the closing of the repurchase of the Shares.

 

     

     

    

 

(d)          Repurchase
Price. The “Repurchase Price” for the Shares will be determined as follows:

 

(i)          If
the Triggering Event is a termination of Grantee’s Continuous Service for Cause (as defined in the Plan) then the Repurchase
Price for all Shares, whether Vested Shares or Unvested Shares, will be the original purchase price per share paid by Grantee in
connection with the acquisition of the Shares, if any, provided that if Grantee did not pay a purchase price in connection with
the acquisition of the Shares, the Repurchase Price will be $0.00/share.

 

(ii)         In
the event that the Company reasonably determines that the Grantee has violated any non-competition, non-solicitation, non-disclosure,
or other similar restrictive covenants between Grantee and the Company or any of its Affiliates, then the Repurchase Price for
the Shares, whether Vested Shares or Unvested Shares, will be the original purchase price per share paid by Grantee in connection
with the acquisition of the Shares, if any, provided that if Grantee did not pay a purchase price in connection with the acquisition
of the Shares, the Repurchase Price will be $0.00/share.

 

(iii)        In
all other cases, the Repurchase Price for any Vested Shares will be the Fair Market Value, determined by the Company in accordance
with the Plan, as of the date of the Triggering Event (as reasonably fixed and determined by the Company), and the Repurchase Price
for any Unvested Shares will be the original purchase price per share paid by Grantee in connection with the acquisition of the
Shares, if any, provided that if Grantee did not pay a purchase price in connection with the acquisition of the Shares, the Repurchase
Price will be $0.00/share.

 

(e)          Transfer
of Ownership. Upon delivery of the notice described in Section 3(c) and payment of the Repurchase Price in accordance with
this Section 3, the Company will become the legal and beneficial owner of the Shares being repurchased and all rights and interests
therein or relating thereto, and the Company will have the right to retain and transfer to its own name the number of Shares being
repurchased by the Company.

 

4.           Release
of Shares from Repurchase Option. In the event the Repurchase Option is triggered
pursuant to a Triggering Event and the Company (or its assigns) fails to exercise the Company’s option for the repurchase
of any or all of the Shares then, upon the expiration of the 90-day option period, any and all such Shares not repurchased by the
Company will be released from the Repurchase Option. Upon the release of the Repurchase Option, any Unvested Shares will immediately
vest.

 

5.           Ownership
Rights. Grantee, as beneficial owner of the Shares, will have full voting rights with respect to the Shares during and after
the vesting period, except to the extent repurchased pursuant to the Repurchase Option. Grantee will be entitled to receive dividends
with respect to Unvested Shares prior to the vesting of such Shares as follows: (a) any regular cash dividends paid with respect
to an Unvested Share will be retained by the Company and will be paid to Grantee, without interest, within thirty (30) days after
the associated Share vests as provided in Section 2 hereof, and will be forfeited if and when the associated Share is repurchased,
and (b) any property (other than cash) distributed with respect to an Unvested Share (including without limitation a distribution
of stock by reason of a stock dividend, stock split, or otherwise, or a distribution of other securities with respect to an associated
Share) will be subject to the restrictions of this Agreement in the same manner and for so long as the associated Share remains
subject to those restrictions, and will be forfeited if and when the associated Share is repurchased or will vest if and when the
associated Share vests. If any Shares are repurchased pursuant to the Repurchase Option, then, on the date of such repurchase,
Grantee will no longer have any rights as a stockholder with respect to such repurchased Shares or any interest therein.

 

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6.           Conditions
to Issuance of Shares.

 

(a)          In
the event the Shares have not been registered under the Securities Act, then Grantee will, if required by the Company and as a
condition to the issuance of the Shares, deliver to the Company an Investment Representation Statement in substantially the form
attached hereto as Exhibit B.

 

(b)          If
required by the Committee in its discretion, Grantee will execute a joinder agreement (in form acceptable to the Committee) such
that Grantee will become a party to any stockholders agreement, investor rights agreement, or similar as may be entered into from
time to time by and among the Company and the holders of the Company’s stock. Any such agreement may contain restrictions
on the transferability of shares of the Company’s Common Stock acquired pursuant to this Option (such as a right of first
refusal or a prohibition on transfer) and such shares may be subject to call rights and drag-along rights of the Company and certain
of its stockholders. The Company will also have any repurchase rights set forth in such agreements, the Plan or this Agreement.

 

(c)          No
Shares will be issued pursuant to this Agreement unless and until all then applicable requirements imposed by federal and state
securities and other laws, rules and regulations and by any regulatory agencies having jurisdiction, and by any exchanges upon
which the Shares may be listed, have been fully met. The Company may impose such conditions on any Shares issuable pursuant to
this Agreement as it may deem advisable, including, without limitation, restrictions under the Securities Act, under the requirements
of any exchange upon which shares of the same class are then listed and under any blue sky or other securities laws applicable
to those Shares.

 

7.           Restrictive
Legends and Stop-Transfer Orders.

 

(a)          Legends.
The Grantee acknowledges that the certificates evidencing the Shares will be endorsed with a legend, in addition to any other legends
required by any other agreement to which the Shares are subject, substantially as follows:

 

THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) AND MAY NOT BE OFFERED, SOLD OR OTHERWISE
TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR, IN THE OPINION OF COUNSEL IN FORM AND SUBSTANCE
SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE THEREWITH.

 

    	- 3 -

     

    

THE SHARES REPRESENTED BY THIS CERTIFICATE
ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND RIGHT OF FIRST REFUSAL OPTIONS HELD BY THE ISSUER OR ITS ASSIGNEE(S) AS SET
FORTH IN THE ISSUER’S STOCK PLAN AND THE RESTRICTED STOCK AWARD AGREEMENT RELATING TO THESE SHARES, COPIES OF WHICH MAY BE
OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH TRANSFER RESTRICTIONS AND RIGHT OF FIRST REFUSAL ARE BINDING ON TRANSFEREES
OF THESE SHARES.

 

(b)          Stop-Transfer
Notices. Grantee agrees that, in order to ensure compliance with the restrictions referred to herein, the Company may issue
appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own
securities, it may make appropriate notations to the same effect in its own records.

 

(c)          Refusal
to Transfer. The Company shall not be required (i) to transfer on its books any Shares that have been sold or otherwise
transferred in violation of any of the provisions of this Agreement, or (ii) to treat as owner of such Shares or to accord
the right to vote or pay dividends to any Grantee or other transferee to whom such Shares shall have been so transferred.

 

8.           Restrictions
on Transfer. None of the Unvested Shares or any beneficial interest therein may be transferred, pledged, hypothecated, encumbered
or otherwise disposed of in any way. All transferees of Shares or any interest therein (including Permitted Transferees) will receive
and hold such Shares or interest subject to the provisions of this Agreement, and will agree in writing to take such Shares or
interest therein subject to all the terms of this Agreement, including restrictions on further transfer. Any sale or transfer of
the Company’s Shares will be void unless the provisions of this Agreement are met.

 

9.           Company’s
Right of First Refusal. Before any Shares held by Grantee or any transferee (either being sometimes referred to herein as the
 “Holder”) may be sold or otherwise transferred (including transfer by gift or operation of law), the Company
or its assignee(s) shall have a right of first refusal to purchase the Shares on the terms and conditions set forth in this Section
(the “Right of First Refusal”).

 

(a)          Notice
of Proposed Transfer. The Holder of the Shares shall deliver to the Company a written notice (the “Notice”)
stating: (i) the Holder’s bona fide intention to sell or otherwise transfer such Shares; (ii) the name of each
proposed transferee or other recipient of the Shares (“Proposed Transferee”); (iii) the number of Shares
to be transferred to each Proposed Transferee; and (iv) the bona fide cash price or other consideration for which the Holder
proposes to transfer the Shares (the “Offered Price”), and the Holder shall offer the Shares at the Offered
Price to the Company or its assignee(s).

 

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(b)          Exercise
of Right of First Refusal. At any time within thirty (30) days after receipt of the Notice, the Company and/or its assignee(s)
may, by giving written notice to the Holder, elect to purchase all, but not less than all, of the Shares proposed to be transferred
to any one or more of the Proposed Transferees, at the purchase price determined in accordance with subsection (c) below.

 

(c)          Purchase
Price. The purchase price (“Purchase Price”) for the Shares purchased by the Company or its assignee(s)
under this Section shall be the Offered Price. If the Offered Price includes consideration other than cash, the cash equivalent
value of the noncash consideration shall be determined by the Committee in good faith.

 

(d)          Payment.
Payment of the Purchase Price shall be made, at the option of the Company or its assignee(s), in cash, by check, by cancellation
of all or a portion of any outstanding indebtedness of the Holder to the Company (or, in the case of repurchase by an assignee,
to the assignee), or by any combination thereof within thirty (30) after receipt of the Notice or in the manner and at the times
set forth in the Notice.

 

(e)          Holder’s
Right to Transfer. If all of the Shares proposed in the Notice to be transferred to a given Proposed Transferee are not purchased
by the Company and/or its assignee(s) as provided in this Section, then the Holder may sell or otherwise transfer such Shares to
that Proposed Transferee at the Offered Price or at a higher price, provided that such sale or other transfer is consummated within
ninety (90) days after the date of the Notice and provided further that any such sale or other transfer is effected in accordance
with any applicable securities laws and the Proposed Transferee agrees in writing that the provisions of this Section shall continue
to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the Notice are not transferred to the
Proposed Transferee within such period, a new Notice shall be given to the Company, and the Company and/or its assignees shall
again be offered the Right of First Refusal before any Shares held by the Holder may be sold or otherwise transferred.

 

(f)          Exception
for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all
of the Shares during the Grantee’s lifetime or on the Grantee’s death by will or intestacy to the Grantee’s immediate
family or a trust for the benefit of the Grantee’s immediate family shall be exempt from the provisions of this Section.
 “Immediate Family” as used herein shall mean Grantee’s spouse, parent, other lineal descendant or antecedent,
or sibling. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions
of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

 

(g)          Refusal
to Transfer. The Company will not be required (i) to transfer on its books any Shares that have been sold or otherwise transferred
in violation of any of the provisions of this Agreement or the Plan; or (ii) to treat as owner of such Shares or to accord the
right to vote or pay dividends to transferee to whom such Shares will have been so transferred.

 

(h)          Termination
of Right of First Refusal. The Right of First Refusal shall terminate as to all Shares ninety (90) days after the first sale
of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by
the Securities and Exchange Commission under the Securities Act.

 

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10.         Tax
Consequences.

 

(a)          The
Grantee has reviewed with the Grantee’s own tax advisors the federal, state, local and foreign (if applicable) tax consequences
of the grant of the Shares and the transactions contemplated by this Agreement. The Grantee is relying solely on such advisors
and not on any statements or representations of the Company or any of its agents. The Grantee (and not the Company) will be responsible
for the Grantee’s own tax liability that may arise as a result of this investment or the transactions contemplated by this
Agreement.

 

(b)          The
Grantee understands that Section 83 of the Code taxes as ordinary income the difference between the amount paid for the Shares
and the fair market value of the Shares as of the date any restrictions on the Shares lapse. The Grantee understands that he/she
may elect to be taxed at the time the Shares are received rather than when and as the Repurchase Option expires by filing an election
under Section 83(b) of the Code with the I.R.S. within 30 days from the date of purchase. If the Grantee makes any tax election
relating to the treatment of the Shares under the Code, at the time of such election the Grantee will promptly notify the Company
of such election.

 

(c)          THE
GRANTEE ACKNOWLEDGES THAT IT IS THE GRANTEE’S SOLE RESPONSIBILITY AND NOT THE COMPANY’S OR ITS REPRESENTATIVES’
TO FILE TIMELY THE ELECTION UNDER SECTION 83(b), EVEN IF THE GRANTEE REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING
ON THE GRANTEE’S BEHALF.

 

(d)          Grantee
understands that, at the time that the Shares are granted, or at the time of vesting, Grantee may incur tax obligations under federal,
state, local, and/or foreign law, and the Company may be required to withhold amounts from Grantee’s compensation or otherwise
collect from Grantee related to such obligations. Grantee agrees that the Company (or an Affiliate) may satisfy such withholding
obligations relating to the Shares by any of the following means or by a combination of such means, in the Company’s discretion:
(i) withholding from any compensation otherwise payable to the Grantee by the Company; (ii) causing the Grantee to tender a cash
payment; or (iii) withholding Shares with a Fair Market Value (measured as of the date the tax withholding obligations are to be
determined) equal to the amount of such tax withholding obligations from the Shares otherwise issuable to Grantee; provided, however,
that the number of such Shares so withheld will not exceed the amount necessary to satisfy the Company’s required tax withholding
obligations using the minimum statutory withholding rates for federal, state, local and foreign tax purposes, including payroll
taxes, that are applicable to supplemental taxable income (or such lesser amount as may be necessary to avoid classification of
the Shares as a liability for financial accounting purposes). Grantee understands that all matters with respect to the total amount
of taxes to be withheld in respect of such compensation income will be determined by the Company in its reasonable discretion.
Grantee further understands that, although the Company will pay withheld amounts to the applicable taxing authorities, the Grantee
remains responsible for payment of all taxes due as a result of income arising under the Agreement.

 

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11.        Award
Not a Service Contract. This Agreement is not employment or service contract,
and nothing in this Agreement creates or will be deemed to create in any way whatsoever any obligation on Grantee’s part
to continue in the service of the Company or any Affiliate, or of the Company or any Affiliate to continue Grantee’s service.

 

12.        Governing
Plan Document. This Agreement is subject to all the provisions of the Plan, the
provisions of which are hereby made a part of this Agreement, and is further subject to all interpretations, amendments, rules
and regulations, which may from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict between
the provisions of this Agreement and those of the Plan, the provisions of the Plan shall control.

 

13.        Miscellaneous.

 

(a)          Notices.
Any notice, demand or request required or permitted to be given pursuant to the terms of this Agreement shall be in writing and
shall be deemed given when delivered personally, one day after deposit with a recognized international delivery service (such as
FedEx), or three days after deposit in the U.S. mail, first class, certified or registered, return receipt requested, with postage
prepaid, in each case addressed to the parties at the addresses of the parties set forth at the end of this Agreement or such other
address as a party may designate by notifying the other in writing.

 

(b)          Successors
and Assigns. The rights and obligations of the Company and the Grantee hereunder will be binding upon, inure to the benefit
of and be enforceable against their respective successors and assigns, legal representatives and heirs. Whenever the Company has
the right to repurchase Shares hereunder, whether pursuant to the Repurchase Option or otherwise, the Company may designate and
assign to one or more assignees the right to exercise all or part of the Company’s repurchase rights under this Agreement
to purchase all or a part of such Shares.

 

(c)          Severability.
The provisions of this Agreement are severable, and if any one or more provisions are determined to be illegal or otherwise unenforceable,
in whole or in part, then the remaining provisions will nevertheless be binding and enforceable.

 

(d)          Amendment.
Except as otherwise provided in the Plan, this Agreement will not be amended unless the amendment is agreed to in writing by both
the Grantee and the Company.

 

(e)          Choice
of Law. This Agreement shall be construed and enforced in accordance with and governed by the laws of the State of North Carolina,
without giving effect to the choice of law rules of any jurisdiction.

 

(f)           Entire
Agreement. This Agreement, along with the Plan, constitutes the entire agreement between the parties hereto with regard to
the subject matter hereof, and supersedes any other agreements, representations or understandings (whether oral or written and
whether express or implied) that relate to such subject matter.

 

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF,
the Company and the Grantee have executed this Restricted Stock Award Agreement effective as of the Date of Grant.

 

	 	COMPANY:	 
	 	 	 
	 	Fathom Holdings Inc.	 
	 	 	           	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 	 	 
	 	Address:	 	 
	 	 	 	 
	 	 	 	 

 

	 	GRANTEE: 
	 	   
	 	[NAME]   
	 	 
	 	          	(SEAL)

 

	 	Address:  	 
	 	 	 

 

    	- 8 -

     

    

 

EXHIBIT
A

 

VESTING SCHEDULE

 

The Shares are unvested
when granted, and will vest as described below, subject to Grantee’s Continuous Service with the Company or an Affiliate.
Vesting will terminate upon the termination of Grantee’s Continuous Service.

 

For purposes of this
Exhibit A, the “Vesting Commencement Date” is __________.

 

One Hundred Percent
of the Shares shall vest on the Vesting Commencement Date.

 

    	1 

     

    

 

EXHIBIT B

 

INVESTMENT REPRESENTATION STATEMENT

 

	GRANTEE:	 	 
	 	 	 
	COMPANY:	Fathom Holdings Inc. (the “Company”)	 
	 	 	 
	SECURITY:	Common Stock	 
	 	 	 
	AMOUNT:	___________________________ Shares	 

 

In connection with the purchase of the
above-described securities, the undersigned Grantee represents to the Company the following.

 

1.          Grantee
is aware of the Company’s business affairs and financial condition and has acquired sufficient information about the Company
to reach an informed and knowledgeable decision to acquire the securities. Grantee is purchasing the securities for investment
for Grantee’s own account only and not with a view to, or for resale in connection with, any “distribution” thereof
within the meaning of the Securities Act of 1933, as amended (the “Securities Act”).

 

2.          Grantee
understands that the securities have not been registered under the Securities Act in reliance upon a specific exemption therefrom,
which exemption depends upon, among other things, the bona fide nature of Grantee’s investment intent as expressed herein.

 

3.          Grantee
further understands that the securities must be held indefinitely unless subsequently registered under the Securities Act or unless
an exemption from registration is available. Moreover, Grantee understands that the Company is under no obligation to register
the securities. In addition, Grantee understands that the certificate evidencing the securities will be imprinted with a legend
that prohibits the transfer of the securities unless they are registered or such registration is not required in the opinion of
counsel for the Company.

 

4.          Grantee
is familiar with the provisions of Rules 144 and 701, promulgated under the Securities Act, that permit limited public resale of
 “restricted securities” acquired, directly or indirectly, from the issuer thereof (or from an affiliate of such issuer)
in a nonpublic offering, subject to the satisfaction of certain conditions.

 

Subject to any lock-up
agreement, in the event the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), the securities exempt under Rule 701 may be resold by the Grantee
90 days thereafter, subject to the satisfaction of certain of the conditions specified by Rule 144, including: (a) the sale being
made through a broker in an unsolicited “broker’s transaction” or in transactions directly with a market maker
(as that term is defined under the Exchange Act); and (b) in the case of an affiliate, the availability of certain public information
about the Company, and the amount of securities being sold during any three-month period not exceeding the limitations specified
in Rule 144(e), if applicable.

 

    	1 

     

    

 

If the purchase of
the securities does not qualify under Rule 701 at the time of purchase, then the securities may be resold by the Grantee in certain
limited circumstances subject to the provisions of Rule 144. For nonaffiliates, resales under Rule 144 will be permitted after
the Grantee has held the shares for six months if certain public information about the Company is available, and may be sold freely
after the Grantee has held the shares for one year. For affiliates, resales under Rule 144 will be permitted after the Grantee
has held the shares for six months if: (a) certain public information about the Company is available; (b) the amount of securities
being sold during any three-month period does not exceed specified limitations; and (c) the sale is made through a broker in an
unsolicited “broker’s transaction” or in transactions directly with a market maker (as that term is defined under
the Exchange Act) and (d) the affiliate makes a Form 144 filing, if required

 

5.          Grantee
further understands that at the time Grantee wishes to sell the securities there may be no public market upon which to make such
a sale, and that, even if such a public market then exists, the Company may not be satisfying the current public information requirements
of Rules 144 or 701, and that, in such event, Grantee would be precluded from selling the securities under Rules 144 or 701 even
if the six month minimum holding period had been satisfied; however, Grantee may be able to sell the securities pursuant to the
exemptions contained in Rule 144 if a one-year holding period has been satisfied.

 

6.          Grantee
further understands that in the event all of the applicable requirements of Rules 144 or 701 are not satisfied, registration under
the Securities Act or some registration exemption will be required; and that, notwithstanding the fact that Rules 144 and 701 are
not exclusive, the Staff of the SEC has expressed its opinion that persons proposing to sell private placement securities other
than in a registered offering and otherwise than pursuant to Rules 144 or 701 will have a substantial burden of proof in establishing
that an exemption from registration is available for such offers or sales, and that such persons and their brokers who participate
in such transactions do so at their own risk.

 

	Date:	 	Signature of Grantee:
	 	 	 
	 	 	 

 

    	2Exhibit 10.3

 

FATHOM HOLDINGS
INC.

 

2019 omnibus
STOCK INCENTIVE PLAN

 

Approved by the Board:
August 6, 2019

Approved by the Shareholders:
August 8, 2019

 

1.            Purposes of the Plan. The purposes of this Plan are to attract and retain the best available personnel; to provide
additional incentives to Employees, Directors and Consultants to contribute to the successful performance of the Company and any
Related Entities; to promote the growth of the market value of the Company’s Common Stock; to align the interests of Grantees
with those of the Company’s shareholders; and to promote the success of the Company’s business.

 

2.            Definitions.
The following definitions shall apply as used herein and in all individual Award Agreements except as a term may be otherwise
defined in an individual Award Agreement. In the event a term is separately defined in an individual Award Agreement, such definition
shall supersede the definition contained in this Section 2.

 

(a)            “Administrator”
means the Plan Administrator as described in Section 4.

 

(b)            “Applicable Laws” means the legal requirements relating to the Plan and the Awards under applicable
provisions of federal and state securities laws, the corporate laws of North Carolina, and, to the extent other than North Carolina,
the corporate law of the state of the Company’s incorporation, the Code, the rules of any applicable stock exchange or national
market system, and the rules of any non-U.S. jurisdiction applicable to Awards granted to residents therein.

 

(c)            “Assumed” means, with respect to an Award, that pursuant to a Corporate Transaction either (i) the
Award is expressly affirmed by the Company or (ii) the contractual obligations represented by the Award are expressly assumed (and
not simply by operation of law) by the successor entity or its Parent in connection with the Corporate Transaction with appropriate
adjustments to the number and type of securities of the successor entity or its Parent subject to the Award and the exercise or
purchase price thereof which at least preserves the compensation element of the Award existing at the time of the Corporate Transaction
as determined in accordance with the instruments evidencing the agreement to assume the Award.

 

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

 

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

 

(f)            “Board”
means the Board of Directors of the Company.

 

(g)           “Cause”
means, with respect to the termination by the Company or a Related Entity of a Grantee’s Continuous Service:

 

     

     

    

 

(i)               that such termination is for “Cause” as such term (or word of like import) is expressly defined in a then-effective
written employment agreement, consulting agreement, service agreement or other similar agreement between the Grantee and the Company
or such Related Entity, provided, however, that with regard to any agreement that defines “Cause” on the occurrence
of or in connection with a Corporate Transaction, such definition of “Cause” shall not apply until a Corporate Transaction
actually occurs; or

 

(ii)             
in the absence of such then-effective written agreement and definition, is based on, in the determination of the Administrator:
(A) the Grantee’s performance of any act, or failure to perform any act, in bad faith and to the detriment of the Company
or a Related Entity; (B) the Grantee’s dishonesty, intentional misconduct or material breach of any agreement with the Company
or a Related Entity; (C) the Grantee’s material breach of any noncompetition, confidentiality or similar agreement with the
Company or a Related Entity, as determined under such agreement; (D) the Grantee’s commission of a crime involving dishonesty,
breach of trust, or physical or emotional harm to any person; (E) the Grantee’s engaging in acts or omissions constituting
gross negligence, misconduct or a willful violation of a Company or a Related Entity policy which is or is reasonably expected
to be materially injurious to the Company and/or a Related Entity; or (F) if the Grantee is an Employee, the Grantee’s failure
to follow the reasonable instructions of the Board or such Grantee’s direct supervisor, which failure, if curable, is not
cured within ten (10) days after notice to such Grantee or, if cured, recurs within one hundred eighty (180) days.

 

(h)            “Code”
means the Internal Revenue Code of 1986, as amended, or any successor statute.

 

(i)             “Committee”
means any committee composed of members of the Board appointed by the Board to administer the Plan.

 

(j)             “Common
Stock” means the Company’s common stock, par value $0.01 per share.

 

(k)            “Company”
means Fathom Holdings Inc., a North Carolina corporation, or any successor entity that adopts the Plan in connection with a Corporate
Transaction.

 

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

 

(m)           “Continuous Service” means that the provision of services to the Company or a Related Entity in
any capacity of Employee, Director or Consultant is not interrupted or terminated. In jurisdictions requiring notice in advance
of an effective termination as an Employee, Director or Consultant, Continuous Service shall be deemed terminated upon the actual
cessation of providing services to the Company or a Related Entity notwithstanding any required notice period that must be fulfilled
before a termination as an Employee, Director or Consultant can be effective under Applicable Laws. A Grantee’s Continuous
Service shall be deemed to have terminated either upon an actual termination of Continuous Service or upon the entity for which
the Grantee provides services ceasing to be a Related Entity. Continuous Service shall not be considered interrupted in the case
of (i) any approved leave of absence, (ii) transfers among the Company, any Related Entity, or any successor in any capacity
of Employee, Director or Consultant, or (iii) any change in status as long as the individual remains in the service of the
Company or a Related Entity in any capacity of Employee, Director or Consultant (except as otherwise provided in the Award Agreement).
An approved leave of absence for purposes of this Plan shall include sick leave, military leave, or any other authorized personal
leave, so long as the Company or Related Entity has a reasonable expectation that the individual will return to provide services
for the Company or Related Entity, and provided further that the leave does not exceed six (6) months, unless the individual has
a statutory or contractual right to re-employment following a longer leave. For purposes of each Incentive Stock Option granted
under the Plan, if such leave exceeds three (3) months, and reemployment upon expiration of such leave is not guaranteed by statute
or contract, then the Incentive Stock Option shall be treated as a Non-Statutory Stock Option beginning on the day three (3) months
and one (1) day following the expiration of such three (3) month period.

 

    2

     

    

 

(n)          
“Corporate Transaction” means any of the following transactions, provided, however, that the Administrator
shall determine under parts (iv) and (v) whether multiple transactions are related, and its determination shall be final, binding
and conclusive:

 

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

 

(ii)             
the sale, transfer or other disposition of all or substantially all of the assets of the Company;

 

(iii)             the
complete liquidation or dissolution of the Company;

 

(iv)             any
reverse merger or series of related transactions culminating in a reverse merger (including, but not limited to, a tender offer
followed by a reverse merger) in which the Company is the surviving entity but (A) the Shares outstanding immediately prior
to such merger are converted or exchanged by virtue of the merger into other property, whether in the form of securities, cash
or otherwise, or (B) in which securities possessing more than fifty percent (50%) of the total combined voting power of the
Company’s outstanding securities are transferred to a person or persons different from those who held such securities immediately
prior to such merger or the initial transaction culminating in such merger; or

 

(v)              acquisition
in a single or series of related transactions by any person or related group of persons (other than the Company or by a Company-sponsored
employee benefit plan) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities possessing
more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities.

 

(o)           “Data” has the meaning set forth in Section 22 of this Plan.

 

(p)           “Director”
means a member of the Board or the board of directors of any Related Entity.

 

    3

     

    

 

(q)           “Disability” means a “disability” (or word of like import) as defined under the long-term
disability policy of the Company or the Related Entity to which the Grantee provides services regardless of whether the Grantee
is covered by such policy. If the Company or the Related Entity to which the Grantee provides service does not have a long-term
disability plan in place, “Disability” means that a Grantee is unable to carry out the responsibilities and functions
of the position held by the Grantee by reason of any medically determinable physical or mental impairment for a period of not less
than ninety (90) consecutive days. A Grantee will not be considered to have incurred a Disability unless he or she furnishes proof
of such impairment sufficient to satisfy the Administrator.

 

(r)            “Disqualifying Disposition” means any disposition (including any sale) of Common Stock received
upon exercise of an Incentive Stock Option before either (i) two years after the date the Employee was granted the Incentive Stock
Option, or (ii) one year after the date the Employee acquired Common Stock by exercising the Incentive Stock Option. If the Employee
has died before such stock is sold, these holding period requirements do not apply and no Disqualifying Disposition can occur thereafter.

 

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

 

(t)            “Employee”
means any person, including an Officer or Director, who is in the employ of the Company or any Related Entity, subject to the
control and direction of the Company or any Related Entity as to both the work to be performed and the manner and method of performance.
The payment of a director’s fee by the Company or a Related Entity shall not be sufficient to make such person an “Employee”
of the Company or a Related Entity.

 

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

 

(v)           “Fair
Market Value” means, as of any date, the value of the Common Stock determined as follows.

 

(i)               If the Common Stock is listed on one or more established stock exchanges or national market systems, including without limitation
The NASDAQ Global Select Market, The NASDAQ Global Market, or The NASDAQ Capital Market of The NASDAQ Stock Market LLC, its Fair
Market Value shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on the principal
exchange or system on which the Common Stock is listed (as determined by the Administrator) on the date of determination (or, if
no closing sales price or closing bid was reported on that date, as applicable, on the last trading date such closing sales price
or closing bid was reported), as reported in the Wall Street Journal or such other source as the Administrator deems reliable;

 

(ii)             
If the Common Stock is regularly quoted on an automated quotation system (including the OTC Markets and the systems maintained
by OTC Markets Group Inc.) or by a recognized securities dealer, its Fair Market Value shall be the closing sales price for such
stock as quoted on such system or by such securities dealer on the date of determination, but if selling prices are not reported,
the Fair Market Value of a Share shall be the mean between the high bid and low asked prices for the Common Stock on the date of
determination (or, if no such prices were reported on that date, on the last date such prices were reported), as reported in the
Wall Street Journal or such other source as the Administrator deems reliable; or

 

    4

     

    

 

(iii)            In the absence of an established market for the Common Stock of the type described in (i) and (ii), above, the Fair Market
Value thereof shall be determined by the Administrator in good faith by application of a reasonable valuation method consistently
applied and taking into consideration all available information material to the value of the Company in a manner in compliance
with Section 409A of the Code, or in the case of an Incentive Stock Option, in a manner in compliance with Section 422 of the Code.

 

(w)           “Grantee” means an Employee, Director or Consultant who receives an Award under the Plan.

 

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

 

(y)           “Non-Statutory Stock Option” means an Option not intended to qualify as an Incentive Stock Option.

 

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

 

(aa)          “Option” means an option to purchase one or more Shares pursuant to an Award Agreement granted
under the Plan.

 

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

 

(cc)          “Performance
Period” means the time period during which specified performance criteria must be met in connection with the vesting
of an Award as determined by the Administrator.

 

(dd)         “Plan”
means this Fathom Holdings Inc. 2019 Omnibus Stock Incentive Plan, as the same may be amended from time to time.

 

(ee)          “Post-Termination Exercise Period” means the period specified in the Award Agreement of not less
than thirty (30) days commencing on the date of termination (other than termination by the Company or any Related Entity for Cause)
of the Grantee’s Continuous Service, or such longer period as may be applicable upon death or Disability.

 

(ff)           “Related
Entity” means any Parent or Subsidiary of the Company.

 

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

 

    5

     

    

 

(hh)         “Restricted
Stock Units” means an Award which may be earned in whole or in part upon the passage of time or the attainment of
performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination
of cash, Shares or other securities as established by the Administrator.

 

(ii)            “Rule 16b-3” means Rule 16b-3 promulgated by the Securities and Exchange Commission
pursuant to the Exchange Act, as such rule may be amended, and includes any successor provisions thereto.

 

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

 

(kk)          “Share” means a share of the Common Stock.

 

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

 

(mm)     
   “Tax Obligations” means all income tax, social insurance, payroll tax, fringe benefits tax, or
other tax-related liabilities related to a Grantee’s participation in the Plan and the receipt of any benefits hereunder,
as determined under the Applicable Laws.

 

3.            Stock
Subject to the Plan.

 

(a)            Subject
to adjustment as described in Section 13 below, the maximum aggregate number of Shares which may be issued pursuant to all Awards
(including Incentive Stock Options) is Five Million (5,000,000) Shares. The Shares may be authorized, but unissued, or reacquired
Common Stock.

 

(b)            Any Shares covered by an Award (or portion of an Award) which is forfeited, canceled or expires (whether voluntarily or
involuntarily) shall be deemed not to have been issued for purposes of determining the maximum aggregate number of Shares which
may be issued under the Plan, except that the maximum aggregate number of Shares which may be issued pursuant to the exercise of
Incentive Stock Options shall not exceed the number specified in Section 3(a). Shares that actually have been issued under the
Plan pursuant to an Award shall not be returned to the Plan and shall not become available for future issuance under the Plan,
except that if unvested Shares are forfeited or repurchased by the Company, such Shares shall become available for future grant
under the Plan. In the event any Option or other Award granted under the Plan is exercised through the tendering of Shares (either
actually or through attestation), or in the event tax withholding obligations are satisfied by tendering or withholding Shares,
any Shares so tendered or withheld shall not again be available for awards under the Plan. To the extent that cash in lieu of Shares
is delivered upon the exercise of a SAR pursuant to Section 6(m), the Company shall be deemed, for purposes of applying the limitation
on the number of shares, to have issued the number of Shares that it was entitled to issue upon such exercise or on the exercise
of any related Option, notwithstanding that cash was issued in lieu of such Shares. Shares reacquired by the Company on the open
market or otherwise using cash proceeds from the exercise of Options shall not be available for awards under the Plan.

 

    6

     

    

 

4.            Administration
of the Plan.

 

(a)            Plan Administrator.

 

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

 

(ii)             
Administration With Respect to Consultants and Other Employees. With respect to grants of Awards to Employees or
Consultants who are neither Directors nor Officers of the Company, the Plan shall be administered by (A) the Board or (B) a Committee
designated by the Board, which Committee shall be constituted in such a manner as to satisfy the Applicable Laws. Once appointed,
such Committee shall continue to serve in its designated capacity until otherwise directed by the Board.

 

(b)           Multiple Administrative Bodies. The Plan may be administered by different bodies with respect to Directors, Officers,
Consultants, and Employees who are neither Directors nor Officers.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    7

     

    

 

(vii)           to
amend the terms of any outstanding Award granted under the Plan, provided that any amendment that would adversely affect the Grantee’s
rights under an outstanding Award shall not be made without the Grantee’s written consent; provided, however, that an amendment
or modification that may cause an Incentive Stock Option to become a Non-Statutory Stock Option shall not be treated as adversely
affecting the rights of the Grantee;

 

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

 

(ix)            
to institute an option exchange program;

 

(x)              to
make other determinations as provided in this Plan; and

 

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

 

The express grant in the Plan of any specific
power to the Administrator shall not be construed as limiting any power or authority of the Administrator; provided that the Administrator
may not exercise any right or power reserved to the Board. Any decision made, or action taken, by the Administrator or in connection
with the administration of this Plan shall be final, conclusive and binding on all persons having an interest in the Plan.

 

(d)           Indemnification.
In addition to such other rights of indemnification as they may have as members of the Board or as Officers or Employees of the
Company or a Related Entity, members of the Board and any Officers or Employees of the Company or a Related Entity to whom authority
to act for the Board, the Administrator or the Company is delegated shall be defended and indemnified by the Company to the extent
permitted by law on an after-tax basis against all reasonable expenses, including attorneys’ fees, actually and necessarily
incurred in connection with the defense of any claim, investigation, action, suit or proceeding, or in connection with any appeal
therein, to which they or any of them may be a party by reason of any action taken or failure to act under or in connection with
the Plan, or any Award granted hereunder, and against all amounts paid by them in settlement thereof (provided such settlement
is approved by the Company) or paid by them in satisfaction of a judgment in any such claim, investigation, action, suit or proceeding,
except in relation to such liabilities, costs, and expenses as may arise out of, or result from, the bad faith, gross negligence,
willful misconduct, or criminal acts of such persons; provided, however, that within thirty (30) days after the institution of
such claim, investigation, action, suit or proceeding, such person shall offer to the Company, in writing, the opportunity at
the Company’s expense to defend the same.

 

(e)            Applicability
of Certain Provisions. Those provisions of the Plan that make express reference to the Exchange Act or Rule 16b-3 shall apply
to the Company only at such time as the Company is subject to the reporting requirements of the Exchange Act, and then only to
such persons as are required to file reports under Section 16(a) of the Exchange Act.

 

5.            Eligibility. Awards other than Incentive Stock Options may be granted to Employees, Directors, and Consultants of
the Company and any Related Entity. Incentive Stock Options may be granted only to Employees of the Company or a Related Entity.
An Employee, Director, or Consultant who has been granted an Award may, if otherwise eligible, be granted additional Awards. Awards
may be granted to such Employees, Directors, or Consultants who are residing in non-U.S. jurisdictions as the Administrator may
determine from time to time.

 

    8

     

    

 

6.            Terms
and Conditions of Awards.

 

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

 

(b)           Designation
of Award. Each Award shall be evidenced by an Award Agreement in form and substance satisfactory to the Administrator. The
type of each Award shall be designated in the Award Agreement. In the case of an Option, the Option shall be designated as either
an Incentive Stock Option or a Non-Statutory Stock Option. However, notwithstanding such designation, an Option will qualify as
an Incentive Stock Option under the Code only to the extent the $100,000 limitation of Section 422(d) of the Code is not
exceeded. The $100,000 limitation of Section 422(d) of the Code is calculated based on the aggregate Fair Market Value of
the Shares subject to Options designated as Incentive Stock Options which become exercisable for the first time by a Grantee during
any calendar year (under all plans of the Company or any Related Entity). For purposes of this calculation, Incentive Stock Options
shall be taken into account in the order in which they were granted, and the Fair Market Value of the Shares shall be determined
as of the grant date of the relevant Option. Any Option granted which fails to satisfy the requirements of the Applicable Laws
for treatment as an Incentive Stock Option shall be a Non-Statutory Stock Option.

 

(c)            Conditions
of Award. Subject to the terms of the Plan, the Administrator shall determine the provisions, terms, and conditions of each
Award including, but not limited to, the Award vesting schedule, repurchase provisions, rights of first refusal, forfeiture provisions,
form of payment (cash, Shares, or other consideration) upon settlement of the Award, payment contingencies, and satisfaction of
any performance criteria that may be established by the Administrator. Shares issued and delivered to Grantees shall bear such
restrictive legends as the Administrator shall deem necessary or advisable pursuant to applicable federal and state securities
laws.

 

(d)            Performance-Based Awards. The Administrator may include in an Award provisions such that the vesting or other realization
of an Award by a Grantee will be subject to the achievement of certain performance criteria as the Administrator may determine
over the course of a Performance Period determined by the Administrator.

 

    9

     

    

 

(i)               The
performance criteria will be established by the Administrator and may include any one of, or combination of, the following criteria:

 

		(A)	Net earnings or net income (before or after taxes);

 

		(B)	Earnings per share;

 

		(C)	Net sales growth;

 

		(D)	Net operating profit;

 

		(E)	Return measures (including, but not limited to, return on assets, capital, equity, or sales);

 

		(F)	Cash flow (including, but not limited to, operating cash flow, free cash flow, and cash flow return on capital);

 

		(G)	Cash flow per share;

 

		(H)	Earnings before or after taxes, interest, depreciation, and/or amortization;

 

		(I)	Gross or operating margins;

 

		(J)	Productivity ratios;

 

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

 

		(L)	Expense targets or ratios;

 

		(M)	Charge-off levels;

 

		(N)	Improvement in or attainment of revenue levels;

 

		(O)	Margins;

 

		(P)	Operating efficiency;

 

		(Q)	Operating expenses;

 

		(R)	Economic value added;

 

		(S)	Improvement in or attainment of expense levels;

 

		(T)	Improvement in or attainment of working capital levels;

 

		(U)	Debt reduction;

 

    10

     

    

 

		(V)	Capital targets; and

 

		(W)	Consummation of acquisitions, dispositions, projects or other specific events or transactions.

 

(ii)             
The Administrator may provide in any grant of an Award that any evaluation of performance may include or exclude any of
the following events that occurs during a Performance Period: (a) asset write-downs, (b) litigation or claim judgments or settlements,
(c) the effect of changes in tax laws, accounting principles or regulations, or other laws or provisions affecting reported results,
(d) any reorganization and restructuring programs, (e) Extraordinary Items (as defined below) for the applicable Performance Period,
(f) mergers, acquisitions or divestitures, and (g) foreign exchange gains and losses. For this purpose, “Extraordinary Items”
means extraordinary, unusual, and/or nonrecurring items of gain or loss as defined under United States generally accepted accounting
principles.

 

(iii)            Before
the 90th day of the applicable Performance Period (or, if the Performance Period is less than one year, no later than the number
of days which is equal to 25% of such Performance Period), the Administrator will determine the duration of the Performance Period,
the performance criteria on which performance will be measured, and the amount and terms of payment/vesting upon achievement of
the such criteria.

 

(iv)            Following
the completion of each Performance Period, the Administrator will certify in writing whether the applicable performance criteria
have been achieved for the Awards for such Performance Period. A Grantee will be eligible to receive payment pursuant to an Award
for a Performance Period only if the performance criteria for such Performance Period are achieved. In determining the amounts
earned by a Grantee pursuant to an Award issued pursuant to this Section 6(d), the Administrator will have the right to (A) reduce
or eliminate (but not to increase) the amount payable at a given level of performance to take into account additional factors
that the Administrator may deem relevant to the assessment of individual or corporate performance for the Performance Period,
(B) determine what actual Award, if any, will be paid in the event of a Corporate Transaction or in the event of a termination
of employment following a Corporate Transaction prior to the end of the Performance Period, and (C) determine what actual Award,
if any, will be paid in the event of a termination of employment other than as the result of a Grantee’s death or Disability
prior to a Corporate Transaction and prior to the end of the Performance Period to the extent an actual Award would have otherwise
been achieved had the Grantee remained employed through the end of the Performance Period.

 

(v)             Payment
of the Award to a Grantee shall be paid following the end of the Performance Period, or if later, the date on which any applicable
contingency or restriction has ended.

 

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

 

    11

     

    

 

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

 

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

 

(h)            Individual
Award Limit. No Grantee may be granted an Award of Options or SARs in any calendar year with respect to more than one million
(1,000,000) Shares, or an Award of Restricted Stock, Restricted Stock Units, Dividend Equivalent Rights, or other Awards that
are valued with reference to shares covering more than one million (1,000,000) Shares. The foregoing limitations shall be adjusted
proportionately in connection with any change in the Company’s capitalization pursuant to Section 13 below.

 

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

 

(j)             Term of Award. The term of each Award shall be the term stated in the Award Agreement, provided, however, that the
term shall be no more than ten (10) years from the date of grant thereof. However, in the case of an Incentive Stock Option
granted to a Grantee who, at the time the Option is granted, owns stock representing more than ten percent (10%) of the voting
power of all classes of stock of the Company or any Related Entity, the term of the Incentive Stock Option shall be five (5)
years from the date of grant thereof or such shorter term as may be provided in the Award Agreement. Notwithstanding the foregoing,
the specified term of any Award shall not include any period for which the Grantee has elected to defer the receipt of the Shares
or cash issuable pursuant to the Award.

 

(k)            Transferability of Awards. Unless the Administrator provides otherwise, no award may be sold, pledged, assigned,
hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be
exercised, during the lifetime of the Grantee, only by the Grantee. Notwithstanding the foregoing, the Grantee may designate one
or more beneficiaries of the Grantee’s Award in the event of the Grantee’s death on a beneficiary designation form
provided by the Administrator.

 

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(l)             Time
of Granting Awards. The date of grant of an Award shall for all purposes be the date on which the Administrator makes the
determination to grant such Award, or such other later date as is determined by the Administrator.

 

(m)           Stock Appreciation Rights. A SAR may be granted (i) with respect to any Option granted under this Plan, either concurrently
with the grant of such Option or at such later time as determined by the Administrator (as to all or any portion of the Shares
subject to the Option), or (ii) alone, without reference to any related Option. Each SAR granted by the Administrator under this
Plan shall be subject to the following terms and conditions. Each SAR granted to any participant shall relate to such number of
Shares as shall be determined by the Administrator, subject to adjustment as provided in Section 13. In the case of a SAR granted
with respect to an Option, the number of Shares to which the SAR pertains shall be reduced in the same proportion that the holder
of the Option exercises the related Option. The exercise price of a SAR will be determined by the Administrator at the date of
grant but may not be less than 100% of the Fair Market Value of the Shares subject thereto on the date of grant. Subject to the
right of the Administrator to deliver cash in lieu of Shares (which, as it pertains to Officers and Directors of the Company, shall
comply with all applicable requirements of the Exchange Act), the number of Shares which shall be issuable upon the exercise of
a SAR shall be determined by dividing:

 

(i)               the number of Shares as to which the SAR is exercised multiplied by the amount of the appreciation in such Shares (for this
purpose, the “appreciation” shall be the amount by which the Fair Market Value of the Shares subject to the SAR on
the exercise date exceeds (1) in the case of a SAR related to an Option, the exercise price of the Shares under the Option or (2)
in the case of a SAR granted alone, without reference to a related Option, an amount which shall be determined by the Administrator
at the time of grant, subject to adjustment under Section 13); by

 

(ii)             
the Fair Market Value of a Share on the exercise date.

 

In lieu of issuing Shares upon the exercise of a SAR, the Administrator
may elect to pay the holder of the SAR cash equal to the Fair Market Value on the exercise date of any or all of the Shares which
would otherwise be issuable. No fractional Shares shall be issued upon the exercise of a SAR; instead, the holder of the SAR shall
be entitled to receive a cash adjustment equal to the same fraction of the Fair Market Value of a Share on the exercise date or
to purchase the portion necessary to make a whole share at its Fair Market Value on the date of exercise. The exercise of a SAR
related to an Option shall be permitted only to the extent that the Option is exercisable under Section 11 on the date of surrender.
Any Incentive Stock Option surrendered pursuant to the provisions of this Section 6(m) shall be deemed to have been converted into
a Non-Statutory Stock Option immediately prior to such surrender.

 

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

 

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

 

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(i)               In
the case of an Incentive Stock Option:

 

(1)              
granted to an Employee who, at the time of the grant of such Incentive Stock Option owns stock representing more than ten
percent (10%) of the voting power of all classes of stock of the Company or any Related Entity, the per Share exercise price shall
be not less than one hundred ten percent (110%) of the Fair Market Value per Share on the date of grant; or

 

(2)              
granted to any Employee other than an Employee described in the preceding paragraph, the per Share exercise price shall
be not less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant.

 

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

 

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

 

(iv)            
Notwithstanding the foregoing provisions of this Section 7(a), in the case of an Award issued pursuant to Section 6(e),
above, the exercise or purchase price for the Award shall be determined in accordance with the provisions of the relevant instrument
evidencing the agreement to issue such Award.

 

(b)            Consideration.
Subject to Applicable Laws, the consideration to be paid for the Shares to be issued upon exercise or purchase of an Award, including
the method of payment, shall be determined by the Administrator. In addition to any other types of consideration the Administrator
may determine, the Administrator is authorized to accept as consideration for Shares issued under the Plan the following:

 

(i)               cash;

 

(ii)             
check;

 

(iii)             delivery
of Grantee’s promissory note with such recourse, interest, security, and redemption provisions as the Administrator determines
as appropriate (but only to the extent that the acceptance or terms of the promissory note would not violate an Applicable Law);
provided, however, that interest shall compound at least annually and shall be charged at the minimum rate of interest necessary
to avoid (A) the imputation of interest income to the Company and compensation income to the Grantee under any applicable provisions
of the Code, and (B) the classification of the Award as a liability for financial accounting purposes;

 

(iv)            surrender
of Shares or delivery of a properly executed form of attestation of ownership of Shares as the Administrator may require which
have a Fair Market Value on the date of surrender or attestation equal to the aggregate exercise price of the Shares as to which
said Award shall be exercised;

 

    14

     

    

 

(v)              with
respect to Options, payment through a broker-dealer sale and remittance procedure pursuant to which the Grantee (A) shall provide
written instructions to a broker-dealer acceptable to the Company to effect the immediate sale of some or all of the purchased
Shares and remit to the Company sufficient funds to cover the aggregate exercise price payable for the purchased Shares and (B)
shall provide written directives to the Company to deliver the certificates (or other evidence satisfactory to the Company to
the extent that the Shares are uncertificated) for the purchased Shares directly to such broker-dealer in order to complete the
sale transaction;

 

(vi)            
with respect to Options, payment through a “net exercise” such that, without the payment of any funds, the Grantee
may exercise the Option and receive the net number of Shares equal to (i) the number of Shares as to which the Option is being
exercised, multiplied by (ii) a fraction, the numerator of which is the Fair Market Value per Share (on such date as is determined
by the Administrator) less the Exercise Price per Share, and the denominator of which is such Fair Market Value per Share;

 

(vii)           
past or future services actually or to be rendered to the Company or a Related Entity;

 

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

 

(ix)             any
other method approved by the Administrator.

 

The Administrator may at any time or from
time to time, by adoption of or by amendment to the standard forms of Award Agreement described in Section 4(c)(iv), or by
other means, grant Awards which do not permit all of the foregoing forms of consideration to be used in payment for the Shares
or which otherwise restrict one or more forms of consideration.

 

8.            Notice
to Company of Disqualifying Disposition. Each Employee who receives an Incentive Stock Option must agree to notify the Company
in writing immediately after the Employee makes a Disqualifying Disposition of any Common Stock acquired pursuant to the exercise
of an Incentive Stock Option.

 

9.            Tax
Withholding.

 

(a)            Prior to the delivery of any Shares or cash pursuant to an Award (or the exercise thereof), or at such other time as the
Tax Obligations are due, the Company, in accordance with the Code and any Applicable Laws, shall have the power and the right to
deduct or withhold, or require a Grantee to remit to the Company, an amount sufficient to satisfy all Tax Obligations. The Administrator
may condition such delivery, payment, or other event pursuant to an Award on the payment by the Grantee of any such Tax Obligations.

 

(b)           The
Administrator, pursuant to such procedures as it may specify from time to time, may designate the method or methods by which a
Grantee may satisfy the Tax Obligations. As determined by the Administrator from time to time, these methods may include one or
more of the following:

 

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(i)               paying
cash;

 

(ii)             
electing to have the Company withhold cash or Shares deliverable to the Grantee having a Fair Market Value equal to the
amount required to be withheld;

 

(iii)             delivering
to the Company already-owned Shares having a Fair Market Value equal to the minimum amount required to be withheld or remitted,
provided the delivery of such Shares will not result in any adverse accounting consequences as the Administrator determines;

 

(iv)            
selling a sufficient number of Shares otherwise deliverable to the Grantee through such means as the Administrator may determine
(whether through a broker or otherwise) equal to the Tax Obligations required to be withheld;

 

(v)              retaining
from salary or other amounts payable to the Grantee cash having a sufficient value to satisfy the Tax Obligations; or

 

(vi)            
any other means which the Administrator determines to both comply with Applicable Laws, and to be consistent with the purposes
of the Plan.

 

The amount of Tax Obligations will be deemed to include any
amount that the Administrator determines may be withheld at the time the election is made, not to exceed the amount determined
by using the maximum federal, state, local and foreign marginal income tax rates applicable to the Grantee or the Company, as applicable,
with respect to the Award on the date that the amount of tax or social insurance liability to be withheld or remitted is to be
determined. The Fair Market Value of the Shares to be withheld or delivered shall be determined as of the date that the Tax Obligations
are required to be withheld.

 

10.          Rights
As a Shareholder.

 

(a)            Restricted
Stock. Except as otherwise provided in any Award Agreement, a Grantee will not have any rights of a shareholder with respect
to any of the Shares granted to the Grantee under an Award of Restricted Stock (including the right to vote or receive dividends
and other distributions paid or made with respect thereto) nor shall cash dividends or dividend equivalents accrue or be paid
in respect of any unvested Award of Restricted Stock, unless and until such Shares vest.

 

(b)            Other
Awards. In the case of Awards other than Restricted Stock, except as otherwise provided in any Award Agreement, a Grantee
will not have any rights of a shareholder, nor will dividends or dividend equivalents accrue or be paid, with respect to any of
the Shares granted pursuant to such Award until the Award is exercised or settled and the Shares are delivered (as evidenced by
the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company).

 

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11.          Exercise
of Award.

 

(a)            Procedure for Exercise.

 

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

 

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

 

(b)            Exercise of Award Following Termination of Continuous Service. In the event of termination of a Grantee’s Continuous
Service for any reason other than Disability or death, such Grantee may, but only during the Post-Termination Exercise Period (but
in no event later than the expiration date of the term of such Award as set forth in the Award Agreement), exercise the portion
of the Grantee’s Award that was vested at the date of such termination or such other portion of the Grantee’s Award
as may be determined by the Administrator. The Grantee’s Award Agreement may provide that upon the termination of the Grantee’s
Continuous Service for Cause, the Grantee’s right to exercise the Award shall terminate concurrently with the termination
of Grantee’s Continuous Service. In the event of a Grantee’s change of status from Employee to Consultant, an Employee’s
Incentive Stock Option shall convert automatically to a Non-Statutory Stock Option on the day three (3) months and one day following
such change of status. To the extent that the Grantee’s Award was unvested at the date of termination, or if the Grantee
does not exercise the vested portion of the Grantee’s Award within the Post-Termination Exercise Period, the Award shall
terminate.

 

(c)            Disability
of Grantee. In the event of termination of a Grantee’s Continuous Service as a result of his or her Disability, such
Grantee may, but only within twelve (12) months from the date of such termination (or such longer period as specified in
the Award Agreement but in no event later than the expiration date of the term of such Award as set forth in the Award Agreement),
exercise the portion of the Grantee’s Award that was vested at the date of such termination; provided, however, that if
such Disability is not a “disability” as such term is defined in Section 22(e)(3) of the Code, in the case of
an Incentive Stock Option such Incentive Stock Option shall automatically convert to a Non-Statutory Stock Option on the day three
(3) months and one day following such termination. To the extent that the Grantee’s Award was unvested at the date of termination,
or if Grantee does not exercise the vested portion of the Grantee’s Award within the time specified herein, the Award shall
terminate.

 

(d)            Death of Grantee. In the event of a termination of the Grantee’s Continuous Service as a result of his or her
death, or in the event of the death of the Grantee during the Post-Termination Exercise Period or during the twelve (12) month
period following the Grantee’s termination of Continuous Service as a result of his or her Disability, the Grantee’s
estate or a person who acquired the right to exercise the Award by bequest or inheritance may exercise the portion of the Grantee’s
Award that was vested as of the date of termination, within twelve (12) months from the date of death (or such longer period as
specified in the Award Agreement but in no event later than the expiration of the term of such Award as set forth in the Award
Agreement). To the extent that, at the time of death, the Grantee’s Award was unvested, or if the Grantee’s estate
or a person who acquired the right to exercise the Award by bequest or inheritance does not exercise the vested portion of the
Grantee’s Award within the time specified herein, the Award shall terminate.

 

    17

     

    

 

(e)            Extension
if Exercise Prevented by Law. Notwithstanding the foregoing, if the exercise of an Award within the applicable time periods
set forth in this Section 11 is prevented by the provisions of Section 12 below, the Award shall remain exercisable
until one (1) month after the date the Grantee is notified by the Company that the Award is exercisable, but in any event no later
than the expiration of the term of such Award as set forth in the Award Agreement.

 

12.          Conditions
Upon Issuance of Shares; Manner of Issuance of Shares.

 

(a)            If at any time the Administrator determines that the delivery of Shares pursuant to the exercise, vesting or any other provision
of an Award is or may be unlawful under Applicable Laws, the vesting or right to exercise an Award or to otherwise receive Shares
pursuant to the terms of an Award shall be suspended until the Administrator determines that such delivery is lawful and shall
be further subject to the approval of counsel for the Company with respect to such compliance. The Company shall have no obligation
to effect any registration or qualification of the Shares under any Applicable Law.

 

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

 

(c)            Subject
to the Applicable Laws and any governing rules or regulations, the Company shall issue or cause to be issued the Shares acquired
pursuant to an Award and shall deliver such Shares to or for the benefit of the Grantee by means of one or more of the following
as determined by the Administrator: (i) by delivering to the Grantee evidence of book entry Shares credited to the account of
the Grantee, (ii) by depositing such Shares for the benefit of the Grantee with any broker with which the Grantee has an account
relationship, or (iii) by delivering such Shares to the Grantee in certificate form.

 

(d)           No fractional Shares shall be issued pursuant to any Award under the Plan; any Grantee who would otherwise be entitled to
receive a fraction of a Share upon exercise or vesting of an Award will receive from the Company cash in lieu of such fractional
Shares in an amount equal to the Fair Market Value of such fractional Shares, as determined by the Administrator.

 

13.          Adjustments.
Subject to any required action by the shareholders of the Company, the number of Shares covered by each outstanding Award, and
the number of Shares which have been authorized for issuance under the Plan but as to which no Awards have yet been granted or
which have been returned to the Plan, the exercise or purchase price of each such outstanding Award, as well as any other terms
that the Administrator determines require adjustment shall be proportionately adjusted for (i) any increase or decrease in
the number of issued and outstanding Shares resulting from a stock split, reverse stock split, stock dividend, combination or
reclassification of the Shares, or similar transaction affecting the Shares, (ii) any other increase or decrease in the number
of issued and outstanding Shares effected without receipt of consideration by the Company, or (iii) any other transaction
with respect to the Company’s Common Stock including a corporate merger, consolidation, acquisition of property or stock,
separation (including a spin-off or other distribution of stock or property), reorganization, liquidation (whether partial or
complete) or any similar transaction; provided, however that conversion of any convertible securities of the Company shall not
be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the Administrator
and its determination shall be final, binding and conclusive. Except as the Administrator determines, no issuance by the Company
of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment
by reason hereof shall be made with respect to, the number or price of Shares subject to an Award. No adjustments shall be made
for dividends paid in cash or in property other than Common Stock of the Company, nor shall cash dividends or dividend equivalents
accrue or be paid in respect of unexercised Options or unvested Awards hereunder.

 

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14.          Corporate
Transaction.

 

(a)            Termination
of Award to Extent Not Assumed in Corporate Transaction. Effective upon the consummation of a Corporate Transaction, all outstanding
Awards under the Plan shall terminate. However, all such Awards shall not terminate to the extent they are Assumed in connection
with the Corporate Transaction.

 

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

 

(c)            Effect of Acceleration on Incentive Stock Options. Any Incentive Stock Option accelerated under this Section 14
in connection with a Corporate Transaction shall remain exercisable as an Incentive Stock Option under the Code only to the extent
the $100,000 limitation of Section 422(d) of the Code is not exceeded.

 

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15.          Effective Date and Term of Plan. The Plan shall become effective at such time as it has been adopted by the Board,
and will continue in effect for a term of ten (10) years unless sooner terminated. The Board will cause the Plan to be submitted
to the Company’s shareholders for approval within twelve (12) months after its adoption by the Board. Shareholder approval
will be obtained in the degree and manner required under Applicable Laws. Any Award granted before shareholder approval is obtained
will be rescinded if shareholder approval is not obtained within the time prescribed, and Shares issued on the grant or exercise
of any such Award shall not be counted in determining whether shareholder approval is obtained. Subject to the preceding sentence
and the Applicable Laws, Awards may be granted under the Plan upon its becoming effective.

 

16.          Amendment,
Suspension or Termination of the Plan.

 

(a)            The Board may at any time amend, suspend or terminate the Plan in any respect, except that it may not, without the approval
of the shareholders obtained within twelve (12) months before or after the Board adopts a resolution authorizing any of the following
actions, do any of the following:

 

(i)              
increase the total number of shares that may be issued under the Plan (except by adjustment pursuant to Section 13);

 

(ii)             
modify the provisions of Section 6 regarding eligibility for grants of Incentive Stock Options;

 

(iii)            
modify the provisions of Section 7(a) regarding the exercise price at which shares may be offered pursuant to Options (except
by adjustment pursuant to Section 13);

 

(iv)             extend
the expiration date of the Plan; and

 

(v)              except as provided in Section 13 (including, without limitation, any stock dividend, stock split, extraordinary cash dividend,
recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or exchange of shares), the Company may
not amend an Award granted under the Plan to reduce its exercise price per share, cancel and regrant new Awards with lower prices
per share than the original prices per share of the cancelled Awards, or cancel any Awards in exchange for cash or the grant of
replacement Awards with an exercise price that is less than the exercise price of the original Awards, essentially having the effect
of a repricing, without approval by the Company’s shareholders.

 

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

 

(c)           No
suspension or termination of the Plan shall adversely affect any rights under Awards already granted to a Grantee without his
or her consent.

 

    20

     

    

 

17.          Reservation
of Shares.

 

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

 

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

 

18.          No
Effect on Terms of Employment/Consulting Relationship. The Plan shall not confer upon any Grantee any right with respect to
the Grantee’s Continuous Service, nor shall it interfere in any way with his or her right or the right of the Company or
a Related Entity to terminate the Grantee’s Continuous Service at any time, with or without Cause, and with or without notice.
The ability of the Company or any Related Entity to terminate the employment of a Grantee who is employed at will is in no way
affected by its determination that the Grantee’s Continuous Service has been terminated for Cause for the purposes of this
Plan.

 

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

 

20.          Information to Grantees. The Company shall provide to each Grantee, during the period for which such Grantee has
one or more Awards outstanding, such information as required by Applicable Laws.

 

21.          Electronic
Delivery. The Administrator may decide to deliver any documents related to any Award granted under the Plan through an online
or electronic system established and maintained by the Company or another third party designated by the Company or to request
a Grantee’s consent to participate in the Plan by electronic means. By accepting an Award, each Grantee consents to receive
such documents by electronic delivery and agrees to participate in the Plan through an online or electronic system established
and maintained by the Company or another third party designated by the Company, and such consent shall remain in effect throughout
Grantee’s Continuous Service with the Company and any Related Entity and thereafter until withdrawn in writing by Grantee.

 

22.          Data
Privacy. The Administrator may decide to collect, use and transfer, in electronic or other form, personal data as described
in this Plan or any Award for the exclusive purpose of implementing, administering and managing participation in the Plan. By
accepting an Award, each Grantee acknowledges that the Company holds certain personal information about Grantee, including, but
not limited to, name, home address and telephone number, date of birth, social security number or other identification number,
salary, nationality, job title, details of all Awards awarded, cancelled, exercised, vested or unvested, for the purpose of implementing,
administering and managing the Plan (the “Data”). Each Grantee further acknowledges that Data may be
transferred to any third parties assisting in the implementation, administration and management of the Plan and that these third
parties may be located in jurisdictions that may have different data privacy laws and protections, and Grantee authorizes such
third parties to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing,
administering and managing the Plan, including any requisite transfer of such Data as may be required to a broker or other third
party with whom the recipient or the Company may elect to deposit any Shares acquired upon any Award.

 

    21

     

    

 

23.          Compliance with Section 409A of the Code. Notwithstanding anything to the contrary set forth herein, the Award Agreement
evidencing any Award that is not exempt from the requirements of Section 409A of the Code shall contain provisions such that the
Award will comply with the requirements of Section 409A of the Code and avoid the consequences specified in Section 409A(a)(1)
of the Code. To the extent applicable, the Plan and Award Agreements shall be interpreted in accordance with Section 409A of the
Code and Department of the Treasury regulations and other interpretive guidance issued thereunder, including without limitation
any such regulations or other guidance that may be issued or amended after the effective date of the Plan. Notwithstanding any
provision of the Plan to the contrary, in the event that following the effective date of the Plan the Administrator determines
that any Award may be subject to Section 409A of the Code and related Department of Treasury guidance (including such Department
of Treasury guidance as may be issued after the effective date of the Plan), the Administrator may adopt such amendments to the
Plan and the applicable Award Agreement or adopt other policies and procedures (including amendments, policies and procedures with
retroactive effect), or take any other actions, that the Administrator determines are necessary or appropriate to (1) exempt the
Award from Section 409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Award,
or (2) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance.

 

24.          Unfunded
Obligation. Grantees shall have the status of general unsecured creditors of the Company. Any amounts payable to Grantees
pursuant to the Plan shall be unfunded and unsecured obligations for all purposes, including, without limitation, Title I
of the Employee Retirement Income Security Act of 1974, as amended. Neither the Company nor any Related Entity shall be required
to segregate any monies from its general funds, or to create any trusts, or establish any special accounts with respect to such
obligations. The Company shall retain at all times beneficial ownership of any investments, including trust investments, which
the Company may make to fulfill its payment obligations hereunder. Any investments or the creation or maintenance of any trust
or any Grantee account shall not create or constitute a trust or fiduciary relationship between the Administrator, the Company
or any Related Entity and a Grantee, or otherwise create any vested or beneficial interest in any Grantee or the Grantee’s
creditors in any assets of the Company or a Related Entity. The Grantees shall have no claim against the Company or any Related
Entity for any changes in the value of any assets that may be invested or reinvested by the Company with respect to the Plan.

 

25.          Construction.
Captions and titles contained herein are for convenience only and shall not affect the meaning or interpretation of any provision
of the Plan. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include
the singular. Use of the term “or” is not intended to be exclusive, unless the context clearly requires otherwise.

 

    22

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