Document:

CERTIFICATE
OF DESIGNATIONS, PREFERENCES AND RIGHTS OF THE

SERIES
A CONVERTIBLE PREFERRED STOCK OF

BBOOTH,
INC.

 

I,
Rory J. Cutaia, hereby certify that I am the Chief Executive Officer of bBooth, Inc. (the “Company”), a corporation
organized and existing under the Nevada Revised Statutes (the “NRS”), and further do hereby certify:

 

That,
pursuant to the authority expressly conferred upon the Board of Directors of the Company (the “Board”) by the
Company’s Articles of Incorporation, as amended (the “Articles of Incorporation”), the Board on February
10, 2017, adopted the following resolutions creating a series of shares of preferred stock designated as Series A Convertible
Preferred Stock, none of which shares has been issued:

 

RESOLVED,
that the Board hereby designates the Series A Convertible Preferred Stock and the number of shares constituting such series, and
fixes the rights, powers, preferences, privileges and restrictions relating to such series in addition to any set forth in the
Articles of Incorporation as follows:

 

TERMS
OF SERIES A CONVERTIBLE PREFERRED STOCK

 

1.       Designation
and Number of Shares. There shall hereby be created and established a series of preferred stock of the Company designated
as “Series A Convertible Preferred Stock” (the “Preferred Shares”). The authorized number of Preferred
Shares shall be 1,050,000 shares. Each Preferred Share shall have a par value of
$0.0001. Capitalized terms not defined herein shall have the meanings as set forth in Section 23 below.

 

2.       Ranking.
Except with respect any other future series of preferred stock of senior rank to the Preferred Shares in respect of the preferences
as to dividends, distributions and payments upon the liquidation, dissolution and winding-up of the Company (collectively, the
“Senior Preferred Stock”) or any future series of preferred stock of pari passu rank to the Preferred Shares
in respect of the preferences as to dividends, distributions and payments upon the liquidation, dissolution and winding-up of
the Company (collectively, the “Parity Stock”), all shares of capital stock of the Company shall be junior
in rank to all Preferred Shares with respect to the preferences as to dividends, distributions and payments upon the liquidation,
dissolution and winding-up of the Company (collectively, the “Junior Stock”). The rights of all such shares
of capital stock of the Company shall be subject to the rights, powers, preferences and privileges of the Preferred Shares. In
the event of the merger or consolidation of the Company with or into another corporation, the Preferred Shares shall maintain
their relative rights, powers, preferences, privileges, and designations provided for herein and no such merger or consolidation
shall result inconsistent therewith.

 

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3.       Dividends.

 

(a)       From
and after April 5, 2017 (the “Initial Issuance Date”), each holder of a Preferred Share (each, a “Holder”
and collectively, the “Holders”) shall be entitled to receive dividends (the “Dividends”),
which Dividends shall be paid by the Company out of funds legally available therefor, payable, subject to the conditions and other
terms hereof, in shares of Common Stock or cash on the Stated Value (as defined below) of such Preferred Share at the Dividend
Rate (as defined below), which shall be cumulative and shall continue to accrue whether or not declared and whether or not in
any fiscal year there shall be net profits or surplus available for the payment of dividends in such fiscal year. Dividends on
the Preferred Shares shall commence accumulating on the Initial Issuance Date and shall be computed on the basis of a 365-day
year and actual days elapsed. Dividends shall be payable on the following dates (each, a “Dividend Date”):
(1) the first (1st) Dividend Date being April 5, 2017; (ii) the second (2nd) Dividend Date being July 5,
2017; and (iii) and each subsequent Dividend Date shall be solely in connection with and concurrently with Installment Redemption
Payments. Notwithstanding anything to the contrary contained herein, unless otherwise agreed to by the Company and the Holders,
the Company shall pay Cash Dividends (as defined below) to the Holders on each of the first (1st) two (2) Dividend
Dates.

 

(b)       Dividends
shall be payable on each Dividend Date, to the Holders of record of the Preferred Shares on the applicable Dividend Date, in shares
of Common Stock (the “Dividend Shares”) so long as there has been no Equity Conditions Failure and so long
as the delivery of Dividend Shares would not violate the provisions of Section 4; provided, however, that the Company
may, at its option, pay Dividends on any Dividend Date in cash (the “Cash Dividends”) or in a combination of
Cash Dividends and, so long as there has been no Equity Conditions Failure, Dividend Shares. The Company shall deliver a written
notice (each, a “Dividend Election Notice”) to each Holder two (2) Trading Days prior to each Dividend Date
(the date such notice is delivered to all of the Holders, the “Dividend Notice Date”), which notice (1) notifies
the then-record Holders that the Company has elected to pay the accrued Dividends as Cash Dividends, Dividend Shares, or as a
combination of Dividend Shares and Cash Dividends and, in any event, specifies the amount of the to-be-paid Dividends, if any,
as Cash Dividends and the amount of the to-be-paid Dividends, if any, as Dividend Shares and (2) certifies that there has been
no Equity Conditions Failure as of such time, if the Company has elected to pay any portion of the to-be-paid Dividends as Dividend
Shares. Notwithstanding anything herein to the contrary, if no Equity Conditions Failure has occurred as of the Dividend Notice
Date but an Equity Conditions Failure occurs at any time prior to the date on which a to-be-paid Dividend Shares are to be issued,
(A) the Company shall provide each Holder with a subsequent notice to that effect and (B) unless such Holder waives the Equity
Conditions Failure, such to-be-paid Dividends shall be paid as Cash Dividends. Dividends that are to be paid to each Holder in
Dividend Shares shall be paid in a number of fully paid and non-assessable shares (rounded to the nearest whole share, with 0.50
or more of a share being rounded up to the nearest whole share and 0.49 or less of a share being rounded down to the nearest whole
share) of Common Stock equal to the quotient of (1) the amount of Dividends payable to such Holder on such Dividend Date less
any Cash Dividends paid and (2) the lesser of (i) the Redemption Price in effect on the applicable Dividend Date, and (ii) the
VWAP on the Trading Day immediately preceding the Dividend Date.

 

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(c)       When
any Dividend Shares are to be paid to any Holder, the Company shall (i) (A) provided that (x) the Company’s transfer agent
(the “Transfer Agent”) is participating in the Depository Trust Company (“DTC”) Fast Automated
Securities Transfer Program and (y) either a Registration Statement for the resale by the applicable Holder of the Dividend Shares
or such Dividend Shares to be so issued are otherwise eligible for resale pursuant to Rule 144 (as defined in the Securities Purchase
Agreement), credit such aggregate number of Dividend Shares to which such Holder shall be entitled to such Holder’s or its
designee’s balance account with DTC through its Deposit and Withdrawal at Custodian system, or (B) if either of the immediately
preceding clauses (x) or (y) is not satisfied, issue and deliver on the applicable Dividend Date, to the address set forth in
the register maintained by the Company for such purpose pursuant to the Securities Purchase Agreement or to such address as specified
by such Holder in writing to the Company at least two (2) Business Days prior to the applicable Dividend Date, a certificate,
registered in the name of such Holder or its designee, for the number of Dividend Shares to which such Holder shall be entitled
and (ii) with respect to each such payment of a Dividend, pay to such Holder, in cash by wire transfer of immediately available
funds, the amount of any Cash Dividend. The Company shall pay any and all taxes that may be payable with respect to the issuance
and delivery of Dividend Shares.

 

4.       Beneficial
Ownership Limitation. Notwithstanding anything to the contrary contained in this Certificate of Designations, the Company
shall not tender an Installment Redemption Payment (including any Installment Redemption Price Make-Whole Shares (as defined below)),
any Dividend payment, or any other payment due to Holder, in shares of Common Stock to the extent (but only to the extent) that
such Holder or any of its affiliates would beneficially own in excess of 4.99% (the “Maximum Percentage”) of
the then-issued and outstanding shares of Common Stock. For purposes of this Section 4, beneficial ownership and all determinations
and calculations (including, without limitation, with respect to calculations of percentage ownership) shall be determined in
accordance with Section 13(d) of the 1934 Act and the rules and regulations promulgated thereunder. The provisions of this Section
4 shall be implemented in a manner otherwise in strict conformity with the terms of this Section 4 to correct this Section 4 (or
any portion hereof) which may be defective or inconsistent with the intended Maximum Percentage beneficial ownership limitation
herein contained or to make changes or supplements necessary or desirable to properly give effect to such Maximum Percentage limitation.
The limitations contained in this Section 4 shall apply to a successor holder of Preferred Shares. For any reason at any time,
upon the written or oral request of a Holder, the Company shall within one (1) Business Day confirm orally and in writing to such
Holder the number of shares of Common Stock then outstanding, including by virtue of any prior redemption or exercise of convertible
or exercisable securities into Common Stock, including, without limitation, pursuant to this Certificate of Designations or securities
issued pursuant to the other Transaction Documents. By written notice to the Company, any Holder may increase or decrease the
Maximum Percentage to any other percentage not in excess of 9.99% specified in such notice; provided that (i) any such increase
will not be effective until the sixty-first (61st) day after such notice is delivered to the Company and (ii) any such
increase or decrease will apply only to such Holder sending such notice and not to any other Holder.

 

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5.       Mandatory
Installment Redemptions; Triggering Events.

 

(a)
       Reserved.

 

(b)
       Mandatory Installment Redemption.

 

(i)
       Beginning on the earlier of the effectiveness of a Registration Statement and August
13, 2017, and so long as any Preferred Shares are outstanding, with respect to any Holder, the Company shall redeem Sixty-three
Thousand Dollars ($63,000) of the outstanding amount of Preferred Shares and any accrued but unpaid Dividends thereon on the first
(1st) Business Day of each week (each, an “Installment Redemption Payment”) for five (5) consecutive
weeks. Each Installment Redemption Payment shall be made, at the Company’s option (subject to the Company’s compliance
with the Equity Conditions (i.e., there is no Equity Conditions Failure)) in (i) cash at a price equal to the product of
(A) the applicable Installment Redemption Payment multiplied by (B) the Redemption Premium or (ii) in shares of Common Stock (the
“Installment Redemption Shares”) at a price equal to the product of (A) the applicable Installment Redemption
Payment multiplied by (B) the Redemption Premium divided by the lesser of (x) the Redemption Price (subject to adjustment for
any share dividend, share split, share combination, reclassification or similar transaction that proportionately decreases or
increases the Common Stock) or (y) the VWAP during the period commencing five (5) Trading Days prior to the Installment Redemption
Payment (the “Installment Redemption Price”). Notwithstanding the foregoing, the Holder shall have the option
to demand payment of one (1) Installment Redemption Payment in shares of Common Stock at price equal to the Installment Redemption
Price, in lieu of the receipt of cash; provided, that the Holder shall give the Company at least one (1) week’s notice prior
to the applicable Installment Redemption Payment. In the event that the Company elects to not pay an Installment Redemption Payment
in cash and the Equity Conditions are not met (i.e., there is an Equity Conditions Failure), then each Holder shall be
entitled to the redemption of the applicable Installment Redemption Payment at a price equal to the Triggering Event Redemption
Price until such time that the Equity Conditions Failure is cured. For the avoidance of doubt, if Holder defers the receipt of
Installment Redemption Shares due to the limitations set forth in Section 4, Holder shall remain entitled to such shares as originally
calculated, i.e., any weekly VWAP increase subsequent to the original Installment Redemption Payment shall not decrease
the amount of shares due to the Holder. However, if Holder defers the receipt of Installment Redemption Shares due to the limitations
set forth in Section 4 and any VWAP for the five (5) consecutive Trading Days subsequent to the original Installment Redemption
Date decreases (the “Subsequent Installment Redemption Payment”), then Holder shall receive the Installment
Redemption Shares at a price equal to the VWAP during any Subsequent Installment Redemption Payment. Additionally, if Holder defers
only a portion of the Installment Redemption Shares due to the limitations set forth in Section 4, then such portion shall be
subject to the pricing period of the Subsequent Installment Redemption Payment.

 

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In
the event that the Installment Redemption Price from the immediately prior Installment Redemption Payment is greater than the
VWAP for the five (5) consecutive Trading Days following such Installment Redemption Payment (the “Make-Whole VWAP Period”),
which shall be calculated in the same manner as the VWAP and which precedes the current Installment Redemption Payment, then the
Company shall make one make-whole payment to such Holder in additional shares of Common Stock (“Installment Redemption
Price Make-Whole Shares”) to compensate the Holder for the loss of value for the immediately previous Installment Redemption
Payment. The number of Installment Redemption Price Make-Whole Shares shall be determined by the quotient of (A) the Installment
Redemption Payment (including the Redemption Premium) divided by (B) the VWAP calculated during the Make-Whole VWAP Period (the
“Make-Whole VWAP Price”); and then subtracting from such result the number of shares of Common Stock issued
in connection with the Installment Redemption Payment. Such Installment Redemption Price Make-Whole Shares shall be delivered
to Holder by no later than the next Installment Redemption Payment or, if such Installment Redemption Price Make-Whole Shares
relates to the final Installment Redemption Payment, then Installment Redemption Price Make-Whole Shares shall be delivered to
Holder by no later than three Trading Days following the last Trading Day of the relevant Make-Whole VWAP Period. For the avoidance
of doubt, the Make-Whole VWAP Period for the final Installment Redemption Payment shall be the five (5) consecutive Trading Days
following such final Installment Redemption Payment.

 

The
Company’s obligations to deliver the Installment Redemption Price Make-Whole Shares shall continue even though a Triggering
Event has occurred (for the avoidance of doubt, in such event the Redemption Price that is utilized shall be the Triggering Event
Redemption Price in lieu of the Installment Redemption Price). For an example of the issuance of Installment Redemption Price
Make-Whole Shares, see Exhibit I attached hereto. For the avoidance of doubt, if Holder defers the receipt of Installment
Redemption Price Make-Whole Shares due to the limitations set forth in Section 4, Holder shall remain entitled to the amount of
the Installment Redemption Price Make-Whole Shares as originally calculated, i.e., any weekly VWAP increase subsequent
to the Make-Whole VWAP Period shall not decrease the amount of Installment Redemption Price Make-Whole Shares due to the Holder.
However, if Holder defers the receipt of Installment Redemption Price Make-Whole Shares due to the limitations set forth in Section
4 and any VWAP for the five (5) consecutive Trading Days subsequent to the Make-Whole VWAP Period decreases (the “Subsequent
Make-Whole VWAP Period”), then Holder shall receive the Installment Redemption Price Make-Whole Shares at a price equal
to the VWAP during any Subsequent Make-Whole Period. Additionally, if Holder defers only a portion of the Installment Redemption
Price Make-Whole Shares due to the limitations set forth in Section 4, then such portion shall be subject to the pricing period
of the Subsequent Make-Whole VWAP Period. Further, the Holder may demand the receipt of any portion of the Installment Redemption
Price Make-Whole Shares prior to the receipt of the next Installment Redemption Payment. In such event, the Company shall deliver
a separate Redemption Notice to the Holder with respect to the next Installment Redemption Payment.

 

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(ii)
       On the Business Day immediately prior to each Installment Redemption Payment, the Company
shall deliver to each Holder a written notice of each Installment Redemption Payment by facsimile or electronic mail in the form
attached hereto as Exhibit II, which shall (A) certify that there has been no Equity Conditions Failure and (B)
state the aggregate amount of the Preferred Shares which is being redeemed in such Installment Redemption Payment from such Holder
and all of the other Holders of the Preferred Shares pursuant to this Section 5(b). Redemptions made pursuant to this Section
5(b) shall be made in accordance with Section 5(d).

 

(iii)       Pursuant
to the limitations set forth in Section 4, each Holder may defer all or any portion of any Installment Redemption Payment (including
without limitation, any Installment Redemption Price Make-Whole Shares) and have it be paid simultaneously with any future Installment
Redemption Payment(s) or on any other date. For the avoidance of doubt, if a Holder defers all or any portion of any Installment
Redemption Payment (including without limitation, any Installment Redemption Price Make-Whole Shares) due to the limitations set
forth in Section 4, such deferral alone shall not be deemed a Triggering Event.

 

(c)       Triggering
Event Redemptions.

 

(i)       Triggering
Event. Each of the following events shall constitute a “Triggering Event” and each of the events in clauses
(I), (J) and (K) shall constitute a “Bankruptcy Triggering Event”:

 

A.       reserved;

 

B.
      the suspension from trading or failure of the Common Stock to be traded or listed (as applicable)
on an Eligible Market for a period of five (5) consecutive Trading Days;

 

C.       the
Company’s written notice to any holder of the Preferred Shares, including, without limitation, by way of public announcement
or through any of its agents, at any time, of its intention not to comply, as required, with a request for redemption of any Preferred
Shares into shares of Common Stock that is requested in accordance with the provisions of this Certificate of Designations, other
than pursuant to Section 4 hereof;

 

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D.       at
any time following the fifth (5th) consecutive day that a Holder’s pro-rata authorized share allocation (as defined
in Section 9 below) is less than 300% of the number of shares of Common Stock that such Holder would be entitled to receive upon
a redemption in full of the Preferred Shares held by such Holder (without regard to any 4.99% limitations or restrictions set
forth in this Certificate of Designations);

 

E.       the
Company’s Board of Directors fails to declare any Dividend to be paid on the applicable Dividend Date in accordance with
Section 3 which remains uncured for a period of three (3) Trading Days;

 

F.       the
Company’s failure to pay to any Holder any Dividend (whether or not declared by the Board of Directors) or any other amount
when and as due under this Certificate of Designations (including, without limitation, the Company’s failure to pay any
redemption payments or amounts hereunder) or any other Transaction Document or any other agreement, document, certificate or other
instrument delivered in connection with the transactions contemplated hereby (in each case, as permitted pursuant to the NRS),
except, in the case of a failure to pay Dividends and Late Charges (as defined in Section 5(c)(iv)) when and as due, in each such
case only if such failure remains uncured for a period of at least three (3) Trading Days;

 

G.       the
Company, either (A) fails to deliver the required number of shares of Common Stock within five (5) Trading Days after the applicable
Installment Redemption Payment; (B) fails to deliver the required number of Installment Redemption Price Make-Whole Shares within
five (5) Trading Days of the payment date provided in Section 5(b)(i), or (C) fails to remove any restrictive legend on any certificate
for any shares of Common Stock issued to such Holder upon redemption of any Preferred Shares acquired by such Holder as and when
required with respect to such securities in accordance with applicable federal securities laws, and any such failure remains uncured
for at least five (5) Trading Days;

 

H.       the
occurrence of any default under, redemption of or acceleration prior to maturity of at least an aggregate of $250,000 of Indebtedness
of the Company or any Subsidiaries;

 

I.       bankruptcy,
insolvency, reorganization or liquidation proceedings or other proceedings for the relief of debtors shall be instituted by or
against the Company or any Subsidiary and, if instituted against the Company or any Subsidiary by a third party, shall not be
dismissed within forty-five (45) days of their initiation;

 

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J.       the
commencement by the Company or any Subsidiary of a voluntary case or proceeding under any applicable federal, state or foreign
bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or
insolvent, or the consent by it to the entry of a decree, order, judgment or other similar document in respect of the Company
or any subsidiary in an involuntary case or proceeding under any applicable federal, state or foreign bankruptcy, insolvency,
reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the
filing by it of a petition or answer or consent seeking reorganization or relief under any applicable federal, state or foreign
law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian, receiver,
liquidator, assignee, trustee, sequestrator or other similar official of the Company or any Subsidiary or of any substantial part
of its property, or the making by it of an assignment for the benefit of creditors, or the execution of a composition of debts,
or the occurrence of any other similar federal, state or foreign proceeding, or the admission by it in writing of its inability
to pay its debts generally as they become due, the taking of corporate action by the Company or any Subsidiary in furtherance
of any such action or the taking of any action by any Person to commence a Uniform Commercial Code foreclosure sale or any other
similar action under federal, state or foreign law;

 

K.       the
entry by a court of (A) a decree, order, judgment or other similar document in respect of the Company or any Subsidiary of a voluntary
or involuntary case or proceeding under any applicable federal, state or foreign bankruptcy, insolvency, reorganization or other
similar law or (B) a decree, order, judgment or other similar document adjudging the Company or any Subsidiary as bankrupt or
insolvent, or approving as properly filed a petition seeking liquidation, reorganization, arrangement, adjustment or composition
of or in respect of the Company or any Subsidiary under any applicable federal, state or foreign law or (C) a decree, order, judgment
or other similar document appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official
of the Company or any Subsidiary or of any substantial part of its property, or ordering the winding up or liquidation of its
affairs, and the continuance of any such decree, order, judgment or other similar document or any such other decree, order, judgment
or other similar document unstayed and in effect for a period of thirty (30) consecutive days;

 

L.       a
final judgment or judgments for the payment of money aggregating in excess of $250,000 are rendered against the Company and/or
any of its subsidiaries and which judgments are not, within thirty (30) days after the entry thereof, bonded, discharged, settled
or stayed pending appeal, or are not discharged within thirty (30) days after the expiration of such stay; provided, however,
any judgment which is covered by insurance or an indemnity from a credit worthy party shall not be included in calculating the
$250,000 amount set forth above so long as the Company provides each Holder a written statement from such insurer or indemnity
provider (which written statement shall be reasonably satisfactory to each Holder) to the effect that such judgment is covered
by insurance or an indemnity and the Company or such Subsidiary (as the case may be) will receive the proceeds of such insurance
or indemnity within thirty (30) days of the issuance of such judgment;

 

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M.       the
Company and/or any Subsidiary, individually or in the aggregate fails to pay, when due, or within any applicable grace period,
any payment with respect to any Indebtedness in excess of $250,000 due to any third party (other than, with respect to payments
contested by the Company and/or such subsidiary (as the case may be) in good faith by proper proceedings and with respect to which
adequate reserves have been set aside for the payment thereof in accordance with GAAP) or is otherwise in breach or violation
of any agreement for monies owed or owing in an amount in excess of $250,000, which breach or violation causes the other party
thereto to declare a default or otherwise accelerate amounts due thereunder;

 

N.       other
than as specifically set forth in another clause of this Section 5(c), the Company or any Subsidiary breaches any representation
or warranty in any material respect (other than representations or warranties subject to material adverse effect or materiality,
which may not be breached in any respect) or any covenant or other term or condition of any Transaction Document, except, in the
case of a breach of a covenant or other term or condition that is curable, only if such breach remains uncured for a period of
five (5) consecutive Trading Days, unless such breach does not have a Material Adverse Effect (as defined below);

 

O.       a
false or inaccurate certification (including a false or inaccurate deemed certification) by the Company that either (A) the Equity
Conditions are satisfied (i.e., there is no Equity Conditions Failure), (B) there has been no Equity Conditions Failure,
or (C) as to whether any Triggering Event has occurred, and such Holder suffers economic damage thereby;

 

P.        any
breach or failure in any respect by the Company or any Subsidiary to comply with any provision or covenants of this Certificate
of Designations, unless such breach does not have a Material Adverse Effect;

 

Q.       occurrence
of any Material Adverse Effect;

 

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R.
       the occurrence or continuance of an event of default under any Transaction Document
and such event of default has not been cured during the applicable cure period;

 

S.       any
Equity Condition Failure;

 

T.       reserved;

 

U.
       the Company fails to remain current on all of its filings under the 1934 Act; or

 

V.       the
Company breaches any of the covenants contained in the Transaction Documents, including, without limitation, the covenants contained
in Article IV of the Purchase Agreement.

 

(ii)       Notice
of a Triggering Event; Redemption Right. Upon the occurrence of a Triggering Event with respect to the Preferred Shares, the
Company shall within one (1) Business Day deliver written notice thereof via facsimile or electronic mail (a “Triggering
Event Notice”) to each Holder. At any time after the earlier of a Holder’s receipt of a Triggering Event Notice
and such Holder becoming aware of a Triggering Event (such earlier date, the “Triggering Event Right Commencement Date”)
and ending (such ending date, the “Triggering Event Right Expiration Date”, and each such period, a “Triggering
Event Redemption Right Period”) on the tenth (10th) Trading Day after the earliest of: (w) the date such
Triggering Event is cured (the Company shall only have five (5) calendar days to cure any Equity Conditions Failure and ten (10)
calendar days to cure any other Triggering Event)); (x) the date such Triggering Event is not cured by the requisite time provided
in the immediately preceding clause (w); (y) such Holder’s receipt of a Triggering Event Notice that includes (I) a reasonable
description of the applicable Triggering Event, (II) a certification as to whether, in the opinion of the Company, such Triggering
Event is capable of being cured and, if applicable, a reasonable description of any existing plans of the Company to cure such
Triggering Event and (III) a certification as to the date the Triggering Event occurred and, if cured on or prior to the date
of such Triggering Event Notice, the applicable Triggering Event Right Expiration Date; and (z) such Holder becoming aware of
a Triggering Event; then, such Holder may require the Company to redeem (regardless of whether such Triggering Event has been
cured on or prior to the Triggering Event Right Expiration Date) all or any of the Preferred Shares held by such Holder by delivering
written notice thereof (the “Triggering Event Redemption Notice”) to the Company, which Triggering Event Redemption
Notice shall indicate the number of the Preferred Shares such Holder is electing to redeem. For the avoidance of doubt, neither
the Company’s failure to timely deliver a Triggering Event Notice nor a Holder’ failure to become aware of a Triggering
Event shall effect the date of occurrence of the Triggering Event (e.g., if a Triggering Event occurred on April 15, 2017,
and neither the Company provided the relevant Triggering Event Notice on the next (1) Business Day nor a Holder’s failure
to become aware of such Triggering Event by April 16, 2017, such Triggering Event shall still be deemed to occur on April 15,
2017). Each of the Preferred Shares subject to redemption by the Company pursuant to this Section 5(c) shall be redeemed by the
Company, at the Company’s option, for shares of Common Stock or cash at a price equal to the product of (A) the Redemption
Amount to be redeemed multiplied by (B) one hundred thirty-five percent (135%) (the “Triggering Event Redemption Premium”;
the product of the Redemption Amount and the Triggering Event Redemption Premium shall be referred to herein as the “Triggering
Event Redemption Amount”)). In the event that the Company elects to pay the Triggering Event Redemption Amount in shares
of Common Stock, the Company shall issue the shares of Common Stock at a price equal to average of the two (2) lowest VWAP during
the period commencing ten (10) Trading Days prior to the to the date (the “Triggering Event Payment Date”)
of payment of such Trigger Event Redemption Amount (the “Triggering Event Redemption Price”). Notwithstanding
the foregoing, if the Company fails to cure a Triggering Event by the period prescribed in clause (w) above and has yet to pay
the Triggering Event Redemption Amount in cash or shares of Common Stock to Holder, then the Holder shall determine whether such
Triggering Event Redemption Amount will be made in cash or in shares of Common Stock. For the avoidance of doubt, if any Holders
are requesting redemptions of the Triggering Event Redemption Amount at the Triggering Event Redemption Price but there is an
Equity Conditions Failure, the Company shall pay the Triggering Event Redemption Amount in cash unless, Holder waives the Equity
Conditions Failure and requests the payment of the Triggering Event Redemption Amount in shares of Common Stock. For the avoidance
of doubt, if Holder defers the receipt of any Triggering Event Redemption Amount in shares of Common Stock due to the limitations
set forth in Section 4, Holder shall remain entitled to such shares as originally calculated, i.e., any weekly VWAP increase
subsequent to the original Triggering Event Payment Date shall not decrease the amount of shares due to the Holder. However, if
Holder defers the receipt of any Triggering Event Redemption Amount in shares of Common Stock due to the limitations set forth
in Section 4 and any VWAP for the ten (10) consecutive Trading Days subsequent to the original Triggering Event Payment Date decreases
(the “Subsequent Triggering Event Payment Date”), then Holder shall receive the Triggering Event Redemption
Amount in shares of Common Stock at a price equal to the average of the two (2) lowest VWAP during any Subsequent Triggering Event
Payment Date. Additionally, if Holder defers only a portion of the Triggering Event Redemption Amount in shares of Common Stock
due to the limitations set forth in Section 4, then such portion shall be subject to the pricing period of the Subsequent Triggering
Event Payment Date. In the event the Triggering Event Redemption Amount is paid in shares of Common Stock and such issuance would
exceed the limitations contained in Section 4, then the Holder, at its option, may also demand that the balance be paid in cash
(subject to the conditions in this Section 5(c)).

 

    	 	10	 

     

    

 

Triggering
Redemptions required by this Section 5(c) shall be made in accordance with the provisions of Section 5(d). To the extent redemptions
required by this Section 5(c) are deemed or determined by a court of competent jurisdiction to be prepayments of the Preferred
Shares by the Company; such redemptions shall be deemed to be voluntary prepayments. In the event of the Company’s redemption
of any of the Preferred Shares under this Section 5(c), a Holder’s damages would be uncertain and difficult to estimate
because of the parties’ inability to predict future interest rates and the uncertainty of the availability of a suitable
substitute investment opportunity for such Holder. Accordingly, any redemption premium (including without limitation, the Triggering
Event Redemption Premium) due under this Section 5(c) is intended by the parties to be, and shall be deemed, a reasonable estimate
of such Holder’s actual loss of its investment opportunity and not as a penalty. Any redemption upon a Triggering Event
shall not constitute an election of remedies by the applicable Holder or any other Holder, and all other rights and remedies of
each Holder shall be preserved.

 

(iii)       Triggering
Event Redemption Make-Whole Shares. In the event that the Triggering Event Redemption
Price is greater than the VWAP for the ten (10) consecutive Trading Days following the Triggering Event Payment Date (the
“Triggering Event Make-Whole VWAP Period”), which shall be calculated in the same manner as the VWAP, then
the Company shall make one make-whole payment to such Holder in additional shares of Common Stock (“Triggering Event
Redemption Make-Whole Shares”) to compensate the Holder for the loss of value of the shares of Common Stock issued in
connection with a Triggering Event Redemption Amount. The number of Triggering Event Redemption Make-Whole Shares shall be determined
by the quotient of (A) the Triggering Event Redemption Amount divided by (B) the VWAP calculated during the Triggering Event Make-Whole
VWAP Period (the “Triggering Event Make-Whole VWAP Price”); and then subtracting from such result the number
of shares of Common Stock issued in connection with the Triggering Event Redemption Amount. Such Triggering Event Redemption Make-Whole
Shares shall be delivered to Holder by no later than three (3) Trading Days following the last Trading Day of the relevant Triggering
Event Make-Whole VWAP Period

 

The
Company’s obligations to deliver shares of Common Stock with respect to a Triggering Event Redemption Amount, as well as
the Triggering Event Redemption Make-Whole Shares, shall continue even though a Triggering Event continues or another Triggering
Event has occurred. For the avoidance of doubt, if Holder defers the receipt of any such shares of Common Stock due to the limitations
set forth in Section 4, Holder shall remain entitled to such shares as originally calculated, i.e., any weekly VWAP increase
subsequent to the Make-Whole VWAP Period shall not decrease the amount of shares due to the Holder. However, if Holder defers
the receipt of Triggering Event Redemption Make-Whole Shares due to the limitations set forth in Section 4 and any VWAP for the
ten (10) consecutive Trading Days subsequent to the Triggering Event Make-Whole VWAP Period decreases (the “Subsequent
Triggering Event Make-Whole VWAP Period”), then Holder shall receive the Triggering Event Redemption Make-Whole Shares
at a price equal to the average of the two (2) lowest VWAP during any Subsequent Triggering Event Make-Whole Period. Additionally,
if Holder defers only a portion of the Triggering Event Redemption Make-Whole Shares due to the limitations set forth in Section
4, then such portion shall be subject to the pricing period of the Subsequent Triggering Event Make-Whole VWAP Period. In the
event the issuance of the Triggering Event Redemption Make-Whole Shares would exceed the limitations contained in Section 4, then
(A) the Holder, at its option, may also demand that the balance be paid in cash (subject to the conditions in this Section 5(c)),
and (B) the Holder may demand the receipt of the Triggering Event Redemption Make-Whole Shares prior to the receipt of any shares
of Common Stock to be issued in connection with any subsequent Triggering Event Redemption Amount.

 

    	 	11	 

     

    

 

(iv)       Notwithstanding
anything to the contrary contained in this Section 5(c), upon a Triggering Event, each Holder shall have the option to redeem
all of its Preferred Shares in accordance with this Section 5(c). Additionally, following a Triggering Event (including without
limitation an amount due under this Certificate of Designations which is not paid when due), interest shall accrue on the amount
due to a Holder at a rate of two percent (2%) per month until such Holder is paid in full (a “Late Charge”).
The Holder may also require the Company to deposit all revenues that due it into an account at a bank or financial institution
that is subject to a deposit account control agreement in a form reasonably satisfactory to the Holder.

 

(v)       Mandatory
Redemption upon Bankruptcy Triggering Event. Notwithstanding anything to the contrary herein, and notwithstanding any redemption
that is then required or in process, upon any Bankruptcy Triggering Event, the Company shall immediately redeem, in cash, each
of the Preferred Shares then outstanding at the Triggering Event Redemption Premium, without the requirement for any notice or
demand or other action by any Holder or any other person or entity, provided that a Holder may, in its sole discretion, waive
such right to receive payment upon a Bankruptcy Triggering Event, in whole or in part, and any such waiver shall not affect any
other rights of such Holder or any other Holder hereunder, including any other rights in respect of such Bankruptcy Triggering
Event, any right to redemption, and any right to payment of such Triggering Event Redemption Amount (in cash or in shares of Common
Stock) or any other Redemption Amount (in cash or in shares of Common Stock), as applicable.

 

(vi)       Pursuant
to the limitations set forth in Section 4, each Holder may defer all or any portion of any Triggering Event Redemption Amount
(including without limitation, any Triggering Event Redemption Make-Whole Shares) and have it be paid simultaneously with any
future Installment Redemption Payment(s) or on any other date. For the avoidance of doubt, if a Holder defers all or any portion
of any Triggering Event Redemption Amount (including without limitation, any Triggering Event Redemption Make-Whole Shares) due
to the limitations set forth in Section 4, such deferral alone shall not be deemed a new Triggering Event.

 

    	 	12	 

     

    

 

(d)       Redemptions.

 

(i)       General.
If a Holder has submitted a Triggering Event Redemption Notice in accordance with Section 5(c)(ii), the Company shall deliver
the applicable Triggering Event Redemption Amount to such Holder in cash or Common Stock within four (4) Trading Days and three
(3) Trading Days, respectively, after the Company’s receipt of such Holder’s Triggering Event Redemption Notice. In
the event of a redemption of less than all of the Preferred Shares held by such Holder, the Company shall promptly cause to be
issued and delivered to such Holder a new Preferred Certificate (likewise to the procedure set forth in Section 14) representing
the number of Preferred Shares which have not been redeemed. In the event that the Company does not pay the applicable Redemption
Amount (including the Redemption Premium) or the Triggering Event Redemption Amount to a Holder within the time period required
for any reason (except if such payment is prohibited pursuant to the NRS), at any time thereafter and until the Company pays such
unpaid Redemption Amount (including the Redemption Premium) or Triggering Event Redemption Amount in full, such Holder shall have
the option, in lieu of redemption, to require the Company to promptly return to such Holder all or any of the Preferred Shares
that were submitted for redemption and for which the applicable Redemption Amount (including the Redemption Premium) or Triggering
Event Redemption Amount has not been paid. Upon the Company’s receipt of such notice, (x) the applicable Redemption Notice
shall be null and void with respect to such Preferred Shares and (y) the Company shall immediately return the applicable Preferred
Share Certificate(s), or issue a new Preferred Share Certificate(s) (likewise to the procedure set forth in Section 14), to such
Holder. A Holder’s delivery of a notice voiding a Redemption Notice and exercise of its rights following such notice shall
not affect the Company’s obligations to make any other payments which have accrued prior to the date of such notice with
respect to the Preferred Shares subject to such notice, including without limitation, the payment of Late Charges (as defined
in Section 5(c)(iv)).

 

(ii)       Redemption
by Multiple Holders. Upon the Company’s receipt of a Redemption Notice from any Holder for redemption or repayment as
a result of an event or occurrence substantially similar to the events or occurrences described in Section 5(c)(ii), the Company
shall immediately, but no later than one (1) Business Day of its receipt thereof, forward to each other Holder by facsimile or
electronic mail a copy of such notice. If the Company receives one or more Redemption Notices, during the seven (7) Business Day-period
beginning on and including the date which is three (3) Business Days prior to the Company’s receipt of the initial Redemption
Notice and ending on and including the date which is three (3) Business Days after the Company’s receipt of the initial
Redemption Notice and the Company is unable to redeem all principal, interest and other amounts designated in such initial Redemption
Notice and such other Redemption Notices received during such seven (7) Business Day-period, then the Company shall redeem a pro
rata amount from each Holder based on the principal amount of the Preferred Shares submitted for redemption pursuant to such Redemption
Notices received by the Company during such seven (7) Business Day-period.

 

    	 	13	 

     

    

 

(iii)       Required
Redemptions. Notwithstanding anything to the contrary in Sections 5(c)(ii) or 5(c)(iv), the Company shall have no obligation
to comply with such Sections 5(c)(ii) or 5(c)(iv) at any time that (x) the Company does not have surplus as described under the
NRS or funds legally available to redeem that number of outstanding Preferred Shares that is then subject to redemption, (y) the
Company’s capital is impaired as described under the NRS or (z) the redemption of any Preferred Shares would result in an
impairment of the Company’s capital as described under NRS; provided, however that, in the event that the
Company does not comply with the provisions of Sections 5(c)(ii) or 5(c)(iv) by virtue of the restrictions in this Section 5(d)(iii),
the Company will comply with the provisions of Sections 5(c)(ii) or 5(c)(iv) promptly after such restrictions are no longer applicable.

 

6.       Rights
Upon Fundamental Transactions. The Company shall not enter into or be party to a Fundamental Transaction unless (i) the Successor
Entity assumes in writing all of the obligations of the Company under this Certificate of Designations and the other Transaction
Documents in accordance with the provisions of this Section 6 pursuant to written agreements in form and substance reasonably
satisfactory to the Required Holders and approved by the Required Holders prior to such Fundamental Transaction, including agreements
to deliver to each holder of Preferred Shares in exchange for such Preferred Shares a security of the Successor Entity evidenced
by a written instrument substantially similar in form and substance to this Certificate of Designations, including, without limitation,
having a stated value and dividend rate equal to the stated value and dividend rate of the Preferred Shares held by the Holders
and having similar ranking to the Preferred Shares, and reasonably satisfactory to the Required Holders and (ii) the Successor
Entity (including its Parent Entity) is a publicly traded corporation whose shares of common stock are quoted on or listed for
trading on an Eligible Market. Upon the occurrence of any Fundamental Transaction, the Successor Entity shall succeed to, and
be substituted for (so that from and after the date of such Fundamental Transaction, the provisions of this Certificate of Designations
and the other Transaction Documents referring to the “Company” shall refer instead to the Successor Entity), and may
exercise every right and power of the Company and shall assume all of the obligations of the Company under this Certificate of
Designations and the other Transaction Documents with the same effect as if such Successor Entity had been named as the Company
herein and therein. In addition to the foregoing, upon consummation of a Fundamental Transaction, the Successor Entity shall deliver
to each Holder confirmation that there shall be issued upon redemption of the Preferred Shares at any time after the consummation
of such Fundamental Transaction, in lieu of the shares of Common Stock (or other securities, cash, assets or other property (except
such items still issuable under Sections 7(a) and 12, which shall continue to be receivable thereafter)) issuable upon the redemption
of the Preferred Shares prior to such Fundamental Transaction, such shares of publicly traded common stock (or their equivalent)
of the Successor Entity (including its Parent Entity) which each Holder would have been entitled to receive upon the consummation
of such Fundamental Transaction had all the Preferred Shares held by each Holder been converted immediately prior to such Fundamental
Transaction (without regard to any 4.99% limitations or restrictions set forth in this Certificate of Designations), as adjusted
in accordance with the provisions of this Certificate of Designations. The provisions of this Section 6 shall apply similarly
and equally to successive Fundamental Transactions and shall be applied without regard to any 4.99% limitations or restrictions
set forth in this Certificate of Designations.

 

    	 	14	 

     

    

 

7.       Rights
Upon Issuance of Purchase Rights and Other Corporate Events.

 

(a)       Purchase
Rights. In addition to any adjustments pursuant to Section 8 below, if at any time the Company grants, issues or sells any
Options, Convertible Securities or rights to purchase stock, warrants, securities or other property pro rata to the record holders
of any class of Common Stock (the “Purchase Rights”), then each Holder will be entitled to acquire, upon the
terms applicable to such Purchase Rights, the aggregate Purchase Rights which such Holder could have acquired if such Holder had
held the number of shares of Common Stock acquirable upon complete redemption of all the Preferred Shares (without taking into
account any 4.99% limitations or restrictions set forth in this Certificate of Designations) held by such Holder immediately before
the date on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the
date as of which the record holders of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights
(provided, however, to the extent that such Holder’s right to participate in any such Purchase Right would
result in such Holder exceeding the Maximum Percentage, then such Holder shall not be entitled to participate in such Purchase
Right to such extent (or beneficial ownership of such shares of Common Stock as a result of such Purchase Right to such extent)
and such Purchase Right to such extent shall be held in abeyance for such Holder until such time, if ever, as its right thereto
would not result in such Holder exceeding the Maximum Percentage).

 

(b)       Other
Corporate Events. In addition to and not in substitution for any other rights hereunder, prior to the consummation of any
Fundamental Transaction pursuant to which holders of shares of Common Stock are entitled to receive securities or other assets
with respect to or in exchange for shares of Common Stock (a “Corporate Event”), the Company shall make appropriate
provisions to ensure that each Holder will thereafter have the right to receive upon a redemption of all the Preferred Shares
held by such Holder (i) in addition to the shares of Common Stock receivable upon such redemption, such securities or other assets
to which such Holder would have been entitled with respect to such shares of Common Stock had such shares of Common Stock been
held by such Holder upon the consummation of such Corporate Event (without taking into account any limitations or restrictions
on the convertibility of the Preferred Shares contained in this Certificate of Designations) or (ii) in lieu of the shares of
Common Stock otherwise receivable upon such redemption, such securities or other assets received by the holders of shares of Common
Stock in connection with the consummation of such Corporate Event in such amounts as such Holder would have been entitled to receive
had the Preferred Shares held by such Holder initially been issued with redemption rights for the form of such consideration (as
opposed to shares of Common Stock) at a rate for such consideration commensurate with the Redemption Rate. The provisions of this
Section 7 shall apply similarly and equally to successive Corporate Events and shall be applied without regard to any 4.99% limitations
or restrictions set forth in this Certificate of Designations.

 

    	 	15	 

     

    

 

8.       Adjustment
of Redemption Price upon Subdivision or Combination of Common Stock. Without limiting any provision of Section 7 or Section
12, if the Company at any time on or after the Subscription Date subdivides (by any stock split, stock dividend, recapitalization
or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the Redemption Price
in effect immediately prior to such subdivision will be proportionately reduced. Without limiting any provision of Section 7 or
Section 12, if the Company at any time on or after the Subscription Date combines (by combination, reverse stock split or otherwise)
one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the Redemption Price in effect
immediately prior to such combination will be proportionately increased. Any adjustment pursuant to this Section 8 shall become
effective immediately after the effective date of such subdivision or combination. If any event requiring an adjustment under
this Section 8 occurs during the period that a Redemption Price is calculated hereunder, then the calculation of such Redemption
Price shall be adjusted appropriately to reflect such event.

 

9.       Authorized
Shares.

 

(a)       Reservation.
No later than the fifth (5th) Trading Day after the Company has filed this Certificate of Designations, the Company
shall initially reserve out of its authorized and unissued Common Stock a number of shares of Common Stock equal to the sum of
(i) 300% of the Redemption Rate with respect to the Redemption Amount (inclusive of the Redemption Premium) of each Preferred
Share as of the Initial Issuance Date (assuming for purposes hereof, that all the Preferred Shares then issued pursuant to the
Securities Purchase Agreement have been issued, such Preferred Shares are convertible at the Redemption Price and without taking
into account any 4.99% limitations or restrictions set forth in this Certificate of Designations); (ii) the maximum number of
Dividend Shares issuable pursuant to the terms of this Certificate of Designations from the Initial Issuance Date through the
third (3rd) anniversary of the Initial Issuance Date (assuming for purposes hereof, that all the Preferred Shares then
issued pursuant to the Securities Purchase Agreement have been issued and without taking into account any limitations on the issuance
of securities set forth herein); and (iii) any and all other shares of Common Stock due to each Holder under this Certificate
of Designations (including, without limitation, the Installment Redemption Price Make-Whole Shares). So long as any of the Preferred
Shares are outstanding, the Company shall take all action necessary to reserve and keep available out of its authorized and unissued
shares of Common Stock, solely for the purpose of effecting the redemption of the Preferred Shares, as of any given date, the
sum of (i) 300% of the number of shares of Common Stock as shall from time to time be necessary to effect the redemption of all
of the Preferred Shares then issued pursuant to the Securities Purchase Agreement and (ii) the maximum number of Dividend Shares
then issued pursuant to the terms of this Certificate of Designations from such date through third (3rd) anniversary
of such given date, assuming for purposes hereof, that all the Preferred Shares then issued pursuant to the Securities Purchase
Agreement have been issued and without taking into account any limitations on the issuance of securities set forth herein), provided,
that, at no time shall the number of shares of Common Stock so available be less than the number of shares required to be reserved
by the previous sentence (without regard to any 4.99% limitations or restrictions set forth in this Certificate of Designations)
(the “Required Amount”). The initial number of shares of Common Stock reserved for redemptions of the Preferred
Shares and for issuance as Dividend Shares and each increase in the number of shares so reserved shall be allocated pro rata among
the Holders based on the number of Preferred Shares held by each Holder on the Initial Issuance Date or increase in the number
of reserved shares (as the case may be) (the “Authorized Share Allocation”). In the event a Holder shall sell
or otherwise transfer any of such Holder’s Preferred Shares, each transferee shall be allocated a pro rata portion of such
Holder’s Authorized Share Allocation. Any shares of Common Stock reserved and allocated to any Person that ceases to hold
any Preferred Shares shall be allocated to the remaining Holders of Preferred Shares, pro rata based on the number of Preferred
Shares then held by such Holders. Upon the request of any Holder, the Company shall provide to such Holder an update, in writing,
with respect to the reserve described in this Section 9(a). For the avoidance of doubt, the Company shall cause the reserve described
in this Section 9(a) to be increased accordingly upon the issuance of any Preferred Shares after the date that the initial reserve
described above is completed. Additionally, upon any Holder’s reasonable request, the Company shall increase the reserve
described in this Section 9(a).

 

    	 	16	 

     

    

 

(b)       Insufficient
Authorized Shares. If, notwithstanding Section 9(a) and not in limitation thereof, at any time while any of the Preferred
Shares remain outstanding, the Company does not have a sufficient number of authorized and unissued shares of Common Stock to
satisfy its obligation to have available for issuance upon redemption of the Preferred Shares at least a number of shares of Common
Stock equal to the Required Amount (an “Authorized Share Failure”), then the Company shall immediately take
all action necessary to increase the Company’s authorized shares of Common Stock to an amount sufficient to allow the Company
to reserve and have available the Required Amount for all of the Preferred Shares then outstanding. Without limiting the generality
of the foregoing sentence, as soon as practicable after the date of the occurrence of an Authorized Share Failure, but in no event
later than ninety (90) days after the occurrence of such Authorized Share Failure, the Company shall hold a meeting or obtain
written consent of its stockholders for the approval of an increase in the number of authorized shares of Common Stock. In connection
with such meeting, the Company shall provide each stockholder with a proxy statement or information statement, as applicable,
and shall use its best efforts to solicit its stockholders’ approval of such increase in authorized shares of Common Stock
and to cause its Board to recommend to the stockholders that they approve such proposal. Nothing contained in this Section 9 shall
limit any obligations of the Company under any provision of the Securities Purchase Agreement.

 

(c)       Redemption
of all Preferred Shares. Upon the redemption of all Preferred Shares issued under this Certificate of Designations and each
Holder’s corresponding receipt of all shares of Common Stock under this Certificate of Designations (including without limitation,
the Dividend Shares, the shares of Common Stock with respect to Installment Redemption Payments, and the Installment Redemption
Price Make-Whole Shares), each Holder shall release the Company of its obligations under Section 9(a)-(b).

 

10.       Voting
Rights. Holders of Preferred Shares shall have no voting rights, except as required by law (including without limitation,
the NRS) and as expressly provided in this Certificate of Designations. To the extent that, under the NRS, the vote of the holders
of the Preferred Shares, voting separately as a class or series, as applicable, is required to authorize a given action of the
Company, the affirmative vote or consent of the holders of all of the Preferred Shares, voting together in the aggregate and not
in separate series unless required under the NRS, represented at a duly held meeting at which a quorum is presented or by written
consent of all of the Preferred Shares (except as otherwise may be required under the NRS), voting together in the aggregate and
not in separate series unless required under the NRS, shall constitute the approval of such action by both the class or the series,
as applicable. Subject to Section 4, to the extent that, under the NRS, holders of the Preferred Shares are entitled to vote on
a matter with holders of shares of Common Stock, voting together as one class, each Preferred Share shall entitle the holder thereof
to cast that number of votes per share as is equal to the number of shares of Common Stock into which it is then convertible (subject
to the ownership limitations specified in Section 4 hereof) using the record date for determining the stockholders of the Company
eligible to vote on such matters as the date as of which the Redemption Price is calculated. Holders of the Preferred Shares shall
be entitled to written notice of all stockholder meetings or written consents (and copies of proxy materials and other information
sent to stockholders) with respect to which they would be entitled by vote, which notice would be provided pursuant to the Company’s
bylaws and the NRS).

 

11.       Liquidation;
Dissolution; Winding-Up. In the event of a Liquidation Event, the Holders shall be entitled to receive in cash out of the
assets of the Company, whether from capital or from earnings available for distribution to its stockholders (the “Liquidation
Funds”), before any amount shall be paid to the holders of any of shares of Junior Stock, an amount per Preferred Share
equal to the greater of (A) 110% of the Redemption Amount thereof on the date of such payment, multiplied by the Redemption Premium
and (B) the amount per share such Holder would receive if such Holder converted such Preferred Shares into Common Stock immediately
prior to the date of such payment, provided that if the Liquidation Funds are insufficient to pay the full amount due to the Holders
and holders of shares of Parity Stock, then each Holder and each holder of Parity Stock shall receive a percentage of the Liquidation
Funds equal to the full amount of Liquidation Funds payable to such Holder and such holder of Parity Stock as a liquidation preference,
in accordance with their respective certificate of designations (or equivalent), as a percentage of the full amount of Liquidation
Funds payable to all holders of Preferred Shares and all holders of shares of Parity Stock. To the extent necessary, the Company
shall cause such actions to be taken by each of its Subsidiaries so as to enable, to the maximum extent permitted by law, the
proceeds of a Liquidation Event to be distributed to the Holders in accordance with this Section 11. All the preferential amounts
to be paid to the Holders under this Section 11 shall be paid or set apart for payment before the payment or setting apart for
payment of any amount for, or the distribution of any Liquidation Funds of the Company to the holders of shares of Junior Stock
in connection with a Liquidation Event as to which this Section 11 applies.

 

    	 	17	 

     

    

 

12.       Participation.
In addition to any adjustments pursuant to Section 8, the Holders shall, as holders of Preferred Shares, be entitled to receive
such dividends paid and distributions made to the holders of shares of Common Stock to the same extent as if such Holders had
converted each Preferred Share held by each of them into shares of Common Stock (without regard to any 4.99% limitations or restrictions
set forth in this Certificate of Designations) and had held such shares of Common Stock on the record date for such dividends
and distributions. Payments under the preceding sentence shall be made concurrently with the dividend or distribution to the holders
of shares of Common Stock (provided, however, to the extent that a Holder’s right to participate in any such
dividend or distribution would result in such Holder exceeding the Maximum Percentage, then such Holder shall not be entitled
to participate in such dividend or distribution to such extent (or the beneficial ownership of any such shares of Common Stock
as a result of such dividend or distribution to such extent) and such dividend or distribution to such extent shall be held in
abeyance for the benefit of such Holder until such time, if ever, as its right thereto would not result in such Holder exceeding
the Maximum Percentage).

 

13.       Vote
to Change the Terms of or Issue Preferred Shares. In addition to any other rights provided by law, except where the vote or
written consent of the holders of a greater number of shares is required by law or by another provision of the Articles of Incorporation,
without first obtaining the affirmative vote at a meeting duly called for such purpose or the written consent without a meeting
of the Required Holders, voting together as a single class, the Company shall not amend or repeal any provision of, or add any
provision to, its Articles of Incorporation or bylaws, or file any certificate of designations or articles of amendment of any
series of shares of preferred stock, if such action would adversely alter or change in any respect the preferences, rights, privileges
or powers, or restrictions provided for the benefit, of the Preferred Shares, regardless of whether any such action shall be by
means of amendment to the Articles of Incorporation or by merger, consolidation or otherwise; provided, however,
the Company shall be entitled, without the consent of the Required Holders unless such consent is otherwise required by the NRS,
to (a) amend the Articles of Incorporation to effectuate one or more reverse stock splits of its issued and outstanding Common
Stock for purposes of maintaining compliance with the rules and regulations of the Principal Market; (b) purchase, repurchase
or redeem any shares of capital stock of the Company junior in rank to the Preferred Shares (other than pursuant to equity incentive
agreements (that have in good faith been approved by the Board) with employees giving the Company the right to repurchase shares
upon the termination of services); or (c) issue any preferred stock that is junior in rank to the Preferred Shares.

 

14.       Lost
or Stolen Certificates. Upon receipt by the Company of evidence reasonably satisfactory to the Company of the loss, theft,
destruction or mutilation of any certificates representing Preferred Shares (as to which a written certification and the indemnification
contemplated below shall suffice as such evidence), and, in the case of loss, theft or destruction, of an indemnification undertaking
by the applicable Holder to the Company in customary and reasonable form and, in the case of mutilation, upon surrender and cancellation
of the certificate(s), the Company shall execute and deliver new certificate(s) of like tenor and date.

 

    	 	18	 

     

    

 

15.       Remedies;
Characterizations; Other Obligations; Breaches and Injunctive Relief. The remedies provided in this Certificate of Designations
shall be cumulative and in addition to all other remedies available under this Certificate of Designations and any of the other
Transaction Documents, at law or in equity (including a decree of specific performance and/or other injunctive relief), and no
remedy contained herein shall be deemed a waiver of compliance with the provisions giving rise to such remedy. Nothing herein
shall limit any Holder’s right to pursue actual and consequential damages for any failure by the Company to comply with
the terms of this Certificate of Designations. The Company covenants to each Holder that there shall be no characterization concerning
this instrument other than as expressly provided herein. Amounts set forth or provided for herein with respect to payments, redemptions
and the like (and the computation thereof) shall be the amounts to be received by a Holder and shall not, except as expressly
provided herein, be subject to any other obligation of the Company (or the performance thereof). The Company acknowledges that
a breach by it of its obligations hereunder will cause irreparable harm to the Holders and that the remedy at law for any such
breach may be inadequate. The Company therefore agrees that, in the event of any such breach or threatened breach, each Holder
shall be entitled, in addition to all other available remedies, to an injunction restraining any such breach or any such threatened
breach, without the necessity of showing economic loss and without any bond or other security being required, to the extent permitted
by applicable law. The Company shall provide all information and documentation to a Holder that is requested by such Holder to
enable such Holder to confirm the Company’s compliance with the terms and conditions of this Certificate of Designations.

 

16.       Noncircumvention.
The Company hereby covenants and agrees that the Company will not, by amendment of its Articles of Incorporation, bylaws or through
any reorganization, transfer of assets, consolidation, merger, scheme of arrangement, dissolution, issue or sale of securities,
or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Certificate of
Designations, and will at all times in good faith carry out all the provisions of this Certificate of Designations and take all
action as may be required to protect the rights of the Holders. Without limiting the generality of the foregoing or any other
provision of this Certificate of Designations, the Company (i) shall not increase the par value of any shares of Common Stock
receivable upon the redemption of any Preferred Shares above the Redemption Price then in effect, (ii) shall take all such actions
as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and non-assessable shares
of Common Stock upon the redemption of Preferred Shares and (iii) shall, so long as any Preferred Shares are outstanding, take
all action necessary to reserve and keep available out of its authorized and unissued shares of Common Stock, solely for the purpose
of effecting the redemption of the Preferred Shares, the maximum number of shares of Common Stock as shall from time to time be
necessary to effect the redemption of the Preferred Shares then outstanding (without regard to any 4.99% limitations or restrictions
set forth in this Certificate of Designations).

 

    	 	19	 

     

    

 

17.       Failure
or Indulgence Not Waiver. No failure or delay on the part of a Holder in the exercise of any power, right or privilege hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other
or further exercise thereof or of any other right, power or privilege. No waiver shall be effective unless it is in writing and
signed by an authorized representative of the waiving party. This Certificate of Designations shall be deemed to be jointly drafted
by the Company and all Holders and shall not be construed against any Person as the drafter hereof.

 

18.       Notices.
The Company shall provide each Holder of Preferred Shares with prompt written notice of all actions taken pursuant to the terms
of this Certificate of Designations, including in reasonable detail a description of such action and the reason therefor. Whenever
notice is required to be given under this Certificate of Designations, unless otherwise provided herein, such notice must be in
writing and shall be given in accordance with Section 5.4 of the Securities Purchase Agreement. Without limiting the generality
of the foregoing, the Company shall give written notice to each Holder (i) promptly following any adjustment of the Redemption
Price, setting forth in reasonable detail, and certifying, the calculation of such adjustment and (ii) at least fifteen (15) days
prior to the date on which the Company closes its books or takes a record (A) with respect to any dividend or distribution upon
the Common Stock, (B) with respect to any grant, issuances, or sales of any Options, Convertible Securities or rights to purchase
stock, warrants, securities or other property to all holders of shares of Common Stock as a class or (C) for determining rights
to vote with respect to any Fundamental Transaction, dissolution or liquidation, provided, in each case, that such information
shall be made known to the public prior to, or simultaneously with, such notice being provided to any Holder.

 

19.       Transfer
of Preferred Shares. Subject to the restrictions set forth in the Securities Purchase Agreement, a Holder may transfer some
or all of its Preferred Shares without the consent of the Company.

 

20.       Preferred
Shares Register. The Company shall maintain at its principal executive offices (or such other office or agency of the Company
as it may designate by notice to the Holders), a register for the Preferred Shares, in which the Company shall record the name,
address and facsimile number of the Persons in whose name the Preferred Shares have been issued, as well as the name and address
of each transferee. The Company may treat the Person in whose name any Preferred Shares is registered on the register as the owner
and holder thereof for all purposes, notwithstanding any notice to the contrary, but in all events recognizing any properly made
transfers.

 

21.       Stockholder
Matters; Amendment.

 

(a)       Stockholder
Matters. Any stockholder action, approval or consent required, desired or otherwise sought by the Company pursuant to the
NRS, the Articles of Incorporation, this Certificate of Designations or otherwise with respect to the issuance of Preferred Shares
may be effected by written consent of the Company’s stockholders or at a duly called meeting of the Company’s stockholders,
all in accordance with the applicable rules and regulations of the NRS. This provision is intended to comply with the applicable
sections of the NRS permitting stockholder action, approval and consent affected by written consent in lieu of a meeting.

 

    	 	20	 

     

    

 

(b)       Amendment.
This Certificate of Designations or any provision hereof may be amended by obtaining the affirmative vote at a meeting duly called
for such purpose, or written consent without a meeting in accordance with the NRS, of the Required Holders, voting separate as
a single class, and with such other stockholder approval, if any, as may then be required pursuant to the NRS and the Articles
of Incorporation.

 

22.       Dispute
Resolution.

 

(a)       Submission
to Dispute Resolution.

 

(i)       In
the case of a dispute relating to a Closing Sale Price, a Redemption Price, a VWAP or a fair market value or the arithmetic calculation
of a Redemption Rate (as the case may be) (including, without limitation, a dispute relating to the determination of any of the
foregoing), the Company or the applicable Holder (as the case may be) shall submit the dispute to the other party via facsimile
(A) if by the Company, within two (2) Business Days after the occurrence of the circumstances giving rise to such dispute or (B)
if by such Holder at any time after such Holder learned of the circumstances giving rise to such dispute. If such Holder and the
Company are unable to resolve such dispute promptly relating to such Closing Sale Price, such Redemption Price, such VWAP or such
fair market value, or the arithmetic calculation of such Redemption Rate (as the case may be), at any time after the second (2nd)
Business Day following such initial notice by the Company or such Holder (as the case may be) of such dispute to the Company or
such Holder (as the case may be), then the Company or such Holder may initiate arbitration through the American Arbitration Association
(the “AAA”), utilizing its Commercial Arbitration Rules to resolve such dispute.

 

(ii)       Such
Holder and the Company shall each deliver to the AAA (A) a copy of the initial dispute submission so delivered in accordance with
the first sentence of this Section 22 and (B) written documentation supporting its position with respect to such dispute, in each
case, no later than 5:00 p.m. (New York time) by the fifth (5th) Business Day immediately following the date on which
such Holder selected the AAA (the “Dispute Submission Deadline”) (the documents referred to in the immediately
preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”)
(it being understood and agreed that, if either such Holder or the Company fails to so deliver all of the Required Dispute Documentation
by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer
be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to the AAA with respect
to such dispute and the AAA shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to
the AAA prior to the Dispute Submission Deadline). Unless otherwise agreed in writing by both the Company and such Holder or otherwise
requested by the AAA, neither the Company nor such Holder shall be entitled to deliver or submit any written documentation or
other support to the AAA in connection with such dispute (other than the Required Dispute Documentation) .

 

    	 	21	 

     

    

 

(iii)       The
Company and such Holder shall cause the AAA to determine the resolution of such dispute and notify the Company and such Holder
of such resolution no later than ten (10) Business Days immediately following the Dispute Submission Deadline. The fees and expenses
of the AAA shall be borne solely by the Company, and the AAA’s resolution of such dispute shall be final and binding upon
all parties absent manifest error.

 

(b)       Miscellaneous.

 

(i)       The
Company expressly acknowledges and agrees that (i) this Section 22 constitutes an agreement to arbitrate between the Company and
each Holder (and constitutes an arbitration agreement) under §7501, et seq. of the New York Civil Practice Law and Rules
(“CPLR”) and that any Holder is authorized to apply for an order to compel arbitration pursuant to CPLR §7503(a)
in order to compel compliance with this Section 22, (ii) the terms of this Certificate of Designations and each other applicable
Transaction Document shall serve as the basis for the AAA’s resolution of the applicable dispute, the AAA shall be entitled
(and is hereby expressly authorized) to make all findings, determinations and the like that the AAA determines are required to
be made by the AAA in connection with its resolution of such dispute and in resolving such dispute the AAA shall apply such findings,
determinations and the like to the terms of this Certificate of Designations and any other applicable Transaction Document, (iii)
either the Company or the applicable Holder shall have the right to submit any dispute described in this Section 22 to any state
or federal court sitting in the City of New York, Borough of Manhattan in lieu of utilizing the procedures set forth in this Section
22 and (iv) nothing in this Section 22 shall limit either the Company or such Holder from obtaining any injunctive relief or other
equitable remedies (including, without limitation, with respect to any matters described in this Section 22).

 

(ii)       Whenever
any payment of cash is to be made by the Company to any Person pursuant to this Certificate of Designations, unless otherwise
expressly set forth herein, such payment shall be made in lawful money of the United States of America by a certified check drawn
on the account of the Company or a bank check (or any other tangible bank document with likewise effect evidencing good funds)
and sent via overnight courier service to such Person at such address as previously provided to the Company in writing, provided
that such Holder may elect to receive a payment of cash via wire transfer of immediately available funds by providing the Company
with prior written notice setting out such request and such Holder’s wire transfer instructions. Whenever any amount expressed
to be due by the terms of this Certificate of Designations is due on any day which is not a Business Day, the same shall instead
be due on the next succeeding day which is a Business Day.

 

    	 	22	 

     

    

 

23.       Certain
Defined Terms. For purposes of this Certificate of Designations, the following terms shall have the following meanings:

 

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

 

(b)       “AAA”
shall have the meaning ascribed to such term in Section 22(a)(i).

 

(c)       “Additional
Amount” means, as of the applicable date of determination, with respect to each Preferred Share, all accrued and unpaid
Dividends on such Preferred Share.

 

(d)       “Bloomberg”
means Bloomberg, L.P.

 

(e)       “Business
Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized
or required by law to remain closed.

 

(f)       “Closing
Sale Price” means, for any security as of any date, the last closing trade price for such security on the Principal
Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate
the closing trade price (as the case may be) then the last trade price of such security prior to 4:00:00 p.m., New York time,
as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security,
the last trade price of such security on the principal securities exchange or trading market where such security is listed or
traded as reported by Bloomberg, or if the foregoing do not apply, the last trade price of such security in the over-the-counter
market on the OTC Bulletin Board for such security as reported by Bloomberg, or, if no last trade price is reported for such security
by Bloomberg, the average of the bid prices, or the ask prices, respectively, of any market makers for such security as reported
by OTC Markets Group Inc. (formerly Pink Sheets LLC). If the Closing Sale Price cannot be calculated for a security on a particular
date on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as mutually
determined by the Company and the applicable Holder. If the Company and such Holder are unable to agree upon the fair market value
of such security, then such dispute shall be resolved in accordance with the procedures in Section 22. All such determinations
shall be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during such
period.

 

(g)       “Common
Stock” means (i) the Company’s shares of common stock, $0.0001 par value per share and (ii) any capital stock
into which such common stock shall have been changed or any share capital resulting from a reclassification of such common stock.

 

    	 	23	 

     

    

 

(h)
     “Common Stock Equivalents” means any securities
of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without
limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable
or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock. 

 

(i)       “Contingent
Obligation” means, as to any Person, any direct or indirect liability, contingent or otherwise, of that Person with
respect to any indebtedness, lease, dividend or other obligation of another Person if the primary purpose or intent of the Person
incurring such liability, or the primary effect thereof, is to provide assurance to the obligee of such liability that such liability
will be paid or discharged, or that any agreements relating thereto will be complied with, or that the holders of such liability
will be protected (in whole or in part) against loss with respect thereto.

 

(j)       “Convertible
Securities” means any stock or other security (other than Options) that is at any time and under any circumstances,
directly or indirectly, convertible into, exercisable or exchangeable for, or which otherwise entitles the holder thereof to acquire,
any shares of Common Stock.

 

(k)       Reserved.

 

(l)       “Dividend
Rate” means five percent (5%) per annum.

 

(m)       
“Eligible Market” means the Nasdaq Capital Market; the Nasdaq Global
Market; the Nasdaq Global Select Market; the New York Stock Exchange; the NYSE MKT, any level of the OTC Markets operated by OTC
Markets Group, Inc. or the OTC Bulletin Board (or any successors to any of the foregoing) or the Principal Market.

 

(n)       “Equity
Conditions” means: (i) following ninety (90) days with respect to the applicable date of determination either (x) a
Registration Statement is effective, and the prospectus contained therein is available, for the issuance by the Company to all
of the Holders of all of the shares of Common Stock issuable upon redemption of all of the Preferred Shares (without regard to
any 4.99% limitations or restrictions set forth in this Certificate of Designations) or (y) all of the shares of Common Stock
issuable upon redemption of all of the Preferred Shares are otherwise freely tradable without the need for registration under
any applicable federal or state securities laws (in each case, disregarding any 4.99% limitation contained herein); (ii) the Common
Stock (including all of the shares of Common Stock issuable upon redemption of all of the Preferred Shares) is listed or designated
for quotation (as applicable) on an Eligible Market and shall not have been suspended from trading on an Eligible Market (other
than suspensions of not more than two (2) days and occurring prior to the applicable date of determination due to business announcements
by the Company); (iii) the Company shall have delivered all shares of Common Stock issuable upon redemption of Preferred Shares
on a timely basis as set forth in Section 4 hereof, and all other shares of capital stock required to be delivered by the Company
on a timely basis as set forth in the other Transaction Documents; (iv) any shares of Common Stock to be issued in connection
with the event requiring determination may be issued in full without violating Section 4 hereof (each Holder acknowledges that
the Company shall be entitled to assume that this condition has been met for all purposes hereunder absent written notice from
such Holder); (v) any shares of Common Stock to be issued in connection with the event requiring determination may be issued in
full without violating the rules or regulations of the Eligible Market on which the Common Stock is then listed or designated
for quotation (as applicable); (vi) no public announcement of a pending, proposed or intended Fundamental Transaction shall have
occurred which has not been abandoned, terminated or consummated; (vii) the Company shall have no knowledge of any fact that would
reasonably be expected to cause any of the shares of Common Stock issuable upon redemption of any Preferred Shares to not be freely
tradable without the need for registration under any applicable state securities laws (disregarding any 4.99% limitations or restrictions
set forth in this Certificate of Designations); (viii) no Holder shall be in possession of any material, non-public information
provided to any of them by the Company, any of its Subsidiaries or any of their respective affiliates, employees, officers, representatives,
agents or the like; (ix) the Company shall have been in material compliance with each, and shall not have breached any, provision,
covenant, representation or warranty of any Transaction Document; (x) the average daily dollar volume of the Common Stock for
the previous twenty (20) Trading Days must have been greater than $10,000.00, as derived from reports of by OTC Markets Group
Inc. (formerly Pink Sheets LLC); (xi) there shall be no Triggering Events; (xii) the Company’s Common Stock must be DWAC
eligible and not subject to “DTC chill”; (xiii) the Company must be current on all of its filings under the 1934 Act;
(xiv) the Preferred Shares must be able to be delivered via an “Automatic Conversion” of principal and/or interest;
and (xv) the Company’s Common Stock must be listed on the Principal Market or an Eligible Market.

 

    	 	24	 

     

    

 

(o)       “Equity
Conditions Failure” means, with respect to any date of determination, that on any day during the period commencing twenty
(20) Trading Days immediately prior to such date of determination, the Equity Conditions have not been satisfied (or waived in
writing by the Required Holders).

 

(p)       Reserved.

 

(q)       Reserved.

 

(r)       Reserved.

 

(s)       “Fundamental
Transaction” means that (i) the Company or any of its Subsidiaries shall, directly or indirectly, in one or more related
transactions, (1) consolidate or merge with or into (whether or not the Company or any of its Subsidiaries is the surviving corporation)
any other Person, or (2) sell, lease, license, assign, transfer, convey or otherwise dispose of all or substantially all of its
respective properties or assets to any other Person, or (3) allow any other Person to make a purchase, tender or exchange offer
that is accepted by the holders of more than fifty percent (50%) of the outstanding shares of Voting Stock of the Company (not
including any shares of Voting Stock of the Company held by the Person or Persons making or party to, or associated or affiliated
with the Persons making or party to, such purchase, tender or exchange offer), or (4) consummate a stock or share purchase agreement
or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement)
with any other Person whereby such other Person acquires more than fifty percent (50%) of the outstanding shares of Voting Stock
of the Company (not including any shares of Voting Stock of the Company held by the other Person or other Persons making or party
to, or associated or affiliated with the other Persons making or party to, such stock or share purchase agreement or other business
combination), or (5) (I) reorganize, recapitalize or reclassify the Common Stock, (II) effect or consummate a stock combination,
reverse stock split or other similar transaction involving the Common Stock or (III) make any public announcement or disclosure
with respect to any stock combination, reverse stock split or other similar transaction involving the Common Stock (including,
without limitation, any public announcement or disclosure of (x) any potential, possible or actual stock combination, reverse
stock split or other similar transaction involving the Common Stock or (y) board or stockholder approval thereof, or the intention
of the Company to seek board or stockholder approval of any stock combination, reverse stock split or other similar transaction
involving the Common Stock), or (ii) any “person” or “group” (as these terms are used for purposes of
Sections 13(d) and 14(d) of the 1934 Act and the rules and regulations promulgated thereunder) is or shall become the “beneficial
owner” (as defined in Rule 13d-3 under the 1934 Act), directly or indirectly, of fifty percent (50%) of the aggregate ordinary
voting power represented by issued and outstanding Voting Stock of the Company.

 

    	 	25	 

     

    

 

(t)       “GAAP”
means United States generally accepted accounting principles, consistently applied.

 

(u)       “Indebtedness”
of any Person means, without duplication (A) all indebtedness for borrowed money, (B) all obligations issued, undertaken or assumed
as the deferred purchase price of property or services (including, without limitation, “capital leases” in accordance
with generally accepted accounting principles) (other than trade payables entered into in the ordinary course of business), (C)
all reimbursement or payment obligations with respect to letters of credit, surety bonds and other similar instruments, (D) all
obligations evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection
with the acquisition of property, assets or businesses, (E) all indebtedness created or arising under any conditional sale or
other title retention agreement, or incurred as financing, in either case with respect to any property or assets acquired with
the proceeds of such indebtedness (even though the rights and remedies of the seller or bank under such agreement are limited
to repossession or sale of such property), (F) all monetary obligations under any leasing or similar arrangement which, in connection
with generally accepted accounting principles, consistently applied for the periods covered thereby, is classified as a capital
lease, (G) all indebtedness referred to in clauses (A) through (F) above secured by (or for which the holder of such indebtedness
has an existing right, contingent or otherwise, to be secured by) any mortgage, lien, pledge, charge, security interest or other
encumbrance upon or in any property or assets (including accounts and contract rights) owned by any Person, even though the Person
which owns such assets or property has not assumed or become liable for the payment of such indebtedness, and (H) all Contingent
Obligations in respect of indebtedness or obligations of others of the kinds referred to in clauses (A) through (G) above.

 

    	 	26	 

     

    

 

(v)       “Liquidation
Event” means, whether in a single transaction or series of transactions, the voluntary or involuntary liquidation, dissolution
or winding-up of the Company or such Subsidiaries the assets of which constitute all or substantially all of the assets of the
business of the Company and its Subsidiaries, taken as a whole.

 

(w)      “Make-Whole
VWAP Period” shall have the meaning ascribed to such term in Section 5(b)(i).

 

(x)       “Material
Adverse Effect” means any material adverse effect on (i) the business, properties, assets, liabilities, operations (including
results thereof), condition (financial or otherwise) or prospects of the Company or any subsidiary, either individually or taken
as a whole, (ii) the transactions contemplated hereunder or (iii) the authority or ability of the Company to perform any of its
obligations hereunder.

 

(y)       “Options”
means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

 

(z)       “Parent
Entity” of a Person means an entity that, directly or indirectly, controls the applicable Person and whose common stock
or equivalent equity security is quoted or listed on an Eligible Market, or, if there is more than one such Person or Parent Entity,
the Person or Parent Entity with the largest public market capitalization as of the date of consummation of the Fundamental Transaction.

 

(aa)       “Person”
means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization,
any other entity or a government or any department or agency thereof.

 
   

(bb)     Reserved.

 
   

(cc)      
“Principal Market” means the OTCQB venture stage marketplace.

 
   

(dd)
“Redemption Amount” means, with respect to each Preferred Share, as of the applicable date of determination,
the sum of (1) the Stated Value thereof, plus (2) the Additional Amounts thereon as of such date of determination.

 

    	 	27	 

     

    

 

(ee)      “Redemption
Notices” means, collectively, the Triggering Event Redemption Notice and the Redemption Notice, and each of the foregoing,
individually, a “Redemption Notice”.

 

(ff)      
“Redemption Premium” means One Hundred Twenty-Five Percent (125%).

 

(gg)      “Redemption
Prices” means, collectively, the Triggering Event Redemption Price, the Installment Redemption Price, the Make-Whole
VWAP Price, and each of the foregoing, individually, a “Redemption Price”.

 

(hh)      “Redemption
Rate” means the quotient of the Redemption Amount divided by the Redemption price, as follows:

 

Redemption
Amount

Redemption
Price

 

(ii)      
“Registration Statement” means any registration statement relating
to an offering for the account of others under the Securities Act of any of the Company’s equity securities other than on
Form S-4 or Form S-8 (each as promulgated under the Securities Act) or their then equivalents relating to equity securities to
be issued solely in connection with any merger with or acquisition of any entity or business or equity securities issuable in
connection with the Company’s stock option or other employee benefit plans, filed by the Company with the SEC by the date
that is the six (6)-month anniversary of the last Closing (as defined in the Purchase Agreement) pursuant to the Purchase Agreement.

 

(jj)      
“Required Holders” means the holders of at least two-thirds of the outstanding Preferred Shares.

 

(kk)     “Rule
144” means Rule 144 promulgated by the SEC pursuant to the Securities Act of 1933, as amended, as such Rule may be amended
from time to time, or any similar rule or regulation hereafter adopted by the SEC having substantially the same effect as such
Rule.

 

(ll)      “SEC”
means the Securities and Exchange Commission or the successor thereto.

 

(mm)      
“Securities” means, collectively, the Preferred Shares and the shares of Common Stock issuable upon redemption
of the Preferred Shares.

 

(nn)      
“Securities Purchase Agreement” shall mean that certain Securities Purchase Agreement, dated February 13, 2017,
by and between the Company and the purchasers thereto.

 

    	 	28	 

     

    

 

(oo)      “Stated
Value” shall mean $1.00 per share, subject to adjustment for stock splits, stock dividends, recapitalizations, reorganizations,
reclassifications, combinations, subdivisions or other similar events occurring after the Initial Issuance Date with respect to
the Preferred Shares.

 

(pp)     Reserved.

 

(qq)      
“Subscription Date” means February 13, 2017.

 

(rr)      “Subsidiary”
or “Subsidiaries” means any direct or indirect, controlled subsidiary
of the Company, including, without limitation, all Subsidiaries executing those certain Subsidiary Guarantees executed as of even
date with the Securities Purchase Agreement, shall, where applicable, also include any direct or indirect subsidiary of the Company
formed or acquired after the date hereof. 

 

(ss)      “Successor
Entity” means the Person (or, if so elected by the Required Holders, the Parent Entity) formed by, resulting from or
surviving any Fundamental Transaction or the Person (or, if so elected by the Required Holders, the Parent Entity) with which
such Fundamental Transaction shall have been entered into.

 

(tt)      “Trading
Day” means any day on which the Common Stock is traded on the Principal Market, or, if the Principal Market is not the
principal trading market for the Common Stock, then on the principal securities exchange or securities market on which the Common
Stock is then traded, provided that “Trading Day” shall not include any day on which the Common Stock is scheduled
to trade on such exchange or market for less than 4.5 hours or any day that the Common Stock is suspended from trading during
the final hour of trading on such exchange or market (or if such exchange or market does not designate in advance the closing
time of trading on such exchange or market, then during the hour ending at 4:00:00 p.m., New York time) unless such day is otherwise
designated as a Trading Day in writing by the Required Holders.

 

(uu)      “Transaction
Documents” means this Certificate of Designations, the Securities Purchase Agreement, the Securities, and each of the
other agreements and instruments entered into or delivered by the Company or any of the Holders in connection with the transactions
contemplated thereby, all as may be amended from time to time in accordance with the terms hereof or thereof.

 

(vv)      
Reserved.

 

(ww)     “Voting
Stock” of a Person means capital stock of such Person of the class or classes pursuant to which the holders thereof
have the general voting power to elect, or the general power to appoint, at least a majority of the board of directors, managers,
trustees or other similar governing body of such Person (irrespective of whether or not at the time capital stock of any other
class or classes shall have or might have voting power by reason of the happening of any contingency).

 

    	 	29	 

     

    

 

(xx)      “VWAP”
means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market (or,
if the Principal Market is not the principal trading market for such security, then on the principal securities exchange or securities
market on which such security is then traded) during the five (5)-consecutive-Trading Day period beginning at 9:30:01 a.m., New
York time, on the first such Trading Day and ending at 4:00:00 p.m., New York time, on the fifth (5th) such Trading
Day as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar
volume-weighted average price of such security in the over-the-counter market on the OTC Bulletin Board for such security during
the same period beginning at 9:30:01 a.m., New York time, on the first such Trading Day and ending at 4:00:00 p.m., New York time,
on the fifth such Trading Day, as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security
by Bloomberg for such hours, the average of the mean average for such five-Trading Day period of the highest closing bid prices
and the mean average for such five-Trading Day period of the lowest closing ask prices of any of the market makers for such security
as reported by OTC Markets Group Inc. (formerly Pink Sheets LLC). If the VWAP cannot be calculated for such security on any of
the foregoing bases, the VWAP of such security on such date shall be the fair market value as mutually determined by the Company
and such Holder. If the Company and such Holder are unable to agree upon the fair market value of such security, then such dispute
shall be resolved in accordance with the procedures in Section 22. All such determinations shall be appropriately adjusted for
any stock dividend, stock split, stock combination or other similar transaction during such period.

 

24.       Disclosure.
Upon receipt or delivery by the Company of any notice in accordance with the terms of this Certificate of Designations, unless
the Company has in good faith determined that the matters relating to such notice do not constitute material, non-public information
relating to the Company or any of its Subsidiaries, the Company shall, publicly disclose on the next Trading Day such material,
non-public information on a Current Report on Form 8-K or otherwise. In the event that the Company believes that a notice contains
material, non-public information relating to the Company or any of its Subsidiaries, the Company so shall indicate to each Holder
contemporaneously with delivery of such notice, and in the absence of any such indication, each Holder shall be allowed to presume
that all matters relating to such notice do not constitute material, non-public information relating to the Company or its Subsidiaries.
Nothing contained in this Section 24 shall limit any obligations of the Company, or any rights of any Holder, under Section 4(i)
of the Securities Purchase Agreement.

 

    	 	30	 

     

    

 

IN
WITNESS WHEREOF, the Corporation has caused this Certificate of Designations of Series A Convertible Preferred Stock of BBooth,
Inc. to be signed by its Chief Executive Officer on this 13th day of February, 2017.

 

	 	BBOOTH,
    INC.
	 	     
	 	By:
    	 
	 	Name:
    	Rory
    J. Cutaia
	 	Title:
    	Chief
    Executive Officer

 

    	 	31	 

     

    

 

EXHIBIT
I

 

EXAMPLE
OF ISSUANCE OF 

INSTALLMENT
REDEMPTION PRICE MAKE-WHOLE SHARES*

 

On
the Installment Redemption Payment of Monday October 3, Holder is entitled to receive an installment of $78,750 (i.e.,
the Installment Redemption Payment multiplied by the Redemption Premium). The Company will pay Holder in shares of Common Stock
at the five (5) day- VWAP of the immediately prior five (5) Business Days to such date (i.e., Monday September 26 through
Friday September 30), which is $0.15. Holder is issued 525,000 shares of Common Stock on Monday October 3.

 

The
VWAP for the five (5) consecutive Business Days subsequent to September 30 (i.e., Monday October 3 through Friday October
7), is $0.13, which is less than $0.15. Accordingly, Holder is entitled to receive Installment Redemption Price Make-Wholes Shares.

 

The
amount of shares issued shall be $78,750 divided by $0.13 (the five (5) day-VWAP during the period of the five (5) consecutive
Business Days following September 30, (i.e., Monday October 3 through Friday October 7)) minus the original 525,000 shares
of Common Stock. The result is that Holder is entitled to receive 80,770 Installment Redemption Price Make-Whole Shares on Monday
October 10.

 

For
the avoidance of doubt, in the event that Holder elects to defer the receipt of the 80,770 Installment Redemption Price Make-Whole
Shares (due to the 4.99% limitations) to a future Installment Redemption Payment, any weekly VWAP increase shall not effect Holder’s
right to the 80,770 Installment Redemption Price Make-Whole Shares. For example, Holder elects to receive the 80,770 Installment
Redemption Price Make-Whole Shares on October 31 instead of on October 10; but the average VWAP for the week of October 10 through
October 14 is $0.16, the average VWAP for the week of October 17 through October 11 is $0.17, and the average VWAP for the week
of October 24 through October 28 is $0.18, the Holder shall still be entitled to receive 80,770 Installment Redemption Price Make-Whole
Shares based on the five (5) day- VWAP for the week of Monday October 3 through Friday October 7 (i.e., $0.13). However,
in the event that Holder elects to defer the receipt of the 80,770 Installment Redemption Price Make-Whole Shares (due to the
4.99% limitations) to a future Installment Redemption Payment and any VWAP for the five (5) consecutive Trading Days subsequent
to the Make-Whole VWAP Period decreases (i.e., the Subsequent Make-Whole VWAP Period), then Holder shall receive the Installment
Redemption Price Make-Whole Shares at a price equal to the VWAP during any Subsequent Make-Whole Period. For example, Holder elects
to receive the 80,770 Installment Redemption Price Make-Whole Shares on October 31 instead of on October 10; but the average VWAP
for the week of October 10 through October 14 is $0.12, then Holder shall still be entitled to receive 131,250 Installment Redemption
Price Make-Whole Shares based on the Subsequent Make-Whole VWAP Period (i.e., the five (5) day-VWAP for the week of Monday
October 10 through Friday October 4).

 

    	 	32	 

     

    

 

In
the event that the Company must pay the Installment Redemption Price Make-Whole Shares in cash, such Holder would receive a cash
payment equal to $10,500.10 (i.e., the product of 80,770 Installment Redemption Price Make-Whole Shares and $0.13). The
Holder is entitled to receive $10,500.10 on Monday October 10.**

 

 

 

*
The above example is strictly a hypothetical example and, as such, the stock prices listed above are not the actual stock prices
of the Company on the applicable dates.

 

**This
portion of the example assumes that the Subsequent Make-Whole VWAP Period is inapplicable.

 

    	 	33	 

     

    

 

EXHIBIT
II

 

BBOOTH,
INC. 

REDEMPTION
NOTICE

 

Reference
is made to the Certificate of Designations, Preferences and Rights of the Series A Convertible Preferred Stock of bBooth, Inc.
(the “Certificate of Designations”). In accordance with and pursuant to the Certificate of Designations, bBooth,
Inc., a Nevada corporation (the “Company”) shall redeem the number of shares of Series A Convertible Preferred
Stock, $0.0001 par value per share (the “Preferred Shares”), of the Company, indicated below, for cash or into
shares of common stock, $0.0001 value per share (the “Common Stock”), of the Company, as of the date specified
below.

 

Date
of Redemption: ____________________________________________________________

 

Number of Preferred Shares to be redeemed: _________________________________________

 

Share
certificate no(s). of Preferred Shares to be redeemed: ______________________________

 

Tax
ID Number (if applicable): ____________________________________________________

 

Redemption
Price: ______________________________________________________________

 

Cash
payment amount (if applicable): $______________________________________________

 

The
cash payment amount is (if applicable):

 

Cash
Dividends __________

Installment
Redemption Payment ________

Triggering
Event Redemption Payment __________

 

Equity
Conditions Failure: Yes ____ No ____

 

Number
of shares of Common Stock to be issued (if applicable): _________________________

 

The
shares of Common Stock to be issued are (if applicable):

 

Dividend
Shares ____

Installment
Redemption Shares ____

Installment
Redemption Make-Whole Shares ____

Shares
issued with respect to a Triggering Event Redemption Amount ____

Triggering
Event Make-Whole Shares ____

 

[Redemption
Notice continues on next page]

 

    	 	34	 

     

    

 

If
applicable, please issue the shares of Common Stock into which the Preferred Shares are being redeemed in the following name and
to the following address:

 

Issue
to: ______________________________________________________________________

 

Address:
______________________________________________________________________

 

Telephone
Number: _____________________________________________________________

 

Facsimile
Number: ______________________________________________________________

 

Holder:
_______________________________________________________________________

By:
__________________________________________________________________________

Title:
_________________________________________________________________________

Dated:
________________________________________________________________________

 

Account
Number (if electronic book entry-transfer): ___________________________________

 

Transaction
Code Number (if electronic book entry-transfer): ____________________________

 

    	 	35Exhibit

Exhibit 10.88

FORM OF STOCK OPTION AGREEMENT
FOR SENIOR VICE PRESIDENTS AND ABOVE
ADVANCED MICRO DEVICES, INC. 2004 EQUITY INCENTIVE PLAN
 
 

STOCK OPTION GRANT NOTICE
ADVANCED MICRO DEVICES, INC. 2004 EQUITY INCENTIVE PLAN
Advanced Micro Devices, Inc., a Delaware corporation (the “Company”), pursuant to its 2004 Equity Incentive Plan (as amended and restated, the “Plan”), hereby grants to the holder listed below (“Participant”) an option to purchase the number of Shares (as defined in the Plan) set forth below (the “Option”). The Option is subject to all of the terms and conditions set forth herein, in the Terms and Conditions to the Option (the “Terms and Conditions”), in any terms and conditions for Participant’s country set forth in the appendix thereto, as applicable (the “Appendix”) and in the Plan, each of which are incorporated herein by reference.
 
	
			
	 
	 
	 

	Participant:
	 
	 

	 
	 

	Grant Date:
	 
	 

	 
	 

	Exercise Price per
Share:
	 
	$

	 
	 

	Total Exercise Price:
	 
	$

	 
	 

	Total Number of
Shares
Subject to the Option:
	 
	shares

	 
	 

	Expiration Date:
	 
	 

	 
	 

	Type of Option:
	 
	  Incentive Stock Option       Non-Qualified Stock Option

	 
	 

	Vesting Schedule:
	 
	[To be specified in individual agreements]

By his or her signature below or by electronic acceptance or authentication in a form authorized by the Company, Participant agrees to be bound by the terms and conditions of the Plan, the Terms and Conditions, the Appendix and this Stock Option Grant Notice. Participant has reviewed the Plan, the Terms and Conditions, the Appendix and this Stock Option Grant Notice in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Stock Option Grant Notice and fully understands all provisions of the Plan, the Terms and Conditions, the Appendix and this Stock Option Grant Notice. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator (as defined in the Plan) upon any questions arising under the Plan, the Terms and Conditions, the Appendix or this Stock Option Grant Notice.
 

Exhibit 10.88

	
							
	 
	 
	 
	 
	 
	 
	 

	ADVANCED MICRO DEVICES, INC.
	 
	PARTICIPANT

	By:
	 
	 
	 
	By:
	 
	 

	Print Name:
	 
	 
	 
	Print Name:
	 
	 

	Title:
	 
	 
	 
	 
	 
	 

	Address:
	 
	 
	 
	Address:
	 
	 

 

Exhibit 10.88

TERMS AND CONDITIONS
STOCK OPTION AWARD
ADVANCED MICRO DEVICES, INC. 2004 EQUITY INCENTIVE PLAN
These Terms and Conditions (these “Terms and Conditions”), collectively with the Stock Option Grant Notice (the “Grant Notice”) and any country-specific terms and conditions contained in the Appendix hereto, as applicable (the “Appendix”), comprise your agreement (the “Agreement”) with Advanced Micro Devices, Inc., a Delaware corporation (the “Company”), regarding the grant of stock options (the “Options”) to purchase the number of shares of the Company’s common stock (the “Shares”), as set forth in the Grant Notice, at the exercise price per share set forth in the Grant Notice (the “Exercise Price”), awarded under the Advanced Micro Devices, Inc. 2004 Equity Incentive Plan (as amended and restated, the “Plan”). Capitalized terms not specifically defined herein have the same meanings assigned to them in the Plan.
1.     Vesting of Options. The Options will vest on the date(s) shown on the Grant Notice provided that you continue to be an active Service Provider through each vesting date.
2.     Exercise of Options.
(a) Right to Exercise. The Options are exercisable during their term in accordance with the vesting schedule set out in the Grant Notice and the applicable provisions of the Plan and the Agreement. The Options may only be exercised for whole Shares.
(b) Method of Exercise. Unless otherwise determined by the Administrator, the Options are exercisable during your lifetime only by you, and after your death only by your legal representative. The Options may only be exercised by the delivery to the Company of a properly completed written notice of exercise (the “Notice of Exercise”), in the form specified by the Administrator or its designee, which may be electronic or written. The Notice of Exercise must specify the number of Shares to be purchased and the Exercise Price for such Shares, together with payment in full of such aggregate Exercise Price and all applicable Tax-Related Items (as defined in Section 7). In the event the Options or a portion thereof are exercised by any person or persons other than you, the Options may only be exercised by the delivery to the Company of appropriate proof of the right of such person or persons to exercise the Options. Payment must be made in a manner permitted in Section 3 below or as authorized by the Administrator pursuant to the Plan and/or as specified in the Appendix. The Options may not be exercised unless you agree to be bound by such documents as the Administrator may reasonably require, including all Award Documentation. The Notice of Exercise must be received by the Company prior to the termination or expiration of the Option.
(c) Exercise Price. The Exercise Price shall be as set forth in the Grant Notice, without commission or other charge; provided, however, that the price per Share subject to the Options shall not be less than 100% of the Fair Market Value of a Share on the Grant Date. Notwithstanding the foregoing, if these Options are designated as Incentive Stock Options and you own (within the meaning of Section 424(d) of the Code) more than 10% of the total combined voting power of all classes of stock of the Company or any “subsidiary corporation” of the Company or any “parent corporation” of the Company (each within the meaning of Section 424 of the Code), the price per Share subject to the Options shall not be less than 110% of the Fair Market Value of a Share on the Grant Date.
 
The Administrator may deny any exercise otherwise permitted hereunder if the Administrator determines, in its discretion, that such exercise could result in a violation of U.S. federal, state or foreign securities laws.
3.     Method of Payment. Payment of the aggregate Exercise Price must be by any of the following, or a combination thereof, unless provided otherwise in the Appendix:
(a)        cash; certified cashier’s check; or wire transfer;

Exhibit 10.88

(b)    as permitted by Applicable Laws, through a sale and remittance procedure pursuant to which you (or any other person or persons exercising the Option) provided irrevocable instructions (A) to a Company-designated brokerage firm to effect the immediate sale of the purchased Shares and remit to the Company, out of the sale proceeds available on the settlement date, sufficient funds to cover the Exercise Price payable for the purchased Shares plus all applicable Tax-Related Items (as defined in Section 7 below) and (B) to the Company to deliver the certificates for the purchased Shares directly to such brokerage firm in order to complete the sale;
(c)        surrender of Shares held by you that have an aggregate Fair Market Value on the date of surrender equal to the aggregate Exercise Price;
(d)    any other method authorized by the Administrator.
4.     Nontransferability of Options. The Options may not be pledged, assigned, sold or otherwise transferred other than by will or by the laws of descent and distribution, unless and until the Shares underlying the Options have been issued, and all restrictions applicable to such Shares have lapsed. Neither the Options nor any interest or right therein shall be liable for the debts, contracts or engagements of you or your successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect, except to the extent that such disposition is permitted by the preceding sentence. The terms of the Plan and the Agreement will be binding upon your executors, administrators, heirs, successors and assigns.
5.     Term of Option. The Options may be exercised only within the term set out in the Grant Notice, which shall in no event be more than seven years from the Grant Date, and may be exercised during such term only in accordance with the Plan and the terms of the Agreement. If these Options are designated as Incentive Stock Options and you owned (within the meaning of Section 424(d) of the Code), at the time the Options were granted, more than 10% of the total combined voting power of all classes of stock of the Company or any “subsidiary corporation” of the Company or any “parent corporation” of the Company (each within the meaning of Section 424 of the Code), the term shall be in no event more than five years from the Grant Date.
6.     Termination as a Service Provider.
(a)        Termination Generally. If your status as an active Service Provider terminates for any reason, other than death or Disability or for Misconduct, vested Options may be exercised at any time before the earlier of the expiration date set forth in the Grant Notice or (i) the date that is twelve (12) months after your date of termination if you have been serving as a vice president or Officer for at least ninety (90) days or (ii) the date that is three (3) months after your date of termination if you have not been serving as a vice president or Officer for at least ninety (90) days. 
(b)    Extended Post-Termination Exercise Period.  Notwithstanding the provisions of Section 6(a) and provided you do not terminate your status as an active Service Provider to work for a Competitive Organization or Business (as defined in Section 30):
(i)        if you have not been a vice president or Officer for at least ninety (90) days (or not at all) and are age fifty (50) or older when your status as an active Service Provider terminates for any reason, other than death, Disability or Misconduct, and you have at least fifteen (15) years of service but less than twenty (20) years of service, you will have fifteen (15) months to exercise vested Options after termination as a Service Provider;
(ii)    if you have not been a vice president or Officer for at least ninety (90) days (or not at all) and are age fifty (50) or older when your status as an active Service Provider terminates for any reason, other than death, Disability or Misconduct, and you have twenty (20) years or more of service, you will have twenty-seven (27) months to exercise vested Options after termination as a Service Provider;

Exhibit 10.88

(iii)    if you have been a vice president or Officer for at least ninety (90) days and are age fifty (50) or older when your status as an active Service Provider terminates for any reason, other than death, Disability or Misconduct, and you have at least fifteen (15) years of service but less than twenty (20) years of service, you will have twenty-four (24) months to exercise vested Options after termination as a Service Provider; and
(iv)    if you are have been a vice president or Officer for at least ninety (90) days and are age fifty (50) or more when your status as an active Service Provider terminates for any reason, other than death, Disability or Misconduct, and you have twenty (20) years or more of service, you will have thirty-six (36) months to exercise vested Options after termination as a Service Provider; provided, however, that in no case will any post-termination exercise period extend beyond the expiration date set forth in the Grant Notice.
(c)        Termination Due to Death or Disability. If your status as an active Service Provider terminates due to your death or Disability (as defined in the Plan) and you were a Service Provider for at least fifteen (15) years, your Options will vest as follows:
(ii)    if you are on an unapproved leave of absence, any Options that would have vested in the calendar year in which your leave began are immediately vested; or
(ii)    if you are not on an unapproved leave of absence (i.e., you are on an approved leave of absence or you are serving as an active Service Provider), any Options that would have vested in the calendar year of your death or Disability are immediately vested. You (or your heirs, as applicable) will generally have twelve (12) months from the date your status as a Service Provider is terminated due to death or Disability to exercise any vested Options. However, if you are aged fifty (50) or more and have at least fifteen (15) years of service but less than twenty (20) years of service when your status as a Service Provider is terminated due to death or Disability, you (or your heirs) will have twenty-four (24) months from the date your status as a Service Provider is terminated to exercise any vested Options (provided that you do not go to work for a competitor of the Company, in which case you (or your heirs) will have twelve (12) months from the date your status as a Service Provider is terminated to exercise any vested Options). If you are aged fifty (50) or more and have at least twenty (20) years of service when your status as a Service Provider is terminated due to death or Disability, you (or your heirs) will have thirty-six (36) months from the date your status as a Service Provider is terminated to exercise any vested Options (provided that you do not go to work for a competitor of the Company, in which case you (or your heirs) will have twelve (12) months from the date your status as a Service Provider is terminated to exercise any vested Options). In no case will the post-termination exercise periods extend beyond the term limit for the Options as set out in the Grant Notice.
(d)     Nondiscriminatory Intent. If the Company determines that the post-termination exercise period extensions described in Sections 6(b) or Section 6(c) could be deemed unlawful as discriminatory, then the Company will not apply the extensions and the Options will be treated as they would under the remaining provisions of this Section 6.
(e)     Termination due to Misconduct. If your status as an active Service Provider is terminated due to Misconduct (as defined in the Plan), the Company reserves the right to cancel all of your Options, whether vested or unvested.
7.     Responsibility for Taxes. Regardless of any action the Company or, if different, your employer (the “Employer”) takes with respect to any or all income tax, social insurance, payroll tax, fringe benefit tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), you acknowledge that the ultimate liability for all Tax-Related Items is and remains your responsibility and may exceed the amount actually withheld by the Company or the Employer. You further acknowledge that the Company and/or the Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Options, including, but not limited to, the grant, vesting or exercise of the Options, the issuance of Shares upon exercise of the Options, the subsequent sale of Shares acquired pursuant to such exercise and the receipt of any dividends; and (2) do not commit to and are under no obligation to structure the terms of the Award or any aspect of the Options to reduce or eliminate your liability for 

Exhibit 10.88

Tax-Related Items or achieve any particular tax result. Further, if you are subject to tax in more than one jurisdiction, you acknowledge that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction.
Prior to any relevant taxable or tax withholding event, as applicable, you will pay or make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items (including hypothetical withholding tax amounts if you are covered under a Company tax equalization policy). In this regard, you authorize the Company and/or the Employer, or their respective agents, at their discretion, to satisfy their withholding obligations with regard to all Tax-Related Items by one or a combination of the following:

(a)withholding from your wages or other cash compensation paid to you by the Company and/or the Employer;

(b)withholding from the proceeds of the sale of Shares acquired upon exercise of the Option, either through a voluntary sale (specifically including where you exercise this Option in accordance with Section 3(b) above) or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization) without your further consent or direction;

(c)withholding in Shares to be issued upon exercise of the Options; or

(d)payment in cash, certified or cashier’s check, or wire transfer of the Tax-Related Items at the time of exercise.

Depending on the withholding method, the Company may withhold or account for Tax-Related Items by considering applicable statutory withholding rates, including maximum applicable rates, in which case you may receive a refund of any over-withheld amount in cash and will have no entitlement to the equivalent amount in Shares. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the exercise, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of your participation in the Plan.
If you are covered by a Company tax equalization policy, you agree to pay to the Company any additional hypothetical tax obligation calculated and paid under the terms and conditions of such tax equalization policy. Finally, you must pay to the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to honor the exercise or deliver the Shares or the proceeds of the sale of Shares, if you fail to comply with your obligations in connection with the Tax-Related Items.
8.     Other Terms and Conditions.
(a)     The Plan. The Agreement is further subject to the terms and provisions of the Plan. Only certain provisions of the Plan are described in the Agreement. As a condition to your receipt and exercise of the Options, you acknowledge and agree to the terms and conditions of the Agreement and the terms and provisions of the Plan.

(b)     Stockholder Rights. Until the Shares are issued upon exercise, you have no right to vote or receive dividends or any other rights as a stockholder with respect to the Options.
(c)     Employment Relationship. Nothing in the Agreement will confer on you any right to continue in the employ of the Company or the Employer or interfere with or restrict rights of the Company or the Employer, which are hereby expressly reserved, to terminate your employment at any time.

Exhibit 10.88

(d)     Change of Control. If your employment is terminated by the Company or the Employer for any reason other than for Misconduct or, if applicable, by you as a result of a Constructive Termination, within one year after a Change of Control, then the Options will become fully vested upon the date of termination.
(e)     Declination of Options. If you wish to decline your Options, you must complete and file the Declination of Grant form with Corporate Compensation and Benefits by the deadline for such declination. Your declination is non-revocable, and you will not receive any other benefits or compensation as replacement for the declined Options.
(f)     Recovery in the Event of a Financial Restatement. In the event the Company is required to prepare an accounting restatement due to the material noncompliance of the Company with any financial reporting requirement under applicable securities laws, the Administrator will review all equity-based compensation (including the Options) awarded to employees at the Senior Vice President level and above. If the Administrator (in its sole discretion) determines that you were directly involved with fraud, misconduct or gross negligence that contributed to or resulted in such accounting restatement, the Administrator may, to the extent permitted by governing law and as appropriate under the circumstances, recover for the benefit of the Company all or a portion of the equity-based compensation awarded to you, including (without limitation) by cancelation, forfeiture, repayment and disgorgement of profits realized from the sale of securities of the Company; provided, however, the Administrator will not have the authority to recover any equity-based compensation awarded more than 18 months prior to the date of the first public issuance or filing with the U.S. Securities and Exchange Commission (the “SEC”) (whichever first occurs) of the financial document embodying such financial reporting requirement. In determining whether to seek recovery, the Administrator may take into account any considerations it deems appropriate, including Applicable Laws and whether the assertion of a recovery claim may prejudice the interests of the Company in any related proceeding or investigation.
(g) Incentive Stock Options. If you are a U.S. taxpayer and your Options are designated as Incentive Stock Options, you hereby acknowledge that, to the extent that the aggregate Fair Market Value (determined as of the time the Options are granted) of all Shares with respect to which Incentive Stock Options, including the Options (if applicable), are exercisable for the first time by you in any calendar year exceeds $100,000, the Options and such other options shall be Non-Qualified Stock Options to the extent necessary to comply with the limitations imposed by Section 422(d) of the Code. You further acknowledge that the rule set forth in the preceding sentence shall be applied by taking the Options and other “incentive stock options” into account in the order in which they were granted, as determined under Section 422(d) of the Code and the Treasury Regulations thereunder. You acknowledge that an Incentive Stock Option exercised more than three months after your termination of employment, other than by reason of death or Disability, will be taxed as a Non-Qualified Stock Option.
 
9.     Nature of Grant. In accepting the grant, you acknowledge, understand and agree that:
(a)     the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time;
(b)     the grant of the Options is voluntary and occasional and does not create any contractual or other right to receive future grants of Options, or benefits in lieu of Options, even if Options have been granted in the past;
(c)     all decisions with respect to future Option grants, if any, will be at the sole discretion of the Company;
(d)     your participation in the Plan will not create a right to further employment with the Company or the Employer and will not interfere with the ability of the Company or the Employer to terminate your employment relationship at any time;
(e)     you are voluntarily participating in the Plan;

Exhibit 10.88

(f)     the Options and the Shares subject to the Options, and the value of income of such Options and Shares, are not intended to replace any pension rights or compensation;
(g)     the Options and the Shares subject to the Options, and the value of income of such Options and Shares, are not part of normal or expected compensation or salary for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments;
(h)     the Option grant and your participation in the Plan will not be interpreted to form an employment contract or other service relationship with the Company, the Employer or any of their respective Parents, Subsidiaries or Affiliates;
(i)     the future value of the underlying Shares is unknown and cannot be predicted with certainty;
(j)     if the underlying Shares do not increase in value, the Options will have no value;
(k)     if you exercise the Options and obtain Shares, the value of the Shares acquired upon exercise may increase or decrease in value, even below the Exercise Price;
(l)     no claim or entitlement to compensation or damages will arise from forfeiture of the Options resulting from termination of your status as a Service Provider (for any reason whatsoever and whether or not in breach of Applicable Laws), and in consideration of the grant of the Options to which you are otherwise not entitled, you irrevocably agree never to institute any claim against the Company, the Employer, any Parent or any of their respective Parents, Subsidiaries or Affiliates, waive your ability, if any, to bring such claim against the Company, the Employer or any of their respective Parents, Subsidiaries or Affiliates, and release the Company, the Employer and any of their respective Parents, Subsidiaries or Affiliates from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, you will be deemed irrevocably to have agreed not to pursue such claim and agree to execute any and all documents necessary, or reasonably requested by the Company, to request dismissal or withdrawal of such claims;
(m)     in the event of termination of your status as a Service Provider (for any reason whatsoever and whether or not in breach of Applicable Laws), your right to vest in the Options under the Plan, if any, will terminate effective as of the date that you are no longer actively employed or providing services and will not be extended by any notice period mandated under applicable local laws (e.g., active employment or service would not include a period of “garden leave” or similar period pursuant to Applicable Laws); the Administrator will have the exclusive discretion to determine when you are no longer actively employed or providing services for purposes of your Options (including whether you may still be considered to be providing services while on a leave of absence);
(n)     the Options and the benefits under the Plan, if any, will not automatically transfer to another company in the case of a merger of the Company with or into another company or the sale of substantially all of the assets of the Company; and
(o)     the following provisions apply only if you are providing services outside the United States:
(i) the Options and the Shares subject to the Options, and the value and income of same, are not part of normal or expected compensation or salary for any purpose; and
(ii) none of the Company, the Employer, or any of their respective Parents, Subsidiaries or Affiliates will be liable for any foreign exchange rate fluctuation between any local currency and the United States Dollar that may affect the value of the Options, any amounts due to you pursuant to the exercise of the Options or the subsequent sale of any Shares acquired upon exercise.
10.     No Advice Regarding Grant. The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding your participation in the Plan, or your acquisition or sale of the 

Exhibit 10.88

underlying Shares. You are hereby advised to consult with your own personal tax, legal and financial advisors regarding your participation in the Plan before taking any action related to the Plan.
11.     Data Privacy. You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in the Agreement and any other Award Documentation by and among, as applicable, the Employer, the Company, and their respective Parents, Subsidiaries and Affiliates for the exclusive purpose of implementing, administering and managing your participation in the Plan.
 
You understand that the Company and the Employer may hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any Shares or directorships held in the Company, details of all Options or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the exclusive purpose of implementing, administering and managing the Plan (“Data”).
You understand that Data may be transferred to a Company-designated Plan broker, or such other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan. You understand that the recipients of the Data may be located in the United States or elsewhere, and that the recipients’ country (e.g., the United States) may have different data privacy laws and protections than your country. You understand that if you reside outside the United States, you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the Company, its Plan broker and any other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing your participation in the Plan. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the Plan. You understand that if you reside outside the United States, you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing your local human resources representative. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your employment status or service and career with the Company or Employer will not be adversely affected; the only adverse consequence of refusing or withdrawing your consent is that the Company would not be able to grant you Options or other equity awards or administer or maintain such awards. Therefore, you understand that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative.
12.     Compliance with Laws and Regulations; Claw-Back Policy. The issuance and transfer of the Shares will be subject to and conditioned upon compliance by the Company and you with all applicable state, federal and foreign laws and regulations and with all applicable requirements of any stock exchange or automated quotation system on which the Company’s Common Stock may be listed or quoted at the time of such issuance or transfer; and, you understand that the Company shall not be required to issue or deliver any Shares purchased upon the exercise of the Options or portion thereof prior to fulfillment of the following conditions: (a) the admission of such Shares to listing on all stock exchanges on which the Company’s common stock is then listed; (b) the completion of any registration or other qualification of such Shares under any state or federal law or under rulings or regulations of the SEC or of any other governmental regulatory body, which the Administrator shall, in its absolute discretion, deem necessary or advisable; (c) the obtaining of any approval or other clearance from any state or federal governmental agency which the Administrator shall, in its absolute discretion, determine to be necessary or advisable; and (d) the lapse of such reasonable period of time following the exercise of the Option as the Administrator may from time to time establish for reasons of administrative convenience. The Shares deliverable upon the exercise of the Options shall be fully paid and nonassessable. You understand that the Company is under no obligation to register or qualify the Shares with the SEC or any state or foreign securities commission or to seek 

Exhibit 10.88

approval or clearance from any governmental authority for the issuance or sale of the Shares. Further, you agree that the Company has unilateral authority to amend the Plan and the Agreement without your consent to the extent necessary or advisable to comply with Applicable Laws. Further, and notwithstanding the foregoing, the Options (including any proceeds, gains or other economic benefit actually or constructively received by you under the Options or upon the receipt or resale of any Shares issued upon exercise of the Options) shall be subject to the provisions of any claw-back policy implemented by the Company, including, without limitation, any claw-back policy adopted to comply with the requirements of applicable law, including without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or regulations promulgated thereunder, to the extent set forth in such claw-back policy.
13.     Successors and Assigns. The Company may assign any of its rights under the Agreement. The Agreement will be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer contained herein, the Agreement will be binding upon you and your heirs, executors, administrators, legal representatives, successors and assigns.
14.     Administrator Authority. The Administrator has the power to interpret the Plan and the Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Shares subject to the Options have vested). All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon you, the Company and all other interested persons. The Administrator will not be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or the Agreement.
15.     Governing Law; Jurisdiction; Severability. The Agreement is to be governed by and construed in accordance with the internal laws of the State of California as such laws are applied to agreements between California residents entered into and to be performed entirely within California, excluding that body of laws pertaining to conflict of laws. For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by any grant of Options or the Agreement, the Company and you hereby submit to and consent to the exclusive jurisdiction of the State of California and agree that such litigation will be conducted only in the courts of Santa Clara County, California, or the federal courts for the United States for the Northern District of California, where this grant is made and/or to be performed. If any provision of the Agreement is determined by a court of law to be illegal or unenforceable, in whole or in part, that provision will be enforced to the maximum extent possible and the other provisions will remain fully effective and enforceable.
16.     Further Instruments. The parties agree to execute further instruments and to take further actions as may be reasonably necessary to carry out the purposes and intent of the Agreement.
17.     Language. If you have received the Agreement or any other Award Documentation translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control.
18.     Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. You hereby consent to receive such documents by electronic delivery and agree to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company.

19.     Imposition of Other Requirements. The Company reserves the right to impose other requirements on your participation in the Plan, on the Options and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with Applicable Laws or facilitate the administration of the Plan, and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

Exhibit 10.88

20.     Headings. The captions and headings of the Agreement are included for ease of reference only and will be disregarded in interpreting or construing the Agreement. All references herein to Sections will refer to Sections of these Terms and Conditions, unless otherwise noted.
21.     Appendix. Notwithstanding any provisions in the Award Documentation, the Options grant will be subject to any special terms and conditions for your country set forth in an Appendix to these Terms and Conditions. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country will apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons. The Company reserves the right to require you to sign any additional agreements or undertakings that may be necessary to accomplish the forgoing. The Appendix constitutes part of the Agreement.
22.     Waiver. You acknowledge that a waiver by the Company of breach of any provision of the Agreement will not operate or be construed as a waiver of any other provision of the Agreement, or of any subsequent breach by you or any other Participant.
23.     Entire Agreement. The Plan, these Terms and Conditions, the Appendix and the Grant Notice constitute the entire agreement and understanding of the parties with respect to the subject matter of the Agreement, and supersede all prior understandings and agreements, whether oral or written, between the parties with respect to the specific subject matter hereof.
24.     Insider Trading Restrictions/Market Abuse Laws. You acknowledge that, depending on your country of residence, you may be subject to insider trading restrictions and/or market abuse laws, which may affect your ability to acquire or sell Shares or rights to Shares under the Plan during such times as you are considered to have “inside information” regarding the Company (as defined by the laws in your country). Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Company insider trading policy. You acknowledge that it is your responsibility to comply with any applicable restrictions, and you are advised to speak to your personal advisor on this matter.
25.     Notices. Any notice to be given under the terms of the Agreement to the Company shall be addressed to the Company in care of the Secretary of the Company at the Company’s principal office, and any notice to be given to you shall be addressed to you at your last address reflected on the Company’s records. By a notice given pursuant to this Section 25, either party may hereafter designate a different address for notices to be given to that party. Any notice which is required to be given to you shall, if you are then deceased, be given to the person entitled to exercise the Option by written notice under this Section 25. Any notice shall be deemed duly given when sent via email or when sent by certified mail (return receipt requested) and deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal Service or similar local service in jurisdictions outside of the United States.

26.     Limitations Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan or the Agreement, if you are subject to Section 16 of the Exchange Act, the Plan, the Option and the Agreement shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by Applicable Laws, the Agreement shall be deemed amended to the extent necessary to conform to such applicable exemptive rule.
27.     Section 409A. The Options are not intended to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code (together with any U.S. Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the date hereof, “Section 409A”). However, notwithstanding any other provision of the Plan or the Agreement, if at any time the Administrator determines that the Options (or any portion thereof) may be subject to Section 409A, the Administrator shall have the right in its sole discretion (without any obligation to do so or to indemnify you or any other person for failure to do so) to adopt such amendments to the Plan or the Agreement, or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take 

Exhibit 10.88

any other actions, as the Administrator determines are necessary or appropriate either for the Options to be exempt from the application of Section 409A or to comply with the requirements of Section 409A.
28.     Limitation on Your Rights. Participation in the Plan confers no rights or interests other than as herein provided. The Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. You shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the Options, and rights no greater than the right to receive the Shares as a general unsecured creditor with respect to options, as and when exercised pursuant to the terms hereof.
29.     Notification of Disposition. If these Options are designated as Incentive Stock Options, you shall give prompt notice to the Company of any disposition or other transfer of any Shares acquired under the Agreement if such disposition or transfer is made (a) within two years from the Grant Date with respect to such Shares or (b) within one year after the transfer of such Shares to you. Such notice shall specify the date of such disposition or other transfer and the amount realized, in cash, other property, assumption of indebtedness or other consideration, by you in such disposition or other transfer.
30.     Termination, Rescission and Recapture.  The Options are intended to align your long-term interests with the long-term interests of the Company. If you engage in certain activities discussed below, either during employment with the Company or after such employment terminates for any reason, the Company may terminate any outstanding, unexercised, unexpired or unpaid Options (“Termination”), rescind any exercise, payment or delivery pursuant to the Options (“Rescission”) or recapture any cash or any Shares or proceeds from your sale of Shares acquired pursuant to the Options (“Recapture”), as more fully described below and to the extent permitted by Applicable Laws.  For purposes of this Section 30, Competitive Organization or Business is defined as those corporations, institutions, individuals, or other entities identified by the Company as competitive or working to become competitive in the Company’s most recently filed annual report on Form 10-K.
(a)          You are acting contrary to the long-term interests of the Company if you fail to comply with any agreement or undertaking regarding inventions, intellectual property rights, and/or proprietary or confidential information or material that you signed or otherwise agreed to in favor of the Company.
(b)      You are acting contrary to the long-term interests of the Company if, during the restricted period set forth below, you engage in any of following activities in, or directed into, any State, possession or territory of the United States of America or any country in which the Company operates, sells products or does business:
(i)     while employed by the Company, you render services to or otherwise directly or indirectly engage in or assist, any Competitive Organization or Business;
(ii)     while employed by the Company or at any time thereafter, without the prior written consent of the Compensation Committee of the Board, you (A) use any confidential information or trade secrets of the Company to render services to or otherwise engage in or assist any Competitive Organization or Business or (B) solicit away or attempt to solicit away any customer or supplier of the Company if in doing so, you use or disclose any of the Company’s confidential information or trade secrets;
  
(iii)     while employed by the Company or during a period of twelve (12) months thereafter, without the prior written consent of the Board, you carry on any business or activity (whether directly or indirectly, as a partner, shareholder, principal, agent, director, affiliate, employee or consultant) that is a Competitive Organization or Business (as conducted now or during the term of this Agreement);  

(iv)     while employed by the Company or during the period of twelve (12) months thereafter, without the prior written consent of the Board, you solicit away or influence or attempt to influence or solicit away any client, customer or other person either directly or indirectly to direct his/her or its purchase of the Company’s products and/or services to any Competitive Organization or Business; or

Exhibit 10.88

(v)      while employed by the Company or during a period of twelve (12) months thereafter, without the prior written consent of the Board, you solicit or influence or attempt to influence or solicit any person employed by the Company or any consultant then retained by the Company to terminate or otherwise cease his/her employment or consulting relationship with the Company or become an employee of or perform services for any outside organization or business that is or is working to become competitive with the Company.
The activities described in this Section 30(b) are collectively referred to as “Activities Against the Company’s Interest.”
(c)     If the Company determines, in its sole and absolute discretion, that: (i) you have violated any of the requirements set forth in Section 30(a) above or (ii) you have engaged in any Activities Against the Company’s Interest (the date on which such violation or activity first occurred being referred to as the “Trigger Date”), then the Company will, in its sole and absolute discretion, impose a Termination, Rescission and/or Recapture of any or all of the Options, the Shares issued to you upon the exercise of the Options or the proceeds you received therefrom, provided, that such Termination, Rescission and/or Recapture shall not apply to the Options, the Shares issued to you upon exercise of Options, to the extent that such Options was exercised earlier than one (1) year prior to the Trigger Date. Within ten days after receiving notice from the Company that Rescission or Recapture is being imposed on any Option, you shall deliver to the Company the Shares acquired pursuant to the Option, or, if you have sold such Common Stock, the gain realized, or payment received as a result of the rescinded exercise, payment, or delivery; provided, that if you return Common Stock that you purchased pursuant to the exercise of the Option (or the gains realized from the sale of such Common Stock), the Company shall promptly refund the exercise price, without earnings, that you paid for the Common Stock. Any payment by you to the Company pursuant to this Section 30(c) shall be made either in cash or by returning to the Company the number of shares of Common Stock that you received in connection with the rescinded exercise, payment, or delivery. It shall not be a basis for Termination, Rescission or Recapture if after your termination of employment, you purchase, as an investment or otherwise, stock or other securities of an organization or business in competition with the Business of the Company, so long as (i) such stock or other securities are listed upon a recognized securities exchange or traded over-the-counter, and (ii) such investment does not represent more than a one percent equity interest in the organization or business.
(d)     Upon exercise of the Option or payment or delivery of Shares pursuant to the Option, you shall, if requested by the Company, certify on a form acceptable to the Company that you are in compliance with the terms and conditions of this Agreement and, if you are no longer a Service Provider, shall state the name and address of your then-current employer or any entity for which you perform business services and your title, and shall identify any organization or business in which you own a greater-than-one-percent equity interest.
(e)     Notwithstanding the foregoing provisions of this Section 30, in exceptional cases, the Company has sole and absolute discretion not to require Termination, Rescission and/or Recapture, and its determination not to require Termination, Rescission and/or Recapture with respect to any particular act by you or the Options shall not in any way reduce or eliminate the Company’s authority to require Termination, Rescission and/or Recapture with respect to any other act by you or other stock options or awards.
(f)     Nothing in this Section 30 shall be construed to impose obligations on you to refrain from engaging in lawful competition with the Company after the termination of employment.  For the avoidance of doubt, you acknowledge that this Section 30(f) shall not limit or supersede any other agreement between you and the Company concerning restrictive covenants.
(g)     All administrative and discretionary authority given to the Company under this Section 30 shall be exercised by the Compensation Committee of the Board, or an executive officer of the Company as the Compensation Committee may designate from time to time.
(h)     Notwithstanding any provision of this Section 30, if any provision of this Section 30 is determined to be unenforceable or invalid under any Applicable Laws, such provision will be applied to the maximum extent 

Exhibit 10.88

permitted by Applicable Laws, and shall automatically be deemed amended in a manner consistent with its objectives to the extent necessary to conform to any limitations required under Applicable Laws. Furthermore, if any provision of this Section 30 is illegal under any Applicable Laws, such provision shall be null and void to the extent necessary to comply with Applicable Laws.
(i)     Notwithstanding the foregoing, this Section 30 shall not be applicable to you from and after your termination of employment if such termination of employment occurs after a Change of Control.
By signing the Grant Notice or otherwise accepting the Option grant and any Shares acquired at exercise of the Options, you agree to be bound by terms of the Agreement and the Plan.
 

Exhibit 10.88

 

APPENDIX
Terms and Conditions
Stock Option Award
Advanced Micro Devices, Inc. 2004 Equity Incentive Plan
Capitalized terms not specifically defined in this Appendix (this “Appendix”) have the same meaning assigned to them in the Advanced Micro Devices, Inc. 2004 Equity Incentive Plan (as amended and restated, the “Plan”) and/or the Terms and Conditions to which this Appendix is attached (the “Terms and Conditions”).
Terms and Conditions
This Appendix includes additional terms and conditions that govern the grant of Options in your country. If you are a citizen or resident of a country other than the one in which you are currently residing and/or working, transfer residency and/or employment to another country after the grant but prior to the vesting and/or exercise of the Options or are considered a resident of another country for local law purposes, the Company may, in its discretion, determine to what extent the additional terms and conditions contained herein will be applicable to you.
Notifications
This Appendix also includes information regarding exchange controls and certain other issues of which you should be aware with respect to your participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective countries as of August 2016. Such laws are often complex and change frequently. As a result, the Company strongly recommends that you not rely on the information noted herein as the only source of information relating to the consequences of your participation in the Plan because the information may be out of date at vesting or exercise of the Options, receipt of any dividends or the subsequent sale of the Shares.
In addition, the information is general in nature and may not apply to your particular situation, and the Company is not in a position to assure you of any particular result. Accordingly, you should seek appropriate professional advice as to how the relevant laws in your country may apply to your situation.
If you are a citizen or resident of a country other than the one in which you are currently residing and/or working, transfer residency and/or employment to another country after the Options are granted to you or are considered a resident of another country for local law purposes, the information contained herein may not be applicable to you.
 

Exhibit 10.88

ARGENTINA
Notifications
Securities Law Information. Neither the Options nor the Shares underlying the Options are publicly offered or listed on any stock exchange in Argentina. The offer is private and not subject to the supervision of any Argentine governmental authority.
Exchange Control Information. Depending upon the method of exercise, you may be subject to restrictions with respect to the purchase and/or transfer of U.S. dollars pursuant to Argentine currency exchange regulations. The Company reserves the right to restrict the methods of exercise if required under Argentine laws. 
Under current regulations adopted by the Argentine Central Bank (the “BCRA”), you may purchase and remit foreign currency with a value of up to a certain maximum amount per month for the purpose of acquiring foreign securities, including Shares under the Plan, without prior approval from the BCRA. However, you must register the purchase with the BCRA and execute and submit an affidavit to the entity selling the foreign currency confirming that you have not purchased and remitted funds in excess of the maximum amount during the relevant month.
Exchange control regulations in Argentina are subject to frequent change.  Prior to exercising the Options or transferring sale proceeds into Argentina, you should consult your local bank and/or personal legal advisor to confirm the applicable requirements. You should note that the interpretations of the applicable BCRA regulations vary by bank and that exchange control rules and regulations are subject to change without notice.  You are solely responsible for complying with the exchange control laws that may apply to you in connection with your participation in the Plan.
Foreign Asset/Account Reporting Information. You must report any equity interests you hold in a foreign company (e.g., Shares acquired under the Plan) as of December 31 each year to the Argentine tax authorities on your annual tax return.  
BELGIUM
Terms and Conditions
Taxation of Option. The Options must be accepted in writing either (i) within 60 days of the offer date (i.e., the date the written grant terms are communicated to you) (for tax at offer), or (ii) after 60 days following the offer date (for tax at exercise). You have received a separate offer letter and undertaking form in addition to the Agreement and should refer to the offer letter for a more detailed description of the tax consequences corresponding with when you accept the Options. You should consult with your personal tax advisor regarding taxation of the Options and completion of the additional forms.
Notifications
Foreign Asset/Account Reporting Information. If you are a resident of Belgium, you are required to report any securities (e.g., Shares acquired under the Plan) or bank accounts (including brokerage accounts) opened and maintained outside of Belgium, on your annual tax return.  In a separate report, you are also required to provide the National Bank of Belgium with the account details of any foreign accounts (including the account number, bank name and country in which any such account was opened).
BRAZIL
Terms and Conditions
Nature of Grant. The following provisions supplement Section 9 of the Terms and Conditions:
By accepting and/or exercising the Options, you acknowledge, understand and agree that (i) you are making an investment decision, (ii) you will be entitled to exercise the Options, and receive Shares pursuant to the Options, only if the vesting conditions are met and any necessary services are rendered by you between the Grant Date and 

Exhibit 10.88

the vesting date(s), and (iii) the value of the underlying Shares is not fixed and may increase or decrease without compensation to you. 
Compliance with Laws. By accepting the Options, you agree that you will comply with Brazilian law when you exercise the Options and sell Shares.  You also agree to report and pay applicable Tax-Related Items associated with the exercise of the Options, the receipt of any dividends and the subsequent sale of Shares acquired upon exercise.
Notifications
Exchange Control Information. If you are a resident or domiciled in Brazil, you will be required to submit an annual declaration of assets and rights held outside of Brazil to the Central Bank of Brazil if the aggregate value of such assets and rights is equal to or greater than US$100,000.  Quarterly reporting is required if such amount exceeds US$100,000,000.  Assets and rights that must be reported include the Shares acquired under the Plan.  Foreign individuals holding Brazilian visas are considered Brazilian residents for purposes of this reporting requirement and must declare at least the assets held abroad that were acquired subsequent to the date of admittance as a resident of Brazil.
CANADA
Terms and Conditions
Method of Payment. The following provision supplements Section 3 of the Terms and Conditions:
Due to regulatory requirements, you understand that you are prohibited from surrendering Shares that you already own to pay the Exercise Price or any Tax-Related Items in connection with the exercise of the Options. The Company reserves the right to permit this method of payment depending upon the development of local law.
Termination of Service. The following provision replaces Section 9(m) of the Terms and Conditions (but is not intended to derogate from Section 15 (“Governing Law; Jurisdiction; Severability”)):
Unless continuing vesting is required by applicable employment standards legislation, in the event of termination of your status as Service Provider for any reason (even if ‘without cause’), your right to vest in the Options under the Plan, if any, will terminate effective as of the date that is the earlier of:
(1) the date your status as a Service Provider terminates, 
(2) the date that you receive written notification of termination from the Company (regardless of whether that termination is ‘for cause’ or ‘without cause’), or 
(3) the date your active employment ends, regardless of any notice period or period of pay in lieu of such notice required under Applicable Laws (which includes the Canadian “common law” if Section 15 is found to be invalid); 
the Company has the exclusive discretion to determine when you are no longer actively employed or providing services for purposes of your Options (including whether you may still be considered to be providing services while on a leave of absence); 

The following provisions will apply if you are a resident of Quebec:
French Language Provision. The parties acknowledge that it is their express wish that the Agreement, as well as all documents, notices and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English.
Les parties reconnaissent avoir exigé la rédaction en anglais de la Convention, ainsi que de tous documents, avis et procédures judiciaires, exécutés, donnés ou intentés en vertu de, ou liés directement ou indirectement à, la présente convention.

Exhibit 10.88

Data Privacy. The following provision supplements Section 11 of the Terms and Conditions:
You hereby authorize the Company and the Company’s representatives to discuss with and obtain all relevant information from all personnel involved in the administration and operation of the Plan. You further authorize the Company, the Employer and any of their respective Parents, Subsidiaries and Affiliates and the Administrator of the Plan to disclose and discuss the Plan with their advisors. You further authorize the Company, the Employer and any of their respective Parents, Subsidiaries and Affiliates to record such information and to keep such information in your employee file.
Notifications
Securities Law Information. You will not be permitted to sell or otherwise dispose of the Shares acquired upon exercise of the Options within Canada. You will only be permitted to sell or dispose of any Shares if such sale or disposal takes place outside of Canada on the facilities on which such Shares are traded.
Foreign Asset/Account Reporting Information. Canadian residents are required to report any foreign specified property (including cash held outside of Canada and Shares acquired under the Plan) on form T1135 (Foreign Income Verification Statement) if the total value of the foreign property exceeds C$100,000 at any time in the year.  Options must be reported (generally, at nil cost) on Form 11351 if the C$100,000 cost threshold is exceeded due to other foreign property the you hold.  When Shares are acquired, their cost generally is the adjusted cost base (“ACB”) of the Shares.  The ACB would ordinarily equal the fair market value of the Shares at the time of acquisition, but if you own other Shares of the Company, this ACB may have to be averaged with the ACB of the other Shares.  The form T1135 must be filed with your annual tax return by April 30 of the following year for every year during which your foreign property exceeds C$100,000.  You should consult with your personal tax advisor to determine your reporting requirements.
CHINA
The following terms and conditions will apply if you are subject to exchange control restrictions and regulations in China, as determined by the Company in its sole discretion.
Terms and Conditions
Method of Payment and Sale of Shares. The following provision supplements Section 3 of the Terms and Conditions:
Due to local regulatory requirements, you understand that you will be restricted to the cashless sell-all method of exercise. To complete a cashless sell-all exercise, you understand that you must instruct the designated broker to: (i) sell all of the Shares issued upon exercise, (ii) use the proceeds to pay the Exercise Price, brokerage fees and any applicable Tax-Related Items, and (iii) remit the balance in cash to you. You will not be permitted to hold Shares after exercise. Depending upon the development of laws and your status as a national of a country other than the People’s Republic of China, the Company reserves the right to modify the methods of exercising the Options and in its sole discretion, to permit cash exercises, cashless sell-to-cover exercises or any other method of exercise and payment of Tax-Related Items permitted under the Plan.
Exchange Control Requirements. You understand and agree that, pursuant to local exchange control requirements, you will be required to exercise any outstanding Options (using the cashless sell-all method of exercise) within a certain period of time after termination of your status as Service Provider, as determined by the Company in its discretion. If you do not exercise the Options within this period, you acknowledge that the Company will instruct the designated broker to exercise the Options on your behalf pursuant to this authorization. You acknowledge that the broker is not required to sell the Shares subject to the Options at any particular price and that the Company, the Employer or other Parents, Subsidiaries or Affiliates, as well as the broker, cannot be held responsible for any loss of Option proceeds due to the forced exercise/sale.

Exhibit 10.88

Furthermore, you acknowledge and agree that you will be required to repatriate the cash proceeds from the immediate sale of the Shares upon exercise of the Options to China. You further understand that, under Applicable Laws, such repatriation of your cash proceeds will need to be effectuated through a special exchange control account established by the Company, the Employer or other Parents, Subsidiaries or Affiliates, and you hereby consent and agree that any proceeds from the sale of any Shares you acquire may be transferred to such special account prior to being delivered to you. You also understand that the Company will deliver the proceeds to you as soon as possible, but there may be delays in distributing the funds to you due to exchange control requirements in China. Proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to you in U.S. dollars, you may be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to you in local currency, the Company is under no obligation to secure any particular exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.
Notifications
Exchange Control Information.  Chinese residents may be required to report to exchange control regulators all details of their foreign financial assets and liabilities, as well as details of any economic transactions conducted with individuals who are not Chinese residents.
FRANCE
Terms and Conditions
French Language Provision. By accepting the Options, you confirm having read and understood the documents relating to the Plan which were provided to you in the English language and you accept the terms of those documents.
En acceptant les Options, vous confirmez ainsi avoir lu et compris les documents relatifs au Plan qui vous ont été communiqués en langue anglaise et vous en acceptez les termes en connaissance de cause.
Notifications
Tax Information. The Options are not intended to be French tax-qualified Awards.
Foreign Asset/Account Reporting Information. If you hold Shares outside of France or maintain a foreign bank or brokerage account, you are required to report such to the French tax authorities when filing your annual tax return.  
GERMANY
Notifications
Exchange Control Information. Cross-border payments in excess of €12,500 must be reported monthly to the German Federal Bank (Bundesbank).  If you make or receive a cross-border payment in excess of €12,500 in connection with the exercise of the Options or the sale of Shares acquired under the Plan or the receipt of dividends paid on such Shares, the report must be made electronically by the fifth day of the month following the month in which the payment was made or received.  The form of report can be accessed via the German Federal Bank’s website at www.bundesbank.de and is available in both German and English.  
HONG KONG
Terms and Conditions
Sale of Shares. The following provision supplements Section 2 of the Terms and Conditions:

Exhibit 10.88

In the event your Options vest and are exercised within six months of the Grant Date, you agree that you will not dispose of any Shares acquired prior to the six-month anniversary of the Grant Date.
Nature of Scheme.  The Company specifically intends that the Plan will not be an occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance.
Notifications
Securities Law Warning: The Options and Shares issued at exercise do not constitute a public offering of securities under Hong Kong law and are available only to Service Providers of the Company, the Employer or other Parents, Subsidiaries or Affiliates. The Agreement, the Plan and other Award Documentation have not been prepared in accordance with and are not intended to constitute a “prospectus” for a public offering of securities under the applicable securities legislation in Hong Kong, nor has the Agreement, the Plan or the other Award Documentation been reviewed by any regulatory authority in Hong Kong. The Options are intended only for the personal use of each eligible Service Provider and may not be distributed to any other person. If you are in any doubt about any of the contents of the Agreement, the Plan or the other Award Documentation, you should obtain independent professional advice.
INDIA
Terms and Conditions
Method of Payment. The following provision supplements Section 3 of the Terms and Conditions:
Due to regulatory requirements you understand that you may not pay the Exercise Price by a sell-to-cover exercise (i.e., whereby some, but not all, of the Shares subject to the Options will be sold immediately upon exercise and the proceeds from the sale will be remitted to the Company to cover the Exercise Price for the purchased shares and any Tax-Related Items withholding). The Company reserves the right to permit this method of payment depending upon the development of local law.
Notifications
Exchange Control Information. You understand that you must repatriate any proceeds from the sale of Shares acquired under the Plan to India within 90 days of receipt and any cash dividends paid on such Shares to India within 180 days of receipt.  You must obtain a foreign inward remittance certificate (the “FIRC”) from the bank where you deposit the foreign currency.  You should maintain the FIRC as evidence of the repatriation of funds in the event the Reserve Bank of India, the Company or the Employer requests proof of repatriation.  It is your responsibility to comply with applicable exchange control laws in India.
Foreign Asset/Account Reporting Information. You are required to declare your foreign bank accounts and any foreign financial assets (including Shares held outside India) in your annual tax return. It is your responsibility to comply with this reporting obligation and you should consult with your personal tax advisor in this regard.
ISRAEL
Terms and Conditions
The following terms and conditions apply to you only if you are an Israeli tax resident at the time of grant of the Options, which were made under the capital gains trustee track of Section 102 of the Israeli Income Tax Ordinance.
Israeli Subplan. By accepting the Options, you understand and agree that the Options are offered subject to and in accordance with the Advanced Micro Devices, Inc. 2004 Equity Incentive Plan Israeli Subplan (the “Israeli Subplan”) and the Options are intended to qualify as a 102 Capital Gains Track Grant (as defined in the Israeli Subplan). Notwithstanding the foregoing, the Company does not undertake to maintain the qualified status of the Options, and you acknowledge that you will not be entitled to damages of any nature whatsoever if the Options become disqualified and no longer qualify as a 102 Capital Gains Track Grant. In the event of any inconsistencies between the Israeli Subplan, the Agreement and/or the Plan, the terms of the Israeli Subplan will govern.

Exhibit 10.88

Further, to the extent requested by the Company or the Employer, you agree to execute any letter or other agreement in connection with the grant of the Options or any future awards granted under the Israeli Subplan. If you fail to comply with such request, the Options may not qualify as a 102 Capital Gains Track Grant.
Trust Arrangement. You acknowledge and agree that any Shares issued upon exercise of the Options will be subject to a supervisory trust arrangement with the Company’s designated trustee in Israel, ESOP Management and Trust Company Ltd., (the “Trustee”) in accordance with the terms of the trust agreement between the Company and the Trustee. You further agree that such Shares will be subject to the Required Holding Period (as defined in the Israeli Subplan), which shall be 24 months from the Grant Date. The Company may, in its sole discretion, replace the Trustee from time to time and instruct the transfer of all awards and Shares held and/or administered by such Trustee at such time to its successor. The provisions of the Agreement, including this Appendix, shall apply to the new Trustee mutatis mutandis.
Restriction on Sale. You acknowledge that any Shares underlying the Options may not be disposed of prior to the expiration of the Required Holding Period in order to qualify for tax treatment under the 102 Capital Gains Track. Accordingly, you shall not dispose of (or request the Trustee to dispose of) any such Shares prior to the expiration of the Required Holding Period, other than as permitted by applicable law. For purposes of this Appendix for Israel, “dispose” shall mean any sale, transfer or other disposal of the Shares by you (including by means of an instruction by you to the designated broker) or the Trustee, including a release of such Shares from the Trustee to you.
Responsibility for Taxes. The following provisions supplement Section 7 of the Terms and Conditions:
You agree that the Trustee may act on behalf of the Company or the Employer, as applicable, to satisfy any obligation to withhold Tax-Related Items applicable to you in connection with the Options granted under the Israeli Subplan.
The following provision applies to you only if you were not an Israeli tax resident at the time of grant of the Options and the Options do not qualify as Section 102 capital gains trustee track grants:
Cashless Exercise Restriction. Unless otherwise determined by the Administrator, you will be required to exercise the Options using the cashless sell-all exercise method whereby all Shares subject to the exercised Options will be sold immediately upon exercise and the proceeds of sale, less the Exercise Price, any Tax-Related Items and broker’s fees or commissions, will be remitted to you in accordance with any applicable exchange control laws and regulations. You will not be permitted to hold Shares after exercise. The Company reserves the right to provide additional methods of exercise to you depending on the development of local law.
Notifications
Securities Law Information. An exemption from the requirement to file a prospectus with respect to the Plan has been granted to the Company by the Israeli Securities Authority. Copies of the Plan and Form S-8 registration statement for the Plan filed with the U.S. Securities and Exchange Commission are available free of charge upon request with your local human resources representative.
ITALY
Terms and Conditions
Method of Payment. The following provision supplements Section 3 of the Terms and Conditions:
Due to local regulatory requirements, you understand that you will be restricted to the cashless sell-all method of exercise. To complete a cashless sell-all exercise, you understand that you must instruct the Plan broker to: (i) sell all of the Shares issued upon exercise; (ii) use the proceeds to pay the Exercise Price, brokerage fees and any applicable Tax-Related Items; and (iii) remit the balance in cash to you. You will not be permitted to hold Shares after exercise. Depending upon the development of laws and your status as a national of a country other than Italy, the Company reserves the right to modify the methods of exercising the Options and, in its sole discretion, to permit cash exercises, cashless sell-to-cover exercises or any other method of exercise and payment of Tax-Related Items permitted under the Plan.

Exhibit 10.88

Data Privacy. The following provision replaces in its entirety Section 11 of the Terms and Conditions:
You understand that the Employer and/or the Company may hold certain personal information about you, including, but not limited to, your name, home address, and telephone number, email address, date of birth, social security number(to the extent permitted under Italian law), passport or  any other identification number, salary, nationality, job title, number of Shares held and the details of all Options or any other entitlement to Shares awarded, cancelled, exercised, vested, unvested or outstanding (“Data”) for the exclusive purpose of implementing, administering and managing your participation in the Plan. 
You are aware that providing the Company with your Data is necessary for the performance of the Agreement and that your refusal to provide such Data would make it impossible for the Company to perform its contractual obligations and may affect your ability to participate in the Plan. 
The controller of personal data processing is Advanced Micro Devices, Inc., One AMD Place, Sunnyvale, California 94088, USA, and, pursuant to D.lgs 196/2003, its representative in Italy is: Advanced Micro Devices, Spa. Via Polidoro da Caravaggio 6, 20156, Milano, Italy. You understand that Data may be transferred to the Company, the Employer or other Parents, Subsidiaries or Affiliates, or to any third parties assisting in the implementation, administration and management of the Plan, including any transfer required to a broker or other third party with whom Shares acquired pursuant to the vesting of the Options or cash from the sale of such Shares may be deposited. Furthermore, the recipients that may receive, possess, use, retain and transfer such Data for the above mentioned purposes may be located in Italy or elsewhere, including outside of the European Union and that the recipients’ country (e.g., the United States) may have different data privacy laws and protections than your country. You hereby acknowledge that the processing activity, including the transfer of your personal data abroad, outside of the European Union, as herein specified and pursuant to Applicable Laws and regulations, does not require your consent because the processing is necessary for the performance of contractual obligations related to the implementation, administration and management of the Plan. You understand that Data processing relating to the above specified purposes will take place under automated or non-automated conditions, anonymously when possible, that comply with the purposes for which Data are collected and with confidentiality and security provisions as set forth by Applicable Laws and regulations, with specific reference to D.lgs. 196/2003.
You understand that Data will be held only as long as is required by Applicable Laws or as necessary to implement, administer and manage your participation in the Plan. You understand that pursuant to art.7 of D.lgs 196/2003, you have the right, including but not limited to, access, delete, update, request the rectification of Data and cease, for legitimate reasons, Data processing. Furthermore, you are aware that Data will not be used for direct marketing purposes. In addition, Data provided can be reviewed and questions or complaints can be addressed by contacting a local representative available at the following address: Advanced Micro Devices, Spa. Via Polidoro da Caravaggio 6, 20156, Milano, Italy.
Plan Document Acknowledgment. In accepting the Options, you acknowledge that you have received a copy of the Plan and the Agreement and have reviewed the Plan and the Agreement, including this Appendix, in their entirety and fully understand and accept all provisions of the Plan and the Agreement, including this Appendix. You further acknowledge that you have read and specifically and expressly approve the following sections of the Terms and Conditions: Section 1: Vesting of Options, Section 2: Exercise of Options; Section 6: Termination as a Service Provider; Section 7: Responsibility for Taxes; Section 9: Nature of Grant; and the Data Privacy and Method of Payment provisions above.
Notifications
Foreign Asset/Account Reporting Information. If you hold investments abroad or foreign financial assets (e.g., cash, Shares, the Options) that may generate income taxable in Italy, you are required to report them on your annual tax returns (UNICO Form, RW Schedule) or on a special form if no tax return is due, irrespective of their value. The same reporting duties apply to you if you are beneficial owners of the investments, even if you do not directly hold investments abroad or foreign assets.

Exhibit 10.88

Foreign Asset Tax Information. The value of financial assets held outside of Italy by Italian residents is subject to a foreign asset tax, subject to an exemption on the first €6,000. The taxable amount will be the fair market value of the financial assets (e.g., Shares) assessed at the end of the calendar year.  
JAPAN
Notifications
Exchange Control Information. If you acquire Shares valued at more than ¥100 million in a single transaction, you must file a Securities Acquisition Report with the Ministry of Finance (the “MOF”) through the Bank of Japan within 20 days of the acquisition.
In addition, if you pay more than ¥30 million in a single transaction for the purchase of Shares when you exercise the Options, you must file a Payment Report with the MOF through the Bank of Japan within 20 days of the date that the payment is made. The precise reporting requirements vary depending on whether or not the relevant payment is made through a bank in Japan. Please note that a Payment Report is required independently from a Securities Acquisition Report. Therefore, you must file both a Payment Report and a Securities Acquisition Report if the total amount that you pay in a single transaction for exercising the Options and purchasing Shares exceeds ¥100 million.
Foreign Asset/Account Reporting Information. You are required to report details of any assets held outside of Japan (including Shares acquired under the Plan) as of December 31, to the extent such assets have a total net fair market value exceeding ¥50 million.  Such report will be due by March 15 each year.  You should consult with your personal tax advisor as to whether the reporting obligation applies to you and whether you will be required to report details of your outstanding Options, as well as Shares, in the report.
KOREA
Notifications
Exchange Control Information. To remit funds out of Korea to exercise the Options by a cash-exercise method, you must obtain a confirmation of the remittance by a foreign exchange bank in Korea. This is an automatic procedure (i.e., the bank does not need to approve the remittance and the process should not take more than a single day). You likely will need to present the bank processing the transaction supporting documentation evidencing the nature of the remittance.  
If you realize US$500,000 or more from the sale of Shares or the receipt of any dividends in a single transaction, Korean exchange control laws require you to repatriate the proceeds to Korea within three years of the sale or receipt of such proceeds.
Foreign Asset/Account Reporting Information.  Korean residents must declare all foreign financial accounts (i.e., non-Korean bank accounts, brokerage accounts, etc.) to the Korean tax authority and file a report with respect to such accounts if the value of such accounts exceeds KRW 1 billion (or an equivalent amount in foreign currency).  You should consult with your personal tax advisor to determine your personal reporting obligations.
MALAYSIA
Terms and Conditions
Data Privacy. The following provision replaces in its entirety Section 11 of the Terms and Conditions:

 

 

Exhibit 10.88

	
	
	You hereby explicitly, voluntarily and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in the Agreement and any other Award Documentation by and among, as applicable, you, the Employer, the Company and other Parents, Subsidiaries and Affiliates or any third parties authorized by same in assisting in the implementation, administration or management of your participation in the Plan.

	You may have previously provided the Company and the Employer with, and the Company and the Employer may hold, certain personal information about you, including, but not limited to, your name, home address and telephone number, email address, date of birth, social insurance, passport, or other identification number, salary, nationality, job title, any shares of stock or directorships held in the Company, the fact and conditions of your participation in the Plan, details of all options or any other entitlement to shares of stock awarded, cancelled, exercised, vested, unvested or outstanding in your favor (“Data”), for the exclusive purpose of implementing, administering and managing the Plan.

	You also authorize any transfer of Data, as may be required, to a Company-designated Plan broker, or such other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan and/or with whom any shares acquired upon exercise of the Options are deposited. You acknowledge that these recipients may be located in your country or elsewhere, and that the recipient’s country (e.g., the United States) may have different data privacy laws and protections to your country, which may not give the same level of protection to Data. You understand

	 that you may request a list with the names and addresses of any potential recipients of Data by contacting your local human resources representative. You authorize the Company, the stock plan service provider and any other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing your participation in the Plan to receive, possess, use, retain and transfer Data, in electronic or other form, for the sole purpose of implementing, administering and managing your participation in the Plan. You understand that Data will be held only as long as is necessary to implement, administer and manage your

	 participation in the Plan. You understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case, without cost, by contacting in writing “Ask HR” at http://AskHR on AMD Central. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not

 
	
	
	Anda dengan ini secara eksplisit, secara sukarela dan tanpa sebarang keraguan mengizinkan pengumpulan, penggunaan dan pemindahan, dalam bentuk elektronik atau lain-lain, data peribadi anda seperti yang dinyatakan dalam Perjanjian dan apa-apa Dokumentasi Penganugerahan oleh dan di antara, sebagaimana yang berkenaan, Majikan, Syarikat dan Syarikat-syarikat Induk, Anak-anak Syarikat dan Syarikat-syarikat Sekutu masing masing, atau mana-mana pihak ketiga yang diberi kuasa oleh yang sama untuk membantu dalam pelaksanaan, pentadbiran dan pengurusan penyertaan andadalam Pelan tersebut.

	Sebelum ini, andamungkin telah membekalkan Syarikat dan Majikan dengan, dan Syarikat dan Majikan mungkin memegang, maklumat peribadi tertentu tentanganda, termasuk, tetapi tidak terhad kepada, nama anda, alamat rumah dan nombor telefon, alamat emel, tarikh lahir, insurans social, nombor pasport, atau pengenalan lain, gaji, kewarganegaraan, jawatan, apa-apa syer dalam saham atau jawatan pengarah yang dipegang dalam Syarikat, fakta dan syarat-syarat penyertaan andadalam Pelan, butir-butir semua opsyen atau apa-apa hak lain untuk syer dalam saham yang dianugerahkan, dibatalkan, dilaksanakan, terletak hak, tidak diletak hak ataupun bagi faedahanda (“Data”), untuk tujuan yang eksklusif bagi melaksanakan, mentadbir dan menguruskan Pelan tersebut.

	Anda juga memberi kuasa untuk membuat apa-apa pemindahan Data, sebagaimana yang diperlukan, kepada broker Pelan yang ditetapkan oleh Syarikat, atau pembekal perkhidmatan pelan saham lain sebagaimana yang mungkin dipilih oleh Syarikat pada masa depan, yang membantu Syarikat dalam pelaksanaan, pentadbiran dan pengurusan Pelan dan/atau dengan sesiapa yang mendepositkan Saham yang diperolehi melalui pelaksanaan Opsyen. Anda mengakui bahawa penerima-penerima ini mungkin berada di negara andaatau di tempat lain, dan bahawa negara penerima (contohnya, Amerika Syarikat) mungkin mempunyai undang-undang privasi data dan perlindungan yang berbeza daripada negara anda, yang mungkin tidak boleh memberi tahap perlindungan yang sama kepada Data. Andafaham bahawa andaboleh meminta senarai nama dan alamat mana-mana penerima Data dengan menghubungi wakil sumber manusia tempatan anda. Anda memberi kuasa kepada Syarikat, pembekal

	 perkhidmatan pelan saham dan mana-mana penerima lain yang mungkin membantu Syarikat (masa sekarang atau pada masa depan) untuk melaksanakan, mentadbir dan menguruskan penyertaan anda dalam Pelan untuk menerima, memiliki, menggunakan, mengekalkan dan memindahkan Data, dalam bentuk elektronik atau lain-lain, semata-mata dengan tujuan untuk melaksanakan, mentadbir dan menguruskan penyertaan anda dalam Pelan tersebut. Anda memahamibahawa Data akan dipegang hanya 

Exhibit 10.88

	
	
	  consent, or if you later seek to revoke the consent, your employment status or service and career with the Employer will not be affected; the only consequence of refusing or withdrawing the consent is that the Company would not be able to grant future stock options or other equity awards to you or administer or maintain such awards. Therefore, you understand that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of the refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative.

 
	
	
	 Pelan tersebut. Anda memahamibahawa anda boleh, pada bila-bila masa, melihat data, meminta maklumat tambahan mengenai penyimpanan dan pemprosesan Data, meminta bahawa pindaan-pindaan dilaksanakan ke atas Data atau menolak atau menarik balik persetujuan dalam ini, dalam mana-mana kes, tanpa kos, dengan menghubungi secara bertulis wakil sumber manusia tempatan anda, di mana butir-butir hubungannya adalah “Ask HR” at http://AskHR on AMD Central. Selanjutnya, anda memahami bahawa anda memberikan persetujuan di sini secara sukarela. Jika anda tidak bersetuju, atau jika anda kemudian membatalkan persetujuan anda, status pekerjaan atau perkhidmatan dan kerjaya anda dengan Majikan tidak akan terjejas; satunya akibat jika anda tidak bersetuju atau menarik balik persetujuan anda adalah bahawa Syarikat tidak akan dapat memberikan opsyen saham pada masa depan atau anugerah ekuiti lain kepada anda atau mentadbir atau mengekalkan anugerah tersebut. Oleh itu, anda memahami bahawa keengganan atau penarikan balik persetujuan anda boleh menjejaskan keupayaan anda untuk mengambil bahagian dalam Pelan tersebut. Untuk maklumat lanjut mengenai akibat keengganan anda untuk memberikan keizinan atau penarikan balik keizinan, anda memahamibahawa anda boleh menghubungi wakil sumber manusia tempatan anda.untuk tempoh yang diperlukan untuk melaksanakan, mentadbir dan menguruskan penyertaan anda dalam

 Notifications
Director Notification Obligation. If you are a director of the Company’s Malaysian Parent, Subsidiary or Affiliate, you are subject to certain notification requirements under the Malaysian Companies Act. Among these requirements is an obligation to notify the Malaysian Parent, Subsidiary or Affiliate in writing when you receive or dispose of an interest (e.g., an Award under the Plan or Shares) in the Company or any related company. Such notifications must be made upon receiving or disposing of any interest in the Company or any related company.
MEXICO
Terms and Conditions
No Entitlement or Claims for Compensation. The following provisions supplement Sections 8 and 9 of the Terms and Conditions:
Modification. By accepting the Options, you understand and agree that any modification of the Plan or the Agreement or its termination will not constitute a change or impairment of the terms and conditions of employment.
Policy Statement. The Award of Options the Company is making under the Plan is unilateral and discretionary and, therefore, the Company reserves the absolute right to amend it and discontinue it at any time without any liability. The Company, with principal executive offices at One AMD Place, Sunnyvale, CA 94088, U.S.A., is solely responsible for the administration of the Plan and participation in the Plan and the acquisition of Shares does not, in any way, establish an employment relationship between you and the Company since you are participating in the Plan on a wholly commercial basis and your sole employer is AMD Latin America, Ltd. – Mexico City Branch, Blvd. Manuel Ávila Camacho No. 40, Torre Esmeralda 1, Piso 18 Col. Lomas de Chapultepec México DF, CP 11000 – México, nor does it establish any rights between you and the Employer.

Exhibit 10.88

Plan Document Acknowledgment. By accepting the Award of Options, you acknowledge that you have received copies of the Plan, have reviewed the Plan and the Agreement in their entirety and fully understand and accept all provisions of the Plan and the Agreement.
In addition, by accepting the Agreement, you further acknowledge that you have read and specifically and expressly approve the terms and conditions in Section 9 of the Terms and Conditions, in which the following is clearly described and established: (i) participation in the Plan does not constitute an acquired right, (ii) the Plan and participation in the Plan is offered by the Company on a wholly discretionary basis, (iii) participation in the Plan is voluntary, and (iv) the Company, the Employer and other Parents, Subsidiaries or Affiliates are not responsible for any decrease in the value of the Shares underlying the Options.
Finally, you hereby declare that you do not reserve any action or right to bring any claim against the Company, the Employer or other Parents, Subsidiaries or Affiliates for any compensation or damages as a result of your participation in the Plan and therefore grant a full and broad release to the Company, the Employer and other Parents, Subsidiaries and Affiliates with respect to any claim that may arise under the Plan.
Spanish Translation
Téminos y Condiciones
Ausencia de derecho para reclamar compenssaciones. Estas disposiciones complementan el apartado 8 y 9 de los Términos y Condiciones
Modificación. Al aceptar las Opciones, usted reconoce y acuerda que cualquier modificación del Plan o su terminación no constituye un cambio o detrmineto en los términos y condiciones de empleo.
Declaración de Política. El Otorgamiento de las Opciones que hace la Compañía en virtud del Plan es unilateral y discrecional y, por lo tanto, la Compañía se reserva el derecho absoluto de modificar y discontinuar el mismo en cualquier tiempo, sin responsabilidad alguna.
La Compañía, con oficinas registradas ubicadas en One AMD Place, Sunnyvale, CA 94088, U.S.A., es la única responsable de la administración del Plan y de la participación en el mismo y la adquisición de Acciones no establece de forma alguna una relación de trabajo entre usted y la Compañía, ya que su participación en el Plan es completamente comercial y el único empleador es AMD Latin America, Ltd. – Mexico City Branch, Blvd. Manuel Ávila Camacho No. 40, Torre Esmeralda 1, Piso 18 Col. Lomas de Chapultepec México DF, CP 11000 – México, así como tampoco establece ningún derecho entre Usted y su Empleador.
 
Reconocimiento del Documento del Plan. Al aceptar el Otorgamiento de las Opciones, usted reconoce que ha recibido copias del Plan, ha revisado el mismo, al igual que la totalidad del Acuerdo y, que ha entendido y aceptado completamente todas las disposiciones contenidas en el Plan y en el Acuerdo.
Adicionalmente, al aceptar el Acuerdo, reconoce que ha leído, y que aprueba específica y expresamente los términos y condiciones contenidos en la sección 7 de los Téminos y Condiciones Acuerdo, en el cual se encuentra claramente descrito y establecido lo siguiente: (i) la participación en el Plan no constituye un derecho adquirido; (ii) el Plan y la participación en el mismo es ofrecida por la Compañía de forma enteramente discrecional; (iii) la participación en el Plan es voluntaria; y (iv) la Compañía, su Empleador y cualquier empresa Matriz, Subsidiaria o Filiales no son responsables por cualquier disminución en el valor de las Acciones en relación a las Unidades de Acción Restringida.
Finalmente, declara que no se reserva ninguna acción o derecho para interponer una demanda en contra de la Compañía, su Matriz, Subsidiaria o Afiliada por compensación, daño o perjuicio alguno como resultado de su participación en el Plan y, en consecuencia, otorga el más amplio finiquito al Empleador, así como a la Compañía, su Matriz, Subsidiaria o Filiales con respecto a cualquier demanda que pudiera originarse en virtud del Plan.
NETHERLANDS

Exhibit 10.88

There are no country-specific provisions.
POLAND
Notifications
Exchange Control Information. If you transfer funds in excess of €15,000 into Poland in connection with the sale of Shares or the receipt of dividends, the funds must be transferred via a bank account. You are required to retain the documents connected with a foreign exchange transaction for a period of five years, as measured from the end of the year in which such transaction occurred. If you hold Shares acquired under the Plan and/or maintain a bank account abroad, you will have reporting duties to the National Bank of Poland; specifically, if the aggregate value of Shares and cash held in such foreign accounts exceeds PLN7,000,000, you must file reports on the transactions and balances of the accounts on a quarterly basis. You should consult with your personal legal advisor to determine what you must do to fulfill any applicable reporting duties.
RUSSIA
Terms and Conditions
Method of Payment. The following provision supplements Section 3 of the Terms and Conditions:
Depending on the development of local regulatory requirements, the Company reserves the right to restrict you to the cashless sell-all method of exercise, whereby all Shares subject to the exercised Option will be sold immediately upon exercise and the proceeds of the sale, less the Exercise Price, any Tax-Related Items and broker’s fees or commissions, will be remitted to you in accordance with any Applicable Laws and regulations. If the Company restricts you to the cashless sell-all method of exercise, you will not be permitted to acquire and hold Shares after exercise. The Company reserves the right to provide additional methods of exercise to you depending on the development of local law.
U.S. Transaction.  You understand that the acceptance of the Options results in an agreement between you and the Company that is completed in the U.S. and that the Agreement is governed by the laws of the State of California, without giving effect to the conflict of law principles thereof.  
Upon exercise of the Options, if the Company in its discretion allows you to hold Shares, such Shares must be held in the U.S. and will not be delivered to you in Russia.  You acknowledge that you are not permitted to sell or otherwise transfer Shares directly to other individuals in Russia, nor are you permitted to bring any certificates representing the Shares (if any) into Russia.
Data Privacy. The following provision supplements Section 11 of the Terms and Conditions:
You hereby acknowledge that you have read and understood the terms regarding collection, processing and transfer of Data contained in Section 11 and, by participating in the Plan, you agree to such terms.  In this regard, upon request of the Company or the Employer, you agree to provide an executed data privacy consent form to the Employer or the Company (or any other agreements or consents that may be required by the Employer or the Company) that the Company and/or the Employer may deem necessary to obtain under the data privacy laws in Russia, either now or in the future. You understand that you will not be able to participate in the Plan if you fail to execute any such consent or agreement.
Notifications
Exchange Control Information. In order to perform a cash exercise of the Options, you must remit the funds from a foreign currency account at an authorized bank in Russia. This requirement does not apply if you use a cashless method of exercise, such that there is no remittance of funds out of Russia. 
Upon the sale of Shares acquired under the Plan or the receipt of any cash dividends paid on such Shares, you must repatriate the proceeds back to Russia within a reasonably short time after receipt of the proceeds.  You may remit proceeds to your foreign currency account at an authorized bank in Russia.  After the funds are initially received in Russia, they may be further remitted to a foreign bank subject to the following limitations: (i) the foreign account may be opened only for individuals; (ii) the foreign account may not be used for business activities and (iii) the 

Exhibit 10.88

Russian tax authorities must be given notice about the opening/closing of each foreign account within one month of the account opening/closing.  The repatriation requirement does not apply to dividends paid on Shares issued upon exercise of the Options deposited directly into a foreign bank or brokerage account opened with a foreign bank located in Organisation for Economic Cooperation Development (“OECD”) or Financial Action Task Force (“FATF”) countries.  You are strongly encouraged to contact your personal advisor to confirm the applicable Russian exchange control rules because significant penalties may apply in the case of non-compliance and because exchange control requirements may change..
Foreign Asset / Account Reporting Information.  As described above, Russian residents will be required to notify the Russian tax authorities within one month of opening or closing a foreign bank account or of changing any account details.  Russian residents are also required to file reports of the transactions in their foreign bank accounts with the Russian tax authorities on an annual basis.  In addition, Russian residents are required to report any cash transactions with respect to foreign bank accounts to the Russian tax authorities.  The tax authorities can require any supporting documents related to the transactions in a Russian resident’s foreign bank account.  
Securities Law Information. The grant of the Options and the distribution of the Plan and all other materials you may receive regarding participation in the Plan do not constitute an offering or the advertising of securities in Russia.  The issuance of Shares pursuant to the Plan has not and will not be registered in Russia and, therefore, the Shares may not be used for an offering or public circulation in Russia.  
Labor Law Information. If you continue to hold Shares acquired at exercise of the Options after an involuntary termination of your service, you may not be eligible to receive unemployment benefits in Russia.
Anti-Corruption Legislation Information. Individuals holding public office in Russia, as well as their spouses and dependent children, may be prohibited from opening or maintaining a foreign brokerage or bank account and holding any securities, whether acquired directly or indirectly, in a foreign company (including Shares acquired under the Plan). You should consult with your personal legal advisor to determine whether the restriction applies to you.
SINGAPORE
Term and Conditions
Sale of Shares.  The Shares subject to the Options may not be offered for sale in Singapore prior to the six-month anniversary of the Grant Date, unless such sale or offer is made pursuant to the exemptions under Part XIII Division (1) Subdivision (4) (other than section 280) of the Securities and Futures Act (Chap. 289, 2006 Ed.) (“SFA”).
Notifications
Securities Law Information.  The Award of Options is being made pursuant to the “Qualifying Person” exemption under Section 273(1)(f) of the SFA and is not made with a view to the Options or underlying Shares being subsequently offered for sale to any other party.  The Plan has not been and will not be lodged or registered as a prospectus with the Monetary Authority of Singapore. 
CEO and Director Notification Obligation. If you are the Chief Executive Officer (“CEO”) or a director, associate director or shadow director of the Company’s Singapore Parent, Subsidiary or Affiliate, you are subject to certain notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify the Company’s Singapore Parent, Subsidiary or Affiliate in writing when you receive an interest (e.g., an Award or Shares) in the Company, the Employer or other Parents, Subsidiaries or Affiliates. In addition, you must notify the Company’s Singapore Parent, Subsidiary or Affiliate when you sell Shares or shares of any Parent, Subsidiary or Affiliate (including when you sell Shares issued upon exercise of the Options). These notifications must be made upon acquiring or disposing of any interest in the Company, the Employer or other Parents, Subsidiaries or Affiliates. In addition, a notification of your interests in the Company, the Employer or other Parents, Subsidiaries or Affiliates must be made upon becoming the CEO or  a director.
SWEDEN

Exhibit 10.88

There are no country-specific provisions.
TAIWAN
Notifications
Securities Law Information. The Options and the Shares to be issued upon exercise of the Options are available only for certain Service Providers. It is not a public offer of securities by a Taiwanese company. Therefore, it is exempt from registration in Taiwan.
Exchange Control Information. You may acquire and remit foreign currency (including proceeds from the sale of Shares or the receipt of any dividends) into and out of Taiwan up to US$5,000,000 per year without justification.  If the transaction amount is TWD$500,000 or more in a single transaction, you must submit a foreign exchange transaction form and also provide supporting documentation to the satisfaction of the remitting bank. 
If the transaction amount is US$500,000 or more, you may be required to provide additional supporting documentation to the satisfaction of the remitting bank. Please consult your personal advisor to ensure compliance with applicable exchange control laws in Taiwan.
UNITED KINGDOM
Terms and Conditions
Responsibility for Taxes. The following provisions supplement Section 7 of the Terms and Conditions:
You must pay to the Company or the Employer any amount of income tax due that the Company or the Employer may be required to account to Her Majesty’s Revenue and Customs (the “HMRC”) with respect to the event giving rise to the Tax-Related Items (the “Taxable Event”) that cannot be satisfied by the means described in this Section 7. If payment or withholding of the income tax is not made within 90 days of the end of the U.K. tax year in which the Taxable Event occurs or such other period as required under U.K. law (the “Due Date”), you agree that the amount of any uncollected income tax will (assuming you are not a director or executive officer of the Company (within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended)) constitute a loan owed by you to the Company or the Employer (as applicable), effective on the Due Date. You agree that the loan will bear interest at the then-current HMRC official rate and it will be immediately due and repayable, and the Company and/or the Employer may recover it at any time thereafter by any of the means referred to in this Section 7. If you fail to comply with your obligations in connection with the income tax due as described in this section, the Company may refuse to deliver the Shares acquired under the Plan.
Notwithstanding the foregoing, if you are a director or executive officer of the Company (within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), you will not be eligible for such a loan to cover the income tax due. In the event that you are a director or executive officer and the income tax due is not collected from or paid by you by the Due Date, the amount of any uncollected tax may constitute a benefit to you on which additional income tax and National Insurance contributions may be payable. You will be responsible for reporting and paying any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for reimbursing the Company or the Employer, as applicable, for the value of any National Insurance contributions due on this additional benefit. You acknowledge that the Company or the Employer may recover any such National Insurance contributions at any time thereafter by any of the means referred to in this Section 7.

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