Document:

EX-10.8

 Exhibit 10.8 

INDEMNITY AGREEMENT 

THIS INDEMNITY AGREEMENT (this “Agreement”) dated as of
[____________], is made by and between SURROZEN, INC., a Delaware corporation (the “Company” or “Surrozen” ), and ____________ (“Indemnitee” ).

 RECITALS 

A. The Company desires to attract and retain the services of highly qualified individuals as directors, officers, employees and agents.

 B. The Company’s bylaws (the “Bylaws”) require that the Company indemnify its directors and officers, and
empowers the Company to indemnify its employees and agents, as authorized by the Delaware General Corporation Law, as amended (the “Code”), under which the Company is organized and such Bylaws expressly provide that the
indemnification provided therein is not exclusive and contemplates that the Company may enter into separate agreements with its directors, officers and other persons to set forth specific indemnification provisions. 

C. Indemnitee does not regard the protection currently provided by applicable law, the Bylaws, the Company’s other governing
documents, and available insurance as adequate under the present circumstances, and the Company has determined that Indemnitee and other directors, officers, employees and agents of the Company may not be willing to serve or continue to serve in
such capacities without additional protection. 
 D. The Company desires and has requested Indemnitee to serve or continue to serve
as a director, officer, employee or agent of the Company, as the case may be, and has proffered this Agreement to Indemnitee as an additional inducement to serve in such capacity. 

E. Indemnitee is willing to serve, or to continue to serve, as a director, officer, employee or agent of the Company, as the case may
be, if Indemnitee is furnished the indemnity provided for herein by the Company. 
 AGREEMENT 

NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein,
the parties hereto, intending to be legally bound, hereby agree as follows: 
 1. Definitions. 

(a) Agent. For purposes of this Agreement, the term “Agent” of the Company means any person who: (i) is or was a
director, officer, employee, agent, or other fiduciary of the Company or a subsidiary of the Company; or (ii) is or was serving at the request or for the convenience of, or representing the interests of, the Company or a subsidiary of the
Company, as a director, officer, employee, agent, or other fiduciary of a foreign or domestic corporation, partnership, joint venture, trust or other enterprise. 

(b) Change in Control. For purposes of this Agreement, a “Change in Control” shall be deemed to have occurred if
(i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a
corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 20% or more of the total voting power represented by the Company’s then outstanding Voting Securities,
(ii) individuals who on the date of this Agreement are members of the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of 

  
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the members of the Board (provided, however, that if the appointment or election (or nomination for election) of any new Board member was approved or recommended by a majority vote
of the members of the Incumbent Board then still in office, such new member shall be considered as a member of the Incumbent Board), or (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other
corporation, other than a merger or consolidation which would result in the Voting Securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into Voting Securities
of the surviving entity) at least 80% of the total voting power represented by the Voting Securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the stockholders of the Company approve a
plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of (in one transaction or a series of transactions) all or substantially all of the Company’s assets. 

(c) Expenses. For purposes of this Agreement, the term “Expenses” shall be broadly construed and shall include, without
limitation, all direct and indirect costs of any type or nature whatsoever (including, without limitation, all attorneys’, witness, or other professional fees and related disbursements, and other out-of-pocket costs of whatever nature) actually and reasonably incurred by Indemnitee in connection with the investigation, defense or appeal of a proceeding or establishing or enforcing a right to
indemnification under this Agreement, the Code or otherwise. 
 (d) Enterprise. For purposes of this Agreement, the term
“Enterprise” means any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other entity for which Indemnitee is or was serving at the request of the Company as a director, officer,
employee, or Agent 
 (e) Independent Counsel. For purposes of this Agreement, the term “Independent Counsel” means a
law firm, or a partner (or, if applicable, member) of such a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five (5) years has been, retained to represent: (i) the Company or
Indemnitee in any matter material to either such party, or (ii) any other party to the proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include
any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. The
Company will pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any and all expenses, claims, liabilities and damages arising out of or relating to this Agreement or its
engagement pursuant hereto. 
 (f) Liabilities. For purposes of this Agreement, the term “Liabilities” shall be
broadly construed and shall include, without limitation, judgments, damages, deficiencies, liabilities, losses, penalties, excise taxes, fines, assessments and amounts paid in settlement, including any interest and any federal, state, local or
foreign taxes imposed as a result of the actual or deemed receipt of any payment under this Agreement. 
 (g) Proceedings. For
purposes of this Agreement, the term “proceeding” shall be broadly construed and shall include, without limitation, any threatened, pending, or completed action, suit, claim, counterclaim, cross claim, arbitration, mediation, alternate
dispute resolution mechanism, investigation, inquiry, administrative hearing, or any other actual, threatened or completed proceeding, whether brought in the right of the Company or otherwise and whether of a civil, criminal, administrative or
investigative nature, and whether formal or informal in any case, in which Indemnitee was, is or will be involved as a party, potential party, non-party witness, or otherwise by reason of: (i) the fact
that Indemnitee is or was a director or officer of the Company; (ii) the fact that any action taken by Indemnitee (or a failure to take action by Indemnitee) or of any action (or failure to act) on Indemnitee’s part while acting as an
Agent; or (iii) the fact that Indemnitee is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan, or other enterprise, and in any
such case described above, whether or not serving in any such capacity at the time any liability or Expense is incurred for which indemnification, reimbursement, or advancement of Expenses may be provided under this Agreement. If the Indemnitee
believes in good faith that a given situation may lead to or culminate in the institution of a proceeding, this shall be considered a proceeding under this paragraph. 

  
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 (h) Subsidiary. For purposes of this Agreement, the term
“subsidiary” means any corporation, limited liability company, or other entity, of which more than 50% of the outstanding voting securities or equity interests are owned, directly or indirectly, by the Company and one or more of its
subsidiaries, and any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as an Agent. 

(i) Voting Securities. For purposes of this Agreement, “Voting Securities” shall mean any securities of
the Company that vote generally in the election of directors. 
 2. Agreement to Serve. Indemnitee will serve, or continue to
serve, as the case may be, as an Agent, faithfully and to the best of his or her ability, at the will of such entity designated by the Company and at the request of the Company (or under separate agreement, if such agreement exists), in the capacity
Indemnitee currently serves such entity, so long as Indemnitee is duly appointed or elected and qualified in accordance with the applicable provisions of the governance documents of such entity, or until such time as Indemnitee tenders his or her
resignation in writing; provided, however, that nothing contained in this Agreement is intended as an employment agreement between Indemnitee and the Company or any of its subsidiaries or to create any right to continued employment of Indemnitee
with the Company or any of its subsidiaries in any capacity. 
 The Company acknowledges that it has entered into this Agreement and assumes
the obligations imposed on it hereby, in addition to and separate from its obligations to Indemnitee under the Bylaws, to induce Indemnitee to serve, or continue to serve, as an Agent, and the Company acknowledges that Indemnitee is relying upon
this Agreement in serving as an Agent. 
 3. Indemnification. 

(a) Indemnification in Third Party Proceedings. Subject to Section 10 below, the Company shall indemnify Indemnitee to the
fullest extent permitted by the Code, as the same may be amended from time to time (but, to the fullest extent of the law, only to the extent that such amendment permits Indemnitee to broader indemnification rights than the Code permitted prior to
adoption of such amendment), if Indemnitee is a party to or threatened to be made a party to or otherwise involved in any proceeding, other than a proceeding by or in the right of the Company to procure a judgment in its favor, for any and all
Expenses and Liabilities (including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses and Liabilities) incurred by Indemnitee in connection with the investigation, defense, settlement or
appeal of such proceeding, if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company and, in the case of a criminal proceeding had no reasonable cause to believe
that Indemnitee’s conduct was unlawful. The parties hereto intend that this Agreement shall provide to the fullest extent permitted by law for indemnification in excess of that expressly permitted by statute, including, without limitation, any
indemnification provided by the Certificate of Incorporation of the Company, the Bylaws, vote of its stockholders or disinterested directors, or applicable law. 

(b) Indemnification in Derivative Actions and Direct Actions by the Company. Subject to Section 10 below, the Company shall
indemnify Indemnitee to the fullest extent permitted by the Code, as the same may be amended from time to time (but, fullest extent permitted by applicable law, only to the extent that such amendment permits Indemnitee to broader indemnification
rights than the Code permitted prior to adoption of such amendment), if Indemnitee is a party to or threatened to be made a party to or otherwise involved in any proceeding by or in the right of the Company to procure a judgment in its favor,
against any and all Expenses actually and reasonably incurred by Indemnitee in connection with the investigation, defense, settlement, or appeal of such proceedings, if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to
be in or not opposed to the best interests of the Company. No indemnification for Expenses shall be made under this Section 3(b) in respect of any claim, issue or matter 

  
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as to which Indemnitee shall have been finally adjudged by a court competent jurisdiction to be liable to the Company, unless and only to the extent that the Chancery Court of the State of
Delaware or any court in which the proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification.

 4. Indemnification of Expenses of Successful Party. To the fullest extent permitted by law, the Company shall indemnify
Indemnitee against all Expenses in connection with a proceeding to the extent that Indemnitee has been successful on the merits or otherwise in defense of any proceeding or in defense of any claim, issue or matter therein, in whole or part,
including the dismissal of any action without prejudice. If Indemnitee is not wholly successful in such proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such proceeding, the
Company shall indemnify Indemnitee against all Expenses incurred by Indemnitee or on Indemnitee’s behalf in connection with or related to each successfully resolved claim, issue or matter to the fullest extent permitted by law. 

5. Partial Indemnification; Witness Indemnification. If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for some or a portion of any Expenses and Liabilities incurred by Indemnitee in the investigation, defense, settlement or appeal of a proceeding, but is precluded by applicable law or the specific terms of this
Agreement to indemnification for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled. Notwithstanding any other provision of this Agreement, to the fullest extent
permitted by applicable law and to the extent that Indemnitee is, by reason of Indemnitee’s acting as an Agent, a witness or otherwise asked to participate in any proceeding to which Indemnitee is not a party, Indemnitee shall be indemnified
against all Expenses incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. 
 6. Advancement of
Expenses. To the extent not prohibited by law, the Company shall advance the Expenses incurred by Indemnitee in connection with any proceeding, and such advancement shall be made within twenty (30) days after the receipt by the Company of a
statement or statements requesting such advances (which shall include invoices received by Indemnitee in connection with such Expenses but, in the case of invoices in connection with legal services, any references to legal work performed or to
expenditures made that would cause Indemnitee to waive any privilege accorded by applicable law shall not be included with the invoice). Advances shall be unsecured, interest free and without regard to Indemnitee’s ability to repay the
Expenses. Advances shall include any and all Expenses incurred by Indemnitee pursuing an action to enforce Indemnitee’s right to indemnification under this Agreement or otherwise and this right of advancement, including expenses incurred
preparing and forwarding statements to the Company to support the advances claimed. Indemnitee acknowledges that the execution and delivery of this Agreement shall constitute an undertaking providing that Indemnitee shall, to the fullest extent
required by law, repay the advance (without interest) if and to the extent that it is ultimately determined by a court of competent jurisdiction in a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified by the
Company. The right to advances under this Section shall continue until final disposition of any proceeding, including any appeal therein. This Section 6 shall not apply to any claim made by Indemnitee for which indemnity is excluded pursuant to
Section 10(b). 
 7. Notice and Other Indemnification Procedures. 

(a) Notification of Proceeding. Indemnitee will notify the Company in writing promptly upon being served with any summons,
citation, subpoena, complaint, indictment, information or other document relating to any proceeding or matter which may be subject to indemnification or advancement of Expenses covered hereunder. The written notification to the Company shall include
a description of the nature of the proceeding and the facts underlying the proceeding. The failure of Indemnitee to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement or
otherwise and any delay in so notifying the Company shall not constitute a waiver by Indemnitee of any rights under this Agreement. The Company will be entitled to participate in the proceeding at its own expense. 

  
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 (b) Request for Indemnification Payments. To obtain indemnification under this
Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent
Indemnitee is entitled to indemnification under the terms of this Agreement, and shall request payment thereof by the Company. 
 (c)
Determination of Right to Indemnification Payments. Upon written request by Indemnitee for indemnification pursuant to the Section 7(b) hereof, a determination with respect to Indemnitee’s entitlement thereto shall be made in the
specific case by one of the following four methods, which shall be at the election of the Board of Directors: (1) by a majority vote of the disinterested directors, even though less than a quorum, (2) by a committee of disinterested
directors designated by a majority vote of the disinterested directors, even though less than a quorum, (3) if there are no disinterested directors or if the disinterested directors so direct, by Independent Counsel in a written opinion to the
Board of Directors, a copy of which shall be delivered to the Indemnitee, or (4) if so directed by the Board of Directors, by the stockholders of the Company; provided, however, that if there has been a Change in Control, then
such determination shall be made by Independent Counsel selected by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld). For purposes hereof, disinterested directors are those members of the board of directors
of the Company who are not parties to the action, suit or proceeding in respect of which indemnification is sought by Indemnitee. Indemnification payments requested by Indemnitee under Section 3 hereof shall be made by the Company within sixty
(60) days after the later or (1) receipt of the written request of Indemnitee and (2) the final disposition of the Proceeding for which Indemnification is sought. Claims for advancement of Expenses shall be made under the provisions
of Section 6 herein. 
 (d) Application for Enforcement. In the event the Company fails to make timely payments as set
forth in Sections 6 or 7(c) above, Indemnitee shall have the right to apply to the Chancery Court of the State of Delaware for the purpose of enforcing Indemnitee’s right to indemnification or advancement of Expenses pursuant to this Agreement.
In such an enforcement hearing or proceeding, the burden of proof shall be on the Company to prove that indemnification or advancement of Expenses to Indemnitee is not required under this Agreement or permitted by applicable law. Any determination
by the Company (including its Board of Directors, a committee thereof, Independent Counsel) or stockholders, that Indemnitee is not entitled to indemnification hereunder, shall not be a defense by the Company to the action nor create any presumption
that Indemnitee is not entitled to indemnification or advancement of Expenses hereunder. 
 (e) Indemnification of Certain
Expenses. The Company shall indemnify Indemnitee against all Expenses incurred in connection with any hearing or proceeding under this Section 7 unless the Company prevails in such hearing or proceeding on the merits in all material
respects. 
 8. Presumptions and Effect of Certain Proceedings. 

(a) In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such
determination will, to the fullest extent not prohibited by law, presume Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 7 of this Agreement,
and the Company will, to the fullest extent not prohibited by law, have the burden of proof to overcome that presumption. Neither the failure of the Company (including by its directors or Independent Counsel) to have made a determination prior to
the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company (including by its directors or
Independent Counsel) that Indemnitee has not met such applicable standard of conduct, will be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct. 

  
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 (b) If the determination of the Indemnitee’s entitlement to indemnification has
not made pursuant to Section 7 within sixty (60) days after the later of (i) receipt by the Company of Indemnitee’s request for indemnification pursuant to Section 7 and (ii) the final disposition of the Proceeding for
which Indemnitee requested Indemnification (the “Determination Period”), the requisite determination of entitlement to indemnification will, to the fullest extent not prohibited by law, be deemed to have been made and Indemnitee will be
entitled to such indemnification, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for
indemnification, or (ii) a prohibition of such indemnification under applicable law. The Determination Period may be extended for a reasonable time, not to exceed an additional thirty (30) days, if the person, persons or entity making the
determination with respect to entitlement to indemnification in good faith requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto; and provided, further, the Determination Period may be
extended an additional fifteen (15) days if the determination of entitlement to indemnification is to be made by the stockholders pursuant to Section 7(c) of this Agreement. 

(c) The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a
plea of nolo contendere or its equivalent, will not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in
good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that Indemnitee’s conduct
was unlawful. 
 (d) For purposes of any determination of good faith, Indemnitee will be deemed to have acted in good faith if
Indemnitee acted based on the records or books of account of the Company, its subsidiaries, or an Enterprise, including financial statements, or on information supplied to Indemnitee by the directors or officers of the Company, its subsidiaries, or
an Enterprise in the course of their duties, or on the advice of legal counsel for the Company, its subsidiaries, or an Enterprise or on information or records given or reports made to the Company or an Enterprise by an independent certified public
accountant or by an appraiser, financial advisor or other expert selected with reasonable care by or on behalf of the Company, its subsidiaries, or an Enterprise. Further, Indemnitee will be deemed to have acted in a manner “not opposed to the
best interests of the Company,” as referred to in this Agreement if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan. The
provisions of this Section 8(d) is not exclusive and does not limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. 

(e) The knowledge and/or actions, or failure to act, of any director, officer, trustee, partner, managing member, fiduciary, agent or
employee of the Enterprise may not be imputed to Indemnitee for purposes of determining Indemnitee’s right to indemnification under this Agreement. 

9. Insurance. To the extent that the Company maintains an insurance policy or policies providing liability insurance for Agents
or for agents of any other Enterprise, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such Agent or agent under such policy or policies. If, at the
time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director and officer liability insurance in effect or otherwise potentially available, the Company shall give prompt notice of the commencement of such
proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as
a result of such proceeding in accordance with the terms of such policies. 
 10. Exceptions. 

(a) Certain Matters. Any provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the
terms of this Agreement to indemnify Indemnitee on account of any proceeding with respect to: (i) remuneration paid to Indemnitee if it is determined by final judgment or other final adjudication that such remuneration was in violation of law
(and, in this respect, both the Company and Indemnitee have been advised that the Securities and Exchange Commission believes 

  
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that indemnification for liabilities arising under the federal securities laws is against public policy and is, therefore, unenforceable and that claims for indemnification should be submitted to
appropriate courts for adjudication, as indicated in Section 10(d) below); (ii) a final judgment rendered against Indemnitee for an accounting, disgorgement or repayment of profits made from the purchase or sale by Indemnitee of securities of
the Company against Indemnitee pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934, as amended, or other provisions of any federal, state or local statute or rules and regulations thereunder; or (iii) a final
judgment or other final adjudication that Indemnitee’s conduct was in bad faith, knowingly fraudulent or deliberately dishonest or constituted willful misconduct (but only to the extent of such specific determination); or (iv) on account
of conduct that is established by a final judgment as constituting a breach of Indemnitee’s duty of loyalty to the Company or resulting in any personal profit or advantage to which Indemnitee is not legally entitled. For purposes of the
foregoing sentence, a final judgment or other adjudication may be reached in either the underlying proceeding or action in connection with which indemnification is sought or a separate proceeding or action to establish rights and liabilities under
this Agreement. 
 (b) Claims Initiated by Indemnitee. Any provision herein to the contrary notwithstanding, the Company shall
not be obligated to indemnify or advance Expenses to Indemnitee with respect to proceedings or claims initiated or brought by Indemnitee against the Company or its Agents and not by way of defense, except (i) with respect to proceedings brought
to establish or enforce a right to indemnification or advancement under this Agreement or under any other agreement, provision in the Bylaws or Certificate of Incorporation or applicable law, or (ii) with respect to any other proceeding
initiated by Indemnitee that is either approved by the Board of Directors or Indemnitee’s participation is required by applicable law. However, indemnification or advancement of Expenses may be provided by the Company in specific cases if the
Board of Directors determines it to be appropriate. 
 (c) Unauthorized Settlements. Any provision herein to the contrary
notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement to indemnify Indemnitee under this Agreement for any amounts paid in settlement of a proceeding effected without the Company’s written consent. Neither
the Company nor Indemnitee shall unreasonably withhold consent to any proposed settlement; provided, however, that the Company may in any event decline to consent to (or to otherwise admit or agree to any liability for indemnification hereunder in
respect of) any proposed settlement if the Company is also a party in such proceeding and determines in good faith that such settlement is not in the best interests of the Company and its stockholders. 

(d) Securities Act Liabilities. Any provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant
to the terms of this Agreement to indemnify Indemnitee or otherwise act in violation of any undertaking appearing in and required by the rules and regulations promulgated under the Securities Act of 1933, as amended (the “Act” ), or
in any registration statement filed with the SEC under the Act. Indemnitee acknowledges that paragraph (h) of Item 512 of Regulation S-K currently generally requires the Company to undertake in connection
with any registration statement filed under the Act to submit the issue of the enforceability of Indemnitee’s rights under this Agreement in connection with any liability under the Act on public policy grounds to a court of appropriate
jurisdiction and to be governed by any final adjudication of such issue. Indemnitee specifically agrees that any such undertaking shall supersede the provisions of this Agreement and to be bound by any such undertaking. 

(e) Prior Payments. The Company shall not be obligated pursuant to the terms of this Agreement to indemnify or advance Expenses
to Indemnitee under this Agreement for which payment has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision, except to the extent made by the Associated Party (as defined below) as provided in
Section 13 and except with respect to any excess beyond the amount paid under any insurance policy or indemnity policy. 
 11.
Nonexclusivity and Survival of Rights. The provisions for indemnification and advancement of Expenses set forth in this Agreement shall not be deemed exclusive of any other rights which Indemnitee may at any time be entitled under any
provision of applicable law, the Company’s Certificate of Incorporation, Bylaws or other agreements, both as to action in, Indemnitee’s official capacity and Indemnitee’s action as an Agent, in any court in which a proceeding is
brought, and Indemnitee’s rights 

  
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hereunder shall continue after Indemnitee has ceased acting as an Agent and shall inure to the benefit of the heirs, executors, administrators and assigns of Indemnitee. The obligations and
duties of the Company to Indemnitee under this Agreement shall be binding on the Company and its successors and assigns until terminated in accordance with its terms. The Company shall require any successor (whether direct or indirect, by purchase,
merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform
if no such succession had taken place. 
 No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or
restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his or her corporate status prior to such amendment, alteration or repeal. To the extent that a change in the Code, whether by
statute or judicial decision, permits greater indemnification or advancement of Expenses than would be afforded currently under the Company’s Certificate of Incorporation, Bylaws and this Agreement, it is the intent of the parties hereto that
Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in
addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, by Indemnitee shall not prevent the concurrent
assertion or employment of any other right or remedy by Indemnitee. 
 12. Term. This Agreement shall continue until and
terminate upon the later of: (a) ten (10) years after the date that Indemnitee shall have ceased to serve as an Agent; or (b) one (1) year after the final termination of any proceeding, including any appeal then pending, in respect to
which Indemnitee was granted rights of indemnification or advancement of Expenses hereunder. 
 13. Other Rights to Indemnification
or Advancement; Subrogation. 
 (a) The Company hereby acknowledges that Indemnitee may have certain rights to indemnification,
advancement of Expenses and/or insurance provided by one or more other Persons, other than an Enterprise, with whom or which Indemnitee may be associated (including, without limitation, [__________], (the “Associated Party”)). The
relationship between the Company and such other Persons with respect to the Indemnitee’s rights to indemnification, advancement of Expenses, and insurance is described by this subsection, subject to the provisions of subsection (b) of this
Section 13 with respect to a proceeding concerning Indemnitee’s status with an Enterprise. 
 (i) The Company hereby
acknowledges and agrees: 
 (1) the Company is the indemnitor of first resort with respect to any request for indemnification or
advancement of Expenses made pursuant to this Agreement concerning any proceeding; 
 (2) the Company is primarily liable for all
indemnification and indemnification or advancement of Expenses obligations for any Proceeding, whether created by law, organizational or constituent documents, contract (including this Agreement) or otherwise; 

(3) any obligation of any other Persons with whom or which Indemnitee may be associated (including, without limitation, the Associated
Party) to indemnify Indemnitee and/or advance Expenses to Indemnitee in respect of any proceeding are secondary to the obligations of the Company’s obligations; 

(4) the Company will indemnify Indemnitee and advance Expenses to Indemnitee hereunder to the fullest extent provided herein without
regard to any rights Indemnitee may have against any other Person with whom or which Indemnitee may be associated (including, the Associated Party) or insurer of any such Person; and 

  
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 (ii) the Company irrevocably waives, relinquishes and releases (A) any other
Person with whom or which Indemnitee may be associated (including, without limitation, the Associated Party) from any claim of contribution, subrogation, reimbursement, exoneration or indemnification, or any other recovery of any kind in respect of
amounts paid by the Company to Indemnitee pursuant to this Agreement and (B) any right to participate in any claim or remedy of Indemnitee against any Person (including, without limitation, the Associated Party), whether or not such claim,
remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from any Person (including, without limitation, the Associated Party), directly or indirectly, in cash or other
property or by set-off or in any other manner, payment or security on account of such claim, remedy or right. 

(iii) In the event any other Person with whom or which Indemnitee may be associated (including, without limitation, the Associated
Party) or their insurers advances or extinguishes any liability or loss for Indemnitee, the payor has a right of subrogation against the Company or its insurers for all amounts so paid which would otherwise be payable by the Company or its insurers
under this Agreement. In no event will payment by any other Person with whom or which Indemnitee may be associated (including, without limitation, the Associated Party) or their insurers affect the obligations of the Company hereunder or shift
primary liability for the Company’s obligation to indemnify or advance of Expenses to any other Person with whom or which Indemnitee may be associated (including, without limitation, the Associated Party). 

(iv) Any indemnification or advancement of Expenses provided by any other Person with whom or which Indemnitee may be associated
(including, without limitation, the Associated Party) is specifically in excess over the Company’s obligation to indemnify and advance Expenses or any valid and collectible insurance (including but not limited to any malpractice insurance or
professional errors and omissions insurance) provided by the Company. 
 (b) The Company’s obligation to indemnify or advance
Expenses hereunder to Indemnitee for any proceeding concerning Indemnitee’s status with an Enterprise will be reduced by any amount Indemnitee has actually received as indemnification or advancement of Expenses from such Enterprise. The Company
and Indemnitee intend that any such Enterprise (and its insurers) be the indemnitor of first resort with respect to indemnification and advancement of Expenses for any proceeding related to or arising from Indemnitee’s status with such
Enterprise. The Company’s obligation to indemnify and advance Expenses to Indemnitee is secondary to the obligations the Enterprise or its insurers owe to Indemnitee. Indemnitee agrees to take all reasonably necessary and desirable action to
obtain from an Enterprise indemnification and advancement of Expenses for any Proceeding related to or arising from Indemnitee’s corporate status with such Enterprise. 

(c) In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of
recovery of Indemnitee from any insurance carrier or Enterprise. Indemnitee shall, at the request and expense of the Company, execute all papers required and shall do everything that may be reasonably necessary to secure such rights, including the
execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights. 
 14. Interpretation
of Agreement. It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide indemnification and advancement of Expenses to Indemnitee to the fullest extent now or hereafter permitted by law. 

15. Severability. If any provision of this Agreement shall be held to be invalid, illegal or unenforceable for any reason
whatsoever, (a) the validity, legality and enforceability of the remaining provisions of the Agreement (including without limitation, all portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal or
unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; and (b) to the fullest extent possible, the provisions of this Agreement (including, without limitation, all
portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested by
the provision held invalid, illegal or unenforceable and to give effect to Section 14 hereof. 

  
 9 

 16. Amendment and Waiver. No supplement, modification, amendment, or
cancellation of this Agreement shall be binding unless executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof (whether or not
similar) nor shall such waiver constitute a continuing waiver. 
 17. Notice. Except as otherwise provided herein, any notice
or demand which, by the provisions hereof, is required or which may be given to or served upon the parties hereto shall be in writing and, if by electronic transmission, shall be deemed to have been validly served, given or delivered when sent, if
by overnight delivery, courier or personal delivery, shall be deemed to have been validly served, given or delivered upon actual delivery and, if mailed, shall be deemed to have been validly served, given or delivered three (3) business days
after deposit in the United States mail, as registered or certified mail, with proper postage prepaid and addressed to the party or parties to be notified at the addresses set forth on the signature page of this Agreement (or such other address(es)
as a party may designate for itself by like notice). If to the Company, notices and demands shall be delivered to the attention of the Secretary of the Company. 

18. Governing Law. This Agreement shall be governed exclusively by and construed according to the laws of the State of Delaware,
as applied to contracts between Delaware residents entered into and to be performed entirely within Delaware. 
 19.
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute but one and the same Agreement. Only one such counterpart
need be produced to evidence the existence of this Agreement. 
 20. Headings. The headings of the sections of this Agreement
are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction hereof. 

21. Entire Agreement. Subject to Section 11 hereof, this Agreement constitutes the entire agreement between the parties with
respect to the subject matter hereof and supersedes all prior agreements, understandings and negotiations, written and oral, between the parties with respect to the subject matter of this Agreement; provided, however, that this Agreement is a
supplement to and in furtherance of the Company’s Certificate of Incorporation, Bylaws, the Code and any other applicable law, and shall not be deemed a substitute therefor, and does not diminish or abrogate any rights of Indemnitee thereunder.

 22. Contribution. To the fullest extent permissible under applicable law, if the indemnification provided for in this
Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be
paid in settlement and/or for Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such proceeding in order to
reflect (i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such proceeding; and/or (ii) the relative fault of the Company and Indemnitee in connection with
such event(s) and/or transaction(s). 
 23. Consent to Jurisdiction. This Agreement and the legal relations among the parties
shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. The Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or
proceeding arising out of or in connection with this Agreement shall be brought only in the Chancery Court of the State of Delaware (the “Delaware Court”), and not in any other state or federal court in the United States of America
or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in 

  
 10 

 
connection with this Agreement, (iii) agree to appoint, to the extent such party is not otherwise subject to service of process in the State of Delaware, an agent in the State of Delaware as
such party’s agent for acceptance of legal process in connection with any such action or proceeding against such party with the same legal force and validity as if served upon such party personally within the State of Delaware, (iv) waive
any objection to the laying of venue of any such action or proceeding in the Delaware Court, and (v) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an
improper or inconvenient forum. 
 [Signature Page to Follow] 

  
 11 

 IN WITNESS WHEREOF, the
parties hereto have entered into this Agreement effective as of the date first above written. 
  

			
	SURROZEN, INC.
		
	By:	 	    
		 	CRAIG PARKER
		 	Chief Executive Officer
	
	INDEMNITEE
	
	   

	Signature of Indemnitee
	
	   

	Print or Type Name of Indemnitee

 [Signature Page to Indemnity Agreement]EXHIBIT 4.2

 

TOFUTTI BRANDS, INC.

2014 EQUITY INCENTIVE PLAN

As amended by a Board of Directors Resolution
August 16, 2021

 

The following constitute the provisions of the Tofutti Brands, Inc. 2014
Equity Incentive Plan as adopted by the Board on March 26, 2014 (the “Adoption Date”) and amended by resolution on August
16, 2021.

 

ARTICLE 1

GENERAL PURPOSE OF PLAN; DEFINITIONS. 

 

1.1.       Purpose.
The purposes of this 2014 Equity Incentive Plan are (a) to enable Tofutti Brands, Inc. (the “Company”) to attract and retain
highly qualified employees and directors who will contribute to the success of the Company and (b) to provide incentives to participants
in this 2014 Equity Incentive Plan that are linked directly to increases in shareholder value which will therefore inure to the benefit
of all shareholders of the Company.

 

1.2.       Definitions.
For purposes of this Equity Incentive Plan, except as otherwise defined, capitalized terms shall have the meanings assigned to them in
this Section 1.2.

 

(a)       “Administrator”
means the Board or, if and to the extent the Board elects to delegate some or all of the administration of the Plan, the Committee.

 

(b)       “Award”
means any award described in Section 4.1 of the Plan.

 

(c)       “Award
Agreement” means, with respect to each Award, the agreement between the Company and the Participant setting forth the terms
and conditions of the Award. An Award Agreement may be in an electronic medium, or may be limited to a notation on the Company’s
books or records, but shall be signed by a representative of the Company and the Participant, unless otherwise approved by the Administrator.

 

(d)       “Beneficiary”
means the surviving person or persons designated by a Participant in his or her most recent written and duly filed Beneficiary designation
to receive any rights and payments to which such Participant may be entitled in respect of any Award in the event of such Participant’s
death. If no such designated Beneficiary is living on the date on which any right or amount becomes payable to such Beneficiary or if
such designated Beneficiary cannot be located by the Administrator after reasonable search, the Participant’s Beneficiary shall
be deemed to be the legal representative of the Participant’s estate.

 

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

 

(f)       “Change
of Control” shall have the meaning assigned to such term in Section 13.2.

 

(g)       “Code”
means the Internal Revenue Code of 1986, as amended from time to time, or any successor thereto.

 

(h)       “Committee”
means the Compensation Committee or other Board committee the Board may appoint to administer the Plan. To the extent necessary and desirable,
the Committee shall be composed of individuals who are “non-employee directors” as defined in Rule 16b-3, and, if applicable,
meet the independence requirements of the applicable exchange on which the Shares are traded.

 

    	 

     

    

 

(i)       “Eligible
Participant” means a common law employee, an officer or director of the Company.

 

(j)       “Exchange
Act” means the Securities Exchange Act of 1934, as amended from time to time.

 

(k)       “Exercise
Price” means the per share price at which a holder of an Award may purchase the Shares issuable upon exercise of such Award,
or in the case of a Stock Appreciation Right, the base price used for determining, upon exercise of such Stock Appreciation Right, the
amount by which the Fair Market Value on the date when such right is exercised exceeds such base price.

 

(l)       ‘‘Fair
Market Value” as of a particular date shall mean the market value of a Share determined as follows: (i) the closing price
of a Share on the NASDAQ Capital Market (or other principal national securities exchange on which the Shares are listed or admitted to
trade, on such date), as reported by a reputable service, or if there is no trading of the Shares on such date, then the closing price
of a Share as quoted on the NASDAQ Capital Market (or other principal national securities exchange) on the next preceding date on which
there was trading in such Shares; or (ii) if the Shares are not listed or admitted to trade on a national securities exchange, the value
established in good faith by the Administrator determined by the reasonable application of a reasonable valuation method in accordance
with Treas. Regulation §1.409A-1(b)(5)(iv)(B).

 

(m)       “Incentive
Stock Option” means any Option intended to be designated as an “incentive stock option” within the meaning of
Section 422 of the Code.

 

(n)       “Incumbent
Board” means (i) the members of the Board of the Company on the Adoption Date, to the extent that they continue to serve
as members of the Board, and (ii) any individual who becomes a member of the Board after the Adoption Date, if such individual’s
election or nomination for election as a director was approved by a vote of at least three-quarters of the then Incumbent Board.

 

(o)       “Non-Qualified
Stock Option” means any Option that is not an Incentive Stock Option, including, but not limited to, any Option that provides
(as of the time such Option is granted) that it will not be treated as an Incentive Stock Option.

 

(p)       “Option”
means an option to purchase Shares granted pursuant to Article 5.

 

(q)       “Participant”
means any Eligible Participant selected by the Administrator, pursuant to the Administrator’s authority, to receive grants of Options,
Stock Appreciation Rights, awards of Restricted Stock, Performance Grants, other types of Awards, or any combination of the foregoing.

 

(r)       “Performance
Grant” shall have the meaning assigned to the term in Article 8.

 

(s)       “Plan”
means the Tofutti Brands, Inc. 2014 Equity Incentive Plan as set forth herein and amended from time to time.

 

(t)       “Restricted
Stock” means Shares subject to certain restrictions granted pursuant to Article 7.

 

(u)       “Rule
16b-3” means Rule 16b-3 of the Exchange Act.

 

    	 

     

    

 

(v)       “Securities
Act” means the Securities Act of 1933, as amended from time to time.

 

(w)       “Share(s)”
means a share of common stock of the Company, par value $0.01, reserved for issuance under or issued pursuant to the Plan, as adjusted
pursuant to Article 4.5, and any successor security.

 

(x)       “Stock
Appreciation Right” means the right pursuant to an Award granted under Article 6.

 

(y)       “Stock
Bonus” means an Award granted pursuant to Article 9.

 

(z)       “Ten
Percent Shareholder” shall have the meaning assigned to it in Section 5.3.

 

(aa)“Termination”
or “Terminated” means, for purposes of the Plan with respect to a Participant, that such Participant has for any reason
ceased to provide services as an employee, officer or director of the Company. A Participant will not be deemed to have ceased to provide
services in the case of (i) sick leave, (ii) military leave, or (iii) any other leave of absence approved by the Administrator, provided,
that such leave is for a period of not more than six months, or, if longer, so long as reemployment or reinstatement upon the expiration
of such leave is guaranteed by contract or statute, or unless some other period is provided pursuant to formal policy adopted from time
to time by the Company and communicated to Participants in writing. In the case of any Participant on an approved leave of absence, the
Administrator may make such provisions respecting suspension of vesting of any Award previously granted to such Participant during the
period of such leave as the Administrator may deem appropriate, except that in no event may an Option be exercised after the expiration
of the term set forth in the Award Agreement with respect to such Option. The Administrator has sole discretion to determine whether a
Participant has ceased to provide services and the applicable Termination Date, and, in the case of Awards that are subject to Section
409A of the Code, shall interpret the foregoing in a manner consistent with Treas. Reg. §1.409A-1(h).

 

(bb)“Termination Date”
means the effective date of Termination, as determined by the Administrator.

 

ARTICLE 2

ADMINISTRATION.

 

2.1.       Administrator’s
Powers. Subject to the general purposes, terms and conditions of this Plan, the Administrator will have exclusive and full power
to implement and carry out this Plan. Any determination with respect to the Plan or any Award made by the Administrator shall be final
and binding on the Company and on all persons having an interest in any Award. Without limitation, the powers of the Administrator shall
include the authority to:

 

(a)       construe
and interpret the Plan, any Award Agreement and any other agreement or document executed pursuant to this Plan;

 

(b)       prescribe,
amend and rescind rules and regulations relating to this Plan or any Award;

 

(c)       select
persons to receive Awards;

 

(d)       determine
the form and terms of Awards, including any Exercise Price;

 

    	 

     

    

 

(e)       determine
the number of Shares or other consideration subject to Awards;

 

(f)       determine
whether Awards will be granted singly, in combination with, in tandem with, in replacement of, or as alternatives to, other Awards under
this Plan or any other incentive or compensation plan of the Company;

 

(g)       grant
waivers of Plan or Award conditions;

 

(h)       determine
the vesting, exercisability and payment of Awards;

 

(i)       correct
any defect, supply any omission or reconcile any inconsistency in the Plan, any Award or any Award Agreement;

 

(j)       make
any adjustments necessary or desirable as a result of the granting of an Award to an Eligible Participant located outside the United States;
and

 

(k)       determine
whether an Award has been earned.

 

2.2.       Administrator’s
Method of Acting; Liability. The Administrator may authorize any one or more of its members or any officer of the Company to execute
and deliver documents or to take any other ministerial action on behalf of the Administrator with respect to Awards. No member of the
Administrator and no officer of the Company shall be liable for anything done or omitted to be done by such member or officer, by any
other member of the Administrator or by any officer of the Company in connection with the performance of duties under the Plan, except
for such member’s or officer’s own willful misconduct or as expressly provided by law.

 

2.3.       Escrow.
To enforce any conditions on Shares that are the subject of an Award, the Administrator may require the Participant to deposit all stock
certificates evidencing Shares, together with stock powers or other instruments of transfer approved by the Administrator, appropriately
endorsed in blank, with the Company or an agent designated by the Company to be held in escrow until such conditions have lapsed or are
terminated and the Administrator may cause a legend or legends referencing such conditions to be placed on the certificates.

 

ARTICLE 3

PARTICIPATION.

 

3.1.       Participants.
Incentive Stock Options shall be granted only to employees of the Company. Options and Stock Appreciation Rights shall be granted only
to Eligible Participants with respect to whom Shares constitute “service recipient stock,” as defined in Treas. Regulation
§1.409A-1(b)(5)(iii). All other Awards may be granted to any Eligible Participant. An Eligible Participant may be granted more than
one Award under the Plan.

 

ARTICLE 4

AWARDS UNDER THE PLAN.

 

4.1.       Types
of Awards. Awards under the Plan may include, but need not be limited to, one or more of the following types, either alone or
in any combination thereof:

 

(a)       Options;

 

(b)       Stock
Appreciation Rights;

 

    	 

     

    

 

(c)       Restricted
Stock;

 

(d)       Performance
Grants;

 

(e)       Stock
Bonuses; and

 

(f)       any
other type of Award that is based on, related to or is in some form of Shares and deemed by the Administrator to be consistent with the
purposes of the Plan (including, Awards to Participants who are foreign nationals or are employed or performing services outside the United
States), which shall be in the form and have such conditions as the Administrator shall determine from time to time.

 

4.2.       Number
of Shares Available Under the Plan. Subject to Section 4.5, the total number of Shares reserved and available for grant and issuance
pursuant to the Plan will be 250,000, all of which may be issued as Incentive Stock Options. Shares may consist, in whole or in part,
of authorized and unissued Shares. Shares that are

 

(a)       subject
to issuance upon exercise of an Option but that cease to be subject to such Option for any reason other than exercise of such Option,

 

(b)       granted
under an Award, but forfeited or repurchased by the Company,

 

(c)       granted
under an Award that otherwise terminates without such Shares being issued,

 

(d)       withheld
to pay withholding taxes in connection with the exercise or repayment of an Award, and

 

(e)       granted
under an Award which is settled in cash

 

shall not be deemed to have been issued and will continue to be reserved
for issuance and will be available for the grant of additional Awards under the Plan.

 

The number of Shares which are transferred to the Company
by a Participant to pay the exercise or purchase price of an Award will be subtracted from the number of Shares issued with respect to
such Award for the purpose of counting Shares used under the Plan.

 

4.3.       Maximum
Annual Award. The maximum number of Shares that may be issued as Awards in the aggregate in any one fiscal year, subject to adjustment
as provided in Section 4.5, shall not exceed the total number of Shares reserved for grant and issuance pursuant to Section 4.2 reduced
by the total number of Shares issued under outstanding Awards.

 

4.4.       Reservation
of Shares. At all times, the Company shall reserve and keep available a sufficient number of Shares as shall be required to satisfy
the requirements of all outstanding Options granted under the Plan and all other outstanding but unexercised Awards granted under the
Plan.

 

4.5.       Adjustment
in Number of Shares Available Under the Plan. In the event of (a) a stock dividend, recapitalization, stock split, reverse stock
split, subdivision, combination or exchange, reclassification or similar change in the capital structure of the Company without consideration,
or (b) any merger, consolidation, spin-off, split-up, reorganization, partial or complete liquidation or other distribution of the assets
of the Company (other than a normal cash dividend), or any other similar transaction, then (x) the number of Shares reserved for issuance
under the Plan, (y) the Exercise Price applicable to outstanding Awards, and (z) the number and kind of shares (including shares of another
issuer) subject to outstanding Awards will be proportionately adjusted by the Administrator, subject to any required action by the Board
or the shareholders of the Company and compliance with applicable laws. The Administrator shall give each Participant notice of an adjustment
hereunder and, upon notice, such adjustment shall be conclusive and binding for all purposes.

 

    	 

     

    

 

4.6.       Fractional
Shares. The Company shall not be required to issue any fractional shares pursuant to any Award or adjustment thereto. The Administrator
may provide for the elimination of fractions or for the settlement thereof in cash.

 

4.7.       Rights
with Respect to Shares.

 

(a)       Unless
otherwise determined by the Administrator in an Award Agreement, a Participant to whom an Award of Restricted Stock has been made (and
any Beneficiary of such Participant) shall have voting and other ownership rights with respect to such Restricted Stock during the period
such Award is subject to a substantial risk of forfeiture, and dividends and other distributions paid on such Restricted Stock shall be
subject to the same restrictions as the Restricted Stock to which such dividends or other distributions relate.

 

(b)       Unless
otherwise determined by the Administrator in an Award Agreement, a Participant to whom a grant of any Award, other than an Award of Restricted
Stock, has been made (and any Beneficiary of such Participant) shall have no rights as a shareholder with respect to any Shares issuable
pursuant to any such Award until the date a stock certificate evidencing such Shares or other instrument of ownership, if any, is issued
to such Participant. Except as provided in Section 4.5, no adjustment shall be made for dividends, distributions or other rights (whether
ordinary or extraordinary, and whether in cash, securities, other property or other forms of consideration, or any combination thereof)
for which the record date is prior to the date such stock certificate or other instrument of ownership, if any, is issued.

 

ARTICLE 5

STOCK OPTIONS.

 

5.1.       Grant:
Form of Option Award Agreement. The Administrator may grant one or more Options to an Eligible Participant and will determine
and set forth in an Award Agreement the following terms: (a) whether each such Option is intended to be an Incentive Stock Option or a
Non-Qualified Stock Option, (b) the number of Shares subject to each such Option, (c) the Exercise Price of each such Option, (d) the
period during which each such Option may be exercised, (e) the method of exercise of such Option, (f) any period of continuous employment
or service to the Company of the Participant that is necessary before such Options shall become exercisable, and (g) any other terms and
conditions, subject to the terms and conditions of the Plan.

 

5.2.       Date
of Grant. The date of grant of an Option will be the date on which the Administrator makes the determination to grant such Option,
unless otherwise specified by the Administrator. Such date shall be stated in the Award Agreement.

 

5.3.       Exercise
Period. Each Option shall be exercisable within the times or upon the occurrence of one or more events and/or conditions determined
by the Administrator and set forth in the Award Agreement governing such Option; provided, however, that no Option will be exercisable
after the expiration of ten years from the date the Option is granted; and provided, further, however, that no Incentive Stock Option
granted to a person who directly or by attribution owns more than 10% of the total combined voting power of all classes of stock of the
Company, as determined under Section 422 of the Code and regulations issued thereunder (each, a “Ten Percent Shareholder”),
will be exercisable after the expiration of five years from the date such Incentive Stock Option is granted. The Administrator also may
provide for an Option to become exercisable at one time or from time to time, periodically or otherwise, in such number of Shares or percentage
of Shares as the Administrator determines.

 

    	 

     

    

 

5.4.       Exercise
Price. The Exercise Price of an Option will he determined by the Administrator when the Option is granted and shall be not less
than 100% of the per share Fair Market Value of the Shares subject to such Option on the date of grant of such Option; provided, however,
that the Exercise Price of any Incentive Stock Option granted to a Ten Percent Shareholder shall not be less than 110% of the per share
Fair Market Value of such Shares on the date of such grant. Payment for the Shares purchased shall be made in accordance with Article
10 of the Plan.

 

5.5.       Limitations
on Incentive Stock Options. The aggregate Fair Market Value (as determined as of the date of grant) of Shares with respect to
which Incentive Stock Option(s) are exercisable for the first time by a Participant during any calendar year (under the Plan or under
any other incentive stock option plan of the Company) shall not exceed $100,000, or such other annual limitation established under Section
422 of the Code, and any Option granted in excess of such amount will be deemed to be a Non-Qualified Stock Option.

 

5.6.       Modification,
Extension or Renewal. The Administrator may modify, extend or renew any outstanding Option and authorize the grant of one or more
new Options in substitution thereof, provided that any such action may not, without the written consent of a Participant, impair any of
such Participant’s rights under any Option previously granted. Any outstanding Incentive Stock Option that is modified, extended,
renewed or otherwise altered will be treated in accordance with Section 424(h) and other applicable provisions of the Code. The Administrator
may reduce the Exercise Price of any outstanding Option of a Participant without the consent of the Participant affected by delivering
a written notice to the Participant; provided, however, that the Exercise Price may not be reduced below the minimum Exercise Price that
would be permitted under Section 5.4 for Options granted on the date the action is taken to reduce such Exercise Price.

 

5.7.       Disqualifying
Dispositions of ISOs. As a condition to any Award of an Incentive Stock Option, each Participant in receipt thereof shall notify
the Company in writing immediately after the date he or she makes a disqualifying disposition (as defined in Section 421(b) of the Code)
of any Shares acquired pursuant to the exercise of such Incentive Stock Option.

 

ARTICLE 6

STOCK APPRECIATION RIGHTS.

 

6.1.       Grant
of Stock Appreciation Rights. The Administrator may grant Participants Stock Appreciation Rights. A Stock Appreciation Right is
the right of the Participant to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date
such Stock Appreciation Right or portion thereof is surrendered, of the Shares covered by such right or such portion thereof, over (ii)
the aggregate Exercise Price of such right or such portion thereof as established by the Administrator at the time of the grant of such
Award, provided that such Exercise Price may not be less than 100% of the per share Fair Market Value of the Shares covered by such Award
of Stock Appreciation Right on the date of such Award.

 

6.2.       Terms.
The Administrator may grant Stock Appreciation Rights to an Eligible Participant and will determine and set forth in an Award Agreement
the following terms: (a) the number of Shares to be subject to such Award, (b) the date of grant of the Award, (c) the Exercise Price,
(d) the period during which each such Stock Appreciation Right may be exercised, provided that no Stock Appreciation Right granted may
be exercised more than ten years after its date of such Award, (e) any period of continuous employment or service to the Company of the
Participant that is necessary before such Stock Appreciation Rights shall become exercisable, (f) whether such Stock Appreciation Right
is being issued in conjunction with the grant of an Option or other Award, and (g) any other terms and conditions, subject to the terms
and conditions of the Plan.

 

    	 

     

    

 

6.3.       Exercise.

 

(a)       An
Award of Stock Appreciation Rights shall entitle the Participant to either (i) exercise such Award and receive payment in accordance with
such Award or (ii) surrender unexercised, along with the Option (or other Award) to which the Stock Appreciation Right is attached (or
any portion of such Option or other Award) to the Company and to receive from the Company in exchange therefore, without payment to the
Company, that number of Shares having an aggregate value equal to the excess of the Fair Market Value of one Share, at the time of such
exercise, over the Exercise Price per share, times the number of Shares subject to the Award of Stock Appreciation Rights or the Option
(or other Award), or portion thereof, which is so exercised or surrendered, as the case may be.

 

(b)       The
Administrator shall be entitled to elect to settle the obligation arising out of the exercise of Stock Appreciation Rights by the payment
of cash or other securities or property of the Company, or other forms of payment, or any combination thereof as determined by the Administrator,
equal to the aggregate value of the Shares the Company would otherwise be obligated to deliver. Any such election by the Administrator
shall be made as soon as practicable after the receipt by the Company of written notice of the exercise of such Stock Appreciation Rights.
The value of a Share, other securities or property of the Company, or other forms of payment determined by the Administrator for this
purpose shall be the Fair Market Value of a Share on the last business day next preceding the date of the election to exercise such Stock
Appreciation Rights, unless the Administrator determined otherwise in the Award Agreement with respect to such Stock Appreciation Rights.

 

(c)       An
Award of Stock Appreciation Rights may provide that such Stock Appreciation Rights shall be deemed to have been exercised on the scheduled
expiration date of such Stock Appreciation Rights or of any related Option (or other Award), if at such time such Stock Appreciation Right
is exercisable and has a positive value. Such deemed exercise shall be settled or paid in the same manner as a regular exercise thereof
as provided in Paragraph 6.3(a) and (b).

 

ARTICLE 7

RESTRICTED STOCK.

 

7.1.       Grant.
An Award of Restricted Stock is an immediate transfer of ownership of Shares to an Eligible Participant, subject to a substantial risk
of forfeiture and/or restrictions on transfer of such Shares.

 

7.2.       Form
of Restricted Stock Award. The Administrator may grant Restricted Stock to an Eligible Participant and will determine and set
forth in an Award Agreement the following terms: (a) the number of Shares subject to the Award, (b) the Exercise Price, if any, to be
paid as consideration for the Shares and the time and manner of such payment, (c) any period of continuous employment or service to the
Company by the Participant that is necessary before the Shares become non-forfeitable and transferable, and (d) any other terms and conditions,
subject to the terms and conditions of the Plan.

 

7.3.       Exercise
Price. The Exercise Price of Shares granted pursuant to an Award of Restricted Stock, if any, will be determined by the Administrator
on the date of such Award. The Exercise Price may be less than the Fair Market Value of such Share on the date of the Award. Payment of
the Exercise Price shall be made in accordance with Article 10 of the Plan.

 

    	 

     

    

 

ARTICLE 8

PERFORMANCE GRANTS.

 

8.1.       Award.
The Award of a Performance Grant to a Participant will entitle such Participant to receive a specified amount (the “Performance
Grant Actual Value”) upon satisfaction of specified corporate, division, departmental and/or individual goals as determined by the
Administrator, subject to Section 8.1(b). Performance Grants may be issued in different classes or series having different names, terms
and conditions. .

 

8.2.       Terms.
The Administrator may grant Performance Grants to an Eligible Participant and will determine and set forth in an Award Agreement the following
terms, which need not be the same for each Participant:

 

(a)       the
maximum value of each Performance Grant (the “Maximum Value”), which may be a fixed amount, an amount which varies from time
to time based in whole or in part on the then current value of Shares or other securities or property of the Company, or an amount that
is determinable from other criteria specified by the Administrator;

 

(b)       whether
such Performance Grant is granted in conjunction with an Award of Options, Stock Appreciation Rights, Restricted Stock or other type of
Award, or any combination thereof under the Plan, concurrently or subsequently granted to such Participant (the “Associated Award”),
and whether the Performance Grant shall be reduced on an appropriate basis to the extent that the Associated Award has been exercised,
paid or otherwise received by the Participant;

 

(c)       the
award period (“Performance Grant Award Period”) over which the Maximum Value may be earned;

 

(d)       the
performance objectives to be attained within the Performance Grant Award Period, which performance objectives shall be based on such measure
or measures of performance as the Administrator shall determine, subject to Section 8.1(b), and may be applied on an absolute basis or
relative to industry or other indices, or any combination thereof;

 

(e)       the
extent to which the Performance Grant will be payable upon the Participant’s Termination prior to the end of a Performance Grant
Award Period or if the performance objectives are met in part; and

 

(f)       the
time and manner of payment of the Performance Grant Actual Value.

 

8.3.       Adjustment
of Performance Objectives. Unless otherwise provided in the Award Agreement, the Performance Grant Actual Value or the Performance
Grant Maximum Value, or any combination thereof may be adjusted in any manner by the Administrator at any time and from time to time during
or as soon as practicable after the Performance Grant Award Period, if it determines that such performance measures, the Performance Grant
Actual Value or the Performance Grant Maximum Value, or any combination thereof, are not appropriate under the circumstances in light
of the objectives of the Performance Grant.

 

8.4.       Determination
of Performance Grant Actual Values. The Administrator shall determine whether the terms and conditions of a Performance Grant
have been met and, if so, shall ascertain the Performance Grant Actual Value payable to the Participant. The Performance Grant Actual
Value shall be equal to the Maximum Value of such Performance Grant only if the stated performance objectives are attained in full. If
a Performance Grant has no Performance Grant Actual Value, such Performance Grant shall be deemed to have been canceled and the Associated
Award, if any, may be canceled or permitted to continue in effect in accordance with such Associated Award’s terms. If a Performance
Grant has a Performance Grant Actual Value and (a) was not awarded in conjunction with an Associated Award, the Administrator shall cause
an amount equal to the Performance Grant Actual Value of such Performance Grant to be paid to the Participant or the Participant’s
Beneficiary; or (b) was awarded in conjunction with an Associated Award, the Administrator shall determine, in accordance with the Award
Agreement, whether to (i) cancel such Performance Grant, in which event no amount in respect thereof shall be paid to the Participant
or the Participant’s Beneficiary, and the Associated Award may be permitted to continue in effect in accordance with the Associated
Award ‘s terms, (ii) pay the Performance Grant Actual Value to the Participant or the Participant’ s Beneficiary, in which
event such Associated Award may be canceled, or (iii) pay to the Participant or the Participant’s Beneficiary, the Performance Grant
Actual Value of only a portion of such Performance Grant, in which case a complimentary portion of the Associated Award may be permitted
to continue in effect in accordance with its terms or be canceled, as determined by the Administrator.

 

    	 

     

    

 

8.5.       Payment.
Determination of the Performance Grant Actual Value shall be made as promptly as practicable following the end of the Performance Grant
Award Period. Payment of any amount in respect of the Performance Grants which the Administrator determines to pay as provided in this
Article 8 shall be made in cash, Shares, other securities or property of the Company, or other forms or payment, or any combination thereof
or in such other manner, as determined by the Administrator.

 

ARTICLE 9

STOCK BONUSES.

 

9.1.       Awards
of Stock Bonuses. A Stock Bonus is an Award of Shares for past or future services rendered to the Company. A Stock Bonus shall
be awarded pursuant to an Award Agreement (the “Stock Bonus Agreement”) in such form as the Administrator will from time to
time approve, and will comply with and be subject to the terms and conditions of the Plan. A Stock Bonus may be conditioned upon satisfaction
of such service or other conditions as are set out in advance in the Award Agreement.

 

9.2.       Terms
of Stock Bonuses. The Administrator will determine the number of Shares to be awarded to each Participant as a Stock Bonus and
any consideration to be paid therefor, which consideration may be less than the Fair Market Value of Shares on the date of the Award of
such Stock Bonus.

 

9.3.       Form
of Payment. The earned portion of a Stock Bonus may be paid currently or on a deferred basis with such interest or dividend equivalent,
if any, as set forth in the Stock Bonus Agreement. Payment may be made in the form of cash or whole Shares or a combination thereof, either
in a lump sum payment or in installments, all as the Administrator shall determine and set forth in the Stock Bonus Agreement.

 

ARTICLE 10

PAYMENT FOR SHARE PURCHASES.

 

10.1.       Payment.
Payment for Shares purchased pursuant to this Plan may be made (a) in cash (by check); (b) by surrender of non-forfeitable, unrestricted
Shares that either (i) have been owned by the Participant for more than six months and have been paid for within the meaning of Rule 144
promulgated under the Securities Act (and, if such shares were purchased from the Company by use of a promissory note, such note has been
fully paid with respect to such shares) or (ii) were obtained by Participant in the public market; (c) by any combination of the foregoing;
or (d) by any other lawful means as the Administrator, in its sole discretion, may determine. To the extent permitted by the Administrator
and permitted by applicable law, regulation or rule, the Exercise Price of an Option may be satisfied from the proceeds of a sale through
a bank or broker on the date of exercise of some or all of the Shares to which the exercise relates pursuant to a broker assisted exercise
program provided by such bank or broker.

 

    	 

     

    

 

ARTICLE 11

DEFERRED PAYMENT OF AWARDS.

 

11.1.       Deferral
Terms. To the extent permitted by law, the Administrator may specify in any Award Agreement, other than an Award Agreement providing
for Options, Stock Appreciation Rights or Restricted Stock, that the payment of all or any portion of cash, Shares, other securities or
property of the Company, or any other form of payment, or any combination thereof under an Award shall be deferred until a later date
set forth in such Award Agreement. Deferrals shall be for such periods or until the occurrence of such events, and upon such terms, as
the Administrator shall determine; provided, however, that such deferrals shall be made in accordance with the requirements of Section
409A of the Code. Deferred payments may be made subject to the performance of certain investment equivalents, together with such additional
amounts of income equivalents (which may be compounded and may include, but need not be limited to, interest, dividends or other rates
of return, or any combination thereof) as may accrue thereon until the date or dates of payment, such investment equivalents and such
additional amounts of income equivalents to be determined by the Administrator and set forth in the Award Agreement.

 

ARTICLE 12

AMENDMENT OR SUBSTITUTION OF AWARDS UNDER THE PLAN.

 

12.1.       Amendments
and Substitutions. The terms of any outstanding Award under the Plan may be amended from time to time by the Administrator in
any manner that the Administrator deems appropriate (including, but not limited to, acceleration of the date of vesting of any Award and/or
payments thereunder, or reduction of the Exercise Price of an Award); provided, however, that except to the extent that the Administrator
determines that an amendment is necessary to avoid penalties or taxes under Section 409A of the Code or violation of any law or regulation,
no such amendment shall adversely affect in a material manner any right of a Participant under such Award without the Participant’s
written consent. The Administrator may permit or require holders of Awards to surrender outstanding Awards as a condition precedent to
the grant of new Awards under the Plan.

 

ARTICLE 13

CHANGE IN CONTROL.

 

13.1.       Effect
of a Change in Control. An Award Agreement shall determine the extent to which, in the case of a Change in Control, (a) a Participant’s
rights to each outstanding Stock Option and Stock Appreciation Right shall become exercisable, (b) restrictions with respect to Restricted
Stock shall lapse, (c) outstanding Performance Grants shall be adjusted in respect of a shortened Performance Grant Award Period, and
(d) deferred payments under Section 11.1 shall be payable.

 

13.2.       Change
in Control. For this purpose, except as otherwise provided in an Award Agreement, a Change in Control shall he deemed to occur
when any of the following events first occurs:

 

(a)       any
person (as such term is used in Section 13(d) and 14(d) of the Exchange Act) who is not such on the day preceding a transaction becomes
the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company
representing at least 50.1% of the combined voting power of the voting securities entitled to vote generally in the election of directors
(“Voting Securities”); provided, however, that the following acquisitions shall not constitute a Change in Control: (i) any
acquisition of such percentage of Voting Securities by or from the Company or by any employee benefit plan (or related trust) sponsored
or maintained by the Company, (ii) any acquisition by an unrelated third party of such percentage of Voting Securities from a person who
as of the Adoption Date was a controlling shareholder of the Company, (iii) any acquisition by an underwriter in any firm commitment underwriting
of securities to be issued by the Company, or (iv) any acquisition by any corporation (or other entity) and the combined voting power
of the then outstanding voting securities of such corporation (or other entity), are beneficially owned, directly or indirectly, by all
or substantially all of the individuals or entities who, immediately prior to such acquisition, were the beneficial owners of the then
outstanding Shares and the Voting Securities in substantially the same proportions, respectively, as their ownership immediately prior
to the acquisition of the shares and voting shares;

 

    	 

     

    

 

(b)       a
change in the composition of the Incumbent Board during any 12-month period, as a result of which fewer than a majority of the directors
are members of the Incumbent Board without the endorsement of the remaining members of the Incumbent Board;

 

(c)       the
consummation of a merger (other than a merger where the Company is the survivor when there is no accompanying Change in Control under
clause (a) of this Section 13.2), consolidation, liquidation or dissolution of the Company;

 

(d)       the
sale or other disposition by the Company, in one transaction or a series of related transactions within any period of 12 consecutive months,
of assets of the Company that have a total gross fair market value equal to at least 45% of the total gross fair market value of all assets
of the Company immediately prior to the acquisition of such assets; provided, however,

 

notwithstanding the foregoing, in the case of an Award that is
subject to Section 409A of the Code, no event shall be determined to be a Change in Control unless such event also constitutes a “change
in control event,” as defined in Section 409A of the Code and regulations thereunder, as modified to reflect the foregoing percentages.

 

ARTICLE 14

PLAN AMENDMENT OR SUSPENSION.

 

14.1.       Plan
Amendment or Suspension. The Plan may be amended or suspended in whole or in part at any time and from time to time by the Board,
but no amendment shall be effective unless and until the same is approved by shareholders of the Company where the failure to obtain such
approval would adversely affect the compliance of the Plan with Sections 422 of the Code, Rule 16b-3 and with other applicable law. In
addition, the Board may condition any amendment on the approval of shareholders of the Company if such approval is deemed advisable by
the Board, No amendment of the Plan shall adversely affect in a material manner any right of any Participant with respect to any Award
theretofore granted without such Participant’s written consent.

 

ARTICLE 15

PLAN TERMINATION.

 

15.1.       Method
of Plan Termination. The Plan shall terminate upon the earlier of the following dates or events to occur: (a) upon the adoption
of a resolution of the Board terminating the Plan; or (b) the tenth anniversary of the Adoption Date; provided, however, that the Board
may, prior to the expiration of such ten-year period, extend the term of the Plan for an additional period of up to five years for the
grant of Awards other than Incentive Stock Options.

 

    	 

     

    

 

15.2.       Effect
of Termination on Outstanding Awards. No termination of the Plan shall materially alter or impair any of the rights or obligations
of any person, without such person’s consent, under any Award theretofore granted under the Plan, except that subsequent to termination
of the Plan, the Administrator may make amendments permitted under Article 14.

 

ARTICLE 16

SHAREHOLDER ADOPTION.

 

16.1.       Shareholder
Approval. The Plan shall be submitted to the shareholders of the Company for their approval at a meeting of the shareholders of
the Company to be duly held before the first anniversary of the Adoption Date.

 

ARTICLE 17

TRANSFERABILITY.

 

Transferability. No Award granted shall
be transferred, assigned, hypothecated, attached, pledged, garnished or otherwise encumbered in whole or in part by a Participant, other
than by will or the laws of descent and distribution, and all Options and Stock Appreciation Rights shall be exercisable during a Participant
‘s lifetime only by such Participant, or in the event of the Participant’s legal incapacity, by his or her guardian or legal
representative acting in a fiduciary capacity on behalf of the Participant under state law. Notwithstanding the preceding sentence, the
Administrator may expressly provide in an Award Agreement (or an amendment to an Award Agreement) that a Participant may transfer such
Award (other than an Incentive Stock Option), in whole or in part, to a spouse or lineal descendant (a “Family Member”), a
trust for the exclusive benefit of Family Members, a partnership or other entity in which all the beneficial owners are Family Members,
or any other entity affiliated with the Participant that may be approved by the Administrator.

 

ARTICLE 18

CERTIFICATES.

 

18.1.       Legal
Restrictions: Stock Legends. All Shares or other securities delivered under this Plan will be subject to such stock transfer orders
and other restrictions as the Administrator may deem necessary or advisable, including restrictions under any applicable federal, state
or foreign securities law, or any rules, regulations and other requirements promulgated under such laws or any stock exchange or automated
quotation system upon which the Shares may be listed or quoted and each stock certificate evidencing such Shares and other certificates
shall contain appropriate legends.

 

ARTICLE 19

EXCHANGE AND BUYOUT OF AWARDS.

 

19.1.       Exchange.
The Administrator may, at any time or from time to time, authorize the Company, with the consent of the respective Participants, to issue
new Awards in exchange for the surrender and cancellation of any or all outstanding Awards.

 

19.2.       Buyout
of Awards. The Administrator may, at any time or from time to time, authorize the Company to buy from a Participant an Award previously
granted with payment in cash, Shares (including Restricted Stock) or other consideration, based on such terms and conditions as the Administrator
and the Participant may agree.

 

    	 

     

    

 

ARTICLE 20

LEGAL COMPLIANCE.

 

20.1.       Compliance
with Applicable Laws. An Award will not be effective and no Shares shall be issued with respect to any Award unless counsel for
the Company shall be satisfied that such Award or issuance is in compliance with all applicable federal and state securities laws, foreign
legal requirements, rules and regulations of any governmental body, and the requirements of any stock exchange or automated quotation
system upon which the Shares may then be listed or quoted, as they are in effect on the date of grant of the Award and also on the date
of exercise or other issuance. Notwithstanding any other provision in this Plan, the Company shall have no obligation to issue or deliver
stock certificates for Shares under this Plan prior to: (a) obtaining any approvals from governmental agencies that the Administrator
determines are necessary or advisable; and (b) completing any registration or other qualification of such Shares under any state or federal
law or ruling of any governmental body that the Administrator determines to be necessary or advisable.

 

20.2.       Compliance
with Rule 16b-3. It is the intent of the Company that the Plan comply in all respects with Rule 16b-3, that any ambiguities or
inconsistencies in construction of the Plan be interpreted to give effect to such intention and that if any provision of the Plan is deemed
not to be in compliance with Rule 16b-3, such provision shall be deemed null and void to the extent required to permit the Plan to comply
with Rule 16b-3.

 

20.3.       Compliance
with Non-Qualified Deferred Compensation Requirements. Notwithstanding any other provision of the Plan to the contrary, (a) to
the extent that any payment of or in connection with an Award constitutes a payment under a “non-qualified deferred compensation
plan,” as defined in Section 409A of the Code, such payment shall be made in compliance with Section 409A of the Code, or, if applicable,
Section 457A of the Code, and necessary requirements therefor shall be set forth in the applicable Award Agreement to the extent not provided
in this Plan, (b) the Plan and Award shall be interpreted in a manner consistent with Section 409A and any provisions hereof that would
cause a payment of non-qualified deferred compensation to be subject to taxation under Section 409A may be modified by the Administrator
in an Award Agreement, and (c) any adjustment of Shares or prices per Share, substitution of Awards, or modification of Awards permitted
under the Plan shall not cause the affected Award to fail to comply with the requirements of Section 409A of the Code.

 

20.4.       No
Obligation to Register Shares or Awards. The Company will be under no obligation to register the Shares under the Securities Act
or to effect compliance with the registration, qualification or listing requirements of any state securities laws, stock exchange or automated
quotation system, and the Company will have no liability for any inability or failure to do so.

 

ARTICLE 21

MISCELLANEOUS PROVISIONS.

 

21.1.       No
Right to Employment or Continuation of Relationship. Nothing in this Plan or any Award granted under the Plan will confer or be
deemed to confer on any Participant any right to continue in the employ of, or to continue any other service relationship with, the Company
or limit in any way the right of the Company to terminate Participant’s employment or other service relationship at any time, with
or without cause.

 

21.2.       No
Rights Unless Specifically Granted. No employee or other person shall have any claim or right to be granted an Award under the
Plan, any contract, agreement or otherwise. Determinations made by the Administrator under the Plan need not be uniform and may be made
selectively among Eligible Participants under the Plan, whether or not such Eligible Participants are similarly situated.

 

    	 

     

    

 

21.3.       No
Rights Until Written Evidence Delivered. No Participant or other person shall have any right with respect to the Plan, the Shares
reserved for issuance under the Plan or in any Award, contingent or otherwise, until written evidence of the Award, in the form of an
Award Agreement, shall have been delivered to the recipient and all the terms, conditions and provisions of the Plan and the Award applicable
to such recipient (and each person claiming unclear or through such recipient) have been met.

 

21.4.       Right
to Withhold Payments. The Company shall have the right to authorize deduction from any payment made under the Plan, all applicable
federal, state, local or foreign income or other taxes required by law to be withheld with respect to such payment or may require the
Participant or Beneficiary to pay to it such tax prior to and as a condition of the making of such payment. In accordance with any applicable
administrative guidance it establishes, the Administrator may allow a Participant or Beneficiary to pay the amount of taxes required by
law to be withheld from an Award by withholding from any payment of Shares due as a result of such Award, or by permitting the Participant
or beneficiary to deliver to the Company Shares having a Fair Market Value, as determined by the Administrator, equal to the minimum amount
of such required withholding taxes.

 

21.5.       Expenses
of Administration. The expenses of the Plan shall be borne by the Company.

 

21.6.       Unfunded
Plan. The Plan shall be unfunded. The Company shall not be required to establish any special or separate fund or to make any other
segregation of assets to assure the payment of any Award under the Plan, and rights to the payment of Awards shall be no greater than
the rights of the Company’s general unsecured creditors.

 

21.7.       No
Guarantee of Tax Consequences. Notwithstanding any other provision of the Plan, no person connected with the Plan in any capacity,
including, but not limited to, the Company and its directors, officers, agents and employees, makes any representation, commitment, or
guarantee that any tax treatment, including, but not limited to, federal, state and local income, estate and gift tax treatment shall
be applicable with respect to the tax treatment of any Award, any amounts deferred under the Plan, or paid to or for the benefit of a
Participant under the Plan, or that such tax treatment shall apply to or be available to a Participant on account of participation in
the Plan, or that any of the foregoing amounts shall not be subject to taxes and/or interest charges under Sections 83, 409A, 422, 457A
or any other Section of the Code.

 

21.8.       Validity,
Construction: Interpretation. The validity, construction, interpretation, administration and effect of the Plan, and of its rules
and regulations, and rights relating to the Plan and Award Agreements and to Awards granted under the Plan, shall be governed by the substantive
laws, but not the choice of law rules, or the State of Delaware.

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