Document:

Exhibit
10.29

 

 

Power
of Attorney

 

This
is to authorize Beijing Sihitech Technology Co., Ltd. (Beijing Sihitech) to be
entitled with all the shareholder rights of my investment of RMB600,000 in
Beijing Sihitech Software Co.,Ltd., including but not limited to: voting
rights, nomination rights, rights to dividends and retained earnings,
transferring and collateral rights. Beijing Sihitech is entitled to all the
shareholder’s rights as well as associated risks and responsibilities within
the effective period of time of this authorization.

 

From
this date on, Beijing Sihitech Software regards and treats Beijing Sihitech as
me myself in every aspect of the relationship between the company and the
shareholders; Beijing Sihitech is entitled to sign all the legal documents and
execute all the shareholder rights on behalf of me; Beijing Sihitech is
entitled to grant Power of Attorney to others with regards to my shareholder
rights.

 

This
authorization is irrevocable and effective till the date when Beijing Sihitech
Software ceases to operate.

 

 

Signature:

 

(Wu
Hong)

October
21, 2002Exhibit
10.30

 

 

Power
of Attorney

 

This is to authorize Beijing
Sihitech Technology Co., Ltd. (Beijing Sihitech) to be entitled with all the
shareholder rights of my investment of RMB 1,000,000 and RMB 400,000 in
Shanghai Sihitech Technology Co.,Ltd. and Guangzhou Sihitech Technology Co.,
Ltd., including but not limited to: voting rights, nomination rights, rights to
dividends and retained earnings, transferring and collateral rights. Beijing
Sihitech is entitled to all the shareholder’s rights as well as associated
risks and responsibilities within the effective period of time of this authorization.

 

From this date on, Shanghai
Sihitech Technology Co.,Ltd. and Guangzhou Sihitech Technology Co., Ltd.
regards and treats Beijing Sihitech as me myself in every aspect of the
relationship between the company and the shareholders; Beijing Sihitech is
entitled to sign all the legal documents and execute all the shareholder rights
on behalf of me; Beijing Sihitech is entitled to grant Power of Attorney to
others with regards to my shareholder rights.

 

This authorization is
irrevocable and effective till the date when Shanghai Sihitech Technology
Co.,Ltd. and Guangzhou Sihitech Technology Co., Ltd. ceases to operate.

 

 

Signature:

 

(Hong Weidong)

January 1, 2005Exhibit
10.31

 

 

Power
of Attorney

 

This
is to authorize Beijing Sihitech Technology Co., Ltd. (Beijing Sihitech) to be
entitled with all the shareholder rights of my investment of RMB100,000 in
Beijing Sihitech Information Consulting Co.,Ltd., including but not limited to:
voting rights, nomination rights, rights to dividends and retained earnings,
transferring and collateral rights. Beijing Sihitech is entitled to all the
shareholder’s rights as well as associated risks and responsibilities within
the effective period of time of this authorization.

 

From
this date on, Beijing Sihitech Software regards and treats Beijing Sihitech as
me myself in every aspect of the relationship between the company and the
shareholders; Beijing Sihitech is entitled to sign all the legal documents and
execute all the shareholder rights on behalf of me; Beijing Sihitech is
entitled to grant Power of Attorney to others with regards to my shareholder
rights.

 

This
authorization is irrevocable and effective till the date when Beijing Sihitech
Software ceases to operate.

 

 

Signature:

 

(Wang
Zhifeng)

January
17, 2001Exhibit 4.1  

	COMMON STOCK	 	 	 	COMMON STOCK
	

Number	
 	

 	
 	

Shares
	
OSH	
 	

 	
 	

 

[OTIS SPUNKMEYER LOGO]  

 OTIS SPUNKMEYER HOLDINGS, INC.  

	
INCORPORATED UNDER THE LAWS

    OF THE STATE OF DELAWARE	
 	

CUSIP 689020 10 5	
 	

SEE REVERSE FOR

CERTAIN DEFINITIONS

THIS CERTIFIES THAT 

IS
THE RECORD HOLDER OF 

FULLY PAID AND NONASSESSABLE SHARES OF THE COMMON STOCK, $0.01 PAR VALUE PER SHARE, OF 

OTIS SPUNKMEYER HOLDINGS, INC.  

transferable on the books of the Corporation in person or by duly authorized attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid until
countersigned and registered by the Transfer Agent and Registrar. 

        WITNESS
the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers. 

        Dated:

	

/s/ Stephen C. Ricks
 SECRETARY	
 	

[CORPORATE SEAL]	
 	

/s/ John S. Schiavo
 PRESIDENT & CEO

	

 	
 	
COUNTERSIGNED AND REGISTERED:

    AMERICAN STOCK TRANSFER & TRUST COMPANY

            (New York, NY)
	 	 	TRANSFER AGENT

AND REGISTRAR
	

 	
 	

BY
	

 	
 	

AUTHORIZED SIGNATURE

        The Corporation shall furnish without charge to each stockholder who so requests a statement of the powers,
designations, preferences and relative, participating, optional or other special rights of each class of stock of the Corporation or series thereof and the qualifications, limitations or restrictions
of such preferences and/or rights. Such requests shall be made to the Corporation's Secretary at the principal office of the Corporation. 

        The following abbreviations, when used in the inscription on the face of this certificate, shall be
construed as though they were written out in full according to applicable laws or regulations: 

	

TEN COM	
 	

—	
 	

as tenants in common	

 	

UNIF GIFT MIN ACT—                               Custodian
                              
	TEN ENT	 	—	 	as tenants by the entireties	 	                                        
         (Cust)                             (Minor)
	JT TEN	 	—	 	as joint tenants with right of	 	                                        
 under Uniform Gifts to Minors
	 	 	 	 	survivorship and not as tenants	 	                                        
 Act
                                         
         
	 	 	 	 	in common	 	                                        
                     (State)
	 	 	 	 	 	 	UNIF TRF MIN ACT—                     Custodian (until age
                    )
	 	 	 	 	 	 	                                        
     (Cust)
	 	 	 	 	 	 	                                        
                                under Uniform Transfers
	 	 	 	 	 	 	                                        
         (Minor)
	 	 	 	 	 	 	                                        
 to Minors Act
                                         
         
	 	 	 	 	 	 	                                        
                                          
     (State)

Additional abbreviations may also be used though not in the above list. 

        FOR VALUE RECEIVED,
                                         
          hereby sell, assign and transfer unto 

PLEASE INSERT SOCIAL SECURITY OR OTHER

    IDENTIFYING NUMBER OF ASSIGNEE 

                                        
           

                                        
          

	

  
(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	

  

	

  

	

  
	

Shares
	of the common stock represented by the within Certificate, and do hereby irrevocably constitute and appoint
	

  
	

Attorney
	to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises.

Dated
                                        

	

 	
 	
X	

  

	

 	
 	

X	

  

	 	 	NOTICE:	THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.Exhibit 10.9  

OTIS SPUNKMEYER HOLDINGS, INC.

2006 EQUITY INCENTIVE PLAN  

1.     Purpose.  

        This plan shall be known as the Otis Spunkmeyer Holdings, Inc. 2006 Equity Incentive Plan (the "Plan"). The purpose of the Plan shall be to promote the
long-term growth and profitability of Otis Spunkmeyer Holdings, Inc. (the "Company") and its Subsidiaries by (i) providing certain directors, officers and employees of, and
certain other individuals who perform services for, or to whom an offer of employment has been extended by, the Company and its Subsidiaries with incentives to maximize stockholder value and otherwise
contribute to the success of the Company and (ii) enabling the Company to attract, retain and reward the best available persons for positions of responsibility. Grants of incentive or
non-qualified stock options, restricted stock, performance awards or any combination of the foregoing may be made under the Plan. 

2.     Definitions.  

        (a)   "Board
of Directors" and "Board" mean the board of directors of the Company. 

        (b)   "Cause"
shall, with respect to any participant, have the equivalent meaning as the term "cause" or "for cause" in any employment, consulting, or independent contractor's
agreement between the participant and the Company or any Subsidiary, or in the absence of such an agreement that contains such a defined term, shall mean the occurrence of one or more of the following
events: 

        (i)    Conviction
of any felony or any crime or offense lesser than a felony involving the property of the Company or a Subsidiary; or 

        (ii)   Deliberate
or reckless conduct that has caused demonstrable and serious injury to the Company or a Subsidiary, monetary or otherwise, or any other serious misconduct of
such a nature that the participant's continued relationship with the Company or a Subsidiary may reasonably be expected to adversely affect the business or properties of the Company or any Subsidiary;
or 

        (iii)  Willful
refusal to perform or reckless disregard of duties properly assigned, as determined by the Company; or 

        (iv)  Breach
of duty of loyalty to the Company or a Subsidiary or other act of fraud or dishonesty with respect to the Company or a Subsidiary. 

        For
purposes of this Section 2(b), any good faith determination of "Cause" made by the Committee shall be binding and conclusive on all interested parties. 

        (c)   "Change
in Control" means the occurrence of one of the following events: 

        (i)    if
any "person" or "group" as those terms are used in Sections 13(d) and 14(d) of the Exchange Act or any successors thereto, other than an Exempt Person, is or
becomes the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act or any successor thereto), directly or indirectly, of securities of the Company representing more
than 50% of either the then outstanding shares or the combined voting power of the then outstanding securities of the Company; or 

        (ii)   during
any period of two consecutive years, individuals who at the beginning of such period constitute the Board and any new directors whose election by the Board or
nomination for election by the Company's stockholders was approved by at least two-thirds of the directors then still in office who either were directors at the beginning of the period or
whose election was previously so approved, cease for any reason to constitute a majority thereof; or 

        (iii)  the
consummation of a merger or consolidation of the Company with any other corporation or other entity, other than a merger or consolidation (A) which would
result in all or a portion of the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting
securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger or
consolidation; or (B) by which the corporate existence of the Company is not affected and following which the Company's chief executive officer and directors retain their positions with the
Company (and constitute at least a majority of the Board); or 

 

        (iv)  the
consummation of a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all the Company's
assets, other than a sale to an Exempt Person. 

        In
each case above, such change in control will not be treated as a change of control for purposes of this Plan unless such change in control is also a change in control for purposes of
Section 409A of the Code and the Treasury Regulations promulgated with respect thereto. 

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

        (e)   "Committee"
means the Compensation Committee of the Board, which shall consist solely of two or more members of the Board, and each member of the Committee shall be
(i) a "non-employee director" within the meaning of Rule 16b-3 under the Exchange Act, unless administration of the Plan by "non-employee directors"
is not then required in order for exemptions under Rule 16b-3 to apply to transactions under the Plan, (ii) an "outside director" within the meaning of Section 162(m)
of the Code, unless administration of the Plan by "outside directors" is not then required in order to qualify for tax deductibility under Section 162(m) of the Code, and
(iii) independent, as defined by the rules of the [Nasdaq National Market/NYSE] or any national securities exchange on which any securities of the Company are listed for
trading, and if not listed for trading, by the rules of the Nasdaq National Market. 

        (f)    "Common
Stock" means the Common Stock, par value $0.01 per share, of the Company, and any other shares into which such stock may be changed by reason of a
recapitalization, reorganization, merger, consolidation or any other change in the corporate structure or capital stock of the Company. 

        (g)   "Competition"
is deemed to occur if a person whose employment with the Company or its Subsidiaries has terminated obtains a position as a full-time or
part-time employee of, as a member of the board of directors of, or as a consultant or advisor with or to, or acquires an ownership interest in excess of 2% of a corporation, partnership,
firm or other entity that engages, in any state in which the Company or any Subsidiary is doing business at the time of such person's termination of employment, in any business which competes with any
product or service of the Company or any Subsidiary. 

        (h)   "Disability"
means that (i) the participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental
impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii) the participant is, by reason of any medically
determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement
benefits for a period of not less than 3 months under an accident and health plan covering employees of the Company. 

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

        (j)    "Exempt
Person" means (i) Code Hennessy & Simmons IV LP, CHS Associates IV or any of their affiliates, (ii) any person,
entitiy or group under the control of any party included in clause (i), or (iii) any employee benefit plan of the Company or any Subsidiary, or a trustee or other administrator or
fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary. 

        (k)   "Family
Member" has the meaning given to such term in General Instructions A.1(a)(5) to Form S-8 under the Securities Act of 1933, as amended,
and any successor thereto. 

        (l)    "Fair
Market Value" of a share of Common Stock of the Company means, as of the date in question, the officially-quoted closing selling price of the stock (or if no
selling price is quoted, the bid price) on the principal securities exchange on which the Common Stock is then listed for trading (including for this purpose the [Nasdaq National
Market/NYSE]) (the "Market") for the applicable trading day or, if the Common Stock is not then listed or quoted in the Market, the Fair Market Value shall be the fair value of the Common
Stock determined in good faith by the Board; provided, however, that when shares received upon exercise of an option are immediately sold in the open market, the net sale price received may be used to
determine the Fair Market Value of any shares used to pay the exercise price or applicable withholding taxes and to compute the withholding taxes. 

        (m)  "Good
Reason" shall, with respect to any participant, have the equivalent meaning as the term "good reason" or "for good reason" in any employment, consulting, or
independent contractor's agreement between the participant and the Company or any Subsidiary, or in the absence of such an agreement that contains such a defined term, shall mean (i) the
assignment to the participant of any duties materially inconsistent with the participant's duties or responsibilities as assigned by the Company (or a Subsidiary), or any other action by the 

2

 

Company
(or a Subsidiary) which results in a material diminution in such duties or responsibilities, excluding for this purpose any isolated, insubstantial and inadvertent actions not taken in bad
faith and which are remedied by the Company (or a Subsidiary) promptly after receipt of notice thereof given by the participant; (ii) any material failure by the Company (or a Subsidiary) to
make any payment of compensation or pay any benefits to the participant that have been agreed upon between the Company (or a Subsidiary) and the participant in writing, other than an isolated,
insubstantial and inadvertent failure not occurring in bad faith and which is remedied by the Company (or a Subsidiary) promptly after receipt of notice thereof given by the participant; or
(iii) the Company's (or Subsidiary's) requiring the participant to be based at any office or location outside of fifty miles from the location of employment or service as of the date of award,
except for travel reasonably required in the performance of the participant's responsibilities. 

        (n)   "Incentive
Stock Option" means an option conforming to the requirements of Section 422 of the Code and any successor thereto. 

        (o)   "Non-Employee
Director" has the meaning given to such term in Rule 16b-3 under the Exchange Act and any successor thereto. 

        (p)   "Non-qualified
Stock Option" means any stock option other than an Incentive Stock Option. 

        (q)   "Other
Company Securities" mean securities of the Company other than Common Stock, which may include, without limitation, unbundled stock units or components thereof,
debentures, preferred stock, warrants and securities convertible into or exchangeable for Common Stock or other property. 

        (r)   "Performance
Award" means a right, granted to a participant under Section 10 hereof, to receive awards based upon performance criteria specified by the Committee. 

        (s)   "Retirement"
means retirement as defined under any Company pension plan or retirement program or termination of one's employment on retirement with the approval of the
Committee. 

        (t)    "Share"
means a share of Common Stock that may be issued pursuant to the Plan. 

        (u)   "Subsidiary"
means a corporation or other entity of which outstanding shares or ownership interests representing 50% or more of the combined voting power of such
corporation or other entity entitled to elect the management thereof, or such lesser percentage as may be approved by the Committee, are owned directly or indirectly by the Company. 

3.     Administration.  

        The Plan shall be administered by the Committee; provided that the Board may, in its discretion, at any time and from time to time, resolve to administer the
Plan, in which case the term "Committee" shall be deemed to mean the Board for all purposes herein. Subject to the provisions of the Plan, the Committee shall be authorized to (i) select
persons to participate in the Plan, (ii) determine the form and substance of grants made under the Plan to each participant, and the conditions and restrictions, if any, subject to which such
grants will be made, (iii) certify that the conditions and restrictions applicable to any grant have been met, (iv) modify the terms of grants made under the Plan, (v) interpret
the Plan and grants made thereunder, (vi) make any adjustments necessary or desirable in connection with grants made under the Plan to eligible participants located outside the United States
and (vii) adopt, amend, or rescind such rules and regulations, and make such other determinations, for carrying out the Plan as it may deem appropriate. Decisions of the Committee on all
matters relating to the Plan shall be in the Committee's sole discretion and shall be conclusive and binding on all parties. The validity, construction, and effect of the Plan and any rules and
regulations relating to the Plan shall be determined in accordance with applicable federal and state laws and rules and regulations promulgated pursuant thereto. No member of the Committee and no
officer of the Company shall be liable for any action taken or omitted to be taken by such member, by any other member of the Committee or by any officer of the Company in connection with the
performance of duties under the Plan, except for such person's own willful misconduct or as expressly provided by statute. 

        The
expenses of the Plan shall be borne by the Company. The Plan shall not be required to establish any special or separate fund or make any other segregation of assets to assume the
payment of any award under the Plan, and rights to the payment of such awards shall be no greater than the rights of the Company's general creditors. 

3

 

        All
equity of the Company or options with respect to equity of the Company ("Company Equity") issued hereunder are intended to avoid the inclusion of amounts with respect to the Company
Equity as deferred compensation of a participant under Section 409A of the Code. However, neither the Company nor any of its affiliates makes any representations with respect to the application
of Section 409A of the Code to the Company Equity and, by the acceptance of the Company Equity, a participant agrees to accept the potential application of Section 409A of the Code to
the Company Equity and the other tax consequences of the issuance, vesting, ownership, modification, adjustment, and disposition of the Company Equity. A participant agrees to hold harmless and
indemnify the Company and its affiliates from any adverse tax consequences to a participant with respect to the Company Equity, any withholding or other tax obligations of the Company or its
affiliates with respect to the Company Equity, and from any action or inaction or omission of the Company or its affiliates pursuant to the Plan or otherwise that may cause such Options to be or
become subject to Section 409A of the Code. 

4.     Shares Available for the Plan; Limit on Awards.  

        Subject to adjustments as provided in Section 16, an aggregate of [            ] shares of Common Stock may be
issued
pursuant to the Plan, plus an automatic annual increase on the first day of each of the Company's fiscal years beginning in 2007 and ending in 2016 equal to the lesser of (i) one percent (1%)
of the shares of Common Stock outstanding on the last day of the immediately preceding fiscal year and (ii) such lesser number of shares of Common Stock as determined by the Committee
(collectively, the "Shares"). Notwithstanding the foregoing, the maximum aggregate number of Shares that may be issued pursuant to Incentive Stock Options under the Plan shall not exceed
[            ] ([            ]) (subject to adjustments as provided in Section 16), and such number shall not be subject to
annual
adjustment as described in the preceding sentence. Such Shares may be in whole or in part authorized and unissued or held by the Company as treasury shares. If any grant under the Plan expires or
terminates unexercised, becomes unexercisable or is forfeited as to any Shares, or is tendered or withheld as to any Shares in payment of the exercise price of the grant or the taxes payable with
respect to the exercise, then such unpurchased, forfeited, tendered or withheld Shares shall thereafter be available for further grants under the Plan. 

        Without
limiting the generality of the foregoing provisions of this Section 4 or the generality of the provisions of Sections 3, 6 or 18 or any other section of this Plan,
the Committee may, at any time or from time to time, and on such terms and conditions (that are consistent with and not in contravention of the other provisions of this Plan) as the Committee may, in
its sole discretion, determine, enter into agreements (or take other actions with respect to the options) for new options containing terms (including exercise prices) more (or less) favorable than the
outstanding options; provided that such options will comply in all respects with Section 409A of the Code. 

        In
any one calendar year, the Committee shall not grant to any one participant awards to purchase or acquire a number of Shares in excess of twenty percent (20%) of the total number of
Shares authorized under the Plan pursuant to this Section 4. 

5.     Participation.  

        Participation in the Plan shall be limited to those directors (including Non-Employee Directors), officers (including non-employee
officers) and employees of, and other individuals performing services for, or to whom an offer of employment has been extended by, the Company and its Subsidiaries selected by the Committee (including
participants located outside the United States). Nothing in the Plan or in any grant thereunder shall confer any right on a participant to continue in the service or employ as a director or officer of
or in the performance of services for the Company or a Subsidiary or shall interfere in any way with the right of the Company or a Subsidiary to terminate the employment or performance of services or
to reduce the compensation or responsibilities of a participant at any time. By accepting any award under the Plan, each participant and each person claiming under or through him or her shall be
conclusively deemed to have indicated his or her acceptance and ratification of, and consent to, any action taken under the Plan by the Company, the Board or the Committee. 

        Incentive
Stock Options or Non-qualified Stock Options, restricted stock awards, performance awards, or any combination thereof, may be granted to such persons and for such
number of Shares as the Committee shall determine (such individuals to whom grants are made being sometimes herein called "optionees" or "grantees," as the case may be). Determinations made by the
Committee under the Plan need not be uniform and may be made selectively among eligible individuals under the Plan, whether or not such individuals are similarly situated. A 

4

 

grant
of any type made hereunder in any one year to an eligible participant shall neither guarantee nor preclude a further grant of that or any other type to such participant in that year or
subsequent years. 

6.     Incentive and Non-qualified Options.  

        The Committee may from time to time grant to eligible participants Incentive Stock Options, Non-qualified Stock Options, or any combination thereof;
provided that the Committee may grant Incentive Stock Options only to eligible employees of the Company or its subsidiaries (as defined for this purpose in Section 424(f) of the Code or any
successor thereto). The options granted shall take such form as the Committee shall determine, subject to the following terms and conditions. 

        It
is the Company's intent that Non-qualified Stock Options granted under the Plan not be classified as Incentive Stock Options, that Incentive Stock Options be consistent
with and contain or be deemed to contain all provisions required under Section 422 of the Code and any successor thereto, and that any ambiguities in construction be interpreted in order to
effectuate such intent. If an Incentive Stock Option granted under the Plan does not qualify as such for any reason, then to the extent of such non-qualification, the stock option
represented thereby shall be regarded as a Non-qualified Stock Option duly granted under the Plan, provided that such stock option otherwise meets the Plan's requirements for
Non-qualified Stock Options. 

        (a)    Price.    The price per Share deliverable upon the exercise of each option ("exercise price") shall be
established by the Committee, and, in all cases, the exercise price may not be less than 100% of the Fair Market Value of a share of Common Stock as of the date of grant of the option, and in the case
of the grant of any Incentive Stock Option to an employee who, at the time of the grant, owns more than 10% of the total combined voting power of all classes of stock of the Company or any of its
Subsidiaries, the exercise price may not be less than 110% of the Fair Market Value of a share of Common Stock as of the date of grant of the option, in each case unless otherwise permitted by
Section 422 of the Code or any successor thereto. 

        (b)    Payment.    Options may be exercised, in whole or in part, upon payment of the exercise price of the Shares to
be acquired. Unless otherwise determined by the Committee, payment shall be made (i) in cash (including check, bank draft, money order or wire transfer of immediately available funds),
(ii) by delivery of outstanding shares of Common Stock with a Fair Market Value on the date of exercise equal to the aggregate exercise price payable with respect to the options' exercise,
(iii) by simultaneous sale through a broker reasonably acceptable to the Committee of Shares acquired on exercise, as permitted under Regulation T of the Federal Reserve Board or
(iv) by any combination of the foregoing. 

        In
the event a grantee elects to pay the exercise price payable with respect to an option pursuant to clause (ii) above, (A) only a whole number of share(s) of Common Stock
(and not fractional shares of Common Stock) may be tendered in payment, (B) such grantee must present evidence acceptable to the Company that he or she has owned any such shares of Common Stock
tendered in payment of the exercise price (and that such tendered shares of Common Stock have not been subject to any substantial risk of forfeiture) for at least six months prior to the date of
exercise, and (C) Common Stock must be delivered to the Company. Delivery for this purpose may, at the election of the grantee, be made either by (1) physical delivery of the
certificate(s) for all such shares of Common Stock tendered in payment of the price, accompanied by duly executed instruments of transfer in a form acceptable to the Company, or (2) direction
to the grantee's broker to transfer, by book entry, such shares of Common Stock from a brokerage account of the grantee to a brokerage account specified by the Company. When payment of the exercise
price is made by delivery of Common Stock, the difference, if any, between the aggregate exercise price payable with respect to the option being exercised and the Fair Market Value of the shares of
Common Stock tendered in payment (plus any applicable taxes) shall be paid in cash. No grantee may tender shares of Common Stock having a Fair Market Value exceeding the aggregate exercise price
payable with respect to the option being exercised (plus any applicable taxes). 

        (c)    Terms of Options.    The term during which each option may be exercised shall be determined by the Committee,
but if required by the Code and except as otherwise provided herein, no option shall be exercisable in whole or in part more than ten years from the date it is granted, and no Incentive Stock Option
granted to an employee who at the time of the grant owns more than 10% of the total combined voting power of all classes of stock of the Company or any of its Subsidiaries shall be exercisable more
than five years from the date it is granted. All rights to purchase Shares pursuant to an option shall, unless sooner terminated, expire at the date designated by the Committee, but in no instance
will a key employee as defined in Section 416(i) of the Code (excluding paragraph 5 thereof) be entitled to exercise earlier than six months following the vesting date if such
vesting occurs as a result of a separation from service. The Committee shall determine the date on which each 

5

 

option
shall become exercisable and may provide that an option shall become exercisable in installments. The Shares constituting each installment may be purchased in whole or in part at any time after
such installment becomes exercisable, subject to such minimum exercise requirements as may be designated by the Committee. Prior to the exercise of an option and delivery of the Shares represented
thereby, the optionee shall have no rights as a stockholder with respect to any Shares covered by such outstanding option (including any dividend or voting rights). 

        (d)    Limitations on Grants.    If required by the Code, the aggregate Fair Market Value (determined as of the grant
date) of Shares for which an Incentive Stock Option is exercisable for the first time during any calendar year under all equity incentive plans of the Company and its Subsidiaries (as defined in
Section 422 of the Code or any successor thereto) may not exceed $100,000. 

        (e)    Termination.    

        (i)    Death or Disability.    Except as otherwise determined by the Committee, if a participant ceases to be a
director, officer or employee of, or to perform other services for, the Company and any Subsidiary due to death or Disability, all of the participant's options that were exercisable on the date of
such cessation shall remain so for a period of 180 days from the date of such death or Disability, but in no event after the expiration date of the options; provided that the participant does
not engage in Competition during such 180-day period unless he or she received written consent to do so from the Board or the Committee. Notwithstanding the foregoing, if the Disability
giving rise to the termination of employment is not within the meaning of Section 22(e)(3) of the Code or any successor thereto, Incentive Stock Options not exercised by such participant within
90 days after the date of termination of employment will cease to qualify as Incentive Stock Options and will be treated as Non-qualified Stock Options under the Plan if required to
be so treated under the Code. 

        (ii)    Retirement.    Except as otherwise determined by the Committee, if a participant ceases to be a director,
officer or employee of, or to perform other services for, the Company or any Subsidiary upon the occurrence of his or her Retirement, (A) all of the participant's options that were exercisable
on the date of Retirement shall remain exercisable for, and shall otherwise terminate at the end of, a period of 90 days after the date of Retirement, but in no event after the expiration date
of the options; provided that the participant does not engage in Competition during such 90-day period unless he or she receives written consent to do so from the Board or the Committee,
and (B) all of the participant's options that were not exercisable on the date of Retirement shall be forfeited immediately upon such Retirement; provided, however, that such options may become
fully vested and exercisable in the discretion of the Committee. Notwithstanding the foregoing, Incentive Stock Options not exercised by such participant within 90 days after Retirement will
cease to qualify as Incentive Stock Options and will be treated as Non-qualified Stock Options under the Plan if required to be so treated under the Code. 

        (iii)    Discharge for Cause.    Except as otherwise determined by the Committee, if a participant ceases to be a
director, officer or employee of, or to perform other services for, the Company or a Subsidiary due to Cause, or if a participant does not become a director, officer or employee of, or does not begin
performing other services for, the Company or a Subsidiary for any reason, all of the participant's options shall expire and be forfeited immediately upon such cessation or
non-commencement, whether or not then exercisable. 

        (iv)    Other Termination.    Except as otherwise determined by the Committee, if a participant ceases to be a
director, officer or employee of, or to otherwise perform services for, the Company or a Subsidiary for any reason other than death, Disability, Retirement or Cause, (A) all of the
participant's options that were exercisable on the date of such cessation shall remain exercisable for, and shall otherwise terminate at the end of, a period of 90 days after the date of such
cessation, but in no event after the expiration date of the options; provided that the participant does not engage in Competition during such 90-day period unless he or she receives
written consent to do so from the Board or the Committee, and (B) all of the participant's options that were not exercisable on the date of such cessation shall be forfeited immediately upon
such cessation. 

        (f)    Options Exercisable for Restricted Stock.    The Committee shall have the discretion to grant options which are
exercisable for Shares of restricted stock. Should the participant cease to be a director, officer or employee of, or to perform other services for, the Company or any Subsidiary while holding such
Shares of restricted stock, the Company shall have the right to repurchase, at the exercise price paid per share, any or all of those Shares of restricted stock. The terms upon which such repurchase
right shall be exercisable 

6

 

(including
the period and procedure for exercise and the appropriate vesting schedule for the purchased shares) shall be established by the Committee and set forth in the document evidencing such
repurchase right. 

7.     Restricted Stock.  

        The Committee may at any time and from time to time grant Shares of restricted stock under the Plan to such participants and in such amounts as it determines.
Each grant of Shares of restricted stock shall specify the applicable restrictions on such Shares, the duration of such restrictions (which shall be at least six months except as otherwise determined
by the Committee or provided in the third paragraph of this Section 7), and the time or times at which such restrictions shall lapse with respect to all or a specified number of Shares that are
part of the grant. 

        The
participant will be required to pay the Company the aggregate par value of any Shares of restricted stock (or such larger amount as the Board may determine to constitute capital
under Section 154 of the Delaware General Corporation Law, as amended, or any successor thereto) within ten days of the date of grant, unless such Shares of restricted stock are treasury
shares. Unless otherwise determined by the Committee, certificates representing Shares of restricted stock granted under the Plan will be held in escrow by the Company on the participant's behalf
during any period of restriction thereon and will bear an appropriate legend specifying the applicable restrictions thereon, and the participant will be required to execute a blank stock power
therefor. Except as otherwise provided by the Committee, during such period of restriction the participant shall have all of the rights of a holder of Common Stock, including but not limited to the
rights to receive dividends and to vote, and any stock or other securities received as a distribution with respect to such participant's restricted stock shall be subject to the same restrictions as
then in effect for the restricted stock. 

        At
such time as a participant ceases to be a director, officer, or employee of, or to otherwise perform services for, the Company and its Subsidiaries due to death, Disability or
Retirement during any period of restriction, all restrictions on Shares of restricted stock granted to such participant shall lapse. At such time as a participant ceases to be, or in the event a
participant does not become, a director, officer or employee of, or otherwise performing services for, the Company or its Subsidiaries for any other reason, all Shares of restricted stock granted to
such participant on which the restrictions have not lapsed shall be immediately forfeited to the Company. 

8.     Dividend Equivalents.  

        The Committee is authorized to grant dividend equivalents to a participant entitling the participant to receive cash, Shares, other awards, or other property
equal in value to dividends paid with respect to a specified number
of shares of Common Stock of the Company, or other periodic payments. Dividend equivalents may be awarded on a free-standing basis or in connection with another award. The Committee may
provide that dividend equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional shares of Common Stock of the Company, awards, or other investment
vehicles, and subject to such restrictions on transferability and risks of forfeiture, as the Committee may specify. 

9.     Other Stock-Based Awards.  

        The Committee is authorized, subject to limitations under applicable law, to grant to participants such other awards that may be denominated or payable in, valued
in whole or in part by reference to, or otherwise based on, or related to, shares of Common Stock of the Company, as deemed by the Committee to be consistent with the purposes of the Plan, including,
without limitation, convertible or exchangeable debt securities, other rights convertible or exchangeable into Shares, purchase rights for Shares, awards with value and payment contingent upon
performance of the Company or any other factors designated by the Committee, and awards valued by reference to the book value of Shares or the value of securities of or the performance of specified
Subsidiaries. The Committee shall determine the terms and conditions of such awards. Shares delivered pursuant to an award in the nature of a purchase right granted under this Section 9 shall
be purchased for such consideration (including without limitation loans from the Company or a Subsidiary to the extent permissible under the Sarbanes-Oxley Act of 2002 and other applicable law), paid
for at such times, by such methods, and in such forms, including, without limitation, cash, Shares, other awards or other property, as the Committee shall determine. Cash awards, as an element of or
supplement to any other award under the Plan, may also be granted pursuant to this Section 9. 

7

 

10.   Performance Awards.  

        The Committee is authorized to make Performance Awards payable in cash, Shares, or other awards, on terms and conditions established by the Committee, subject to
the provisions of this Section 10. 

        The
performance goals for such Performance Awards shall consist of one or more business criteria and a targeted level or levels of performance with respect to each of such criteria, or
such other personal or business goals and objectives, as the Committee shall determine. The Committee may determine that such Performance Awards shall be granted, exercised and/or settled upon
achievement of any one performance goal or that two or more of the performance goals must be achieved as a condition to grant, exercise and/or settlement of such Performance Awards. Performance goals
may differ for Performance Awards granted to any one participant or to different participants. 

        The
period over which performance is to be measured shall commence on the date specified by the Committee and shall end on the last day of a fiscal year specified by the Committee. A
Performance Award shall be paid no later than the 15th day of the third month following the completion of a performance period. During the performance period, the Committee shall have the authority to
adjust the performance goals and objectives for such performance period for such reasons as it deems equitable. 

        The
Committee may establish a Performance Award pool, which shall be an unfunded pool, for purposes of measuring Company performance in connection with Performance Awards. The amount of
such Performance Award pool shall be based upon the achievement of a performance goal or goals during the given performance period, as specified by the Committee. The Committee may specify the amount
of the Performance Award pool as a percentage of any of such business criteria, a percentage thereof in excess of a threshold amount, or as another amount which need not bear a strictly mathematical
relationship to such business criteria. 

        Settlement
of Performance Awards shall be in cash, Shares, other awards or other property, in the discretion of the Committee. The Committee may, in its discretion, reduce the amount of
a settlement otherwise to be made in connection with such Performance Awards. The Committee shall specify the circumstances in which such Performance Awards shall be paid or forfeited in the event of
termination of the participant's employment or service prior to the end of a performance period or settlement of Performance Awards. 

11.   Withholding Taxes.  

        (a)    Participant Election.    Unless otherwise determined by the Committee, a participant may elect to deliver
shares of Common Stock (or have the Company withhold shares acquired upon exercise of an option or deliverable upon grant or vesting of restricted stock, as the case may be) to satisfy, in whole or in
part, the amount the Company is required to withhold for taxes in connection with the exercise of an option or the delivery of restricted stock upon grant or vesting, as the case may be. Such election
must be made on or before the date the amount of tax to be withheld is determined. Once made, the election shall be irrevocable. The fair market value of the shares to be withheld or delivered will be
the Fair Market Value as of the date the amount of tax to be withheld is determined. In the event a participant elects to deliver or have the Company withhold shares of Common Stock pursuant to this
Section 11(a), such delivery or withholding must be made subject to the conditions and pursuant to the procedures set forth in Section 6(b) with respect to the delivery or withholding of
Common Stock in payment of the exercise price of options. 

        (b)    Company Requirement.    The Company may require, as a condition to any grant or exercise under the Plan or to
the delivery of certificates for Shares issued hereunder, that the grantee make provision for the payment to the Company, either pursuant to Section 11(a) or this Section 11(b), of
federal, state or local taxes of any kind required by law to be withheld with respect to any grant or delivery of Shares. The Company, to the extent permitted or required by law, shall have the right
to deduct from any payment of any kind (including salary or bonus) otherwise due to a grantee, an amount equal to any federal, state or local taxes of any kind required by law to be withheld with
respect to any grant or delivery of Shares under the Plan. 

12.   Written Agreement; Vesting.  

        Each employee to whom a grant is made under the Plan shall enter into a written agreement with the Company that shall contain such provisions, including without
limitation vesting requirements, consistent with the provisions of the Plan, as may be approved by the Committee. Unless the Committee determines otherwise and except as otherwise provided in
Sections 6 and 7 in connection with certain occurrences of termination, no grant 

8

 

under
this Plan may be exercised, and no restrictions relating thereto may lapse, within six months of the date such grant is made. 

13.   Transferability.  

        Unless the Committee determines otherwise, no option, performance award or restricted stock granted under the Plan shall be transferable by a participant other
than by will or the laws of descent and distribution or to a participant's Family Member by gift or a qualified domestic relations order as defined by the Code. Unless the Committee determines
otherwise, an option or performance award may be exercised only by the optionee or grantee thereof; by his or her Family Member if such person has acquired the option or performance award by gift or
qualified domestic relations order; by the executor or administrator of the estate of any of the foregoing or any person to whom the Option is transferred by will or the laws of descent and
distribution; or by the guardian or legal representative of any of the foregoing; provided that Incentive Stock Options may be exercised by any Family Member, guardian or legal representative only if
permitted by the Code and any regulations thereunder. All provisions of this Plan shall in any event continue to apply to any option, performance award or restricted stock granted under the Plan and
transferred as permitted by this Section 13, and any transferee of any such option, performance award or restricted stock shall be bound by all provisions of this Plan as and to the same extent
as the applicable original grantee. 

14.   Listing, Registration and Qualification.  

        If the Committee determines that the listing, registration or qualification upon any securities exchange or under any law of Shares subject to any option,
performance award or restricted stock grant is necessary or desirable as a condition of, or in connection with, the granting of same or the issue or purchase of Shares thereunder, no such option may
be exercised in whole or in part, no such performance award may be paid out, and no Shares may be issued, unless such listing, registration or qualification is effected free of any conditions not
acceptable to the Committee. 

15.   Transfers Between Company and Subsidiaries.  

        The transfer of an employee, consultant or independent contractor from the Company to a Subsidiary, from a Subsidiary to the Company, or from one Subsidiary to
another shall not be considered a termination of employment or services; nor shall it be considered a termination of employment if an employee is placed on military or sick leave or such other leave
of absence which is considered by the Committee as continuing intact the employment relationship. 

16.   Adjustments.  

        In the event of a reorganization, recapitalization, stock split, stock dividend, combination of shares, merger, consolidation, distribution of assets, or any
other change in the corporate structure or shares of the Company, the Committee shall make such adjustment as it deems appropriate in the number and kind of Shares or other property available for
issuance under the Plan (including, without limitation, the total number of Shares available for issuance under the Plan pursuant to Section 4), in the number and kind of options, Shares or
other property covered by grants previously made under the Plan, and in the exercise price of outstanding options, but only if such adjustment is not to be treated as providing for the deferral of
compensation pursuant to Section 409A of the Code (or under Notice 2005-1, as amended or supplemented from time to time, or Treasury Regulations or other IRS guidance issued under
409A). Any such adjustment shall be final, conclusive and binding for all purposes of the Plan. In the event of any merger, consolidation or other reorganization in which the Company is not the
surviving or continuing corporation or in which a Change in Control is to occur, all of the Company's obligations regarding options, performance awards, and restricted stock that were granted
hereunder and that are outstanding on the date of such event shall, on such terms as may be approved by the Committee prior to such event, be assumed by the surviving or continuing corporation or
canceled in exchange for property (including cash). 

17.   Amendment and Termination of the Plan.  

        The Board of Directors or the Committee, without approval of the stockholders, may amend or terminate the Plan, except that no amendment shall become effective
without prior approval of the stockholders of the Company if stockholder approval would be required by applicable law or regulations, including if required for continued 

9

 

compliance
with the performance-based compensation exception of Section 162(m) of the Code or any successor thereto, under the provisions of Section 422 of the Code or any successor
thereto, or by any listing requirement of the principal stock exchange on which the Common Stock is then listed. 

18.   Amendment or Substitution of Awards under the Plan.  

        The terms of any outstanding award under the Plan may be amended from time to time by the Committee in its discretion in any manner that it deems appropriate,
including, but not limited to, any reduction in the exercise price of any options awarded under the Plan or any acceleration of the date of exercise of any award and/or payments thereunder or of the
date of lapse of restrictions on Shares (but only to the extent permitted by regulations issued under Section 409A(a)(3) of the Code); provided that, except as otherwise provided in
Section 13, no such amendment shall adversely affect in a material manner any right of a participant under the award without his or her written consent. The Committee may, in its discretion,
permit holders of awards under the Plan to surrender outstanding awards in order to exercise or realize rights under other awards, or in exchange for the grant of new awards, or require holders of
awards to surrender outstanding awards as a condition precedent to the grant of new awards under the Plan, but only if such surrender, exercise, realization, exchange, or grant (a) would not
constitute a distribution of deferred compensation for purposes of Section 409A(a)(3) of the
Code or (b) constitutes a distribution of deferred compensation that is permitted under regulations issued pursuant to Section 409A(a)(3) of the Code. 

19.   Commencement Date; Termination Date.  

        The date of commencement of the Plan shall be the date of the closing of the Company's initial public offering of its Common Stock. If required by the Code, the
Plan will also be subject to reapproval by the shareholders of the Company prior to the fifth anniversary of such commencement date. 

        Unless
previously terminated upon the adoption of a resolution of the Board terminating the Plan, the Plan shall terminate at the close of business on the tenth anniversary of the date
of commencement. No termination of the Plan shall materially and adversely affect any of the rights or obligations of any person, without his or her written consent, under any grant of options or
other incentives theretofore granted under the Plan. 

20.   Severability.  

        Whenever possible, each provision of the Plan shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of the
Plan is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of the
Plan. 

21.   Governing Law.  

        The Plan shall be governed by the corporate laws of the State of Delaware, without giving effect to any choice of law provisions that might otherwise refer
construction or interpretation of the Plan to the substantive law of another jurisdiction. 

*    *    *

10

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