<SEC-DOCUMENT>0001104659-22-077663.txt : 20220706
<SEC-HEADER>0001104659-22-077663.hdr.sgml : 20220706
<ACCEPTANCE-DATETIME>20220706152708
ACCESSION NUMBER:		0001104659-22-077663
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		8
FILED AS OF DATE:		20220706
DATE AS OF CHANGE:		20220706
EFFECTIVENESS DATE:		20220706

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KROGER CO
		CENTRAL INDEX KEY:			0000056873
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-GROCERY STORES [5411]
		IRS NUMBER:				310345740
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			0128

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-266030
		FILM NUMBER:		221068472

	BUSINESS ADDRESS:	
		STREET 1:		1014 VINE ST
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45201
		BUSINESS PHONE:		5137624000

	MAIL ADDRESS:	
		STREET 1:		1014 VINE ST
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45201
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>tm2219416d1_s8.htm
<DESCRIPTION>FORM S-8
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>As filed with the Securities and Exchange Commission
on July&nbsp;6, 2022</B></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 0; text-align: right"><B>Registration No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>

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

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form&nbsp;S-8</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OF 1933</B></P>

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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="tm2219416d1_s8img001.jpg" ALT=""></P>

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

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>The Kroger Co.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Exact name of registrant as specified in its
charter)</I></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center; width: 49%"><B>Ohio</B></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center; width: 49%"><B>31-0345740</B></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(State or other jurisdiction of</I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>incorporation or organization)</I></P></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(I.R.S. Employer</I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Identification No.)</I></P></TD></TR>
  </TABLE>
<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 0; text-align: center"><B>1014 Vine Street</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Cincinnati, Ohio 45202</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(513)&nbsp;762-4000</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Address, including zip code, and telephone
number,</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>including area code, of registrant&rsquo;s principal
executive offices)</I></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-top: 0pt; margin-bottom: 0pt; text-align: center"><B>The Amended and Restated Kroger 2019 Long-Term
Incentive Plan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>(Full Title of Plan)</I></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 0; text-align: center"><B>Christine S. Wheatley,&nbsp;Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Group Vice President, Secretary and General
Counsel</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1014 Vine Street</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Cincinnati, Ohio 45202</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(513)&nbsp;762-4000</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Name, address, including zip code, and telephone
number,</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>including area code, of agent for service)</I></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 0">Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of
 &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company&rdquo; and an emerging growth
company in Rule&nbsp;12b-2 of the Exchange Act.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 16%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Large accelerated filer</FONT></TD>
    <TD STYLE="width: 35%"><FONT STYLE="font-family: Wingdings">&#120;</FONT></TD>
    <TD STYLE="width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accelerated filer</FONT></TD>
    <TD STYLE="width: 29%"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-accelerated filer</FONT></TD>
    <TD><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Smaller reporting company</FONT></TD>
    <TD><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emerging growth company</FONT></TD>
    <TD><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD></TR>
  </TABLE>

<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 0">If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section&nbsp;7(a)(2)(B)&nbsp;of the Securities Act. <FONT STYLE="font-family: Wingdings">&#168;</FONT></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 0"></P>

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<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 0"></P>

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<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 0; text-align: center"><B>PART&nbsp;I</B></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 0; text-align: center"><B>Explanatory Note</B></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 0; text-indent: 0.25in">This Registration Statement on Form&nbsp;S-8 (this
 &ldquo;Registration Statement&rdquo;) is filed by The Kroger Co., an Ohio corporation (&ldquo;Kroger,&rdquo; the &ldquo;Registrant,&rdquo;
 &ldquo;we&rdquo; or &ldquo;our&rdquo;), for the purpose of registering 46,239,000 shares of common shares, par value $1.00 per share (the
 &ldquo;Common Share&rdquo;) of the Registrant that may be issued under The Amended and Restated Kroger 2019 Long-Term Incentive Plan (the
 &ldquo;Plan&rdquo;), which became effective on June&nbsp;23, 2022.</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 0; text-align: center"><B>Information Required In The Section&nbsp;10(A)&nbsp;Prospectus</B></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 0; text-indent: 0.25in"><B>Item 1. Plan Information.</B> The information
specified in Part&nbsp;I of this Registration Statement is omitted from this filing in accordance with the provisions of Rule&nbsp;428
under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;). The documents containing the information specified in
Part&nbsp;I will be delivered to the participants in the plans covered by this Registration Statement as required by Rule&nbsp;428(b)(1).
These documents and the documents incorporated by reference into this Registration Statement pursuant to Item 3 of Part&nbsp;II of this
Registration Statement, taken together, constitute a Prospectus that meets the requirements of Section&nbsp;10(a)&nbsp;of the Securities
Act.</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 0"></P>

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<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 0; text-align: center"><B>PART&nbsp;II</B></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 0; text-align: center"><B>Information Required In The Registration Statement</B></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 0"><B>Item 3. Incorporation of Documents by Reference.</B></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 0; text-indent: 0.25in">The following documents filed by the Registrant
with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) are hereby incorporated by reference in this registration statement:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD><A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/56873/000155837022004595/kr-20220129x10k.htm" STYLE="-sec-extract: exhibit">the Registrant&rsquo;s annual report on Form&nbsp;10-K for the year ended January&nbsp;29, 2022, filed with the Commission on March&nbsp;29, 2022, which contains the Registrant&rsquo;s audited financial statements for the latest fiscal year for which such statements have been filed;</A></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD><A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/56873/000155837022010253/kr-20220521x10q.htm" STYLE="-sec-extract: exhibit">the Registrant&rsquo;s quarterly report on Form&nbsp;10-Q for the quarterly period ended May&nbsp;21, 2022, filed with the Commission on June&nbsp;24, 2022, which contains unaudited interim financial statements;</A></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD>the Registrant&rsquo;s current reports on Form&nbsp;8-K filed on <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/56873/000110465922029705/tm228130d1_8k.htm" STYLE="-sec-extract: exhibit">March&nbsp;3, 2022</A>, <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/56873/000110465922030321/tm228130d3_8k.htm" STYLE="-sec-extract: exhibit">March&nbsp;4, 2022</A>, <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/56873/000110465922071655/tm2218415d1_8k.htm" STYLE="-sec-extract: exhibit">June&nbsp;16, 2022</A>, and <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/56873/000110465922073846/tm2219315d1_8k.htm" STYLE="-sec-extract: exhibit">June&nbsp;23, 2022</A> (excluding any reports or portions thereof that are furnished under Item 2.02 or Item 7.01 and any exhibits included with such Items);</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(d)</TD><TD>information in <A HREF="https://www.sec.gov/Archives/edgar/data/56873/000119312522144975/d316825dprec14a.htm" STYLE="-sec-extract: exhibit">our proxy statement filed with the Commission on May&nbsp;9, 2022</A>, to the extent incorporated by reference in our <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/56873/000155837022004595/kr-20220129x10k.htm" STYLE="-sec-extract: exhibit">annual report on Form&nbsp;10-K for the fiscal year ended January&nbsp;29, 2022;</A> and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(e)</TD><TD>the description of the Registrant&rsquo;s common shares contained in the Registrant&rsquo;s registration statement on Form&nbsp;8-A
filed on December&nbsp;30, 1985, including any amendment or report filed for the purpose of updating such description.</TD></TR></TABLE>

<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 0 0pt 0.25in">All documents filed by the Registrant pursuant to Section&nbsp;13(a),
13(c), 14 or 15(d)&nbsp;of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;), after the date hereof (excluding
any documents or portions of such documents that are furnished under Item 2.02 or Item 7.01 of a current report on Form&nbsp;8-K and any
exhibits included with such Items), and prior to the filing of a post-effective amendment that indicates that all the securities offered
hereby have been sold or that deregisters the securities offered hereby then remaining unsold, shall also be deemed to be incorporated
by reference into this registration statement and to be a part hereof from the date of filing of such documents.</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 0 0pt 0.25in">Any statement contained in this Registration Statement or
in a document incorporated or deemed to be incorporated by reference in this registration statement will be deemed to be modified or superseded
to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated
by reference in this registration statement modifies or supersedes that statement. Any statement so modified or superseded will not be
deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</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 0"><B>Item 4. Description of Securities.</B></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 0 0pt 0.25in">Not applicable.</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 0"><B>Item 5. Interests of Named Experts and Counsel.</B></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 0; text-indent: 0.25in">A legal opinion to the effect that The Kroger
Co. common shares, $1.00 par value, offered hereby have been duly authorized and that, when they are issued in accordance with the terms
of the Amended and Restated Kroger 2019 Long-Term Incentive Plan, they will be validly issued and outstanding, fully paid and nonassessable,
has been rendered by Christine S. Wheatley, Esquire, Group Vice President, Secretary and General Counsel of Kroger. As of July&nbsp;5,
2022, Ms.&nbsp;Wheatley owned approximately 129,001 shares of The Kroger Co. common shares and held options to acquire 210,441 shares
of The Kroger Co. common shares.</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 0"></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in; padding-left: 11pt; font-size: 10pt; text-indent: -11pt"><B>Item&nbsp;6.</B></TD>
    <TD STYLE="font-size: 10pt"><B>Indemnification of Directors and Officers.</B></TD></TR>
  </TABLE>
<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 0; text-indent: 0.25in">Under the Registrant&rsquo;s Regulations (bylaws)
each present or former director, officer or employee of the Registrant and each person who is serving or shall have served at the request
of the Registrant as a director, officer, or employee of another corporation (and his or her heirs, executors and administrators) will
be indemnified by the Registrant against expenses actually and necessarily incurred by him or her, and also against expenses, judgments,
decrees, fines, penalties, or amounts paid in settlement, in connection with the defense of any pending or threatened action, suit, or
proceeding, criminal or civil, to which he or she is or may be made a party by reason of being or having been such director, officer,
or employee, provided (1)&nbsp;he or she is adjudicated or determined not to have been negligent or guilty of misconduct in the performance
of his or her duty to the Registrant or such other corporation, (2)&nbsp;he or she is determined to have acted in good faith in what he
or she reasonably believed to be the best interest of the Registrant or of such other corporation, and (3)&nbsp;in any matter the subject
of a criminal action, suit, or proceeding, he or she is determined to have had no reasonable cause to believe that his or her conduct
was unlawful. See also Ohio Revised Code, Section&nbsp;1701.13.</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 0; text-indent: 0.25in">The Registrant also maintains directors&rsquo;
and officers&rsquo; reimbursement and liability insurance pursuant to policies with aggregate limits of $200.0&nbsp;million.</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 0; text-indent: 0.25in">The foregoing indemnification provisions are not
exclusive of any other rights to which such director, officer or employee may be entitled under Kroger's Articles of Incorporation or
Regulations, any agreement, any insurance purchased by Kroger, any vote of shareholders or otherwise.</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 0"><B>Item 7. Exemption from Registration Claimed.</B></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 0; text-indent: 0.25in">Not applicable.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; padding-right: 20pt; text-align: left"><B>Item 8.</B></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibits</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 20pt; width: 9%; text-align: right"><A HREF="tm2219416d1_ex5-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1</FONT></A></TD>
    <TD STYLE="width: 91%"><A HREF="tm2219416d1_ex5-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Opinion of Christine S. Wheatley,&nbsp;Esq.
    (Including Consent)</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 20pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 20pt; text-align: right"><A HREF="tm2219416d1_ex23-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.1</FONT></A></TD>
    <TD><A HREF="tm2219416d1_ex23-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent of PricewaterhouseCoopers LLP</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 20pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 20pt; text-align: right"><A HREF="tm2219416d1_ex5-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.2</FONT></A></TD>
    <TD><A HREF="tm2219416d1_ex5-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent of Christine S. Wheatley,&nbsp;Esq. (Included
    in Exhibit&nbsp;5.1)</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 20pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 20pt; text-align: right"><A HREF="tm2219416d1_ex24-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24.1</FONT></A></TD>
    <TD><A HREF="tm2219416d1_ex24-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Power of Attorney</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 20pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 20pt; text-align: right"><A HREF="tm2219416d1_ex99-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></A></TD>
    <TD><A HREF="tm2219416d1_ex99-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Amended and Restated Kroger 2019 Long-Term Incentive
    Plan </FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 20pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 20pt; text-align: right"><A HREF="tm2219416d1_ex-filingfees.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">107</FONT></A></TD>
    <TD><A HREF="tm2219416d1_ex-filingfees.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Calculation of Filing Fee Table </FONT></A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in"><B>Item&nbsp;9.</B></TD>
    <TD><B>Undertakings.</B></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">(a)</TD><TD STYLE="text-align: justify">The undersigned Registrant hereby undertakes:</TD>
</TR></TABLE>

<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 0 0pt 0.5in">(1)&nbsp;To file, during any period in which offers or sales
are being made, a post-effective amendment to this Registration Statement:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD>To include any prospectus required by Section&nbsp;10(a)(3)&nbsp;of the Securities Act;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD>To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth
in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar
value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum
offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule&nbsp;424(b)&nbsp;if, in the aggregate,
the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the &ldquo;Calculation
of Registration Fee&rdquo; table in the effective registration statement; and</TD></TR></TABLE>

<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 0"></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD>To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement
or any material change to such information in the Registration Statement;</TD></TR></TABLE>

<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 0 0pt 0.5in">provided, however, that the foregoing paragraphs (a)(1)(i)&nbsp;and
(a)(1)(ii)&nbsp;do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained
in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section&nbsp;13 or Section&nbsp;15 (d)&nbsp;of
the Exchange Act that are incorporated by reference in the Registration Statement.</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 0 0pt 0.5in">(2)&nbsp;That, for the purpose of determining any liability
under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</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 0 0pt 0.5in">(3)&nbsp;To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the termination of the offering.</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 0 0pt 0.25in">(b)&nbsp; The undersigned Registrant hereby undertakes that,
for purposes of determining any liability under the Securities Act, each filing of the Registrant&rsquo;s annual report pursuant to Section&nbsp;13(a)&nbsp;or
Section&nbsp;15(d)&nbsp;of the Exchange Act (and, where applicable, each filing of an employee benefit plan&rsquo;s annual report pursuant
to Section&nbsp;15(d)&nbsp;of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be
a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed
to be the initial bona fide offering thereof.</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 0 0pt 0.25in">(c)&nbsp; Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the provisions
set forth in Item 6, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against
public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of
the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</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 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<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 0; text-align: center"><B>SIGNATURES</B></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 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form&nbsp;S-8
and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Cincinnati, State of Ohio, on July&nbsp;6, 2022.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Kroger Co.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/ Christine S. Wheatley</I></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Christine S. Wheatley, Group Vice President, Secretary and
General Counsel</FONT></TD></TR>
  </TABLE>

<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 0; text-indent: 0.25in">Pursuant to the requirements of the Securities
Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on July&nbsp;6, 2022.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/ Rodney McMullen</I></FONT></TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman of the Board and Chief Executive Officer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">W. Rodney McMullen</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(principal executive officer)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/ Gary Millerchip</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial Officer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gary Millerchip</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(principal financial officer)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/ Todd A. Foley</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Group Vice President&nbsp;&amp; Controller</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Todd A. Foley</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(principal accounting officer)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/ Nora A. Aufreiter</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nora A. Aufreiter</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/ Kevin M. Brown</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kevin M. Brown</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/ Elaine L. Chao</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Elaine L. Chao</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/ Anne Gates</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Anne Gates</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/ Karen Hoguet</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Karen Hoguet</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/ Clyde R. Moore</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Clyde R. Moore</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/ Ronald L. Sargent</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ronald L. Sargent</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/ J. Amanda Sourry Knox</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">J. Amanda Sourry Knox</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/ Mark S. Sutton</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mark S. Sutton</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/ Ashok Vemuri</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ashok Vemuri</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
  </TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">* By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 45%"><FONT STYLE="font-size: 10pt"><I>/s/ Christine S. Wheatley</I></FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Christine S. Wheatley, Attorney-in-fact</FONT></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

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

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>tm2219416d1_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">EXHIBIT&nbsp;5.1</P>

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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</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 0; text-align: center"><IMG SRC="tm2219416d1_ex5-1img001.jpg" ALT="">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The Kroger Co.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">1014 Vine Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Cincinnati, OH 45202</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 0">July&nbsp;6, 2022</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 0">Board of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Kroger Co.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1014 Vine Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Cincinnati, OH 45202</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 0">Ladies and Gentlemen:</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 0">I am familiar with the proceedings taken and proposed to be taken by
The Kroger Co., an Ohio corporation (the &ldquo;<U>Company</U>&rdquo;), in connection with the issuance of up to 46,239,000 shares of
The Kroger Co. common shares (the &ldquo;<U>Securities</U>&rdquo;) pursuant to The Amended and Restated Kroger 2019 Long-Term Incentive
Plan (the &ldquo;<U>Plan</U>&rdquo;). I have acted as counsel to the Company in connection with its preparation of a registration statement
relating to that issuance on Form&nbsp;S-8 to be filed by the Company with the Securities and Exchange Commission for the registration
of the Securities under the Securities Act of 1933, as amended. I have examined the above-mentioned documents, the Amended Articles of
Incorporation and Regulations of the Company, the corporate minutes of the proceedings of the directors and shareholders of the Company,
and all other records and documents of the Company as I have deemed necessary in order to express the opinions hereinafter set forth.</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 0">Based upon the foregoing, and assuming compliance with applicable federal
and state securities laws,&nbsp;I am of the opinion that when the Securities are issued pursuant to the Plan, they will be duly authorized,
validly issued and outstanding, fully paid and non-assessable.</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 0">I consent to the filing of this opinion as an exhibit to the Registration
Statement and to the reference to me in the Registration Statement as having passed upon the legality of the Securities offered thereby
on behalf 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 0">Very truly yours,</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 0">The Kroger Co.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; width: 50%; font: italic 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/ Christine S. Wheatley</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Christine S. Wheatley, Group Vice President,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Secretary and General Counsel</P>

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

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

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<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>tm2219416d1_ex23-1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">EXHIBIT&nbsp;23.1</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 0; text-align: center">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM</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 0">We hereby consent to the incorporation by reference in this Registration
Statement on Form<FONT STYLE="color: red"><B>&nbsp;</B></FONT>S-8 of The Kroger Co. of our report dated March&nbsp;29, 2022 relating to
the financial statements and the effectiveness of internal control over financial reporting, which appears in The Kroger Co.'s Annual
Report on Form&nbsp;10-K for the year ended January&nbsp;29, 2022.</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 0">/s/ PricewaterhouseCoopers LLP<BR>
Cincinnati, Ohio<BR>
July&nbsp;6, 2022</P>

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

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

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<DOCUMENT>
<TYPE>EX-24.1
<SEQUENCE>4
<FILENAME>tm2219416d1_ex24-1.htm
<DESCRIPTION>EXHIBIT 24.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 474pt">EXHIBIT&nbsp;24.1</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 0; text-align: center"><U>POWER OF ATTORNEY</U></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 0">KNOW ALL PERSONS BY THESE PRESENTS, that each of the undersigned directors
of The Kroger Co. (the &ldquo;Company&rdquo;) hereby makes, constitutes and appoints Christine S. Wheatley and Stacey M. Heiser, or either
of them, his or her true and lawful attorneys-in-fact and agents to sign and execute for and on his or her behalf the Company&rsquo;s
Form&nbsp;S-8, and any and all amendments thereto, both pre-effective and post-effective, and supplements to this Registration Statement,
to be filed with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended (&ldquo;Act&rdquo;),
in such form as they, or either of them, may approve and to do any and all other acts which said attorneys-in-fact, or either of them,
may deem necessary or desirable to enable the Company to comply with said Act or the rules&nbsp;and regulations thereunder. This Power
of Attorney may be signed in several counterparts.</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 0">IN WITNESS WHEREOF, the undersigned directors have hereunto set their
hands as of the 23rd day of June&nbsp;2022.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%; border-bottom: Black 1pt solid"><I>/s/ Nora A. Aufreiter </I></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 49%; border-bottom: Black 1pt solid"><I>/s/ Ronald L. Sargent </I></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Nora A. Aufreiter</TD>
    <TD>&nbsp;</TD>
    <TD>Ronald L. Sargent</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><I>/s/ Kevin M. Brown </I></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><I>/s/ J. Amanda Sourry Knox </I></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Kevin M. Brown</TD>
    <TD>&nbsp;</TD>
    <TD>J. Amanda Sourry Knox</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><I>/s/ Elaine L. Chao</I></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><I>/s/ Mark S. Sutton</I></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Elaine L. Chao</TD>
    <TD>&nbsp;</TD>
    <TD>Mark S. Sutton</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><I>/s/ Anne Gates </I></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><I>/s/ Ashok Vemuri</I></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Anne Gates</TD>
    <TD>&nbsp;</TD>
    <TD>Ashok Vemuri</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><I>/s/ Karen Hoguet </I></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Karen Hoguet</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><I>/s/ Clyde R. Moore </I></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Clyde R. Moore</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>5
<FILENAME>tm2219416d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">2019&nbsp;AMENDED AND RESTATED LONG-TERM INCENTIVE
PLAN</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD><U>Purpose</U>.</TD></TR></TABLE>

<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 0; text-indent: 20pt">The purpose of The Kroger Co. 2019 Amended and Restated
Long-Term Incentive Plan is to further align the interests of eligible participants with those of the Company&rsquo;s shareholders by
providing incentive compensation opportunities tied to the performance of the Company and its Common Shares. The Plan is intended to advance
the interests of the Company and increase shareholder value by attracting, retaining and motivating key personnel upon whose judgment,
initiative and effort the successful conduct of the Company&rsquo;s business is largely dependent.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">2.</TD><TD STYLE="text-align: justify"><U>Definitions</U>. Capitalized terms used and not otherwise
defined herein shall have the meanings set forth below:</TD>
</TR></TABLE>

<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 0; text-indent: 0.25in"><I>&ldquo;Affiliate&rdquo;</I> means any Person
directly or indirectly controlling, controlled by, or under common control with such other 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 0; text-indent: 0.25in">&ldquo;<I>Award</I>&rdquo; means an award of a
Stock Option, Share Appreciation Right, Restricted Share Award, Restricted Share Unit (including Performance Units), Cash Incentive Award
or Share 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 0; text-indent: 0.25in">&ldquo;<I>Award Agreement</I>&rdquo; means a notice
or an agreement entered into between the Company and a Participant setting forth the terms and conditions of an Award granted to a Participant
as provided in Section&nbsp;16.2 hereof.</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 0; text-indent: 0.25in">&ldquo;<I>Beneficial Owner</I>&rdquo; has the
meaning ascribed to such term in Rule&nbsp;13d-3 under the Exchange Act.</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 0; text-indent: 0.25in">&ldquo;<I>Board</I>&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 0; text-indent: 0.25in">&ldquo;<I>Cash Incentive Award</I>&rdquo; means
an Award that is denominated by a cash amount to an Eligible Person under Section&nbsp;10 hereof and payable based on or conditioned upon
the attainment of business and/or individual performance goals over a specified performance period.</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 0; text-indent: 0.25in">&ldquo;<I>Cause</I>&rdquo; has the meaning set
forth in the KEPP, unless otherwise defined in an Award Agreement.</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 0; text-indent: 0.25in">&ldquo;<I>Change in Control</I>&rdquo; has the
meaning set forth in Section&nbsp;12.4 hereof.</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 0; text-indent: 0.25in">&ldquo;<I>Code</I>&rdquo; means the Internal Revenue
Code of 1986, as amended.</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 0; text-indent: 0.25in">&ldquo;<I>Committee</I>&rdquo; means (i)&nbsp;the Compensation and
Talent Development Committee of the Board, (ii)&nbsp;such other Committee of the Board appointed by the Board to administer the Plan or
(iii)&nbsp;the Board, as determined by the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&ldquo;<I>Common Shares</I>&rdquo; means the Company&rsquo;s
common shares, par value $1.00 per share.</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 0; text-indent: 0.25in">&ldquo;<I>Company</I>&rdquo; means The Kroger
Co., or any successor thereto.</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 0; text-indent: 0.25in">&ldquo;<I>Date of Grant</I>&rdquo; means the date
on which an Award under the Plan is granted by the Committee or such later date as the Committee may specify to be the effective date
of an Award.</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 0; text-indent: 0.25in">&ldquo;<I>Disability</I>&rdquo; has the meaning
set forth under the Company&rsquo;s long-term disability plan. Notwithstanding the foregoing, in any case in which a benefit that constitutes
or includes &ldquo;nonqualified deferred compensation&rdquo; subject to Section&nbsp;409A would be payable by reason of Disability, the
term &ldquo;Disability&rdquo; will mean a disability described in Treasury Regulations Section&nbsp;1.409A-3(i)(4)(i)(A).</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 0; text-indent: 0.25in">&ldquo;<I>Effective Date</I>&rdquo; has the meaning
set forth in Section&nbsp;17.1 hereof.</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 0; text-indent: 0.25in">&ldquo;<I>Eligible Person</I>&rdquo; means any
person who is an officer, employee, Non-Employee Director, or any natural person who is a consultant or advisor of the Company or any
of its Subsidiaries.</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 0; text-indent: 0.25in">&ldquo;<I>Exchange Act</I>&rdquo; means the Securities
Exchange Act of 1934, as amended, and the rules&nbsp;and regulations promulgated thereunder, as the same may be amended 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 0; text-indent: 0.25in">&ldquo;<I>Fair Market Value</I>&rdquo; means,
as applied to a specific date, the price of a Common Share that is based on the opening, closing, actual, high, low or average selling
prices of a Common Share reported on any established stock exchange or national market system including without limitation the New York
Stock Exchange on the applicable date, the preceding trading day, the next succeeding trading day, or an average of trading days, as determined
by the Committee in its discretion. Unless the Committee determines otherwise or unless otherwise specified in an Award Agreement, Fair
Market Value shall be deemed to be equal to the closing price of a Common Share on the most recent date on which Common Shares were publicly
traded. Notwithstanding the foregoing, if the Common Shares are not traded on any established stock exchange or national market system,
Fair Market Value means the price of a Common Share as established by the Committee acting in good faith based on a valuation method that
is consistent with the requirements of Section&nbsp;409A of the Code and the regulations thereunder.</P>

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

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<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 0; text-indent: 0.25in"><I>&ldquo;Good Reason&rdquo; </I>has the meaning
set forth in the KEPP, as amended from time to time, unless otherwise defined in an Award Agreement.</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 0; text-indent: 0.25in">&ldquo;<I>Incentive Stock Option</I>&rdquo; means
a Stock Option granted under Section&nbsp;6 hereof that is intended to meet the requirements of Section&nbsp;422 of the Code and the regulations
thereunder.</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 0; text-indent: 0.25in">&ldquo;<I>KEPP</I>&rdquo; means The Kroger Co.
Employee Protection Plan, as amended 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 0; text-indent: 0.25in">&ldquo;<I>Non-Employee Director</I>&rdquo; means
a member of the Board who is not an employee of the Company or any of its Subsidiaries.</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 0; text-indent: 0.25in">&ldquo;<I>Nonqualified Stock Option</I>&rdquo;
means a Stock Option granted under Section&nbsp;6 hereof that is not an Incentive Stock Option.</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 0; text-indent: 0.25in">&ldquo;<I>Participant</I>&rdquo; means any Eligible
Person who holds an outstanding Award 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 0; text-indent: 0.25in">&ldquo;<I>Performance Unit</I>&rdquo; means a
Restricted Share Unit that is subject to vesting based on the achievement, or the level of achievement, during a specified performance
period of one or more performance goals established by the Committee.</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 0; text-indent: 0.25in">&ldquo;<I>Person</I>&rdquo; has the meaning set
forth in Section&nbsp;12.5 hereof.</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 0; text-indent: 0.25in">&ldquo;<I>Plan</I>&rdquo; means the Kroger Co. 2019 Amended and Restated
Long-Term Incentive Plan as set forth herein, effective as of the Effective Date and as may be amended from time to time, as provided
herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&ldquo;<I>Restricted Share Award</I>&rdquo; means
a grant of Common Shares to an Eligible Person under Section&nbsp;8 hereof that are issued subject to such vesting and transfer restrictions
as the Committee shall determine, and such other conditions, as are set forth in the Plan and the applicable Award Agreement.</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 0; text-indent: 0.25in">&ldquo;<I>Restricted Share Unit</I>&rdquo; means
a contractual right granted to an Eligible Person under Section&nbsp;9 hereof representing notional unit interests equal in value to a
Common Share to be paid or distributed at such times, and subject to such conditions, as set forth in the Plan and the applicable Award
Agreement.</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 0; text-indent: 0.25in">&ldquo;<I>Securities Act</I>&rdquo; means the
Securities Act of 1933, as amended, and the rules&nbsp;and regulations promulgated thereunder, as the same may be amended 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 0; text-indent: 0.25in">&ldquo;<I>Service</I>&rdquo; means a Participant&rsquo;s
employment with the Company or any Subsidiary or a Participant&rsquo;s service as a Non-Employee Director, consultant or other service
provider with the Company or any Subsidiary, as applicable.</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 0; text-indent: 0.25in">&ldquo;<I>Share Appreciation Right</I>&rdquo;
means a contractual right granted to an Eligible Person under Section&nbsp;7 hereof entitling such Eligible Person to receive a payment,
representing the excess of the Fair Market Value of a Common Share over the base price per share of the right, at such time, and subject
to such conditions, as are set forth in the Plan and the applicable Award Agreement.</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 0; text-indent: 0.25in">&ldquo;<I>Share Awards</I>&rdquo; means a grant
of Common Shares to an Eligible Person under Section&nbsp;11 hereof.</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 0; text-indent: 0.25in">&ldquo;<I>Stock Option</I>&rdquo; means a contractual
right granted to an Eligible Person under Section&nbsp;6 hereof to purchase Common Shares at such time and price, and subject to such
conditions, as are set forth in the Plan and the applicable Award Agreement.</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 0; text-indent: 0.25in">&ldquo;<I>Subsidiary</I>&rdquo; means an entity
(whether or not a corporation) that is wholly or majority owned or controlled, directly or indirectly, by the Company or any other Affiliate
of the Company that is so designated, from time to time, by the Committee, during the period of such Affiliated status; <U>provided</U>,
<U>however</U>, that with respect to Incentive Stock Options, the term &ldquo;Subsidiary&rdquo; shall include only an entity that qualifies
under Section&nbsp;424(f)&nbsp;of the Code as a &ldquo;subsidiary corporation&rdquo; with respect to 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 0; text-indent: 0.25in">&ldquo;<I>Treasury Regulations</I>&rdquo; means
regulations promulgated by the United States Treasury Department.</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">3.</TD><TD STYLE="text-align: justify"><U>Administration</U>.</TD>
</TR></TABLE>

<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 0; text-indent: 0.25in">3.1&nbsp;&nbsp;<I>Committee
Members</I>. The Plan shall be administered by a Committee comprised of no fewer than two members of the Board who are appointed by the
Board to administer the Plan. To the extent deemed necessary by the Board, each Committee member shall satisfy the requirements for (i)&nbsp;an
 &ldquo;independent director&rdquo; under rules&nbsp;adopted by the New York Stock Exchange or other principal exchange on which the Common
Shares are then listed and (ii)&nbsp;a &ldquo;nonemployee director&rdquo; within the meaning of Rule&nbsp;16b-3 under the Exchange Act.
Notwithstanding the foregoing, the mere fact that a Committee member shall fail to qualify under any of the foregoing requirements shall
not invalidate any Award made by the Committee which Award is otherwise validly made under the Plan. The Board may exercise all powers
of the Committee hereunder and may directly administer the Plan. Neither the Company nor any member of the Board or Committee shall be
liable for any action or determination made in good faith by the Board or Committee with respect to the Plan or any Award thereunder.</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 0; text-indent: 0.25in">3.2&nbsp;&nbsp;<I>Committee
Authority</I>. The Committee shall have all powers and discretion necessary or appropriate to administer the Plan and to control its operation,
including, but not limited to, the power to (i)&nbsp;determine the Eligible Persons to whom Awards shall be granted under the Plan, (ii)&nbsp;prescribe
the restrictions, terms and conditions of all Awards, (iii)&nbsp;interpret the Plan and terms of the Awards, (iv)&nbsp;adopt rules&nbsp;for
the administration, interpretation and application of the Plan as are consistent therewith, and interpret, amend or revoke any such rules,
(v)&nbsp;make all determinations with respect to a Participant&rsquo;s Service and the termination of such Service for purposes of any
Award, (vi)&nbsp;correct any defect(s)&nbsp;or omission(s)&nbsp;or reconcile any ambiguity(ies) or inconsistency(ies) in the Plan or any
Award thereunder, (vii)&nbsp;make all determinations it deems advisable for the administration of the Plan, (viii)&nbsp;decide all disputes
arising in connection with the Plan and to otherwise supervise the administration of the Plan, (ix)&nbsp;subject to the terms of the Plan,
amend the terms of an Award in any manner that is not inconsistent with the Plan, (x)&nbsp;accelerate the vesting or, to the extent applicable,
exercisability of any Award upon termination of Service under certain circumstances, as set forth in the Award Agreement or otherwise,
and (xi)&nbsp;adopt such procedures, modifications or subplans as are necessary or appropriate to permit participation in the Plan by
Eligible Persons who are foreign nationals or employed outside of the United States. The Committee&rsquo;s determinations under the Plan
need not be uniform and may be made by the Committee selectively among Participants and Eligible Persons, whether or not such persons
are similarly situated. The Committee shall, in its discretion, consider such factors as it deems relevant in making its interpretations,
determinations and actions under the Plan including, without limitation, the recommendations or advice of any officer or employee of the
Company or such attorneys, consultants, accountants or other advisors as it may select. All interpretations, determinations, and actions
by the Committee shall be final, conclusive, and binding upon all parties.</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 0; text-indent: 0.25in">3.3&nbsp;&nbsp;<I>Delegation
of Authority</I>. The Committee shall have the right, from time to time, to delegate in writing to one or more officers of the Company
the authority of the Committee to grant and determine the terms and conditions of Awards granted under the Plan, subject to such limitations
as the Committee shall determine. In no event shall any such delegation of authority be permitted with respect to Awards granted to any
member of the Board or to any Eligible Person who is subject to Rule&nbsp;16b-3 under the Exchange Act. The Committee shall also be permitted
to delegate, to any appropriate officer or employee of the Company, responsibility for performing certain ministerial functions under
the Plan. In the event that the Committee&rsquo;s authority is delegated to officers or employees in accordance with the foregoing, all
provisions of the Plan relating to the Committee shall be interpreted in a manner consistent with the foregoing by treating any such reference
as a reference to such officer or employee for such purpose. Any action undertaken in accordance with the Committee&rsquo;s delegation
of authority hereunder shall have the same force and effect as if such action was undertaken directly by the Committee and shall be deemed
for all purposes of the Plan to have been taken by the Committee.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">4.</TD><TD STYLE="text-align: justify"><U>Shares Subject to the Plan</U>.</TD>
</TR></TABLE>

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

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">4.1&nbsp;&nbsp;&nbsp;&nbsp;<I>Number of Shares Reserved</I>.&emsp;Subject to adjustment
as provided in Section&nbsp;4.4 hereof, the total number of Common Shares that are reserved for issuance under the Plan (the &ldquo;<I>Share
Reserve</I>&rdquo;) shall equal 59,922,931. Within the Share Reserve, the total number of Common Shares available for issuance as Incentive
Stock Options shall equal 10,000,000. Each Common Share subject to an Award shall reduce the Share Reserve by the applicable number of
shares set forth in Section&nbsp;4.3; <U>provided</U>, <U>however</U>, that Awards that are required to be paid in cash pursuant to their
terms shall not reduce the Share Reserve. Any Common Shares delivered under the Plan shall consist of authorized and unissued shares or
treasury shares.</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 0; text-indent: 0.25in">4.2 &nbsp;&nbsp;&nbsp;<I>Share Replenishment</I>.
To the extent that an Award granted under this Plan is canceled, expired, forfeited, surrendered, settled by delivery of fewer Common
Shares than the number underlying the Award, as applicable, or otherwise terminated without delivery of the Common Shares or payment of
consideration to the Participant under the Plan, the Common Shares retained by or returned to the Company will (i)&nbsp;not be deemed
to have been delivered under the Plan, as applicable, (ii)&nbsp;be available for future Awards under the Plan, and (iii)&nbsp;increase
the Share Reserve by the applicable number of shares set forth in Section&nbsp;4.3 for each share that is retained by or returned to the
Company. Notwithstanding the foregoing, Common Shares that are (a)&nbsp;withheld from an Award in payment of the exercise, base or purchase
price or taxes relating to such an Award or (b)&nbsp;not issued or delivered as a result of the net settlement of an outstanding Stock
Option, Share Appreciation Right or other Award under the Plan, as applicable, will be deemed to have been delivered under the Plan and
will not be available for future Awards under the Plan.</P>

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

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<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 0; text-indent: 0.25in">4.3 &nbsp;&nbsp;&nbsp;<I>Fungible Share Pool</I>.
Subject to adjustment under Section&nbsp;4.4, any Award that is not a Full-Value Award (as defined below) shall be counted against the
Share Reserve as one share for each Common Share subject to such Award and any Award that is a Full-Value Award shall be counted against
the Share Reserve as 2.83 shares for each Common Share subject to such Full-Value Award. &ldquo;<I>Full-Value Award</I>&rdquo; means
any Restricted Share Award, Award of Restricted Share Units (including Performance Units) or Share Award. To the extent a Common Share
that was subject to an Award that counted as one share is returned to the Share Reserve, the Share Reserve will be credited with one
share. To the extent that a Common Share that was subject to an Award that counts as 2.83 shares is returned to the Share Reserve, the
Share Reserve will be credited with 2.83 shares.</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 0; text-indent: 0.25in">4.4 &nbsp;&nbsp;&nbsp;<I>Adjustments</I>.
If there shall occur any change with respect to the outstanding Common Shares by reason of any recapitalization, reclassification, share
dividend, extraordinary dividend, share split, reverse share split or other distribution with respect to the Common Shares or any merger,
reorganization, consolidation, combination, spin-off or other corporate event or transaction or any other change affecting the Common
Shares (other than regular cash dividends to shareholders of the Company), the Committee shall, in the manner and to the extent it considers
appropriate and equitable to the Participants and consistent with the terms of the Plan, cause an adjustment to be made to (i)&nbsp;the
maximum number and kind of Common Shares provided in Section&nbsp;4.1 hereof, (ii)&nbsp;the number and kind of Common Shares, units or
other securities or rights subject to then outstanding Awards, (iii)&nbsp;the exercise, base or purchase price for each share or unit
or other security or right subject to then outstanding Awards, (iv)&nbsp;other value determinations applicable to the Plan and/or outstanding
Awards, and/or (v)&nbsp;any other terms of an Award that are affected by the event. Notwithstanding the foregoing, (a)&nbsp;any such adjustments
shall, to the extent necessary, be made in a manner consistent with the requirements of Section&nbsp;409A of the Code and (b)&nbsp;in
the case of Incentive Stock Options, any such adjustments shall, to the extent practicable, be made in a manner consistent with the requirements
of Section&nbsp;424(a)&nbsp;of the Code, unless otherwise determined by the Committee.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">5.</TD><TD STYLE="text-align: justify"><U>Eligibility and Awards</U>.</TD>
</TR></TABLE>

<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 0; text-indent: 0.25in">5.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Designation
of Participants</I>. Any Eligible Person may be selected by the Committee to receive an Award and become a Participant. The Committee
has the authority, in its discretion, to determine and designate from time to time those Eligible Persons who are to be granted Awards,
the types of Awards to be granted, the number of Common Shares or units subject to Awards to be granted and the terms and conditions of
such Awards consistent with the terms of the Plan. In selecting Eligible Persons to be Participants, and in determining the type and amount
of Awards to be granted under the Plan, the Committee shall consider any and all factors that it deems relevant or appropriate. Designation
of a Participant in any year shall not require the Committee to designate such person to receive an Award in any other year or, once designated,
to receive the same type or amount of Award as granted to such Participant in any other year.</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 0; text-indent: 0.25in">5.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Determination
of Awards</I>. The Committee shall determine the terms and conditions of all Awards granted to Participants in accordance with its authority
under Section&nbsp;3.2 hereof. An Award may consist of one type of right or benefit hereunder or of two or more such rights or benefits
granted in tandem.</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 0; text-indent: 0.25in">5.3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Award Agreements</I>.
Each Award granted to an Eligible Person shall be represented by an Award Agreement. The terms of the Award, as determined by the Committee,
will be set forth in the applicable Award Agreement as described in Section&nbsp;16.2 hereof.</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 0; text-indent: 0.25in">5.4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Minimum Vesting
Period</I>. Notwithstanding anything in the Plan or any Award Agreement to the contrary, no equity-based Award may vest in less than one
(1)&nbsp;year from its Date of Grant, and no equity-based Award that vests upon the attainment of performance goals shall have a performance
period that is less than twelve (12) months, in each case, except for (i)&nbsp;Awards in respect of up to 5% of the Share Reserve; and
(ii)&nbsp;Awards that vest upon the death or Disability of the Participant, or upon a Change in Control.</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 0; text-indent: 0.25in">6. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Stock Options</U>.</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 0; text-indent: 0.25in">6.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Grant of
Stock Options</I>. A Stock Option may be granted to any Eligible Person selected by the Committee, except that an Incentive Stock Option
may only be granted to an Eligible Person satisfying the conditions of Section&nbsp;6.7(a)&nbsp;hereof. Each Stock Option shall be designated
on the Date of Grant, in the discretion of the Committee, as an Incentive Stock Option or as a Nonqualified Stock Option. All Stock Options
granted under the Plan are intended to comply with or be exempt from the requirements of Section&nbsp;409A of the Code, to the extent
applicable.</P>

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

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<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 0; text-indent: 0.25in">6.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Exercise
Price</I>. The exercise price per share of a Stock Option shall not be less than one hundred percent (100%) of the Fair Market Value of
a Common Share on the Date of Grant. The Committee may in its discretion specify an exercise price per share that is higher than the Fair
Market Value of a Common Share on the Date of Grant.</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 0; text-indent: 0.25in">6.3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Vesting of
Stock Options</I>. Subject to Section&nbsp;5.4, the Committee shall, in its discretion, prescribe in an award agreement the time or times
at which or the conditions upon which, a Stock Option or portion thereof shall become vested and/or exercisable. The requirements for
vesting and exercisability of a Stock Option may be based on the continued Service of the Participant with the Company or a Subsidiary
for a specified time period (or periods), on the attainment of a specified performance goal(s)&nbsp;and/or on such other terms and conditions
as approved by the Committee in its discretion. If the vesting requirements of a Stock Option are not satisfied, the Award shall be forfeited.</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 0; text-indent: 0.25in">6.4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Term of Stock
Options</I>. The Committee shall in its discretion prescribe in an Award Agreement the period during which a vested Stock Option may be
exercised; <U>provided</U>, <U>however</U>, that the maximum term of a Stock Option shall be ten (10)&nbsp;years from the Date of Grant.
The Committee may provide that a Stock Option will cease to be exercisable upon or at the end of a specified time period following a termination
of Service for any reason as set forth in the Award Agreement or otherwise. A Stock Option may be earlier terminated as specified by the
Committee and set forth in an Award Agreement upon or following the termination of a Participant&rsquo;s Service with the Company or any
Subsidiary, including by reason of voluntary resignation, death, Disability, termination for Cause or any other reason. Subject to Section&nbsp;409A
of the Code and the provisions of this Section&nbsp;6, the Committee may extend at any time the period in which a Stock Option may be
exercised.</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 0; text-indent: 0.25in">6.5 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Stock Option
Exercise; Tax Withholding</I>. Stock Options may be granted on a basis that allows for the exercise of the right by the Participant, or
that requires the Stock Options to be exercised or surrendered for payment of the right upon a specified date or event. Subject to such
terms and conditions as specified in an Award Agreement (including applicable vesting requirements), a Stock Option may be exercised in
whole or in part at any time during the term thereof by notice in the form required by the Company, together with payment of the aggregate
exercise price and applicable withholding tax. Payment of the exercise price may be made: (i)&nbsp;in cash or by cash equivalent acceptable
to the Committee, or, (ii)&nbsp;to the extent permitted by the Committee in its sole discretion in an Award Agreement or otherwise (A)&nbsp;in
Common Shares valued at the Fair Market Value of such shares on the date of exercise, (B)&nbsp;through an open-market, broker-assisted
sales transaction pursuant to which the Company is promptly delivered the amount of proceeds necessary to satisfy the exercise price,
(C)&nbsp;by reducing the number of Common Shares otherwise deliverable upon the exercise of the Stock Option by the number of Common Shares
having a Fair Market Value on the date of exercise equal to the exercise price, (D)&nbsp;by a combination of the methods described above
or (E)&nbsp;by such other method as may be approved by the Committee. In accordance with Section&nbsp;16.11 hereof, and in addition to
and at the time of payment of the exercise price, the Participant shall pay to the Company the full amount of any and all applicable income
tax, employment tax and other amounts required to be withheld in connection with such exercise, payable under such of the methods described
above for the payment of the exercise price as may be approved by the Committee and set forth in the Award Agreement.</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 0; text-indent: 0.25in">6.6 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Limited Transferability
of Nonqualified Stock Options</I>. All Stock Options shall be nontransferable except (i)&nbsp;upon the Participant&rsquo;s death, in accordance
with Section&nbsp;16.3 hereof or (ii)&nbsp;in the case of Nonqualified Stock Options only, for the transfer of all or part of the Stock
Option to a Participant&rsquo;s &ldquo;family member&rdquo; (as defined for purposes of the Form&nbsp;S-8 registration statement under
the Securities Act), in each case as may be approved by the Committee in its discretion at the time of proposed transfer. The transfer
of a Nonqualified Stock Option may be subject to such terms and conditions as the Committee may in its discretion impose from time to
time. Subsequent transfers of a Nonqualified Stock Option shall be prohibited other than in accordance with Section&nbsp;16.3 hereof.</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 0; text-indent: 0.25in">6.7 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Additional
Rules&nbsp;for Incentive Stock Options</I>.</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 0 0pt 0.25in; text-indent: 0.25in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Eligibility</I>.
An Incentive Stock Option may only be granted to an Eligible Person who is considered an employee for purposes of Treasury Regulation
Section&nbsp;1.421-1(h)&nbsp;with respect to the Company or any Subsidiary that qualifies as a &ldquo;subsidiary corporation&rdquo; with
respect to the Company for purposes of Section&nbsp;424(f)&nbsp;of the Code.</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 0 0pt 0.25in; text-indent: 0.25in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Annual
Limits</I>. No Incentive Stock Option shall be granted to a Participant as a result of which the aggregate Fair Market Value (determined
as of the Date of Grant) of the Common Shares with respect to which incentive Stock Options under Section&nbsp;422 of the Code are exercisable
for the first time in any calendar year under the Plan and any other Stock Option plans of the Company, would exceed $100,000, determined
in accordance with Section&nbsp;422(d)&nbsp;of the Code. This limitation shall be applied by taking Stock Options into account in the
order in which granted. Any Stock Option grant that exceeds such limit shall be treated as a Nonqualified Stock Option.</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 0 0pt 0.25in; text-indent: 0.25in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Additional
Limitations</I>. In the case of any Incentive Stock Option granted to an Eligible Person who owns, either directly or indirectly (taking
into account the attribution rules&nbsp;contained in Section&nbsp;424(d)&nbsp;of the Code), shares possessing more than ten percent (10%)
of the total combined voting power of all classes of shares of the Company or any Subsidiary, the exercise price shall not be less than
one hundred ten percent (110%) of the Fair Market Value of a Common Share on the Date of Grant and the maximum term shall be five (5)&nbsp;years.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.25in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Termination
of Service</I>. An Award of an Incentive Stock Option may provide that such Stock Option may be exercised not later than (i)&nbsp;three
(3)&nbsp;months following termination of Service of the Participant with the Company and all Subsidiaries (other than as set forth in
clause (ii)&nbsp;of this Section&nbsp;6.7(d)) or (ii)&nbsp;one year following termination of Service of the Participant with the Company
and all Subsidiaries due to death or permanent and total disability within the meaning of Section&nbsp;22(e)(3)&nbsp;of the Code, in each
case as and to the extent determined by the Committee to comply with the requirements of Section&nbsp;422 of the Code.</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 0 0pt 0.25in; text-indent: 0.25in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Other
Terms and Conditions; Nontransferability</I>. Any Incentive Stock Option granted hereunder shall contain such additional terms and conditions,
not inconsistent with the terms of the Plan, as are deemed necessary or desirable by the Committee, which terms, together with the terms
of the Plan, shall be intended and interpreted to cause such Incentive Stock Option to qualify as an &ldquo;incentive stock option&rdquo;
under Section&nbsp;422 of the Code. A Stock Option that is granted as an Incentive Stock Option shall, to the extent it fails to qualify
as an &ldquo;incentive stock option&rdquo; under the Code, be treated as a Nonqualified Stock Option. An Incentive Stock Option shall
by its terms be nontransferable other than by will or by the laws of descent and distribution, and shall be exercisable during the lifetime
of a Participant only by such Participant.</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 0 0pt 0.25in; text-indent: 0.25in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Disqualifying
Dispositions</I>. If Common Shares acquired by exercise of an Incentive Stock Option are disposed of within two years following the Date
of Grant or one year following the transfer of such shares to the Participant upon exercise, the Participant shall, promptly following
such disposition, notify the Company in writing of the date and terms of such disposition and provide such other information regarding
the disposition as the Company may reasonably require.</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 0; text-indent: 0.25in">6.8 &nbsp;&nbsp;&nbsp;<I>Repricing Prohibited.
</I>Subject to the adjustment provisions contained in Section&nbsp;4.4 hereof, without the prior approval of the Company&rsquo;s shareholders,
neither the Committee nor the Board shall cancel a Stock Option when the exercise price per share exceeds the Fair Market Value of one
Common Share in exchange for cash or another Award (other than in connection with a Change in Control) or cause the cancellation, substitution
or amendment of a Stock Option that would have the effect of reducing the exercise price of such a Stock Option previously granted under
the Plan or otherwise approve any modification to such a Stock Option, that would be treated as a &ldquo;repricing&rdquo; under the then
applicable rules, regulations or listing requirements adopted by the New York Stock Exchange or other principal exchange on which the
Common Shares are then listed.</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 0; text-indent: 0.25in">6.9 &nbsp;&nbsp;&nbsp;<I>Dividend Equivalent Rights.
</I>Dividends and dividend equivalent rights shall not be paid or granted with respect to Stock Options.</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 0; text-indent: 0.25in">6.10 &nbsp;<I>No Rights as Shareholder</I>. The
Participant shall not have any rights as a shareholder with respect to the shares underlying a Stock Option until such time as Common
Shares are delivered to the Participant pursuant to the terms of the Award Agreement.</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 0; text-indent: 0.25in">7. &nbsp;&nbsp;&nbsp;<U>Share Appreciation Rights</U>.</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 0; text-indent: 0.25in">7.1 &nbsp;<I>Grant of Share Appreciation Rights</I>.
Share Appreciation Rights may be granted to any Eligible Person selected by the Committee. Share Appreciation Rights may be granted on
a basis that allows for the exercise of the right by the Participant, or that provides for the automatic exercise or payment of the right
upon a specified date or event. Share Appreciation Rights shall be non-transferable, except as provided in Section&nbsp;16.3 hereof. All
Share Appreciation Rights granted under the Plan are intended to comply with or otherwise be exempt from the requirements of Section&nbsp;409A
of the Code, to the extent applicable.</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 0; text-indent: 0.25in">7.2 &nbsp;&nbsp;&nbsp;<I>Terms of Share Appreciation
Rights</I>. Subject to Section&nbsp;5.4, the Committee shall in its discretion provide in an Award Agreement the time or times at which
or the conditions upon which, a Share Appreciation Right or portion thereof shall become vested and/or exercisable. The requirements for
vesting and exercisability of a Share Appreciation Right may be based on the continued Service of a Participant with the Company or a
Subsidiary for a specified time period (or periods), on the attainment of a specified performance goal(s)&nbsp;and/or on such other terms
and conditions as approved by the Committee in its discretion. If the vesting requirements of a Share Appreciation Right are not satisfied,
the Award shall be forfeited. A Share Appreciation Right will be exercisable or payable at such time or times as determined by the Committee;
<U>provided</U>, <U>however</U>, that the maximum term of a Share Appreciation Right shall be ten (10)&nbsp;years from the Date of Grant.
The Committee may provide that a Share Appreciation Right will cease to be exercisable upon or at the end of a period following a termination
of Service for any reason. The base price of a Share Appreciation Right shall be determined by the Committee in its discretion; <U>provided</U>,
<U>however</U>, that the base price per share shall not be less than one hundred percent (100%) of the Fair Market Value of a Common Share
on the Date of Grant.</P>

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

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<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 0; text-indent: 0.25in">7.3&nbsp;&nbsp;&nbsp;<I>Payment
of Share Appreciation Rights</I>. A Share Appreciation Right will entitle the holder, upon exercise or other payment of the Share Appreciation
Right, as applicable, to receive an amount determined by multiplying: (i)&nbsp;the excess of the Fair Market Value of a Common Share on
the date of exercise or payment of the Share Appreciation Right over the base price of such Share Appreciation Right, by (ii)&nbsp;the
number of shares as to which such Share Appreciation Right is exercised or paid. Payment of the amount determined under the foregoing
may be made, as approved by the Committee and set forth in the Award Agreement, in Common Shares valued at their Fair Market Value on
the date of exercise or payment, in cash or in a combination of Common Shares and cash, subject to applicable tax withholding requirements.</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 0; text-indent: 0.25in">7.4&nbsp;&nbsp;&nbsp;<I>Repricing
Prohibited</I>. Subject to the adjustment provisions contained in Section&nbsp;4.4 hereof, without the prior approval of the Company&rsquo;s
shareholders, neither the Committee nor the Board shall cancel a Share Appreciation Right when the base price per share exceeds the Fair
Market Value of one Common Share in exchange for cash or another Award (other than in connection with a Change in Control) or cause the
cancellation, substitution or amendment of a Share Appreciation Right that would have the effect of reducing the base price of such a
Share Appreciation Right previously granted under the Plan or otherwise approve any modification to such Share Appreciation Right that
would be treated as a &ldquo;repricing&rdquo; under the then applicable rules, regulations or listing requirements adopted by the New
York Stock Exchange or other principal exchange on which the Common Shares are then listed.</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 0; text-indent: 0.25in">7.5&nbsp;&nbsp;&nbsp;<I>Dividend
Equivalent Rights. </I>Dividends and dividend equivalent rights shall not be paid or provided with respect to Share Appreciation Rights.</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 0; text-indent: 0.25in">7.6&nbsp;&nbsp;&nbsp;Dividends
shall not be paid with respect to Share Appreciation Rights. Dividend equivalent rights may be granted with respect to the Common Shares
subject to Share Appreciation Rights to the extent permitted by the Committee and set forth in the Award Agreement. Any dividend equivalent
rights accumulated with respect to a Share Appreciation Right shall not be paid until, and only to the extent that, the Award vests, unless
otherwise provided in the Award Agreement. Dividend equivalent rights may be subject to forfeiture under the same conditions as apply
to the underlying Share Appreciation Rights.</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 0; text-indent: 0.25in">8.&nbsp;&nbsp;&nbsp;<U>Restricted
Share Awards</U>.</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 0; text-indent: 0.25in">8.1&nbsp;&nbsp;&nbsp;<I>Grant
of Restricted Share Awards</I>. A Restricted Share Award may be granted to any Eligible Person selected by the Committee.</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 0; text-indent: 0.25in">8.2&nbsp;&nbsp;&nbsp;<I>Vesting
Requirements</I>. Subject to Section&nbsp;5.4, the restrictions imposed on shares granted under a Restricted Share Award shall lapse in
accordance with the vesting requirements specified by the Committee in the Award Agreement. The requirements for vesting of a Restricted
Share Award may be based on the continued Service of the Participant with the Company or a Subsidiary for a specified time period (or
periods), on the attainment of a specified performance goal(s)&nbsp;and/or on such other terms and conditions as approved by the Committee
in its discretion. If the vesting requirements of a Restricted Share Award are not satisfied, the Award shall be forfeited and the Common
Shares subject to the Award shall be returned to 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 0; text-indent: 0.25in">8.3&nbsp;&nbsp;&nbsp;<I>Transfer
Restrictions</I>. Shares granted under any Restricted Share Award may not be transferred, assigned or subject to any encumbrance, pledge
or charge until all applicable restrictions are removed or have expired, except as provided in Section&nbsp;16.3 hereof. Failure to satisfy
any applicable restrictions shall result in the subject shares of the Restricted Share Award being forfeited and returned to the Company.
The Committee may require in an Award Agreement that certificates (if any) representing the shares granted under a Restricted Share Award
bear a legend making appropriate reference to the restrictions imposed, and that certificates (if any) representing the shares granted
or sold under a Restricted Share Award will remain in the physical custody of an escrow holder until all restrictions are removed or have
expired.</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 0; text-indent: 0.25in">8.4&nbsp;&nbsp;&nbsp;&nbsp;<I>Rights
as Shareholder</I>. Subject to the foregoing provisions of this Section&nbsp;8 and the applicable Award Agreement, the Participant shall
have all rights of a shareholder with respect to the shares granted to the Participant under a Restricted Share Award, including the right
to vote the shares and receive all dividends and other distributions paid or made with respect thereto, unless the Committee determines
otherwise at the time the Restricted Share Award is granted.</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 0; text-indent: 0.25in">8.5&nbsp;&nbsp;&nbsp;&nbsp;<I>Section&nbsp;83(b)&nbsp;Election</I>.
If a Participant makes an election pursuant to Section&nbsp;83(b)&nbsp;of the Code with respect to a Restricted Share Award, the Participant
shall file, within thirty (30) days following the Date of Grant, a copy of such election with the Company and with the Internal Revenue
Service, in accordance with the regulations under Section&nbsp;83 of the Code. The Committee may provide in an Award Agreement that the
Restricted Share Award is conditioned upon the Participant&rsquo;s making or refraining from making an election with respect to the Award
under Section&nbsp;83(b)&nbsp;of the Code.</P>

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

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<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 0; text-indent: 0.25in">9.&nbsp;&nbsp;&nbsp;<U>Restricted
Share Units (including Performance Units)</U>.</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 0; text-indent: 0.25in">9.1&nbsp;&nbsp;&nbsp;<I>Grant
of Restricted Share Units and Performance Units</I>. A Restricted Share Unit or Performance Unit may be granted to any Eligible Person
selected by the Committee. The value of each Restricted Share Unit or Performance Unit is equal to the Fair Market Value of a Common Share
on the applicable date or time period of determination, as specified by the Committee. Restricted Share Units and Performance Units shall
be subject to such restrictions and conditions as the Committee shall determine. Restricted Share Units and Performance Units shall be
non-transferable, except as provided in Section&nbsp;16.3 hereof.</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 0; text-indent: 0.25in">9.2&nbsp;&nbsp;&nbsp;<I>Vesting.
</I>The Subject to Section&nbsp;5.4, the Committee shall, in its discretion, determine any vesting requirements with respect to Restricted
Share Units and Performance Units, which shall be set forth in the Award Agreement. If the vesting requirements of a Restricted Share
Unit Award or Performance Unit Award are not satisfied, the Award shall be forfeited.</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 0 0pt 0.25in; text-indent: 0.25in">(a)&nbsp;&nbsp;&nbsp;<I>Restricted
Share Units. </I>The requirements for vesting of a Restricted Share Unit may be based on the continued Service of the Participant with
the Company or a Subsidiary for a specified time period (or periods) and/or on such other terms and conditions as approved by the Committee
in its discretion.</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 0 0pt 0.25in; text-indent: 0.25in">(b)&nbsp;&nbsp;&nbsp;<I>Performance
Units</I>. The requirements for vesting of a Performance Unit may be based on the continued Service of the Participant with the Company
or a Subsidiary for a specified time period (or periods), on the attainment of a specified performance goal(s)&nbsp;and/or on such other
terms and conditions as approved by the Committee in its discretion.</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 0; text-indent: 0.25in">9.3&nbsp;&nbsp;&nbsp;&nbsp;<I>Payment
of Restricted Share Units and Performance Units</I>. Restricted Share Units and Performance Units shall become payable to a Participant
at the time or times determined by the Committee and set forth in the Award Agreement, which may be upon or following the vesting of the
Award. Payment of a Restricted Share Unit or Performance Unit may be made, as approved by the Committee and set forth in the Award Agreement,
in cash or in Common Shares or in a combination thereof, subject to applicable tax withholding requirements. Any cash payment of a Restricted
Share Unit or Performance Unit shall be made based upon the Fair Market Value of a Common Share, determined on such date or over such
time period as determined by the Committee.</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 0; text-indent: 0.25in">9.4&nbsp;&nbsp;&nbsp;<I>Dividend
Equivalent Rights. </I>Restricted Share Units and Performance Units may be granted together with a dividend equivalent right with respect
to the Common Shares subject to the Award, which may be accumulated and may be satisfied in additional Restricted Share Units and Performance
Units that are subject to the same terms and conditions of the applicable Restricted Share Units and Performance Units or may be accumulated
in cash, as determined by the Committee in its discretion. Any dividend equivalent rights accumulated with respect to a Restricted Share
Unit or Performance Unit shall not be paid until, and only to the extent that, the Award vests, unless otherwise provided in the Award
Agreement. Dividend equivalent rights may be subject to forfeiture under the same conditions as apply to the underlying Restricted Share
Units and Performance Units.</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 0; text-indent: 0.25in">9.5&nbsp;&nbsp;&nbsp;<I>No
Rights as Shareholder</I>. The Participant shall not have any rights as a shareholder with respect to the shares subject to a Restricted
Share Unit or Performance Unit until such time as Common Shares are delivered to the Participant pursuant to the terms of the Award Agreement.</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 0; text-indent: 0.25in">10.&nbsp;&nbsp;&nbsp;<U>Cash
Incentive Awards</U>.</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 0; text-indent: 0.25in">10.1 <I>Grant of Cash Incentive Awards</I>. A
Cash Incentive Award may be granted to any Eligible Person selected by the Committee. A Cash Incentive Award may be evidenced by an Award
Agreement specifying the performance period and such other terms and conditions as the Committee, in its discretion, shall determine.
Cash Incentive Awards shall be non-transferable, except as provided in Section&nbsp;16.3 hereof.</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 0; text-indent: 0.25in">10.2 <I>Payment</I>. Payment amounts may be based
on the attainment of specified levels of performance goals, including, if applicable, specified threshold, target and maximum performance
levels, and performance falling between such levels. The requirements for payment may be also based upon the continued Service of the
Participant with the Company or a Subsidiary during the respective performance period and on such other conditions as determined by the
Committee. The Committee shall determine the attainment of the performance goals, the level of vesting or amount of payment to the Participant
pursuant to Cash Incentive Awards, if any. Cash Incentive Awards may be paid, at the discretion of the Committee, in any combination of
cash or Common Shares, based upon the Fair Market Value of such shares at the time of payment.</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 0; text-indent: 0.25in">11.&nbsp;&nbsp;&nbsp;<U>Share Awards</U>.</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 0; text-indent: 0.25in">11.1&nbsp;&nbsp;&nbsp;<I>Grant of Share Awards</I>.
A Share Award may be granted to any Eligible Person selected by the Committee. A Share Award may be granted for past Services, in lieu
of bonus or other cash compensation, as directors&rsquo; compensation or for any other valid purpose as determined by the Committee. The
Committee shall determine the terms and conditions of such Awards, and, subject to Section&nbsp;5.4, the such Awards may be made without
vesting requirements. In addition, the Committee may, in connection with any Share Award, require the payment of a specified purchase
price.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">11.2&nbsp;&nbsp;&nbsp;<I>Rights as Shareholder</I>.
Subject to the foregoing provisions of this Section&nbsp;11 and the applicable Award Agreement, upon the issuance of Common Shares under
a Share Award the Participant shall have all rights of a shareholder with respect to the Common Shares, including the right to vote the
shares and receive all dividends and other distributions paid or made with respect thereto.</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 0; text-indent: 0.25in">12.&nbsp;&nbsp;&nbsp;<U>Change in Control</U>.</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 0; text-indent: 0.25in">12.1&nbsp;&nbsp;<I>Effect on Awards</I>. Upon
the occurrence of a Change in Control, all outstanding Awards shall either (a)&nbsp;be continued or assumed by the Company (if it is the
surviving company or corporation) or by the surviving company or corporation or its parent (with such continuation or assumption including
conversion into the right to receive securities, cash or a combination of both), or (b)&nbsp;substituted by the surviving company or corporation
or its parent of awards (with such substitution including conversion into the right to receive securities, cash or a combination of both),
with substantially similar terms for outstanding Awards (with appropriate adjustments to the type of consideration payable upon settlement
of the Awards or other relevant factors, and with any applicable performance conditions adjusted pursuant to Section&nbsp;13 or deemed
achieved at the greater of the target level or actual performance, as determined by the Committee (with the Award remaining subject only
to time vesting), unless otherwise provided in an Award Agreement).</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 0; text-indent: 0.25in">12.2&nbsp;&nbsp;<I>Certain Adjustments</I>. To
the extent that outstanding Awards are not continued, assumed or substituted pursuant to Section&nbsp;12.1 upon or following a Change
in Control, the Committee is authorized (but not obligated) to make adjustments in the terms and conditions of outstanding Awards, including
without limitation the following (or any combination thereof):</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 0 0pt 0.25in; text-indent: 0.25in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;acceleration
of exercisability, vesting and/or payment under outstanding Awards immediately prior to the occurrence of such event or upon or following
such event;</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 0 0pt 0.25in; text-indent: 0.25in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;upon
written notice, providing that any outstanding Stock Options and Share Appreciation Rights are exercisable during a period of time immediately
prior to the scheduled consummation of the event or such other period as determined by the Committee (contingent upon the consummation
of the event), and at the end of such period, such Stock Options and Share Appreciation Rights shall terminate to the extent not so exercised
within the relevant period; and</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 0 0pt 0.25in; text-indent: 0.25in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;cancellation
of all or any portion of outstanding Awards for fair value (in the form of cash, Common Shares, other property or any combination thereof)
as determined in the sole discretion of the Committee; <U>provided</U>, <U>however</U>, that, in the case of Stock Options and Share Appreciation
Rights or similar Awards, the fair value may equal the excess, if any, of the value or amount of the consideration to be paid in the Change
in Control transaction to holders of Common Shares (or, if no such consideration is paid, Fair Market Value of the Common Shares) over
the aggregate exercise or base price, as applicable, with respect to such Awards or portion thereof being canceled, or if there is no
such excess, zero; <U>provided</U>, <U>further</U>, that if any payments or other consideration are deferred and/or contingent as a result
of escrows, earn-outs, holdbacks or any other contingencies, payments under this provision may be made on substantially the same terms
and conditions applicable to, and only to the extent actually paid to, the holders of Common Shares in connection with the Change in Control.</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 0; text-indent: 0.25in">12.3&nbsp;&nbsp;&nbsp;<I>Certain Terminations
of Service</I>. Notwithstanding the provisions of Section&nbsp;12.1 and Section&nbsp;12.2, if a Participant&rsquo;s Service with the Company
and its Subsidiaries is terminated upon or within twenty four (24) months following a Change in Control by the Company without Cause or
by the Participant for Good Reason, the unvested portion (if any) of all outstanding Awards held by the Participant shall immediately
vest (and, to the extent applicable, become exercisable) and be paid in full upon such termination, with any applicable performance conditions
deemed achieved at the greater of the target level or actual performance, as determined by the Committee, unless otherwise provided in
an Award Agreement.</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 0; text-indent: 0.25in">12.4&nbsp;&nbsp;&nbsp;<I>Definition of Change
in Control. </I>Unless otherwise defined in an Award Agreement, &ldquo;<I>Change in Control</I>&rdquo; means, and shall be deemed to have
occurred, if:</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 0 0pt 0.25in; text-indent: 0.25in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
Person, excluding the Company, any of its Affiliates and any employee benefit plan of the Company or any of its Affiliates, is or becomes
the &ldquo;beneficial owner&rdquo; (as defined in Rules&nbsp;13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of securities
of the Company representing 20% or more of the combined voting power of the then outstanding voting securities entitled to vote generally
in the election of directors;</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 0 0pt 0.25in; text-indent: 0.25in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;consummation
of a reorganization, merger, consolidation or sale or other disposition of all or substantially all of the assets of the Company (a &ldquo;<I>Business
Combination</I>&rdquo;), in each case, unless, following such Business Combination, individuals and entities that were the beneficial
owners of outstanding voting securities entitled to vote generally in the election of directors of the Company immediately prior to such
Business Combination beneficially own, directly or indirectly, at least 60% of the combined voting power of the then outstanding voting
securities entitled to vote generally in the election of directors resulting from such Business Combination (including, without limitation,
an entity which, as a result of such transaction, owns all or substantially all of the Company or its assets either directly or through
one or more Subsidiaries or Affiliates) in substantially the same proportions as their ownership of such securities immediately prior
to such Business Combination;</P>

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

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<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 0 0pt 0.25in; text-indent: 0.25in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;during
any period of twenty-four (24) consecutive months, individuals who, at the beginning of such period, constitute the Board (the &ldquo;<I>Incumbent
Directors</I>&rdquo;) cease for any reason (including without limitation, as a result of a tender offer, proxy contest, merger or similar
transaction) to constitute at least a majority thereof; <U>provided</U> that, any individual becoming a director of the Company whose
appointment or election by the Board or nomination for election by the Company&rsquo;s shareholders was approved or recommended by a vote
of at least two-thirds of the Incumbent Directors shall also be considered an Incumbent Director; or</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 0 0pt 0.25in; text-indent: 0.25in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
consummation of a complete liquidation or dissolution 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 0">Notwithstanding the foregoing, to the extent necessary to comply with
Section&nbsp;409A of the Code with respect to the payment of &ldquo;nonqualified deferred compensation,&rdquo; &ldquo;Change in Control&rdquo;
shall be limited to a &ldquo;change in control event&rdquo; as defined under Section&nbsp;409A of the Code.</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 0; text-indent: 0.25in">12.5&nbsp;&nbsp;&nbsp;<I>Definition of Person</I>.
 &ldquo;<I>Person</I>&rdquo; means an individual, corporation, partnership, association, trust, unincorporated organization, limited liability
company or other legal entity. All references to Person shall include an individual Person or a group (as defined in Rule&nbsp;13d-5 under
the Exchange Act) of Persons.</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 0; text-indent: 0.25in">13.&nbsp;&nbsp;&nbsp;<U>Adjustment of Performance
Goals</U>. The Committee may provide for the performance goals to which an Award is subject, or the manner in which performance will be
measured against such performance goals, to be adjusted in such manner as it deems appropriate, including, without limitation, adjustments
to reflect charges for restructurings, non-operating income, the impact of corporate transactions or discontinued operations, events that
are unusual in nature or infrequent in occurrence and other non-recurring items, currency fluctuations, litigation or claim judgements,
settlements, and the effects of accounting or tax law changes. In addition, with respect to a Participant hired or promoted following
the beginning of a performance period, the Committee may determine to prorate the performance goals in respect of such Participant&rsquo;s
Awards for the partial performance period.</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 0; text-indent: 0.25in">14.&nbsp;&nbsp;&nbsp;<U>Forfeiture Events</U>.</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 0; text-indent: 0.25in">14.1 <I>General</I>. The Committee may specify
in an Award Agreement at the time of the Award that the Participant&rsquo;s rights, payments and benefits with respect to an Award are
subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise
applicable vesting or performance conditions of an Award. Such events may include, without limitation, termination of Service for Cause,
violation of laws, regulations or material Company policies, breach of noncompetition, non-solicitation, confidentiality or other restrictive
covenants that may apply to the Participant or other conduct by the Participant that is detrimental to the business or reputation 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 0; text-indent: 0.25in">14.2&nbsp;&nbsp;&nbsp;<I>Termination for Cause</I>;
<I>Treatment of Awards</I>. Unless otherwise provided by the Committee and set forth in an Award Agreement, if (i)&nbsp;a Participant&rsquo;s
Service with the Company or any Subsidiary shall be terminated for Cause or (ii)&nbsp;after termination of Service for any other reason,
the Committee determines in its discretion either that, (1)&nbsp;during the Participant&rsquo;s period of Service, the Participant engaged
in an act or omission which would have warranted termination of Service for Cause or (2)&nbsp;after termination, the Participant engages
in conduct that violates any continuing obligation or duty of the Participant in respect of the Company or any Subsidiary, such Participant&rsquo;s
rights, payments and benefits with respect to an Award shall be subject to cancellation, forfeiture and/or recoupment, as provided in
Section&nbsp;14.3 below. The Company shall have the power to determine whether the Participant has been terminated for Cause, the date
upon which such termination for Cause occurs, whether the Participant engaged in an act or omission which would have warranted termination
of Service for Cause or engaged in conduct that violated any continuing obligation or duty of the Participant in respect of the Company
or any Subsidiary. Any such determination shall be final, conclusive and binding upon all persons. In addition, if the Company shall reasonably
determine that a Participant has committed or may have committed any act which could constitute the basis for a termination of such Participant&rsquo;s
Service for Cause or violates any continuing obligation or duty of the Participant in respect of the Company or any Subsidiary, the Company
may suspend the Participant&rsquo;s rights to exercise any Stock Option or Share Appreciation Right, receive any payment or vest in any
right with respect to any Award pending a determination by the Company of whether an act or omission could constitute the basis for a
termination for Cause as provided in this Section&nbsp;14.2.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">14.3&nbsp;&nbsp;&nbsp;<I>Right of Recapture</I>.</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 0 0pt 0.25in; text-indent: 0.25in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>General</I>.
If at any time within one (1)&nbsp;year (or such longer time specified in an Award Agreement or other agreement with a Participant or
policy applicable to the Participant) after the date on which a Participant exercises a Stock Option or Share Appreciation Right or on
which a Share Award, Restricted Share Award, or Restricted Share Unit (including Performance Units) vests, is settled in shares or otherwise
becomes payable or on which a Cash Incentive Award is paid to a Participant, or on which income otherwise is realized or property is received
by a Participant in connection with an Award, (i)&nbsp;a Participant&rsquo;s Service is terminated for Cause, (ii)&nbsp;the Committee
determines in its discretion that the Participant is subject to any recoupment of benefits pursuant to the Company&rsquo;s compensation
recovery, &ldquo;clawback&rdquo; or similar policy, as may be in effect from time to time, or (iii)&nbsp;after a Participant&rsquo;s Service
terminates for any other reason, the Committee determines in its discretion either that, (1)&nbsp;during the Participant&rsquo;s period
of Service, the Participant engaged in an act or omission which would have warranted termination of the Participant&rsquo;s Service for
Cause or (2)&nbsp;after a Participant&rsquo;s termination of Service, the Participant engaged in conduct that violated any continuing
obligation or duty of the Participant in respect of the Company or any Subsidiary, then, at the sole discretion of the Committee, any
gain realized by the Participant from the exercise, vesting, payment, settlement or other realization of income or receipt of property
by the Participant in connection with an Award, shall be repaid by the Participant to the Company upon notice from the Company, subject
to applicable law. Such gain shall be determined as of the date or dates on which the gain is realized by the Participant, without regard
to any subsequent change in the Fair Market Value of a Common Share. To the extent not otherwise prohibited by law, the Company shall
have the right to offset the amount of such repayment obligation against any amounts otherwise owed to the Participant by the Company
(whether as wages, vacation pay or pursuant to any benefit plan or other compensatory arrangement).</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 0 0pt 0.25in; text-indent: 0.25in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Accounting
Restatement</I>. If a Participant receives compensation pursuant to an Award under the Plan based on financial statements that are subsequently
restated in a way that would decrease the value of such compensation, the Participant will, to the extent not otherwise prohibited by
law, upon the written request of the Company, forfeit and repay to the Company the difference between what the Participant received and
what the Participant should have received based on the accounting restatement, in accordance with (i)&nbsp;any compensation recovery,
 &ldquo;clawback&rdquo; or similar policy, as may be in effect from time to time to which such Participant is subject and (ii)&nbsp;any
compensation recovery, &ldquo;clawback&rdquo; or similar policy made applicable by law including the provisions of Section&nbsp;945 of
the Dodd-Frank Wall Street Reform and Consumer Protection Act and the rules, regulations and requirements adopted thereunder by the Securities
and Exchange Commission and/or any national securities exchange on which the Company&rsquo;s equity securities may be listed (the &ldquo;<I>Policy</I>&rdquo;).
By accepting an Award hereunder, the Participant acknowledges and agrees that the Policy, whenever adopted, shall apply to such Award,
and all incentive-based compensation payable pursuant to such Award shall be subject to forfeiture and repayment pursuant to the terms
of the Policy.</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 0; text-indent: 0.25in">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transfer,
Leave of Absence, Etc</U>. For purposes of the Plan, except as otherwise determined by the Committee, the following events shall not be
deemed a termination of Service: (a)&nbsp;a transfer to the service of the Company from a Subsidiary or from the Company to a Subsidiary,
or from one Subsidiary to another; or (b)&nbsp;an approved leave of absence for military service or sickness, a leave of absence where
the employee&rsquo;s right to re-employment is protected either by a statute or by contract or under the policy pursuant to which the
leave of absence was granted, a leave of absence for any other purpose approved by the Company or if the Committee otherwise so provides
in writing.</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 0; text-indent: 0.25in">16. &nbsp;&nbsp;&nbsp;&nbsp;<U>General Provisions</U>.</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 0; text-indent: 0.25in">16.1&nbsp;&nbsp;&nbsp;&nbsp;<I>Status of Plan</I>.
The Committee may authorize the creation of trusts or other arrangements to meet the Company&rsquo;s obligations to deliver Common Shares
or make payments with respect to Awards.</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 0; text-indent: 0.25in">16.2 &nbsp;&nbsp;&nbsp;<I>Award Agreement</I>.
An Award under the Plan shall be evidenced by an Award Agreement in a written or electronic form approved by the Committee setting forth
the number of Common Shares, units, or other amounts or securities subject to the Award, the exercise price, base price or purchase price
of the Award, the time or times at which an Award will become vested, exercisable or payable and the term of the Award. The Award Agreement
also may set forth the effect on an Award of a Change in Control and/or a termination of Service under certain circumstances. The Award
Agreement shall be subject to and incorporate, by reference or otherwise, all of the applicable terms and conditions of the Plan, and
also may set forth other terms and conditions applicable to the Award as determined by the Committee consistent with the limitations of
the Plan. The grant of an Award under the Plan shall not confer any rights upon the Participant holding such Award other than such terms,
and subject to such conditions, as are specified in the Plan as being applicable to such type of Award (or to all Awards) or as are expressly
set forth in the Award Agreement. The Committee need not require the execution of an Award Agreement by a Participant, in which case,
acceptance of the Award by the Participant shall constitute agreement by the Participant to the terms, conditions, restrictions and limitations
set forth in the Plan and the Award Agreement as well as the administrative guidelines of the Company in effect from time to time. In
the event of any conflict between the provisions of the Plan and any Award Agreement, the provisions of the Plan shall prevail.</P>

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

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<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 0; text-indent: 0.25in">16.3 &nbsp;&nbsp;&nbsp;<I>No Assignment or Transfer;
Beneficiaries</I>. Except as provided in Section&nbsp;6.6 hereof, Awards under the Plan shall not be assignable or transferable by the
Participant, and shall not be subject in any manner to assignment, alienation, pledge, encumbrance or charge. Notwithstanding the foregoing,
in the event of the death of a Participant, except as otherwise provided by the Committee in an Award Agreement, an outstanding Award
may be exercised by or shall become payable to the Participant&rsquo;s beneficiary as determined under the Company 401(k)&nbsp;retirement
plan or other applicable retirement or pension plan. In lieu of such determination, a Participant may, from time to time, name any beneficiary
or beneficiaries to receive any benefit in case of the Participant&rsquo;s death before the Participant receives any or all of such benefit.
Each such designation shall revoke all prior designations by the same Participant and will be effective only when filed by the Participant
in writing (in such form or manner as may be prescribed by the Committee) with the Company during the Participant&rsquo;s lifetime. In
the absence of a valid designation as provided above, if no validly designated beneficiary survives the Participant or if each surviving
validly designated beneficiary is legally impaired or prohibited from receiving the benefits under an Award, the Participant&rsquo;s beneficiary
shall be the legatee or legatees of such Award designated under the Participant&rsquo;s last will or by such Participant&rsquo;s executors,
personal representatives or distributees of such Award in accordance with the Participant&rsquo;s will or the laws of descent and distribution.
The Committee may provide in the terms of an Award Agreement or in any other manner prescribed by the Committee that the Participant shall
have the right to designate a beneficiary or beneficiaries who shall be entitled to any rights, payments or other benefits specified under
an Award following the Participant&rsquo;s death.</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 0; text-indent: 0.25in">16.4 &nbsp;&nbsp;&nbsp;<I>Deferrals of Payment</I>.
The Committee may in its discretion permit a Participant to defer the receipt of payment of cash or delivery of Common Shares that would
otherwise be due to the Participant by virtue of the exercise of a right or the satisfaction of vesting or other conditions with respect
to an Award; <U>provided</U>, <U>however</U>, that such discretion shall not apply in the case of a Stock Option or Share Appreciation
Right that is intended to satisfy the requirements of Treasury Regulations Section&nbsp;1.409A-1(b)(5)(i)(A)&nbsp;or (B). If any such
deferral is to be permitted by the Committee, the Committee shall establish rules&nbsp;and procedures relating to such deferral in a manner
intended to comply with the requirements of Section&nbsp;409A of the Code, including, without limitation, the time when an election to
defer may be made, the time period of the deferral and the events that would result in payment of the deferred amount, the interest or
other earnings attributable to the deferral and the method of funding, if any, attributable to the deferred amount.</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 0; text-indent: 0.25in">16.5 &nbsp;&nbsp;<I>No Right to Employment or
Continued Service</I>. Nothing in the Plan, in the grant of any Award or in any Award Agreement shall confer upon any Eligible Person
or any Participant any right to continue in the Service of the Company or any of its Subsidiaries or interfere in any way with the right
of the Company or any of its Subsidiaries to terminate the employment or other service relationship of an Eligible Person or a Participant
for any reason or no reason at any 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 0; text-indent: 0.25in">16.6 &nbsp;&nbsp;<I>Rights as Shareholder</I>.
A Participant shall have no rights as a holder of Common Shares with respect to any unissued securities covered by an Award until the
date the Participant becomes the holder of record of such securities. Except as provided in Section&nbsp;4.4 hereof, no adjustment or
other provision shall be made for dividends or other shareholder rights, except to the extent that the Award Agreement provides for dividend
payments or dividend equivalent rights. The Committee may determine in its discretion the manner of delivery of Common Shares to be issued
under the Plan, which may be by delivery of share certificates, electronic account entry into new or existing accounts or any other means
as the Committee, in its discretion, deems appropriate. The Committee may require that the share certificates (if any) be held in escrow
by the Company for any Common Shares or cause the shares to be legended in order to comply with the securities laws or other applicable
restrictions. Should the Common Shares be represented by book or electronic account entry rather than a certificate, the Committee may
take such steps to restrict transfer of the Common Shares as the Committee considers necessary or advisable.</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 0; text-indent: 0.25in">16.7 &nbsp;&nbsp;<I>Trading Policy and Other Restrictions</I>.
Transactions involving Awards under the Plan shall be subject to the Company&rsquo;s insider trading and Regulation FD policy and other
restrictions, terms and conditions, to the extent established by the Committee or by applicable law, including any other applicable policies
set by the Committee, 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 0; text-indent: 0.25in">16.8 &nbsp;&nbsp;&nbsp;<I>Section&nbsp;409A Compliance</I>.
To the extent applicable, it is intended that the Plan and all Awards hereunder comply with, or be exempt from, the requirements of Section&nbsp;409A
of the Code and the Treasury Regulations and other guidance issued thereunder, and that the Plan and all Award Agreements shall be interpreted
and applied by the Committee in a manner consistent with this intent in order to avoid the imposition of any additional tax under Section&nbsp;409A
of the Code. In the event that any (i)&nbsp;provision of the Plan or an Award Agreement, (ii)&nbsp;Award, payment, transaction or (iii)&nbsp;other
action or arrangement contemplated by the provisions of the Plan is determined by the Committee to not comply with the applicable requirements
of Section&nbsp;409A of the Code and the Treasury Regulations and other guidance issued thereunder, the Committee shall have the authority
to take such actions and to make such changes to the Plan or an Award Agreement as the Committee deems necessary to comply with such requirements;
<U>provided</U>, <U>however</U>, that no such action shall adversely affect any outstanding Award without the consent of the affected
Participant. No payment that constitutes deferred compensation under Section&nbsp;409A of the Code that would otherwise be made under
the Plan or an Award Agreement upon a termination of Service will be made or provided unless and until such termination is also a &ldquo;separation
from service,&rdquo; as determined in accordance with Section&nbsp;409A of the Code. Notwithstanding the foregoing or anything elsewhere
in the Plan or an Award Agreement to the contrary, if a Participant is a &ldquo;specified employee&rdquo; as defined in Section&nbsp;409A
of the Code at the time of termination of Service with respect to an Award, then solely to the extent necessary to avoid the imposition
of any additional tax under Section&nbsp;409A of the Code, the commencement of any payments or benefits under the Award shall be deferred
until the date that is six (6)&nbsp;months plus one (1)&nbsp;day following the date of the Participant&rsquo;s termination of Service
or, if earlier, the Participant&rsquo;s death (or such other period as required to comply with Section&nbsp;409A). For purposes of Section&nbsp;409A
of the Code, a Participant&rsquo;s right to receive any installment payments pursuant to this Plan or any Award granted hereunder shall
be treated as a right to receive a series of separate and distinct payments. For the avoidance of doubt, each applicable tranche of Common
Shares subject to vesting under any Award shall be considered a right to receive a series of separate and distinct payments. In no event
whatsoever shall the Company be liable for any additional tax, interest or penalties that may be imposed on a Participant by Section&nbsp;409A
of the Code or any damages for failing to comply with Section&nbsp;409A of the Code.</P>

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

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<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 0; text-indent: 0.25in">16.9 &nbsp;&nbsp;&nbsp;&nbsp;<I>Securities Law
Compliance</I>. No Common Shares will be issued or transferred pursuant to an Award unless and until all then applicable requirements
imposed by Federal and state securities and other laws, rules&nbsp;and regulations and by any regulatory agencies having jurisdiction,
and by any exchanges upon which the Common Shares may be listed, have been fully met. As a condition precedent to the issuance of Common
Shares pursuant to the grant or exercise of an Award, the Company may require the Participant to take any action that the Company determines
is necessary or advisable to meet such requirements. The Committee may impose such conditions on any Common Shares issuable under the
Plan as it may deem advisable, including, without limitation, restrictions under the Securities Act, under the requirements of any exchange
upon which such shares of the same class are then listed, and under any blue sky or other securities laws applicable to such shares. The
Committee may also require the Participant to represent and warrant at the time of issuance or transfer that the Common Shares are being
acquired solely for investment purposes and without any current intention to sell or distribute such shares.</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 0; text-indent: 0.25in">16.10 &nbsp;&nbsp;&nbsp;<I>Substitution or Assumption
of Awards in Corporate Transactions</I>. The Committee may grant Awards under the Plan in connection with the acquisition, whether by
purchase, merger, consolidation or other corporate transaction, of the business or assets of any corporation or other entity, in substitution
for awards previously granted by such corporation or other entity or otherwise. The Committee may also assume any previously granted awards
of an employee, director, consultant or other service provider of another corporation or entity that becomes an Eligible Person by reason
of such corporation transaction. The terms and conditions of the substituted or assumed awards may vary from the terms and conditions
that would otherwise be required by the Plan solely to the extent the Committee deems necessary for such purpose. To the extent permitted
by applicable law and the listing requirements of the New York Stock Exchange or other exchange or securities market on which the Common
Shares are listed, any such substituted or assumed awards shall not reduce the Share Reserve.</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 0; text-indent: 0.25in">16.11 &nbsp;&nbsp;&nbsp;<I>Tax Withholding</I>.
The Participant shall be responsible for payment of any taxes or similar charges required by law to be paid or withheld from an Award
or an amount paid in satisfaction of an Award. Any required withholdings shall be paid by the Participant on or prior to the payment or
other event that results in taxable income in respect of an Award. The Award Agreement may specify the manner in which the withholding
obligation shall be satisfied with respect to the particular type of Award, which may include permitting the Participant to elect to satisfy
the withholding obligation by tendering Common Shares to the Company or having the Company withhold a number of Common Shares having a
value in each case up to the maximum statutory tax rates in the applicable jurisdiction or as the Committee may approve in its discretion
(provided that such withholding does not result in adverse tax or accounting consequences to the Company), or similar charge required
to be paid or withheld. The Company shall have the power and the right to require a Participant to remit to the Company the amount necessary
to satisfy federal, state, provincial and local taxes, domestic or foreign, required by law or regulation to be withheld, and to deduct
or withhold from any Common Shares deliverable under an Award to satisfy such withholding obligation.</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 0; text-indent: 0.25in">16.12 &nbsp;&nbsp;&nbsp;<I>Unfunded Plan</I>.
The adoption of the Plan and any reservation of Common Shares or cash amounts by the Company to discharge its obligations hereunder shall
not be deemed to create a trust or other funded arrangement. Except upon the issuance of Common Shares pursuant to an Award, any rights
of a Participant under the Plan shall be those of a general unsecured creditor of the Company, and neither a Participant nor the Participant&rsquo;s
permitted transferees or estate shall have any other interest in any assets of the Company by virtue of the Plan. Notwithstanding the
foregoing, the Company shall have the right to implement or set aside funds in a grantor trust, subject to the claims of the Company&rsquo;s
creditors or otherwise, to discharge its obligations 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 0; text-indent: 0.25in">16.13 &nbsp;&nbsp;&nbsp;<I>Other Compensation
and Benefit Plans</I>. The adoption of the Plan shall not affect any other share incentive or other compensation plans in effect for the
Company or any Subsidiary, nor shall the Plan preclude the Company from establishing any other forms of share incentive or other compensation
or benefit program for employees of the Company or any Subsidiary. The amount of any compensation deemed to be received by a Participant
pursuant to an Award shall not constitute includable compensation for purposes of determining the amount of benefits to which a Participant
is entitled under any other compensation or benefit plan or program of the Company or a Subsidiary, including, without limitation, under
any pension or severance benefits plan, except to the extent specifically provided by the terms of any such 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 0; text-indent: 0.25in">16.14 &nbsp;&nbsp;&nbsp;<I>Plan Binding on Transferees</I>.
The Plan shall be binding upon the Company, its transferees and assigns, and the Participant, the Participant&rsquo;s executor, administrator
and permitted transferees and beneficiaries.</P>

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

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<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 0; text-indent: 0.25in">16.15 &nbsp;&nbsp;&nbsp;<I>Severability</I>. If
any provision of the Plan or any Award Agreement shall be determined to be illegal or unenforceable by any court of law in any jurisdiction,
the remaining provisions hereof and thereof shall be severable and enforceable in accordance with their terms, and all provisions shall
remain enforceable in any other jurisdiction.</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 0; text-indent: 0.25in">16.16 &nbsp;&nbsp;&nbsp;<I>Governing Law; Jurisdiction</I>.
The Plan and all rights hereunder shall be governed by and interpreted in accordance with the laws of the State of Ohio, without reference
to the principles of conflicts of laws, and to applicable federal laws.</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 0; text-indent: 0.25in">16.17 &nbsp;&nbsp;&nbsp;<I>No Fractional Shares</I>.
No fractional Common Shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether
cash, other securities or other property shall be paid or transferred in lieu of any fractional Common Shares or whether such fractional
shares or any rights thereto shall be canceled, terminated or otherwise eliminated.</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 0; text-indent: 0.25in">16.18 &nbsp;&nbsp;&nbsp;<I>No Guarantees Regarding
Tax Treatment</I>. Neither the Company nor the Committee make any guarantees to any person regarding the tax treatment of Awards or payments
made under the Plan. Neither the Company nor the Committee has any obligation to take any action to prevent the assessment of any tax
on any person with respect to any Award under Section&nbsp;409A of the Code, Section&nbsp;4999 of the Code or otherwise and neither the
Company nor the Committee shall have any liability to a person with respect thereto.</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 0; text-indent: 0.25in">16.19 &nbsp;&nbsp;&nbsp;<I>Data Protection</I>.
By participating in the Plan, each Participant consents to the collection, processing, transmission and storage by the Company, its Subsidiaries
and any third party administrators of any data of a professional or personal nature for the purposes of administering 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 0; text-indent: 0.25in">16.20 &nbsp;&nbsp;&nbsp;<I>Awards to Non-U.S.
Participants. </I>To comply with the laws in countries other than the United States in which the Company or any of its Subsidiaries operates
or has employees, Non-Employee Directors or consultants, the Committee, in its sole discretion, shall have the power and authority to
(i)&nbsp;modify the terms and conditions of any Award granted to Participants outside the United States to comply with applicable foreign
laws, (ii)&nbsp;take any action, before or after an Award is made, that it deems advisable to obtain approval or comply with any necessary
local government regulatory exemptions or approvals and (iii)&nbsp;establish subplans and modify exercise procedures and other terms and
procedures, to the extent such actions may be necessary or advisable.</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 0; text-indent: 0.25in">17. &nbsp;&nbsp;&nbsp;&nbsp;<U>Term; Amendment
and Termination; Shareholder Approval</U>.</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 0; text-indent: 0.25in">17.1&nbsp;&nbsp;&nbsp;&nbsp;<I>Term</I>. The Plan
shall be effective as of the date of its approval by the shareholders of the Company (the &ldquo;<I>Effective Date</I>&rdquo;). Subject
to Section&nbsp;17.2 hereof, the Plan shall terminate on the tenth anniversary of the Effective Date.</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 0; text-indent: 0.25in">17.2&nbsp;&nbsp;&nbsp;&nbsp;<I>Amendment and Termination</I>.
The Board may from time to time and in any respect, amend, modify, suspend or terminate the Plan; <U>provided</U>, <U>however</U>, that
no amendment, modification, suspension or termination of the Plan shall materially and adversely affect any Award theretofore granted
without the consent of the Participant or the permitted transferee of the Award. The Board may seek the approval of any amendment, modification,
suspension or termination by the Company&rsquo;s shareholders to the extent it deems necessary in its discretion for purposes of compliance
with Section&nbsp;422 of the Code or for any other purpose, and shall seek such approval to the extent it deems necessary in its discretion
to comply with applicable law or listing requirements of the New York Stock Exchange or other exchange or securities market. Notwithstanding
the foregoing, the Board shall have broad authority to amend the Plan or any Award under the Plan without the consent of a Participant
to the extent it deems necessary or desirable in its discretion to comply with, take into account changes in, or interpretations of, applicable
tax laws, securities laws, employment laws, accounting rules&nbsp;and other applicable laws, rules&nbsp;and regulations.</P>

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

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<TYPE>EX-FILING FEES
<SEQUENCE>6
<FILENAME>tm2219416d1_ex-filingfees.htm
<DESCRIPTION>EX-FILING FEES
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 107</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Calculation of Filing Fee Tables</B></P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>S-8</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Form Type)</P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>THE KROGER CO.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in its Charter)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Table 1: Newly Registered Securities</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 7pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="font: 7pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: bold 7pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Security
    Type</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 7pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Security
    Class Title</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 7pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Fee
    Calculation Rule</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Amount
    Registered(1)(2)</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Proposed<BR>
    Maximum Offering<BR> Price Per Unit(3)</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Maximum<BR>
    Aggregate<BR> Offering Price</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Fee
    Rate</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Amount
    of<BR> Registration Fee</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 7pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; font: 7pt Times New Roman, Times, Serif; text-align: center; width: 11%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Equity</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: center; width: 11%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Common
    Shares, $1 par value per share</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 11%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Rules
    457(c) and <BR>457(h)</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 10%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">46,239,000</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">$</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 10%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">47.62</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">$</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; width: 10%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2,201,901,180.00</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 10%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">.0000927</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">$</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 10%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">204,116.24</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 7pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD COLSPAN="11" STYLE="font: bold 7pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Total
    Offering Amounts</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">$</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">204,116.24</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 7pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="11" STYLE="font: bold 7pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Total
    Fee Offsets</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">$</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">---</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 7pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD COLSPAN="11" STYLE="font: bold 7pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Net
    Fee Due</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">$</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">204,116.24</FONT></TD><TD STYLE="font: 7pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD></TR>
  </TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Table 2: Fee Offset Claims and Sources</U></B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 8pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="font: 7pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Registrant&nbsp;or<BR>
    Filer Name</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Form&nbsp;or<BR>
    Filing&nbsp;Type</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">File&nbsp;Number</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Initial<BR>
    Filing&nbsp;Date</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Filing&nbsp;Date</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Fee<BR>
    Offset<BR> Claimed</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 7pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Security
    Type<BR> Associated with<BR> Fee Offset Claimed</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 7pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Security
    Title<BR> Associated with<BR> Fee Offset Claimed</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 7pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Unsold
    Securities<BR> Associated with<BR> Fee Offset Claimed</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 7pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Unsold
    Aggregate<BR> Offering Amount<BR> Associated with<BR> Fee &nbsp;Offset&nbsp;Claimed</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Fee&nbsp;Paid&nbsp;with<BR>
    Fee&nbsp;Offset&nbsp;Source</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 7pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; white-space: nowrap; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD><TD STYLE="font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 0pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 8pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="45" STYLE="font: bold 8pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Rule
    457(p)</FONT></TD></TR>
  <TR STYLE="font: 8pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 8pt Times New Roman, Times, Serif; width: 8%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Fee
    Offset Claims</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 5%; text-align: right"></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 5%; text-align: right"></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 5%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"></FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 5%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"></FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 5%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"></FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 5%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"></FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 6%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"></FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 6%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"></FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 6%; text-align: right"></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 6%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"></FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 5%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"></FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; width: 1%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 8pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Fee
    Offset Sources</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD><TD STYLE="font: 8pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD></TR>
  </TABLE>

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

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">(1)<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>This
Registration Statement registers the issuance of an additional 46,239,000 shares of common stock, par value $1 per share (the &ldquo;Common
Stock&rdquo;) of The Kroger Co. (&ldquo;Registrant&rdquo;), which are issuable pursuant to the Amended and Restated Kroger 2019 Long-Term
Incentive Plan (the &ldquo;Plan&rdquo;).</FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">(2)<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Pursuant
to Rule 416(a) promulgated under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), this Registration Statement
also covers such indeterminate number of additional shares of Common Stock that may become issuable under the Plan by reason of any future
stock dividend, stock split, recapitalization or other similar transactions effected without receipt of consideration by the Registrant
that increases the number of outstanding shares of Common Stock.</FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">(3)
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Determined on the basis of the average of the high and low prices per share of Common Stock
as reported on the New York Stock Exchange on July 1, 2022, a date within five business days prior to the filing of this Registration
Statement, of $48.14 and $47.09, respectively, solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and
457(h) under the Securities Act.</FONT></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 0"></P>

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