Common use of Equity Compensation Awards Clause in Contracts

Equity Compensation Awards. The Compensation Committee of the Board has approved an incentive stock option (“ISO”) granting Employee the right to purchase up to 100,000 shares of the Company’s common stock under the Cxxxxxx & Cxxxxxx, Ltd. 2008 Stock Incentive Plan (the “2008 Plan”) at an option exercise price equal to the closing price of the common stock on the Effective Date contingent upon Employee’s execution of this Agreement and commencement of employment with the Company. This ISO award shall vest annually over a three-year period in accordance with the following vesting schedule: 25% of the ISO award (25,000 option shares) shall vest on the Effective Date and an additional 25% of the ISO award (25,000 option shares) shall vest on each of the following three anniversaries of the Effective Date provided Employee remains continuously employed with the Company (or other affiliated company) through each anniversary. The ISO award shall be contingent upon Employee’s execution of a standard Employee Incentive Option Agreement in substantially the form attached as Exhibit A to this Agreement and the ISO award shall in all respects be subject to and governed by the provisions of the 2008 Plan and the Employee Incentive Option Agreement. In addition to the ISO award, the Compensation Committee of the Board has approved the grant of a Restricted Stock Award for 100,000 shares of the Company’s common stock pursuant to the 2008 Plan on the Effective Date contingent upon Employee’s execution of this Agreement and commencement of employment with the Company. The restricted stock award shall vest annually over a three-year period in accordance with the following vesting schedule: 25% of the shares (25,000 shares) shall vest on the Effective Date and an additional 25% of the shares (25,000 shares) will vest on each of the following three anniversaries of the Effective Date provided Employee remains continuously employed with the Company (or other affiliated company) through each anniversary. The restricted stock award shall be contingent upon Employee’s execution of a standard Restricted Stock Award Agreement in substantially the form attached as Exhibit B to this Agreement and shall in all respects be subject to, and governed by, the provisions of the 2008 Plan and corresponding Restricted Stock Award Agreement.

Equity Compensation Awards. The Compensation Committee of the Board has approved an incentive stock option (“ISO”) granting Employee the right to purchase up to 100,000 26,315,789 shares of the Company’s common stock under the Cxxxxxx & Cxxxxxx, Ltd. 2008 Company’s Stock Incentive Plan (the “2008 Plan”) to be determined and filed via S-8), at an option exercise price of $0.0019, equal to the weighted-average closing price of the common stock on for the Effective Date previous five (5) trading days as of April 15, 2019, contingent upon Employee’s execution of this Agreement and commencement of employment with Agreement; provided that such option shall be granted as a non-ISO to the Companyextent it does not qualify for ISO treatment on the Effective Date. This ISO award shall vest annually over a three-year period in accordance with immediately upon the following vesting schedule: 25% filing of the ISO award (25,000 option shares) shall vest on Company’s Form 10-Q for the Effective Date and an additional 25% of the ISO award (25,000 option shares) shall vest on each of the following three anniversaries of the Effective Date provided Employee remains continuously employed with the Company (or other affiliated company) through each anniversaryperiod ending March 31, 2019. The ISO award shall be contingent upon Employee’s execution of a standard Employee Incentive Option Agreement in substantially the form attached as Exhibit A to this Agreement and the ISO award shall in all respects be subject to and governed by the provisions of the 2008 Company’s Stock Incentive Plan and the Employee Incentive Option Agreement. In addition to the ISO award, the Compensation Committee of the The Board has also approved the grant a restricted stock award (“RSA”) of a Restricted Stock Award for 100,000 23,684,211 shares of the Company’s common stock pursuant under the Company’s Stock Incentive Plan, valued at $0.0019, equal to the 2008 Plan on weighted-average closing price of the Effective Date common stock for the previous five (5) trading days as of April 15, 2019, contingent upon the Employee’s execution executive of this Agreement and commencement Agreement. This RSA grant will vest immediately upon the filing of employment with the Company’s Form 10-Q for the period ending March 31, 2019. The restricted stock award Employee shall vest annually over a three-year period in accordance with also receive an RSA grant every three months beginning at the following vesting schedule: 25% time of the Agreement valued at Forty-Five Thousand and 00/100 Dollars ($45,000) in shares (25,000 shares) shall vest on equal to the Effective Date and an additional 25% grant value divided by the weighted-average closing price of the shares common stock for the previous five (25,000 shares5) trading days. These quarterly grants will vest on each 100% twelve (12) months from date of the following three anniversaries of the Effective Date provided Employee remains continuously employed with the Company (or other affiliated company) through each anniversary. The restricted stock award shall be contingent upon Employee’s execution of a standard Restricted Stock Award Agreement in substantially the form attached as Exhibit B to this Agreement and shall in all respects be subject to, and governed by, the provisions of the 2008 Plan and corresponding Restricted Stock Award Agreementgrant.

Equity Compensation Awards. The Compensation Committee of the Board has approved an incentive stock option (“ISO”) granting Employee the right to purchase up to 100,000 150,000 shares of the Company’s common stock under the Cxxxxxx Chxxxxx & CxxxxxxCoxxxxx, Ltd. 2008 Stock Incentive Plan (the “2008 Plan”) at an option exercise price equal to the closing price of the common stock on the Effective Date contingent upon Employee’s execution of this Agreement and commencement of employment with the Company; provided that such option shall be granted as a non-ISO to the extent it does not qualify for ISO treatment on the Effective Date. This ISO award shall vest annually over a threetwo-year period in accordance with the following vesting schedule: 2533% of the ISO award (25,000 50,000 option shares) shall vest on the Effective Date and an additional 2533% of the ISO award (25,000 50,000 option shares) shall vest on each of the following three two anniversaries of the Effective Date provided Employee remains continuously employed with the Company (or other affiliated company) and/or serves on the Board of Directors of the Company through each anniversary. The ISO award shall be contingent upon Employee’s execution of a standard Employee Incentive Option Agreement in substantially the form attached as Exhibit A to this Agreement and the ISO award shall in all respects be subject to and governed by the provisions of the 2008 Plan and the Employee Incentive Option Agreement. In addition to the ISO award, the Compensation Committee of the Board has approved the grant of a Restricted Stock Award performance-based restricted stock award for 100,000 shares of the Company’s common stock pursuant to the 2008 Plan on the Effective Date contingent upon Employee’s execution of this Agreement and commencement of employment with the Company. The restricted stock award shall vest annually over a three-year period in accordance with the following vesting schedule: 25% of the shares (25,000 shares) shall vest on the Effective Date and an additional 25% of the shares (25,000 shares) will vest on each of the following three anniversaries first anniversary of the Effective Date provided Employee has achieved performance-based goals as established by the Board of Directors and remains continuously employed with the Company (or other affiliated company) and/or serves on the Board of Directors of the Company through each anniversarythat date. The restricted stock award shall be contingent upon Employee’s execution of a standard Performance-Based Restricted Stock Award Agreement in substantially the form attached as Exhibit B to this Agreement and shall in all respects be subject to, and governed by, the provisions of the 2008 Plan and corresponding Performance-Based Restricted Stock Award Agreement.

Equity Compensation Awards. The Compensation Committee of the Board has approved an incentive stock option (“ISO”) granting Employee the right to purchase up to 100,000 80,000 shares of the Company’s common stock under the Cxxxxxx Xxxxxxx & CxxxxxxXxxxxxx, Ltd. 2008 Stock Incentive Plan (the “2008 Plan”) at an option exercise price equal to the closing price of the common stock on the Effective Date contingent upon Employee’s execution of this Agreement and commencement of employment with the Company; provided that such option shall be granted as a non-ISO to the extent it does not qualify for ISO treatment on the Effective Date. This ISO award shall vest annually over a three-year period in accordance with the following vesting schedule: 25% of the ISO award (25,000 20,000 option shares) shall vest on the Effective Date and an additional 25% of the ISO award (25,000 20,000 option shares) shall vest on each of the following three anniversaries of the Effective Date provided Employee remains continuously employed with the Company (or other affiliated company) through each anniversary. The ISO award shall be contingent upon Employee’s execution of a standard Employee Incentive Option Agreement in substantially the form attached as Exhibit A to this Agreement and the ISO award shall in all respects be subject to and governed by the provisions of the 2008 Plan and the Employee Incentive Option Agreement. In addition to the ISO award, the Compensation Committee of the Board has approved the grant of a Restricted Stock Award for 100,000 80,000 shares of the Company’s common stock pursuant to the 2008 Plan on the Effective Date contingent upon Employee’s execution of this Agreement and commencement of employment with the Company. The restricted stock award shall vest annually over a three-year period in accordance with the following vesting schedule: 25% of the shares (25,000 20,000 shares) shall vest on the Effective Date January 1, 2014 and an additional 25% of the shares (25,000 20,000 shares) will vest on each of the following three anniversaries of the Effective Date provided Employee remains continuously employed with the Company (or other affiliated company) through each anniversary. The restricted stock award shall be contingent upon Employee’s execution of a standard Restricted Stock Award Agreement in substantially the form attached as Exhibit B to this Agreement and shall in all respects be subject to, and governed by, the provisions of the 2008 Plan and corresponding Restricted Stock Award Agreement.