<SEC-DOCUMENT>0001571049-16-020627.txt : 20161214
<SEC-HEADER>0001571049-16-020627.hdr.sgml : 20161214
<ACCEPTANCE-DATETIME>20161213181449
ACCESSION NUMBER:		0001571049-16-020627
CONFORMED SUBMISSION TYPE:	S-8 POS
PUBLIC DOCUMENT COUNT:		10
FILED AS OF DATE:		20161214
DATE AS OF CHANGE:		20161213
EFFECTIVENESS DATE:		20161214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIONS GATE ENTERTAINMENT CORP /CN/
		CENTRAL INDEX KEY:			0000929351
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		S-8 POS
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-212792
		FILM NUMBER:		162049922

	BUSINESS ADDRESS:	
		STREET 1:		2700 COLORADO AVENUE
		STREET 2:		SUITE 200
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90404
		BUSINESS PHONE:		877-848-3866

	MAIL ADDRESS:	
		STREET 1:		250 HOWE STREET
		STREET 2:		20TH FLOOR
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C #R8

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BERINGER GOLD CORP
		DATE OF NAME CHANGE:	19970618

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GUYANA GOLD CORP
		DATE OF NAME CHANGE:	19960212
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8 POS
<SEQUENCE>1
<FILENAME>t1602871_s8pos.htm
<DESCRIPTION>POST-EFFECTIVE AMENDMENT NO. 1 ON FORM S-8 TO FORM S-4
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>As filed with the
Securities and Exchange Commission on December 13, 2016 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Registration No. 333-212792 </B></P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Washington, D.C. 20549</B><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>POST-EFFECTIVE AMENDMENT NO. 1 ON</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>FORM S-8 TO FORM S-4 REGISTRATION STATEMENT</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B><I>THE SECURITIES ACT OF 1933</I></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

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

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Lions Gate Entertainment Corp. </B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>(Exact Name of Registrant as Specified in
its Charter)</B></P>

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 51%; font-size: 10pt; text-align: center"><B>British Columbia, Canada</B></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 48%; font-size: 10pt; text-align: center"><B>N/A</B></TD></TR>
<TR STYLE="font-size: 8pt">
    <TD STYLE="vertical-align: top; font-size: 8pt">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(State or Other Jurisdiction of</B></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Incorporation or Organization)</B></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(I.R.S. Employer</B></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Identification Number)</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>250 Howe Street, 20th Floor&nbsp;</B><BR>
        <B>Vancouver, British Columbia V6C 3R8&nbsp;</B><BR>
        <B>and&nbsp;</B><BR>
        <B>2700 Colorado Avenue&nbsp;</B><BR>
        <B>Santa Monica, California 90404</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>(Address, Including Zip Code, of Principal
        Executive Offices)</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P></TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Starz 2011 Incentive Plan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Starz 2011 Nonemployee Director Incentive
Plan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Starz 2016 Omnibus Incentive Plan</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>(Full titles of the plans) </B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>General Counsel and Chief Strategic Officer</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>2700 Colorado Avenue</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Santa Monica, California 90404</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>(310) 449-9200</B></P>

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

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>(Name, Address, Including Zip Code, and Telephone
Number, Including Area Code, of Agent for Service) </B></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &ldquo;large
accelerated filer,&rdquo; &ldquo;accelerated filer&rdquo; and &ldquo;smaller reporting company&rdquo; in Rule 12b-2 of the Exchange
Act. (Check one): <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 15%">Large accelerated<BR>
 filer</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 60%"><FONT STYLE="font-family: Wingdings">x</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 19%">Accelerated filer</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Non-accelerated<BR>
 filer</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Wingdings">&uml;</FONT> (Do not check if a smaller reporting company)</TD>
    <TD>&nbsp;</TD>
    <TD>Smaller reporting<BR>
 company</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-size: 8pt">
    <TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 8pt">Title&nbsp;of&nbsp;Each&nbsp;Class&nbsp;of&nbsp;Securities<BR> to&nbsp;be&nbsp;Registered</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 8pt">Amount&nbsp;to&nbsp;be<BR> Registered(1)</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 8pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 8pt">Proposed&nbsp;Maximum<BR> Offering&nbsp;Price&nbsp;Per<BR> Share</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 8pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 8pt">Proposed&nbsp;Maximum<BR> Aggregate<BR> Offering&nbsp;Price(2)</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 8pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 8pt">Amount&nbsp;of<BR> Registration&nbsp;Fee(2)</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; font-size: 8pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%">Class B non-voting shares, no par value</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-size: 10pt">28,000,000</FONT></TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-size: 10pt">N/A</FONT></TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-size: 10pt">&nbsp;N/A</FONT></TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-size: 10pt">&nbsp;N/A</FONT></TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">This Post-Effective Amendment No.
                                         1 on Form S-8 covers Class B non-voting shares of the Registrant registered on the Registration
                                         Statement on Form S-4, as amended, to which this filing is an amendment. The amount in
                                         this column represents (a) the maximum amount issuable under outstanding stock options,
                                         restricted stock awards and restricted stock unit awards (the &ldquo;Legacy Starz Awards&rdquo;)
                                         granted under the Starz 2011 Incentive Plan, Starz 2011 Nonemployee Director Plan and
                                         Starz 2016 Omnibus Incentive Plan (the &ldquo;Starz Plans&rdquo;) that were assumed by
                                         the Registrant in connection with the merger of Orion Arm Acquisition Inc., a
                                         wholly owned subsidiary of the Registrant, with and into Starz (the &ldquo;Merger&rdquo;)
                                         and (b) the number of Class B non-voting shares reserved and available for issuance under
                                         the Starz Plans. The Merger closed on December 8, 2016.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Pursuant to Rule 416(c) under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;),
there are also being registered such additional shares of Class B non-voting shares that become available under the foregoing plans
in connection with changes in the number of shares of outstanding Class B non-voting shares because of events such as recapitalizations,
stock dividends, stock splits and reverse stock splits.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">Pursuant to Rule 457(b), all filing fees payable in connection with the securities on this Post-Effective
Amendment No. 1 were previously paid in connection with the initial filing of the Registration Statement on Form S-4 (File No.
333-212792) filed on August 1, 2016 and with the filing of the Transaction Statement on Schedule 13E-3 filed on October 5, 2016
(File No. 005-86413), pursuant to which a total of&thinsp;$339,369.99 has been previously paid.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR></TABLE>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Lions Gate Entertainment Corp. (&ldquo;Lions
Gate&rdquo;) hereby amends its Registration Statement on Form S-4 (Registration No. 333-212792) filed on August 1, 2016
(as amended, the &ldquo;Form S-4&rdquo;), by filing this Post-Effective Amendment No. 1 on Form S-8 relating to Class
B non-voting shares of the Registrant, no par value per share (the &ldquo;Lions Gate non-voting shares&rdquo;), issuable upon
the exercise of stock options, restricted stock unit awards and restricted stock awards granted pursuant to terms of the
Starz 2011 Incentive Plan, Starz 2011 Nonemployee Director Plan and Starz 2016 Omnibus Incentive Plan (collectively, the &ldquo;Starz
Plans&rdquo;) and held by Starz employees (as defined below), which were assumed by Lions Gate in connection with the Merger (as
defined below). All such shares were previously registered on the Form S-4 but will be subject to issuance pursuant to this Post-Effective
Amendment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On December 8, 2016, Lions Gate,
Starz and Orion Arm Acquisition Inc., a wholly owned subsidiary of Lions Gate (&ldquo;Merger Sub&rdquo;), consummated the merger
(the &ldquo;Merger&rdquo;) of Merger Sub with and into Starz, with Starz continuing as the surviving corporation and becoming
an indirect wholly owned subsidiary of Lions Gate, pursuant to the Agreement and Plan of Merger dated as of June 30, 2016 (as
amended, the &ldquo;Merger Agreement&rdquo;) by and among Lions Gate, Starz and Merger Sub. Starz&rsquo;s Series A common stock,
par value $0.01 (the &ldquo;Starz Series A common stock&rdquo;), and Starz&rsquo;s Series B common stock, par value $0.01 (the
&ldquo;Starz Series B common stock,&rdquo; and together with the Starz Series A common stock, the &ldquo;Starz common stock&rdquo;)
are no longer publicly outstanding, and shares of Starz common stock currently represent the right to receive the consideration
described in the Merger Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">In accordance with the Merger Agreement, at
the effective time of the closing of the Merger, Lions Gate assumed the Starz Plans and the restricted stock unit awards, unvested
stock options and restricted stock awards, in each case, granted under the Starz Plans (collectively, the &ldquo;Assumed Awards&rdquo;).
As a result of this assumption, at the effective time of the closing of the Merger, the Assumed Awards were converted into corresponding
awards relating to Lions Gate non-voting shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">This registration statement has been filed
for the purpose of registering 28,000,000 Lions Gate non-voting shares issuable in connection with the Assumed Awards held
by Starz employees (&ldquo;employees&rdquo; as defined in General Instruction A.1(a) to Form S-8) and awards to be granted under
the Starz Plans following the Merger.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INFORMATION REQUIRED IN THE SECTION 10(a)
PROSPECTUS </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Information required by Part I of Form S-8 to
be contained in the applicable prospectus is omitted from this registration statement in accordance with Rule 428 under the Securities
Act of 1933, as amended (the &ldquo;Securities Act&rdquo;).</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in; text-align: left"><B>Item 3.</B></TD><TD STYLE="text-align: justify"><B>Incorporation of Documents by Reference.</B></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following documents, which have been filed
by the Registrant with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;), are incorporated herein by reference:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>The Registrant&rsquo;s latest Annual Report on Form 10-K for the year ended March 31, 2016, filed pursuant to Section 13 of
the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>All other reports filed by the Registrant pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal
year covered by the Annual Report referred to in (a); and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>The description of Lions Gate non-voting shares included in the Registrant&rsquo;s Registration Statement on Form S-4, filed
with the SEC on August 1, 2016, as amended on September 7, 2016, October 5, 2016, October 28, 2016, November 3, 2016, November
4, 2016, and November 4, 2016.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">All documents filed by the Registrant with the
SEC pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Exchange Act subsequent to the date of this registration statement
and prior to the filing of a post-effective amendment that indicates that all securities offered have been sold or that deregisters
all securities then remaining unsold shall, except to the extent otherwise provided by Regulation S-K or any other rule promulgated
by the SEC, be deemed to be incorporated by reference in this</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">registration statement and to be part hereof from the date of filing
of such documents. Any statements contained in a document incorporated or deemed to be incorporated by reference shall be deemed
to be modified or superseded to the extent that a statement contained herein or in any other document subsequently filed or incorporated
by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except
as so modified or superseded, to constitute a part of this registration statement.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in; text-align: left"><B>Item 4.</B></TD><TD STYLE="text-align: justify"><B>Description of Securities.</B></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Not applicable.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in; text-align: left"><B>Item 5.</B></TD><TD STYLE="text-align: justify"><B>Interests of Named Experts and Counsel.</B></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Not applicable.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in; text-align: left"><B>Item 6.</B></TD><TD STYLE="text-align: justify"><B>Indemnification of Directors and Officers.</B></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Under the BCBCA, Lions Gate may indemnify a present or former director
or officer of Lions Gate or a person who acts or acted at Lions Gate&rsquo;s request as a director or officer of another corporation,
or for an affiliate, of Lions Gate, and his heirs and personal or other legal representatives, against all costs, charges and expenses,
including legal and other fees and amounts paid to settle an action or satisfy a judgment, actually and reasonably incurred by
him including an amount paid to settle an action or satisfy a judgment in respect of any civil, criminal or administrative action
or proceeding to which he is made a party by reason of his position with Lions Gate or such other corporation and provided that
the director or officer acted honestly and in good faith with a view to the best interests of Lions Gate or such other corporation,
and, in the case of a criminal or administrative action or proceeding, had reasonable grounds for believing that his conduct was
lawful. Other forms of indemnification may be made only with court approval.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In accordance with the Articles of Lions Gate, Lions Gate shall
indemnify every director or former director of Lions Gate, or may, subject to the BCBCA, indemnify any other person after the final
disposition of an eligible proceeding if the director or former director was wholly-successful in the outcome (merits or otherwise)
or substantially successful on the merits or such director or former director has not otherwise been reimbursed. We have entered
into indemnity agreements with our directors, executive officers, and certain other key employees whereby we have agreed to indemnify
the directors and officers to the extent permitted by its Articles and the BCBCA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">At the special meeting of Lions Gate shareholders held to consider
the proposed reclassification and Merger, the holders of Lions Gate common shares approved an amendment to the
Articles of Lions Gate to provide the same indemnifications to the current and former officers of Lions Gate as are provided to
the current and former directors of Lions Gate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Articles of Lions Gate permit Lions Gate, subject to the limitations
contained in the BCBCA, to purchase and maintain insurance on behalf of any person mentioned in the preceding paragraph, as the
board of directors may from time to time determine. Lions Gate, however, only maintains directors&rsquo; and officers&rsquo; liability
insurance and corporate reimbursement insurance.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The foregoing summaries are necessarily subject to the complete
text of the statute, Lions Gate&rsquo;s Articles, and the arrangements referred to above are qualified in their entirety by reference
thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Lions Gate has entered into indemnity agreements with its directors
and officers that are in compliance with the BCBCA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">A directors&rsquo; and officers&rsquo; insurance policy insures
each of Lions Gate&rsquo;s directors and officers against liabilities incurred in their capacity as such for which they are not
otherwise indemnified, subject to certain exclusions. This is in addition to the insurance coverage that Lions Gate maintains in
the event it is required to indemnify a director or officer for indemnifiable claims.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in; text-align: left"><B>Item 7.</B></TD><TD STYLE="text-align: justify"><B>Exemption from Registration Claimed.</B></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Not applicable.</P>

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


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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in; text-align: left"><B>Item 8.</B></TD><TD STYLE="text-align: justify"><B>Exhibits.</B></TD>
</TR></TABLE>



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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="font-size: 8pt">
    <TD STYLE="vertical-align: bottom; font-size: 8pt; width: 10%">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: left; border-bottom: Black 0.5pt solid"><B>Exhibit
        No.</B></P></TD>
    <TD STYLE="vertical-align: top; font-size: 8pt; width: 1%">
</TD>
    <TD STYLE="vertical-align: bottom; font-size: 8pt; width: 89%">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Description</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">5.1</TD>
    <TD>&nbsp;</TD>
    <TD>Opinion of Dentons Canada LLP</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">23.1</TD>
    <TD>&nbsp;</TD>
    <TD>Consent of Dentons Canada LLP (included in Exhibit 5.1 hereto)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">23.2</TD>
    <TD>&nbsp;</TD>
    <TD>Consent of Ernst &amp; Young LLP, Independent Registered Public Accounting Firm (with respect to financial statements of Lions Gate Entertainment Corp.)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">23.3</TD>
    <TD>&nbsp;</TD>
    <TD>Consent of Ernst &amp; Young LLP, Independent Auditors (with respect to financial statements of Pop Media Group, LLC)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">23.4</TD>
    <TD>&nbsp;</TD>
    <TD>Consent of PricewaterhouseCoopers LLP, Independent Auditors (with respect to financial statements of Studio 3
    Partners      LLC)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">23.5</TD>
    <TD>&nbsp;</TD>
    <TD>Consent of KPMG LLP, Independent Registered Public Accounting Firm (with respect to financial statements of Starz)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">24.1</TD>
    <TD>&nbsp;</TD>
    <TD>Power of Attorney (previously included on the signature page to the Registration Statement on Form S-4 (File No. 333-212792), filed with the SEC on August 1, 2016)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">99.1</TD>
    <TD>&nbsp;</TD>
    <TD>Starz 2011 Incentive Plan</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">99.2</TD>
    <TD>&nbsp;</TD>
    <TD>Starz 2011 Nonemployee Director Plan </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">99.3</TD>
    <TD>&nbsp;</TD>
    <TD>Starz 2016 Omnibus Incentive Plan </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in; text-align: left"><B>Item 9.</B></TD><TD STYLE="text-align: justify"><B>Undertakings.</B></TD>
</TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">To file, during any period
in which offers or sales are being made, a post-effective amendment to this registration statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">i.</TD><TD STYLE="text-align: justify">to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">ii.</TD><TD STYLE="text-align: left">to reflect in the prospectus any facts or events arising after the effective date of the registration
statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental
change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume
of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation
from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC
pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum
aggregate offering price set forth in the &ldquo;Calculation of Registration Fee&rdquo; table in the effective registration statement;
and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">iii.</TD><TD>to include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to such information in the registration statement.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>Provided, however</I>, that paragraphs (i)
and (ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained
in reports filed with or furnished to the SEC by the Registrant pursuant to section 13 or section 15(d) of the Exchange Act that
are incorporated by reference in the registration statement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">That, for the purpose of determining any liability
under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering
thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the termination of the offering.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The undersigned Registrant hereby undertakes
that, for purposes of determining any liability under the Securities Act,</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">each filing of the Registrant&rsquo;s annual report pursuant to
section 13(a) or section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&rsquo;s annual
report pursuant to section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be
deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in the opinion of the SEC such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person
of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</P>

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


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and has duly caused this Post-Effective Amendment No. 1 on Form S-8 to the Registrant&rsquo;s Registration
Statement on Form S-4 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Santa Monica, State
of California, on the 13<SUP>th</SUP> day of December, 2016.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">LIONS GATE ENTERTAINMENT CORP.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 52%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 4%">By:</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 43%; border-bottom: black 1pt solid">/s/ Wayne Levin</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 32.45pt; text-indent: -32.45pt">Name:&nbsp;&nbsp;Wayne Levin</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 32.45pt; text-indent: -32.45pt">Title:&nbsp;&nbsp;&nbsp;&nbsp;General Counsel and Chief Strategic Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Pursuant to the requirements of the
Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on
the 13<SUP>th</SUP> day of December, 2016:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="font-size: 8pt">
    <TD STYLE="vertical-align: bottom; text-align: center; font-weight: bold; width: 30%; border-bottom: Black 1pt solid; font-size: 8pt">Signature</TD>
    <TD STYLE="vertical-align: top; text-align: center; font-weight: bold; width: 1%; padding-bottom: 1pt; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; font-weight: bold; width: 38%; border-bottom: Black 1pt solid; font-size: 8pt">Title</TD>
    <TD STYLE="vertical-align: top; text-align: center; font-weight: bold; width: 1%; padding-bottom: 1pt; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; font-weight: bold; width: 30%; border-bottom: Black 1pt solid; font-size: 8pt">Date</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: center; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; font-weight: bold">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center">*</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">Chief Financial Officer&nbsp;<I>(Principal Financial<BR>
 Officer and Principal Accounting Officer and<BR>
 Authorized Representative in the United<BR>
 States)</I></TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">December 13, 2016</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">James W. Barge</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center">*</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">Vice Chairman, Director</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">December 13, 2016</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">Michael Burns</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center">*</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">Director</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">December 13, 2016</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">Gordon Crawford </TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center">*</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">Director</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">December 13, 2016</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">Arthur Evrensel</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center">*</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">Chief Executive Officer&nbsp;<I>(Principal Executive Officer)</I>&nbsp;and Director</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">December 13, 2016</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">Jon Feltheimer</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center">*</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">Director</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">December 13, 2016</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">Emily Fine</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center">*</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">Director</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">December 13, 2016</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">Michael T. Fries</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center">/s/ Sir Lucian Grainge</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">Director</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">December 13, 2016</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">Sir Lucian Grainge</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center">*</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">Director</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">December 13, 2016</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">Dr. John C. Malone</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center">*</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">Director</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">December 13, 2016</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">G. Scott Paterson</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center">*</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">Chairman of the Board of Directors</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">December 13, 2016</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">Mark H. Rachesky, M.D.</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center">*</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">Director</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">December 13, 2016</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">Daryl Simm</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="font-size: 8pt">
    <TD STYLE="vertical-align: bottom; width: 30%; text-align: center; font-weight: bold; border-bottom: Black 1pt solid; font-size: 8pt">Signature</TD>
    <TD STYLE="vertical-align: top; width: 1%; text-align: center; font-weight: bold; padding-bottom: 1pt; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 38%; text-align: center; font-weight: bold; border-bottom: Black 1pt solid; font-size: 8pt">Title</TD>
    <TD STYLE="vertical-align: top; width: 1%; text-align: center; font-weight: bold; padding-bottom: 1pt; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 30%; text-align: center; font-weight: bold; border-bottom: Black 1pt solid; font-size: 8pt">Date</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center">*</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">Director</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">December 13, 2016</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">Hardwick Simmons</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center">*</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">Director</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">December 13, 2016</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">David M. Zaslav</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 40%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 3%">*By:</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 96%; border-bottom: black 1pt solid">/s/ Wayne Levin</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">Wayne Levin</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><I>Attorney-in-Fact</I></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>


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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font-size: 8pt">
    <TD STYLE="vertical-align: bottom; width: 10%; font-size: 8pt">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; border-bottom: Black 0.5pt solid; margin-bottom: 0; text-align: left"><B>Exhibit
        No.</B></P></TD>
    <TD STYLE="vertical-align: top; width: 1%; font-size: 8pt">
</TD>
    <TD STYLE="vertical-align: bottom; width: 89%; font-size: 8pt">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Description</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">5.1</TD>
    <TD>&nbsp;</TD>
    <TD>Opinion of Dentons Canada LLP</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">23.1</TD>
    <TD>&nbsp;</TD>
    <TD>Consent of Dentons Canada LLP (included in Exhibit 5.1 hereto)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">23.2</TD>
    <TD>&nbsp;</TD>
    <TD>Consent of Ernst &amp; Young LLP, Independent Registered Public Accounting Firm (with respect to financial statements of Lions Gate Entertainment Corp.)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">23.3</TD>
    <TD>&nbsp;</TD>
    <TD>Consent of Ernst &amp; Young LLP, Independent Auditors (with respect to financial statements of Pop Media Group, LLC)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">23.4</TD>
    <TD>&nbsp;</TD>
    <TD>Consent of PricewaterhouseCoopers LLP, Independent Auditors (with respect to financial statements of Studio 3
    Partners      LLC)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">23.5</TD>
    <TD>&nbsp;</TD>
    <TD>Consent of KPMG LLP, Independent Registered Public Accounting Firm (with respect to financial statements of Starz)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">24.1</TD>
    <TD>&nbsp;</TD>
    <TD>Power of Attorney (previously included on the signature page to the Registration Statement on Form S-4 (File No. 333-212792), filed with the SEC on August 1, 2016)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">99.1</TD>
    <TD>&nbsp;</TD>
    <TD>Starz 2011 Incentive Plan</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">99.2</TD>
    <TD>&nbsp;</TD>
    <TD>Starz 2011 Nonemployee Director Plan </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">99.3</TD>
    <TD>&nbsp;</TD>
    <TD>Starz 2016 Omnibus Incentive Plan </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>t1602871_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="margin: 0; text-align: right"><B>Exhibit 5.1</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt"><IMG SRC="t1602871_ex5-1.jpg" ALT="">&nbsp;</TD>
    <TD STYLE="width: 30%; padding-right: 0.2in">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dentons Canada LLP</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">20th Floor, 250 Howe Street<BR>
        Vancouver, BC, Canada V6C 3R8</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">T +1 604 687 4460</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">F +1 604 683 5214</P></TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; font-size: 10pt">December 8, 2016 &nbsp;&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">Lions Gate Entertainment Corp.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; font-size: 10pt"><B>Re:</B></TD>
    <TD STYLE="width: 93%; font-size: 10pt"><B>POST-EFFECTIVE AMENDMENT NO. 1 ON FORM S-8 TO FORM S-4 REGISTRATION STATEMENT</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have acted as Canadian counsel to Lions
Gate Entertainment Corp., a company existing under the laws of British Columbia (the &ldquo;Company&rdquo;) in connection with
the preparation of Post-Effective Amendment No. 1 on Form S-8 to the Registration Statement on Form S-4 (Registration No. 333-212792)
(the &ldquo;Registration Statement&rdquo;) filed by the Company with the Securities and Exchange Commission under the Securities
Act of 1933, as amended, relating to the registration of Class B non-voting shares of the Company (the &ldquo;Non-voting Shares&rdquo;)
issuable upon the exercise of stock options, restricted stock unit awards and restricted stock awards (granted pursuant to terms
of the Starz 2011 Incentive Plan, Starz 2011 Nonemployee Director Plan and Starz 2016 Omnibus Incentive Plan (collectively, the
&ldquo;Starz Plans&rdquo;)) and held by Starz employees, which were assumed by the Company in connection with the Merger (as defined
below). All such shares were previously registered on the Form S-4 but will be subject to issuance pursuant to the Post-Effective
Amendment No 1.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 8, 2016, the Company, Starz
and Orion Arm Acquisition Inc., a wholly owned subsidiary of the Company (&ldquo;Merger Sub&rdquo;), consummated the merger (the
&ldquo;Merger&rdquo;) of Merger Sub with and into Starz, with Starz continuing as the surviving corporation and becoming an indirect
wholly-owned subsidiary of the Company pursuant to that certain agreement and plan of merger dated June 30, 2016 (as amended, the
&ldquo;Merger Agreement&rdquo;) by and among the Company, Starz and Merger Sub.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In our capacity as such counsel, we have
examined originals or copies, certified or otherwise identified to our satisfaction, of such corporate and other records and documents
as we considered appropriate including, without limitation:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">a)</TD><TD STYLE="text-align: justify">the Registration Statement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">b)</TD><TD STYLE="text-align: justify">the Post-Effective Amendment No. 1;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">c)</TD><TD STYLE="text-align: justify">the Merger Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">d)</TD><TD STYLE="text-align: justify">the Notice of Articles and the Articles of the Company, as currently in effect;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">e)</TD><TD STYLE="text-align: justify">certified resolutions and minutes of a meeting of the Company&rsquo;s board of directors dated
June 23, 2016 relating to, among other things, the Merger Agreement; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">f)</TD><TD STYLE="text-align: justify">certified minutes of a meeting of the Company&rsquo;s shareholders held on December 7, 2016.</TD></TR></TABLE>

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


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

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 31%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 29%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">December 8, 2016</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 2</P></TD>
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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">Our opinion expressed herein is limited
to the current laws of the Province of British Columbia and those federal laws of Canada applicable therein and should not be relied
upon, nor are they given, in respect of the laws of any other jurisdiction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the opinion expressed
herein, we have considered such questions of law and examined such statutes, public and corporate records, certificates of governmental
authorities and officers of the Company and other documents and conducted such other examinations as we have considered necessary
for the purpose of our opinion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the purposes of the opinion expressed
herein, we have assumed, with respect to all documents examined by us, the genuineness of all signatures, the authenticity of all
documents submitted to us as originals and the conformity to authentic original documents of all documents submitted to us as certified,
conformed, telecopied or photostatic copies.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On the basis of the foregoing, we are of
the opinion that upon issuance in accordance with the terms of the Starz Plans, including receipt by the Company of the consideration
therefor, the Non-voting Shares issuable to Starz employees thereunder will be validly issued and outstanding as fully paid and
non-assessable shares of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We hereby consent to the filing of this
opinion as an exhibit to the Post-Effective Amendment No. 1 to the Registration Statement.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 46%; font-size: 10pt; text-align: justify">Yours truly,</TD>
    <TD STYLE="width: 54%; font-size: 10pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify"><FONT STYLE="font-weight: normal; font-style: normal">/s/
    Dentons Canada LLP</FONT></TD>
    <TD STYLE="text-align: justify; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Dentons Canada LLP</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>3
<FILENAME>t1602871_ex23-2.htm
<DESCRIPTION>EXHIBIT 23.2
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 23.2</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Consent of Independent
Registered Public Accounting Firm</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">We consent to the
incorporation by reference in the Post-Effective Amendment No. 1 on Form S-8 to Form S-4 Registration Statement (No.
333-212792) pertaining to Class B non-voting shares of Lions Gate Entertainment Corp. of our reports dated May 25, 2016, with
respect to the consolidated financial statements and schedule of Lions Gate Entertainment Corp., and the effectiveness of
internal control over financial reporting of Lions Gate Entertainment Corp., included in its Annual Report (Form 10-K) for the
year ended March 31, 2016, filed with the Securities and Exchange Commission.</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: left">/s/ Ernst&nbsp;&amp; Young&nbsp;LLP</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Los Angeles, California<BR>
December 9, 2016</P>

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

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<DOCUMENT>
<TYPE>EX-23.3
<SEQUENCE>4
<FILENAME>t1602871_ex23-3.htm
<DESCRIPTION>EXHIBIT 23.3
<TEXT>
<HTML>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="margin: 0; text-align: right"><B>Exhibit 23.3</B></P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Consent of Independent
Auditors</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">We consent to the
incorporation by reference in the Post-Effective Amendment No. 1 on Form S-8 to Form S-4 Registration Statement (No.
333-212792) pertaining to Class B non-voting shares of Lions Gate Entertainment Corp. of our report dated May 24, 2016, with
respect to the consolidated financial statements of Pop Media Group, LLC, included in Lions Gate Entertainment Corp.&rsquo;s
Annual Report (Form 10-K) for the year ended March 31, 2016, filed with the Securities and Exchange Commission.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-indent: 0.5in; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: left">/s/ Ernst&nbsp;&amp; Young&nbsp;LLP</TD></TR>
</TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Los Angeles, California<BR>
December 8, 2016</P>

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

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

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

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<TYPE>EX-23.4
<SEQUENCE>5
<FILENAME>t1602871_ex23-4.htm
<DESCRIPTION>EXHIBIT 23.4
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right"><B>Exhibit 23.4</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>CONSENT OF INDEPENDENT ACCOUNTANTS</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">We hereby consent to the incorporation by reference in this
Post-Effective Amendment No. 1 on Form S-8 to the Registration Statement on Form S-4 of Lions Gate Entertainment Corp. of our report
dated December 21, 2015, relating to the financial statements of Studio 3 Partners LLC, which appears in Lions Gate Entertainment
Corp.&#8217;s Annual Report on Form 10-K for the year ended March 31, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><BR>
/s/ PricewaterhouseCoopers LLP<BR>
PricewaterhouseCoopers LLP<BR>
New York, New York<BR>
December 12, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P>


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<DOCUMENT>
<TYPE>EX-23.5
<SEQUENCE>6
<FILENAME>t1602871_ex23-5.htm
<DESCRIPTION>EXHIBIT 23.5
<TEXT>
<HTML>
<HEAD>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6.45pt 0 0; text-align: right"><B>Exhibit 23.5&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6.45pt 0 0; text-align: center"><B>Consent of Independent Registered
Public Accounting Firm </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0">We consent to the incorporation by reference in this Post-Effective
Amendment No. 1 on Form S-8 to Form S-4 Registration Statement (No. 333-212792) of our reports dated February 25, 2016, with respect
to the consolidated balance sheets of Starz and subsidiaries as of December 31, 2015 and 2014, and the related consolidated statements
of operations, comprehensive income, cash flows, and equity for each of the years in the three-year period ended December 31, 2015,
and the effectiveness of internal control over financial reporting as of December 31, 2015 which reports appear in the December
31, 2015 annual report on Form 10-K of Starz, which was incorporated by reference in Lions Gate Entertainment Corp.&rsquo;s Form
8-K (No. 001-14880).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">/s/ KPMG LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">Denver, Colorado</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">December 13, 2016</P>

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<TYPE>EX-99.1
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<FILENAME>t1602871_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 11pt"><B>Exhibit 99.1</B></FONT></P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2011 INCENTIVE PLAN</B></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Amended and Restated as of October 15,
2013)</B></P>

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PURPOSE OF PLAN; EFFECTIVE DATE</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Purpose</I>.&nbsp;&nbsp;The
purpose of the Plan is to promote the success of the Company by providing a method whereby (i) eligible employees of the Company
and its Subsidiaries and (ii) independent contractors providing services to the Company and its Subsidiaries may be awarded additional
remuneration for services rendered and may be encouraged to invest in capital stock of the Company, thereby increasing their proprietary
interest in the Company&rsquo;s businesses, encouraging them to remain in the employ or service of the Company or its Subsidiaries,
and increasing their personal interest in the continued success and progress of the Company and its Subsidiaries.&nbsp;&nbsp;The
Plan is also intended to aid in (i) attracting Persons of exceptional ability to become officers and employees of the Company and
its Subsidiaries and (ii) inducing independent contractors to agree to provide services to the Company and its Subsidiaries.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Amendment
and Restatement of Plan</I>.&nbsp;&nbsp;The Plan is hereby amended and restated effective October 15, 2013 by the Compensation
Committee of the Board of Directors of the Company, to make certain clarifying changes throughout the Plan and to incorporate all
amendments made to the Plan since the Effective Date.</P>

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">DEFINITIONS</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Certain
Defined Terms</I>.&nbsp;&nbsp;Capitalized terms not defined elsewhere in the Plan shall have the following meanings (whether used
in the singular or plural):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Account&rdquo; has the meaning ascribed
thereto in Section 8.2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Affiliate&rdquo; of the Company means
any corporation, partnership or other business association that, directly or indirectly, through one or more intermediaries, controls,
is controlled by, or is under common control with the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Agreement&rdquo; means a stock option
agreement, stock appreciation rights agreement, restricted shares agreement, restricted stock units agreement, cash award agreement
or an agreement evidencing more than one type of Award, specified in Section 10.5, as any such Agreement may be supplemented or
amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Approved Transaction&rdquo; means
any transaction in which the Board (or, if approval of the Board is not required as a matter of law, the stockholders of the Company)
shall approve (i) any consolidation or merger of the Company, or binding share exchange, pursuant to which shares of Common Stock
of the Company would be changed or converted into or exchanged for cash, securities, or other property, other than any such transaction
in which the common stockholders of the Company immediately prior to such transaction have the same proportionate ownership of
the Common Stock of, and voting power with respect to, the surviving corporation immediately after such transaction, (ii) any merger,
consolidation or binding share exchange to which the Company is a party as a result of which the Persons who are common stockholders
of the Company immediately prior thereto have less than a majority of the combined voting power of the outstanding capital stock
of the Company ordinarily (and apart from the rights accruing under special circumstances) having the right to vote in the election
of directors immediately following such merger, consolidation or binding share exchange, (iii) the adoption of any plan or proposal
for the liquidation or dissolution of the Company, or (iv) any sale, lease, exchange or other transfer (in one transaction or a
series of related transactions) of all, or substantially all, of the assets of the Company.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Award&rdquo; means a grant of Options,
SARs, Restricted Shares, Restricted Stock Units, Performance Awards, Cash Awards and/or cash amounts under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Board&rdquo; means the Board of Directors
of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Board Change&rdquo; means, during
any period of two consecutive years, individuals who at the beginning of such period constituted the entire Board cease for any
reason to constitute a majority thereof unless the election, or the nomination for election, of each new director was approved
by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Cash Award&rdquo; means an Award made
pursuant to Section 9.1 of the Plan to a Holder that is paid solely on account of the attainment of one or more Performance Objectives
that have been preestablished by the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Code&rdquo; means the Internal Revenue
Code of 1986, as amended from time to time, or any successor statute or statutes thereto.&nbsp;&nbsp;Reference to any specific
Code section shall include any successor section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Committee&rdquo; means the committee
of the Board appointed pursuant to Section 3.1 to administer the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Common Stock&rdquo; means each or
any (as the context may require) series of the Company&rsquo;s common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Company&rdquo; means Starz (f/k/a
Liberty Media Corporation), a Delaware corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Control Purchase&rdquo; means any
transaction (or series of related transactions) in which any person (as such term is defined in Sections 13(d)(3) and 14(d)(2)
of the Exchange Act), corporation or other entity (other than the Company, any Subsidiary of the Company or any employee benefit
plan sponsored by the Company or any Subsidiary of the Company or any Exempt Person (as defined below)) shall become the &ldquo;beneficial
owner&rdquo; (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company
representing 20% or more of the combined voting power of the then outstanding securities of the Company ordinarily (and apart from
the rights accruing under special circumstances) having the right to vote in the election of directors (calculated as provided
in Rule 13d-3(d) under the Exchange Act in the case of rights to acquire the Company&rsquo;s securities), other than in a transaction
(or series of related transactions) approved by the Board.&nbsp;&nbsp;For purposes of this definition, &ldquo;Exempt Person&rdquo;
means each of (a) the Chairman of the Board, the President and each of the directors of the Company as of the Redemption Date,
and (b) the respective family members, estates and heirs of each of the Persons referred to in clause (a) above and any trust or
other investment vehicle for the primary benefit of any of such Persons or their respective family members or heirs.&nbsp;&nbsp;As
used with respect to any Person, the term &ldquo;family member&rdquo; means the spouse, siblings and lineal descendants of such
Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Disability&rdquo; means the inability
to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be
expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Dividend Equivalents&rdquo; means,
with respect to Restricted Stock Units, to the extent specified by the Committee only, an amount equal to all dividends and other
distributions (or the economic equivalent thereof) which are payable to stockholders of record during the Restriction Period on
a like number and kind of shares of Common Stock.&nbsp;&nbsp;Notwithstanding any provision of the Plan to the contrary, Dividend
Equivalents with respect to a Performance Award may only be paid to the extent the Performance Award is actually paid to the Holder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Domestic Relations Order&rdquo; means
a domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security Act of 1974, or the rules
thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Effective Date&rdquo; means the Redemption
Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Equity Security&rdquo; shall have
the meaning ascribed to such term in Section 3(a)(11) of the Exchange Act, and an equity security of an issuer shall have the meaning
ascribed thereto in Rule 16a-1 promulgated under the Exchange Act, or any successor Rule.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Exchange Act&rdquo; means the Securities
Exchange Act of 1934, as amended from time to time, or any successor statute or statutes thereto.&nbsp;&nbsp;Reference to any specific
Exchange Act section shall include any successor section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Fair Market Value&rdquo; of a share
of any series of Common Stock on any day means (i) for Option and SAR exercise transactions effected on any third-party incentive
award administration system provided by the Company, the current high bid price of a share of any series of Common Stock as reported
on the consolidated transaction reporting system on the principal national securities exchange on which shares of such series of
Common Stock are listed on such day or if such shares are not then listed on a national securities exchange, then as quoted by
Pink OTC Markets Inc., or (ii) for all other purposes under this Plan, the last sale price (or, if no last sale price is reported,
the average of the high bid and low asked prices) for a share of such series of Common Stock on such day (or, if such day is not
a trading day, on the next preceding trading day) as reported on the consolidated transaction reporting system for the principal
national securities exchange on which shares of such series of Common Stock are listed on such day or if such shares are not then
listed on a national securities exchange, then as quoted by Pink OTC Markets Inc.&nbsp;&nbsp;If for any day the Fair Market Value
of a share of the applicable series of Common Stock is not determinable by any of the foregoing means, then the Fair Market Value
for such day shall be determined in good faith by the Committee on the basis of such quotations and other considerations as the
Committee deems appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Free Standing SAR&rdquo; has the meaning
ascribed thereto in Section 7.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Holder&rdquo; means a Person who has
received an Award under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Option&rdquo; means a stock option
granted under Article VI.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Performance Award&rdquo; means an
Award made pursuant to Article IX of the Plan to a Holder that is subject to the attainment of one or more Performance Objectives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Performance Objective&rdquo; means
a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Person&rdquo; means an individual,
corporation, limited liability company, partnership, trust, incorporated or unincorporated association, joint venture or other
entity of any kind.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Plan&rdquo; means this Starz 2011
Incentive Plan (amended and restated as of October 15, 2013).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Redemption&rdquo; means the redemption
by Liberty Interactive Corporation (f/k/a Liberty Media Corporation) of all of the outstanding shares of each series of its former
Liberty Capital Common Stock and Liberty Starz Common Stock for shares of the Company&rsquo;s former Capital Common Stock and Starz
Common Stock, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Redemption Date&rdquo; means 5:00
p.m., New York City time, on September 23, 2011 (the date on which the Redemption occurred).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Restricted Shares&rdquo; means shares
of any series of Common Stock awarded pursuant to Section 8.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Restricted Stock Unit&rdquo; means
a unit evidencing the right to receive in specified circumstances one share of the specified series of Common Stock or the equivalent
value in cash, which right is subject to a Restriction Period or forfeiture provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63.35pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63.35pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63.35pt">&ldquo;Restriction Period&rdquo; means
a period of time beginning on the date of each Award of Restricted Shares or Restricted Stock Units and ending on the Vesting Date
with respect to such Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Retained Distribution&rdquo; has the
meaning ascribed thereto in Section 8.3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;SARs&rdquo; means stock appreciation
rights, awarded pursuant to Article VII, with respect to shares of any specified series of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Subsidiary&rdquo; of a Person means
any present or future subsidiary (as defined in Section 424(f) of the Code) of such Person or any business entity in which such
Person owns, directly or indirectly, 50% or more of the voting, capital or profits interests.&nbsp;&nbsp;An entity shall be deemed
a subsidiary of a Person for purposes of this definition only for such periods as the requisite ownership or control relationship
is maintained.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Tandem SARs&rdquo; has the meaning
ascribed thereto in Section 7.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&ldquo;Vesting Date,&rdquo; with respect
to any Restricted Shares or Restricted Stock Units awarded hereunder, means the date on which such Restricted Shares or Restricted
Stock Units cease to be subject to a risk of forfeiture, as designated in or determined in accordance with the Agreement with respect
to such Award of Restricted Shares or Restricted Stock Units pursuant to Article VIII.&nbsp;&nbsp;If more than one Vesting Date
is designated for an Award of Restricted Shares or Restricted Stock Units, reference in the Plan to a Vesting Date in respect of
such Award shall be deemed to refer to each part of such Award and the Vesting Date for such part.</P>

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ADMINISTRATION</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Committee</I>.&nbsp;&nbsp;The
Plan shall be administered by the Compensation Committee of the Board unless a different committee is appointed by the Board.&nbsp;&nbsp;The
Committee shall be comprised of not less than two Persons.&nbsp;&nbsp;The Board may from time to time appoint members of the Committee
in substitution for or in addition to members previously appointed, may fill vacancies in the Committee and may remove members
of the Committee.&nbsp;&nbsp;The Committee shall select one of its members as its chairman and shall hold its meetings at such
times and places as it shall deem advisable.&nbsp;&nbsp;A majority of its members shall constitute a quorum and all determinations
shall be made by a majority of such quorum.&nbsp;&nbsp;Any determination reduced to writing and signed by all of the members shall
be as fully effective as if it had been made by a majority vote at a meeting duly called and held.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Powers</I>.&nbsp;&nbsp;The
Committee shall have full power and authority to grant to eligible Persons Options under Article VI of the Plan, SARs under Article
VII of the Plan, Restricted Shares under Article VIII of the Plan, Restricted Stock Units under Article VIII of the Plan, Cash
Awards under Article IX of the Plan and/or Performance Awards under Article IX of the Plan, to determine the terms and conditions
(which need not be identical) of all Awards so granted, to interpret the provisions of the Plan and any Agreements relating to
Awards granted under the Plan and to supervise the administration of the Plan.&nbsp;&nbsp;The Committee in making an Award may
provide for the granting or issuance of additional, replacement or alternative Awards upon the occurrence of specified events,
including the exercise of the original Award.&nbsp;&nbsp;The Committee shall have sole authority in the selection of Persons to
whom Awards may be granted under the Plan and in the determination of the timing, pricing and amount of any such Award, subject
only to the express provisions of the Plan.&nbsp;&nbsp;In making determinations hereunder, the Committee may take into account
the nature of the services rendered by the respective employees and independent contractors, their present and potential contributions
to the success of the Company and its Subsidiaries, and such other factors as the Committee in its discretion deems relevant.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Interpretation</I>.&nbsp;&nbsp;The
Committee is authorized, subject to the provisions of the Plan, to establish, amend and rescind such rules and regulations as it
deems necessary or advisable for the proper administration of the Plan and to take such other action in connection with or in relation
to the Plan as it</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">deems necessary or advisable.&nbsp;&nbsp;Each action and determination
made or taken pursuant to the Plan by the Committee, including any interpretation or construction of the Plan, shall be final and
conclusive for all purposes and upon all Persons.&nbsp;&nbsp;No member of the Committee shall be liable for any action or determination
made or taken by such member or the Committee in good faith with respect to the Plan.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE IV</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">SHARES SUBJECT TO THE PLAN</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Number
of Shares</I>.&nbsp;&nbsp;Subject to the provisions of this Article IV, the maximum number of shares of Common Stock with respect
to which Awards may be granted during the term of the Plan shall be 23,834,000 shares.&nbsp;&nbsp;Shares of Common Stock will be
made available from the authorized but unissued shares of the Company or from shares reacquired by the Company, including shares
purchased in the open market.&nbsp;&nbsp;The shares of Common Stock subject to (i) any Award granted under the Plan that shall
expire, terminate or be cancelled or annulled for any reason without having been exercised (or considered to have been exercised
as provided in Section 7.2), (ii) any Award of any SARs granted under the Plan the terms of which provide for settlement in cash,
and (iii) any Award of Restricted Shares or Restricted Stock Units that shall be forfeited prior to becoming vested (provided that
the Holder received no benefits of ownership of such Restricted Shares or Restricted Stock Units other than voting rights and the
accumulation of Retained Distributions and unpaid Dividend Equivalents that are likewise forfeited) shall again be available for
purposes of the Plan.&nbsp;&nbsp;Notwithstanding the foregoing, the following shares of Common Stock may not again be made available
for issuance as Awards under the Plan: (a) shares of Common Stock not issued or delivered as a result of the net settlement of
an outstanding Option or SAR, (b) shares of Common Stock used to pay the purchase price or withholding taxes related to an outstanding
Award, or (c) shares of Common Stock repurchased on the open market with the proceeds of an Option purchase price.&nbsp;&nbsp;Except
for Awards described in Section 10.1, no Person may be granted in any calendar year Awards covering more than 7,627,000 shares
of Common Stock (as such amount may be adjusted from time to time as provided in Section 4.2).&nbsp;&nbsp;No Person shall receive
payment for Cash Awards during any calendar year aggregating in excess of $10 million.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Adjustments</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Company subdivides its outstanding shares of any series of Common Stock into a greater number of shares of such series of Common
Stock (by stock dividend, stock split, reclassification, or otherwise) or combines its outstanding shares of any series of Common
Stock into a smaller number of shares of such series of Common Stock (by reverse stock split, reclassification, or otherwise) or
if the Committee determines that any stock dividend, extraordinary cash dividend, reclassification, recapitalization, reorganization,
stock redemption, split-up, spin-off, combination, exchange of shares, warrants or rights offering to purchase such series of Common
Stock or other similar corporate event (including mergers or consolidations other than those which constitute Approved Transactions,
adjustments with respect to which shall be governed by Section 10.1(b)) affects any series of Common Stock so that an adjustment
is required to preserve the benefits or potential benefits intended to be made available under the Plan, then the Committee, in
such manner as the Committee, in its sole discretion, deems equitable and appropriate, shall make such adjustments to any or all
of (i) the number and kind of shares of stock which thereafter may be awarded, optioned or otherwise made subject to the benefits
contemplated by the Plan, (ii) the number and kind of shares of stock subject to outstanding Awards, and (iii) the purchase or
exercise price and the relevant appreciation base with respect to any of the foregoing, <I>provided, however, </I>that the number
of shares subject to any Award shall always be a whole number.&nbsp;&nbsp;The Committee may, if deemed appropriate, provide for
a cash payment to any Holder of an Award in connection with any adjustment made pursuant to this Section 4.2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
any provision of the Plan to the contrary, in the event of a corporate merger, consolidation, acquisition of property or stock,
separation, reorganization or liquidation, the Committee shall be authorized, in its discretion, (i) to provide, prior to the transaction,
for the</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">acceleration of the vesting and exercisability of, or lapse
of restrictions with respect to, the Award and, if the transaction is a cash merger, provide for the termination of any portion
of the Award that remains unexercised at the time of such transaction, or (ii) to cancel any such Awards and to deliver to the
Holders cash in an amount that the Committee shall determine in its sole discretion is equal to the fair market value of such Awards
on the date of such event, which in the case of Options or SARs shall be the excess of the Fair Market Value (as determined in
sub-section (ii) of the definition of such term) of Common Stock on such date over the purchase price of the Options or the base
price of the SARs, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
adjustment or substitution pursuant to this Section 4.2 shall be made in a manner that results in noncompliance with the requirements
of Section 409A of the Code, to the extent applicable.</P>

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ELIGIBILITY</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>General</I>.&nbsp;&nbsp;The
Persons who shall be eligible to participate in the Plan and to receive Awards under the Plan shall, subject to Section 5.2, be
such Persons who are employees (including officers and directors) of or independent contractors providing services to the Company
or its Subsidiaries as the Committee shall select.&nbsp;&nbsp;Awards may be made to employees or independent contractors who hold
or have held Awards under the Plan or any similar or other awards under any other plan of the Company or any of its Affiliates.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Ineligibility</I>.&nbsp;&nbsp;No
member of the Committee, while serving as such, shall be eligible to receive an Award.</P>

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">STOCK OPTIONS</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Grant
of Options</I>.&nbsp;&nbsp;Subject to the limitations of the Plan, the Committee shall designate from time to time those eligible
Persons to be granted Options, the time when each Option shall be granted to such eligible Persons, the series and number of shares
of Common Stock subject to such Option, and, subject to Section 6.2, the purchase price of the shares of Common Stock subject to
such Option.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Option
Price.&nbsp;&nbsp;</I>The price at which shares may be purchased upon exercise of an Option shall be fixed by the Committee and
may be no less than the Fair Market Value of the shares of the applicable series of Common Stock subject to the Option as of the
date the Option is granted.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Term
of Options.&nbsp;&nbsp;</I>Subject to the provisions of the Plan with respect to death, retirement and termination of employment,
the term of each Option shall be for such period as the Committee shall determine as set forth in the applicable Agreement; provided
that such term may not exceed ten years.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">6.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Exercise
of Options</I>.&nbsp;&nbsp;An Option granted under the Plan shall become (and remain) exercisable during the term of the Option
to the extent provided in the applicable Agreement and the Plan and, unless the Agreement otherwise provides, may be exercised
to the extent exercisable, in whole or in part, at any time and from time to time during such term; <I>provided, however,</I> that
subsequent to the grant of an Option, the Committee, at any time before complete termination of such Option, may accelerate the
time or times at which such Option may be exercised in whole or in part (without reducing the term of such Option).</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Manner
of Exercise</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Form
of Payment.&nbsp;&nbsp;</I>An Option shall be exercised by written notice to the Company upon such terms and conditions as the
Agreement may provide and in accordance with such other procedures for the exercise of Options as the Committee may establish from
time to time.&nbsp;&nbsp;The method or methods of payment of the purchase price for the shares to be purchased upon exercise of
an Option and</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">of any amounts required by Section 10.9 shall be determined
by the Committee and may consist of (i) cash, (ii) check, (iii) promissory note (subject to applicable law), (iv) whole shares
of any series of Common Stock, (v) the withholding of shares of the applicable series of Common Stock issuable upon such exercise
of the Option, (vi) the delivery, together with a properly executed exercise notice, of irrevocable instructions to a broker to
deliver promptly to the Company the amount of sale or loan proceeds required to pay the purchase price, or (vii) any combination
of the foregoing methods of payment, or such other consideration and method of payment as may be permitted for the issuance of
shares under the Delaware General Corporation Law.&nbsp;&nbsp;The permitted method or methods of payment of the amounts payable
upon exercise of an Option, if other than in cash, shall be set forth in the applicable Agreement and may be subject to such conditions
as the Committee deems appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Value
of Shares</I>.&nbsp;&nbsp;Unless otherwise determined by the Committee and provided in the applicable Agreement, shares of any
series of Common Stock delivered in payment of all or any part of the amounts payable in connection with the exercise of an Option,
and shares of any series of Common Stock withheld for such payment, shall be valued for such purpose at their Fair Market Value
as of the exercise date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Issuance
of Shares</I>.&nbsp;&nbsp;The Company shall effect the transfer of the shares of Common Stock purchased under the Option as soon
as practicable after the exercise thereof and payment in full of the purchase price therefor and of any amounts required by Section
10.9, and within a reasonable time thereafter, such transfer shall be evidenced on the books of the Company.&nbsp;&nbsp;Unless
otherwise determined by the Committee and provided in the applicable Agreement, (i) no Holder or other Person exercising an Option
shall have any of the rights of a stockholder of the Company with respect to shares of Common Stock subject to an Option granted
under the Plan until due exercise and full payment has been made, and (ii) no adjustment shall be made for cash dividends or other
rights for which the record date is prior to the date of such due exercise and full payment.</P>

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SARS</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Grant
of SARs</I>.&nbsp;&nbsp;Subject to the limitations of the Plan, SARs may be granted by the Committee to such eligible Persons in
such numbers, with respect to any specified series of Common Stock, and at such times during the term of the Plan as the Committee
shall determine. A SAR may be granted to a Holder of an Option (hereinafter called a &ldquo;related Option&rdquo;) with respect
to all or a portion of the shares of Common Stock subject to the related Option (a &ldquo;Tandem SAR&rdquo;) or may be granted
separately to an eligible employee (a &ldquo;Free Standing SAR&rdquo;). Subject to the limitations of the Plan, SARs shall be exercisable
in whole or in part upon notice to the Company upon such terms and conditions as are provided in the Agreement.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Tandem
SARs.&nbsp;&nbsp;</I>A Tandem SAR may be granted either concurrently with the grant of the related Option or at any time thereafter
prior to the complete exercise, termination, expiration or cancellation of such related Option.&nbsp;&nbsp;Tandem SARs shall be
exercisable only at the time and to the extent that the related Option is exercisable (and may be subject to such additional limitations
on exercisability as the Agreement may provide) and in no event after the complete termination or full exercise of the related
Option.&nbsp;&nbsp;Upon the exercise or termination of the related Option, the Tandem SARs with respect thereto shall be canceled
automatically to the extent of the number of shares of Common Stock with respect to which the related Option was so exercised or
terminated. Subject to the limitations of the Plan, upon the exercise of a Tandem SAR and unless otherwise determined by the Committee
and provided in the applicable Agreement, (i) the Holder thereof shall be entitled to receive from the Company, for each share
of the applicable series of Common Stock with respect to which the Tandem SAR is being exercised, consideration (in the form determined
as provided in Section 7.4) equal in value to the excess of the Fair Market Value of a share of the applicable series of Common
Stock with respect to which the Tandem SAR was granted on the date of exercise over the related Option purchase price per share,
and (ii) the related Option with respect thereto shall be canceled automatically to the</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">extent of the number of shares of Common Stock with respect
to which the Tandem SAR was so exercised.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Free
Standing SARs</I>.&nbsp;&nbsp;Free Standing SARs shall be exercisable at the time, to the extent and upon the terms and conditions
set forth in the applicable Agreement.&nbsp;&nbsp;The base price of a Free Standing SAR may be no less than the Fair Market Value
of the applicable series of Common Stock with respect to which the Free Standing SAR was granted as of the date the Free Standing
SAR is granted.&nbsp;&nbsp;Subject to the limitations of the Plan, upon the exercise of a Free Standing SAR and unless otherwise
determined by the Committee and provided in the applicable Agreement, the Holder thereof shall be entitled to receive from the
Company, for each share of the applicable series of Common Stock with respect to which the Free Standing SAR is being exercised,
consideration (in the form determined as provided in Section 7.4) equal in value to the excess of the Fair Market Value of a share
of the applicable series of Common Stock with respect to which the Free Standing SAR was granted on the date of exercise over the
base price per share of such Free Standing SAR.&nbsp;&nbsp;The term of a Free Standing SAR may not exceed ten years.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Consideration</I>.&nbsp;&nbsp;The
consideration to be received upon the exercise of a SAR by the Holder shall be paid in cash, shares of the applicable series of
Common Stock with respect to which the SAR was granted (valued at Fair Market Value on the date of exercise of such SAR), a combination
of cash and such shares of the applicable series of Common Stock or such other consideration, in each case, as provided in the
Agreement.&nbsp;&nbsp;No fractional shares of Common Stock shall be issuable upon exercise of a SAR, and unless otherwise provided
in the applicable Agreement, the Holder will receive cash in lieu of fractional shares.&nbsp;&nbsp;Unless the Committee shall otherwise
determine, to the extent a Free Standing SAR is exercisable, it will be exercised automatically for cash on its expiration date.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">7.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Limitations</I>.&nbsp;&nbsp;The
applicable Agreement may provide for a limit on the amount payable to a Holder upon exercise of SARs at any time or in the aggregate,
for a limit on the number of SARs that may be exercised by the Holder in whole or in part for cash during any specified period,
for a limit on the time periods during which a Holder may exercise SARs, and for such other limits on the rights of the Holder
and such other terms and conditions of the SAR, including a condition that the SAR may be exercised only in accordance with rules
and regulations adopted from time to time, as the Committee may determine.&nbsp;&nbsp;Unless otherwise so provided in the applicable
Agreement, any such limit relating to a Tandem SAR shall not restrict the exercisability of the related Option.&nbsp;&nbsp;Such
rules and regulations may govern the right to exercise SARs granted prior to the adoption or amendment of such rules and regulations
as well as SARs granted thereafter.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">7.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Exercise</I>.&nbsp;&nbsp;For
purposes of this Article VII, the date of exercise of a SAR shall mean the date on which the Company shall have received notice
from the Holder of the SAR of the exercise of such SAR (unless otherwise determined by the Committee and provided in the applicable
Agreement).</P>

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">RESTRICTED SHARES AND RESTRICTED STOCK UNITS</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">8.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Grant
of Restricted Shares</I>.&nbsp;&nbsp;Subject to the limitations of the Plan, the Committee shall designate those eligible Persons
to be granted Awards of Restricted Shares, shall determine the time when each such Award shall be granted, and shall designate
(or set forth the basis for determining) the Vesting Date or Vesting Dates for each Award of Restricted Shares, and may prescribe
other restrictions, terms and conditions applicable to the vesting of such Restricted Shares in addition to those provided in the
Plan.&nbsp;&nbsp;The Committee shall determine the price, if any, to be paid by the Holder for the Restricted Shares; <I>provided,
however,</I> that the issuance of Restricted Shares shall be made for at least the minimum consideration necessary to permit such
Restricted Shares to be deemed fully paid and nonassessable.&nbsp;&nbsp;All determinations made by the Committee pursuant to this
Section 8.1 shall be specified in the Agreement.</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">8.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Issuance
of Restricted Shares</I>.&nbsp;&nbsp;An Award of Restricted Shares shall be registered in a book entry account (the &ldquo;Account&rdquo;)
in the name of the Holder to whom such Restricted Shares shall have been awarded.&nbsp;&nbsp;During the Restriction Period, the
Account, any certificates representing the Restricted Shares that may be issued during the Restriction Period and any securities
constituting Retained Distributions shall bear a restrictive legend to the effect that ownership of the Restricted Shares (and
such Retained Distributions), and the enjoyment of all rights appurtenant thereto, are subject to the restrictions, terms and conditions
provided in the Plan and the applicable Agreement. Any such certificates shall remain in the custody of the Company or its designee,
and the Holder shall deposit with the custodian stock powers or other instruments of assignment, each endorsed in blank, so as
to permit retransfer to the Company of all or any portion of the Restricted Shares and any securities constituting Retained Distributions
that shall be forfeited or otherwise not become vested in accordance with the Plan and the applicable Agreement.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">8.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Restrictions
with Respect to Restricted Shares</I>.&nbsp;&nbsp;During the Restriction Period, Restricted Shares shall constitute issued and
outstanding shares of the applicable series of Common Stock for all corporate purposes.&nbsp;&nbsp;The Holder will have the right
to vote such Restricted Shares, to receive and retain such dividends and distributions, as the Committee may designate, paid or
distributed on such Restricted Shares, and to exercise all other rights, powers and privileges of a Holder of shares of the applicable
series of Common Stock with respect to such Restricted Shares; <I>except, that</I>, unless otherwise determined by the Committee
and provided in the applicable Agreement, (i) the Holder will not be entitled to delivery of the stock certificate or certificates
representing such Restricted Shares until the Restriction Period shall have expired and unless all other vesting requirements with
respect thereto shall have been fulfilled or waived; (ii) the Company or its designee will retain custody of the stock certificate
or certificates representing the Restricted Shares during the Restriction Period as provided in Section 8.2; (iii) other than such
dividends and distributions as the Committee may designate, the Company or its designee will retain custody of all distributions
(&ldquo;Retained Distributions&rdquo;) made or declared with respect to the Restricted Shares (and such Retained Distributions
will be subject to the same restrictions, terms and vesting, and other conditions as are applicable to the Restricted Shares) until
such time, if ever, as the Restricted Shares with respect to which such Retained Distributions shall have been made, paid or declared
shall have become vested, and such Retained Distributions shall not bear interest or be segregated in a separate account; (iv)
the Holder may not sell, assign, transfer, pledge, exchange, encumber or dispose of the Restricted Shares or any Retained Distributions
or such Holder&rsquo;s interest in any of them during the Restriction Period; and (v) a breach of any restrictions, terms or conditions
provided in the Plan or established by the Committee with respect to any Restricted Shares or Retained Distributions will cause
a forfeiture of such Restricted Shares and any Retained Distributions with respect thereto.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">8.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Grant
of Restricted Stock Units</I>.&nbsp;&nbsp;Subject to the limitations of the Plan, the Committee shall designate those eligible
Persons to be granted Awards of Restricted Stock Units, the value of which is based, in whole or in part, on the Fair Market Value
of the shares of any specified series of Common Stock.&nbsp;&nbsp;Subject to the provisions of the Plan, including any rules established
pursuant to Section 8.5, Awards of Restricted Stock Units shall be subject to such terms, restrictions, conditions, vesting requirements
and payment rules as the Committee may determine in its discretion, which need not be identical for each Award.&nbsp;&nbsp;Such
Awards may provide for the payment of cash consideration by the Person to whom such Award is granted or provide that the Award,
and any shares of Common Stock to be issued in connection therewith, if applicable, shall be delivered without the payment of cash
consideration; provided, however, that the issuance of any shares of Common Stock in connection with an Award of Restricted Stock
Units shall be for at least the minimum consideration necessary to permit such shares to be deemed fully paid and nonassessable.&nbsp;&nbsp;The
determinations made by the Committee pursuant to this Section 8.4 shall be specified in the applicable Agreement.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">8.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Restrictions
with Respect to Restricted Stock Units</I>.&nbsp;&nbsp;Any Award of Restricted Stock Units, including any shares of Common Stock
which are part of an Award of Restricted Stock Units,</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">may not be assigned, sold, transferred, pledged or otherwise
encumbered prior to the date on which the shares are issued or, if later, the date provided by the Committee at the time of the
Award.&nbsp;&nbsp;A breach of any restrictions, terms or conditions provided in the Plan or established by the Committee with respect
to any Award of Restricted Stock Units will cause a forfeiture of such Restricted Stock Units and any Dividend Equivalents with
respect thereto.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">8.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Issuance
of Restricted Stock Units</I>.&nbsp;&nbsp;Restricted Stock Units shall be issued at the beginning of the Restriction Period, shall
not constitute issued and outstanding shares of the applicable series of Common Stock, and the Holder shall not have any of the
rights of a stockholder with respect to the shares of Common Stock covered by such an Award of Restricted Stock Units, in each
case until such shares shall have been issued to the Holder at the end of the Restriction Period.&nbsp;&nbsp;If and to the extent
that shares of Common Stock are to be issued at the end of the Restriction Period, the Holder shall be entitled to receive Dividend
Equivalents with respect to the shares of Common Stock covered thereby either (i) during the Restriction Period or (ii) in accordance
with the rules applicable to Retained Distributions, as the Committee may specify in the Agreement.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">8.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Cash
Payments</I>.&nbsp;&nbsp;In connection with any Award of Restricted Shares or Restricted Stock Units, an Agreement may provide
for the payment of a cash amount to the Holder of such Awards at any time after such Awards shall have become vested.&nbsp;&nbsp;Such
cash amounts shall be payable in accordance with such additional restrictions, terms and conditions as shall be prescribed by the
Committee in the Agreement and shall be in addition to any other salary, incentive, bonus or other compensation payments which
such Holder shall be otherwise entitled or eligible to receive from the Company.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">8.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Completion
of Restriction Period</I>.&nbsp;&nbsp;On the Vesting Date with respect to each Award of Restricted Shares or Restricted Stock Units
and the satisfaction of any other applicable restrictions, terms and conditions, (i) all or the applicable portion of such Restricted
Shares or Restricted Stock Units shall become vested, (ii) any Retained Distributions with respect to such Restricted Shares and
any unpaid Dividend Equivalents with respect to such Restricted Stock Units shall become vested to the extent that the Award related
thereto shall have become vested, and (iii) any cash amount to be received by the Holder with respect to such Restricted Shares
or Restricted Stock Units shall become payable, all in accordance with the terms of the applicable Agreement.&nbsp;&nbsp;Any such
Restricted Shares, Restricted Stock Units, Retained Distributions and any unpaid Dividend Equivalents that shall not become vested
shall be forfeited to the Company, and the Holder shall not thereafter have any rights (including dividend and voting rights) with
respect to such Restricted Shares, Restricted Stock Units, Retained Distributions and any unpaid Dividend Equivalents that shall
have been so forfeited.&nbsp;&nbsp;The Committee may, in its discretion, provide that the delivery of any Restricted Shares, Restricted
Stock Units, Retained Distributions and unpaid Dividend Equivalents that shall have become vested, and payment of any related cash
amounts that shall have become payable under this Article VIII, shall be deferred until such date or dates as the recipient may
elect.&nbsp;&nbsp;Any election of a recipient pursuant to the preceding sentence shall be filed in writing with the Committee in
accordance with such rules and regulations, including any deadline for the making of such an election, as the Committee may provide,
and shall be made in compliance with Section 409A of the Code.</P>

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CASH AWARDS AND PERFORMANCE AWARDS</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">9.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Cash
Awards.&nbsp;&nbsp;</I>In addition to granting Options, SARs, Restricted Shares and Restricted Stock Units, the Committee shall,
subject to the limitations of the Plan, have authority to grant to eligible Persons Cash Awards.&nbsp;&nbsp;Each Cash Award shall
be subject to such terms and conditions, restrictions and contingencies, if any, as the Committee shall determine.&nbsp;&nbsp;Restrictions
and contingencies limiting the right to receive a cash payment pursuant to a Cash Award shall be based upon the achievement of
single or multiple Performance Objectives over a performance period established by the Committee.&nbsp;&nbsp;The determinations
made by the Committee pursuant to this Section 9.1 shall be specified in the applicable Agreement.</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">9.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Designation
as a Performance Award</I>.&nbsp;&nbsp;The Committee shall have the right to designate any Award of Options, SARs, Restricted Shares
or Restricted Stock Units as a Performance Award.&nbsp;&nbsp;All Cash Awards shall be designated as Performance Awards.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">9.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Performance
Objectives.&nbsp;&nbsp;</I>The grant or vesting of a Performance Award shall be subject to the achievement of Performance Objectives
over a performance period established by the Committee based upon one or more of the following business criteria that apply to
the Holder, one or more business units, divisions or Subsidiaries of the Company or the applicable sector of the Company, the Company
as a whole, or any entity or entities to which the Company or Subsidiaries of the Company are providing services, and if so desired
by the Committee, by comparison with a peer group of companies: increased revenue; net income measures (including income after
capital costs and income before or after taxes); stock price measures (including growth measures and total stockholder return);
price per share of Common Stock; market share; earnings per share (actual or targeted growth); earnings before interest, taxes,
depreciation and amortization (EBITDA); operating income before depreciation and amortization (OIBDA); economic value added (or
an equivalent metric); market value added; debt to equity ratio; cash flow measures (including cash flow return on capital, cash
flow return on tangible capital, net cash flow and net cash flow before financing activities); return measures (including return
on equity, return on average assets, return on capital, risk-adjusted return on capital, return on investors&rsquo; capital and
return on average equity); operating measures (including operating income, funds from operations, cash from operations, after-tax
operating income, sales volumes, production volumes and production efficiency); expense measures (including overhead cost and general
and administrative expense); margins; stockholder value; total stockholder return; proceeds from dispositions; total market value
and corporate values measures (including ethics compliance, environmental and safety).&nbsp;&nbsp;Unless otherwise stated, such
a Performance Objective need not be based upon an increase or positive result under a particular business criterion and could include,
for example, maintaining the status quo or limiting economic losses (measured, in each case, by reference to specific business
criteria).&nbsp;&nbsp;The Committee shall have the authority to determine whether the Performance Objectives and other terms and
conditions of the Award are satisfied, and the Committee&rsquo;s determination as to the achievement of Performance Objectives
relating to a Performance Award shall be made in writing.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">9.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Section
162(m) of the Code.&nbsp;&nbsp;</I>Notwithstanding the foregoing provisions, if the Committee intends for a Performance Award to
be granted and administered in a manner designed to preserve the deductibility of the compensation resulting from such Award in
accordance with Section 162(m) of the Code, then the Performance Objectives for such particular Performance Award relative to the
particular period of service to which the Performance Objectives relate shall be established by the Committee in writing (i) no
later than 90 days after the beginning of such period and (ii) prior to the completion of 25% of such period.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">9.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Waiver
of Performance Objectives.&nbsp;&nbsp;</I>The Committee shall have no discretion to modify or waive the Performance Objectives
or conditions to the grant or vesting of a Performance Award unless such Award is not intended to qualify as qualified performance-based
compensation under Section 162(m) of the Code and the relevant Agreement provides for such discretion.</P>

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">GENERAL PROVISIONS</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.1&nbsp;&nbsp;&nbsp;<I>Acceleration
of Awards</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Death
or Disability</I>.&nbsp;&nbsp;If a Holder&rsquo;s employment shall terminate by reason of death or Disability, notwithstanding
any contrary waiting period, installment period, vesting schedule or Restriction Period in any Agreement or in the Plan, unless
the applicable Agreement provides otherwise:&nbsp;&nbsp;(i) in the case of an Option or SAR, each outstanding Option or SAR granted
under the Plan shall immediately become exercisable in full in respect of the aggregate number of shares covered thereby; (ii)
in the case of Restricted Shares, the Restriction Period applicable to each such Award of Restricted</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">Shares shall be deemed to have expired
and all such Restricted Shares and any related Retained Distributions shall become vested and any related cash amounts
payable pursuant to the applicable Agreement shall be adjusted in such manner as may be provided in the Agreement; and (iii)
in the case of Restricted Stock Units, the Restriction Period applicable to each such Award of Restricted Stock Units shall
be deemed to have expired and all such Restricted Stock Units and any unpaid Dividend Equivalents shall become vested and any
related cash amounts payable pursuant to the applicable Agreement shall be adjusted in such manner as may be provided in the
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Approved
Transactions; Board Change; Control Purchase</I>.&nbsp;&nbsp;In the event of any Approved Transaction, Board Change or Control
Purchase, notwithstanding any contrary waiting period, installment period, vesting schedule or Restriction Period in any Agreement
or in the Plan, unless the applicable Agreement provides otherwise: (i) in the case of an Option or SAR, each such outstanding
Option or SAR granted under the Plan shall become exercisable in full in respect of the aggregate number of shares covered thereby;
(ii) in the case of Restricted Shares, the Restriction Period applicable to each such Award of Restricted Shares shall be deemed
to have expired and all such Restricted Shares and any related Retained Distributions shall become vested and any related cash
amounts payable pursuant to the applicable Agreement shall be adjusted in such manner as may be provided in the Agreement; and
(iii) in the case of Restricted Stock Units, the Restriction Period applicable to each such Award of Restricted Stock Units shall
be deemed to have expired and all such Restricted Stock Units and any unpaid Dividend Equivalents shall become vested and any related
cash amounts payable pursuant to the applicable Agreement shall be adjusted in such manner as may be provided in the Agreement,
in each case effective upon the Board Change or Control Purchase or immediately prior to consummation of the Approved Transaction.&nbsp;&nbsp;The
effect, if any, on a Cash Award of an Approved Transaction, Board Change or Control Purchase shall be prescribed in the applicable
Agreement.&nbsp;&nbsp;Notwithstanding the foregoing, unless otherwise provided in the applicable Agreement, the Committee may,
in its discretion, determine that any or all outstanding Awards of any or all types granted pursuant to the Plan will not vest
or become exercisable on an accelerated basis in connection with an Approved Transaction if effective provision has been made for
the taking of such action which, in the opinion of the Committee, is equitable and appropriate to substitute a new Award for such
Award or to assume such Award and to make such new or assumed Award, as nearly as may be practicable, equivalent to the old Award
(before giving effect to any acceleration of the vesting or exercisability thereof), taking into account, to the extent applicable,
the kind and amount of securities, cash or other assets into or for which the applicable series of Common Stock may be changed,
converted or exchanged in connection with the Approved Transaction.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.2&nbsp;&nbsp;&nbsp;<I>Termination
of Employment</I>.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>General</I>.&nbsp;&nbsp;If
a Holder&rsquo;s employment shall terminate prior to an Option or SAR becoming exercisable or being exercised (or deemed exercised,
as provided in Section 7.2) in full, or during the Restriction Period with respect to any Restricted Shares or any Restricted Stock
Units, then such Option or SAR shall thereafter become or be exercisable, and the Holder&rsquo;s rights to any unvested Restricted
Shares, Retained Distributions and related cash amounts and any unvested Restricted Stock Units, unpaid Dividend Equivalents and
related cash amounts shall thereafter vest, in each case solely to the extent provided in the applicable Agreement; <I>provided,
however,</I> that, unless otherwise determined by the Committee and provided in the applicable Agreement, (i) no Option or SAR
may be exercised after the scheduled expiration date thereof; (ii) if the Holder&rsquo;s employment terminates by reason of death
or Disability, the Option or SAR shall remain exercisable for a period of at least one year following such termination (but not
later than the scheduled expiration of such Option or SAR); and (iii) any termination of the Holder&rsquo;s employment for cause
will be treated in accordance with the provisions of Section 10.2(b).&nbsp;&nbsp;The effect on a Cash Award of the termination
of a Holder&rsquo;s employment for any reason, other than for cause, shall be prescribed in the applicable Agreement.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Termination
for Cause</I>.&nbsp;&nbsp;If a Holder&rsquo;s employment with the Company or a Subsidiary of the Company shall be terminated by
the Company or such Subsidiary for &ldquo;cause&rdquo; during</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">the Restriction Period with respect to any Restricted Shares
or Restricted Stock Units or prior to any Option or SAR becoming exercisable or being exercised in full or prior to the payment
in full of any Cash Award (for these purposes, &ldquo;cause&rdquo; shall have the meaning ascribed thereto in any employment agreement
to which such Holder is a party or, in the absence thereof, shall include insubordination, dishonesty, incompetence, moral turpitude,
other misconduct of any kind and the refusal to perform such Holder&rsquo;s duties and responsibilities for any reason other than
illness or incapacity; <I>provided, however,</I> that if such termination occurs within 12 months after an Approved Transaction
or Control Purchase or Board Change, termination for &ldquo;cause&rdquo; shall mean only a felony conviction for fraud, misappropriation,
or embezzlement), then, unless otherwise determined by the Committee and provided in the applicable Agreement, (i) all Options
and SARs and all unpaid Cash Awards held by such Holder shall immediately terminate, and (ii) such Holder&rsquo;s rights to all
Restricted Shares, Restricted Stock Units, Retained Distributions, any unpaid Dividend Equivalents and any related cash amounts
shall be forfeited immediately.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Miscellaneous</I>.&nbsp;&nbsp;The
Committee may determine whether any given leave of absence constitutes a termination of employment; <I>provided, however,</I> that
for purposes of the Plan, (i) a leave of absence, duly authorized in writing by the Company for military service or sickness, or
for any other purpose approved by the Company if the period of such leave does not exceed 90 days, and (ii) a leave of absence
in excess of 90 days, duly authorized in writing by the Company provided the employee&rsquo;s right to reemployment is guaranteed
either by statute or contract, shall not be deemed a termination of employment.&nbsp;&nbsp;Unless otherwise determined by the Committee
and provided in the applicable Agreement, Awards made under the Plan shall not be affected by any change of employment so long
as the Holder continues to be an employee of the Company.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.3&nbsp;&nbsp;&nbsp;<I>Right
of Company to Terminate Employment</I>.&nbsp;&nbsp;Nothing contained in the Plan or in any Award, and no action of the Company
or the Committee with respect thereto, shall confer or be construed to confer on any Holder any right to continue in the employ
of the Company or any of its Subsidiaries or interfere in any way with the right of the Company or any Subsidiary of the Company
to terminate the employment of the Holder at any time, with or without cause, subject, however, to the provisions of any employment
agreement between the Holder and the Company or any Subsidiary of the Company.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.4&nbsp;&nbsp;&nbsp;<I>Nonalienation
of Benefits</I>.&nbsp;&nbsp;Except as set forth herein, no right or benefit under the Plan shall be subject to anticipation, alienation,
sale, assignment, hypothecation, pledge, exchange, transfer, garnishment, encumbrance or charge, and any attempt to anticipate,
alienate, sell, assign, hypothecate, pledge, exchange, transfer, garnish, encumber or charge the same shall be void.&nbsp;&nbsp;No
right or benefit hereunder shall in any manner be liable for or subject to the debts, contracts, liabilities or torts of the Person
entitled to such benefits.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.5&nbsp;&nbsp;&nbsp;<I>Written
Agreement</I>.&nbsp;&nbsp;Each Award under the Plan shall be evidenced by a written agreement, in such form as the Committee shall
approve from time to time in its discretion, specifying the terms and provisions of such Award which may not be inconsistent with
the provisions of the Plan; <I>provided, however</I>, that if more than one type of Award is made to the same Holder, such Awards
may be evidenced by a single Agreement with such Holder.&nbsp;&nbsp;Each grantee of an Option, SAR, Restricted Shares, Restricted
Stock Units or Performance Award (including a Cash Award) shall be notified promptly of such grant, and a written Agreement shall
be promptly delivered by the Company.&nbsp;&nbsp;Any such written Agreement may contain (but shall not be required to contain)
such provisions as the Committee deems appropriate (i) to insure that the penalty provisions of Section 4999 of the Code will not
apply to any stock or cash received by the Holder from the Company or (ii) to provide cash payments to the Holder to mitigate the
impact of such penalty provisions upon the Holder.&nbsp;&nbsp;Any such Agreement may be supplemented or amended from time to time
as approved by the Committee as contemplated by Section 10.7(b).</P>

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


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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.6&nbsp;&nbsp;&nbsp;<I>Nontransferability</I>.&nbsp;&nbsp;Unless
otherwise determined by the Committee and expressly provided for in an Agreement, Awards are not transferable (either voluntarily
or involuntarily), before or after a Holder&rsquo;s death, except as follows: (a) during the Holder&rsquo;s lifetime, pursuant
to a Domestic Relations Order, issued by a court of competent jurisdiction, that is not contrary to the terms and conditions of
the Plan or any applicable Agreement, and in a form acceptable to the Committee; or (b) after the Holder&rsquo;s death, by will
or pursuant to the applicable laws of descent and distribution, as may be the case.&nbsp;&nbsp;Any person to whom Awards are transferred
in accordance with the provisions of the preceding sentence shall take such Awards subject to all of the terms and conditions of
the Plan and any applicable Agreement.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.7&nbsp;&nbsp;&nbsp;<I>Termination
and Amendment</I>.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>General</I>.&nbsp;&nbsp;Unless
the Plan shall theretofore have been terminated as hereinafter provided, no Awards may be made under the Plan on or after the fifth
anniversary of the Effective Date.&nbsp;&nbsp;The Plan may be terminated at any time prior to such date and may, from time to time,
be suspended or discontinued or modified or amended if such action is deemed advisable by the Committee.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 63pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Modification</I>.&nbsp;&nbsp;No
termination, modification or amendment of the Plan may, without the consent of the Person to whom any Award shall theretofore have
been granted, adversely affect the rights of such Person with respect to such Award.&nbsp;&nbsp;No modification, extension, renewal
or other change in any Award granted under the Plan shall be made after the grant of such Award, unless the same is consistent
with the provisions of the Plan.&nbsp;&nbsp;With the consent of the Holder and subject to the terms and conditions of the Plan
(including Section 10.7(a)), the Committee may amend outstanding Agreements with any Holder, including any amendment which would
(i) accelerate the time or times at which the Award may be exercised and/or (ii) extend the scheduled expiration date of the Award.&nbsp;&nbsp;Without
limiting the generality of the foregoing, the Committee may, but solely with the Holder&rsquo;s consent unless otherwise provided
in the Agreement, agree to cancel any Award under the Plan and grant a new Award in substitution therefor, provided that the Award
so substituted shall satisfy all of the requirements of the Plan as of the date such new Award is made.&nbsp;&nbsp;Nothing contained
in the foregoing provisions of this Section 10.7(b) shall be construed to prevent the Committee from providing in any Agreement
that the rights of the Holder with respect to the Award evidenced thereby shall be subject to such rules and regulations as the
Committee may, subject to the express provisions of the Plan, adopt from time to time or impair the enforceability of any such
provision.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.8&nbsp;&nbsp;&nbsp;<I>Government
and Other Regulations</I>.&nbsp;&nbsp;The obligation of the Company with respect to Awards shall be subject to all applicable laws,
rules and regulations and such approvals by any governmental agencies as may be required, including the effectiveness of any registration
statement required under the Securities Act of 1933, and the rules and regulations of any securities exchange or association on
which the Common Stock may be listed or quoted.&nbsp;&nbsp;For so long as any series of Common Stock are registered under the Exchange
Act, the Company shall use its reasonable efforts to comply with any legal requirements (i) to maintain a registration statement
in effect under the Securities Act of 1933 with respect to all shares of the applicable series of Common Stock that may be issuable,
from time to time, to Holders under the Plan and (ii) to file in a timely manner all reports required to be filed by it under the
Exchange Act.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.9&nbsp;&nbsp;&nbsp;<I>Withholding</I>.&nbsp;&nbsp;The
Company&rsquo;s obligation to deliver shares of Common Stock or pay cash in respect of any Award under the Plan shall be subject
to applicable federal, state and local tax withholding requirements.&nbsp;&nbsp;Federal, state and local withholding tax due at
the time of an Award, upon the exercise of any Option or SAR or upon the vesting of, or expiration of restrictions with respect
to, Restricted Shares or Restricted Stock Units or the satisfaction of the Performance Objectives applicable to a Performance Award,
as appropriate, may, in the discretion of the Committee, be paid in shares of Common Stock already owned by the Holder or through
the withholding of shares otherwise issuable to such Holder, upon such terms and conditions (including the conditions referenced
in Section 6.5) as the Committee shall determine. If the Holder shall fail to pay, or make arrangements satisfactory to the Committee
for the payment to the Company of, all such federal, state and local taxes required to be</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">withheld by the Company, then the Company shall, to the extent
permitted by law, have the right to deduct from any payment of any kind otherwise due to such Holder an amount equal to any federal,
state or local taxes of any kind required to be withheld by the Company with respect to such Award.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.10&nbsp;&nbsp;<I>Nonexclusivity
of the Plan</I>.&nbsp;&nbsp;The adoption of the Plan by the Board shall not be construed as creating any limitations on the power
of the Board to adopt such other incentive arrangements as it may deem desirable, including the granting of stock options and the
awarding of stock and cash otherwise than under the Plan, and such arrangements may be either generally applicable or applicable
only in specific cases.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.11&nbsp;&nbsp;<I>Exclusion
from Pension and Profit-Sharing Computation</I>.&nbsp;&nbsp;By acceptance of an Award, unless otherwise provided in the applicable
Agreement, each Holder shall be deemed to have agreed that such Award is special incentive compensation that will not be taken
into account, in any manner, as salary, compensation or bonus in determining the amount of any payment under any pension, retirement
or other employee benefit plan, program or policy of the Company or any Subsidiary of the Company.&nbsp;&nbsp;In addition, each
beneficiary of a deceased Holder shall be deemed to have agreed that such Award will not affect the amount of any life insurance
coverage, if any, provided by the Company on the life of the Holder which is payable to such beneficiary under any life insurance
plan covering employees of the Company or any Subsidiary of the Company.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.12&nbsp;&nbsp;<I>Unfunded
Plan</I>.&nbsp;&nbsp;Neither the Company nor any Subsidiary of the Company shall be required to segregate any cash or any shares
of Common Stock which may at any time be represented by Awards, and the Plan shall constitute an &ldquo;unfunded&rdquo; plan of
the Company. Except as provided in Article VIII with respect to Awards of Restricted Shares and except as expressly set forth in
an Agreement, no employee shall have voting or other rights with respect to the shares of Common Stock covered by an Award prior
to the delivery of such shares. Neither the Company nor any Subsidiary of the Company shall, by any provisions of the Plan, be
deemed to be a trustee of any shares of Common Stock or any other property, and the liabilities of the Company and any Subsidiary
of the Company to any employee pursuant to the Plan shall be those of a debtor pursuant to such contract obligations as are created
by or pursuant to the Plan, and the rights of any employee, former employee or beneficiary under the Plan shall be limited to those
of a general creditor of the Company or the applicable Subsidiary of the Company, as the case may be.&nbsp;&nbsp;In its sole discretion,
the Board may authorize the creation of trusts or other arrangements to meet the obligations of the Company under the Plan, <I>provided,
however</I>, that the existence of such trusts or other arrangements is consistent with the unfunded status of the Plan.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.13&nbsp;&nbsp;<I>Governing
Law</I>.&nbsp;&nbsp;The Plan shall be governed by, and construed in accordance with, the laws of the State of Delaware.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.14&nbsp;&nbsp;<I>Accounts</I>.&nbsp;&nbsp;The
delivery of any shares of Common Stock and the payment of any amount in respect of an Award shall be for the account of the Company
or the applicable Subsidiary of the Company, as the case may be, and any such delivery or payment shall not be made until the recipient
shall have paid or made satisfactory arrangements for the payment of any applicable withholding taxes as provided in Section 10.9.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.15&nbsp;&nbsp;<I>Legends</I>.&nbsp;&nbsp;Any
certificate evidencing shares of Common Stock subject to an Award shall bear such legends as the Committee deems necessary or appropriate
to reflect or refer to any terms, conditions or restrictions of the Award applicable to such shares, including any to the effect
that the shares represented thereby may not be disposed of unless the Company has received an opinion of counsel, acceptable to
the Company, that such disposition will not violate any federal or state securities laws.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.16&nbsp;&nbsp;<I>Company&rsquo;s
Rights</I>.&nbsp;&nbsp;The grant of Awards pursuant to the Plan shall not affect in any way the right or power of the Company to
make reclassifications, reorganizations or other changes of or to its capital or business structure or to merge, consolidate, liquidate,
sell or otherwise dispose of all or any part of its business or assets.</P>

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


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.17&nbsp;&nbsp;<I>Section
409A.&nbsp;&nbsp;</I>It is the intent of the Company that Awards under this Plan comply with the requirements of, or be exempt
from the application of, Section 409A of the Code and related regulations and United States Department of the Treasury pronouncements
(&ldquo;Section 409A&rdquo;), and the provisions of this Plan will be administered, interpreted and construed accordingly.&nbsp;&nbsp;Notwithstanding
anything in this Plan to the contrary, if any Plan provision or Award under the Plan would result in the imposition of an additional
tax under Section 409A, that Plan provision or Award will be construed or reformed to avoid imposition of the applicable tax and
no action taken to comply with Section 409A shall be deemed to adversely affect the Holder&rsquo;s rights to an Award.</P>

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<TYPE>EX-99.2
<SEQUENCE>8
<FILENAME>t1602871_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 11pt"><B>Exhibit 99.2</B></FONT></P>

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

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">STARZ<BR>
2011 NONEMPLOYEE DIRECTOR INCENTIVE PLAN</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Amended and Restated as of October 15,
2013)</B></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE
I</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="text-transform: uppercase">Purpose
of Plan</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">1.1&nbsp;&nbsp;&nbsp;&nbsp;<I>Purpose</I>.&nbsp;&nbsp;The
purpose of the Plan is to provide a method whereby eligible Nonemployee Directors of the Company may be awarded additional remuneration
for services rendered and encouraged to invest in capital stock of the Company, thereby increasing their proprietary interest in
the Company&rsquo;s businesses and increasing their personal interest in the continued success and progress of the Company.&nbsp;&nbsp;The
Plan is also intended to aid in attracting Persons of exceptional ability to become Nonemployee Directors of the Company.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">1.2&nbsp;&nbsp;&nbsp;&nbsp;<I>Amendment
and Restatement of Plan.</I>&nbsp;&nbsp;The Plan is hereby amended and restated effective October 15, 2013 by the Board of Directors
of the Company to make certain clarifying changes throughout the Plan and to incorporate all amendments made to the Plan since
the Effective Date.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE
II</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Definitions</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.1&nbsp;<I>Certain
Defined Terms</I>.&nbsp;&nbsp;Capitalized terms not defined elsewhere in the Plan shall have the following meanings (whether used
in the singular or plural):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Account&rdquo;
has the meaning ascribed thereto in Section 8.2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Affiliate&rdquo;
of the Company means any corporation, partnership, or other business association that, directly or indirectly, through one or more
intermediaries, controls, is controlled by, or is under common control with the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Agreement&rdquo;
means a stock option agreement, stock appreciation rights agreement, restricted shares agreement, restricted stock units agreement,
or an agreement evidencing more than one type of Award, specified in Section 10.4, as any such Agreement may be supplemented or
amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Approved Transaction&rdquo;
means any transaction in which the Board (or, if approval of the Board is not required as a matter of law, the stockholders of
the Company) shall approve (i) any consolidation or merger of the Company, or binding share exchange, pursuant to which shares
of Common Stock of the Company would be changed or converted into or exchanged for cash, securities, or other property, other than
any such transaction in which the common stockholders of the Company immediately prior to such transaction have the same proportionate
ownership of the Common Stock of, and voting power with respect to, the surviving corporation immediately after such transaction,
(ii)&nbsp;any merger, consolidation, or binding share exchange to which the Company is a party as a result of which the Persons
who are common stockholders of the Company immediately prior thereto have less than a majority of the combined voting power of
the outstanding capital stock of the Company ordinarily (and apart from the rights accruing under special circumstances) having
the right to vote in the election of directors immediately following such merger, consolidation, or binding share exchange, (iii)
the adoption of any plan or proposal for the liquidation or dissolution of the Company, or (iv) any sale, lease, exchange, or other
transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Award&rdquo; means
a grant of Options, SARs, Restricted Shares, Restricted Stock Units and/or cash under this Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Board&rdquo; means
the Board of Directors of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Board Change&rdquo;
means, during any period of two consecutive years, individuals who at the beginning of such period constituted the entire Board
cease for any reason to constitute a majority thereof unless the election, or the nomination for election, of each new director
was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the
period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Code&rdquo; means
the Internal Revenue Code of 1986, as amended from time to time, or any successor statute or statutes thereto.&nbsp;&nbsp;Reference
to any specific Code section shall include any successor section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Common Stock&rdquo;
means each or any (as the context may require) series of the Company&rsquo;s common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Company&rdquo;
means Starz (f/k/a Liberty Media Corporation), a Delaware corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Control Purchase&rdquo;
means any transaction (or series of related transactions) in which any person (as such term is defined in Sections&nbsp;13(d)(3)
and 14(d)(2) of the Exchange Act), corporation, or other entity (other than the Company, any Subsidiary of the Company, or any
employee benefit plan sponsored by the Company or any Subsidiary of the Company or any Exempt Person (as defined below)) shall
become the &ldquo;beneficial owner&rdquo; (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly,
of securities of the Company representing 20% or more of the combined voting power of the then outstanding securities of the Company
ordinarily (and apart from the rights accruing under special circumstances) having the right to vote in the election of directors
(calculated as provided in Rule 13d-3(d) under the Exchange Act in the case of rights to acquire the Company&rsquo;s securities),
other than in a transaction (or series of related transactions) approved by the Board.&nbsp;&nbsp;For purposes of this definition,
&ldquo;Exempt Person&rdquo; means each of (a) the Chairman of the Board, the President and each of the directors of the Company
as of the Redemption Date, and (b) the respective family members, estates, and heirs of each of the Persons referred to in clause
(a) above and any trust or other investment vehicle for the primary benefit of any of such Persons or their respective family members
or heirs.&nbsp;&nbsp;As used with respect to any Person, the term &ldquo;family member&rdquo; means the spouse, siblings and lineal
descendants of such Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Director Compensation&rdquo;
means the annual retainer and meeting fees, and any other regular cash compensation payable by the Company to a Nonemployee Director
for service on the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Disability&rdquo;
means the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment
which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than
12 months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Dividend Equivalents&rdquo;
means, with respect to Restricted Stock Units, to the extent specified by the Board only, an amount equal to all dividends and
other distributions (or the economic equivalent thereof) which are payable to stockholders of record during the Restriction Period
on a like number and kind of shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Domestic Relations
Order&rdquo; means a domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security Act
of 1974, or the rules thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Effective Date&rdquo;
means the Redemption Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Equity Security&rdquo;
shall have the meaning ascribed to such term in Section 3(a)(11) of the Exchange Act, and an equity security of an issuer shall
have the meaning ascribed thereto in Rule&nbsp;16a-1 promulgated under the Exchange Act, or any successor Rule.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Exchange Act&rdquo;
means the Securities Exchange Act of 1934, as amended from time to time, or any successor statute or statutes thereto.&nbsp;&nbsp;Reference
to any specific Exchange Act section shall include any successor section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Fair Market Value&rdquo;
of a share of any series of Common Stock on any day means (i) for Option and SAR exercise transactions effected on any third-party
incentive award administration system provided by the Company, the current high bid price of a share of any series of&nbsp;&nbsp;Common
Stock as reported on the consolidated transaction reporting system on the principal national securities exchange on which shares
of such series of Common Stock are listed on such day or if such shares are not then listed on a national securities exchange,
then as quoted by Pink OTC Markets Inc., or (ii) for all other purposes under this Plan, the last sale price (or, if no last sale
price is reported, the average of the high bid and low asked prices) for a share of such series of Common Stock on such day (or,
if such day is not a trading day, on the next preceding trading day) as reported on the consolidated transaction reporting system
for the principal national securities exchange on which shares of such series of Common Stock are listed on such day or if such
shares are not then listed on a national securities exchange, then as quoted by Pink OTC Markets Inc.&nbsp;&nbsp;If for any day
the Fair Market Value of a share of the applicable series of Common Stock is not determinable by any of the foregoing means, then
the Fair Market Value for such day shall be determined in good faith by the Board on the basis of such quotations and other considerations
as the Board deems appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Free Standing
SAR&rdquo; has the meaning ascribed thereto in Section 7.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Holder&rdquo;
means a Person who has received an Award under this Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Nonemployee Director&rdquo;
means an individual who is a member of the Board and who is not an employee of the Company or any Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Option&rdquo;
means a stock option granted under Article VI.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Person&rdquo;
means an individual, corporation, limited liability company, partnership, trust, incorporated or unincorporated association, joint
venture or other entity of any kind.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Plan&rdquo; means
this Starz 2011 Nonemployee Director Incentive Plan (amended and restated as of October 15, 2013).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Redemption&rdquo;
means the redemption by Liberty Interactive Corporation (f/k/a Liberty Media Corporation) of all of the outstanding shares of each
series of its former Liberty Capital common stock and Liberty Starz common stock for all of the outstanding shares of the Company&rsquo;s
former Capital common stock and Starz common stock, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Redemption Date&rdquo;
means 5:00 p.m., New York City time, on September 23, 2011 (the date on which the Redemption occurred).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Restricted Shares&rdquo;
means shares of any series of Common Stock awarded pursuant to Section 8.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Restricted Stock
Unit&rdquo; means a unit evidencing the right to receive in specified circumstances one share of the specified series of Common
Stock or the equivalent value in cash, which right is subject to a Restriction Period or forfeiture provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Restriction Period&rdquo;
means a period of time beginning on the date of each Award of Restricted Shares or Restricted Stock Units and ending on the Vesting
Date with respect to such Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Retained Distribution&rdquo;
has the meaning ascribed thereto in Section&nbsp;8.3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;SARs&rdquo; means
stock appreciation rights, awarded pursuant to Article&nbsp;VII, with respect to shares of any specified series of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Subsidiary&rdquo;
of a Person means any present or future subsidiary (as defined in Section 424(f) of the Code) of such Person or any business entity
in which such Person owns, directly or indirectly, 50% or more of the voting, capital, or profits interests.&nbsp;&nbsp;An entity
shall be deemed a subsidiary of a Person for</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">purposes of this definition only for such
periods as the requisite ownership or control relationship is maintained.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Tandem SARs&rdquo;
has the meaning ascribed thereto in Section 7.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&ldquo;Vesting Date,&rdquo;
with respect to any Restricted Shares or Restricted Stock Units awarded hereunder, means the date on which such Restricted Shares
or Restricted Stock Units cease to be subject to a risk of forfeiture, as designated in or determined in accordance with the Agreement
with respect to such Award of Restricted Shares or Restricted Stock Units pursuant to Article VIII.&nbsp;&nbsp;If more than one
Vesting Date is designated for an Award of Restricted Shares or Restricted Stock Units, reference in the Plan to a Vesting Date
in respect of such Award shall be deemed to refer to each part of such Award and the Vesting Date for such part.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE
III</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Administration</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.1&nbsp;&nbsp;<I>Administration</I>.&nbsp;&nbsp;The
Plan shall be administered by the Board, provided that it may delegate to employees of the Company certain administrative or ministerial
duties in carrying out the purposes of the Plan.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.2&nbsp;&nbsp;<I>Powers</I>.&nbsp;&nbsp;The
Board shall have full power and authority to grant to eligible Persons Options under Article&nbsp;VI of the Plan, SARs under Article
VII of the Plan, Restricted Shares under Article&nbsp;VIII of the Plan, and/or Stock Units under Article&nbsp;IX of the Plan, to
determine the terms and conditions (which need not be identical) of all Awards so granted, to interpret the provisions of the Plan
and any Agreements relating to Awards granted under the Plan, and to supervise the administration of the Plan.&nbsp;&nbsp;The Board
in making an Award may provide for the granting or issuance of additional, replacement, or alternative Awards upon the occurrence
of specified events, including the exercise of the original Award.&nbsp;&nbsp;The Board shall have sole authority in the selection
of Persons to whom Awards may be granted under the Plan and in the determination of the timing, pricing, and amount of any such
Award, subject only to the express provisions of the Plan.&nbsp;&nbsp;In making determinations hereunder, the Board may take into
account such factors as the Board in its discretion deems relevant.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">3.3&nbsp;&nbsp;<I>Interpretation</I>.&nbsp;&nbsp;The
Board is authorized, subject to the provisions of the Plan, to establish, amend, and rescind such rules and regulations as it deems
necessary or advisable for the proper administration of the Plan and to take such other action in connection with or in relation
to the Plan as it deems necessary or advisable.&nbsp;&nbsp;Each action and determination made or taken pursuant to the Plan by
the Board, including any interpretation or construction of the Plan, shall be final and conclusive for all purposes and upon all
Persons.&nbsp;&nbsp;No member of the Board shall be liable for any action or determination made or taken by such member or the
Board in good faith with respect to the Plan.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE
IV</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Shares
Subject to the Plan</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">4.1&nbsp;&nbsp;<I>Number
of Shares</I>.&nbsp;&nbsp;Subject to the provisions of this Article&nbsp;IV, the maximum number of shares of Common Stock (i) which
may be issued in lieu of Director Compensation pursuant to Section 9.1 and (ii) with respect to which Awards may be granted during
the term of the Plan shall be 1,430,000 shares.&nbsp;&nbsp;Shares of Common Stock will be made available from the authorized but
unissued shares of the Company or from shares reacquired by the Company, including shares purchased in the open market.&nbsp;&nbsp;The
shares of Common Stock subject to (i)&nbsp;any Award granted under the Plan that shall expire, terminate or be cancelled or annulled
for any reason without having been exercised (or considered to have been exercised as provided in Section&nbsp;7.2), (ii)&nbsp;any
Award of any SARs granted under the Plan the terms of which provide for settlement in cash, and (iii)&nbsp;any Award of Restricted
Shares or Restricted Stock Units that shall be forfeited prior to becoming vested (provided that the Holder received no benefits
of ownership of such Restricted Shares or Restricted Stock Units other than voting rights and the</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">accumulation of Retained Distributions and
unpaid Dividend Equivalents that are likewise forfeited) shall again be available for purposes of the Plan.&nbsp;&nbsp;Notwithstanding
the foregoing, the following shares of Common Stock may not again be made available for issuance as Awards under the Plan: (a)&nbsp;shares
of Common Stock not issued or delivered as a result of the net settlement of an outstanding Option or SAR, (b)&nbsp;shares of Common
Stock used to pay the purchase price or withholding taxes related to an outstanding Award, or (c)&nbsp;shares of Common Stock repurchased
on the open market with the proceeds of an Option purchase price.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">4.2&nbsp;&nbsp;<I>Adjustments</I>.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">(a)&nbsp;&nbsp;If
the Company subdivides its outstanding shares of any series of Common Stock into a greater number of shares of such series of Common
Stock (by stock dividend, stock split, reclassification, or otherwise) or combines its outstanding shares of any series of Common
Stock into a smaller number of shares of such series of Common Stock (by reverse stock split, reclassification, or otherwise) or
if the Board determines that any stock dividend, extraordinary cash dividend, reclassification, recapitalization, reorganization,
stock redemption, split-up, spin-off, combination, exchange of shares, warrants or rights offering to purchase such series of Common
Stock or other similar corporate event (including mergers or consolidations other than those which constitute Approved Transactions,
adjustments with respect to which shall be governed by Section 10.1(b)) affects any series of Common Stock so that an adjustment
is required to preserve the benefits or potential benefits intended to be made available under the Plan, then the Board, in such
manner as the Board, in its sole discretion, deems equitable and appropriate, shall make such adjustments to any or all of (i)&nbsp;the
number and kind of shares of stock which thereafter may be awarded, optioned or otherwise made subject to the benefits contemplated
by the Plan, (ii)&nbsp;the number and kind of shares of stock subject to outstanding Awards, and (iii)&nbsp;the purchase or exercise
price and the relevant appreciation base with respect to any of the foregoing, <I>provided, however, </I>that the number of shares
subject to any Award shall always be a whole number.&nbsp;&nbsp;The Board may, if deemed appropriate, provide for a cash payment
to any Holder of an Award in connection with any adjustment made pursuant to this Section&nbsp;4.2.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">(b)&nbsp;&nbsp;Notwithstanding
any provision of the Plan to the contrary, in the event of a corporate merger, consolidation, acquisition of property or stock,
separation, reorganization or liquidation, the Board shall be authorized, in its discretion, (i)&nbsp;to provide, prior to the
transaction, for the acceleration of the vesting and exercisability of, or lapse of restrictions with respect to, the Award and,
if the transaction is a cash merger, provide for the termination of any portion of the Award that remains unexercised at the time
of such transaction, or (ii)&nbsp;to cancel any such Awards and to deliver to the Holders cash in an amount that the Board shall
determine in its sole discretion is equal to the fair market value of such Awards on the date of such event, which in the case
of Options or SARs shall be the excess of the Fair Market Value (as determined in sub-section (ii) of the definition of such term)
of Common Stock on such date over the purchase price of the Options or the base price of the SARs, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">(c)&nbsp;&nbsp;No
adjustment or substitution pursuant to this Section 4.2 shall be made in a manner that results in noncompliance with the requirements
of Section 409A of the Code, to the extent applicable.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE
V</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Eligibility</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">5.1&nbsp;&nbsp;<I>General</I>.&nbsp;&nbsp;The
Persons who shall be eligible to participate in the Plan and to receive Awards under the Plan shall, subject to Section 5.2, be
such Persons who are Nonemployee Directors as the Board shall select.&nbsp;&nbsp;Awards may be made to Nonemployee Directors who
hold or have held Awards under this Plan or any similar or other awards under any other plan of the Company or any of its Affiliates.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">5.2&nbsp;&nbsp;<I>Ineligibility</I>.&nbsp;&nbsp;No
Person who is not a Nonemployee Director shall be eligible to receive an Award.</P>

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


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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE
VI</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Stock
Options</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">6.1&nbsp;&nbsp;<I>Grant
of Options</I>.&nbsp;&nbsp;Subject to the limitations of the Plan, the Board shall designate from time to time those eligible Persons
to be granted Options, the time when each Option shall be granted to such eligible Persons, the series and number of shares of
Common Stock subject to such Option, and, subject to Section 6.2, the purchase price of the shares of Common Stock subject to such
Option.&nbsp;&nbsp;&nbsp;&nbsp;</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">6.2&nbsp;&nbsp;<I>Option
Price.&nbsp;&nbsp;</I>The price at which shares may be purchased upon exercise of an Option shall be fixed by the Board and may
be no less than the Fair Market Value of the shares of the applicable series of Common Stock subject to the Option as of the date
the Option is granted.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">6.3&nbsp;&nbsp;<I>Term
of Options.&nbsp;&nbsp;</I>Subject to the provisions of the Plan with respect to death, retirement and termination of service,
the term of each Option shall be for such period as the Board shall determine as set forth in the applicable Agreement; provided
that such term may not exceed ten years.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">6.4&nbsp;&nbsp;<I>Exercise
of Options</I>.&nbsp;&nbsp;An Option granted under the Plan shall become (and remain) exercisable during the term of the Option
to the extent provided in the applicable Agreement and this Plan and, unless the Agreement otherwise provides, may be exercised
to the extent exercisable, in whole or in part, at any time and from time to time during such term; <I>provided, however, </I>that
subsequent to the grant of an Option, the Board, at any time before complete termination of such Option, may accelerate the time
or times at which such Option may be exercised in whole or in part (without reducing the term of such Option).</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">6.5&nbsp;&nbsp;<I>Manner
of Exercise</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">(a)&nbsp;&nbsp;<I>Form
of Payment.&nbsp;&nbsp;</I>An Option shall be exercised by written notice to the Company upon such terms and conditions as the
Agreement may provide and in accordance with such other procedures for the exercise of Options as the Board may establish from
time to time.&nbsp;&nbsp;The method or methods of payment of the purchase price for the shares to be purchased upon exercise of
an Option and of any amounts required by Section 10.8 shall be determined by the Board and may consist of (i) cash, (ii) check,
(iii) promissory note (subject to applicable law), (iv)&nbsp;whole shares of any series of Common Stock, (v) the withholding of
shares of the applicable series of Common Stock issuable upon such exercise of the Option, (vi) the delivery, together with a properly
executed exercise notice, of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan
proceeds required to pay the purchase price, or (vii) any combination of the foregoing methods of payment, or such other consideration
and method of payment as may be permitted for the issuance of shares under the Delaware General Corporation Law.&nbsp;&nbsp;The
permitted method or methods of payment of the amounts payable upon exercise of an Option, if other than in cash, shall be set forth
in the applicable Agreement and may be subject to such conditions as the Board deems appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">(b)&nbsp;&nbsp;<I>Value
of Shares</I>.&nbsp;&nbsp;Unless otherwise determined by the Board and provided in the applicable Agreement, shares of any series
of Common Stock delivered in payment of all or any part of the amounts payable in connection with the exercise of an Option, and
shares of any series of Common Stock withheld for such payment, shall be valued for such purpose at their Fair Market Value as
of the exercise date.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">(c)&nbsp;&nbsp;<I>Issuance
of Shares</I>.&nbsp;&nbsp;The Company shall effect the transfer of the shares of Common Stock purchased under the Option as soon
as practicable after the exercise thereof and payment in full of the purchase price therefor and of any amounts required by Section&nbsp;10.8,
and within a reasonable time thereafter, such transfer shall be evidenced on the books of the Company.&nbsp;&nbsp;Unless otherwise
determined by the Board and provided in the applicable Agreement, (i) no Holder or other Person exercising an Option shall have
any of the rights of a stockholder of the Company with respect to shares of Common Stock subject to an Option granted under the
Plan until due exercise and full payment has been made, and</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">(ii) no adjustment shall be made for cash
dividends or other rights for which the record date is prior to the date of such due exercise and full payment.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE
VII</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">SARs</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">7.1&nbsp;&nbsp;<I>Grant
of SARs</I>.&nbsp;&nbsp;Subject to the limitations of the Plan, SARs may be granted by the Board to such eligible Persons in such
numbers, with respect to any specified series of Common Stock, and at such times during the term of the Plan as the Board shall
determine.&nbsp;&nbsp;A SAR may be granted to a Holder of an Option (hereinafter called a &ldquo;related Option&rdquo;) with respect
to all or a portion of the shares of Common Stock subject to the related Option (a &ldquo;Tandem SAR&rdquo;) or may be granted
separately to an eligible Nonemployee Director (a &ldquo;Free Standing SAR&rdquo;).&nbsp;&nbsp;Subject to the limitations of the
Plan, SARs shall be exercisable in whole or in part upon notice to the Company upon such terms and conditions as are provided in
the Agreement.&nbsp;&nbsp;&nbsp;&nbsp;</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">7.2&nbsp;&nbsp;<I>Tandem
SARs.&nbsp;&nbsp;</I>A Tandem SAR may be granted either concurrently with the grant of the related Option or at any time thereafter
prior to the complete exercise, termination, expiration, or cancellation of such related Option.&nbsp;&nbsp;Tandem SARs shall be
exercisable only at the time and to the extent that the related Option is exercisable (and may be subject to such additional limitations
on exercisability as the Agreement may provide) and in no event after the complete termination or full exercise of the related
Option.&nbsp;&nbsp;Upon the exercise or termination of the related Option, the Tandem SARs with respect thereto shall be canceled
automatically to the extent of the number of shares of Common Stock with respect to which the related Option was so exercised or
terminated. Subject to the limitations of the Plan, upon the exercise of a Tandem SAR and unless otherwise determined by the Board
and provided in the applicable Agreement, (i) the Holder thereof shall be entitled to receive from the Company, for each share
of the applicable series of Common Stock with respect to which the Tandem SAR is being exercised, consideration (in the form determined
as provided in Section 7.4) equal in value to the excess of the Fair Market Value of a share of the applicable series of Common
Stock with respect to which the Tandem SAR was granted on the date of exercise over the related Option purchase price per share,
and (ii) the related Option with respect thereto shall be canceled automatically to the extent of the number of shares of Common
Stock with respect to which the Tandem SAR was so exercised.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">7.3&nbsp;&nbsp;<I>Free
Standing SARs</I>.&nbsp;&nbsp;Free Standing SARs shall be exercisable at the time, to the extent and upon the terms and conditions
set forth in the applicable Agreement.&nbsp;&nbsp;The base price of a Free Standing SAR may be no less than the Fair Market Value
of the applicable series of Common Stock with respect to which the Free Standing SAR was granted as of the date the Free Standing
SAR is granted.&nbsp;&nbsp;Subject to the limitations of the Plan, upon the exercise of a Free Standing SAR and unless otherwise
determined by the Board and provided in the applicable Agreement,&nbsp;&nbsp;the Holder thereof shall be entitled to receive from
the Company, for each share of the applicable series of Common Stock with respect to which the Free Standing SAR is being exercised,
consideration (in the form determined as provided in Section 7.4) equal in value to the excess of the Fair Market Value of a share
of the applicable series of Common Stock with respect to which the Free Standing SAR was granted on the date of exercise over the
base price per share of such Free Standing SAR.&nbsp;&nbsp;The term of a Free Standing SAR may not exceed ten years.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">7.4&nbsp;&nbsp;<I>Consideration</I>.&nbsp;&nbsp;The
consideration to be received upon the exercise of a SAR by the Holder shall be paid in cash, shares of the applicable series of
Common Stock with respect to which the SAR was granted (valued at Fair Market Value on the date of exercise of such SAR), a combination
of cash and such shares of the applicable series of Common Stock or such other consideration, in each case, as provided in the
Agreement.&nbsp;&nbsp;No fractional shares of Common Stock shall be issuable upon exercise of a SAR, and unless otherwise provided
in the applicable Agreement, the Holder will receive cash in lieu of fractional shares.&nbsp;&nbsp;Unless the Board shall otherwise
determine, to the extent a Free Standing SAR is exercisable, it will be exercised automatically for cash on its expiration date.</P>

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


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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">7.5&nbsp;&nbsp;<I>Limitations</I>.&nbsp;&nbsp;The
applicable Agreement may provide for a limit on the amount payable to a Holder upon exercise of SARs at any time or in the aggregate,
for a limit on the number of SARs that may be exercised by the Holder in whole or in part for cash during any specified period,
for a limit on the time periods during which a Holder may exercise SARs, and for such other limits on the rights of the Holder
and such other terms and conditions of the SAR, including a condition that the SAR may be exercised only in accordance with rules
and regulations adopted from time to time, as the Board may determine.&nbsp;&nbsp;Unless otherwise so provided in the applicable
Agreement, any such limit relating to a Tandem SAR shall not restrict the exercisability of the related Option.&nbsp;&nbsp;Such
rules and regulations may govern the right to exercise SARs granted prior to the adoption or amendment of such rules and regulations
as well as SARs granted thereafter.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">7.6&nbsp;&nbsp;<I>Exercise</I>.&nbsp;&nbsp;For
purposes of this Article VII, the date of exercise of a SAR shall mean the date on which the Company shall have received notice
from the Holder of the SAR of the exercise of such SAR (unless otherwise determined by the Board and provided in the applicable
Agreement).</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE
VIII</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Restricted
Shares and Restricted Stock Units</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">8.1&nbsp;&nbsp;<I>Grant
of Restricted Shares</I>.&nbsp;&nbsp;Subject to the limitations of the Plan, the Board shall designate those eligible Persons to
be granted Awards of Restricted Shares, shall determine the time when each such Award shall be granted, and shall designate (or
set forth the basis for determining) the Vesting Date or Vesting Dates for each Award of Restricted Shares, and may prescribe other
restrictions, terms and conditions applicable to the vesting of such Restricted Shares in addition to those provided in the Plan.&nbsp;&nbsp;The
Board shall determine the price, if any, to be paid by the Holder for the Restricted Shares; <I>provided, however, </I>that the
issuance of Restricted Shares shall be made for at least the minimum consideration necessary to permit such Restricted Shares to
be deemed fully paid and nonassessable.&nbsp;&nbsp;All determinations made by the Board pursuant to this Section 8.1 shall be specified
in the Agreement.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">8.2&nbsp;&nbsp;<I>Issuance
of Restricted Shares</I>.&nbsp;&nbsp;An Award of Restricted Shares shall be registered in a book entry account (the &ldquo;Account&rdquo;)
in the name of the Holder to whom such Restricted Shares shall have been awarded.&nbsp;&nbsp;During the Restriction Period, the
Account, any certificates representing the Restricted Shares that may be issued during the Restriction Period and any securities
constituting Retained Distributions shall bear a restrictive legend to the effect that ownership of the Restricted Shares (and
such Retained Distributions), and the enjoyment of all rights appurtenant thereto, are subject to the restrictions, terms, and
conditions provided in the Plan and the applicable Agreement.&nbsp;&nbsp;Any such certificates shall remain in the custody of the
Company or its designee, and the Holder shall deposit with the custodian stock powers or other instruments of assignment, each
endorsed in blank, so as to permit retransfer to the Company of all or any portion of the Restricted Shares and any securities
constituting Retained Distributions that shall be forfeited or otherwise not become vested in accordance with the Plan and the
applicable Agreement.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">8.3&nbsp;&nbsp;<I>Restrictions
with respect to Restricted Shares</I>.&nbsp;&nbsp;During the Restriction Period, Restricted Shares shall constitute issued and
outstanding shares of the applicable series of Common Stock for all corporate purposes.&nbsp;&nbsp;The Holder will have the right
to vote such Restricted Shares, to receive and retain such dividends and distributions, as the Board may designate, paid or distributed
on such Restricted Shares, and to exercise all other rights, powers, and privileges of a Holder of shares of the applicable series
of Common Stock with respect to such Restricted Shares; <I>except, that</I>, unless otherwise determined by the Board and provided
in the applicable Agreement,&nbsp;&nbsp;(a)&nbsp;the Holder will not be entitled to delivery of the stock certificate or certificates
representing such Restricted Shares until the Restriction Period shall have expired and unless all other vesting requirements with
respect thereto shall have been fulfilled or waived; (b)&nbsp;the Company or its designee will retain custody of the stock certificate
or certificates representing the Restricted Shares during the Restriction Period as provided in Section 8.2; (c)&nbsp;other than
such dividends and distributions as the Board may designate, the Company or its designee will retain custody of all distributions
(&ldquo;Retained Distributions&rdquo;) made or declared with respect to the Restricted</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Shares (and such Retained Distributions will
be subject to the same restrictions, terms and vesting, and other conditions as are applicable to the Restricted Shares) until
such time, if ever, as the Restricted Shares with respect to which such Retained Distributions shall have been made, paid, or declared
shall have become vested, and such Retained Distributions shall not bear interest or be segregated in a separate account; (d) the
Holder may not sell, assign, transfer, pledge, exchange, encumber, or dispose of the Restricted Shares or any Retained Distributions
or such Holder&rsquo;s interest in any of them during the Restriction Period; and (e) a breach of any restrictions, terms, or conditions
provided in the Plan or established by the Board with respect to any Restricted Shares or Retained Distributions will cause a forfeiture
of such Restricted Shares and any Retained Distributions with respect thereto.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><I>8.4&nbsp;&nbsp;Grant
of Restricted Stock Units</I>.&nbsp;&nbsp;Subject to the limitations of the Plan, the Board shall designate those eligible Persons
to be granted Awards of Restricted Stock Units, the value of which is based, in whole or in part, on the Fair Market Value of the
shares of any specified series of Common Stock.&nbsp;&nbsp;Subject to the provisions of the Plan, including any rules established
pursuant to Section&nbsp;8.5, Awards of Restricted Stock Units shall be subject to such terms, restrictions, conditions, vesting
requirements and payment rules as the Board may determine in its discretion, which need not be identical for each Award.&nbsp;&nbsp;Such
Awards may provide for the payment of cash consideration by the Person to whom such Award is granted or provide that the Award,
and any shares of Common Stock to be issued in connection therewith, if applicable, shall be delivered without the payment of cash
consideration; provided, however, that the issuance of any shares of Common Stock in connection with an Award of Restricted Stock
Units shall be for at least the minimum consideration necessary to permit such shares to be deemed fully paid and nonassessable.&nbsp;&nbsp;The
determinations made by the Board pursuant to this Section 8.4 shall be specified in the applicable Agreement.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><I>8.5&nbsp;&nbsp;Restrictions
with Respect to Restricted Stock Units</I>.&nbsp;&nbsp;Any Award of Restricted Stock Units, including any shares of Common Stock
which are part of an Award of Restricted Stock Units, may not be assigned, sold, transferred, pledged or otherwise encumbered prior
to the date on which the shares are issued or, if later, the date provided by the Board at the time of the Award.&nbsp;&nbsp;A
breach of any restrictions, terms or conditions provided in the Plan or established by the Board with respect to any Award of Restricted
Stock Units will cause a forfeiture of such Restricted Stock Units and any Dividend Equivalents with respect thereto.&nbsp;&nbsp;</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">8.6&nbsp;&nbsp;<I>Issuance
of Restricted Stock Units</I>.&nbsp;&nbsp;Restricted Stock Units shall be issued at the end of the Restriction Period, shall not
constitute issued and outstanding shares of the applicable series of Common Stock, and the Holder shall not have any of the rights
of a stockholder with respect to the shares of Common Stock covered by such an Award of Restricted Stock Units, in each case until
such shares shall have been issued to the Holder at the end of the Restriction Period.&nbsp;&nbsp;If and to the extent that shares
of Common Stock are to be issued at the end of the Restriction Period, the Holder shall be entitled to receive Dividend Equivalents
with respect to the shares of Common Stock covered thereby either (i) during the Restriction Period or (ii) in accordance with
the rules applicable to Retained Distributions, as the Board may specify in the Agreement.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">8.7&nbsp;&nbsp;<I>Cash
Payments</I>.&nbsp;&nbsp;In connection with any Award of Restricted Shares or Restricted Stock Units, an Agreement may provide
for the payment of a cash amount to the Holder of such Awards at any time after such Awards shall have become vested.&nbsp;&nbsp;Such
cash amounts shall be payable in accordance with such additional restrictions, terms, and conditions as shall be prescribed by
the Board in the Agreement and shall be in addition to any other compensation payments which such Holder shall be otherwise entitled
or eligible to receive from the Company.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">8.8&nbsp;&nbsp;<I>Completion
of Restriction Period</I>.&nbsp;&nbsp;On the Vesting Date with respect to each Award of Restricted Shares or Restricted Stock Units
and the satisfaction of any other applicable restrictions, terms, and conditions, (a) all or the applicable portion of such Restricted
Shares or Restricted Stock Units shall become vested, (b) any Retained Distributions with respect to such Restricted Shares and
any unpaid</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Dividend Equivalents with respect to such
Restricted Stock Units shall become vested to the extent that the Awards related thereto shall have become vested, and (c) any
cash amount to be received by the Holder with respect to such Restricted Shares or Restricted Stock Units shall become payable,
all in accordance with the terms of the applicable Agreement.&nbsp;&nbsp;Any such Restricted Shares, Restricted Stock Units, Retained
Distributions, and any unpaid Dividend Equivalents that shall not become vested shall be forfeited to the Company, and the Holder
shall not thereafter have any rights (including dividend and voting rights) with respect to such Restricted Shares, Restricted
Stock Units, Retained Distributions, and any unpaid Dividend Equivalents that shall have been so forfeited.&nbsp;&nbsp;The Board
may, in its discretion, provide that the delivery of any Restricted Shares, Restricted Stock Units, Retained Distributions, and
unpaid Dividend Equivalents that shall have become vested, and payment of any related cash amounts that shall have become payable
under this Article VIII, shall be deferred until such date or dates as the recipient may elect.&nbsp;&nbsp;Any election of a recipient
pursuant to the preceding sentence shall be filed in writing with the Board in accordance with such rules and regulations, including
any deadline for the making of such an election, as the Board may provide, and shall be made in compliance with Section 409A of
the Code.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE
IX</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Stock
Awards in Lieu of Cash Director Fees</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">9.1&nbsp;&nbsp;<I>General.</I>&nbsp;&nbsp;Each
Nonemployee Director shall have the option to elect to receive shares of one or more series of Common Stock, as prescribed by the
Board, in lieu of all or part of the Director Compensation otherwise payable by the Company during each calendar quarter.&nbsp;&nbsp;Subject
to any applicable Purchase Restriction as described in Section 9.3, to the extent a Nonemployee Director has elected in writing
to receive stock in lieu of Director Compensation, such Nonemployee Director will receive shares of Common Stock on the last day
of the calendar quarter for which the Director Compensation was earned.&nbsp;&nbsp;The Director Compensation shall be converted
to a number of shares of Common Stock equal in value to such Director Compensation based on the Fair Market Value of such shares
on the last day of the calendar quarter for which the Director Compensation would otherwise be payable to the Nonemployee Director,
with any fractional shares paid in cash.&nbsp;&nbsp;For this purpose, if the last day of the calendar quarter is not a trading
day, then Fair Market Value shall be determined as of the next succeeding trading day.&nbsp;&nbsp;Any shares issued in lieu of
Director Compensation shall be issued free of all restrictions except as required by law.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">9.2&nbsp;&nbsp;<I>Timing
of Election</I>.&nbsp;&nbsp;A Nonemployee Director&rsquo;s election pursuant to Section 9.1 must be made no later than the 30th
calendar day (or such other day as the Board may prescribe) prior to the end of the calendar quarter to which the election applies
in accordance with the procedures established by the Board.&nbsp;&nbsp;Once an election is made with respect to a particular calendar
quarter, it may not be withdrawn or substituted unless the Board determines, in its sole discretion, that the withdrawal or substitution
is occasioned by an extraordinary or unanticipated event.&nbsp;&nbsp;</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">9.3&nbsp;&nbsp;<I>Election
Void during Restricted Period</I>.&nbsp;&nbsp;If, on the date shares would be purchased pursuant to an election under Section 9.1,
there is in place any restriction under applicable law (including a blackout period under the Sarbanes-Oxley Act of 2002) or the
rules of the principal national securities exchange on which shares of the applicable series of Common Stock are traded (a &ldquo;Purchase
Restriction&rdquo;) which would prohibit the Nonemployee Director from making such a purchase, then such shares shall be purchased
on the first trading day following the lapse or removal of the Purchase Restriction based on the Fair Market Value of the shares
on such trading day.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">9.4&nbsp;&nbsp;<I>Conditions</I>.&nbsp;&nbsp;Nothing
contained herein shall preclude the Board, in its sole discretion, from imposing conditions on any election made under Section
9.1, including the conditions described in Section 9.3.</P>

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


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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE
X</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">General
Provisions</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.1&nbsp;&nbsp;&nbsp;<I>Acceleration
of Awards. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 63pt">(a)&nbsp;&nbsp;<I>Death
or Disability</I>.&nbsp;&nbsp;If a Holder&rsquo;s service shall terminate by reason of death or Disability, notwithstanding any
contrary waiting period, installment period, vesting schedule, or Restriction Period in any Agreement or in the Plan, unless the
applicable Agreement provides otherwise:&nbsp;&nbsp;(i) in the case of an Option or SAR, each outstanding Option or SAR granted
under the Plan shall immediately become exercisable in full in respect of the aggregate number of shares covered thereby; (ii)
in the case of Restricted Shares, the Restriction Period applicable to each such Award of Restricted Shares shall be deemed to
have expired and all such Restricted Shares and any related Retained Distributions shall become vested and any related cash amounts
payable pursuant to the applicable Agreement shall be adjusted in such manner as may be provided in the Agreement; and (iii) in
the case of Restricted Stock Units, the Restriction Period applicable to each such Award of Restricted Stock Units shall be deemed
to have expired and all such Restricted Stock Units and any unpaid Dividend Equivalents shall become vested and any related cash
amounts payable pursuant to the applicable Agreement shall be adjusted in such manner as may be provided in the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 63pt">(b)&nbsp;&nbsp;<I>Approved
Transactions; Board Change; Control Purchase</I>.&nbsp;&nbsp;In the event of any Approved Transaction, Board Change or Control
Purchase, notwithstanding any contrary waiting period, installment period, vesting schedule, or Restriction Period in any Agreement
or in the Plan, unless the applicable Agreement provides otherwise:&nbsp;&nbsp;(i) in the case of an Option or SAR, each such outstanding
Option or SAR granted under the Plan shall become exercisable in full in respect of the aggregate number of shares covered thereby;
(ii) in the case of Restricted Shares, the Restriction Period applicable to each such Award of Restricted Shares shall be deemed
to have expired and all such Restricted Shares and any related Retained Distributions shall become vested and any related cash
amounts payable pursuant to the applicable Agreement shall be adjusted in such manner as may be provided in the Agreement; and
(iii) in the case of Restricted Stock Units, the Restriction Period applicable to each such Award of Restricted Stock Units shall
be deemed expired and all such Restricted Stock Units and any unpaid Dividend Equivalents shall become vested and any related cash
amounts payable pursuant to the applicable Agreement shall be adjusted in such manner as may be provided in the Agreement, in each
case effective upon the Board Change or Control Purchase or immediately prior to consummation of the Approved Transaction.&nbsp;&nbsp;Notwithstanding
the foregoing, unless otherwise provided in the applicable Agreement, the Board may, in its discretion, determine that any or all
outstanding Awards of any or all types granted pursuant to the Plan will not vest or become exercisable on an accelerated basis
in connection with an Approved Transaction if effective provision has been made for the taking of such action which, in the opinion
of the Board, is equitable and appropriate to substitute a new Award for such Award or to assume such Award and to make such new
or assumed Award, as nearly as may be practicable, equivalent to the old Award (before giving effect to any acceleration of the
vesting or exercisability thereof), taking into account, to the extent applicable, the kind and amount of securities, cash, or
other assets into or for which the applicable series of Common Stock may be changed, converted, or exchanged in connection with
the Approved Transaction.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.2&nbsp;&nbsp;&nbsp;<I>Termination
of Service</I>.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 63pt">(a)&nbsp;&nbsp;<I>General</I>.&nbsp;&nbsp;If
a Holder&rsquo;s service shall terminate prior to an Option or SAR becoming exercisable or being exercised (or deemed exercised,
as provided in Section 7.2), in full, or during the Restriction Period with respect to any Restricted Shares or any Restricted
Stock Units, then such Option or SAR shall thereafter become or be exercisable, and the Holder&rsquo;s rights to any unvested Restricted
Shares, Retained Distributions and related cash amounts and any unvested Restricted Stock Units, unpaid Dividend Equivalents and
related cash amounts shall thereafter vest, in each case solely to the extent provided in the applicable Agreement; <I>provided,
however, </I>that, unless otherwise determined by the Board</P>

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


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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">and provided in the applicable Agreement,
(i) no Option or SAR may be exercised after the scheduled expiration date thereof; (ii) if the Holder&rsquo;s service terminates
by reason of death or Disability, the Option or SAR shall remain exercisable for a period of at least one year following such termination
(but not later than the scheduled expiration of such Option or SAR); and (iii) any termination of the Holder&rsquo;s service for
cause will be treated in accordance with the provisions of Section 10.2(b).</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 63pt">(b)&nbsp;&nbsp;<I>Termination
for Cause</I>.&nbsp;&nbsp;If a Holder&rsquo;s service on the Board shall be terminated by the Company during the Restriction Period
with respect to any Restricted Shares or Restricted Stock Units, or prior to any Option or SAR becoming exercisable or being exercised
in full, for &ldquo;cause&rdquo; (for these purposes, cause shall include, but not be limited to, insubordination, dishonesty,
incompetence, moral turpitude, other misconduct of any kind, and the refusal to perform such Holder&rsquo;s duties and responsibilities
for any reason other than illness or incapacity; <I>provided, however, </I>that if such termination occurs within 12 months after
an Approved Transaction or Control Purchase or Board Change, termination for cause shall mean only a felony conviction for fraud,
misappropriation, or embezzlement), then, unless otherwise determined by the Board and provided in the applicable Agreement,&nbsp;&nbsp;(i)
all Options and SARs held by such Holder shall immediately terminate and (ii) such Holder&rsquo;s rights to all Restricted Shares,
Restricted Stock Units, Retained Distributions, any unpaid Dividend Equivalents and any related cash amounts shall be forfeited
immediately.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.3&nbsp;&nbsp;&nbsp;<I>Nonalienation
of Benefits</I>.&nbsp;&nbsp;Except as set forth herein, no right or benefit under the Plan shall be subject to anticipation, alienation,
sale, assignment, hypothecation, pledge, exchange, transfer, encumbrance, or charge, and any attempt to anticipate, alienate, sell,
assign, hypothecate, pledge, exchange, transfer, encumber or charge the same shall be void.&nbsp;&nbsp;No right or benefit hereunder
shall in any manner be liable for or subject to the debts, contracts, liabilities, or torts of the Person entitled to such benefits.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.4&nbsp;&nbsp;&nbsp;<I>Written
Agreement</I>.&nbsp;&nbsp;Each Award under the Plan shall be evidenced by a written agreement, in such form as the Board shall
approve from time to time in its discretion, specifying the terms and provisions of such Award which may not be inconsistent with
the provisions of the Plan; <I>provided</I>, <I>however</I>, that if more than one type of Award is made to the same Holder, such
Awards may be evidenced by a single Agreement with such Holder.&nbsp;&nbsp;Each grantee of an Option, SAR, Restricted Shares or
Restricted Stock Units shall be notified promptly of such grant, and a written Agreement shall be promptly delivered by the Company.&nbsp;&nbsp;Any
such written Agreement may contain (but shall not be required to contain) such provisions as the Board deems appropriate (i) to
insure that the penalty provisions of Section 4999 of the Code will not apply to any stock or cash received by the Holder from
the Company or (ii) to provide cash payments to the Holder to mitigate the impact of such penalty provisions upon the Holder.&nbsp;&nbsp;Any
such Agreement may be supplemented or amended from time to time as approved by the Board as contemplated by Section 10.6(b).</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.5&nbsp;&nbsp;&nbsp;<I>Nontransferability</I>.&nbsp;&nbsp;Unless
otherwise determined by the Board and expressly provided for in an Agreement, Awards are not transferable (either voluntarily or
involuntarily), before or after a Holder&rsquo;s death, except as follows: (a) during the Holder&rsquo;s lifetime, pursuant to
a Domestic Relations Order, issued by a court of competent jurisdiction, that is not contrary to the terms and conditions of the
Plan or any applicable Agreement, and in a form acceptable to the Board; or (b) after the Holder&rsquo;s death, by will or pursuant
to the applicable laws of descent and distribution, as may be the case.&nbsp;&nbsp;Any person to whom Awards are transferred in
accordance with the provisions of the preceding sentence shall take such Awards subject to all of the terms and conditions of the
Plan and any applicable Agreement.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.6&nbsp;&nbsp;&nbsp;<I>Termination
and Amendment</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 63pt">(a)&nbsp;&nbsp;<I>General</I>.&nbsp;&nbsp;Unless
the Plan shall theretofore have been terminated as hereinafter provided, no Awards may be made under the Plan on or after the fifth
anniversary of the Effective Date.&nbsp;&nbsp;The Plan may be terminated at any time prior to such date and may, from time to time,
be suspended or discontinued or modified or amended if such action is deemed advisable by the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 63pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 63pt">(b)&nbsp;&nbsp;<I>Modification</I>.&nbsp;&nbsp;No
termination, modification or amendment of the Plan may, without the consent of the Person to whom any Award shall theretofore have
been granted, adversely affect the rights of such Person with respect to such Award.&nbsp;&nbsp;No modification, extension, renewal,
or other change in any Award granted under the Plan shall be made after the grant of such Award, unless the same is consistent
with the provisions of the Plan.&nbsp;&nbsp;With the consent of the Holder and subject to the terms and conditions of the Plan
(including Section 10.6(a)), the Board may amend outstanding Agreements with any Holder, including any amendment which would (i)&nbsp;accelerate
the time or times at which the Award may be exercised and/or (ii)&nbsp;extend the scheduled expiration date of the Award.&nbsp;&nbsp;Without
limiting the generality of the foregoing, the Board may, but solely with the Holder&rsquo;s consent unless otherwise provided in
the Agreement, agree to cancel any Award under the Plan and grant a new Award in substitution therefor, provided that the Award
so substituted shall satisfy all of the requirements of the Plan as of the date such new Award is made.&nbsp;&nbsp;Nothing contained
in the foregoing provisions of this Section 10.6(b) shall be construed to prevent the Board from providing in any Agreement that
the rights of the Holder with respect to the Award evidenced thereby shall be subject to such rules and regulations as the Board
may, subject to the express provisions of the Plan, adopt from time to time or impair the enforceability of any such provision.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.7&nbsp;&nbsp;&nbsp;<I>Government
and Other Regulations</I>.&nbsp;&nbsp;The obligation of the Company with respect to Awards shall be subject to all applicable laws,
rules, and regulations and such approvals by any governmental agencies as may be required, including the effectiveness of any registration
statement required under the Securities Act of 1933, and the rules and regulations of any securities exchange or association on
which the Common Stock may be listed or quoted.&nbsp;&nbsp;For so long as any series of Common Stock are registered under the Exchange
Act, the Company shall use its reasonable efforts to comply with any legal requirements (i)&nbsp;to maintain a registration statement
in effect under the Securities Act of 1933 with respect to all shares of the applicable series of Common Stock that may be issuable,
from time to time, to Holders under the Plan and (ii)&nbsp;to file in a timely manner all reports required to be filed by it under
the Exchange Act.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.8&nbsp;&nbsp;&nbsp;<I>Withholding</I>.&nbsp;&nbsp;The
Company&rsquo;s obligation to deliver shares of Common Stock or pay cash in respect of any Award under the Plan shall be subject
to applicable federal, state, and local tax withholding requirements.&nbsp;&nbsp;Federal, state, and local withholding tax due
at the time of an Award, upon the exercise of any Option or SAR or upon the vesting of, or expiration of restrictions with respect
to, Restricted Shares or Restricted Stock Units, as appropriate, may, in the discretion of the Board, be paid in shares of Common
Stock already owned by the Holder or through the withholding of shares otherwise issuable to such Holder, upon such terms and conditions
(including the conditions referenced in Section&nbsp;6.5) as the Board shall determine.&nbsp;&nbsp;If the Holder shall fail to
pay, or make arrangements satisfactory to the Board for the payment to the Company of, all such federal, state and local taxes
required to be withheld by the Company, then the Company shall, to the extent permitted by law, have the right to deduct from any
payment of any kind otherwise due to such Holder an amount equal to any federal, state, or local taxes of any kind required to
be withheld by the Company with respect to such Award.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.9&nbsp;&nbsp;&nbsp;<I>Nonexclusivity
of the Plan</I>.&nbsp;&nbsp;The adoption of the Plan by the Board shall not be construed as creating any limitations on the power
of the Board to adopt such other incentive arrangements as it may deem desirable, including the granting of stock options and the
awarding of stock and cash otherwise than under the Plan, and such arrangements may be either generally applicable or applicable
only in specific cases.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.10&nbsp;&nbsp;<I>Exclusion
from Other Plans</I>.&nbsp;&nbsp;By acceptance of an Award, unless otherwise provided in the applicable Agreement, each Holder
shall be deemed to have agreed that such Award is special incentive compensation that will not be taken into account, in any manner,
as compensation or bonus in determining the amount of any payment under any pension, retirement or other benefit plan, program,
or policy of the Company or any Subsidiary of the Company.&nbsp;&nbsp;In addition, each beneficiary of a deceased Holder shall
be deemed to have agreed that such Award will not affect the amount of any life insurance</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">coverage, if any, provided by the Company
on the life of the Holder which is payable to such beneficiary under any life insurance plan of the Company or any Subsidiary of
the Company. Director Compensation elected to be received in the form of stock in lieu of cash shall be treated as regular compensation
for purposes of any Director retirement or life insurance plan.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.11&nbsp;&nbsp;<I>Unfunded
Plan</I>.&nbsp;&nbsp;Neither the Company nor any Subsidiary of the Company shall be required to segregate any cash or any shares
of Common Stock which may at any time be represented by Awards, and the Plan shall constitute an &ldquo;unfunded&rdquo; plan of
the Company.&nbsp;&nbsp;Except as provided in Article VIII with respect to Awards of Restricted Shares and except as expressly
set forth in an Agreement, no Holder shall have voting or other rights with respect to the shares of Common Stock covered by an
Award prior to the delivery of such shares.&nbsp;&nbsp;Neither the Company nor any Subsidiary of the Company shall, by any provisions
of the Plan, be deemed to be a trustee of any shares of Common Stock or any other property, and the liabilities of the Company
and any Subsidiary of the Company to any Holder pursuant to the Plan shall be those of a debtor pursuant to such contract obligations
as are created by or pursuant to the Plan, and shall be limited to those of a general creditor of the Company or the applicable
Subsidiary of the Company, as the case may be.&nbsp;&nbsp;In its sole discretion, the Board may authorize the creation of trusts
or other arrangements to meet the obligations of the Company under the Plan, <I>provided, however</I>, that the existence of such
trusts or other arrangements is consistent with the unfunded status of the Plan.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.12&nbsp;&nbsp;<I>Governing
Law</I>.&nbsp;&nbsp;The Plan shall be governed by, and construed in accordance with, the laws of the State of Delaware.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.13&nbsp;&nbsp;<I>Accounts</I>.&nbsp;&nbsp;The
delivery of any shares of Common Stock and the payment of any amount in respect of an Award shall be for the account of the Company
or the applicable Subsidiary of the Company, as the case may be, and any such delivery or payment shall not be made until the recipient
shall have paid or made satisfactory arrangements for the payment of any applicable withholding taxes as provided in Section 10.8.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.14&nbsp;&nbsp;<I>Legends</I>.&nbsp;&nbsp;Any
certificate evidencing shares of Common Stock subject to an Award shall bear such legends as the Board deems necessary or appropriate
to reflect or refer to any terms, conditions, or restrictions of the Award applicable to such shares, including any to the effect
that the shares represented thereby may not be disposed of unless the Company has received an opinion of counsel, acceptable to
the Company, that such disposition will not violate any federal or state securities laws.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.15&nbsp;&nbsp;<I>Company's
Rights</I>.&nbsp;&nbsp;The grant of Awards pursuant to the Plan shall not affect in any way the right or power of the Company to
make reclassifications, reorganizations, or other changes of or to its capital or business structure or to merge, consolidate,
liquidate, sell, or otherwise dispose of all or any part of its business or assets.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">10.16&nbsp;&nbsp;<I>Section
409A</I>.&nbsp;&nbsp;It is the intent of the Company that Awards under this Plan comply with the requirements of, or be exempt
from the application of, Section 409A of the Code and related regulations and United States Department of the Treasury pronouncements
(&ldquo;Section 409A&rdquo;), and the provisions of this Plan will be administered, interpreted and construed accordingly.&nbsp;&nbsp;Notwithstanding
anything in this Plan to the contrary, if any Plan provision or Award under the Plan would result in the imposition of an additional
tax under Section 409A, that Plan provision or Award will be construed or reformed to avoid imposition of the applicable tax and
no action taken to comply with Section 409A shall be deemed to adversely affect the Holder&rsquo;s rights to an Award.</P>

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<TYPE>EX-99.3
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<FILENAME>t1602871_ex99-3.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
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<P STYLE="margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.3</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2016 OMNIBUS INCENTIVE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>Article
I</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURPOSE OF PLAN; EFFECTIVE DATE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Purpose</I>.
The purpose of the Plan is to promote the success of the Company by providing a method whereby (i) eligible employees of the Company
and its Subsidiaries and (ii) independent contractors and Nonemployee Directors providing services to the Company and its Subsidiaries
may be awarded additional remuneration for services rendered and may be encouraged to invest in capital stock of the Company, thereby
increasing their proprietary interest in the Company&rsquo;s businesses, encouraging them to remain in the employ or service of
the Company or its Subsidiaries, and increasing their personal interest in the continued success and progress of the Company and
its Subsidiaries. The Plan is also intended to aid in (i) attracting Persons of exceptional ability to become officers and employees
of the Company and its Subsidiaries and (ii)&nbsp;inducing Nonemployee Directors or independent contractors to agree to provide
services to the Company and its Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Effective
Date</I>. The Plan shall be effective as of June 14, 2016 (the &ldquo;Effective Date&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>Article
II</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Certain
Defined Terms</I>. Capitalized terms not defined elsewhere in the Plan shall have the following meanings (whether used in the singular
or plural):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Account&rdquo;
has the meaning ascribed thereto in Section&nbsp;8.2.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Affiliate&rdquo;
of the Company means any corporation, partnership or other business association that, directly or indirectly, through one or more
intermediaries, controls, is controlled by, or is under common control with the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Agreement&rdquo;
means a stock option agreement, stock appreciation rights agreement, restricted shares agreement, restricted stock units agreement,
cash award agreement or an agreement evidencing more than one type of Award, specified in Section&nbsp;10.7, as any such Agreement
may be supplemented or amended from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Approved
Transaction&rdquo; means any transaction in which the Board (or, if approval of the Board is not required as a matter of law, the
stockholders of the Company) shall approve (i)&nbsp;any consolidation or merger of the Company, or binding share exchange, pursuant
to which shares of Common Stock of the Company would be changed or converted into or exchanged for cash, securities, or other property,
other than any such transaction in which the common stockholders of the Company immediately prior to such transaction have the
same proportionate ownership of the Common Stock of, and voting power with respect to, the surviving corporation immediately after
such transaction, (ii)&nbsp;any merger, consolidation or binding share exchange to which the Company is a party as a result of
which the Persons who are common stockholders of the Company immediately prior thereto have less than a majority of the combined
voting power of the outstanding capital stock of the Company ordinarily (and apart from the rights accruing under special circumstances)
having the right to vote in the election of directors immediately following such merger, consolidation or binding share exchange,
(iii)&nbsp;the adoption of any plan or proposal</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">for the liquidation or dissolution
of the Company, or (iv)&nbsp;any sale, lease, exchange or other transfer (in one transaction or a series of related transactions)
of all, or substantially all, of the assets of the Company</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Award&rdquo;
means a grant of Options, SARs, Restricted Shares, Restricted Stock Units, Performance Awards, Cash Awards and/or cash amounts
under the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Board&rdquo;
means the Board of Directors of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Board
Change&rdquo; means, during any period of two consecutive years, individuals who at the beginning of such period constituted the
entire Board cease for any reason to constitute a majority thereof unless the election, or the nomination for election, of each
new director was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning
of the period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Cash
Award&rdquo; means an Award made pursuant to Section&nbsp;9.1 of the Plan to a Holder that is paid solely on account of the attainment
of one or more Performance Objectives that have been pre-established by the Committee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Cash
Award Limitation&rdquo; has the meaning ascribed thereto in Section&nbsp;4.1(b).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Code&rdquo;
means the Internal Revenue Code of 1986, as amended from time to time, or any successor statute or statutes thereto. Reference
to any specific Code section shall include any successor section.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Committee&rdquo;
means the committee of the Board appointed pursuant to Section&nbsp;3.1 to administer the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Common
Stock&rdquo; means each or any (as the context may require) series of the Company&rsquo;s common stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Company&rdquo;
means Starz (f/k/a Liberty Media Corporation), a Delaware corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Control
Purchase&rdquo; means any transaction (or series of related transactions) in which any person (as such term is defined in Sections
13(d)(3) and 14(d)(2) of the Exchange Act), corporation or other entity (other than the Company, any Subsidiary of the Company
or any employee benefit plan sponsored by the Company or any Subsidiary of the Company or any Exempt Person (as defined below))
shall become the &ldquo;beneficial owner&rdquo; (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly,
of securities of the Company representing 20% or more of the combined voting power of the then outstanding securities of the Company
ordinarily (and apart from the rights accruing under special circumstances) having the right to vote in the election of directors
(calculated as provided in Rule 13d-3(d) under the Exchange Act in the case of rights to acquire the Company&rsquo;s securities),
other than in a transaction (or series of related transactions) approved by the Board. For purposes of this definition, &ldquo;Exempt
Person&rdquo; means each of (a)&nbsp;the Chairman of the Board, the President, the Chief Executive Officer, each of the directors
of the Company and John C. Malone as of the Effective Date, and (b)&nbsp;the respective family members, estates and heirs of each
of the Persons referred to in clause (a) above and any trust or other investment vehicle for the primary benefit of any of such
Persons or their respective family members or heirs. As used with respect to any Person, the term &ldquo;family member&rdquo; means
the spouse, siblings and lineal descendants of such Person.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Director
Award Limitation&rdquo; has the meaning ascribed thereto in Section&nbsp;4.1(b).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Disability&rdquo;
means the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment
which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than
12 months.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Dividend
Equivalents&rdquo; means, with respect to Restricted Stock Units, to the extent specified by the Committee only, an amount equal
to all dividends and other distributions (or the economic equivalent thereof) which are payable to stockholders of record during
the Restriction Period on a like number and kind of shares of Common Stock. Notwithstanding any provision of the Plan to the contrary,
Dividend Equivalents with respect to a Performance Award may only be paid to the extent the Performance Award is actually paid
to the Holder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Domestic
Relations Order&rdquo; means a domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security
Act of 1974, as amended, or the rules thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Equity
Security&rdquo; shall have the meaning ascribed to such term in Section 3(a)(11) of the Exchange Act, and an equity security of
an issuer shall have the meaning ascribed thereto in Rule 16a-1 promulgated under the Exchange Act, or any successor Rule.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Exchange
Act&rdquo; means the Securities Exchange Act of 1934, as amended from time to time, or any successor statute or statutes thereto.
Reference to any specific Exchange Act section shall include any successor section.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Fair
Market Value&rdquo; of a share of any series of Common Stock on any day means (i) for Option and SAR exercise transactions effected
on any third-party incentive award administration system provided by the Company, the current high bid price of a share of any
series of Common Stock as reported on the consolidated transaction reporting system on the principal national securities exchange
on which shares of such series of Common Stock are listed on such day or if such shares are not then listed on a national securities
exchange, then as quoted by OTC Markets Group Inc., or (ii) for all other purposes under this Plan, the last sale price (or, if
no last sale price is reported, the average of the high bid and low asked prices) for a share of such series of Common Stock on
such day (or, if such day is not a trading day, on the next preceding trading day) as reported on the consolidated transaction
reporting system for the principal national securities exchange on which shares of such series of Common Stock are listed on such
day or if such shares are not then listed on a national securities exchange, then as quoted by OTC Markets Group Inc. If for any
day the Fair Market Value of a share of the applicable series of Common Stock is not determinable by any of the foregoing means,
then the Fair Market Value for such day shall be determined in good faith by the Committee on the basis of such quotations and
other considerations as the Committee deems appropriate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Free
Standing SAR&rdquo; has the meaning ascribed thereto in Section 7.1.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Holder&rdquo;
means a Person who has received an Award under the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Nonemployee
Director&rdquo; means an individual who is a member of the Board and who is neither an officer nor an employee of the Company or
any Subsidiary.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Option&rdquo;
means a stock option granted under Article&nbsp;VI.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Performance
Award&rdquo; means an Award made pursuant to Article&nbsp;IX of the Plan to a Holder that is subject to the attainment of one or
more Performance Objectives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Performance
Objective&rdquo; means a standard established by the Committee to determine in whole or in part whether a Performance Award shall
be earned.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Person&rdquo;
means an individual, corporation, limited liability company, partnership, trust, incorporated or unincorporated association, joint
venture or other entity of any kind.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Plan&rdquo;
means this Starz 2016 Omnibus Incentive Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Prior
Plans&rdquo; means the Starz 2011 Incentive Plan and the Starz 2011 Nonemployee Director Incentive Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Restricted
Shares&rdquo; means shares of any series of Common Stock awarded pursuant to Section&nbsp;8.1.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Restricted
Stock Unit&rdquo; means a unit evidencing the right to receive in specified circumstances one share of the specified series of
Common Stock or the equivalent value in cash, which right may be subject to a Restriction Period or forfeiture provisions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Restriction
Period&rdquo; means a period of time beginning on the date of each Award of Restricted Shares or Restricted Stock Units and ending
on the Vesting Date with respect to such Award.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Retained
Distribution&rdquo; has the meaning ascribed thereto in Section&nbsp;8.3.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;SARs&rdquo;
means stock appreciation rights, awarded pursuant to Article&nbsp;VII, with respect to shares of any specified series of Common
Stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Section
409A&rdquo; has the meaning ascribed thereto in Section 10.20.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Share-Based
Limitation&rdquo; has the meaning ascribed thereto in Section&nbsp;4.1(b).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Subsidiary&rdquo;
of a Person means any present or future subsidiary (as defined in Section 424(f) of the Code) of such Person or any business entity
in which such Person owns, directly or indirectly, 50% or more of the voting, capital or profits interests. An entity shall be
deemed a subsidiary of a Person for purposes of this definition only for such periods as the requisite ownership or control relationship
is maintained.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Tandem
SARs&rdquo; has the meaning ascribed thereto in Section 7.1.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;Vesting
Date,&rdquo; with respect to any Restricted Shares or Restricted Stock Units awarded hereunder, means the date on which such Restricted
Shares or Restricted Stock Units cease to be subject to a risk of forfeiture, as designated in or determined in accordance with
the Agreement with respect to such Award of Restricted Shares or Restricted Stock Units pursuant to Article VIII. If more than
one Vesting Date is designated for an Award of Restricted Shares or Restricted Stock Units, reference in the Plan to a Vesting
Date in respect of such Award shall be deemed to refer to each part of such Award and the Vesting Date for such part. The Vesting
Date for a particular Award will be established by the Committee and, for the avoidance of doubt but subject to Section 10.5, may
be contemporaneous with the date of grant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #010000"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>Article
III</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Committee.</I>
The Plan shall be administered by the Compensation Committee of the Board unless a different committee is appointed by the Board.
The Committee shall be comprised of not less than two Persons. The Board may from time to time appoint members of the Committee
in substitution for or in addition to members previously appointed, may fill vacancies in the Committee and may remove members
of the Committee. The Committee shall select one of its members as its chairman and shall hold its meetings at such times and places
as it shall deem advisable. A majority of its members shall constitute a quorum and all determinations shall be made by a majority
of such quorum. Any determination reduced to writing and signed by all of the members shall be as fully effective as if it had
been made by a majority vote at a meeting duly called and held.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Power</I>s.
The Committee shall have full power and authority to grant to eligible Persons Options under Article&nbsp;VI of the Plan, SARs
under Article&nbsp;VII of the Plan, Restricted Shares under Article&nbsp;VIII of the Plan, Restricted Stock Units under Article&nbsp;VIII
of the Plan, Cash Awards under Article&nbsp;IX of the Plan and/or Performance Awards under Article&nbsp;IX of the Plan, to determine
the terms and conditions (which need not be identical) of all Awards so granted, to interpret the provisions of the Plan and any
Agreements relating to Awards granted under the Plan and to supervise the administration of the Plan. The Committee in making an
Award may provide for the granting or issuance of additional, replacement or alternative Awards upon the occurrence of specified
events, including the exercise of the original Award. The Committee shall have sole authority in the selection of Persons to whom
Awards may be granted under the Plan and in the determination of the timing, pricing and amount of any such Award, subject only
to the express provisions of the Plan. In making determinations hereunder, the Committee may take into account the nature of the
services rendered by the respective employees, officers, independent contractors and Nonemployee Directors, their present and potential
contributions to the success of the Company and its Subsidiaries, and such other factors as the Committee in its discretion deems
relevant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Interpretation</I>.
The Committee is authorized, subject to the provisions of the Plan, to establish, amend and rescind such rules and regulations
as it deems necessary or advisable for the proper administration of the Plan and to take such other action in connection with or
in relation to the Plan as it deems necessary or advisable. Each action and determination made or taken pursuant to the Plan by
the Committee, including any interpretation or construction of the Plan, shall be final and conclusive for all purposes and upon
all Persons. No member of the Committee shall be liable for any action or determination made or taken by such member or the Committee
in good faith with respect to the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Awards
to Nonemployee Directors</I>. The Board shall have the same powers as the Committee with respect to awards to Nonemployee Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>Article
IV</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SHARES SUBJECT TO THE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="color: #010000; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Number
of Shares</I>. Subject to the provisions of this Article IV, the maximum number of shares of Common Stock with respect to which
Awards may be granted during the term of the Plan shall be an aggregate of <FONT STYLE="font-size: 10pt">10,128,130</FONT> shares.
Shares of Common Stock will be made available from the authorized but unissued shares of the</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">Company or
from shares reacquired by the Company, including shares purchased in the open market. The shares of Common Stock subject to (i)&nbsp;any
Award granted under the Plan or the Prior Plans that shall expire, terminate or be cancelled or annulled for any reason without
having been exercised (or considered to have been exercised as provided in Section 7.2), (ii)&nbsp;any Award of any SARs granted
under the Plan the terms of which provide for settlement in cash, and (iii)&nbsp;any Award of Restricted Shares or Restricted Stock
Units under this Plan or the Prior Plans that shall be forfeited prior to becoming vested (provided that the Holder received no
benefits of ownership of such Restricted Shares or Restricted Stock Units other than voting rights and the accumulation of Retained
Distributions and unpaid Dividend Equivalents that are likewise forfeited) shall again be available for purposes of the Plan. Notwithstanding
the foregoing, the following shares of Common Stock may not again be made available for issuance as Awards under the Plan: (a)&nbsp;shares
of Common Stock not issued or delivered as a result of the net settlement of an outstanding Option or SAR, (b)&nbsp;shares of Common
Stock used to pay the purchase price or withholding taxes related to an outstanding Award, or (c)&nbsp;shares of Common Stock repurchased
on the open market with the proceeds of an Option purchase price.</P>

<P STYLE="color: #010000; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Award
Limitations</I>. Except for adjusted or substituted Awards described in Section 4.2 or&nbsp;10.1(b), no Person may be granted in
any calendar year Awards covering more than 7,627,000 shares of Common Stock (as such amount may be adjusted from time to time
as provided in Section 4.2) (the &ldquo;Share-Based Limitation&rdquo;). No Person shall receive payment for Cash Awards during
any calendar year aggregating in excess of $10,000,000 (the &ldquo;Cash Award Limitation&rdquo;). No Nonemployee Director may be
granted during any calendar year Awards having a value determined on the date of grant in excess of $500,000 (the &ldquo;Director
Award Limitation&rdquo;). In general, each Award is only subject to a single limitation as set forth above, and Awards granted
to Nonemployee Directors shall only be subject to the Director Award Limitation. However, an employee or independent contractor
may be granted Awards in combination such that portions of the award are subject to differing limitations set out in this Section
4.1(b), in which event each portion of the combination Award is subject to only a single appropriate limitation as set forth above.
For example if an employee is granted an Award that is in part a share-based Award and in part a Cash Award, then the share-based
Award shall be subject to only to the Share-Based Limitation and the Cash Award shall be subject only to the Cash Award Limitation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Adjustments</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If
the Company subdivides its outstanding shares of any series of Common Stock into a greater number of shares of such series of Common
Stock (by stock dividend, stock split, reclassification, or otherwise) or combines its outstanding shares of any series of Common
Stock into a smaller number of shares of such series of Common Stock (by reverse stock split, reclassification, or otherwise) or
if the Committee determines that any stock dividend, extraordinary cash dividend, reclassification, recapitalization, reorganization,
stock redemption, split-up, spin-off, combination, exchange of shares, warrants or rights offering to purchase such series of Common
Stock or other similar corporate event (including mergers or consolidations other than those which constitute Approved Transactions,
adjustments with respect to which shall be governed by Section 10.1(b)) affects any series of Common Stock so that an adjustment
is required to preserve the benefits or potential benefits intended to be made available under the Plan, then the Committee, in
such manner as the Committee, in its sole discretion, deems</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">equitable and appropriate, shall
make such adjustments to any or all of (i)&nbsp;the number and kind of shares of stock which thereafter may be awarded, optioned
or otherwise made subject to the benefits contemplated by the Plan, including such adjustments to the Share-Based Limitation in
Section 4.1(b), (ii)&nbsp;the number and kind of shares of stock subject to outstanding Awards, and (iii)&nbsp;the purchase or
exercise price and the relevant appreciation base with respect to any of the foregoing, provided, however, that the number of shares
subject to any Award shall always be a whole number. The Committee may, if deemed appropriate, provide for a cash payment to any
Holder of an Award in connection with any adjustment made pursuant to this Section&nbsp;4.2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Notwithstanding
any provision of the Plan to the contrary, in the event of a corporate merger, consolidation, acquisition of property or stock,
separation, reorganization or liquidation, the Committee shall be authorized, in its discretion, (i)&nbsp;to provide, prior to
the transaction, for the acceleration of the vesting and exercisability of, or lapse of restrictions with respect to, the Award
and, if the transaction is a cash merger, provide for the termination of any portion of the Award that remains unexercised at the
time of such transaction, or (ii)&nbsp;to cancel any such Awards and to deliver to the Holders cash in an amount that the Committee
shall determine in its sole discretion is equal to the fair market value of such Awards on the date of such event, which in the
case of Options or SARs shall be the excess of the Fair Market Value (as determined in sub-section (ii) of the definition of such
term) of Common Stock on such date over the purchase price of the Options or the base price of the SARs, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>No
adjustment or substitution pursuant to this Section&nbsp;4.2 shall be made in a manner that results in noncompliance with the requirements
of Section&nbsp;409A, to the extent applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>Article
V</B></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The Persons who shall
be eligible to participate in the Plan and to receive Awards under the Plan shall be such Persons who are employees (including
officers and directors) of, or Nonemployee Directors or independent contractors providing services to, the Company or its Subsidiaries
as the Committee shall select. Awards may be made to employees, Nonemployee Directors or independent contractors who hold or have
held Awards under the Plan or any similar or other awards under any other plan of the Company or any of its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>Article
VI</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Grant
of Options</I>. Subject to the limitations of the Plan, the Committee shall designate from time to time those eligible Persons
to be granted Options, the time when each Option shall be granted to such eligible Persons, the series and number of shares of
Common Stock subject to such Option, and, subject to Section&nbsp;6.2, the purchase price of the shares of Common Stock subject
to such Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Option
Price</I>. The price at which shares may be purchased upon exercise of an Option shall be fixed by the Committee and may be no
less than the Fair Market Value of the shares of the applicable series of Common Stock subject to the Option as of the date the
Option is granted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Term
of Options</I>. Subject to the provisions of the Plan with respect to death, retirement and termination of employment or service,
the term of each Option shall be for such period as the Committee shall determine as set forth in the applicable Agreement; provided
that such term may not exceed ten years. However, if the term of an Option expires when trading in the Common Stock is prohibited
by law or the Company&rsquo;s insider trading policy, then the term of such Option shall expire on the 30th day after the expiration
of such prohibition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">6.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Exercise
of Options</I>. An Option granted under the Plan shall become (and remain) exercisable during the term of the Option to the extent
provided in the applicable Agreement and the Plan and, unless the Agreement otherwise provides, may be exercised to the extent
exercisable, in whole or in part, at any time and from time to time during such term; provided, however, that subsequent to the
grant of an Option, the Committee, at any time before complete termination of such Option, may accelerate the time or times at
which such Option may be exercised in whole or in part (without reducing the term of such Option).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Manner
of Exercise</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Form
of Payment</I>. An Option shall be exercised by written notice to the Company upon such terms and conditions as the Agreement may
provide and in accordance with such other procedures for the exercise of Options as the Committee may establish from time to time.
The method or methods of payment of the purchase price for the shares to be purchased upon exercise of an Option and of any amounts
required by Section 10.11 shall be determined by the Committee and may consist of (i)&nbsp;cash, (ii)&nbsp;check, (iii)&nbsp;promissory
note (subject to applicable law), (iv)&nbsp;whole shares of any series of Common Stock, (v)&nbsp;the withholding of shares of the
applicable series of Common Stock issuable upon such exercise of the Option, (vi)&nbsp;the delivery, together with a properly executed
exercise notice, of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds
required to pay the purchase price, or (vii)&nbsp;any combination of the foregoing methods of payment, or such other consideration
and method of payment as may be permitted for the issuance of shares under the Delaware General Corporation Law. The permitted
method or methods of payment of the amounts payable upon exercise of an Option, if other than in cash, shall be set forth in the
applicable Agreement and may be subject to such conditions as the Committee deems appropriate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Value
of Shares</I>. Unless otherwise determined by the Committee and provided in the applicable Agreement, shares of any series of Common
Stock delivered in payment of all or any part of the amounts payable in connection with the exercise of an Option, and shares of
any series of Common Stock withheld for such payment, shall be valued for such purpose at their Fair Market Value as of the exercise
date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Issuance
of Shares</I>. The Company shall effect the transfer of the shares of Common Stock purchased under the Option as soon as practicable
after the exercise thereof and payment in full of the purchase price therefor and of any amounts required by Section&nbsp;10.11,
and within a reasonable time thereafter, such transfer shall be evidenced on the books of the Company. Unless otherwise determined
by the Committee and provided in the applicable Agreement, (i)&nbsp;no Holder or other Person exercising an Option shall have any
of the rights of a stockholder of the Company with respect to shares of Common Stock subject to an Option granted under the Plan
until due exercise and full payment has been made, and (ii)&nbsp;no adjustment shall be made for cash dividends or other rights
for which the record date is prior to the date of such due exercise and full payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #010000"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>Article
VII</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Grant
of SARs</I>. Subject to the limitations of the Plan, SARs may be granted by the Committee to such eligible Persons in such numbers,
with respect to any specified series of Common Stock, and at such times during the term of the Plan as the Committee shall determine.
A SAR may be granted to a Holder of an Option (hereinafter called a &ldquo;related Option&rdquo;) with respect to all or a portion
of the shares of Common Stock subject to the related Option (a &ldquo;Tandem SAR&rdquo;) or may be granted separately to an eligible
Person (a &ldquo;Free Standing SAR&rdquo;). Subject to the limitations of the Plan, SARs shall be exercisable in whole or in part
upon notice to the Company upon such terms and conditions as are provided in the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Tandem
SARs</I>. A Tandem SAR may be granted either concurrently with the grant of the related Option or at any time thereafter prior
to the complete exercise, termination, expiration or cancellation of such related Option. Tandem SARs shall be exercisable only
at the time and to the extent that the related Option is exercisable (and may be subject to such additional limitations on exercisability
as the Agreement may provide) and in no event after the complete termination or full exercise of the related Option. Upon the exercise
or termination of the related Option, the Tandem SARs with respect thereto shall be canceled automatically to the extent of the
number of shares of Common Stock with respect to which the related Option was so exercised or terminated. Subject to the limitations
of the Plan, upon the exercise of a Tandem SAR and unless otherwise determined by the Committee and provided in the applicable
Agreement, (i)&nbsp;the Holder thereof shall be entitled to receive from the Company, for each share of the applicable series of
Common Stock with respect to which the Tandem SAR is being exercised, consideration (in the form determined as provided in Section&nbsp;7.4)
equal in value to the excess of the Fair Market Value of a share of the applicable series of Common Stock with respect to which
the Tandem SAR was granted on the date of exercise over the related Option purchase price per share, and (ii)&nbsp;the related
Option with respect thereto shall be canceled automatically to the extent of the number of shares of Common Stock with respect
to which the Tandem SAR was so exercised.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Free
Standing SARs</I>. Free Standing SARs shall be exercisable at the time, to the extent and upon the terms and conditions set forth
in the applicable Agreement. The base price of a Free Standing SAR may be no less than the Fair Market Value of the applicable
series of Common Stock with respect to which the Free Standing SAR was granted as of the date the Free Standing SAR is granted.
Subject to the limitations of the Plan, upon the exercise of a Free Standing SAR and unless otherwise determined by the Committee
and provided in the applicable Agreement, the Holder thereof shall be entitled to receive from the Company, for each share of the
applicable series of Common Stock with respect to which the Free Standing SAR is being exercised, consideration (in the form determined
as provided in Section&nbsp;7.4) equal in value to the excess of the Fair Market Value of a share of the applicable series of Common
Stock with respect to which the Free Standing SAR was granted on the date of exercise over the base price per share of such Free
Standing SAR. The term of a Free Standing SAR may not exceed ten years. However, if the term of a Free Standing SAR expires when
trading in the Common Stock is prohibited by law or the Company&rsquo;s insider trading policy, then the term of such Free Standing
SAR shall expire on the 30th day after the expiration of such prohibition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Consideration</I>.
The consideration to be received upon the exercise of a SAR by the Holder shall be paid in cash, shares of the applicable series
of Common Stock with respect to which the SAR was granted (valued at Fair Market Value on the date of exercise of such SAR), a
combination of cash and such shares of the applicable series of Common Stock or such other consideration, in each case, as provided
in the Agreement. No fractional shares of Common Stock shall be issuable upon exercise of a SAR, and unless otherwise provided
in the applicable Agreement, the Holder will receive cash in lieu of</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">fractional shares. Unless the Committee
shall otherwise determine, to the extent a Free Standing SAR is exercisable, it will be exercised automatically for cash on its
expiration date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">7.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Limitations</I>.
The applicable Agreement may provide for a limit on the amount payable to a Holder upon exercise of SARs at any time or in the
aggregate, for a limit on the number of SARs that may be exercised by the Holder in whole or in part for cash during any specified
period, for a limit on the time periods during which a Holder may exercise SARs, and for such other limits on the rights of the
Holder and such other terms and conditions of the SAR, including a condition that the SAR may be exercised only in accordance with
rules and regulations adopted from time to time, as the Committee may determine. Unless otherwise so provided in the applicable
Agreement, any such limit relating to a Tandem SAR shall not restrict the exercisability of the related Option. Such rules and
regulations may govern the right to exercise SARs granted prior to the adoption or amendment of such rules and regulations as well
as SARs granted thereafter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">7.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Exercise.</I>
For purposes of this Article&nbsp;VII, the date of exercise of a SAR shall mean the date on which the Company shall have received
notice from the Holder of the SAR of the exercise of such SAR (unless otherwise determined by the Committee and provided in the
applicable Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>Article
VIII</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">8.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Grant
of Restricted Shares</I>. Subject to the limitations of the Plan, the Committee shall designate those eligible Persons to be granted
Awards of Restricted Shares, shall determine the time when each such Award shall be granted, and shall designate (or set forth
the basis for determining) the Vesting Date or Vesting Dates for each Award of Restricted Shares, and may prescribe other restrictions,
terms and conditions applicable to the vesting of such Restricted Shares in addition to those provided in the Plan. The Committee
shall determine the price, if any, to be paid by the Holder for the Restricted Shares; provided, however, that the issuance of
Restricted Shares shall be made for at least the minimum consideration necessary to permit such Restricted Shares to be deemed
fully paid and nonassessable. All determinations made by the Committee pursuant to this Section 8.1 shall be specified in the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">8.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Issuance
of Restricted Shares</I>. An Award of Restricted Shares shall be registered in a book entry account (the &ldquo;Account&rdquo;)
in the name of the Holder to whom such Restricted Shares shall have been awarded. During the Restriction Period, the Account, any
certificates (or other statement of ownership) representing the Restricted Shares that may be issued during the Restriction Period
and any securities constituting Retained Distributions shall bear a restrictive legend to the effect that ownership of the Restricted
Shares (and such Retained Distributions), and the enjoyment of all rights appurtenant thereto, are subject to the restrictions,
terms and conditions provided in the Plan and the applicable Agreement. Any such certificates shall remain in the custody of the
Company or its designee, and the Holder shall deposit with the custodian stock powers or other instruments of assignment, each
endorsed in blank, so as to permit retransfer to the Company of all or any portion of the Restricted Shares and any securities
constituting Retained Distributions that shall be forfeited or otherwise not become vested in accordance with the Plan and the
applicable Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">8.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Restrictions
with Respect to Restricted Shares</I>. During the Restriction Period, Restricted Shares shall constitute issued and outstanding
shares of the applicable series of Common Stock for all corporate purposes. The Holder will have the right to vote such Restricted
Shares, to receive and retain such dividends and distributions, as the Committee may designate, paid or distributed on such Restricted
Shares, and to exercise all other rights, powers and privileges of a Holder of shares of the applicable series of Common Stock
with respect to such Restricted Shares; except, that, unless otherwise determined</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">by the Committee and provided in the applicable
Agreement, (i)&nbsp;the Holder will not be entitled to delivery of the stock certificate or certificates (or other statement of
ownership) representing such Restricted Shares until the Restriction Period shall have expired and unless all other vesting requirements
with respect thereto shall have been fulfilled or waived; (ii)&nbsp;the Company or its designee will retain custody of the stock
certificate or certificates (or other statements of ownership) representing the Restricted Shares during the Restriction Period
as provided in Section&nbsp;8.2; (iii)&nbsp;other than such dividends and distributions as the Committee may designate, the Company
or its designee will retain custody of all distributions (&ldquo;Retained Distributions&rdquo;) made or declared with respect to
the Restricted Shares (and such Retained Distributions will be subject to the same restrictions, terms and vesting, and other conditions
as are applicable to the Restricted Shares) until such time, if ever, as the Restricted Shares with respect to which such Retained
Distributions shall have been made, paid or declared shall have become vested, and such Retained Distributions shall not bear interest
or be segregated in a separate account; (iv)&nbsp;the Holder may not sell, assign, transfer, pledge, exchange, encumber or dispose
of the Restricted Shares or any Retained Distributions or such Holder&rsquo;s interest in any of them during the Restriction Period;
and (v)&nbsp;a breach of any restrictions, terms or conditions provided in the Plan or established by the Committee with respect
to any Restricted Shares or Retained Distributions will cause a forfeiture of such Restricted Shares and any Retained Distributions
with respect thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">8.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Grant
of Restricted Stock Units</I>. Subject to the limitations of the Plan, the Committee shall designate those eligible Persons to
be granted Awards of Restricted Stock Units, the value of which is based, in whole or in part, on the Fair Market Value of the
shares of any specified series of Common Stock. Subject to the provisions of the Plan, including any rules established pursuant
to Section&nbsp;8.5, Awards of Restricted Stock Units shall be subject to such terms, restrictions, conditions, vesting requirements
and payment rules as the Committee may determine in its discretion, which need not be identical for each Award. Such Awards may
provide for the payment of cash consideration by the Person to whom such Award is granted or provide that the Award, and any shares
of Common Stock to be issued in connection therewith, if applicable, shall be delivered without the payment of cash consideration;
provided, however, that the issuance of any shares of Common Stock in connection with an Award of Restricted Stock Units shall
be for at least the minimum consideration necessary to permit such shares to be deemed fully paid and nonassessable. The determinations
made by the Committee pursuant to this Section 8.4 shall be specified in the applicable Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">8.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Restrictions
with Respect to Restricted Stock Units</I>. Any Award of Restricted Stock Units, including any shares of Common Stock which are
part of an Award of Restricted Stock Units, may not be assigned, sold, transferred, pledged or otherwise encumbered prior to the
date on which the shares are issued or, if later, the date provided by the Committee at the time of the Award. A breach of any
restrictions, terms or conditions provided in the Plan or established by the Committee with respect to any Award of Restricted
Stock Units will cause a forfeiture of such Restricted Stock Units and any Dividend Equivalents with respect thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">8.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Issuance
of Restricted Stock Units</I>. Restricted Stock Units shall be issued at the beginning of the Restriction Period, shall not constitute
issued and outstanding shares of the applicable series of Common Stock, and the Holder shall not have any of the rights of a stockholder
with respect to the shares of Common Stock covered by such an Award of Restricted Stock Units, in each case until such shares shall
have been issued to the Holder at the end of the Restriction Period. If and to the extent that shares of Common Stock are to be
issued at the end of the Restriction Period, the Holder shall be entitled to receive Dividend Equivalents with respect to the shares
of Common Stock covered thereby either (i)&nbsp;during the Restriction Period or (ii)&nbsp;in accordance with the rules applicable
to Retained Distributions, as the Committee may specify in the Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">8.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Cash
Payments</I>. In connection with any Award of Restricted Shares or Restricted Stock Units, an Agreement may provide for the payment
of a cash amount to the Holder of such Awards at any time after such Awards shall have become vested. Such cash amounts shall be
payable in accordance with such additional restrictions, terms and conditions as shall be prescribed by the Committee in the Agreement
and shall be in addition to any other salary, incentive, bonus or other compensation payments which such Holder shall be otherwise
entitled or eligible to receive from the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">8.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Completion
of Restriction Period</I>. On the Vesting Date with respect to each Award of Restricted Shares or Restricted Stock Units and the
satisfaction of any other applicable restrictions, terms and conditions, (i)&nbsp;all or the applicable portion of such Restricted
Shares or Restricted Stock Units shall become vested, (ii)&nbsp;any Retained Distributions with respect to such Restricted Shares
and any unpaid Dividend Equivalents with respect to such Restricted Stock Units shall become vested to the extent that the Awards
related thereto shall have become vested, and (iii)&nbsp;any cash amount to be received by the Holder with respect to such Restricted
Shares or Restricted Stock Units shall become payable, all in accordance with the terms of the applicable Agreement. Any such Restricted
Shares, Restricted Stock Units, Retained Distributions and any unpaid Dividend Equivalents that shall not become vested shall be
forfeited to the Company, and the Holder shall not thereafter have any rights (including dividend and voting rights) with respect
to such Restricted Shares, Restricted Stock Units, Retained Distributions and any unpaid Dividend Equivalents that shall have been
so forfeited. The Committee may, in its discretion, provide that the delivery of any Restricted Shares, Restricted Stock Units,
Retained Distributions and unpaid Dividend Equivalents that shall have become vested, and payment of any related cash amounts that
shall have become payable under this Article VIII, shall be deferred until such date or dates as the recipient may elect. Any election
of a recipient pursuant to the preceding sentence shall be filed in writing with the Committee in accordance with such rules and
regulations, including any deadline for the making of such an election, as the Committee may provide, and shall be made in compliance
with Section 409A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>Article
IX</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">9.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Cash
Awards</I>. In addition to granting Options, SARs, Restricted Shares and Restricted Stock Units, the Committee shall, subject to
the limitations of the Plan, have authority to grant to eligible Persons Cash Awards. Each Cash Award shall be subject to such
terms and conditions, restrictions and contingencies, if any, as the Committee shall determine. Restrictions and contingencies
limiting the right to receive a cash payment pursuant to a Cash Award shall be based upon the achievement of single or multiple
Performance Objectives over a performance period established by the Committee. The determinations made by the Committee pursuant
to this Section&nbsp;9.1 shall be specified in the applicable Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">9.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Designation
as a Performance Award</I>. The Committee shall have the right to designate any Award of Options, SARs, Restricted Shares or Restricted
Stock Units as a Performance Award. All Cash Awards shall be designated as Performance Awards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">9.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Performance
Objectives</I>. The grant or vesting of a Performance Award shall be subject to the achievement of Performance Objectives over
a performance period established by the Committee based upon one or more of the following business criteria that apply to the Holder,
one or more business units, divisions or Subsidiaries of the Company or the applicable sector of the Company, the Company as a
whole, or any entity or entities to which the Company or Subsidiaries of the Company are providing services, and if so desired
by the Committee, by comparison with a peer group of companies: increased revenue; net income measures (including income after
capital costs and income before or after</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">taxes); stock price measures (including
growth measures and total stockholder return); price per share of Common Stock; market share; earnings per share (actual or targeted
growth); earnings before interest, taxes, depreciation and amortization (EBITDA); operating income before depreciation and amortization
(OIBDA); operating income before depreciation, amortization and stock compensation expense (Adjusted OIBDA); economic value added
(or an equivalent metric); market value added; debt to equity ratio; cash flow measures (including cash flow return on capital,
cash flow return on tangible capital, net cash flow and net cash flow before financing activities); return measures (including
return on equity, return on average assets, return on capital, risk-adjusted return on capital, return on investors&rsquo; capital
and return on average equity); operating measures (including operating income, funds from operations, cash from operations, after-tax
operating income, sales volumes, production volumes and production efficiency); expense measures (including overhead cost and general
and administrative expense); margins; stockholder value; total stockholder return; proceeds from dispositions; total market value
and corporate values measures (including ethics compliance, environmental and safety). Unless otherwise stated, such a Performance
Objective need not be based upon an increase or positive result under a particular business criterion and could include, for example,
maintaining the status quo or limiting economic losses (measured, in each case, by reference to specific business criteria). The
Committee shall have the authority to determine whether the Performance Objectives and other terms and conditions of the Award
are satisfied, and the Committee&rsquo;s determination as to the achievement of Performance Objectives relating to a Performance
Award shall be made in writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">9.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Section
162(m) of the Code</I>. Notwithstanding the foregoing provisions, if the Committee intends for a Performance Award to be granted
and administered in a manner designed to preserve the deductibility of the compensation resulting from such Award in accordance
with Section&nbsp;162(m) of the Code, then the Performance Objectives for such particular Performance Award relative to the particular
period of service to which the Performance Objectives relate shall be established by the Committee in writing (i)&nbsp;no later
than 90 days after the beginning of such period and (ii)&nbsp;prior to the completion of 25% of such period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">9.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Waiver
of Performance Objectives</I>. The Committee shall have no discretion to modify or waive the Performance Objectives or conditions
to the grant or vesting of a Performance Award unless such Award is not intended to qualify as qualified performance-based compensation
under Section&nbsp;162(m) of the Code and the relevant Agreement provides for such discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #010000"><FONT STYLE="text-transform: uppercase"><B>Article
X</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Acceleration
of Awards</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Death
or Disability</I>. If a Holder&rsquo;s employment or service shall terminate by reason of death or Disability, notwithstanding
any contrary waiting period, installment period, vesting schedule or Restriction Period in any Agreement or in the Plan, unless
the applicable Agreement provides otherwise: (i)&nbsp;in the case of an Option or SAR, each outstanding Option or SAR granted under
the Plan shall immediately become exercisable in full in respect of the aggregate number of shares covered thereby; (ii)&nbsp;in
the case of Restricted Shares, the Restriction Period applicable to each such Award of Restricted Shares shall be deemed to have
expired and all such Restricted Shares and any related Retained Distributions shall become vested and any related cash amounts
payable pursuant to the applicable Agreement shall be adjusted in such manner as may be provided in the Agreement; and (iii)&nbsp;in
the case of Restricted Stock Units, the Restriction Period applicable to each such Award of Restricted Stock Units shall be deemed
to have expired and all such Restricted Stock Units and any unpaid Dividend Equivalents shall</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">become vested and any related
cash amounts payable pursuant to the applicable Agreement shall be adjusted in such manner as may be provided in the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Approved
Transactions; Board Change; Control Purchase</I>. In the event of any Approved Transaction, Board Change or Control Purchase, notwithstanding
any contrary waiting period, installment period, vesting schedule or Restriction Period in any Agreement or in the Plan, unless
the applicable Agreement provides otherwise: (i)&nbsp;in the case of an Option or SAR, each such outstanding Option or SAR granted
under the Plan shall become exercisable in full in respect of the aggregate number of shares covered thereby; (ii)&nbsp;in the
case of Restricted Shares, the Restriction Period applicable to each such Award of Restricted Shares shall be deemed to have expired
and all such Restricted Shares and any related Retained Distributions shall become vested and any related cash amounts payable
pursuant to the applicable Agreement shall be adjusted in such manner as may be provided in the Agreement; and (iii)&nbsp;in the
case of Restricted Stock Units, the Restriction Period applicable to each such Award of Restricted Stock Units shall be deemed
to have expired and all such Restricted Stock Units and any unpaid Dividend Equivalents shall become vested and any related cash
amounts payable pursuant to the applicable Agreement shall be adjusted in such manner as may be provided in the Agreement, in each
case effective upon the Board Change or Control Purchase or immediately prior to consummation of the Approved Transaction. The
effect, if any, on a Cash Award of an Approved Transaction, Board Change or Control Purchase shall be prescribed in the applicable
Agreement. Notwithstanding the foregoing, unless otherwise provided in the applicable Agreement, the Committee may, in its discretion,
determine that any or all outstanding Awards of any or all types granted pursuant to the Plan will not vest or become exercisable
on an accelerated basis in connection with an Approved Transaction if effective provision has been made for the taking of such
action which, in the opinion of the Committee, is equitable and appropriate to substitute a new Award for such Award or to assume
such Award and to make such new or assumed Award, as nearly as may be practicable, equivalent to the old Award (before giving effect
to any acceleration of the vesting or exercisability thereof), taking into account, to the extent applicable, the kind and amount
of securities, cash or other assets into or for which the applicable series of Common Stock may be changed, converted or exchanged
in connection with the Approved Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Termination
of Employment or Service</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>General</I>.
If a Holder&rsquo;s employment or service shall terminate prior to an Option or SAR becoming exercisable or being exercised (or
deemed exercised, as provided in Section&nbsp;7.2) in full, or during the Restriction Period with respect to any Restricted Shares
or any Restricted Stock Units, then such Option or SAR shall thereafter become or be exercisable, and the Holder&rsquo;s rights
to any unvested Restricted Shares, Retained Distributions and related cash amounts and any unvested Restricted Stock Units, unpaid
Dividend Equivalents and related cash amounts shall thereafter vest, in each case solely to the extent provided in the applicable
Agreement; provided, however, that, unless otherwise determined by the Committee and provided in the applicable Agreement, (i)&nbsp;no
Option or SAR may be exercised after the scheduled expiration date thereof; (ii)&nbsp;if the Holder&rsquo;s employment or service
terminates by reason of death or Disability, the Option or SAR shall remain exercisable for a period of at least one year following
such termination (but not later than the scheduled expiration of such Option or SAR); and (iii)&nbsp;any termination of the Holder&rsquo;s
employment or service for cause will be treated in accordance with the provisions of Section&nbsp;10.2(b). The effect on a Cash
Award of the termination of a Holder&rsquo;s employment or service for any reason, other than for cause, shall be prescribed in
the applicable Agreement. For the avoidance of doubt, in the discretion of the Committee, an Award may provide that a Holder&rsquo;s
service shall be deemed to have continued for</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">purposes of the Award while a
Holder provides services to the Company, any Subsidiary, or any former affiliate of the Company or any Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Termination
for Cause</I>. If a Holder&rsquo;s employment or service with the Company or a Subsidiary of the Company shall be terminated by
the Company or such Subsidiary for &ldquo;cause&rdquo; during the Restriction Period with respect to any Restricted Shares or Restricted
Stock Units or prior to any Option or SAR becoming exercisable or being exercised in full or prior to the payment in full of any
Cash Award (for these purposes, &ldquo;cause&rdquo; shall have the meaning ascribed thereto in any employment or consulting agreement
to which such Holder is a party or, in the absence thereof, shall include insubordination, dishonesty, incompetence, moral turpitude,
other misconduct of any kind and the refusal to perform such Holder&rsquo;s duties and responsibilities for any reason other than
illness or incapacity; provided, however, that if such termination occurs within 12 months after an Approved Transaction or Control
Purchase or Board Change, termination for &ldquo;cause&rdquo; shall mean only a felony conviction for fraud, misappropriation,
or embezzlement), then, unless otherwise determined by the Committee and provided in the applicable Agreement, (i)&nbsp;all Options
and SARs and all unpaid Cash Awards held by such Holder shall immediately terminate, and (ii)&nbsp;such Holder&rsquo;s rights to
all Restricted Shares, Restricted Stock Units, Retained Distributions, any unpaid Dividend Equivalents and any related cash amounts
shall be forfeited immediately</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Miscellaneous</I>.
The Committee may determine whether any given leave of absence constitutes a termination of employment or service; provided, however,
that for purposes of the Plan, (i)&nbsp;a leave of absence, duly authorized in writing by the Company for military service or sickness,
or for any other purpose approved by the Company if the period of such leave does not exceed 90 days, and (ii)&nbsp;a leave of
absence in excess of 90 days, duly authorized in writing by the Company provided the employee&rsquo;s right to reemployment is
guaranteed either by statute or contract, shall not be deemed a termination of employment. Unless otherwise determined by the Committee
and provided in the applicable Agreement, Awards made under the Plan shall not be affected by any change of employment or service
so long as the Holder continues to be an employee, Nonemployee Director or independent contractor of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Right
of Company to Terminate Employment or Service</I>. Nothing contained in the Plan or in any Award, and no action of the Company
or the Committee with respect thereto, shall confer or be construed to confer on any Holder any right to continue in the employ
or service of the Company or any of its Subsidiaries or interfere in any way with the right of the Company or any Subsidiary of
the Company to terminate the employment or service of the Holder at any time, with or without cause, subject, however, to the provisions
of any employment or consulting agreement between the Holder and the Company or any Subsidiary of the Company, or in the case of
a Nonemployee Director, to the charter and bylaws, as the same may be in effect from time to time.</P>

<P STYLE="color: #010000; 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"><FONT STYLE="color: #010000">10.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Prohibition
on Repricing of Awards</I>. Except for adjustments made pursuant to Section 4.2, in no event will the Committee, without first
obtaining approval by the majority of the shareholders of the Company, (i) decrease the purchase price of an Option or SAR after
the date of grant; (ii) accept for surrender to the Company any outstanding Option or SAR granted under this Plan as consideration
for the grant of a new Award; (iii) repurchase from Holders whether for cash or any other consideration any outstanding Options
or SARs that have an purchase price per share higher than the then current Fair Market Value of a share of Common Stock; or (iv)
grant any Option or SAR that contains a so-called &ldquo;reload&rdquo; feature under which additional Options, SARs or other Awards
are granted automatically to the Holder upon exercise of the original Option or SAR.</P>

<P STYLE="color: #010000; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Minimum
Vesting Requirement</I>. All Awards in the form of Options or SARs to employees shall have a minimum vesting period of one year
from the date of their grant; provided, however, that Awards in the form of Options or SARs to employees with respect to five percent
of the shares of Common Stock authorized for grant pursuant to the Plan may have a vesting period of less than one year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Nonalienation
of Benefits</I>. Except as set forth herein, no right or benefit under the Plan shall be subject to anticipation, alienation, sale,
assignment, hypothecation, pledge, exchange, transfer, garnishment, encumbrance or charge, and any attempt to anticipate, alienate,
sell, assign, hypothecate, pledge, exchange, transfer, garnish, encumber or charge the same shall be void. No right or benefit
hereunder shall in any manner be liable for or subject to the debts, contracts, liabilities or torts of the Person entitled to
such benefits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Written
Agreement</I>. Each Award under the Plan shall be evidenced by a written agreement, in such form as the Committee shall approve
from time to time in its discretion, specifying the terms and provisions of such Award which may not be inconsistent with the provisions
of the Plan; provided, however, that if more than one type of Award is made to the same Holder, such Awards may be evidenced by
a single Agreement with such Holder. Each grantee of an Option, SAR, Restricted Shares, Restricted Stock Units or Performance Award
(including a Cash Award) shall be notified promptly of such grant, and a written Agreement shall be promptly delivered by the Company.
Any such written Agreement may contain (but shall not be required to contain) such provisions as the Committee deems appropriate
to insure that the penalty provisions of Section 4999 of the Code will not apply to any stock or cash received by the Holder from
the Company. Any such Agreement may be supplemented or amended from time to time as approved by the Committee as contemplated by
Section 10.9(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Nontransferability</I>.
Awards are not transferable (either voluntarily or involuntarily), before or after a Holder&rsquo;s death, except as follows: (a)
during the Holder&rsquo;s lifetime, pursuant to a Domestic Relations Order, issued by a court of competent jurisdiction, that is
not contrary to the terms and conditions of the Plan or any applicable Agreement, and in a form acceptable to the Committee; or
(b) after the Holder&rsquo;s death, by will or pursuant to the applicable laws of descent and distribution, as may be the case.
Any person to whom Awards are transferred in accordance with the provisions of the preceding sentence shall take such Awards subject
to all of the terms and conditions of the Plan and any applicable Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Termination
and Amendment</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>General</I>.
Unless the Plan shall theretofore have been terminated as hereinafter provided, no Awards may be made under the Plan on or after
the fifth anniversary of the Effective Date. The Plan may be terminated at any time prior to such date and may, from time to time,
be suspended or discontinued or modified or amended if such action is deemed advisable by the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Modification</I>.
No termination, modification or amendment of the Plan may, without the consent of the Person to whom any Award shall theretofore
have been granted, adversely affect the rights of such Person with respect to such Award. No modification, extension, renewal or
other change in any Award granted under the Plan shall be made after the grant of such Award, unless the same is consistent with
the provisions of the Plan. With the consent of the Holder and subject to the terms and conditions of the Plan (including Section
10.9(a)), the Committee may amend outstanding Agreements with any Holder, including any amendment which would (i)&nbsp;accelerate
the time or times at which the Award may be exercised and/or (ii)&nbsp;extend the scheduled expiration date of the Award. Without
limiting the generality of the foregoing, the Committee may, but solely with the Holder&rsquo;s consent unless otherwise</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">provided in the Agreement and
subject to the prohibition on repricing contained in Section 10.4, agree to cancel any Award under the Plan and grant a new Award
in substitution therefor, provided that the Award so substituted shall satisfy all of the requirements of the Plan as of the date
such new Award is made. Nothing contained in the foregoing provisions of this Section 10.9(b) shall be construed to prevent the
Committee from providing in any Agreement that the rights of the Holder with respect to the Award evidenced thereby shall be subject
to such rules and regulations as the Committee may, subject to the express provisions of the Plan, adopt from time to time or impair
the enforceability of any such provision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000"><I>10.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><I>Government
and Other Regulations</I>. The obligation of the Company with respect to Awards shall be subject to all applicable laws, rules
and regulations and such approvals by any governmental agencies as may be required, including the effectiveness of any registration
statement required under the Securities Act of 1933, and the rules and regulations of any securities exchange or association on
which the Common Stock may be listed or quoted. For so long as any series of Common Stock are registered under the Exchange Act,
the Company shall use its reasonable efforts to comply with any legal requirements (i)&nbsp;to maintain a registration statement
in effect under the Securities Act of 1933 with respect to all shares of the applicable series of Common Stock that may be issuable,
from time to time, to Holders under the Plan and (ii)&nbsp;to file in a timely manner all reports required to be filed by it under
the Exchange Act. In addition to its other powers hereunder, the Committee has the authority to suspend (i) the exercise of Options
or SARs and (ii) any other transactions under the Plan as it deems necessary or appropriate for administrative reasons.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Withholding</I>.
The Company&rsquo;s obligation to deliver shares of Common Stock or pay cash in respect of any Award under the Plan shall be subject
to applicable federal, state and local tax withholding requirements. Federal, state and local withholding tax due at the time of
an Award, upon the exercise of any Option or SAR or upon the vesting of, or expiration of restrictions with respect to, Restricted
Shares or Restricted Stock Units or the satisfaction of the Performance Objectives applicable to a Performance Award, as appropriate,
may, in the discretion of the Committee, be paid in shares of Common Stock already owned by the Holder or through the withholding
of shares otherwise issuable to such Holder, upon such terms and conditions (including the conditions referenced in Section&nbsp;6.5)
as the Committee shall determine. If the Holder shall fail to pay, or make arrangements satisfactory to the Committee for the payment
to the Company of, all such federal, state and local taxes required to be withheld by the Company, then the Company shall, to the
extent permitted by law, have the right to deduct from any payment of any kind otherwise due to such Holder an amount equal to
any federal, state or local taxes of any kind required to be withheld by the Company with respect to such Award.</P>

<P STYLE="color: #010000; 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"><FONT STYLE="color: #010000">10.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Clawback
Policy</I>. Notwithstanding any other provisions in this Plan, any Award shall be subject to recovery or clawback by the Company
under any clawback policy adopted by the Company whether before or after the date of grant the Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Nonexclusivity
of the Plan</I>. The adoption of the Plan by the Board shall not be construed as creating any limitations on the power of the Board
to adopt such other incentive arrangements as it may deem desirable, including the granting of stock options and the awarding of
stock and cash otherwise than under the Plan, and such arrangements may be either generally applicable or applicable only in specific
cases.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Exclusion
from Other Plans</I>. By acceptance of an Award, unless otherwise provided in the applicable Agreement, each Holder shall be deemed
to have agreed that such Award is special incentive compensation that will not be taken into account, in any manner, as salary,
compensation or bonus in determining the amount of any payment under any pension, retirement or other employee benefit plan, program
or policy of the Company or any Subsidiary of the Company. In addition, each beneficiary</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">of a deceased Holder shall be deemed to
have agreed that such Award will not affect the amount of any life insurance coverage, if any, provided by the Company on the life
of the Holder which is payable to such beneficiary under any life insurance plan of the Company or any Subsidiary of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Unfunded
Plan</I>. Neither the Company nor any Subsidiary of the Company shall be required to segregate any cash or any shares of Common
Stock which may at any time be represented by Awards, and the Plan shall constitute an &ldquo;unfunded&rdquo; plan of the Company.
Except as provided in Article VIII with respect to Awards of Restricted Shares and except as expressly set forth in an Agreement,
no Holder shall have voting or other rights with respect to the shares of Common Stock covered by an Award prior to the delivery
of such shares. Neither the Company nor any Subsidiary of the Company shall, by any provisions of the Plan, be deemed to be a trustee
of any shares of Common Stock or any other property, and the liabilities of the Company and any Subsidiary of the Company to any
Holder pursuant to the Plan shall be those of a debtor pursuant to such contract obligations as are created by or pursuant to the
Plan, and the rights of any Holder, former service provider or beneficiary under the Plan shall be limited to those of a general
creditor of the Company or the applicable Subsidiary of the Company, as the case may be. In its sole discretion, the Board may
authorize the creation of trusts or other arrangements to meet the obligations of the Company under the Plan, provided, however,
that the existence of such trusts or other arrangements is consistent with the unfunded status of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Governing
Law</I>. The Plan shall be governed by, and construed in accordance with, the laws of the State of Delaware.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Accounts</I>.
The delivery of any shares of Common Stock and the payment of any amount in respect of an Award shall be for the account of the
Company or the applicable Subsidiary of the Company, as the case may be, and any such delivery or payment shall not be made until
the recipient shall have paid or made satisfactory arrangements for the payment of any applicable withholding taxes as provided
in Section&nbsp;10.11.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.18&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Legends</I>.
Any certificate (or other statement of ownership) evidencing shares of Common Stock subject to an Award shall bear such legends
as the Committee deems necessary or appropriate to reflect or refer to any terms, conditions or restrictions of the Award applicable
to such shares, including any to the effect that the shares represented thereby may not be disposed of unless the Company has received
an opinion of counsel, acceptable to the Company, that such disposition will not violate any federal or state securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Company&rsquo;s
Rights</I>. The grant of Awards pursuant to the Plan shall not affect in any way the right or power of the Company to make reclassifications,
reorganizations or other changes of or to its capital or business structure or to merge, consolidate, liquidate, sell or otherwise
dispose of all or any part of its business or assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #010000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.20&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Section&nbsp;409A</I>.
The Plan and the Awards made hereunder are intended to be (i) &ldquo;stock rights&rdquo; exempt from Section 409A of the Code (&ldquo;Section
409A&rdquo;) pursuant to Treasury Regulations &sect; 1.409A-1(b)(5), (ii) &ldquo;short-term deferrals&rdquo; exempt from Section
409A or (iii) payments which are deferred compensation and paid in compliance with Section 409A, and the Plan and each Agreement
shall be interpreted and administered accordingly. Any adjustments of Awards intended to be &ldquo;stock rights&rdquo; exempt from
Section 409A pursuant to Treasury Regulations &sect; 1.409A-1(b)(5) shall be conducted in a manner so as not to constitute a grant
of a new stock right or a change in the time and form of payment pursuant to Treasury Regulations &sect;1.409A-1(b)(5)(v). In the
event an Award is not exempt from Section 409A, (x) payment pursuant to the relevant Agreement shall be made only on a permissible
payment event or at a specified time in compliance with Section 409A, (y) no accelerated payment shall be made pursuant to Section
10.1(b) unless the Board Change, Approved Transaction or Control Purchase</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">constitutes a &ldquo;change in control
event&rdquo; under Treasury Regulations &sect;1.409A-3(i)(5) or otherwise constitutes a permissible payment event under Section
409A and (z) no amendment or modification of such Award may be made except in compliance with the anti-deferral and anti-acceleration
provisions of Section 409A. No deferrals of compensation otherwise payable under the Plan or any Award shall be allowed, whether
at the discretion of the Company or the Holder, except in a manner consistent with the requirements of Section 409A. If a Holder
is identified by the Company as a &ldquo;specified employee&rdquo; within the meaning of Code Section 409A(a)(2)(B)(i) on the date
on which such Holder has a &ldquo;separation from service&rdquo; (other than due to death) within the meaning of Treasury Regulation
&sect; 1.409A-1(h), any Award payable or settled on account of a separation from service that is deferred compensation subject
to Code Section 409A shall be paid or settled on the earliest of (1) the first business day following the expiration of six months
from the Holder&rsquo;s separation from service, (2) the date of the Holder&rsquo;s death, or (3) such earlier date as complies
with the requirements of Code Section 409A.</P>

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