Document:

Exhibit 10.11

 

PLACEMENT AGENCY AGREEMENT

 

December 5, 2013

 

Gottbetter Capital Markets, LLC

Mr. Julio A. Marquez, President

488 Madison Avenue

12th Floor

New York, New York 10022

 

		Re:	PN MED GROUP INC. to be renamed EKSO Bionics Holdings,
Inc.

 

Dear Mr. Marquez:

 

This Placement Agency
Agreement (“Agreement”) sets forth the terms upon which Gottbetter Capital Markets, LLC, a registered broker-dealer
and member of the Financial Industry Regulatory Authority (“FINRA”), (hereinafter referred to as the “Placement
Agent” or “Markets”), shall be engaged by PN Med Group Inc. (to be renamed EKSO Bionics Holdings, Inc.), a publicly
traded corporation duly organized under the laws of the State of Nevada, (hereinafter referred to as the “Company”
or “Ekso”), to act as an exclusive Placement Agent in connection with the private placement (hereinafter referred to
as the “Offering”) of units (the “Units”) of securities of the Company, as more fully described below.
The initial closing of the Offering will be conditioned upon the receipt of subscriptions for the Minimum Amount (as defined below)
and the consummation of a reverse triangular merger (the “Merger”) between a subsidiary of the Company and Ekso Bionics,
Inc., a Delaware corporation (“Ekso”) and certain other transactions described herein, pursuant to which Ekso will
become a wholly owned subsidiary of the Company, and all of the outstanding Ekso stock will be converted into shares of the Company’s
Common Stock.

 

The Offering of the
Units will be made by the Placement Agent and its selected dealers, with each Unit consisting of one (1) share of the Company’s
Common Stock and a warrant to purchase one (1) share of the Company’s Common Stock at an exercise price per share of Two
Dollars ($2.00), which warrant will be exercisable for a period of five (5) years from the initial closing of the Offering (the
“Investor Warrants”). The Offering Price for the Units will be One Dollar ($1.00) per Unit (the “Offering Price”).
The Offering will consist of the sale of a minimum of Twelve Million (12,000,000) Units for a minimum amount of Twelve Million
Dollars ($12,000,000) (the “Minimum Amount”) and a maximum of Twenty Million (20,000,000) Units for maximum amount
of Twenty Million Dollars ($20,000,000) (the “Maximum Amount”). In the event the Offering is oversubscribed, the Company,
with the consent of the Placement Agent, may sell up to an additional Five Million Dollars ($5,000,000) through the sale of Five
Million (5,000,000) Units (the “Over-allotment Option”). Reference is made to the sale of secured convertible promissory
notes (the “Bridge Notes”) in the aggregate original principal amount of $5,000,000 by Ekso in a private placement
in which the Placement Agent acted as the exclusive placement agent. The aggregate principal amount of Bridge Notes converted into
Units will be included in the gross proceeds of the Offering for purposes of calculating the Minimum Amount and the Maximum Amount.

 

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The minimum subscription
amount for the Offering is One Hundred Thousand United States Dollars ($100,000 USD); provided, however, that subscriptions in
lesser amounts may be accepted upon the written consent of the Company and the Placement Agent, in their sole discretion. The Placement
Agent shall accept subscriptions only from (i) persons or entities who qualify as “accredited investors,” as such term
is defined in Rule 501 of Regulation D (“Regulation D”) as promulgated by the United States Securities and Exchange
Commission (the “SEC”) pursuant to the Securities Act of 1933, as amended (the “Act”).

 

The Offering will be
offered until the earlier of the time that the Maximum Amount, plus any discretionary over-allotment are sold or until December
20, 2013 (such date, the “Termination Date” and such period, the “Offering Period”). The Termination Date
and the Offering Period may be extended until January 17, 2014 at the discretion of the Company with the consent of Ekso.

 

With respect to the
Offering, the Company shall provide the Placement Agent, on terms set forth herein, the right to offer and sell all of the available
Units being offered during the Offering Period. It is understood that no sale shall be regarded as effective unless and until accepted
by the Company. The Company may, in its sole discretion, accept or reject, in whole or in part, any prospective investment in the
Units or allot to any prospective subscriber less than the number of Units that such subscriber desires to purchase. Purchases
of the Units may be made by the Placement Agent and its officers, directors, employees and affiliates and by the officers, directors,
employees and affiliates of the Company for the Offering. The placement of the Units by the Placement Agent will be made on a reasonable
best efforts basis.

 

The Offering will be
made by the Company pursuant to the Securities Purchase Agreement and the Exhibits to the Securities Purchase Agreement, including,
but not limited to, the Summary Term Sheet, Private Placement Memorandum, Registration Rights Agreement, Warrant, and any documents,
agreements, supplements and additions thereto (“Subscription Documents”), which at all times will be in form and substance
reasonably acceptable to the Company and the Placement Agent and their respective counsel and contain such legends and other information
as the Company and the Placement Agent and their respective counsel, may, from time to time, deem necessary and desirable to be
set forth therein.  

 

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1.    
      Appointment of Placement Agent. On the basis of the written and documented
representations and warranties of the Company provided herein, and subject to the terms and conditions set forth herein, the
Placement Agent is appointed as an exclusive Placement Agent of the Company during the Offering Period to assist the Company
in finding qualified subscribers for the Units. The Placement Agent may sell the Units through other broker-dealers who are
FINRA members (collectively, the “Sub-Agents”) and may reallow or reallocate all or a portion of the
Brokers’ Fees including the Broker Warrants (each as defined in Section 3(a), 3(b), 3(c) and 3(d) below) it receives to
such Sub-Agents or pay a finders or consultant fee as allowed by applicable law. On the basis of such representations and
warranties and subject to such terms and conditions, the Placement Agent hereby accepts such appointment and agrees to
perform its services hereunder diligently and in good faith and in a professional and businesslike manner and in compliance
with applicable law and to use its reasonable best efforts to assist the Company in (A) finding subscribers of the Units who
qualify as “accredited investors,” as such term is defined in Rule 501 of Regulation D and (B) completing the
Offering. The Placement Agent has no obligation to purchase any of the Units. Unless sooner terminated in accordance with
this Agreement, the engagement of the Placement Agent hereunder shall continue until the later of the Termination Date or the
Final Closing (as defined below).

 

2.      
    Representations, Warranties and Covenants.

 

A.          Representations,
Warranties and Covenants of the Company. Except as previously disclosed herein or in the Company’s SEC Filings (the “SEC
Filings”) the representations and warranties of the Company contained in this Section 2A are true and correct as of the date
of execution of this Agreement by the Company and the Company covenants as follows, as applicable.

 

(a)  The
Subscription Documents have been and/or will be prepared by the Company, in conformity with all applicable laws, and in compliance
with Regulation D and/or Section 4(2) of the Act and the requirements of all other rules and regulations of the SEC relating to
offerings of the type contemplated by the Offering (the “Regulations”) and the applicable securities laws and the rules
and regulations of those jurisdictions wherein the Placement Agent notifies the Company that the Units are to be offered and sold
excluding any foreign jurisdictions. The Units will be offered and sold pursuant to the registration exemption provided by Regulation
D and/or Section 4(2) of the Act as a transaction not involving a public offering and the requirements of any other applicable
state securities laws and the respective rules and regulations thereunder in those United States jurisdictions in which the Placement
Agent notifies the Company that the Units are being offered for sale. None of the Company, its affiliates, or any person acting
on its or their behalf (other than the Placement Agent, its affiliates or any person acting on its behalf, in respect of which
no representation is made) has taken nor will it take any action that conflicts with the conditions and requirements of, or that
would make unavailable with respect to the Offering, the exemption(s) from registration available pursuant to Rule 506 of Regulation
D and/or Section 4(2) of the Act, or knows of any reason why any such exemption would be otherwise unavailable to it. None of the
Company, its predecessors or affiliates has been subject to any order, judgment or decree of any court of competent jurisdiction
temporarily, preliminarily or permanently enjoining such person for failing to comply with Section 503 of Regulation D. The Company
has not, for a period of six months prior to the commencement of the offering of the Units sold, offered for sale or solicited
any offer to buy any of its securities in a manner that would cause the exemption from registration set forth in Rule 506 of Regulation
D to become unavailable with respect to the offer and sale of the Units pursuant to this Agreement in the United States.

 

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(b)  As to
the Company, the Subscription Documents will not and do not include any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which
they were made, not misleading: provided, however, the foregoing does not apply to any statements or omissions made
solely in reliance on and in conformity with written information furnished to the Company by the Placement Agent specifically for
use in the preparation thereof. To the knowledge of the Company, none of the statements, documents, certificates or other items
made, prepared or supplied by the Company with respect to the transactions contemplated hereby contains an untrue statement of
a material fact or omits to state a material fact necessary to make the statements contained therein not misleading in light of
the circumstances in which they were made. There is no fact which the Company has not disclosed in the Subscription Documents or
which is not disclosed in the SEC Filings that the Company makes with the SEC and of which the Company is aware that materially
adversely affects or that could reasonably be expected to have a material adverse effect on the (i) assets, liabilities, results
of operations, condition (financial or otherwise), business or business prospects of the Company or (ii) ability of the Company
to perform its obligations under this Agreement and the other Subscription documents (the “Company Material Adverse Effect”).
Notwithstanding anything to the contrary herein, the Company makes no representation or warranty with respect to any estimates,
projections and other forecasts and plans (including the reasonableness of the assumptions underlying such estimates, projections
and other forecasts and plans) that may have been delivered to the Placement Agent, a Sub-Agent or their respective representatives,
except that such estimates, projections and other forecasts and plans have been prepared in good faith on the basis of assumptions
stated therein, which assumptions were believed to be reasonable at the time of such preparation.

 

(c)  The
Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada and is qualified
and in good standing as a foreign corporation in each jurisdiction in which the nature of the business conducted by the Company
or the property owned or leased by the Company requires such qualification, except to the extent that the failure to be so qualified
or be in good standing would not have a Company Material Adverse Effect. The Company has all requisite corporate power and authority
to conduct its business as presently conducted and as proposed to be conducted (as described in the Subscription Documents and/or
the SEC Filings), has all the necessary and requisite documents and approvals from all state authorities, has all requisite corporate
power and authority to enter into and perform its obligations under this Agreement, the Securities Purchase Agreement substantially
in the form made part of the Subscription Documents and the other agreements contemplated hereby (this Agreement, Securities Purchase
Agreement, and the other agreements contemplated hereby that the Company is required to execute and deliver in connection with
the Closing are collectively referred to herein as the “Company Transaction Documents”) and subject to necessary
Board of Directors of the Company and Company stockholder approvals (the “Company Consents”), if required, to issue,
sell and deliver the Units, the shares of Common Stock underlying the Units, and the shares of Common Stock issuable upon exercise
of the Investor Warrants (the “Warrant Shares”) and the Broker Warrants (as defined below) and to make the representations
in this Agreement accurate and not misleading. Prior to the First Closing (as defined herein), each of the Company Transaction
Documents will have been duly authorized. This Agreement has been duly authorized, executed and delivered and constitutes, and
each of the other Company Transaction Documents, upon due execution and delivery, will constitute, valid and binding obligations
of the Company, enforceable against the Company in accordance with their respective terms (i) except as enforceability may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect related to laws
affecting creditors’ rights generally, including the effect of statutory and other laws regarding fraudulent conveyances
and preferential transfers, (ii) except that no representation is made herein regarding the enforceability of the Company’s
obligations to provide indemnification and contribution remedies under the securities laws, and (iii) subject to the limitations
imposed by general equitable principles (regardless of whether such enforceability is considered in a proceeding at law or in equity).

 

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(d)  Subject
to receipt of the Company Consents, none of the execution and delivery of or performance by the Company under this Agreement or
any of the other Company Transaction Documents or the consummation of the transactions herein or therein contemplated conflicts
with or violates, or will result in the creation or imposition of, any lien, charge or other encumbrance upon any of the assets
of the Company under any agreement or other instrument to which the Company is a party or by which the Company or its assets may
be bound, or any term of the Articles of Incorporation or By-Laws of the Company, or any license, permit, judgment, decree, order,
statute, rule or regulation applicable to the Company or any of its assets, except in the case of a conflict, violation, lien,
charge or other encumbrance (except with respect to the Company’s Articles of Incorporation or By-Laws) which would not,
or could not reasonably be expected to, have a Company Material Adverse Effect.

 

(e)  The
Company’s financial statements, together with the related notes, if any, included in the Subscription Documents or the Company’s
SEC Filings, present fairly, in all material respects, the financial position of the Company as of the dates specified and the
results of operations for the periods covered thereby. Such financial statements and related notes were prepared in accordance
with United States generally accepted accounting principles applied on a consistent basis throughout the periods indicated, except
that the unaudited financial statements omit full notes, and except for normal year end adjustments. During the period of engagement
of the Company’s independent certified public accountants, there have been no disagreements between the accounting firm and
the Company on any matters of accounting principles or practices, financial statement disclosure or auditing scope or procedures.
The Company has made and kept books and records and accounts which are in reasonable detail and which fairly and accurately reflect
the activities of the Company in all material respects, subject only to year-end adjustments. Except as set forth in such financial
statements or otherwise disclosed in the Subscription Documents or liabilities that may be assumed, directly or indirectly, as
a result of the Merger by operation of law or otherwise, the Company’s senior management has no knowledge of any material
liabilities of any kind, whether accrued, absolute or contingent, or otherwise, and subsequent to the date of the Subscription
Documents and prior to the date of the First Closing it shall not enter into any material transactions or commitments without promptly
thereafter notifying the Placement Agent in writing of any such material transaction or commitment. The other financial and statistical
information with respect to the Company and any pro forma information and related notes included in the SEC Filings present fairly
the information shown therein on a basis consistent with the financial statements of the Company included in the SEC Filings. Except
as disclosed in the Subscription Documents or as a result of the Merger (which will be material to the Company), the Company does
not know of any facts, circumstances or conditions which could materially adversely affect its operations, earnings or prospects
that have not been fully disclosed in the financial statements appearing in the SEC Filings or other financial statements appearing
in the SEC Filings or other documents or information provided by the Company.

 

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(f)  Immediately
prior to the First Closing, the shares of Common Stock underlying the Units, the Investor Warrants and the Broker Warrants will
have been duly authorized and, when issued and delivered against payment therefor as provided in the Company Transaction Documents,
will be validly issued, fully paid and nonassessable. No holder of any of the shares of Common Stock underlying the Units, the
Investor Warrants and the Broker Warrants will be subject to personal liability solely by reason of being such a holder, and except
as described in the Subscription Documents, none of the shares of Common Stock underlying the Units, the Investor Warrants and
the Broker Warrants will be subject to preemptive or similar rights of any stockholder or security holder of the Company or an
adjustment under the antidilution or exercise rights of any holders of any outstanding shares of capital stock, options, warrants
or other rights to acquire any securities of the Company.  Immediately prior to the First Closing, a sufficient number of
authorized but unissued shares of Common Stock will have been reserved for issuance upon the exercise of the Investor Warrants
and the Broker Warrants.

 

(g)  Except
as described in the Subscription Documents (including Ekso and its subsidiary that will become subsidiaries of the Company as a
result of the Merger and related transactions described therein) and/or the Company’s SEC Filings, the Company has no subsidiaries
and does not own any equity interest and has not made any loans or advances to or guarantees of indebtedness to any person, corporation,
partnership or other entity. The conduct of business by the Company as presently and proposed to be conducted is not subject to
continuing oversight, supervision, regulation or examination by any governmental official or body of the United States, or any
other jurisdiction wherein the Company conducts or proposes to conduct such business, except as described in the Subscription Documents
and/or the Company’s SEC Filings and except as such regulation is applicable to US public companies and commercial enterprises
generally and except upon consummation of the Merger the U.S. Food and Drug Administration (FDA) and similar foreign governmental
bodies pertaining to the development, manufacture and sale of medical devices. The Company has obtained all material licenses,
permits and other governmental authorizations necessary to conduct its business as presently conducted. The Company has not received
any notice of any violation of, or noncompliance with, any federal, state, local or foreign laws, ordinances, regulations and orders
(including, without limitation, those relating to environmental protection, occupational safety and health, securities laws, equal
employment opportunity, consumer protection, credit reporting, “truth-in-lending”, and warranties and trade practices)
applicable to its business, the violation of, or noncompliance with, would have a Company Material Adverse Effect, and the Company
knows of no facts or set of circumstances which could give rise to such a notice.

 

(h)  Except
as described in the Subscription Documents and/or the Company’s SEC Filings, no default by the Company or, to the knowledge
of the Company or any other party, exists in the due performance under any material agreement to which the Company is a party or
to which any of its assets is subject (collectively, the “Company Agreements”). The Company Agreements, if any, disclosed
in the Subscription Documents and/or the Company’s SEC Filings are the only material agreements to which the Company is bound
or by which its assets are subject, are accurately described in the Subscription Documents and/or the Company’s SEC Filings
and are in full force and effect in accordance with their respective terms, subject to any applicable bankruptcy, insolvency or
other laws affecting the rights of creditors generally and to general equitable principles and the availability of specific performance.

 

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(i)  Subsequent
to the respective dates as of which information is given in the Subscription Documents, the Company has operated its business in
the ordinary course and, except as may otherwise be set forth in the Subscription Documents (including, without limitation, the
Merger and the anticipated consequences thereof) and/or the Company’s SEC Filings, there has been no: (i) Company Material
Adverse Effect; (ii) material transaction otherwise than in the ordinary course of business consistent with past practice;
(iii) issuance of any securities (debt or equity) or any rights to acquire any such securities other than pursuant to equity
incentive plans approved by its Board of Directors; (iv) damage, loss or destruction, whether or not covered by insurance, with
respect to any material asset or property of the Company; or (v) agreement to permit any of the foregoing.

 

(j)  Except
as set forth in the Subscription Documents and/or the Company’s SEC Filings, there are no actions, suits, claims, hearings
or proceedings pending before any court or governmental authority or, to the knowledge of the Company, threatened, against the
Company, or involving its assets or any of its officers or directors (in their capacity as such) which, if determined adversely
to the Company or such officer or director, could reasonably be expected to have a Company Material Adverse Effect or adversely
affect the transactions contemplated by this Agreement or the enforceability hereof.

 

(k)  The
Company is not: (i) in violation of its Articles of Incorporation or By-Laws; (ii) in default of any contract, indenture, mortgage,
deed of trust, note, loan agreement, security agreement, lease, alliance agreement, joint venture agreement or other agreement,
license, permit, consent, approval or instrument to which the Company is a party or by which it is or may be bound or to which
any of its assets may be subject, the default of which could reasonably be expected to have a Company Material Adverse Effect;
(iii) in violation of any statute, rule or regulation applicable to the Company, the violation of which would have a Company Material
Adverse Effect; or (iv) in violation of any judgment, decree or order of any court or governmental body having jurisdiction over
the Company and specifically naming the Company, which violation or violations individually, or in the aggregate, could reasonably
be expected to have a Company Material Adverse Effect.

 

(l)  Except
as disclosed in the Subscription Documents and/or the Company’s SEC Filings and except for arm’s length transactions
pursuant to which the Company or any subsidiary makes payments in the ordinary course of business upon terms no less favorable
than it could obtain from third parties, as of the date of this Agreement, no current or former stockholder, director, officer
or employee of the Company, nor, to the knowledge of the Company, any affiliate of any such person is presently, directly or indirectly
through his/her affiliation with any other person or entity, a party to any loan from the Company or any other transaction (other
than as an employee) with the Company providing for the furnishing of services by, or rental of any personal property from, or
otherwise requiring cash payments to any such person.

 

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(m)  The
Company is not obligated to pay, and has not obligated the Placement Agent to pay, a finder’s or origination fee in connection
with the Offering (other than to the Placement Agent), and hereby agrees to indemnify the Placement Agent from any such claim made
by any other person as more fully set forth in Section 8 hereof. The Placement Agent acknowledges that Ekso has engaged Mesirow
Financial as its financial advisor and that the Ekso will pay Mesirow Financial a fee upon the closing of the Merger. The Company
has not offered for sale or solicited offers to purchase the Units except for negotiations with the designated Placement Agent.
Except as set forth in the Subscription Documents, no other person has any right to participate in any offer, sale or distribution
of the Company’s securities to which the Placement Agent’s rights, described herein, shall apply.

 

(n)  Until
the earlier of (i) the Termination Date or (ii) the Final Closing (as hereinafter defined), the Company will not issue any press
release, grant any interview, or otherwise communicate with the media in any manner whatsoever with respect to the Offering without
the Placement Agent’s prior written consent, which consent will not unreasonably be withheld or delayed.

 

(o)  No representation
or warranty contained in Section 2A of this Agreement contains any untrue statement of a material fact or omits to state a material
fact necessary to make the statements herein not misleading in the context of such representations and warranties. The Placement
Agent shall be entitled to rely on such representations and warranties.

 

(p)  No consent,
authorization or filing of or with any court or governmental authority is required in connection with the issuance or the consummation
of the Offering, except for required filings with the SEC and the applicable state securities commissions relating specifically
to the Offering (all of which filings will be duly made by, or on behalf of, the Company), and those which are required to be made
after the First Closing (all of which will be duly made on a timely basis).

 

(q)  The
Company acknowledges that Adam S. Gottbetter is the owner of Gottbetter Capital Group, Inc., Gottbetter & Partners, LLP
and Gottbetter Capital Markets, LLC.  Gottbetter Capital Group, Adam S. Gottbetter and/or other affiliates of Mr. Gottbetter,
as well as affiliates of a Sub-Agent, may own shares of the Company.  Gottbetter & Partners, LLP has been or
will be engaged by the Company as its corporate and securities counsel in respect of the transactions, and G&P may continue
to be retained by the Company after the Merger to serve as its corporate and securities counsel, and will receive legal fees in
accordance with an executed retainer agreement.  Gottbetter Capital Markets, LLC is the Placement Agent for the Offering
of the Units for which it will receive placement agent fees in accordance with executed placement agent agreements.

 

(r)  Neither
the sale of the Units by the Company nor its use of the proceeds thereof will violate the Trading with the Enemy Act, as amended,
or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended)
or any enabling legislation or executive order relating thereto. Without limiting the foregoing, the Company is not (a) a person
whose property or interests in property are blocked pursuant to Section 1 of Executive Order 13224 of September 23, 2001 Blocking
Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001))
or (b) a person who engages in any dealings or transactions, or be otherwise associated, with any such person. The Company and
its subsidiaries, if any, are in compliance, in all material respects, with the USA Patriot Act of 2001 (signed into law October
26, 2001).

 

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(s)  None
of Company, any of its predecessors, any affiliated issuer, any director, executive officer, other officer of the Company participating
in the Offering, any beneficial owner of 20% or more of the Company’s outstanding voting equity securities, calculated on
the basis of voting power, nor any promoter (as that term is defined in Rule 405 under the Securities Act) connected with the Company
in any capacity at the time of sale (each, an “Issuer Covered Person” and, together, “Issuer Covered Persons”)
is subject to any Disqualification Event (as defined below), except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3).
The Company has exercised reasonable care to determine whether any Covered Person is subject to a Disqualification Event. The Company
has complied, to the extent applicable, with its disclosure obligations under Rule 506(e), and has furnished to the Placement Agent
a copy of any disclosures provided thereunder. 

 

(t)  The
Company is not aware of any person (other than any Issuer Covered Person or Placement Agent Covered Person (as defined below))
that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with the sale
of any the Securities.

 

(u)          The
Company will promptly notify the Placement Agent in writing of (A) any Disqualification Event relating to any Issuer Covered Person
and (B) any event that would, with the passage of time, become a Disqualification Event relating to any Issuer Covered Person.

 

2B.         Representations,
Warranties and Covenants of Placement Agent. The Placement Agent hereby represents and warrants to the Company that the following
representations and warranties are true and correct as of the date of this Agreement:

 

(a)  The
Placement Agent is a limited liability company duly organized, validly existing and in good standing under the laws of the State
of New York and has all requisite corporate power and authority to enter into this Agreement and to carry out and perform its obligations
under the terms of this Agreement.

 

(b)  This
Agreement has been duly authorized, executed and delivered by the Placement Agent, and upon due execution and delivery by the Company,
this Agreement will be a valid and binding agreement of the Placement Agent enforceable against it in accordance with its terms,
except as may be limited by principles of public policy and, as to enforceability, subject to applicable bankruptcy, insolvency,
reorganization, moratorium and similar laws relating to or affecting creditor’s rights from time to time in effect and subject
to general equity principles.

 

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(c)  The
Placement Agent is a member of FINRA and is registered as a broker-dealer under the Exchange Act (as defined below), and under
the securities acts of each state into which it is making offers or sales of the Units. None of the Placement Agent or its affiliates,
or any person acting on behalf of the foregoing (other than the Company, its or their affiliates or any person acting on its or
their behalf, in respect of which no representation is made) has taken nor will it take any action that conflicts with the conditions
and requirements of, or that would make unavailable with respect to the Offering, the exemption(s) from registration available
pursuant to Rule 506 of Regulation D or Section 4(2) of the Act, or knows of any reason why any such exemption would be otherwise
unavailable to it. The Placement Agent will conduct the Offering in compliance with all applicable securities laws. Without limiting
the foregoing, the Placement Agent agrees that it has not and will not directly or indirectly solicit offers for, or offer to sell,
Units by means of general solicitation or advertising (as those terms are used in Regulation D) or in any manner involving a public
offering within the meaning of Section 4(a) of the Securities Act.         

 

(d)  Adam
S. Gottbetter is the owner of Gottbetter Capital Group, Inc., Gottbetter & Partners, LLP and Gottbetter Capital Markets,
LLC.  Gottbetter Capital Group, Adam S. Gottbetter and/or other affiliates of Mr. Gottbetter, as well as affiliates of a Sub-Agent,
may own shares of the Company.  Gottbetter & Partners, LLP has been or will be engaged by the Company as its
corporate and securities counsel in respect of the transactions, and G&P may continue to be retained by the Company after the
Contribution to serve as its corporate and securities counsel, and will receive legal fees in accordance with an executed retainer
agreement.  Gottbetter Capital Markets, LLC is the Placement Agent for the Offering of the Units for which it will receive
placement agent fees in accordance with executed placement agent agreements.

 

(e)  The
Placement Agent represents that neither it, nor to its knowledge any of its directors, executive officers, general partners, managing
members or other officers participating in the Offering (each, a “Placement Agent Covered Person” and,
together, “Placement Agent Covered Persons”), is subject to any of the “Bad Actor” disqualifications
described in Rule 506(d)(1)(i) to (viii) under the Securities Act (a “Disqualification Event”).

 

(f)  The
Placement Agent represents that it is not aware of any person (other than any Issuer Covered Person or Placement Agent Covered
Person) that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with the
sale of the Units. Placement Agent will promptly notify the Company of any agreement entered into between such Placement Agent
and such person in connection with such sale.

 

(g)  The
Placement Agent will notify the Company promptly in writing of (A) any Disqualification Event relating to any Placement Agent Covered
Person and (B) any event that would, with the passage of time, become a Disqualification Event relating to any Placement Agent
Covered Person.

 

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3.     
     Placement Agent Compensation.

 

(a)  In connection
with the Offering, the Company will pay a cash fee (the “Brokers’ Cash Fee”) to the Placement Agent at each Closing,
and as a condition to Closing, equal to Ten Percent (10%) of the gross sales price of the Units purchased by those investor(s)
directly introduced to the Company by the Placement Agent or a Sub-Agent (collectively, the “Markets Investors”). In
addition, the Company will deliver to the Placement Agent (or its designees) warrants exercisable for a period of five (5) years
from the initial Closing of the Offering, to purchase a number of shares of Common Stock equal to Ten Percent (10%) of the number
of shares of Common Stock sold to the Markets Investors with an exercise price of $1.00 per share (the “Broker Warrants”
and together with the Brokers’ Cash Fee, are sometimes referred to collectively as “Brokers’ Fees”). Any
Sub- Agent of the Placement Agent that introduces investors to the Company will be entitled to share in the Brokers’ Cash
Fee and Broker Warrants attributable to those investors, pursuant to the terms of the Sub Dealer Agreement.

 

(b)          Notwithstanding
anything to the contrary contained in Section 3(a), the Brokers’ Cash Fee in respect of the funds invested in the Units by
any of Lockheed Martin, Chickasaw Nation Industries, NIF or Scott Banister (the “Named Investors”), shall be reduced
to Two Percent (2%) of the gross sales price of the Units purchased by the Named Investors. In addition, notwithstanding anything
to the contrary contained in Section 3(a), the Broker Warrants issued in respect of funds invested in the Units by any of the Named
Investors shall be exercisable for a period of five (5) years from the initial Closing of the Offering and shall be exercisable
to purchase a number of shares of Common Stock equaling Two Percent (2%) sold to the Named Investors.

 

(c)      
    The Company shall also pay to the Placement Agent a Brokers’ Cash Fee equal to Five Percent
(5%) of the exercise price for each Investor Warrant exercised by Markets Investors in connection with a solicitation of
exercise of warrants by the Company.

 

(d)          The
Company shall also pay to the Placement Agent the Brokers’ Fees if any person or entity contacted by the Placement Agent
or a Sub-Agent in connection with the Offering, which person was introduced to the Company prior to or during the Offering by the
Placement Agent or a Sub-Agent, invests in the Company at any time prior to the date that is eighteen (18) months after the Termination
Date or the Final Closing whichever is applicable, regardless of whether such Post-Closing Investor purchased the Units. The Placement
Agent will provide a sealed envelope to the Company’s counsel identified herein with a list of the investors contacted in
connection with the Offering within ten (10) business days of the Termination Date.

 

(e)    
     The Placement Agent shall not receive a Brokers’ Cash Fee or Broker Warrants in
respect of Units or Common Stock issued upon conversion of the Bridge Notes or the exercise of the Bridge Warrants (except as
provided for in Section 3(c) above).

 

(f) To the extent there
is more than one Closing, payment of the proportional amount of the Brokers’ Fees will be made out of the proceeds of subscriptions
for the Units sold at each Closing.

 

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4.    
      Subscription and Closing Procedures.

 

(a)  The
Company shall cause to be delivered to the Placement Agent and any Sub-Agent copies of the Subscription Documents and has consented,
and hereby consents, to the use of such copies for the purposes permitted by the Act and applicable securities laws and in accordance
with the terms and conditions of this Agreement, and hereby authorizes the Placement Agent and any Sub-Agent, and their respective
agents and employees to use the Subscription Documents in connection with the sale of the Units until the earlier of (i) the Termination
Date or (ii) the Final Closing, and no person or entity is or will be authorized to give any information or make any representations
other than those contained in the Subscription Documents or to use any offering materials other than those contained in the Subscription
Documents in connection with the sale of the Units, unless the Company first provides the Placement Agent with notification of
such information, representations or offering materials.

 

(b)  The
Company shall make available to the Placement Agent, any Sub-Agent and their respective representatives such information, including,
but not limited to, financial information, and other information regarding the Company (the “Information”), as may
be reasonably requested in making a reasonable investigation of the Company and its affairs. The Company shall provide access to
the officers, directors, employees, independent accountants, legal counsel and other advisors and consultants of the Company as
shall be reasonably requested by the Placement Agent or any Sub-Agent. The Company recognizes and agrees that the Placement Agent
and a Sub-Agent (i) will use and rely primarily on the Information and generally available information from recognized public sources
in performing the services contemplated by this Agreement without independently verifying the Information or such other information,
(ii) does not assume responsibility for the accuracy of the Information or such other information, and (iii) will not make an appraisal
of any assets or liabilities owned or controlled by the Company or its market competitors.

 

(c)  Each
prospective purchaser will be required to complete and execute the Subscription Documents, Anti-Money Laundering Form and other
documents (the “Subscription Documents”) which will be forwarded or delivered to the Placement Agent at the Placement
Agent’s offices at the address set forth in Section 12 hereof.

 

(d)  Simultaneously
with the delivery to the Placement Agent of the Subscription Documents, the subscriber’s check or other good funds will be
forwarded directly by the subscriber to the escrow agent and deposited into a non interest bearing escrow account (the “Escrow
Account”) established for such purpose (the “Escrow Agent”). All such funds for subscriptions will be held in
the Escrow Account pursuant to the terms of an escrow agreement among the Company, the Placement Agent and the Escrow Agent.
The Company will pay all fees related to the establishment and maintenance of the Escrow Account. Subject to the receipt of
subscriptions for the Minimum Amount and the related executed Subscription Documents from subscribers, the Company will either
accept or reject, for any or no reason, the Subscription Documents in a timely fashion and at each Closing will countersign the
Subscription Documents and provide duplicate copies of such documents to the Placement Agent for distribution to the subscribers.
The acceptance of any Subscription Documents will be subject to the reasonable approval of the Company. The Company will give notice
to the Placement Agent of its acceptance of each subscription. The Company, or the Placement Agent on the Company’s behalf,
will promptly return to subscribers incomplete, improperly completed, improperly executed and rejected subscriptions and give written
notice thereof to the Placement Agent upon such return.

 

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(e)  If subscriptions
for the Minimum Amount have been accepted by the Company prior to the Termination Date, the funds therefor have been collected
by the Escrow Agent and all of the conditions set forth elsewhere in this Agreement are fulfilled, a closing shall be held promptly
with respect to the Units sold (the “First Closing”). Thereafter, the remaining Units will continue to be offered and
sold until the Termination Date. Additional closings (“Closings”) may from time to time be conducted at times mutually
agreed to between the Placement Agent and the Company with respect to additional Units sold, with the final closing (“Final
Closing”) to occur within 10 days after the earlier of the Termination Date and the date on which the Maximum Amount (including
any over-allotment) has been subscribed for. Delivery of payment for the accepted subscriptions for Units from the funds held in
the Escrow Account will be made at each Closing at the Placement Agent’s offices against delivery of the Units by the Company
at the address set forth in Section 12 hereof (or at such other place as may be mutually agreed upon between the Company and
the Placement Agent), net of amounts due to the Placement Agent and any Sub-Agent as directed, and Blue Sky counsel as of such
Closing. Executed certificates for the Units will be in such authorized denominations and registered in such names as the Placement
Agent may request on or before the date of each Closing (“Closing Date”). The certificates will be forwarded to the
subscriber directly by the transfer agent or the Company’s designated agent at each Closing. The Company will issue the certificates
for the Units within twenty (20) days of each Closing.

 

(f)  If Subscription
Documents for the Minimum Amount have not been received and accepted by the Company on or before the Termination Date for any reason,
the Offering will be terminated, no Units will be sold, and the Escrow Agent will, at the request of the Placement Agent, cause
all monies received from subscribers for the Units to be promptly returned to such subscribers without interest, penalty, expense
or deduction.

 

5.      
    Further Covenants.

 

The Company hereby
covenants and agrees that:

 

(a)  Except
upon prior written notice to the Placement Agent, the Company shall not, at any time prior to the Final Closing, knowingly take
any action which would cause any of the representations and warranties made by it in this Agreement not to be complete and correct
in all material respects on and as of each Closing Date with the same force and effect as if such representations and warranties
had been made on and as of each such date (except to the extent any representation or warranty relates to an earlier date).

 

(b)  If,
at any time prior to the Final Closing, any event shall occur that causes a Company Material Adverse Effect and as a result it
becomes necessary to amend or supplement the Subscription Documents so that the representations and warranties herein remain true
and correct in all material respects, or in case it shall be necessary to amend or supplement the Subscription Documents to comply
with Regulation D or any other applicable securities laws or regulations, the Company will promptly notify the Placement Agent
and shall, at its sole cost, prepare and furnish to the Placement Agent copies of appropriate amendments and/or supplements in
such quantities as the Placement Agent may reasonably request. The Company will not at any time before the Final Closing prepare
or use any amendment or supplement to the Subscription Documents of which the Placement Agent will not previously have been advised
and furnished with a copy, or which is not in compliance in all material respects with the Act and other applicable securities
laws. As soon as the Company is advised thereof, the Company will advise the Placement Agent and its counsel, and confirm the advice
in writing, of any order preventing or suspending the use of the Subscription Documents, or the suspension of any exemption for
such qualification or registration thereof for offering in any jurisdiction, or of the institution or threatened institution of
any proceedings for any of such purposes, and the Company will use their commercially reasonable best efforts to prevent the issuance
of any such order and, if issued, to obtain as soon as reasonably possible the lifting thereof.

 

    	13

    	 

    

 

(c)  The
Company shall comply with the Act, the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules
and regulations thereunder, all applicable state securities laws and the rules and regulations thereunder in the states in which
Placement Agent’s Blue Sky counsel has advised the Placement Agent and/or the Company that the Units are qualified or registered
for sale or exempt from such qualification or registration, so as to permit the continuance of the sales of the Units, and will
file or cause to be filed with the SEC, and shall promptly thereafter forward or cause to be forwarded to the Placement Agent,
any and all reports on Form D as are required. The Company will pay the attorney’s fee and out of pocket expenses related
to the filings for registrations of sale or exemption from such qualifications with any state securities commissions and any other
regulatory agencies. Such fees will be paid at the time of invoicing, or at the time of Closing, if known, and if not yet invoiced,
funds will remain in escrow to cover the estimated invoice.

 

(d)  The
Company shall use best efforts to qualify the Units for sale under the securities laws of such jurisdictions in the United States
as may be mutually agreed to by the Company and the Placement Agent, and the Company will make or cause to be made such applications
and furnish information as may be required for such purposes, provided that the Company will not be required to qualify as a foreign
corporation in any jurisdiction or execute a general consent to service of process. The Company will, from time to time, prepare
and file such statements and reports as are or may be required to continue such qualifications in effect for so long a period as
the Placement Agent may reasonably request with respect to the Offering.

 

(e)  The
Company shall place a legend on the certificates representing the Common Stock and the Investor Warrants issued in the Offering
that the securities evidenced thereby have not been registered under the Act or applicable state securities laws, setting forth
or referring to the applicable restrictions on transferability and sale of such securities under the Act and applicable state laws.

 

(f)  The
Company shall apply the net proceeds from the sale of the Units for the purposes substantially as described in the Subscription
Documents. Except as set forth in the Subscription Documents, the Company shall not use any of the net proceeds of the Offering
to repay indebtedness to officers (other than accrued salaries incurred in the ordinary course of business), directors or stockholders
of the Company without the prior written consent of the Placement Agent.

 

    	14

    	 

    

 

(g)  During
the Offering Period, the Company shall afford each prospective purchaser of the Units the opportunity to ask questions of and receive
answers from an officer of the Company concerning the terms and conditions of the Offering and the opportunity to obtain such other
additional information necessary to verify the accuracy of the Subscription Documents to the extent the Company possesses such
information or can acquire it without unreasonable expense.

 

(h)  Except
with the prior written consent of the Placement Agent, the Company shall not, at any time prior to the earlier of the Final Closing
or the Termination Date, except as contemplated by the Subscription Documents (including the consummation of the Merger and the
transactions contemplated in connection therewith) (i) engage in or commit to engage in any transaction outside the ordinary course
of business as described in the Subscription Documents, (ii) issue, agree to issue or set aside for issuance any securities (debt
or equity) or any rights to acquire any such securities (with the exception of the Conversion Securities and securities in connection
with the Subsequent Offering), (iii) incur, outside the ordinary course of business, any material indebtedness (with the exception
of any indebtedness incurred in connection with the Subsequent Offering), (iv) dispose of any material assets, (v) make any material
acquisition or (vi) change its business or operations in any material respect.

 

(i)  The
Company shall pay all reasonable expenses incurred in connection with the preparation and printing of all necessary offering documents
and instruments related to the Offering and the issuance of the Units and will also pay for the Company’s expenses for accounting
fees, legal fees, printing costs, and other costs involved with the Offering. The Company will provide at its own expense such
quantities of the Subscription Documents and other documents and instruments relating to the Offering as the Placement Agent may
reasonably request. The Company will pay at its own expenses in connection with the creation, authorization, issuance, transfer
and delivery of the Units, including, without limitation, fees and expenses of any transfer agent or registrar; the fees and expenses
of the Escrow Agent; all fees and expenses of legal, accounting and other advisers to the Company; the registration or qualification
of the Units for offer and sale under the securities or Blue Sky laws of those jurisdictions where the Unites were offered and
sold, payable within five (5) days of being invoiced; and at the First Closing, or, if there is no Closing, within ten (10) days
after written request therefore following the Termination Date, the legal fees and expenses of the Placement Agent’s counsel
(the “Placement Agent Counsel Fee”), which legal fees, shall be a total of Twenty Five Thousand Dollars ($25,000) plus
reasonable out of pocket expenses provided that such limitation shall in no way affect the obligations of the Company with respect
to indemnification and contribution as set forth in Sections 8 and 9 herein. This Placement Agent Counsel Fee is in addition to
the legal fees paid by Ekso pursuant to the Placement Agent Agreement dated November 14, 2013. The Placement Agent Counsel Fee
does not include the legal fees and expenses for the Blue Sky and other regulatory filings required to be made for the Offering.

 

6.     
     Conditions of Placement Agent’s Obligations.

 

The obligations of
the Placement Agent hereunder to affect a Closing are subject to the fulfillment, at or before each Closing, of the following additional
conditions:

 

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(a)  Each
of the representations and warranties made by the Company shall be true and correct on each Closing Date, except to the extent
any such representation or warranty expressly speaks as of an earlier date, in which case such representation or warranty shall
be true and correct as of such earlier date and except for any untrue or incorrect representation and warranty that, individually
or in the aggregate, does not have a Company Material Adverse Effect.

 

(b)  The
Company shall have performed and complied in all material respects with all agreements, covenants and conditions required to be
performed herein, and complied with by it at or before the Closing.

 

(c)  The
Subscription Documents do not, and as of the date of any amendment or supplement thereto will not, include any untrue statement
of a material fact by the Company or omit to state any material fact by the Company necessary in order to make the statements therein,
in light of the circumstances under which they were made, not misleading.

 

(d)  No order
suspending the use of the Subscription Documents or enjoining the Offering or sale of the Units shall have been issued, and no
proceedings for that purpose or a similar purpose shall have been initiated or pending, or, to the best of the Company’s
knowledge, be contemplated or threatened.

 

(e)  The
Placement Agent shall have received a certificate of the Chief Executive Officer of the Company, dated as of the Closing Date,
certifying, as to the fulfillment of the conditions set forth in subparagraphs (a), (b), (c) and (d) above.

 

(f)  The
Company shall have delivered to the Placement Agent: (i) a good standing certificate dated as of a date within 10 days prior to
the Closing Date from the secretary of state of its jurisdiction of incorporation and (ii) resolutions of the Company’s Board
of Directors approving this Agreement and the transactions and agreements contemplated by this Agreement, and the Subscription
Documents, all as certified by the Chief Executive Officer of the Company.

 

(g)  At each
Closing, the Company shall pay and/or issue to the Placement Agent the Brokers’ Fees earned in such Closing.

 

(h)  All
proceedings taken at or prior to the Closing in connection with the authorization, issuance and sale of the Units will be reasonably
satisfactory in form and substance to the Placement Agent and its counsel, and such counsel shall have been furnished with all
such documents, certificates and opinions as it may reasonably request upon reasonable prior notice in connection with the transactions
contemplated hereby.

 

7.  
        Conditions of the Company’s Obligations.

 

The obligations of
the Company hereunder to affect a Closing are subject to the fulfillment, at or before each Closing, of the following additional
conditions:

 

(a)  The
satisfaction or waiver of all conditions to closing as set forth herein.

 

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(b)  As of
each Closing, each of the representations and warranties made by Placement Agent herein being true and correct as of the Closing
Date for such Closing.

 

(c)  At each
Closing, the Company shall have received the proceeds from the sale of the Units that are part of such Closing less applicable
Brokers’ Fees.

 

7A.   Mutual
Condition. The obligations of the Placement Agent and the Company hereunder are subject to the execution by each investor of
a Securities Purchase Agreement in form and substance acceptable to the Placement Agent and the Company and deposit by such investor
with the escrow agent of all funds required to be so deposited by such investor.

 

8.     
     Indemnification.

 

(a)  The
Company will: (i) indemnify and hold harmless the Placement Agent, any Sub-Agent, their respective agents and their respective
officers, directors, employees, selected dealers and each person, if any, who controls the Placement Agent or any Sub-Agent, as
applicable, within the meaning of the Act and such agents (each an “Indemnitee” or a “Placement Agent Party”)
against, and pay or reimburse each Indemnitee for, any and all losses, claims, damages, liabilities or expenses whatsoever (or
actions or proceedings or investigations in respect thereof), severally (which will, for all purposes of this Agreement, include,
but not be limited to, all reasonable costs of defense and investigation and all reasonable attorneys’ fees, including appeals),
to which any Indemnitee may become subject (a) under the Act or otherwise, in connection with the offer and sale of the Units and
(b) as a result of the breach of any representation, warranty or covenant made by the Company herein, regardless of whether such
losses, claims, damages, liabilities or expenses shall result from any claim by any Indemnitee or by any third party; and (ii)
reimburse each Indemnitee for any legal or other expenses reasonably incurred in connection with investigating or defending against
any such loss, claim, action, proceeding or investigation; provided, however, the Company will not have any obligation
to indemnify or reimburse any Indemnitee to the extent that any such claim, damage or liability is finally judicially determined
to have resulted from (A) an untrue statement or alleged untrue statement of a material fact made in the Subscription Documents,
or an omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements
therein not misleading, made solely in reliance upon and in conformity with written information furnished to the Company by the
Placement Agent specifically for use in the Subscription Documents or (B) any violations of law by the Placement Agent (including,
without limitation, violations of the Act or state securities laws) which does not result from a violation thereof by the Company
or any of their respective affiliates, (C) due to intentional or negligent misrepresentations and/or malfeasance of the Placement
Agent or the Sub-Agent, as applicable, or (D) the gross negligence or willful misconduct or violations of law by the Indemnitee
seeking indemnification hereunder. In addition to the foregoing agreement to indemnify and reimburse, the Company will indemnify
and hold harmless each Indemnitee against any and all losses, claims, damages, liabilities or expenses whatsoever (or actions or
proceedings or investigations in respect thereof), joint or several (which shall, for all purposes of this Agreement, include,
but not be limited to, all reasonable costs of defense and investigation and all reasonable attorneys’ fees, including appeals)
to which any Indemnitee may become subject insofar as such costs, expenses, losses, claims, damages or liabilities arise out of
or are based upon the claim of any person or entity that he or it is entitled to broker’s or finder’s fees from any
Indemnitee in connection with the Offering as a result of the Company obligating itself or any Indemnitee to pay such a fee, other
than fees due to the Placement Agent, its dealers, Sub-Agents or finders. The foregoing indemnity agreements will be in addition
to any liability the Company may otherwise have.

 

    	17

    	 

    

 

(b)  The
Placement Agent will indemnify and hold harmless the Company, its subsidiaries, and their respective officers, directors, and each
person, if any, who controls such entity within the meaning of the Act (collectively, the “Company Indemnitees”) against,
and pay or reimburse any such person for, any and all losses, claims, damages, liabilities or expenses whatsoever (or actions,
proceedings or investigations in respect thereof) to which the Company or any such person may become subject under the Act or otherwise,
whether such losses, claims, damages, liabilities or expenses shall result from any claim of the Company or any such person who
controls the Company within the meaning of the Act or by any third party, but only to the extent that such losses, claims, damages
or liabilities are based upon (A) any violations of law by the Placement Agent (including, without limitation, of the Act or state
securities laws) which does not result from a violation thereof by the Company or any of their respective affiliates, (B) any untrue
statement or alleged untrue statement of any material fact contained in the Subscription Documents made in reliance upon and in
conformity with information contained in the Subscription Documents relating to the Placement Agent, or an omission or alleged
omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading,
in either case, if made or omitted in reliance upon and in conformity with written information furnished to the Company by the
Placement Agent, specifically for use in the preparation thereof, or (C) the intentional or negligent misrepresentations and/or
malfeasance of the Placement Agent. The Placement Agent will reimburse the Company or any such person for any legal or other expenses
reasonably incurred in connection with investigating or defending against any such loss, claim, damage, liability or action, proceeding
or investigation to which such indemnity obligation applies. In addition to the foregoing agreement to indemnify and reimburse,
the Placement Agent will indemnify and hold harmless each Company Indemnitee against any and all losses, claims, damages, liabilities
or expenses whatsoever (or actions or proceedings or investigations in respect thereof), joint or several (which shall, for all
purposes of this Agreement, include, but not be limited to, all reasonable costs of defense and investigation and all reasonable
attorneys’ fees, including appeals) to which any Company Indemnitee may become subject insofar as such costs, expenses, losses,
claims, damages or liabilities arise out of or are based upon the claim of any person or entity that he or it is entitled to broker’s
or finder’s fees from any Company Indemnitee in connection with the Offering as a result of the Placement Agent obligating
itself or any Company Indemnitee to pay such a fee. The foregoing indemnity agreements are in addition to any liability which the
Placement Agent may otherwise have.

 

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(c)  Promptly
after receipt by an indemnified party under this Section 8 of notice of the commencement of any action, claim, proceeding or investigation
(the “Action”), such indemnified party, if a claim in respect thereof is to be made against the indemnifying party
under this Section 8, will notify the indemnifying party of the commencement thereof, but the omission to so notify the indemnifying
party will not relieve it from any liability that it may have to any indemnified party under this Section 8 unless the indemnifying
party has been substantially prejudiced by such omission. The indemnifying party will be entitled to participate in and, to the
extent that it may wish, jointly with any other indemnifying party, to assume the defense thereof subject to the provisions herein
stated, with counsel reasonably satisfactory to such indemnified party. The indemnified party will have the right to employ separate
counsel in any such Action and to participate in the defense thereof, but the fees and expenses of such counsel will not be at
the expense of the indemnifying party if the indemnifying party has assumed the defense of the Action with counsel reasonably satisfactory
to the indemnified party, provided, however, that if the indemnified party shall be requested by the indemnifying party to participate
in the defense thereof or shall have concluded in good faith and specifically notified the indemnifying party either that there
may be specific defenses available to it that are different from or additional to those available to the indemnifying party or
that such Action involves or could have a material adverse effect upon it with respect to matters beyond the scope of the indemnity
agreements contained in this Agreement, then the counsel representing it, to the extent made necessary by such defenses, shall
have the right to direct such defenses of such Action on its behalf and in such case the reasonable fees and expenses of such counsel
in connection with any such participation or defenses shall be paid by the indemnifying party. No settlement of any Action against
an indemnified party will be made without the consent of the indemnifying party and the indemnified party, which consent shall
not be unreasonably withheld or delayed in light of all factors of importance to such party, and no indemnifying party shall be
liable to indemnify any person for any settlement of any such claim effected without such indemnifying party’s consent.

 

9.     
     Contribution.

 

To provide for just
and equitable contribution, if: (i) an indemnified party makes a claim for indemnification pursuant to Section 8 hereof and it
is finally determined, by a judgment, order or decree not subject to further appeal that such claims for indemnification may not
be enforced, even though this Agreement expressly provides for indemnification in such case; or (ii) any indemnified or indemnifying
party seeks contribution under the Act, the Exchange Act, or otherwise, then each indemnifying party shall contribute to such amount
paid or payable by such indemnified party in such proportion as is appropriate to reflect not only such relative benefits but also
the relative fault of the Company on the one hand and the Placement Agent on the other in connection with the statements or omissions
which resulted in such losses, claims, damages, liabilities or expenses (or actions in respect thereof), as well as any other relevant
equitable considerations. The relative benefits received by the Company on the one hand and the Placement Agent on the other shall
be deemed to be in the same proportion as the total net proceeds from the Offering (before deducting expenses) received by the
Company bear to the total Brokers’ Fees received by the Placement Agent. The relative fault, in the case of an untrue statement,
alleged untrue statement, omission or alleged omission will be determined by, among other things, whether such statement, alleged
statement, omission or alleged omission relates to information supplied by the Company or by the Placement Agent, and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such statement, alleged statement, omission
or alleged omission. The Company and the Placement Agent agree that it would be unjust and inequitable if the respective obligations
of the Company and the Placement Agent for contribution were determined by pro rata allocation of the aggregate losses, liabilities,
claims, damages and expenses or by any other method or allocation that does not reflect the equitable considerations referred to
in this Section 9. No person guilty of a fraudulent misrepresentation (within the meaning of Section 10(f) of the Act) will be
entitled to contribution from any person who is not guilty of such fraudulent misrepresentation. For purposes of this Section 9,
each person, if any, who controls the Placement Agent within the meaning of the Act will have the same rights to contribution as
the Placement Agent, and each person, if any, who controls the Company within the meaning of the Act will have the same rights
to contribution as the Company, subject in each case to the provisions of this Section 9. Anything in this Section 9 to the contrary
notwithstanding, no party will be liable for contribution with respect to the settlement of any claim or action effected without
its written consent. This Section 9 is intended to supersede, to the extent permitted by law, any right to contribution under the
Act, the Exchange Act or otherwise available.

 

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10.         Termination.

 

(a)  The
Offering may be terminated by the Placement Agent at any time prior to the expiration of the Offering Period in the event that:
(i) any of the representations, warranties or covenants of the Company contained herein or in the Subscription Documents shall
prove to have been false or misleading in any material respect when actually made; (ii) the Company shall have failed to perform
any of its material obligations hereunder or under any other Company Transaction Document; (iii) there shall occur any event, within
the control of the Company that is reasonably likely to materially and adversely affect the transactions contemplated hereunder
or the ability of the Company to perform hereunder; or (iv) the Placement Agent determines that it is reasonably likely that any
of the conditions to Closing to be fulfilled by the Company set forth herein will not, or cannot, be satisfied.

 

(b)  The
Offering may be terminated by the Company at any time prior to the expiration of the Offering Period (i) in the event that the
Placement Agent shall have failed to perform any of its material obligations hereunder, or (ii) on account of the Placement Agent’s
fraud, illegal or willful misconduct or gross negligence or (iii) a material breach of this Agreement by the Placement Agent. In
the event of any such termination by the Company, the Placement Agent shall not be entitled to any amounts whatsoever except (i)
as may be due under any indemnity or contribution obligation provided herein or in any other Company Transaction Document, at law
or otherwise and (ii) it shall retain any Brokers’ Fees received for Closings that occurred prior to the Termination Date.

 

(c)  This
Offering may be terminated upon mutual agreement of the Company and the Placement Agent at any time prior to the expiration of
the Offering Period.

 

(d)  Before
any termination by the Placement Agent under Section 10(a) or by the Company under Section 10(b) shall become effective, the terminating
party shall give five (5) days prior written notice to the other party of its intention to terminate the Offering (the “Termination
Notice”). The Termination Notice shall specify the grounds for the proposed termination. If the specified grounds for termination,
or their resulting adverse effect on the transactions contemplated hereby, are curable, then the other party shall have three (3)
days from the Termination Notice within which to remove such grounds or to eliminate all of their material adverse effects on the
transactions contemplated hereby; otherwise, the Offering shall terminate.

 

    	20

    	 

    

 

(e)  Upon
any termination pursuant to this Section 10, the Placement Agent and the Company will instruct the Escrow Agent to cause all monies
received with respect to the subscriptions for the Units not accepted by the Company to be promptly returned to such subscribers
without interest, penalty or deduction.

 

11.         Survival.

 

(a)  The
obligations of the parties to pay any costs and expenses hereunder and to provide indemnification and contribution as provided
herein shall survive any termination hereunder. In addition, the provisions of Sections 3, 8 through 17 shall survive the sale
of the Units or any termination of the Offering hereunder.

 

(b)  The
respective indemnities, covenants, representations, warranties and other statements of the Company and the Placement Agent set
forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation made by or on
behalf of, and regardless of any access to information by the Company or the Placement Agent, or any of their officers or directors
or any controlling person thereof, and will survive the sale of the Units or any termination of the Offering hereunder.

 

12.         Notices.

 

All communications
hereunder will be in writing and, except as otherwise expressly provided herein or after notice by one party to the other of a
change of address, if sent to the Placement Agent, will be mailed, postage prepaid, certified mail, return receipt request or sent
by overnight courier or delivered by hand and signed by addressee to Gottbetter Capital Markets, LLC 488 Madison Avenue, 12th Floor,
New York, New York 10022, Attention: Mr. Julio A. Marquez, President, telefax number (212) 400-6999, with a copy to: Law Offices
of Barbara J. Glenns, Esq. 30 Waterside Plaza, Suite 25G, New York, New York 10010, Attn: Barbara J. Glenns, Esq., telefax number
(212) 689-6578, if sent to Ekso Bionics, Inc. will be mailed, postage prepaid, certified mail, return receipt request or sent by
overnight courier or delivered by hand and signed by addressee to PN Med Group Inc. to be renamed Ekso Bionics Holdings, Inc. Pedro
Perez Niklitschek, San Isidro 250, depot 618, Santiago, Chile 8240400, President, CEO, telefax number 775-981-9001 with
a copy to: Gottbetter & Partners, LLP 488 Madison Avenue, 12th Floor, New York, NY 10022 telefax: 212-400-6901 Attn: Barrett
DiPaolo, Esq.. Notices sent by certified mail shall be deemed received five days thereafter, notices sent by hand delivery or overnight
delivery shall be deemed received on the date of the relevant written record of receipt.

 

13.         Governing
Law, Jurisdiction.

 

This Agreement shall
be deemed to have been made and delivered in New York City and shall be governed as to validity, interpretation, construction,
effect and in all other respects by the internal laws of the State of New York without regard to principles of conflicts of law
thereof.

 

    	21

    	 

    

 

THE
PARTIES HERETO AGREE TO SUBMIT ALL CONTROVERSIES TO the exclusive jurisdiction of EITHER THE AAA OR OTHER MUTUALLY ACCEPTABLE ARBITRATION
FORUM IN ACCORDANCE WITH THE PROVISIONS SET FORTH BELOW AND UNDERSTAND THAT (A) ARBITRATION IS FINAL AND BINDING ON THE PARTIES,
(B) THE PARTIES ARE WAIVING THEIR RIGHTS TO SEEK REMEDIES IN COURT, INCLUDING THE RIGHT TO A JURY TRIAL, (C) PRE-ARBITRATION DISCOVERY
IS GENERALLY MORE LIMITED AND DIFFERENT FROM COURT PROCEEDINGS, (D) THE ARBITRATOR’S AWARD IS NOT REQUIRED TO INCLUDE FACTUAL
FINDINGS OR LEGAL REASONING AND ANY PARTY’S RIGHT TO APPEAL OR TO SEEK MODIFICATION OF RULES BY ARBITRATORS IS STRICTLY LIMITED,
AND (E) ALL CONTROVERSIES WHICH MAY ARISE BETWEEN THE PARTIES CONCERNING THIS AGREEMENT SHALL BE DETERMINED BY ARBITRATION PURSUANT
TO THE RULES THEN PERTAINING TO THE AAA OR OTHER MUTUALLY ACCEPTABLE ARBITRATION FORUM. ALL QUESTIONS CONCERNING THE CONSTRUCTION,
VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEw york. JUDGMENT ON ANY AWARD OF ANY SUCH ARBITRATION MAY BE ENTERED IN THE SUPREME COURT OF THE STATE OF
NEW YORK OR IN ANY OTHER COURT HAVING JURISDICTION OVER THE PERSON OR PERSONS AGAINST WHOM SUCH AWARD IS RENDERED. THE PARTIES
AGREE THAT THE DETERMINATION OF THE ARBITRATORS SHALL BE BINDING AND CONCLUSIVE UPON THEM. THE PREVAILING PARTY, AS DETERMINED
BY SUCH ARBITRATORS, IN A LEGAL PROCEEDING SHALL BE ENTITLED TO COLLECT ANY COSTS, DISBURSEMENTS AND REASONABLE ATTORNEY’S
FEES FROM THE OTHER PARTY.  PRIOR TO FILING AN ARBITRATION, THE PARTIES HEREBY AGREE THAT THEY WILL ATTEMPT TO RESOLVE
THEIR DIFFERENCES FIRST BY SUBMITTING THE MATTER FOR RESOLUTION TO A MEDIATOR, ACCEPTABLE TO ALL PARTIES, AND WHOSE EXPENSES WILL
BE BORNE EQUALLY BY ALL PARTIES. THE MEDIATION WILL BE HELD IN THE COUNTY OF NEW YORK, STATE OF NEW YORK, ON AN EXPEDITED BASIS.
IF THE PARTIES CANNOT SUCCESSFULLY RESOLVE THEIR DIFFERENCES THROUGH MEDIATION, THE MATTER WILL BE RESOLVED BY ARBITRATION. THE
ARBITRATION SHALL TAKE PLACE IN THE COUNTY OF NEW YORK, THE STATE OF NEW YORK, ON AN EXPEDITED BASIS. 

 

14.         Miscellaneous.

 

A.          No
provision of this Agreement may be changed or terminated except by a writing signed by the party or parties to be charged therewith.
Unless expressly so provided, no party to this Agreement will be liable for the performance of any other party’s obligations
hereunder. Either party hereto may waive compliance by the other with any of the terms, provisions and conditions set forth herein;
provided, however, that any such waiver shall be in writing specifically setting forth those provisions waived thereby.
No such waiver shall be deemed to constitute or imply waiver of any other term, provision or condition of this Agreement. Neither
party may assign its rights or obligations under this Agreement to any other person or entity without the prior written consent
of the other party. Notwithstanding the foregoing, the parties specifically acknowledge and agree that any Sub-Agent may rely upon
and shall be a beneficiary of the Representations, Warranties and Covenants of the Company set forth in Section 2A hereof.

 

    	22

    	 

    

 

B.          Each
party shall, without payment of any additional consideration by any other party, at any time on or after the date of any Closings,
take such further action and execute such other and further documents and instruments as the other party may reasonably request
in order to provide the other party with the benefits of this Agreement.

 

C.          The
Parties to this Agreement each hereby confirm that they will cooperate with each other to the extent that it may become necessary
to enter into any revisions or amendments to this Agreement, in the future to conform to any federal or state regulations as long
as such revisions or amendments do not materially alter the obligations or benefits of either party under this Agreement.

 

15.         Entire
Agreement; Severability.

 

This Agreement together
with any other agreement referred to herein supersedes all prior understandings and written or oral agreements between the parties
with respect to the Offering and the subject matter hereof. If any portion of this Agreement shall be held invalid or unenforceable,
then so far as is reasonable and possible (i) the remainder of this Agreement shall be considered valid and enforceable and (ii)
effect shall be given to the intent manifested by the portion held invalid or unenforceable.

 

16.         Counterparts.

 

This Agreement may
be executed in multiple counterparts, each of which may be executed by less than all of the parties and shall be deemed to be an
original instrument which shall be enforceable against the parties actually executing such counterparts and all of which together
shall constitute one and the same instrument. The exchange of copies of this Agreement and of signature pages by facsimile transmission
or in pdf format shall constitute effective execution and delivery of this Agreement as to the parties and may be used in lieu
of the original Agreement for all purposes. Signatures of the parties transmitted by facsimile or in pdf format shall be deemed
to be their original signatures for all purposes.

 

17.         Confidentiality.

 

(a)          The
Placement Agent will maintain the confidentiality of the Information and, unless and until such information shall have been made
publicly available by the Company or by others without breach of a confidentiality agreement, shall disclose the Information only
as authorized by the Company or as required by law or by order of a governmental authority or court of competent jurisdiction.
In the event the Placement Agent is legally required to make disclosure of any of the Information, the Placement Agent will give
prompt notice to the Company prior to such disclosure, to the extent the Placement Agent can practically do so.

 

(b)          The
foregoing paragraph shall not apply to information that:

 

    	23

    	 

    

 

(i)          at
the time of disclosure by the Company, is or thereafter becomes, generally available to the public or within the industries in
which the Company conducts business, other than as a result of a breach by the Placement Agent of its obligations under this Agreement;

 

(ii)         prior
to or at the time of disclosure by the Company, was already in the possession of, the Placement Agent or any of its affiliates,
or could have been developed by them from information then lawfully in their possession, by the application of other information
or techniques in their possession, generally available to the public; at the time of disclosure by the Company thereafter, is obtained
by the Placement Agent or any of its affiliates from a third party who the Placement Agent reasonably believes to be in possession
of the information not in violation of any contractual, legal or fiduciary obligation to the Company with respect to that information;
or is independently developed by the Placement Agent or its affiliates.

 

The exclusions set
forth in sub-section (b) above shall not apply to pro forma financial information and/or financial projections of the Company,
which pro forma financial information and/or projections shall in all events be subject to sub-section (a) above.

 

(c)          Nothing
in this Agreement shall be construed to limit the ability of the Placement Agent or its affiliates to pursue, investigate, analyze,
invest in, or engage in investment banking, financial advisory or any other business relationship with entities other than the
Company, notwithstanding that such entities may be engaged in a business which is similar to or competitive with the business of
the Company, and notwithstanding that such entities may have actual or potential operations, products, services, plans, ideas,
customers or supplies similar or identical to the Company’s, or may have been identified by the Company as potential merger
or acquisition targets or potential candidates for some other business combination, cooperation or relationship. The Company expressly
acknowledges and agrees that they do not claim any proprietary interest in the identity of any other entity in its industry or
otherwise, and that the identity of any such entity is not confidential information.

 

[Signatures on following page]

 

    	24

    	 

    

 

If the foregoing is
in accordance with your understanding of the agreement between the Company and the Placement Agent, kindly sign and return this
Agreement, whereupon it will become a binding agreement as provided herein, between the Company and the Placement Agent in accordance
with its terms.

 

	 	
        PN MED GROUP INC. (to be renamed EKSO

        BIONICS HOLDINGS, INC.)

	 	 	 
	 	By:	/s/ Pedro Perez Niklitschek
	 	 	Name:  Pedro Perez Niklitschek
	 	 	President & CEO
	 	 	San Isidro 250, depot 618
	 	 	Santiago, Chile  8240400
	 	 	Tel:  569-659-22350

 

Accepted and agreed to this

    day of December
5, 2013:

 

	GOTTBETTER CAPITAL MARKETS, LLC	 
	 	 	 
	By:	/s/ Julio A. Marquez	 
	 	Julio A. Marquez	 
	 	PresidentExhibit 10.12

 

EKSO BIONICS HOLDINGS, INC.

 

2014 EQUITY INCENTIVE PLAN

 

1.           Purposes
of the Plan. The purposes of this Plan are:

 

		·	to attract and retain the best available personnel for positions of substantial responsibility,

 

		·	to provide incentives to individuals who perform services for the Company, and

 

		·	to promote the success of the Company’s business.

 

The Plan permits the
grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units,
Performance Units, Performance Shares and other stock or cash awards as the Administrator may determine.

 

2.           Definitions.
As used herein, the following definitions will apply:

 

(a)         “Administrator”
means the Board or any of its Committees as will be administering the Plan, in accordance with Section 4 hereof.

 

(b)         “Affiliate”
means any corporation or any other entity (including, but not limited to, partnerships and joint ventures) controlling, controlled
by, or under common control with the Company.

 

(c)         “Applicable
Laws” means the requirements relating to the administration of equity-based awards under U.S. federal and state corporate
laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed
or quoted and the applicable laws of any foreign country or jurisdiction where Awards are, or will be, granted under the Plans.

 

(d)         “Award”
means, individually or collectively, a grant under the Plan of Options, Stock Appreciation Rights, Restricted Stock, Restricted
Stock Units, Performance Units, Performance Shares and other stock or cash awards as the Administrator may determine.

 

(e)         “Award
Agreement” means the written agreement setting forth the terms and provisions applicable to each Award granted under
the Plan. The Award Agreement is subject to the terms and conditions of the Plan.

 

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

 

(g)         “Change
in Control” means the occurrence of any of the following events after the Effective Date:

 

    	 

    	 

    

  

		(i)	 	A change in the ownership of the Company which
occurs on the date that any one person, or more than one person acting as a group (“Person”), acquires ownership
of stock in the Company that, together with the stock already held by such Person, constitutes more than 50% of the total voting
power of the stock of the Company; provided, however, that for purposes of this subsection (i), the acquisition of additional
stock by any Person who is considered to own more than 50% of the total voting power of the stock of the Company before the acquisition
will not be considered a Change in Control; or

 

		(ii)	 	The individuals who constitute the members of the Board
cease, by reason of a financing, merger, combination, acquisition, takeover or other non-ordinary course transaction affecting
the Company, to constitute at least fifty-one percent (51%) of the members of the Board; or

 

		(iii)	 	The consummation of any of the following events: (A)
a change in the ownership of a substantial portion of the Company’s assets, which occurs on the date that any Person acquires
(or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such Person) assets
from the Company that have a total gross fair market value equal to or more than 50% of the total gross fair market value of all
of the assets of the Company immediately prior to such acquisition or acquisitions, or (B) a merger, consolidation or reorganization
involving the Company, where either or both of the events described in clauses (i) or (ii) above would be the result. For purposes
of this subsection (iii), the following will not constitute a change in the ownership of a substantial portion of the Company’s
assets or a Change in Control: (A) a transfer to an entity that is controlled by the Company’s stockholders immediately
after the transfer, or (B) a transfer of assets by the Company to: (1) a stockholder of the Company (immediately before the asset
transfer) in exchange for or with respect to the Company’s stock, (2) an entity, 50% or more of the total value or voting
power of which is owned, directly or indirectly, by the Company, (3) a Person that owns, directly or indirectly, 50% or more of
the total value or voting power of all the outstanding stock of the Company, or (4) an entity, at least 50% of the total equity
or voting power of which is owned, directly or indirectly, by a Person described in subsection (iii)(B)(3) above. For purposes
of this subsection (iii), gross fair market value means the value of the assets of the Company, or the value of the assets being
disposed of, determined without regard to any liabilities associated with such assets.

 

For purposes of this
Section 2(g), persons will be considered to be acting as a group if they are owners of a corporation or other entity that enters
into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company.

 

(h)          “Code”
means the Internal Revenue Code of 1986, as amended. Any reference to a section of the Code herein will be a reference to any successor
or amended section of the Code.

 

    	-2-

    	 

    

 

(i)          “Committee”
means a committee of Directors or of other individuals satisfying Applicable Laws appointed by the Board in accordance with Section 4
hereof.

 

(j)          “Common
Stock” means the common stock, par value $0.001 per share, of the Company.

 

(k)         “Company”
means Ekso Bionics Holdings, Inc., a Delaware corporation, or any successor thereto.

 

(l)         “Consultant”
means any person, including an advisor, other than an Employee engaged by the Company or a Parent, Subsidiary or Affiliate to render
services to such entity.

 

(m)       “Determination
Date” means the latest possible date that will not jeopardize the qualification of an Award granted under the Plan as
“performance-based compensation” under Section 162(m) of the Code.

 

(n)        “Director”
means a member of the Board.

 

(o)        “Disability”
means permanent and total disability as defined in Section 22(e)(3) of the Code, provided that in the case of Awards other
than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists
in accordance with uniform and non-discriminatory standards adopted by the Administrator from time to time.

 

(p)        “Effective
Date” shall have the meaning set forth in Section 18 hereof.

 

(q)        “Employee”
means any person, including Officers and Directors, other than a Consultant employed by the Company or any Parent, Subsidiary or
Affiliate of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient
to constitute “employment” by the Company.

 

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

 

(s)        “Exchange
Program” means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards of the
same type (which may have lower exercise prices and different terms), Awards of a different type, and/or cash, and/or (ii) the
exercise price of an outstanding Award is reduced. The Administrator will determine the terms and conditions of any Exchange Program
in its sole discretion.

 

(t)         “Fair
Market Value” means, as of any date, the value of the Common Stock as the Administrator may determine in good faith,
by reference to the closing price of such stock on any established stock exchange or on a national market system on the day of
determination, if the Common Stock is so listed on any established stock exchange or on a national market system. If the Common
Stock is not listed on any established stock exchange or on a national market system, the value of the Common Stock will be determined
as the Administrator may determine in good faith using (i) a valuation methodology set forth in Treasury Regulation 1.409A-1(b)(5)(iv)(B)
or (ii) with respect to valuations applicable to Awards that are not subject to Code Section 409A, such other valuation methods
as the Administrator may select.

 

    	-3-

    	 

    

 

(u)        “Fiscal
Year” means the fiscal year of the Company.

 

(v)         “Incentive
Stock Option” means an Option that by its terms qualifies and is otherwise intended to qualify as an incentive stock
option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

 

(w)       “Nonstatutory
Stock Option” means an Option that by its terms does not qualify or expressly provides that it is not intended to qualify
as an Incentive Stock Option.

 

(x)         “Officer”
means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations
promulgated thereunder.

 

(y)        “Option”
means a stock option granted pursuant to Section 6 hereof.

 

(z)         “Parent”
means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

 

(aa)      “Participant”
means the holder of an outstanding Award.

 

(bb)      “Performance
Goals” will have the meaning set forth in Section 11 hereof.

 

(cc)       “Performance
Period” means any Fiscal Year of the Company or such other period as determined by the Administrator in its sole discretion.

 

(dd)      “Performance
Share” means an Award denominated in Shares which may be earned in whole or in part upon attainment of Performance Goals
or other vesting criteria as the Administrator may determine pursuant to Section 10 hereof.

 

(ee)       “Performance
Unit” means an Award which may be earned in whole or in part upon attainment of Performance Goals or other vesting criteria
as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing
pursuant to Section 10 hereof.

 

(ff)        “Period
of Restriction” means the period during which transfers of Shares of Restricted Stock are subject to restrictions and,
therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the
achievement of target levels of performance, or the occurrence of other events specified in the applicable Award, as interpreted
and construed by the Administrator.

 

(gg)      “Plan”
means this 2014 Equity Incentive Plan.

 

(hh)      “Restricted
Stock” means Shares issued pursuant to an Award of Restricted Stock under Section 8 hereof, or issued pursuant to
the early exercise of an Option.

 

(ii)         “Restricted
Stock Unit” means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant
to Section 9 hereof. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.

 

    	-4-

    	 

    

 

(jj)         “Rule
16b-3” means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised
with respect to the Plan.

 

(kk)       “Section 16(b)”
means Section 16(b) of the Exchange Act.

 

(ll)         “Service
Provider” means an Employee, Director, or Consultant.

 

(mm)     “Share”
means a share of the Common Stock, as adjusted in accordance with Section 14 hereof.

 

(nn)      “Stock
Appreciation Right” means an Award, granted alone or in connection with an Option, that pursuant to Section 7 is
designated as a Stock Appreciation Right.

 

(oo)      “Subsidiary”
means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of the Code.

 

3.           Stock Subject to the Plan.

 

(a)         Subject
to the provisions of Section 14 hereof, the maximum aggregate number of Shares that may be awarded and sold under the Plan
is Fourteen Million Four Hundred Ten (14,410,000) Shares. The Shares may be authorized, but unissued, or reacquired Common Stock.

 

(b)        Lapsed
Awards. If an Award expires or becomes unexercisable without having been exercised in full, or, with respect to Restricted
Stock, Restricted Stock Units, Performance Shares or Performance Units, is forfeited to or repurchased by the Company, the unpurchased
Shares (or for Awards other than Options and Stock Appreciation Rights, the forfeited or repurchased Shares) which were subject
thereto will become available for future grant or sale under the Plan (unless the Plan has terminated). Upon exercise of a Stock
Appreciation Right settled in Shares, the gross number of Shares covered by the portion of the Award so settled will cease to be
available under the Plan. Shares that have actually been issued under the Plan under any Award will not be returned to the Plan
and will not become available for future distribution under the Plan; provided, however, that if unvested Shares of Restricted
Stock, Restricted Stock Units, Performance Shares or Performance Units are repurchased by the Company or are forfeited to the Company,
such Shares will become available for future grant under the Plan. Shares subject to an Award that are transferred to or retained
by the Company to pay the tax and/or exercise price of an Award will become available for future grant or sale under the Plan.
To the extent an Award under the Plan is paid out in cash rather than Shares, such cash payment will not result in reducing the
number of Shares available for issuance under the Plan and, for the elimination of doubt, the number of Shares of equal value to
such cash payment shall become available for future grant or sale under the Plan. Notwithstanding the foregoing provisions of this
Section 3(b), subject to adjustment provided in Section 14 hereof, the maximum number of Shares that may be issued upon the
exercise of Incentive Stock Options will equal the aggregate Share number stated in Section 3(a) above, plus, to the extent
allowable under Section 422 of the Code, any Shares that become available for issuance under the Plan under this Section 3(b).

 

    	-5-

    	 

    

 

(c)          Share
Reserve. The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as will
be sufficient to satisfy the requirements of the Plan.

 

4.           Administration
of the Plan.

 

(a)          Procedure.

 

		(i)	 	Multiple Administrative Bodies. Different Committees
may be established with respect to different groups of Service Providers; in that event, the Committee established with respect
to a group of Service Providers shall administer the Plan with respect to Awards granted to members of such group.

 

		(ii)	 	Section 162(m). To the extent that the Administrator
determines it to be desirable to qualify Awards granted hereunder as “performance-based compensation” within the meaning
of Section 162(m) of the Code, and if the Company is then a “publicly held corporation” as defined therein, the
Plan will be administered by a Committee of two (2) or more “outside directors” within the meaning of Section 162(m)
of the Code.

 

		(iii)	 	Rule 16b-3. To the extent desirable to qualify
transactions hereunder as exempt under Rule 16b-3, the transactions contemplated hereunder will be structured to satisfy the requirements
for exemption under Rule 16b-3.

 

		(iv)	 	Other Administration. Other than as provided above,
the Plan will be administered by (A) the Board or (B) a Committee, which committee will be constituted to satisfy Applicable
Laws.

 

(b)          Powers
of the Administrator. Subject to the provisions of the Plan, and in the case of a Committee, subject to the specific duties
delegated by the Board to such Committee, the Administrator will have the authority, in its discretion:

 

		(i)	 	to determine Fair Market Value;

 

		(ii)	 	to select the Service Providers to whom Awards may be
granted hereunder;

 

		(iii)	 	to determine the terms and condition, not inconsistent
with the terms of the Plan, of any Award granted hereunder;

 

		(iv)	 	to institute an Exchange Program and to determine the
terms and conditions, not inconsistent with the terms of the Plan, for (1) the surrender or cancellation of outstanding Awards
in exchange for Awards of the same type, Awards of a different type, and/or cash, or (2) the reduction of the exercise price of
outstanding Awards;

 

		(v)	 	to construe and interpret the terms of the Plan and Awards
granted pursuant to the Plan;

 

    	-6-

    	 

    

 

		(vi)	 	to prescribe, amend and rescind rules and regulations
relating to the Plan, including rules and regulations relating to sub-plans established for the purpose of satisfying applicable
foreign laws;

 

		(vii)	 	to modify or amend each Award (subject to Section 19(c)
hereof);

 

		(viii)	 	to authorize any person to execute on behalf of the Company
any instrument required to reflect or implement the grant of an Award previously granted by the Administrator;

 

		(ix)	 	to allow a Participant to defer the receipt of the payment
of cash or the delivery of Shares that would otherwise be due to such Participant under an Award pursuant to such procedures as
the Administrator may determine consistent with the requirements for compliance with or exemption from the provisions of Code
Section 409A; and

 

		(x)	 	to make all other determinations deemed necessary or
advisable for administering the Plan.

 

(c)          Effect
of Administrator’s Decision. The Administrator’s decisions, determinations, and interpretations will be final
and binding on all Participants and any other holders of Awards.

 

5.           Eligibility.

 

(a)          General
Rule. Nonstatutory Stock Options, Restricted Stock, Restricted Stock Units, Stock Appreciation Rights, Performance Units, Performance
Shares, and such other cash or stock awards as the Administrator determines may be granted to Service Providers. Incentive Stock
Options may be granted only to Employees.

 

(b)          Special
Rule Regarding 2014 Merger. As soon as practicable after the later of the Effective Date or the effective time of that certain
Agreement and Plan of Merger and Reorganization , dated as of January 15, 2014 to which the Company is a party, the Company shall
take or cause to be taken appropriate actions (i) to collect the options (and the agreements evidencing such options) issued under
the Berkeley Exotech, Inc. 2007 Equity Incentive Plan, as amended from time to time, and outstanding immediately prior to the effective
time of such merger agreement, and (ii) provided such options are canceled (or deemed to be canceled) pursuant to the terms of
such merger agreement and equity incentive plan, the Administrator shall issue or cause to be issued to the holder of each such
canceled option, an Award on such terms as the Administrator terms necessary, consistent with the terms of the Plan, to comply
with the provisions of Section 1.8 of such merger agreement.

 

6.           Stock
Options.

 

(a)          Limitations.

 

    	-7-

    	 

    

 

		(i)	 	Each Option will be designated in the Award Agreement
as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that
the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time
by the Participant during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000 (U.S.),
such Options will be treated as Nonstatutory Stock Options. For purposes of this Section 6(a), Incentive Stock Options will
be taken into account in the order in which they were granted. The Fair Market Value of the Shares will be determined as of the
time the Option with respect to such Shares is granted.

 

		(ii)	 	Subject to the limits set forth in Section 3, the Administrator
will have complete discretion to determine the number of Shares subject to an Option granted to any Participant.

 

(b)          Term
of Option. The Administrator will determine the term of each Option in its sole discretion; provided, however, that the term
will be no more than ten (10) years from the date of grant thereof in the case of Incentive Stock Options Moreover, in the case
of an Incentive Stock Option granted to a Participant who, at the time the Incentive Stock Option is granted, owns stock representing
more than 10% of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of
the Incentive Stock Option will be five (5) years from the date of grant or such shorter term as may be provided in the Award Agreement.

 

(c)          Option
Exercise Price and Consideration.

 

		(i)	 	Exercise Price. The per share exercise price for
the Shares to be issued pursuant to exercise of an Option will be determined by the Administrator, but will be no less than 100%
of the Fair Market Value per Share on the date of grant. In addition, in the case of an Incentive Stock Option granted to an Employee
who, at the time the Incentive Stock Option is granted, owns stock representing more than 10% of the voting power of all classes
of stock of the Company or any Parent or Subsidiary, the per Share exercise price will be no less than 110% of the Fair Market
Value per Share on the date of grant. Notwithstanding the foregoing provisions of this Section 6(c), Options may be granted with
a per Share exercise price of less than 100% of the Fair Market Value per Share on the date of grant pursuant to the issuance
or assumption of an Option in a transaction to which Section 424(a) of the Code applies in a manner consistent with said Section 424(a).

 

		(ii)	 	Waiting Period and Exercise Dates. At the time
an Option is granted, the Administrator will fix the period within which the Option may be exercised and will determine any conditions
that must be satisfied before the Option may be exercised.

 

		(iii)	 	Form of Consideration. The Administrator will
determine the acceptable form(s) of consideration for exercising an Option, including the method of payment, to the extent permitted
by Applicable Laws.

 

    	-8-

    	 

    

 

(d)          Exercise
of Option.

 

		(i)	 	Procedure for Exercise; Rights as a Stockholder.
Any Option granted hereunder will be exercisable according to the terms of the Plan and at such times and under such conditions
as determined by the Administrator and set forth in the Award Agreement. An Option may not be exercised for a fraction of a Share.

 

An Option
will be deemed exercised when the Company receives: (i) notice of exercise (in such form as the Administrator specifies from
time to time) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which
the Option is exercised (together with any applicable withholding taxes). No adjustment will be made for a dividend or other right
for which the record date is prior to the date the Shares are issued, except as provided in Section 14 hereof.

 

		(ii)	 	Termination of Relationship as a Service Provider.
If a Participant ceases to be a Service Provider, other than upon the Participant’s termination as the result of the Participant’s
death or Disability, the Participant may exercise his or her Option within such period of time as is specified in the Award Agreement
to the extent that the Option is vested on the date of termination (but in no event later than the expiration of the term of such
Option as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, the Option will remain
exercisable for three (3) months following the Participant’s termination. Unless otherwise provided by the Administrator,
if on the date of termination the Participant is not vested as to his or her entire Option, the Shares covered by the unvested
portion of the Option will revert to the Plan. If after termination the Participant does not exercise his or her Option within
the time specified by Award Agreement or by operation of this Section 6(d)(3), the Option will terminate, and the Shares covered
by such Option will revert to the Plan.

 

		(iii)	 	Disability of Participant. If a Participant ceases
to be a Service Provider as a result of the Participant’s Disability, the Participant may exercise his or her Option within
such period of time as is specified in the Award Agreement to the extent the Option is vested on the date of cessation (but in
no event later than the expiration of the term of such Option as set forth in the Award Agreement). In the absence of a specified
time in the Award Agreement, the Option will remain exercisable for six (6) months following the date the Participant ceases to
be a Service Provider. Unless otherwise provided by the Administrator, if on the date of cessation the Participant is not vested
as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If after cessation
the Participant does not exercise his or her Option within the time specified herein, the Option will terminate, and the Shares
covered by such Option will revert to the Plan.

 

    	-9-

    	 

    

 

		(iv)	 	Death of Participant. If a Participant dies while
a Service Provider, the Option may be exercised within such period of time as is specified in the Award Agreement to the extent
that the Option is vested on the date of death (but in no event may the option be exercised later than the expiration of the term
of such Option as set forth in the Award Agreement), by the Participant’s beneficiary, provided such beneficiary has been
designated prior to Participant’s death in a form acceptable to the Administrator. If no such beneficiary has been designated
by the Participant, then such Option may be exercised by the personal representative of the Participant’s estate or by the
person(s) to whom the Option is transferred pursuant to the Participant’s will or in accordance with the laws of descent
and distribution. In the absence of a specified time in the Award Agreement, the Option will remain exercisable for six (6) months
following Participant’s death. Unless otherwise provided by the Administrator, if at the time of death Participant is not
vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will continue to vest in accordance
with the Award Agreement. If the Option is not so exercised within the time specified herein, the Option will terminate, and the
Shares covered by such Option will revert to the Plan.

 

7.           Stock
Appreciation Rights.

 

(a)          Grant
of Stock Appreciation Rights. Subject to the terms and conditions of the Plan, a Stock Appreciation Right may be granted to
Service Providers at any time and from time to time as will be determined by the Administrator, in its sole discretion.

 

(b)          Number
of Shares. The Administrator will have complete discretion to determine the number of Stock Appreciation Rights granted to
any Participant.

 

(c)          Exercise
Price and Other Terms. The Administrator, subject to the provisions of the Plan, will have complete discretion to determine
the terms and conditions of Stock Appreciation Rights granted under the Plan; provided, however, that the exercise price will be
not less than 100% of the Fair Market Value of a Share on the date of grant.

 

(d)          Stock
Appreciation Rights Agreement. Each Stock Appreciation Right grant will be evidenced by an Award Agreement that will specify
the exercise price, the number of Shares with respect to which the Award is granted, the term of the Stock Appreciation Right,
the conditions of exercise, and such other terms and conditions as the Administrator, in its sole discretion, will determine.

 

(e)          Expiration
of Stock Appreciation Rights. A Stock Appreciation Right granted under the Plan will expire upon the date determined by the
Administrator, in its sole discretion, and set forth in the Award Agreement; provided, however, that the term will be no more than
ten (10) years from the date of grant thereof. Notwithstanding the foregoing, the rules of Section 6(d) above also will apply
to Stock Appreciation Rights.

 

    	-10-

    	 

    

 

(f)          Payment
of Stock Appreciation Right Amount. Upon exercise of a Stock Appreciation Right, a Participant will be entitled to receive
payment from the Company in an amount determined by multiplying:

 

		(i)	 	The difference between the Fair Market Value of a Share
on the date of exercise over the “stock appreciation right exercise price,” as defined under Treasury Regulation Section
1.409A-1(b)(i)(B)(2), i.e,, the Fair Market Value of a Share on the date of grant of the Stock Appreciation Right; times

 

		(ii)	 	The number of Shares with respect to which the Stock
Appreciation Right is exercised.

 

At the discretion of
the Administrator, the payment upon Stock Appreciation Right exercise may be in cash, in Shares of equivalent value, or in some
combination thereof.

 

8.           Restricted
Stock.

 

(a)        Grant
of Restricted Stock. Subject to the terms and provisions of the Plan, the Administrator, at any time and from time to time,
may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine.

 

(b)        Restricted
Stock Agreement. Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify the Period of Restriction,
the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine.

 

(c)        Transferability.
Except as provided in this Section 8, Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise
alienated or hypothecated until such Shares become non-forfeitable at the end of the applicable Period of Restriction.

 

(d)        Other
Restrictions. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as
it may deem advisable or appropriate.

 

(e)        Removal
of Restrictions. Except as otherwise provided in this Section 8, Shares of Restricted Stock covered by each Restricted Stock
grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction.
The Administrator, in its discretion, may accelerate the time at which any restrictions will lapse or be removed.

 

(f)         Voting
Rights. During the Period of Restriction, Service Providers holding Shares of Restricted Stock granted hereunder may exercise
full voting rights with respect to those Shares, unless the Administrator determines otherwise in a manner not prohibited by the
Award Agreement.

 

(g)        Dividends
and Other Distributions. During the Period of Restriction, Service Providers holding Shares of Restricted Stock will be entitled
to receive all dividends and other distributions paid with respect to such Shares unless otherwise provided in the Award Agreement.
If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability
and provisions for forfeiture as the Shares of Restricted Stock with respect to which they were paid.

 

    	-11-

    	 

    

 

(h)         Return
of Restricted Stock to Company. On the date set forth in the Award Agreement, the Restricted Stock for which restrictions have
not lapsed will revert to the Company and again will become available for grant under the Plan.

 

(i)          Section
162(m) Performance Restrictions. For purposes of qualifying grants of Restricted Stock as “performance-based compensation”
under Section 162(m) of the Code, the Administrator, in its discretion, may condition the lapse of restrictions based upon
the achievement of Performance Goals. The Performance Goals will be set by the Administrator on or before the Determination Date.
In granting Restricted Stock which is intended to qualify under Section 162(m) of the Code, the Administrator will follow
any procedures determined by it from time to time to be necessary or appropriate to ensure qualification of the Award under Section 162(m)
of the Code (e.g., in determining the Performance Goals).

 

9.           Restricted
Stock Units.

 

(a)         Grant.
Restricted Stock Units may be granted at any time and from time to time as determined by the Administrator. Each Restricted Stock
Unit grant will be evidenced by an Award Agreement that will specify such other terms and conditions as the Administrator, in its
sole discretion, will determine in accordance with the terms and conditions of the Plan, including all terms, conditions, and restrictions
related to the grant, the number of Restricted Stock Units and the form of payout, which, subject to Section 9(d) hereof,
may be left to the discretion of the Administrator.

 

(b)         Vesting
Criteria and Other Terms. The Administrator will set vesting criteria in its discretion, which, depending on the extent
to which the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant.
After the grant of Restricted Stock Units, the Administrator, in its sole discretion, may reduce or waive any restrictions
for such Restricted Stock Units. Each Award of Restricted Stock Units will be evidenced by an Award Agreement that will
specify the vesting criteria, and such other terms and conditions as the Administrator, in its sole discretion will
determine. The Administrator, in its discretion, may accelerate the time at which any restrictions will lapse or be removed,
subject to the prohibition on acceleration of the timing of distribution of deferred compensation subject to Section 409A of
the Code, to the extent applicable to the Award.

 

(c)         Earning
Restricted Stock Units. Upon meeting the applicable vesting criteria, the Participant will be entitled to receive a payout
as specified in the Award Agreement.

 

(d)         Form
and Timing of Payment. Payment of earned Restricted Stock Units will be made as soon as practicable after the date(s) set forth
in the Award Agreement, which shall satisfy the requirements of Section 409A of the Code, to the extent applicable to such Award.
The Administrator, in its sole discretion, may pay earned Restricted Stock Units in cash, Shares, or a combination thereof. Shares
represented by Restricted Stock Units that are fully paid in cash again will be available for grant under the Plan.

 

    	-12-

    	 

    

 

(e)         Cancellation.
On the date set forth in the Award Agreement, all unearned Restricted Stock Units will be forfeited to the Company.

 

(f)          Section
162(m) Performance Restrictions. For purposes of qualifying grants of Restricted Stock Units as “performance-based compensation”
under Section 162(m) of the Code, the Administrator, in its discretion, may set restrictions based upon the achievement of
Performance Goals. The Performance Goals will be set by the Administrator on or before the Determination Date. In granting Restricted
Stock Units which are intended to qualify under Section 162(m) of the Code, the Administrator will follow any procedures determined
by it from time to time to be necessary or appropriate to ensure qualification of the Award under Section 162(m) of the Code
(e.g., in determining the Performance Goals).

 

10.         Performance
Units and Performance Shares.

 

(a)         Grant
of Performance Units/Shares. Performance Units and Performance Shares may be granted to Service Providers at any time and from
time to time, as will be determined by the Administrator, in its sole discretion. The Administrator will have complete discretion
in determining the number of Performance Units/Shares granted to each Participant.

 

(b)        Value
of Performance Units/Shares. Each Performance Unit will have an initial value that is established by the Administrator on or
before the date of grant. Each Performance Share will have an initial value equal to the Fair Market Value of a Share on the date
of grant.

 

(c)         Performance
Objectives and Other Terms. The Administrator will set performance objectives or other vesting provisions. The Administrator
may set vesting criteria based upon the achievement of Company-wide, business unit, or individual goals (including, but not limited
to, continued employment), or any other basis determined by the Administrator in its discretion. Each Award of Performance Units/Shares
will be evidenced by an Award Agreement that will specify the Performance Period, and such other terms and conditions as the Administrator,
in its sole discretion, will determine.

 

(d)         Earning
of Performance Units/Shares. After the applicable Performance Period has ended, the holder of Performance Units/Shares will
be entitled to receive a payout of the number of Performance Units/Shares earned by the Participant over the Performance Period,
to be determined as a function of the extent to which the corresponding performance objectives or other vesting provisions have
been achieved. After the grant of a Performance Unit/Share, the Administrator, in its sole discretion, may reduce or waive any
performance objectives or other vesting provisions for such Performance Unit/Share.

 

(e)         Form
and Timing of Payment of Performance Units/Shares. Payment of earned Performance Units/Shares will be made as soon as practicable
after the expiration of the applicable Performance Period or, if earlier, after the date on which a Participant’s interest
in such Performance Units/Shares is no longer subject to a substantial risk of forfeiture, provided however, that in no event shall
such payment be made after the later to occur of (i) December 31 of the year in which such risk of forfeiture lapses or (ii) two
and one-half months after such risk of forfeiture lapses. The Administrator, in its sole discretion, may pay earned Performance
Units/Shares in the form of cash, in Shares (which have an aggregate Fair Market Value equal to the value of the earned Performance
Units/Shares at the close of the applicable Performance Period) or in a combination thereof.

 

    	-13-

    	 

    

 

(f)          Cancellation
of Performance Units/Shares. On the date set forth in the Award Agreement, all unearned or unvested Performance Units/Shares
will be forfeited to the Company, and again will be available for grant under the Plan.

 

(g)         Section
162(m) Performance Restrictions. For purposes of qualifying grants of Performance Units/Shares as “performance-based
compensation” under Section 162(m) of the Code, the Administrator, in its discretion, may set restrictions based upon
the achievement of Performance Goals. The Performance Goals will be set by the Administrator on or before the Determination Date.
In granting Performance Units/Shares which are intended to qualify under Section 162(m) of the Code, the Administrator will
follow any procedures determined by it from time to time to be necessary or appropriate to ensure qualification of the Award under
Section 162(m) of the Code (e.g., in determining the Performance Goals).

 

11.         Performance-Based
Compensation Under Code Section 162(m).

 

(a)         General.
If the Administrator, in its discretion, decides to grant an Award intended to qualify as “performance-based compensation”
under Code Section 162(m), the provisions of this Section 11 will control over any contrary provision in the Plan; provided, however,
that the Administrator may in its discretion grant Awards that are not intended to qualify as “performance-based compensation”
under Section 162(m) of the Code to such Participants that are based on Performance Goals or other specific criteria or goals but
that do not satisfy the requirements of this Section 11.

 

(b)        Performance
Goals. The granting and/or vesting of Awards of Restricted Stock, Restricted Stock Units, Performance Shares and Performance
Units and other incentives under the Plan may be made subject to the attainment of performance goals relating to one or more business
criteria within the meaning of Code Section 162(m) and may provide for a targeted level or levels of achievement (“Performance
Goals”) including (i) earnings per Share, (ii) operating cash flow, (iii) operating income, (iv) profit
after-tax, (v) profit before-tax, (vi) return on assets, (vii) return on equity, (viii) return on sales, (ix) revenue,
and (x) total shareholder return. Any Performance Goals may be used to measure the performance of the Company as a whole or
a business unit of the Company and may be measured relative to a peer group or index. The Performance Goals may differ from Participant
to Participant and from Award to Award. Prior to the Determination Date, the Administrator will determine whether any significant
element(s) will be included in or excluded from the calculation of any Performance Goal with respect to any Participant.

 

    	-14-

    	 

    

 

(c)         Procedures.
To the extent necessary to comply with the performance-based compensation provisions of Code Section 162(m), with respect to any
Award granted subject to Performance Goals, within the first twenty-five percent (25%) of the Performance Period, but in no event
more than ninety (90) days following the commencement of any Performance Period (or such other time as may be required or permitted
by Code Section 162(m)), the Administrator will, in writing, (i) designate one or more Participants to whom an Award will be made,
(ii) select the Performance Goals applicable to the Performance Period, (iii) establish the amounts of such Awards, as applicable,
which may be earned for such Performance Period, and (iv) specify the relationship between Performance Goals and the amounts
of such Awards, as applicable, to be earned by each Participant for such Performance Period. Following the completion of each Performance
Period but in no event later than December 31 of the year in which such Performance Period ends or, if later, the date that is
two and one-half months after the end of such Performance Period, the Administrator will certify in writing whether the applicable
Performance Goals have been achieved for such Performance Period and pay any amount to which a Participant is entitled under an
Award with respect to such Performance Period. In determining the amounts earned by a Participant, the Administrator will have
the right to reduce or eliminate (but not to increase) the amount payable at a given level of performance to take into account
additional factors that the Administrator may deem relevant to the assessment of individual or corporate performance for the Performance
Period. A Participant will be eligible to receive payment pursuant to an Award for a Performance Period only if the Performance
Goals for such period are achieved.

 

(d)        Additional
Limitations. Notwithstanding any other provision of the Plan, any Award which is granted to a Participant and is intended to
constitute qualified performance based compensation under Code Section 162(m) will be subject to any additional limitations set
forth in the Code (including any amendment to Section 162(m)) or any regulations and ruling issued thereunder that are requirements
for qualification as qualified performance-based compensation as described in Section 162(m) of the Code, and the Plan will be
deemed amended to the extent necessary to conform to such requirements.

 

12.         Leaves
of Absence. Unless the Administrator provides otherwise, vesting of Awards granted hereunder will be suspended during any unpaid
leave of absence. A Service Provider will not cease to be an Employee in the case of (i) any leave of absence approved by
the Company, or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For
purposes of Incentive Stock Options, no such leave may exceed three (3) months, unless reemployment upon expiration of such leave
is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed,
then six (6) months and one day following the commencement of such leave any Incentive Stock Option held by the Participant will
cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option.

 

13.         Transferability
of Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred,
or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime
of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award may only be transferred
(i) by will, (ii) by the laws of descent and distribution, (iii) to a revocable trust, or (iv) as permitted by Rule 701 of the
Securities Act of 1933, as amended.

 

    	-15-

    	 

    

 

14.         Adjustments;
Dissolution or Liquidation; Merger or Change in Control; 2014 Merger.

 

(a)         Adjustments.
In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or other property),
recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase,
or exchange of Shares or other securities of the Company, or other change in the corporate structure of the Company affecting the
Shares occurs, the Administrator, in order to prevent diminution or enlargement of the benefits or potential benefits intended
to be made available under the Plan, will adjust the number and class of Shares that may be delivered under the Plan and/or the
number, class, and price of Shares covered by each outstanding Award, and the numerical Share limits set forth in Sections 3,
6, 7, 8, 9 and 10 hereof.

 

(b)         Dissolution
or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each
Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously
exercised, an Award will terminate immediately prior to the consummation of such proposed action.

 

(c)         Change
in Control. In the event of a merger or Change in Control, each outstanding Award will be treated as the Administrator determines,
including, without limitation, that each Award will be assumed or an equivalent option or right substituted by the successor corporation
or a Parent or Subsidiary of the successor corporation (the “Successor Corporation”). The Administrator will
not be required to treat all Awards similarly in the transaction.

 

In the event that the
Successor Corporation does not assume or substitute for the Award, the Participant will fully vest in and have the right to exercise
all of his or her outstanding Options and Stock Appreciation Rights, including Shares as to which such Awards would not otherwise
be vested or exercisable, all restrictions on Restricted Stock will lapse, and, with respect to Restricted Stock Units, Performance
Shares and Performance Units, all Performance Goals or other vesting criteria will be deemed achieved at target levels and all
other terms and conditions met. In addition, if an Option or Stock Appreciation Right is not assumed or substituted for in the
event of a Change in Control, the Administrator will notify the Participant in writing or electronically that the Option or Stock
Appreciation Right will be fully vested and exercisable for a period of time determined by the Administrator in its sole discretion,
and the Option or Stock Appreciation Right will terminate upon the expiration of such period.

 

For the purposes of
this subsection (c), an Award will be considered assumed if, following the Change in Control, the Award confers the right to purchase
or receive, for each Share subject to the Award immediately prior to the Change in Control, the consideration (whether stock, cash,
or other securities or property) or, in the case of a Stock Appreciation Right upon the exercise of which the Administrator determines
to settle in cash or a Performance Share or Performance Unit which the Administrator can determine to settle in cash, the fair
market value of the consideration received in the merger or Change in Control by holders of Common Stock for each Share held on
the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen
by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the Change in
Control is not solely common stock of the Successor Corporation, the Administrator may, with the consent of the Successor Corporation,
provide for the consideration to be received upon the exercise of an Option or Stock Appreciation Right or upon the payout of a
Performance Share or Performance Unit, for each Share subject to such Award (or in the case of Performance Units, the number of
implied shares determined by dividing the value of the Performance Units by the per share consideration received by holders of
Common Stock in the Change in Control), to be solely common stock of the Successor Corporation equal in fair market value to the
per share consideration received by holders of Common Stock in the Change in Control.

 

    	-16-

    	 

    

 

Notwithstanding anything
in this Section 14(c) to the contrary, an Award that vests, is earned or paid-out upon the satisfaction of one or more Performance
Goals will not be considered assumed if the Company or its successor modifies any of such Performance Goals without the Participant’s
consent; provided, however, a modification to such Performance Goals only to reflect the Successor Corporation’s post-Change
in Control corporate structure will not be deemed to invalidate an otherwise valid Award assumption.

 

15.         Tax
Withholding

 

(a)         Withholding
Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or exercise thereof), the Company will have
the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy
federal, state, local, foreign or other taxes (including the Participant’s FICA obligation) required to be withheld with
respect to such Award (or exercise thereof).

 

(b)         Withholding
Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time,
may permit a Participant to satisfy such tax withholding obligation, in whole or in part by (without limitation) (i) paying cash,
(ii) electing to have the Company withhold otherwise deliverable cash or Shares having a Fair Market Value equal to the minimum
amount required to be withheld, (iii) delivering to the Company already-owned Shares having a Fair Market Value equal to the amount
required to be withheld, or (iv) selling a sufficient number of Shares otherwise deliverable to the Participant through such
means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required
to be withheld. The amount of the withholding requirement will be deemed to include any amount which the Administrator agrees may
be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or local
marginal income tax rates applicable to the Participant with respect to the Award on the date that the amount of tax to be withheld
is to be determined. The Fair Market Value of the Shares to be withheld or delivered will be determined as of the date that the
taxes are required to be withheld.

 

16.         No
Effect on Employment or Service. Neither the Plan nor any Award will confer upon a Participant any right with respect to continuing
the Participant’s relationship as a Service Provider with the Company, nor will they interfere in any way with the Participant’s
right or the Company’s right to terminate such relationship at any time, with or without cause, to the extent permitted by
Applicable Laws.

 

17.         Date
of Grant. The date of grant of an Award will be, for all purposes, the date on which the Administrator makes the determination
granting such Award, or such other later date as is determined by the Administrator. Notice of the determination will be provided
to each Participant within a reasonable time after the date of such grant.

 

    	-17-

    	 

    

 

18.         Term
of Plan. Subject to Section 22 hereof, the Plan will become effective upon its adoption by the Board (the “Effective
Date”). It will continue in effect for a term of ten (10) years unless terminated earlier under Section 19 hereof;
provided, however, that such expiration shall not affect Awards then outstanding, and the terms and conditions of this Plan shall
continue to apply to such Awards.

 

19.         Amendment
and Termination of the Plan.

 

(a)         Amendment
and Termination. The Administrator may at any time amend, alter, suspend or terminate the Plan.

 

(b)         Stockholder
Approval. The Company will obtain stockholder approval of the Plan and any Plan amendment to the extent necessary or desirable
to comply with Applicable Laws.

 

(c)         Effect
of Amendment or Termination. No amendment, alteration, suspension, or termination of the Plan will impair the rights of any
Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing
and signed by the Participant and the Company. Termination of the Plan will not affect the Administrator’s ability to exercise
the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination.

 

20.         Conditions
Upon Issuance of Shares.

 

(a)         Legal
Compliance. Shares will not be issued pursuant to the exercise of an Award unless the exercise of such Award and the issuance
and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the Company
with respect to such compliance.

 

(b)         Investment
Representations. As a condition to the exercise of an Award, the Company may require the person exercising such Award to represent
and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention
to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required.

 

(c)         Restrictive
Legends. All Award Agreements and all securities of the Company issued pursuant thereto shall bear such legends regarding restrictions
on transfer and such other legends as the appropriate officer of the Company shall determine to be necessary or advisable to comply
with applicable securities and other laws.

 

21.         Inability
to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority
is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, will relieve
the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority will not
have been obtained.

 

    	-18-

    	 

    

 

22.         Stockholder
Approval. The Plan will be subject to approval by the stockholders of the Company within twelve (12) months after the date
the Plan is adopted by the Board. Such stockholder approval will be obtained in the manner and to the degree required under Applicable
Laws, including without limitation Section 422 of the Code. In the event that stockholder approval is not obtained within twelve
(12) months after the date the Plan is adopted by the Board, all Incentive Stock Options granted hereunder shall be void ab
initio and of no effect. Notwithstanding any other provisions of the Plan, no Awards shall be exercisable until the date of
such stockholder approval.

 

23.         Notification
of Election Under Section 83(b) of the Code. If any Service Provider shall, in connection with the acquisition of Shares under
the Plan, make the election permitted under Section 83(b) of the Code, such Service Provider shall notify the Company of such election
within ten (10) days of filing notice of the election with the Internal Revenue Service and provide the Company with a copy thereof,
in addition to any filing and a notification required pursuant to regulations issued under the authority of Section 83(b) of the
Code. A Service Provider shall not be permitted to make a Section 83(b) election with respect to an Award of a Restricted Stock
Unit.

 

24.         Notification
Upon Disqualifying Disposition Under Section 421(b) of the Code. Each Service Provider shall notify the Company of any disposition
of Shares issued pursuant to the exercise of an Incentive Stock Option under the circumstances described in Section 421(b) of the
Code (relating to certain disqualifying dispositions), within ten (10) days of such disposition.

 

25.         409A
Timing Rule for Specified Employees. If at the time of a Service Provider’s separation from service, such individual
is considered a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, and if any payment
that such Service Provider becomes entitled to under the Plan or any Award is deemed payable on account of such individual’s
separation from service, then no such payment shall be made prior to the date that is the earlier of (i) six months and one day
after the individual’s separation from service, or (ii) the individual’s death.

 

26.         Governing
Law. The law of the State of Delaware shall govern all questions concerning the construction, validity and interpretation of
this Plan, without regard to such state’s conflict of laws rules, subject to the Company’s intention that the Plan
satisfy the requirements of jurisdictions outside of the United States of America with respect to Awards subject to such jurisdictions.

 

    	-19-

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