<SEC-DOCUMENT>0001104659-23-065496.txt : 20230526
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<ACCEPTANCE-DATETIME>20230526163037
ACCESSION NUMBER:		0001104659-23-065496
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		14
CONFORMED PERIOD OF REPORT:	20230523
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20230526
DATE AS OF CHANGE:		20230526

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REDWOOD TRUST INC
		CENTRAL INDEX KEY:			0000930236
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				680329422
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13759
		FILM NUMBER:		23969480

	BUSINESS ADDRESS:	
		STREET 1:		ONE BELVEDERE PLACE
		STREET 2:		SUITE 300
		CITY:			MILL VALLEY
		STATE:			CA
		ZIP:			94941
		BUSINESS PHONE:		(415) 380-2317

	MAIL ADDRESS:	
		STREET 1:		ONE BELVEDERE PLACE
		STREET 2:		SUITE 300
		CITY:			MILL VALLEY
		STATE:			CA
		ZIP:			94941
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>UNITED STATES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

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

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>CURRENT REPORT</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Pursuant to Section 13 OR  15(d) of The
Securities Exchange Act of 1934</b></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Date of Report (Date of earliest event
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

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<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: 0pt 0; text-align: center"><b>Not Applicable</b><br />
(Former name or former address, if changed since last report)</p>

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

<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: 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">&#160;</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 (see General Instruction A.2. below):</p>

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

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

<table cellspacing="0" cellpadding="0" style="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0px; margin-bottom: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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    <td style="text-align: justify"><span style="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0px; margin-bottom: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
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    <td style="text-align: justify"><span style="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">Indicate by check mark whether the registrant is an emerging
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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: right"><span style="font-size: 10pt">Emerging growth
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 10pt">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. <span style="font-family: Wingdings">&#168;</span></span></p>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">Securities registered pursuant to Section
12(b) of the Act:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&#160;</p>

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 registered</b></span></td></tr>
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<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"></p>

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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"><b>Item 5.02. (e)&#160;Compensatory Arrangements
of Certain Employees</b></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">Redwood Trust,&#160;Inc. (the &#8220;Company&#8221;)
held its 2023 Annual Meeting of Stockholders on May&#160;23, 2023 (the &#8220;Annual Meeting&#8221;). During the Annual Meeting, stockholders
voted to approve an amendment (the &#8220;Amendment&#8221;) to the Company&#8217;s Amended and Restated 2014 Incentive Award Plan (the
&#8220;Incentive Plan&#8221;) to, among other matters, increase the maximum number of shares available for issuance under the Incentive
Plan, extend the right to grant awards under the Incentive Plan through the tenth anniversary of the effective date of the Amendment,
eliminate &#8220;share recycling&#8221; with respect to shares tendered by participants to satisfy certain obligations under the Incentive
Plan, and to remove or modify provisions of the Incentive Plan related to a now-repealed section of the Internal Revenue Code of 1986,
as amended. With both stockholder approval of the Amendment and prior approval by the Company&#8217;s Board of Directors, the number of
shares available for issuance under the Incentive Plan, as amended by the Amendment, will increase by 9,650,000 shares of common stock.</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 foregoing description of the Incentive Plan
as amended by the Amendment is qualified in its entirety by the text of the Incentive Plan, as amended, which is filed as Exhibit&#160;10.1
hereto and incorporated herein by reference.</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"><b>Item 5.07.&#160;&#160;Submission of Matters
to a Vote of Security Holders</b></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">As noted above, the Company held&#160;its Annual
Meeting on May&#160;23, 2023. There were 113,719,555 shares of Company common stock entitled to vote at the Annual Meeting.&#160;&#160;There
were five items voted upon at the Annual Meeting, with the voting results for each item set forth below.</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"><span style="text-decoration: underline">Item 1</span>.&#160;&#160;During the Annual Meeting,
stockholders voted to elect Greg H. Kubicek, Christopher J. Abate, Armando Falcon, Douglas B. Hansen, Debora D. Horvath, George W. Madison,
Georganne C. Proctor, Dashiell I. Robinson, and Faith A. Schwartz as directors to serve on the Board of Directors until the annual meeting
of stockholders in 2024 and until their successors are duly elected and qualify.&#160;&#160;The stockholders&#8217; votes with respect
to the election of directors were as follows:</p>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">Nominee</td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">For</td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Abstain</td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 40%; font-size: 10pt; text-align: justify">Greg H. Kubicek</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 13%; font-size: 10pt; text-align: left">71,284,862</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 13%; font-size: 10pt; text-align: left">3,169,665</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 13%; font-size: 10pt; text-align: left">243,446</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 13%; font-size: 10pt; text-align: left">21,412,110</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: justify">Christopher J. Abate</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">73,119,981</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">1,393,147</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">184,845</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">21,412,110</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; text-align: justify">Armando Falcon</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">67,540,978</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">6,946,043</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">210,952</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">21,412,110</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: justify">Douglas B. Hansen</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">73,014,496</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">1,473,039</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">210,438</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">21,412,110</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; text-align: justify">Debora D. Horvath</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">72,206,130</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">2,312,178</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">179,665</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">21,412,110</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: justify">George W. Madison</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">73,622,965</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">856,173</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">218,835</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">21,412,110</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; text-align: justify">Georganne C. Proctor</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">69,922,461</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">4,586,494</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">189,018</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">21,412,110</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: justify">Dashiell I. Robinson</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">71,960,256</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">2,540,013</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">197,704</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">21,412,110</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; text-align: justify">Faith A. Schwartz</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">73,502,476</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">974,983</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">220,514</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: left">21,412,110</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration: underline">Item 2</span>.&#160;&#160;During the Annual Meeting,
stockholders voted to ratify the appointment of Grant Thornton LLP as the Company&#8217;s independent registered public accounting firm
for the year ending December&#160;31, 2023. The stockholders&#8217; votes with respect to the ratification of Grant Thornton LLP as the
Company&#8217;s independent registered public accounting firm were as follows:</p>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">For</td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Against</td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Abstentions</td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: left">95,180,164</td><td style="text-align: left; width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: left">757,170</td><td style="text-align: left; width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: left">172,749</td><td style="text-align: left; width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: left">0</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration: underline">Item 3</span>.&#160;&#160;During the Annual Meeting,
stockholders voted on a non-binding advisory resolution to approve named executive officer compensation as disclosed in the annual proxy
statement for the Annual Meeting. The stockholders&#8217; votes with respect to approval of this advisory resolution were as follows:</p>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">For</td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Against</td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Abstentions</td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: left">59,804,939</td><td style="text-align: left; width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: left">11,794,977</td><td style="text-align: left; width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: left">3,098,057</td><td style="text-align: left; width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: left">21,412,110</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

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

<!-- Field: Page; Sequence: 2 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</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">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration: underline">Item 4</span>.&#160;&#160;During the Annual Meeting,
stockholders voted on a non-binding advisory resolution to approve the frequency of an advisory vote on named executive officer compensation.
The stockholders&#8217; votes with respect to approval of this advisory resolution were as follows:</p>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Every Year</td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Every Two Years</td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold">Every Three Years</td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Abstentions</td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 19%; font-size: 10pt; text-align: left">73,541,915</td><td style="text-align: left; width: 2%; font-size: 10pt">&#160;</td>
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    <td style="width: 18%; font-size: 10pt; text-align: left">660,891</td><td style="text-align: left; width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 18%; font-size: 10pt; text-align: left">294,107</td><td style="text-align: left; width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 18%; font-size: 10pt; text-align: left">21,412,110</td></tr>
  </table>

<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"><span style="text-decoration: underline">Item 5</span>.&#160;&#160;As noted in Item 5.02(e)&#160;above<span style="font-size: 10pt">,
d</span>uring the Annual Meeting, stockholders voted to approve an Amendment to the Company&#8217;s Incentive Plan to , among other matters,
increase the maximum number of shares available for issuance under the Incentive Plan by 9,650,000 shares of common stock, extend the
right to grant awards under the Incentive Plan through the tenth anniversary of the effective date of the Amendment, eliminate &#8220;share
recycling&#8221; with respect to shares tendered by participants to satisfy certain obligations under the Incentive Plan, and to remove
or modify provisions of the Incentive Plan related to a now-repealed section of the Internal Revenue Code of 1986, as amended. The stockholders&#8217;
votes with respect to this Amendment of the Incentive Plan were as follows:</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 style="border-bottom: black 1pt solid; width: 25%; text-align: center"><b>For</b></td>
    <td style="text-align: center; width: 1%; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: black 1pt solid; width: 24%; text-align: center"><b>Against</b></td>
    <td style="text-align: center; width: 1%; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: black 1pt solid; width: 24%; text-align: center"><b>Abstentions</b></td>
    <td style="text-align: center; width: 1%; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: black 1pt solid; width: 24%; text-align: center"><b>Broker Non-Votes</b></td></tr>
  <tr style="vertical-align: bottom; background-color: #CCEEFF">
    <td>68,866,700</td>
    <td>&#160;</td>
    <td>5,312,398</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</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">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Item 9.01. Financial Statements and Exhibits.</b></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">(d)&#160;Exhibits</p>

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

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<td style="font-size: 10pt; width: 12%; text-align: left"><a href="tm2317085d1_ex10-1.htm">Exhibit 10.1</a></td><td style="font-size: 10pt; text-align: justify; width: 88%"><a href="tm2317085d1_ex10-1.htm">Redwood Trust,&#160;Inc. Second Amended and Restated
2014 Incentive Award Plan</a></td>
</tr><tr style="font-size: 10pt; vertical-align: top; text-align: justify">
<td style="font-size: 10pt; text-align: left">&#160;</td><td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
     <tr style="font-size: 10pt; vertical-align: top; text-align: justify">
<td style="font-size: 10pt; text-align: left">104 </td><td style="font-size: 10pt; text-align: justify">Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)</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"></p>

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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: center"><b>SIGNATURES</b></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">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 thereunto 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>
    <td style="vertical-align: top; text-align: justify">Date:&#160;&#160;May&#160;26, 2023</td>
    <td colspan="2" style="text-align: justify">REDWOOD TRUST,&#160;INC.</td></tr>
  <tr>
    <td style="width: 50%; text-align: justify">&#160;</td>
    <td style="vertical-align: top; width: 3%; text-align: justify">&#160;</td>
    <td style="width: 47%; text-align: justify; text-indent: 0.5in">&#160;</td></tr>
  <tr>
    <td style="text-align: justify">&#160;</td>
    <td style="vertical-align: top; text-align: justify">By:&#160;&#160;</td>
    <td style="border-bottom: black 1pt solid; text-align: justify">/s/ Andrew P. Stone</td></tr>
  <tr>
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify">Name:&#160;&#160;Andrew P. Stone&#160;</td></tr>
  <tr>
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify">&#160;</td>
    <td style="padding-left: 30.6pt; text-align: justify; text-indent: -30.6pt">Title:&#160;&#160;Executive Vice President, Chief Legal Officer, and Secretary</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</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"><B>REDWOOD TRUST,&nbsp;INC.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2014 INCENTIVE AWARD PLAN</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURPOSE</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">The purpose of the Second
Amended and Restated Redwood Trust,&nbsp;Inc. 2014 Incentive Award Plan, as amended on May&nbsp;23, 2023 (as it may be amended or restated
from time to time, the &ldquo;<FONT STYLE="font-size: 10pt"><U>Plan</U></FONT>&rdquo;), is to promote the success and enhance the value
of Redwood Trust,&nbsp;Inc. (the &ldquo;<FONT STYLE="font-size: 10pt"><U>Company</U></FONT>&rdquo;) by linking the individual interests
of the members of the Board, Employees, and Consultants to those of Company stockholders and by providing such individuals with an incentive
for outstanding performance to generate superior returns to Company stockholders. The Plan is further intended to provide flexibility
to the Company in its ability to motivate, attract, and retain the services of members of the Board, Employees, and Consultants upon whose
judgment, interest, and special effort the successful conduct of the Company&rsquo;s operation is largely dependent. The Plan amends and
restates in its entirety the Amended and Restated Redwood Trust,&nbsp;Inc. 2014 Incentive Award Plan, as amended (the &ldquo;<FONT STYLE="font-size: 10pt"><U>Prior
Plan</U></FONT>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;2.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DEFINITIONS AND CONSTRUCTION</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">Wherever the following terms
are used in the Plan they shall have the meanings specified below, unless the context clearly indicates otherwise. The singular pronoun
shall include the plural where the context so indicates.</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">2.1 &ldquo;<FONT STYLE="font-size: 10pt"><U>Administrator</U></FONT>&rdquo;
shall mean the entity that conducts the general administration of the Plan as provided in Article&nbsp;13. With reference to the duties
of the Committee under the Plan which have been delegated to one or more persons pursuant to Section&nbsp;13.6, or as to which the Board
has assumed, the term &ldquo;Administrator&rdquo; shall refer to such person(s)&nbsp;unless the Committee or the Board has revoked such
delegation or the Board has terminated the assumption of such duties.</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">2.2 &ldquo;<FONT STYLE="font-size: 10pt"><U>Affiliate</U></FONT>&rdquo;
shall mean (a)&nbsp;any Subsidiary; and (b)&nbsp;any domestic eligible entity that is disregarded, under Treasury Regulation Section&nbsp;301.7701-3,
as an entity separate from either (i)&nbsp;the Company or (ii)&nbsp;any Subsidiary.</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">2.3 &ldquo;<FONT STYLE="font-size: 10pt"><U>Applicable
Accounting Standards</U></FONT>&rdquo; shall mean Generally Accepted Accounting Principles in the United States,&nbsp;International Financial
Reporting Standards or such other accounting principles or standards as may apply to the Company&rsquo;s financial statements under United
States federal securities laws from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.4 &ldquo;<FONT STYLE="font-size: 10pt"><U>Applicable
Law</U></FONT>&rdquo; shall mean any applicable law, including without limitation: (i)&nbsp;provisions of the Code, the Securities Act,
the Exchange Act and any rules&nbsp;or regulations thereunder; (ii)&nbsp;corporate, securities, tax or other laws, statutes, rules, requirements
or regulations, whether federal, state, local or foreign; and (iii)&nbsp;rules&nbsp;of any securities exchange or automated quotation
system on which the Shares are listed, quoted or traded.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.5 &ldquo;<FONT STYLE="font-size: 10pt"><U>Award</U></FONT>&rdquo;
shall mean an Option, a Restricted Stock award, a Restricted Stock Unit award, a Performance Award, a Dividend Equivalents award, a Deferred
Stock Unit award, a Stock Payment award or a Stock Appreciation Right, which may be awarded or granted under the Plan (collectively, &ldquo;<FONT STYLE="font-size: 10pt"><U>Awards</U></FONT>&rdquo;).</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">2.6 &ldquo;<FONT STYLE="font-size: 10pt"><U>Award
Agreement</U></FONT>&rdquo; shall mean any written notice, agreement, terms and conditions, contract or other instrument or document evidencing
an Award, including through electronic medium, which shall contain such terms and conditions with respect to an Award as the Administrator
shall determine consistent with the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.7 &ldquo;<FONT STYLE="font-size: 10pt"><U>Award
Limit</U></FONT>&rdquo; shall mean with respect to Awards that shall be payable in Shares or in cash, as the case may be, the respective
limit set forth in the first sentence of Section&nbsp;3.3.</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">2.8 &ldquo;<FONT STYLE="font-size: 10pt"><U>Board</U></FONT>&rdquo;
shall mean the Board of Directors of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.9 &ldquo;<FONT STYLE="font-size: 10pt"><U>Change
in Control</U></FONT>&rdquo; shall mean and includes each of the following:</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">(I)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;With
respect to any Award granted prior to the Effective Date, the following definition of &ldquo;Change in Control&rdquo; shall apply:</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: 1in">(a)&nbsp;any one person, or
more than one person acting as a group (within the meaning of Section&nbsp;409A of the Code), acquires ownership of stock of the Company
that, together with other stock held by such person or group constitutes more than fifty percent (50%) of the total fair market value
or total voting power of all stock of the Company; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;any one person, or
more than one person acting as a group (within the meaning of Section&nbsp;409A of the Code), acquires (or has acquired during the twelve
(12)-month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing
thirty percent (30%) or more of the total voting power of the stock of the Company; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;during any twelve (12)-month
period, a majority of the members of the Company&rsquo;s Board is replaced by directors whose appointment or election is not endorsed
by a majority of the members of the Board prior to such appointment or election; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;any one person, or
more than one person acting as a group (within the meaning of Section&nbsp;409A of the Code), acquires (or has acquired during the twelve
(12)-month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total
gross fair market value equal to or more than forty percent (40%) of the total gross fair market value of all of the assets of the Company
immediately before such acquisition or acquisition; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>, that that no &ldquo;Change in
Control&rdquo; shall be deemed to occur when the assets are transferred to (x)&nbsp;a shareholder of the Company in exchange for or with
respect to its stock, (y)&nbsp;a person, or more than one person acting as a group (within the meaning of Section&nbsp;409A of the Code),
that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all of the outstanding stock of the
Company, or (z)&nbsp;an entity, at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly,
by a person that owns directly or indirectly fifty percent (50%) or more of the total value or voting power of all of the outstanding
stock of the Company, in each case with such persons status determined immediately after the transfer of assets.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(II)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;With
respect to any Award granted on or after the Effective Date, the following definition of &ldquo;Change in Control&rdquo; shall apply:</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: 1in">(a)&nbsp;a transaction or series
of transactions (other than an offering of common stock to the general public through a registration statement filed with the Securities
and Exchange Commission or a transaction or series of transactions that meets the requirements of clauses (i)&nbsp;and (ii)&nbsp;of subsection
(c)&nbsp;below) whereby any &ldquo;person&rdquo; or related &ldquo;group&rdquo; of &ldquo;persons&rdquo; (as such terms are used in Sections
13(d)&nbsp;and 14(d)(2)&nbsp;of the Exchange Act) (other than the Company, any of its subsidiaries, an employee benefit plan maintained
by the Company or any of its subsidiaries or a &ldquo;person&rdquo; that, prior to such transaction, directly or indirectly controls,
is controlled by, or is under common control with, the Company) directly or indirectly acquires beneficial ownership (within the meaning
of Rule&nbsp;13d-3 under the Exchange Act) of securities of the Company possessing more than 30% of the total combined voting power of
the Company&rsquo;s securities outstanding immediately after such acquisition; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;during any period of
two consecutive years, individuals who, at the beginning of such period, constitute the Board together with any new Director(s)&nbsp;(other
than a Director designated by a person who shall have entered into an agreement with the Company to effect a transaction described in
subsections (a)&nbsp;or (c)&nbsp;of this definition) whose election by the Board or nomination for election by the Company&rsquo;s stockholders
was approved by a vote of at least two-thirds of the Directors then still in office who either were Directors at the beginning of the
two-year period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority
thereof; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;The consummation by
the Company (whether directly involving the Company or indirectly involving the Company through one or more intermediaries) of (x)&nbsp;a
merger, consolidation, reorganization, or business combination or (y)&nbsp;a sale or other disposition of all or substantially all of
the Company&rsquo;s assets in any single transaction or series of related transactions or (z)&nbsp;the acquisition of assets or stock
of another entity, in each case other than a transaction:</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: 1.5in">(i)&nbsp;which results in
the Company&rsquo;s voting securities outstanding immediately before the transaction continuing to represent (either by remaining outstanding
or by being converted into voting securities of the Company or the person that, as a result of the transaction, controls, directly or
indirectly, the Company or owns, directly or indirectly, all or substantially all of the Company&rsquo;s assets or otherwise succeeds
to the business of the Company (the Company or such person, the &ldquo;Successor Entity&rdquo;)) directly or indirectly, at least a majority
of the combined voting power of the Successor Entity&rsquo;s outstanding voting securities immediately after the transaction, and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;after which no person
or group beneficially owns voting securities representing 30% or more of the combined voting power of the Successor Entity; provided,
however, that no person or group shall be treated for purposes of this clause (ii)&nbsp;as beneficially owning 30% or more of the combined
voting power of the Successor Entity solely as a result of the voting power held in the Company prior to the consummation of the transaction.</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">(III)&nbsp;Notwithstanding
the foregoing, if a Change in Control constitutes a payment event with respect to any portion of an Award that provides for the deferral
of compensation and is subject to Section&nbsp;409A of the Code, the transaction or event described in any of the foregoing subsections
(I)(a), (I)(b), (I)(c), (I)(d), (II)(a), (II)(b), or (II)(c)&nbsp;with respect to such Award (or portion thereof) must also constitute
a &ldquo;change in control event,&rdquo; as defined in Treasury Regulation Section&nbsp;1.409A-3(i)(5)&nbsp;to the extent required by
Section&nbsp;409A.</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">(IV)&nbsp;The Committee shall
have full and final authority, which shall be exercised in its sole discretion, to determine conclusively whether a Change in Control
of the Company has occurred pursuant to the above definition, and the date of the occurrence of such Change in Control and any incidental
matters relating thereto; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT> that any exercise of authority in conjunction with a determination
of whether a Change in Control is a &ldquo;change in control event&rdquo; as defined in Treasury Regulation Section&nbsp;1.409A-3(i)(5)&nbsp;shall
be consistent with such regulation.</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">2.10 &ldquo;<FONT STYLE="font-size: 10pt"><U>Code</U></FONT>&rdquo;
shall mean the Internal Revenue Code of 1986, as amended from time to time, together with the regulations and official guidance promulgated
thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.11 &ldquo;<FONT STYLE="font-size: 10pt"><U>Committee</U></FONT>&rdquo;
shall mean the Compensation Committee of the Board, or another committee or subcommittee of the Board or the Compensation Committee, appointed
as provided in Section&nbsp;13.1.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.12 &ldquo;<FONT STYLE="font-size: 10pt"><U>Common
Stock</U></FONT>&rdquo; shall mean the common stock of the Company, par value $0.01 per share.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.13 &ldquo;<FONT STYLE="font-size: 10pt"><U>Company</U></FONT>&rdquo;
shall have the meaning set forth in Article&nbsp;1.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.14 &ldquo;<FONT STYLE="font-size: 10pt"><U>Consultant</U></FONT>&rdquo;
shall mean any consultant or adviser engaged to provide services to the Company or any Affiliate that qualifies as a consultant under
the applicable rules&nbsp;of the Securities and Exchange Commission for registration of shares on a Form&nbsp;S-8 Registration Statement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.15 [Reserved].</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">2.16 &ldquo;<FONT STYLE="font-size: 10pt"><U>Data</U></FONT>&rdquo;
shall have the meaning set forth in Section&nbsp;12.7.</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">2.17 &ldquo;<FONT STYLE="font-size: 10pt"><U>Deferred
Stock Unit</U></FONT>&rdquo; shall mean a right to receive Shares awarded under Section&nbsp;10.4.</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">2.18 &ldquo;<FONT STYLE="font-size: 10pt"><U>Director</U></FONT>&rdquo;
shall mean a member of the Board, as constituted from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.19 &ldquo;<FONT STYLE="font-size: 10pt"><U>Director
Limit</U></FONT>&rdquo; shall have the meaning set forth in Section&nbsp;3.3.</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">2.20 &ldquo;<FONT STYLE="font-size: 10pt"><U>Dividend
Equivalent</U></FONT>&rdquo; shall mean a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded
under Section&nbsp;10.2.</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">2.21 &ldquo;<FONT STYLE="font-size: 10pt"><U>DRO</U></FONT>&rdquo;
shall mean a domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security Act of 1974, as amended
from time to time, or the rules&nbsp;thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.22 &ldquo;<FONT STYLE="font-size: 10pt"><U>Effective
Date</U></FONT>&rdquo; shall mean May&nbsp;23, 2023, for purposes of the Plan (as amended and restated), the date on which the Plan is
approved by the Company&rsquo;s stockholders; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>, however, that solely for purposes
of the second to last sentence of Section&nbsp;14.1 hereof, the Effective Date shall be March&nbsp;14, 2023, the date on which the Plan
(as amended and restated) is adopted by the Board, subject to approval of the Plan (as amended and restated) by the Company&rsquo;s stockholders.
Notwithstanding the foregoing, the Prior Plan shall remain in effect on its existing terms unless and until the Plan (as amended and restated)
is approved by the Company&rsquo;s stockholders.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.23 &ldquo;<FONT STYLE="font-size: 10pt"><U>Eligible
Individual</U></FONT>&rdquo; shall mean any person who is an Employee, a Consultant or a Non-Employee Director, as determined by the Committee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.24 &ldquo;<FONT STYLE="font-size: 10pt"><U>Employee</U></FONT>&rdquo;
shall mean any officer or other employee (as determined in accordance with Section&nbsp;3401(c)&nbsp;of the Code and the Treasury Regulations
thereunder) of the Company or of any Affiliate.</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">2.25 &ldquo;<FONT STYLE="font-size: 10pt"><U>Equity
Restructuring</U></FONT>&rdquo; shall mean a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend,
stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind
of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share
value of the Common Stock underlying outstanding Awards.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.26 &ldquo;<FONT STYLE="font-size: 10pt"><U>Exchange
Act</U></FONT>&rdquo; shall mean the Securities Exchange Act of 1934, as amended from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.27 &ldquo;<FONT STYLE="font-size: 10pt"><U>Expiration
Date</U></FONT>&rdquo; shall have the meaning given to such term in Section&nbsp;14.1.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.28 &ldquo;<FONT STYLE="font-size: 10pt"><U>Fair
Market Value</U></FONT>&rdquo; shall mean, as of any given date, the value of a Share determined as follows:</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: 1in">(a)&nbsp;If the Common Stock
is listed on any (i)&nbsp;established securities exchange (such as the New York Stock Exchange, the NASDAQ Global Market and the NASDAQ
Global Select Market), (ii)&nbsp;national market system or (iii)&nbsp;automated quotation system on which the Shares are listed, quoted
or traded, its Fair Market Value shall be the closing sales price for a Share as quoted on such exchange or system for such date or, if
there is no closing sales price for a Share on the date in question, the closing sales price for a Share on the last preceding date for
which such quotation exists, as reported in <FONT STYLE="font-size: 10pt"><I>The Wall Street Journal</I></FONT> or such other source as
the Administrator deems reliable;</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: 1in">(b)&nbsp;If the Common Stock
is not listed on an established securities exchange, national market system or automated quotation system, but the Common Stock is regularly
quoted by a recognized securities dealer, its Fair Market Value shall be the mean of the high bid and low asked prices for such date or,
if there are no high bid and low asked prices for a Share on such date, the high bid and low asked prices for a Share on the last preceding
date for which such information exists, as reported in <FONT STYLE="font-size: 10pt"><I>The Wall Street Journal</I></FONT> or such other
source as the Administrator deems reliable; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;If the Common Stock
is neither listed on an established securities exchange, national market system or automated quotation system nor regularly quoted by
a recognized securities dealer, its Fair Market Value shall be established by the Administrator in good faith.</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">2.29 &ldquo;<FONT STYLE="font-size: 10pt"><U>Full
Value Award</U></FONT>&rdquo; shall mean any Award that is settled in Shares other than: (a)&nbsp;an Option, (b)&nbsp;a Stock Appreciation
Right or (c)&nbsp;any other Award for which the Holder pays the Fair Market Value as of the date of grant (whether directly or by forgoing
a right to receive a payment from the Company or any Affiliate).</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">2.30 &ldquo;<FONT STYLE="font-size: 10pt"><U>Greater
Than 10% Stockholder</U></FONT>&rdquo; shall mean an individual then owning (within the meaning of Section&nbsp;424(d)&nbsp;of the Code)
more than 10% of the total combined voting power of all classes of stock of the Company or any subsidiary corporation (as defined in Section&nbsp;424(f)&nbsp;of
the Code) or parent corporation thereof (as defined in Section&nbsp;424(e)&nbsp;of the Code).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.31 &ldquo;<FONT STYLE="font-size: 10pt"><U>Holder</U></FONT>&rdquo;
shall mean a person who has been granted an Award.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.32 &ldquo;<FONT STYLE="font-size: 10pt"><U>Incentive
Stock Option</U></FONT>&rdquo; shall mean an Option that is intended to qualify as an incentive stock option and conforms to the applicable
provisions of Section&nbsp;422 of the Code.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.33 &ldquo;<FONT STYLE="font-size: 10pt"><U>Non-Employee
Director</U></FONT>&rdquo; shall mean a Director of the Company who is not an Employee.</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">2.34 &ldquo;<FONT STYLE="font-size: 10pt"><U>Non-Employee
Director Equity Compensation Policy</U></FONT>&rdquo; shall have the meaning set forth in Section&nbsp;4.6.</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">2.35 &ldquo;<FONT STYLE="font-size: 10pt"><U>Non-Qualified
Stock Option</U></FONT>&rdquo; shall mean an Option that is not an Incentive Stock Option or which is designated as an Incentive Stock
Option but does not meet the applicable requirements of Section&nbsp;422 of the Code.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.36 &ldquo;<FONT STYLE="font-size: 10pt"><U>Option</U></FONT>&rdquo;
shall mean a right to purchase Shares at a specified exercise price, granted under Article&nbsp;6. An Option shall be either a Non-Qualified
Stock Option or an Incentive Stock Option; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>, <FONT STYLE="font-size: 10pt"><U>however</U></FONT>,
that Options granted to Non-Employee Directors and Consultants shall only be Non-Qualified Stock Options.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.37 &ldquo;<FONT STYLE="font-size: 10pt"><U>Option
Term</U></FONT>&rdquo; shall have the meaning set forth in Section&nbsp;6.4.</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">2.38 &ldquo;<FONT STYLE="font-size: 10pt"><U>Parent</U></FONT>&rdquo;
shall mean any entity (other than the Company), whether domestic or foreign, in an unbroken chain of entities ending with the Company
if each of the entities other than the Company beneficially owns, at the time of the determination, securities or interests representing
at least fifty percent (50%) of the total combined voting power of all classes of securities or interests in one of the other entities
in such chain.</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">2.39 &ldquo;<FONT STYLE="font-size: 10pt"><U>Performance
Award</U></FONT>&rdquo; shall mean a cash bonus award, stock bonus award, performance award or incentive award that is paid in cash, Shares
or a combination of both, awarded under Section&nbsp;10.1.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.40 [Reserved].</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">2.41 &ldquo;<FONT STYLE="font-size: 10pt"><U>Performance
Criteria</U></FONT>&rdquo; shall mean the criteria (and adjustments) that the Committee selects for an Award for purposes of establishing
the Performance Goal or Performance Goals for a Performance Period, determined as follows:</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: 1in">(a)&nbsp;The Performance Criteria
that may be used to establish Performance Goals are as follows: (i)&nbsp;net earnings or net income (in either case before or after one
or more of the following: (A)&nbsp;interest, (B)&nbsp;taxes, (C)&nbsp;depreciation and (D)&nbsp;amortization); (ii)&nbsp;adjusted net
income or adjusted net earnings (including earnings available for distribution); (iii)&nbsp;interest income or net interest income; (iv)&nbsp;revenue,
earnings, or income from mortgage banking activities; (v)&nbsp;taxable earnings or taxable income; (vi)&nbsp;REIT taxable earnings or
REIT taxable income; (vii)&nbsp;gross or net sales or revenue (including, without limitation, revenue from gains); (viii)&nbsp;operating
earnings, income or profit; (ix)&nbsp;gross or net profit or operating margin; (x)&nbsp;cash flow (including, but not limited to, operating
cash flow and free cash flow); (xi)&nbsp;return on assets (including adjusted return on assets); (xii)&nbsp;return on capital (including
adjusted return on capital); (xiii)&nbsp;return on investment (including adjusted return on investment); (xiv)&nbsp;return on equity or
stockholders&rsquo; equity (including adjusted return on equity or stockholders&rsquo; equity); (xv)&nbsp;return on sales or revenue (including
adjusted return on sales or revenue); (xvi)&nbsp;total stockholder return; (xvii)&nbsp;productivity or efficiency; (xviii)&nbsp;expenses,
including, without limitation, expenses associated with a particular administrative department, business function or activity or expenses
per loan or designated unit; (xix)&nbsp;working capital; (xx)&nbsp;any measure of revenue, sales, income, earnings, or profit described
in clauses (i)&nbsp;through (ix)&nbsp;measured on a per share basis (basic or diluted) or per employee basis; (xxi)&nbsp;price per share;
(xxii)&nbsp;implementation or completion of designated projects or initiatives or milestones relating to any such projects or initiatives;
(xxiii)&nbsp;market share; (xxiv)&nbsp;dividends paid or payable; and (xxv)&nbsp;economic value (including economic profit), any of which
may be measured on an adjusted basis and/or either in absolute terms or as compared to any incremental increase or decrease or as compared
to results of a competitor or group of competitors, to results of a peer group, to market performance indicators or indices, or to other
objective benchmarks.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;The Administrator,
in its sole discretion, may provide that one or more objectively determinable adjustments shall be made to one or more of the Performance
Goals. Such adjustments may include one or more of the following: (i)&nbsp;items related to a change in accounting principle; (ii)&nbsp;items
relating to financing activities; (iii)&nbsp;expenses for restructuring or productivity initiatives; (iv)&nbsp;other non-operating items;
(v)&nbsp;items related to acquisitions; (vi)&nbsp;items attributable to the business operations of any entity acquired by the Company
during the Performance Period; (vii)&nbsp;items related to the disposal of a business or segment of a business; (viii)&nbsp;items related
to discontinued operations that do not qualify as a segment of a business under Applicable Accounting Standards; (ix)&nbsp;items attributable
to any stock dividend, stock split, combination or exchange of stock occurring during the Performance Period; (x)&nbsp;any other items
of significant income or expense which are determined to be appropriate adjustments; (xi)&nbsp;items relating to unusual or extraordinary
corporate transactions, events or developments, (xii)&nbsp;items related to amortization of acquired intangible assets; (xiii)&nbsp;items
that are outside the scope of the Company&rsquo;s core, on-going business activities; (xiv)&nbsp;items related to acquired in-process
research and development; (xv)&nbsp;items relating to changes in tax laws; (xvi)&nbsp;items relating to major licensing or partnership
arrangements; (xvii)&nbsp;items relating to asset impairment charges; (xviii)&nbsp;items relating to gains or losses for litigation, arbitration
and contractual settlements; or (xix)&nbsp;items relating to any other unusual or nonrecurring events or changes in Applicable Law, accounting
principles or business conditions.</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">2.42 &ldquo;<FONT STYLE="font-size: 10pt"><U>Performance
Goals</U></FONT>&rdquo; shall mean, for a Performance Period, one or more goals established in writing by the Administrator for the Performance
Period based upon one or more Performance Criteria. Depending on the Performance Criteria used to establish such Performance Goals, the
Performance Goals may be expressed in terms of overall Company performance or the performance of a division, business unit, or an individual.
The achievement of each Performance Goal shall be determined, to the extent applicable, with reference to Applicable Accounting Standards.</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">2.43 &ldquo;<FONT STYLE="font-size: 10pt"><U>Performance
Period</U></FONT>&rdquo; shall mean one or more periods of time, which may be of varying and overlapping durations, as the Administrator
may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Holder&rsquo;s
right to, and the payment of, an Award.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.44 &ldquo;<FONT STYLE="font-size: 10pt"><U>Performance
Stock Unit</U></FONT>&rdquo; shall mean a Performance Award awarded under Section&nbsp;10.1 which is denominated in units of value including
dollar value of Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.45 &ldquo;<FONT STYLE="font-size: 10pt"><U>Permitted
Transferee</U></FONT>&rdquo; shall mean, with respect to a Holder, (i)&nbsp;any &ldquo;family member&rdquo; of the Holder, as defined
in the instructions to Form&nbsp;S-8 under the Securities Act, or (ii)&nbsp;with the prior approval of the Administrator, (a)&nbsp;a trust
for the benefit of one or more of the Holder or any &ldquo;family member&rdquo; of the Holder as defined in clause (i)&nbsp;above, (b)&nbsp;a
partnership, limited liability company or corporation in which the Holder or any &ldquo;family member&rdquo; of Holder as defined in clause
(i)&nbsp;above are the only partners, members or shareholders, or (c)&nbsp;a charitable organization or foundation.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.46 &ldquo;<FONT STYLE="font-size: 10pt"><U>Plan</U></FONT>&rdquo;
shall have the meaning set forth in Article&nbsp;1.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.47 &ldquo;<FONT STYLE="font-size: 10pt"><U>Prior
Plan</U></FONT>&rdquo; shall have the meaning set forth in Article&nbsp;1.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.48 &ldquo;<FONT STYLE="font-size: 10pt"><U>Program</U></FONT>&rdquo;
shall mean any program adopted by the Administrator pursuant to the Plan containing the terms and conditions intended to govern a specified
type of Award granted under the Plan and pursuant to which such type of Award may be granted under the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.49 &ldquo;<FONT STYLE="font-size: 10pt"><U>Restricted
Stock</U></FONT>&rdquo; shall mean Common Stock awarded under Article&nbsp;8 that is subject to certain restrictions and may be subject
to risk of forfeiture or repurchase.</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">2.50 &ldquo;<FONT STYLE="font-size: 10pt"><U>Restricted
Stock Units</U></FONT>&rdquo; shall mean the right to receive a grant that is denominated in Shares (and payable in Shares, cash, or a
combination thereof), awarded under Article&nbsp;9.</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">2.51 &ldquo;<FONT STYLE="font-size: 10pt"><U>Securities
Act</U></FONT>&rdquo; shall mean the Securities Act of 1933, as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.52 &ldquo;<FONT STYLE="font-size: 10pt"><U>Shares</U></FONT>&rdquo;
shall mean shares of Common Stock.</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">2.53 &ldquo;<FONT STYLE="font-size: 10pt"><U>Stock
Appreciation Right</U></FONT>&rdquo; shall mean a stock appreciation right granted under Article&nbsp;11.</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">2.54 &ldquo;<FONT STYLE="font-size: 10pt"><U>Stock
Appreciation Right Term</U></FONT>&rdquo; shall have the meaning set forth in Section&nbsp;11.4.</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">2.55 &ldquo;<FONT STYLE="font-size: 10pt"><U>Stock
Payment</U></FONT>&rdquo; shall mean (a)&nbsp;a payment in the form of Shares, or (b)&nbsp;an option or other right to purchase Shares,
as part of a bonus, deferred compensation or other arrangement, awarded under Section&nbsp;10.3.</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">2.56 &ldquo;<FONT STYLE="font-size: 10pt"><U>Subsidiary</U></FONT>&rdquo;
shall mean any entity (other than the Company), whether domestic or foreign, in an unbroken chain of entities beginning with the Company
if each of the entities other than the last entity in the unbroken chain beneficially owns, at the time of the determination, securities
or interests representing at least fifty percent (50%) of the total combined voting power of all classes of securities or interests in
one of the other entities in such chain.</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">2.57 &ldquo;<FONT STYLE="font-size: 10pt"><U>Substitute
Award</U></FONT>&rdquo; shall mean an Award granted under the Plan upon the assumption of, or in substitution for, outstanding equity
awards previously granted by a company or other entity in connection with a corporate transaction, such as a merger, combination, consolidation
or acquisition of property or stock; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>, <FONT STYLE="font-size: 10pt"><U>however</U></FONT>,
that in no event shall the term &ldquo;Substitute Award&rdquo; be construed to refer to an award made in connection with the cancellation
and repricing of an Option or Stock Appreciation Right.</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">2.58 &ldquo;<FONT STYLE="font-size: 10pt"><U>Termination
of Service</U></FONT>&rdquo; shall mean:</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: 1in">(a)&nbsp;As to a Consultant,
the time when the engagement of a Holder as a Consultant to the Company or an Affiliate is terminated for any reason, with or without
cause, including, without limitation, by resignation, discharge, death or retirement, but excluding terminations where the Consultant
simultaneously commences or remains in employment or service with the Company or any Affiliate.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;As to a Non-Employee
Director, the time when a Holder who is a Non-Employee Director ceases to be a Director for any reason, including, without limitation,
a termination by resignation, failure to be elected, death or retirement, but excluding terminations where the Holder simultaneously commences
or remains in employment or service with the Company or any Affiliate.</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: 1in">(c)&nbsp;As to an Employee,
the time when the employee-employer relationship between a Holder and the Company or any Affiliate is terminated for any reason, including,
without limitation, a termination by resignation, discharge, death, disability or retirement; but excluding terminations where the Holder
simultaneously commences or remains in employment or service with the Company or any Affiliate.</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">The Administrator, in its
sole discretion, shall determine the effect of all matters and questions relating to any Termination of Service, including, without limitation,
the question of whether a Termination of Service resulted from a discharge for cause and all questions of whether particular leaves of
absence constitute a Termination of Service; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>, <FONT STYLE="font-size: 10pt"><U>however</U></FONT>,
that, with respect to Incentive Stock Options, unless the Administrator otherwise provides in the terms of the Program, the Award Agreement
or otherwise, or as otherwise required by Applicable Law, a leave of absence, change in status from an employee to an independent contractor
or other change in the employee-employer relationship shall constitute a Termination of Service only if, and to the extent that, such
leave of absence, change in status or other change interrupts employment for the purposes of Section&nbsp;422(a)(2)&nbsp;of the Code and
the then-applicable regulations and revenue rulings under said Section. For purposes of the Plan, a Holder&rsquo;s employee-employer relationship
or consultancy relations shall be deemed to be terminated in the event that the Affiliate employing or contracting with such Holder ceases
to remain an Affiliate following any merger, sale of stock or other corporate transaction or event (including, without limitation, a spin-off).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;3.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SHARES SUBJECT TO THE PLAN</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">3.1 <FONT STYLE="font-size: 10pt"><U>Number
of Shares</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;Subject to adjustment as provided in Sections
3.1(b)&nbsp;and 14.2, a total of 21,033,956 Shares shall be authorized for Awards granted under the Plan, any or all of which may be delivered
upon the exercise of Incentive Stock Options.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;If any Shares subject
to an Award are forfeited or expire or an Award is settled for cash (in whole or in part) or otherwise does not result in the issuance
of all or a portion of the Shares subject to such Award.</P>

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1
</SUP></FONT>Denotes aggregate share limit over the life of the Plan since its original adoption in 2014 (including the new 9,650,000
shares approved by the Board of Directors pursuant to this Second Amended and Restated Plan). As of March 14, 2023, the date on which
the Board of Directors adopted the Second Amended and Restated Plan, the number of shares available for issuance with respect to future
awards is 12,390,548 shares (including the new 9,650,000 shares approved by the Board of Directors pursuant to this Second Amended and
Restated Plan).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;In the event that Shares
delivered (either actually or by attestation) to the Company by a Holder to satisfy any applicable tax withholding obligation with respect
to an Award, in either case, that is a Full Value Award (including Shares retained by the Company from the Award being purchased and/or
creating the tax obligation) will, as applicable, become or again be available for Award grants under the Plan. The payment of Dividend
Equivalents in cash in conjunction with any outstanding Awards shall not be counted against the Shares available for issuance under the
Plan. Effective as of the Effective Date, and notwithstanding anything to the contrary contained herein, the following Shares shall not
be added to the Shares authorized for grant under Section&nbsp;3.1(a)&nbsp;and shall not be available for future grants of Awards: (i)&nbsp;Shares
subject to a Stock Appreciation Right that are not issued in connection with the stock settlement of the Stock Appreciation Right on exercise
thereof; (ii)&nbsp;Shares purchased on the open market with the cash proceeds from the exercise of Options; and (iii)&nbsp;Shares delivered
(either by actual delivery or attestation) to the Company by a Holder to satisfy the applicable exercise price of an Option or Stock Appreciation
Right and/or to satisfy any applicable tax withholding obligation with respect to any such Award (including Shares retained by the Company
from such Award being exercised and/or creating the tax obligation). Further, notwithstanding the provisions of this Section&nbsp;3.1(b),
no Shares may again be optioned, granted or awarded if such action would cause an Incentive Stock Option to fail to qualify as an incentive
stock option under Section&nbsp;422 of the Code.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;Substitute Awards shall
not reduce the Shares authorized for grant under the Plan, except that Shares acquired by exercise of substitute Incentive Stock Options
will count against the maximum number of Shares that may be issued pursuant to the exercise of Incentive Stock Options under the Plan.
Additionally, in the event that a company acquired by the Company or any Affiliate or with which the Company or any Affiliate combines
has shares available under a pre-existing plan approved by stockholders and not adopted in contemplation of such acquisition or combination,
the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange
ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration payable
to the holders of common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall
not reduce the Shares authorized for grant under the Plan; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT> that Awards using such
available Shares shall not be made after the date awards or grants could have been made under the terms of the pre-existing plan, absent
the acquisition or combination, and shall only be made to individuals who were not employed by or providing services to the Company or
its Affiliates immediately prior to such acquisition or combination.</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">3.2 <FONT STYLE="font-size: 10pt"><U>Stock
Distributed</U></FONT>. Any Shares distributed pursuant to an Award may consist, in whole or in part, of authorized and unissued Common
Stock, treasury Common Stock or Common Stock purchased on the open market.</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">3.3 <FONT STYLE="font-size: 10pt"><U>Limitation
on Number of Shares Subject to Awards</U></FONT>. Notwithstanding any provision in the Plan to the contrary, and subject to Section&nbsp;14.2,
(a)&nbsp;the maximum aggregate number of Shares with respect to one or more Awards of Options and/or Stock Appreciation Rights that may
be granted to any one person during any calendar year shall be 2,000,000 Shares, (b)&nbsp;the maximum aggregate number of Shares with
respect to one or more Awards (other than Options and Stock Appreciation Rights) that are denominated in Shares that may be granted to
any one person during any calendar year shall be 2,000,000 Shares, (c)&nbsp;the maximum aggregate amount of cash that may be paid in cash
to any one person during any calendar year with respect to one or more Awards that are denominated in cash shall be $10,000,000. In addition,
notwithstanding any provision in the Plan to the contrary, the sum of any cash compensation and the grant date fair value (as determined
on the date of grant) of all Awards granted to any one Non-Employee Director during any calendar year shall not exceed $600,000 (the &ldquo;<FONT STYLE="font-size: 10pt"><U>Director
Limit</U></FONT>&rdquo;).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;4.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>GRANTING OF AWARDS</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">4.1 <FONT STYLE="font-size: 10pt"><U>Participation</U></FONT>.
The Administrator may, from time to time, select from among all Eligible Individuals, those to whom an Award shall be granted and shall
determine the nature and amount of each Award, which shall not be inconsistent with the requirements of the Plan. Except as provided in
Section&nbsp;4.6 regarding the grant of Awards pursuant to the Non-Employee Director Equity Compensation Policy, no Eligible Individual
shall have any right to be granted an Award pursuant to the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.2 <FONT STYLE="font-size: 10pt"><U>Award
Agreement</U></FONT>. Each Award shall be evidenced by an Award Agreement that sets forth the terms, conditions and limitations for such
Award, which may include the term of the Award, the provisions applicable in the event of the Holder&rsquo;s Termination of Service, and
the Company&rsquo;s authority to unilaterally or bilaterally amend, modify, suspend, cancel or rescind an Award. Award Agreements evidencing
Incentive Stock Options shall contain such terms and conditions as may be necessary to meet the applicable provisions of Section&nbsp;422
of the Code.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.3 <FONT STYLE="font-size: 10pt"><U>Limitations
Applicable to Section&nbsp;16 Persons</U></FONT>. Notwithstanding any other provision of the Plan, the Plan, and any Award granted or
awarded to any individual who is then subject to Section&nbsp;16 of the Exchange Act, shall be subject to any additional limitations set
forth in any applicable exemptive rule&nbsp;under Section&nbsp;16 of the Exchange Act (including Rule&nbsp;16b-3 of the Exchange Act and
any amendments thereto) that are requirements for the application of such exemptive rule. To the extent permitted by Applicable Law, the
Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such applicable exemptive rule.</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">4.4 <FONT STYLE="font-size: 10pt"><U>At-Will
Employment; Voluntary Participation</U></FONT>. Nothing in the Plan or in any Program or Award Agreement hereunder shall confer upon any
Holder any right to continue in the employ of, or as a Director or Consultant for, the Company or any Affiliate, or shall interfere with
or restrict in any way the rights of the Company and any Affiliate, which rights are hereby expressly reserved, to discharge any Holder
at any time for any reason whatsoever, with or without cause, and with or without notice, or to terminate or change all other terms and
conditions of employment or engagement, except to the extent expressly provided otherwise in a written agreement between the Holder and
the Company or any Affiliate. Participation by each Holder in the Plan shall be voluntary and nothing in the Plan shall be construed as
mandating that any Eligible Individual shall participate in the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.5 <FONT STYLE="font-size: 10pt"><U>Foreign
Holders</U></FONT>. Notwithstanding any provision of the Plan to the contrary, in order to comply with the laws in countries other than
the United States in which the Company and its Affiliates may operate or have Employees, Non-Employee Directors or Consultants, or in
order to comply with the requirements of any foreign securities exchange, the Administrator, in its sole discretion, shall have the power
and authority to: (a)&nbsp;determine which Affiliates shall be covered by the Plan; (b)&nbsp;determine which Eligible Individuals outside
the United States are eligible to participate in the Plan; (c)&nbsp;modify the terms and conditions of any Award granted to Eligible Individuals
outside the United States to comply with applicable foreign laws or listing requirements of any such foreign securities exchange; (d)&nbsp;establish
subplans and modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable (any
such subplans and/or modifications shall be attached to the Plan as appendices); <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>,
<FONT STYLE="font-size: 10pt"><U>however</U></FONT>, that no such subplans and/or modifications shall increase the share limitations contained
in Sections 3.1 and 3.3; and (e)&nbsp;take any action, before or after an Award is made, that it deems advisable to obtain approval or
comply with any necessary local governmental regulatory exemptions or approvals or listing requirements of any such foreign securities
exchange. Notwithstanding the foregoing, the Administrator may not take any actions hereunder, and no Awards shall be granted, that would
violate Applicable Law. For purposes of the Plan, all references to foreign laws, rules, regulations or taxes shall be references to the
laws, rules, regulations and taxes of any applicable jurisdiction other than the United States or a political subdivision thereof.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.6 <FONT STYLE="font-size: 10pt"><U>Non-Employee
Director Awards</U></FONT>. The Administrator, in its sole discretion, may provide that Awards granted to Non-Employee Directors shall
be granted pursuant to a written nondiscretionary formula established by the Administrator (the &ldquo;<FONT STYLE="font-size: 10pt"><U>Non-Employee
Director Equity Compensation Policy</U></FONT>&rdquo;), subject to the limitations of the Plan. The Non-Employee Director Equity Compensation
Policy shall set forth the type of Award(s)&nbsp;to be granted to Non-Employee Directors, the number of Shares to be subject to Non-Employee
Director Awards, the conditions on which such Awards shall be granted, become exercisable and/or payable and expire, and such other terms
and conditions as the Administrator shall determine in its sole discretion. The Non-Employee Director Equity Compensation Policy may be
modified by the Administrator from time to time in its sole discretion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.7 <FONT STYLE="font-size: 10pt"><U>Stand-Alone
and Tandem Awards</U></FONT>. Awards granted pursuant to the Plan may, in the sole discretion of the Administrator, be granted either
alone, in addition to, or in tandem with, any other Award granted pursuant to the Plan. Awards granted in addition to or in tandem with
other Awards may be granted either at the same time as or at a different time from the grant of such other Awards.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;5.</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;6.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>GRANTING OF OPTIONS</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">6.1 <FONT STYLE="font-size: 10pt"><U>Granting
of Options to Eligible Individuals</U></FONT>. The Administrator is authorized to grant Options to Eligible Individuals from time to time,
in its sole discretion, on such terms and conditions as it may determine, which shall not be inconsistent with the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.2 <FONT STYLE="font-size: 10pt"><U>Qualification
of Incentive Stock Options</U></FONT>. No Incentive Stock Option shall be granted to any person who is not an Employee of the Company
or any subsidiary corporation (as defined in Section&nbsp;424(f)&nbsp;of the Code) of the Company. No person who qualifies as a Greater
Than 10% Stockholder may be granted an Incentive Stock Option unless such Incentive Stock Option conforms to the applicable provisions
of Section&nbsp;422 of the Code. Any Incentive Stock Option granted under the Plan may be modified by the Administrator, with the consent
of the Holder, to disqualify such Option from treatment as an &ldquo;incentive stock option&rdquo; under Section&nbsp;422 of the Code.
To the extent that the aggregate Fair Market Value of stock with respect to which &ldquo;incentive stock options&rdquo; (within the meaning
of Section&nbsp;422 of the Code, but without regard to Section&nbsp;422(d)&nbsp;of the Code) are exercisable for the first time by a Holder
during any calendar year under the Plan, and all other plans of the Company and any parent or subsidiary corporation thereof (each as
defined in Section&nbsp;424(e)&nbsp;and 424(f)&nbsp;of the Code, respectively), exceeds $100,000, the Options shall be treated as Non-Qualified
Stock Options to the extent required by Section&nbsp;422 of the Code. The rule&nbsp;set forth in the immediately preceding sentence shall
be applied by taking Options and other &ldquo;incentive stock options&rdquo; into account in the order in which they were granted and
the Fair Market Value of stock shall be determined as of the time the respective options were granted.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.3 <FONT STYLE="font-size: 10pt"><U>Option
Exercise Price</U></FONT>. The exercise price per Share subject to each Option shall be set by the Administrator, but shall not be less
than 100% of the Fair Market Value of a Share on the date the Option is granted (or, as to Incentive Stock Options, on the date the Option
is modified, extended or renewed for purposes of Section&nbsp;424(h)&nbsp;of the Code). In addition, in the case of Incentive Stock Options
granted to a Greater Than 10% Stockholder, such price shall not be less than 110% of the Fair Market Value of a Share on the date the
Option is granted (or the date the Option is modified, extended or renewed for purposes of Section&nbsp;424(h)&nbsp;of the Code).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.4 <FONT STYLE="font-size: 10pt"><U>Option
Term</U></FONT>. The term of each Option (the &ldquo;<FONT STYLE="font-size: 10pt"><U>Option Term</U></FONT>&rdquo;) shall be set by the
Administrator in its sole discretion; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>, <FONT STYLE="font-size: 10pt"><U>however</U></FONT>,
that the Option Term shall not be more than ten (10)&nbsp;years from the date the Option is granted, or five (5)&nbsp;years from the date
an Incentive Stock Option is granted to a Greater Than 10% Stockholder. The Administrator shall determine the time period, including the
time period following a Termination of Service, during which the Holder has the right to exercise the vested Options, which time period
may not extend beyond the last day of the Option Term. Except as limited by the requirements of Section&nbsp;409A or Section&nbsp;422
of the Code and regulations and rulings thereunder and the first sentence of this Section&nbsp;6.4, the Administrator may extend the Option
Term of any outstanding Option, and may extend the time period during which vested Options may be exercised, in connection with any Termination
of Service of the Holder, and may amend, subject to Section&nbsp;14.1, any other term or condition of such Option relating to such a Termination
of Service.</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">6.5 <FONT STYLE="font-size: 10pt"><U>Option
Vesting</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;The period during which
the right to exercise, in whole or in part, an Option vests in the Holder shall be set by the Administrator and the Administrator may
determine that an Option may not be exercised in whole or in part for a specified period after it is granted. Such vesting may be based
on service with the Company or any Affiliate, any of the Performance Criteria, or any other criteria selected by the Administrator, and,
except as limited by the Plan, at any time after the grant of an Option, the Administrator, in its sole discretion and subject to whatever
terms and conditions it selects, may accelerate the period during which an Option vests.</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: 1in">(b)&nbsp;No portion of an Option
which is unexercisable at a Holder&rsquo;s Termination of Service shall thereafter become exercisable, except as may be otherwise provided
by the Administrator either in the applicable Program, the Award Agreement evidencing the grant of an Option, or by action of the Administrator
following the grant of the Option. Unless otherwise determined by the Administrator in the Award Agreement or by action of the Administrator
following the grant of the Option, the portion of an Option that is unexercisable at a Holder&rsquo;s Termination of Service shall automatically
expire thirty (30) days following such Termination of Service.</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">6.6 <FONT STYLE="font-size: 10pt"><U>Substitute
Awards</U></FONT>. Notwithstanding the foregoing provisions of this Article&nbsp;6 to the contrary, in the case of an Option that is a
Substitute Award, the price per share of the Shares subject to such Option may be less than the Fair Market Value per share on the date
of grant; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT> that the excess of: (a)&nbsp;the aggregate Fair Market Value (as of the
date such Substitute Award is granted) of the Shares subject to the Substitute Award, over (b)&nbsp;the aggregate exercise price thereof
does not exceed the excess of: (x)&nbsp;the aggregate fair market value (as of the time immediately preceding the transaction giving rise
to the Substitute Award, such fair market value to be determined by the Administrator) of the shares of the predecessor entity that were
subject to the grant assumed or substituted for by the Company, over (y)&nbsp;the aggregate exercise price of such shares.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;7.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXERCISE OF OPTIONS</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">7.1 <FONT STYLE="font-size: 10pt"><U>Partial
Exercise</U></FONT>. An exercisable Option may be exercised in whole or in part. However, an Option shall not be exercisable with respect
to fractional Shares and the Administrator may require that, by the terms of the Option, a partial exercise must be with respect to a
minimum number of Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.2 <FONT STYLE="font-size: 10pt"><U>Manner
of Exercise</U></FONT>. All or a portion of an exercisable Option shall be deemed exercised upon delivery of all of the following to the
Secretary of the Company, the stock administrator of the Company or such other person or entity designated by the Administrator, or his,
her or its office, as applicable:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;A written or electronic
notice complying with the applicable rules&nbsp;established by the Administrator stating that the Option, or a portion thereof, is exercised.
The notice shall be signed by the Holder or other person then entitled to exercise the Option or such portion of the Option;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;Such representations
and documents as the Administrator, in its sole discretion, deems necessary or advisable to effect compliance with Applicable Law. The
Administrator, in its sole discretion, may also take whatever additional actions it deems appropriate to effect such compliance including,
without limitation, placing legends on share certificates and issuing stop-transfer notices to agents and registrars;</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: 1in">(c)&nbsp;In the event that the
Option shall be exercised pursuant to Section&nbsp;12.3 by any person or persons other than the Holder, appropriate proof of the right
of such person or persons to exercise the Option, as determined in the sole discretion of the Administrator; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;Full payment of the
exercise price and applicable withholding taxes to the stock administrator of the Company for the Shares with respect to which the Option,
or portion thereof, is exercised, in a manner permitted by Sections 12.1 and 12.2.</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">7.3 <FONT STYLE="font-size: 10pt"><U>Notification
Regarding Disposition</U></FONT>. The Holder shall give the Company prompt written or electronic notice of any disposition of Shares acquired
by exercise of an Incentive Stock Option which occurs within (a)&nbsp;two years from the date of granting (including the date the Option
is modified, extended or renewed for purposes of Section&nbsp;424(h)&nbsp;of the Code) such Option to such Holder, or (b)&nbsp;one year
after the transfer of such Shares to such Holder.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;8.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AWARD OF RESTRICTED STOCK</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">8.1 <FONT STYLE="font-size: 10pt"><U>Award
of Restricted Stock</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;The Administrator is
authorized to grant Restricted Stock to Eligible Individuals, and shall determine the terms and conditions, including the restrictions
applicable to each award of Restricted Stock, which terms and conditions shall not be inconsistent with the Plan, and may impose such
conditions on the issuance of such Restricted Stock as it deems appropriate.</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: 1in">(b)&nbsp;The Administrator shall
establish the purchase price, if any, and form of payment for Restricted Stock; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>,
<FONT STYLE="font-size: 10pt"><U>however</U></FONT>, that if a purchase price is charged, such purchase price shall be no less than the
par value, if any, of the Shares to be purchased, unless otherwise permitted by Applicable Law. In all cases, legal consideration shall
be required for each issuance of Restricted Stock.</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">8.2 <FONT STYLE="font-size: 10pt"><U>Rights
as Stockholders</U></FONT>. Subject to Section&nbsp;8.4, upon issuance of Restricted Stock, the Holder shall have, unless otherwise provided
by the Administrator, all the rights of a stockholder with respect to said Shares, subject to the restrictions in the applicable Program
or in each individual Award Agreement, including the right to receive all dividends and other distributions paid or made with respect
to the Shares; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>, <FONT STYLE="font-size: 10pt"><U>however</U></FONT>, that, in the
sole discretion of the Administrator, any extraordinary distributions with respect to the Shares shall be subject to the restrictions
set forth in Section&nbsp;8.3. In addition, with respect to a share of Restricted Stock with performance-based vesting, dividends which
are paid to other stockholders prior to vesting shall only be paid out to the Holder to the extent that the performance-based vesting
conditions are subsequently satisfied and if/when the share of Restricted Stock vests.</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">8.3 <FONT STYLE="font-size: 10pt"><U>Restrictions</U></FONT>.
All shares of Restricted Stock (including any shares received by Holders thereof with respect to shares of Restricted Stock as a result
of stock dividends, stock splits or any other form of recapitalization) shall, in the terms of the applicable Program or in each individual
Award Agreement, be subject to such restrictions and vesting requirements as the Administrator shall provide. Such restrictions may include,
without limitation, restrictions concerning voting rights and transferability and such restrictions may lapse separately or in combination
at such times and pursuant to such circumstances or based on such criteria as selected by the Administrator, including, without limitation,
criteria based on the Holder&rsquo;s duration of employment, directorship or consultancy with the Company, the Performance Criteria, Company
performance, individual performance or other criteria selected by the Administrator. By action taken after the Restricted Stock is issued,
the Administrator may, on such terms and conditions as it may determine to be appropriate, accelerate the vesting of such Restricted Stock
by removing any or all of the restrictions imposed by the terms of the applicable Program or Award Agreement. Restricted Stock may not
be sold or encumbered until all restrictions are terminated or expire.</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">8.4 <FONT STYLE="font-size: 10pt"><U>Repurchase
or Forfeiture of Restricted Stock</U></FONT>. Except as otherwise determined by the Administrator at the time of the grant of the Award
or thereafter, if no price was paid by the Holder for the Restricted Stock, upon a Termination of Service during the applicable restriction
period, the Holder&rsquo;s rights in unvested Restricted Stock then subject to restrictions shall lapse, and such Restricted Stock shall
be surrendered to the Company and cancelled without consideration. If a price was paid by the Holder for the Restricted Stock, upon a
Termination of Service during the applicable restriction period, the Company shall have the right to repurchase from the Holder the unvested
Restricted Stock then subject to restrictions at a cash price per share equal to the price paid by the Holder for such Restricted Stock
or such other amount as may be specified in the applicable Program or Award Agreement. Notwithstanding the foregoing, the Administrator,
in its sole discretion, may provide that upon certain events, including a Change in Control, the Holder&rsquo;s death, retirement or disability
or any other specified Termination of Service or any other event, the Holder&rsquo;s rights in unvested Restricted Stock shall not lapse,
such Restricted Stock shall vest and, if applicable, the Company shall not have a right of repurchase.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.5 <FONT STYLE="font-size: 10pt"><U>Certificates
for Restricted Stock</U></FONT>. Restricted Stock granted pursuant to the Plan may be evidenced in such manner as the Administrator shall
determine. Certificates or book entries evidencing shares of Restricted Stock shall include an appropriate legend referring to the terms,
conditions, and restrictions applicable to such Restricted Stock. The Company, in its sole discretion, may (a)&nbsp;retain physical possession
of any stock certificate evidencing shares of Restricted Stock until the restrictions thereon shall have lapsed and/or (b)&nbsp;require
that the stock certificates evidencing shares of Restricted Stock be held in custody by a designated escrow agent (which may but need
not be the Company) until the restrictions thereon shall have lapsed, and that the Holder deliver a stock power, endorsed in blank, relating
to such Restricted Stock.</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">8.6 <FONT STYLE="font-size: 10pt"><U>Section&nbsp;83(b)&nbsp;Election</U></FONT>.
If a Holder makes an election under Section&nbsp;83(b)&nbsp;of the Code to be taxed with respect to the Restricted Stock as of the date
of transfer of the Restricted Stock rather than as of the date or dates upon which the Holder would otherwise be taxable under Section&nbsp;83(a)&nbsp;of
the Code, the Holder shall be required to deliver a copy of such election to the Company promptly after filing such election with the
Internal Revenue Service along with proof of the timely filing thereof with the Internal Revenue Service.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;9.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AWARD OF RESTRICTED STOCK UNITS</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">9.1 <FONT STYLE="font-size: 10pt"><U>Grant
of Restricted Stock Units</U></FONT>. The Administrator is authorized to grant Awards of Restricted Stock Units to any Eligible Individual
selected by the Administrator in such amounts and subject to such terms and conditions as determined by the Administrator.</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">9.2 <FONT STYLE="font-size: 10pt"><U>Term</U></FONT>.
Except as otherwise provided herein, the term of a Restricted Stock Unit award shall be set by the Administrator in its sole discretion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.3 <FONT STYLE="font-size: 10pt"><U>Purchase
Price</U></FONT>. The Administrator shall specify the purchase price, if any, to be paid by the Holder to the Company with respect to
any Restricted Stock Unit award; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>, <FONT STYLE="font-size: 10pt"><U>however</U></FONT>,
that value of the consideration shall not be less than the par value of a Share, unless otherwise permitted by Applicable Law.</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">9.4 <FONT STYLE="font-size: 10pt"><U>Vesting
of Restricted Stock Units</U></FONT>. At the time of grant, the Administrator shall specify the date or dates on which the Restricted
Stock Units shall become fully vested and nonforfeitable, and may specify such conditions to vesting as it deems appropriate, including,
without limitation, vesting based upon the Holder&rsquo;s duration of service to the Company or any Affiliate, one or more Performance
Criteria, Company performance, individual performance or other specific criteria, in each case on a specified date or dates or over any
period or periods, as determined by the Administrator.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.5 <FONT STYLE="font-size: 10pt"><U>Maturity
and Payment</U></FONT>. At the time of grant, the Administrator shall specify the maturity date applicable to each grant of Restricted
Stock Units, which shall be no earlier than the vesting date or dates of the Award and may be determined at the election of the Holder
(if permitted by the applicable Award Agreement); <FONT STYLE="font-size: 10pt"><U>provided</U></FONT> that, except as otherwise determined
by the Administrator, set forth in any applicable Award Agreement, and subject to compliance with Section&nbsp;409A of the Code, in no
event shall the maturity date relating to each Restricted Stock Unit occur following the later of (a)&nbsp;the 15<SUP>th</SUP> day of
the third month following the end of calendar year in which the applicable portion of the Restricted Stock Unit vests; or (b)&nbsp;the
15<SUP>th</SUP> day of the third month following the end of the Company&rsquo;s fiscal year in which the applicable portion of the Restricted
Stock Unit vests. On the maturity date, the Company shall, subject to Section&nbsp;12.4(e), transfer to the Holder one unrestricted, fully
transferable Share for each Restricted Stock Unit scheduled to be paid out on such date and not previously forfeited, or in the sole discretion
of the Administrator, an amount in cash equal to the Fair Market Value of such Shares on the maturity date or a combination of cash and
Common Stock as determined by the Administrator.</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">9.6 <FONT STYLE="font-size: 10pt"><U>Payment
upon Termination of Service</U></FONT>. An Award of Restricted Stock Units shall only be payable while the Holder is an Employee, a Consultant
or a member of the Board, as applicable; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>, <FONT STYLE="font-size: 10pt"><U>however</U></FONT>,
that the Administrator, in its sole discretion, may provide (in an Award Agreement or otherwise) that a Restricted Stock Unit award may
be paid subsequent to a Termination of Service in certain events, including a Change in Control, the Holder&rsquo;s death, retirement
or disability or any other specified Termination of Service.</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">9.7 <FONT STYLE="font-size: 10pt"><U>No
Rights as a Stockholder</U></FONT>. Unless otherwise determined by the Administrator, a Holder of Restricted Stock Units shall possess
no incidents of ownership with respect to the Shares represented by such Restricted Stock Units, unless and until such Shares are transferred
to the Holder pursuant to the terms of this Plan and the Award Agreement.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AWARD OF PERFORMANCE AWARDS, DIVIDEND EQUIVALENTS,
STOCK</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PAYMENTS, DEFERRED STOCK UNITS</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">10.1 <FONT STYLE="font-size: 10pt"><U>Performance
Awards</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;The Administrator is
authorized to grant Performance Awards, including Awards of Performance Stock Units, to any Eligible Individual. The value of Performance
Awards, including Performance Stock Units, may be linked to any one or more of the Performance Criteria or other specific criteria determined
by the Administrator, in each case on a specified date or dates or over any period or periods and in such amounts as may be determined
by the Administrator. Performance Awards, including Performance Stock Unit awards may be paid in cash, Shares, or a combination of cash
and Shares, as determined by the Administrator.</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: 1in">(b)&nbsp;Without limiting Section&nbsp;10.1(a),
the Administrator may grant Performance Awards to any Eligible Individual in the form of a cash bonus payable upon the attainment of objective
Performance Goals, or such other criteria, whether or not objective, which are established by the Administrator, in each case on a specified
date or dates or over any period or periods determined by the Administrator.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.2 <FONT STYLE="font-size: 10pt"><U>Dividend
Equivalents</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;Dividend Equivalents
may be granted by the Administrator based on dividends declared on the Common Stock, to be credited as of dividend payment dates with
respect to dividends with record dates that occur during the period between the date an Award is granted to a Holder and the date such
Award vests, is exercised, is distributed or expires, as determined by the Administrator. Such Dividend Equivalents shall be converted
to cash or additional Shares by such formula and at such time and subject to such restrictions and limitations as may be determined by
the Administrator. In addition, Dividend Equivalents with respect to an Award with performance-based vesting that are based on dividends
paid to other stockholders prior to the vesting of such Award shall only be paid out to the Holder to the extent that the performance-based
vesting conditions are subsequently satisfied and if/when the Award vests.</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: 1in">(b)&nbsp;Notwithstanding the
foregoing, no Dividend Equivalents shall be payable with respect to Options or Stock Appreciation Rights.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.3 <FONT STYLE="font-size: 10pt"><U>Stock
Payments</U></FONT>. The Administrator is authorized to make Stock Payments to any Eligible Individual. The number or value of Shares
of any Stock Payment shall be determined by the Administrator and may be based upon one or more Performance Criteria or any other specific
criteria, including service to the Company or any Affiliate, determined by the Administrator. Shares underlying a Stock Payment which
is subject to a vesting schedule or other conditions or criteria set by the Administrator shall not be issued until those conditions have
been satisfied. Unless otherwise provided by the Administrator, a Holder of a Stock Payment shall have no rights as a Company stockholder
with respect to such Stock Payment until such time as the Stock Payment has vested and the Shares underlying the Award have been issued
to the Holder. Stock Payments may, but are not required to, be made in lieu of base salary, bonus, fees or other cash compensation otherwise
payable to such Eligible Individual.</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">10.4 <FONT STYLE="font-size: 10pt"><U>Deferred
Stock Units</U></FONT>. The Administrator is authorized to grant Deferred Stock Units to any Eligible Individual. The number of Deferred
Stock Units shall be determined by the Administrator and may (but is not required to) be based on one or more Performance Criteria or
other specific criteria, including service to the Company or any Affiliate, as the Administrator determines, in each case on a specified
date or dates or over any period or periods determined by the Administrator. Each Deferred Stock Unit shall entitle the Holder thereof
to receive one Share on the date the Deferred Stock Unit becomes vested or upon a specified settlement date thereafter (which settlement
date may (but is not required to) be the date of the Holder&rsquo;s Termination of Service). Shares underlying a Deferred Stock Unit award
which is subject to a vesting schedule or other conditions or criteria set by the Administrator shall not be issued until on or following
the date that those conditions and criteria have been satisfied. Unless otherwise provided by the Administrator, a Holder of Deferred
Stock Units shall have no rights as a Company stockholder with respect to such Deferred Stock Units until such time as the Award has vested
and any other applicable conditions and/or criteria have been satisfied and the Shares underlying the Award have been issued to the Holder.</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">10.5 <FONT STYLE="font-size: 10pt"><U>Term</U></FONT>.
The term of a Performance Award, Dividend Equivalent award, Stock Payment award, and/or Deferred Stock Unit award shall be established
by the Administrator in its sole discretion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.6 <FONT STYLE="font-size: 10pt"><U>Purchase
Price</U></FONT>. The Administrator may establish the purchase price of a Performance Award, Shares distributed as a Stock Payment award,
Shares distributed pursuant to a Deferred Stock Unit award; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>, <FONT STYLE="font-size: 10pt"><U>however</U></FONT>,
that value of the consideration shall not be less than the par value of a Share, unless otherwise permitted by Applicable Law.</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">10.7 <FONT STYLE="font-size: 10pt"><U>Termination
of Service</U></FONT>. A Performance Award, Stock Payment award, Dividend Equivalent award, and/or Deferred Stock Unit award is distributable
only while the Holder is an Employee, Director or Consultant, as applicable. The Administrator, however, in its sole discretion, may provide
that the Performance Award, Dividend Equivalent award, Stock Payment award, and/or Deferred Stock Unit award may be distributed subsequent
to a Termination of Service in certain events, including a Change in Control, the Holder&rsquo;s death, retirement or disability or any
other specified Termination of Service.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;11.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AWARD OF STOCK APPRECIATION RIGHTS</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">11.1 <FONT STYLE="font-size: 10pt"><U>Grant
of Stock Appreciation Rights</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;The Administrator is
authorized to grant Stock Appreciation Rights to Eligible Individuals from time to time, in its sole discretion, on such terms and conditions
as it may determine, which shall not be inconsistent with the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;A Stock Appreciation
Right shall entitle the Holder (or other person entitled to exercise the Stock Appreciation Right pursuant to the Plan) to exercise all
or a specified portion of the Stock Appreciation Right (to the extent then exercisable pursuant to its terms) and to receive from the
Company an amount determined by multiplying the difference obtained by subtracting the exercise price per share of the Stock Appreciation
Right from the Fair Market Value on the date of exercise of the Stock Appreciation Right by the number of Shares with respect to which
the Stock Appreciation Right shall have been exercised, subject to any limitations the Administrator may impose. Except as described in
(c)&nbsp;below, the exercise price per Share subject to each Stock Appreciation Right shall be set by the Administrator, but shall not
be less than 100% of the Fair Market Value on the date the Stock Appreciation Right is granted.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;Notwithstanding the
foregoing provisions of Section&nbsp;11.1(b)&nbsp;to the contrary, in the case of a Stock Appreciation Right that is a Substitute Award,
the price per share of the Shares subject to such Stock Appreciation Right may be less than 100% of the Fair Market Value per share on
the date of grant; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT> that the excess of: (i)&nbsp;the aggregate Fair Market Value (as
of the date such Substitute Award is granted) of the Shares subject to the Substitute Award, over (ii)&nbsp;the aggregate exercise price
thereof does not exceed the excess of: (x)&nbsp;the aggregate fair market value (as of the time immediately preceding the transaction
giving rise to the Substitute Award, such fair market value to be determined by the Administrator) of the shares of the predecessor entity
that were subject to the grant assumed or substituted for by the Company, over (y)&nbsp;the aggregate exercise price of such shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11.2 <FONT STYLE="font-size: 10pt"><U>Stock
Appreciation Right Vesting</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;The period during which
the right to exercise, in whole or in part, a Stock Appreciation Right vests in the Holder shall be set by the Administrator and the Administrator
may determine that a Stock Appreciation Right may not be exercised in whole or in part for a specified period after it is granted. Such
vesting may be based on service with the Company or any Affiliate, any of the Performance Criteria, or any other criteria selected by
the Administrator. Except as limited by the Plan, at any time after grant of a Stock Appreciation Right, the Administrator, in its sole
discretion and subject to whatever terms and conditions it selects, may accelerate the period during which a Stock Appreciation Right
vests.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;No portion of a Stock
Appreciation Right which is unexercisable at a Holder&rsquo;s Termination of Service shall thereafter become exercisable, except as may
be otherwise provided by the Administrator in the applicable Program, the Award Agreement evidencing the grant of a Stock Appreciation
Right, or by action of the Administrator following the grant of the Stock Appreciation Right.</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">11.3 <FONT STYLE="font-size: 10pt"><U>Manner
of Exercise</U></FONT>. All or a portion of an exercisable Stock Appreciation Right shall be deemed exercised upon delivery of all of
the following to the Secretary of the Company, the stock administrator of the Company, or such other person or entity designated by the
Administrator, or his, her or its office, as applicable:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;A written or electronic
notice complying with the applicable rules&nbsp;established by the Administrator stating that the Stock Appreciation Right, or a portion
thereof, is exercised. The notice shall be signed by the Holder or other person then entitled to exercise the Stock Appreciation Right
or such portion of the Stock Appreciation Right;</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: 1in">(b)&nbsp;Such representations
and documents as the Administrator, in its sole discretion, deems necessary or advisable to effect compliance with Applicable Law. The
Administrator, in its sole discretion, may also take whatever additional actions it deems appropriate to effect such compliance, including,
without limitation, placing legends on share certificates and issuing stop-transfer notices to agents and registrars;</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: 1in">(c)&nbsp;In the event that the
Stock Appreciation Right shall be exercised pursuant to this Section&nbsp;11.3 by any person or persons other than the Holder, appropriate
proof of the right of such person or persons to exercise the Stock Appreciation Right, as determined in the sole discretion of the Administrator;
and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;Full payment of the
exercise price and applicable withholding taxes to the stock administrator of the Company for the Shares with respect to which the Stock
Appreciation Right, or portion thereof, is exercised, in a manner permitted by Sections 12.1 and 12.2.</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">11.4 <FONT STYLE="font-size: 10pt"><U>Stock
Appreciation Right Term</U></FONT>. The term of each Stock Appreciation Right (the &ldquo;<FONT STYLE="font-size: 10pt"><U>Stock Appreciation
Right Term</U></FONT>&rdquo;) shall be set by the Administrator in its sole discretion; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>,
<FONT STYLE="font-size: 10pt"><U>however</U></FONT>, that the Stock Appreciation Right Term shall not be more than ten (10)&nbsp;years
from the date the Stock Appreciation Right is granted. The Administrator shall determine the time period, including the time period following
a Termination of Service, during which the Holder has the right to exercise the vested Stock Appreciation Rights, which time period may
not extend beyond the last day of the Stock Appreciation Right Term applicable to such Stock Appreciation Right. Except as limited by
the requirements of Section&nbsp;409A of the Code and regulations and rulings thereunder and the first sentence of this Section&nbsp;11.4,
the Administrator may extend the Stock Appreciation Right Term of any outstanding Stock Appreciation Right, and may extend the time period
during which vested Stock Appreciation Rights may be exercised, in connection with any Termination of Service of the Holder, and may amend,
subject to Section&nbsp;14.1, any other term or condition of such Stock Appreciation Right relating to such a Termination of Service.</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">11.5 <FONT STYLE="font-size: 10pt"><U>Payment</U></FONT>.
Payment of the amounts payable with respect to Stock Appreciation Rights pursuant to this Article&nbsp;11 shall be in cash, Shares (based
on its Fair Market Value as of the date the Stock Appreciation Right is exercised), or a combination of both, as determined by the Administrator.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;12.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ADDITIONAL TERMS OF AWARDS</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">12.1 <FONT STYLE="font-size: 10pt"><U>Payment</U></FONT>.
The Administrator shall determine the methods by which payments by any Holder with respect to any Awards granted under the Plan shall
be made, including, without limitation: (a)&nbsp;cash or check, (b)&nbsp;Shares (including, in the case of payment of the exercise price
of an Award, Shares issuable pursuant to the exercise of the Award) or Shares held for such period of time as may be required by the Administrator
in order to avoid adverse accounting consequences, in each case, having a Fair Market Value on the date of delivery equal to the aggregate
payments required, (c)&nbsp;delivery of a written or electronic notice that the Holder has placed a market sell order with a broker acceptable
to the Company with respect to Shares then issuable upon exercise or vesting of an Award, and that the broker has been directed to pay
a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the aggregate payments required; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>
that payment of such proceeds is then made to the Company upon settlement of such sale, or (d)&nbsp;other form of legal consideration
acceptable to the Administrator in its sole discretion. The Administrator shall also determine the methods by which Shares shall be delivered
or deemed to be delivered to Holders. Notwithstanding any other provision of the Plan to the contrary, no Holder who is a Director or
an &ldquo;executive officer&rdquo; of the Company within the meaning of Section&nbsp;13(k)&nbsp;of the Exchange Act shall be permitted
to make payment with respect to any Awards granted under the Plan, or continue any extension of credit with respect to such payment, with
a loan from the Company or a loan arranged by the Company in violation of Section&nbsp;13(k)&nbsp;of the Exchange Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.2 <FONT STYLE="font-size: 10pt"><U>Tax
Withholding</U></FONT>. The Company or any Affiliate shall have the authority and the right to deduct or withhold, or require a Holder
to remit to the Company, an amount sufficient to satisfy federal, state, local and foreign taxes (including the Holder&rsquo;s FICA, employment
tax or other social security contribution obligation) required by law to be withheld with respect to any taxable event concerning a Holder
arising as a result of the Plan. The Administrator, in its sole discretion and in satisfaction of the foregoing requirement or in satisfaction
of any additional tax withholding, cause the Company to, or allow a Holder to elect to have the Company withhold Shares otherwise issuable
under an Award (or allow the surrender of Shares). The number of Shares which may be so withheld or surrendered shall be limited to the
number of Shares which have a fair market value on the date of withholding or repurchase no greater than the aggregate amount of such
liabilities based on the maximum individual statutory withholding rates for the applicable jurisdictions. The Administrator shall determine
the fair market value of the Shares, consistent with applicable provisions of the Code, for tax withholding obligations due in connection
with a broker-assisted cashless Option or Stock Appreciation Right exercise involving the sale of Shares to pay the Option or Stock Appreciation
Right exercise price or any tax withholding obligation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.3 <FONT STYLE="font-size: 10pt"><U>Transferability
of Awards</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;Except as otherwise
provided in Section&nbsp;12.3(b)&nbsp;and 12.3(c):</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: 1.5in">(i)&nbsp;No Award under the
Plan may be sold, pledged, assigned or transferred in any manner other than by will or the laws of descent and distribution or, subject
to the consent of the Administrator, pursuant to a DRO, unless and until such Award has been exercised, or the Shares underlying such
Award have been issued, and all restrictions applicable to such Shares have lapsed;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;No Award or interest
or right therein shall be liable for the debts, contracts or engagements of the Holder or the Holder&rsquo;s successors in interest or
shall be subject to disposition by transfer, alienation, anticipation, pledge, hypothecation, encumbrance, assignment or any other means
whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal
or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect, except
to the extent that such disposition is permitted by Section&nbsp;12.3(a)(i); and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;During the lifetime
of the Holder, only the Holder may exercise an Award (or any portion thereof) granted to such Holder under the Plan, unless it has been
disposed of pursuant to a DRO; after the death of the Holder, any exercisable portion of an Award may, prior to the time when such portion
becomes unexercisable under the Plan or the applicable Program or Award Agreement, be exercised by the Holder&rsquo;s personal representative
or by any person empowered to do so under the deceased Holder&rsquo;s will or under the then-applicable laws of descent and distribution.</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: 1in">(b)&nbsp;Notwithstanding Section&nbsp;12.3(a),
the Administrator, in its sole discretion, may determine to permit a Holder to transfer an Award other than an Incentive Stock Option
to any one or more Permitted Transferees, subject to the following terms and conditions: (i)&nbsp;an Award transferred to a Permitted
Transferee shall not be assignable or transferable by the Permitted Transferee other than by will or the laws of descent and distribution
or pursuant to a DRO; (ii)&nbsp;an Award transferred to a Permitted Transferee shall continue to be subject to all the terms and conditions
of the Award as applicable to the original Holder (other than the ability to further transfer the Award); (iii)&nbsp;the Holder and the
Permitted Transferee shall execute any and all documents requested by the Administrator, including, without limitation documents to (A)&nbsp;confirm
the status of the transferee as a Permitted Transferee, (B)&nbsp;satisfy any requirements for an exemption for the transfer under Applicable
Law and (C)&nbsp;evidence the transfer; and (iv)&nbsp; any transfer of an Award to a Permitted Transferee shall be without consideration,
except as required by Applicable Law.</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: 1in">(c)&nbsp;Notwithstanding Section&nbsp;12.3(a),
a Holder may, in the manner determined by the Administrator, designate a beneficiary to exercise the rights of the Holder and to receive
any distribution with respect to any Award upon the Holder&rsquo;s death. A beneficiary, legal guardian, legal representative, or other
person claiming any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Program or Award Agreement
applicable to the Holder, except to the extent the Plan, the Program and the Award Agreement otherwise provide, and to any additional
restrictions deemed necessary or appropriate by the Administrator. If the Holder is married or a domestic partner in a domestic partnership
qualified under Applicable Law and resides in a community property state, a designation of a person other than the Holder&rsquo;s spouse
or domestic partner, as applicable, as the Holder&rsquo;s beneficiary with respect to more than 50% of the Holder&rsquo;s interest in
the Award shall not be effective without the prior written or electronic consent of the Holder&rsquo;s spouse or domestic partner. If
no beneficiary has been designated or survives the Holder, payment shall be made to the person entitled thereto pursuant to the Holder&rsquo;s
will or the laws of descent and distribution. Subject to the foregoing, a beneficiary designation may be changed or revoked by a Holder
at any time; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT> that the change or revocation is filed with the Administrator prior
to the Holder&rsquo;s death.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.4 <FONT STYLE="font-size: 10pt"><U>Conditions
to Issuance of Shares</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;Notwithstanding anything
herein to the contrary, the Company shall not be required to issue or deliver any certificates or make any book entries evidencing Shares
pursuant to the exercise of any Award, unless and until the Board or the Committee has determined, with advice of counsel, that the issuance
of such Shares is in compliance with Applicable Law and the Shares are covered by an effective registration statement or applicable exemption
from registration. In addition to the terms and conditions provided herein, the Board or the Committee may require that a Holder make
such reasonable covenants, agreements and representations as the Board or the Committee, in its sole discretion, deems advisable in order
to comply with Applicable Law.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;All share certificates
delivered pursuant to the Plan and all Shares issued pursuant to book entry procedures are subject to any stop-transfer orders and other
restrictions as the Administrator deems necessary or advisable to comply with Applicable Law. The Administrator may place legends on any
share certificate or book entry to reference restrictions applicable to the Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;The Administrator shall
have the right to require any Holder to comply with any timing or other restrictions with respect to the settlement, distribution or exercise
of any Award, including a window-period limitation, as may be imposed in the sole discretion of the Administrator.</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: 1in">(d)&nbsp;No fractional Shares
shall be issued and the Administrator, in its sole discretion, shall determine whether cash shall be given in lieu of fractional Shares
or whether such fractional Shares shall be eliminated by rounding down.</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: 1in">(e)&nbsp;Notwithstanding any
other provision of the Plan, unless otherwise determined by the Administrator or required by Applicable Law, the Company shall not deliver
to any Holder certificates evidencing Shares issued in connection with any Award and instead such Shares shall be recorded in the books
of the Company (or, as applicable, its transfer agent or stock plan administrator).</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">12.5 <FONT STYLE="font-size: 10pt"><U>Forfeiture
and Claw-Back Provisions</U></FONT>. Pursuant to its general authority to determine the terms and conditions applicable to Awards under
the Plan, the Administrator shall have the right to provide, in an Award Agreement or otherwise, or to require a Holder to agree by separate
written or electronic instrument, that:</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: 1in">(a)&nbsp;(i)&nbsp;Any proceeds,
gains or other economic benefit actually or constructively received by the Holder upon any receipt or exercise of the Award, or upon the
receipt or resale of any Shares underlying the Award, shall be paid to the Company, and (ii)&nbsp;the Award shall terminate and any unexercised
portion of the Award (whether or not vested) shall be forfeited, if (x)&nbsp;a Termination of Service occurs prior to a specified date,
or within a specified time period following receipt or exercise of the Award, or (y)&nbsp;the Holder at any time, or during a specified
time period, engages in any activity in competition with the Company, or which is inimical, contrary or harmful to the interests of the
Company, as further defined by the Administrator or (z)&nbsp;the Holder incurs a Termination of Service for &ldquo;cause&rdquo; (as such
term is defined in the sole discretion of the Administrator, or as set forth in a written agreement relating to such Award between the
Company and the Holder); and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;All Awards (including
any proceeds, gains or other economic benefit actually or constructively received by the Holder upon any receipt or exercise of any Award
or upon the receipt or resale of any Shares underlying the Award) shall be subject to the provisions of any claw-back policy implemented
by the Company, including, without limitation, any claw-back policy adopted to comply with the requirements of Applicable Law, including
without limitation the Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules&nbsp;or regulations promulgated thereunder,
to the extent set forth in such claw-back policy and/or in the applicable Award Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.6 <FONT STYLE="font-size: 10pt"><U>Prohibition
on Repricing</U></FONT>. Subject to Section&nbsp;14.2, the Administrator shall not, without the approval of the stockholders of the Company,
(i)&nbsp;authorize the amendment of any outstanding Option or Stock Appreciation Right to reduce its price per share, (ii)&nbsp;cancel
any Option or Stock Appreciation Right in exchange for cash or another Award when the Option or Stock Appreciation Right price per share
exceeds the Fair Market Value of the underlying Shares, or (iii)&nbsp;take any other action with respect to an Option or Stock Appreciation
Right that would be treated as a repricing under the rules&nbsp;and regulations of the principal United States national securities exchange
on which the Shares are traded.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.7 <FONT STYLE="font-size: 10pt"><U>Data
Privacy</U></FONT>. As a condition for receiving any Award, each Holder explicitly and unambiguously consents to the collection, use and
transfer, in electronic or other form, of personal data as described in this Section&nbsp;12.7 by and among the Company and its Subsidiaries
and Affiliates exclusively for implementing, administering and managing the Holder&rsquo;s participation in the Plan. The Company and
its Subsidiaries and Affiliates may hold certain personal information about a Holder, including the Holder&rsquo;s name, address and telephone
number; birthdate; social security, insurance number or other identification number; salary; nationality; job title(s); any Shares held
in the Company or its Subsidiaries and Affiliates; and Award details, to implement, manage and administer the Plan and Awards (the &ldquo;<FONT STYLE="font-size: 10pt"><U>Data</U></FONT>&rdquo;).
The Company and its Subsidiaries and Affiliates may transfer the Data amongst themselves as necessary to implement, administer and manage
a Holder&rsquo;s participation in the Plan, and the Company and its Subsidiaries and Affiliates may transfer the Data to third parties
assisting the Company with Plan implementation, administration and management. These recipients may be located in the Holder&rsquo;s country,
or elsewhere, and the Holder&rsquo;s country may have different data privacy laws and protections than the recipients&rsquo; country.
By accepting an Award, each Holder authorizes such recipients to receive, possess, use, retain and transfer the Data, in electronic or
other form, to implement, administer and manage the Holder&rsquo;s participation in the Plan, including any required Data transfer to
a broker or other third party with whom the Company or the Holder may elect to deposit any Shares. The Data related to a Holder will be
held only as long as necessary to implement, administer, and manage the Holder&rsquo;s participation in the Plan. A Holder may, at any
time, view the Data that the Company holds regarding such Holder, request additional information about the storage and processing of the
Data regarding such Holder, recommend any necessary corrections to the Data regarding the Holder or refuse or withdraw the consents in
this Section&nbsp;12.7 in writing, without cost, by contacting the local human resources representative. The Company may cancel Holder&rsquo;s
ability to participate in the Plan and, in the Administrator&rsquo;s sole discretion, the Holder may forfeit any outstanding Awards if
the Holder refuses or withdraws the consents in this Section&nbsp;12.7. For more information on the consequences of refusing or withdrawing
consent, Holders may contact their local human resources representative.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;13.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ADMINISTRATION</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">13.1 <FONT STYLE="font-size: 10pt"><U>Administrator</U></FONT>.
The Committee (or another committee or a subcommittee of the Board assuming the functions of the Committee under the Plan) shall administer
the Plan (except as otherwise permitted herein). To the extent necessary to comply with Rule&nbsp;16b-3 of the Exchange Act, then the
Committee (or another committee or subcommittee of the Board assuming the functions of the Committee under the Plan) shall take all action
with respect to such Awards, and the individuals taking such action shall consist solely of two or more Non-Employee Directors appointed
by and holding office at the pleasure of the Board, each of whom is intended to qualify as both a &ldquo;non-employee director&rdquo;
as defined by Rule&nbsp;16b-3 of the Exchange Act or any successor rule. Additionally, to the extent required by Applicable Law, each
of the individuals constituting the Committee (or another committee or subcommittee of the Board assuming the functions of the Committee
under the Plan) shall be an &ldquo;independent director&rdquo; under the rules&nbsp;of any securities exchange or automated quotation
system on which the Shares are listed, quoted or traded. Notwithstanding the foregoing, any action taken by the Committee shall be valid
and effective, whether or not members of the Committee at the time of such action are later determined not to have satisfied the requirements
for membership set forth in this Section&nbsp;13.1 or otherwise provided in any charter of the Committee. Except as may otherwise be provided
in any charter of the Committee, appointment of Committee members shall be effective upon acceptance of appointment. Committee members
may resign at any time by delivering written or electronic notice to the Board. Vacancies in the Committee may only be filled by the Board.
Notwithstanding the foregoing, (a)&nbsp;the full Board, acting by a majority of its members in office, shall conduct the general administration
of the Plan with respect to Awards granted to Non-Employee Directors and, with respect to such Awards, the terms &ldquo;Administrator&rdquo;
and &ldquo;Committee&rdquo; as used in the Plan shall be deemed to refer to the Board and (b)&nbsp;the Board or Committee may delegate
its authority hereunder to the extent permitted by Section&nbsp;13.6.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.2 <FONT STYLE="font-size: 10pt"><U>Duties
and Powers of Committee</U></FONT>. It shall be the duty of the Committee to conduct the general administration of the Plan in accordance
with its provisions. The Committee shall have the power to interpret the Plan, the Program and the Award Agreement, and to adopt such
rules&nbsp;for the administration, interpretation and application of the Plan as are not inconsistent therewith, to interpret, amend or
revoke any such rules&nbsp;and to amend any Program or Award Agreement; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT> that the
rights or obligations of the Holder of the Award that is the subject of any such Program or Award Agreement are not affected adversely
by such amendment, unless the consent of the Holder is obtained or such amendment is otherwise permitted under Section&nbsp;12.5 or Section&nbsp;14.10.
Any such grant or award under the Plan need not be the same with respect to each Holder. Any such interpretations and rules&nbsp;with
respect to Incentive Stock Options shall be consistent with the provisions of Section&nbsp;422 of the Code. In its sole discretion, the
Board may at any time and from time to time exercise any and all rights and duties of the Committee under the Plan except with respect
to matters which under Rule&nbsp;16b-3 under the Exchange Act or any successor rule, or the rules&nbsp;of any securities exchange or automated
quotation system on which the Shares are listed, quoted or traded are required to be determined in the sole discretion of the Committee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.3 <FONT STYLE="font-size: 10pt"><U>Action
by the Committee</U></FONT>. Unless otherwise established by the Board or in any charter of the Committee, a majority of the Committee
shall constitute a quorum and the acts of a majority of the members present at any meeting at which a quorum is present, and acts approved
in writing by all members of the Committee in lieu of a meeting, shall be deemed the acts of the Committee. Each member of the Committee
is entitled to, in good faith, rely or act upon any report or other information furnished to that member by any officer or other employee
of the Company or any Affiliate, the Company&rsquo;s independent certified public accountants, or any executive compensation consultant
or other professional retained by the Company to assist in the administration of the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.4 <FONT STYLE="font-size: 10pt"><U>Authority
of Administrator</U></FONT>. Subject to the Company&rsquo;s Bylaws, the Committee&rsquo;s Charter and any specific designation in the
Plan, the Administrator has the exclusive power, authority and sole discretion to:</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: 1in">(a)&nbsp;Designate Eligible
Individuals to receive Awards;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;Determine the type
or types of Awards to be granted to each Eligible Individual;</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: 1in">(c)&nbsp;Determine the number
of Awards to be granted and the number of Shares to which an Award will relate;</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: 1in">(d)&nbsp;Determine the terms
and conditions of any Award granted pursuant to the Plan, including, but not limited to, the exercise price, grant price, purchase price,
any Performance Criteria, any restrictions or limitations on the Award, any schedule for vesting, lapse of forfeiture restrictions or
restrictions on the exercisability of an Award, and accelerations or waivers thereof, and any provisions related to non-competition and
recapture of gain on an Award, based in each case on such considerations as the Administrator in its sole discretion determines;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;Determine whether,
to what extent, and pursuant to what circumstances an Award may be settled in, or the exercise price of an Award may be paid in cash,
Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered;</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: 1in">(f)&nbsp;Prescribe the form
of each Award Agreement, which need not be identical for each Holder;</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: 1in">(g)&nbsp;Decide all other matters
that must be determined in connection with an Award;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)&nbsp;Establish, adopt, or
revise any rules&nbsp;and regulations as it may deem necessary or advisable to administer the Plan;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)&nbsp;Interpret the terms
of, and any matter arising pursuant to, the Plan, any Program or any Award Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(j)&nbsp;Make all other decisions
and determinations that may be required pursuant to the Plan or as the Administrator deems necessary or advisable to administer the Plan;
and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(k)&nbsp;Accelerate wholly or
partially the vesting or lapse of restrictions of any Award or portion thereof at any time after the grant of an Award, subject to whatever
terms and conditions it selects and Section&nbsp;14.2.</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">13.5 <FONT STYLE="font-size: 10pt"><U>Decisions
Binding</U></FONT>. The Administrator&rsquo;s interpretation of the Plan, any Awards granted pursuant to the Plan, any Program, any Award
Agreement and all decisions and determinations by the Administrator with respect to the Plan are final, binding and conclusive on all
parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.6 <FONT STYLE="font-size: 10pt"><U>Delegation
of Authority</U></FONT>. To the extent permitted by Applicable Law, the Board or Committee may from time to time delegate to a committee
of one or more members of the Board or one or more officers of the Company the authority to grant or amend Awards or to take other administrative
actions pursuant to this Article&nbsp;13; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>, <FONT STYLE="font-size: 10pt"><U>however</U></FONT>,
that in no event shall an officer of the Company be delegated the authority to grant awards to, or amend awards held by, the following
individuals: (a)&nbsp;individuals who are subject to Section&nbsp;16 of the Exchange Act, or (b)&nbsp;officers of the Company (or Directors)
to whom authority to grant or amend Awards has been delegated hereunder; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>, <FONT STYLE="font-size: 10pt"><U>further</U></FONT>,
that any delegation of administrative authority shall only be permitted to the extent it is permissible under Applicable Law. Any delegation
hereunder shall be subject to the restrictions and limits that the Board or Committee specifies at the time of such delegation, and the
Board may at any time rescind the authority so delegated or appoint a new delegatee. At all times, the delegatee appointed under this
Section&nbsp;13.6 shall serve in such capacity at the pleasure of the Board and the Committee, as applicable, and the Board or the Committee
may abolish any committee at any time and/or re-vest in itself any previously delegated authority.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;14.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MISCELLANEOUS PROVISIONS</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">14.1 <FONT STYLE="font-size: 10pt"><U>Amendment,
Suspension or Termination of the Plan</U></FONT>. Except as otherwise provided in this Section&nbsp;14.1, the Plan may be wholly or partially
amended or otherwise modified, suspended or terminated at any time or from time to time by the Board or the Committee. However, without
approval of the Company&rsquo;s stockholders given within twelve (12) months before or after the action by the Administrator, no action
of the Administrator may, except as provided in Section&nbsp;14.2, (a)&nbsp;increase the limits imposed in Section&nbsp;3.1 on the maximum
number of Shares which may be issued under the Plan or increase the Director Limit, (b)&nbsp;reduce the price per share of any outstanding
Option or Stock Appreciation Right granted under the Plan or take any action prohibited under Section&nbsp;12.6, or (c)&nbsp;cancel any
Option or Stock Appreciation Right in exchange for cash or another Award when the Option or Stock Appreciation Right price per share exceeds
the Fair Market Value of the underlying Shares. Except as provided in Section&nbsp;12.5 and Section&nbsp;14.10, no amendment, suspension
or termination of the Plan shall, without the consent of the Holder, impair any rights or obligations under any Award theretofore granted
or awarded, unless the Award itself otherwise expressly so provides. No Awards may be granted or awarded during any period of suspension
or after termination of the Plan, and notwithstanding anything herein to the contrary, in no event may any Award be granted under the
Plan after the tenth (10<SUP>th</SUP>) anniversary of the Effective Date (the &ldquo;<FONT STYLE="font-size: 10pt"><U>Expiration Date</U></FONT>&rdquo;).
Any Awards that are outstanding on the Expiration Date shall remain in force according to the terms of the Plan and the applicable Award
Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14.2 <FONT STYLE="font-size: 10pt"><U>Changes
in Common Stock or Assets of the Company, Acquisition or Liquidation of the Company and Other Corporate Events</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;In the event of any
stock dividend, stock split, combination or exchange of shares, merger, consolidation or other distribution (other than normal cash dividends)
of Company assets to stockholders, or any other change affecting the Shares of the Company&rsquo;s stock or the share price of the Company&rsquo;s
stock other than an Equity Restructuring, the Administrator may make equitable adjustments, if any, to reflect such change with respect
to: (i)&nbsp;the aggregate number and kind of Shares that may be issued under the Plan (including, but not limited to, adjustments of
the limitations in Sections 3.1 and 3.3 on the maximum number and kind of Shares which may be issued under the Plan, and adjustments of
the Award Limit or Director Limit); (ii)&nbsp;the number and kind of Shares (or other securities or property) subject to outstanding Awards;
(iii)&nbsp;the number and kind of Shares (or other securities or property) for which automatic grants are subsequently to be made to new
and continuing Non-Employee Directors pursuant to Section&nbsp;4.6; (iv)&nbsp;the terms and conditions of any outstanding Awards (including,
without limitation, any applicable performance targets or criteria with respect thereto); and (v)&nbsp;the grant or exercise price per
share for any outstanding Awards under the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;In the event of any
transaction or event described in Section&nbsp;14.2(a)&nbsp;or any unusual or nonrecurring transactions or events affecting the Company,
any Affiliate of the Company, or the financial statements of the Company or any Affiliate, or of changes in Applicable Law or accounting
principles, the Administrator, in its sole discretion, and on such terms and conditions as it deems appropriate, either by the terms of
the Award or by action taken prior to the occurrence of such transaction or event and either automatically or upon the Holder&rsquo;s
request, is hereby authorized to take any one or more of the following actions whenever the Administrator determines that such action
is appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the
Plan or with respect to any Award under the Plan, to facilitate such transactions or events or to give effect to such changes in laws,
regulations or principles:</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: 1.5in">(i)&nbsp;To provide for either
(A)&nbsp;termination of any such Award in exchange for an amount of cash, if any, equal to the amount that would have been attained upon
the exercise of such Award or realization of the Holder&rsquo;s rights (and, for the avoidance of doubt, if as of the date of the occurrence
of the transaction or event described in this Section&nbsp;14.2 the Administrator determines in good faith that no amount would have been
attained upon the exercise of such Award or realization of the Holder&rsquo;s rights, then such Award may be terminated by the Company
without payment) or (B)&nbsp;the replacement of such Award with other rights or property selected by the Administrator, in its sole discretion,
having an aggregate value not exceeding the amount that could have been attained upon the exercise of such Award or realization of the
Holder&rsquo;s rights had such Award been currently exercisable or payable or fully vested;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;To provide that
such Award be assumed by the successor or survivor corporation, or a parent or subsidiary thereof, or shall be substituted for by similar
options, rights or awards covering the stock of the successor or survivor corporation, or a parent or subsidiary thereof, with appropriate
adjustments as to the number and kind of shares and prices;</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: 1.5in">(iii)&nbsp;To make adjustments
in the number and type of Shares of the Company&rsquo;s stock (or other securities or property) subject to outstanding Awards, and in
the number and kind of outstanding Restricted Stock and/or in the terms and conditions of (including the grant or exercise price), and
the criteria included in, outstanding Awards and Awards which may be granted in the future;</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: 1.5in">(iv)&nbsp;To provide that
such Award shall be exercisable or payable or fully vested with respect to all Shares covered thereby, notwithstanding anything to the
contrary in the Plan or the applicable Program or Award Agreement; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;To provide that the
Award cannot vest, be exercised or become payable after such event.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;In connection with
the occurrence of any Equity Restructuring, and notwithstanding anything to the contrary in Section&nbsp;14.2(a)&nbsp;and 14.2(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: 1.5in">(i)&nbsp;The number and type
of securities subject to each outstanding Award and the exercise price or grant price thereof, if applicable, shall be equitably adjusted;
and/or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;The Administrator
shall make such equitable adjustments, if any, as the Administrator, in its sole discretion, may deem appropriate to reflect such Equity
Restructuring with respect to the aggregate number and kind of Shares that may be issued under the Plan (including, but not limited to,
adjustments of the limitations in Sections 3.1 and 3.3 on the maximum number and kind of Shares which may be issued under the Plan, and
adjustments of the Award Limit or Director Limit). The adjustments provided under this Section&nbsp;14.2(c)&nbsp;shall be nondiscretionary
and shall be final and binding on the affected Holder and the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;Notwithstanding any
other provision of the Plan, in the event of a Change in Control, each outstanding Award shall continue in effect or be assumed or an
equivalent Award substituted by the successor corporation or a parent or subsidiary of the successor corporation.</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: 1in">(e)&nbsp;In the event that the
successor corporation in a Change in Control refuses to assume or substitute for the Award, the Administrator may cause any or all of
such Awards to become fully exercisable immediately prior to the consummation of such transaction and all forfeiture restrictions on any
or all of such Awards to lapse. If an Award is exercisable in lieu of assumption or substitution in the event of a Change in Control,
the Administrator shall notify the Holder that the Award shall be fully exercisable for a period of fifteen (15) days from the date of
such notice, contingent upon the occurrence of the Change in Control, and the Award shall terminate upon the expiration of such period.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp;For the purposes of
this Section&nbsp;14.2, an Award shall be considered assumed if, following the Change in Control, the Award confers the right to purchase
or receive, for each Share subject to the Award immediately prior to the Change in Control, the consideration (whether stock, cash, or
other securities or property) received in the Change in Control by holders of Common Stock for each Share held on the effective date of
the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority
of the outstanding Shares); <FONT STYLE="font-size: 10pt"><U>provided</U></FONT>, <FONT STYLE="font-size: 10pt"><U>however</U></FONT>,
that if such consideration received in the Change in Control was not solely common stock of the successor corporation or its parent, the
Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of the
Award, for each Share subject to an Award, to be solely common stock of the successor corporation or its parent equal in fair market value
to the per-share consideration received by holders of Common Stock in the Change in Control.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&nbsp;The Administrator,
in its sole discretion, may include such further provisions and limitations in any Award, agreement or certificate, as it may deem equitable
and in the best interests of the Company that are not inconsistent with the provisions of the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)&nbsp;No adjustment or action
described in this Section&nbsp;14.2 or in any other provision of the Plan shall be authorized to the extent that such adjustment or action
would cause the Plan to violate Section&nbsp;422(b)(1)&nbsp;of the Code. Furthermore, no such adjustment or action shall be authorized
to the extent such adjustment or action would result in short-swing profits liability under Section&nbsp;16 or violate the exemptive conditions
of Rule&nbsp;16b-3 unless the Administrator determines that the Award is not to comply with such exemptive conditions.</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: 1in">(i)&nbsp;The existence of the
Plan, the Program, the Award Agreement and the Awards granted hereunder shall not affect or restrict in any way the right or power of
the Company or the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in
the Company&rsquo;s capital structure or its business, any merger or consolidation of the Company, any issue of stock or of options, warrants
or rights to purchase stock or of bonds, debentures, preferred or prior preference stocks whose rights are superior to or affect the Common
Stock or the rights thereof or which are convertible into or exchangeable for Common Stock, or the dissolution or liquidation of the Company,
or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character
or otherwise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(j)&nbsp;No action shall be
taken under this Section&nbsp;14.2 which shall cause an Award to fail to be exempt from or comply with Section&nbsp;409A of the Code or
the Treasury Regulations thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(k)&nbsp;In the event of any
pending stock dividend, stock split, combination or exchange of shares, merger, consolidation or other distribution (other than normal
cash dividends) of Company assets to stockholders, or any other change affecting the Shares or the share price of the Common Stock including
any Equity Restructuring, for reasons of administrative convenience, the Company, in its sole discretion, may refuse to permit the exercise
of any Award during a period of up to thirty (30) days prior to the consummation of any such transaction.</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">14.3 <FONT STYLE="font-size: 10pt"><U>Approval
of Plan by Stockholders</U></FONT>. The Plan (as amended and restated) will be submitted for the approval of the Company&rsquo;s stockholders
within twelve (12) months after the date of the Board&rsquo;s initial adoption of the Plan (as amended and restated).</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">14.4 <FONT STYLE="font-size: 10pt"><U>No
Stockholders Rights</U></FONT>. Except as otherwise provided herein, a Holder shall have none of the rights of a stockholder with respect
to Shares covered by any Award until the Holder becomes the record owner of such Shares.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14.5 <FONT STYLE="font-size: 10pt"><U>Paperless
Administration</U></FONT>. In the event that the Company establishes, for itself or using the services of a third party, an automated
system for the documentation, granting or exercise of Awards, such as a system using an internet website or interactive voice response,
then the paperless documentation, granting or exercise of Awards by a Holder may be permitted through the use of such an automated system.</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">14.6 <FONT STYLE="font-size: 10pt"><U>Effect
of Plan upon Other Compensation Plans</U></FONT>. The adoption of the Plan (as amended and restated) shall not affect any other compensation
or incentive plans in effect for the Company or any Affiliate. Nothing in the Plan shall be construed to limit the right of the Company
or any Affiliate: (a)&nbsp;to establish any other forms of incentives or compensation for Employees, Directors or Consultants of the Company
or any Affiliate, or (b)&nbsp;to grant or assume options or other rights or awards otherwise than under the Plan in connection with any
proper corporate purpose including without limitation, the grant or assumption of options in connection with the acquisition by purchase,
lease, merger, consolidation or otherwise, of the business, stock or assets of any corporation, partnership, limited liability company,
firm or association.</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">14.7 <FONT STYLE="font-size: 10pt"><U>Compliance
with Laws</U></FONT>. The Plan, the granting and vesting of Awards under the Plan and the issuance and delivery of Shares and the payment
of money under the Plan or under Awards granted or awarded hereunder are subject to compliance with all Applicable Law (including but
not limited to state, federal and foreign securities law and margin requirements), and to such approvals by any listing, regulatory or
governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable in connection therewith. Any securities
delivered under the Plan shall be subject to such restrictions, and the person acquiring such securities shall, if requested by the Company,
provide such assurances and representations to the Company as the Company may deem necessary or desirable to assure compliance with all
Applicable Law. To the extent permitted by Applicable Law, the Plan and Awards granted or awarded hereunder shall be deemed amended to
the extent necessary to conform to Applicable Law.</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">14.8 <FONT STYLE="font-size: 10pt"><U>Titles
and Headings, References to Sections of the Code or Exchange Act</U></FONT>. The titles and headings of the Sections in the Plan are for
convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control.
References to sections of the Code or the Exchange Act shall include any amendment or successor thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14.9 <FONT STYLE="font-size: 10pt"><U>Governing
Law</U></FONT>. The Plan and any agreements hereunder shall be administered, interpreted and enforced under the internal laws of the State
of Delaware without regard to conflicts of laws thereof or of any other jurisdiction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14.10 <FONT STYLE="font-size: 10pt"><U>Section&nbsp;409A</U></FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp; General. To the extent
that the Administrator determines that any Award granted under the Plan is subject to Section&nbsp;409A of the Code, the Program pursuant
to which such Award is granted and the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section&nbsp;409A
of the Code. To the extent applicable, the Plan, the Program and any Award Agreements shall be interpreted in accordance with Section&nbsp;409A
of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any
such regulations or other guidance that may be issued after the Effective Date. Notwithstanding any provision of the Plan to the contrary,
in the event that following the Effective Date the Administrator determines that any Award may be subject to Section&nbsp;409A of the
Code and related Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the Effective
Date), the Administrator may adopt such amendments to the Plan and the applicable Program and Award Agreement or adopt other policies
and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Administrator
determines are necessary or appropriate to (a)&nbsp;exempt the Award from Section&nbsp;409A of the Code and/or preserve the intended tax
treatment of the benefits provided with respect to the Award, or (b)&nbsp;comply with the requirements of Section&nbsp;409A of the Code
and related Department of Treasury guidance and thereby avoid the application of any penalty taxes under such Section.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp; Separation from Service.
If an Award constitutes &ldquo;nonqualified deferred compensation&rdquo; under Section&nbsp;409A of the Code, any payment or settlement
of such Award upon a Holder&rsquo;s Termination of Service will, to the extent necessary to avoid taxes under Section&nbsp;409A of the
Code, be made only upon the Holder&rsquo;s &ldquo;separation from service&rdquo; (within the meaning of Section&nbsp;409A of the Code),
whether such &ldquo;separation from service&rdquo; occurs upon or after the Holder&rsquo;s Termination of Service. For purposes of this
Plan or any Award Agreement relating to any such payments or benefits, references to a &ldquo;termination,&rdquo; &ldquo;termination of
employment&rdquo; or like terms means a &ldquo;separation from service.&rdquo;</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: 1in">(c)&nbsp; Payments to Specified
Employees. Notwithstanding any contrary provision in the Plan or any Award Agreement, any payment(s)&nbsp;of &ldquo;nonqualified deferred
compensation&rdquo; required to be made under an Award to a &ldquo;specified employee&rdquo; (as defined under Section&nbsp;409A of the
Code and as the Administrator determines) due to his or her &ldquo;separation from service&rdquo; will, to the extent necessary to avoid
taxes under Section&nbsp;409A(a)(2)(B)(i)&nbsp;of the Code, be delayed for the six-month period immediately following such &ldquo;separation
from service&rdquo; (or, if earlier, until the specified employee&rsquo;s death) and will instead be paid (as set forth in the Award Agreement)
on the day immediately following such six-month period or as soon as administratively practicable thereafter (without interest). Any payments
of &ldquo;nonqualified deferred compensation&rdquo; under such Award payable more than six months following the Holder&rsquo;s &ldquo;separation
from service&rdquo; will be paid at the time or times the payments are otherwise scheduled to be made.</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">14.11 <FONT STYLE="font-size: 10pt"><U>No
Rights to Awards</U></FONT>. No Eligible Individual or other person shall have any claim to be granted any Award pursuant to the Plan,
and neither the Company nor the Administrator is obligated to treat Eligible Individuals, Holders or any other persons uniformly.</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">14.12 <FONT STYLE="font-size: 10pt"><U>Unfunded
Status of Awards</U></FONT>. The Plan is intended to be an &ldquo;unfunded&rdquo; plan for incentive compensation. With respect to any
payments not yet made to a Holder pursuant to an Award, nothing contained in the Plan or any Program or Award Agreement shall give the
Holder any rights that are greater than those of a general creditor of the Company or any Affiliate.</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">14.13 <FONT STYLE="font-size: 10pt"><U>Indemnification</U></FONT>.
To the extent allowable pursuant to Applicable Law, each member of the Committee or of the Board shall be indemnified and held harmless
by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection
with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved
by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid by him or her in satisfaction
of judgment in such action, suit, or proceeding against him or her; <FONT STYLE="font-size: 10pt"><U>provided</U></FONT> he or she gives
the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his
or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such
persons may be entitled pursuant to the Company&rsquo;s Articles of Incorporation or Bylaws, as a matter of law, or otherwise, or any
power that the Company may have to indemnify them or hold them harmless.</P>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14.14 <FONT STYLE="font-size: 10pt"><U>Relationship
to other Benefits</U></FONT>. No payment pursuant to the Plan shall be taken into account in determining any benefits under any pension,
retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Affiliate except to the extent
otherwise expressly provided in writing in such other plan or an agreement thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14.15 <FONT STYLE="font-size: 10pt"><U>Expenses</U></FONT>.
The expenses of administering the Plan shall be borne by the Company and its Affiliates.</P>

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

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

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

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<TYPE>EX-101.SCH
<SEQUENCE>3
<FILENAME>rwt-20230523.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
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<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>4
<FILENAME>rwt-20230523_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
<TEXT>
<XBRL>
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<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>rwt-20230523_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
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<XBRL>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentDescription" xlink:label="dei_AmendmentDescription" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentDescription" xlink:to="dei_AmendmentDescription_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentDescription_lbl" xml:lang="en-US">Amendment Description</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentRegistrationStatement" xlink:label="dei_DocumentRegistrationStatement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US">Document Registration Statement</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentQuarterlyReport" xlink:label="dei_DocumentQuarterlyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US">Document Quarterly Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US">Document Transition Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyReport" xlink:to="dei_DocumentShellCompanyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US">Document Shell Company Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyEventDate" xlink:label="dei_DocumentShellCompanyEventDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyEventDate" xlink:to="dei_DocumentShellCompanyEventDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xml:lang="en-US">Document Shell Company Event Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodStartDate" xlink:label="dei_DocumentPeriodStartDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodStartDate" xlink:to="dei_DocumentPeriodStartDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US">Entity Address, Address Line One</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US">Entity Address, Address Line Two</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US">Entity Address, Address Line Three</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US">Entity Address, State or Province</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US">Entity Address, Country</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US">Extension</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" />
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
<FILENAME>rwt-20230523_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
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<TYPE>XML
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139889794466784">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>May 23, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">May 23,  2023<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-13759<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">REDWOOD TRUST, INC.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000930236<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">68-0329422<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">MD<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">One
Belvedere Place<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">Suite 300<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Mill Valley<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">CA<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">94941<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">415<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">389-7373<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember', window );">Common Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common stock, par value $0.01 per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">RWT<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember', window );">Series A Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">10%
    Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock, par value $0.01 per share<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">RWT PRA<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
