SEC Contract Filing

Filing Date: 2021-03-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>ex_235361.htm
<DESCRIPTION>EXHIBIT 10.1
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<p style="margin-bottom: 0; text-align: right; margin-top: 0; font-family: &quot;Times New Roman&quot;; font-size: 10pt"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.1</b></font></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>FIRST AMENDMENT TO THE </b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>GENASYS INC. </b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>AMENDED AND RESTATED 2015 EQUITY INCENTIVE PLAN</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">This First Amendment (this &#8220;<u>Amendment</u>&#8221;) to the Genasys Inc. Amended and Restated 2015 Equity Incentive Plan (the &#8220;<u>Plan</u>&#8221;) is made and adopted by Genasys Inc. (the &#8220;<u>Company</u>&#8221;), a corporation organized under the laws of State of Delaware. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Plan.</p>

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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">1.</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Section 3(a) of the Plan is hereby amended to read as follows:</p>
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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt 0pt 0pt 36pt;">&#8220;(a) Subject to Paragraph 15, the number of Shares which may be issued from time to time pursuant to this Plan shall be 10,000,000 shares of Common Stock.&#8221;</p>

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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">2.</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">This Amendment is effective as of December 8, 2020.</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">3.</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">This Amendment shall be and is hereby incorporated in and forms a part of the Plan. All other terms and provisions of the Plan shall remain unchanged except as specifically modified herein. The Plan, as amended by this Amendment, is hereby ratified and confirmed.</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">* * * * * * * *</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">I hereby certify that the foregoing Amendment was duly adopted by the Board of Directors of the Company on December 8, 2020.</p>

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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>GENASYS INC.</b></p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">By:</p>
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