Document:

STOCK
PURCHASE AGREEMENT

 

This
Stock Purchase Agreement (the “Agreement”) is entered into as of February 28, 2019, with an effective date
of March 1, 2019 (the “Effective Date”), by and among Liberated Solutions, Inc. (f/k/a The Go Eco Group, f/k/a
Liberated Energy, Inc.), a Nevada corporation (“Liberated”), CigaWatt, Inc., a Missouri corporation (“CigaWatt”),
and each of the shareholders of CigaWatt identified on the signature pages hereto. Such shareholders own 100% of the capital stock
in CigaWatt and are sometimes referred to herein as the “Shareholders”. The parties shall be collectively referred
to herein as the “Parties” and individually, a “Party.” In consideration of the mutual promises
contained herein, intending to be legally bound, the Shareholders, Liberated and Company hereby agree as follows:

 

WHEREAS,
immediately prior to the execution of this Agreement, the Shareholders own100% of the issued and outstanding shares of CigaWatt
(“Purchased Shares”).

 

WHEREAS,
the Shareholders desire to sell to Liberated all of the Purchased Shares and Liberated desires to purchase the Purchased Shares
from the Shareholders in accordance with the terms and conditions set forth herein.

 

NOW,
THEREFORE, in consideration of the foregoing and the covenants set forth herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Shareholders and Liberated hereby agree as follows:

 

1.
Purchase and Sale of Shares. Subject to the terms and conditions hereof, at the Closing (defined below) the Shareholders
hereby sell to Liberated and Liberated hereby purchases from the Shareholders the Purchased Shares.

 

2.
Purchase Price. The purchase price for the purchase of the Purchased Shares shall be USD $200,000.00 (the “Purchase
Price”), which shall be paid in installments in the form of cash, check, wire or other immediately available funds.
the Shareholders acknowledges that the Purchase Price, when paid in full, (i) constitutes full and adequate consideration for
the Purchased Shares and (ii) is a valid, legal and acceptable transfer, and that, upon payment of the full Purchase Price, the
Purchased Shares, when issued in accordance with the terms herein, will be fully-paid and nonassessable.

 

3.
Closing: Provided the conditions set forth in Section 4 have been met, the closing (“Closing”) of the transactions
described in this Agreement will occur on or before May 15, 2019 or such other date as the Parties agree. The Closing shall take
place at such date and time as Liberated has delivered the Purchase Price to the Shareholders and the Shareholders have delivered
a certificate or certificates evidencing the Purchased Shares.

 

4.
Conditions: Liberated’s obligation to purchase the Purchased Shares at a Closing is subject to the fulfillment
on or before such Closing of each of the following conditions, unless waived by the applicable Liberated purchasing the Purchased
Shares in such Closing:

 

(a)
Representations and Warranties. The representations and warranties made by the the Shareholders in Section 5 (as
modified by the disclosures on the Schedule of Exceptions) shall be true and correct as of the date of the Closing.

 

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(b)
Covenants. All covenants, agreements and conditions contained in this Agreement to be performed by CigaWatt on or prior
to the Closing shall have been performed or complied with in all material respects.

 

(c)
Qualifications. All authorizations, approvals or permits, if any, of any governmental authority or regulatory body of the
United States or of any state that are required in connection with the lawful issuance and sale of the Purchased Shares pursuant
to this Agreement (and except for such as may be properly filed subsequent to the Closing) shall be obtained and effective as
of the Closing.

 

(d)
Articles. The Articles shall have been duly authorized, executed and filed with and accepted by the Secretary of State
of the State of Missouri and shall continue to be in full force and effect.

 

(e)
Audit. CigaWatt shall have completed an audit of its financial statements so that Liberated can file the combined financial
statements with the Securities and Exchange Commission. Once the audit has been completed, Brian Conway agrees to sell and transfer
his Series A preferred stock of Liberated to Janelle Squire.

 

(f)
Preemptive Rights. CigaWatt shall have fully satisfied (including with respect to rights of timely notification) or obtained
enforceable waivers in respect of any preemptive or similar rights directly or indirectly affecting any of its securities.

 

5.
Representations and Warranties. As set forth below, the Shareholders and Liberated hereby represent and warrant to
the other party on the date of this Agreement and the Closing as follows:

 

(a)
Ownership. The Shareholders are the sole owner of the Purchased Shares and the true party in interest to such shares and
no other person or entity has any beneficial ownership, whether direct or indirect, in their respective portion of the Purchased
Shares being sold pursuant to this Agreement. Upon the Closing, Liberated will acquire good and valid title to the Purchased Shares;
provided, however, that the Purchased Shares will remain subject to restrictions on transfer under U.S. state and federal securities.

 

(b)
Authorization. All action on the part of such party necessary for the execution of this Agreement, sale and delivery of
the Purchased Shares and the performance of such party’s obligations hereunder has been taken or will be taken prior to
the Closing, including obtaining all necessary consents.

 

(c)
Enforceability. This Agreement constitutes the valid and binding obligation of such party, enforceable in accordance with
its terms, except as limited by (i) laws of general application relating to bankruptcy, insolvency and the relief of debtors,
(ii) by rules of law governing specific performance, injunctive relief or other equitable remedies and by general principles of
equity.

 

(d)
No Violation. The execution and delivery of this Agreement by such party does not and the compliance with its terms and
conditions by such party will not result in any material violation of, or materially conflict with, or constitute a material default
under (i) any material agreement, (ii) any judgment or order of any court or governmental department, commission, board, agency
or instrumentality, domestic or foreign, or (iii) any applicable law, rule or regulation.

 

(e)
Restricted Securities. Liberated understands that the Purchased Shares, have not been, and will not be, registered under
the Securities Act, and must be held indefinitely unless subsequently registered under the Securities Act or an exemption from
such registration is available.

 

(f)
Investment Intent. Liberated is acquiring the Purchased Shares for investment for its own account, not as a nominee or
agent, and not with the view to, or for resale in connection with, any distribution thereof, and Liberated has no present intention
of selling, granting any participation in, or otherwise distributing the same. Liberated does not have any undertaking, agreement
or arrangement with any person or entity to sell, transfer or grant participation to such person or entity or to any third person
or entity with respect to any of the Purchased Shares.

 

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(g)
Investment Experience. Liberated has substantial experience in evaluating and investing in private transactions of securities
in companies similar to CigaWatt, as applicable, and acknowledges that Liberated can protect its own interests. Liberated has
such knowledge and experience in financial and business matters and is capable of evaluating the merits and risks of its investment
in CigaWatt.

 

(h)
Speculative Nature of Investment. Liberated understands and acknowledges that an investment in CigaWatt is highly speculative
and involves substantial risks. Liberated can bear the economic risk of such party’s investment and is able, without impairing
Liberated’s financial condition, to hold the Liberated Interests for an indefinite period of time and to suffer a complete
loss of Liberated’s investment.

 

(i)
Access to Data. Liberated has had an opportunity to ask questions of, and receive answers from the officers of CigaWatt
concerning the business, management and financial affairs of CigaWatt, and has received all the information such party deems necessary
or appropriate for deciding whether to purchase the Purchased Shares. Liberated is relying solely on its own counsel and advisors,
if any, and not on any statements or representations of CigaWatt, the the Shareholders or their respective agents for legal, tax
or other advice with respect to this investment.

 

(j)
Taxes. Each party has reviewed with such party’s tax advisors the tax consequences of the sale and purchase of the
Purchased Shares. Each party is relying solely on their respective such advisors and not on any statements or representations
of the Shareholders, CigaWatt or their respective agents. Each party understands that such shall be solely responsible for any
tax liability that may arise for such party as a result of consummation of the sale and purchase of the Purchased Shares as contemplated
by this Agreement.

 

(k)
Preferred Shares Transfer.

 

6.
CigaWatt’s Representations and Warranties.

 

(a)
CigaWatt has been duly incorporated and is existing and in good standing under the laws of the State of Nevada, with corporate
power and authority to own its properties and conduct the businesses in which it is currently engaged and CigaWatt is duly qualified
to do business as a foreign corporation in good standing in all other jurisdictions in which its ownership or lease of property
or the conduct of its business requires such qualification, except where the failure to be duly qualified or in good standing
would not, individually or in the aggregate, reasonably be expected to have a materially adverse effect on CigaWatt or its business
(“Material Adverse Effect”).

 

(b)
The execution, delivery and performance of this Agreement and the issuance and sale of the Purchased Shares will not result in
a breach or violation of any of the terms and provisions of, or constitute, or with the giving of notice or lapse of time, would
constitute, a default under, or result in the imposition of any lien, charge or encumbrance upon any property or assets of CigaWatt
or any of its Subsidiaries pursuant to, (i) their respective certificate of formation, limited liability company agreement, limited
partnership agreement, charter, or by-laws or similar organizational documents of CigaWatt or any of its Subsidiaries, (ii) any
statute, rule, regulation or order of any governmental agency or body or any court, domestic or foreign, having jurisdiction over
CigaWatt or any of its Subsidiaries or any of their properties, or (iii) any agreement or instrument to which CigaWatt or any
of its Subsidiaries is a party or by which CigaWatt or any of its Subsidiaries is bound or to which any of the properties of CigaWatt
or any of its Subsidiaries is subject, except in the case of clauses (ii) and (iii) as would not reasonably be expected to have
a Material Adverse Effect.

 

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(c)
The Purchased Shares have been duly authorized and, when the Purchased Shares have been delivered and paid for in accordance with
this Agreement on the Closing Date, such Purchased Shares will be validly issued, fully paid and nonassessable; the stockholders
of CigaWatt have no preemptive rights with respect to the Purchased Shares; and none of the outstanding shares of capital stock
of CigaWatt have been issued in violation of any preemptive or similar rights of any security holder. Except as described there
are no outstanding (i) securities or obligations of CigaWatt convertible into or exchangeable for any capital stock of CigaWatt,
(ii) warrants, rights or options to subscribe for or purchase from CigaWatt any such capital stock or any such convertible or
exchangeable securities or obligations or (iii) obligations of CigaWatt to issue or sell any shares of capital stock, any such
convertible or exchangeable securities or obligations or any such warrants, rights or options.

 

(d)
No consent, approval, authorization, or order of, or filing or registration with, any person (including any governmental agency
or body or any court) is required to be obtained or made by CigaWatt for the consummation of the transactions contemplated by
this Agreement, except (i) such as have been obtained, (ii) where the failure of CigaWatt to obtain or make any such consent,
approval, authorization, order, filing or registration would not reasonably be expected to have a Material Adverse Effect, or
(iii) such as have been made or as may be required under state or foreign securities or “Blue Sky” laws.

 

(e)
Neither CigaWatt nor any of its Subsidiaries is in violation of any law applicable to CigaWatt or its Subsidiaries, except as
would not, individually or in the aggregate, have a Material Adverse Effect. CigaWatt and its Subsidiaries possess all certificates,
authorizations and permits issued by the appropriate regulatory authorities necessary to conduct their respective businesses,
except where the failure to possess such certificates, authorizations or permits would not, individually or in the aggregate,
have a Material Adverse Effect, and neither CigaWatt nor any such Subsidiary has received any notice of proceedings relating to
the revocation or modification of any such certificate, authorization or permit, except where such potential revocation or modification
would not, individually or in the aggregate, have a Material Adverse Effect.

 

7.
Company Consent. Upon execution of this Agreement, CigaWatt hereby consent to the transfer of the Purchased Shares.

 

8.
Miscellaneous.

 

(a)
Further Assurances. Each party hereto shall cooperate and take such actions as may be reasonably requested by the other
party or its legal counsel in order to carry out the provisions and purposes of this Agreement.

 

(b)
Governing Law. This Agreement is governed by the internal substantive laws of the state of Nevada, without regard to conflict
of laws principles.

 

(c)
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument.

 

(d)
Attorney’s Fees. If any action at law or in equity is necessary to enforce or interpret the terms of this Agreement,
the prevailing party shall be entitled to reasonable attorney’s fees and costs in addition to any other relief to which
such party may be entitled.

 

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(e)
Successors and Assigns. This Agreement may be assigned by either party only with the written consent of the other parties
hereto. Except as otherwise provided in this Agreement, the terms and conditions of this Agreement shall be binding on and inure
to the benefit of the respective successors and permitted assigns of the parties.

 

(f)
Survival of Representations and Warranties. The representations and warranties of the parties contained in or made pursuant
to this Agreement shall survive the execution and delivery of this Agreement and Closing.

 

(g)
Amendment and Waiver. No provision of this Agreement may be amended, modified or waived except by a written instrument
signed by the parties to this Agreement. Unless provided otherwise in a waiver, no such waiver shall constitute an ongoing or
future waiver of other provision of this Agreement.

 

(h)
Severability. If any provision of this Agreement is held to be unenforceable, such provision shall be excluded from this
Agreement and the balance of this Agreement shall be interpreted as if such provision were so excluded and shall be enforceable
in accordance with its terms.

 

(i)
Third Party Beneficiary. CigaWatt is the only intended third-party beneficiary of the representations, warrants and covenants
contained in this Agreement and shall have the unlimited right to enforce the terms hereof.

 

(j)
Notices. All notices and other communications under this Agreement shall be in writing and shall be deemed to have been
duly given when (i) delivered by hand, (ii) sent by facsimile (with written confirmation of receipt) or electronic mail (with
evidence of transmission), or (iii) the earlier of 48 hours or receipt after mailing if mailed by United States first-class, certified
or registered mail, postage prepaid, return receipt requested, to the other party, in each case, to the principal addresses or
facsimile number of such party (or to such other addresses and facsimile numbers as a party may designate).

 

(k)
Entire Agreement. This Agreement constitutes the entire agreement and understanding between the parties hereto with respect
to the subject matter hereof and supersedes any and all prior or contemporaneous oral or written agreements or understandings
with respect thereto.

 

(Signature
Page Follows)

 

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IN
WITNESS WHEREOF, the parties hereto have executed this Stock Purchase Agreement as of the date first set forth above.

 

	 	LIBERATED
    SOLUTIONS, INC.:
	 	 	 
	 	By:	/s/
    Brian Conway
	 	Name:	Brian
    Conway
	 	Its:	CEO
    
	 	 	 
	 	THE
    SHAREHOLDERS:
	 	 	 
	 	By:	/s/
    Janelle Squire
	 	Name:	Janelle
    Squire
	 	Title:	owner
	 	 	 
	 	CIGAWATT,
    INC.:
	 	 	 
	 	By:	/s/
    Janelle Squire
	 	Name:	Janelle
    Squire
	 	Title:	ownerExhibit 4.21

 

Inter
Parfums, Inc.

2004
Nonemployee Director

Stock
Option Plan (As Amended)

 

**********

 

1. Purpose of the
Plan. The purpose of this 2004 Nonemployee Director Stock Option Plan (the “Plan”) of Inter Parfums, Inc., a Delaware
corporation (the “Corporation”), is to make available shares of the Common Stock, par value $.001 per share, of the
Corporation (the “Common Stock”) for purchase by directors of the Corporation who are not employees of the Corporation,
or any parent or subsidiary thereof (“Nonemployee Directors”). Thus, the Plan permits the Corporation to attract
and retain the services of experienced and knowledgeable Nonemployee Directors for the benefit of the Corporation and its shareholders
and to provide additional incentive for such Nonemployee Directors to continue to work for the best interests of the Corporation
and its shareholders through continuing ownership of its Common Stock.

 

2. Stock Subject
to the Plan. Subject to the provisions of Section 10, the total number of shares of Common Stock which may be subject to options
under the Plan shall not exceed 50,0001, whether authorized but unissued shares, or shares which shall have been purchased
or acquired by the Corporation for this or any other purpose. Such shares are from time to time to be allotted for option and
sale to Nonemployee Directors in accordance with the Plan. In the event any option granted under the Plan shall expire or terminate
for any reason without having been exercised in full or shall cease for any reason to be exercisable in whole or in part, the
shares not so purchased thereby shall again be available for the purposes of the Plan.

 

3. Administration
of the Plan. The Plan shall be self-executing. However, to the extent permitted herein, the Plan shall be administered by either
the Board of Directors of the Corporation (the "Board") or a committee of two (2) or more Nonemployee Directors (the
"Committee") of the Board appointed by the Board. The Board or the Committee shall, subject to the express provisions
of the Plan, have the power to interpret the Plan; correct any defect, supply any omission or reconcile any inconsistency in the
Plan; prescribe, amend and rescind rules and regulations relating to the Plan; and make all other determinations necessary or advisable
for the administration of the Plan. The determination of the Board or the Committee on the matters referred to in this Section
3 shall be conclusive.

 

4. Eligibility;
Grants.

 

(a) Nonemployee Directors
shall not include directors who are also employees of the Corporation or any parent or subsidiary thereof, but shall include directors
of the Corporation who are providing services such as business, financial, legal or investment banking services, to, for, or on
behalf of the Corporation or any parent or subsidiary thereof, in return for remuneration, directly or indirectly through one or
more entities. All grants under this Plan shall be in lieu of any other option grants that a Nonemployee Director may have been
entitled to under any other plan of the Company.

 

 

1
The number of shares was adjusted to 75,000 shares in order to take into account our 3:2 forward stock split in the
nature of a 50% stock dividend to shareholders of record on May 15, 2008. 

 

    	 

    	 

    

 

(b) Each individual
who becomes a Nonemployee Director, shall on the date of his initial election or appointment to the Board be granted an option
to purchase 2,000 shares of Common Stock.

 

(c) Each Nonemployee
Director shall be granted an option to purchase 1,000 shares of Common Stock commencing on the next February 1st, and each succeeding
February 1st throughout the term of this Plan for so long as he is a Nonemployee Director. Notwithstanding the foregoing, no option
shall be granted on such February 1st grant date to any Nonemployee Director who first becomes a Nonemployee Director within six
(6) months prior to such February 1st grant date. Commencing with the
grant to non-employee directors on February 1, 2006 and continuing each year thereafter, if a Nonemployee Director did
not attend one of the two in-person board meetings that are usually held the prior June and December, then the option to be granted
on the following February 1, under this Plan would be reduced by 50%; and if such Nonemployee Director did
not attend both of such meetings, then such Nonemployee Director
would not receive any option grant on the following February 1.

 

(d) If a sufficient
number of shares of Common Stock reserved for issuance upon proper exercise of options to be granted to Nonemployee Directors on
the February 1st grant date does not exist, then the aggregate remaining number of shares shall be prorated equally among options
to be granted to all Nonemployee Directors at such February 1st grant date, and options shall be granted to purchase such reduced
number of shares. Notwithstanding the foregoing, if a sufficient number of shares of Common Stock reserved for issuance upon proper
exercise of options to be granted to Nonemployee Directors on the February 1st grant date does not exist, then options shall be
granted under any pre-existing Nonemployee Director plan in order to satisfy such deficiency, if, and to the extent available.

 

(e) It is the express
intent that options to be granted under this Plan shall be in lieu of further option grants under any of the Company’ existing
Nonemployee Director plans, such as the 1997 Nonemployee Director Stock Option Plan, and the 2000 Nonemployee Director Stock Option
Plan, except to the extent to satisfy any deficiency as set forth in Section 4(d) above.

 

(f) On or after June
19, 2006, all options that may be granted from time to time under the Plan shall vest and become exercisable to purchase shares
of Common Stock as follows: 25% one year after the date of grant, and then 25% on each of the second, third and fourth consecutive
years from the date of grant on a cumulative basis, so that each option shall become fully vested and exercisable on the fourth
year from the date of grant.

 

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5. Option Price;
Fair Market Value.

 

(a) The price at which
shares of the Common Stock may be purchased pursuant to options granted under the Plan shall be equal to one hundred percent (100%)
of the fair market value of the Common Stock on the date an option is granted.

 

(b) The fair market
value of the Common stock on any day shall be (a) if the principal market for the Common Stock is a national securities exchange,
the average between the high and low sales prices of the Common Stock on such day as reported by such exchange or on a consolidated
tape reflecting transactions on such exchange; (b) if the principal market for the Common Stock is not a national securities exchange
and the Common Stock is quoted on The Nasdaq Stock Market ("NASDAQ") or The Over The Counter Bulletin Board (the "Bulletin
Board"), and (i) if actual sales price information is available with respect to the Common Stock, then the average between
the high and low sales prices of the Common Stock on such day on NASDAQ or the Bulletin Board, or (ii) if such information is not
available, then the average between the highest bid and lowest asked prices for the Common Stock on such day on NASDAQ or the Bulletin
Board; or (c) if the principal market for the Common Stock is not a national securities exchange and the Common Stock is not quoted
on NASDAQ or the Bulletin Board, then the average between the highest bid and lowest asked prices for the Common Stock on such
day as reported by National Quotation Bureau, Incorporated or a comparable service; provided, that if clauses (a), (b) and (c)
of this paragraph are all inapplicable, or if no trades have been made or no quotes are available for such day, then the fair market
value of the Common Stock shall be determined by the Committee by any method consistent with applicable regulations adopted by
the Treasury Department relating to stock options. The determination of the Board or the Committee shall be conclusive in determining
the fair market value of the stock.

 

6. Term of Each
Option. The term of each option shall be five (5) years or such shorter period as is prescribed in Section 9 hereof.

 

7. Exercise of Options.

 

(a) Subject to the
provisions of Sections 9 and 14, options granted hereunder shall be exercisable immediately; provided, that options shall
not be exercisable at any time in an amount less than 100 shares (or the remaining shares then covered by and purchasable under
the option if less than 100 shares), or for a fraction of a share.

 

(b) The purchase price
of the shares as to which an option shall be exercised shall be paid in full at the time of exercise in cash, by certified check
or wire transfer of funds through the Federal Reserve System.

 

8. Non-Transferability
of Options. No option granted under the Plan shall be transferable otherwise than by will or by the laws of descent and distribution,
or pursuant to a qualified domestic relations order as defined by the Internal Revenue Code, Title I of the Employee Retirement
Income Security Act and the rules thereunder, and an option may be exercised, during the lifetime of the holder thereof, only by
him.

 

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9. Termination of
Services on the Board of Directors.

 

(a) If a Nonemployee
Director to whom an option has been granted under the Plan shall cease to serve on the Board, otherwise than by reason of death
or disability (as that term is defined in paragraph (d) of this Section 9), then such option may be exercised (to the extent that
the Nonemployee Director was entitled to do so at the time of cessation of service) at any time within three (3) months after such
cessation of service but not thereafter, and in no event after the date on which, except for such cessation of service, the option
would otherwise expire.

 

(b) If a Nonemployee
Director to whom an option has been granted under the Plan shall cease to serve on the Board by reason of disability, then the
remaining unexercised portion of the option may be exercised in whole or in part by the Nonemployee Director (notwithstanding that
the option had not yet become exercisable with respect to all or part of such shares at the date of disability) at any time within
one (1) year after such disability but not thereafter, and in no event after the date on which, except for such disability, the
option would otherwise expire.

 

(c) If a Nonemployee
Director to whom an option has been granted under the Plan shall die (i) while he is serving on the Board, or (ii) within three
(3) months after cessation of service on the Board, then such option may be exercised by the legatee or legatees of such option
under the Nonemployee Director's last will, or by his personal representatives or distributee, at any time within one (1) year
after his death, but in no event after the date on which, except for such death, the option would otherwise expire.

 

(d) For the purpose
of this Section 9, "disability" shall mean permanent mental or physical disability as determined by the Committee.

 

10. Adjustment of
and Changes in Common Stock. 

 

(a) If the outstanding
shares of the Common Stock are increased, decreased, changed into, or exchanged for a different number or kind of shares or securities
of the Corporation through reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split
or the like, an appropriate and proportionate adjustment shall be made in the (i) aggregate number and kind of securities available
under the Plan, and (ii) number and kind of securities issuable upon the exercise of all outstanding options granted under the
Plan, without change in the total price applicable to the unexercised portion of such options, but with a corresponding adjustment
in the price for each unit of any security covered by such options.

 

(b) Upon the dissolution
or liquidation of the Corporation, or upon a reorganization, merger or consolidation of the Corporation with one or more corporations
as a result of which the Corporation is not the surviving corporation, or upon the sale of substantially all of the assets of the
Corporation, the Committee shall provide in writing in connection with such transaction for one or more of the following alternatives,
separately or in combination: (i) the assumption by the successor entity of the options theretofore granted or the substitution
by such entity for such options of new options covering the stock of the successor entity, or a parent or subsidiary thereof, with
appropriate adjustments as to the number and kind of shares and prices; or (ii) the continuance of such option agreements by such
successor entity in which such options shall remain in full force and effect under the terms so provided.

 

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(c) Any adjustments
under this Section 10 shall be made by the Committee, whose good faith determination as to what adjustments shall be made, and
the extent thereof, shall be final, binding and conclusive.

 

11. Compliance with
Securities Laws. As a condition to the exercise of any option, either (a) a Registration Statement under the Securities Act
of 1933, as amended, or any succeeding act (collectively, the "Act"), with respect to its underlying shares shall be
effective at the time of exercise of the option or (b) in the opinion of counsel to the Corporation, there shall be an exemption
from registration under the Act for the issuance of shares of Common Stock upon such exercise. Nothing herein shall be construed
as requiring the Corporation to register shares subject to the Plan or any option under the Act. Each opinion shall be subject
to the further requirement that if, in the opinion of counsel to the Corporation, the listing or qualification of the shares of
Common Stocks subject to such option on any securities exchange, National Securities Association or under any applicable law, or
the consent or approval of any governmental regulatory body, is necessary or desirable as a condition of, or in connection with,
the exercise of such option or the issue of shares thereunder, such option may not be exercised in whole or in part unless such
listing, qualification, consent or approval shall have been effected or obtained free of any conditions requiring the Corporation
to qualify as a foreign corporation or to execute a general consent to service of process in any jurisdiction wherein it has not
already done so and free of any other conditions not customarily imposed by a securities exchange, law or governmental regulatory
body in connection with such listing, qualification, consent or approval.

 

12. Amendment and
Termination. The Committee may amend, suspend or terminate the Plan or any portion thereof at any time but may not, without
the approval of the Corporation's shareholders within twelve (12) months before or after the date of adoption of any such amendment
or amendments, make any alteration or amendment thereof which (a) makes any change in the class of eligible participants as determined
in accordance with Section 4 hereof; (b) increases the total number of shares of Common Stock for which options may be granted
under the Plan except as provided in Section 10 hereof; (c) extends the term of the Plan or the maximum option period provided
under the Plan; (d) decreases the option price provided in Section 5 hereof; or (e) materially increases the benefits accruing
to participants under the Plan. Notwithstanding anything to the contrary contained herein, the Plan shall not be amended more than
once every six (6) months, other than to comport with changes in the Internal Revenue Code, Employee Retirement Income Security
Act or the rules thereunder.

 

13. Duties of the
Corporation. The Corporation shall, at all times during the term of each option, reserve and keep available for issuance or
delivery such number of shares of Common Stock as will be sufficient to satisfy the requirements of all options at the time outstanding,
shall pay all original issue taxes with respect to the issuance or delivery of shares pursuant to the exercise of such options
and all other fees and expenses necessarily incurred by the Corporation in connection therewith.

 

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14. Term; Effective
Period. 

 

(a) The Plan shall
become effective on 26 March 2004, the date of its adoption by the Board of Directors, subject to the receipt of the affirmative
vote of the majority of the shares of Common Stock present in person or by proxy at the next annual meeting and entitled to vote,
or the written consent of the holders of a majority of shares that would have been entitled to vote thereon, and no options granted
hereunder may be exercised prior to such approval, provided that, the date of grant of any options granted hereunder shall
be determined as if the Plan had not been subject to such approval.

 

(b) No options may
be granted under the Plan after March 31, 2024. Options outstanding on or prior to such date shall, however, in all respects continue
subject to the Plan.

 

    	6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00292-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00292-of-00352.parquet"}]]