<SEC-DOCUMENT>0001178913-20-002737.txt : 20201001
<SEC-HEADER>0001178913-20-002737.hdr.sgml : 20201001
<ACCEPTANCE-DATETIME>20201001060259
ACCESSION NUMBER:		0001178913-20-002737
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20201001
DATE AS OF CHANGE:		20201001
EFFECTIVENESS DATE:		20201001

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NICE Ltd.
		CENTRAL INDEX KEY:			0001003935
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-249186
		FILM NUMBER:		201214175

	BUSINESS ADDRESS:	
		STREET 1:		13 ZARCHIN STREET
		STREET 2:		P.O.B. 690
		CITY:			RA'ANANA
		STATE:			L3
		ZIP:			43107
		BUSINESS PHONE:		972-9-775-3777

	MAIL ADDRESS:	
		STREET 1:		13 ZARCHIN STREET
		STREET 2:		P.O.B. 690
		CITY:			RA'ANANA
		STATE:			L3
		ZIP:			43107

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NICE SYSTEMS LTD
		DATE OF NAME CHANGE:	19951122
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>zk2024950.htm
<DESCRIPTION>S-8
<TEXT>
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      <div style="text-align: center; line-height: 1.25;">As filed with the Securities and Exchange Commission on October 1, 2020</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: right; line-height: 1.25;">Registration No. 333-______________</div>
      <div style="text-align: right; line-height: 1.25;">
        <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">WASHINGTON, D.C. 20549</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">__________________</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">FORM S-8</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">REGISTRATION STATEMENT</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">UNDER</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">THE SECURITIES ACT OF 1933</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">________________</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">NICE LTD.</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(Exact Name of Registrant as Specified in Its Charter)</div>
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                <div>&#160;</div>
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              <td style="width: 27%; text-align: center; vertical-align: bottom;">
                <div><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-weight: bold;">N/A</font></font></div>
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            <tr>
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              <td style="width: 27%; text-align: center; vertical-align: bottom;">
                <div>(State or Other Jurisdiction of Incorporation)</div>
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              <td style="width: 2%; text-align: center; vertical-align: bottom;">
                <div>&#160;</div>
              </td>
              <td style="width: 27%; text-align: center; vertical-align: bottom;">
                <div>(I.R.S. Employer Identification Number)</div>
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              <td style="width: 22%;" colspan="1">&#160;</td>
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      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">13 Zarchin Street<br>
        P.O. Box 690<br>
        Ra&#8217;anana, 4310602</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Israel </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;(Address of Principal Executive Offices) (Zip Code)</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">GUARDIAN ANALYTICS, INC. 2006 STOCK PLAN</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(Full Title of the Plan)</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">NICE-Systems Inc.<br>
        221 River Street, 10th-11th Floors</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Hoboken, New Jersey 07030 USA </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">United States</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;(Name and Address of Agent for Service)</div>
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      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">(201) 549-1762 </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(Telephone Number, Including Area Code, of Agent for Service)</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Copies to:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Adam M. Klein, Adv.<br>
        Goldfarb Seligman&#160;&amp; Co.<br>
        98 Yigal Alon Street<br>
        Tel Aviv 6789141 Israel<br>
        +972-3-608-9999</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated
        filer&#8221; and &#8220;smaller reporting company&#8221; in Rule 12b-2 of the Exchange Act. (Check one):</div>
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                <div>&#160;Large accelerated filer</div>
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              <td style="width: 9%;">
                <div>&#160;&#9746;</div>
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              <td style="width: 2%;">
                <div>&#160;</div>
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                <div>&#160;<font style="font-family: 'Times New Roman',Times,serif;">Accelerated filer</font></div>
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              <td style="width: 9%;">
                <div>&#160;&#9744;</div>
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              <td style="width: 20%;">
                <div>&#160;</div>
              </td>
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                <div>&#160;Non-accelerated filer</div>
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              <td style="width: 9%;">
                <div>&#160;&#9744;</div>
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              <td style="width: 2%;">
                <div>&#160;</div>
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                <div>&#160;<font style="font-family: 'Times New Roman',Times,serif;">Smaller reporting company</font></div>
              </td>
              <td style="width: 9%;">
                <div>&#160;&#9744;</div>
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              <td style="width: 20%;">
                <div>&#160;</div>
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      <div style="text-align: center; line-height: 1.25; font-weight: bold;">CALCULATION OF REGISTRATION FEE</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
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              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="line-height: 1.25; font-weight: bold;">Title of Securities</div>
              <div style="line-height: 1.25; font-weight: bold;">To Be Registered</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="line-height: 1.25; font-weight: bold;">Amount To</div>
              <div style="line-height: 1.25; font-weight: bold;">Be Registered (2)</div>
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            <td style="width: 22.4%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="line-height: 1.25; font-weight: bold;">Proposed Maximum</div>
              <div style="line-height: 1.25; font-weight: bold;">Offering Price Per Share</div>
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            <td style="width: 21.38%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="line-height: 1.25; font-weight: bold;">Proposed Maximum </div>
              <div style="line-height: 1.25; font-weight: bold;">Aggregate Offering Price</div>
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              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="line-height: 1.25; font-weight: bold;">Amount of</div>
              <div style="line-height: 1.25; font-weight: bold;">Registration Fee</div>
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              <div style="line-height: 1.25;">Ordinary Shares, par value NIS 1.00 per share (1)</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">2,329 (3)</div>
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            <td style="width: 22.4%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">$<font style="font-family: 'Times New Roman',Times,serif;">20.44</font>(4)</div>
            </td>
            <td style="width: 21.38%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">$47,604.76</div>
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            <td style="width: 17.31%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">$6.18</div>
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          </tr>
          <tr>
            <td style="width: 19.55%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">Ordinary Shares, par value NIS 1.00 per share (1)</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">1,474 (3)</div>
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            <td style="width: 22.4%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">$<font style="font-family: 'Times New Roman',Times,serif;">24.99(</font>4)</div>
            </td>
            <td style="width: 21.38%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">$36,835.26</div>
            </td>
            <td style="width: 17.31%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">$4.78</div>
            </td>
          </tr>
          <tr>
            <td style="width: 19.55%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">Ordinary Shares, par value NIS 1.00 per share (1)</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">2,020 (3)</div>
            </td>
            <td style="width: 22.4%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">$<font style="font-family: 'Times New Roman',Times,serif;">54.51</font>(4)</div>
            </td>
            <td style="width: 21.38%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">$110,110.20</div>
            </td>
            <td style="width: 17.31%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">$14.29</div>
            </td>
          </tr>
          <tr>
            <td style="width: 19.55%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">TOTAL:</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">5,823</div>
            </td>
            <td style="width: 22.4%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">$<font style="font-family: 'Times New Roman',Times,serif;">33.41(5)</font></div>
            </td>
            <td style="width: 21.38%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">$194,550.02</div>
            </td>
            <td style="width: 17.31%; vertical-align: bottom; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">$<font style="font-family: 'Times New Roman',Times,serif;">25.25</font></div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">(1)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">American Depositary Shares (&#8220;<u>ADSs</u>&#8221;), evidenced by American Depositary Receipts (&#8220;<u>ADRs</u>&#8221;), issuable upon deposit of Ordinary Shares, par value NIS 1.00 per share, of NICE
                Ltd. (the &#8220;Company&#8221;) are registered on a separate registration statement.&#160; Each ADS represents one Ordinary Share.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zd8885b8c9e2a4912aef5db7faf8cde58" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">(2)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the &#8220;<u>Securities Act</u>&#8221;), this Registration Statement also covers such indeterminate number of Ordinary Shares
                as may be offered or issued to prevent dilution resulting from stock splits, stock dividends, or similar transactions pursuant to the terms of the Guardian Analytics, Inc. 2006 Stock Plan (the &#8220;2006 Plan&#8221;).</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z3bbd7ef1f27a4de78baf3215bec205e5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">(3)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">Represents Ordinary Shares subject to issuance upon the exercise of stock options outstanding under the 2006 Plan and assumed by the Registrant pursuant to the Agreement (as defined
                below).</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z318fb5fbba7d45619a3fb37c284793c4" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 35.45pt; vertical-align: top; align: right;">(4)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">Represents the exercise price of assumed stock options, as adjusted for the merger ratio pursuant to the Agreement.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="ze09fec727b254e5aae489f5ff9df8f1e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 35.45pt; vertical-align: top; align: right;">(5)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">Represents the weighted average exercise price of the foregoing stock options.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">EXPLANATORY NOTE</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">This Registration Statement on Form S-8 is filed by NICE Ltd. (the &#8220;<font style="font-family: 'Times New Roman',Times,serif;"><u>Registrant</u></font>&#8221;) and relates to 5,823 ordinary shares, par value NIS 1.00 per
        share (the &#8220;<font style="font-family: 'Times New Roman',Times,serif;"><u>Ordinary Shares</u></font>&#8221;), issuable to participants in the 2006 Plan. Pursuant to an Agreement and Plan of Merger dated as of June 3, 2020, by and among NICE Systems, Inc.,
        a wholly owned subsidiary of the Registrant, NICE TUBE, Inc., a wholly owned subsidiary of NICE Systems, Inc., Guardian Analytics, Inc. ("Guardian") and Fortis Advisors LLC (the "Agreement"), the options originally granted under&#160;the 2006 Plan to <font style="font-family: 'Times New Roman',Times,serif;">officers and employees of Guardian and its subsidiaries</font> were assumed and converted by the Registrant into options to purchase&#160;Ordinary Shares of the Registrant.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%2%%%-->
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">PART II</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z1cc3d1e8e3a6497e91015fa07a5bfece" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 49.65pt; vertical-align: top; align: right; font-weight: bold;">ITEM 3.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">INCORPORATION OF DOCUMENTS BY REFERENCE.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">The Securities and Exchange Commission (the &#8220;<font style="font-family: 'Times New Roman',Times,serif;"><u>Commission</u></font>&#8221;) allows us to &#8220;incorporate by reference&#8221; information into this
        prospectus. This means that we can disclose important information to you by referring you to another document filed by us with the Commission. Any information referenced this way is considered part of this prospectus, and any information that we
        file after the date of this prospectus with the Commission will automatically update and supersede this information. We incorporate by reference into this prospectus the following documents:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="z59d4073a07ae406d8d70c68738193b29">

            <tr>
              <td style="width: 3%;">
                <div>(i)</div>
              </td>
              <td style="width: 97%;">
                <div>
                  <div style="font-family: 'Times New Roman',Times,serif;">our Annual Report on Form 20-F for the fiscal year ended December 31, 2019, filed with the Commission on April 6, 2020;</div>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%;">
                <div>(ii)</div>
              </td>
              <td style="width: 97%;">
                <div>
                  <div style="font-family: 'Times New Roman',Times,serif;">our Form F-6 Amendment filed with the Commission on April 29, 2020;</div>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%;">
                <div>(iii)</div>
              </td>
              <td style="width: 97%;">
                <div>
                  <div style="font-family: 'Times New Roman',Times,serif;">the GAAP financial information contained in Exhibit 99.1 to our report on Form 6-K filed with the Commission on May 14, 2020;</div>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%;">
                <div>(iv)</div>
              </td>
              <td style="width: 97%;">
                <div>
                  <div style="font-family: 'Times New Roman',Times,serif;">the GAAP financial information contained in Exhibit 99.1 to our first report on Form 6-K filed with the Commission on August 6, 2020;</div>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%;">
                <div>(v)</div>
              </td>
              <td style="width: 97%;">
                <div>
                  <div style="font-family: 'Times New Roman',Times,serif;">our report on Form 6-K filed with the Commission on August 18, 2020;</div>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%;">
                <div>(vi)</div>
              </td>
              <td style="width: 97%;">
                <div>
                  <div style="font-family: 'Times New Roman',Times,serif;">the interim financial statements as of June 30, 2020, contained in Exhibit 99.2 to our report on Form 6-K filed with the Commission on August 24, 2020</div>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%;" rowspan="1">(vii)</td>
              <td style="width: 97%;" rowspan="1">
                <div style="font-family: 'Times New Roman',Times,serif;">our report on Form 6-K filed with the Commission August 25, 2020;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%;" rowspan="1">(viii)</td>
              <td style="width: 97%;" rowspan="1">
                <div style="font-family: 'Times New Roman',Times,serif;">our report on Form 6-K filed with the Commission September 10, 2020; and</div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%; text-align: left; vertical-align: top;" rowspan="1">(ix)</td>
              <td style="width: 97%;" rowspan="1">
                <div style="font-family: 'Times New Roman',Times,serif;">The descriptions of our ADSs, ADRs and our Ordinary Shares contained in our Registration Statement on Form F-3 filed with the Commission on September 18, 2007, as updated by Exhibit
                  2.3 of our Annual Report on Form 20-F for the fiscal year ended December 31, 2019, filed with the Commission on April 6, 2020 and including any subsequent amendment or report filed for the purpose of updating such description.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-indent: 36pt; line-height: 1.25;">In addition, any future filings made by us with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the &#8220;<font style="font-family: 'Times New Roman',Times,serif;"><u>Exchange Act</u></font>&#8221;), after the date of this prospectus and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities
        then remaining unsold, and any future reports on Form 6-K submitted by us to the Commission during such period (or portions thereof) that are identified in such forms as being incorporated into this Registration Statement, shall be considered to be
        incorporated in this Registration Statement by reference, shall be considered a part of this Registration Statement from the date of filing or submission of such documents and shall update and supersede the information in this Registration
        Statement.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-indent: -49.65pt; margin-left: 49.65pt; line-height: 1.25; font-weight: bold;">ITEM 4.&#160; DESCRIPTION OF SECURITIES</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">Not applicable.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-weight: bold;">ITEM 5.&#160; INTERESTS OF NAMED EXPERTS AND COUNSEL</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">Not Applicable.</font></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
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          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25; font-weight: bold;">ITEM 6.&#160; INDEMNIFICATION OF DIRECTORS AND OFFICERS</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25; font-style: italic;">Exemption of Office Holders</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-indent: 36pt; line-height: 1.25;">Under the Companies Law, an Israeli company may not exempt an office holder from liability for breach of his duty of loyalty, but may exempt in advance an office holder from liability to the
          company, in whole or in part, for a breach of his duty of care (except in connection with distributions)<font style="font-family: 'Times New Roman',Times,serif;">, provided the articles of association of the company allow it to do so.&#160; Our
            articles</font><font style="font-family: 'Times New Roman',Times,serif;"> of association</font><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">do not
            allow us to do so.</font></div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25; font-style: italic;">Office Holder Insurance</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <div style="text-indent: 36pt; line-height: 1.25;">Our articles of association provide that, subject to the provisions of the Companies Law, including the receipt of all approvals as required therein or under any applicable law, we may enter into
          an agreement to insure an office holder for any responsibility or liability that may be imposed on such office holder in connection with an act performed by such office holder in such office holder's capacity as an office holder of us&#160; with
          respect to each of the following:</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
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            <tr>
              <td style="width: 35.45pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">a violation of his duty of care to us or to another person,</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" id="z2773875f98cb496db4a44e71ff38d611" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 35.45pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">a breach of his duty of loyalty to us, provided that the office holder acted in good faith and had reasonable grounds to assume that his act would not prejudice our interests,</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" id="zf01d40f51d6b41508209ba7a6225cbc0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 35.45pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">a financial obligation imposed upon him for the benefit of another person,</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" id="z042c046329b24f0aa084e5189b5d2d45" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 35.45pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">a payment which the office holder is obligated to make to an injured party as set forth in Section 52(54)(a)(1)(a) of the Israeli Securities Law, 5728-1968, as amended (the
                  "Securities Law") and Litigation Expenses that the office holder incurred in connection with a proceeding under Chapters H'3, H'4 or I'1 of the Securities Law, and</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" id="z1b7ee7afa7ff416fb114851d9bd22c53" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 35.45pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">any other event, occurrence or circumstance in respect of which we may lawfully insure an office holder.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25; font-style: italic;">Indemnification of Office Holders</div>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">
        <div style="text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Our articles of association provide that, subject to the provisions of the Companies Law, including the receipt of all approvals as required therein or
          under any applicable law we may indemnify an office holder with respect to any liability or expense for which indemnification may be provided under the Companies Law, including the following liabilities and expenses, provided that such
          liabilities or expenses were imposed upon or incurred by such office holder in such office holder's capacity as an office holder of us:</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" id="z536403e34ba44f8580c2128187bfdab6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 35.45pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">a monetary liability imposed on or incurred by an office holder pursuant to a judgment in favor of another person, including a judgment imposed on such office holder in a settlement
                  or in an arbitration decision that was approved by a court of law;</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" id="z2c2e9b9001034fccbc818a449e7e9a51" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 35.45pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">reasonable Litigation Expenses, expended by the office holder as a result of an investigation or proceeding instituted against him by a competent authority, provided that such
                  investigation or proceeding concluded without the filing of an indictment against him and either (A) concluded without the imposition of any financial liability in lieu of criminal proceedings or (B) concluded with the imposition of a
                  financial liability in lieu of criminal proceedings but relates to a criminal offense that does not require proof of criminal intent (mens rea) or in connection with a financial sanction;</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">
        <div style="margin-left: 56.7pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#8220;conclusion of a proceeding without filing an indictment&#8221; in a matter in which a criminal investigation has been instigated and &#8220;financial liability in
          lieu of a criminal proceeding,&#8221; shall have the meaning as ascribed under the Companies Law. The term &#8220;Litigation Expenses&#8221; shall include, without limitation, attorneys&#8217; fees and all other costs, expenses and obligations paid or incurred by an
          office holder in connection with investigating, defending, being a witness or participating in (including on appeal), or preparing to defend, be a witness or participate in any claim or proceeding relating to any matter for which indemnification
          may be provided;</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
          <div style="page-break-after: always;" id="DSPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" id="zd2420ccdf51e4ff3abca3f9c0e136488" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 35.45pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">reasonable Litigation Expenses, which the Office Holder incurred or with which the Office Holder was charged by a court of law, in a proceeding brought against the Office Holder, by
                  the Company, on its behalf or by another person, or in a criminal prosecution in which the Office Holder was acquitted, or in a criminal prosecution in which the Office Holder was convicted of an offense that does not require proof of
                  criminal intent (mens rea);</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" id="zd5fa6ba58e9b49e58d8d0572954e3343" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 35.45pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">a payment which the office holder is obligated to make to an injured party as set forth in Section 52(54)(a)(1)(a) of the Securities Law, and Litigation Expenses that the office
                  holder incurred in connection with a proceeding under Chapters H'3, H'4 or I'1 of the Securities Law; and</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" id="z89d3dc800a054adeb28180976da06a8e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 35.45pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">any other event, occurrence or circumstance in respect of which we may lawfully indemnify an office holder.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="text-indent: 36pt; line-height: 1.25;">The foregoing indemnification may be procured by us (a) retroactively and (b) as a commitment in advance to indemnify an office holder, provided that, in respect of the first bullet above, such
        commitment shall be limited to (A) such events that in the opinion of the Board of Directors are foreseeable in light of our actual operations at the time the undertaking to indemnify is provided, and (B) to the amounts or criterion that the Board
        of Directors deems reasonable under the circumstances, and further provided that such events and amounts or criterion are set forth in the undertaking to indemnify, and which shall in no event exceed, in the aggregate, the greater of: (i) twenty
        five percent (25%) of our shareholder&#8217;s equity at the time of the indemnification, or (ii) twenty five percent (25%) of our shareholder&#8217;s equity at the end of fiscal year of 2010.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-indent: 36pt; line-height: 1.25;">We have undertaken to indemnify our directors and officers pursuant to applicable law. We have obtained directors' and officers' liability insurance for the benefit of our directors and officers.</div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25; font-style: italic;">Limitations on Exemption, Insurance and Indemnification</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <div style="text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The Companies Law provides that a company may not exempt or indemnify an office holder, or enter into an insurance contract, which would provide coverage
          for any monetary liability incurred as a result of any of the following:</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" id="z3be4e24f970f4e028557f98065931890" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 35.45pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">a breach by the office holder of his duty of loyalty unless, with respect to insurance coverage or indemnification, the office holder acted in good faith and had a reasonable basis to
                  believe that the act would not prejudice the company;</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" id="zf0ea70f80dce4f9899d692459898271f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 35.45pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">a breach by the office holder of his duty of care if the breach was done intentionally or recklessly (other than if solely done in negligence);</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" id="z475e32307db745aa8a5314d359265630" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 35.45pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">any act or omission done with the intent to derive an illegal personal benefit; or</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" id="z965b3c7c3b564804a581e6a28a62d895" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 35.45pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">a fine, civil fine or ransom levied on an Office Holder, or a financial sanction imposed upon an Office Holder under Israeli Law.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
          <div style="page-break-after: always;" id="DSPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25; font-style: italic;">Required Approvals</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-indent: 36pt; line-height: 1.25;">In addition, under the Companies Law, any exemption of, indemnification of, or procurement of insurance coverage for, our office holders is subject to certain corporate approvals.&#160; We have obtained
          such approvals for the procurement of liability insurance covering our officers and directors and for the grant of indemnification letters to our officers and directors.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25; font-weight: bold;">ITEM 7.&#160; EXEMPTION FROM REGISTRATION CLAIMED</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">Not Applicable.</font></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-weight: bold;">ITEM 8.&#160; EXHIBITS</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-indent: 36pt; line-height: 1.25;">The following exhibits are filed with or incorporated by reference into this Registration Statement (numbering corresponds to Exhibit Table in Item 601 of Regulation S-K):</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="zf6a77675254540ad986e56a84be9b0ec" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 29.4pt;"><br>
            </td>
            <td style="width: 29.1pt; vertical-align: top; align: right;">4.1</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">Amended and Restated Memorandum of Association of NICE Ltd., as amended through May 17, 2016 (previously filed as Exhibit 4.2 to, and incorporated by reference from, NICE&#8217;s Registration
                Statement on Form S-8 (Registration No. 333-214584) filed with the Commission on November 14, 2016).</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z5b4a3908e9c64201837748c6a9a87935" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 29.4pt;"><br>
            </td>
            <td style="width: 29.1pt; vertical-align: top; align: right;">4.2</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">Amended and Restated Articles of Association of NICE Ltd., as amended through May 17, 2016 (previously filed as Exhibit 4.1 to, and incorporated by reference from, NICE&#8217;s Registration
                Statement on Form S-8 (Registration No. 333-214584) filed with the Commission on November 14, 2016).</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z33242b14e0834f8d8db754348e0791b6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 29.4pt;"><br>
            </td>
            <td style="width: 29.1pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">4.3</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">Form of Share Certificate (previously filed as Exhibit 4.1 to, and incorporated by reference from, NICE&#8217;s Amendment No. 1 to Registration Statement on Form F-1 (Registration No.
                333-99640) filed with the Commission on December 29, 1995).</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="zd93573a32cd54dacb506fed8d56c3f50" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 29.4pt;"><br>
            </td>
            <td style="width: 29.1pt; vertical-align: top; align: right;">4.4</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">Guardian Analytics, Inc. 2006 Stock Plan.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z861a3d57224343dab44646d1574a97f2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 29.4pt;"><br>
            </td>
            <td style="width: 29.1pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">5.1</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">Opinion of Goldfarb Seligman &amp; Co.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-indent: -29.1pt; margin-left: 58.5pt; line-height: 1.25;">23.1&#160; &#160; Consent of Kost, Forer, Gabbay &amp; Kasierer, a member of EY Global.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-indent: -29.1pt; margin-left: 58.5pt; line-height: 1.25;">23.2&#160; &#160; Consent of Goldfarb Seligman &amp; Co.<font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</font>(included in Exhibit 5.1).</div>
      <div style="text-indent: -29.1pt; margin-left: 58.5pt; line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-indent: -29.1pt; margin-left: 58.5pt; line-height: 1.25;">24 .1&#160;&#160; Power of Attorney (included in signature page of this Registration Statement).</div>
      <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
      </div>
      <div style="line-height: 1.25; font-weight: bold;">ITEM 9.&#160; UNDERTAKINGS</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">The undersigned Registrant hereby undertakes:</font></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z155739ebd7984dbdaf79d8ad064e4690" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 35.45pt;"><br>
            </td>
            <td style="width: 21.25pt; vertical-align: top; align: right;">(1)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="ze4f218dd74774c4e853518ddfea6b4da" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 56.7pt;"><br>
            </td>
            <td style="width: 21.3pt; vertical-align: top; align: right;">(i)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">To include any prospectus required by Section 10(a)(3) of the Securities Act;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-indent: -21.3pt; margin-left: 78pt; line-height: 1.25;">(ii)&#160;&#160; To reflect in the prospectus any facts or events arising after the effective date of this 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 this Registration Statement.&#160; 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 20 percent change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective Registration Statement; and</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-indent: -21.3pt; margin-left: 78pt; line-height: 1.25;">(iii)&#160; To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such
        information in this Registration Statement;</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="margin-left: 56.7pt; line-height: 1.25;">provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the registration information is on Form S-8 and 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 the
        Registration Statement.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-indent: -21.25pt; margin-left: 56.7pt; line-height: 1.25;">(2)&#160; &#160; That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement
        relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-indent: -21.25pt; margin-left: 56.7pt; line-height: 1.25;">(3)&#160; &#160; 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.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z327e79a57fd94d09874090468b82698e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 35.45pt; vertical-align: top; align: right;">(b)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant'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'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.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z9fa278f5576c42bda5b72a38b9bdc4c6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 35.45pt; vertical-align: top; align: right;">(c)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">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.</div>
            </td>
          </tr>

      </table>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">SIGNATURES</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-indent: 36pt; line-height: 1.25;">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&#160;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 Hoboken, State of New Jersey, on the 1 day of October, 2020.</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;">
          <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" id="z51b47a00d5d04827a5ff772e7542f0f7">

              <tr>
                <td style="width: 50%; vertical-align: top;">&#160;</td>
                <td colspan="2" style="vertical-align: top;">
                  <div style="text-align: left; line-height: 1.25; font-weight: bold;">NICE LTD.</div>
                  &#160;</td>
                <td style="width: 15%; vertical-align: top;">&#160;</td>
                <td style="width: 17%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 3%; vertical-align: top;">
                  <div style="text-align: left; line-height: 1.25;">By:</div>
                </td>
                <td style="width: 15%; vertical-align: top; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;">
                  <div style="text-align: left; line-height: 1.25;">/s/ Barak Eilam</div>
                </td>
                <td style="width: 15%; vertical-align: top; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;">
                  <div style="text-align: left; line-height: 1.25;">/s/ Beth Gaspich</div>
                </td>
                <td style="width: 17%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="width: 3%; vertical-align: top;">&#160;</td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: left; line-height: 1.25;">Barak Eilam</div>
                </td>
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      <div style="text-align: center; line-height: 1.25; font-weight: bold;">POWER OF <a name="ATTORNEY"><!--Anchor--></a>ATTORNEY</div>
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      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Know all men by these present, that each individual whose signature appears below constitutes and appoints Barak Eilam and Beth Gaspich, and each of them, his or her true and
        lawful attorneys-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her place and stead, in any and all capacities, to sign any all amendments (including post-effective amendments) to this
        Registration Statement and to file the same will all exhibits thereto, and all 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 and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby rectifying and confirming all that said
        attorneys-in-fact and agents or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</div>
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      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following person in the capacities and on the dates
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          <tr>
            <td style="width: 33.94%; vertical-align: top;">
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          <tr>
            <td style="width: 33.94%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 41.79%; vertical-align: top;" rowspan="1">&#160;</td>
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          <tr>
            <td style="width: 33.94%; vertical-align: top;">
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                David Kostman</div>
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          <tr>
            <td style="width: 33.94%; vertical-align: top;" rowspan="1">&#160;</td>
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            <td style="width: 41.79%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">Chief Executive Officer (Principal Executive Officer)</div>
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            <td style="width: 24.27%; vertical-align: top; text-align: center;">
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            <td style="width: 33.94%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 41.79%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
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            <td style="width: 33.94%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><u>/s/ Beth Gaspich</u><u> </u><font style="font-family: 'Times New Roman',Times,serif;"><br>
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            <td style="width: 41.79%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">Chief Financial Officer</div>
              <div style="line-height: 1.25;">(Principal Financial Officer)</div>
            </td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">October 1, 2020</div>
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          </tr>
          <tr>
            <td style="width: 33.94%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 41.79%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
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          <tr>
            <td style="width: 33.94%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><u>/s/ Rimon Ben-Shaoul</u><font style="font-family: 'Times New Roman',Times,serif;"><br>
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            <td style="width: 41.79%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">Director</div>
            </td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">October 1, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33.94%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 41.79%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 33.94%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><u>/s/ Dan Falk</u><br>
                Dan Falk</div>
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            <td style="width: 41.79%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">Director</div>
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            </td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">October 1, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33.94%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 41.79%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
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          <tr>
            <td style="width: 33.94%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><font style="line-height: 1.25;">&#160;</font><u>/s/ Yocheved Dvir</u><font style="font-family: 'Times New Roman',Times,serif;"><br>
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            <td style="width: 41.79%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">Director</div>
            </td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">October 1, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33.94%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 41.79%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 33.94%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><u>/s/ Yehoshua Ehrlich</u><u> </u><font style="font-family: 'Times New Roman',Times,serif;"><br>
                </font>Yehoshua (Shuki) Ehrlich</div>
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            <td style="width: 41.79%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">Director</div>
            </td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">October 1, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33.94%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 41.79%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 33.94%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><u>/s/ Leo Apotheker</u><u> </u><font style="font-family: 'Times New Roman',Times,serif;"><br>
                </font>Leo Apotheker</div>
            </td>
            <td style="width: 41.79%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">Director</div>
            </td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">October 1, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33.94%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 41.79%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 33.94%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><u>/s/ Joe Cowan</u><u> </u><font style="font-family: 'Times New Roman',Times,serif;"><br>
                </font>Joe Cowan</div>
            </td>
            <td style="width: 41.79%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">Director</div>
            </td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">October 1, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33.94%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 41.79%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 33.94%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><u>/s/ Zehava Simon</u><u> </u><font style="font-family: 'Times New Roman',Times,serif;"><br>
                </font>Zehava Simon</div>
            </td>
            <td style="width: 41.79%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">Director</div>
            </td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;">October 1, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33.94%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 41.79%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 33.94%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Authorized Representative in the United States:<font style="font-family: 'Times New Roman',Times,serif;"><br>
                </font><font style="font-family: 'Times New Roman',Times,serif;"><br>
                </font>NICE SYSTEMS INC.<font style="font-family: 'Times New Roman',Times,serif;"><br>
                </font><font style="font-family: 'Times New Roman',Times,serif;"><br>
                </font>By:<font style="font-family: 'Times New Roman',Times,serif;"> <u>/s/ Jeff Levenberg</u></font></div>
              <div style="text-indent: 18pt; line-height: 1.25;">Name:&#160; Jeff Levenberg<br>
              </div>
              <div style="text-indent: 18pt; line-height: 1.25;">Title:&#160;&#160;&#160; Corporate Secretary</div>
            </td>
            <td style="width: 41.79%; vertical-align: top;">&#160;</td>
            <td style="width: 24.27%; vertical-align: top; text-align: center;">
              <div style="line-height: 1.25;"> <br>
              </div>
              <div style="line-height: 1.25;"> <br>
              </div>
              <div style="line-height: 1.25;"> <br>
              </div>
              <div style="line-height: 1.25;"> <br>
              </div>
              <div style="line-height: 1.25;">October 1, 2020</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="z13b0593cceb64a8ba7b29786f1673a28">

            <tr>
              <td style="width: 2%;" rowspan="1">&#160;</td>
              <td style="width: 10%;" rowspan="1">&#160;</td>
              <td style="width: 76%;" rowspan="1">
                <div style="text-align: center; font-weight: bold;">INDEX TO EXHIBITS</div>
              </td>
              <td style="width: 12%;" rowspan="1" colspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="width: 2%;">
                <div>&#160;</div>
              </td>
              <td style="width: 10%;">
                <div>&#160;</div>
              </td>
              <td style="width: 76%;">
                <div>&#160;</div>
              </td>
              <td style="width: 12%;" colspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="width: 2%;">
                <div><br>
                </div>
              </td>
              <td style="width: 10%;">
                <div>
                  <div><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">EXHIBIT NO.</font></div>
                  <font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"></font></div>
              </td>
              <td style="width: 76%;">
                <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">DESCRIPTION</font></div>
              </td>
              <td style="width: 12%;" colspan="1">&#160;</td>
            </tr>

        </table>
      </div>
      <br>
      <table cellspacing="0" cellpadding="0" id="z7787b180ae3d43c486dc8c0e4b823c1e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 29.4pt;"><br>
            </td>
            <td style="width: 29.1pt; vertical-align: top; align: right;"><a href="https://www.sec.gov/Archives/edgar/data/1003935/000117891316006892/exhibit_4-2.htm">4.1</a></td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;"><a href="https://www.sec.gov/Archives/edgar/data/1003935/000117891316006892/exhibit_4-2.htm">Amended and Restated Memorandum of Association of NICE Ltd., as amended through May 17, 2016
                  (previously filed as Exhibit 4.2 to, and incorporated by reference from, NICE&#8217;s Registration Statement on Form S-8 (Registration No. 333-214584) filed with the Commission on November 14, 2016).</a></div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z0ef0b734cbfe4cb8ad7b9252369420d1" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 29.4pt;"><br>
            </td>
            <td style="width: 29.1pt; vertical-align: top; align: right;"><a href="https://www.sec.gov/Archives/edgar/data/1003935/000117891316006892/exhibit_4-1.htm">4.2</a></td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;"><a href="https://www.sec.gov/Archives/edgar/data/1003935/000117891316006892/exhibit_4-1.htm">Amended and Restated Articles of Association of NICE Ltd., as amended through May 17, 2016
                  (previously filed as Exhibit 4.1 to, and incorporated by reference from, NICE&#8217;s Registration Statement on Form S-8 (Registration No. 333-214584) filed with the Commission on November 14, 2016).</a></div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="zd2e3ede627ba46549720ae11afd021fb" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 29.4pt;"><br>
            </td>
            <td style="width: 29.1pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">4.3</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;">Form of Share Certificate (previously filed as Exhibit 4.1 to, and incorporated by reference from, NICE&#8217;s Amendment No. 1 to Registration Statement on Form F-1 (Registration No.
                333-99640) filed with the Commission on December 29, 1995).</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="zc77559e933154d008ce0c99b368cb245" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 29.4pt;"><br>
            </td>
            <td style="width: 29.1pt; vertical-align: top; align: right;"><a href="exhibit_4-4.htm">4.4</a></td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;"><a href="exhibit_4-4.htm">Guardian Analytics, Inc. 2006 Stock Plan.</a></div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z4ea1d85cf1ac46aa9c581c9b9c1fc283" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 29.4pt;"><br>
            </td>
            <td style="width: 29.1pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;"><a href="exhibit_5-1.htm">5.1</a></td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman',Times,serif;"><a href="exhibit_5-1.htm">Opinion of Goldfarb Seligman &amp; Co.</a></div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="372716b9dc794afa8aaa7773f77dd8df" class="DSPFListTable">

          <tr>
            <td style="width: 29.4pt;"></td>
            <td style="width: 29.1pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;"><a href="exhibit_23-1.htm">23.1</a></td>
            <td style="width: auto; vertical-align: top;"><a href="exhibit_23-1.htm">Consent of Kost, Forer, Gabbay &amp; Kasierer, a member of EY Global.</a></td>
          </tr>

      </table>
      <div style="text-indent: -29.1pt; margin-left: 58.5pt; line-height: 1.25;"><a href="exhibit_23-1.htm"> <br>
        </a></div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="50d4be46cf474aefb0ed503984c923f4" class="DSPFListTable">

          <tr>
            <td style="width: 29.4pt;"></td>
            <td style="width: 29.1pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;"><a href="exhibit_5-1.htm">23.2</a></td>
            <td style="width: auto; vertical-align: top;"><a href="exhibit_5-1.htm">Consent of Goldfarb Seligman &amp; Co.<font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</font>(included in Exhibit 5.1).</a></td>
          </tr>

      </table>
      <a href="exhibit_23-1.htm"> <br>
      </a>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="4f0c5c0683224a648e4ca3d8fb697b72" class="DSPFListTable">

          <tr>
            <td style="width: 29.4pt;"></td>
            <td style="width: 29.1pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;"><a href="#ATTORNEY">24 .1</a></td>
            <td style="width: auto; vertical-align: top;"><a href="#ATTORNEY">Power of Attorney (included in signature page of this Registration Statement).</a></td>
          </tr>

      </table>
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<DOCUMENT>
<TYPE>EX-4.4
<SEQUENCE>2
<FILENAME>exhibit_4-4.htm
<DESCRIPTION>EXHIBIT 4.4
<TEXT>
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    <div style="text-align: right;"><u><font style="font-weight: bold;">Exhibit 4.4</font></u><br>
    </div>
    <div> <br>
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    <div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">GUARDIAN ANALYTICS, INC.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><u>2006 STOCK PLAN</u></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25;">Amended and Restated as of April 26, 2007</div>
      <div style="text-align: center; line-height: 1.25;">Amended and Restated June 24, 2009</div>
      <div style="text-align: center; line-height: 1.25;">Amended and Restated August 11, 2009</div>
      <div style="text-align: center; line-height: 1.25;">Amended and Restated March&#160;17,&#160;2010</div>
      <div style="text-align: center; line-height: 1.25;">Amended and Restated February 11, 2011</div>
      <div style="text-align: center; line-height: 1.25;">Amended and Restated February 2, 2012</div>
      <div style="text-align: center; line-height: 1.25;">Amended and Restated November 20, 2012</div>
      <div style="text-align: center; line-height: 1.25;">Amended and Restated March 18, 2016</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-indent: 36pt; line-height: 1.25;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Purposes of the Plan</u></font><font style="font-weight: bold;">.</font>&#160; The purposes
          of this 2006 Stock Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to Employees and Consultants, and to promote the success of the Company&#8217;s business.&#160;
          Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as determined by the Administrator at the time of grant of an Option and subject to the applicable provisions of Section&#160;422 of the Code and the
          regulations promulgated thereunder.&#160; Restricted Stock may also be granted under the Plan.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Definitions</u></font><font style="font-weight: bold;">.</font>&#160; As used herein, the
          following definitions shall apply:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Administrator</u></font><font style="font-weight: bold;">&#8221;</font> means the Board or a Committee.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Affiliate</u></font><font style="font-weight: bold;">&#8221;</font> means (i) an entity other than a Subsidiary which, together with the Company, is under common control of a third person or entity and (ii) an entity other than a
          Subsidiary in which the Company and /or one or more Subsidiaries own a controlling interest.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"> &#8220;</font><font style="font-weight: bold;"><u>Applicable Laws</u></font><font style="font-weight: bold;">&#8221;</font> means all applicable laws, rules, regulations and requirements, including, but not limited to, all applicable U.S. federal or state laws, any
          Stock Exchange rules or regulations, and the applicable laws, rules or regulations of any other country or jurisdiction where Options or Restricted Stock are granted under the Plan or Participants reside or provide services, as such laws, rules,
          and regulations shall be in effect from time to time.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Award</u></font><font style="font-weight: bold;">&#8221;</font> means any award of an Option or Restricted Stock under the Plan.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Board</u></font><font style="font-weight: bold;">&#8221;</font> means the Board of Directors of the Company.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>California Participant</u></font><font style="font-weight: bold;">&#8221;</font> means a Participant whose Award is issued in reliance on Section&#160;25102(o) of the California Corporations Code.</div>
      <div style="text-indent: 72pt; line-height: 1.25;"> <br>
        </div>
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      </div>
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      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Cashless Exercise</u></font><font style="font-weight: bold;">&#8221;</font> means a program approved by the Administrator in which payment of the Option exercise price or tax withholding obligations or other required
          deductions may be satisfied, in whole or in part, with Shares subject to the Option, including by delivery of an irrevocable direction to a securities broker (on a form prescribed by the Company) to sell Shares and to deliver all or part of the
          sale proceeds to the Company in payment of such amount.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Cause</u></font><font style="font-weight: bold;">&#8221;</font> for termination of a Participant&#8217;s Continuous Service Status will exist (unless another definition is provided in an applicable Option Agreement, Restricted Stock
          Purchase Agreement, employment agreement or other applicable written agreement) if the Participant&#8217;s Continuous Service Status is terminated for any of the following reasons:&#160; (i) Participant&#8217;s willful failure to perform his or her duties and
          responsibilities to the Company or Participant&#8217;s violation of any written Company policy; (ii) Participant&#8217;s commission of any act of fraud, embezzlement, dishonesty or any other willful misconduct that has caused or is reasonably expected to
          result in injury to the Company; (iii) Participant&#8217;s unauthorized use or disclosure of any proprietary information or trade secrets of the Company or any other party to whom the Participant owes an obligation of nondisclosure as a result of his
          or her relationship with the Company; or (iv) Participant&#8217;s material breach of any of his or her obligations under any written agreement or covenant with the Company.&#160; The determination as to whether a Participant&#8217;s Continuous Service Status has
          been terminated for Cause shall be made in good faith by the Company and shall be final and binding on the Participant.&#160; The foregoing definition does not in any way limit the Company&#8217;s ability to terminate a Participant&#8217;s employment or
          consulting relationship at any time, and the term &#8220;Company&#8221; will be interpreted to include any Subsidiary, Parent, Affiliate, or any successor thereto, if appropriate.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Code</u></font><font style="font-weight: bold;">&#8221;</font> means the Internal Revenue Code of 1986, as amended.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(j)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Committee</u></font><font style="font-weight: bold;">&#8221;</font> means one or more committees or subcommittees of the Board consisting of two (2) or more Directors (or such lesser or greater number of Directors as shall
          constitute the minimum number permitted by Applicable Laws to establish a committee or sub-committee of the Board) appointed by the Board to administer the Plan in accordance with Section&#160;4 below.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(k)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Common Stock</u></font><font style="font-weight: bold;">&#8221;</font> means the Company&#8217;s common stock, par value $0.001 per share, as adjusted in accordance with Section&#160;13 below.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(l)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Company</u></font><font style="font-weight: bold;">&#8221;</font> means Guardian Analytics, Inc., a Delaware corporation.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(m)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Consultant</u></font><font style="font-weight: bold;">&#8221;</font> means any person or entity, including an advisor but not an Employee, that renders, or has rendered, services to the Company, or any Parent, Subsidiary or
          Affiliate and is compensated for such services, and any Director whether compensated for such services or not.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(n)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Continuous Service Status</u></font><font style="font-weight: bold;">&#8221;</font> means the absence of any interruption or termination of service as an Employee or Consultant.&#160; Continuous Service Status as an Employee or
          Consultant shall not be considered interrupted or terminated in the case of:&#160; (i) Company approved sick leave; (ii) military leave; (iii) any other bona fide leave of absence approved by the Company, provided that, if an Employee is holding an
          Incentive Stock Option and such leave exceeds three (3) months then, for purposes of Incentive Stock Option status only, such Employee&#8217;s service as an Employee shall be deemed terminated on the 1st day following such 3-month period and the
          Incentive Stock Option shall thereafter automatically become a Nonstatutory Stock Option in accordance with Applicable Laws, unless reemployment upon the expiration of such leave is guaranteed by contract or statute, or unless provided otherwise
          pursuant to a written Company policy.&#160; Also, Continuous Service Status as an Employee or Consultant shall not be considered interrupted or terminated in the case of a transfer between locations of the Company or between the Company, its Parents,
          Subsidiaries or Affiliates, or their respective successors, or a change in status from an Employee to a Consultant or from a Consultant to an Employee.</div>
      <div style="text-indent: 72pt; line-height: 1.25;"> <br>
        </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
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      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(o)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Director</u></font><font style="font-weight: bold;">&#8221; </font>means a member of the Board.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(p)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Disability</u></font><font style="font-weight: bold;">&#8221;</font> means &#8220;disability&#8221; within the meaning of Section&#160;22(e)(3) of the Code.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(q)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Employee</u></font><font style="font-weight: bold;">&#8221;</font> means any person employed by the Company, or any Parent, Subsidiary or Affiliate, with the status of employment determined pursuant to such factors as are deemed
          appropriate by the Company in its sole discretion, subject to any requirements of Applicable Laws, including the Code.&#160; The payment by the Company of a director&#8217;s fee shall not be sufficient to constitute &#8220;employment&#8221; of such director by the
          Company or any Parent, Subsidiary or Affiliate.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(r)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Exchange Act</u></font><font style="font-weight: bold;">&#8221;</font> means the Securities Exchange Act of 1934, as amended.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(s)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Fair Market Value</u></font><font style="font-weight: bold;">&#8221;</font> means, as of any date, the per share fair market value of the Common Stock, as determined by the Administrator in good faith on such basis as it
          deems appropriate and applied consistently with respect to Participants.&#160; Whenever possible, the determination of Fair Market Value shall be based upon the per share closing price for the Shares as reported in the <u>Wall Street Journal</u> for the applicable date.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(t)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Family Members</u></font><font style="font-weight: bold;">&#8221;</font> means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law,
          father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships) of the Participant, any person sharing the Participant&#8217;s household (other than a tenant or employee), a trust in which these persons
          (or the Participant) have more than 50% of the beneficial interest, a foundation in which these persons (or the Participant) control the management of assets, and any other entity in which these persons (or the Participant) own more than 50% of
          the voting interests.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(u)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Incentive Stock Option</u></font><font style="font-weight: bold;">&#8221;</font> means an Option intended to, and which does, in fact, qualify as an incentive stock option within the meaning of Section&#160;422 of the Code, as
          designated in the applicable Option Agreement.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Involuntary Termination</u></font><font style="font-weight: bold;">&#8221;</font> means (unless another definition is provided in the applicable Option Agreement, Restricted Stock Purchase Agreement, employment agreement or
          other applicable written agreement) the termination of a Participant&#8217;s Continuous Service Status other than for (i) death, (ii) Disability or (iii) for Cause by the Company or a Parent, Subsidiary, Affiliate or successor thereto, as appropriate.</div>
      <div style="text-indent: 72pt; line-height: 1.25;"> <br>
        </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(w)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#8220;<font style="font-weight: bold;"><u>Listed Security</u></font>&#8221; means any security of the Company that is listed or approved for listing on a national securities exchange or designated or
          approved for designation as a national market system security on an interdealer quotation system by the Financial Industry Regulatory Authority (or any successor thereto).</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(x)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Nonstatutory Stock Option</u></font><font style="font-weight: bold;">&#8221;</font> means an Option that is not intended to, or does not, in fact, qualify as an Incentive Stock Option, as designated in the applicable Option
          Agreement.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(y)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Option</u></font><font style="font-weight: bold;">&#8221;</font> means a stock option granted pursuant to the Plan.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(z)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Option Agreement</u></font><font style="font-weight: bold;">&#8221;</font> means a written document, the form(s) of which shall be approved from time to time by the Administrator, reflecting the terms of an Option
          granted under the Plan and includes any documents attached to or incorporated into such Option Agreement, including, but not limited to, a notice of stock option grant and a form of exercise notice.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(aa)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Option Exchange Program</u></font><font style="font-weight: bold;">&#8221;</font> means a program approved by the Administrator whereby outstanding Options (i) are exchanged for Options with a lower exercise price, Restricted
          Stock, cash or other property or (ii) are amended to decrease the exercise price as a result of a decline in the Fair Market Value of the Common Stock.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(bb)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Optioned Stock</u></font><font style="font-weight: bold;">&#8221;</font> means Shares that are subject to an Option or that were issued pursuant to the exercise of an Option.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(cc)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Optionee</u></font><font style="font-weight: bold;">&#8221;</font> means an Employee or Consultant who receives an Option.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(dd)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Parent</u></font><font style="font-weight: bold;">&#8221;</font> means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company if, at the time of grant of the Award, each of the
          corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.&#160; A corporation that attains the status of a Parent on a date after
          the adoption of the Plan shall be considered a Parent commencing as of such date.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(ee)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Participant</u></font><font style="font-weight: bold;">&#8221;</font> means any holder of one or more Awards or Shares issued pursuant to an Award.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(ff)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Plan</u></font><font style="font-weight: bold;">&#8221;</font> means this 2006 Stock Plan.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(gg)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Restricted Stock</u></font><font style="font-weight: bold;">&#8221;</font> means Shares acquired pursuant to a right to purchase or receive Common Stock granted pursuant to Section&#160;10 below.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(hh)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Restricted Stock Purchase Agreement</u></font><font style="font-weight: bold;">&#8221;</font> means a written document, the form(s) of which shall be approved from time to time by the Administrator, reflecting the terms of Restricted Stock
          granted under the Plan and includes any documents attached to such agreement.</div>
      <div style="text-indent: 72pt; line-height: 1.25;"> <br>
        </div>
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      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Rule 16b-3</u></font><font style="font-weight: bold;">&#8221;</font> means Rule 16b-3 promulgated under the Exchange Act, as amended from time to time, or any successor provision.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(jj)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Share</u></font><font style="font-weight: bold;">&#8221;</font> means a share of Common Stock, as adjusted in accordance with Section&#160;13 below.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(kk)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Stock Exchange</u></font><font style="font-weight: bold;">&#8221;</font> means any stock exchange or consolidated stock price reporting system on which prices for the Common Stock are quoted at any given time.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(ll)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Subsidiary</u></font><font style="font-weight: bold;">&#8221;</font> means any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company if, at the time of grant of the Award, each of the
          corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.&#160; A corporation that attains the status
          of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(mm)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Ten Percent Holder</u></font><font style="font-weight: bold;">&#8221;</font> means a person who owns stock representing more than 10% of the voting power of all classes of stock of the Company or any Parent or Subsidiary
          measured as of an Award&#8217;s date of grant.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(nn)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;"><u>Triggering Event</u></font><font style="font-weight: bold;">&#8221;</font> means:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;a
          sale, transfer or disposition of all or substantially all of the Company&#8217;s assets other than to (A) a corporation or other entity of which at least a majority of its combined voting power is owned directly or indirectly by the Company, (B) a
          corporation or other entity owned directly or indirectly by the holders of capital stock of the Company in substantially the same proportions as their ownership of Common Stock, or (C) an Excluded Entity (as defined in subsection&#160;(ii) below); or</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;any
          merger, consolidation or other business combination transaction of the Company with or into another corporation, entity or person, other than a transaction with or into another corporation, entity or person in which the holders of at least a
          majority of the shares of voting capital stock of the Company outstanding immediately prior to such transaction continue to hold (either by such shares remaining outstanding in the continuing entity&#160;or by their being converted into shares of
          voting capital stock of the surviving entity) a majority of the total voting power represented by the shares of voting capital stock of the Company (or the surviving entity) outstanding immediately after such transaction (an &#8220;<u>Excluded Entity</u>&#8221;).</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">Notwithstanding anything stated herein, a transaction shall not constitute a &#8220;Triggering Event&#8221; if its sole purpose is to change the
        state of the Company&#8217;s incorporation, or to create a holding company that will be owned in substantially the same proportions by the persons who hold the Company&#8217;s securities immediately before such transaction.&#160; For clarity, the term &#8220;Triggering
        Event&#8221; as defined herein shall not include stock sale transactions whether by the Company or by the holders of capital stock.</div>
      <div style="line-height: 1.25;"> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Stock Subject to the Plan</u></font><font style="font-weight: bold;">.</font>&#160; Subject
          to the provisions of Section&#160;13 of the Plan, the maximum aggregate number of Shares that may be issued under the Plan is 27,449,024 Shares, all of which may be issued under the Plan pursuant to Incentive Stock Options.&#160; The Shares issued under
          the Plan may be authorized, but unissued, or reacquired Shares.&#160; If an Award should expire or become unexercisable for any reason without having been exercised in full, or is surrendered pursuant to an Option Exchange Program, the unissued Shares
          that were subject thereto shall, unless the Plan shall have been terminated, continue to be available under the Plan for issuance pursuant to future Awards.&#160; In addition, any Shares which are retained by the Company upon exercise of an Award in
          order to satisfy the exercise or purchase price for such Award or any withholding taxes due with respect to such Award shall be treated as not issued and shall continue to be available under the Plan for issuance pursuant to future Awards.&#160;
          Shares issued under the Plan and later forfeited to the Company due to the failure to vest or repurchased by the Company at the original purchase price paid to the Company for the Shares (including, without limitation, upon forfeiture to or
          repurchase by the Company in connection with the termination of a Participant&#8217;s Continuous Service Status) shall again be available for future grant under the Plan.&#160; Notwithstanding the foregoing, subject to the provisions of Section 13 below, in
          no event shall the maximum aggregate number of Shares that may be issued under the Plan pursuant to Incentive Stock Options exceed the number set forth in the first sentence of this Section 3 plus, to the extent allowable under Section 422 of the
          Code and the Treasury Regulations promulgated there under, any Shares that again become available for issuance pursuant to the remaining provisions of this Section 3.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Administration of the Plan</u></font><font style="font-weight: bold;">.</font></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>General</u></font><font style="font-weight: bold;">.</font>&#160; The Plan shall be
          administered by the Board, a Committee appointed by the Board, or any combination thereof, as determined by the Board.&#160; The Plan may be administered by different administrative bodies with respect to different classes of Participants and, if
          permitted by Applicable Laws, the Board may authorize one or more officers of the Company to make Awards under the Plan to Employees and Consultants (who are not subject to Section&#160;16 of the Exchange Act) within parameters specified by the Board.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Committee Composition</u></font><font style="font-weight: bold;">.&#160; </font>If a
          Committee has been appointed pursuant to this Section&#160;4, such Committee shall continue to serve in its designated capacity until otherwise directed by the Board.&#160; From time to time the Board may increase the size of any Committee and appoint
          additional members thereof, remove members (with or without cause) and appoint new members in substitution therefor, fill vacancies (however caused) and dissolve a Committee and thereafter directly administer the Plan, all to the extent permitted
          by Applicable Laws and, in the case of a Committee administering the Plan in accordance with the requirements of Rule&#160;16b&#8209;3 or Section&#160;162(m) of the Code, to the extent permitted or required by such provisions.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Powers of the Administrator</u></font><font style="font-weight: bold;">.</font>&#160; Subject
          to the provisions of the Plan and, in the case of a Committee, the specific duties delegated by the Board to such Committee, the Administrator shall have the authority, in its sole discretion:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;to
          determine the Fair Market Value of the Common Stock in accordance with Section&#160;2(s) above, provided that such determination shall be applied consistently with respect to Participants under the Plan;</div>
      <div style="text-indent: 108pt; line-height: 1.25;"> <br>
        </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;to
          select the Employees and Consultants to whom Awards may from time to time be granted;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;to
          determine the number of Shares to be covered by each Award;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;to
          approve the form(s) of agreement(s) and other related documents used under the Plan;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; to
          determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder, which terms and conditions include but are not limited to the exercise or purchase price, the time or times when Awards may vest
          and/or be exercised (which may be based on performance criteria), the circumstances (if any) when vesting will be accelerated or forfeiture restrictions will be waived, and any restriction or limitation regarding any Award, Optioned Stock, or
          Restricted Stock;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(vi)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;to
          amend any outstanding Award or agreement related to any Optioned Stock or Restricted Stock, including any amendment adjusting vesting (e.g., in connection with a change in the terms or conditions under which such person is providing services to
          the Company), provided that no amendment shall be made that would materially and adversely affect the rights of any Participant without his or her consent;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(vii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;to
          determine whether and under what circumstances an Option may be settled in cash under Section&#160;9(c) instead of Common Stock;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(viii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; subject
          to Applicable Laws, to implement an Option Exchange Program and establish the terms and conditions of such Option Exchange Program without consent of the holders of capital stock of the Company, provided that no amendment or adjustment to an
          Option that would materially and adversely affect the rights of any Participant shall be made without his or her consent;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(ix)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;to
          approve addenda pursuant to Section&#160;20 below or to grant Awards to, or to modify the terms of, any outstanding Option Agreement or Restricted Stock Purchase Agreement or any agreement related to any Optioned Stock or Restricted Stock held by
          Participants who are foreign nationals or employed outside of the United States with such terms and conditions as the Administrator deems necessary or appropriate to accommodate differences in local law, tax policy or custom which deviate from
          the terms and conditions set forth in this Plan to the extent necessary or appropriate to accommodate such differences; and</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(x)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;to
          construe and interpret the terms of the Plan, any Option Agreement or Restricted Stock Purchase Agreement, and any agreement related to any Optioned Stock or Restricted Stock, which constructions, interpretations and decisions shall be final and
          binding on all Participants.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Indemnification</u></font><font style="font-weight: bold;">.</font>&#160; To the maximum
          extent permitted by Applicable Laws, each member of the Committee (including officers of the Company, if applicable), or of the Board, as applicable, shall be indemnified and held harmless by the Company against and from (i)&#160;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 pursuant to the terms and conditions of any Award except for actions taken in bad faith or failures to act in good faith, and (ii)&#160;any and all amounts paid by him or her in settlement thereof,
          with the Company&#8217;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 that such member shall give the Company an opportunity, at its own expense, to handle
          and defend any such claim, action, suit or proceeding before he or she undertakes to handle and defend it on his or her own behalf.&#160; 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&#8217;s Articles<font style="font-weight: bold;">&#160;</font>of Incorporation, Certificate of Incorporation or Bylaws, by contract, as a matter of
          law, or otherwise, or under any other power that the Company may have to indemnify or hold harmless each such person.</div>
      <div style="text-indent: 72pt; line-height: 1.25;"> <br>
        </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Eligibility</u></font><font style="font-weight: bold;">.</font></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Recipients of Grants</u></font><font style="font-weight: bold;">.</font>&#160; Nonstatutory
          Stock Options and Restricted Stock may be granted to Employees and Consultants.&#160; Incentive Stock Options may be granted only to Employees, provided that Employees of Affiliates shall not be eligible to receive Incentive Stock Options.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Type of Option</u></font><font style="font-weight: bold;">.</font>&#160; Each Option shall be
          designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>ISO $100,000 Limitation</u></font><font style="font-weight: bold;">. </font>
          Notwithstanding any designation under Section&#160;5(b), to the extent that the aggregate Fair Market Value of Shares with respect to which Options designated as Incentive Stock Options are exercisable for the first time by any Optionee during any
          calendar year (under all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess Options shall be treated as Nonstatutory Stock Options.&#160; For purposes of this Section&#160;5(c), Incentive Stock Options shall be taken into
          account in the order in which they were granted, and the Fair Market Value of the Shares subject to an Incentive Stock Option shall be determined as of the date of the grant of such Option.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>No Employment Rights</u></font><font style="font-weight: bold;">.&#160; </font>Neither the
          Plan nor any Award shall confer upon any Employee or Consultant any right with respect to continuation of an employment or consulting relationship with the Company (any Parent, Subsidiary or Affiliate), nor shall it interfere in any way with such
          Employee&#8217;s or Consultant&#8217;s right or the Company&#8217;s (Parent&#8217;s, Subsidiary&#8217;s or Affiliate&#8217;s) right to terminate his or her employment or consulting relationship at any time, with or without cause.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Term of Plan</u></font><font style="font-weight: bold;">.</font>&#160; The Plan first became
          effective on April 21, 2006, the date on which the Board initially adopted the Plan.&#160; It shall continue in effect for an additional term of ten (10) years until April 21, 2026 (ten (10) years from the date on which the Board approved an extension
          of the term of the Plan), unless sooner terminated under Section&#160;16 below.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Term of Option</u></font><font style="font-weight: bold;">.</font>&#160; The term of each
          Option shall be the term stated in the Option Agreement; provided that the term shall be no more than ten&#160;(10) years from the date of grant thereof or such shorter term as may be provided in the Option Agreement and provided further that, in the
          case of an Incentive Stock Option granted to a person who at the time of such grant is a Ten Percent Holder, the term of the Option shall be five&#160;(5) years from the date of grant thereof or such shorter term as may be provided in the Option
          Agreement.</div>
      <div style="text-indent: 36pt; line-height: 1.25;"> <br>
        </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">8</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Option Exercise Price and Consideration</u></font><font style="font-weight: bold;">.</font></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Exercise Price</u></font><font style="font-weight: bold;">.</font>&#160; The per Share
          exercise price for the Shares to be issued pursuant to the exercise of an Option shall be such price as is determined by the Administrator and set forth in the Option Agreement, but shall be subject to the following:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In the
          case of an Incentive Stock Option</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 144pt; line-height: 1.25;">(A)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;granted
          to an Employee who at the time of grant is a Ten Percent Holder, the per Share exercise price shall be no less than 110% of the Fair Market Value on the date of grant;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 144pt; line-height: 1.25;">(B)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;granted
          to any other Employee, the per Share exercise price shall be no less than 100% of the Fair Market Value on the date of grant;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except
          as provided in subsection&#160;(iii) below, in the case of a Nonstatutory Stock Option the per Share exercise price shall be such price as is determined by the Administrator, provided that, if the per Share exercise price is less than 100% of the Fair
          Market Value on the date of grant, it shall otherwise comply with all Applicable Laws, including Section&#160;409A of the Code;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notwithstanding
          the foregoing, Options may be granted with a per Share exercise price other than as required above pursuant to a merger or other corporate transaction.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Permissible Consideration</u></font><font style="font-weight: bold;">.&#160; </font>The
          consideration to be paid for the Shares to be issued upon exercise of an Option, including the method of payment, shall be determined by the Administrator (and, in the case of an Incentive Stock Option and to the extent required by Applicable
          Laws, shall be determined at the time of grant) and may consist entirely of (1)&#160;cash; (2)&#160;check; (3)&#160; to the extent permitted under, and in accordance with, Applicable Laws, delivery of a promissory note with such recourse, interest, security and
          redemption provisions as the Administrator determines to be appropriate (subject to the provisions of Section 152 of the Delaware General Corporation Law); (4)&#160;cancellation of indebtedness; (5) other previously owned Shares that have a Fair
          Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which the Option is exercised; (6)&#160;a Cashless Exercise; (7)&#160;such other consideration and method of payment permitted under Applicable Laws; or (8) any
          combination of the foregoing methods of payment.&#160; In making its determination as to the type of consideration to accept, the Administrator shall consider if acceptance of such consideration may be reasonably expected to benefit the Company and
          the Administrator may, in its sole discretion, refuse to accept a particular form of consideration at the time of any Option exercise.</div>
      <div style="text-indent: 72pt; line-height: 1.25;"> <br>
        </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">9</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Exercise of Option</u></font><font style="font-weight: bold;">.</font></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>General</u></font><font style="font-weight: bold;">.</font></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Exercisability</u></font><font style="font-weight: bold;">.&#160; </font>Any Option granted
          hereunder shall be exercisable at such times and under such conditions as determined by the Administrator, consistent with the terms of the Plan and reflected in the Option Agreement, including vesting requirements and/or performance criteria
          with respect to the Company, and Parent, Subsidiary or Affiliate, and/or the Optionee.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Leave of Absence</u></font><font style="font-weight: bold;">.&#160; </font>The Administrator
          shall have the discretion to determine at any time whether and to what extent the vesting of Options shall be tolled during any leave of absence; provided, however, that in the absence of such determination, vesting of Options shall continue
          during any paid leave and shall be tolled during any unpaid leave (unless otherwise required by Applicable Laws).&#160; Notwithstanding the foregoing, in the event of military leave, vesting shall toll during any unpaid portion of such leave, provided
          that, upon an Optionee&#8217;s returning from military leave (under conditions that would entitle him or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she shall be given vesting credit with
          respect to Options to the same extent as would have applied had the Optionee continued to provide services to the Company (or any Parent, Subsidiary or Affiliate, if applicable) throughout the leave on the same terms as he or she was providing
          services immediately prior to such leave.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Minimum Exercise Requirements</u></font><font style="font-weight: bold;">.&#160; </font>An
          Option may not be exercised for a fraction of a Share.&#160; The Administrator may require that an Option be exercised as to a minimum number of Shares, provided that such requirement shall not prevent an Optionee from exercising the full number of
          Shares as to which the Option is then exercisable.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Procedures for and Results of Exercise</u></font><font style="font-weight: bold;">.&#160; </font>An
          Option shall be deemed exercised when written notice of such exercise has been received by the Company in accordance with the terms of the Option Agreement by the person entitled to exercise the Option and the Company has received full payment
          for the Shares with respect to which the Option is exercised and has paid, or made arrangements to satisfy, any applicable taxes, withholding, required deductions or other required payments in accordance with Section&#160;11 below.&#160; The exercise of an
          Option shall result in a decrease in the number of Shares that thereafter may be available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Rights as Holder of Capital Stock</u></font><font style="font-weight: bold;">.&#160; </font>Until
          the issuance of the Shares (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 or receive dividends or any other rights as a holder of capital stock shall
          exist with respect to the Optioned Stock, notwithstanding the exercise of the Option.&#160; No adjustment will be made for a dividend or other right for which the record date is prior to the date the stock is issued, except as provided in Section&#160;13
          below.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Termination of Continuous Service Status</u></font><font style="font-weight: bold;">.</font>&#160;
          The Administrator shall establish and set forth in the applicable Option Agreement the terms and conditions upon which an Option shall remain exercisable, if at all, following termination of an Optionee&#8217;s Continuous Service Status, which
          provisions may be waived or modified by the Administrator at any time.&#160; To the extent that an Option Agreement does not specify the terms and conditions upon which an Option shall terminate upon termination of an Optionee&#8217;s Continuous Service
          Status, the following provisions shall apply:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>General Provisions</u></font><font style="font-weight: bold;">.&#160; </font>If the Optionee
          (or other person entitled to exercise the Option) does not exercise the Option to the extent so entitled within the time specified below, the Option shall terminate and the Optioned Stock underlying the unexercised portion of the Option shall
          revert to the Plan.&#160; In no event may any Option be exercised after the expiration of the Option term as set forth in the Option Agreement (and subject to this Section&#160;9).</div>
      <div style="text-indent: 108pt; line-height: 1.25;"> <br>
        </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">10</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Termination other than Upon Disability or Death or for Cause</u></font><font style="font-weight: bold;">.&#160; </font>In the event of termination of an Optionee&#8217;s Continuous Service Status other than under the circumstances set forth in subsections (iii) through (v) below, such Optionee may exercise any outstanding Option at any
          time within three (3) months following such termination to the extent the Optionee is vested in the Optioned Stock.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Disability of Optionee</u></font><font style="font-weight: bold;">.&#160; </font>In the
          event of termination of an Optionee&#8217;s Continuous Service Status as a result of his or her Disability, such Optionee may exercise any outstanding Option at any time within six (6) months following such termination to the extent the Optionee is
          vested in the Optioned Stock.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Death of Optionee</u></font><font style="font-weight: bold;">.</font>&#160; In the event of
          the death of an Optionee during the period of Continuous Service Status since the date of grant of any outstanding Option, or within 30 days following termination of Optionee&#8217;s Continuous Service Status, the Option may be exercised by any
          beneficiaries designated in accordance with Section&#160;18 below, or if there are no such beneficiaries by the Optionee&#8217;s estate, or by a person who acquired the right to exercise the Option by bequest or inheritance, at any time within<font style="font-weight: bold;">&#160;</font>twelve (12) months following the date of death or, if earlier, the date the Optionee&#8217;s Continuous Service Status terminated, but only to the
          extent the Optionee is vested in the Optioned Stock.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Termination for Cause</u></font><font style="font-weight: bold;">.&#160; </font>In the event
          of termination of an Optionee&#8217;s Continuous Service Status for Cause, any outstanding Option (including any vested portion thereof) held by such Optionee shall immediately terminate in its entirety upon first notification to the Optionee of
          termination of the Optionee&#8217;s Continuous Service Status for Cause.&#160; If an Optionee&#8217;s Continuous Service Status is suspended pending an investigation of whether the Optionee&#8217;s Continuous Service Status will be terminated for Cause, all the
          Optionee&#8217;s rights under any Option, including the right to exercise the Option, shall be suspended during the investigation period.&#160; Nothing in this Section&#160;10(b)(v) shall in any way limit the Company&#8217;s right to purchase unvested Shares issued
          upon exercise of an Option as set forth in the applicable Option Agreement.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Buyout Provisions</u></font><font style="font-weight: bold;">.</font>&#160; The Administrator
          may at any time offer to buy out for a payment in cash or Shares an Option previously granted under the Plan based on such terms and conditions as the Administrator shall establish and communicate to the Optionee at the time that such offer is
          made.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">11</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
      <div style="line-height: 1.25"> <br>
      </div>
      <div style="text-indent: 36pt; line-height: 1.25;">10.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Restricted Stock</u></font><font style="font-weight: bold;">.</font></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Rights to Purchase</u></font><font style="font-weight: bold;">.</font>&#160; When a right to
          purchase or receive Restricted Stock is granted under the Plan, the Company shall advise the recipient in writing of the terms, conditions and restrictions related to the offer, including the number of Shares that such person shall be entitled to
          purchase, the price to be paid, if any (which shall be as determined by the Administrator, subject to Applicable Laws, including any applicable securities laws), and the time within which such person must accept such offer.&#160; The permissible
          consideration for Restricted Stock shall be determined by the Administrator and shall be the same as is set forth in Section&#160;8(b) with respect to exercise of Options.&#160; The offer to purchase Shares shall be accepted by execution of a Restricted
          Stock Purchase Agreement in the form determined by the Administrator.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Repurchase Option</u></font><font style="font-weight: bold;">.</font></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>General</u></font><font style="font-weight: bold;">.&#160; </font>Unless the Administrator
          determines otherwise, the Restricted Stock Purchase Agreement shall grant the Company a repurchase option exercisable upon the voluntary or involuntary termination of the Participant&#8217;s Continuous Service Status for any reason (including death or
          Disability) at a purchase price for Shares equal to the original purchase price paid by the purchaser to the Company for such Shares and may be paid by cancellation of any indebtedness of the purchaser to the Company.&#160; The repurchase option shall
          lapse at such rate as the Administrator may determine.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 108pt; line-height: 1.25;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Leave of Absence</u></font><font style="font-weight: bold;">.&#160; </font>The Administrator
          shall have the discretion to determine at any time whether and to what extent the lapsing of Company repurchase rights shall be tolled during any leave of absence; provided, however, that in the absence of such determination, such lapsing shall
          continue during any paid leave and shall be tolled during any unpaid leave (unless otherwise required by Applicable Laws).&#160; Notwithstanding the foregoing, in the event of military leave, the lapsing of Company repurchase rights shall toll during
          any unpaid portion of such leave, provided that, upon a Participant&#8217;s returning from military leave (under conditions that would entitle him or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act),
          he or she shall be given vesting credit with respect to Shares purchased pursuant to the Restricted Stock Purchase Agreement to the same extent as would have applied had the Participant continued to provide services to the Company (or any Parent,
          Subsidiary or Affiliate, if applicable) throughout the leave on the same terms as he or she was providing services immediately prior to such leave.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Other Provisions</u></font><font style="font-weight: bold;">.</font>&#160; The Restricted
          Stock Purchase Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its sole discretion.&#160; In addition, the provisions of Restricted Stock Purchase
          Agreements need not be the same with respect to each Participant.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Rights as a Holder of Capital Stock</u></font><font style="font-weight: bold;">.</font>&#160;
          Once the Restricted Stock is purchased, the Participant shall have the rights equivalent to those of a holder of capital stock, and shall be a record holder when his or her purchase and the issuance of the Shares is entered upon the records of
          the duly authorized transfer agent of the Company.&#160; No adjustment will be made for a dividend or other right for which the record date is prior to the date the Restricted Stock is purchased, except as provided in Section&#160;13 below.</div>
      <div style="text-indent: 72pt; line-height: 1.25;"> <br>
        </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">12</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">11.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Taxes</u></font><font style="font-weight: bold;">.</font></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As a
          condition of the grant, vesting and exercise of an Award, the Participant (or in the case of the Participant&#8217;s death or a permitted transferee, the person holding or exercising the Award) shall make such arrangements as the Administrator may
          require for the satisfaction of any applicable U.S. federal, state, local or foreign tax, withholding, and any other required deductions or payments that may arise in connection with such Award.&#160; The Company shall not be required to issue any
          Shares under the Plan until such obligations are satisfied.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
          Administrator may, to the extent permitted under Applicable Laws, permit a Participant (or in the case of the Participant&#8217;s death or a permitted transferee, the person holding or exercising the Award) to satisfy all or part of his or her tax,
          withholding, or any other required deductions or payments by Cashless Exercise or by surrendering Shares (either directly or by stock attestation) that he or she previously acquired; provided that, unless specifically permitted by the Company,
          any such Cashless Exercise must be an approved broker-assisted Cashless Exercise or the Shares withheld in the Cashless Exercise must be limited to avoid financial accounting charges under applicable accounting guidance and any such surrendered
          Shares must have been previously held for any minimum duration required to avoid financial accounting charges under applicable accounting guidance.&#160; Any payment of taxes by surrendering Shares to the Company may be subject to restrictions,
          including, but not limited to, any restrictions required by rules of the Securities and Exchange Commission.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">12.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Non-Transferability of Awards</u></font><font style="font-weight: bold;">.</font></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>General</u></font><font style="font-weight: bold;">.</font>&#160; Except as set forth in this
          Section&#160;12, Awards (or any rights of such Awards) may not be sold, pledged, encumbered, assigned, hypothecated, or disposed of or otherwise transferred in any manner other than by will or by the laws of descent or distribution.&#160; The designation
          of a beneficiary by a Participant will not constitute a transfer.&#160; An Option may be exercised, during the lifetime of the holder of the Option, only by such holder or a transferee permitted by this Section&#160;12.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Limited Transferability Rights</u></font><font style="font-weight: bold;">.&#160; </font>Notwithstanding
          anything else in this Section&#160;12, the Administrator may in its sole discretion provide that any Nonstatutory Stock Options may be transferred by instrument to an inter vivos or testamentary trust in which the Options are to be passed to
          beneficiaries upon the death of the trustor (settlor) or by gift to Family Members. Further, beginning with (i) the period when the Company begins to rely on the exemption described in Rule&#160;12h-1(f)(1) promulgated under the Exchange Act, as
          determined by the Board in its sole discretion, and (ii) ending on the earlier of (A) the date when the Company ceases to rely on such exemption, as determined by the Board in its sole discretion, or (B) the date when the Company becomes subject
          to the reporting requirements of Section&#160;13 or 15(d) of the Exchange Act, an Option, or prior to exercise, the Shares subject to the Option, may not be pledged, hypothecated or otherwise transferred or disposed of, in any manner, including by
          entering into any short position, any &#8220;put equivalent position&#8221; or any &#8220;call equivalent position&#8221; (as defined in Rule&#160;16a-1(h) and Rule&#160;16a-1(b) of the Exchange Act, respectively), other than to (i) persons who are Family Members through gifts or
          domestic relations orders, or (ii) to an executor or guardian of the Participant upon the death or disability of the Participant.&#160; Notwithstanding the foregoing sentence, the Board, in its sole discretion, may permit transfers of Nonstatutory
          Stock Options to the Company or in connection with a Change of Control or other acquisition transactions involving the Company to the extent permitted by Rule&#160;12h-1(f).</div>
      <div style="text-indent: 72pt; line-height: 1.25;"> <br>
        </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">13</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">13.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Adjustments Upon Changes in Capitalization, Merger or Certain Other Transactions</u></font><font style="font-weight: bold;">.</font></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Changes in Capitalization</u></font><font style="font-weight: bold;">.</font>&#160; Subject
          to any action required under Applicable Laws by the holders of capital stock of the Company, (i) the numbers and class of Shares or other stock or securities:&#160; (x) available for future Awards under Section&#160;3 above and (y) covered by each
          outstanding Award, (ii) the exercise price per Share of each such outstanding Option, and (iii) any repurchase price per Share applicable to Shares issued pursuant to any Award, shall be automatically proportionately adjusted in the event of a
          stock split, reverse stock split, stock dividend, combination, consolidation, reclassification of the Shares or subdivision of the Shares.&#160; In the event of any increase or decrease in the number of issued Shares effected without receipt of
          consideration by the Company, a declaration of an extraordinary dividend with respect to the Shares payable in a form other than Shares in an amount that has a material effect on the Fair Market Value, a recapitalization (including a
          recapitalization through a large nonrecurring cash dividend), a rights offering, a reorganization, merger, a spin-off, split-up, change in corporate structure or a similar occurrence, the Administrator shall make appropriate adjustments, in its
          discretion, in one or more of (i) the numbers and class of Shares or other stock or securities:&#160; (x) available for future Awards under Section&#160;3 above and (y) covered by each outstanding Award, (ii) the exercise price per Share of each
          outstanding Option and (iii) any repurchase price per Share applicable to Shares issued pursuant to any Award, and any such adjustment by the Administrator shall be made in the Administrator&#8217;s sole and absolute discretion and shall be final,
          binding and conclusive.&#160; Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made
          with respect to, the number or price of Shares subject to an Award.&#160; If, by reason of a transaction described in this Section&#160;13(a) or an adjustment pursuant to this Section&#160;13(a), a Participant&#8217;s Award agreement or agreement related to any
          Optioned Stock or Restricted Stock covers additional or different shares of stock or securities, then such additional or different shares, and the Award agreement or agreement related to the Optioned Stock or Restricted Stock in respect thereof,
          shall be subject to all of the terms, conditions and restrictions which were applicable to the Award, Optioned Stock and Restricted Stock prior to such adjustment.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Dissolution or Liquidation</u></font><font style="font-weight: bold;">.</font>&#160; In the
          event of the dissolution or liquidation of the Company, each Award will terminate immediately prior to the consummation of such action, unless otherwise determined by the Administrator.</div>
      <div style="text-indent: 72pt; line-height: 1.25;"> <br>
        </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">14</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Corporate Transactions</u></font><font style="font-weight: bold;">.</font>&#160; In the event
          of (i) a transfer of all or substantially all of the Company&#8217;s assets, (ii) a merger, consolidation or other capital reorganization or business combination transaction of the Company with or into another corporation, entity or person, or (iii)
          the consummation of a transaction, or series of related transactions, in which any &#8220;person&#8221; (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the &#8220;beneficial owner&#8221; (as defined in Rule 13d-3 of the Exchange Act),
          directly or indirectly, of more than 50% of the Company&#8217;s then outstanding capital stock (a &#8220;<u>Corporate Transaction</u>&#8221;), each outstanding Award (vested or
          unvested) will be treated as the Administrator determines, which determination may be made without the consent of any Participant and need not treat all outstanding Awards (or portion thereof) in an identical manner.&#160; Such determination, without
          the consent of any Participant, may provide (without limitation) for one or more of the following in the event of a Corporate Transaction:&#160; (A) the continuation of such outstanding Awards by the Company (if the Company is the surviving
          corporation); (B) the assumption of such outstanding Awards by the surviving corporation or its parent; (C) the substitution by the surviving corporation or its parent of new options or equity awards for such Awards; (D) the cancellation of such
          Awards in exchange for a payment to the Participants equal to the excess of (1) the Fair Market Value of the Shares subject to such Awards as of the closing date of such Corporate Transaction over (2) the exercise price or purchase price paid or
          to be paid for the Shares subject to the Awards; or (E) the cancellation of any outstanding Options or an outstanding right to purchase Restricted Stock, in either case, for no consideration.&#160; Notwithstanding anything herein, under this Plan, any
          Award Agreement or otherwise, any escrow, holdback, earn-out or similar provisions agreed to pursuant to, or in connection with, a Corporate Transaction shall, unless otherwise determined by the Board, apply to any payment or other right a
          Participant may be entitled to under this Plan, if any, to the same extent and in the same manner as such provisions apply generally to the holders of the Company&#8217;s Common Stock with respect to the Corporate Transaction, but only to extent
          permitted by Applicable Law, including (without limitation), Section 409A of the Code.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">14.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Non-Transferability of Stock Underlying Awards</u></font>.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>General</u></font><font style="font-weight: bold;">.</font>&#160; Notwithstanding anything to
          the contrary, no Participant or other stockholder shall Transfer (as such term is defined below) any Shares (or any rights of or interests in such Shares) acquired pursuant to any Award (including, without limitation, Shares acquired upon
          exercise of an Option) to any person or entity unless such Transfer is approved by the Company prior to such Transfer, which approval may be granted or withheld in the Company&#8217;s sole and absolute discretion.&#160; &#8220;Transfer&#8221; shall mean, with respect
          to any security, the direct or indirect assignment, sale, transfer, tender, pledge, hypothecation, or the grant, creation or suffrage of a lien or encumbrance in or upon, or the gift, placement in trust, or the Constructive Sale (as such term is
          defined below) or other disposition of such security (including transfer by testamentary or intestate succession, merger or otherwise by operation of law) or any right, title or interest therein (including, but not limited to, any right or power
          to vote to which the holder thereof may be entitled, whether such right or power is granted by proxy or otherwise), or the record or beneficial ownership thereof, the offer to make such a sale, transfer, Constructive Sale or other disposition,
          and each agreement, arrangement or understanding, whether or not in writing, to effect any of the foregoing.&#160; &#8220;Constructive Sale&#8221; shall mean, with respect to any security, a short sale with respect to such security, entering into or acquiring an
          offsetting derivative contract with respect to such security, entering into or acquiring a futures or forward contract to deliver such security, or entering into any other hedging or other derivative transaction that has the effect of materially
          changing the economic benefits and risks of ownership.&#160; Any purported Transfer effected in violation of this Section&#160;14 shall be null and void and shall have no force or effect and the Company shall not be required (i)&#160;to transfer on its books
          any Shares that have been sold or otherwise transferred in violation of any of the provisions of the Plan or (ii)&#160;to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such
          Shares shall have been so transferred.</div>
      <div style="text-indent: 72pt; line-height: 1.25;"> <br>
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        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">15</font></div>
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          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 72pt; line-height: 1.25;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Approval Process</u></font><font style="font-weight: bold;">.</font>&#160; Any Participant or
          stockholder seeking the approval of the Company to Transfer some or all of its Shares shall give written notice thereof to the Secretary of the Company that shall include: (1) the name of the stockholder; (2) the proposed transferee; (3) the
          number of shares of the Transfer of which approval is thereby requested; and (4) the purchase price, if any, of the shares proposed for Transfer.&#160; The Company may require the Participant to supplement its notice with such additional information
          as the Company may request or as may otherwise be required by the applicable Option Agreement, Restricted Stock Purchase Agreement or other applicable written agreement.&#160; In addition such request for Transfer shall be subject to such right of
          first refusal, transfer provisions and any other terms and conditions as may be set forth in the applicable Option Agreement, Restricted Stock Purchase Agreement or other applicable written agreement.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">15.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Time of Granting Awards</u></font><font style="font-weight: bold;">.</font>&#160; The date of
          grant of an Award shall, for all purposes, be the date on which the Administrator makes the determination granting such Award, or such other date as is determined by the Administrator.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">16.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Amendment and Termination of the Plan</u></font><font style="font-weight: bold;">.</font>&#160;
          The Board may at any time amend or terminate the Plan, but no amendment or termination shall be made that would materially and adversely affect the rights of any Participant under any outstanding Award, without his or her consent.&#160; In addition,
          to the extent necessary and desirable to comply with Applicable Laws, the Company shall obtain the approval of holders of capital stock with respect to any Plan amendment in such a manner and to such a degree as required.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">17.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Conditions Upon Issuance of Shares</u></font><font style="font-weight: bold;">.</font>&#160;
          Notwithstanding any other provision of the Plan or any agreement entered into by the Company pursuant to the Plan, the Company shall not be obligated, and shall have no liability for failure, to issue or deliver any Shares under the Plan unless
          such issuance or delivery would comply with Applicable Laws, with such compliance determined by the Company in consultation with its legal counsel.&#160; As a condition to the exercise of any Option or purchase of any Restricted Stock, the Company may
          require the person exercising the Option or purchasing the Restricted Stock to represent and warrant at the time of any such exercise or purchase 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 advisable or required by Applicable Laws.&#160; Shares issued upon exercise of Options or purchase of Restricted Stock prior to the date, if ever, on which
          the Common Stock becomes a Listed Security shall be subject to a right of first refusal in favor of the Company pursuant to which the Participant will be required to offer Shares to the Company before selling or transferring them to any third
          party on such terms and subject to such conditions as is reflected in the applicable Option Agreement or Restricted Stock Purchase Agreement.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">18.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Beneficiaries</u></font><font style="font-weight: bold;">.</font>&#160; If permitted by the
          Company, a Participant may designate one or more beneficiaries with respect to an Award by timely filing the prescribed form with the Company.&#160; A beneficiary designation may be changed by filing the prescribed form with the Company at any time
          before the Participant&#8217;s death.&#160; Except as otherwise provided in an Award Agreement, if no beneficiary was designated or if no designated beneficiary survives the Participant, then after a Participant&#8217;s death any vested Award(s) shall be
          transferred or distributed to the Participant&#8217;s estate or to any person who has the right to acquire the Award by bequest or inheritance.</div>
      <div style="text-indent: 36pt; line-height: 1.25;"> <br>
        </div>
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      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">19.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Approval of Holders of Capital Stock</u></font><font style="font-weight: bold;">.</font>&#160;
          If required by Applicable Laws, continuance of the Plan shall be subject to approval by the holders of capital stock of the Company within twelve (12) months before or after the date the Plan is adopted or, to the extent required by Applicable
          Laws, any date the Plan is amended.&#160; Such approval shall be obtained in the manner and to the degree required under Applicable Laws.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">20.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Addenda</u></font><font style="font-weight: bold;">.</font>&#160; The Administrator may
          approve such addenda to the Plan as it may consider necessary or appropriate for the purpose of granting Awards to Employees or Consultants, which Awards may contain such terms and conditions as the Administrator deems necessary or appropriate to
          accommodate differences in local law, tax policy or custom, which may deviate from the terms and conditions set forth in this Plan.&#160; The terms of any such addenda shall supersede the terms of the Plan to the extent necessary to accommodate such
          differences but shall not otherwise affect the terms of the Plan as in effect for any other purpose.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">21.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Information to Holders of Options</u></font><font style="font-weight: bold;">.</font>&#160;
          In the event the Company is relying on the exemption provided by Rule 12h-1(f) under the Exchange Act, the Company shall provide the information described in Rule 701(e)(3), (4) and (5) of the Securities Act of 1933, as amended, to all holders of
          Options in accordance with the requirements thereunder until such time as the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act.&#160; The Company may request that holders of Options agree to keep the
          information to be provided pursuant to this Section confidential.&#160; If the holder does not agree to keep the information to be provided pursuant to this Section confidential, then the Company will not be required to provide the information unless
          otherwise required pursuant to Rule 12h-1(f)(1) of the Exchange Act.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">17</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div id="DSPFPageHeader">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">ADDENDUM A</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><u>2006 Stock Plan</u></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-style: italic;">(California Participants)</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">Prior to the date, if ever, on which the Common Stock becomes a Listed Security and/or the Company is subject to the
        reporting requirements of the Exchange Act, the terms set forth herein shall apply to Awards issued to California Participants.&#160; All capitalized terms used herein but not otherwise defined shall have the respective meanings set forth in the Plan.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
          following rules shall apply to any Option in the event of termination of the Participant&#8217;s Continuous Service Status:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 54pt; line-height: 1.25;">a.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If such
          termination was for reasons other than death, &#8220;Permanent Disability&#8221; (as defined below), or Cause, the Participant shall have at least thirty (30) days after the date of such termination to exercise his or her Option to the extent the Participant
          is entitled to exercise on his or her termination date, provided that in no event shall the Option be exercisable after the expiration of the term as set forth in the Option Agreement.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 54pt; line-height: 1.25;">b.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If such
          termination was due to death or Permanent Disability, the Participant shall have at least six (6) months after the date of such termination to exercise his or her Option to the extent the Participant is entitled to exercise on his or her
          termination date, provided that in no event shall the Option be exercisable after the expiration of the term as set forth in the Option Agreement.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">&#8220;<u>Permanent Disability</u>&#8221; for purposes of this
        Addendum shall mean the inability of the Participant, in the opinion of a qualified physician acceptable to the Company, to perform the major duties of the Participant&#8217;s position with the Company or any Parent or Subsidiary because of the sickness
        or injury of the Participant.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notwithstanding
          anything to the contrary in Section&#160;13(a) the Plan, the Administrator shall in any event make such adjustments as may be required by Section&#160;25102(o) of the California Corporations Code.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notwithstanding
          anything stated herein to the contrary, no Option shall be exercisable on or after the tenth anniversary of the date of grant and any Award agreement shall terminate on or before the tenth anniversary of the date of grant.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
          Company shall furnish summary financial information (audited or unaudited) of the Company&#8217;s financial condition and results of operations, consistent with the requirements of Applicable Laws, at least annually to each California Participant
          during the period such Participant has one or more Awards outstanding, and in the case of an individual who acquired Shares pursuant to the Plan, during the period such Participant owns such Shares; provided, however, the Company shall not be
          required to provide such information if (i) the issuance is limited to key persons whose duties in connection with the Company assure their access to equivalent information or (ii) the Plan or any agreement complies with all conditions of Rule
          701 of the Securities Act of 1933, as amended; provided that for purposes of determining such compliance, any registered domestic partner shall be considered a &#8220;family member&#8221; as that term is defined in Rule 701.</div>
      <div style="text-indent: 18pt; line-height: 1.25;"> <br>
        </div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"> </div>
      <div style="line-height: 1.25">&#160;</div>
    </div>
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<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>exhibit_5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: company
         Document created using EDGARfilings PROfile 7.2.0.0
         Copyright 1995 - 2020 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div>
      <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>EXHIBIT 5.1</u></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">Goldfarb Seligman&#160;&amp; Co.</div>
        <div style="text-align: center; line-height: 1.25;">Ampa Tower</div>
        <div style="text-align: center; line-height: 1.25;">98 Yigal Alon Street</div>
        <div style="text-align: center; line-height: 1.25;">Tel Aviv 6789141, Israel</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="text-align: center; line-height: 1.25;">October 1, 2020</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 100%; vertical-align: top;">
              <div style="line-height: 1.25;">NICE Ltd.</div>
              <div style="line-height: 1.25;">13 Zarchin Street</div>
              <div style="line-height: 1.25;">Ra'anana, 4310602</div>
              <div style="line-height: 1.25;">Israel</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">Ladies and Gentlemen,</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">We refer to the Registration Statement on Form S-8 (the &#8220;Registration Statement&#8221;) to be filed with the Securities and
        Exchange Commission under the Securities Act of 1933, as amended (the &#8220;Act&#8221;), on behalf of NICE Ltd. (the &#8220;Company&#8221;), relating to <font style="font-family: 'Times New Roman',Times,serif;">5,823 </font>of the Company&#8217;s Ordinary Shares,
        NIS 1.00 nominal value per share (the &#8220;Shares&#8221;), issuable upon the exercise of options under the Guardian Analytics, Inc. 2006 Stock Plan (the &#8220;2006 Plan&#8221;), which options were assumed by the Company pursuant to an Agreement and Plan of Merger dated
        as of June 3, 2020, by and among NICE Systems, Inc., a wholly owned subsidiary of the Company, NICE TUBE, Inc., a wholly owned subsidiary of NICE Systems, Inc., Guardian Analytics, Inc. and Fortis Advisors LLC.</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">We are members of the Israel Bar and we express no opinion as to any matter relating to the laws of any jurisdiction
        other than the laws of Israel.</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">In connection with this opinion, we have examined such corporate records, other documents, and such questions of
        Israeli law as we have considered necessary or appropriate for the purpose of this opinion. In such examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to
        original documents of documents submitted to us as certified or photostatic copies, the authenticity of the originals of such copies and, as to matters of fact, the accuracy of all statements and representations made by officers of the Company.</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">Based on the foregoing and subject to the qualifications stated herein, we advise you that in our opinion, the Shares,
        when issued and paid for upon the exercise of options in accordance with the 2006 Plan, will be duly authorized, validly issued, fully paid and non-assessable.</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">This opinion is rendered as of the date hereof, and we undertake no obligation to advise you of any changes in
        applicable law or any other matters that may come to our attention after the date hereof that may affect this opinion.</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. This consent is not to be
        construed as an admission that we are a person whose consent is required to be filed with the Registration Statement under the provisions of the Act.</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="z31a2218c16d34a6587d2b6f9e651a70d">

            <tr>
              <td style="width: 50.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 50%; text-align: left; vertical-align: bottom;">
                <div>
                  <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Sincerely,</div>
                  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
                  </div>
                  <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><u>/s/ Goldfarb Seligman &amp; Co.</u></div>
                  <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Goldfarb Seligman &amp; Co.</div>
                </div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div>
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
    </div>
  </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>exhibit_23-1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: company
         Document created using EDGARfilings PROfile 7.2.0.0
         Copyright 1995 - 2020 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div>
      <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>EXHIBIT 23.1</u></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">We consent to the incorporation by reference in the Registration Statement on Form S-8 of NICE Ltd. for the registration of <font style="font-family: 'Times New Roman',Times,serif;">5,823 </font>of its ordinary shares under the Guardian Analytics, Inc. 2006 Stock Plan of our report&#160;dated April 6, 2020 with respect to the consolidated financial statements of NICE
        Ltd., and the effectiveness of internal control over financial reporting of NICE Ltd., included in its Annual Report (Form 20-F) for the year ended December 31, 2019, filed with the Securities and Exchange Commission on April 6, 2020.</div>
      <div style="line-height: 1.25;">&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 40%; vertical-align: top;">&#160;</td>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="line-height: 1.25;"><u>/s/ KOST, FORER, GABBAY &amp; KASIERER</u><br>
                KOST, FORER, GABBAY &amp; KASIERER<font style="font-family: 'Times New Roman',Times,serif;"><br>
                  </font>A Member of EY Global</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;"><br>
        </font>Tel-Aviv, Israel<font style="font-family: 'Times New Roman',Times,serif;"><br>
        </font>October 1, 2020</div>
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