SEC Contract Filing

Filing Date: 2022-09-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>11
<FILENAME>ea166065ex10-5_rumbleinc.htm
<DESCRIPTION>RUMBLE INC. 2022 STOCK INCENTIVE PLAN
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.65pt 0pt 0; text-align: right"><B>Exhibit 10.5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.65pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.65pt 0pt 0; text-align: center"><B>RUMBLE INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.65pt 0pt 0; text-align: center"><B>2022 STOCK INCENTIVE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">1.</TD><TD>Purpose.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">The purpose of the
Plan is to assist the Company in attracting, retaining, motivating, and rewarding certain employees, officers, directors, and consultants
of the Company and its Affiliates and promoting the creation of long-term value for stockholders of the Company by closely aligning the
interests of such individuals with those of such stockholders. The Plan authorizes the award of Stock-based and cash-based incentives
to Eligible Persons to encourage such Eligible Persons to expend maximum effort in the creation of stockholder value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">2.</TD><TD>Definitions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">For purposes of the Plan, the following terms shall be defined
as set forth below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Affiliate</U>&rdquo; means, with respect to a Person, any other Person that, directly or indirectly through one or more
intermediaries, controls, is controlled by, or is under common control with, such Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Award</U>&rdquo; means any Option, award of Restricted Stock, Restricted Stock Unit, Stock Appreciation Right, or other
Stock-based award granted under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Award Agreement</U>&rdquo; means an Option Agreement, a Restricted Stock Agreement, an RSU Agreement, a SAR Agreement,
or an agreement governing the grant of any other Stock-based Award granted under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>BCA</U>&rdquo; means that certain Business Combination Agreement, dated as of December 1, 2021, by and between the Company
and Rumble Inc., a corporation formed under the laws of the Province of Ontario, Canada, as the same may be amended and/or restated from
time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in"> (e) &ldquo;<U>Board</U>&rdquo; means the Board of Directors of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">(f)
&ldquo;<U>Cause</U>&rdquo; means, with respect to a Participant and in the absence of an Award Agreement or Participant Agreement
otherwise defining Cause, (1) the Participant&rsquo;s plea of <I>nolo contendere </I>to, conviction of or indictment for, any crime
(whether or not involving the Company or its Affiliates) (i) constituting a felony or (ii) that has, or could reasonably be expected
to result in, an adverse impact on the performance of the Participant&rsquo;s duties to the Service Recipient, or otherwise has, or
could reasonably be expected to result in, an adverse impact on the business or reputation of the Company or its Affiliates, (2)
conduct of the Participant, in connection with his or her employment or service, that has resulted, or could reasonably be expected
to result, in injury to the business or reputation of the Company or its Affiliates, (3) any material violation of the policies of
the Service Recipient, including, but not limited to, those relating to sexual harassment or the disclosure or misuse of
confidential information, or those set forth in the manuals or statements of policy of the Service Recipient; (4) the
Participant&rsquo;s act(s)