Document:

Form of Medium-Term Notes, Series P

 Exhibit 4.1 

[Face of Note] 

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation
(“DTC”), to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as requested by an authorized representative
of DTC (and any payment is made to Cede & Co. or such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein. 
  

	 CUSIP NO. 95000N2K4 
	
PRINCIPAL AMOUNT: $                   
          

 REGISTERED NO.      

WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES P 

Due Nine Months or More From Date of Issue 

Notes Linked to the 10-Year Constant Maturity Swap Rate due June 23, 2027 

WELLS FARGO & COMPANY, a corporation duly organized and existing under the laws of the State of Delaware (hereinafter
called the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or registered assigns, the principal sum of
                                         
        DOLLARS ($                    ) on June 23, 2027 (the “Stated Maturity
Date”) and to pay interest thereon from June 23, 2017 or from the most recent Interest Payment Date to which interest has been paid or duly provided for quarterly on each March 23, June 23, September 23 and
December 23, commencing September 23, 2017, and at Maturity (each, an “Interest Payment Date”), at the rate per annum specified below until the principal hereof is paid or made available for payment. The interest so
payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on
the Regular Record Date for such interest next preceding such Interest Payment Date. The Regular Record Date for an Interest Payment Date shall be one Business Day prior to such Interest Payment Date. If an Interest Payment Date is not a Business
Day, interest on this Security shall be payable on the next day that is a Business Day, with the same force and effect as if made on such Interest Payment Date, and without any interest or other payment with respect to the delay. “Business
Day” shall mean a day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by law or regulation to close in New York, New York. 

Except as described below for the first Interest Period, on each Interest Payment Date, interest will be paid for the period
commencing on and including the immediately preceding Interest Payment Date and ending on and including the day immediately preceding that Interest Payment Date. This period is referred to as an “Interest Period.” The first Interest
Period will 

 
commence on and include June 23, 2017 and end on and include September 22, 2017. Interest on this Security will be computed on the basis of a
360-day year of twelve 30-day months. 
 The
interest rate on this Security that will apply (A) during the first eight Interest Periods (up to and including the Interest Period ending June 22, 2019) will be equal to 4.25% per annum and (B) for all Interest Periods
commencing on or after June 23, 2019 will be determined by the calculation agent for this Security (the “Calculation Agent”) and will be equal to the 10-Year Constant Maturity Swap Rate on the Interest Determination Date for
such Interest Period. 
 The “Interest Determination Date” for an Interest Period commencing on or after
June 23, 2019 will be two U.S. Government Securities Business Days prior to the first day of such Interest Period. A “U.S. Government Securities Business Day” means any day except for a Saturday, Sunday or a day on which the
Securities Industry and Financial Markets Association recommends that the fixed income department of its members be closed for the entire day for purposes of trading in U.S. government securities. 

“10-Year Constant Maturity Swap Rate” or “10-Year CMS Rate,” means, for any Interest
Determination Date, the “U.S. Dollar ICE Swap Rate,” which will be the rate for U.S. Dollar swaps with a designated maturity of 10 years, expressed as a percentage, that appears on the Reuters page <ICESWAP1> (or any
successor page thereto) as of 11:00 a.m., New York City time, on such Interest Determination Date. 
 If such rate does not
appear on the Reuters page <ICESWAP1> (or any successor page thereto) at such time, the Calculation Agent shall determine the 10-Year CMS Rate for the relevant Interest Determination Date on the basis of the Mid-market Semi-annual Swap
Rate quotations provided by the CMS Reference Banks at approximately 11:00 a.m., New York City time, on such Interest Determination Date. The Calculation Agent will request the principal New York City office of each of the CMS Reference Banks to
provide a quotation of its rate, and 
  

	 	(i)	 if at least three quotations are provided, the rate for that Interest Determination Date will be the
arithmetic mean of the quotations, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest); or 

 

	 	(ii)	 if fewer than three quotations are provided, the Calculation Agent will determine the rate in its sole
discretion. 

 “CMS Reference Banks” means five leading swap dealers selected by the
Calculation Agent in its sole discretion in the New York City interbank market. 
 “Mid-market Semi-annual Swap
Rate” means, on any Interest Determination Date, the mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating U.S. Dollar interest rate swap transaction with a
term equal to a designated maturity of 10 years commencing on such Interest Determination Date and in a CMS Representative Amount with an acknowledged dealer of good credit in the swap market, where

  
 2 

 
the floating leg, calculated on an actual/360 day count basis, is equivalent to U.S. Dollar LIBOR with a designated maturity of three months. 

“CMS Representative Amount” means an amount that is representative for a single transaction in the relevant
market at the relevant time as determined by the Calculation Agent in its sole discretion. 
 The Calculation Agent shall,
upon the request of a Holder of this Security, provide the interest rate then in effect and, if determined, the interest rate that will become effective for the next Interest Period. All calculations of the Calculation Agent, in the absence of
manifest error, shall be conclusive for all purposes and binding on the Company and the Holder hereof. The Calculation Agent shall notify the Paying Agent of each determination of the interest applicable to this Security promptly after the
determination is made. Wells Fargo Securities, LLC will initially act as Calculation Agent. The Company may appoint a successor Calculation Agent with the written consent of the Trustee. 

Any interest not punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record
Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee,
notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange
on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. 

Payment of interest on this Security will be made in immediately available funds at the office or agency of the Company
maintained for that purpose in the City of Minneapolis, Minnesota in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that, at the option of
the Company, payment of interest may be paid by check mailed to the Person entitled thereto at such Person’s last address as it appears in the Security Register or by wire transfer to such account as may have been designated by such Person.
Payment of principal of and interest on this Security at Maturity will be made against presentation of this Security at the office or agency of the Company maintained for that purpose in the City of Minneapolis, Minnesota. Notwithstanding the
foregoing, for so long as this Security is a Global Security registered in the name of the Depositary, payments of principal and interest on this Security will be made to the Depositary by wire transfer of immediately available funds. 

This Security is not subject to redemption at the option of the Company or repayment at the option of the Holder hereof prior
to June 23, 2027. This Security is not entitled to any sinking fund. 
  

 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions
shall for all purposes have the same effect as if set forth at this place. 

  
 3 

 Unless the certificate of authentication hereon has been executed by the Trustee
referred to on the reverse hereof by manual signature or its duly authorized agent under the Indenture referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose. 
 [The remainder of this page has been left intentionally blank] 

  
 4 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed
under its corporate seal. 
 DATED:
                                 

 

					
	WELLS FARGO & COMPANY
		
	By:	 	 
			
		 	Its:	 	 

 [SEAL] 
  

					
	Attest:	 	 
			
		 	Its:	 	 

  

			
	 TRUSTEE’S CERTIFICATE OF

AUTHENTICATION
 This is one of the Securities of the

series designated therein described
 in the within-mentioned Indenture.

	
	 CITIBANK, N.A.,

      as Trustee

		
	By:	 	 
		 	Authorized Signature
	
	OR
	
	 WELLS FARGO BANK, N.A.,

  as Authenticating Agent for the Trustee

		
	By:	 	 
		 	Authorized Signature

  
 5 

 [Reverse of Note] 

WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES P 

Due Nine Months or More From Date of Issue 

Notes Linked to the 10-Year Constant Maturity Swap Rate due June 23, 2027 

This Security is one of a duly authorized issue of securities of the Company (herein called the
“Securities”), issued and to be issued in one or more series under an indenture dated as of July 21, 1999, as amended or supplemented from time to time (herein called the “Indenture”), between the Company and
Citibank, N.A., as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is
one of the series of the Securities designated as Medium-Term Notes, Series P of the Company, which series is limited to an aggregate principal amount of $25,000,000,000 or the equivalent thereof in one or more foreign or composite currencies.
The Securities of this series will bear interest at a fixed rate or a floating rate. The Securities of this series may mature at different times, be redeemable at different times or not at all, be repayable at the option of the Holder at different
times or not at all and be denominated in different currencies. 
 Article Sixteen of the Indenture shall not apply to this
Security. 
 Article Seventeen of the Indenture shall apply to this Security. 

The Securities are issuable only in registered form without coupons and will be either
(a) book-entry securities represented by one or more Global Securities recorded in the book-entry system maintained by the Depositary or (b) certificated
securities issued to and registered in the names of, the beneficial owners or their nominees. 
 The Company agrees, to the
extent permitted by law, not to voluntarily claim the benefits of any laws concerning usurious rates of interest against a Holder of this Security. 

Events of Default 

“Event of Default”, whenever used herein with respect to the Securities of this series, means any one of the
following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law, pursuant to any judgment, decree or order of any court or any order, rule or regulation of any
administrative or governmental body): 
 (1)    default in the payment of any interest
upon any Security of this series when it becomes due and payable, and continuance of such default for a period of 30 days; or 

  
 6 

 (2)    default in the payment of the
principal of any Security of this series at its Maturity, and continuance of such default for a period of 30 days; or 

(3)    default in the performance, or breach, of any covenant or warranty of the Company
in the Indenture (other than a covenant or warranty a default in whose performance or whose breach is elsewhere in Section 501 of the Indenture specifically dealt with or which has expressly been included in the Indenture solely for the benefit
of Securities of a series other than the Securities of this series), and continuance of such default or breach for a period of 90 days after there has been given by registered or certified mail, to the Company by the Trustee, or to the Company and
the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of this series, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of
Default” under the Indenture, or 
 (4)    the failure of the Company, subject to
the provisions of Section 1008 of the Indenture, to observe and perform the covenants contained in Section 1005 of the Indenture; or 

(5)    the entry by a court having jurisdiction of (A) a decree or order for relief
in respect of the Company in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency or similar law or (B) a decree or order adjudging the Company a bankrupt or insolvent, or approving a petition seeking
receivership, insolvency or liquidation of or in respect of the Company under any applicable Federal or State law, or appointing a receiver, liquidator, trustee or similar official of the Company, or ordering the winding up or liquidation of its
affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days; or 

(6)    the commencement by the Company of a voluntary case or proceeding under any
applicable Federal or State bankruptcy, insolvency or similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, the appointment of a receiver for the Company under any applicable Federal or State bankruptcy,
insolvency or similar law following consent by the Board of Directors of the Company to such appointment, or the entry of a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable Federal or
State bankruptcy, insolvency, receivership, liquidation or similar law following the Company’s consent to such decree or order. 

If an Event of Default specified in Clause (1), (2), (5) or (6) shall occur and be continuing, the principal of
the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. For the avoidance of doubt, if an Event of Default specified in Clause (3) or (4) shall occur and be continuing, the
principal of the Securities of this series may not be declared due and payable. 
 Modification and Waivers 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights
and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the 

  
 7 

 
Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of all series to be affected, acting together as a class. The Indenture also
contains provisions permitting the Holders of a majority in principal amount of the Securities of all series at the time Outstanding affected by certain provisions of the Indenture, acting together as a class, on behalf of the Holders of all
Securities of such series, to waive compliance by the Company with those provisions of the Indenture. Certain past defaults under the Indenture and their consequences may be waived under the Indenture by the Holders of a majority in principal amount
of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future
Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

Defeasance 

Section 403 and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the
Indenture, relating to defeasance at any time of (a) the entire indebtedness on this Security and (b) certain restrictive covenants and certain Events of Default, upon compliance by the Company with certain conditions set forth therein,
shall not apply to this Security. The remaining provisions of Section 401 of the Indenture shall apply to this Security. 
 Authorized
Denominations 
 This Security is issuable only in registered form without coupons in denominations of $1,000 or any
amount in excess thereof which is an integral multiple of $1,000. 
 Registration of Transfer 

Upon due presentment for registration of transfer of this Security at the office or agency of the Company in the City of
Minneapolis, Minnesota, a new Security or Securities of this series, with the same terms as this Security, in authorized denominations for an equal aggregate principal amount will be issued to the transferee in exchange herefor, as provided in the
Indenture and subject to the limitations provided therein and to the limitations described below, without charge except for any tax or other governmental charge imposed in connection therewith. 

This Security is exchangeable for definitive Securities in registered form only if (x) the Depositary notifies the
Company that it is unwilling or unable to continue as Depositary for this Security or if at any time the Depositary ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, and a successor depositary is not
appointed within 90 days after the Company receives such notice or becomes aware of such ineligibility, (y) the Company in its sole discretion determines that this Security shall be exchangeable for definitive Securities in registered form
and notifies the Trustee thereof or (z) an Event of Default with respect to the Securities represented hereby has occurred and is continuing. If this Security is exchangeable pursuant to the preceding sentence, it shall be exchangeable for
definitive Securities in registered form, bearing interest at the same rate, having the same date of issuance, Stated Maturity Date and other terms and of authorized denominations aggregating a like amount. 

  
 8 

 This Security may not be transferred except as a whole by the Depositary to a
nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of the Depositary or a nominee of such successor. Except as provided above,
owners of beneficial interests in this Global Security will not be entitled to receive physical delivery of Securities in definitive form and will not be considered the Holders hereof for any purpose under the Indenture. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company
or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 Obligation of the Company Absolute 

No reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation
of the Company, which is absolute and unconditional, to pay the principal of and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed, except as otherwise provided in this Security. 

No Personal Recourse 

No recourse shall be had for the payment of the principal of or the interest on this Security, or for any claim based hereon,
or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor
corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof,
expressly waived and released. 
 Defined Terms 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture
unless otherwise defined in this Security. 
 Governing Law 

This Security shall be governed by and construed in accordance with the law of the State of New York, without regard to
principles of conflicts of laws. 

  
 9 

 ABBREVIATIONS 

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

					
	 TEN COM
	 	  -- 
	 	 as tenants in common

			
	 TEN ENT
	 	  -- 
	 	 as tenants by the entireties

			
	 JT TEN
	 	  -- 
	 	 as joint tenants with right

of survivorship and not
 as
tenants in common

  

									
	 UNIF GIFT MIN ACT
	 	  -- 
	 	 	 	 Custodian
	 	 
		 		 	(Cust)	 		 	(Minor)

  

	
	Under Uniform Gifts to Minors Act
	
	   

	(State)

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

FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto 

 

	
	 Please Insert Social Security or
 Other
Identifying Number of Assignee

	
	   

  
  

 
  
  

 
 (PLEASE
PRINT OR TYPE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE)

  
 10 

 the within Security of WELLS FARGO & COMPANY and does hereby irrevocably constitute and
appoint                                     attorney to
transfer the said Security on the books of the Company, with full power of substitution in the premises. 
 Dated:
                                         
        
  

	
	   

  

	
	   

 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the
within instrument in every particular, without alteration or enlargement or any change whatever. 

  
 11Exhibit 10.1

 

 

 

 

 

 

 

 

ZAGG
INC

 

AMENDED
AND RESTATED

 

2013
EQUITY INCENTIVE AWARD PLAN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     

     

    

 

table
of contents

 

 

	 	Page
	ARTICLE
    1 PURPOSE	1
	 	 
	ARTICLE
    2 DEFINITIONS AND CONSTRUCTION	1
	 	 
	ARTICLE
    3 SHARES SUBJECT TO THE PLAN	5
	 	 
	3.1. Number
    of Shares	5
	 	 
	3.2. Stock
    Distributed	5
	 	 
	3.3. Limitation
    on Number of Shares Subject to Awards	5
	 	 
	ARTICLE
    4 ELIGIBILITY AND PARTICIPATION	6
	 	 
	4.1. Eligibility	6
	 	 
	4.2. Participation	6
	 	 
	4.3. Foreign
    Participants	6
	 	 
	ARTICLE
    5 STOCK OPTIONS	6
	 	 
	5.1. General	6
	 	 
	5.2. Incentive
    Stock Options	7
	 	 
	5.3. Substitution
    of Stock Appreciation Rights	8
	 	 
	5.4. Paperless
    Exercise	8
	 	 
	5.5. Granting
    of Options to Independent Directors	9
	 	 
	ARTICLE
    6 RESTRICTED STOCK AWARDS	9
	 	 
	6.1. Grant
    of Restricted Stock	9
	 	 
	6.2. Issuance
    and Restrictions	9
	 	 
	6.3. Forfeiture	9
	 	 
	6.4. Certificates
    for Restricted Stock	9
	 	 
	ARTICLE
    7 STOCK APPRECIATION RIGHTS	10
	 	 
	7.1. Grant
    of Stock Appreciation Rights	10
	 	 
	7.2. No
    Coupled Stock Appreciation Rights	10
	 	 
	7.3. Independent
    Stock Appreciation Rights	10
	 	 
	7.4. Payment
    and Limitations on Exercise	10

 

    2

     

    

 

	ARTICLE
    8 OTHER TYPES OF AWARDS	11
	 	 
	8.1. Performance
    Share Awards	11
	 	 
	8.2. Stock
    Payments	11
	 	 
	8.3. Deferred
    Stock	11
	 	 
	8.4. Restricted
    Stock Units	11
	 	 
	8.5. Other
    Stock-Based Awards	11
	 	 
	8.6. Term	12
	 	 
	8.7. Exercise
    or Purchase Price	12
	 	 
	8.8. Exercise
    Upon Termination of Employment or Service	12
	 	 
	8.9. Form of
    Payment	12
	 	 
	8.10. Award
    Agreement	12
	 	 
	ARTICLE
    9 PERFORMANCE-BASED AWARDS	12
	 	 
	9.1. Purpose	12
	 	 
	9.2. Applicability	13
	 	 
	9.3. Procedures
    with Respect to Performance-Based Awards	13
	 	 
	9.4. Payment
    of Performance-Based Awards	13
	 	 
	9.5. Additional
    Limitations	13
	 	 
	ARTICLE
    10 PROVISIONS APPLICABLE TO AWARDS	14
	 	 
	10.1. Stand-Alone
    and Tandem Awards	14
	 	 
	10.2. Award
    Agreement	14
	 	 
	10.3. Limits
    on Transfer	14
	 	 
	10.4. Death
    of Optionee.	14
	 	 
	10.5. Retirement
    or Disability	15
	 	 
	10.6. Forfeiture
    for Other Reasons	15
	 	 
	10.7. Leaves
    of Absence and Performance Targets	15
	 	 
	10.8. Newly
    Eligible Employees	15
	 	 
	10.9. Stock
    Certificates; Book Entry Procedures	15
	 	 
	10.10. Minimum
    Vesting	16
	 	 
	10.11. Prohibition
    on Buyout of Options and SARs	16

 

    3

     

    

 

	ARTICLE
    11 CHANGES IN CAPITAL STRUCTURE	16
	 	 
	11.1. Adjustments	16
	 	 
	11.2. Outstanding
    Awards—Other Changes	17
	 	 
	11.3. No
    Other Rights	17
	 	 
	ARTICLE
    12 ADMINISTRATION	18
	 	 
	12.1. Committee	18
	 	 
	12.2. Committee
    Membership	18
	 	 
	12.3. Certain
    Actions	18
	 	 
	12.4. Action
    by the Committee	18
	 	 
	12.5. Authority
    of Committee	18
	 	 
	12.6. Decisions
    Binding	19
	 	 
	12.7. Delegation
    of Authority	19
	 	 
	12.8. Committee
    Administration	20
	 	 
	12.9. Liability	20
	 	 
	ARTICLE
    13 EFFECTIVE AND EXPIRATION DATE	20
	 	 
	13.1. Effective
    Date	20
	 	 
	13.2. Expiration
    Date	20

 

    4

     

    

 

	ARTICLE
    14 AMENDMENT, MODIFICATION, AND TERMINATION	20
	 	 
	14.1. Amendment,
    Modification, and Termination	20
	 	 
	14.2. Awards
    Previously Granted	21
	 	 
	ARTICLE
    15 COMPLIANCE WITH SECTION 409A OF THE CODE	21
	 	 
	15.1. Awards
    subject to Code Section 409A	21
	 	 
	15.2. Distributions
    under a Section 409A Award	21
	 	 
	15.3. Prohibition
    on Acceleration of Benefits	22
	 	 
	15.4. Elections
    under Section 409A Awards	22
	 	 
	15.5. Compliance
    in Form and Operation	23
	 	 
	ARTICLE
    16 GENERAL PROVISIONS	23
	 	 
	16.1. No
    Rights to Awards	23
	 	 
	16.2. Privileges
    of Stock Ownership; Voting and Dividends	23
	 	 
	16.3. Withholding	23
	 	 
	16.4. No
    Right to Employment or Services	24
	 	 
	16.5. Unfunded
    Status of Awards	24
	 	 
	16.6. Indemnification	24
	 	 
	16.7. Relationship
    to other Benefits	24
	 	 
	16.8. Expenses	24
	 	 
	16.9. Titles
    and Headings	24
	 	 
	16.10. Fractional
    Shares	25
	 	 
	16.11. Limitations
    Applicable to Section 16 Persons	25
	 	 
	16.12. Government
    and Other Regulations	25
	 	 
	16.13. Governing
    Law	25

 

    5

     

    

 

ZAGG
INC

 

AMENDED
AND RESTATED

2013
EQUITY INCENTIVE AWARD PLAN

 

ARTICLE
1

PURPOSE

 

The
purposes of the ZAGG Inc Amended and Restated 2013 Equity Incentive Award Plan (the “Plan”) are to:

 

(1) Closely
associate the interests of management, employees, directors and consultants of ZAGG Inc, a Delaware corporation (the “Company”),
with the shareholders of the Company by reinforcing the relationship between participants’ rewards and shareholder gains;

 

(2) Provide
management and employees with an equity ownership in the Company commensurate with Company performance, as reflected in increased
shareholder value;

 

(3) Maintain
competitive compensation levels; and

 

(4) Provide
an incentive to management and employees to remain in continuing employment with the Company and to put forth maximum efforts
for the success of its business.

 

The
Plan is further intended to provide flexibility to the Company in its ability to attract, motivate and retain the services of
members of the Board, Employees and Consultants upon whose judgment, interest, and special effort the successful conduct of the
Company’s operation is largely dependent.

 

ARTICLE
2

DEFINITIONS AND CONSTRUCTION

 

Wherever
the following terms are used in the Plan they shall have the meanings specified below, unless the context clearly indicates otherwise.
The singular pronoun shall include the plural where the context so indicates.

 

2.1. “Award”
means an Option, a Restricted Stock award, a Stock Appreciation Right award, a Performance Share award, a Stock Payment award,
a Deferred Stock award, a Restricted Stock Unit award, an Other Stock-Based Award, or a Performance-Based Award granted to a Participant
pursuant to the Plan.

 

2.2. “Award
Agreement” means any written agreement, contract, or other instrument or document evidencing an Award.

 

     

     

    

 

2.3. “Board”
means the Board of Directors of the Company.

 

2.4. “Change
in Control” means the occurrence of any of the following in one or a series of related transactions: (i) an acquisition
after the date hereof by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) under the
Exchange Act) of more than thirty percent (30%) of the voting rights or equity interests in the Company; (ii) a replacement, during
a 24-month period, of more than one-half (1/2) of the members of the Board that is not approved by those individuals who are members
of the Board on the date hereof (or other directors previously approved by such individuals); (iii) consummation of a merger or
consolidation of the Company or any Subsidiary or a sale of more than one-half (1/2) of the assets of the Company in one or a
series of related transactions, unless following such transaction or series of transactions, the holders of the Company’s
securities prior to the first such transaction continue to hold at least one-half (1/2) of the voting rights and equity interests
of the surviving entity or acquirer of such assets; (iv) a recapitalization, reorganization or other transaction involving the
Company or any Subsidiary that constitutes or results in a transfer of more than one-half (1/2) of the voting rights or equity
interests in the Company; or (v) consummation of a “Rule 13e-3 transaction” as defined in Rule 13e-3 under the Exchange
Act with respect to the Company.

 

2.5. “Code”
means the Internal Revenue Code of 1986, as amended.

 

2.6. “Committee”
means the committee of the Board described in Article 12.

 

2.7. “Consultant”
means any consultant or adviser if:

 

(a) The
consultant or adviser renders bona fide services to the Company;

 

(b) The
services rendered by the consultant or adviser are not in connection with the offer or sale of securities in a capital-raising
transaction and do not directly or indirectly promote or maintain a market for the Company’s securities; and

 

(c) The
consultant or adviser is a natural person who has contracted directly with the Company to render such services.

 

2.8. “Covered
Employee” means an Employee who is, or may be, as determined by the Committee, a “covered employee” within
the meaning of Section 162(m) of the Code.

 

2.9. 
“Deferred Stock” means a right to receive a specified number of shares of Stock during specified time periods
pursuant to Article 8.

 

2.10. “Disability”
means that the Participant qualifies to receive long-term disability payments under the Company’s long-term disability
insurance program, as it may be amended from time to time.

 

2.11. “Effective
Date” shall have the meaning set forth in Section 13.1.

 

2.12. “Eligible
Individual” means any person who is an Employee, a Consultant or a member of the Board, as determined by the
Committee.

 

    2

     

    

 

2.13. “Employee”
means any officer or other employee (as defined in accordance with Section 3401(c) of the Code) of the Company or any Subsidiary.

 

2.14. “Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

2.15. “Fair
Market Value” means, as of any given date, the fair market value of a share of Stock on the date determined by such
methods or procedures as may be established from time to time by the Committee. Unless otherwise determined by the Committee,
the Fair Market Value of a share of Stock as of any date shall be (i) the closing price of a share of Common Stock on the principal
exchange on which shares of Common Stock are then trading, if any, on such date, or if shares were not traded on such date, then
on the closest preceding date on which a trade occurred; or (ii) if Common Stock is not traded on an exchange, the mean between
the closing representative bid and asked prices for the Common Stock on such date as reported by the OTC Bulletin Board or the
OTC Markets Group, Inc, or if not then in existence, by their successor quotation system; or (iii) if Common Stock is not publicly
traded, the Fair Market Value of a share of Common Stock as established by the Committee acting in good faith.

 

2.16. “Incentive
Stock Option” means an Option that is intended to meet the requirements of Section 422 of the Code or any successor
provision thereto.

 

2.17. “Independent
Director” means a member of the Board who is not an Employee of the Company.

 

2.18. “ISAR”
shall have the meaning set forth in Section 7.3(a).

 

2.19. “Non-Employee
Director” means a member of the Board who qualifies as a “Non-Employee Director” as defined in Rule 16b-3(b)(3)
of the Exchange Act, or any successor definition adopted by the Board.

 

2.20. “Non-Qualified
Stock Option” means an Option that is not intended to be an Incentive Stock Option.

 

2.21. “Option”
means a right granted to a Participant pursuant to Article 5 of the Plan to purchase a specified number of shares of Stock
at a specified price during specified time periods. An Option may be either an Incentive Stock Option or a Non-Qualified Stock
Option.

 

2.22. “Other
Stock-Based Award” means an Award granted or denominated in Stock or units of Stock pursuant to Section 8.5 of the Plan.

 

2.23. “Option
Term” shall have the meaning set forth in Section 5.1(b).

 

2.24. “Original
2013 Plan” means the ZAGG Inc 2013 Equity Incentive Award Plan originally adopted by the Board on January 15, 2013 and
approved by the stockholders of the Company on June 13, 2013.

 

2.25. “Original
2013 Plan Effective Date” means January 15, 2013.

 

2.26. “Participant”
means any Eligible Individual who, as a member of the Board or Employee or Consultant, has been granted an Award pursuant
to the Plan.

 

    3

     

    

 

2.27. “Performance-Based
Award” means an Award granted to selected Covered Employees pursuant to Articles 6 and 8, but which is subject to the
terms and conditions set forth in Article 9. All Performance-Based Awards are intended to qualify as Qualified Performance-Based
Compensation.

 

2.28. “Performance
Criteria” means the criteria that the Committee selects for purposes of establishing the Performance Goal or Performance
Goals for a Participant for a Performance Period. The Performance Criteria that will be used to establish Performance Goals are
limited to the following: net earnings (either before or after interest, taxes, depreciation and amortization or non-operating
charges as determined by the Committee), other non-operating charges (as determined by the Committee), economic value-added (as
determined by the Committee), sales or revenue, net income (either before or after taxes), operating earnings, cash flow (including,
but not limited to, operating cash flow and free cash flow), cash flow return on capital, return on net assets, return on stockholders’
equity, return on assets, return on capital, stockholder returns, return on sales, gross or net profit margin, productivity, expense,
margins, operating efficiency, customer satisfaction, working capital, earnings per share, price per share of Stock, and market
share, any of which may be measured either in absolute terms or as compared to any incremental increase or as compared to results
of a peer group. The Committee shall, within the time prescribed by Section 162(m) of the Code, define in an objective fashion
the manner of calculating the Performance Criteria it selects to use for such Performance Period for such Participant.

 

2.29. “Performance
Goals” means, for a Performance Period, the goals established in writing by the Committee for the Performance Period
based upon the Performance Criteria. Depending on the Performance Criteria used to establish such Performance Goals, the Performance
Goals may be expressed in terms of overall Company performance or the performance of a division, business unit, or an individual.
The Committee, in its discretion, may adjust or modify the calculation of Performance Goals for such Performance Period in order
to prevent the dilution or enlargement of the rights of Participants (a) in the event of, or in anticipation of, any unusual or
extraordinary corporate item, transaction, event, or development, or (b) in recognition of, or in anticipation of, any other unusual
or nonrecurring events affecting the Company, or the financial statements of the Company, or in response to, or in anticipation
of, changes in applicable laws, regulations, accounting principles, or business conditions.

 

2.30. “Performance
Period” means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may
select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s
right to, and the payment of, a Performance-Based Award.

 

2.31. “Performance
Share” means a right granted to a Participant pursuant to Article 8, to receive Stock, the payment of which is contingent
upon achieving certain Performance Goals or other performance-based targets established by the Committee.

 

2.32. 
“Plan” means this ZAGG Inc Amended and Restated 2013 Equity Incentive Award Plan, as it may be amended from
time to time.

 

    4

     

    

 

2.33. “Qualified
Performance-Based Compensation” means any compensation that is intended to qualify as “qualified performance-based
compensation” as described in Section 162(m)(4)(C) of the Code.

 

2.34. “Restricted
Stock” means Stock awarded to a Participant pursuant to Article 6 that is subject to certain restrictions and may be
subject to risk of forfeiture.

 

2.35. “Restricted
Stock Unit” means an Award granted pursuant to Section 8.4.

 

2.36. “Section
409A Award” shall have the meaning set forth in Section 15.1.

 

2.37. “Securities
Act” shall mean the Securities Act of 1933, as amended.

 

2.38. “Stock”
means the common stock of the Company, par value $0.001 per share, and such other securities of the Company that may be substituted
for Stock pursuant to Article 11.

 

2.39. “Stock
Appreciation Right” or “SAR” means a right granted pursuant to Article 7 to receive a payment equal
to the excess of the Fair Market Value of a specified number of shares of Stock on the date the SAR is exercised over the Fair
Market Value on the date the SAR was granted as set forth in the applicable Award Agreement.

 

2.40. “Stock
Payment” means (a) a payment in the form of shares of Stock, or (b) an option or other right to purchase shares of Stock,
as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted
pursuant to Article 8.

 

2.41. “Subsidiary”
means any “subsidiary corporation” as defined in Section 424(f) of the Code and any applicable regulations promulgated
thereunder or any other entity of which a majority of the outstanding voting stock or voting power is beneficially owned directly
or indirectly by the Company.

 

ARTICLE
3

SHARES SUBJECT TO THE PLAN

 

3.1. Number
of Shares.

 

(a) Subject
to Article 11 and Section 3.1(b), the aggregate number of shares of Stock which may be issued, transferred or reserved for issuance
pursuant to Awards under the Plan shall be five million (5,000,000) shares. In order that the applicable regulations under the
Code relating to Incentive Stock Options be satisfied, the maximum number of shares of Stock that may be delivered upon exercise
of Incentive Stock Options shall be the number specified in this Section 3.1(a). Shares of stock that may be issued upon exercise
of Options under the Plan shall be authorized and unissued shares of Common Stock, par value $0.001 per share, of the Company
(“Common Stock”). In the absence of an effective registration statement under the Securities Act of 1933 (the
“Act”), all Options granted and shares of Common Stock subject to their exercise will be restricted as to subsequent
resale or transfer, pursuant to the provisions of Rule 144 promulgated under the Act.

 

    5

     

    

 

(b) To the extent that an Award (other
than an Option or an SAR) terminates, expires, or lapses for any reason, any shares of Stock subject to the Award shall again
be available for the grant of an Award pursuant to the Plan. Additionally, any shares of Stock tendered or withheld to
satisfy the grant or exercise price or tax withholding obligation pursuant to any Award shall again be available for the
grant of an Award pursuant to the Plan. To the extent permitted by applicable law or any exchange rule, shares of Stock
issued in assumption of, or in substitution for, any outstanding awards of any entity acquired in any form of combination by
the Company or any Subsidiary shall not be counted against shares of Stock available for grant pursuant to this Plan.

 

3.2. 
Stock Distributed.   Any Stock distributed pursuant to an Award may consist, in whole or in part, of authorized
and unissued Stock, treasury Stock or Stock purchased on the open market.

 

3.3. 
Limitation on Number of Shares Subject to Awards.   Notwithstanding any provision in the Plan to the contrary,
and subject to Article 11, the maximum number of shares of Stock with respect to one or more Awards that may be granted to
any one Participant during a one-year period (measured from the date of any grant) shall be 600,000.

 

ARTICLE
4

ELIGIBILITY AND PARTICIPATION

 

4.1. 
Eligibility.   Each Eligible Individual shall be eligible to be granted one or more Awards pursuant to the Plan.

 

4.2. 
Participation.   Subject to the provisions of the Plan, the Committee may, from time to time, select from among
all Eligible Individuals, those to whom Awards shall be granted and shall determine the nature and amount of each Award. No Eligible
Individual shall have any right to be granted an Award pursuant to this Plan.

 

4.3. 
Foreign Participants.   In order to assure the viability of Awards granted to Participants employed in foreign
countries, the Committee may provide for such special terms as it may consider necessary or appropriate to accommodate differences
in local law, tax policy, or custom. Moreover, the Committee may approve such supplements to, or amendments, restatements, or alternative
versions of, the Plan as it may consider necessary or appropriate for such purposes without thereby affecting the terms of the
Plan as in effect for any other purpose; provided, however, that no such supplements, amendments, restatements, or alternative
versions shall increase the share limitations contained in Sections 3.1 and 3.3 of the Plan.

 

ARTICLE
5

STOCK OPTIONS

 

5.1. 
General.   The Committee is authorized to grant Options to Participants on the following terms and conditions:

 

(a) 
Exercise Price.   The exercise price per share of Stock subject to an Option shall be not less than 100%
of the Fair Market Value of a share of Stock on the date of the grant.

 

    6

     

    

 

(b) 
Time and Conditions of Exercise.   Each Option shall be fully exercisable at any time within the period beginning
not earlier than twelve (12) months after the date of the option grant and ending not later than ten (10) years after the date
of such grant (the “Option Term”), unless the Committee specifies otherwise. In no event, however, shall the
Option Term extend beyond ten (10) years after the date of the grant. No Option shall be exercisable after the expiration of the
Option Term. The Committee shall also determine the performance or other conditions, if any, that must be satisfied before all
or part of an Option may be exercised.

 

(c) 
Payment   The Committee shall determine the methods by which the exercise price of an Option may be paid, the
form of payment, including, without limitation: (i) cash, (ii) shares of Stock having a Fair Market Value on the date
of delivery equal to the aggregate exercise price of the Option or exercised portion thereof, or (iii) other property acceptable
to the Committee (including through the delivery of a notice that the Participant has placed a market sell order with a broker
with respect to shares of Stock then issuable upon exercise of the Option, and that the broker has been directed to pay a sufficient
portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise price; provided that payment
of such proceeds is then made to the Company upon settlement of such sale), and the methods by which shares of Stock shall be delivered
or deemed to be delivered to Participants. The Committee may also in its discretion permit a Participant to pay the exercise price
by the “net exercise” of such Option. In such case, the Company will not require a cash payment of the exercise price,
but will reduce the number of shares of Common Stock issued upon the exercise of such Option by the largest number of whole shares
of Common Stock that have a Fair Market Value which does not exceed the aggregate exercise price, including tax withholding, with
respect to the portion of such Option that is being exercised. With respect to any remaining balance of the aggregate Option price,
the Company shall accept a cash payment. Upon the “net exercise” of an Option (i) shares used to pay the Option price,
(ii) shares actually delivered to the Option holder as a result of such exercise, and (iii) shares withheld for purposes of minimum
statutory tax withholding, will no longer be outstanding under such Option (and will therefore no longer be exercisable by the
holder). Notwithstanding any other provision of the Plan to the contrary, no Participant who is a member of the Board or an “executive
officer” of the Company within the meaning of Section 13(k) of the Exchange Act shall be permitted to pay the exercise
price of an Option by means of a personal loan or other credit extended by the Company or in any other method which would violate
Section 13(k) of the Exchange Act.

 

(d) 
Evidence of Grant.   All Options shall be evidenced by a written Award Agreement between the Company and the Participant.
The Award Agreement shall include the number of shares of Common Stock subject to the Option, the exercise date, the Option Term,
and such additional provisions as may be specified by the Committee.

 

5.2. 
Incentive Stock Options.   The terms of any Incentive Stock Options granted pursuant to the Plan must comply with
the conditions and limitations contained in Section 13.2 and this Section 5.2.

 

(a) 
Eligibility.   The Committee may grant one or more Incentive Stock Options to employees of the Company or any
“subsidiary corporation” thereof (within the meaning of Section 424(f) of the Code and the applicable regulations
promulgated thereunder). The date an Incentive Stock Option is granted shall mean the date selected by the Committee as of which
the Committee shall allot a specific number of shares to a participant pursuant to the Plan.

 

    7

     

    

 

(b) 
Individual Dollar Limitation.   The aggregate Fair Market Value (determined as of the time the Option is granted)
of all shares of Stock with respect to which Incentive Stock Options are first exercisable by a Participant in any calendar year
may not exceed $100,000 or such other limitation as imposed by Section 422(d) of the Code, or any successor provision.
Multiple Incentive Stock Options may be granted to an Optionee in any calendar year.

 

(c) 
Ten Percent Owners.   The Committee may determine to grant an Incentive Stock Option to an employee who is also
an individual who owns, at the date of grant, directly or indirectly according to the stock ownership attribution rules of
Section 424(d) of the Code, stock possessing more than ten percent (10%) of the total combined voting power of all classes
of Stock of the Company. However, the exercise price of such Option granted shall not be less than one hundred ten percent (110%)
of Fair Market Value on the date of grant. Furthermore, the Option may be exercisable for no more than five (5) years from the
date of grant.

 

(d) 
Notice of Disposition.   The Participant shall give the Company prompt notice of any disposition of shares of
Stock acquired by exercise of an Incentive Stock Option within (i) two (2) years from the date of grant of such Incentive
Stock Option or (ii) one (1) year after the transfer of such shares of Stock to the Participant. In order to obtain the favorable
tax treatment available for Incentive Stock Options under Section 422 of the Code, the Optionee is prohibited from the sale,
exchange, transfer, pledge, hypothecation, gift or other disposition of the shares of Common Stock underlying the Incentive Stock
Options until the later of either two (2) years after the date of grant of the Incentive Stock Option, or one (1) year
after the transfer to the Optionee of such underlying Common Stock after the Optionee’s exercise of such Incentive Stock
Option. Should Optionee choose to make a premature disposition of such underlying Common Stock contrary to such restrictions, the
Options related to such Common Stock shall be treated as Non-qualified Stock Options pursuant to the terms of the Plan.

 

(e) 
Right to Exercise.   During a Participant’s lifetime, an Incentive Stock Option may be exercised only by
the Participant.

 

5.3. 
Substitution of Stock Appreciation Rights.   The Committee may provide in the Award Agreement evidencing the grant
of an Option that the Committee, in its sole discretion, shall have the right to substitute a Stock Appreciation Right for such
Option at any time prior to or upon exercise of such Option, subject to the provisions of Section 7.2 hereof; provided that
such Stock Appreciation Right shall be exercisable with respect to the same number of shares of Stock for which such substituted
Option would have been exercisable.

 

5.4. 
Paperless Exercise.   In the event that the Company establishes, for itself or using the services of a third party,
an automated system for the exercise of Options, such as a system using an internet website or interactive voice response, then
the paperless exercise of Options by a Participant may be permitted through the use of such an automated system.

 

    8

     

    

 

5.5. 
Granting of Options to Independent Directors.   The Board may from time to time, in its sole discretion, and subject
to the limitations of the Plan:

 

(a) 
Select from among the Independent Directors (including Independent Directors who have previously been granted Options under the
Plan) such of them as in its opinion should be granted Options;

 

(b) 
Subject to Section 3.3, determine the number of shares of Stock that may be purchased upon exercise of the Options granted
to such selected Independent Directors; and

 

(c) 
Subject to the provisions of this Article 5, determine the terms and conditions of such Options, consistent with the Plan.

 

Options granted to Independent Directors
shall be Non-Qualified Stock Options.

 

ARTICLE
6

RESTRICTED STOCK AWARDS

 

6.1. 
Grant of Restricted Stock.   The Committee is authorized to make Awards of Restricted Stock to any Participant
selected by the Committee in such amounts and subject to such terms and conditions as determined by the Committee. All Awards of
Restricted Stock shall be evidenced by a written Award Agreement.

 

6.2. 
Issuance and Restrictions.   Restricted Stock shall be subject to such restrictions on transferability and other
restrictions as the Committee may impose. These restrictions may lapse separately or in combination at such times, pursuant to
such circumstances, in such installments, or otherwise, as the Committee determines at the time of the grant of the Award or thereafter.
Any restrictions will be designated in the form of Award Agreement between the Company and the Participant.

 

6.3. 
Forfeiture.   Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter,
upon termination of employment or service during the applicable restriction period, Restricted Stock that is at that time subject
to restrictions shall be forfeited; provided, however, that the Committee may (a) provide in any Award Agreement that
restrictions or forfeiture conditions relating to Restricted Stock will be waived in whole or in part in the event of terminations
resulting from specified causes, and (b) in other cases waive in whole or in part restrictions or forfeiture conditions relating
to Restricted Stock.

 

6.4. 
Certificates for Restricted Stock.   Restricted Stock granted pursuant to the Plan may be evidenced in such manner
as the Committee shall determine. If certificates representing shares of Restricted Stock are registered in the name of the Participant,
certificates must bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted
Stock, and the Company may, at its discretion, retain physical possession of the certificate until such time as all applicable
restrictions lapse.

 

    9

     

    

 

ARTICLE
7

STOCK APPRECIATION RIGHTS

 

7.1. 
Grant of Stock Appreciation Rights.   A Stock Appreciation Right may be granted to any Participant selected by
the Committee. A Stock Appreciation Right may be granted (a) in connection and simultaneously with the grant of an Option,
(b) with respect to a previously granted Option, or (c) independent of an Option. A Stock Appreciation Right shall be
subject to such terms and conditions not inconsistent with the Plan as the Committee shall impose and shall be evidenced by an
Award Agreement.

 

7.2. 
No Coupled Stock Appreciation Rights. No Coupled Stock Appreciation Rights shall be granted pursuant to this Plan.

 

7.3. 
Independent Stock Appreciation Rights.

 

(a) 
An Independent Stock Appreciation Right (“ISAR”) shall be unrelated to any Option and shall have a term set
by the Committee. An ISAR shall be exercisable in such installments as the Committee may determine. An ISAR shall cover such number
of shares of Stock as the Committee may determine. The exercise price per share of Stock subject to each ISAR shall be set by the
Committee; provided, however, that the exercise price for any ISAR shall not be less than 100% of the Fair Market Value
on the date of grant; and provided, further, that, the Committee in its sole and absolute discretion may provide that the
ISAR may be exercised subsequent to a termination of employment or service, as applicable, or following a Change in Control of
the Company, or because of the Participant’s retirement, death or disability, or otherwise.

 

(b) 
An ISAR shall entitle the Participant (or other person entitled to exercise the ISAR pursuant to the Plan) to exercise all or a
specified portion of the ISAR (to the extent then exercisable pursuant to its terms) and to receive from the Company an amount
determined by multiplying the difference obtained by subtracting the exercise price per share of the ISAR from the Fair Market
Value of a share of Stock on the date of exercise of the ISAR by the number of shares of Stock with respect to which the ISAR shall
have been exercised, subject to any limitations the Committee may impose.

 

7.4. 
Payment and Limitations on Exercise.

 

(a) 
Subject to Section 7.4(b) and (c), payment of the amounts determined under Section 7.3(b) above shall be in cash,
in Stock (based on its Fair Market Value as of the date the Stock Appreciation Right is exercised) or a combination of both, as
determined by the Committee.

 

(b) 
To the extent payment for a Stock Appreciation Right is to be made in cash, the Award Agreement shall, to the extent necessary
to comply with the requirements of Section 409A of the Code, specify the date of payment, which may be different than the
date of exercise of the Stock Appreciation Right. If the date of payment for a Stock Appreciation Right is later than the date
of exercise, the Award Agreement may specify that the Participant be entitled to earnings on such amount until paid.

 

    10

     

    

 

(c) 
To the extent any payment under Section 7.3(b) is effected in Stock it shall be made subject to satisfaction of any applicable
provisions of Article 5 above pertaining to Options.

 

ARTICLE
8

OTHER TYPES OF AWARDS

 

8.1. 
Performance Share Awards.   Any Participant selected by the Committee may be granted one or more Performance Share
awards which shall be denominated in a number of shares of Stock and which may be linked to any one or more of the Performance
Criteria or other specific performance criteria determined appropriate by the Committee, in each case on a specified date or dates
or over any period or periods determined by the Committee. In making such determinations, the Committee shall consider (among such
other factors as it deems relevant in light of the specific type of award) the contributions, responsibilities and other compensation
of the particular Participant.

 

8.2. 
Stock Payments.   Any Participant selected by the Committee may receive Stock Payments in the manner determined
from time to time by the Committee. The number of shares shall be determined by the Committee and may be based upon the Performance
Criteria or other specific performance criteria determined appropriate by the Committee, determined on the date such Stock Payment
is made or on any date thereafter.

 

8.3. 
Deferred Stock.   Any Participant selected by the Committee may be granted an award of Deferred Stock in the manner
determined from time to time by the Committee. The number of shares of Deferred Stock shall be determined by the Committee and
may be linked to the Performance Criteria or other specific performance criteria determined to be appropriate by the Committee,
in each case on a specified date or dates or over any period or periods determined by the Committee. Stock underlying a Deferred
Stock award will not be issued until the Deferred Stock award has vested, pursuant to a vesting schedule or performance criteria
set by the Committee.

 

8.4. 
Restricted Stock Units.   The Committee is authorized to make Awards of Restricted Stock Units to any Participant
selected by the Committee in such amounts and subject to such terms and conditions as determined by the Committee. At the time
of grant, the Committee shall specify the date or dates on which the Restricted Stock Units shall become fully vested and nonforfeitable,
and may specify such conditions to vesting as it deems appropriate. At the time of grant, the Committee shall specify the maturity
date applicable to each grant of Restricted Stock Units which shall be no earlier than the vesting date or dates of the Award and
may be determined at the election of the grantee. On the maturity date, the Company shall, subject to Section 10.9, transfer
to the Participant one (1) share of Stock, subject to any applicable transfer restrictions, for each Restricted Stock Unit scheduled
to be paid out on such date and not previously forfeited. The Committee shall specify the purchase price, if any, to be paid by
the grantee to the Company for such shares of Stock.

 

8.5. 
Other Stock-Based Awards.   Any Participant selected by the Committee may be granted one or more Awards that provide
Participants with shares of Stock or the right to purchase shares of Stock or that have a value derived from the value of, or an
exercise or conversion privilege at a price related to, or that are otherwise payable in shares of Stock and which may be linked
to any one or more of the Performance Criteria or other specific performance criteria determined appropriate by the Committee,
in each case on a specified date or dates or over any period or periods determined by the Committee. In making such determinations,
the Committee shall consider (among such other factors as it deems relevant in light of the specific type of Award) the contributions,
responsibilities and other compensation of the particular Participant.

 

    11

     

    

 

8.6. 
Term.   Except as otherwise provided herein, the term of any Award of Performance Shares, Stock Payments, Deferred
Stock, Restricted Stock Units or Other Stock-Based Award shall be set by the Committee in its discretion and designated in the
form of Award Agreement between the Company and the Participant.

 

8.7. 
Exercise or Purchase Price.   The Committee may establish the exercise or purchase price, if any, of any Award
of Performance Shares, Deferred Stock, Stock Payments, Restricted Stock Units or Other Stock-Based Award; provided, however,
that such price shall not be less than the par value of a share of Stock on the date of grant, unless otherwise permitted by applicable
state law. The exercise or purchase price, if any, will be designated in the form of Award Agreement between the Company and the
Participant.

 

8.8. 
Exercise Upon Termination of Employment or Service.   An Award of Performance Shares, Deferred Stock, Stock Payments,
Restricted Stock Units and Other Stock-Based Award shall only be exercisable or payable while the Participant is an Employee, a
Consultant, or a member of the Board, as applicable; provided, however, that the Committee in its sole and absolute discretion
may provide that an Award of Performance Shares, Stock Payments, Deferred Stock, Restricted Stock Units or Other Stock-Based Award
may be exercised or paid subsequent to a termination of employment or service, as applicable, or following a Change in Control
of the Company, or because of the Participant’s retirement, death or disability, or otherwise; provided, however,
that any such provision with respect to Performance Shares shall be subject to the requirements of Section 162(m) of
the Code that apply to Qualified Performance-Based Compensation.

 

8.9. 
Form of Payment.   Payments with respect to any Awards granted under this Article 8 shall be made in
cash, in Stock or a combination of both, as determined by the Committee, and as specifically designated in the form of Award Agreement
between the Company and the Participant.

 

8.10. 
Award Agreement.   All Awards under this Article 8 shall be subject to such additional terms and conditions
as determined by the Committee and shall be evidenced by a written Award Agreement.

 

ARTICLE
9

PERFORMANCE-BASED AWARDS

 

9.1. 
Purpose.   The purpose of this Article 9 is to provide the Committee the ability to qualify Awards other
than Options and SARs and that are granted pursuant to Articles 6 and 8 as Qualified Performance-Based Compensation. If the Committee,
in its discretion, decides to grant a Performance-Based Award to a Covered Employee, the provisions of this Article 9 shall
control over any contrary provision contained in Articles 6 or 8; provided, however, that the Committee may in its discretion
grant Awards to Covered Employees that are based on Performance Criteria or Performance Goals but that do not satisfy the requirements
of this Article 9.

 

    12

     

    

 

9.2. 
Applicability.   This Article 9 shall apply only to those Covered Employees selected by the Committee to
receive Performance-Based Awards. The designation of a Covered Employee as a Participant for a Performance Period shall not in
any manner entitle the Participant to receive an Award for the period. Moreover, designation of a Covered Employee as a Participant
for a particular Performance Period shall not require designation of such Covered Employee as a Participant in any subsequent Performance
Period and designation of one (1) Covered Employee as a Participant shall not require designation of any other Covered Employees
as a Participant in such period or in any other period.

 

9.3. 
Procedures with Respect to Performance-Based Awards.   To the extent necessary to comply with the Qualified Performance-Based
Compensation requirements of Section 162(m)(4)(C) of the Code, with respect to any Award granted under Articles 6 and
8 which may be granted to one or more Covered Employees, no later than ninety (90) days following the commencement of any fiscal
year in question or any other designated fiscal period or period of service (or such other time as may be required or permitted
by Section 162(m) of the Code), the Committee shall, in writing, (a) designate one or more Covered Employees, (b) select
the Performance Criteria applicable to the Performance Period, (c) establish the Performance Goals, and amounts of such Awards,
as applicable, which may be earned for such Performance Period, and (d) specify the relationship between Performance Criteria
and the Performance Goals and the amounts of such Awards, as applicable, to be earned by each Covered Employee for such Performance
Period. Following the completion of each Performance Period, the Committee shall certify in writing whether the applicable Performance
Goals have been achieved for such Performance Period. In determining the amount earned by a Covered Employee, the Committee shall
have the right to reduce or eliminate (but not to increase) the amount payable at a given level of performance to take into account
additional factors that the Committee may deem relevant to the assessment of individual or corporate performance for the Performance
Period.

 

9.4. 
Payment of Performance-Based Awards.   Unless otherwise provided in the applicable Award Agreement, a Participant
must be employed by the Company or a Subsidiary on the day a Performance-Based Award for such Performance Period is paid to the
Participant. Furthermore, a Participant shall be eligible to receive payment pursuant to a Performance-Based Award for a Performance
Period only if the Performance Goals for such period are achieved.

 

9.5. 
Additional Limitations.   Notwithstanding any other provision of the Plan, any Award which is granted to a Covered
Employee and is intended to constitute Qualified Performance-Based Compensation shall be subject to any additional limitations
set forth in Section 162(m) of the Code (including any amendment to Section 162(m) of the Code) or any regulations
or rulings issued thereunder that are requirements for qualification as qualified performance-based compensation as described in
Section 162(m)(4)(C) of the Code, and the Plan shall be deemed amended to the extent necessary to conform to such requirements.

 

    13

     

    

 

ARTICLE
10

PROVISIONS APPLICABLE TO AWARDS

 

10.1. 
Stand-Alone and Tandem Awards.   Awards granted pursuant to the Plan may, in the discretion of the Committee,
be granted either alone, in addition to, or in tandem with, any other Award granted pursuant to the Plan. Awards granted in addition
to or in tandem with other Awards may be granted either at the same time as or at a different time from the grant of such other
Awards.

 

10.2. 
Award Agreement.   Awards under the Plan shall be evidenced by written Award Agreements that shall set forth the
terms, conditions, limitations and award type for each Award which may include the term of an Award, the provisions applicable
in the event the Participant’s employment or service terminates, and the Company’s authority to unilaterally or bilaterally
amend, modify, suspend, cancel or rescind an Award. Each Award Agreement shall specify whether payments with respect to such Award
may be made in cash, solely in Stock, or a combination of both, as determined by the Committee, and such statement of means of
payment shall govern any question relating to whether such payments may be made in cash or Stock.

 

10.3. 
Limits on Transfer.   Except as otherwise provided by the Committee, no right or interest of a Participant in
any Award may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Subsidiary, or shall
be subject to any lien, obligation, or liability of such Participant to any other party other than the Company or a Subsidiary.
Except as otherwise provided by the Committee, during the life of the recipient, such award shall be exercisable only by such person
or by such person’s guardian or legal representative.

 

10.4. 
Death of Optionee.

 

(a) 
Options.   Notwithstanding Section 10.3, upon the death of the Optionee while either in the Company’s
employ or within six (6) months after termination of Optionee’s employment, any rights to the extent exercisable on the date
of death may be exercised by the Optionee’s estate, or by a person who acquires the right to exercise such Option by bequest
or inheritance or by reason of the death of the Optionee, provided that such exercise occurs within both the remaining effective
term of the Option and one (1) year after the Optionee’s death. A beneficiary, legal guardian, legal representative, or other
person claiming any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Award Agreement applicable
to the Participant, except to the extent the Plan and Award Agreement otherwise provide, and to any additional restrictions deemed
necessary or appropriate by the Committee. If no beneficiary has been designated or survives the Participant, payment shall be
made to the person entitled thereto pursuant to the Participant’s will or the laws of descent and distribution. Subject to
the foregoing, a beneficiary designation may be changed or revoked by a Participant at any time provided the change or revocation
is filed with the Committee.

 

(b) 
Incentive Stock Options.   Upon the death of the Optionee while in the Company’s employ or within not more
than ninety (90) days after termination of Optionee’s employment, any Incentive Stock Option exercisable on the date of death
may be exercised by the Optionee’s estate or by a person who acquires the right to exercise such Incentive Stock Option by
bequest or inheritance or by reason of the death of the Optionee, provided that such exercise occurs within both the remaining
Option Term of the Incentive Stock Option and one (1) year after the Optionee’s death.

 

    14

     

    

 

10.5. 
Retirement or Disability.

 

(a) 
Options.   Upon termination of the Optionee’s employment by reason of retirement or permanent disability,
the Optionee may, within thirty-six (36) months from the date of termination, exercise any Options to the extent such Options are
exercisable during such 36-month period.

 

(b) 
Incentive Stock Options.   Upon termination of the Optionee’s employment by reason of retirement or permanent
disability, the Optionee may, within thirty-six (36) months from the date of termination, exercise any Incentive Stock Options
to the extent such Incentive Stock Options are exercisable during such 36-month period. However, the tax treatment available pursuant
to Section 422 of the Code will not be available to an Optionee who exercises any Incentive Stock Option more than (i) twelve
(12) months after the date of termination of employment due to permanent disability, or (ii) three (3) months after the date
of termination of employment due to retirement.

 

10.6. 
Forfeiture for Other Reasons.   Except as provided herein or except as otherwise determined by the Committee,
all Options shall forfeit ninety (90) days after the termination of the Optionee’s employment with the Company.

 

10.7. 
Leaves of Absence and Performance Targets.   The Committee shall be entitled to make such rules, regulations and
determinations as it deems appropriate under the Plan in respect of any leave of absence taken by the recipient of any award. Without
limiting the generality of the foregoing, the Committee shall be entitled to determine (i) whether or not any such leave of
absence shall constitute a termination of employment within the meaning of the Plan and (ii) the impact, if any, of such leave
of absence on awards under the Plan theretofore made to any recipient who takes such leave of absence. The Committee shall also
be entitled to make such determination of performance targets, if any, as it deems appropriate.

 

10.8. 
Newly Eligible Employees.   The Committee shall be entitled to make such rules, regulations, determinations and
awards as it deems appropriate in respect of any employee who becomes eligible to participate in the Plan or any portion thereof,
after the commencement of an award or incentive period.

 

10.9. 
Stock Certificates; Book Entry Procedures.   As soon as practicable after receipt of payment, the Company shall
deliver to the Optionee a certificate(s) for such shares of Stock. Upon receipt of such certificate(s), the Optionee shall
become a shareholder of the Company with respect to Stock represented by share certificates so issued and as such shall be fully
entitled to receive dividends, to vote and to exercise all other rights of a shareholder. All Stock certificates delivered pursuant
to the Plan are subject to any stop-transfer orders and other restrictions as the Committee deems necessary or advisable to comply
with federal, state, or foreign jurisdiction, securities or other laws, rules and regulations and the rules of any national
securities exchange or automated quotation system on which the Stock is listed, quoted, or traded. The Committee may place legends
on any Stock certificate to reference restrictions applicable to the Stock. In addition to the terms and conditions provided herein,
the Board may require that a Participant make such reasonable covenants, agreements, and representations as the Board, in its discretion,
deems advisable in order to comply with any such laws, regulations, or requirements. The Committee shall have the right to require
any Participant to comply with any timing or other restrictions with respect to the settlement or exercise of any Award, including
a window-period limitation, as may be imposed in the discretion of the Committee. Notwithstanding any other provision of the Plan,
unless otherwise determined by the Committee or required by any applicable law, rule or regulation, the Company shall not deliver
to any Participant certificates evidencing shares of Stock issued in connection with any Award and instead such shares of Stock
shall be recorded in the books of the Company (or, as applicable, its transfer agent or stock plan administrator).

 

    15

     

    

 

10.10.  Minimum Vesting.
Notwithstanding anything to the contrary set forth herein, at the time of grant, no Award will be granted that vests (or, if applicable,
is exercisable) until at least twelve (12) months following the date of grant of the Award; provided, however, that up to five
percent (5%) of the shares of Stock authorized for issuance under this Plan may be subject to Awards that do not meet the foregoing
vesting (and, if applicable, exercisability) requirements.

 

10.11.  Prohibition
on Buyout of Options and SARs. Notwithstanding anything to the contrary set forth herein, the Company shall not be permitted
at any time to buy from a Participant an Option or SAR previously granted with payment in cash, shares of Stock or other consideration.

 

ARTICLE
11

CHANGES IN CAPITAL STRUCTURE

 

11.1. 
Adjustments.

 

(a) 
In the event of any stock dividend, stock split, combination or exchange of shares, merger, consolidation, spin-off, recapitalization,
distribution of Company assets to stockholders (other than normal cash dividends), or any other corporate event affecting the Stock
or the share price of the Stock, the Committee may make such proportionate adjustments, if any, as the Committee in its discretion
may deem appropriate to reflect such changes with respect to (i) the aggregate number and type of shares that may be issued
under the Plan (including, but not limited to, adjustments of the limitations in Sections 3.1 and 3.3); (ii) the terms and
conditions of any outstanding Awards (including, without limitation, any applicable performance targets or criteria with respect
thereto); and (iii) the grant or exercise price per share for any outstanding Awards under the Plan. Any adjustment affecting
an Award intended as Qualified Performance-Based Compensation shall be made consistent with the requirements of Section 162(m) of
the Code.

 

    16

     

    

 

(b) 
In the event of any transaction or event described in Section 11.1(a) or any unusual or nonrecurring transactions or
events affecting the Company, any affiliate of the Company, or the financial statements of the Company or any affiliate (including
without limitation any Change in Control), or of changes in applicable laws, regulations or accounting principles, and whenever
the Committee determines that action is appropriate in order to prevent the dilution or enlargement of the benefits or potential
benefits intended to be made available under the Plan or with respect to any Award under the Plan, to facilitate such transactions
or events or to give effect to such changes in laws, regulations or principles, the Committee, in its sole discretion and on such
terms and conditions as it deems appropriate, either by amendment of the terms of any outstanding Awards or by action taken prior
to the occurrence of such transaction or event and either automatically or upon the Participant’s request, is hereby authorized
to take any one or more of the following actions:

 

(i)  
To provide for either (A) termination of any such Award in exchange for an amount of cash and/or other property, if any, equal
to the amount that would have been attained upon the exercise of such Award or realization of the Participant’s rights (and,
for the avoidance of doubt, if as of the date of the occurrence of the transaction or event described in this Section 11.1(b) the
Committee determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the
Participant’s rights, then such Award may be terminated by the Company without payment) or (B) the replacement of such
Award with other rights or property selected by the Committee in its sole discretion;

 

(ii) 
To provide that such Award be assumed by the successor or survivor corporation, or a parent or subsidiary thereof, or shall be
substituted for by similar options, rights or awards covering the stock of the successor or survivor corporation, or a parent or
subsidiary thereof, with appropriate adjustments as to the number and kind of shares and prices; and

 

(iii)  
To make adjustments in the number and type of shares of Stock (or other securities or property) subject to outstanding Awards,
and in the number and kind of outstanding Restricted Stock or Deferred Stock and/or in the terms and conditions of (including the
grant or exercise price), and the criteria included in, outstanding options, rights and awards and options, rights and awards which
may be granted in the future;

 

(iv)  
To provide that such Award shall be exercisable or payable or fully vested with respect to all shares covered thereby, notwithstanding
anything to the contrary in the Plan or the applicable Award Agreement; and

 

(v) 
To provide that the Award cannot vest, be exercised or become payable after such event.

 

11.2. 
Outstanding Awards—Other Changes.   In the event of any other change in the capitalization of the Company
or corporate change other than those specifically referred to in this Article 11, the Committee may, in its absolute discretion,
make such adjustments in the number and kind of shares or other securities subject to Awards outstanding on the date on which such
change occurs and in the per share grant or exercise price of each Award as the Committee may consider appropriate to prevent dilution
or enlargement of rights.

 

11.3. 
No Other Rights.   Except as expressly provided in the Plan, no Participant shall have any rights by reason of
any subdivision or consolidation of shares of stock of any class, the payment of any dividend, any increase or decrease in the
number of shares of stock of any class or any dissolution, liquidation, merger, or consolidation of the Company or any other corporation.
Except as expressly provided in the Plan or pursuant to action of the Committee under the Plan, no issuance by the Company of shares
of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof
shall be made with respect to, the number of shares of Stock subject to an Award or the grant or exercise price of any Award.

 

    17

     

    

 

ARTICLE
12

ADMINISTRATION

 

12.1. 
Committee.   The Board of Directors may delegate the administration of the Plan to a Compensation Committee (the
"Committee") in the event that such a committee is established by the Board of Directors and is comprised of persons
appointed by the Board of Directors of the Company in accordance with the provisions of Section 12.2; provided , however,
that the Board shall delegate administration of the Plan to a Committee as necessary to comply with the requirements of Section 162(m) of
the Code, Rule 16b-3 promulgated under the Exchange Act or to the extent required by any other applicable rule or regulation.
The Board shall exercise full power and authority regarding the administration of the Plan until such administration is delegated
to the Committee. Unless the context otherwise requires, references herein to the Committee shall be deemed to refer to the Board
of Directors until the administration of the Plan has been delegated to the Committee.

 

12.2. 
Committee Membership. The Committee shall be composed of one or more members of the Board. The Board shall have the power
to determine the number of members which the Committee shall have and to change the number of membership positions on the Committee
from time to time. The Board shall appoint all members of the Committee. The Board may from time to time appoint members to the
Committee in substitution for, or in addition to, members previously appointed and may fill vacancies, however caused, on the Committee.
Any member of the Committee may be removed from the Committee by the Board at any time with or without cause.

 

12.3. 
Certain Actions.  Notwithstanding the foregoing: (a) the full Board, acting by a majority of its members
in office, shall conduct the general administration of the Plan with respect to all Awards granted to Independent Directors and,
for purposes of such Awards, the term Committee as used in this Plan shall be deemed to refer to the Board and (b) the Committee
may delegate its authority hereunder to the extent permitted by Section 12.8.

 

12.4. 
Action by the Committee.   A majority of the Committee shall constitute a quorum. The acts of a majority of the
members present at any meeting at which a quorum is present, and acts approved in writing by a majority of the Committee in lieu
of a meeting, shall be deemed the acts of the Committee. Each member of the Committee is entitled to, in good faith, rely or act
upon any report or other information furnished to that member by any officer or other employee of the Company or any Subsidiary,
the Company’s independent certified public accountants, or any executive compensation consultant or other professional retained
by the Company to assist in the administration of the Plan.

 

12.5. 
Authority of Committee.   Subject to any specific designation in the Plan, the Committee has the exclusive power,
authority and discretion to:

 

(a) 
Designate Participants to receive Awards;

 

    18

     

    

 

(b) 
Determine the type or types of Awards to be granted to each Participant;

 

(c) 
Determine the number of Awards to be granted and the number of shares of Stock to which an Award will relate;

 

(d) 
Determine the terms and conditions of any Award granted pursuant to the Plan, including, but not limited to, the exercise price,
grant price, or purchase price, any restrictions or limitations on the Award, any schedule for lapse of forfeiture restrictions
or restrictions on the exercisability of an Award, and accelerations or waivers thereof, any provisions related to non-competition
and recapture of gain on an Award, based in each case on such considerations as the Committee in its sole discretion determines;

 

(e) 
Determine whether, to what extent, and pursuant to what circumstances an Award may be settled in, or the exercise price of an Award
may be paid in, cash, Stock, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered;

 

(f) 
Prescribe the form of each Award Agreement, which need not be identical for each Participant;

 

(g) 
Decide all other matters that must be determined in connection with an Award;

 

(h) 
Establish, adopt, or revise any rules and regulations as it may deem necessary or advisable to administer the Plan;

 

(i)  
Interpret the terms of, and any matter arising pursuant to, the Plan or any Award Agreement; and

 

(j)  
Make all other decisions and determinations that may be required pursuant to the Plan or as the Committee deems necessary or advisable
to administer the Plan.

 

The Committee may delegate to one or more of its members or
to one or more agents such administrative duties as it may deem advisable.

 

12.6. 
Decisions Binding.   The Committee’s interpretation of the Plan, any Awards granted pursuant to the Plan,
any Award Agreement and all decisions and determinations by the Committee with respect to the Plan are final, binding, and conclusive
on all parties.

 

12.7. 
Delegation of Authority.   To the extent permitted by applicable law, the Committee may from time to time delegate
to a committee of one or more members of the Committee or the Board or one or more officers of the Company the authority to grant
or amend Awards to Participants other than (a) senior executives of the Company who are subject to Section 16 of the
Exchange Act, (b) Covered Employees, or (c) officers of the Company (or members of the Board) to whom authority to grant
or amend Awards has been delegated hereunder. Any delegation hereunder shall be subject to the restrictions and limits that the
Committee specifies at the time of such delegation, and the Committee may at any time rescind the authority so delegated or appoint
a new delegatee. At all times, the delegatee appointed under this Section 112.5 shall serve in such capacity at the pleasure
of the Committee.

 

    19

     

    

 

12.8. 
Committee Administration.   One (1) member of the Committee shall be elected by the Board as chairman. The Committee
shall hold its meetings at such times and places as it shall deem advisable. The Committee may appoint a secretary and make such
rules and regulations for the conduct of its business as it shall deem advisable, and shall keep minutes of its meetings.

 

12.9. 
Liability.   No member of the Board or Committee shall be liable for any action taken or decision or determination
made in good faith with respect to any Option, the Plan, or any award thereunder.

 

ARTICLE
13

EFFECTIVE AND EXPIRATION DATE

 

13.1. 
Effective Date.   The Plan is effective as of the date the Plan is approved by the Committee (the “Effective
Date”). The Plan, however, shall be subject to approval by the stockholders. The Plan will be deemed to be approved by
the stockholders if it receives the affirmative vote of the holders of a majority of the shares of stock of the Company present
or represented and entitled to vote at a meeting duly held in accordance with the applicable provisions of the Company’s
Bylaws, but, in any event, held no later than twelve (12) months after adoption on the Effective Date.

 

13.2. 
Expiration Date.   The Plan will expire on, and no Incentive Stock Option or other Award may be granted pursuant
to the Plan after, the tenth (10th) anniversary of the of the Original 2013 Plan Effective Date. Any Awards that are
outstanding on the tenth (10th) anniversary of the Original 2013 Plan Effective Date shall remain in force according
to the terms of the Plan and the applicable Award Agreement.

 

ARTICLE
14

AMENDMENT, MODIFICATION, AND TERMINATION

 

14.1. 
Amendment, Modification, and Termination.   The Committee may at any time and from time to time terminate or modify
or amend the Plan in any respect, except that (a) to the extent necessary and desirable to comply with any applicable law,
regulation, or stock exchange rule, the Company shall obtain shareholder approval of any Plan amendment or any modification of
any Options that would be deemed a re-pricing under applicable rules, in such a manner and to such a degree as required, and (b) without
shareholder approval the Committee may not (i) increase the maximum number of shares of Stock which may be issued under the
Plan, (ii) extend the period during which any Award may be granted or exercised, (iii) amend to the Plan to permit the
Committee to grant Options with an exercise price that is below Fair Market Value on the date of grant, or (iv) extend the
term of the Plan. The termination or any modification or amendment of the Plan, except as provided in subsection (a), shall not
without the consent of a Participant, affect his or her other rights under an Award previously granted to him or her.

 

    20

     

    

 

14.2. 
Awards Previously Granted.   No termination, amendment, or modification of the Plan shall adversely affect in
any material way any Award previously granted pursuant to the Plan without the prior written consent of the Participant.

 

ARTICLE
15

COMPLIANCE WITH SECTION 409A OF THE CODE

 

15.1. 
Awards subject to Code Section 409A.   Any Award that constitutes, or provides for, a deferral of compensation
subject to Section 409A of the Code (a “Section 409A Award”) shall satisfy the requirements of Section 409A
of the Code and this Article 15, to the extent applicable. The Award Agreement with respect to a Section 409A Award shall
incorporate the terms and conditions required by Section 409A of the Code and this Article 15.

 

15.2. 
Distributions under a Section 409A Award.

 

(a) 
Subject to subsection (b), any shares of Stock or other property or amounts to be paid or distributed upon the grant, issuance,
vesting, exercise or payment of a Section 409A Award shall be distributed in accordance with the requirements of Section 409A(a)(2) of
the Code, and shall not be distributed earlier than:

 

(i)  
the Participant’s separation from service, as determined by the Secretary of the Treasury;

 

(ii) 
the date the Participant becomes disabled;

 

(iii)  
the Participant’s death;

 

(iv)  
a specified time (or pursuant to a fixed schedule) specified under the Award Agreement at the date of the deferral compensation;

 

(v) 
to the extent provided by the Secretary of the Treasury, a change in the ownership or effective control of the Company or a Parent
or Subsidiary, or in the ownership of a substantial portion of the assets of the Company or a Parent or Subsidiary; or

 

(vi)  
the occurrence of an unforeseeable emergency with respect to the Participant.

 

(b) 
In the case of a Participant who is a “specified employee,” the requirement of paragraph (a)(i) shall be met only
if the distributions with respect to the Section 409A Award may not be made before the date which is six months after the
Participant’s separation from service (or, if earlier, the date of the Participant’s death). For purposes of this subsection
(b), a Participant shall be a “specified employee” if such Participant is a key employee (as defined in Section 416(i) of
the Code without regard to paragraph (5) thereof) of a corporation any stock of which is publicly traded on an established
securities market or otherwise, as determined under Section 409A(a)(2)(B)(i) of the Code and the Treasury Regulations
thereunder.

 

    21

     

    

 

(c) 
The requirement of paragraph (a)(vi) shall be met only if, as determined under Treasury Regulations under Section 409A(a)(2)(B)(ii) of
the Code, the amounts distributed with respect to the unforeseeable emergency do not exceed the amounts necessary to satisfy such
unforeseeable emergency plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution, after taking
into account the extent to which such unforeseeable emergency is or may be relieved through reimbursement or compensation by insurance
or otherwise or by liquidation of the Participant’s assets (to the extent the liquidation of such assets would not itself
cause severe financial hardship).

 

(d) 
For purposes of this Section, the terms specified therein shall have the respective meanings ascribed thereto under Section 409A
of the Code and the Treasury Regulations thereunder.

 

15.3. 
Prohibition on Acceleration of Benefits.   The time or schedule of any distribution or payment of any shares of
Stock or other property or amounts under a Section 409A Award shall not be accelerated, except as otherwise permitted under
Section 409A(a)(3) of the Code and the Treasury Regulations thereunder.

 

15.4. 
Elections under Section 409A Awards.

 

(a) 
Any deferral election provided under or with respect to an Award to any Eligible Individual, or to the Participant holding a Section 409A
Award, shall satisfy the requirements of Section 409A(a)(4)(B) of the Code, to the extent applicable, and, except as
otherwise permitted under paragraph (i) or (ii) below, any such deferral election with respect to compensation for services
performed during a taxable year shall be made not later than the close of the preceding taxable year, or at such other time as
provided in Treasury Regulations.

 

(i)  
In the case of the first year in which an Eligible Individual or a Participant holding a Section 409A Award, becomes eligible
to participate in the Plan, any such deferral election may be made with respect to services to be performed subsequent to the election
with thirty days after the date the Eligible Individual, or the Participant holding a Section 409A Award, becomes eligible
to participate in the Plan, as provided under Section 409A(a)(4)(B)(ii) of the Code.

 

(ii) 
In the case of any performance-based compensation based on services performed by an Eligible Individual, or the Participant holding
a Section 409A Award, over a period of at least twelve months, any such deferral election may be made no later than six months
before the end of the period, as provided under Section 409A(a)(4)(B)(iii) of the Code.

 

(b) 
In the event that a Section 409A Award permits, under a subsequent election by the Participant holding such Section 409A
Award, a delay in a distribution or payment of any shares of Stock or other property or amounts under such Section 409A Award,
or a change in the form of distribution or payment, such subsequent election shall satisfy the requirements of Section 409A(a)(4)(C) of
the Code, and:

 

(i)  
such subsequent election may not take effect until at least twelve months after the date on which the election is made,

 

(ii) 
in the case such subsequent election relates to a distribution or payment not described in Section 10.2(a)(ii), (iii) or
(vi), the first payment with respect to such election may be deferred for a period of not less than five years from the date such
distribution or payment otherwise would have been made, and

 

    22

     

    

 

(iii)   in the case such subsequent
election relates to a distribution or payment described in Section 10.2(a)(iv), such election may not be made less than twelve
months prior to the date of the first scheduled distribution or payment under Section 10.2(a)(iv).

 

15.5. 
Compliance in Form and Operation.  A Section 409A Award, and any election under or with respect to such Section 409A
Award, shall comply in form and operation with the requirements of Section 409A of the Code and the Treasury Regulations
thereunder.

 

ARTICLE 16

GENERAL PROVISIONS

 

16.1. 
No Rights to Awards.   No Eligible Individual or other person shall have any claim to be granted any Award pursuant
to the Plan, and neither the Company nor the Committee is obligated to treat Eligible Individuals, Participants or any other persons
uniformly.

 

16.2. 
Privileges of Stock Ownership; Voting and Dividends.   Except to the extent that the Committee grants an Award
that entitles the Participant to credit for dividends paid on shares of Stock subject to such Award prior to the vesting of such
Award and issuance of the subject shares to the Participant (as reflected in the Award Agreement), no Participant will have any
of the rights of a stockholder with respect to any such shares until such Award vests (or applicable restrictions or forfeiture
conditions lapse) and the subject shares are issued to the Participant. For the avoidance of doubt, in the event the Committee
grants an Award that entitles a Participant to credit for dividends on shares of Stock subject to such Award prior to the date
such Award vests (or applicable restrictions or forfeiture conditions lapse) and the subject shares are issued, dividends shall
not be paid to a Participant until such Award vests (or applicable restrictions or forfeiture conditions lapse) and the subject
shares are issued with respect to such Award. Upon satisfaction of the foregoing conditions, the Participant will be a stockholder
and have all the rights of a stockholder with respect to such shares, including the right to vote and receive all dividends or
other distributions made or paid with respect to such shares; provided, that if such shares are restricted stock, then any new,
additional or different securities the Participant may become entitled to receive with respect to such shares by virtue of a stock
dividend, stock split or any other change in the corporate or capital structure of the Company will be subject to the same restrictions
as the restricted stock; provided, further, that the Participant will have no right to retain such stock dividends or stock distributions
with respect to shares of Stock that are repurchased at the Participant’s original purchase price or otherwise forfeited
to the Company.

 

16.3. 
Withholding.   The Company or any Subsidiary shall have the authority and the right to deduct or withhold, or
require a Participant to remit to the Company, an amount sufficient to satisfy minimum federal, state, local and foreign taxes
(including the Participant’s FICA obligation) required by law to be withheld with respect to any taxable event concerning
a Participant arising as a result of this Plan. The Committee may in its discretion and in satisfaction of the foregoing requirement
allow a Participant to elect to have the Company withhold shares of Stock otherwise issuable under an Award (or allow the return
of shares of Stock) having a Fair Market Value equal to the sums required to be withheld. Notwithstanding any other provision of
the Plan, the number of shares of Stock which may be withheld with respect to the issuance, vesting, exercise or payment of any
Award (or which may be repurchased from the Participant of such Award within six (6) months (or such other period as may be determined
by the Committee) after such shares of Stock were acquired by the Participant from the Company) in order to satisfy the Participant’s
minimum federal, state, local and foreign income and payroll tax liabilities with respect to the issuance, vesting, exercise or
payment of the Award shall be limited to the number of shares which have a Fair Market Value on the date of withholding or repurchase
equal to the aggregate amount of such minimum liabilities based on the statutory withholding rates for federal, state, local and
foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income.

 

    23

     

    

 

16.4. 
No Right to Employment or Services.   Nothing in the Plan or any Award Agreement shall interfere with or limit
in any way the right of the Company or any Subsidiary to terminate any Participant’s employment or services at any time,
nor confer upon any Participant any right to continue in the employ or service of the Company or any Subsidiary.

 

16.5. 
Unfunded Status of Awards.   The Plan is intended to be an “unfunded” plan for incentive compensation.
With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement
shall give the Participant any rights that are greater than those of a general creditor of the Company or any Subsidiary.

 

16.6. 
Indemnification.   To the extent allowable pursuant to applicable law, each member of the Committee or of the
Board shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon
or reasonably incurred by such member in connection with or resulting from any claim, action, suit, or proceeding to which he or
she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and against
and from any and all amounts paid by him or her in satisfaction of judgment in such action, suit, or proceeding against him or
her; provided he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or
she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive
of any other rights of indemnification to which such persons may be entitled pursuant to the Company’s Certificate of Incorporation
or Bylaws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.

 

16.7. 
Relationship to other Benefits.   No payment pursuant to the Plan shall be taken into account in determining any
benefits pursuant to any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company
or any Subsidiary except to the extent otherwise expressly provided in writing in such other plan or an agreement thereunder.

 

16.8. 
Expenses.   The expenses of administering the Plan shall be borne by the Company and its Subsidiaries.

 

16.9. 
Titles and Headings.   The titles and headings of the Sections in the Plan are for convenience of reference only
and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control.

 

    24

     

    

 

16.10.  Fractional Shares.  
No fractional shares of Stock shall be issued and the Committee shall determine, in its discretion, whether cash shall be given
in lieu of fractional shares or whether such fractional shares shall be eliminated by rounding up or down as appropriate.

 

16.11.  Limitations Applicable
to Section 16 Persons.   Notwithstanding any other provision of the Plan, the Plan and any Award granted or
awarded to any Participant who is then subject to Section 16 of the Exchange Act 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 law,
the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such applicable
exemptive rule.

 

16.12.  Government and
Other Regulations.   The obligation of the Company to make payment of awards in Stock or otherwise shall be subject
to all applicable laws, rules, and regulations, and to such approvals by government agencies as may be required. The Company shall
be under no obligation to register pursuant to the Securities Act of 1933, as amended, any of the shares of Stock paid pursuant
to the Plan. If the shares paid pursuant to the Plan may in certain circumstances be exempt from registration pursuant to the Securities
Act of 1933, as amended, the Company may restrict the transfer of such shares in such manner as it deems advisable to ensure the
availability of any such exemption.

 

16.13.  Governing Law.  
The Plan and all Award Agreements shall be construed in accordance with and governed by the laws of the State of Delaware.

 

*  *  *  *  *

 

I hereby certify that the foregoing Plan
was duly adopted by the Compensation Committee of the Board of Directors of ZAGG Inc on April 20, 2017.

 

	 	/s/
    Daniel Maurer
	 	Daniel Maurer,
    Chair
	 	Compensation
    Committee

 

*  *  *  *  *

 

I hereby certify that the foregoing Plan
was approved by the stockholders of ZAGG Inc on June 22, 2017.

 

	 	/s/
    Cheryl A. Larabee
	 	Cheryl
    A. Larabee, Chair
	 	ZAGG
    Inc Board of Directors

 

 

25

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00272-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00272-of-00352.parquet"}]]