SEC Contract Filing

Filing Date: 2020-10-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.8
<SEQUENCE>7
<FILENAME>ea127797ex10-8_tattooed.htm
<DESCRIPTION>2020 EQUITY INCENTIVE PLAN
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 10.8</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TATTOOED
CHEF, INC. 2020 INCENTIVE AWARD PLAN</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1. <I><U>Establishment
of the Plan; Effective Date; Duration</U></I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) <I><U>Establishment
of the Plan; Effective Date</U></I>. Tattooed Chef, Inc., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), hereby establishes
this incentive compensation plan to be known as the &ldquo;Tattooed Chef, Inc. 2020 Incentive Award Plan,&rdquo; as amended from
time to time (the &ldquo;<U>Plan</U>&rdquo;). The Plan permits the grant of Incentive Stock Options, Nonqualified Stock Options,
Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Other Stock-Based Awards, Other Cash-Based Awards and Dividend
Equivalents. The Plan shall become effective upon the date on which the Plan is approved by the affirmative vote of the holders
of a majority of the Common Shares which are present or represented and entitled to vote and voted at a meeting (the &ldquo;<U>Effective
Date</U>&rdquo;). If the Plan is not so approved by the stockholders of the Company, then the Plan will be null and void in its
entirety. The Plan shall remain in effect as provided in <U>Section&nbsp;1(b)</U>. Capitalized but undefined terms shall have
the meaning set forth in <U>Section&nbsp;3</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) <I><U>Duration
of the Plan</U></I>. The Plan shall commence on the Effective Date and shall remain in effect, subject to the right of the Board
to amend or terminate the Plan at any time pursuant to <U>Section&nbsp;13</U>. However, in no event may an Award be granted under
the Plan on or after ten years from the Effective Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2. <I><U>Purpose</U></I>.
The purpose of the Plan is to provide a means through which the Company and its Affiliates may attract and retain key personnel
and to provide a means whereby certain directors, officers, employees, consultants and advisors (and certain prospective directors,
officers, employees, consultants and advisors) of the Company and its Affiliates can acquire and maintain an equity interest in
the Company, or be paid incentive compensation, which may be measured by reference to the value of Common Shares, thereby strengthening
their commitment to the welfare of the Company and its Affiliates and aligning their interests with those of the Company&rsquo;s
shareholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3. <I><U>Definitions</U></I>.
Certain terms used herein have the definitions given to them in the first instance in which they are used. In addition, for purposes
of the Plan, the following terms are defined as set forth below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) &ldquo;<I><U>Affiliate</U></I>&rdquo;
means (i)&nbsp;any person or entity that directly or indirectly controls, is controlled by or is under common control with the
Company and/or (ii)&nbsp;to the extent provided by the Committee, any person or entity in which the Company has a significant
interest. The term &ldquo;control&rdquo; (including, with correlative meaning, the terms &ldquo;controlled by&rdquo; and &ldquo;under
common control with&rdquo;), as applied to any person or entity, means the possession, directly or indire