<SEC-DOCUMENT>0001104659-21-092786.txt : 20210716
<SEC-HEADER>0001104659-21-092786.hdr.sgml : 20210716
<ACCEPTANCE-DATETIME>20210715212209
ACCESSION NUMBER:		0001104659-21-092786
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20210716
DATE AS OF CHANGE:		20210715

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PureCycle Technologies, Inc.
		CENTRAL INDEX KEY:			0001830033
		STANDARD INDUSTRIAL CLASSIFICATION:	PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-251034
		FILM NUMBER:		211093961

	BUSINESS ADDRESS:	
		STREET 1:		5950 HAZELTINE NATIONAL DRIVE, SUITE 650
		CITY:			ORLANDO
		STATE:			FL
		ZIP:			32822
		BUSINESS PHONE:		877-648-3565

	MAIL ADDRESS:	
		STREET 1:		5950 HAZELTINE NATIONAL DRIVE, SUITE 650
		CITY:			ORLANDO
		STATE:			FL
		ZIP:			32822

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Roth CH Acquisition I Co. Parent Corp.
		DATE OF NAME CHANGE:	20201026
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
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<DESCRIPTION>424B3
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<P STYLE="margin: 0">&nbsp;</P>

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    <TD STYLE="width: 73%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">PROSPECTUS SUPPLEMENT NO. 9</TD><TD STYLE="width: 2%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 25%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">Filed Pursuant to Rule 424(b)(3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif">(to prospectus dated March 19, 2021)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Registration No. 333-251034</TD></TR>
  </TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><IMG SRC="tm2122386d2_424b3img001.jpg" ALT="" STYLE="height: 56px; width: 321px"></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"><B>PURECYCLE TECHNOLOGIES, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>25,000,000 Shares</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Common Stock</B></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-indent: 0.5in">This prospectus supplement is being filed to update
and supplement the information contained in the prospectus dated March 19, 2021 (as supplemented or amended from time to time, the &ldquo;Prospectus&rdquo;),
with the information contained in our Current Report on Form 8-K, which was filed with the Securities and Exchange Commission (&ldquo;SEC&rdquo;)
on July 14, 2021 (the &ldquo;Form 8-K&rdquo;). Accordingly, we have attached the Form 8-K to this prospectus supplement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Prospectus and this prospectus supplement relate
to the resale from time to time of up to 25,000,000 shares of our common stock, par value $0.001 per share (&ldquo;Common Stock&rdquo;),
issued pursuant to the terms of those certain subscription agreements entered into (the &ldquo;PIPE Investment&rdquo;) in connection with
the Business Combination (as defined in the Prospectus). As described in the Prospectus, the selling securityholders named therein or
their permitted transferees (collectively, the &ldquo;Selling Stockholders&rdquo;), may sell from time to time up to 25,000,000 shares
of our Common Stock that were issued to the Selling Stockholders in connection with the closing of the PIPE Investment and the Business
Combination.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This prospectus supplement updates and supplements
the information in the Prospectus and is not complete without, and may not be delivered or utilized except in combination with, the Prospectus,
including any amendments or supplements thereto. This prospectus supplement should be read in conjunction with the Prospectus and if there
is any inconsistency between the information in the Prospectus and this prospectus supplement, you should rely on the information in this
prospectus supplement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Common Stock, warrants and units are listed
on The Nasdaq Capital Market under the symbols &ldquo;PCT,&rdquo; &ldquo;PCTTW&rdquo; and &ldquo;PCTTU,&rdquo; respectively. On July 15,
2021, the closing price of our Common Stock was $16.50 per share.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Investing in our securities involves risks that
are described in the &ldquo;Risk Factors&rdquo; section beginning on page 23 of the Prospectus.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Neither the Securities and Exchange Commission
nor any state securities commission has approved or disapproved of these securities or determined if the Prospectus or this prospectus
supplement is truthful or complete. Any representation to the contrary is a criminal offense.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>The date of this prospectus supplement is July
15, 2021.</B></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"></P>

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

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#160;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FORM 8-K </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#160;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(d) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>OF THE SECURITIES EXCHANGE ACT OF 1934 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Date of Report (Date
of earliest event reported): July 14, 2021 (July 8,
2021</B><B>)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#160;</B></P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>PURECYCLE TECHNOLOGIES, INC. </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#160;</B></P>

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    <TD STYLE="padding: 0.25pt; text-align: center; vertical-align: bottom; width: 2%">&#160;</TD>
    <TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 10pt; text-align: center; width: 32%"><FONT STYLE="font-size: 10pt"><B>001-40234</B></FONT></TD>
    <TD STYLE="padding: 0.25pt; text-align: center; vertical-align: bottom; width: 2%">&#160;</TD>
    <TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 10pt; text-align: center; width: 32%"><FONT STYLE="font-size: 10pt"><B>86-2293091</B></FONT></TD></TR>
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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(State or other jurisdiction</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>of incorporation)</B></P></TD>
    <TD STYLE="padding: 0.25pt; text-align: center; vertical-align: bottom">&#160;</TD>
    <TD STYLE="padding: 0.25pt; text-align: center; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Commission</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>File Number)</B></P></TD>
    <TD STYLE="padding: 0.25pt; text-align: center; vertical-align: bottom">&#160;</TD>
    <TD STYLE="padding: 0.25pt; text-align: center; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(IRS Employer</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Identification No.)</B></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>5950
Hazeltine National Drive</B><B>, Suite 650</B><B>,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Orlando, Florida 32822 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Address of principal executive offices, including
zip code)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#160;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Registrant&#8217;s telephone number, including
area code: (877) 648-3565</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#160;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Former name or former address, if changed since
last report)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#160;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

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    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

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    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

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    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

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    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Securities registered pursuant to Section 12(b) of the Act:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="padding: 0.25pt; white-space: nowrap; font-size: 10pt; text-align: center; width: 40%"><FONT STYLE="font-size: 10pt"><B>Title of each class</B></FONT></TD>
    <TD STYLE="padding: 0.25pt; width: 2%">&#160;</TD>
    <TD STYLE="padding: 0.25pt; white-space: nowrap; width: 16%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Trading Symbol(s)</B></P></TD>
    <TD STYLE="padding: 0.25pt; width: 2%">&#160;</TD>
    <TD STYLE="padding: 0.25pt; white-space: nowrap; width: 40%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Name of each exchange on&#160;which&#160;registered</B></P></TD></TR>
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    <TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Common Stock, par value $0.001 per share</B></FONT></TD>
    <TD STYLE="padding: 0.25pt; vertical-align: bottom">&#160;</TD>
    <TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>PCT</B></FONT></TD>
    <TD STYLE="padding: 0.25pt; vertical-align: bottom">&#160;</TD>
    <TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>The Nasdaq Stock Market LLC</B></FONT></TD></TR>
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    <TD STYLE="padding: 0.25pt; vertical-align: bottom">&#160;</TD>
    <TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>PCTTW</B></FONT></TD>
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    <TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>The Nasdaq Stock Market LLC</B></FONT></TD></TR>
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    <TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Units, each consisting of one share of common stock, $0.001 par value per share, and three quarters of one warrant</B></FONT></TD>
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    <TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>The Nasdaq Stock Market LLC</B></FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (&#167;240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Emerging growth company <FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 13(a) of the Exchange Act. <FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>




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<TD STYLE="width: 0.75in"><B>Item 5.02</B></TD><TD STYLE="text-align: justify"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 8, 2021, the Compensation Committee (the &#8220;Committee&#8221;)
of the Board of Directors (the &#8220;Board&#8221;) of PureCycle Technologies, Inc. (the &#8220;Company&#8221;) approved an annual short-term
cash incentive program for fiscal 2021 (the &#8220;STIP&#8221;) and a long-term equity-based incentive program for fiscal 2021 (the &#8220;LTIP&#8221;),
including awards to the Company&#8217;s principal executive officer, principal financial officer and other named executive officer (the
 &#8220;Named Executives&#8221;) thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The STIP provides participants with an opportunity to earn cash bonuses
upon achievement of certain pre-established Company performance objectives (weighted at 70%) and individual achievement (weighted at 30%),
with payouts thereunder ranging from 0% to 200% of target. The Company performance objectives under the STIP include the following (each
weighed equally): Plant 1 scaling, securing feedstock for future plants, securing volume commitments through offtake arrangements and
securing funding for future plants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Committee established the following target awards under the STIP
for the Named Executives:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: auto; width: 5in; border-collapse: collapse; margin-right: auto">
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="border: Black 1pt solid; padding: 2pt; vertical-align: bottom; width: 34%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Named Executive</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; vertical-align: bottom; width: 33%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Target Award as Percentage of Base&#160;Salary</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; vertical-align: bottom; width: 33%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Current Base Salary</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Mike Otworth</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">100%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">$750,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Michael Dee</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">70%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">$450,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">David Brenner*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">50%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">$340,000</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">*Mr. Brenner&#8217;s STIP opportunity is in
lieu of a bonus opportunity to earn $33,333.33 upon achievement of certain objectives as set forth in his employment agreement as
previously disclosed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In general, STIP participants must remain continuously employed by
the Company until the award payment date in order to receive a payout of an award under the STIP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The LTIP provides participants with an opportunity to earn or vest
in equity-based awards under the Company&#8217;s 2021 Equity and Incentive Compensation Plan. The Committee approved the following equity-based
awards in the form of restricted stock units (&#8220;RSUs&#8221;) and performance-based restricted stock units (&#8220;PSUs&#8221;) to
the Named Executives under the LTIP:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: auto; width: 5in; border-collapse: collapse; margin-right: auto">
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="border: Black 1pt solid; padding: 2pt; width: 34%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Named Executive</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; width: 33%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>RSUs</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; width: 33%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Target Number of PSUs</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Mike Otworth</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">69,840</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">69,840</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Michael Dee</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">18,107</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">18,107</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">David Brenner</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">12,933</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">12,933</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In general, the RSUs will vest in four equal annual installments following
the grant date, in each case subject to the participant&#8217;s continued employment with the Company through the applicable vesting date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In general, the PSUs will be earned based on achievement of pre-established
performance objectives related to production  at the Company&#8217;s operational manufacturing facilities
by December 31, 2023 and will vest on the date the attainment of such performance objectives is determined by the Committee, subject to
the participant&#8217;s continued employment with the Company through December 31, 2023. The actual number of shares (if any) issued in
settlement of the PSUs may range from 50% to 200% of target.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The foregoing summary does not purport to be
complete and is qualified in its entirety by reference to the forms of Notice of Grant of Restricted Stock Units and Restricted
Stock Units Agreement for Employees and Notice of Grant of Performance-Based Restricted Stock Units and Performance-Based Restricted
Stock Units Award Agreement for Employees, which are filed as Exhibit 10.1 and Exhibit 10.2, respectively, to this current report on Form 8-K and are incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to the equity-based awards under the LTIP, the Committee
approved additional awards of restricted stock and performance-based restricted stock units to Michael Dee as provided for in his employment
agreement and as previously disclosed, the forms of these awards are filed as Exhibit
10.3 and Exhibit 10.4, respectively, to this current report on Form 8-K and are incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 0.75in"><B>Item 9.01</B></TD>
  <TD><B>Financial Statements and Exhibits.</B></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&#160;</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: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(d)</TD><TD STYLE="text-align: justify">Exhibits</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; width: 0.75in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Exhibit Number</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Description of Exhibit</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; font-size: 10pt"><A HREF="#a_001"><FONT STYLE="font-size: 10pt">10.1</FONT></A></TD>
    <TD STYLE="padding-top: 5pt; font-size: 10pt"><A HREF="#a_001"><FONT STYLE="font-size: 10pt">Form of Notice of Grant of Restricted Stock Units and Restricted Stock Units Agreement for Employees.</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; font-size: 10pt"><A HREF="#a_002"><FONT STYLE="font-size: 10pt">10.2</FONT></A></TD>
    <TD STYLE="padding-top: 5pt; font-size: 10pt"><A HREF="#a_002"><FONT STYLE="font-size: 10pt">Form of Notice of Grant of Performance-Based Restricted Stock Units and Performance-Based Restricted Stock Units Award Agreement for Employees.</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; font-size: 10pt"><A HREF="#a_003"><FONT STYLE="font-size: 10pt">10.3</FONT></A></TD>
    <TD STYLE="padding-top: 5pt; font-size: 10pt"><A HREF="#a_003">Form of <FONT STYLE="font-size: 10pt">Notice
    of Grant of Restricted Stock and Restricted Stock Agreement for CFO.</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; font-size: 10pt"><A HREF="#a_004"><FONT STYLE="font-size: 10pt">10.4</FONT></A></TD>
    <TD STYLE="padding-top: 5pt; font-size: 10pt"><A HREF="#a_004"><FONT STYLE="font-size: 10pt">Form
    of Notice of Grant of Performance-Based Restricted Stock Units and Performance-Based Restricted Stock Units Agreement for
    CFO.</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">104.1</FONT></TD>
    <TD STYLE="padding-top: 5pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Cover Page Interactive Data File (formatted in Inline XBRL)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>




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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#160;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD>&#160;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>PureCycle Technologies, Inc.</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 50%">&#160;</TD>
    <TD STYLE="width: 2%">&#160;</TD>
    <TD STYLE="width: 48%">&#160;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-size: 10pt">Dated: July 14, 2021</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; font-size: 10pt"><FONT STYLE="font-size: 10pt">By:&#160;&#160;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ Michael Dee</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&#160;</TD>
    <TD STYLE="vertical-align: top">&#160;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-size: 10pt">Michael Dee</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&#160;</TD>
    <TD STYLE="vertical-align: top">&#160;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-size: 10pt">Chief Financial Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</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>
    <!-- Field: /Page -->

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

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><A NAME="a_001"></A><B>Exhibit 10.1</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>PURECYCLE TECHNOLOGIES, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NOTICE OF GRANT OF RESTRICTED STOCK UNITS</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">PureCycle Technologies, Inc.
(the &ldquo;<U>Company</U>&rdquo;) hereby grants to the Participant the number of Restricted Stock Units (&ldquo;<U>RSUs</U>&rdquo;) set
forth below under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan (the &ldquo;<U>Plan</U>&rdquo;). The RSUs
are subject to all of the terms and conditions in this Notice of Grant of Restricted Stock Units (this &ldquo;<U>Grant Notice</U>&rdquo;),
in the Restricted Stock Units Agreement attached hereto (the &ldquo;<U>Agreement</U>&rdquo;) and in the Plan. Capitalized terms used,
but not otherwise defined, in this Grant Notice will have the meanings given to such terms in the Plan or Agreement, and the Plan and
the Agreement are hereby incorporated by reference into this Grant Notice. If there are any inconsistences between this Grant Notice or
the Agreement and the Plan, the terms of the Plan shall govern.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">&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="padding-left: 0.5in; width: 46%; text-align: justify"><B>Participant:</B></TD>
    <TD STYLE="width: 54%; text-align: justify">[Name]</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><B>Type of Grant:</B></TD>
    <TD STYLE="text-align: justify">Restricted Stock Units</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><B>Date of Grant:</B></TD>
    <TD STYLE="text-align: justify">[Grant Date]</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><B>Number of RSUs:</B></TD>
    <TD STYLE="text-align: justify">[#]</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><B>Vesting Schedule:</B></TD>
    <TD STYLE="text-align: justify">Subject to the conditions set forth in the Agreement, including but not limited to the Participant&rsquo;s continuous employment with the Company or a Subsidiary until the applicable vesting date, the RSUs shall vest as follows: the RSUs shall vest in substantially equal installments on each of the first four anniversaries of the Date of Grant.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURECYCLE TECHNOLOGIES, INC.</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><U>Restricted Stock Units Agreement</U></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: justify; text-indent: 0.5in">PureCycle Technologies, Inc.
(the &ldquo;<U>Company</U>&rdquo;) has granted, pursuant to the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan
(the &ldquo;<U>Plan</U>&rdquo;), to the Participant named in the Notice of Grant of Restricted Stock Units (the &ldquo;<U>Grant Notice</U>&rdquo;)
to which this Restricted Stock Units Agreement is attached (together with the Grant Notice, this &ldquo;<U>Agreement</U>&rdquo;) an award
of Restricted Stock Units as set forth in such Grant Notice, subject to the terms and conditions set forth in this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Certain Definitions</U></B>. Capitalized terms used, but not otherwise defined, in this Agreement will have the meanings
given to such terms in the Plan. As used in this Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify">&ldquo;<U>Cause</U>&rdquo; shall mean &ldquo;Cause&rdquo; (or a term of substantively similar meaning)
as defined in an individual employment agreement in effect as of the Date of Grant between the Participant and the Company or any Subsidiary
(an &ldquo;<U>Employment Agreement</U>&rdquo;) or as set forth in an executive severance plan in which the Participant participates as
of the Date of Grant, if any in each case, or, if the Participant does not have an Employment Agreement or participate in such executive
severance plan as of the Date of Grant (or such Employment Agreement or plan does not define &ldquo;Cause&rdquo;), then &ldquo;Cause&rdquo;
shall mean (i) the Participant&rsquo;s commission of, conviction for, or plea of guilty or nolo contendere to, a felony or a crime involving
moral turpitude, or other material act or omission involving dishonesty or fraud, (ii) the Participant&rsquo;s conduct that results in
or is reasonably likely to result in harm to the reputation or business of the Company or any of its affiliates in any material way, (iii)
the Participant&rsquo;s failure to perform duties as reasonably directed by the Company or the Participant&rsquo;s material violation
of any rule, regulation, policy or plan for the conduct of any service provider to the Company or its affiliates or its or their business
(which, if curable, is not cured within 5 days after notice thereof is provided to the Participant) or (iv) the Participant&rsquo;s gross
negligence, willful malfeasance or material act of disloyalty with respect to the Company or its affiliates (which, if curable, is not
cured within 5 days after notice thereof is provided to the Participant).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">&ldquo;<U>Company&rsquo;s Business</U>&rdquo; means the design, development, manufacture, marketing or
sale of sustainable plastic solutions, recycling technology or related services and any other business that the Company conducts as evidenced
on the Company&rsquo;s website or marketing materials of the Company.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify">&ldquo;<U>Disability</U>&rdquo; (or similar terms) shall mean&nbsp;a circumstance in which the Participant
is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can
be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months and otherwise
satisfies the requirements to be disabled under Section 409A of the Code.</TD></TR></TABLE>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&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">(d)</TD><TD STYLE="text-align: justify">&ldquo;<U>Good Reason</U>&rdquo; shall have the meaning set forth in the Participant&rsquo;s Employment
Agreement or set forth in an executive severance plan in which the Participant participates as of the Date of Grant, if any, or, if the
Participant does not have an Employment Agreement or participate in such executive severance plan as of the Date of Grant (or such Employment
Agreement or plan does not define &ldquo;Good Reason&rdquo;), then &ldquo;Good Reason&rdquo; shall mean the occurrence of any of the following
events without the Participant&rsquo;s express written consent: (i) an involuntary material reduction in the Participant&rsquo;s then-current
base salary, (ii) a mandatory relocation of the Participant&rsquo;s primary work location to a location more than 50 miles from the Participant&rsquo;s
work location as of the date of this Agreement or (iii) a material breach by the Company of the terms of this Agreement. To terminate
the Participant&rsquo;s employment for Good Reason, the Participant must provide written notice to the Company of the existence of the
circumstances providing grounds for termination for Good Reason within 90 days of the initial existence of such grounds and the Company
must have at least 30 days from the date on which such notice is provided to cure such circumstances. If the Participant does not terminate
his employment for Good Reason within 30 days after the expiration of the Company&rsquo;s cure period, then the Participant will be deemed
to have waived his right to terminate for Good Reason with respect to such grounds.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(e)</TD><TD STYLE="text-align: justify">&ldquo;<U>Restricted Territory</U>&rdquo; means: (i) the geographic area(s) within a fifty (50) mile radius
of any and all Company location(s) in, to, or for which the Participant worked, to which the Participant was assigned or had any responsibility
(either direct or supervisory) at the time of termination of the Participant&rsquo;s employment and at any time during the two (2) year
period prior to such termination; (ii) the United States, and (iii) all of the specific customer accounts, whether within or outside of
the geographic area described in (i) and (ii) above, with which the Participant had any contact or for which the Participant had any responsibility
(either direct or supervisory) at the time of termination of the Participant&rsquo;s employment and at any time during the two (2) year
period prior to such termination.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Grant of RSUs</U></B>. Subject to and upon the terms, conditions and restrictions set forth in this Agreement and in the
Plan, the Company has granted to the Participant, as of the Date of Grant, the number of RSUs set forth in the Grant Notice. Each RSU
shall represent the right of the Participant to receive one share of Common Stock subject to and upon the terms and conditions of this
Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Restrictions on Transfer of RSUs</U></B>. Subject to Section 15 of the Plan, neither the RSUs evidenced hereby nor any interest
therein or in the shares of Common Stock underlying such RSUs shall be transferable prior to payment to the Participant pursuant to <B><U>Section
6</U></B> hereof other than by will or pursuant to the laws of descent and distribution.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Vesting of RSUs</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify">The RSUs shall vest in accordance with the Vesting Schedule set forth in the Grant Notice (the period
from the Date of Grant until the last applicable vesting date, the &ldquo;<U>Vesting Period</U>&rdquo;).
Any RSUs that do not so become vested will be forfeited, including, except as provided in <B><U>Sections 4(b)</U></B>, <B><U>4(c)</U></B>
or <B><U>4(d)</U></B> below, if the Participant ceases to be continuously employed by the Company or a Subsidiary for any reason prior
to the end of the Vesting Period. For purposes of this Agreement, &ldquo;continuously employed&rdquo; (or substantially similar terms)
means the absence of any interruption or termination of the Participant&rsquo;s employment with the Company or a Subsidiary. Continuous
employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> above, upon the Participant&rsquo;s death or Disability, in
each case prior to the end of the Vesting Period, the RSUs shall vest in full.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> above, upon any termination of the Participant&rsquo;s employment
as a result of a termination by the Company or a Subsidiary without Cause or by the Participant for Good Reason prior to the end of the
Vesting Period, a pro rata portion of the RSUs shall vest, with such pro-rata portion determined by multiplying (i) the total number of
RSUs by (ii) a fraction, the numerator of which is the number of calendar days that shall have elapsed from the Date of Grant until the
date of such termination and the denominator of which is the number of calendar days in the full Vesting Period, and subtracting from
such amount the number of RSUs (if any) that previously vested.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(d)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> above, in the event of a Change in Control that occurs prior
to the end of the Vesting Period, the RSUs shall become vested and payable in accordance with <B><U>Section 5</U></B> below.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify"><B><U>Effect of a Change in Control</U></B>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(a)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> above, if at any time before the end of the Vesting Period
or forfeiture of the RSUs, and while the Participant is continuously employed by the Company or a Subsidiary, a Change in Control occurs,
then all of the RSUs will become vested, except to the extent that a Replacement Award is provided to the Participant in accordance with
<B><U>Section 5(b)</U></B> to continue, replace or assume the RSUs covered by this Agreement (the &ldquo;<U>Replaced Award</U>&rdquo;)
immediately prior to (and contingent upon) the Change in Control.</TD></TR></TABLE>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&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">(b)</TD><TD STYLE="text-align: justify">For purposes of this Agreement, a &ldquo;<U>Replacement Award</U>&rdquo; means an award (i) of the same
type (<I>e.g</I>., time-based restricted stock units) as the Replaced Award, (ii) that has a value at least equal to the value of the
Replaced Award, (iii) that relates to publicly traded equity securities of the Company or its successor in the Change in Control or another
entity that is affiliated with the Company or its successor following the Change in Control, (iv) if the Participant holding the Replaced
Award is subject to U.S. federal income tax under the Code, the tax consequences of which to such Participant under the Code are not less
favorable to such Participant than the tax consequences of the Replaced Award, and (v) the other terms and conditions of which are not
less favorable to the Participant holding the Replaced Award than the terms and conditions of the Replaced
Award (including the provisions that would apply in the event of a subsequent termination of employment or Change in Control). A Replacement
Award may be granted only to the extent it does not result in the Replaced Award or Replacement Award failing to comply with or be exempt
from Section 409A of the Code. Without limiting the generality of the foregoing, the Replacement Award may take the form of a continuation
of the Replaced Award if the requirements of the two preceding sentences are satisfied. The determination of whether the conditions of
this paragraph are satisfied will be made by the Board or Committee, as constituted immediately before the Change in Control, in its sole
discretion.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify">If, within 12 months after receiving a Replacement Award, the Participant experiences a termination of
employment with the Company or a Subsidiary (or any of their successors) (as applicable, the &ldquo;<U>Successor</U>&rdquo;) by reason
of a termination by the Successor without Cause or by the Participant for Good Reason during the remaining vesting period for the Replacement
Award, the Replacement Award shall immediately vest.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Form and Time of Payment of RSUs</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify">Payment for the RSUs, after and to the extent they have become vested, shall be made in the form of one
share of Common Stock for each vested RSU. Payment shall be made as soon as administratively practicable following (but no later than
thirty (30) days following) the date that the RSUs become vested pursuant to <B><U>Section 4</U></B> hereof.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">[In all events, payment for the RSUs (to the extent vested) shall be made within the short-term deferral
period for purposes of Section 409A of the Code.]</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify">The Company&rsquo;s obligations to the Participant with respect to the RSUs will be satisfied in full
upon the issuance of shares of Common Stock corresponding to such RSUs.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Dividend Equivalents; Voting and Other Rights</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify">The Participant shall have no rights of ownership in the shares of Common Stock underlying the RSUs and
no right to vote the shares of Common Stock underlying the RSUs until the date on which the shares of Common Stock underlying the RSUs
are issued or transferred to the Participant pursuant to <B><U>Section 6</U></B> above.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">[From and after the Date of Grant and until the earlier of (i) the time when the RSUs become vested and
are paid in accordance with <B><U>Section 6</U></B> hereof and (ii) the time when the Participant&rsquo;s right to receive shares of Common
Stock in payment of the RSUs is forfeited in accordance with <B><U>Section 4</U></B> hereof, on the date that the Company pays a cash
dividend (if any) to holders of shares of Common Stock generally, the Participant shall be credited with cash per RSU equal to the amount
of such dividend. Any amounts credited pursuant to the immediately preceding sentence shall be subject to the same applicable terms and
conditions (including vesting, payment and forfeitability) as
apply to the RSUs based on which the dividend equivalents were credited, and such amounts shall be paid in cash at the same time as the
RSUs to which they relate are settled.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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-top: 0pt; margin-bottom: 0pt">&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">(c)</TD><TD STYLE="text-align: justify">The obligation of the Company under this Agreement will be merely that of an unfunded and unsecured promise
of the Company to deliver shares of Common Stock in the future, and the rights of the Participant will be no greater than that of an unsecured
general creditor. No assets of the Company will be held or set aside as security for the obligations of the Company under this Agreement.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Adjustments</U></B>. The number of shares of Common Stock issuable for each RSU and the other terms and conditions of the
grant evidenced by this Agreement are subject to mandatory adjustment, including as provided in Section 11 of the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Taxes</U></B>. To the extent that the Company is required to withhold federal, state, local, or foreign taxes or other amounts
in connection with any payment made or benefit realized by the Participant under this Agreement, and the amounts available to the Company
for such withholding are insufficient, it shall be a condition to the receipt of such payment or the realization of such benefit that
the Participant make arrangements satisfactory to the Company for payment of the balance of such taxes or other amounts required to be
withheld. If the Participant&rsquo;s benefit is to be received in the form of shares of Common Stock, then, unless otherwise determined
by the Committee, the Company will withhold shares of Common Stock having a value equal to the amount required to be withheld. The shares
of Common Stock used for tax or other withholding will be valued at an amount equal to the fair market value of such shares of Common
Stock on the date the benefit is to be included in the Participant&rsquo;s income. In no event will the market value of Common Stock to
be withheld pursuant to this <B><U>Section 9</U></B> to satisfy applicable withholding taxes or other amounts exceed the minimum amount
of taxes required to be withheld. Notwithstanding any other provision of this Agreement, the Company shall not be obligated to guarantee
any particular tax result for the Participant with respect to any payment provided to the Participant hereunder, and the Participant shall
be responsible for any taxes imposed on the Participant with respect to any such payment.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify">The Company shall make reasonable efforts to comply with all applicable federal and state securities laws;
<U>provided</U>, <U>however</U>, that notwithstanding any other provision of the Plan and this Agreement, the Company shall not be obligated
to issue any shares of Common Stock pursuant to this Agreement if the issuance thereof would result in a violation of any such law.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">Notwithstanding anything in this Agreement to the contrary, nothing in this Agreement prevents the Participant
from providing, without prior notice to the Company, information to governmental authorities regarding possible legal violations or otherwise
testifying or participating in any investigation or proceeding by any governmental authorities regarding possible legal violations, and
for purpose of clarity the Participant is not prohibited from providing information voluntarily to the Securities and Exchange Commission
pursuant to Section 21F of the Exchange Act.</TD></TR></TABLE>

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

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

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<P STYLE="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; text-align: justify; text-indent: 0.5in">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Compliance With Section 409A of the Code</U></B>. To the extent applicable, it is intended that this Agreement and the Plan
comply with or be exempt from the provisions of Section 409A of the Code. This Agreement and the Plan shall be administered in a manner
consistent with this intent, and any provision that would cause this Agreement or the Plan to fail to satisfy Section 409A of the Code
shall have no force or effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent
permitted by Section 409A of the Code and may be made by the Company without the consent of the Participant). Notwithstanding the foregoing,
the Company is not guaranteeing any particular tax outcome, and the Participant shall remain solely liable for any and all tax consequences
associated with the RSUs.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Competitive Activity; Non-Solicitation; Confidentiality</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify"><U>Acknowledgements and Agreements</U>. The Participant hereby acknowledges and agrees that in the performance
of Participant&rsquo;s duties to the Company, the Participant shall be brought into frequent contact with existing and potential customers
of the Company throughout the world. The Participant also agrees that trade secrets and confidential information of the Company, more
fully described in <B><U>Section&nbsp;12(e)(i)</U></B>, gained by the Participant during the Participant&rsquo;s association with the
Company, have been developed by the Company through substantial expenditures of time, effort and money and constitute valuable and unique
property of the Company. The Participant further understands and agrees that the foregoing makes it necessary for the protection of the
Company&rsquo;s business that the Participant not compete with the Company during the Participant&rsquo;s employment with the Company
and not compete with the Company for a reasonable period thereafter, as further provided in the following subparagraphs. In consideration
of the Participant&rsquo;s receipt of the RSUs and the confidential information described herein, the Participant agrees to the restrictive
covenants in this <B><U>Section 12</U></B>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD><U>Covenants</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify"><U>Covenants During Employment</U>. While employed by the Company, the Participant shall not compete with
the Company anywhere in the world. In accordance with this restriction, but without limiting its terms, while employed by the Company,
the Participant shall not:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: justify">create, establish, enter into, be employed by or engage in any manner, either directly or indirectly,
in any business which competes with the Company&rsquo;s business;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: justify">solicit customers, business, patronage or orders for, or sell, any products or services in competition
with, or for any business that competes with, the Company&rsquo;s business;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: justify">divert, entice or otherwise take away any customers, vendors, business, patronage or orders of the Company
or attempt to do so; or</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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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<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: 1.5in"></TD><TD STYLE="width: 0.5in">(D)</TD><TD STYLE="text-align: justify">promote or assist, financially or otherwise, any person, firm, association, partnership, corporation or
other entity engaged in any business which competes with the Company&rsquo;s business.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify"><U>Covenants Following Termination</U>. For a period of two (2) years following the termination of the
Participant&rsquo;s employment for any reason, the Participant shall not:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: justify">accept employment from, enter into or engage in any business which competes with the Company&rsquo;s Business
within the Restricted Territory;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: justify">solicit customers, business, patronage or orders for, or sell, any products and services in competition
with, or for any business, wherever located, that competes with, the Company&rsquo;s Business within the Restricted Territory;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: justify">divert, entice or otherwise take away any customers, business, patronage or orders of the Company within
the Restricted Territory, or attempt to do so; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(D)</TD><TD STYLE="text-align: justify">promote or assist, financially or otherwise, any person, firm, association, partnership, corporation or
other entity engaged in any business which competes with the Company&rsquo;s Business within the Restricted Territory.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify"><U>Indirect Competition</U>. For the purposes of <B><U>Section&nbsp;12(b)(i)</U></B> and <B><U>(ii)</U></B>
inclusive, but without limitation thereof, the Participant shall be in violation thereof if the Participant engages in any or all of the
activities set forth therein directly as an individual on the Participant&rsquo;s own account, or indirectly as a partner, joint venturer,
employee, agent, salesperson, consultant, officer and/or director of any firm, association, partnership, corporation or other entity,
or as a stockholder of any corporation in which the Participant or the Participant&rsquo;s spouse, child or parent owns, directly or indirectly,
individually or in the aggregate, more than five percent (5%) of the outstanding stock.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">If it shall be judicially determined that the Participant has violated this <B><U>Section&nbsp;12(b)</U></B>,
then the period applicable to each obligation that the Participant shall have been determined to have violated shall automatically be
extended by a period of time equal in length to the period during which such violation(s) occurred.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify"><U>The Company</U>. For purposes of this <B><U>Section&nbsp;12</U></B>, the Company shall include any
and all direct and indirect subsidiary, parent, affiliated or related companies of the Company for which the Participant worked or had
responsibility at the time of termination of the Participant&rsquo;s employment and at any time during the two (2) year period prior to
such termination.</TD></TR></TABLE>

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

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

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<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">(d)</TD><TD STYLE="text-align: justify"><U>Non-Solicitation</U>. The Participant shall not, directly or indirectly, at any time, during the period
of the Participant&rsquo;s employment or for one year thereafter, attempt to disrupt, damage, impair or interfere with the Company&rsquo;s
business by raiding any of the Company&rsquo;s employees or soliciting any of them to resign from their employment with the Company, or
by disrupting the relationship between the Company and any of its consultants, agents or representatives. The Participant acknowledges
that this covenant is necessary to enable the Company to maintain a stable workforce and remain in business.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(e)</TD><TD><U>Further Covenants</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">The Participant shall keep in strict confidence, and shall not, directly or indirectly, at any time, during
or after the Participant&rsquo;s employment with the Company, disclose, furnish, disseminate, make available or, except in the course
of performing the Participant&rsquo;s duties of employment, use any trade secrets or confidential business and technical information of
the Company or its customers or vendors, without limitation as to when or how the Participant may have acquired such information. With
respect to materials that are trade secrets, the protection shall last for so long as the materials remain trade secrets as defined by
law. For the remainder of the confidential information, the protection shall last for 20 years post-termination. Such confidential information
shall include, without limitation, the Company&rsquo;s unique selling, manufacturing and servicing methods and business techniques, plant
schematics and operating manuals, training, service and business manuals, promotional materials, training courses and other training and
instructional materials, vendor and product information, customer and prospective customer lists, other customer and prospective customer
information, strategic business plans, systems designs and other business information. The Participant specifically acknowledges that
all such confidential information, whether reduced to writing, maintained on any form of electronic media or maintained in the mind or
memory of the Participant, and whether compiled by the Company and/or the Participant, derives independent economic value from not being
readily known to or ascertainable by proper means by others who can obtain economic value from its disclosure or use, that reasonable
efforts have been made by the Company to maintain the secrecy of such information, that such information is the sole property of the Company
and that any retention and use of such information by the Participant during the Participant&rsquo;s employment with the Company (except
in the course of performing the Participant&rsquo;s duties and obligations to the Company) or after the termination of the Participant&rsquo;s
employment shall constitute a misappropriation of the Company&rsquo;s trade secrets.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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-top: 0pt; margin-bottom: 0pt">&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: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">The U.S. Defend Trade Secrets Act of 2016 (&ldquo;<U>DTSA</U>&rdquo;) provides that an individual shall
not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (A) is
made in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney, and solely
for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a
lawsuit or other proceeding, if such filing is made under seal. In addition, the DTSA provides that an individual who files a lawsuit
for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual
and use the trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal
and does not disclose the trade secret, except pursuant to court order.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">The Participant agrees that upon termination of the Participant&rsquo;s employment with the Company for
any reason, the Participant shall return to the Company, in good condition, all property of the Company, including, without limitation,
the originals and all copies of any materials which contain, reflect, summarize, describe, analyze or refer or relate to any items of
information listed in <B><U>Section&nbsp;12(e)(i)</U></B> of this Agreement. In the event that such items are not so returned, the Company
shall have the right to charge the Participant for all reasonable damages, costs, attorneys&rsquo; fees and other expenses incurred in
searching for, taking, removing and/or recovering such property.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(f)</TD><TD><U>Discoveries and Inventions; Work Made for Hire</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">The Participant agrees that upon conception and/or development of any idea, discovery, invention,
                                                             improvement, software, writing or other material or design that: (A)&nbsp;relates to the business of the Company, or
                                                             (B)&nbsp;relates to the Company&rsquo;s actual or demonstrably anticipated research or development, or (C)&nbsp;results from any
                                                             work performed by the Participant for the Company, the Participant does hereby assign to the Company the entire right, title and
                                                             interest in and to any such idea, discovery, invention, improvement, software, writing or other material or design. The Participant
                                                             has no obligation to assign any idea, discovery, invention, improvement, software, writing or other material or design that the
                                                             Participant conceives and/or develops entirely on the Participant&rsquo;s own time without using the Company&rsquo;s equipment,
                                                             supplies, facilities, or trade secret information unless the idea, discovery, invention, improvement, software, writing or other
                                                             material or design: (x)&nbsp;relates to the business of the Company, or (y)&nbsp;relates to the Company&rsquo;s actual or
                                                             demonstrably anticipated research or development, or (z)&nbsp;results from any work performed by the Participant for the Company.
                                                             The Participant agrees that any idea, discovery, invention, improvement, software, writing or other material or design that relates
                                                             to the business of the Company or relates to the Company&rsquo;s actual or demonstrably anticipated research or development which is
                                                             conceived or suggested by the Participant, either solely or jointly with others, within one (1) year following the termination of
                                                             the Participant&rsquo;s employment shall be presumed to have been so made, conceived or suggested in the course of such employment with the use of the
Company&rsquo;s equipment, supplies, facilities, and/or trade secrets.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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-top: 0pt; margin-bottom: 0pt">&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: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">In order to determine the rights of the Participant and the Company in any idea, discovery, invention,
improvement, software, writing or other material, and to insure the protection of the same, the Participant agrees that during the Participant&rsquo;s
employment, and for two (2) years after the termination of the Participant&rsquo;s employment, the Participant shall disclose immediately
and fully to the Company any idea, discovery, invention, improvement, software, writing or other material or design conceived, made or
developed by the Participant solely or jointly with others. The Company agrees to keep any such disclosures confidential. The Participant
also agrees to record descriptions of all work in the manner directed by the Company and agrees that all such records and copies, samples
and experimental materials shall be the exclusive property of the Company. The Participant agrees that at the request of and without charge
to the Company, but at the Company&rsquo;s expense, the Participant shall execute a written assignment of the idea, discovery, invention,
improvement, software, writing or other material or design to the Company and shall assign to the Company any application for letters
patent or for trademark registration made thereon, and to any common-law or statutory copyright therein; and that Participant shall do
whatever may be necessary or desirable to enable the Company to secure any patent, trademark, copyright, or other property right therein
in the United States and in any foreign country, and any division, renewal, continuation, or continuation in part thereof, or for any
reissue of any patent issued thereon. In the event the Company is unable, after reasonable effort, and in any event after ten (10) business
days, to secure the Participant&rsquo;s signature on a written assignment to the Company of any application for letters patent or to any
common-law or statutory copyright or other property right therein, whether because of the Participant&rsquo;s physical or mental incapacity
or for any other reason whatsoever, the Participant irrevocably designates and appoints the Corporate Secretary of the Company as the
Participant&rsquo;s attorney-in-fact to act on the Participant&rsquo;s behalf to execute and file any such application and to do all other
lawfully permitted acts to further the prosecution and issuance of such letters patent, copyright or trademark.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">The Participant acknowledges that, to the extent permitted by law, all work papers, reports, documentation,
drawings, photographs, negatives, tapes and masters thereof, prototypes and other materials (hereinafter, &ldquo;items&rdquo;), including
without limitation, any and all such items generated and maintained on any form of electronic media, generated by the Participant during
the Participant&rsquo;s employment with the Company shall be considered a &ldquo;work made for hire&rdquo; and that ownership of any and
all copyrights in any and all such items shall belong to the Company. The item shall recognize the Company as the copyright owner, shall
contain all proper copyright notices, e.g., &ldquo;(creation date) PureCycle Technologies, Inc., All Rights Reserved,&rdquo; and shall be in condition
to be registered or otherwise placed in compliance with registration or other statutory requirements throughout the world.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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-top: 0pt; margin-bottom: 0pt">&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">(g)</TD><TD STYLE="text-align: justify"><U>Communication of Contents of Agreement</U>. While employed by the Company and for two (2) years thereafter,
the Participant shall communicate the contents of <B><U>Section&nbsp;12</U></B> of this Agreement to any person, firm, association, partnership,
corporation or other entity that the Participant intends to be employed by, associated with or represent.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(h)</TD><TD STYLE="text-align: justify"><U>Confidentiality Agreements</U>. The Participant agrees that the Participant shall not disclose to the
Company or induce the Company to use any secret or confidential information belonging to the Participant&rsquo;s former employers. The
Participant warrants that the Participant is not bound by the terms of a confidentiality agreement or other agreement with a third party
that would preclude or limit the Participant&rsquo;s right to work for the Company and/or to disclose to the Company any ideas, inventions,
discoveries, improvements or designs or other information that may be conceived during employment with the Company. The Participant agrees
to provide the Company with a copy of any and all agreements with a third party that preclude or limit the Participant&rsquo;s right to
make disclosures or to engage in any other activities contemplated by the Participant&rsquo;s employment with the Company.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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 STYLE="text-align: justify"><U>Relief</U>. The Participant acknowledges and agrees that the remedy at law available to the Company
for breach of any of the Participant&rsquo;s obligations under this Agreement would be inadequate. The Participant therefore agrees that,
in addition to any other rights or remedies that the Company may have at law or in equity, temporary and permanent injunctive relief may
be granted in any proceeding which may be brought to enforce any provision contained in <B><U>Sections 12(b)</U></B>, <B><U>12(d)</U></B>,
<B><U>12(e)</U></B>, <B><U>12(f)</U></B>, <B><U>12(g)</U></B> and <B><U>12(h)</U></B> inclusive, of this Agreement, without the necessity
of proof of actual damage.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(j)</TD><TD STYLE="text-align: justify"><U>Reasonableness</U>. The Participant acknowledges that the Participant&rsquo;s obligations under this
<B><U>Section&nbsp;12</U></B> are reasonable in the context of the nature of the Company&rsquo;s Business and the competitive injuries
likely to be sustained by the Company if the Participant were to violate such obligations. The Participant further acknowledges that this
Agreement is made in consideration of, and is adequately supported by, the agreement of the Company to perform its obligations under this
Agreement and by other consideration, which the Participant acknowledges constitutes good, valuable and sufficient consideration.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(k)</TD><TD STYLE="text-align: justify"><U>Other Acknowledgements</U>. The restrictions in this <B><U>Section&nbsp;12</U></B> do not supersede,
and are in addition to, restrictive covenants contained in any other form of agreement, such as an employment agreement, between the Company
and the Participant, to the extent enforceable pursuant to the terms of the other agreement. Nothing in this Agreement prevents the Participant
from providing, without prior notice to the Company, information to governmental authorities regarding possible legal violations or otherwise testifying
or participating in any investigation or proceeding by any governmental authorities regarding possible legal violations.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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-top: 0pt; margin-bottom: 0pt">&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">(l)</TD><TD STYLE="text-align: justify"><U>Prevailing Party&rsquo;s Litigation Expenses</U>. In the event of litigation between the Company and
the Participant related to this <B><U>Section&nbsp;12</U></B>, the non-prevailing party shall reimburse the prevailing party for any costs
and expenses (including, without limitation, attorneys&rsquo; fees) reasonably incurred by the prevailing party in connection therewith.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Survival</U></B>. Subject to any limits on applicability contained therein, <B><U>Section&nbsp;12</U></B> shall survive and
continue in full force in accordance with its terms notwithstanding any termination of the Participant&rsquo;s employment or the vesting
or forfeiture of this award.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Interpretation</U></B>. Any reference in this Agreement to Section 409A of the Code will also include any proposed, temporary
or final regulations, or any other guidance, promulgated with respect to such Section by the U.S. Department of the Treasury or the Internal
Revenue Service.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">15.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>No Right to Future Awards or Employment</U>. </B>The grant of the RSUs under this Agreement to the Participant is a voluntary,
discretionary award being made on a one-time basis and it does not constitute a commitment to make any future awards. The grant of the
RSUs and any payments made hereunder will not be considered salary or other compensation for purposes of any severance pay or similar
allowance, except as otherwise required by law. Nothing contained in this Agreement shall confer upon the Participant any right to be
employed or remain employed by the Company or any of its Subsidiaries, nor limit or affect in any manner the right of the Company or any
of its Subsidiaries to terminate the employment or adjust the compensation of the Participant.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">16.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Relation to Other Benefits</U></B>. Any economic or other benefit to the Participant under this Agreement or the Plan shall
not be taken into account in determining any benefits to which the Participant may be entitled under any other compensatory arrangement
maintained by the Company or any of its Subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">17.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Amendments</U></B>. Any amendment to the Plan shall be deemed to be an amendment to this Agreement to the extent that the
amendment is applicable hereto; <U>provided</U>, <U>however</U>, that no amendment shall adversely affect the rights of the Participant
under this Agreement without the Participant&rsquo;s written consent, and the Participant&rsquo;s consent shall not be required to an
amendment that is deemed necessary by the Company to ensure compliance with Section 409A of the Code or Section 10D of the Exchange Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">18.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Severability</U></B>. In the event that one or more of the provisions of this Agreement shall be invalidated for any reason
by a court of competent jurisdiction, any provision so invalidated shall be deemed to be separable from the other provisions hereof, and
the remaining provisions hereof shall continue to be valid and fully enforceable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">19.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Relation
to Plan</U></B>. The RSUs granted under this Agreement and all of the terms and conditions hereof are subject to all of the terms
and conditions of the Plan. In the event of any inconsistency between this Agreement and the Plan, the terms of the Plan will
govern. The Committee acting pursuant to the Plan, as constituted from time to time, shall, except as expressly provided otherwise
herein or in the Plan, have the right to determine any questions which arise in connection with this Agreement.</P>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">20.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Clawback</U></B>. Notwithstanding anything in this Agreement to the contrary, the Participant acknowledges and agrees that
this Agreement and the award described herein are subject to the terms and conditions of the Company&rsquo;s clawback policy (if any)
as may be in effect from time to time specifically to implement Section 10D of the Exchange Act and any applicable rules or regulations
promulgated thereunder (including applicable rules and regulations of any national securities exchange on which the Common Stock may be
traded).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">21.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Electronic Delivery</U></B>. The Company may, in its sole discretion, deliver any documents related to the RSUs and the Participant&rsquo;s
participation in the Plan, or future awards that may be granted under the Plan, by electronic means or request the Participant&rsquo;s
consent to participate in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery
and, if requested, agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company
or another third party designated by the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">22.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Choice of Law; Venue</U></B>. This Agreement shall be governed by and construed with the internal substantive laws of the
State of Delaware, without giving effect to any principle of law that would result in the application of the law of any other jurisdiction.
In addition, the Participant agrees that the state and federal courts located in the state of Florida shall have jurisdiction in any action,
suit or proceeding against the Participant based on or arising out of this Agreement and the Participant hereby: (a) submits to the personal
jurisdiction of such courts; (b) consents to service of process in connection with any action, suit or proceeding against the Participant;
and (c) irrevocably waives any other requirement (whether imposed by statute, rule of court or otherwise) or any objection which the Participant
now or hereafter may have with respect to personal jurisdiction, venue or service of process.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">23.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Successors and Assigns</U></B>. Without limiting <B><U>Section 3</U></B> hereof, the provisions of this Agreement shall inure
to the benefit of, and be binding upon, the successors, administrators, heirs, legal representatives and assigns of the Participant, and
the successors and assigns of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">24.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Acknowledgement</U></B>. The Participant acknowledges that the Participant (a) has received a copy of the Plan, (b) has had
an opportunity to review the terms of this Agreement and the Plan, (c) understands the terms and conditions of this Agreement and the
Plan and (d) agrees to such terms and conditions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">25.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Counterparts</U></B>. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an
original but all of which together will constitute one and the same agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signatures on following page</I>]</P>

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

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

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">IN WITNESS WHEREOF, the undersigned have executed
this Agreement on the day and year indicated below.</P>

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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif">PURECYCLE TECHNOLOGIES, INC.</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 45%">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">Participant Acknowledgment and Acceptance</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">&nbsp;</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 9%">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 41%">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;</TD></TR>
  </TABLE>




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

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

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

<P STYLE="text-align: right; margin: 0"><A NAME="a_002"></A><B>Exhibit 10.2</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NOTICE OF GRANT OF PERFORMANCE-BASED RESTRICTED
STOCK UNITS</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">PureCycle Technologies, Inc.
(the &ldquo;<U>Company</U>&rdquo;) hereby grants to the Participant the target number of performance-based Restricted Stock Units (&ldquo;<U>PRSUs</U>&rdquo;)
set forth below under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan (the &ldquo;<U>Plan</U>&rdquo;). The
PRSUs are subject to all of the terms and conditions in this Notice of Grant of Performance-Based Restricted Stock Units (this &ldquo;<U>Grant
Notice</U>&rdquo;), in the Performance-Based Restricted Stock Units Agreement attached hereto (the &ldquo;<U>Agreement</U>&rdquo;) and
in the Plan. Capitalized terms used, but not otherwise defined, in this Grant Notice will have the meanings given to such terms in the
Plan or Agreement, and the Plan and the Agreement are hereby incorporated by reference into this Grant Notice. If there are any inconsistences
between this Grant Notice or the Agreement and the Plan, the terms of the Plan shall govern.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-left: 0.5in; padding-bottom: 3pt"><B>Participant:</B></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 3pt">[Name]</TD></TR>
  <TR>
    <TD STYLE="padding-left: 0.5in; padding-bottom: 3pt"><B>Type of Grant:</B></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 3pt">Performance-based Restricted Stock Units</TD></TR>
  <TR>
    <TD STYLE="padding-left: 0.5in; padding-bottom: 3pt"><B>Date of Grant:</B></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 3pt">[Grant Date]</TD></TR>
  <TR>
    <TD STYLE="padding-left: 0.5in; padding-bottom: 3pt"><B>Total Target Number of PRSUs:</B></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 3pt">[#]</TD></TR>
  <TR>
    <TD STYLE="padding-left: 0.5in; vertical-align: bottom; width: 50%; padding-bottom: 6pt"><B>Performance Period:</B></TD>
    <TD STYLE="width: 49%">[The Date of Grant] through December 31, 2023</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 0.5in; padding-bottom: 3pt"><B>Potential Payout %:</B></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 3pt">From 0% to 200%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-bottom: 3pt; text-align: justify"><B>Vesting Terms:</B></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 3pt; text-align: justify">Subject to the terms and conditions set forth in the Agreement and in the Statement of Performance Goals, the PRSUs shall become earned (&ldquo;<U>Earned PRSUs</U>&rdquo;) to the extent that the performance goals for the PRSUs are achieved, as set forth or contemplated in the Statement of Performance Goals, provided (except as otherwise provided in the Agreement) that the Participant has remained in continuous employment with the Company or a Subsidiary through the last day of the Performance Period.</TD></TR>
  </TABLE>



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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURECYCLE TECHNOLOGIES, INC.</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><U>Performance-Based Restricted Stock Units
Agreement</U></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: justify; text-indent: 0.5in">PureCycle Technologies, Inc.
(the &ldquo;<U>Company</U>&rdquo;) has granted, pursuant to the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan
(the &ldquo;<U>Plan</U>&rdquo;), to the Participant named in the Notice of Grant of Performance-Based Restricted Stock Units (the &ldquo;<U>Grant
Notice</U>&rdquo;) to which this Performance-Based Restricted Stock Units Agreement is attached (together with the Grant Notice, this
 &ldquo;<U>Agreement</U>&rdquo;) an award of performance-based Restricted Stock Units as set forth in such Grant Notice, subject to the
terms and conditions set forth in this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Certain Definitions</U></B>. Capitalized terms used, but not otherwise defined, in this Agreement will have the meanings
given to such terms in the Grant Notice, or, if not defined therein, then in the Plan. As used in this Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify">&ldquo;<U>Cause</U>&rdquo; shall mean &ldquo;Cause&rdquo; (or a term of substantively similar meaning)
as defined in an individual employment agreement in effect as of the Date of Grant between the Participant and the Company or any Subsidiary
(an &ldquo;<U>Employment Agreement</U>&rdquo;) or as set forth in an executive severance plan in which the Participant participates as
of the Date of Grant, if any in each case, or, if the Participant does not have an Employment Agreement or participate in such executive
severance plan as of the Date of Grant (or such Employment Agreement or plan does not define &ldquo;Cause&rdquo;), then &ldquo;Cause&rdquo;
shall mean (i) the Participant&rsquo;s commission of, conviction for, or plea of guilty or nolo contendere to, a felony or a crime involving
moral turpitude, or other material act or omission involving dishonesty or fraud, (ii) the Participant&rsquo;s conduct that results in
or is reasonably likely to result in harm to the reputation or business of the Company or any of its affiliates in any material way, (iii)
the Participant&rsquo;s failure to perform duties as reasonably directed by the Company or the Participant&rsquo;s material violation
of any rule, regulation, policy or plan for the conduct of any service provider to the Company or its affiliates or its or their business
(which, if curable, is not cured within 5 days after notice thereof is provided to the Participant) or (iv) the Participant&rsquo;s gross
negligence, willful malfeasance or material act of disloyalty with respect to the Company or its affiliates (which, if curable, is not
cured within 5 days after notice thereof is provided to the Participant).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">&ldquo;<U>Company&rsquo;s Business</U>&rdquo; means the design, development, manufacture, marketing or
sale of sustainable plastic solutions, recycling technology or related services and any other business that the Company conducts as evidenced
on the Company&rsquo;s website or marketing materials of the Company.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify">&ldquo;<U>Disability</U>&rdquo; (or similar terms) shall mean&nbsp;a circumstance in which the Participant
is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can
be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months and otherwise
satisfies the requirements to be disabled under Section 409A of the Code.</TD></TR></TABLE>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&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">(d)</TD><TD STYLE="text-align: justify">&ldquo;<U>Good Reason</U>&rdquo; shall have the meaning set forth in the Participant&rsquo;s Employment
Agreement or set forth in an executive severance plan in which the Participant participates as of the Date of Grant, if any, or, if the
Participant does not have an Employment Agreement or participate in such executive severance plan as of the Date of Grant (or such Employment
Agreement or plan does not define &ldquo;Good Reason&rdquo;), then &ldquo;Good Reason&rdquo; shall mean the occurrence of any of the following
events without the Participant&rsquo;s express written consent: (i) an involuntary material reduction in the Participant&rsquo;s then-current
base salary, (ii) a mandatory relocation of the Participant&rsquo;s primary work location to a location more than 50 miles from the Participant&rsquo;s
work location as of the date of this Agreement or (iii) a material breach by the Company of the terms of this Agreement. To terminate
the Participant&rsquo;s employment for Good Reason, the Participant must provide written notice to the Company of the existence of the
circumstances providing grounds for termination for Good Reason within 90 days of the initial existence of such grounds and the Company
must have at least 30 days from the date on which such notice is provided to cure such circumstances. If the Participant does not terminate
his employment for Good Reason within 30 days after the expiration of the Company&rsquo;s cure period, then the Participant will be deemed
to have waived his right to terminate for Good Reason with respect to such grounds.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(e)</TD><TD STYLE="text-align: justify">&ldquo;<U>Restricted Territory</U>&rdquo; means: (i) the geographic area(s) within a fifty (50) mile radius
of any and all Company location(s) in, to, or for which the Participant worked, to which the Participant was assigned or had any responsibility
(either direct or supervisory) at the time of termination of the Participant&rsquo;s employment and at any time during the two (2) year
period prior to such termination; (ii) the United States, and (iii) all of the specific customer accounts, whether within or outside of
the geographic area described in (i) and (ii) above, with which the Participant had any contact or for which the Participant had any responsibility
(either direct or supervisory) at the time of termination of the Participant&rsquo;s employment and at any time during the two (2) year
period prior to such termination.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Grant of PRSUs</U></B>. Subject to and upon the terms, conditions and restrictions set forth in this Agreement and in the
Plan, the Company has granted to the Participant, as of the Date of Grant, the target number of performance-based Restricted Stock Units
set forth in the Grant Notice (the &ldquo;<U>PRSUs</U>&rdquo;). Each earned and vested PRSU shall represent the right of the Participant
to receive one share of Common Stock subject to and upon the terms and conditions of this Agreement, the Plan and the achievement of the
Management Objectives approved by the Committee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Restrictions
on Transfer of PRSUs</U></B>. Subject to Section 15 of the Plan, neither the PRSUs evidenced hereby nor any interest therein or in
the shares of Common Stock underlying such PRSUs shall be transferable prior to payment to the Participant pursuant to <B><U>Section
6</U></B> hereof other than by will or pursuant to the laws of descent and distribution.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Vesting of PRSUs</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify"><U>General Rule</U>. The PRSUs shall be subject to the terms of the Statement of Performance Goals provided
to the Participant with respect to the PRSUs and approved by the Committee. As set forth in the Grant Notice, Earned PRSUs will be determined
for the PRSUs in accordance with the Statement of Performance Goals on the date on which the Committee determines the level of attainment
of the performance goals for the PRSUs (the &ldquo;<U>Determination Date</U>&rdquo;). The Determination Date for the PRSUs shall occur
no later than 2 &frac12; months after the end of the Performance Period. Provided that the Participant remains continuously employed with
the Company or a Subsidiary through the last day of the Performance Period, the total Earned PRSUs shall vest on the Determination Date.
Any PRSUs that do not so become vested will be forfeited, including, except as provided in <B><U>Section 4(b)</U></B> below, if the Participant
ceases to be continuously employed by the Company or a Subsidiary for any reason prior to the end of the Performance Period. For purposes
of this Agreement, &ldquo;continuously employed&rdquo; (or substantially similar terms) means the absence of any interruption or termination
of the Participant&rsquo;s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated
in the case of transfers between locations of the Company and its Subsidiaries.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify"><U>Special Circumstances</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> above, upon any termination of the Participant&rsquo;s employment
as a result of a termination by the Company or a Subsidiary without Cause or by the Participant for Good Reason prior to the end of the
Performance Period, a pro rata portion of the PRSUs shall remain outstanding and eligible to vest on the applicable Determination Date
for such PRSUs (based on the actual achievement of any applicable performance goals, as determined by the Committee on such Determination
Date), with such pro-rata portion determined by multiplying (i) the total number of PRSUs by (ii) a fraction, the numerator of which is
the number of calendar days that shall have elapsed from the first day of the Performance Period until the date of such termination and
the denominator of which is the number of calendar days in the full Performance Period, and subtracting from such amount the number of
PRSUs (if any) that previously vested.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> or <B><U>Section 4(b)(i)</U></B> above, upon the Participant&rsquo;s
death or Disability, in each case prior to the end of the Performance Period, a pro rata portion of the PRSUs shall immediately vest (with
any applicable performance goals that have not yet been scored deemed to have been attained at the target level), with such pro-rata portion
determined by multiplying (x) the target number of PRSUs by (y) a fraction, the numerator of which is the number
of calendar days that shall have elapsed from the first day of the Performance Period until the date of such death or Disability and the
denominator of which is the number of calendar days in the full Performance Period, and subtracting from such amount the number of PRSUs
(if any) that previously vested.</TD></TR></TABLE>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&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: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> or <B><U>Section 4(b)(i)</U></B> above, in the event of a Change
in Control that occurs prior to the end of the Performance Period, the PRSUs shall become vested and payable in accordance with <B><U>Section
5</U></B> below.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify"><B><U>Effect of a Change in Control</U></B>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(a)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> or <B><U>Section 4(b)(i)</U></B> above, if at any time before
the end of the Performance Period or forfeiture of the PRSUs, and while the Participant is continuously employed by the Company or a Subsidiary
(or if the Participant&rsquo;s employment terminated as a result of a termination by the Company or a Subsidiary without Cause or by the
Participant for Good Reason), a Change in Control occurs, then all of the PRSUs will become immediately vested (with any applicable performance
goals that have not yet been scored deemed to have been attained at the target level), except to the extent that a Replacement Award is
provided to the Participant in accordance with <B><U>Section 5(b)</U></B> to continue, replace or assume the PRSUs covered by this Agreement
(the &ldquo;<U>Replaced Award</U>&rdquo;) immediately prior to (and contingent upon) the Change in Control.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">For purposes of this Agreement, a &ldquo;<U>Replacement Award</U>&rdquo; means an award (i) of the same
type (<I>e.g</I>., performance-based restricted stock units) as the Replaced Award, (ii) that has a value at least equal to the value
of the Replaced Award, (iii) that relates to publicly traded equity securities of the Company or its successor in the Change in Control
or another entity that is affiliated with the Company or its successor following the Change in Control, (iv) if the Participant holding
the Replaced Award is subject to U.S. federal income tax under the Code, the tax consequences of which to such Participant under the Code
are not less favorable to such Participant than the tax consequences of the Replaced Award, and (v) the other terms and conditions of
which are not less favorable to the Participant holding the Replaced Award than the terms and conditions of the Replaced Award (including
the provisions that would apply in the event of a subsequent termination of employment or Change in Control). A Replacement Award may
be granted only to the extent it does not result in the Replaced Award or Replacement Award failing to comply with or be exempt from Section
409A of the Code. Without limiting the generality of the foregoing, the Replacement Award may take the form of a continuation of the Replaced
Award if the requirements of the two preceding sentences are satisfied. The determination of whether the conditions of this paragraph
are satisfied will be made by the Board or Committee, as constituted immediately before the Change in Control, in its sole discretion.</TD></TR></TABLE>

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

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

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<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">(c)</TD><TD STYLE="text-align: justify">If, within 12 months after receiving a Replacement Award, the Participant experiences a termination of
employment with the Company or a Subsidiary (or any of their successors) (as applicable, the &ldquo;<U>Successor</U>&rdquo;) by reason
of a termination by the Successor without Cause or by the Participant for Good Reason during the remaining vesting period for the Replacement
Award, a pro rata portion of the PRSUs shall immediately vest (with any applicable performance goals that have not yet been scored deemed
to have been attained at the target level as of the date of such vesting), with such pro-rata portion determined by multiplying (i) the
target number of PRSUs by (ii) a fraction, the numerator of which is the number of calendar days that shall have elapsed from the first
day of the Performance Period until the date of such termination and the denominator of which is the number of calendar days in the full
Performance Period, and subtracting from such amount the number of PRSUs (if any) that previously vested.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Form and Time of Payment of PRSUs</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify">Payment for the PRSUs, after and to the extent they have become vested, shall be made in the form of shares
of Common Stock.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">Except as otherwise provided in <B><U>Section&nbsp;6(c)</U></B>, payment of the PRSUs (to the extent not
previously made) shall be made between January 1 and March 15 of the calendar year following the calendar year in which the Performance
Period ends.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 6(b)</U></B>, and subject to <B><U>Section&nbsp;6(d)</U></B>, payment of
the PRSUs (to the extent not previously made) shall be made within 30 days after the following events, to the extent the PRSUs are not
subject to a &ldquo;substantial risk of forfeiture&rdquo; as determined for purposes of Section 409A of the Code on the date of such event:
(i) the Participant&rsquo;s death; (ii) the Participant&rsquo;s Disability; (iii) a Change in Control that constitutes a &ldquo;change
in control event&rdquo; for purposes of Treasury Regulation Section 1.409A-3(i)(5) (a &ldquo;<B><I>409A Change in Control</I></B>&rdquo;);
and (iv) the Participant&rsquo;s separation from service (within the meaning of Section 409A of the Code) that occurs within 24 months
after a 409A Change in Control.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(d)</TD><TD STYLE="text-align: justify">If, at the time of a Participant&rsquo;s separation from service (within the meaning of Section 409A of
the Code), (i) the Participant will be a specified employee (within the meaning of Section 409A of the Code and using the identification
methodology selected by the Company from time to time) and (ii) the Company makes a good faith determination that an amount payable hereunder
constitutes deferred compensation (within the meaning of Section 409A of the Code) the payment of which is required to be delayed pursuant
to the six-month delay rule set forth in Section 409A of the Code in order to avoid taxes or penalties under Section 409A of the Code,
then the Company will not pay such amount on the otherwise scheduled payment date but will instead pay it, without interest, on the tenth
business day of the seventh month after such separation from service.</TD></TR></TABLE>

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

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

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<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">(e)</TD><TD STYLE="text-align: justify">The Company&rsquo;s obligations to the Participant with respect to the PRSUs will be satisfied in full
upon the issuance of shares of Common Stock corresponding to such PRSUs.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Dividend Equivalents; Voting and Other Rights</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify">The Participant shall have no rights of ownership in the shares of Common Stock underlying the PRSUs and
no right to vote the shares of Common Stock underlying the PRSUs until the date on which the shares of Common Stock underlying the PRSUs
are issued or transferred to the Participant pursuant to <B><U>Section 6</U></B> above.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">From and after the Date of Grant and until the earlier of (i) the time when the PRSUs become vested and
are paid in accordance with <B><U>Section 6</U></B> hereof and (ii) the time when the Participant&rsquo;s right to receive shares of Common
Stock in payment of the PRSUs is forfeited in accordance with <B><U>Section 4</U></B> hereof, on the date that the Company pays a cash
dividend (if any) to holders of shares of Common Stock generally, the Participant shall be credited with cash per PRSU equal to the amount
of such dividend. Any amounts credited pursuant to the immediately preceding sentence shall be subject to the same applicable terms and
conditions (including vesting, payment and forfeitability) as apply to the PRSUs based on which the dividend equivalents were credited,
and such amounts shall be paid in cash at the same time as the PRSUs to which they relate are settled.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify">The obligation of the Company under this Agreement will be merely that of an unfunded and unsecured promise
of the Company to deliver shares of Common Stock in the future, and the rights of the Participant will be no greater than that of an unsecured
general creditor. No assets of the Company will be held or set aside as security for the obligations of the Company under this Agreement.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Adjustments</U></B>. The PRSUs and the number of shares of Common Stock issuable for each PRSU and the other terms and conditions
of the grant evidenced by this Agreement are subject to mandatory adjustment, including as provided in Section 11 of the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Taxes</U></B>.
To the extent that the Company is required to withhold federal, state, local, or foreign taxes or other amounts in connection with
any payment made or benefit realized by the Participant under this Agreement, and the amounts available to the Company for such
withholding are insufficient, it shall be a condition to the receipt of such payment or the realization of such benefit that the
Participant make arrangements satisfactory to the Company for payment of the balance of such taxes or other amounts required to be
withheld. If the Participant&rsquo;s benefit is to be received in the form of shares of Common Stock, then, unless otherwise
determined by the Committee, the Company will withhold shares of Common Stock having a value equal to the amount required to be
withheld. The shares of Common Stock used for tax or other withholding will be valued at an amount equal to the fair market value of
such shares of Common Stock on the date the benefit is to be included in the Participant&rsquo;s income. In no event will the market
value of Common Stock to be withheld pursuant to this <B><U>Section 9</U></B> to satisfy applicable withholding taxes or other
amounts exceed the minimum amount of taxes required to be withheld. Notwithstanding any other provision of this Agreement, the
Company shall not be obligated to guarantee any particular tax result for the Participant with respect to any payment provided to
the Participant hereunder, and the Participant shall be responsible for any taxes imposed on the Participant with respect to any
such payment.</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD>The Company shall make reasonable efforts to comply with all applicable federal and state securities laws; <U>provided</U>, <U>however</U>,
that notwithstanding any other provision of the Plan and this Agreement, the Company shall not be obligated to issue any shares of Common
Stock pursuant to this Agreement if the issuance thereof would result in a violation of any such law.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">Notwithstanding anything in this Agreement to the contrary, nothing in this Agreement prevents the Participant
from providing, without prior notice to the Company, information to governmental authorities regarding possible legal violations or otherwise
testifying or participating in any investigation or proceeding by any governmental authorities regarding possible legal violations, and
for purpose of clarity the Participant is not prohibited from providing information voluntarily to the Securities and Exchange Commission
pursuant to Section 21F of the Exchange Act.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Compliance With Section 409A of the Code</U></B>. To the extent applicable, it is intended that this Agreement and the Plan
comply with the provisions of Section 409A of the Code. This Agreement and the Plan shall be administered in a manner consistent with
this intent, and any provision that would cause this Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force
or effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section
409A of the Code and may be made by the Company without the consent of the Participant). Notwithstanding the foregoing, the Company is
not guaranteeing any particular tax outcome, and the Participant shall remain solely liable for any and all tax consequences associated
with the PRSUs.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Competitive Activity; Non-Solicitation; Confidentiality</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify"><U>Acknowledgements and Agreements</U>. The Participant hereby acknowledges and agrees that in the performance
of Participant&rsquo;s duties to the Company, the Participant shall be brought into frequent contact with existing and potential customers
of the Company throughout the world. The Participant also agrees that trade secrets and confidential information of the Company, more
fully described in <B><U>Section&nbsp;12(e)(i)</U></B>, gained by the Participant during the Participant&rsquo;s association with the
Company, have been developed by the Company through substantial expenditures of time, effort and money and constitute valuable and unique
property of the Company. The Participant further understands and agrees that the foregoing makes it necessary for the protection of the
Company&rsquo;s business that the Participant not compete with the Company during the Participant&rsquo;s employment with the Company
and not compete with the Company for a reasonable period thereafter, as further provided in the following subparagraphs. In consideration
of the Participant&rsquo;s receipt of the PRSUs
and the confidential information described herein, the Participant agrees to the restrictive covenants in this <B><U>Section 12</U></B>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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-top: 0pt; margin-bottom: 0pt">&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">(b)</TD><TD><U>Covenants</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify"><U>Covenants During Employment</U>. While employed by the Company, the Participant shall not compete with
the Company anywhere in the world. In accordance with this restriction, but without limiting its terms, while employed by the Company,
the Participant shall not:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: justify">create, establish, enter into, be employed by or engage in any manner, either directly or indirectly,
in any business which competes with the Company&rsquo;s business;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: justify">solicit customers, business, patronage or orders for, or sell, any products or services in competition
with, or for any business that competes with, the Company&rsquo;s business;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: justify">divert, entice or otherwise take away any customers, vendors, business, patronage or orders of the Company
or attempt to do so; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(D)</TD><TD STYLE="text-align: justify">promote or assist, financially or otherwise, any person, firm, association, partnership, corporation or
other entity engaged in any business which competes with the Company&rsquo;s business.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify"><U>Covenants Following Termination</U>. For a period of two (2) years following the termination of the
Participant&rsquo;s employment for any reason, the Participant shall not:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: justify">accept employment from, enter into or engage in any business which competes with the Company&rsquo;s Business
within the Restricted Territory;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: justify">solicit customers, business, patronage or orders for, or sell, any products and services in competition
with, or for any business, wherever located, that competes with, the Company&rsquo;s Business within the Restricted Territory;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: justify">divert, entice or otherwise take away any customers, business, patronage or orders of the Company within
the Restricted Territory, or attempt to do so; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(D)</TD><TD STYLE="text-align: justify">promote or assist, financially or otherwise, any person, firm, association, partnership, corporation or
other entity engaged in any business which competes with the Company&rsquo;s Business within the Restricted Territory.</TD></TR></TABLE>

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

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

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<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: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify"><U>Indirect Competition</U>. For the purposes of <B><U>Section&nbsp;12(b)(i)</U></B> and <B><U>(ii)</U></B>
inclusive, but without limitation thereof, the Participant shall be in violation thereof if the Participant engages in any or all of the
activities set forth therein directly as an individual on the Participant&rsquo;s own account, or indirectly as a partner, joint venturer,
employee, agent, salesperson, consultant, officer and/or director of any firm, association, partnership, corporation or other entity,
or as a stockholder of any corporation in which the Participant or the Participant&rsquo;s spouse, child or parent owns, directly or indirectly,
individually or in the aggregate, more than five percent (5%) of the outstanding stock.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">If it shall be judicially determined that the Participant has violated this <B><U>Section&nbsp;12(b)</U></B>,
then the period applicable to each obligation that the Participant shall have been determined to have violated shall automatically be
extended by a period of time equal in length to the period during which such violation(s) occurred.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify"><U>The Company</U>. For purposes of this <B><U>Section&nbsp;12</U></B>, the Company shall include any
and all direct and indirect subsidiary, parent, affiliated or related companies of the Company for which the Participant worked or had
responsibility at the time of termination of the Participant&rsquo;s employment and at any time during the two (2) year period prior to
such termination.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(d)</TD><TD STYLE="text-align: justify"><U>Non-Solicitation</U>. The Participant shall not, directly or indirectly, at any time, during the period
of the Participant&rsquo;s employment or for one year thereafter, attempt to disrupt, damage, impair or interfere with the Company&rsquo;s
business by raiding any of the Company&rsquo;s employees or soliciting any of them to resign from their employment with the Company, or
by disrupting the relationship between the Company and any of its consultants, agents or representatives. The Participant acknowledges
that this covenant is necessary to enable the Company to maintain a stable workforce and remain in business.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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-top: 0pt; margin-bottom: 0pt">&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">(e)</TD><TD><U>Further Covenants</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">The Participant shall keep in strict confidence, and shall not, directly or indirectly, at any time, during
or after the Participant&rsquo;s employment with the Company, disclose, furnish, disseminate, make available or, except in the course
of performing the Participant&rsquo;s duties of employment, use any trade secrets or confidential business and technical information of
the Company or its customers or vendors, without limitation as to when or how the Participant may have acquired such information. With
respect to materials that are trade secrets, the protection shall last for so long as the materials remain trade secrets as defined by
law. For the remainder of the confidential information, the protection shall last for 20 years post-termination. Such confidential information
shall include, without limitation, the Company&rsquo;s unique selling, manufacturing and servicing methods and business techniques, plant
schematics and operating manuals, training, service and business manuals, promotional
materials, training courses and other training and instructional materials, vendor and product information, customer and prospective customer
lists, other customer and prospective customer information, strategic business plans, systems designs and other business information.
The Participant specifically acknowledges that all such confidential information, whether reduced to writing, maintained on any form of
electronic media or maintained in the mind or memory of the Participant, and whether compiled by the Company and/or the Participant, derives
independent economic value from not being readily known to or ascertainable by proper means by others who can obtain economic value from
its disclosure or use, that reasonable efforts have been made by the Company to maintain the secrecy of such information, that such information
is the sole property of the Company and that any retention and use of such information by the Participant during the Participant&rsquo;s
employment with the Company (except in the course of performing the Participant&rsquo;s duties and obligations to the Company) or after
the termination of the Participant&rsquo;s employment shall constitute a misappropriation of the Company&rsquo;s trade secrets.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">The U.S. Defend Trade Secrets Act of 2016 (&ldquo;<U>DTSA</U>&rdquo;) provides that an individual shall
not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (A) is
made in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney, and solely for
the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit
or other proceeding, if such filing is made under seal. In addition, the DTSA provides that an individual who files a lawsuit for retaliation
by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the
trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal and does
not disclose the trade secret, except pursuant to court order.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">The Participant agrees that upon termination of the Participant&rsquo;s employment with the Company for
any reason, the Participant shall return to the Company, in good condition, all property of the Company, including, without limitation,
the originals and all copies of any materials which contain, reflect, summarize, describe, analyze or refer or relate to any items of
information listed in <B><U>Section&nbsp;12(e)(i)</U></B> of this Agreement. In the event that such items are not so returned, the Company
shall have the right to charge the Participant for all reasonable damages, costs, attorneys&rsquo; fees and other expenses incurred in
searching for, taking, removing and/or recovering such property.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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-top: 0pt; margin-bottom: 0pt">&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">(f)</TD><TD><U>Discoveries and Inventions; Work Made for Hire</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">The Participant agrees that upon conception and/or development of any idea, discovery, invention, improvement,
software, writing or other material or design that: (A)&nbsp;relates to the business of the Company, or (B)&nbsp;relates to the Company&rsquo;s
actual or demonstrably anticipated research or development, or (C)&nbsp;results from any work performed by the Participant for the Company,
the Participant does hereby assign to the Company the entire right, title and interest in and to any such idea, discovery, invention,
improvement, software, writing or other material or design. The Participant has no obligation to assign any idea, discovery, invention,
improvement, software, writing or other material or design that the Participant conceives and/or develops entirely on the Participant&rsquo;s
own time without using the Company&rsquo;s equipment, supplies, facilities, or trade secret information unless the idea, discovery, invention,
improvement, software, writing or other material or design: (x)&nbsp;relates to the business of the Company, or (y)&nbsp;relates to the
Company&rsquo;s actual or demonstrably anticipated research or development, or (z)&nbsp;results from any work performed by the Participant
for the Company. The Participant agrees that any idea, discovery, invention, improvement, software, writing or other material or design
that relates to the business of the Company or relates to the Company&rsquo;s actual or demonstrably anticipated research or development
which is conceived or suggested by the Participant, either solely or jointly with others, within one (1) year following the termination
of the Participant&rsquo;s employment shall be presumed to have been so made, conceived or suggested in the course of such employment
with the use of the Company&rsquo;s equipment, supplies, facilities, and/or trade secrets.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">In order to determine the rights of the Participant and the Company in any idea, discovery, invention,
improvement, software, writing or other material, and to insure the protection of the same, the Participant agrees that during the Participant&rsquo;s
employment, and for two (2) years after the termination of the Participant&rsquo;s employment, the Participant shall disclose immediately
and fully to the Company any idea, discovery, invention, improvement, software, writing or other material or design conceived, made or
developed by the Participant solely or jointly with others. The Company agrees to keep any such disclosures confidential. The Participant
also agrees to record descriptions of all work in the manner directed by the Company and agrees that all such records and copies, samples
and experimental materials shall be the exclusive property of the Company. The Participant agrees that at the request of and without charge
to the Company, but at the Company&rsquo;s expense, the Participant shall execute a written assignment of the idea, discovery, invention,
improvement, software, writing or other material or design to the Company and shall assign to the Company any application for letters
patent or for trademark registration made thereon, and to any common-law or statutory copyright therein; and that Participant shall do
whatever may be necessary or desirable to enable the Company to secure any patent, trademark, copyright, or other property right therein
in the United States and in any foreign country, and any division, renewal, continuation, or continuation in part
thereof, or for any reissue of any patent issued thereon. In the event the Company is unable, after reasonable effort, and in any event
after ten (10) business days, to secure the Participant&rsquo;s signature on a written assignment to the Company of any application for
letters patent or to any common-law or statutory copyright or other property right therein, whether because of the Participant&rsquo;s
physical or mental incapacity or for any other reason whatsoever, the Participant irrevocably designates and appoints the Corporate Secretary
of the Company as the Participant&rsquo;s attorney-in-fact to act on the Participant&rsquo;s behalf to execute and file any such application
and to do all other lawfully permitted acts to further the prosecution and issuance of such letters patent, copyright or trademark.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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-top: 0pt; margin-bottom: 0pt">&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: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">The Participant acknowledges that, to the extent permitted by law, all work papers, reports, documentation,
drawings, photographs, negatives, tapes and masters thereof, prototypes and other materials (hereinafter, &ldquo;items&rdquo;), including
without limitation, any and all such items generated and maintained on any form of electronic media, generated by the Participant during
the Participant&rsquo;s employment with the Company shall be considered a &ldquo;work made for hire&rdquo; and that ownership of any and
all copyrights in any and all such items shall belong to the Company. The item shall recognize the Company as the copyright owner, shall
contain all proper copyright notices, e.g., &ldquo;(creation date) PureCycle Technologies, Inc., All Rights Reserved,&rdquo; and shall
be in condition to be registered or otherwise placed in compliance with registration or other statutory requirements throughout the world.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(g)</TD><TD STYLE="text-align: justify"><U>Communication of Contents of Agreement</U>. While employed by the Company and for two (2) years thereafter,
the Participant shall communicate the contents of <B><U>Section&nbsp;12</U></B> of this Agreement to any person, firm, association, partnership,
corporation or other entity that the Participant intends to be employed by, associated with or represent.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(h)</TD><TD STYLE="text-align: justify"><U>Confidentiality Agreements</U>. The Participant agrees that the Participant shall not disclose to the
Company or induce the Company to use any secret or confidential information belonging to the Participant&rsquo;s former employers. The
Participant warrants that the Participant is not bound by the terms of a confidentiality agreement or other agreement with a third party
that would preclude or limit the Participant&rsquo;s right to work for the Company and/or to disclose to the Company any ideas, inventions,
discoveries, improvements or designs or other information that may be conceived during employment with the Company. The Participant agrees
to provide the Company with a copy of any and all agreements with a third party that preclude or limit the Participant&rsquo;s right to
make disclosures or to engage in any other activities contemplated by the Participant&rsquo;s employment with the Company.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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 STYLE="text-align: justify"><U>Relief</U>. The Participant acknowledges and agrees that the remedy at law available to the Company
for breach of any of the Participant&rsquo;s obligations under this Agreement would be inadequate. The Participant
therefore agrees that, in addition to any other rights or remedies that the Company may have at law or in equity, temporary and permanent
injunctive relief may be granted in any proceeding which may be brought to enforce any provision contained in <B><U>Sections 12(b)</U></B>,
<B><U>12(d)</U></B>, <B><U>12(e)</U></B>, <B><U>12(f)</U></B>, <B><U>12(g)</U></B> and <B><U>12(h)</U></B> inclusive, of this Agreement,
without the necessity of proof of actual damage.</TD></TR></TABLE>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&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">(j)</TD><TD STYLE="text-align: justify"><U>Reasonableness</U>. The Participant acknowledges that the Participant&rsquo;s obligations under this
<B><U>Section&nbsp;12</U></B> are reasonable in the context of the nature of the Company&rsquo;s Business and the competitive injuries
likely to be sustained by the Company if the Participant were to violate such obligations. The Participant further acknowledges that this
Agreement is made in consideration of, and is adequately supported by, the agreement of the Company to perform its obligations under this
Agreement and by other consideration, which the Participant acknowledges constitutes good, valuable and sufficient consideration.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(k)</TD><TD STYLE="text-align: justify"><U>Other Acknowledgements</U>. The restrictions in this <B><U>Section&nbsp;12</U></B> do not supersede,
and are in addition to, restrictive covenants contained in any other form of agreement, such as an employment agreement, between the Company
and the Participant, to the extent enforceable pursuant to the terms of the other agreement. Nothing in this Agreement prevents the Participant
from providing, without prior notice to the Company, information to governmental authorities regarding possible legal violations or otherwise
testifying or participating in any investigation or proceeding by any governmental authorities regarding possible legal violations.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(l)</TD><TD STYLE="text-align: justify"><U>Prevailing Party&rsquo;s Litigation Expenses</U>. In the event of litigation between the Company and
the Participant related to this <B><U>Section&nbsp;12</U></B>, the non-prevailing party shall reimburse the prevailing party for any costs
and expenses (including, without limitation, attorneys&rsquo; fees) reasonably incurred by the prevailing party in connection therewith.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Survival</U></B>. Subject to any limits on applicability contained therein, <B><U>Section&nbsp;12</U></B> shall survive and
continue in full force in accordance with its terms notwithstanding any termination of the Participant&rsquo;s employment or the vesting
or forfeiture of this award.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Interpretation</U></B>. Any reference in this Agreement to Section 409A of the Code will also include any proposed, temporary
or final regulations, or any other guidance, promulgated with respect to such Section by the U.S. Department of the Treasury or the Internal
Revenue Service.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">15.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>No
Right to Future Awards or Employment</U></B>. The grant of the PRSUs under this Agreement to the Participant is a voluntary,
discretionary award being made on a one-time basis and it does not constitute a commitment to make any future awards. The grant of
the PRSUs and any payments made hereunder will not be considered salary or other compensation for purposes of any severance pay or
similar allowance, except as otherwise required by law. Nothing contained in this Agreement shall confer upon the Participant any
right to be employed or remain employed by the Company or any of its Subsidiaries, nor limit or affect in any manner the right of
the Company or any of its Subsidiaries to terminate the employment or adjust the compensation of the Participant.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">16.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Relation to Other Benefits</U></B>. Any economic or other benefit to the Participant under this Agreement or the Plan shall
not be taken into account in determining any benefits to which the Participant may be entitled under any other compensatory arrangement
maintained by the Company or any of its Subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">17.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Amendments</U></B>. Any amendment to the Plan shall be deemed to be an amendment to this Agreement to the extent that the
amendment is applicable hereto; <U>provided</U>, <U>however</U>, that no amendment shall adversely affect the rights of the Participant
under this Agreement without the Participant&rsquo;s written consent, and the Participant&rsquo;s consent shall not be required to an
amendment that is deemed necessary by the Company to ensure compliance with Section 409A of the Code or Section 10D of the Exchange Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">18.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Severability</U></B>. In the event that one or more of the provisions of this Agreement shall be invalidated for any reason
by a court of competent jurisdiction, any provision so invalidated shall be deemed to be separable from the other provisions hereof, and
the remaining provisions hereof shall continue to be valid and fully enforceable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">19.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Relation to Plan</U></B>. The PRSUs granted under this Agreement and all of the terms and conditions hereof are subject to
all of the terms and conditions of the Plan. In the event of any inconsistency between this Agreement and the Plan, the terms of the Plan
will govern. The Committee acting pursuant to the Plan, as constituted from time to time, shall, except as expressly provided otherwise
herein or in the Plan, have the right to determine any questions which arise in connection with this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">20.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Clawback</U></B>. Notwithstanding anything in this Agreement to the contrary, the Participant acknowledges and agrees that
this Agreement and the award described herein are subject to the terms and conditions of the Company&rsquo;s clawback policy (if any)
as may be in effect from time to time specifically to implement Section 10D of the Exchange Act and any applicable rules or regulations
promulgated thereunder (including applicable rules and regulations of any national securities exchange on which the Common Stock may be
traded).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">21.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Electronic Delivery</U></B>. The Company may, in its sole discretion, deliver any documents related to the PRSUs and the
Participant&rsquo;s participation in the Plan, or future awards that may be granted under the Plan, by electronic means or request the
Participant&rsquo;s consent to participate in the Plan by electronic means. The Participant hereby consents to receive such documents
by electronic delivery and, if requested, agrees to participate in the Plan through an on-line or electronic system established and maintained
by the Company or another third party designated by the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">22.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Choice
of Law; Venue</U></B>. This Agreement shall be governed by and construed with the internal substantive laws of the State of
Delaware, without giving effect to any principle of law that would result in the application of the law of any other jurisdiction.
In addition, the Participant agrees that the state and federal courts located in the state of Florida shall have jurisdiction in any
action, suit or proceeding against the Participant based on or arising out of this Agreement and the Participant hereby: (a) submits
to the personal jurisdiction of such courts; (b) consents to service of process in connection with any action, suit or proceeding
against the Participant; and (c) irrevocably waives any other requirement (whether imposed by statute, rule of court or otherwise)
or any objection which the Participant now or hereafter may have with respect to personal jurisdiction, venue or service of
process.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">23.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Successors and Assigns</U></B>. Without limiting <B><U>Section 3</U></B> hereof, the provisions of this Agreement shall inure
to the benefit of, and be binding upon, the successors, administrators, heirs, legal representatives and assigns of the Participant, and
the successors and assigns of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">24.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Acknowledgement</U></B>. The Participant acknowledges that the Participant (a) has received a copy of the Plan, (b) has had
an opportunity to review the terms of this Agreement and the Plan, (c) understands the terms and conditions of this Agreement and the
Plan and (d) agrees to such terms and conditions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">25.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Counterparts</U></B>. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an
original but all of which together will constitute one and the same agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signatures on following page</I>]</P>

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

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">IN WITNESS WHEREOF, the undersigned have executed
this Agreement on the day and year indicated below.</P>

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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif">PURECYCLE TECHNOLOGIES, INC.</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 45%">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
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    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">Participant Acknowledgment and Acceptance</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">&nbsp;</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 9%">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 41%">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;</TD></TR>
  </TABLE>




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

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

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

<P STYLE="text-align: right; margin: 0"><A NAME="a_003"></A><B>Exhibit 10.3</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NOTICE OF GRANT OF RESTRICTED STOCK </B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">PureCycle Technologies, Inc.
(the &#8220;<U>Company</U>&#8221;) hereby grants to the Participant the number of shares of Restricted Stock (&#8220;<U>Restricted Shares</U>&#8221;)
set forth below under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan (the &#8220;<U>Plan</U>&#8221;). The
Restricted Shares are subject to all of the terms and conditions in this Notice of Grant of Restricted Stock (this &#8220;<U>Grant Notice</U>&#8221;),
in the Restricted Stock Agreement attached hereto (the &#8220;<U>Agreement</U>&#8221;) and in the Plan. Capitalized terms used, but not
otherwise defined, in this Grant Notice will have the meanings given to such terms in the Plan or Agreement, and the Plan and the Agreement
are hereby incorporated by reference into this Grant Notice. If there are any inconsistences between this Grant Notice or the Agreement
and the Plan, the terms of the Plan shall govern.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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="padding-left: 0.5in; padding-bottom: 3pt; font-size: 10pt; text-align: justify; width: 56%"><FONT STYLE="font-size: 10pt"><B>Participant:</B></FONT></TD>
    <TD STYLE="padding-bottom: 3pt; font-size: 10pt; text-align: justify; width: 44%"><FONT STYLE="font-size: 10pt">Michael Dee</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-bottom: 3pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Type of Grant:</B></FONT></TD>
    <TD STYLE="padding-bottom: 3pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">Restricted Stock </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-bottom: 3pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Date of Grant:</B></FONT></TD>
    <TD STYLE="padding-bottom: 3pt; font-size: 10pt; text-align: justify"></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-bottom: 3pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Number of Restricted Shares:</B></FONT></TD>
    <TD STYLE="padding-bottom: 3pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">1,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-bottom: 3pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Vesting Schedule:</B></FONT></TD>
    <TD STYLE="padding-bottom: 3pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">Subject to the conditions set forth in the Agreement, including but not limited to the Participant&#8217;s continuous employment with the Company or a Subsidiary until the applicable vesting date, the Restricted Shares shall vest as follows: 1/3 of the Restricted Shares shall vest on September 17, 2021; 1/3 of the Restricted Shares shall vest on March 17, 2022; and 1/3 of the Restricted Shares shall vest on the date on which the Company&#8217;s Ironton, Ohio plant becomes operational, as certified by Leidos in accordance with the Limited Offering Memorandum, dated September 23, 2020 (in connection with the bond offering by Southern Ohio Port Authority to PureCycle: Ohio LLC).</FONT></TD></TR>
  </TABLE>



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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Restricted Stock Agreement</U></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: justify; text-indent: 0.5in">PureCycle Technologies, Inc.
(the &#8220;<U>Company</U>&#8221;) has granted, pursuant to the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan
(the &#8220;<U>Plan</U>&#8221;), to the Participant named in the Notice of Grant of Restricted Stock (the &#8220;<U>Grant Notice</U>&#8221;)
to which this Restricted Stock Agreement is attached (together with the Grant Notice, this &#8220;<U>Agreement</U>&#8221;) an award of
Restricted Shares as set forth in such Grant Notice, subject to the terms and conditions set forth in this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Certain Definitions</U></B>. Capitalized terms used, but not otherwise defined, in this Agreement will have the meanings
given to such terms in the Plan. As used in this Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify">&#8220;<U>Cause</U>&#8221; shall mean &#8220;Cause&#8221; (or a term of substantively similar meaning)
as defined in an individual employment agreement in effect as of the Date of Grant between the Participant and the Company or any Subsidiary
(an &#8220;<U>Employment Agreement</U>&#8221;) or as set forth in an executive severance plan in which the Participant participates as
of the Date of Grant, if any in each case, or, if the Participant does not have an Employment Agreement or participate in such executive
severance plan as of the Date of Grant (or such Employment Agreement or plan does not define &#8220;Cause&#8221;), then &#8220;Cause&#8221;
shall mean (i) the Participant&#8217;s commission of, conviction for, or plea of guilty or nolo contendere to, a felony or a crime involving
moral turpitude, or other material act or omission involving dishonesty or fraud, (ii) the Participant&#8217;s conduct that results in
or is reasonably likely to result in harm to the reputation or business of the Company or any of its affiliates in any material way, (iii)
the Participant&#8217;s failure to perform duties as reasonably directed by the Company or the Participant&#8217;s material violation
of any rule, regulation, policy or plan for the conduct of any service provider to the Company or its affiliates or its or their business
(which, if curable, is not cured within 5 days after notice thereof is provided to the Participant) or (iv) the Participant&#8217;s gross
negligence, willful malfeasance or material act of disloyalty with respect to the Company or its affiliates (which, if curable, is not
cured within 5 days after notice thereof is provided to the Participant).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">&#8220;<U>Company&#8217;s Business</U>&#8221; means the design, development, manufacture, marketing or
sale of sustainable plastic solutions, recycling technology or related services and any other business that the Company conducts as evidenced
on the Company&#8217;s website or marketing materials of the Company.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify">&#8220;<U>Disability</U>&#8221; (or similar terms) shall mean&nbsp;a circumstance in which the Participant
is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can
be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months and otherwise
satisfies the requirements to be disabled under Section 409A of the Code.</TD></TR></TABLE>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&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">(d)</TD><TD STYLE="text-align: justify">&#8220;<U>Good Reason</U>&#8221; shall have the meaning set forth in the Participant&#8217;s Employment
Agreement or set forth in an executive severance plan in which the Participant participates as of the Date of Grant, if any, or, if the
Participant does not have an Employment Agreement or participate in such executive severance plan as of the Date of Grant (or such Employment
Agreement or plan does not define &#8220;Good Reason&#8221;), then &#8220;Good Reason&#8221; shall mean the occurrence of any of the following
events without the Participant&#8217;s express written consent: (i) an involuntary material reduction in the Participant&#8217;s then-current
base salary, (ii) a mandatory relocation of the Participant&#8217;s primary work location to a location more than 50 miles from the Participant&#8217;s
work location as of the date of this Agreement or (iii) a material breach by the Company of the terms of this Agreement. To terminate
the Participant&#8217;s employment for Good Reason, the Participant must provide written notice to the Company of the existence of the
circumstances providing grounds for termination for Good Reason within 90 days of the initial existence of such grounds and the Company
must have at least 30 days from the date on which such notice is provided to cure such circumstances. If the Participant does not terminate
his employment for Good Reason within 30 days after the expiration of the Company&#8217;s cure period, then the Participant will be deemed
to have waived his right to terminate for Good Reason with respect to such grounds.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(e)</TD><TD STYLE="text-align: justify">&#8220;<U>Restricted Territory</U>&#8221; means: (i) the geographic area(s) within a fifty (50) mile radius
of any and all Company location(s) in, to, or for which the Participant worked, to which the Participant was assigned or had any responsibility
(either direct or supervisory) at the time of termination of the Participant&#8217;s employment and at any time during the two (2) year
period prior to such termination; (ii) the United States, and (iii) all of the specific customer accounts, whether within or outside of
the geographic area described in (i) and (ii) above, with which the Participant had any contact or for which the Participant had any responsibility
(either direct or supervisory) at the time of termination of the Participant&#8217;s employment and at any time during the two (2) year
period prior to such termination.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Grant of Restricted Shares</U></B>. Subject to and upon the terms, conditions and restrictions set forth in this Agreement
and in the Plan, the Company has granted to the Participant as of the Date of Grant, the number of Restricted Shares set forth in the
Grant Notice.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Restrictions on Transfer of Restricted Shares</U></B>. Subject to Section 15 of the Plan, the Restricted Shares shall not
be transferable prior to Vesting (as defined below) pursuant to <B><U>Section 4</U></B> hereof other than by will or pursuant to the laws
of descent and distribution. Any purported transfer or encumbrance in violation of the provisions of this <B><U>Section 3</U></B> shall
be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Restricted Shares.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Vesting of Restricted Shares</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">&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">(a)</TD><TD>The Restricted Shares shall become nonforfeitable (&#8220;<U>Vest</U>,&#8221; &#8220;<U>Vesting</U>&#8221; or similar terms) in accordance
with the Vesting Schedule set forth in the Grant Notice (the period from the Date of Grant until the last applicable vesting
date, the &#8220;<U>Vesting Period</U>&#8221;). Any Restricted Shares that do not so Vest will be forfeited, including, except as provided
in <B><U>Sections 4(b)</U></B>, <B><U>4(c)</U></B> or <B><U>4(d) </U></B>below, if the Participant ceases to be continuously employed
by the Company or a Subsidiary for any reason prior to the end of the Vesting Period. For purposes of this Agreement, &#8220;continuously
employed&#8221; (or substantially similar terms) means the absence of any interruption or termination of the Participant&#8217;s employment
with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between
locations of the Company and its Subsidiaries.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> above, upon the Participant&#8217;s death or Disability, in
each case prior to the end of the Vesting Period, the Restricted Shares shall Vest in full.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> above, upon any termination of the Participant&#8217;s employment
as a result of a termination by the Company or a Subsidiary without Cause or by the Participant for Good Reason prior to the end of the
Vesting Period, the Restricted Shares shall Vest in full.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(d)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> above, in the event of a Change in Control that occurs prior
to the end of the Vesting Period, the Restricted Shares shall become Vested and payable in accordance with <B><U>Section 5</U></B> below.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify"><B><U>Effect of a Change in Control</U></B>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(a)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> above, if at any time before the end of the Vesting Period
or forfeiture of the Restricted Shares, and while the Participant is continuously employed by the Company or a Subsidiary, a Change in
Control occurs, then all of the Restricted Shares will become Vested, except to the extent that a Replacement Award is provided to the
Participant in accordance with <B><U>Section 5(b)</U></B> to continue, replace or assume the Restricted Shares covered by this Agreement
(the &#8220;<U>Replaced Award</U>&#8221;) immediately prior to (and contingent upon) the Change in Control.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">For purposes of this Agreement, a &#8220;<U>Replacement Award</U>&#8221; means an award (i) of the same
type (<I>e.g</I>., time-based restricted shares) as the Replaced Award, (ii) that has a value at least equal to the value of the Replaced
Award, (iii) that relates to publicly traded equity securities of the Company or its successor in the Change in Control or another entity
that is affiliated with the Company or its successor following the Change in Control, (iv) if the Participant holding the Replaced Award
is subject to U.S. federal income tax under the Code, the tax consequences of which to such Participant under the Code are not less favorable
to such Participant than the tax consequences of the Replaced Award, and (v) the other terms and conditions of which are not less favorable
to the Participant holding the Replaced Award than the terms and conditions of the Replaced Award (including the provisions that would
apply in the event of a subsequent termination of employment or Change in Control). A Replacement Award may be granted only to the extent
it does not result in the Replaced Award or Replacement Award
failing to comply with or be exempt from Section 409A of the Code. Without limiting the generality of the foregoing, the Replacement Award
may take the form of a continuation of the Replaced Award if the requirements of the two preceding sentences are satisfied. The determination
of whether the conditions of this paragraph are satisfied will be made by the Board or Committee, as constituted immediately before the
Change in Control, in its sole discretion.</TD></TR></TABLE>

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

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

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<P STYLE="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; text-align: justify; text-indent: 0.5in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Section 83(b) Election</U></B>. Within thirty (30) days following the Date of Grant, the Participant may make an election
with the Internal Revenue Service to be taxed at the time the Restricted Shares are acquired (rather than when and as they Vest) under
Section 83(b) of the Code (an &#8220;<U>83(b) Election</U>&#8221;). The Participant acknowledges that it is the Participant&#8217;s sole
responsibility (and not the Company&#8217;s or any other person&#8217;s) to timely file the 83(b) Election, if the Participant so chooses.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Rights as a Stockholder</U></B>. Subject to <B><U>Section 3</U></B> above, the Participant shall have all the rights of a
stockholder with respect to the Restricted Shares, including the right to vote the Restricted Shares and receive all dividends paid thereon;
<U>provided</U>, <U>however</U>, that any additional shares of Common Stock or other securities that the Participant may become entitled
to receive pursuant to a stock dividend or other distribution shall be subject to the same restrictions as the Restricted Shares covered
by this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Retention of Stock Certificates by Company</U></B>. The Restricted Shares will be issued, in the Company&#8217;s discretion,
either (a) in certificate form or (b) in book entry form, registered in the name of the Participant, with legends or notations as applicable,
referring to the terms, conditions, and restrictions set forth in this Agreement. Certificates representing the Restricted Shares, if
any, will be held in custody by the Company together with a stock power endorsed in blank by the Participant with respect thereto, until
those Restricted Shares have Vested in accordance with <B><U>Section&nbsp;4</U></B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Adjustments</U></B>. The number of Restricted Shares subject to this Agreement and the other terms and conditions of the
grant evidenced by this Agreement are subject to mandatory adjustment, including as provided in Section 11 of the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Taxes</U></B>.
To the extent that the Company is required to withhold federal, state, local, or foreign taxes or other amounts in connection with
any payment made or benefit realized by the Participant under this Agreement, and the amounts available to the Company for such
withholding are insufficient, it shall be a condition to the receipt of such payment or the realization of such benefit that the
Participant make arrangements satisfactory to the Company for payment of the balance of such taxes or other amounts required to be
withheld. If the taxable event is the Vesting of any Restricted Shares, then, unless otherwise determined by the Committee, the
Company will withhold shares of Common Stock having a value equal to the amount required to be withheld. The shares of Common Stock
used for tax or other withholding will be valued at an amount equal to the fair market value of such shares of Common Stock on the
date the benefit is to be included in the Participant&#8217;s income. In no event will the market value of Common Stock to be
withheld pursuant to this <B><U>Section 10</U></B> to satisfy applicable withholding taxes or other amounts exceed the minimum
amount of taxes required to be withheld. Notwithstanding any other provision of this Agreement, the Company shall not be obligated
to guarantee any particular tax result for the Participant with respect to any payment provided to the Participant hereunder, and
the Participant shall be responsible for any taxes imposed on the Participant with respect to any such payment.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Compliance with Law</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify">The Company shall make reasonable efforts to comply with all applicable federal and state securities laws;
<U>provided</U>, <U>however</U>, that notwithstanding any other provision of the Plan and this Agreement, the Company shall not be obligated
to issue any shares of Common Stock pursuant to this Agreement if the issuance thereof would result in a violation of any such law.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">Notwithstanding anything in this Agreement to the contrary, nothing in this Agreement prevents the Participant
from providing, without prior notice to the Company, information to governmental authorities regarding possible legal violations or otherwise
testifying or participating in any investigation or proceeding by any governmental authorities regarding possible legal violations, and
for purpose of clarity the Participant is not prohibited from providing information voluntarily to the Securities and Exchange Commission
pursuant to Section 21F of the Exchange Act.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Competitive Activity; Non-Solicitation; Confidentiality</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify"><U>Acknowledgements and Agreements</U>. The Participant hereby acknowledges and agrees that in the performance
of Participant&#8217;s duties to the Company, the Participant shall be brought into frequent contact with existing and potential customers
of the Company throughout the world. The Participant also agrees that trade secrets and confidential information of the Company, more
fully described in <B><U>Section&nbsp;12(e)(i)</U></B>, gained by the Participant during the Participant&#8217;s association with the
Company, have been developed by the Company through substantial expenditures of time, effort and money and constitute valuable and unique
property of the Company. The Participant further understands and agrees that the foregoing makes it necessary for the protection of the
Company&#8217;s business that the Participant not compete with the Company during the Participant&#8217;s employment with the Company
and not compete with the Company for a reasonable period thereafter, as further provided in the following subparagraphs. In consideration
of the Participant&#8217;s receipt of the Restricted Shares and the confidential information described herein, the Participant agrees
to the restrictive covenants in this <B><U>Section 12</U></B>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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-top: 0pt; margin-bottom: 0pt">&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">(b)</TD><TD><U>Covenants</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify"><U>Covenants During Employment</U>. While employed by the Company, the Participant shall not compete with
the Company anywhere in the world. In accordance with this restriction, but without limiting its terms, while employed by the Company,
the Participant shall not:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: justify">create, establish, enter into, be employed by or engage in any manner, either directly or indirectly,
in any business which competes with the Company&#8217;s business;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: justify">solicit customers, business, patronage or orders for, or sell, any products or services in competition
with, or for any business that competes with, the Company&#8217;s business;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: justify">divert, entice or otherwise take away any customers, vendors, business, patronage or orders of the Company
or attempt to do so; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(D)</TD><TD STYLE="text-align: justify">promote or assist, financially or otherwise, any person, firm, association, partnership, corporation or
other entity engaged in any business which competes with the Company&#8217;s business.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify"><U>Covenants Following Termination</U>. For a period of two (2) years following the termination of the
Participant&#8217;s employment for any reason, the Participant shall not:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: justify">accept employment from, enter into or engage in any business which competes with the Company&#8217;s Business
within the Restricted Territory;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: justify">solicit customers, business, patronage or orders for, or sell, any products and services in competition
with, or for any business, wherever located, that competes with, the Company&#8217;s Business within the Restricted Territory;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: justify">divert, entice or otherwise take away any customers, business, patronage or orders of the Company within
the Restricted Territory, or attempt to do so; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(D)</TD><TD STYLE="text-align: justify">promote or assist, financially or otherwise, any person, firm, association, partnership, corporation or
other entity engaged in any business which competes with the Company&#8217;s Business within the Restricted Territory.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify"><U>Indirect Competition</U>. For the purposes of <B><U>Section&nbsp;12(b)(i)</U></B> and <B><U>(ii)</U></B>
inclusive, but without limitation thereof, the Participant shall be in violation thereof if the Participant engages in any or all of the
activities set forth therein directly as an individual on the Participant&#8217;s own account, or indirectly as a partner, joint venturer,
employee, agent, salesperson, consultant, officer and/or director of any firm, association, partnership, corporation or other entity,
or as a stockholder of any corporation in which the Participant or the Participant&#8217;s spouse, child or parent owns, directly or indirectly,
individually or in the aggregate, more than five percent (5%) of the outstanding stock.</TD></TR></TABLE>

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

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

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<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: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">If it shall be judicially determined that the Participant has violated this <B><U>Section&nbsp;12(b)</U></B>,
then the period applicable to each obligation that the Participant shall have been determined to have violated shall automatically be
extended by a period of time equal in length to the period during which such violation(s) occurred.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify"><U>The Company</U>. For purposes of this <B><U>Section&nbsp;12</U></B>, the Company shall include any
and all direct and indirect subsidiary, parent, affiliated or related companies of the Company for which the Participant worked or had
responsibility at the time of termination of the Participant&#8217;s employment and at any time during the two (2) year period prior to
such termination.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(d)</TD><TD STYLE="text-align: justify"><U>Non-Solicitation</U>. The Participant shall not, directly or indirectly, at any time, during the period
of the Participant&#8217;s employment or for one year thereafter, attempt to disrupt, damage, impair or interfere with the Company&#8217;s
business by raiding any of the Company&#8217;s employees or soliciting any of them to resign from their employment with the Company, or
by disrupting the relationship between the Company and any of its consultants, agents or representatives. The Participant acknowledges
that this covenant is necessary to enable the Company to maintain a stable workforce and remain in business.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(e)</TD><TD><U>Further Covenants</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">The Participant shall keep in strict confidence, and shall not, directly or indirectly, at any time, during
or after the Participant&#8217;s employment with the Company, disclose, furnish, disseminate, make available or, except in the course
of performing the Participant&#8217;s duties of employment, use any trade secrets or confidential business and technical information of
the Company or its customers or vendors, without limitation as to when or how the Participant may have acquired such information. With
respect to materials that are trade secrets, the protection shall last for so long as the materials remain trade secrets as defined by
law. For the remainder of the confidential information, the protection shall last for 20 years post-termination. Such confidential information
shall include, without limitation, the Company&#8217;s unique selling, manufacturing and servicing methods and business techniques, plant
schematics and operating manuals, training, service and business manuals, promotional materials, training courses and other training and
instructional materials, vendor and product information, customer and prospective customer lists, other customer and prospective customer
information, strategic business plans, systems designs and other business information. The Participant specifically acknowledges that
all such confidential information, whether reduced to writing, maintained on any form of electronic media or maintained in the mind or
memory of the Participant, and whether compiled by the Company and/or the Participant, derives independent economic value from not being
readily known to or ascertainable by proper means by others who can obtain economic value from its disclosure or use, that reasonable
efforts have been made by the Company to maintain the secrecy of such
information, that such information is the sole property of the Company and that any retention and use of such information by the Participant
during the Participant&#8217;s employment with the Company (except in the course of performing the Participant&#8217;s duties and obligations
to the Company) or after the termination of the Participant&#8217;s employment shall constitute a misappropriation of the Company&#8217;s
trade secrets.</TD></TR></TABLE>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&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: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">The U.S. Defend Trade Secrets Act of 2016 (&#8220;<U>DTSA</U>&#8221;) provides that an individual shall
not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (A) is
made in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney, and solely for
the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit
or other proceeding, if such filing is made under seal. In addition, the DTSA provides that an individual who files a lawsuit for retaliation
by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the
trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal and does
not disclose the trade secret, except pursuant to court order.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">The Participant agrees that upon termination of the Participant&#8217;s employment with the Company for
any reason, the Participant shall return to the Company, in good condition, all property of the Company, including, without limitation,
the originals and all copies of any materials which contain, reflect, summarize, describe, analyze or refer or relate to any items of
information listed in <B><U>Section&nbsp;12(e)(i)</U></B> of this Agreement. In the event that such items are not so returned, the Company
shall have the right to charge the Participant for all reasonable damages, costs, attorneys&#8217; fees and other expenses incurred in
searching for, taking, removing and/or recovering such property.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(f)</TD><TD><U>Discoveries and Inventions; Work Made for Hire</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">The Participant agrees that upon conception and/or development of any idea, discovery, invention, improvement,
software, writing or other material or design that: (A)&nbsp;relates to the business of the Company, or (B)&nbsp;relates to the Company&#8217;s
actual or demonstrably anticipated research or development, or (C)&nbsp;results from any work performed by the Participant for the Company,
the Participant does hereby assign to the Company the entire right, title and interest in and to any such idea, discovery, invention,
improvement, software, writing or other material or design. The Participant has no obligation to assign any idea, discovery, invention,
improvement, software, writing or other material or design that the Participant conceives and/or develops entirely on the Participant&#8217;s
own time without using the Company&#8217;s equipment, supplies, facilities, or trade secret information unless the idea, discovery, invention,
improvement, software, writing or other material or design: (x)&nbsp;relates to the business of the Company, or (y)&nbsp;relates to the
Company&#8217;s actual or demonstrably anticipated research or development, or (z)&nbsp;results from any work performed by the Participant
for the Company. The Participant agrees that any idea, discovery, invention, improvement, software, writing or other material or design
that relates to the business of the Company or relates to the Company&#8217;s actual or demonstrably anticipated research or development
which is conceived or suggested by the Participant, either solely or jointly with others, within one (1) year following the termination
of the Participant&#8217;s employment shall be presumed to have been so made, conceived or suggested in the course of such employment
with the use of the Company&#8217;s equipment, supplies, facilities, and/or trade secrets.</TD></TR></TABLE>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&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: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">In order to determine the rights of the Participant and the Company in any idea, discovery, invention,
improvement, software, writing or other material, and to insure the protection of the same, the Participant agrees that during the Participant&#8217;s
employment, and for two (2) years after the termination of the Participant&#8217;s employment, the Participant shall disclose immediately
and fully to the Company any idea, discovery, invention, improvement, software, writing or other material or design conceived, made or
developed by the Participant solely or jointly with others. The Company agrees to keep any such disclosures confidential. The Participant
also agrees to record descriptions of all work in the manner directed by the Company and agrees that all such records and copies, samples
and experimental materials shall be the exclusive property of the Company. The Participant agrees that at the request of and without charge
to the Company, but at the Company&#8217;s expense, the Participant shall execute a written assignment of the idea, discovery, invention,
improvement, software, writing or other material or design to the Company and shall assign to the Company any application for letters
patent or for trademark registration made thereon, and to any common-law or statutory copyright therein; and that Participant shall do
whatever may be necessary or desirable to enable the Company to secure any patent, trademark, copyright, or other property right therein
in the United States and in any foreign country, and any division, renewal, continuation, or continuation in part thereof, or for any
reissue of any patent issued thereon. In the event the Company is unable, after reasonable effort, and in any event after ten (10) business
days, to secure the Participant&#8217;s signature on a written assignment to the Company of any application for letters patent or to any
common-law or statutory copyright or other property right therein, whether because of the Participant&#8217;s physical or mental incapacity
or for any other reason whatsoever, the Participant irrevocably designates and appoints the Corporate Secretary of the Company as the
Participant&#8217;s attorney-in-fact to act on the Participant&#8217;s behalf to execute and file any such application and to do all other
lawfully permitted acts to further the prosecution and issuance of such letters patent, copyright or trademark.</TD></TR></TABLE>

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

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

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<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: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">The Participant acknowledges that, to the extent permitted by law, all work papers, reports, documentation,
drawings, photographs, negatives, tapes and masters thereof, prototypes and other materials (hereinafter, &#8220;items&#8221;), including
without limitation, any and all such items generated and maintained on any form of electronic media, generated by the Participant during
the Participant&#8217;s employment with the Company shall be considered a &#8220;work made for hire&#8221; and that ownership of any and
all copyrights in any and all such items shall belong to the Company. The item shall recognize the Company as the copyright owner, shall
contain all proper copyright notices, e.g., &#8220;(creation date) PureCycle Technologies, Inc., All Rights Reserved,&#8221; and shall
be in condition to be registered or otherwise placed in compliance with registration or other statutory requirements throughout the world.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(g)</TD><TD STYLE="text-align: justify"><U>Communication of Contents of Agreement</U>. While employed by the Company and for two (2) years thereafter,
the Participant shall communicate the contents of <B><U>Section&nbsp;12</U></B> of this Agreement to any person, firm, association, partnership,
corporation or other entity that the Participant intends to be employed by, associated with or represent.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(h)</TD><TD STYLE="text-align: justify"><U>Confidentiality Agreements</U>. The Participant agrees that the Participant shall not disclose to the
Company or induce the Company to use any secret or confidential information belonging to the Participant&#8217;s former employers. The
Participant warrants that the Participant is not bound by the terms of a confidentiality agreement or other agreement with a third party
that would preclude or limit the Participant&#8217;s right to work for the Company and/or to disclose to the Company any ideas, inventions,
discoveries, improvements or designs or other information that may be conceived during employment with the Company. The Participant agrees
to provide the Company with a copy of any and all agreements with a third party that preclude or limit the Participant&#8217;s right to
make disclosures or to engage in any other activities contemplated by the Participant&#8217;s employment with the Company.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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 STYLE="text-align: justify"><U>Relief</U>. The Participant acknowledges and agrees that the remedy at law available to the Company
for breach of any of the Participant&#8217;s obligations under this Agreement would be inadequate. The Participant therefore agrees that,
in addition to any other rights or remedies that the Company may have at law or in equity, temporary and permanent injunctive relief may
be granted in any proceeding which may be brought to enforce any provision contained in <B><U>Sections 12(b)</U></B>, <B><U>12(d)</U></B>,
<B><U>12(e)</U></B>, <B><U>12(f)</U></B>, <B><U>12(g)</U></B> and <B><U>12(h)</U></B> inclusive, of this Agreement, without the necessity
of proof of actual damage.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(j)</TD><TD STYLE="text-align: justify"><U>Reasonableness</U>. The Participant acknowledges that the Participant&#8217;s obligations under this
<B><U>Section&nbsp;12</U></B> are reasonable in the context of the nature of the Company&#8217;s Business and the competitive injuries
likely to be sustained by the Company if the Participant were to violate such obligations. The Participant further acknowledges that this
Agreement is made in consideration of, and is adequately supported by, the agreement of the Company to perform its obligations under this
Agreement and by other consideration, which the Participant
acknowledges constitutes good, valuable and sufficient consideration.</TD></TR></TABLE>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&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">(k)</TD><TD STYLE="text-align: justify"><U>Other Acknowledgements</U>. The restrictions in this <B><U>Section&nbsp;12</U></B> do not supersede,
and are in addition to, restrictive covenants contained in any other form of agreement, such as an employment agreement, between the Company
and the Participant, to the extent enforceable pursuant to the terms of the other agreement. Nothing in this Agreement prevents the Participant
from providing, without prior notice to the Company, information to governmental authorities regarding possible legal violations or otherwise
testifying or participating in any investigation or proceeding by any governmental authorities regarding possible legal violations.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(l)</TD><TD STYLE="text-align: justify"><U>Prevailing Party&#8217;s Litigation Expenses</U>. In the event of litigation between the Company and
the Participant related to this <B><U>Section&nbsp;12</U></B>, the non-prevailing party shall reimburse the prevailing party for any costs
and expenses (including, without limitation, attorneys&#8217; fees) reasonably incurred by the prevailing party in connection therewith.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Survival</U></B>. Subject to any limits on applicability contained therein, <B><U>Section&nbsp;12</U></B> shall survive and
continue in full force in accordance with its terms notwithstanding any termination of the Participant&#8217;s employment or the vesting
or forfeiture of this award.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Compliance With Section 409A of the Code</U></B>. To the extent applicable, it is intended that this Agreement and the Plan
comply with or be exempt from the provisions of Section 409A of the Code. This Agreement and the Plan shall be administered in a manner
consistent with this intent, and any provision that would cause this Agreement or the Plan to fail to satisfy Section 409A of the Code
shall have no force or effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent
permitted by Section 409A of the Code and may be made by the Company without the consent of the Participant). <FONT STYLE="background-color: white">Notwithstanding
the foregoing, the Company is not guaranteeing any particular tax outcome, and the Participant shall remain solely liable for any and
all tax consequences associated with the Restricted Shares.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">15.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Interpretation</U></B>. Any reference in this Agreement to Section 409A of the Code will also include any proposed, temporary
or final regulations, or any other guidance, promulgated with respect to such Section by the U.S. Department of the Treasury or the Internal
Revenue Service.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">16.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>No Right to Future Awards or Employment</U></B>. The grant of the Restricted Shares under this Agreement to the Participant
is a voluntary, discretionary award being made on a one-time basis and it does not constitute a commitment to make any future awards.
The grant of the Restricted Shares and any payments made hereunder will not be considered salary or other compensation for purposes of
any severance pay or similar allowance, except as otherwise required by law. Nothing contained in this Agreement shall confer upon the
Participant any right to be employed or remain employed by the Company or any of its Subsidiaries, nor limit or affect in any manner the
right of the Company or any of its Subsidiaries to terminate the employment or adjust the compensation of the Participant.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">17.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B><U>Relation to Other Benefits</U></B>. Any economic or other benefit to the Participant under this Agreement or the Plan shall
not be taken into account in determining any benefits to which the Participant may be entitled under any other compensatory arrangement
maintained by the Company or any of its Subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">18.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Amendments</U></B>. Any amendment to the Plan shall be deemed to be an amendment to this Agreement to the extent that the
amendment is applicable hereto; <U>provided</U>, <U>however</U>, that no amendment shall adversely affect the rights of the Participant
under this Agreement without the Participant&#8217;s written consent, and the Participant&#8217;s consent shall not be required to an
amendment that is deemed necessary by the Company to ensure compliance with Section 409A of the Code or Section 10D of the Exchange Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">19.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Severability</U></B>. In the event that one or more of the provisions of this Agreement shall be invalidated for any reason
by a court of competent jurisdiction, any provision so invalidated shall be deemed to be separable from the other provisions hereof, and
the remaining provisions hereof shall continue to be valid and fully enforceable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">20.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Relation to Plan</U></B>. The Restricted Shares granted under this Agreement and all of the terms and conditions hereof are
subject to all of the terms and conditions of the Plan. In the event of any inconsistency between this Agreement and the Plan, the terms
of the Plan will govern. The Committee acting pursuant to the Plan, as constituted from time to time, shall, except as expressly provided
otherwise herein or in the Plan, have the right to determine any questions which arise in connection with this Agreement. <FONT STYLE="background-color: white">Notwithstanding
anything in this Agreement to the contrary, the Participant acknowledges and agrees that this Agreement and the award described herein
are subject to the terms and conditions of the Company&#8217;s clawback policy (if any) as may be in effect from time to time specifically
to implement Section 10D of the Exchange Act and any applicable rules or regulations promulgated thereunder (including applicable rules
and regulations of any national securities exchange on which the Common Stock may be traded).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">21.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Electronic Delivery</U></B>. The Company may, in its sole discretion, deliver any documents related to the Restricted Shares
and the Participant&#8217;s participation in the Plan, or future awards that may be granted under the Plan, by electronic means or request
the Participant&#8217;s consent to participate in the Plan by electronic means. The Participant hereby consents to receive such documents
by electronic delivery and, if requested, agrees to participate in the Plan through an on-line or electronic system established and maintained
by the Company or another third party designated by the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">22.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Choice of Law; Venue</U></B>. This Agreement shall be governed by and construed with the internal substantive laws of the
State of Delaware, without giving effect to any principle of law that would result in the application of the law of any other jurisdiction.
In addition, the Participant agrees that the state and federal courts located in the state of Florida shall have jurisdiction in any action,
suit or proceeding against the Participant based on or arising out of this Agreement and the Participant hereby: (a) submits to the personal
jurisdiction of such courts; (b) consents to service of process in connection with any action, suit or proceeding against the Participant;
and (c) irrevocably waives any other requirement (whether imposed by statute, rule of court or otherwise) or any objection which the Participant
now or hereafter may have with respect to personal jurisdiction, venue or service of process.</P>

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

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">23.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Successors
and Assigns</U></B>. Without limiting <B><U>Section 3</U></B> hereof, the provisions of this Agreement shall inure to the benefit of,
and be binding upon, the successors, administrators, heirs, legal representatives and assigns of the Participant, and the successors
and assigns of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">24.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Acknowledgement</U></B>. The Participant acknowledges that the Participant (a) has received a copy of the Plan, (b) has had
an opportunity to review the terms of this Agreement and the Plan, (c) understands the terms and conditions of this Agreement and the
Plan and (d)&nbsp;agrees to such terms and conditions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">25.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Counterparts</U></B>. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an
original but all of which together will constitute one and the same agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">[<I>Signatures on following page</I>]</P>

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

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">IN WITNESS WHEREOF, the undersigned have executed
this Agreement on the day and year indicated below.</P>

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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif">PURECYCLE TECHNOLOGIES, INC.</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 45%">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">Participant Acknowledgment and Acceptance</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">&nbsp;</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 9%">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 41%">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;</TD></TR>
  </TABLE>




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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><A NAME="a_004"></A><B>Exhibit 10.4</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>PURECYCLE TECHNOLOGIES, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NOTICE OF GRANT OF PERFORMANCE-BASED RESTRICTED
STOCK UNITS&nbsp;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">PureCycle Technologies, Inc.
(the &ldquo;<U>Company</U>&rdquo;) hereby grants to the Participant the number of performance-based Restricted Stock Units (&ldquo;<U>PRSUs</U>&rdquo;)
set forth below under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan (the &ldquo;<U>Plan</U>&rdquo;). The
PRSUs are subject to all of the terms and conditions in this Notice of Grant of Performance-Based Restricted Stock Units (this &ldquo;<U>Grant
Notice</U>&rdquo;), in the Performance-Based Restricted Stock Units Agreement attached hereto (the &ldquo;<U>Agreement</U>&rdquo;) and
in the Plan. Capitalized terms used, but not otherwise defined, in this Grant Notice will have the meanings given to such terms in the
Plan or Agreement, and the Plan and the Agreement are hereby incorporated by reference into this Grant Notice. If there are any inconsistences
between this Grant Notice or the Agreement and the Plan, the terms of the Plan shall govern.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">&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: 46%; padding-bottom: 3pt; padding-left: 0.5in; text-align: justify"><B>Participant:</B></TD>
    <TD STYLE="width: 54%; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: justify">Michael Dee</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 3pt; padding-left: 0.5in; text-align: justify"><B>Type of Grant:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: justify">Performance-Based Restricted Stock Units</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 3pt; padding-left: 0.5in; text-align: justify"><B>Date of Grant:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: justify">July [__], 2021</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 3pt; padding-left: 0.5in; text-align: justify"><B>Number of PRSUs:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: justify">200,000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 3pt; padding-left: 0.5in; text-align: justify"><B>Performance Period:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: justify">September 17, 2021 through March 17, 2024</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 3pt; padding-left: 0.5in; text-align: justify"><B>Vesting Schedule:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: justify">Subject to the conditions set forth in the Agreement, including but not limited to the Participant&rsquo;s continuous employment with the Company or a Subsidiary until the applicable vesting date, the PRSUs shall vest in full if the Market Value per Share is greater than $18.00 for any period of 20 trading days out of any 30 consecutive trading days within the Performance Period.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURECYCLE TECHNOLOGIES, INC.</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><U>Performance-Based Restricted Stock Units
Agreement</U></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: justify; text-indent: 0.5in">PureCycle Technologies, Inc.
(the &ldquo;<U>Company</U>&rdquo;) has granted, pursuant to the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan
(the &ldquo;<U>Plan</U>&rdquo;), to the Participant named in the Notice of Grant of Performance-Based Restricted Stock Units (the &ldquo;<U>Grant
Notice</U>&rdquo;) to which this Performance-Based Restricted Stock Units Agreement is attached (together with the Grant Notice, this
 &ldquo;<U>Agreement</U>&rdquo;) an award of Performance-Based Restricted Stock Units as set forth in such Grant Notice, subject to the
terms and conditions set forth in this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Certain Definitions</U></B>. Capitalized terms used, but not otherwise defined, in this Agreement will have the meanings
given to such terms in the Plan. As used in this Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify">&ldquo;<U>Cause</U>&rdquo; shall mean &ldquo;Cause&rdquo; (or a term of substantively similar meaning)
as defined in an individual employment agreement in effect as of the Date of Grant between the Participant and the Company or any Subsidiary
(an &ldquo;<U>Employment Agreement</U>&rdquo;) or as set forth in an executive severance plan in which the Participant participates as
of the Date of Grant, if any in each case, or, if the Participant does not have an Employment Agreement or participate in such executive
severance plan as of the Date of Grant (or such Employment Agreement or plan does not define &ldquo;Cause&rdquo;), then &ldquo;Cause&rdquo;
shall mean (i) the Participant&rsquo;s commission of, conviction for, or plea of guilty or nolo contendere to, a felony or a crime involving
moral turpitude, or other material act or omission involving dishonesty or fraud, (ii) the Participant&rsquo;s conduct that results in
or is reasonably likely to result in harm to the reputation or business of the Company or any of its affiliates in any material way, (iii)
the Participant&rsquo;s failure to perform duties as reasonably directed by the Company or the Participant&rsquo;s material violation
of any rule, regulation, policy or plan for the conduct of any service provider to the Company or its affiliates or its or their business
(which, if curable, is not cured within 5 days after notice thereof is provided to the Participant) or (iv) the Participant&rsquo;s gross
negligence, willful malfeasance or material act of disloyalty with respect to the Company or its affiliates (which, if curable, is not
cured within 5 days after notice thereof is provided to the Participant).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">&ldquo;<U>Company&rsquo;s Business</U>&rdquo; means the design, development, manufacture, marketing or
sale of sustainable plastic solutions, recycling technology or related services and any other business that the Company conducts as evidenced
on the Company&rsquo;s website or marketing materials of the Company.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify">&ldquo;<U>Disability</U>&rdquo; (or similar terms) shall mean&nbsp;a circumstance in which the Participant
is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can
be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months and otherwise
satisfies the requirements to be disabled under Section 409A of the Code.</TD></TR></TABLE>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&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">(d)</TD><TD STYLE="text-align: justify">&ldquo;<U>Good Reason</U>&rdquo; shall have the meaning set forth in the Participant&rsquo;s Employment
Agreement or set forth in an executive severance plan in which the Participant participates as of the Date of Grant, if any, or, if the
Participant does not have an Employment Agreement or participate in such executive severance plan as of the Date of Grant (or such Employment
Agreement or plan does not define &ldquo;Good Reason&rdquo;), then &ldquo;Good Reason&rdquo; shall mean the occurrence of any of the following
events without the Participant&rsquo;s express written consent: (i) an involuntary material reduction in the Participant&rsquo;s then-current
base salary, (ii) a mandatory relocation of the Participant&rsquo;s primary work location to a location more than 50 miles from the Participant&rsquo;s
work location as of the date of this Agreement or (iii) a material breach by the Company of the terms of this Agreement. To terminate
the Participant&rsquo;s employment for Good Reason, the Participant must provide written notice to the Company of the existence of the
circumstances providing grounds for termination for Good Reason within 90 days of the initial existence of such grounds and the Company
must have at least 30 days from the date on which such notice is provided to cure such circumstances. If the Participant does not terminate
his employment for Good Reason within 30 days after the expiration of the Company&rsquo;s cure period, then the Participant will be deemed
to have waived his right to terminate for Good Reason with respect to such grounds.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(e)</TD><TD STYLE="text-align: justify">&ldquo;<U>Restricted Territory</U>&rdquo; means: (i) the geographic area(s) within a fifty (50) mile radius
of any and all Company location(s) in, to, or for which the Participant worked, to which the Participant was assigned or had any responsibility
(either direct or supervisory) at the time of termination of the Participant&rsquo;s employment and at any time during the two (2) year
period prior to such termination; (ii) the United States, and (iii) all of the specific customer accounts, whether within or outside of
the geographic area described in (i) and (ii) above, with which the Participant had any contact or for which the Participant had any responsibility
(either direct or supervisory) at the time of termination of the Participant&rsquo;s employment and at any time during the two (2) year
period prior to such termination.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Grant of PRSUs</U></B>. Subject to and upon the terms, conditions and restrictions set forth in this Agreement and in the
Plan, the Company has granted to the Participant, as of the Date of Grant, the number of PRSUs set forth in the Grant Notice. Each PRSU
shall represent the right of the Participant to receive one share of Common Stock subject to and upon the terms and conditions of this
Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Restrictions on Transfer of PRSUs</U></B>. Subject to Section 15 of the Plan, neither the PRSUs evidenced hereby nor any
interest therein or in the shares of Common Stock underlying such PRSUs shall be transferable prior to payment to the Participant pursuant
to <B><U>Section 6</U></B> hereof other than by will or pursuant to the laws of descent and distribution.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Vesting of PRSUs</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify">The PRSUs shall vest in accordance with the Vesting Schedule set forth in the Grant Notice (the period
from the Date of Grant until the applicable vesting date, the &ldquo;<U>Vesting Period</U>&rdquo;).
Any PRSUs that do not so become vested will be forfeited, including, except as provided in <B><U>Sections 4(b)</U></B>, <B><U>4(c)</U></B>
or <B><U>4(d)</U></B> below, if the Participant ceases to be continuously employed by the Company or a Subsidiary for any reason prior
to the end of the Vesting Period. For purposes of this Agreement, &ldquo;continuously employed&rdquo; (or substantially similar terms)
means the absence of any interruption or termination of the Participant&rsquo;s employment with the Company or a Subsidiary. Continuous
employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.</TD></TR></TABLE>

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




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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&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">(b)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> above, upon the Participant&rsquo;s death or Disability, in
each case prior to the end of the Vesting Period, the PRSUs shall vest in full.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> above, upon any termination of the Participant&rsquo;s employment
as a result of a termination by the Company or a Subsidiary without Cause or by the Participant for Good Reason prior to the end of the
Vesting Period, the PRSUs shall vest in full.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(d)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> above, in the event of a Change in Control that occurs prior
to the end of the Vesting Period, the PRSUs shall become vested and payable in accordance with <B><U>Section 5</U></B> below.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify"><B><U>Effect of a Change in Control</U></B>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(a)</TD><TD STYLE="text-align: justify">Notwithstanding <B><U>Section 4(a)</U></B> above, if at any time before the end of the Vesting Period
or forfeiture of the PRSUs, and while the Participant is continuously employed by the Company or a Subsidiary, a Change in Control occurs,
then all of the PRSUs will become vested, except to the extent that a Replacement Award is provided to the Participant in accordance with
<B><U>Section 5(b)</U></B> to continue, replace or assume the PRSUs covered by this Agreement (the &ldquo;<U>Replaced Award</U>&rdquo;)
immediately prior to (and contingent upon) the Change in Control.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">For purposes of this Agreement, a &ldquo;<U>Replacement Award</U>&rdquo; means an award (i) of the same
type (<I>e.g</I>., performance-based restricted stock units) as the Replaced Award, (ii) that has a value at least equal to the value
of the Replaced Award, (iii) that relates to publicly traded equity securities of the Company or its successor in the Change in Control
or another entity that is affiliated with the Company or its successor following the Change in Control, (iv) if the Participant holding
the Replaced Award is subject to U.S. federal income tax under the Code, the tax consequences of which to such Participant under the Code
are not less favorable to such Participant than the tax consequences of the Replaced Award, and (v) the other terms and conditions of
which are not less favorable to the Participant holding the Replaced Award than the terms and conditions of the Replaced Award (including
the provisions that would apply in the event of a subsequent termination of employment or Change in Control). A Replacement Award may
be granted only to the extent it does not result in the Replaced Award or Replacement Award failing to comply with or be exempt from Section
409A of the Code. Without limiting the generality of the foregoing, the Replacement
Award may take the form of a continuation of the Replaced Award if the requirements of the two preceding sentences are satisfied. The
determination of whether the conditions of this paragraph are satisfied will be made by the Board or Committee, as constituted immediately
before the Change in Control, in its sole discretion.</TD></TR></TABLE>

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




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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Form and Time of Payment of PRSUs</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify">Payment for the PRSUs, after and to the extent they have become vested, shall be made in the form of one
share of Common Stock for each vested RSU. Payment shall be made as soon as administratively practicable following (but no later than
thirty (30) days following) the date that the PRSUs become vested pursuant to <B><U>Section 4</U></B> hereof.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">In all events, payment for the PRSUs (to the extent vested) shall be made within the short-term deferral
period for purposes of Section 409A of the Code.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify">The Company&rsquo;s obligations to the Participant with respect to the PRSUs will be satisfied in full
upon the issuance of shares of Common Stock corresponding to such PRSUs.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Dividend Equivalents; Voting and Other Rights</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify">The Participant shall have no rights of ownership in the shares of Common Stock underlying the PRSUs and
no right to vote the shares of Common Stock underlying the PRSUs until the date on which the shares of Common Stock underlying the PRSUs
are issued or transferred to the Participant pursuant to <B><U>Section 6</U></B> above.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">From and after the Date of Grant and until the earlier of (i) the time when the PRSUs become vested and
are paid in accordance with <B><U>Section 6</U></B> hereof and (ii) the time when the Participant&rsquo;s right to receive shares of Common
Stock in payment of the PRSUs is forfeited in accordance with <B><U>Section 4</U></B> hereof, on the date that the Company pays a cash
dividend (if any) to holders of shares of Common Stock generally, the Participant shall be credited with cash per RSU equal to the amount
of such dividend. Any amounts credited pursuant to the immediately preceding sentence shall be subject to the same applicable terms and
conditions (including vesting, payment and forfeitability) as apply to the PRSUs based on which the dividend equivalents were credited,
and such amounts shall be paid in cash at the same time as the PRSUs to which they relate are settled.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify">The obligation of the Company under this Agreement will be merely that of an unfunded and unsecured promise
of the Company to deliver shares of Common Stock in the future, and the rights of the Participant will be no greater than that of an unsecured
general creditor. No assets of the Company will be held or set aside as security for the obligations of the Company under this Agreement.</TD></TR></TABLE>

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

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <B><U>Adjustments</U></B>. The number of shares of Common Stock issuable for each PRSU and the other terms and conditions of the
grant evidenced by this Agreement are subject to mandatory adjustment, including as provided in Section 11 of the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Taxes</U></B>. To the extent that the Company is required to withhold federal, state, local, or foreign taxes or other amounts
in connection with any payment made or benefit realized by the Participant under this Agreement, and the amounts available to the Company
for such withholding are insufficient, it shall be a condition to the receipt of such payment or the realization of such benefit that
the Participant make arrangements satisfactory to the Company for payment of the balance of such taxes or other amounts required to be
withheld. If the Participant&rsquo;s benefit is to be received in the form of shares of Common Stock, then, unless otherwise determined
by the Committee, the Company will withhold shares of Common Stock having a value equal to the amount required to be withheld. The shares
of Common Stock used for tax or other withholding will be valued at an amount equal to the fair market value of such shares of Common
Stock on the date the benefit is to be included in the Participant&rsquo;s income. In no event will the market value of Common Stock to
be withheld pursuant to this <B><U>Section 9</U></B> to satisfy applicable withholding taxes or other amounts exceed the minimum amount
of taxes required to be withheld. Notwithstanding any other provision of this Agreement, the Company shall not be obligated to guarantee
any particular tax result for the Participant with respect to any payment provided to the Participant hereunder, and the Participant shall
be responsible for any taxes imposed on the Participant with respect to any such payment.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify">The Company shall make reasonable efforts to comply with all applicable federal and state securities laws;
<U>provided</U>, <U>however</U>, that notwithstanding any other provision of the Plan and this Agreement, the Company shall not be obligated
to issue any shares of Common Stock pursuant to this Agreement if the issuance thereof would result in a violation of any such law.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD STYLE="text-align: justify">Notwithstanding anything in this Agreement to the contrary, nothing in this Agreement prevents the Participant
from providing, without prior notice to the Company, information to governmental authorities regarding possible legal violations or otherwise
testifying or participating in any investigation or proceeding by any governmental authorities regarding possible legal violations, and
for purpose of clarity the Participant is not prohibited from providing information voluntarily to the Securities and Exchange Commission
pursuant to Section 21F of the Exchange Act.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><U>Compliance
With Section 409A of the Code</U></B>. To the extent applicable, it is intended that this Agreement and the Plan comply with or be
exempt from the provisions of Section 409A of the Code. This Agreement and the Plan shall be administered in a manner consistent
with this intent, and any provision that would cause this Agreement or the Plan to fail to satisfy Section 409A of the Code shall
have no force or effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent
permitted by Section 409A of the Code and may be made by the Company without the consent of the Participant). Notwithstanding the
foregoing, the Company is not guaranteeing any particular tax outcome, and the Participant shall remain solely liable for any and
all tax consequences associated with the PRSUs.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B><U>Competitive Activity; Non-Solicitation; Confidentiality</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&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">(a)</TD><TD STYLE="text-align: justify"><U>Acknowledgements and Agreements</U>. The Participant hereby acknowledges and agrees that in the performance
of Participant&rsquo;s duties to the Company, the Participant shall be brought into frequent contact with existing and potential customers
of the Company throughout the world. The Participant also agrees that trade secrets and confidential information of the Company, more
fully described in <B><U>Section&nbsp;12(e)(i)</U></B>, gained by the Participant during the Participant&rsquo;s association with the
Company, have been developed by the Company through substantial expenditures of time, effort and money and constitute valuable and unique
property of the Company. The Participant further understands and agrees that the foregoing makes it necessary for the protection of the
Company&rsquo;s business that the Participant not compete with the Company during the Participant&rsquo;s employment with the Company
and not compete with the Company for a reasonable period thereafter, as further provided in the following subparagraphs. In consideration
of the Participant&rsquo;s receipt of the PRSUs and the confidential information described herein, the Participant agrees to the restrictive
covenants in this <B><U>Section 12</U></B>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(b)</TD><TD><U>Covenants</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify"><U>Covenants During Employment</U>. While employed by the Company, the Participant shall not compete with
the Company anywhere in the world. In accordance with this restriction, but without limiting its terms, while employed by the Company,
the Participant shall not:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: justify">create, establish, enter into, be employed by or engage in any manner, either directly or indirectly,
in any business which competes with the Company&rsquo;s business;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: justify">solicit customers, business, patronage or orders for, or sell, any products or services in competition
with, or for any business that competes with, the Company&rsquo;s business;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: justify">divert, entice or otherwise take away any customers, vendors, business, patronage or orders of the Company
or attempt to do so; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(D)</TD><TD STYLE="text-align: justify">promote or assist, financially or otherwise, any person, firm, association, partnership, corporation or
other entity engaged in any business which competes with the Company&rsquo;s business.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></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-top: 0pt; margin-bottom: 0pt">&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: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify"><U>Covenants Following Termination</U>. For a period of two (2) years following the termination of the
Participant&rsquo;s employment for any reason, the Participant shall not:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: justify">accept employment from, enter into or engage in any business which competes with the Company&rsquo;s Business
within the Restricted Territory;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: justify">solicit customers, business, patronage or orders for, or sell, any products and services in competition
with, or for any business, wherever located, that competes with, the Company&rsquo;s Business within the Restricted Territory;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: justify">divert, entice or otherwise take away any customers, business, patronage or orders of the Company within
the Restricted Territory, or attempt to do so; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1.5in"></TD><TD STYLE="width: 0.5in">(D)</TD><TD STYLE="text-align: justify">promote or assist, financially or otherwise, any person, firm, association, partnership, corporation or
other entity engaged in any business which competes with the Company&rsquo;s Business within the Restricted Territory.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify"><U>Indirect Competition</U>. For the purposes of <B><U>Section&nbsp;12(b)(i)</U></B> and <B><U>(ii)</U></B>
inclusive, but without limitation thereof, the Participant shall be in violation thereof if the Participant engages in any or all of the
activities set forth therein directly as an individual on the Participant&rsquo;s own account, or indirectly as a partner, joint venturer,
employee, agent, salesperson, consultant, officer and/or director of any firm, association, partnership, corporation or other entity,
or as a stockholder of any corporation in which the Participant or the Participant&rsquo;s spouse, child or parent owns, directly or indirectly,
individually or in the aggregate, more than five percent (5%) of the outstanding stock.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">If it shall be judicially determined that the Participant has violated this <B><U>Section&nbsp;12(b)</U></B>,
then the period applicable to each obligation that the Participant shall have been determined to have violated shall automatically be
extended by a period of time equal in length to the period during which such violation(s) occurred.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(c)</TD><TD STYLE="text-align: justify"><U>The Company</U>. For purposes of this <B><U>Section&nbsp;12</U></B>, the Company shall include any
and all direct and indirect subsidiary, parent, affiliated or related companies of the Company for which the Participant worked or had
responsibility at the time of termination of the Participant&rsquo;s employment and at any time during the two (2) year period prior to
such termination.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(d)</TD><TD STYLE="text-align: justify"><U>Non-Solicitation</U>. The Participant shall not, directly or indirectly, at any time, during the
                                                               period of the Participant&rsquo;s employment or for one year thereafter, attempt to disrupt, damage, impair or interfere with the
                                                               Company&rsquo;s business by raiding any of the Company&rsquo;s employees or soliciting any of them to resign from their employment
                                                               with the Company, or by disrupting the relationship between the Company and any of its consultants, agents or representatives. The
                                                               Participant acknowledges that this covenant is necessary
to enable the Company to maintain a stable workforce and remain in business.</TD></TR></TABLE>

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></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 0pt 1in; text-align: justify">&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">(e)</TD><TD><U>Further Covenants</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">The Participant shall keep in strict confidence, and shall not, directly or indirectly, at any time, during
or after the Participant&rsquo;s employment with the Company, disclose, furnish, disseminate, make available or, except in the course
of performing the Participant&rsquo;s duties of employment, use any trade secrets or confidential business and technical information of
the Company or its customers or vendors, without limitation as to when or how the Participant may have acquired such information. With
respect to materials that are trade secrets, the protection shall last for so long as the materials remain trade secrets as defined by
law. For the remainder of the confidential information, the protection shall last for 20 years post-termination. Such confidential information
shall include, without limitation, the Company&rsquo;s unique selling, manufacturing and servicing methods and business techniques, plant
schematics and operating manuals, training, service and business manuals, promotional materials, training courses and other training and
instructional materials, vendor and product information, customer and prospective customer lists, other customer and prospective customer
information, strategic business plans, systems designs and other business information. The Participant specifically acknowledges that
all such confidential information, whether reduced to writing, maintained on any form of electronic media or maintained in the mind or
memory of the Participant, and whether compiled by the Company and/or the Participant, derives independent economic value from not being
readily known to or ascertainable by proper means by others who can obtain economic value from its disclosure or use, that reasonable
efforts have been made by the Company to maintain the secrecy of such information, that such information is the sole property of the Company
and that any retention and use of such information by the Participant during the Participant&rsquo;s employment with the Company (except
in the course of performing the Participant&rsquo;s duties and obligations to the Company) or after the termination of the Participant&rsquo;s
employment shall constitute a misappropriation of the Company&rsquo;s trade secrets.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">The U.S. Defend Trade Secrets Act of 2016 (&ldquo;<U>DTSA</U>&rdquo;) provides that an individual shall
not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (A) is
made in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney, and solely for
the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit
or other proceeding, if such filing is made under seal. In addition, the DTSA provides that an individual who files a lawsuit for retaliation
by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and usethe trade secret information in the
court proceeding, if the individual files any document containing the trade secret under seal and does not disclose the trade secret,
except pursuant to court order.</TD></TR></TABLE>

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"></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 0pt 1.5in; text-align: justify">&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: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">The Participant agrees that upon termination of the Participant&rsquo;s employment with the Company for
any reason, the Participant shall return to the Company, in good condition, all property of the Company, including, without limitation,
the originals and all copies of any materials which contain, reflect, summarize, describe, analyze or refer or relate to any items of
information listed in <B><U>Section&nbsp;12(e)(i)</U></B> of this Agreement. In the event that such items are not so returned, the Company
shall have the right to charge the Participant for all reasonable damages, costs, attorneys&rsquo; fees and other expenses incurred in
searching for, taking, removing and/or recovering such property.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(f)</TD><TD><U>Discoveries and Inventions; Work Made for Hire</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">The Participant agrees that upon conception and/or development of any idea, discovery, invention, improvement,
software, writing or other material or design that: (A)&nbsp;relates to the business of the Company, or (B)&nbsp;relates to the Company&rsquo;s
actual or demonstrably anticipated research or development, or (C)&nbsp;results from any work performed by the Participant for the Company,
the Participant does hereby assign to the Company the entire right, title and interest in and to any such idea, discovery, invention,
improvement, software, writing or other material or design. The Participant has no obligation to assign any idea, discovery, invention,
improvement, software, writing or other material or design that the Participant conceives and/or develops entirely on the Participant&rsquo;s
own time without using the Company&rsquo;s equipment, supplies, facilities, or trade secret information unless the idea, discovery, invention,
improvement, software, writing or other material or design: (x)&nbsp;relates to the business of the Company, or (y)&nbsp;relates to the
Company&rsquo;s actual or demonstrably anticipated research or development, or (z)&nbsp;results from any work performed by the Participant
for the Company. The Participant agrees that any idea, discovery, invention, improvement, software, writing or other material or design
that relates to the business of the Company or relates to the Company&rsquo;s actual or demonstrably anticipated research or development
which is conceived or suggested by the Participant, either solely or jointly with others, within one (1) year following the termination
of the Participant&rsquo;s employment shall be presumed to have been so made, conceived or suggested in the course of such employment
with the use of the Company&rsquo;s equipment, supplies, facilities, and/or trade secrets.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">In order to determine the rights of the Participant and the Company in any idea, discovery, invention,
improvement, software, writing or other material, and to insure the protection of the same, the Participant agrees that during the Participant&rsquo;s
employment, and for two (2) years after the termination of the Participant&rsquo;s employment,
the Participant shall disclose immediately and fully to the Company any idea, discovery, invention, improvement, software, writing or
other material or design conceived, made or developed by the Participant solely or jointly with others. The Company agrees to keep any
such disclosures confidential. The Participant also agrees to record descriptions of all work in the manner directed by the Company and
agrees that all such records and copies, samples and experimental materials shall be the exclusive property of the Company. The Participant
agrees that at the request of and without charge to the Company, but at the Company&rsquo;s expense, the Participant shall execute a written
assignment of the idea, discovery, invention, improvement, software, writing or other material or design to the Company and shall assign
to the Company any application for letters patent or for trademark registration made thereon, and to any common-law or statutory copyright
therein; and that Participant shall do whatever may be necessary or desirable to enable the Company to secure any patent, trademark, copyright,
or other property right therein in the United States and in any foreign country, and any division, renewal, continuation, or continuation
in part thereof, or for any reissue of any patent issued thereon. In the event the Company is unable, after reasonable effort, and in
any event after ten (10) business days, to secure the Participant&rsquo;s signature on a written assignment to the Company of any application
for letters patent or to any common-law or statutory copyright or other property right therein, whether because of the Participant&rsquo;s
physical or mental incapacity or for any other reason whatsoever, the Participant irrevocably designates and appoints the Corporate Secretary
of the Company as the Participant&rsquo;s attorney-in-fact to act on the Participant&rsquo;s behalf to execute and file any such application
and to do all other lawfully permitted acts to further the prosecution and issuance of such letters patent, copyright or trademark.</TD></TR></TABLE>

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"></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 0pt 1.5in; text-align: justify">&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: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">The Participant acknowledges that, to the extent permitted by law, all work papers, reports, documentation,
drawings, photographs, negatives, tapes and masters thereof, prototypes and other materials (hereinafter, &ldquo;items&rdquo;), including
without limitation, any and all such items generated and maintained on any form of electronic media, generated by the Participant during
the Participant&rsquo;s employment with the Company shall be considered a &ldquo;work made for hire&rdquo; and that ownership of any and
all copyrights in any and all such items shall belong to the Company. The item shall recognize the Company as the copyright owner, shall
contain all proper copyright notices, e.g., &ldquo;(creation date) PureCycle Technologies, Inc., All Rights Reserved,&rdquo; and shall
be in condition to be registered or otherwise placed in compliance with registration or other statutory requirements throughout the world.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(g)</TD><TD STYLE="text-align: justify"><U>Communication of Contents of Agreement</U>. While employed by the Company and for two (2) years
                                                               thereafter, the Participant shall communicate the contents of <B><U>Section&nbsp;12</U></B> of this Agreement to any person, firm,
                                                               association, partnership, corporation or other entity that the Participant
intends to be employed by, associated with or represent.</TD></TR></TABLE>

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




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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&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">(h)</TD><TD STYLE="text-align: justify"><U>Confidentiality Agreements</U>. The Participant agrees that the Participant shall not disclose to the
Company or induce the Company to use any secret or confidential information belonging to the Participant&rsquo;s former employers. The
Participant warrants that the Participant is not bound by the terms of a confidentiality agreement or other agreement with a third party
that would preclude or limit the Participant&rsquo;s right to work for the Company and/or to disclose to the Company any ideas, inventions,
discoveries, improvements or designs or other information that may be conceived during employment with the Company. The Participant agrees
to provide the Company with a copy of any and all agreements with a third party that preclude or limit the Participant&rsquo;s right to
make disclosures or to engage in any other activities contemplated by the Participant&rsquo;s employment with the Company.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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 STYLE="text-align: justify"><U>Relief</U>. The Participant acknowledges and agrees that the remedy at law available to the Company
for breach of any of the Participant&rsquo;s obligations under this Agreement would be inadequate. The Participant therefore agrees that,
in addition to any other rights or remedies that the Company may have at law or in equity, temporary and permanent injunctive relief may
be granted in any proceeding which may be brought to enforce any provision contained in <B><U>Sections 12(b)</U></B>, <B><U>12(d)</U></B>,
<B><U>12(e)</U></B>, <B><U>12(f)</U></B>, <B><U>12(g)</U></B> and <B><U>12(h)</U></B> inclusive, of this Agreement, without the necessity
of proof of actual damage.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(j)</TD><TD STYLE="text-align: justify"><U>Reasonableness</U>. The Participant acknowledges that the Participant&rsquo;s obligations under this
<B><U>Section&nbsp;12</U></B> are reasonable in the context of the nature of the Company&rsquo;s Business and the competitive injuries
likely to be sustained by the Company if the Participant were to violate such obligations. The Participant further acknowledges that this
Agreement is made in consideration of, and is adequately supported by, the agreement of the Company to perform its obligations under this
Agreement and by other consideration, which the Participant acknowledges constitutes good, valuable and sufficient consideration.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(k)</TD><TD STYLE="text-align: justify"><U>Other Acknowledgements</U>. The restrictions in this <B><U>Section&nbsp;12</U></B> do not supersede,
and are in addition to, restrictive covenants contained in any other form of agreement, such as an employment agreement, between the Company
and the Participant, to the extent enforceable pursuant to the terms of the other agreement. Nothing in this Agreement prevents the Participant
from providing, without prior notice to the Company, information to governmental authorities regarding possible legal violations or otherwise
testifying or participating in any investigation or proceeding by any governmental authorities regarding possible legal violations.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&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">(l)</TD><TD STYLE="text-align: justify"><U>Prevailing Party&rsquo;s Litigation Expenses</U>. In the event of litigation between the Company and
the Participant related to this <B><U>Section&nbsp;12</U></B>, the non-prevailing party shall reimburse the prevailing party for any costs
and expenses (including, without limitation, attorneys&rsquo; fees) reasonably incurred by the prevailing party in connection therewith.</TD></TR></TABLE>

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

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Survival</U></B>.
Subject to any limits on applicability contained therein, <B><U>Section&nbsp;12</U></B> shall survive and continue in full force in accordance
with its terms notwithstanding any termination of the Participant&rsquo;s employment or the vesting or forfeiture of this award.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Interpretation</U></B>. Any reference in this Agreement to Section 409A of the Code will also include any proposed, temporary
or final regulations, or any other guidance, promulgated with respect to such Section by the U.S. Department of the Treasury or the Internal
Revenue Service.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">15.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>No Right to Future Awards or Employment</U>. </B>The grant of the PRSUs under this Agreement to the Participant is a voluntary,
discretionary award being made on a one-time basis and it does not constitute a commitment to make any future awards. The grant of the
PRSUs and any payments made hereunder will not be considered salary or other compensation for purposes of any severance pay or similar
allowance, except as otherwise required by law. Nothing contained in this Agreement shall confer upon the Participant any right to be
employed or remain employed by the Company or any of its Subsidiaries, nor limit or affect in any manner the right of the Company or any
of its Subsidiaries to terminate the employment or adjust the compensation of the Participant.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">16.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Relation to Other Benefits</U></B>. Any economic or other benefit to the Participant under this Agreement or the Plan shall
not be taken into account in determining any benefits to which the Participant may be entitled under any other compensatory arrangement
maintained by the Company or any of its Subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">17.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Amendments</U></B>. Any amendment to the Plan shall be deemed to be an amendment to this Agreement to the extent that the
amendment is applicable hereto; <U>provided</U>, <U>however</U>, that no amendment shall adversely affect the rights of the Participant
under this Agreement without the Participant&rsquo;s written consent, and the Participant&rsquo;s consent shall not be required to an
amendment that is deemed necessary by the Company to ensure compliance with Section 409A of the Code or Section 10D of the Exchange Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">18.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Severability</U></B>. In the event that one or more of the provisions of this Agreement shall be invalidated for any reason
by a court of competent jurisdiction, any provision so invalidated shall be deemed to be separable from the other provisions hereof, and
the remaining provisions hereof shall continue to be valid and fully enforceable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">19.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Relation to Plan</U></B>. The PRSUs granted under this Agreement and all of the terms and conditions hereof are subject to
all of the terms and conditions of the Plan. In the event of any inconsistency between this Agreement and the Plan, the terms of the Plan
will govern. The Committee acting pursuant to the Plan, as constituted from time to time, shall, except as expressly provided otherwise
herein or in the Plan, have the right to determine any questions which arise in connection with this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">20.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Clawback</U></B>.
Notwithstanding anything in this Agreement to the contrary, the Participant acknowledges and agrees that this Agreement and the
award described herein are subject to the terms and conditions of the Company&rsquo;s clawback policy (if any) as may be in effect
from time to time specifically to implement Section 10D of the Exchange Act and any applicable rules or regulations promulgated
thereunder (including applicable rules and regulations of any national securities exchange on which the Common Stock may be
traded).</P>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">21.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Electronic Delivery</U></B>. The Company may, in its sole discretion, deliver any documents related to the PRSUs and the
Participant&rsquo;s participation in the Plan, or future awards that may be granted under the Plan, by electronic means or request the
Participant&rsquo;s consent to participate in the Plan by electronic means. The Participant hereby consents to receive such documents
by electronic delivery and, if requested, agrees to participate in the Plan through an on-line or electronic system established and maintained
by the Company or another third party designated by the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">22.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Choice of Law; Venue</U></B>. This Agreement shall be governed by and construed with the internal substantive laws of the
State of Delaware, without giving effect to any principle of law that would result in the application of the law of any other jurisdiction.
In addition, the Participant agrees that the state and federal courts located in the state of Florida shall have jurisdiction in any action,
suit or proceeding against the Participant based on or arising out of this Agreement and the Participant hereby: (a) submits to the personal
jurisdiction of such courts; (b) consents to service of process in connection with any action, suit or proceeding against the Participant;
and (c) irrevocably waives any other requirement (whether imposed by statute, rule of court or otherwise) or any objection which the Participant
now or hereafter may have with respect to personal jurisdiction, venue or service of process.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">23.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Successors and Assigns</U></B>. Without limiting <B><U>Section 3</U></B> hereof, the provisions of this Agreement shall inure
to the benefit of, and be binding upon, the successors, administrators, heirs, legal representatives and assigns of the Participant, and
the successors and assigns of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">24.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Acknowledgement</U></B>. The Participant acknowledges that the Participant (a) has received a copy of the Plan, (b) has had
an opportunity to review the terms of this Agreement and the Plan, (c) understands the terms and conditions of this Agreement and the
Plan and (d) agrees to such terms and conditions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">25.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Counterparts</U></B>. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an
original but all of which together will constitute one and the same agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signatures on following page</I>]</P>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">IN WITNESS WHEREOF, the undersigned have executed
this Agreement on the day and year indicated below.</P>

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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif">PURECYCLE TECHNOLOGIES, INC.</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
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