SEC Contract Filing

Filing Date: 2018-08-14

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>fsnn_ex101.htm
<DESCRIPTION>2016 EQUITY INCENTIVE PLAN.
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Exhibit 10.1</font></div>
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AMENDMENT NO. 2 TO THE</font></div>
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FUSION TELECOMMUNICATIONS INTERNATIONAL, INC.</font></div>
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2016 EQUITY INCENTIVE PLAN</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">THIS
AMENDMENT NO. 2 (the &#x201C;Amendment&#x201D;) to the Fusion
Telecommunications International, Inc. 2016 Equity Incentive Plan
(the &#x201C;Plan&#x201D;), is hereby adopted, effective as of July
12, 2018, by the Board of Directors (&#x201C;Board&#x201D;) of Fusion
Connect, Inc. (f/k/a Fusion Telecommunications International,
Inc.), a Delaware corporation (the &#x201C;Corporation&#x201D;),
pursuant to its authority under Section 14.1 of the
Plan.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">1.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
name of the Plan is hereby changed to the Fusion Connect, Inc. 2016
Equity Incentive Plan, and all occurrences therein of &#x201C;Fusion
Telecommunications International, Inc.&#x201D; are hereby replaced
with &#x201C;Fusion Connect, Inc.&#x201D;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">2.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Section
5.3 of the Plan is hereby amended in its entirety and restated to
read as follows:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">5.3</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="font-weight: bold; text-decoration: underline">Award
Limits</font>. Notwithstanding any other provision in the Plan, and
subject to adjustment as provided in Section 5.4</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
maximum number of shares of Stock that may be issued as Incentive
Stock Options under the Plan shall be 2.2 million
shares.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
aggregate Grant Date Fair Market Value of Awards granted to any one
Participant who is a Non-Employee Director during any one fiscal
year with respect to one or more Awards shall be
$500,000.&#x201D;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">3.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Section
6.2(g) is hereby deleted in its entirety.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">4.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Except
as specifically amended by this Amendment, the Plan shall remain
and continue in full force and effect, and the provisions of the
Plan shall not be altered, amended or modified in any
way.</font></div>
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