<SEC-DOCUMENT>0001213900-20-034587.txt : 20201102
<SEC-HEADER>0001213900-20-034587.hdr.sgml : 20201102
<ACCEPTANCE-DATETIME>20201102172314
ACCESSION NUMBER:		0001213900-20-034587
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20201102
DATE AS OF CHANGE:		20201102
EFFECTIVENESS DATE:		20201102

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Neonode Inc.
		CENTRAL INDEX KEY:			0000087050
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPONENTS, NEC [3679]
		IRS NUMBER:				941517641
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-249806
		FILM NUMBER:		201281351

	BUSINESS ADDRESS:	
		STREET 1:		STORGATAN 23C, 114 55
		CITY:			STOCKHOLM
		STATE:			V7
		ZIP:			00000
		BUSINESS PHONE:		46 0 8 667 17 17

	MAIL ADDRESS:	
		STREET 1:		STORGATAN 23C, 114 55
		CITY:			STOCKHOLM
		STATE:			V7
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Neonode, Inc
		DATE OF NAME CHANGE:	20070813

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SBE INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>ea129240-s8_neonodeinc.htm
<DESCRIPTION>REGISTRATION STATEMENT
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>As
filed with the Securities and Exchange Commission on November 2, 2020</B></FONT></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><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; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;<B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

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

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

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

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 49%; border-bottom: black 1.5pt solid; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 2%; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 49%; border-bottom: black 1.5pt solid; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>94-1517641</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(State of Incorporation)</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(I.R.S. Employer
    Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><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; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Storgatan
23C, 114 55</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Address
of principal executive office)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><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; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NEONODE
INC. 2020 STOCK INCENTIVE PLAN</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Full
title of the plan)</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Chief
Financial Officer, Vice President, Finance, Treasurer and Secretary</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Neonode
Inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Storgatan
23C, 11455</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>+46
(0) 8 667 17 17</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Name,
address, including zip code, and telephone number, including area code, of agent for service)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><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; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Copies
to:</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>David
T. Mittelman, Esq.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Rimon,
P.C.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>One
Embarcadero Center, Suite&nbsp;400</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>San
Francisco, CA 94111</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(415)
683-5472</B></FONT></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Large accelerated filer &#9744;</FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accelerated filer &#9744;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-accelerated filer &#9746;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Smaller reporting company &#9746;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emerging growth company &#9744;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.
&#9744;</FONT></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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></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="font-weight: bold; border-bottom: Black 1.5pt solid">Title of Securities to be Registered</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Amount to be</B><BR> <B>Registered</B><SUP>(1)</SUP></FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Proposed Maximum Offering </B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Price Per Share</B><SUP>(2)</SUP></FONT></P></TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Proposed Maximum Aggregate<BR> Offering Price</B><SUP>(2)</SUP></FONT></TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Amount of Registration</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Fee</B></FONT></P></TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; width: 52%; text-align: left">Shares of Common Stock, par value $0.001 per share, reserved for future grant under the Neonode Inc. 2020 Stock Incentive Plan</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">750,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">8.28</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">6,210,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">677.51</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>(1)</SUP></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Rule 416, this Registration Statement shall also cover any additional shares of Common Stock that become issuable under the
Plan by reason of any stock dividend, stock split, recapitalization or any other similar transaction effected without receipt
of consideration that results in an increase in the number of shares of the Registrant&rsquo;s outstanding Common Stock.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>(2)</SUP></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Estimated
solely for the purpose of calculating the amount of the registration fee pursuant to Rules 457(c) and 457(h).&nbsp;The proposed
maximum offering price per share and the proposed maximum aggregate offering price are based upon the average of the high and
low prices, which were $8.55 and $8.01, respectively, of the Registrant&rsquo;s Common Stock as reported on the NASDAQ Stock Market
on October 30, 2020.</FONT></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"></P>

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<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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><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; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PART
I</B> - <B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
information specified in Item 1 and Item 2 of Part I of Form S-8 is omitted from this Registration Statement on Form S-8 (the
&ldquo;Registration Statement&rdquo;) in accordance with the provisions of Rule 428 under the Securities Act of 1933, as amended
(the &ldquo;Securities Act&rdquo;), and the introductory note to Part I of Form S-8. The documents containing the information
specified in Part I of Form S-8 will be delivered by Neonode Inc. (the &ldquo;Registrant&rdquo;) to the participants in the equity
plan covered by this Registration Statement as specified by Rule 428(b)(1) under the Securities Act.</FONT></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><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; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PART
II</B> - <B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
3. Incorporation of Certain Documents By Reference.</B></FONT></P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Registrant&rsquo;s Annual Report on <A HREF="http://www.sec.gov/Archives/edgar/data/87050/000121390020005949/f10k2019_neonodeinc.htm">Form 10-K</A> for the year ended December 31, 2010 filed on March 11, 2020 and the <A HREF="http://www.sec.gov/Archives/edgar/data/87050/000121390020010452/f10k2019a1_neonodeinc.htm">amendment</A> thereto
filed on April 29, 2020.</FONT></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Registrant&rsquo;s Quarterly Reports on Form 10-Q for the quarters ended <A HREF="http://www.sec.gov/Archives/edgar/data/87050/000121390020011921/f10q0320_neonodeinc.htm">March 31, 2020</A> and <A HREF="http://www.sec.gov/Archives/edgar/data/87050/000121390020022098/f10q0620_neonodeinc.htm">June 30, 2020</A> filed on May 13, 2020
and August 14, 2020 respectively.</FONT></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Registrant&rsquo;s Current Reports on Form 8-K filed on <A HREF="http://www.sec.gov/Archives/edgar/data/87050/000121390020015490/ea123293-8k_neonodeinc.htm">June 22, 2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/87050/000121390020021054/ea125047-8k_neonode.htm">August 10, 2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/87050/000121390020025385/ea126385-8k_neonodeinc.htm">September 4, 2020</A>, and <A HREF="http://www.sec.gov/Archives/edgar/data/87050/000121390020029243/ea127619-8k_neonodeinc.htm">September 30, 2020</A>.</FONT></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
description of the Registrant&rsquo;s Common Stock contained in the Registrant&rsquo;s Registration Statement on <A HREF="http://www.sec.gov/Archives/edgar/data/87050/000121390012002050/f8a12b_neonode.htm">Form&nbsp;8-A</A>
under the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;) filed on April 26, 2012, including any
amendment or report filed for the purpose of updating such description.</FONT></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
documents filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Exchange Act after the date of this
Registration Statement, and prior to the filing of a post-effective amendment which indicates that all securities offered hereby
have been sold or which de-registers all securities then remaining unsold, shall be deemed to be incorporated by reference in
this Registration Statement and to be a part hereof from the date of filing of such documents, except as to any document or portion
of any document that is deemed furnished and not filed.</FONT></TD>
</TR></TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0; margin-bottom: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Rule 412 under the Securities Act, any statement contained in a document incorporated by reference herein shall be deemed to
be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any
other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such
statement.&nbsp;Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute
a part of this Registration Statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
4. Description of Securities.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
5. Interests of Named Experts and Counsel.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
6. Indemnification Of Directors and Officers.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Registrant is incorporated under the laws of the State of Delaware. Section 145 of the Delaware General Corporation Law (&ldquo;DGCL&rdquo;)
provides that a Delaware corporation may indemnify any persons who are, or are threatened to be made, parties to any threatened,
pending or completed action, suit or proceeding, whether civil, criminal, administrative, or investigative (other than an action
by or in the right of such corporation), by reason of the fact that such person was an officer, director, employee, or agent of
such corporation, or is or was serving at the request of such person as an officer, director, employee, or agent of another corporation
or enterprise. The indemnity may include expenses (including attorneys&rsquo; fees), judgments, fines, and amounts paid in settlement
actually and reasonably incurred by such person in connection with such action, suit or proceeding, provided that such person
acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the corporation&rsquo;s best interests
and, with respect to any criminal action or proceeding, had no reasonable cause to believe that his or her conduct was illegal.
No indemnification is permitted without judicial approval if the officer or director is adjudged to be liable to the corporation.
Where an officer or director is successful on the merits or otherwise in the defense of any action referred to above, the corporation
must indemnify him or her against the expenses which such officer or director has actually and reasonably incurred. The Restated
Certificate of Incorporation of Neonode Inc., as amended (the &ldquo;Certificate of Incorporation&rdquo;), and Bylaws of Neonode
Inc. provide for the indemnification of directors and officers of the Registrant to the fullest extent permitted under the DGCL.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
102(b)(7) of the DGCL permits a corporation to provide in its certificate of incorporation that a director of the corporation
shall not be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duties as a
director, except for liability:</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 24px; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 24px; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for any breach of a
    director&rsquo;s duty of loyalty to the corporation or its stockholders;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 24px; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 24px; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for acts or omissions
    not in good faith or that involve intentional misconduct or a knowing violation of law;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 24px; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 24px; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for improper payment
    of dividends or redemptions of shares; or</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 24px; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 24px; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for any transaction
    from which the director derives an improper personal benefit</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
permitted by Section 145 of the DGCL, the Registrant&rsquo;s Bylaws provide that (i) the Registrant is required to indemnify its
directors and executive officers to the fullest extent permitted by the DGCL, (ii) the Registrant may, in its discretion, indemnify
other officers, employees and agents as set forth in the DGCL, (iii) to the fullest extent permitted by the DGCL, the Registrant
is required to advance all expenses incurred by its directors and executive officers in connection with a legal proceeding (subject
to certain exceptions), (iv) the rights conferred in the Registrant&rsquo;s Bylaws are not exclusive, (v) the Registrant is authorized
to enter into indemnification agreements with its directors, officers, employees and agents, and (vi) the Registrant may not retroactively
amend its Bylaws provisions relating to indemnity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Registrant has an insurance policy covering its officers and directors with respect to certain liabilities, including liabilities
arising under the Securities Act or otherwise.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indemnification
for liabilities arising under the Securities Act may be permitted to the Registrant&rsquo;s directors, officers, and controlling
persons under the foregoing provisions, or otherwise. The Registrant has been advised that in the opinion of the Securities and
Exchange Commission this indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
above discussion of the DGCL and the Registrant&rsquo;s Certificate of Incorporation and Bylaws is not intended to be exhaustive
and is qualified in its entirety by such statutes, Certificate of Incorporation and Bylaws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
7. Exemption From Registration Claimed.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
8. Exhibits.</B></FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 9%; border-bottom: black 1.5pt solid; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
    Number</B></FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 1%; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 90%; border-bottom: black 1.5pt solid; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><A HREF="ea129240ex5-1_neonodeinc.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Opinion of Rimon, P.C.</FONT></A></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.1</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><A HREF="ea129240ex23-1_neonodeinc.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent of Independent Registered Public Accounting Firm</FONT></A></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.2</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><A HREF="ea129240ex5-1_neonodeinc.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent of Rimon, P.C. (contained in Exhibit&nbsp;5.1 to this Registration Statement)</FONT></A></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><A HREF="#poa_001"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Power of Attorney (contained on the signature page to this Registration Statement)</FONT></A></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ea129240ex99-1_neonodeinc.htm">Neonode Inc. 2020 Stock Incentive Plan</A></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
9. Undertakings.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
undersigned Registrant hereby undertakes:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)
To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)
To include any prospectus required by Section 10(a)(3) of the Securities Act;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)
To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule
424(b) if, in the aggregate, the changes in volume and price represent no more than a 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</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)
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.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Provided,
however</I>, that paragraphs (1)(i) and (1)(ii) do not apply if the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section
13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.</FONT></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)
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 <I>bona fide</I> offering thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)
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.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing
of the Registrant&rsquo;s annual report pursuant to Section 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.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Stockholm, Country of Sweden, on October 30, 2020.</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NEONODE INC.</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 60%; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 4%; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 36%; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; border-bottom: black 1.5pt solid; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/&nbsp;Maria
    Ek</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maria Ek</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial Officer, <BR>
    Vice President, Finance, <BR>
    Treasurer and Secretary</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><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; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="poa_001"></A>POWER
OF ATTORNEY</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>KNOW
ALL PERSONS BY THESE PRESENTS</B>, that each person whose signature appears below constitutes and appoints Urban Forssell and
Maria Ek, and each or any one of them, his or her true and lawful attorney-in-fact and agent, with full power of substitution
and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments
(including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits thereto, and other
documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents,
and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in
connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming
all that said attorneys-in-fact and agents, or any of them, or their or his or her substitutes or substitute, may lawfully do
or cause to be done by virtue hereof.&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed by the following persons in the capacities and on the dates indicated.</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 30%; border-bottom: black 1.5pt solid; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 1%; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 53%; border-bottom: black 1.5pt solid; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Title</B></FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 1%; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 14%; border-bottom: black 1.5pt solid; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Date</B></FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 1%; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; border-bottom: black 1.5pt solid; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Urban Forssell</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">President and
    Chief Executive Officer </FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">October
    30, 2020</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Urban Forssell</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(Principal Executive Officer)</I></FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; border-bottom: black 1.5pt solid; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Maria Ek</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial
    Officer, Vice President, Finance, Treasurer and Secretary</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">October
    30, 2020</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maria Ek</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(Principal Financial and Accounting Officer)</I></FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; border-bottom: black 1.5pt solid; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Ulf Rosberg</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman of the
    Board</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">October
    30, 2020</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ulf Rosberg</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; border-bottom: black 1.5pt solid; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Mattias Bergman</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">October
    30, 2020</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mattias Bergman</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; border-bottom: black 1.5pt solid; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Peter Lindell</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">October
    30, 2020</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Peter Lindell</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; border-bottom: black 1.5pt solid; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Per L&ouml;fgren</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">October
    30, 2020</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Per L&ouml;fgren</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">II-4</P>

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

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<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>ea129240ex5-1_neonodeinc.htm
<DESCRIPTION>OPINION OF RIMON, P.C.
<TEXT>
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<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 5.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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: 0pt 0"><IMG SRC="ex5-1_001.jpg" ALT=""></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November
2, 2020</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Neonode
Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Storgatan
23C, 114 55</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stockholm,
Sweden</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
opinion is furnished to Neonode Inc., a Delaware corporation (the &ldquo;Company&rdquo;), in connection with the filing by the
Company of a Registration Statement on Form S-8 (the &ldquo;Registration Statement&rdquo;) with the Securities and Exchange Commission
covering the offer and sale of up to 750,000 shares of the Company&rsquo;s common stock, par value $0.001 per share (the &ldquo;Shares&rdquo;)
that are issuable pursuant to the Neonode Inc. 2020 Stock Incentive Plan (the &ldquo;2020 Plan&rdquo;).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
legal counsel to the Company, we are familiar with the proceedings taken by the Company in connection with the adoption of the
2020 Plan. We have examined the Registration Statement, the 2020 Plan, the Restated Certificate of Incorporation of the Company,
as amended, the Company&rsquo;s Bylaws, certain resolutions of the Company&rsquo;s Board of Directors, and other proceedings of
the Company related thereto. We have also examined such records, documents, and certificates of public officials and of the Company,
made such inquiries of officers of the Company and public officials, and considered such questions of law as we have deemed necessary
for the purpose of rendering the opinion set forth herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><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: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based
upon the foregoing, we are of the opinion that the Shares have been duly authorized and, when and to the extent issued in accordance
with the 2020 Plan, such Shares will be validly issued, fully paid and nonassessable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><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: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
do not express or purport to express any opinions with respect to laws other than the Federal laws of the United States of America
and the General Corporation Law of the State of Delaware, including the applicable provisions of the Delaware Constitution and
reported judicial decisions interpreting such law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><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: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
consent to the use of this opinion as an exhibit to the Registration Statement and the references to this firm therein. In giving
this consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities
Act of 1933, as amended.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
Rimon, P.C.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rimon,
P.C.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">|&nbsp;One Embarcadero Center Suite 400 San Francisco,
CA 94111&nbsp;|&nbsp;P: 415-683-5472&nbsp;|</P>

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

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>ea129240ex23-1_neonodeinc.htm
<DESCRIPTION>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 23.1</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: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CONSENT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B></FONT></P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated March 11, 2020, relating
to the consolidated financial statements of Neonode Inc. and subsidiaries&nbsp;appearing in the Annual Report on Form 10-K of
Neonode Inc. for the year ended December 31, 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
KMJ Corbin &amp; Company LLP</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Irvine,
California</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November
2, 2020</FONT></P>

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

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>ea129240ex99-1_neonodeinc.htm
<DESCRIPTION>NEONODE INC. 2020 STOCK INCENTIVE PLAN
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>NEONODE INC.<BR>
2020 STOCK INCENTIVE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0">1. <B>Establishment, Purpose and Term of Plan</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">1.1 <B>Establishment</B>.&nbsp;&nbsp;&nbsp;&nbsp;The
Plan is hereby established effective as of July 6, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">1.2 <B>Purpose</B><I>.</I>&nbsp;&nbsp;&nbsp;&nbsp;The
purpose of the Plan is to advance the interests of the Participating Company Group and its stockholders by providing an incentive
to attract, retain and reward persons performing services for the Participating Company Group and by motivating such persons to
contribute to the growth and profitability of the Participating Company Group. The Company intends that Awards granted pursuant
to the Plan be exempt from or comply with Section&nbsp;409A of the Code (including any amendments or replacements of such section),
and the Plan shall be so construed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">1.3 <B>Term of Plan</B>.&nbsp;&nbsp;&nbsp;&nbsp;The
Plan shall continue in effect until its termination by the Board; provided, however, that all Awards shall be granted, if at all,
within five (5) years from the earlier of the date the Plan is adopted by the Board or the date the Plan is duly approved by the
stockholders of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0">2. <B>Definitions and Construction</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">2.1 <B>Definitions</B>.&nbsp;&nbsp;&nbsp;&nbsp;Whenever
used herein, the following terms shall have their respective meanings set forth below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(a) <B>&ldquo;1933 Act&rdquo;</B> means
the Securities Act of 1933, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(b) <B>&ldquo;1934 Act&rdquo;</B> means
the Securities Exchange Act of 1934, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(c) <B>&ldquo;Applicable Laws&rdquo;</B>
means the requirements relating to the administration of equity-based awards under U.S. federal and state corporate laws, U.S.
federal and state securities laws, the Code, any stock exchange or quotation system on which the Company&rsquo;s common stock is
listed or quoted and the applicable laws of any foreign country or jurisdiction where Awards are, or will be, granted under the
Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(d) <B>&ldquo;Award&rdquo;</B> means an
Option, Stock Appreciation Right, Stock Bonus, Restricted Stock, or Restricted Stock Units granted under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(e) <B>&ldquo;Award Agreement&rdquo;</B>
means a written or electronic agreement between the Company and a Participant setting forth the terms, conditions and restrictions
of the Award granted to the Participant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(f) <B>&ldquo;Board&rdquo;</B> means the
Board of Directors of the Company. If one or more Committees have been appointed by the Board to administer the Plan, <B>&ldquo;Board&rdquo;</B>
also means such Committee(s).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(g) <B>&ldquo;Cause&rdquo;</B> means, unless
such term or an equivalent term is otherwise defined with respect to an Award by the Participant&rsquo;s Award Agreement or written
contract of employment or service, any of the following: (i)&nbsp;the Participant&rsquo;s theft, dishonesty, willful misconduct,
breach of fiduciary duty for personal profit, or falsification of any Participating Company documents or records; (ii)&nbsp;the
Participant&rsquo;s material failure to abide by a Participating Company&rsquo;s code of conduct or other policies (including,
without limitation, policies relating to confidentiality and reasonable workplace conduct); (iii)&nbsp;the Participant&rsquo;s
unauthorized use, misappropriation, destruction or diversion of any tangible or intangible asset or corporate opportunity of a
Participating Company (including, without limitation, the Participant&rsquo;s improper use or disclosure of a Participating Company&rsquo;s
confidential or proprietary information); (iv)&nbsp;any intentional act by the Participant which has a material detrimental effect
on a Participating Company&rsquo;s reputation or business; (v)&nbsp;the Participant&rsquo;s repeated failure or inability to perform
any reasonable assigned duties after written notice from a Participating Company of, and a reasonable opportunity to cure, such
failure or inability; (vi)&nbsp;any material breach by the Participant of any employment or service agreement between the Participant
and a Participating Company, which breach is not cured pursuant to the terms of such agreement; or (vii)&nbsp;the Participant&rsquo;s
conviction (including any plea of guilty or <I>nolo contendere</I>) of any criminal act involving fraud, dishonesty, misappropriation
or moral turpitude, or which impairs the Participant&rsquo;s ability to perform his or her duties with a Participating Company.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(h) <B>&ldquo;Change in Control&rdquo;</B>
means the occurrence of any of the following events:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 1in">(i) A change in the ownership of the Company
that occurs on the date that any one person, or more than one person acting as a group (&ldquo;Person&rdquo;), acquires ownership
of the stock of the Company that, together with the stock held by such Person, constitutes more than fifty percent (50%) of the
total voting power of the stock of the Company. For purposes of this Subsection (i), the acquisition of additional stock by any
one Person, who is considered to own more than fifty percent (50%) of the total voting power of the stock of the Company will not
be considered an additional Change in Control; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 1in">(ii)&nbsp;A change in the effective control
of the Company that occurs on the date that a majority of members of the Board is replaced during any twelve (12) month period
by directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment
or election; or for purposes of this Subsection (ii), once any Person is considered to be in effective control of the Company,
the acquisition of additional control of the Company by the same Person will not be considered an additional Change in Control;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 1in">(iii)&nbsp;A change in the ownership of
a &ldquo;substantial portion of the Company&rsquo;s assets&rdquo;, as defined herein. For this purpose, a &ldquo;substantial portion
of the Company&rsquo;s assets&rdquo; shall mean assets of the Company having a total gross fair market value equal to or more than
fifty percent (50%) of the total gross fair market value of all of the assets of the Company immediately prior to such change in
ownership. For purposes of this Subsection (iii), a change in ownership of a substantial portion of the Company&rsquo;s assets
occurs on the date that any Person acquires (or has acquired during the twelve (12) month period ending on the date of the most
recent acquisition by such person or persons) assets from the Company that constitute a &ldquo;substantial portion of the Company&rsquo;s
assets.&rdquo; For purposes of this Subsection (c), the following will not constitute a change in the ownership of a substantial
portion of the Company&rsquo;s assets: (A)&nbsp;a transfer to an entity that is controlled by the Company&rsquo;s stockholders
immediately after the transfer, or (B)&nbsp;a transfer of assets by the Company to: (1)&nbsp;a stockholder of the Company (immediately
before the asset transfer) in exchange for or with respect to the Company&rsquo;s stock, (2)&nbsp;an entity, fifty percent (50%)
or more of the total value or voting power of which is owned, directly or indirectly, by the Company, (3)&nbsp;a Person, that owns,
directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company,
or (4)&nbsp;an entity, at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly,
by a Person described in this Subsection (c). For purposes of this Subsection (c), gross fair market value means the value of the
assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with
such assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 1in">For purposes of this Section, persons will
be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or
acquisition of stock, or similar business transaction with the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 1in">Notwithstanding the foregoing, a transaction
will not be deemed a Change in Control unless the transaction qualifies as a change in control event within the meaning of Section&nbsp;409A
of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 1in">Further and for the avoidance of doubt,
a transaction will not constitute a Change in Control if its primary purpose is to: (1)&nbsp;change the state of the Company&rsquo;s
incorporation, or (2)&nbsp;create a holding company that will be owned in substantially the same proportions by the persons who
held the Company&rsquo;s securities immediately before such transaction</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(i) <B>&ldquo;Code&rdquo;</B> means the
Internal Revenue Code of 1986, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(j) <B>&ldquo;Committee&rdquo;</B> means
the committee appointed by the Board pursuant to Section&nbsp;3 to administer the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(k) <B>&ldquo;Company&rdquo;</B> means
Neonode Inc., a Delaware corporation, or any successor corporation thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(l) <B>&ldquo;Consultant&rdquo;</B> means
a person engaged to provide consulting or advisory services (other than as an Employee or a Director) to a Participating Company,
provided that the identity of such person, the nature of such services or the entity to which such services are provided would
not preclude the Company from offering or selling securities to such person pursuant to the Plan in reliance on a Form&nbsp;S-8
Registration Statement under the Securities Act.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(m) <B>&ldquo;Director&rdquo;</B> means
a member of the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(n) <B>&ldquo;Disability&rdquo;</B> means
a permanent and total disability within the meaning of Section&nbsp;22(e)(3) of the Code. In the case of Awards other than Incentive
Stock Options, the Committee, in its discretion, may determine that a different definition of Disability shall apply in accordance
with standards adopted by the Committee from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(o) <B>&ldquo;Employee&rdquo;</B> means
any person treated as an employee (including an Officer or a Director who is also treated as an employee) in the records of a Participating
Company and, with respect to any Incentive Stock Option granted to such person, who is an employee for purposes of Section&nbsp;422
of the Code; provided, however, that neither service as a Director nor payment of a director&rsquo;s fee shall be sufficient to
constitute employment for purposes of the Plan. The Company shall determine in its discretion whether an individual has become
or has ceased to be an Employee and the effective date of such individual&rsquo;s employment or termination of employment, as the
case may be. For purposes of an individual&rsquo;s rights, if any, under the terms of the Plan as of the time of the Company&rsquo;s
determination of whether or not the individual is an Employee, all such determinations by the Company shall be final, binding and
conclusive as to such rights, if any, notwithstanding that the Company or any court of law or governmental agency subsequently
makes a contrary determination as to such individual&rsquo;s status as an Employee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(p) &ldquo;<B>Exchange Program</B>&rdquo;
shall mean a program under which (i)&nbsp;outstanding Awards are surrendered or cancelled in exchange for Awards of the same type
(which may have higher or lower exercise prices and different terms), Awards of a different type, and/or cash, (ii)&nbsp;Participants
would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by
the Committee, and/or (iii)&nbsp;the exercise price of an outstanding Award is reduced or increased. The Committee will determine
the terms and conditions of any Exchange Program in its sole discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(q) <B>&ldquo;Exercise Price&rdquo;</B>
means the price at which a Share may be purchased by a Participant pursuant to the exercise of an Option or SAR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(r) <B>&ldquo;Fair Market Value&rdquo;</B>
means, as of any date, the value of a share of Stock or other property as determined by the Board, in its discretion, or by the
Company, in its discretion, if such determination is expressly allocated to the Company herein, subject to the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 1in">(i) If, on such date, the Stock is listed
on a national or regional securities exchange or market system, the Fair Market Value of a share of Stock shall be the closing
price of a share of Stock as quoted on the national or regional securities exchange or market system constituting the primary market
for the Stock, as reported in The Wall Street Journal or such other source as the Company deems reliable. If the relevant date
does not fall on a day on which the Stock has traded on such securities exchange or market system, the date on which the Fair Market
Value shall be established shall be the last day on which the Stock was so traded prior to the relevant date, or such other appropriate
day as shall be determined by the Board, in its discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 1in">(ii)&nbsp;If, on such date, the Stock is
not listed on a national or regional securities exchange or market system, the Fair Market Value of a share of Stock shall be as
determined by the Board in good faith without regard to any restriction other than a restriction which, by its terms, will never
lapse, and in a manner consistent with the requirements of Section&nbsp;409A of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 1in">(iii)&nbsp;The Board also may adopt a different
methodology for determining fair market value with respect to any Award if a different methodology is necessary or advisable to
secure any intended favorable tax, legal or other treatment for the particular Award (for example, and without limitation, the
Board may provide that fair market value for purposes of one or more awards will be based on an average of closing prices (or the
average of high and low daily trading prices) for a specified period preceding the relevant date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(s) <B>&ldquo;Grant Date&rdquo;</B> means,
with respect to an Award, the date on which the Committee makes the determination granting such Award, or such later date as is
determined by the Committee at the time it approves the grant. The Grant Date of an Award shall not be earlier than the date the
Award is approved by the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(t) <B>&ldquo;Incentive Stock Option&rdquo;</B>
means an Option intended to be (as set forth in the Award Agreement) and which qualifies as an incentive stock option within the
meaning of Section&nbsp;422(b).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(u) <B>&ldquo;Insider&rdquo;</B> means
an Officer, a Director or other person whose transactions in Stock are subject to Section&nbsp;16 of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(v) <B>&ldquo;Insider Trading Policy&rdquo;</B>
means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company&rsquo;s
equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information
regarding the Company or its securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(w) <B>&ldquo;Nonemployee Director&rdquo;</B>
means a Director who is not an employee of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(x) <B>&ldquo;Nonstatutory Stock Option&rdquo;</B>
means an Option not intended to be (as set forth in the Award Agreement) or which does not qualify as an Incentive Stock Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(y) <B>&ldquo;Officer&rdquo;</B> means
any person designated by the Board as an executive officer of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(z) <B>&ldquo;Option&rdquo;</B> means an
Incentive Stock Option or a Nonstatutory Stock Option granted pursuant to the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(aa) <B>&ldquo;Parent Corporation&rdquo;</B>
means any present or future &ldquo;parent corporation&rdquo; of the Company, as defined in Section&nbsp;424(e) of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(bb) <B>&ldquo;Participant&rdquo;</B> means
any eligible person who has been granted one or more Awards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(cc) <B>&ldquo;Participating Company&rdquo;</B>
means the Company or any Parent Corporation or Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(dd) <B>&ldquo;Participating Company Group&rdquo;</B>
means, at any point in time, all entities collectively which are then Participating Companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(ee) <B>&ldquo;Performance Goals&rdquo;</B>
means the goal(s) (or combined goal(s)) determined by the Committee in its discretion to be applicable to a Participant with respect
to an Award. As determined by the Committee, the Performance Goals applicable to an Award shall provide for a targeted level or
levels of achievement using one or more of the following measures: (a)&nbsp;cash flow, (b)&nbsp;earnings per share, (c)&nbsp;gross
revenue, (d)&nbsp;market share, (e)&nbsp;return on capital, (f)&nbsp;total stockholder return, (g)&nbsp;share price performance,
(h)&nbsp;return on assets or net assets, (i)&nbsp;income or net income, (j)&nbsp;operating income or net operating income, (k)&nbsp;operating
profit or net operating profit, (l)&nbsp;operating margin or profit margin, (m)&nbsp;return on operating revenue, (n)&nbsp;return
on invested capital, (o)&nbsp;product release schedules, (p)&nbsp;new product innovation, (q)&nbsp;product cost reduction through
advanced technology, (r)&nbsp;brand recognition/acceptance, (s)&nbsp;product shipment targets, or (t)&nbsp;customer satisfaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(ff) <B>&ldquo;Performance Period&rdquo;</B>
means the time period during which the Performance Goals or continued status as an Employee, Director, or Consultant must be met
as determined by the Committee at is sole discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(gg) <B>&ldquo;Plan&rdquo;</B> means the
Neonode Inc. 2020 Stock Incentive Plan, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(hh) <B>&ldquo;Restricted Stock Award&rdquo;</B>
means an Award of restricted stock granted pursuant to Section&nbsp;8.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(ii) <B>&ldquo;Restricted Stock Unit Award&rdquo;</B>
means an Award of a right to receive Stock on a future date granted pursuant to Section&nbsp;9.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(jj) <B>&ldquo;Rule&nbsp;16b-3&rdquo;</B>
means Rule&nbsp;16b-3 promulgated under the 1934 Act, and any future regulation amending, supplementing or superseding such regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(kk) <B>&ldquo;Section&nbsp;16 Person&rdquo;</B>
means an individual, who, with respect to the shares of Stock, is subject to Section&nbsp;16 of the 1934 Act and the rules and
regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(ll) <B>&ldquo;Service&rdquo;</B> means
a Participant&rsquo;s employment or service with the Participating Company Group, whether in the capacity of an Employee, a Director
or a Consultant. Unless otherwise provided by the Board, a Participant&rsquo;s Service shall not be deemed to have terminated merely
because of a change in the capacity in which the Participant renders such Service or a change in the Participating Company for
which the Participant renders such Service, provided that there is no interruption or termination of the Participant&rsquo;s Service.
Furthermore, a Participant&rsquo;s Service shall not be deemed to have terminated if the Participant takes any military leave,
sick leave, or other bona fide leave of absence approved by the Company. However, unless otherwise provided by the Board, if any
such leave taken by a Participant exceeds ninety (90) days, then on the ninety-first (91<SUP>st</SUP>) day following the commencement
of such leave the Participant&rsquo;s Service shall be deemed to have terminated, unless the Participant&rsquo;s right to return
to Service is guaranteed by statute or contract. Notwithstanding the foregoing, unless otherwise designated by the Company or required
by law, an unpaid leave of absence shall not be treated as Service for purposes of determining vesting under the Participant&rsquo;s
Award Agreement. Except as otherwise provided by the Board, in its discretion, the Participant&rsquo;s Service shall be deemed
to have terminated either upon an actual termination of Service or upon the business entity for which the Participant performs
Service ceasing to be a Participating Company. Subject to the foregoing, the Company, in its discretion, shall determine whether
the Participant&rsquo;s Service has terminated and the effective date of and reason for such termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(mm) <B>&ldquo;Stock&rdquo;</B> means a
share of common stock of the Company, as adjusted from time to time in accordance with Section&nbsp;4.3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(nn) <B>&ldquo;Stock Appreciation Right
or SAR&rdquo;</B> means an Award of a right to receive Stock or the cash-value of stock granted pursuant to Section&nbsp;6.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(oo) <B>&ldquo;Stock Bonus&rdquo;</B> means
an Award granted pursuant to Section&nbsp;7.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(pp) <B>&ldquo;Subsidiary&rdquo;</B> means
any present or future &ldquo;subsidiary corporation&rdquo; of the Company, as defined in Section&nbsp;424(f) of the Code, or entity
in which the Company has a direct or indirect equity interest which is so designated by the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(qq) <B>&ldquo;Ten Percent Stockholder&rdquo;</B>
means a person who, at the time an Award is granted to such person, owns stock possessing more than ten percent (10%) of the total
combined voting power of all classes of stock of a Participating Company within the meaning of Section&nbsp;422(b)(6) of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(rr) <B>&ldquo;U.S.&rdquo;</B> means the
United&nbsp;States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(ss) <B>&ldquo;Vesting Conditions&rdquo;</B>
mean those conditions established in accordance with the Plan prior to the satisfaction of which shares subject to an Award remain
subject to forfeiture or a repurchase option in favor of the Company exercisable for the Participant&rsquo;s monetary purchase
price, if any, for such shares upon the Participant&rsquo;s termination of Service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">2.2 <B>Construction</B>.&nbsp;&nbsp;&nbsp;&nbsp;Captions
and titles contained herein are for convenience only and shall not affect the meaning or interpretation of any provision of the
Plan. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular.
Use of the term &ldquo;or&rdquo; is not intended to be exclusive, unless the context clearly requires otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0">3. <B>Administration</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">3.1 <B>The Committee</B>.&nbsp;&nbsp;&nbsp;&nbsp;The
Plan shall be administered by the Committee. The Committee shall consist of not less than two (2)&nbsp;Directors who shall be appointed
from time to time by, and shall serve at the pleasure of, the Board of Directors. The Committee shall be comprised solely of Directors
are &ldquo;non-employee directors&rdquo; under Rule&nbsp;16b-3. Additionally, to the extent required by Applicable Laws, each of
the individuals constituting the Committee shall be an &ldquo;independent director&rdquo;. Notwithstanding the foregoing, any action
taken by the Committee shall be valid and effective, whether or not members of the Committee at the time of such action are later
determined not to have satisfied the requirements for membership set forth in this Subsection.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">3.2 <B>Authority of the Committee</B>.&nbsp;&nbsp;&nbsp;&nbsp;It
shall be the duty of the Committee to administer the Plan in accordance with the Plan&rsquo;s provisions. The Committee shall have
all powers and discretion necessary or appropriate to administer the Plan and to control its operation, including, but not limited
to, the power to (a)&nbsp;determine which Employees Consultants and Directors shall be granted Awards, (b)&nbsp;prescribe the terms
and conditions of the Awards, (c)&nbsp;interpret the Plan and the Awards, (d)&nbsp;adopt such procedures and subplans as are necessary
or for the purpose of satisfying Applicable Laws, (e)&nbsp;institute and determine the terms and conditions of an Exchange Program,
(f)&nbsp;adopt rules for the administration, interpretation and application of the Plan as are consistent therewith, and (g)&nbsp;interpret,
amend or revoke any such rules.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">3.3 <B>Delegation by the Committee</B>.&nbsp;&nbsp;&nbsp;&nbsp;The
Committee, in its sole discretion and on such terms and conditions as it may provide, may delegate all or any part of its authority
and powers under the Plan to one or more Directors or officers of the Company, except that the Committee may not delegate all or
any part of its authority under the Plan with respect to Awards granted to any individual who is subject to Section&nbsp;16 Persons.
To the extent of any delegation by the Committee, references to the Committee in this Plan and any Award Agreement shall be deemed
also to include reference to the applicable delegate(s).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">3.4 <B>Decisions Binding</B>.&nbsp;&nbsp;&nbsp;&nbsp;All
interpretations, determinations and decisions made by the Committee, the Board, and any delegate of the Committee pursuant to the
provisions of the Plan shall be final, conclusive, and binding on all persons, and shall be given the maximum deference permitted
by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">3.5 <B>Non-U.S. Holders</B>.&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
any provision of the Plan to the contrary, in order to comply with the laws in countries other than the U.S. in which the Company
and its Subsidiaries operate or have Employees, Consultants, or Directors or in order to comply with the requirements of any foreign
securities exchange, the Committee, in its sole discretion, shall have the power and authority to: (a)&nbsp;determine which Subsidiaries
shall be covered by the Plan; (b)&nbsp;determine which Employees, Consultants, or Directors outside the U.S. are eligible to participate
in the Plan; (c)&nbsp;modify the terms and conditions of any Award granted to an Employee, Consultant, or Director outside the
U.S. to comply with applicable foreign laws or listing requirements of any such foreign securities exchange; (d)&nbsp;establish
subplans and modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable
(any such subplans and/or modifications shall be attached to the Plan as appendices); provided, however, that no such subplans
and/or modifications shall increase the share limitations contained in Sections&nbsp;4.1, 6.1, 7.1, 8.1 and 9.1; and (e)&nbsp;take
any action, before or after an Award is made, that it deems advisable to obtain approval or comply with any necessary local governmental
regulatory exemptions or approvals or listing requirements of any such foreign securities exchange. Notwithstanding the foregoing,
the Committee may not take any actions hereunder, and no Awards shall be granted, that would violate Applicable Law. For purposes
of the Plan, all references to foreign laws, rules, regulations or taxes shall be references to the laws, rules, regulations and
taxes of any applicable jurisdiction other than the U.S. or a political subdivision thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0">4. <B>Shares Subject to Plan</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">4.1 <B>Number of Shares</B>.&nbsp;&nbsp;&nbsp;&nbsp;Subject
to adjustment as provided in Section&nbsp;4.3, the aggregate number of shares of Stock that may be issued pursuant to Awards shall
not exceed Seven Hundred Fifty Thousand (750,000) shares of Stock (the &ldquo;Share Reserve&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">4.2 <B>Lapsed Awards</B>.&nbsp;&nbsp;&nbsp;&nbsp;If
an Award expires without having been exercised in full, or, with respect to Restricted Stock and Restricted Stock Units is forfeited
to the Company, the shares which were subject thereto will become available for future grant or sale under the Plan (unless the
Plan has terminated). Shares that have been issued under the Plan under any Award will not be returned to the Plan and will not
become available for future distribution under the Plan; provided, however, that if unvested shares of Restricted Stock or Restricted
Stock Units are repurchased by the Company or are forfeited to the Company, or shares subject to Awards are surrendered or cancelled
pursuant to an Exchange Program, such shares will become available for future grant under the Plan. Shares used to pay the exercise
or purchase price of an Award and/or to satisfy the tax withholding obligations related to an Award will not become available for
future grant or sale under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">4.3 <B>Adjustments in Awards and Authorized
Shares</B>.&nbsp;&nbsp;&nbsp;&nbsp;In the event that any dividend (other than regular, ongoing dividends) or other distribution
(whether in the form of cash, shares, other securities, or other property), recapitalization, stock split, reverse stock split,
reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of shares or other securities of
the Company, or other change in the corporate structure of the Company affecting the shares such that an adjustment is determined
by the Committee (in its sole discretion) to be appropriate in order to prevent dilution or enlargement of the benefits or potential
benefits intended to be made available under the Plan, then the Committee shall, in such manner as it may deem equitable, adjust
the number and class of stock. Notwithstanding the preceding, the number of shares subject to any Award always shall be a whole
number.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0">5. <B>Eligibility</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">5.1 <B>Persons Eligible for Awards</B><I>.</I>&nbsp;&nbsp;&nbsp;&nbsp;Awards
may be granted only to Employees, Consultants and Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">5.2 <B>Participation in the Plan</B>.&nbsp;&nbsp;&nbsp;&nbsp;Awards
are granted solely at the discretion of the Board. Eligible persons may be granted more than one Award. However, eligibility in
accordance with this Section shall not entitle any person to be granted an Award, or, having been granted an Award, to be granted
an additional Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0">6. <B>Options and Stock Appreciation Rights</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">Options and SARs shall be evidenced by
Award Agreements specifying the number of shares of Stock covered thereby, in such form as the Board shall from time to time establish.
Award Agreements may incorporate all or any of the terms of the Plan by reference and shall comply with and be subject to the following
terms and conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">6.1 <B>Option and SAR Limitations</B>.&nbsp;&nbsp;&nbsp;&nbsp;No
Participant shall be granted Options or SARs covering more than a total of Two Hundred Fifty Thousand (250,000) shares of Stock
during any one Company fiscal year. Notwithstanding the foregoing, during the Company fiscal year in which a Participant first
becomes an Employee, he or she may be granted Options or SARs to purchase up to a total of an additional Two Hundred Fifty Thousand
(250,000) shares of Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">6.2 <B>Exercise Price</B><I>.</I>&nbsp;&nbsp;&nbsp;&nbsp;The
exercise price for each Option or SAR shall be established in the discretion of the Board; provided, however, that (a)&nbsp;the
exercise price per share for an Option or SAR shall be not less than the Fair Market Value of a share of Stock on the effective
date of grant of the Option or SAR and (b)&nbsp;no Incentive Stock Option granted to a Ten Percent Stockholder shall have an exercise
price per share less than one hundred ten percent (110%) of the Fair Market Value of a share of Stock on the effective date of
grant of the Incentive Stock Option. Notwithstanding the foregoing, an Option (whether an Incentive Stock Option or a Nonstatutory
Stock Option) or SAR may be granted with an exercise price lower than the minimum exercise price set forth above if such Option
or SAR is granted pursuant to an assumption or substitution for another option or SAR in a manner qualifying under the provisions
of Section&nbsp;424(a) of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">6.3 <B>Exercisability and Term of Options
and SARs</B><I>.</I>&nbsp;&nbsp;&nbsp;&nbsp;Options and SARs shall be exercisable at such time or times, or upon such event or
events, and subject to such terms, conditions, Performance Goals and restrictions as shall be determined by the Board and set forth
in the Award Agreement evidencing such Option or SAR; provided, however, that (a)&nbsp;no Option or SAR shall be exercisable after
the expiration of ten (10) years after the effective date of grant of such Option or SAR and (b)&nbsp;no Incentive Stock Option
granted to a Ten Percent Stockholder shall be exercisable after the expiration of five (5) years after the effective date of grant
of such Incentive Stock Option. Subject to the foregoing, unless otherwise specified by the Board in the grant of an Option or
SAR, any Option or SAR granted hereunder shall terminate ten (10) years after the effective date of grant of the Option or SAR,
unless earlier terminated in accordance with its provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">6.4 <B>Exercise of SAR</B>.&nbsp;&nbsp;&nbsp;&nbsp;Upon
the exercise of a SAR, a Participant shall be entitled to receive payment from the Company in an amount determined by multiplying:
(a)&nbsp;the difference between the Fair Market Value of the Stock on the date of exercise over the exercise price by (b)&nbsp;the
number of shares with respect to which the SAR is exercised. At the discretion of the Committee, the payment upon exercise of a
SAR may be in cash, in shares of equivalent value, in some combination thereof or in any other manner approved by the Committee
in its sole discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">6.5 <B>Payment of Exercise Price</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(a) <B>Forms of Consideration Authorized</B><I>.</I>&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise provided below, payment of the exercise price for the number of shares of Stock being purchased pursuant to any Option
or SAR shall be made (i)&nbsp;in cash, by check or in cash equivalent, (ii)&nbsp;by tender to the Company, or attestation to the
ownership, of shares of Stock owned by the Participant having a Fair Market Value not less than the exercise price, (iii)&nbsp;by
delivery of a properly executed notice of exercise together with irrevocable instructions to a broker providing for the assignment
to the Company of the proceeds of a sale or loan with respect to some or all of the shares being acquired upon the exercise of
the Option (including, without limitation, through an exercise complying with the provisions of Regulation T as promulgated from
time to time by the Board of Governors of the Federal Reserve System) (a <B>&ldquo;Cashless Exercise&rdquo;</B>) or SAR, (iv)&nbsp;by
delivery of a properly executed notice electing a Net-Exercise, (v)&nbsp;by such other consideration as may be approved by the
Board from time to time to the extent permitted by applicable law, or (vi)&nbsp;by any combination thereof. The Board may at any
time or from time to time grant Options and SARS which do not permit all of the foregoing forms of consideration to be used in
payment of the exercise price or which otherwise restrict one or more forms of consideration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(b) <B>Limitations on Forms of Consideration
&mdash; Tender of Stock</B>.&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the foregoing, an Option or SAR may not be exercised by tender
to the Company, or attestation to the ownership, of shares of Stock to the extent such tender or attestation would constitute a
violation of the provisions of any law, regulation or agreement restricting the redemption of the Company&rsquo;s Stock. Unless
otherwise provided by the Board, an Option or SAR may not be exercised by tender to the Company, or attestation to the ownership,
of shares of Stock unless such shares either have been owned by the Participant for more than six (6)&nbsp;months or such other
period, if any, required by the Company (and were not used for another Option or SAR exercise by attestation during such period)
or were not acquired, directly or indirectly, from the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">6.6 <B>Certain Additional Provisions for
Incentive Stock Options</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(a) <B>Maximum Number of Shares Issuable
Pursuant to Incentive Stock Options</B>.<B>&nbsp;&nbsp;&nbsp;&nbsp;</B>Subject to Section&nbsp;4 and adjustment as provided in
Subsection 4.3, the maximum aggregate number of shares of Stock that may be issued under the Plan pursuant to the exercise of Incentive
Stock Options shall not exceed Seven Hundred Fifty Thousand (750,000) shares (the <B>&ldquo;ISO Share Limit&rdquo;</B>). The maximum
aggregate number of shares of Stock that may be issued under the Plan pursuant to all Awards other than Incentive Stock Options
shall be the number of shares determined in accordance with Section&nbsp;4, subject to adjustment as provided in Subsection 4.3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(b) <B>Exercisability</B>.&nbsp;&nbsp;&nbsp;&nbsp;The
aggregate Fair Market Value (determined on the Grant Date(s)) of the shares with respect to which Incentive Stock Options are exercisable
for the first time by any Employee during any calendar year (under all plans of the Company and its Subsidiaries) shall not exceed
$100,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(c) <B>Termination of Service</B>.&nbsp;&nbsp;&nbsp;&nbsp;No
Incentive Stock Option may be exercised more than three (3)&nbsp;months after the Participant&rsquo;s Termination of Service for
any reason other than Disability or death, unless (a)&nbsp;the Participant dies during such three-month period, and/or (b)&nbsp;the
Award Agreement or the Committee permits later exercise (in which case the Option instead may be deemed to be a Nonqualified Stock
Option). No Incentive Stock Option may be exercised more than one (1) year after the Participant&rsquo;s Termination of Service
on account of Disability, unless (a)&nbsp;the Participant dies during such one-year period, and/or (b)&nbsp;the Award Agreement
or the Committee permit later exercise (in which case the option instead may be deemed to be a Nonqualified Stock Option).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(d) <B>Expiration</B>.&nbsp;&nbsp;&nbsp;&nbsp;No
Incentive Stock Option may be exercised after the expiration of ten (10) years from the Grant Date; provided, however, that if
the Option is granted to an Employee who, together with persons whose stock ownership is attributed to the Employee pursuant to
Section&nbsp;424(d) of the Code, owns stock possessing more than 10% of the total combined voting power of all classes of the stock
of the Company or any of its Subsidiaries, the Option may not be exercised after the expiration of five (5) years from the Grant
Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">6.7 <B>Effect of Termination of Service</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(a) <B>Option and SAR Exercisability</B>.&nbsp;&nbsp;&nbsp;&nbsp;Subject
to earlier termination of the Option or SAR as otherwise provided by this Plan and unless a longer exercise period is provided
by the Board, an Option or SAR shall terminate immediately upon the Participant&rsquo;s termination of Service to the extent that
it is then unvested and shall be exercisable after the Participant&rsquo;s termination of Service to the extent it is then vested
only during the applicable time period determined in accordance with this Section and thereafter shall terminate:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 1in">(i) <B>Disability</B>.&nbsp;&nbsp;&nbsp;&nbsp;If
the Participant&rsquo;s Service terminates because of the Disability of the Participant, the Option or SAR, to the extent unexercised
and exercisable for vested shares on the date on which the Participant&rsquo;s Service terminated, may be exercised by the Participant
(or the Participant&rsquo;s guardian or legal representative) at any time prior to the expiration of twelve (12) months after the
date on which the Participant&rsquo;s Service terminated, but in any event no later than the date of expiration of the Option&rsquo;s
or SAR&rsquo;s term as set forth in the Award Agreement evidencing such Option or SAR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 1in">(ii)&nbsp;<B>Death</B>.&nbsp;&nbsp;&nbsp;&nbsp;If
the Participant&rsquo;s Service terminates because of the death of the Participant, the Option or SAR, to the extent unexercised
and exercisable for vested shares on the date on which the Participant&rsquo;s Service terminated, may be exercised by the Participant&rsquo;s
legal representative or other person who acquired the right to exercise the Option or SAR by reason of the Participant&rsquo;s
death at any time prior to the expiration of twelve (12)&nbsp;months after the date on which the Participant&rsquo;s Service terminated,
but in any event no later than the Option or SAR Expiration Date. The Participant&rsquo;s Service shall be deemed to have terminated
on account of death if the Participant dies within three (3)&nbsp;months after the Participant&rsquo;s termination of Service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 1in">(iii)&nbsp;<B>Termination for Cause</B>.&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
any other provision of the Plan to the contrary, if the Participant&rsquo;s Service is terminated for Cause, the Option or SAR
shall terminate in its entirety and cease to be exercisable immediately upon such termination of Service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 1in">(iv)&nbsp;<B>Other Termination of Service</B>.&nbsp;&nbsp;&nbsp;&nbsp;If
the Participant&rsquo;s Service terminates for any reason, except Disability, death or Cause, the Option or SAR, to the extent
unexercised and exercisable for vested shares on the date on which the Participant&rsquo;s Service terminated, may be exercised
by the Participant at any time prior to the expiration of three (3)&nbsp;months after the date on which the Participant&rsquo;s
Service terminated, but in any event no later than the Option or SAR Expiration Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(b) <B>Extension if Exercise Prevented
by Law</B>.&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the foregoing other than termination of Service for Cause, if the exercise of
an Option or SAR within the applicable time periods set forth in Subsection&nbsp;6.7(a) is prevented by the provisions of Section&nbsp;13
below, the Option or SAR shall remain exercisable until the later of (i)&nbsp;thirty (30) days after the date such exercise first
would no longer be prevented by such provisions or (ii)&nbsp;the end of the applicable time period under Subsection 6.7(a), but
in any event no later than the Option or SAR Expiration Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">6.8 <B>Transferability of Options or SARs</B>.&nbsp;&nbsp;&nbsp;&nbsp;During
the lifetime of the Participant, an Option or SAR shall be exercisable only by the Participant or the Participant&rsquo;s guardian
or legal representative. An Option or SAR shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer,
assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant&rsquo;s beneficiary, except
transfer by will or by the laws of descent and distribution. Notwithstanding the foregoing, to the extent permitted by the Board,
in its discretion, and set forth in the Award Agreement evidencing such Option, a Nonstatutory Stock Option shall be assignable
or transferable subject to the applicable limitations, if any, described in the General Instructions to Form&nbsp;S-8 Registration
Statement under the 1933 Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">6.9 <B>No Repricing</B>.&nbsp;&nbsp;&nbsp;&nbsp;Other
than in connection with a change in the Company&rsquo;s capitalization or other transaction as described in Section&nbsp;4.3 of
the Plan, at any time when the Exercise Price of an Option or SAR is above the market value of a share of Stock, the Company shall
not, without stockholder approval, reduce the Exercise Price of such Option or SAR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0">7. <B>Stock Bonus</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">Stock Bonus Awards shall be evidenced by
Award Agreements in such form as the Board shall from time to time establish. Award Agreements evidencing Stock Bonus Awards may
incorporate all or any of the terms of the Plan by reference and shall comply with and be subject to the following terms and conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">7.1 <B>Stock Bonus Limitations</B>.&nbsp;&nbsp;&nbsp;&nbsp;No
Participant shall be granted a Stock Bonus covering more than a total of Two Hundred Fifty Thousand (250,000) shares of Stock during
any one Company fiscal year. Notwithstanding the foregoing, during the Company fiscal year in which a Participant first becomes
an Employee, he or she may be granted a Stock Bonus to purchase up to a total of an additional Two Hundred Fifty Thousand (250,000)
shares of Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">7.2 <B>Vesting and Restrictions on Transfer</B>.&nbsp;&nbsp;&nbsp;&nbsp;Shares
of Stock issued pursuant to any Stock Bonus Award may (but need not) be made subject to Vesting Conditions based upon the satisfaction
of such Service requirements, conditions, restrictions or Performance Goals, as shall be established by the Board and set forth
in the Award Agreement evidencing such Award. The Board, in its discretion, may provide in any Award Agreement evidencing a Stock
Bonus Award that, if the satisfaction of Vesting Conditions with respect to any shares subject to such Stock Bonus Award would
otherwise occur on a day on which the sale of such shares would violate the provisions of the Insider Trading Policy, then satisfaction
of the Vesting Conditions automatically shall be determined on the next trading day on which the sale of such shares would not
violate the Insider Trading Policy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">7.3 <B>Form&nbsp;of Payment to Participant</B>.&nbsp;&nbsp;&nbsp;&nbsp;Payment
may be made in the form of cash, whole shares of Stock, or a combination thereof, based on the Fair Market Value of the shares
of Stock earned under a Stock Bonus Award on the date of payment, as determined in the sole discretion of the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">7.4 <B>Effect of Termination of Service</B>.&nbsp;&nbsp;&nbsp;&nbsp;Each
Award Agreement will specify the consequences of a Participant&rsquo;s ceasing to be a Service Provider prior to the settlement
of a Stock Bonus Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0">8. <B>Restricted Stock Awards</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">Restricted Stock Awards shall be evidenced
by Award Agreements in such form as the Board shall from time to time establish. Award Agreements evidencing Restricted Stock Awards
may incorporate all or any of the terms of the Plan by reference and shall comply with and be subject to the following terms and
conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">8.1 <B>Restricted Stock Limitations</B>.&nbsp;&nbsp;&nbsp;&nbsp;No
Participant shall be granted Restricted Stock covering more than a total of Two Hundred Fifty Thousand (250,000) shares of Stock
during any one Company fiscal year. Notwithstanding the foregoing, during the Company fiscal year in which a Participant first
becomes an Employee, he or she may be granted Restricted Stock to purchase up to a total of an additional Two Hundred Fifty Thousand
(250,000) shares of Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">8.2 <B>Types of Restricted Stock Awards
Authorized</B>.&nbsp;&nbsp;&nbsp;&nbsp;Restricted Stock Awards may be granted upon such conditions as the Board shall determine,
including, without limitation, upon the attainment of one or more performance goals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">8.3 <B>Purchase Price</B>.&nbsp;&nbsp;&nbsp;&nbsp;The
purchase price for shares of Stock issuable under each Restricted Stock Award shall be established by the Board in its discretion.
Except as may be required by applicable law or established by the Board, no monetary payment (other than applicable tax withholding)
shall be required as a condition of receiving shares of Stock pursuant to a Restricted Stock Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">8.4 <B>Payment of Purchase Price</B>.&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise provided below, payment of the purchase price (if any) for the number of shares of Stock being purchased pursuant
to any Restricted Stock Award shall be made (a)&nbsp;in cash, by check or in cash equivalent, (b)&nbsp;by such other consideration
as may be approved by the Board from time to time to the extent permitted by applicable law, or (c)&nbsp;by any combination thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">8.5 <B>Vesting and Restrictions on Transfer</B>.&nbsp;&nbsp;&nbsp;&nbsp;Shares
issued pursuant to any Restricted Stock Award may (but need not) be made subject to Vesting Conditions based upon the satisfaction
of such Service requirements, conditions, restrictions or Performance Goals, as shall be established by the Board and set forth
in the Award Agreement evidencing such Award. During any period in which shares acquired pursuant to a Restricted Stock Award remain
subject to Vesting Conditions, such shares may not be sold, exchanged, transferred, pledged, assigned or otherwise disposed of
other than pursuant to an Ownership Change Event or as provided in Subsection 8.7. The Board, in its discretion, may provide in
any Award Agreement evidencing a Restricted Stock Award that, if the satisfaction of Vesting Conditions with respect to any shares
subject to such Restricted Stock Award would otherwise occur on a day on which the sale of such shares would violate the provisions
of the Insider Trading Policy, then satisfaction of the Vesting Conditions automatically shall be determined on the next trading
day on which the sale of such shares would not violate the Insider Trading Policy. Upon request by the Company, each Participant
shall execute any agreement evidencing such transfer restrictions prior to the receipt of shares of Stock hereunder and shall promptly
present to the Company any and all certificates representing shares of Stock acquired hereunder for the placement on such certificates
of appropriate legends evidencing any such transfer restrictions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">8.6 <B>Voting Rights; Dividends and Distributions</B>.&nbsp;&nbsp;&nbsp;&nbsp;Except
as provided in this Subsection 8.6, Subsection 8.5 and any Award Agreement, during any period in which shares acquired pursuant
to a Restricted Stock Award remain subject to Vesting Conditions, the Participant shall have all of the rights of a stockholder
of the Company holding shares of Stock, including the right to vote such shares and to receive all dividends and other distributions
paid with respect to such shares. However, in the event of a dividend or distribution paid in shares of Stock or other property
or any other adjustment made upon a change in the capital structure of the Company as described in Subsection 4.3, any and all
new, substituted or additional securities or other property (other than normal cash dividends) to which the Participant is entitled
by reason of the Participant&rsquo;s Restricted Stock Award shall be immediately subject to the same Vesting Conditions as the
shares subject to the Restricted Stock Award with respect to which such dividends or distributions were paid or adjustments were
made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">8.7 <B>Effect of Termination of Service</B>.&nbsp;&nbsp;&nbsp;&nbsp;Unless
otherwise provided by the Board in the Award Agreement evidencing a Restricted Stock Award, if a Participant&rsquo;s Service terminates
for any reason, whether voluntary or involuntary (including the Participant&rsquo;s death or disability), then (a)&nbsp;the Company
shall have the option to repurchase for the purchase price paid by the Participant any shares acquired by the Participant pursuant
to a Restricted Stock Award which remain subject to Vesting Conditions as of the date of the Participant&rsquo;s termination of
Service and (b)&nbsp;if the Participant did not pay any consideration for any shares acquired by the Participant pursuant to a
Restricted Stock Award which remain subject to Vesting Conditions as of the date of the Participant&rsquo;s termination of Service.
The Company shall have the right to assign at any time any repurchase right it may have, whether or not such right is then exercisable,
to one or more persons as may be selected by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">8.8 <B>Nontransferability of Restricted
Stock Award Rights</B>.&nbsp;&nbsp;&nbsp;&nbsp;Rights to acquire shares of Stock pursuant to a Restricted Stock Award shall not
be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance or garnishment
by creditors of the Participant or the Participant&rsquo;s beneficiary, except transfer by will or the laws of descent and distribution.
All rights with respect to a Restricted Stock Award granted to a Participant hereunder shall be exercisable during his or her lifetime
only by such Participant or the Participant&rsquo;s guardian or legal representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0">9. <B>Restricted Stock Unit Awards</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">Restricted Stock Unit Awards shall be evidenced
by Award Agreements in such form as the Board shall from time to time establish. Award Agreements evidencing Restricted Stock Unit
Awards may incorporate all or any of the terms of the Plan by reference and shall comply with and be subject to the following terms
and conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">9.1 <B>Restricted Stock Unit Limitations</B>.&nbsp;&nbsp;&nbsp;&nbsp;No
Participant shall be granted Restricted Stock Units covering more than a total of Two Hundred Fifty Thousand (250,000) shares of
Stock during any one Company fiscal year. Notwithstanding the foregoing, during the Company fiscal year in which a Participant
first becomes an Employee, he or she may be granted Restricted Stock Units to purchase up to a total of an additional Two Hundred
Fifty Thousand (250,000) shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">9.2 <B>Types of Restricted Stock Unit Awards
Authorized</B>.&nbsp;&nbsp;&nbsp;&nbsp;Restricted Stock Unit Awards may be granted upon such conditions as the Board shall determine,
including, without limitation, upon the attainment of one or more performance goals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">9.3 <B>Number of Shares of Stock</B>.&nbsp;&nbsp;&nbsp;&nbsp;Each
Award Agreement will specify the number of shares of Stock subject to the Award and will provide for the adjustment of such number
in accordance with Subsection 4.3 of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">9.4 <B>Purchase Price</B>.&nbsp;&nbsp;&nbsp;&nbsp;The
purchase price for shares of Stock issuable under each Restricted Stock Unit Award shall be established by the Board in its discretion.
Except as may be required by applicable law or established by the Board, no monetary payment (other than applicable tax withholding)
shall be required as a condition of receiving a Restricted Stock Unit Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">9.5 <B>Payment of Purchase Price</B>.&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise provided below, payment of the purchase price (if any) for the number of shares of Stock being purchased pursuant
to any Restricted Stock Unit Award shall be made (a)&nbsp;in cash, by check or in cash equivalent, (b)&nbsp;by such other consideration
as may be approved by the Board from time to time to the extent permitted by applicable law, or (c)&nbsp;by any combination thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">9.6 <B>Vesting and Restrictions on Transfer</B>.&nbsp;&nbsp;&nbsp;&nbsp;Shares
of Stock issued pursuant to any Restricted Stock Award may (but need not) be made subject to Vesting Conditions based upon the
satisfaction of such Service requirements, conditions, restrictions or Performance Goals, as shall be established by the Board
and set forth in the Award Agreement evidencing such Award. The Board, in its discretion, may provide in any Award Agreement evidencing
a Restricted Stock Unit Award that, if the satisfaction of Vesting Conditions with respect to any shares subject to such Restricted
Stock Unit Award would otherwise occur on a day on which the sale of such shares would violate the provisions of the Insider Trading
Policy, then satisfaction of the Vesting Conditions automatically shall be determined on the next trading day on which the sale
of such shares would not violate the Insider Trading Policy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">9.7 <B>Settlement of Restricted Stock Units</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(a) <B>Procedure; Rights as a Stockholder.</B>&nbsp;&nbsp;&nbsp;&nbsp;Any
Restricted Stock Unit Award granted hereunder will be settled according to the terms of the Plan and at such times and under such
conditions as determined by the Board and set forth in the Award Agreement. Until the Restricted Stock Unit Awards are settled
and the shares of Stock are delivered (as evidenced by the appropriate entry on the books of the Company or of a duly authorized
transfer agent of the Company), no right to vote, if applicable, or receive dividends or any other rights as a stockholder will
exist with respect to the Award. No adjustment will be made for a dividend or other right for which the record date is prior to
the date the Securities are delivered, except as provided in Subsection 4.2 of the Plan or the applicable Award Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(b) <B>Nontransferability of Restricted
Stock Unit Award Rights</B>.&nbsp;&nbsp;&nbsp;&nbsp;Rights to acquire shares of Stock pursuant to a Restricted Stock Unit Award
shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance or garnishment
by creditors of the Participant or the Participant&rsquo;s beneficiary, except transfer by will or the laws of descent and distribution.
All rights with respect to a Restricted Stock Unit Award granted to a Participant hereunder shall be exercisable during his or
her lifetime only by such Participant or the Participant&rsquo;s guardian or legal representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">9.8 <B>Cessation of Services</B>.&nbsp;&nbsp;&nbsp;&nbsp;Each
Award Agreement will specify the consequences of a Participant&rsquo;s termination of Service prior to the settlement of a Restricted
Stock Unit Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><B>10. Performance-Based Awards</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">10.1 <B>General</B>.&nbsp;&nbsp;&nbsp;&nbsp;
The granting and/or vesting of Awards and other incentives under the Plan may, in the discretion of the Committee, be made subject
to the achievement of one or more Performance Goals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">10.2 <B>Procedures</B>.&nbsp;&nbsp;&nbsp;&nbsp;The
Committee shall, in writing, (i)&nbsp;designate one or more Participants to whom an Award will be made, (ii)&nbsp;determine the
Performance Period, (iii)&nbsp;establish the Performance Goals and amounts that may be earned for the Performance Period, and (iv)&nbsp;determine
any other terms and conditions applicable to the Award(s).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">10.3 <B>Determination of Amounts Earned</B>.&nbsp;&nbsp;&nbsp;&nbsp;Following
the completion of each Performance Period, the Committee will certify in writing whether the applicable Performance Goals have
been achieved for such Performance Period. A Participant will be eligible to receive payment pursuant to an Award for a Performance
Period only if the Performance Goals for such period are achieved. The Committee will have the right to (i)&nbsp;reduce or eliminate
(but not to increase) the amount payable at a given level of performance to take into account additional factors that the Committee
may deem relevant to the assessment of individual or corporate performance for the Performance Period, (ii)&nbsp;determine what
actual Award, if any, will be paid in the event of a termination of employment as the result of a Participant&rsquo;s death or
disability or upon a Change in Control or in the event of a termination of employment following a Change in Control prior to the
end of the Performance Period, and (iii)&nbsp;determine what actual Award, if any, will be paid in the event of a termination of
employment other than as the result of a Participant&rsquo;s death or Disability prior to a Change in Control and prior to the
end of the Performance Period to the extent an actual Award would have otherwise been achieved had the Participant remained employed
through the end of the Performance Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0">11. <B>Change in Control</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">11.1 <B>Effect of Change in Control on
Awards</B><I>.</I>&nbsp;&nbsp;&nbsp;&nbsp;Subject to the requirements and limitations of Section&nbsp;409A of the Code, if applicable,
the Board may provide for any one or more of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(a) <B>Accelerated Vesting</B>.&nbsp;&nbsp;&nbsp;&nbsp;The
Board may, in its discretion, provide in any Award Agreement or, in the event of a Change in Control, may take such actions as
it deems appropriate to provide for the acceleration of the exercisability and/or vesting in connection with such Change in Control
of each or any outstanding Award or portion thereof and shares acquired pursuant thereto upon such conditions, including termination
of the Participant&rsquo;s Service prior to, upon, or following such Change in Control, to such extent as the Board shall determine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(b) <B>Assumption, Continuation or Substitution
of Awards</B>.&nbsp;&nbsp;&nbsp;&nbsp;In the event of a Change in Control, the surviving, continuing, successor, or purchasing
corporation or other business entity or parent thereof, as the case may be (the <B>&ldquo;Acquiror&rdquo;</B>), may, without the
consent of any Participant, assume or continue the Company&rsquo;s rights and obligations under each or any Award or portion thereof
outstanding immediately prior to the Change in Control or substitute for each or any such outstanding Award or portion thereof
a substantially equivalent award with respect to the Acquiror&rsquo;s stock. For purposes of this Subsection, if so determined
by the Board, in its discretion, an Award or any portion thereof shall be deemed assumed if, following the Change in Control, the
Award confers the right to receive, subject to the terms and conditions of the Plan and the applicable Award Agreement, for each
share of Stock subject to such portion of the Award immediately prior to the Change in Control, the consideration (whether stock,
cash, other securities or property or a combination thereof) to which a holder of a share of Stock on the effective date of the
Change in Control was entitled; provided, however, that if such consideration is not solely common stock of the Acquiror, the Board
may, with the consent of the Acquiror, provide for the consideration to be received upon the exercise of the Award for each share
of Stock to consist solely of common stock of the Acquiror equal in Fair Market Value to the per share consideration received by
holders of Stock pursuant to the Change in Control. If any portion of such consideration may be received by holders of Stock pursuant
to the Change in Control on a contingent or delayed basis, the Board may, in its discretion, determine such Fair Market Value per
share as of the time of the Change in Control on the basis of the Board&rsquo;s good faith estimate of the present value of the
probable future payment of such consideration. Any Award or portion thereof which is neither assumed or continued by the Acquiror
in connection with the Change in Control nor exercised as of the time of consummation of the Change in Control shall terminate
and cease to be outstanding effective as of the time of consummation of the Change in Control. Notwithstanding the foregoing, shares
acquired upon exercise of an Award prior to the Change in Control and any consideration received pursuant to the Change in Control
with respect to such shares shall continue to be subject to all applicable provisions of the Award Agreement evidencing such Award
except as otherwise provided in such Award Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 48pt">(c) <B>Cash-Out of Outstanding Awards</B><I>.</I>&nbsp;&nbsp;&nbsp;&nbsp;The
Board may, in its discretion and without the consent of any Participant, determine that, upon the occurrence of a Change in Control,
each or any Award or portion thereof outstanding immediately prior to the Change in Control shall be canceled in exchange for a
payment with respect to each vested share (and each unvested share, if so determined by the Board) of Stock subject to such canceled
Award in (i)&nbsp;cash, (ii)&nbsp;stock of the Company or of a corporation or other business entity a party to the Change in Control,
or (iii)&nbsp;other property which, in any such case, shall be in an amount having a Fair Market Value equal to the Fair Market
Value of the consideration to be paid per share of Stock in the Change in Control, reduced by the exercise or purchase price per
share, if any, under such Award. If any portion of such consideration may be received by holders of Stock pursuant to the Change
in Control on a contingent or delayed basis, the Board may, in its sole discretion, determine such Fair Market Value per share
as of the time of the Change in Control on the basis of the Board&rsquo;s good faith estimate of the present value of the probable
future payment of such consideration. In the event such determination is made by the Board, the amount of such payment (reduced
by applicable withholding taxes, if any) shall be paid to Participants in respect of the vested portions of their canceled Awards
as soon as practicable following the date of the Change in Control and in respect of the unvested portions of their canceled Awards
in accordance with the vesting schedules applicable to such Awards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0">12. <B>Tax Withholding</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">12.1 <B>Withholding Requirements</B>.&nbsp;&nbsp;&nbsp;&nbsp;Prior
to the delivery of any shares or cash pursuant to an Award (or exercise thereof), or at such earlier time as the Tax Obligations
are due, the Company shall have the power and the right to deduct or withhold, or require a Participant to remit to the Company,
an amount sufficient to satisfy all Tax Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">12.2 <B>Withholding Arrangements</B>.&nbsp;&nbsp;&nbsp;&nbsp;The
Committee, in its sole discretion and pursuant to such procedures as it may specify from time to time, may designate the method
or methods by which a Participant may satisfy such Tax Obligations. As determined by the Committee in its discretion from time
to time, these methods may include one or more of the following: (a)&nbsp;paying cash, (b)&nbsp;electing to have the Company withhold
otherwise cash or shares having a Fair Market Value equal to the amount required to be withheld, (c)&nbsp;delivering to the Company
already-owned shares having a Fair Market Value equal to the minimum amount required to be withheld or remitted, provided the delivery
of such shares will not result in any adverse accounting consequences as the Committee determines in its sole discretion, (d)&nbsp;selling
a sufficient number of shares otherwise deliverable to the Participant through such means as the Committee may determine in its
sole discretion (whether through a broker or otherwise) equal to the Tax Obligations required to be withheld, (e)&nbsp;retaining
from salary or other amounts payable to the Participant cash having a sufficient value to satisfy the Tax Obligations, or (f)&nbsp;any
other means which the Committee, in its sole discretion, determines to both comply with Applicable Laws, and to be consistent with
the purposes of the Plan. The amount of Tax Obligations will be deemed to include any amount that the Committee agrees may be withheld
at the time the election is made, not to exceed the amount determined by using the maximum federal, state or local marginal income
tax rates applicable to the Participant or the Company, as applicable, with respect to the Award on the date that the amount of
tax or social insurance liability to be withheld or remitted is to be determined. The Fair Market Value of the shares to be withheld
or delivered shall be determined as of the date that the Tax Obligations are required to be withheld.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0">13. <B>Compliance with Securities Law</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">13.1 <B>Section&nbsp;16 Persons</B>.&nbsp;&nbsp;&nbsp;&nbsp;With
respect to Section&nbsp;16 Persons, transactions under this Plan are intended to qualify for the exemption provided by Rule&nbsp;16b-3.
To the extent any provision of the Plan, Award Agreement or action by the Committee fails to so comply, it shall be deemed null
and void, to the extent permitted by law and deemed advisable or appropriate by the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">13.2 <B>Investment Representations</B>.&nbsp;&nbsp;&nbsp;&nbsp;As
a condition to the exercise of an Award, the Company may require the person exercising such Award to represent and warrant at the
time of any such exercise that the shares are being purchased only for investment and without any present intention to sell or
distribute such shares if, in the opinion of counsel for the Company, such a representation is required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">13.3 <B>Inability to Obtain Authority</B>.&nbsp;&nbsp;&nbsp;&nbsp;The
Company will not be required to issue any shares of Stock, cash or other property under the Plan unless all the following conditions
are satisfied: (a)&nbsp;the admission of the shares or other property to listing on all stock exchanges on which such class of
stock or property then is listed; (b)&nbsp;the completion of any registration or other qualification or rule compliance of the
shares under any U.S. state or federal law or under the rulings or regulations of the Securities and Exchange Commission, the stock
exchange on which shares of the same class&nbsp;are then listed, or any other governmental regulatory body, as counsel to the Company,
in its absolute discretion, deems necessary or advisable; (c)&nbsp;the obtaining of any approval or other clearance from any U.S.
federal, state or other governmental agency, which counsel to the Company, in its absolute discretion, determines to be necessary
or advisable; and (d)&nbsp;the lapse of such reasonable period of time following the Grant Date, vesting and/or exercise as the
Company may establish from time to time for reasons of administrative convenience. If the Committee determines, in its absolute
discretion, that one or more of the preceding conditions will not be satisfied, the Company automatically will be relieved of any
liability with respect to the failure to issue the shares, cash or other property as to which such requisite authority will not
have been obtained.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0">14. <B>Amendment or Termination of Plan</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">The Board may amend, suspend or terminate
the Plan at any time. However, without the approval of the Company&rsquo;s stockholders, there shall be (a)&nbsp;no increase in
the maximum aggregate number of shares of Stock that may be issued under the Plan (except by operation of the provisions of Subsection
4.3), (b)&nbsp;no change in the class of persons eligible to receive Incentive Stock Options, and (c)&nbsp;no other amendment of
the Plan that would require approval of the Company&rsquo;s stockholders under any applicable law, regulation or rule, including
the rules of any stock exchange or market system upon which the Stock may then be listed. No amendment, suspension or termination
of the Plan shall affect any then outstanding Award unless expressly provided by the Board. Except as provided by the next sentence,
no amendment, suspension or termination of the Plan may adversely affect any then outstanding Award without the consent of the
Participant. Notwithstanding any other provision of the Plan or any Award Agreement to the contrary, the Board may, in its sole
and absolute discretion and without the consent of any Participant, amend the Plan or any Award Agreement, to take effect retroactively
or otherwise, as it deems necessary or advisable for the purpose of conforming the Plan or such Award Agreement to any present
or future law, regulation or rule applicable to the Plan, including, but not limited to, Section&nbsp;409A of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0">15. <B>Miscellaneous Provisions</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">15.1 <B>Indemnification</B>.&nbsp;&nbsp;&nbsp;&nbsp;Each
person who is or shall have been a member of the Committee, or of the Board, shall be indemnified and held harmless by the Company
against and from (a)&nbsp;any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by him or her in
connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she
may be involved by reason of any action taken or failure to act under the Plan or any Award Agreement, and (b)&nbsp;from any and
all amounts paid by him or her in settlement thereof, with the Company&rsquo;s approval, or paid by him or her in satisfaction
of any judgment in any such claim, action, suit, or proceeding against him or her, provided he or she shall give the Company an
opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her
own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such
persons may be entitled under the Company&rsquo;s Certificate of Incorporation or Bylaws, by contract, as a matter of law, or otherwise,
or under any power that the Company may have to indemnify them or hold them harmless.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">15.2 <B>Successors</B>.&nbsp;&nbsp;&nbsp;&nbsp;All
obligations of the Company under the Plan, with respect to Awards granted hereunder, shall be binding on any successor to the Company,
whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of
all or substantially all of the business or assets of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">15.3 <B>Rights as Employee, Consultant
or Director</B>.&nbsp;&nbsp;&nbsp;&nbsp;No person, even though eligible pursuant to Section&nbsp;5, shall have a right to be selected
as a Participant, or, having been so selected, to be selected again as a Participant. Nothing in the Plan or any Award granted
under the Plan shall confer on any Participant a right to remain an Employee, Consultant or Director or interfere with or limit
in any way any right of a Participating Company to terminate the Participant&rsquo;s Service at any time. To the extent that an
Employee of a Participating Company other than the Company receives an Award under the Plan, that Award shall in no event be understood
or interpreted to mean that the Company is the Employee&rsquo;s employer or that the Employee has an employment relationship with
the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">15.4 <B>Rights as a Stockholder</B>.&nbsp;&nbsp;&nbsp;&nbsp;A
Participant shall have no rights as a stockholder with respect to any shares covered by an Award until the date of the issuance
of such shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the
Company). No adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date
such shares are issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">15.5 <B>Delivery of Title to Shares of
Stock</B>.&nbsp;&nbsp;&nbsp;&nbsp;Subject to any governing rules or regulations, the Company shall issue or cause to be issued
the shares of Stock acquired pursuant to an Award and shall deliver such shares to or for the benefit of the Participant by means
of one or more of the following: (a)&nbsp;by delivering to the Participant evidence of book entry shares of Stock credited to the
account of the Participant, (b)&nbsp;by depositing such shares of Stock for the benefit of the Participant with any broker with
which the Participant has an account relationship, or (c)&nbsp;by delivering such shares of Stock to the Participant in certificate
form.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">15.6 <B>Clawback Provision for Participants</B>.<B>&nbsp;&nbsp;&nbsp;&nbsp;</B>If
the Board determines that the Participant engaged in an act of embezzlement, fraud, or breach of fiduciary duty during the Participant&rsquo;s
Service that contributed to Company being obligated to restate its financial statements, Participant may be required to repay the
proceeds from the sale or other disposition of shares of Stock issued or issuable upon exercise of an Option or SAR, or upon vesting
of restricted stock or an RSU, if the sale or disposition was effected during the 36-month period following the first public issuance
or filing with the SEC of the financial statements required to be restated. The term &ldquo;option proceeds&rdquo; means, with
respect to any sale or other disposition of shares issued or issuable upon exercise of an Option or SAR, the amount determined
appropriate by the Board to reflect the effect of the restatement on the Company&rsquo;s Stock price, up to the amount equal to
the number of shares of Stock sold or disposed of, multiplied by the difference between the market value per share of the Company&rsquo;s
Stock at the time of such sale or disposition and the exercise price. The term &ldquo;restricted stock proceeds&rdquo; means, with
respect to any sale or other disposition of shares issued or issuable upon vesting of restricted stock or an RSU, the amount determined
appropriate by the Board to reflect the effect of the restatement on the Company&rsquo;s Stock price, up to the amount equal to
the market value per share of the Company&rsquo;s Stock at the time of such sale or other disposition, multiplied by the number
of shares or units sold or disposed of.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">15.7 <B>Fractional Shares</B>.&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall not be required to issue fractional shares upon the exercise or settlement of any Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">15.8 <B>Retirement and Welfare Plans</B>.&nbsp;&nbsp;&nbsp;&nbsp;Neither
Awards made under this Plan nor shares of Stock or cash paid pursuant to such Awards shall be included as &ldquo;compensation&rdquo;
for purposes of computing the benefits payable to any Participant under any Participating Company&rsquo;s retirement plans (both
qualified and non-qualified) or welfare benefit plans unless such other plan expressly provides that such compensation shall be
taken into account in computing such benefits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">15.9 <B>Section&nbsp;409A of the Code</B>.&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
other provisions of the Plan or any Award Agreements hereunder, no Award shall be granted, deferred, accelerated, extended, paid
out or modified under this Plan in a manner that would result in the imposition of an additional tax under Section&nbsp;409A of
the Code upon a Participant. In the event that it is reasonably determined by the Board or, if delegated by the Board to the Committee,
by the Committee that, as a result of Section&nbsp;409A of the Code, payments in respect of any Award under the Plan may not be
made at the time contemplated by the terms of the Plan or the relevant Award Agreement, as the case may be, without causing the
Participant holding such Award to be subject to taxation under Section&nbsp;409A of the Code, including as a result of the fact
that the Participant is a &ldquo;specified employee&rdquo; under Section&nbsp;409A of the Code, the Company will make such payment
on the first day that would not result in the Participant incurring any tax liability under Section&nbsp;409A of the Code. The
Company shall use commercially reasonable efforts to implement the provisions of this Subsection in good faith; provided that neither
the Company, the Board nor any of the Company&rsquo;s employees, directors or representatives shall have any liability to Participants
with respect to this Subsection.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">15.10 <B>Severability</B>.&nbsp;&nbsp;&nbsp;&nbsp;If
any one or more of the provisions (or any part thereof) of this Plan shall be held invalid, illegal or unenforceable in any respect,
such provision shall be modified so as to make it valid, legal and enforceable, and the validity, legality and enforceability of
the remaining provisions (or any part thereof) of the Plan shall not in any way be affected or impaired thereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">15.11 <B>No Constraint on Corporate Action</B>.&nbsp;&nbsp;&nbsp;&nbsp;Nothing
in this Plan shall be construed to: (a)&nbsp;limit, impair, or otherwise affect the Company&rsquo;s or another Participating Company&rsquo;s
right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to
merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; or (b)&nbsp;limit the
right or power of the Company or another Participating Company to take any action which such entity deems to be necessary or appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">15.12 <B>Choice of Law</B>.&nbsp;&nbsp;&nbsp;&nbsp;Except
to the extent governed by applicable federal law, the validity, interpretation, construction and performance of the Plan and each
Award Agreement shall be governed by the laws of the State of Delaware, without regard to its conflict of law rules.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">15.13 <B>Stockholder Approval</B>.&nbsp;&nbsp;&nbsp;&nbsp;The
Plan or any increase in the maximum aggregate number of shares of Stock issuable thereunder as provided in Subsection 4 (the &ldquo;Authorized
Shares<I>&rdquo;</I>) shall be approved by a majority of the outstanding securities of the Company entitled to vote by the later
of (a)&nbsp;a period beginning twelve (12) months before and ending twelve (12) months after the date of adoption thereof by the
Board. Awards granted prior to security holder approval of the Plan or in excess of the Authorized Shares previously approved by
the security holders shall become exercisable no earlier than the date of security holder approval of the Plan or such increase
in the Authorized Shares, as the case may be, and such Awards shall be rescinded if such security holder approval is not received
in the manner described in the preceding sentence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt"></P>

<!-- Field: Page; Sequence: 15 -->
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 24pt">15.14 <B>Data Privacy</B>.&nbsp;&nbsp;&nbsp;&nbsp;As
a condition of receipt of any Award, each Participant explicitly and unambiguously consents to the collection, use and transfer,
in electronic or other form, of personal data as described in this Subsection 15.14 by and among, as applicable, the Company and
its Subsidiaries for the exclusive purpose of implementing, administering and managing the Participant&rsquo;s participation in
the Plan. The Company and its Subsidiaries may hold certain personal information about a Participant, including but not limited
to, the Participant&rsquo;s name, home address and telephone number, date of birth, social security or insurance number or other
identification number, salary, nationality, job title(s), any shares of stock held in the Company or any of its Subsidiaries, details
of all Awards, in each case, for the purpose of implementing, managing and administering the Plan and Awards (the &ldquo;Data&rdquo;).
The Company and its Subsidiaries may transfer the Data amongst themselves as necessary for the purpose of implementation, administration
and management of a Participant&rsquo;s participation in the Plan, and the Company and its Subsidiaries may each further transfer
the Data to any third parties assisting the Company and its Subsidiaries in the implementation, administration and management of
the Plan. These recipients may be located in the Participant&rsquo;s country, or elsewhere, and the Participant&rsquo;s country
may have different data privacy laws and protections than the recipients&rsquo; country. Through acceptance of an Award, each Participant
authorizes such recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes
of implementing, administering and managing the Participant&rsquo;s participation in the Plan, including any requisite transfer
of such Data as may be required to a broker or other third party with whom the Company or any of its Subsidiaries or the Participant
may elect to deposit any Shares. The Data related to a Participant will be held only as long as is necessary to implement, administer,
and manage the Participant&rsquo;s participation in the Plan. A Participant may, at any time, view the Data held by the Company
with respect to such Participant, request additional information about the storage and processing of the Data with respect to such
Participant, recommend any necessary corrections to the Data with respect to the Participant or refuse or withdraw the consents
herein in writing, in any case without cost, by contacting his or her local human resources representative. The Company may cancel
the Participant&rsquo;s ability to participate in the Plan and, in the Committee&rsquo;s discretion, the Participant may forfeit
any outstanding Awards if the Participant refuses or withdraws his or her consents as described herein. For more information on
the consequences of refusal to consent or withdrawal of consent, Participants may contact their local human resources representative.</P>

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

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

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
